trees right out of the ground. "fox & friends" starts right now. >> live from studio e, in the heart of midtown manhattan, it's "fox & friends" for a wednesday. thank you very much for joining us. and gretch, you don't know this yet because i've already debriefed mr. briggs. mr. briggs came to work today without wearing shoes. >> that's the story -- >> he got into his car without shoes and somewhere along the way, he realized wait a minute, i got to go get shoes. >> how does that happen? >> i know. it's the first time i've done that. i got in the cab and thought my feet feel strange. hang on. no. >> barefoot. >> no. you know what? i have no shoes, where is my day headed if it starts that way? >> to the mental health ward after this show. ahead in this hour, good thing you are here today for brian.

nice to see you. we have to start with a fox news alert. former egyptian president hosni mubarak wheeled into the courtroom for his trial on a gurney. these are amazing pictures here. >> he is reportedly so sick, he's unable to stand and is watching the proceedings lying down inside as you can see right there. a steel cage. >> streaming live from cairo with the very latest to you. quite a sight there. good morning to you. >> hi, guys. good morning. about an hour and a half before the entire court proceeding kicked off, we didn't know whether or not the former egyptian president would show up in court today and in fact, when the egyptian tv, the official state tv reported that he was flying in, the crowd went crazy here outside. there were both pro and anti-mubarak demonstrators. it got a little bit violent. so violent, that we had to evacuate from the location because stones were being thrown in the vicinity. inside the courtroom, the most amazing moment of the day was, in fact, seeing the egyptian --

former egyptian president being wheeled in on a stretcher and placed inside that iron cage. he is being accused on corruption charges as well as killing some 800 pro democracy demonstrators back in january. he's also being charged along with his son on corruption charges as well as the former interior minister. the tactic that the mubarak attorneys have been trying to take is saying he's way too sick to show up in court today. that didn't work and they were very discouraged by that fact and today, they tried to discredit the entire trial saying the interior minister and the former president should not be tried together. that's in fact illegal. we just heard from mubarak for the first time, he denied all the charges. >> usually when someone is shackled or behind bars, there's a worry that he might escape. in this case, i imagine he's being protected so people don't hurt him. >> that's right. some 3,000 police officers are

standing by ready to intervene. and hospitals are also on high alert here because they're worried that his health might be critical and he might faint or have a heart attack and then he'd be evacuated immediately. there was also some concern, you remember the former egyptian president anwar sadat was assassinated here. could someone try to attack the convoy? there was so much animosity towards the former egyptian president and there were a lot of loyalists that really support and love him and have threatened to burn down the courtroom if he is in fact convicted. >> oh, man. quite a spectacle. all right, thank you very much for the live report from the region. >> from egypt back to the united states where we're talking about that debt deal. here's the latest. it actually was signed by the president yesterday after the senate passed it. what happened to the stock market? remember a lot of people were saying wow, if we actually avert debt-ageddon, the stock market will go up and everybody will have a nice selloff. not really. the stocks tanked in the united states and the asian markets went down as well.

what's going to happen to the ratings agencies? moody's has issued the warning of a downgrade but they're not going to official lower our credit rating to a double a plus just yet. >> yeah, there is some good news lost in there that we are not getting that downgrade but moody's still says a 1-3 chance that we are getting downgraded in the future and the s&p now is where we focus all the attention. they were the ones that founded the warning on the u.s. economy calling for $4 trillion in deficit reduction. we didn't hit anywhere near that. will they downgrade us? probably not. they'll come out with some sort of cover as well. >> so we did a little bit of good news. moody's and fitch, the other rating agency both said that even though the united states is hopelessly bankrupt currently, right now, we're on an even keel. however, the outlook going forward is negative. now, keep in mind, if they do downgrade us, not in the immediate term but, perhaps, in the medium term, they refer to

it, you know, down the road just a piece, j.p. morgan chase estimates that it would cost us as americans about $100 billion a year because all of the money that we would borrow, we would have to increase the amount of interest we pay because we would be a riskier bet. >> that would fall on the backs of every single american because coming up, we'll tell you exactly how that would affect you. everything you go to buy, you'll be paying more and what will it do to your 401k? pretty much unknown. >> it could probably impact shoes. >> all good news for my shoes. world leader jumping on this yesterday calling the u.s. economy a "parasite." yeah. here's what's interesting to me about this story. after he called the u.s. a parasite, he went back to very important business like literally and i'm not making this up, trying to bend a frying pan with his bare hands.

>> that one right there. >> that's literally what he was doing as he called our economy a parasite. then he went to do some arm wrestling. this is at a youth camp. >> yep. >> arm wrestling children. >> also, he apparently climbed a wall without a harness. and so this guy who is trying to -- remember when yuri geller tried to bend the spoons with his mind. so this guy is trying to bend the frying pans. he's one of the guys in charge of our former space program. >> it looks like he has pretty good pecs before. remember when he was shirtless on the horse a couple of years ago. he had some muscles. he had a couple of pecs. he had a couple of biceps. maybe he would be able to do that. is he right that the u.s. is living beyond its means like a parasite on the global economy? and the dollar dominance was the threat to financial markets? e-mail us, let us know what you think about that. >> we are living beyond our means. >> that's what i'm asking, is he right? let's turn to what the focus now

is going to be. after we solve the debt crisis that we are going to wake up to this wonderful fairy land sort of world today. unfortunately, it's still a nightmare with regard to unemployment. 9.2%, the gdp pretty much stalled. manufacturing bye-bye. so what's going to happen now to the economy. that's really what folks are focused on right now and it all comes down to that three letter word called jobs that is actually a four letter word. the democrats say that's their main objective now, it's all coming back to creating jobs. >> i'll continue also to fight for what the american people care most about. new jobs. >> jobs, jobs, jobs, jobs. you cannot say it enough. >> many people in nevada and arno around the country are struggling for the essential, that is a job. we have to move to a jobs agenda. >> the public is glad to see we've moved to reign in our deficits but now they will put the political premium on efforts to create jobs. as democrats, that's our strong

suit. >> obviously, what they're doing is they're trying to protect their jobs. they're trying to change the subject. what happened in washington, d.c. was very demoralizing for the democrats and particularly for the president because he didn't get anything that he wanted. >> except the extension past the election which is huge. >> right. that's a big thing but he also said, you know, i'm not going to consider anything that doesn't have tax cuts. eric, don't call my bluff. i'm going to go to the people. eric did call his bluff. what's different this time, though, the president yesterday also said that this debt package avoids cutting too abruptly while the economy is still fragile. wait a minute, he's been talking about the economy and it be fragile and jobs is his job one for the last two years. what's new? they're pivoting so much, they're spinning around in a circle. here's a little montage through history. >> jobs must be our number one focus in 2010. >> that's why my administration remains focused every single day

on pushing this economy forward. >> all these investments in innovation, education and infrastructure will make america a better place to do business and create jobs. >> making sure jobs are available is the first thing i think about when i wake up in the morning and the last thing i think about when i go to bed each night. not a day goes by that i'm not focused on your jobs, your hopes and your dreams. >> and in the coming months, i'll continue also to fight for what the american people care most about. new jobs. higher wages and faster economic growth. >> and the president likely has a big headache in store on friday morning. not because of his birthday bash on thursday but the new jobs numbers will come out friday morning. how is he going to spin that? we all know these are not going to be great numbers. the unemployment relatively flat at best. how does he spin it? i'm sure he says well, the jobs weren't created because of a debt deal.

i don't know if that's going to go over real well. >> that will be probably the strategy to blame the republicans for holding off on the debt deal. interesting thing as you watch those different snippets where he's talking about jobs, maybe when you look back in history, people will say he was not talking about jobs when he was talking about health care. and that was at the beginning of his presidency when many could argue that maybe he should have been talking about jobs and maybe we wouldn't be at the situation that we are now. but that will be up to the historians to decide. now to the rest of your headlines for a wednesday. routine traffic stop ends with the police officer shot dead. two others injured at this hour. one is in critical condition. it happened in rapid city, south dakota. three officers approached four people at an intersection who were acting suspicious. one man pulled a gun firing several shots. the officer lost his life. he was just 28 years old. people in south florida cleaning up this morning after a rare tornado touched down there. take a look at this incredible home video. it shows the twister tearing through the town of tamarac just

west of ft. lauderdale during rush hour. it flipped over boats like they were toys but no one seriously hurt. casey anthony spotted in ohio? tmz publishing new photos of a woman believed to be anthony wearing an ohio state university baseball cap. and shopping at old navy. the 25-year-old is supposed to return to orlando tomorrow to serve probation on check fraud charges but her attorney is not having it. >> right now, we're filing one motion to vacate that stupid order that was entered. >> in another twist, the judge that issued the probation is on vacation. that means the case will likely be handed over to judge belvin perry, the same judge that presided over anthony's murder trial. those are your quick headlines. >> coming up next on the show, the debt deal being called a tea party victory. but some of the tea party calling it an epic disaster. that's next. >> and the video is tough to

watch. oh, my goodness. a police officer mowed down in a hit-and-run but you don't want to miss -- oh, my goodness, what the cop does next. it is unbelievable. good morning, jay leno. >> and moody, you know that investment company, they now say that even though we've raised the debt ceiling, they may still downgrade our credit rating. given how bad our credit is, if president obama asked china for another loan, he has to get his mother-in-law to co-sign. [ female announcer ] so you think your kids are getting enough vegetables? maybe not. v8 v-fusion juice gives them a full serving of vegetables plus a full serving of fruit.

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>> the steps that tea party patriots are taking today, it should not come as any surprise when they're sticking to their principles. >> but not everyone agrees, founder and executive officer for tea party nation is my guest right now. good morning. >> good morning, gretchen. >> you actually believe the flip of what we just heard sarah palin say. you believe that this is not a victory for the tea party. why? >> it's not -- not only is not a victory, it's an epic disaster. we got really nothing out of this much the debt ceiling was raised.

spending is going to be massively increased. it's not going to be cut at all. a cut is just a decrease in the increase and we have opened the door for massive tax increases because we heard harry reid yesterday and barack obama saying oh, yes, now we're going to raise taxes. well, you know, that makes us 0-3 and in anyone's book, 0-3 is an absolute failure and the alarming part from my point of view, we got not all these people and we got some people, sarah palin is saying this, i don't know why. john mccain is out there saying this is a tea party victory. no, it's not. when this thing blows up at the end of this year and it's going to blow up. it's going to be very, very bad. there's a lot of people that are going to want to blame the tea party for this saying, well, this is what you wanted. no, it's not what we wanted. >> so i understand your thinking on that. but a lot of people are giving the tea party credit for even having this discussion in the first place. >> yes. the tea party clearly deserves

credit for raising this in the public's mind. you know, how many times in the last decade did we raise the debt ceiling and that was a yawner. it didn't even make a -- rate a mention on fox news or the newspapers. well, now, we do have america talking because america is bankrupt. we are hanging on the verge of a disaster that america has never seen before and yes, the tea party does get the credit for bringing this to the public mind but as far as what the government did, what congress did yesterday, and the day before, you know, that is an absolute epic fail. there is no other word to describe it. and, you know, speaking at least for me, i don't want the tea party name associated with that in any way, shape, form or fashion because come december -- >> let me ask you this, no matter what the tea party does, they're going to be attacked, right? at least by some in the mainstream media and for sure by democrats who don't agree with them so to a certain extent, you are going to face that sort of criticism with any kind of a

deal. >> oh, absolutely. the left is going to attack us no matter what. until we haul up john boehner's white flag of surrender and walk away, they will continue to attack us. but part of this is the messaging that has to go out to the american people and this is why you hear the left really hitting this hard because they want the american people to believe that this was a tea party victory, that this is what the tea party wanted so when this whole thing falls apart in december, they can turn around, tell the american people, see this is the tea party's fault. even though they're the ones who broke it, they'll go this is the tea party's fault, therefore, you should vote for us. and that's one of the reasons i'm out here so strongly on it is telling people and telling people in our movement, we got to tell americans, no, this is not our deal. >> yeah, because messaging is what it's all about in the end. judson phillips, thanks so much for getting up bright and early and explaining your view. >> thank you for inviting me. >> the department of education teaching global warming with the help of spongebob?

up next, the green agenda getting pushed on kids on your dime. and is having a cell phone a civil right? that's what some folks are claiming and they want taxpayers to foot the bill. ♪ ♪ ♪ ♪ introducing purina one beyond a new food for your cat or dog.

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>> 6:22 right now in the east coast at least, a couple of quick headlines for you. take a look at the shocking surveillance video out of brooklyn. this guy snatching a purse from the arms of a 78-year-old woman in her wheelchair. watch it right here. the guy was walking a few paces

in front of her before turning around and stealing it. he's still on the loose. if you know who that is, give the cops a call. one day after signing the debt deal, president obama is getting out of dodge. he's flying to chicago, the windy city to celebrate his 50th bash. tonight he'll be at a fundraiser featuring a performance by jennifer hudson and it costs $35,000 per plate. tomorrow which is his official birthday, he'll celebrate in the white house rose garden. >> news of a deal on the debt ceiling sent interest rates tumbling yesterday and that could mean good news for those looking for a new mortgage. some good news. >> stuart varney joins us, we could use some good news because the street of dreams yesterday sold off 266 points. >> that got all the headlines. stocks plunged. what did not get the headline which maybe should have is that interest rates plunged for all kinds of reasons. the debt deal, the impending recession, hot money coming here

from europe but look, interest rates plunged. the biggest one day drop i can remember in decades, literally. way down. now, that means not too distant future, you're going to see your mortgage rate come down significantly. i think you may get down to 4% even for 30-year fixed rate mortgages. that will be down about 3/4 of a point from where they are now. and the 15 year could go well below 4%. >> so people out there are saying that sounds fantastic. but we've been reporting all along that if in fact these ratings agencies come back and downgrade that interest rates will go up, won't they? >> well, that's the common belief. that was what was supposed to have happened but the exact opposite happened. i'll tell you why -- because it looks like we're going into a recession when the economy weakens, interest rates go down. they don't go up. secondly, this turmoil in europe where all kinds of hot money is flooding over here, that

actually drives our interest rates down so you're going to be looking at 4% mortgage rates, not too distant future. i think it's coming. >> s&p and moody's, were they bluffing with the downgrade of our credit below the triple a? >> no, they were trying to get their reputation back. they really messed it up in 2008 giving triple a ratings to lousy to try to come back. >> they didn't get $4 trillion in deficit reduction. if they don't come back and downgrade our credit, what's their credibility? >> they haven't downgraded it yet. we're still on watch and we still may get a downgrade somewhere down the road or in the immediate future. we don't know. we're not out of the woods on a downgrade and i think, i agree with a couple of other people in the market, that we are going to get a downgrade in the not too distant future. >> the medium term. >> yeah, medium term. whatever that is. >> whatever that is. >> started out with good news and he went to bad. >> i'm trying to keep it wholesome. >> trying. >> just realistic there, these are trying times. that's what you talk about every

morning on varney & company on the fox business network. >> with a little help from our "fox & friends." >> that's right, buddy. starts at 9:20 a.m. thanks, stu. >> thank you. >> next on the rundown, a shocking report. drugs to treat ptsd, post traumatic stress disorder do better than a placebo, really? >> and the department of education giving kids free books about spongebob. seems like a good idea, right? well, some parents don't think so. they say the books are being used to push an over-the-top green agenda regarding global warming. >> but first, happy birthday to tom brady, the new england patriots quarterback is 34 years old today. happy birthday, tommy. >> tommy? ♪ [ female announcer ] erybody loves that cushiony feeling.

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>> look at that. your shot of the morning. live pictures of an escaped peacock. it broke out not from nbc but from the bronx zoo here in new york city yesterday. the male bird, these are live pictures, later spotted perching on a window ledge i think on the fifth floor of an apartment building and that's where he is right now near fifth avenue. zoo officials. central park zoo say he's not a risk to anyone. >> is that a live picture right now? >> that's a live picture. >> that is coming up on fifth avenue? >> it's a peacock! >> yeah, i believe it's an apartment building. >> it's only a matter of time before he has a twitter feed but i don't yet see one yet. i'll bet you he has a facebook page. >> wait a minute. do peacocks fly? >> we could find out pretty easy. >> no, whoever is living there.

>> up to the fifth floor. >> he must, right? nl unless he got up on the elevator. >> honestly, i'm trying to remember. >> i've never seen one fly. i see they're all over the bronx zoo if you've been there, they're everywhere. they just walk freely among the people. one pecked my daughter on the forehead one time but i've never seen one fly. >> oh, my goodness. what do you -- help us out. we know there are some farmers out there who have peacocks. can the peacock fly? how did it get up on the windowsill? >> pea fowl. >> pea fowl is -- >> uh-huh. i need to be more up to speed on my peacocks. >> there you go. your pea fowl. in the meantime, at 29 minutes before the top of the hour, here's the other stories making news. chilling new video of the wife of the convicted kidnapper and rapist phillip, it shows her secretly taping a young girl who was lured into their van two years after they kidnapped

jaycee dugard. directing the girl to do gymnastics for the camera. he admitted to making 20 of these tapes in all. >> what happened to that girl? >> all right. anyway, discouraging news for combat veterans suffering from post traumatic stress disorder. the drug is no more effective than a placebo. it's one of the most commonly prescribed medications to treat the disorder marked by extreme depression and anxiety. the study was published in the journal of the american medical association. >> dave? >> thanks, guys. is using a cell phone a civil right? some pennsylvania residents are enjoying 250 minutes a month and a handset for free. all thanks to the taxpayers. all due to the universal service fund that helps those who are less wealthy get a cell phone. the government says telecommunication companies must pay for it, costing them $4 billion a year.

that means companies like verizon raise customer rates to make up the difference. >> of course. >> really? >> meanwhile, incredible video of a police officer hit by a stolen car. it happened near london. the officer tried to block the stolen bmw but the driver plowed right into him. amazingly, the officer was not hurt and what happened next has people calling him super cop. he jumped to his feet. chased down the driver and hits the driver with a taser. the long arm of the law had a taser. and got their man. there he is right there going after him. >> all right. that's a quick look at some of the news. now it's time for a look at golf. >> big news in the golf world. he is back and on the prowl. tiger woods returning from a series of left leg injuries to play some golf finally. woods will take part in this weekend's wgc bridgestone invitational. tiger says his left leg is finally healthy. >> yeah, i'm good to go.

doctors gave me the clearance to go so here i am. >> great thing is i don't feel a thing. it feels so solid. it feels stable. no pain. >> woods says if things go well this weekend and he remains healthy, he plans to play in the pga tournament next weekend. we hope. if you've dreamed to being behind the plate, feast your eyes on the kid that lived that very dream. >> the first pitch and reyes rips it, back it goes! and it's gone! a home run for jose reyes and the mets tie the game! >> outstanding tall by jacob resnick. he was behind the mike and did a solid job. once a year, the new york mets let a kid call an inning of the game. that happened to be a very good inning to call for jacob. nice shot by reyes. you may have heard to the new york jets coach rex ryan is

sporting a new tattoo. we're learning what this is all about. check out his right leg. no one knew what the tattoo even was. ryan says it's supposed to be a dragon on the jets facebook page, ryan wrote it has to do with believing in yourself. last year, his team came within one win of a super bowl so maybe this will give them some inspiration. i don't know if that's going to do the trick what do you guys think? it looks like mike tyson's face tattoo only on the leg. >> he's a good coach. if the tattoo helps him. >> by the way, peacocks can fly. after 16 years in pinstripes, bernie williams is putting down the bat and glove and putting pen to paper. he's got a new book called "rhythms of the game, the link between musical and athletic performance. >> all right, former new york yankee great bernie williams is here on the curvy couch. good morning to you. >> good to see you. >> great to see you, too. >> a lot of people will say,

hey, they know you're this great baseball player and a great guitar player, how do the two meld together? >> well, i think for me i was able to make the connection with the music early on in my life when i was about 8 years old, i started playing guitar with my dad, taught me the first couple of chords and i had the opportunity to go to a performing arts high school in port owe wreak puerto rico. i was able to put all of that into athletics and i played sports through my childhood and when i was 15 or 16, i got the opportunity to play professional baseball with the yankees and for me, the two have been linked since i was a very young kid. so i was just, you know, talking about my experience, you know, in the book and the way that i was able to sort of do this was great. >> you write about the link. is there a commonality between an athlete performing at the highest level and a musician performing at the highest level? can that be taught?

>> well, you can actually become aware of the fact and i think for me it starts with preparation. you sort of prepare, you know, until you can't anymore. so when the time comes that you have to perform, it just becomes second nature to you. and i think, you know, for me, that was the thing that was common between both of them, you just work on your skills as a guitar player and you work on your batting stance and your drills. >> stepping into the batting box is similar to stepping on the stage and as a former musician myself, people will say what's the same thing between music and doing tv? it's sort of the same discipline to get there but also that performance that you used to be on the stage. >> yeah, obviously, the experience helps you a lot. but i think, you know, the peace of mind the preparation gives you, you can always go back to it and say you've done this a million times, you're ready for this. >> you got dirty when you're a baseball player and you're getting dirty today doing

volunteering. tell us about the project. >> i'm very happy to be partnering with maxwell house in rebuilding together, you know, they have a great program called drop some good and they're revitalizing community centers all over the country. and, you know, they're working on a community center here in new york at the milbrook community center in the bronx and me having an opportunity to play in the bronx for 16 years, it was just fitting for me to be part of this project, you know, they're doing, you know, like a lifetime make-over of this -- >> watching it right there. they're moving fast, bernie. >> yeah. i hope i can move that fast. and yeah, it's just a great thing, you know, that they're doing all over the country and i'm just very glad to be part of it. >> that's great that you would drop by the curvy couch on this awfully busy day for you. >> thank you so much. >> check out the book it's called "rhythms of the game, the link between musical and athletic performance. "great to see you.

>> great to see you, too. thanks for having me. >> straight ahead on the program today, we're spilling the beans on the best cup of coffee on earth! where is it? where is it from? how much does it cost? details ahead. >> we know how washington feels about the debt deal. what about the average american? up next, we've assembled a panel of real americans to sound off.

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>> the debt deal is now law. the president signed it yesterday afternoon. what does it mean for average americans? we have assembled a panel of real americans with us. we've got a senior citizen, veteran and a tea party member to get their reaction. joining us right now are bill felts, there you go, chris and david webb who is the tea party member and slash terrorist, right? >> and hobbitt. >> thank you very much. thanks for reminding me. let's start with you. i know that one of the things that was most terrifying to so many people who were retired such as you are, was when the president said, i don't know, if

the social security checks are going to go out. the good news is the checks are going to go out but nonetheless, he scared the living daylights out of you, didn't he? >> i live in a senior community among hundreds of seniors, many are frail and very vulnerable. and when the president said that, they were very much intimidated and very sick over it. they don't know if they're going to get their medications or groceries or be able to pay their rent and quite frankly, it was -- there were a number of residents that were very, very concerned over that. >> yeah. now, chris, i understand you as a veteran of iraq and also afghanistan proud military past that you had, you're worried about these trigger things that -- where if the super committee can't find the 1.2 or whatever trillion dollar cuts going forward, they're going to just chop, chop, chop the pentagon. >> it's pretty crazy. in all candor. i mean, the subject matter

experts that we should be talking to and listening to, i.e. the assistant commandment of the marine corps and vice chief of staff of the air force are all concerned of levels of cuts exceeding $400 billion let alone potentially $950 million that these triggers are enacting. >> that's troubling. right now, we're in the midst of at least two declared wars and then whatever the heck is going on over there in libya. david webb, you've been a proud member of the tea party. >> one of the founders! >> indeed. and this is not the deal you wanted. but you've got to admit, we changed the conversation or you changed this conversation. we had a different conversation going in the country right now. >> absolutely and by the way, in the spirit of fear mongering, to answer bill's question, congressional testimony, cash flow receipts through the end of august exceed our needs to pay social security, essential defense and medicare. >> up to the commander in chief

to figure out what order to pay it in. >> it's up to congress to direct the treasury secretary and the fact is that's fear mongering. look, this is the deal we got and right now, what i suggest for the tea parties, grow our numbers. elect more people. get them into congress. really grow our influence in d.c. because we've changed the dynamic from just raising it automatically and figuring what to cut to how about we figure out the cuts and stop spending but the hobbitts, we're about to go into back one of the trilogy "fellowship of the ring", we're forming alliances, we're working and we are going to keep the pressure on on behalf of the american people. >> sure. now, bill, the next stage is this super committee. they're going to try to figure out where to do some more cutting going forward. they're talking about entitlements. that could hit you right in the pocket. >> absolutely, steve. the medicare and social security is absolutely front and center in the senior community.

when you think about the super committee making decisions that are going to affect us, we're highly concerned about the -- the integrity with which those decisions will be made. will they really understand the needs of the senior community? will they really be thinking about seniors as they create legislation? one of the things that -- the promises made in the election of campaign of 2008, was that legislation would be open and transparent. >> good one. >> and -- >> whatever happened to that? >> to be a part of that, you know, and quite frankly, what concerns me most of all through this whole process is everything has been behind closed doors. we have no idea what's going on. >> right, and in fact, the president signed the bill yesterday privately. a picture was released from the white house but there wasn't a big ceremony. chris, going forward, i know you feel that your former commander

in chief let you down. how? >> well, i think that we've unfortunately started the ball rolling of accumulating these deficits for, i think, several administrations previously so unfortunately, we're left with the serious problem on our hands. that has been exacerbated by the current administration, i think, by threefold. so we've got unprecedented circumstances we have to deal with. but -- >> right, and david, you know, as we look finally it's in our rearview mirror until, you know, phase two with its super committee and whatever they're going to come up with. >> i don't know about the rearview. >> maybe. but for people looking in, you know, they saw what happened in washington. and you have the tea party really trying to get the country to change. and suddenly, the dialogue has changed. no longer we're talking about how big we can grow government but instead, how far we can bring things back. >> and look at the movement,

we're asking government for less. we're asking for self-reliance and americans and individualism. an american thing where we grow, we take risks, we get the rewards. this is what we want government transparency absolutely, we need that. we're supposed to have five days on line. we got 14 hours until signature. this is ridiculous. government waits until the last minute. and by the way, we don't even know what's fully in the deal yet because it will take a couple of days to see it. it always does. >> pass the bill so you can see what's in it. >> i know. >> this is a great real american panel. bill and chris, we thank you very much. >> always. >> all right. coming up straight ahead on this wednesday of "fox & friends", remember this tree from the movie "shawshank redemption"? the tree needs redemption of its own! we'll explain that coming up. then the debt deal is done but it's been a brutal process. so we wondered what it would look like if hollywood decided to make the debt into a movie. you don't want to miss this. dawn of the debt!

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>> welcome back, everyone. couple of quick headlines for you. best home brewed cup of joe tasters from "consumer reports" say it's gloria jean's supremo roast. there were two other categories. k cup servings and ethiopian and the department of education using spongebob square pants to teach kids about global warming. the government agency showed kids this cartoon that blame man for global warming but did not tell kids that's actually a disputed fact. >> spongebob to teach our kids. that's good to know. the debt deal is done but it's still a bit of a nightmare. >> that's right and we wondered what it would look like if

hollywood decided to make the origins of the exploding national debt and deficits into a movie but it would be a horror show! >> this is an essential short term measure. we have acted boldly to help prevent the crisis on wall street. exercising the authorities in this bill in a responsible way. will require careful analysis and deliberation. >> american recovery and reinvestment act, the most sweeping economic recovery package in our history. >> $2 billion allotted for

neighborhood stabilization programs. >> largest single jump in spending in the history of the united states. >> will top a trillion dollars. >> a little south of $20 billion. >> taxpayers of america, writing checks for tens of billions of dollars. it isn't going to end. >> the tea party is back. close to 40 protests springing up across the country today. >> unlimited bailouts by this administration. >> cash for clunkers. >> another couple of billions to keep this clunker going. >> we will be here at the rate this government is spending its money. >> broke out in greece today. >> bailouts, you as taxpayers could be for 50 to a billion dollars. >> the era of big government is back. the democrats are asking you to pay for it. >> never faced ending as consequential as the recession is. >> what's impractical is a

trillion and a half new debt every year. >> don't spend more money than what you're taking in! >> millions and millions of americans that depend on those checks coming out. >> all those cuts doesn't start one red cent to people who has benefited so much from the greatness of our actions. >> would have devastated our economy. guarantees more than $2 trillion in deficit reduction. it also allows us to keep making key investments, key investments. >> key investment. now, very nicely done to our production crew. >> now we're the dawn of the dead. uh-oh! >> mark allen did a great job with that piece. would you see that movie? >> of course. dawn of the dead was a zombie movie and when you look at dawn of the debt and the implications, that could actually be much scarier. >> zombies are in congress.

14% approval rating. that's about right. >> and the other -- and the other terminology of a zombie just walking around and doing the same thing until this debt discussion, that was pretty much the way that it went, you know, they just raised the debt ceiling. >> without even making news. >> a little bit different. >> yeah, hats off to chris white from our staff who put that all together. >> coming up on the show, you've heard democrats say that the wealthy need to pay their fair share but they already pay more than anyone else so what does that actually mean? we're going to break down the numbers and break out your calculators or at least come to your tv screen. you can check it out. >> does this look like your marriage? full of passionate kisses? of course it does. stick around to see how you stack up to the average couple. >> average couple doesn't make dresses out of drapes. ooo whatcha got there?

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>> good morning, everyone. hope you're going to have a great wednesday. it's august 3rdrd. i'm gretchen carlson. thanks for sharing your time with us today. fox news alert, a stunning sight. the man accuse of ordering the killing of protesters looking like he's heading to his own execution on a gurney? we're live at the unprecedented trial of the former egyptian president. >> and the debt limit is raised. so what's next? how about higher taxes? >> everyone is going to have to chip in. that's only fair. that's the principle i'll be fighting for during the next phase of this process. >> but is taxing the rich a good idea? why it could backfire for everyone. >> i thought he said everybody was going to chip in. then they're used to hurricanes

but not this. south florida caught in the path of a tornado ripping across homes in the midst of rush hour. tell you where that happened and so much more on hour two of "fox & friends" for a wednesday starts right now. >> what's up? i'm l.l. cool j and you're watching "fox & friends." let the games begin. >> good morning, everyone. it's wednesday, we have dave briggs from the weekend show. you know him. >> great to be here. >> he's here in his bright yellow. >> opposite side of the couch. i'm trying to get used to the indent here. >> that's right. you're used to steve's butt mold over here. >> yeah, used to that. >> good to know. >> fox news alert, former egyptian president hosni mubarak wheeled into the courtroom for his trial to a gurney? >> oh, man! >> yeah, he is reportedly so sick that he is unable to stand up and is watching the proceedings lying down inside an iron cage that is there to

protect him from getting hurt by bystanders. >> joining us live from cairo this morning is rina. good morning to you. >> hi, guys. good morning, the court proceedings are still under way but we are getting word -- we weren't sure whether or not mubarak would continue to remain in cairo. remember, he's been at a hospital elsewhere, but a few minutes ago, the judge decided that he would remain in a hospital here in cairo if the court proceedings were to continue over the next few days. you know, today both the former egyptian president and his sons who are convicted on corruption charges while the former president is being tried for killing pro democracy demonstrators, some 800. all of them appeared in court today. an hour and a half before the court trial began, we weren't sure whether or not he would actually appear in court. when news reached the courtroom outside here that he was going to show up, both pro and anti-mubarak demonstrators got very heated and started clashing and throwing stones at each

other. there were 3,000 police officers standing by. they were forced to intervene. at one point, our own crew, started stoning our car at one point. all of this taking place six months after the former egyptian president left and he was forced out of office during this revolution, guys. >> how sick is he, reena? >> it's true, you know, the health situation was what the attorneys were trying to use to say he was too weak to show up. but we do know that he does have a heart condition and two weeks ago, his attorneys confirmed that he has cancer. but it actually wasn't enough to prevent him from going to court today. the health ministry was able to confirm that he was healthy enough to stand trial and it looks like if the trial were to continue because there's some concern it might be adjourned that he is still healthy enough to appear in court. >> all right, reena, thank you very much for the live report from cairo. let's talk about what happened

yesterday, the senate did go ahead and pass that debt deal. the president signed it. remember, we were told that unless they pass it, the stock market is going to absolutely tank. well, they passed it and the stock market tanked and it sold off 266 points. asian markets down 2%. in particular, the nikkei in japan. >> yeah, but our economy is not getting any better. no good signs right now against 266 points we lost yesterday. 850 points in the last eight days. friday, we get that jobs number, will that be any better? estimates right now have it maybe flat so staying around that 9.2% unemployment mark. how about our downgrade? that didn't happen. i guess if anything, is that the good news here? >> it didn't happen yet. all the analysts said it wasn't going to be an imminent thing so it doesn't mean it's not necessarily going to happen. moody's is saying it's not going to happen just yet. keep in mind the s&p was the one a little bit harsher on this whole thing. they wanted the $4 trillion in

cuts and they did not get that. we're only getting somewhere around the $2 trillion. so will we still be downgraded and what would it mean to you if we actually were? so interest rates would go up on a the llot of things. mortgage rates, car loan rates, credit card rates, that's the biggest killer. a lot of people have debt on their credit card. >> you were talking about the impact of the stock market going down. over the last couple of days, what, eight days it sold off. >> 850 points in eight days. >> if you're invested with your 401k, that's having an impact just with the stock market but then if you couple it with a downgrade, you know, a lot of 401k are tied to treasuries and then you have pension funds that might have to sell treasury notes and money market funds might have to sell treasury notes as well. it could have a cascading effect. >> there's a big question mark on all of that because we're not sure who is going to dump u.s. treasuries and not a lot of your money is in u.s. treasuries, not a lot of mutual funds. not a lot of pensions. i think you combine the two, you

have 16% of total u.s. treasuries, all that money is held by china. nearly $3 trillion. what they do with treasuries means everything for our economy. >> what does the president want to do? so we knew he was going to come out and have a press conference after the senate signed a bill yesterday. i was doing brian's radio show and we were sort of hi hyptothiizing, it was a little bit of both. although we heard a lot of the same stuff that we heard before like taxes. >> it also means reforming our tax code so that the wealthiest americans and biggest corporations pay their fair share. so do we pay their -- do the wealthy pay their fair share already? that's the big question. now, when you look at the numbers, it appears that the wealthy already do pay their fair share but i guess that's on the eye of the beholder. the top 1% already pays 38% of

all income taxes in the united states and you got to keep in mind, almost half of this country pays no income tax whatsoever. so for the president to say that americans want higher taxes, well, again, half the country doesn't pay them. >> what's fair share? obviously, those two words together are a good buzz word and they probably this administration has probably tested those words to see if they're effective with the american people. yeah, most people would say hey, things should be fair. but what does that mean when you factor in that 50% of the nation doesn't even pay federal income tax? is that fair? >> let's break it down a little more so with that number right there, if we could take it full screen, see the top 1% pays about 40% of all income taxes in this country. top 1%. so 40%, but they earn only about 20% of the adjusted gross income. the income here in country and then the top 5%, they pay close to 60% of all income taxes but they earn about 35% of the

income and the top 25 -- this is jaw dropping, the top 25% of people in this country, you know, income wise, pay 86% of all income taxes. and so when the president of the united states says everybody's got to chip in, is he talking about all those people who don't pay taxes currently? gretchen is absolutely right. 51% don't pay federal income tax. sure, you might pay some different taxes, state taxes, payroll, social security, medicare, stuff like that. but 51% don't pay federal taxes. going forward, if we're going to make things fairer, are people who currently don't pay taxes, will they have to pay something? >> a lot of people hoping the super committee that they'll have tax reform, it would maybe look at a flatter tax and get rid of some of the loopholes so that actually the tax dollars for the wealthy are actually coming in instead of looking for ways not to try to pay it. you break it down easy when you try to explain it to your kids. my daughter was asking me

yesterday, mom, why do you pay taxes? do you have a couple of years to explain that? i was trying to explain to her that for every dollar you earn, a lot of that goes to the government and her question was why? well -- >> like a children's book. >> i was trying to explain police officers and firefighters and government. she says why so much of the money? huh? >> we need natural defense, we need education, we need those things but, you know, historically, the tax system in this country, the progressive income tax has not been so fair. >> and it's also about the buzz words you talked about, we're talking about millionaires and billionaires says the president but in reality, we're talking about a family of four or five that makes $250,000 a year in a major city and has a couple of college payments. these are not millionaires or billionaires. it's not about corporate jet holders or hedge fund owners. those are the popular catch phrases to use but they don't match reality. >> right. if they were to tax

thousand-aires, that probably wouldn't do so well. >> couple of headlines for you right now. routine traffic stop ends with a police officer shot dead. two others injured at this hour. one in critical condition. >> this scenario happened in rapid city, south dakota. three officers approached four people at an intersection who were acting suspicious. one man pulled a gun firing several shots. an officer lost his life. he was 28 years old. here's something you normally don't see in south florida. incredible home video of a rare tornado touching down. the twister carrying through the town of tamarack just west of ft. lauderdale. this is during rush hour. uprooted giant trees, flipped over boats like they were toys but nobody was seriously hurt. casey anthony spotted in ohio? tmz publishing new photos of a woman believing to be anthony wearing an ohio state university baseball cap and shopping at old navy. the 25-year-old is supposed to return to orlando tomorrow to

serve probation on check fraud charges but her attorney, not having it. >> right now, we're filing one motion to set aside and vacate that stupid order that was entered. >> in another twist, the judge who issued the probation on vacation, that means the case will likely be handed over to judge belvin perry, the same judge that presided over casey antho anthony's murder trial. remember this giant oak tree from the movie "shawshank redemption"? the tree was badly damaged in a storm last week. heavy winds split it right down the middle. the people in mansfield, ohio are working to save it. many folks still make the trek to pay tribute to that tree that morgan freeman made famous. and those are your headlines. >> still might be the greatest movie ever. that's a good one. >> so funny, one of my favorites. >> straight up -- next up on the run down, he was just trying to help her daughter save a baby bird so why did the government tell that mother that she might actually go to jail for doing that?

>> and his state is gaining jobs while the rest of the country is losing them so what advice does wisconsin governor scott walker have for washington? he joins us live next. >> president obama today signed legislation to officially raise the national debt ceiling. it was ratified by the senate this afternoon and i have to say it's refreshing to see the two parties coming together to not get anything accomplished. it's that kind of nonpartisan ineffectiveness that will get this economy standing still again. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart. fiber one. h, forgot jack cereal. [ jack ] what's for breakfast?

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>> welcome back, everyone, the state of wisconsin is seeing success in job growth. fox news alert. in june the state gained 8500 jobs. that's more than half of what the entire nation gained overall. >> meanwhile, one of those reasons for success, the governor just seven months on the job, scott walker has helped the state get back more than a quarter of the jobs lost during the big recession. how did he do it? he joins us live right now from madison, wisconsin. good morning to you. >> good morning. good to be with you. >> great to have you as well. the good news is now that the debt deal is in the president's rearview mirror, he's going to devote all of his attention to jobs, of course, he said that many, many times in the past. what's the secret to how you've been able to turn things around in wisconsin?

>> in our case, it's two things. really, we changed the business climates and we said that wisconsin was open for business back in january, we meant that we passed major tort reform, regulatory relief, we reduced tax burden on job creators and even created a new economic development corporation to show that when we said wisconsin was open for business, it wasn't just a slogan. we actually were doing it. we did it right away. on top of that, i think the fiscal reforms we put in place taking a $3.6 billion deficit and turning it into a surplus, those are the things that job creators are looking for. they want stability, they want certainty. they're not seeing it at the federal level but seeing it in wisconsin. >> it's so interesting, you say that buzz word, certainty and do you think that that's -- that the small business -- i forget what the percentage is but they create, i don't know, 68% of the jobs in communities so when you give them that certainty, is that the key, they say hey, we can go back to hiring people? >> well, it really is because

the good news is as much as i found last year in the campaign there's certainly people and employers particularly small businesses hurting and there were a lot of businesses that were in a position where they wanted to hire more people. the problem was they were uncertain about the future. they saw a few years ago, all the concerns raised about the federal mandate when it came to health care and they didn't know what that would mean to them and to their employees, they're still very concerned about that but within the state, regulations, litigation cost as well as taxation costs, huge burden for them. we changed that right away. it's why not only in june but for the first six months, we saw over 39,000 new jobs, about half of those in manufacturing. major increases in manufacturing exports and even in tourism, increase in june. for us, we're doing pretty well. it requires certainty. >> of course, rick perry has gotten a the llot of good publi. texas has done a good job creating more jobs. you as well. what advice would you have for washington, d.c. because we are

in a pickle when it comes to jobs? what are you doing there that we might be able to do across the country? >> well, i think the biggest thing is getting your fiscal house in order and then easing off and getting out of the way of business. creating jobs, people create jobs, not the government. and i think there's too many people in washington including even some republicans who somehow think politicians and the government creates jobs. we saw the epic failure of that a few years ago for stimulus. instead, what we found in wisconsin, that didn't help us back then. we lost 150,000 jobs over a two-year period. we've gained back a quarter of those in the first six months of this year but it's mainly about understanding that particularly for small businesses, you need to get government out of the way and make it easier to have new ideas and take them to the market. to create an environment where they can understand that things are stable and certain. you do that, there's great entrepreneurism in this country, at least in wisconsin ready to put people at work again. >> other key is moody's, the rating agencies that we've been talking about, they gave your budget a positive credit rating and right now, federally, we're still looking at a possible

downgrade. governor scott walker, great to pick your brain on how you're doing it in your state, it seems to be working. have a good rest of the day. >> i think the other key you'll get a kick out of, it didn't hurt that the packers won the super bowl along the way. >> there you go! >> you had to get that out for vikings fan. all right. >> that's right. i know, what some of us guys in washington have quarterbacks it keeps coming back to the vikings. but we'll take aaron rodgers for now. >> all right, governor cheesehead. i say that endearingly. take care. see you soon. >> have a good one. >> you as well. straight ahead, are you one of the millions of americans who haven't started saving for retirement? it's not too late and you're not alone. dave ramsey joins us shortly to explain. >> does this look like your marriage? yeah, i do that every night. passionate kisses. find out how you stack up to the average couple. is that the average couple right there? wow. [ male announcer imagine all of your missed opportunities

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>> how about some news by the numbers? first 52,000. that's how many honda accords were stolen in 2010. the 1994 model is the car most stolen in america. congratulations. next, $25 million. that's how much tennis star maria sharapova makes per year according to "forbes" she's the highest paid female athlete in the world and finally 20%. that's the number of married couples who kiss just once a week. survey finds couples over 45 are

the least romantic. oh, no stats on dogs kissing. >> once a week? come on, people! >> all right, what about life after work? the importance of starting to save early is crucial but with constant bills, loans to pay off and everything else life brings, you can find yourself at 40 and feeling like you missed the boat. but don't worry, there is hope. personal finance expert and host of the dave ramsey show, dave ramsey joins us live from nashville this morning. good morning, sir, how are you? >> great, how are you, sir? >> i'm fantastic. i'm better than those folks waking up now if a state of panic. whether you're 50, whether you're 40, is it time to panic if you haven't done the adequate saving? >> there's two kinds of fear. the kind of fear that wakes you up and says get out of the interstate, you're about to get run over and that's a good panic. you're about to get hurt. you need to move into action and then there's the kind of fear that's just generally i'm afraid about everything because i hear all these crises in the news. that's not wise. so if it moves you to action,

then that level of fear is a good thing because it starts you saving where you haven't been. >> but it's not too late? >> no, it's never too late. i mean, you got to start where you are. that's your only option. everything we know winston churchill for he did in his 60's and 70's. colonel sanders never fried any chicken until he was 67 years old and he built an empire after that. when it comes to savings, earlier you start the better. >> we got e-mails. start with commodore from california. what do you recommend for a safe, solid and secure investment for retirement investing? >> well, safe, solid and secure is kind of a matter of perception. you see, i think good growth mutual funds in the stock market over the long term are safe, solid and secure but they go up and down on the way to going up. it's a roller coaster ride but it's fun because it takes you where you want to go. if you invest in, for instance, c.d.'s, i call those certificates of depression. you're making 1% on your money right now with inflation running 4%. you're going backwards.

you have to be careful about being too safe and getting your head taken off by inflation. >> stay clear of that. here's another one from pam in alabama. my husband and i are finally debt free except for our mortgage of $137,000. we both have pension plans. my husband would like the option to retire in four years at 62. do we stop the 401k contributions and put that money towards mortgage payoff? >> no, i would be putting 15% of my household income towards retirement, whether it's roth ira's or matching 401k's, above that 15%, i would chunk everything i could find towards that small mortgage and let's try to knock it out. i don't want to do nothing towards retirement account on a pension plan and that company goes broke and you're in a mess. >> all right. dave ramsey, thank you very much for the tips. tune into the dave ramsey show. we appreciate it, sir. >> thanks, thanks for having me. >> you got it. coming up, ever try to save a hurt bird? when you were a kid? doing that just landed a mother behind bars. we are not kidding.

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>> the debt deal calls for the formation of a super congress to take on tougher decisions down the road. super congress. in case you're wondering, a super congress consists of six congressmen from each party plus wolverine. >> the lead superman. >> i didn't get that. so what does the wolverine mean?

>> super congress like super action figure. >> yeah, we missed the superhero reference. >> super! >> we're going to pick the brains of our political panel to see who they actually in real life would put on that panel. based on the politicians they have to choose from. >> we can bring your headlines right now at 7:30 on the east coast. chilling new video, this is nancy gurido, she's the wife of the kidnapper and rapist phillip gurido. here's what it would show if we did. her secretly taping a young girl who was lured into their van two years after they kidnapped jaycee dugard. directing the girl to do gymnastics for the camera. she admitted to making 20 of these tapes for her husband. >> it's the wrong kind of parental supervision. a couple accused of helping their daughters beat up a 10-year-old girl. police in new york arrested that pair for allegedly confronting

the girl for making fun of their 7-year-old daughter. they reportedly held the girl down while her two kids hit her. now, they're in trouble. >> and the woman accuse of robbing "jeopardy" host alex trebek's hotel room faces life behind bars all because of california's three strikes law. lucinda moyers convicted twice of burglary. she says she didn't know it was trebek's room and she regrets robbing him. he is now in a cast after rupturing his achilles tendon trying to chase her down. >> talk about ruffling some feathers. federal wildlife officials are apologizing to a virginia mother for fining her $535 and threatening her with jail time because her 11-year-old daughter saved a baby woodpecker like this one. it turns out the daughter actually violated the federal migratory bird act. wildlife officials dropped the fine claiming it was all a

misunderstanding. lesson to kids is don't go out there and save those little bunnies or little birds that fall out of the nest because you might be fined. >> good moral. >> let's talk a little bit about this in washington this past weekend, they had a -- it was s. -- sos, save our schools. that's a rally they've had for a while and there he is, it's interesting he was interviewed by reason tv and he -- look, his mother is a teacher. he loves teachers. and in this little snippet we're going to show you, he certainly stands up for teachers. there's his mom right there. >> you take this mba style thinking, right, it's the problem with ed policy right now is it's intrinsically paternalistic view of problems that are much more complex than that. it's like saying a teacher is going to get lazy when they have tenure. a teacher wants to teach. why else would you take a [beep] salary and really long hours and

do that job unless you really loved to do it? >> look, ideally he's right. a lot of teachers do get into it because they have a passion for kids. they love it. they're committed to it. but we all know there are a great number of teachers that get that tenure and do get lazy and do sit back and do stay with it because the pension is incredible! so there's truth to what he's saying but not all teachers fit that bill. >> what's wrong with earning tenure? i mean, that's what they're going to do now in new york city in a really rare move, they're going to have teachers earn tenure like everything else pretty much in society. so, you know, nobody should be upset about that because if you are a good teacher, then you get it. that's kind of how the world works in general. >> and at what point, apparently the cameraman joined the conversation and said well, 10% of teachers are bad. and he goes where did you get that number? i mean, we know there are, you know, just like every other aspect of society, there's some teachers who aren't doing a great job. we all saw "waiting for

superman". we know that exists. but, you know, so many more -- the vast majority are there to help our kids because, like you just used that word that rhymed with pity, teachers don't make a lot of money and so they do it for a reason and for a lot of it, it is to help our kids. >> and he's there in part because his group is unhappy, actually with the obama administration because they overly stress standardized tests, too, so he's not happy about the current situation either. >> yeah. plus you factor in the whole union thing and you got a debate. anyway -- >> we all see celebrity pictures in tabloids, newspapers, on web sites or tv shows, it's a huge business. and courtney friel has been getting some inside scoop on the industry. what did you find out? >> good morning. what's going on? >> even if you hate celebrities or never think about them, chances are at the grocery store checkout line, you'll look at photos of what they're wearing, who they're dating. the demand for celebrities

picture is insatiable worldwide. the traffic is gossip sites alone has surged to its highest point in two years with over 55 million visitors a month. how exactly does the celeb photag business work? what's staged and how much do the photos go for? take a look. >> the revenue stream from celebrity pictures is totalled at $3 billion. >> michael is the editor of gossipcenter.com, one of the top web sites in the world. it relies heavily on photo agencies all of which are multimillion dollar businesses. >> photo agencies break 80% of the stories in entertainment news. >> the agencies contract celebrity photographers like dave. he says a stakeout shot can fetch 30 to 40 grand but a quarter page pic in a magazine goes for $200 to $250 plus his agency takes 50%. >> you got a shot of snooky, you're made.

it's not like that. you have to build up a lot of photos to make a decent living off it. >> the business has changed dramatically and the number of web sites eating away at profits. >> the value of photos has come down a lot. you have opportunities to sell a lot more photos. >> an estimated 70% of the shots are staged. the papparazzi get tips from publicists, store owners and even celebs themselves. >> when somebody has a movie coming out, all of a sudden, you see them a lot in photo agencies but then for four months afterwards, you won't catch a glimpse. >> he says kim kardashian has her own splash news account to control her image. >> instead of having papparazzi follow her around, she releases the photo and actually lowers the value for the papparazzi to go after her. interesting. and i reached out to splash news about this. they didn't get back to me. if you're wondering, can anyone sell a camera phone shot if they catch a celeb doing something scandalous? if it's a story breaker, it could be worth big bucks but an everyday shot won't get you anything and the magazines want

better quality plus the papparazzi most likely know about it anyways and that star is going to be out again the next day. who do you think makes the most money in pictures, celebrity wise? >> angelina jolie. >> that couple, jennifer anniston, anything kardashian and the twilight kids. robert pattinson and kristen stewart which i can't seem to get into them. >> that's courtney's -- >> you mean the twilight kids in general? >> but cool enough to call kim kardashian. >> i'll star at angelina jolie any day. >> the tea party compared to terrorists? >> tea party guys are like strapped with dynamite standing in the middle of times square at rush hour saying you do it my way or we'll blow ourselves up and the whole country with us. >> we want to know, how does the average voter feel about that? that's next on our rundown. >> then we've handed russia our space program. then we gave them the war in

libya. how does putin thank america? he's calling us parasites. thank you! >> first, the trivia question of the day. born on this date in 1941, this media mogul used to babysit mickey mantle's kids before scoring her first big gig in show business as a fashion model. boy, i'm glad we got aflac h aflac! oh, i've just got major medical... major medical. ...but it helps pay the doctors. pays the doctors, boyyy! [ quack ] oh yeah? what about your family? ♪ we added aflac, so we get cash! it's like our safety net... ♪ to help with the mortgage or whater we need! so my family doesn't feel the pain too. ha! [ male announcer ] help protect your family at aflac.com.

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>> 42 minutes after 7:00. drink and drive and land your face on a huge billboard. the city of san antonio putting up pictures of people wanted on drunken driving charges. police hope it will encourage suspects to surrender and call it a j.lo blow, jennifer lopez revealing not so nice things

about her soon to be ex-husband marc anthony in a new article out today. the star says anthony is not good for her and it took a lot of self-respect to walk away. >> russian prime minister vladimir putin weighing in on the american economy saying "it's living like parasites off the global economy and their monopoly of the dollar." isn't this the same country now in charge much our space program? is it time to rethink american astronauts getting rides to space from russia and how should our president respond? lance roberts, radio talk show host of "street talk", good to see you, lance. >> good morning. >> what was the mission of putin to say that the americans are parasites on the global economy? >> first of all, there's a delicate balance of what's going on internationally and let's not forget that russia defaulted on their debt not so many years ago but the bottom line here is that, you know, the policies have been put in place by the current administration have

continued to weaken the dollar as other countries by our debt when they convert back into their own currency, they lose value so we're -- our weak policies, this continued mounting of debt which is what he's addressing, devalues our currency relative to the rest of the world. this is why he was making claims about we need to find another type of reserve currency to use for international transactions because we're hurting their ability to trade. >> and that talk has been around for the last couple of years but is he right? >> well, in a way, yes, the debt deal that we just passed is obviously something that is going to put us in a worst position two or three years from now and it's unfortunate that we fell into this trap over the last couple of years but this is something that we've got to start returning, getting back on track to start getting the economy back to growing jobs. you were talking to the governor of wisconsin earlier, he's absolutely right. if we don't start creating jobs, you cannot turn this country around and look, giving our

space program away, this is a huge creator of jobs in this country and that was a really bad mistake that we'll regret a few years from now. >> when john mccain was running for president, his most notable quotes, when he looked vladimir putin in the eye, he still sees the kgb. what should president obama do with vladimir putin? >> obviously there's not much he can respond to. the claims that he made are correct. that he used facts and figures and, unfortunately, there's not really a way that you can respond and say you're wrong. unfortunately, he's right. if he wants to respond, he needs to say, you know, what we're doing here in this country is we're going to start doing the things necessary to get this economy back and get this country back to prosperity. which we have not done over the last couple of years and really the last decade. it's to start creating the things that made this country great to start with. which was actually manufacturing, production and space exploration. >> so you talked about the space program. and the fact that we handed it over to the russians.

will it be a little uncomfortable for the american astronauts moving forward, flying up into those close quarters with them? >> well, you know, i -- you know, to turn -- that's a huge deal and i think ultimately, again, like i said earlier, it's something we'll regret, you know, here -- i grew up in houston so i'm a little bit biased towards math anyway and it's the idea that more of our technology today has come from space development and, you know, moving forward into the future, we've given up a big platform to not only create new technology and explore the outer realms of what's outside of this planet to another country, but we've also given up a lot of our national heritage over the last 50 years. >> all right. always great to see you, lance roberts, the host of "street talk "and chief editor of the x report. check it out. good to see you. >> thank you. >> when we first told you about democrats calling tea party members terrorists, you reacted. three average voters up next who say i'm no terrorist. but first on this day in 1949, the national basketball

association or mba was created in the united states. and in 2004, the statue of liberty pedestal reopened after being closed since the september 11th attacks. and in 2000, n'sync had the number one song with "it's gonna be me." [ female announcer ] so you think your kids are getting enough vegetables? maybe not. v8 v-fusion juice gives them a full serving of vegetables plus a full serving of fruit. but it just tastes like fruit. [ male announcer ] get five dollars in money-saving coupons at v8juice.com. check out the bass pro shops fall hunting classic this weekend, with huge savings on great gear. including plus free seminars by top pros. don't miss our biggest hunting sale and show of the year. the best approach to food

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>> answer to the trivia question of the day. martha stewart the winner. brian in connecticut. way to go. some democrats reportedly have called tea party members terrorists for their role in the debt debate. even vice president joe biden accused of using the term

"terrorists" reportedly saying "tea party republicans acted like terrorists". so what do they have to say about the name calling? joining us, a panel we've put together of small business owners who sympathize with the tea partied. from florida, we've got juan vega who was born in cuba and became a u.s. citizen exactly 50 years ago today. from maryland, mike neeman has a scuba shop in annapolis and from north carolina, grant lane, he's got a pediatric speech therapy clinic down there. good morning to all of you guys. >> good morning. >> all right, juan, let me start with you. you know, over the last couple of weeks, people on the left have really tried to marginalize and demonize tea party members as well and when you heard that the vice president of the united states might have called members of the tea party and republicans as well, terrorists what did you feel? >> i felt insulted, number one, under the first amendment of the

constitution, we have the right to grievance. that's an absolute. we have the right to demand that not only our representatives represent what we want, that's the reason we elected them but also that they protect the taxes that we pay from pilferage. we don't feel that the ability to tax is the only a blank permit to spend. therefore, they -- the grievances that we have, the anger that we have is because washington and that includes both republicans and democrats have lost touch with reality. we don't have all the money we want to spend on the businesses. even if the tax is 100% would never cover the amount of the deficit even with the new plan. >> mike, one of the interesting or ironic things is this administration won't even call terrorists terrorists and yet some members are referring to tea party members as the t word. >> exactly. it boggles the imagination that

they'll turn that on the american people themselves. >> well, don't you think their motivation is trying to marginalize a formidable foe? >> absolutely, yeah, yeah and the good news in that is that's the only argument that they have. name calling, ridicule and personal attack, that's all they have. right out of rules for radicals. >> you're shaking your head. you feel exactly the same way. >> i do. i totally agree. they are trying to marginalize the vast majority of this country. into keeping silent. >> sure. >> but hopefully it's not going to work. it won't. >> now, one of the things, grant, that has you as a sympathizer of the tea party is the fact that from where you're sitting in north carolina, you watch what washington is doing and you have had enough! you're up to here with what they're doing! you want to take your government back. >> absolutely. it's very frustrating to watch.

i have children and hopefully grandchildren one day and i really don't want them to ask me, you know, grandfather, that was america like? i see a lot of the america that we were given slipping away and it's very frustrating. >> juan, you were born in cuba. you now are marking 50 years in this country so you know what it's like living in a different country. but are you comfortable with the political climate right now the way it is where so much anger is focused from the left on the tea party? >> actually, the reason they're angry with us is because we cubans consider ourselves the canary on the coal mine. we've seen this play before. we know the playbook. the billionaires of the world, the socialists, i can't believe that i would see in 50 years in this country a time when somebody in the white house would actually call to be an admirer of mao tse tung.

the only red book i have with me is the constitution. that's what we the people in the tea party want. i'm really concerned because i never thought in my 50 years in this country and i came here for freedom that i would seefried on -- see freedom in jeopardy. >> mike, i'll give you the final word. >> wow. i'm honored. yeah, the tea party, basically, you're talking about america. the silent majority as richard nixon used to say. and when the progressive liberal left and the administration sees fit to attack -- to lie about and attack the very people that elected them to govern, you have to wonder about their suitability to govern as chris van holland said the other day. >> sure. >> that's my question to chris van holland to answer to that. >> i wish he was here so you could ask him directly. this has been a great

discussion. we should point out for people watching, we were able to assemble this small business panel from the e-mail that you guys all sent to our show file at friends at foxnews.com. just keep in mind, folks, we do not respond to all the e-mail but we certainly read as much as we can. all right. juan vega, mike neiman and grant lane, thank you all for joining us live from all across the country. >> thank you. >> you bet. all right. good conversation. all right. straight ahead, the budget battle is not over. the big questions left for the new super committee to answer so who should be on the committee? wait until you hear who our next panel has picked. and then country singer trace adkins is here on this wednesday. what does he think about the president's plan for the rich to pitch in and save the country? he always speaks his mind and he will in the next hour of "fox & friends." good morning, trace. the "mystery spot".

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>> gretchen: good morning, everyone. it's wednesday, august 3. hope you're going to have a great day. i'm gretchen carlson. thanks for sharing it with us. a fox news alert. unbelievable sight. the man accused of ordering the mass murderer of protesters looks like he's heading to his own execution on a gurney. we're following the historic trial of the former egyptian president. >> steve: the debt deal done, but investors not celebrating. asian markets closed down this morning. so the dow about to take another hit on wall street as well. we'll go live with what you can expect today in moments. >> no worries, my friends. the president is going to focus now on jobs, again. >> jobs must be our number one focus in 2010. making sure jobs are available is the first thing i think about when i wake up. not a day goes by that i'm not

focused on your jobs. >> haven't we heard this before? "fox & friends" continues right now. >> hi, you're watching "fox & friends." >> steve: thanks. we got one more hour for you on this wednesday and brian is off. he continues his vacation somewhere in an undisclosed location and dave is joining us live. >> nice to have three short hours. we do four on the weekends. this feels almost quick. >> steve: there you go. >> gretchen: we've got one more jam packed. we have trace adkins coming up. in the meantime, let's do a couple headlines. a live look at protesters outside the courtroom in cairo, egypt where hosni mubarak is on trial. but here is what makes it kind of different. yep, that picture right there. he's so sick, he's watching his own hearing laying down on a gurney inside of a metal cage. the 83-year-old is charged with corruption and intentionally

killing hundreds of egyptian protesters during the uprising that ended his presidency this past spring. if convictedded, he faces the death penalty. routine traffic stop ends with a police officer shot dead. two others injured at this hour. one in critical condition. it happened in rapid city, south dakota. three officers approached four people in an intersection. they were acting suspicious. one man pulled a gun, firing several shots. officer james lost his life, jest 28 years old. casey anthony spotted in ohio. tmz publishing photos of a woman believed to be anthony wearing an ohio state university baseball cap and shopping at old navy for dresses. the 25-year-old is supposed to return to orlando tomorrow to serve probation on check fraud charges, but her attorney kind of upset about that. >> right now we're filing one motion to set aside and vacate that stupid order that was entered. >> gretchen: in another twist,

the judge who issued the probation is on vacation, so that means the case will likely be handed over to judge perry. if you remember that name, it's because that was the same judge who presided over anthony's murder trial. here is something you normally don't see in southern florida. incredible home video of a rare tornado touching down. the twister tearing through the town, west of fort lauderdale during rush hour. it uprooted trees, flipped over boats like they were toys. but no one was seriously hurt. favorite story of the day, a peacock flew the coop from the zoo in central park. moments ago, pictures right here. it flew off the ledge of a luxury fifth avenue apartment building in manhattan where it spent the night. the bird escaped his net covered closure and became an instant attraction. we just received word he's back on zoo grounds, but it's not clear if the peacock -- i guess we can call him a he. or is it a pea hen?

it's a he. i learned my peacock vocabulary. this entitlement of all peacocks and pea hens. >> the peacock has two twitter feeds and over 100 followers already. more than most people. >> steve: i bet they're pretty funny. meanwhile, the american people were told if the debt crisis was solved, the stock market would rebound. instead, the markets took a hit. >> ashley webster from the "fox business" network is live now. where are we headed after eight straight down days? >> we would hope we go up. we have this behind us frozen in time. eight straight days of losses. yes, we have the debt crisis behind us, but it didn't exactly install a lot of confidence.

in fact, what we have is a crisis of confidence in this country's economy. all of the latest data coming out shows that this economy's business and economy as a whole is essentially stagnant. we've seen the gdp basically stop in its tracks. we've seen manufacturing at its lowest level in two years, personal spending is dropping and private employment dropped by 66,000 last month. it's all very doom and gloom. that's exactly why we have seen the markets go down. so far, we're not seeing momentum and that's why we're seeing a big selloff in the market. >> gretchen: ashley webster at wall street, thanks very much. that really is the focus now because if you thought you were going to wake up to a fairy tale this morning because we solved the debt crisis temporarily, we woke up to the same nightmare. the unemployment rate will haunt the stock market probably moving

forward. this seems to be the new reality. how are we going to get out of that nightmare? democrats are now once again focusing on the fact that it's all about job creation. something they've said before. >> i'll continue also to fight for what the american people care most about. new jobs. >> job, job, jobs, jobs. we can not say it enough. >> many people in nevada and around the country are struggling for the essentials. that is a job. we have to move to a jobs agenda. >> the public is glad to see we moved to rein in our deficits, but now they will put the political premium on efforts to create jobs as democrats, that's our strong suit. >> steve: is it? that's. >> that's their strong suit? what have we seen the last two years? if that's your strong suit, why do we have 9.2 unemployment rate? where does the president go with this now?

he can't get another stimulus package through. >> steve: dave, you're exactly right. that's what all those democrats were saying yesterday. and speaking of stimulus, remember it was last summer, 12 short months ago, that the democrats rolled out recovery summer where we're going to track how all of the jobs have been created by the stimulus. >> how did that go? >> steve: anyway, this administration, starting back in 2009, shortly after health care, started talking about job, job, jobs. fast forward two years and nothing really has changed. we're still -- the economy is stinking up the place. here is a montage of the president talking jobs. >> jobs must be our number one focus in 2010. that's why my administration remains focused every single day on pushing this economy forward. all these investments in innovation, education, and in infrastructure will make america a better place to do business and create jobs.

making sure jobs are available is the first thing i think about when i wake up in the morning and it's the last thing i think about when i go to bed each night. not a day goes by that i'm not focused on your jobs, your hopes, and your dreams. and in the coming months, i'll continue also to fight for what the american people care most about. new jobs, higher wages, and faster economic growth. >> steve: okay. if you're going to talk about it, let's get some action. i know you've been talking about it for a couple of years. we're ready, mr. president. >> gretchen: here is the problem, they are significantly different in their approach, their ideology between republicans and democrats. they're like this as to what it takes to create jobs. so it will be interesting to see if they can actually do this or this one or this one because we just found out in the whole debt thing, they did come together eventually, but they have very different points of view as to how this will happen. >> the president wants to extend unemployment, how is that going to create jobs? he wants to extend the payroll tax. there is very limited things he

can do right now, clearly no stimulus spending will happen. >> steve: what he would really like is another gigantic spending bill, which they're calling a jobs bill, which would rebuild the infrastructure. let's build a bunch of bridges and stuff like that and we know last time we had a great big stimulus, it was supposed to be for that shovel ready stuff that wasn't so shovel ready, what did those jobs cost us? a quarter of a million dollars apiece? how many of those people still have those jobs? >> we'll find out a lot on friday when we get the new jobs numbers. did the unemployment rate move at all? >> gretchen: we all know sponge bob is popular with the kids and for the life of me, i keep trying to figure out why it is. >> i'm with you. i don't get it. >> gretchen: my kids watch limited tv, but when they choose that tv, i'm like why? anyway, it's hard to even follow sometimes. now maybe that will be a good thing because sponge bob is talking a lot about global warming and he's only looking at it from one point of view. >> sponge bob, you're wasting

precious carbon dioxide! >> carbon dioxide! >> i'm pumping it into the atmosphere, boy. thanks to global warming, the temperature will soon go through the roof and then we'll have an endless summer. >> why do you want an endless summer? >> so i can open my lady's money making venture, the trusty pool! >> who turned up the heat? >> sponge bob, what are you doing? >> just throwing another tire on the fire for global warming. >> steve: okay. so what happened july 20? the department of education invited a bunch of dc kids in and they had this festivity and they handed out these particular nickelodeon books where clearly nickelodeon agenda. while there is no disputing the fact that the earth is getting warmer, the big question is, is it manmade or is it just one of those gigantic climactic phases

that we're doing? for a while we get cold and warmer. which one is it? the science on both sides, there are a lot of scientists who say it's this. others say it's that. >> right, it's unproven science. and again, this is public education system that we all pay our tax dollars for and the sponge bob book says it's a manmade problem that requires human intervention. >> steve: they're presenting it as fact. >> as fact. meanwhile, the schools there -- we're talking about 14th in the world in reading. 17th in the world in science. 25th in math. so we're forcing an issue that is not yet proven. we can't even teach our kids the adequate math, reading and science at this point. >> gretchen: what did you think about it? this was a tweet we got depending on what side you were on. there is always one side. teach your kids to think for themselves and be objective. another tweet says, close the department of no education and

let the states and families educate. >> steve: here is another one yet. unfortunately, this has become the norm. up to us as parents to teach kids to think for themselves. ultimately that is exactly it. >> gretchen: -- kids don't tell you everything they look at school. that's the problem. how do you know? >> how was school? fine. that's all you hear. >> steve: my daughter sally came back from school this past year, in high school, and she said, we had a choice. we could either watch "inconvenient truth" or some other michael moore film. >> that's quite a choice. >> steve: so we chose "global warming." >> gretchen: coming up, this video is tough to watch. a police officer mowed down in a hit and run. you don't want to miss what the cop does next. it's incredible. >> really is. and the budget battle not yet over. the big question left for the new super committee. >> steve: is that the super committee? >> we hope. who should be on that committee? wait until you hear who our panel has picked, coming up. >> after the vote, senator chuck

schumer said it's time for jobs to move to the front and center. the only time these guys worry about our jobs is when they're about to lose their jobs. that's the only time. [ female announcer ] so you think your kids are getting enough vegetables? maybe not. v8 v-fusion juice gives them a full serving of vegetables plus a full serving of fruit. but it just tastes like fruit. [ male announcer ] get five dollars in money-saving coupons at v8juice.com.

>> gretchen: welcome back. with president obama signing the debt deal into law, congressional leaders have to choose that super committee of 12 lawmakers, equally divided between the house and the senate and republican and democrat.

their task, to find more cuts over the next decade. with so much at stake, who should be on that committee? let's ask our political panel, victoria, professor of political science and a faculty fellow at northwestern institute for policy research. jason wright, ed tore of political derby.com and author. and political strategy, deedee. good to see all of you. you did all your research and thought process about who you think should be on this committee and i'm going to tart with victoria. who are your picks? >> you think about this and it's like jury duty. nobody wants to be on this committee, but they're going to have to fulfill their civic duty. i started going down the line and figuring up who would be best insulated from political pressure. so we want on the senate side, folks not going to be up for reelection in 2012. on the house side, we want folks that are not invulnerable -- in vulnerable districts. my fantasy picks will be more centrists. i want people who can play nice

together in the sand box, talk to each other. senate, i'm thinking mcconnell , schumer, landrieu, maybe finestein. the house will be more difficult. i want to do more homework. >> gretchen: you don't think people want to be on this committee? >> i don't. >> gretchen: i don't know about you, jason, but who are your picks? >> you should be on the committee. >> gretchen: can't be. don't you want to be the one that's taking charge or not? >> absolutely. my three picks would be -- i think harry reid has to be in the room. he's a senate majority leader. i think that speaker boehner has to be in the room. this is their job. this is what congress does. i think they absolutely drove the compromise, they were there when we got in this mess, they should be there when we figure out. my third pick is steve jobs. i think we need some courageous private people -- .

>> you go right ahead. >> who has more cash on hand than apple right now? get people in there who know how to solve problems in the private sector, generate revenue, to manage a budget and have a surplus. steve jobs. >> gretchen: we don't know the rules. like, for example, can the leaders be on this committee or is it just their job to appoint? that would be an interesting thing to know. deedee? >> i like the thought of having a nonmember of congress. so i would like to see donald trump on that committee. if someone can broker a deal and cut through the crap. i think he would be fantastic. we have to keep it to the member, i think portman on the senate side because he was the director of office and management ask budget. paul ryan, because he's got all the facts and the poor guy has been trying to get a budget through for 800 days. and i think whip mccarthy. kevin mcmccarthy was key because he knew the newer

members and he's very good at negotiating. i think they're moderate enough, but also tough enough to get it done. on the democrat side, i don't know. i mean, i think -- i don't know. >> gretchen: they have to do this within the next two weeks. isn't the most important thing here whether or not you're going to pick a hard liner in your party or a moderate? >> i think more than hard liner or centrist is somebody who is insulated from political pressure. i keep coming back to that because then you have the liberty when you are in consensus to speak freely and not know that your phone lines will be flooded from your district and capitol office. you need that liberty. >> gretchen: the gang of six, i believe none of them were up for reelection. stick around, panel, because we're out of the debt crisis for now. but what will america's debt look like next year? what about ten years after that? 20 or 30 years? could be scary of the shocking report, drugs to treat ptsd no more than a placebo? that's posttraumatic stress disorder for our soldiers.

is that really the best we can do for our troops? and a tennessee house destroyed by fire, but trace adkins is looking o on the bright side of things and he's here to explain. he's a man of few words sometimes, but he's got a great voice. ♪ [ male announcer ] imagine all of your missed opportunities

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>> gretchen: welcome back. budget experts already calling the spending cuts in the debt plan just a drop in the bucket. to put that in perspective, the

immediate $1 trillion in cuts over ten years is the equivalent of what the government spends in ten days. wow. less than 3% of what the government has spent annually in the last three years. worst yet, less than 1% of our outstanding total public debt. with that news, we're back with our political panel. they get to try and decipher this one. what does it say about where we are down the road ten years down the road with our debt, 20 years, 30 years? >> this is simple. if we reelect barak obama, we are greece. we're in big trouble. this guy is taking us to financial ruin. we are doomed. now, the good news is i think he's going to lose. if we have republican leadership, i think that they will try to fix this best they can. right now we put the tourniquet on the wound, so we don't die. this was in a way a drop in the bucket, but at least we're stopping the bleeding a little bit. the big war is in 2012 and we have to win it. >> gretchen: jason, isn't that

scary when you look at the numbers like that? people are so used to hearing billions and trillions, when you actually figure out that this may have all been a wash, right? >> yeah. it doesn't add up. i'll just say in respect to my two new friends here today, look, obama did not get us into this mess. >> oh, yes he did. >> he hasn't made it better, but this has been going on for a really long time. >> gretchen: you mean the overspending? >> absolutely. this is not a problem that you can trace back to election day in 2008. he made it worse, but he didn't create this problem. i think the finger pointing to the obama administration by conservatives needs to stop. we need to find solutions and recognize that this is a problem very, very long in the making. ten years from now, the cbo says we'll spend $42 trillion over the next ten years. let's assume that they're slow and no growth, 2.2 trillion roughly per year, we're looking

at $30 trillion. that's the deficit in ten years. >> they have to change -- >> this is a baby step in the right direction. >> don't you have to do what they originally set out to do, which was to focus on the biggest spending issues, which are the entitlement programs? >> i want to focus on something slightly different. looking into the future, not so much ten years, but a year from now, the biggest losers here will be the states. we talked about kicking the can down the road. we kicked it to the front doors of state legislatures. we're putting the pressure on the state capitols and at the state and local level, we're going to see falling deficits. we have 42 states -- >> gretchen: at the same time, we've seen states get it under control, too. they all have to have balanced budgets. what a novel thought. with that, i have to go. thank you so much, panel, great

discussion today. let's go out to steve. is he in a headlock with trace adkins yet? >> steve: not yet, but moments. it is the biggest series of cyber attacks ever and now we're closer to finding out who was behind it. then check this out, a police officer mowed down in a hit and run, but what does the cop do next? unbelievable. you don't want to miss that. then ladies love country boys, especially this one, trace adkins is talking politics. when we come back. the "mystery spot". not a mammal in this household isilling to lay claim to its origin. but now is not the time for blame. now is the time for action. ♪call 1-800-steemer.

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took some crazy risks as a kid. but i was still over the edge with my cholesterol. anyone with high cholesterol may be at increased risk of heart attack. diet and exercise weren't enough for me. i stopped kidding myself. i've been eating healthier, exercising more, and now i'm also taking lipitor. if you've been kidding yourself about high cholesterol...stop. 80% of people who have had heart attacks have high cholesterol. lipitor is a cholesterol lowering medication, fda approved to reduce the risk of heart attack and stroke in patients who have heart disease or risk factors for heart disease. [ female announcer ] lipitor is not for everyone, including people with liver problems and women who are nursing, pregnant or may become pregnant. you need simple blood tests to check for liver problems. tell your doctor if you are taking other medications or if you have any muscle pain or weakness. this may be a sign of a rare but serious side effect. great ride down.

if you have high cholesterol, you may be at increased risk of heart attack and stroke. don't kid yourself. talk to your doctor about your risk and about lipitor. you noticed! these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. >> dave: japanese company sign ago very cool -- finding a cool way to beat the heat. you're looking at it right now. what are you looking at? an air conditioned coat, complete with built in fans. the company that makes the jackets says they're selling

like hot cakes. >> steve: hot cakes. cool suits. >> dave: sign steve up. >> steve: i wonder how much that is? cool. >> dave: very cool. pun intended. >> gretchen: probable loot not good for your figure if you're a woman. >> steve: you have a choice, do you want to be hot or cool? please. we got hot headlines for you. in a couple of hours from now, the world's most extensive case of cyber espionage set to be revealed. behind the attacks? china. that's according to security firm macafee. revealing details of the hits. they include attacks on our government and computers belonging to the u.n. the security breaches, all 72 of them, go back as far as 2006. thanks a lot, china. >> gretchen: combat vets suffering from posttraumatic stress disorder, a new study shows the drug risperdol is no more effective than a placebo and it's one of the most

commonly prescribed medications to treat it, marked by extreme depression and anxiety. the study was published in the journal of the american medical association. >> dave: tough to watch. police officer hit by a stolen car, but don't worry. there is an awesome ending. it happened near london. the officer tried to block this stolen bmw. wow. but the driver plowed right into him. amazingly, the officer wasn't hurt. well, he wasn't hurt enough that he got up, chased this guy down. they're calling him super cop. he jumped to his feet, chased down the driver, hit him with a taser. call him robocop. that's unreal. >> steve: one day after signing the debt deal, president obama is getting out of town, flying to chicago to celebrate his 50th birthday. joining us live from the white house with the big plans and details as well, molly henneberg. it's a birthday party tonight where people can go if they've got enough money. right? >> that's right.

good morning, steve and gretchen and dave. it's a birthday party/fund-raiser tonight. the president will celebrate his 50th birthday, really a day early. it's not 'til thursday. but tonight he'll be in chicago to headline two fund-raisers. one is a higher dollar dinner and the other is a lower dollar concert with concert ticket prices starting at $50 in honor of his 50th birthday. he'll also do a teleconference with hundreds of house parties around the country as part of his reelection campaign strategy to bring in dollars and generate support and enthusiasm for his reelection campaign. the president's campaign manager says the protracted debt talks in washington and here you see the president signing the debt deal yesterday -- forced them to cancel ten fund-raisers recently involving the president, vice president and white house chief of staff. and the president says the campaign -- the campaign says there isn't enough time in his schedule to make them up. one of the stars at the birthday/fund-raiser concert tonight is jennifer hudson. she sang at the democratic convention in 2008 and she'll

sing for the president and his supporters tonight, along with herby hancock and the chicago rock band, okay go. republicans are hiding the president for focusing on campaign dollars on his birthday, rather than the economy. one gop spokeswoman said that campaigning seems to be, quote, the part of his job that he really likes. back to you guys in new york. >> steve: all right. molly henneberg joining us from noisy washington, d.c. >> dave: quite a bash. the debt deal is a done deal, but it's been a bit of a nightmare. >> steve: we wondered what it would look like if hollywood decided to make the origins of the exploding national debt and deficit into a movie. here would be a preview of coming attractions. >> this is an essential short-term measure. we have acted boldly to help

prevent the crisis on wall street. exercising the authorities in this bill in a responsible way. will require careful analysis and deliberation. >> american recovery and reinvestment act, the most sweeping economic recovery package in our history. >> $2 billion allotted for neighborhood stabilization. >> largest single jump in federal spending in the history of the united states. >> it will top a trillion dollars. >> gm got south of $20 billion. >> writing checks for tens of billions of dollars. this isn't going to end. >> the tea party is back, close to 40 protests springing up across the country today. >> unlimited bailouts by this administration. >> closure notices have been

going out. >> "cashin' in." >> another couple of billion to keep this clunker going. >> we will be greece at the rate this government is spending money. >> riots broke out in greece. >> america's big greek bailout? taxpayers could be on the hook. >> the era of big government is back. democrats are asking you to pay for it. >> never faced anything as consequential as the recession we inherited. >> what's impractical is a trillion and a half new debt every year. >> don't spend more money than what you're taking in! >> millions and millions of americans that depend on those checks coming in. >> all those cuts doesn't charge one red cent to people who have benefited so much from the greatness of our country.

>> approved, the compromise if not passed would have devastated our economy. guarantees more than $2 trillion in deficit reduction and allows us to keep making key investments. key investment. >> steve: joining us now with an instant analysis, country star trace adkins. good morning to you. >> that's depressing. thank you for that big energetic lead-in. >> steve: that's what's going on right now! we've been watching this for months. >> i know. >> steve: you lived through it. is that a film you'd see again? >> no. i wouldn't see it again. it's all a huge conspiracy to take away -- take the press away from me on the day i release my new album. that's all it's about. they're just trying to -- >> steve: that one right there? >> yeah, that one. >> steve: "proud to be here." it's about guardian angels, right? >> well, that song is about near death experiences. i've had a few.

but to title the album that for me, it has a double intender because i don't know what the average life span of a country music artist is, but i don't think it's 16 years. i think -- >> steve: you're doing great. >> i think it's shorter. just to still be around and still have some fans that enjoy what we do and to still feel just somewhat relevant, i'm just proud to still be here. >> gretchen: now all your fans out there and our viewers want to know, what were the near death experiences? >> i had a bunch of them. i've been offshore rig during a hurricane. i've been shot and cut and beat up and wrecked by a bunch of vehicles. just to name a few. >> dave: sounds like a country music song. then you add to it, maybe the worst thing of all, you lose your home. it's burned down two months ago, down in tennessee. what was the toughest thing about that? you lost everything. we're talking about pictures and memories. what was the hardest thing about losing your home? >> really the hardest thing about it was, was the fact that

i wasn't there. you know. i'm not looking for sympathy from anybody 'cause i have a great job, but, you know, that's just another example of something that i was gone when it happened and i was actually -- the entire time it was burning, i was in the air flying from dallas to anchorage, alaska. i landed in anchorage and found out what had happened and then it took me another nine hours or so to get back home. >> gretchen: how were your wife and kids? >> they were fine. my two littlest girls were there. but we had our plan in place and we had rehearsed and all that. so i was very proud of them that that kicked in and they went to their safe place, their muster area that we had gone over. >> dave: you had a plan in place for a potential fire. >> sure. and we had our place designated that if anything ever happens, whatever it may be, this is where we all gather so that

we'll all know everybody got out. >> steve: what caused the fire? >> they said -- the investigators said it was a faulty power strip. >> steve: you're kidding me? like under the computer or something? >> well, yes. it was actually behind a workbench of mine. it had been there for years. i said i didn't know that i needed to be concerned with power strips getting old and not working properly and he said, well, sometimes those components in there get a little corroded and they won't work right and blah, blah. news to me. i didn't know that. >> gretchen: that's tragic. >> still, it was a freak thing. i only know one person in my life, my cousin, whose house burned down. when you think about it, it is such a rare event. very seldom ever happens and to happen to me, i can't believe it. >> steve: you're rebuilding? >> yeah, we're rebuilding. >> gretchen: coming up, people are going to be excited to know that trace is doing more than just sitting on a curvy couch. he's going to perform for us. what are you going to sing?

>> we're going to do "just fishen," a song about spending time with your kids, which i hope if anybody gets any kind of message out of that song, that that's what they get, how important it is to spend quality time with your children and make those memories that they'll have forever. that's my little girl in that video, my six-year-old. >> dave: it's a great song and a great message. trace is going to perform it for us live if a couple of minutes. we look forward to that, sir. >> me, too. where is kilmeade on his say vacation? >> steve: we can't tell you. >> i want to go heckle him. >> steve: he's out of the area code. >> i don't care. >> gretchen: baiting hooks like you were. next on our rundown -- >> i'm going to find him. >> gretchen: president obama dropping in the polls. our next guest knows the exact two moments that push voters over the edge and could turn him into a one-term president. wow.

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>> steve: the debt dedate and proposals left many americans angry with washington, d.c. lawmakers and especially the commander in chief. in the latest poll, 42% of americans approve of president obama's job performance. and that is a new weekly low. if the president loses reelection in 2012, can we point to the debt ceiling date as sealing his fate or is there another moment that would be remembered as when he became a one-term president? the director of the center for politics of the university of virginia joins us now. larry, congratulations. we've got animation for you now. >> i am very impressed. i'd like to get a copy of that. >> just stick around. we'll play it over and over. larry, if the president does become a one-term president, can you track it in your mind, when it happened? >> sure. i would pick two dates. both in july.

july 8 when we learned that there was virtually no job creation in america in june. and july 28, when we learned that the entire economy had flat lined in the first two quarters of this year. neither number was expected. it shocked all the economic experts inside and outside the white house and it delivered a very potent message to president obama. his reelection race is not going to be easy. >> steve: speaking of the economic experts inside the white house, larry, everyone on his economic team has been wrong! >> yes. they have been consistently wrong. i think if you're going to be wrong, it's important to be consistently wrong because that reassures people. and in their defense, all the private forecasters that we see on tv have been wrong, too. they've been projecting that we would come out of this recessionary slow period for a long, long time.

every month it stays the same or gets worse! >> steve: right. and i know you told one of our producers that when george herbert walker bush was president, he hated broccoli and now president obama hates peas. and we all hate peas now. >> i like peas. but i'm not going to argue with you about peas. i actually like broccoli. i'm a very strange person. but look, he's having to eat all his peas. he talks about eating our peas a lot. he's got breakfast, lunch and dinner full of peas after this debt debate and the jobs report. we'll see friday. there's a new jobs report coming out. maybe it will have better news. but remember, we have to create several hundred thousand jobs with each of these jobs reports just really to stay even. so it's a tough uphill climb. >> steve: real briefly, at the top of this hour, we played a montage of how the democrats are now talking about how we're going to pivot and start talking about jobs.

then we played another sound bite montage of how many times over the last couple of years the president said, my number one priority, jobs. he said that in 2009, 2010 and now. >> well, he said it a lot and i guess he's searching for the right combination of magic words. the truth is, he's had his slot. government produced all the jobs they can produce and now he just has to hope that things change. >> steve: you're right about that. all right. larry, we thank you very much for joining us today from the university of virginia. >> thank you, steve. >> steve: next up on the rundown, we're going fishing with trace adkins. he'll perform live next. but live, let's go to studio j for a preview of what happens in 12 minutes with alisyn camerota. >> thanks so much, steve. coming up, the debt deal is signed, but the market plummets. what does this mean for the

economy? also now that they've done an autopsy, what are investigators saying about 11-year-old celina cass' mysterious death? casey anthony has been spotted trying to blend into a new community. we'll show you where. will a judge order her back to florida? all that when bill and i see you in about 11 minutes. [ p.a. announcer ] announcing america's favorite cereal is now honey nut cheerios! yup, america's favorite. so we're celebrating the honey sweetness, crunchy oats and... hey! don't forget me!! honey nut cheerios. make it your favorite too! maybe not. v8 v-fusion juice gives them a full serving of vegetables plus a full serving of fruit. but it just tastes like fruit. [ male announcer ] get five dollars in money-saving coupons at v8juice.com.

>> gretchen: as promised, we have trace adkins. we're outside and he's going to perform the new single "just fishen." take it away, trace. >> thank you. ♪ i'm lost in her there holding

that pink rod and reel ♪ ♪ she's doing almost everything but sitting still ♪ ♪ talking about her ballet shoes ♪ ♪ and training wheels ♪ and her kittens ♪ and she thinks we're just fishing ♪ ♪ i say, daddy loves you, baby ♪ one more time ♪ she says, i know. i think i got a bite ♪ ♪ and all this laughing, crying, smiling, dying here inside ♪ ♪ is what i call living ♪ and she thinks we're just fishing on the riverside ♪

♪ throwing back what we could fry ♪ ♪ drowning worms and killing time ♪ ♪ nothing too ambitious ♪ she ain't even thinking about what's really going on right now ♪ ♪ but i guarantee this memory's a big one ♪ ♪ and she thinks we're just fishing ♪ ♪ she's already pretty ♪ like her mama is ♪ she's gonna drive the boys all crazy ♪ ♪ give her daddy fits ♪ so i better do this every chance i get ♪ ♪ 'cause time is ticking ♪ and she thinks we're just fishing on the riverside ♪ ♪ throwing back what we could fry ♪ ♪ drowning worms and killing time ♪ ♪ nothing too ambitious ♪ she ain't even thinking about what's really going on right

now ♪ ♪ but i guarantee this memory's a big one ♪ ♪ and she thinks we're just fishing she ain't even thinking about ♪ ♪ what's really going on right now ♪ ♪ but i guarantee this memory's a big one ♪ ♪ and she thinks we're just fishing ♪ ♪ yeah, she thinks we're just fishing ♪ ♪ [ cheers and applause ] >> steve: trace adkins, that was fantastic. >> thank you. >> steve: singing about your daughter, aren't you? >> all of them. >> steve: and you are a softy when it comes to your girls, aren't you?

>> yeah. >> steve: whether it's fishing or basketball, what is so important about those moments, that alone quality time with your kids? >> well, those are my favorite childhood memories. i think back on it, it wasn't the gifts that i may have gotten at christmas or anything like that or things that happened at school. it really was times that i spent with my parents and my grandparents, you know. i remember going fishing and hunting with both of my grand daddies. it's those kind of memories that are so important. >> gretchen: it's nice to hear a famous guy talk that way. because sometimes that gets lost in the shuffle. but not with you. >> steve: stick around, we want you to be in our after the show show. a little more with trace adkins. round of applause for the big man from tennessee! we'll be right back. thank you.

>> gretchen: you want to hear more of trace adkins? join us more the after the show show. what's coming up tomorrow?