and the central banks are dealing jam records that's that's right law and i agree completely with with what rick said if i had to couple months ago i testified before the senate banking committee on exactly this subject the name of the hearing was head of income security and members called income insecurity but the estimate is that there's a four hundred billion dollars per year wealth transfer from savors to the banks because of these suppressed interest rates if you look at where interest rates should be assume normalized interest rate relative to this stage of the economy this stage of an economic recovery and look at where rates actually are and take that difference in applied to all the savings is four hundred billion dollars a year of missing income to the savers where's it going what's going to the banks because their cost of funds is lower so they can make more money on their holdings the government bond so what you have is a massive wealth transfer from everyday americans to the banks being orchestrated by the fed now unfortunately for its last point all these agencies have wh

for this edition of the kaiser report with me max kaiser and stacy herbert our thank my guests jam records author of currency wars it want to send an email please do so i caused a reported r t t v dot are you till next time actually either saying buy out. the official. video. of your.

ping pong ball with me and with our guest as our guest co-host today that was so much fun thanks jam records thank you learning the senior managing director of tension capital partners author of currency wars and thank you so much for joining us that is all we have time for but be sure to come back tomorrow and in the meantime you can follow me on twitter at lauren lyster give us feedback catch any shows you missed you tube dot com slash capital account watch us in h.d. on hulu and from everyone here including our guest host have a great night. pool started here before going global and now it's cooling the fire. log in. to. choose your place change your stand. to. make your statement. spread the word cook coupons through the long. download the official. cell phone language stream quality and enjoy your favorites from outside t.v. is not required to watch on t.v. all you need is your mobile device watch obscene any time the phone.

jams. heathrow airport seeing record crowds. >> we are expecting a record-breaking 237,000 people to move in ar out of the terminals. >> reporter: europe's largest city has been preparing seven years to host millions of visitors. hundreds of extra troops were added just this week to secure venues like the olympic village, the athletes there are excited. >> putting on a jersey just looking at yourself and knowing that you are the best that your country has to offer. >> reporter: at olympic park, there's an 80,000-seat stadium where tomorrow's opening ceremonies will be held, plus nine of the venues where athletes will compete. swimmers practiced at the aquatic center on wednesday. michael phelps who has won 14 gold medals could be the most decorated olympian in history. >> a lot more laid back i think this time around. not only myself but as a team. >> when i was little, i always said i want to be in the olympics. i want to be that. i want to be up there with those people. >> reporter: she will, along with more than 500 other american athletes who come to london to see if all that glitters is

records. people jammed the beaches although the nation's water temperatures in the mid-70s. cooler water in park fountains and frozen treats. >> we were going to go to the beach but i think it's too hot for that. >> i go inside and the first thing i do is stand in front of the window unit. >> reporter: milwaukee set an all-time record high as madison, wisconsin, south bend, indiana and paducah,, kentucky. storm tracker paul, minnesota,'s half marathon was cut to five miles. in philadelphia's july 4th parade, they sweltered as they passed city hall. similar scenes in st. louis, which has hit triple digits for a week a firetruck helped cool off suspects. the oppressive temperatures with highs from the 100s from the plains to atlantic are the as a result of air stalled over the midsection. >> typically we don't see it this hot so early in the season. we are talking about unprecedented temperatures for places like atlanta, st. louis 100 degrees seven days in a row. that is something we don't normally see. >> reporter: if that weren't enough, nearly a million people in 10 states

jam. but let's star with howard, and weather first. >> reporter: another run toward 100 degrees. record is 103 today. tomorrow's 109 is in serious jeopardy. rhettee -- let's talk about today though. temperatures in the 70s and 80s with high clouds out there. code orange air quality, again unhealthy, high near 100 with a 98-degree reading still at 5:00. there is the heat advisory for the immediate metro areas inmont domry and fairfax county. up in the philly area that heat warning looks like it is going to be going through at least saturday evening up there. temperatures this morning, way up there. 83 in town, 77 winchester,

just decided to record some songs. >> started jamming. >> what are you going to sing for us?e tied." >> grouplove in the u.s. hannah hooper, ryan raven, christian and sean gadd. ♪ ♪ take me to your best friend's house ♪ going around this roundabout ♪ oh yeah ♪ take me to your best friend's house ♪ i love you then and i love you now ♪ oh yeah ♪ don't take me tongue tied ♪ don't wave no good-bye ♪ don't ♪ take me to your best friend's house ♪ normally we're making out ♪ oh yeah ♪ take me to your best friend's house ♪ i loved you then i love you now ♪ ♪ don't take me tongue tied ♪ don't wave no good-bye ♪ don't ♪ one two three four ♪ don't take me tongue tied let's stay up all night ♪ i'll get real high ♪ slumber party pillow fight ♪ ♪ my eyes and your eyes like peter pan up in the sky ♪ my best friend's house tonight ♪ let's bump the beats till beddy-bye ♪ ♪ don't take me tongue tied don't wave no good-bye ♪ ♪ don't take me tongue tied ♪ don't kiss me good night ♪ don't ♪ oh ♪ take me to your best friend's house ♪ going around this roundabout ♪ oh yeah ♪ take me to your best fr

it is a traffic jam out there and a record number of fourth of july drivers on the highway today, and it is all about the prices of gas. the government says that there are no specific terrorist threats to worry about this holiday, but cyber warfare against the u.s. is going strong. our power plants and banking systems are at risk. >>> put down the hot dogs, because we have a new champ at coney island. >>> how does such skinny competitors choke down dozens of dogs? we go inside of the world of competitive eating. nd so too is. now get an incredible offer on the powerful c250 sport sedan. but hurry before this opportunity...disappears. the mercedes-benz summer event ends july 31st. ♪ ( whirring and crackling sounds ) man: assembly lines that fix themselves. the most innovative companies are doing things they never could before, by building on the cisco intelligent network. olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice d

jam. but let's star with howard, and weather first. >> reporter: another run toward 100 degrees. recordis 103 today. tomorrow's 109 is in serious jeopardy. rhettee -- let's talk about today though. temperatures in the 70s and 80s with high clouds out there. code orange air quality, again unhealthy, high near 100 with a 98-degree reading still at 5:00. there is the heat advisory for the immediate metro areas inmont domry and fairfax county. up in the philly area that heat warning looks like it is going to be going through at least saturday evening up there. temperatures this morning, way up there. 83 in town, 77 winchester, gaithersburg, 74 if you will. a steamy, sticky mourn. cool spot annapolis at 95. 99 leesburg. take it easy once again. monika samtani, 52:00, relatively quiet? >> reporter: except for the one issue. kevin king on the scene in college park tells us things are beginning to clear up. we are talking about overnight police activity and investigation inside the beltway at college park. apparently you can get through there, but i would be just careful through the area. at le

record-setting heat on the way? on the way? tucker has the answers. >> yeah. >> pump up the jam. and the heat, to today. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> welcome back. 545time and where is the capitol dome in. >> another warm one and that is how the weekend is going to be, too. >>> d.c. parks and rec is extending the outdoor pool hours. >> and on. >> and the hours are extending. some pools will stay open as late as 8:30 and 930time in the evening and that comes as thousands are without power and check your local pool for the specific extended hours. >> and that is so many years. >> yes. yes. >> and that is great. >> anything you can for relief. >> yeah. >> and some water. people to the beaches? >> yeah. >> with the air conditioner. >> and have it on full blast. >> yeah. >> and a good movie, mostly blast. >> yeah. >> and some good -- good food. >> okay. >> and that is from our weekend. let's get your numbers and i want to mention that toda

jamming with mccartney, don't bug me. i'm happy in 1776 we declared independence from britain. >>> mitt romney says attacks on his business recordst and it's an attempt to distract the american people. >> they're going to do anything, talk about anything other that be their failed record on the economy. and that's really what the american people want to talk about. they're not sitting around their dinner table, they're not at the store talking to their friends about mitt romney's resume, when he left bain. they're worried about their own tax returns and jobs. >> arkansas republican congressman tim griffin joins me now. thanks so much for being on the program. >> thanks. i'm still shaking my head over a 10:30 curfew in london. >> you and me both. question to you. about this issue of mitt romney's tax returns, bain capital. you obviously hear his campaign saying they want to talk about bigger issues. should there not be more transparency so we can do away with these things about talk about the big issues like the economy, two wars we have going on? >> well, they're releasing their returns and you know, i think the contrast here is

jam. 11 for durant and then lebron just being lebron. he had 30 in the game. and team usa wins 80-69. one more nugget for you, san jose earthquakes forward chris wan doe lou ski recorded a hat trick, the third of his career. added an assist in the 5-nil drubbing of real salt lake on saturday. he currently leads the league with 17 goals any 20 games. so all in all, a quiet night locally but it's back to baseball on both fronts tomorrow. the rangers in town to play the a's. the giants starting a big series in atlanta. >> huge for both teams. thank you, scott. >>> we'll be right back with the president's kiss and a snafu at tonight's team usa basketball game. back to the verizon center, up on kiss cam a moment ago. a presidential smooch. >> there you go. proof no one is safe from the kiss cam. tonight president obama gave the first lady a smooch for all to see during the game in washington between team usa and brazil. this was the second time the cam had focused on them. the first time there was no kiss, only a smile from the commander in chief. he got a second chance and a until from daughter who said, daddy, kiss her. >> everyone's watching, dad, come on. >> puleeze. s

opened fire with assault rifle in a jam packed audience of midnight showing of batman movie. 71 people shot. 12 died. they arrested a graduate student with no recordiminal activity. they do not suspect terrorism. we have new details and extensive team coverage from aurora. the tragedy forced the presidential candidates to last-minute changes on the campaign trail. reaction from president obama and romney. in another big story, syrian troops and tanks stormed damascus neighborhood driving rebels from their position. op analysis forces began new attacks in other part of the capital city. what is new there? "special report" starts at 6:00 eastern from washington. now back to new york and my colleagues with "the five." ♪ >> kimberly: this is a fox news alert. we have new information from the scene of the alleged shooter's apartment. fox's mike tobin is on the scene. >> reporter: hi, kimberly, hi, everyone. you can see this is the apartment behind me that we are talking about. you can see where the windows was broken out and first responders and the bomb crews trying to get inside the apartment and look around. you can see the big ladder truck out here

jam. >>> sexual assault allegations made against someone who worked for him. so why does he get a $300,000 parachute? >>> this man legally blind. he just set a world record seeing what you see him doing there. my volt is the best vehicle i've ever driven. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ ♪ i want to go ♪ i want to win [ breathes deeply ] ♪ this is where the dream begins ♪ ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium. solutionism. the new optimism.™ ♪ this dream with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help.

jammed as the result of an early morning accident and shooting. the video on the right-hand side was shot by yolie. as she passed the accident she recordeddeo in a moment, you will see a car, there it is. that the car that the police were chasing at a high speed they cannot handle the s curve and then they slammed into the wall and according to yolie, gunfire erupted shortly after. now the scene is all finished, they're investigating and as a result they have all lanes of shutdown at times. on the left-hand side with a live shot traffic is not moving at all that is a big change because just about five minutes ago of these the cars were getting by on the far left lane now look like they have stopped. maybe they're moving some equipment around. we will the place from her--we will the latest from her live on the scene. let us find out what george has learned. >> george: past the scene of this accident only one lane is open. that is why we see traffic at a stop as the yolie reported a little bit earlier, the chp requested help from caltrans. caltrain has been attending the lane closures across the bridge making it somewhat more gradual but f