hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. announcer: when life's this hard, it's no wonder 7,000 students drop out every school day. visit boostup.org and help kids in your community stay in school. >>> welcome back. you're watching "world business today" on cnn. >>> let's take a look at the other top business stories from the financial meltdown at the moment or certainly the financial gyrations starting with news corp. chase mourdocou. he says if somebody happens to him there's someone to take over. the succession chances can of murdoch's son james has been damaged by the phone-hacking scandal. >>> speaking of that british police have made another arrest, their 12. some are reporting it. he's another former editor of the now closed murdoch tabloid ""news of the world."" some are also accuse odd f bribing the police >>> and a positive outlook from

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> seriously putting people's lives at risk. >> i can't believe this is happening. >> you know, i'm going to give out some extreme views, but i think they should bring the army down, show these people what real guns and real bullets are all about. this has got nothing to do with anything that happened last week. this is opportunists that are breaking in to shops and taking what they can. they're doing what they do best and that's thieving. >> 16,000 police on the streets of london tonight, more than twice as many as last night. will that be enough to stop the riots, looting, and general mayhem. not just there, but other british cities. dan rivers there for us now. what's the latest from london tonight? >> all over east london. i don't know if there's another area down there. they've flooded this town, 16,

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> welcome back from cnn hong kong and cnn london. this is world business today. >> now, it was the biggest tech news that we've had in quite a while. google has just taken a bigger bite out of the mobile phone market. when i say a big bite, it certainly is a big bite. the search giant is buying motorola moekt for $12.5 billion. that deal is going to be all cash. it's certainly by far the biggest acquisition that google has made so far. google says that the deal will give its android operating system a stronger foothold in the mobile industry. even though android is already the world's most popular smartphone software. now, also owning motorola mobility means that google gets a stronger defensive position against the patent lawsuits that are currently flying around the sector. that's because motorola mobili

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. [pig oinking] [hissing] [oink] [oinking] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. [oinking] >>> check in now on the price of gold. recovered some ground since monday when strong gains in the united states turned investors attention to riskier assets. at the moment, gold is worth just over $1793 an ounce. down almost $3. welcome back from cnn hong kong and london. this is world business today. >> carson yeung, the jailed millionaire chairman of birmingham city england has been granted approval to travel from hong kong to london. in june, a hong kong court confiscated his passport calling him a flight risk. so why did a judge make the revers reversal. we're

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> all right. this is our breaking news on cnn. there has been a stage collapse at the indiana state fair. you're look at live pictures there from our affiliate wthr. we're told right now, at least, a dozen people were injured. a dozen people injured in this when that stage collapsed. people who were there on the scene said a strong gust of wind came through. we're reaching out to sources on the ground to see exactly what happened and what contributed to this. the band sugarland was just about to play and here's what they're saying now on twitter. we are all right, they're saying. we are praying for our fans and the people of indianapolis. we hope you'll join us. they need your strength. again, that's our breaking news. there's been a stage collapse, a lot of people hurt. we're going to continue to follow

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> there was so much destruction in the last chapter of my life that i really wanted to build from that. i wanted to construct something, and particularly i wanted to do something like that with my boys. so i think that there was, i don't know something of a healing process that went with building this and the other structures that marked my summer. the thing that i think anybody thinks about who has failed at some level, whether one fails in their marriage, whether one fails in finances, whether one fails in any chapter of life, which is, you know, god, how do you use me in the next chapter of life? will there be a next chapter? what can i do? what it is i can do to use the talents i have to some meaningful purpose and some good. >> a candid mark sanford last week at a private retreat where he lives now. m

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> a bit of weakness for the euro against the u.s. dollar on the back of the ongoing concerns about the euro zone debt crisis. that currency trading at 1.4411, british pound, 1.6524 and the japanese yen at 76.57. welcome back. you're watching "world business today" today live on cnn. >> if the yen gets to 76.25, it will be at a new strength since the second world war. not far off it now. japan did clock up a trade surface in july for the second month in a row. as you can see here with exports and imports there, virtually the same. exports only just overtook imports. exports fell 3% from last year. the figure did beat expectations but it does mean exports have been falling for five straight months. hammered by that strong yen and also weakening demand. of course you can't forget the earthquake in march which dealt exporters a huge bl

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.dn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. in hong kong, on pretty dull, gray day. welcome back. you're watching "world business today." >>> setting for a budding romance between julia roberts and hugh grant in the 1999 hollywood hit "following hikno"e book shop not far from here will close its doors to customers and tourists after 3 ye2 years of business. unpaid debt and failed to find a buyer. the closure caused a surge in recent weeks. cnn went along for one last look. >> reporter: it was the scene of a courtship that captured the hearts of millions around the world. "notting hill" the backdrop for the mow mantic comly a beduddaled book store owner falls in love with a glamorous film star played by julia roberts. where the romance was sparked, ever since the movie came out this has become a major magnet for tourists, but now it's shutting down. it's

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> welcome back. these are the latest developments from libya. opposition leaders say they plan to move some of their power base today from benghazi to the capital tripoli. rebel forces claim that they now control 90% of libya including moammar gadhafi's compound in tripoli. rebels overran the complex on tuesday after hours of battling with pro gadhafi fighters. colonel gadhafi's whereabouts still remain unknown. libya purportedly heard from him earlier today. in an audio broadcast to his supporters. in the meantime gadhafi loyalists are preventing foreign journalists from leading libya's rixos hotel and that includes our own matthew chance who you can see on video there. >>> libya's national transitional council is meeting in dohar with international allies as they try to seek funds to manage the country

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.n't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> let's take a look at the latest gold prices. these prices have dropped another $10 in just the last half hour. right now gold is currently worked under $1,729 an ounce. that's down $19. welcome back. you're watching "world business today" on cnn. >>> now the latest republican to join the race for the white house says fed chief ben bernanke is already flirting with teason. that's what he said. treason to quantitative easing to try to stimulate the economy. there may be more he has to say this friday in the picturesque jackson hole on friday. it became known as qe2. the second round of quantitative easing. b basically the federal reserve buying. rick perry calls the process of qe basically printing money. nina. >> one of the reasons they've been printing money is to support the markets but the investors will n

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.idn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> welcome back. you're watching "world business today." >>> the markets are hoping for more tightening in china. chinese food prices up more than 14% over a year ago, partly driven by a 57% jump in the price of pork. pork prices are contributing nearly two percentage points to the country's overall inflation rate. this is a really big indicator of trouble for any attempts to tame china's run dloet away inflation. pauline choiu takes a look at this. >> this is a local hong kong restaurant that's been in the same family for 60 years. pork is a main ingredient on the menu. the recent price rises in pork has started to put pressure on this restaurant. for example, take this can of spiced pork used in a lot of the different dishes. one month ago this can cost $1.90. now it's $2.27. that's an increase of 20% in ju

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.n't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >>> welcome back. live from cnn hoeng conin london. you're watching "world business today." >> another look at the stock market action here in europe, numbers moving around the whole time, ftse and dax off by about 4%, and the paris cac and zurich smi off by 3%. >> we also look at oil as well because oil has been falling quite sharply in recent days, because the faith that the global economy will be growing strongly is all but evaporating now, oil hitting $75 a barrel,

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. call the number on your scre t, i know pleasing fans is a top priority, 'cause without the fans, there'd be no nascar. just like if it weren't for customers, there'd be no nationwide. that's why they serve their customers' needs, not shareholder profits. because as a mutual, nationwide doesn't report to wall street, they report to their customers. and that's just one more reason why the earnhardt family has trusted nationwide for more than 30 years. nationwide is on your side. jinping. >>> from cnn paris, i'm nina dos santos. >> i'm andrew stevens at cnn hong kong. welcome back. you're watching "world business today." let's bring you up to date on the markets. we're about 90 or so minutes into the trading day in europe. and as you see there, all in the red, not surprising after the lack of decisive action

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> welcome back. we're live from cnn hong kong and london. you're watching continuing coverage of the battle for tripoli here on cnn, the world's news leader. >>> updating you on the libya situation, rebels claim they captured moammar gadhafi's sons saif al islam. but he greeted reporters and spoke with our matthew chance. cnn cannot verify his claim but still no sign that colonel gadhafi as such, but his son says the libyan leader remains in tripoli. meanwhile, rebel forces continue their push to rid tripoli of pro-gadhafi forces. opposition fighters tell cnn several fierce battles continue. nato confirms it's dropping leaf lets in zawiya urging them to give up. >> one of the seven biggest in africa. how it developed will be strongly influenced by what happens in the coming weeks and months. of course, a

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> mr. president, how are you? >> great. >> reporter: since leaving office, bill clinton has made his own health and the health of the country his top domestic priority. i saw him firsthand when he invited me to little rock. last time we spoke a few weeks ago you said you were going to be really strict on the diet. were you doing pretty good job, you say. >> yeah, i'm doing it more strict now. >> are you? >> yeah. by the time i have my 65th birthday, i want to weigh what i did when i went home from law school in 1973. >> wow. >> that's what i'm working on. >> that's a grand ambition. i like that. how much was that? will you tell us? >> i got down to 185. now i got down there when chelsea was married, i weighed about 192. which is what i weighed when i graduated from high school. anything under 195 was my

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.idn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> i have to say i agree with arianna. i think it is actually quite harmful. >> when did you say that? >> i just did. >> oh, good morning i'm sorry. maybe it sounds like you're talking with a mouthful of syrup. i just didn't get it. >> hey [ bleep ]! >> he mix with it arianna huffington. that was featuring my tough talking guest. you don't take any nonsense, do you? >> not from dogs. >> arianna, take me back to when you first came to america from greece. what was your first impression? >> i came when i was 16 as part of a program called experiment for international living. i went to new york, pennsylvania, and you stay with different families will i stayed with four different families. that was my first experience with america. it was definitely love at first sight. then i took this detour and went to england

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.y a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. ♪ let me be and i'll set you free ♪ ♪ i am in misery there ain't nobody who can comfort me ♪ ♪ oh, yeah why won't you answer me ♪ >> so there you are singing "misery" to a tall, leggy, blonde, beautiful super model from russia, who is your girlfriend. i mean, how miserable can that particular vignette be? not miserable at all. i'm not complaining about any of that. now look. you're in the enviable position of being able to basically pick and choose your female partners and let's be fair. you've been through a pretty heavy selection list in the past. this one appears, we're now 18 months in? >> that is an alleged list. >> how many? >> an alleged list. none are true. anyway, my relationship is going very well. let's talk about that. >> where did you meet anna? >> i met her, i'm not telling that story. why? how bad is it

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> a new weather system is brewing up that could have a big impact on the u.s. and in just a matter of days and let's turn now no the meteorologist jacqui jeras, and jacqui, the u.s. could get hit by a hurricane for first time this year. >> well, potentially, and it is not exactly sure who and where or how strong this storm will be, but we are concerned about what the models are showing and the potential here in the southeastern u.s. as we head into the latter part of this upcoming week now. take a look at this, this is irene, a tropical storm, and this has been a wake that came off of the coast of africa a couple of days ago and the computer models are showing it would turn into something, and today it did. it is a tropical storm and the winds are 50 miles per hour and moving west/northwest at this time and there are t

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.'t pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. ♪ penn and teller doing it with blood and guts ♪ ♪ penn and teller they will drive you nuts ♪ >> that was real horns. real big band. >> that's your penn and teller show. it's a spectacularly good show. >> well, thank you. >> i commend were my viewers to go see it. your kids are called zoltan penn. my son's first name is my wife's maiden name. her name was zolten. my father-in-law had nothing but girls. he had five girls. and so he has -- he has one of his grandchildren have his name as his first name. >> moxie crime fighter? >> moxie. this is one -- moxie as you may not know, not being from our wonderful country, moxie is the beverage that -- it's an american brand name out of maine called moxie that then went into -- it's one of the odd brand names that went into the dictionary not as like coke meaning soda but

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need.idn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> billionaire dallas mavericks owner mark cuban is a man of strong opinions. he tweeted this afternoon he's going to, quote, raise some hell tonight on this show. mark cuban joins me now. welcome. >> great to be here p.m. you're going to raise hell? >> absolutely. >> you got here from dallas on your jet which is the single most expensive purchase ever done electronically. is that right? >> true. >> talk me through this. >> i decided i could afford a few gulf stream jet. so i e-mailed gulf stream, send me the details and line up a test flight. took the test flight, liked it. checked with my pilot i hired, he liked it. i said, send me the details. they sent me a price. i negotiated a little bit, said, let's do it, wired the money and next thing you know, old mark is traveling by jet. >> purchased a jet. >> the

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. [ male announcer ] this is what it's like getting an amazing discount on a hotel with travelocity's top secret hotels. the easy way to get unpublished discounts of up to 55% off top hotels. harpist not included. ♪ >>> it's been six years since the united states has faced a hurricane threat like the one that is now facing america with irene. in that time we've become more and more dependent on our cell phones which don't always work in this weather. anthony malone is chief technology officer for who horizon. cell phones have become such a useful tool in any kind of crisis or disaster. a lot of people are asking tonight, will their phones work if this hurricane strikes. what is the simple answer? >> the simple answer, piers, is yes. if history is any indication, the vast majority of our cell service will be

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hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> rick perry came out swinging last weekend. he said that the fed should show a few more teeth. he was attacking bernanke. he was giving them all full barrels. would you endorse what he said? >> no. you know, i don't think you can call the head of the fed treasonous and expect to be taken seriously. i don't think people who vote for a president are going to hear that segment and say that represents serious thinking on the part of a presidential candidate. now, you can fault the fed, they have only got so many tools with which to draw their policy options, but treasonous i think is a little bit beyond. but again, it gets to my point. we've got these, you know, political sideshows going on at a time when we've got to get serious about fixing our tax code, about this regulatory reign of terror that we've ha

hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at foodsafety.gov. >>> starbucks ceo howard schultz. tell me about the me about these starbucks china club. because this is an institution set up within starbucks in seattle, i think, where all the top i think 300 top executives get together, they learn mandarin and they learn about chinese culture. is that right? >> you're doing your homework. but i didn't know -- how did you find that out about the china club? >> it's written everywhere. >> okay. we have about 900 stores in greater china, about 450 in the mainland. we think there's an opportunity for thousands of stores. and i think given the opportunity and the size of what starbucks

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hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >>> congress has been working non-stop this weekend in order to try to reach some sort of compromise on raising the nation's debt ceiling. listen to this remarkable exchange earlier today on the senate floor between democratic senator dick durbin and republican senator john mccain. >> i'd like to respond to my colleague through the chair. does he remember what happened with the reagan tax cuts? what happened was we tripled the national debt during that period of time and president reagan came to congress 18 times to extend the debt ceiling. he holds the record. so to argue the reagan tax cuts led to great long-term prosperity is i think seriously in doubt if you're going to use the deficit as a measure. >> if i could say, we believed, and reagan believed, if cutting tax cuts would restore our economy, which