. >>> and manhattan home prices up sharply on short supply. the median cost of an apartment in new york city up nearly 5.5%. it will cost you $865,000. and if you want a private home in manhattan, that's going to cost you about $5.5 million, up more than 50% from just a year

that could temper general price gains but high-end manhattan apeea appears to have no limits. >> for more on the manhattan real estate market, log on to our website nbr.com. >>> it's not just the housing market seeing big gains this year. auto sales are also in high gear, and show no sign of letting up. they are on pace for sales of nearly 16 million units. this is the most since the year 2007. detroit's big three each reported strong gains in sales last month led by smaller fuel efficient carps, pickup trucks, and crossover utility vehicles. chrysler sales rose 8%. a chevy dealership we've been tracking. we hear so much about demand that's driving sales. everyone says because the average car on the road is so old. but really, how much more demand is left out there? >> quite a bit, susie. i talked to economists looking at numbers. the average age for a vehicle on the road for the united states is under 11 years, and not dropping any time soon there are a lot of people driving old vehicles and think about this, susie, 20%, 20% of the vehicles in the united states are at least 16 years

they came to manhattan and other parts of the united states. by 1814 there were 15,000 jews in the state the vast majority of term were hasidic jews, then came the second generation on a much larger scale, families like the oppenheimers and the goldmans, the sacks, many of those families, their hopes were realized, they came to germany, some of them penniless, within a generation they were some of the richest 22 in the united states and certainly didn't feel held back by their german this or their jewishness. the german jews by 1880, 280,000, far larger, and they were ambivalent about this because suddenly the german jews were the acknowledged leaders of the jewish community. in new york city as well as in the rest of america. then came the third migration. this is a different kind of thing, polish and russian jews, not looking for a blank sheet of paper or a fresh start but literally fleeing for their lives. vast hordes of them, the huddled masses as it were between 1880 and 1920 and the numbers on a different order entirely, two.five million.

jersey city is much cheaper to be than manhattan, right? >> [inaudible] >> that is a very good question. i don't, i don't know the answer to that. i think it's a really good question. san francisco still has fairly vibrant scene but it is not cheap. san francisco has become quite expensive. there are people in chicago. that is not as cheap as it used to be. all cities are going through this process. they're all remaking themselves as, affluent, tourist-friendly, family-friendly, generic, 21st century cities. nodes in the global, you know, the brave new world. i think it is making it very difficult to find places to be and do work. >> i will ask the question anyway. so where is, name a greenwich village today? >> see that's a very good, i don't know the answer to that i mean the closest we have, bush wick and bed sty. kids out in flatbush. jersey city. it was hoboken. it got too expensive. it was williamsburg. it got too expensive. and we are seeing now that bush wick is getting too expensive and bed sty is getting too expensive. they will b

>> not dram clickity here in manhattan.e country it's a different story because it's a tough tick up. here they can wetter a little better. >> great you have to here. got to come here more often. >>> investors pulled billions from his hedge fund last month but steven cohen's still beating his rivals when it comes to returns. the latest numbers for you. >>> and would you invest in these guys? they want your number. see what they are selling coming up on "power." announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on

they really wanted to be in manhattan and have their offices in manhattan. it was going to take them too long to get back and forth to the suburbs. they even dislike commuting from manhattan to queens and so they became more acclimated to being in the city them being in a suburb. the new yorkers were very skillful and investing so much in renovating the world's fair grounds buildings that they could say look we have already invested millions of dollars and so we should stay here. they eventually it put a sign on the building that said welcome to new york. so they step-by-step and is the suburbs pushed to the u.n. out the new yorkers were ready to catch them. so as they toured that last time they were willing to look at san francisco now. the presidio looked pretty good. they were willing to look at philadelphia and they were willing to look again at boston. it was the gift, the $.5 million that made it that particular location that deep in midtown manhattan. thanks for that question. >> charlene, i couldn't help but notice that all the boosters were pretty m

now, a week ago it was all but certain that the position would be filled by manhattan borough presidenttt somebody or other. nobody knows. it doesn't matter. and a week ago it was also all but certain that there was no way that we would be covering this race on this show, but then this happened. >> the former new york democratic governor eliot spitzer is trying for a comeback. he launched a petition campaign today in a bid to become new york city's comptroller. >> john: that's right, eliot spitzer is running for office again, and i've got to say, that is a bold move for man still living down the hideous, embarrassing, career-killing incident where he and a... i don't even know how to say this. you must remember, he co-hosted a cnn show with kathleen parker. [laughter] the shame he put his family through. oh, and of course there was also that thing when he banged a bunch of prostitutes with his socks on. it's because of that last little sexual snafu that spitzer kicked off his campaign by going on jay leno for his official hugh grant memorial prostitute apology tour. >> how did you make

and as a kid from the upper west side of manhattan, she had no prior experience in it. >>> up next for us here tonight, how more and more teachers are teaching without any students in the room.

the recent manhattan borough president to be mayor of new york city was david dinkins.tulations to jim. we will be right back. ♪ even superheroes need superheroes, and some superheroes need complete and balanced meals with 23 vitamins and minerals. purina dog chow. help keep him strong. dog chow strong. your skin can grow more beautiful every time you wear it. neutrogena® healthy skin liquid makeup. 98% of women saw improvement in their skin. neutrogena® cosmetics. i hate getting up in the morning. i love cheese. i love bread. i'm human! and the weight watchers 360 program lets me be. the reason i'm still in this body feelin' so good isn't because i never go out and enjoy the extra large, extra cheese world we live in. it's because i do. and you can too, with the weight watchers 360 program. the power to lose weight like never before. join for $1. hurry. offer ends july 27th. the weight watchers 360 program. because it works. the weight watchers 360 program. wait a sec! i found our colors. we've made a decision. great, let's go get you set up... you need brushes... you

not have to explain why people would be feeling post-traumatic stress even if they didn't live in manhattan. people upd understood that sense of vulnerability, you could be attacked just for who we are, which is how we are. >> everyone got it. >> we had that shared sense. he was trying to convey that same sense of in this moment, it feels like that.

an event hosted by the manhattan institute.ter, supreme court oral argument in a case of affirmative action and college admissions. is a connection between mental illness, guns, and violence. >> we can see a sea of humanity coming from union station, and we knew it was going to be big. we were supposed to be leading the march. people were already marching. it was like saying there go my people, let me catch up with them. [laughter] this sea of humanity just pushed us, pushed us. we started moving toward the washington monument, on toward the lincoln memorial. it was a wonderful time in american history. >> this fourth of july on c- span at 2:20 p.m. eastern, congressman john lewis shares his experience on the march on washington 50 years later. at 4:45, some of the places we visited and historians week spoke with during our series on first ladies. prize-winning photographer display there were. -- display their work. bill clinton and new jersey governor chris kit christie natural disasters. >> a forum on hospital and health care

mario carbone is a chef owner of three of the hottest restaurants in manhattan, or the reesesy italian specialties, parm, and the brand new carbone. and kate krader is the restaurant editor of "food & wine" magazine. i'm pleased to have them all. kate, i want to start with you. you have been a new york restaurant observer for as long as i've known you and an incredibly knowledgeable one at that. when did you look around in this city and say "wow. italian food has stolen the stage from french"? >> well, i think when italian food really started it just seemed like a tidal wave in the city is when a restaurant opened in tribeca, the chef is andrew cremilini and he made his name at cafe boloud which is a french leaning restaurant, in fact, mario carbone worked there. but he was known as a french chef and then he went down to tribeca and took over a sort of failed restaurant space and opened la canda verde and served food everybody wanted to eat and there were super important italian restaurants in new york city before then but i think that sort of changed the way that everybody all of a su

. >>> and a designer turning a cramped manhattan apartment into a masterpiece. >> the budget and the time is nonnegotiable. >> find out how they got it together to pull it off. >> what [ female announcer ] for the freshest produce, you want to be close to the people who are close to the land. [ rooster crows ] that's why safeway works closely with local growers. the folks whose hands are in the soil. planting and nurturing the kind of delicious produce that gets delivered to safeway every single day. fresh from our farmers. this week, fresh local sweet corn from g&s farms is just 8 for two dollars. at safeway, ingredients for life. ♪ >>> anyone who has ever remodeled knows it is hard work. you are trying to remodel a new york apartment, even harder. >> well, lauren is the blogger behind curb thievery was challenged to redesign an apartment on the upper west side of manhattan. >> i have a week to do it and a budget of about $2,500. obviously, i took this because i love challenges. >> the budget and the time, nonnegotiable. it was that or nothing. >> we just talked about throwing pillo

what do you make of the manhattan real estate scene? >> to be expected. we have low inventory and high pricing. that's always going to be a disconnect, and as robert said, people are smart. they are value buyers. they are savvy buyers, and they would rather bait for the perfect thing to come on the market for a reasonable price deemed by them and they won't buy. >> you've talked about the manhattan class warfare, for example, on the very high end, those with a whole boat load of cash and others who are stuck. >> think co-op versus condo. co- co-condos are flourishing because the foreigners can buy it but the co-op market, stagnant because foreigners can't buy it and for that reason condos are winning big. >> still the best value? >> may not be the best value case by case basis, weather investment strategy. >> if you had $5 million and came to manhattan, which area would you pick and what kind of property? >> what would i pick personally in probably the upper east side because the upper east side is seeing very low pricing compared to the rest of the marke

janice huff from the heat island of manhattan tonight. janice, thanks, as all of the sudden. more coming from edward snowden about the nsa and how it operate. the newspaper columnist who first reported on the snowden leak says the fugitive former contractor has sensitive, detailed blueprints of how the security agency operates. glenn greenwald has thousands of documents, as he put it, quote, basically the instruction manual for how the nsa is built. snowden remains in limbo at that airport in moscow. >>> back here, lots of americans hitting the road, the peak of summer vacation season. if you're among them, you have seen what we are paying for gas. aaa says the average price for gallon of regular now 3.61. that's up 14 cents from one week ago and it goes up from there. we asked nbc's tom costello to look at what's driving it this time. tom, good evening. >> reporter: hi, brian. in fact, july and august are typically the peak months for summer driving, as americans pack up for the summer vacation. we are told that is at least one reason why gas prices are moving higher. ♪ summ

. >>> and a designer turning a cramped manhattan apartment into a masterpiece. >> the budget and the time is nonnegotiable. >> find out how they got it together to pull it off. >> what look at 'em. living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you couldn't just set up a tv in the basement. i mean, come on! nope. we could only watch tv in the rooms that had a tv outlet. yeah if we wanted to watch tv someplace else, we'd have to go to my aunt sally's. have you ever sat on a plastic covered couch? [ kids cheering ] you're missing a good game over here. those kids wouldn't have lasted one day in our shoes. [ male announcer ] add a wireless receiver. call to get u-verse tv for just $19 a month with qualifying bundles. rethink possible. but did you know we've also mastered three incredibly craveable pastas? sizzler's new incredibly craveable combos for just $10.99, right now. >>> anyone who has ever remodeled knows it is hard work. you are trying to remodel a new york apartment, even harder. >> well, lauren is the blogger

where it travels deep below manhattan. the pressure built up by gravity from the mountains pushes the water upwards toward the surface through vertical shafts. these shafts feed the water mains of each neighborhood, which branch into smaller pipes below the streets... feeding into buildings and houses, into the plumbing, and finally, after its long journey, to our faucets. providing water to homes and industry is a monumental task, requiring immense infrastructure. but once the water is delivered and used, it must also be taken away. man: it's important that the waste generated by any society not be left around. cholera, and other diseases and problems, have been spread, because people wound up living in filth. even the ancients understood that you couldn't have the sewage where you lived. and the easiest thing to do was transport it to another spot -- by water, or a river. most of the first sewer systems were on the east coast of the united states, often in places that already had developed a citywide water supply system.

you're looking live right now at downtown manhattan. one of 100 cities where rallies are being held to ask americans to remember trayvon martin. is the president forcing attorney general eric holder's hand in new testimony charges the irs may have been involved. congress money trey gowdy says the scandal goes way beyond accusation, it's the work of two rogue irs agents. and a new budget battle on capitol hill. republican senators meeting with president obama. and senator mike lee says congress shouldn't vote for any plan that includes funding for obamacare. all that, plus the world remains on royal baby watch. hello everybody. america's news headquarters, live from the nation0s capitol, starts right now. >> one week after george zimmerman is acquitted. rallies and vigils are being held across the country, reacting to the verdict. trayvontrayvon martin's parentst to appear at separate rallies in their son's memory. one even is happening right now in downtown manhattan. reporter: what we're seeing right now, over 200 people who have come

what would have happened if the british had destroyed the continental army on long island and manhattan, and they had several chances to do so. and the howes as i suggested really didn't want to destroy the continental army. they wanted to -- as they said to rough it up, proportionally demonstrate that they couldn't possibly win, but they didn't want the war to become the kind of war against the irish and scottish that was a genocidal war. they wanted to ended in a way that they could all come back together. and they valued as peace makers more than generals or have add models. that is a question that as i said is on answerable but i have an obligation having spent four or five years thinking about it as what to say. i think that if they had gotten lost they could replace the army's year than they could have replaced washington. i think what would have happened is that each state is reverted back to its own state militia as the source of authority and what have become a guerrilla war. the british would have still lost, but what has been a different kind, the course would have been longe

lori: this is first for manhattan.ind the scenes of big apple, one and only e-cigarette store. adam: e sig sales are on for, on track to double last year's results of one billion dollars this year. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hortfolio. and with some plning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. lori: "the pink panther" at it again? the price tag on yesterday's brazen jewelry heist in cannes, france, up to at least $136 million. that is more than double the initial estimate from police and now they may be looking into whether this theft is related to the jewel thief gang. the heist coming just days after a member of the ping panther group escaped from a swiss prison? coincidence? we may find out, or not. adam: real q

. >> reporter: jordan barowitz is with an organization that own -- 11 buildings in manhattan. >> what are you doing in the building to reduce energy use? >> we turn off some lights. we shut down two elevators per bank and then the biggest thing we do that you can't see is we raise the temperature in the building a few degrees and we also refresh the air coming into the building less frequently. >> reporter: there have been a few scattered power outages in the new york city area. and scott forecasters don't expect a break in the heat and humid knit the northeast until sometime on sunday. >> pelley: terrell, thank you. one of the buildings in manhattan has volunteered to go off the power grid is the cbs news broadcast center. the evening news is coming to you tonight on our own generator power. >> we got some remarkable new pictures today of the capture of one of the boston bombing suspects. this is dzhokhar tsarnaev as emerged from a boat where he was hiding from a citi-wide man hunt in april. the red dot on his head is a laser target designator coming from a police officer he arrive r

. >> anthony weiner tonight leaving an event in lower manhattan. a surreal moment, you'll recall he allegedly did his sexting under the screen name carlos danger. today he was confronted by, you got it, carlos danger. >> why did you steal my name? i am carlos. why did you steal my name? >> only in new york does that happen. other than that, this is serious stuff with "the new york times" today calling on weiner to quit the race. people far beyond new york asking a whole lot of questions, dana bash included. tonight she's joining us. how did it go? >> reporter: well, he certainly avoided reporters going in. but as soon as he finished or was finishing his very first event of the day, which didn't happen until this evening, his aide said look, he's going to talk to you. he came out, he wasn't hiding. and he stood there and answered about half a dozen questions. one of the key questions has been not just about his personal problems, but more specifically, how he has dealt with that that could impact of what he wants to be, which is mayor of new york. l

they're going to open another branch in manhattan very soon. they've been offered starter money to create a satellite store in palo alto. they're a little wary about the 3,000-mile commute. but it's a really wonderful example of a store with, you know, an organizing theme, a small footprint really extending itself into the community quite well. bank street bookstore in mystic, connecticut, if you've ever been to, it's quite wonderful. they have now partnered with local movie theater, the most popular restaurant, the library to bundle events. your ticket gets you a meal, an evening with an author. the movie theater live stream dan brown's appearance at lincoln center this last week, and the went fit of the -- benefit is it's cash in the till, it's customers who might not ordinarily have walked into the store, and it's a chance to sell books at each of these off-site opportunities. there's some clever real estate deals being made out there, and real estate is really one of the issues that doesn't get talked a lot about in the business because, yo

full with lots of protesters that are have been walking hour by hour all through the streets of manhattan it started out in union square and the procession of people just grew larger and louder i caught up with the crowd was probably at its thousands on twenty third street and at that point the crowd was so large that cars could not pass through the streets then this this crowd met up with another crowd in times square and then thousands of people made themselves made their ways north of manhattan point the police is now caught up with the crowd and boarding to what we know there have been at least five arrests that number is you know we're being more cautious but that number according to reports that number is quite quite higher now what has brought all these people on to the streets of new york city in los angeles and boston and elsewhere is clearly the frustration aggravation that millions of americans have with the verdict that came down for george zimmerman george zimmerman as you mentioned was found not guilty and acquitted on the charges of second degree manslaughter and second deg

from manhattan to brooklyn the streets and parks of new york city will clogged with demonstrators sunday evening we guide thousands of strangers united by overwhelming outrage and disbelief that george zimmerman the neighborhood watch volunteer who fatally shot an unarmed black seventeen year olds is walking free this verdict makes a very clear and gives a green light to anyone that wants to shoot and kill a youth of color you know and you can get off the rock and go on and live your life and it's ok i do have a daughter and it's terrifying that i now have to go and have this conversation with her about being profiled and keeping her safe and helping her understand what she has to do to keep herself safe against other people and the police department and. several different justice for trayvon rallies as they're being called took over the big apple halting traffic throughout the city. a diverse crowd of all ages and races converging at times square chanting and finding signs of solace . parity with trayvon martin by the late evening the mostly peaceful demonstration took a churn for the w

now, that means we've got about 4 times as many golf carts as manhattan has registered taxicabs.0 to 300 golf carts every single month. the conservative estimate is that we will have about 63,000 to 65,000 golf carts, and that will be in 3 or 4 more years. - you could call this the golf cart capital of the country, and that also makes it one of the greenest communities: more than one golf cart per household, most of them electric, not gas; most used for transportation, not golf. - we actually use our cart for everything, from grocery shopping, all of my doctors are local around here. - shopping, hospitals, plays. it costs me about $12 every two weeks. not bad, huh? - our car, it stays parked in the garage and we probably only would have to fill it up maybe once every 6 months because we use our cart almost exclusively. - i'm the golf cart man. - tony colangelo's firm transforms the traditional cart into a hummer or roadster or just about anything a customer wants. - the price ranges will run anywhere from $10,000 to $22,000. it's what they want to put into that cart. you'd be sur

new numbers on the manhattan apartment market next.rd from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? >>> the island of manhattan, unless you're unaware, is 87 kilometers around, more than 1.6 million residents packed into that area. so the battle for available living space is getting pretty fierce. this is according to new data out today. sima has the latest for us stateside as well. how fierce is it for space in the city? >> oh, ross, the bidding wars are definitely on for potential buyers in manhattan ma

. >> reporter: the manhattan u.s. attorney. this is the premier law enforcement office in the country, the u.s. attorney for the manhattan basically handles all the wall street cases, drug cases, mob cases, long history and now is handling a case against sac capitol. not indicting steve cohen, indicting sac capitol. we should point out that there is a human side to this. professionally i think sac is finished. i think it's only a matter of time. we will see something about that later on today. investors the still in there. he is on the fence. he will ask investors later if he should pull out, whether they are going to be redeemed. there is another personal side. i talked to a friend of steve : he said they guy basically has gained 15 pounds in the last couple of months. here's the interesting thing. he said he met him at city field during the all-star games. lori: and mary we have the oppressor. >> three law enforcement actions relating to the sac group of hedge funds. first, we have insider-trading and wire fraud charges again

john hancock, manhattan, says, i hated it.ics and foreign wars all the weather all the scores ♪ ♪ that's the "world news" polka ♪ ♪ tapes that roll in way too slow stuff you saw on koppel's show ♪ ♪ that's the "world news" polka ♪ ♪ it's late at night you're wide awake and you're not wearing pants ♪ ♪ so grab your "world news now" mug and everybody dance ♪ ♪ have some fun be a pal every anchor guy and gal ♪ ♪ do the "world news" polka ♪ ♪ that's the "world news" polka ♪ let's hear it ♪ that's the "world news" polka ♪ she didn't stop to pack that's one more woman late at night who won't be back anchors come anchors go one thing you can count on though ♪ ♪ that's the world news polka ♪ ♪ how do you get to lincoln center i asked everyone ♪ they didn't miss a beat, they all yelled practice my son ♪ ♪ now i'm hear all those lessons paid off ♪ ♪ with the world news polka do the world news polka ♪ ♪ yeah thank you! lincoln center, midsummer night swing, but you must be watching "world news now." "world news now." >>> this morning on

they thrill thousands in mexico, and in lower manhattan the bull sits still projecting power.ome back, the story of the bull that watches over wall street. how did he get there? who created him? why? it's all two minutes away only on "power lunch." >> the bulls run in spain. on "power lunch." mr. goldman loved his family a lot, didn't he dad? he sure did. that's why he had state farm life insurance. like you. so his family never has to worry, right? mr. goldman didn't have life insurance. why not? well, he's just a goldfish. ignore him. [ male announcer ] you've got questions. your state farm agent has answers. backed by the life insurance company millions of moms and dads already trust. we put the life back in life insurance. >>> new york, as you know, is one of the world's most visited cities. the tourists flock here fall, winter, spring and now summer. well, the nyse is always high on their list, a bronze statue just a few blocks from here is even higher on the list. i'm talking about the bull that watches over wall street and all of lower manhattan. >> we don't know exactl

. >> i think i heard as he put manhattan, chicago, maybe you might boston together.you put a bunch of these pieces and cities near manhattan, this is a huge piece of land. liz: they have professional sports teams. the red wings, the lions. >> it's really bad there. it is defaulted into bankruptcy. but there is a way out that they are talking about. one way that detroit survives is that the smaller. liz: that his real business that comes in. >> the real detroit will be smaller. you and i have been talking about this. we have been telling you this for days. they got the time to write about it, they talk about it imminently. this is current because they believed that the federal officials in the justice department, i'm not saying that they believe it. it is a criminal enterprise and they want to put it out of business. the likelihood of indictment is very high. it may be a settlement, but it will be very onerous settlement. liz: but not specifically? >> right. i think at some point if you want to set up, my book sets it up. liz: charlie gasparino. so they've yet to stor

our kayla tausche joins us with more in manhattan. hey, kayla. >> hey, carl.w there was an arraignment for sac capital. the company's lawyers answered the lengthy indictment from the u.s. attorney of the southern district of new york with the very short plea, and that was not guilty. all four entities that were named in yesterday's indictment pleading not guilty to all five charges -- all five counts rather, four counts of securities fraud, one count of wire fraud. took about 20 minutes to start to finish where the defense lawyer said basically we don't believe that we have reason to support your indictment, and they pleaded not guilty. after that the prosecution said that the next 60 days will be a discovery period. they will be looking through e-mails, from phone records, consensual recordings as well as wiretaps and interviewing cooperating witnesses as well as former employees ats ac capital. a guest earlier in the show was talking about how anyone who has worked at sac might consider whether or not they will work with the feds on this, but the feds are go

gerry: it should be open to me as those in manhattan. >> what about the nba? it is the same thing. gerry: it is not the same all. >> smarter people do better in the markets. steve cohen. he is better at trading then you. don't compete. gerry: betty is in trouble right now. >> her and warren buffett has the same playing field but you are talking about speculators that had a computer advantage over the rest of us. there is a nice laptop but those on the southern tip can do a faster. that is a problem. >> but that is for the long term advantage. >> to go against professionals is foolhardy. if you are a smart investor you put your money in places of the index fund. most cannot just beat the index if you put your money in the s&p 500, how much would you be up? >> talk about the lost decade you're up 213% with the vanguard index. gerri: let's move to a different topic that the sec will say hedge funds can advertise to everybody and a lot of the people who'd do what i do those who are investors say it is terrible. isn't they are horrible at what they do. >> the story today in a bloomberg

the manhattan madam she tweeted as soon as eliot spitzer announced the manhattan madam announce she was running for controller and she tweeted happy birthday to me what a great present a chance to confront eliot spitzer in the debate davis for control or not is this is the gal who says that she supplied call girls to spitzer it hasn't been proven but that's what she claims but nonetheless can you imagine a former governor an attorney general facing off against a madam and look spitzer and. it's been interesting on social media to watch as he went to new york city the day after he announced people were yelling at him where's your hooker be that the world you cover is going to listen your rock star on twitter who knew watch it thank you david yes or you can follow him on twitter a david begnaud and news breaker and now each week on the show we show you a unique side of washington this week our old friend cnn's chief white house reporter jessica yellin takes is on an inside tour of the white house press room to see where the reporters who cover the white house work take a look i larry welc

she knows what they needed new york city and i am voting for the manhattan madam. >> she knows how toeep the books. that is for sure. lou: going to read the bookkeeping has a challenge challenge, the white house refuses to call the ouster of mohammad morsi a coup. why is this administration suddenly so interested in the niceties of regulation and law throughout the tenure? >> the reason is because if they call it a coup there is legislation and that says we have to suspend aid. lou: dell follow the other laws. >> did not pay attention. lou: why would they pay attention to that one? >> because in every case with regard to egypt this administration has always of the wrong thing. they did not pressure mubarak said they pull the rug out under when they probably shouldn't have then to six comes along the embrace him busily systematically dismantled democracy they don't do anything they give him fancy weapons and now when nody likes him, they are sitting on the fence when wartime. lou: the president says he is not taking sides the week said that many over to the military for decades previou