or governmentalthe us government owns 10% of chrysler.. and 61% of generaland we asked taxpayers about the back in full... and most people we talked to said it's the price that had to be paid... in order to save part of our economy. i see a lot of money as a taxpayer being wasted in a lot auto industry at least is being put in palce where it might save of it thinking about all money wasting.. it's about time spending money in america.. bailing companies out.. i's the lesser of 2 evils.. either let it fail.. or take bad shot.. whatever you lose.. you lose.. lettign it all go would have been worse than what we'rewe also came across one woman who said.. losing the bailout money pales in comparison towhat bothers me is that every person in this country.. doesn't have health care.. that's the only thing that bothers me.. .. so it doesn't bother you that you we may not recover bailout money? no why not? i won't be around to see it this thursday, the congressional oversight panel will hold a hearing on this issue - questioning treasury secretary

. >>> chrysler, will it mean new models in america.next. >>> what does the future hold for chrysler? the ceo will soon detail the turn-around plan to the auto task force. phil has a closer look at what might be in it. hi, phil. >> hi, erin. it's not what might be in it, but it will be in it. essentially this is all about putting together a game plan, and that is one he outlined first for the chrysler board on friday. he's going to be meeting with the auto task force this week. briefing them about what the plan is over the next five years, for turning around chrysler. by the way, this is sergio at the frankfurt auto show a couple of weeks ago. the strategy is all about cranking out the fuel-efficient vehicles as quickly as possible. chrysler has always skewed for its trucks and suvs. that's what killed it when the gas prices soared last time around. so this time the turn-around plan is going to be focusing on the fuel-efficient models, the "a" and "b" segment, "a" like a mini cooper would be an "a" model. they'll bring over the fiat. re

a big week for chrysler ceo after briefing the chrysler board about his five-year turn around plan for the automaker. now he's going to brief the president's auto task force. what's in his brief organize what to expect. >>> the bulls are back in charge today. stocks are on track for a seventh straight monthly gain. the dow was on track for its best quarter in more than ten year. mary thompson kicks it off at the new york stock exchange. s is it all the deals? >> the dow jones industrial average of 138 points. today is the best day for the market in just about a month as the markets recover from a three-day slide. broad based rally today. advancers out pacing sliders by a margin of five to one. there are a couple of things today we're watching. of course, it's a merger monday. a lot of deals providing support to the market. we've seen some dollar weakness. that, too, has helped to drive stox higher. also third-quart erwin doe dressing happening as well. xerox buying aw ing awaing awai computer. abot labs buying solvay. moving higher on that news. going to give it an important cholestero

. >>> chrysler will begin leasing cars again starting today in an effort to boost sales.ll 2010 chrysler, dodge and jeep models will be eligible and some special deals on select vehicles will be available through the end of the month. leases could make cars affordable for most people. chrysler stopped offering them last august when financial markets collapsed. >>> toyota is planning a billion-dollar marketing blitz to boost sales in the u.s. over the final three months of the year. the big budget will go towards advertising, subsidizing leases and loan rates and other incentives. toyota is also considering expanding its line of hybrid cars under the prius name. >>> clothing retailer abercrombie and fitch is suing beyonce over the name of her new fragrance. the company is trying to stop her from using the name sasha fierce, beyonce's alter ego. abercrombie says it owns the trademark for its men's fragrance. but a statement from the perfume maker says the word won't be used when it launches next year. >>> and that is your "moneyscope report." i'm vinita nair. >>> 6:25. we'r

chrysler and gm, yes, they are financial institutions. at&t and american airlines are not, so is there any additional clarity? one of the things that markets demand is clarity of public policy. who will be bailed out, who will not bail out? i again ask you for some clarity on what is a financial institution? >> congressmen, i don't think we are going to be able to take@@@ i do not think he can read the statute today. you cannot justify it beyond the scope of the actions taken this context. >> the legal interpretation of the steps to -- of the statute is the change in a couple of months. -- does not change in a couple of months. >> you have to pass to test to meet this authority. one is, does the law give us the authority to act? the other is, are this actions necessary and prudent in the interest of fixing this mess. mass, restored to financial stability? it is not the simple test -- >> forgive me because our time is constrained. leaving the question of the definition of a financial institution, there are roughly six or eight major progra

chrysler was looking out his window from his nearly completed chrysler building in shock and awe as hised. >> mason: the empire state rose at the astounding rate of four-and-a-half floors per week. through the years it survived king congress and the crash of a b-25 bomber on a foggy day in 1945. today at 1250 feet, the empire state is only the 14th tallest building in the world. but its owners hope to maintain its high profile by upgrading the building and, of course, getting rid of that ugly drop ceiling from the 1960s. >> there were little bits of original color and stars that shown through the white paint that had been used to obscure the original mural. >> mason: all that paint made restoration impossible, but with the aid of photos those lost murals were rebuilt from scratch. it took two full years, longer than it took to construct the entire building. one more vista for sight seeers to marvel at on their way to the top of the town. >> mason: ahead, a visit to >> anthony: we all know the animated characters of walt disney's world but what about that far more elusive character, walt

chrysler and gm, yes, they are financial institutions. at&t and american airlines are not, so is there any additional clarity? one of the things that markets demand is clarity of public policy. who will be bailed out, who will not bail out? i again ask you for some clarity on what is a financial institution? >> congressmen, i don't think we are going to be able to take this further. i do not believe you can read this statute today. things might be different in the future. i don't think you can read the statute today to justify action beyond the scope of the actions we have taken in this context. >> i am personally hoping that the legal interpretation of a statute does not change in the passing of a handful of months. >> we have to pass two tests to use this authority. does the law gives us the authority to act proved the other is, are those actions necessary and prudent in the interest of fixing this mass, restored to financial stability? it is not the simple test -- >> forgive me because our time is constrained. leaving the question of t

. >> we just finished our report, chrysler and gm insolvent, aig insolvent. they have secured creditors and employees and all took big hair cuts. aig had people hold their credit defaults swaps. we took no hair cut at all. they give us money from the federal government, 100 cents on the dollar, and i have to understand what they are different from one another. >> that is the tragic failure, because we did not have the legal capacity to manage the orderly unwinding of a large, complex financial institution. we do have a capacity for small banks and thrifts, but not aig, said that forces us to do things that we would not normally do. we would have done in a second if he could have done that, but in deciding that, we would have presented the risk of further systemic damage to a fragile system. by preventing default, we help them meet the immediate obligations, not just for insurance protection, but for broad counterparties. that is the consequence of that. and if you think through what happens when you let the default happen, you can look at the wake of the trau

and the uaw ends up with 55% of chrysler. they end up with 17.5% of gm. when you talk about the success of your administration in stabilizing the fanl markinanci markets, i'm just very concerned when senior secured bondholders are treated less equally than those who are unsecured and equally unsecured creditors still we see the uaw receives preferential treatment. warren buffett, perhaps the most famous investor in america, said, quote, if priorities don't mean anything, that's going to disrupt lending practices. abandoning that principle would have a whole lot of consequences. "the wall street journal," some would say, i guess, the investor journal, wrote an op-ed back in may, quote, by stepping over the bright line by the rule of law and the arbitrary behavior of men, president obama may have create 1,000 new failing businesses. that is businesses that might have received financing before but now will not since lenders face the potential of future government confiscation. "investors base daily" this undermines the reason for accepting a bond at all. acc

so what i hear is chrysler and gm, yes, are financial institutions. at&t, american airlines happen to be two dallas-based companies are not, so is there any additional clarity, and i believe one of the things the markets continue to demand is clarity of public policy? who will you bail out, who will you not bail out? and so i again ask you for ome clarity on what is a financial institution. >> congressman, i don't, i don't think we're going to be able to take this further. but i want to revise slightly how i responded to your question about at&t and american airlines. i do not believe you can read the statute today. now, things might be with different in the -- might be different in the future, but i don't think you can read the statute today to justify action beyond the scope of the actions we've taken in this context. >> well, i personally hope, mr. secretary, that the legal interpretation o a statute doesn't change with the passage of a handful of months n. the remaining time i have -- >> no, no, that's clear in the sense that we have to pass two t

>> general motors rip add page from chrysler's playbook, if you remember, maybe you don't, some of usack when in chrysler's first bankruptcy, lie iacocca did the ads win hi he appeared and said if you find a better car, buy it. general motors added the try our car, if you don't like it bring it back kind of thing. >> okay. so if they are pitching that they are the best car out there, are they? >> some segments general motors is. they have some terrific new products coming out. this fall. and so they have got to get people in the seats and try them out so they can close that gap of the perception. so they need to get people to try their cars. >> this is a money-back guarantee, no strings attached program. here are the requirements for bringing the car back. buyers can return the car, it must be made between 31 and 60 days after purchase so get to drive it a month before you turn it in. after the purchase the vehicle must have fewer than 4,000 miles and the owner must have made the down payment, first month payment and presumably the second month on time. how do you look at this overall

witnesses say another vehicle, a lack chrysler -- black chrysler or a black cadillac followed that hersay see -- key -- mercedes. they want you on the lookout for that as well. >> all right, thank you for. that >>> now to another grim discovery in prince george's county. the body of the man found behind the lutheran school in landover hills. police say an employee at the church saw the body on the playground. we do know know the man's name. police are treating this as a homicide. >>> 9news now continues to follow an fbi investigation into the dc taxicab industry. jim graham denies that he's a tart of the probe. his chief of staff has been arrested and charged with accepting a pwraoeufpblt tonight, bruce johnson -- accepting bribes, tonight, produce johnson looking at this. and they require that those are left to pie medallions. >> reporter: the independent cab drivers were nearly unanimous in their medallions. >> it costs too much. it's a money-making schemes. >> it's what drives the cab industry in new york city. they decide on a number of cabs allowed to work the streets and then cha

chrysler stopped leasing cars more than a year ago. but now it's offering special low rate deals on many of its vehicles. chrysler is looking to reverse its 9% drop in sales since the beginning of the year. meanwhile, toyota is planning a huge marketing blitz in the united states. the company plans to spend $1 billion in marketing in the last quarter of the year, a dramatic jump from its typical budget. the automaker is looking to capitalize. it's dominated the market for hybrids since 200. toyota reported a 2.6% rise in sales last month, aided by the cash for clunkers program. ross. >> in ireland, banking shares are higher today after the government has unveiled details of its biggest ever financial bailout. the finance minister says the state will pay $79 billion to take over toxic loans. there has been some criticism from particularly trade unions and others who believe that they're overpaying. >> well, ross, the metallurgical corporation of china price today hong kong portion of its ipo at the lower end at 6 hong kong dollars, 35 c

particularly for chrysler. chrysler's residual values are lower than they have been.better, but not as good as the best. some of these leases are going to have to be subsidized by the manufactures. >> you agree? >> the general trend of used car prices has been up the first eight months of the year according to data, and that's important to making the residual forecast that you have. things are likely to be better in pricing at the end of the lease rather than worse, because there's 5 million unit shortage of used cars in there. so the timing is very smart on this for automakers in general to offer more leasing. >> so the automakers have been burned repeatedly in the past on residual value. seems to me they're going to be very conservative and the leases might not be great deals. >> you should always price the lease against the purchase. interest rates are low. >> a lot of people don't do that. most people just say, what's the monthly and make their decision based on that. >> every time i get a chance, i

they are not happy but again, if you counter-factualize it and would you have preferred we let chrysler liquidate into chapter 7, would you have preferred we just have gm and thousands of auto parts suppliers go under and -- potential 10% unemployment? the problem is it is hard to counter -- it is hard to answer that if he says look, what was our alternative without perfect information, we did what we had to do. >> you know, it is interesting because it looks like just taking a small piece of this that the auto bailout probably is not going to be repaid, looking at, you know, half of the $10.5 billion owed by chrysler, he has $50 billion that went into gm and not likely we will recoup the costs. shouldn't we as taxpayers be upset about that? >> yeah. shouldn't you as taxpayer it is government had a poll and voted said look, we want to invest $80 billion, would have you plunged it into chrysler and general motors? it was not the free-will and at-will very many. >> you do think tim geithner can do anything to assuage the concerns of the lawmakers grilling him now? >> no. law make verse to

chrysler is meeting to review the five-year plan to revamp the product line.they plan to rehire some laried workers and ask others to put in overtime to get new models on the road. ford is ramping up production in china. they are spending nearly 5 $20 million to build a third assembly plant there. they will make the next ford focused car. tickets to the michael jackson documentary does not go on sale until sunday, but fans are already lining up to buy them. 3000 tickets for the october 22 show will become available. the nationwide release will be the next day. the first swine flu vaccine could be ready next week. how should parents prepare their children for the shot? and that is your "money scope" report. i am vinita nair. >>> 6:20 on this friday. we have a rainy 66 degrees. >> the first lady. we will have that story and others. >> you heard mackenzie phillips 's shocking revelation. now she is back for their reaction. take a minute to join our oprah fan club. >>> michelle obama is blank hostess in pittsburgh. >> there is a new way to pay your taxicab fare. w

after all, we are now equity investors in gm and chrysler.t depends on how they do in the months and years to come. gm and chrysler currently are private but they are expected to issue public stop offering next year. just a few months ago gm was a dow stock. right now i'm looking at the dow industrials. this is your reward. they're higher. it looks like our investments in the auto sector in this particular case may not pay off. >> all right. darn. thanks so much. appreciate it. >>> let's talk about the skin care industry in india where business is booming but it's not just women driving up sales. lots of men are grabbing products off the shelves. they think they can do much more than just improve their skin. >> reporter: this television commercial is sending out a not so subtle message to men in asia. one actor says i'm unlucky because of my face. not because of your face, because of the color of your face the other says. then he throws him a skin whitening cream. you get it just like that referring to the girl they were staring at and after

so what i hear is chrysler and gm, yes, are financial institutions.en to be two dallas-based companies, are not, so is there any additional clarity, and i believe one of the things the markets continue to demand is clarity of public policy, who will you bail out? who will you not bail out? and so i again ask you for some clarity on what is a financial institution? >> congressman, i don't think we're going to be able to take this further. i want to revise slightly how i responded to your question about at&t and american airlines. i think i would say it slightly differently. i do not believe you can read the statute today, now things might be different in the future, but i don't think you can read the statute today to justify action beyond the scope of the actions we've taken in this context. >> i personally hope, mr. secretary, that the legal interpretation of a statute doesn't change with the passage of a handful of months. in the remaining time i have -- >> no, no. that's quite right in the sense we have to pass two tests to use this authority. one t

the fiat ceo, fiat took over chrysler and they say that chrysler's condition was way worse than theyan for november. there's still a lot of challenges ahead for ford and gm -- i'm sorry, for gm and chrysler. ford did not file bankruptcy. so we'll wait and see post-clunkers what the landscape's going to look like for these automakers. but i think you can expect to see some incentives. 60-day money back guarantee for gm. it's still a buyer's market if you've got the money and confidence. >> if you have the money and confidence to drive a minivan, t.j., now's the time to act. >> i have neither the money, nor the confidence. >> nor the taste. >> people are expecting deals. they're expecting cash for the house, expecting cash for the cars. >> it's true. and some would say you need demand to come back at a normal level not to have these incentives to spur demand, but people are a little nervous and justifiably nervous with their money so takes something to get people to open their wallet. >> christine romans, appreciate it as always. >> we'll take a quick break and when we come back we'll

what i hear is that chrysler and gm are institutions.re not, so is there any additional clarity? i believe one of the things the market demands is clarity of public policy. who will you bail out and who will you not bail out? i asked you for some clarity on what is a financial institution. congressmen, i don't think we are going to be able to take this further. i do not believe you can read this statute today. things might be different in the future. i don't think you can read the statute today to justify action beyond the scope of the actions we have taken in this context. >> i am personally hoping that the legal interpretation of a statute does not change in the passing of a handful of months. >> we have to pass two tests to use this authority. does the law gives us the authority to act proved the other is, are those actions necessary and prudent in the interest of fixing this mass, restored to financial stability? it is not the simple test -- >> forgive me because our time is constrained. leaving the question of the definition of a fi

police are looking for a chrysler with the front spoiler torn off. >>> 11:16. we now know what made joe wilson so hungry that he heckled president obama the other night. coming up, the latest on the fallout from his actions. >>> and supply numbers of the swine flu vaccine. things could be better than expected. >>> and then a runner suspected of b >>> good morning. welcome back. tomorrow the president hits the road again to build support for his health care reform plans. he will be in minnesota as he tries to move beyond the breach in decore am during his speech. joe wilson apologized during the address with his outburst. and now kimberly joins us live in the studio. >> the president and house speaker indicating they would like to refocus on the important matter of health care reform, but congressman wilson is widing a wave of criticism and paul lay -- popularity for this interruption. that was joe wilson getting a lot of attention for those two words "you lie," reacting to a omise that the president made that illegal immigrants would not drain the coverage in t

meanwhile, gmac is bringing leasing back to chrysler. slowly, the industry has been returning to leasing with better rates than we saw before the meltdown last year. how much will this help business at chrysler and frankly at the other auto makers that have also brought back leasing? the expectations are modest at this point. most believe the leasing business, which has remained relatively steady since automakers pulled it off the board last year, that business is likely to stay at about the same pace. still, it's one more indication the automakers are moving back to northerlized business. back to you. >>> the car business may be beating the street. coming up, folks, the greatest story never told. there is no september swoon. the market is creeping up, seemingly a little bit each day, which is just fine with me. you know what, the hedge fund guys, the few kuhle fund guys, all the guys missed this rally, the summer rally. don't go away. >>> whatever happened to the september swoon? what's hot, matt? >> thanks, larry. another day, another

what do you think killed gm and chrysler. part of it was the health care expenditures that they could not match. >> what do we do about that? >> tell you what you do about it. a couple of things. first of all, whenever the finance committee proposal has by and large gotten the blessing from the congressional budget office that it would not add to the deficit, and secondly, that it has elements within it, including the kerry plan to attack high-value insurance plans that the cbo believes would have the effect of bending the cost curve in the long run. >> but john harwood, the state of very significant tax increases, including the so-called high value business insurance plans that big labor may imimpose. what's the economic impact? >> one would be bending the cost curve. the second thing is some of those businesses would not like it, would get hit. you may have some democrats, juk schumer in new york seeing some of his high cost insurance beneficiaries. firefighters and police department and many in the financial industry would

aig, gm chrysler. let me throw fannie and freddie in. we will never be bailed out and paid back on fannie and freddie. i've got the post office, i've got all this t.a.r.p. money. you're mentioning medicare. medicare is probably $30 trillion or $40 trillion in the hole. that's an agreed upon number. and now we're going to have some massive government takeover, whether it's called a government insurance company or whether it's called a government-backed option. steve moore, there's a generic lesson here and i want you to stel spel it out. this is bailout nation. this is the never-ending nightmare of government spending and borrowing. >> it is. and i like the way you connect the dots there, larry. it is true. if you look at all of these industries that are run by government, whether it's the education system, where costs are out of control and quality is going down, whether it's the postal service that cannot pay its bills and now needs a bailout. whether it's medicare. i mean, can you show me a single government program that works? you kee

given to gm and chrysler last year likely is not to be repaid.he chair elizabeth warren, coming up 45 minutes away. >>> investors are feasting on a new test result for a promising experimental diet pill. mike huckman is here with those details. >> against the backdrop of the health care reform effort, vivus is out with news that could help to cut a huge burden, centers for disease control estimates obesity costs $150 billion a year to treat in this country. vivus says patients on its new drug dropped 15% of their body weight, about twice the weight loss seen so far in big studies done by two other small companies, arena in the final stages of developing diet pills. the so-called good fen from the infamous fen-fen phase. companies say the most common side effects were altered taste, dry mouth, constipation, but no heart trouble. one of the nation's leading obesity experts is somewhat uncharacteristically effusive about it. >> this is very significant weight loss. this is weight loss that approaches the kind of weight loss i think that everybody ha

chrysler's board of directors is meeting today to review the ceoest five-year plan to revamp the automakersroduct line. he will ask others to put in overtime to get new models on the road by 2011. ford is wrapping up production in china to meet a demand in a fast-growing market. they are spending half a billion to build the third assembly plan there. tickets to the michael jackson documentary don't go on sale until sunday but fans are lightening up to buy them. dozens of people in downtown los angeles were among the first to lineup. 3,000 tickets for the october 27th show will be available. it is the only early screening before the nationwide release the next day. coming up on good morning, the first swine flu vaccine could be ready next week. how should parents prepare their kids for the shot? that's on "good morning america." that's your money scope report. >>> good morning. wakeup window at the bottom of the screen looks gloomy. for those of you waiting for autumn it is coming in with temperatures on the way down. winds shifted to the northeast. we have rain this morning. we'll turn part

remember, he said the people that wanted their money out of chrysler were the speculators and they refused to sacrifice. at the bottom line, you look through his cabinet, he doesn't have one person in his cabinet who has ever hired or fired workers, who is an entrepreneur, that is a business person. they are academic and politicians who understand nothing about business and they hate business to be quite frankly. brenda: mark, gary b is saying the president shouldn't be apologizing for america's way of life but you think there -- >> i don't think he is poll synchronization. i think he is making an observation and people can see you don't need president obama to see global capitalism is having problems. you don't have to look at a press conference to know the poorest people are suffering. you look at universal healthcare, lack of living wages, sweatshop labor. this is an extension of wealth build. so people are not critiquing capitalism. they are critiquing unfetterred capitalism. brenda: we could look at the successfully run communist countries. >> but the most successful just pure math sy

it was a chrysler germanar. th built that in the middle 196's. i managed to procure one of those. tavis: i am laughing now thinking abouthat your mom saito yo. now the show is called "the jay leno show. >> m big shot h to have his na onverything. my father would say, the letters are not g enough. my parents would come toegas. whenever uare in vegas they have the beautif spread in th dressing room with liquors a wines and put out cheesesnd all kindsf stuff. i am playing in massachusetts in the auditorium. i am backstage a you are essentially in the locker room. there are a couple of sodas. you know, m boy playsvegas. th put a spread out. that, you are not my manager. i will take --ad, you are not my manager. i will te care of thi tavis: "e jay leno show close " :00,tarting september 14. just in case you need one more reason to tune into this for show on september 14, here it is. th musical lineup y-, kanye, and riyadh up -- rihanna together. up next, a producer lksbout "playing for change " " mark johnson is a gmmy-winning producer and enginr that was the dring force behind a uniqu

the second worst the chrysler sebring, cars.com calls it uncomfortable and haphazard. the third worst the jeep compass, it is called soft. >>> the political debate rages on, was it a lack of sift or calling out the president on an issue? congressman joe wilson is taking his message to the web this morning. in five minutes what he is saying. right now a focus on virginia's weather and traffic, let's start with howard. >> good morning, virginia. you know we are seeing rain in virginia near washington but for the rest of r ouvirginia suburbs not in. g goon t oulemeingo. ong let me show you live ppdoler is t weitis wet in maryland and wet across fairfax county inside the beltway where we are 395 hit hard. in towards faulk near county and points west and south it is quiet there lowden county and down near woodbridge. culpepper 72 not much rain, maybe even sun later on but up north winchester over toward the district you are going to see a better chance for showers with temperatures upper 60s to around 70. angie goff we have some wet streets in virginia how is that effecting

the chrysler thing was not necessarily about regulation or not. that was very much about bankruptcy and the rule of contracts and law. it's not -- i am a small government guy. i'm a university of chicago ph.d. i believe we're not allowed to like regulation as a rule, but it doesn't mean every regulation is bad. i think a thoughtful thinking through makes some sense, but there are a bunch of things that do scare me. there's been talk recently of so-called tax on every transaction. i think that would be a disaster for market liquidity. i'm cynical about systemic risk regulator only because i think anyone who could do that should be making about $12 billion a year because it means you know bubbles are coming. so while regulation can be improved, particularly at the nitty grit ni level, i still do think capitalism is the golden goose. i think we have a risk of maybe not killing it, but maybe thinning it up a bit. >> what about the position some people take that certain kinds of derivative contracts that are now traded off market ought to be brought on

it is not just big companies like gm and chrysler going bankrupt. there are little companies, middle sized companies all over this country that are finding it hard to compete and we need to do something about that. during the recess, when we have listening sessions, town hall meetings, one of my sessions i had a guy is said to me, we have a bet -- the best health care coverage in the world. and i said, no sir, we do not. we pay more for health care than any other nation on earth can we do not get better outcome. in thousand people are going to wake up without health care coverage. -- like the senator said, 14,000 people who have held got coverage today will go to bed without a. we've got companies going bankrupt, unable to compete in the world today. instead of trying to figure out what to do about it, around here we get caught up in in inflammatory issues that do not contribute much to reining in health-care costs and extending coverage to people who do not have it. making us competitive in the world. a government takeover, i am not interested in t

chrysler lost business because it ran out of fuel efficient cars and low inventory was a problem for general motors. >>> and we were going to do this story yesterday, but well, you know, we put it off. today is national fight procrastination day. it helps people get organized and get motivated. michelle? >> karen brown here in new york, thanks. >>> and just ahead on the morning news, ramping up the fight against h1n1 as kids return to school. >>> plus, the greatest muhammad ali gets in touch with his irish roots. >>> plus, harry smith has a preview of cbs evening news. >>> according to experts 3 out of 10 people lie on their resumes, but a growing number of employers are trying to catch would be employees who stretch the truth. versus 100 in the other leading brand and a taste you'll find... [sluuurrrrpppp!] irresistible. light & fit. great taste, fewer calories. ...that only lasts four to six hours? i discovered claritin has a new 12-hour. it works all day, so i can make it to the top. (announcer) introducing the only non-drowsy 12-hour allergy medicine. new claritin 12-hour. live c

sales at chrysler also fell, off 15%. cash for clunkers accelerated dealership activity for toyota; its sales jumped 6%. ed sheehy, president of southeast toyota distributors, sees that momentum continuing. >> because of pre-clunker momentum and now clunker surge, production has picked up, so dealer shelves will be restocked in coming months. so while we may anticipate that september may get off to a lower-than-average start, by mid-month and then going into october and the end of the year, sales rates will be, i would say, in excess of what they were in the same period last year. >> susie: sheehy predicts sales will pick up down the road as consumers deal with what he calls a "new normalcy." he says americans think the worst is over for the economy. >> paul: and according to another measure of the economy, he may be right. pending home sales rose to their highest level in two years in july. they were helped along by that first-time home buyer tax credit. the national association of realtors' index of signed sales contrac

and chrysler. is he the right man to create manufacturing job? >> well, remember, these are good manufacturing jobs. good means union. if you look at the studies, there are five different studies ooh throughout the united kingdom and britain, no, he is not the guy. you have a job structure that is usually 20 to 30% higher in cost. every time you have that where there is labor available in other parts of the world 25% less, jobs go there. mexico is my favorite one. there it costs $900 to take a container off in long beach. it is $250 in mexico. guess what? there is a gigantic move of containers going to mexico. >> is he going to help create manufacturing jobs? >> absolutely bloom will be, but two points to the point there. first off, this is a guy who has worked for fortune 500 companies and labor unions. he has done restructuring deals from the cars this past year to steel in 2000 that involved bringing labor and corporations to the table and asking for sacrifices from both and earning the respect of both parties. that's what it is going to take

they've won 3 times. 5 will get them that brand-new chrysler, and now let's see if we have-- ah, lookt i have right here. it's the "family feud" video game, 2010 edition. it's available for wii, nintendo ds, pc, or mac, and it's rated "e" for everyone. you'll have a lot of fun with it. we'll see you next time on the "feud." i'm john o'hurley saying good-bye for now. announcer: all contestants receive the "family feud" 2010 video game, now available on wii, nintendo ds, and pc/mac. [captioning made possible by fremantle media] [captioned by the national captioning institute --www.ncicap.org--] guys remember, we're a solar system. mars is down...and... um, it's only 10am. who hasn't had their jimmy dean breakfast this morning? mmmm! now lets orbit i feel awesome. you're all awesome. jimmy dean breakfast sandwiches, fight the morning fade. announcer: it's time to play "family feud." returning for their second day, it's the villanueva family

you've got chrysler and fiat teaming up. here today we've got news that gm announcing magna international of canada and the russian lender will take a majority stake in the open al unit. what does the competitive landscape look like to you? do you feel you're competing with the u.s. government given they own 80% of gm? >> yes, they have an ownership structure. all we can do, and this is something we talk about all the time internally, is to continue to bring great products to the market, which by the way you've seen our market shares going up every single month. we love the fact that our products are being well received all around the world. i love where we are competitively. i think we're in a very strong competitive position. frankly, what our competitors are doing or not doing is something that we can't control, but what we can control is our own destiny. and i feel great about where we're headed. >> and you've got a lot of people on your heels, hoping to get a piece of that market share. you've got the chinese coming. yo

. >>> chrysler is getting back into the leasing game. starting tomorrow, the car company will offer leases on all 2010 model chrysler, jeep, and dodge vehicles. >>> that is cnbc.com "news now." news now. first in business worldwide. i'm scott cohn. "fast money" with melissa lee and the "fast money" traders starts right now. >>> live from the nasdaq marketsite, this is "fast money." i'm melissa lee. the stock market continues to defy all critics. these traders have got your winning plays. also tonight gold at a record high. we've got a new way to play it. plus pete najarian with the trade behind the next boom on wall street. but first let's get to the word on the street. on the nyse the most -- new high since october 2007. guy, you have been a critic all the way up. every point high yer -- >> i'll say it again tonight and i'm r-o-n-g wrong. where were you today for lunch? >> for lunch? >> please say it quick. >> i was at the cable facts awards luncheon. >> where you were nominated for? >> best host news for "options action." >> somebody s

but general motors and chrysler sales were down by 15% to 20%. both were hurt by a shortage of smaller, fuel-efficient vehicles. toyota and honda had some of the top selling cars under the clunkers program. their overall sales were up for august. in iran, the government announced it has an updated nuclear proposal. the top nuclear negotiator called for new talks with the five permanent members of the u.n. security council-- the so- called p-5-- plus germany. but in washington, state department spokesman ian kelly said there's been nothing official from iran. >> we're prepared to respond to a... some kind of meaningful response but not going to respond to something that is made through the media. the offer of the p-5-plus-1 remains on the table. >> lehrer: iran has been offered economic incentives to give up its nuclear effort. the u.s. has given iran until the end of september to agree to new talks or risk tougher sanctions. thousands of people on mexico's west coast were ordered to evacuate today ahead of hurricane jimena. the storm was set to h

he then fitted the boat over a white 1994 chrysler baron convertible. >> looked like captain chesapeake> yeah. >> it's la boata? >> yes. >> what's the weather and them we'll start the 6:00 news. >> the demonstration was fantastic. >>> doing with that the number nine on your fingers. we're going to show you how to multiply if you go to my blog later on at abc2news.com. weatherwise today our forecast high 73 degrees. actually accounts for the chance of some rain, maybe showers, better chance of rain trying to develop this afternoon. a breeze gusting over 20 miles per hour. 66 tomorrow. then we'll aim for the 80s by the weekend. stay with us. more after this. 

and they're on their way maybe to winning a brand-new chrysler.ht now--oh, thank you, my dear--that's beautiful to give me this. you can face off at home with the new "family feud" video game 2010 edition. this is available on wii. nintendo ds pc or mac. and it's rated "e" for "everyone." we'll see you next time on the "feud." i'm john o'hurley saying good-bye for now. [captioning made possible by fremantle media] [captioned by the national captioning institute --www.ncicap.org--] announcer: it's time to play "family feud"! returning for their fifth and final day, it's the sanders family, playing against the villanueva family! and now here's your host, john o'hurley!

asset relief program the congressional oversight panel says most of the $23 billion given to gm and chrysler late last year unlikely to be repaired economists say shares of both companies would have to appreciate at unpress debted levels for the company to recover its investment. >>> for apple lovers, they are set to announce the latest product. analysts betting it will be a completely new i-pod, maybe beatles on i-tunes but it's not known just yet whether mastermind steve jobs are going to be on hand for the rock 'n' roll themed announcement but may show up to show off the latest upgrades, coming up this morning at 10:00. >>> "2 your health qsh qsh, fall is in the air, so are allergies. main cause of fall allergies, ragweed. other culprits include mold spores which are airborne this time of year, and with damp piles of leaves, you can the mole spores and dust mites as well. they get fired up when you put on the furnace. experts say stay indoors, keep windows closed and before you turn on the heater have your ducts cleaned. if you rake leaves, wear a mask and avoid inhaling mold spores. >>>

chrysler was down 15%. gm was down 20% from last year, even with the clunkers incentive. people bought toyotas as part of the cash for clunkers program. toyota saw a 6. 5% rise in all. the rally has gone too far, too fast, sold off some of them. the dough finished down 186 points. we'll take a break and continue from southern california. what happened today that could improve your peace of mind, right around dinner time. everything changed. i didn't know what to do. right about then, our doctor mentioned the exelon patch. he said it releases medicine continuously for 24 hours. he said it could help with her cognition which includes things like memory, reasoning, communicating and understanding. (announcer) the most common side effects of exelon patch are nausea, vomiting and diarrhea. the likelihood and severity of these side effects may increase as the dose increases. patients may experience loss of appetite or weight. patients who weigh less than 110 pounds may experience more side effects. people at risk for stomach ulcers or who take certain other medicine should talk

. >> we also have another vehicle that followed the mercedes and it was either a chrysler 30 or a blackillac that followed the mercedes out of the area. >> reporter: public records show richardson had filed for bankruptcy less than two weeks ago and went to court in 2002 for weapons charges. that case was later dropped. >> it doesn't get any worse than a man being murdered in his own house in front of his children and his wife. >> the community has been ringing my phone off the hook since 4:00 this morning and this is something that has shocked the community. >> reporter: as president of the local home owners association, mark polk says neighbors wants extra police patrols in the area because there's been a rush of break-ins here over the last few weeks. we're watching and making sure that we receive the response that we believe we reive because they've been slow with regards to addressing our breaking and entering. so we want to make sure that this is taken care of because the community is not going to just allow this to go away. >> reporter: the homeowners association president says h

. >>> chrysler is reportedly planning to rehire white-collar worker and offer time to others.the board is reviewing the ceo's plan to revamp its product line. if the plan is approved, the company could bring back workers to get new models on the road by mid-2011. >>> ford is accelerating its growth plans in asia. the automaker will spend nearly $500 million building its first assembly plant in china. the plant will make the focus compact and other small cars. china overtook the u.s. as the world's largest auto market earlier this year. >>> tokyo's nikkei average's tuled more than 2.5% today. hong kong's hang seng is slightly lower. in london, the ftse opened higher. wall street starts the day with the dow at 9707, after dropping 41 points yesterday. the nasdaq fell nearly 24 points to close at 2107. >>> some michael jackson fans are already lining up to buy tickets to the documentary of his final rehearsals. dozens of people in downtown los angeles, were waiting to be the first to get tickets on sunday morning, even though the movie doesn't premiere until october 27th. the fir

today in detroit, the ceo of chrysler is meeting with the full chrysler board.er his turn around plan. this is video we shot with him a couple of weeks back. machineionne is going over plans. the riceler board will brief on a plan. the federal government wants to know what gm and chrysler has planned so that the investment that the government made is money well spent. >> i know you said the auto show had a lot of optimism but you have a company like general motors that is outlining this very aggressive sales tactic, 60-day money back guarantee. there is a lot of fingers crossed right now? >> absolutely. they do believe that sales will be gradually increasing starting late this year early next year. but at the same time september is a wash. obl october will be week. they hope to see the traction at some point. >> i was interested in the ads, they used the outsider, the tall texan. >> i think they realized that people want somebody to say this is a fresh start at this company. while he is not lee, you have to admit that ed whittaker has a plain speaking way. it is

but chrysler and general motors suffered double-digit declines. august was the best month for the industry in a over a year. but analysts say sales may dry up in the coming months now that the rebates are over. >>> southwest is cutting 1 flight per day on 92 routes, while increasing service on 42 routes. southwest will stop flights on three of its routes. >>> american airlines is cutting more than 900 flight attendants. but it could have been worse. it planned to cut its staff by 1,200 workers. >>> one morning in the not-too-distant future, you may be watching us in 3-d. sony is saying it has flat-screen tvs. sony and other manufacturers hope 3-d will help boost slumping flat-screen sales. >>> the windy city is bracing for another dose of the "o" factor. chicago has agreed to shut down one of its busiest streets for 48 hours by the request of oprah winfrey. this will be closed starting monday, for the season premiere, starring the black eyed peas. oprah is picking up the tab for security and traffic control. >>> next on your wednesday, we go along

chrysler is looking to reverse its 39% drop in sales since the beginning of this year.ou in d.c. >> okay. courtney reagan, thank you. >> tourists. >> the only ones who flock to washington. the region is home to the greatest percente of young and wealthy americans. we're home to 1 of the countries's 50 counties with the most 25 to 34-year-olds who earn more than $100,000. that's according to the nielsen company. loudoun county has the highest percentage in the country, even more than new york or san francisco. arlington county is second on the list at more than 8%. nielsen says the region's job market, schools and hospitals make us so attractive. >>> and the weather, too, probably has something to do with it, hmm, tom? folks coming because they like the way we have seasons, for one thing. >> if you don't like snow, this is the place to be, too. we don't have much snow the last few winters. we have rain this morning. good morning as we get off to work and school. you want to leave early. multiple accidents. road, streets and sidewalks are wet. a gray dawn in washington. s

chrysler technology's electrospace technology nine years. us cancer support group regional director two years and currently. hobbies working in his yard, photography. james robert anderson. couple anderson, what symptoms did you experience that helped you detect that you had cancer of the prostate? >> that's what's so alarming about this john, i had no symptoms. >> no symptoms, zero. had you been getting your p.s.a. annually? >> i get one annually with my physical. >> let's talk about psa, a blood test, stands for what. >> prostate specific antigen which means there's a protein released. >> and the protein determines what your level is. and when you get up to, what, four or five, then you have to proceed with caution but don't get unduly alarmed, is that right? >> well, there are some people that are starting to feel that even at those levels it should be investigated more closely such as biopsies. most important thing about the psa is the rate of change of the psa. you can't just take it as one particular test but rather as a series. >> he