tv CNN Newsroom CNN August 4, 2012 4:30am-5:00am PDT
4:30 am
♪ i would've appreciated a proactive update on the status of our relationship. who do you think i am, tim? quicken loans? at quicken loans, we provide you with proactive updates on the status of your home loan. and our innovative online tools ensure that you're always in the loop. one more way quicken loans is engineered to amaze. ensure that you're always in the loop. [siri] sirianother busy day today.ke? are you serious? [siri] yes i'm not allowed to be frivolous. ah ok, move my 4 o'clock today to tomorrow. change my 11am to 2. [siri] ok marty, i scheduled it for today. is that rick? where's rick? [siri] here's rick. oh, no that's not rick. now, how's the traffic headed downtown? [siri] here's the traffic. ah, it's terrible, terrible! driver, driver! cut across, cut across, we'll never make it downtown this way. i like you siri, you're going places. [siri] i'll try to remember that.
4:31 am
[ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >> here are the stories we are watching this morning. more firefighters may be on the way to the front lines this morning in oklahoma. officials say they are ready to send more resources to fight the four major fires burning there right now. dozens of structures have burned already and hundreds more hopes are being threaten. as of right now, no new evacuations have been ordered. the ongoing drought is being blamed for a major part in the fires. in africa, hillary clinton continues her visit with a stop in kenya. she is in the region to discuss security with kenyan authorities
4:32 am
and the leaders of somalia's outgoing transitional government. 67 years after his grandfather harry truman ordered the atomic bombing of japan, his grandson is marking the anniversary. clifton truman daniel is calling for peace and nuclear disarmament. he met with a relative of an atomic bomb victim. he plans to attend a memorial in nagasaki as well. >> this weekend marks a dubious anniversary. a year ago the u.s. lost its aaa credit rating. let's look at what happened when we learned for the first time in hospital, the s&p stripped the united states of its perfect rating. >> it's historic and unprecedented. america may still be the world's biggest economy, but it lost its
4:33 am
status as the world's safest bar. >> a standard and poor's downgraded the united states's aaa credit rating. >> tonight on world news, downgrade disaster. >> for will be a line in the history books, but what it will mean for the pocket book. >> get ready for the averages to tumble. >> we're are spent and the jig is up. the pain could be severe. >> joining me now to talk about what the united states is doing to get the aaa rating back is richard quest, anchor of quest means business. good morning to you. >> good morning, randi. here's an interesting question. there two issues really. jumping in with both feet, the first question is what effect losing aaa had. not very much indeed.
4:34 am
the second is what the u.s. is doing to get its aaa back. that seems to be not very much indeed. when the aaa was lost, everyone thought it would be financial armagedd armageddon, but rates rose initially on that. what we have seen over the last year is that if the u.s. was bad, everyone else was worse. it's the old syndrome of the cleanest dirty shirt. when you are going through the laundry and you really got no clean shirts and you have to pick up that one that might just get more day out of it. well, the u.s. is the cleanest dirt shirt. the european union and the eurozone is a mucky beast indeed and as that degenerated, the u.s. is losing the aaa, no big deal. >> you mentioned armageddon and
4:35 am
remember when the downgrade happened. there were so many of these dooms day predictions and paul ryan said we would see the cost of mortgages and car loans rise. the value of the dollar would erode. a year later that doesn't seem to be the case. >> far from it. and you look at u.s. long bond rates, the 10-year bond is at historic lows. the government can borrow money cheaper than ever before. this is not a great testament to the safe haven of the u.s. or the fiscal globity of the government, but everybody else is a great deal worse, particularly the eurozone. the u.s. is a vast economy which can easily pay its debt. it has won dramatic advantage over most countries. you know what that is?
4:36 am
it's the count of the printing press. and as we are looking at qe 3 down the horizon when the fed finally realizes there might be a crisis and time to get printing again, in that environment the u.s. is still very much the best game in town when it comes to government debt. when it comes to lending money or when it comes to interest rates. don't get complacent. what happened last year has been a beneficiary of a bad bit of news in europe. the fiscal cliff is still there. the u.s. still needs to sort out the dramatic and deafening deficit and if it doesn't, the market will reap its advantage. >> what are do you think of the comments about warren buffett and he said america is aaa in theoryy aaa in omaha? is he right?
4:37 am
>> of course he is. look at the manufacturing numbers and the way in which the economy is creating jobs. all right, the latest numbers are not as good as they would like, but they were better and they showed a trend. the u.s. most definitely has picked up speed and not as fast as people would like, but better than on my side of the atlantic. >> what are is the real indicator for how our economy is doing? >> as well as can be expected bearing in mind the awfulness elsewhere. that's really the classic definition of faint praise, if you like. you know the old school report, could do better with a bit of hard work. that seems to be the sort of thing we are talking about. the real risk comes after the fiscal cliff. if the u.s. does not at some point deal with its large u.s. budget deficit in the way that
4:38 am
europe is doing and it's painful. i tell you. it is painful. austerity costs. it costs jobs and pain and health care. that is the thing that is next on the u.s. agenda. >> great conversation. thank you, richard. >> thank you as always. remember -- >> i hear it. it's printing. >> if it's not printing by the end of the year, i owe you dinner. >> deal. >> a star is born at the london olympics. guess what. she is not an athlete. bill santiago does his take on this dry yet hilarious sense of humor. plus, we are getting ready to head back to school. folks from the style network's hot show, chicagolicious. they are hard at work. s. afternoon's overhaul starts with more pain. more pills. triple checking hydraulics. the evening brings more pain. so, back to more pills. almost done, when... hang on.
4:39 am
stan's doctor recommended aleve. it can keep pain away all day with fewer pills than tylenol. this is rudy. who switched to aleve. and two pills for a day free of pain. ♪ and get the all day pain relief of aleve in liquid gels. ♪ this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com.
4:40 am
. we know the stars of olympics are phelps, gabby, lochte. one is making headlines of her own. blogger bill santiago, good morning. so there is this london olympic worker who has been giving tourists quite a chuckle. she is really something. she sits on her podium and has the driest sense of humor. you have seen her, right? >> i have seen her. it's amazing. she is the break out star of the 2012 olympics. thanks to her, london will be as memorable as beijing. she is out there as a volunteer, a british volunteer trying to get people excited about the games. she is doing it without a hint of excitement in her voice. that's what makes it so funny. >> you decided to see if you could get the same excitement in your voice. you hit the streets. >> i was very inspired. >> let's watch and see if that humor works on new york city streets.
4:41 am
>> 2012, get excited. yes, thank you. single lady. >> are we excited about the olympics? very good. very good. keep up the excitement. it doesn't get any more exciting than the olympics. excited on the inside and the outside and excited all over. >> today is a special day. we are going to be putting our children's children's children's children's children about this day. i am going to say out of the possibility i work in the community. >> i may have to my children's children's children's children about the day i sat on top of the ladder outside of a london british pub where they are broadcasting the 2012 olympic games on the inside.
4:42 am
>> my mouth is dry and i need water. because i'm that happy. i'm going to overcome it. >> at some point you can bring me a beer? >> i have not obtained my excitement, everybody. >> how excited are we about the 2012 olympics. >> we are excited. >> come watch michael phelps win silver in the olympic games. why is he winning silver? silver is for slackers. >> i'm here until 2:00 a.m. this is dedication and excitement and happiness. this is the moment. please be smiling from ear to ear. >> for doesn't get any more exciting than the 2012 olympics. is that right, ma'am? >> that's right. >> i think you scared some of those people walking by. >> i didn't quite have her knack for it, but it was a jolly good try. >> i thought it was great. she does it with such a monotone
4:43 am
voice. you got it going and a beer to boot. >> i want to point out how under budget i came in on the megaphone. >> what was that? >> i got it here. it's like -- >> like a tin can. very nice. very, very nice. >> a lot of fun. it's so funny because i definitely never wanted a gold medal. my dream is to go viral. i don't know far i got, but it was a nice try. >> i don't know how many hits she got on you tube, but we will tweet it out and see what happens. >> give it a shot. >> thanks for that. that was a lot of fun. see you next week. >> bye-bye. >> a gymnast's golden moment launches her into the history books and inspires the next generation and those who came before her. dominique daws's emotional reaction to the victory of gabby douglas. we want to hear from you.
4:44 am
who do you think is the star of this year's olympics? you can tweet me and let me know who you think is the real star and will read your responses next. ♪ [music plays] ♪ [music plays] do you have any idea where you're going ? wherever the wind takes me. this is so off course. nature can surprise you sometimes... next time, you drive. next time, signal your turn. ...that's why we got a subaru. love wherever the road takes you.
4:46 am
. she arrived in london as gabrielle douglas and leaves as golden gabby. the 16-year-old gymnast from virginia beach captured the hearts of olympic fans worldwide as she brought home the gold in the women's all-around competition. her victory was meaningful for a predecessor, gymnast dominique dawes. >> i am so thrilled for gabby, her mother and family and sisters and her dad.
4:47 am
and just all the little young girls looking at her being impacted by what she did. i am so thrilled now to change my website and take down the fact that i was the only african-american with a gold medal. >> dawes was a member of the 1996 team known as the magnificent seven. they were the first american women's team to ever win gold in the team final. all morning we have been asking who you thought was the star of this year's olympics and you have been answering. i'm sending you lots of tweets. sally wrote definitely michael phelps with 17 medals and still counting. up hope we will see him in brazil. uba tweeted the star is gabby dougl douglas. micah agrees. if not missy franklin, then gabby douglas. rosemary said the people keeping the place clean. what do you think is the star of this year's olympics?
4:48 am
keep the tweets coming. i will read more of your responses later on. we have been waiting on the back to school makeover all hour. don't miss the big reveal. as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations... search with bing... and listen to pandora. presenting the 2013 lexus gs, rx and the all-new es, the leading edge of the leading edge. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection.
4:49 am
to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that. it's like a sauna in here. helping you save, even if it's not with us -- now, that's progressive! call or click today. no mas pantalones! who dreamed she could fly. like others who braved the sky before her, it took a mighty machine, and plain old ingenuity to go where no fifth grader had gone before. ♪ and she flew and she flew, into the sky and beyond. my name is annie and i'm the girl who dreamed she could fly.
4:51 am
welcome back. earlier this hour, we challenged the style network chicagolicious stylists to show us back-to-school trends. one of our interns was kind enough to volunteer for a makeover. this was her about 45 minutes ago, she hasn't seen herself yet. look at her. wow. well, kathryn, let me ask you first. what do you think? >> a big difference. i get up and do the least amount possible to get ready and this is definitely a big change. i love it.
4:52 am
it's great. >> let's talk about the makeup. i'll start with you, austin. first of all, she looks natural, great and glamorous and really natural. and you used all of her products. >> yes. >> tell me what you did to give her that natural look. >> i used her foundation, which is more of a full coverage foundation. but i used the brush and i lightly applied it. so it's very even and not very full. and i used a black eye liner and kept it on her lash line and brought it underneath and blended it out with one of her brushes and a very, very light brown shadow and a bronzer. and that's it. and it's a pretty natural look for every day. >> not too much, not too heavy for going to classes. all right, mccray. what did you do? because her hair looks great. >> she last awesome hair.
4:53 am
i used her spray, she had a flat comb, and i went through layer by layer gave her curls and i threw her head over and raked through it and sprayed it and. >> and you used a curling iron a little bit. >> yeah. >> and is this something, because look, i remember college. i would roll out of bed put on a baseball hat and go to class. does this take a long time? >> no. >> she can do it at home. >> it will take about ten minutes. >> kathryn, how do you think this is going to be received on campus? >> oh, my gosh. they're not going to recognize me. >> you look great and it's not even 8:00 in the morning. you should take yourself out to breakfast and do something special. thank you both. >> thank you. >> once again, mcray huff and
4:54 am
austin. all right. we've all had bad service at a store at some point in our lives, but wait until you see one clerk who totally loses it. her over-the-top rant caught on video. so, what set her off? ♪ technology that connects us to everything the world has to offer and vice versa. ♪ technology that makes lightweight stronger, safer, nd and faster than ever be. ♪ technology that makes electric electrifying and efficiency exhilarating. ♪ technology that doesn't just drive us, but drives progress. ♪ and driving progress is what we do every day.
4:55 am
♪ ♪ out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip. to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that.
4:56 am
4:57 am
4:58 am
service, but what do you call it when you're served a middle finger? [ bleep ] holding the camera was a guy named chris who came into this seven 11 in orlando, florida. the worker asked the boy if he wanted a ride on the broom she was using. the dad said no, she started yelling. i asked her to stop and she kept going. >> get out of my face. >> she just gave me the finger and cursed me. >> chris complained to the manager. >> she just gave me the finger. i have it on video. >> show it. >> i have the whole thing right here on video. >> but this was only part one. after chris left the store, guess who showed up, once again with an up raised finger. you can hear the son asking a very good question. >> what are you doing? >> this lady chasing me in her car. >> maybe this is her idea of curb service. >> i've got the whole thing on
4:59 am
video. >> but both drivers stayed in their cars. >> i'm being followed by this. >> reporter: he may say he was armed but at least no shots were fired. actually, the only thing fired was the employee. which explains the now hiring sign. we weren't able to track down the worker to get her version of the events and neither 7-11's manager nor cooperate would comment. but chris had this reaction to the firing. >> i'm very happy with it. she should have been arrested. >> reporter: instead of pressing charges, chris pressed his case in the court of public opinion, aka youtube, where he musically chewed her out, chewing her up. ♪ >> reporter: at least can't say this worker never lifted a finger. [ bleep ]
242 Views
IN COLLECTIONS
CNN (San Francisco)Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1854100052)