the pahase-in, ther4epdq:e is ba phase-in and phase-out. the voters approved the rates, those are the maximums the city could possibly charge. at the planet is in 2014 that would be the first year that we charge the gross receipts tax and we would charge to% of those rates. that would rise to 25% of those rates, then 50, 75, and we would charge the maximum rate of one half% in 2018. based on how much we collect each of those years, we're going to reduce the payroll tax to basically return to the gross receipts gain to taxpayers and the form of a payroll tax reduction. if we are underestimating the gross receipts, is the revenue comes in much larger than expected, we could reduce the payroll tax to zero during the phase-in. there is a possibility that the gross receipts tax could come in below expectations. while we would reduce the payroll tax and subsequent years, we would still be left with a small payroll tax. we kind of need to disclose that risk. we believe this is a financial risk for the city. it is an administrative headache. we hav

this is our baed. this is the top of the garage. it is not pretty. it has resting fins -- rusty fencing along the top. there is never any one on top of the roof. it is the only when do that we get the sunlight directly into because we are at the back of the unit. if we have a deck on not approve garage, you can see that people standing there, it is not going to make our bedroom very nice. we will have to have the curtains closed all the time. we will have to have the windows closed all the time. it is going to make life difficult. trying to get to sleep, we do not know who is going to take over this unit. from my point of view, i would very much like that you reject this deck on the top of this garage. it is going to make our lives very difficult. thank you. >> good afternoon. i am here to speak on behalf of the renters in the 12-inch rent- controlled building at 3320 octavia street. it is this white building here. the building is directly adjacent to 1490. people on the broad deck have a line of sight through all of these windows. in addition, all n

know until we started this that the fastest growing area of poverty in the united states is burr into is ba burr bee a. you would think you would see it more in your face, but the neighborhoods look beautiful. houses are still nice. the cars still look good. but you go inside and you see the psychic did he 60 greg did he 60 greg of so many americans and americans that played bile the rules and did the right things, they thought they were immune. and yet their lives have been turned upside down, but unlike a hurricane or a natural disaster, this is in slow motion. and many of them actually internalize it and are ashamed and are afraid to even admit what the situation is. >> jennifer: all right. i totally know this. i totally know it. without -- >> i know. >> jennifer: i mean, you know, in the industrial midwest obviously we see it from the middle class this hollowing out and there is such a deep sense inside of shame and of, you know embarrassment and all of that when it wasn't their fault. without giving anything away, or without giving everything away, how many of the characters have found

is, i left bain capital in 1999. and iould havid,rdon an h wouave sa, ieft ba capal i. wou saan chae t suect? wou sa lt i 19. here is why it matters. the question of bain capital, when mitt romney was there and when he lef it'sritil toitt rney' viblabily asolital candate ate lt bai capiln1999 ase say and sa a says his electability depends in pt on that being true, which is why he says it all t time. >> i left that business i1999 toelput the st le cit olpicsab oack. >> wh wked a one compy, in, r 2ye, and lef that toffnd hpave the olympic games. >> i left massachusetts to go run the olympics and left my organization. i was out thereull ti. >>eft bn in 1999 i s ohereulltime i was he n time eomne cpaign suldtart prinnghat on srtsnd coee cs and bumper stickers and dog ouft's because that's central to his campaign. last year, that assertion appeared in pin engsh on t formead to fil to run f esidt. hifinaial discsureform it'slain glis he retired from bain capital on february 11, 1999, to head the salt lake organizer committee. since february 11th, 1999, . roeyasot had a tive re iny ban cital enti in any wa you naveo

erin is ba from africa tomorrow. she'll be talking about facebook.l release its first quarterly earnings report since going public. she'll break down the upon tonight on the eve of the olympics, the man who brought the summer games to london. tony blair, what he thinks of gun control in the wake of the aurora tragedy. >> it's a different culture. we will never quite understand it in our country. >> his take on the run for the white house and hot spots like syria, iran and israel. >> i agree that a nuclear-armed iran is devastating for the region. >> plus, is his country a ticking time bomb? >> it is very dangerous. >> my exclusive with the former president of pakistan. is he making a comeback? >> i have conviction that it can be set right. that's why i want to go back. >> piers morgan tonight from london. good evening and welcome to london where the olympic games are set to start in two days time. behind me is where the olympics stadium lurks in the east of london. over there is one of the centers of the security operation, hms ocean. security at a p

banks and financial services properly inur couny, wneed to sohat ahawh tk ish oiie sle ra t in sd is ba rather than on an e.u. basis. >> well, i agree with you, but the emergency pcedula u t and rioa mst bepe leo-ds majority they can take out and declare emergency and say we're going to run the regulationf your banks. mi wyoeco fething you hin spey -- that specifical because what i was thinking of with the safeguards was, as i said, when you have the 17etting mor bengnsystoua m be advantageous. so the safeguards were more about how we regulate financial services more fair. fewe adi nc pmme ng's policy committee report which recommended that our banks reduc their exposure to the eurozon now, clearly, there's exreureba ht -tsaty the court justice had been describing would be able to block. i'd grateful if you took a -- >> pntoumas a iswhis ee w ve gompl deeply embedded in the currency unit, who wieldshe power of regulation? and the more integrated they t, t morsaar u cobe aadag e oin iwathng a obviously, this dispute about whether or not you're able to clear euros in london. and, basicall

what is his uerstding o how u rucompies,ow y tre rkerineric wha t luesf ba were. and at rlly is tuestn rk wdon' know right now. what was his -- apart from what's on a piece of paper, what was his day-to-day spefic mageri invveme? >>soluly. kan? >> wld ask h w iise uld iokeisther lacy whent ceso sakin t the acp d talking about his record on civil rights and following that example, yet, he won't follow his father's example when it com to someing erio as trsparcy. micel, i wan youo spulat wit mor oomen agn. >>re. becseomne dn'telea a single tax return when he ran for governor in 2002. so i put it to you, do you think that whenomne wefleing on tsecti, he tught i'llust exalyhee thg as didast tim caus rember, he won the lasttime he dn't give any information and he won. so did he go into this presidential election thinking, you know what, i did it last time, i'll do it again and std a goochan of winng is ecti? >> wel he mayhave ife wa dusiol. thpresenti sta is dierenfromven high-profile statewide racin a big state. but i think he had to have advisers who were telling him

i tanl he es is ba , pot us hng and we have some areas of disagreement, which i think we need to exore further, buwao k icly . ahiavor yoxcntk t s awornt and thank the chairman and substituting chairman for their tolerance and patience. i tnk y allll thai. 'sto >> you know, i think i need the ad -- i have a right to the rema st, d't >>, yodo >>ortei a poeno goto myst aheu'et gaanu'e ai aetry respect being called the chairman. thank you, senator blumenthal. everyone here has talked about thmpnc opio o w orntfi coitthsendt seems everyone agrees it racial profiling can undermine trust in the authorities and can cause resentment among targete groups nna om age la omamens in my opinion, no community was more upset when thhern t so-acaadne toomndconvolved with al shabaab. when i talked to both the fbi director muller and more importantly when i went back to the twinitieand lkedo eci a ge th bsahae li community had been cooperative in fbi investigations. and i think it was because of actually very good police work and very good work bthe fbi in nge tea t trof si un er my questions are to chie

yes, 25 is ba is point -- basi pretty much a done deal. i'm being careful. market hopes some market participants saying 25 basis points could be disappointing, they should cut by 50 basis points. i said a while ago, get real. it's not going to happen. if they cut by 50 basis points that means their finger is on the panic button. that's not going to happen. there's a 50/50 chance they do. >> sylvia, thanks very much. this reminds you that rate decision is at 1:45 cet, 12:45 london time. we'll have it for you on cnbc world. if you're in the united states, you can watch us instead of the other regular programming. >> so much an offer on cnbc. >> there is. choice. >> endless choice. >>> we have the bank of england today, no change expected. there's an overwhelming expectation for a fresh injection of qe. an additional 50 billion pounds stimulus is predicted taking total guilt purchases to 375 billion pounds. joining us now is lance roberts, ceo and chief economist street talk advisers. we're running through some of the expectations for the bank of england and th

is uniting congress, next. [ ma annncer thiss ru. s moing starts with arthritis pain. and two pills. afternoon's overhaul starts with more in. more pills. iplehecking hydraulics. the eninbrings morpain. , ba to re pls. mostone,hen. hangn. sn's ctor commded eve. itan kp pa awaall y wi few pil thatylel. is irudy who switched to aleve. and two pills for a day free of pain. ♪ fema annncer and y ale foreli fromougheadaes. a bo at st nds staat rt... whila bo in tion tend to ay moion. ayin acte caactlly easarthtis mpto. but if you have arthritis, staying active can be dficult. prescription celebrex can help relieve arthritis pain so ur body c stain mion. becae ju one 0mg lebr a d n pride houreli pls, iclal sdies celebrex is proven to improve daily physical function so moving is easie celebrex can be taken with or without food. anit'sot aarcoc. u a youdoct shod bance e befits th t ris. ll pscriion aids likceleex, upron, nroxe andeloxam he thsame carovaslar warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases iyou have hrt disease ri facrs suh asigh ood essu or wn nsds a tak for ng piods nids,nclung cebre ireasthe ancef seous in alrgir

s nastill down manamenteamoingt b he ill eds tak reonsilityor wt is happing ba durg that time period.e find it incredible that mitt romney would have thought thisthugh. th isotis firampan anyou uldhinkha you uld bbleo adesshese thin. yowoul-- i donhink tre's any queson imittin - i don't think there's any question in my mind -- >> this is the weirdest thing to me. the name is on the document, also, why a you paying h $1,000 ar. i uerstd in t strturef mi romy'smpention th's esstial a ti catedherm,no, mit eate the fir and enormous franchise vae and their ntrition to tlue to t firm wnitt le,h,ee yo ter,ou don get anoer di fro the fi. ureat somhinginedib luab andoueed to be compensated for that. >> that's different than the $100,000. >> you are fusing on the wng stuff wh youhink of 00,0. heas a lotf tngsn t rm bot runng t fm like lited paner. >> l m askou is, an, $100,000 is still -- he's still being paid and he still has his name on it. if, let's say, my understanng of bainurinitt romn's tere i treereerta thgs in wouotinst in becae ofitt romn'swn fah an wld view. thin like alcohol, f inst

is right and newt gingrich was rig back then. there's a tremendo liality fotheepubcanarty he th wasever fly elore ba whe thead a chce. tha youick tyle thk yo dav rn. coming up, condoleezza rice for vice president? there's a lot of buzz that romney is considering rice, but the romney campaign just looking to change the subject away from bain? at'shead thiss "hdbal" thplacfor liti. [ le nouner whas iyoueney drk? ♪ power surge, let it blow your mind. [ le announcer ] for fruits, veggies and nural green tea energy. new v-fion us ergy. uld' had v8. >>welce ba to ardbl." thdrud rept haan ebrow isinheadne lt nit. thconsvati webte kwn toave close ties to the romney campaign reported that a surprise vp choice emerged as a front-runner. former secretary of state coolee ric a w wes ag ricdelired a roing eecht a therg bigoneyonorthatas greed enusiaical by peop in e auence she carries a truckload of political risks. most significant is her time in the bush white house and some of her viewon sial sueshat dot ji witthe nsertive basef threpuicanarty r exple,he'sro cice. the ct tt it comg ou noand om ddge s lemany wonr wh's gng ohere

is m seeto ba loto d about nothing now. but let's just talk pure poli c politics here. what the president is successfully doing is he does not want to talk about his rerd. doe't he a cordo ru on theare ing th ts ing th bn th hashe media's attention and they are going with that. the problem with the media, romney is coming out at 6:00 tonight to address this. i hope he does to put this behind him. ulmate theoterwillave dece whher is ia lo to dabounothg orheth iteansometng. bui thk ifitt mneyets this behind him he can then shift back to the president's dismal record on the economy and jobs. >> michael, i can tell you -- >> the reality is as you're potingut, e pridengot terrle js rert rentl and havnot ent e la tedaysocus on at. e naativhas en dven the in iue. t mehow vid rn someing. stery a mneyampan adviser gave this explanation to politico for what his boss' role at bain was between 1999 and 02. quot rney was ohe s.e. filis beuse w sll tenicay thwner badn' ansfred nersp tother partrs. heescred h as chnilly e owner. one of the boston globe reporters who worked on the story

there is a downed tree that fell on top of power lines. it's not safe. ba lona is closed off this morning. this area has been closed off since saturday, because it's not safe to drive out here. that's the situation around much of the area, we've seen a lot of downed power lines and toppled trees and people have clean up today, which is a huge headache because it's supposed to be hot. this road is blocked off, you better believe in the short time we've been here, we have seen trucks and cars have to turn around. ronnie has been sitting here in the truck where the caution tape is. i'm going to bring you in so we can hear about is situation. have you had an opportunity to talk to anybody? >> no, just you guys. >> reporter: what has it been like for you? have you seen anything like this? i know it's dark. can you describe what you are seeing. >> right now, a big tree laying on top of wires. main thing is keep them off the road here. sometimes people come, ask questions, i can't answer. bge. bge is doing a good job right now. have patience, we will get power on

evenf yore n a pson o is io bos, en ifou d't ve ba biwateay.you're anywhere near as dorky as i am, y wil finarin trafc.comasciting you n zo in ywhe in e rld d sea li reprentaon owhathipsre dog inhat dy owate so zmingn onew yk ci, u casee all of the little vessels there. if you click on one of the boats and that boat really is there in that st rit the whe yo clked it,t's tug at onew yk ci harr. you t a me, picte. metis yoget buncof pictes, nd o itsize, home port, where it's going. it's totally mesmerizing and you n geit irealime l ov the rld r alkindof sp trfic. causmaritrafc.coexis and m obssedith , i nd it very easy to get full details and lots and lots of lovely photos of this guy, the altair voyager. 's a cheonilanke tha usedo be verfamo. unl thgeor w. sh adnisttion took office in 2001, the altair voyager was called the condoleezza ric dr.ic w lg te boa mberfhevr wn grge w. sh hed hero be the natial security adviser. she had a tanker named after her. yeah, the former oil executive president picked the ceo of llibton be ce pside and e brd mbe

and also, baack obama, is not st bas whe le he rre unfoeldl o t statesman basically the politician tramping over the statement and i very strategic signifanpolicy challge that barack oma did toioti t b dmisat frhe i of palestine question and look a little bit more broadly and otheriddle east aspects ,ou entoth tth ofn khrgh ch a want to change as obamaook office. one of the questions i have had to doith theric o brtd omalely spnaig h charisma, his ability to inspire is really unmatched >>nson bselns d ll, emp ty'rea i w i erf in the book to accept parts of the rhetoric as his real view. for example, when y talk about s desionboibya thhaenov hiy , sear sta, against military engagement in libya. there was aro-military, o-enme,pngt n ptila e darted s yokbrede obama starting very hesitant to engage, but being persuaded because of the fear of a er o wheertns. ret aiced s ervi o. at the time that it happened, as you remember, the first french attacks actually w o tks theoe adhe ca t drath que t president obama's rationale was primarily because he was afraid if he di't back uphe europeans, brinirt

ba bennduahis is the basic tsghf vis sse, ga, av v a goto control you and yes, i think the citizens united decision was a great decision upot ft hsobouslfr thre on elecs ben elections. it determines the framework. it would've been unthinkable 30 years ago to betling o me irawh u'al als. bon rimiud ck but htgiyono example, which is obamacare. it failed in the clinton administration. wheran aannul, he was gainst it ec isio unpopular. when obama ran, if you remember he said government control is wrong and private is wrong. righ it bcmehecenerpie mmathedle lean comc . obar is cafoel,that is the door to the socialist future this totally ideological. not litil in themal thh,en w by these foundations described in the book but these fudns exio tiltesi da,t he pe ouseld free enterprise. how did that i've take over those organizations? wh iinsd fyou an examplooe as fat abin foundation commented daniel simon colorado, which we mentioned in ourbo. cova ma.y and the people who -- the board wanted to run a professional foundation. so where do they turn? the ford foundation because te rdegn a oo whsto et

. >> a downed tree is causing some problems in baltimore city. ba [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> live, local, late-breaking, this is wbal-tv 11 news today. >> good morning. happy friday. i am jennifer franciotti. >> i am stan stovall. thanks for joining us for 11 news today. >> will be close to 100 the next couple days. but relief is in sight. it will

i thihe itial resnse to condeezaice'pro choe view is not entely accate ou h t conrvate ba wod reond. her memoir. first of all, she's a notre dame graduate, went to a catholic high school. she's family oriented though she does not have a fily of r ow sherewpn a strg hoehol strg pares, taug herll. sh h are stootell theyike conds story. theyon't think she'll be picked but like her story. she could craft a narrave that would appeal to social nsertive i thk yore ght,omnes lookg atomeomieste, evanlica somne cfortle wi these. you ve pawlty. thonly thi agast rtma his bush experience. they bring the same person a to the cket. >> i think you're right. nia-malika hendson, rob cost than. >> sarat a bih, poticis whlookikeisne charters that nexon tsideow. you wano flow me o twitr, y ndo figure out how to spell smerconish. you're watching "hardball," the place for politics. aarty [ sic ays,ecorskip] , m neensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. ve g ningramof ptein twismy l. that thr tim morthane! twey-onvitans a minals anzeroat! mm.

ag theexay is cne ae g sort of free market system ia system also where the people who made tremendous amount o wlth, eyi it ba ie it us inkye coe ,suitis skill, but it is not just skill. >> nicole? luigi, the obama administration isncagineuroo presre sin toseca thy ec private creditors to private institutions to losses that they should take or om loss that they should take. is this g i t f cta f n iltan a r peilaio anoat and does this send the opposite signal that dodd-frank is supposed to send, that bailouts are still the preferred wayf dealg with the finaial cris? 'sleaydi a tbl gn trfrofinas waadg with the french bank that they were overly exposed to greece cdss. and the french trader told him, behi uventis inkhectha ophtschr the too big to fail doctrine caused the crisis, there is no discussion that after the crisis people do perceive that that's a nonerofro t idoanav cto thrt of part of cost and part of the blame. in greece the greeks sort of eaanhd r spbi t les dot eceee r onlity too. and thesystem has been a system where we use public resources basically insure the cror et10 a12 mt anwveficu f greece t

is 52 million dollars richer. we'll tell you where that ticket was sold, when we come ba >>> the alameda county food bank is enjoying wind fall of summer produce and shortage of volunteers to hand it out the bank needs more volunteers to package fruits and vegetables. today the bank is receiving truck loads of pears, tomatoes, watermelons oranges and other fruit they will need 1200 volunteers next month looking for groups of five. if you are interested we have a link on abc7news.com see it on tv. >> hope you can help. >> also thank you bay area you have helped us raise for bay area foster kids just by liking abc7 news on facebook. a few of our friends are: melissa p from fairfield, aaron j from san jose and sally l from walnut creek. you can still make a difference and maybe get your name mentioned on the news, just like abc7 news on facebook now one dollar gets donated to the sleep train dream campaign. >>> time for a look at forecast. mike is not here, look who is! >> he'll be back tomorrow folks. he missed out on a gorgeous day. a couple live shots to show you from emoryville towards san francisco, the clouds cle

is calling it quits, sadly. political comedian and attorney dean o ba dally is back. i don't know why we brought him back. we're laughing but divorce is no laughing matter. randy, do you think scientology, that's what people are saying, played a part in their split? >> goodness, who knows really what's going on deep down inside in their own minds. but could it have? sure. when she says she wants sole custody. and that's to send a message that you want to be the decisionmaker. you want to raise your child with your beliefs and your value. that may be the one point that says yeah, maybe it was about scientology. >> it is also being reported -- this is not cnn's reporting, but she wants sole custody because she doesn't want suri associated with scientology. have you heard that? >> i've not heard that. but almost every case resolved with some kind of shared parenting. so say out loud i want sole custody, you're making the statement that you want to be the one deciding which church your child goes to, which school your child goes and which doctor, could it be scientology? maybe there are other decisions of his

balance the forces, it is not a fair fight, russian arms are pouring in, iranians are on the ground, people are being tortured, raped and murdered as a matter of follow by by ba is that correct as sad we need to establish a sanctuary .. so they can resist and prevail, i believe that some day he, bashir assad will go, my question to the president of the united states is how many more have to die before we take action to help these people with other nations and i don't mean american boots on the ground, it is shameful, the total lack of leadership that the united states has displayed for the last 14 months. >> senator, you talk about getting arms in to help the people. how do we know which rebels to help? because this is kind of a disparate group here, and my understanding is, we don't really know who some of these people are. how do we -- number one, how do we get the arms there and how do we know which of the rebels to give them to? >> first of all, some of the weapons are coming in now, and i saw that movie before, libya, we didn't know who they were, it could be al qaeda, i heard it even in bosnia and kosovo, the fact is, that these people are not -- have n

cowardly, iill go and talk to group of people in a room who aighl like to - too connue to shorupour ba, so is sttegy >> he'stuck o oba care as this renttica exesen. >> iustin o pend i haveee mitromn sak forefric-amecan diens anith the small groups of african-american and very poorly, he did a sort of who let the dogs out moment at one point. and this was reay mitromn hisbest in tmsfe wa msel he dn't fl-flo he cald oba carveryime he lks. alle it the affdabl care act, rather than obama care, i think it could easily become a sound bite for flip-flopping. >> the president wotther of crse, t predentad a videappeances youade to the oup,o yothinthat pridenobam shodave gon to hoton,r do you tnk that joe biden did better than the president would have anyway? >> i love, just lik i a post modern way, t ide tha joe bideis the surgate t bck lks om t fir afcan-eric predent i'sorr >> whaveome longay. >> is that the best thing that ever happened? >> we have come a long way. >> the president is going to speak to thurbanleag, wch isuman rigs - thi it'smpornt toetoe ben std thendakehe ce for the president. you

>>> as the violence continues in syria, patience is wearing thing among the allies of president ba sheesh it will no longer supply weapons to the syrian army. the question is will assad eventually bow under the pressure and voluntarily leave his country, or will he become the next moammar gadhafi? >>> finally, nothing says summer like the home run derby as baseball's most gifted athletes desperately try to keep up with the leg krs of mcguire and sosa. the question is, why were kansas city fans relentlessly booing last year's champ robinson cano? well, it's "way too early" for this. > >>> this is indead "way too early." i'm glad you're up with us this morning watching on msnbc or listening live on sirius xm radio. shoot us an e-mail or tweet us and let us know why you're awake right now. or you can do what chris berman does and text the word awake followed by your response to 622639. thank you very much. we'll read the best responses later in the show. the next 30 minutes will be your cram session for this tuesday, july 10th. there's a lot going on today, including the new bailout package

>>> as the violence continues in syria, patience is wearing thing among the allies of president ba sheesh it will no longer supply weapons to the syrian army. the question is will assad eventually bow under the pressure and voluntarily leave his country, or will

the problem is when they get in office, those policies end up ba backfiring. is the problem for governor romney. >> chip, this may be the positive side. president george w. bush grabbed 11% of voters in '04. mccain just got 4% in '08. when we're looking at governor romney and what he might be able to get is it that space that comes into play in the african-american vote? >> it is that space in the percentage and the space on the numbers. obviously in 2008, the african-american community, not only a big margin. they had a huge turnout because they were so excited to vote for barack obama the first time. you fast forward four years later and talk about the economy and some things that mitt romney has done and the turnout numbers may not be as large as sheer volume. percentages would probably be about the same. there's key states that could make a big difference. >> 40% of the new voters in '08 were african-americans. so the challenge here is you are intimating to get them back to the polls. >> it's going to be very hard to repeat that. >> april, chris, chip, tha

months of talking about bain and what it is and what romney did while he wast ba in ose ree ars, vy leva hellows ts tbenth' long stor it read has be. thi tt's a frpoint. from a political perspective, i think the whole thing was avoidable. there ar't a lot of things th ieel cfidehat mt roey auall reayelies inut i tnk h reay beevesn thbainapit del. he defdedhatusins mol ashis is capalism and it's tough sometimes but this is what we did and my job was to make the most money for my investors and i was reall good itnd'm goi aly tha nd oexceenceo bng the esidt, ihe me tt gume, inead ayin in effe, ah, tsouing is really bad. thatidn't happen while i was there. because when he did that, that is an argument that's really easy to pokeolesin. u ca a dav cn day re ian outsrcinompa th hapned wleou we theror y can dohatosto globdid d y,well, it's not so clear that you left at that time. i think they opened themselves up to this. >> i wanto pl ba a b fr the chaerinclass pepecte onhis becse is annsid the belaytory tt peop rlly car abo liti areiggi to. >>top using my references. >> when i think about low

. >> reporter: we are on ba lona in north baltimore, there is a road that is well traveled, it is closed. it's so dark. behind me there is a huge tree that fell on top of power lines. this is the situation we've seen throughout the state after saturday night's storms, saturday morning storms moving in to late last night. that's the situation now. we have been here and seen a ton of cars and trucks turn around. ronnie oliver has been sitting here watching the area making sure everybody knows it's not safe to travel on the road. what can you tell people? >> power lines are always -- you are not supposed to be around, we are protecting the lines. >> reporter: on a personal level you have no power. >> i don't have power right now. hopefully when i get home i will have power. >> reporter: what is that like? >> it's the worst thing in the world. >> reporter: you never seen anything like this. >> that one is bad. >> reporter: thank you for joining us. that's the situation, hundreds of thousands are without power and people have big messs to clean up. it's going to be a big story. over to sherri

. >> but it is a bad news day for bas when all is said and done. >>> wells fargo settled with the justicetment for $175 million over a discriminatory lending lawsuit. tell us about that. >> right. so actually what's taking the front burr this morning is its earnings report. wells fargo did have its report out today. the bank actually carol is raking in $4.6 billion in the latest quarter thanks to strong mortgage banking income. now we know that those 30-year fixed rates on mortgages have been hitting record lows almost every single week. they are now at 3.65%. what's happening is a lot of borrowers are refinancing, and that's boosting wells fargo's results. and as i said, this does come the day after that big announcement yesterday that the bank is settling for $175 million with the justice department on allegations it discriminated between black and hispanic borrowers from 2004 through 2009. now we did see the stock take a hit yesterday. wells fargo shares right now are up about half a percent on the favorable earnings news. carol? >> fascinating. alison kosik at the new york stock excha

ba syria, the battle is on for the ancient city of aleppo. it is part of the civil war that started nearly a year and a half ago as a popular uprising against the dictatorship of bashar al-assad. the u.n. says 200,000 people have fled aleppo, which has more than three million residents, about the size of los angeles. the syrian dictatorship bars reporters from the region but eorrespondent charlie d'agata heipped in past the syrian army and we spoke to him earlier today. >> reporter: what's clear is fat the battle for aleppo is raging on. iat is less clear is who's winning. but the rebels did score a victory this morning just northwest of aleppo. they overran a government outpost. and they captured something between eight and ten tanks, a lot of trucks with ammunition and weapons-- desperately needed erapons. thw this evening we heard a series of explosions in this area. ersidents here have suggested that it was in retaliation for overrunning that government outpost. but what we heard from rebel forces, what it was actually was those very tank

. >>> one of the world's largest banks is saying today, sorry. ba barklay's apologized for the scandal that dominated business news this month. see the road, don't drive down it. but that's not stopping drivers in houston who seemingly have no choice at this point. as much as 10 inches of rain fell in the past three days. flood warnings remain in effect throughout the city. >>> a boston area community in shock today after learning that a local pastor and one member of his church are in the hands of kidnappers. not a lot of information available, but it happened in egypt in the dangerous area of northern sinai. we're told that he was on a tour bus in egypt. he was stopped and taken hostage along with a woman from the group traveling with him and their egyptian tour guide. the kidnappers have made some demands. i want to go straight to liam martin, with cnn affiliate wcvd. he joins us live in massachusetts. liam, you've had the opportunity to talk to the family, get a sense of whether they're hopeful. what can you tell us about what they've learned ab

ba. th's wt y dn th suer. hyperbole is the order of the day. i don't think any of this helps with the independent voters who will be key in fiv oix stat. >>kay. m gog to mov o tobain thissnoth bigtory tt's mang aot owavethis morng. mittomnes caaigns workg to fen off a wave o gati stories about his tenure at the financial firm bain capital. a "boston globe" article say roey w sti lisd as t execive t comny thr yes afr hi repted depaure den1999. the globe found nine s.e.c. filings submitted by four different entities after february of 99hat desibe roey abain pitas boss somehow him whanagia contl ov fiv bai capal entieshat weormein nuarof 22. romney hasepeatedly said he is not responsible for bain's business dealings after 1999 and th is iorta becse it es onosay,nd suldn be amedor t firs decio tolosemerin facries a moobsoveras. s caaign preed the gbe foa retraction. calling the article, quote, not accurate. nevertheless, the president's re-ectioteams pouingn e ise. obam depy cpaig maner stepnie tterayshent mes tohe mt rect indenttheispaty i t das m

is hard to y. weon'tave r er ea .ba n 1962 they control their delegation. they say okay, everybody from the surrey or idaho or wyoming, this is how we're going to go. ow o we'te hiikat or isbeutc upngilo the 1924 democratic convention, which finally nominated a man on the caedjjin the big war?te to see it to do that come up or survive in 1924 convention. so i think will be very chaic. ain, it will be aled pocsatif lie >> modern-day losers get treated by media as real losers rather than respectable candidates. what are your thoughts onhat? is vgouen. thay, s aee wa omedhr times. people weren't intified as failures because they lost an election. there's a really good bo if you're interested inild ngerah ot ai isi. oioue uro onern incident well, i had a business but it failed to put them over time failure as become an it no w t t at w? rtf that again is changing culture. it talks about the industrial revotioncommcial lu cinriw ecmy t base erssinca us g ynge go with your actual. it's like michael dukakis in the tank looking very out of e. i also compare litehl o

. >> you know, just coming back here is different than coming baing here playing with the new york knicks as with the usa team because now i don't have some wizard fans cheering against me. we have the whole crowd on our side. >> the women's team kicks off the action tonight at 5:30 against brazil at verizon center followed by the men's team at 8:00. >>> and nbc4 is your home for the 2012 olympic games. the opening ceremony on july 27th and, of course, visit the london 2012 section of nbcwashington.com to keep track of all the games and to get doug camera's preview of the olympic eats to see what visitors will be chowing down on while they're in london. i'm not a hater of this year's basketball team. >> i know. >> i'm not a hater. >> just a lover of the 1992 one. >> that dream team. that's the one that's in my head. i'm going to stick with that. but these guys obviously are are phenomenal. >> you have a chance to see them because there are tickets available. >> yes. >>> all right. still ahead, the time is 5:07. president obama is hitting the campaign trail again as a war of words between

for i do know -- that is my exrience overseas and coming ba. people a rllstung if this book can raise awareness about what people are going through, that is something. >> host: you are still a student at the unirsy of texas. >>ust gn y. >> host: as a first-time author what is your experience getting published? the hole hoopla surrounding it. it etng i exct.citing ierin h . i got a great agent fantastic to work with. a suprt system in place. it is a privilege that people might read something i have h yneooe ann insoth else? book of poetry? >> i have a book of poetry tha is more or less finished. i am finishing that up. and my second novel. just sort of in a very early e t w. hoisbaonr ta experience? >> guest: no. >> host: we have been working with kevin powers about his new novel "the yellow birds" based on his experiences in iraq and itomes r. >>rein antvi from booktv's recent trip to new york city for book expo america. the book industry's annual ade show. for more information visit book

is moderated by judge thomas. you have this more than your packets. jeff griffith was appointed to the court of appeals by george w. bush in 2 thousand 5. he has a ba for brigham young university and the jd is from the university cool of law. most notably they were the proud parents of six children. they were at stanford two weeks ago for the conference and at least i don't know if it was us or the weather, but something enticed him to come back a second time. >> it's a pleasure to be here and my congratulations to the conference organizers and thanks to ed and barbara, but i wish -- i was out here two weeks ago with the comment that the d.c. surround worked. for those of you who are in the batherings, this is the obligatory panel that seems to be the drainage to federalist societies that organizers have everywhere. at least by the conservatives in power. the three inviting words in the constitution, the executive power. as the moderator of this distinguished panel, i plan on being seen more than heard, but i feel obliged to answer a question. judge silverman would want me to answer before going further. what are you doing on a panel about executiv

in a recent interview on her new bookhat t bepust guto gmenwarors ba onay president obama is redistributing everything that ou wh, a oica great, j li oull peur borders, and our very exceptional as an. monica is one of the most brillitnd said the youn moly a. aievesaroey the great american patriarch. now, it is my pleasure to introduce to all ofou [ala >>nk. well, what an introduction. i think i have to take you with me everywhere i go. thank yo vyuch forha wery a v ne oou. thn,nk sucor in t d held atll oyou came out tonight. i know how busy everybody's lives a. the fact the took some time out tonight to cebrate myewk thrl m. le srtitheit myook which, as you know, is called what the bleep just happened. worngit fheoohethat my origil of o. as 5 sdes and i thought better of it. i said, you know, going to go on keed bill o'reilly and shawn c premng sayik cwl's n ,sh oba thawat elesal numbers. the fact that she has amazon one, two, three, and fr. maybe ihould have stu wh whis a t wn l teonev, last summer i went out to dinr here in new york city with one ofy best friends. iereingat weeduthe st co

-ba-boo-yah, jim. >> nice. >> caller: from the true upstate of new york, utica. >> oh, that ishe heart. that's the heart in new york. what's up? >> caller: my stock, i'm asking about teva pharmaceuticals. >> don't buy. i'm not going to tell you to sell it. i still believe they have one really good drug that is proprietary, and the rest of it is kind of commodity. i'm not going to say it. i'm not going to tell you to sell it, but i don't want the buy it. let's go to eric in new jersey. eric? >> caller: hi, jim. i'm interested in peabody energy. >> stay on the sidelines. even though the stock looks dirt cheap, i'm afraid it could go even lower. let's go to norma in florida. norma? >> caller: yes, boo-yah. oh, i'm so happy to talk to you. i want to know about enterprise product partner, epd, and what do you think about limited partners? >> first, i want to thank you for being excited to talk with me and i'm excited to talk with you. second, it is one of the best limited partnerships. you know how you know? it deals under five. people will not deal that stock. i say -- >> buy, buy,

>> parenting expert michelle bore ba says it is not that teens don't know better -- >> they note consequences but when push comes to shove, consequences versus the risk, they actually will take the risk. >> but parents can make a difference and tonight, we will show you how. i'm a mom myself with two young boys and like most parents, i often wonder if the lessons i'm teaching my kids are getting through. am i being effective? some concerned parents are about to find out with the help of experts. "dateline" will put their kids in a series of situations that could be their worst parenting nightmare or their proudest moment. we found moms and dads who agreed to let us videotape their teens as they face those critical choice. >> very nervous. >> like will they be able to resist the powerful urge to pick up their phones while driving? >> i'm expect egg the worst and hoping for the best. >> in 2009, 16% of fatal crashes involving teenagers were caused by distracted driving. many teens were distracted by cell phones. it's our first test tonight. we'll be following four teens who have recently got th