. >> there were cheers and clapping in the courtroom from bernard madoff's victims as the sentence of 150 years was passed down. the judge said that his crimes were extraordinarily evil, a fraud which was off the charts. his victims agreed. >> if mr. madoff got 150 years or he got 100 or he got 50, it doesn't matter. he still goes to prison for life. >> i'm not a vengeful person, but i'm glad he got 150 years. i would have been very upset like what his lawyers asked for, he would have only gotten 50 years. >> there were highly emotional scenes here in court as bernard madoff's victims told about the wreckage to their lives. some broke down in tears and had to be supported by family members before they could continue. bernard madoff told the court that he lived in a tormented state. then turning to face his victims, he said, "i'm sorry, but i know it doesn't help you." the judge said he didn't believe mr. madoff had told all he knew. passing sentence, he said a message needed to ebb sent of retribution and deterrence. for over 20 years bernard madoff swindled thousands of people over a

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bernard madoff was sentenced to 150 years in prison last week. oscar mayer has died.e third oscar mayer in the company. his father and grandfather shared the name. >>> coming up next on this wednesday, presley, lennon, cole. suns and daughters who followed their parents into the spotlight. will the jacksons do the same? i'm able to get out there and play with them. it means the world to me. problem is, i pay for it with the pain. the doctor diagnosed that i have arthritis undernath my kneecap. a real sharp, strong sensation. it aches. when i feel the pain coming on, go take two aleve. works fast, kicks in, and it lets me keep up with my kids. i want to teach them the value of family. i'm very proud of both of my sons. i couldn't ask for better. delicious flavors... expertly blended... because great tasting dressings aren't just made, they're crafted. it's in your future now. [ female announcer ] discover the power with total soy, it's clinically proven to visibly reduce past damage while advanced spf 30 helps prevent future damage. aveeno positively radiant. discover

. >>> and when we come back, a long trip to a new prison comes to an end for stock swindler, bernard madoff>> and the president takes to the mound in st. louis. the ball or strike call, next in spor >>> welcome back. these are the latest headlines from abc news this morning. sonia sotomayor is defending herself against accusations that she's too biased to become a supreme court justice. there will be more questions today on capitol hill. >>> the black boxes and the damaged portions of a southwest airlines jet arrived in washington, for a closer look by the ntsb. investigators want to know what caused a hole to break open in the plane's fuselage. >>> and a total of seven men are in custody in the murder of a florida couple with adopted children. police are still looking for one more suspect. >>> president obama moved quickly to endorse a health care plan endorsed by house democrats. almost as quickly, house republicans promised to fight it. but the question about how to pay for it is still very much up in the air. here's jonathan karl. >>eporter: house democrats claimed their bill would guar

. >> susie: it missed the credit crisis, and the bernard madoff ponzi scheme. some say more money would solve the problem; others say the agency just needs to think smarter. but as darren gersh reports, chairman mary schapiro says the s.e.c. is improving the way it does business. >> reporter: to many members of congress, the securities and exchange commission is almost a troubled teenager. after each bad report card, it offers a long list of excuses. today, congressman scott garrett asked s.e.c. chairman mary schapiro why investors should believe this time will be different. >> it seems like the s.e.c. is always coming in after the fact to the table, always a different chairman, saying, "we realized our errors and now we're going to try to correct them." >> reporter: in response, schapiro offered a long list of corrections. the s.e.c. is focusing enforcement on what it calls "high impact cases" that could hurt the most investors; it's increasing training for employees; and hiring more experienced market professionals; and tightening controls on investment advis

bernard madoff was sentenced to 150 years in prison last week. oscar mayer has died.e third oscar mayer in the company. his father and grandfather shared the name. >>> coming up next on this wednesday, presley, lennon, cole. suns and daughters who followed their parents into the spotlight. will the jacksons do the same? >>> welcome back. these are the latest headlines from abc news. the coroner here in los angeles has issued a death certificate for michael jackson, leaving out the cause of death for now. that will likely come when toxicology tests are complete. >>> president obama arrives in italy today, to talk about the global economy and international security with other world leaders. >>> and congressional investigators were able to smuggle bombmaking material inside ten federal buildings, according to a new report. a senate committee hears more about the security lapses later today. >>> jeremy, there in l.a., i'm sure the papers have great pictures of the procession yesterday. "the new york post" has a great picture. you see young blanket, the youngest of the thr

once again, bernard madoff on his way here to north carolina. reporting, cnbc. >> all right, joe, thanks very much. joe joining us live. it's a busy day for earnings tomorrow as we've been telling you. take a look at that. next after this short break. then some of the other stories that may move the markets tomorrow and the openg bel sound. ing erything... tdd#: 1-80345-2550 including who i trt to look after my money." tdd#: 1-800-345-25 tdd#: 1-800-345-2550 "the dust might settling... tdd#: 1-800-345-2550 that's great, but m not. tdd#: 800-345-2550 tdd#: 1-800-345-2550 guess i'm just done wit doing nothing, you know?" tdd#: 1-0-345-2550 tdd#: 1-800-345-2550 "o i'm not thinking about ving my money. d#: 1-800-345-2550 i amovg it." has the fastest rve in the hisry of professional tennis. so i've come to thisourt to challenge his speed. ...othe inrnet. i'll be using the 3g at&t lappconnect card. he won't so i can book travel plans faster, all the go. m bill kurtis and i'm fasterhan andy roddick. "and get t at&t laptopconnec.

this is "the scam of the century: bernie madoff's crime and punishment." >> bernard madoff will die in prison, sentenced to a term of 150 years. in court, bernie madoff apologized to his victims and acknowledged his words would provide them little comfort. over the next hour, we will unravel madoff's stunning web of deceit and take you inside a heart of darkness. madoff, a man capable of stealing from his friends, his community, his charities, and so many more. it's a close-up look at the $65 billion fraud that will forever be known as the scam of the century. "bernie madoff: crime and punishment." convicted of creating the largest fraud in history, bernard madoff will spend the

bernard madoff behind bars. in north carolina prison, he met on tuesday with two california attorneys representing some of madoff's victims. joseph cotchett and nancy fineman who join us this morning. good morning to you both. >> good morning, maggie. >> help us paint a picture of bernard madoff's new life at buttner federal prison. what was he wearing and how did he look to you? >> the first thing you notice is he's not wearing a brooks brothers suit. he's wearing tan prison gar about and a pair of tennis shoes he had to buy. it's not the usual wall street outfit you would imagine him to be in. >> how did he look to you physically? >> he looked gaunt. his hair is short. look, it's a prison. he's suffering the immediate throes of being thrust into this. it's a new world to him. it's not pleasant, as it shouldn't be. the man is distraught. >> did you get that impression, too, nancy? this is somebody who is depressed and sulking over his new reality? >> yeah. i think it hasn't quite hit him completely. he's having

attached with recovering aspects of victims of bernard madoff announced he will sue mrs. madoff. court documents claim ruth madoff has been living a, quote, life of splen door. >>> a stock to watch later this morning, visa. after the closing bell, they reported better than expected quarterly earnings but shares fell 1% in after-hours trading. >>> and in southern england, if you're in the market for a $2 million home, you're in luck. as part of a new trend called extreme home selling, one man is so desperate to unload his place he's offering a cash reward of $100,000 and a new combination speed boat car. interesting. >>> baseball trades, walk-off winners, and the yankees keep marching on. >>> plus, michael phelps proves an age-old fashion cliche. it's not what you wear. it's how you wear it. your early morning sports headlines are straight ahead. >>> a record-setting heat wave in the northwest is coming to an end. where is that heat headed? i'll tell you. you're regional forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "earl

deliver a major foreign policy speech on free trade. >>> there will be no appeal coming from bernard madoff, over his 150-year sentence for fraud. the spokesman for the disgraced finance year did not give a reason for that decision. madoff pled not guilty for being the mastermind. the government is attempting to liquidate madoff assets in order to pay back a portion of the lawsuits. >>> a newer and leaner general motors is a step closer to the assembly line. a judge is ordering him to sell off his assets. the move will enable general motors to relieve bankruptcy protection. they will emerge as a government-owned company. the bankruptcy financing is expected to save some 88,000 jobs. >>> a promising sign that some of the nation's credit problems are easing up. banks are borrowing less money from the bailout fund. there is little more than half of the $300 billion still available. the treasury department wants to keep the money around in case the economy worsens. >>> check in with eyewitness news at 6:00 for all of these stories and more coming up. vic is standing by with a preview. >>> a des

what we have heard is bernard madoff spent 4 1/2 hour with lawyers for victims in the ponzi scheme and madoff told him exactly how the fraud took place. now they plan to use what he learned yesterday to add defendants to a lawsuit. he plans to file it in manhattan this week. madoff was taken two weeks ago to a federal prison in north carolina to serve his 150 year sentence. >>> forget working 9:00 to 5:00, the eight-hour day has been replaced with the ten-hour work day for managers. according to toa survey conduct by nfi chresearers, 77% of senior executive and managers work 41 to 60 hours a week and 52seworked at least 51hours a week. 40% work ten hours a a day and 20% said they work 11 hours or more. time for the money saving tip of the day. hard to find a better for vacation than r vacation than a cruise. and if you are sailing out of of imayou save the price a plane ticket but there ar saoy you are cruising. cruise lines get most of the revenues from the things passengers buy onboard. so watch your spending onon the photos, shore excursions and ksindr of the day. if you want a mass

in the news, convicted scam artist bernard madoff is in a federal prison in atlanta this morning. ccording to a web site posting in the last two hours. madoff's expected to eventually end up at a prison in north carolina. >>> supreme court nominee sonia sotomayor heads back to the hill today. she'll face direct questioning from the senate judiciary committee. the 19 senators get 30 minutes of questions each. >>> and here's some video just in to our information center. the last day of the running of the bulls today. four people were hurt, none seriously as the festival draws to a close. one person has been killed. >>> here's howard. >> andrea, beautiful again today. humidity stays low. we'll number the low 70s by 9:00. 80ish or so around noon. topping off around 85 with plenty of sunshine. it's 6:54. in the 1930s, farmers planted nutrient-rich soybeans... to replenish the barren soil of the american dust bowl. today, we take that same historic bean, mix it with fruit and bake it... into soyjoy. >>> you might be able to hear underneath all that screaming the jonas brothers. they perf

bernard madoff moved into his latest and most likely final home yesterday. cameras caught him arriving at the medium security prison in north carolina, where he's set to serve 150 years behind bars. madoff, who is 71, will share a cell and toilet. his prison duties will include painting and groundskeeping work. michelle? >> claire, thank you. >>> the website, tmz, reports that the los angeles police department is treating michael jackson's death as a homicides. they're focusing on his doctor, conrad murray. tmz quotes what it says are multiple law enforcement sources. they say evidence points to anesthesia as the likely cause of his death. vials were found in his home after his death. approximate. >>> seven suspects are charged in the death of a florida couple. police say the suspects were in and out of burt and melanie billings' home within ten minutes. police are searching for one more suspect. >> reporter: with the dead couple's daughter at his side, the escambia county sheriff promised justice for the billings family. >> i asked you if there was anything

convicted of creating the largest fraud in history, bernard madoff will spen

ponzi schemer bernard madoff is about to find out what that is all about.having arrived at his new residence in north carolina. cbs news correspondent priya david has the story. >> reporter: the convicted swindler arrived yesterday at what will most likely be his final home, the butner federal prison complex outside raleigh, north carolina. a medium security facility, which includes a medical center. it's 475 miles from new york, madoff's home town. >> medium security federal prisons are dangerous places. one state down from u.s. penitentiaries. >> reporter: every morning the former billionaire will wake up at 6:00 a.m. and work from 7:30 until 5:00 as a groundskeeper, food service worker earning between four and 70 cents an hour. and lights out at 11:00. >> there is a reason they call it prison. i don't believe anyone would imagine here's a guy living a country club life. >> reporter: at butner, madoff will be in the company of other well-known criminals, included this convicted terrorist and a boss of the car mine crime family and jonathan pollard, americ

. >> suzanne: bernard madoff's wife may soon find herself in court. ruth madoff is being sued for $45 million by the trustee seeking to recover her husband's assets. mrs. madoff isn't accused of knowing about her husband's fraud, but the lawsuit says she lived a life of splendor using money that belonged to her husband's customers. ruth madoff's attorney says today's action is quote, "wrong as a matter of law and fairness." >> paul: it looks like more investors are gaining confidence in the market. $11 billion flowed into mutual funds last week, that's the biggest weekly investment since early june. the investment company institute tracks the numbers. it says much of that money went into stock funds as investors responded to a string of strong earnings reports. >> suzanne: here's a look at what's happening tomorrow. we'll see weekly jobless claims and a host of quarterly results. exxon mobil, kellogg, motorola and walt disney are among the companies scheduled to report. >> suzanne: many u.s. car dealers are crushed with customers, thanks to the govern

. >>> and bernard madoff may want to check his back. the report shows that inmates are talking about beating him up just to boost their jail house reputation. meanwhile, others say they don't have a problem with him, saying he handled himself well since arriving at the north carolina prison. >>> and bidding opens tomorrow on a d.c. landmark. the developers who bought the hotel went into foreclosure, now it is on the auction block. the winning bidder will have to put down a million. the hotel was closed since 2004. >>> and tonight the heat is on south carolina governor mark sanford once again. new calls for a new investigation. wait until you hear how much taxpayer money he spent on airline tickets. >>> plus, the news edge investigation, debt collectors using illegal means to get your cash. what you can do to protect yourself. but firt here is a quick check of the rundown. the news edge at 11:00 will be right back.  there are moments in time when the paths we take do determine our future. today we are communicating wit

. >> susie: bernard madoffs spending the first night of e rest of his fe at butner federal ison near raleigh, north carolina. inmate number 61727-4 checked in this morning to starterving a 150-year sentence. othewell-known prisoners there incle adelphia communications founder john rig and his son, tithy. madoff pleaded guilty in mch to running a ponzicheme that wid out thousands of investors. >> jeff: developed cntries are excted to lose nearly 30 million jobs by the timehe global receson is over. that prediction ca today from the organizaon for economic cooperation and delopment. it's aroup of 30 countries working together to fight poverty. many experts think t global economy willecover next year, despe high unemployment. >> sus: here's a look at what's happening tomorrow: the june repor for consumer pricesnd industrial production are reased, as well as the weekly rort on crude oil and gasoline inventories. also, quartey results from american airlines pant, a.m.r. tonight's coentator has a few thoughts on what he calls he washington way he's allan sloan, nior editor at large at "for

. >>> the man in charge of recovering money for the victims of bernard madoff's ponzi scheme is now going after madoff's wife. the trustee has filed a lawsuit against ruth madoff. he says the money was spent on a life of splendor. her lawyer says she has forfeited nearly all of the assets mentioned in the lawsuit. >>> new york city is offering the homeless a free ride. the city is paying for one-way flights out of town, to anywhere in the world, in hopes of cutting down the number of people living in streets and shelters. city officials dismiss criticism they are just shifting the homeless. >> they identify outside new york city, resources they have. they will either be going to their own apartment. going to live with a family. or going to live with a friend. they are going to a home. >> the mayor says a one-way ticket is a lot cheaper than what it would cost the city to provide an apartment. >>> health experts are sounding the alarm on the dangers of tanning beds. researchers for the world health organization, says damage from the ultraviolet radiation, moves the beds into the top cancer

. >>> bernard madoff has been moved to a new prison. he arrived at a new prison in north carolina. he had been jailed at a facility in new york city where his family was living. no word on the reason for the move. he was sentenced to 150 years in prison after he admitted to bilking investors out of billions of dollars. >>> new reaction today on the cia scandal involving former vice president dick chainer. today cheney's daughter, liz liz, said she doesn't believe her father did anything wrong. she accuses democrats of politicizing efforts to stop terrorism. cheney told the cia to keep a government program to kill al qaeda members secret from congress, the former u.s. attorney general talked about it on "the early show" today. >> my experience in dealing with the last administration was that we tried to work as hard as we could with congress in making sure they understood what was going on within the executive branch, subject to the need to protect the national security of our country. >> leading democrats in congress are pressing for more access to classified information. >>> wheth

thank you. >>> lawyers are hoping that a jailhouse interview with bernard madoff will mean more money can be returned to his victims. attorneys representing some of the victims actually talked to him, the disgraceded financier, for four hours yesterday. madoff revealed details about how he pulled off the ponzi scheme for so many years without getting caught. >> it was very surprising how candid and open it was, but on the other hand, if you're doing yo 150 years in a federal prison, you don't have a lot of options other than to be candid and open. >> they're filing a lawsuit on behalf of the victims and hopes yesterday's interview will allow him to name more defendants. that can mean maybe more money could be returned to people. >>> it's a message less than 140 characters long. is it worth $50,000? landlords of this building -- of a building say a woman's tweet destroyed their reputation. >>> you're itching for "prime news." coming up in just few minutes. let's go to mike for a preview. the first story, we talked a little bit about it. >> it's horrific. and by the way, we love hearing

. >> why some say bernard madoff's prison is too posh. >> and mending a prone heart. a medical miracle involving a innovative operation and something very unexpected. it's wednesday, july 15th. >> announcer: from abc news, this is "world news now." >> it's wednesday already. >> casual wednesday. >> yeah, i decided to go jacketless. >> all those ladies out there are going to be excited to see your forearm. >> show us more skin or cover up, please. i'm jeremy hubbard. >> i'm vinita nair. the nation's aging airline fleet is likely to come under scrutiny. >> in the middle of a flight, a mysterious hole appeared in the plane's fuselage forcing an emergency landing. here's steven portnoy. >> reporter: later today investigators here in washington will get their hands on the plane's black boxes and the section of fuselage which cracked open at 30,000 feet. southwest airlines inspected all 181 of its boeing 737-300 series jets after a foot-long hole suddenly opened up on this jet. the hole seen here in cell phone video shot by a passenger and shown on youtube. >> these people

bernard madoff will not be appealing against last week's 150-year sentence for the biggest individual fraud in u.s. history. our north american business correspondent has been speaking to the disgraced finance year's lawyer. he asked him to describe his client's current state of mind. >> i think he has accepted his fate. he is deeply sorry and regrets what he did. he said that on two occasions. once when he pleaded guilty and another at sentencing. he is ashamed. he understands the consequences of his acts. >> he is a universally vilified person. how does he handle that? >> i want to get into how he handles it emotionally or mentally. suffice it to say he has said on several occasions that he gives his deepest apologies and regrets. he got into a situation he could not get out of. >> if he genuinely sorry or just sorry he got caught? >> you have to understand that he confessed. >> but he confessed because he knew it was going to come to light. >> some people to get on an airplane and skip off to a country that does not have extradition treaties with the u.s. he chose not to do that. h

. >>> admitted ponzi schemer bernard madoff is getting used to his new home this morning.off has been moved from the manhattan jail cell to the butler medium security prison in south carolina. he will be evaluated at the prison's medical center. >>> in addition to swro deucing his surgeon general nominee yesterday, president obama was also talking about the economy. >> he was in mid-thought when it all went wrong technically. check it out. >> that's one reason why we took swift and aggressive action, in the first months of my administration, to pull our economy -- oh, goodness. sto sorry about that, guys. to pull our economy back from the brink. >> reporter: the crash was one of the president's teleprompter screens falling to the floor. after the brief pause, he kept going off the second screen and a written speech. >>> they. >> gary: going high and far and mostly out of the park last night, in baseball's home run derby. night, in baseball's home run derby. we'll have a new champion, next. where getting a new vehicle is easy. because the price on the tag is the price you p

. >> bernard madoff decides not to appeal 150 year prison term. he received his harsh sentence after pleading guilty to fraud charges. connected to the largest poncey scheme in history. the federal government seized his homes, yachts and other assets to try and reimburse investors. >> well, the dictionary got thicker today. merriam webster added 100 words to the collegiate dictionary. new entries are intended to keep up with the internet age and trends in food, music and environment. on this year's list, sock puppet. it is not what you think. it is a false online identity used for deception. maybe you did know if you were up with the times. and locke vore, someone that goes out of their way to eat locally grown foods. >> i didn't know. >> sock puppet i thought they sold that. >> arts and crafts store. >> eyes and buttons. yeah. >> how long can we keep the great weather? >> chief meteorologist vytas reid is back with the forecast. >> i have to work on the voice. looks like we are going to see nice conditions kicking into the weekend. we saw a beaut

. >>> bernard madoff is giving his first interview since going to prison for running a massive ponzi scheme. a lawyer told some victims he couldn't believe he got away with it for so long. >>> well, the king of pop could soon top the best-seller list for books. michael jackson's memoir, "moonwalker" will be reissued in october, with a new introduction by a mystery friend. the book was published in 1988. it's been out of print now for more than a decade. >>> you can get the latest business news anytime at our website. the address is abcnews.com. >>> and when we come back, an apartment in massachusetts is the scene of a horrific crime. details ahead. >>> and an unaccustomed finish for michael phelps. the suit versus >>> welcome back. these are the latest headlines from abc news. a new study finds pregnant women face a greater risk of dieing from the h1n1 swine flu, particularly in the late stages of pregnancy. >>> judge sonia sotomayor is one step closer to the supreme court. only one republican joined democrats as the judiciary committee sent her nomination to the full senate. >>> and

. >>> bernard madoff is giving his first interview since going to prison for running a massive ponzicheme. a lawyer told some victims he couldn't believe he got away with it for so long. >>> well, the king of pop could soon top the best-seller list for books. michael jackson's memoir, "moonwalker" will be reissued in october, with a new introduction by a mystery friend. the book was published in 1988. it's been out of print now for more than a decade. >>> you can get the latest business news anytime at our website. the address is abcnews.com. >>> and when we come back, an apartment in massachusetts is the scene of a horrific crime. details ahead. >>> and an unaccustomed finish for michael phelps. the suit versus speed debate, heating up. it's july 14th and i'm donna with a look at the past 24 hours on royal caribbean's liberty of the seas. chris and his dad vic "took in the sights, at 400 feet abve sea level. olive mae lewis checked one off her bucket list. water bike gangs roamed the high seas. and finally, carissa marasco did nothing at all. that's the news. i'm donna, cruising "wi

the alternative will be specially designed, reusable bottles which are found -- bernard madoff has decided not to appeal against his 150 years sentence according to his lawyer. the 71-year-old was sentenced at the end of june. he pleaded guilty in march to 11 counts related to billions of dollars in investment fraud. south korea is suffering a second day of a suspected sniper attacks, paralyzing several major web sites. -- cyber attacks. some reports suggest north korean involvement. police in iran have broken up demonstrations in the capital and major provincial cities. it has been the biggest in 11 days, defying government warnings that street protests would be crushed. eyewitnesses report police firing tear gas. iraq has seen its worst day of violence since american forces completed their withdrawal from urban areas just over one week ago. two suicide attacks in the north claimed at least 34 lives. in baghdad, two bombs went off in the market, killing nine. we have this report from baghdad. >> a double suicide bombing in northern iraq. the two blasts came within moments of one another.

. >>> the swindler bernard madoff was sent to a prison where he is expected to serve 150-year sentence. he's been in a new york jail since sentencing. sent to the buckner medium security prison in north carolina. madoff told people close to him that he views prison as a new adventure. residents near the indiana state missen are being warned to stay inside and lock their doors tonight. two of three dangerous criminals who managed to escape from the maximum security prison remain at large. how doou escape from a maximum security prison? here's barbara pin toecht >> reporter: in this lakefront resort community, on this perfect summer day, the beaches are barren. the golf course and tennis courts too fear is on the loose, along with two pson inmates. >> we're looking the doors, putting on the alarms. >> reporter: police are going door to door. >> would you like us to check it? >> reporter: after two convicted killers and a rapist broke out of this indiana prison eight miles away. in a scene that sounds more hollywood than real life, the inmates crawled through utity tunnels and slithered t

. >>> disgraced financer bernard madoff has been moved out of a new york prison and is heading for a north carolina facility, where he'll be serving his 150-year sentence for bilking thousands of investors out of millions of dollars in a massive ponzi scheme. >>> four people hurt on the eighth day of spain's running of the bulls. this wraps up the festival which had its first death in nearly 250 years. two people remain in intensive care. >>> now here's an early look at how far wall street will kick off the day. the dow opens at 8331 after rising 185 points on monday. the s&p jumped 21 and the nasdaq added 37 points. taking a look at overseas trading, in tokyo, the nikkei gained 211 points. the hang seng soared 631 points. >>> it was the financial sector that took center stage on wall street monday with a rally reflecting a positiv outlook for one of the nation's biggest banks. for memory on that and all your early business headlines, we're joined by steve sedgwick from cnbc's london headquarters. >> good morning. very good rally. the dow jones was up 185 points. it has to be said in

>>>ononcted swindlerr bernard madoff will spend thee rest of his life inn il. hehe ss s senncncedo 150eaears n prison b bjujudgdennyyhehe who called his crimes "e"extorordirily evil." madoff defrfraudd thousandsdsff pepeop i i aassive ponzi schemee which totaled$65 bbilon, including fafake profits. itit i expected thaha at leleasn more peopop c cou be charged i coection with thatcase. >>> it'sbeen a busy dd important weekek. to sales were ouou the markets entered a new quarter. thth jobs repepor came outnn thursday. here to help us u uererstd it,t david wters is the ceoeo wintergreen advisors. david, thanks f for joining .. g gre to be rere >> 9.9. e unemployment ra.. how w chch higher do uu tnknk i goes and h h the market already anticipated that? >> i think uortunately it continues s torereepporor a while befeforthth economy cacahs its wiwind andnd u know, iss ununrtrtune for so manypeople. >> do youhihinkhat interest rates will have to g highehe from rere what wilil t fefed' response be to all ofthis, do you t tnk? i i think rates probablyy stay w for quiteo

. >>> the man in charge of recovering money for the victims of bernard madoff's ponzi scheme filed a lawsuit against madoff's wife. ruth madoff is being sued for $45 million that he said was spent on a life of splendor. her lawyer said she nearly forfeited all the assets described in the lawsuit. >>> a new report says going green could pay off. the study found a $520 billion investment in things like replacing old appliances could lead in savings in energy bills through 2020 and could cut the nation's energy use by 23% in a decade. >>> good news if you're planning on booking a flight. average airfare for domestic tickets fell more than 90% in the three months of this year. a record drop. that only includes the price paid at the time the ticket was bought and doesn't account for extra fees like baggage. >>> coming up on "good morning america" -- the controversial plan to deal with the homeless. is it fair for a city to pay to make the problem go away? that's on gma and that is your "moneyscope report." i'm vinita nair. >>> good morning. 6:24. just in case you're keeping tabs along wit

. >> couric: bernard madoff moved into his latest and most likely final home today. cameras caught him arriving at the medium security north carolina prison where he's set to serve 150 years behind bars. madoff, who's 71, will share a cell and toilet and his prison dutys will include painting and grounds keeping work. now turning to the economy and an extraordinary rebound from a meltdown. goldman sachs tops tonight's cbsmoneywatch.com update. goldman rescued last year by a $10 billion taxpayer bailout, is back in the black. it recorded a second-quarter profit today of more than $3 billion. and it's paid back the loan. still waiting for a rebound is the job market. the president said today we'll have to wait a while longer. >> we will probably continue to see unemployment tick up for several months. >> couric: mr. obama once predicted it would top out at 8%. it's now 9.5%. and what looks like a glimmer of hope for the economy may be a mirage. retail sales rose in june, but it wasn't so much that we were buying more, we were paying more as gas prices spiked. and if yo

. >>> disgraced financeer bernard madoff will not appeal. he was sentenced last week. he pleaded guilty to charges he bill beinged thousands of investors out of billions of dollars in life savings. >>> house speaker nancy pelosi says it is still her goal to pass a healthcare reform bill before congress takes its august break. right now, house democrats are trying to work out details behind closed doors. but the speaker says one thing is certain... >> we will not be taxing benefits, healthcare benefits in any legislation that comes from >>e house. b@ house democrats are still trying to finalize a proposal and unveil it on friday. >>> the white house says the h1n1 flu is all but certain to make a comeback this fall. so they are planning a preemp active strike. the administration outlined its plans at a summit held at the national institutes of health today. they are talking about giving h1n1 vaccine to kids and other high risk groups starting mid-october. state and local leaders at the summit covered a lot of ground and said they liked what they heard. here's maryland go

. >>> and bernard madoff has given his first interview since going to jail for running a massive ponzi scheme. an attorney representing a group of madoff's victims said madoff told him there were several times that i met with the s.e.c. and thought, they got me. according to the attorney, madoff seemed to care about the welfare of his wife, but said the lawyer -- said the lawyer. he doesn't give a blank about his sons who have not talked with madoff since his arrest. >>> still ahead on "world news," the worst drought in america. a disaster in one state could soon cost you no matter where you live. >>> michael phelps dealt a stunning defeat. was he done in by a stronger swimmer or a slicker suit? >>> and, hollywood history. going, going, gone. thousands of pieces of movie magic hit the auction block. it can be tough living with copd... but i try not to let it slow me down. i go down to the pool for a swim... get out and dance... even play a little hide-n-seek. i'm breathing better... with spiriva. announcer: spiriva is the only once-daily inhaled maintenance treatment for both forms of

. >>> bernard madoff, wearing hand cups instead of cuff links, arrived today at the place he will now call home. madoff, who was sentenced to 150 years for running a giant ponzi scheme, will serve his time in north carolina at the butner correction alpha silty. what will life be like for the former high-flying financr? here's brian ross. >> reporter: a federal bureau of prisons bus brought madoff to his new home in north carolina today after a 34 hour trip fm new york. 71-year-old convicted con man who once traveled by private jet and wore suits hand tailored in london, was seen in a blue prison jumpsuit as he walked into the butner facility, considered one of the crown jewels of the federal prison system. >> he hit the inmate lottery. as far as being december ig nated to the best place that h could possibly hope for. >> reporter: his 150-year sentence meant he could have been sent to a maximum security facility. but butner prison is a medium security facility and has the look and feel of a college campus. inmates start the day at 6:00 in the morning and are required to work 7 1/2 hou

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