we'll talk with john forbes of cnbc in just a minute. >>> playboy has launched a new website called the smoking jacket.com. it is supposed to be a safer work version of playboy, just the articles which is of course why you read playboy anyway. now it was supposedly safe for work. we looked at the website and decided it was too racy for television. we put these pictures on instead. yes the website is actually racier than what you're seeing here. their version of safe for work is not ours, at least i don't think so. i looked at it on my work computer. if i'm here tomorrow it's safe for work. >> we'll see. >> you can always say it's for research. >> i can do about anything. video games, x box. >> if you show up in a a little smoking jacket like hugh heffner, a little ascot. >> two chicks on each side. >> you didn't notice the little horns on his head did you? >>> a live look right now under the sea at bp's blown out well. oil and gas is seeping out of it but the government says don't worry about it. kristen, officials are moving ahead with bp's plan to seal the hole on the ocean floor? >>

the commissions would require comcast to divest itself of cnbc. they are incentivize to carry competitors on the cable platform. comcast says every incentive to limit tests. if the commissioner -- commission would approve the merger, there would have to be specific conditions. in addition, -- this should not the with competing networks including business news network's. comcast has a history of interfering with certain kinds of contents. it would be happy to degrade the terms or level of service or quality of single delivery for programmers in competition with comcast. comcast should be required to do open internet rules. the commission should adopt a condition that has any disincentive on the ability of alternative or competing business news networks to offer their content on other platforms including, but not limited to the internet. i look forward to answering your questions. >> thank you. >> thank you. good afternoon, everyone. i am the senior director of business development. it is a pleasure to be here today. i appreciate the fcc inviting us

national urban league, marc morial, anita dunn, a man credited with sparking the tea party movement, cnbc's rick santelli and "the new york times" columnist, david brooks and "the washington post" columnist e.j. dionne. >>> good morning. a summer of anxiety over jobs, the economy and government borrowing as new polling shows president obama's job approval rating handling the nation's economy at a new low. on friday i sat down with the the administration's top economic official, treasury secretary tim geithner. mr. secretary, welcome back to the program. thank you for having us down to your office. >> good to see you, david. >> i want to ask but some of the broader economic outlooks that we've heard across the spectrum this week. an important one from the fed chairman, ben bernanke, who said the outlook is unusually uncertain. i wonder if to you, to the president, do you fear that things are going to get worse before they get better? >> i don't think there's anything unusual about the fact that given the severity of this crisis, the recession, how bad it was just 18 months ago, that american

courtney reagan is live at cnbc's headquarters with that. >> good morning. this is definitely important if you have one of these vehicles. nissan is recalling 51,000 of its cube crossover vehicles because of a possible fuel leak that exceeds federal limits. the recall affects models made between january of last year and this july. nissan dealers will install the fix and it's free of charge. futures are high are this morning. wall street trying to maintain the positive momentum. we heard from fedex they raised their earnings forecast on strong demand for international shipping. fedex is seen as a bellwether for the global economy. europe is positive. we'll have more reports this morning on home prices and consumer confidence. the dow is up 100 points. the third straight triple-digit gain. we'll start trading at 10,255. the nasdaq up to 296. bp reports a record quarterly loss. the company sets aside 32 billion to pay for the cost of the gulf oil spill. that includes the funds they set aside to pay spill-related claims. bp confirming hayward will step down from

cnbc is reporting this morning that hayward is out as the chief executive officer of bp and that the move could come as early as today. yesterday the government's point man in the gulf, retired admiral thad allen, brushed aside talk about a leadership shift at bp. >> i have no knowledge of any personnel changes that are going on. we'll continue to work as the national incident commander and focus on what i do. >> reporter: that focus squarely on sealing the fractured well. now that a weekend storm has passed, crews and equipment are back at the spill site. >> generally the next week will be preps, making sure everything is ready to go and then the week of the first of august is when we will attempt to do the static kill and move back and finish the top kill. >> reporter: and perhaps finally end the disaster. jay gray, nbc news. >>> well, the u.s. military says hundreds of american troops are searching for two navy sailors who disappeared in a taliban stronghold in eastern afghanistan friday. yesterday the taliban claimed they killed one of the sailors and took the other as a prisoner

covering many -- the week -- eamon javers of cnbc. dan balz of the washington post. doyle mcmanus of the los angeles times. and martha raddatz of abc news. >> award-winning reporting and analysis, covering history as it happens. live from our nation's capital, this is "washington week with gwen ifill," produced in association with "national journal. corporate funding for "washington week" is provided by >> we know why we're here. to connect our forces to what they need when they need it. >> to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the glow, the people of boeing are working together to support and protect all who serve. >> that's why we're here. >> additional funding for "washington week" is provided by exxon mobil. the ethics and excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. first, to

to news for your money, we want a look at the early trading this morning, courtney reagan live at cnbc headquarters with a preview. good morning. >> reporter: good morning. futures are higher this morning, which is good news because we saw wall street snap its win streak wednesday. markets dropped first on a worse than expected report on durable goods in the morning. then a tempered forecast on economic conditions from the feds came in the afternoon and certainly didn't help matters. europe in positive territory, we'll get the latest read on unemployment still ahead this morning and earnings from exxon vald valdez. the dow fell to 10,497 and the nasdaq was off also. >>> it doesn't appear that the pace of foreclosure is slowing in this country unfortunately. realty track monitors that and says the foreclosures rose in 75% of the major metro areas in the first half of the year. more than 1.6 million homeowners received some sort of notice, that's up 8% from last year and works out to be about every 1 in 78 properties. florida, california, nevada, and arizona accounted for the top 20 citi

courtney reagan is live at cnbc headquarters with more on that story and the other stories that will impact your bottom line. good morning, courtney. >> like you said, lg is really suffering on some of those new orders, or really lack thereof. and futures right now are relatively flat. we've sort of been lower, then higher, and right now we're trading near that flat line. strong earnings from the likes of dupont were offset by economic data which showed that consumer confidence is waning, not entirely surprising at this point in time in our economic cycle. asian markets were higher overnight on a set of positive earnings from that region and europe is a touch positive right now. we'll get data today on demand for durable goods. that's those big-ticket items like heavy appliances, airplanes, and automobiles. the fed also puts out its latest beige book report, which compiles information on the conditions in the fed's 12 districts of the united states. the dow was up 12 points tuesday to start trading. the nasdaq slipped eight points to 2288. and the u.s. government is preparing a crimi

cnbc's senior economic reporter steve liesman is with us. steve, it's been a while since we spoke last. as you know, these figures that are coming out lend fuel and credence to the fear that we are going to have what's called the double dip recession. you're coming up near a recovery only to fall down again. how real is it? >> i think the fear is very real right now on the street. not a lot of optimism on the economy, although most economists, including those at the federal reserve, say that's probably not what's going to happen. although looking at the consumer sentiment numbers today, it was the eighth biggest drop we have had. the kind of drop we have seen for example around 9/11 and consumer pessimism rose and also the financial crash back in october. so it's one that's very well worth watching, but so far the sense is that we have hit a soft patch here, brian, but not necessarily a double dip. >> how will we know the difference between a soft patch and a double dip? >> i think we'll see the gdp numbers turn negative, the job numbers tur

courtney reagan is live at cnbc headquarters with a market preview. good morning. >> good morning, brent. trading lower, this is the final trading day of july, not setting up for a hugely bullish open. we are on track for the best monthly gain in a year, major indices did close lower yesterday after choppy interday trading. it will close lower for the day, europe is down two. everyone will really be watching the second quarter gdp report due out at 8:30 a.m. eastern time and then followed by consumer sentiment at 9:55 eastern time. so, we still have some time to go that is the major economic headlines of the morning. most of the comments are estimating a 2 1/2 percent analyzed gain for the gdp we don't see that, the stocks start out lower. >> after the being down triple digits, the dow did rebound to close down 31 points, could have been about much worse. we will open traktd 10,467. the nasdaq lost 13 points to 22526789 >>> fresh off the fund-raising trail in new york, president obama is headed to michigan today where he will visit general motors and

courtney reagan is live at cnbc's headquarters with more on that and how the market is reacting to the news. good morning, courtney. >> good morning to you. the financial landscape on wall street has been altered. congress is putting the final touch on a landmark regulatory reform bill. the senate voted to pass the reform bill on thursday, which means president obama will sign it into law next week. it does create a consumer protection agency for investment products like mortgages and helps with transparency with consumers being able to understand the terms and conditions a little bit easier for various consumer products. the measure also though regulates complex investments known as derivatives and banks from certain risky trading practices, all in an ef fort to avoid what we went through a couple of years ago. as we wrap up the trading week. stocks ended pretty flat thursday. though did rally into the close. settling its fraud case with the s.e.c. asian markets fell overnight. europe is higher this morning. we'll still get data on consumer prices and consumer sentiment ahead this mor

julia boorstin is live at cnbc headquarters with a market preview. good morning. >> good morning to you. well, apple's better-than-expected earnings are expected to help wall street open higher this morning. apple says it's selling ipads and iphones as fast as they can make they can. futures are posting to a solid open after the dow closed higher. the nasdaq added 24 to 2222. asian markets save for japan which is way down, mostly higher overnight. and europe is higher this morning. oil prices traded below $78 a barrel on a report that fell less than expected last week. there's no economic data due out today, but fed chairman ben bernanke testifies before congress this afternoon on the economy. he's expected to say that the economy is growing slowly and is unlikely to fall back into recession. we're also due for a slew of earnings reports today. coca-cola just reporting that its revenues came in slightly shy of analysts' expectations, but its earnings were slightly higher. morgan stanley and wells fargo are also due to report their earnings before the

courtney reagan live this morning at cnbc headquarters with a market preview. >> futures are relatively flat to slower this morning, but that's coming off a strong week from wall street when we saw the major indices rise more than 3% on the slew of positive earnings reports in news that only a few european banks failed the stress test. we heard about that on friday afternoon. asia was higher overnight. europe dropped a bit this morning. and there is a fair amount of economic data this week including reports on housing, consumer confidence, durable goods and first look at second quarter gdp. that's the broadest measure of economic growth. wall street gets more news on housing market this morning, though, with new home sales and they're forecasted to have edged higher last month after dropping in may after the home buyer tax credit expired. tomorrow we get the latest read on home prices, expected to rise for the second month in may after dropping for six straight months. the dow was up 102 points on friday to start trading at 10,424. the nasdaq added 23 points to kick us off at 2,269. >>>

courtney reagan is live at cnbc headquarters with more for us. good morning. >> hi, good morning. futures right now are definitely higher. that's good news after yesterday's sell-off. and the sell-off really came mid-afternoon. when fed chairman ben bernanke was testifying before congress. he says the outlook for the economy is, quote, unusually uncertain. bernanke says the fed does stand ready to act if the recovery falters, but he believes the chances are low the u.s. will slip back into recession. investors might have been caught a little off guard by bernanke's candidness. asian markets were lower overnight. europe is positive. we'll get data on unemployment benefits as well as housing still ahead this morning. and in addition to the earnings from starbucks and netflix, a ton of earnings today. at&t, 3m and caterpillar. already all reporting earnings beating wall street expectation. that's just the start of it. the dow fell 109 points wednesday to start at 10,120. the nasdaq off 25 to 2187. well yoourks going to want to brace yourself for more lousy news on the housing market.

covering these stories this week, john harwood of cnbc and "the new york times." naftali bendavid of "the wall street journal." michael duffy of "time" magazine. and dana priest of "the washington post." live from our nation's capital, this is "washington week with gwen ifill." produced in shorks with national -- in association with national journal. funding for "washington week" is provided by -- boeing. exxonmobil. the ethics in excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, sitting in for gwen ifill this week, gloria borger of cnn. gloria: good evening. if you follow the economic news here in washington this week, then you would know that president obama signed one of his most far-reaching accomplishments. the financial reform bill. and it's designed to prevent another economic meltdown. meanwhile, democrats in congress and a largely partisan vote finally passed an extension of unemployment benefits

get all your business news on cnbc. >>> or you can get your business and tech report before the marketspen weekdays on "nbc bay area" with scott mcgrew starting at 4:30 in the morning. >>> if you think your tattoo will cost you a job opportunity, think again. a new study shows that tattoos are becoming less of an obstacle to finding employment. the report shows that as the number of people with tattoos increases, it becomes more acceptable in the workplace. 45 million americans have at least one tattoo, according to the u.s. food and drug administration. and while only 15% of baby boomers have tattoos, 38% of millennials have some sort of body art, and half say they have two or more tattoos. >>> americans have been buying less clothing over the last few years, because of the economic slump. but sales of swimwear are actually up. and the big surprise, they're up in the men's department. sales of men's trunks are up 20% in the last year. >>> coming up next on the "bay area sunday," drinking and dashing in san francisco. the tea that puts your honesty to the test. >>> and the medical break

she keeps showing up on cnn and cnbc and she's -- >> larry: what does she do? >> huh?he do? >> a political pundit. she's a very bright lady and talks about whatever they ask, business affairs, politics or whatever. >> larry: beautiful girl. >> yes, inside and out. >> larry: how old are your boys now? >> my two kids are 20 and 19. they're both in college. martin and cooper. i'm very proud and very lucky. >> larry: what do they want to do? do they want to run the magazine? >> it's not clear at this particular point and that's probably a good thing at this particular age. they know that's certainly an option for them in terms of working for the magazine. but i think, you know, we have to wait and see. >> larry: continued good health, hugh. >> thank you. >> larry: you're a young 84 and you've changed america. >> thank you very much.

budg here you are on cnbc. >> we passed a budget that cuts m11 billion from our state's state's balances it without any balances iteases on the people of the state of new jersey. >> patrick murray, director of allling of monmouth university says that's a nice talking point. it's absolutely untrue. there are a lot of legal obligations that the state has that the governor ignored. budget analysts say the $11 billion deficit was closed deficitby avoiding costs. avoidinget skipped a $3.1 billion payment to the pengs fund. continuing a decade-long pattern christie had had criticized. the billions you're not funding, g,e you doing this just by executive fiat? ohio doe how does this work? there are legal obligations, right? >> the legislature passed this budget. cted to et i presented on march 16th has $11 billion less spending than was projected to be done in the corzine dministration. porick is okay as a pollster. here,not going to be that great as a governor. we did here, we took $1.7 less in education funds. $1 billion was federal stimulus funding. it had been spent in one year by the corzi

of this, as well as the entire political landscape, former obama white house adviser anita dunn, cnbc'sli, national urban league marc morial, e.j. die i don't know. welcome, all of us. marc morial, is the conversation, as race always is, became emotional, politically charged and it happened in a heartbeat. to my question, are we better off for this experience? are we having a constructive conversation about race in america? >> if we take the proper positive steps coming out of this experience, we can be better off. three thing i observed. one, don't forget that this started when mr. breitbart threw a fire cracker in a crowded room. >> the conservative blogger andrew breitbart. >> he threw a fire cracker in a crowded room, doctored a video which caused an innocent, hard-working, responsible woman, whose story was of racial reconciliation, to be cast in a negative light. and then it began from there. so, that's certainly an important takeaway. the second important takeaway is the story of shirley sherrod and the spooners. th it is a story of reconciliation, a woman who was willing to admi

cnbc's erin burnett is at the stock exchange. ben bernanke rattled investors with his assessment of the economy yesterday. >> he certainly did, and it confirmed some of the america's fears. he called the outlook, quote/unquote, unusually uncertainly. he called it the worse jobs market since the great depression and would take a significant amount of time to get the 8.5 million jobs lost over the past few years. that cast shadows over very good earnings news in corporate america. ebay and continent airlines today, but. back to you. >> thank you so much, erin. >>> things are looking up for five american white pelicans that were injured before the bp oil spill, but then were this s thought. >>> white pelicans were injured before the bp oil spill but then were trapped by the oil. they had a checkup wednesday at their new home at a zoo in chicago. it looks like one was getting a massage. let's go back to meredith. deep tissue, i say. always go that direction. >> all right, ann, thanks very much. connecticut, parts of long island to so

host: larry kudlow is the host of a cnbc prime time show, thank you for joining us. guest: thank you for having me. host: you recently wrote that the clash between business and administration has become a high drama news story of the summer. tell us more. host: -- guest: there is a bad aspect to the economic problem. you see these business roundtable and others that are really in a blood war with the white house over taxes, regulation, spending, trade, they're all very outspoken about it. the ceo of verizon started this about one month ago. people that pick up on that are asking for business investment tax relief. they would like to have much greater certainty about a rash of regulations coming out of health care, financial bank regulations and other areas. many economists believe that a business investment would be the best job-gainer. we have a very iffy economic recovery. my own point of view on this is that the white house should listen to what businesses are saying. we have the highest corporate tax rate of the large countries around the world, we should from mo

followed by rick santeli on cnbc. on host radio talking to tim geithner and chris christie. fox news sunday reairs at 2 p.m. welcoming the speaker of the house, newt gingrich and how ward dean. and then a look at race elections with jesse jackson. on face the nation, host talks about race in america, the vice chair on civil rights. and finally at 3:30 on cnn's state of the union, host talks about national security with former cia director. and then turning to host of america, and john mcwarner contribute be editor of new republic. wrapping up with president obama and the business community with the u.s. news and world report. five sunday network talk shows beginning at noon eastern, with meet the press, and fox news sunday, face the nation, and then at 3:30 eastern, cnn's state of the union. listen to them all on 90.1 fm in the washington area. or online at c-spanradio.org. >> can you tell us what it is, why you are here today? >> sure, secretary selius was here about three weeks ago and made a commitment to the gulf that she would come back and that we were blessed with loc

host: larry kudlow is the host of a cnbc prime time show, thank you for joining us. guest: thank you for having me. host: you recently wrote that the clash between business and administration has become a high drama news story of the summer. tell us more. host: -- guest: there is a bad aspect to the economic problem. you see these business roundtable and others that are really in a blood war with the white house over taxes, regulation, spending, trade, they're all very outspoken about it. the ceo of verizon started this about one month ago. people that pick up on that are asking for business investment tax relief. they would like to have much greater certainty about a rash of regulations coming out of health care, financial bank regulations and other areas. many economists believe that a business investment would be the best job-gainer. we have a very iffy economic recovery. my own point of view on this is that the white house should listen to what businesses are saying. we have the highest corporate tax rate of the large countries around the world, we should from mo

bertha coombs has been covering the story for cnbc. i have a statement from bp and they say in terms of mr. hayward's future, no final decision has been made. what are you hearing from sources in the u.s.? >> essentially that's an acknowledgment of what we have been hearing from sources. a federal official told me they were briefed ahead of the weekend that there was going to be a leadership change and that tony hayward could resign as soon as today. what we are hearing is that he is still negotiating his package, if you will, to leave. >> you know, some people might be sitting at home asking the question, what took so long? let me ask another question. why now? why at this stage? we are in the home stretch of capping this well permanently and the massive cleanup starts after that. why now? >> the timing, precisely tomorrow at 2:00 a.m. they will release second quarter earnings. this gives them an opportunity to talk about the way forward for bp. since those comments where hayward said "i would like my life back" it was pretty clear he

for more on this, we turn to cnbc walk correspondent. the president would have liked to talk about financial reform, but we weren't talking about that. how badly did that hurt him? >> this is the week that the president struggled with the news cycle. he's had a lot of unfortunate incidents where the stories crop up and the washington struggles to contain them over the course of the week with the sherrod mess earlier in the week, the white house really did not distinguish itself as they were forced to apologize. the president had to make a call. all of that interrupted a news cycle in which the president really wanted to talk about one of the signature victories of his term so far and that was the wall street reform bill. and then late in the week, we get this charlie rangel news. that wasn't good news either. >> and let me ask you about that. the charges have not been officially laid out, but they must be serious if they're taking to this point. what do we know and how much trouble is he? ? >> what we're hearing is that the charges have

cnbc's melissa lee is at the new york stock exchange.melissa. >> good morning to you, amy. and the economy is in focus as well with investors weighing second quarter gdp data and revisions to past gdp reports all the way through 2007. now the data today takes on particular importance simply because yesterday st. louis fed president james bullhard warned of japanese-style deflation, meaning long periods of persistently low growth. the good news, though, here is that most fed economists dismiss the probability of deflation, amy. >> all right. melissa lee, thanks so much. 8:03. let's get a check of the weather from al. >>> today's weather is brought to you by denny's $2, $4, $6, $8 dollar menu. try 16 different value meals all day, every day. >> and we've got all these carrie underwood fans here. all here to have a good time. where are you guys from? >> mahopac. >> mahopac, new york. you came all the way down the thruway, a torturous trip, right past rhinebeck. let's check your weather, see what's happening. pick city today happens to be si

. >> your next question comes from cnbc. >> i am having trouble getting the precise time line. if the containment capa's taken off tomorrow, at what point would you anticipate that the new cap would be put in place and did helix-producer would be on line? would it be 24 hours? >> i think that unbolting the current riser pipe will take some time. we have to have some special tools brought in to undo those six and bolts. -- six bolts. it could take three days to four days. at the same time, by sunday, we hope to start producing on the helix-producer, which will ultimately supplant the amount of oil that would have been recovered by the discover enterprise. it has a larger capacity. >> this will be our last question. >> the last question comes from aaron cooper at cnn. >> the have been a number of scientists who have wanted to do various types of testing on the flow rates and get a better idea of flow rates when the cat is taken off. are there any plans to do any kind of a dive test or anything of that nature? >> when we take the cap off, this sequence of operations probably will

he is a frequent to cnbc. he has written three best- selling books. his career has taken him all over the world literally. we're delighted he could be with us in boston today. let's all welcome alan murray. [applause] >> is this working? thank you for having me here in boston. thank you, governor patrick. thank you, gov. bert. it has been an interesting arrival. i want to start by offering my condolences to all of view -- all of you because you have picked an unfortunate time to be governor. it is the worst fiscal crisis we have seen since the great depression as all of you know. it looks like it will be very prolonged. you may be seeing some pickup in revenues, but whenever you are seeing coming in revenues will be taken up by the federal government at the same time. job growth, judging from the latest numbers, it is very, very slow. it does not look like it will pick up for a long time. on top of that, you have a health care funding crisis layered on top of this. i am sorry, but it is easy to see what a governor might want to become a center. it is

brady talked about -- i heard some people on cnbc talking about it on my way here. they were saying that last month we had an increase in the number of jobs. i am not talking about this report, but the last one. but the rate stayed the same. is that right? >> yes. >> it stayed the same. there were saying you have a situation where if you are going to live and die by the rate, there are certain variables thatome with that. the overall picture is still that we are going in the right direction. in other words, we are not moving backwards. is that a fair statement? >> that is a fair statement. the data is showing improvement over several months. >> this temporary jobs thing -- you talk about it every month and you say that is something significant. at what point would you expect to see that temporary prediction -- that temporary job prediction -- turned into some permanent jobs? do you follow me? >> sure. it is not clear. it predicts turning points very well. and it is continuing to show growth. but to be honest the reaction varies at times. sometimest comes fast, somet

we have cnbc's trish regan where people are again focusing on earnings, trish. >> they sure are, ann.ou. we just got citi out seconds ago. citigroup reports it beats earnings. this comes along with ge parent of this network. it beat earnings expectations. bank of america beat earnings expectations. a little bit of good news there. investors are clearly watching the financials carefully today both because of the goldman sachs settlement you mentioned, ann. goldman is in play. also because of there's a lot surrounding the financials today. keep an eye on technology as well. not such great news out of google after the bell. >> trish regan this morning, thanks. >>> high temperatures and lightning are being blamed for an outbreak of brushfires on thursday across inland areas of southern california. at one point a dozen fires were burning and about 80 people had to be evacuated. >>> and, get this, a man in washington state is now under arrest after police say he stole necklaces and other items from a store. the man was caught when his car ran out of gas just 50 feet away. police are now cal

we have cnbc's melissa lee at the new york stock exchange with more on this. hey, melissa, good morning. >> good morning to you, ann. jobs and earnings will be in focus this morning with investors poring over weekly jobless claims data and quarterly results from the likes of exxon mobil. meantime the e-reader wars are heating up with amazon set to launch two new versions of the kindle. one version will be just $139, much smaller, and are run on wifi networks. both versions will hit the market august 27th. apple has been a major competitor to amazon with its ipad which some analysts have called the kindle killer. 3.3 million ipads have been sold in just the first three months of its existence. ann? >> melissa lee this morning. thanks. >>> and finally now, a rare public appearance by former first lady nancy reagan. she joined california governor arnold schwarzenegger wednesday as he signed a bill proclaiming next february 6th ronald reagan day. that date marks the late president's she looks very pleased. it is now 7:16. let's go back to matt, meredith and al. >>

brady talked about which, and i heard some people on cnbc talking about it on my way here, they were saying that, i think it was last month, we had an increase in the number of jobs, but yet still, the rate -- and i am not talking about this report a last one, the rate stayed the same. is that right? >> yes. >> stayed the same. they were saying that we have a situation where, if you're going to live and die by the rate, 9.5% or 9.7% or whatever, there are certain variables that come with that, but that the overall picture is still that we are going in the right direction. in other words, we are not living backwards. is that a fair statement? i am not trying to put words in your mouth. >> that is a their statement. the discussion is -- the data is showing improvement over several months. >> the temporary job thing. talk about every month, and you say that that is something significant. at what point would you expect andsee that temporary proje prediction, that is that temporary job protection, turning to some permanent jobs? >> it is not clear. it is trending well and continuing to sh

cnbc's erin burnett is at the new york stock exchange. earnings jitters today. >>> after an up monday investors here at least are a bit nervous and part of that is because of ibm. it's a huge tech company. earnings were a little bit short of what investors were looking for and that is setting a little bit of a negative tone this morning. it's not all bad news and it's a sign government stimulus has worked in many places. whirlpool which, as you know, makes maytag and kitchenaide appliances, says thanks to federal rebates for efficient appliances results are way better than anyone had looked for. there are good news news spots out there. will the good or bad win out? we're going to get housing data. we've seen a lot of weakness there and earnings from apple. how the ipad does and goldman sachs and whether the bulls or bears win today. >>> and finally now broadway stars were shining at the white house last night during the celebration of "show tunes." president obama praised musicals as an optimistic art form that calls on us to see the bes

cnbc's erin burnett is at the new york stock exchange keeping a close eye on fed chairman ben bernankerter: good morning to you, ann. ben bernanke is the person to watch. everyone on wall street wants to hear what he's going to say. in his testimony to congress this afternoon, how will he answer the question about how big the risk is that america is going to fall back into recession? does he think the fed needs to do something else to try to help the economy and perhaps, most important, does he think this economy is going to start adding jobs on a massive scale? those are big questions everyone will be waiting to hear the answers to that. his answers matter but another bright spot, ann, maybe he'll think about this. apple says the economy is doing just fine, thank you very much. ipad sales through the roof, and apple knocking it out of the park on earnings. at least people want those gadgets. back to you. >> erin burnett, thank you so much. now here's brian williams with what's coming up tonight on "nbc nightly news." >>> hey, ann, good morning and thanks. as you may know the bluefin t

cnbc's erin burnett is at the new york stock exchange with details. good morning. obvious question, how did this happen? >> meredith, it's pretty amazing. that number you just shared is the one that hits home, ken feinberg says 80% of the money paid out. this is -- right after the banks got government bailouts, but before they faced restrictions on compensation and they took that window to pay out what he says were unmerited bonuses. he highlighted 17 banks of the 419 that he actually investigated. 11 of those banks have since paid back their t.a.r.p. government bailout money including jpmorgan and goldman. others include well known names like aig and sun trust who haven't paid it back. citigroup was highlighted according to "the new york times" as the worst offender. two-thirds of its several hundred million in bonus payments, that year, went to just two people. one of them named andrew hall. they no longer work for the company, but he is the only name that we know of the 600 people highlighted in this report. we do not have names. >> so in terms of going forward

aboeporter: hours ago in london, bp's chairman sat down with cnbc. >> tony hayward has done a great ter: ar the company through almost 30 years. he's almost landed an >>precedented response in the alf of mexico, but it became ghvious to him and to us that in order to rebuild that position, in order to rebuild our brand ,nd reputation, we needed fresh obviouship and that's why we're doing the change. o> reporter: and a mile under ater, progress. right now the well is being we'red for a static kill attempt as early as monday. the final bottom kill, expected as earl days after that. m kile surface, there is less t.rk to do with less oil out there to skim. workver, that great clear view from above isn't necessarily with those on the front lines like fisherman brian scherrman is seeing. >> as we're chasing birds we're kicking up oil and dispersants. we see dead birds. it's only going to get worse. >> reporter: officials say just because you don't see oil in a particular place doesn't mean it's not there. there's a lot of oil unaccounted t see a's under the surface, in hundreds of thousands o

brady talked about -- i heard some people on cnbc talking about it on my way here.bs. i am not talking about this report, but the last one. but the rate stayed the same. is that right? >> yes. >> it stayed the same. there were saying you have a situation where if you are going to live and die by the rate, there are certain variables that come with that. the overall picture is still that we are going in the right direction. in other words, we are not moving backwards. is that a fair statement? >> that is a fair statement. the data is showing improvement over several months. >> this temporary jobs thing -- you talk about it every month and you say that is something significant. at what point would you expect to see that temporary prediction -- that temporary job prediction -- turned into some permanent jobs? do you follow me? >> sure. it is not clear. it predicts turning points very well. and it is continuing to show growth. but to be honest the reaction varies at times. sometimes it comes faster, sometimes later. >> these private temporary jobs had growth? >> there w

. >> your next question comes from cnbc. >> i am having trouble getting the precise time line.e cat is taken off tomorrow, at which point would you anticipate that the new cap is functioning and you will be able to have the helix producer and all of them done? will that be a 24-hour, 48 hour, 70 to our process? >> unbolting that riser pipe will take some time to undo those six bolts. we will stage the new device that will fit over those two pipes that are banded together and that entire process could be three to four days. at the same time, wilwe hope to start producing on the helix producer which will supplant the amount of oil that would of been recovered by the discover enterprise because it has a larger capacity. >> operator, this is our last question our last question is come from cnn. >> did a better idea of flow rate when the cap is taken off, are there any plans for a diet test? >> when we are taking a cab off -- the cap off, my hope is that once the cap is on, and we have completely sealed the well head, we will have empirical pressure data that will tell us what the f

brady talked about -- i heard some people on cnbc talking about it on my way here. they were saying that last month we had an increase in the number of jobs. i am not talking about this report, but the last one. but the rate stayed the same. is that right? >> yes. >> it stayed the same. there were saying you have a situation where if you are going to live and die by the rate, there are certain variables that come with that. the overall picture is still that we are going in the right direction. in other words, we are not moving backwards. is that a fair statement? >> that is a fair statement. the data is showing improvement over several months. >> this temporary jobs thing -- you talk about it every month and you say that is something significant. at what point would you expect to see that temporary prediction -- that temporary job prediction -- turned into some permanent jobs? do you follow me? >> sure. it is not clear. it predicts turning points very well. and it is continuing to show growth. but to be honest the reaction varies at times. sometimes it comes faster,