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Time I would return to Italy now the G-8 is becoming the G thirteen today a lot of the F fast.
Developing economists -- -- them.
Are joined the discussions on climate change and the global economy but president Obama's message of fighting global warming.
May -- falling a bit on deaf ears Fox Business senior Washington correspondent Peter -- is live in Italy with the latest good morning Peter.
Hey good morning -- while climate change still is the big fight here day to the G-8 summit the president and the other G-8 leaders.
Just wrapping up a meeting with the so called G five developing countries China India Mexico Brazil and South Africa.
President Obama and the other G-8 leaders continuing to try to make progress on a global deal of some kind.
To stop the global warming to cut global greenhouse gas emissions win.
These developing countries China India and the others because you know what.
If we can't get them on board might as well not do it because they are becoming the dominant -- -- of carbon of carving gases and they so far have not agreed.
To any kind of -- global deal here they fear that in part.
Aggressive targets for cutting greenhouse gases could hurt their economies as they'd try to become developed countries industrial countries and they are among other than some other things seeking financial assistance.
And technology assistance from the industrialized nations to try to help them move forward.
On some kind of carbon -- plan and the president will be a chairing another meeting on this issue a big big meeting with -- -- -- about seventeen countries later this afternoon and also some headlines coming out of this G-8 plus G 5 meeting this morning sources telling Dow Jones that the G-8 G five may hold trade talks.
Early trade talks before the big G -- meeting.
In Pittsburgh in September -- their stateside.
And they hope that that will help start set the stage for restarting.
The giant round of global trade talks that have been stalled out for the last couple of years here the so called -- -- around.
Which involves all countries and also the according to sources such on the did telling Dow Jones the draft declaration.
Out of this meeting this morning were over well -- Urge countries to refrain from devaluing their currencies to try to promote exports and that's something that China of course has been accused of doing -- that's the latest from here back to you.
Hey Peter I understand that the app president got a special guests from the Brazilian president this morning what exactly did he get.
They have bilateral meeting this morning -- pres Obama and president Lula da Silva president president Lou I everybody calls them.
President little presented President Obama where they signed soccer Jersey okay signed by the Brazilian soccer team in the back story on this.
The US made it to aid big international soccer tournament much to everybody's surprise the confederations cup in South Africa the US team shocked everybody.
By getting into the finals -- Brazil was ahead to zero in that final game but the Brazilians.
Came back and won the match three to two.
The Brazilians won the trophy cup the Americans.
Get assigned Jersey the president morning president of the President Obama warning president Lula that the next time the Americans are not gonna blow a 20.
Lead so little fun -- this morning from one of these --
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