cnbc news anchor mark haines died unexpectedly last night. he was 65. haines had an irreverent style and the ability to cut through p.r. spin, whether interviewing business leaders or lawmakers. he was one of cnbc's first anchors and hosted a daily program here at the new york stock exchange. our susie gharib worked side-by- side with haines in the early days at cnbc. earlier today, she recalled some of her fondest memories of mark. >> susie: mark haines was a reporter's reporter. he was always interested in getting the story, digging for information, and the ib it sounds cli shea but he was speaking the truth. for many years he and i co-anchored a show at cnbc and i remembered once we were interviewing a stock market bull and mark's questions were so negative and very bearish. the next day we had a market bear on the show, and mark sounded so upbeat and bullish, and afterwards i said mark, what are you doing? and he had this devilish look and laughed and said i just like to keep my guests off balance. that was mark, unpredictable, clever, smart. and a

for other news before the bell, it's nicole lapin at cnbc world headquarters. good morning. >> reporter: hey, good morning, scott. you're right. hybrids and fuel-efficient cars and trucks continue to fly out of dealer showrooms. edmunds.com says the nissan leaf is in most short supply only lasting five days on the lot, that's compared to the lexus ct-200h which also went on sale as the japanese earthquake hit causing huge production headaches for them, but they're still flying out of lots. other hot cars we're hearing this morning, the 2011 hyundai elantra, bmw's x-3. also out of cnbc, flooding on the mississippi river could lead to higher grocery bills for all of us. wholesale prices on corn, on wheat and soybeans all jumping as shipping traffic along the river has been severely limited, as you know. that's because the water simply too high. the coast guard shut down a 15-mile stretch north of new orleans yesterday. it's now reopened but only one barge at a time. the mississippi handles more than half of the country's annual grain exports. >>> bernie madoff ac

for more on the highest and lowest, let's turn to nicole lapin live at cnbc. i was an english major. >> i was a polisci major. >> how did we do? >> not so great. i'll get to it in a second. you had a former life as trader, it might be worth putting money in the markets. the sell-off was triggered by debt woes and signs of slowing economies in europe and asia. europe is higher right now. we get new data out today on bank earnings. the dow dropped 130 points yesterday to 12,381. nasdaq off. also this morning, the government says gas prices dropped 11 cents. it is the biggest drop penny wise since december, 2008. you better believe i am counting. prices are at a five-week low. they are still more than a dollar than one year ago. crude oil prices spurred by a slight demand in energy and a firming dollar. >>> talk about the deep tease. this is one word of advice i will say to this year's graduates. petroleum. seriously. a new study from georgetown shows the projected lifetime earnings of college majors shows petroleum engineers can earn $4.8 million over a 40-year

he was the founding anchor of "squawk box" on cnbc. he's been a fixture of our sister network for two decades. people used the words gruff and rumpled and irascible to describe him, but they were trying to say he was real. he didn't suffer fools kindsly, and covering wall street, he suffered a few of them. he was an ivy league graduate and a veteran reporter, and he was able to calmly report on the 9/11 attacks and the financial me meltdown. he was 62, and our condolences go out to his family and his cnbc family, too. back with more after this. >>> i believe that this nation should commit itself to achieving the goal before this decade is out of landing a man on the moon and returning him safely to the earth. >> that speech by john f. kennedy launching us to the moon was delivered before a joint session of congress 50 years ago today. he set a deadline of 1970, and while he did not live to see it, we made it by the summer of '69, and the kennedy library today released audiotapes on a meeting with the head of nasa on the subject. the pr

we are all heartbroken here at cnbc. our thoughts and prayers to his family.s my friend and my colleague mark.

for those stories, let's turn to cnbc. good morning. >> good morning, scott. futures point to a higher stock market open after a seesaw session thursday. it's friday the 13th, but it's not always unlucky for wall street. stocks rallied 60% of the time. today, we have reports on consumer price inflation and consumer sentiment. the dow is rising to 12,695. the nasdaq up 17. facebook admits it hired a pr firm to take aim at google's privacy practices. facebook asks to pitch journalism experts to write stories questioning how google collects information. the strategy backfired when bloggers disclosed facebook's behind the scene role. x several titles hit the market. sales of sony's play station 3 trailed behind x-box 360 and wii. consumers are choosing alternatives to ps 3. you can now watch big box office blockbusters on the small screen. netflix is offering an app for several android phones including the incredible and nexus one. you can watch on wi-fi. it's available for the iphone, ipad for netflix customers who pay $7.99 a month for service. back to you, scot

let's turn to nicole lapin at cnbc. good morning. >> good morning, scott. great to see you again. futures are lower. coming off a down day. europe is in the red. we get a fair amount of economic data with reports on housing starts, industrial production and minutes from the fed meeting. to recap the dow falling 100 points. the head of the imf is expected to be arraigned in new york this morning. he was arrested on charges of attempted rape on a hotel maid. the imf is expected to hold a board meeting. the incident could not come at a worse time for the imf that oversees the global financial system. europe is looking at bail outs for countries in debt like greece. kick starting a scramble to avoid a default. the white house and congress are trying to get together and reach a budget deal to satisfy republicans so they are going to vote to raise the limit. the treasury department plans to announce the measures today to delay a default until early august. that includes suspending u.s. savings bonds. i was reading a piece in the washington post that talked about conservative economists

i'm sue herrera, get all your business news on cnbc. >> not a bad visit.inder, you can get your business and tech news before the bell, weekdays on "today in the bay" at 4:30 a.m. >>> the president took some time off to joke around with political reporters at the annual white house correspondent's dinner at the washington hilton. the president turned most jokes toward a man who is thinking about running against him in 2012. >> he's taken some flack lately. but no one is happier. no one is prouder to put this birth certificate matter to rest than the donald. and that's because he can finally get back to focusing on the issues that matter. like did we fake the moon landing. what really happened in roswell? and where are biggie and tupac? >> i wish we could see the donald's face. donald trump happened to be attending the dinner and he took it all in stride. after the president wrapped up, "saturday night live's" seth myers got a few shots in as well. >> i still think we all remember that inauguration day, the first lady was there. and may i say for as beautif

for more on that and the news before the bell, let's turn to nicole lapin live at cnbc world headquarters this morning. good morning. >> very good morning to you marla. the dow rising 80 points to 12,960. futures are lower this morning after wall street saw that rebound in commodity prices. they are reacting to last month's fed meeting. they were going to tighten monetary policy. asia was higher. europe is in the green. we are looking ahead to a little bit more market action in terms of economic news as well. we'll continue that conversation in a moment. you are absolutely right. send in the clowns or keep them around for a little while longer. mcdonald's is sticking by their red-haired mascot. they have come under pressure saying the image is outdated. mcdonalds and the shareholders are supporting the clown. they say ronald is a good ambassador for them. they are standing by their clown. how about that? >> you can't blame them. without the mascot? really? it wouldn't be the same. >> it wouldn't be the same. the mascot did scare me when i was little. that's my own issue. >> people are use

we have live at cnbc world head quarters. good morning. >> good morning, scott. a positive open as futures are higher as we come off a down week on wall street despite friday's better than expected jobs report with companies adding 244,000 jobs last month. a drop in commodity prices in gold, oil and silver. there's no economic data today. reports this week on the trade deficit, inflation and retail sales. mcdonald's reports april sales this morning. they have been boosted by the breakfast men knew. the dow rising to 12,638. nasdaq adding 12 to 2827. sony puts up the wanted poster. reports say they may offer reward of information leading to the arrest of hackers who stole data from the online gaming networks. if sony goes ahead, it offers cooperation with the fbi and authorities in other countries. apple is the most valuable brand thanks to the ipad and iphone four. the top 100 report out says apples brand jumped 84% in the past year to $153 billion. google is second ending the four-year reign at the top. ibm, mcdonald's and microsoft round the top five. facebook

for more, let's turn to sharita brantley who is live at cnbc headquarters. good morning. >> reporter: good morning, scott. it's hinting at a positive open. stocks rallied. crude jumped $5 yesterday, but is a touch lower today below $102 a barrel. keep an eye on wholesale gas prices as flooding threatens gas refineries. asia was higher overnight and europe as well. we get data on wholesale trade. business travel is back. companies plan to send more people on the road. a new survey from get there finds 61% expect their travel budgets to increase between 1% and 10%. a year ago, only a third of managers had trouble in spending. business trips are necessary to make money, even as the cost of doing so goes up. with higher air fares and hotel room rates. also, microsoft plans to announce today that it will buy skype for about $8 billion. skype has 124 million users each month. this will be the biggest deal for microsoft. we expect more news on that today. >> thank you much. >>> uc berkeley narrowing down locations for the second campus. there are six finalists. ala

. >> coming up, cnbc's morning maverick joe kernan and his daughter, blake, on capitalism and what they think you need to know about this country's economy. >>> we're covering breaking news >>> you know joe kernen, co-anchor of cnbc's "squawk box." and he's written a book with his 11-year-old girl, blake. the book is called "your teacher said what?" the liberal assault on capitalism, tell me how this started. what was the germ for this book? >> i would say if i had to point to one thing, it's the financial crisis, and the backlash, which is to be expected. >> if you had a moment in the book where blake comes back from school and says something so offensive to you, you decide you're going to do a book. >> it's the bank's fault, wall street's fault. i said there's a lot of blame to go around. but because she's a student, she spends all her day at school with teachers. but she gets it from tv, we get it from the obama administration, main stream media. >> now, blake, let me talk to you about this. do you know what capitalism means, what do you think it is? >> yes. to me, it's the free mark

i'm simon hobbs with your cnbc market wrap.ected jobs report today helping to snap a four-day losing streak. the dow jones industrial added 54 points, s&p up 5 and nasdaq gained 12. stocks were moving steadily lower all week before stabilizing on those jobs numbers. employers added 244,000 jobs in april, well above estimates. the dollar is stronger again today as the euro weakens. of course the dollar was a big drag on stocks all week. commodity holdings like crazy as a result. silver prices falling another 3% today, down 27% over the past five sessions. take a look at oil prices, down another 2% to finish below $98 a barrel, that's the biggest five day slide since 1983. kraft food was the stand out on the earnings front on better than expected top and bottom line results delivered after the closing bell on thursday. that's it from cnbc first in business worldwide. now back to "hardball." >> welcome back to "hardball." we're learning new details today about just what happened when two dozen members of the super elite s.e.a.l.s

. >>> i'm sue herera with your cnbc market wrap.shed slightly lower in a surprisingly volatile session. dow jones industrial average slipping 3 points. s&p 500 down 2. the nasdaq breaking an eight-day winning streak with a 9-point decline. there was an initial bounce on word of bin laden's death. strong earnings and a couple major accusation. humana delivered a 22% jump in first quarter profits. >>> chrysler reported its first quarterly profit since emerging from bankruptcy nearly two years ago. and two big energy names, chesapeake and adarco posting losses due to hedging-related costs. a busy m&a monday. arch coal is buying international coal group for $3.4 billion in cash. that's it from cnbc, first in business worldwide. and now back to "hardball." >>> welcome balk to "hardball." one of the most incredible aspects of the bin laden story, he's been hiding in a million dollar compound, not in a cave, it was in a town just 35 miles outside of islamabad, the capital. right by the pakistani military academy. that country's west point.

that's it from cnbc.e are first in business worldwide, and now back to chris and "hardball." >>> i'm going to love this segment. welcome back to "hardball." since september 11, republicans have taken hold of national security as one of their signature issues. but over the past few months, the gop descended into a party that questions things like the president's birth certificate and his college grades. after the death of bin laden the other day, republicans get more serious. is this their defining moment as they prepare for 2012? jonathan martin is a great reporter on politics, especially, and michael is an msnbc political analyst and national syndicated radio host. and more to the point, you have been the guy chasing -- who is that guy in lesmis who kept chasing the guy and couldn't stop? >> john val jean. >> you have not stopped. no, you were the guy that wouldn't stop chasing him. you have been pushing this issue, as all americans have their soul, but why have you been on the war path on this one issue

. >> coming up, cnbc's morning maverick joe kernan and his daughter, blake, on capitalism and what theyout this country's economy. naomi pryce: i am. i'm in the name your own price division. i find empty hotel rooms and help people save - >> - up to 60% off. i am familiar. your name? > naomi pryce. >> what other "negotiating" skills do you have? > i'm a fifth-degree black belt. >> as am i. > i'm fluent in 37 languages. >> (indistinct clicking) > and i'm a master of disguise >> as am i. > as am i. >> as am i. > as am i. >> well played naomi pryce. ♪ flash, aah-ah l about blackberry playbook? that's right. it runs flash. so unlike some tablets we could mention, you get the best of the internet - not just part of it. ♪ flash, aah-ah ♪ flash, aah-ah this is stacy. who runs circles around asthma. and dan. he never lets high cholesterol get him too low. and amy with her arthritis well in hand. they go to walgreens... where their pharmacist not only refills prescriptions but gives advice... immunizations... and health tests. staying on top of your health starts right in your neighborhood. walg

those are the latest headlines from cnbc in the last four minutes. >> maybe it will be the nicole and laura show. >> reporter: i would like that. well, we have to include christina too. >> of course. in fact we'll bring her in right now. it's the girly show early in the morning. >> so thoughtful, ladies. good morning, we're looking good today. we have some shower on the way but not a gully washer. in fact we're just going to see some light rain. a little bit of drizzle, some light sprinkles, nothing heavy. this is what we're looking at right now, mostly cloudy conditions out there but we don't have the rain in the east bay just yesterday, nor has it even arrived in the north bay. it's pushing towards your areas but we'll have to wait a little longer. by 11:00 a.m. most of the -- the cold air moves in so even with full sunshine our temps will struggle to break out of the upper 60s in some cities. we'll see a couple of 70s but mostly talking about the upper 50s in san francisco and the mid to low 60s inland. 67 in fremont, 65 in san jose. your weekend forecast, and it's a holiday weeken

. ♪ >>> i'm hampton pearson with your cnbc market wrap. >>> stocks finished sharply lower. nearly 84 points. the s & p fell 9. >>> a number of factors weighing on the markets today. we had a weak reading on service sector growth, commodities got crushed for the second day in a row and some investors were just looking for profits in sectors that have already been doing very well lately. that service sector was still expanding in april but at a much smaller pace than it did in march that is a surprising bull pullback in a sector generally pretty stable. silver led a commodity selloff again today. prices have plunged about 19% over the past three days. oil prices lower as well on a surprise jump in inventories. most of the big oil names finishing in the red. and a quick look at companies reporting earnings today, even those that beat expectations couldn't buck the bears that it from cnbc, first in business worldwide. now, back to "hardball." > >>>. >>> welcome back to "hardball" this past week has sent the president's commander in chief capabilities most people think and they

experience as a guest commentator at cnn bluebird radio, which is now one of our tenants, and the famous cnbc closing bell and squawk box, so we look forward to having you do some commentating for all of us -- guest commentator at cnn/bloomberg radio. it is terrific to have you as well as all of the members of the commission, so, welcome to the board. today, we have mostly happy news. the first is, as you know, n.a. is our busiest cruise month of the year, and this year is no exception. in may, we have had 16 calls between may 3 and may 30. i cannot think you will see present any of the maritime staff as we have been really busy. in among those 16 calls, we have had two ship calls. for the month of may, we expect 40,000 passengers just in a single month. that is stunning for us. it gives us a total of the anticipated cruises for 2011 on a calendar basis of 63. which is more akin to sort of our high numbers. put it in perspective, last year, we have only 41 calls. recall that that had a lot to do with some changing economics in the alaska and mexico itineraries. so far in may, we have seen eig

it's courtney reagan live at cnbc headquarters. >> reporter: good morning to you. futures have turned negative and that's after a choppy session of trading yesterday. it was marked by a big sell-off in commodities. silver in fact fell 10%. big swings in the dollar against other major currencies, like the euro and the yen also led to that volatility. oil dipped below $111 a barrel. asia fell overnight. japan is closed for a holiday and europe has ticked a bit higher. we'll get the first report on the job market ahead of friday's employment report. that's the private sector jobs out in about a half hour and we'll get information on the serves sector. >>> the rich are getting richer in the u.s. and in emerging markets like china and india. the ranks of families with more than a million dollars will soar to 55 million. the u.s. will still be home to the most millionaires with an estimated 20 million with a total household wealth of about $87 trillion. >>> don't forget to fill up that tank before you return your rental car. "usa today" says companies are charging more t

for more let's turn to nicole lapin who's straight up at cnbc headquarters. is it friday yet? it's 5:00 somewhere. >> reporter: listen, laura, i wish. i've got to tell you that futures are on the rocks this morning after a choppy session yesterday, stocks falling amid further signs of economic weakness. despite a boost in oil and commodity prices. we do get some data out this morning, demand for durable goods or big ticket items like airplanes and heavy appliances. the dow losing 25 points yesterday, 12,356 is where we closed. the nasdaq gave up 12 points, 2746. so we'll be watching today if we are shaken or, indeed, stirred. many people don't go electric. they don't even want to these days. nearly 60% of folks in a new usa today poll say they wouldn't even buy an electric car no matter how high gas prices get. edmunds.com said all electric cars are niche vehicles but they still question things like the range for charge or the time it takes to recharge a battery. electric cars also cost thousands of dollars more than gas-powered counterparts. >>> here we go, it is happen hour

for those stories and news before the bell, it's chartea brantley live at cnbc headquarters. good morning. >> good morning, scott. futures point to the stock market opening following yesterday's sell-off triggered by a rout in commodity prices especially for oil and gas after the government reported u.s. inventories rose more than expected last week amid sliding energy demand. crude prices dropped more than $5, and it's lower again today, near $97 a barrel. gas had its biggest one-day decline since 200, but it will be a while before drivers see lower prices at the bump. asia prices lower and europe is lower. data today on unemployment, retail sales, and business invei inventorie inventories. dow, 12,630s nasdaq losing. and positive news on jobs. the labor department says the number of job openings rose to 3.1 million in march, highest level since the financial crisis in the fall of 2008. that still lower, though, than the 4.4 million openings in december 2007, when the recession began. there are four people on average competing for every available job. so who's hiring? openin

. >>> for more politics on the palin factor, we're joined by cnbc's chief washington correspondent johnarwood. john, she's got us all talking which is probably part of what sarah palin is looking for. does this go beyond pr for a tv personality or are we watching a campaign for president? >> i think there's a good chance of preserving her voice and her brand. the first thing to know about sarah palin, she has given her negatives nationally in this country. she has next to zero chance of being elected president, probably can't even be elected to win the republican nomination but what she probably could do, as fred malik suggested in kristen's piece is deny tim pawlenty to consolidate support on the right as an alternative to the establishment front-runner, and that's mitt romney. >> she's sucking up oxygen in the room, just after we finished watching the donald trump will he or won't he game. >> donald trump lent an air of chaos to the republican race. they don't need any more of that. republicans also don't need to absorb sarah palin's national negatives in this race. i think what repub

those are the latest headlines making news out of cnbc. back to you. >> thank you very much, nicole. >>> potentially smelly situation underground causing stink above ground in one east bay city. it involves miles of sewer lines in san leandro. the city says it does not have to maintain the lines anymore. >> reporter: michelle bloomstein is crying foul when a situation she believes just stinks. >> it is a $10,000-plus bill from the city. i think that they are passing the cost to infrastructure on to the individual citizens. >> reporter: bloomstein is one of homeowners in the dowling triangle who may be forced to shell out several thousand dollars. >> so all of this that we have is now useless. >> reporter: because of a new city ordinance, homeowners like bloomstein could be hit with a $10,000 bill. in order to pay to move and reconnect the lateral sewer lines that run on their private property to the new main line. >> we expect sewers, police, fire, and roads and street lights. these are all basic infrastructure we expect from the taxes. >>

for more on that and news before the bell, let's turn to chartia brantley at cnbc headquarters. >> reportergood morning. futures are pointing to a flat market open after wall street put in a third day of gains yesterday. investors were optimistic microsoft's deal to buy skype may encourage more takeovers and china's trade surplus is calming fears about slowing growth. asian markets were mixed and europe is as well this morning. today we get trade deficit data and earnings from macy's. the dow gained 75 points to 12,760, the nasdaq adding 28 to 2871. >>> damage from the mississippi river flooding could hit $4 billion. although economists say it's still too early to tell. manufacturing could be hurt if shipping lanes are disrupted. oil prices are rising as flooding threatens 11 southern refineries. casinos located along the mississippi are expected to be closed this weekend, meaning millions in lost tax revenue for states and income for 13,000 workers. so, scott, there are many ripple effects from this disaster. >> all right, thank you very much. >>> state analysts meanwhile want to put the b

host: new tupelos yesterday on cnbc. -- nancy pelosi on cnbc yesterday. caller: thank you. i have watched for years and years. i am so supportive of congressman ryan for getting this issue out and speaking about it. i think it is critical. i'm very happy about that. i am disappointed that newt gingrich slammed him over the weekend. i think that is very disappointing. i would like to make a comment about another issue. i am 62 and not on medicare. i paid for my own insurance, and i have a wonderful general practitioner that does not take any medicare people, because the doctor is not reimbursed adequately for the effort she put in. i pay cash to her. i put a discount because they do not file any insurance papers. -- i get a discount because they do not file any insurance papers. the government is going to force people to do it their way. i think it is so un-american. very disappointing. i am so glad congressman brian is bringing it to the point of discussion. -- ryan is bringing it to the point of discussion. host: we want to show you how this is being in the congressional e

as i jump back, cnbc confirms what i thought. pull the trigger -- done.[ cheers and applause ] ♪ hey marcel, watch this! yeah, marcel! -marcel! -hey marcel! are you listening to me? marcel! [ male announcer ] only at&t u-verse lets you follow your favorite channels on one screen. just $29 a month for the first six months -- dvr included. in the network there are no hard choices. ♪ [ cheers and applause ] >> jimmy: hey! our next guest is a talented young actress who was nominated for an oscar and every other award on the planet for her work in "winter's bone." she's now starring in the anticipated new superhero prequel, "x-men: first class." please welcome back to the show the lovely jennfier lawrence. ♪ [ cheers and applause ] >> jimmy: thank you, thank you for coming on. >> yeah, of course. >> jimmy: that was a nice -- "muah." >> yeah, that was. that was a perfect kiss. you gave me a really nice "muah" kiss. >> i was so relieved 'cause i walked the right way this time. last time, i went straight for the band. >> jimmy: that's what happened to jim. >> yea

lisa ling, host of "our america" and suzy orman from cnbc. welcome, ladies. quite a sad day. you've been associated with oprah through magazines, a tv show, all sorts of different guises. i guess the obvious question for you, given your expertise in personal finance, tell me about oprah the businesswoman, because she's amassed this fortune by cementing herself as this queen-like figure in america. >> this is a queen-like figure that probably deals with her money better than most people i come in contact with. for instance, if i consider to say to you, do you know how much your utility bill is every month, what would you say to me? would you know the answer to that? >> a very convincing answer. >> if you asked ms. winfrey how much her utility bill was, she would be able to tell you. she opens up her bank statements. it does not matter how wealthy she gets, she has never gotten out of touch with realness of it. oprah is an everyday person, really cares about every single penny she's ever made, and i love that about that woman. >> i was struck when i interviewed her that she sai

by two former bush administration officials, tony fratto, the deputy white house press secretary, cnbc krktkrkt contributor and cory shockey worked in the pentagon, she's a research fellow at the hoover institution, author of "managing american hegemony." let me ask you both, how much credit do you give president obama for this successful mission, tony? >> i give enormous credit. it was a brilliantly conceived and executed tactical effort and very, very successful in the end. frankly, i think a lot of this debate over who deserves more or less credit is like a bunch of guys after a football game in the bar arguing that -- whether it was a great touchdown pass or a great touchdown catch. i think this is a brilliantly executed effort here. we should, you know, focus on what intelligence we gained from this and think about going forward because the history will be written, but we need to think about our future attacks on this country. >> cory, what do you think? >> i agree with tony's judgment. i think the president deserves a lot of credit, in particular for sending a team of military an

tonight on cnbc. >> the hacker underground. sounds like a scary place. melissa, thanks so very much. >>> there is a new "american idol." scotty "mchotty" mccreery beat out lauren alaina to become the youngest winner ever. now that the country singing former grocery store clerk has won a record contract, he says he wants to spend some time on the couch eating chips and watching espn. i think he deserves that. scotty and lauren will perform right here as part of our summer concert series. it was a country showdown. i stayed up way too late watching it. >> very exciting. >> they're both so equally talented. >> as someone who hasn't seen that show, was that editorial "mchotty" yours or -- >> no. that was not me. >> that's his moniker? >> his voice is stunning. it's amazing. there was a quote from me saying if my life were a song, it would probably be titled "roller coaster" because of all the exciting moments in it. >>> mr. roker is in here sporting his spiffy new ipad cover. >> thanks so much. let's see what's happening for you. for today, we're talking abo

we'll follow it all on cnbc money. >>> and i'm a.j. hammer. announce which shows made the cut for next season and which shows are canceled. and a huge week for johnny depp and me nelpenelope cruz as "yo ho ho" opens in theaters. >>> haiti has a new president, a former pop star. >> that's right. he was known as sweet mickey, but now he is haiti's 56th president, he'll spend his first week in office this upcoming week. in the inaugural speech, he said this is a new haiti open for business now. he has the great challenges ahead of him with the big question remaining, what is he going to do for the country with over 7,000 people homeless after the quake. so that's what we are going to be watching for into next week. >> you know what, it seems like he's a pop star, wyclef jean had a chance. >> e the did at the time, yeah. >> this is devastating, 5.3 quake damaging four or five homes here? >> it was a dual quake back to back, but we didn't see the devastation we saw in haiti, for example, and most recently in japan. don, this is a city, a town of 90

my colleague is melissa harris perry who is an associate of professor of politics and as well as a cnbc contributor. she joins us from new orleans. always good to speak to you. >> nice to talk to you. >> and we are seeing the new details coming out of the white house and the administration of the plans to kill osama bin laden, and talk to us a bit about what the process reveals about president obama, and do you think in your opinion, does this operation showcase the president in an entirely new light? >> well, you know, it is interesting in part, because we have found out the timing about when he was making these decisions. which means that as he was standing there at the white house press club, sort of making these jokes and being light and funny about the anxieties around the birth certificate question for example, we now know that he understood that there was an entire p operation afoot around bin laden, and that tells us something about the president's ability to multitask and do two things at once and to effectively be protecting the country at the the sasame time trying to operate

we'll check in now with cnbc courtney reagan. joins us with more on that and the rest of the day's headlines. hi, courtney. >> stocks are slumping. the dow is down by about 65 points and that follows a drop yesterday. precious metals also lower. gold is now trading below $1,500 an ounce. oil prices falling again today. i believe we're around $102. it's hard to keep track. asia was lower, as well, on concerns about the u.s. and chinese economies. a mixed bag of economic news this morning. same-store sales came in strong for the month of april so that shifted the sales into april from march. but then as you mention, barbara, jobless claims climb to an eight-month high posting a gain of 43,000 for the week, surprising economists predicted a drop of 410,000. gm reported very strong earnings beating the street by 4 cents per share after posting some very strong sales numbers earlier this week. >>> now, bank of america will focus on parts of the country hit especially hard by homeowners struggling to make monthly payments because the p

cnbc's melissa francis joins me live now. look, on the one hand, you have the biggest hiring spree in five years, and yet we're seeing the unemployment rate climb. why is that? >> well, in a basic sense, there are two different surveys. one is the payroll numbers as companies go out and make payments, that's one thing they're measuring. the other thing is a household survey where government officials call around to different houses and ask what's going on. so they're two totally different surveys. that's why they show different things. if you look inside the numbers, there was a ton of great numbers and the market reacted to it. there was, you know, a little bit of news that wasn't so great when you look at, for example, the labor participation rate stood at 64.2%. the same as it was last month. the number of people employed, 13.7 million people out of work. that is the same as it was last month. the total number. so even though we saw some hiring in one survey, we saw things static in the other survey. overall, though, the m

. >> becky quick, thank you so much, cnbc. >>> coming up next, is bin laden's death the u.s. out of afghanistan? what the end of the ten-year manhunt means for the 100,000 u.s. troops still fighting that relentless insurgency in afghanistan. we'll have a live report. >>> and still to come, breaking soup news out of the white house mess. where is chuck went we need him? move over, chicken noodle. there is a new soup in town. >>> first today's trivia question from the almanac of american politics. hey, did you ever finish last month's invoices? sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announcer ] marriott hotels & resorts knows it's better for xerox to automate their global invoice process so they can focus on serving their customers. wi

cuts for how the markets are reacting to this and all of the day's news, we turn to nicole lapin at cnbc headquarters. good morning. how are you? >> good morning, my dear. also that is why they are doing this after the markets close because they don't want to disrupt what it was like in 2008 when we saw the biggest drop in the stock market ever. just to give you a little tidbit there. futures, though are high they are morning, laura. stocks lost ground as you well know on europe's ongoing debt crisis last week and weaker than expected data on manufacturing, housing, and consumer spending. asia rose overnight. that came over to europe and then that's coming over to us. we are watching a couple of key economic reports this week. topped off. cherry of them all on the sunday, friday, key jobs report. today we are looking at home prices, manufacturing, and consumer confidence. but to recap on friday, the dow actually rose but was down for the week. 38 points is what we gained friday, 12,441 is where we close. nasdaq composite added 1327.96. with nearly 5 million homes lost in the foreclosure

in fairness though, our new slogan at cnbc is capitalize on it.s her name? >> irwin. >> when a father wants his daughter to understand what he's doing, i don't think it's that different. hopefully i won't get stung by a stingray and you will take over the show, but when i'm 100 you can take over. >> it was nice of you to come and include your dad. i appreciate it. >> i try. >> we want to tell everybody. the book is "your teacher said what"? >> thank you very much. >> my pleasure. >> a reminder, you can catch "squawk box" on cnbc weekdays at 6:00 eastern. up next, getting paid what you're worth. first, this is "today" on nbc. >>> mika brzezinski is best known for her work as co-host of nbc's "morning joe" but mika wasn't always where she wants to be. she writes about her talent and capitalizing it in her second book "knowing your value." good morning. >> good morning. right off the bat you write, if i had written the book ten years ago and taken advice to heart i would be a millionaire today. that's a bold statement. what do you mean? >> well, for

. >>> now to wall street with cnbc's mandy drury.ongressional hearing today. >> you're right. oil ceos are on capitol hill getting a grilling by senate democrats over why the big oil companies are making big profits and getting generous tax breaks while the man on the street is paying such high gas prices. this all comes as commodity prices suffered. oil and silver all down and they obviously took stocks with them as well. we're going to see whether or not that pans tout same way. back to you. >>> and bringing you the news can be a dirty job, but somebody's got to do it. take a look. tara moremorgan, an affiliate reporting when a camel getting kind amorous. he got a taste of her. he was eating her hair. >> why are you eating my hair. >> exactly right. it is now 8:04. let's go to al with a check of the weather. >> announcer: al's pick city of the day brought do you by capital one's venture card. what's in your wallet. >>> and our city today happens to be lost wages, las vegas, nevada. did you know if one person tried to stay in every

i see them on cnbc all the time saying they can produce oil at $20 a barrel. pay somebody to refine it and keep those resources here in america. guest: are you suggesting to nationalize -- if the suggestion was to nationalize the oil industry, i do not think anyone is discussing that or would be supportive of that. yesterday on the floor of the house as we were debating the final stages of the bill, the representative from new mexico offered a motion to recommit that would specify whatever is produced as a result of these new leases would remain for domestic distribution in the united states. what we were saying is if it is oil coming from u.s. lands being drilled by a u.s. company, then they should be in the u.s. market for distribution and for refining and distribution. that motion to recommit was defeated. frankly, i do not understand the logic that the public has followed in voting against it. i do think that if oil is coming from federally-owned land, that we have leased to private companies, it is not unreasonable for that oil to stay here so it will hav

they were interviewed by cnbc enter mary bartiromo. this is tested by the pettersson foundation. due to technical problems we can only show portion of representative ryan's interview. >> host: as we heard this morning from michael peterson and the courts that addressing america's long-term debt is one of the most difficult and important issues facing policy today. in this section right now we speak with two of the leading washington authorities on economic policy, paul ryan of the house budget committee and gene sperling, head of the national economic council. before i bring chairman ryan out, last month he introduced a proposal to reduce long-term deficits without raising taxes. the plan proposed significant changes to the medicare program, medicaid and other costs in federal spending. some people have hailed the program as positive. others have criticized it. let me bring on mr. ryan as he soldiers on about that plan. [applause] >> thank you. i got caught up with president clinton. >> great to have you today. we will talk about your plan and comments on the white house plan. so

. >> the other day the present economic adviser was on cnbc and jim cramer asked him why did decision doesn't talk more about the successes. by longtime the politics have been very toxic. >> i talk about them quite a b bit. >> but what i hear now is public thinks bailouts, bailouts are better. i think administration is starting to talk more about tough choices. that sounds better than bailouts. can we expect to hear more of that now? >> well, i think it's important for people to understand and i think it's a hard thing to explain how far we've come, why we're in a much stronger position to do even with all challenges we face. and that was not an accident but it did happen on its own and it would not have happened without the type of choices that the president made using authority congress gave him. and, of course, just to give credit, he was building on a set of hard choices made by predecessors and by president bush to as the. i think what was what was remarkable for this country at the time was you had a president willing, during the transition, before he took office even, to make s

. >> suze orman, host of cnbc's "suze orman show."estion people are asking left and right. let's start with alicia. my husband and i about to apply for a home loan. we are both u.s. navy vets. i have a high monthly payment for a car loan but a small amount to pay off. i heard it's a bad idea to pay off your car before buying a house. should we pay it off to get approved for a higher home loan. >> here is the problem, you guys. everybody gets advice from people who don't know what they are talking about. it drives me crazy. here is what i'm going to tell you right to your face. are you kidding me? the key here is you want to have a high fico score. the higher your score, the lower your interest rate. if you pay off your car, less money you owe means you have a better fico score. of course pay off your car. whoever told you not to is a little, if you know what i mean. >> what if it's her mother? you just upset the family situation. >> your mother that is giving you idiotic advice. >> my husband and i are in our late 20s and owe $40,000

. >> the other day the adviser austin calls beavers on cnbc and jim crimber asked why the administration doesn't talk more about the success for a long time the politics have been very toxic but what i hear now is the public thinks bailouts are bad but i hear the administration starting to talk more about traces that sounds better than bailouts. do we expect to hear more of that now? >> it's important for people to understand and a hard thing for people to explain how far we have come, why we are in a stronger position to even with all of the challenges we face and that that was not an accident. it didn't happen on its own and would not have happened without the type of trees is the president made using the authority to confiscate him and of course, just to give credit, he was building on a set of hard choices made by my predecessor and president bush as well and i really remarkable for the country at this time is you had a president who was willing during the transition before he took office even to make sure he had the authority to do what was necessary. so i think what is very hard fo