we take it on ours. this summer put your family in an exceptionally engineered mercedes-benz now for an exceptional price during the summer event. but hurry, this offer ends august 31st. not having enough time to read your facebook comments. now it's time for kyra phillips.

hey, kiera. >> good morning, guys. great to see you. here's some of the stories that have us talking this morning. nervous investors awaiting this hour's opening bell on wall street. the doll plunged 266 points yesterday for its eighth consecutive loss. trial under way for former egyptian president hosni mubarak. the ailing hue mark could face execution if convicted in the deaths of anti-government protesters. florida watching tropical storm emily as it approaches the northern caribbean. warnings up in haiti and the dominican republic. -- captions by vitac -- www.vitac.com well, the debt deal is signed but the damage is done. our nation's reputation is tarnished, and we're all likely to pay one way or another. alison kosik is looking at the cost to your retirement. george showing how college students will take a hit. ali velshi showing the new

damage and how jobs are thrown into limbo. ali, let's start with you. the markets are about to open and there's mixed reviews on the credit rating. >> yes. and moody's says it's fine with the aaa credit rating. a chinese debt agency has downgraded the united states, not an agency that most people have heard of but as you know the chinese are the biggest buyers of your u.s. debt. most big e investors in u.s. bonds will do their own research, so that's less of an issue. kiera, this is the thirst morning in a row you and i have spoken. they're supposed to have opened up and they've closed substantially low owner the day, which tells me two things. one, we're not oub cessing about the debt deal. it's a lot of mixed economic news out there. this is what the markets did yesterday. look at those? those are big percentage numbers. down 2.2%. 2.6 on the s&p 500.

the dow has closed lower for eight days in a row. we're hoping to break that on the day. it's been a percentage loss of more than 6%. if you're watching your 401(k), take a look at the dow year to date. been a rocky look. take a look at the right side of your screen. not only with the debt debate but the lower gdp numbers, lower manufacturing numbers, lower personal spending numbers. we're very worried about that. on friday, we've got the job numbers which we don't thunk are going to be any more robust. that's all of what we're looking at right now. we could have a flattish opening on the market today burke the question no longer, as you know, kiera, is what happens at the open. it's going be what happens through the course of the day. i can tell you this. it's going be rough in one way or the other. >> in 27 minutes that rough ride is going to begin and we're going to be watching it and talking again. ali, thanks so much. now to the thousands of jobs that are being held hostage by another impasse on capitol hill.

lawmakers left on summer recess without funding the federal aviation administration. now thousands of employees face five weeks without a paycheck and more than billion dollars of tax money all going to waste. ted is in chicago. ted, i think what we're all asking in light of this is our safety at risk? >> reporter: well, the faa says absolutely not because the furloughed faa employees, some 4,000 of them are nonessential, so your air traffic controllers, tsa folks at the airports, they're paid out of a different pot of money. so the faa maintains traveler safety is not at risk at all. however, we're talking about lots of jobs, thousands. not only the faa jobs but tens of thousands of construction jobs because airport projects around the country have been halted. basically faa has been stripped of all its authority so they've had to put a stop work order on

all of its project os. you're talking about 70,000 construction workers not getting a paycheck while this impasse continues. people think it's inexcusable that lawmakers left town without dealing with this issue. take a listen to randy babbitt of faa. >> we're going to suffer a lot of long-term damage. we have billions of dollars in construction money that should be going out the door that's not. this is money that's available. it's simply we can't spend it. >> reporter: and the other tens of millions of dollars that tax pairs are losing is the airport ticket taxes that the federal government cannot collect during this time period. what should we do about this? well, we did run into one passenger here at chicago's o'hare airport who has a brilliant idea. take a listen. >> cut your vacation short, get your ass back to washington, and figure something out quick.

>> reporter: people obviously frustrated with the way that washington is doing business. kiera, at this point, those folks are staying home, not only the faa employees but also all of the thousands of construction workers while there's no deal on the table. >> that's the next question. i mean are we going to see a resolution any time soon? >> well, technically there are proforma days built into the august recess where lawmakers could come back and deal with this issue. but there's no karks at least in the short term, that that is being planned. hour, the pressure is melting with every day on these lawmakers to get something done, stop the bickering and get the faa back in business. >> okay. ted rowlands, thanks. in ten minute world series going to talk to a former federal aviation administration official. we'll look at the cost of the stalemate. okay o. this ought to catch your attention. t

tea partiers are terrorists? did joe biden really say that? jim with the story. what's the deal, jim? >> kiera, the vice president said the other night he did not say that but this kroers came up after a closed door meeting that the vice president held with democratic lawmakers on the hill. he was trying to persuade those lawmakers to get behind the debt deal, and during the meeting, apparently some of these house members expressed the feeling that tea party members of congress had acted like terrorists. the question comes in as to whether or not the vice president actually said that or agreed with him or what exactly he said. he later denied that he said it. but this has made the rounds on the conservative talk shows, on websites. and sarah palin who has a gig at fox news as you know let it rip last night on the hannity program. >> independent patriotic americans who desire fiscal sanity in our beloved nation being called terrorists, heck, sean, if we were real domestic

terrorists, president obama would want to be palling around with us, wouldn't he h? he didn't have a problem back in the day? no, thing if we were all domestic terrorists president obama wouldn't have a problem with us. >> sarah palin going back to an old line she used back in 2008. speaking of palin, she also did not have kind words for mitt romney saying the former massachusetts governor and formal gop front-runner. as you know, a lot of conservative critics said he was ducking that issue throughout that entire debate. >> and, jim, we kind of chuckle because it was referred to as the mittness protection program. he is taking heat for being late in the game. >> tliets. he had his picture put on a milk carton at the daily column,

missing leadership. they push back hard on. this they say the massachusetts governor supported the cut, cap, and bans proposal up on the choil. john hunts man, somebody who has struggled to make some headway in this gop contest he's sharpening his message and going after mitt romney and said to some reporters up in new hampshire a couple of days ago that romney is not displaying leadership. i think you're going to see this becoming a campaign message and campaign issue for john hunts man in the coming weeks. he's going to be asked this question out on the campaign trail, kiera. >> all right. we're be talking about it a lot more. thanks. we'll have your next political update in about an hour. for all of your political news

go to cnn.com/politics. a deadly heed wave has baked texas with hot temps for 32 straight day shoes we're sweltering and we're asking for some relief here. >> lakes drying up, trees withering, and the water supply in one town about to run dry. and a man jumps a fence at the white house. secret service jumps him. and it was all caught live right here on cnn. ♪ [ female announcer ] sweet honey taste. 80 calories per serving. 40% daily value of fiber. i'm here in the downtown area where the crowd is growing. [ female announcer ] watching calories at breakfast never tasted this sweet... i'll go get my bowl. [ female announcer ] ...or this huge. new fiber one 80 calories.

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checking stories across country, man with a back pack jumps the fence. the secret service jumps him. the security breach triggered a lockdown at the white house and it all unfolded live during cnn's "john king, usa" show last night. you want a little extra sugar in your coffee? you'd better be careful what you ask for. a worker got busted for prostitution. her code for her services was to ask for a little extra sugar with her coffee. a huge annual cycling event rolls through iowa. cops with the rules. the dgirl's dade said she wasn' near the event. lawmakers failed to approve full funding before leaving washington. just like the debt crisis, the stalemate has far-reaching costs. 4,000 faa employees now face a month-long furlough, and projects are stopped, putting an

additional tens of thousands of construction workers out of work. and on top of that, the faa cannot collect taxes on airline tickets. that mean 25 million dollars in taxes goes uncollected each and every day. >> i've been around this business a long time. i've never seen anything like this. and i find it appalling candidly. >> mary is a former inspector general for the department of the transportation, she's joining us now via skype from charleston. mary, is our safety being compromised? >> well, short term, no. they will make due with what they have. but these systems are so sonsive and so important that they need continuous maintenance and continuous upgrades, and while it's only 4,000 of the roughly 47,000 employees of the faa, what you have to do is maintain these systems. they're very large computer systems.

the faa has to call some of them back to keep the systems up and running, they will do that. but in the long term it's really are important not to leave gaps in this development of air traffic safety and control. >> bottom line, you're saying the tens of thousands of construction workers, thee are the individuals that do the daily upkeep that plays right into our safety as flyers. >> well, long term, yes. the construction workers don't work for the afaa. the inspections literally are facilities around the world and those help to basically police all of the hundreds of thousands of construction workers, private sector employees, et cetera, who help deliver safe aviation. so short term they'll make it through. but long term we have the problem with new air traffic control systems, next-generation air traffic control system, runway extensions, airport

expansions. all of that make the american aviation system safe. without that, we will soon start to suv sneer wow. we're going to watch this closely. mary, thanks. unrelenting heat still hanging over the nation's mid section in dallas-ft. worth. it's been over 113 degrees. today could be the day that shattered the all time high temp of 113 degrees. ed lave dar showing us the heat its toll. >> reporter: in oklahoma, there's barely enough hay to feed herds of cattle. across these crusty plains, lakes are evaporating, children hibernate, play grounds are silent. they have been baking for more than a month. the sum 20imer of 2011 is a bean of dramatic proportions. if that sounds dramatics, cnn

ireporter susan new kirk knows these are desperate times. this week dallas could break its all-time high temperature of 113 degrees. in dallas the heat haskill 12 people so far. in oklahoma, there've been 11 heat-related deaths. all but six of texas's 254 counties are under a burn ban. the heat and dryness continues spawning wildfires like this large blaze in tulsa, oklahoma. in san angelo, texas, bacteria that thrives in hot conditions has turned this lake red. even strong decades-old trees are withering under the scorching leaves. leaves are turning brown. >> if it loses all its leaves and goes totally brown, it's done. >> reporter: texas lek tristies

is urging people. these ireporters baked chop chocolate chip cookies in their car in just over three hours. >> oh, my god. they're pretty hard. >> the positive side of the heat there, ed. ed joining us live from dallas. you know, on a much more serious note, lakes are drying up. we talk about the trees that are withering and now this town about to run out of water? >> reporter: yeah. this lake has dwindled down to about 1% of the town. this town of robert lee out in far west texas. they're going through dramatic measures to get drinking water to continue flowing into that town. this is a situation they say that in the coming months could result in a national guard having to bring in bottled water for people to drink if they can't get another pipeline of water into that town. >> now, here's what's interesting though. we're talking about the heat and how devastating it could be and still behind you, i'm seeing

joggers. >> yeah. you know this is a really popular biking and running and jogging trail. i was expecting to see at least in these early morning hours a lot more people. this is an incredibly popular track usually packed with people jogging and riding their bikes, roller blag eerblade rollerblading, whatever. i think it tells you a lot about how much people want to stay indoors around here. >> it's amazing that it can reach past 100 degrees tofrmd ed lavendera, thanks so much. ite going be a pretty wild day on wall street as well. we're keeping a close eye on the markets. opening bell just about ten minutes away. we'll be back in just a moment. chronologically i'm sixty years old.

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out there with a better way. now, that's progressive. okay. opening bell less than ten minutes away. alison kos allison kison kosik is at the n stock machines. how are thing s shaping up righ now? >> we're about eight minutes away from opening bell. it looks like we're going to have a higher open because investors are going to be buying

up beaten down stock, and beaten down they were. you look at the s&p 500, it lost all its gains for the years, that's something that most of us watch pretty closely because it's the benchmark for our mutual funds and 401(k) investments. then you look at the dow. it fell 6.7% in the past eight sessions. as far as wall street goes, it's going to want to look for more clues on where the economy is headed. et's going to be looking for a report on the service sector. that's where some of 280% of americans get their paycheck. wall street is going to be looking for growth in that report. wall street has its eye on jobs. we've got an adp showing that 114,000 jobs in the private sector were added last month. it's better than expected, but, remember, adp got it way wrong in june so i'm not sure whether wall street is putting much stock in it at this point. everybody bracing for nothing too hot there, but u if it's anything worse than expected, you can expect a selloff.

kyra? >> we're also paying attention to our credit rating, christine romans. >> we certainly are. moody's has not downgraded it, keeping it aaa, by it's on credit watch negative, which is not a surprise when you see the size of our debt and the political acrimony in washington. still waiting to see as the chinese rating agency did downgrade the u.s., not a rating agency that's a household name and not that much of a surprise, though we watch that pretty clearly because the biggest foreign fire of our huge u.s. debt, the chinese. overall here, there's one big theme. that is you've got the debt deal and a jobs report on friday. and we're going back now, kyra, to this idea that jobs, jobs, jobs are at the center of this. what kind of recovery is this? larry summers, the president's former top money man said we have a one in three chance of slipping back into a recession.

he said the economy is in a stall right here. here are the things we're still worried about, the housing market still a real problem here. what kind of recovery can you have before housing starts to do a little better. you've got a lost decade in housing prices. then you take a look at other things like consumer spending. it's still very, very weak. and where are the jobs? we're not creating enough jobs to really meanlefully move this economy forward. so these are the things that -- above and beyond all else, the debt deal did not solve. kyra? >> okay. ladies, we're all watching. the opening bell ringing in about three minutes. stay with us because we'll all watch it together right here live on cnn. also straight ahead, from the president's "situation room." gripping information revealed in the takedown of osama bin laden. >> it was all in a split second. shoots him once in a chest and then shoots him once in the left eye. he false down, steps up, on the

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south dakota police officer is killed, two others seriously wounded in a shoot-out with a man during a routine shop. it's the first time an on-duty officer has been killed in rapid city since 1985. a bomb squad is called to a house in sydney, australia. they're investigating a suspicious device reported by an 18-year-old girl. they won't comment on reports that the device is attached to the girl. hosni mubarak wheeled into court and put in a cage. he's charged with ordering the killing of anti-government protesters. alison kosik standing by at the new york stock exchange

where investors are hoping for a rebound of yesterday's mass selloff. we have 30 seconds to go, alison. >> it was jaw-dropping. tin dex has actually closed lower, kyra. we haven't seen that since after lehman brothers collapsed. that was almost three years ago. to end up with nine days of losses, the mild post would be much bleaker. that hasn't happened in three years. we are starting to the down side actually. we're down about the three points. we're starting with a flat open as things get rolling. you know, everybody wondering what's got wall street worried at this point. know what the big worry is? the worry is the economic recovery is stalling out. it prompted a chinese agency to downgrade u.s.'s rating overnight and moody's to affirm its rating. it may still downgrade the

country in the future. they're still keeping tabs on what lawmakers are doing. we are now in positive territory, just a bit. kyra. >> just barely there but it's slowly creeping upward, which is good. all right, so let's talk about the other thing that's on a lot of our minds, our credit card rates. >> sure. and you know, this chinese downgrade that christine mentioned earlier, it is getting a lot of buzz but it's important know this is not the chinese government that downgraded our rating. it's one u of these young independent ratings agencies and it's one that's faced a lot of questions. so it may be a less of a factor in the trade today. the moody's outlook, that's a bit more. even though it's credibility was tarnished because it missed financial crisis, what moody's says still carries weight. if the u.s. is eventually downgraded, we could see a rise in rates on our credit cards, but you have to remember with those new credit card rules that went into effect last year, your

credit card provider has to give you a 45-day heads-up before they change your terms. so kyra, you're not going to be looking at your bill next week and be facing a huge rate increase. it only applies to future purchases, not your existing balance. kyra? >> okay. now we're getting out of negative territory there. christine romans, let's keep talking about the u.s. credit rating for a moment, if you don't mind and talk about the impact on the larger economy. >> okay. so our credit rating now seems to have dodged a bullet according to aaa i according to moody is. we haven't heard from s&p. they're not commenting. but this is an issue, kyra, with what's hurting the u.s. economy right now and our overall unresolved debt picture, because it is still unrevolved. we still have unsustainable debts and deficits, these are things that are going to drag on the united states until it ges s

resolved. one of the big things they're concerned about is they've shown such political acrimony that getting together to solve america's big financial problems could be difficult given the climate. that's one of the reasons why they're pessimistic. also, kyra, you just look at the drumbeat of economic news and it's been pretty negative. friday we're going to get a jobs report that shows not enough job creation to absorb new entrance into the work force. so this is the issue going forward. a lot of people -- i'm sure you're hearing this too. a lot of people are saying, wait, i thought this debt deal was going to make things better. it was not a job package. it was about raising the debt ceiling and making first step toward getting our debts and things under control. jobs are different. when you start pulling money out of the system, cutting spending, that will hurt jobs in the near term, kyra. >> point well maechld we'll continue to watch the numbers. christine, thanks, alison, thanks. the good deal is the debt deal

is done. here's the bad news. the hospitals, airports are all facing cuts. if that isn't enough to stress you out, if you have a kid in college, his or her loan could cost thousands of more in interests. what are students telling you, george? >> reporter: kyra, the troukt of the matter, there's still a great deal of uncertainty for what this means for students and really their parents who take out private loans to pay for college like this. getting straight to the point here's what we do know and it's sort of a mixed bag of good and bad for student. first off the debt deal eliminates subsidies. they pay monthly interest for students while they're still in school. that's no longer the case. it could tack on thousands and thousands of dollars to the overall cost. it's eliminated credits for students who pay on time for 12 months. that's gone. the good news in all of this, the $22 billion saved, $17

billion goes to protect pell grants. that's a big deal. for many students, though, these changes are very concerning. >> our students do borrow a great deal of money, probably close to greater than 80% of our students borrow student loans to attend law school and in some cases they're borrowing more than $70,000 per year, so it's already a huge burden on them. >> when i get done with school and have to face repayment of those loans it could affect me to the tune of several,000 dollars. >> i'm totally relying on the financial package i receive and it's very generous. if it wasn't for those packages, i doubt i would be able to come here. >> reporter: if you're keeping up with all of this, it kicks in july 1st, 2012. what happens to prieshts loans that parents take out as we watch to see what happens with the credit rating. kyra?

>> we're watching it, george, thanks. if you're a student or graduated it can be tough to find a job but now is your chance to be soap and third. you can give your 30-second pitch right here on air. tell us why someone should hire you. send us an e-mail to 30-second pitch at cnn.com. you may get a chance to make that pitch right here on "cnn newsroom." we've got new details about the military mission to take down the world's most wanted man. on the powerful c300 sport sedan. but hurry before this opportunity...disappears. the mercedes-benz summer event ends august 31st.

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news for you later today. senators harry reid and rockefeller addressed the shut down. at 2:00 p.m. eastern president obama hold as cabinet meeting. he holds a private fund-raiser on the eve of his 50th birthday.

we are getting some new and rivets detailing surrounding the details of the takedown of osama bin laden. cnn's brian todd had an opportunity to talk with a man. >> reporter: less than 18 minutes into the 38-minute raid came the crucial moment. navy s.e.a.l.s had fought their roy through osama bin laden's compound. they blasted through cage-like metal gates on the stairways. as a small team of s.e.a.l.s reached the third floor, one of them turned to his right. >> you see a tall individual poking his head out of the door. >> reporter: the s.e.a.l. instantly sensed that was bin laden. schmidle's article bases his reporting on sources of special operations officers who had intimate knowledge of the ring. he did not speak directly with

s.e.a.l.s who carried out the mission. the s.e.a.l.s' identities are classified. he writes that when the s.e.a.l.s rush dound the hall and into that room two of bin laden's wives had placed themselves between sooels and bin laden. an account of how the first s.e.a.l. in the room had to act in a split second when he encountered bin laden's youngest wife. >> the concern is that they're wearing suicide explosive vests. so he shoots her once in the calf and proceeds to grab him. >> he holds them there. why does he do that. >> he holds them so if they explode, he'll explode and the mission will go on. >> there were no vests on the women. a second s.e.a.l. entered the room, raised his rifle and

trained a laser on osama bin laden's chest. >> reporter: was there anything said at that moment? >> there wasn't. i asked, i asked. i asked. it shoots bin laden once in the chest. he falls back, shoots him once in the left eye. he falls down. steps up, says on the radio, for god and country, geronimo, geronimo, geronimo. the code word that he had been sighted. he said geronimo, ekia, enemy killed in action. back at the white house he said to no one in particular, we got him. he said a few days later he spoke with the s.e.a.l.s and thanks them but he writes that president obama never asked which s.e.a.l. fired the kill shot and they never volunteered that information. brian todd, cnn, washington. former egyptian president hosni mubarak like you've never seen him before, making his

first court appearance, lying on a hospital gurney, wheeled into a cage. our reporter was in the courtroom. level to help your engine run more smoothly by helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly while leaving behind cleaner emissions. it's how we make gasoline work harder for you. exxon and mobil. you want to keep your loved ones safe and secure. give them the gift of financial security from new york life. we've been protecting families for over 166 years. new york life. the company you keep.

jie'll tell you what. we haven't been able to take our eyes off a bizarre picture out of cairo. former egyptian president hosni mubarak rolled into court on a gurney and put into a cage. cnn's fred pleitgen was actually

in the courtroom. fred, kind of a bizarre and unique experience, no doubt. >> reporter: it certainly was a bizarre experience for everybody who was in the courtroom, especially when hosni mubarak did appear. as you said, he was laying on sort of that hospital bed. he was wheeled in there with the other defendants. two of them are, of course, his sons, inside that big metal cage. it was certainly something that the lawyers said they were absolutely shocked. keep in mind, for many egyptians -- for most egyptians, this man throughout the last 30 years was absolutely untouchable. they called him a pharoah. he was almost super human to a lot of people here in this country, and now to see him like this is certainly something that's shocked even the prosecuting attorneys who are, in fact, asking for his death sentence for his involvement in the killing of the protesters in the uprising that happened in january, kyra. >> fred, you and i were both in

iraq and baghdad and remember seeing saddam hussein. this is taking it a step farther. this is also a leader being held accountable for allegations of corruption, for firing among his own people, having his supporters, you know, on purpose shoot at the protesters in ta hirs square. this is serious allegations that he's being charged with. did we lose him? okay. fred pleitgen was actually called in. he was calling in from just outside the courtroom where you're seeing these pictures of hosni mubarak. but just to let you know, yes, we're all pretty riveted by these bizarre pictures but at the same time he's being held accountable, charged with the

firing upon his own people when we saw those protests, those democracy protests in ta rirs square. you remember for weeks we covered that story. now hosni mubarak facing those charges for allegedly having his supporters open fire on those protesters. a corrupt government is what the allegations start. we'll try to get him back up on the phone and talk more about it later in the hour. coming up, we're keeping a close eye on tropical storm emily. we're going tell you where it's headed coming up next. and in new york city, an apb for an unusual suspect. a missing peacock. it was a quick moment of freedom though. more on his adventure coming up next. every day, all around the world, energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to

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all right, let's check stories across the country, the dreaded texas painfully obvious. brown, rain parched lawns are one thing, but this town may run out of water next year if it doesn't rain. a man with a backpack jumps the fence, the secret service jumps him. it all unfolded live during john king's usa show last night. and he's back, the peacock that had enough of the central park zoo, flew the coup and took up on an apartment building. the storm right now is getting closer and closer to places like santo domingo.

we're looking at some wind shear occurring and with that wind shear we're seeing a little bit more of the convection tilting to the east of the circulation center. this is still a powerful tropical storm with maximum winds at 50 miles an hour. as the storm advances to the west at 13, we're monitoring very closely, watches and warnings are posted as far to the west as the bahamas. that means we're likely to see some tropical storm force winds and heavy rain as we go through the next few days. some of the heaviest rain will occur just where we don't want it. ten inches are possible in the higher terrain, and that runs the risk of course for mudslides, dangerous ones. you can see that curvature possibly coming up to category 1 strength. the main thing to note is that anyone along the southeastern seaboard should be prepared this time of year with the heart of the hurricane season, you need to have your preparations ready just in case a hurricane does come close to you.

let's check in with ted rollins live out of chicago. ted? >> reporter: we're at o'hare airport, the faa is essentially shut down because of bickering in washington. thousands of people are off their jobs as a result. we'll have more coming up next hour. >> reporter: i'm ed lavender are in dplaex, a city that feels like it's only four inches away from the sun, i'll have more on this triple digit beatdown coming up in a little bit. police across the country will soon start using a new tool that could replace fingerprinting, but could it also violate your civil rights? also next hour, brand-new twists and turns in the 40-year-old d.b. cooper case. we'll talk to an author who gotg exclusive access to the fbi files. and cheer for our favorite team.

we'll still go to meetings, make home movies, and learn new things. but how we do all this, will never be the same.

tiger woods returning to the pga tour for the first time in three months. woods had a practice round yesterday. he's going to play the bridgestone invitational, and he's going to do it with a new caddy. tiger will find a full-time replacement for williams. st. louis cardinals catcher yadier molena argues a third strike call and gets way up in the umpire's grill. you see the ump wipe his face.

molena swears he didn't spit at him. he just said, hey. he just swe-- hey, he just swr sweats a lot. he takes off and slides in there safely. but wait, he's not done, he sees the third baseman asleep too. so ryan takes third and so he scored on a double. the mariners won. a star is born at a new york city construction site where a hard hat is wowing passers by with his lunchtime performances. of course jeannie mows has the story. >> reporter: what does a new york city construction worker have in common with frank sinatra -- ♪ those little town blues ♪ the little town blues.

>> reporter: nothing blue about this guy, except partially his eyes. but garry russo's stage isn't carnegie hall, it's a construction site on new york's second avenue where a subway line is being built. ♪ it happened in monterrey >> and these aren't backup singers, they're actual sand hogs t guy who is dig the tunnel. while other guys eat during their lunch break, gary decided to pull out a microphone and si sing. how do his buddies react? >> they were like, you're going to sing during your lunch hour? yes. >> this guy is a real class act. >> reporter: can't hold these guys back. ♪ sweet caroline >> reporter: the construction project hasn't been so sweet for

residents, so much disruption and noise. >> they tell me it's going to go on for eight or nine years, i won't be here, so i don't care. >> reporter: but gary cares. ♪ the world was blue underneath the umbrella skies ♪ >> reporter: his brush with fame came thanks to this passer by. david fisher shot some video and put it on youtube, the media ate it up. >> i'm overwhelmed. >> reporter: now passers by are singing along. porter grabbed a partner. people who stumble on the noon concert seem stunned to see a construction foreman crooning. until now gary's singing has been mostly confined to karaoke

in the shower. he says he just wants to make folks smile. i feel like i'm with the village people. it takes a village to build a subway, who could imagine the second avenue sinatra would blow into town. ♪ and the winter winds ♪ they have come and gone ♪ new york new york it's 10:00 a.m. on the east coast, 6:00 a.m. on the west coast. we're watching wall street t dow plunged 266 points yesterday for its eighth contest loss. so far right now, dow industrials down 14 points. congress takes a break, thousands of workers lose their paychecks a new crisis face the faa and the air travellers who rely on it. and a trial for former president hosni mubarak.

he could face execution if convicted in the death of protesters. our nation's reputation is tarnished and we're all likely to pay one way or another. brianna keeler has the big picture for us. ted rollins has some big casualties, thousands of jobs now thrown into limbo and once again you can blame congress. and poppy harlow takes a wider view of the jobs market. it's pretty grim. and george how weell shows how college students may take a big hit. markets trying to rebound after eight days of consecutive losses. we're looking at numbers right now, up 21 points. >> numbers are picking up a bit of steam right now, if the dow ends up in the red today, it will be the first nine day losing streak since 1978. that's after that 266 point drop yesterday.

investors are getting in there, buying those beaten down stocks. but those investors are concerned about what's happening with the economy. their big concern is if this recovery is stalling out after we have gotten a number of dismal reports. and kyra, the r word is being tossed around, recession, the economists and traders that i talked to this morning say the odds are increasing for another recession. moodies has stamped a u.s. credit rating with a negative outlook that's being taken more seriously than that downgrade by a chinese rating agency. but moody's is still highly respected here in the u.s., even though it missed by a long shot calling the financial crisis ahead of time. adp reported that private sector employers added 114,000 jobs in july. but adp missed terribly in june, so investors aren't putting too much stock in it. they really want to wait and see what the official government

jobs report says and that is coming out on friday. >> okay, allison. thanks. let's head over to the white house. brianna keeler. >> reporter: we have pressed white house press secretary jay carney on this and he has said they cannot control what the debt reporting agencies do. now what we're really seeing here at the white house is a pivot to the jobs message. the president has kind of been chained to the white house, chained to washington dealing with the debt ceiling crisis and now he's moving to jobs saying you can't just grow the economy through deficit reduction, so here in the next few weeks, expect him to take his message on the road. >> and we will follow that bus tour. now to the thousands of jobs being held hostage by the debate

on capitol hill. thousands of employees face five weeks without a paycheck and more than a billion dollars in tax money is just going to go to waste. ted rollins at o'hare airport in chicago. ted, a lot of people asking, what about our safety, is it at risk? will it be compromised? >> reporter: the faa says absolutely not, everybody is safe and here's why, basically tsa folks and air traffic controllers are paid from a different pot of money, so the faa has basically been destabilized on many fronts but safety is not a concern for passengers that are planning to fly, don't worry about that. but if you're a taxpayer, you should worry about basically the bleeding that the federal government is doing during this impasse. as you mentioned, thousands, millions of dollars of uncollected taxes. plus you've got job loss because of this, there's 4,000 faa employees that are now furlowed, they're sitting at home not being paid, and an estimated 70,000 construction workers are

also sitting at home not getting paid because the folks on capitol hill did not come to an agreement on whether our house would fund the faa before they went on their summer recess. listen to randy babbitt from the faa, he is livid. >> that can't go on a day longer, much less six weeks longer. we're going to suffer a lot of long-term damage, we have billions of dollars in construction money that should be going out the door, it's not, this is money that's available, it's simply we can't spend it. >> reporter: and of course people are frustrated with washington around the country. we talked to a couple of passengers here at o'hare, one lady says she has a solution to all of this, take a listen. >> cut your vacation short, get your ass back to washington and figure something out quick. >> reporter: there you go, kyra. >> plain and simple.

ted, thanks. let's move on now, shall we? let's talk about our kids in college. the debt deal means his or her loan could cost more. josh howell has been on the campus just outside of atlanta. what are students telling you? >> reporter: the truth of the matter, there's still a lot to be determined, specifically when it comes to the private loans that parents take out for kids to go to schools like this. here's what we do know, it's a mixed bag of good and bad news for students. first off the debt cell eliminates subsidies for graduate students. students are in school, that is no longer the case, that tax on thousands of dollars to the overall cost. it also eliminates a credit that saves students money who make 12 months of on time payments. the good news in all of this, of the $22 billion saved, $22

billion now goes to pell grants. we talked to a few students who are still concerned. >> i have heard some of the loan rates are going to increase. >> i think it's going to be hard for other students coming in to take out loans now. >> education is really important to my family, so any way we have got to do that, we're going to do it. >> these changes kick in on july 1, 2012. and anybody watching to see what happens with the credit rating and interest rates, so a lot still to be determined. >> and then 66,000 jobs were cut last month. that's a 60% increase from the month before. so why all the layoffs? and does the debt ceiling deal mean more cuts to come? poppy harlow will answer those questions at 10:30. we haven't been able to take our eyes off the bizarre pictures out of cairo. that's former egyptian president

hosni mubarak, wheeled into court on a gurney and put in a cage. so fred, what was it like? >> reporter: well it was pretty shocking to see hosni mubarak in that way. he looked very weak, very frail. he didn't speak during this entire trial, the only thing he did was he responded when the judge asked how he would respond to these allegations he said all of what has been said today is not true. is that's all the words we heard from hosni mubarak today. even they said they were absolutely shocked to see him in that state. they said they felt this looked like a what who was very weak, a man who was on his way out. but this is something that definitely will have shocked a lot of people here in egypt and indeed around the world who saw

this and who know what hosni mubarak looked like when he was still in power. >> we can't forget the live coverage we saw every single day of the thousands and thousands of protesters wanting democracy, all crowded there in tahrir square, you remember it well. and then we saw the violence and all the allegations that came before that mubarak was telling supporters, shoot and kill these protesters in tahrir square. >> reporter: prosecutor says he is ultimately responsible for the killing of protesters during the revolution that started on january 25. they're having trouble making a case that he directly issued orders for his police and interior minister forces to fire on the protesters because apparently there's been evidence that's been destroyed. but they say because he was president at that time, because the buck stopped with him and because he was updated every hour on what was going on on the

streets, he had the possibility to stop it and he didn't do that therefore he is guilty of premeditated murder. that's the case that the prosecution is trying to make. his lawyers are making a different case, saying ultimately he was not responsible for what happened. one of the lawyers told me that even if mubarak is sentenced, he probably would not see a death sentence, you would probably see him behind bars in some sort of hospital facility until the end of his days which many believe is not many days that hosni mubarak has left. and eye scanners, the newest tool for the nypd. >> they can quickly identify who they have in front of them and what potential danger or risk they may pose. >> we'll show you how it works just ahead. plus, as the fbi works its most promising lead ever in the 40-year-old db cooper case, an alleged relative of the hijacker steps forward. and a deadly heavy wave

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got busted for prostitution. the code for her services was to ask for a little extra sugar. a cycling event rolls through iowa. to cops cracked down on vendors selling food without a license. now you know what's coming. this poor 4-year-old girl, her lemonade stand got shut down. cops say the law's the law. the nation's midsection is sweltering. in dallas ft. worth, it's been well over 100 degrees for 32 straight days, it was 99 at midnight and today could be the day that shatters the all-time high temperature of 113 degrees. ed lavender are is in texas. >> reporter: in texas swarms of grasshoppers are invading dried out grass fields. in oklahoma, there's barely enough hay to feed herds of cattle. across these crusty plains--triple-digit temperatures have baked texas

and oklahoma for more than a month, the summer of 2011 is a beatdown of epic proportions. if that sounds dramatic, cnn i-reporter suzanne newkirk knows these are desperate times. >> we are sweltering and we're just asking for some relief here! >> reporter: this week dallas/ft. worth could break it's all-time high temperature of 113 degrees. in dallas the heat has killed 12 people so far, in oklahoma, there's been 11 heat related deaths. all but six of texas's 254 town are under a burn ban. the heat and dryness continues spawning wildfires like this large blaze in tulsa, oklahoma. in san angelo, texas, bacteria that thrives in dry, hot conditions have turned this lake red. even strong decades-old trees are withering under the scorching heat. leaves are turning brown. >> if it loses all it's leaves

and goes totally brown, it's done. >> reporter: texas electricity regulators are issuing emergency warnings urging people to conserve power. but who needs to power an oven when you have a hot war. >> cookies baked in a car. they're good enough to eat. >> in all seriousness, you're joining us live from dallas, when you're talking about this like right behind you drying up, right? >> reporter: we have seen that in many parts of the state where you have seen these lakes that -- lake levels dropping quickly in a town out in far west, texas, one lake in particular is at 1% capacity which is threatening the drinking water for the town of robert lee out in far west texas. so dry and heat and those temperatures today will be rising to some very dangerous

levels. many people worried about the power today. state regulators urging people to conserve electricity, saying the likelihood for blackouts the real. 40 years later, it's the fbi's only unsolved hijacking. but now several new developments in the db cooper case. we'll talk to an author who got exclusive access to the fbi files.

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all righters. she lost out on an oscar for "the color purple." but oprah winfrey is being

recognized by a humanitarian award. and charlie sheen, he's been sentenced to death, the season premier of 2 1/2 men includes a funeral for sheen's character. he was kicked off the show for dangerously self-destructive conduct. and '90s supermodel linda evang evangelista says it takes more money to support her child. a chunk of the cash would go to full-time nannies and driver who is double at security. a mysterious man, a threatening note and a sky dive into the history books. the d.b. cooper hijacking is one of this country's most fascinating unsolved cases. so a few days ago, when the fbi confirmed reports of its most promising lead to date in the 40-year-old case, it got a lot of people's attention. pretty good timing for author jeffrey gray, his book "sky j k

jack: the hunt for d.b. cooper." abc's "good morning america" actually had an interview with a woman who claims she's d.b. cooper's niece. here's how she says she found out. >> i was spying on them from around the back of my grandmother's house and i heard my uncle say, we did it, we -- our money problems are over, we have hijacked an airplane. they told my dad they wanted him to help him go back into the woods and find the money. >> so jeffrey, what do you think? do you believe her? is she credible? >> what i think is that d.b. cooper mania is upon the land. this story to me is actually not that credible. i don't want to doubt her, but i kind of have to because after researching and reporting the story for the last three years,

this story line is very common in cooper land. you find a lot of people who have memories. this one taken from a woman who's 48 and she had this memory when she was 8 years old. so i just don't know if i can totally believe this whisper that she overheard or at least i need to know a lot more. >> interesting. okay, well, you've got exclusive access to the fbi's case files. you know so much about this mystery. tell us about some of the most interesting things that you discovered. >> well, i mean the most interesting riveting, i think, experience for me was actually reading them, just reading the documents and actually finding out what exactly happened, because there's the myth of d.b. cooper and there's the true story of dan cooper, the name is hijacker actually used and to go through these documents and find out what witnesses actually reported in 1971 was an intimate and just lucky great experience.

>> so is there anything that stood out to you? >> plenty. >> like, for example? >> the most -- i don't know, what comes to mind right now is just who this hijacker was, his personality, his means, all the things that he said to the stewardesses and his motive and behind every crime we really want to understand the motive. and i'll give you one little snippet of dialogue that i was able to uncover. at one point, the stewardess says to the hijacker, do you have a grudge against northwest airlines? is that why you want to hijack the plane? he said, no, i don't have a grudge against your airlines, i just have a grudge. so this is a man who just had a grudge and the truth is, there's a lot of them out there. >> and the fbi has said for years, there's no way he could have survived jumping out of

that airplane, now we hear that he could have lived for decades. what do you think? what's your gut? and is it possible, i'm going to throw it out there, that he's not dead? >> it's absolutely possible to survive that jump and one of the things that i found in that file is that they interviewed parachute experts the morning after and the parachute experts told him yes, it's possible to survive a jump like that even in that area. i really want people to proceed with caution here. i spoke with the fbi last night about this lead, and even though it's been called our most promising ever, it's really not, and an fbi agent told me that this particular suspect had not been totally vetted, they just passed along evidence to the lab. i just want people to understand that, proceed with caution here because as the mania unfolds, actually expect more uncle l.d.s as the suspect is called to come forward. >> we'll probably be

interviewing you again and the mystery will live on, probably for decades more. the book is called "sky jack". it's a great read. some people are asking where mitt romney has been on the debt ceiling debate. actually been referred to as the mittness romney protection program. he's staying out of the fray, or is he being a political genius. and 66,000 people have been laid off in july. does that mean more cuts to come? we'll tell you. [ carrie ] i remember my very first year as a teacher, setting that goal to become a principal. but, i have to support my family, so how do i go back to school? university of phoenix made it doable. a lot of my instructors were principals in my district. i wouldn't be where i am without that degree. my name is dr. carrie buck.

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this has been a public savings announcement. out there with a better way. now, that's progressive. checking top stories now, wall street hoping to bounce back as investors digest two mixed job reports.

yesterday the dow plunged 266 for its eight straight loss. former egyptian president hosni mubarak wheeled into court on a gurney and put? a cage. he's charged with ordering the killing of protesters. a bomb squad called into a house in sidney, australia, they're investigating a suspicious device reported by an 18-year-old girl. they won't comment on the reports that that device is attached to the girl. all right, political buzz, your rapid fire look at the hottest political topics of the day, three questions, 30 seconds on the clock. playing today maria cardona, and cnn contributor and talk radio host dana lohse. moody says the u.s. is holding

its own on the u.s. debt. >> i certainly don't think it was a game because either default or downgrade are both very serious issues. but many times it did feel like a scary economic gamble that could have completely been avoided and i think what americans are going to think about when they think about this whole circus is are those smul group of lawmakers within the gop caucus so recalcitrant, it was either their way or the highway, they didn't believe in default, they didn't believe in the consequences of default and they were willing to bring us to the brink of another economic recession and that is going to come back and haunt them. >> i would like to remind ma rhea that the lawmakers represent the constituenciecons we already had three credit agencies downgrade us but nobody talks about that because it doesn't fit the narrative. no mentions them because they cite big spending. i think that washington is surprised to see that wall

street doesn't react whenever it snaps it's fingers. but we were told if we compromise on the dead ceiling, we wouldn't see this from wall street. everything would be kittens and sunshine. so i think it was a shell game and a lot of fearmongering definitely going on. >> i don't think it was a shell game, it was a serious policy debate between republicans and democrats who had some very strong concerns. what you saw was for the very first time in a long time is that we had a national conversation about reigning in our debt, what's right, what's wrong and what we can afford and what we can't afford. regardless of whether you're a republican or a democrat, a liberal or a conservative. you have to admit that a lot of us are beginning to think a little bit more clearly, a little bit more thoughtfully about our national debt. >> gop front-runner mitt romney all but stayed out of the debt

debate until it was all over. some are calling it the mittness protection program. is he staying out of the fray or is this going to cost him? maria? >> i love that term by the way, i think it's brilliant. i don't think this is going to cost him, cara, i think what's going to cost him more than being absolutely absent from this whole negotiation and this whole deal is actually being present on both sides of major issues throughout his career. on issues like gay rights, gay marriage, abortion, the recovery act, the recession, you name it, mitt romney has been on both sides of those issues, he's flip-flopped more than the international house of pancakes and that's what i think is going to come back to bite him. >> dana? i like the mittness protection program. i thought it was odd that he was the only one that was silent. isn't he running for president? i kind of forgot because he was being so quiet. i think mitt romney can't comb

his hair without checking a poll or a sample group or so on and so forth. that's not a good indicator of leadership. >> all right, bob? >> very, very clever. i don't know whether or not this is going to help him or hurt him, time will tell, but mitt romney has a very distinct record of going right down the middle. putti putting his finger on the pulse and then going in that direction. those battleground primary states, whether they support the mitt romney philosophy, time will tell. >> retired army general russell honoree says he has a way to shape things up in washington. he says send politicians to boot camp. what would you like to see get the boot camp treatment exactly? dana? >> oh, any politician that -- we could be here all day because so many of them have that big,

giant spare tire of excessive spending and i think they could work that off. we would be here all morning, there's so many. >> there's not one in particular, dane is that? >> mitch mcconnell, lindsey graham, nancy pelosi, i could go on and on. >> just imagine them all together. maria? >> i believe that every politician, frankly everybody can benefit from a boot camp workout. i have said this time and again on your program. i think the 66 members of the tea party caucus could benefit from this, because you learn a lot about shared sacrifice, about team work, about putting the needs of many before your own, i.e., the american people, and they need to learn that. >> all right, bob, who would you want to see doing some hardcore p.t. out there? >> the good thing about boot camp is it's nonpartisan, they all come the same and leave the same. so every single member of congress should go except for

gabby giffords. >> i think everybody would probably agree on that, what a remarkable woman and it was great to see her out on the floor. we ended on a very positive note. dana, maria, bob, thanks, guys. >> thank you. >> thank you. well, some bad news on the job front, 66,000 jobs, those are the cuts that were announced last month. it's according to a top outplacement consulting firm. so if you're keeping count, that's a 60% increase from the month before. let's talk more about this with p poppy harlow, where are the layoffs? >> it's a very unexpected jump and it comes at a time of such volatility and uncertainty and the market has been down for eight straight days. the market is down 100 points right now, in part reacting to these jobs number. one, a lack of demand, people are not spending a lot of money

right now and companies feel the environment is so uncertain, they've got health care reform, they've got financial reform, they don't know what's ahead in taxes. let's go through the three biggest job killing companies. before i do that, i want to play for you the reason why we're seeing all of these job cuts, this comes from john challenger, who issued that report. take a listen what he says. >> one picture is, we're in this rocky recovery, in one of those entrenchments. but increasing concern that the economy may be heading towards recession. companies making layoffs rather than just holding on to their people. the government's stimulus, both fiscal and monetary is at risk and maybe there's not going to be enough consumer and business spending to keep this economy afloat. >> so a major risk and i want to show you the big companies that are cutting majorly in terms of jobs. borders, they're liquidating, they're cutting 10,000 jobs,

they're going to close their 399 remaining stores. let's move on to banking, goeltd man sacks, that power house announcing 1,000 job cuts. they're going to save $1.2 billion as a result. cisco, cutting 6500 positions, letting go of 15% of their top management. what's troubling here is these are across industries, this is not just focussed on one industry. these are industries that typically enjoy low levels of job cuts and that's why this is so troubling and it shows us the job picture is not getting any better, kyra. >> poppy, thanks. and while it can be tough to find a job, now is your chance to be seen and heard. you can giver us your 30-secon pitch right here on cnn.com. coming up, eye scanners to identify suspects. i'll show you how it works next. and tracking tropical storm

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checking stories across the country, the drought in texas painfully obvious in the town of robert lee. brown and parched lawns are one thing. but now this town of 1,000 people may run out of water next year if it doesn't rain. robert lee has only seen one inch of rain since december. a man with a backpack jumps the fence, the secret service jumps him. the security breach triggered a lockdown at the white house and it all unfolded live during john king's usa last night. and he's back, the peacock that had enough of the central park zoo, flew the coup and took refuge on a fifth avenue window ledge. he was returned a few hours ago. hope he enjoyed his hall pass. a new scanner used in

science fiction thrillers like "minority report." >> look at me. positive for howard marks. i'm placing you under arrest. >> but it's not science fiction anymore. police are actually using iris scanners now to identify people and instantly reveal their criminal history. >> reporter: at the plymouth county correctional facility, the current home of reputed crime boss whitey bulger, you would be surprised at what some incoming inmates have tried to do. >> reporter: how many people have tried to shield their identity coming into the system? >> there's been quite a few. >> reporter: like the felon who gave a phony name, even lied about a prominent tattoo. he still denied who he was? >> he denied it but he had him dead to rites. look into the camera. >> reporter: and iris scan, like a fingerprint, but with 235

specific identifying marks in each eye. apparently quicker and more accurate. >> it's a national database. if his eyes match up to anybody, it will pop-up. >> reporter: shaun mullen showing us how it works is president of b-12 technologies, the biometric intelligence company responsible for the iris scan. >> you hold it up to the eye. >> reporter: no damage to the eye? >> no damage to the eye, you simply hold it up. >> reporter: attached to a smart phone, it can instantly run id checks only after an officer determined probable cause. >> the biggest advantage, they can quickly identify who they have in front of them and what potential danger or risk they may pose. >> reporter: mullins says the eye scan is checked against half a million penal previously arrested. my results? >> what does it say? >> reporter: no matches. >> no match found, that's the

idea. >> reporter: he says my iris scan is deleted. kr correctional facilities are using it across the country. civil rights advocates worry the iris scan could be used for probable cause as a surveillance tool and as a way to enforce disputed immigration policies. mullins says that's unlikely given how close you have to be to snap a photo. the sheriff joseph mcdonald says -- to verify the person getting out -- >> that photo was take on the way in and then matched up on the way out. >> reporter: has served their time. joining us live out of new york, deb, could this be used to identify people even when there's no reason to do so? >> that is really the big concern. but think about it, the iris scan has to be held about five

inches from your face. it's certainly not at the stage where it can be mounted on a light post to identify people crossing the street for example. think about fingerprinting, there does have to be reasonable suspicion, and that's the plan for iris scans as well. if someone is pulled over who's not documented, they could wind up in the database and that clearly will be legally challenged. but it's fascinating, we were so impressed by the degree of accuracy that this can call a prisoner's record. you have to be in the system to match, if you're not in the system, there's no match and the scan goes away. coming up, the stock market could face a pretty bleak milestone if it doesn't manage to end higher today. and later on, an environmental group checks children's car seats for chemicals, we're going to tell you which infant seats are the most toxic. e planned combination of at&t and t-mobile would deliver

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stories making news today, in about 45 minutes, harry reid and -- at 2:00 p.m. eastern, president obama holds a cabinet meeting before he departs for chicago where he holds a party fund-raiser on the eve of his 50th birthday. allison kosik standing by, taking a look at numbers, it's

gone into negative heart big time now, down 133 points, it wasn't that low when we talked about that a half an hour ago. >> yes, we are watching the markets slide again t dow industrials looks like it's getting close to having a ninth straight loss. we haven't seen that happen since 1978. yesterday the s&p 500 gave up all its gains for the year and many of our 401(k) close or near the index. it's not a good time to look at your investments. the nasdaq is also in the negative for the year. traders i talked to on the floor are getting really concerned. they're hearing more talk that we're heading for a double dip recession. and the odds of a recession has begun in the third quarter or will begin soon have risen dramatically. >> is it fair to say it's only about 10:49 eastern time and watching these numbers in negative territory, but things could get better as we watch the day progress, right?

this doesn't necessarily mean it's going to be a horrific day? >> it's really hard to tell, it's hard to be a prognosticator, but volume today, it's still pretty strong considering when we see volume pretty strong, sometimes the gains, or in this case the losses can really stick. everyone wants to see, you know, kind of a reprieve from this negative news lately. but the weak personal spending numbers from yesterday, we're seeing people spending less, saving more, it's good for people to save money, but it's even more important for them to get out there and have confidence in their personal financial situation and pump money into the economy. and then you lump all the negative news we have gotten. the weak gdp figures, all of this not painting a pretty picture, so we're not seeing any relief on that front. then wall street also looking for the jobs report, not expected to get much relief from that either.

>> allison, we'll keep talking. and watches and warnings are now in effect for tropical storm emily, we're going to tell you where it's likely to make landfall. and an environmental group tests for toxic chemicals in children's car seats. we'll tell you the most toxic insignificant seats. or strberry ? chocolate ! chocolate it is ! yeah, but i'm new, too. umm... he's new... er... than you. even kids know it's wrong to treat new friends better than old friends. at ally bank, we treat all our customers fairly, with no teaser rates and no minimum deposit to open. it's just the right thing to do. in one place. ♪ the race of your life you never ran. the trip around the world you never took. the best-selling novel you never wrote. but there's one opportunity that's too good to miss.

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we're watching tropical storm emily. >> we just got the latest advisory and keep in mind that we're looking at a tropical system that will be impacting areas from the dominican republic, all the way up the east coast. the storm track takes the storm

further off to the west and then curves it away from the main land. right now the storm is bearing down, bringing tropical storm forces to the dominican republic and haiti. the reason this is so dangerous, because in the higher terrain, if we get ten inches of rain, we'll contend with mudslides. with that said, watches and warnings are posted for the next 36 to 48 hours, we'll watching for tropical storm force winds all the way up to the bahamas. >> okay, thanks so much, bonnie. >> i'm just looking over this list that parents of young children are going to want to check out. it's the latest research on toxic chemicals in car seats. the ecology center has released it's findings on the website. researchers actually tested infant, convertible and booster models for a number of chemicals. the graco snug ride 35, and the

graco snug ride 30 were found to be the most toxic in infant models. and the least toxic, the chicco keyfit 30. the study found that many companies are starting to make car seats with healthier products. coming up at the top of the hour, an in-depth look at what the debt deal could mean for the stock market, unemployment, small businesses and hospitals. plus this -- >> reporter: they blasted through cage like metal gates on the stairways, as a small team of s.e.a.l.s made it to the top. >> new details in the osama bin laden raid including how one nave s.e.a.l. had to act in a

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the debt deal game. brianna keeler is at the white house with more on this. >> reporter: mitt romney on a milk carton and our political correspondent jim acosta explaining why. mitt romney our republican national candidate. he's been late to the game in weighing in on this debt ceiling crisis. he put on a statement nine hours before the house passed a compromise deal saying that he didn't support it and so a blogger on the conservative website daily caller put a picture of a milk carton with romney's photo on it with a caption saying missing leadership. so the campaign, romney's campaign says he supports a more conservative report. the cut, cap, balance plan that passed the house but failed in the senate. but critics are saying romney hasn't really taken a clear position on increasing the debt ceiling. also on the ticker, a story coming kind of from the white house, the president is going to be taking his jobs m