i have former police chief and david evans, a criminal defense attorney, special advisor to drug freerica coalition. let me start with you, neil. you're the head of a group of law enforcement officers that want to stop the war on drugs. what is the reality of that war? >> the reality of that war is very, very dangerous communities, and it's a nightmare for law enforcement. we have thousands of murders across this country every single year. we talk about the numbers of murders that we have in mexico, but no one is talking about the murders in our country. back in 2009, journalist and i estimate that number on the low end to be over 6,500 murders that are the result of drug prohibition policies right in our backyard. let's reduce the violence we have in our communities, stop filling up the jails. the jails are not institutions of higher learning. these folks go to prison, come back out into the community, can't get jobs, but the drug trade will hire them back into a violent cycle again. >> david evans, that's undeniable true and yet, you would wish to crime lize marijuana, why? >> it's

david: charles evans as we mentioned would not rule out the central bank pulling back in the bond buying program in sent. that is lot earlier than he said before. the markets have begun to digest a world whereas set purchases are finite. liz: the department of justice suing bank of america for allegedly defrauding investors in connection with the sale of more than $850 million worth of residential mortgage-backed securities. the doj says the bank failed to conduct due diligence on any of the mortgage loans. david: also sony has reject ad proposal from activist shareholder daniel lobe to spin off part of its entertainment business after actor director george clooney brassed lobe's plans. sony said holding full ownership of movie and music division was fundamental to the future. liz: the shine coming off gold a bit today, falling below $1300 a troy ounce as you see, 122. that decline is the sixth session in a row. gold declined nearly $20, ending the session as you can see, 1282. david: they agreed to pay sec almost $50 million to settle charges that misled investors in a marketing deal th

en el camden yard, evan longoria y matt joyce conectaron jonrÓn, david price sufriÓ cinco entradas paralos rays de tampa bay derrotaron 4-3 a los orioles de baltimore, en un duelo entre contrincantes de la divisiÓn este de la liga americana. el abridor de los orioles, chris tillman, concediÓ cuatro carreras y cinco imparables en seis episodios, en su primera derrota en siete aperturas desde el 6 de julio. hasta aqui ayer les hablaba sobre la fecha de juicio para el atleta sudafraicanoy hoy se sabe que ls de oscar pistorius y su novia asesinada estÁn en contacto, segun un abogado de los padres de reeva steenkamp. la comunicaciÓn entre las dos familias es para un posible acuerdo extrajudicial para compensar a los steenkamps por la muerte de su hija a manos del atleta olÍmpico con las piernas amputadas, segÚn reportes de la prensa sudafricana. el diario sudafricano times reportÓ que los padres de steenkamp piden unos 300 mil dÓlares. hasta aqui los deportes tendremos mas esta noche solo a las once en vivo antes de finalizar, les presentamos al nuevo integrante de la primera familia de los

en el camden yard, evan longoria y matt joyce conectaron jonrÓn, david price sufriÓ cinco entradas para rays de tampa bay derrotaron 4-3 a los orioles de baltimore, en un duelo entre contrincantes de la divisiÓn este de la liga americana. el abridor de los orioles, chris tillman, concediÓ cuatro carreras y cinco imparables en seis episodios, en su primera derrota en siete aperturas desde el 6 de julio. hasta aqui ayer les hablaba sobre la fecha de juicio para el atleta sudafraicanoy hoy se sabe que ls de oscar pistorius y su novia asesinada estÁn en contacto, segun un abogado de los padres de reeva steenkamp. la comunicaciÓn entre las dos familias es para un posible acuerdo extrajudicial para compensar a los steenkamps por la muerte de su hija a manos del atleta olÍmpico con las piernas amputadas, segÚn reportes de la prensa sudafricana. el diario sudafricano times reportÓ que los padres de steenkamp piden unos 300 mil dÓlares. hasta aqui los deportes tendremos mas esta noche solo a las once en vivo antes de finalizar, les presentamos al nuevo integrante de la primera familia de los est

brian evans, tare from bnp, and david smith from rockland trust. brian, up first, 30 seconds.tching? >> watching for hundreds of companies reporting earnings as they drive the markets. in fact in the last 12 months, the s&p 500 is up 21%, whereas my earnings based-managed etf is out 36%. ma macy's and others. finally, the producer price index, a big decrease from the last report, good news for the bond markets. >> all right. brian tare, what are you keeping an eye on? >> the u.s. natural gas market. up 2.5% on the week. but the investors are going to give back the gains tomorrow. in front of the storage release on thursday. as you might be aware, the weather has fallen off the cliff, we are now seeing the summer, it's much more mild, natural gas demand is waning, and we see natural gas prices under fire. they will be under pressure for four weeks. tomorrow, selling. another lee on the week tomorrow. >> thanks so much. david, over to you. 30 seconds. >> yes, we have two fed presidents, lockhart who said data doesn't show signs to pull back on quantitative easing, and bullard to

you have got labor, chamber of commerce, evan impel calls, student groups, name it, supportive of a bill. let's get it done. thank you very much, everybody. david: president of the united states taking a lot of different questions, some which affected the market directly as per are attended who he would choose as a replacement for ben bernanke as the chairman of the federal reserve but spending a lot of time and a lot of passion in particular on the issue of health care. peter barnes was watching along with us all. he is closer to the action than we are. let's go back to him for reaction. we knew, peter, he would be talking about the nsa and about the surveillance program. well, peter is not there yet. he did in fact mention a couple of particular things that he was going to do to address concerns of americans about that. [closing bell ringing] about which we'll talk in a moment. meanwhile by the way the market was down big-time. we'll talk about the market in a second. but, peter, i was urprised how much time and how much passion he spent on the issue of health care. clearly he sees this as his signature piece of legislation over the two terms

david. >> thank you very much, mr. santelli. bond report. >>> kelly evans joins us here.eling that i know what you may be talking about. >> rick keyed that nicely going over what's happening with rates just now because if anyone is wondering what's happening with stocks down, down 160 points or whatever. it does have something to do with what's happening in the ten year. we've got to talk about the ten year. we saw because of things improving in europe already that was pushing for example, german bond yields higher, and putting some upward pressure on yields back here at home. then we got the jobless claims this morning showing the nice decline and one of the lowest levels in years. that gave us another leg up. as one of the analysts put to me, now the question is not so much can the economy handle rates here so much as what keeps us from hitting that next key level of resistance on the ten-year, is it 2.85%? we've already been at $2.82% which is significant. we're going of see stronger u.s. fundamentals and probably see some pain continuing in what's happened this month

i'm carl quintanilla with kelly evans and cramer and faber are off, and joining us is david berman, editorinance guy,

i'm kelly evans on this wednesday morning with simon hobbs live from the new york stock exchange. carl will join us later. jim and david see you. >> futures are under pressured and concerns the fed might scale back the bond buying back programs next month. the dow is down 29 points. we're off the lows of a couple hours ago. overnight in asia, yen was strengthening. los

i'm carl quintanilla with kelly evans and cramer and faber are off, and joining us is david berman, editorall street journal," and another finance guy, welcome to you. >>> and of course, the latest lightest volume of the year yesterday, and the fed may respond to dday later at the fe meeting. and today, the publisher newspaper business, the "post" and can he do for papers what he has done for books? >>> and the big black and blue ibm shares falling under credit suisse. >> and michael kors up strongly after sales, but american eagle outfitters are losing altitude after issuing a profit warning they post in a couple of weeks. >>> meanwhile, a stunner the world of media, washington post selling the newspaper publishing businesses including amazon to jeff bezos, and julia boorstin has more on that blockbuster deal. >> this news took everyone including editors and writer at the post by surprise. the washington post's company whose name will change saw the stock rise with caplan tech being sold and now what the billionaire icon plans to do with the newspaper. jeff bezos stressed what a newspaper

i'm kelly evans on this wednesday morning with simon hobbs live from the new york stock exchange. carl will join us later. jim and davidre both off this week. good morning, sir. >> good to see you. >> futures are under pressured and concerns the fed might scale back the bond buying back programs next month. the dow is down 29 points. we're off the lows of a couple hours ago. overnight in asia, yen was strengthening. look as well, we will follow what's happening with the nikkei. down 4%. here's what's happening across europe. the bank of england saying it plans to keep interest rates at record lows until unemployment falls to 7% or below. so a mixed trading session. we will have plenty more on that later in the program. also in our road map this morning, disney's third quarter results top estimates but its movie studio takes a hit on the "lone ranger" flop. >>> morgan stanley, facebook saying that video ads constitute a good chunk of revenues by next year. >> shares of ralph lauren are unraveling on weaker guidance. >> dan lobe is backing off sony for now and is telling an angry george clooney they have more in common t

quintanilla with kelly evans of the new york stock exchange along with mike santoli, senior columnist at yahoo! finance. faber and cramer are turning this weekend into a five-day weekend for davide asking what's my motivation today as likelihood of a strike on syria still very unclear. personal spending, barely rising. we're going the close out the month of august today thankfully barring a

quintanilla with kelly evans of the new york stock exchange along with mike santoli, senior columnist at yahoo! finance. faber and cramer are turning this weekend into a five-day weekend for davidgood for them. futures like any great actor are asking what's my motivation today as likelihood of a strike on syria still very unclear. personal spending, barely rising. we're going the close out the month of august today thankfully barring a massive advance. it will be the worst month since may of 2012. europe still in the red as well after german retail sales unexpectedly dropped. >>> road map begins with markets in a holding pattern on this last trading day of the month. while deliberations by the u.s. and allies over intervention in syria stretch on. meantime, a new nbc news poll finds roughly half of americans are against military action. they are kicking off that iphone trade i told you about earlier. >>> and ge reportedly set to spin off its consumer lending business. we'll talk more about that, too. futures pointing to a slightly higher open on the last trading day of the month as fears of imminent military action in syria ease. the uk voting against joining any military actio