congressman meehan, good to have you join us. >> great to be with you. >> congressman meehan, how didwhen you think about him, are there a couple of things that stand out for you that not many people have mentioned yet? are there areas or political dynamics that captured your attention and that you remember today? >> well, i first got to know h him, obviously, as a kid, and you grow up in a large, irish catholic family in massachusetts as i did, you know, the kennedys, you always applauded the kennedys. when ted kennedy would speak, i would go to see him. i guess i first got involved as a delegate to the 1980 democratic convention. that's where senator kennedy gave that fantastic speech. he was not successful, but i got to know him there. i have to say, getting elected to the congress in 1993, you know, you would go to delegation meetings and the big, booming voice of ted kennedy would be center stage. he was really a people person. he was generous with his time and generous, great guy to work, because he was so effective. i guess the other thing that, you know, so much has been said

rick meehan, mayor of ocean city. he said the weather will be good this weekend. >> by the way, mayor, you're welcome about danny. storm off the coast. >> it was a nonevent. >> it was a dud. >> and bill, too. nonevents. there you didn't have much problem with bill? >> no. >> good to hear. you've only had one direct hit from a hurricane in the last 100 years. the odds are slim to get something there at the beach. for the mayor we have ocean city hooked up now live on storm center weathernet. beach plaza, you feel nostalgic now? >> ready to go back. >> take us with you,. , northeast wind at 10. a little chilly on the boardwalk but like you said it's not done yet. low 70s on the water temperature. you'll get back there before the week is done. 64 at the inner harbor. we got the includes, we've had sprinkles nearby and yes, looking at only 60, only 60 rights now at glenelg country school. and here we are strolling through mid-morning with cloud cover really preventing our warm-up. checking out maryland's most powerful dop

. >>> i'm becky meehan. gdp shrinks 1%. ecgu is increasingly divided. >> and i'm mike huckman in the states. retail sales were weak, but inflation remains low and industrial production could be growing for the first time in months. >> well, hello and welcome to cnbc's "worldwide exchange." let's start our market run today with a quick look at the ftse cnbc global 300 index. here is where we stand. we're higher by 0.2%. we'll take a bit of a spike up. let's see how that transfers to the european bourses, as well. we are looking at gains across the board with the cac, actually, looking just about the strongest at the moment, pushing higher by almost 0.8%. a very consistent picture there right across the region. the ftse 100 is the lagger, if there is one. dollar/yen, standing at 95.16. euro/dollar, 1.4269. sterling is edging lower by 0.3% at 1.6529 while euro/sterling is standing at 0.8629. christine, how is it looking in asia? >> hey, rebecca. niece tan, by the way. here in asia, a mixed session so far. at the end of the day

>> i'm becky meehan. european stock markets head higher, shrugging off yesterday's slump. >> and i'm berlth ya couples. investors look for more information that the housing data may be on the rise with results from housing giant home depot. >>> august zew data is coming out. the current conditions survey indicates for august 7th, minus 70.2. not quite as bad as expected. the economic expectations came in at 56.1, which was ahead of expectations, a marked improvement on what we saw in the previous months. the commentaries saying positive gdp in the second quarter has led to better assessments of the economic situation. for more on these numbers, we're joined by matthias kohler. a bigger improvement than expected, to be specific. can you run us through some of the factors behind that? >> yes, good morning. we're seeing that the economic perspective for germany have considerably improved this month. there are a few roens. first of all, incoming orders have continued to rise. this should lead to higher indust

detectors and the mayor rick meehan says the current law is strong but needs a way to make sure the building owner obey it. >>> president obama says his health care reform plan would not set up death panels to review end of life care. now it appears the only thing facing a death penalty is a controversial -- a death panel is a controversial element of the president's own plan. dropping the public option of the reform package. >> reporter: at a town hall in grand junction, colorado saturday, the most pointed question addressed the government run public insurance option. >> how in the world can a private corporation providing insurance compete with the entity that doesn't have to worry about making a profit? doesn't have to pay local property taxes? >> reporter: the president's response hinted at a softening of his position on the issue. >> the public option, whether we have it or we don't have it is not the entirety of health care reform. this is just one sliver of it. one aspect of it. >> reporter: on fox news sunday democratic senator kent conrad, key negotiator of the health care bill call

. >> and i'm becky meehan. the manufacturing sectors return to growth in august. >> and i'm matt nesto in the united states. traders are going to look ahead to the fed's possible exit strategy. >> quick check on the markets, the ftse cnbc global 300 the last time we moved in was moving higher. seems to be sticking there higher by 0.1%. taking a check, as well, on the forex markets. here is what we're seeing, dollar/yen, 93.70. euro/dollar, after that pmi data, 1.4289. sterling taking a bit of a hit, 1.6470. >> stateside, becky, things look like this right now. up for the third day, we're en route to what could be the sixth weekly gain in seven. right now, stock futures look flat. you can see the dow, nasdaq and s&p all little changes on a fair value basis. traders clearly waiting to find out what's going on happen in jackson hole and on the economic front this morning. >> matt, thanks for that. euro zone composite pmi has hit the 50 level. services pmi hit its highest level in 14 months with 49.5. manufacturing

mayor rick meehan says the current law is strong but needs to make sure there's a way building owners obey it. >>> like someone hit the on switch that turned a relatively inbe in -- inactive hurricane season into an active one in three days. tropical storm claudette made landfall along the florida panhandle, behind her two more storms are out in the atlantic. clayton has details. >> reporter: on apalachicola bay paul fridell fought 40 mile-per-hour winds to save his sailboat from a measly tropical storm. for a while we were not sure how he managed to hang on while they tied down the vessel. >> we hope it doesn't get too much worse. anyway, i'm just looking after my boat. >> reporter: off the coast jean picked up her daughter from work and took off inland to tallahassee because the river was rising. >> we've had a couple of small trees already blow down across the road my husband had to move. our crooked river is already rising just with the rainfall. >> reporter: in port st. joe shoppers swamped the piggly wiggly to get flashlights. camille wilson lives in safety harbor and came all t

. >> i'm rebecca meehan in europe.quity markets are heading higher across the continue negligent. >> and i'm bertha coombs. mind the white house. the white house is expected to announce the federal deficit will be smaller this year than previously forecast. >> we do have retail sales data out here in the uk. uk retail sales some months adding 0. 4%. that is a pretty decent performance. actually, out strictly on what the analysts have been expecting. the year on year figure, as well. we are looking at the biggest gain since may of 2008. let's get straight out to peter dixon, senior economist at commerzbank for a bit more on these figures. peter, the july figures coming in ahead of expectations, it doesn't seems like retail sales have dropped in the way that you may expect from a recession. >> that is right. if you look at sales overall, over the last 15 months, we've been flat. it's not such a good story, however, for nonretail systems where spending has clearly collapsed. i guess you could argue that the temporary cut

. >> i'm beck can he meehan.n europe, a sea of red has markets across the continent on jitters about the recovery. >> and i'm bertha coombs. warren buffett says the u.s. is on the slow path to recovery, but we'll have to deal with the side effects of massive economic stimulus. >> we are going to take a close look at what's going on in the u.s. because we just had the bank of england minutes out. the mpc voted 6 to 3 to raise kwaunlt tafb easing by 50 billion pounds in august. king, berkeley and miles all wanted a bigger hike. also, they did agree on keeping rates at 0.5% on the need for what they quote as substantial service asset purchases. the inflation report suggested that 50 billion pound qe increase and that lower market rate pass needed. they did think about, at least, arguments for bigger increase in the qu program and a more moderate expansion, too. but they say one of the arguments for a big qe rise included danger of doing too little more than doing too much. let's get some comments on this before we m

and former congressman joe kennedy, his wife vicki kennedy, former massachusetts congressman marty meehan, current congressman steven lynch and attorney general martha coakley. a successor will be chosen through a special election under massachusetts law. >>> mother nature ould cause problems for kennedy's funeral and your weekend plans. sue is working this one in the weather center now too. >> tropical storm danny. we've got the latest update. it looks like it's going to stay stronger. cape cod is going to have to watch it too as do we, brian. >>> a news edge investigation. ladies andladies of the night working the morning hustle. wait till you see what's happening on crowded streets. wednesday night, hump day. halfway to home on a friday. quick check of some of the stories we're working on. just a few. not all. back in two.  carol! denise! you've lost weight! it's just all these giant things make me look small. (chuckle) i hate dieting. me too. that's why i eat this fiber one yogurt. (mr. mehta) it has five grams of fiber, zero fat, and fifty calories. please, this is

muhammed meehan is taking the tax hit today because he is only buying a few expensive items. >> tomorrow i'm buying nike shoes because that's when you can get $5 to $10 off with the taxes and clothing like polos or jeans you can get a good price on. >> reporter: need a computer? walmart stores over the state will absorb sales tax for many electronics, photography and wireless items with no price limit. >> computers can range from $600 here in the store. with no sales tax that can add a lot of savings. >> that was megan mcgrath reporting. virginia has a 5% sales tax so you'll save that 5% on school supplies. the holiday starts tomorrow and runs through sunday. >>> coming up, sonja sotomayor confirmed as the first hispanic justice on the supreme court. wendy rieger joins jim handly next. >>> police arrested a 14-year-old and an 18-year-old in connection with the robbery and murder of a man in charles county, maryland. >> new video of the man who opened fire the at a health club on tuesday night killing

potential candidates, his wife, nephew and former congressman joe kennedy, marty meehan, current congressman steve link and attorney general martha coakley. under massachusetts law, a special election takes place up to 160 days after a senator leaves the post. >>> you can check www.myfoxdc.com for continuing coverage of the life of senator kennedy. they posted a photo gallery and what his loss means for the future of the u.s.senate. >>> and can't imagine a world without your cell phone? listen up. who is inviting hackers to crack your security code. >>> and the cuts are coming. fix for the ney team breaking financial mess. >>> good samaritans to the rescue here. inside the rush to free the people trapped inside this burning car. >>> first, as we go to break, one year ago this week, senator ted kennedy urged the country to vote for his top choice or president. take a look. >> i have come here tonight to stand with you to change america to restore its future&to rise to our best ideals and to elect brama president of the united states.  >> tonight's consumer alert. how secure is your cell phon

congressman, now out of office, actually, an educator in the state, is marty meehan, also very well known, apparently has a lot of money. another name that's come up is martha coakley, the attorney general there in the state, anderson, a possibility there. but they're still trying to figure out whether they're going to follow the law or whether they're going to change the law of succession on senator edward kennedy. >> joe, appreciate it. cnn will, of course, provide live coverage of all the public memorial services over the next several days. we have much more throughout the hour though, right now online at ac360.com. you can find a time line of kennedy's life and a photo gallery of kennedy photographs. >>> when we come back, ted kennedy's legacy, in the words of president obama, who will deliver the eulogy on saturday, and vice president biden, whose emotions nearly got the better of him. >>> and we remember dominick dunne, he passed away today as well. how about a swim? i'm a little irregular today. don't you eat activia? for my little issues? they're not that bad. summer's no time to

. >> reporter: ocean city's mayor rick meehan says he's in constant contact with emergency officials should danny change course. >> right now, our major concern are the beach-goers and those that are on the beach. as it looks now, danny is going to be far enough offshore, we're going to get some high surf, probably some rips. we have to be very cognizant of that. >> reporter: in the meantime, city officials urge visitors planning to head to the beach to stick with their plan. >> we certainly looked at all of the fact oar -- factors, whether it be beach erosion. and we have to take public safety as our responsibility. but ocean city will be open this weekend. >> reporter: there's a group of surfers to the left of me who are really taking advantage of these giant waves. just a reminder, lifeguards say, if you aren't experienced out in the water, either stay in or make sure that you are clearly in the sight of a lifeguard. they also say people consider themselves to be safe if they walk out, they're only ankle or knee height. times these waves can come in and just really pull you out or

the whole way up, people were telling meehan sen that hansen beverage company from the monster energy to crash, train wreck ready to happen. it did do that but it took years for the momentum to run out. in the meantime i was saying -- >> all aboard. >> then i called the top in hansen because i know how these hot stocks work. it peaked in july of 26th. this was in part because the company did a 5 for 1 split. even though splits aren't supposed to do anything, this encouraged people who had been in hansen a long time to take something off the table there. was another reason i believe would peak a substantive one. that was because it picked up its fourth analyst. remember my rule of thumb. may 5th, 2006, take a look. got a top coming. when goldman started covering the stock, you had two months to sell between goldman's ni and the stock's peek there. was still some up side left after goldman started to cover. that upgrade moved the stock. but prudence at last, not describing or hiding recklessness, prudence dictated we sell the stock once it had four analysts. better to clear out early wi

mayor rick meehan says the current law is strong but needs some way to make sure the building owners obey it. >>> i got a deal for you. really, it's michael's deal. coming up, he's going to explain to us about the roth ira and why we should have one. >>> do you want one of these in front of your house? say hello to the hybrid. >>> and dr. donahoo makes a garage call to see if it's worth buying it. >>> college students, there's a way to save money by renting those books, equipment, even cars. you'll want to listen to this. >>> are a graduating you can move -- after graduating you can move into this, a million-dollar palace. take a chance and help others at the same time. next. >>> the pump watch report this morning. gas prices continue to move up slowly. ever so slowly according to aaa, the average price of gas in the baltimore area now up to $2.55 a gallon. that is barely up from last week but up 14 cents in a month and nationally the average price is $2.64 a gallon. that is up 17 cents in just a month. one way to deal with gas prices, how about get a hybrid or electric car? last wee

becky meehan will kick you us off in london. >> we are edging a little low. 0.6%. it has been a very strong run up yesterday. we closed the highest of the year. no surprise we're down today 27 or 28 points or so. a couple of big de-kliners one of those is standard chartered, down 3.the%. the fist half numbers didn't look too bad. they beat expectations. kim in at $2.8 billion. . that to fund small acquisitions in asia, so they say. i guess that's what the reason behind the declines we're seeing there. profits to this company beat expectations of 12%. but they have halved their dividend. they're trying to conserve cash, they say. they believe they're in difficult market conditions is how they put it and the stock is down by just about 5%. elsewhere in the financials, we are seeing strength once again for the likes of barclay's and rbs which ranks among the biggest gainers on the uk market today. patric patricia, how is it looking in germany? >> down 0.8% for the german market below the 4,500 level. but again, volumes are lower than we saw yesterday. we have a couple

it's less than former congressman marte meehan, another potential successor who has nearly 6 million, so, but i mean, i'm sure he'd be ready to gear up very quickly if needed. >> hillary, boston herald, thank you very much, hillary. very interesting to watch. good to have you with us, trace. >> meantime, senator kennedy known to many as a champion for health care reform. his desk now leaving an empty senate seat and raising questions about who will carry on his fight for universal health care. and amid those and along with the east coast, getting a bunch of rain today. look at that. that is the weather that's up and down the east coast. where the storm that was known as danny is now heading. that's next. this is a honda pilot. and this is the all- new chevy traverse. it has more cargo space than pilot, including the most space behind the third row. and traverse beats honda on highway gas mileage too. more fuel efficient and 25% more room. maybe traverse can carry that stuff too. the all new chevy traverse. america's best crossover. it's critical that i stick to my medication. i cannot

. >>> and i'm becky meehan. in europe, shares return from those ten-month highs despite germany returning to growth in the second quarter. hello, everyone. welcome to cnbc's "worldwide exchange." let's get round the markets now start, a look at the ftse cnbc global 300 index. on a broad brush picture, markets are down by 0.4%, certainly retreating from the highs that we've seen recently. that's definitely the case for the european markets. we are seeing declines for all of the major markets here. the ftse 100 is down by just over 0.5%. declines for 0.6% for each the dax, cac and the smi. let's check on the currently markets today. yen strength continuing to be a bit of a theme there. dollar/yen, 94.28. we are seeing the euro weakening against the dollar, as well, with with the euro down at 1.4269. as far as sterling goes, 1.6357, down by just about 0.4%. as far as the euro/sterling is concerned, 0.8721. sort of puts us on the back foot here in europe, maura. >> yeah. and you would expect mr. bernanke's reappoint