. >> and a lot of others doing poorly, caterpillar. >> but all of these companies are making a lot of money relative to a lot of national economies which aren't doing very well. the real issue is this continual issue of what's going on in europe. every time there's been a problem in europe, concerns about the future of the eu and the european union, there has been a real selloff in equities. we saw in june, saw this in may and we're seeing it now. a lot of ways this brings into motion the fact that we had a very political american debate about our debt ceiling. we live in a very global economy where frankly they don't really care about our debt ceiling, but everyone cares about this global system of finance which is very easily disrupted. >> all right. zachary, thanks very much for coming on. we'll see what happens as the day flushes out and now to the white house where the press secretary has announced a new focus on jobs. president obama will swing through several mid-western states beginning or between august 15th and 17th and that he's looking forward to getting out and talking to

caterpillar's ceo -- >> if you read the headlines, it's been one thing. if you look at our core business and the day-to-day sales and what i hear from customers and distributors around the world, it's steady as she goes. >> reporter: in fact, caterpillar has hired 1,000 americans over the last sick weeks. but the earth apparently isn't moving for everyone. a survey of consumer sentiment taken over the past ten days fell to a 30-year low. no surprise with the record whiplash on wall street. >> i'm worried about all the stocks i've bought that were supposed to be a lot of money. now they're worthless. >> i don't see retirement for us. i think we're going to have a long, long year of working. >> reporter: while a week of chaos may have ended on an up, the uncertainty is unlikely to go away any time soon. so all of that, the topic of conversation here in the nationnatio nation's capital, the president mix with members of congress, talking about jobs, the economy. president trial hear more about those things from average americans when he takes off on a bus to

i bought caterpillar today. shouldn't say that i bought caterpillar. >> full disclosure. >> bill: i bought it. it went down a little bit but i bought it because i believed that that is a good american company that once things change in the country and i believe that will happen, that's going to go up. >> here is what i am saying, he cannot change, he should change, but he won't change. and he will not win the next election. he will be boxed into a corner, that's why the stock market has gone down. that's why you will not see a robust expansion for the american economy any time soon. he is taking the down a road that americans don't want to go on. we are americans. we're not europeans. there is a profound hostility to us looking like them. >> bill: well, that's right. >> you have got to remember that. >> bill: now nothing is going to get done for 16 months. you agree with that. >> i agree. >> bill: republicans will not agree at all. >> you might get a tax rate cut tore corporations so they bring some of the trill

kilometers from the village of mccall square the best way to get around is an all terrain vehicle with caterpillar tracks. the island's main road goes along the beach where traffic is possible between types . of vehicles move along rocky paths long term drop. these islands of the top of an underwater mountain range stretching across the pacific from russia to alaska the commando archipelago includes two large islands bearing and near two smaller islands called the gulf coast and oddly come. they were named after a commander of interest bearing the seafarer who discovered them in seventeen fourteen one born in denmark vetus unison bearing served in the russian fleet he was in charge of geographic expeditions organized by peter the great. betting ship ended up wrecked on this island. the hardships they suffered during the winter define description of high winds bitter cold blizzard and sludge ice. there was an agonizing water just terrible me. saying a possum you came to the commander rollins when he was seventeen years old. since then he's worked as a sailor a fisherman and a hunter. he single hand

recession but we still have growth in some parts of the world and get in there and buy the 3m or the caterpillar, united technologies, some of the pharmaceuticals have been hurt very badly in this market and you can pick up some nice stocks. >> tom: what about corporate bonds and the environment for fixed income on the business side. we know what the situation is with government bonds. what about corporate bonds. >> investors have to have a certain level of sophistication and be able to watch and understand how bonds are rated, the different pricing of bonds. and i think it's difficult, you might be better off as an investor looking at a bond fund with for example a van guard. >> tom: let's get to some viewer questions given the market turmoil. andrea sent us a note, given some are dpeld to sell trade -- what should people do with their fresh cash. >> first of all keep some of your powder dry on this side. that's the first thing that we do. but besides that, you want to take some of these opportunity stocks. i really like, for example, conocophillips, cop is the particular symbol. it's going to

if you're a small manufacturer in the supply chain for an auto producer or caterpillar you're doing very well. in you're in the housing industry, it's terrible. if you're in nonprofessional services or financial services life is bad. we do have big differences there. >> it's so great to check in with you. i am sure we will see you soon. >> thanks. >>> surviving in this uncertain economy has been a constant challenge for so many entrepreneurs. one way small business owners can safeguard their ideas is to protect their intellectual property, a patent, trademark or copyright. today's show is dedicated to demystifying this topic. lolita is no strange tore the word of copyright designs. herred a mice is to copyright everything or risk someone else stealing the idea. >> i was elated. i think i jumped on my bed. i didn't even know -- i knew it was protecting my design and my art. but i just felt so special. it still feels special when i get those certificates in the mail. >> lolita filed her first copyright at just 12 years old for a cartoon character she called doodle bug. she grew up learning

seriously, it's raining money for the microsofts and apples and good years and caterpillars and 3ms for the world. they all set a record for revenue in the last three months. second quarter reports are coming in and so far it's rivers and lakes and oceans of money for the s&p 500. after months of report profits already they are doing better than bore, even better than expected. in the case of oil companies, they are doing a lot better. that's what happens when you can sell your product for a captive audience for high prices, you get richer than before and you started off rich. the news is really, really good for people who own corporations. the news for everybody else, of course, is not so good. we learned today u.s. companies are planning layoffs in a pace not seen since spring of last year. planned layoffs are up 2/3 from the months before and the level a year ago, and while we have been watching government austerity shrink the public job sector now we're seeing layoffs at drug companies and retailers and even when government had been cutting jobs, these had been the sectors providing

let's not forget caterpillar, boeing they sell a lot of goods to europe.y slow, we slow, that's what's happening in the market today. >> they're cheering this morning when they were ringing the bell, but not so many people cheering now when the dow jones is off by 375 points. brian, thank you for keeping an eye on it. >>> hot on the web today guy fox day makes it into google searches. that's the group that promises to take down facebook. it's named for the british catholic who threatened to blow up parliament in 1605. >>> bert earn nee getting a lot of attention for their relationship on "sesame street." now there's an online petition to have the puppets have a gay marriage. they say it could be an opportunity to teach tolerance. "sesame street" is shooting down the idea. they're best friends. not friends with benefits. the show says they have no sexual orientation. really? ernie says rubber ducky's the one. i love that my daughter's part fish. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands

caterpillar profits soared 39%. you cannot argue that the corporations are not making money.epard, a lot of that is because our dollar is so weak. and profits overseas are soaring. that's not going to create jobs in this country. aside from that fact alone, shepard, the ceos of these major corporations are saying not in this environment are they willing to hire. there is too many uncertainties looming about health care and taxes and too much regulation. it's a difficult environment even with those record profits and record amount of cash on balance sheets. it's still they say to hire right now. >> shepard: dollar stronger today against the oil and the yen. commodities a lot cheaper. sandra smith, thanks. congress getting ready for the next round in the battle over raising the nation's debt limit. leaders of both parties have two weeks now to choose these members of this so-called maybe constitutional super committee to recommend the next round of spending cuts. in a new "u.s.a. today" gallup poll more than 40% of americans say they think the debt deal will make the economy wo

she said she ate caterpillars and berries to survive. she is part of a fox watch across america. >> i'm shepard smith. this is the fox report. it's the bottom of the hour. time for the top of the news. the super committee has its first three members. senate majority leader harry reid making his picks for the panel. it will be in charge of finding for spending cuts as part of the deal to raise the nation's debt limit. ed henry live on the north lawn. president obama said that committee should also tackle tax reform. who are the first members? >> you are right. we're reading the tea leaves now the first three members patty murray a senator from washington state. max balk cuss from montana and john kerry, of course from massachusetts. interesting because republicans are jumping on the fact that patty murray heads the democratic senatorial campaign committee the one focused on getting democrats reelected is that a good idea when you are focused on policy supposedly not politics. john kerry, of course, a former presidential candidate. i think

consumers are not spending money and then we had bolling say they were freed damping their 737 and caterpillarck his way ups >> 9:22 a.m. and we will be back in just a few minutes. looks like the clouds are starting to lift at the city down [ male announcer ] sizzler's steak fest! a tri-tip sirloin, and endless salad bar, all for just $10.99. sizzler. thinking fresh every day. los like and has some good news and bad this alert has been cancelled all lanes are now currently open the damage has already condemned traffic coming down southbound 101 it is backing up now into the tunnel it jammed up the commute their it is well past the sierra point parkway i will have more in my next report >> we're following the latest auto libya and one of omar khaddafi son was killed in battle after being shot by rebel forces he died in the hospital from his injuries and was later buried and while libyan leader khaddafi his home town of surt is under siege they're trying to capture him heat khaddafi second wife and children fled to algeria yesterday rebels want his family to be returned so they can stand trial >

. >> i was trying caterpillars and tried a bite of a slug.n't know. it looks tasty but it was not. >> reporter: she had no supplies with her. food was whatever she could find. >> i'm really grateful for everyone's prayers and thoughts. >> reporter: the 28-year-old is lucky to be alive. she was scouting for a campsite when she fell 50 feet into a drainage ditch, breaking her leg in two places. >> i didn't feel the initial pain so i woke up the e xt morning and was like, whoa, where am i? >> reporter: she used her own underwear to stop the bleeding on her leg and chewed holes in her socks to fashion makeshift gloves. >> weird thing that kicked in. survival instinct to utilize everything that i was wearing. >> reporter: just when she was beginning to give up hope, a rescue helicopter spotted her and hoisted her out of the woods. >> i feel much better. and i'm just so thankful that i'm here. >> reporter: three days in the wilderness, she will never forget. for "good morning america," david wright, abc news, los angeles. >> thank you, david. what

. >> reporter: your mom was a caterpillar for many years but look at her now, quite a butterfly. >> whennow. >> i have a lot of life in me and i want to present myself as someone who likes themselves and i just want to enjoy my life and my second half of my life i want it to be more exciting than it was. >> reporter: now, just to be clear, karen joked that she dresses like a cougar. i had to asked if she ever dates those young guys that have a crush on her. no way, i only date age appropriate men. >> a lot of times when moms give birth, you neglect your appearance for ten years then you look in the mirror and see your daughter and you go, she's me 20 years ago. what happened to me? then you give yourself a makeover. >> interesting story. >> i like the girls at this table and i want them dressing in those matching dressss. >> when allie starts wearing matching dresses. >> we'll move on. >>> we all know you can't put a price on true love until you find it. the cost of dates can pile up. this time it's important to stretch the dating dollars so mellody hobson hit the streets with tips that

sign the fear index is going down as well and seeing the biggest gainers, dow, 3m companies and caterpillar. oil fell to 85, 86 dollars yesterday is gaining as well. not good for us that go to the gas station but oil right now up 1.5%. >> so, poppy, continuing along that line of fear factor, people wanting a safe investment, putting their money into bonds. do you think we will see a pullout of that with more people buying stocks today because they are a little bit lower? >> reporter: i think so. we are seeing it right now. look. this big sellout that was into the close of yesterday was key because of the timing of it. it was coming right before the jobs report this morning and, remember, the trauma that investors went through last month when the jobs report was so much worse than expected. today, it was so much better than expected. 117,000 jobs added in the month of july, a revision upwards. 46,000 jobs added in june and exactly the encouragement investors across the globe needed. prices are lower. when you lose that off the dow stocks are cheaper so you will buy and putting the money to w

caterpillar, john deere. we need people to buy those tractors. we need to sell more than we do right now. without a global economy, we will not survive. i do agree that there has not been enough attention to rebuilding the american infrastructure, the american work face, the american economy, and that has to be the heart and focus of what we're doing. for the 1% of the budget, it goes to foreign assistance, we can do two or three things that can help us with the economy. we can help build the infrastructure of companies and countries that will then grow and buy things from the united states, and that is beginning to happen in africa and asia where these countries have become much stronger and they are buying these airplanes and farm equipment. america has always been a leader in helping the rest of the world survived with disease and hunger. we are the moral course of the world. that does not mean we have to take on the total responsibility ourselves. i am not arguing for 5% or 10% of the budget. but 1% augments american power in our ability to i

. >> trying caterpillars. i like tried a bite of a slug. i don't know.just like -- it was like plump and juicy. i don't know. it looked really tasty, but it was not tasty. >> reporter: barely eating but still hopeful she says she passed the days thinking about people in her life. >> i had a lot of like people's faces in my head that i loved and just like kind of my life was like on rewind. >> reporter: then the big break came on day four. >> helicopters spotted somebody in the middle of the creek on a rock waving. >> reporter: a helicopter could see salant and she was fairly sure she could see them. >> i was like hyper ventilating. like like i can't believe it's c real. > reporter: broken leg and1: fractured back, doctors say salant will make a full recovery. a young woman who survived because she refused to give up. >> i didn't realize i had that in me. i definitely surprised myself. >> reporter: for "today," miguel almaguer, nbc news. >> you always ask yourself a cc endure?, what can i1: she found out. she's strong. >> we're all actuall lly strong than