he brings sills even having sumner as his loss.s enormous increase in wealth since the market bottom. his net worth quadrupled to $4 billion. he owes a lot of rise to phillip do you mean man and les moonves. the stock is up 260% from the market bottom in. cb. under les moonves up tenfold, 1,000% from the bottom. you get the feeling sumner redstone realizes, given the statement he put out for fox biz in response to the story, quote, phillipe is doing an outstanding job running viacom. there is no one in the world i trust more than him. he will always have an enormous role. so we'll see. melissa: this would be fantastic reality show. wouldn't that be enjoyable? >> it is fantastic. melissa: follow all the people around. >> i have a copy of a letter from 2007 which sumner wrote to forbes when i was manager at "forbes" criticizing his daughter sherry for trying to assert her right to become chairman of the company. saying if i have to i will have the boards remove her. now they're back together. sumner got in trouble. borrow hundreds of

sumner redstone in the wall street journal today set up a new controversy over who might succeed him 90 years old. sumner saying his 50-year-old daughter cheri who runs the family theater could run the show never mind that they have feuded in the past but that would be an enormous betrayal to this man, viacom ceo of philip doman who was assumed to be in control and some nehr in a few years ago was in a bitter feud with his daughter as she tried to push for the right to succeed him. redstone tried to douse this with the controversy saying philip is doing an outstanding job and there's no one in the world by trust more than him. he will always have an enormous role. cheryl: seems -- i understand the family dynamic but dauman has been ready to run the country -- dennis: that man -- sumner has control for the last moment. cheryl: let's move to entertainment, interesting on halloween. these celebrities have serious money in the bank but they are not near their atms. forbes releasing the list of the highest earning that celebrities the past year. bob hartley, the state brought in $17 milli

travel dozens of blocks to a black elementary school but her home was just seven blocks away from sumner elementary, an all white school. >> i had spanish american play mates, i had native american play mates, i had white play mates and we played together on a daily basis. but when school started, they went one way and i went another way. >> her father sued the court of topeka. the naacp class action lawsuit that would forever bear his name. marshall argued the case before the supreme court. >> this is a part of the grope of lawyers from all sections of the country who are airing the supreme thought for the purpose of arguing the school segregation cases. >> reporter: on may 17, 1954, chief justice earl warren handed down the unanimous decision that separate educational facilities are inherently unequal. the ruling struck down the basis for segregation in kansas and 20 other states. >> this is little rock central high school. >> reporter: it didn't bring an immediate end to segregation but it marked the start of an uneasy transition in education reform across the country. it also layed t

kim sumner-mayer, senior advisor, phoenix house center on addiction and the family new york, new york, what is the definition of family within our society currently? that's a very good question. family has changed, the definition. we used to think of family as two parents living in a house with two children and probably a pet or two. now, we have a wide variety of families. we have families that are one parent, single parent, being raised by friends, being raised by grandparents, relatives of all sorts. the good thing about that is it brings the ability of a lot of diversity, a lot of ethnic cultures are different, and i think that across america we have a lot better chance to have families describe themselves in the way that is most comfortable for them. and, nancy, it goes even beyond that. it goes into same sex parenting. it goes into a whole host of other issues, correct? yeah, and i think what's important is, as fran just said, you know, it's how the individual defines for themselves who is their family. you know, i am the adopted mother of two children and i have also biological

. >> but just to speculate did abraham lincoln know what was going to have been in fort sumner? >> he did the trick anybody. he had every reason and to expect seveners would react. he was told a few days before by seward and others. in the use of force of coercion against any part of the confederate states would result in a war of other states. lincoln told the man who had devised the relief plan that things have worked out find -- mine. he also told his best friend he was glad things worked out for the best. it is hard to believe lincoln did not expect them to shoot that he could help that they would not. that he expected them not to i think is too much. he told the governor would you is doing. not jefferson davis but he sent a message and said i am sending in food and medical supplies. no guns will be fired this notre currie. they might have believed they would send supplies because it is tune complicated right now the confederacy decided they had been misled. that was our friend mr. seward. >> mini people think one of the worst presidents of the united states was president yo

vandals in tennessee and those in tennessee placed a derogatory bumper sticker on the window of the sumner county democratic headquarters. reads the bro it is ho got to go and obvious reference to president obama and first lady michelle obama unfortunately is sort of racially charged attack on the president is nothing new about the campaign season other racially charged displays include the hanging of an obama effigy in the front yard of texas and a depiction of the president as a witch doctor in new jersey these kinds of displays and these racially motivated attacks have no place in politics or in american society and the very very ugly mike huckabee huckabee the former arkansas governor and presidential candidate lend his voice to a new ad put out by value voters usa an organization that claims to be christian and non-denominational citizens who believe americans should vote based on life family and faith and the ad huckabee argues that christians across america must quote vote based on values that will stand the test of fire or in other words i could be as saying that anyone who doesn't

when you put lawrence sumners in and timothy geithner, you are clear about it.ould have voted for you. that's why i came on this show. seriously, you had the right mentionmessage. i'm not trying to flatter you. and i thought obama in that speech he gave when running against hillary he nailed it. wall street gave him all that money. now wall street has betrayed him they think the best defense and offense and they're going to play him now. >> eliot: i thought wall street was smart enough to understand that he used rhetoric that was edgy but did nothing that would hurt them. but they seem to be soaked in rhetoric that even pinks them, and now we're not with you. >> they're shameful. >> eliot: before we spend too much time just on that, chr chrystia the jobs numbers is this the last piece of data that would effect arguments. >> you're absolutely right that is going to be a pivotal moment. with a is interesting it looks like the economy is really healing. the g.d.p. number is pretty good. we're starting to-- >> eliot: pretty good on the context of diminished expectat

former banker, i knew from the outset, cenk when you name tim geithner as treasury secretary and larry sumnersegraphing to wall street that it's basically going to be business as usual and you're not going to change that much. he definitely should have been much tougher on prosecution. there should have been criminal prosecutions in this crisis, and he didn't allow that to happen. the fed in qe 1 qe 2 and qe 3 saying we're going to to keep interest rates low and he should have been much tougher on dodd-frank. it's not a good piece of legislation. they needed a real piece of legislation to get tough on bangers, and that did not happen either. i wish he had done what you said, but unfortunately he didn't do that. we knew it from the outset. >> cenk: bill, one quick thing here as usual as we get in those conversation we're stuck between a rock and a hard place because there was a name floated who might have been treasure secretary under mitt romney, and it was john thain. it's mind boggling. no matter how frustrated we are with obama romney is going to be worse with how solicitous of wall street

. >> reporter: take sumner baker a supervisor.e makes more than $100,000 a year. >> he is backing out. >> reporter: we watched him take this rented truck at the caltrans yard and drive it home and back to work day after day. >> 10:50 in the morning. >> reporter: on some days like this one he would leave the office a few hours after he got there. >> going to the liquor store. >> reporter: and stop at this liquor store not just once -- >> he is getting in the car. >> reporter: -- but again and again. the clerk even knew what he wanted. >> one or two? >> two. >> reporter: he would get two small bottles of liquor sometimes suffering them in his pocket. >> $10.41. came out of kohl's. >> reporter: we would also see baker using the truck to go shopping at kohl's, home depot, costco, even buying a case of wine at von's on two occasions, all the time using the rented truck and gas paid for by taxpayers. mr. baker, david goldstein with cbs 2 news. >> reporter: we tried to find out how he got away with it. why are you buying wine on state ti

i spoke with secretary larry m sumners a few weeks ago and he can't get it to work, either. >> the reality is that every expert that's looked at it has found that cutting taxes by 20% costs $5 trillion. >> let's just get down to this. we understand this there will be certain revenues that will come in, there will be certain revenues lost and there is a certain amount of growth that will come from the fact that you let people keep more of their money. the issue is how much more growth you get from that. am i right? the issue is how much better is the economy because you have given everybody a discount on the taxes that they pay. that's what we're trying to get to. we would be able to do the math better if we knew exactly what that benefit was going to be. >> look, ali, this is something that economists have been studying for a long time. alan krueger, who is the current chairman of the council for economic advisers for president obama, he surveyed economists and they said something like the romney plan -- they were actually talking about the '86 tax act after which the romney plan is modell

since then, the super pak sets and in a huge wave is sumner. when romney wins, he does not have the money he needs to compete with obama. he relied heavily on super pacs to do is advertising. this is not technically coordinated advertising. trevor can get into the realities there. it had some obvious positive affect in holding parity with the president as he issued a blistering attack against romney this summer. it has shown to have clear weaknesses. both campaigns will tell you this. the super pac did not follow a simple narrative might be obama advertising did. the obama campaign built a story line starting in april that tried to portray mitt romney as a certain type of person and then they presented it as the months went on new evidence. there is the offshore tax havens, etc., and they built this story line in a swing state. the super pacs operating independently were not able to build that. you have situations in which two different super pacs would have conflicting add in the same market supporting mitt romney. one would say that barack ob

since then, the super pak sets and in a huge wave is sumner. when romney wins, he does not have the money he needs to compete with obama. he relied heavily on super pacs to do is advertising. this is not technically coordinated advertising. trevor can get into the realities there. it had some obvious positive affect inholding parity with the president as he issued a blistering attack against romney this summer. it has shown to have clear weaknesses. both campaigns will tell you this. the super pac did not follow a simple narrative might be obama advertising did. the obama campaign built a story line starting in april that tried to portray mitt romney as a certain type of person and then they presented it as the months went on new evidence. there is the offshore tax havens, etc., and they built this story line in a swing state. the super pacs operating independently were not able to build that. you have situations in which two different super pacs would have conflicting add in the same market supporting mitt romney. one would say that barack oba

he dent liidn't like it when hed with sumner. >> job will be with us for the rest of the morning. guest that john fortt, our technology correspondent, has sitting with him right now. take it away. >> thanks. we're actually standing. i'm here with microsoft ceo steve ballmer. big day for microsoft. windows 8 launching. we have a bunch of pcs we're going to look at in a bit. i want to set the stage. the pc market down more than 8%. traditionally i think since 1995, new windows operating system hasn't spurred them in but you think this time might be different. why? >> windows 8 is about enabling new creative, imaginative devices. pc notebooks, pc desktops, pc laptops, but now pc tablets as well that you can touch and interact with and are alive with information in a way, frankly, no device is available on the market today. >> and you got the surface tablet that you're also launching. microsoft made this, first time you've made and sold your own windows hardware. tell me, why is now the time to do that. you've let partners do it before. >> it's a unique opportunity. we've remanaged wi