murdoch's plans to start charging for all things, dot.com? will it work?hat it means for the internet model. dennis is talking about paper click. oof! i hope he has that insurance. aflac! you really need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac! >>> here's some more real deals coming at you. i noticed a nifty little data point today. the s&p 500 index is up 50% or so since march. huge move. liking that. always like to see charts when they go from here to here. i just don't like the thing that preceded it, right? now let's look at the s&p since july 10th. since july 10th, it is nicely up a handsome 14%, okay? 14% in matter of days. burt here's the thing that grabbed me. there's the thing called the xlf. it is the most abused and abandoned and hated index out there, since july 10th, it's up 26%.

rupert murdoch, chairman of news corp. says that the economic picture is so bleak that he's going to start charging for all online content derived from his newspapers and television channels. matthew price reports from new york. >> this is the capital city of america's newspaper industry. for new york's newspaper vendors, the golden age is over. do you sell the same volume of newspapers that you did? >> people are not buying papers like in the old times. >> why would hyde park with my hard-earned money to buy a paper like "the wall street journal," when i get the same content online for absolutely nothing? that is precisely the question that "the wall street journal," have been grappling with for quite a while. while it is true that i can click on some of the news content and read through that without paying a penny, when it comes to some of the more premium contact -- premium content, they say that i cannot read it without subscribing and paying a fee. >> we over -- we have over 1 million people who put down money to get

our winner rupert murdoch.to be bill o'riley or anybody else who thinks they decide what goes on even for a minute on fox news channel? rupert murdoch according to "the new york times" piece has muzzled billo and kept him from speaking his mind because, quote, what billo said could create real consequences for fox's parent corporation. how dare you muzzle o'riley, mr. murdoch? how dare you, sir? this is the essence of corporate interference in the marketplace of ideas and it is shameful. solidarity, brother bill. free yourself from your corporate shackles. solidarity! rupert murdoch, who could never get away with that here, today's worst person in the world! hi. number two, please. would you like that to hurt now or later? uh, what? sir, it's a simple question. do you want heartburn pain, now or later? these heartburn medicines make you choose... between hurting now or later. pepcid complete doesn't. it starts to neutralize acid in seconds... and keeps it under control all day or all night. sometimes you gotta

our winner rupert murdoch.e to be bill o'riley or anybody else who thinks they decide what goes on even for a minute on fox news channel? rupert murdoch according to "the new york times" piece has musclmu muzzled billo and kept him from speaking his mind because, quote, what billo said could create real consequences for fox's parent corporation. how dare you muzzle o'riley, mr. murdoch? how dare you, sir? this is the essence of corporate infeerns in the marketplace of ideas and it is shameful. solidarity, brother bill. free yourself from your corporate shackles. solidarity! rupert murdoch, who could never get away with that here, today's worst person in the world! we call the bunches in honey bunches of oats e prize in the box. well, now there's a prize inside the prize. pecans! pecans! baked into crunchy oat bunches. taste the delicious surprise in every spoonful. new honey bunches of oats with pecan bunches. beautiful. are enjoying the new palm pre from sprint. its revolutionary web os allows multiple applica

murdoch.ould you like to be bill o'reilly or anybody else who thinks they decide what goes on even for a minute on fox news channel? rupert murdoch according to "the new york times" piece has muzzled billo and kept him from speaking his mind because, quote, what billo said could create real consequences for fox's parent corporation. how dare you muzzle o'reilly, mr. murdoch. this is the essence of corporate interference in the marketplace of ideas and it is shameful. solidarity, brother bill. free yourself from your corporate shackles. solidarity! rupert murdoch, who could never get away with that here, today's worst person in the world! (announcer) your doctor knows tylenol doesn't interfere with certain high blood pressure medicines the way aleve metimes can. that's one reason why doctors recommend tylenol more than any other brand of pain reliever. are enjoying the new palm pre from sprint. its revolutionary web os allows multiple applications to run at the same time. - ( thunder and rain )

what is murdoch doing next?>> the cable division is showing weakness. 16 companies like lowe's with the glen beck program. three dozen advertisers refuse to pot spots on the talk show. murdoch said tension in the newspapers were operating the profit drop by nearly half and murdoch was forced to post an ad in the free lont on paper. they are writing down the valley by 2.8 billion as it struggles with declining ad revenues, raising questions as to why he wants to sell the indeces with profitable divisions. the media giant has the caps and it doesn't need the money. analysts say murdoch is simply eliminating distraction. >> it's a lot of challenges. the management needs to keep track of time spent on which business they will focus on. >> my space with huge write downs and significant layoffs is focusing on entertainment to distinguish itself from facebook. murdoch has his hands full. one thing that will be a problem if the cable network has to be afraid of offending advertisers. one footnote is jpmorgan has an inve

we're back with keith boykin, jerry boyer, liz chadderdon and deroy murdoch. let me run this rich people's tax hike for a second. take a listen. >> i believe in our constitution, and it's a very important thing. i also get my news from the cable networks because i don't like the spin that comes from them other places. >> you've got to be careful about them cable networks, though. that's okay. go ahead. go on with your question. >> we keep getting the bull. that's all we get is bull. you can't tell us how you're going to pay for this. the only way you're going to get that money is to raise our taxes. you said you wouldn't. you are absolutely right that i can't cover another 46 million people for free. but let's assume it costs about $30 billion a year over ten years. we do have to come up with that money. when i was campaigning, i made a promise that i would not raise your taxes if you made $250,000 a year or less. that's what i said. but i said that for people like myself who make more than that there's nothing wrong with me paying a little bit more in order t

have you written a book about murdoch. you have a lot of insight into his personality, into how he works. is he going to be sort of a trend-setter here? do you think this is going to be a success, or does he risk falling sort of flat on his face when people say, you know what, i'm not going to pay. i'm going to go to "the new york times" or somewhere else where i can get this news for free? >> he is certainly going to try to be a trend-setter. in some sense this is a hail mary pass. rupert is really up against it. he's made absolutely counterintuitive bets. he's bet on the newspaper business. this is what he wants. he wants to continue to be the man who owns the news, even as the news business is changing under his feet. the problem with this idea that -- that newspapers now have to -- have to charge for content, that if they could all get together and all agree to do it, that would work, is preposterous. because it goes back to an old idea that news companies monopolize the news. you couldn't possibly get them all togethe

so it's really surprising and interesting that this is a part of the business that rupert murdoch is clearly looking to monetize something that has value. now, maria, this comes at a time when rupert murdoch and his recently appointed digital officer john miller are talking about charging for all of the company's newspapers. earlier this week they shut down a small newspaper in london. they're clearly looking to cut their losses. that paper was losing about $20 million a year. now they're looking to charge for more newspapers, applying the model of the "wall street journal" to the other assets. this really is a period of a lot of change in the newspaper division, and news karp -- and it's interesting that they're taking this approach. >> thanks very much, julia boorstin, with the latest there. up yex the impact on big business. we're going to take a look. the incoming ceo of cardinal health will give us his take. also, later on on the program the long and short of investing the current market. one leading market watcher and investor will -- it may be worth adding to your portfolio.0-

. >>> rupert murdoch wants to start charging for online news content. murdoch's news corp. owns the "wall street journal," the "new york post" and fox news, among others. the company has suffered from the slump in ad revenue. murdoch says, "an industry that gives away its content is cannibalizing its ability to do good reporting." end quote. of course, the big question for all of the rest of us is, is everyone else going to have to start charging for content? will the model work? will people pay for it? there are lots of questions out there but looks like they're going to do it. >> they'll find out how much their fans really like them. courtney reagan, thank you. >>> 11:48. 72 degrees. an update on the breaking news we told you about, a fire at a house filled with snakes. >>> plus another check on the >>> break news for you now. firefighters are oe fouirn th i section of fairfax county. megan mcgrath is there with details. we understand the home was full of snakes? >> reporter: yeah, a bits of a surprise for firefighters responding to a routine house fire here in the kings

. >> now rupert murdoch plans to charge people for reading all of his newspapers on line. >> reporterthe capital city of america's newspaper industry, but for new york's newspaper vendors, the golden age is over. do you sell the same volume of newspapers as you did? >> not like before. people are not buying papers like the "new york times."^ >> reporter: the point of course is obvious. why, for instance, would i part with my hard-earned money at a newspaper kiosk to buy a paper like the wall street journal where i can get essentially the same content online for absolutely nothing? that is precisely the question that the wall street journal has been grappling with for some sometime. this is their business model. while it's true i can click on some of the news content and read through that at my leisure without paying a opiniony, when it comes to some of the more premium content just down here, when i click on that is correct they say that i can't read it without subscribing and paying a fee. >> we have over a million people who put down money every year to get access to the wall street

rupert murdoch is the one who most immediately comes to mind. but one of the things that really distinguishes hearst is that he was, i think, a great newspaper man, and not just an honor or proprietor. he actually could run his newspapers better than anybody who worked for him. he had just enormous talent as a journalist. and i think he had a much stronger sense of the public could than has ever been credited to murdoch. >> going back, it is kind as if the enquirer said it was going to get bin laden. when you think about it, why couldn't the inquirer say it is trying to get bin laden. if somebody were to do today some of the actions now how do you think the world react? >> there were 48 newspapers in new york. seventeen in the afternoon and the rest in the morning. when after a story they sent everything after it. twenty or 30 reporters was not uncommon to go and chased down a murder. and if there was a scandal involving a politician, same thing. it was just a full-court press. and having an advantage over your competition was really important,

it is what rupert murdoch's described as a challenging environment.llion, and the cable operation is doing well -- it is what rupert murdoch has described as a challenging environment. without neil cavuto, we would not be doing nearly so well. ok. just wanted to see if you're paying attention. anyway, news corp. up slightly better than expected. all right, remember when the auto ceo's got reamed for flying to washington on private jets? these are going to be used to shuttle members of congress and other government officials around. the son of ron pollack joins me right now. he is also going to be making a rather big announcement on this show. -- the son of ron paul joins me. >> i want to say my congressman flying coach and waiting like everybody else to get on the plane. i think everyone is offended by that. remember the congressman from new york? he then ran an advertisement with red lights of a, saying, "your congressman has been flying to paris and rio the janeiro -- with red lights on it, saying, "your congressman has been flying to paris and rio

up next, rupert murdoch said make them pay, but will the plan backfire. we are back in a minute. >> consumer feeling better? the ceo of this altered discounter on why the fast money from frugality is here to stay. this summer rally shows no signs of slowing. the economists called the crisis and said this is the mother of all bear market rallies. wait until you find out why. once left for dead, the chief at i-max on this company's magical turn around. the pit boss takes us down a notch for a long-term play on america's post market shows. taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. >>> time now for the "power lunch" trade to go. today that stock is up by 9%. >> like i said, melissa. the particular hardford is one of the stocks that has been on fire this week. a lot have. they take profits and they roll up to the next strike. they take profits and roll up. this is one of the hot sectors and the hottest stock. >> you would recommend doing that? >> i did that about an hour ago a and

i told him i did not. >> then on to fox. >> our winner, rupert murdoch. how would like to be roger ales right now or bill o'reilly or anybody else who decides what goes on. >> o'reilly responded two days later, aided by a legitimate news story that ge paid $50 million that it cooked the books to mislead investors. >> ge defrauds the public, has to pay 50 million in fines, but could conceivably use taxpayer loan money to do it. amazing. situation directly touches the president because nbc news, owned by ge, has been perhaps barack obama's biggest supporter in the media. and jeff was awarded for that when the president appointed him to his economic advisory board. >> here go again. there's nothing wrong with network commentators taking each other on over issues and their own rhetoric, but the extraordinarily personal nature of this slugfest is making both sides look bad. as their bosses know all too well. >>> still to come, the curtain comes down on mouthpiece theater. how two of washington's top pundits ended their brief video career with a tasteless joke.

i had enough problems with the cash for camels thing in murdoch country. this sears is trading 1-1 with the kenmore brnd name whirlpool. i don't know who is shoring this. a ton of stock too high and a ton of stock 2-0. people were shorting sears knowing that the chair woman shapiro is going after people who do naked shortings. i say good luck. you will be in the spin cycle at sears. i got a good deal on tires a few weeks ago versus costco. >> what are did you get? >> tires. i got tires and michelins for $400. $50 less than costco. >> i ask you to use your editor. i will not ask if that was tire. >> i got two and they threw in the car map and did it in 45 minutes. costco was a 2 1/2 hour wait. they were surly at costco and begging for my business at sears. >> you are looking good and i don't think you will need to buy the pants at kohl's. >> i wish them all the luck in the world. look out because they are shooting the camels. they say you and i don't understand. about shooting mammals from airplanes? this is the code of ethics i don't get? >> the pictures a

. >> now, pert murdoch wants to extend tt model to his other tles. me will scoff at thedea of paying for onlin tabloid aterial, but imagine th only ple you could havseen the recent picture ofichael jackson's ambulance was a scottish merchant websit millions would gladlyave paid. >> we have a gentleman here who needs hp. he s stopped breathing. >> they are also competg against free sites like e bbc. just like t music companies once tried, rupert muoch is nowtaking on the internet if he succeeds, he wl reshape the way tt weonsume news. ife fails, the newspar dustry could wear -- could well fail with it. >> nuclear pwer russian attack submarinesre patrolling off of the easter -- the westn coast of the unit states. the pentagon says that the entagon is monitoring the up maneuvers, but it i not alarmed byhem. what is moscow up to? >> russian submarines are rare enough sit --ight. two nuearower smarines have bn patrolling international waters. russia is flexing its milary muscle. uncomfortable memoriesre being raised of theold war. then, the u.s. and the s

murdoch wants to charge for all his websites, is it brilliant for desperate?ill it change the websites? i don't think so. google would have to start charging to change the rest of the world. >> i don't see it. dennis kneale at "the kudlow report." we'll be right back. cash for clunkers, we will debate. i actually come out in favor of some fiscal tim lus. (announcer) this is nine generations of the world's most revered luxury sedan. this is a history of over 50,000 crash-tested cars... this is the world record for longevity and endurance. and one of the most technologically advanced automobiles on the planet. this is the 9th generation e-class. this is mercedes-benz. and i am the chief shoe giver at toms shoes. i operate my entire business from my phone. i need a network with great coverage, because for every pair of shoes that we sell, we give a pair away to a child in need. it would be impossible for me to do this without a network that works around the world. (announcer) more bars in more places. at&t. the best coverage worldwide. i hope he has that insuranc

governor already spent about $85 million to keep fannie mae and freddie mac going openp >>> rupert murdoch wants to start charging for online newspapers. it could be a risky bet that drives away readers. >>> coming up for "good morning america," is it take fof your friends to get multiple flu shots? stay tuned. i'm jeremy hubbard. >>> all right. 6:23 money we're still waiting for images on the big water main break in manhattan. >> down in lower manhattan, evacuated because of the flooding. we're looking at conditions that might make you think about the pool. as we head into this weekend, check it out. 85, a gorgeous day. we may have clouds for a couple of hours midday. otherwise, two degree guarantee, still 60s. the chance of an evening or overnight thunder shower. that is the leading edge of the real hot edge. high temperatures should generally be in the middle 90s. this will be pushing that air conditioning unit. overnight lows staying in the lower 70s. we'll try to break that heat wave in the latter part of the week. >>> justin, as we look at the outer loop of liberty road, traffic is t

also what rupert murdoch plans to do about the cash that's sitting on the balance sheet. melissa, we're going to be getting some more information about newscorp and coming back to you. thanks so much. >> julia boorstin, we look forward to that. let's get instant analysis on this with porter bibb managing partner at metatech capital partners. >> rupert has a record, a track record of not disappointing the analysts, and he came in about where everybody was expecting newscorp to be. but more and more newscorp is beginning to look like an old media company. he's got some serious problems not just in radio and the book publishing. his newspapers are soft. television is not going to recover, despite his protestations that the advertising slump is over. and he's got some really, really serious problems with units like myspace, which is going to lose its google advertising contract at the end of this year. >> porter, i'm sorry, i have to interrupt you for one minute. we'll come back to you, but i have to go to jim goldman, crazy earnings today, who has the numbers on cisco. those

. >>> rupert murdoch says it is time to stop giving away the news online. the chairman of newscorp says his company will start charging for access to its newspaper websites, including "the wall street journal," within the next year. experts say the company could end up losing money, by driving readers away. >>> in today's "usa today" tech reportthe first iphone application to make turn-by-turn directions. "usa today's" ed baig took it for a ride. and said there were lots of potholes. >> i had issues with the sound. sometimes the voice didn't kick in at all. sometimes the directions came a little bit too late. overall the routing was inper size. but the biggest problem is that you can't have the ap running when the phone rings. overall, right now, i'm going to take a pass. >> and you can read ed's full review on usatoday.com. >>> and you can get the latest siness news anytime on our website. the address is abcnews.com. >>> and when we come back, e florida teen who had a run-in with a hungry shark. the tale of two, little munches. n >>> welcome back. these ar

rupert murdoch says he wants to start charging for some newspapers within the next year.ther newspapers could follow. it could be a risky bet. tals for a swine flu vaccine begins today. is it safe for your kids to get multip for loose shots? and that is your "money scope" report. >>> yo traffic and weather together every 10 minutes. let's check in and with brian. he has a change in tale to tell this morning. >> the first part is good. then the heat will be moving back in. 56 in hagerstown. 60 in woodbridge. we have a cool, refreshing start your day. it is hard to believe we could have such a cool morning. e storm system from yesterday moved off the coast. that will begin to usher in a dryer, more comfortable air mass this afternoon. there will be low humidity. temperatures will be in the mid 80's. a very nice-looking day. some clouds will move been tonight. they will be light. that will begin to transport the milder air for the weekend. tomorrow, near 90. then the mid and upper 90's for sunday. it could be a scorcher. saturday, mid and upper 80's at the beaches. it should

. >> he was the rupert murdoch of his day, a media baron who made millions marketing crime, scandal and crisis. he was so rich he built this castle as a monument to his vanity, so iconic his life story inspired the movie "citizen kane." when william randolph hearst died in 15951 he left future general races of hearsts set for life, safely cushioned in the bubble of their birthright, on february 4, 1974, that bubble burst. >> in berkeley, california, last night the granddaughter of william randolph hearst was abducted by two men and a girl in a bizarre kidnapping. >> it was the kind of story that old man hearst would have loved but few who watched it unfold 35 years ago would have guessed that instead of ransom, these kidnappers wanted attention for their cause even if they weren't quite sure exactly what that cause was. >> i heard her pleading, please, no, not me. >> patty hearst was a 19-year-old college student the third of five daughters born to randolph and catherine hearst, privately schled and groomed for a life of leisure. she had a rebellious streak. she frequently clashed with

call or click today. >>> maybe rupert murdoch may be renting out -- how long is thisuate? >> 183-foot sail boat.

i've wanted "the new york times" to do it but i'm glad murdoch is doing it. you want quality journalism, you're going to pay for quality murdoch. >> it costs money. >> if you can't pay $5 a month for quality journalism, then you don't get it. >> you buy premium cable channels on your cable package, you should be able to afford $3 to $5 a month. >> "the new york times" tried this -- they tried to make you pay to read dowd and freeman and they got rid of it. >> do you know what the problem was? i was one of the few people that paid for that premium service, times select, the problem, though, i would buy it and then see drudge or huffington for free, the articles leaked there. >>> a little weather now. a man who wreaks havoc on this show, bill karins. what's going on, bill? >> we are watching a hurricane in the pacific. it is the first -- almost through the first week of august and we haven't talked about any big storms in the atlantic. this one is out in the pacific. i'll show that you in a second. first let me greet you here on who needs the umbrella. it's rai

. >>> well, rupert murdoch wants to start charging for online news content.owns "the wall street journal," the new york post and fox news among other news outlets. they have suffered from a slump in ad revenue. murdoch says an industry that gives away its content is can balancizing its a ability to do good reporting. be interesting to see if that model works. >> it never seems to be a good thing. >> reporter: never. >> a snake collector is in the hospital after being bitten by his newest acquisition in southeast washington. 31-year-old jason dale had just bought the snake from a neighbor. he thought the snake was a nonpoisonous python, but while ying to pick it up, the snake bit him in the hand and it turns out it was a venemous copperhead. >> in the beginning, only this right here was swollen so i didn't think nothing of it. then about 30 minutes went past and my whole hand was swollen. that's when i said i need to go to the hospital. i get here, my fingers, all that's swollen. now the swelling is spreading up my arm. >> doctors say if dale hadn't received t

the times of london doesn't have that and rupert murdoch in australia does not have that. this is a brilliant move, someone has to do it but i don't think it will work at all. >> i think it will fail utterly. when i was at forbes, we looked how the journal went subscription only, had a million readers, forbes.com had no daily news coverage at all had 10 million readers a month going there to read that stuff and never hurts the magazine subscription. >> remember, wsj.com, rupert has been charging already, they tried it before he bought the paper and company afterwards and got the same kind of lackluster response. >> and from the "new york times" they were charging for the best columnist and ultimately retreated from that. >> that's a half measure. to compare forbes your old shop to the "wall street journal," daily moving news. i'm sure they made a lot more money off the journal than forbes.com. >> i wouldn't be sure of that. >> you can't be sure who what works for the "wall street journal" will work for anyone kneels john, i'm saying it didn't work that well for the "wall s

she advanced it on the pages of rupert murdoch's post and promoted it on right wing talk radio showsincluding one hosted by fred thompson, the actor and former presidential candidate. but once that conspiracy theory got its start, it has been popularized not by people like betsy mccoy nobody ever heard of but by sarah palin and newt gingrich and the i influential republican talk show host rush limbaugh. >> people at a certain age, certain diseases, will be deemed not worth the investment and they will just -- as obama said, they will give them pain pills and they won't even know what happened. >> i have given some full disclosure about my talk radio career. here's a little full disclosure about rush limbaugh's talk radio career. >> august is national make a will month. visit national will month and set aside ten minutes and go to legalzoom.com and get started. do it for yourself, do it for your family. take control. now, legal doom is not a law firm. it was started by top attorneys to provide self-help services at your specific direction. legalzoom.com. >> yeah. talk radio is a small

corp., our parent company last night after the bell, also another negative quarter but rupe are the murdoche chairman came out and said it likes we are seeing good signs of life if his words on the ad space. so it is as much about what you say going forward as what you've done this past quarter. >> can't let you go without talking quickly about cash for clunkers. too many folks are looking if i new car to get rid of the gas guzzler. >> yeah, now the question is f this $2 billion is passed and it probably will be, now, the auto dealerships, they got their demand in place, now they need to make sure they have the supply ready to go. they've had problems with that. normally, auto dealers like to have about a 60-day supply. ford as of the end of the month had 50 days. toyota, 30 days. and the preus, only 13 days supply so it looks like they may have to ram up up production and that is part of what this program is all about. >> sounds like a good deal. good fuss and good news. thank you so much for your time. >>> we are continuing to follow breaking news at this hour. an early morning chase send

betsy mccaughey a bigger platform than she ever had before, bigger than the op-ed page of rupert murdoch's new york post and the magazine had to apologize for after the fact. john stewart braved giving the angel of deathers a big stage on which to propound her nonsense views that scare old people. he braved it so he could totally, utterly, thoroughly discredit her over two entire segments of his 30-minute show and another 10 minutes online. it was a public service, really. >> it seems like this bill is allowing people more control over their lives and your reading of it is hyperbolic and in some cases dangerous. >> in fact this provision is so dangerous -- >> i know. >> i just want -- >> this proifction is so dangerous that systemic finance committee already ripped it out of its draft. >> it's not because it's so dangerous, it's because people so lost their. [ beep ] about it. >> no. no. >> the misinformation that was put out there. look, we can argue about whether or not it's a slippery slope to certain things. but there is absolutely nothing in that reading that says this is a mandatory

television or any corporate media knows that it's a business at the end of the day whether ge or murdoch and fox. you have to make money and the way to make money is by telling viewers to advertisers and the pressure brought to bear does have an effect. the question is, is this the kind of thing that's going to die down? there is this cost benefit issue you sort of highlighted in the intro which is that for every advertiser you drop, if this is the kind of thing that gets ratings, you know, there is going to be other people out there who are going to fill their spaces. i mean, sometimes the deep problem is the fact that this is something that a lot of people, unfortunately, want to watch. >> but unfortunately if your advertising base now becomes guns and ammo magazine -- >> there is lots of gold on fox. >> well, sort of categorize this for me because it would seem that there's a moral level and then as you say a cost benefit analysis level. what are the differences between this story and what ultimately cost don imus his tv show? is accusing a president of racism somehow not as bad as ex

she advanced it on the pages of rupert murdoch's "new york post," she promoted it on right-wing talk shows hosted by fred thompson. but once that conspiracy got it start, it was popularized by people like sarah palin and newt gingrich and the influential republican talk show host, rush limbaugh. >> people of a certain age, with certain diseases will be deemed not worth the investment and they will just, as obama said, they'll give them some pain pills and let them loop out until they die and they don't even know what's happened. >> now, i've given you some full disclosure about my talk radio career. he's some full disclosure about rush limbaugh's radio talk show career. >> visit national will month.com, or better yet, go to legalzoom.com and get started. do it for yourself, do it for your family. take control. now, legalzoom is not a law firm. it was started by top attorneys to provide self-help services at your direction. legalzoom.com. that's legalzoom.com. >> rush limbaugh and i have voiced ads for the same company, a company that i think does a relatively good thing in the world,

tonight's "worst persons in the world," brought to you tonight by rupert murdoch, reporting a drop forp in profits from a billion in profits last year to $200 million in losses this year. and by fixed news celebrating eight days without having fired glenn beck even after he called the president of the united states a racist and even after fox led the attempt to black list dixie chicks in 2003 because one of them merely said she was ashamed george bush came from her native texas. >>> the bronze tonight to lou dobbs. i've never actually seen a full fledged on the air nervous breakdown before but as lou sheds more viewers and more sanity, it seems to be coming to that and quickly and about me. the real stories are just waiting to come out on his tenure at cnn if he wants to play those games. if you're wondering why i'm a little annoyed with the punk he attacked my wife and my daughters. i just can't think why in the world this guy would risk infuriating, annoying, and provoking to anger my wife because she would whip his sorry butt. i guarantee you that. so we're going to be having a lot

murdoch and i have at one time or another sparred. i want to be completely up front about that. i think he's done a great job. i just don't like media companies. i read his publication every day. i watch the -- i just can't recommend it. karen. ooh. karen in new jersey. karen. >> caller: boo-yah, jim. >> boo-yah. >> caller: i'm so excited to talk to you. i love your show. >> thank you. >> caller: and i was wondering. i have allegheny tech. aci. what should i do? >> here's the good news. the good news is they reported a really bad quarter and the stock didn't get hammered. the bad news is i cannot think of a reason in the world to recommend that stock until the mliner is going to be able to ship because they make a lot of the titanium for the dreamliner. so ati, don't buy. >> and remember, that was my stock of the year in 2006, it was the number one name in the s&p 500. we picked it the stock of the year. robert in colorado. hey, robert. >> caller: hey, jimmy jim, i love you, baby. double mile-high boo-yah. >> mutual boo-yah right back at you. >> we're two miles up here in the ro

is owner rupert murdoch so desperate for cash he would sell the icon of his empire? apparently so.dman sachs. you know why he's worried? because their bonuses may be too big. yeah, they're worried that the government's not going to like that. and now charlie gasparino says the executives think they may be victims of anti-semitism. and get out your violins, the superrich are getting poorer. why that's actually bad news for the middle class. >>> and this just in, reports that president obama will raise the ten-year deficit to a whopping, hold on to your seat $9 trillion. fasten that seat belt because "the kudlow report" starts right now. >>> good evening, welcome back to "the kudlow report," larry kudlow has the night off, but don't worry, we still believe that free market capitalism is the best path to prosperity. today all major averages closed at new highs for the year. dow jones industrial average is little over 155 points, finally crossing the 9,500 level here. take a look now at the -- clear this, move it up next to

>> rupert murdoch has the right shoe on this. cbs, begine cbs, ginette. the names are up higher.r. >> go back to june 26th. 75 million shares and we told you to pull the rip cord then. i think it continues to move lower from here. >> a pop for the maker of pete's favorite food. >> oh, boy. >> let me tell you. no one buys more spam than hawaii. that's what these guys make. the feed costs are cheaper. they're doing phenomenally well. giddy-up for the big guys at hormel. >> is that what you eat? >> what a combo. 19.37 when spam was launched. it was in 1937. pop here? >> stock was downgraded today $32 price.. i think you could buy this and you know what else? let's bring microsoft in. microsoft will get in this space as well. >> dropper rbs was down 7%, tim. >> this stock is dead. 70% owned by the uk government in an environment where it's more onerous than it is here, by barclay's. your name over there. >> a pop for edward williams. the 47-year-old kansas native, the definition of lucky after winning the lottery for the second time in one year. mr. williams

rupert murdoch are these right-wing nuts and you keep the right wing nuts on the tv.his guy is a big joke. he is talking about 10,000 lives, like people are commodities. we're out of cattle. -- we are not cattle. if we are human beings and should be provided a service at reasonable cost and it is not happening. he is not offering an option. he is just making of stuff, telling one lie after another. guest: well, if i may respond, forming a group is what insurance is all about. i mean, fundamentally, that is what insurance does. if you have insurance through your employer, you have joined a group. çthe health plan that your employer has selected, or if they give you a variety of options, the health plans are looking at you as a group, not as an individual. which again, is another advantage in forming cooperatives. when you are buying insurance by yourself, that is where you get the medical underwriting. that is where you get -- where the insurance company does exclusions for pre-existing conditions, etc. what i am saying is as individuals, if we can join together as a

rupert murdoch are these right-wing nuts and you keep the right wing nuts on the tv.his guy is a big joke. he is talking about 10,000 lives, like people are commodities. we're out of cattle. -- we are not cattle. if we are human beings and should be provided a service at reasonable cost and it is not happening. he is not offering an option. he is just making of stuff, telling one lie after another. guest: well, if i may respond, forming a group is what insurance is all about. i mean, fundamentally, that is what insurance does. if you have insurance through your employer, you have joined a group. çthe health plan that your employer has selected, or if they give you a variety of options, the health plans are looking at you as a group, not as an individual. which again, is another advantage in forming cooperatives. when you are buying insurance by yourself, that is where you get the medical underwriting. that is where you get -- where the insurance company does exclusions for pre-existing conditions, etc. what i am saying is as individuals, if we can join together as a

i guess it has been a year or so ago when i tried to find a connection with rupert murdoch or what everif he put any money into it. probably about two weeks ago, i heard brian say to someone he was interviewing -- he said to him that his father gave the first dollar to c-span. is there anywhere that i can check on this? i have tried several times. i cannot even find the board of directors anymore. host: i recommend going to the website, c-span.org we run notices letting you know that c-span it is a creation of the cable networks. let's go to the guest. guest: that is an excellent question about the money that was appropriated in the last administration and congress. i cannot speak for the big players. but i can tell you that our community banks, the ones that did get the money, did make the loans into the communities. we have checked with them. that is why they applied for the money when they did apply. we have a pretty good record on that score. host: the president has said that the agency would have the power to set standards and allow companies to compete with innovative products. co

rupert murdoch wants his company to start charging by all news websites by next summer.so warns newscorp could break off relations with kindle. >>> to vote a $2 billion extension for cash for clunkers. harry reid says he has the votes to pass that bill. >>> bank of england leaving the bank rate unchanged to 0.5%. bank of england leaving the rate unchanged, 0.5%. we'll get news later today from the european central bank. bank of england leaving things pat. >>> let's say hello to our guest host, stu schweitzer. stu, it's great to see you here. >> great to be back. >> we have watched a huge run in the markets over the last five, six weeks. and it seems even when the markets get disappointing news they manage to power through it. yesterday down but not by a whole heck of a lot. you're still talking about the s&p above 1,000. so you think things have certainly bounced off the bottom but are we really seeing a recovery here? >> i think we're seeing a temporary recovery because we're going to get this inventory related push to growth in the second half of the year. factories ha