you have to take it with the grain of salt. >> he's not totally wrong with general electric.hey took 128 million in government contracts and so they have a good relationship i would say with the u.s. government. >> well, there is a long history of ceo advising the president. but this is not about ge or jimry immel. it 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 sayi

i should mention senator sanders brought up general electric. general electric is one of the two parents of nbc universal. >>> as the senate gets set to vote on whether to authorize the u.s. mission in libya, new rumors surface about gadhafi giving up power. >>> clashes in egypt. did anyone think the syrian rebellion could last this long? >>> we're going to check on wall street before the bell, a new warning that greece could still default on its debt. >>> after last week's great run, could the markets take a dive. >>> first a look at the president's schedule. it's all off camera on paper. we say that on paper. he has his first meeting with the new defense secretary, leon panetta. you're watching "the daily rundown" on msnbc. plus vitamin d to help maintain healthy blood pressure. [ bat cracks ] that's a hit. one a day men's. is now honey nut cheerios! yup, america's favorite. so we're celebrating the honey sweetness, crunchy oats and... hey! don't forget me!! honey nut cheerios. make it your favorite too! here's the truth: allstate can also pro

for the company until swayze he or she even knew one thing i mean that's to to say that the general electric has to write off its jets at the same speed as united airlines that seems reasonable to me that's not reasonable to focus name one thing that the republicans are willing to do where their billionaire millionaire and back can't corporate buddies are going to lose even one penny please one thing. i have and that's fiscal responsibility on the part of the government because that covers everyone with a broad brush it affects the billionaires and the millionaires as you always say as well as the low earners but the fact of the matter is here and you are sitting wondering a great c.e.o. what's where's the u.s. defaulting or the millionaires and billionaires paying an extra three percent in taxes like they did under bill clinton which got us by the way a balanced budget surplus again so even if you were to take all of their property and possessions if the government doesn't even use the way they're going they will squander this money in short order these spending would make emperor nero of t

they have to depreciate their planes over seven years however if you've got a private jet like general electric has or or or exxon mobil has or whatever you can appreciate it in five years instead of instead of seven years it was a little sweetener that was given to them some time back and so the democrats said why don't we take that appreciation back to seven years we'll save a few billion dollars a year at that point eric cantor gets up and walks out of the room say here are going to hear that you're going to cut the tax deduction on the accelerator depreciated for corporate jets we can't abear up these guys have got to be able to you know eat their corporate jets with their gold plated silverware while they're right across the country without having to go through the t.s.a. . tom de seduction and that's appreciation should be contingent upon any reasonable standard it wouldn't matter if it was for miles flown it just has to be a consistent way for the company and so we always eat here because of the new one thing i mean that's to to say that the general electric has to write off its jets at

general electric is moving x-ray business to china. what message does that send to americans? make this kind of stuff up. this is twilight zone material. >> $14 billion in year, $5 billion in the united states and jack cafferty paid more federal income tax. all of our viewers paid more federal next tax than ge did. how do you explain that? >> the of the arguments in washington is we can't close the control. that will never go. we have to subsidize big oil and the tax breaks. we will have to leave that in place. let's cut medicare and social security. it's just -- >> these are job creators and creating jobs in china. >> yes, they are. two billion they are going to invest in beijing and that will be the beginning. it's a wonderful market for american business, but what about the jobs here? the jobs are not here. they are all over there. >> someone inviting to come into the situation room. that would be a good interview. >> that are would be delightful and it will be front row center. >> the united states has been seen as a safe bet for investors and depenning on how things go in

used to be in the old days that everybody had their own electricity generating plant. people would generate electricity locally for their own production means for their own factory. that got turned into a utility. the economics and study of that is very interesting. there's a fabulous book called "the big switch" which basically tracks that history. think of what clout is doing to computing is being analogous. instead of having to own and run your own software and hardware and computer systems, these things simply become services that you acquired by some horribly complicated plug. so it becomes viable economically -- the economics are compelling. you can consume by plugging in. you have to plug, yes, it is still the case that you know too much, but it is really that, that turning computation into a utility that can be consumed as opposed to requiring human to surround previous manifestations of the technology. >> i thank the panel for coming here today. we also thank our audience here for those listening and viewing. now, this meeting of the commonwealth club of calif

ceo of general electric lecturing small business and a key part of the health care law is under attack from the democrats. growing opposition proof that rationed care is coming. >> another top executive resigning in the news of the world phone hacking investigation. dow jones chief executive les hinton is stepping down. he once served as chairman of the paper. has resignation coming after rebecca brooks announced her departure. allegations first emerged that reporters of news of the world hacked in private cell stories. rupert murdoch sayed that news of the world was in the business of holding others to account. it failed when it came to itself . we are sorry for the serious wrongdoing that occurred. we are dopely sorry for the hurt of the individuals. news of the world shut its doors last week. i am jamie colby. see you one p.m. east yern back to forbes on fox. keep it on fox. ♪ new group of critics coming out against the president's health care law. eight demdeps signing a bill to repeal the independent payment advisory board. that is 15 member panel of government appointees in charg

grocery stores do not pay taxes, nor does general electric. that would be eliminated. >> lower rates. let's bring rates down other places. >> i was saying with exxon/mobil they pay a lot in the nigeria and other countries around the world but no income tax in the united states, but they can deduct that income tax overseas and not have to pay it here. you're open to changing that one? >> we ought to go to a territorial system, what the rest of the world operates on. we tax things that happen in the united states and not that happen oversea. similarly, when people make money in the united states, we tax it and france doesn't. that's a territorial tax system. it's clearly where we're going to, but we ought to move there as quickly as possible. >> you're the president of americans for tax reform, very influential group here in washington. i want to read what former president bill clinton said in aspen, colorado on july 2nd. did you see this? >> i think so. >> he said you're laughing, but he, referring to you, was quoted in the paper as saying he g

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv drive. this is important for landing of the elevator. also, acceleration and deceleration, if there is instability in a car, can be reduced. >> so we have taken a ride in an antique elevator. >> this was an elevator built in 1913. >> we have checked out current elevator technology. >> these were installed in 1972, outside observation elevators. >> it is not standard because there is no tape that runs it. but shane we have seen the future of the elevator technology. >> i am going to push the access key which will access the voice. >> this has precise generation of power, which is important for highly acrilan the landing of the elevator. >> what happens next week and not know but it will be exciting. thank you for showing us this interesting technology. >>

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv

passing well this will as we to see that the station will begin operational test mode it will generate electricity and disputed by national power grids as for the station itself everything is complete and i don't see any problems of the guards to its operation iran is using its own experience to develop the reactor which is planning to launch in the next three or four years this reactor can generate forty five megawatts. molly was the. decision did you make the following russia's proposal to settle the nuclear dosia issue what are the main provisions of this proposal what do you think about. my but. first of all i would like to thank russia for its constructive efforts aimed at finding a settlement to iran's nuclear program as far as we are concerned we consider this proposal to be a step forward for breaking the deadlock that's why we view russia's proposal as opposed to the step however while iran seeks a new initiative to settle its nuclear problem to the west continues he claims that iran is producing missiles capable of carrying nuclear warheads this kind of behavior convinces us that the wes

we'll also see quarterly results from general electric, honeywell, verizon, and xerox. caterpillar is out with earnings, too. we'll go inside the numbers to see what they tells us about the global economy. the federal aviation administration faces a partial shutdown this weekend due to a subsidy showdown on capitol hill. lawmakers have yet to agree on a short-term extension of the faa's operating authority. a deal is being held up over union rights and funding for rural airports. the faa says 4,000 workers could be furloughed on saturday, but airport screeners and safety inspectors would not be affected. >> tom: america's taxpayers are off the hook when it comes to chrysler's government loans. the treasury department's sale of its remaining stake in chrysler is complete. fiat is now the majority owner in chrysler. the government committed a total of $12.5 billion to chrysler as part of the auto rescue. to date, treasury says it's gotten back just over $11 billion. officials say it's unlikely to recover the remaining $1.3 billion. >> susie: creating cost- effective, ener

we'll hear from apple, caterpillar and general electric. several banks also report results next week. monday, we look at the health of big banks like goldman sachs and bank of america. >> susie: newscorp chief executive rupert murdoch is apologizing to all of britain for the phone hacking scandal involving his "news of the world" tabloid. the apology will be carried in british newspapers this weekend with the headline "we are sorry." also today, two executives of murdoch's british newspaper operations resigned because of the scandal. rebekah brooks, the chief executive of news international, and dow jones c.e.o. les hinton stepped down. >> tom: norwegian cruise lines is setting sail for the stock market. the miami-based company filed for an initial public stock offering today. it hopes to raise $250 million to repay debt. no word on when it will come to market, but it will trade on nasdaq under the ticker n-c-l-h. also heading the nasdaq? zillow. the real estate listing service today detailed its stock offering plans. it hopes to raise $71

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 disappointing, but beyond that the number of people who just quit looking. if you go back into 2009, if that many people were still in the work force trying it work we'd be at 11% unemployment. you have to go back decades to find a similar percentage of people in the work force,

the arain jan -- iranian government is manufacturing nuclear materials by reason they say to generate electricity in that kind of facility this is the thought that there might be a military strike to surgically remove one of those or several of those facilities. do you think that would be a good idea? >> you know, the best way to guarantee stability and security in iran is to support a government that is representative that will be accountable to it's only -- own people. >> you would not like the military intrusion. >> i would not like a military intrusion. i don't think a military intrusion where people are in the streets demanding freedom would make much sense. no, i would not. >> do you feel there's an active effort to secure the nuclear bomb in iran? >> i don't see why the iranian government would not go that way because it will use it as an instrument to bribe the other countries. >> and as a shield against. >> and as a shield. >> possibly the united states. >> in their thinking. >> and the neighboring countries, yes. >> is that worrisome to you that iran. >> it is worrisome. >> but you stil

then we could probably see some benefits to the industrial companies focusing on companies like general electric or northrop grumman. >> reporter: stock forecasts are often as unreliable as weather patterns. six months ago, wall street was betting 2011 would be a gangbuster year. while that seems unlikely now, it shows just how quickly expectations can change. erika miller, "nightly business report," new york. >> tom: late today, the u.s. treasury department said secretary timothy geithner will not make any decision about leaving the obama administration until a deal is reached on raising the debt ceiling. the comment came after bloomberg news reported geithner was considering a return to private life after the debt ceiling is raised. >> susie: here are the stories in tonight's "n.b.r. newswheel." the federal reserve today wrapped up its government bond buying binge called "q.e. 2," the fed bought u.s. treasuries during this latest round of so- called "quantitative easing". but the central bank is still expected to spend $25 billion a month to replace the maturing debt on its books. standard and

is under any illusions that the country desperately needs to find alternative clean ways to generate electricity the current reliance on coal which provides some eighty percent of chinese energy needs cost the economy more than two hundred billion dollars a year through air pollution alone and while beijing is investing heavily in turn it into energy supplies nuclear power is seen as the best bet for the chinese government the problem facing authorities though is trying to convince a sometimes. jittery public but nuclear energy is a safe alternative so they are investing millions of dollars into thorin research like this in order to try and lay those fears to rest in so doing it maybe showing the rest of the world a new part of the clean energy and we want an ati aging now a quarter past the hour here in moscow with our two former i.m.f. chief dominique strauss kahn is to face fresh charges of sexual assault which have been filed by a french writer she claims she was attacked in two thousand and two because lawyers say they will sue for slander it comes as a trust carnes that new york sex assaul

after a stint at general electric, both went to work at dupont. michael is now the head of global marketing. so your husband mike is working here. i mean, how weird is it to have your husband a subordinate? >> he and i have worked in the same companies for the last 25 years. so we've always been used to, you know, working in the same industry. we're both marketing types and engineers. and it's never been an issue for us. >> susie: but you're the c.e.o. >> that's true. i guess maybe because it's been 22 years we've both when-- been working for the company that it just hasn't created any of those issues. >> susie: the couple have three children. a daughter in college, and twin boys, heading into their senior year in high school. >> susie: just about every working woman watching this interview struggles to find a balance between their career and their family. and you've been talking about your-- raising your three kids. how did you do it? >> balance was never my goal, right. i think just surviving might have been... ( laughter ) for part of it. i've

is under any illusions that the country desperately needs to find alternative clean ways to generate electricity the current reliance on coal which provides some eighty percent of chinese energy needs cost the economy more than two hundred billion dollars a year through air pollution alone and while beijing is investing heavily in turn it into energy supplies nuclear power is seen as the best bet by the chinese government the problem facing authorities is trying to convince a sometimes. jittery public that nuclear energy is a safe alternative so they are investing millions of dollars into foreign research like this in order to try and lay those fears to rest in so doing and maybe showing the rest of the world a new path to clean energy and we want an ati beijing. moscow's hopes for a joint missile shield in europe have been dashed at a russian nato summit in the city of sochi the alliance said it had no plans for such a system and wouldn't guarantee its own missile shield won't target russia later we'll hear from a leading american scientists assess obama's administration is continuing bush era

is under any illusions that the country desperately needs to find alternative clean ways to generate electricity the current reliance on coal which provides some eighty percent of chinese energy needs to cost the economy more than two hundred billion dollars a year through air pollution alone and while beijing is investing heavily in tentative energy supplies nuclear power is seen as the best bet by the chinese government the problem facing authorities is trying to convince a sometimes. jittery public that nuclear energy is a safe alternative so they are investing millions of dollars into foreign research like this in order to try and lay those fears to rest in so doing they may be showing the rest of the world a new path to clean energy henry morton r.t. beijing. effects of the fukushima crisis are continuing to manifest themselves in various areas including japanese politics japan's disaster reconstruction minister motor has resigned only a week into the post this comes after his visit to an area hit by march's tsunami and earthquake there matsumoto scolded the local government and threatened

is under any illusions that the country desperately needs to find alternative clean ways to generate electricity the current reliance on coal which provides some eighty percent of chinese energy needs cost the economy more than two hundred billion dollars a year through air pollution alone and while beijing is investing heavily in turn it into energy supplies nuclear power is seen as the best bet by the chinese government the problem facing authorities is trying to convince a sometimes and jittery public that nuclear energy is a safe alternative so they are investing millions of dollars into thorin research like this in order to try and lay those fears to rest in so doing they may be showing the rest of the world a new path to clean energy and we want an ati beijing. r.t. dot com is there where whenever you once for more on the stories we're covering here let's take you through what's lined up for you there. a holy round over a helicopter a warship or a russian m.p. takes to the heavens to get to the church on time but causes misery at the monastery. plus violent clashes between cossacks and the

is under any illusions that the country desperately needs to find alternative clean ways to generate electricity the current reliance on coal which provides some eighty percent of chinese energy needs the economy more than two hundred billion dollars a year through air pollution alone and while beijing is investing heavily in turn it into energy. supplies nuclear power is seen as the best but by the chinese government the problem facing authorities is trying to convince a sometimes just republic that nuclear energy is a safe alternative so they are investing millions of dollars into foreign research like this in order to troy those fears to rest in so doing maybe showing the rest of the world a new paltz clean energy and we all see. if you're sure a crisis is continuing to manifest itself in other areas including the political arena they japanese minister responsible for rebuilding after the tsunami and earthquake disaster has quit after just a week following remarks he made in the disaster region which was seen as offensive matsumoto i'm going to blow things and politicians refusing to shake th