we will talk to chuck schumer and kent conrad right after this break. it made a big splash with the employees yeaaaahhhh! find out more at aflac!... ...forbusiness.com (laughter) a day on the days that you have arthritis pain, you could end up taking 4 times the number... of pills compared to aleve. choose aleve and you could start taking fewer pills. just 2 aleve have the strength... >>> check out unilever company, reporting a 4% growth in sales, beating analyst estimates. but the ceo warns of tough conditions ahead in the market. stock is trading up. it's up a point. there it is, 4%. looks good. they beat -- beater is better than losing. >> definitely is. we like beating. >> abby cohen beat everything. that was unbelievably bullish. >> yes. >>> the battle for health care reform is not just between the white house and congressional republicans. there is also division within the democratic party. i'm sure you have noticed. john horowitz sat down with democratic senators chuck schumer earlier this morning and he has more on that. >> one of the things dmg

is you need a republican chuck schumer if a sense, if approximate that is conceivable. apolo apolo apologies to chuck, i must say. i agree, kennedy's absence is felt in a lot of different areas, but i don't -- i do see this -- this is such a difficult issue for republicans. bush kind of made it work for a bit, but even push at the height of popularity couldn't make this work inside the party. >> i'm not quite clear who is going to lead this had if this issue comes up really in the senate. certainly there's some voices that are becoming leader in the house. i can tell you that lincoln, the congressman from my district from south florida, has become a leading voice in the house. in the senate, i have a hard time thinking of john mccain and chuck schumer playing in the same sand box. it better be a big sand box. that being said, i think john mccain cares and i don't speak on his behalf, but i think he cares tremendously about this issue. but i think there's others. i think lindsay graham. >> it has been reported that senator graham. >> i would not be surprised to see lindsa

i talked to chuck schumer about the issue. let's take a listen. >> i think the realistic time is mid-september because they've been at it for three, four months. if they can't do it by september 15th, i think the view on the democratic side is going to be they're never going to get it done. there's always a worry that delay, delay, delay. you lose any momentum whatsoever. i think any artificial deadlines are just unwise. the most important thing we can do is to get this right. i've got a friend who was in the marines stopped me the other day and said, in the marines, we've got a saying. time sent on recognizance is really wasted. that's really what we've been doing. i say to my colleagues, i understand. if we get those closer to being right, deal with this in a way that's more acceptable, that will make what follows easier. >> do you see anything in that agreement so far that rank in file democrats cannot support? >> we don't know the details. for instance, i've been very much involved in the public option. if you call it a co

new york senator chuck schumer's office said that is shapiro informed schumer.ban that she said would occur as part of a larger look in high frequency trading. shapiro downplays in a statement saying she asked the staff for a plan to eliminate the inequities resulting and a proposal in the practice needs to be okay and made open for public comment. in exchange it gives traders a look at buy and sell orders before they hit the tape using fast computers so traders can make a tidy profit. they allege this puts less sophisticated investors and contributes to volatility in the market. they looked at flash orders earlier this year as part of a probe into dark pools, block trades made by investors. the trades can't be followed by the investing public. back to you. >> thank you very much, mary thompson. fdic's chief sheila was there and hampton was there. >> the hearing wrapped up a short while ago and top regulateors testifying before the senate banking committee. nobody came with transcripts, but they say the reported geithner rant on friday was a condit conversation

click today. >>> we are back with more on the health care fight now, joined via remote by senator chuck schumer senator orrin hatch of utah. welcome to both of you. >> morning. >> nice to be with you. >> senator schumer, i would like to start with you. the big debate this week is about the public option. the idea of a government health plan that would get some competition going with private insurers. this is what you said about the so-called public option back in june. the bottom line is that we need to rework our health care system to lower out of control costs and to insure more americans. our current system, dominated by private insurance companies, simply has not done the job. that is why providing a robust public plan option as a choice for health care consumers is an essential part of the solution. do you stand by that? is it still essential? >> yes, it is. and the reason is very clear. the costs of health care are going through the roof. and most people don't see that yet. they're paid for by businesses or the governments. but we're going to hit a wall very soon. in seven or eight years,

. >>> health care will also be in the news on senate when chuck schumer and orrin hatch are on "meetalso on "meet the press" afghanistan will be a big topic when david gregory interviews joint chiefs chairman mike mullen. >> as far as democratic schumer from new york, he's crucial to watch because he's been pretty strong in maintaining that there has to be a public option. so if somebody like him on the senate side comes out and says this has got to be there, that's going to be pretty big news, right? >> that's a great point, david. one other thing about chuck schumer is he was one who was actually drafted very early on to actually have a compromise of sorts. not the compromise we're talking about with the co-op plan that a lot more centrists and moderate democratic senators are pushing, but actually one that would probably make the nancy pelosis and a lot of the public option plan people pretty happy. what i think is interesting, if republicans aren't going to be at the table and president obama and max baucus have said they will be, but if they're not, there's a really good chance

new york at senator chuck schumer explains hear why he -- new york senator chuck schumer explains whyhe supports the program. >> if it is not broken, do not fix it. it is working in every way. what we need to do here is not put on the brakes, but step on the gas. jane: not everyone else agrees. i understand you are in the 64% opposing more money. why? >> americans are smart shoppers, and they know a good deal when they see one. to get $4,000 off a car that is $15,000 is an amazing incentive. but what else would you pay for? only in washington would you consider a program spending money 10 times faster than it would -- was supposed to to be a success. this was supposed to last months, and they were out of money in a week. jane: statistics tell us that 61% more fuel efficient cars are these purchases, and most of what have been traded in our pickups and suvs. that is hard to fight. >> it is tough to say. there have been articles today in the papers as saying this is not doing what they want for the environment. but look at a cost. the question is, where does the next $2 billion come fro

new york senator chuck schumer said he's fed up with airline passengers being treated like cattle. he's created a bill of right for them. more than 100 passengers were stranded on the tar pack at kennedy as airport. the bill would allow passengers off plane once it's been delayed for three hours. airlines have to provide food, water and adequate bathrooms for passengers who are stranded on the ground. >> passengers ought to have some rights. they shouldn't just be treated as cattle going on that railroad car and whatever happens to you, tough luck. >> schumer says he expects the full senate to take up the bill this fall. >> bikers suited up, revved up and hit the road today. all in the name of drawing attention to hiv and aids. tv and radio personality led the ride for life. a convoy of 2,000 bikers rode from rfk stadium to six flags in upper marlboro. >> until they find a cure for aids everybody should do as much as they can to help get rid of this disease. >> organizers say this year yes, sir event is the most aggressive since the ride started back in 2007. good thing they rode t

split between the left and the conservative democrats, senator chuck schumer of new york said he's openo those taxes on million-dollar incomes that house leaders have proposed. kent conrad of north dakota not so much. take a listen. >> i wouldn't teak anything off the table. i think it's really important to get a health care bill done. and so there are better ways and worse ways. but to draw a line in the sand right now on anything is unproductive. if you believe in -- >> if we're going to bend a cost curve, the things we need to do need to be in the health care sector. the cbo has said to us yes, you could raise the revenue in that way. it does absolutely nothing to bend the cost curve. >> now, another potential split is between the white house itself and congress. the white house has cut a deal with drugmakers to prevent the government from negotiating lower prices in medicare. both conrad and schumer told me we didn't cut that deal. here's what they said. >> do you consider the congress bound by the deal between the white house and the drug industry? >> i do not. i have supported and

by new york senator chuck schumer. >> if libya wants to be embraced by the international community, embracing convicted terrorists is not the way to do. it's revolting to me. to the victim' families. to all people of good will in every country of this world. >> reporter: families of the victims on both sides of the atlantic are also angry. by the release and by his warm welcome in libya. >> he was convicted of mass murder. a convicted terrorist. >> i don't think that he deserves the right to be home with his family. >> reporter: but some families especially in britain, believe that megrahi is the wrong man. and megrahi claims to have new evidence proclaiming his evidence. evidence he says he'll release someday. he may be a free man today. with just months to live with prostate cancer, he is serving a sentence he cannot reverse. >>> there are reports that the taliban in pakistan have named a new leader today, linked to several attacks. the previous pakistan taliban leader is believed to have been killed by a cia missile strike. >>> and in britain, a champion female stunt pilot from california

on "meet the press" senators orrin hatch and chuck schumer are among david gregory's guest. >>> in this country, inmates set fire last night to a medium security pris prison near lexin kentucky. many of the 1 hundred inmates had to be moved because of the extensive damage to several buildings at the priss zbln. >> a cross-border manhunt is under way tonight for a contestant on a cable tv reality show suspected of brutally murdering his wife and mutilating her body to keep her from being identified. >> you're going to be finishing that bottle yourself. >> reporter: as a reality show contestant, ryan jenkins was known as a smooth operator, but now better known as the subject of an international manhunt. police say he killed jasmine fiore, the woman he married in march, they lived in the spotlight together. but now detectives say jenkins may be arm and has will keep ahead of the authorities. >> this is a man on the run who will do anything at least initially to avoid apprehension. >> reporter: police found fiore's mutilated body dumped in a trash bin, she to be identified through the seria

and chuck schumer takes the lead, i think there is good stuff in the house. you may not have to have a long debate in the house, you would have a longer debate in the senate, but i am not worried about the calendar. i am worried about the politics, the sense of unease among democrats. this debate has happened twice in the senate. but in the house they have barely talked about its except for the three sound bites they came up to say that the town hall meeting. they are not used to it. what we have come up with is you are in comfortable with it, lean into it. -- you are uncomfortable with it, lean into it. it is in their political interest to lean into this issue, find it as a pragmatic solution and find as good for them. -- frame it as a pragmatic solution and frame it as good for them. you will need a good number of democrats on comparable with this issue leaning into a to make this happen. >> i think some of this depends on how poisoned is the congressional atmosphere after health care, which we cannot know yet. >> we are not starting from scratch. we have b

but, still, i agree with chuck schumer and i hope president obama will go along with that recommendation, and have his -- the ambassador submit the resolution. i think it is the honorable thing, and i don't know how long he has to live and i'm a medical doctor and he has prostate cancer and it could spread and he may only have months to live, but sometimes people with press tate cancer can live for years. and this is supposed to be a compassionate release on behalf of the -- the secretary but for moammar gadhafi to publicly embrace and look at the outrage, of the rest of the world expressed when george bush land on the aircraft carrier and said, mission accomplished. my god, this is a pretty, pretty over the top thing, that libya has done. >> eric: and gong man, guess who is coming to new york next month? moammar gadhafi. he's going to pitch his tent, as he travels with the tent as a bedouin and did that when he went to italy and will pitch it in inglewood, new jersey. with his aides, and -- because that is where he lives. and there is nothing we can do to stop a head of state from comin

sean: what happens if chuck schumer and senator harry reid, but what if they go forward and used a reconciliation process because they don't have enough democratic senators on board for cloture. what happens then? >> i think that this destroys the unique aspect of the institution of the senate which is the 60 vote principle. jim might recall that i fought hard for that principle. -- you might recall that i fought hard for that principle. i was criticized by some at that time. the fact is that if they go this way in the reconciliation, i think that you will see a backlash in the u.s. senate and across this country. the institution of the senate works on the 60 votes basis in many occasions. sean: have you talked to any of the leadership about this? have you talked to harry reid? the republicans have been left out of the process. there has been no discussion even with you? >> no, and i would point out that the legislation that passed the committee and the house was democrat proposed and we try to amend and everyone was turned down. this is not bipartisan nor has there been any significant -- actual

it cannot be pulledç off with e chuck schumer talked about on sunday.: do you thinkç senator trouble?d is in his numbers are slipping down, but, politically, for him back home? yes, look, his numbers are dreadful in nevada. not only that, it spilled over with an effect to his son, though is running for governor, and there is a twice failed candidate running for office, and basketball coach, and he is losing by 5 points to a former state assemblywoman a state chairman. i mean, harry reid's numbers are , abysmal. it is partly due to president obama and to a very negative reaction to president obama by the people in nevada, but is harry reid. he is not representing the of nevada but washington valleys. has become more unreliable more liberal than he is trying to convey back comments, guess what? his numbers are dreadful -- that is trying to convey back home, and, guess what? his numbers are dreadful. greta: i wonder to what extent his sort of slipping numbers at home undermine him, corralling out thisors to figure bill? i am not sure it has much impact on

the president said this on a conference call, chuck schumer confirmed this that they're going to use the reconciliation process which would -- >> let me explain reconciliation. back in the days of the attempts to balance the budget during the first bush administration in the graham-rudman period they decided it was too complicated to have filibusters over budget bills so they said when you pass the federal budget, you can't filibuster at 51 -- filibuster it, 51 votes is enough to bass -- pass the then they tried to put all sorts of bills through and senator byrd from west virginia said wait, this is only applicable for budget bills. the problem is biden will be the one that determines what's a budget bill and what's not. the chair is going to rule and he can be sustained with 51 votes. sean: look, it's tim beneficiaryo. this congressman carnahan in missouri. kathleen sebelius, this is the second time she's been shouted down. arlen specter. now i'm hearing democrats are afraid to show up at these town halls. >> this has to be a time of unbelievable pressure. on my web site dickmorris.

where will the money come from and senator chuck schumer says they could get the money from the energynd senator feinstein says democratic leaders agreed take it out of tarp but many say the program could be considered beyond this $2 billion and she was once opposed to the bill but now touts it as a good plan because consumers are turning in their clunkers and getting cars that get on average 61 miles better on average so looking at it this way it remains to be seen how the republicans will vote on this. megyn: where does it stop? how much money should we put into cash for clunkers? in the meantime you mentioned the f word. what are republicans saying about this program? because we heard it across the board. they said we're going to filibuster and not let it get a vote then others saying over our dead bodies. where do the republicans stand on it now? >> well, overall the republicans initially get this plan and belief it's wasteful spending now. and one said instead of targeting one industry, just give tax cuts to people across the board that government can't afford to manage car dealer

president of the united states, they are talking about a nuclear option, he and harry reid and chuck schumerget it, they will use reconciliation to pass this bill. now, that sounds like there are ramming it down america's the road. >> -- america's roads. >> there is nothing bipartisan about this -- america's throat. what they are doing is trying to get people to buy something they do not want. that is one reason why there are trying to do it so quickly. -- they are trying to do it so quickly. they do not want it taken away, so they are having to talk about what this really means. we have already seen socialized medicine in this country. it is a lie to say this has nothing to do with socialism. we have medicaid. we do not have to go to canada. we do not have to go to cuba. we do not have to go to britain. we can go to any inner-city in this country. ç>> in the emergency rooms. >> if we got rid of medicaid and -- poor people. cockburn has a bill, demint has a bill, but even the president çhas a bill -- coburn has a bi. state lines. >> medicaid reimbursements. >> we are talking about taxes. >

new york senator chuck schumer is creating a passenger bill of rights. schumer's bill would force airlines to allow passengers off of a plane once it's been delayed for three hours. airlines will also have to provide food, water and adequate rest rooms for passengers who are stranded on the ground. that will come as a relief to passengers who have been stuck on grounded flights. >> it was raining. we sat on the tarmac for four hours. >> where is the customer service? >> passengers ought to have some rights. they shouldn't just be treated as cattle going on that railroad car and whatever happens to you, tough luck. >> schumer expects the full senate to take up the bill this fall. >> tomorrow's launch of the shuttle is a go as long as er nature cooperates. forecasters anticipate good weather formo "discovery's" planned takeoff. however, there's a chance of thunderstorms today, and that could delay scheduled fueling. that, in turn, could delay launch time. nasa engineers say testing of the shuttle power controller replaced last week is looking good. "discove

chuck schumer is open to the proposal and ken conrad not so much. take a listen. >> i wouldn't take anything off the table. i think it's important to get a bill done and there better ways and worse ways, but to draw a line in the sand on anything i think is unproductive. >> if we bend the cost curve, the things we need to do need to be in the health care sector. the cbo said you can raise the revenue and it does nothing to bend the cost curve. >> another potential split is between the white house and democratic senators. news today of a deal between the drug industry and the white house to not seek additional cost savings for them in terms of negotiated drug prices under the program. i talked to conrad and schumer. that doesn't bind us. >> do you consider the congress bound by the deal? >> i do not. >> do you think it's a good idea to tell the government they can negotiate? >> i supported it and always believed it's in the interest of the united states to be able to negotiate lower prices with all providers. there is stuff in the house bill about it

." >> erin, we know chuck schumer is a major force in financial regulation. and we noticed lately that treasury secretary geithner is a little hacked off at some of his regulators who are defending their turf. chuck schumer says he's with the administration on making the fed systemic risk regulator, and second of all, he says the turf complaints for regulators is play acting. take a listen. >> are you also critical of those regulators for those public turf battles? >> first, i think, for instance, financial regulation, we have a far greater consensus than, say, on health care when we started. and it will be easier to do. the general consensus, we need a large systemic risk regulator, we need some consolidation among the banking regulators, we need some more consumer protection at large. >> filling in the details. >> we haven't gotten up to that, but it will happen. i have been on the banking committee since 1981. the regulators always defend their turf. but make no mistake about it, when you talk to them privately, they say, well, i have to. thousands of empl

we have to get this done, and it is time to send a message to the airlines that in the words of chuck schumer, they cannot treat people like cattle on a cattle car. shepard: the airlines have been saying all along that they will police their own industry, and they have been trying to do just that. >> son country is saying that they are putting in their own guidelines, saying they will not have their planes taxiing for more than four hours at a time, but still a whopping amount of time if you are stuck on that plane, but they and other airlines said they are better at designing the rules themselves. they say government-imposed legislation cannot take into account the individual circumstances of each delay and therefore might cause more problems than it solves. shepard: a suppose they both have arguments, but if you look at statistics, airlines are doing >> better > the federal aviation administration shows that on-time arrivals this summer are actually up. 73% of planes arrive on time within their scheduled time in 2007. this year, 78%, so they are doing better. delays of more than two hours h

senator chuck schumer is a bit democrats can use an old parliament terry maneuvered to get it through even if they do not have bipartisan support to get it through. a democratic strategist says what they should do. it is good to have you back. >> how are you? neil: i guess a the bloom is off the bipartisan rose. >> i'm not sure the way you describe my position was 100% accurate. i take a pragmatic approach to bipartisanship. i think president obama said it will listen to your idea. if the idea is to delay and weaken a health-care bill that does not solve the health-care crisis that we clearly face in this country, i am not sure bipartisanship is all that it is cracked up to be. i think that is the perspective that a lot of democrats and a lot of americans -- neil: making cozy with republicans is the least of democrats'problem started the a blue dog members who are just not buying this thing. >> i do not think it is a question of not buying it. i'd think it is important, i think almost everyone recognizes except something grass-roots groups and some republicans that we clearly face a h

. >>> we are back with more on the health care fight joined by senator chuck schumer of new york and orrin hatch of utah. good morning. >> good morning. >> nice to be with you. >> the big debate is the public option, a government health plan to get competition going with private insurers. this is what you said about it in june. the bottom line is we need to rework our health care system to lower out of control costs and insure more americans. our system dominated by private insurance companies has not done the job. that's why an option for a choice is an essential part of the solution. do you stand by that? is it still essential? >> yes, it is. the reason is very clear. the costs of health care are going through the roof. most people don't see that yet. they are paid for by businesses or the governments. we're going to hit a wall soon. seven or eight years, medicare will go broke and it will leave millions of senior citizens in trouble. costs have gone up. they have doubled in the last seven years. if it continues, and it's likely to, there will be millions of americans whose employe

chuck schumer wants to ram this thing through by september 15. if they go by reconciliation, which i think they have technical difficulties. in other words, if they don't have enough votes and they try and ram this down america's throats, what is the political outcome of this? >> first of all, i think they will. i don't think they'll get republican support, at least i hope they don't, and i think they will try to get it with 50 votes, the so-called nuclear option. but i think they can be defeated. max balance cuss and jon tester come from a red state, conrad, a democrat from a red state, north dakota, johnson, a red state south dakota, pryor, landrieu and lincoln, a red state, arkansas. if you get all of these red state democrats to start seeing red because there are ads in their state and senior citizens are going crazy -- let me say this about the democratic party. they will pass this no matter what the polls say. but if they feel that the elderly, their core constituency, is turning on them, that they're almost repealing f.d.r.'s collision and

with us, oren hatch and democratic senator chuck schumer. >> that will do it for us. swine flu fears as the school year starts, authorities are bracing for a big outbreak. >>> whitney houston making a comeback, for the first time in years. i'll see you back here tonight for nbc nightly news. until then, so long and have a great day. >> coming up, she's maryland's first lady, a judge, and a hands-on mom. katie o'malley coming up. >> and our tech expert is here with the must-have items for the school year. >> had enough of the heat, humidity, and rain?

. >> it's interesting, i was going to ask you that night, chuck schumer wanted to shut it down or passome sort of legislation to sort of get this area under control. you thought it was an accident waiting to happen and many others did as well? >> yep, absolutely. it's -- you know, it's really a highway. the pilots fly down on one side of the river and fly up on the other side, and just like you're going to have accidents on the highway in a car, you're going to have accidents on this highway. unfortunately today, we lost a lot of lives. >> give us a solution here. >> i think that, first of all, they should close the air to civilian aircraft until they figure a new policy. and then they can use a model like washington, d.c., where they actually have training courses for pilots before they get in washington, d.c. air space. they need to cut down in the traffic and make sure pilots who know what they're doings allowe city air space. >> thank you, sir. >>> they have earned their reputation among the most feared mexican cartels. we will show you why the u.s. is offering a $50 million reward

. >> because they have heard what the democrats have said, what max baucus has said and chuck schumer oh, we can make the co-ops just like the government plan, and they will have the same funs. they have said that. >> but it would create competition so the insurance companies don't turn their back on the american people. >> there are 1r,300 of them in the country, an 60% of them are not for profit already. there is plenty of competition there. they don't need a government-run plan. let me say one other thing. why does obama want anything from the republicans? because they would be covering the blue dogs and others to vote for his bill. bret: tonight the gang of six meets, the senate finance committee that's trying to hammer something out. >> you know, when democrats are addressing liberals, they say the public option the co-op is a way to get public option, and addressing conservatives, obama says it's only about creating competition t depends on the audience. the obvious answer is it is a trojan horse and a way to introduce a public option. it's not going to pass. bret: he won't do i

he went out there and he said, well, whether we do it or not we'll use the nuclear option and chuck schumerd they would use the relation process or at least attempt to. i don't think they're going to be able to pull it off. where they bypass the need for a filibuster-proof senate vote. >> you know what that means? that means they can't even keep some of their own democrats. they make that move to avoid that procedure, to bring this illegitimate rule into the senate, in order to get around members of their own party. and this is what people need to understand. the radical left, the sal linsk i. barack obama element is in control of your party and it doesn't matter if you're a moderate. sean: will the blue dogs listen to the people or listen to obama -- >> i don't know what the hell they're going to do. but i don't trust them. and the people who are in their districts, need to keep the pressure on to make it very clear, this is the seminal moment and if you vote for this, we will campaign against you and we will defeat you. sean: great one, congrats. 12 weeks number one on the "new york times

he went out there and he said, well, whether we do it or not we'll use the nuclear option and chuck schumerd they would use the relation process or at least attempt to. i don't think they're going to be able to pull it off. where they bypass the need for a filibuster-proof senate vote. >> you know what that means? that means they can't even keep some of their own democrats. they make that move to avoid that procedure, to bring this illegitimate rule into the senate, in order to get around members of their own party. and this is what people need to understand. the radical left, the sal linsk i. barack obama element is in control of your party and it doesn't matter if you're a moderate. sean: will the blue dogs listen to the people or listen to obama -- >> i don't know what the hell they're going to do. but i don't trust them. and the people who are in their districts, need to keep the pressure on to make it very clear, this is the seminal moment and if you vote for this, we will campaign against you and we will defeat you. sean: great one, congrats. 12 weeks number one on the "new york times

none have been implemented inform a statement, senator chuck schumer says, quote, i have long about believedneral aviation air traffic over the hudson river pose as a serious safesy and security risk to new yorkers. >> that was fox's christina park reporting. >>> still ahead, maybe you're lucky enough to have a wonderful mother-in-law but if your relationship is less than stellar, a new study says you can blame it on your brain. >>> coming up next, the debate over health car reform gets a bit heated. -- health care reform gets a bit heated. >>> there is just one town hall meeting but they are being held all over the country. some some cases, the crowd i less than cordial. right now, there are allegations that these angry audience members may be part of a larger agenda though. that is what some are disputing as well. we're back with more on fox 5 morning news right after this. . ♪ ooh, yeah it's 10 tastcalories... loved by lips and hips alike. jell-o. because every diet needs a little wiggle room. we call the bunche in honey bunches of oats the prize in the box. well, now there's a prize insi

senator chuck schumer says the sec chair mary schapiro told him a ban of so-called flash trading is imminent. but then later shapiro said no ban is imminent because any proposal eliminating the practice first needs to be approved by the commission and then made open to public comment. so it's clear they've got something working here. they will think flash trading is controversial because it allows some traders to see buy and sell orders milliseconds before that information is made wider more publicly available. as cnbc's david faber first reported, pepsi is buying two of its biggest bottling for a total of $7.8 billion in cash and stock. pepsi had originally offered a combined $6 billion for both companies back in april but rejected because the bottler said the bid was too low. pepsi says is the deal will result in $300 million in annual savings by 2012. >>> donald trump is buying the bankrupt atlantic city casino for $100 million beating a competing bid from bond holders. he was forced to relinquish control of the resorts when filed for chapter 11. the deal still needs to be approved by a b

24 hours and on "meet the press" this sunday, david gregory has a big show with orrin hatch and chuck schumerhat on nbc, if it's sunday, it's "meet the press." check your local listings. i hired him to speak. a lot of fortune 500 companies use him. but-- i'm your only employee. we're gonna start using fedex to ship globally-- that means billions of potential customers. we're gonna be huge. good morning! you know business is a lot like football... i just don't understand... i'm sorry dick butkus. (announcer) we understand. you want to grow internationally. fedex express >>> anne kornblut, white house reporter for the white house joins us now from the white house lawn. there is no window washer there. you're over in the post news room today. the anonymous window washer, he was up there, swinging back and forth. poor man. does not get a vacation, but we were watching online and he was watching the windows. in any case, it is a silly -- can the president get a little time off and get back on top of this debate? >> it is a silly season and he's e leaving on his vacation today, so in the spirit of

. >> jamie: a fox news alert on a bold prediction from senator chuck schumer, the "fox news sunday" guest telling chris wallace that health reform will pass the senate this fall, complete with an option for government run insurance. >> i don't think he backed away at all. i talked to the president about this in the past few weeks and he believes strong in the public option to. he's worked hard to get a bipartisan bill, because that would be a better bill. be i believe at the end of the day we'll have a public option and we could get a public option that could be passed with the 60 democrat votes we had. where it competes with the insurance company was backed in the house by blue dog and more liberal democrats. >> jamie: we talked to chris wallace about this, but that was "meet the press." last week, democratic senator ken conrad said the senate didn't have enough votes to pass the public option. everything you need to know here on fox. >> thousands of people are fleeing from wildfire in athen athens greece. there is now a mandatory evacuation ordered for 10,000 homes there. dozens of hous

yesterday, democrats dianne feinstein and chuck schumer say they will support extending the program. opponents say cash for clunkers is poorly managed. supporters say it's a success. >> if it ain't broke, don't fix it. it's working in every way. it's working as a stimulus, it's working to help families, it's working to improve mileage. what we need to do here is not put on the brakes, but step on the gas, keep the program going. >> the government should not be in the used car business and this is just a great example of how badly the government manages things. >> now, the white house says cash for clunkers has helped almost 250,000 people trade in their gas guzzlers and says the new vehicles have been more fuel efficient by 10 miles per gallon. >> exactly what our neighbors did. they were just -- they came over and said, yeah, we bought two new cars you've got to get this done. >> our biggest problem, we're low on cars, we're -- we have our lowest inventory we've ever had in the last three years. >> cash for clunkers was originally intended to run through november, remember, but even

in time to "analyze this," the high-frequency trade debate heating up as senator chuck schumer says the ban on short trading is imminent. he says he was assured by mary schapiro. what would the ban mean for the markets and the exchanges that may face lighter volumes? joining us on the "fast line," sandler o'neill principal rich opeto. rich, great to have you with us. break it down for us in terms of the impact here, in terms of which changes might see a benefit, which might be at a disadvantage. >> well, melissa, actually, none of the exchanges went along willingly. the nasdaq did start executing flash orders in june, but they remain weren't -- they did it sort of unknowingly, just because they were losing market share and trades to a platform called direct edge. the new york stock exchange never did it, and they stood against it, really had nothing to lose. >> rich, to be clear, flash traiding is a subset of high-frequency trading, which is a bigger market. is there concern that they might do something on the bigger market in terms of high-frequency trading? >> i think there's always r

there are folks like chuck schumer who are good on some bills, really champions, and speak for the middlejust not going to be a ted kennedy again. we're going to have several people i think playing that role. he just didn't -- he stayed on the march for justice, you know, year after year after year. when he knew he'd have to step off of the judiciary he called me twice at home to assure me he would still be pushing from behind the scenes. you know, i think we'll have several people who have to follow after him. >> ben jealous of the naacp thank you very much for taking time to join us today. when we come back, we'll be talking to max bachus one of senator kennedy's key allies, a major player on health care, the head of the finance committee. stay with us. once you've mastered the complexities of a headache... the rest of the body is a no brainer. doesn't your whole body deserve excedrin strength relief? excedrin back & body. excedrin. what ache? what's in it for me? i'm not looking for a bailout, just a good paying job. that's why i like this clean energy idea. now that works for our whol

chuck schumer has called for some serious measures progress -- and against great britain. >> if it isroven that there was a quick " grow, even though they are our friend, there should be some sanctions against the british government. martha: 270 people died in that bombing in 1988. 40 of the passengers were american college students on the way home after a semester abroad. one woman lost their 21-year-old son. their family is here now. i imagine it is no less painful than it was back then. watching him get off the airplane and seeing him being embraced by al-qaddafi and others waiting on the tarmac, now that this information is coming down -- and we are still working on confirming this information. if there was a deal that great britain would release him as part of an oil deal, what is your reaction to that? >> i am shocked. i would feel betrayed. i cannot believe that our ally, our dearest ally, would ever give up their credibility in the world for oil. it is incredulous to me that this has happened. martha: what does your gut tell you about this? do you think that there was a deal?

senator chuck schumer saying the s.e. kre has assured him the practice of flash trading will be banned, but the s.e.c. says we'll look into it, but no decisions have been made. anyway, let's get to our flash trade task force with their insights. capital markets research and advisory firm follow high frequency trading. and, yes, there's a difference between high frequency and flash trading. adam and dave is here. adam, is there any way to explain to a layman what flash trading is? >> essentially it's when an order comes into the market and it's exposed to the crowd. the crowd has the right but not necessarily the obligation to execute against it. >> don't all orders get exposed to the market? >> what happens is that this order is aggressively priced. and let's say nasdaq has that order. and they can't execute it. then before they route it to the new york stock exchange or to another competing venue, they'll expose it to their crowd. but by lawyer prior to the introduction of flash order, they would have had to immediately