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Sep 16, 2012
09/12
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ben tracy walks us through amazon's one million square foot response. and the royal family is not amused. seth doane has the latest on the photographs that have palace insiders seeing red. captioning sponsored by cbs this is the "cbs evening news." >> brennan: good evening. i'm margaret brennan. the pace of anti-american protests eased a bit today. u.s. marines arrived in yemen to bolster security at the american embassy. but another contingent was refused entry to sudan. the state department says tonight, it's ordering all non-essential personnel to leave both sudan and tunisia, these developments four days after the violent on theus consulate in libya that killed the u.s. ambassador and three members of his team. tonight we are getting our first look at the safe house that came under fire. charlie d'agata and a cbs news crew reached the building today. here's their report. >> reporter: the attack on the u.s. consulate in benghazi was just the beginning of a terrifying night for the americans inside. libyan officials told us their forces helped evacuat
ben tracy walks us through amazon's one million square foot response. and the royal family is not amused. seth doane has the latest on the photographs that have palace insiders seeing red. captioning sponsored by cbs this is the "cbs evening news." >> brennan: good evening. i'm margaret brennan. the pace of anti-american protests eased a bit today. u.s. marines arrived in yemen to bolster security at the american embassy. but another contingent was refused entry to sudan. the...
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Sep 23, 2012
09/12
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ben tracy is tracking a dock broken loose in japan's tsunami, now moving towards hawaii. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod. the shock waves from that anti-islamic video are still reverberating in the muslim world this weekend. hundreds of protesters battled with police today in bangladesh, and thousands marched in nigeria as well. in libya, a new twist-- attacks on islamic militia groups the residents say the libyan army has failed to control. in benghazi, elizabeth palmer saw the worst of the unrest. >> reporter: the death of ambassador chris staefns and three of his team was the last straw. benghazi citizens marched on friday with the country's air force flying in support overhead. their message to the armed men who refuse to give up their guns, "we've had enough of you." after dark, a hard core decided to enforce that message. they stormed four bases belonging to the fighter groups, including radical islamists ansar al sharia, suspected of attacking the u.s. consulate. facing popular anger like this, t
ben tracy is tracking a dock broken loose in japan's tsunami, now moving towards hawaii. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod. the shock waves from that anti-islamic video are still reverberating in the muslim world this weekend. hundreds of protesters battled with police today in bangladesh, and thousands marched in nigeria as well. in libya, a new twist-- attacks on islamic militia groups the residents say the...
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Sep 16, 2012
09/12
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>>> absolutely that savings will be there >>> ben tracy cbs news >>> oakland police department runs into a staffing problem at its lowest level in more than a decade the city has 631 officers, down from 643 earlier and a high of 8374 years ago. it mandates overtime and consolidates patrols and cuts down on curfew enforcement the chief says numbers will continue to decline until a new academy graduates in january. san jose state won students to watch after an attempted robbery reported on campus. four or five men tried to rob a man on campus at 1:15 a.m. yesterday morning one of the suspects pulled out of pocket knife the victim was not a university student and got a white. the university urges students to walk in groups and utilize safety escorts the waterways known as the bay area's filthiest are cleaner coastal cleanup day targeted five spots by save the bay at coyote creek and san jose volunteers filled trash bags baekeland a stretch between dillard road and capitol expressway. >>> the go up and down the creek it was clean then but now gotten messy so i don't like it >>> save the bay
>>> absolutely that savings will be there >>> ben tracy cbs news >>> oakland police department runs into a staffing problem at its lowest level in more than a decade the city has 631 officers, down from 643 earlier and a high of 8374 years ago. it mandates overtime and consolidates patrols and cuts down on curfew enforcement the chief says numbers will continue to decline until a new academy graduates in january. san jose state won students to watch after an attempted...
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Sep 23, 2012
09/12
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far the been has not been welcomed with open arms it is quarantined and check for invasive species ben tracy cbs news >>> a first de a fall and warm inland brian hackney is here >>> a warm day in the bay area that will change a little bit tomorrow looks warm for the bay area nearly 90 inland, will get cooling mid-week low pressure spinning in the aleutian islands cents high clouds, that will lead to another warm day but a few changes evident tomorrow high clouds over the bay area meantime tomorrow morning looks nice plenty of sun and the bay area low clouds at the coast, starts out in the high 50s to low 60s. by sunday midday the high clouds seen through the bay area you might think something is on the way but this is the last gasp of a weak system from the gulf and we recover with high pressure tomorrow temperatures will rise on monday. 90s for the great valley 73 lake tahoe, overnight closed chilly in santa rosa 46, 57 fremont, 55 san jose, mostly sunny skies tomorrow, 78 san jose, antioch tops out at 87, brentwood 90, plenty warm inland napa a high of 80, 79 vallejo, forecast high of 8281
far the been has not been welcomed with open arms it is quarantined and check for invasive species ben tracy cbs news >>> a first de a fall and warm inland brian hackney is here >>> a warm day in the bay area that will change a little bit tomorrow looks warm for the bay area nearly 90 inland, will get cooling mid-week low pressure spinning in the aleutian islands cents high clouds, that will lead to another warm day but a few changes evident tomorrow high clouds over the bay...
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Sep 16, 2012
09/12
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the only thing moving our market is helicopter ben. >> tracy is right.y what appears to be an overtly political move. the way to play this ridiculous game is 11% yield. >> wayne rogers? >> i like palomon materials. it's an engineering and application of polymer and it's a growing industry. >> cheryl: okay. thank you very much. jonathan, last one to you. >> bkln is a senior loan portfolio. it actually can go up even interest rates are going up, especially on the short end. ths
the only thing moving our market is helicopter ben. >> tracy is right.y what appears to be an overtly political move. the way to play this ridiculous game is 11% yield. >> wayne rogers? >> i like palomon materials. it's an engineering and application of polymer and it's a growing industry. >> cheryl: okay. thank you very much. jonathan, last one to you. >> bkln is a senior loan portfolio. it actually can go up even interest rates are going up, especially on the...
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Sep 25, 2012
09/12
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as ben tracie reports, a man who ignored evacuation orders was found dead on monday. >> reporter: the,000 acres in campo, california. 65 miles east of san diego near the border with mexico destroying 20 homes and possibly taking one life. >> we don't know the cause at this point of death, although his body was found in his structure. >> reporter: people who live many the area say that would likely be the 82-year-old man who lived in this house. >> told him to get out, but he didn't leave. his truck is still there. >> reporter: the fire started sunday afternoon and spread so quickly that homeowners were caught off guard. >> at exactly 20 minutes to get my horses and just get whatever. get it and get out of there. >> the fire activity has increased. we haven't seen much smoke production today, and that's because we haven't had a lot of fire growth. >> firefighters say they're getting the upper hand thanks to decreased wind, but evacuation orders remain in place and dozens of structures are still threatened. for cbs this morning, ben tracy, los angeles. >>> and a warning for seniors and
as ben tracie reports, a man who ignored evacuation orders was found dead on monday. >> reporter: the,000 acres in campo, california. 65 miles east of san diego near the border with mexico destroying 20 homes and possibly taking one life. >> we don't know the cause at this point of death, although his body was found in his structure. >> reporter: people who live many the area say that would likely be the 82-year-old man who lived in this house. >> told him to get out,...
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Sep 12, 2012
09/12
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ben. back to you guys. tracy: promises promises nicole. thank ben willis for us. ust about everyone of you watching fox business has bought clothes online and guessing you had to return. tracy: just in the last five minutes. >> not supposed to give that away. liz claman live in san francisco for her "3 days in the valley" coverage with a startup which may mean never having to fill out a return form again. >> tracy, are you shopping online in commercial breaks again? i know. we've both done that. we're at intel developers forum. this is really cool. is the mouse dead? this is gesture idea that intel is working on here. if you pan up to the screen you just click on everything that you need to do simply by using hand gestures. that leads us to our next startup company. it involves body mapping, scanning. almost like a nice segue to gestures. i want to introduce you to the cofounder and head of a company called body metrics. hence meaning you won't have to return any clothes now. tell us what body metrics does for the shopping experience. >> you go to a store like bloo
ben. back to you guys. tracy: promises promises nicole. thank ben willis for us. ust about everyone of you watching fox business has bought clothes online and guessing you had to return. tracy: just in the last five minutes. >> not supposed to give that away. liz claman live in san francisco for her "3 days in the valley" coverage with a startup which may mean never having to fill out a return form again. >> tracy, are you shopping online in commercial breaks again? i...
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Sep 25, 2012
09/12
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as ben tracy reports, a man who ignored evacuation orders was found dead on monday. >> reporter: thegh acres in campo, destroying 20 homes and possibly take one life. >> we don't know the cause at this point of death, but although his body was found in his structure. >> reporter: people who live in the area say that would likely be the 82-year-old man who lived in this house. >> told him to get out, but he didn't leave. his truck is still there. >> reporter: the fire started sunday afternoon and spread so quickly that homeowners were caught off guard. >> i had exactly 20 minutes to get my horses, birth certificates, whatever, get it and get out of there. >> the fire activity has decreased. we haven't seen much smoke production today and that's because we haven't had a lot of fire growth. >> reporter: firefighters say they're getting the upper hand thanks to decreased wind, but evacuation orders remain in place and dozens of structures are still threatened. for "cbs this morning," ben tracy, los angeles. >>> and a warning for seniors in medicare prescription drug plans. you are about
as ben tracy reports, a man who ignored evacuation orders was found dead on monday. >> reporter: thegh acres in campo, destroying 20 homes and possibly take one life. >> we don't know the cause at this point of death, but although his body was found in his structure. >> reporter: people who live in the area say that would likely be the 82-year-old man who lived in this house. >> told him to get out, but he didn't leave. his truck is still there. >> reporter: the...
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Sep 24, 2012
09/12
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as ben tracy reports, voters rewarded some old favorites and made room for worthy newcomers as well. >> that's how the emmys got their name. m-e. me. >> reporter: hollywood has never been shy about congratulating itself. >> i like attention. >> drama queen. >> and tv's biggest night did not disappoint. >> thank you, hollywood. >> reporter: shetime easter richl drama "homeland" was the night's big winner. sweeping the drama categories with six emmy wins, including best drama. that denied "mad men" what could have been a record setting fifth emmy. "homeland's" claire danes won for best actress and her coe star damien lewis best actor. >> we're going to go away to a romantic island together just for the weekend. when that baby's ginger, you guys are going to have a field day. >> reporter: "modern family" was once again the big winner in the comedy category. >> this is an embarrassment of riches. >> reporter: taking home emmys for supporting actress and actor as well as third consecutive best comedy award. >> i'm stunned. >> reporter: it was two and a half men's jon cryer who won for lea
as ben tracy reports, voters rewarded some old favorites and made room for worthy newcomers as well. >> that's how the emmys got their name. m-e. me. >> reporter: hollywood has never been shy about congratulating itself. >> i like attention. >> drama queen. >> and tv's biggest night did not disappoint. >> thank you, hollywood. >> reporter: shetime easter richl drama "homeland" was the night's big winner. sweeping the drama categories with six...
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Sep 12, 2012
09/12
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consulate in ben ganske, libya. tracieive with the latest. >> reporter: he was a northern california native born and raised there. also graduated from uc berkeley in 1982. we're talking about ambassador christopher who was killed in this attack. we're told initially it was a staffer but it was finally confirmed it was in fact the ambassador. he was a 21 year veteran of the state department but before that he not only went to uc berkeley but also got a law degree seven years after the uc hastings college of law so bay area ties here. we've learned in addition to him there were three others who were killed. one of them, sean smith who was a foreign service officer, a ten-year veteran of the state department. this all happened after the consulate was burned. it was looted. and we saw similar thing happen to the u.s. embassy in cairo. protesters ripped and burned a flag. another california tie because apparently all these protesters were upset about a californian who created a 14 minute trailer on youtube now a video they say
consulate in ben ganske, libya. tracieive with the latest. >> reporter: he was a northern california native born and raised there. also graduated from uc berkeley in 1982. we're talking about ambassador christopher who was killed in this attack. we're told initially it was a staffer but it was finally confirmed it was in fact the ambassador. he was a 21 year veteran of the state department but before that he not only went to uc berkeley but also got a law degree seven years after the uc...
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Sep 10, 2012
09/12
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ben roethlisberger threw an interception to tracy porter. 43-yard return. denver wins. debut of robert griffin iii. he was sensational yesterday. i don't know anyone that thought the redskins would win yesterday. garcon out runs patrick robinson and griffon on his game. two touchdowns. drew brees had a couple of touchdowns and some interceptions. the redskins win it. billy cundiff four for four kicking field goals. the yankees spank the birds yesterday. over 173,000 for the weekend. matt wieters off of freddy garcia. some betterment scores -- wilson betemit scores. the yankees were just getting started. the orioles throw the yankees by a game. mohammad ali was a guest of the ravens yesterday at the training complex. very inspirational. >> we have a water cooler question dealing with the ravens. everybody is playing well. we asked -- what are your predictions for the ravens' 2012-2013 season? >> joe has a different prediction. keep sending us those responses. we will read more of your responses in the next hour and post all of them on the front page of our website, wbalt
ben roethlisberger threw an interception to tracy porter. 43-yard return. denver wins. debut of robert griffin iii. he was sensational yesterday. i don't know anyone that thought the redskins would win yesterday. garcon out runs patrick robinson and griffon on his game. two touchdowns. drew brees had a couple of touchdowns and some interceptions. the redskins win it. billy cundiff four for four kicking field goals. the yankees spank the birds yesterday. over 173,000 for the weekend. matt...
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Sep 10, 2012
09/12
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ben roethlisberger also threw two touchdowns. tracy porter picks it off and he is gone. denver wins. a lot of people have a noted the broncos the team to beat. the yanks won big yesterday, 13- 3. the yankees were up 5-0. matt wieters hit a shot. 5-3. the yankees had a five-run eighth. derek jeter hits the home run. yankees opened up 81 game lead -- yankees open up a one-game lead. >> 6:26. 59 degrees on tv hill. >> it is not just a game tonight at ravens stadium. >> a touching tribute to the memory of a cockeysville native whose life was cut tragically short. >> we're taking a look at the area roads as volume starts to pick up. >> it is a co-star to the day but pleasant by the afternoon -- t a cold start to >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 6:00 a.m. >> good morning, everybody. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. >> tony pann has a check of today's forecast. it is gorgeous this morning. >> what a great start. temperatures around 60 degrees. we
ben roethlisberger also threw two touchdowns. tracy porter picks it off and he is gone. denver wins. a lot of people have a noted the broncos the team to beat. the yanks won big yesterday, 13- 3. the yankees were up 5-0. matt wieters hit a shot. 5-3. the yankees had a five-run eighth. derek jeter hits the home run. yankees opened up 81 game lead -- yankees open up a one-game lead. >> 6:26. 59 degrees on tv hill. >> it is not just a game tonight at ravens stadium. >> a touching...
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Sep 10, 2012
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ben looks that way. comes back, it's intercepted! picked off and running into the end zone for a touchdown! tracy porter. >> cris: where have we seen that before? >> al: tracy porter who locked up the super bowl for new orleans with a pick of manning. they have locked this one up with a pick of roethlisberger. >> cris: what a game for tracy porter tonight. a little inside release, didn't like it, arrows back outside. you can see porter looking back at roethlisberger. and there he goes. and somewhere peyton manning is saying, see, ben? got me, too. you want to go for two here, right? >> al: you do. you want to make it 14. it's 12 right now. manning saying put the ball down. we're going to go for two. after a 43-yard return. >> cris: and boy, let the expectations go up in denver. they were sky high anyway. but after beating the pittsburgh steelers, there's going to be a lot of super bowl talk around here. >> al: the two-minute warning with 1:58 left on opening night in denver. 31-19. 4g lte has the fastest speeds. so let's talk about coverage. based on this chart, who would you choose ? wow. you gu
ben looks that way. comes back, it's intercepted! picked off and running into the end zone for a touchdown! tracy porter. >> cris: where have we seen that before? >> al: tracy porter who locked up the super bowl for new orleans with a pick of manning. they have locked this one up with a pick of roethlisberger. >> cris: what a game for tracy porter tonight. a little inside release, didn't like it, arrows back outside. you can see porter looking back at roethlisberger. and there...
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Sep 10, 2012
09/12
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ben looks that way. comes back, it's intercepted! picked off and running into the end zone for a touchdown! tracy porter. >> cris: where have we seen that before? >> al: tracy porter who locked up the super bowl for new orleans with a pick of manning. they have locked this one up with a pick of roethlisberger. >> cris: what a game for tracy porter tonight. a little inside release, didn't like it, arrows back outside. you can see porter looking back at roethlisberger. and there he goes. and somewhere peyton manning is saying, see, ben? got me, too. you want to go for two here, right? >> al: you do. you want to make it 14. it's 12 right now. manning saying put the ball down. we're going to go for two. after a 43-yard return. >> cris: and boy, let the expectations go up in denver. they were sky high anyway. but after beating the pittsburgh steelers, there's going to be a lot of super bowl talk around here. >> al: the two-minute warning with 1:58 left on opening night in denver. 31-19. 4g lte has the fastest speeds. so let's talk about coverage. based on this chart, who would you choose ? wow. you gu
ben looks that way. comes back, it's intercepted! picked off and running into the end zone for a touchdown! tracy porter. >> cris: where have we seen that before? >> al: tracy porter who locked up the super bowl for new orleans with a pick of manning. they have locked this one up with a pick of roethlisberger. >> cris: what a game for tracy porter tonight. a little inside release, didn't like it, arrows back outside. you can see porter looking back at roethlisberger. and there...
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Sep 10, 2012
09/12
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ben looks that way. comes back, it's intercepted! picked off and running into the end zone for a touchdown! tracy porter. >> cris: where have we seen that before? >> al: tracy porter who locked up the super bowl for new orleans with a pick of manning. they have locked this one up with a pick of roethlisberger. >> cris: what a game for tracy porter tonight. a little inside release, didn't like it, arrows back outside. you can see porter looking back at roethlisberger. and there he goes. and somewhere peyton manning is saying, see, ben? got me, too. you want to go for two here, right? >> al: you do. you want to make it 14. it's 12 right now. manning saying put the ball down. we're going to go for two. after a 43-yard return. >> cris: and boy, let the expectations go up in denver. they were sky high anyway. but after beating the pittsburgh steelers, there's going to be a lot of super bowl talk around here. >> al: the two-minute warning with 1:58 left on opening night in denver. 31-19. 4g lte has the fastest speeds. so let's talk about coverage. based on this chart, who would you choose ? wow. you gu
ben looks that way. comes back, it's intercepted! picked off and running into the end zone for a touchdown! tracy porter. >> cris: where have we seen that before? >> al: tracy porter who locked up the super bowl for new orleans with a pick of manning. they have locked this one up with a pick of roethlisberger. >> cris: what a game for tracy porter tonight. a little inside release, didn't like it, arrows back outside. you can see porter looking back at roethlisberger. and there...
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Sep 13, 2012
09/12
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tracy: welcome back. we're awaiting federal reserve chairman ben bernanke's news conference.is expected to start in a few minutes. we'll bring it to you when it starts. ashley: there is a live picture of podium. stocks move up following the federal reserve's announcement. does all this work and do the actions by the fed really matter? that is the big question. charles payne is here. >> i'm here to break the tie between gerri willis and lou dobbs. i'm leaning with gerri willis on this okay. listen, i've been pounding people own stocks, buy stocks, buy stocks. people making a ton of money that's the way you counteract this. talk about the tsunami of money and what has worked. obviously the stock market. the s&p was 896 when it all started. now it 1498. mortgage rates were high, now they're sub stacksly lower, typically at all-time lows. that stuff has worked. what hasn't worked? by the way the what are the fed's main two gigs? inflation, they tweak the cpi. i don't even believe that. talk about the tsunami of money. unemployment rate. 8.1. nine million people dropped out of the
tracy: welcome back. we're awaiting federal reserve chairman ben bernanke's news conference.is expected to start in a few minutes. we'll bring it to you when it starts. ashley: there is a live picture of podium. stocks move up following the federal reserve's announcement. does all this work and do the actions by the fed really matter? that is the big question. charles payne is here. >> i'm here to break the tie between gerri willis and lou dobbs. i'm leaning with gerri willis on this...
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Sep 10, 2012
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late in the fourth, ben roethlisberger trying to lead the field for the game-winning score. picked off by tracy and that seals it. >>> how about the saints and the redskins, robert griffin iii, one of five rookie quarterbacks making the debut yesterday. drew brees hitting jimmy graham. new orleans won every single home game last season. looked like he was picking up right where he left off but rg3 had another ideas. the heisman trophy winner hits pierre garcon. 88 yards. that is robert griffin iii. first touchdown pass and he gets it. think fans think they may have found their quarterback of the future. rg3 stuns the saints. 40-32 he was the only one of those five rookie quarterbacks that came away with the "w." >>> more football notes, history from the 49ers went against the packers at lambeau field, by the way. >> indeed, david akers tied the nfl record for the longest ever field goal, 53 yards. wow. just enough before the ball hit the cross bar before then bouncing over. he's the fourth kicker ever to hit from 53 yards. >>> serena williams now a four-time winner at the u.s. open. she was two
late in the fourth, ben roethlisberger trying to lead the field for the game-winning score. picked off by tracy and that seals it. >>> how about the saints and the redskins, robert griffin iii, one of five rookie quarterbacks making the debut yesterday. drew brees hitting jimmy graham. new orleans won every single home game last season. looked like he was picking up right where he left off but rg3 had another ideas. the heisman trophy winner hits pierre garcon. 88 yards. that is robert...
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Sep 10, 2012
09/12
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ben roethlisberger trying to make something happen. but he is picked off by tracy porter.e takes it all the way for the pick six. that seals the win for the broncos. they get their first win of the peyton manning era in denver, 31-19. broncos. >>> top pick andrew luck, manning's replacement in indianapolis, making his first nfl start against the bears. there were more than a few growing pains. luck in the red zone trying to find reggie wayne for the score. pass is tipped off. one of three interceptions thrown on the day by luck. colts lose andrew luck's debut in a rout, 41-21. >>> robert griffin iii, rg3, one of a record five rookie quarterbacks starting week one. he made it look easy against the saints. first quarter, hits pierre garcon. nice grab. and he is gone. 88 yards for the touchdown. rg3, his first career touchdown pass. he throws for two scores, 320 yards, leading the skins to a 40-32 win over the new orleans saints. >>> mark sanchez and the jets' offense trying to silence the doubters against the bills. he didn't throw a touchdown pass in the preseason but conne
ben roethlisberger trying to make something happen. but he is picked off by tracy porter.e takes it all the way for the pick six. that seals the win for the broncos. they get their first win of the peyton manning era in denver, 31-19. broncos. >>> top pick andrew luck, manning's replacement in indianapolis, making his first nfl start against the bears. there were more than a few growing pains. luck in the red zone trying to find reggie wayne for the score. pass is tipped off. one of...
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Sep 13, 2012
09/12
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ben bernanke and with the backdrop of the middle east. it is thursday morning and here is the company. the gang is back together. tracy charles payne and nicole petallides, floor of the stock exchange. the average american family's income is back where it was. in 1995, the information from them, median household income fell to $50,000. and in the peak of 1999. what do you make of this? >> not the case for no q e 3 i don't know what it is. since the announcement of q e 1 in 2008 stock-market that 50% and we have seen no increase in wages and no increase in the labour participation rate over the course of this time so more money and still not help the economy. we haven't seen wages go up over this period. we haven't seen hours worked increased at month but we see the costs of what we pay for down to dance classes all more money. stuart: these are adjusted for inflation. not like comparing apples and oranges but apples and apples. you don't want to see q e 3. that will be printing money. tracy: all it is doing is insuring my children will never leave home. stuart: welcome back. i have got this for you. 3.5% is the averag
ben bernanke and with the backdrop of the middle east. it is thursday morning and here is the company. the gang is back together. tracy charles payne and nicole petallides, floor of the stock exchange. the average american family's income is back where it was. in 1995, the information from them, median household income fell to $50,000. and in the peak of 1999. what do you make of this? >> not the case for no q e 3 i don't know what it is. since the announcement of q e 1 in 2008...
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Sep 20, 2012
09/12
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tracy: so where do we go from here? sir, with all due respect there was a meeting with federal reserve chairman ben bernanke that you didnot attend. there is joint hearings meeting on capital gains you're not at. how do we expect to get things if our congressional leaders don't show up to these events? >> well we have multiple meetings at the same time. for example the hearing that you just referenced i was actually the ranking member in a banking committee hearing on high frequency trading at the same time. and so although we may be in different parts of the capitol, it doesn't mean we're not engaged. tracy: you know what? maybe that is part of it, right? maybe focus on one thing as opposed to stretching you guys no thin where no one can make a decision. i'm thinking fiscal cliff, january 2nd, big deadline, should be the main focus right now. with this election, it doesn't look like anything will happen, does it? >> well, you're absolutely right, it should be the main focus. that's why i'm working with my colleagues on both side of the aisle with a comprehensive plan, only avoid the fiscal cliff but get us on a pathway
tracy: so where do we go from here? sir, with all due respect there was a meeting with federal reserve chairman ben bernanke that you didnot attend. there is joint hearings meeting on capital gains you're not at. how do we expect to get things if our congressional leaders don't show up to these events? >> well we have multiple meetings at the same time. for example the hearing that you just referenced i was actually the ranking member in a banking committee hearing on high frequency...
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tracy: 30 past the hour, checks on the market with nicole petallides on the floor of the new york stock exchange. good to see bene yesterday. nicole: in fact was on "countdown to the closing bell" yesterday where in fact you noted energy stocks on a pullback would be a good buy, and guess what is happening today. >> they're on sale today. you have crude oil pressure for the last few days for a whole host of things, fat fingers, whatever you want to call it, driving down the underlining equities side, that is a trade for investors to take advantage of. trading by professional traders moving with the commodity itself not necessarily the impact he will get from earnings and the fact you don't need to have $100-barrel per oil for those companies we talked about yesterday to make money. this is an opportunity for an investor, you should be looking to add your portfolio in the energy sector when they go on. on the contrary, costing them more. seeing the energy sector is selling off, what else are you seeing? the vix to the downside, what is the main thing you're bringing at the moment? >> the end of the week we have a
tracy: 30 past the hour, checks on the market with nicole petallides on the floor of the new york stock exchange. good to see bene yesterday. nicole: in fact was on "countdown to the closing bell" yesterday where in fact you noted energy stocks on a pullback would be a good buy, and guess what is happening today. >> they're on sale today. you have crude oil pressure for the last few days for a whole host of things, fat fingers, whatever you want to call it, driving down the...
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tracy: rich edson, thanks for doing all this today. rich has been working all day. tell you what, not reporting good news. even before today's jobs report federal reserve chairman bennke said the weak labor market was a grave concern to him. so are today's numbers bad enough to force the fed to act next week? let's bring in gus foshay, pnc financial services group, vp and macro economist. gus, thanks for being with us. two things that bothered me in the jobs report, hourly earnings down one cent, not a lot but down last month. temporary help which should be up during the summer, kids getting jobs temporarily, that was down too. to me the economy is not improving, is it? >> the economy is adding jobs, no question about that but job growth is below what we need to keep up with an expanding labor force. so we see unemployment rate basically holding steady, a little bit above 8%. tracy: but you have 368,000 people that said no mas, i tried, i tried, there is nothing out there. i would rather sit home and collect checks. >> yeah, we did see a big drop in the labor force. that is disconcerting, no question about that. the unemployment rate fell in august. that is because
tracy: rich edson, thanks for doing all this today. rich has been working all day. tell you what, not reporting good news. even before today's jobs report federal reserve chairman bennke said the weak labor market was a grave concern to him. so are today's numbers bad enough to force the fed to act next week? let's bring in gus foshay, pnc financial services group, vp and macro economist. gus, thanks for being with us. two things that bothered me in the jobs report, hourly earnings down one...