at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. you walk into a conventional mattress store, it's really not about you.

including the president, mike lynch. hello, mr. lynch! yesterday, we approached lynch at his rural home near his operation's headquarters. he told us we were the first to bring him the news of the california complaint and said he'd have something to say tomorrow. all right, we'll see you tomorrow. >> okay. >> reporter: at 8:00 this morning, mike lynch was at his office, telling us as soon as he talked with his lawyers, he'd be happy to answer questions. mr. lynch, drew griffin. >> hi, how are you? >> reporter: i'm sure you're aware of the serious charges being -- >> not yet. i'm waiting to talk to the attorneys. i haven't spoke to anyone about this. >> oh, really? >> so as soon as i speak with joe and them when they call me this morning, i'd be happy to speak with you. >> reporter: four hours later, michael lynch said this -- >> i have a statement that i have prepared. it says, we hope that these unproven allegations will not diminish the more than 40 years of service hhp has provided to our nation's most valuable treasure, our veterans.

. >> this references a lynching. the lynching of 2 couples in monroe, georgia occurred july 25, 1946. it's now referred to has the morris ford lynching. insurance man, 1946. silos you might not be here april. ain't none of us never promise said tomorrow. if you died you would need a will. that way you control your nickel when you are gone. get your ducks in a row you might not be here come april. yeah, your policy is up-to-date and we will pay say if you lose an arm at the elbow at the mill. if you died you need a will. double pay for accidental deaths we have you down. your wife will not need to borrowo. you might not be here come april. being alive is enough to get you killed. do you hear about the folks in monroe? if they hang you from a tree you need a will. your folks won't have to worry about a meal with this insurance when that day of sorrow come. silos you might not be here april. if you died right sudden you'd need a will. >> this next is titled no one's real high button. >> beat, beat, beats here the sound

mcgill lynch joins us now with more information. -- night in lynch joins us with more information. >> hear to the tool years before and after turning 40 are the peak two years before and after turning 40 are the most difficult for women. >> i see that all the time. >> weightlifting seems to be a huge thing that we need to do. >> yes. i do not think walking is enough. you have to do weight-bearing exercise to increase your muscle mass and your metabolism. >> so, contrary to what some people believe, you can increase muscle matter what age. >> absolutely. >> it will also support your bones as well. >> yes. that is why i like talking about swimming. you have a resistance against the water and that is really good for your bones. >> does your body into a certain point where it says this is where i want to be? are we preset in that way? >> everybody has a comfortable weight. not everybody will be a size 8, but you can get down to your body mass index of 25, which is great. that is what we want to shoot for. >> good tips. >> anything else? >> it close to the ground. -- eat close to the groun

he is the runningback and lynch is african-american. he told tmz he believes there is no dash-cam video because maybe the officers turned off the camera. chp denies the allegation and lynch has pled not guilty. >>> a number of sea otters out here in california is on the rise. a study was completed this june, scientists counted 2400 otters and that's more than in 2010. poor weather conditions aaccounted for the number last year. >>> 5:15 a new sign they are cutting back, they have sold off two of its brand. valley of the moon winely and lake sun noma was produced on the same property, they are being sold to west coast wine partners. the two branches produce 4 5,000 cases a year. >> red wine may help keep senior citizens from falling. there is a new study by the chemical society which claims win of the health benefits in drinking red wine is increased mobility in senior citizens. researchers came to that conclusion by studying mice and they were able to walk across a line after consuming a certain chemical. >>> and you can see video of br

at merrill lynch, we understand the importance of your goals., our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> love this story. deutsche bank is going to claw back senior bonuses. not the first bank to do that. here is the twist. bankers often receive bonuses in the form of stock to be cashed in later. right? if they switch jobs, the new bank exchanges its own future shares for the old ones in the form of compensation. to lure them over. >> because our work -- i'm working here and i have all this vested stock. you want me to go over there? you are going to have to pay up a lot of money to get me to go over will. >> now deutsche bank wants to claw back that unrested stock even though it represents bound bonuses earned at the previous time. >> john calls this outrageous. several cases against deutsche bank. they are

i found bill through merrill lynch. i was walking through telling everyone i wanted to be a hedge fund manager. the guy was like, i know a guy who used to be a hedge fund manager. i came out to the class and i was like, i started learning a lot more, i started learning about how to evaluate companies, how to present companies, ended up giving me an internship at thomson-reuters and he also influenced me. he was a big part in influencing my taking the gmat exam, in the 96 percentile. -- 96th percentile. it means if 100 people took the test, i did better than 96% of them. 96 of them. [applause] i wanted to also throw in there, a 10% of the people in the united states go to business school. that is the top 96 -- 4% of 10%, you see what i am saying? i am cool with math. bill has been instrumental in telling me -- not telling me but advising me of what business school to apply to so i am applying to stanford, harvard, it may have heard of them. and warden. i grew up in hunters point. that is right. i think this program like

lisa lynch, let me start with you.king first at the overall number of job gains this was better than expected, right? >> absolutely. we saw strong growth in the economy in terms of jobs, and across a variety of sectors. and economists had been forecasting much slower numbers given what we had seen in the prior three months of pretty weak job growth and information that we had about the growth in the overall economy, the gdp growth being pretty weak in the last three, the prior three months to this employment report. >> brown: now lisa, at the same time, the rate inched up in spite of that hiring. explain that to us. >> well, it was interesting. we learned a little bit of math today. the unemployment rate was reported as going up from 8.2% to 8.3%. but when you actually dig into the numbers, the unemployment rate went from 8.22% to 8.25 percent. and then the bls just rounded it up to 8.3 percent so we had 3/100 of a percent increase in the unemployment rate that is essentially no change whatsoever in the unemployment ra

that's merrill lynch. . >>> happy monday, everybody. let's get to "street talk" and starting with intel and an annual igs alyst is raising con about this company. >> cutting estimates this morning blaming weak consumer demand. he did note that intel's executing fairly well in gaining market share and slowing pc trends as well as falling selling prices hurting the name. a $24 target on it, about 90 cents lower and cut estimates on amd. >> indeed he did. tiffany's with earnings before the bell today. u.s. customers unfortunately spending less due to the economy. >> kind of a bad, not as bad as we thought news story. stock rising despite missing eps and sale consensus. not as bad as feared. some saw them dropping more and the company does see a resumption of earnings growth in the fourth quarter. you're going to open up five new stores in the second half of the year and tiffany up 7.5% on an earnings miss. >> yeah. bad but not as bad as feared and also amazing worldwide they're going to open 28 new stores by the end of the year up from 24

at merrill lynch, we understand the importance of your goals.oday, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number store's biggest sale of the year. not just ordinary beds on sale, but the bed that can change your life on sale. the sleep number bed. never tried this before. this is your body there. you can see a little more pressure in the hips. take it up one notch. oh gosh, yes. when you're playing around with that remote, you get that moment where you go, "oh yeah" oh, yeah! ... and it's perfect. right now, every sleep number bed is on sale. queen mattresses now start at just $599. and f

and the foundation on which merrill lynch has been built., our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >> with 30 seconds on the clock, our next guests tell us what they think will move the markets. 30 seconds. what happens tomorrow, do you think? >> if the numbers show weakness, traders might bet on jackson hole speech being surprisingly aggressive. alts after we failed to hold a new four-year high, you got to see the s&p stay above 13 0 for the rest of the week. pandora outperformed and is going to beat consensus and you got to buy the stock in front of earnings tomorrow afternoon. >> we will have the numbers for you tomorrow. >> stephanie, you're up. 30 seconds. >> looking at three economic day a paints. the gdp revision. i do think it will be revised higher on better home sales. i think a 1 in 7 seven is mo

at merrill lynch, we understand the importance of your goals.advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> you're watching "worldwide exchange". these are your headlines. tropical storm isaac expected to become a hurricane as it approaches the florida coast. it's 180 miles from fort myers. >>> samsung electronic shares take a tumble after the tech giant is found guilty of infringing six of seven apple patents. >>> german's key economic index weakens and falls to its lowest level since march of 2010. >>> tropical storm isaac will miss most of south florida. heavy rains and winds causing problems in tampa which is the site of the republican national convention. gop will formally nominate mitt romney as its presidential candidate. the convention will be formally convened this afternoon and then go into recess until tuesday. joini

>> no, not from the president who you saw there, soledad, mike lynch. not from the charity's attorneys today. we e-mailed them. tried to reach them. we just have a posting on the group's website. this is what it says. while disappointed in the recent accusations leveled against the company, hhv looks forward to responding with facts and information that should change the current perception of hhv for those who are willing to listen. boy, we have been certainly willing to listen to anything they want to say, soledad. we just can't get any answers from them. california's attorney general basically asking all of the officers of that charity be removed immediately. we may not get any answers from this group till they go to court. >> so, in the meantime, you've been getting some positive feedback and positive results on the reporting that's been done on other charities as well. >> yeah. we're going to leave you with a good, positive story. we've been featuring a small charity in birmingham, alabama. a little group called three hots and a cot. the group sent

. >>> an attorney for marshan lynch claims race may have been a factor when lynch was arrested last month in oakland. two white chp officers arrested him for dui. according to tmz,'s lynch says the their racial differences may have made a difference. the chp says they pulled him over because he was searching all over the world. is and why was there why -- and why was there no camera? the camera was turned off. lynch was pleaded, noth -- north, by the way. >>> here's photos of the 27- year-old prince in his las vegas hotel room. he looks neighborhood in the photos with another woman. the pictures were paid in -- the pictures were taken while a game of strip pool was being played. >>> the los angeles county coroner has made a significant change to the death certificate of natalie wood. the actress died in 1981 in the waters off catalina island where she was boating with her husband, robert actor. her death certificate -- robert, the actor. her death certificate now says "other." >>> here's a first, mineta san jose airport will be the first bay area airport to welcome a boeing 787 dreamliner

it is a cayman islands lynching.: a lot of people talked about this was border line violent imagery. throwing the president out of a bar. we would throw him out. >> we don't want your kind here. >> yeah. >> what is he? c3po all all of a sudden? >> that was an al gorean racism. >> welcome delegates to the 2012 republican convention. set your watches back 400 years. [ applause ] >> stephanie: somebody moved my recycling. in fact, let's see. we have -- someone does this every year. i believe rachel maddow's staff sent me this. most wouldn't sit and watch the whole thing. 8:30 music. trample by ted nugent. 10:30, women's rights, what's the big fuss, little lady? dominated by eric kantor. 11:00 a.m., why i'm holier than thou ministered by rick santorum who remains a colossal [ bleep ] as charlie pierce would say. >> the curse of irrelevancy solved by john boehner. my gun's bigger than yours or is that a politician in your pocket. lunch provided by chick-fil-a of course. 12:30, how to make the united decisions. time paid f

. >> brown: joining us now is colum lynch, who covers the u.n. for the "washington post." and randa slim of the middle east institute. she's met with members of kofi annan's team and has regular contact with the opposition inside syria. >> brown: we start with you, the new diplomacy was to the going well but what happened here. was there a final straw that led to kofi annan's decision? >> well, i think that everybody has anticipated that he had rewould resign, it was just a matter of time. the final straw was the veto in the security council last month. it was a clear indication that the big powers were split on this issue. that they weren't going to be able to agree on a concerted approach to resolving the crisis. and i think at that point kofi annan just decided that if i don't have the backing of the big powers that's-- that there's no way we can apply pressure on the parties to calm and cease shooting at each other. >> brown: colum, the language we heard, fairly strong language, fingerpointing, name calling in the security council. how unusual is that and who is he cal

. >>> lynched in plans to set up a new -- number three, lynched inplans to set up a new campus in sunnyvale build massive offices on north ma [ unintelligible ] [ unintelligible ] [ unintelligible ] tell >>> isaac is going to flood mississippi and bahama, another seven inches of rain. at home, -- clouds at the coast otherwise dry, partly sunny at the coast low to mid 60s, sunny bay, 70 to 80. >>> final check bay bridge toll very normal delay and that means it is backed up to the maze lot more traffic these past couple of weeks with folks back-to-school and work. >>> thank four joining us for this edition of the abc7 morning news. >> download our new alarm clock app for your iphones

that's merrill lynch. rsh we have had nothing but a very, very tight range.hat is where we have been for the month of august. now that we're getting towards september, i think you can expect to see this vix really move around quite a bit. so, what should be at the top of your september watch list. joining us now is michael. five star portfolio manager. 17 billion under management. michael, what is on your september watch list? >> diversification, i think, given all the factors you mention. i might take the opposite side of that argument and say with so much going on, we have had a light volume summer and maybe that continues into the fall until we sort out all of the various things from our elect n elections, the fiscal cliff and more. there is not a lot of clarity for investors right now. >> diversification could mean a lot of things to a lot of people. >> we would not advocate those two strategies. our portfolio holds a vierity of things. i think what we're trying to do is balt lance out inflation al reason value based on earnings. q2 earnings are not as ba

at merrill lynch, we understand the importance of your goals.our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >> sit the moment you have all been waiting for. our trade of the day. we have no idea what's behind that curtain. >> it's microsoft and here is why i like it. i mentioned that i wanted to get long in the market and i want it to be safe. i think it will do well. further more, there is nothing in it for windows eight. mobile phone marjt with windows operating system because other venn tors may be afraid manufacturers to design in the an droid system. >> why would they go to iphone? why not the microsoft nokia partnership. >> they are a premium priced product. not everybody can afford it. for teleco, iphone is very, very expensive. >> what about you? >> windows 8 is going to be a success for them. >> windows eight