m and t shareholders got greater earnings power and the hudson city shareholders got greater currency and a lot of upside to it. those are going to help drive transactions. everybody goes me too, i would love that transaction, love to do something like that. you look at low growth we have in this economy, a lot of reasons to get together to cut some costs. the top guys are out of this m ggim -- are out of this game. it's everybody down below that will get together. dagen: that was one of the interesting things where the acquiring bank can benefit as well as the the bank that is being bought. what kind of combinations are you looking for as an investor where that would be the case? what is the most logical? and are you more of an owner now of the banks that are going to obviously be bought as opposed to the buyers? >> yeah, i mean, i clearly have always focused on owning the targets. but in an environment like this, the buyers aren't hurting you when they do a smart transaction, so we have seen other transactions where the buyers stock has gone up recently. south carolina bank and trus

hudson city bank. >> well, you're getting bought. hudson city's finished. register. you're done. the finite nature of a takeover says you should ring the register and move on. let's go to albert in my home state of new jersey. albert. >> caller: hey, jim. booboo bao-ya from sunny florida. >> nice. sunshine, hit me. >> caller: i'm having trouble with abbott laboratories. >> hit a 52-week high today. what's the matter? look, i think abbott's terrific. they're splitting the company up. it's dock really well. i own it for my charitable trust. had a really big gain. i've only watched it go higher and higher. i want you to stick with abbott. and, that ladies and gentlemen, is the conclusion of the "lightning round"! [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade archi

hudson city bank. >> well, you're getting bought. hudson city's finished.e nature of a takeover says you should ring the register and move on. let's go to albert in my home state of new jersey. albert. >> caller: hey, jim. boo-boo-boo-ya from sunny florida. >> nice. sunshine, hit me. >> caller: i'm having trouble with abbott laboratories. >> hit a 52-week high today. what's the matter? look, i think abbott's terrific. they're splitting the company up. it's doing really well. i own it for my charitable trust. had a really big gain. i've only watched it go higher and higher. i want you to stick with abbott. and that, ladies and gentlemen, is the conclusion of the "lightning round"! ♪ [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bounty basic. the towel that's durable and scrubbable. in this lab demo, bounty basic is stronger than the leading bargain brand. everyday life. bring it with bounty basic. affordably priced. tested by everyday life. and try bounty napkins.

one thing that we saw recently is m and t buying hudson city.t for both shareholders because it went up on the announcement and that's where you get a terrific announcement. awarded with a premium and that makes for a very fertile environment. >> when you take a look at what has happened with the big bank in europe and how restricted their balance sheets are, doesn't that mean that jpmorgans of the world are going to have tremendous share as well as the gold nan sacks? should they be in the portfolio as well? >> absolutely. they are in my large cap portfolio and you're absolutely right. from a lending perspective, wells fargo has been an active acquirer. the other thing important is the investment banging side of the business, the big investment bank with shares as well. the large what i call the big uglies in the u.s.. >> anton, what is the largest underowned bank relatively speaking right now? >> i would have to say that citi and bank of america are both in that bucket. they both have different kinds of risk. they are libor parties. they are b

hudson river. go to the upland and work by gravity." and that's what new york city did. they first went to the hudson highlands, but 150 years later, it went to the delaware highlands. and really diverted the water that normally went to philadelphia to new york city. i don't think they anticipated that. narrator: the majority of new york city's drinking water comes from watersheds in upstate new york. a watershed is the area of land where water from rain or snow melt drains downhill into a body of water. mountains act as a funnel to feed rivers and lakes. and in this case, reservoirs. in the new york city system, water is collected and stored in 19 reservoirs, which can hold more than a year's supply -- over 580 billion gallons of water. almost all of the system is fed by gravity, without the use of energy-consuming pumps. valves open to regulate the flow into the 85-mile-long delaware aqueduct -- the longest tunnel in the world. at hillview reservoir... the water is partitioned into another giant tunnel system. where it travels deep below manhattan. the pressure built up

we're joined now live from jersey city, across the hudson river from lower manhattan. >> good evening, you can see right across the river, the new york city skyline and the tribute in light, two beams of light shining into the night sky and remembrance of those lost 11 years ago in the terror attacks. thousands gathered at the footprints of the twin towers as family members read the names of the victims, some added short messages to their loved ones. >> catherine's brother died in the north tower, she and her sister come here each year. >> it is a collective grieving and only another 9/11 family member understands that is like. >> sandra understand, she lost both sons at a trading firm. >> won a 104th floor and one on 105th floor. the most died there. >> the public memorial in lower manhattan has been opened one year, 4.5 million people have visited. one world trade center dominates the skyline but a budget battle has delayed the museum. officials hammered out a deal in time for the anniversary but still politicians were not invited to speak at the ceremony this year, which kept the f

in effect for boortz parts of new york city, parts of jersey and lower hudson valley until 7:00 p.m. ern parts of connecticut under a tornado watch until 11:00 p.m.. keep in mind, melissa we had two weeks ago touch down in new york city. one in queens and another one in brooklyn. back to you. melissa: robert gray. all right. thanks. >>> all female texas tire business takes aim at an industry heavyweight. the owners join us next on how girl power is pumping up their bottom line. at the end of the day it is all about money. ♪ [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. melissa: we've got breaking weather news right now. we want to go to robert gray for more on the tornado, group of tornados i guess it is thr

in effect for boortz parts of new york city, parts of jersey and lower hudson valley until 7:00 p.m. ern parts of connecticut under a tornado watch until 11:00 p.m.. keep in mind, melissa we had two weeks ago touch down in new york city. one in queens and another one in brooklyn. back to you. melissa: robert gray. all right. thanks. >>> all female texas tire business takes aim at an industry heavyweight. the owners jojoin us next on how girl power is pumping up their bottom line. at the end of the day it is all about money. ♪ [ horn honks ] [ male nouncer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...e mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70%. that could mean $250,000 of covera

city. right on the hudson, right? right there? yes. >> yes, it is. don't get me into geography.r haworth? >> haworth. >> i was right, there. go on with clyde hill. >> clyde hill. >> number two is clyde hill, washington. that's a beautiful suburb of seattle. number one, cherry hills village, colorado. ten miles south of denver. >> if you were wondering the dirtiest cities, this is by travel and leisure magazine. these are my favorite cities in the country. >> i know. >> five is atlanta. >> four is los angeles. >> three is baltimore. and my top two cities in the country are number two and number one, baby, new orleans, louisiana. >> and new york city. what they all have in common, something hoda can't live without, a strong night life. for somebody who gets up at 4:00 in the morning, what are you doing out on the town? >> i like the grittiness of those kinds of cities. i like the smell. >> you like the smell? >> yes, neat cities, clean, that's not my kind of city. i like cities with dirt under their nails. >> like you like your men. >> yes. all right. >>> should we go to the best

e weend wl cut a li the rain is heaviest now moving through the hudson valley of new york, just north of new york city and pushing through the birkshires and central connecticut. down towards philadelphia and d.c., there are scattered showers here. maybe a quick down pr or two. they're going to be isolatednd moveutn ahu thin up he in new england is going to be more of a steady rain through your morning commute, especially the mass pike and 95 through connecticut and then the new york state thruway. how do we look as we head towards the weekend? the story we' dealing with now in endleg itulea out. there is another storm lingering in the northern great lakes. you could have scattered showers any time. the other significant weather event is in texas where we desperately need the rainfall, you're going to g it this weekend. hofully it won't rain out too many fall plan weechg thai depi today and as we go into tonight and saturday. how much rain are we talking about? the most significant rains are to the south. looks like san antonio, houston, southward down through brownsville area and then by saturday, so

city. you see thalf moon, which was henry hudson's ship. the other side is a windmill, which refers to the original dutch settlers of new york. and then on the top is the great monumental sculptural element, which has three gods. >> the gods -- hercules, mercury, and minerva -- came from greek and roman mythology. they represent strength, commerce, and wisdom. even the clock is special. tiffany glass lines the numbers and the hands. >> it's very difficult to see, but when the light shines on it, it's quite beautiful and picks up in different colors. this is a really wonderful -- probably one of the most spectacular places to be in grand central and in the entire city. not very many people actually get to come up here. but what you can see from here that you can't see from down below -- first of all, you get a sense of the scale of the building, how large it really is. you get to experience the many different kinds of motion that occur here. kristen, behind you is the information booth, which is really at the center of the main concourse. it

hudson, quebec, is 40 miles from the french canadian city of montreal. it's also home to a summer music festival that draws thousands. >> the hudson festival is very, very popular with the town. everybody comes out. it's a very festive atmosphere. >> the best place to watch the performances is the stage by cunningham's restaurant and bar. >> we luck out every year. we get the stage right in front of our pub. >> july 31st, 2010, is the last night of the festival. hudson resident sherry graham is there with her family and her video camera. >> there's some really interesting things. i walk around and see what i would like to film. >> she's not the only one excited to be at the festival. the area outside cunningham's is packed. in addition to the music, there's a special nighttime act, a fire breathing performance. >> we didn't know what to expect, but we knew it would be probably exciting. >> fire breathing has long captured the imagination with its irresistible mix of dazzle and daring. >> fire breathing is something that captivates the crowd. it's the chan

his family's country home in the village of five park overlooking the hudson river about 70 miles north of new york city. cannot be precisely sure when we first wrote the book he is holding. we know that he read it at an early age, certainly before his teens and know that he had a powerful influence upon him throughout his life. it was almost certainly the single most important book you will ever read. the book captures his attention. entitle the naval war of 1812. from early childhood friend the has been fascinated with things maritime, an avid sailor. under his father's watch will tutelage he learned his and knocked about from iceboats and other small craft and served as crew on his father's 51-foot sailing vessel. during summers on the island where the family keeps a cottage but he is not the subject matter that has brought into the naval war of 1812 so much as the fact that the book is written by his distant cousin, theodore roosevelt. beyond -- young franklin doesn't greatly admires his fun-loving 35 year-old cousin who enjoys strenuous cares for children and to after a day of running and shouting

now as far as the new york city area goes, you can see the heaviest of the rain north of new york up into the hudson valley. driving northward or 95 up into new england or 84 through connecticut, the stead iest rains or heaviest rains, that's good. this is more welcome rain for kansas and north texas through the panhandle through oklahoma. that's pretty isolated at this time. there were some lightening strikes earlier. as far as the forecast goes, we are watching on the eastern seaboard that storm system moving through this morning. this afternoon a lot of it should clear out from d.c., to philly to new york. this morning the rain will be with us. through boston, it will linger. texas, you've got some rain heading your way especially today and tomorrow. that's a look at your national forecast. now you can look at the weather outside your window. >>> so the big story as we head into the upcoming weekend will be that heavy rain that will be developing over texas. probably one of the heavier rain events we've seen in a while. it will be including showers and thunderstorms also. not easy to find a sunny

headed from hartford to west point, andre going by horseback down to new york city to get the troops mobilized, get up the hudson river and invade west point. when andre gets to the bridge at tarrytown across the river, i think, he's stopped by three men. some people say they were thieves, some people say they were militia men on guard duty, and they couldn't agree on a price with andre to release him, so they took off his boots, some say to see if he was carrying spy information, some say to see if he had money in his boots, and they found maps of west point and documents in arnold's handwriting. one of them said we better turn this guy in. so they took him to a place in westchester where their colonel was, and the colonel was mystified by this. he didn't know what to do. he knew washington was traveling to hartford, so he sent the prisoner and a note to arnold with messengers and guards, and he sent a note to general washington. >> saying he'd found something, you know, suspicious. so, in effect be, a race going, will the note get to washington before the note gets to arkansas hold? [laughter] >> and washingto

cities such as buffalo and rochester. syracuse and binghamton, utica and albany, through the historic hudson valley to new york city.rest stands majestically, niagara falls -- >> new york, you have 384 votes. how do you cast them? >> it rises gloriously with immense pride, we cast all of our throats for the present and future leader of the great nation, president barack obama. >> thank you, new york. 384 votes for barack obama. north carolina. our wonderful host. north carolina, you have 157 votes. how do cast them? >> madame secretary, the great and sovereign state of north carolina, the cradle of liberty, is delighted to host the democratic convention in charlotte, north carolina. >> madam secretary, north carolina, the state where our great -- of our great governor and our senator kay hagan, where the weak grow strong and the strong growth rate. where we will select walter delton -- dalton our next governor. where we voted for barack obama in 2008, and where we will carry north carolina again in 2012, to keep this recovery going, to keep our american dream alive. north carolina proudly casts 152 votes for barack

city limits. outlying areas in the 60s for most of the if the noon. more clouds back out to the west. a blend of clouds and powerhouse storm over hudson bay at this hour. that is funneling in this cold air. as this starts to retreat, we'll get into warmer air by the midweek. several states involved with frost. down across west virginia. frost advisories for temperatures into the 30s tonight. look at the temperatures. it was a real struggle to get to if 0 in chicago. we'll see temperatures into the 40s over the northern tier of the nation. we'll get into the 40s also but milder air over the rockies that will come into play by the middle of the week. high pressure into control tomorrow. eventually this cool air lifts up to the canadian maritimes. maybe a spot shower by wednesday and into thursday. not torrential downpours but spotty showers in the mix. 11:00 temperatures, 50s. for most of the 95 corridor, we're all dropping back down into the 40s, a few upper 30s. then with some sunshine tomorrow, well in effect the sunshine will be into the 60s, back into the 40s by tomorrow night. there is the forecast for the overnight hours, 46 degr

hudson valley. lot of the big cities, new york, philly, boston, d.c., looks like only hit and miss showers this morning on this afternoon. we're also watching some rain in central illinois, trying to make its way through the rockford area and approaching the suburbs of chicago, we'll watch that heading through central illinois today and chicago, on and off tropical downpours during the afternoon. of course all eyes are on charlotte. we have a chance of more thunderstorms later today and then tomorrow, a 40% chance of showers and storms. hopefully those will be ending by the time the president speaks at approximately 10:30 east coast time. coming up next on "morning joe," live back to charlotte, we'll have the president of the afl-cio richard trumka and teamster's president james hoffa. stay tuned. welcome aboard! [ chuckles ] ♪ [ honk! ] ♪ [ honk! ] ♪ [ honk! ] ♪ [ male announcer ] now you'll know when to stop. [ honk! ] the all-new nissan altima with easy fill tire alert. [ honk! ] it's our most innovative altima ever. nissan. innovation that excites. ♪ from your eyes, causing irritation and dryness.

city with bill karins. super humid down there and up here, too, just gross. this morning we're getting drenched in boston northward, a lot of areas of heavy rain. scattered showers of the hudson valley. it's not going to rain all day but we will have scattered and storms as we late this afternoon. one of the most humid he willie, the prn forecast is thursday night, the president giving his big primetime speech about 10:30. it will be outside bank of america stadium. they're very feelful of any lightning. if they have to get lightning get people out of the way. >> and these have not been light spri sprinkles here. >> congratulations and republicans alike with thank president obama for the start of the nfl season starting a day early. the giants and cowboys open the season tonight instead of thursday marking the first time in more this afternoon 60 years an nfl game has been played on a wednesday. last time it happened, nofts 2nd, 48. the rams as we should, believe a hope of the care lien a panthers. >>. >> to baseball now this year's yankees were the believe the 2011 red sox. what once look like a foregon conclusion has turned into a dog night now down the stretch just one gay

city. there is more clouds over the ohio valley. that will come in during the course of the day tomorrow. staying dry -- saturday is, a really strong storm system over hudsonay. going to drop a cold front. northern tier of minnesota. saturday afternoon. again if there is going to be humidity, maybe some of the storms trying to be severe, small hail from them. going into saturday evening. 64 right now in minnesota. 70 chicago, the cooler air over the eastern third. hop skip and a jump toward parts of denver, phoenix n is where the heat will maintain, 91 to around 100. blend of sun and clouds tomorrow. it'll be a dry day, like tomorrow but you will notice the clouds increasing west to east. maybe a spot shower over washington and garret. by saturday afternoon, this cold front comes in to play bringing in the chance ever a shower or thunderstorm. high pressure builds back in for sun and a beautiful an. breezy and cooler with temperatures falling back into the low 50s or -- 70s reaping. terms of future trend. temperatures -- cooler north and west of town. frederick flirting the upper 30s. into tomorrow afternoon mostly sunny with late clouds developing, temper

hudson, that would take three days if the wind was right. if the wind was bad it could take you a couple -- ten days to get from new york city to albany. and now on a train it's like, what, few hours. so, yes, there are restrictions that come from not being able to get around. but the flip >> intellectual, bright, young likely affluent kids, you know, or privilege kids get to go to stanford, very smart. within three days the guards were beating the crap out of them. i mean, they were like that would never happen. why would that ever happen. you put them in that situation and it happens. so the longer you are immersed in these worlds, the easier it is to kind of forget like where you are. that definitely happened to me on a number of occasions. so those events were the ones where i would use the word fanatical because it was like now, we're going to eat only the food that they ate -- rome, the best way to reenact, hasn't changed. grapes, salami, more bread, wine, perfect. so much better. somebody else had a question i saw over here. >> what did you find to be the easiest aspect of writing the book, and what were the more difficult aspec

city actually but. are you one father here. three times whipped up by i guess. in march of two thousand and five john's mother susanna received a call from special agent steve hudson special agent hudson was an investigator from the army's criminal investigation division also known as the c. id. your daughter or somebody claiming to be your daughter. posted something to where. the internet this says that she was murdered because of illegal drugs by officers lol that's what we hear too so there's a lot of stuff we hear and i know for sure he they don't he was insulted like i know about for sure so i know there's something else and that's why we want to find out yeah. well based on. what i've found you know your i don't know that one job so one post i'm not sure because he never talked to me about that because he's a mom you worry too much so he never told me anything bad. i don't know if it's all true we should talk to i didn't know that was new for me. well i would be interested if your daughter has information i mean i would love to look into that but what we do ok. and if if you can tell me who said that i'd be more than happy to look at ok yeah we have all the

hudson with an nbr news brief. a measurement of prices in 20 cities across the country rose four tenths of a percent in july.that's the sixth straight month of gains for the s&p case- shiller home price index. and consumer's are feeling more optimistic. the conference board's confidence index rose to 70.3 in september, marking its highest level since february. but the encouraging data didn't help stock prices today. instead, comments by central bankers in the u.s. and europe weighted on today's trading. the dow lost 101, the nasdaq shed 43, the s&p is down 15. tomorrow, home prices aren't the only things going up in housing. the cost of land also is on the rise. for more financial news, tune in to nbr weeknights on this public television station.

trip that thomas jefferson and james madison made up the hudson river in the 1800's searching for butterflies. but they ended up down in new york city that they formed the democratic party. he took great pride in the fact that the democratic party was the oldest political party in the world, and he knew -- [applause] -- he knew of the linkage of madison and jefferson with the leaders in new york, combined the north and the south to combine the industrial areas of the country with the rural farms. that this combination was always dedicated to progress. all of our presidents have been dedicated to progress, from thomas jefferson in the louisiana purchase, and when thomas jefferson also realized that the united states could not remain on the eastern seaboard, he sent lewis and clark to the west coast. of andrew jackson, of woodrow wilson, of franklin roosevelt who said our citizens were in great despair because of the financial crisis, of harry truman, who not only spoke, but acted for freedom. [applause] so that when he became president, not only had his own principles or his own ideas, but he had the strength of the democratic party,

to go from new york city to albany, new york, if you took a hours, that would take you three days, on our own horse or a coach. if you took a boat up the hudson, that would take three days if the wind was right. if the wind was bad it could take you a couple -- ten days to get from new york city to albany. and now on a train it's like, what, few hours. so, yes, there are restrictions that come from not being able to get around. but the flip >> all this week turn to c-span for live gavel to gavel coverage of the democratic national convention in charlotte, north carolina. massachusetts senator and 2004 presidential nominee john kerry. vice president joe biden, and acceptance address by president barack obama. watch every minute, every speech on c-span. on c-span2 its tv all day everyday throughout the convention with highlights of nonfiction authors and books from this past year. and on c-span3 also throughout the convention, 24 hours of american history tv with lectures, oral histories and a look at historical american sites and artifacts. >> tonight in prime time we talk to georgetown university history professor on her recent book about the

to go from new york city to albany, new york, if you took a hours, that would take you three days, on our own horse or a coach. if you took a boat up the hudsont would take three days if the wind was right. if the wind was bad it could take you a couple -- ten days to get from new york city to albany. and now on a train it's like, what, few hours. so, yes, there are restrictions that come from not being able to get around. but the flip linda platt >>> next, peter piot who's been on the front line in the fight against aids talks about his career. he is the executive director of the joint united nations program on hiv/aids and the author of no time to lose a life in pursuit of deadly viruses. he was interviewed at an event hosted by the council on foreign relations in new york city. this is an hour. .. >> where did all this gull come from? >> i'm actually pretty timid and shy person. >> oh, yeah right. [laughter] >> somebody from the flappedder -- philander where my mom said speaking is silver and silence is gold. first of all, i had an incredible urge for discovery from when i was a child and when i was a teenager, i worked for a travel agency

to go from new york city to albany, new york, if you took a hours, that would take you three days, on our own horse or a coach. if you took a boat up the hudson, that would take three days if the wind was right. if the wind was bad it could take you a couple -- ten days to get from new york city to albany. and now on a train it's like, what, few hours. so, yes, there are restrictions that come from not being able to get around. but the flip