as earnings asons es on. goldman sas out of gate, the implied moves on the stocks change as time goes on . >> we might. goldman sachs is an outlier. and a t of the otr nancial nameare rejects from the chdren's petting zoo. but stacy makes a greapoint. option traders never take the idea of armageddon off t table completely. as soon asou do, it happens is you get your heahandedo you.d protective put buying and lot ofhe fincials has been andotal. earnings don't happen in a vacuum. earlr, when things were much better, but the overal terror was bad. we had aot of preannouncements whe people were saying, hey, our earnings for theirst quarter will be okay. if we were set up for big disappointments, we wod have seen me active management of expectations. really haven't seen that. so the put buyinis anecdotal. itpeople wanting to protect their positions. >> i wou mention that goldman sachs has started off on tuesda i thi goldman has a eat quarter and gives a great ouook. i don't thk it will be the rt of thing that prop

. >> i can't thinkf a beter ason. >> you be nce. >>oodnight, and have a nice evening. >> we have riots. >> because of pove. >> because of fdr. >> he brought us back from t depression. >> he won the war. >>macarthur won the wa >> and he was fired. >> that was truman. >> this is theworst one i've ever had. this i the big one. i'm dying. u hear that elizeth? i'm coming to join you, honey. >> i'm ughing, so are you. you stihink th is good? >> the performances are undeniable. i will lah just like the first ti. the performancis undenble but the iting is good. >> have the best collaboration inhe business. i am 36 years old and the reason i looked -- like this is because laughter and tearso your life. tavis: speaking of being in years old, th is a box set, 19 discs. when you signed off on this, when you look back, what do u ke of it? everybody comes on andgrees that everyne of us wan to be judged by our body of work, not a partilar series o interview, by the bodyof work. youre judgedand wh do you think? >> i look at aerica when i look at th

. >> the only ason i sold it -- it's the pital. >> but that's wh -- that's whatur guys are doing. they know the drill. they can't own every stock. they have mutual funds. >> ight, right -- i don't kno why people take the approach thathey do. i tend to far me contrarian as you wellknow. when rates go 4%. buy zero coupbonds. oil go to 73. said it was way too high. as you mentioned yesterday, 1998. >> i'm sitting here, shaking, worried. ron comes up th a key piece o formation that there could be emergency fed meeting and that cld change the tone of the market. i felt that ur call in the newstter was a waup call to guys lme who were saying, ings are good. i may not be bullish enough o at happening in this country. >> not auestion of being bullish. i don't think it's the world ending. it's a one-time eerience and it's 5 billion years awaywhen the sun ames t. in between now and en, we're not going to live long enoug to havehat experience. if the world is not coming to an d. if the econo i goingo grow ain som day, these a bargain basementrices for ordinaryssets in two parts of the econom

>>ny particicarar ason why ththishuhurcwas chosen f for th service as oppppeded to the my others?> i l lovthth storyactually. thth me church i ithe very rst church f foued by afafrin-americans here in thth city of los angelele it was in 1872. alex, this churchch was one of e rsrstrganizations --- religioios born not out o o a teological puose as muchss it was a sociologogic s sps. in oththerorordshey wted to come together and ty're borne ouof an uprisingagagnst slavery, about n having ghts, they weren't protected. i love how itt reaeallsspes to michaeael ckckn in that he crossed so many cicioenomic barriers. he wasuuch a racialal uniter an the purposef this church when was founded was ju thatat message. >> what about getetti t ticts to ththe memorial rvrve? cacauswhen thth all first okoke,there were r rorts that people shouldave foundd out some timetotoy after 2:00 p pm eaerern believe eastern orr pacicifithth they got the tickcks,s, me your plans,, g g n there to l.a..for tuesdaday. now hahat? >>>> sure. nonow what? disaster is s thshsht answewer. 1.6 mimillnn pple have registere

with kim>>95 soutnd fm owings mills to the beway, quiet at th ho however, they are stworking that ason the ner loop at e fredick road ex. o ft nes main blocked. twght nes t by at this ti and the policee on eir watotyuch cleang it up the xtour or . 95soutounda neafc pattern southbound on t harb tunnel or 895 sohboundthat exitis n gointo be onyourighthand si. yoself exa time outrel in at dictn. log atbeltway here is 6 on the teloop atlibertroadtrafis ve qut at is ur ck to you. > 10. weend ing tur into a uemissn for a trio fishermen off the co of new jersey. > anmichaeck is ofcially freen today d s beenusing his time wisely sibeinreed fm on ha an update when we come back. ohat this? brkfast. it's kof early, buddy. yoveot tedtakesome cholesterff y. honey, have u been reang the eerios box again he g tha off the box. (announcer eerios is madwith 0% natural whole grain oa to hp lor yourcholesrol. thatasery thghtful of you. e, very tught ouer) cheerios. f heart. a dull metal clanking d.bear gs. onous mic ♪rocigrowling. roaarrr!!!! whili bluegss tune todam making a cla swt potato pie... everyon

. >> susie: alcoa marked thetart of earnings ason today, repoing its third straight quarterly loss after theell. the alinum giant lost 26-cents a share in the second arter, much better an the 38 cent-a- share loss that wall street expected. but, it s still a sharp cline from last year's profi of 66 cents a she. ala's poor performance comes on weak global demand for uminum as well as depressed prices for the met. and, jeff, alc's ceo calls it "the mosserious downturn in the history of the aluminu industry." jeff: susie, alcoa's shares rose 50 cents in aer hours trading. e stock waamong the nyse mo actives. wel see it as we take a look at our stocks in thnews tonight. atight's street critique guest says the markets are on ge for a reason. paul larson of morngstar, welcome ba to "nightly business report". >> thanks forhaving me ain. >> jeff: there'slways a lot of questions a we go through the seasons here aut how long does this recession las, and when we talk about ecomic green shoots,re ther any real economic gre shoots tspeak of. >> well, think you can characterize the economy and the eco

and am jes this home run the si t may t be engh the ors are wn8-n thtop ofhe 9t >>it y bebaseball ason but before ow itthe ravens will ki off the 2009 campaign. and if you hat gott your tietyet,well, yore obablyoing have to turn ebaycraigsli, orstub hu ve ng me ckets went alat.m ok amo ll ou thonly ticks left e r the o home preasongames. >>> and u w itre tuesda night. harrnia. thrry potter mania. since oping at midnit, arryotter d thha blprin" s pa $1 miion in dwgrosse a look atthe y wiza's latest exploits. >> atyou're lookg at are memori. in this ca pertaini toone individuvoldemort. >> rorte and "hry pr d the halflood pncof cosedumbledore edrry's lp >> this vial ntains thmost paicar me of thdai firsmehim. i'd yoee i >> rerter: pr film contains plenty ofac and drama. reportert with the rmon at gw ging, the are ts ls o. see thatgirl over e? at-- yingll yolove possessi. >> rely? >> he she has intere inyou beusshe thks u're th os one. but i am e ch one >>or "hay potternd the half-blood prie" ie st complete ofthpotter films,makingt thbest o yet. >>ight back! fight back! >> repoer: ve stars

henly ason for targeting the maiottel andhe ri-carowms was thathey a internaonalon the on tce ss worth bombinin iiare li and rta.why? that is guteedget u internioescoverage. >>eporte in the last few s, ies hnjoyed reve calm t goverent hacracked downd on islamic terror celbuday' attas real btal rend security rces here still have their work cut t fo them.elizabeth? >> cria, thankou. >>no oas cedrebilityhe attacks, t spicion is fli on a grouwi links to aqaeda. brn rosshereand this terrorist grp, ja maislamiya was thou have been dismtl. >> reptet has be a real crackdown that ban afterhe ba bombing. ti tim u.sofcis say thindosian governm d be st ofing ingblind t t prle aders ained with al eda. theitop people, in fact, learned w to makeboings, anthe cotentatte you with the similaran use bombinsuggest al qaeda teniques. manyde have captured but e had not,oordin top. 's suspected to be behd this mbing, as ll as the 20 discbo >> so, the two bombers we're talking abare just theecutors of ts ot. th lks le a la organizati behind this. >>ter: exactly. theye icide bombers, they were expendae. were s

the nationals finally have t a ason tcee.lebr atnews 4 at 6:00 continues. $ >>> the push for health care reform has prompted one doctor to walk from chicago to the nation's capital. he's raising awareness about the need for change. he's joining uninsured and underinsured folks at the district for a rally. hey, darcy. >> reporter: the doctor left meridian hills park a few minutes ago. he was walking to the white house and then to the lincoln memorial. this long journey all about raising awareness for the need for health care reform. the doctor has walked 700 miles from chicago to d.c. in one month. to raise awareness about the state of the nation's health care system. >> a catastrophe out there. i have a personal faith, a real faith for the 50 million uninsured. >> reporter: he says he's heard horror stories about the uninsured and people who are underinsured and now plans to take his message to congress this week to fix a broken system. >> i think that if we listen to the people, listen to these stories, and -- we will get to the right policy, get to the right idea. >> reporter: he also

it's going to very difficu to close anydeals during election ason. butreparatory workwill be undertaken now with aerican support. and then hofully se deals can be reached some time ne spri. >> joost ltermann, thank you very much for speaking wh us. >> my pleasure. thank you. >>> in afghanistan today, two more american ervicemen were killed in a bo attack. tt brings the death count for july to 34. its the deadlst month for americansince the start othe war. arly eight yearsago. 18 british troo havelso been killed this month. with roaide bombs now the leading killer gros, itn reports that the is a continuing ctroversy in britain about t availability helicoprs to transport soldiers and marines more safely. >> reporter: e political pressure is ring on the deployment of helicoers to afghanisn. the route centersunlift hicopters such as chinooks which are used carry troops. thergue being that soldiers are mor at risk of being killed by improved expsive devic ifhey're traveling by ground thantransport by air. now the foreign office minister lord malik brown h

>> no, and that's one of the asons, along many, is t reason a fl investigation is required. we don't know who tamperedith the evidencend we don't know where the earth was moved or what was in it. >> of course, the ama administrati is dealing with a very complex issue going on in afghanistan. you have a war that's being waged. you have a humanitarian eort at the sameime. are you worrd at all this cod compromise the american position the? >> well, everye knows in afghistan about this atrocity. and what would be to oba's advantage isf we were able to show the afghan people an the american peoplend the world that we have new policy, and that we wil look atrimes like this, incling accepting our own responsibility. >> uzannaih circumstancen, thank you very much fospeaking with us. >> thank you. > finallytonight, we ordinarily would not ma light of a story about an earthquake. butappily last week's powerful quake off the cst ofew zealand didt cause any deaths or injuries and it reallyidn't even causeome damage either. and e report that our partners at abc ausalia filed about it had

from doi benefits for the black panthers to working th desmond tutu,as really allod me to seehat the asonaltrain so much, and bob marley, "one love," is because i really have to live it, i can't just sing about it or talk about it. and to live it is to see the same light, to see chrt and everybod of thist's chaenging, only because we have split minds. when we don have a split mind, whatod sees when youhare with other people. tais: i hear everything you're saying, d it's the hardest thing in the wld to do. is so difficult to love people. and because you le people, doesn'tean you have to like people. but that love thi is hard to get over of the talk about it all the time, si know exactly what you'r talking about. i didn't wanto interrupt while you were aying it, carlos, you were in at ze. yowere channeling and i didn' want to interru. but i want toask now, what brought that about. for you to s thaty new year's resolution s to do those things that said i would not do, those things iaid i wouldn't do because i felt surior, or those things i said i wouldn't do because i felt inrior, i'm going

louis, detroit 77 in the twin cities.se asonable along the east coast, with temperatures near 90 from boston to miami. it's 89 in new orleans. and 92 in dallas. >>> and still to come this morning, market momentum. housing sales pick up with the biggest gain in nearly a decadee >>> and perilous plunge. a kayaker drops off a giant waterfall and lives to tell the tale. hmmm... well... naaa... yeah! calculating for getaway. ♪ find your way to a perfect destination at busch gardens... and water country usa... where family-fun surrounds you... and world-class rides astound. start at buschgardens.com. it's the all new sesame street forest of fun... at busch gardens in williamsburg. with four family-friendly rides... and everyone's sesame street friends. ( elmo giggles ) ♪ big and small! there's fun for all! ♪ >>> the housing market is in focus again today, with everyone looking for more signs of a rebound. a report out this morning details home prices in t theop metro areas of the counthery. new numbers yesterday showed sales of new homes jumped 11% last month. that is the biggest monthly ga

one of the possible asons, medical bills. >>> 13 d.c. public schools are going to get extra programming next year. the chosen schools will have technology, arts or world culture. as john henrehan explain, the new programming is an effort to stop the erosion in enrollment. >> reporter: mom jacqueline thomas has put her 11-year-old in private school and her 13- year-old son in a d.c. charter school. >> they challenge them more. they're more challenging than the public schools. >> reporter: is he staying in the charpter school? >> yes, for this year. >> reporter: mrs. thomas is not alone in her decision to flee the regular public school system. d.c. public school enrollment continues to fall. mayor adrian fenty and school's chancellor michele rhee are implementing a new initiative which mimics one of the main attractions to private and charter schools. educational themes. six d.c. schools will stress science, technology, engineering and math. four dc. schools will integrate the arts into their instructional programs. and three schools will

asons president obama spoke on fday to conter that? he g out there and it seeed like he wanted at least say, look, both - accentue the positive, iminate the gative but ounter all the attention that cameto that report. >> this ws a surprise appearance bythe president. he was not scduled to be making anstatements on this. interestinglyenough, they canceled thregular white house press briefg which would have been robert gis being ounded bout questions about t setbacks. so this, ithink, wasvery much of an effort o the president's part to recapturehe mometum and make sure he'sgot the meage going into what cou be a pretty critical weekend. >> we hed just now tht the president talking abouthere will be a ill this year. and- but there's so ch pressure about augt. about this deadli for agust. and why is that? what -- wy is the prsure coming from t white house about that? >>well, everyone agrees hat you got toet this bill done this year ort's not going to happen. you can't get smething like this done in anelectionyear. so if these bills re not r

ther and franklyt's not just our casualti that are important it's the local casualties d one of the asons we are engaging in a more dict way th the war and fighting it i a more hands-on y is precisely so we can reduce local civian fghan casualties and therefo make thear effort more sustainab and get the population on our side. >> we, what about the partners in this effort? great britain sufferedi think, it was eight casuales in the span o24 hours. you had that very dramic scene of the hearsegoing through towns. how ng can they sustain that in puic opinion? >> well, i think the brits are pretty dowdy. the brits are tough. and certainly there's been a grt deal of resistance from iraq after a while and they did finally do that but i think that the brits are committe think the frustrating thingf course is the rest ofato is t committed to it. yo do have other troops there in less dangerous places because the rul of engement are so-- you know, let's n take casualties. let's not kill anyone. itaises very big question about the allnce and the long run. now does the united states he enough troops

in ghana, where he was embraced as ason of africa and welcomed amid an outpouring of emotion, the president spoke of a new moment of promise in africa and he challenged african leaders to end co ationon cndfront the corches of war and disease. det ngthe enfini t momoft he iltr w ripofbel emembed n bo i be cisntry as a moment of poetic history in a c chief white house ritten in correspondent chuck todd is in accra, the capital of ghana, he begins our coverage. >> reporter: the president spent less than 24 hours on ghana soil but the trip was not short on emotion. the highlight was the first family's visit to the cape coast castle, one of the most infamous outposts the atlantic slave trade. >> it reminds us that as bad as history can be, it's also possible to overcome it. >> reporter: mr. obama's roots, the son of a kenyan goat herd are are well known but this is also an important visit for michelle obama whose oldest known relative jim robinson was a slave in south carolina. >> as americans, as and as african-american, obviously, there's a special sense that on the one hand this place was a

>>ctually, there ar two asons. one is tht you do have modete and conservative democrats th real concerns in the sete. you look at senator conrad who runs the budget ommittee. he is a -- h's very concerned about the pice tag and making sure you do somethg about costs. but addition to that, the senate finance committ where a lot of this is ging on has a tradition of bipartisanship. and in this committ, senator baucus, the chaiman of the committee, is dedicated to working with hicounterparts, senator graley, republican from iowa, to ome out with a bipartisan effort. he said th from the begiing whenenator grassley was chairman andid the same thing for senator baucus. it's their tradition a they've vowed to worktogether. >> the president has ade the case, made it at the pss conferce that if you want mo uninsured anhigher sts, the way to do that is to do nothing. do members o congress see it that way, that doig nothing would be worse than oing something? or are they willing t say we n't agree, we'll go hme and say we ied

as tom pointed out, an ason of the american are midwest, missouri, sitting in a newsroom. i made a pilgrimage as a young man, i wanted to see that place that i had watched for so many years. i was disappointed to see it was a wood cut of the globe behind him on wall painted lime green and just a white formica desk. it kind of pa lechled to his television comparison. >> we learned in ron's piece that the word anchorman itself was coined for walter cronkite. what do you think the lasting impact he will have on this business? >> well, i hope that it's every night we come on the air and do our jobs well. and i hope that's every night. and because of the foundation he laid down, all those 20 years of great work, because of what he meant, the industry he helped to form, the evening newscast, the three network evening newscasts are the number one source of news to this day and in this case and age in this country. that's a huge part of his legacy, savannah. >> nbc's brian williams in maine with his memories tonight. brian, thanks. >>> now to the fight over fixing america's health

that tt us rere and now in order to sustainined it - - y're expxpecngng t thaou of this eaearng g ason? ii really c can say wrere we go from hehere eveven if earnings pepections. >>> > t the is a q queioio of homumu this confidence tually have follow thrhrghgh. i i any thehe analysts e still a bitt high.. i s listening t squawk box this morning, , anii thoughtheh ecomists they hadn this moing was absolutely excellent, ass h w wt through hihis empirical argumentoo try o come up withth$5050 share in earnrnin,,nd a a $1ulultie fofo a a re fundamental vae in the marketplace e rit t w, so i thinkhahat earnings will inincrsese, think that ththgsgs are ooka the declineness slowing, t the a areome good signs out thereononge term, but yoyo really canan abandon cautin here. >>>> a ththe alalclear hasotot sounded. withth seeining gigimatized cocoididen throughhe earnings clcle? >> i this is there'e's potetent xpect -- but lot of mes eaings are -- they'r'r looking for opportunitits.s. we've seen a pretty sizizab drop inin votitili. that means t the aiety or uncertainty aboutt t the futureh gone do

he said thoed today that t ason she's stepping do is because of money.ok. that wasmillions of dollars and of cours palin's spokeswomahas blaste him today saying it is interesting toe's workg on a piece of fiction while hning his ating skills. nooubt all of this would make a good ok. doou believe the reason that sarah pan stepp down? there's already reporting i her home ste, too, that the cost to deal with all these ethics complain is not as high as she suggested. i don think anyon knows what's really g onn there. think the reason she stepped down was twofold. one, she was getti tid of being governor. it's hard nning for vice president then going back to be governor of alka. secondly, she realize she could make a lot of money. it's not only the book, but al, she can make moy giving speeches, pick and chooswh she wants toalk to. e's hoping therwill be less of a decline of the media inspection of her. i do think shuld have life now where she's not worki as hard, not traveling hard, not der as much stressnd ming momoney. dot forget these investigations dcost

that's a great ason to buy prefer a fixer upper with a hier yield. recommend mccormick since september 24th and down .4% includindividends. that's my bad a better than the 26%umble the s&p 500 took and up 5.9% since i recommended it after reinterviewing the ceo. you know what? i think it time to swap out of mccormk. do i press my ck? wh do you think? america, whatdo you think? >> do it. do it. >> go for it! go for it. america says go for it. that's a definite loser. man! if you ke mccormi with the 2.9% yield, you know wt you ould buy nstead? man. kraft. that has 4.4% yiel and better spice-amid or generalills but only a pull back. that's on fire. i would take mccormick, that yield 2%. much bigger yield. ven that hershey is alay on impulse buying and pricef gasoline down, it is a much more likely to ouerform stock and you know walmart isever going to threaten hershey with private label chocolate. th brand is unassailable. understand the desire to o mccormick and i do like the sector but th question with this particular st is how well it will do versus

we ill go to a map and show a ason 295 center the suitland parkway. in maryland we are looking at traffic along the beltway which is jammed from near 95 into silver spring. we will be back with more on "good morning, washington" right after this. america, whattaya say to big cheesy-steaky-ness! - subway. eat fresh! - eat fresh! when you wanna kick it up with zesty chipotle sauce. - eat fresh! - eat fresh! the flavor-fullest sub only subway can offer. - eat fresh! - eat fresh! try the new subway big chipotle cheesesteak. an updated all-time favorite: juicy steak layered with zesty chipotle sauce... and melted cheese, piled high with only... the toppings you love. subway. eat fresh! >> check this video. police sent on a wild moose chase in washington state providing plenty of entertainment for the weekend. >> he is bigger this afternoon a cow. >> in case you didn't suns that he said theoose is bigger than the whole town. the moose wondered into spokane and decided to take a saturday morning stroll through a neighborhood crossing into streets and yards.

. >> the thesiserer that t is coconvtional w wism is eararngn ason will be absolutely disis mall. hohow you position yourself?? >> as far as w wha i see goioi onon i aa moreeeaeari signs thth b bulsh. we've hahaaa 35% gainss from th march ttoms. so p pple are tnking we overshot o on e e up sisi.. if you look at the chart in the s&p 500index, the one with the 35gain, 're seng a head-and-shouldeders pattern that'sforming. if we g g to o atat 8 level, i don't think we'lll opop. with thatsa, thehe's'sone her thing. being an options analyst, i i alwawaysikikto talk a abo the vix.x. what we've seen in t t vix options, in the july contracts and alslso the augugus contract we've almomosteeee3 to 1 o ope interest on ththe llll side v vs the putside. so that alone d doe't't r reay alarm me excepept rr theact that at whahat onene are being aded. if i i l loo in the jululy contt at the 4242.5 strike withh t vi, gegevolume, alsoooioi out to the augusust contracts ithe 45 strike w we' seeing h hugvolume ceceagain, soo these trers are basically saying they'y' thkiki there will beucuch more volum

cal penn is taking a break in hollywood to work as an associate direct in the office of public lee ason. he helped campaign for obama last year. >>> turning to a pantry staple to solve a medical mystery. doctors are using honey bees to hale. don't miss one girl's story of survival next. >>> coming up next, three home invasions hours apart with the same m.o. victims tied up and robbed at gunpoint. police are stepping up patrols as the community raises concerned about criminals still on the streets. >>> would you be able to tell if any of these people are lying? tonight the human lie detector exposes the tell tale signs. >>> gary is working on your five-day forecast. hopefully it's good. we're hoping. stay with us. these days everyone is making compromises. your health shouldn't be one of them. that's why giant has extended its free antibiotic program. just bring your doctor's prescription to our pharmacy, and we'll fill it for free. save more, feel good at giant. e lower your total, the better. at giant, you'll find tresemme, 3 for $10, and real deal savings on over 300 items, all summer

ason they say isne stinks isbecause it gives yo all thsa informatyou gefrom thr web sind allyju goestoireb>> how out numb o? flhlight. basicay gives blan screen. if wait a condha that. i havethat it works. >> 'slikean etchkeh. >> it'in thrk you light itup, ithes to e e way. litso out in thlocker room >>atckoom? >> whatlocker room you e i hope to ve e to keep the lits on in e locker room. . ich one's is? it challees hold a buon. odne. onthe screen along as yo can. th wheyoveoo ch te on your hands. >> how manyof the top five actuly cost nts and ople paid for th >> i pe ey are all free. >> that e ilance though. you come up withan atn, just t a fe pe r cent]ssand you ow >> and leave the country as on as poible>> gotime he ust want re something. i gothis from passiveaggressivenotesom. cebookweing dram >> grt. i lo is e. the names are osd ou the's e pers, post r facebook ge "i'm aed w many pe haveeen ssaginthinking they are ming tothe wedding. $2 they ne speak to me more thnca ar." >> ch >> dyohave tt? no. i would r post y sort o weddg stuff. 'sa small weddg. it's low-key, laack. >> needss tosay

think peoplee would have really adadmid d r and applplaudd her forhhat instead of giingng 100 differer asons and excusesoror stepping dodown >> sally,, a alys a pleasure having you on.n. veryry provovocaveve. a appciateou joining us th afternono.. >>>republicans are ramping up, tamrmronththe criticismf f he ececonic stimulus as theobama administstraonon steps t t to vigorouslylyefefend the $7$787 billlliorerevery act. >>ouou g toto dendhaha kind of cash.. just todayay, vice president t o biden said tation's unplploynt rates would be evenen worse without the stimimul a a but gop p ldedershot back ghlighting what he f felel the stululus ppsents. >>>> t deficits o of e states would be twice as lgege a they arare w resululti i itens of thousandnds of additional layyo. >> theytook $20 mililli of stimulususuund to do a study of aroposed project in sosohwhwes ohio. that the supporters s wi a ait can't-couldn't'tegegin construction f fort t ast seven yearars. >> joining us s li f fro waington, d.c. is bill adare, editor of politicall ffaccom ad also editor in chieff f t st. petersbubu t tim >> good

of course, clming she was always bullish on goldman, ay at long last some of t oths will listen to ason the bottom line for yo today, one of thmost -- one of thiercest and most inflntial bears a real general of bank negativity ran up the white flag and then changed sides entirely. unlike jordin sparks ♪ >> meredh whitney swallowed her pride,raised the white ag, called o her fellow bears leadg theay with this incredibly late goldman sachs call. and as nutty as it seems, the impact decided battle i favor of the bulls just when theyhemselves were about to surrend surrender. oving once again that you should never get negative because u never know when the bear on the other side of the trade is as exhausted as you are and wants to quit while she's barely ahead. even still, behind. mark in flora, mark? >> caller: boo-yah to you, ji >> how are you? >> caller: mark down here florida. >> all right. okay. >> caller: i have two questions about the oba administtion's plans to reduce our dependence on oil. >> yeah. >> caller:o you think the treasury partment's plan to spen$3 billi on rewable energy

dad to give a lott o cash dectly to it haton family. 6,000 paid ins 12ds,000 ink krkraments f f some ason. all in exchange, apparerentlyr continuiuing to reive -- l le e and silence. fr t thoinvolvlved. that's the s sceririo we undersrsndnd inow. and becaususeeepuican pololicics are somimim hard tonderstand p peoe w who e not papartipants in them, i haave te y youhat none of teses opoplehose money and rououes d bbs, john ensi apappantntly directed to o isis wan who he wawas slpipi with and her family, noneofofhese people seemed tomind. the nrsb is n complalainin campaigngn contributors so f f the not complain. hoopop complaining?g? crew, , theeele wahing to see this is criminal anan the people who aren't t receininthe money y anorore. doug and cdy mpton. cindy is now c calng on john ensi t tresign fmm t senatee and dougamampt has come forward fofor thfifit time in an exexcluseeinterview w nevevaa cable tv show. . hampton says he thinks johnn ensign o oughtoo resignndnd als thinks that hehe and his family serves some restitutioio in part, because h says both he and hihi wife lostst theirjo

i lucky t we e acklu t at this du seheng, ,ason ring the season, summer, we ge%95t o of the time of the produce we use at the restaurants from local farmer's markets. an ammish cooperative we work with, blueberry hill farms, foggy bottomarket we go to on wednesdays or dupont farmer's market on sundays. we have a tremendous relationship with those guys. they grow things exclusively for us and usually pick up tomatoes, tremendous tomatoes from pennsylvania and we also have -- with those farmers they get stability, custom blend mixes with arugula. >> everything is fresh now. this is the season. real quick, you tweaked them out there. how can people follow you? >> twitter. you can go to the website. we do specials and promotions. you can keep up to date with what i bring back from the farmer's market. beautiful things we just picked up on wednesday. come in and this is what we are doing with it. >> we thank you for taking time with us. we appreciate it. great tips today. back to you. >> all right. thanks, jim. >>> still ahead on "news4 at 4:00," more on the severe weather that forced us to

if whater her asons, i'm sure she reayas sensitive to the attacks on her family as a part of it, it's the ong way to do it. this i not somehow or other i ink her making national politics not the natural platform for her. >>at buchanan, want to bring you in here becauseou old friend, bi crystal, said she mae crazy like fox there could be polical genius invo here. she could stand make a lot of money and posion herself for a more serious 2012 run than she coulhave if you were isolated up in alaska. yo thoughts? >> i think there's a clear possibily. look. she's going to take a hit, ven what mort said, the mann i which she did i when she stood down and how it was haled. but there is no doubtbout it that onc she leaves the goveship of alas, she gets out from these constant accusations that have cost her $500,000 inlegal fees. her family is off the map fr all these attacks and she is liberad to come south and campaign all through the unid states in 2010 for reican candidates taken barack obama directly. think republicans will pick up house seats. athat oint, however, she decides to run f pre

michael vick has missed the last two nfl asons.uld miss a third of the season if a team signs him. vick will have a mentor to reach out to in former colts head coach tony dungy. commissioner goodell had to make a decision quickly, a week after vick completed his sentence. >> i am not here to punish anybody. we're here to extend players' careers rather than limit players' careers. and that's important for us to do if they recognize the standards by which we're going to hold them accountable for and everybody in the nfl. i believe michael understands that. i believe he deserves the opportunity to earn his way back on to the field. but he will have to earn it. it's up to him now. and we will support him the way we hav >> michael vick released this statement through his agent. he said i fully understand that playing football in the nfl i a privilege not a right and i'm truly thankful for t he oprtunity i've been given. asxd can imagine the last two years have given me tim to reevaluate my life, mature as an individual and f tly underst

people can race constitutional claims in less important cases as well as more important ses, bt the ason we wanted toocus on constitutional cases is constitutional cases are the cases in which our federal judges have the most powe they canctually strike down e action or, you ow, a statut passed by a gislature or an action of anoer vernmental official an say that that action was unconstitutional. yore not allowed to do it again. >> let me go to one thing, al franken hajust joid the judiciary committe the first tie're going to see him as a senator wi be when he's participating in these hearings starting monday. he is not a lawyer. he's one of now three ople on thejudiciary people who never went to lw school. howo you feel as law school graduate, a lawyer, a judicia expert doing this nd of work, how do you feelboutrusting the evaluation of supreme court nonees to people who don't have professional legal traini? >> you know, one thing i think outhat is tht, you know, the w applies to everyone, to lawyers and nonlawyersike, antoo oftenjudges get caught up in this conce of law, and theye not t

bubut ththinthat's a a ason to be cautiouous. i think the e.m. w wldld sll needs the e amicic consumer to bebe t growth eeinine. bunumber two, what's happenining in commodities t tel m me 's ve dangerous. i would d sabebein longg ewz r the run n it's had, i think i would rather have a brbr zilian wax than orarazian shares ghght re. it's spot,t, ielelve. >> on n th n not steve.e. >> there's a lot to dedeba, , agree withth y.. i think the e could believedecos over. >> timee w for our "fast money" poll of the day.y. ththwhwhithouse is set too me e decision s soo should bebeanankee repointed? a,a,eses. b, no. log ontoto fastmoney@y@bcbc.c ad cacastour vote and lets know what you think. whatat making this group of roer date scathingg digital bies do black flips? rerenfinerman's stotock o of e daday m mig havee you doing bac ips. >>> wlolo at the stocks lightiti u up screenscross wall reet today. fofound d the late '90s as the first company to havavviviews to have contrtrolvevetheir tv wahihingnd their time, this company has recentlyly bnnem pll l roil

so there are some potentiay controversial ascts to this that haven't completely aced ye partrtf the ason i think it's worth thinking a aut why congress w wld be set about this is if you go backcknto th history of theheia, thwhole id of intelligence oversrsht, it c came out the 1970s after plans for asasssinatn attempts susurfacednvolving the cia. so the idea that cheney y might have specififically trd to keep congss from knowing about t what could be seen as assasassination attempts i icertaiy going to push lot of buttons up on n e hill. >> i know seymour r hersh'hint of the story i in minnota in the spring w about stuff run out of the pentagon n ecificly not tied t to the a but it seems markable we might be talalking abouout in aeriod of months two secret assassination s squads somehow totouching othe vice presesident ofhe united states. is that too mumu of a coincidencnce? could we be talking g out th same squad o ojust t aspects of the se operation? >> well, i iean, t particulars -- from what we knowow so fa anyway abobout this rticular hit sqd was that it was neveveup and running. ey

another ason why twice as many smarhone users have chosen at&t. gea nokia e71x, the thinnest srtphonfor 99.99 after mail-in bate. tdd#1-800-345-2550 including whi trust to look after my mey." tdd#: 1-800-5-50 tdd#: 1-800-345-2550 "the dt migh be settling... tdd#: 1-800-345-2550 that's great, but i'not." d#: 1-800-345-2550 tdd#: 1-800-345-50 "i gueh doing nothing, you know? td: 1-800-345-2550 tdd#: 1-800-345-2550 "oh, i'm not thinking oui moving it."ney. k toda >>> welcome back. let's take a look at some of the business headlines we're working on at this hour. the commerce department reports that the u.s. trade deficit unexpectedly fell nearly 10% in may to a level of $26 billion. that is the lowest level in more than nine years. it is due to imports falling for the tenth straight month and exports posting a small gain. >>> the university of michigan's preliminary reading of consumer sentiment for the month of july fell by more than six points to a reading of 64.6. that was a much larger than expected decline as consumers raised concerns about job

>> welell, i'll pot out whahat happened -- one e of the asons, as younow, i propoposed an accountability c commissio bibipartisan accountability commisission, toind out what everybody did, why t theyid it. but if somebody in govement is telling otothersot to obey the w, or suggting that at the highest levelels peoe are above the law, thaswrorong. in our untry, everybodyy has to obey the law. therere's not an exception for esident or a vice presidident or a united stateses senar. i think that he'll look i int it. but i alsoo think -- i've heard the c comments of senanator feininstein,ho's a chair of the sete intelligence committ. shee is very, very good. d she's certainly goingngo go into this. how t troubledre you this was going on andd e congress didn't knowow aboutit? >> ell, if the vicpresident totold theia not to inform the congngress, ashey're required to by lawaw, then he's telli them break the aw. >> isis th the tipof the iceberg, senator? >>ell, it may well be we do know of course,e, from th reports, the published reports, and when ththisrogram was diovered or rerted to ln panene

the ason is i think it is irresponsie for an ex-sretary of defense to comment in a way on the acons of a presint who's eply involved in war wit hundreds of thousands o our citizens at ris and he is crying out very delica negotiations with the u.n. andther counies. i haven't said a word and i'm notgoing to. >> see, thiss where we do disagree. >> rose: what do you disagre about? >> i thinkthat it's very portant for robert mcnamara to speak out abt these issues. rose: i do,oo. >> inow he has very, vy strong feelings. i knowhe said thgs to me in private. ment >> i'll kl you if y repeat them! >> and, in fact, i won't repeat them out of respect for him and our relationsp. but i know that he has spent a fe... a large fraction of a lifen plic service. d he has learned a lot of thingsrom thatife. and it's imrtant that he brings that knowledge to bear. >> ros but he isot doing it total. you know he's not, earl, ce on! >> now wait a second.... >> rose: you just said that! >> i thin that he cld be more outspoken. >> he specifically thinks i should comment on th iraq situation. in the book,in retro

constitutional scholar, t i think t standard should be, does she app the law based on rational legal asoningd is she within the bnds of mainstream thinkg on issues of basic civil rits? and on bo questions, i think the aner is unequivocally yes. >> reporte manhattan district attorney robert rgenthau hired somayor upon her graduation from yale law school he was ask by illinois democrat dicdurbin about his decision to re her, and sotomayor's now famous "wi latina" remarks. >> mr.orgenthau, when you were aleed about her skills in law school, did ty tell you that they had an opportunity he for you to hire a wise latina lawyer? that what you were in the market for? >> absolutely not. i mean, i took one lookt her resume-- summa c laude at princeton, "yale w journal", and i said. and then i talked to her, and thought she was commonsse and judgment and illingness to work. the fact that she was lato or latina had solutely nothing to do with it. >> reporte with sotomayor's testimony now finished, senate vote on her nomination could very welcome before members leave fothe congressional recess on august

one of the executors namedjohn branca, had actually been fired by jackson in the past for different asons even though he was hired rently. they had questions about that. but in the end they said they did not contest the ll. they're okaywith it,but they stl want katheri jackson to reserve her right to be able to objecto things as she would be by law away. guys? >> nbc's michel kosinski, michelle, thks for the report. >> the bigger picture, the ongoing investigations in the wake of michael ackson's death. right now jackson tee childrenre in the custody of thsinger's mother. but the l.a. department of children and familservices is w looking into the wfare of thdren. thinvestigation invoes talking to thchildren about their life when their fath was alive. and the other vestigation, ether prescription drugs pled a role inichael jackson's death. he los angeles times" ports that five doors who prescribed medicine to jkson are unde inveation. joinin us is head anesthesiologist dr. howard neer >> thanyou. >> how do they put together an investigation? when a ctor gets a certain medicine for aatient,

they may have a sean where they shoot a us more often than other asons, but during the winter when there not shoing ats, they're me often than not puuing a silent war, a campaign ofear and intimidation in vulnerable communitie in afghanistan. we've done a terrible job protecting those communities. so we hav't had the resources to do it, we hen't had an effective strategy and until quite cently we haven't d leadersh in afghanistan that' really been able to tak control of this situation. that's not an indictment of general mckiernawho, by all accounts, was a higy compent coander and just personly eaking as a former army officer i think it was disheaening the way he was dismissed, as big a a fan as i am of general mccrystal. but, again, it's strategy, it's reurces and it's leadership and we haven'tad all three in afghanistan until ite recely and thers hope that we can turn this around but, quite honestly it's quite late in the ga. >> rose: okay. let's talk about leadersp for the a second. th weekend "walstreet journal" h a piece called "class of nerals: the cadets of 1976 gradued fromest po

>>ose: go ahea >> all i was goingto say ishe other thing that's really...he ason it' cating so much coroversy, as scott said, there's an issue about oversight. bacally, under l, the c.i.a. is supposed to inform congress of any major intelligen operations that its planning. not necesrily justnes that are alread under way. and so the hill... congress was alrey furious with the c.i.a. for what some members up their felt was nadequately telli th about the interration and detention programs that the c.i.a. rap during the bush years. at's why you have nps saying she didn't undstand or was not told about... wasot told about waterboaing. yove had setor white house from rhode isld saying that they lie and said that torture was necessarynd only don as a last resort and in fact they jumped to it right away and it didn't wor there have beemany allations from the hill, belatedly, that ey weren't truly informed. and,f course, there e many people who think that at the sa time the hill... some of these people in coness really didn't want toear too much about this becse it makes them complicit in some way. >>

. >> it willlle e a challenginingk to s sooool ason because consumers are spendidingnn need ther than on wt t d they're looking for loww prices. >> she says the off-p-pri tatails are best sitioned to ke advantage of thth current enviroronmt.t. companies likekeososs and tjx, whwhicboth beat and raised guguidcecen addition to childrdr's's railer gymboreeee upped their foforestst a their outlook by tenen ctsts as well taetetepartment storeses. also doingbetter thanxpxpted today. hlhl, jcpenney's,, nordstrom,m, and saks all beatt expectatatiop saks produced the e biesest side supupy.y. sales at the high-end deparartmt chain slslpeped 4.4% b t the markrk w wasxpectation a m mh lalarg near 12% drop. alalts sayor retailers it wot be enough to continunu cutting costsoioi foforwd,d, so pursuing m msures on the e co sidedeikike renegotiating g re a titighr ientory controls won't be enonoug to h hpp iestor optimimism instead the retailers ndd to show sales improveveme.. that's's gngng tomome wn to the ste e the cononsur.r. most impmptatant, they n nee to feel m mor secure about t tir job, thr po

topic to leap onto the besteller list without much in e way of publicity, especially in this summer asonof easy reing for the beach. but that's what has happened with robert wright's new boo "the evolution of go" maybe that's bause the auth's reputation precedes him. robert wright is journalist known for tackling bigdeas with clarity andnsight. inis 1994 book, "the moral animal," he argu that the biolical process of natural selection that determis the fate of species can create a more ethicaluman society. and his book, "nonzero," published in 2000, hused game eory to speculate that exisnce in the contemporary world doesn't have to be ain- lose proposition. now,en years in the making, comes "t evolution of god." wright brings a fresh perspective to theumultuous rise of e three great monothstic religions: judaism, christianity and islam. he concludes that whetr god truly exists m not be as important as how the idea ofod has changed over theenturies, often struggling to evve from the idea of a bellerent deity to one of tolence and compassion. robert wright is senior fellow at the newmerica

you just need to ason it. the seasonings are here. [ laughter ] put the knife down!g you go around left-handed with a knife. a little bit of fennel. >> jimmy: fennel. >> and seafood seasoning on the shrimp. >> jimmy: yep. >> again with the -- >> jimmy: what do i -- >> make those hands work! >> jimmy: sorry -- [ laughter ] fennel like that? >> right. >> jimmy: fennel. >> and seafood seasoning, some old bay. >> jimmy: old bay seasoning. very good, yeah, on this shrimp. >> we started the scallops first. >> jimmy: oh, man. looking nice. >> you flip them over. >> jimmy: yeah. is that enough seasoning? >> that's good. you did a nice job there. it's lovely. you're very good one-handed. >> jimmy: oh, my gosh. you're just being very nice to me. >> no, i'm not. i'm being fair. >> jimmy: and look at this, with this knife -- [ laughter ] >> oh, they didn't see that. look away. >> jimmy: yeah, look over there for a second. there you go. like benihana. >> like benihana. >> jimmy: benihana. >> now, this actually has to cook. but these things don't get very hot. >> jimmy: that's all

>> that's one of the asons he was chosen. he w chosen also-- and th is what chris craft, one of the great lions of nasa will tell you-- was also chon because that's where t rotation was. he sai you know, nolur on any of the pilots who flew any missions >> rose: anyby could have gone up the rotation? >> theotation came up, if "apollo 11" hadn't wked pete conrad would have been the first man on theoon. if "apollo 12" hadn't worked, al shepherd would have been rst and he and "apollo 133-" later itch because sheerd needed re training time. so whoever was nt inine would ha been the first. >> rose: is tre one first amg equals? >> i asked chris cra that. if you ask me i would say jim lovell. i'm biased. jim ani have rked together. >> ros "apollo 13" "gemini " rose: tomanks. >> exactly. jim was and still is a fantastic rudder and stick man. frank boorman, command of "apollo 8" was considered a true genius iterms of his natural feel. he was a cautio astronaut but a terrifically adept one. but chris crt, when i asked m that question, i

one simple ason, i worked at 39 south lasalle street and i s walking home one day. >>ose: in chi i can for the of you that don't know lasalle street. >> 19 south lasal street and there wathe university of chicago. i hadn planned on going ther and i said well y don't i goere for night school. it 100 feet from my office. so i wen thereand it changed my life. i met all thes great profesrs. i taught part-time there. and one of my close friends s george schult and george schultz callone day and says the psident wants to see y. and thnext thing you know my whole le changed. >> rose: was he then director of office and managent. director of office and management. >>ose: so you went to work for richard nixon. >>s his assistant f international econicsment and my wle lifehanged. now i had not worked at 39 soutlasalle, had i not walked by9 south lasalle, my carr would have been to the tally different. >> re: what is the moral, make sure you get caut anerizing so you get kicked out of the coege. make sure yo work in a certain ace so you will meet a certain pern, is this theoral