nick hanauer joins me tonight on this subject. good to have you with us.t of good numbers in this economy. we're scratching 18,000 against on the market the market up today. a lot of good number a lot of inequals, what fixes this nick? >> you know the central claim of the trickle-down crowd is that concentrated capital, the profits of corporations are the things that drives growth in the thriving middle class. indeed alls know profits have doubled from about 6% of gdp to 12% of gdp. that's another trillion dollars. so the idea is that the more money courses make the more jobs they create the higher wages they pay, and the more they invest. and the thing that is just shocking is that that is a complete lie, that every year today american public corporations are spending $700 billion not on wages, not on investments in plant and equipment, but in buying their own stock back to jack stock prices. ed, this explains why the stock market can be at 18,000 but business in middle america is still crumby. that's because essentially there's a $700 billion a year game

that's what guest columnist nick hanauer says. and he would know, because the billionaire investor has transferred more than a little wealth himself through stock buybacks. learn how they work, and read his argument against them on our homepage. that's at pbs.org/newshour. >> woodruff: and that's the newshour for tonight. on friday, we'll look at a scathing report on the failures to ease the humanitarian crisis in syria. i'm judy woodruff. >> ifill: and i'm gwen ifill. we'll see you on-line, and again here tomorrow evening with mark shields and michael gerson. for all of us here at the pbs newshour, thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> lincoln financial-- committed to helping you take charge of your life and become you're own chief life officer. >> and with the ongoing support of these institutions >> this program was made possible by the corporation for public broadcasting. and by contributions to your pb

nick hanauer, thanks so much. we'll do it again. that's "the ed show." i'm ed shultz. "politics nation" with reverend al sharpton starts right now. \s. >> good evening, ed. breaking news tonight in ferguson where right now a manhunt is on for the gunman who shot twot officers. this afternoon a s.w.a.t. team surrounding a house, police taking in three people for questioning, though no arrests have been made. the violence coming at midnight last night after the police chief resigned when a mostly peaceful rally was interrupted by gunfire. [ screaming ] [ bleep ]. >> reporter: both officers were rushed to the hospital in serious condition, treated and released this morning. now the rush to find the shooter. >> when this happened when they heard the shots, and when they heard the bullets singing past that they saw muzzle flashes, but the muzzle flashes were probably about 125 yards away. this is the number one priority right now of the st. louis county police department to identify these individuals. that individual or individuals who shot our police officers. >> today con