newsroom." george zimmerman's murder trial getting under way tomorrow. hear why jury selection could be especially complicated. and miami heat star lebron james talking to cnn about his strategy at the nba finals. i'm fredricka whitfield. see you in the news room an hour from now. we'll be right back. 175,000 jobs created in may. the unemployment rate ticks up to 7.6%. those are the headlines, but there are numbers you don't see every month, and you need to pay attention to them. i'm christine romans. this is your money. the most important number of all is your unemployment rate. it's either 0% or 100%. either you have a job or you don't. outside your personal statistic, here's what's going on. over the past 12 months, the economy has created 12.1 million jobs. good but not good enough to push down the unemployment rate meaningfully. that rate ticked up a little bit

to 7.6%, but the underemployment rate is much higher, 13.8%. that number includes all americans looking for work, plus those working part time but want to be working full time, and others who recently stopped looking. and finally, the percentage of americans who have a job is just 58.6%. you have to go all the way back to 1983 to see numbers that low. muhammad, austin is the former chairman of president obama's council of economic advisers, two people i'm glad to have with us this morning, today, to talk through and walk through what is happening in the economy. muhammad, the labor market is a slow and steady crawl, but it is moving in the right direction. what's the biggest thing standing in the way of it performing even better than this? >> a couple of things are standing in the way. one, there isn't enough demand in the economy, and second, we have structural impediments. the two things together means the unemployment situation is

getting better but not getting better fast enough. and that's a problem not just for the numbers you cited, but we have 4.4 million americans that are long-term unemployed and the laungser you're out of the jobs market, the harder it is to get back in. >> i think that's absolutely right and something that a lot of economists and frankly politicians have really worried about, too. about what that means for america with so many people who have been out of work for so long. let me bring in austin. you heard muhammad say probably the biggest problem is the unemployment number. 37% of people have been out of a job 27 weeks or longer. i will point out and you can see the chart, it's getting better. december 2011, it was 40%. that was the highest since world war ii. still, nearly 4.5 million people. how do we solve that? >> you know, it's a tough thing to solve when the growth rate is only modest. you know, as you're pointing out, i thought both of your

comments were right on the money. and it's made harder by the fact that whatever our growth rate is, the rest of the advanced world is well below the united states, so that's dragging us down, and then you've got a very substantial fiscal drag from higher taxes from the sequester, from a lot of stuff coming in negative from the government. >> muhammad, let me give you this piece of i guess positive data. a gallup poll showing businesses are hiring. their companies are planning to increase payrolls. what does it take for companies to start hiring? what does it take for them to look at the cash in the bank, to look at these very low interest rates, and to look at an economy that's slowly healing and say i'm going to hire? >> so think of it very simply. if you are a ceo and asking yourself, should i invest in new plant equipment and hiring, you

ask the following question, what is the cost of investing? and what's the return on my investment? the cost of investing is very low for the large companies. not so for the small companies but for the large company, very low. that's not the problem. the problem is the perception of do we turn on the investment. there's two issues here. one is the lack of demand. people are worried that the household is stretched, that unemployment remains high and the rest of the world is not doing that great. they're not going to buy a lot of our goods. they're worried about who is going to buy what i produce. second, they're worried about the framework. a lot of question about what will the tax system look like, what will congress do? mix the low anticipated demand with the uncertainty and people are not investing enough. and as a result, the corporate sector is not using all the cash it has on the balance sheets. >> austin, i have to ask you this question because right after the jobs report came out on friday, you saw the first sort of wave of the press releases from republicans who

said that the jobs were good but not great and not great because of president obama's policies because people worried about obama care and the implementation of obama care and the fault of this administration and its policies coming out from the recession that's holding back the economy. i want to give you a chance to respond to that. >> well, two things, one, they had that press release filled out every month since the recession -- since obama came into office, rather than since the recession began. so i don't think the political interpretation should be the one we look at. my only view on whether policy is the thing holding things back is you see the same behavior of companies sitting on cash, nervous to invest, all around the world in places where there was no obama care. they haven't followed the same policy prescriptions as in the u.s., and that overwhelmingly makes me think it's not about policy in the u.s.

it's about fear that there might be another worldwide recession, fear there might be another worldwide financial crisis. so we got to get past that in a way, uncertainty is the good news because if it's being driven by uncertainty, most of that uncertainty is going to get resolved over the near term, and then they can get back to investing. i fear it might last a little longer than that because it's not really about policy. >> austin, what is your letter grade on the economy, quickly, a letter grade on the economy, you think? >> i don't know, on an economic conditions, i would say modest at best. you know, the rest of the world is no higher than a d, so this is one where your neighbor's grade is kind of like a joint lab project or something. the other guy is getting a d is dragging us down. >> that's such an academic way to look at it. muhammad, what is your grade on the economy? >> i would give our economy a b to a b-plus. it's getting better but not fast

enough. i would give europe a d. i would give china a b-plus, and the global average is probably around a c, that's why there's a sense of uncertainty out there. >> i give both of you a solid a for this particular broadcast. thanks, guys. muhammad and austin, nice to see you this weekend. coming up, investors couldn't make up their minds this week, but homeowners may need to be more decisive if they want to get in on the record-low mortgage rates. we'll tell you why next. wow, that is mmm... it's so mmm you might not believe it's a hundred calories. yoplait greek 100. it is so good. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am.

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doug duncan says it's unlikely that rates will ever be that low again. so buyers and sellers taking notice. the housing and stock markets have been the bright spots in our economic recovery. is the luster starting to fade? jeff is chief market strategist at lpl financial, stephen moore is a writer. stephen, are these bad signs for the economy or part of the growing pains of a slow and steady recovery? >> a little bit of both, actually. you know, it is true that as the economy picks up, everyone expected, including myself, i said on this show, the comak picks up and people start to borrow more money and there's more demand for credit, that interest rates would rise, but the conundrum here, christine, is as those interest rates rise, they cause some economic problems. the mortgage rate rises, and let's not forget when the interest rate rises, don't forget who the biggest loser is, the government because the united states is the bigger debtor in the world. >> that's true.

jeff, so let me bring in jeff because i want to know what wall street wants. here's the real frustration for me. when you have signs of economic strength, suddenly people start freaking out thinking that means the fed is going to pull back, right? but if you have too much economic weakness, wall street will freak out because the economy is not strong enough. it's hard to tell what intereves want to see here. >> it's easy, they want to be goldie locks. they can't be too hot and can't be too cold. the problem is you're usually not that for too long. you're usually too hot or too cold. today's jobs report was in the middle, and interest rates are kind of right in the middle, particularly on housing. they bounce back a little bit, reflecting growth in the economy, but we're not yet to the 4.5% rate on the 30-year mortgage which is the rate where housing started to recover. we start to see housing turn up and show some strength. so that's helped the labor market. it's helped the economy. it's helped confidence come back

among investors and consumers. it's really critical, and we're not quite there yet, maybe half a percent away, and it might be a while until we get there given that we're not too hot or cold either. >> can i say something about the issue? i have never seen in my 25 years yaz a professional economist as economy that is too hot. i reject that whole idea that somehow more people working, more investment is somehow bad for the economy. i know there's this superstition on wall street that somehow if we have good jobs numbers or if there's an increase in investment in spending, somehow, that's going to cause ben bernanke to take the punch bowl away, but look, in the early 1980s when we had a big expansion, we had an economic growth rate 7%, 8%, 9%. we can do that again. >> we're so far away from that. 7%, 8%, are you kidding me? >> we did, look it up. >> i know we did it, but every period in history is a little different. you don't exactly mimic -- and

look, the factors are different. the fed issue here, in the ''70s, '80s, and '90s, think of the fed pumping $85 million into the economy and raising questions about what it's going to look like, and paul volcker, chis is what he said about the fed's recent move. listen. >> i know it's fashionable to talk about a dual mandate. the policy should somehow be directed toward two objectives, of price stability and full employment. fashionable or not, i find that mandate both operationally confusing and ultimately ilosary. >> two things i'll say, he's so tall, i mean, look -- the podium is like two feet below him, first of all. second of all, consumer prices relatively stable. no question the fed's moves are helping stock prices, but what will the history books say about whether this is a boost or bust to the broader economy? >> the history books are going to say paul volcker was one of the great fed chairman of all

time. he brought the inflation rate down from 14% to 3 persh or 4%. amen to everything he said, that's one of the most brilliant thing s i have heard said from anyone in government. they should have one mandate, to keep prices under control, and you have to give ben buernanke credit for that because as you said, inflation has been tame for the last four years. >> what's your gut on what is happening with stocks? you have this pull-back and to and froing about what the fed is going to do and when. after the june swoon, does it come back? what are you telling your clients? >> we're seeing it. we're seeing volatility come back into the stock market. we didn't get that in the first half of the year. we're starting to get it now. it's a move from a gallop higher to a grind higher, but modestly higher in the second half of the year on a lot of volatility as each data point gets scrutini scrutinizes. is it too hot or too gold.

when they ended qe-1 and qe-2, stocks fell because the economy wasn't in a self-sustaining recovery. every data point will get that scrutiny between now and the end of the year. >> i'm going to ask both of you the question. stephen moore, what letter grade to you give the economy right now? >> you know, i would give it about a b-minus, but i'm optimistic about the future. when you take into account the fact that corporate balance sheets still look beautiful, american companies are lean mean fighting machines, low interest rates, the housing recovery, i'm optimistic we may see the b-minus turn into a p-plus. >> okay, jeff, your turn. >> i'm right there, too. a b-minus. the economy has held up well. one thing i would point out that maybe i graded on a curve, the government sector is fading. remember, government job growth is fading. government is a drag on gdp. minus one percent was the fact,

the government is doing well. roughly 200,000 job growth in the private seblther, as the government sector is shrinking, the private sector is growing. i'm gichking you a boost there because the private seconder is coming back stronger despite the sequester. >> it's an anti-kansian recovery. >> i will say something about trying to give it a letter grade because i'm going to get this mail from people who say i can't refinance my mortgage so i give it an f. i don't have a job, i give it an f. i have $28,000 in student loan debt and i don't have a job. i give it an f. the economy is doing something and there are a lot of people left behind. nice to see both of you. golden opportunity, is it now or is it over? as the stock market rises, investors are dumping money into stocks and pulling out of gold. check out this chart. gold peaked above $1900 an ounce in 2011, but it has since fallen hard. has gold lost its luster?

>> america's latest gold rush. when even reality tv fans are watching shows like gold rush and yukon gold, is that a signal that the bubble has burst? for centuries, investors have depended on gold as a safe storer of value in the face of rising prices, but now the precious metal's luster seems to be fading. gold prices are down more than 20% since september. what's going on? and why now? is gold still a safe haven? economic growth number s out of china are reason enough for investors to worry. slow in growth in the world's second largest economy would mean lower demand for precious metals with industrial uses like goild, but some aren't buying it. >> a lot of people are taking that as evidence the world is slowing, no inflation, commodities are dead, get out of gold. that is not the deal. this is real desperation on the part of the west to set off some sort of panic so no one will ever go near gold again. >> the move out of gold would suit many central banks just

fine because lower gold prices imply higher confidence in their monetary policies. right now, they could be summed up in two words, print money. that confidence may have pushed investors away from gold and into stocks, which are now trading near all-time highs. but it can't last forever. all that extra money in the financial system could fuel inflation, and that would make gold attractive again as a safe hedge against rising prices. >> my suspicion is that gold's looking for a bottom, either this month or next. and you'll likely see gold resume its upward trend in coming years. >> it costs around $1,200 an ounce to extract gold from the ground, and some gold miners say as long as prices stay low, digging for gold isn't world it, but mario robeanie predicts gold will continue to fall. he says it could reach close to $1,000 an ounce by the year 2015. coming up, see this? see this? you know what this is, but now

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has apple lost its shine? competition, lawsuits, congressional hearings. it's still the most valuable brand in the world, but this stock supernova has been falling to earth, tumbling about 40% since last september. still, every hour for the last year, 11,000 iphones, 3,000 ipads, and 2,000 mac computers are sold, that's every hour, but apple has been fighting lawsuits all over the world, and now the company that changes the world is not allowed to sell several models of its products.

some hoolder ipad and iphones o the at&t models base a chip based on samsung, the device that may have made the personal computer obsolete was taken from its biggest smartphone competitor. apple is vowing to fight the ruling in federal court, but samsung isn't just challenging apple in the legal world. it's challenging apple for its very dominance. new research shows samsung may have over taken apple in u.s. smartphone sales in may, couple with scrutiny from congress over taxes, could this appleby headed for its expiration date? i'm joined by andy. andy, can apple recover, or are the glory days over? >> it depends on what you think the glory days are? no, i would be shocked if it ever were again. >> about the patent issue in particular, the idea they can't import any of these more in and

they're made in asia because they can't bring them in because the international trade body said they can't, you think it has minimal impact on the bottom line for apple? >> yeah, the practical implementation of the ruling is that apple can't sell iphone 4s and ipad 2s to at&t. by the time the ruling goes into effect, if it's not vetoed by the obama administration, the iphone 4 probably won't be for sale very much longer, so the reality is it's going to have very, very little impact on what apple sells. >> let me show you an apple versus google chart. you can see the tale of two tech companies. a lot of people tell me, people who ask about the stock market, should i buy apple or google, what does this tell you? this chart, what does it tell you about both the fortunes of google and the fortunes of apple? >> it tells you the future of the industry is in software and services. people perceive google's

services to be better than apple. >> could happen surprise us again? we have counted them before and led by steve jobs, they have really, you know, had a renaissance. could thad happen again? >> yeah, yeah, sure it can. look, the reality is they set the bar so insanely high, right? they created the two most successful products in the history of consumer electronics in a five-year period. that's really hard to replicate. and so you know, people expecting them to do it again isn't really fair to a certain extent, but this is still an incredibly innovative company in my mind. it's got a massive engine of internal software and hardware development and really loyal customers. >> loyal customers now a dividend so maybe now the share holders will be more loyal. >> and buy back. >> exactly. andy, senior research analyst, thanks. coming up, the economic recovery is turning four years old, but are you celebrating? we'll get to the bottom of it

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happy birthday, economic recovery. you're now four years old, but too many americans areants joining in the celebration. i'm christine romans, this is your money. june 2009 marked the end of the great recession. four years later, the gulf is growing between those doing well in the economy, and those are doing well, and those still struggling to get by. maintaining a foothold in the middle class is no longer guaranteed. it's time for repositioning, america. it's one america, but two economies. >> a milestone day for the u.s. stock market. >> for the stock market, the best of times, but for america's middle class, not so much. household incomes down $4,000 since the year 2000. because in today's economy, the american dream sometimes feels like a pipedream. higher paying jobs that once belt up this country's middle class are disappearing. stagnant wages and low paying jobs the new normal in america

with one third of americans now making less than $24,000 a year. while all that may boost wall street's bottom line, it only squeezes u.s. workers. so how do you get ahead in today's economy? >> you're going to need more than just a high school education to succeed in this economy. >> still, good advice for members of america's future middle class. but not all college majors are created equal. degrees in engineering and health care are in high demand, but fields that once helped transform the country through their innovation and creativity, architecture, anthropology, film, increasingly add to america's jobless line. as america repositions itself following the great recession, what does your future hold? aeroeona huffington is the host of huffington group. fareed zakaria is the host of gps. too many graduates coming out of school with a mountain of debt

and they might not have a major that will be rewarded. some degree categories, there's 50% unemployment, is america eating its young in. >> i thing it is. first, the kids have to get sta smart and realize if you're getting a degree in social psychology you're not going to be as employment as if you do it in engineering or any technical discipline. the young have to focus on the skills they need, and that may not always be a four-year degree. the piece that we're doing, which is destroying the gateway to the middle class is what we're doing with affordable education. state universities used to be these gateways, you had to pay almost nothing to go to universities like berkeley and michigan. now you pay tens of thousands of dollars. all that is producing student debt. and that makes, you know, this was the whole idea of the state universities, was that they provided people who really didn't have the opportunities, couldn't game the system, didn't know how to get into the ivy

league, with a path into a good paying job. and that, we the public part of that bargain, has collapsed. >> for a long time, we sort of had this mirage in america that a thriving middle class meant kids could go to college, maybe the first or second generation of their family and find themselves there, take five years. they could have a major that maybe the economy wasn't going to reward because in the '90s, we created 24 million jobs in the country. those days are over. you talk to politicians and ceos and leaders. what do they want their kids to be when they grow up? >> well, clearly not what is happening to the majority of kids because even the kids who have jobs often have jobs that are not relevant to what they got their degrees in. my daughter graduated from a great college, yale, last year, and a lot of her friend are waitressing. this is even with an ivy league degree. and then the burden of debt is

something incredibly significant. we have about $30,000 worth of debt per kid. the amount of student debt is $1.1 trillion. more than credit card debt, more than auto loan debt. >> what that means for the economy, which is why we're focusing, repositioning america, the young people, because they're going to buy a house later. they may be less likely to get a mortgage. they're going to buy a car later, have a household creation, they might get married. the millennials could change the pattern of the american economy because of all these factors. >> the first thing, the most dangerous thing that might happen is they might not get a job. if you look at what has happened in a place like europe, cyclical unemployment becomes structural unemployment. if you have been unemployed for two or three years you're less attractive to an employer looking around. they tend 2to look for people

with five years of experience in work or somebody fresh out of college because those people are cheap. if you have been out three years, four years and you have neither the experience nor do you have the fact that you're fresh out of college, the feeling of novelty, you might not get the job and then you become permanently struck chatu employed. and you lose work habits. the act of going to work every day makes you better at it. like anything in life, the more you do it, the better you get at it. it's a huge problem and you coulden end up with people who have been unemployed for a decade, two decades. >> we saw the government unemployment statistics. that has been a stuck, stagnant number. >> also, half of them are young people. that's the interesting thing. it's not just the tragedy of over 4 million people being long-term unemployed, but over half of them are young. it breaks the natural cycle of things, if you play by the rules, you do everything right, you graduate with a good degree, and then you can't get a job.

>> i think, yeah -- >> that's why i think one of the interesting phenomenon are how many young people now are going into unconventional careers. in either doing their own start-up or joining with friends to create their own start-up. >> i think entrepreneurism should be taught in every college. a lot o these kids are not going to work for the same company for 20 years. they're going to work for a lot of companies or make it for themselves. that's something a lot of universities are trying to embrace. don't go anywhere. the world's two biggest economies are coming face-to-face. president obama meeting with china' president. how does america reposition itself. what do beyonce, john legend, madonna, and fareed zakaria's wife have in common? the answer next. "easy like monday morning." sundays are the warrior's day to unplug and recharge.

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earlier we talked about a birthday, the u.s. economic recovery just turned four years old. now an anniversary, 24 years ago this week chinese soldiers gunned down unarmed protesters in tiananmen square. the iconic image of that crackdown, a lone man facing down a tank, who can forget that? much has changed in those 24 years. there is a rising middle class with real money to spend and much has stayed the same. economic reform has been divorced from political reform. fareed zakaria and arianna huffington are still with us. they say china will overtake the u.s. economy by 2016. that's the backdrop the president has when he meets with china's new president. how does america reposition itself when we have central

bickering and they have central planning? >> china has been amazing at industrializing itself better than any country in the world, but just take a pause. when you see that 2016 figure, that's on the basis of something called purchasing power parody. it is too technical to get into. the simple fact, china has a $6 trillion economy in dollars. ours is $15 trillion. because of their size they'll catch up for sure and actually not by 2016, much later. the point is china is not a super power yet. the military spending is a quarter of ours and most importantly they don't have that broad mentality of thinking to themselves what is good for the world? how do we provide stability in asia? how do we provide stability in the persian gulf? how do we keep the sea lanes open? they're not doing that stuff. we should recognize they're rising. we should be respectful. we should try to get them to help us uphold this open world economy and this open world system and, you know, for now and for a long time for the future the united states remains

the guarantor of peace and stability in the world and we need china to come in. >> there is one area where we are clearly lacking, and that's infrastructure building. i mean, the other week we had a bridge collapse which went beyond the bridge collapse. it is symbolic. of what the president spoke a lot about in the campaign. he would stand in front of bridges and talk about the need to rebuild our infrastructure, but it's not happening and that is absolutely critical. public investment is necessary right now, and it is not happening, and there is no real focus on it in washington. >> and ties into the earlier part of the discussion. the single biggest way you can produce jobs, real jobs in this economy is an ambitious plan along the lines of what arianna is saying, build out our infrastructure, revamp the airports, the ports, we need our ports to be better to be able to take the new big ships that will go through the panama canal. that will produce real jobs, high-paying jobs.

you can't globalize the stuff. you can't, you know, you can't outsource the building of infrastructure. this is the area where you have the highest unemployment rate. >> it sounds wonderful but they can't agree on whether to drink coke or pepsi in washington. they can't agree on anything. >> it has to be a priority. a lot of the hardest things that happened in this country, whether it was civil rights act or any major shift, does not just happen without at least one leader, in this case, the president just staying on top of it day in, day out. >> there is one ray of hope which is this new book out, called "the metropolitan revolution." it points out politics are broking in washington, but at the level of the cities, a lot is happening. look at rahm emanuel. he's trying to create this public/private infrastructure fund which will repair chicago's water pipes.

chicago's water pipes are 100 years old. they have 25% leakage. some of them are made out of wood. you have to fix that. >> you have such low treasury bill rates. interest rates are still so low. to borrow that money, you can't talk about borrowing money in washington. before the break we asked what these people had in common. all four took action to advance the role of women in the global economy this week, beyonce, john legend, madonna headlining a concert for london women's lights, and zucario spoke at the huffington post first ever women's conference. tell me about how women can drive the real economic recovery? the point of the conference was to redefine success, that women need to lead the way, to redefine success beyond money and power because now the american workplace is fueled by burnout, 24/7 work, sleep deprivation, and the results -- >> have you been talking to my staff? >> and to your husband. it is not good for our well-being. 75% of health care costs in america are because of chronic

preventible diseases. it is not sustainable. it is not good for wisdom. it is not good for the decisions our leaders make. at the mccain institute, actually, the former prime minister of israel just gave this advice to future leaders, get more sleep. i know it sounds prosaic, but if you're sleep deprived, if you're not connected with your own center of wisdom, you're not going to make wise decisions. and we have incredibly smart people running governments. running businesses, making terrible decisions. >> so the takeaway from today is get more sleep and do a big infrastructure build. that is what your takeaway from this program, so nice to see both of you. thank you. you can see more of fareed on his show every sunday 10 a.m. and 1 p.m. eastern and this week in the wake of president obama's summit with the chinese president, fareed will talk to the american who perhaps has spent more time with president

xi than any other, henry kissinger. in 1984 george orwell imagined a world where the government spies on its citizens with hidden telephones and telescreens, he published that 20 years ago, and today, they're looking at your phone records, online communications, maybe your credit card transactions, the tradeoff between your liberty and your security, that's next. written by people just like you. with angie's list, i know who to call, and i know the results will be fantastic. angie's list -- reviews you can trust.

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your liberty versus your security. since september 11th, the two are in heated conflict, and that conflict came into sharp focus this week. we now know the government obtained a secret warrant in april ordering verizon's business services division to turn over data on every call going through its division. it is the extension of a top secret program going on for years. the obama administration says the national security agency is compiling data. >> nobody is listening to your telephone calls. that's not what this program is about. >> it looks like this data mining, the collection of vast amounts of information, went beyond simply phone calls.

reports followed that the government is tapping directly into the servers of nine leading internet companies including microsoft, yahoo! google, several of these companies deny they've handed over any information but the government now admits that for the past six years, it's been collecting information on foreigners overseas from the nation's largest internet companies. and now a report that data mining may have also included credit card transactions. that's according to reporting in the "wall street journal." tom fuentes is cnn's law enforcement analyst and former fbi assistant director. he joins us now through skype. tom, i really want to ask you first, unpack this for me. what is data mining? what are they doing with all of this information they are collecting? >> data mine something basically like coal mining. they are getting shovel fulls of information an putting it in a big bucket 57and it is sitting

there until they need it to analyze in terms of a given phone number, who that number calls or is receiving calls from once there is a suspicion about that number or the person who subscribes to that number. right now we are talking about, it sounds like, the phone companies -- at least verizon in this case, is turning over probably 80 million to 100 million phone calls per day to nsa and they're going into nsa's computer system for storage. later if there is a particular number that comes up as suspicion or an individual that comes under investigation for a possible being involved with terrorism, let's say, then they can go to that number and analyze all of the calls to and from that number. >> they might need a court order to do that. now it is sitting in a warehouse -- >> the department obtained the information as far as the bulk information by court order in the first place. so already you have three branches -- all three branches

of the government involved. fbi and nsa from the executive, congress of course passed the lawyer and has said that they think it is legal and then you have a fisa court judge, foreign intelligence surveillance act judge saying to the phone companies turn those records over to the nsa. >> you can imagine a situation like the boston bombings. in that kind of situation, the government could make sure it has access to all of that information while it is following the threads of a terrorist investigation. >> right. instead of having to go to 15 or 20 different separate phone companies with spubpoenas for that information and find out that information may be purged already, this way it is one-stop shopping for counterterrorism

analysts to say all of the information is in the computer system of nsa and can be accessed at a much later date. someone like tamerla tsarnaev, look at every call made to him, how long were the calls, if it was a cell phone, where was the cell phone at the time of the call which can also be determined by phone companies. >> tom fuentes, thank you. coming up -- whoops. you said a four-letter word at the office. well, they got away with it. >> [ bleep ]. >> [ bleep ]. >> nobody's [ bleep ] doing anything. >> so is it ever okay to swear at work? and what does it say about you? [ male announcer ] erica had a rough day.

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every drop an f-bomb at work? cursing on the job? it can hurt your career. >> yo [ bleep ] don't watch us play throughout year. >> reporter: you hear it in sports. sometimes there are fines. in corporate america, there are reprimands. potty mouth just earned the ceo of scott's miracle grow a unanimous reprimand from the board. we don't know what he said, but he apologized for "colorful

language" in th. after this, joe biden whispered in the president's ear. george bush colorfully described a "new york times" reporter. >> melissa leo let the f-bomb fly when she accepted an oscar. and yahoo!'s former ceo was -- >> excuse me. i knew that would slip out one of these times. >> boy, that timberwolf was one [ bleep ] deal. >> reporter: so is it ever okay to swear at work? >> an occasional f-bomb is not going to be a supreme court case. under most company's policies these days, offensive language includes swearing is prohibited. >> reporter: and your boss is listening. a career builder survey finds 57% of employers would be less likely to promote someone who swears in the office.

still with, 51% of workers admit to doing it. even people paid to watch their words like new york city broadcast legends sue simmons a and ernie nasdas dp. >> the [ bleep ] are you doing? >> takes a tender man to make a tender forecast. >> newsrooms are notorious for naughty language. >> everybody calm the [ bleep ] down. >> the culture does play in to how the conduct is viewed in the workplace. for example, in the construction industry it is much more common. in many financial services companies on the trading floor people using the f-bomb is pretty common. >> reporter: but in most workplaces, watch your [ bleep ] mouth. >> that's interesting. some people say, look, sometimes there are situations there is not a word that's better than a curse word. others say lacks imagination and immaturity at work. got a potty mouth boss?

25% of employers swear at their workers. it's a damn shame. welcome to the "cnn newsroo newsroom". i'm fredricka whitfield. a lock at the top stories at this hour. identity of the man who leaked the nsa surveillance program is revealed. he is a former cia employee and he says he is voluntarily coming forward because, "i have done nothing wrong." a fifth victim has died after a terrifying shooting spree at santa monica, california. she was going to buy textbooks for school. the latest -- next. if you're having a if you have time getting your hands on concert tickets, you're not alone. wh