joinin me is floyd norri of the walltreetimes and nnis berman of the wa street journal. m pleased to have th of them at this table. everybody is tking about this. tell me the gnificance of these two firms. >> this is a phenomelly good me to be running a time, phenomenally good. competition is down. spreads are up. the ople whoant toorrow don't have much choic but to accept what y're offering. they've been able to rai their fees o credit cards. they've raed their fees in lots of aces. so the business they're doing now, the new business is likely to be extreme profitable. now t troub i the old siness. if you wen't stuck with the d business, this would be a wonderful me to be a bank. i wish could become a big bank instantly with , you know, with no hiorical assets. yocan just do so wl right now. >> chaie: so what's that mean >> unfortunatelyplaces like bancf america and citigroup have a l of bad assets both o tm reported profits, thanks to selling asset and doing interesting als that dot have ything to with operations or with continuing things. the numbers they put o were r

i'm with floyd here. we're sting on the green rm and we were not happy campers. the discussion, even ough the positive parts of the rults are so riddled with modifiers, it's like annglish acher's delight see how these guys structe their hopeful ntences. i can re one o them for you if you'd like. it was such a grt example of obfuscatoin. basicallcredit card losses. he said some of what we're seeing in ear stage delinquency probly has a seasonal component there are two modifie right there, were ctiously optimistic that ose tnds, if sustained, could eveually staize losse >> charlie: fe modifie. >> about fiv or six th is the ray of hope. that's thetatement. >> chaie: so is gdman just sily doing evething right an doing everything better than everybod se and followed by j. morgan or as well as j.p. moan. >> well ked off what floyd was saying, they wer able to extract themsels in the sub-prime mark earlier than the rest of their rrors and they don't have a consume lending busine. they're nots exposed to the consumer. so they can help companies write their bt, charge nic

i'm with floyd here. we're sitting on the green room and we were not happy campers. the discussion, even though the positive parts of the results are so riddled with modifiers, it's like an english teacher's delight to see how these guys structure their hopeful sentences. i can read one of them for you if you'd like. it was such a great example of obfuscatoin. basically credit card losses. he said some of what we're seeing in early stage delinquency probably has a seasonal component. there are two modifiers right there, were cautiously optimistic that those trends, if sustained, could eventually stainize losses. >> charlie: five modifiers. >> about five or six. this is the ray of hope. that's the statement. >> charlie: so is goldman just simply doing everything right and doing everything better than everybody else and followed by j.p. morgan or as well as j.p. morgan. >> well keyed off what floyd was saying, they were able to extract themselves in the sub-prime market earlier than the rest of their mirrors and they don't have a consumer lending business. they're not

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. an eleven sixteenths wrench over here? here you go. eleven sixteenths... (announcer) from designing some of the world's cleanest and most fuel-efficient jet engines... to building more wind turbines than anyone in the country... the people of ge are working together... creating innovation today for america's tomorrow. thanks! no problem! come on in. you're invited to the chevy open house. where getting a new vehicle is easy. because the price on the tag is the price you pay on remaining '08 and '09 models. you'll find low, straightforward pricing. it's simple. now get an '09 silverado xfe with an epa estimated 21 mpg highway for under 28 thousand after all offers. go to chevy.com/openhouse for more details. right now, all over the country, discover card customers are getting 5% cashback bonus at the pump. now more than ever, it pays to discover. >>> ford future is focused and all about

however, one of the country's leading constitutional attorneys, floyd abrams last night said here on this broadcast that any supreme court candidate should be giving senators straight answers. >> people who are up for confirmation are not as candid as they should be. i think we'd be a lot better off if senators would say i won't vote for individuals who are up for confirmation unless they give straight answers. >> after watching these proceedings, there may be a -- well, an outcry to replace the so-called ginsburg rule with the abrams rule. joining me now with more on that, jeffrey toobin, author of the nine. jeffrey, you watched the whole thing. she has now retreated from two statements that amongst others, senator schumer said she would not alter in any way. she has simply thrown her two most controversial remarks to the wi7bd, hasn't she? >> lou, you know the song, "you've got to know when to hold, know when to fold." it is an indefensible comment on its own terms. she explained what she was trying to do. i thought she did a pretty good job of saying, look, this is what i think. i

some will, yes. >> floyd, how is she doing? >> she's doing great. i think they should focus on her record. record as a judge. 17-year record as a judge. she's a well respected, serious person who has done all sorts of things one should do before going to the supreme court and has done them all well. one of the persons that weighed in, a judge who wrote for the federalist society. he said he was disgusted with the judge's testimony. said, quote. if she is not purgering herself. she's intellect yally unqualified to be. if she was perjuring herself, she's morally unqualified. he's a liberal. so taken by recanting previous positions and business of applying law rather than making law, which he finds disingenuous at best. your reaction? >> look, applying law rather than making law is what everybody says, everyone. every candidate, liberal, conservative, it's become a clich cliche. >> a lie? >> that's not a lie? >> no. is it the truth? is it the truth? >> no, it's -- it's a definitional problem. the problem is this. judges, to an extent, make law. they re

mark floyd is charged with first-degree murder in the stabbing deaths of the women. their bodies were found june 10 in the 4000 block of citizen lane. floyd faces realignment on august 4. >> senators got down to business in the sotomayor supreme court confirmation hearings today. grilling her on a wide range of legal issues, they also pushed her to explain remarks critics say suggest ethnic and gender biases. washington bureau reporter laura laura has details. >> in hearings today judge sotomayor tried to persuade critics she'd be an imparticle justify. for supreme court nominee sonia sotomayor, day two of her confirmation hearings meant tackling controversy about her record. >> here is your chance. you tell us what's going on here, judge. >> at issue -- past remarks that critics say proves she brings bias to her job. >> you've repeatedly said this. i wonder whether achieving the goal of impaaschiality is possible at all. aren't you saying there that you expect your background and heritage to influence your decision-making? >> my record shows that at no point or time

floyd abrams, thank you very much. it's great to see you.s for joining us today. >> thank you. >>> up next, we'll be talking to republican senator olympia snowe about her meeting just moments ago with president obama. will she support efforts to write a new prescription for health care? that all next on "andrea mitchell reports," only on msnbc. if we don't act, medical bills will wipe out their savings. if we don't act, she'll be denied coverage because of a pre-existing condition. and he won't get the chemotherapy he needs. if we don't act, health care costs will rise 70%. and he'll have to cut benefits for his employees. but we can act. the president and congress have a plan to lower your costs and stop denials for pre-existing conditions. it's time to act. has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> and that's the way it is. >> and that's the way it is. that's the way it is. >> passing of a legend. he defined the term anchorman. >> good evening from the cbs news control center in new york. this is walter cronkite reporting. >> tonight walter cronkite is dead. >> president kennedy died at 1:00 p.m. central standard time. >> tonight complete coverage of the life, career, and influence of walter cronkite. >>> hello, i'm denise koch. we begin this friday night with some sad breaking news. former cbs news anchor walter cronkite has died. he was 92 years old. for two decades america turned to cronkite for their news. he grew to be known as the most trusted man in america. tonight eyewitness news is live in new york. drew levinson reports on the man now considered a leng end. >> reporter: for nearly two decades, walter cronkite was the face of cbs news. it was in this building that he

digging deeper, with jami floyd, "in session's" best defense, and jeffrey toobin on the idea of another son. definitely -- though i guess potential could be an issue in the will? >> sure. it could certainly influence challenges going forward with regard to the estate, which on that last point, the 40/40 and charity split, the real question for katherine is how much is the estate worth? i think that's her question on challenging that. but joe jackson have cagey there. he doesn't say this boy is that other son. he says, yeah, this boy kind of looks like a jackson and yeah, he can dance, but he never says this is that boy i knew to be the other son. >> joe jackson does not make sense when he talks. i'm serious. i've never heard someone who makes less sense when he talks. >> sorts of like a politician. >> if that's what you picked out of what he said, you're better -- >> it's like a rorschach test. you can pick out anything you want from what joe jackson says. >> i had no idea what he's talking about there. >> let's talk about more important matters on this subject. >>> the fact that dr. co

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> welcome to "options action." i'm melissa lee. here's where the action is tonight. >> the real techs, techs check, energy, not so fast. we'll tell you why the smart money sees fear at the bottom of the barrel when oil stocks report next week. tragic kingdom, why the smart money thinks this mouse house is running low on pixie dust. and the up side call, we told you how to play microsoft earnings. >> i'm more nervous with microsoft on the downside. >> now stacy will give you the next move. "options action" begins right now. >>> welcome to the show, great to have you with us. these are the traders here on the desk and across the nation in chicago, the windy city and in the city of brotherly love, philadelphia. microsoft to post their best two weeks in about nine years. the dow joining the s&p and nasdaq in positive territory for the year. the partying continuing. let's get in the money

so i can browse the web st, i'm bill kurtis and i'm faster than floyd yweath. (announcer) switcho the nation's fastest 3g netwo and get the at&t laptopconnecte > i'm jim cramer and welme to my world. you need toet in the game. >> going out of business an he ts! th're nuts! they know nothing. >> "mad money," youan't afford to misit. >>> y, i'mramer. welcome to "mad money," welcome to cramerica, other people want to make friends, i want more days le today. my job isot just to entertn, but to educate. so call me. at 1-800-74cnbc. after four miserab weekour miserable weeks straight of the maet going lor, how do we fantastic rally?s fabulous, ♪ hallelujah >> with t dow sng 185 ints and the s&p 500 up 22. what kind of marketthat seemed impervious tgo news roaring? to get this lly, i've got to t this in cxt. to g ts rally -- to find out what this is about, first you needo understand that the market is -- ♪ battlefield >> to quote sck wizarjordin sparks. and today,ne of the bear's chief gerals a te kodiak waved the white flag yes, i'm tking about meredith whitney, the

i'm bill kurtis and i'm faster than floyd mayweather.witch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> welcome back. harvard collected a cool $31.7 million this week alone. that's it for us. coming up next, "options action." >>> next, the earnings countdown is on. our options traders picking apple? we'll check the smart money moves and put the odds in your favor. "options action" next on cnbc sponsored by sink or swim. businesses more efficiently, so we've brought in a team of experts to help.

i'm bill kurtis and i'm faster than floyd mayweather.announcer) switch to the nation's fastest 3g network >>> on tonight's money watch, we've been pulling back on eating out. some casual dining restaurants have been making most of the down turn with deals galore. are they worth it? 07,000 subdescribers see where the best meals and deals are. todd mark joins us with the scoop on this. let's tackle first, the deals. where are the best deals? >> it's absolutely incredible what's happening today with the downturn in the economy, people are eating out less but don't want to deprive themself of the dining experience. the deals have been flowing in by casual dining restaurants, we're talking about sit-down restaurants ranging from a real family style place up to a mortons. the deals have been spectacular at all ends of the spectrum. you see deals like outback, 15 entrees under $15. chili's has a deal for 20 bucks. these are all over today and change almost daily. so if you have a favorite chain, go to their website and find out what the latest

floyd flake, also david remnick and raina kelly. i'm glad to have you all here to learn about the teachable moment on this and reflect on the huge amount of attention in the last couple days. i begin with you floyd flake. tell me, what should we learn from this? >> i think what we learned is that there are still some remnants of the past and that those remnants are reflective in moments like these because persons my age, 64, somewhere around my age, the experiences of our past are so deeply imbedded that when an incident like this happens, it comes back up. it becomes another time when you say we thought we were past this and here it is again. and if it can happen to dr. gates, then it can happen to me. it can happen to my children. and so it becomes another one of those moments of fear. i think the big problem here is the identification and the way that the neighbors saw the person trying to get into his own house. i think that's the beginning of it all. and i don't know that if that had been a white person trying to get into that

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i'm bill kurtis and i'm faster than floyd mayweather.announcer) switch to the nation's fastest 3g network at least the house at this point is going along with the program. you know while they are cutting, they are spending elsewhere. what recession? this is an area hard hit bite housing collapse and contractors have more work than they can handle. if they know how to work with the military. listen to this. the navy is spending nearly $3 billion on dozens of building projects here in san diego county including $125 million being spent on new barracks. with a base currently with a reported 10,000 construction workers. the biggest project is a new report on the base being funded with the help and material stimulus. >> that's the 7-13 and will be about 1.5 billion. as far as general growth with the 4,000 new people coming for camp pendleton will be spending three billion for that. know every place we can plan a building, that's what we are doing. >> all that work being handed out by the navy lured in out of work engineers and architects and

i'm bill kurtis and i'm faster than floyd mayweather.announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> if you want to be a good investor, then you have to know when to take a path when you've come to an idea too late and the money has already been made by other people. one of the toughest things to do in this business is to step back and simply say, i missed it. especially when you think you have found a great thing. but no idea, no matter how good, can make you money when somebody else, or a lot of somebodies, have gotten there first. sometimes, sorry to say, you're just too late to the game. and that point, not to totally mix metaphors, you've got to be able to keep your bat on your shoulder. the mad money bat. instead of taking a wild swing trying to chase a pitch that's already well outside the strike zone. case in point, this weekend i read a story in the wall street journal. i was busy working while you were out having fun. it said, company draws customers to car dealers. it's ab

i'm bill kurtis and i'm faster than floyd mayweather.nnouncer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >> coming up on espnews, the conversations between the phillies then blue jays but it still doesn't look likeúúú >> red sox have now opened up up a 5-2 lead on the orioles and jacoby ellsbury with an r.b.i. double in a game that david ortiz has rocked a three-run home run game and trey hellman has been eject and michael young has a solo home run and mets up to a 4-1 lead on the astros and cory sullivan with an r.b.i. single and score on a double play in the fourth inning and the nationals and padres still in a rain delay in our nation's capital and ryan zimmerman a home run in that one. >> with we say hello from espnews along kevin conners i'm reischea candidate and with the latest highlights and stories. lets start with the task at hand, baseball. roy halladay the tuesday as opposed to friday deadline. >> it's approaching and still no movement although they're said to be negotiating

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i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. lesson at the brickyard and why it pays to be lucky and good especially at the exact same time. something you've never seen before. >> hey, there welcome to another half hour on espnews. along with anish shroff i'm steve bunin always doing our best to keep you current in the great wide world of sports and anything that happens in the next 30 minutes we'll keep you up to date and baseball and the most amazing hole in one you will ever see. >> yep. and the yankees' streaking days are over. courtesy of the as. they've been the school yard bully since the all-star break and winners of eight strike and don't make it nine. take you out to the bronx. top seven in a 1-1 game and aceves stakes the mound and yankees not going away in the eighth it's derek jeter the captain, his 11th home run a two-run shot, 11 home runs and matching his total from last year and then mark texeira, one batter later

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> health care reform picking up speed in washington. john harwood has the latest. what are you hearing about what we might get a vote and if there's a deal or something specific? >> reporter: it's interesting the white house suffered a set back when it became clear neither the house or senate will meet the goal before the august recess and getting to krns immediately after labor day. we now have progress at the committee level. this deal between members of the blue dogs with henry waxman, the chairman of the energy and commerce committee to keep the cost of the bill under $1 trillion over ten years, to restrict the advantage for the public option so it doesn't have a subsidy to compete against private insurers to exempt most employers from the employer mandate. haven't gotten the details of how that mandate will be structured but this resembles the movement in the senate and bipartisa

i'm bill kurtis and i'm faster than floyd mayweather.announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. the pontiac summer closeout is here; hurry to get the pontiac you want before they're gone. the price on the tag is the price you pay. get a 2009 pontiac vibe for $13,708 after all offers. or get 0% apr for 60 months on most 2009 pontiac models! all are backed with the best coverage in america, including a 5 year/100,000 mile powertrain warranty. get some excitement while you still can, during the pontiac summer closeout. visit pontiacdealer.com >>> it is time. it is time for the lightning round. you say the name of the stock i tell you whether or not to buy, buy, buy. my staff prepares the graphics on the fly. are you ready? it is time for the lightning round. i'm starting with scott in ohio. scott. >> boo-yah, jim, from wilmington, ohio. thanks for taking my call. >> my pleasure. what's up? >> i read your book earlier this year. like it said, i did my homework and picked a stock called

i'm bill kurtis and i'm faster than floyd mayweather.tch to the nation's fastest 3g network and get the at&t laptopconnect card for free. you have questions. who can give you the financial advice you need? where will you find the stability and resources to keep you ahead of this rapidly evolving world? these are tough questions. that's why we brought together two of the most powerful names in the industry. introducing morgan stanley smith barney. here to rethink wealth management. here to answer... your questions. morgan stanley smith barney. a new wealth management firm with over 130 years of experience. ♪ hotwire.com >>> welcome to the "fast money" halftime report. we're getting to the heart of as it is happening. intel pushing restart button. techs, financials and energy jumping on board. but not out of earnings season yet. in fact, just getting started. get your ibm, google and jpmorgan trades in now. our "fast money" crew today, tim seymour, the ambassador, scott nations of nation shares and patty edwards and john co sar, our all-st

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. we know why we're here. to design the future of flight, inside and out. to build tomorrow's technology in amazing ways. and reshape the science of aerospace... forever. around the globe, the people of boeing... are working together -- for the dreams of generations to come. that's why we're here. >>> tomorrow, the all-star game, how about is that? crazy. president obama will actually be at the game. he'll be in the broadcast booth. he's going to be working in the broadcast booth during the all-star game. everyone says that's cute. let me tell you something, you know the economy is bad when the president has to take a second gig. that's not a good sign. no thank you. >> yes, dave is right, major league baseball all-star game tonight. not only will the president be in the booth for the inning but he'll be throwing out first pitch of the game. here's albert puljols giving the president advi

0 no, floyd, with the record she's got, there's little to persuade me. the things she's already said for decades and years and, yes, her judicial decisions, too. she's ignored things that are in the text of the constitution and made up things that aren't there. >> wendy, i'm glad you're not on the court to decide what the constitution means. i mean, in the cases she's had, she's had, what, 83% of the cases she's had in which people claimed a race violation, she's voted against them. 94% of the cases in which criminal defendants appealed, she voted for the government. i mean, this is not some wild liberal record. >> go ahead, be wendy. >> those percentages are meaningless unless you compare them to averages or norms of other judges. meaningless standing alone. >> she voted with her conservative brethren 95% of the time. >> and what -- lou, just one second, what did the president say that in 95% of the time a justice scalia and ginsberg -- i think he was wrong by that but by his own standard that's the 5% of cases the president thinks really matters. >> yo

i'm bill kurtis and i'm faster than floyd mayweather.h to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> everyone is freaking out. supposed to be the beginning of a new bear market in tech. this is your hans to get into apple. you've been waiting. they're giving it to you. i'm jim cramer. i'll see you tomorrow. >>> the dow topped 9,000. the nasdaq's 12-day run. the s&p is still strong. can the market climb continue? is there still time for you to get in? join maria bartiroma and me for a cnbc special up next. >>> hello everybody. welcome to a special edition of cnbc reports. dow 9,000. the summer rally, i'm larry kudlow at cnbc headquarters. >> hi there, larry. i'm maria bartiroma at the new york stock exchanges where the action was strong today. another bill rally on wall street. pushing the dow jones industrial average back above the 9,000 mark, first time since last year. the dow and s s&p at their liest level since november. highest close for the nasdaq since october. >> driving this remarkable summ

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we talk about the meaning of this wit the reverd floyd make,avidemnick and raina kelly. >>hen this happens, it comes another time when you say we thought we were past this and here it is again. if it can hapn to dr. gates, then it canappen to me. >> thesere not questns anymore about, you know, kind binary queions about water fountowns and lunch cnters they are questions about institutional racism. they're questions about incarceration rates ich are crazy and out ocontrol which have to do with thought just rasm but drugaws in the country. it's a complexf problems that i think obama's veraware of. >> it'smazing thatobama allowed himself to make that speech this afternoon. we're so used to seeing people haen their position over the course of a new cycle. i will never apologize. e rhetoric gets built up and built up and built up andthen when the american people say to themselves, please let this be over. >> charlie: we continue wh a new film opening this weekend dicted by armando iannucci. the floim satiies the leader in war to the mile east. >> i tught ther was something in

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. robert shapiro: we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> a huge summer ramie for a noncorrection correction. joining us, the university of maryland, richard from global strategist at pimco. the uber powerful pimco. i want to go to this global theme again. a lot of people are saying, it is faux in china. that they have poured enormous such money into the economy. the chinese government is forcing the chinese banks to make bad, uncredit worthy loans. and that those loan are being guaranteed by the bank of china like

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> the two big american political sights of the summer are the supreme court nomination of judge sonia sotomayor. and this generation's version of the ongoing battle royale whether we need an actual health care system in this nation and whether we need to muddle along with the bad model of the health care system that the insurance companies made out of popsicle sticks and spit, and forms in triplicate sometime in the truman administration. in both of these sights, the democrats are in dominant position because of the sheer number in congress and their popular new president. republicans have decided to fight both of these big political fights using the same tactic for each of them. see if you can pinpoint the tactic here, starting with the sonia sotomayor confirmation hearings. >> a wise latina woman -- >> the wise latina woman -- >> would be a wise latina comment. >> your wise latina c

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i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >> arizona -- the senator from arizona says the insurance companies don't need to be kept honest? our next guest will teach you a thing or two about the kinds of dirty tricks those suits have been working on the american people. he will tell you all about how they put the screws to the customers. stay with us. oh, what's this? . it's kind of early, buddy. you've got to need to take some cholesterol off you. honey, have you been reading the cheerios box again? he got that off the box. (announcer) cheerios is made with 100% natural whole grain oats to help lower your cholesterol. that was very thoughtful of you. very early, but very thoughtful. (announcer) cheerios. good for the heart. >> some folks specifically said on the other side, the more we delay, the better chance we have of killing the bill. because what happens in washington is the longer it takes, the more the special interests

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> milton friedman would be 96 years old if he were still alive. boy, could we use him. he won the nobel prize in 1976 and he is known for free markets and personal liberty. in one of his wonderful books he explained in the clearest possible language how capitalism and freedom are linked together. when people ask me who is my favorite interview ever, milton friedman. i had the privilege of sitting down with him three times. this is my favorite sound bite. >> as you see so often the case, people attribute things to the free market which are really the consequences of government inferen interference with free market. it turns out except for you and cnbc and the like, the free market doesn't have a public relations mechanism. >> but the government comes on every single day on television and talks to us about all the wonderful things they're supposedly doing for us. stephen moore of the "w

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. go to hotwire.com. when four-star hotels have unsold rooms, they use hotwire to fill them... so you get the lowest prices on four-star hotels, guaranteed. ♪ h-o-t-w-i-r-e ♪ hotwire.com >>> welcome back to "morning joe." it is 6:30 on the east coast. time to take a quick look at top stories. president obama is keeping his focus on health care reform with a prime time news conference scheduled for tonight. it comes as some democrats are calling to slow down the process possibly until after the senate's august recess. majority leader harry reid says the goal is, quote, reform not deadline. secretary of state hillary clinton is warning iran about its nuclear ambitions. speaking in thailand clinton suggested the u.s. could help develop the militaries of allies in the gulf to capture the iranian threat. >>> and a harvard professor arrested outside his own home last week is demanding an apolog

in new york, jamie floyd, anchor of "in session." we heard police this was a murder that unfolded and the police chiefs word, like a movie script. today they provided surveillance video. walk us through what that is. >> we've got two pieces of surveillance video to show you. first of all, this came from the family's house. this was part of the surveillance system they had set up outside and inside the house. see men running across the yard, going into what is a back door of the house. while they were doing that, there was another team going in the front door. see how they're dressed. dressed in dark clothes. their faces covered with a mask. the slst described them as dressed like ninjas. see them there going into the house. this was all very precise. they say it looks like they had practiced this and were very well-prepared when they attacked this house. another piece of surveillance video we have to show you is a still photo that came from a surveillance yesterday you at walmart in the panhandle a couple weeks ago. in this you see l

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i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> welcome back to "cnbc reports." we bring you the forbes publisher, rich carl guard, dennis neal, mort zuckerman and rick santelli still with us. tell me how you see the markets and what you're expecting the second half of the year. >> the good news is, we've seen a lot of volume increase, the nasdaq take over leadership, some of the medical names that aren't involved with any inane health care plane are moving, like medical products and devices. that's what i've been looking for the whole time. i really think this is a trojan bull, a market that cannot be sustained because it's based on expect taketion that credit is going to start increases for businesses and the consumers are getting healthier. that's simply not the case. don't forget, getting two-thirds of the economy is consumers, another 15% of the economy is state and local governments. they're cutting employees like crazy. so

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i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> the stage is set for health care showdown with senator chris dodd, democrat for connecticut. he is at the center of the storm. our own john harwood spoke with senator dodd a short time ago. is this package too big to fail? is this package too big to succeed? >> reporter: well, i think it could be either one, larry, i don't think we know yet. i talked to senator dodd both about health care reform and financial regulatory reform a subject you care about a lot. another thing striking about his comments was the way he went after the business community on their complaints about the proposed consumer protection agency. do you think business is tone deaf on this issue. >> it's a culture. i find it amazing, what planet are they living on, they don't understand what's happened, you have 10,000 foreclosures a day, 20,000 jobs lost a day in this country, health care, people being wiped out, re

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. you're ready for the mid-morning rush thanks to a good breakfast. one coffee with room, one large mocha latte. medium macchiato, light hot chocolate hold the whip, and two espressos. make one a double. she's fiber focused! i have two cappuccinos, one coffee with room, one large mocha latte, a medium macchiato, a light hot chocolate, hold the whip, and two espressos, one with a double shot. gonna take more than coffee to stay this focused. stay full and focused through the morning... with a breakfast of kellogg's® frosted mini-wheats® cereal; an excellent source of fiber that helps you avoid... >>> i'm julia boorstin with your cnbc market wrap. stocks closing up on wall street today. the dow gained 15 points. the s&p added nearly 3 points and the nasdaq picked up nearly 2 points. >>> president obama opened two days of high-level talks with chinese officials in washington today. treasury

i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> heard today from a pretty good friend of mine. friend first, blogger second. he tells me i am missing the point of the blogs fear. everybody trashes each other to get attention. nobody really means any of it. and then they all sit down together to have drinks and laugh about it. great. a whole bunch of digital dudes snapping towels at each other all in good fun. i always hated phy-ed. elsewhere a blogger weighs in today to say that, quote, dennis kneale's hope is misplaced. what is it with you bloggers and the whole anti-hope thing? why be so damned doomed? don't you get bored with it? so this guy, he calls himself pdizzle and points out if you're fat hope won't help you. you have to eat better and work out more. hope, this person says, is, quote, only useful to the extent which inspires you to actively improve your situation. thanks for that blinding glimpse of the obvious, guy. bu