karen moore says all she heard was silence. >> had absolutely no contact with them for over a year. >e appeared to be living a nice middle-class life in san antonio, but two years ago found herself deep in debt. that's when she saw something about credit solutions on tv. >> we dramatically reduce your debt. >> in this video, and on its website, credit solutions claims it can help customers negotiate with their credit card companies to pay up to half of what they actually owe. when you signed up with them, what did they tell you to do with your bills? >> they told -- well, they told me first of all not to pay anything. >> nothing? >> nothing. nothing to stop making payments. >> instead of paying her bills, karen was supposed to save a chunk of money to make an off tore settle her debts once and for all, but that savings can't didn't grow in the past, because credit solutions was automatically deducting its own fee, 15% of karen's actual debt. >> i'm out of pocket $2,080 and nothing to show for it. >> karen remained in the credit solutions program for 20 months and paid the company's fu

>> amazon, i love it. >> karen?> mco, short. >> go. >> watch my widget and i'll tell you why. >> thanks for watching. see you back here tomorrow. you're on the move [ f] and you're already up to a thousand yards in just half an hour. that's why you need a diaper that flexes in all the right places. cruisers with comfort flex. it flexes to fit in high motion areas, especially around the legs and waist. it's our best fit ever to help stop leaks no matter how much you move. cruisers, with comfort flex. ♪ from pampers. concierge claim centers. so i can just drop off my car and you'll take care of everything? yep, even the rental. what if i'm stuck at the office? if you can't come to us, we'll come to you in one of our immediate response vehicles! what if mother won't let me drive? then you probably wouldn't have had an accident in the first place. and we're walkin'! and we're walkin'... making it all a bit easier -- now that's progressive! call or click today. has the fastest hands boxing has ever seen. so i've come to

i have no idea how they'll service it. >> karen?>> furthering joe's point about natural gas i like the oil and gas exposure but more gas and i do think we have seen a bottom. you know, we get a hurricane -- i'm going with that. >> two things.. i did not know how low nokia got. now to hear $13 i tend to like nokia a little more and i'll tell you why. keep an eye on fun corp, oil fans.. got to keep an eye on it. >> thanks so much for watching. see you back here on monday. by 2010, 30%... of the data stored on the world's computers will be medical images. the trouble is all of that information is trapped. x-rays aren't talking to... medical records aren't talking to... patient histories aren't talking to... insurance forms. we're trying to connect all that data... make it smart. we would see the patterns in your medical history... in the histories of entire populations. predict dangerous drug combinations.

the reason you want the short exposure, jamie diamond, karen's boyfriend said it clearly. you still have banks and the regional banks are the ones that have the commercial loan and prime jumbo mortgage exposure. and that hits, melissa, that hits 6 to 12 months after the initial stages of the crisis because they can hang on in the beginning but now you're going to see the effect of that. that's why the regional banks. the city nationals, comericas. those are names you don't want to own. >> we have some reporting next week, u.s. bancorp, suntrust. karen, do you like joe's idea to go long to capital markets, go short the regional banks? >> i do, i do, because that commercial -- both commercial loans and commercial real estate, both of which the regionals like a bb&t have, you look at it today. the shopping mall reit, bad numbers, the stock was down 15%. what does that tell you?u? who lends to them? i don't know -- >> these are cumbersome transactions. a commercial transaction is not as easy to modify as a quick retail-type transaction. keep it in mind. this is going to be a b

karen asked the key question. what does it mean for the handset make sners it is the largest chip maker for mobile devices. >> i can't get excited about qualcomm. i normally have things to say. you've heard me be quiet the whole opening of the segment. today goldman was the real story with the warrants buying them back from the government. that changed around the whole financials, qualcomm i'll kick to karen on that. >> you like nokia? do you still like nokia? >> i do like nokia. nokia announced the big intel agreement. i don't know if this matters for nokia or not. i don't love buying something down two bucks when the guidance isn't great. usually i thought it takes a day or two to shake it out. >> there will be a shakeout, no doubt about it. but the question really becomes is the shakeout -- what do do you? do you buy the shakeout after a day or two? i believe you do. or do you go the other way and play from the short side? i think that's the wrong trade. >> in a case where analysts often have to wait for the nu

>> kim is wring to karen. do you think now is the time to get back i karen,hat ou say? had sold it all, but i didn't a actually that would be irrelevant. i do think it's a good te to get in. we boughsomeay, bought some stock and boughsome calls. pete in jacksonville writ i thought toy that alan forier was investing, would any of th traders follow suit? oh, heo. they're cuttg costs, raising premiums. greabalasheet. they'll y back shot. i hate chasing it, but wellpoint makes sense. do you like at? >> i do. finally a message from donn new yorkwith today ace sharp clin ice, is this a signal to buy or stay awa >> i think you wanto wait a bit. the exanges will move a little lower. >>> all right. you got your answers coming up, whether you should get into this na right now. plus the final tde iur first move for tomorrow. we'll be back in just a ment. >>> time n to reveal who made the most money today in the whole entire world? cording to a report published today, eddy lambert has been selling large bloc of his auzone stake. he has unloaded mo than $538 million in autozone. lam

karen out of sydney for us. >> karen raised an interesting point.the reality is that rio tinto almost did a deal with china chenlco for an aluminum stake but also to get closer to iron ore. i goent think this changes anybody's view whether they wanted to do business in china before or not. i think it shows the value in the ore company. rio tinto and bhp, they are cutting deals with chinese. i think great opportunity here and i think the steel trade is just starting to come on board going into the fourth quarter. weeg seeing steel prices rise around the country. if you look at u.s. steel and nucor. >> there you have it. >>> coming up, today marked the sixth consecutive drop of crude oil. don't declare it dead. >>> time now for what you've been waiting for, an oil trade that actually works. >> melissa, you have to cuddle up to the ugly duckling. you have to cuddle up to the duckling and the refinery section is priced for armageddon. we have not seen any increase in expectations. take a look at the names and buy the worst one, the one down the most. i

what are those documents and what am i looking for, karen? >> that's right. for a business opportunity, you're supposed to receive a disclosure form. and that has a lot of very good information in it. in particular, the history of the principles of the company. they need to tell you if they've ever been sued before. if they've been sued for fraud, in particular by the federal trade commission or other agencies. and they should also give you a list of references that you can call and ask them about their experiences. they also need to give you a very extensive list of prior purchasers. >> well, karen, you talk about people who are references. in this particular fraud people did get references but they were fake. how far do you go in checking out the references? >> you need to go as far as you can. you need to meet people in person. you need to open their books and take a look, and if they're asking you for money up front you really need to do your home work first. >> all right. so i need to see those references, see their results on paper. one of the problems

karen, you own hewlett-packard.. based on the fact that you think they're being very conservative does that mean that you think tech is going to continue its rally? >> well, i like -- i like hp. i'm happy to own it. i wouldn't be surprised if it trades up tomorrow. there is some that you can infer from what ibm says, but a lot of ibm's business is different than hp. it can't be bad. at worse, it's neutral. it's probably positive. >> if you own the cube, let's say, what is the smartest move in terms of not wanting to get out necessarily, but at the same time we've got lots of earnings ahead. >> it's more diversified as well. you've got a group of 100 different stocks.. with ibm, i agree with joe. i like it long-term. i wouldn't necessarily go out and just buy it here. you know, look out in august, out in september. something like the 100 puts. if you sell the 100 put, that gives you the right to buy that stock at 100. >> jpmorgan beating this morning. it's jumping 36%. shares did fall. we should keep in mind that jpmo

karen, back to you. . >> get this. someone has been drawing gawkers on the north carolina coast. >> he is about 4 or 5 feet long. brown. not very big. i mean, about the size of me. >> an alvate with body surfing waves at the beach. but if you have a vacation planned there. do not worry. the police arrested the gator and held it until wildlife officials came to get it. >> you are watching a man save a 3-year-old girl's life. the girl was in an suv with her grandmother, when the vehicle rolled over. >> it was funny, when i pulled her out of the car, dragged her into my car, and she said that was really scary, and i was thinking, you have no idea. >> the girl suffered bruised ribs and bloody nose but fine, thanks to don mcdonald's, grandma is fine too. >> like six-years-old, diana dreams of being treated like a princess, but she has terminal brain cancer and six months to live. the kids wish network took her by horse carriage to a local wal-mart to a $1500 shopping spree spree. at least for a day her dreams came true. >>

>>reporter: karen, they were involved in a benefit for at risk youth. the passenger kim felix is described as a former pta president, community activist, and an organizer for several charities. the 3 men were employees of a flight instruction company. tonight we hear from the teenager son of one of the pilots killed. >> he loved aviation. he really did. >>reporter: nile booth one of the flight instructor at advanced helicopter concept based at frederick airport. the flight originated from here yesterday and 4 people were honor board. they spent the evening in hagerstown at charity dinner. >> he was a really, really giving person. he loved to give back to society. >>reporter: hayden is just 15. >> time hours on earth giving back. >>reporter: best known for her generosity. she often ran fundraising events for the needy in frederick county. >> she never said no. she touched so many lives and she was just such a bright light. i can't even imagine all the holes she will leave behind. >>reporter: kim felix was the mother of 3 girls. nile booth leaves behind a

karen, stay with me. show and there will be no commercials. we're going to go two hours and sell insurance out of the back on 30 rock here and we'll insure anything. just send us money. >> we'll just drill off santa barbara coast. >> we're going to drill and sell marijuana and sell fraudulent insurance from the "morning meeting." contessa, we can't do that yet. what is going on? >> breaking news from capitol hill. ben bernanke, the fed chair is up and you see barney frank who is the chair of this house financial services committee. here is what the federal reserve chairman is telling them. that the outlook for the economy is improving. he says that he thinks the fed will be able to reel in its extraordinary economic stimulus to prevent a flare-up of -- but he says unemployment is going to remain high into 2011 and warning lawmakers that could, itself, zap consumer confidence and undermine any progress that we're seeing in the economy. we'll keep our eye on that and bring an update throughout the hour. >>>

karen, i'll get new here.kelly who writes for "newsweek" and talks about a study done out of hard verdict, i believe, called the implicit association test. which is what you're talking about. i see a black face a white face, i see whatever i see, i have a differently emotional and psychological response before i even have a thought, whether i'm a police officer. here is what they say, this is implicit association test. the iat, which that test, made a lot of news last year which the results showed that 70% of those who took it lasher harbor unconscious preference for white people over black people. i mean of all races who took it, including african-americans. >> absolutely. this is something that is spread throughout and interesting. some of the parents of these 3-year-olds saying i never taught my child this. i taught my child to be proud. but the images that these children see from television, in the magazines, reinforces -- >> how long ago was that study? >> about 40 -- >> answer his question. >> 1940 the o

karen, are we going to look at energy in energy? >> i think you're going to see energy to continue to pull back, which is not a bad thing. guy nailed it. we had the oih, the old services index went to down to about 90 and all the way back to 108 in a very short amount of time. so that it pulls back a few points today isn't that big of a deal, but i do see it's pulling back a little bit further, that wouldn't be surprising. above 80, we talked about selling some rig, i would still -- i would not buy rig yet. >> across the board, these energy earnings, they're not going to look good, going to be down 50% to 70% year on year. bp, you got that today. the refiner space which we've talked about in the last couple of days being long, now you have to move to the sidelines and get out of that trade because the refiners are not yet ready to rally. >> absolutely, you don't attack it from the red side. >> what is that a little trade school. >> as we said last night, it's a stronghold. >> stronghold. >> what you want to look at when you're looki

out to karen lynn madoff, probate and trust attorney. karen lynn, thank you for being with us., debbie rowe in the mix for claiming she's the bio mom and not just the surrogate. you've got the grandmother, katherine jackson, 79 years old. you've got diana ross as the backup guardian and you have the family obviously fighting and apparently siblings already have their hand out to katherine jackson for the money. now, if the money has gone to her, at least 40% of it, can she dole it out as she wishes? because apparently, at the end of her life that money is to go to jackson's three children. can she spend it at will? >> it depends on what kind of control and what type of terms are in the trust. for example, it could say the money is for her benefit. and therefore the trustees will pay for things that she wants. she may be required to submit a budget for things that she wants. or it may be outright distribution to her. we'll just have to wait and see. if the trust ever comes to light. >> to ellie jostad, our chief editorial producer. the nuts are coming out of the woodwork. we lea

and karen, i know obviously they're in broader industrials. with a name like flowserve -- >> even though i love the name, we have to trim a little bit. we saw that reaction in a lot of different names and they started to come back down. it was getting to the end of the day where the euphoria seemed to be gone. >> who is going to dtake a gandr at this point? who has courage? >> honeywell was led by g.e. today. >> literally $13 is a fair price because we told you the infrastructure business alone is 13-ish, and their capital is probably zero, so this is a right price for stock. honeyswell is a much better play because it doesn't have the capital arm attached to it. >> the stock was up today because they're going to get to keep the capital arm. that's why i get confused on that. >> the reason why is there is $557 billion worth of assets in g.e. capital's financial unit. do you really think g.e. wants to lose that 557 billion in assets and strip it all away? i don't think so. all they want right now is exactly what ge is getting. ge capital needs

karen parks is here now with the latest. karen? >> jennifer this is a sold out game. there will be more than 70,000 fans in downtown baltimore. and traffic could be tough. the baltimore department of city transportation said traffic and parking modifications will be in effect for friday night's game that starts at 8:00. all parking restrictions and residential permit parking regulations will be strictly enforced. the city traffic chief said traffic will be more of an issue friday night because many of the fans and visitors coming into town are not used to getting in and out of m&t bank stadium. but mta said they have the answer. >> you have a situation where you have thousands of people coming, and our light rail trains take you right to the front door of all the action. >> the awe stadium parking lot will be open at 4:00, and the gates open at sessions 30. >> karen parks, fox 45 news "late edition". >> well, the search is on for two men in the violent attack on a woman in downtown baltimore. attack happened after day break at pratt and sharp street near the conventio

karen's a friend. you can say anything you want to say to karen. want either of us to be hurt. i want both of us to come through this and move on. >> i don't want to take innocent people's lives. >> well, then do you have your wife there, ex-wife? >> because she had her head on my shoulder and i waited three years for that, and it was worth it. on my last day, it was worth it to me. there's nothing at risk to have a priest at the police station giving her her last rites. >> i don't understand why you want a priest to give her her last rites if you're going to harm her. >> they're going to call my bluff. they're going to storm the house. they're not going to let me continue this much longer. >> she had to have been terrified. what was your sense of how she was handling this situation? . >> i thought it was amazing that she was composed enough to spring together sentences, honestly. and i was so happy that he put her on the phone so that she had a voice and she had a say in what was going on, as well. >> and karen, nancy did eventually escape. explai

thank you, karen, for holding the flag down there. anyway. todd harris, thank you, sir. what a good sport you are to hold the flag as the party goes down. >>> coming up, with the august recess upon us, what will members of congress face when they go home? well, angry mobs apparently are disrupting the town hall meetings all over the place. tough new ads running against everybody. i think they're going to go on vacation myself. hi, may i help you? yes, i hear progressive has lots of discounts on car insurance. can i get in on that? are you a safe driver? yes. discount! do you own a home? yes. discount! are you going to buy online? yes! discount! isn't getting discounts great? yes! there's no discount for agreeing with me. yeah, i got carried away. happens to me all the time. helping you save money -- now, that's progressive. call or click today. >>> coming up, how big a role did karl rove play in the firing of those u.s. attorneys during the bush administration? a new report suggests larger than we thought. you have questions. who can give you the financial advice you nee

karen?a really nice move in outperforming the underlying which it has done in the last several days. and he nailed this one. i think it traded just below $90. said it was a buy at $90 or lower. now it's $99. >> on the beach. got a pop here. for steve young, retired football star and two-time nfl mvp might have thrown plenty of touchdowns, but after closing with hudson global capital's first son, he will be helping to throw down some cash. the quarterback assisted in raising $1.1 billion along with his partner, gary crittendon, amid the drop in the private equity industry. >> i'll take that. >>> the pop for the emerging markets, eft was up 5%. >> and everybody is chasing after this asset class. the number one performer in the world. >>> cadence pharmaceuticals were up 5%. >> priority review status over the new drug. it accelerates the entire process for them. a big pop for them. they might not be over. >> a drop for abbott labs. joe? >> we've talked about big pharma, the problems that they wi

thank you, karen, for holding the flag down there. todd harris, thank you, sir. what a good sport you are to hold the flag as the party goes down. >>> coming un, with the august recess upon us, what will members of congress face when they go home? well, angry mobs apparently are disrupting the town hall meetings all over the place. tough new ads running against everybody. i think they're going to go on vacation myself. you're watching "hardball" only on msnbc. 100 potato chips... or 100 pringles. both cost the same, but only the new pringles super stack can makes everything pop. same cost, but a lot more fun. everything pops with the new pringles super stack can. >>> coming up, how big a role did karl rove play in the firing of those u.s. attorneys during the bush administration? a new report suggests larger than we thought. that's coming up here later when "hardball" returns. has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web

here to face-off are democratic strategist patrick murphy and republican strategist karen hanretty.ou. does it help or hurt to have michael steele at the helm? >> i think it helps the gop. i think having a former office holder, lieutenant governor of maryland and african-american and he's done great job of being out there and being the new face of the party. the big question for michael steele is the party following him or is he just a hood ornament for the republican party. >> karen, your view of michael steele. >> well, the good news and the bad news about michael steele, right? the good news is, yeah, you know, he is out there raising a lot of money for the rnc. you know, i think a number of people are surprised how well republicans are doing with fund-raising in this down economy when we don't control anything. the other good news is i don't think most americans actually know who michael steele is right now. i think that's probably a good thing because you know, the things he says i think obviously, are not well thought out. and you know, and they force republicans like me to go

karen gray houston. back into you. >>> the man accused in the deadly shooting of the holocaust memorial museum still can't come to court but he might be able to be there or a hearing on july 30th. he has a bullet lodged in his jaw. the police department said he was bedridden this weekend but can talk. >>> there will be a beefed up presence for all hands on deck and puts every police officer on duty. it comes on heels of a violence 4th of july weekend. the mayor and police chief -- and police chief made the announcement today. >> the number one thing the police department needs to do is be out in the community, being proactive, engaging residents, preventing crime and following up on tips after crime happens. >> during the last all hands on deck, police made 500 arrests and seized more than $45,000 worth of drugs. >>> from bankrupt to rehab in 40 days. gm out of bankruptcy in a surprisingly short amount of time. they say a 20% reduction in work force is next. 6150 employees in this case. a website to allo

. >> karen lawrence is joining us right now.en, first off, you had a little bit of history with this man. you did know richard shenkman casually. what on earth is going through your mind that this is happening? >> i was panicked that he was going to kill his wife and kill himself and take anybody else out that he could possibly take out. he was crazed. >> did you based on what you knew of him because as i said, you did know him. did you think he was unstable you? were very concerned that this could go in any direction, huh? >> i'm the court reporter here. and i've been covering his nasty divorce and an arson case. and he's been growing increasingly unstable and had promised me during several other phone calls that something big was going to happen. >> richard shenkman called you for times that day. and at three of those times he actually did let you speak to his ex-wife nancy. i want to play for our viewers some of that. listen. >> i don't want to control you, nancy. you can say anything you want to say to karen. >> then why do

karen? >>reporter: well, police say 32-year-old charles attempted to solicit sex from a 14-year-old. and all of this started with a text found by her parents. now detectives say they were contacted july 6 from the victim parents about inappropriate text messages being sent from 32-year-old charles ride to the 14-year-old daughter who is the sister of one of the players on the team he coaches. police say he requested explicit pictures from the girl and asked her for sex. the undercover detective assumed identity of the girl and set autopsy meeting and that's when he was arrested. he is charged with sexual exploitation of child and possession of child pornography. >> this is a soccer coach who parents trust. he has breached their trust. by doing this and now we are just concerned that maybe more victims are out there. we certainly hope not. but if there are we do want to know about it to find out what is going on. >>reporter: he coached at the greater baltimore soccer club and our lady of moun

>> k kims s wring to karen. do you think now iss the time t get back in? karen, what do you say?ad s sol it all,t i didn't and actctlllly that wod irrerelentnt. i dodoththin it's good time to get i we bought some toy, bought some stock an boughtome cacall >> pete e jacksonville e wresei thought todada t tha a an forier wasinvesesngng, wouldananof the traders follll s sui oh, hello. th'r're cutting costs, raising premiums. grtt balance sheet. they'll buy backshotot. i hatechchasg it, b wellpoint kekes nse. do you like ththat? >> do.o. finanall a a message frfr don i new w yo,, with today a sharp deine in ice, is this aaigigna to buy or stayay ay?y? >> i think y w wan to wait a a bit. e exchanges will l mo a a ltle lower.r. >>> all righgh you gogotouou aners. coming p, whether y youhould get into is name rigight now. plus the finalal trade i your first move f foromomorw. we'll bebeacack just a moment. mr. evans? this s is janice from onstar. ututatic signal i havn you've been in a arorontnd crash. do you neeeed lplp ah. ll contact emergency services and stay with youou. you okay? y

that's the word. >> matt lewis and karen finny. very nice spirited debate. >>> coming up they debate his performance after six months. now our political panel will weigh in also next and 97 illegal immigrants found crammed into a refrigerated trailer arizona. we'll have that story and much more next. every day, transitions lenses are there to help care for my sight. announcer: transitions lenses adjust to changing light to reduce glare and help protect your eyes from uv damage so you can see better today... and tomorrow. live your vision. transitions. healthy sight in every light. to learn how transitions lenses can help protect your family's eyesight, go to our website or stop by a wal-mart vision center near you. >>> arizona authorities found immigrants crammed inside a refrigerated truck. they found 97 illegal immigrants including children as young as nine and they were sitting among palettes of mangos and it was just above freezing. the illegal immigrants are in custody. >>> well, there is a new bipartisan push in congress to m

it sounded legitimate. >> reporter: and karen is not allowed.d a class action lawsuit. can you tell me what percentage end up paying the fee and never get their debt settled >> great question. i don't have that number, i can look it up for you. >> reporter: she never did answer the question but she defended her company's business practices. is your company taking advantage of people who are deep in debt and can least afford it? >> absolutely not. we have a proven record of success and hundreds of thousands of people who have successfully completed our program. >> reporter: but it's a different story at the better business bureau in dallas where credit solutions is based. >> these are all the complaints that we've received on credit solutions of america from people all over the country who are dissatisfied with the service that they got. >> reporter: about how many people have we heard from here in this stack? >> we've heard from 1,600 plus people in the last three years, the last 36 months. >> reporter: the bbb says there's a pattern, people pay

karen moore said all she heard was silence. >> i had absolutely no contact reporter: karen moore r.red to be living a nice, middle class life in san antonio but two years ago found herself deep in debt. that's when she saw something about edit solutions on tv. >> we dramatically reduce your debt, get you out in three years or less. >> reporter: in this video and on its web site, credit solutions claims it can help customers negotiate with their credit card companies to pay up to half of what they actually owe. >> when you signed up with them, what did they tell to you do with your bills? >> they told me first of all not to pay anything. >> nothing? >> nothing. to stop making payments. >> reporter: instead of paying her bills, karen was supposed to save a chunk of money that could be used to make an offer to the credit card companies to settle her debts once and for all. but that savings account didn't grow very fast because in the meantime credit solutions was automatically deducting its own fee, 15% of karen's total debt. >> i'm out of pocket $2,088 and nothing to show for it. it s

karen? >> well, jeff, police say 32-year-old charles fridel attempted to solis sex from a 14-year-old and all started with a text found by her parents. now detectives say they were contacted july 6 from the victim's parents about inappropriate text messaging being sent from 32-year-old charles fridel to their 14-year-old daughter that is the sister of one of the players on the team fridel coaches. police say he requested explicit pictures from the girl and asked to meet her for sex. undercover detectives assume the girl's identified and continued to have conversations with fridel. set up a meeting and that's when he was arrested. he is charged with sexual exploitation of a child and possession of child pornography. >> this is a soccer coach that parents entrust. he has breached their trust. by doing this. and now we are concerned that maybe more victims are out there. we hope not. but if there are, we want to know about it to find out what's going on. >> fridel coached at the soccer club and

>> is thisellwether in your view, karen? does it mn that markets tomorrow -- keep in mind alocoa is the smallest on the dojos indurial average because its share price is t smallt. >> i don't put whole lot of stocin this as being a great irnd indicator for what we' see in the weeks come. >> managing the bott line, they did that veryell, nothing? >> that's the key with aminum. people believe the's supply, 5 to 10%way. they need tong that down. >> i belve the earning season is going to be about how companieare maging the bottom le and cutting back. >> oh, i think the earning season will be about olook. i think the st quarter wasn't great and the beginng of the quartes particularly -- it did improve -- >> we're 1 for 1. >> feels good, america. so far we haven't gott any headlines on thelook but rebecca jarvis is listening on t conference call and tweeting. we the check with h for evidence -- >> like we are running a telethon. >> go to a good cause. >> we'll check in wi rebecca later on. back to the markets, s&p 500 hitting the l

. >> chris, it's karen. what do you think about another problem area, specifically california, wells fargo? what are you looking for for them and what will be the problem area for them? >> wells fargo is knee-deep into the consumer issues as everyone knows. i don't think that's new news. they'll have the revenue growth to offset the higher losses. we think wells will clearly have a good quarter from the mortgage side of the business and that might not be sustainable into the third quarter and we think it can beat on the margin and the income. they do have investment banking and trading opposition. so we think there are more levers on the revenue side for wells fargo to offset the higher cost of credit. >> from the other regional banks that don't have the capital markets or don't have the mortgage pipelines, they don't have the revenue to offset it. we think it is positioned fairly decently. of course, when you look at the

i'm cnn meteorologist karen maginnis. for the space shuttle, there's about a 70% chance it will be a go at 7:13 this evening. however, we could see some of those isolated afternoon thunderstorms. it's already been delayed for three times now. hopefully sunday afternoon the weather will cooperate. as we go into the afternoon hours, the heat is going to be on across the south central united states. readings well into that 100-degree range in dallas. looking at just about 103 degrees. houston, just about the same. but the heat index values will make it feel like 110 to 115 degrees. so excessively hot. here's the frontal system that's going to be responsible for some thunderstorms across the tennessee river valley. severe thunderstorms possible there. also across the northern tier states from south dakota in towards topeka, kansas. the hot weather remains in effect across the south central u.s. and the desert southwest. however, yesterday, first time all season long that tucson, arizona, has seen 105 degrees. it's taken a lon

karen, i'll just tell you what that seems to be about.hose that are vying to have his body or his remains buried at neverland want to create another graceland like where elvis' estate is to make money off of it. everyone that knows anything about jackson even from 2,000 miles away has heard him say that after the police raid following child molestation charges he felt he never wanted to return to neverland. end of story. so why? why else would they insist on burying him there? >> well, nancy, i think so much of it is about money. that's what the family wants. it looks like those members of the family are definitely interested in money and when you think about his addiction, where did that come from? that's from people that he has money and power and they want to be around him and so people do what they want. it doesn't have anything to do with michael jackson anymore. >> what about the fact that these doctors that were feeding him these drugs were making money off of him. look at the stars that have died because people enabled them. it go

there's more to karen's story. karen has a stable full-time job earning a salary of $31,000 a year plus benefits. she falls right into the range of what we call middle-class working americans. at first karen's health insurance premiums were affordable. they reduced her paycheck by $52.50 twice a month. $105 a month. however, costs for that health care have risen dramatically over the last few years. karen is now paying over $300 a month for her premiums alone. remember, she makes $31,000 a year, gross. this doesn't include the $500 deductible for her share of costs for office visits and prescriptions. the yearly cost of health care for karen and her son is now so great that it's hard forer to keep up with other payments that she has to make, just the basic necessities: food and gas for the car and car payments. she's barely scraping by. she refinanced her condo twice this year just to stay out of credit card debt. she's tried everything to bring down her health care costs. she's looked for other health insurance op

thanks again. >>> to the big question, karen. not a lot of rain in sight for the state of texas. >> no. take a look at this. we've kind of zoomed in on the state of texas. from dallas, extending westward, south westward along the interstate, pretty big thunderstorms here. in the past hour, more than 2,300 lightning strikes. let's move on and show you what's happening further toward the north. what we're looking at is a lot of drought, as we just mentioned actually. i'll show you another graphic in just one second. corpus christi has seen less than a quarter of what they would normally see for this time of year. they really desperately need the rainfall from about corpus christi towards brownville. here are some of the other rainfall deficits that we've seen. you can see in some instances that is more than, or less than half of what they typically would see for this time of year. also some pretty big storms being reported further to the north. we're watching flash flooding across portions of the dakotas, into the northeast in new

. >> hello, i am karen parks, jeff barnd is off tonight. federal investigators are trying to figure out what caused a helicopter to crash on on interstate 70 killing all four people on board. it happened last night on the eastbound lanes of i-70 about 10 miles east of hagerstown. jeff abell has the latest on the investigation. >> 15 minutes after it took off from the hagerstown airport. this four seat robinson 44 helicopter crashed on interstate 70 and burst into flames. there were no injuries on the ground. but all four people on board were killed. >> the helicopter was flying east over interstate 70, it impacted power lines that i understand were about 70 feet above the ground. before hitting the ground. witnesses report areed that the aircraft was flying very low. that they saw sparks. flying before the aircraft hit the ground. and then a post crash fire, that substantially damaged the aircraft. >> if he had ram investors are probing the maintenance records and pilot records. and reviewing weather conditions at the time of the crash. >>

. >> karen and i have been looking at this thing. look at american express, what's that housing number? >> whoa, we're going at it. >> what does that housing number show you today? there is stability in residential construction. you are witnessing the residential side, we've passed residential to commercial. >> way too early to go there. >> i think it's the inventory numbers, pete. 12.4 months in january, today it's down -- >> i'll tell you what those are going to hit like a hammer. >> let's say you're long some of these home builders, case-shiller out tomorrow, what do you do ahead of that? >> sell them, take them off. >> you agree with me. >> you absolutely don't want to hold those home builders, but i think it comes down to the commodity trade as you pointed out whether cemex to a global, caterpillar because of the exposures they've got there, but i'll tell you what, the home builders, no way. >> the point we keep talking about. if we wait for these numbers to absolutely show improouflt, you're too late. >> i actually don't own it