ter show on television especially in the morning, please tune in. we'll see you tomorrow morning at 6:00 a.m. >> more doggy tips for summer. logon to foxandfriends.com for more fun. bye, everybody. fox news alert, you are looking at a live picture from baltimore, where former maryland governor martin o'malley will announce he is running for president, the second official challenger to hillary clinton and by many accounts the candidate that most worry team clinton. good morning to you, welcome to this special edition of "america's news headquarters" from washington. >> governor o'malley set to speak any moment from baltimore. neil cavuto will air an hour from now beginning at 11:00 a.m. eastern. straight to ed henry live from

baltimore. >> reporter: good to see you. some new information, martin o'malley called hillary clinton to officially tell her that he is getting into this race. obviously an announcement he'll be making shortly to his supporters here on historic federal hill. what is interesting is that martin o'malley is trying to pitch himself at least as a younger hipper and more liberal version of hillary clinton on that hip score. let's remember he put out a youtube video in the last 24 hours teeing this up of himself strumming a guitar to the strands of "hail to the chief," wishful thinking perhaps, that's what a lot of people are thinking about as they enter this race. lot of candidates obviously on both sides but remember he was in an irish rock band known as o'malley's march while he was governor. in terms of the liberal alternative to hillary clinton he's had trouble finding space there for a number of reasons. number one, he actually endorsed hillary clinton in 2008 and while he's tried to run to the left on issues like wall street

reform immigration, hillary clinton has been tacking to the left on immigration, same-sex marriage not giving him a lot of running room and political analysts say look is he in this for the long haul or is he in it to raise his name i.d. and hope he can get a cabinet post? there are other analysts noting as well the recent baltimore riots may hurt his legacy as a former mayor of this city and governor of this state. listen. >> if he's playing nice it means he wants another job. if he's willing to take her on he means he's going to try to go all the way. >> the problem for him, of course is that his biggest resume is smoldering right now and was recently in actual complete flames in baltimore. so i think that's going to be a big problem for him. >> reporter: now on that question of whether he's really in this to win it what we'll be watching for later this hour in this announcement from baltimore is martin o'malley going to take

the gloves off and really show himself to have an agenda and a case that is a liberal alternative to hillary clinton in the early stages as he tested the waters. he was very friendly very gentile to her and not really taking it to her on a lot of these issues unlike bernie sanders, a democratic socialist who in recent days is pushing hillary clinton on issues like trade because she has not taken a position on that transpacific partnership trade deal getting hit from the left from bernie sanders, elizabeth warren and others. >> ed as you know it's a mixed legacy for o'malley with the recent violence. what can you tell us about that? >> reporter: interesting, because you heard charlie hurt there, conservative analyst, saying that the recent baltimore riots here could really hurt his legacy. in fact there's a group, the baltimore bloc which has been saying they will be here at the rally. we haven't seen them yet, protesting because they believe that martin o'malley's zero

tolerance policing policies actually led to the death freddie gray. martin o'malley in a recent interview rejected that criticism. undoubtedly of course he'll refer to the riots and aftermath in his remarks today. >> thank you, ed henry reporting live and as soon as the former governor takes the podium we'll bring that to you live. leland? we're learning more about alleged hush money paid by former house speaker dennis hastert. a law enforcement source tells fox the nun was paid by hastert to cover up sexual misconduct. the alleged misconduct is said to have taken place during his time as a high school teacher and wrestling coach. hastert has yet to respond to the allegations. current house speaker john boehner released this statement "the denny i served with worked hard on behalf of his constituents and the country. i'm" referring to the current

speaker "shocked and saddened to learn of these reports." the army's shipment of anthrax is more widespread than reported. it's believed to have been shipped to 24 laboratories in 11 states as well as australia and south korea. the anthrax sarmzmples were supposed to be made fully inactive. there's no risk to the public. the defense secretary ordered a review of laboratory procedures and the cdc is investigating the incident. extreme weather alert, there is finally some relief in sight for water-logged texas. the record-breaking flooding has now killed at least 20 people. as many as 14 are still missing and the rescuers had to be rescued. police officer needed a helicopter to be lifted out of some flooding. his car was blocking a flooded road when the water suddenly rose in texas, many highways are

submerged, many homes are still threatened by high water as we watch the police officer floig there. we have today's forecast rick how are things going to happen in texas over the next couple of days do they get some time to dry out? >> they are. it's coming. we still have one more wet day to get through and then the pattern changes quite a bit for us which will be welcome news. these three cities, ft. smith, oklahoma city and wichita falls have had the rainiest month ever. dallas corpus christi, dallas another inch of rain move through this morning but it's not just those cities. you can see how widespread this is all of oklahoma isn't just these two states. bordering states off to the east getting incredible amounts of rain and that flooding has been the case. we have flood warnings from st. louis and parts of illinois all the way down towards brownsville, texas, and flash flooding going on here right now from the dallas area out across

i-20 because we've had these heavy rain showers move through. this is the line that moved through overnight and this morning throughlass, bringing heavy showers off to the east. behind it however, we are going to dry things out and take a look at what happens over the next seven days in dallas, texas. you have not seen six-day stretch there without showers in ages but that's what we're going to be looking at i think over the next week. our pattern kind of xloetly shifts here and this is what we're looking at this week. this is the outlook above average chances of average precipitation across the northern plains. what happens is the storm track comes farther toward the north and we'll see rain showers here and dry out across much of texas which we definitely need. below average chances across parts of the west where we need the rain. and get ready we'll start a very wet spell across much of florida over the next number of days. changes are in store, we have one more day to get through and some of those thunderstorms that

moved through will cause a little bit of localized flooding again, and then we start to see the improvement tomorrow and certainly next week which is some welcome news. >> improvement and then the beginning of cleaning up happens. rick reichmuth in the extreme weather center thanks. a major earthquake hit tokyo, no damage is reported met the epicenter near remote rural islands near tokyo. no tsunami warnings have been issued so far. meetings between top u.s./iranian diplomats are under way in geneva. john kerry met with his iranian counterpart this morning in an effort to bridge the gap between differences in inspections. john huddy is following the developments and joins us live. john? >> reporter: yes, elizabeth, the

issue about inspection of iran's military sites remains a major as some people are calling stumbling block at this point. that's why these negotiations kicked off today with exactly a month to go. this is the first meeting between secretary of state kerry and his counterpart, foreign minister zarif of iran. since april when the u.s. and five other world powers p5 plus 1 reached an agreement with iran but several issues remain unresolved as i said in particular access to iran's military sites by iaea international atomic energy agency inspectors. the u.s. wants to make sure iran doesn't have any bomb making capabilities for ten years and if iran doesn't allow inspectors in that would be essentially a deal breaker. the the senior iranian negotiator says the inspection of military sites is "completely

out of the question and off the table." so that remains a major unresolved point. it was in april and it remains the case now, and then there's the issue of how quickly sanctions would be lifted on iran if an agreement is reached, and if it is and sanctions are lifted but iran doesn't follow through with the agreement the u.s. wants what is called a snap back mechanism basically to reimpose those sanctions, and those are really the two main bullet points that are being discussed today and we're also hearing possibly these meetings could stretch into tomorrow as well. so while some feel that a deal with be reached by downtoth, elizabeth, others are not so optimistic. we have seen talks unravel before and u.s. officials say that these negotiations are not going to stretch any longer than that june 30th deadline that is not an option. and so it begins. we'll see what happens. >> john huddy reporting live, thank you very much, john.

the pentagon says they are still fine tuning their strategy against isis comes as things on the ground appear to look profoundly worse not better. the promised counter attack hasn't materialized and isis is using the time to dig in. retired general bob scales joins us now. as we look at u.s. policy in iraq general, where do we make the line of demarkation between a failing policy that allowed isis to take cities like ramadi and a failed policy you have to go back to the drawing board rather than fine tune get a whole new car. >> the policy fails when isis goes being a terrorist organization to a state. >> and where does that line of demarkation occur? seems like they're awfully close. >> they're almost there. there are four different aspects that define the state. the last is international recognition and as long as they occupy the swathe of syria and western iraq and no one is there

to threaten them militarily and they begin to consolidate politically in that swathe. >> they already are. >> which they already are, it's only a matter of time before north korea, venezuela, begins this process of recognition and god forbid when isis gets a state which they call a caliphate the game changes. now it's not just the united states and iraq versus an insurgency. now it's state on state warfare. >> the rules change. the obvious military challenge is the iraqi military. left to the u.s. military who has overwhelming force including air power. one of the problems of air power around ramadi is the issue of targeting. i put up a quote from a navy f-18 pilot who spoke to our producer at the pentagon. he said "there were times i had groups of isis fighters in my sights but couldn't get clearance to engage. they probably killed innocent people and spread evil because of my inability to kill them.

it was frustrating." we are hearing it is an hour between the time that a pilot has isis in their sights and they are cleared to engage. in ramadi over the past couple of days where allegedly this big counterattack will happen there's one air strike per day. what's going on? >> quick do the numbers. world war ii an on call strike in europe took four minutes. in korea, 15 in vietnam 15 to 20 and that's too slow. as long as you're bombing against fixed installations, bombing against a depot or bombing against a headquarters an hour doesn't make any difference but when you're fighting a tactical target someone who is moving or someone maneuvering or driving down a road an hour you have no target. >> in an hour we could be in baltimore. >> the point is 75% of the sort sortis sent into isis territory come back with bombs on their

wings. it's rules of engagement. the command is so nervous about collateral damage and oh by the way, little as you know, isis is so adapted and so shrewd they go underground, live amongst the people. they no longer drive big weapons around and that makes targeting extremely difficult, if you don't have someone on the ground who can see them and see that they're insurgents this will continue. it can't get any better. >> right now they've taken ramadi consolidating inside ramadi. week ago we heard there's a big counter offensive coming. they spent a lot of time milling on the ground waiting for the counter offensive to start. is there a way under the current policy of using the iraqis on the ground with limited u.s. air power for this to turn the tide for the momentum to switch to the side of the iraqis? >> short answer no or if it does happen it's going to take a long time. here is the problem. if the iraqi government takes time isis takes time you know this is all about the clock. this is all about intent.

it's all about will. we say we'll take another year to rebuild this iraqi army. isis will take another year to build up their army and they are improving much faster than the iraqis are. it's a foot race that only isis can win. either we start acting now or isis becomes a state, become a caliphate and we are in a completely different ball game. >> quickly, is it time to take the gloves off of u.s. special forces let them outside of their training role and allow them to start going out and conducting missions against isis? >> that's our last best hope when there are no other operations. some type of night raids, following on really good intelligence where we start to kill the middle management of isis. these organizations aren't run from the top and aren't run from the bottom. they're run by the financiers the maintenance people communicators, people who do the recruiting. if they're not being killed right now you can bet the iraqi army won't do it. >> we'll see if we go from a

failing strategy to a failed strategy and come one something that works. major general scales thanks for your time. there's much more ahead on this special edition of "america's news headquarters." the anticipation in baltimore is growing. supporters of former mayor martin o'malley are waiting to see if he'll announce could the underdog turn into a big contender? we're standing by to bring you that live. >> and a national guard soldier killed in an army helicopter crash but denied burial at arlington national secretary, that story coming up. plus saying a final farewell to a blues legend. b.b. king makes the final journey home to the mississippi delta. ♪ ♪ the thrill is gone away ♪ >> reporter: good morning. we are coming to you at a special time today with more candidates jumping into the presidential race. only one hopeful thus far hasn't

declared doesn't have a college degree. governor scott walker telling me that's a plus not a minus. >> tragic flooding in texas being blamed on climate change. are some using this as a convenient excuse to push an agenda and leaving you with the bill? we'll see you at a special time 11:00 a.m. eastern time right 'til 1:00 p.m. it's delicious! and this new kibble blend is so healthy. thank you. no, nancy, thank you. kibbles 'n bits. because every bit matters.

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remembering the dippingking of blues this morning. thousands are paying their respects to the ground breaking artist and singer b.b. king. king's funeral is being held in indiola, where he began his rise to fame. he passed away earlier this month at his home in las vegas at the age of 89. fox news alert as we look live at baltimore, some music on stage ahead of former maryland governor martin o'malley announcing his run for president. democrat. obviously has a very big uphill battle against hillary clinton, but we are told by many folks that team clinton is taking his candidacy seriously. so what does grn o'malley need to governor o'malley need to do to be a serious challenger?

>> cal thomas and former indiana seven evan bayh are here. thank you for joining us. cal, we know the former governor is looking to take a more progressive stance than hillary. do you think that's what the country wants? >> no i don't think that's what the country wants but i think it's what the democratic party wants. he's a pretty consistent liberal. he was for same-sex marriage at the beginning. he is for higher taxes and more spending. he was against the iraq war. hillary clinton was for the iraq war and voted for it when she was a senator before she was against it. she was against same-sex marriage but now says she is for it. so i think martin o'malley has a far more consistent record that is appealing to progressives on the democratic left. you asked is the country ready for it? martin o'maly has a record as mayor of baltimore. he was applauded for trying to get people to come back in.

the number of abandoned buildings increased by over 2,700 while he was mayor of baltimore and a study by two harvard economists show that among 100 american cities baltimore ranks last when it comes to children and the possibility of their escaping poverty. so yes, he has a record that is favorable to the democratic left but no i don't think he has a record that will appeal to the country. >> we'll switch to senator bayh and the democratic perspective in the sense that o'malley is a virtually unknown, that may be an insult to people who are virtually unknown. his polling numbers are almost nonexistent. the question is for him to become relevant he has to take on hillary clinton. he has to not be a sparring partner but fight to win. he does that means he doesn't get a cabinet post in her administration and he could hurt her standing in the democratic party, which way does he if? >> leland as you indicated in the open this is just a major challenge for martin o'malley who is a good guy. i think it's good we have a

competition in the democratic party. i know secretary clinton is not taking anything for granted. she's going to compete and wants to win but for martin o'malley governor o'malley it's a hard thing if he goes hard left he runs into bernie sanders, a socialist who already staked out that territory. if he goes negative and starts attacking hillary clinton personally many people are fed up with negative campaigning and in particular what he runs into leland looking at the democratic primary electorate not the electorate in general but democrats who vote in primaries, hillary clinton is very strong her favorable rating in the high 80s or low 90s. the voters think she's experienced, smart, strong fighting for middle class families. it will be hard for o'malley to attack her. >> i agree there's a lot of democrats who like hillary clinton but she has a lot of political baggage, decades worth of it. you know o'malley well and dealt with him for a long time. is he going to have any sort of deep inrooted i don't want to call them scandals but for lack

of a better term scandals that hillary clinton has in her past as well. >> i would be surprised if governor o'malley launches attacks along the lines you've indicated. my guess is he'll point to his experience as mayor and governor and try to form a positive vision. it's a true dilemma if he starts attacking her he alienates the vast majority of democrats and if he doesn't he remains an unknown. i think the bottom line here is martin o'malley has to hope for something unexpected to occur for him to have a real chance of winning. >> okay and thank you, senator. i want to switch over to cal. cal, i have a question for you. we know that he's touted his record of a zero tolerance policy in the city of baltimore, but now critics are saying that could have certainly led to the tensions between some of the populations within the city and the police force. do you think that it's safe for him to bring that up? >> i think it's a bad choice of a venue, elizabeth, to announce your presidential candidacy in baltimore, which is practically

a failed state or a failed city within the state. he should have gone to annapolis, the state capital, much more pretty and organized. i think it's a problem. if you say you were mayor of baltimore committed to improving things there, improving the crime rate and the rest and it hasn't been done i think that's a real problem for him. again, a lot of people successful people rich people businesspeople according to a couple of surveys have fled the state of maryland pause of higher taxes on income on corporations on cigarettes on wine and beer and then the famous rain tax, and o'malley's designated successor, one he endorsed an african-american named anthony brown lost to republican larry hogan the current governor of maryland because people were sick of the tax increases. governor o'malley says he wants to spend more. he wants to tax more. i don't think that's going to go over well. it certainly didn't in maryland a very liberal state. >> one more thing, he worked to separate himself from the

clintons this is a little bit of a shift and also mentioned the bush family. he said in an interview that the crown shouldn't be passed down. obviously a reference to the clintons and also the bush family but how can he separate himself in this race? >> well i think that's right and i would agree with that but they have a saying you mentioned crown. in britain, the monarchy they have a saying about the heir and the spare. i would say that hillary clinton is the presumed heir for the democratic nomination and martin o'malley is the spare. some people suggested he's really trying to raise his name recognition for a race in 2020. that may be true. but again i think he's a pure indiluted liberal and i think senator bayh is right. he can't go too far to the left because he'll run into bernie sanders. it's going to be interesting to see how he stakes out his position and if he is consistent with his record when hillary clinton doesn't really have a record at all, not as first lady

where her hillary care was defeated by a democratic congress and not as a senator no remarkable piece of legislation that has her name attached to it and not as secretary of state where her reset with russia failed and peace in the middle east is further away than it's ever been. >> thank you for joining us that's the all time we have for today. >> thank you. what does former governor martin o'malley have to do to be a serious competitor against hillary clinton. send us your tweets we'll read some of your thoughts later in the show. as we continue to monitor the development out of baltimore, programming note. former democratic senator jim webb will join us on "america's news headquarters" 1:00 p.m. eastern here on fox tomorrow afternoon to react to the martin o'malley announcement. and still ahead, as we await martin o'malley's announcement we'll find out more about his years in maryland with someone who has covered him for years. plus talk about packing

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we're live in baltimore, you're looking at what may be the fourth and final speaker before governor martin o'malley the former governor of maryland gets up to announce that he is running for president as a democrat. obviously when the governor takes the podium we will bring you his speech live but for some deeper insight into o'malley's background we'll turn to annie linsky former reporter for "the baltimore sun" and covered o'malley extensively. i'm interested annie, if you get a sense from covering governor o'malley is this someone who made a glib and nice governor who played the by

guitar or somebody presidential material. >> reporter: great question and one reporters have been asking for years. this is an ambition he had since he was mayor of baltimore. it's been in his head for a very long time and i think it's colored some of the decisions that he's made as governor. he's always had his eye on this. it's funny i was looking back to the first articles that mention him as a presidential candidate and they really go back to clinton saying it in his first year as mayor. covering o'malley has opinion about 2016 for a very long tile. >> annie, this is elizabeth. i want to ask you a question. one of the terms we've been hearing a lot when we talk about hillary clinton is transparency. in your opinion and your coverage how transparent was he as a mayor then governor of your state? >> reporter: you know there's a real contrast there. i mean governor o'malley and mayor o'malley would go out with reporters and have dinner you

know we would go for drinks we'd go for dinner with big groups of reporters so he was very accessible. i found him to be very accessible as a reporter and that made a big difference. we get to really understand his thinking why he was making some of the decisions he was making and off the record lengthy conversations really informed my reporting and informed the reporting of "the washington post" and many other, sorry, excuse me the many other outlets that covered him. >> that is certainly a stark difference than hillary clinton. just so our viewers understand you are watching the introduction video of martin o'malley former governor of maryland. he'll take the stage in a couple of minutes to announce he's running for president. we have annie linsky former reporter for "the baltimore sun" who covered o'malley extensively. one of the things that is a feather, if you will in martin o'malley's cap is his time as baltimore's mayor. crime rate plummeted 43%, huge

development in the inner harbor there at camden yards, those kinds of things and now all of a sudden as he's launching his presidential bid just a couple of miles from this site is the riot and huge crime wave in baltimore. i'm wondering if o'malley's people are a little bit worried about that are they changing their messaging? how are they going to deal with that issue. >> reporter: i think there's no question they have to change their messaging a little bit. the video that he uses to introduce himself is all about baltimore and about the crime in baltimore and how he came in and made some changes and i think that those riots show that those changes have not been as deep as perhaps the video shows they were. i don't think we'll be seeing much of that video anymore. >> annie we're going to now bring in governor martin o'malley of maryland as he declares is he running for president and as you noted something he has been waiting for a very long time. martin o'malley of maryland.

♪ you know you want this bad well darling, lay your head upon my chest ♪ ♪ we'll take what we can carry ♪ ♪ ♪ ♪ meet me in the land of open dreams ♪ ♪ >> my goodness. thank you all for coming out today. katie and the kids and i want to thank you for being here. we have a little announcement we'd like to share with you.

i want to talk with you today about the american dream, about the american dream we share, its powerful history, its current condition, and its urgent need of rebuilding. our nation was founded on two self-evident truths that all of us are created equal, and that we are endowed by our creator with certain rights to life to liberty, and the pursuit of happiness, and with these words, the american dream began, no fine print, no expiration date. all of us are included women and men, black people and white people native americans, irish-americans, asian-americans, latino-americans jewish christian and muslim americans, young and old, rich and poor workers and business owners gay, lesbian and transgender and

straight americans, all of us are needed. for in our idea of country there is no such thing as a spare american. there is however, a growing gap of injustice in our country today. it is the gap between the strong just nation our children need for us to be and the nation we are in danger of becoming. for today, in america, 70% of us are earning the same or less than we were 12 years ago, and this is the first time that that has happened this side of world war ii. today in america, family owned businesses and farms are struggling to compete with ever

larger concentrations of corporate power. 50 years ago the nation's largest employer was gm and the average gm employee could send his kid to college on two weeks' wages. today in america with dreams of college and a decent paying job and a secure retirement slipping beyond the reach of so very many the american dream seems for so many of us to be hanging by a thread. and yet for america, there is always a yet, and the final thread that holds us just might be the strongest. it is the thread of generosity compassion and love that brings us together as one american people.

for over 200 years, we have been the architects of our own future and now we must build anew. my father and mother tom and barbara o'malley were born to the great depression and they grew up to be part of that great generation of americans that won the second world war. my dad flew 33 missions over japan in a b-24 liberator, and went on to college only because of the g.i. bill and my mom herself flew in the civil air patrol at the age of 17. they raised their children the six of us they raised a secure middle class future because of the sacrifices and the better choices of their generation but they would never accept the

notion that somehow theirs was the greatest generation. for they believed and they taught us that every generation of americans has the ability and the sacred responsibility to make themselves great for their country. and so we must and so we will no matter the odds no matter how tough the fight, no matter how big the challenge, and that is the urgent calling for us today, to rebuild the american dream now in our time. last month, television sets around the world were filled with the anger and the rage and the flames of some of the humblest and hardest hit neighborhoods in baltimore.

for all of us who have given so much of our energies to making our city a safer, fairer and more prosperous place, that was a heartbreaking night for all of us us. for us baltimore is our country, and our country is baltimore, and there is something to be learned from that night. there is something to be offered to our country from those flames for what took place here was not only about race not only about policing in america. it was about everything it is supposed to mean to be an american. the scourge of hopelessness that happened to ignite here that evening transcends race it transcends geography. witness the record numbers of young white kids killing themselves on heroin in suburbs

and small towns across our country, the hard truth of our shared reality is this -- unemployment in many cities and many small towns across the united states of america is higher now than it was eight years ago. conditions of extreme poverty breed conditions of extreme violence. we have work to do. our economic and political system is upside down and backwards, and it is time to turn it around. understanding precedes action and we must understand that what happened to our economy, the damage done to the american dream we share did not happen by chance nor was it merely the result of global forces somehow beyond our reach.

powerful wealthy special interests here at home have used our government to create in our own country an economy that is leading a majority of our people behind an economy that has so concentrated wealth and power in the hands of the very few that it has taken opportunity out of the homes of the many. an economy where a majority of our people are unheard, unseen unneeded and left to conclude that their lives and their labors are worth less today than they were yesterday, and will be worth less still in the future. we are allowing our land of opportunity to become a land of inequality. main street struggles while wall street soars. tell me how it is tell me how it is that not a single wall street ceo was convicted of a

crime related to the 2008 economic meltdown. not a single one. tell me how it is that you can get pulled over in this country for having a broken tail light, but if you wreck the nation's economy, you're absolutely untouchable. you know and i know this is not how our economy is supposed to work. this is not how our country is supposed to work. this is not the american dream. it does not have to be this way. this generation of americans still has time to become great. we have saved our country before and we must save our country now, and we will do that

by rebuilding the dream. as i look out here today, over this original land of the free and the home of the brave, i see the faces of so very many who have helped so many people and the rife of our city and the life of our state. together we made our city a safer, healthier and better place for kids. together we made our city believe again, and we invented a better and new way of governing called city step, and we got things done. together we made our state's public schools the best in the nation. we made college more affordable for more families. let's hear it from the teachers back there.

we led our people forward through a devastating recession, and we took greater protect the land the air, and the waters of our chesapeake bay. and we passed the dream act and we passed marriage equality. together we raised the minimum wage and we maintain the highest median income of any state in the nation. we achieved top ramping ingnkings in innovation entrepreneurship and women and minority business ownership and participation. and yes, it took new leadership it took new perspectives and it took new approaches but together we believed in the american dream. we took action to make it real

and that is exactly what our nation needs to do today. you see, our economy isn't money. our economy is people all of our people. we measure success by the growing prosperity and security of our people all of our people a central middle class is not the consequence of economic growth. stronger middle class is the cause of economic growth. and together as one people we must build an american economy that works again for all of us. this means good jobs and wage policies wage policies that

allow families to earn more as they work harder and harder. and that means a higher minimum wage that means a higher minimum wage. that means overtime pay for overtime work. and that means making it easier rather than harder for workers to organize and bargain collectively for better wages. [ applause ] and if together we take these actions the american dream will live again. climate change is real. and it also happens to be the greatest business opportunity to come to our country for 100 years. so we must create an american jobs agenda for america's renewable energy future.

and we must also launch a new agenda to rebuild american cities as places of hope opportunity and justice for all. if we take these actions, the dream will live again. for the sake of our country's security our country's well being and our country's economic growth, we must also bring 11 million of our neighbors out of the shadows by passing comprehensive immigration reform. because the enduring symbol of our nation is not the barbed wire fence, it is the statue of

liberty. yes, yes, yes. we are a nation of immigrants. we are a compassionate and generous people. and if we act according to our principles and the better angels of our nature. if we return in other words to our true selves the dream will live again. make no mistake about it. our ability to lead the world, our ability to be safe in the world, depends on the strength of the american dream here at home. so together we must construct a new national security strategy and build new alliances that are forward seeing and forward acting. and the center of this new security strategy must be the

reduction of threats, fast evolving threats from violent extremism, pandemic cyberattacks nuclear proliferation, nation state failures to the drought, famine and floods of climate change. we must also craft a new foreign policy of engagement and collaboration. we must join with like-minded people all around the world. and especially right here in our own hemisphere for the cause we share of a rising global middle class. and we must put our national interest first. we must put america first. we cannot and will not rebuild the american dream here at home by catering to the voices of the privileged and the powerful. let's be honest. they were the ones who turned our economy upside down in the

first place. and they're the only ones who are benefiting from that. we need to pros scute cheats. we need to reinstate. and if a bank is too big to fail without wrecking our nation's economy, then we need to break it up before it breaks us again. true story, goldman sachs. goldman sachs is one of the biggest repeat investment banks in america. the ceo of goldman sachs let his employees know that he'd be just fine with either bush or clinton. i've got news for the bullies of

wall street. the presidency is not a crown to be passed back and forth by you between two royal families. it is a sacred trust to be earned from the american people and exercised on behalf of the people of these united states. the only way we are going to rebuild the american dream is if we retake control of our own american government. the american dream, bruce springsteen, once asked is the dream alive.

or is it something worse. whether the american dream becomes a lie or becomes an ongoing truth that our children can enjoy, that our children can live that our children can build upon is really up to you and to me. it's up to all of us. it's not about wall street. it's not about the big banks. it's not about big money trying to buy our elections. it's about us. it's about whether together we the people still have the will to become great americans. i believe that we do and my decision is made.

now you will have a vital choice to make next year. for the good of your families and for the good of the country that you love and the country that you carry in your hearts. and it is a choice that people will ask you about for years to come. and so when a child with a world of learning ahead asks you who you voted for, i want you to be able to tell that child i voted for you. when you see a dad sweating through another long shift in order to give his daughter a better future i want you to be able to tell that dad, i voted for you. when you see a mom working long hours at two jobs for the dream of being able to send her only son to college, i want you to be able to tell her i voted for

you. and when you see a young father who hungers for a decent job to support his family i want you to be able to tell him, i voted for you. for the story of our country's best days is not found in a history book because this generation of americans is about to write it. that is why today, to you and to all who can hear my voice, i declare that i am a candidate for president of the united states. and i am running for you. my god bless you and may god bless the united states of america. thank you. >> former maryland governor martin o'malley announcing for president. we wondered exactly what his speech was going to sound like

and the answer is extraordinarily progressive. i think you could say almost every turn there was a nod to one liberal constituentcy or another. >> we wanted to know if he would make a reference to former secretary of state hillary clinton is obviously is running and jeb bush. and he did. he said the presidency is not a crown to be passed back and forth by you between two royal families. >> i want to bring in our ed henry, chief white house correspondent who is there in baltimore on the ground. as we looked at the wide shot it's an awfully small crowd for the favorite son. >> certainly is a smaller crowd than we expect hillary clinton to get when she does her official announcement in june. i think elizabeth is right, that shot at the clintons and the bushes. also a broad appeal to the elizabeth warren wing of the democratic party on wall street reform. a quick point i have to make just outside camera range. there have been a large number of protesters hitting martin

o'malley calling him a liar on police brutality. those baltimore riots still very fresh on the mind. >> they are very fresh. ed henry, we'll be back to you at 1:00 p.m. eastern. bulls and bears, the cost of freedom, coming up next. hillary clinton may have another challenger. but for the economy, it's one of these three trying to make things more challenging. bernie sanders suggesting a 90% top tax rate is what america needs. is he right or wrong? hi everyone this is "bulls and bears." here they are, the bulls and bears. gary b. smith, jonas, john lakefield, along with ashley prat and jamut green. welcome, everybody. john returning to the 90% top tax rate is that a point of no return? >> absolutely. france tried what they called the supertax and the economic minister of