i'm maria bartiromo. coming to you today live from aspen, colorado at the aspen ideas festival. we have a star-spangled, star-studded show this holiday weekend. we'll talk about american spirit, ingenuity and innovation. can we invent and think our way out of the issues facing america? my conversation with former federal reserve chairman alan greenspan on the day that qe2 ends. the maestro speaks out about the debt, deficit taxes and housing. and ever think about salt or cod or fish and the economic impact they have? it's food for thought. history of a different flavor with author mark kurlansky. "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 is a look at what is making news as we head into a new week on wall street. bon voyage. the federal reserve's massive bond buying program known as qe2 has officially come to an end. the federal reserve spent $600 billion buying american treasuries in an effort to keep interest rates low and stimulate the economy. the pr

you can find me@maria bartiromo. for more on our program and a further look at my making of my kinect avatar, check out our website, wsjr.cnbc.com. >>> now a look at the stories coming up that may move the markets and impact your money this week. companies reporting their second quarter include bank of america, goldman sachs, microsoft, and yahoo, among others. also coming out with earnings apple, ibm, coca-cola, johnson & johnson, mcdonald's and general electric, the part owner of the company that produces this broadcast. it will be a busy week on earnings. tuesday we find out the number of new residential units that began construction last month. and on wednesday the nation's retailers report total existing home sales, also for the last month. on thursday, the philadelphia federal reserve releases its outlook on manufacturing in the midatlantic region. we'll be watching all of those reports for you. and that will do it for the show today. thank you so much for joining us from lake tahoe this week. my guest next wee

i'm maria bartiromo, reporting from right outside the new york stock exchange. a weak jobs number, worries about the debt ceiling and the deficit. what does it mean to the markets? my conversation with the chairman of the house budget committee, paul ryan, talking with me about medicare, compromise, and the federal budget. >>> and what is cooking when it comes to trends in barbecue? we'll check out the hot grills, the tasty dishes and find out what is new in the backyard. 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 is a look at what is making news as we head into a new week on wall street. a very disappointing jobs report out on friday. nonfarm payrolls rising only by 18,000 for the month of june. that is the weakest number since september of last year. most analysts were expecting numbers north of 100,000 jobs created. the unemployment rate, meanwhile, bumped up to 9.2%, the highest it's been since december. >>> the holiday-shortened wee

maria bartiromo on the ground for us from cnbc. >>> overseas tonight in great britain that reverberate all the way to parliament, the phone hacking scandal now shut down an entire newspaper, is only getting uglier, there's dire warning of more damning revelations to come and today the first arrests in the case, after so many violations of personal privacy. michelle kosinski has the latest from london. >> reporter: a day after the 168-year-old news of the world fell to a scandal of its own making, two former top employees were arrested. an editor who once served as the prime minister's communications director and a reporter who served prison time for hacking into the paper back in 2007, when victims included celebrities and the royal family. today the offices of his current employer, "the daily star" were raided by police. and the prime minister vowed no stone will be left unturned. >> if these people could have had their phones hacked into in order to generate stories for a newspaper is simply disgusting. >> reporter: now even more questions. were other papers doing this? why were poli

i'm maria bartiromo. once again reporting from outside the new york stock exchange. the clock ticks on america's debt. will washington get a deal done? and what happens if they don't? >>> buying into private companies before they go public. who does it and how? the young entrepreneur behind secondmarket. >>> and luxury travel for less. if you're looking for last-minute deals, we have some cool getaways to escape the steamy weather. "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 is a look at what is making news as we head into a new week on wall street. america's debt ceiling deadline is rapidly approaching, and we are still waiting for word of a deal. talks are ongoing, meetings continue between the white house and congressional leaders, and there has been renewed optimism about a big deal happening to reduce the deficit and raise the debt ceiling. but so far nothing concrete. >>> it was a busy week for the markets stopped short on tuesday. the d

cnbc's maria bartiromo is with us tonight and they did not, nobody wanted an uptick in the unemployment number. >> reporter: the unemployment rate went up to 9.2%, the number of new jobs created at a very, very lou rate. 18,000. we were expecting 120,000 new jobs created for june. it was tough all around, businesses cut jobs, state and local governments cut jobs, even in education, it was a surprise on the downside and it indicates that we are very much in a slow ntributed to it.that has lly not and it's still very much tough going for most americans today. >> and maria, last time you and i spoke we talked be it the possibility of this so-called double dip recession, you never quite recover and then you go into another one. >> if i had to make the bet, no, we're not going to see two consecutive quarters of negative growth which is what the recession would be. however, you and i talked the last time, it doesn't really matter what you call it, you could call it cupcakes, whatever it is, it just doesn't feel good. so we may not be in a double dip recession necessarily, but it feels like on

maria bartiromo will be on set. first, bill karins with a check on the forecast. bill. >> good friday morning. must see tv is watching the lift off today. 11:26 a.m. you can see the clouds in the background. it's not raining. the forecast does not look good from the morning to afternoon hours. right now, 70% chance it will be canceled because of inclimate weather. downpours along the mass pike. a thunderstorm along i-95 and southern connecticut. tropical downpours are likely anytime during the day. more widespread in the afternoon. the wet weather in florida, atlanta and new orleans. the weekend forecast, the highlight, southeast rain in the late afternoon. a beautiful weekend. way too hot in texas and oklahoma. as we look at sunday, the only bad weather, minneapolis to nebraska, possibly colorado thunderstorms. overall, today is the bad day. the weekend looks nice for the eastern sea board. you are watching "morning joe" brewed by starbucks. [ male announcer ] introducing the ultimate business phone -- the motorola expert from sprint. its powerful tools help you

cnbc's maria bartiromo is here to break it all down for us. good morning. what happened here? >> it was a tough month. we know we were looking at a soft patch based on what we saw in may, but we had all expectations we would see more job creation this month. it just didn't happen. there was a culmination of negative. state and local governments cutting jobs. we know they are in terrible shape. on the other hand, you had private businesses worried about no demand out there from customers and possibly higher taxes, higher expenses saying i'm not going to put many hits on the payroll this month. >> it's interesting when you talk about the consumer and demand. the fancy word is deleveraging, but what it really means is mortgage debt, consumer debt, government debt. there's so much debt that people are paying that down, they're not out there spending, and so the economy goes. >> absolutely. and it is a vicious cycle. you're getting those bills coming in every month, and your first thing paying out the bills and paying down debt and you're never really getting a foothold in terms of