>>ose: i know. >> i enjoyife and don't particully care what i'm dng that moment thats inrested. is it chlenging and intereing to you yo? >> science, of course, to me is sun and justike painting pictures or anhing else. >> rose: is puzzle. >> wel i would say 's a technical skill, which is fun t exerse. >> rose: yeah. there is this idea that physics has had i sentry, and the. >> i think that's quite likely to be true. it's ctain that physics has slowed down dung my lifetime. largely just bause the experiments have become sslow. but biology, at the sa time, has en speeding up. so i think it's probly true that thi century is the century of biology. >> rose: because of the discovery of dnand the mapping of t human genome. >> i think all these scientists are dven by tools rather than idea sglool. tools for the blogists, an gene synthesizers, now we can re and write-- >> rose: are understanding more about disease than we have in the whole history of human ki. th's going slow. the healinpart of biology is really tough. >> rose: it's not ey to understand how these work. >> ctainly, we're

suzanne pratt explai what soaring sales of u.streasuries could meanor you and the inrest rates you pay. >> reporter: on hot summer day you might easily argue there no such thing too much ice crm. when it comes to treasy debt however, too much is ner good no mattewhat the weather. e u.s. will be flooding the bond market wi a wave of treasuriesn the coming months the likes of which we' never seen. the issuance of de goes to fund our federal budget defit projected at about $1.5 trlion th fiscal year, the biggest ever. treasury market strategi gary pollack says remembethe mortgageurchases, bank bailouts anded liquidity progms. we have to pay for all of th. >> in order stimulate the economy, they crted programs to cate economic activity. in order to nance these prrams, the government must go into the bd market and borrow money from the public. >>eporter: how much money? barclays capitalstimates the trsury will sell more than $2 trilon in debt this year, more than double last ye. and, like any otr marketplace, thbond market reacts to supply and demand. overwhelmi supply without enough demand

d federal reserve policymake begin a two-dameeting on inrest rates. ey release their decision on wednesday. so on wednesday, internation trade fojune. thursday, it'seekly jobless claims and the july rerts on tail sales and import prices friday, july consumer price inx is released. our market mitor guest tonight says the economy is not as good as thearkets are reflecting. joing us now to explain: richard steierg, president of steinberg obal asset management. hi, rich. >> nice to see you. >> the ns on the job marke was goodtoday. we got a good rall you're cautious. why? >> was it good or ls worse? there is definitely a differenc and i think at's an important component. earnings arehe starting to come up. we're working our way int a perfect storm on valuation which is basically that values a pretty closeo full value even by nexyear's measures. >> all right. so what are investors supposed to do? sellnto these rallies? >> i think if youere invested alg the way, you were smart enough to buy when the market was ve, very we, you could take money off the tab o

it inresting, i had breakfastith rubin bridges, out early 1960's was in new orles, and she famously integratedal marsha in school, pople through tomatoes at her. norman rockwellid a famous painting about r. that school is now boarded up. there are some signs that the school is doi better, t by and large, people'feeling in or lanes is there is t much damage to deal with and nehborhoods are running away, and history i think will show it is one of the tragic resort - results of recen american history. i do not know h we get the momentum with the deficit and iraq and afghanistan and healt care debe. it is hard to focus wth such a full anda, but we cannot forget about newrleans. e have to ke reminding peop. tavis:our new book, n york tim best-seller st, "the wilderness warrior,"trange estion, but since we we talking about new orlea and the environment andconcerns, what ihappening now in at city, juxtapose for me roovelt's legacy and t drama we still see happening every day d north lanes? >>-- in new orleans >> rooselt was very worried. in the state of louisiana, he created this barri island, protec

inresting clothing picks are obably what come to mind when you hear the term "sho interest it's also a widely wched measure market psychology. overhe past few weeks, short interest has decned sharply, suggesting more bears e being scared ay. that's just one of many asons stratest mike ryan thinks stocks wilhead higher. obviously, the more short interest the is, the more cash there is on the sideline the more support for the mart the is. as the mket continues to grind higher, you coinue to se shorts getting squzed out. >> reporter: t market has surged more than0% since the march 9 lows, so neay everyone agrees tre could be a pullback of roughly 5% to 10% percent coming. but manytrategists, including milton ezrati, thi the long- term tnd is higher. >> think the bias is going to be up. and the reason i sayhat is because wet lord abbett believe th the economy is turning to at ast a modest recory. anas that becomes apparent, the market will ve an upward bias >>eporter: for economic optimism, looko further than today's existing homsales report, which show a record 7% jump last month. thhop

agreed to as part of the dealn the desert buit also served to endanger the future of british business inrests inlibya. this memorandum created a firm expection in the minds of the libyan that al megrahi wld be handed back and if that didn't ppen, if he had died i a scotti priso we there would had been severe consequences for bilaral trade,ormerritish diploms told us. and british companies have already made sgnificant instments in libya. bp signed an exploration deal worth $900 milln two years ago. it's larstxploration commitment in the rld. shell are ploring for gas in libya, as are bg. but libya has many suitors. the competitiois growingast. u.s. oil giant exxonmobil is now investin$97 milon i ploration and libya's national oil cmpany has partnership deals with eveone from ssia's gazprom to th italian git en to japanese from nippon oil. anysts callibya the most exciting investment opportunity in the wor with $50 billion of vernment contractson offer over the next three years. yet is notorisly bureaucratic a controlled by one family, british businesses depend on thek governmento he them compe

special inrest groups are trying to block progress on health care reform, derailing the debate with mythscare tactics. desperately trying to stop u from discovering that reform won't ration care. you and your doctor will always decide the best treatment for you. tell congress not to let myths get in the way of fixing what's broken with health care. learn the facts at healthactionnow.org. of fixing what's broken with health care. spend 10 minutes a month with natural instincts. it's the healthier way to blend away gray and give you color that shines on. how? the antioxidant rich ammonia-free formula feels good and looks even better. in fact the more often you use natural instincts, the healthier your hair looks. it's the healthy-looking color that shines in just ten minutes' time. natural instincts, it's all good. look for natural instincts new champagne indulgence collection. from clairol. >>> the minnesota congressman is raising the bar for bizarre behavior. this week she put out an e-mail saying don't let them palinize me, which is to smear or mock someone using falsehoods, baseless acc

but to accept pressure from an administration or another, this pressure mig be againsthe inrest of the peoe. responded to the demands o the people. >> charlie: do yobelieve esident obama has a different attitu and idea publicly about democracy a refor than president bush. has he said so to you? >> i can't sayxactly that. but i think that president obama understands well what was done by the previous administtion. democracy is tre inegypt. we havefreedoms at were not there bore. we have an election of the prident, we have freedom of the press,eave about 600 dailies and weeklies that was taken. andthe pow of the parliament toeven do away wit the government. we are doing refor based on the demands of the people and i think presidt obama does understand this ry well. >> charl: it is said that he will not pubcly discuss man rights. he ds not want it to be an issue but th he will bring it up in private. >> look, please. human rights is iediately a political one. human rights are not only political,ou have social ghts, you have the right to alth, you he t right to job, the are manother rights

so,ou' look at inhe eye and say that at the time you wereoing yourreseah you wereuiyf no coli o inrest atsoever either the rearchrhe aling with thse cildren y studied. nev. not all. had i ben, it would he bn dilosed. >> so, what out the charge thatis sdy w biased because the chiren invved were prt a actio st? >> none of the cldrenn "e lancet" sudy the time thr referr for investatio non ofthem wre involvedn the nvestigati. >> whyere they chosen,en, tbe involved in the resech? >> now, t's be vyclear. hewere aitted to e rol freeorinstation o tir symoms. nothi tdo wi rearch, noing to do wi class acti, nothing to do with vci. >> werthey eentually iolved litigati? >>ome were. >> dr. keeld admits he w pai to couc esearch on beha of the platiff but for a lar study, one th ever gotpublished. an he says, all of t mon earn went to furesearch. , whyhouldn someone less educed on the subjectha you , it a econd, we t a y who tus out to be a paidlegal expert in a clas action suit and he asoappensoe the me guy who raised all these fes aut posbleonnectn between vaccin and autis why ouldn't th bher me? >

is ichallenging and inresting to youyou? >> science, of course, to me is sun and just like paintg pictures oanything else. >> rose: it's a puzzle. >>ell, i would say it's a technical skill, which is f to ercise. >> rose: yeah. the is this ia that physics has had its sentry, and the. >> i think that's quite likely to be true. it certain that physics has slowed dowduring my lifetime. largely ju because the experiments have beco so slow. but biology, at thsame time, s been speeding up. so i think it'srobably true thathis century is the century of biology. >> rose: because of the discovery of dna a the mapping the han genome. >> i thinkll these scientists are driven b tools rather than eas sglool. >> tools for the biologists,and gene synthesizers, now we can read and write >> rose: we are understanding more about disee than we he in the whole history of human kind. that's going sw. the heing part of biology is really tough. >> rose: it's not easy to understand how these work. >> cerinly, we're not doing woman with the war agains

fundament belief most of had that mars is a logical place we'd like to wind up, there are other inrestingings you could dock wh an teroid. u could go back to the on. you could gto one of mar's planets. b other than that, i don't think there was an underlying assumption. some of us had our own beliefs d we changed thoseeliefs a lot by wh we'veearned during theseast 90 days. we start out with over 3,0 options that we started look at nd narrowed i down to 16 erious options, and we'reoing to ofer four opons, plus the basic ogram, to the president. >> rerter: therere referenc in here to relying on commercial space eloration. how much ould we expect to see that? is that the wave the future? >> i think commercial space flight i going t be an important pce of the fure. there's a cerin analogy to the airlinen the early days when the gornment gave the strugglng airlines contracts to carry the mail. uaranteed those contracts. today,asa knows how to pu hings in lower orbit. we didhat routinely-- that's probably not the right word, b we do i frequently. it seems unreasonable to usthat nasa shld spend

. >> lehrer: t governor also sa kennedy's widow, victoria reggie kennedy, was t inrested in the inrimposion. margaret warner has mo. >> warner: as massachuses law now stan, senator kennedy's death lees senate democrats shy their 60 seat filibuster prf majority until the special election in nuary. at could affect votes on key issues like heth care and climate change kennedy himself recogned the potential rafications. in a recent tter to the govern and legislature, kennedy urged state law amended to allow an interim appointmenuntil a special election occurs. some republicans are crying foulnoting it was democrats who eliminated the gernor's senate vacancy appointmentower in 2004 to prevent then- republican goverr mitt romney from naming successor if democric senator john kerry were elected presint. to debate this i'm joined by two memberof the massachusetts house representatives: republicaneorge peterson, jr., the assistant minority lder; and democrat roberkoczera-- he iroduced a bill in january to let the governor apint an interim setor. welcome to you bot, representative kocze, the go

told us after she went for the nomination that she would recuse herself when there were conflicts of inrest. it is difficult to sayhen there wouldn't be and basically they are recusal policy is just come to trust us. >> host: georges is driving-- joining us from tampa, florida. >> caller: good morning. i read your blog all the time and i think it is great. i would like to know what happened to the cards are and i don't know why. did they find something wro there? i to believe your book is going to be an ongoing-- because of all the changes in the administration and all of these creeks leading. >> host: these photographs were looking at from a book that chelle malkiha just completed. >> guest: steven rattner just did leave after the last week goeth there is enough sunlight you can have accountability. he was under a cloud from the minute that barack obama appointed him the cars are because his formerompany, quadrennl, has been involved in a lontanding investigation of financial shenanigans. there's also a very strange incident involving the production of a movie called juja and a potential p

the predominant efect of this new law is that consumersill longer surised b an inrest rate increase. for the most part, they will receive a 45ay advanced notice and, more importany, the optn to pay off the eisting balance over te at the originalate. and really that is the provision that card compans were most critized abt and that's what's being addssed as ofoday. >> reporter: do you see that welenough addressed, adam levin? nd what about this questionof "significant chang"? how is that defined andd is all of this clear eugh? >> well, significanthanges isn't fully defined yet. i think this is to come as the regulations are promulgated over time in order to flesh o the gislation. theris no question,hough, that greer transparen and fairness in t system is crical, and i think this billed a dresses that. it's not the silver bullet, but it's a srt. the key thing is the financial teracy and the fact that we've been woefully short-sighted in the way we've treate financial literacy in this count. and part of theproblem thas happened in the financial services industry is the ct th many of the

. >> rose: i read an inresting thing about you which basically went like this.at the one thing yo were ve about is not being vein out being vein. >>ight. i'm vein about not being in. >> rose: aut the idea that you may not be carry grant. >> right. no i think that's true. >>ose: or george clooney or that kind of actor. >> i think it'a bit of a kind of macho thing it's aittle kind of,t's a funny sort of -- it' nothing prmatic about t i'm not ever going toook like those guys. so there is a certain pride i take it in in a funny way. no, i'm not one of ose guys. >> rose: did you always believe though tt you would ach the point that yoare, that somehow y cared enough enough talent, engh will -- >> i had -- when i stted out i had a fny pacity, i didn't, i always thought i would work. i don't thin i thought it would gony teresting, i mean i hoped it wouldmen but i alwayfelt like i would work, yes. but where it woulgo, i didn't know. and liked that about it, not hang any particur goal except to just work. d i maned to d that. >> re: and how much direction does he lik he

greenspan with t benefit of the small amou of hindsight he had, he canrgue about whether he kept inrest rates too low, too long, the benefit of hindsight. i think he probay did and that contributed to an of speculation and barring. fatigue nrg he didn't use the had to try and prevent some of the sub-prime visas but i actually think the most interesting thing is somewhat less specific and it has to do with the mindset and the mindset was the one that if you have a lot of sophisticated investors who have their own money in the game, they will police the poker table better than regulators and reaucrats could never do. and that was what greenspan himself in his testimony before henry waxman's committee, if you want to do a confession you choose to do it before henry waxman is beyon me buthat is what greenspaid he got wrong, that it turned out they were not policing the table. the table was overturned and nearly took all of us with that. so, we have now situation where i think we have learned a lot. i don't think we have learned everything. this is one of those episodes that will be studied

but it's endlessly inresting. 's at makes me want to be an actor. ptioning sponsored by rose communications captioned by media access group awgbh access.wh.org >> funding f charlie rose habeen provided by the following: >> additional funding s also provided these funders:

builways used that to m best inrest, because i looked like a girl tt may be easy.dn't take lg. because i grew up wi s brothers, my dad, all my uncles, al my boy cousins. so inew the ture of men i love m. i love my daddy. i had a great relationship wit myad and he' just a good old redneck guy, you know? but i kno how they... how the think. >> ros you know how men think? >> yes, and always fel like that i... alws say i look like a woman but i think like a man. so whenomebody thought they really maybe had me right where they wanted me or thought woulde, i would... like i've often said thijoking but it's sort of thtruth, i would just ha the money and b gone. or i wouldust say,ook, i think that.... >> rose: this is great! >> i'm serus, though. >> rose: you are great! >> i wou say i think i've go a lot to offer. i think i can me us both a l ofoney. so'd just go in lling my goods, n myself, you know? myse was part of the goods but i wasn'.. i never slept with anybody to get ahead. i slib with somebody, it's because i wanted to, not because i was doing it to makeny point f

anyou said something inresting too. you gave me my movie. >> thais very true. >> ros that dialogue could haly be written. >> yeah, no, no, no. it's a thing, like i s saying before when wrote that script. i just knew that londa was, m aware enough to know one of my best creatio i've ever written and he waone of the >> rose: let me uerstand th. a great creation has, first of all he's larger-than-life in some way ar he has mannerms that are defining or he has style. >> wl, i guess --. >> rose: theook, he has -- >> i think, you kw, i've been doi this for like7 years now so i dhave a leg rogue's gallery of charactershat are like my characters. and he was just one of the strongest at ever that ha ever come out. and maybe in some way he revealed himself more te as fs alike i really let the characr live. so was really, i discoveredim as i w writg him. >> rose:hat's interesting about him is that he do everything with drama. yeah. >> rose: every set pce. is a dratic piece. whher it is because he diovered a shoe at a scene of mass

. >> one of the majoand most inresting findings was inrsex in the male bass. at the ma gonads, or testes, what we find is immature eggs within theale testes. smith: so you got a sort of feminization of ma fish. is thaa big, alarming finding in marine biology, aquic biology? >> yes, and that has ctainly attractea lot of concern and attention. >>mith: scientific studies ve linked abnormal mutations in marine crtures, like intersex, exposure to chemical compounds tt mimic or imitate natural hoones in the body. the chemicals are called endocrine disrupters. >> eocrine disrupters are very, very potenchemicals at infinitesimally sml quantificaon. i mean, you're talki about parts per million orarts per billion. theynterrupt the normal way in which the body controls erything from growth and development to thyroid fction reproductive function to estrogen levs, testosterone levels. so they're ver very important, and they are of ep concern because there are soany of them now. >> smith: there are thsands of these worrisome chicals that have gotten into the environmt, and

one famous textbook authoras part of the game but then an inresting thing happened at the universityy did research they did not find ways to beat the market an make money but it is sol randomness line of research that collided with the bertarian revival that was happening in chicago led by milton friedman and it become much more a project to show financial markets worked and really well and did not need regulation at the expense that was bought andasically knew best. and the late sixties it i part of the theory called the efficient market hypothesis came. lot of people now will claim to believe that it meanr is you just don't know if t market is too high or too low. that is part of it but it was also very much mint as the attempt to find a way of showing that the prices in the markets were right. if you look at the way things develop in the 1970's the idea that the markets were right with the thought that we have to give some advice to the world so they decided they could not predict where prices word go but tell you about any particular investment say you have a ufied theory of the

it has a trmeter he test th buttons is sai that to be inresting the temrature can get over 120rees. yokiddin and no. he continuedacking@@ i hd a set of ts my palm it was foation that reduc whasn two statiics name, socialecurity mber, bloope a religion. the chance a timelessility symbol until i remembered they're design to ctn as a toeag should hbe ll inbat. o daysoree ay -deployedamilsbut ofse dor ay readess etin we're briefed invspt of life during saratci losticalo aego dealing withtional llou this was my fst time inctin wit mitary e w-line psat alert ting noteou es rnd whilehe more ssoned setbackoong fo if theyav heardt the unit mee run by voluntee brom the mmunity seices bro line stirr older woman sd to notush out and buy aew catch big screen tv. her earnest john your compatot tol us i o job to make sur that our return servicemenid not feelhreatened bour warti autonomyhdet srt upper m@n's confidencby securing burnedud lightbulbs so you sheame back.ng to fip wle togethl k m house and no assistance ineede thfartyders sd that ases we may over rounded agitedf news reports so we@@ sho

secondly, inrester confidence out of germany, the biggest economy in europe, that reached a 3 1/2 yearback to you. >> martin, thank you very much. >>> still ahead, we'll be ringing up the retailers. we've heard from home dough poe. now we're waiting from quarterly results from target. dana will be hitting the bull's-eye. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. robert shapiro: we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. >>> take a look at some stocks to watch this morning. you have to put home depot at the top of the list. it was up almost -- wow, now the up 4%. it was up about 3.5% earlier, now almost up $1 now if you split the bid/ask. lowe's was a nickel ahead of expectations and then the guidance, even though it's down from last year for the

. >> it's inresting, irish foreign affrs minter sai something very poignant this morning. when he said that ted kennedy was the true profile in courage. >> well, it's ironic because everything matt brought out in terms of h life is all true. it is a mixed bag. he grew up -- think that's the answer to the question. he took a while to grow up. but he did find his seat. he wasn't meant to be president. he ran because his brothers ran. but yet he was the most brotherly and if you look at the history of the guy, what he went through and toecome this great senator, i say to young people, you thk it doesn't matter? you're voting at 18. you think it doesn't matter? you're a young woman athlete? title 9. you get to play sports with the me ability as a young man. these are little things in h life. yet he couldn't run for president. roger mudd asked him the best journalist question perhaps of all times, the hardball down the middle. not the curveball. not the tricky one. y do you want to be president? it tk ted kennedy 70 words to get to the answer which was storation. he justanted t