♪ this is a cbs news special report. i'm charlie rose in new york along with gayle king and jeff glor. we have expect president obama to speak at the white house momentarily. he will deliver a statement on the historic nuclear agreement reached in the morning with iran. diplomats meeting in vienna austria, announced the deal about two hours ago. >> this agreement is designed to stop iran from make ago -- making a nuclear weapon we for tes at least ten years and other nations will lift sanction on iran and those sanctions will return if iran breaks the agreement.

>> bill plante is at the white house this morning as we await for the president to special' nancy cordes is get reaction on capitol hill but first to margaret brennan in vienna who is covering the final round of negotiations. margaret good morning. >> reporter: good morning. this deal was reached around 3:00 a.m. vienna time in private meetings between secretary of state john kerry and iran's top diplomats sharif. u.s. officials tell us iran has explicitly agreed nod to try to build a nuclear weapon war head. they will be on the ground to look into some of those facilities and they won't get automatic access to military installations but u.s. officials say they can get into suspicious ones. in exchange for all of this iran will get access to about $100 billion of its frozen assets and eventually will be able to sell oil into the international markets and open up its economy that has been so

choked off the rest of the world from greece in years. of course none of this happens automatically. it will happen step-by-step as iran follows through what it has pledged to do here in vienna this morning. >> we go to bill plante who is at the white house. >> reporter: good morning. the sales job the president has been doing on this will only intensify. because he now has to sell it to congress. which has 60 days to approve or disapprove this agreement and a lot of skeptics there because they believe iran will cheat and don't believe iran can rely on to do what is says it will do in this. u.s. argues that inspectors will have full access to iran's nuclear program and its military operation which has to be monitored. >> there is the president coming up now. we will hear what he has to say

about this historic deal. >> today after two years of negotiations the united states together with our international partners have achieved something that decades of animosity has not. a comprehensive long-term deal with iran that will prevent it from obtaining a nuclear weapon. this deal demonstrates that american diplomacy can bring about real and meaningful change change that makes our country and the world safer and more secure. this deal is also in line with a tradition of american leadership. it's now more than 50 years since president kennedy stood before the american people and said let us never negotiate out of fear but let us never fear to negotiate. he was speaking then about the need for discussions between the united states and the soviet union which led to efforts to restrict the spread of nuclear weapons. in those days the risk was a catastrophic nuclear war between two superpawowers. in our time the risk is that

nuclear weapons will spread to more and more countries, particularly in the middle east. the most volatile region in our world. today, because america negotiated from a position of strength and principle, we have stopped the spread of nuclear weapons in this region. because of this deal the international community will be able to verify that the islamic republic of iran will not develop a nuclear weapon. this deal meets every single one of the bottom lines that we established when we achieved a framework earlier this spring. every pathway to a nuclear weapon is cut off, and the inspection and transparency regime necessary to verify that objective will be put in place. because of this deal iran will not produce the highly enriched uranium and plutonium that form the raw materials necessary for a nuclear bomb.

because of this deal, iran will remove two-thirds of its installed centrifuges. the machines necessary to produce highly enriched uranium for a bomb and store them under constant international supervision. iran will not use its advanced centrifuges to produce enriched uranium no for the next decade and iran will get hid of 98% of its stockpile of enriched uranium. to put that in perspective, iran has a stockpile currently that could produce up to ten nuclear weapons. because of this deal that stockpile will be roofededuced to a fraction what is to produce a single weapon. this stockpile will last 15 years. because of this deal iran will modify the core of its reactor in iraq so that will not produce weapons grade plutonium and it has agreed to shift the spent fuel from the reactor out of the country for the lifetime of the reactor. for at least the next 15 years

iran will not build any new heavy water reactors. because of this deal we will for the first time be in a position to verify all of these commitments. that means this deal is not built on trust. it is built on verification. inspectors will have 24/7 access to iran's key nuclear facilities. iran will have access to iran's entire nuclear supply chain, its uranium mines and mills, its conversion facilities, and its centrifuge manufacturing and storage facilities. this ensures that iran will not be able to divert materials from known facilities to covert ones. some of these transparency measures will be in place for 25 years. because of this deal inspectors will also be able to access any suspicious location. put simply the organization responsible for the inspections, the iaea will have access, where necessary, when necessary.

that arrangement is permanent. @and the iaea will get access it needs to complete the process of military dimensions in iran's past nuclear research. finally, iran is permanently prohibited from pursuing a nuclear weapon under the nuclear nonlive radiation treaty and provided the bays for the national efforts to apply pressure on iran. as iran takes steps to implement this deal it will receive relief from the sanctions that we put in place because of iran's nuclear program. both america's own sanctions, and sanctions imposed by the united nations security council. this relief will be phased in. iran must complete key nuclear steps before it begins to receive new sanctions relief. and over the course of the next decade iran must abide by the deal before additional sanctions are lifted.

including five years for restrictions related to arms and eight years for restrictions related to ballistic missiles. all of this will be memorialized and endorsed in a new united nations security council resolution. and if iran violates the deal all of these sanctions will snap back into place. so there is a very clear incentive for iran to follow through and there are very real consequences for a violation. that's the deal. it has the full backing of the international community. congress will now have an opportunity to review the details and my administration stands ready to provide stensive briefings on how this will move forward. as the american people and congress review the deal it will be important to consider the alternative. consider what happens in a world without this deal. without this deal there is no scenario where the world joins us in sanctioning iran until it

completely dismantles its nuclear program. nothing we know about the iranian government suggests that it would capitulate under that effort and the world would not permanently put them in its place. we put sanctions in place to debt a diplomatic solution and what we have done. without this deal no agreed limitations for the iran nuclear program. iran could produce and operate and test more entracentrifuges and produce a plutonium for a bomb and we would not have the detections to allow us to monitor that program. no lasting restraints on iran's nuclear program. such a scenario would make it more likely that other countries in the region would feel compelled to pursue their own nuclear programs threatening a nuclear arms race in the most volatile region of the world.

it would also present the united states with fewer and less effective options to prevent iran from obtaining a nuclear weapon. i have been president and commander in chief for over six years now. time and again, i have faced decisions about whether or not to use military force. the gravest decision that any president has to make. many times, in multiple countries, i have decided to use force and i will never hesitate to do so when it it is in our national security interest. i strongly believe that our national security interest now depends upon preventing iran from obtaining a nuclear weapon which means that without a diplomatic resolution either i or a future u.s. president would face a decision about whether or not to allow iran to obtain a nuclear weapon or whether to use our military to stop it. put simply no deal means a

greater chance of more war in the middle east. moreover we give nothing up by testing whether or not this problem can be solved peacefully. if in the worst case scenario iran violates the deal the same options that are available to me today will be available to any u.s. president in the future. and i have no doubt that 10 or 15 years from now the person who holds this office will be in a far stronger position with iran further away from a weapon and with the inspections and transparency that allow us to monitor the iranian program. for this reason i believe it would be irresponsible to walk away from this deal. but on such a tough issue, it is important that the american people and the representatives in congress get a full opportunity to review the deal. after all, the details matter. and we have had some finest

nuclear scientists in the world working through those details. and we are dealing with a country, iran that has been a sworn adversary of the united states for over 35 years. so i welcome a robust debate in congress on this issue and i welcome scrutiny of the details of this agreement. but i will remind congress that you don't make deals like this with your friends. we negotiated arms control agreement with the soviet union and they made us safer and i'm confident this will meet the national security interest of the united states and our allies. so i will veto any legislation that prevents the successful implementation of this deal. we do not have to accept an inevitable spiral into conflict. and we certainly shouldn't seek it. and precisely because the stakes are so high this is not the

time for politics or posturing. tough talk from washington does not solve problems. hard-nosed diplomacy, leadership that has united the world's major powers offers a more effective way to verify that iran is not pursuing a nuclear weapon. now, that doesn't mean that this deal will resolve all of our differences with iran. we share the concerns expressed by many of our friends in the middle east including israeli and the gulf states about iran's support for terrorism and its use of profits to destabilize the reason but that is precisely because we are taking this step because iran armed with a nuclear weapon would be far more destabilizing and far more to our friends in the world. meanwhile, we will maintain our owner sanctions for terrorism and its ballistic program and its human rights violations. we will continue our

unprecedented efforts to strengthen israeli's security efforts that go beyond what any american administration has done before. and we will continue the work we began at camp david, to elevate our partnership with the gulf states to strengthen their capabilities to counter threats from iran or terrorist groups like isil. however, i believe that we must continue to test whether or not this region which is known so much suffering, so much bloodshed, can move in a different direction. time and again, i have made clear to the iranian people that we will always be open to engagement on the basis of mutual interests, and mutual respect. our differences are real. and the difficult history between our nations cannot be ignored. but it is possible to change. the path of violence and rigid ideology and to attack your

neighbors or eradicate israeli is a dead-end and one of tolerance and peaceful resolution of conflict leads to more integration into the global economy more engagement with the international community. and the ability of the iranian people to prosper and thrive. this deal offers an opportunity to move in a new direction. we should seize it. we have come a long way to reach this point. decades of an iranian nuclear program, many years of sanctions and many years of intense negotiation. today, i want to thank the members of congress from both parties who helped us put in place the sanctions that have proven so effective, as well as the other countries who joined us in that effort. i want to thank our negotiating partners the united kingdom, france germany, russia china, as well as the european union, for our unity in this effort which showed that the world can

do remarkable things when we share a vision of peacefully addressing conflicts. we showed what we can do when we do not split apart. foinel finally, i want to thank the negotiating team we had people working on this including our secretary of energy ernie monice and john kerry, our secretary of state, i want to thank who began his service to this country more than four decades ago when he put on our uniform and went off to war. he is now making this country safer through his commitment to strong principles of american diplomacy. history shows that america must lead not just with our might but our principles. it shows we are stronger not when we are alone but when we bring the world together. today's announcement marks one more chapter in this pursuit of a safer and more helpful, more

hopeful world. thank you. god bless you. and god bless the united states of america. >> president obama at the white house with the vice president standing beside him, announcing this historic agreement. he talked about, number one, the elimination or the throwing down of their nuclear capacity. he talks about the verification. he talks about the fact that the alternative would be unacceptable and that he will use force in the end, if all else fails. we go now to nancy cordes at capitol hill. >> reporter: good morning. well it is going to be an uphill sales job for this president because republican leaders have openly been saying that they hope that these negotiations fail. one gop lawmaker said just this morning, that the agreement lights a fuse for a nuclear arms race. many democrats have concerns as well and, simply put, opponents fear that a wealthier iran after the sanctions are lifted will become a stronger more

dangerous iran despite some of the new restrictions on its nuclear program. a few months ago, congress voted to give itself the power to review this deal and then vote to approve it or disapprove it. so now lawmakers will have 60 days to take a look at what is in this deal and to question secretary kerry and other negotiators and the president and other administration officials will have those 60 days to try to convince them this is the right thing to do. >> our coverage will continue throughout the day on our 24-hour digital network. for those of you in the east "cbs this morning" will begin in a moment. we will have complete wrap-up tonight on the "cbs evening news" with scott pelley. this has been a cbs special report. i'm charlie rose with gayle king and jeff glornews new york. >> for news 24 hours a day, go to cbsnews.com. and has 12g of protein and 0 fat.

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here's a look at the here's a look at today's forecast in some cities around the country. a great white shark needed a a great white shark needed a helping hand after getting beached in massachusetts. the juvenile 7 1/2 foot shark

apparently chased a seagull to shore. beachgoers kept it wet until experts dragged the shark back into the water. they tagged it and will monitor the shark's progress here's another look at this morning's top stories. iran reached a landmark deal with six western powers to curb its nuclear program. the deal follows more than a decade of negotiations. u.n. weapons sanctions will remain in place for five years. but economic sanctions will be lifted in return for iran cutting back on its nuclear program. at least one person was killed and 11 are missing following flash flooding in eastern kentucky. the water moved so fast it swept a house off its foundation. more wet weather is expect today. an autopsy finds no evidence b.b. king was poisoned before he died in may. tests by the las vegas coroner show the cause of death was alzheimer's disease. two of the blues legends adult children claimed he had been

murdered. they believe king's business manager and personal assistant sped up his death at 89. 50 cent says he doesn't have a dime to his name this morning. the rapper and actor whose real name is curtis jackson iii filed for personal abruption protection. it comes days after he was to pay $5 million in a lawsuit. he owns a 50,000 square foot mansion. this morning fans of author harper lee are delving into her new being. lee's much anticipated novel "go set a watchman". some participate indeed 12 hours read-a-thons at the local barnes & noble. coming up a look at the origins of "go set a watchman".

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h win. there it is! the hometown hero! >> todd frazier bringing you new meaning to the word homer. the cincinnati reds thrilled fans at the home run derby. he won the derby. he's just the second player to ever take that title on his home field. and the wind tour continues for carli lloyd. she made an appearance on cbs late "late show".

she described her famous hat trick in the final game against japan. >> talk me through the hat trick. it was like 16 minutes. when you scored two are you like, well, i can shoot from anywhere now. >> yeah. the first three minutes got the first one in. a couple minutes later, the next one then the mid field shot came. at that point i cheered and was laughing because i never attempted a mid field shot before. >> really? you have never shot that far in a game? >> no. >> lloyd showed off her accuracy when she nails the bullseye on a dunk tank sinking james gordon. >> and at the renaissance festival over the weekend, a man crashed the skwroufting performance and allegedly tried to steal a sword. as mark taylor reports a fair maiden made sure the suspect did not go far. >> they are expensive because they last forever.

>> brian beard plays the good knight of the skwrouft defeating the defeating bad knight. saturday at the fair, good won out in an unscheduled performance of a would-be thief and knight's sword. >> we all like to tell stories around the campfire. i have never heard of this happening. >> they had their backs to the arena. but one person saw it happen. a damsel beard's wife. >> if i don't chase this guy with my husband's $400 sword, then he's going to get away with it. >> i grabbed his shirt and pulled it and it ripped in two. >> standing at 5 feet tall she tackled the would be thief. >> a photographer at the scene took the photos. he was identified by police as 22-year-old connor ward. he is facing theft and assault charges. police believe he may have been

intoxicated. >> a knight is a nobleman. we have the right to dispense justice. >> but in this case twas not the night but the justice. >> they are not gender specific. >> coming up after your local news on "cbs this morning" the latest on the nuclear deal with iran. margaret brennan is in vienna and carly fiorina joins us in studio. i'm ann marie green. have a great day.

happy tuesday, everyone. the golden gate bridge is up and running. of course, the presidio parkway

in day two and everything was fine. all good. good morning. it's tuesday, july 14. i'm frank mallicoat. >> i'm maria medina. it's 4:30. we'll have traffic and weather in just a moment. but we start with roberta. i saw some sprinkles or was it just condensation on my windshield this morning? >> good job, condensation. yeah, big word at 4:30 in the morning! good morning, everyone. we have condensation all associated with that very deep marine layer that's hovering around sfo now. currently it's so mild out the door again. 56 in santa rosa. 59 san francisco. later today, if you liked it yesterday, going to love it today. just a little bit cooler. details coming up. but first let's say good morning. liza. welcome back. >> thank you so much. good morning, everybody. we are going to talk about the bay bridge toll plaza. everything is as it should be. very light traffic leaving oakland heading into the city and the chp says there are no big accidents on the roads so a nice start to the tuesday drive. guys? >> that's good news. thank you. and ju