that was a guy that a lot of people identify with and say like this is the guy who played it the way it should be played. >> tim: he had many devotees as far as fans are concerned, but did he have as many devotees on the yankees? >> oh, yeah. in fact, you know, famously when reggie came to the team and di that magazine interview about i'm the straw that stirs the drink, thurman can only stir it bad, suddenly he had 33 new best friends on that ball club. >> tim: because he was the antithesis of reggie, right? >> yeah. he had been there, he was a player's player. he was already the captain. and here the new guy was like questioning his leadership and immediately everybody gravitated over to thurman's side. >> tim: even reggie -- >> oh, they patched things up

and reggie flew to appear at a testimonial dinner for thurman and even flew in his jet with him. >> tim: tippy, you never flew in thurman's jet with him? >> no, never had the pleasure, but i'm sure maybe if i had spent more time with the yankees i might have had a chance to do that. >> tim: you were traded in 1976? >> in '76. >> tim: to ' baltimore. so you were teammates with the orioles i guess. >> yeah, i had the pleasure to be with reggie for a short while as well. i got to know him enough, and he was quite interesting. >> tim: this is not a show about reggie, but this is a book about thurman munson. and talking about captains, i think you point out that not dimaggio, not mantle, not berra were thought of as captains. but when steinbrenner took over with dimaggio, mantle and berra, he wasn't the owner. but i guess he felt a need with

george's football mentality we needed a captain? >> a little bit actually, the position had been retired with the death of lou gehrig. joe mccarthy said with lou's passing, the position of captain dies with him, there will never be another one. now we fast forward to '76 and mr. steinbrenner brings up the idea of having a captain. he suggests it to billy martin. he does say, this doesn't always work and it's something for you to consider. so i was the only guy in the room who remembered this obscure little joe mccarthy note. and i brought it up, i said there's not supposed to be another captain. to his everlasting credit he said, well if joe mccarthy knew thurman munson he'd know this was the right time and the right time. a great answer. >> tim: in 1976 the yankees for the first time since 1964 are back in the world series. they're swept by the cincinnati

reds and the famous confrontation of really johnny bench and thurman munson. >> well, it wasn't bench and munson, but sparky anderson's praise on sparky intended it to insult him, but he was lavishing praise on bench and thurman said i don't have to sit here and take that. after getting swept four straight and embarrassed and i hit .529 and i have to hear that and people are going what he's talking about? what sparky said it wasn't clear but it was to thurman. >> tim: was this after spring? >> it was after the final game. >> tim: i see. thurman's reaction was very strong. was he jealous of bench? because i mean, johnny bench is the best catcher ever. >> no. where the jealousy came in was with carlton fisk, the rivalry

in the american league east. >> tim: to say they didn't like each other was an understatement. >> yeah. people think the yankee/red sox rivalry was forever, but it started when they got good in the '70's and the focal point was the rookie of the year captains. >> ultimately he would have saluted fiske forhe career he wound up having. but in the '70's thurman was never on the disabled list his entire year and fiske was almost all the time in the '70's. >> tim: we will be back to talk more with tippy martinez, the fine left-hander, almost say young because you look like you could still pitch, and marty appel. you still look you can do p.r. i think you are. >> chevrolet's "tim mccarver show" show is brouyou by chevy, an american revolution. introducing the all new chevy equinox. with an epa esmated 32 miles per gallon.

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♪ and there used to be a ballpark where the field was warm and green ♪ ♪ and the people played their crazy game ♪ ♪ with a joy i had never seen and the air was such a wonder ♪ ♪ from the hot dogs and the beer yes, there used to be ♪ >> tim: i am back with marty

appel with a new book on thurman munson and tippy martinez who once picked off three men in one inning. that's right, three runners from first base in one inning. we'll deviate from the thurman munson story and talk to tippy about not only picking -- where did you come up with such a good move? >> well, i didn't really have a good move, but, you know, tim, it just so happened we had guys in the wrong positions. i mean, i had -- i had one who never caught in his life, an amateur ballplayer who was catching and lowen stein playing second base and ryne i can playing third. i just some had i picked him off and the next guy i picked off. i can remember bobby cox hollering at the first base coach. i don't want the guy maybe six inches off the bag. i st -m i'm just tinnkinto myself, what are the chances of me picking off three guys.

let me get my best move. it was my best move and i picked him off because eddie just tagged the guy on the shoulder, here's the ball. that was my third out. and we win the game and i didn't want to go back out there. i did not nt to go back out. >> tim: i said we were going to deviate and the reason i said that was before this show started, you told me and marty about how you developed a curveball by reading about it in the -- in the encyclopedia. >> yeah. it's a small hick town, in colorado. you pronounce it la junta, colorado. one guy didn't want to teach anybody because i guess he didn't want ybody to be better than him. i went and looked it up and saw the foe show shots -- photo shots and i started to practice it and i got better and better >> tim: how old were you? >> i was maybe a sophomore. freshman/sophomore in high

school. and i used to throw the fastball with my whole hand. >> tim: yeah, you never threw the fastball properly until you were a senior. >> i got drafted as a senior and with the washington senators. he said, you don't real -- he said you can throw a fastball faster with three fingers than the whole hand. i thought i saw you throwing with the whole hand. yeah, i was. he says, well, just start doing that and you'll see what happens. so i did and i started to throw the ball faster. >> tim: the ball started to jump out of your hands. inact, the day that thurmanha munson was buried you were pic pitching for -- pitching for the baltimore orioles against the new york yankees and bobby mercer and you threw him a fastball away. >> yeah, that was a tough situation. we're talking about -- we're going back to 30 years that something has been in my heart for 30 years. it just happened marty and i got together and he wanted to talk to me. and we talked about it and i

said, you know, marty, i never told anybody this story. and i says i guess's time for me to tell this. i told him about it and that's when mercer came up to the plate and we just had a flash back -- i'm getting ahead of myself. but munson if anything, he's taught me an awful lot as far as respecting the game and what have you. i can remember as far as that slight moment when he taught me with ronald floor, when i could have gotten him out with the curveball and it kind of froze him at that moment. that just kind of -- you know, just that split second when you're on the mound and when i threw mercer two strikes of curveballs, it wasn't intentiolly for him to hit them. he had to hit a breaking ball. and i threw the fastball and didn't have to be a strike.

i wanted to throw a fastball in memory of thurman and i did. and it just so happened he took it down the left field line. and then won the game. i believe it was the game of the week and i kind of looked up in the air -- >> timmonday night game. >> yeah. i looked up in the air and it was thick and heavy and i'm sure everybody's hearts were so heavy. said, thurman, that was for you. they won the game and, you know, i don't want to cry because i'm going back 30 years here, but it was tough, it was a tough moment for me. i held that for 30 years until marty came up to me and we talked about it. >> for thurman, he thought i owe bobby this one fastball. not a batting practice pitch, but major league fastball. but years before thurman had given me the wisdom to respect the game, to let ronald have one

fastball with a 30-year hitting but i had the good breaking ball going. i threw some really good curveballs. just that split moment, that second, just kind of brought back that memory andreally the . >> tim: the memory also of five years earlier when you broke in with the yankees and thurman used to take you out to eat and he'd pay for it. >> thurman took me underneath his wing and i just loved being around the guy. i mean, we would be in the sauna room drinking beer and trying to lose weight, you know? thurman, what are you doing? well, he says, h, you look good, i don't, but this is what you do. just stay with me and, i mean, it was great. >> tim: that's wonderful. bel 'l back with tippy martinez and marty appel right after this.

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however, honda does make something that we just can't compete with. it's self-propelled. there's never been more reasons to look at chevy. >> tim: we have a photograph, a famous photograph as it turns out to be, from left to right. bill dickey, the tutor of yogi berra. both number 8, both hall of famers. on fstal howard and thurman munson. thd when i saystt' is gr p itohh aatos hdi a'tdnappen,'t marty appel was theublic relations ubdict odif the yankees at the time. ltrtod ure tourthmuran munson t of the clubhouse. at w wasching the three stooges, right? you know, big deal. two hall of famers and alston howard.

big deal. >> it was -- just because they named him captain didn't mean he was any more cooperative with the p.r. guy. but on this photo, this was the first time we ever had the four guys together. because yogi had been coaching and managing the mets. >> tim: the only photograph ever taken of the four? >> yes, the only time they were ever together. so i get dickie and i get berra and howard and i run into the clubhouse -- i told thurman about this a couple of days before hand. and one of the guys points and i go in, he's in his underwear watching the three stooges. thurman, i told you about the picture. i lead him to the locker and me gets his uniform. no thurman, no thurman, i'm losing it. i go back in the clubhouse and he's back watching the remainder of the three stooges episode which was obviously a really

good one. and -- [ laughter ] i finally get him out. we take the picture and it was a picture for the ages. it was a classic picture. >> tim: it is something that he proudly showed in his home, right? >> guy to canton the night -- i go to canton the nightefore the funeral three or four years later, i walked into his office and it's like an 18 x 27 framed up on the wall there. oh, thurman. he could be frustrating, but he was fun. >> tim: how many people tried to talk thurman out of flight his own plane? >> a lot of people did. i don't know much about aviation and when i heard this he got the jet which was only three weeks before he crashed it, my only reaction was i think people hire pilots when they do that. the prop plane was very good for him. it would get him home. people didn't realize for a couple of years after a night game at yankee stadium, he'd go to teterboro airport in new

jersey and he'd fly home to canton. nobody knew he was doing that three or four times a week. moving up to the jet, bobby mercer wouldn't fly with him. some people did. >> tim: lou piniella did. >> lou did and reggie did. >> tim: piniella was very impressed with his skills as a pilot. >> whe faa report had it as pilot error at the end and most people remember plane crash, pilot error, thurman dies. awful thing. but there was so much more to the story as it turned out because people forget that there were two passengers in there. and thurman's actions after the missteps saved their lives. he took that plane down and actually all three of them survived. jerry anderson sitting in the back seat said, oh, my god, we have survived a plane crash and, you know, there were errors, the

flaps weren't lowered, the air speed was too low, the altitude was wrong. but thurman he's -- he's managing. they're going along at high speed, but they're in this field. and if they hadn't hit a tree stump -- >> tim: tree stump, right. >> tree stump was the fatal moment, it hit the left wing, it jarred thurman's seat ands he paralyzed. the other two couldn't get him out and he was dead weight and that was the end of thurman. >> tim: what was the feeling like on the orioles that night with earl weaver as the manager? >> i really don't think we wanted to play either. we were hoping they'd cancel the game. and i mean, really nobody was saying anything. it was just -- dickie made the comment, tim, it was a strange night. mean, it was just weird. and the way things unfolded, and

the way things played out, i mean, even with as far as mercer getting three runs off of dennis and two runs off of me and to win the game. he got all five rbis to end the game in honor of thurman as well. everybody seemed to have some kind of a part in the script i guess you ght say or the way it unfolded. it was just -- it was quite -- >> mark belanger tried to get black arm bands for the -- >> didn't come through. >> didn't work out. >> tim: fate is very strange and we mentioned bobby mercer getting all five runs driven in as tippy did. we'll be back to talk more about bobby mercer. introducing the all new chevy equinox.

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>> tim: i'm back with marty appel and tippy martinez. marty, we were talking about bobby mercer and bobby mercer and kay and his family almost flew back to canton with thurman that night. >> well, thurman wanted them to, he had stayed with them and after the last game in chicago on wednesday night, the mercers drove thurman out to where his plane was -- his jet was and bobby going i'm not going up in that thing, thurman. >> tim: didn't bobby and his family drive down to tend of the runway and wave good-bye to them? >> it was actually the opening of the book because it felt like a scene from some 1950's movie with bobby and kay like waving as thurman took off. just a real american little tale of, you know, to open the book with.

>> tim: well, this book is an american tale and we'll be right back with a final segment with marty and tippy right after this. pharaohs servethe finest italian cuisine in a warm, cozy setting in manhattan. for an affordable and delectable business breakfast, lunch or dinner, pharaohs is open until 2:00 daily. well, do they know this malibu offers an epa estimated 33 mpg highway? eran a comparable toyota camry or honda accord? they're stunned. they can't believe it. they need a minute. i had a feeling they would. there's never been more reasons to look at chevy.

>> tim: just looking at this cover, the life and death of yankee captain thurman munson, marty, when you think of thurman munson and your relationship with him, what do you think of? >> i remember him as the captain of the team walking through a gauntlet of sportswriters in the clubhouse. just ignoring their questions and saying, i'm just happy to be here. sort of just brushing it all off because it was so controversial all the time.

and i found thurman's brother and sister in the process of doing the book and they described a childhood that made it -- that thought it made sense because his home life as a child invited the same kind of reaction. like i'm just happy to be here, don't bother me with all the controversy. >> tim: you obviously had a different view, tippy? >> well, as far as thurman, what a compassion fellow and a hard worker. there was a segment that took me back as far as when you saw him -- he can barely make it up. he was a for the game. >> tim: guys, thank you so much. what a great show. tippy martinez, marty appel, i'm tim mcca

hi, everybody. welcome to "the wall street journal report." i'm maria bartiromo, one again coming to you from outside the new york stock exchange. president obama gives a big thumbs up to federal reserve chairman ben bernanke, new signs of rebounding in the housing market and the rally goes on, but will it be a september to remember? the little bank that could, the regional bank that's showing the big guys what to do and how they avoided the whole subprime mets. read all about it, the music gizmo that wants to give nintendo a run for its money.

"the wall street journal report" begins right now. this is america's number one financial news program "the wall street journal report." now maria bartiromo. here's a look at what's making news as we head into a new week on wall street. federal reserve chairman ben bernanke won't have to pol earn up his resume any time soon. during his vacation on martha's vineyard, president obama announced he will be appointing mr. bern anke toe a four-year term. he led the fed through one of the worst financial crisis the nation and the world has ever faced. the president cited bernanke's calm temperament, boldness and creativity in helping to avert a complete collapse for the economy. the summer rally continued this past week. the dow industrials up eight consecutive sessions by thursday, after a late-day reversal. the dow fell on friday. u.s. home prices rose for the second straight month in the month of june. more evidence that the three-year housing slump is easing. the s&p shiller home price index was up 1.5% in june, almost

three times the increase of the month before. may's uptick was the first in three years years. aaa says travel will drop dramatically compared to next year. american families will be putting the brakes on travel partly to save money and partly because after school has begun in many parts of the country. more signs of life in the housing market. ben bernanke gets to keep his job. joining us now talk about that is bob bower, portfolio manager with $150 million under management and one of his category. brian wesbury with us and chief economist with first trust advisers. thanks so much for being here sfp. >> thank you, maria. >> good to see you both. let me kick it off with you. bernanke for another four-year term. good idea? >> think so because we don't want to upset the applecart right here. things are still very delicate. he is a student of the depression, even before weot