toure and chuck todd and stepn a. smithnd a w whole lot more. first,t, evy morning we starart with ourast forward ere we walk y you through the top stoririesof today. today fo top storieses incding presidenobama who is in itataly for hisirst g-8 summ. the worldconomy and climate change issn day's agenda but what t president wants fromom the group isis a toug statement iran. juststn as weust told yo the health care industry h has stru a mar deal with the obama admininistrati. vice preresident ben just anunced the hospitatals will commit to saving about $150 billioio over ten yeaears in or toelp pay for refor but is thth de firm? karl rove isis underath. that i is right. the man formerlrlnown as bush's brain justompleted tesestimony capitol hill w were cocongressnal lawyers asked him about his role ininhe firing nine u u. atattorney and henow has too back fo more. pluus, the gop still l les sarah h palin. that's right. believe it or not t goveveor's

surprprise resignation h boosted her ll numbers a ang reblicans. wewe've got re on that later i i the show. first, i wanant tontrode my guest co-hosos as youou've been watchining tis show, evevery rning, i inte a guesto-host to joioin me for the show. ththis moing is raysekoff. goodod to seyou. >> good to be here. >> we have a a lot to talk abou. did you watctch the ckson memorial yesterday? >>ard nott me and about billionn other people. >> what did d u makef that? wereou hapappy to e him honored? dodoou feel like, gosh,enough isnough someme. >> my r rctions range fr the sublime to thee rididiculous we could s start witthe sublime, if you want. as a fathe how could you not beoved by that. i'm a d. i have a 14-year-old andd 10-yeaold and to see his daughter up tre so passssionate talking about her dad, as a dad. that's the one thingng it's becomome a bitit of a clico you he was a sta but too u he wawas a faer and son and dad.

that broughtht it home thahat i was. it really broht back the hunity of micha jackson and mod the freak showart of it f to the side. >> i endededup in a strange place. a, he wasn't interested in tching but i'm not seone who watches the big events in the same way a l lot of people do. whenen i went back a watched a lot of it online i feltlt like n aeg very produced shsh. >> right. >>mpressive show but ultimatelyly maybeoo produced fo mm which i wantnt to honor this fire, arguab thehe grereatest entertner of all timm don'n' argue with that and a incrible philthropist. i sruggle withh th scene wre his 11-year-olold daughter spok. >> as youu looke at it,here was something strangnge abou it. i mean,,ou haave your middle-aged brothers dreressed t sameme and wearing the sameme g. a little strarae to see that. but that's'shat they've do theiwhole ves, wearing coststumes the whole lives andd dadancing in unin their whe lilivesso it seed strangely natural. found it t to be moving

yes, it was theatricic but their whole life wa it didn' seem out chararaer. >> what's intnteresti to me are we talkedd about how race has pled here and that e early onon i think a littttle bit off racece split here. i think afran-americans kindnd of juumped to h h defense and celebrated, if you will,ne of ououwn, although lots of people uld use the word "ouour." some nonafricacaamerics jumped there but not all. ee a little bit a geer lit. just t tking t a number of women i knowwho workere at nbc, tracycy, brandy, michelle, a couple of otherers who were al caught up inin it now as ey describebed kindf a soaoap oper and they wanted too hear more. where was ready tosay, no. they almost said, no.. in fact, there are p pts of e story, thehe family, wantt to h more aut the childrenn and wantededo he mo about thee, if if yoyou l wl, the ternity

of the cldren. it w w interting to me as i talked torobabl a couplele of dozen people today f fom a wide rae of backgrounds thatt i felt a ttle bit of a genender split there. >>hat for me is interesting th is one ofofhe few things ere a billion people. weon't have theseig collecective this anymore.e. we're in the 500 chahael universe andnd everydy is doing their thinin wthheir twitter and everything else. i think thisis is one o of the g ere everybody,y, excep for you, was watching. you tuned inn lar oror took it online. a lot of people, we had trtrendousraffic on huffgtonpost yesterday comining and wanting to watchhe clips d everything.g. i thinkwe live for the kind of things, sometetng we n all talk about. how many w water coor moments were there? here isverybody sayiying wh ababt when mariaiah carey had h dress downwn t herere. was thatright for a funeral? what about the whitite gloves? and corey femandressed like michael jackson. >> speaking of corey fldman and emmanu leles and all of the

sad reality showowhey've been having, , we have a lot mor to tatalk abou one of thehe headlin that people were calliling wat happened las nigh jackson memoririal. tually, millions of fann not only celebrate his murning but continue to folollow it even today. i wa to bri in musisi jonalist andpop cultuture expert touu w w is a nbc to talk abobout and bring in step a. smith t join theiscussion as wl. totoure, h closely did u watch yesterday'ss memorl and what are your thohts not only on what happened but whwh happe next? >> we, i an, yeah, iatched the olememorial. i thought it was realal tastefulul. i thought theone was rightht. re, a coup of performers i would kick off t ll, certainly different thanan the on you guys mentiononed. i thought it wawa real apprriate for the b bothers to show unityy in the yellow ties d wear the white gloves. i don't ink aything strange about a 60-year-old m mothe who is the brotherf a greaeast tertainer of al time s swing

homagegeo h brotheher wearing a whwhe glovin a m momentf buryryg his brother.. did i iuspect youo hear you sasay no moss to the michael jackcksoncoverage, carlos? did you realllly s th? > ah, i would say that i could deal witith less. as i'll say ler on in the show oras ing to say -- >> what t areou talking about, brother? >>ere is what i'm talking about.t. i'm talking about a a recesessin that inome areashas30% unemploymeme. i'm talkingabout crediditard fault rates that are going crazy anantalki about n nearly 10 million people thth could be out of their home inin t next 12 montnt. i'm saying you havave to honor e person on a number of different levels but a am i comfortae we've e ent tw weeks on michael jackso noi'm not when i know a lotf people will get kicked o of theihomes. that'shat m saing. >> dealt with-- i i think economic issues have b beenealt with ad nauseam since p phaps october. ththe c cuntry has nonot fortte thososthingsnd the country peaps needs a break to say

les talk abouout sething else for a ment. is is a person who has been with u uin our mind sspace, in oulives since 40, 45 years now. i mean,n, like, i rember the michaeael jackn saturday morning cartoon n sho "off the wall" being a grgrt momt in that era. "thrilr" changingmtv and chananging tha decece real. so, iean, michael jackson has been a hugee fure in our liv and d now it t te to say good-bye to o m. we need a momenthere! this inot like a quck, okokay -- >> toure, hold on! hold on!n! how much more of a moment dyou need? do youou need twowo mor weeks o moment? i'm rious i get that we need amoment and don't disagree and i say hohor the king of po but are you sasaying wshould spend another twweeks at the same inteteity or ywhereloseo it that we've spent over the last ,11 days? no, of cose notot. we've beenieving. this i is the en of it. perhapnot every sing person

isrieving but as a nation we've been m mrnin this ing. yeah, lolook. these arare showpeople, the jacksons.. do the want keep their momoment on sta going longnger than the next person would? su. michchl woulhave loved this whwholeig pgeantry at thehe stapaples ceer, a week and a half to almoststwo weeks befefr he i actually buriried. but, y know, he isuried now or at ast he will be burieie soon. he at leastt is buried in our minds,s,in o collectctive memor now. w is the time we statart to move on. there are e process and stages in t process of grieving. now we're going to start to the momove on stage. i kno thahat fore yesteterday, since the d d he ed, all i was listening to michael jackson rerds. young g uff, o the wall, dangers, thriller stuff and d even "you roc my world the day befofore the memororial peoples funeral i sasaid have to move on n d i got to move onn o drake and charlrles hamilton a the other things i love because can't just wallow i i michahael jacksoland forerer.

no, ing forward is a ststy we'll moveve on. >> clearly, ameri is not reready to make thhat move, t. if you look at t t t ten sales list it's s all michl. the number one is his numbeber e and number t two is "thriller."" impressive. 8f 10 if not 1 10of 10 now stephehen a., howclosel did you watch the merial yesterday y d what are yourthough now 12, hours or 2424 hour maybe later? >> i definitely watatched it ani definitely thoughtht iwas very tasteful the way they hdled evererything. no denying t tt. i got to admit to you, e even ai was watchiningit, as toucheds i was byhe ceremony and his lile daughter speaking a at the enen by a sharpton's s speech a lot of prformances bysher andd mariah carey andnd jejenni hudson and hers. i'm lookinat theourse of 1.5 llion r the fununeral and i think it's insa for anybody t be asking the public at lar to help for the funer. the lalast tim i check when folks pass away, usual it's

ththeir ve own famamily th ends up paying for the funeral. this is a gugu w're talking about, whethther or nohe is 500 million in d debt o ohether his estatete, how mu that is worth and things off that natur and this i is penniess compareded te of the financial,monetary issues that the jackson family now faces with his passing. the realality is that the ststaf california is under dirir circumstances rht n and 1.5 to 4 millionon is somethinin th fami can afford to pay. my heart goess out to them for losing michael jajackson but i don't think anybody y ould he to sttep forward and pay f this man's funeral. i think it'stterly ridicuculous that is even an issusue. >> we seen what happensns with e lalars. there wasn't gng to bee parade. i'in l.a., we ed our pade anand people stepped up. >> i'd l like t respond too tha as well. first,t, underand that but thatasn't a funeral, numbmb onone. number two, it w was a celebratation. number three, , it was a celebration because a teteam th you gogo out there and p patron ever daday b spends hundreds of

dollars s with thousanan of peoe filling the staples c center1 ghts a yearar they deservrv the worlrldchampshihi >> it didn't papay for the celebration is whatt'm saying. it was a celebration and ty wouldn pay for at. prive people stepped up. . >> i'm sayiyi that shouldn't ve to be t the cse where a funeral is concerned. >> hg oon, you guys. >> carlos! rlos! >> toure, wee haveo takake a ququk breaand come back on the her sid in fac onlyoing to get icier because guess whoo is going joinus? nenew york sator chuck humer. t go anywhere. yoreatching msnbclive. i'm carlosos watson.n. combination ofof senen tantalizing flavoror yo c catraves. frfrises signaturure bld. feed the senens.

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welcome back tosnbc live. i'm carlos watson. weere in thedst of a somewhat spirited conversation about miael jackson andhis lega and how much me time we

shou be spending talking about this. i'm joined by roy sekoff and a second co-host stephen smith andoined by toure. a music ntributor for "rolling stone." toure, what did you thin honestly now, en s michael's dauger stand up there and spk? >> i thoht it was a beautiful moment. if youidn't cry after that, you mitave the grinning gring and have no heart or a tiny heart. at was a very real moment. i'm sure was spontaneous. she was clrly fightg the urge to speak andighting against her emotions, but really wanted toy something,ou know? was so jackson, too, how she stts to speak and she's not at the right leve with the mike and eight nds reach out to the mike and adjust it for her cause we know how to do mikes this family! but, you know, i mean, she was real read from the het and litally and figuratively

emergedfrom behind the vl because she has always been veiled ande were never really tolly clear what she looked like. then she disappeared into janet's embrags. i'm like this familyoves each her. there ardeep bonds and ties here. >> wow. >> theare going to bond together. >> toure, i have to jump in. when i saw that part of my heart went out. but part of meust kind of said this is a show. no. >> that there was a part me that just took step back and said i dn't feel good about it. ev if -- >> i didn't feel that way. >> you didn't? >> i didnt. i thought it was entirely appropriate. obviously, you can'tegulate how somebo mourns aoved one. that was h daughter and she was with h all the time. he raisedher. she los him in her own way and she humanized micha jackson in a way that nobody else could have because she remindethe world that he was daddynd when you conside the alleged transgressions thahe may or

may not have committed, the fac at his daugertepped forward and saidthis is my daddy, reminded evybody that you kn what? michael jackson when i comes to ildren. >> carlos! carlos! >> yh, you kno >> i've got to goto maxreal quick. >> aolutely loving. bu i'm not sure about what h said about the wrem braces of family. theseids have been mad and lived in bahrain and vegas hotels and i d't think they know thisamily that ll. w are they suddenlwith the person they never called mom? they called their nanny mom >> we will contie the conversation and joined by the maging editor of "rolling stone." they are doing a mor cover story and overall dedicating an ise to michael jason's legacy, appropriately. so wwill be talking to ll, stephen d toure and others. right now a bpartisan tax force on.s. miation pty.

arguing that t failure to reform immigration ws and procedures notnly threatens that issue or the issues, but fact, the u.s. econo diplomacy and nationalsecurity. joining us now to talk about this is mackcclarty. he was chief of staff to present clinton during the early 1990s. good to see you. thank you for jning us. >> good to be with you. >> do youeally believe -- we've been talking out imgration here for a numb o and john mccain among other things stepped up t get something done the lt couple of years. is it believable we could pas major immigration reform this year including everything else president obama has the legislative enda? >> yes, it i the pridenas a fu agenda, as does the congress. this is an issue, ihink, we largely know wh the right elemen elements are of a comprehensive strate. i think you hit it jt right in your intro. what are we waitin on? i think it's ti to st up and

move forwardand i really do believe th the vast majory of americans if is issue is explned and discued properly winderstand and ree that it's in our national ierests to dso both from a security and ecomic issue and from our standing aund the world. i'mned today by a cple of guests. i'm joined by roy an stephen >> i'd like to know what your defition movingfoard is. when we talk aut addressing the issue of immigration reform, what do you me by that? >> fair estion. i think what we have now is a system that's not workg. i think critics a proponents agree with that. i think a large measure consensus to fix a broken system. one, i think it's to rulate e flow of immigrants. it's n just to open the gate but to regulate the flow, stepn, to match the job market heren the ited states.

secondly, iso have strong border enforcement, but to do it in the right way, resnsible way, hane way. and for the 12 million illegal immigrants that are living here, it's not optimum, b it's realit we do not need to ve them amnesty t do ne to give them a earned path toward becoming leg citizens. th's in our security ierest and in our economic interestses. that would be t elements of comprehensive package. >> mack, i apologize. only 30 seconds. how are you goi to respond when rush limbaugh an other conservatives enevidentably what is your response at allow some republicans that might want to vote r with this a cooperate with you to come into the tent and be part after soluti? >> good questi. i would underscore governor je bush is my co-chair and i'm proud of that. lef rened land is with the southern baptist contention -- convention.

there is a vocal minority th is ainst this but i think the overwhming majori isfor. approximate i thk it's good policy and good polics as well both for republicansand for democrats. >> mack, thank you so muchor joining us. i've got to as you, do you promise that youl come visit us here in new york in the studio nextime you're here? thanks for the iation and i'll take you up onit. >> look forward to it. have a good e. >> you to. ahe wwill talk with president ama's clost adviser on the health care issue. biden annocedhe health care induryill add another $155 billion in cuts. we'll see if that is true and real and when itwill show up. thdoctor diagnosed ararthris in my right knee.

bubuwith aleve, i dot t to worry aboumymy knees hurting. onlywo aleve cacastop pn all day. that wldake three tis s asany tylenol arriritis in. aleve workrks for e

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uila ily attending the g-8 summit. beyo the symbols tere is serious work ahead of the leaders of the industrialized cotries' meing. chuck toddis with the president and joins uslive now from rom i'm a little jealous. it looks beautiful out there. >> it is. it's unbelievable. beautiful suy weather. you know, we le finally one nny day in moscow but we had a lot of gray and raininess the and none o that he. >>chuck, how does esident obama's team feel abouthe two-day russian summit? did they feel tey walked away with originay more thanhey hoped for? >> i think we won't know. get a fir glimpsef what they might have gotten later toda at some point, the group of eight nations are going to put out a politic statement iran. and what th wording i how

tough it is, is it more an just, you knowhey, we want to make sure they are n vioting human rights and they are doing the willof the people and don't try to to have weonons of -- or somethi. if it's very milk toast langue ke the foign minister statement that came out from the collective group of eight nations, these ate industrializ nations, then it doesn'look like the preside made much progress wth russia. ihi it's a way of finding out maybe some progress was made. that's the fit glimpse. beyond that, though, carlos i think it's going to take a while. the president himself told me on the iran issue specificall you know, this is 30-year trading rtner withrussia. they're not ready to just throw iran under the bus. they have their issues with iran themselves. and they certainly aren't excited abouthe idea of a nuclear ar race taking place in the middle east and possibly spreading to closeo their

border, but they alo, ankly, like the facthat theyave a good relationship with ira and we don't. >> cck, i'm ined here by r ff who has a qstn for you. >> chuck, i wanted to get a vibe of what the president was feeling li. when he is away, all of these thgs are happening. yestday, raum emanuel made a big statemen about the possible end of the blic option and obama ha to walk it back from ssia that's quit walk. is he feeng like what is going on when i'm out of here? >> well, iell you is. this is the ft we wrote about this earlier today on "first read." of the four jor international trips he has ne, the fst the alleemed to give the president boost mestically, whher thelatin amica trip or europeanrip or one tt inuded the bigairo speech. this is the first one wre he leaveshe states and, all of a sudd, it seems like everything is not -- coming art too stng of a wordut all of a

sudd he is having to al with the debate about a second stimulus, having to walk back word not just from his chief of staff but s vice presint on the idea that they misread the initl economic forecast when they did the first stimulus. now he is having this, you know, a mar y in health care reform. the white house really wants to t fired up about this deal with the hospitals d, yet, one is going to pay attention because the presidenishere, not there. >> chuck todd in rome, jo. joy it for usnd beafe and be well. coming uew york senator chuckschumer weighing in on health care. are democrats about to get feisty with republins and mae shut them out of the process? we'll talk about that live with chuck schumer sraight ead. you'reatching msnbc live. i'm carlos watson. kind of cocoider mself a robinhood of the directing worl

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departme of energy reported a gasoline supplies grew by 1.9 millio barrels. big swing il prices in recent moths. let's go cnbc son epperson. before we art, haveto run this piece. jim cramer yesterdayon cnbc was ale on this issue. let's runit real quick and talk about it. >> the oil futures rket? it's a total farce! even i, seone w aepts that however awful it might be, a certain aunt ofegal manipulation i always going to be iherent in the game. because the regulato are almost totally captured by the financiaindustry, ev i am completely stued and outraged by the phoness of this oil tures market which is a total travesty of a mockery a sham! >> a total travesty of a moery

of a sham. it wouldhave taken roy and stephen to put thatogether normally. sharon, how bad is it? i know a year ago cgress talked about the possibility of regulating the oil futures market, feeling thatome of ese guys weremaniputing prices and driving them up. well, the congressdid that and so did the government in terms of the comdity futures commission looki at whher or not they were going to investigate further about speculation. they didhat last may, said they were going to launch investigation and oil pric still rallied for six weeks aftethat. nowe have a new person at the helm of the cfpc andhe wants to lean and just consider whetr or not they should put pition limits in place and whethe tighter regulations in place. frce, britain looking thereoe more of an internatnal agreement onhe gulations that should be impod. the issue that a lot of traders here on thtrading floor that i talk about son which is the fact that if you do this, what will happen tohe volume and the liquidity as ty call

sh t, the amont of flow that is here and where will that money go likely go overseas and could see more volality. >> sharon, do the traders think that if we don't put y limits on, we could see 4 dollar gallon gas this year? >> that would take demand comi back quite a bit and n't think anody thinks that is cong very soon. demand isvery poor and job losses continu to mou and having big effct on demand so doubtful we will see g prices at $4 tis year. >> sharon, thank you so much. president obama reignited thimmigrationbate prome to get wrk passed this year. erythi else on his agenda is he literally crazy to take this up this year? joining us now is democrati congressmanavier favera fom california a joined b my guest co-host today, roy sekoff.

congressman, we know tha migration is an iportant issue and ow the peopleave tried to work it for a number of years but haven't en maj reform in almost 25 years. is it realistic to put it on the presidens agenda and cogress' agenda this fall, majo reform to legislation? >> i don't think we have any choice. has been broken for many, many years. any me you have som10 or 1 people livgn the shadows not knowing who they are or what they will do, you need to have some sense ofow to fixhe system. most of e ideas that really give you a ssible solution are out there. i think we can do it. it'scramped schedule but the prident has said he is going have ambitiou agenda and work with him tomake it hapen. >>congran, stephen has a queson for you. >> i'm wonring if you guys do have a clue on w to fix e system? like youaid, it's been bad for exactly what do you think i will take to fix it? >> ephen, the solution is pretty evident. one, y need to do bette at

enforcing our laws on people who can come into the country. both at the bord and in the interior. two, you have to do aetter job the interior sidey making su that employers don't give peop the incentito cross into our country without documents. the y do you that isto not only penalize th immigrant but penalize unscrulous qloirs employs who are giving jobs to folks who don' deserve to be the ountry. we have people living me for years and owning homes and starting businesses and now having children and gone on to college who don't ve documents. we have to figure out a way to regularize their sta and otherwise we continue wh the system that continuesbe poorest and not solve the problems. right now, with unemployment so high whave to figure out a way to tell americans a job is raeted itl be there for someone who has a right to take it. >> sounds simple to meut if that were the case why has it not been xed yet? these sound simple lutions. whats the hold p? >> a big issu that some crying

out it's called call amsty. amnesty foreople who don have a rig toet anything f having broken the laws. theeality is that people did come intohis cotry without documents. but the problem is,of course, we participated in th tang for years,e've allowed peop to pic up ourishes at the restaurant and take care of our ki and our grandparentsnd the senior homes. we've allowed people to mow o lawns. we know at folks ar here without docunts. now can't just say all of a sudden we're going to kick them out if they've t children who are citizens, they've got businesses and all othe rest, they are people wh come here and don't have any rgh to be here. a lot of folks just me into the country and people wanto see us harm but theeality is it would take us about two centuries to somehow dort 10 milln to 11 million people. reality says let's come up wh a rationa solution. if we can enforce theboers and tougher on work places and don't bring in t ma magt of bringingn undocumented immigrants we'llind a solution

and dealenly with the issue of ose whoave been here lg enough and pay taxes and they will learn english a if they want to, do all of those things, then maybe they n staynd be citizens. >> whave tlet you go, coressman. we know u're a stanford alum. are e cardinal going toake a return this year on the fooall field or basketball court some. >> they've done well on the sketball court but footballs ugher. we he straight atudents doing great jobs. i think you'll see stanford there all the time. ncaa will se the cardinal wearing some kind o champiip ring at some point. >> i' hoful. stephen a. smith is doubtful. my definition of th national championship that ain't going to happen. >>alking about the sports thg. asking obama too immigration is like asking him to hit a home run and steal a base an then throw a itter in theam game >> great to have you. >> thank for having me. >>up ext, senator uck schumer and, in fact, aig announcement from the wte house today.

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welce msnbc live. i'm carlos watson. we willbe joined in moments by snorsenator chuck scher and talk aboutheal care and sotomayor andhether or not democrats will give up hopes on bipartisanship t only on health care but other arenas. we first heard rahm emanuel say e pu option could come off the table. then obama said, that's not right. said it e from overseas. yesterday, the senate majoty leader harry reid stepped forward and towed the senate

senior to stop asing republicans and if they are are not willg to do deals we have to get something done. do youhink that is where democrats ed to be all ng? >> clearly this is wheree're coming downto. this is a real test. the question are we going to get refo or d.c. reform? right? if you remember, d. reformis wh you don't get reform. you remember frank unn had a 26-page me and told republicans how to fight it and this is what he sai u must be vally and passionately o the si of reform. side of reform which is no reform. we are seeing unprecedented amount of lobbying on this ise. incredible. think about these numbers. 350 former memrs of congress or staffs have been hired to y to come against and try to op what we're talking about in reform, including six former staffers of maxbackus who you're talng about whoarry reid gavthe wordto. >> aos as many members in e

hourpts which has 45. we will be joined by new york senator chuck scmer when we come back and one of obama's clost advisers on thisissue. u're watching msnbc liv i'm carlos watso i could get up easier, like now, that i took aleve. see, i could get up.p. e how-- see? whereas if i did not ha it, i would, uh, li this, oh-oh-oh. ononly t aleve can ststop pn n l day. th would take six tylenoarthritis pain. thiseels good! ( lalahing ) with annuities fm fidelity. turn your savings into income -- guaranteed, and gea retirement "paycheck" for life -- guaranteed. call..

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you're watchg msnbc live. i'm carlos watson. striking a deal to push for health care reform. the nation is hospitals are adding u $1 billion t get the unind millions ofmericans covered. vice presidentbiden says the hospitals areeady to do tir part >> today's annncement, i believe, represents an essential -- represents the essential re hospitals play in making reform a reality. and a reality wille we mus enact this reform this year. we must ande will enact reform

the end of august. >> linda dolas is a communicationsirector for the white house oice of health care rerm. good to e you again. >> thanks r having me. >> when we hea the numbers, $80 billion we heard a couple of weeks or the 1 a -- 155 billion i think two queions come up. at is 155 billio really mean? where is tha coming from? number two, how do we know if they are the t money wi actually end up as real savings and won't just be a promise a little bit like the aig bones that we ssed to b retued which never really go returned? >> fir of al what islearly as you rightly point out the pharmaceutical industrhas agreedo make reductions in federal health care speing of $80 billion. the hospals today 155 biion dollar they are seeing t effect of risi ct as much as erican families and businesseare seeing. it's crushing t heal care industry wel these are savings that woul be inlegislation. whatter taing about is

policies that would beco law that would require reductions in federal alth carespending on medicarend medicaid where there is a tremendous amount of waste right now >>forgive me. let just maure i undersndou. so what u're saying is the hospitals and theharmactical companies aragreeing that if my m, for example, who is on medicare, normly, her bill woulde reimbursed a dollar for a dollar that they argoing to be wilng to take 90 cents or 95 cents instead of a dollarf hat specifically medicare and medicaid they e taking less money and signing up for this . >> the detai of exaly how this works are being worked out in the finance committee now. whathey are talking about is ducing a lot of wte. there knowledged waste that theealth care indusy itsel hasacknowledged. u may remembe that last month, many sectors of the heal care industry came to the president d volunteered to start makinedtions in the private health re market. so these are seps they can take

inside the federal heal care spending pro to reduce waste towaste, t begin to bring spending more in line with what i the kind of spending that good for quality of e, care that is focused on the whole patient care that is not engaged in all kinds of wasteful practices. >> right. >> the indtry itself admits exists this enormous amount waste and ty are pledging to tackle that in legiation. >>linda douglass at the white housoffice for health care reform, thank yoso much for joining us today. >> thank you. >> have a goodone. how will the media continue to cover theing of pop? joining us is the managing editor of of my favorite magazine "rolling stone," blishing a special coemorative issue on michael jackson thismonth. talk to me a little bit about your thoughts o the michael jackson story and whether or not we, in the media, have extent?erethe story to some >>hais a tough call tomake becae, you know, michael jackson was theiggest star in the world and he died a ockinging and surpring way

and hislife, you ow,almost impossible to gather who this y was, who he s 15, 25 to who was at 45. yes, on the one hand it is a fainating story. >> anythins you put together this commemorative issue, anything that genuinely surprised but michael, the ory? >> funny, seems like a reay ous thing to do listening to his music for full ten day like we did you really realize how good he was when he w good. you forgot. those songs became kind of wallpaper to the world. >> 20 top ten hits. >> you know,very time y went towalmart it was playing in the background, practically. it was every were u lost sense it as a peas of music. >> even from the time he was 12, bc," "the dancing machine," "offhe wall" you listen to . >> "off e wall" was great disco music. he added something to it.

>> always ha to talk abt who fills someon shoes, right, whether it isn orts, politics, what have you, who potentially fil miael's shs? anybody you see on the horizon that you thk could be that lel of a global music superstar and icon selling 1 billion aums? >> i don't think this it is there michael not come out of the blue with "thriller" a ar sin he was 8 years old. first of all, he d that ten years. everyone in americknew who he was before was the biggest ar in america. so i think it i going to be really hard to pull that off. >> i think it is a fascinating question. is he the la american entertainment icn? because heres the way i look at a it, right now, with the twittering and the tmz and the people down to rt quicker. we s the strings that they are flting on up in the air. is interesting, we make people -- you canecome a star with less now, youe eight kids, u are on the cover of "people" but can you ever get that big again? i don't know. he make the last enter tapement icon >> i thinkhat is t sime to

sa >> i'm a simple guy. >> going to be ve different kinds of ons. >> meaning what? >> meaanye west will me an ic in his own way, never going sell 1 billion records. as ts guyoes along 15, 20 years from now, get more interesting - >> rldwid that bi look at theeople thatlew in from japan, russia. >> the naturis going to change. they will beconic but on a smaller level. >> that high, thatevel of worldwide renown, i don't know if it is possible. >> barack obama. >> tt is why i say entertainment. that was definitely there. >> thank you so mu. this was great >> awesome is. >>hank y for doing t we are going to do it again. >>time for my daily big thought what we have been call here my cnow. goal back to micha jackson. i have to b honest, many ways as i have aid, i'm ady to move on from thetense mha jason focus, not sying he should be honor. i clearly think should, not

only bause of his skills as an tist but some of phanthropic and some of the barrier-breaking things he did but hostly perplexed how much time all o us have spent given all the crazy difcuies to out there in the wod. now, some of my guests today suggesd that maybe we need that distraction,mae we need a rty to celebrate someone that was that pecial, maybe we do i he t admit th i'm hoping some of ourleaders, whether they are electedr not wi step up andint outth there e almost 10 million families over t next 90 days are on the bnk. when i y on the ink, not just talking unemployment, but the cover story today about the numb of credit rd defaults, talking about home foreosures. so, it is my hope in many ways energy t w that bobby nnedy did in 1968 when mlk died in diffificult night in indiana, not oly is that a tragedy but need to e it as a teachable mo moment to focus on the laer things. i woulbe helpful that happens the next severaldays. looking not jus to hear it from

membof congress but mothers the media and elsewhere th might be part of that laer resetting of the conversati. that is it for today. tomorrow, we have got ea s. stuff ahead, don't misst senator chuck schumer will be our guest. will also talk to governor deval patrick and a numb of others. athis point, dr. nancy snyderman picks up our coverage om here. nancy, what you have? >> hi, carlos n a few minutes a majornnouncement at the white house. hospitals say they are ready to pony up and come to the table, all in the name of health care reform, but is i enough to kp that momentum going in coness? and how safe is your foo in the obama administration says it is goi toveal newafety standards aimeat saving lives. we will look at wether the new guidelines go far enough. and a new move in california tolegalize rijuana. could the state's budt crisis bethe spark that put these pro-t forces right in front of eryone's faces? we are appaching noon.

the doctor isin, right here on msnbc. i will see y in just a minute ter this quick break.

coming up today on "dr. nancy" just announced, hitals are cougngp big money to help p for health care reform. $1 billion over ten years. but will i pick up the biggest tab for americans to get universal coverage? and the obama administration is taking aim at eggs. new food safety guideli that say they will decrease the amount of salmonella illnesses in this country. those illnesses affect 80,0 americans a year plus this -- >> we are marijuana consumers. insteaof being treated like criminalfor using a subst safer thanalcohol, we wan to pay our fair she. >> a n effort aimedt a legalizing marijuana i california after decades of arguing thatotis