sue herrera joins us live from cnbc world headquarters now. good morning, sue. >> good morning, marla. it's been a very rough day on wall street so far. a lot of worries about whether or not the economy is on the brink of going into another recession. a lot of this the actually began yesterday after the federal reserve decided to make one more attempt at spurring demand in the economy. and they released a statement along with their decision to keep interest rates lower. they said there was significant downside risk to the u.s. economy which which was why they were keeping interest rates low. well, wall street didn't like the sound of that, understandably so and it ushered in selling late yesterday afternoon and that has continued today. also, europe is still a worry. their banks are having a lot of troubles as you know, the greek debt situation has not been resolved. so wall street right now, they're heading for the exits. we're down better than 400 points so far today. >> okay, sue, cnbc world headquarters. checking the forecast now. we're go

sue herrera from cnbc global headquarters tonight. sue, as always, thanks. >> my pleasure. >>> president obama says u.s. workers can get back to work by rebuilding all the roads and bridges and rail lines and airports that are crumbling in this country and need fixing. today he chose to highlight a bridge between two important states and found himself in some troubled waters politically. nbc's kristen welker is with us tonight traveling with the president. cincinnati, kristen. good evening. >> reporter: good evening to you, brian. president obama talked policy but it was really politics as he used this bridge behind me to draw battle lines with his top republican adversaries in congress. [ cheers and applause ] >> reporter: president obama came to cincinnati today to tout his jobs plan in front of this aging bridge which links the home states of republican congressional leaders john boehner and mitch mcconnell, playfully engaging his partisan audience. >> now, that's just a coincidence. [ laughter ] >> purely accidental that that happ

speaking at an investor conference held by cnbc in new york city on wednesday,.. geithner told cnbc host jim cramer that... other countries will take market share away from us companies... if the trade pacts are not approved soon. he expressed confidence, however,... that congress has a bipartisan strategy in place... to pass the pending ftas with korea, colombia and panama... calling all three "good agreements". but geithner did not specify when the obama administration will send the related bills to capitol hill. a recent survey shows... that a growing number of americans believe that asian countries are more important to the us... than the country's traditional allies in europe. oh jee-hyun reports. a new poll has found that more than 50 percent of americans think asia is more important than europe to their country's national interest. the transatlantic trends 2011 released on thursday,... which is an annual survey of american and european public opinion,... shows that 51 percent of americans feel that asian countries,... such as korea, china and japan... are m

we get the story from cnbc's brian shactman, in williston, north dakota. >> reporter: these are boomimes in north dakota. >> it's a zoo. it's crazy, what's going on out here. >> reporter: something that's happening almost nowhere else. so many jobs, there aren't enough people to fill them. help wanted signs are everywhere. >> whether it's walmart, there it's halli burton, any local trucking company, everybody is looking for help. >> reporter: employers are often paying double, even triple to get that help. how much are you going to make? >> $80,000 to $90,000 a year. >> reporter: what did you make last year? >> 30. >> reporter: it's all because there are billions of barrels of oil inside a rock formation here. 14,000 square miles in north dakota, montana and parts of canada. discovered decades ago, only recently has technology made it possible and profitable to drill here. >> it's the largest oil field we've found in north america in the last 40 years. and if it's more than 15 billion barrels, it may be the largest oil field found in north america ever. >> reporter: getting it out of

secretary of state hillary clinton told cnbc this morning why it is so important to take this threat seriously. >> by making it public, you enlist literally millions of people to be your eyes and your ears. remember, we were very fortunate to foil the times square bomber, because a food vendor some something suspicious, so we want people to go on with their daily lives and get out and get around, but keep your eyes open. >> and joining me now is justice correspondent pete williams and good afternoon to you. can you tell me the difference of something that is credible and still yet unconfirmed? >> sure. if you have a neighbor who has told you accurate things in the past, sometimes inaccurately and your neighbor tells you that something is happening to another neighbor, that's credible. but it is unconfirmed because you don't know whether it is true or not, and that is what we have here. what we are told is that this comes from the source who has given reliable information to the u.s. in the past, and sometimes not so reliable, but has a record of telling us things that are true, and h

and in an interview with cnbc, boehner indicated that the divide over the duelling bills runs deep. >> it's almost as if we're two groups of people from two different planets who barely understand each other. >> reporter: nbc's mike viqueira is at the white house this afternoon for us. good afternoon. >> reporter: hi, alex. >> boehner says no way to the tax piece, democrats luke warm to the president's plan calling it too big. how concerned is the white house about whether or not the president's bill can and will move forward? >> reporter: it's interesting, speaker boehner was sort of dismissive of some of the centerpiece items in the presidential jobs package, notably the tax credits of businesses, cutting payroll taxes in half for not only employees but employers as well. he says look because the regulatory structure and the tax structure in this country is so messed up to begin with, i don't know if a $4,000 tax credit is going to provide enough incentive for an employer to hire someone that they otherwise would not hire. the trouble with that logic is i guess there are a couple of

jim cramer is the host of "mad money" on cnbc.ween where you work and think and where i work and think is so great, all my producers and friends don't get it. the stock market is way up from where it was, everybody's up there is doing great if you look at the numbers, hate this guy. why? >> okay, first, i'm going to agree with you, that the market has been fabulous. which is one of the reasons i'm always so astonished when people tell me that the problem is obama. i mean, it's clear washington can be dysfunctional, but democrats and republicans not getting together. but when you get offline with ceos, it's not just wall street, but industrial america, what they tend to say is, listen, we want to add, we want to hire, we want to grow in the united states. but everything is so up in the air and when it gets to the point where we're thinking about what washington's going to do, we know we're going to be the loser if president obama is making the decision, because president obama does not favor wealth creation and corporate profits. n

ron insana, good friend at cnbc. teles, thank you both. >> thank you. >> thanks. >>> this morning on "morning joe" former vice president dick cheney promoting his new memoir defended the bush administration's decision to go to war in iraq against saddam hussein. >> it's very clear that he had preserved the capacity to produce, he had the people and the technical know-how, he had the feed stocks and he had the intent, once the sanctions were lifted, to go back into the business again and convinced all of his senior people that he did, in fact, have weapons of mass destruction. >> by the way, yesterday, former secretary of state condoleezza rice, who cheney in his book says tearfully admitted that he had been right about not issuing a public apology about the botched iraq intelligence, is firing back. she told reuters in an interview it certainly doesn't sound like me, now, does it. she also ripped cheney for claiming she misled president bush on nuclear talks with the north koreans, saying quote, you can talk about po

. ♪ >>> i'm scott wapner with your cnbc market wrap. stocks slumping to a negative finish. tumbling 119 points, standard & poor's 12 and the nasdaq, 19. federal reserve chairman ben bernanke failed to provide new hints on policy at his speech in minnesota. the dollar climbed to a two-month high against the euo , interest rates unchanged in heights in april and june. fedex and boeing moved lower despite reports fed eaks may look to upgrade its jets. google edged higher on word it's buying the 32-year-old restaurant service. slipping despite trimming loss as charges offset revenue. yahoo! shares surged on reports co-founder and ex ceo jerry yang is trying to buy the company and a major shareholder called for an overhaul of the board of directors. >>> that's it from cnbc, first in business worldwide. now back to chris matthews and "hardball." >>> welcome back to "hardball." the republican debate last night was over social security and whether it amounts to a ponzi scheme or not. let's listen to it. >> it is a ponzi scheme to tell our kids that are 25 or 30 years old today, you

cnbc's brian schactman. brian, thanks. >>> attention target shoppers.e been standing in line next to first lady michelle obama. the first lady stopped in at the potomac yard target on route 1 in alexandria yesterday. she dressed incognito wearing a nike hat, sunglasses, and a button down floral shirt. secret service agents arrived about 30 minutes before mrs. obama. she walked in with an assistant and shopped around for 30 or 40 minutes. there's inform word on what she ended up buying, but no one seemed to notice her until she got to the register. >> why wouldn't she shop at target? where else is there to go to get shampoo and toilet paper and bras and cat food all in one place? >> that's so true. target's corporate headquarters did not issue a formal statement about the shopping trip. however, the company did tweet "first lady michelle obama may be incognito, but there's no denying those signature target red carts." >> i love the shots of the people around. they look clueless like what's going on? >> what did she buy? >> i know what she bought. sweater

. >>> i'm brad goode on your cnbc market wrap. helping stocks crawl back from big declines. jones industrial climb back from the red after being down 300 points at the start of the session. the standard & poor's losing and the nasdaq up to 6. the general consensus, things aren't great in the u.s. but they are a heck of a lot worse in europe. european shares did a two-year low closing overnight on concerns enthusiasm for bailing out its neighbors could be wani waning. here the service sector snapping a three-month streak in slower growth and solid interest in techs and biopharmaceutical stocks. dell teaming up to dwept a tablet computer for the chinese market, netflix launches a movie stream service in brazil and sunoco off refining to focus on logistics and a new arthritis drug met two main goals in late-stage trial. >>> that's it for cnbc pshgs first in business worldwide. now back to "hardball." >>> welcome back to "hardball." at the nbc/"wall street journal" poll numbers have show earlier confirm aches the tea party is taking over the republican party fueling rick perry's

you can find a list of organizations taking donations online at cnbc cnbc/impact. >> here's susan hendricksn, the international committee of the red cross has been granted access to a detention facility in syria for the first time since the political uprising began in february. meanwhile, human rights' groups say security forces killed six people today. and 70 people were arrested when dozens of homes were raided in the province. we cannot independently confirm these reports. >>> pakistan's military says a senior al qaeda lead they are want topped attack targets in the u.s., europe and australia has been arrested. u.s. says this arrest is a major blow to the terrorist group. >>> in italy in a courtroom, amanda knox' appeal case continues. the italian prosecutors are defending the dna testing that linked the student to the 2007 killing of her british roommate. knocks' 'defense team argues the dna evidence used in the original trial is not conclusive. >>> it's official, after weeks of rumors, carla bruni is pregnant and she says she will keep the child out of the spotlight. it will be difficu

. >>> i'm amanda drury with your cnbc market wrap.lly hoping to push stocks to a positive finish, with the dow jones industrials climbing 69 points. the s&p 500 adding 8, and the nasdaq picking up 27. it looks like europe might be driving the markets again this week. stocks were trading lower for most of the day on concerns of a possible greek debt default and also potential ratings downgrade for french banks. and a report that italy is looking to china to help ease its own debt problems, asking it to make some significant bond purchases and invest in some of its strategic companies. in stocks, chipmakers were a hot ticket after broadcom said it's buying netlogic for more than $3.35 million. elsewhere, amazon is looking to launch a media library service, where customers would pay an annual fee to access content on their tablets and ereaders. and that is it from cnbc. we are first in business worldwide. i'm going to hand you now back to "hardball." >>> welcome back to "hardball." today president obama surrounded by teachers, firefighte

romney responded last night on cnbc. >> i'm not responding to governor perry right here. he's not here. i would get to do that at some points. i've been in politics long enough to not worry about what others are saying, but instead talk about what i believe. >> do you understand how the economy works better than governor perry? >> i haven't spoken about governor perry, but what i've said is career politicians don't know what it takes to get this economy going again. evidence number one is what's going on in washington, d.c. >> you saw last night governor romney very careful not necessarily to engage rick perry by name last night. we'll see what happens tonight and finally for the remaining candidates on stage, it's now or never time. michele bachmann is under pressure to right her ship tonight after a shake-up in her campaign. in the last six weeks bachmann's support has not only cut in half, but dropped to double digits among tea party supporters and supposedly her base. tonight could be the last few moments for john huntsman to make a new impression who thought he would

that's cnbc business, first in business worldwide. "hardball." >>> welcome back to "hardball." house majority leader eric cantor had the democrats an irresistible issue saying money to pay for hurricane irene would have to be offset by spending cuts. listen to this. >> this is a time in an appropriate instance where there's an appropriate federal government role. those monies are unlimited and we've always said we've offset that which has always been funded. just like any family would operate when it struck with disaster. it finds the money it needs to take care of a sick loved one or what have you and finds a way to go without buying a new car or put an addition ones house. >> suggesting cantor is heartless since he asked for aid wound offsets, but now seeing it as bad policy and bad politics. joining me to talk about this, democratic congressman frank of new jersey and roll call associate eder christina belentony. i'm envious of brian williams. this would be a great debate question to ask next week at the reagan library of the gop c

cnbc contributor keith boykin is editor of "daily voice" and matt lewis is with us.oon to you. michele bachmann is she still relevant in this race, keith? >> she's going to be relevant because she's the only female candidate in the race but i think the media is trying to make her a third fiddle because mitt romney and rick perry seem to be getting all of the attention. last night it seemed to be sort of the more of the same. i don't think she stood out but i don't think that rick perry didn't stand up very much last night. he was flat and it hurt him as well. >> is it the media that sort of relegating michele bachmann to the second or perhaps even third tier status or the polls? numbers have dropped and no coincidence that as hers have dropped, perry's numbers have surged. is michele bachmann's fall because of rick perry's rise? >> i think so. you are right. it's weird. you get in these debates but then they don't ask you questions and you're like sitting there for 20 minutes and that does obviously hurt the candidates who are excluded. having said that, michele bach

that's it for cnbc. first in business worldwide.k to chris and "hardball." >>> back to "hardball." the news of a potential terrorism threat right now using car bombs in bridges and tunnels in both new york and here in washington broke last night. it's already added to the heightened security in both cities, and with this weekend's 9/11 memorial events marking what happened ten years ago. and calming americans and tell them to remain vigilant. i'm not sure what you're supposed to make of those two calls. listen to the vice president explaining the threat on "today" early this morning. >> this is information from a credible source that indicated this was an intent. we've not been able to confirm, nor that source confirm that we know who the individuals may be that are trying to find access to the united states, and -- but we're taking it seriously. >> joining us now, nbc terrorism experts, analysts rather. i don't know if anybody's an expert. evan cohen and michael sheehan who also served as former nypd anti-terrorism. thank you both.

>>> i'm oriole morrison with your cnbc market wrap.eet, the four-day rally ground to a halt on mixed economic reports. the dow jones industrials sliding 119 points. s&p giving up 14 and the nasdaq finishes 33 points in the red. caution was the word of day. we're forofficially in septembe. the worst month of the year for stocks. not to mention all-important august jobs numbers from the labor department. predicting in change in the unemployment rate. retailers mixed on a smaller than expected jump in same-store sales in august. andç ending the practice of ro signing mortgage applications and compensate borrowers for wrongful closures. and a judge threw out a verdict against s.a.p. saying oracle had only proven some in mortgages. >>> that's it for cnbc. now back to "hardball." >>> we are not yet in the place in this country where the first responders can talk with one another. ten years after 9/11 we are not yet at the place where we know who's in charge at the site of a disaster. >>> welcome back to "hardball." that's 9/11 co-chairman o

. >> cnbc's jane wells is live in los angeles with the very latest on this. jane? >> hi.wish i could say this is about obesity and what's healthy, it's about money. the ads that you showed, the sugar growers in the western part of the state, particularly sugar beet growers, that's where your table sugar comes from, say those things are misleading. they call it a $50 million ad campaign, which is stealing food identity, and basically saying that corn, high truck toes corn shirr up manufacturers are lying to the public that this is a natural product, that this is just like sugar. they want money. they want the advertising to stop. they want money so that they can launch a countercampaign, and they want to be, quote, made whole for any losses in market share that sugar has gotten of high truck toes corn syrup with this ad campaign. what the judge is asking inside is can you prove this is commercial speech? most of these statements are coming from a lobbying organization. is that an ad campaign, or is that just speech? and can you also sue for an ad campaign, if it is one, th

that's it from cnbc, first in business worldwide.ball." >>> welcome back to "hardball." it was a major embarrassment for house speaker john boehner last night. the house voted 230 to 195 to reject the stopgap spending measure he brought to a vote. a measure that would have helped fund disaster relief. and it was the right flank of his party that helped kill it, joining almost all the democrats. 48 republicans, many associated with the tea party. the possibility of a government shutdown looms now at the end of the month if congress can't pass something. can boehner control the tea party? that's a question we're going to ask the "hardball" strategists tonight. does this all add up to an overwhelming disapproval americans have for congress, as shown in poll after poll? and does it give democrats any help in next year's elections. good question. point number two in our debate tonight with the strategists, with the president's approval number dropping, some in the congressional democrats are worried about the prospect of having to run on

here's eamon javers from our partners at cnbc. >> reporter: good evening. the department of energy put its best foot forward today here at a solar decathlon on the national mall, showing off new advances on solar technology on some of these demonstration homes you can see here behind me. but at the same time, the department of energy continued to push forward on the controversial loan program that ended up in the result of a bankruptcy at solyndra. now, republicans have said they would like the department of energy to stop with this loan program, but the department says it's pushing ahead, guaranteeing up to $5.3 billion in new loans as early as tomorrow. now, the obama administration continues to face fallout from this scandal, and investigators are trying to figure out who inside the administration knew about the company's financial woes and when they knew it. eamon javers, cnbc, business news, washington. >>> dramatic testimony today in the trial of pop star michael jackson's personal doctor, conrad murray. alberto alvarez was the first of jackson's secu

courtney, thanks very much from cnbc's world headquarter. will be back in 30 seconds. >>> bottom of the hour now. quick look at what's driving the day. president obama is in hoff hooh today. the backdrop, a bridge that he sites as an example of infrastructure improvements that can create those jobs. it's a bridge that connects ohio and kentucky, home of boehner and mcconnell. >>> nine presidential hopefuls will descend on orlando, florida, tonight for the third republican debate in the last 15 days. one twist this time around. gary johnson, former new mexico governor, joins the fray. but, of course, all the focus will be on perry v. romney. >>> the opening bell is about to ring on wall street. the president of poland has the honor of ringing the bell today. dow futures as you just heard point to a sharply lower open a day after the fed warned of major economic risk. >>> a few other stories making headlines. a milestone for the u.s. mission to libya. this morning the american flag was raised at the u.s. embassy in tripoli for the first time s

that's it from cnbc. we are first in business worldwide. and "hardball." >>> what a day. welcome back to "hardball." a new era in the american military began at 12:01 this morning when the pentagon stopped enforcing the don't ask, don't tell law, which said gays and lesbians could serve only if they did not reveal their sexual orientation. president obama issued a statement this morning that read in part, quote, as of today, patriotic americans in uniform will no longer have to lie about who they are in order to serve the country they love. g of today, our lose the extraordinary skills and combat experience of so many gay and lesbian service members. and today, as commander in ch discharged under this law to know that your country deeply values your service. stacy vasquez was an army sergeant first class who was discharged after being outed, if you will, and arby sarbas also served in the united states army and is now the executive director of the service members legal defense fund, a great organization that has been working to end don't a

. >>> i'm amanda drury with your cnbc market wrap.est gains keeping in check by ongoing concerns about the european debt crisis. the dow jones industrial is adding 44 points. the s&p 500 picking up 10 and the nasdaq with a nice surge, climbing 37 points. european stocks finished higher overnight, setting the tone on wall street thuris morning, wit european banks seeing big gains as they target a sector that has lost nearly half its value over the past seven months. most u.s. financials trading on the upside as well. and as you saw from the nasdaq bounce, a lot of interest in techs today, with apple gaining with unprecedented nand for the iphone 5. and a new energy-efficient chip for smartphones, but nintendo slumped after attempts to rescue its 3-ds with an avalanche of new games failed to generate much enthusiasm with analysts or investors. that's it from cnbc now, we are first in business worldwide. now back over to "hardball." >>> maybe there's some people in congress who would rather settle our differences at the ballot box than w

. >>> i'm milissa rehberger with your cnbc market wrap. an ugly, ugly week. the dow added 37 points in relatively thin trading. the s&p was up 6, the nasdaq jumped 27. it was the dow's worst week since october of 2008, with relentless uncertainty in europe and some pretty grim talk from the fed here at home. we're looking at a kpcommodity meltdown as well. gold had its worst week since 1983. and silver prices falling an incredibly 26% this week. mining stocks took a beating on concern about slowing demand. banks bounced back a bit from yesterday's sell-off, but the sector's still down almost 30% this week. in better news, mcdonald's gained after bumping its dividend. and it looks like a run by nike's got legs. strong earnings again last quarter means the athletic apparel maker has not posted a quarterly loss since 2002. that is it from cnbc, first in business worldwide. now back to "hardball". >>> back to "hardball." how troubled has our relationship with pakistan become? yesterday, admiral mike mullen, the country's top military official

that's it from cnbc, first in business worldwide.ball." >>> welcome back to "hardball." a death penalty case in georgia is drawing national attention. in fact, worldwide attention, as one man awaits word from the georgia board of pardons and paroles, which is meeting just today to consider his fate. troy davis was convicted and sentenced to death for the shooting of an off-duty police officer, mark mcfail, back in 1989. now, seven witnesses have recanted their testimony, and many jurors are saying davis should not be on death row, given the turn of events in the case. joining me right now is our colleague, reverend al sharpton, the host of msnbc's politics nation. he's been out there leading to charge to try to save troy davis from execution. reverend sharpton, this case, tell me why it caught your attention, first of all. what brought you into this? a sense of actual innocence? with is that what it is? >> when his sister reached out to national action network, the group i had, about three years ago, what compelled our involvement wa

i'm kala tauch with your cnbc market wrap. today, the s&p 500 jumping 20, and the nasdaq picking up a cool 34. stocks staid higher on news that banks around the world will be allowed to lend u.s. dollars to european banks. that took some pressures off financials, but there have been concerned about difficulties those banks could face by the end of the year, providing short-term loans to each other. >>> elsewhere, netflix plunged after reporting a steep decline in subscribers, mostly from those dvd-only customers. >>> and a federal jury awarded chemical giant dupont $920 million in damages from a south korean company accused of stealing trade secrets. >>> and banking giant ubs slumped in trading after police in london charged a rove trader with losing the company about $2 billion in unauthorized deals. that's it from cnbc, first in business worldwide. now let's send it back to "hardball" and chris matthews. >>> welcome back to "hardball." this is going to rip the scab off with all the conservatives watching. is there room in th

that's it from cnbc first in business worldwide. "hardball." >>> welcome back to "hardball." tonight's debate is right here and all eyes are going to be on rick perry the clear front runner in all of the polls right now. this is going to be his first big appearance or first appearance of any kind in debate with his fellow candidates. what does perry need to do tonight or avoid doing? wayne slater is the senior political writer for "the dallas morning news" and republicans join us, mark mckinons a former adviser to president george w. bush bush and john mccain. also founder of no labels an organization dedicated to putting party labels aside in politics. we are not doing that tonight. this is the republican debate. >> of course not. >> i want you to listen or watch the following. here are some of rick perry's most talked about comments in the last month starting with criticism of ben bernanke. let's all listen to rick perry. >> if this guy prints more money, between now and the election, i don't know what you all will do to him in io

that's it for cnbc, we're first in business worldwide.orm should follow another simple principle. middle class families shouldn't pay higher taxes than millionaires and billionaires. that's pretty straightforward. it's hard to argue against that. warren buffett's secretary shouldn't pay a higher tax rate than warren buffett. >> welcome back to "hardball." though president obama made that speech in the rose garden, it was effectively the kickoff to the 2012 campaign. and he made clear that fairness will be a pillar of economic reform in his 2012 message. today in a column entitled why warren buffett is conservative enemy number one, e.j. dionne writes, "maybe only a really, really rich guy can credibly make the case for why the we taxes. you can't accuse a big capitalist of class warfare, and that's why the right wing despises warren buffett and is trying so hard to shut him up." will obama's buffett strategy pay off? that's the question right now. e.j. dione is a columnist for "the washington post." and sam town house is the author of "th

. >>> i'm kayla tausche with your cnbc market wrap. a major rally to kick off the week.ing 272 points, the s&p 500 adding 26, and the nasdaq bouncing back from an early dip to finish 33 points in the green. well, it started out as a somewhat tentative rally, did pick up steam late in the session on a report from cnbc's own steve liesman that a detailed plan is in the works to leverage money from the european bailout fund to provide bank capital and fund money for debt purchases. that helped investors overlook more bad news out of the housing market. home sales falling to a six-month low there. boeing soared after delivering its first 787 dreamliner. coca-cola gained on plans to invest almost $3 billion to build its presence in russia over the next five years. but clorox tumbled on word billionaire investor carl icahn is stepping back from his bid to take over the board of that company making bleach and burt's bees. now back to "hardball." >>> welcome back to "hardball." president obama hit the road over this past weekend, as he begins gearing up for his re-election, whic

that's it from cnbc, first in business worldwide.k to "hardball." >>> well, that was our graphic for creating things and building things, which i'm all for. the president, by the way, is finishing up right now a three-state tour out west, with a stop in colorado. he's, of course, pushing his jobs plan. his focus today is on education and helping to renovate troubled schools. but it's not just schools that need help. here's a fact about colorado. the president might want to mention. there are 569 structurally deficient bridges in that state that could use work to keep them safe. bridges that american workers could be fixing. i don't get it. work that needs done. and speaking of the president's jobs plan, there's one part that hasn't gotten a great deal of attention according to "the new york times." the president is backing a proposal to prohibit employers in this country from discriminating against job applicants who are unemployed. in other words, if you're out of work, you can't apply for work. a company can't discount you based on

you fully think that i have -- me, a fool, for having abandoned my financial journalism career with cnbcl the rest of it to come over into this universe where i am literally attempting to advocate for the reforms and everything in our banking system, in our trade agreements, in our tax code that might align the interests of the wealthy with the rest of the people of this country? do you think that that's a foolish mission? >> i would never say that you're a fool to your face. what i would say is that you've adjusted and found a new market for yourself, a place where people want to hear that message, and you can take advantage of it. >> but that suggests that i needed a new market. i would say that the higher compensation, lower workload, and more abundant environment, when i was hosting "fast money," every aspect of my life has been downgraded since i left "fast money," both in terms of compensation, workload, and being hated by my neighbors, and yet the decision that i made to face that was because i actually believe that these problems are fixable, and to sit around collecting a payche

here's cnbc's bertha coombs. >>> the issue for bank of america and most banks is that they're now going to lose a lot of revenue. they used to be able to charge 44 cents every time you swiped to make a purchase with your debit cards. now they can only charge 24 cents. for bank of america, it will be a $10 billion in fees. they're instituting that fee to make up for some of that. bank of america in particular is saddled with a lot of potential losts when it comes to mortgages because they bought countrywide mortgage. they're intent on making sure to continue to make as much money as they can. they face lawsuits on that and they may have to write down even more as people continue to have trouble paying their mortgages. for news 4, i'm bertha coombs. >>> trying to buy a car on-line led a family from fairfax county in danger. they were held up when they tried to purchase the cars two. in newington, one in clifton. one case, a gun was pulled out. if you're buying something from craigslist, meet in a public place during the day and bring something with you. >>> it was just over a year ago tha

cnbc named bart as a possible replacement as well. it is not official from hp. we will continue to cover it at 5:00, 6:00, et cetera. >> and tomorrow morning on today in the bay. >> absolutely. >> nice to tie together the threads. >>> oh, the humanity. apparently when it comes to picking a college major, here is the deal. students have just one thing in mind. show me the money. mercury news reports universities like stanford and cal, only one in ten students in stanford is planning to major in humanities, down drastically from the mid 60s when things like literature, the art and philosophy were studied. the recession, no doubt, could be to blame. median earnings go to petroleum engineers, not rocket scientists, who make about 120 grand per year. workers who majored in english and literature generally made closer to 48 grand. >> what about drama? it ain't easy being green. just ask shrek. >> or kermit the frog. forget kermit or shrek. better yet, let's ask the actor who plays shrek. >> time-lapsed video of the lead actor before a show. it takes a lot of work to t

. >> reporter: in an interview with cnbc's maria bartiromo, boehner said he still wants to work with the president but pulled no punches about their differences. >> it's almost as if we are two groups of people from two different planets who barely understand each other. >> reporter: but democrats aren't totally on board either. on capitol hill today, the president's senior advisers dropped in to rally wavering democrats like pennsylvania senator bob casey who says the president's plan is just too big. what do you say to the president? >> i'd say, you've got some good ideas, some i agree with, some i don't agree with, but we need to break this up. >> reporter: turning it into smaller bills that might get passed more easily. from all the bickering on capitol hill, a rare moment of unity. 36 senators of both parties stood together today saying that they would promise to do more to work to cut the deficit, to help fix jobs knowing the public is so fed up with them. it really was unusual. brian? >> kelly o'donnell on capitol hill. let's go to our political director, chief white house cor

. >>> with us for a reality check tonight, our friend sue herrerra from cnbc. so let's have it. a lot of people are asking, is this true what they are hearing? when you ask people in polls should the rich pay more, it proves quite popular over the years. do they pay at less of a rate, this warren buffett assertion that he pays less of a tax rate than his secretary? >> in many cases they do and there are reasons why that happens. the super wealthy are able to take some of the money and put it into separate pots, investments. so they are taxed at an investment rate which is lower than the tax rate you and i pay. we get a paycheck every two weeks. that's ordinary income. it is taxed at a higher rate. >> for the people -- we'll let the politics of this play out, but you hear cynics say if that's the case will they ever get at it? will people just lawyer up, hire better lawyers and continue to -- to use the bad word for it -- hide the money from the government? >> i think that's open for debate. the way that the super rich move money into different investments is all legal. it's all

our friend tyler mathison from cnbc is with us here in the studio. tyler, good evening. >> brian, thank you very much. saving and investing are challenges, even in the best of times when the markets are calm. when they are as volatile as they have been lately, it can seem downright impossible, especially if you are a retiree trying to live off of what you have put away. >> we put everybody's birthdays and anniversaries. >> reporter: for joe and dolores boyer of winter haven, florida, it wasn't supposed to be this way. >> the money that i retired with, i thought i could live forever. >> reporter: once they were able to afford to travel. now they stick close to home. >> the money isn't coming in like it used to, but it is going out a lot faster. >> reporter: as for the savings, the returns are frustrating. >> i think it's about .7 of 1%. >> reporter: tens of millions of retired americans share their pain. many feel it doesn't pay to save. the dow jones industrial average now sits 16% below its high for the year. home prices down 32% since 2005. t-bills

covering the week, christi parsons of tribune news, john harwood of cnbc and the "new york times," karen tumulty of the "washington post," and susan davis of "national journal". >> award-winning reporting and analysis, covering history as it happens. live from our nation's capital, this is "washington week" with gwen ifill. corporate funding for "washington week" is provided by --. >> we know why we're here. to give our war fighters every advantage. >> to deliver technologies that anticipate the future today. >> and help protect america everywhere from the battle space to cyberspace. >> around the globe, the people of boeing are working together to give our best for america's best. >> that's why we're here. >> additional funding for "washington week" is provided by prudential financial, norfolk southern. nean annenberg, 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. this has been a week of standoffs between the president and congress, in congress

that's it from cnbc. we're first in business worldwide.k over to "hardball." >>> well back to "hardball." there was bleak economic news out there, bleak numbers released just this week by the census bureau that shows poverty, a word we haven't heard late lately, is increasing here in our country. 15.1% of americans are living in poverty, a statistical number, defined as a family of four making less than 22,000 a year. that's four people in 22 or an individual making under 11,000 a year. that percentage is up from 11.3% just a decade ago so it's gone up about half. 50% higher than it was when this -- when president bush went into office. that's bad news for the average family. the median household income fell to just under 50,000. that's down from about 3,000. the numbers weren't bad news for everyone. the richest 1% of americans saw, quote, significant income gains according to the "washington post" today. despite all this, many republicans argue that the country needs to cut budgets for the safety net. hear the fights all the time, cuttin

related to that, billionaire investor george soros told cnbc... that the european debt crisis is more of a threat to the global economy than the collapse of investment bank lehmann brothers in 2008. soros also said the united states is already in a double-dip recession... blaming the republican party's opposition to president obama's jobs and tax policies for steering the economy away from recovery. meanwhile... the leaders of korea, the united kingdom, australia, canada, indonesia and mexico have sent a joint letter to the g20... that calls on euro zone countries to act swiftly to resolve the euro crisis. the letter urged all european economies to confront the debt overhang... to prevent it spreading further afield. kim nari, arirang president lee myung-bak has arrived in seattle,... on his way back to korea... from the un general assembly in new york. upon arriving,... president lee held talks with the governor of washington... and met with korean residents there. our yoo ji-hae, who's traveling with the president,... files this report... from seattle. president lee myung-bak arrive

cnbc michelle cabrera joins me now. why steep drops in europe today?> the general concern, kate, is that a lot of governments in europe for many decades have borrowed a lot of money to give generous benefits to workers and retirees. they thought they would grow enough to pay back the debts. that hasn't happened. the immediate concern right now, the reason the market sold off today is italy. it's the most indebted nation in europe, and the situation grew so grave earlier in the summer that investors started to treat italy like a subprime borrower, pushing its interest rates up very, very high. europe's central bank stepped in and said we'll help you keep your interest rates low, but you have to promise to make changes like balancing your budget, reducing the size of your government, which is very bloated, passing a balanced budget amendment. so far italy has failed to do all those things despite getting the help, and over the weekend leaders of the european central bank made very clear they're unhappy with italy. the sell-off you see comes from the conc

covering the week, eamon javers of cnbc. naftali bendavid of "the wall street journal." charles babington of the associated press. and jean cummings -- jeanne cummings of bloomberg news. >> award-winning reporting and analysis, covering history as it happens. 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 -- >> this rock has never stood still. since 1875 we've been there for our clients through good times and bad. when their needs changed we were there to meet them. through the years, from insurance to investment management, from real estate to retirement solutions, we've developed new ideas for the financial challenges ahead. this rock has never stood still. and that's one thing that will never change. prudential. >> corporate funding is also provided by boeing. at&t. rethink possible. additional funding for "washington week" is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station fr

. >> reporter: perry went on cnbc. the texas governor needs to kick start his campaign. perry's support died after recent debates. he called social security a ponzi scheme. he said today he'd transform the system. >> anyone on social security today, anyone approaching social security, they don't have anything to worry about. >> reporter: he did claim, we are being deceived. >> a young person, 25 to 36 years old, if they are told it's going to be all right, the money will be there when you get ready to retire, that is a lie. >> reporter: ricperry talking tough about economic security. he's got his own special tea party spin. today, he revved up his previous demand that the federal reserve back off. i'm steve handelsman, news 4, capitol hill. >> the positive economic news had mixed results on wall street after big swings. the dow ended with a gain of 133 points to close at 11,153. nasdaq slipped closing at 2,480. s&p closed at 1,160. >>> capital police summon a fake news website from a tweet that was taken seriously. >>> a live look at a grandmother and grind child she's a

. >> rick perry went on cnbc. he needs to kickstart his campaign. his support died after recent debates. he called social security a ponzi scheme. perry said today he would transform the system. >> anybody on social security today, anybody approaching it, do not have anybody -- anything to worry about. >> he did claim we are being deceived. >> a young person, 26 years old, if they are told everything is alright and the money will be there when they retire -- that is a lie. >> rick perry, still talking tough about economic security, the big issue. but rick perry has a specialty party spent. he revved up his demand that the federal reserve back off. he wants u.s. private industry alone to lead us back into prosperity. wbal-tv 11 news. >> in los angeles, jurors are hearing more about the final moments of michael jackson's life as the conrad murray trial resumes. he is charged with negligence in the death of jackson, charges he denies. >> after two days of testimony, members of the jackson family arrived for day three of the trial. a witness for the pro

. >>> let get a take on this before the bell with cnbc's simon hobbs.m's. >> one dollar bills. there's $1,000 in each of these. today we tart the cnbc million dollar portfolio challenge. this is the top rise. second prize is a ma maserati. markets are going to open in negative territory today. it's going to be a nail biting week as to whether or not they let the greeks default. 10:30 today, guys, big, big focus is going to be when president obama walks out into the rose garden and gives us his deficit reduction plan. interesting to see the degree to which he'll try and dress it up as some sort of justice for millionaires who aren't paying enough. if you actually look at the figures in the journal today, it's all about families with children, $250,000 or more paying more. expiration of the bush tax cuts in 2013 and this new idea there should be no deductionings at all for people earning over $250,000. that's a big focus for many people down here as, of course, we gaze upon the million dollars. back to you. >> thank you so much, simon. save some of that f

hillary clinton helped ring the opening bell to mark the anniversary and spoke about the threat to cnbc. >> this one was specific, it was credible, although, unconfirmed, and we took it seriously. there's also an advantage by making it public you enlist literally millions of people to be your eyes and your ears. remember, we were very fortunate to foil the time square bomber because a food vender saw something suspicious. >> joining me now, msnbc news analyst roger cressey who served in counterterrorism positions under the last two presidents. thanks for joining me, roger. roger, what makes a threat like this credible, what gives it that status? >> it comes from a source judged reliable and accurate, but here's a challenge, you can be accurate, you can be reliable, but this current information does not necessarily have to be true, and that is what's bedevilling the government right now. when i used to do this for a living, we had four questions, is it credible, is it corroborated, specific, and imminent? in this case, three of the four questions is yes. one question we don't have an ans