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tv   CNN Newsroom  CNN  June 26, 2011 11:00am-12:00pm PDT

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[ waves ] >> i find it rather soothing. the correct answer to the gps challenge question, c s the original u.n. charpter is stored in the united states national archives in washington d.c., not with the united nations. go to our website for more. thanks to all of you for being part of my program this week. i will see you next week. >> hello, you're in the cnn newsroom, it is sunday, june 26th. firefighters say they are close to containing a 200 acre wildfire in alabama's gulf state park. it began near camp areas and spread quickly because of dry conditions. helicopters have been dumping water and crews have been setting smaller fires ahead of the main fire to try to burn the fuel out. the waters as high as it's
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going to get in minot, north dakota. the river that flows through it has crested at the river high. it could be days, even weeks before some people can get back to their homes. about a third of the city of minot was evacuated. jim spellman was there. any word on how much damage has been caused there? >> reporter: fredericka, just this morning we heard from officials here that about 4,000 homes have flooded. it's really terrible. we're right at the edge of the floodwater in northwest minot, you can see this did he have vase tags here. you don't have to go but a block or two before the water is up to the roof. some people along the edges have been a little lucky, they built sort of sand bags around the homes and they are just hoping that it didn't come up a little bit more and they got a little bit lucky. it ended up being 2 feet less
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than estimations. people have been showing up to take a peek down into the flood area and see how their own homes made out. most of them have found pretty bad news unfortunately. >> it's a somber feeling sitting here, listening to sirens go off and coming back the next day and seeing this, it's disheartening but we'll get there. we're healthy, we'll get there. >> reporter: and unfortunately fredericka, it's the same story all over town, people coming up and trying to get a glimpse and figure out what they are going to do next with their lives. >> i wonder too, jim, they are a lot of folks who want to survey the damage and try to get some sort of papers, anything, in order to get some assistance. have you noticed whether any of the fema representatives or insurance folks have showed up already to help people out so they can start thinking down the road? >> yeah, there's definitely fema
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folks on site here all week. the day before yesterday they announced that fema will allow individual people here, homeowners to seek assistance from them. you know, it's a long process with a lot of paperwork. hopefully people got all of those papers out. it's really difficult -- one of overwhelming things is people show up and they have no idea if they'll be able to rebuild or stay in minot. it's going to be a long process. those people are here and we know they'll try to do their best but it's never an easy process. >> just because they may be able to go back to their homes still no power in many cases and no water safe to drink or cook with. >> yeah, yesterday they instilled a boil water order so people are in difficult conditions and have to now boil the water before they use it. there are a lot of people -- i want to show you one last thing quickly, there are so many national guards here, about 700 and they are out trying to do everything they can to keep
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people safe and to ease this transition, but with 4,000 people -- 12,000 people evacuated and 4,000 homes underwater it's not going to be an easy process for anyone. >> thanks so much in minot, north dakota. let's check in with alexandra steel. people are not out of the woods despite cresting or waters receding. >> it's almost moot that it has crested. it's going to be incredibly slow to come down. it won't move at the same pace. we'll watch it stay well above record stage through even the july 4th holiday. it's going to be weeks before kind of that muddy debris begins to move away. i wanted to give you a little picture. this is the souris river or mouse river. give you a perspective, this red is major flood stage. this line is record stage set in 1881, we're talking about
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centuries old records and this right here, 4 feet above record stage, again centuries old, that 1561.72. that's where it is. look at how unbelievably high. it has crested and has crested through the overnight hours, still at the cresting level but we're going to watch that very slowly recede. yesterday there was an incredible amount of rain that moved through, exacerbated the situation. right now you can look at more rain coming, here are the dakotas, we are seeing rain showers and will until about 2:00, :00 local time. another hour or two. then it will push eastward. then next problem will be, we'll see storms later today and finally begin to clear out for the next few days we'll see sunny skies. then the threat becomes severe weather. i'll talk about where that will be coming up in just a bit. one thing that aggravated this, all of the rain this spring, last spring and even the snow,
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we had incredible amount of snow and they are skiing in california because of this snow. look at this, this was just recently, they are skiing today and yesterday in mammoth and snow capped mountains. this did aggravate and this flooding was a year and a half in the making. it was the snow from the winter, the snow melt, the spring rain and last spring rains too. >> just too much period. thanks so much alexandra. meantime authorities say at least six people died in an amtrak crash in nevada that number could rise again. some people have not been located. amtrak's california zefr was on the way to the san francisco area on friday when it was hit by a tractor-trailer truck at a crossing near reno. the murder trial of casey anthony is expected to resume tomorrow in orlando after meeting with attorneys from both sides yesterday, the judge abruptly recessed the trial
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citing an unspecified legal issue. casey anthony is accused of killing her 2-year-old daughter caylee. and now to presidential politics and a big announcement coming from congresswoman michele bachmann. the minnesota republican will normally declare her candidacy tomorrow in waterloo iowa, she was born there and today bachmann claimed to have an edge in that state. >> part of it is because i was born in iowa and i have a distinct advantage there, i think. also, i think since the debate, people have paid attention and they've recognized that i am very serious about what i want to do because the country is on the wrong track and my goal is to turn the economy around and have joebz created. people recognize i'm serious. >> after bachmann announces her candidacy, she'll kick off a three-day swing through new hampshire and south carolina. the gay pride parade began
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two hours ago. this celebration comes two days after new york governor cuomo signed a law allowing same-sex marriage. take a look at this. do you recognize him? this is billy the kid in the only awe thenty indicated picture of him in existence. well he paid a quarter to have this image taken 130 years ago. yesterday, an old west collector bought it at an auction in denver forget this, $2.3 million. the picture's new owner says he'll display it in small museums. rock legend greg almond reallman revealing a side of himself. get behind the wheel with the man who rocks the race track. >> like to go speeding around this speedway, i'm about to find
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international headlines now, a fresh new wave of clashes and street fighting in syria this weekend. security forces trying to shut down crowds of anti-goost protesters. hum ab rights activists more than 1100 have been killed in the fighting since march. syria's military says more than 400 security forces have been killed. delegates from the african union are meeting again to try
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to hammer out a cease fire in libya. and who is not at the negotiating table? libyan leader moammar gadhafi. they did not specify who if anyone is representing libya. the venezuelan government denies reports that hugo chavez is in critical condition. a spanish language newspaper in the u.s. cite intelligence sources as saying chavez has prostate cancer. they say the president is recovering from surgery in cuba. greg allman has been making music for over four decades but all of those years of life on the road finally caught up with him. in today's human factor, dr. sanjay gupta gives us a peek into his battle with hepatitis c and liver cancer.
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>> rules of the day were don't mess with my wife, don't sit on my harly and do not mess with my -- ♪ >> reporter: rock legend greg allman the good old days were filled with great times and great music, a lot of this at the big house in make con, georgia. >> we thought we should go find us a big huge house, what we called a big huge hippie crash pad. >> reporter: today that big house is a museum, a testament to the allman brothers band. >> every time i look somewhere it brings back a different memory. big tour. >> reporter: he is here for more than a stroll down memory lane, he's taping a public service announcement for merck about hepatitis c, he says he got after years of heavy partying and riskky behavior.
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>> they think i may have got it from an early tattoo. >> reporter: he wasn't diagnosed until more than a decade later. >> i started to get real tired and energy ain't there. >> reporter: for years the virus lived undetected in his system. all the while, doing ir reversible damage to his liver. after ten years of failed treatments, allman developed cancer and needed a new liver. >> put me on the liver list and then in five months and five days they found me a 29-year-old liver. >> reporter: now just a year after the transplant, he is back to touring full-time. >> your energy comes back just a little bit at a time. it's so much better than it was. >> reporter: he still has hepatitis c but he is living with it. while a liver transplant is no picnic, it's much better than the alternative. and he wants to get that message out. >> it doesn't really matter how you get the help c, you got it. and you need to treat it.
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>> reporter: dr. sanjay gupta, cnn, reporting. many members of the u.s. congress are pushing spending cuts while handing out bonuses by the way to their own staff. we'll explain how, why and how big were the checks. n motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. and celebrex is not a narcotic. when it comes to relieving your arthritis pain, you and your doctor need to balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke,
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president barack obama and vice president joe biden meeting tomorrow with republican and democratic leaders to get negotiations on the debt ceiling back on track. the treasury department says congress has until august 2nd to raise the ceiling or the u.s. will start defaulting on its loans. bipartisan talks to address the core problem, the country's growest deficit broke down last week over the issue of tax hikes. >> we've got more revenue than we ever had, spending more than we ever had. we don't have a revenue problem. we have a spending problem. the government is doing things that we can't do well, wasting billions of dollars and we're not going to address that waste and the fraud unless we have to. >> you cannot achieve what you set out to do if you say it's just about cutting. it has to be about increasing
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the revenue stream as well. there are many things you can do in terms of again, special interest loopholes so that the tax code is ram pant -- is just full of. now let me just remind all of this talk about tax cuts in the bush years, the republicans said that tax cuts will produce jobs. they didn't. they produced a deficit. >> as congress debates spending cuts, many members have been giving their staff members bonuses. the checks are as high as $13,000. cnn discovered the payments after taking a hard look at congressional reports. >> reporter: remember the government shutdown debate? >> let them shut the government down. shut it down. >> reporter: at the heart of all of that drama, the news conferences and federal workers scare was a battle over spending cuts. >> washington needs to cut spending. >> let's freeze that.
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that's congressman steve as he and others like congresswoman sheila jackson debated a shutdown, cnn has discovered both of them and dozens of other house members reported giving bonuses to their staff. our three-week long analysis of the expense report shows up to $6.1 million in house staff bonuses. >> $6 million in the big scheme of thing isn't a lot of money. but at the same token they are getting these bonuses while a lot of the constituents of the lawmakers are actually looking for jobs, much less not getting bonuses. >> those bonuses were not easy to find. inside this house expense report, we found items called other compensation. a broad term that could be a bonus or not. so we contacted over 115 offices to ask then we weeded out anything that looked like vacation or sick pay. the result? up to $6.1 million in bonuses
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reported between january and march. 908,000 by republicans 3.1 million by democrats, the rest from committees. before you judge -- >> congressional staffers earn less than their peers. >> jim clyburn agreed. my staff worked extremely hafr, including all nighters and weekends, i rewarded them with an end of year bonuses but these bonuses come at a time when budget cuts dominate debate and handed out by some lawmaker who's say federal workers are paid too much, like dennis ross of florida who actually held a hearing on it. >> our taxpayers can no longer be asked to foot the bill for these employees while seeing their own salaries remain flat. >> that same month he gave his staff a documented $8,750 that looks like bonuses. his staff did not return our request for clarification.
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now, these bonuses, fredericka, came even from the budget focused tea party caucus, they range in dollar amount with some staffers getting under $100. others, we saw lots of that $13,000 number but the very largest bonuses were up to 17 grand. >> pretty significant, thank, so much, lisa. you've probably seen them everywhere, brightly colored and oddly shaped little things called zany bands, you see kids wearing them around the wrists and ankles. tom foreman, visited the creators with their zany ideas. >> on the shipping line, the slap watches are running fast, out the door all day every day. another trendy hit for bis
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partners jim howard and lori monotag. >> we've had up to 200 people at a time working here in our distribution center. >> reporter: their small company is making huge waves in the competitive world of gift items. those oddly shaped rubber bands that kids can't get enough of. when they put the zany bands on the market -- >> the phones did not stop ringing night a day. >> we were missing 700 to 800 calls a day. >> reporter: since then they sold $40 million worth of zan in bands. >> we just sold 50,000 packages today for the middle east. >> reporter: they believe a key to their success is the economic crisis itself. because while people have cut back on buying more expensive items, they are convinced it has spurred the market for lower cost fun products like their watches which go for $20.
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>> it's what's making the economy tick lately. >> we have stores who have said your product kept our store alive. >> reporter: their company has simply put found a sweet spot in the sour economy, sweet enough to support 270 grobz across the country and keep the sales building up every hour of every day. >> it's law in new york, same sex couples can marry. it's a victory for gay advocates all across the country and margaret cho feels very strongly about it. i talked to her today face to face. you'll hear her reaction. as a manager, my team counts on me to stay focused.
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we could've gone a more traditional route... ... but it wouldn't have been nearly as memorable. ♪ top stories right now, new clashes and street fighting in syria this weekend. security forces trying to shut down crowds of anti-government protesters. more than 1100 demonstrators have been killed in the fighting since march. syria's military says more than 400 security forces have been killed. well that right there is one
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sick bird. it's a young emperor penguin that just showed up on a beach in new zealand last week, nearly 2,000 miles from where it's supposed to be in antarctica. it has animal experts scratching their heads. they believe the penguin actually swam there. it has some health problems and vets are doing all they can to keep the bird cold and healthy while they try to figure out exactly what to do next to keep it alive. >> the chairman of the nuclear regular tri commission is in nebraska today. he is there to tour a nuclear power plant threatened by floodwaters. the cooper station is locate the south of omaha. a nuclear plant north of omaha is threatened by flooding as well and that plant will be inspected tomorrow. the souris river is finally cresting at the highest level ever in minot, north dakota. the floodwaters are expected to go back down this evening, but
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that's little comfort for several thousand whose houses are already underwater. here's what one evacuees told me yesterday. >> have you seen your home or heard anything about whether you will be moving back into your home once waters recede? >> well -- you're not supposed to go back into the area but i guess me being me i snuck back in to take a look. and as close as i could get was about three blocks away. i could see the house behind us and i could see our roof. and from what i could assess, i'd say the water is probably about 4 foot into our living room. >> oh, boy. >> our basement is definitely flooding. >> what did you feel when you
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saw that? >> you know, i guess words kind of escape me for what i felt. it's a sense of despair. you just -- it's really maybe a check on some of the things that you hold dear. i mean, my wife was with me, i'm glad my kids were safe. thankful for my family. thankful we do have family here in town and they've been awesome. >> an attorney for casey anthony says he expects her murder trial to continue tomorrow. the judge abrumtly called say recess yesterday but did not explain why. anthony is accused of killing her 2-year-old daughter caylee. the trial was going to be going on for -- or has been going on for five weeks now. what had been planned as an extended weekend workday in the casey anthony murder trial ended
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before it began yesterday morning. yesterday i talked about the trial to legal attorneys -- civil rights attorney avery freedman and criminal defense attorney richard herman and asked them why they thought judge perry decided to cancel saturday's section. >> that's the $64,000 question, my belief was there was certain evidence the prosecution should have turned over. it goes to a material question of what the expert was about to say and therefore because it's a legal issue, we'll never know until the case goes to appeal, which it will. the bottom line is i've heard wild ideas about incompetentance on the party of counsel but the bottom line is fredericka, it probably sh something to do with the failure of turn over evidence. the case will proceed starting at 8:30 on monday. >> it could be anything from maybe there was an unexpected
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witness, maybe it meant a witness is no longer available or could it even be a problem with a juror? >> yeah, it could be a problem with a juror, that's one thing it could be. i don't think it's a witness issue. i understand there were like 15 witnesses in the hallway ready to go today. for the judge to stop everything, this is very serious, whatever it is and avery is right, wild speculation out there. it's very serious for this judge to put this jury back into see squestation for two more days with the july 4th weekend coming up. not good. >> you can catch our legal guys every saturday noon eastern time. this is gay pride weekend in new york city and activists there have plenty to celebrate. new york governor andrew cuomo signed into law same-sex marriage. margaret kmo is an outspoken supporter of gay rights. face to face she told me her thoughts on the new york law.
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>> i think it's time. i think it's time that people realize now -- i think conservatives realize that they cannot legs late morality and cannot continue to discriminate against a group of people in order to kind of fulfill their political agenda, that discrimination can no longer be part of the political agenda. this is what conservatives now are getting and that's why things are changing. >> and do you suppose that with gay marriage, with same-sex marriage being allowed in new york, being the sixth state now, this is going to be much more impactful than the previous five and the district of columbia's acceptance of same-sex marriage has ever been? >> i feel like new york cultural, politically, it's really -- it's really something that effects the rest of the world, not just the rest of the
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country. >> more face-to-face with comedian, actress, author, margaret cho, next month in the cnn newsroom. coming up, a new device measures and tracks your blood pressure from your iphone. that thing does everything, doesn't it? our gaming and gadget expert talks about it next. ♪ flash! ah-ahh! [ male announcer ] that's right. it runs flash. so unlike some tablets we could mention, you get the best of the internet -- not just part of it. ♪ ♪ flash! ♪ ah-ahh! ♪ ♪ flash! [ male announcer ] powerful. portable. playbook. ♪ [ male announcer ] powerful. portable. playbook.
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so perhaps you're trying to
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lose some weight this summer. we have iphone apps designed to help you get rid of the extra lbs and stay healthy in other ways as well. joining me now our own gaming expert, mark saltsman. let's grin with this new device, we're talking about being able to monitor your blood pressure. >> that's right. it's from y games a french technology company best known for a wi-fi bathroom scale. they have $129 gadget that plugs into an iphone or ipad that auto mattically downloads a app for hypertension monitor. you simply unvelcro that cuff and put it on the left or right arm and it gives you thorough instructions and i close it up and plug in -- you can see that typical 30-pin connector, press start and it gives you your
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blood pressure and your heart rate. you can chart this progress. can e-mail to a physician. it will show you in graph formation and you can sink crow nies with other tools. >> perhaps you want to lose weight, what do you have there to assist in that? >> the second app is called lose it. it's a free app and as the name suggests, you set a goal like i want to lose five pounds over six weeks. what it does, it will give you a calculation, what your caloric intake should be. every time you eat something, divided into meals and snacks, you type in what you had and it has a data base of thousands of products, both brand name and small apple or medium sized piece of cake and what the icing was. it will give you the readings and set the goal.
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plus you exercise and it subtracts the calories so you can have more that day. it does set the goals, it's called lose it and it's a great and freeway to monitor what you're eating. >> finally, praptz you want to exercise better and you want to workout smarter, so to speak. >> right. >> how might you do that? >> this is called fitness builder. it's a $10 app that gives you more than 2,000 different exercises and workouts and many videos as well. so you simply. it's like having a personal trainer for your pocket. you can see all right, i want to learn more about weight lifting or more cardio. you see where you are, maybe at home or at gym or a hotel room and it will walk you through various instructions and workouts, some with video photos and built in counters counting down. it's basically meant to be a companion that gives you
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thousands of tools for the $10 app. plus you can buy a premium annual membership and get nearly 6,000 videos and workouts to choose from. it all sink nieses with websites as well. you can keep track of progress. >> no excuses, you brought us things, little something for everyone. lots of incentives to stay healthy. >> wen gadgets and apps and video games, very few excuses these days. >> thanks so much, appreciate it. >> for more high tech ideas and reviews go to cnn.com/tech and look for the gaming an gadget tab. >> better than riding a roller coaster or speedboat, taking a spin in a stock car, face to face with nascar's jason leffler coming up. who's idea was this? i'm actually really excited and i know i'm in great hands. if i'm going to have a first time race car experience, this
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is the way to go. we're in a richard petty nascar experience vehicle. so here we go. let her rip. >> very few butterflies they didn't last long either. i'll go face to face with leffler in a moment. favorite? fight back fast with tums. calcium rich tums goes to work in seconds. nothing works faster. ♪ tum tum tum tum tums
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all right, imagine driving up to 200 miles per hour, 200 times around a race track over a 10-month, 36-race season. that's nascar. two nascar drivers i caught up with face to face tell me that quote, it beats work for a living. before we all sat down, jason leffler, number 38 on the track took me on a spin around the charlotte speedway to give me a more authentic view. >> reporter: when you're practicing, what are you working on? are you working on speed, working on the banks? >> you are working on speed, you're working a little bit of your technique behind the wheel of a car because the track conditions change every day every time you come to a race track. but then the main thing you're working on is the race car, trying to set it up, communicating with the crew
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chief. with you're on the edge and -- you're not looking for seconds, you're looking for tenths of a second. >> reporter: oh, my gosh! that is so awesome. i love it. i so love it. man, why didn't i start out earlier, i could be a race car driver. danica patrick, look out i'm so hooked. you could have competition one of these days soon. i love that. that was great. so how fast did we go? not that it matters because i can feel it on those turns. >> probably going 170 for sure. >> reporter: that is fierce. >> faster than the car wanted to go. >> reporter: it felt good. i liked it. >> i wanted to give you a real
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idea what went on out here. >> reporter: i tried to imagine all of these other cars on the track and how close you like to be to that wall. >> yeah, we weren't even that close to it. i took it up there one time to give you a feel. sometimes you're inches off the wall. you go where your car handles best. >> reporter: i love that. i'm really admiring your job. >> thanks. >> reporter: you got a cool gig. >> beats working for a living. >> reporter: i'd say so. okay. oh, my gosh, i loved that, that was so fun. i don't know how many times we went -- that was another thing i noticed you lose track of where you are, you probably don't. i noticed the threes and fours for the turns maybe -- >> you can, yeah. if you're not used to it, it's easy to get lost out there. who would have thought it is easy to get lost when you're going in a circle.
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>> reporter: thank you so much, jason. what's with the steaming there? >> i think we ran the car a little too hard. >> reporter: we did. that's all right. i got the full experience, full effect. >> we wanted to give you the full deal. >> smoking the engine after 170 miles per hour. jason leffler is not the only kid who dreamed of being a race car driver, joey lugano did as well. i speak with him face to face also about his passion for the sport. >> reporter: what's it like when you look at the fans here, whether it's in the stands or here at the hall of fame? >> it's great. i think it's awesome. we wouldn't be here without the fans. there wouldn't be a hall of fame or joey lug ano, if it wasn't fr the race fans.
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top race car driver, joey logano has loved racing since i was 6. at the nascar hall of fame, he told me how much he bother admires and is inspired by the nascar greats ofyester year.
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>> what's up? it's cool, we walk through here and a lot of fans here obviously. the cool part about this part of the hall of fame, you see the race cars, how they changed from the beginning and walk up the hill here and see how the race cars have changed. all of the champions and stuff in here. it's cool, you have modified down there which is a really neat race car. they still race today and look the same as they did back then. >> reporter: how would that change your driving experience do you think? >> as far as being able to be a different race car? >> reporter: any one of these different cars? >> you always have to be able to adapt. i was able to do it growing up, drive a lot of different race cars and being able to adapt to certain race cars, everyone of these cars are driving completely different than the next. >> reporter: have you ever interested in indy or truck or
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formula? >> you know, racing is racing, i want to drive anything. i love nascar though and stock car racing, that's where the best racing is. >> reporter: what is it like when you look at the fans here, whether it's in the stands or here at the fall of fame. >> it's great. i think it's awesome. we wouldn't be here without the fans. there wouldn't be a hall of fame and joey logano race car driver if not for the fans. >> reporter: does something happen as soon as you get into an arena and see thousands and 170,000 people in the stands, does that kind of give you an added adrenalin rush or make you nervous? do you think oh, my gosh? >> you don't realize when you're in the car, you don't realize there's a lot of people watching you. you go out there and race. >> reporter: you're concentrating on your game. >> but when you get out of the car, i think it's really cool the night race, there's
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something need about it. there's so many fans there. it feels like a stadium and that place is full and they do a national anthem and flyover, you get to see it all and experience and hear the fans. it's so cool. >> reporter: as you walk down and look at the vehicles, you got a favorite orph fantasy rid here? >> richard petty's car, richie evans car, for me growing up in the north, modified racing is huge. to this day i got to drive one before it's the most fun race car i've ever driven. >> reporter: what makes that experience so special? >> the fact they are pretty light. they got a lot of rubber and they've great bumpers on them. if you watch a modified race at the local short track it is the most entertaining race you ever go to. you can beat and bang and cars are tough and they are just fun to drive and really fast. i think it's the best short
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track car you can possibly have like that. >> that because it's complete opposite with the stock car racing where you don't want to bump? that's not objective when you're going 200 miles per hour, that's going to be a wipeout? >> every weekend when we go to the fast race tracks and you can get behind someone making a moves and there's people taking the air off you and really adjusting what your car is doing while you're in there. it's a different way but the same thing is still happening. >> reporter: joey logano thanks so much. one day you and your car will be right in here. >> i hope so. >> i'm not the only one who has questions for joey logano and jason leffler. coming up at 4:00 eastern, they answer your questions you sent to me then at 5:00, the rock stars tell me face to face the keys to their success. a touch, -
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americans took quite a roller coaster ride from wall street to main street. our money team zeros in on the highs and lows. first toal learn chernoff in new york. >> it was another wild week on wall street, the federal reserve
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wednesday lower the its forecast for economic growth. that triggered a sell-off as the dow ee raised its gains from earlier. oil prices tumbled more than 5%, partly because the obama administration agreed to release 30 million barrels of oil from the strategic petroleum reserve. some analysts believe the move will act as a new economic stimulus package. others argue it will only have a short term impact on gas prices. >> gas prices are on the way down but they are still higher than a year ago, as a result of the irs took an unusual step to raise its mileage deduction rates mid-year. starting july 1st, drivers can deduct 55.5 cents per mile instead of 51 cents. tyler and cameron are back at it. they want to reopen the original lawsuit that facebook founder mark zuckerberg stole their idea. a separate suit asking for
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bigger fairer settlement was tossed out in april. poppy. >> thanks so much, alicia, a rocky second quarter comes to rest, the stock market has declined the housing market and has continued to struggle and job growth has slowed. jobs will be the first order of business at the annual clinton global initiative meeting in chicago this week. group hopes to generate some solutions to help put many americans back to work. president clinton will lead the opening session and minnesota governor haley barbour and rahm emanuel are scheduled to participate along with business leaders. fredericka, back to you. >> thank you, ladies and gentlemen. remember, you can get your financial fix every day on cnn money.com. a look at our top stories right now, president obama is getting into the middle of deficit negotiations, he's holding separate white house meetings tomorrow with senate majority

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