good morning, it's friday, july 8, this is your "a.m. wake up call," i'm christine romans live from new york. where is ali velshi? he's waiting for the final count down. this time it's real. nasa tells us at this moment space shuttle "atlantis" is fueled up, astronauts getting final medical checks, the final launch for "atlantis," the final

launch set for this morning. you this is it, guys. bad weather could turn today into a big tease, we're hoping not but maybe. there's a 70% chance of bad weather so it might have to wait, then velshi waits. the jobs report due out in a few hours. we expect it to be a lot better this time. cnn money predicting 125,000 jobs were added to the economy last month. adp, the private payroll company, yesterday said it counted 157,000 job added in june. both of those numbers blow away the figure for may. only 54,000 jobs created. remember, it takes 150,000 new jobs just to keep up with population growth in this country. we're also expecting the jobless rate to drop maybe a notch from 9.1% to 9%. of course, jobs, the economy, very political these days, right? president obama, congressional leaders are meeting again sunday to talk about raising the debt

ceiling and cutting the deficit. the president has put social security and medicare on the table for changes. and he's hoping republicans will in turn support some tax reform. all this politically risky stuff. but obama says both sides are still far apart. here's the proof. >> i've also made clear that we are not going to raise taxes on the american people. we're not going to raise taxes on the very people that we expect to reinvest in our economy and to help grow jobs. >> we do not support cuts in benefits for social security and medicare. any discussion of medicare or social security should be on its own table. >> the country, of course, faces potential default on august 2. if congress can't agree on a deal to raise the legal limit on government borrowing. senate majority leader harry reid has said this deal needs to be done by next friday, next friday, to give congress enough time to draft and pass it before

treasury has a bunch of bills to pay the beginning of the month. remember, 38 cents of every single dollar the government spends is money that's borrowed. if you can't borrow more money, the government can't pay its bills. the u.s. military reports two american service members have been killed in central iraq. their names and circumstances of their deaths haven't been released. in june, 14 u.s. troops were killed in iraq in combat situations. that was the deadliest month since 2008. a texas fan who tried to catch a baseball fell over the rail at the rangers ballpark and died from his injuries. a tv camera recorded the fall. please look away now if you don't want to see this. an oakland player fouled off a ball in the second inning, a texas player grabbed it. threw into the stands. the man who went for it fell about 20 feet on to the concrete below. his young son was with him at this game. this happened nearly a year to the day after another fan at the very same park fell as he went for a foul ball. he survived.

here's one quick mention -- one quick mention of casey anthony this morning. she's going to spend four more days in jail than originally planned. last night orange county, florida, officials changed the date for her release to july 17. that's a week from now. she was sentenced to four years in jail for lying to police, but she got credit for time served already. she was awaiting trial, of course. one of the prosecutors has said he's retiring today or tomorrow. he had a parting thought on his final case. >> i don't think there's anything i can redo, quite honestly. as i've said if the very beginning, if anybody could find a rational, reasonable explanation for why you put duct tape on a child that died by accident, then i'd love to hear it. we didn't hear it in court. but that was the jurors' decision to make. with all due respect to them, i do think that that was an issue that really hasn't been explained. and never was. all right. stock futures flat in premarket

trading. the dow and nasdaq up a few points. the s&p 500 down less than a point here. watch them closely today. the dow and s&p are within a hair of the highest levels since 2008. the nasdaq is close to its highest numbers in nearly 11 years. a good jobs report, maybe that could give the markets a boost. right now let's see how all the money is affecting -- how all of this is affecting money overseas. kristi lou-stouts in hong kong. good morning. >> reporter: good morning, christina. tokyo stocks closed at a high on friday. it's been a positive day in judiciary with decent gains across the -- in asia with decent gains across the board. we may be seeing lingering optimism from thursday when the ecb said it would still use portuguese debt as local collateral despite its rate having been cut. back to you. >> let me ask you about the

newfangled, high-tech way for people to shop for groceries in asia in absenta. this seems so easy and high tech, it's confounding. >> yeah, it shouldn't come as a surprise it's coming from south korea. the perfect testing ground to launch a virtual supermarket. it's virtual, not a physical store. there are no actual goods on the shelves. this entire thing is called home plus, and it shows consumers pictures of the groceries. and then consumers can use a mobile phone app to take pictures of the products they want. they can check out, purchase them on their mobile phones. later they'll receive the groceries at their doorstep. so far 10,000 customers in seoul are using the service. pretty cool. >> it is really cool. all right. so quick, instant dpratification. all right -- gratification. all right. and you heard about this $200,000 picasso stolen from a gallery in san francisco. we're happy to report that the stolen painting has been found.

and the suspect put in jail. not really a painting, it was a drawing. the alleged thomas crown wannabe -- a sketch. he's some guy from jersey. he's not even from california. he's from jersey, gets on a plane, guess to california. according to police he walks into a gallery, walks out with a $200,000 picasso sketch. he's being held on $5 million bail. >> i like how you call him -- he's a thomas crown wannabe. he's absolutely not a thomas crown. first of all, he's caught on tape, video camera. secondly, he takes a taxi after he steals the painting. that's easy to track down. this guy is no thomas crown. he's a bad art northeast, but he has good taste. a beautiful etching. >> this is true. he does have good taste. ♪ >> during "the thomas crown affair," i don't think the bar had surveillance cameras next door. maybe thomas crown could have been foiled by that, too. we'll talk to you in a few minutes. meanwhile, weather, reynolds

wolf live from atlanta. wow, 5:07 in the east. and we're watching "atlantis" and whether there will be a takeoff today. >> i'm watching the story you reported on, like the guy walking out with a trapperkeeper. crazy. and flight delays, doesn't matter where you sit, there will be delays in miami, tampa, atlanta. same with new york met rows. d.c. metros, late day thunderstorms might keep you on the tracks for an hour. same in memphis and cincinnati. the same thunderstorms may keep the shuttle on the launchpad. here's the reason why. you see the area of low pressure, the tropical disturbance drifting up toward tampa. as it does so, more cloud cover, with that scattered showers and storms. could see storms across the northern plains, too. for kennedy space center, shuttle atlantis, 82 the temperature. wind out of the south-southwest

at 12. again, it doesn't look good. we'll have more on travel if you happen to be staying in this atmosphere and of course for the guys taking off into space. that's coming up in a few minutes. >> all right. stick around for this. i need you to be honest. do you like to cuddle? to cuddle? ? it's a family show. you know what i'm saying? >> to cuddle, cuddle? >> yes, we're all humans. >> yeah. here's a new statistic. men are three times happier -- men -- three times happier in their relationships when there's a lot of kissing and cuddling going on. that's according to a survey by none other than the kinsey institute. of course. >> bring it. that's what i'm talking about. >> researchers talked about 1,000 couples, middle age and older, in long-term relationships. men are happier when they cuddle. there you go. >> i admit it. definitely. we're all cudlers. more cuddling the better. you can't be angry and cuddle at the same time. angry cuddling doesn't work. >> never go to bed mad. that's all i have to say. thanks. before we go, take a guess at which former president said this -- "even albert einstein

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get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now. 13 minutes after the hour. before the break, we asked you which president said, "even albert einstein couldn't fill a $3 trillion hole with $800 billion." according to the "washington post," bill clinton was talking to students at the campus progress national conference when he told them what president obama is up against in the deficit reduction fight. the group he was talking to are liberal activists. british prime minister david cameron calling for two inquiries in the wake of the news of the world phone hacking scandal. a full public inquiry to what happened to the paper and a second panel looking at the broader british press this. comes as the fallout reaches into cameron's inner circle.

former director of communications, andy coulson, expected to be questioned by investigators today. he had been an editor at "news of the world." and the labor leader says the prime minister made an appalling error of judgment in hiring coulson. the paper is printing its final edition sunday aimed -- this is all amid claims it hacked into the voicemails of various people. people including celebrities, politicians, terror victims, even a murdered teenager. a man accused of murdering a 75-year-old south dakota woman says he schemed to assassinate president obama. 41-year-old james mcveigh is being held in wisconsin for a mental evaluation after telling officers and reporters that stabbing the woman of his first step in the assassination plot. he says he wanted to steal her car, kicking off a murderous multistate roadtrip that would eventually end in d.c. with the death of the president. the secret service says it's been aware of mcveigh since 2009. and the "boston globe" is reporting that before president obama was born, his father

talked about giving him up for adoption. now the article says that barack obama sr. told immigration officials back in 1961 that he and his then-wife were planning to give the baby away. relatives say they never heard anything about it. a writer, sally jacobs, says it's possible that the elder obama was a kenyan native, of course, just saying this to immigration officials to appease them as they were questioning his marital status as a sophomore in college in hawaii. all right. tim farley's here, host of "morning briefing" on sirius xm radio live from washington. good morning, tim. look -- >> good morning. >> you got a lot of hard work, we hope, going on between congressional and white house staffers. they'll be working trying to hammer out a deal to reduce the deficit, extend the debt ceiling. this after the president met with top congressional leaders yesterday and reported some progress. what does progress mean in this big fight? they've been pretty entrenched up until now. >> yeah. they've agreed to meet again. that's progress, i guess. i think one thing that's a

little wild card here is we do have the minority leader, nancy pelosi, meeting privately with the president, although the vice president's guidance says he, too, will be in the meeting today. she has drawn a line in the sand when it comes to entitlement reform. if you listen to the cut you played, she said there's a moment we're not going to cut medicare benefits which might mean payments to doctors might be something on the table. that said, it's entitlement versus tax increases. democrats versus republicans. the question -- can you make a camel out this horse. i'm not sure we can see the way forward on that. we'll have to wait and see. >> i'm sure it happened to you, too, but yesterday i was bombarded by progressive and liberal groups saying medicare and social security must be off the table. those things must go separately or the president's not going to get our support. what's the president going to do? i mean -- what are liberals supposed to do in the end? are they going to support a republican candidate? i don't think so. >> yeah, we just have to look and see where this is. there's a lot of things on and off, but nobody can seem to find the table now. >> right. let's talk quickly about the

jobs report. you know, this -- if it's a good number, does it -- does it help the president today? >> well, it's all going to be where we are a year from now. i think what's -- everyone talks about that 7.2% number that no president has gotten re-elected, if that's the unemployment rate. i don't know that that's going to hold. it's more a question of which direction we're moving, and the perception of the american public now. and you followed these numbers as much as anybody. you know that 9.1%, 9%, not that big a difference. it's a continual direction. not the single photograph, it's the dominoes as we move along the graphic. we'll see. >> thank you very much, talk to you again soon. thanks. all right. washington, you know, can't get it together on raising the debt ceiling. apparently jay leno tried to see if he could do better at least for his personal account. listen -- >> i was on the phone with visa all day trying to get them to raise the debt ceiling on my credit card. they wouldn't do it. controversy over a new

lottery game. prospective parents buy a ticket, get the chance to win thousands of dollars toward expensive fertility treatments. some call it win a baby. is this ethical? before we go, it's friday, july 8, which happens to be video game day. to help you wrap your mind around how massive the video game industry is according to the game report of 2011, the gaming industry made $67 billion last year. $67 billion. expected to hit maybe $74 billion this year. money and video games. us massage you can do this... get the ball, girl. hmmm, you can't do that. but you can do this. bengay pain relief + massage with penetrating nubs plus the powerful pain relief of bengay. love the nubs! the authentic, the rare, the hard to define. to those always searching for what's pure and what's real from we who believe we know just how you feel.

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it is 21 minutes after the hour. here are three things that you need to know today on your radar. the june jobs report out at 8:30 this morning eastern time. we'll find out how many jobs were gained and lost last month. looking for a net gain of maybe 125,000. plus, the president meeting with minority leader nancy pelosi this morning at 10:00 in the oval office of the white house. they're talking about the debt ceiling deficit negotiations and some controversy among democrats about whether social security and medicare are on the table. the final space shuttle launch scheduled for 11:26 eastern time this morning. they have just finished fueling the shuttle. you'll be able to see it live on cnn and on line at live.cnn.com. around the world now with monita rajpal live from london. good morning. the u.k. phone hacking scandal, i was listening to prime

minister david cameron calling for two inquiries addressing the nation and his former director of communications to be questioned today. this scandal continues to spiral. >> absolutely, christine. there are two major developments this morning here in the british capital. one, as you mentioned, the british prime minister's former director of communications or his right-hand man at the time when he was hired is now, we understand, at -- at central london police station where he is being questioned on whether or not what he knew about this phone hacking scandal, that centers around the "news of the world" newspaper, where he was a former editor and whether or not he had any direct involve. in this scandal -- direct involvement in this scandal and itself. as you said, "the news of the world" announced yesterday it will no longer be published as of this sunday. it is a british institution, around for 168 years. the fact that it will be shut down has come as a shock to many

in this country. the second development this morning here in london is the british prime minister who held a news conference and is speaking as we speak now, he's continuing to answer questions from the press. he announced two inquiries. one a follow public inquiry into the scandal, the phone hacking scandal as it is. and second, an inquiry into the ethics of the british press. of course, a lot of questions are still being asked about the people who are in the upper echelons of news international and news corp. news international, the british arm of rupert murdoch's news corp. rebecca brooks, editor of "news of the world" when this phone hacking situation, scandal had happened. and along with andy coulson, she is a close friend of the british prime minister. so now many people are asking questions about whether or not david cameron himself knew what was going on. christine? >> unbelievable. i guess it wasn't good,

old-fashioned shoe leather after all for the amazing scoops. stick around and weigh in on this one -- britain's launching a controversial lottery next month that's been dubbed "win a baby." the prize -- not a child but fertility treatment worth about $40,000. critics say this is inappropriate. it is demeaning. but the gambling commission has already okay'd the contest. >> it was announced yesterday that the charity called to hatch announced this lottery, this raffle if you will, for about $35 or $40. you can buy a ticket that will entitle you to some $40,000 worth of fertility treatments. just to give you an idea, though, people who are under the national health service system here may have to wait up to five years to be even screened if they're eligible. so, you know, they're -- there are pros and cons to this. >> right. i guess $35 for the chance at $40,000. i don't know. monita, thank you. a second man accused of

hacking at&t servers and ipad users facing conspiracy charges. 25-year-old andrew arnheimer was indicted for his alleged role in the january hack. his co-defendant, daniel spillter, pleaded guilty to similar charges. the justice department says they're part of a hacking group whose victims include new york mayor bloomberg and chicago mayor rahm emanuel. a judge has decided ton stand in the way of amazon for using the term app store. apple says they're infringing on a trademark, but amazon argues the words are generic. and flyers not happy with airlines. more customers soundsing off to regulators about mishandled bags, rude employees, flight delays, the issue. the transportation department says it got 1,062 complaints in may, up 20% from the month before. the biggest offender, american airlines followed by delta and united. no word on how many

under-the-breath curses the industry gets. a jolt of good news for electric car enthusiasts. two new cars, the tiny -- how do you say this, guys? a scion, i think, the i.q. going electric, getting about 65 miles per charge. toyota says dealers can expect it on showroom floors next year of then there's the ford focus electric, 2012. the first all-electric car for the company. you can expect it to get 100 miles on a full charge. it's 26 after the all. coming back in two minutes.

good morning. it's friday, july 8. this is your "a.m. wake up call," filling in for ali

velshi. i'm live from new york, ali velshi is in new york where he will be watching the "atlantis" liftoff. six hours to go before the final liftoff. the beginning of the end of nasa's shuttle program. you see it on the launchpad. you know how these things go -- bad weather could scrub the big moment or delay it. a 70% of bad weather. the historic moment might have to wait. as it is now, all vms go. once again -- systems are go. once again, launch at 11:26 eastern. they have finished refueling. a man accused of murdering a 75-year-old south dakota woman says this was part of a sdeem assassinate president obama. 41-year-old james mcveigh is being held in wisconsin for mental evaluation after telling officers and reporters that stabbing the woman was his first step in an assassination plot. he says he wanted to steal her car, kicking off a murderous road trip that would end with the death of the president. the secret service says it's been aware of the plan since

2009. and the nasdaq is close to its highest numbers in nearly 11 years. the good jobs report that many are expecting in a couple of hours, it could give markets a boost. and this good news on the jobs front -- ford hiring 1,800 workers at the assembly line in louisville, kentucky. they'll be making the new ford escape suv because the company expects a lot of people to apply for these jobs, the lottery system will be used to select job candidates. the obama administration trying to help people who have lost their jobs and risk losing their homes at the same time. a program will let them postpone some or all of their mortgage payments for a year or longer. right now government programs only allow for a few months of mortgage relief. obama has admitted his housing programs to date haven't done as well as he had hoped. this is a new try to push off the mortgage payments for people who don't have work. a huge scandal playing out

in london. started with allegations that reporter at "the news of the world" tabloid had hacked into people's phones. now the newspaper is shutting down altogether. the prime minister is calling for changes in how britain's press operates. he's also on the defensive. dan rivers is with me now from london to explain all this. dan, this story gets more unbelievable and more salacious us on -- ironically more salacious by the minute. >> it is. you've got several strands to the story. the biggest, most shocking in the last 24 hour is the paper behind me, "the news of the world" is going to close down after 168 years in business. it is the biggest selling english language newspaper in the world. and it is a journalistic institution here. one that has been at the center of this storm over phone hacking, hacking into private individuals' cell phone message systems to get stories. and more and more revelations came on, the more backlash

against "the news of the world." the former editor, andy coulson, was taken on as a communications guru by the current prime minister, david cameron. he's been speaking in a press conference, cameron, repeatedly asked about the decision to take on andy coulson. coulson was forced to stem down not only from -- step down not only from this paper but from number 10 downing street because of the slew of allegations. that their is becoming an acutely embarrassing episode for david cram ro-- cameron, admittg it was his decision to keep on andy coulson. questions keep on coming about why he agreed to take him on. surely he realized that coulson must have known about the phone hacking. andy coulson himself is at a police station in central london at the moment we understand, about to be arrested. >> you know, i heard lord prescott earlier saying this is like closing down the factory and all the factory workers and owners go away scot-free. what about managers and what about management and the people who own this company?

>> reporter: well, this is part of the rupert murdoch empire. it is a jewel in the rupert murdoch empire. one of his favorite tideses, "the -- titles, "the news of the world." there are lots of questions about what will happen about the executives, notably rebecca brooks, who used to run the paper in the early 2 00s -- 2000s, she's a close ally of rupert murdoch. he was desperate to keep her, to save her, she's been clinging on to her job amid calls from every political party here that she should stand down. she remains in post and some headlines here saying that murdoch has sacrificed an entire paper to save one woman. >> wow. all right, dan rivers. we'll keep watching. thank you very much. now before we go, the space shuttle "atlantis" poised and ready for takeoff this morning. and as you get ready for work, we want you to get smart. so what do you think the space shuttle "atlantis" was named

after? here are your choices, folks. a ship, a mythical figure, or a star constellation.

♪ sing polly wolly doodle all the day ♪ ♪ hah

38 minutes after the hour. before the break we asked you this question about the space shuttle "atlantis" -- what was she named after? a ship, a mythical figure, or a star constellation? the answer, guys, is a ship. "atlantis" was named after a two-masted sailing ship operated for the woodshole oceanographic institute from 1930 to 1996. bet you didn't know that, sam feist. washington political director for cnn. let's talk about the jobs report, you could have a 9% unemployment rate, maybe it stays steady at 9.1%. look, that's a pretty uncomfortable number for the white house. how are these going to -- i

mean, how is that going to play out over the next year and a half if the numbers don't come down? >> good morning, christine. the jobs report is important. it's the most important thing they'll be looking at at the white house today. the number-one indicator to watch in the 2012 general election is just that. the unemployment rate. you know, there are plenty of political strategists who say it doesn't matter who's elected, unemployment is stuck at 8.5% or 9% next november, if you have a high unemployment rate, barack obama could be in an awful lot of trouble. so that's what they're paying attention to. and -- you got to believe that this afternoon, actually this morning, republican candidates are going to trip all over themselves to put it out -- at 8:31 to tell the american people about how they're going to solve the problem and fix the economy. so it's -- >> yeah, i have no doubt the releases are written and there's two versions. both of them have basically the same. yeah. it's -- interesting, too, because i think that romney came out, candidate romney came out hitting the president on jobs, jobs, jobs.

and the white house really needs to position itself to say, hey, look, it's not the president's fault that the number is 9.1%. that's the -- the view from the gop is let's tell america that the reason this 9.1% is because of the president, not that the president has done a good job mitigating it. >> that's right. i mean, for two years the president has tried to make the case that this is really not his fault. this is the george w. bush economy. and two years in, he's still able to get away with that to some extent. polls show. but i'm not sure that six flths now, a year from now he'll be still be able to make the case that the economic problems, unemployment rate, are still the fault of president bush rather than barack obama who's been at the helm for -- will have been at the helm for 3 1/2 years. >> i know. so much bipartisan love to bring to the debt negotiations, isn't it? you know that they -- sam feist, thank you very much. talk to you soon.

it's 40 minutes after the hour. almost 41 machines aftinutes af hour. today the final space shuttle launch scheduled for 11:26 eastern time. you'll see it here and live@cnn.com. plus, the president is meeting with house minority leader nancy pelosi this morning. 10:00 in the oval office. they're talking about the debt ceiling and deficit negotiations. and prince william and his new bride catherine scheduled to land in california around 6:00 p.m. kate's first time in the united states. all right, a texas fan who tried to catch a baseball fell over the rail at the rangers ballpark and died from his injuries. a tv camera recorded this fall. this is tough to watch so please -- this is your chance to look away if you need to. a texas player had grabbed a foul bag, threw into the stands. the man who went for it fell -- tragically, about 20 feet on to the concrete below. another fan next to him tried to grab him but couldn't hang on. the man's young son was next to

him when he fell. two north korean women players have been provisionally suspended from the world cup after they failed doping test. the world of football's governing body says the two were prevented from playing in north korea's match against colombia, the colombian player was also suspended for failing an out-of-competition test. both teams failed to advance to the finals. you've heard the phrase age ain't nothing but a number, but a perfect setup for this story. meet charles ross of conyers, georgia. a u.s. track and field champion, celebrated decathalete. did i say he's 88 years old? ross took up running when he was 70. he's also a high jumper and pole vaulter. he runs a mile in a little over ten minutes, but what velshi does. at the national competition he won eight gold and five silver medals. ross says he hopes to be competing when he's 90. wow. it's crunch time for the nfl labor deal.

negotiators for players and owners met for 12 hours yesterday trying to end the four-month lockout within reach. not a lot of down time. they're supposed to be back at it this morning. we have a report from "sports illustrated" live from new york. wow, welcome to the program. good morning. and how much closer are we to finally ending this thing? >> reporter: good morning, christine. we are closer than we've ever been. a terrifying thought. a lot. pressure on the negotiators. pressure in a manhattan law firm right now, roger goodell and union chief smith have finally sat down after a week of negotiating by the lawyers, tinkering with language of a new potential collective bargaining agreement, and now the big boys are finally talking about the $9 billion question which is how do you divide a $9 billion revenue stream which is the nfl's profit margin, between owners and players. and finally, the clock is ticking. today looks to be the most important day of this whole

four-month saga. they're all sitting down now to hopefully hash out a provisional plan before the weekend. and nfl fans are basically praying over their schedules now, hoping something can get done before the weekend. >> right. not much longer, and usually we're starting to talk about the -- the camps. what about the emotional toll on the fans? what kind of damage could a lockout do and has it already done? >> reporter: yeah, around this time, nfl fans are packing their cars. training camps starting in about two weeks. and you have preseason games coming up, too. here's the important thing about the nfl, christine, that people need to realize. the nfl is so far and away america's number-one most favorite sport that demand for this game is pretty elastic even through a battle between millionaires and billionaires. so at this point, a lot of fans are disgusted with how this has gone. they want to see the games. they want their favorite sport back. the thing is these owners and players also know that they have fans in their pocket.

and so while everybody wants to see something done, fans are going to be back to the game as soon as we have the games on television again. as soon as they have their lives back in order when it comes to sports. they don't want to test it much longer. fans will be back when the nfl comes back. >> all right. thank you very much. really nice to see you. drop by again soon. hopefully they'll get this resolved. maybe we should switch the debt ceiling people in washington with the nfl lockout people. maybe they can get it done. thank you very much. >> might be a good idea. before we go, a quick glimpse at this day in history. july 8, 1947. reports are broadcast that a ufo crashlanded in roswell, new mexico. the debate over whether an alien spacecraft actually landed -- it still continues to this day even though there's quite a bit of evidence suggesting that there might have been some activity at area 51, you know, from the u.s. government. many believe it was a government cover-up. it's still fun to talk about. right now, all over the country discover customers are getting five percent cashback bonus at the pump...

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good morning, it's friday, july 8. this is your "a.m. wake-up call." christine romans joining you live from new york. around the world with monita rajpal live from london. the u.k. phone hack scandal, wow. prime minister david cameron calling for two inquiries and his former director of communications being questioned as we speak. >> yeah, those are the two main developments taking place in the british capital this morning. there are so many threads to the

story, but let's focus on the two development this morning. the former editor of "news of the world," andy coulson, british prime minister david cameron's former director of communications, is currently at a central london police station answering questions about what he knew about the phone hacking situation that took place while he was editor at "news of the world," and when he had direct involvement in the scandal. he will be asking questions of that, as well. there are -- there are expectations that there may be other arrests of senior journalists at "news of the world." we will wait to hear what happens there. the second development is that the british prime minister also held a news conference this morning, and he called for two inquiri inquiries. one a full -- public inquiry into the scandal. the second, an inquiry into the ethic of the british press. this is what he had to say. >> this is a wake-up call. over the decades, on the watch of both labor leaders and conservative leaders, politicians and the press have

spent time courting support, not confronting the problems. well, it's on my watch that the music has stopped. and i'm saying loud and clear that things have got to change. >> well, there are still many questions that he did not answer which he was asked about -- whether or not his support for rebecca brooks, the other former editor of "news of the world," and the current chief executive of "news snirnl." he said if he would have offered the resignation if he would have accepted it. many are wonder being his judgment and what -- wondering about his judgment and what will happen in regards to his prime ministerialship. and now a historic moment about to happen in hours. the final launch of "atlantis," after 30 years this is it. astronaut are eating breakfast now. you can't make history on an empty stomach. the trip into space set for

11:26 a.m. you know how these things go, bad weather, could turn today into a big tease. there's a 70% chance of bad weather. the moment might have to wait. let's talk about the jobs report due out in less than three hours. cnn money predict 125,000 jobs added to the economy last month. adp counts 157,000 new jobs added in june. both away the 54,000 job figure that we had in may. we're also expecting the unemployment rate to drop a notch from 9.1% to 9%. president obama and congressional leaders will meet again sunday to talk about raising the debt ceiling and cutting the deficit in return. the president has put social security and medicare on the table for now and wants republicans to support some tax reform. obama says both sides are still far apart. here's how -- the proof. >> i've also made clear that we are not going to raise taxes on the american people.

we're not going to raise taxes on the very people that we expect to reinvest in our economy and to help grow jobs. >> we do not support cuts in benefit for social security and medicare. any discussion of medicare or social security should be on its own table. >> the country faces a potential default on august 2 if congress can't agree on a deal to raise the legal limit on government borrowing. senate majority leader harry reid said the deal needs to be done by next friday to give congress enough time to draft it and to pass it. here's a quick note about casey anthony. she'll spend four more days in jail than originally planned. last night orange county, florida, officials changed the date for their -- for her release to july 17. she was sentenced to four years in jail for lying to police, but she got credit for time served. one of the prosecutors has said he's retiring today or tomorrow. he had a parting thought on his final case. >> i don't think there's anything i can redo, quite

honestly. and as i've said from the beginning, if anybody could find a rational, reasonable explanation for why you put duct tape on a child that died by accident, then i'd love to hear it. we didn't hear it in court. but that was the jurors' decision to make. but with all due respect to them, i do think that that was a -- an issue that really hasn't been explained. and never was. all right, good morning, reynolds wolf, if anybody's listening to you and heading to the airports, they'll want to hear about flight delays. >> that's right, if you happen to be going to interest somewhere in the south, departing to tampa, you may be going nowhere for a while. there are major delays due to a growing tropical system well south of florida that is making its way up toward central florida into the spacecoast. if you happen to be this, look for a flat screen, watch cnn, get a beverage of your choice, whatever it might be. and just enjoy the show this afternoon and through the

morning also. also look for delays in new york, d.c. metros, memphis and cincinnati. the same reason those thunderstorms popping up. could see storms across the upper midwest. for any of your regional airports, especially in lincoln, nebraska, anywhere in the dakotas, you'll have backups there. also a chance of thunderstorms in places like sky harbor airport in phoenix and also possibly some from d.c. clear down through memphis, tennessee, and into places like nashville. that is the latest. let's pitch it back to you in new york. >> it's funny that you mentioned beverage of your choice. there's a pet shop here in new york that's taking a stand. a store in the west village within walking distance of a bunch of bars. booze hounds were buying real hounds on drunken impulse. then sobering unand realizing they -- sobering up and realizing they didn't want a dog. imagine being drunk and buying a pet. >> insane. you got it keep the puppies away from the margarita machines. it gets crazy. the morning and afternoon hours, nuts. >> keep the puppy owners away from the margarita machines. the store has banned drunk puppy

buying. wow, that's waking up the next day with a surprise. thank you very much. from the margarita machines.

58 minutes after the hour. here are two things that will be on your radar today. the june jobs report comes out at 8:30 eastern time. we'll find out how many jobs were created in the economy last month. the final space shuttle launch is scheduled for 11:26 eastern time this morning. you'll be able to see it live here on cnn and on line at live.cnn.com. as stock futures are flat in premarket trading, the dow and nasdaq up a few points, the s&p 500 down a few points.

watch them closely. the dow and s&p are within a hair of their highest levels since 2008. and the nasdaq is close to its highest numbers in nearly 11 years. right now we'll see what's happening with money overseas. good morning, kristie. >> reporter: good morning, tokyo stocks closed at a four-month high riding hopes for a u.s. economic recovery. it's been positive in stock markets in asia with decent gains across the board. european markets appear to be mixed. it appears it may be brushing off the central bank's .25% interest rate hike. back to you. >> tell me, what is it that jp morgan did that cost it $228 million? >> it is settling a bid-rigging case, and it did not get off easy. jp morgan will pay, as you said, $228 million to settle claims that its securities unit which has since been closed rigged the market for municipal bond derivatives. the charges covered at least 93 transactions in 23 u.s. states