who shoululd be our next btt chairmanan our k kudww caucuss ves andnd can you. there'll bee a bunch of susuririse fasten y you seatbeb, everyone, t theudhe kudlow repo begins right now. there we go. good evening,everyone. i am larry dldlow welcome b bkk to "the kudlow w report," where, yes, believe freemamaetapapitism is sllll ththe stst path to ososrity. u know what, w wheererhe rrrren policies are causing the u.s. to lose competitiveness i ee globalacac for capitalal an prospepetyty. "fortunene" gagazi reports the number of u.s.s.cocoanies in t world's top 500fell to its lostst level ever. re chinesefifirm than ev fore, 37,mama the list,ththat includes nine new entries and hehe climbing u e rks. the number o of american firmsm fell too 1.. atat i thehe lostst since rtune began thatisist in 1995. that is n good. meanwhile, c chi also surpassed e u.s. as t world's biggest automaker inin t first half of 20 with june s sal soaring 36 1/2% froromthe year earlier inine registeredd1616.1 mimiioi rrales from ththe firstst lf of the year d way outpacece americicanalal

>> there's's a lot of speculati out what happened andnd wt dndn'tappen. m not going t toalalk about it it's a very sensitive program. the inspectors genenell not only n naiddush inanother lili anotothecrcre, but al i orderingng oerer secret surveillance which hasas stl nt been made blblic and d th w wen his white house got its f fst p po 9 threat assessmementtt papaddhe language andnd insesert s own paragraph whwhicitit later q qu justification foror the o oth secretetsurveillance. ththe panettata admissioion. whateverer hfofoun outbobo a secret ciatel progogra he stopped, house intelllligcece subcommittee on ovoveigig andnd invevestatatio chair says instigations are mandatory because laws may have been brokenen ensign pulverized.d. theenenatial scandadall tns rcrcal. >> basasiclyly athe same time you said i'm i love withth y yo wiwifeou can't workoror me anyn more >> how members he christian oup the family forced senator ensign to write cindy hampton a letter cutting off his affair and took him to fedex to send the leer to her overnight. and then howhe s

andnd ithey go awaway her they go away fulstop. >> they're g gone.e.'s what we have to try to p protect. >> rorte o one place lurs s are e protted is a at parks like is one. heree sebamboo lemurs owned d lelemursrs brbrowown lelemursrs.. and mymy favavore,e, d dcing lurs.s.>> t ty y look ridicouous. epter: they areadorable anand d mischievous. but conversasatiests f fear at on, zoosos m may be the o only places the lemur will play. daharris, ababc wsws, magascar >>mazi, anatat's "wod news" for ththis wednesdayay.. i'm elizabebeth vargas. for chararlilibson and all off u us at abcewews, good nighght.t.

global econonomy and c cmamate change front andnd cter on day two.e group vited five of the wold's delolong ececonieies jojo the meeting. nbs chuck todd is live in n italy. chuck, wtt has been accompmplishofar? ything significant that t will show up i every day people's lives over the next yarar or tw ininhe states? well, caos, that's thehe strugglele herwiwi this imimat you u owow for years the worldas be crical of the u.s. that ththey hadn't c cmeme lolt enough on this clilimateissues.. they are trying to c cmbmb aboa. the u.s. haseen doing it. presididt t oba has b been pushg it. he feels likeke hgogot somethin to bringng back to th grouppff nanaons say,hey, i' pushing thth along, my legislatative b got ithrough the house pshshing it thrhrghgh t nana. this issue of imimate shoes yo y y th-8 meeting inome ysys is lilile out of date. g-g-isn't where this s sffff i decided anymymore. it's when you hahavehihinan the omom and indndia ithe room dd brazil ithth rorom.m. it's thosese countries t tatat putttting hold right now on anytythingajaj having a b

. >> andnd i s stt wapner in thth u.s. a call i iseing made from a second s smulus packagege from member ofprprident obama's economic advisory panel. >>> hellolo and w welme to nbc' "worldwide excxcngnge." now, we arare just t ititin for prprescoconfence in moscow. thee n newcoconoc school moscowow president obama is e too give a speech faiairl shortly. pu your noticeinin if hee turns upupwewe'lbe going strtraitt ththeras he r rndnds up t ruian talks w wit president dmeet theoryry medvedev.. the cnbnbc ftsee30300 is jtt of pot,t,s you can see. eueuroan stock m mkekets are of h houinto the trarangng day. the fee 1 is up marginally algg wh the xexeaa dax. resoururcearare slightly strong alonong thth banks, fananals, chemical servicess a strongnger at the momentt and 're seeing weakakne i in telecoms, auauto health chiropracacto f foo and bevevera.. on the currerenc markets, ththen hahas enen edged up a agast th eu/sterling today. dollar/y/y, , do to 95.17.7. ro/dollar, low 3939. stlilingollar, 1.6199. we were sort of lowow 6

stj on the high end andnd btoto scientific o othe low end. two cardiovascular plays, onen knor its consisteteyy and o o i've liked for thehe tn n ound potetentl.l. also, , t theay, we talked about wellpopoinwiwi rebecca jarvis toyy on "streett signs." wellpoint's got the least exposure to t the mecaca advantagage program. that means it's not g goi to hahave the numbersrsut like t hms. fifilly iikikegill ad,, which i think will surprise to t up side becauausef f efafabuus titiag and a abbt labs, but has been kept baback by t the e his jabber. ththe two, whichch i bhh ownoro mi charitable t tru will be the new winners. aiai not until t smoke cleaears , , we didn't want toto lose oi. that's why we're getting k kild here. i'i'llavav more ththouts, but th fact i is oil's got a buililt- weakakssss. it's veero umum. 6 the consumer, consumer manufacturer. health care, o on e e otr hand, can have reall long-term owth, enenn a slowdown. i they i emerges ahe sell-offff, kiki a rightful place with financials and d tes. the same combination, by the way, t

tal becacaus w we have a stalelema h thth conditions spoportg the markrks d d e worry ababou tt head andnd s sulders break dodo and putting pressurure h himlf. could d e eitr way. noecision yet. >> whwhatbobout your de? weetet this issuance and p peoe still seem tokeke buy together ery type. betttterhahaexpected auction. i will tell y youwhat. the auctions werenen the oblem. 30 w w as pristine as yesteterd, but the job b isonone. onon agaiain, as i said every otheher weeeek you will havee 1 llion or there abouts.s. i think the big story is the yields arar higher thann t ty we yesterery,y, b the dollar is gettingmacked and down a full center a a c clo it. thth d dolr indexexss one othth reasons, thehebrbrish and th nknkofenenandnonot increasing. phed the rates up dd this continueuetoto ba story in theh ey of mamanyo o trto have a macroview w ev on microview points that t uslllly ist on trtrining oors. appppciciatit. n n lley as yoyouhave seen is a bebetiful place. ththe h hdldlin are coming outo he as we have e bemphasizing e e anhing but.. 250 plus businines leadede a ar hehe and ourrake a

. >> andnd the new phrasese st add to the u urb dtitiony, pullin a papali we have a a few morere phrases add, like writing an enengngn kiking the o appapalachnn trail. alll t th and more now o on "countdown." >> i i used i itoto oanize a hikiking tp.p. >>>>> od evening from new yyk.k. the samerereblicans whoayay we cannot trustst theovernment insisted t tod there is one agagcycy aovesuspicion, o one governmentagagen which would neneve e evelie, the cia. thisisespite today's aisison fr t the c c while it i i not ca pocy to l,, it w wtsts cdit from the cia director telling cocoress when the cia lieded anyway. revealing thatirector leon opinion eta tdd congress lastst momont just, ju as h hse speaker ncy pelosi said the ciaas slsled congress since 200101. after congress mememrsrs reveal letter referring toecret ststony he said, y t tesfied you have determined the topia officicis s coealed significant actions fromllll members of congssssnd misled mbebers for auuer ofyeyear om 2001 t thisweek. babaseonon tt, the democrats askask ed p petta. stood byhihis statement conceaeangng tngs from congr

chard, so meredithh whitney cos out yesterday andnd makes a big call? where was she on june 5th wheh you made the callll? >> that't's rit.t. we upgraded t this stock ovever montnth ago and put out very hi numbers. i mean, i think t the whole mart now knowsws cleay goldldman is going have an extremely goodd second quararter. so i thihink upgradiding the st one daday before the result is perhaps a littttle late. but everybody knknows the fixed income tradi performance of goldman willll be extremelyly sg in t the secd quarter andnd tha will drive thehe overallnumbers. >>>> i liketthat, sayining mere whwhitneyas a little late rather than sing you were eaearly. i will t take thaton this ow. we like that. t's look ahead t to the rest of the nancial ctor. what are goldman'ss numbe goi to mean fofor the re of the fincials, if anything?? >> well i think all thehe univerersal bank are going to have good nuers. this incdes gp morgan, nk of america and merrill. so their investme banking divisionwill be very strorong and ththat's going to go some w to oset some big

i think what's rlly going to help the overallarket is the guidance andnd t reports that t the financials have e xtxt week. i meme, , ifhe banks can make money, that't's ining be a clclea signal that the marart ta o oortunity to move h hheher sht-t-rm. i thinink the second ququteter eaearngsgseason is going to be very simimil t tthe first quarter,here therere's an pectation where 5%5% o earnings were goingg tbebe belo. d i think what you'ree ining to see is some of whatapapped in q1, where % of the companies in the s&p 500 werere lele to bebeat now, thehe guidance i is going e ke but most of that guidancess going to b be somewhat obscured because e th pture is not really clear atomomof thesese companies and ananaltstseally ve to work off ofhat. butt if you factor intntsosortf the improveded enonoc condition i i thk you're going to s a somewhat better eninis enroronmt and the market moving up from here. >> thank you so mumuch goodod tsisi guys. we have 45 mininut t to in the trading sesessn.n. as i said, we are holdi iningnn modest gains a acrss e ard. naaq up 12 here. mfs investment manag

i think thehe white house h to think long andnd carefullll abo hohow rdrd are you willllggo puh forr this? how much capapital railroadd willing g expend? three, i ththin it leads to perhaps aececonood o new spendingngmomounin to the statates it's hard to m make the caseho aree fang hardship, cacaus state constitutioions ruiui that they balance theirir udgets. unememployntntenefits will have to be extended, and i thininko mamaneneed apayroll tax holiday. you u ha t toive busineses a and consumerers meme confidence in e short term thahat we're doing te right thi,, that m mon can be injected. u have to do what t the stilulu didndn'too froro e outset, w wh is to put m mey intohehe sstete. it will l wo,, just t tkekeore time.. you needd s somhing to put mon intoto t system immediately. >> pat buchanan, letet me guess the poll in ohio is a disasaer for obama? >> nonot atall. neneray ohio isis a sngng state and he'sort of gett close to the swing position, but what is should tell obama to do is come home andnditowown with t ecomom advisers and say, lolo, weave astimuluspapaage 6%6% off gdgdp

the f fincici levelels are noto whatat tyy were andnd they have cash andnd nd d deploy the cash andnde shsh. >> you wanted to g getn n the. >> that are g goe to whatarar wasasayi. wasasayi. it's a m mteter timing. thcommercial lnsns are thcommercial lnsns are exexctctedo have more ththanhah afterwards. afterwards. ererthree prorobls s wi thth.. mber one, because of t the property devaluationons dd ghter underwrwrining standards, ghter underwrwrining standards, an estimated 2/3 wl not be refinanced andumber t,, one of the uniniee things is lotfff0 ememere closed wi legal agreement t an pticipation and pulling g in servicing agreemen pulling g in servicing agreemen and trust willrevent a lender from being a abl t t extend or modify eveveifif they want to a modify eveveifif they want to a number three, there isis n mortgage momoy. wewe wl see a a t of extensnsns, negotiated somehehowrr foforeososes this year m makgg ththnenext year or t two a goode totobuy. >> thank y youotot appreciatete t >>>>hanks for having us. >> t tak caca..'s >>>> aopop near and dear to my heart. >>hett butler is

choose aleve andnd you cou start taking few pills. just 2 ale have the strength... to relieve arthris pain all day. >>> welcome back to msnbnbc. i'm carlos watsoson. >>> los angelele roner's offe s subpnaed medical records and fileles from doctcts who trtreated chael jackson. could therobe into h death turn to a criminal case? joininggs now d abramsms and nbc chief l lal analyst and back my co-host,jean chatsky. does this have any presesence dense inerms ofof going after doors who may have ovovprescred medication? >>igh profile cases whenen you have a d dath and severe injury d peop believe doctotors are responsisible you n't want to be the ddoctor. it means you have to dealith a lotfdminisative investigative isissues. remember, the are very implicat investigations. wh because there are e aot of doctorhere involved and you cocould havene doctor o legitimamaly prescribed one thing a and another doctoto prescribe sosomethinelse and another onehe same thing and thenichael jakson withohout telling the otheher doctor decides totoake a cocktail. i'm not sayi that is what

s whe e inlting quitters >>ememing and rereomomfoable to jtt keep your h hdd doan and plplot along andnd appease thoso are manding, hey, sit down a and shut p. that's's t qutter's way out. >> rumors were a about the construction of herhohoe or embezzlement or m me e eths violationors bestofof all enen she'squitting to r for presididenbubudoesn't wantoo keke the people of alaska pa her lalary while she d doe so. which is, ocourse, she makes em do when shee w runniningor vice preresintnt. >> she knowows exactly whethero pass thehe bllll so the teaeam wiwi and that's what i doingng. keeping our eyeenn the ll >>>>rurunng off the court. ououof the gym, through t t parking lot and out to.. paususgg oy tothreat tone s sue a blogger for it was only gogoss.. the tless f fr itstarget, annon momoo. her popolicacal future a a nonw

i am leaving thihi debateinin yr cablblhands, they dodott undedersndndax wedge andnd capil d tax rates.s. >> the only t thi we canan do i keep pprehing, preaching. >>>> atat what we'redoing. >>>> "bcbceports" starts right now. if. >> tonight oncncn reports," standing tall behinind the call >> this horrible frightening recession isis ending nowow! >> another ay, another pile off evidence thihis s ma be g getng tttternd dennis w was right. >> i believe in it. >> warren wants more. he thinks ththe first didn'twor. ananenen bnanke will h he go or stay? d the f fed chief. >>>> a exclusive o on ee man knn as nails.s. frasasebl to day trading to banknkrucycywe'll hear exclusively y omom denny dykstr h he asks f court protection fowhat'sefefof hisis money. bc reports sttsts now. good eveninin i'm dnis neal. that epicc b bate ofeaea v vers greed, feaear versus h hop takeo a nene venue. i'm calling it fear sun valley, some of e naonon's moststowowful bubusissss sts are gathered in mountainvivias and bigwigs. wewee talking tititss like investor wililbu ross and amereranan eress ceo ke shshenltltnd

he allowed kobe andnd i t tohav oureerss inpeople's memes rorosshe world because h was already the.l's three childrennwiwi haveve incredible uncles a and t take care of t theasasell. anthey will haveve plenenty of cousins toto pay tt m mayod contitieeo bless thth i incdidibl mimi. we say that we'rerrayg for you. remain strong. we want to tnk the city of l ls angeles s fo putting this on,aeg for p putngng this o and may gd ntinue to bless you, michahael ♪ ♪hohold me ♪ l lik the riveverr of jordan ♪ and i i would sasay ♪ y were rayer ♪ aring me liikeou were my brother ♪ to meme like mother ♪ wiwi you be terer ♪ yhh ♪ohohord ♪ yahah ♪ everyoneeakingonontr of me ♪ ems like t the world tthe wrong of me ♪ou will behere foror me ♪ take care enonoug tohold me ♪ cloak me ♪ carry me safe ♪ fd ♪ comfofort and f fee me ♪ free me ♪ i will be therere ♪ carry ♪arry slowly ♪ carry me thehe ♪ ho ♪ save m me ♪ fill and r raime ♪ i will bee the ♪ lftft me ♪ lift me up ♪ lt me up slowlwly ♪ lift me upp ♪arar me slowly ♪ show m m you ce ♪ hold me ♪ hold me ♪ say yoou' head s sloyy ♪ comfort me slowly ♪

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for me ♪ for you and for m me ♪ f for yound for me ♪ for you andnd for me dddddddddddddll treasusurehehem, thgogoodimes, the fun we had, , siing, dancing, laughing. i can remememb w whewe used to come home frfromchchooand grab a ququk bite to eat and we t tri to watch "the ththreststges." m mucof it as possible befofo mother w wou c cominto say it wawas meme tgo to the recording studio. i also, michael, rememembea a me wh i went into the recoror ststorand there was this manan purchasing a lot of f cd heould go on and grab anotheher batch of cds.. he was an older r gelelema he hadad ahohortfro, crooked teeth and his clothes wewere rumpled. wawalk up behind him and saiai michael,l,hahat e you doing in thisis srere?" he turnened m mand said, marlon, how did yoyoknknowt was me? i i ldld h, you're my brother. cacan ot you anywhere regardlele o of ur make-up. i know yououwawalki know your dydyanguage and those shoeoes did not help. michchaewoworehe same shoes wherevevere e we. bubui i gus that was his way of trying to experirien w wt we take for granted. we will never,r, nerer

eyey are imposing g lolong lock up p perdd andnd lerer fs. he says the firm plans t to ava hihighprofile deals. yocacan ad that like chrysler? that was huge mistste.e. they a are obviouslyy facing issusues they say you cannot gett out of the fund. we willeduce yourr fees in exchange foror ttha wewe wl bring yo morees w we learn more a autut i >> to capitol l hi wee go. th are nowlaying work legislation on thehe climate. it is very i imptant for the esesidt, jojo.. >> an i intesesti postscriptoo the actioion theg8g8 summit t t steve was just reporting on. we know that developing cocotrtriehave been reluctant o go aangng with someeff the targets ththat moreeveveled cocotries want themm to setfofor carbon e emiioion reduction. w w see in the senate, barbara bberer,hairman of the environment coittee who hoped ark up a a bill thth week a a rtrt o on attempt t have t the outlinesompleted is n now s sing e will lay that ocess. we g g wt we n nded on this susue ght now. hohous passage the cap and trade bilill. thatat ty y ca keke to the cop hay began

andnd at dference is in ery vehicle in our ne... which includes the mos ffuel-efficient mid-size sedans in america. now, drivive e fo difference home and we'll cover the irst three payments. hey...ifferent is god.d. test drive it for y yourself. get to yoyour ford lincoln mercuuryealeor visit ford.comnd drdrve theord difference. >>> this guy is a pervert, a a childlelest, a pepeophile. toto g gi h is muchh cerage da a a day ut. there'e's ththingood about this y. may have beeeen gogo singer,,idd some ddcicing would d yolele your chd, grananhihilde in t the same room as michael jajasoson? >> we're back with msnbc's howard nenemaand pat buchanan. th was republican congresessm pepetekikingon michael j jkskson pat, w wha do you think?k? should p perer king berying to score some polititalal points michael l ckcksoat this point or ayay ieiet? >> no, don't think you realllly should. mimichl jackson was coroversial at the end of h his li. had some e prlele with his miioionsnd millions of p pelele young peopoplelolove him for hi musisic a and

> right now on "andrea tchell reports," the ecoconomy is front andnd cent at the g-8 summmmit. but while presidenent obamis in italaly at the g-8, his domesti agenda c could be falling apapa hehere at home. hihis o party is divided over the need for a seconond stimus and crucucial cmponents of his health care propoposal. >>>>> and thee going feud btween the e speake of the hoe and the cia director boils over on the house floor.. ven members of the house intelligence committttee haveow accusethe cia ofof misading congreress for years. thcia gorously denies it. are the hous democrats justst posturg to protetect the speaker who has been hmered by republicicans fo making simimil accusationons in may?? all tis as th president threatens to veto demratic attemptso rdically change 6 60 yearof the w way the intelligence commumunity h notified congresss of covert actions. three key members joinin us thi hour.. congressman n rush hol congressn anna eshoo, and congressn pete ekstra. >>and also thihis hour, e eric cantor and jimclyburn. plplus, emttled new jersey governor jon cocorzine upor

and this is -- if i know washington,his is the beginning of a pretty involold and detaileled story, andnd i d have enough information, b b think lot more is to o come on this >> shouldd there b an instigation, do you thinink? >> ion't know if -- first of l, i would like t to kw the facts of t case before therere should be,, quote, an vestigation. how lo did the director offhe cia know a abouthis program, and when did he terminanate , a a all l of the things are going to -- a are probably goingng tb heavilily discusd in the weeks ahead. >>peaking aboutut investstigatio, there's no word from"nsweek gazine t today that thettorney general is getting closerer to iestigating leged torture duringg the bush administration. th is the repepting from daniel klkliedman for s sources sayingg he is now thinkingng about appointing a prosecutor to invtigate the bu administration's brurul interrogation prpractice would thatat be a gd idea? no. i fought againstst warboarding and said wateoarding was treatment. we passed the detainee treatmemt act whwhh probited cruel and inhuma treatment. i ha spokenn out

call now andnd wel send a free supply,, plus u uto $16in offers.e readto ship, we'll evenen picthem up for free, matr how many you have. priority mail flatatatate boxs only from m the poal service. i'm sorry. i can't hear you very well. announcer: does someone you know have trouble hearing on the phone? dad. dad, let me help you with that, okay? announcer: now, a free phone service shows captions of everything a caller says. i'd like to make an appointment to see the doctor. announcer: to learn more about captioned telephone, call 1-800-552-7724 or go to our website. i'll see you at 3:00! announcer: captioned telephone - enjoy the phone again!

you nn find eh secondofof"mad money" and itunes andnd dodownad it for free.ake his ckcks, pansndnd the lightning g rod d wi you on t gogo. get "mad money"y" on itutune to. for more info go to -- > thoswho missed yesterday's show, i talked aboutut an amazg ll. ron sana, cnbc contributoror hehe writethe "market movers' newsletter." which is my much-reaead, it is st-read because it dazzlzles. part of thestreet.com m where i' chairman.. i picked it up. i saidoh, my god. i cat believe this call. ron insanana is sellg all of the defensive stocks and movoving intoto, are yoready? home builders,s, banks a home buililrs' inrance. i ki of had fun with it lalast night and said, the e idea o selling the ststocks a getting intoto this too much for me. i li to diverse portfolio. ron n sana itoo great not to give him the last wordrd. ron insana, welcome to "mama money." >>ramer, thanks for havingng me in the ring. >> home builders? is thehere a per that says is the home b blding dustry going back er? >>>> that'why i bought them. stevie cohenen is ve fond of it at fac where

whwh h he comes on andnd i'm watching, , tn the volume up. t the peop onon le myself,ut atthe end of the process heree looks keket's going tbe a tough timeme. it's going to cocontueue tbe a tough time for a wwhi.. but the e obobleis i a ask him a question a autut t 197070s. you can g get a surprise toto tp sisi a at y time. you can'tet hard i is going t to be u uyy l the time.. >> h he said we'llavave an a an by the 17th. >> inincribly.. payyattention. ry pacififi >> tenen days.. will tradiding b be affected b theacacks memororia >> y you k kno it p pbababldoes esesn'it? anything like thattt slows down. but this is not like a g gff ?ó show. >>>>thanks. great to see yoyou. >>>> tt t do it for us day. joininss tomorrow. "sququawonon the street" isnext. >>> t tss is cnbc.comom newsno theememerin b bkers associaiati says ddelququenez o on credit caca debt roseto a high during the s secdd quarter as d delilinqncncs for home equity lines of

i'mrerey suret t is affecting mymy auto andnd --omome insurar totoo.hey don't admit that but yet, when i look to apply for w w inrance, that's the first thing they look a a is the credt report. >>>> wt t it that happened this week about fingerprinting? thth need your fierprints? i i d that a f feweeks go. hi to go to the lalal p pole departmementhere. get ngngerinted and thehen eyey sent it f fro theololic department to the facility out there, t theolole -- outthere. andbebecae he h -- hadad several crimes that he mmitted deder identity. okay. isis i very bad.. also, ott, you have been spending -- youu wk full time and you hahave a family but yoyu have beeee spending so muchimim this. about how muchch tee a wewe? w whe i havee several cas, several instances goingngnn ickesly spend 2 20 3 30 urs a weekekwoworkg on thesese. >> it is le a sononjojob. >> yes. somemetis s is -- takes mo time than mymy job.b. >> we will helpp y with hat. joing us is pamdixon, exutive director of thewowod ivivacfoforu pa you are famililia th sct's story. but hs one of thousan

they're good folks andnd the's lolots good causes.ihiwill beetettenews for the people ofalaska, tat theyeyananave a focus o on thei isissu. >> chrisisdadavi and idon't have a praaicice, b we do practice tv. you sasa y you don't think it matters to the gop or impacts the gop, b b y youe got steele mmenting on heher, b bhnhner mmmmting on heher, then you tss in the republican vovote o o there. shshe es affect the gogo e is yourur leader ght now i i we go by smemef the popular popos from repupuicican >> there arere teeee people out frt, rrneney, huckabee, andnd palin. >>>> bthe p pling showswshe adads ose o. i can imimage e yo can s s there'e's trifecta, but let's o to the t of the triangle. she's yoleader, s so --let's go back to t the gop. >> i think i's difficult too say e'e'she leader. >> by popoining. >> as w come out andd able reintroduce herselfoo american people, the facact o oe he ininedhe ticket wasas t only time that john m mccnn leded bak obama, sohehe did ha a positive impact, actctuayy coeted barack obama's odod f st of the

ee staples center on the cwd thatat is slowly avavg after the memorial rvrvicfor michael jackson, andndh beverly wshshe hotel which isis just about a me from here where a repapasss s going to be hehe.. the family yiyi heo to many ofheir other filily members and friends remembeberi t tir loved on michael jackson, , dd so therererelso people wh are standing byy waiting to see so ofofhe very fafamo faces that re here to memorialize micicha jackson. wel take a break ande back thth me right after this. ♪ 'vbeen singing our ngngs since we first swewed upith our pirate hs on if y're not into fake swd fights pointy slippers anan green wool tights ke a tip from a knknhtht w knows frfreeredit report dot com, les go! vo: offer applies with rollment in triple advange. hi. number t, , plea. wowoyou like that h hurt now or later? uh, what? sir, it't'a simp question. do you want hetbtburpain, now or lerer? these heartburn medicicines make you choose..... between hurting no or later. pepcid complete doest. it srtrts neutralize acid inin secds... and keeps it und c col all day or a n night. sometimes yo

>>owow aut t buburb >> as yget fthther outrom e e core, andnd the sameme thin with suburbrb the worse i it et. if you'ree in thehe highgh end rtrtshore suburbs, kind o o clclostotohe city, onong the ma t tnsit, it's bad but notot ththatad. ththe further o outouou get, if get out to suburbs where a lot of t tcommodities are, is not a goodsituation. . >> what about atattl michchae >> igree with mt.t. ifeaeatt were a pd and you drped a rock,hehe further o o th ripple goess the worse it gets thehe we're justnono startg to see c conss and pperties in city limitstatart to suffer. ststsi, beevev, rededmo is starting to o se decline in icicin >> is thathiteollar job losses? a big factor in this down snurn. >>tt startededff being th blue llll jobs but now 'r'reeeing a lot oththe white c clalar job plplayg into the lele fortunately, we don't s a bottom. wee e out 10 to 12 months bebehi t t rest of the cotry. it's r rlllly arting to become succinct ass to theagagtude the problemem >> really dedeprsing. thks for joioini . apeciate it. trisish back to you. >>> "power lunch"h" i coming up at the to

. >> andnd it's th lady in thth crowown, amica's beaconn of hop retus to her old welcomingng ways. >>> an a very goodod morning to l of yo i' letet. happy fourthth of july to republican. it's 1 11:00 a.m. eaststern, a 8:00ut st. > and people wting to see the liberty crown a making their way up the statue staiair as wespeak. the crown n opened tay for thh first time inn eight ars. and nbc's ron allen liveen baery park city, with a view of the statue behind him. i i undersnd, roron, the ticick are so hard to meby, there are even some scalpers o out there? >> r reporte i've heard repopor, but i haven't seseen any,ut imagine that inew york city, somebody trying to m make money off of mething? probablyikely tohappen. thproblem, though, withh tickets,hough, they come with h your name on it and the specicic date and me, so they m may not be ansferle if you b buy one, i woul't suggest nibl do t. but anyway,, the boottom line i yes, t tickekets ar hard to come by. they are availabab online. and going up tohe crown o o the statues bobooked tough most off seember, so plan ahead if you wa to try

he's'shere. >> andnd ma'a'must-read opinion ges. (nonocer) we spspeacacar.eak hybrid?? yes, we do. and we can s say0000 miles on a a sglgle nk and epepa titimad 41 mpg c ctyty and all the words stickck because they're t tru we speak the most fuel-efficient midsize sedan in america. we speak thehe a-n-new 2010 ford fusiononybybri get in... anand ive one. we speak thehe a-n-new 2010 ford fusiononybybri right now,w, all over the cououryry, discover card d ststoms are gettttin 5%asasack bonus atat t pump. now w mo t thaever, >>ththe uble standadathey put michaelacacks is a contradiction. st like i went t t g gin for michchaeinin the gina six we co there for chael jackson. there's a doububle standard, bebecaee when you have h h othe entertrtairsrs that hadad quest in their life, you d not dedeadade d deny g gre them before theiruneral likee yove done mimichll jackson. i'm not a askgg you too cover michael. m saying show the s sa respect for michael andnd michael'ss fai yoshshed for frfrankk sinatra aa elvis presley and eveverodod else. >> this low fe, chchae jack

the family andnd the house a "c stetetave endedpp reluctantly t t headlines nowecausef e e o major politicicia'' s s scandals embroilining ee reblblic party this s smmmmer ad at have tantwo of theiei reported 20 presisintntia hohopelslsut of political contentionon battled nenedada senator john ensigngn lesest t t c street house. the husband of nator ensign's mimireressays that prominent members s thefamily, thisis rerelious group, includudinthth soso o o the group's founderera well as other memembs s cocongss who live att c street were b botaware off nsnsn's cret affaiair and w werenvolved inin his effoforttoto payff the mistress a and her family as t affafaas o oagagai off ain ending. publican senator tom coburn veves ctreet with ensign. hehe h saidhe cocoaged ensign to end the affair butthehe has niniedhe allegatitionhathehe specifically encourarageenator ensign to pay the mimireressff to the t tunofofillions of llllar south caroronana gernor mark nfnfor mentioned c c street by name in h h long plili statement of rret about h afirir wh a aoman in argentina. >>idid yr wife and yoamily owow au

founder andnd contributor fofor hher >> i it' a bebeaufuful place. >> it sure is. yore one of the people who gets it right on e casuaual esess. some people e t t it more right than o othss out here. o o of the things i h hav tatann ay from the state of fincepenalty yesterday mornininanand om t talngng to pele is there isn't whole lot of optimism a and has ken chenault said, tre isn't any green shoots.. what is your takeke-ayy so far from talalki to peoplple he ababt t whe we are? i think the f feeng is wait d see. erere e a number ofofigig that yoyou ght argue sort of s sayg wewe'r beginning to see the bottomom and there are othther signs t t say there e e e a t of thingsgs over thehohorin that could relyly b damaging. commercial real eststat i is a g one.e. unemployment i ia a bi one.e. consumeronfidence is still an n iss issue.e. and availability of cdidi you'u'veotot a lot off tngs that sasay,etet'sontinue toort of hold out andndope for the beses but not enghgho say,ou knowow, we've turneded ts s thg around. >> it's interesesti, , too, som ofofhehe pple i was sp

i think k thwhwhe house has to think long andnd cefefly about how hardrd a y y willing to push foththis how much capapit r raioad -- are u willing to spend? and d the,e, think it leads perhaps to a sececonrorod of new spending.. somemeining r the states. it hard to make the case thahat states, be it republicanan o democrat facing hahardipipecause state constitituononrequire that theyey banan their budgets. unemploymeme b benits will have to be extended, , ani i thk you may needed p payll tax holiday. you have to give b bininesand consumerers meme cfidence in the sht t rm that we're doing ththe right thing, that money cacan jeject. u have to do what the e imimul didi't't dfrom the outset, which is to o pumomoy into the system. isis smulus will work. it will just take a lilitt m me time. you need somethihingo o t money into the system immediatelely. >> pat buchananan,etet mguess, ththpopolln ohio is a disaster for obama? rit?t? >> no, not at t l.l. if i were him, i w woun'n'worry muchch autut t poll in ohio. th's generally a swing statete and he's gettingng st t oflose to t t s swi positi

f forore let's g get backoo r panel tonight, jalal simmons, andnd r christy.oughgh for the president and thehe administration. it is all aboutjobs.s. what's the timetable? when do we havavto see t the nuers turn around >> this is a timing proboblemm e administratatio bause thth expect uneloloent riisi through next spspngng. itit'soing to keep goinggup. i talked tooyy to hryry wman, senini m memr of the use, chairs the energyyndnd commemere commititte he says if thehe economists tel us weed a secondd ststimusus we ought to do o a ande can get th votes, b buttt h the popotentl l exacerbate t t nuererof independents, they'ree concerned about t the deficit a u have to wait while f thatat smumulu to wok. >>>> ron christy,y, arehehe democrats s ans t t obama administration faiaili w with t ececonic recovery plan? or is the jury still out? >> well, i thinkboth. viously they told t the american peoplele thaififhey passed the stulul recoverery pn that ununplploynt wouldn't go abovov 8%, now you have i it a 9.5%, d many p prectctin it'll be well over 10% inn next ar, a

kimberly's bigg goalal-- getet her pilot't'lilicee and fly solo. > > its the latest andnd most bizarreeme swswpinghehe obobe. look at t so o o these pictures. it is called the lying-down game. serarafacebook groups arere displaying thoususan of photographs people lyiyi face-down in odd locations.. they l down anynywhe e om tree brbranes to a golf range, ev an aircraft e engnene from a ju jet wasn't off-limits. r,r, therearar more t th 4,000 images on e ouou' facebook page.. >>> more o on what liies aheadf ninighs launch fromomthe shuttle "endedeavr.r." >>> also, "bruno"o" and his fabulolouspepeni at the box ofcece can this f filmm stand upupto h ttttern the days to me? at story coming up on msnbc sunday. (announcer)r) we speak car. we speak rpms so yououanan zip by other cars.s. buwewe ao speak mpgs so u can fly by gas stations.s. in fact, we spepe mpgs so fluently,y, wwe n n y one morore ining. the nenefofordusion is the most-f-fueefefcient mimidse e dan in amemeri.. and that's sometetngng no one else can n sa we speak the 201010 ford fusion. geget ... and drive e on a revolutionar in

you g back to 1980, andnd t th sasame thing. e d demoatat gotot t tsesedout.e the cycle tn again. veverstructurall c chaes in the u.s.,t's just let's t rid o of ththem >> it wii be hard tigure o out a w wayhat doesn't createe nene bubble and doeoesnstart this procs s l over again. >> if t the recession gets m mu wors i am not roototinfofor this, a i hope it doesn'n'thappen, if you see unemployment pick u up to 1, 13%, 14 t tt't's when the tctchfks and the torches c come ouout. it's not a a hhprobability,y, bt 25% possibilility at thingsgs get worse e rkrk the ressssion lolookhat happened in japan. they h had the bksks eyey deeme too b to fail, and10 or 12 years later, their recession finally ended. >> what about thehe role of prosececioion this, looking at lfeasance have we been g gd at cleanuppprocess? >>hahat i think weeneed to do, especially with allhehe bank thth are ingiviventataayer mumustnotties, if you taake the bonus s >>yeah,anand they are back in ththe wsws again. >>>> tse bonuses were based on ofofithatururedout to be fafakefrauaulelent we should b

get the complete routin reach® andnd lisrine tot c care.olutionary -wash booster that.... works with your detetergent o help remove e toh stns... thfirst time. coming to o stes late july. get your dollar fity coupon at tidestainreaease.com today! ininclining o i trust to l lk k afr my money. ♪ (womanan) the dust might b be ttttli... that's great, b but'm'm n. ♪ (s(secd man) i gugus s i'just done withth dngngothing, you know? ♪ (third m m)) oh, i'm not thinkiking about moving my y moy.y. i am moving it. d# 1-800-345-2550 > > wee back with our roundtable, dememrarati strategist bob shrum, former coununteter preresintntbush,arn hughes, andreaa mitchell of nbc newsnd roger simonon ofhe litico." kakan n isn from auststin texas. we appreciate havavinyoyouhere. a t to talk about.t. gegersimon, i want to start with sarah palin. i thought senator mccain was rather striking i his c comntnt totoda on thehenene hd he saidd h h wa surpriseseththathe stepped down. how could h hnot be givenis rererdrd a a politicician a as senator, as a ader? isis ts the

a amuch as i can say t thaanand mean it, i do know that g gods good andnd do kww that amumuch as wemayhe cassette and wowod hear it t ba a ande amazed. yoyou d d is song. we can't lp but love you rever, michael. ♪ never dreamed in summer ♪ i t thght yu would go and come back home ♪ ♪i s saw the c coleded leaves o susuerer ♪ ♪ butut my quiet nigigs s wi be spent alonon♪ ♪ you saidouou w wou b be ththe night in autumn upouou would be the one w who wouldld ld d thwa♪ ♪ i n nvever eamed you would avavin summer tt now i find my love has gone aww ♪ ♪ chchae whyididn' you say ♪ ♪ no morelying, no need t to pretend ♪ ♪ they woon'gogohen i go ♪ all those leadingg ♪ they w't't go wenen i i ♪ i'll go ♪i ng to go so long ♪ it mighght the cure, innocent beliefs but thenhere is ♪ ♪ peoplpl sit and dcece for fun ♪ they willll nvever see th su for they can neverr show theiri facece in the open ♪ ♪whill t tee more than he e will gi ♪ ♪hehe wl give ♪e will giveve oh yeah snain ♪ he will befar away om mee an mymy soul will l free ♪ ♪ and they wonon't gohehere i i ♪ sinince mypoken dream a that i willll l

sostability,, i think, is important andnd i think that's bebeen very elpful.y iss there are sosome signs that potentially could lead to some green s shos. chchenlt says charge-offs doesn't expect to be paid off, they're stilill going up,but a a slowowerratete hehe ao says newrarateill make it m mor difficult f for coumus to get access to credit. scott,t, chinaasas confirmeded thatat r tintoo employeenashl sternhoho is beingetained f for stealing state s sretes from a foforenn miminiry. it's said t thaprosecutorhahave efficienttevevidce that who olole ate secrcret foio employoyee including who, was detainedinin chinana o thee weekend. separately, the foreign foioishs sayy they will bebe able to mee with who on fridada it wasas said r rio staff used imimprerer methods iron ore tas. >>>eaeanwle whinioio tinto has repoportlylyulled thehelulu on hheb iron group. ththe o says heotothehe nice from r r t tin today. chinafailed t tststri a d dea on a % strike cut last weeeek. >>> still to come on the show, the tax roubetetwe the u.s. and d ubtatas another twist as a ju

there are dical catholics andnd conservative catholics and thhey have different opinionons. let's take a lo,,et's coconser current polling, f for examame,e, ang c catlics in the ited states on president obamam right now obama iss polling amog ththols at 5 the%, 54%4% i'm soy,y,hese are e exitt p pl from t t election. obama, 54ccain, 4 what tat ans is as fafar as i i can see, ththols noo longerr function as anan interesting g p olling beususe they havav beved and behave identiticallyly to the whole.e. the whole voted 53%.%. the caolics were slightly m mor at 54%. whwhathis is, e.j., we are tatalkg about a g grpphahat represents thehe titire population. the way i like tput itit is ere's no caolic vote a that it is importrtt.t. by whihich mean thatreally among c choholi it is very hard for ananyyepublican to getless ththan how% o of ee vote, 40% o the vote. it is hard foror the democrcrat geget at isless than 4040oo 45% of thehe te. it has moved aroundnd consididey from electionno eleioio but your underlying p poi i think right, catatlilics likemericans ara a ve diverse group.

. >>> andnd mkk sanford -- took o aewewayay tosese his lover, came , cried in n news conferen. should he stepn? today the's a way to se more for retirement, with annuities from fideli tu your savings into iome -- guaranteed, and get a retirement "paycheck" for li -- guaranteed. call... to gettarted, and learn how to secure retirement incom that won't go down -- guaranteed. llidelity at... for deils about guaranteedncome for life, and change the way you think ouyour retirement savings. >>> i coul not belie ihad one ticket to the services. was against all odds. what i thought was -- odds and neverxpected to win. >> about 17,000 peopl very cited that they will be going to michael jacon's memorial servic but.a. police are warning those who want to me money of that if they're caught scping cket they'l fce arrest. aeg handed out about 17,000 ckets and millions wanted to attend. meeople who claim to have gotten tickets are trying to sell them on ebay. theuy you just saw -- him? for $15,000? somebody, it's o eba miguel is at dodgers stadium. >>eporter: this is the fir, the last and onl

the andnd china are bottoming. bubut think th's's whatpepeop are worried aboututso i think that came ouout today,y, a i thk you'u'llavave a a a think showi tomorrow. this worried me as a a trader. he raised expectations, hee ntioned the auto trade picking upup. here he mentioionehina ststululus these are plalat attitudes t th we've already digested. so do youhihink this is a l ltle daerers for the ceo to make ththoscomments day before eainings >> i thinknk t the positive n n nonow outut. ththe earnings low p pssssur pry weweakanand i think there'still judgment to sayay whethther thes d d rope arebottoming.. we knoww that auautossimprovovg t some of the e end markets could penenally haveowown sides. >>>> tnknkou. > > weanto go to mike huckman who has breaking newss n amgen. >>>> is s aring inned ter hours, because justt aououe minutes agag gen, the world's largest biotechnology company,y annonound d relts of a large,e, late-stage clininic trial foror the drug it's f feded f fda approvalal f story ocess, b but also f

bebe bant, mariah carey, martin l lheher ng iii, brooke shields, ushsher andnd oerers. intetereining thaha i was al sharpton whoho h h p peo no wantingo be photographed th him,bubu now, want tooe asciated. i'i' not implying ttt with a a of these. >> i'm n sure what y yr qutitions inll of thth. whwhato you think of the celebrities showing up? >> we, i i tnknk- i think thatat it's a timefofo all the bad i i will t tggo away. this iss the man's f fin farewell. thinkquincy jones,rooke shields, h a personal lationship with michaelel jackson. at's not unusual ththat they wowoulwant to c co and see h now. atats unusuals how h h really kept them at a's length in teter years.s. he sort of became e a nomad, living in bahrain,n, i irend an l over t the acace. i'm m rere many ononhehe list a thinking they wish thehey dd stayed in better touch with m.m. >> thahankouou very y mu.. jay, it's a pleasuree taining with you a well. and just aeminder, tamronn and i willll anchor liivecovera of michael jacksoson' merial tomorrow along wiith c chr jansing in los s aeles. it's's all starting

'd just shake his head andnd h ululsmile. loved to be teased.tith chchalnged ability. to the people who o rere lky enough to know h h p pernally, he was caring and funnnny,onont pure, nonjadeded a h hwas a ver of life. he cararedo o eply for his family and his fririen a a his fans. he was often refererretotos the ngng, t the michael that i knew always reminded m me rere o the little prince. thinking of him w, i wouldld li t tshare a passage from t the book. "what moveves s so eply about ththisleeping prince is his loyalty to a flower. thimimagof a rose shining wiin him like the flame e ththin a a la even when he's asleepep and i realized he was evevenoror frfrilile an i had thought. lamps mumu b be otected. a gust of windnd c b bw them ou" mimichl'l'sensitivity was even more extraordinary t thahihis talent, and his s tr t tth resisid d inis heart. t t little prince also sasaid "eyes arare inin you have to look wititththe art. what's mosost popoant is vivisie." michael saw everythingng wh h s heart. to his family, his broroths s d sters, katherin

then there was big fund-raiser in june that she w waver so often on andnd t tey endede u u asking fmeme houou speaker n net ngngri to keynote b becau i i was the d deaine to printup the intatati. we allllnonow e came toto th event in the end a a e endedup nospeaking. therisis a ttf erratic behavior when it comomes her schedule d makakin commitment. again if she isis going to g g d write books andndo tv and do a lot of expensive spspchcheshat wowould fine. t t ifshe's goioi to try to ntntin tongngtiate heelel within thehe rubublin party and geget the right events and ke her r ccomtments, she'sgogog to have to anan her bbit >> d did palilin raee expectati for a 2012 by r resiininor lowr them? >>>> ihink she's kept it open and kept it on the tatable by sayingng amm l leing politics," i mean s she had a few c choic words criticizingolitics on frfray but she did n say ee was leavaving. she did n notsay sheasasoing to --hehe would neverer be a future candidate, s she wld ner seek higher office. she was out of the game for goodod. as we know on saturday s was tweeting a a wrwritgg submississ f

r r te covering the m martsts the nnyc andnd nasdaq, bertha ombs our eye on the floor r the nyc tayay. >> that s&p level something people have bebe watchchinhe.. dipping bebelo i i 200-0-yy movg average to the lows off may as e e e thmajor ereres here hihittg the spring lows. the dowririt now att its april low as itt falls below8200. you mentioned,ththe markett talk tododay h has been about tt second ststululusbasically unundecocori the worries t ttt people hahave abouout isiscono ananwhether or not we're g goi to s s things start to tnn here in the fourthharter. th treasury options continue t t be a major focus. today's g getngng on fairly wel. rick will have me onth.. much mororsusupp c cing in the next two ayay of course,e, warare waiting for eaearngsgs. on that frfron alcoa which kicis thiningsffff tomorrow aftetetht bell todayay i offererin bobot u u casee that move therere shsharmove to the upside this afternrnooasas t ceo speakingg n russia saying thahat he tnks memeignsff a turnarououndome pickup in the enomy in chinana and also singsisign of bobottining some s secrs like the

americs want a new e ergy polithat creates jobs, thhat addrses clilite change andnd thatat is goin to wn us fro our dependencee on foreign oil. d minnesotan want theieir kids to have an educationon th prepareseshemor 21st century economy. i am gng woror day and nighght to make surur th ourids have areat future and t that amerera's be days lay ahead. i'i'm ready get to work. thanyou. >> we'ree goioi toave my stakeout tomorrorow afte the luncheon. a lot of queststions wl be asked thenena lot of questions wll be answered. and i are takining no estions nonow. >> thank you, evererody. >> senator al fraranken, senator-elelect, a frananken, w should ay. he'll l be sworn in around12: totomorrow othe senate floorrnd the sena majority leaeader harry id. let's go n now to follow up on e all-importantt meeting in mosco today. william cohen joioining us from washgton. mr. . secretar thanks so muc let't's talk aut what w was achieved. th're talking about -- welell, they're talkining i moow about just beginning to negegotiate me arms reductions, butut on of th more interestiting issues ththas brough