but this is not about ge or jimry immel.t is 17 small business tax cuts that the obama shepherd and 16 of which republican leadership fought him on. johnathon, i hope your small business has benefited from that and at least own up to it. >> i am paying more taxes because of the president. >> corporations are sitting on 1.6 trillion in profits. it is absolutely way past time for them to step up . we sit here on the show and complain all of the time about stim tim and what the government is not doing. >> let me bring this up. the president was in dur ram north carolina . listen to what the president said and react on the other side. >> shovel ready was not shovel ready as we expected. >> john, didn't we spend a lot of money on shovel ready process. wasn't that the job creator. >> we spent 700 billion saying that the unemployment rate would never go up. it is at nine.2 percent and going higher. is your own job plan to tell corporations because of cash imbalances and your own -- hire workers that you don't need. we are the only

and ge will do our part. over the last decade, our percentage of global revenues have grown from 30% of the company to 65% of the company in 2011. our revenue in emerging markets will grow by 20% this year. nonetheless, we'll add almost 15,000 jobs in the u.s. including 6500 manufacturing jobs. and in 2011 our o exports should exceed $20 billion, up from $7 billion in 2005 which is creating jobs in the united states. our competitiveness is based on the factors that mirror america's opportunities. we're dedicated to r&d, spending 6% of our revenue back into innovation. and because of that commitment we're launching 30% more products this year than at any time in our history. manufacturing is our core competency. we have insource capability over the past three years moving production and software development back to the united states. and we have oriented the company towards solving big problems like clean energy and affordable health care. ge is the world's largest clean energy company with $21 billion of reve

not bad, because ge is in the business of making money.lf out, do what you have to do, but don't make this the guy that's supposed to create jobs in america. >> it's horrendous. >> the reality is he doesn't work for america, he works for shareholders. so he should be able to do what he wants to do. >> but he does have an obligation to make money. >> if going to china, makes a lot of money for the shareholders, that's what he should be doing, but that means his heart lies with them and not with american jobs, and that's why he shouldn't be the job czar. >> he's looking to make money. by the way, he's moved his vice-chairman john rice to china. that's a signal of things to come. china's orders are up 32% in the second quarter. by the way, india 91%. >> bob hasn't uttered a word. what's wrong, bob? >> i've been put in a time-out by the producers. >> for what? >> for nothing. i'm not going to say it. i didn't do and -- you know, it's tough enough -- by the way, if you email the show, could someone say, bob, you're outnumbered 4-1, and even tho

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the ge situation is a perfect example. jobs if the corporate bigwigs are unemploying our own people? we should take the perks away until they bring the jobs back from overseas. ava in tennessee, wait, isn't the ceo of ge supposed to be obama's top jobs guy? why, yes, he is. first they pay no income tax and now this, it's official, no one in power cares about getting people back to work, all they care about is keeping their profits and offices and status quo. the real question is how long will it take the rest of america to realize this and then do something about it. brad in oregon writes, it tells the u.s. that free trade is a scam and we have to have fair trade instead. it's too easy for companies to outsource to china and bring the goods and services back to the u.s. with few restrictions. we need to have tariffs on imports to account for the difference in labor costs between the two countries. then china could compete with american manufacturers on the basis of quality instead of cheap labor. frank in mill valley, cali

ge will do our part. over the last decade, our percentage of global revenues have grown from 30% of the company to 65% of the company in 2011. our revenue in emerging markets will grow by 20% this year. nonetheless, we will add almost 15,000 jobs in the u.s., including 6500 manufacturing jobs. in 2011, our exports should exceed $20 billion, up from $7 billion in 2005, which is creating jobs in the indebted states. our competitiveness is based on the factors that mayor america's opportunities. we are dedicated to research and the element. because of that commitment, we are launching 26% more products this year than at any time in our history. manufacturing is our core competency. we have most productive and software development back to the united states. we of orients the company to solving the problems and clean energy and affordable health care. we are the largest clean energy company with $21 billion of revenue, and we are launching 100 new health-care products and lower costs, in prose quality, and adv

ge's jeff immelt has a plan to put america back to work. telling companies to stop whining about government and start hiring. why didn't we think of that? [ female announcer ] love that freshly colored look? now you don't have to wait six weeks to get it. natural instincts now comes with a new color refresher. just color, then give it a boost two weeks in and get a freshly colored look once again. natural instincts. it's all good. ♪ i like youmessy hair ♪ i like the clothes you wear ♪ i like the way you sing ♪ and when you dance with me ♪ you always make me smile [ male announcer ] we believe you're at your best when you can relax and be yourself. and at thousands of newly refreshed holiday inn hotels, you always can. holiday inn. stay you. and now stay rewarded with vacation pay. stay two weekend nights and get a $75 prepaid card. and now stay rewarded with vacation pay. i got an egg a candy necklace an orange a band-aid a stamp helium i got a mustache [pop] lipstick >> coming off last month's grim unemployment numbers, business and govern

ge's jeff immelt has a plan to put america back to work. telling companies to stop whining about government and start hiring. why didn't we think of that? >> coming off last month's grim unemployment numbers, business and government leaders are hoping to jump start the economy in the second half of the year and general electric chairman and ceo jeff immelt has an idea. immelt who chairs president obama's council on jobs and competitiveness told his colleagues at the u.s. chamber of commerce job summit this week to well, stop whining and start hiring. >> for the people that are part of the business sector, the people in this room and all of our colleagues, we have to stop complaining about government and get some action underway. there's just no excuse today for lack of leadership, so let's get with it. >> paul: all right. before we get to mr. immelt, james, our liberal columnist blinder this week called it a jobs emergency. do you agree? >> i do. i think the more people looked at the june employment report the worse it got. 9.2% very disapp

in terms of substance, from his perspective, tried to set the ge between what he called the privilege and the ds.dle class nee think that is where they are going. we know the battle is over the raising revenue and whether that will be anything th in the nextwi several weeks. talking to economists and administration officials, to get moreng oncerned the further this goes. right now, the markets are not responding. they say we now know you have a lot of drama and public. and will get it done at the last minute. people say, what if hey don't? just the fault, it is making hard choices about who to pay and to not. china's debt or the social security check? >> you raised the question we d with, how much of this is a real showdown the cadaver consequences and how uch is ritual? what is your own best guess? is this a real showdown or ritual? >> i think it is a bit of both, because it has become a ritual the past several sessions. i am not sure forever america's e was this high close to the actual deadline. it is a high-stakes game of cken that we have seen over issues the last several big iss

games and in sports we will have the a's, the giants white house visit and jim harbaugh talks about ge . >>> bay area boy is home after a trip that was cut short by a bear attack. victor martin was with a group when the bear attacked. you can see him there getting a ride home after his flight from alaska. they were attacked while crossing a river. kron 4's maureen kelly tells us more about what happened. >> he was -- >> reporter: victor martin told his cousin he was third in a line of hikers when they came across a bear like the one here which troopers believe was with a cub when she attacked. >> yelling bear and the bear jumped and snatched his tooth and kept running. bit him on his leg and kicked as hard as he can and the bear let go, he wendt to help the other people. >>> the two hikers who were attacked first, including this teen here suffered the worst injuries. victor martin sustained a bite wound. together the teens who were alone on this 24th 24th day of a 30 day course used their survival training why they waited hours for help. victor martin is on his way home and he told his

ge started doing that last year. this point, business leaders need to take that initiative and bring the jobs already. kyra? >> so what about creating jobs? >> one you would expect. this is a republican that is on the president's council. one of them is, cut the red tape. cut regulation. now, that's interesting rhetoric. we often here hear it from business leaders. i asked if that is realistic. he said not only is it realistic, he thinks it's going to happen before the 2012 election and that will create jobs. he also put out five other recommendations on creating jobs. putting the two million construction workers back to work on the infrastructure projects. all these folks out there, they know who they are. giving them the necessary training. he said it may not be sexy, but shorten the time that it takes to get a tour are richl in it takes eight weeks for people to get a visa to come to this country and spend money. shorten that to a week like our competitors. that can be done immediately. he's pushed the administrat

. >> vamos a tar trajando, mirao ando spueda.a expectativa es q uruguay ge. >> la ilusiÓn dever a laa final n haber ganado un solo partido. la sorpresa del torneo, Él era ahora por el tcepues. >> no destruimos clarosen la definiciÓn. los paraguayos estÁ acostumbdos a patear penales. finieron muy bien en e sentido. los argeinos desilusionados perdieron interÉs en la copa. me siento defraudada como do el mundo. >> no podemos clasificar en nada. >>> como no juega como a mÍ me gusta, no me genera demasiado, prefieroer ai equi. >> el domingo? >> creerÍa que uruguay, pero no se. estÁ muy raro. el domin ssabrÁ quiÉn es el campeÓn de ta copa amÉrica. >> en nombrde todas las persas que hicieron posible esteoticro. acias buenas noch, nos vemos maÑana. ♪

, ge has 60% of its workforce outside the u.s.. small businesses cannot get through this. let's not forget these small businesses employ more than half of americans. you just heard jessica saying the president is making a plea to the american people, many of them small business owners or employees talking about directly about what not reaching an agreement would mean to them. he's saying this is an issue for you, the small business owner out there. how are you going to have faith in the u.s. government, the full faith and credit of the u.s. government when it can't pay its debt? t.j.? >> poppy action some would say the business leaders like him and sores, maybe they could make a better pitch to the american people why this needs to get done. they could put a face on it, if you will, but some of the largest corporations, they've got business before congress, you don't want to upset the folks you're lobbying on capitol hill, do you? >> that's a great question. i tried. i said, look, bernanke said yesterday it would be cat trophic if

he went to disney, ge, and cbs rather than the programs heads. are financial backers of the obama administration. he was named to obama's expert counsel about a year later, and he's one the head of the chief ben -- beneficiaries, ge, and he traveled to hang out with fidel castro. here's the dirty part, they accepted the order. coincidently, they bought in because obama promised to gap their liability. buried in the article was a fascinating tidbit. in order to seal the deal, they had to chip in money $150 million to pay for television advertising in favor of obamacare. the obama administration spent $236 million on television commercials. you see how that works. obama gets who he wants, the industry gets what it wants, television advertising. everybody goes home happy expect the taxpayers who air waves are being used for back door propaganda efforts. you would imagine that the executives would stop this liberalism from going forward. leave aside for a moment the reliance on big government and focus that they are officers. the executives want to m

here is what he had to say on that front. >> i would ask people don't think about ge so much.think about a small business person who really do create a lot of jobs in the country. they are petrified now. >> reporter: why what do they hear? >> what happen if the government doesn't rom over its debt? why would you invest into that? if the budget deficit means super high tax rates for them, things like that, again, that to me is the piece that is missing. there has been bad new business generations, small businesses have gotten hurt coming out of this recession, guys like us that have a global footprint and global demand, we will power through this. >> he said look, where ge is, and ge employs 60% of their workers outside the united states and shed jobs which he has been criticized for. 35,000 jobs. but look, demand is overseas. not necessarily here in the u.s. guys, we also talked about the fact that there was a chamber of commerce study that came out this week that said only 19% of businesses, 19%, planned to hire this year so what do you do? he talked about small businesses. s

an ge... just som well, tears from the defendant, insults from the attorneys, and a lecture from the judge, just some of the high lights on the final day of the casey anthony trial inned for. the closing arguments that wrapped up a long trial. >> reporter: casey anthony sobbed as the prosecution hammered home its theory, that anthony killed her two-year-old daughter caylee because she did not want to be a mom. >> she chose to sacrifice her child to live the life that she wanted. >> reporter: the prosecution's closing argument detailed for the jury about how she lied and partied with her boyfriend after the death. the computer searches for chloroform and the duct tape prove that it was premeditated murder. >> we can only hope that the chloroform was used before the tape was applied so that caylee went peacefully. >> reporter: the defense was dealt a huge blow when the judge ruled that they could not mention that anthony was ever molested because it had not been proven. the alleged abuse had bee

. >> i'm sure that i can get my life together and ge out and be responsible, and be a citizen once again in the community. >> reporter: but many of them have said that for years. ♪ there's a place for us >> reporter: it all suggestses that not guilty verdict, at best, this is the road ahead for jared lee loughner. one that is long, complex and very far from free. ♪ somewhere, somewhere >>> when we return, running out of space on the florida coast. >>> and she started as a kid in jail. now she's making money like midas, with a woman's touch on wall street. ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ a complete four course seafood feast for $15. start with soup then have salad and biscuits followed by 1 of 7 delicious entrees and finish with something sweet all for just $15. right now at red lobster. sure, but let me get a little information first. for broccoli, say one. for toys, say two. toys ! the system can't process yo

. >> reporter: homeowners who can't sell and wouldn't because of the bagga ge hope the settle helicopter brings them closure. >> the most important thing is it's done. now i don't have to drive and relieve it tomorrow every day. >> reporter: now early this week the family was awarded $495 million on damages, as far as the ruling the attorneys say they will appeal. >> smoke is clear tonight but it was hot and heavy around dinner time , take a look at this fire. this was a garage fire. a charity is right down the street there. was trouble at first because the hydrants weren't working properly but the fire department managed to get the fire under control and get traffic moving around the area by seven. >>> happening right now the countdown to july 1st when several new laws take effect. less than one hour away and they include, allowing wineries to ship to your home as well as increase in the alcohol tax. you know that. you are also going to be able to bring your dog to the restaurant with outside dining if they permit it. state employee also have to pay more into their pension and it. one l

good numbers from caterpillar and ge, we're looking to verizon and mcdonald's as well. the dow rising 152 points yesterday to recap, 12,724 is where we closed. the the nasdaq composite up to 2834 and yes, the rumor mill is abuzz. apple is reportedly exploring the idea of buying -- they have a ton of cash. the video streaming site may be put up for sale by the owners including disney, comcast, our parent company, and news corp. google has the right to several popular tv shows and competes with netflix. google which owns youtube and yahoo! are reportedly also interested in getting in on it. >> a judge has signed off an borders' plans to liquidate. the bankrupt book store chain will begin going out of business sales today. borders expects to close doors for good at the end of september. not all stores may close. books a million has put in a bid to buy 30 but those are around the northeast, scott. rest in peace, borders. >> thank you, nicole. two environmental groups are suing the city and the zoo trying to stop the zoo's plans to develop 54 acres in noland park. the counci

some of the best and brightest kids at google headquarters fighting for the national ge graphs titlesia, chinese taipei, taiwan, canada. they will be quizzed on geography by host alec trebek. chosen by semifinals at the zoo. >>> coming up once a victim of crime now facing crime behind bars. what a los gatos mom is accused of doing. >>> will he or won't he? what mayor lee is saying about a possible run. >>> for all news, weather traffic updates check us out on facebook as we take auto lookoad d live. >>> nobody messes with wgec. >>> a violent crime has people in this otherwise quiet neighborhood in south san jose this morning. i'm marla tellez. i'll tell you what happened in this park that sent a teenager boy to the hospital coming up. >>> breaking news out of oakland this morning where a driver refuses to stop for the chp with deadly consequences. that driver has died this morning. one freeway on ramp impacted. i'm christie smith. up l have that story comingcc1: in a live report. >>> details in a case against

geguillermo perhaps the best ge of h his career. 7 shutout innings, 5 ks. hitters baffled all afternoon. comes through again. base hit to center. scores pennington. high heat to end the 7th and fired up. combines with joey devine and andrew bailey to shut out seattle. 2-0 your final. >>> women's world cup soccer action today. usa versus sweden. the loser gets the always dangerous brazil in the quarters. face painters out in force. 35th minute. sweden, lead, 1-0. sweden in front 2-0. bad luck for usa. usa makes it a game in the 67th minute. corner kick from lauren cheney. abbey sholders it in and a golden opportunity in the 86th minute but that is kelly o'hara. just misses. sweden beats uvmentd sa for the first time in world cup play, 2-1 your final. >>> serious heat to beat john bush. check out the replay. look at the the movement on this thing. a slice we would would call that in golf. >>> stage five of the tour de france. defending champ alberto con contador part of the pileup. that is not the only crash of the day. huzvogd remains the stage leader. >> i'

chris: former boss at ge. >> here's a name you probably haven't heard of -- john mandell.atch, he is challenging sherrod brown. he has a republican primary but he's likely to emerge from that. he's 33 years old. fund-raising numbers came out. he is out in ohio. he outraised brown by $800,000. he's a candidate that's been endorsed by jim demint, tea party, and also moderate republicans. that's my home state. chris: sherrod brown will kick his butt. your thoughts. >> the bounce out of new york with gay marriage is going to land in washington in days to come when they're going to have the first hearing to repeal doma, defense of marriage act. that will give it a lot of attention. >> back to the issue dare not speak its name in washington, the economy. twice this weekend in the press conference, barack obama mentioned the idea of a national infrastructure bank. it's the next big idea. we put in $10 billion. chris: to create jobs for 2012. >> it will create jobs and provide infrastructure that isn't riddled with pork because it's not going through the appropriations -- chris: c

we have to talk about this, because we are very concerned about the loss of the gospel and not just geingoctre gone, the ss othe spel in is. >> in june, the southern baptist convention voted to reaffirm its belief in the reality of hell as an "eternal, conscious punishment" for those who don't accept jesus. bell says he wants people to see that jesus' ultimate message was about love, not just avoiding hell. >> jesus didn't come along and say, "you don't want to be a part of that thing, do you?" no, he came along and said, "trust me. something big is going down. here, here's a taste." ah. people thought it was amazing. >> he says he's not bothed by those who accuse him of inciting a dangers conversation. >> it seems to me like the church would be the place that would lead the way in having dangerous conversations. i mean, isn't that what faith is? >> and the conversation isn't ending anytime soon. several more books abt heaven and hell are being released over the next few weeks. ♪ i can only imagine i'm kim lawton in grand rapids. >>now, the changing america famil at least calornia. once,

i would say they're already doing that, wealthy individuals are hiding income and corporations and ge where we are paying them the actual corporate tax rate for large corporations is about under 10% and for medium size and smaller corporation ises about 20%. and that's the actual, using all sorts of loopholes, the actual tax rate. we don't have the onerous tax burden and it highlights incompatibility between capitalism and democrat city. because capitalism allows wealthy individuals to amass wealth and power and then use that power to set up rules that benefit them. what we need to get-- >> caroline, caroline. >> wait, wait, let me go to candidates hold on, let me dp to eric. >> and the response now, caroline. saying 10% for small business and 20%, the number is 23% for multinationals, so therefore if that were the case, which it's not. then obama would be happy to say how about 20 or 22% corporate income tax across the board, close the loopholes and everyone would be on board. >> i would love to do that, i just don't trust major corporations to not hire droves of attorneys. >> can we

he runs ge, he's the president's jobs czar. why is the president's jobs czar in his private enterprise life taking jobs out of america, high-tech jobs out of america, and going to china? that seems like a conflict to most people. secondly, and here's where it gets very political, those jobs are going, being taken out of wisconsin and going to china. let's not forget that republican governor scott walker in wisconsin had a huge battle with the unions. the unions are allied with president obama. you don't have to be a conspiracy theorist to think that maybe jeff immelt is grinding the president's axe, deliberately moving jobs out of wisconsin to punish the republicans in wisconsin and sending them to china. remember, wisconsin is a swing state. martha: yeah. that's a very interesting analysis, stuart. i would add to that and ask you this, you know, jeff immelt is wearing two hats right now. he's running a huge corporation, so you say to yourself, well, why does anybody want to move a job the china? because it's cheaper to get it

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more than 3,000 ges. roger moore. french president sarkozy. supermodel, naomi campbell. and princesses caroline and stephanie, looking on, too. andrea bocelli performing. the prince, placing the reng on his bride's finger. it was long thought that prince albert would be a bachelor prince. this week, reports that his bride wanted out. the palace calling it an ugly rumor. tonight, monaco has its princess. >>> one other royal headline this evening. this one north of the border. prince william and his wife, kate, are in canada tonight. william is the future king. but bob woodruff tells us, there's no question that kate is stealing the show. he's in quebec city tonight. bob? >> reporter: that's very true. we're seeing a huge turnout of people at these events so far. not only a fascination with the duke and duchess of cambridge as a couple. there seems to be greater infatuation with william's wife, kate. we joined them with 3 00,000 people to see the fireworks and take in the sights of canada day. very much like the fourth of july. this morning, kate's first tree planting. the

that may get back on thlet me ge slide. these are interagency task forces that have been set up across a number of areas. obviously we need a great deal of coordination. from left to right on the top line we had the initial meeting of local bay area governments this past month, which is very exciting, and i think the pressure it being involved in the process. the next one i will talk a little bit more about the interagency coordination at the d.c. level and authorizations from federal law we will need. the public safety committee, which includes law enforcement and fire and emergency medical services. transportation committee, which includes not only city stakeholders, but also several meetings with the regional transit committee with the regional partners trying to make the regional transit strategy a centerpiece of making this as sustainable as possible, and i will talk in more detail about the people planned transportation strategy later on in the presentation. the next one, event venues. this is planned -- programming a

hustle around and make sure that we have enough for jim, who's always early and picking it up and geing out to the restaurants real quick. [indistinct talking] >> so we've got salad greens today, fava greens. >> her fava beans and boxes of her braise mix were eagerly received at the magpie caterers marketing cafe in sacramento. chef ed roehr wasted no time turning them into a delicious dish. >> jim's been a great help in us for learning what we can get in the area and how we can get those items here. well, without a connection to the food, you know, i think when you're trying to make food as close to the farm to table as possible-- we are busy, our calendar is busy all the time, and the reality of the matter is is as a chef of a place like this, i don't even have a lot of time to cook. it's almost--there's much going on, and having somebody that you can depend on and somebody you can trust, that gives us the confidence to go out to our clients and our guests here in the cafe and say, you know, "this is what we told you it was. this is from here. and this is where it comes from." and tha

ge this barge will set sail out into the water and then the those fireworks will descend from thei ascent from t >>pam: continuing our coverage with charles clifford. live with the berkeley marina. charles? >> yes they're getting ready for the fireworks show and right now the main that stage. this bandit just stepped off a this taking a break but it is not slowing anybody down. this crowd is just getting bigger this began at noon and it is testing going strong all day. >> with the sun shining it was a fantastic afternoon for the fourth of july celebration at the berkeley marina. for the children there is plenty of games, even pony rides. along the waterfront, vendors set up shop with a wide variety of great food. >> quite successful. tavarez truth. >> we've not had any trouble and we get about 100,000 people here by the time the fireworks began. >> as the afternoon progresses, the crowd began to swell. latecomers began pushing towards the water. they are watched towards the berkeley marine up here. >> those fireworks start at 9:35 and 1.5 hours if you would like to catch these? please kee

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ge was king there.ne by robots. 40,000 in schenectady. that's gone. and 3,000, 4,000, making turbines. making more than they did 30 years ago. >> to your point, bringing jobs to america would pay $19 an hour. >> right. what they pay. $14 dollars an hour in chattanooga. that's not an economic wage. >> the economic answer to this is you have to have the best education system. you have to let in some real entrepreneur people kung into this country, change immigration and america will stay at the high end of thing, but those two things aren't happening. >> they're not happening now and in the middle of all this, lots of people with nowhere to go. >> steve's point is a good point. the most salient fact of this decade, economy, we need a median decline. americans don't begrudge -- >> first time in history for a full decade. >> first time. interests, relates to the paint you make. we didn't go down from 2001, 2010, went down from 2001 to 2007, before the recession hit. if middle income don't feel the ladder ke

. -- ge and playskool. >> the kids build a graph about their values. >> the kids can learn about wind power while building models. they start off with a key phrase and spin their way to a new sentence. >> and the news pinwheels to get the next word that you want and then the next one and that is -- and of course, literacy development is okey. declerck in this age of technology, it gives them a chance to grab and hold fine instead of writing a screen or clicking a mouse. >> i have no idea what i just made, but i had fun making it. >> this exhibit will be your through december. >> that is all for us at 5:00 p.m. here is what is coming up at 6:00 p.m. >> a father react after its 4- year-old son was shot on a fourth of july. and questions are being raised about holiday balanced and -- holiday violence and security. >> and baltimore police are investigating yet another home invasion where the suspects pretend to be police officers. 11 news at 6:00 p.m. starts now. >> live, local, late breaking, this is wbal tv 11 news at 6:00 p.m. >> have some respect. >> a father is outraged. his 4-year-o

i think until ge we get past august 2 without a deal and there are serious consequences to to-to-that, we'll see where pressure is distributed. most polls say rinz will take the brunt of it. it doesn't mean the president wins. this is so complicated. what i've found that everybody has something to grab. last week there was a poll showing more people thought the president's approach was correct and that if they don't reach a compromise, republicans will get most of the blame whchl putting republican policies on paper and said what do you think? there are 66% of the people said cut, cap, balance sounds great. balanced budget amendment was in mid-70s. so for polls all over the place. i think what people want is just for the job situation to get worse. >> greta: i think the person running for president now part of washington sitting on an aisle, whoever that may be can see which way the dust settles. >> i think you're right. >> greta: that is the safest politacally. >> if you're outside of washington now? >> greta: run. >> yes. >> thank you. >> straight head will a balanced budget amendme

the state has contingency plans if the government ge faults on obligations it could shortchange education and it's not clear how much it will cost taxpayers. he is looking to secure a good interest rate. >> congressional leaders are expected to meet with president obama again at the white house today, sources from both parties say yesterday's two hour session was the most tense yet and very heated. president obama got into a big exchange with eric cantor and the president rejected republican demands that he accept a short term extension of the government's borrowing authority. it's causing mood discredit agency to consider a downgrade to the credit rating. >> for the first time this week, there was no need of windshield weather was nice with a big moon up there. >> big moon. gorgeous and that does mean drier. >> not as much drizzle around this morning but it's still out there in some areas. it's not nearly as widespread and we've seen breaks in the cloud cover that will continue into the afternoon hours. for more sunshine in forecast and drier air comes down the jetstream but still coming

the financial division ge capital performed strongly in the last three months and the portfolio transformation is ahead of schedule. >>> bank of america sold the large complex near downtown concord. the sale includes all four office towers. they have been using just three of the building and will lease back two them. there are reports that twist reality is paying $88 million bucks for the property. two major tenants have signed new leases with the new owner. >>> one san francisco giant will be surrounded by fbi agents this morning. the special award he'll be receiving. >>> a pair of long skirt bandits caught on tape. the items they took and the financial damage they caused. it's really delicious, mom. it's not too well done? nope. but it is a job well done. what are you reading, sweetie? her diary. when you're done, i'd love some feedback. sure. your mom and i read that thing cover-to-cover. loved it. thanks. would you mind if i cut the lawn this weekend? only if you let me talk to your mother on the phone for hours on end. done. [ male announcer ] u-verse brings peace to the family. at&t u-ve

i think until ge we get past august 2 without a deal and there are serious consequences to to-to-that, we'll see where pressure is distributed. most polls say rinz will take the brunt of it. it doesn't mean the president wins. this is so complicated. what i've found that everybody has something to grab. last week there was a poll showing more people thought the president's approach was correct and that if they don't reach a compromise, republicans will get most of the blame whchl putting republican policies on paper and said what do you think? there are 66% of the people said cut, cap, balance sounds great. balanced budget amendment was in mid-70s. so for polls all over the place. i think what people want is just for the job situation to get worse. >> greta: i think the person running for president now part of washington sitting on an aisle, whoever that may be can see which way the dust settles. >> i think you're right. >> greta: that is the safest politacally. >> if you're outside of washington now? >> greta: run. >> yes. >> thank you. >> straight head will a balanced budget amendme

. >>> the top boss from ge criticizing for not hiring. >>> could your social security check be held up does not compromise on the debt ceiling? >>> and then point man on jobs discusses some of the reasons why poppy harlow sat down to talk jobs and the economy. so poppy, tell us what did he say on the impact on the job market if we don't see an agreement on the debt ceiling? >> yeah, this is a man that runs a multinational huge multi-multibillion dollar companies. 60% of their employees are outside the u.s., and about 40% here. we spent a day yesterday touring a factory in south carolina with him. i asked him what happened if lawmakers in washington cannot come to a consensus by august 2nd. he said it matters so much more to small businesses in america that employ half of all americans than it does to big businesses like his. here is his answer. >> i would ask people to not think about ge so much, think about small business person who creates a lot of jobs in this country. they are petrified. >> what are they scared of? >> what happens if the government doesn't roll over it's debt? why

--ycaptions by vitac -- and ge www.vitac.comnth free. >>> time now for my xyz. >> this week we focussedshington, d.c. and how congress and the president will cut the deficit, but not just folks in d.c. lacking to be more frugal. it's people like you and me, and yes, even the tooth fairy. even a tooth isn't worth what it used to be. kids reaching under their pillows these days have found an average of 40 cents less per tooth compared to a year ago. the national rate is down $2.50. in the west, the average pay out per tooth rose to $2.80. but as the post says, other parts of the country, getting money from the tooth fairy is like pulling teeth. average pay out in the east is down 38%. south is down 21%. midwest is down $2.80. down 33%. skip the dollars and change and ask your parents for a shiny gold coin. that might be worth something if and when the government defaults. that will do it for