equity index annuities are bad why is that? pearl annuities are not quite as bad as these equity index and the witty and they are really bad products have one of my favorite expressions is the more complex a product is the faster you should run. you can be 100 percent certain that the complexity is designed in favor of the issue were not the investor and there is a lot of hidden threats in the fine print at our cost expenses while investors an opportunity for the good returns i would really urge people to stay away in the book describes very carefully what you should avoid these products. call on the unwitty side of fixed annuities are great because they provide longevity insurance. that means the rest of living to won't and when the money the parable annuities are not so good and they have a lot of flawed issues including high costs and other investment traditional wood by investing directly in equities. when you so much the bottom line is that we need to keep it simple. you can keep it simple and educate yourself the right th

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. >> what's the good thing about them. >> the good thing about an annuity is it provides a guarantee. so social security and other pensions people have but this is something they can do for themselves to provide that guarantee. if you think back 20, 30, 40 years ago many companies provided that guarantee. today most of them put the burden on us and make us save using 401-ks and it is up to us to fund the retirement plan. how nice would it be to turn it over to a large financial institution and have that guarantee continue for your entire life. >> is there a down side if so what are they. >> they are not appropriate for everyone. and most important you may not put all of your money in an annuity because often times you are looking up that money potentially for the rest of your life but a portion of it and knowing you have an income you can not outlive there let people sleep better given the market turbulence we have just had. >> who should not get an annuity. >> someone who already has enough guaranteed income for life. why tie up more. it is not as easy to pass on to the next generati

get answers about annuities at metlife.com. ah, just installed fios in the whole building.ow everyone has the fastest upload speeds. and we're giving them a mini netbook. well, i'm sticking with cable. so's ted. (voice) no i'm not! he's just goofing. (voice) no i'm not! (sighing) ted has betrayed me. (announcer) switch to verizon fios tv, phone and internet today and get an ultra-sleek compaq mini netbook. call the verizon center for customers with disabilities at 800.974.6006 tty/v >>> issue two, ambassadors then, ambassadors now. >> when it comes to hiring people in my administration, the litmus test will not be based on party or ideology, but on qualification and experience. >> except for u.s. ambassadors, sir. donors get plum spots. since the 1960s, about one out of three u.s. ambassadorships have been given to big donors to the president's political campaign. president obama is no exception. twelve of his 34 ambassador nominees thus far with about 140 yet to go have been big campaign contributors. obama's choices each raised between $300,000 and $500,000 for the obama

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my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> i'm mary thompson at the breaking news desk. american express reporting continuing earnings of 27 cents a share. that was a penny ahead of expectation for the second quarter. the company's revenue, though, coming in a little light at $6.1 billion. analysts were looking for 6.3. provision for loan losses totaled 1.6 billion during the quarter, that's down from 1.8 billion in the prior quarter. in a comment the company says although it's still too early to point to any sure signs of an economic recovery the number of card members who are falling behind in their payments, the volume of bankruptcy filings, et cetera, is on the slightly better than expected. as such, if these trends continue they say that we expect u.s. lending operates on a managed basis to be below 10% in the second ha

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my annuity from fidelity means my retirement income is safe.no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... >>> a big day for space exploration. and you're watching some of the final preparations being made live in space for the first of five scheduled spacewalks. it's coming up at 11:58 a.m. eastern time. so about 45 minutes from now. two members of the 13-astronaut crew now housed at the international space station will venture outside to help assemble a porch. that's going to be used for outdoor experiments. those 13 astronauts under one roof is the largest gathering of astronauts in space ever. so we're going to keep our eye on that with the help of nasa on those cool pictures. >>> now the latest from washington, where the battle over health care reform is growing more intense by the hour. president obama is pushing his message this morning in his weekly internet address after making an unscheduled public appearance at the white house late yesterday.

my annuity from fidelity means my retirement income is safe.t's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... >>> and now to wall street, enjoying a rally this week. friday the dow closed above 9,000 for the second day in a row. it's the highest close since january. >>> the ford motor company is posting a $2.8 billion profit in the second quart irof this year. ford, the nation's second largest automaker says it's in the black because it reduced its debt. according to edmunds.com, overall sales for july are expected to be overall. joining us is the ceo of edmunds.com. good morning to you. >> good morning, how are you? >> i'm fine, thanks. i think i'm pretty good if these latest numbers are showing what i think they're going to show. tell me what you got. >> you got to put it in perspective. this has been a terrible year for car sales with every month not even getting over 10 million. i think for july we're going to see car sales, looking at a

annuity companies, they are more complicated and expensive but they have wonderful features.t's a possible alternative. they have benefits which basically the the annuity company says we'll guarantees you some rate of return and we'll give you some sort of income through your retirement years. that can be attractive to investors today that want something a little safer. again, a little more risky. inherently more expensive, complicated, there's some surrender fees involved with them. you certainly would want to talk to an adviser before making that decision. >> we were talking earlier about taking some of the money and maybe switching it into a roth ira. can you do that? >> that's the greatest thing since sliced bread. the question was can i go directly from my 401k to a roth ira. yes, if you left your employer you can do that, nowadays. that changed about a year ago as well. i think the rogers the best thing -- the roth ira is the best thing in the world for people. i think taxes will go up in the future. with government spending there's no way we can keep taxes as low as th

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> america's cashing in clunkers. the tally so far, 16,351 clunker owners have traded in their old gas guzzlers. the government's kicked in $68.9 million and $3500 and $4500 incentive deals. remember what you heard on this show earlier this week from the transportation secretary. those are for 250,000 cars to be traded in. time now to see if the rally lasts. it's "the closing bell." >> announcer: this is cnbc.com "news now." >>> two senators have introduced a bill that would give the fdic the authority to wind down bank holding companies. that would be an interim step until congress approves broad financial regulatory reform. new york attorney general andrew cuomo says bonuses paid to executives at tarp recipient companies last year exceeded company net income in some cases. >>> dow co

. $6 trillion in annuity reserves. annually repay almost 60 billion of life insurance benefits over $70 billion of annuity benefits and more than $7 billion of long-term care benefits. we're the backbone of the employee benefit system more than 60 percent of all workers have employer sponsored life insurance and companies sold over 22% of all private employer retirement assets life insurers of the single largest source of corporate bond financial and all the proxy 18% of corporate bonds. our also now without financial protection provided by a the companies and families may need to rely on federal government for assistance. that said we don't believe any individual life insurance company poses systemic risk. the question becomes how to deal with the industry that as a whole that is systemic the important but which doesn't have any individual companies that goes systemic risk? first reassume life insurers will be covered in whatever broad systemic risk oversight is by applicable to the banking and securities industries.

wi annuities from fidelility.ement "paheck" fofor life -guaranteed. call... to g get start, and learn how to securee retirement incncome th won't go down -- guaranteed. caca fidely at... for r details out guaranteeded incomfor life, >>> david, there arare new revevetions out the secret ciaa program former vii presint dick cheheney rertedly concealed foeight years. >>>> officials saythe p programw meant to pture or kill al-q-qda leers at close range.e. leon panetta stopped itit a soo as h hearned off itit, but thats not stopping t the outrage. democrats susuggest e bush adadministraon broke the laand some repepublica admit the failur tonform congress was aa mistake. >>>>'m ways concernedd if anybody y our government s say you don't have to follow the lalaw. >> to haveve a masse program concead from the leaders in congress is not only inappropriate, i it could b illegal. >> if somebody told the cia, that's wron >> with usle, jajack rice. as far a aan effort b the vice president and cia no to inform congre, that woul

in these marke, i'm glad i turned to fidelity for an annuity with guaranteed income for life. that's right, guaranteed income for life my annuity from fideli means my retirement inco is safe. it's guanteed, no matter what hapns. if guaranteed income life sounds good toou do what i did let fidelity be your guide. call fidelity at.. for details about guarteed income for life. >>> are you ready for the all-olympics all the time on television? we told you sun valley's known for media. it's not really called a media conference but a lot of media deals get done here. u.s. olympics committee announcing a new channel today in a deal with comcast. it's going to be devoted to covering the olympics. the goal is to keep olympic sports at the top of your mind all the time, not just every four years. the former chairman of the u.s. olympic committee, peter ueberroth. it's great to have you with us, peter. appreciate you taking the time. quick question for you. this deal, this is a totally new network, right? >> exactly. >> and it's starting on comcast but you'd like it to go elsewhere, too,

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with annuities from fidelity.n your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, and change the way you think about your retirement savings. >>> welcome back to "it's the economy." >> three financial firms are being investigated into for mortgage fraud. >> with us is jack gauge, associated editor at "forbes." jack, it is kind of a surprising story because we have not seen it taken to this level. the wall street journal is reporting washington mutual, you know, these were all part of the financial crisis, obviously, and they have been issued subpoenas looking for evidence of mortgage fraud? is this surprising to you? >> yeah, it is a little surprising, but i thing it is bullish for the markets that we have moved on to try to rewrite history and what happened in the mortgage collapse. i mean, you look at two

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with annuities from fidelity. turn your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, and change the way you think about your retirement savings. >>> welcome back to "fast money," we're live at the nasdaq market site. positive news for automakers as ford surprises the street and starting today dealerships can sign up for the cash for clunkers program. are automakers in for better days ahead. joining us is the acting ceo and president of hyundai motor america. great to have you with us. >> melissa, great to be here. >> certainly we're operating in a very different landscape from a year ago. you have some major competitors who are now profitable, being ford, some others are emerging from bankruptcy with fewer debt obligations. is this a more challenging environment for you? >> no question. it's challenging fo

with annuities from fidelity. turn your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, and change the way you think about your retirement savings. >>> welcome back. boston scientific out with its numbers. it is narrowing the 2009 revenue outlook to 8.1 to $8.4 billion. you see the stock in the after hours session ticking slightly higher. >> the first thing that i notice is that the drug eluding stints, that's impressive. that is also something that can come back to bite you a little bit. it is such a dangerous area. the lawsuits that are involved with the stint world, they always pop up with the folks that are involved there. and that is what makes it very toxic. great night tonight. they hit the eight-month highs. >> absolutely. we'll keep track of the stock with the after hours session for you along with a

i think there's such things as annuities. annuities work well in relation to certain classes of people, in certain financial airplane i can't say, but generally speaking, an annuity ties up your money, you can't get it if you need it, and they have a big load going in on most auntie's to pay for the salesman, and so you're paying for their work in selling you the policy. and it's difficult to know what to do. the other thing that people are facing right now is a mortgage. when do you buy and when you don't buy. i've got a chapter in this book called "love nest or money pit." and you can determine how it stacks up. people are always asking me, is it time to buy, is it time to buy a house? well, sometimes it is and sometimes it's not. it depends on the house, it depends on your circumstances, it depends on what kind of a deal is out there and what kind of financing is available. the other thing that people are asking right now is, is it time to finance? well, the rules i've got in this book "right on the money" is the formula o

or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert [captioning made possible by fox news channel] captioned by the national captioning institute --www.ncicap.org-- neil: sonia sotomayor is on the hot seat right now, and that is where one man says all of the czars should be. he wants them confirmed by the senate first. joining us is jack kingston of georgia. so many czars, so little time. congressman, how can you make this work? >> well, i think what we want to do is raise this issue, because what is happening is that the president has appointed, we think, 34 czars. there are a lot of people trotted out as czars, and not one has gone through a confirmation process, which is required by the constitution articles. they go through what sonia sotomayor is doing. it is a healthy process. you find out, what is your backup run on these policies, and what kind of decisions will be making for the american people -- what is your background on these policies? what kind of decisions will be making for the americ

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> all right. coming up in just a few minutes, whoa, apple earnings. and according to our friends at s&p, the last time apple missed was fourth quarter, 2002. the company has only missed three times since the fourth quarter of 1999. apple and yahoo! coming up today. >>> dow has rebounded a bit, up 24.5. thanks for watching "street signs." next the closie g bel ing bell maria. >>> house demes say they're hoping to bring a health care reform bill for a full house vote next week. they may stay past the recess to get the job done. >>> bob nardelli has returned to serb bris capital as an advisor. he was in charge of chrysler till they emerged from bankruptcy and former putnam investments chief executive charles heldman had been named ceo of freddie mac. i'm rebecca jarvis. >>> and there's a

my annuity from fidelity means my retirement income is safe.t's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> president obama is in ohio, america's heart land, getting a tour of the cleveland clinic, a well-respected facility where many people choose to go and get high-end medical treatment. the president says it's the kind of medical care all americans should get and could be possible if they were more able to coordinate the way the clinic does. on the right, you're seeing kathleen sebelius. she's joining chris dodd and senator tom carper of delaware, talking about health care reform. let's listen to the secretary. >> about what's happening to americans and i'm just so grateful that the senators and their colleagues across the rotunda in the house are working hard on this issue, are committed to making the kind of change we've been talking about for over seven decades in america and under th

my annuity from fidelity means my retirement income is safe.ed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... >>> stocks are near their session highs. the dow jones industrial average at its highest level above 9,000 for the first time since january. the dow, is s&p up 23 points. nasdaq up almost 45 points. the rally pushed oil prices to their highest in nearly three weeks. the rally itself driven by strong corporate earnings and housing numbers. >>> there was a rise last week in people seeking unemployment benefits. claims rose to 554,000. >>> and the ceo is stepping down, leaving the luxury sports car company after 16 years. the move expecting to make it easier for porto merge with vol. >>> welcome back. i'm davd schuster. >> i'm tamron hall. reports that osama bin laden's son was killed in an air strike this year. officials believe the 27-year-old was not the target, but was killed when the u.s. fired a missile at an al-qaeda target in western pakist

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> welcome back. we're going to start off here on jpmorgan. obviously, on cit, anything i get we'll bring right to you. i'm hoping to have more insight into that situation past what we told you at 9:00 a.m. eastern. the overall market is looking pretty stable this morning after that huge rally yesterday. much better than anticipated. remember when you look at these revenue, year over year comparisons, even earnings, they didn't own washington mutual. there's a look at the market itself, which started lower this morning, but as you just saw, the dow jones -- actually, the s&p is let's call it flat right now. as for jpmorgan, kind of a mixed bag in some ways. some positive signs, somewhat positive comments on the wall and we'll hear from mike cavanagh this morning. not performing loans,

with annuities from fidelity. turn your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, >>> investigators are focussing more closely on the doctor with michael jackson the day he died. they're trying to determine why two women who were employees of the doctor showed up at his storage unit and removed up to five boxes. here with more on what to expect this week is courtney hazlett. good morning. >> good morning. >> authorities covered more details in this investigation focussing on the doctor. he's michael jackson's personal doctor. is the evidence they're finding, is it leaving more questions than answers? or the other way around? >> totally. talk about a case here where every time we take ta step forward, we take a few backward. everything raises more questions than it answers. you saw that seizure take plac

my annuity from fidelity means my retirement income is safe.t's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... >>> we're following breaking news out of the los angeles. you see traffic tied up as part of the airport has been evacuated. the suspicious package with a sound coming out of it at the el al counter. we've got the sergeant on the phone. what's going on? >> actually, the situation has been resolved for a few minutes. the population has been in progress and traffic is a little backed up now as we clear the central terminal area. shortly after 11:00, an item was discovered on a upper level of the tom bradley terminal in the bank of airport operators. because of this, the area was cleared, partially on the upper level and the bomb squad was called to determine what was in. >> what was in the bag? >> it turned out to be a consumer electronic item that was emitting an unusual sound and the bag had not been screened or gone through tsa scre

. >> the jackpot is an estimated annuity. here are your numbers. 1-7-31-20-12-9. if no one matches any nine numbers, the jackpot climbs to $3 million. for all of the latest lottery >> if you are one of those people holding onto a gas guzzler, the government is giving you reason to cash in. >> there is a program which allows you to get cash for your trading. your vehicle has to get less than 18 mpg. in return, you get a $3,500 voucher. you will get $4,500 if the difference is 10 miles a gallon or better. >> people are really excited about it because it seems like found money. >> in every case, it was someone not in the market. someone that this program is bringing to the market. because of that, this program selling cars. >> chrysler will match the government's offer towards the purchase of a 2009 chrysler, dodge, or jeep model. to learn more about the program, go to our website, wbaltv.com. >> a sellout crowd awaits at the stadium. we will give you a preview of what to expect from the >> considering their start to the second half of the season, a longer-term focus

learn more at cisco.com/nways with annuities from delity.rn your savings into iome -- guaranteed, d get retirement "paycheck" folife -- guaranteed. call... to get started, and len how secure retirement ince that won't go do - guaranteed. call fidelity at... for details about and change the way y think about your retirement saving >>> welcome back. we're live in new york city. steel wars after stalled negotiations iron ore, china detained a manager from rio tinto on espionage. let's go to sydney with karen. >> four rio tinto executives were jailed. one is an australian man. according to shorts, rio shanghai offices raided and computers moved after the detentions. sources in china are saying it's part of a broader investigation into allegations of kickbacks paid during the allocation of raw materials to state owned steel mills. speculation about the real arrest, the timing is significant to some. china has been pushing for a steeper cut in iron ore price. some believe behind scenes agreeing to a 30% reductions. but rio has been a producer at t

in thesearkets, i'm glad i ed to fidelity for an annuity with guanteed income for life. that's right, guaranteed income folife. my annuity from delity means my retiremenincome is safe. it's guaranteed, no mter wh happens. if guaranteed inme for life sounds good you, do what did -- let fidelity be guide. call fidelity at... >>> now the daily dose of street sense. institutional services director. before we get to your trade, we had a fun thing we wanted to do about the weather. here in new york, average temperature in june is 67 1/2 degrees. that is 3.7 degrees below normal. that's mammoth for grash yers. this is the eighth coolest on record. the second wettest june on record. 10.06 inches of rain. chicago had a nasty year too. we know all you do is send nasty stuff to us. we had the most precipitation since records started being kept in 1871. you had 25.3 inches of precipitation from january to june. it's not apples to apples, but it sounds like a lot. does the weather have anything to do with trade something. >> it does. the consumer drives the economy and the weather co

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> welcome back to "power lunch." i'm mary thompson. the treasury department as part of the capital purchase program, the price tag $340 million. keep in mind, american express is the second big financial company to repurchase the warrants, goldman sachs being the first. now, when you include the dividends that american express paid to the government at $74.4 million, essentially that $414 million total paid to the u.s. government suggests that the treasury earned an annualized return of 26% on its investment in american express, which was one of the companies that, of course, received t.a.r.p. funds. that compares to the 23% return the treasury received on its investment in goldman sachs. again, american express, repurchasing those warrants from the u.s. government for $340 million. b

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> welcome back to "squawk on the street." i'm david faber. as all of you know, of course, this has been a record year for m&a. record year for no m&a. and that more or less seems to be the case as the summer progresses. we did have one deal to tell you about this morning which may provide some insight into why we're not seeing more deals in some ways, i'll get to that. ibm is going to be acquiring a company called spss inc. to provide its clients what they call predictive analytics capabilities, all of that adding up to a 42% premium and a $1.2 billion deal. yes, i am talking about a $1.2 billion deal at $50 a share for, again, the aforementioned spss. let's take a look though at the stock as well because you'll see that it's quite a premium and that is resulting in as you might expec

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my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... >>> good friday. let's get to the op-ed pieces from "the new york times." >> this first one deals with the controversy surrounding president obama, cambridge, massachusetts police. "the new york times" writes about the fallout after president obama said the police acted stupidly after they arrested gates. quote, successful african-americans, whether they're sports stars, politicians are often accorded a more tortured existence. they're often employed as weapons in the age old campaign to discredit and even demean the disadvantaged. now, contessa, what do you think about that? i thought this was a pretty provocative column for brent because he said many of us may have been misunderstood barack obama. he clearly wanted to take about race the other night. >> he was pointing out essentially when we saw the president at the naacp annive

it is an estimated annuity of $2.8 million. the numbers are 22, 18, 4, 36, 43, 1. one matches all six numbers, the jackpot climbs to 2.9 $5 million. the next drawing is wednesday night on wbal-tv 11 news. orioles' best pitcher this year. he is a hard one to figure. on the road, just one and five when he pitches. the orioles got off to a great start in chicago. he keeps pounding away. he ends up at second. problems in the fit -- in the fifth when things just come apart. white sox take the lead 2-1. they got another one, and it could have been worse. a perfect throw to the plate. the orioles are down 4-1. i don't think his parents entered him in vicomtesse when he was a kid. -- entered him in vicomtesse. it is now a 4-3 game. he gets roberts to second for the final out. tom watson last won a major a quarter-century ago, but somehow he is on the verge of writing an incredible story at the british open. the third round under difficult conditions. he just kind of roles that up and in 4 the eagle. here are some of the guys standing in tom watson's way. he is one behind w

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> we are awaiting news of a health care reform and savings over 10 years, john harwood wanted to get you on because some of the headlines we had seen on tax rates may not be what is in the legislation. what are you hear something. >> i'm hearing that the tax rate to help fund the house democratic health care plan will levy a sur tax of 1% on income between 350,000 and half a million. 1.5% between a half million and $1 million and that is a very steeply graduated rate at that top end over a million dollars a year. it will be very, very difficult to sell that in the senate, but for now democrats think they can get the vote for the health care bill with that 5.4% sur tax on income over $1 million. >> i'm just asking to start to get a sense here, do you have a sense of where the headlines

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> that's better. that's more up to date than the other one. fortune magazine's tech conference kicks off today and i -- what technologies will transform business? for today's tech effect we head to the conference in pasadena where our own julia is with the man behind the most innovative starts out there. >> reporter: i'm here with bill gross. ceo of e solar, an ee efficient solar energy company. what is the one technology that you would tell businesses they have to be watching out for right now that's going to change their business? >> clean energy will change the world. as a global demand for energy grows dramatically because so many people are being lifted out of poverty in china and india, we have to think of some way to make up the gap. the only way to do is with renewable energy.

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my annuity from fidelityeans my retirement come is safe. it's guantd, no mattewhat happens.f guaranteed income forife sounds good toou, do what i did -- let fidelity be your gde. call fidelity at... >>> more falut todayrom that private swim club in suburban philelia that turned away a grouof african-american and hispanic children who sign up to use its poo reprentatives of at pool say accusations ofacm are blatantly false, and instead s it was an issue of overcrowding and safety bu one of the initial explanns given by theool was that the children would change, quote, the complexion of theclub. pennsylvania state authorities nownvestigating that po. radio host joe madison, host of theoe madison on sirius xm joins me asell as from philadelphia, john giodonna. and good morning to both oyou. >> good mornin >> okay. >> good morning, alex. hi, joe. >> let's talk about this club which denies any racism, gs. here's part of their atement. the valy club is deeply troubled by the recent allegations of racism wch are completely unrue. unfortunately, we quickly learned that we underestim

my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> let's take a look at some of today's under the radar stocks. masco one of the day's big winners reporting better than expected second quarter earnings and raising revenue forecasts because of strong paint sales. could ventory health reporting a higher second quarter adjusted profit than analysts expected. the shiner hiking full year guidance above wall street expectations and pepsi america is reporting a 32% drop in second quarter earnings to $6 million because of the stronger dollar but excluding costs related to a joint venture, profit actually came in better than expects. >> two groups within the health care sect ser providing investors are some of the healthy returns today. rebecca has details on that. >> with the health care debate raging on in washington, it is interesting to

with annuities from fidelity. turn your savings into income -- guaranteed, and get retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, >>> welcome back to msnbc live. i'm carlos watson. >>> now, in the final day before the summit recess, the house energy and commerce committee expected to wrap up work on legislation that would provide health care to nearly all 50 million uninsured. now, at the very at the same time time nancy pelosi is taking aim at insurance companies for proposing a public option. >> we want a strong public option in the legislation. insurance companies are out there in full force, bombing shock and awe against a public option. >> strong words. democratic congresswoman allison schwartz from pennsylvania joins us now. good to have out the show again. >> good to be with you. >> it sounds like things are intensifying not only speaker pelosi'

my annuity from fidelity means my retirement income is safe.tter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. i'm sorry. i can't hear you very well. announcer: does someone you know have trouble hearing on the phone? dad. dad, let me help you with that, okay? announcer: now, a free phone service shows captions of everything a caller says. i'd like to make an appointment to see the doctor. announcer: to learn more about captioned telephone, call 1-800-552-7724 or go to our website. i'll see you at 3:00! announcer: captioned telephone - enjoy the phone again! >>> time to reveal who made the most money today. goldman sachs, reuters reporting they may out pay almost $1 million per employees in compensation and benefits this year. >> good for them. >>> final comment. >>. >>> see you in a week. >> take a look at wynn resorts. >>> triple l had a great day. >> we will miss you, guy. see you back at 5:00 p.m. tomorrow for mor

with annuities from fidelity. turn your savings into income -- guaranteed, and get a retirement "paycheck" for life -- guaranteed. call... to get started, and learn how to secure retirement income that won't go down -- guaranteed. call fidelity at... for details about guaranteed income for life, >>> mike grogan, future husband, best friend had trouble believing what they began to hear. this is seattle, a ski shop where a man named heitman applied for a salesman job back in 1998. no one paid attention to one odd little thing. >> he came to us and said hi, i'm bob heitman. interestingly enough, his id showed us that he was steve heitman. >> steve, or bob, loved to talk about his military background, which was somewhat varied. >> first i was in the army, then n.a.v.y. seals -- navy sooels. he had not only been to war in operation desert storm. he had been a hero. awarded a bronze star and purple heart. one thing for sure. he knew how to sell skis. >> he knew how to sell skis. >> you heard him sell skies? >> oh, yeah.