i'm maria bartiromo reporting from outside the new york stock exchange. jobless claims rise. corporate america did not cash. is the news really all that bad? we'll talk to an advisor to president obama. and the real deal on steel. we'll get a report from the frontlines of the green steel company that's fighting competition from china and around the world. and we're all ears about commodities that get the bad rap. you'll be surprised how it's being used these days and how you can invest in it. "the wall street journal reportç begins right now. >> narrator: this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >>> as we head into a new week on wall street, general motors is setting the wheels in motion for its long-awaited initial public offering which could be one of the largest in american history. the company filed papers for its ipo this week, which would allow gm to become a public company again, rather than a ward of the state. it is mou profitable. the treasury department which owns 61% of the companies expected to se

i'm maria bartiromo. the economy grow, is it enough in why there could be more taxes in your future. the new man in charge of bp speaks out. my interview with the company's incoming ceo. the challenges he faces preventing future disasters and how he's going to clean up the company's image and the oil spill. plus lessons learned. my one-on-one discussion with the head of the largest teacher's union in the country. how to fix education in america and how to save jobs in the middle of a funding crisis. "the wall street journal report" begins right now. >>> this is america's number one financial news program. "the wall street journal report." now maria bartiromo. >>> here's a look at what's making news as we head into a new week on wall street. u.s. economic growth slowed in the second quarter of the year. the government released the gross domestic product figures on friday which is the broadest measure of the size and strength of the u.s. economy. it shows growth slowed to an annual pace of 2.4%, the most sl

i'm maria bartiromo. in this market, the slowing economy. more and more worries about a double dip recession. what you could do with your money now. >>> investing that might tell why. exploding money mifshlgs in the new book, "don't buy the bull." >>> and it's the real deal. how more and more cities are becoming more and more bike friendly. getting to work without getting to the car. "the wall street journal report" begins right now. >> announcer: this is america's number one financial news program "the wall street journal report." now, maria bartiromo. >> making news as we head on into a new week on wall street, investors watched and listened closely on friday to a major speech by federal reserve chairman ben bernanke on the state of the economy. mr. bernanke said that the feds' open market economiy is prepared to provide more monetary stimulus if necessary if the economy deters rates significantly from mere but he questioned whether the benefits of more stimulus outweigh the costs. the economy grew at a much slower pace this spring than pr

and speaking of cnbc, congratulations to our cnbc colleague, maria bartiromo, who rang the new york stocknge bell yesterday to mark 15 years to the day she became the first person to broadcast live from the trading floor. >>> a rockies hurler keeps winning, albert powers the cardinals, and a great grab in japan. >>> plus, a-rod finally hammers number 600. your early-morning sports headlines are straight ahead. >>> the heat wave continues for some of us, but others will get thunderstorms and a little bit of relief. your thursday forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, alex rodriguez has finally become the seventh person in major league baseball history to hit 600 home runs. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning to you. after a two-week drought, the yankees' alex rodriguez has finally become the youngest player to hit 600 home runs. the historic moment came in the first inning against the blue jays. rodriguez blasted a two-run shot to straighta

now maria bartiromo. >>> hello, everyone. i'm sue herera. maria will be along with more of the show in just a few minutes. here's a look at what's making news as we head into a new week on wall street. the focus was on the fed this week. the federal reserve's open market committee held a one-day meeting and released a statement essentially saying the economic recovery was slowing. since interest rates are about as low as they can go, the fed reached into its tool kit for another way to help stimulate the economy. the fed will take proceeds from a portfolio of mortgage bonds that it holds and use that to buy treasury bonds and that should help keep interest rates low on treasurys which, in turn, will push down rates on mortgages and corporate loans. the fed hopes that that will increase borrowing and help the economy grow. the fed's move, though, spooked the markets, perhaps signaling the economy is in worse shape than investors thought. the dow with its worst three-day drop since early july. the marks fell again on friday and general motors p

cnbc's maria bartiromo breaks down the latest dismal economic numbers. and learn what tiger woods is saying about his divorce along with advice for dealing with a breakup. >>> and now, keep it on this channel for continuing local news, weather, sports and more. i'm lynn berry. thanks for watching "early today," just your first stop of the day today on your nbc station. have a good one. -- captions by vitac -- www.vitac.com