tv MSNBC News Live MSNBC August 5, 2011 9:00am-10:00am PDT
9:00 am
right now. there's a lot we can learn not about what is necessarily happening in this country, but also what's happening in europe and perhaps the failure there to contain some spreading financial crisis especially with spain. so the reaction from economists and analysts right now is rather mixed about the jobs report. >> this is not great news but for a market that is very tired. people here are exhausted. this is some respite from the selling. >> we need 120,000 jobs a month to keep up with population. when we're under that, we are not only not recovering, we're backsliding. >> i feel really reloved if it was a bad number in the context of what we've been seeing in the stock market and financial markets globally, it would have been a pretty ugly day. >> an ugly day, you mean like yesterday? >> this was a dark thursday for a lot of americans. the financial markets led by the
9:01 am
dow fell off a cliff. >> every stock in the nasdaq 100 closing down. >> every nasdaq nosedived 5%. worst day. >> could you have seen this coming? >> actually, yes. plenty of politicians redikted it. >> the slide of the dow today being such a large number is the market's reaction to the debt deal that didn't solve the problem of reducing the debt. >> ladies and gentlemen, there's no confidence in this economy. there is no confidence in our direction. and i'm here to say it is un-american. >> 14 million americans are out of work. 1/3 of those haven't collected a paycheck for more than a woork. >> each and every day i'm catching absolute held trying to pay my rent. trying to pay bills. the thing that scares me is i'll be on the streets. >> wall street's response to today's jobs report, stocks opened sharply higher.
9:02 am
lawmakers say we've still got a long way to go. >> we need 125,000, 200,000 jobs a month in order to begin to really grow. >> clearly the number was a slight improvement over last month. i certainly wasn't what we hoped to be. but a little bit of optimism, perhaps. >> we saw that optimism on wall street today. as i said now, sharply lower down 191 points on the day. mike, let's begin with you, any reaction now to the roller coaster ride on wall street? >> reporter: we just heard from the president, contessa. he was in southwest washington in washington's navy yard. basically he says we are going to get through this america. things are going to get better. he act senuated the positive. there was again positive job growth in the private sector. the 17th month, the president pointed out of private sector job growth. 2.5 million jobs were added in the course of the last year and a half. as he's pointed out on a lot of
9:03 am
first fridays when there is an incremental change in the downward side to the unemployment rate as there was today. the president once again act senuating the fact when he got into office, the country was hemorrhaging jobs. there were eight million jobs lost over the cost of the recession. the president said it's good news that we're adding jobs at this point. he called for a lot of policy initiatives to pass through congress the pay agreements an extension of the payroll tax cut. an infrastructure bank to ewe towards bidding highways a lot of construction jobs around the country. the fundamental problem here i'm sure mandy is expand on this is the problem is an overseas one. the united states and the stock market has sort of this contagion effect of what's going on in europe. >> in fact, mandy, we were talking about that on email today. i know france and germany are meeting today to see what more they might do to staunch the bleeding in europe. this is a global problem, not
9:04 am
just an american problem. >> absolutely, contessa. no matter how good the payroll number was, the memories of the turmoil of lehman brothers are coming back to haunt investors. we all remember how that blast all the way around the world. world stocks from europe to asia they're all on track for the biggest weekly loss since twakt. money markets are showing is same signs of stress back then as well. if you talk global the question is now how are global policymakers responding. remember this week japanese intervened to halt the yen. the european central bank is buying bonds, it stopped short of heavy purchases of spanish and italian debt that many say is needed to stem the rout. here in the u.s. there's speculation about qe 3 a third round of bond buying. i don't want to overstate the concern. one last point, we are hearing a
9:05 am
little bit of market chatter. i think this is one of the reasons why we're seeing the decline steepening that we will see an s&p downgrade of the united states before the asian open on sunday night. just market chatter at this point. it is the kind of thing that pops up on negative days like this. >> this has been threatened all along. we saw moody's and fitch say they weren't going to do it but reserve the right for the future. the debt debalkable was bad for undermining the confidence in the financial system. let me bring in neil irwin a financial and economists reporter with "the washington post." we keep hearing this phrase, double dip recession. a lot of people don't feel like we came out of the recession. is this now a double dip? >> we don't have solid evidence yet. the odds have increased a lot over the last two weeks. technically the last recession ended in june of 2009, that's two years ago.
9:06 am
as you say, it really doesn't feel like it. we've had this very slow growth pattern since then. it's really not a strong enough growth to feel much of a difference. even if we do have a double dip it's from a lore point and a point of not a good position to start from. >> by the way, when we're talking about a double dip, we're talking about a recession, a short lived recovery and back to another recession. we had better than expected jobs report today. that's a good thing. i don't want to underplay the jobs report. but we heard ezra kline say you need more job growth than that to sustain a recovery. what other concerns do you have about gdp and what other signs that might indicate our growth is slowing where economists are going to look at this and say maybe we are in recession? >> this is an example of the age of diminished expectations. people on wall street were exalting over this 117,000 payroll jobs. that's not going to cut it.
9:07 am
all that is is saying we were prepared for a worse outcome. it was better than the may and june numbers. nothing to write home about. nothing that's going to put americans back to work in large numbers. we are in this position of diminished expectations. we have a situation where all the numbers in the last few weeks have been pretty weak. we saw bad gdp numbers. we saw weak numbers on consumer spending. it would be nice to see some more bright spots and real growth not just treading water. >> good to talk to you. i appreciate your time. >> thanks. >> obviously this is one rocky roller coaster ride. my big question today are we going to see a change in the way americans invest. is our appetite for risk lessening? i'd love to hear from you, you can reach me on facebook, twitter or email me. americans are fed up with the partisan bickering in congress and it shows. 82% now disapprove of the job congress is doing.
9:08 am
that's according to a cbs news "the new york times" poll. that's the highest number since this poll began asking that question in 1977. >> there's just no putting a spin on that. it's just terrible. and i think it's because they see that there is such gridlock and that we couldn't move to solutions. >> kelly o'donnell covers capitol hill. senator hutchison such it herself when she proposed a bipartisan solution to the faa impasse and she got blocked by members of her own party. >> reporter: there are always ways that members of congress especially in is the senate where they've got a lot of power to throw up a roadblock as individual members that can make things much worse. what i find typically is that when people interact with their individual member of congress of their individual senator and they get help with an issue, then think might have a satisfactory feeling about that one member. step back, look at the hole, ask
9:09 am
the people of who have watched the debt ceiling debate and the faa shutdown debate go on, there's enormous frustration. it really depends on how you look at this, clearly members of congress in both parties know they are among the most mistrusted and misunderstood and disliked as an institution in the country right now. >> it took approaching this deadline on default to get a deal done in congress on raising the debt ceiling. faa impasse it took two weeks of furloughed employees and the construction workers being out of work before they finally came up with a deal and that one is only temporary only until people return from vacation. is that the atmosphere we're in now that it's going to take dire consequences for any kind of agreement and compromise to be reached? >> i think it's actually been going on for quite a while where the deadline is what rel propels any kind of action. however they talk about it or meet about it or come up with solutions prior to the 11th hour of the final day, it takes that final push to get people to be
9:10 am
willing to say to their own constituencies, their own parties that they tried everything possible and now they've got a make a deal. in some cases it slides over that deadline like we saw with the faa shutdown where 4,000 people were furloughed from their jobs because congress could not do what it had done many times before extend the funding for faa operations. it's a time when i think perhaps one of the issues that people have to do is when they interact with their members of congress, when they call or write and the president asked people to do during the debt ceiling debate is make that point, don't take every issue to the brink. sop of it has to do with the fact that there are few fewer moderate members in each party that are here in congress and those were always the deal makers. there are few ere of them. it takes everything it seems to the deadline. >> i think what voters are going to learn is you can't have it both ways. you can't insist there is no compromise for your member of congress and say get the deal done, get moving congress. kelly, thank you. breaking news right now from
9:11 am
florida involving casey anthony's probation. judge belvin perry was supposed to rule on whether or not the florida mom has to return to the state to meet with a probation officer for her check fraud conviction. the judge decided not to decide yet. >> there are no clear cut answers in this case. it's a mess. >> michael jones is a defense attorney joins me now. michael is there is clear cut way out of this the fact the department of correction thought she aserved her probation in jail. and the judge said no it's once she's out of jail. >> i think there is no clear way. that was the judge perry's frus ration. unfortunately for the state the department of corrections had determined that -- decided that she should serve the probation while she was in prison. that was done. she received her certificate of
9:12 am
discharge. she settled all the conditions. >> disstrickland screw up, the original judge that was handling this case, did he just mess up by not including the words upon release when he was writing her probation order? >> it's not just necessarily the judge. when an order is issued that's handled by the clerk's department. the clerk's office in the courthouse. probably what happened is that did not make it into the order. it's possible the judge didn't read the order before it was signed. >> her attorneys are arguing if they go back and force her to serve probation at this point that it's double jeopardy that she'd be serving again -- serving double time for a crime. >> that's true. there is an argument that it is double jeopardy. the fact of the matter what was discussed is the question of whether or not she was sentenced by serving the probation. so there is a legal argument that maybe it wasn't double jeopardy. >> what is served by delaying a decision in this case? >> unfortunately that's going to happen is the media is going to
9:13 am
pick up on it and there could be a snowball effect that becomes the focus of the media. -- >> wait, i have to interrupt here. that's already happened. >> that's true. it's funny this decision may come down to more political and public policy as opposed to a legal decision. at this point i would think the state of florida would prefer that they not hear casey anthony's name again and she not deal with the state any further. >> i think there are a lot of people who would prefer not to hear casey anthony's name again. >> that's true. this morning a major explosion rocked an oil refinery in memphis, tennessee. forced the sthtdown of the plant. the cause has not been explained. the fire was brought after control 30 minutes after it began. we understand that was significant damage to the female, but all the workers were accounted for. so far we're not getting any reports of injuries. so silver lining there they say everything is big in texas. well right now it's a big heat
9:14 am
9:15 am
specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. helps defends against occasional constipation, diarrhea, gas and bloating. with three strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health. you have frequent heartburn, right ? yeah, it flares up a few days a week. well, we're the two active ingredients in zegerid otc. i'm omeprazole, the leading prescription heartburn medicine. and i'm sodium bicarbonate. i protect him from stomach acid so he can get to work. look, guys, i've already tried a lot of stuff.
9:16 am
9:17 am
jurors in texas today are deciding the pulmofor warren jeffs the leader of the largest polygamist religious sect in the united states. yesterday the 55-year-old was found guilty of assaulting two underage girls he had taken as so call spiritual wives. jeffs now faces life in prison. ,the t.s.a. at the los angeles international airport is going through mandatory sensitivity training after a transgender employee was alleged she was ordered to act and dress like a
9:18 am
guy. ashlee yang was fired after co-workers saw her using the women's restroom. she was fired but she appealed. excessive heat warnings in effect across the southern united states and no relief from the punishing heat roasting the region. today markets the 35th con second tv day of triple digit heat in dallas. right now police in dallas are investigating the death of a 79-year-old woman. get this an air conditioner was stolen from her home and two days later she died of heat related causes. in galveston county a man was take on the the hospital after he was found unconscious in his mobile home. the temperature inside was more than 100 degrees. we're live in atlanta now. it's not just hot, it's dangerous. >> reporter: it is dangerous. a lot of parents rite now are doing what they can to keep their kids cool. one of the cool spots in atlanta is right here at the fountauoun
9:19 am
at centennial park. this has been the theme all summer. listen to the numbers across the country in some of the places hard heat. heat related deaths in maryland, 21 deaths in maryland. in oklahoma -- the electric grid is being taxed because so many people are inside right now seeking relief, staying cool with air-conditioning. there's a huge tax on the system right now. there's a big concern. because this is the time of year when kids are coming back to school, that means football practices are getting back into session, band practice as well. we've had two deaths, high school deaths of football players here. after those right now they changed the practice scenarios. right now a lot of schools are either practicing very early in the morning or very late at night to avoid the heat during
9:20 am
the day. >> i understand even late at night you have temperatures hovering around the 95 degree mark. it doesn't make it easy for folks who need to get in that physical exercise outdoors. thank you. coming up, a boy dreams he commits a murder with his friend and now that dream has turned into a decade long nightmare. plus, it's certainly not your typical police chase or your typical criminal. wait until you hear who's behind the wheel here. hi, i'm doing my back-to-school shopping
9:21 am
and i saw another store's ad for these crayons at a lower price. no problem -- i can match that right here. oops -- i don't have the ad. you don't need it. oh, what about a coupon for these pens? yeah. easy. what if i saw an ad for a special loyalty card price? done. can you spell "hobo" on this calculator? i can. o-eight-o-four. but upside down. nice. [ male announcer ] get low prices every day, on everything you need for back to school, like this graphing calculator, just $95. backed by our ad match guarantee. save money. live better. walmart. an accident doesn't have to slow you down. with better car replacement,
9:22 am
available only from liberty mutual insurance, if your car's totaled, we give you the money to buy a car that's one model-year newer... with 15,000 fewer miles on it. there's no other auto insurance product like it. better car replacement, available only from liberty mutual. it's a better policy that gets you a better car. call... or visit one of our local offices today, and we'll provide the coverage you need at the right price. liberty mutual auto insurance -- responsibility. what's your policy?
9:23 am
9:24 am
within the national park and doesn't pose any threat to people. as if high speed chases aren't dangerous enough, this one had a 12-year-old behind the wheel. officials say the kid and his two teenage passengers almost hit a quad car before getting away. event they throw flipped on a curb. the unlicensed driver has a rap sheet going back two years. he was wearing an ankle monitor and he admitted he had smoked marijuana, purchased with money from selling stolen goods. that's a problem. let's take you now live down to nasa. this is the juno interplanetary spacecraft set for launch here in just 30 seconds. it's heading to jupiter. it will take five years to get there. the aim is for scientists to be able to learn more about how planets are formed. they've had some problems today because there's been some boats in restricted atlantic waters and also there was a second stage problem with the atlas
9:25 am
five rocket. but now here we are getting close to the launch of the juno interplanetary spacecraft. let's listen to nasa. t minus ten, nine, eight, seven, six, five, four, three, two, one, ignition and liftoff of the atlas five with juno on a trek to jupiter. a planetary piece of the puzzle on the beginning of our solar system. >> an incredible launch. what a beautiful day to see that rocket going up. this is a $1.1 billion planetary explorer. it's on a five-year journey now to reach jupiter. the solar system's oldest and largest planet. again scientists will be looking for new evidence about how planets are formed. fighting and famine are talk taking a toll on the children in somalia. 29,000 younger than 5 dead in
9:26 am
the past three months. so what can be done to help? plus all eyes are on wall street today after the dow's biggest one-day loss since the financial crisis began three years ago. what this means for your wallet. but first on the way we begin with one of the most viewed stories on msnbc.com, so pallo brazil has a vibrant gay community. now city counselors have voted to observe a heterosexuality pride day. the sponsor said this day is meant to symbolize brazil's eroding morals. more evidence there could be life on mars. researchers say there might be salt water on the plane et, as if flowing right now. most of the evidence suggests the planet was wet and perhaps capable of supporting life in the past. maybe it's time for e.t. to
9:27 am
phone home. sean avery is trending on twitter today because he was arrested for shoving a police officer. the ranger's left winger reportedly was throwing a loud party at his hollywood home. when some party popper called the police complaining about the noise, officers showed up at his home. that's when the analyze shoving happened. bail was set at $20,000. maybe he forgot he wasn't on ice. avery is such a bad boy, the nhl named a new rule after him, avery's rule to keep players from blocking the view of the goalie. what a rebel here. emily's just starting out... and on a budget. like a ramen noodle- every-night budget. she thought allstate car insurance was out of her reach. until she heard about the value plan. dollar for dollar, nobody protects you like allstate.
9:28 am
say i'm missing england. i type in e-n-g... and he gives me a variety of options. would you like to have a look at a map, my lad? ah, why not? shall we check on the status of your knighthood? yes. again? yes, again, please! thank you. with my digital manservant, i'll never be homesick again. would you like me to put the kettle on, sir? no, i'd like you to get rid of that ostrich. it's been here a month. [ male announcer ] the new hp touchpad. get it now for $100 off, starting at $399.99. kraft singles. we're rich in calcium to help build 'em up strong. ooh, watch out, bad guys. kraft singles. the american cheese.
9:30 am
9:31 am
somewhat. we were down 200 points when we began this hour. it's looking pretty good over a half-hour ago. it's crazy to say we're looking pretty good. but considering what we saw yesterday. what we saw just 30 minutes ago, we'll take down 67. >> oh, absolutely. we've traded in like a 400-point range to have. -- so far. it's not great. there are so many people out of work. but it's better than what the market was expecting. so that provided a little bit of a floor for the market here. the jobs number, unemployment rate 9.1%. we created 117,000 jobs. 154,000 in the private sector. 24,000 manufacturing jobs but at the end of the day 16.1% of the population still is not working as much as they would like to or need to. we have a very long way to go. >> but the dow and stock markets globally really are just all
9:32 am
over the place and yesterday i think the dow jones industrial what was it the ninth worst drop in all of history. i know a lot of people are very concerned about their investments, their 401 k's taking a big hit. did you hear about the world's richest man. >> i did. >> i guess if you have a lot of money it stands to reason that you might lose a lot of money $8 billion in four days he lost. >> you know what, i think he's going to be okay. he's got a few houses. i think he's going to be able to make it back. he is the richest man many the entire world. he's richer than bill gates, warren buffett. makes them look poor. he has about $70 billion. which is a lot more than i need. i would take a fraction of that. when the market comes back, it will be right back in his pocket. >> it's so ridiculous. thank you. nice to see you. >> you, too. political experts insist the next presidential election will be a referendum on the economy. every survey, every day the dow
9:33 am
makes a nosedive becomes a political talking point. >> there's no confidence in this economy. there is no confidence in our direction. and i'm hear to say it is un-american. >> the bureaucratic socialism of the obama administration and the centralized control by bureaucrats is driving jobs out of the united states. >> we don't have a president that understands we need to have a private economy. >> karen finny is an msnbc political analyst and former dnc communications director. katey pav litsch is news director for townhall.com. a conservative leaning website. great to see you both. >> good to see you. >> the headline is gop hopefuls are piling on obama for the jobs report. it wasn't a great jobs report, but it was better than expected. katey is this just an opportunity to take a shot at the president? >> it's not necessarily a better jobs report.
9:34 am
the participation many the labor force which means that people have stopped looking for jobs is as low as it's been since 1984. it isn't a good thing for the president. it's not a good thing for the economy. when you add in other economic factors like 1.3% economic growth in the second quarter, before that it was .3%, .4% growth. it's going to be a major problem going forward. it's not just a republican talking point. it's reality. >> certainly the republican candidates are making political chat out of it. here's a mitt romney statement, when you see what this president has done to the economy in three years you know why america doesn't want to find out what he can do in eight. karen, the recession began in 2007 when bush was in the white house. >> of course, they do not necessarily when it comes to campaign rhetoric or certain blogs and web sites. here's the thing, if you look at the lack of enthusiasm that there has been thus far with the
9:35 am
exception from michele bachmann, it tells you that voters on the republican side hasn't heard anything yet that's excited them. it's one thing to attack the president and you know, whether you're a republican or democrat it's a common tactic. it's another then to put out some ideas in terms of what would you do. i think what we saw yesterday in the markets and what we heard in the polls and saw dprankly in the market last week is that people are sick and tired of the bickering and fighting and the attacking. and that is as much responsible for the lack of confidence that employers and job creators and companies have as anything. that's as contributing to this economy as anything. people need to see that we can come together and move some of these ideas forward. that's what they want to hear from presidential candidates. >> do you think there will be any consequences for the republicans who have put their heels into the sand, dug their heels in and are just -- like michele bachmann. she flat out said she was not going to vote to raise the debt ceiling. wasn't going to do it.
9:36 am
will there be any cons kwebss as we see sort of this rocky road with the economy? >> i think that people are interested in what michele bachmann has to say and drawing a line in the sand. this isn't just a republican issue. you have independents who are hitting obama on the jobs thing as well. a pew research poll came out and 39% of independents want to vote obama out of office. this is about getting the fiscal house in order, jobs, the economy as a whole and president obama embarking on another jobs tour funded by the tax payers isn't going to get the economic numbers back to what he needs by election day. >> it may not just be the republicans who want him out of office. ralph nader said in an interview that he would say that chances are about 100% that obama would face a democratic primary challenger. >> i think unless ralph nader himself is thinking of running, which maybe he is, i don't see that happening. i don't really don't. that's a talking point from the left a lot of times when people
9:37 am
are angry, we hear that. in general i don't think anybody's going to try to primary the president at this point. >> thank you. >> thank you. here's a look at some of the other stories making headlines today. libya rebels claim gadhafi's youngest son was killed in a western air strike. the libyan government denies it. msnbc has learned the army as hay announced most combat deployments will decrease to nine months in a war zone. right now it's a year. the cdc wants you to check your freerz for ground turkey. and sir paul mccartney plans to talk to police about the phone hacking scandal. his ex-wife heather mills claimed a british newspaper spied on the couple while they were married. a shocking case of murder in missouri where a man's fighting for his freedom after spending eight years behind bars for a murder he insists he did not commit. it began ten years ago when a
9:38 am
respected newspaper editor was murdered on halloween night. "dateline" keith morrison has more details. >> at tend of no more victims road in central missouri is a modern prison bristling with razor wire and inside now seven years into a 40-year sentence for murder is a young man named ryan ferguson. >> i'm 26. that's over a quarter of my life. when you think about it like that, it just -- it's disturbing and it's painful. >> back at the beginning the efforts of halloween night 2001 were for the police thoroughly baffling. it was the night ryan and his friend chuck erickson at the tender oage of 17 managed to get into a local college bar for an evening of underaged drinking. >> i like to have fun. i like to go out with my friends. >> sometimes that didn't sit so well with the parents. >> not so much. >> the thing is that same night just a few blocks away the
9:39 am
sports editor of the local paper was mrded in the newspaper parking lot. eye witnesses reported they saw two young men leaving the scene. for two years the case went unsolved. no suspects at all. and then, ryan's friend chuck started telling friends he recovered a buried memory of committing the murder. and that ryan ferguson did it with him. >> at that point, i'm like oh my goodness, this is absurd. >> at the trial prosecutors acknowledged that none of the physical evidence found at the crime scene fingerprints, hair, footprints, dna none of it matched ryan or chuck. but they did have chuck's remembered story and that was very powerful. >> i've got to go to prison for the rest of my life. i've got to tell them what that man did. >> ryan's attorneys countered that certainty with this bit of videotape from chuck's confession to police and here he says he may have dreamed it. >> it's so foggy.
9:40 am
i could just be sitting here fabricating all of it and i don't know. i don't. >> but the jury felt it did. ryan was found guilty despite the fact that then and now he's been unshakable if his claim of innocence. >> i knew that i had nothing to do with this crime whatsoever. >> that is where the real story begins courtesy largely of his parents. >> we're just busy. we're busy clearing our son. >> and bit by bit hidden evidence has turned up. eye witnesses and out of the blue, ryan's old friend chuck sent a message that guilty dream of his wasn't accurate at all. >> things happened much differently than i had previously stated. >> tonight "dateline" will air a two-hour special on the mystery on halloween night with the latest updates on this case. back for more and out of work, what the white house is doing to help the 12.4% of military veterans looking for a
9:41 am
job. plus, kmeed yan roseanne barr's big announcement about her future political career. lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we he access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ ask me. if you think even the best bed can only lie there... ask me what it's like... when my tempur-pedic moves... ...talk to someone who owns an adjustable version of the most highly recommended bed in america...
9:42 am
ask me about my tempur advanced ergo. ask me about having all the right moves. these are real tempur-advanced ergo owners! find one for yourself. check out twitter. try your friends on facebook... see what they have to say...unedited. it goes up... ask me what it's like to get a massage ---any time you want. ...it goes down... ergo...nomics... ergo...nomics... tempur-pedic brand owners are more satisfied than owners of any traditional mattress brand. (in chinese) ask me why i never want to leave my ergo. ask me why i'm glad i didn't wait 'till i was too old to enjoy this. start asking real owners. ask me how to make your first move... find out more about the tempur advanced ergo system! call the number on your screen for your free dvd and information kit. to find an authorized dealer near you, visit tempurpedic.com. tempur-pedic. the most highly recommended bed in america.
9:43 am
9:44 am
hey! don't forget me!! honey nut cheerios. make it your favorite too! obesity and high blood pressure may be partly to blame for a rise in gout cases in the u.s. over the past 20 years. boston university school of medicine looked at 6,000 adults over two decades and prevalence of gout rose slightly during that time. gout is a type of inpolicemantory arthritis and affects about 4% of americans. well, let's take a look at the dow jones industrials. we're up now 66 points. again this has been a roller coaster of a day. stocks sharply up on the jobs
9:45 am
report. then we saw them plummet down more than 200 points this hour. and now back in positive territory. we'll stay on top of it throughout the day. the president wants to give $120 million in tax credits for businesses that hire u.s. veterans returning from iraq and afghanistan. he wants the private sector to hire or train 100,000 vets by tn end of next year. the president spoke with troops at the navy yard last hour. >> our incredible servicemen and women need to know that america values them not simply for what they can do in uniform, but for what they can do when they come home. we need them to keep making america strong. our company's need skilled workers like our veterans to grow. there's no reason why we can't connect the two. >> peter is the chairman of siemens corporation and joins me from washington, d.c. you were ahead of the curve with this announcement. with your field with industry, engineering and health care, siemens announced in april it
9:46 am
would reserve 10% of open jobs for veterans. in terms of hard numbers of openings, peter, how much does this translate to? >> we have 60,000 jobs now in the united states. we're adding 3,000 back in april. that was a commitment of 300 that we were going to commit to vets. we overshot that in about three months we've committed to raise it to another 450. this is more a matter of effort than numbers. what we found is when we concentrate on looking for veterans with the right skills we found them and they make great employees. >> are some of those that you find have been have they been unemployed before and unfortunately in look for a job? >> in some cases, yes. largely just a collection of looking for the right people and being able to match the military skill of leadership and familiarity with technology with what we need which is also leadership and familiarity of technology, but it's expressed differently. >> right now there are a million
9:47 am
estimated unemployed veterans the jobless rate among vet ras is 13.3%. much higher than the national average. you would think that unemployment rate for the vets would be much lower. done don't they make great employees? >> they do. they're committed. they're determined. they know how to execute. the secret to business success is execution. these men and women know how to do it. it's really just a question for private enterprise to make the commitment to find them and match up the skills they've learned in the military with the skills that we need in the private sector. to induce that here's the government is offering returning heroes tax credit $2400 for veterans unemployed for less than six months. $4800 if they've been unemploymeunemployed for half a year or more. a wounded warriors tax credit for wounded warriors. it would be 6,000 for somebody six months or longer. why shouldn't american businesses theodore that kind of
9:48 am
inducement? >> i think it drives attention. this is a question and focus and commitment. it drives attention in the right direction. it's not going to make a big difference for us in terms of the people we choose. we're looking for a best person for the job. i think the tax krets may a role of focussing attention on things that people ought to the doing. >> i think you're setting a strong example for other companies. i appreciate so much of your time today. political side bar today, silver lining when times are tough when a crucial deal barely gets done, when the dow takes a nosedive, you've got to work to find the bright side of life, especially when flights go out at a campaign event in iowa. rick santorum had to do some quick thinking.
9:49 am
did you hear him? strangers in the night and on key. well done. former california governor arnold schwarzenegger out in politics last night for the first time since the whole mistress, love child stuff became public. he was accepting an award for his support of business. and here's how he made light of the whole situation. >> i just wanted to know that this is also a fundraiser. because i'm going to run in 2012. i'm going to run for president of the national body building association. a smattering of applause. he's not the only one who made a big announcement about 2012. >> my announcement is that i am running for president of the united states. >> wow. >> oh, great. so what does roseanne stand for? medical marijuana, and nuts.
9:50 am
she says they're the cure to global warming and world hunger. by the way, she has a reality show focussing on her macdame ya farm in hawaii which might be why she wants to push the nut agenda. we'll be right back. this designer copyrighted her first cartoon character when she was just 12. 20 years later she did the same with hand painted glasses. her collection took off. so she licensed the brand for everything from pajamas to jewelry to towels. for more watch "your business" sunday mornings at 7:30 on msnbc. [ man ] i got pois.
9:51 am
9:52 am
9:53 am
the vice president's wife will lead a fact finding mission to east africa this weekend to see what more can be done to help the victims of the famine that is devastating the region. is situation has grown so dire the u.s. estimates drought and famine in somalia have killed more than 29,000 children younger than the age of 5 in the last three months alone. nbc's chief foreign correspondent richard engel is live now. what kind of images, what kind of stories are you hearing there on the ground? >> reporter: we were at the only children's hospital today. they now have an outbreak of cholera. the disease is spreading. the disease is spreading to the
9:54 am
camps that are hoping internally displaced people in this city. as we drove around the city it is clearly a war zone here. we saw thousands of people who are still flooding into this city every single day. we saw people carriling some of their farm tools, shovels, holding their children in their own hands. when we were at the hospital a woman died she was wrapped up many the clothing that she had worn in order to come to the city. real images of horror and tragedy and what we hear time and time again is that this is not just a famine. this is not just a natural disaster this is a manmade tragedy. because of the war, because of alsha baab an al qaeda linked militant group that controls about half of the city and half of the country. in particular the famine zones because of their unwillingness to let in aid because of 20 years without a government in this country that is why combined with obviously the drought so many people are
9:55 am
dying. >> and richard, the secretary of state hillary clinton is demanding that alshabaab allow the aid in. is there any indication they're going to loosen the restrictions? >> reporter: no real indication. there is a big danger with giving them a lot of aid. aid means money to these rebels. aid to these militants. they are linked to al qaeda. aid also means power. we have been told by african peacekeepers and we are staying now on a base with some of the 9,000 peacekeepers from uganda and but randy. when the group is given aid, they use it to pressure the people. they use it and dmnd in exchange for food that starving families will give up their sons, new recruits for their militant movement or will give up any animal that may have survived the drought. just giving them aid and access to aid might not necessarily be the problem. might not be a solution. groups that are on the ground
9:56 am
here are trying to control the delivery of aid and go around the terror group. it is a very difficult thing to do here. >> richard, thank you so much for the reporting. appreciate that. and appreciate that you've watched this hour. i'm contessa brewer. i hope you have a great weekend. i'll be back here noon on monday. up next "andrea mitchell reports." thanks so much. have a great weekend. up next here on "andrea mitchell reports," after disastrous day on wall street stocks are once again turning lower. we'll break down the latest. place the labor second stair is joinings unand john kerry reacting to the jobs numbers. and we reveal who had the worst week in washington. a lot of candidates there. "andrea mitchell reports" up next on msnbc. i'm sending directions to your car. [ recorded voice #2 ] turn right on hill street. go north for two miles. ♪ [ man ] this is onstar. i got a signal there's been a crash.
9:57 am
do you need help? yes, please. i've got your gps location. i'm sending help. [ female announcer ] introducing onstar fmv. get it installed on your car at best buy or visit onstar.com for more stores. host: could switching to geico reon car insurance? or more host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes could save you 15% or more on car insurance.
9:59 am
181 Views
IN COLLECTIONS
MSNBC West Television Archive Television Archive News Search ServiceUploaded by TV Archive on