good morning. i'm chris jansing reporting live from detroit. we are just moments away from hearing from governor rick snyder. he is going to give us the latest on detroit. the country's fourth largest city filing for bankruptcy. this has been absolutely devastating. this is a city that personifies urban blight. when you look at the statistics they are impressing and astonishing. let me give you a sense what is happening in detroit. this is a city whose population has been in decline. about the same now as it was in 1910, about 17,000 people. unemployment over 16%. 78,000 homes are abandoned. the governor says the city can't meet its obligation and cites a list of disturbing staes ining . the average time for police to respond to what is considered a high priority emergency, 58 minutes. more than 50% of parks have closed since 2008.

40% of the street lights in the city of detroit don't even work. i want to bring in our panel, jared burnstein is msnbc contributor and thomas sa grew is a native and author of this book. gentleman, good morning. it's good to see both of you. thomas, i want to give people a sense of detroit who haven't been here before. i went down to a place that is well known in this area yesterday. it's a barbecue joined called slow's. guys many years ago decided he was going to revitalize this one section of detroit. people go to that restaurant and bar across the street but when you look around everything is abandoned. when you drive into detroit, you see abandoned buildings everywhere. when i came in in the morning, this is the first major city i've been in in a long time where there was no such thing as rush hour traffic. give people a sense where

detroit is now, thomas. >> detroit has been devastated by disinvestment, a massive loss of population, and assort problems with infrastructure the last 60 years. across from slow's barbecue is the michigan central train station and now abandonedesque and standing open to the elements. detroit was the center of the american automobile industry and it was devastated by the steady flight of jobs to low wage regions in the 150s and beginning in the '60s and accelerating the last 60 year. >> i look at that train station. i took a picture of a yesterday. it was like being hit in the gut. it's so beautiful, yet, as you say, it's completely abandoned. jared, i think talking to people around here, nobody, obviously, is priced that this has happened. that doesn't mean it hurts any less. either for the people who still live here or the people who

loved detroit and who love this state. is bankruptcy going to be the answer? >> i think bankruptcy can help in certain cases to provide a clean start, but there are too many sunny comments to that effect in this morning's paper. people saying, this is great, we will get to shed our debt and start over again. is there a whole lot of pain in between now and then. of course, creditors are going to be fighting over who gets a haircut on loans to the city. but the real victims are going to be people who are essentially going to see their contracts with detroit broken. pensioners, public sector workers, folks in unions. many of the public citizens of detroit who had some context to the city's public sector, they are going to be hurt by this big tichlt. >> time. >> let's talk about who is going

to get hurt in the weeds. the bankruptcy they filed for, any kind of positive impact it has is going to be slow even if no one decided to contest it, it would be slow, right? >> yes. if this takes a year or less, i'll be pretty amazed. now it is the case that tsh without getting into the weeds, this is chapter 9 versus chapter 11 and aspects of chapter 9 are milder. that is the municipal bankruptcy than, say, a corporation. under this type of bankruptcy, under chapter 9, the city doesn't necessarily have to liquidate its holdings to sell to creditors. the emergency manager apparently yesterday called up the detroit institute of art, the dia, and asked them for their inventory. that sounds a lot like a liquidation plan. >> yeah. one of the ironies of this as i sit in the motor city, that the cheaper cars, the more dependable cars that they

started to produce that all around the country helped, at least in part, to start sort of this usualin' plight. people going to the suburbs and then the exurbs to get more space. michigan and detroit particularly has been hurt hardest by this. the president pushed hard for the auto bailout. i know the white house says he is watching this very closely. let me play for you a little bit of what the president has had to say. >> and it's hard to run away from a position when you're on videotape saying, let detroit go bankrupt. but, you've got to own what you say. this isn't a game. these are people's jobs at stake. these are people's lives. when i made the decision to rescue the auto industry, it wasn't popular. even here in ohio.

>> jared, what can government do? what can perhaps the federal government do? >> well, the problem with autos is that the city just never really diversified and so as thomas was saying earlier, the fact that it's kind of still been an industry town with all of this globalization and the loss of jobs, not only to southern states, but to global markets, has hurt detroit. the federal government can, of course, sweep in and help the situation. it can help by bailing out or offsetting some of the credit losses, but i don't think that's likely in this case. i think what we are more likely to do is see this go through a chapter 9 bankruptcy in court and it's going to take a while and a lot of fighting over who gets what. >> i want to bring in former

republican governor john englar. thank you for joining us. >> good morning, chris. >> let me ask you what is on everyone's mind. what do you think about this bankruptcy and will it make a difference? can detroit be saved? >> i think, of course, detroit can be saved but this is the end of a long process, a long slow decline and probably a lot of decisions that were unable to be made for all kinds of reasons that developed over time and now we are at the end where there is 18 billion to $20 billion of debt and no way to service that debt. and it's going to be very, very painful. general motors bankruptcy and chrysler bankruptcy. i was on the board when we had to go through bankruptcy and the airline emerged and at that time independent and stronger and ultimately merged with delta.

this is not a pleasant process. i think they deserve in facing up to this and they have provided accounting and unfortunately detroit not the only city like this and unfortunately maybe the only state. we will learn from this and it's going hob hard and difficult and painful. >> it's not the first city to file for bankruptcy. >> not at all. by far the largest. >> they have seen others. we have seen others, as you say, for example, the auto industry come out of bankruptcy and even though those aren't analogous situations and much will be learned from this, are there lessons that you have learned about how this can work, how it can be approached? do taxes have to go up? where do you even start? >> i think what is sad is that, you know, a lot of times the auto industry gets blamed. you're so reliant. that is true. michigan and detroit have been helpful reliant on the motor industry but, of course, imagine michigan or detroit without the

automotive industry. you would have been a lot poor earlier, a lot less, i guess, well off during those good times. but it's about leadership and about management and about making decisions when the state, back in the '90s, was changing its public employee pension systems, the local governments were still increasing benefits and not funding systems. so that's a contributor. there is a lot of management. i mean, corruption plays some role, but it's not -- you know, it's a part of, i think, the undermining of leadership and public confidence. there is a lot of pride in detroit. a lot of sense that, hey, stop giving us advice, we will handle this. it turns out it wasn't handled very well. i think one of the things that governor snyder has done courageously with the cooperation of legislature. what are the true obligations

and i think congress needs to do when it comes to the future of programs like medicare and social security. you can see what happens public official with public responsibilities keep putting off the day of decision. detroit got to the point where the day of decision had to be now and couldn't be delayed any longer. >> when you talk about contributing factors, one of the things that always strikes me when i come to detroit is how sprawling it is. i think it's like 140 square miles and that you could fit of cities of manhattan and boston and san francisco all inside this city with room to spare. i mean, is that part of both its greatness and its problems? uchlt >> i go back probably 20 years and detroit passed a balance and a half bond issue to upgrade nair schools. it took a long time to get even some of that spent.

when the spending began, they were sprinkling around the city versus concentrating working from strength. now i think is there a strategy that is emerging that views the woodward corridor and the waterfront as areas of strength and you sort of build from that strength as you go up woodward and you gets the arts area and the wayne state university medical center complex, you get an area of strength there. within that where wayne state has actually been providing the security, you've got some hos g i housing values that have gone up. i heard over the weekend people getting their bids down and found out their bids weren't good enough on property. what you're pointing out is the vast territory of the city and the city has been reluctant to say that the last or the last two homeowners, look, let's come up with a strategy where we can help you be in a different area so we can take this sort of block or five blocks offline.

the other thing that has gone on, i think, over the years has been an inability for the leadership within the community to set priorities and engage everybody at all levels in terms of the services we have are under stress because of the cost of providing them but what we are providing, can we be excellent? can we shed those things? back during the he was governor, we actually had a proposal worked out where the detroit power department could have been transferred to one of the utilities. at the time, that was described, well, that is one of our crown jewels, we couldn't possibly give that up. well, today is going to be transferred in bankruptcy and simply be shut down. there is literally no value. some of the park land, same thing. state came in and wanted to be a partner but it was deemed by the city to be their control, so no dice on those kind of decisions.

it's just a lot of things. at the time, one decision or a second decision. they don't seem so major but when you aggregate them over decades, you end up where we are today. >> governor engler thank you so much. we will take a break as we wait for the governor to come to the microphone and talk about the bankruptcy of the city of detroit. we will twaeake a break. [ command center ] this is command center.

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as far as things are concerned for the vision of services and the conduct of city business, it is business in the ordinary course. services will remain open. paychecks will be made and bills

will be paid. nothing changes from the standpoint of the ordinary citizens perspective. >> back live in detroit. that is the city manager who has the unenviable job to help this once great city get back on its feet. as we continue to wait for governor rick snyder, we are hearing via the associated press that he has said this morning that it's very possible that some of these 100,000 creditors of detroit may never see any of their money. as we wait for the news conference to begin, both with kevin orr and governor snyder, we will take it back to the studio where richard lui is standing by some of the day's headlines. >> here are some of the other stories we are following this hour. fallout from boston magazine's release of photos of marathon bombing suspect dzhokhar tsarnaev during his surrender. the massachusetts state police sergeant who took the photos has been suspended and faces a sp n

disciplinary hearing next week. sergeant murphy gave them the photos of the release of the "rolling stone" photo. murphy saying, in part. i believe the image was an insult to any person who has ever worn a uniform of any color. i thep the people who see these images will know that this was real. it was as real as it gets. unquote. the murder and racketeering trial of james "whitey" bulger has transfixed the city of boston this summer and one man who openly despised bulger and hoped to testify has been found dead. staev >> reporter: steven owned a liquor store in boston's south end during whitey bulger's hey day. he told police and investigators whitey came to his crowd and in front of his daughter gave him a choice at gun point.

his store or his life and rakes accepted the bid. after waiting decades to face bulger in court, rakes told he wouldn't be called by prosecutors on tuesday. and then wednesday, according to police, rakes was found dead in suburban lincoln, massachusetts. >> he was on the side of the road. so i said to myself, he either had a heart attack or something. or the heat got him. >> reporter: an autopsy found no visible signs of trauma. toxicology tests have begun but the cause of death is still under investigation. howie carr spoke to rakes just days ago and said that he appeared healthy and wanted to have his say against bulger. >> he wanted to rub his nose in it and teach him a lesson. and it's quite unfortunate that he never got a chance to do that because i think it would have been -- it would have fulfilled his lifetime dream. >> reporter: in court thursday, a dramatic face-off. 83-year-old bulger and 79-year-old steven, the rifleman

fleming, alleged partners in crime saw each other for the first time in 18 years. and fleming started with a bang saying bulger was a fellow informant for the fbi. he is perhaps the most important witness in the case which features 19 murder charges against bulger. >> he ties white yooi iny into fbi informant, in other words, a rat. number two, being a guy that kills women. >> that was stephanie gosk reporting for us. we take it back to detroit with chris jansing. >> the news conference has begun. we will will live for it again. the governor snyder and the emergency manager here, kevin ork orr. >> they agreed to give us a discount on the swap obligation we have some in the neighborhood of $350 million which was signed

years and years ago. the total value of that resolution to the city is somewhere in the neighborhood of $75 million to $80 plus the $180 million we get for secured party agreeing to give up their security interest. that's why we did that deal. [ inaudible question ] >> i'd be happy to listen to any other plan someone can come up with given the restraints we are working under. the reality is with $12 billion in unsecured debt, there is precious little we can do. >> you presented a plan in terms of investment in the city and different things to do to really invest in the city of detroit. how does this bankruptcy help achieve those goals and really maybe --? bankruptcy, as i've said it time and again. bankruptcy is a tool in our tool box to get at the goals that we want to achieve and the proposal that we made on june 14th. in response to your question, it

gives us breathing room. as you know, we were being sued almost on a weekly basis and that is the very thing i asked, i pleaded for not to happen. i had asked to have a consensual resolution. no whatever reason people decided that is not what they wanted to do. number two, it gives us a forum to bring all parties in. a significant percentage of parties that we have to speak to are unrepresented, the retirees. what you will see in the papers we are filing is a request by the court to appoint we as a retiring committee so we will have somebody to speak to. i recognize some will say that is not a smart move. you are asking to appoint an opponent in your case but we think that is fair and in addition, in freeing up the cash flow, it allows us to focus on the key issue that the governor has reiterated again and again. the health and safety and welfare of 700,000 citizens in

the city of detroit. there are 19,727 retirees but 700 citizens who don't deserve a 55-minute response time, who don't deserve blight and crime and don't deserve no hope and future and continue debt over debt and debt and borrowing so we have to do this in some fashion and bankruptcy will allow us to achieve that in some way. [ inaudible question ] >> what shocked you most? was there a particular element? >> i think the depth and some of the problems. what shocked me was the numbers. you can but zeros behind digits and get more numbers. what shocked me was the tolerance of this behavior for decades. this has been going on for a very long time and to say the least, it is, at best, unorthodoxed in terms of how these things were going. i know a lot of people are

outraged of my appointment. i wish there was outrage the last 10, 20 years. >> let me bring back our panel. former republican governor of michigan, john engler and jared bernstein. i think hearing from kevin orr, he isn't shuf if all of those 100,000 creditors are going to be paid. governor engler, let meet get your thoughts on that. how complicated this is and this city that means so much to you, what do you think the chances are that detroit will emerge strong? how difficult is this going to be? >> there is a lot of strength that is left in detroit that still there. the investments that dan gilbert has been making. the river front. those are important. there are a number of other

companies and investments that are there. i think you have to look at detroit and say what can we be going forward once we have shed this debt and how do we organize ourselves in way there is tremendous value? whether that is a massive enterprise zone concept, some way to look ahead. there's tremendous value still to be found in detroit. but kevyn orr is smart in the way he has approached this because he has looked at public safety. no question without public safety, nobody will be in detroit. the state has continued to make a substantial education. in some ways it resembles what took place in new orleans after

katrina. there's innovation taking place and there's some success stories to be pointing out. all of this has to come together. i mean, what has happened is that population has come down this year. other panels were talking about earlier the city gets older, it gets poorer and it gets less skilled. so the challenge is how do you triage that situation so the young people who are in school today can come out with skills and abilities to maybe continue their education or to learn a trade or a profession. that has to happen. you've got to work off the backlog and you've got to have safety. so all of this is where you have to use the resources that you'll have left. these pictures that you're showing on the screen as we are talking, you've got to figure out a way, and interesting strategies being talked about about land recommend lamation. you have to finance the cleaning up of detroit and there is a lot of opportunity for that that and

ways to begin that process. open up the land and get the tax costs down. the podium had a sign reinventing detroit. detroit very much can be a part of that because it sitz on an international border with one of the nation's best international airports a few miles away. there's a lot to build from but they have to get out from the crushing debt and they have to have a new vision and maybe it goes without saying but i will say it. you got to see from the city some leadership that emerges that cares more about the city than any other thing that they are doing and that has to be where their passion and their focus will be for a lot of years. >> thomas, as somebody who is from this city and wrote a book about this city, i understand a little bit, having come from the cleveland area, a city that was in pretty bad shape and has witnessed a kind of renaissance,

although it certainly was wasn't in the kind of condition that detroit finds itself in. i ask this in that spirit and not to be in any way sarcastic, but somebody might look at this and look at everything from the response time to the number of empty buildings in detroit and say, why is this city worth saving? why is it worth all this effort? what would you say to them? >> well, i think when we look at urban reinvention we focus on people like me, and cleveland is more appealing downtown than in years. in fact, detroit as the governor engler pointed out too but assumption putting up new tourist attractions and bringing in restaurant and artistic producers will elevate the entire city or the benefits will trickle down to the 700,000 or so residents living in ravaged neighborhood the last 60 or 70

years. that's going to be a very, very slow process. bringing coffee shops and casinos and even new office work do you want isn't going to recuperate the loss of massive tax dollars over the last 60 years. the fact that detroit has a population that is heavily working class and poor. the unemployment rates are in the mid teens and that doesn't include all the people who have given up looking for work altogether. there needs to be a wholesale work instead of gussying up downtown. ultimately we need to think about the long-term reinvention of detroit, michigan in terms of its effects on the majority of the population. >> beyond, that jared bernstein, what about the impact on the rest of the country? i ask this because you heard the governor say, look.

there may be lessons in this for other cities. this sadly probably won't be the last city across america that will have to file for bankruptcy. but what is the big picture here? fit it into our overall economy and what this means, jared. >> sure. you have to realize that the extent of detroit's indebtedness, their liabilities say on the pension side go far beyond almost any other american city i can think of. so there is a way in which detroit is, unfortunately, unique, but fortunate in the sense that few other cities face that kind of debt burden. but i do think that creditors will be watching carefully to see just who gets a haircut. the unsecured creditors, i think, as we heard the emergency manager say, will get a big one. the secured creditors, those folks are going to watch very closely because that left fiewi impact on the future bond

markets in the future. can i say something what thomas said? one thing -- you asked me this earlier, chris. what can the federal government do? i think it's very, very important to think about jobs for the population of detroit. the unemployment rate is very high there. the poverty rate is around 40%. i would love to see the federal government get behind a public jobs program for the unemployed in treat. there's a lot of work to do there and there's a lot of unemployed people. i see that as a nice marriage of a problem and a solution. >> this has been a fascinating conversation. jared and thomas and former governor john engler, thank you. we will continue to report on what happens at the news conference but the big headline they are not sure the 100,000 creditors are going to be paid. a long uphill climb for the city of detroit but one they are ready to take on, head on. i'm chris jansing live in

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walmart. just moments ago, we heard from detroit officials who said they had little option but to seek bankruptcy protection. take a listen. >> does anybody think our children should walk through the streets dark going home from school at night in october? does anybody they should call the police and not be able to come on time because they are already out on calls? no. so the doctrine of chapter 9 is designed to address those very questions. i recognize -- >> while in peril the big three automakers stand by the motor city. cnbc mandy drury is here what is moving your money at this hour. detroit seeks bankruptcy protection as we have been covering today, many asking the auto industry which is in the middle of a big comeback will they be hurt by this in the long run? >> the auto industry really made detroit famous and made it prosperous in years past. general motors which is the

detroit's big automaker and knows what it's like to go bankruptcy says we don't anticipate any impact to our daily operations or business outlooks. gm is proud to call detroit a home. gm is doing its part. as for chrysler group says it believes in the city of detroit and its people and they will continue to invest in the city and the residents there. and they are committed to playing a role in the revitalization. like gm, chrysler went through bankruptcy reorganization in 2009. and then there is ford which says they believe a strong detroit is critical for a strong michigan and our industry. the city has a difficult job ahead but they are optimistic. all of these words basically, they are coming out in support of the city and let's hope they can play their part as well. >> has this affected the markets at all based on these headlines? >> it's, obviously, a down day

in general for earning misses today from google and microsoft today. at this stage people are speculating it's a horrible thing to do which cities are also on the brink. >> we hope the best for detroit. mandy drury, thank you so much. moving to politics now. how about a king for president? republican congressman peter king of new york says he is considering a run for the white house. and he explained his reasons today on "morning joe." >> i've said i certainly would consider the race and the main reason right now is the shift in debate. it bothers me when the leading republicans out there, someone like rand paul, seems more concerned about an american being killed in starbucks by a cia drone than he is about islamic terrorism. >> let me bring in democratic strategist chris and republican

strategist susan. susan, we start with you. king coming out saying he wants to run for president. when you see his announcement is this about king and what he wants to do or does this tell you what the republican party is going through in the statements we heard? >> i think it's a combination of both. for him to run he would have to give up his congressional seat which we know how much he treasures after being chairman of the homeland security committee. the other thing about king, he is one of those large personalities. he almost has like a chris christieness to him in that people remember that he's a staunch conservative. however, he'll fight for new york. he wrinkled from feathers when can tcame to the sandy relief money and getting to new york and saying if you come to new york new yorkers won't back you which is pretty big. he has been reasonable on gun control. he supported the recent legislation that passed in the senate. >> he drew a line with ted cruz and rand paul saying that is not

who he wants to be. >> right. frankly those two are viewed as extremists in the party right now. people like that tend to go red hot and burn out. the fanct is that those two are out getting press for themselves and working on their own agenda and not working what is in the best interests of the party. >> what does king get throwing his hat in the ring right now even before the midterms? >> i think it's more so about attention. listen. we want to be really honest. he is not a viable candidate. it's difficult for any member of congress to run for president, especially one, i think, for the republican primary for the state of new york. i think he has a bit of a challenge there. this is what wrever to as a statement candidacy. he wants to make a statement what the republican party should be focusing on and i think it's also kind of a reflection of the split personality and the real strong divisions within the republican party that are kind of tearing it apart and from his

perspective, he wants to be a counterweight or at least a counterpoint to the cruz's and paul's he sees as extreme. i think the bigger problem it is indicative of how divided this republican party really is. >> when you look at that, susan, and as we were mentioning how c c -- let me list some of the places they are visiting. iowa today. both of them are. new hampshire and florida. also on the menu for cruz, he has visited south carolina. there is the map. at this moment the question might be he is forming first impressions here or is it too late for cruz to form first impressions in those states? >> he has only been a senator for a few months now. it's only been about six months. >> but very vocal. >> but very vocal. it makes sense for him. if you are looking out for ted cruz you look what is he is

doing. he is going to places where he will be welcomed and revered and probably raise money off of it too so it makes sense politically for him. >> chris, quickly on cruz, please? >> he is kind in this santorum mole. he will try to fill this conservative void that he sees the republican party having and in the 2016 race. he will make noise. you don't go to iowa and south carolina unless you're thinking about running. so he is going to be a problem for the republican party. if he runs, he is not going to win the nomination. but what he is going to do is force the republican party once again to go further and further to the right, which i will happy to say is good news for the democratic party. >> chris and susan, thank you so much on this friday. >> thank you, richard. >> thank you. while we have been taking a close look at the decline of the city of detroit, there are cities across the country where the average wage after worker is rising. the national average is also up almost 5% between the fourth quarters of 2011 and 2012.

number five for you provo, utah. wages rose 9.8%. fourth is fondulac, wisconsin. . vero beach is the runner up spot. in san francisco bay area, wages up due to the tech sector largely. the complete list is up at jansing at msnbc.com. without clogging pores. 100% free of oil, fragrance and dyes. oil free. worry free. [ female announcer ] oil free moisture. neutrogena®. because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. that's a good thing, but it doesn't cover everything.

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there's no doubt, that's definitely gonna throw him off. she's seen it too. oh this could be trouble. [ sentra lock noise ] oh man. gotta think fast, herbie. back pedal, back pedal. [ crowd cheering ] oh, he's down in flames and now the ice-cold shoulder. one last play... no, game over! gps take him to the dog house. [ male announcer ] make a powerful first impression. the all-new nissan sentra. ♪ ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaucoma,

or can not empty your bladder, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive, operate machinery or do unsafe tasks until you know how toviaz affects you. the most common side effects are dry mouth and constipation. talk to your doctor about toviaz. weekend of remembrances begins today in aurora, colorado. our own chris janss wag sent to the scene to report on that tragedy. here is today's flashback friday. >> good evening. i'm chris jansing coming to you live from aurora, colorado.

survive overs scribe chaos and confusion. >> i went up and down aisles shooting people. anybody who tried to escape, he would shoot. >> 12 people killed and 58 wounded in this tragedy. >> i didn't even know i was shot. you can see the two bullet holes there from the shrapnel and it's still in my arm. >> he knew what he was doing. this is not crazy. this is methodical. >> place say holmes died him sayer and identified himself as the joker. >> through the internet, he purchased over 6,000 rounds of ammunition. his apartment is boobytrapped with various incendiary and chemical devices. >> the trip wire was meant to kill whoever entered that door. >> if you think we are angry, we are sure as hell are angry. >> portraits emerging about these lives cut so brutally

short. >> john wanted to become a navy s.e.a.l.s. but his life ended in the line of fire here at home. >> what great hero. he is. he provided me the opportunity to survive. >> matt mcquinn took a bullet shielding his girlfriend and his brother. one pushed his girlfriend out of the way. >> the president flew here late this afternoon. he has been meeting with the families of the victims. >> i come to them not so much as president as i do as a father and as a husband. out of this darkness, a brighter day is going to come. >> well, this afternoon mayors against illegal guns mark the o day with reading of the victims. 12:38 is the moment that police say james holmes opened fire on aurora, colorado movie goers

watching the premiere of "the dark night rises." steven, thanks for joining us. according to your group, mayors against illegal guns 700,000 have been murdered by guns since the newtown massacre last december. when you think about this, is it best to address this issue on a federal or state or legal lolves y -- local levels? what is the strategy here? >> it's an issue that can be addressed all three levels. the bottom line we need federal action. colorado or connecticut or others can do little they can to to prevent gun violence. states with weaker laws will be the source of guns that will go to crime. we need a federal standard here when 2 comes to addressing gun violence. >> you were a part of that aurora, colorado massacre and you'll be remembering that tomorrow in a nearby park.

gun rights advocates will be hosting their own rally at the same time you'll be at your remembrance. the reactions have not all been positive. there is one colorado lawmaker has called this, quote, a slap in the face to those who lost loved ones. what is your thought? >> i respect their first amendment right to hold that rally as i expect the second amendment right to keep and bear arms. it's true. it's certainly a very sensitive moment and it's a very sensitive day and, you know, i would argue that it's not in the best taste, but i just encourage them to be respectful of the victims who will be there and who will be remembering their loved ones. >> stephen, james holmes, he goes to trial some time after next february, it's believed. are you and your fellow victims, those you have spoken with, ready for this trial to begin? >> i think so.

i mean, i don't think anyone is under any illusion that it's not going to be a lengthy process. but i think a lot of the survivors are looking forward to justice playing out. >> stephen, you had just graduated from syracuse university when you were shot and struck with 25 shotgun pellets in the face, neck, and chest and arms. a year later, how are you doing? >> you know, all things considered, i'm doing very well. most of those pellets have been removed from my body. there are still eight in me but they will always remain there. and my scars are healing and the nerve damage that i suffered has come, you know, a long way from where it was 12 months ago. so, you know, i'm just more than anything thankful to be sitting here talking to you today. >> so are we. stephen, thanks for being so strong throughout that time and moving forward in what you're doing. we appreciate your time today.

we will be right back. next minute i'm in the back of an ambulance having a heart attack. the emts gave me bayer aspirin. it helped save my life. i was in shape, fit. i did not see it coming. my doctor recommends i take bayer aspirin to help prevent another heart attack. [ male announcer ] aspirin is not appropriate for everyone so be sure to talk to your doctor before you begin an aspirin regimen. i've lived through a massive heart attack. i don't take life for granted. see your doctor and get checked out. ♪

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checking the news feed this morning for you. relief from the massive week-long heat wave is in sight. cooler temperatures will reach the upper great lakes today. the midwest tomorrow. the rest of the northeast on sunday. whee. today is the hottest with philadelphia and hartford and connectic connecticut. temperatures are concerned the mountain fire will continue to be fed. it's burning from palm springs where mandatoke any differencen under way. the 16-year-old and her 15-year-old classmate were the only two people who died at the airport. a third person died at a local

hospital. michael jackie's 82-year-old mother is set to testify in the case she brought. katherine jackson and jackson's kids sued the company. his mother will be the final plaintiff's witness in the billion dollar case. check out this hole in one from the british open in sco scotla scotland. thomas bjorn. watch the ball. straight into the camera lens and smash -- rather make that 80,000 camera. you won't get too much focus out of that going forward. that wraps up this hour of jansing and co. mara schiavocampo is up next in for thomas roberts. hey there. >> hey there. the agenda the next hour the once mighty motor city goes bust. michigan's governor rick snyder telling reporters he doesn't know if detroit's 100,000 plus

creditors will ever be paid. can the nation's motor city survive chapter 9 bankruptcy? florida governor rick scott standing behind his state's stand your ground law, despite the growing number of protesters camped outside his office. will rallies and ridgvigils imp the debate over gun control and race. a bombshell, a key witness found dead in the bulger trial. officials say it looks fishy. was he murdered to force his silence in the trial? that ahead in a few minutes. [ male announcer ] it's 7am and steve is already thinking about tomorrow. which is why he's investing in his heart health by eating kellogg's raisin bran®. good morning dad. hi, sweetie. [ male announcer ] here's another eye opener.

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hello, everyone. i'm mara schiavocampo in for thomas roberts. topping our agenda, detroit running on empty. >> bankruptcy is a term that none of us ever want to get to this point. now is our opportunity to stop 60 years of decline. >> what shocked me was the tolerance for this behavior for decades. i wish there would have been a

lot more outrage the past 10, 20 years. >> that is michigan governor rick snyder and emergency manager kevyn orr last hour talking about what next for the once mighty motor city. now the largest history in u.s. history to ever file for bankruptcy protection. the former heartbeat of america and the birth place of the auto industry is now in financial free-fall. in the heat of the 2012 presidential election president obama made a promise to bring detroit back from the brink. >> we refuse to throw in the towel and do nothing. we refuse to let detroit go bankrupt. i bet on american workers and american ingenuity and three years later, that bet is paying off in a big way. >> general motors got $50 billion of government support to help its way through bankruptcy. so far, nobody is offering detroit anything. >> the question now how do you save a city who