live report from the new york stock exchange. here is a live look at the big board.dow is up 118 points. >> it's a big box store, target's big plan for the big city and why it won't look like any other target store. and is it really a great white shark? the toothless look alike that is causing a scare. >> here is something you don't hear every day, bart has millions of dollars in surplus money. >>> i'm meteorologist kristine hanson. welcome back. i don't know about you, it's summer and we are supposed to see a bit more sun. here is the statewide forecast, 93 in sacramento and 98 in fresno. sierras, temperatures will be 80s and hot in southern california desert. warmer temperatures over the weekend for us. >>> this morning, a former official with the department of agriculture who was fired what was thought to be racist remarks is calling for a meeting with president obama. yesterday, the white house apologized to shirley sherrod and offered a new job to her. she was fired after excerpts of a speech she made was posted on tea party conservative blog. her remarks were t

live report from the new york stock exchange. here is a live look -- we don't have it today. 'll go to the new york stock exchange and dow is pretty flat right now. >> very latest on an airline tragedy unfolding in pakistan. coming up, americans that were among the passengers. >> and pregnant cow, safety threat the animal was posing and some say it never should have happened. >>> it's 6:44 and means california forecast. pockets of sunshine developing along coast. big sur 52 and san diego, 57. relatively mild in the central valley, 84 in sacramento. hot spot, palm springs at 99 and sunshine around tahoe, 78. >>> developing news, u.s. embassy says two americans were among the 152 people killed in plane crash at pakistan's capital. it was trying to land during stormy weather. crews searched the hills and forest and were not able to find any survivors. that contradicts initial reports that a handful survived. you can see the smoldering wreckage. it was operated by a private carrier. >>> in th morning we learned that ellen tauscher is fighting cancer. he is now an under secretary o

new york famous, some of the people making new jersey famous. that's the cast of "jersey shore" showing off their tans at the new york stock exchange. their appearance worked well. they have lots of confidence, but consumer confidence is down because of job concerns. that kept stocks in a narrow range today. dow up, nasdaq lower. a big deal going down linking silicon valley to the happiest place on earth and disney said it will buy the social gaming startup said to be woirt $563 million puts disney smack in the video game industry. >> scott, thanks. >>> a question that's been pondered for generations. what's the secret to living a long life? new research says the answer may lie in the company you keep. erika edwards has the story. >> reporter: girlfriends with guy friends, new friends and old ones. a new study suggests that social connections may help you live a longer life. researchers looked at nearly 150 studies on human interaction and concluded that having friends, neighbors, family and coworkers increases our survival odds by at least half. in fact, social isolation was found to be as risky to your health as smoking, obesity,

we have a live report from the new york stock exchange straight ahead. t now you've got a live look at the big board. it looks like the dow is down nearly 73 points. and very good news for hundreds of thousands of californians forced to buy flood insurance even when they don't need it. >> the gulf welcomes news the oil is stopped and wonders what comes next. i'll tell you coming up. [ cell phone rings ] [ john ] i love these new cell phones. [ wife ] he just got a new phone and he can't stop using it. boom! profile pic. [ cell phone rings ] do you guys needs a moment? since john is always on his phone, we thought he'd like using wells fargo mobile banking. just paid the electric bill. wow. he's able to pay his bills, check his balance. wow. [ banker ] even transfer money between accounts. i can tell you what's playing, if you like. i can tell you, too. see? oh. [ male announcer ] wells fargo. with you when life is mobile. ♪ [ male announcer ] wells fargo. with you when life is mobile. [ kid 1 ] waa ow so we love summertime fun! ...wearing our farite color

there believe it or not she rang the opening bell and this is the first time at the new york stock exchange the guest passes were completely sold out everyone hand them out to their friends is that i think the a little uncomfortable. it disturbs me yes but at the same time i mean we're in a really not such a great situation with the economy we're nearing one point seven trillion dollars and in terms of the federal deficit so i can understand why some of these guys on wall street might want to be entertained by a girl with the bump but you know interesting take fitting clothes i mean we can show you need to get cheered up when we can show just how entertaining she is we have a little clip of play. like you know always down to party but this is a really serious matter for me i went to school to be a vet tech yes animals have always been my passion i only have one semester last until i was a license that tax and the oil spill it's really really affecting these animals and i feel like nobody realizes that you know is it true. all right so yes very deep words coming from snooki and yet she sold

at the new york stock exchange at the new york stock exchange. >> you may have noticed trips to the gastion are a little less painful. gas prices are down nationwide. a gallon averaged 2.72. california drivers pay 3.13 a gallon. gz gulf coast has lowest prices at 2.55. it's usually high in the summer season but analysts say americans are holding on to their quash. >> california health officials say the state is in the midst of a whooping cough epidemic and they are urging children to be vaccinated. there has been 1500 confirmed cases so far. that is the most since the 1950s and five have been fatal. infants are most vulnerable and they recommend vaccinations at two months, four months and six months and a booster at about three and a half years of age. >> they cough and cough and they basically suffocate and sometimes they stop breathing. >> contra costa health services department will hold a free clinic in concord on this thursday. clinic will take place from 4:00 to 9:00 at the music and market event. >> they are reporting a major breakthrough in the fight against aids. scientists say

new york this morning. green dot is there. at the new york stock exchange. california company there, celebrating a bit. we also can celebrate a couple of god earnings reports. caterpillar and eli lilly, two big stocks there could see a much higher opening. numbers will appear momentarily. feeling good after some losses yesterday. >>> we made it to thursday, july 22, i'm dave clarke. >> i'm pam cook. time now, 6:30. >> arson investigation happening this hour at sfo. fire destroyed 7 cars there overnight. we're out there and have the latest on this investigation. >> reporter: good morning, dave. tow truck crews making quick work of this. they are in the process of towing away the fourth of 7 cars, arson investigators have spent hours out here and have targeted their focus the the damage is significant. we don't know what started it, but we know parking attendant spotted the fire after midnight, called 911, but six cars suffered heavy damage and others suffered minor damage. right now, the airport is trying 20 get ahold of the owners of these cars. they are doing it by getting license plates and running t

www.abc7.com. >> ford is unveiling a new downsized explorer. >> jane king is live at the new york stock exchangend beer being packaged in the kin of dead squirrels? >> it's a sorry day on wall street. in unveil a new explorer today. this cross over suv has a v-6 engine and has 20% better fuel economy. it goes on sale in december. possible good news for small businesses, obama is on the verge as creating $300 billion in credit for small businesses. and it's quiet today. away do have a report on new home sales. that comes out at the top of the hour. it's expected to show sales in june pretty close to a record low. we do have possibility of fed ex raising forecasts we swee have mixed. and it looks like this silicon index down half percent. google is fighting over a new market selling a program to the federal government. they are installed the servers. strongest beer of sold, i'm talking about scotland's brew dog, it's potent beer, 55% alcohol. it sold out within hours. according to it they packaged the limited edition in the bodies of dead squirrels. thousand dollars each the costliest beer ever so

we'll have a live view of what is going on in wall street in about 15 minutes from the new york stock exchanges>> first san jose firefighters ever being laid off will hand in their gear in two hours from now. they are following victim to deep budget cuts today. teresa garcia is live in san jose with the very latest. >> it's an historical moment that never before the city's history have they had a load of layoffs and station closures as firefighters will show up to the fire training center and turn in their badges and uniforms and safety gear. there are 51 of them losing their jobs. warning signs have been posted on communications hill informing residents of the upcoming closure. three other stations will be operating reduced staff and equipment. in order to balance the budget shortfall, san jose asked every employee union to give up wages and benefits to close the gap. they offered concessions like pay cuts and. >> they decided to move ahead with the layoffs. >> there will be many, many, many, emergencies that occur where will there be a delayed response, either immediately or subsequently depe

and they are on the new york stock exchange is real id.y are celebrating public go -- going public there this morning. they-- they do 3-d technology. >> it is real. >> which is very popular, of course, doing well in the movie theaters that is for sure. so it looks like a pretty good day following a lot of losses last week so it looks like a rebound this morning. we will get you those numbers in just a moment. >> all right. and we will say good morning to you, thank you for joining us here on the ktvu morning news, i am dave clark. >> good morning. i am pam cook. time now is 6:30. >> the chp just released new information about the firefight on interstate -- [ inaudible ] >> -- right to tara moriarty, so tara, what is the latest? what did you find out? >> reporter: well, fbi agents are interviewing the suspect soon. he is listed in serious but stable condition here at highland hospital. he suffered at least half a dozen gunshot wound and that figure actually would have been higher except he was wearing body armor at the time of the shooting.

we are looking at live pictures from the new york stock exchange opening bell is going to ring. friday. banks could be hurt by new financial regulations. we'll go live to the new york stock exchange in 16 minutes. >> search is on in oakland in looking for a sniper that opened fire while police were trying to make an arrest. swat officers searched a building for several hours overnight. terry mcsweeney is live in oakland police headquarters. what did they find? >> reporter: the search did not turn up a suspect but it turn up evidence that it may have been planned well ahead of time. eighth and market streets 11:30 last night police are making a stop on a vehicle some kind of marijuana bust. certainly that became inconsequence consequential when somebody opened fire. lots of squad cars. police did not enter the individual apartment units. they weren't sure where the sniper was. officers thought they got a break when they found a surveillance room in the apartment building. >> this an effort to sea if there was any video that captured the shooting that is where we went to first. app

at the new york stock exchange, new york's business report. >> an accessory that makes gas a little lessrom thousands of pumps statewide. problem is with the clip. those nozzles are fairly new and they may have a design flaw that can cause overflow. officials are work with the manufacturer to correct the flaw. >> lights is camera and action in oakland where filming is underway in the new brad pitt move "moneyball" where the film portrays oakland a's amazing winning streak. >> they spend money on restaurants, dry-cleaning, office supplies. >> to be involved witness, everybody is here and kind of excited. >> i want to be a star like brad pitt. i've been waiting all my life. >> hundreds of extras will be paid for taking part in the movie. thousands of others will be volunteers filling seats in the ballpark. filming for "moneyball" is expected to last ten days. for more information on how to sign up to be an extra, go to our website at www.abc7.com under see it on tv. >> and if there is angelina jolie signings we'll let you know. >> and at 6:00 a.m., governor being asked about higher office

. >> suzanne: tom, another quite day here at the new york stock exchange. did everybody go to the beach early? it is only wednesday. >> tom: it's only wednesday, and there is plenty of earnings today and still lots more to come. let's get you updated in tonight's "market focus." only one major sector, telecommunications, was in the green on another day of fractional moves for the major indices. verizon led the way for telecom and was the biggest percentage gainer of the dow industrials, up just over 1%. this is a one-month high for the stock. sprint shares were among the most active after its earnings call. the carrier continued to lose money, but not as much as feared. for the first time in three years, it added more wireless customers than it lost, thanks mostly to its prepaid service. it was just a one penny gain for the stock, but volume was about four times normal. sprint also saw building demand for its newest 4g smartphone. speaking of smartphones, taking a page from the apple hype machine, research in motion has scheduled what it calls a special eve

. >> susie: it was a day at the beach here at the new york stock exchange. the jersey shore's "snooki" and mike "the situation" sorrentino brought their tans and big hair to wall street. nicole "snooki" polizzi gave traders a thumbs up before ringing the opening bell, while her m.t.v. cast mates pumped their fists in the air. almost five million viewers watched the show's first season finale back in january. jersey shore's second season premieres thursday night. >> tom: and tom, as you can imagine, it was a bit of a "situation" here on the floor, with lots of traders snapping pictures of the cast that's famous for being famous. clearly no better illustration that they clearly have arrived on the scene. >> that's "nightly business report" for stiew.d, july 27th, i'm susie gharib, have a good night. >> tom: have a great evening, susie. i'm tom hudson. thank you for joining us. we hope to see you right back here torment. tomorrow night chargers "nightly business report" is made possible by: this program was made possible by contributions to your pbs station fro

. >> and live report from new york stock exchange dow is up about 48 points. >> and why a few hours andsire to be in the movies could have you standing next to brad pitt. >> also, governor issues a new threat about the state ease budget ♪ ♪ ye ♪ look, they fit! oh my gosh, are those the jeans from last year? how'd you do it? simple stuff... eating right...whole grain. whole grain? [ female announcer ] people who eat more whole grain tend to have healthier body weights. multigrain cheerios has five whole grains and 110 lightly sweetened calories. more grains. less you! multigrain cheerios. "meg whitman says she'll run california like her company..." seen this attack on meg whitman? who are these people? they're the unions and special interests behind jerry brown. they want jerry brown because, he won't "rock the boat," in sacramento. he'll be the same as he ever was. high taxes. lost jobs. big pensions for state employees. the special interests have chosen their governor. how about you? >>> welcome back. two for tuesday. cloud can cover around the coast. upper 60s around big sur. 57 in s

new york stock exchange, aim jane king with the bloomberg business report. >> food and drug administrationbeing urged to revoke its approval of the drug avastin for breast cancer treatment. they failed to delay cancer symptoms and they found significant toxic risks. loesh is the parent company of genentech and they will die decide whether to take the recommendation. >> security guards at an airport found 18 monkeys hidden beneath his clothes. they found the monkeys inside socks tucked that a man's girdle. he purchased the in monkeys in peru. two of monkeys died en route. he hid them in the clothing to protect them from the x rays. he is charged with smuggling endangered animals. >> a 17-year-old boy can call himself a master of the barter system. listen to this. steven ortiz traded from up an old cell phone to a porsche boxer. he traded for a better phone which he then traded for an i-pod. the i-pod for a series of dirt bikes. dirs bikes for a mack book pro. four run foreare a golf cart. then it gets interesting. a more valuable dirt bike and a series of cars ending with a 1975 ford bronco

live report from the new york stock exchange.early look shows the dow up about 7 points. >> talk about trading up, find out this guy traded an old cell phone for a porsche. >> a man that engaged chp in a 12 minute gun battle is headed 12 minute gun battle is headed to court to make his plea. caitlin: i was diagnosed with scoliosis. when you're 16, nobody wants to go through back surgery. my doctor has letters and pictures of other kids who've gone through the same thing on his walls and that really helped me not be as scared. i'm not worried about my back anymore. i wanna do that again! announcer: at sutter health, our story is you. for more stories, visit sutterhealth.org. >>> welcome back. frances dinglasan with a serious traffic alert. you need to know, westbound 580 at airway boulevard, all lanes are blocked because of a motorcycle accident. traffic is absolutely jammed getting out of livermore at this point. a sig alert has been issued, it will be out there for a whale, four miles an hour. if you have to make your way throug

that really is the cast of the "jersey shore" opening the new york stock exchange. e of the signs of the apocalypse. look for the moon to be blood red. apple announceded new products, including a faster imac. also pushing markets higher, better house prices in the month of may. back to you. >> bp posted a record loss. it's official, ceo tony hayward is being reassigned. we'll check in with charles hadlock in venice, louisiana coming up in just a little bit. >>> cleanup cruise working around the gulf this morning are having a tough time trying to find all the oil that's out there. i know it's surprising, but the oil slick is now the size of new hampshire. they're trying to clean that up. in the meantime, we're talking about the bp ceo who is now ousted, charles hadlock joins us live from louisiana. what's the latest? >> reporter: good morning, laura. the cleanup continues along the gulf coast. we had a delay because of tropical storm bonnie. it put a seven to ten-day they on the whole operation. we're looking at mid-august before the permanent seal is in place on this

at the new york stock exchange i'm jiang king. >> come september, california school kids will spend lesse in the classroom not by choice but as a result of budget cuts. furloughs will be cutting five days of instruction. in san francisco they will spend four fewer days in the classroom. they have been investigating how a shorter year will impact learning. it surveyed 30 of the states' largest districts. >> i think one of the things we saw in our survey that just a little over half of the 30 largest districts in the state are reducing their school year. next year, it will be many more. so what these four days are going to do to those teachers is make it even more improbable task to help the kids who need the most help. >> california watch found the consensus among many school districts is the state is going in the wrong direction. some countries have 200 more stlux days per year, california has had 180. >> just ahead at 6:00, local produce you want to make sure you don't have in your fridge this morning. >> and sitting study that could have you getting out of your chair in a hurry this mo

this morning, the whole cast was onhand to ring the opening bell at the new york stock exchange.upposedly there was so much demand to see them do it, for the first time they ran out of guest passes to bring in -- what's wrong with people? fortunately the historic event was televised and here they are, america's favorite juiceheads on wall street, starting the business day. >> let's get this started, wall street bitches! >> jimmy: she tossed her snookis there is what she did. t it's really just begun. they have an iphone app coming out. guillermo has it, do you like it? >> yes, jimmy. >> jimmy: here's guillermo testing out the new iphone app from "jersey shore." ♪ [ laugh iing ] >> jimmy: well, you look good. you look really good. it's been very, very hot on the east coast lately. and to make matters worst, a thunderstorm has left hundreds of thousands of people in washington, d.c. without power or air conditioning. which i guess is hooked to the power. so really just power, and everything else that goes to it. it's pretty miserable out there. in fact, the heat is so bad, the supr

. >>> a live look at the big board on the new york stock exchange shows the dow jones up 19.5 to 10,544. the nasdaq and s&p up as well. home prices up almost 1.5% in may from april. so some encouraging news on the economy but most of the news in the economy is not that good. >> all right. time now 6:52. we will tell you why one homeowner's plan to go green has neighbors turning red. >> good morning, westbound 80 getting busier from richmond and el cerrito to berkeley. we will tell you more coming up. on a new cadillac cts sport sedan... ..the most acclaimed vehicle in its class and a car and driver 10 best third year in a row. summer brings out the best in all of us, so now's the perfect time to get behind the wheel of a brand new cadillac. now during cadillac's summer's best sales event... get zero percent apr financing for 72 months or this attractive lease offer on a cts sport sedan. >>> all right. time now 6:55. let's go to tori to see what is coming up. >> good morning. coming up in minutes the man who just received a life sentence for killing a navato girl while driving his motorc

right now taking a live look at the big board on the new york stock exchange the dow jones down 116 points. the nasdaq and s&p 500 also down. the nasdaq down 1.5%. >>> amazon.com reports sales of its kendall e reader has boomed since the price was cut. company executives say when it cut the price tag from $259 to $189 kendall sales, reached a tipping point. amazon has never released any sales figures for the device and still refuses to do so. amazon also announced it sold more e books during the last three months than it did hard cover books. >> 6:51. coming up on the ktvu morning news we will find out why some nail technicians are providing free many sciewrs today and where you can get them. >> plus music fans waited in a long line for a chance to honor a bay area gospel music icon. we will have the details of the special tribute today. >> good morning. right now traffic is okay in the east bay. we will tell you more about the morning commute in all parts of the bay coming up. >>> our time now 6:54. let's go to tori. >> coming up we are getting new information on the growing number of fir

the new york stock exchange. this is the nasdaq. we always like to watch that. there some are scary predictions from the fed chair. we'll have more coming up. >>> oakland turning to voters for money. the big bailout issues up for debate tonight. >>> and a live look at the bay bridge toll plaza. the commute getting started here. the backup forming. we're tracking your roadways all around the bay. >>> but we begin with breaking news out of the central valley in fresno this morning. these amazing images coming into our newsroom. a horrible, a deadly freyhound bus crash that happened on highway 99 early this morning about 2:15. greyhoupd bus reportedly crashed with two other cars. northbound highway 99 in fresno is closed down this morning as they try to assist so many people. chp confirms that five people, in fact, died. there were so many other injuries, as you take a look at the impact of that crash. firefighters arriving on the scene as well. the bus reportedly hit a car. it veered off the freeway and hit a eucalyptus tree. we know that the greyhound bus was hea

at the new york stock exchange bloomberg business report. >> researchers say they have made a discovery that could pave the way for new parkinson's disease treatment. they found a molecule to overproduce proteins that are deadly to brain cells. it increases the likely hood of contracting parkinson's. scientists say the discovery could lead to new treatments in five for ten years. study is reported in the journal of nature. >> you in researcher suggests that drinking artificially swedeened beverages may increase pre-term genetic birth. women that had four diet sodas a day were four times more likely to deliver prematurely. they say they are okay in moderation. >>> drugs designed to help people fight addictions is effective in fighting obesity. researchers at a research from in louisiana looked at two drugs one is commonly used to treat alcoholics and heroin addicts and one is used to kick smoking. people that took the drugs and dieted and exercised for one year lost 8% of their body weight. compared to 1.3% that used diet and exercise but no drug. researchers think the drugs help people

and the new york stock exchange. >> so lawrence mcdonald, it's a complex subject but a simple question to start. who won this? >> goldman sachs won it i could have sworn i saw the c.e.o. of goldman sachs doing a cartwheel down park avenue last night. i mean quite frankly, 550 million dollar fine is less than their charitable contributions in 2009. and it's also less than the bonus pool of their top executives. so it's a big win for goldman sachs. >> brown: john coffee, what do you see? >> well, i disagree. every settlement is a compromise and both sides had to give in at an intermediate position. i think the sec got what they most needed. the sec chose here to vindicate a principles more than to maximize the penalty. and that was sound. if you go back to april, in this case was brought, most of the industry was protesting that the sec was pushing the envelope and there was no obligation to make the disclosures the sec wanted. yesterday goldman did admit quite clearly that it made a mistake and that it made inadequate disclosure to its investors, and that it not told them that they were

as you can see, a live look at the big board, the new york stock exchange, 10,235. n response the tech stocks to apple's 2nd quarter earning of -- quarter of 57 billion. now, apple pretty successful at beating analysts' expectations. apple says the numbers translate into a profit that's up 70% from a year ago. they credit the mac sales. the new iphone 4 was available for less than a week during the second quarter. analysts say apple's forecast is a reasonable prediction. >> basically said even since then they've showed no slowdown in demand. in fact, they are selling every phone they can make and they are still backlogged a week in the stores and two to three weeks in the at&t stores. >> apple's forecast 3rd quarter revenues 2.3 billion more than the 2nd quarter. now, apple's report definitely helped tech stocks in asia and europe. but the dow is only up slight despite reports from coca-cola and wells fargo. reporting live in the newsroom, pam cook. back to you. >> thank you, pam. >>> 7:16. well, 30 people were hurt last night, one of them critically, when a united a

cbs news, business and economic correspondent rebecca jarvis has more now from the new york stock exchangegood morning, rebecca. >> good morning. what a difference a couple of days makes. ben bernanke yesterday reassures the markets after spooking them wednesday by telling investors and americans he's willing to do whatever it takes to push bore othering costs down and make them lower so americans can get more money if the jobs picture does than recover quickly. we also heard positivity from ups. this morning we heard from microsoft and american express about the positivity they are seeing as far as business and consumer demand. >> in the midst of this, i understand several big wall street banks are about to be taken for task for huge bonus payments they made during the height of the financial crisis. >> that's correct. kenneth feinberg, obama's appointed pay czar, is going to release the report today, that shows 17 big banks in this country put out $1.6 billion in bonuses that he will say were ill-advised. not lawful but ill-advised. the expectation is we will hear the citigroup, goldman

on tuesday they rang the opening bell at the new york stock exchange.n president obama is showing the love. >> the following individuals shall be excluded from the indoor tanning tax within this bill. snooki, jwoww, the situation, and house minority leader john boehner. >> he wants to be tan. >> taxes were raised on tanning. >> obama doesn't have a problem, obviously. >> reporter: not everyone is a fan. wednesday here on "today," the governor of new jersey told matt the show creates a negative image. >> and then they say this is new jersey. it's not new jersey. >> reporter: but even he had to laugh. >> i have enough problems here. $11 billion deficit, i've got to take snooki and the situation also? come on. >> better buckle yourself in. >> yeah! >> the new season kicks off tonight in miami. so you're wondering, what are they all doing here in seaside heights? they're already taping season three, back here, on the jersey shore. in fact they're now a week into taping. by the way, matt, if you question about how far they've come, and their icon status, thi

one of the funniest things, ringing the new york stock exchange, people are saying that the floor waseen. people were coming from all over the place and they basically just wanted to get a signature, they wanted to get something, maybe a fist bump, maybe learn how to do the hair from snooki. >> oh, man. they said tanning salon stock soared yesterday. maybe that's why. who makes that call? who decides, so-and-so rings the bell? i wonder who does that? >>> last but not least, aretha franklin and condoleezza rice are performing "the diplomat and the diva." "good morning america" will have a lot of stuff. they're covering this intensely. she'll be singing, condoleezza rice will be on the piano. hó [ female announcer ] fact. when pain keeps you up, nothing is proven to help you fall asleep faster than advil pm liqui-gels. rushing real liquid relief to ease you to sleep fast. for nighttime pain, make advil pm your #1 choice. >>> here are some stories to watch today on abc news. we are following a breaking story in islamabad, pakistan. the fatal airline jet crash in a hilly area there during

will begin trading over-the-counter thursday nearly a month after it was delisted by the new york stock exchangedone medicare. they can say they have done a lot, but they have not. they have tried to destroy this president. if we say no to everything, we can destroy you as president. that is what they have done. come on, a young boy. you are smart enough and educated enough to know that the republicans are for the rich. that is why you don't want regulation on banks or businesses. you don't want to take any tax breaks from the businesses. you want to take the money from the working man and they don't have it. host: thank you, paul. guest: i think what paul is voicing is a common frustration among democrats. i find it interesting that, you know, a lot of these calls have not had much to do with financial regulation. i just -- the only reason i say that is because i feel like this bill is very misunderstood. paul said that republicans don't want regulations on banks because the party -- we are the party of the rich. a lot of the problems i have with this bill and that other conservatives have with

will begin trading over-the-counter thursday nearly a month after it was delisted by the new york stock exchangee someone on the republican line. caller: i am 72 years old. not one thing have they done for the working man. they have done medicare. they can say they have done a lot, but they have not. they have tried to destroy this president. if we say no to everything, we can destroy you as president. that is what they have done. come on, a young boy. you are smart enough and educated enough to know that the republicans are for the rich. that is why you don't want regulation on banks or businesses. you don't want to take any tax breaks from the businesses. you want to take the money from the working man and they don't have it. host: thank you, paul. guest: i think what paul is voicing is a common frustration among democrats. i find it interesting that, you know, a lot of these calls have not had much to do with financial regulation. i just -- the only reason i say that is because i feel like this bill is very misunderstood. paul said that republicans don't want regulations on banks because the

stock exchanges not attracting, why that is? you have to wonder how much of the profit that is on the new york stock exchange is made in america versus outside america. what is the payroll inside america versus outside america? what is the wage benefit versus cost per hour? how many american jobs have been created by these corporations in the last several years vs. non american jobs? those types of questions, how much u.s. tax dollars are paid vs. foreign tax dollars, how much subsidy these companies receive to produce jobs overseas -- i have not read the bill, but i ended stand that the energy bill -- but i've understand that the energy bill provides tax credits for creating renewable energy sources in parts of asia. i know that subsidies are paid for in pakistan to develop coal mines. there are things out there that you have to wonder whether the american worker is getting a fair deal or not. as far as surface mining, central the pollution has been surface mining for about 80 years. in the last 40 years, the industry has probably moved 60 billion yards of rock. despite all that activity and mining and a lot of it being done before

stock exchanges not attracting, why that is? you have to wonder how much of the profit that is on the new york stock exchange is made in america versusyroll inside america versus outside america? what is the wage benefit vers cost per hour? how many american jobs have been created by these corporations in the last several years vs. non american jobs? those types of questions, how much u.s. tax dollars are paid vs. foreign tax dollars, how much subsidy these companies receive to produce jobs overseas -- i have not read the bill, but i ended stand that the energy bill -- but i've understand that the eney bill provides tax credits for creating renewable energy sources in parts of asia. i know that subsidies are paid for in pakistan to develop coal mines. there are things out there that you have to wonder whether the american worker is getting a fair deal or not. as far as surface mining, central the pollution has been surface mining for about 80 years. in the last 40 years, the industry has probably moved 60 billioyards of rock. despite all that activity and mining and a lot of it being done before the 19707 surface mining act, the envi

they rang the bell for the new york stock exchange yesterday. >> as if our economy doesn't have enougheverywhere. they're doing this. >> it looks like they cleaned up their act to go there. >> you know snooki is in the middle. >> and where's the situation? >> he's in the white jacket. >> that's pauly. >> the governor of new jersey came on to talk about the economy. here's how the "jersey shore" just happened to come up during the discussion, let's listen. >> some people are saying they're good for the economy in the towns along the jersey shore, that they've increased tourism. you're a guy who needs money in your state. >> we'll find other ways to increase tourism. we'll take snooki and the situation and give them back. i'll do something else, you know. >> all of a sudden you're dumping them on me? >> they're yours to begin with, matt. i have enough problems here. >> i love that. >> most of the cast members are from new york. they're not from jersey. >> no. >> so sees saying, they're you're problem. >> i love that governor christie. he says what he thinks. he says if i'm voted out next

overseas stocks are higher and cnbc's melissa lee is at the new york stock exchange. >> good morning,ess test released on friday. the good news is that all but seven of the 91 banks tested actually passed. the bad news is many say the tests weren't strict enough because they didn't test what's known as the banking portfolio which holds a vast majority of sovereign debt. that could lose value if greece and portugal continue to have problems. the key will be reaction in the stock market and also in the currency markets. natalie? >> thank you, melissa. >>> a sailboat largely made from more than 12,000 recycled bottles docked at sydney harbor after four months crossing the pacific ocean. the idea is to draw attention to ocean pollution from plastic waste. that's incredible. it is 8:04. now to al for a check of the weather. >> thank you very much, nat. we have college-bound graduates here. where are you going to school? >> mercier college. >> ducane university. >> thanks for coming down. let's check your weather. we'll show you as far as our pick city today, nbc bay area san francisco, wid

cnbc's melissa lee is at the new york stock exchange.melissa. >> good morning to you, amy. and the economy is in focus as well with investors weighing second quarter gdp data and revisions to past gdp reports all the way through 2007. now the data today takes on particular importance simply because yesterday st. louis fed president james bullhard warned of japanese-style deflation, meaning long periods of persistently low growth. the good news, though, here is that most fed economists dismiss the probability of deflation, amy. >> all right. melissa lee, thanks so much. 8:03. let's get a check of the weather from al. >>> today's weather is brought to you by denny's $2, $4, $6, $8 dollar menu. try 16 different value meals all day, every day. >> and we've got all these carrie underwood fans here. all here to have a good time. where are you guys from? >> mahopac. >> mahopac, new york. you came all the way down the thruway, a torturous trip, right past rhinebeck. let's check your weather, see what's happening. pick city today happens to be si

cnbc's erin burnett is at the new york stock exchange. earnings jitters today. >>> after an up monday investors here at least are a bit nervous and part of that is because of ibm. it's a huge tech company. earnings were a little bit short of what investors were looking for and that is setting a little bit of a negative tone this morning. it's not all bad news and it's a sign government stimulus has worked in many places. whirlpool which, as you know, makes maytag and kitchenaide appliances, says thanks to federal rebates for efficient appliances results are way better than anyone had looked for. there are good news news spots out there. will the good or bad win out? we're going to get housing data. we've seen a lot of weakness there and earnings from apple. how the ipad does and goldman sachs and whether the bulls or bears win today. >>> and finally now broadway stars were shining at the white house last night during the celebration of "show tunes." president obama praised musicals as an optimistic art form that calls on us to see the bes

new york stock exchange estimates are somewhere between -- estimates are somewhere between $70 million. there is a lot of uncertainty. as much as that is, that is not the line's share of the revenue. there is the potential for the taliban to earn more than that are currently getting. it is hard to measure, but they are almost certainly deriving something in the range of hundreds of millions of dollars a year. we are on slide #9. when we think of afghanistan, we have to realize the situation is not uniform across the country. it is highly localized, with two thirds of the country either poppy-free, or essentially poppy-free. one province the site of the recent coalition effective produces sufficient opium to meet the entire world's and demand. -- world's demand. the variations by region is an opportunity for targeted anti- narcotic efforts. one size does not fit all, and with limited resources, they can be deployed were they are likely to be most effective, or, at least, do the least harm. he said chile, where the taliban -- essentially, or the taliban are in control, opium is grown. wi

cnbc's erin burnett is at the new york stock exchange with details. good morning. obvious question, how did this happen? >> meredith, it's pretty amazing. that number you just shared is the one that hits home, ken feinberg says 80% of the money paid out. this is -- right after the banks got government bailouts, but before they faced restrictions on compensation and they took that window to pay out what he says were unmerited bonuses. he highlighted 17 banks of the 419 that he actually investigated. 11 of those banks have since paid back their t.a.r.p. government bailout money including jpmorgan and goldman. others include well known names like aig and sun trust who haven't paid it back. citigroup was highlighted according to "the new york times" as the worst offender. two-thirds of its several hundred million in bonus payments, that year, went to just two people. one of them named andrew hall. they no longer work for the company, but he is the only name that we know of the 600 people highlighted in this report. we do not have names. >> so in terms of going forward

cnbc's erin burnett is at the new york stock exchange keeping a close eye on fed chairman ben bernankerter: good morning to you, ann. ben bernanke is the person to watch. everyone on wall street wants to hear what he's going to say. in his testimony to congress this afternoon, how will he answer the question about how big the risk is that america is going to fall back into recession? does he think the fed needs to do something else to try to help the economy and perhaps, most important, does he think this economy is going to start adding jobs on a massive scale? those are big questions everyone will be waiting to hear the answers to that. his answers matter but another bright spot, ann, maybe he'll think about this. apple says the economy is doing just fine, thank you very much. ipad sales through the roof, and apple knocking it out of the park on earnings. at least people want those gadgets. back to you. >> erin burnett, thank you so much. now here's brian williams with what's coming up tonight on "nbc nightly news." >>> hey, ann, good morning and thanks. as you may know the bluefin t