morning" which starts right now. it is very disappointing a. triple crown shocker before any horse even reaches the belmont starting gate. i'll have another is out and will never run again. we'll tell you bip also -- there's a federal investigation underway and it's targeting the highest levels of government. the fbi and department of justice now looking into three cases of state secrets possibly leaked to the public. new details, plus -- >> it's been frustrating. frustrating because i've never had a problem finding work before. >> 5 million. that's the number of americans out of work more than six months. long-term unemployment in focus. for millions, jobless benefits are running out. tips on how you can get back to work. and in entertainment -- little people, irate over "snow white." get ready to pony up more dough

in a war of words against two popular entertainer exes. good morning, everyone. i'm randi kaye. it's 7:00 on the east coast. thanks for waking us with us, but we start with a guarantee from attorney general eric holder that his new lead investigators will get to the bottom of the leaked secret scandal. president obama says his white house has zero tolerance for leaks answers promises anyone guiltily suffer consequences and had pointed remarks for anyone who thinks the white house is behind the leaks. >> the notion that my white house would purposely release classified national security information is offensive. it's wrong, and people, i think,

need have a better sense of how i approach this office and how the people around me here approach this office. >> republican senator john mccain called on the president to appoint a special counsel to investigate. attorney general holder appointed two u.s. attorneys to work with the fbi. in a pair of ongoing investigations, leaked information included classified details of a cyber attack in iran and classified information on the u.s. drone program. we are watching spain this morning where a request could come for at least $46 billion to help bail out the country's banks. finance ministers from the eurozone countries are trying to figure how to structure any bank bailout. they expected action in spain, pushed the stock markets to their biggest gains of the year. the dow, nasdaq and the s&p 500, all jumped. to new york city now, and possible financial help on wait for people sickened by the toxic smoke and fumes from the

demolished world trade center on 9/11. a new ruling says some cancers may now be added to list of sicknesses. nick valencia has been working on this and joins us now. >> 50 different types on list. lung cancer and lymphoma. the bigger thing to the story is that this represents an about-face and federal health officials allowing neem got cancer after 9/11 exposed to this toxic ash and fumes from the smoldering rubble of the 9/11 towers, before now scientific evidence had shown little connection linked twe edn cancer and the poor air quality surrounding the towers. >> an ongoing fight. nots just for first responders? right? it covers other people? >> represents hundreds if not thousands of people. passersby. first responders, firefighters, anyone that had exposure.

>> how soon will they know if this goes through and can increase coverage for folks? >> substantial questions. how long it will take to implement, if it will be implemented at all. there's a long road ahead. weeks if not moss of research and data. >> and people could take advantage of this if it comes through, much-needed funding. >> the $4.3 billion set aside because of this poor air quality. >> nick valencia, thank you very much. >> thank you. federal marshals offering $5,000 for information on a fugitive murder suspect wanted in alabama. he is considered armed and dangerous. he's wanted in connection with the shooting deaths of 9-year-old twins and their 73-year-old baby-sitter.

it is a moment president obama probably wishes that he could take back. the commander in chief talking about the u.s. economy declaring one specific sector is on the mend, prompting the man who want to replace him, mitt romney, to pounce. paul steinhauser has more on the fallout. >> reporter: good morning, randi. call it a war of words over the state of the economy. it started with president obama's comments at the white house yesterday morning. >> the truth of the matter is that as i said we've created 4.3 million jobs over the last 27 months. over 800,000 just this year alone. the private sector is doing fine. where we're seeing weaknesses in our economy had to do with state and local government. >> reporter: mitt romney quickly responded to the president's description of the private secretary herb as "doing fine." the republican challenger firing

away at a campaign eincident iowa. >> for the president of the united states to stand up and sap the private sector is doing fine is going to go down in history. it's an extraordinary miscalculation and misunderstanding by a president who's out of touch regard few hour, later, a clarification from the president. >> it is absolutely clear that the economy is not doing fine. >> reporter: by does any of this matter? here's why. poms, including ours, indicate that americans continue to say by far the economy is the most important problem facing the country. nearly seven in ten in our cnn/orc survey rate economic kingses as poor and are split on which candidate will better jump-start the economy. 31% say things will get better in romney wins in november and 28% if the president is re-elected. we have five more months of battling over the economy. randi? >> thank you, paul steinhauser.

to a different kind of horse race. we won't have a triple crown winner now that i'll have another dropped out of today's belmont stakes. a track veterinarian noticed the beginnings of tendinitis so the horse will retire and not run again. we'll talk to a vet later about the dangers if the horse had run today. a california man exonerated for rape, getting a second look from the nfl. >> i feel confident that at this point i can impress any nfl teams invited to training camp and progress on the talents that i have so far. >> brian banks excelled in a dryout with the seattle seahawks so they're bringing him back for a minicamp. remember, banks conviction was overturned last month after his accuser admitted he lied but not before he had spent five years in prison and another five on parole. banks is a former high school football star where he was recruited by usc coach pete

carroll, now the seahawks head coach jv coach. a rundown of stories we're working on. americans who are long-term unemployed. hear one man the search for his search for a job. and now this colorado boy is being called a hero amongst the colorado wildfires. and stand your ground not just in florida but in texas. one man is hoping it will help him escape time in prison. a box office smash. some think hollywood got it wrong when it comes to casting. the drama surrounding "snow white and the huntsman." i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve.

good morning, and welcome back, everyone. for many, unemployment benefits

are more than a safety net. for tens of thousand, the benefits are running out. lizzy o'leary joining me from washington. good morning to you. who exactly are the long-term unemployed? >> reporter: a term important for people to understand and what it means. overall, about 12.7 million americans are people who count at unemployed, they don't have work but are looking for work. when you go inside that number, 5.4 million americans have been unemployed for six months or longer. that's 42% of the unemployed. we've never seen a number like that, not in any previous recession. this is a big intractable blob when you look at all the graphs, it's stiff that 5.4 million and when you look at it over the months. right? this is the past five months. the beginning of the year. 5.5. it dipped down a little bit, but you still have more or less a straight line if you continue with the trend and that shows

you that despite some gains that we make in hiring, you see some people get hired, it's generally around the edges. people unemployed while find it easier to get a job, still have contacts. folks out six months or longer, it's much harder and we start to see psychological things. depression, health problems. all of these things start to come together when people have lost a job and have lost a lot of their contact whip the working world. >> and it can only get worse, right jt because benefits are running out now. why is that? >> so this is one of these things where congress pass add number of different extensions. right? every stage has unemployment benefits but some are mandated by the federal government. what's happening now, they're running out state by state. so on monday, 70,000 more people will lose their extended benefits, and this has been happening back in february. congress said, all right. as you're unemployment rate in

the state gets better, then we'll start to cut those benefits down and it's sort of a double edged sword. you talk to people and say, unemployment fell a little bit and that means that we can take some people off those benefits. at the same time, they're worried if those benefits go away, some people right on the edge could slip back into a much more precarious situation. >> lizzy o'leary, thanks for making sense of that this morning. appreciate it. those are the numbers, but for every number there is a personal story attached to it. richard dean hear one of those stories out of work about two years now. richard, good morning. what was your last job? >> it was a contract eng near at a defense contractor doing fpga design work. >> you've been looking for work for a couple of years. what have you done and how has that search been working? >> it's been difficult. before i had gotten that contracting job i had three offers. so i didn't anticipate having

this much problem finding something. this was a year before i contracted with the defense contractor. then i had one offer in may shortly after i was -- my contract ended, and it was at a 20% salary cut and based on my experience from before i thought i wouldn't have any problem finding anything, but i've been proved wrong in that. >> and what kind of work are you specifically looking for? i mean, were you an electrical engineer. what do you want to do? >> that's a good question. i've kind of re-examined what exactly i want to do. i've done some -- done a number of different things. i've done software. it's been a number of years. and current employers are looking for something with current experience. the last ten years or so i've been field programmable data rays. suft m customer sales support ps's you support products that use lies fpgas and using their software

and hardware. >> your wife does have a job. does that help a little bit? >> it helps tremendously. we've will to cut back, but with health insurance and things like that, without her job, i would be in dire straits. >> richard deaner we wish you a lot of luck finding work. maybe somebody watching our program this morning, you never know. they might come calling. so thank you very much and, again, best of luck to you. >> thank you very much. thanks for having me. a middle schooler hops on his atv and rides through flames to warn his neighbors about a fast-moving wildfire. you'll hear from his very proud father. and then say love makes you do some pretty crazy things. how about curling up in a suitcase to visit your boy sgre boyfriend? it landed this woman in hot water. tell you why she did it. clear,? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams of protein. twist my lid. that's three times more than me!

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a check of what's making news cross country. in colorado, an eighth grade boy rode his all-terrain vehicle through flames to warn elderly neighbors about wildfires. he suffered second-degree burns but his dad says with flames over 100 feet high, the move was heroic. >> we knew it was going to be bad. i told my son get on your atv and head up the road and tell the neighbors north of the fire, it was so fast, you just didn't know who was in distress. >> we'll talk with j.d. from his

hospital bed where he's recovering next hour. minute plenty of relationshe baggage, but not like this. her boyfriend was sneaking her into his apartment in a big pink rolling suitcase. hmm. banned from the building after getting into trouble last year but says she doesn't want the arrest to stand in her way. >> i'll do it all over again, or would, but they're already on to me now. >> and another sticky situation. sticky the tea cord. this o word. where a truck loaded buy syrup got into an accident. it happened near the buttermilk pike exit. no. we did not make this up. this is for real. really. the european debt crisis is hitting home for americans. what you can do to protect your

investments and retirement savings, right after this. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, including those for migraine and while on cymbalta, call right away if you have high fever, confusion and stiff muscles or serious allergic skin reactions like blisters, peeling rash, hives, or mouth sores to address possible life-threatening conditions. talk about your alcohol use, liver disease and before you reduce or stop cymbalta. dizziness or fainting may occur upon standing.

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as four-day win streak helps move stocks to the best of the year. dow rallies 3.6%. tech-heavy nasdaq surged 4% and the s&p gained 3.5%. what inspired the markets to move higher? in a word. spain. investors encouraged by reports the country could formally request a bailout this weekend. if you've been watching your 401(k) disappear, thank europe. here's why. just like go at time, europe spent way more than it should have. we all know when you spend more than you make, you'll go broke and need someone to bail you

out. for years greece and spain have spent more than they can afford and are now looking for a handout. set up so strong economies can bank roll the weaker ones. france and germany aren't eager to pick up the stab. greece and spain might be dropped from the euro. why is that affecting your bottom line? here's what maybe we can do about it. good to see you. in simple terms how are the eurozone and the juz how are the two economies connected? >> last week i talked about the cause of the european debt crisis. i thought this week i'd bring a chart to illustrate the impact on the u.s. markets. >> we love charts. what do you dot? >> looking for the chart that we -- yeah. so the chart we have here is the action of the u.s. stock market overer the last three years, and it starts on the far interest in 2009. the main thing you notice as you

go through, three major down points starting in may of 2010. each one of those three down points came from negative headlines out of europe. the first one in may of 2010 was when we first heard of the p.i.g.s. portugal, ireland, greece and spain. the first headlines that their kmip kmip economies would be in trouble. second, last summer, talk of a global banking crisis. the third was just last month in may when we started hearing about greece leaving the european union and possibly having a domino effect on the whole european union with other country leaves as well. two major takeaways from the chart. one, in each instance, the market bounced back, and the second would be to expect to see that pattern for a while, because they've been -- the european union has come out and said we think we have a plan to fix this situation and each one of those instances and that's why the market rebounded, but today they've done nothing to fix it.

are still in the same situation, maybe worse than two years ago. the pattern on the chart i think will go on for at least moss nt if not a couple years. >> this is affecting interest jats they're plummeting? >> yes. interest rates at an all-time never been here before low, and i actually brought another chart along for that, too. >> okay. let's see it. >> okay. this is a chart. if you follow the red line there, this is from 2008 to now and you can see it goes straight down. that is the yield of the ten-year treasury which is an index we use to, as a benchmark for what interest rates are doing. what that's doing to investors is, a two-year cd now is less than 1%. the money markets out almost zero. in savers and investors looking for income or earning, earning almost nothing. it's a very difficult environment. the reason this happened, the federal reserve has continued to lower interest rates to try to stimulate the economy, and now we are at a place we've never

been before, they're so low. >> the interest rates are so low in terms of getting loans. is it easy? >> depends. i just read a report actually this morning that says businesses are really capitalizing on these extremely low rates. they're refinancing debt and so forth, but for the average consumer, it's very difficult to get approved for a loan, because many of them, the homes are worth less than what their original mortgage was, so they can't refi or the new underwriting standards in place by the government make it very difficult for people with plenty of money to get approved, just can't get it to fit in the box the government set up for refinancing. >> one quick safe place to put your money? is there one? >> yeah. talking about income, a couple of ideas. master limited partnerships. okay. those often known at mlps, oil and gas pipelines. you can get a 5.5% to 6% yield on those. an example, brookfield infrastructure, kinder morgan.

every week i say it strong dividend stocks paying high quality dividends, can you get 4.5%, 5% yield and ten-year treasury at 1.5, a great place to be. >> looking good. nice to see you. >> good to see you, too. >> thank you. he wowed the judges on "america's got talent" with singing and story about a grenade attack but this veteran now has explaining to do about what really happened on battlefield. and scientists across the country are swapping out telescopes and planetary updates for cupcakes and more? you heard me. we'll explain in just three minutes. ♪[music plays] ♪[music plays]

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