olga breese in for howard bernstein. nice start to the morning, but changes are in the wind. >> changes are in the winds, but at least we have today ask most of thunderstorm is going to be pretty pleasant -- of tomorrow is going to be pretty pleasant. right now though, things are looking pretty goods. we have a forecast that features lots of sunshine through midday and late day. get a little bit of a breeze now. the northwest winds still with high pressure ruling is keeping our humidity values low. so the drier air makes it much more comfortable. as we push out of the 60s by mid-morning, we'll hit some lower 80s by noontime. and that means you need to have your sunglasses around for the remainder of day. then later on this afternoon, national airport should top out around 87 degrees. we'll be slightly cooler in a few of the suburbs but still a very nice day even at the evening. satellite and radar has been very, very quiet. we expect it to stay that way. in fact, you can see the clouds moving around that high pressure sy

howard bernstein is in florida. we'll talk to him in a little while.y hong is here with some pretty severe weather could be moving through our area. >> i think we'll see it later this afternoon and early this evening. people are asking me on facebook, well, where is the threat limited to? it is really the entire d.c. metro area. better chances will be for the mason-dixon line to start out. by tonight, you'll see pretty much where you are. here's a look at your day planner for this friday. this morning, i'm not too concerned about the storms. mostly cloudy. maybe a scattered shower or two out there. by 1:00, 2:00, we'll see some scattered activity and then 4:00, some showers and thunderstorms really popping up more so and then by 8:00, fairly widespread. temperaturewise, because the clouds only in the mid-80s by later this afternoon. right now, things are quiet. we did see some showers go through and storms yesterday. some were severe. look out to the west. yep, this big mess coming this way. later today. it is going to be very unstable in some location

friday morning, howard bernstein is off today.ut olga breese is here and she has the forecast. >> just breezed in to give you a good forecast at least for the holiday weekend. we're going to keep it very, very warm. temperatures this morning, quite nice. most of us are sitting in the upper 60s just close to 70 degrees, but you notice humidity values are quite reasonable. the day planner on the cool side to start out. little bit refreshing, get the breeze stepping out the door this morning and getting on your way. but in no time we will heat up. that's keeping cooler drier air in place although we have the sunshine to heat us up later on this afternoon. moving into the 80s by lunchtime. noon, feature winds turning slightly but still mainly out of the north and northwest. but by the afternoon definitely a warmup on the way. the daytime heats kicks in and the middle range and push the upper 80s by the 6:00 hour and then back it down a little bit later on this evening. should be a great way to wrap up the week, a very hot day today. b

joining me now is jerrold bernstein, the former chief economist to vice president biden. he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compromise offered by the democrats. it would offer a dollar for dollar spending cuts to the amount of debt ceiling increase, $2.7 trillion. walk us through that, and what is your assessment of the policy in that proposal? >> the reid plan as you correctly pointed out reduces the deficit over ten years by $2.7 trillion. it's up there in the same ballpark as the other plan getting a lot of play today, the boehner plan. that's $3 trillion. $1 trillion of the reid plan comes from reduced expenditures on the war. that's somewhat controversial because some of those savings are expected to happen anyway. on the other hand republicans have consistently claimed that trillion as savings for example in the ryan budget. it cuts $1.2

>> i think carl bernstein is right. ain his minimum optimism, it is up to the public to change, and i don't know if they have the appetite to change. i think there is a revulsion that i have not seen for 14 years against the tabloids, but the worst excesses of the tabloids have been someone new. no politician can provide a fig leaf of respectability to allow it to continue. no mainstream high level petition can be suffering with the murdochs again. >> the great element is what outcry against bublic rupert murdoch, but still love his products. is newspapers are some of the most successful in this country, but somehow the public somehow feels they do not like people wielding political influence when they do not have the votes. >> when they have not been elected. >> you referred to the relationship between father and son. is this the breakup of the great empire, that the dynasty will not be handed on and quite the way they thought? >> it is hard to know. rupert did not say much, but every word that he said mattered. james

jared bernstein and ron christie.ke that deal on a napkin for $4.7 trillion, buddy. >>> the wealth gap in this country is the wide nest in a quarter century. but a new report shows when it comes to having more money, it sure helps to be white. >>> and one of fox's news anchors thinks we should stop paying grandma her social security checks so we can go to war. every day, all around the world, energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources within self contained well systems and using state of the art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment we are america's natural gas. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyo

jared bernstein and ron christie.ke that deal on a napkin for $4.7 trillion, buddy. >>> the wealth gap in this country is the widest in a quarter century. but a new report shows when it comes to having more money, it sure helps to be white. >>> and one of fox's news anchors thinks we should stop paying grandma her social security checks so we can go to war. mine was earned over the south pacific in 1943. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. >>> welcome back to "the ed show." you know, from time to time on this program, i talk about the income disparity and also the concentration of wealth in this country. well, here's another side effect of a lousy economy. the financial gains made by minority communit

joining me now is jerrold bernstein, the former chief economist to vice president biden.he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compromise offered by the democrats. it would offer a dollar for dollar spending cuts to the amount of debt ceiling increase, $2.7 trillion. walk us through that, and what is your assessment of the policy in that proposal? >> the reid plan as you correctly pointed out reduces the deficit over ten years by it $2.7 trillion. it's up there in the same ballpark as the other plan getting a lot of play today, the boehner plan. that's $3 trillion. $1 trillion of the reid plan comes from reduced expenditures on the war. that's somewhat controversial because some of those savings are expected to happen anyway. on the other hand republicans have consistently claimed that trillion as savings for example in the ryan budget. it cuts $1

howard bernstein starts us

i'm jared bernstein. >> tom: jared won't have the last word on the debt debate. in the coming days and weeks, we'll continue to bring you thoughts and views from all sides. >> susie: and finally, hold on to your cell phones if you plan to visit miami, new york or los angeles. according to a recent study by mobile security company lookout, those are the three top cities for cell phone loss or theft. the remainder of the list spans coast to coast. it includes phoenix, sacramento, chicago, dallas, houston, philadelphia and tampa. and tom, pools, taxis and airplanes are the top three worst places to lose your cellphone. cell phone and that's why i always have mine right next to me so i don't lose it can't live without it. >> tom: top of my list, toddlers, a tough place to lose a cell phone too. >> susie: that's nightly business report for monday, july 18th. i'm susie gharib. have a great evening, everyone. you too, tom. >> tom: you as well, susie. good night, thanks for joining us this evening. be right back here tomorrow. "nightly business report" is made possible b

. >> there's no evidence woodward and bernstein hacked, right? am i right on that? >> they did try to break into the -- >> talking about the [everyone talking at once] >> they did try to penetrate the grand jury. >> what is that? >> bernstein and woodward tried to pen detroit the grand jury and williams got him off. >> talk action about the hacking? >> no, talking about getting to the grand jurors. >> that's more -- unlawful? >> it's equally. >> however many years later now turning the blame on woodward and burnstein. >> i'm sayings they're really after the destruction of rupert murdoch now. and by a lot of people who really don't care. >> you know, there is -- [everyone talking at once] >> hold on! >> what did you say. >> the people who don't like rupert murdoch don't like hacking into private phones, from a media baron anymore than from the -- >> that's not -- >> also the horror of a murder of a 13-year-old young girl. >> right. >> and the family was trying to reach her by her cell did hack into the phone, she was already dead but they eliminated some of the telep

anny hong is in for howard bernstein. good morning. happy pre-friday. a short work week for a lot of folks. it is pre-friday around here and grab your umbrellas before you head out to work today. because we have storm chances this afternoon and early evening. here is a look at your day planner on this thursday. temperatures around 74. about 9:00, temperatures in the lower 80s. noon, upper 80s. 5:00, low 90s and a chance for storms in the afternoon and evening hours. the air quality forecast for today is moderate so no major problems there. right now, temperatures in springfield, 72 degrees. reston, 70. rockville, good morning to you at 72 degrees. here's a look at live doppler 9000 hd, around the beltway, no precip but look out toward just south of 66, warrenton toward fredericksburg, we've got the mist and areas of patchy fog. here is your forecast for today, lower 90s, hot. chance of scattered showers and thunderstorms today. by friday, more showers and thunderstorms but not as hot. temperatures in the mid-80s. here's angie with your traffic. >> good

. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think that's a much better approach, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. >> that was the president addressing the nation from the east room earlier this evening. joining me now is jerrold bernstein, the former chief economist to vice president biden. he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compromise offered by the democrats. it would offer a dollar for dollar spending cuts to the amount of debt

suppose woodward or bernstein. paid deep throat for the information which led to the watergate exposure do you think that means that katharine graham should go to jail well it's not that there's not a foreign corrupt practices act but there does raise questions and in fact it's become too common you know. media paying for stories ok cupid to be so this is what i want to get you and i want to go to dave right now again you know these kind of practices are endemic in media in the english speaking world the western world ok so again you know why is this kind of moral outrage out there because you could make the claim and i'm not making it big murdoch is being turned into a scapegoat for what everybody else does including his organisation. well i would i would say the singling out news corp and singling out murdoch in particular is shortsighted. yeah i'm not going to speak to you know how many other news organizations and gauge an outright bribery and what kevin described. as a matter of law under the former foreign co

. >> i'm meteorologist olga breese in for howard bernstein this morning. temperatures on the moist side and the atmosphere is muggy. we're starting with high humidity this morning and our day planner is going to keep it very, very warm. already starting out in the 70s. we're headed for the low to mid- 80s by noontime. we'll soar into the lower 90s by later on this afternoon. let's take a check of the morning drive. >> thank you so much, olga. we'll take a fly of route 50 westbound coming in from the bay bridge right into annapolis, bowie, prince george's county, all the way to the beltway. your lanes are open. in nigh next report, we'll wrap up construction in the area. back to you. >>> coming up on 4:41, time for the first "your money" report of the morning. >> jessica doyle is here with a look at wall street. first, a hiccup for travel plans. >> of course, in the past, we've talked about how expensive flying to europe is because you have the fuel surcharges in place. it could get even more expensive. the european union plans to impose carbon emission cap

he is jarod bernstein former chief economist for vice president biden. with the senior for budget and policy priorities. the president tonight? >> i expect the president to remind the american public of the stakes in this debate, of the extend to which he, more than really anyone else at the table, has bent over backwards to get a deal to avoid default, going deep into discomfort zone even for many democrats. then i expect him to contrast the two plans that are on the table right now. one offered by senator harry reid and the other by republican leader boehner. very different plans. the most important contrast the president will speak to tonight, is the fact that the boehner plan does not get this debt ceiling increased through 2012. it only has a short term increase that would leave us having the same exact debate a few months from now. and reverend if you want to have that debate again, a few months from now, you are a different person than i thought you were. >> here is the point. one, the republicans claim they didn't want a short term solution. >> t

our specialist today, jared bernstein.d at the white house as the vice president's former economic adviser. now a contributor here at msnbc. the rest of the panel is here. jared also happens to be an old agantens of mine from the cnbc days. nice to see you again, jared. >> good to see you, dylan. >> why are we not seeing actual debate about job creation and is it because the politicians either are not aware of this problem or are they simply deciding to not engage this problem? >> much more the latter than the former. basically, you collar anybody in this town or in that building behind me and ask them, what's the major problem facing america, and they will repeat, talking pointing about talking point about deficits and debt. despite the fact if you step over the beltedway and ask people what they care about and the polls are very clear on this, they'll tell you, of course, it's jobs. it's the economy. it's income. and you know, back a few months ago i thought the president and the white house was trying pretty hard to wal

howard bernstein is on the weather terrace with our forecast. >> good morning.t is a very comfortable morning out here. low 70s in northwest. sunshine is out a couple of clouds. it will be another good day. like yesterday we had all of the clouds. unlike yesterday, we'll have sunshine, a lot more today and temperatures again near that 90 degree mark. the day planner is calling for the sunshine. by noon, weather graphics, we'll get temperatures up toward the middle 80s with 90 degrees with a chance of that thunderstorm unhealthy for sensitive air. the air quality, it is code orange. sun setting at 8:37. showers last night, a couple of storms especially south down toward richmond, the northern neck got hit much harder than around here. few showers overnight which have left through fog. i'll be back in a few. we'll talk seven-day forecast. right now, 6:31. monika has your timesaver traffic. >> we're starting off with the yellow light because we did have an accident on the beltway. we'll take a live look from sky 9 on the outer loop of the beltway at route 236. it h

. >> bernstein?have damaged the gateway to the city with corruption, incompetence, lack of supervision and oversight, leadership, irresponsibility ai. most of the park is pitch dark. there is crime and vandalism, homelessness, recommended outreaches missing, with money -- with no money for this. no. 2, the benches are black, but should be green. number three, the ultimate insult, violating the jurisdiction of ordnance. the community calls it weird. this is not a part, this is a junkyard. enough of your devious antics, and the priority overseeing swans. the result is a disgusting display of dishonesty. you're conscious -- >> nancy? >> good afternoon. this is a hard act to follow. i will try to follow. i came here to discuss the change in the lease of the san francisco yacht club. i think you should consider the introduction of rent credit, as oppressive for dismantling the fund's resources. this will take public funding, to allow the private entity to spend money without public -- without public revie

joining me now, jared bernstein, former chief economist to vice president biden, senior fellow at budget and policy and msnbc contributor sally cohen, found e of the movement vision lab. welcome to you both. >> thank you. >> thank you. >> okay. jared, does it scare you at all? i mean, there's a certain way of understanding this, which is this is political theater. they always do this and lawrence has been on this show and played clips from the left wing, this has been going on forever. there's one way of viewing political theater and others that there's actually something new here. that there's a difference in kind in the kind of resistance we're seeing the republicans, that's actually quite scary. which of those two scenarios do you think it is? >> i think it's both. i think it's very scary political theater. the thing about it is, when you call it political theater, it sounds costless. everyone's in their corner trying to get the leverage they think they need to get the best deal. it is not costless by any stretch of the imagination, because every time the bond market begins to get wor

joining me now is jerry bernstein, former chief economist for vice president biden. how are you? >> i'm good, reverend. good to be with you. >> the numbers are out, i think it is the most, in my opinion, the most weird attempt i've seen in a while. where the republicans start acting as though this validates their point, like we haven't been operating on the republican play book economically all along. they've got the tax cuts extended. they are the ones talking about spending cuts. unemployment keeps going up. and they're saying, see, it's you. but what do they think, we're stupid? >> that's the way i see it. i mean, you've got an economy that's starving and the republicans are offering us a more of a fast. basically saying, completely topsy-turvy economics. that's aggressive spending cuts at a time when we thought yesterday was a fragile economy. today looks down right frail. these jobs numbers, i was trying it find some silver lining in there basically what we are looking for in today's numbers was if the may jobs result, which is already lousy, was just an anomaly. something t

. >>> anny hong is in for howard bernstein. she's up with the forecast next. >> hey, andrea. we've got some light rain and some -- a couple of thunderstorms going through the area. first, here is a look at your allergy report. the pollens are low but the mold still medium. i'll let you know how long the summer-like pattern sticks around. >>> rising waters are complicatingerts to clean up an oil spill in the yellowstone river. federal officials say it took exxon mobil nearly twice as long to seal the pipeline as they publicly reported. teps of gallons of crude oil that seeped into the water way in montana. exxon mobil is promising to do whatever is necessary to clean up the mess. >>> the crowds have come back to ocean city, maryland. "the baltimore sun" reports ocean city tourism officials estimate more than 330,000 people came to the shore over the 4th of july weekend. it is estimated that the crowd grew to more than 354,000 people on independence day. many of the shops that cater to tourists say business was brisk over the weekend. >>> the mascot of a rockville restaurant re

. >>> let's turn to chad bernstein and peter morici, former chief economist, he's now a professor at the university of maryland smith school of business. welcome, gentlemen. jared, let me start with you. you've been in the room. you were at the white house. this is a terrible, terrible report. i know you blogged on that today. don't jobs need to be the overwhelming priority. >> absolutely. i think one of the things i said is i think a lot of americans are probably looking at washington right now saying, glad you guys are really focused on something, but i'm not sure it's the right thing. obviously, we need to have a path to a sustainable, fiscal budget, but right now what looms so large for so many americans in the broad middle class is the jobs deficit. it's paychecks and it's jobs, and so these guys really need to walk and chew gum right now. >> peter, i want to put up, we have got a quote from paul krugman, "the new york times" columnist and nobel prize winner who also blogged this today. the situation he said cries out aggressively expansionary monetary and fiscal policy. instead

all of them he met picasso and should well among his friends were pioneers of surrealism like marx bernstein and you are nearer the poet says he was not going to have not so many talented people who generally give their pictures to him but this is one of the last pictures by george brock he painted in his bed. and will no longer raise from it and he sent this bird over to me. one of the rooms is russian or it one's immediately struck there by so powerful magnetic works which occupy one of the walls of the gallery this outburst of color is school down by the town's innocent fantasy images by a pov of their artist alexander b. bill and this is one of used to send his favorite series game a single portrait of an old man who seems to bear the easter e of rush hour police shoulders it's for the sake of simple people like this though you have to shank a preferred not to people he's treasures to himself he's a museum is a gift to the people who are his major source of inspiration. this isn't a you welcomed richard restrike when it started but why did you prefer not to enjoy the fruits of god which

that is wrong when barack from the congregation, emmanuelle, and sharon bernstein from congregation. >> wonderful. are both of them in the film? >> those two are not in the film, but they are lovely singers and we thought it would be great to have them contribute their voices. >> fantastic. were they from north america? >> a r from all over the united states and i think all over the world. if it comes kind of a little bit of a root story as well. some of them retrace their own family histories and how they were affected by the holocaust. it's a deeply moving film and also sold short in its own way. >> ufo. >> is that also at the castro? >> that will be at the castro closing night or you. >> for folks who would go to the powell also venue, or both of those films also there? >> yes, yes. right? >> yes. >> how many films do you have this year? >> we have 59 films, about 30 guests coming from all over the world. >> so what are some of the other themes that are happening this year? >> do you want to -- >> shirt. we have a large lection of films from poland which include the closing night