right now on "news nation," president obama moments away from officially announcing his pick for fbi director, the new chief set to take over the bureau as it faces major pressure over drones and phone surveillance. investigators back at the home of patriots star aaron hernandez today amid reports police have surveillance video of hernandez with a man the night before that man was found dead. plus, paula deen takes to her twitter account to announce she's about to release a video

statement, her first since admitting in an affidavit in a deposition that she used racial slurs and this comes after she canceled an exclusive interview on the "today" show this morning. first, we're following breaking news. wall street reacting for a third day after news the fed may soon scale back stimulus programs. here's a look at how the dow is shaping up right now. it is down, as you see there. just 11 points. we were around 260 around this time yesterday. this all follows the dow's biggest drop of the year. kayla, we're down 12 points right now. nothing like we saw yesterday. nevertheless, a concern of a trend here. >> definitely, tamron. the market has had quite a rocky ride this week. the futures were up all morning. the sharp selloff then entering day three. stocks are now in mixed territory. the dow was positive again. now it's back in negative territory. it makes the move earlier this

week appear to be something of a knee jerk reaction after the federal reserve said it would start slowing the stimulus program. that's slowing, not stopping. still hard for the market to hear. one big bank executive said, you've been keeping the animals in the barn all spring. when you open the barn door, they're still going to go wild, but eventually they'll settle down. just about an hour ago they appeared to settle down. if not for long, then at least for the day. many investors and reporters revisiting ben bernanke's remark. bernanke affirmed there would be in change in interest rates, which have been near zero for four in years, until employment falls below 6.5%. he has no fixed plan to stop purchasing the securities helping to lift the economy. even when they stop, they won't turn around and sell them, which would be bad for investors. we've had several billionaire

money managers writing in to voice their continued confidence in the stock market saying this will all pass too. afterall, the economy is heading in the right direction. tr tamron, if you want to invest in the stock market right now, you're going to have to have a steel stomach. >> thank you, kayla. the news nation is also following breaking news out of the white house where president obama is about to nominate james comey to be the next head of the fbi. he's a former justice department official who helped oversee the legality of the national surveillance program under president george w. bush. if confirmed by the senate, he would replace robert mueller, who's head of the agency since september 2001. although fbi directors are limited to a single ten-year term, mueller's term was extended by the senate at the president's request. comey's nomination comes as the fbi comes under fire, increasing pressure over the issues of privacy and surveillance, including fresh revelations just this week that the agency has

been using unmanned drones on u.s. soil. >> does the fbi own or currently use drones, and if so, for what purpose? >> yes, and for surveillance. our footprint is very small. we have very few and have limited use. we're exploring not only the use but also the necessary guidelines for that use. >> comey's confirmation will be overseen by the senate judiciary committee. ratteni the ranking members have both expressed their support of his nomination. joining me now, pete williams. obviously, pete, if people so choose to go online and read a little bit about james comey, they instantly see he's been praised, which is interesting, by a number of liberals, a number of democrats for actions he took right after 9/11. >> right. and i'm sure that these will be questions that the confirmation hearing. the specific surveillance

programs that have been revealed in the last couple of weeks involving the mass collection of u.s. phone records and this program to look at internet programs overseas, both of them were enacted after james comey left the justice department as deputy attorney general. nonetheless, he was a strong supporter of the patriot act, the law that was passed in the days after 9/11, and it's one of the authorities in the patriot act that is in a sense the seeds of the phone program, although as i say, it wasn't started when he was at main justice. he has gotten bipartisan support. it seems very likely his confirmation, that he will be confirmed for this position to succeed bob mueller. he'll be only the seventh person to lead the fbi in its person. mueller was the first person to serve all ten years of the statutory term, plus two more as the nation, the senate and the administration were nervous about changing fbi directors right around the time of the

assassination of bin laden, concerned there might be terror attacks in response to that. they also had difficulty finding anybody who was willing to take it. now james comey has stepped forward saying he's willing to take the job. mueller will be leaving the position in early september, 12 years after he came in. >> and also, in addition to the questions that you pointed out he would likely face, he's expected to take questions regarding his role with a hedge fund and working with wall street after his years in washington. >> senator grassley has indicated he'd like to ask questions about that. he's spent most of his professional career as a prosecutor, 15 years as the number one federal prosecutor in new york as well as a prosecutor in virginia. then his time as the deputy attorney general. he's an experienced prosecutor, but he did, after a time, go into private practice.

he was general counsel for lockheed martin here in the washington area. then he had a couple years with this hedge fund. senator grassley has indicated he wanted to ask questions about that, given what senator grassley believes is the role of not necessarily the one comey was working for, but hedge funds in general, their potential role in the economic collapse and the housing crisis and his concern that the justice department hasn't been tough enough on companies that may have had a role in the housing crisis. >> okay, pete. thank you very much. as soon as the president walks out with mr. comey, we will certainly go to that live. thank you, pete. and police were back at the home of patriots star aaron hernandez this afternoon as they investigate the murder of a man whose body was found less than a mile away from hernandez's home. we'll get the latest on what's going on there. plus, celebrity chef paula deen announces on her twitter just a short time ago that she is going to finally release a video statement, that it is coming any minute. her first statement after

admitting in a deposition to using racial slurs and since cancelling a major tv interview this morning on the "today" show. is the damage already done? we'll talk to a publicist who's represented several big names when they've been in crisis. join our conversation on twitter. you can find me @tamronhall. i'm gonna have to ask you to power down your little word game. i think your friends will understand.

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i want to take you straight to the president's announcement. he's formally nominating james comey to head the fbi. let's listen in. >> it's an opportunity for all of us as a nation to say thank you to bob and ann, but also gives me a chance to announce my choice to be the next director of the fbi, jim comey. every day our fbi special agents, analysts, and professional staff devote and often risk their lives keeping us secure from the streets of our cities to the battlefield of

afghanistan. they embody the core principles of fidelity, bravery, and integrity. bob mueller has embodied those values through decades of public service and live them every day as fbi director during an extraordinary period in our nation's history. bob, some of you will recall, was sworn in just days before 9/11. bob not only played a key role in our response to those attacks, he began one of the biggest transformations of the fbi in history to make sure that nothing like that ever happens again. like the marine that he's always been, bob never took his eyes off his mission. under his watch, the fbi joined forces with our intelligence, military, and homeland security professionals to break up al qaeda cells, disrupt their activities, and thwart their plots. i'll say it as clearly as i can. countless americans are alive

today and our country is more secure because of the fbi's outstanding work under the leadership of bob mueller. all the while, bob and the fbi have been tireless against a whole range of challenges from preventing violent crime and reducing gang activity, including along our border, to cracking down on white-collar criminals. today there are many in the fbi who have never known the bureau without bob at the helm. like us, they've admired his tenacity but also his calm under pressure, his devotion to our security, and his fidelity to the values that make us who we are. it's a trademark, a tribute to bob's trademark, humility, that most americans probably wouldn't recognize him on the street, but we're all better because of his service. bob, i can't tell you how personally i am to you and ann for your service. i know that everyone here joins me in saying that you will be remembered as one of the finest directors in the history of the

fbi and one of the most admired public servants of our time. i have to say just personally, not only has it been a pleasure to work with bob, but i know very few people in public life who have shown more integrity, more consistently, under more pressure than bob mueller. [ applause ] i think bob will agree with me when i say we have the perfect person to carry on this work in jim comey, a man who stands up very tall for justice and the rule of law. i was saying while we were taking pictures with his gorgeous family here that they are all what michelle calls

normal height. the grandson of a patrolman who worked his way up to lead the younkers police department, jim has law enforcement in his blood. as a prosecutor, he helped bring down the gambino crime family. as a federal prosecutor in virginia, he led an aggressive effort to combat gun violence that reduced homicide rates and saved lives. he has been relentless whether it's standing up for consumers against corporate fraud or bringing terrorists to justice. and as deputy attorney general, he helped lead the justice department with skill and wisdom, staying perpetually prepared for threats that can emerge suddenly. jim is exceptionally qualified to handle the full range of challenges faced by today's fbi from traditional threats like organized crime to protecting civil rights and children from exploitation to meeting transnational challenges like

terrorism and cyber threats. just as important as jim's extraordinary experience is his character. he's talked about how as a young boy he and his brother nearly lost their lives. they were at home and an intruder broke in and held them at gunpoint. jim understands deeply in his core the anguish of victims of crime, what they go through, and he's made it his life's work to spare others that pain. to know jim comey is to know his fierce independence and deep integrity. like bob, he's that rarity in washington sometimes. he doesn't care about politics. he only cares about getting the job done. at key moments, when it's mattered most, he joined bob in standing up for what is right. he was prepared to give up a job rather than be part of something that's fundamentally wrong. as jim has said, we know the rule of law sets this nation apart and is its foundation. jim understands that in time of

crisis, we aren't judged solely by how many plots we disrupt or how many criminals we bring to justice. we're also judged by our commitment to the constitution we're sworn to defend and to the values and civil liberties we've pledged to protect. as we've seen in recent days, this work of striking a balance between our security but also making sure we are maintaining fidelity to those values that we cherish is a constant mission. that's who we are. it is in large part because of my confidence not only in his experience and his skill but his integrity that i'm confident that jim will be a leader who understands how to keep america safe and stay true to our founding ideals no matter what the future may bring. so to bob and ann, i want to thank you again for your incredible service. i want to thank jim, his wife patrice, and their five children who are here today, maureen,

katherine, brian, claire, and abby, for supporting jim as he takes on this important role. i know he couldn't do this without you. he is extraordinarily proud of all of you. i can see why. this is a ten-year assignment. i make this nomination confident that long after i've left office, our nation's security will be in good hands with public servants like jim comey. i urge, as usual, for the senate to act promptly with hearings and to confirm our next fbi director right away. i'd like now to give both of them a chance to say a few words, starting with bob. >> thank you, mr. president. thank you. >> i want to start by thanking you, mr. president, for those kind words. i also want to express my gratitude to both president bush and president obama for giving me the honor and the privilege of serving as the fbi director

during these last few years. i particularly want to take the opportunity, though, to thank the men and women of the fbi. it's through their hard work, their dedication, their adaptability that the fbi is better able to predict and to prevent terrorism and crime both here and abroad. of course, i want to thank my wife ann, my family, for the support and their patience over the last 12 years. and finally, i want to commend the president for the choice of jim comey as the next director of the fbi. i have had the opportunity to work with jim for a number of years in the department of justice, and i have found him to be a medicine of honesty, dedication, and integrity. his experience, his judgment, and his strong sense of duty will benefit not only the bureau but the country as a whole. again, mr. president, thank you for this opportunity to serve. >> thank you.

[ applause ] >> thank you, mr. president, for this honor and this opportunity. i'm not sure i have the words to describe how excited i am to return to the department of justice and especially to get to work again with the people of the fbi. they are men and women who have devoted their lives to serving and protecting other, and i simply can't wait to be their colleague again. nearly everything i am and have done in my adult life is due to the great good fortune of marrying up. thanks to the love and support and occasional constructive

criticism of my beloved troops, of my amazing wife patrice, and abby, claire, brian, kate, and maureen, i'm a much better person than i would have been without you. i love you guys. i have a debt i cannot repay you, but thank you for that. i must be out of my mind to be following bob mueller. i don't know whether i can fill those shoes, but i know that however i do, i will be standing truly on the shoulders of a giant, someone who has made a remarkable difference in the life of this country. i can promise you, mr. president and mr. director, that will do my very best to honor and protect that legacy. and i thank you again, mr. president, for this chance to serve. thank you. [ applause ] >> can we give bob mueller and ann one more big round of applause? [ applause ]

>> thank you. thank you. >> you see there emotional words from outgoing fbi director bob mueller and actually very humble words from james comey, the former bush administration official, now officially nominated by president obama to be the new fbi director, expected to get bipartisan support on this nomination, but certainly nothing is guaranteed in washington, d.c. we will follow the questions that will be posed to mr. comey regarding the surveillance program and the use of drones, which are in the news right now. hot topics not going away. meanwhile, police were back at the home of new england pay the tros star aaron hernandez. their visit is part of an ongoing homicide investigation into the death of a young man believed to have been an associate of hernandez. now, hernandez has not been named a suspect in this case.

police have spent the last three days searching his home. it is located about a mile away from where 27-year-old odon lloyd's body was found. nbc's stephanie gosk joins me with the latest. what are police saying there? >> reporter: well, tamron, it's important to point out that there has not been an arrest warrant issued yet in this case. in fact, there haven't been any warrants -- even applications filed at the district county courthouse. we're keeping a close eye on that. there has been a lot of attention being placed on this relationship between aaron hernandez and the 27-year-old semi-pro football player, odon lloyd, who was found dead on monday, early monday morning. there are several local reports here that there's actually surveillance footage of these two men over the weekend. now, here at the house today, we have not seen aaron hernandez. he was last seen on thursday. he was actually moving around quite a bit. he went to gillette stadium.

he was surrounded by press and cameras at a gas station not long after that. he didn't say anything then. then he met with his lawyers. that was the last time at least the press has seen him. here at the house, the police showed up today. they weren't here for very long. it was two state troopers. they went to the front door. that door opened. they were inside for about a minute. there have been other comings and goings. like i said, aaron hernandez has not been seen. important to keep in mind, this is a young football player. he just recently signed a $40 million contract with the new england patriots. he has a bright future in front of him as far as the sport is concerned. this is going to be potentially problematic for him. >> all right. thank you very much, stephanie. we'll check back in with you if needed. let me go now to nbcsports.com's editor mike florio. >> good to be with you. >> you heard stephanie gosk say hernandez has a bright future with the team. he just signed this huge contract. but there's at least one headline out of boston "the

herald" saying the patriots have told him to keep out, meaning stay out of gillette stadium after he showed up for a workout. again, an nfl team in a precarious situation, waiting for this to play out but also have been one of their stars in the headlines. >> yeah, and that's the problem, tamron. training camp opens five weeks from today for the new england patriots. so they're going to have to hope that something happens in the next five weeks that will give them clear guidance on the right thing to do here. it will be a huge distraction for the patriots if aaron hernandez is arrested, charged, indicted, and then shows up for training camp. look for the nfl and the patriots to work together to come up with a plan on how to deal with hernandez. there may not be much that happens at all over the next month or so. they may not know much more than they know right now when the time comes to welcome aaron hernandez into the facility with open arms. >> now, in a situation like this, does the team call the player in and say, listen, tell us your version?

i mean, obviously hernandez has an attorney as we've seen in the past with other players in trouble. they get an attorney. but do they talk with the team and lay out what they know? >> well, it depends on the team and the problem is if you have the head coach, the owner, the general manager talking to the player and the player's saying things, that makes those folks potential witnesses because anything the player says to anyone can be used in a court of law. so the team will want to know what happened, the league will definitely want to know what happened. at some point, if the nfl's own investigation uncovers evidence to suggest that aaron hernandez did something he shouldn't have done, he'll be asked to go to new york city and meet with commissioner roger goodell. but that's all part of this initial process. for now, though, i think the nfl and the patriots just trying to use other means to figure out what happened. >> and just real quick, a couple more seconds, boston.com sports writer, a popular writer there, adam kauffman's column today is calling for the patriots to sever ties with hernandez even though he's not been arrested, he's not a person of interest,

at least officially from police. is that the right or wrong call? >> from a business standpoint, it's definitely the wrong call. they give him $12 million in a signing bonus when he signed that contract. they have ways they can try to get a big chunk of that money back, if he does end up convicted of a crime. if they cut him, they can't get a penny of it back. for business reasons, it makes sense to hold on to him no matter what he ultimately may have done. >> wow, mike. thank you very much. i really appreciate you sticking around past the breaking news to talk with us about this. thanks a lot. >> all right. thank you. coming up, the judge in the george zimmerman trial rules on whether certain words like profiled, vigilante and want-to-be cop can be used in opening statements. we'll tell you what happened there. plus, paula deen expected to make her first public statement any minute after admitting in sworn testimony to using racial slurs. we'll talk with a top publicist about what paula deen can do at this point to save her name. ready?

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a ruling on what could be a critical piece of evidence in the george zimmerman murder trial could come at any time. the judge is expected to decide whether state witnesses will be allowed to testify about who they believe is screaming in the background of a 911 tape from the night trayvon martin was killed. meantime, another big decision came this morning on a motion regarding words allowed during opening statements. the judge ruled that the state can use the word profiling but not racial profiling. the state can also use the word vigilante to describe zimmerman along with the phrase want-to-be cop. zimmerman has pleaded not guilty in the shooting death of trayvon martin. he claims self-defense. martin was unarmed.

nbc's ron mott joins us. the judge's decision is interesting on the key words we've talked so much about. >> reporter: the one key consideration the judge made with respect to profiling, as you mentioned, was that they cannot say racial profiling, but because that word has been used so often, profiling, in our society here over the past few years, one would presume that a lot of the jurors will immediately link race to that. so we'll just have to see how the state will present the opening arguments. interestingly, the judge has not released the order as of yet on this frye hearing. that's all about that 911 call and who can be heard screaming what on that 911 call. we do expect we'll get that today before the court closes at 5:00 p.m. there's no guarantee of that. how it might affect the case, kendall coffey is a former federal prosecutor and one of our legal analysts. he told me the judge could disallow any of this testimony, won't allow any of it in, she could allow all of it in t or

she might do what might be described as a split decision. basically, allow some of the testimony but disallow some of it. obviously, the defense has a lot of bones to pick, excuse the phrase, with the methodology, these scientists purportedly used to come up with their conclusions that george zimmerman is not screaming on the tape and it is in fact trayvon martin. we'll see a few nervous lawyers here at the moment. >> all right, ron. thank you very much. with me now, msnbc legal analyst lisa bloom. thank you for joining us here. let's talk about this ruling today. profiling but not racial profiling. to ron's point, the minute you say profiling, people -- your brain automatically puts racial in front of the word. what's the significance here? >> here's why. opening statements are just that, they're statements. it's not opening arguments, opening statements. you're not supposed to be characterizing the evidence. you're supposed to be talking about what the evidence will show. at the end of the case, we'll have closing arguments. at that time, the prosecutor may be able to use words like racial

profiling because the prosecutor will be arguing conclusions that can be drawn from the evidence. >> so by putting the word racial in front -- >> it's a conclusion. >> that's interesting. >> it's a conclusion they can't reach until they hear the evidence. >> vigilante and want-to-be cop lead you to a conclusion. >> that's right. the prosecutor and the defense attorney are allowed a little bit of leeway to lay out their case and to describe their case. so they can use some of this language, but they can't go too far. that's what the judge is ruling. >> which is the reason why self-appointed neighborhood watch captain, both sides agree this was not a factually correct statement. so it won't be used here. we're still waiting for the judge's decision as ron also said on this audio, on what the prosecution experts say is trayvon martin's voice. what do you make of the length of time we've waited on this? >> i think she's decided this is a very important issue in the case. i think it is too. think about it. if this audio is trayvon martin screaming and begging for his life just before that gun went off and took his life, it's very powerful evidence emotionally

but also factually. it undercuts george zimmerman's claim trayvon martin was threatening him. george zimmerman claims that's him making those noises. this is only about the expert testimony. this recording could still come in, even if the experts don't testify about it. other people could testify about it, like trayvon martin's mother, who says that's my son on that recording. >> or the witness who made the 911 call who heard someone in the background as well. >> that's right. >> so let's move to this jury that's been selected here. i think i slept an hour last night watching everyone's side bar commentary on this. some of it i found quite offensive, especially a couple of men who were on discussing the fact it was an all-female jury. >> i'm glad i missed that, tamron. >> you know, what is your gut reaction to this? >> well, i looked at the social science evidence. everybody's got opinions about what women jurors do. >> what does it mean? >> so it turns out that female and male jurors don't really decide cases any differently, based on all the studies i read. there's one slight difference,

that female jurors are said to have more sympathy for the victim. the question is, who's the victim here? i don't think the female aspect of the jury is all that significant. >> the other significant part of this, and i think twitter blew up once it was revealed, the backgrounds of these jurors. hispanic or black, that's b-29. you have a white, married juror been white alternate, white married. the list goes on here. the bottom line, majority white with a hispanic or black juror b-29. again, i heard an analyst yesterday say, you know, listen, if this were more blacks on here, they were more apt to be sympathetic to a black victim as if, you know, people are incapable of understanding any other group other than their own. i'll pose that to you. if you were the attorney here and you are representing the state and you see the makeup of this, are you concerned because the alleged victim here in

trayvon martin is black? >> listen, to be honest with you, if i were the prosecutor in this case, i would want more african-americans on the jury. having said that, of course we live in a multiracial culture. people of different races judge people of other races in american courtrooms every day. you know, i'm not going to jump to any conclusions about people based on their race. if there's one lesson from this case, it's that we shouldn't stereotype anybody. >> when we look at the jury demographics compared to the seminole county demographics, this is on par, the jury is, on par to the makeup of that county. again, looking at this and knowing the sensitivity of this case, should there have been, i don't know, more consideration given to this, or was it enough? i don't know. >> this is the jury including alternates. if you exclude the alternates, it's five white, one person who's black or hispanic. we have a deeper problem in this country of exclusion of african-americans from juries

because of felony disenfranchisement, which means that because so many african-american men have been convicted of felonies, many of them are excluded for life from juries. that's true in florida. that's true in the majority of states. so it's not uncommon for whites to be overrepresented on juries. this is an issue that's been raced in a lot of trials of african-americans. we are disproprorgs gnatly less likely to get a jury of our peers. this is a nationwide problem. >> we'll see the next phase of this. perhaps we'll hear from the judge before the end of the day regarding these audio experts. >> big ruling. >> thank you very much. i know you'll be here with us through the duration of this trial. thank you so much. >> thank you. time now for the news nation political postscript. this week we saw a major breakthrough in immigration reform as well as a stunning defeat. the house republican leadership yesterday while president obama traveled overseas meeting with russian president vladimir putin then delivering a major address in berlin. >> we do have differing

perspectives on the problem, but we share an interest in reducing the violence, securing chemical weapons. >> translator: of course our opinions do not coincide but all of us have the intention to stop the violence in syria. >> the wall belongs to history, but we have history to make as well. and the heroes that came before us now call to us to live up to those highest ideals. >> what we saw today was a democratic leadership in the house that was insistent to undo years and years of bipartisan work on an issue like a farm bill and decide to make it a partisan issue. >> majority leader continues to want to blame the democrats for his inability and the republicans' inability to give a majority vote to their own bill. >> i don't know how anybody could argue that the reason

they're not supporting this legislation is because we haven't addressed securing the border. >> this was a political response to a failing piece of legislation. >> joining me now live, mark murray. so that was the week that was. we know on monday it's going to be about the supreme court yet again. of course, everything boils down to politics and whatever rulings they decide on these four major ones that are left behind. >> right, tamron. it's possible that we might get some decisions on monday, but other decisions going later into the week. of course, the four decisions -- actually, it's like three big categories we're focused on. same-sex marriage, two big cases there. an affirmative action case as well as the voting rights action in section five of that. three overarching subject areas that have big political implications. tamron, it's just not that stuff on the supreme court. there's going to be a couple of very big votes on the senate

immigration legislation all set up for next week. one on the vote for that key corker amendment on border security that's going to take place on monday night. >> and lastly, i just got to ask you the reaction today, the day after for speaker boehner here. we know that some within his own party threatened him regarding immigration. we've talked about that. a lot at stake for him here. how is he holding up his caucus under this pressure, or is he? >> yesterday was not a good situation given that farm bill went down to defeat. you and i talked about it yesterday. when you are speaker of the house, when you control the house of representatives, when you bring legislation to the floor, you should know what the vote is and being able to carry the day if you do something like that. he didn't get that done. it's actually happened several times now in the past. it does bring in some questions on his leadership, but tamron, it is a very difficult job managing his caucus, managing some of the democrats who really weren't happy with that legislation, and that was the reason why we saw on the farm bill it remains to be seen with

the situation on immigration. it looks to be very unpredictable. >> thank you, mark. greatly appreciated. have a great weekend. >> you too. up next, the controversy that could derail paula deen's career. she took to twitter saying she would release a video statement shortly after admitting to using racial slurs. we'll talk about her next move or option. ♪ even superheroes need superheroes, and some superheroes need complete and balanced meals with 23 vitamins and minerals. purina dog chow. help keep him strong. dog chow strong. ♪ i'm a loving husband and a real good dad ♪ ♪ but weeds just make me rattlesnake mad ♪ ♪ now roundup has a new sharp-shootin' wand ♪ ♪ i'm sendin' them weeds to the great beyond ♪ ♪ roundup yeha! [ whip cracks ] ♪

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no-show on the "today" show this morning, saying she was exhausted. this week's news broke that deen used the "n" word during a may deposition regarding a lawsuit filed against her. a lawyer asked, quote, have you ever used the "n" word yourself? she replied, yes, of course. the lawyer then asked, okay, in what context? she answered, well, it was probably when a black man burst into the bank i was working at and put a gun to my head. her company released a statement yesterday reading in part, to be clear, ms. deen does not find acceptable the use of this term under any circumstance or condone any form of racism or discrimination. in addition to her admission that she used this word, she also said in the deposition, quote -- regarding jews, that's kind of harsh. she said most jokes are about jews, red necks, black folks. i don't know. i didn't make up the jokes.

that was a part of what she said in explaining her language. if you were representing her, and you've represented a lot of celebrities in trouble, what would you tell paula deen. >> i would tell her to be honest. she said in the deposition, yes, of course, as if she uses the "n" word every day, yet she puts a release out saying she doesn't condone it. it's confusing for her to be the queen of the south, this woman that has a large persona, largely built on her being charming and warming, yet having a loud mouth. we have yet to hear from paula deen. the problem i have is with a taped statement via video. we can't hear her retort. we can't hear the warmth. >> and we can't hear her answer questions, which is what she would have done this morning. >> correct. and she's avoiding that for some reason. >> another portion of the deposition that's got an lot of attention -- and by the way, the employee who made these allegations who initially was behind this lawsuit is white, not an african-american employee, despite the allegations that paula deen's company made the black workers

use a separate entrance as well as a separate bathroom. in the deposition, she was asked about this southern plantation-style wed iding she wanted to put together for her brother. this is the allegation against deen. s the employee said paula deen said is what i would really like is a bunch of "n" words to wear long sleeve white shirts, black bow ties. that would be a true southern wedding, wouldn't it? paula deen denies she referred to little "n" words, but she said she wanted older, black men in white jackets with a bow tie, and her words were, as they were before the civil war. in the deposition, the person says that would have been slaves. so this is the result of people calling this a slave-style wedding. how does she explain that? >> you can't explain that, but she has to try. >> how do you try? >> well, because her dna is largely built around southern

culture. >> two tv shows, 14 cookbooks, several restaurants, product endorsements, $17 million is what "forbes" estimates she was worth in 2012. she's got a lot to protect. >> she has a lot to protect. african-american consumers are a big part of that audience. for her, i think, we need to hear from her. certainly every infraction chips away theat the paula deen brand. in order for him to recalibrate from all this, we need to hear from paula. video testimonies and video retorts are not the best way to come across to an audience of people who for many that's a racially charged word that is very insensitive, and she's living in a region where she should know better. >> and she says, i'm sorry, this is a word i use before but i've not used this since i can remember, despite what is explained in this deposition. will she be able to keep her brand and be the loved paula deen we've seen? >> i don't think she'll ever be

the loved paula deen we've seen because her approach in not stepping up to these allegations is more damaging than the allegations themselves. >> would you represent her? >> not at all. >> thank you very much. coming up, new jersey bands trash talking in high school sport. we'll talk to the director of a group who announced the decision. they're saying if you trash talk, they'll come after you. it is our "news nation" gut check. be sure to like the "news nation" on facebook. i'm now on instagram. i posted some videos. look for tamron hall on instagram. my dog is even in one. ta-da! (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade.

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for a store near you go to benjaminmoore.com/bayarea. time now for the "news nation" gut check. state officials in new jersey have announced a new policy that could land players in hot water for trash talking during sports. according to the policy, high school athletes and their teams could penalized if they're caught making harassing statements related to gender, race, ethnicity, sexual

orientation, disability, or religion. officials say it brings athletic events in line with the state's anti-bullying laws for schools. the policy was announced by the new jersey state interscholastic association. the agency's director joins me now. thank you so much for your time. i think most people would agree this is a great idea. when you look at the laundry list of things you're concerned about, but how would you implement it? are you depending on other teams to tell on the other guy? how do you put this into place? >> tamron, we look at it from a couple different areas. we have monthly conference meetings where we meet with our presidents and secretaries and get information dispersed to the member schools. we go to sectional meetings. we also deal with our 84 officials chapters. we have interpretation meetings where we deal specifically on new rules and regulations of our association. >> and coaches will be

responsible for telling their players about the trash talking policy, so this again is dealing -- or depending on adult leadership, which is important. >> it certainly is, tamron. our new rule says that coaches, officials, and players will be responsible if they use provocative language towards racial bias, towards ethnicity, towards religion, and gender, that this will not be tolerated. >> what kind of penalty are you looking at here if a team has repeat offenders? >> anybody who's disqualified for unsportsmanlike behavior for most of our sports, it would be a two-game suspension. for football, it's a one-game suspension. the important thing is to let them know situations like this will not be tolerated. >> thank you so much. congratulations on putting this step forward. it is needed, in my gut opinion,

anyway. >> thank you. >> those are my two cents. what does your gut tell you? do you agree with the plan in new jersey to ban specific trash talking as it relates to gender, religion, sexual orientation. you heard the list there. go to facebook.com/newsnation to cast that vote. that does it for this edition of "news nation." i'm tamron hall. thanks for joining us. "the cycle" is up next. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone

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yes, it's summertime, and we're an hour before the closing bell. the markets are mixed after thursday's selloff. the markets are mixed right now with the dow and the s&p up only slightly. a far cry from the two-day plunge wednesday and thursday. the dow suffered its biggest loss of the year thursday, wiping out all gains from may and june. remember, just three weeks ago the dow had hit a record high, but then wednesday fed reserve chairman ben bernanke hinted that he'll start to wind down the government's massive money printing program as early as this year, sparking the stack market selloff. so what's it mean for all of us? let's be honest, at the end of the day, that's all that really matters. what it says for us. for answers, let's welcome rick newman, a columnist at yahoo!