weekend will be fully honored. >>> all right, also breaking news today, the health of senator christopher dodd, the chairman of the banking committee, according to a newspaper report he is in the early stages of prostate cancer. dodd plans to hold a news conference in a little less than a half hour. the hartford current reports the 5-year-old legislator plans to undergo surgery during the congressional august resells but will run for re-election next year. when that news conference occurs, we'll bring it to you live. >>> several current and former san nation workers in philadelphia claim they were forced to work under segregated conditions. the men allege in a lawsuit that drinking fountains and bathrooms were for white city workers but off limits to black city work irps at the northwest transfer station. they also said the station supervisor, who is white, was to blame for the segregated conditions and that their complaints to the city were ignored. >> there's a water cooler in his office, that he uses, and the whites go in there any time we want to, but we can't go in his office when we want

. >>> senator christopher dodd has prostate cancer. he made the announcement with his wife at his side today. the 65-year-old said doctors had detected the early stages of the cancer. he plans to have surgery in august and plans to be back to work when congress reconvenes in september. >>> get ready to pay fomore for various items in the district. under the plan, the district sales tax would jump up to 6%. the current 20 cents a gallon gas tax would go up by 3.5 cents. a pack of cigarettes will cost you an extra 50 cents. all that is left is the mayor's approval. >>> another black eye for metrobus after a driver was suspended. >> do you think you have seen a lot of president obama? we will tell you how many times he has been in front of the camera. >> honda announces it is an updated all-time favorite: juicy steak layered with zesty chipotle sauce, melted cheese, piled high with only... the toppings you love on freshly baked bread. only at subway. subway. eat fresh. so it's no surprise that we're now serving up... iced tea that's fresh

the beat goes on. >> had christopher dodd made any public statements because feinberg's testimony directly contradicted dodd's denial. >> he hasn't come out yet, but who knows, the day is still young. >> appreciate it. let's go back to the economy. consumer confidence slipping a bit in july, hampered by a difficult job market, second straight month. but other news is very strong on the case-shiller home prices and the richmond fed manufacturing report. joining us to discuss, maria ramirez, mfr president and ceo and michelle girard, rbs senior economist. michelle girard, i want to just put up on the full screen the case-shiller, sequentially prices rose for the month of may. some people are saying it's the first time in three years. others are saying it's the first time since the u.s.-american revolutionary war -- there it is. look at that little guy. what do you make of it? it's got to be some good news, doesn't it? >> it is good news. i certainly think it confirms that we've suspended that prices are beginning to stabilize. i'm not sure we would go so far as to say we're on a rebound. but

. >>> an announcement from connecticut center christopher dodd. the 65-year-old lawmaker says he has been diagnosed with an early stage of prostate cancer, and will undergo surgery early next month. >> first of all, this is a -- this is a very common form of cancer. one out of every six males at some point if they live long enough will be diagnosed with prostate cancer. so i'm very confident that we're going to come out of this well. >> during a news conference, the senator stressed the importance of having those annual physicals, which is how he detected his cancer early. dodd is chairman of the senate banking committee, and is playing a lead role in congress' overhaul of the health care system. >>> 2 your health tonight. medicine on the cutting edge. plastic surgery could be the answer for migraine headaches. doctors say there is surprising hope in the most unlikely of places, the plastic surgeon's office. a discovery a surgeon stumbled on when patient after patient noted that a forehead lift also lifted their migraines. >> what we do is remove

sure enough, take a look at christopher dodd. he took a $500,000 mortgage on washington, d.c. home.ed $58,000 over the life of theç loan. in his connecticut house, he received a similar rate and save $17,000. the second way to do it is not to pay any point on your mortgage. sure enough, he shaved mortgage points on those two. number three, you can get better terms. again, he invested both homes as primary residences. that gives you a certain advantage. there are three ways to get financial advantage if you are powerful and famous, and it appears senator dodd did all of that. he said he did not know he was getting the favorable terms, but the executive says that he did. megyn: how did this executive noted that these senators knew that they were getting these special deals? they have said i tried to get the best deal i could get, i did not know it was a sweetheart deal until thithe press started investigating. now this executive -- i guess this is the loan officer -- said he made it clear to them that this was special treatment? >> we have onlyç seen a tempory viewing of the documen

remarks from barack obama when he came to the senate in 2005 was to sign on to the filibuster with christopher dodd, and that was one of the first things he did, stand in the way of reining in the abuses of fannie mae and freddie mac, and they went in and bought trillions of dollars of mortgage paper, facilitating the unsavory practices and liar loans that turned a minor pickup into the economy into a major recesseion. the president of united states, then in the senate, stood in the way of progress and in the way of regulation of these government-controlled enterprises. and i love what you said today. here is the white board. i checked today. $67.40 billion is all that has been spent today out of the $787 billion stimulus package. that is 8% of the total. if we got the economy growing by spending $67.40 billion, why did we have to appropriate $787 billion? and i keep love in the way they talk about the shovel-ready projects. only 5% of the total amount of spending is devoted to those so- called shovel-ready projects, a pittance, and remember this. they said if you do nothing, unemployment is going

. >>> all right, also waiting, 2:00, a news conference, connecticut senator christopher dodd will talk about a personal health issue. "hartford current" is reporting that it's early stage prostate cancer, and is "reuters" saying he will be fine. we'll watch for that at 2:00 eastern time. the "hartford current" saying he has been diagnosed with early stage prostate cancer. >> wall street, modest up side, but stocks got a big jolt in july. the dow is up 8.38%, just for the month. that makes it the best july since 1989. it is also the best july for the s&p since 1997. and for the nasdaq, july marks the fifth consecutive month of gains for that composite, the longest winning streak since 2003. what does august hold for us? let's talk about that with our "power lunch" task force. the president of dawsonwells management, and chief strategist at sink or swim. welcome, nice to have you here. >> good afternoon. >> let's start with you. we have a modest advance in today's trading session. but, you know, does what happened in july necessarily translate to august?? do you really think that this ma

>>> connecticut senator christopher dodd announced today that he has prostate cancer. the 65-year-old democrat says the disease is in its early stages. he's scheduled to undergo surgery during the senate's august recess. dodd is up for re-election in 2010 and has the illness will not affect those plans. he told reporters during a press conference at his hartford office today that he feels fine. dodd has been working long hours at one of the key players of the effort to overhaul the nation's health care system. >>> new details today in the chandra levy murder case. the man accused of killing levy was in court today and scheduled to go on trial l in january. her remains were found in rock creek park in 2002 a year after she disappeared. before her death, the former intern was romantically linked to california congressman gary condit who is not a suspect. but the demise of his political career is blamed on the case. today guandique's defense attorney says they have a list of ten other possible suspects. they asked for more time to interview those suspects. the judge denie

. >>> senator christopher dodd has been diagnosed with early stage prostate cancer.he 65-year-old says he will have surgery next monday and expects to make a full recovery. >> as a member of congress i have a very good health care plan. my plan allows me to get a paid annual physical and because i have an annual physical i was able to detect this prostate cancer very early. >> reporter: prostate cancer is the most common form of canser in the u.s. aides say it will not affect his plans to seek a sixth term next year. >>> you healed, helped and gave hope. those were the words of michelle obama as she welcomed troops home from the northeast. she was in norfolk where the ussizeen how and the medicalship "the comfort returned home from six months abroad. >> we are standing here among heros, military, civilian, american and foreign. the comfort embodies our values by changing lives around the world. the eisenhower defends our values in the world's most dangerous places. are you the first lady says serving as an advocate for military families is one of her top priorities.

. >>> connecticut senator christopher dodd announced today he has prostate cancer.onference in his hartford office the 65-year-old democrat said the cancer was found six weeks ago and in its early stages and scheduled to have surgery next month during the summer recess. dodd says the prognosis is good. >> i feel fine. i say this is very common. you have to have cancer. i'm told by some doctors this is the slowest growing, the best one to have. >> senator dodd is up for re-election next year and says this illness will not affect those plans. >>> president obama's health care reform initiative took another step towards passage today. on capitol hill, house democrats patched up more differences between them and the key committee quickly began voting. steve handelsman has our report. >> reporter: it is a major advance for president obama's prom toys sign a plan with universal health coverage and lower costs this year. >> so the clerk will call the role. >> reporter: key house committee began voting, approving a compromise by conservatives and liberal democrats. th $1.5

. >>> connecticut's senator christopher dodd has prostate cancer.odd held a news conference in hartford this afternoon where he revealed the news. democratic senator says he was diagnosed about six weeks ago during an annual physical. he says the cancer is in its early stages and his prognosis is good. >> i feel fine. this is very common. if you have to have cancer i'm told by some doctors this is the slowest growing and best one to have and most manageable and say many people have been through it. >> dodd says the cancer diagnosis will not affect his plans to run for re-election next year. he's 65 years old. dodd was first elected to the senate in 1980 and is expected to face a very tough re-election fight. >>> in today's news for your health, one of the manufacturers of the swine flu vaccine says they are on track to produce more than they first expected. the maker of flu mist says they should have five times more of that vaccine than they had planned. flu mist is already used for the seasonal flu and administered as a spray up the nose. the gover

. >> reporter: connecticut democrat christopher dodd argued that thousands of jobs were at stake. >>rom both a manufacturing perspective, a job loss at a time when unemployment rates are skyrocketing, this body is about to lay off anywhere from 25,000 to 90,000 people. >> reporter: mccain recognized that potential employment impact but in arguing against the funding invoked a famous warning from dwight eisenhower. >> i would only add to president eisenhower's farewell address to the nation which is compelling in many ways that it should be changed the words should be changed from military industrial to military industrial congressional complex. what we are seeing here despite the advice and counsel of our president, of our secretary of defense, of our uniformed military with rare exception is a recommendation that we stop with this aircraft and build another. >> reporter: mark thomson. >> the sense of today's vote was if the f-22 proponents had succeeded that that really could have derailed secretary gates's efforts to retool the pentagon in a significant way. this may be the first t

have were that the press conference will be held in a couple of hours in connecticut, where christopher doddto announce that he is suffering from the early stages of prostate cancer, and he has recently been diagnosed. again, a report in the hartford paper that chris dodd of connecticut will announce that he has prostate cancer. if detected early, treatment can be effective and successful. again, if you'll hold a press conference to talk about the coming up in a couple of minutes. harris is down to breaking news desk. what more do we know about this? >> i pulled up the article in the hartford paper and the early stage prostate cancer, they are reporting that they think there's a good chance that they caught this and it should be a very treatable condition. again, he will make this announcement at 6:00 p.m. eastern. but the article is extensive. apparently information has been out there and he felt like he wanted to speak on it. so that is interesting, too, that it can to the point where there was a news conference. rick: we have now confirmed as well that the senator does have prostate cance

. >>> we have some unfortunate news regarding connecticut senator christopher dodd. he announced he has early stage prostate cancer, but the senator is optimistic about his treatment. >> they caught this early. the great thing about the annual physical is if you get an early detection of prostate cancer it's very, very manageable. and so, the good news is i'm going to be back out and doing all the things you have to do in order to represent my state. >> senator dodd says he'll undergo that surgery soon. he was one of many democrat who is sought the presidency in 2008. he's a five-term senator and will continue in what's expected to be a tough bid for re-election next year. we certainly wish him the best. jack cafferty is in new york with "the cafferty file." hi, jack. >>> john, nice to see you. after beers at the white house, sergeant james crowley and professor gates said their talks were productive and plan to meet again. the two men at the center of a brewing national conversation on race met with president obama and vice president biden at a patio table outside t

failure could cause a risk to the economy, witnesses included chairman bair, head of the fdic, christopher dodd of connecticut chairs the banking committee, this is about two 1/2 hours. [inaudible conversations] >> the committee will come to order. bois -- after consultation with my friend and colleague from alabama what we are going to do is i am going to -- we have two items to deal with, obviously the hearing this morning and dealing with systemic risk but we also have a two go into executive concession to consider the extension act of 2009. and we normally leave 12 members here to actually go out of this bill, but i think we will do it and i am going to have a brief sense of remarks about that bill perry brief. senator shelby will make brief comments about its and then as soon as we get the 12 member to show up we will have a vote and a voice of on the bill but in the absence of that will go for it actually with a hearing so we are not wasting time and having people with until the 12 members shows up. we are getting close. three, four, we are still five short. we will be considering as a me

i appreciate the acknowledgement of christopher dodd, but those amendments were largely filled with technicalcorrections. we got to work around the edges. all of the substantial parts of the amendment or on a party-line vote. i hope that between now and the merging of the finance and going to the floor we can correct some of these things. i was hoping for that. i know that there were ideas suggested here, that have been suggested to the finance committee. i think there is a bright future for health care reform in america, it can have parts of the bill but i do want to reform the health-care system to reduce the costs, and i also liked the goal that if you like the insurance you have right now, you can keep it. i think that this meaningfully fails to address these concerns and the american people are paying for a bill that they cannot afford. we added programs and increased the cost, to make it very difficult for the finance committee. we have a chance at the end of that process to come up with a bill that will meet the goal of the president, and so on -- for the reasons i have mentioned, they

i understand there was a theory that says -- this was my fault and christopher dodd, and some others -- the view was i had a secret hold on tom delay that i wish i knew about. [laughter] if i were to made a list that would have deterred him from doing, it would have been a lot larger than simply derivatives. [laughter] but in fact, we had a different viewpoint. there were some that the problem was we were too good to poor people. the problem was a democratic approach that said let's try to help lower-income people. let me be very clear and measured -- utter nonsense. [laughter] the community reinvestment act is what they blame. talk to community bankers, people who run smaller, locally based banks who justifiably object when people announce banks and they get swept then, getting blamed for things that were not guilty of doing. if only financial institutions subject to the community reinvestment act made mortgage loans, we would not be in the crisis we are in today. the overwhelming majority of those were made in institutions not covered by the community reinvestment act. there is not

i understand there was a theory that says -- this was my fault and christopher dodd, and some others -- the view was i had a secret hold on tom delay that i wish i knew about. [laughter] if i were to made a list that would have deterred him from doing, it would have been a lot larger than simply derivatives. [laughter] but in fact, we had a different viewpoint. there were some that the problem was we were too good to poor people. the problem was a democratic approach that said let's try to help lower-income people. let me be very clear and measured -- utter nonsense. [laughter] the community reinvestment act is what they blame. talk to community bankers, people who run smaller, locally based banks who justifiably object when people announce banks and they get swept then, getting blamed for things that were not guilty of doing. if only financial institutions subject to the community reinvestment act made mortgage loans, we would not be in the crisis we are in today. the overwhelming majority of those were made in institutions not covered by the community reinvestment act. there is not