welcome back to the kaiser report time out of turn to john butler author of the golden revolution and the m four a report investment newsletter john is a former managing director of lehman brothers and do it your bank john welcome back to the kaiser report thank you max right john you were a former bond bug. the golden revolution of course refers to gold but let's talk about bonds where does this rise in the ten year bond the sovereign debt was a signal to you what's going on here well it's a bit of an interesting experiment that is the fed is actually testing the water to see how will financial markets respond if they do begin to back away from what has been clearly unprecedented intervention in the interest rate market in the bond market and by extension financial markets generally so they don't start of this taper talk a few months back and you know guess what happens no surprise you get a big back up in u.s. bond yields but think about it the fed is only just tested the water and they've allowed this you know small rearming as it were of the ball on market vigilantes and that has

we should say separately, though, john, the movie "the butler" open thz weekend which is about racismprah was a victim of racism. so if you think that somehow these two are not related you don't understand that oprah is the queen of pr and the queen of media. these two are totally related. she did a fabulous job with it. and i salute oprah for promoting "the butler" which open thz weekend. >> isn't lee daniels' the butler, i'm changing my name to my tile. he has his name in the title. how about the fact that -- i don't know who to believe, oprah or the saleslady, but rush li t limbaugh, maybe it's because she's fat. come on, how about that? maybe denying that racism would ever exist? how dare they. >> well, sometimes she's skinny. it just depends on the diet. >>> next on "news watch," did the immediated area overreact to a rodeo clown's exit? 6 . clown's exit? 6 . . mine was earned in djibouti, africa. 2004. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior lev

we should say separately though, john, that the movie "the butler," opens this weekend, which is aboutism. and oprah was a victim of racism. so if you think that somehow these two are not related, you don't understand that oprah is the queen of p.r. and the queen of media. these two are totally related. she did a fabulous job with it. and i salute oprah for promoting "the butler," which opens this weekend. >> isn't lee daniels the butler? i'm going to change alan combs show -- yeah, how about the fact that i don't know who to believe, oprah or the saleslady, but rush limbaugh saying maybe it's because she's fat. maybe that's why -- i mean, come on. how about that? maybe denying that racism would ever exist, how dare they? >> well, sometimes she's skinny. just depends on the diet. next, on news watch, did the media overreact to a rodeo clown's skit? [ female announcer ] made just a little sweeter... because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. it's a reality che

john siegenthaler. here is a look at the headlines. richard butlerormer chief weapons inspector in iraq told al jazeera that the united states must make certain that it has evidence needed to prove that syria used chemical weapons against its own people. >> it must be not based simply on the basis of gut feeling or the best that's what we think. we need as hard evidence to show the world the proof, and once that is done, the picture will look very different indeed. >>> and the un team investigating the suspected chemical attack is to resume its efforts on wednesday. the un team was able to collect samples on monday, despite first coming under gunfire from a sniper. >>> tensions are growing on an international scale over syria tonight. and the foreign minister is not backing down. james bays has this report. >> reporter: the syrian foreign minister gave reporters his first comments about the growing possibility of an imminent military strike by the u.s. and its allies. >> translator: we are all hearing the drums of war around us. if they want to launc

michael: in this clip, richard nixon is talking to the butlers. >> yes, john cusack.omething in all candor, as members of the community, what are your biggest concerns? now, come on now boys. don't be shy. holloway, come on. >> well, since you asked sir -- >> i did. >> the colored help gets paid almost 40% less than the white help. >> is that right? >> yes, sir. >> and it's very difficult for the colored staff to be promoted. >> i'll tell you what, when i'm president i'll look to you getting you the raises and promotions that you deserve. >> that would be swell sir. [cheers and applause] michael: that was big to speak up. >> yeah. michael: the other guys were giving you that look like shut up. [laughter] that was big. you know everyone, please go check out this movie, "lee daniels' the butler." it opens on august 16! [cheers and applause] give it up one more time for lenny kravitz everybody! [cheers and applause] nicole: our next guest is emma roberts. announcer: monday on "live" from actor ies "the newsroom" jeff daniels. next "live," ashton kutcher! he's going from

john miller takes a closer look. >>> plus, a high cost of coastal flooding. >>> and from the hit movie "the butler," lee daniels andbe in the studio. that's it for "cbs morning news." for this tuesday. i'm anne-marie green. have a great day. ,,,,

butler. >> james marsden as john f. kennedy. plete school, cecil? >> and jackie chan as bill clinton. "lee daniels' the butler" in theaters now. >> i think it's a little more intense than -- >> too much laughing. >> did you cry? because you've been crying all week. >> yeah, so in "the butler" i started crying in the middle and just didn't stop. a lot of crying. >> i have to admit, i did not realize, robin williams plays eisenhower? i just saw that now. wow, interesting. >> all the presidents are really good. >> debuted at number one in the box office. a bit of a surprise. thanks in part to the star-studded cast. recently willie sat down with co-stars len ni kravitz and cuba gooding jr. >> yes, there's a story about family there, but how important do you think it is for people to see this, to understand that country? >> it's so funny, i travel a lot overseas. i remember when president obama was inaugurated, i was in france, and these guys came up to me and say, how is this possible, black man president of such a racist nation? you

john. all of the iowa party leaders. the one thing i'll leave here is butler county. two democrats since the civil war, that's going change, that's all i can say. i'm here for three reasons tonight. the first is to elect my good friend. he's one of the best candidates in the country running for the united states senate. you all know better than anyone how he shares tom harkin's values. that passion for hardwork, the passion for people in the state. all we have to know about tom harkin in minnesota is one thing -- and that is when he was in the senate with paul wellstone, he was paul wellstone's best friend. thank you, iowa, for that. the second is how can you say no to a wing ding. by the way, those were great chicken wings. and the third reason, as bruce noted, is i'm literally only two hours from here and i can see iowa from my porch. when you really think about it, our states, minnesota and iowa have a lot more in common than a border, right? you have the iowa state fair going on right now where the most famous thing is the life-sized butter cow got a little bit of

butler's real name. in the movie, cecil gaines serves seven presidents, eight presidencies, john cusak plays president nixon the white house since president ford? >> gerald ford, yes, and i've seen a lot of staff people at the white house over those many years as well. >> i have to tell you, you could be the eugene allen of cnn. because that means you've had gerald ford, jimmy carter, ronald reagan, h.w. bush, w. bush, president obama and bill clinton, that's seven, you've been here. >> are you going to check out my next motion picture? >> i've seen you in about -- >> you've saw me in "skyfall." but this saturday night, 9:00 p.m. eastern. on our sister network. hbo, the new larry david film, "clear history" you'll see wolf blitzer in that film. >> i got my popcorn ready. >> i think you'll enjoy it. >> if you like larry david, and who doesn't. >> exactly. >> all right good. want to make sure you're watching. it was thrilling to interview oprah, wasn't it? >> it absolutely was thrilling and she was lovely and she kind of put herself out there. one of the things that really actually made me give me pause was b

john, any -- give me jay cusack, i'm in. [ laughter ] i love that guy. everybody in this is hitting home runs. i can't wait to see it. "lee daniels' the butler."ma be there, ms. reagan. >> no. not as a butler, cecil. i'm inviting you as a guest. >> but the president prefers for me to serve him personally. >> don't you worry about ronny. i'll take care of that. so we'll see you next week. you and your wife. [ cheers and applause ] >> jimmy: come on! i love it. i love you. jane fonda, "lee daniels' the butler" is in theatres august 16th. steve and monica ward join us next. they're in the bud light platinum suite. hey guys! [ cheers and applause ] ♪ have a cuervo. have an audience. you play very well. (cantonese) thank you. (cantonese) have a souvenir. have a sensitive side. have a second thought. just don't have any regrets. cuervo. have a story. [ female announcer ] only aveeno daily moisturizing lotion has an active naturals oat formula that creates a moisture reserve so skin can replenish itself. aveeno® naturally beautiful results. being better or worse? better! better! better! better! ok. and what are you better at? i'm better at telling jo

john. all of the iowa party leaders. the one thing i'll leave here is butler county. two democrats since the civil war, that's going change, that's all i can say. i'm here for three reasons tonight. the first is to elect my good friend. he's one of the best candidates in the country running for the united states senate. you all know better than anyone how he shares tom harkin's values. that passion for hardwork, the passion for people in the state. all we have to know about tom harkin in minnesota is one thing -- and that is when he was in the senate with paul wellstone, he was paul wellstone's best friend. thank you, iowa, for that. the second is how can you say no to a wing ding. by the way, those were great chicken wings. and the third reason, as bruce noted, is i'm literally only two hours from here and i can see iowa from my porch. when you really think about it, our states, minnesota and iowa have a lot more in common than a border, right? you have the iowa state fair going on right now where the most famous thing is the life-sized butter cow got a little bit of

butler, cecil, i'm inviting you as a guest. >> reporter: he became emotionally attached to all the first families but especially the kennedys. johnt was the first time you saw your father cry. >> first time. the first time, yes. >> reporter: following jfk's funeral, allen was with jackie as she celebrated her children's birthday. in times of mourning or in the midst of the nation's racial conflicts or a controversial war, allen was just a step away from power. yet the butler never sought attention and years later shunned multiple offers to tell or sell his story, until his wife passed away. >> you owe this to mom, man. i said, this is not about you. the fact that my mother wanted my father recognized and this happened, it means everything to me. >> reporter: dan lothian, cnn reporting. >> see that movie this weekend. >>> finally take a look at this amazing pictures of what are now believed to be the oldest known rock carves incarvings, they we discovered etched into boulders in western nevada and they say they could date back as far as 15,000 years. researchers aren't sure what the symbols mean, but they say few are deeply -- a f

butler in the white house through eight presidential administrations. now the star power of this film is practically blinding, mariah carey, john cusack, jane fonda, forestre all puffed up. your hat on your head. covering your ear, saying whatever you want. you need to go. >> what? >> get the hell out of my house! get out! everybody sit down. >> i'm sorry, mr. butler, i didn't mean to make fun of your hero. >> everything you are and everything you have is because of that butler. >> the movie is being greeted with critical acclaim, scoring a 73% on rotten tomatoes. and the "boston globe's" ty burr calls the film remarkable, not unremarkable for its unerring social portrait of a black middle-class torn by the stress fractures of an era. clearly not everyone here is a fan. mike lasalle of "san francisco chronicle" writing this, a nice idea for a movie but has a mostly silly script and some of the craziest and most laughable casting imaginable. >> what? >> still want to see it. >> oh, yeah. i want to see it. now a topic a bit more contemporary, steve jobs, "jobs" is a dramitization of the life and times of the apple founder. ashton kutcher brings to life job

butler" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. johnriority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has the selection of ben bernanke's successor on his plate now. aides say that won't come until the fall. larry summers is a leading contend