big chance. >> tuesday is your big chance.conaway, our producer talking to the great astrophysicist friend. we'll keep you posted on our blog where you can watch the transit of venus on tuesday without burning your eyes out of your sockets. of course, the fact it's happening on tuesday means it's also happening on the day of the wisconsin recall election when with voters decide if republican governor scott walker gets to finish his term after he stripped union rights in the state and thereby all but wiped out the strongest unions in the state, which is the only way democrats have to fight. scott walker has led the nation in losing jobs. he has scorched the civility out of wisconsin's civic discourse. on tuesday we'll learn if he faces electoral consequences now before his first term is up. since what he's done in office is kind of a shock to those who voted on the election. he didn't run on any of the stuff he ended up doing. the scott walker recall on tuesday is the second most important election in the country this year, bef

big chance. >> tuesday is your big chance.talking to summer ash, the in-house astrophysicist rep. we'll watch the transit of venus on tuesday without burning your eyes out of your sockets. of course, the fact that it's happening on tuesday means it is happening on the day of the wisconsin recall election when voters decide whether republican scott walker gets to finish out his term after stripping union rights in the state and thereby wiped out the strongest unions in wisconsin, which wiped out the only answer that democrats have to fight republicans in elections. scott walker led the nation in losing jobs and scorched this out of wisconsin's discourse. on tuesday we'll learn whether he faces electoral consequences for all that now before his first term is up. since what he did in office is kind of a shock to those who voted in the last election, he didn't run on any of the stuff that he ended up doing. the scott walker recall is the second most important election in the country this year before the presidential election, and

the big snip. >> this is kind of a big deal event. >> the little guy doesn't even know what's going oncourse not. >> this is a little extravagant. in a remote control convertible car. >> but i think it's awesome! >> that part's cool. >> yeah. >> adding the wee wee, not so cool. >> so much festivity for something that, you know, a religious event. >> i always thought it was kind of solemn especially the dude. >> he wasn't given a choice. i didn't want to ride in this convertible power controlled thing, but the pyrotechniques. >> going to look back and go, you did what? >> what the -- >> no. he's going to look back and say, look at my first ride. >> convertible. >>> i think i'm going to like this, gayle. >> i think you're definitely going to like this. you love the sound. don't you? >> i love the sound. >> that is gopro racer dustin dominguez. check out what happened. >> look at this video right here. it captures his knee hitting the asphalt. why they wear pads. right? >> got knee pads right on there suicide just for that purpose. >> check out what happens there. >> whoa! >> oh. >> ah. >

this poem is called big thicket jasper, texas. a crack is a buck shot. big thickel. crack, headlights staggering home. the road kills. crack, big thicket. the sticks, drink, drink, headlight stagger in the road. creek, crack, stick broke light kills. big thickel. buck shot by the white headlights to big thicket. what you looking at. crack, the white stick big thicket along the trees. the buck is staggering home. crack, we go to big thicket what you are doing here. break for home. on the road, go, go, crack, crack, crack, big thicket. headlights what you think you are. huff, is this, critic o crack, a stick broke. buck in the brushes. put them back on. what you think. in the rushes. put them back o. big thicket we go to creek. go to head staggers along the trees. crack, a stick broke the creek breaks big thicket we go, buck shot, home we go, go, big thicket. road kill. staggering bucks. headlight rushes. screeching. road screeching, what you what you. we go, we go. crack. bones. road kills a broke stick along the staggering creek we go on. [applause] >> i will close w

presumably so if this is another example where you're sitting there feelings screwed over by these big banks and what they can do what can you do well whether you're scared about the safety of your money or you're sick of being used to allow big banks to take on more leverage and enable their risky speculation well let's talk about some alternatives ron paul is here to talk about iran will do paul chairman and c.e.o. of eagle bank which is a community bank and he has been in the business a long time twenty five years he's here to spell out the benefits and also a lot of the challenges facing small banks so first thanks for being on the show so i'm sure over absolutely so as i told you before i'm very excited to get your perspective running a small bank first is community banking an alternative for people who are there scared of having their money in these too big to fail institutions that spec. late with it or who are opposed to it they don't want to deposit their money in a bank and allow that bank to take on more leverage to speculate is our community banks an alternative absolutely

but this year, a $50 million campaign by big tobacco has been doing some big-dollar magic on the electoratedropped 14 points over the last couple of months. once the tobacco company advertising onslaught really geared up. at this hour in terms of results on that race in california, california proposition 29, a yes vote, to add the $1 tax to a pack of cigarettes and with so% of precincts reporting, just a four-point margin between the yes and no votes. 52% voting yes. 48% voting no. again, only a fraction of those votes are in yet and people will be watching california proposition 29, the cigarette tax very, very closely. >>> in montana, you might remember the democratic state attorney general we had on the day to talk to him about his fight against citizen united. steve bullock. he had been favored to win the democratic primary for montana governor. republicans has to pick who to run against him. polls closed a couple of hours ago and in terms of what we know on the democratic primary said side, the projegted winner is steve bullock been projected to have a big win. former congressman ric h

too big. and the reason is one of the dangers of what we did back in 2008 and 2009 when we bailed out all of those big banks is we created this what we call a moral hazard problem. there is a perception in the market, there is a perception of shareholders and depositors that these banks have gotten so large they have a safety net underneath them. that's one of the things that unfortunately encourages these kind of trading activities. you know, erin, i'm not sure what the best solution is. maybe it is, and i hate saying this, but maybe you do have to break up some of these big banks so they don't get so large, a, that we have to bail them out or b, even worse, the federal government doesn't have enough money to bail them out because they have gotten so large. >> this is the frightening thing about it. one other thing jamie dimon said today is this is an isolated incident. i heard that and all my alarm bells started going off. this is what every ceo has said with a major trading loss. in 2010 th

that's big.us the consumer should have a lot more money in her pocket now that the price of gasoline has dropped so precipitously. these are both major positives for bed bath which has 993 core bed bath & beyond stores in 50 states and the district of columbia, puerto rico and canada. the company believes it can grow to 1300 locations. they have a 31% store count increase coming and they have three other brands in position to grow. cramer daughter fave harmon, a health and beauty retailer. sometimes i feel like i have been to every one of them with my daughter. byebye baby. that should benefit as the number of births rebounds. we have had an incredible no growth period for babies here. that's going to rebound with the economy. also with the new growth of housing. then there is the christmas tree shops. not a fan. i don't find them great. but they sell food and toys to seasonal decorations like christmas trees. 71 stores in 20 states. up big from 23 stores when they acquired it and they like the b

and on the go... ...with some really big news. it's b-i-g, big.t from at&t at home... includes wi-fi access on the go -- whoo-hoo! it's an unbelievable deal. it's an unbelievable deal. [ both chuckle ] well, gotta go! but, wait, there's more! [ female announcer ] go to the website below today and get high speed internet for the unbelievably low price of just $14.95 a month for 12 months with a 1-year price guarantee. it's all the speed you need at a great price. you can chill online at a park. here, pigie, pigie. [ pigeon coos ] and surf the web at your favorite bookstore. our internet at home includes access to the entire national at&t wi-fi hot spot network on the go. [ female announcer ] go to the website below and get high speed internet for just $14.95 a month for 12 months with a 1-year price guarantee. that's all the speed you need at a great price. it's an unbelievable deal, so why wait? act now! act now! like he said. ♪ >>> all right. i traced out the worst case scenarios last night, 2008, '09, that's a big decline. i' taken that off the

we see big thunderstorms, the computer kind of emphatic hitting big thunderstorms around baltimore, but even back west martinsburg and winchester, we could still see big thunderstorms here, so a severe weather alert day. partly cloudy, muggy, isolated thunderstorms possible mainly west along i-81, lows 70 to 80 downtown. tomorrow morning partly sunny, very warm, late thunderstorm possible 10:00, 11:00, 70s and 80s and by afternoon and evening the main event, partly sunny, not as hot, thunderstorms, some heavy, some severe, high temperatures in the low 90s, winds northwest at about 10. the next three days we have code red tomorrow and our 9 weather alert 92 and green saturday, green sunday, upper 80s, very comfortable, slight chance of a sprinkle sun, not a big deal. next seven days -- sunday, not a big deal. next seven days, more showers and thunderstorms monday. this is at&t week. temps are cooler tuesday and wednesday, may be a sprinkle. round 1 we will keep dry, temperatures in the low 80s. if you want tickets, go to our website at www.wusa9.com. dave will be back with sport after th

to eliminate too big to fail. therefore allowing a big bank to fail in a way that doesn't damage the american economy and the taxpayer never pays. i think we're on our way to working through the ways that would allow it to take place. >> thank you. two minutes and that will then conclude our hearing. >> mr. dimon, i want to go through a calendar here. on april 6 bloomberg had an article you're familiar with that article. >> yes. >> i think "the wall street journal" had an article that same day. >> um aware that i don't know if they came or we called them. we share everything with them. i do believe some of our people spoke with the regulators and described to them what we thought about it. >> it's reported on tuesday april 1010th, that particular position lost $300 million that day and subs subsequently on the next tuesday and wednesday with smaller losses. were you familiar with those? >> yes. >> on april 13th, then you made a statement that it's no big deal, it's just a tempest in the teapot. >> was that an accu

>> big change, sue. only a one-third probability of quantitative easing in the next 12 months, that's now up 57%. you can see going back and looking at the history of the survey, we don't get jumps like this. it is volatile. and you saw one back earlier when we first started the survey. but here's another one. all of that key to the jobs report. but also a lot of the other economic data was softer. economists, strategists, the 60 people we surveyed over the weekend think the fed comes back in here. a big question, sue, that was out there was, what good is it going to do? look at the 10-year down near 1.5%. with the fed coming in really help? there's a thing called quantitative easing, qe, i have ge, gratuitous easing. >> that is the question though because everybody is now expecting qe -- another round of qe. where do they stand on that? do you think it would help at all given what you just outline snd. >> well, really divided, sue, in terms of the benefit of additional qe. some people say, yes, they're

sam, he's kissing the trophy. >> go, big daddy. go, big daddy. good morning, everybody.? >> my name's karen. >> hailey. >> princeton. >> and? >> annie. >> all right. if you see these girls rolling through new york city, just be careful. let's show you what's happening outside your doors this morning. here we go. by the way, in florida, we have pretty strong rip currents. there's been more than 50 rescue operations in volusia, florida. new orleans, houston gets rain out of there. onshore flow, as well. be careful in those zones today. quick look at the rest of the country. oh, yeah. we have to talk about this. not only is the big heat making the west. but these are strong, gusty winds. every fire, and there's 14 of them burn right now, will rage over the next 24, 36 hours. it will be really tough to get those under control. is there going to be another cold high temperatures in the '70s. are low to mid 60's right now. manassas, 61. 62 in martinsburg. areas of rain pushing into the beltway. the leading edge stretching from city and to pushing east. way today.s on the for t

of big unions and labor.illions and they did everything they could do to demonize scott walker, his family and rebecca kleefisch. >> this is a precursor. i think this is only five months, but five months from now, we will see, as reagan followed thatcher, mitt romney will follow scott walker. >> sean: if scott walker pulls this off and we may be able to make a call very soon fscott walker pull this is off and you are barack obama, and they must have felt this coming -- you are sitting there saying, i have to defend wisconsin? >> i am worried if i am barack obama at this point. look at what walker has done here. he has done exactly what he said he would do. he has delivered on the fiscal policies. he has met the needs of state. and he has done this without laying off employees. it's an amazing story. this shows the irrelevance of unions. at this point, i have said, they're obsolete. >> sean: do you agree with that. >> look-- >>> i agree with you. i think it's that dramatic. this is a tipping-point moment. >> h

another big. businessman who's gone into the public arena rick scott down in florida we've got the florida recall going on and or excuse me the for the florida purge of voters going on and you have uncovered some other forces beyond just the normal political involved in the tell us about this you know only three weeks ago we published a story and weeks as centrally found fifty five million dollars spent in the two thousand and ten elections that was previously unreported and connected to the koch brothers and several other very wealthy political donors or that there was spent to get rick scott elected that was bad all over the country for partisan purposes to get republicans elected and from that documentation that we were able to buy it spawns many other stories of course so as we look at the voter purge in florida as they take out. people in the voter rolls they queues of being non-citizens although many have been documented to be bonafide citizens we have to look at the the motivating factors a

m two big teams in town tonight. the new york yankees leading up against the nationals. >> i think it is a great thing. i am happen to see big baseball in the metropolitan area. >> that exciting match up is not the only thing to keep your eyes on. traffic is expected to draw sellout crowds. already at noon today, a long line grew to wait for grand slam season outside the stadium. >> plenty of time. big sports events, there are always huge crowds, especially going back. >> game day traffic will be heavy on the road and on metro. some have their own plan to avoid the mess. >> my father lives down the street. i parked my car in his parking garage, and i walked up the street. >> track work is taking place on every line except the green line this weekend. m taking the metro is a little bit more of a headache. >> for more information on all that track work, just log on to our web site -- wjla.com. >> thank you. still ahead here on abc 7 news at 5:00, convicted of stealing money from metro machines. two former employees fin

. >> suarez: it was a day of big decisions at the supreme court. the justices issued three major opinions, but the fate of the highly anticipated health care and immigration cases won't be known until next week. marcia coyle of the "national law journal" was in the courtroom today and can tell us more. marcia, on the big broadcast indecency question, the justices called the f.c.c. rules "vague." they sided with the broadcasters. but did they take on the big first amendment questions having to do with the regulating of content on broadcast television? >> no, they didn't, ray. it was a case... a long-running case that we've all been following closely and it sort of fizzled in a sense. the justices... this was known as the case of the bleeding expletives and naked buttocks. it involved two networks, fox and abc. fox had shown the billboard music awards in two separate instances, singer share on one show used the "f" word. nicole richie on the other used the "s" word. abc had shown about seven seconds of the naked back of a woman entering a shower on t

>> well, if he goes big, he is going to be easily framed as a big spending liberal. >> what is wrong with that? he is a liberal and needs to spend big. >> and they will talk about the stimulus bill -- >> yes, they will go after it anyway. >> and i think that is what -- >> but nia -- >> he has never been the full loaf guy, but the half loaf. you are saying that -- >> half a loaf, less than one half of 1%. there is a stimulus bill on the record and health care bill on the record and auto rescue plan on the record and the question is now whether you sell it and believe in it and hide from it. do you believe he can hide from the stimulus plan because of to stupid title stimulus and hide from the auto bailout, because it is a bailout when they should have called it a rescue, and they call it a stimulus bill instead of a jobs bill. and the shopping of this, and the p.r. of this, and the marketing has been a zero. these programs are good. they did the right thing on health care, and they did the right thing on spending money when they got in there to rescue the economy and the right thing o

i teach at a big school for big children. very big children, enormous children. and i'm not that big, am i? and if you teach for big children, then you... then you... teach big things that i might not even know yet. i might not even know what they mean yet. ahem. yeah, but i know all the little things as well to teach you. when we go to india, can we go around shooting people? and whipping them with ropes? oh, no, no, no. you're thinking-- "indians" is what you mean. you're thinking of the wrong kind of indians. there are indians, like ravi and kuj, who come from india, and then there are indians you're thinking of... wah wah wah wah! indians, who live in america. mum, what can i do? ben got to crack eggs. jesus. aah. ben and eggs...why? well... mum! you can count the plates in the dining room. angela only eats free-range organic chicken, doesn't she? ( inaudible response ) i'm glad you invited her, though. yeah, yeah, i know. i have been a bit hard on her. i mean, it's not an easy thing to come and look after dad. i spoke to him this morning-- daddy. hmm? you've

first, we need a compromise between the two punitive big guns, one, say one big one and one weak one. spain and germany. i can't stress enough how much more important spain is than italy or greece or anyone. spain's got a huge deficit and gigantic banks, including bbva. which both look a lot like fannie mae and freddie mac did before they collapsed. right now spanish banks are facing daily runs, in part because while their deposits are guaranteed, they may not be guaranteed in euros so if spain falls apart, it's more likely these depositors will get a different much less valuable currency if the banks go under. it's vital that spanish depositors be given a reason not to pull out of spanish banks because right now, it's the only rational thing to do. in return for more control over spanish finances and unified central authority germany which pretty much stands alone in europe and the world, for that matter, must accede to some sort of deposit insurance that allows guarantees in euros. how important is this? listen, i got to put this in english and make it so you understand it because e

take a look at the big names. toll brothers and lennar was the driver, the miami-based builder, third largest coming in 40% up, revenues up 22% a year ago. the ceo saying evidence from the field suggests the for sale housing market has bottomed and that we have commenced a slow and steady recovery process. and we could see that in the realtors' pending home sales index jumping nearly 6% in may. pending sales out west where the foreclosures are jumped 14.5%. weekly mortgage apps, only snag with re-fis dropping. plenty more on the blog, of course. sue? >> diana. >>> here's a story to make your blood boil. a major bank admitting trying to manipulate interest rates at the height of the crisis and it could affect how much people pay for mortgages. eamon? >> reporter: it was a huge, unsettlement with the department of justice for $160 million. on top of that. and also settling with the fsa in london for additional financial penalties. all told, north of $450 million. and what barclays was accused of here is manipulating

a big powerful storm. look at that big air mass associated with this cluster of storms. this is all developing along this front and then tracking into the hot air. 97-102. a good chance for some powerful thunderstorms in the area. tomorrow morning, the wind and waves will calm down. northeast in the morning shifting to the south. be very careful. keep an eye on the skies for more strong storms. in western maryland, a thunderstorm or two. it is the humidity that will continue to factor in with highs, 95, 100 degrees. we have a nice summer weekend ahead of you. temperatures near 90. temperatures in the 70 plus. around here, we have some storms to contend with for the next few hours and then some sunshine tomorrow. thunderstorms are likely in the afternoon again on sunday and probably into monday. by the fourth of july, we have a 30% chance of a storm and temperatures are cool enough by 10 degrees. >> it turns out of the heat not only describes the weather, it also describes the orioles' hitting. the only high you will likely enjoy tonight. >> our first number tonight is 39

so, she told a big lie about the big "c."y to get his attention than telling him you're dying of cancer? >> i'm the mother of his children. and he wouldn't call me. >> reporter: jessica showed him a letter from a doctor. it said she was dying. >> reporter: did the ruse work? did he come back? >> he insisted i move in right away. >> reporter: did you think of this through? >> it wasn't premeditated. >> reporter: she was doing what she called to keep up the charade. she cut off her head. when people were donating things for the wedding, mike was touched and called a newspaper. suggesting they do a story about the community's generosity. you got a free wedding dress. you got free wedding rings. you got a free honeymoon. you got free airfare to aruba for the honeymoon. >> it wasn't all free. >> reporter: hours for hair and makeup for you and bridal attendants? >> right. >> reporter: the perfect day came in may 2010. >> i want you to know, that today, i will always kiss you good night. >> reporter: even during this lovely wedding,

this is big news. quick result tonight from the recall election in wisconsin. exit polls all day had suggested that the margin was going to be tight. that it was going to be a long night waiting for a result from wisconsin because it was going to be so close. but ultimately nbc news made their projection in this race early. it was less than an hour after polls closed that nbc news projected that republican governor scott walker would be holding on to his governorship. interestingly though, out of the same exit polls been they also showed a vast majority of wisconsin voters saying that they made up their minds how they were going to vote months ago. if that is true, that means that the state was making up its mind how it was going to vote tonight months ago while democrats were still messing with their own primary in the race when democrats didn't even have a candidate. so, scott walker had the state's airwaves to himself. he was airing ten ing tens of m dollars worth of ads to recall him and that's bef

friday ready to rumble joining me for tonight's big picture rumble are as the robertson robinson excuse me deputy director of the paul revere project and contributor to human events and the blades and the national review nicole williams democratic strategist and attorney and judson phillips associate director of the tea party dot net and founder of tea party nation thank you all for being with me tonight let's start with us we know that it's crippling europe but it looks like it's also crippling the united states new study has found that in those states that have adopted republican austerity measures on employment is four point one points higher than before the recession six percent fewer private sector jobs state economy is growing two point seven percent slower than before the recession on the other hand in the largely blue democratic states that have increased spending that explicitly increase spending the economy's growing two point six percent faster than during the than before the recession here in the charts and you can see from them hopefully there we go and you can see from the

let's caveat this with big risk, big reward.ck trading at five and a half time earnings. a stock typically ten or 11 times. one of the largest telecom companies in the world, they're having difficulty digesting some of that. the bigger part of this story has been a shareholder fight which has been keeping the share price down. ultimately this will ride through. this is what you have to oversee. this is a 12-month story and a fantastic defensive story for people to think russia's only commodity play, this is an interesting shot. >> it's not a kid's college fund stock. >> absolutely not. if you want the kid's college stock in russia, it's nbt, brother in the same sector. to me the conservative cellular play. 6% div yield. 6.5 times earnings. i would look at that as well. >> stay on that theme. moeblg, we heard kim forest talk about it, you talked about it. david, china mobile, biggest mobile company in the world. billions in cash on the balance sheet, but they're slowing down. >> that's okay. they're going to slow down and harvest

the big buzz is that of a 7 in. tablet. we found this on a tax side, got to be mobile.com it is they the google brand it hamlet. tablets. >>> it's where people who make their living supporting google products and apps come together to learn about new products and techniques they could use. >>> google is also expeexpectedo release their it android version of jellybean. live in san francisco, and mackovic cbs five. >>> there is no evidence that anyone's personal evid information was stolen. it is day two of facebook and it is still having issues. >>> don't facebook me yet folks because i still have a way to go. we do have a couple opatches of fog out toward the coastline. yesterday we had a lot of temperatures in the '70s and '80s today. we're about six degrees warmer than a search for the afternoon. right now we are going to check your latest on the road ways with elizabeth. >>> it sounds like there is a big rig, fully engulfed. it is northbound 880, right by seventh street spurred it sounds like from our initial reports tha

caught a fish this big. temperatures will be this big of a spray. maybe about 35-40 degrees for some. already 60 degrees and so is concord and livermore is not far away. a lot of upper 50s and cooler toward the north bay. two systems will start to kind of chip away at the stone there tomorrow. that will be one low here and one low there. the combination of the two will give us a strong on shore wind and big ramp up in the fog. today it's sunny and warm to hot. this afternoon kicks in patchy fog. 60s, 80s. we will go 86 santa rosa. yew chi where is in there. 93 fairfield. 91 yesterday. 90s for concord and danville the usual suspects there. hayward 76. that is the spirit. low 90s for morgan hill and gilroy. and 80s on the peninsula as well. 60s and 70s coast bay. south san francisco mid 70s. big cool down starts tomorrow. friday we will keep it breezy and mild. very cool pattern for the weekend. >>> time now 5:20. happening right now there she is in the red robe. she was held captive in her nay tiff country of myanmar. she is just receiving an honorar

it cut the credit ratings of six big u.s. banks late yesterday, months after warning it would do so. but investors mostly shrugged off the worries even though the action threatens to make banking more expensive for customers. suzanne pratt reports. >> reporter: of the five u.s. banks downgraded by moody's, citi, j.p. morgan chase and bank of america deal directly with consumers. today, people were still trying to figure out what the move means for them. >> i'm familiar with the issue. i just read the headline l+s1 night. i wasn't that concerned until now. >> yeah, it's kind of scary, like i wasn't expecting to hear that. >> actually, it doesn't really change anything. you're not really making any money. >> reporter: experts say there's no reason for consumers to fret about the safety of their money. what they should be watching is some companies have already estimated the downgrades will cost them billions of dollars. and, the banks might try to make up for the lost revenue by passing costs on to customers, either in fees or

they believe they're doing austerity big time.y need to be able to show to their populations it's worth it and bring their yields down. the danger is that merkel remains intransigent, and the political will ebbs away. don't for the suggestion it was not blasfamy nor grease to leave. >> they talked with david leadershipton today, listen to what he had to say about a true problem with bailout money. >> sensibly, no one wants to provide money when you don't have any influence or control over how it's used. >> is that part of the upset there? they just don't know where that money is going? >> the bigger problem is the moral hazard proviling the bailout money. you enjourge thetivity that cause them to be necessary in the first place, and then europe will have a bigger problem, once they con since the bigger economies to stay, how do they convince the stronger economies to stay? look at a country like finland, norway is not in the euro, sweden is not, right now there. >> steve: support for the euro in fin land. it will cost them a fortu

a big heat wave in the central part of the country.he heat is moving east and knocking on our doorstep. we get some cloud cover and some showers or some drizzle. hardly anything showing up on the radar. there is a slight chance you could run into a drizzled this morning. 66 at the airport. 65 degrees in jarrettsville. we will make it into the 80's today. the big time heat is moving in tomorrow. a slight chance for a thunderstorm later today. high temperature of 86. wifi it's a foot or less on the chesapeake -- wave heights a foot or less on the chesapeake. tomorrow is the first day of summer and we're going to turn up the heat. the heat index will be up around 100. same thing on thursday. the record high both days is 100. a cold front comes through on thursday night and friday. that will cool things down into the low 80's by sunday. pretty impressive heat. 6:16. >> good morning. a couple of things to watch for. fire department activity in several locations. a closure in reisterstown because of fire activity. federal street, watch for f

export are so big impact there. but i think russia as you know is often said to be the saudi arabia of natural gas and has so much conventional gas that shale gas is not relevant to it in the same way that it is and there are different you know different political authorities different have different attitudes towards shale gas but the other unconventional that is really having a big impact is what's called title oil and that uses similar technologies and you know the u.s. everybody always saw the u.s. production continue to go down imports go up the u.s. now is increased its oil production by twenty five percent and i noticed in russia now there's a lot of discussion about tight oriel particularly going back to places like west side period the established oil fields and using these technologies because for russia maintaining an increase seen its oil production is also a national objective. and nonrenewable resources and for many years many instances of the twentieth century twenty first century people have been say

it demonstrates to me too big to fail banks are, frankly, too big to man age and too big to regulate. >> great fire and brimstone in front of the cameras. i was having this conversation as were we four years ago. when it is time to accept all those campaign donations, especially if you are on the old senate banking committee, you would be shocked just how much of the dough for both democrats and republicans pretty much the same you can see the numbers there, 256, 252, comes from jamie dimon and the bankers. you see, remember we talked about -- talk a big game. you are -- mean, you are -- then you just take the money and hope nobody notices. there is the money and talk. let's see if these people take any action. joining us now to help us break down what those actions might be, dennis kellerer, ceo of better markets. mike mayo, one of the longest standing and most significant voices in financial research. certainly for 2 -- the span of my career and beyond. he's also the author of "exile on wall street." welcome. nice to see you guys. >> hi. how are you doing? >> great. how are you? >>

it's a big hot mess. >> what about the box office?inning. >> pixar, 13 in a row. amazing. >> $67 million for "brave." >> it didn't get the greatest review. >> no insiders were concerned about it because they didn't think men would go out and were worried about a woman and a girl's movie. they were wrong. >> the audience was boys. >> give them a good story and they'll come. >> throw a bow and arrow in it. >> thanks, ladies. >> thank you. >> up next, jill martin with everything you need to look chic on the beach. [ train whistle blows ] [ ball hitting paddle ] ♪ riding to work, with my best friend pete ♪ ♪ pete, pete, pete ♪ riding to work with my best friend pete ♪ ♪ riding to work with me [ orbit trumpet ] don't let food hang around. clean it up with orbit! ahh. [ orbit glint ] ow...ow...ow. fabulous! for a good clean feeling after any meal. ♪ eat, drink, chew orbit! >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use h

big announcement today. big impact for both stocks. both up. facebook up. >> apple gaining steam intraday, too. i know you're going inside to the belly of the beast and feed us headlines this afternoon. jon fortt along with me here in san francisco. that does it for us here on "squawk on the street." at noontime we'll send it back to hq and the "fast money halftime report." >> thanks so much. four hours to go until the close. here's where we stand. so much for the spain bailout. more red than green on the board today. there's a look at the major averages. dow industrials off by .25. others holding on negative territory as well. gold and oil, yes, we're following commodities closely today. after an initial pop they're both mixed. crowd oil down .75%. gold sly slightly higher. >>> trading the commodity drop. legendary investor jim rogers joins us for the full hour to talk commodities, europe, and the possibility of a recession in the u.s. >>> trading china. should you be buying the dip? john rutledge of rutledge appal joins us on the take. >>> wa

>> i'm a big deliver. now the next year you're being told so i love being in the industry so i don't think we have a problem with it >> so no scars? >> i try hard to not have any lingering effectf> rose: we're not talking about the investor class. >> >> but also the entrepreneur class. >> rose: how about the venture capital class. did it have any impact on john dorr. >> i wouldn't say specifically but... a lot of venture capitalists road off of what was called consumer internet. so internet companies that sell something to consumers a lot of these between 2002 and 2007 would not touch those companies and that's when facebook started and twitter was started. >> rose: but twitter hasn't gone public. are you saying that, in fact, these companies are undervalued? their p.e. ratio is too low and if, in fact, they had an appropriate p.e. ratio their evaluation would be even more stratospheric? >> so... >> rose: sounds like it. >> you want to be careful... i want to careful when i second guess the market. t