here we go again. markets plunge then dramatically go back up again. what's behind the wild sings in the dow that's giving us all whiplash? and a vote of no confidence. americans doom and gloom over leadership in washington is spreading with congress's approval at its lowest point since perhaps the civil war. captured in colorado, what's next for three sibling -- and starbucks on me? one man's national social experience has caught on like wildfire. good day to you, nice to see you, i'm veronica de la cruz in for thomas roberts. from wall street to main street investors are anxiously watching the markets.

it's been a wild ride over the past couple of days. wednesday was the ninth worst single day drop in the history of the dow. the index has lost nearly 16% in the last 14 trading days. losses are slowing after the report that unemployment has been fallen to its lowest. the dow is now up 258 points, the s&p is up 30 and the nasdaq is up about 61. michelle one day we're up, the next day we're down, what is going on with these wild springs? >> 15 minutes, we're up 15 minutes. it was sharply down this morning. even though we think so much -- right now, the world's focus is on europe and whether or not they're going to be able to get their act together and figure out something when it comes to

the financial crisis that they're facing over there. there are a lot of governments over there that have made too many promises to their people and they don't have enough tax revenues to pay for those promises. we have gotten a lot of data in the last week that shows their economies aren't growing that much at all. the u.s. is slowing down as well. where are they going to get the money to pay their debts? we have seen the market move sharply higher here because nicolas sarkozy, the leader of france and angela merkel the leader of germany are going to meet to discuss issues. they have already discussed a supert.a.r.p., but the problem is they need 17 different countries to approve it and that's not going to happen until tend of september, maybe. in the meantime, the financial markets move a lot faster than government. so veronica, you can imagine, what we went through for our debt ceiling debate. 17 countries have to do an

approval process as well. so there's going to be a lot of volatility over the next few weeks until we figure out exactly what europe wants to do with their debt problems. michelle caruso-cabrera, thank you. many people are looking to washington for solutions but apparently not many of us have much confidence in what d.c. could actually do. according to a brand-new "washington post" poll, nearly eight in ten of us are dissatisfied with the way the political system in washington is working. who's to blame for all of this, the answer is everyone. wendy schiler is an professor of political science at brown university. hello, wendy, thank you so much for joining us. >> my pleasure. >> clearly there's a lack of confidence in this country n wall street and it's ability to stabilize and also wanting washington to come up with a solution in dealing with this crisis. how do we as a nation get past

all of this? >> we need leadership and we need leadership from both the president and the leaders of congress. people are calling on the president to bring back the congress early, because a lot of americans don't have the luxury of taking a vacation. they need to start working on a solution now. the committee they have appointed is a good start. you can't have 500 people decide this problem all at once, you need an agenda, you need some sort of program. so if the president doesn't want to call the congress back, he should call reid back, boehner and majority leader. there's a lot of things the government could try to do to make people have more confidence that the structure in washington actually could work if they put their minds to it and set aside this incredibly stark partisan

differences. >> these -- >> i think actually it's a surprisingly good pick. i mean i think people are cynical about it, but the reason i think it's a good pick is that you have committee chairs from the ways and means committee. you need some expertise in that room. you have people who want to be elder statesman. you have john kerry, you have rob portman, a guy who's used to crunching numbers on the kp executive branch side. you've got pat toomey on one side and matyi marie on the other. you have got people who are serious, who want to walk away from this deal with some package that the house can take, the senate can take, the president can sign and might do something. these are people who are vested, who have an interest in success that's why it's a surprisingly good slate of choices. could have gone in any direction and i'm actually impressed with

the leadership choices, and i'm impressed with the media and pundits and everybody else. >> so a glimmer of hope if you will. let's go ahead and take a look at this headlines from cnbc.com. it reads investors battle fear, fear and fear. wendy with headlines like this, is this the best time for the president to go on vacation? because i understand he's slated to go to marsha's vineyard, does that send the right message to the country? >> well, i don't think it is. i think that he should stay in washington. but you could argue that he doesn't want to look panicked. he doesn't want to cancel everything and say we're in such a big crisis. because that could have an even worse effects. if he doesn't go on vacation, does that mean the united states is falling apart as bad as people think? it's a double-edged sword to decide to cancel at the last minute. i think he could modify it, he could go away for a couple of days, cut it short and that would reasir people that he's not panicking. and that's the key thing, he

needs some leadership from other parts of washington. i haven't seen john boehner on television all week. where is eric cantor, what are those guys? you can see the american public has issued in poll after poll after poll. they are disappointed not just in the president, but in every branch of the federal government and we have seen it in history before. 100 years ago, people were so disappointed they changed the constitution. so the idea that the american people are not paying attention or don't want change is misguided. people have to understand that, and people in washington have to read those signals and i don't think anybody's reading the tea leaves politically for what people want in terms of response of government, anybody. >> and you know, there's no question americans want jobs, how do we get the nation back to work? what is your take? >> i still think infrastructure is the gift that keeps on giving and i'm not talking about just a widespread stimulus pakistan that has big mandates to the state, just spend the money, put people back to work.

i'm talking about dedicated repair, new infrastructure, new trains, roads, states and municipalities try to find the money to put people welcome back to work. anybody who's old enough to walk down a street and a sidewalk and see a bronze plaque on the sidewalk from the wpa, something that fdr did in the 1930s, it's still there. it's a win for both parties, it's a win for the american people, it's an immediate things that can be done and it's an immediate thing that has to be done. and even people like michele bachmann running for president, complaining about spending, she's been asking for a $300 million bridge in minnesota. it's not that people don't recognize that infrastructure is kmus crucial to continuing productivity. >> how do you feel obama is handling this crisis, when you look at years past and other

presidents? >> i think that this crisis is unprecedented in a way that the debt, particularly the debt has built up a percentage of our gdp, i think he's inherited, he laz has inherited a bad situation. but you can't make someone into something they're not. this guy is not a cheerleader, he's cerebral, he's intellect l intellectual. what he's got to worry about that the president is a leadership -- he's trying, he's thinking about it, he's working on it and that will restore some confidence to the american people. >> wendy, you have been absolutely fascinating to speak with, thanks so much. after eight gun toting days on the lam, the so-called dougherty began gang is behind bars and due to appear in court at 1:00 p.m. eastern.

the fbi says the sister and two brothers were armed to the teeth. >> this gang was very willing to engage law enforcement in a firefight. at the end of the day, these y guys are, all three of these people are in jail and that's where the public is the safest. >> they are in a jail in the town of pueblo. what sort of criminal charges are these three facing? >> lee, grace, dylan and ryan all face four counts of assault on a peace officer, those are the preliminary charges they'll face in court in about two hours. it most likely will be a very long laundry list of charges, those charges will be filed here in colorado because that's where they were arrested. but there's two other states, florida and georgia that are waiting to extradite the three, also known ooas the dougherty gang. so the legal process has just begun.

they'll face a preliminary, just a check in hearing where they won't have to enter a plea, a judge will ask them if they know the charges against them and will probably ask if they want a court appointed lawyer in which case that will begin their legal proceedings and at some point, the other states, florida where they're accused of shooting a police officer more than 20 times during a high-speed pursuit and in georgia where they're accused of robbing a bank, those charges will be filed down the road and they'll face some federal charges for that bank robbery. >> miguel, thank you. let's go ahead and take another quick look at the markets which are way up today on the heels of an unemployment report that investors see as a small sign the economy isn't headed into another recession. the dow right now up 276 points. the republican presidential candidates out in full campaign mode as their first major test of the 2012 race begins. the next 72 hours in iowa could radically change the shape of things. at java joan's in des moines t

hawkeye state being the pulse of the political universe at least for now. ry ! 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.

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what's your story? citi can help you write it. sarah palin's one nation bus tour fueling up again. this time making the trek to ames, iowa where just two days from now candidate also make their case to anyone who will listen as part of the iowa straw poll. we'll hear from mitt romney who won the ames straw poll in the '08 cycle. mike glover, political writer for the associated press joins us. hello. how important is the iowa straw

poll, it is taken very seriously about the republican establishment, but how much weight does it actually bear? >> it's an important thing in part because we have a very large field with a number of candidates who a lot of people don't think are going to make it through. the straw poll and the caucuses themselves actually serve as a winnowing thing. there are people whose candidacy will be very hard to see. >> mark once again t focus is on the two people not running for president, at least not yet, texas governor rick perry, also sarah palin. governor rick perry is going to be in south carolina on saturday then he comes to iowa on sunday. how much of a shadow is he casting over the field right now? >> he's casting a really big shadow and he's going to be in new hampshire and south carolina on saturday, in iowa on sunday. all indications are that he's going to be running for

president and he will be a major force and in fact, in tonight's debate, it will be interesting to see if other candidates try and take some shots at him. we have already heard from people like tim pawlenty, mitt romney, they are already making some digs showing the presence that rick perry is going to have in this contest. >> sarah palin is heading to iowa, what about her? is she a distraction? does it mean that other voters haven't really settled on romney is he a fragile candidate? what do you make of that. >> i would describe romney as a fragile front-runner. he's ahead in all polls so far, but those are name identification polls, he ran last time, he's been around, so people know who he is, so he's high in the polls mainly based on his name identification. he's fragile because he doesn't have a base. when george w. bush was thinking about running, what happened was

the republican establishment early on decided they want george w. bush to be their candidate. and he eventually emerged as their candidate, their nominee and their president. i don't think the republican establishment has settled on a candidate yet. i think rick perry has the potential of being that republican establishment candidate where they could settle on someone and say, this is the person we think has the best chance of beating barack obama. >> we'll see how that unfolds. >> many voters are undecided right now. what should we look for tonight in the debate? >> i'm looking to see tim pawlenty, has so much at stake, probably no one has more to win or lose than him. he's been talking about the talk on the campaign trail. but in the debate, can he end up walking the walk. also john huntsman, and mitt romney, no one laid a glove on him in the last debate. we'll see if that holds true again this time when the stakes are a little bit higher. >> what are you looking for,

mike? >> i'm looking to see how many people take shots admit romney, he is as of right now the front-runner in the republican field, other people have not taken shots a at him, they have not tried to knock him down. at some point these candidates are going to have to distinguish themselves from each other. they're going to have to say, this is the reason he should vote for me and not this other person. because when you look at the candidates on a ideological scale, they're close, there's not a huge difference between these candidates. so at the end they're going to have to say this is why you need to pick me and not this person. and tonight you'll see that process begin. >> thank you both for stopping by. and you can catch all of the excitement in iowa this saturday starting at 7:00 a.m. eastern, msnbc will be live all day covering the ames straw poll with chuck todd and "andrea mitchell reports." one woman's plea to save her business and she did it by diagnose for help from her community and standing up to her

bank. plus a vicious chimp attack left charla nash battered and disfigured. now a surgery gives this woman a new face. and the dow jones at or below record lows.

welcome back. i'm veronica de la cruz. here's what's topping the news now. the dow industrials are up 233 points thanks to some encouraging news on the economy. after falling 520 points yesterday. the ninth largest point drop in history. charla nash publicly showing herself after undergoing a full face transplant back in june and the results are remarkable. for the first time since a chimpanzee attacked her two years ago, she's eating and smelling again. police in london are

carrying out raids today looking for people involved in four days of violence in the city. london was mostly calm overnight but tensions remain high. in a special session of parliament today an angry david kcam ron issued a warning. >> i say this, we will track you down, we will find you, we will charge you, we will punish you, you will pay for what you have done. well avenpple is already a dominant technology company, but now the giant is even bigger. apple has officially become the world's most valuable company, eclipsing exxonmobil. apple's rise to this spot looked impossible only a few years ago, all but written off and heading into oblivion before steve jobs returned about 15 years ago.

call it a grass roots battle against a very big bank. a washington woman at risk of losesing everything hoped the financial giant would back off on attempts to take her home and business. vera johnson collected 10,000 signatures as part of the effort and she joins me now from seattle. hello, very a. >> i understand you turned in the signatures to the bank just on tuesday, what was their reaction? what did they say? >> i think they were actually kind of visibly shaken by it. i did not actually meet with the same person this time. they did tell me last week that i would have one point of contact. but i think they were visibly shaken. there was a cam remarks i did try to take a picture of that exchange but they asked us to turn the camera off. >> and give us some sense of what your situation is, because i understand all of this really couldn't come at a worst time for you. >> well, i started trying to get a loan modification 18 months

ago, ten months before i was even at all behind on my mortgage. i foresaw problems in the future, i was going through a divorce, my income level was dropping. i want to keep my house and my business. so i started contacting the bank and trying to work with them to do a loan modification and i went through march 3rd of last year is when i first called bank of america and tried to, you know, preventatively avoid foreclosure. so i turned in all the paper work, again and again and again, i have folders and folders full of repeatedly submitted documents. so when it got to the actual divorce time, and my income level dropped, i had been turned down for my loan modification from bank of america. and so i -- i stagot behind and

started sending them payments through certified mail. >> i'm curious, a peatition, 10,000 of them, why did you decide to go down this route? >> because my house and my job are at stake. they told me at one point that i needed to be so far behind on my payments they locked my account so they wouldn't fake any payments from me. i was contacted by a loan modification person who explained that to me. so itches reading on change.org which is where my petition is listed, i'm on the front page of that, i was reading about another guy, tim collette whose house is being foreclosed on by chase bank and i started my own petition and i reach eed 10,000 signatures in three weeks. >> we do wish you the very best,

vera. >> i really would like to -- this business has been in the community for 32 years, i have been there for eight years. i host local music, i host local artists i have classes and events, i believe in what i'm doing. i'm giving back to my community. i want to stay there. i want to stay there. >> keep in touch and let us know how it all goes. we appreciate it. just before a big prayer meeting this past week, rick perry had this to say about president obama. >> i pray for the president every day. i pray for his wisdom, i pray that god will open his eyes. >> rick perry, michele bachmann and the role religion has during this political season. melissa harris perry sounds off next. you name it.

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you're looking at the iowa state fair in des moines, iowa. we are waiting for mitt romney

to address the crowd. he's also taking part in tonight's debate with the other candidates. when he takes to the stand, we're going to go ahead and take some of his comments live for you. the dell ceiling crisis and recent downgrade of america's credit happen has been a serious debate nationwide. but in iowa, the only state where the entire delegation voted against the debt ceiling hike, that discussion is especially relevant as gop hopefuls plead their case to angry voter this weekend. al alex, what's the reception been like amongst iowa voters at these events? >> he's had a very warm reception here, they're excited about this weekend t iowa state fair kicked off earlier today, as you mentioned, mitt romney, we should hear him any moment. other candidates will be

speaking tomorrow at the state fair and then this weekend really, they're excited by the straw poll. it's therai-raiser for the iowa gop and a lot of activists are really looking forward, there's no way to know who's going to win the straw poll, how it's going to play out. we get a look this week at governor perry and mitt romney will be stopping by the state and that's had mixed reactions by the activists and gop leaders because like i said, it's one of the biggest fundrai-raiser for year. a lot of iowans are excited looking forward to the fair and the straw poll on saturday. >> we appreciate it. thank you. religion is suddenly front and center in the gop presidential battle with two candidates in particular. governor rick perry of texas an.

both conservatives republicans. what influence could this have on the outcome of the race. hello, melissa. we know perry on saturday hosted his day of prayer, this week we saw bachmann attending a church with a pastor who slammed gays. why is religion featuring so prominently right now? what happened to jobs? what happened to that discussion? >> it's interesting, religion has been really for more than a decade now it's been central in our conversations about the american presidency and american presidential elections. and it was really in many ways george w. bush and his particular brand of sort of evangelical language and discourse, his comfort with conservative evangelicals that ushered in kind of the -- this particular use of religion.

so those two things, both a kind of devastate evangelicalism, attachment with the gop and this kind of anti- islamic bias have meant that for a decade this has been really central to politics. >> he had a lot of support from black evangelicals, do you think that perry is going to get the same support? >> african-americans gave support to bush, but if you look at the support of african-americans across the board for president barack obama as a candidate in '08, it's pretty unlikely that any gop candidate is going to get more than two or three additional percentage points, i think the real question is whether or not you end up with ballot initiatives that end up allowing african-americans who consider

themselves conservative and religious to kind of split votes, for example they might cast a vote for president obama but also for a socially conservative ballot initiative. >> we have to get to michele bachma bachmann, she has made comments that god told her to run for office. that women need to be submissive to their husbands, but what about the general election? what about the general population? >> one of the things i want to emphasize is not all people identify as strong people of faith, and strong people even of christian faith are conservative. this i think is actually worthy of discussion. so if michele bachmann says god tells me to run and god says these particular social conservative things, i think the other part of it is that those of the christian faith who say, look, what the bible tells me is that we should help one another, she should not leave the poor

without opportunity, that we should provide freedom and equality for, you know, all of god's family, in other words there's a real conversation that could emerge here and i think if that conversation emerges, that religion should not be so frightening to us, it should be a robust part of our political conversation. so maybe michele bachmann will bring that conversation to the fore. >> melissa harris perry, nice to see you. police in missouri are stepping up their efforts to find a missing 3-year-old girl, breeann rodriguez vanished friday while bike riding outside of her home. now police say they have found some clues that could help them in their search. michelle sigona joining us with more on the case. have you learned anything new? >> within the last ten minutes i spoke with rebecca from the fbi and what she said is that she can tell me is that there was in fact evidence found about two miles away from where breeann

went missing but she would not go into the particular items. last night the police chief spoke out and said that those items may in fact yield some sort of dna, but again, they're not going to into the specifics to help protect the integrity of the case. >> in the meantime, they're looking for a white van who may or may not have had this running ladder in the back. what can you tell us about this vehicle? >> i can tell you that this vehicle was in fact spotted about 24 hours before she went missing in the area. but again, we don't want to have tunnel vision, sort of like with the sniper case and sort of focusing in on a particular vehicle that doesn't in fact have anything to do with it. but this is something that authorities want folks throughout the area to be able to be aware of and call in their leads if they possibly have seen something or, you know, that particular van in their neighborhood and it's something that they can just go and check out.

>> breeann's parents are distraught. let's take a listen to her father's theory on what might have happened here. [ no audio ] >> all right, unfortunately, michelle, we don't have the sound on that. but i mean obviously her parents are holding out hope on this case. what do which know about what her parents have had to say? >> her parents, they were, when they walked outside they noticed that she was missing. it was just around noon, just around lunch on august 6, her bike was gone, she was gone. so of course they're extremely distraught. they're pleading now to the public, sometimes in these cases, you know, you see the families come out and sort of appealing to the public, and sometimes you don't, sometimes they back off, but in this case, they're very visible. they're out there, we can see that they're distressed, we can see that they want to find their child and hopefully right now someone has information that can come forward. in the middle of this case, just this week, the fbi released

their very first app on phones for child abductions for cases just like this. so if you log on to fbi.gov, you can learn more about that, but while volunteers are searching on the ground and other folks are out there searching, they can actually pull this information up on their cell phone, which has her face, the information, height, weight, everything you wanted to know about her in order to show people in the area that they come in contact with. log on to the fbi's website, consider downloading that from i-tunes. only about 115 stranger abductions, this unfortunately may fall under that category. >> just in case you don't have the ability to download that app, you can go to --

what one man did to bring people together and get them some coffee at the same time. that's first, but keeping our eyes on the markets, it's been a wild ride, right now the dow is up 231 points, but of course we're watching it right here on msnbc. i love that my daughter's part fish. but when she got asthma, all i could do was worry ! 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,

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my lashes changed as i got older. now i use latisse®. more than double the fullness in 16 weeks. are your lashes thinning as you get older? why wait? ask your doctor about latisse® from allergan, a company with 60 years of eye care expertise. you are looking live at the iowa state fair in des moines, iowa. mitt romney there speaking to the crowd. he's been slamming the president pretty hard on the economy saying that he doesn't understand the economy because he's never had a real job. he's been saying that he himself has worked in the private sector. let's go ahead and listen in to what he has to say. >> there are a number of things an economy has to do if it's going to perform better than the other nations around us. and allow americans to continue to have a standard of living that leads the world. let me mention a couple of them. you have to have tax rates that are comparable with the competing nations. you have to have regulation and

bureaucracy which is streamlined and modern and which encourages the private sector as opposed to burdening it. you have to have trade policies that work for us, not just for the other guy. you have to have energy policies that are intended to give america freedom from dependence son foreign oil. we have to have the rule of law. you might sigh we already have the rule of law, when the president puts his hands on the scale of justice and says we're going to give money to the uaw and not -- tells south carolina you can't have a boeing plant because you're a right to work state you don't have the rule of law. number six, you have to have institutions that build human capital. we're a capitalist nation, but that means just not capital of a physical nature, but capital of a human nature. we got to have great schools, universities and immigration policies that bring in the best

and brightest. and finally number seven, you have to have a government that doesn't consistently spend more money than it takes in. you've got to balance your budget. >> again, listening to mitt romney in des moines, iowa, talking about the economy, really taking shots at the president saying that he does not know how to handle the crisis. don't forget the msnbc will be live in iowa with special coverage, again, watching mitt romney there, if anything else comes out of that press conference, we'll go ahead and update you. you know, they say the best things in life are free and that is now true for coffee lovers, thanks to a rhode island tech consultant who posted his starbucks online for anyone to use. he said it was a social experiment in paying it forward and the results have been surprising. jonathan joins us from providence. how exactly does this work? people download the card and then what? >> they actually save a picture of the card on their phone and they just open it up, go into

starbucks, open up their phone and hold it in front of the scanner and it reads the bar code and they get a free coffee if there's money on the card. >> do you know how many coffees have been bought and sold? >> i don't know that, they're going so fast it's hard to track. by i know just said over $10,000 have been put on the card. >> i know you're refilling this balance, but people are tracking on additional -- how is this whole thing working? how must be flabbergasted by all of this? >> it's overwhelming actually. i have been blown away by the outpouring of general rosity ane feelings that have been created. these stories of heart warming and heart breaking, of the difference it makes in people's lives. >> you've been tweeting and people are tweeting at you, what

are they saying? >> getting all kinds of great feedback, the media attention has been unbelievable and the number of people using the card now is so much that as soon as money goes on it, it goes right back off of it. but northerly, people are, when they do get a free coffee, they'll take a picture of it and post it online so that everybody can see it and it just makes people feel good. >> i'm sure you have gotten some interesting pictures. i have to ask you, some people are saying this is a guerrilla marketing tactic by way of starbucks, what do you have to say about that? >> i can understand that thought, if it wasn't me, i might have had that thought too. but all i can say is that starbucks is not involved. my employer is not involved, but starbucks has been great about supporting this.

starbucks is has been in touch with me now but they had nothing to do with the idea or getting i started. >> in the meantime it continues. jonathan stark, congratulations, i guess. thanks so much. >> thanks, it's been crazy. all right, we want to go ahead and get you to some live pictures right now. hillary clinton is speaking live talking about the united states, giving an additional $17 million in aid for horn of africa nations, that's including $12 million to help those in somalia. we're going to go ahead and listen in to what she has to say. if anything comes out of in press conference, we'll keep you updated. we'll be right back. every day, all around the world,

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we are keeping a close eye on the markets. right now the dow is up 285 points but of course, keeping a close eye on it. it has been a pretty wild ride

over the last few days. again, markets fluctuating but up at this point. as the markets teeter back and forth, we have been watching our 401(k)s drop but if you think you're having a bad year, consider tiger woods. he was once the richest, most profitable sports star ever. now his earnings are almost at a new career low. in fact, today, he is barely earning more than he did when he was a rookie back in 1996. darren, how much does tiger earn these days? >> well, on the course, veronica, he's at $656,000 this year, having played, now he's playing his 26th round of the year. when you compare that to 1996, that was the only other year that he made less than $1 million. you know, on a per round basis, he's making about $25,000 per round. i know, poor him. but you compare that to '96, it's about $24,000. right now at the pga

championship he's 4 over par after 11 holes and if things don't turn around, and they can, he might not make the cut which means that he's not going to play in the fed ex championship, and it means -- i don't think -- he won't have any more rounds at least in this country this year. >> put this in perspective. how does he compare to others in the golf world? >> well, the leader right now on the pga tour at least is the number one golfer in the world, who has made more than $5 million. tiger does have endorsements. his endorsements are worth about $65 million a year but he recently lost tag heuer, the watch brand. he's lost at & t, gatorade. while it's all relative, things are not going well for tiger woods. he hasn't won in some 82 weeks. obviously he's not going to be getting many more deals if he doesn't turn his golf game around soon.

>> thanks, darren. appreciate it. that does it for me today. see you back here at 11:00 a.m. eastern tomorrow. in the meantime, contessa brewer picks it up from here. do you know how many people in america would love to get paid to play golf? he's getting $25,000 a round? i would take $25. i would take 25 cents. let me play for free. >> you and me both. >> veronica, we're continuing to watch the wall street stock market today. what's the next bubble to burst here? some say take a look at college campuses. the student loans are a real problem and the question is when students graduate, do they have jobs to pay that money back. plus, a man wins a contest with a prize of living at the airport. why in the world would you even enter that contest? what's up, smart? oh, just booked a summer vaycay. ooo. sounds pricey? nah, with the hotels.com summer sale, you can find awesome deals for places nearby. interesting...

wow, i'm blown away. you look great. hotels.com summer sale, save up to 30%. and get a free kindle. hotels.com. be smart. book smart. 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. ♪

good thursday, everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching

right now, fear, fatigue, freefall. main street losing faith as politicians bicker, leading to all this volatility on wall street. >> stocks charging right out of the gate into the green this morning thanks to a bit of good news on the jobs front. it's been a wild ride on wall street this week. a market driven in part by rumors and by fears. yesterday the dow closed down more than 500 points. >> the debt crisis, the s & p downgrade or something about some bank in europe, each is another headline that's like the nail in the coffin. >> in just under three weeks, we've lost 2,000 points on the dow. the wealth construction we've had is the equivalent of one-fifth of the annual output of the u.s. economy. >> on capitol hill, lawmakers on the so-called super committee are about to get to work to find ways to cut america's spending and debt. republicans picked mostly hard liners.