people say steve jobs would never have let that happen. >> james gore man telling the "financial times are still overpaid. agree? >> yeah. there is a paradigm shift on wall street. i commend deutsche bank the first bank to come out and say and say we are going to structurally change compensation. shareholders need to be rewarded. when you think of morgan stanley, 23% return on equity, 4% now in employees need to get paid less. >> absolutely. i think this idea of trying to increase compensation when revenues are going down as a way to retain talent, i kind of want to call bs on that. i think we're in some tough times. even traders i know have said it is time for them to cut some of the fat and time to really make that -- >> would we be okay with fewer bankers? >> somehow we're going to have to go on. >>> former ge chairman and our former boss, jack welch, alleging that the big jobs rate drop was a conspiracy in this tweet. unbelievable jobs numbers. these chicago guys will do anything they can't debate so they change the numbers, end quote. "power lunch" called the white house for respo

james gore man has given his starkest warning yet over wall street. he. >> shon: compensation was way too high and that managers had to become tougher minded. he added that as capacity at banks declined, so, too, did bonuses. morgan stanley has already announced 4,000 job cuts, around 7% of its workforce. and barclays has announced a reshuffle of its investment banking arm. three of the senior bankers will be leaving at the he end of the year as part of the changes. rich ritchey, head of barclays corporate invest him bank said management changes were designed to provide a greater degree of regional leadership and coordination. appointments include chief operating officer. and there are more worries at king fish airlines. shares tumbling 5% in today's trade. for the year they've lost close to 40% of its value. let's go to mumbai for more on that story. >> >>> the week of october twefth, a lot of the staff is opposing the management and there are salary which is are not paid for months. controlling body with regard to aviation has decided not allow king

in an interview with the ftc, james gore man said more job cuts and smaller bonuses are planned next year as the bank attempts to boost shareholder returns. i'm handing this back to you. you deal with it. this is your idea. >> this is how we do it. we'll pretend, we'll play along, in corporate news, sony is halting sales of it experian tablet a month after its launch. there are gaps between the screen and the case and makes it susceptible to water damage. >> facebook had requested the transfer, investors argue that they lost money due to nasdaq's it technical glitches and they're accusing facebook of selectively disclosing unflattering information to analysts who then shared it with privileged investors. and federal and state authorities are reportedly investigating credit suisse over mortgage backed securities sold by the bank. a civil fraud case was file order monday over mortgage backed securities originated and sold by bear stearns. >> but they're all bad. and they're unsettling. and if i'm getting all this bad news, i'd almost rather have some calming sort of -- >> zen music? al

the first generation of writers, gore vidal, truman capote, allen ginsberg, james baldwin, christopher, that took a lot of flak. the next generation had a much easier. edmund white, armistead, marketability, and tony kuchar. these people began to be accepted as equals, as major literary figures. so i was going to read to you a section tonight, today, sorry, about gore vidal. and gore vidal, at the democratic convention of 1968, and you'll see how one story leads to another injury. i'm beginning someplace and now in someplace different. christopher dedicate his novel to gore vidal. vidal was honored. but in the meantime he paid his friend a higher complex of competing with them. shortly after his singl manager, gore vidal went gore vidal went back to his old novel, 1948, revised and reissued it as if to establish his position as the first chronicles of kate american life. it was published in 1965, year after a single man, and included an afterword where he explain why he wrote the novel and offered his strongest statement to date about sexuality. i decided to examine homosexual underwor

that moment captured in a 1992 debate between al gore, dan quayle and admiral james stock dale, viced you know who he was? it was a self-confessing moment. no one knows who i am. ross perot's running mate in the presidential debate, meant to be funny but some thought, yeah, who is he? always a funny moment. lisp, the presidential debate tonight and it is going to put these guys to the test again. it happens in denver. president obama, mitt romney said to go head to head, first of three debates and this one focuses on domestic policy. domestic is hot on the agenda tonight. the economy the top issue for voters. it is expected to dominate the night. most of the segment is dedicated to t health care, the role of government are also on the paul steinhauser watches it lick like a hawk. you have the freshest polls coming out as people decide what they think of the two guys going into the contest and who they think is going to win. >> exactly. some of the numbers are right from us, from cnn orc. 9 1/2 hours from now, behind me in that building, that's where the showdown is going to be. who d

james carville. >> well, as i've said, you know, there's no doubt that i can make a better case. which is why i'm so looking forward to tuesday. >> reporter: but again, why did it happen? al gore said, was it the altitude? >> you know, the -- i'm not going to speculate on that. >> reporter: no lesson learned from it? >> well, i do think one lesson learned is just to make sure that people understand how much is at stake and how deeply i care about it. >> reporter: but we asked the president if he's second-guessing himself after that debate. >> i played a lot of sports when i was a kid and still do. if you have a bad game, you just move on. you look forward to the next one. and it makes you that much more determined. the difference between this and sports is that the stakes are so high. >> reporter: in the days since, the romney team has been out in force, saying, this wasn't just about performance or style. but an administration that seems tired and governor romney, filled with energy and new ideas. >> well, there's no doubt that he made a good sales pitch. the problem is, the product's not going to work. there were no new ideas in there. >> reporter: what did mrs. obama say to

presidential debates in '92 between republican dan quayle, democrat al gore and the third party running mate of ross perot who was admiral james stockdale, there was this moment. >> admiral stockdale, your opening statement, please, sir. >> who am i? [laughter] why am i here? [laughter] [applause] megyn: he was totally charming and likable but also got a lot of criticism for his performance in that debate, and, you know, his family later came out and said they thought it was unfortunate because they thought it changed his legacy, and he was a very honorable man. in any event, we are all watching wednesday night. they say this is going to be the most important debate because it happens earliest in the season, and early voting's already underway. i will be there in denver, colorado, hosting our coverage along with our own bret baier, our coverage of the very first presidential debate begins at 8:55 p.m. eastern time, again, it's this wednesday, october 3rd. >>> another fox news alert as we get new information on the investigation into the four americans murdered on 9/11 at our consulate in libya. fox news has learned nearly thre

james carville. >> as i said there is no doubt that i can make a better case, which is why i am so looking forward to tuesday. >> again, why did it happen? al goreaid was it the altitude? >> you know -- i am not going to speculate on that. >> a lesson learned from it? >> i do think one lesson learned is to make sure that people understand how much is at stake and how deeply i care about it. >> we asked the president if he is second guessing himself after that debate? >> i played a lot of sports when i was a kid and still do. if you have a bad game you just move on you. look forward to the next one. it makes you that much more determined. the difference between this and sports is -- that -- the stakes are so high. >> in the days since the romney team has been out in force saying this wasn't just about performance or style, but an administration that seems tired and governor romney filled with energy and new idea. >> well, there is no doubt that he made a -- a good sales pitch. the problem is the product is not going to work. there were no new idea in there. >> what did mrs. obama say to you when you got home that night? >> you know what, michelle

>> gore, he's one of the great -- he's one of the great action heros, isn't he? hess like sherlock holmes. certainly guys we see a little bit of jamesequal duran duran is still exciting fans 30 years on. and now, john taylor is telling the story of the band's rise to stardom in his autobiography. >> i was a nerdy kid at school. i was nigel. i was like clark kent. one of the clark kent/superman moments. within a year i think i changed my name, you know, stopped wearing the glasses, you know. i was like the least likely to kid at school. >> i want to just relate for our viewers some of what you've written in the book. and i quote you. i'm a pinup on thousands of bedroom walls but the fear of loneliness is turning me into a coke head. talk to me what you were doing and how you felt at the time. >> none of us had any clue we were going to become teen idols. that was, you know, careful what you pray for kind of deal because what that -- it created a popularity contest in the band. it sort of created attention that i was uncomfortable with. plus, plus i just didn't have the off switch the rest of the band had, you know? they knew -- it co

gore overcorrected. and if i were advising the president, maybe he is watching, he should not overcorrect. >> here is what james are not panicked, and i'm not sure why, maybe i'm being silly, but people are saying the same thing, should by more concerned than i am. >> a few weeks ago, he was saying panic when the president was solidly ahead of romney. >> you don't believe there is a experience out there? >> other vs have poll conspiracies. as a president, i think he honestly said, he had a good night, the president had a bad night, and romney is gaining in the polls. the vice president needs a good debate, and then the president needs a good debate. the democrats like their candidate, unlike republicans, who had like a shotgun wedding. >> a lot has been made of the vice presidential debate, an an equal number of people are saying people don't vote for a vice president, they vote for a president, if joe biden wins, will it have an impact? >> you're right, nobody votes for the vice president si. when t late lloyd benson who was as able of a politician as i ever have seen in my life, his candidate still lost. so t