a merrill lynch financial advisor can help you plan, invest, and manage your assets, which could makecond act better than your first. merrill lynch wealth management. >>> i got nice mention on fox news yesterday. here it is. fox's patty ann brown throwing to fellow anchor chris wallace. >> glen beck returns in a moment, but, first, chris matthews previews special report. >> coming up we'll preview the weekend's big gathering of republicans in new orleans. >> my pal and i chris wallace are very different, i can't say i would let that go. if you have to be confused with somebody at fox, i think i hit the jackpot. barney frank played word affiliation last night. >> mitt romney? >> flip-flopper. is that one word or two? >> that's two. john mccain. >> old. but i want to say this -- >> is he two years older than you? >> yes. that's important. because john mccain gave me the hope that i would not die without being younger than the president. i mean, you look to the president as an authority figure. you start to get older than the president, you are looking for the wheelchair. >> right on pal

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a merrill lynch financial advisor can help you plan, invest, and manage your assets, which could make your second act better than your first. merrill lynch wealth management. it's another thing to back it up. the chevy 5-year/100,000 mile transferable powertrain warranty. with roadside assistance and courtesy transportation, it's the best coverage in america. ♪ three decadent flavors. 60 calories. it's me o'clock. time for jell-o. not that long ago, many families were priced out of an overheated housing market. but the times have changed. get the facts at remax.com. today, the dream of owning a home seems more attainable than ever. nobody sells more real estate than re/max. visit remax.com today. >>> i'm tamryn hall at the bottom of hour. >>> the rescue attempt of four missing west virginia miners have suffered a setback. they met danger levels of gases underground. >>> a federal judge in new orleans has awarded seven virginia families $2.6 million in damages to pay for the removal of drywall made in china. the drywall emits sulfur and linked to coer ed ted to co-roe possible health p

a merrill lynch financial advisor can help you plan, invest, and manage your assets, which could makecond act better than your first. merrill lynch wealth management. [ male announcer ] competition... it pushes us to work harder. to be better. to win. but sometimes even rivals realize they share a common goal. america's beverage companies have removed full-calorie soft drinks from schools, reducing beverage calories by 88%. together with schools, we're helping kids make more balanced choices every day. ♪ >>> i'm julia boorstin with your cnbc market wrap. here's a look at how stocks are trading today. the dow is up about 43 points. it is hovering underneath that crucial 11,000 mark at 10,940. electronics retailer best buy says it has sold out of apple's i-pad in all 673 u.s. stores with apple shops. best buy was the only nonapple retailer in the u.s. to have the i-pad when it launched on saturday. meantime steve jobs says apple has sold a total of 450,000 i-pads since yesterday. >>> the undisputed queen of day time talk oprah winfrey is headed to primetime and says she'll make the move

a merrill lynch financial advisor can help you plan, invest, and manage your assets, which could makeond act better than your first. merrill lynch wealth management. let's take a look at the stats. mini has more than double the fiber and whole grain... making him a great contender in this bout... against mid-morning hunger. honey nut cheerios is coming in a little short. you've got more whole grain in your little finger! let's get ready for breakfaaaaaaaaaast! ( ding, cheering, ringing ) keeping you full and focused with more than double the fiber and whole grain... in every tasty bite -- frrrrrrosted mini-wheeeeats! didn't know i had it in me. >>> john tesh says it's true, he and oprah used to be an item. the unlikely couple was outed in a new unauthorized biography on oprah winfrey. the book, oprah biography claims the pair lived together and tesh ended things suddenly over their contrasting skin colors. tesh did not comment on that but said he and oprah remain friends. >>> a new biography on president obama, "the bridge, the life and rise of barack obama." takes a look at the histo

at merrill lynch, we have over 15,000 financial advisors to help you create a strategy to consolidate, and invest your assets, which could make your second act better than your first. merrill lynch wealth management. but we're also in the showing-kids- new-worlds business. and the startup-capital- for-barbers business. and the this-won't- hurt-a-bit business. because we don't just work here. we live here. these are our families. and our neighbors. and by changing lives we're in more than the energy business we're in the human energy business. chevron. >> from from america's news headquarters, hi, i'm jamie colby. iranian president mahmoud ahmadnejad is challenging u.s. again, saying in a speech in iran today that new international sanctions over the country's nuclear program will only help iran, he says, rather than hurt it. ahmadnejad also saying u.s. pressure on iran has back fired, and left washington more isolated. six world powers including the u.s. are working on a package of tougher sanctions iran will face in the coming weeks over its refusal to halt its nuclear program. back

at merrill lynch, we have over 15,000 financial advisors to help you create a strategy to consolidate which could make your second act better than your first. merrill lynch wealth management. >>> here's what's happening right now. president obama and russian president medvedev signed a nuclear arms treaty in prague this morning. it will reduce the number of nuclear warheads by about the third. >>> if number of newly laid off workers increased last week. worse than economists expected. jobs remain scarce even as the economy recovers. >>> we're just a little more than an hour away from tiger woods teeing off in the masters. >>> rescue efforts continue for four missing miners in west virginia. family members are holding out hope. >> it's a roller coaster for these people. it's very emotional. you can only imagine what it would be like. and it's -- they're very understanding. bruce dial has investigating several mine fatalities. let's go back to this morning when they said, we have to get these crews out of there. so close. just about 1,000 feet away from a rescue chamber. put that into p

at merrill lynch, we have over 15,000 financial advisors to help you create a strategy to consolidate, manage, and invest your assets, which could make your second act better than your first. merrill lynch wealth management. >> neil: growing indications from israel, you can dis them but that doesn't mean you can bend them. reports that benjamin netanyahu has no plans to heed white house calls for settlement -- the dressing down the photo session he was subjected to last week. former new york mayor ed koch says good for them hymn. >> is difficult for me to accept, and i have been a supporter of president obama and went to florida for him, urged jews all over the country to vote for him saying that he would be just as good as john mccain on the security of israel, i don't think it's true anymore. i believe that he orchestrated what happened in israel. they had, we, the united states, the palestinians accepted the fact there would be a moratorium on the west bank but in jerusalem, jews could live wherever they wanted to live. >> neil: this was just for show and its the way they treated b

at merrill lynch, we have over 15,000 financial advisors to help you create a strategy to consolidateest your assets, which could make your second act better than your first. merrill lynch wealth management. >>> there are reports of infidelity, loud agreements as they investigate a tv show producer in the death of his wife. her nude body found at a posh cancun resort where the couple was reportedly trying to work out their marital problems. her husband bruce beresford-redman is their chief suspect because of numerous inconsistencies in his story. miguel almaguer in cancun with more. miguel, bring us up to date. >> reporter: contessa, good morning. it's clear investigators have more questions for bruce beresford-redman. he voluntarily went in to police, was interrogated for several hours and released, told not to leave the country. basically their version of the district attorney's office is in communication with the consulate office who is in communication with bruce. he reportedly came to cancun to work on his marriage with his wife after reports of his infidelity. days before she we

at merrill lynch, we have over 15,000 financial advisors to help you create a strategy to consolidate invest your assets, which could make your second act better than your first. merrill lynch wealth management. >>> find out what your feelings are and did you learn anything. >> yes. he learned that porn stars are not trustworthy confidantes. >> tiger woods taking a giant step pug the sex scandal behind him with the best first day showing at the masters. bruce beck has the story. >> on the tee, tiger woods. [ applause ] >> reporter: and with that, tiger woods' 144 self-imposed exile was over. competing in his 16th masters, the four-time champion showed flashes of his old self. >> spectacular shot. >> reporter: there were also glimpses of anger that woods promised would disappear. when all was said and done, his 68 just happened to be the lowest opening day score of his career at the masters. and it put him in a tie for seventh place just two shots out of the lead. not bad considering he hadn't played competitive golf in nearly five months. >> it was -- it felt normal. it was incredible

at merrill lynch, we have over 15,000 financial advisors to help you create a strategy to consolidatemanage, and invest your assets, which could make your second act better than your first. merrill lynch wealth management. it's another thing to back it up. the chevy 5-year/100,000 mile transferable powertrain warranty. with roadside assistance and courtesy transportation, it's the best coverage in america. >>> in the throes of a tragedy the people of poland mourn after a crushing loss. up next the latest in a live report on the crash disaster and the fallout of the investigation. plus nuclear concerns. world leaders to gather to keep nukes from terrorists. political fortunes, more presidential nods for mitt. >>> and trailing tiger to win the masters, he will have to make some history. good morning, everyone. i'm alex witt and welcome to "msnbc sunday." just past 9:00 a.m. on the east coast. here's what's happening right now. poland is in mourning after the plane crash that took the life of the polish president and a large swath of the country's leaders. millions of people filled the s

president, september 13th, 14th, and 15th, three major financial institutions failed, layman, a.i.g., and merrill lynch. oh, my god. the shock in the country. regulators were unprepared. they had no warning. panic spread from this wall street debacle as banks lost confidence in the solvency of the financial system and they refused to lend. credit was frozen. consumers start to withdraw their money from failing money market funds. and some of them found out -- am i right on this -- that they weren't insured by the money markets. we had to actually create insurance. the stock market dropped 25% in september alone, mr. president. part of a larger 50% drop from 2008 to 2009. trillions of dollars in pensions and savings wealth were lost. without the tools to handle the crisis, the bush administration was forced to approach us for direct taxpayer assistance. and i will never forget the day when a republican treasury secretary, hank paulson, looked me in the eye and all my colleagues and said, capitalism was on the brink of collapse and i -- and i will tell you, mr. president, i asked him a number of question

financial system and it survived. they also benefited from the fact that lehman brothers is gone, bear stearns is gone, merrill lynch was bought. so there is more market for them to take. that has resulted in very strong numbers for the firm. yes, they are fighting fraud charges from the s.e.c. they continue to fight a larger public relations battle because of the optics of making so much money when people feel as though, what did we get out of this and we don't even potentially have a job in many parts of this country. >> david faber, we'll call on you again, as we always do, to explain this kind of thing as goldman sachs deals with this two-pronged story. thanks. >>> at the u.s. supreme court today, the justices handed down a decision involving animal rights, videotape and the first amendment. a virginia man sold videos of pit bulls in violent dog fights. they were made overseas, he says, where dog fighting is legal. he was arrested and sentenced to three years in prison under a federal law that banned depictions of animal cruelty, but by a vote of 8-1, the supreme court today struck down that law saying it was so bro

financial train, think of it like a train. jp morgan, goldman sachs, general electric number three, morgan stanley, merrill lynch, down the line. lehman brothers and bear stearns were let fail. now goldman sachs' largest competitors in fixed income was lehman brothers. lehman brothers is gone. so goldman sachs now has total control over that marketplace. and so, of course, if the government is picking winners, which they did, they picked jp morgan, they picked goldman sachs, they picked ge, for that matter, and those winners are now able particularly in the banking sector as goldman is, able to suck up all of the business. it's as if all the other cable stations were taken out by the government and suddenly msnbc had all the cable viewers because the government decided to put all the other cable stations out of business. >> what do you make of the fact that now they're pushing back, taking on financial regulatory reform. many people thought this would be a slam dump and that who is going to go and say, i'm supporting and defending wall street? sure enough, some people are doing that. >> they both are. the democrat's plan prese

morgan chase or merrill lynch or citibank or anybody else because the fundamental wall street of the financialinstrument depends on some basic system. for example, the federal reserve has a responsibility to have prices. and treasury secretary paulson before the said the only thing americans can export is the universal financial instruments complaining we don't make any more to other financial instruments. so how do these like j.p. morgan make money? it is by losing. you know what ode upis, pedro? host: what is that? caller: it is other people's money. other people's money. other people's money is the pension fund, all this stuff, all this money is used to transfer wealth to capital gainers so monthly dividends or monthly pension payments or something like that. host: all right, charlie, we're going to leave it there. jane on our line for republicans out of san francisco, california, thanks for waiting. caller: oh, thank you. this is a very interesting topic, and the thing it goes back to is you have people like george soros, who is a fundraiser and he runs a hedge fund, he's a fundraiser for

called, wall street and the financial crisis, the role of investment banks, and yet of course every single witness is related to goldman sachs. nobody here from merrill lynchch lost $41 billion structuring and holding onto it cdos. to be from citigroup which lost even more, or morgan stanley, some of the investment banks that lost a great deal of money in these various products in the mortgage market. nonetheless, certainly as you say, there will be focus on the short side of the trade as there always is. that having been in this case, mr. paulson pacific to the abacas cdo. >> when goldman reported results that first quarter where we got an idea of how they fared after everyone else was devastated by holding onto the longs, we said, doesn't it make sense? goldman is smart. at that point we were still in an environment where you could give kudos to having anticipated the housing bubble bursting. but in the benefit of hindsight now, everyone seems to think it was a slam dunk. that goldman nev maman knew it to collapse. they had a conveyor belt of securities to ram down clients' those as they shorted the housing market. that's what you're going to hear today.

financial collapse, goldman shines with 79% profit rise. bank's bets pay off. and this one, goldman profit soars, lifted by mortgage bets. this all, in the same week that wall street rivals merrill lynch, bare stearns, saw profits decline. was goldman that smart? or did they manipulate the market to profit off the housing prices that some senators firmly believe they did that. >> they believe they made a lot of money. i love the way david brooks put it in today's "new york times." he says goldman will have to decide to portray gemss as dumb but decent, or smart and sleazy. that's a big choice. it's going to play out in the senate hearing room. our jon karl will be there. and he joins us with the latest. >> reporter: good morning. this showdown could not come as a more politically important time. it is dominating the news here, just as congress is considering and fighting over the most sweeping regulations for wall street since the great depression. the accusations against goldman sachs are explosive. senator carl levin says the bank made billions, profiting off a financial meltdown it helped cause. and then, misled their clients and the american people about what they did. >> what was

merrill lynch and a managing director of jpmorgan chase. he left jpmorgan to write the last tycoons, which received the 2007 financial times goldman sachs businessbook of the year award. he probably wishes that was the to those of seven just financial times business award. [laughter] after today's wall street journal report on the sec problem. the last tycoon also appeared on the best-seller list of "the new york times," "the wall street journal" and usa today. mr. cohan writes regularly for "fortune magazine," the daily beast, art news and the financial times. he is a contributing editor and writes an opinion column on business for "the new york times." mr. cohan is a graduate of phillips academy, duke univ. of the columbia university graduate school of journalism and the columbia university graduate school of business. he lives in manhattan and in columbia county and york with his wife and his two sons. please welcome williams cohan to the annapolis book festival to talk to you about "house of cards." [applause] >> thank you, speed. it's a pleasure to be here. i didn't realize how over educated i sound. i don't know how many of you were here f