dave cote, ceo of honeywell on the fiscal commission and alice rivlin, former director cbo, omb, vice chair of the fat on the fiscal commission and cochair of the domenici rivlin. we have a group of people who are together putting together bipartisan deals that in fact did go big and could go big and in many ways will inform the work of the super committee. i'm going to be joined now by my co-moderator, peter cook from bloomberg tv. peter, if you are ready, alternate server two for the first question to our group. >> maya, thank you for the participation. and the all-star panel he have to talk to about the issue in washington these days. as a reporter covering the super committee and actions over the next few weeks, this is a list to say a fascinating and important topic for us and our audience have bloomberg and important for not only this unanswered, the audience at home and around the country to find out why you won't believe going big is the right move because certainly forgot their voices in

honeywell-- and modest expectations than projected. dan kerman, kron 4 news. ♪ >>jacqueline: 90's. 90's in the livermore area. and inland. iposphere still, close to the coast that fog is hanging on. a look at our temperatures from the last 24 hours temperatures are down for the entire bay area. five degrees cooler in half moon bay. to degrees cooler in san francisco this cooling trend will continue for tomorrow. mild temperatures with 80s inland. 74 and south bay, san jose, los gatos. cooler conditions continuing for friday. with saturday continuing cooling and even the chance of rainfall sandy on the north bay. details of your sunday-north iran chances. >>pam: north rain chances. >> brian stow talk to doctors but something else. special happened. 8:30 >> charles clifford a memorial has been unveiled with two fallen firefighters. >> and mark zuckerberg takes the stage for the annual facebook changes. that is coming up. >>pam: a clash of sports and movies and our very own vern glenn the joins jan wahl to review " of money ball ". >> jay

investment banks and what has been a nord are the positives it was a decline on unemployment claims honeywell earnings aren't going to be better than expected and the u.s. economy is to grow at a faster rate protesters are fed up with the industry's role this is demonstrators in new york city gathering on wall street police are keeping the things under control when the protests started on saturday and has been going on all week as we wait for the markets to open with these wild swings are to continue in the coming as we get closer to the opening bell we will bring you the numbers >> you talked about the protesters and we have pochard gestures at uc- berkeley campus is quiet right now yesterday dozens of students were rallying in drop was they took over bay as waiting for the protesters >> this is told and all and protested four hours away we expect to see a lot of students filling this area by that time we will show you some pictures from yesterday. they occupied the building university police to confront them there are situations including pepper spray one officer said was cornered and had b

>> tomorrow when we wake up the be new rumors wheelock's >> a modest decline in unemployment and honeywell are earnings will be higher than expectations with and the feds also said the u.s. economy to grow at a faster rate. when this will continue until next progress has been made to satisfy investors >> we have the s&p futures down right now we will wait and see what happens when the bell rings and now we're a look at whether and some happy numbers >> as we head into smart we will see this temperatures takeover bid plunge when. we're seeing the fog around the area this is a look of your temperatures in mountain hill san jose and morgan hill this is a look of your current temperatures around the bay area. as we take it through the day will warm up quickly on the inland spots you will still continue until the heat by noontime we will pop open to the '90s pi. will top out at the '90s and the warmest locations this is a look of temperatures had expected to be high brought would would . this is look of your seven day forecasting an easy the temperatures drop off and you will notice a cool down

dave cote the ceo of honeywell.lice rivlin, former director of cbo, vice chair of the fed on the fiscal commission and co-chair of the rivlin commission. we are putting together a bipartisan deal that did go bigger and could go big and hopefully will inform the work of the supercommittee. i will be joined by my co moderator, peter cook. i will turn it over to you for the first question. >> appreciate the invitation to participate in this all-star panel to talk about the issue. as a reporter covering the supercommittee, this is an important topic for our audience and not only for this audience but the audience at home and audiences around the country why going big is the right move. we heard other voices in washington and elsewhere going small is better. so let's hear about that. erkine bowles, you had the benefit of being the chairman of the deficit commission along with alan simpson. you came up with a package that did exceed that $4 trillion figure. give us a sense why going big makes sense for the country and is

now these are some of the biggest corporations in the world we're talking about the rise of boeing honeywell a general electric e.-bay ford motorola and dow chemical and all the twenty five c.e.o.'s average about sixteen point seven million dollars in salary that is well above two thousand and nine of ten point eight million then when tax time did come most of the companies actually came out ahead collecting tax refunds from the i.r.s. the average of three hundred four million dollars so for we get into what that means let me just give you two more statistics in the report that i kitchen fuming eighteen of the twenty five companies operated in subsidiaries and offshore tax havens and twenty of these twenty five companies also spent more money on lobbying and they paid corporate taxes so now if you we say hello washington why are you letting this happen joining me from our studio in los angeles is an experience co-host of the young turks and thanks so much for joining us tonight now there is a think there's a lot to pick through here but what was your first reaction of seeing these numbers .

honeywell, a major manufacturer also fell short of x dented and expected earnings.ted--they expect this volatility to continue until the progress in european and domestic economy to insure stability with investors. >> meg whitman taking the ceo role at h-p. >> the chance of thunderstorms tomorrow and the chance of rainfall even on sunday. details on this forecast coming up next i'm a curious seeker. i am a chemistry aficionado. diphenhydramine. magnesium hydroxide. atheletes foot. yes. i'm a people pleaser. if elected, i promise flu shots for all. i am a walking medical dictionary. congratulations virginia. inflamed uvula. i'm virginia. i'm a target pharmacist and i'm here to answer your questions. >> the world stage held iran's president showed a disgraceful speaker. the most provocative. calling 911 " mysterious. using this as a pretext. >> the ultimate and domination. >> members have walked out and european the delegates walked out when he spoke about the holocaust. >> some countries still using holocaust after six decades. as the excuse to pay fines or ransom to

beyond making a commercial for honeywell, the point is that i travel a lot.et to see a lot of other countries and what they are doing. it is important for us to realize as a country that 20 years ago, there were 1 million participants in the global economy. today there are about 4 billion participants in the global economy. china, india, eastern europe a lot of southeast asians were not participants before. yet we still act like we did 20 years ago. we brag about winning the olympics 20 years ago as opposed to focusing on what we need to do to win today. we need an american competitiveness agenda. we need to get our competitive mojo back the way it was when our parents and grandparents got us in the position we are in today. there are a number of things to address. debt, energy policy, math and science education, infrastructure. these are all things we need to do to be globally competitive. the part that scares me is we're takeing it difficult to d care of the glaringly obvious problem. with simpson-bowles, i thought we had a glaringly obvious solution. $4 tr