i'm jamie colby, keep it right here on fox. have a good day. >> european market meltdown not helping to calm down our markets. major bank stocks plummeting there. fears that it's growing over here and whatever is ailing them is going to be a big, big problem here. the whole contagion, how real is it? >> i don't think we're in 2008 area right now. i think our banks are much better capitalized and we don't have triple-a mortgage backed securities and mortgage backed securities rated triple-a and considered on our balance sheets and something else that's modern day nefarious. >> if you have a big french bank that goes down, i'm sure we hold that paper here, could a big french bank go down. yes, here is the thing, if france gets downgraded and bonds will get downgraded and people won't be buying french bonds unlike u.s. bonds and those banks, if you saw the stock market, and they're hammered lately and those banks get hammered and that could be a problem. by the way, it could be a problem for our economy and people talking about do

kelly wright and jamie colby are standing by in new york. don't forget neil cavuto's special will be on after. thanks for watching, we report, you decide. >> hi this is a fox news alert. major credit rating agency down gidding america's sterling aaa rating for the first time ever. welcome i'm jamie colby. >> and i'm chemly wright. standard & poor's knocking america down to a aa+ rating at the tail end of a week where a divided congress fought down to the wire over raising the debt limit. to give you an idea of the bag feud of this, consider this, the u.s. has -- held a aaa status rating since 1917. now that lofty status made the u.s. treasury bond one of the worldest safest investments and allowed uncle sam to borrow at extraordinarily keep rates. savings pass on to you when you buy a home, car or credit card. >> reporter: white house press secretary carney put out a statement that did not mention the downgrade but talked about the circumstances that lead to the downgrade. carney said, the bipartisan commission on deficit reduction or the bi

kelly wright and jamie colby standing by to take over from here. make it a great day. everybody. everybody. >> fox news alert right now. new reaction from the reports of prison sentences for two hikers held in tehran since 2009. welcome to america's news headquarters, i'm kelly wright. >> jamie: i'm jamie wright. this is a serious blow for the release. the judge handed down matching eight year sentences for both spying and unlawfully entering iran. julie banderas live in new york city with the disappointing news, jules, this is not what we wanted to hear. >> reporter: certainly not and imagine the mindset of the families right now holding out hope for years. the state department, which has repeatedly called for the release of the two men, released the following statement, just moments ago, which reads in part. we are working to confirm these reports and are in contact with the swiss protecting power to obtain, and shane and josh have been imprisoned too long and time to reunite them with their families. despite american calls for leniency, they've eached reportedly been sentenced

presidential nomination and it could be a potential game changer for the g.o.p., i'm jamie colby. >> i'm kelly wright. welcome to a brand new hour, right now in charleston, south carolina, he's expected to speak, perry, a major supporter of the tea party movement, with backing from social conservatives for his opposition to abortion and gay rights. and he's also an evangelical christian and prodigious fundraiser, 61-year-old three-term governor is sure to cast a long shadow over the current g.o.p. field. >> jamie: and jonathan serry is joining us live from south carolina, good to see you, you're definitely where the action is this hour. what do you think we'll hear from governor perry in his first official campaign speech? >> well, late this morning, governor perry updated his official website, first of all, announcing, he is indeed an official candidate for president of the united states, but also, touting his record on fiscal conservativism and job creation, we're likely to hear more of that in his campaign speech. he's likely to go into detail about his record in texas, that state

i am jamie colby. two american hikers will get eight years in prison.hane bower and josh fattal will have to serve time of illegal entry and espiage. they were arrested for crossing an unmarked border. sarah showed was released due to medical reasons and disturbing new video of the dead low riot in the uk. the surveillance video shows dozens of protestors opening fire on police officers and they set fire to buildings and looted several stores and they are releasing the footage in hopes that someone will turn them in. we'll send you back to forbes on fox only on the fox news channel. more of your hard earned green . same week a solar company declares bankruptcy after getting taxpayer assistance. president obama is shoveling out half million near for biofields. >> here david green means red for red ink. we have had decades for subsidies and make up 11 percent of the electrical generation and same time president obama makes his announcement, they will announce half billion loans to solar company in india. they are money losers. we have a green fuels called

casey, let's talk, i heard jamie colby ask you for the kobe bryant card. no, no. bring it to me. and if there is two fantastic if not, give it to me and accessorize, won't you? >> we'll get it bedazzled for you, how is that? >> arthel: i love it. thank you, casey. >> got it. >> eric: how about mickey mantle? or sandy koufax? >> arthel: you're going to get into it. i must admit, i was a cracker jacks girl. >> eric: well, you got little ones at home and you know school is right around the corner and you know what that means, you got to buy all the school supplies, all the books and the rulers and the thingies and the stuff we didn't have, going to shell out a lot of dough. "consumer reports" has some advice coming up. now they got the very best for the kids for less. >> arthel: my favorite is the thing a majig. 50+ advantage has ginkgo for memory and concentration, plus support for bone and breast health. a great addition to my routine. [ female announcer ] one a day women's. >> arthel: august 6, the month is going by. it's that time of year. millions of american children getting r

for "teen kids news," i'm jamie colby, fox news channel in the classroom. >>> in 2005, hurricane katrinad new orleans and surrounding areas. as some high school students from new york city discovered, the people there are still in need of great help. >> you would not believe t would you think that after five years that everything would be okay again,9i4u it's actually surprising how things are forgotten b. >> reporter: in fact, thousands of people are still without proper housing. many are living in temporary shelters, like trailers. >> it's so sad, just to think that you could lose everything, like to think, wow this is my life you lose everything, your whole house, you lose -- like your family falls apart where are you supposed to go? 4dcwu0=5kuó queens high school of teaching spent spring break in new i?á ;mqorleans, working habitat for humanity. they were helping to rebuild nonprofiting ors that raises awarenessaç forgi"7j0ngaffordab and we in this school -- we started a club called the emerson h 4 h project. >> reporter: club was started after a teacher suggested the idea to one of

with rick perry announcing, too, welcome to a brand new hour of america's news headquarters, i'm jamie colby. >> kelly: and it could failing to meet expectations might signal the end of the road for others, despite the attention focused on the iowa state fair and some of the biggest names are vying for the spotlight far away. chief political correspondent carl cameron live in ames, iowa. carl, the speeches are underway and what's the mood like there at ames? >> well, kelly, as we speak, rick santorum, the former pennsylvania senator wrapped up the first speech of the straw poll gala this afternoon with a very, very staunch, socially conservative address to this iowa crowd of republicans straw poll voters, insisting his record after 12 years in the u.s. senate as a fighter for right to life and the sanctity of life will continue if he is president and he's been frustrated he feels the national media has not been giving him the attention he deserves and got the crowd on its feet, saying they have an opportunity to make a statement today by supporting him. santorum has had a boost and some thin

i'm jamie colby. the fate of two americans now hangs in the balance. years after they were arrested in iran, josh fattal and shane bauer faced a judge in tehran sunday. got were charged with espionage after hiking along iron's border. former egyptian president ordered to appear in court at his own trial this week. he was summoned to appear before an egyptian court wednesday despite reports he is in frail health. the ex-president accused of ordering the shooting of protesters in february. relatives of some of the 850 killed will be in the courtroom during the proceedings.foxnews. fox news has all the latest onj the d.c. debt dealings. now, back to greta and aitch special edition of "on thet record." mean everyone is on bo. phil beginning gree of georgia. based on what you know f sir do you expect to be voting for this or not? >> greta. i am not sure. i don't have all of the details. we did have a conference call a hour ago. i am studying more into the we hours of the morning before i make that decision. right now i am going to hold on whether or not i a

i am jamie colby keep it right here on the fox news channel and the latest on the debt debate. foxnews.com greta. we will have more on foxnews.com. >>> senate majori majority leady reid and mitch mcconnell says tlooesz a deal but that does not mean everyone is on board. phil beginning gree of georgia. based on what you know f sir do you expect to be voting for this or not? >> greta. i am not sure. i don't have all of the details. we did have a conference call a hour ago. i am studying more into the we hours of the morning before i make that decision. right now i am going to hold on whether or not i am going to support it. i only supported boehner, too, when we put the balanced budget amendment, the requirement that it passes and is sent to the states and then i got on board we finally passed 218 to 210 and i switched over to a yes. it was taken out of the deal now. i am very concerned about that. >> you don't think there's a stand alone balanced budget amendment vote isn't there? >> i am not sure when that will be. as part of this deal there will be a balanced budget amendment vote. i don'

good morning everyone i'm jamie colby. we got it all covered for you. well tomorrow to america's news headquarters. >> we are hearing that the global financial officials are holding an emergency conference call right now trying to contain any more damage. these are white knuckle moments for investors and all of us across the country as bracing for the world markets to open tomorrow. and repeat of the blood bath that we saw last week. fox senior business correspondent brenda buttner. we hear that ennuis decreal the stocks are down 5% could that happen here tomorrow morning when wall street opens? >> that is significant. because this is first real tell we've had since s&p 500 downgraded our debt in an historic fall for the united states. but israel is important because there are many tech stocks that americans are very interested in. but a couple of things, first of all it was s&p 500 only that downgraded the -- our debt. and it looks like people are actually may be rushing to safety which is just the opposite of what you might think. so it's hard to say.

fox's jamie colby is live with more. what do we know about these guys? >> reporter: alisyn, this is a very big get for mexican authorities, garcia, the leader of the hands with eyes gang, they're responsible for massive killings and drug sales throughout that country, 36 years old, and after he was founded -- rounded up in an overnight raid last night, he admitted actually to 300 murders personally and being connected to 300 more, many of those involved beheadings. since his arrest, it's been reported he's a former mexican navy corporal and police officer, and that he also served as a bodyguard to a major cartel assas nane, edgar valdez, aka la barbie, before he spin off to form his own hands with eyes gang and that interestingly is named for a mexican entertainer who uses his hands, paints eyes on it and it's a puppet he performs with. alisyn: they're much more nefarious than that, obviously. so this guy, being connected to 600 murders. give us some context. is this the tip of the iceberg? >> >> reporter: it may be, because this year alone, there have b

. >> jamie: i'm jamie colby. good to have you with us, this is america's news headquarters and we understand president obama is getting regular updates on the situation in libya. those rebels, eric was telling you about, 600 fighters set out for zawiya towards the capital of libya and, this is in tripoli and you can hear the gunfire as the rebels claim to have launched the first attack on tripoli with the help from nato and you know tripoli, is where muammar qaddafi's headquarters are, and, meanwhile, qaddafi's government is calling for an immediate cease-fire, saying it holds the u.s., the u.k. and french leaders all responsible for every person killed in the capital. fox news's producers is joining us by phone from tripoli, to tell us about the very latest. what are you seeing and hearing? >> caller: jamie, the chaotic events in tripoli last night just occurred, and, forces loyal to muammar qaddafi fought gunbattles across the city with sympathizers of the opposition in many districts and from our hotel we coul

kelly wright and jamie colby standing by in new yor

i'm jamie colby.ecord" and greta. >> greta: tomorrow night at midnight we hit our debt ceiling, and prior to that the senate will rush to vote on the new debt ceiling bill. fit passes the senate, the bill will get rushed to president obama's desk so the president can sign it before the clock strikes midnight. will the senate pass it? earlier today we caught up with republican senator orrin hatch of utah. we asked him if he's going to vote yes or no. senator, nice to see you sir. >> nice to see you, greta. >> greta: are you a yes vote to the debt ceiling proposal or a no vote? >> i'm a no vote, because i committed i'm not going to vote to lift the debt ceiling until we get a balanced budget amendment. frankly i think that's the correct position to take. i have to honorly live up to that, even though i think the leadership has done a very good job under the circumstances. >> greta: the fact that there's going to be a balanced budget amendment vote later is not sufficient for you? >> that's not sufficien

jamie colby is live in the our new york newsroom with more on this. 600 murders, jamie?nd he's only 36 years old. it's pretty hard to believe, and it is a major bust. the mexican police actually, jenna, snagged the leader of the hands with eyes, that's the name of this mexican drug cartel. it happened in an overnight raid, and his group is actually blamed for a lot of the extreme drug violence and massive drug sales we've been seeing in mexico. as i said, 36-year-old, garcia is, and he was found at a presumed safehouse overnight. once he was taken into custody, he actually admitted to being personally responsible for 300 murders, and he was connected to at least, he said, 300 more many ending in beheadings, so it's the most severe violence we've seen. authorities are saying he's a deserter from the mexican military, former a navy corporal and police officer. here he is being brought out before the press in how they do their perp walks in mexico. and he was also a bodyguard for a major assassin, edgar valdez, before he split off and formed this hands with eyes gang. and,

. >> jamie: i'm jamie colby have a great day, take care. >> the drop heard around the world. all eyes looking overseas to see how foreign markets react. already bad news out of israel watch about nervous investors here at home? are we going to be in for a market mess? the downgrade blame game is in full effect in washington on the campaign trail as well. i'm shannon bream. we know you are concerned what it means for your -- for your families. the next two hours experts from both sides of the aisle. brenda, hello. >> all the warnings from washington fueled the fear that no debt deal, big downgrade. instead, the deal was done but the downgrade still hit. s&p one of the three major rating agencies took down america's credit rating for the first time in history. why? not just because there wasn't enough cut from the deficit. but the answer involved a committee. a favorite cop-out in the capitol. seal a deal when no other compromise can be caught. what does it mean? look at first world markets trading in the mideast tumble on the first day of business, including in israel, which i