our next speaker is going to be adam fingerman, c.e.o. c.e.o. and founder of arc-touch and zach gottlieb will be his capable assistant. >> how do you make it easier and faster for officers in the field to report incident information back to the crime data warehouse? to solve this, arc is going to work closely with the sfpd to design a mobile app that stream lines field reporting. we are going to use the latest technologies, surf as nuns, speech to text deck takeses. we are going to use full touch and swite gestures to minimize key board entry. and we are going to have sbe greated photo, video, image and audio collection. all of this is going to be assembled in one place. so all of the relevant information about an incident is together and sent to the crime data warehouse in real time, allowing officers to spend much more time out on the streets instead of writing reports. arc-touch, being a france based business has many employees who live and work in san francisco, and we are absolutely thrilled to be part of this initiative. we would like to t

c.e.o. ex-- group's c.e.o.e can'ttive director announced it at the national integration conference in baltimore. backers of the act say they have enough support for the referendum to pass. >> the great majority of voters support it. we are very, very excited about this momentum. >> people have a tendency to forget that we collected 132,000 signatures in 60 days. as i've said before, the passion and the anger was what motivated all of that stuff. that hasn't gone away. >> lawmakers in annapolis approved the dream act last year. >>> it is 6:37. jessica doyle has the day off but we are still watching your money this morning. remember free checking? boy, that sure seems like a thing of the past, doesn't it? you are now paying more to access your own money. there's a new survey that shows a lot more fees than anything free these days. we take a look at how you can cut some of the fees you pay. >> reporter: according to an annual look at banking fees by bankrate.com, americans are paying more to use their money. >> w

c.e.o.'s what happens is that there's a c.e.o. responsibility is to make maximum profit for the shareholders and that's not a bad thing if you have a fire for one k. you want the best performing stock but what happens now is that your motivation is to have highest the highest profits which you just talked about you your bonuses and stock options are all based on that and as long as the consumers will buy it anyway no matter where it's made the automatic decision they should make is to make it overseas now when there's nationalism what happens it's a different deal whereby if you start making overseas your sales are going to drop ok and so suddenly saw an easy decision were just shipped overseas make it now it's like well we're losing market share to other company and maybe we ought not to do this in fact actually we can take market share by getting a plant back here and that's what this is consumer demand that drives all. consumer apathy is what created the unemployment problem we have right now consumer you know preference and demanding this stuff not just slight preference organic food you walk in they don't have it you are going to buy it ok then some of the staff to start offering because it will be not a choice of making more margarine not a big no sale versus a sale because you can't sell this guy something different it takes that kind of dedication to move these markets like you have that kind of food wal-mart still target food now was it has lower prices as people come in they were going to buy their stuff at all so if they want to get that person's money for food they have is now offering the things they would actually buy and that's an excellent point however in prior to the reagan eighty's it was a crime to compensate a c.e.o. was stuck and in fact the c.e.o.'s like george romney i mean his interest was not in maximizing value for his shareholders his interest was in building a stable company that produced a good product and that was a good citizen of the community you know when when when there was a community favorite lost totally well it has been and i think i think because of this myth of shareholder value which is a whole nother conversation but if you combine that you know what you just described with the other big change that reagan made which was in eighty two when he stopped in force in the sherman antitrust act and so we had these mergers and acquisition mania you know the michael milken and all this stuff and what happened was thousands hundreds of thousands of small domestic manufacturers became thousands of large multinational companies based in the united states and at that point those multinational companies it seems to me have a whole lot less interest in being american promoting american bu

c.e.o. over a billion dollars the last two c.e.o.'s steven j. hensley dollar bill mcguire each made over a billion dollars a thousand million dollars as c.e.o. united health care why because they're taking all this money out of medicare there's over one hundred people in a health care make over a million dollars a year. both paul ryan and president obama looked at that and said why are we giving hundreds of billions of dollars a year to medicare to then cut deals with hospitals to pay the hospitals when we can simply pay the hospitals ourselves let's negotiate a deal so they cut out they cut out united health care and the negotiated directly with the hospital and that was a seven hundred billion dollars saving and you know that both of them looked at that seriously the same way. you know i don't i mean i'm not defending these guys making so much money you spiritually you're making money off the taxpayer i think in service and liberals agree tonight we should have it was the private sector getting rich becoming millionaires off the public sector and our tax dollars my agree with you but it's a line he really is mind you saying that these repu

c.e.o.'s performance then it should come as no surprise that the board of electronics retailer radioshack gave its c.e.o. the boot today. after just a little more than a year on the job, c.e.o. james gooch is out. he's being replaced on an interim basis by the company's c.f.o. dorvin lively. >> i almost feel like he's a bit of a scapegoat because at the end of the day all he was doing was continuing the strategies of his predecessor and mentor julian day. on the other hand he did make some mistakes himself. >> reporter: one of those mistakes which may have hurt his credibility with wall street, when the company doubled it's quarterly dividend just to suspend it a few months later. since gooch took over the c.e.o. spot, shares of radioshack have taken a big hit, down about 80%. in a statement the company said: "the board decided that the timing was right. moving forward with the decision sooner rather than later will help establish the right leadership to address the company's challenges." but with the crucial holiday shopping season right around the corner analyst chukumba says the departure's timing was surprising. the retailer which was once a favorite of electronics enth

c.e.o.'s and workers so the thirty years ago c.e.o.' made twenty five times more than their average worker and yet today much. and yet today make as much as five hundred times more than their average worker those same policies that result in the top one percent seen their share of national income triple over the last three decades while the bottom ninety percent have seen their share drop by twenty percent years of lobbying and outright bribery have rigged the tax code against working americans. forcing them to pay a higher tax rate than members of the corporate elite like mitt romney and warren buffet not only that those higher taxes paid by working people they don't flow through the coffers of government to be reinvested to help the working class with better schools or social services or infrastructure instead that revenue goes straight to corporate treasuries in the form of bailouts on wall street tax subsidies the oil industries or giveaways to the for profit health insurance cartel for example the wall street bailout financed by ta

c.e.o. plan for jobs and economic growth with 100 c.e.o.'ming to down this week and again we will say, you have to get to wor we will need the russian trade agreement undone when that is just a little step that we be helpful. we cannot get anything moving in this town. that's a question of leadership. >>neil: well watch closely, governor, thank you very much. good to see you. >> two million iphone 5's selling in 24 hours. so if this is such a lousy economic recovery what is that all about? ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strla .. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations. with best in class fuel economy. it's our most innovative altima ever. ♪ ♪ >>neil: if everything could be like it goes for apple they keep growing and shares hitting $700 a pop after hours

c.e.o., a public sector c.e.o. it's obviously a part of the story. from my own comfort level and my own sense of where the american public is people want to know what they are for not just who they are voting against. i think it's very, very important for democrats to make the case of what we're asking people to vote for because it's a compelling case ands a transsenting one. >> woodruff: do you know what the president is going to say tomorrow night? >> i haven't seen the speech but he believes in his heart that we must turn to and not on each other and doing this around the agenda of investing in education and innovation and energy and infrastructure is a winning strategy that enables to restore the middle class and rebuild the american dream. >> ifill: can i ask about something from the speech which caught my ear. you said the president should not be bullied out of office. that say strong term? >> especially for you, right? -- for me, right? >> for you and what is it about bullying? >> it's about being in the midst of an economic meltdown and having minority leader in the senate and one of the most prominent members of the republican party say that the number one agenda of republicans is to make this a one term president. what we must not toll rate and must reject is a behavior in the congress. i would say the same thing, i'm telling if you dems were behaving this way, a behavior that simply says we're going to say no not because we disagree on substance or because we've oppose aid point. view but because we want to embarrass and defeat and diminish this president. to have that be an idea anybody would reward especially at a time of crisis is what i think part of this election is about. >> ifill: you seem pretty exercised about it. >> sorry, i feel really strongly about it. >> ifill: you say this president what about this president do you mean? >> this is a president who ran on and believes that ideas don't have parties. good ideas come from all cierches sources. we have to be willing to turn to the ideas if they are going to make a difference for the people of country. he has taken a number of those good ideas and proposed them and congressional republicans have said not you, not the idea we're going to stand in the way because this president proposed it. and that, i think, has got to be dealt with in this election. >> ifill: governor patrick thank you for joining us. we're going to the podium where the sister simone campbell is about to speak. >> good evening, i'm one of the nuns on the bus! [cheers and applause] yes, we have nuns on the bus and a nun on the podium. let me explain why i'm here tonight. in june, i joined other catholic sisters on a 2700 mile bus journey through nine states to tell americans about the budget that congressman paul ryan wrote and governor romney endorsed. paul ryan claims this budget reflects the principles of our shared faith. but the united states conference catholic bishops stated that the ryan budget failed a basic moral test because it would harm families living in poverty. we agree with our bishop, and that's why we went on the road to stand with struggling families and to lift up our catholic sisters who serve them. their work to alleviate suffering would be seriously harmed by the romney/ryan budget and that is wrong. [ applause ] during our journey i rediscovered a few truths. first mitt romney and paul ryan are correct when they say that each individual should be responsible. but their budget goes astray in not acknowledging that we're responsible not only for ourselves and our immediate family rather our faith strongly affirms that we're all responsible for one another. i am my sister's keeper. i am my brother's keeper. [cheers and applause] while we were in toledo -- in toledo, i met ten-year-old twins matt and mark who had got noon trouble at school for fighting. sister virginia and the staff at the center took them in when they were suspended and discovered on a home visit that these ten year olds were trying to care for their bed ridden mother who has ms and diabetes. they were her only caregivers. the sisters got her medical help and boys stability. they are free to claim much childhood they were losing. clearly we all share responsibility for the mess and marks in our nation. in milwaukee i met billy and his wife and two boys at st. benedicts dining room. billy's work hours were cut back in the recession and billy is taking responsibility for himself and his family but right now, without food stamps he and his wife could not put food on the family table. we share responsibility for creating an economy where parents with jobs earn enough to care for their for the wealthy the romney ryan budget would make it even tougher on hard-working americans like billy to feed their families. paul ryan says this budget is in keeping with the moral values of our shared faith. i disagree. [cheers and applause] in cincinnati -- in cincinnati i met jimmy who had just come from her sister's memorial service when guinea's sister margaret lost her job, she lost her health insurance. she developed cancer and had no access to diagnosis or treatment. she died unnecessarily and that is tragic and it is wrong. aid foible care act -- the affordable care act will cover people like margaret. we all share responsibility to ensure that this vital health care reform law is properly imr implemented and that all governors -- all governors -- expand medicaid coverage so no more margarets die from lack of car. this is part of my pro-life stance and the right thing to do. [cheers and applause] i have so many other stories to tell but i'll tell you just one more. in hershey, pennsylvania, a woman in her late 30s came to me, approached us she asked for names to talk to because she was alone and isolated. her neighbors were pollarrized by politics mass can a raiding as values. she cares about the well being of people in her community. she wishes the rest of the nation would listen to one another with kindness and compassion. listen to one another rather than yell at each other. i told her then and i tell her now that she is not alone. looking at you tonight, i feel your presence combined with that of the thousands of caring people we met on our journey. together we understand an im moral budget that hurts already struggling families does not reflect our nation's values. we are better than that. so i urge you -- i urge you, join us on the bus. join us together as we stand with matt and mark, billy and his family, and the woman in hershey and the margarets of our nation. this is what nuns on the bus are all about. we care for the 100%. and that will secure the blessings of liberty to ourselves and our nation. so join us -- join us as we nuns on the bus, all of us strive for faith, family and fairness. thank you so much. [cheers and applause] >> ifill: sister simone campbell getting a being reaction. the nun on the bus and the director of roman catholic social justice organization network. we'll take a short break and be back with a live broadcast in a few moments. you can continue watching on the six-channel live stream. the pbs newshour's special coverage of 2012 democratic national convention. i'm joody woodruff. >> ifill: i'm gwen ifill. still with us mark shields and david brooks. joining us now is chicago mayor rahm emanuel, president obama's former chief of staff. welcome to the sky box. >> the way you said that still here like relatives you can't get rid of. thing that with the family, thursday at 7:00 get out of here. >> ifill: closer than you know. you've take on i anew role with the obama campaign over seeing the outside fund-raising the super pac. why is that? are they lagging so bad they needed emergency help? [ laughter ] >> my view is look there's 60 days left. there's a clear disparity and don't want to look back and say i would have, could have, should have and if i can help, i'll do -- >> this is the one of the worst decisions ever made by the supreme court since dred scott in my view. a horrible decision. that said these are the rules the supreme court made a decision. i won't allow them if i can have anything to do with it a 20 to one dispairity that tilts plating field when you are talking about five or six states. it's a horrible decision. they've thrown the democratic process upside down, inside out. that said, i'm not going to allow an election go by for a president i've worked who i think is a very good president and have money in this way influence it. >> woodruff: mayor, one gets the sense there are republicans falling all over themselves to gives hundreds and millions of dollars to governor romney. are there people out there prepared to give that kind of money to president obama? >> i'll find out shortly is one way to look at it. i think there's a number of people who believe in the president, believe in what he is doing and do not like what they say as a way of a few individuals being able to distort what is going on. i i don't think that's individuals voices are more valuable, more important than everybody else's. that's what has happened with the supreme court decision. >> woodruff: if those people are sold on president obama, why haven't they given already? >> maybe the wrong -- there's a host of reasons, judy. we'll find out. i'm going to try to add whatever credibility, i have, if i have any, to make that effort. >> mr. mayor from 1974 forward the democrats after watergate had a high moral ground on the issue of campaign finance. they were the reformers. they for fitted that in 2008 when president obama broke the limits of it and outspend john mccain two to one. >> yes. >> it isn't simply the supreme court. money then became dominant in the politics, wait, wait, mark, prior to 2008 money was not dominant and it became dominant? is that what you are saying. >> i'm saying barack obama had for fitting what was historically a democratic authority on the issue become the first president not a-to-abide which limited the playing field. that is the problem for the democrats as they try to say it's all the republicans advantage in 2012. >> go ahead and finish. >> i guess my question is based on that is: how do we have any sense, president obama if he's reelected that 2013 will be any different given the climate you described politcally that it's going to be different in the second term than the first? >> first of all we're all a product of our experiences. in 1995 the republicans shut down the government over the role of government, medicare, medicaid, education, environment. the thing -- talking about today. we had a campaign, the election was held nine months later there was a balanced budget agreement. they reformed medicare, created a children's health care reform, hope scholarships for college education, doubled national parks. elections matter, mark. i believe that we're in the first four years, republicans like bill clinton fought tooth and nail against him once the electric was held said it's a different day, here we good. i thinks to possible john boehner if he's speaker. i hope it's not that. i said if he will have a different caucus, a different election and the reason he didn't get an agreement on the debt limit he didn't have control of the caucus. the party wasn't ready to make a compromise. i think if president obama wins reelection, which i believe he will, just like in 1996, the republicans will look around and say, you no he what? we can't do this for four years. the first year and a half will be a productive year and a half for the country. >> let's talk about that four years ago barack obama had a health care proposal. he put it on the table. hillary clinton had one. she put it on the table. get locketted half the thing. what is the big proposal on the table now from president obama? i don't see one? >> well, david as an avid reader of your column, i think first of all that is part of what tonight is about. and it's not about this -- if it's a ten-point plan speech -- forget about it. i think he has a responsibility tomorrow night to lay out what the goals and objectives are of the second term. and chief executives do that. as in the case of mitt romney the reason, i believe that everybody talked about clint eastwood it was in the a comment about clint eastwood. it was a comment that mitt romney's speech was vac cuous and empty. it didn't fill the space. i think after our convention the president's speech will fill the space because it will be a broad stroke -- not dot, stroke, but counting all the little numbers and dots, vision of a second term and why -- what he will do with that term because it will be what you are going to do with the four years. that i think will be specific. in that kind of context not a seven point energy plan. >> ifill: let's talk about another president you worked for bill clinton. >> i can't keep a job. >> ifill: failing upward is the secret. what do we expect from bill clinton tonight? what is he bringing to this event? >> first of all put the last four years in context. that's number one and in the context of somebody who faced pierce republican opposition, somebody who faces opposition in investment education, investment in environment and investment in health care. the similarity as know, scary a. since the republicans never voted for bill clinton's budget. republicans did not vote for barack obama's budget. the fights about medicare, environment and medicaid are the similar problem the president is having today. i think he will put the parallel, this is what i believe he'll do. the parallel political and policy battles and experiences that the two presidents have and the mission they have for the country, he was able to see his through with two terms. that's why president obama deserves a second. >> they are saying good things. >> this is all i've got left after that. i do not remember the impreachment was not exactly what i call a bipartisan process. there are votes against the budget and his first budget was absolute. they sent him two welfare bills. it was all about cuts and not about reforming the system. when he sent troops to kosovo to end human rights abuse in the genocide there, when the troops were in the air the republican congress voted against it. no president has seen that. this motion of white wash history that they were a bipartisan extending their hand, i find it galling that they would actually want to rewrite historiment everything, they defeated a kid's tobacco bill that president obama passed with bipartisan. everything was fought in the effort there. the notion that there was a bipartisan, we're all working together. you all were there. >> woodruff: well i -- >> you were there. >> you're speaking the truth on that subject. >> let's end it right there. >> ifill: i want to ask you about the romney ad about gutting welfare. you also were there for that when president clinton's welfare reform bill passed. as you watch these ads unfold which so many independent factors have scus discussed it. >> i was in the room, bruce reid was vice president design the welfare bill for president clinton. he vetoed the two republican bills that literally obliterated. the president said one, it had to move people to welfare to work. two, he had to make sure it was a one year transitional healthcare so he didn't cut it off which is one of the reasons people fell back on to welfare. third, give a child 16, had ad child forced them into independence which is a culture of independences. it changed the system fundamentally. this notion of giving sphaitle flex bill -- states flexibility, massachusetts, alabama, california, and tennessee wanted to do to design their welfare to work plan was distinct with one goal. work, not welfare. independence, not dependent. and it was the governors who wanted that flexibility with the single go but uniquely, particularly designed. and governor romney in 2002 asked for that waiver. the culture that president obama demanded and worked his life as a governor on the notion of reforming welfare, one of the declining bills, him as a drarks he very -- democrats he vetoed the republican bill, he created that system. senator obama, state senator obama created the illinois version of the welfare to work legislation that implemented it. this is a society politics that is not only takes the truth but turns it upside down in a way that actually governor romney knows full well what he's saying on that ad is not true. >> there's a little deception on both sides. >> we're talking about specifically about welfare. >> you are absolutely right on that. >> i was in the room. he was no where to be seen. he wasn't even part of the political area. and this bill was going to change the system if it succeeded. and the state flexibility was designed exactly to achieve the objective that every governor's used. >> woodruff: and they're still running those ads, the republicans are still running those ads making that claim. >> yes. >> i was able to say on medicare i heard speaker after speaker here say that romney/ryan would take away medicare and voucherrize it. the romney riem ryan a ryan as s service for medicare. it's a long time. and secondly that's what it is. secondly they're charging and i heard it again and again it will force seniors to pay $6,000 a year. that was a study done on obsolete 2011 program that has nothing to do with romney/ryan care. we're hearing deception from them. >> ifill: you have this argument for the next time on the floor but go ahead and answer the question. >> look, there is a fundamental difference between the parties on medicare. and one is whether you see the same mission for medicare as the universal healthcare plan for senior citizens or not, and what seniors have to pay for it. that's really where the debate is. >> woodruff: chicago mayor rahm emanuel. >> i will help the president when i can. >> woodruff: the man who can handle two jobs at once. at the podium now is bill butcher, he's the founder of the brewing company in alexandra, virginia. >> you know, i don't have time to pay much attention to politics because i'm too busy running my business. i think a lot of small business owners feel the same way. we don't care about the daily back and forth of campaigns, we just want leaders in washington who believe in us and make it a little easier for us to succeed. our president is that kind of leader. [cheers and applause] there were moments when my wife karen and i wondered if we would ever get our business off the ground. i remember what it was like to go to bank after bank after bank hearing no. we may not have ever gotten to yes if it wasn't for president obama and the fda loan program that he started. [crowd cheering] for these last four years, i've had a president who is on my side. he cuts small business taxes 18 times. he kept middle class taxes low, which meant more customers for my product. he knows that growing the middle class helps businesses create jobs. and i know that if he gets a second term, entrepreneurs like me will have the best possible chance to succeed. [crowd cheering] i hear, i hear president obama has been brewing some beer in the white house recently, and i know you're not supposed to endorse a competitor, but in this case i'm going to make an exception. our president has fought for small business owners and now it's time to fight for him. thank you everybody. [cheers and applause] page please welcome california state attorney general pam cam -- kamala harris. [crowd cheering] >> on behalf of the great state of california, i thank you for the honor and privilege to be here. so let's get right down to business. we are here because we love our country. and we firmly believe in the american ideal that our country should work for everyone. that ideal is written into our laws. the rules of the road that create a level playing field in this country. those are the rules i became attorney general to uphold. and those are the rules mitt romney would have us roll back. he would roll back the rules that protect the air we breathe and the water we drink. roll back the rules that protect the health and safety of women and families. roll back the rules that prevent the kinds of recklessness that got our economy into this mess in the first place. well, i've seen all that happens when you roll back those rules. what happens are rows of foreclosure signs, what happens are mountains of family debt. what happens is a middle class that's hurting. that's what we've seen in towns across california and across this country. when it comes to the housing crises, the choice between barack obama and mitt romney is clear. the fact is, we don't have to guess what mitt romney would have done if he were president because he told us. he said we should let foreclosures, and i quote, hit the bottom. so the market could, i quote, run its course. run its course. that's not leadership. doing nothing while the middle class is hurting, that's not leadership. loose regulations and lax enforcement, that's not leadership. that's abandoning our middle class. here's what president obama did. president obama won wall street reform to prevent any more tax-funded bailouts. president obama won credit card reform so you don't get stuck with sudden fees and rate hikes. president obama stood with me and 48 other attorneys general in taking on the banks and winning $25 billion for struggling homeowners. [crowd cheering] that's leadership. that's what president obama did. and that's why we need to give him another four years. [crowd cheering] we need to move forward. president obama will fight for working families. he will fight to level the economic playing field. and fight to give every american the same fair shot my family had. i remember when my mother shamala harris bought our first home. i was 13. she was so proud. and my sister and i were so excited. millions of families and millions of americans know that feeling of walking through the front door of their own home for the first time, the feeling of reaching for opportunity and finding it. that's the choice in this election. it's a choice between an america where opportunity is open to everyone, where everyone plays by the same set of rules. or, a philosophy that tilts the playing field to help the wealthiest few. a choice between holding wall street accountable or letting it write its own rules. mitt romney subscribes to the cynical logic that says the american dream belongs to some of us and not all of us. well, i'll tell you who the american dream belongs to. it belongs to the student in sacramento who doesn't have much money but who goes to bed each night dreaming big dreams. it belongs to the men and women across this country who know it shouldn't be against the law to marry the person you love. [applause] it belongs to the immigrants young and old who come to this country in search of a better life. and it belongs to little girls who have the joy of watching their mother, like i did, buy her first home. [crowd cheering] the american dream belongs to all of us. and if we can work together and stand together and vote together on november 6th for president barack obama, that's a dream we will put within reach of all our people. thank you. [cheers and applause] >> i get letters from kids all across the country. they came here when they were five. they came here when they were eight. their parents were undocumented. the kids didn't know. suddenly they come to 18, 19 years old and they realize, you know i feel american, i am an american, the law doesn't recognize me as american. i'm willing to serve my country, i'm willing to fight for this country. i wanted to go to college and better myself. and i'm at risk of deportation. and it is heart breaking. it makes no sense to expel talented young people who have been raised as americans, understand themselves to be part of this country. effective immediately. the department of homeland security is taking steps to lift the shadow of deportation from these young people. this is a temporary stop-gap measure that let's us focus on resources wisely while giving a degree of relief and hope the talented-driven patriotic young people. as long as i'm president, i will not give up on this issue, not only because it's the right thing to do for our economy, not just because it's the right thing to do for our security, but because it's the right thing to do, period. [applause] >> please welcome benita veliz. >> my name is benita veliz and i'm from san antonio, texas. [crowd cheering] why so many americans of all races and backgrounds, i was brought here as a child. i've been here ever since. i graduated as valedictorian of my high school class at the age of 16. [crowd cheering] i went on to earn a double major at the age of 20. [applause] i know i have something to contribute to my economy and my country. i feel just as american as any of my friends or neighbors. [applause] i've had to live almost my entire life knowing i could be deported just because of the way i came here. president obama fought for the dream act to help people like me ... [cheers and applause] and when congress refused to pass it, he didn't give up. instead, he took action so that people like me can apply to stay in our country and contribute. we will keep feeting for reform, but while we do, we're able to work steady and pursue the american dream. [cheers and applause] president obama has fought for my community. now it's my honor to introduce one of the leaders in my community who is fighting for him, from her televieptze televo her magazines and her network, she's truly an icon, ladies and gentlemen, cristina saralegui. [applause] >> hello there. wow. oh my god. wasn't that something. muchas gracias and to those who study and do their homework. like most latinas, you know that i'm not afraid to speak my mind. through the years i've given some people some very tough questions, i've tackled big issues on live tv but one thing i have never done until now was getting involved in politics. no, dios mio. but this year is very different. if 2008 was an important election, it's nothing compared to 2012. nothing. [applause] thank you. like benita, i know what it's like to come to this country at a young age. i was 12 years old when, like so many cubans my parents fled the castro regime. viva cuba. for us america meant freedom. america was the place that said it don't matter where you come from, it doesn't matter what your last name is, it doesn't matter if you drink or latte or coffee with leche, coffee with milk. here if you work very hard, anything is possible. and that's what i did. si se puede. i couldn't afford to go to college i got an internship job in a magazine and i turned that into a job and that job into a business and a television show that ended up with 100 million viewers in 40 different countries. [cheers and applause] si se puede. for me, muchas gracias. for me it's not just a dream, it's a promise. isn't just an idea, it's not a theory, it's my life story out of many dreamers. i want to pass that promise on to my grandchildren, dominic and christina maria awe. i want them to grow up in the kind of country i grew up in. [applause] this is about my gente. for the first time in my life the promise of america is in danger. nearly every part of governor romney's plan will put that american dream further out of reach. in order to cut taxes for those at the very top, he would raise taxes for middle class families, slash education and cut student aid. governor romney will turn medicare from a guarantee into una pls libreta cupones, a book of coupons. he will force millions of hispanics to lose insurance. governor romney's plan is really just one word, patras, backwards. we need to move forward. palante. we need to re-elect our president obama. [cheers and applause] our president is an incredible man. he fights for us every single day. he helped prevent a second rate depression. he cut taxes from middle class families and small businesses. he fought for healthcare reform which is already helping millions of americans afford insurance. his education policies mean hispanics will receive an estimated 150,000 more college scholarships. he is on our side. [cheers and applause] yes, and he knows we still have a lot of work to do. president obama has a detailed plan. you can find this plan right on his website. it's a plan to grow our economy from the middle class out and the bottom up, not from the top down. a plan to invent, invest to education, a plan to invest in manufacturing and a plan to pass comprehensive immigration reform that includes a path to citizenship. [cheers and applause] thank you. on immigration, governor romney's views, this really freaked me out. his views could not be more extreme. he says we should make life so unbearable for 11 million people that they simply self deport. what is that. he said that arizona's immigration law should be a model for our country. [crowd booing] >> don't boo, vote. [cheers and applause] he even, he even made the architect of that horrible law an immigration advisor for his campaign. that was really smart. vote. vote. and if he can has promised to repeal the dream act. this election is about many things. but if you want to understand the values of the two candidates, all you have to do is think about benita, the beautiful lady that introduced me tonight. governor romney calls young people like her at 27 illegal aliens. president obama calls them dreamers. [cheers and applause] and that is the difference in this election. so in closing, i'm asking for my gen tempt all of meye my peopleo please join me. we come from countries that are not counted properly. in fact they're not counted at all. here we latinos have a very powerful voice but only if we use it. [cheers and applause] that begins with making sure you are registered to vote. so i want you to vote, got to vote and as spanish votemos todos. they have everything you need to get registered. make sure your friends and family are registered too. charlotte, let me ask you a imurrequestquestion girlfriend. are you in. will you register your voters, will you talk to your family and friends. will you fight for that dream we all flea believe in. will you keep the promise of this country alive. estamos unidos. let's do this together. palante, palante. muchas gracias. thank you very much. [crowd cheering] >> please welcome austin ligon, cofounder and retired ceo of carmax, incorporated. >> when we first started carmax 19 years ago, we had a simple idea to make buying a used car transference an eyes process. today carmax has grown to be america's largest retailer implying 17,000 people in 30 states and one of fortune's top 100 companies to work for. we worked hard to build and conceive an idea for carmax but we didn't do it alone. we succeeded because we had intensely committed associates. healthy and flexible capital markets, good roads and bridges that let us move product rapidly, cooperative federal, state and local governments that helped us have clear rules of the roads and plan and grow our business. as a businessman, i know president obama understands what it takes to spark economic growth because i've seen him in action. when he took office, he inherited a massive structural deficit from his republican predecessor, an economy free fall and most importantly for me personal leanna toe industrly an the verge of collapse. there was restructuring of two of america's largest corporations, gm and chrysler. that didn't just save the car companies it helped prevent a domino effect that would taken down everything in the auto industries from fact trees that manufactured auto parts to the daryltdealers who also sold the. he helped launch targeted efforts to help people buy cars again. these actions prevented over a million job losses and laid the ground work for what's now a robust recovery of the american auto industry. the president deserves credit for this extraordinary success. and i'm determined to see that he gets it. [crowd cheering] as a businessman who focuses on facts, not political rhetoric, i think the choice in this election is clear. president obama has shown he has the vision to support average consumers and taxpayers. he nrs understands that the conr is the engine of the economic growth. that businesses can't prosper without them. that's why he has a plan to reduce the deficit, to invest in infrastructure expej case, to -- expej caseand education, to cond not millionaires because that's what works. that's how we grow the economy from the middle out, not from the top down. as a businessman, i'll tell you, mitt romney just doesn't get it. that's why i'm voting to extend barack obama's management contract for four more years. [crowd cheering] plowsh thank you. thank you. >> u.s. auto industry is in dire straits. reports showed manufacturing industry hitting a 26 year low last month. >> things happened really fast. nobody's going to buy a car in that kind of a climate so i started seeing a lay off here and lay off there. >> auto makers are desperately waiting for a lifeline while thousands of workers in all sorts of industries are losing their livelihood. >> if i don't go to work anymore, the five or six suppliers go away. the grocery stores close. nobody kne been those in the auto industry. we cannot and must not and we will not let our auto industry simply vanish. >> i remember the day that president obama came on tv and said that he was going to grab the auto loan. i sat up on the couch and said oh my god we're getting our loan. >> my kids and i were all sitting here. we just hugged and i screamed and we all danced around. mommy's going back to work. >> president obama gave us the tools and we ran with it. so when we came back to work, we wanted to do well, a bar to get it done, a bar to be a company again. >> good evening, it worked. that's what the president said as he slootd the official return of america's auto industry. >> we came back just with a vengeance. >> as of tonight, general motors is back on top. >> we came from the scariest moment in our life to the most frantic. >> it was the day that chrysler paid back the loan. it was one of the proudest moments i've had working at chrysler because everybody worked together from the ceo's down to the janitors to make our company provide. we made a promise to the country, made a promise to the president and we were going to make good on it. >> don't bet against the american worker, don't bet against the american people. >> to me a leader is someone that actually hears the people and is not afraid to work for the people. and i think president obama proved that from what he's done for us. >> he showed the kind of leadership and character that's required in a president that will do what's best for the group and not necessarily limb self. >> i've seen new businesses swelled all all around the plant. when we do good everybody does good. >> are you better now than you were four years ago. yes, we are better and we will be even better with what we've got going right now and that's president obama. >> ladies and gentlemen, please welcome karen eusanio from hubbard, ohio. [crowd cheering] >> for almost 20 years i've been a proud member of the uaw local 1112. [crowd cheering] a second generation auto worker are. and i'm proud and thanks to president obama, i still am. my mom retired from gm after 30 years, and my brother worked there too. but really everyone there is like family. we look out for each other, not just because we're gm or because we are ohioans but we're americans. [crowd cheering] when the auto industry was on its last leg, i was laid off and i was terrified. how was i going to provide for my daughter and my two boys. or pay my mortgage. how is the valley going to survive when so many of us were out of work, when so many to lose what they worked so hard for. the answer wasn't obvious, and the solution wasn't popular. president obama didn't think about the polls or the politics, he thought about the people. [crowd cheering] and because he put himself in our shoes, we're back on our feet. some said we shouldn't rescue the auto industry. president obama knew he had to move our country forward. today, i'm back at work. we have three shifts building cars for the future like the chevy cruise. [crowd cheering] gm just didn't pay back our outstanding loans, they paid them back ahead of schedule and the valley is thriving again. [crowd cheering] president obama has a work ethic and value as my co-workers at gm. my neighbors in ohio, and he knows we're all in this together. he believes in us, he stood up for us and i am proud and honored to stand here tonight for him. thank you very much. [crowd cheering] >> ladies and gentlemen, please welcome bob king, president of the united auto workers. [cheers and applause] >> the first woman to serve in both houses of the congress was margaret chase smith. and she said, the right way is not always the popular and the easy way. standing for right when it's unpopular is a true test of moral character. margaret choice smit chase smita republican, but a very different kind than those republicans trying to overtake our country now. in some of america's darkest economic days since the great depression and in the face of tremendous political venom, president obama met the test of moral character. he stood up for not for what was popular and easy, but for what was right. [crowd cheering] he stood for and with american workers, not just auto workers, but a million workers in towns all across america. who, if the industry went under, would not be able to put food on the table. we all remember what those days were like when president obama took office. workers waiting anxiously as their companies announced layoffs, banks refusing to loan, car sales were collapsing. it wasn't just auto companies that were struggling to survive, so were those companies making parts and selling cars. small businesses that relied on awe toauto worker as customers e diners and barber shops had to close down. un230e67lunfortunately most reps advocated doing nothing. and what did mitt romney say? you all know this, he said let detroit go bankrupt. [crowd booing] in strong contrast, president obama took action, putting together a rescue team, demanding real change and real sacrifice. from everyone involved, from management, from labor, from suppliers, from debt holders, from dealers. everybody involved. it was not universally popular, but it was absolutely right. [cheers and applause] president obama's strong leadership saved a million jobs. since june of 2009, this industry has added a quarter of a million jobs and the auto industry is thriving again. [crowd cheering] these are good middle class jobs in glass, in plastic, in steel. jobs making things for an economy built to last. and mitt romney's record, at bain capital the corporate buyout firm he founded too often has made their money not by building companies up but by taking them apart. and too often the workers ended up in the streets even as romney and his partners made millions of dollars. earlier this week, we celebrated labor day. people forget what this holiday and why it was created, what this holiday is. it was about safe work places, healthcare, the 40 hour work week, middle class jobs. standards that all of us believe in. but these standards did not just happen. they happened because generations of working people fought for, and in some cases, died for. the right to organize and the right to collectively bargain. [crowd cheering] president ... president obama strongly supports these basic human rights, because these rights are good for all americans. strong unions and collective bargaining. [crowd cheering] strong unions and collective bargaining have lifted millions of people out of poverty. and built the great american middle class. and it's the middle class that keeps america's democracy and economy strong. the republicans just look at wisconsin. the republicans want to take us back, back to a time when workers could not stand up for themselves, when workers couldn't speak with one voice, when workers couldn't speak out for fairness, justice and middle class opportunity. that's why unions matter. [crowd cheering] i also proud to be a union member. [crowd cheering] and i also proud, i also proud to represent the men and women of the uaw. [crowd cheering] because, because of president obama's moral courage and leadership, america's auto industry is roaring again, leading the american economic recovery. an industry we once called the arson of democracy is driving us to new prosperity. this november, america faces a clear choice about what kind of country we want to be. the choice for working families is clear. we must re-elect president barack obama. [crowd cheering] >> please welcome former employees of companies controlled by romney's bain capital, randy johnson, cindy hewitt and david foster. >> we just heard from king about president obama's record of creating jobs. i wanted to tell you about mitt romney's record of cutting jobs. mitt romney once said i like being able to fire people. well i can tell you from personal experience, he does. on july 5th, 1994, mitt romney and his partners at bain capital fired me and more than 350 of my co-workers. it came without any warning. they rushed in the security guards to walk us out of our plant. we weren't even allowed to take our personal items. they handed us job applications and told us if we want you, we'll let you know. now the truth is, some folks were hired back, lowerages, fewer benefits, no retirement. but many others weren't. and seven months later, they closed our plant for good. what affected me most was having guys, the him now come to my desk and cry. guys who had nothing to fall back on. i don't think mitt romney's a bad man. i don't fault him for the fact that some companies win and some companies lose. that's a fact of life. what i fault him for is making money without a moral compass. [crowd cheering] i fault him for putting profit before people like me. but that's just romney economics. america cannot afford romney economics. mitt romney will stick it to working people. barack obama sticking up for working people. it's simple as that. that's why i'm supporting him for a second term as president. [crowd cheering] >> when mitt romney first announced he was running for president, i had no idea who he was. but then i learned he was the ceo of bain capital, and that sure got my attention real fast. i used to work at a plant in miami that governor romney bought with his partners from bain. i say used to because not long after they bought it, romney and his partners shut our plant down and ultimately drove our company into bankruptcy. our company -- our company was a big part of our community. there were folks who had been at the plant for 15-20 years. but by the time romney and his partners were done with us, we lost 850 jobs in florida. it was a really difficult time for me and for my co-workers, but not for governor romney and his partners. while we watched our jobs disappear, they ultimately walked away with more than asked 240 million dollars. of course i understand, some companies are successful, others are not. let's the way our economy works. but it is wrong when dedicated, productive employees feel the pain while focuse folks like mit romney make profit. so when mitt romney talks about his business experience, remember it is not experience creating good paying jobs. it is experience cutting jobs. it is experience shutting plants. it is experience making millions of dollars by making life tougher for hard working americans. that is not the kind of experience we need in the whitehouse. we need a president who will create good paying jobs and make sure everyone has a fair chance. we need president obama. [crowd cheering] >> good evening. good evening. a special greeting to my fellow minnesotaians and to the hard working missourians i was privileged to represent for so many years. i'm david foster and i was a steel worker for 31 years. for 15 years, i laid brick and tapped the if yo if you furnacel that hard dirty work that turned molten metal into the cars, bridges and buildings that make america what it is today. [crowd cheering] and i also led the steelworkers in a 13-state region including gsp steel in kansas city. a 100-year ol-old company boughy mitt romney and his partners at bain capital in 1993. now it's a stor story that i wii didn't have to tell but america needs to know the truth. when romney and bain took over the mill, they loaded it up with millions in debt. and within months, they used zoosome of that borrowed money o pay themselves millions. within a decade, the debt kept growing and was so large the company was forced into bankruptcy. they fired 750 steelworkers while they pocketed $12 million in profits. a steel worker at gsp would have had to work 240 years to make $12 million. so in 2001, with gsp bankrupt and romney still ceo of bain, i had to stand in a rented auditorium in front of hundreds of steelworkers in their 50's and 60's, retirees and widows in their 70's and 80's and tell them romney and bain had broken their promises. jobs, vacation pay, severance, health insurance, pension benefits that were promised. they were all gone. now some companies succeed, some companies succeed, others fail. i know that. but i also know this. we don't need a president who fires steelworkers or says let detroit go bankrupt. [crowd cheering] we need the leadership, we need the leadership of a men who during the darkest hours for america's auto industry rolled up his sleeves, risked his presidency and saved over one million good auto jobs. we need, we need barack obama. thank you. [crowd cheering] >> those three were the former employees of bain capital that private equity firm that was founded by mitt romney. there's some reaction now from our syndicated columnist mark shields and columnist david brooks. dave you've been saying for two nights now they don't talk enough about business in the private sector. there you go. >> okay. they talked about something going out of business under bain. we can have arguments about that. there's a long story about gsp steel and what happened tight. the other side is it was going out of business anyway, they bought it tried, they failed and went out. in any case my argument has been there's no program here. and rahm emanuel says that the president was going to offer it tomorrow night. i'd like there to be one now. usually you have a campaign, you have issues to talk about. you have programs to talk about. he doesn't have to go into that detail. but does he support as tammy baldwin does raising tariffs. does he support all the union leaders we've heard from tonight making car checks, making it stronger and easier to recruit. there are basic programs that are sitting out there that have been debated for years. does he support, does he not. we're weirdly abstracted from that and weirdly abstracted from this current historical moment. we're in a long period of stagnation. what causes this stagnation? how long is it going to last? >> ifill: you expect that kind of conversation at a political convention. >> i want somebody to,ing nays the -- recognize we're in a recession. >> woodruff: we were talking about governor patrick about that very subject. we asked what should the president do and he said well it's not necessarily legislation that's called forward at a time like this. there are other things. how do you take that. >> you need presidents to pass laws. when president obama ran he had a law, he had a healthcare law and he passed that law. this is normally what you do. this is the bill i'm going to put before congress. i'm going to work to get it passed. >> i disagree with david. if the president fames to do that thursday night -- fails to do that thursday night then i say he failed the fasting and the test. -- the fasting an task and the . this is a persuasive narrative that barack obama is at against a risk against private sector opposition took out the bailout of detroit and it worked and it is successful. there are 1.1 million jobs that's a realistic and honest number. it is something we celebrate. and ironically the man who spoke at the convention last week that made the biggest slash, clint eastwood did probably the motion controversial statement about it at half time of america when he said our engines will come roaring back. and interesting we hear carl earlier in the program in the newshour, and he talked about imported from detroit. that story of chrysler. chrysler paid off its bailed loan from the federal government six years early. these are all successes. >> woodruff: here's my question about what we're watching. maybe it's about what happened at conventions but on the campaign trial, you just watch the ads you hear lots of conversations about bain and mitt romney's taxes. there had been glancing mentions in this campaign, this convention so far to mitt romney's taxes and we just saw the biggest about mitt romney's history at bain. it feels like we're looking at the flip side of the sale christ but we're -- same conversation but we're not really having it. >> it points to the past. >> ifill: there's something different happening in the campaign trail than what's happening in this convention hall. >> it's a very different convention from 7:00 to 10:00 pm and 10:00 pm on. 7:00 pm are debates and the only people watching are hard core party members. >> ifill: like us. >> or some people are paid to do it. >> ifill: or just hard core. >> and it's when they talk to other people. >> trying to reach independentants and that's what they are trying to do tonight with former president clinton. >> that's what you don't do on the campaign trail is that caveat. i think mitt romney is a good man. he's not a bad man said the -- he does bad things. >> he said he doesn't have a moral compass. >> but you wouldn't hear that at a campaign rally on the trail. >> we have a history here. george bush ran a compassionate -- he knew he had the conservatives so he did compassionate to get other people. bell clinton ran a different campaign because he knew he had the democrats, he had a more third-way message to try to get the other people. that's normally what you do. you move outside. we don't see that from either party. >> woodruff: david and mark what about the argument that things are so calculated today that the economy has changed, there's structural changes and the thing that need to be done are not just simple black and white things that you can just moot on a may and say one, two, threetwo -- put on paper and sa, two, three four. it's a battle to get it done and unrealistic to expect it to happen in a wild and crazy presidential campaign. >> you can get 80% majority can do a lot of things. tax reform. most people agree with cutting loopholes and interest rates. most people agree with this sort of thing. education reform. this is pretty bipartisan. there are all these prostlesz that are proposals sitting out there. there's a program today eight thing that both parties agree on that would super charge our economy. i will bet 80% on a lot of these things. >> woodruff: you're saying the president could embrace those. is that what you're saying? talk about that some more. >> not just the president. whenever i hear it's difficult or complicated i return to the year of 1980 which scholars have said the president with one single six-year term was problems are so impossible that no pedestrian re-elected can deal with. followed by ronald reagan, he didn't get re-elected overwhelmingly and would have won a third term with george wh bush. >> ifill: the young woman spoke who is the first time we ever had an undocumented immigrant speak from the floor on a political convention and she spoke on behalf of the dream act. >> really, it was very very species. >> woodruff: 27 years old. >> graduate at college of 20, a double major. i mean just a great great story. and the answer is she should self deport at this point. do we want her in this country. the other voice that was heard that we didn't address is sister simone campbell and she talked about the democrat's additional responsibility for those left out and left behind, what we owe to each other. i am my sister's keeper, i'm my brother's keeper. these are the nuns who have been involved and chastised by the bishops. they want to take care of the powerless, run the shelters, run the soup kitchens and any popularity contest in the catholic church i tell you will beat the bishop as 5-1. >> they did a bus tour around the country criticizing the ryan budget plan because they said it was unfair to poor people. >> that's exactly right. and so did the bishops to get credit, they failed -- are the priorities -- >> ifill: we can confirm something by the way that's been rumored that's making it's way around this hall for the last hour or so is that indeed barack obama is coming to the hall tonight and he's going to watch the bill clinton seat so that will be an interesting moment. for now we're going to go back to the floor because we'll hear from georgetown law student how the republicans wouldn't allow her to testify about access to birth control caused quite a stir and of course earned her a place at the podium tonight. sandra fluke. [crowd cheering] >> some of you, some of you may remember that earlier this year, republicans shut me out of a hearing on contraception. in fact, on that panel, they didn't hear from a single woman [crowd booing] even though they were debating an issue that affects nearly every woman. because it happened in congress, people noticed. but it happens all the time. noom women are shut out and silenced. so while i'm honored to be standing at this podium, it easily could have been any one of you. i'm here because i spoke out. [crowd cheering] and this november, each of us must speak out. during this campaign, we've heard about two profoundly different futures that could await women in this country. and how one of those futures looks like an obsolete relic of our past. warnings of our fortune are not distractions. they are not imagined. that future could become real. in that america. your new president could be a man who stands by when a public figure tries to silence a private citizen with hateful slurs. [applause] a man who won't stand up to those slurs or to any of the extreme biggated voice big bigos own party. it would be an america in which you have a new vice president who cosponsored a bill that would allow pregnant women to die preventable deaths in our emergency room. an america in which states humiliate women by forcing us to endure invasive ultra sounds, that we don't want. and our doctors say that we don't need. an america in which access to birth control is controlled by people who will never use it. [ applause ] an america in which politicians redefine rape and victims are victimized all over again. in which someone decides which domestic violence victim deserves access to services and which don't. we know what this america would look like. in a few short months that's the america that we could be but that's not the america that we should be and it's not who we are! [ cheering and applause ] we've also seen another america that we can choose, in that america we'd have the right to choose. [applause] it's an america in which no one can charge us more than men for the exact same health insurance. in which no one can deny us affordable access to the cancer screenings that could save our lives. in which we decide when to start our family. an america in which our president when he hears that a young woman has been verbally attacked thinks of his daughters not his delegates or his donors. [ applause ] and in which our president stands with all women and strangers come together and reach out and lift her up. and then instead of trying to silence her you invite me here. and you give me this microphone to amplify our voice. [ applause ] that's the difference. over the last six months i've seen what these two futures look like and six months from now we're all going to be living in one future or the other. but only one. a country where our president either has our backs or turns his back. a country that honors our foremothers by moving us forward or one that forces our general operation to refight battle, is that they already won. [ applause ] a country where we mean it when we talk about personal freedom. or one where that freedom doesn't apply to our bodies or to our voices. we talk often about choice, well, ladies, and gentlemen, it's now time to choose. >> the georgetown law student who became a cause because she spoke up and challenged the policy that in effect said that contraceptives could not be covered by health care policy. if you are just joining us you're watch pbs "newshour" special coverage of the 2012 democratic national convention. coming to the podium now, jim sinegal, c.e.ow up in pittsburgh where my father worked. i graduated from the public high school, attended a community college and a state university. my first job was at a retail warehouse. then three decades ago a friend and i had a big idea for a small business. one that we would start in seattle, washington. [ applause ] a warehouse store that would provide our members with great products, low prices while treating our employees fairly. today our small company has been blessed with success, huge success. i might say bulk success. costco is the fifth largest retailer in the u.s. and seventh largest in the world. [ applause ] in tampa last week we heard all about job creators. but at our company we recognize that job creation requires time and investment and commitment to the long term. it requires companies that grow not executive who reap and run. that's how we do our part to build an economy that lasts. autocrossco we've created over 116,000 american jobs -- [ applause ] and during the next 12

on massachusetts because that's the only place where mitt romney has served as a public c.e.o., a public sector c.e.owhat they are for not just who they are voting against. i think it's very, very important for democrats to make the case of what we're asking people to vote for because it's a compelling case ands a transsenting one. >> woodruff: do you know what the president is going to say tomorrow night? >> i haven't seen the speech but he believes in his heart that we must turn to and not on each other and doing this around the agenda of investing in education and innovation and energy and infrastructure is a winning strategy that enables to restore the middle class and rebuild the american dream. >> ifill: can i ask about something from the speech which caught my ear. you said the president should not be bullied out of office. that say strong term? >> especially for you, right? -- for me, right? >> for you and what is it about bullying? >> it's about being in the midst of an economic meltdown and having minority leader in the senate and one of the most prominent members of the republican party sa

c.e.o. which by the way i think the country needs desperately is the c.e.o.ype. >> geraldo: i newt you wer thoe going to say a stiff. >> he is a good father and charitable and both of these women were able to show the human side to their husbands and how caring and compassionate they are. >> geraldo: do you think michelle plays the role, not the mainstream republicans but there is this whole fringe group that wants to portray the president as coming from some place else, the other. does michelle bring him back to the american poll, you know what i mean, symbolically a she kind of the bridge or reintroducing her husband to the american people? >> i think that is right, geraldo. she humanizes him and grounds him and one of the nice things is we would say in indiana both of these men obviously married up and one of the nice things is with all of the negative ads and tearing down i think it is clear to all of us that we have two good husbands and two good fathers and that is a nice thing to know that we will have that in the next president. >> geraldo: a wonderfu

c.e.o. of joy global. >> tom: tomorrow we continue our coverage from mine-expo, we'll talk coal demand with greg boyce, chairman and c.e.o. at peabody energy. >> tom: the presidential election is only 43 days away. traders and investors are watching the race closely because the outcome will help determine the direction of the economy and financial markets. all this week well be talking to traders in the trenches to get their views on how politics influence the markets. today, erika miller spoke with jonathan corpina, a trader at the new york stock exchange. >> to the presidential election is only about six weeks away. how are traders in general viewing the election? >> it's a very interesting time right now. and if you look at our current election and the process, it's a tight race. every week the numbers cope changing. but not by that much where there is an outright expected winner at this point right now. so the uncertainty of how this election is going to pan out is somewhat helping this market. i think it's keeping more people in this market. >> reporter: you were on the floor four years ago. how does the mood today compare to back then. >> you know, the mood, i think, is a little bit different. the times are different, times have changed now. i think now it's more of there is that light at the end of the tunnel who is going to get us down there. back then i think we were still just digging out of the holes that everybody was in. >> what do you think is factored into the market right now, an obama victory or a romney victory? >> i think it is either president is going get elected i think the market will react the same way. i think the market will still move higher because what we have seen is the economic data that has been coming out of washington has supported this rally that we've seen. job numbers are getting better. housing numbers are getting better. not at the speed in which everybody would like to see it but yes, things are getting better. >> even after the election we still have the overhang of the fiscal cliff. how are traders viewing that threat. >> that's scary it is a date on the calendar that keeps getting pushed but we know is out there and something like that is going to come. but as time gets pushed out there are some really big dark clouds that are there and i think investors will have to figure out who they think is going to be best to get us through there. do you take the-- incumbent president who has been sitting there and part of these issues and part of the solutions that are there, or dow take the wall street type of guy who might be able to come through and face some of these economic issues that are there. >> reporter: which is the greater overhang for the market now. politics or economics? >> i think today it's politics. i think economics will come back to the forefront in another two months. once we get a better zrnlted as to how this election is going to pan out. i think then we come back to the basics and look back at the economic issues that we have. >> jonathan, thank you very much. >> thank you. >> tom: as european worries were >> tom: as european worries were back in the headlines, u.s. stock indices were under pressure. the s&p 500's lowest price of the day came just after the opening bell. a mid-afternoon recovery didn't have the legs to last with the index finishing down a fraction. volume was 624 million shares on the big board. 1.7 billion on the nasdaq. the technology sector has the biggest drop, down 0.8%. the energy and materials sectors fell 0.5% each. no question apple has a hit with its iphone five released on friday. it couldn't keep up with demand over the weekend. apple sold over five million iphone 5's, a first-weekend sales record for the devices. but some analysts expected sales of eight million. shares of apple saw some selling pressure, falling 1.3%, but they're coming off a new high hit last week in anticipation of the new device. by the way, the sales figure from apple does not include pre- ordered iphones. while there's been plenty of talk about apple's newest iphone, one of its biggest competitors, google, saw its shares hit a record high. shares were up 2.1%, closing just shy of $750. it's up more than 25% since mid- july. meantime, another technology giant, intel, has seen its share price shrink. the stock fell 1.4% today, ending at a ten month low. the company has been hit by the p.c. customers delaying orders, in favor of tablets, or waiting for the newest microsoft window's operating system later this year. speaking of that new microsoft product, morgan stanley is worried about software firm citrix systems. the investment bank cut it rating and price target, sending shares lower. citrix was the biggest loser among s&p 500 technology shares, down 5.2%. this is citrix's lowest price since late august. facebook shares actively trade big volume dropping 9.1%. financial weekly newspaper barrons over the weekend questioned the stock evaluation giving facebook a price target of $15. closed tonight above that. as we mentioned earlier, caterpillar echoed he worriest about the global economy late today when it cut its financial outlook. after closing down 0.9%, shares of cat fell another 2% after the closing bell. it traded around $89 per share in extended trading. but some good news about home construction from home builder lennar.ie it's the third largest home builder in the u.s., and orders are on the up-swing. before one-time items, earnings per share were lower than anticipated. but its revenues were the highest in almost four years. lennar is the just latest builder to show an improving business. however, the stock fell 1.5% after hitting a post-recession high earlier in the session. four of the five most actively traded exchange traded products were down. the lone winner was the financial sector e.t.f., ouinueont g nna e pe squeezing out a one penny per share gain. and that's tonight's "market focus." >> tom: about 2,000 workers in a huge brawl shut down a chinese electronics manufacturing plant early today. the plant is owned by fox-conn, one of the world's biggest contract manufacturers, making devices such as apple's iphone. the unrest began at a company employee dormitory, but there are accusations it was sparked by factory guards. this is the latest incident at chinese companies u.s. firms rely on to make their products. tonight's word on the street: exposure. gregg greenberg is a reporter with the street.com. gregg what u.s. companies are exposed to these kinds of chinese manufacturers? >> well, apple may be the biggest and best known but it's certainly not alone. hp, dell, samsung, sony, all of these employ services to make their products. >> tom: losses of electronic manufacturers that you list there we've seen these labor issues flare up, certainly over the past several months, working conditions, working hours, pay. what is the expose through-- exposure that these u.s. companies have there? >> well, it's tremendous,-- bo boxcondoes a lot of business with powerhouse f people want iphone cheap they have to use foxcon. the thing is that apple c.e.o. tim cook said he would like to have more manufacturing in the united states. but it's just not feasible. and it's not just because of cost either. they have a lot of flexibility there, and so if they need to add or subtract a shift or need to add a component, they don't have to check with the unions or epa, they just do it. >> tom: so that leads to the question how captive are companies like apple to these chinese manufacturers? >> they're tremendously captive. we can make more component parts. and are you seeing that in the united states. apple is increasing the orders from companies like texas instruments and qualcomm and broadcom. and we've seen these components in the new iphones. but if wants to move away manufacturing it's not as easy because once again it's a low-cost provider, and it gives them the flexibility to make more at a moment's notice. >> tom: seemingly this would be extremely important to the business models for these companies, not just-in-time manufacturing but in

c.e.o.'s, and i'm able to speak to business managers and c.e.o.'s really all day long on cnbc and certainly on my program, which is in the afternoon from 3:00 to 5:00 in the afternoon, and what they tell me is that oftentimes they are asked to visit the white house. for example, when the president was, you know, selling his healthcare package, you know, he invited a number of the healthcare c.e.o.'s to the white house under the idea that he wanted to get their input, and he wanted to hear what was going on in healthcare and how, you know, the legislation should change or be altered to sort of address some of the issues that he was going to hear from them. but what i heard from virtually every single healthcare c.e.o. that went there is that they arrived, they did a photo op, they took some pictures, the president spoke to them, gave a speech basically, and then left. so, what i'm hearing increasingly is that, you know, he's not necessarily listening to the executives that go to his office. he has his own ideas, and regardless of what whether or not they come there and explain their so-called plight or what they would like to see in order to actually put more money into the economy and hire new workers, he's not listening to them. you know, and i think that there is some truth to the idea that the president has a very small circle of advisors, and that's who he decides policy w

c.e.o. said this was a windfall for american manufacturers. the c.e.o. said these regulations are a wind fall for manufacturers of automobile manufacturers. it's not my quote but the c.e.o. of general motors. what is good for general motors is good for america. he is not alone, ford, chrysler, hyundai, jag water, nissan, toy on ita and the united walkers, environmental organizations, everybody agrees. where is it coming from? who doesn't like this? why are we having a debate here. i do not yield. i do not yield. there is no point in revealing something that dramatically enhances national security, save consumers, 54.5 gallons by the time it ends, drives the car twice as far insed of $4, it is $2. it is a big savings for everyone and we know the technology is there because that's every ad we see on television, it's for the new hybrid and new technology. so it's all there. the industry supports these regulations that they are seeking to repeal. it is ideological. they don't like the government. the republican paradox is they don't like the government and have to come to washington to make sure it doesn't work. the chair: the gentleman's time has expired. the gentleman fro

c.e.o. alan mulally, we'll visit him a ford dealership, and take a look at the new ford fusion. then, hershey has a big announcement, we'll head to pennsylvania and talk to the c.e.o. about what they're up to, and how much money does the u.s. owe, and how did we get here? we kick off this week's coverage of the national debt. the u.s. presidential election is just seven weeks away, and the economy remains the key issue. but as tonight's commentator explains, the u.s. economy isn't simply stuck in a bad business cycle, it's suffering from an innovation crisis. here's rob atkinson, author of "innovation economics: the race for global advantage." >> many nations are competing intensely to win this race, offering competitive corporate tax policies, increased investment in technology and training, and other smart policies. in the last decade, the united states has fallen behind. declining competitiveness means not just anemic job growth today, but relatively lower living standards in the future. so the next administration regardless of who it is and congress need to do more than tinker at the edges. we need to replace the failed washington economic consensus with a new

c.e.o.'s to get clearances, which will not happen. c.e.o.'s don't want that. but enough the prior pam discussed and technical people say, you can't give me a general sentence about the threat. i need a specific, if it's going to be helpful to me as a company, and we're going to defend ourselves, we need specific details. that's what has to be worked out. what the n.s.a. and cia and others can give, how specific they can give out without compromising national security. and enough that the security folks in the company s can actually do something with it. >> to bring this back to the innovation side of this for a minute, when i have talked about people in the past and looked at kind of what russian organized crime was doing, for instance, or what was happening in china, i was told whether it was correct or not, what i was told is that some of the most advanced cyber threats in the world emanate, for instance, in the tension and escalation between taiwan and china, that they basically developed all sorts of worms and malaware and disabling pieces of code aimed at

c.e.o., jane harman, the chairman of our board of trustee's joe guilden horn and members of our senior staff, to attend a memorial service for nancy ann lee, the wife of our former president and c.e.o., lee hamilton, who passed away last month in tragic circumstances. the wilson center community loved nancy dearly. we mourn these extraordinary losses and embrace him and his family at this time of sadness and remembrance. early last year, we convened a meeting in this very room to reflect on an unsuccessful effort led by brazil and turkey in may 2010 to bring iran into compliance with its obligations as a member of the nuclear nonproliferation treaty. the pursuit of an agreement on iran's nuclear program remains a source of great tension at the top of the international agenda. the failed mediation by brazil and turkey was followed by the adoption by the u.n. security council and by individual countries of more economic sanctions against iran. last april, the government of tehran accepted to resume negotiations, this time with the representatives of the five permanent members of the security council plus turkey and germany. four meetings have taken place in switzerland, turkey, and r

c.e.o. fred smith to loosen his grip on the fedex board and to allow an independent chairman who could hold the line on escalating c.e.ono other time in our history, mr. hoffa says, has the labor movement seen so many anti-worker forces working together to take away productions and rights that we have fought so hard to secure. corporations have become too rich and too powerful, and mr. hoffa should know, he stood at the center of the fray since childhood as the only son of legendary j.r. hoffa, the second longest serving president in teamster history. mr. hoffa grew up on the picket lines and union meetings. on his 18th birthday, he received his own union card, mooping his early union jobs, unloading freight from ships, truck driver, bus driver, and heavy equipment operator. in 1966, mr. hoffa earned a law degree from the university of michigan and began a 25-year career as a teamster attorney, representing members and local unions. he was elected president of the union in 1999. on march 19, 2013, mr. hoffa will surpass his father to become the second longest serving general president in the 110-year history of the tea