he is straight talking about teachers and budget cuts. >> he also called out some people in his own base, so to speak. >> exactly. >> who don't have the most open-minded views of muslims in america. >> there you go. >> very interesting. >> that's going to do it for us. we will be back monday at 6:00 a.m. but right now, deb feyerick takes over in the "cnn newsroom." >> good morning. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. here is the stories talking this morning. july jobs report better than expected. more than a hundred thousand new jobs created and unemployment dropped slightly. wall street still jittering, though, after yesterday's plunge. thousands of faa employees and contractors going back to work. congress has reached a deal to end the agency's partial shutdown. tanks and snipers can't deter anti-government protests in syria. thousands again tag to the streets, demanding president assad's ouster.

we begin this hour with a snapshot of the economy. new numbers deepening fears and some perspective to keep your own panic in check. first up, the new jobless report just minutes ago. we learned the economy added 7 117,000 jobs last month and that is better than expected. and unemployment has fallen slightly to 9.1%, still high, but, overall, it's welcome news, especially after yesterday's huge plunge on wall street. our reporters are covering all of the angles. ali velshi breaks down the new jobs numbers. alison kosik looks ahead to wall street's open later this hour and jim boulden looks at the markets in europe and we also do the same in asia. at the white house is brianna keilar. ali velshi joins us to break down the new jobs numbers. 117,000 jobs, better than expected, but really to make a dent in unemployment it's got to be higher than that per month,

correct? >> yeah. >> reporter: i i tell you how it works out. this is a net number. take the number of jobs and totally created minus the jobs lost. we 154,000 private sector jobs which is really where you want to see that growth. then you subtract the government jobs that were lost and you come up with 117. here is what we were expecting. about 75,000 jobs were expected so we got 117. you see there 154 added in private sector, 23,000 government jobs were lost. the sheer number is an improvement. the unemployment rate you know, deb, i'm not a fan of talking about has dropped from 9.2 to 9.1% and hear about that a lot today. put that aside. we need to talk about job growth. the other thing that is important this happens every month. we get a revision to the two prior months because more data and it's more accurate. here is what we found. in june we thought we had gained just 18,000 jobs. that was very, very weak.

we now learned we gained 46,000 jobs in june. again, not a good fum, but a lot more than we thought. and back in may, we thought we had increased about 25,000. it turns out we gained 53,000. the whole picture going back a few months is better than we expected. probably buys us a little bit of breathing room. the downside to this, of course, is with everything that has been going wrong in the last couple of weeks, including this market downturn we had yesterday, there were some sense this may prompt government to intervene more. that had some people hopeful. this may sort of keep things on the rocks for a little while. >> quickly, is washington going to be able to get a grip on jobs growth, given what we saw happening with the debate over the debt ceiling? >> reporter: a good question is washington going to get anything done. a sense that things can be done to stimulate jobs growth. a payroll tax cut and credit to

employer to hire people is possible that might get done. i think if anybody knows about the economy more than two weeks ago is that this is serious and we are going to have to find a way to stimulate jobs growth. this isn't enough but better than what we were expecting. >> ali velshi, thanks so much. wall street reopens in less than half an hour. closing bell, wall street had lost all of the gains made in 2011. the dow tumbled more than 500 points and major indexes lost 4% of their value. sounds ominous, right? here is historical perspective. in terms of points, yesterday was the ninth biggest one-day loss that wall street has ever seen. consider this. as far as percentage drobs go, it was more like a bump in the road. its rank among the worst? 116. so the big question, will the markets rebound, or are they going to sink even lower? alison kosik is keeping a close eye on the final minutes before the opening bell. alison, what is the mood? what are you seeing there?

>> reporter: deb, you know what? immediately when that report came out, you could hear kind of a positive reaction, to say the least, on the floor. you heard some chatter showing that what traders and wall street seems to be pretty happy with this and you can see that in the futures. when the opening bell rings it's expected we will see stocks start in the green, which is something we haven't seen in a while here on wall street. i tell you what, wall street needed good news at this point. we could wind up seeing what is known as a relief rally after the 512-point plunge on the dow jones industrials jed. it was the ninth biggest point drop ever as you said. the stock market lost 800 billion in value in just one day. it's absolutely a huge number. then you look at the dow and s&p overall. they are down 10% from their recent peaks. we should see a nice bounce this morning with 117,000 new jobs added. it really was, the number was much more than economists were expecting and, true, it's not

enough for a rebound to make up for the more than 1,300 points that the dow has lost the last two weeks. when we get the pop at the open, we will take the green arrows at this point. although i did speak with some traders right after the report, deb, and found out that you know what? we may have a rally at the top but it may fizzle out at the at the end because a lot of traders don't want to go into the weekend holding those positions. >> it will be interesting to watch. we will check back with you later in the morning. thank you. overnight, markets tanked around the world. let's check in, first, on the trading in europe. jim boulden is in london. how much had the european markets fallen overnight? >> overnight, it was, obviously, a really bad day on thursday here in europe. this morning, wasn't very good either. i can tell you we have had a complete reversal, a relief rally the last half hour, specifically because of that u.s. numbers. we are now seeing shares in paris up more than 1%.

we already saw shares in spain and italy higher as well. we are still shares down here in london but well off their lows. it was a bit of a immediate pop. i should be caution, of course. the markets are well down for the year and terrible day on thursday. the last two days, it's been the last 30 minutes of trading in europe we have seen a real side so we have to keep our eyes closely on there. big relief right now with the u.s. jobs number. >> jim bode bolduan, thank you. cnn's anna koran is in hong kong. what is the picture like there? >> reporter: it was a blood bath really here in asia. the threats of a global financial crisis certainly sent markets here in the asian pacific into a tail spin. hong kong's hang seng was down 4.3%, s&p 200 was down 4%. now, that was the biggest drop in two years down under.

the 60 billion dollars was wiped off the stock market in australia. investors certainly hit hard down there, the reason being commodity prices. so closely linked and sensitive what is happening in the u.s. and this volatility in the world economy at the moment. the knnikkei closed down 3%. certainly an ugly day in the asian pacific. >> thank you. investors sending a clear message something has to be done vis-a-vis the markets. it clouds the future of the obama administration. just a couple of days ago, the president acknowledged his unfulfilled promises on turning around the economy. he said he knew the climb was going to be steep. he just raent redidn't realize steep. yesterday -- >> our things have to be on the things we can control which is take the necessary measures and working with congress to ensure

that our economy grows, that we create jobs. >> brianna keilar is at the white house. is this the reaction we should expect? is this enough? >> reporter: this is the reaction we have been hearing from the white house on things like how the markets are reacting and also to a degree, deb, when it comes to the credit ratings agencies. they say they can't preoccupy themselves with things they can't control and instead are using all of their energy to focus on things that they can control to try and get the economy recovering to a greater degree and whenever you talk to the white house or you listen to president obama, you listen to white house press secretary jay carney, you'll hear an emphasis on some of the things the white house is pursuing, an extension in the payroll tax cut, extending unemployment benefits, the free trade deals before dong and infrastructure spending and patten forms. critics are wondering and even supporters of the obama administration wondering if that

is really enough and also if the president really has enough tools that he can really continue or tools that he can actually really do something substantive and, obviously, the markets are reflecting that. some economists raise questions about whether the recovery is slowing, whether perhaps this would be a double dip recession. the white house says that they do not believe the economy is headed for a double dip recession. >> it's going to be tough also. the president believes in investing to create jobs. house speaker john boehner has said stimulus spending is misguided. are we going to see a stalemate over the next year? >> reporter: those are certainly two points of view that are very difficult to reconcile for sure. there's a tremendous appetite here in washington to cut spending and there are a lot of republicans who say, and most republicans, if not all of them, say that the stimulus was a plan that failed and they have no appetite to continue with more

of that and that is why even some supporters of the president wonder if his hands might be tied in terms of what he wants to do and some republicans say so they should be because they feel that was a failed program. deb? >> brianna keilar, thanks so much. we will check back with you later. the president expected to speak on creating jobs for veterans. one positive development on the jobs front. thousands of faa employees and contractors are heading back to deal. it restores faa funding but only temporarily. transportation secretary ray lahood says it's basically a band-aid. >> we need to begin working next week on an faa bill. so that we don't have these kind of problems in the future. and there's a commitment on the part of senator reid to get people together and to get a bill. >> and the senate makes the faa deal official next hour. have you looked at your

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market correction, that much is official. should you be worried about your own investments and is it time to panic? clyde is a lifetime coach and cnn contributor. you're going to tell me it's never time to panic, right? >> not to panic not if you're an investor. real investors don't panic. the market is cyclical. it will return.

>> what would you tell your mom if she wanted to move her money out right now? is it a good time to do it? >> you have to look at the age. what age is my mother and what is she looking to do? retire soon and how much does she need to retire? you have to look at those things. some people 60 and upwards may say i have enough money right now to retire and i'm fine so i don't want to play this game and be stressed out and not be able to sleep with my money in the market with uncertainty. >> what are the rock solid tips that people really need to know? >> several tips. i mean, up with of the things, don't panic. you have to understand what risk is. you definitely have to understand what risk is. don't panic. this is a long game. over the last couple of years the stock market has been doing pretty well. now it's going take a hit with the debt talks and a lot going on there is uncertainty so you have to hold your position and make sure you know what you're investing and if you have mutual funds know what is inside of that retirement account. are you investing in treasuries and what other things are you investing in? >> it's hard to do. when you think about it i look

at my statements and all of these names and numbers and percentages. and it can be very confusing. but what is the simple strategy quickly? >> if you're doing your own investing invest in what you know. you have staples out there things have been around. johnson & johnson things you know will not go away. that is the defense equity position. hold that. make sure you know what you're doing. the one thing, don't panic but have someone you can trust you can rely on as far as a broker or someone you're getting your wise counsel. that is the one you're going to look to for this advice during these turbulent times. >> funny. i remember when the market reached 10,000, people went crazy and couldn't believe how high it is. now it's at 11,000 and people are panicking. have we become greedy? >> i think we get comfortable. we get comfortable in seeing these growth spurts and comfortable in seeing this and we don't look at the long picture. you have to look back at history and history usually repeatsityself. if you go back and look and see what the market has done in the past you will see it's a cycle we are going through and you have to expect some of this. the market is uncertainty and

talking about lose aring our aaa rating a couple of days ago. investors are skittish. a lot of people know investors will sell their stocks and drive the market down so this is a great time to buy when it's at a low. >> clyde anderson, thank you so much. we will check in with you later on because i know you have a lot more advice and more tips. thanks so much. >> my lesh. are will the market pay off the bad or good news today? yesterday it plunged more than 500 points. we will will live to the stock exchange ahead. on the powerful c300 sport sedan. but hurry before this opportunity...disappears. the mercedes-benz summer event ends august 31st.

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we are just a few minutes away from the opening of u.s. markets. the big sell-off yesterday on u.s. markets and then overnight in asia and europe. how will these jobs numbers play into trading? alison kosik is at the new york

stock exchange. alison, how are futuring looking as we head toward the opening right now? >> reporter: we have still got green arrows at the opening bell coming up in about ten minutes. it's not enough to wipe away the damage we saw happen yesterday. but at least it's going to stop the bleeding that we saw. you know, investors are definitely breathing a sigh of relief on the better than expected jobs report showing 117,000 new jobs were created last month. i think you saw a lot of this yesterday. you know, a lot of investors were buckling their seat belts and adjusting their head gear and bracing for a big disappointment and thankfully they didn't get one today but they are expecting that because we have other negative numbers about the economy recently. a big welcome relief to see the stronger jobs number that was expected. we saw upward revisions in may and june. keep in mind, we have a long way to go. 14 million people are out of work. it's going to take years to chip away at that number. deb? >> all right. alison. when you think about it, in june, i believe it was, 18,000

jobs were added. that was much lower than anyone anticipated. is there any indication where the new jobs have come from? >> reporter: well, actually the june number that we found out today was revised upward to 46,000. so it wasn't 18,000. we learned this morning. that is what happens. they go back and the labor department reviews the numbers and adjusts them so we saw the 46,000 were added in june. where did the jobs come from? health care, 31,000 added and retail added and retail 24,000 jobs added. even though we are seeing jobs added, this is a good sign but you need to see consistent growth to really see it kind of help the economy out because, you know, we have lost so many jobs. we lost 8 million jobs during the height of the recession and we have only added back 2 million jobs. we're a long ways off but at least this is a step in the right direction. >> alison, thanks so much.

we will check back with you in a little bit. let's see if we should be throwing cold water on all of this. ali velshi joins us again. for those of us who don't watch the markets come and go on a daily basis what is the reality check here? >> reporter: i wish i knew, deb. there was a time when i knew these things. look. i'll tell you a couple of things happening. markets are likely to open higher right now. this was not a gang-buster's number and wasn't terrible and as you discussed with alison, it was better than was expected. but there are a lot of influences on the world markets. i mean, yesterday's sell-off wasn't actually about the u.s. economy. largely, it was about the european economy and that problem didn't get solved overnight. unclear. people will buy stocks because the jobless number indicates it's not as bad as we thought it was. one week ago we got the economic growth numbers and those were lower than we thought. on monday, we got manufacturing numbers. those were lower than that we thought. on tuesday, we got consumer

spending numbers and those were lower than we thought. all week, everybody is talking about double dip recession. while the jobless numbers aren't strong indicate we are not going in the wrong direction. a time so sit and evaluate. everybody is jittery and something happens. . in the middle of the day someone will say something and next thing you know the market turns around. no, i wouldn't say we are out of the woods on anything right now. i would say the cold water that i will sprinkle on this is that there was a real sense that the economy had taken such a turn downward or leg down, that the government have to come in with some other form of intervention and some saw that as a positive. i know in washington it wouldn't go over we vl. now with the jobless numbers, people sit back and say it wasn't as bad as we thought. >> one strategist said we look at the recovery and simply nothing to hang our hats on. are the u.s. and globe economies lost at sea a little bit that they don't know exactly what direction it's going in or what

is going to happen next? what is happening here? >> reporter: i think that's exactly it. look. we have seen corporate profits, it's been earnings season, the report card on how companies are doing. doing phenomenally well. profitable and have a lot of cash. while a lot of people will say it's uncertainty about government regulation and taxes and debt ceiling and all that that is preventing companies from hiring, i think there's some truth to that. there is probably more truth to the fact that on tuesday, we saw a number about consumer demand that indicates that not everybody is buying stuff, whether it's companies or individuals. so companies aren't hiring because they don't see the demand there just yet. we are on a tipping point and haven't tipped completely over to the side of full and robust recovery but haven't tipped over to the side of recession again. i have to tell you you can probably see the relief in my face because i was worried that this was going to be a bad number and i didn't know how the world was going to react to that. i'm relieved. i think we bought a little extra time. >> i think everybody is breathing a sigh of relief today

and maybe a kind of stop the momentum downward which could be a good thing which is what we will watch today. ali velshi, thanks so much. we will talk to you later. we are coming up to the opening bell. what is going to play bigger? a better than expected jobs number, or the hangover from yesterday's global market plunge? in three minutes, we are going to find out. [ male announcer ] you have dreams for your children.

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wall street reopens in less than two minutes. yesterday's upheaval is on everyone's mine. the closing bell, wall street had lost all of the gains made in 2011. the dow tumbled more than 500 points. all three major indexes lost 4% of their value. sounds pretty dire, right? alison kosik is at the new york stock exchange. ali velshi at cnn in new york and poppy harlow from the cnn money set. poppy, something interesting happened and that is that people

went much more toward safer things. treasury, bonds basically yesterday. >> yeah. >> reporter: isn't it an interesting transition, deb? when you look at a week ago, we didn't have a debt ceiling deal, we didn't know if the u.s. credit ralt rating would be downgraded. what we saw yesterday people jump out of the stock market as the day progressed, as the losses got worse on wall street and jump into u.s. treasuries. what i thought was so interesting was just the short-term treasury, the one-month t-bill as it's called. that was at one point yesterday issuing a negative return, .01%. that means people were paying the u.s. government slightly to hold their money. they felt that that was safer than being anywhere on the stock market. when i mean anywhere, i mean that because we saw losses across blue chip companies. all of the dow 30 were down from apple to google to the biggest oil company in the world,

exxonmobil to general electric, you name it, taking huge losses and people jumped into what they viewed to be the safe haven of the u.s. government. >> we are looking right now at the opening bell just about 13 seconds away. everybody clapping there. just a little bit of enthusiasm, encouragement as this gets under way. okay. let's hope some of that enthusiasm translates to the investors there. ali, i want to ask you. aren't companies going to be posting a profit? i know it doesn't look good right now, but for the most part, companies are doing pried well th pretty well this year. >> reporter: american companies are doing pretty well. because of that more than half of the revenues of the companies we are looking at on the dow for instance or the s&p 500 come from overseas and there are strong economies in the world right now, including china and india, while the growth in china is weakening a little bit it's

still very strong and even growth in africa is running three times or more what the u.s. is. africa is a complete continent. so the bottom line is these companies like coca-cola, mcdonald's and general electric and general motors sell a lot of products and services overseas and those profits come back to the united states. a flipside of outsourcing. these companies are doing well and sitting on their money. they are not investing or hiring new people. we are not sure whether there is going to be some kind of stimulus from the government in terms of a tax credit or something like that to promote hiring but that is what is happening. there isn't enough demand in the united states to promote job growth in small businesses and there isn't enough to cause big businesses to hire but you can see here, that's a nice sign to see that market opening up 125 points at the start. so far, everybody is breathing a little sigh of relief about this jobs report. >> alison, you can see how quickly it is moving up which to the average investor the person at home watching. it's doing pretty well. could all of the losses be

perhaps recovered within the hour? >> reporter: well, that's really probably doubtful. we had a 412 drop yesterday on the dow. that is 800 billion for the entire market, poofed, wiped out. hard to see if it come back in an hour. 65 points higher on the dow than yesterday on so a good sign. you are seeing the vix that measures fear and volatility in the marketplace and the psychology of what investors are thinking of that fear in the marketplace. we are seeing that plunge 10%. that's a good sign the fear index is going down as well and seeing the biggest gainers, dow, 3m companies and caterpillar. oil fell to 85, 86 dollars yesterday is gaining as well.

not good for us that go to the gas station but oil right now up 1.5%. >> so, poppy, continuing along that line of fear factor, people wanting a safe investment, putting their money into bonds. do you think we will see a pullout of that with more people buying stocks today because they are a little bit lower? >> reporter: i think so. we are seeing it right now. look. this big sellout that was into the close of yesterday was key because of the timing of it. it was coming right before the jobs report this morning and, remember, the trauma that investors went through last month when the jobs report was so much worse than expected. today, it was so much better than expected. 117,000 jobs added in the month of july, a revision upwards. 46,000 jobs added in june and exactly the encouragement investors across the globe needed. prices are lower. when you lose that off the dow stocks are cheaper so you will buy and putting the money to work. it's a friday heading into the

weekend. if we can keep the gains all day it shows us confidence and investors are willing to sit on the investments over the weekend. this is an encouraging sign. ali kept pointing out so rightly all day yesterday, this is a panic we are seeing, this isn't necessarily rational, and that is what we are seeing today. we are seeing a complete reversal of the trend. again, only two minutes into the trading day so let's hold off here before making any assumption but, again, these are companies that are performing very well. they are turning some of them record profits and the stock market is a reflection of how the companies are doing and people look to be having a lot more confidence this morning in them than they were yesterday. >> which is good news. sometimes i feel when i'm watching the market it's like watching 5-year-olds play stocker. the ball goes in that direction, everybody runs in that direction and then when the ball comes back, everybody veers in that direction. >> exactly right. >> hopefully, everybody is running in the right direction toward some sort of a goal

today. ali velshi, alison kosik, poppy harlow, hau. check in with you later on. putting vets back to work. president obama has a plan for troops returning from iraq and afghanistan. he will unveil it this morning. we will have a preview coming up after the break. also ahead, tanks and gunfire in streets of syrian city streets. we will have a live report.

take ago look at the big board. the dow jones industrials is up climbing steadily since the opening bell. the numbers right there. could be a good day. in less than two hours president obama is laying out a plan to help the veterans to find jobs here at home coming back from iraq and afghanistan. brianna keilar, tell us about the president's upcoming announcement.

what does he hope to do? >> reporter: big focus on unemployed veterans and getting them back to work. we have advance information about the plan that would include tax credits to businesses that hire veterans. incentives for the private sector to hire veterans and also more training and career counseling to sort of move veterans into different areas and also new job matching services. the goal that the white house laying out is for 100,000 veterans or spouses to be hired over the next couple of years. what you have, deb, is the white house really pointing to a number that is pretty stark. it's really sort of alarming that the employment, the unemployment rate for post-9/11 veterans stands at 13.3%. this is almost 1 1/2 times the amount of the national average. the white house pointing out that what you have is a lot of veterans who are coming back

from serving overseas so they have taken this hiatus and trying to return to jobs that they had before in manufacturing, perhaps in mining, jobs that have taken a serious hit, including construction in the recession, deb. >> do you get the sense -- the president has been talking jobs, jobs, jobs, jobs, jobs. he said he thought he knew it was going to be an uphill climb but didn't realize how steep. will the president be traveling to try to drum up support is that what it's going to take? >> reporter: who knows if that is going to be what it takes or the payoff for his travels will be, but certainly over the next xe couple of weeks. we have seen the president staying in washington to deal with the debt ceiling issue the last several years. he has been here in washington where normally he would be out on the road or taking a trip or two during the week. the next couple of weeks you'll see him travel a lot and in nearby v. next week and then michigan. talking about high tech manufacturing jobs, something that the white house has been trying to emphasize for economic

growth. and then the following week, the week of august 15th, he'll be on a bus tour throughout the midwest talking about jobs. we are still trying to get a handle on what may be new that the white house is proposing but certainly there is going to be a visual as the president tries to emphasize his jobs message. >> brianna keilar up there in washington for us, thanks so much. check in with you later. checking our top stories now. tens of thousands of people will be going back to work after a senate vote yesterday or today, i should say. congressional leaders agreed to a temporary funding bill for faa workers and airport construction projects. tropical storm emily is now just a low pressure system after breaking up over haiti. there had been concern the storm was heading towards florida. and today is the first anniversary of the chilean mining disaster and some sobering news about the 33 survivors. despite being treated like rock stars after their rescue, the

"guardian" newspaper reports most of the men are now facing poverty and psychological problems. despite a violent assault against anti-government protesters, they are demonstrating again today in syria. take a look at that. residents say scores were killed yesterday in the center of the uprising in hama. snipers and tankers around them and food is running low. arwa damon is with us. it's a gutsy show by protesters but can they hold out some. >> reporter: that is the big test for the demonstrators as we move ahead. how long can they sustain this type of momentum and how long can they keep getting people out to the streets as long as the demonstrators continue to face what they are saying is insdram nation

indiscriminate firing on them. we have seen numerous reports of demonstrations happening in different parts of the country today, again, calling for the downfall of the regime but also to show their solidarity for the military crackdown happening in hama. earlier this this morning we spoke with a res deny of hama and while talking to him one could hear the sounds of gunfire and explosions in the background. a few hours later we got in touch with the same resident who told us the shelling and gunfire was so intense. he was forced to flee his neighborhood. he said he had moved to a safe location in hama but what he was really afraid of was that the military was going to storm into his house and find him with his satellite phone, because he said that would be considered a crime in syria and that he could possibly be executed for it. he had this phone with him because communications had been cut off from hama ever since this military offensive began wednesday morning.

there are some activists that have managed to get their hands on these satellite phones and that is how they are communicating to the outside world. obviously, though, at great risk to their own lives. but, again, another active defiance we are seeing from the opposition in syria. >> arwa damon, thank you so much. incredible to watch. thanks so much. coming up, how extreme heat and high school football practices are proving deadly and what some coaches are doing to help keep their players safe coming up next. tiger woods is just about to tee off in the second round of the bridgestone invitational. he's back on the tour three months after limping off. round one had flashes of the old tiger and we are going to show you in sports. what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and 4g devices like the motorola photon. so let's all keep asking the big what ifs.

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again, we go to our top story. looking at the big board there. growth slowing just a little bit from the opening of the market 17 minutes ago. you can see it there reaching 11,478. let's check the news across the country. police search virginia tech's campus for hours but find no evidence of a security threat. a report of a possible gunman sent the school into lockdown yesterday. a spokesman says alert put into place after the 2007 shootings worked without a glitch. sentencing phase in the warren jeffs trial. he was convicted yesterday of sexually assaulting two

underaged girls. he could go to prison for life. blood in the water at a texas lake. that is what it looks like anyway. the colors is caused by an overgrowth of bacteria that love oxygen-starved water and as a result of low water level and the state's horrible drought. extreme heat in high school football practices are proving to be deadly. four players and a coach dying within a week of each other. all suspected to be heat-related. it has a number of coaches moving practice time to early morning. george howell joins us live from one of the sessions happening now. george, teams and players taking a pretty big risk working out in that kind of heat? >> we are here with the merit high school team on the field for their training camp. it's slightly overcast and we got a breeze and not a bad day to be out here. we learned yesterday they canceled noon day practice because it was way too hot to be

out on the field. experts tell us that can be prevented rather that don't have to happen and coaches having a reasonable approach to practices like this and players speaking up when they feel they have reached their limit. i talked to the head coach out here who tells me that holding up a competitive practice does not mean unreasonable. i remember being in athletics and you hear those expressions play through the pain, suck it up. but does that really apply when it comes to 99, 100-degree temperatures? >> well, i think you're limited on how much you can do in those type of situations. we want to try to shorten practices down when we get to those type of situations where it completely so humid and so hot. if i'm feeling bad, i know the players are feeling bad so something we try to do as well is keep an eye on the coaches because, you know, we just know that they are just much at risk as the players are. >> reporter: so the players on the field clearly sweating and working hard. again, not a bad day to be out

here. when it gets really hot, the head coach tells me they use what is called a wet bulb that measures the air direction, the humidity, and temperature and if it gets to a certain level, they actually cancel practice altogether. deb? >> good measure to follow. george, thanks so much. appreciate that report.

>> well, i think you're limited on how much you can do in those type situations. we want to try to shorten practices down when we get to those type situations where it's so humid and so hot -- if i'm feeling bad, i know the players are feeling bad about so that we try to keep an eye on the coaches, as well, because we know they're just as much at risk as the players are. >> reporter: on the players clearly sweating, working hard, but not a bad day to be out here. but when it gets really hot, they use what's called a wet bulb that measures the air correctio direction, humidity and temperature. and if it gets to a certain level, they cancel practice all together. >> good measure to follow. george, thanks so much. appreciate that report. tiger woods showed flashes of his championship play returning to the pga tour after three months off for injuries. let's check out the action from the bridge stone invitational. tiger had back to back birdies, the first set up by this this shot. the ball spinning back toward the cup. the old tiger. he finished two under par. he was playing with his buddy and british open champ darren clark. clark had the shot of the day on on the eighth hole knocking in an eagle from 185 yards away. it was the one shining moment of the round for clark who finished tied for last. and topping the leader board, od b f 1yes before bet lt nt

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taking a look at the bigboard right now, you can see again a little bit of volatility on the heels of what happened

yesterday. we have learned that president obama is going to address the jobs number when he speaks at 11:00 today. and cnn of course will be covering that live. now, we saw a jobs number this morning that was a little better than expected, but the reality is our national unemployment rate still over 9%. so let's bring in collide lyde n in. what do you it tell your sister in terms of how to find a job? >> i'd tell her to create her own job. you have to be innovative and make your own way. there's a lot of people that need assistance. still a lot of people making a lot of money. we have to figure out thousand circumvent the traditional market and make our own jobs. >> i think the younger generation, a lot of them really feel that they have a keen entrepreneurial spirit, they feel that they can do the job and create a job and create their future, their vision, and

that's a little more difficult if you're 40 or 50 or 60. >> it is. and you have to reinvent yourself. if you're looking for a job, you have to think outside the box a little bit, you have to focus a lot more, but also have to network. find different ways to go about it. it's about networking, networking, networking. find the people that you know or find people that know somebody that know somebody. and try to get in front of them. but again tell your story, let them know what you're going through, who you have and what you have established over the years as far as in your career. >> and that's got to help a lot because it'ses alwa always been than for asking for a job, you're asking for advice. thank you so much for the tips. we're following lots of developments in the next hour. let's check in first with alison kosik live at the morning stock exchange. we're seeing more volatility right now. >> we are. so, yeah, we're seeing stocks, they've given up their early gains after the dow plunged 500 points yesterday.

i'll have more on this coming up. >> reporter: aim brianna keilar they white house where there is construction going organization but the president will speak about getting unemploymented vets back to work and expect him to address the july jobs numbers. i'll have that ahead. >> and i'm poppy harlow in new york keeping a close eye on the markets. with y but also the jobs numbers. we'll also dig into why a lot of american companies are bringing in record profits and not hiring. >> all right. thanks, everyone. looking forward to that. also next hour arc visit from the folks at antiques road show. we'll hear about some of the top treasures they've found and we'll get some of our own stuff appraised.

checking our top stories now, after yesterday's plunge, a better than expected jobs report. more than 100,000 new jobs created last month and unemployment inched down, as well. the salmonella outbreak that prompted a huge turkey recall is growing. infectionses now reported in 26 states, including one death. and the sunrises on another dangerously hot day across the south. heat advisories in place from new mexico to north carolina. we begin this hour with a snapshot of the economy.

new numbers deepening fears and some perspective. first up the new jobs report. this morning we're learning the economy added 117,000 jobs last month. that's better than expected. unemployment has fallen slightly to 9.1%, still high, but overall it's he welcome news especially after yesterday's huge plunge on wall street. the good news on jobs bolstered u.s. markets within minutes stock futures surged more than 1%. and the u.s. markets are open now. our reporters covering all the angels. christine romans breaks down the jobs numbers, brianna keilar is at the white house, poppy harlow at the new york stock exchange, alison kosik. what are the markets doing? >> we are in the red again. easy come, easy go with that relief rally that lasted just about a half hour. we saw stocks turn from the solid gains back into the red despite the better than expected jobs report in july.

but the good news about this is that investors had been bracing for another disappointment. they didn't get disappointment. now the focus is turning back again on the broader problems, the problems about the euro zone, about the european debt issues. that's really what's gotten wall street back into the negative column. but still, they're also turning their head to the fact that we added 117,000 jobs in july. the jobless rate ticking down to 9.1%. it's getting that question of whether or not we're headed for a resegsz, it's moving that question little by little off the table because we're seeing these jobs actually added to the economy, added in manufacture, in health care, in hospitality. so for a moment there, we saw as far as stocks go there was enough to stop the bleeding in the market, just the jobs report not strong enough to put economic fears overall to rest. >> all right. thank you. and christine romans in new york watching all these developments.

117,000 jobs better than expected, but really when you look at it, the economy needs much more. and i was reading something by an italian business leader because their economy is obviously in turmoil, as well, and the leader said we need leadership capable of restoring cohesion. can that happen, can there be the appropriate kind of job growth? >> that's a really good question. and it totally makes sense especially after the debt ceiling debate about that market participants say if we needed to some is some sort of big rescue, even the fed coming back in and doing something else to try to prop up the economy, would we have the political will to do it, and, no, we wouldn't. at least that's what they think and they think that's holding back the market. i want to caution anyone from making too much out of today's stock market action because historically on a day after a very big move, it's crazy and chaotic and you have people trying to square their positions and it has a lot to do with

international currencies and interest rates as much as the jobs report. with that said, this 117,000 jobs created, there were 154,000 jobs created in the private sector. that is good. more than a million jobs created in the private sector over the past year. but you have to have 125,000 to # 150,000 jobs just to keep up. so what this number shows us is that it's good enough for wall street not to be in a free fall, but not good enough that if you're out of work, everything has changed for you. >> are investors sending a sign that they're in a panic mode or do people have to step up so that companies can move ahead, can make plans in terms of creating those jobs? >> yeah, this isn't panic mode. what we saw yesterday, the participants i talked to said it wasn't panic, it was heavy, methodical big selling.

you looked around and didn't like anything you were seeing. there is a lack of cohesion in washington and when you look around the world, or seeing concerns that maybe they don't have a lot of tools to be able to do it. and you also have -- we talked to somebody else this morning who said you also have concern from business owners about they don't really know the landscape for next year. there have been a lot of changes. they look out and say it's still time to have money in the bank if you're a company and not tire too much more yet. >> christine romans, thanks so much. less than an hour from now, president obama due to talk jobs. brianna keilar is it at the white house with a preview. and originally the sole focus of his remarks was a new initiative putting military veterans back to work because they're having such a hard time. that's changing. he is going to speak about the encouraging jobs reports number, correct? >> reporter: and expect him to really emphasize this program for getting unemployed vets who have to do have a much higher

unemployment rate than the national average, expect him to emphasize that but the president has certainly addressed these jobs numbers most months he's been in office and especially with the newspapers being better than expected, we're told that he is expected to address that than expected, we're told that he is expected to address that p p. in the meantime, we do have new reaction from the austan goolsbee, it's his last day in his role, and you heard chris team talking about the private sector job number. 154,000 added. this is when goolsbee is emphasizing. they're better than expected, but not enough to keep up with really what they need to be. the emphasis is on the 2.4

billion jobs he says were created over the last 17 months. so really taking a much longer view to look at an average there. he call this is welcome news, but he says that the unemployment rate is unacceptably high and it will take bipartisan action to solve this. >> 2.4 million jobs obviously great, but with 8 million gone, that's the problem there. and whether you invest and spend money or whether you cut and which one will create jobs. thanks so much. and now we'll bring in poppy harl harlow. i'm sorry, one moment. stay with us for the top of the hour when president obama talks jobs and his new initiative for veterans. that's at 11:00 eastern, 8:00 pacific. and companies have tons of cash in the bank. more than a trillion dollars. so how come they aren't hire something we'll try to find out. also ahead, tanks and gunfire in the streets of syrian cities. still defiant anti-government row it test tors are out in

force. we'll have a live report. what's this option? that's new.

personal pricing now on brakes. tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. despite a violent assault, they're demonstrating again in syria. snipers an tanks are all around them. we're following all the developments from beirut. these protesters, they are really sending a very powerful message that military may not back down, but they're going it

try to hold ons as lon as long can. >> reporter: and they simply don't have enough choice. they have come this far they say and it is now the point in time where the regime either has to step down or they are willing to literally all be killed to try to achieve that. we have been seeing demonstrations again, people chanting for the down fall of the regime, but also their support for the recent didn't s ha hama. the military assault began wednesday morning where in that square where every friday we used to seat massive demonstrations, there are now tanks, in-discriminate tank fire, gunfire, hospitals hard to reach, power has been cut off making it incredibly difficult for those who are in hospitals to received a yacadequate medic

care. we got back in touch and said he'd be forced to move to a safer location. he was terrified that should the military sources detain him, they would find the satellite phone he was using to communicate with us and that would have been considered a crime and he could be executed for it. just another example of what these activists are doing to try to get the message out and to try to keep the pressure on this regime that does not appear as about if it will back down in this military campaign. >> and do these activists have support from the outside is that's helping them, that's kind ofincentive to keep on fighting or are they a little bit alone? >> reporter: well, they do

largely feel as if they are in this alone and they do also, though, recognize that this is essentially their fight. and what they're asking for from the international community is not a libya style nato intervention, but they do want to see the international community putting the type of pressure on the outside regime that will force it off of its current path of military action. so far all we have really seen has been ineffective sanctions slapped on individuals within the government, including the president by the united states, by the european union. we have this presidential statement from the u.n. security council that really has absolutely no legs or impact at all when it comes to the assad government itself. so what activists say has to happen is economic sanctions especially against the country's energy sector. those are the kinds of moves they want to see take place.

>> arrest with a daith >> arwa damon, thank you so much. out of a job? a texas man hits the streets trying to turn his passion into a paycheck. he's today's 30 second pitch. and try to turn clutter into cash, antiques road show has rolled in to atlanta and right into our news room. and on air appraisal coming up. ♪ ♪ ♪ ♪

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let's check the news cross-country. police were at virginia tech's campus for hours but found no evidence of a security threat. a report of a possible gunman sent the school into lockdown yesterday. a spokesman says alert systems put in place after the 2007 shootings worked without a glitch. the sentencing phase begins in the warren jeffs trial. the polygamous sect leader was convicted of sexually assaulting two jund aged girls. he could go to prison for life. >> and broad in the water at a texas lake, that whee 's what i looks like. but either 00 caused by an overgroover gross growth of bacteria and low water levels. thousands of faa employees and contractors are heading back to work after a two week furlough. congress has managed a compromise deal to end the agency's partial shutdown. it restores funding but only

temporarily. let's get the latest from kate boldu bolduan. >> reporter: they just made it official and honestly if you blink, you might have actually missed it. it took less than a minute which we kind of expected because once this agreement in this breakthrough happened yesterday, once this agreement for a short term extension happened between democrats and republican, the senate through a procedure called unanimous consent, they gavelled in about 10:00 and less than a minute later, they gaveled out. unanimous consent sets aside the typical hurdles we see and if no one objected to that, which no one was even in the chamber to object, it's passed. so the short term extension is passed and that gets congress through september 16th which leaves them about a little more than a week once the full senate and house return to really kind of hammer out the differences that still remain. of course the short term extension puts people back to

work which is very good, but this doesn't resolve the underlying issue, this labor dispute over how unions can organize within airlines, it still needs to be hammers out and will be worked on very quickly over the next month. >> all right. wow, look how efficient sometimes things happen in washington. >> amazing, i know. >> kate, thank you so much. well, in a bad economy with such high unemployment, if you're out of work, you've got to get creative before of a text a texas man lost his job, his wheels started turning and in trying to provide for his family, he came up with a way to hopefully profit in fr his passion, cycling. in the meantime, he's still looking for a steady gig. joe joins us live from austin, texas for today's 30 second pitch. joe, first of all, tell us about losing your job. >> well, june 2nd, that was my last day at work. and since then, i've been doing the regular job search and i

basically thought back to when i was commuting back and forth from gourneorgetown to round ro and i had the idea why shouldn't i get paid for this. for our commuters, that would provide an incentive to get out and ride, we just need to match up advertisers and cyclists. >> so you're looking for sponsorship, you're like the taxis in new york that have those advertisements on the top. but you'll have advertisements elsewhere. >> exactly. >> what kind of an impact -- clearly it's so difficult to be out of work, to be looking and to continue to be frustrated. what impact does it have on your family? >> well, you find other things to do. the kids are used to getting toys whenever we walk into a store. and you go out to eat at restaurants. now you plan your grocery trips a little bit more carefully. if they ask for toys, you look

for other things to do at home. you go to the park. you ride bikes. make puzzles. watch movies at home. just spend a lot more time together. i have four children, so i have to keep all those kids entertained and it's a challenge when there's no income coming in. >> absolutely. so, joe, give us your 30 second pitch. people are listening. he will it tell us. >> i've journalism degree from texas a&m. i would describe myself as self motivated anded a don'table before i have a diverse background, i've worked as a published magazine fee h. feature wayer, a quality systems analyst for a leading print and circuit board manufacturer. and i've also worked as a licensed insurance claims adjustor. obviously i would love to work as a copy writer or in the advertising field, preferbly with the cycling industry. >> all right. joe holan, thank you so much. hopefully something will come of

that, but good luck with that bills of yours. and if you're looking for a job like joe, this is your chance to be seen and heard. you can give your 30 second pitch right here on on our air. tell us why someone should hire you, send us an e-mail to 30 second pitch@cnn.com. you may get a chance to make that pitch right here on cnn newsroom at 10:00 a.m. eastern. there may have been a bit of a pump up in jobs in july, but most companies just aren't hiring. it's because they're broke, right? well, far from it. the amount of money they have around will a maze you. also ahead, a visit from the folks at antiques road show. we'll hear about some of the top treasures they've found and we'll get some of our own stuff appraised. [ female announcer ] the healing power of touch can be even more powerful, with precise pain relieving cream. it blocks pain signals fast for relief precisely where you need it most. precise.

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checking top stories, new jobs numbers were better than expected and the unemployment rate fell to 9.1%. despite a bloody government crackdo crackdown, protestors were out again in syria. hama has become the focal point. tanks and snipers have been firing on civilians killing more than 100 yesterday. throughout the u.s., people are trying to stay cool. heat advisories are in place for parts of 14 states today. dallas has had its 34th straight day of 100 degree temperatures. and it has been a dramatic couple of days on the markets after the 512 point plunge yesterday. the dow right now looking at the board there. 11,438.

up poppy harlow is in new york. what do you make of this? >> looking at these numbers, we started off with really strong gains out of the opening gate. we were off 130 plus points this morning and then we saw a little bit of a dip, down about 50, now we're up 50 points. this is the volatility that you've got to snap your seat belt and get ready for because this is the new normal at least in this market lays. this comes after a much better than expected jobs report this morning as you said, some investors are uneasy, is the economy on track, is it not on track. and what we're looking into is a lot of these big companies that have so much cash on hand, they're reporting record profits, but not really hiring right now. and when i talk about a lot of money, i mean a lot of money. $1.5 trillion to be exact. that is how much cash, if you just look at that huge number, 4,000 u.s. nonfinancial publicly traded companies have on their balance sheet. they have tons of money. to put it in perspective for you, that is the same as the entire gdp of can in a today, but even with all this money,

what we're not seeing the big companies doing at love hiring. if you look at small and medium sized companies, under 500 employee, they have hire dramatically particularly. those are the two read bars you see.d bars you see. if you look at big fortune 500 companies, they've cut 22,000 jobs. that is troubling. they account for about 16% of the national workforce, so you've got more and more people sort of in the rallying cry, why aren't the big companies hiring when they have the record profits. google, for example, has hired 7,000 workers over the last year. cisco has laid off 6500 workers over the last year.

so you've got to be concerned about how much cash on hand these companies have, they're not willing to spend it yet. and i want you to take listen to exactly why they're holding all this cash and not hiring. take a listen. >> companies are saying, woah, they have the muscle memory from the last recession and they know that some companies didn't make it through, so they want to really hoard cash unless it they have business beating down their door, they're not going to hire anyone. >> you heard it unless they have business beating down their door, they're not hiring. so a better than expected jobs number, but we're still waiting for the huge companies that we all know so well to hire and right now they don't feel the security they need to hire. they still feel as though we're in an uncertain environment. so of course we'll track the market all day. but again we'll take the good jobs numbers this morning, but again this may not be the beginning of a turnaround for the job market. >> okay, poppy harlow, thanks so much for that. stay with us for the top of the

hour when president obama talks jobs and his new initiative for veterans, that's at 11:00 eastern, 8:00 pacific. and political buzz is your rapid fire look at the hottest political topics of the day. three questions, 30 seconds on the clock. playing today, democratic strategist maria cardona, political talk show host pete dominic and will cane, host of the show cane and abel. the markets tanked. job numbers okay. president obama, what does he do now, any spin he can give this? mari maria. >> i think what he'll do is do what he's wanted to do for months, which is focus on jobs, jobs, jobs. unfortunately in, the last several weeks, the tea party has been able to hold hostage the debt ceiling crisis and that wasted precious weeks of efforts to be able to create jobs.

so now given that the job numbers were better than expected and the revisions for the last two months were better than expected, too, hopefully the tea partiers will join the democrats and the president and focus on jobs, jobs, jobs. >> i think the president has talked about these bipartisan support for the free trade agreements which i think frankly are kind of ridiculous and ross per row told us t perot told thaws in us that in 1993. but there is a great idea of the private public structure bank. so there are some policies that president obama can get done, but as long as he keeps coming out and republicans, too, talking with how important jobs are and we in the media focus on that, i think that will be the most important thing. jobs. >> will. >> listen closely. here's what president obama can do. he can start by diagnosing this

recession clearly and correctly. pete and maria are reading from textbooks of all the previous recessions. this is a balance sheet recession. this is a problem of overleverage from private homes to european governments. you have to understand this is a balance sheet recession and at tact de attack the death. >> so recession, not correction. let's go to our second question here. the fcc about a b. to unveil a new plan that it says will create 100,000 call center jobs in america in an effort to grab back some of the jobs that have gone overseas. but is this really the way to rebuild the economy? will. >> i have a quick story for you. in 1970s, milton freeman was invited to a southeast asian country to consult on a ditch digging project. he noticed all the laborers were using shovels. he said you know this would go more quickly if you brought in bulldozers, dirt movers. and the bureaucratic boss said

you don't understand, this is a jobs program. freeman said, i didn't realize that, we should take away the shovels and give them spoons. governments create the conditions for jobs. not jobs. >> all right. pete. >> that was a really great story that will just told. he also insinuated that i read textbooks. but will was wrong about that one. i haven't done that in a while. a job is a job. i think a lot of americans will be happy to be talking to someone at a call center that speaks english or without a thick accent, but i'd like hear anybody talk about jobs that don't have them. people will take what they can get right now i think. >> and marie, do you think that's the answer? >> i do. but first i wouldn't be so quick to denny deny great a mcjob. but it a big part what have we need to do. the fcc is focused on broadband

expansion. you hear that the at&t merger will create nows of new jobs. broadband expansion is where the future is. the fcc is focused on that and that's a good thing for job creation. >> now the pressure is really on. ten seconds. a new york artist needs 50 people to strip against a protest of a lack of transparency. what other kind of pro tests do you think we can hold that will really get people's attention? pete. >> americans really don't pay that much attention to these issues until they really blow up in our faces like the debt ceiling thing. they're paying attention to celebrities and reality show stars. so maybe if we can get an a-list celebrity put out a sex tape where they talk about exactly what wall street needs to do, otherwise that's never going to happen. so i want the celeb fwrit i srie with facts. >> will.

>> i don't see what's wrong with just getting naked. what's so bad about that? that seems to get attention. i think it's a perfectly great protest. i invite pete and maria to try right now. >> do not tempt me. pete, keep your shirt on. viewers, please, please, stay tuned. maria. >> i think that nakedness is probably a little bit too scandalous for washington, so i would invite americans to come to washington, not get naked, but cover themselves in pink slips, go to the capitol and tell the republicans that they need to focus on job creation. they've been in charge of house for more than acceseven months done zero to create job. >> pink lipink lipslips, i like. all right, pete, will, maria --

now i have to look away. thank you so much. stay with us. you're looking at a live picture from the white house where president obama will talk jobs and his new initiative for veterans that's at 8:00 pacific, 11:00 eastern. and coming up how extreme heat at high school football practices are proving deadly. and what coaches are doing to help keep their players safe. and in kansas city, a marriage proposal unintentionally caught on tape. that's next. a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say.

extreme heat and high school football practices are proving deadly. four player and a coach dying with that a week, all suspected to be heat related. it's got a number of schools moving practices to the early morning. george howell joins us from

gainesville where would p p of t one of the practices just wrapped up. >> reporter: not a bad dayton out here. a bit of a breeze, slightly quoe overcast, and football players know a day like this is a rarity. they are used to being out in hot weather. experts tell us there is no reason for any football player to die in the heat. it all comes down to guidelines and from what we saw here, they have the guidelines in place. in fact the coach tells me can he willed the noon practice yesterday simply because it was way too hot to be out on the field. that's what it takes, coaches being reasonable and students knowing when to speak up. they're out here trying to impress you, but how do you get a student to say i've reached my limit, it's too hot. >> well, that's a very fine point. us coaches, we're here to push them and try to make them be the best they can be. but the kids have got to listen to their bodies and be willing

to speak up and tell you things are not right, they're not feeling well and we ask the other players that are with them in the drills and workouts to keep a watch on each other and let us know if someone's not feeling well. >> reporter: i talked to several coaches and all of them use a device called a wet bulb designed to measure air movement, temperature and humidity. if it gets to a certain level, they cancel practice all together. >> george howell, thanks so much. sure looks steamy under all those pads. checking stories cross-country. blood in the water at a texas lake. that's what it looks like anyway. the color is caused by an overgrowth of bacteria that love oxygen starved water as a result of low water levels in the state's horrible drought. in boise, idaho, a change of heart. three of seven bicycles were returned with an apologetic note that reads sorry, didn't mean to steal from you guys.

no word on what pd to the other four. and in kansas city, a marriage proposal inadvertently caught on tape. take a look at that. a reporter's live shot focused on another story. but when her practice offer clued her in as to what was going on behind her, the couple became an instant story. >> come here. okay. researchers say they want the government to do more and help us eat healthy. we're digressing for a moment. did you just propose to her? >> i did. >> is this for real or was he faking it? >> it's real. >> what did you say? >> yes. >> oh, my god. you look like you're too young to get married. >> maybe she is, but i'm not. >> we'll get into that later. did you know this was coming? >> kind of. >> what make you wait until you head out of town to do this here outside the airport? >> i just got in from greeley, colorado, so she was coming to pick me up and -- >> and you might as well do it.

>> well, the couple plans to wed in september. very cute. he just couldn't wait. well, coming up, trash or treasure? the folks from antiques road show join us in the studio. we'll give live appraisals. minutes from now at the top of the hour, president obama talks jobs and his new initiative for veterans returning to the workforce. stay with us. labored breathing ] [ coughing continues ]

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money is tight, 401s are tanking, but there's always antiques road show. they can turn clutter into cash. >> what makes this print spectacular is the color. it really pops. this is actually from the late '60s, this print. and of course you have the wonderful dedication on the back. a conservative estimate at auction would probably be about $15,000 to $20,000. >> mom, did you hear that? we're going to acapulco for the weekend. >> not bad. well, it's appraisals like that that make this show such a hot ticket. road show is shooting right here in atlanta this weekend and the executive producer and appraiser were nice enough to join us here. thank you so much. first of all, what do you think make this is show so popular? >> i think it's a mixture of things. all kinds of people want to

watch it, but ultimately we take a personal story, an expert like sabastian who can shed some light on it, make three minute package. whether you love surprises, want to learn something, people love it for that reason. >> and everybody is always on the edge of their seat. we've brought in a complaincoups here. our produce ser keeping her fingers crossed that she is going to buy a new car. so appraise some of this. >> the first is this banjo clock which is by new haven. the if i were w firm was started in 1853 and this is from about 1890. if it were by a maker by simon who pal tented it in 1802, it would be a $50,000 clock. >> and this was a wedding gift from her grandfather. so go ahead. >> because it's a later example, it is worth about $500. >> so just knock off a couple of

zeros. >> heathat's right. >> and the candlesticks were brought back from southeast asian from vietnam. so what is the value of something like this? >> these are what we would call se souvenir items and they may be worth $30 or $40. >> so souvenir. and then this is something that reminds her of a chest in spain. so what is the value of this? it looks like it might be worth something. >> what's interesting about this is it's probably north african or spanish and it's mother of pearl inlay. a nice chest or coffer and it's probably who about around $500 or $600. >> so what we love about this show i think is just people will line up forever with their items

trying to get in. there is -- it's almost better than the lottery because you have something in your house that could be of great value. >> it's a chance to come and find out in this city, we're shooting the show in atlanta tomorrow, almost 26,000 people applied for the 3,000 pairs of tickets we give out. typical range is $500 about. >> not $50,000. >> we'll see that too, but it won't be a lot of it. >> and it won't be in this particular studio. thank you so much for joining us and request luck with that road show tomorrow. the last time we saw tiger woods on a gulf course, he was limping. now he's driving, driving the ball, that is. good start to his comeback. we'll check in at the fire stone country club next. and live pictures as we wait for president obama, he's scheduled to speak at the top of the hour from the washington navy yard. he'll be talking about preparing veterans for the workforce. we'll bring you his remarks live. [ man ] behind every business is a "what if."

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it's been a wild ride on wall street and it hasn't even been 90 minutes since the opening bell. at least someone can laugh about it. >> 500 point it is dropped today. unbelievable. mostly due to the fear that the debt crisis in europe is getting worse. several european nations are trying to borrow money from china. obama got tough, he told them, hey, china is our sugar daddy, you get your own. >> we're keeping a close eye on wall street this morning. alison kosik is at the new york stock exchange and where do things stand right now?

>> he's right about that, these european debt issues are still hanging over the market a bit, and we're seeing the volatility back in the markets. stocks moving between positive and negative territory. at one point the dow was up as much as 172 points. it's down 41. you can thank the earlier job to a solid july jobs report, 117,000 new jobs were added to the economy. that was above forecasts, but it's not a fantastic number. not enough to keep up with population growth. but for a market that was absolutely pummeled in recent days, it breaks the cycle of disappointing economic news. these worries about the u.s. economy, about european debt issues, especially italy, they're still at the forefront and that's weighing on the markets today. >> thanks so much with that. tiger woods is on a mission. he's playing the second round of

the bridge stone invitational as attempts to come back from injuries and re-establish himself as one of golf's greatest ever. ted rolands is following the play in akron, ohio. ted, what have you got for us? >> reporter: well, so far so good, deb. he's back, he's playing. he's not lighting the course on fire, but he played respectably yesterday. he's out on the course again today and he is the major draw here not only on the course, but on television, as well. ratings expected to be very high this weekend as he continues to play his first tournament since may when he had to walk off the course from injury. he said yesterday after his round where he shot a two under par 68, putting him in about 20th place, he said he's never felt better, he felt great being out on the course and other players said they're happy he's back. >> i haven't hit the ball like this. this was fun to be able to hit

the ball with that much flush feeling through the golf ball, the speed i had. it was pretty nice. >> i think he's one of the best who ever played the game and i think that the tour and golf needs tiger woods. and you see how many people are following him today, so he'll always be a star. >> reporter: and one of the other things that people are watching very closely here is the fact that tiger's caddie, stevie williams, who was fired after 12 years of service with tiger, is on the course and he's working and he happens to be working for the guy that's leading the tournament, adam scott fired an eight under par yesterday with stevie on on the bag. it is one of the things, other things, that people are watching besides the golf. the drama that is associated with tiger woods. right now he's in 22nd place. two under par. even through four holes today. >> he's doing better, but it

appears the luck of the caddie is also running off on the leader. thanks, ted rowlands. it's been a roller coaster ride on wall street, but what does all the market instability mean for you and your personal finances? we'll talk to greg mcbride about simple steps you can take to protect your money. that's in the next hour. plus watch our live coverage of remarks from president obama. he's sure to mention today's jobs report as he reveal as new jobs program for vets. the president is scheduled to speak in just a few minutes. de. to those always searching for what's pure and what's real from we who believe we know just how you feel. haagen-dazs. what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen,

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check your steps at foodsafety.gov. the debt ceiling deal is now law, but there are still casualties from the debate about that kate bolduan is on capitol hill with the story. >> reporter: hey there, deb. some pretty bad numbers coming out, but i'm not following the debt ceiling debate, but i'm not talking about job numbers or the markets. a new poll shows that eight in ten americans disapprove of how congress is handling its job. that's more than 80%. and we're told that's the highest number, the worst number, if you will, since they started tracking this number back in 1977. and part of probably the con reb butte to go this disapproval, if you will, people are very frustrated with the political gridlock, the partisan bickering

we've been seeing. and one good example would be the standoff of recent overfunding the faa, the federal aviation administration. and just today, just this morning, you would have missed it if you would have blinked, the senate passed a short term extensi extension. with only two senators really in the chamber. and then will be gone until the end of august into september when they will return. a short tirm extension to keep the faa funded and get workers back on the job. this will get the country through september 16th. that's when the short term extension runs out. and in the meantime, democrats and republicans in the house and senate still need to resolve the big differences that were at the heart of this issue, the heart of this latest stalemate, which has to do with labor issues and rules regarding unionizing, unions being able to form within airlines. so still a lot to hammer out