>> up next, an exclusive interview with labor secretary hilda solis. we will discuss whether the latest minimum wage increase will help workers or whether it will actually force employers to cut more jobs. she joins us in a cnbc exclusive. >> and after the bell despite the recent rally there's still more than $4 trillion sitting on the sidelines. could hedge funds end up taking this market higher? answers today, 4:00 p.m. eastern time. >> but first, here's where the action is on the street today. the most heavily traded stocks at the nyse, led once again by citigroup and b of a. cit also on the list, up today. back in a moment. announcer: the perfect hotwire getaway-- shop till you drop, relax by the pool at a four-star hotel for a two-star price from hotwire.com. when hotels have unsold rooms, they use hotwire to fill them... so you get them at prices lower than any other travel site, guaranteed. like four stars in chicago. travelocity price, $179. hotwire hot rate, just $95. hotwire.com. four-star hotels, two-star prices. ♪ h-o-t-w-i-r-e ♪ hotwire.co

reemplaza a hilda solís, dijo que luchará para impulsar una reforma migratoria.idos de má de lo que debía. latinos pesa >> la página de la revista. tiene en la internet dio a conocer un video inédito de un accidente ocurrido para michael jackson en 1984, su abundante cabellera se prendió en un esceo mientras grababa un comerciapara pepsi, el artista no pareció darse cuenta hasta que sus colaboradores se lanzaron para socorrerlo y sufrió severas quemadura ción. >> a golpes los diputados en guatemala resuelven sus diferencias. >> la nasa revela imágenes del primer viaje del hombre a la luna hace 40 años. >> alias tvñrghçbkph@h@h@ farc capturado en la operación jaque. hoy día se abre unuevo capítulo en la vida del guerrillero al ser extraditado a los estados unidos, en bogotá, nos cuentan. el 2 de julio del 2008 comenzó el mismo in fern q infierno que obligó a muchos. carcelero de la farc, fue extraditado a los estados unidos para responder por varios delitos. >> será procesado en los estados unidos por el delito de toma de rehenes y apoyo a las actividades terrori

told you about the election in southern california for the congressional seat held by secretary hilda solisg, the winner and her name is chu. >> judy chu, on the left, has defeated her cousin by marriage, betty tom chu. it wasn't even close. judy chu won 62% of the vote. >> the names didn't confuse everyone else in california. >>> in new york, former beatle did his pest to reel in the years for his fans. ♪ jo-jo was a man who thought he was a woman ♪ >> that's mccartney and his band playing yesterday, on the marquee of the ed sullivan theater. >> it was inside that theater that mccartney and the rest of the fab four made their u.s. television debut on the ed sullivan show. >> hopefully the crowds were as good as they were for the ed sullivan show. >>> coming up on "america this morning," you've heard jokes about police officers and their love of doughnuts. >> the delicious story of a shop saving a downtown district is coming up. pasteurized procesed cheese product? (lou gentine) ornatural cheese slices?, at sargento, our deli style slices are always made naturally. sargento. persnickety peo

earlier i spoke with labor secretary hilda solis, who said quite frankly, they're not happy with these numbers. >> but i do think that there are some small glimmers of hope that we are seeing some stabilization, and i would just tell the public that we remain optimistic and we keep their focus fully in front of us and the plan here is to continue to move forward with our recovery program. we want to keep positive and we want to be behind those working class people out there that know that america will come through this recession. >> all right. turning now from your job to your house, a mixed bag of news this week. home prices took another dive, falling 18% from last year. but only dropping .6% from march to april. those numbers with the latest s&p index which looks at home prices across the country. are these home numbers a sign of a rebounding housing market? if you're looking to buy, when should you 0 lock in the best mortgage rates? greg mcbride is with bank.com and donna rosatto is a writer with "money" magazine. great to have you here. i want to start with greg. this has got to be

they are picking a replacement for former congresswoman, hilda solis, who is now the secretary of labor. the candidates, judy chu, and betty tom chu. they are cousins by marriage. "the l.a. times" calls judy chu, the heavy favorite in a democratic district. >> can't wait for that family reunion. >>> a fresno, california, woman nearly instantly became a million dollars richer. she checked her bank account. and her balance was more than $850 million. she resisted the temptation to go on a shopping spree. instead, she alerted the bank to fix the error. and sadly, the money is now john. but she says it was fun being an almost billionaire for a day. >>> now, to another bank error, on the other end of that spectrum. this one left a new hampshire man with a debt bigger than the -- a debit bigger than the national debt. josh got the shock of his life, after using a bank card to buy cigarettes at a mobil gas station. instead of a few buck, he was charged 23 quadrillion dollars. >> it's a lot of money in the negative. something i couldn't afford to pay back. grandchildren. nothing like that. >> t

i'm especially honored to follow in the footsteps of my mentor, secretary of labor hilda solis, who's support and encouragement i truly cherish -- chose support and encouragement i truly cherish. i've been proud to be elected by a district of the people of california that is diverse, that is working class and that cares deeply about its senior centers, parks and community centers. they are anxious to ensure that their kids will have a job when they graduate from college, that they don't have to fear getting sick and that they can be secure in staying in their homes. i look forward to working with you in making sure that this happens. i want to thank my supporters for believing in me so strongly and they're up there. i want to thank my family, my nieces, my family and especially my husband, mike yang. it is at times like this that i think about my grandfather who came to this country with nothing. he worked hard and opened up a small chinese restaurant and working night and day and day and night he used that very expensive labor, his sons, to make ends meet. and now two generations lat

lisa jackson, miss mills, and hilda solis. and our new director of our office -- i always forget the full name of this thing. i call it the drugs are. [laughter] -- the drug czar. [laughter] by the way, nichols -- for you. thank you so much, all of you for partisan bidding. -- for participating. it is great to be back among some of the most urban thinkers on the future of america's urban and metropolitan areas. this is a subject that is near and dear to my heart. i have lived almost all my life in urban areas. michele and i chose to raise our daughters in the city where she grew up. and even though i and went to college in l.a.n. new york and law school across the river from boston, i receive my greatest education on chicago's south side working to bring about change in those communities and to bring opportunities to those people's lives. there are a number of chicago folks who are fighting with me -- i mean, alongside me. [laughter] that experience also gave manahan -- an understanding of some of the challenges facing city ha

the union's view legislative bit dense and the appointment as labor secretary hilda solis, who is very sympathetic to the unions. obama has failed to embrace their agenda. he said if it passes he will sign it, but it does not sound like he has been enthusiastic about getting it passed. guest: he has not been enthusiastic at all. during the campaign in states like pennsylvania where there were a lot of union voters, he was all gung-ho for employee free trade act. he promised to support it when he was president. he just has not delivered. i spoke to a member of the u.s. chamber of commerce who is against the bill. his point on this was accurate. this is a divisive issue. obama does not see it as a legacy issue like health care or the economy or some other issues that he wants to work on that he sees as more important. frankly, i think supporting unionization from the broader economy is a hard thing to do, but that is his calculation. this will split the senate and make a lot of people mad. obama doesn't like to make people mad. he has not fought for the bill and it has been disappointing

and hilda solis.u to know as well as our new director of our office of -- i always forget the full name of this. i call it the drug czar. ok. by the way, nichols vouched for you. so thank you so much, all of you, for participating. i see a lot of friends old and new. it's great to be back and it's great to be joined by some of the finest urban thinkers in america for what i understand has been critical conversation on the future of america's urban and metropolitan areas. as you might imagine, this is a subject that's near and dear to my heart. i have lived almost all my life in urban areas. michelle and i chose to raise our daughters in the city where she grew up. even though i went to college in l.a. and new york and law school across the river from boston, i received my greatest education on chicago's south side working at the local level , to bring about change in those communities and opportunities to people's lives. i see a number of chicago folks who were fighting with me -- i mean alongside me