host: joseph califano, thanks for being here. we will take a short break and come right back with our financial regulatio series here on "washington journal." >> in his ninth 5:00 pm eastern time. jobless numbers are just in. jobless claims rose last week bringing the total benefits to the half-million mark for the first time since last forever. it is a sign that employers are cutting jobs again. stock futures are now falling on the news. the wall street journal reported today that the securities and exchange commission is suing new jersey, accusing them of misleading investors about the health of its two largest state pensions while selling billions of dollars in state bonds. that is the first securities fraud case against a state. the sec is also conducting investigations into several other states. in afghanistan, a u.s. service member has died in a bomb attack in the service -- southern part of the country. those are some of the latest headlines from c-span radio. >> "book tv" continues tonight in prime time with a look at for