i think we'll be up around 86 or so on sunday. the slight chance for thunderstorms exists more so at the beach this weekend because of a system that is down in virginia beach, down in the carolinas. i think it will be just a little more unsettled in ocean city, but as long as you're not headed south into say the eastern shore of virginia, toward accomack county, i think you're going to be find at the beach this weekend. low temperatures this morning 67 at bwi. we only dropped to 70 or so in hagerstown. so there has been some muggy evenings here. we'll keep those through the weekend. really not window open, more the air conditioner variety. and 84 the high today. so not anything to write home about by august standards. we've seen nice clear weather throughout the afternoon. really nothing on the radar. you have to get way south. might have one stray shower here over toward talbot county this afternoon. and this is about it on maryland's most powerful radar. take you out to the broader view. if it retro grades or backs up, comes from

that i wrote speedwell was a book -- ostensibly about the passion to collect books over 2,000 years or so the books i got me started as a writer of books and my own collection and so if you to look at these books and it is a small selection of this particular subset of books and to look at them you'd say one in the world did they have in common. there is a book up there by david halberstam and a book by isaac asimov and a book by chuck yeager, a couple of books down here by tom wolfe in david mccullough and sue miller the novelist from boston and i could go on and on. but if i ever to open one of these books and to take one i random here, let's say the tom wolfe and and there are a number of them, but this is a bonfire of the vanities, a great novel of the 1980's and if you open you see that it is inscribed. it is great to see you again, i had to read some of his one of the handwriting. talking about my writing style, tom wolfe, november 2nd, 1987, boston. every one of these books is inscribed by the author. and break a number of years, 22 years, in fact,, i wrote a weekly literary featur

and also dwarfs other countries' private investment or public investment in broadband. so i think it's very, very important that we not discourage that. i think the first rule of any broadband plan or anything that comes out of it should be do no harm. we want to make sure we continue to have an environment that's attractive to private capital investment, and that's really the engine that's driving all of this. and tech and telecom are really well poised to help bring the country out of this recession right now. a lot of tech purchases have been put off by companies and residential users as well, and so we are really well poised to actually bring us out of this particular recession versus the earlier recession with the dot.com bubble bursting that was sort of the cause of recession or partial cause of recession. so i think it's the flip side now. so we want to make sure that whatever we do really helps stimulate more private investment as well. >> host: have you seen any indication that the plan is developing all along a line that you don't agree with? >> guest: no, not ye

so if you don't necessarily have people to help replenish that inventory or manufacture, you don't necessarily have a viable business model. so from that standpoint, even though things are necessarily lean, they can't necessarily go leaner, you know, just because of the bottom line. but they are going to be driven by that. >> espin, was your view of how this is going to play? >> i think employment will inch up, we'll probably get up to 10% or above within the next 12 months. the question is is it going to fall or will it continue to hover up at high levels? and that will be a drag going forward if it continues to be so sticky. i think companies have been incredibly successful in cutting their costs, in the face of revenue pressure. the real question, if there isn't a sustainable recovery, what will happen next in the face of a revenue decline? and clearly there isn't so much fat that can be cut off any more from businesses without having to curtail production. so that would be something i would look at going forward. >> max, what happens, once we peak with the unemployment rate, does it stick

into sunday we go, talking about 90 or so late in the afternoon. and hovering around 90 degrees for terrellly part of next week. but you see, not a lot of thunderstorm activity. so some pretty nice weather here over the next few days. >>> on wall street today, stocks are down, but not as much as they had been after investors were disappointed by reports that consumers continue to cut back on spending. the dow jones fell 76 points. the nasdaq fell 23. the s&p dropped 8. the competition is heating up in harford county, and we mean smoking! the 8th annual maryland state barbecue championship is underway in bel air. all the grilling and chilling happens right in the courthouse parking lot. 52 chefs will compete in a barbecue cook-off. the event also features food and craft vendors from across the country. admission is free. the party goes until 10:00 tonight, and saturday from noon until 10. >>> and if you love baseball, the cal ripken world series begins tonight in aberdeen. the cal ripken world series is in its 10th year. this year includes teams fro

heat index around 100 degrees or so. few scattered showers across the area, right now mainly to the north of d.c., everything moving out of here, skies beginning to clear across western ohio into kentucky and west virginia. we are going to look for the hot weather to stick around for a good couple of days or so. tomorrow, we could tie the record. at dulles international airport made it up to 97 degrees, about 50 years ago. looks like we could tie that. i think the record at reagan national is safe at 102 degrees -- definitely not going to hit 102 tomorrow. delmarva beaches looking nice. surf temperature in the mid 70's. outer banks of north carolina it's going to be hot -- 95 degrees for our daytime high. isolated showers, temperatures fall into the 60's tonight, a bit warmer in town, warming up through the 70's into the 80's tomorrow morning, hazy sunshine. tomorrow afternoon is when it's going to get hot -- 94-98 degrees, heat index around the century mark. here is the extended outlook. 98 on monday. mid 90's on tuesda

were at all-time highs. >> one other thing, fah says we don't like the former level, i think 400,000 or soo let's increase it to 729,000 or so inco income, very expensive market, california and some others, but that's not that. the attraction to the program is f for-- >> our viewers are undottubtedl asking how this insanity could be taking place and the answer is traditionally. >> they're one of the biggest contributors of money to congress. >> we should add that, home builde builders, they love these things and if the taxpayers have to take a little risk, hey, you know, i think that's the cost of doing business, robert? >> and what is really amazing on this, the fraud end of it, the hud inspector general warned that all of the same shady characters that are being prosecuted and hounded for the subprime mess are now applying to be in the government program and the numbers-- being approved. so the number of people that are now qualified to offer the taxpayer backed loans are skyrocketing. >> james, thanks for the pleasant last word. ahead, california could be the biggest winner for the cens

most of these products were packed like this, $so, or $20 so for your whole house $150. seal it up and save a ton. >> the older your home the more you'll need to do. and focus on the bathroom because your shower can be wasteful, right? >> yeah. some of the old shower heads we're using, four to seven gallons per minute. now the new federal regulations is 2.5. they've gotten better. if you haven't updated your shower head do it anyway. but the low flow ones like these are 1.75 gallons per minute. so you reduce by 30% more your cost on water savings. >> what about your toilet? >> the toilet is really important. the new toilets are made with 1.6 gallons of flush. the old ones were like seven. >> gee. >> just a ton of waste. a family of four you're talking 16,000 gallons a year you can save by getting a better toilet. they also have dual flush toilets now so if have you a liquid waste press one button and only use .8 gallons. there are tons of savings. >> when luke you look at the fa this is beautiful so you can update the design and save. >> if your faucet was made before 19

around 10:30 or so, we are told that someone sat on a mace canister, apparently causing it to explode and go off, now, apparently there were several people affected by the mace, they did call the fire department to the scene, they were able to get the air cleaned out of the building using fans, we do see the doors open on the front and rear, if appears that business is back to normal here, it is not clear who or how the mace canister exploded. >> everybody's okay, captain mike perry live in baltimore county for us. we've enjoyed a beautiful start to the day, but parts of the area could see storms later this afternoon, a live look outside right now, for a look at what's coming our way, possibly later today, marty is in the outback for us. good afternoon, marty. >> hello, everyone, it's a summer feeling day, i had to cut the coat this afternoon. it wasn't going to cut it at this hour outside. we're starting to see a cause and effect from the weather moving our way. it's not impossible we could see some isolated showers and thundershowers later on, maybe about a 35% chance or so, but tha

within the past three weeks or so, that market has lost nearly 30%. hat's the kind of jitters that you're seeing. today the theme was the regulators may not prop up to help the market. we heard from bocom. in line with expectation webs but the big one tomorrow will be icbc, the world's biggest lender. moving on, we are looking out for that eia data, nymex light sweet crude backing away from that $70 per level at this moment off about 12 cents, $69.07. let's take a quick check on brent, higher, but off about 50 cents, $71.92. and it's over to bertha now. >> we both have names begin, b and i'll take it from here. mark oswald is with us from monument securities. mark, thanks for coming you say with us. the markets, let's start with markets. we overall are still looking at the recovery picture when it comes to equity markets. but this week has been interesting. we had a sell yau at the beginning of the week very much led by the shanghai composite. today it looks like we're seeing something similar again with the shanghai composite taking a turn for the wor

so the trend is you either have developed markets where the smartphones are being purchased or you have emerging markets where very, very inexpensive phones are being purchased for, say, rural china and so you see actually both things happening in the world. what are people doing with it? they're doing things like watching youtube videos, which is actually swamping the carriers' networks with that much data. >> that's the thing. some people feel like there's so much sort of demand and pressure on the network that they're not able to access things like that. i mean, youtube is a big contributor, isn't it? >> yeah, it is. so one of the things we've done is actually build a mobile tv service which uses a different spectrum, it uses broadcasting to get cnbc, for example, down to your cell phone. and that's actually been launched around the united states. >> you've got other uses as well which i find fascinating for the very smart and fast chips. it's not just technology. >> that's right. so we're putting it into all sorts of things. we're putting it into health care. we're putting it into s

so, each card company can only act to reduce or increase rates to default rates when you actually default with them as opposed to other card companies. >> all right. very useful, helpful information. appreciate it. thank you so much for joining us. >> thank you. >>> in july 7.5 million people held multiple jobs. that's according to the bureau of labor statistics. now, with employers cutting back on hours and wages, many are turning to a second job to make extra cash. so, what do you need to know before you start moon lighting? laura riley is a yahoo finance columnist and the author of "money and happiness" and has helpful tips. thank you for being here. >> thank you. >> let's start off with the first things you need to know before you decide to take on extra work. >> the first thing is to think about does it violate your employer's policy? >> right. >> you don't want to jeapordize the first job for the second job. secondly, what is the financial impact? will have you to pay to commute? will have you to pay for daycare? what's the tax implication? will it push you into a higher tax bracket

no surprise we're down today 27 or 28 points or so. a couple of big de-kliners one of those is standard chartered, down 3.the%. the fist half numbers didn't look too bad. they beat expectations. kim in at $2.8 billion. . that to fund small acquisitions in asia, so they say. i guess that's what the reason behind the declines we're seeing there. profits to this company beat expectations of 12%. but they have halved their dividend. they're trying to conserve cash, they say. they believe they're in difficult market conditions is how they put it and the stock is down by just about 5%. elsewhere in the financials, we are seeing strength once again for the likes of barclay's and rbs which ranks among the biggest gainers on the uk market today. patric patricia, how is it looking in germany? >> down 0.8% for the german market below the 4,500 level. but again, volumes are lower than we saw yesterday. we have a couple of outperformers here. allianz, down 0.8%. immune ix re came through with a really good set of numbers. different picture whatsoev

focus on rush limbaugh, who while he has many fans also has many people who don't like rush limbaugh or so i think right now there is a fight within the republican party to find its leadership. i think that would be very decisive and important election for republicans. at this point i don't think they can regain control of congress. but if they lose badly in 2010 will see a push within the republican party to turn more moderate. >> the conservative ascendancy came out of 2007. and now you have a new book out. it is cowritten with nancy maclean, the american conservative movement, 1945 to the president. first of all, why did you start in 1945? >> i think modern conservatism really emerges that appeared to have been conservatives before the second world war. it is primarily a modern movement. so that's why we began in 1945. >> but why, what happened in 1945? >> i think primarily the emergence of the communist issue and the cold war. i think it really gave the conservative movement impetus. and it was coming together of intellectual forces a number of european Émigre intellectuals and others

30 days or so. the government's medicare, medicaid plan, that is a plan that has been working for years and years. i don't believe you can connect the dots with something new with something that has patiently worked. they have gotten paid over the years. neil: i don't know about efficiency. $55 billion opening budget. $400 billion. they said it would never get that big. look at it. >> rob, you should hear the doctors talking about how efficient medicare is. they don't pay them enough. they take forever to pay them. doctors are going broke because of medicare delays and reburment. medicare is not -- reimbursement. medicare is not working efficiently. it would be nice if it were true. >> ben, the numbers speak for themselves. we're talking about the dealers dropping out of cash for clunkers. look at doctors anecdotally who will no longer take medicare. you have more than a quarter of medicare recipients who have trouble finding a primary care physician. only half the physicians take medicaid. we're ju

we have about 1800 or so employees. economists, engineers, lawyers and other professionals and many of them have great expertise and we need to be able to use them and get them involved in these things. and here, the variety, the diversity of their opinion. a critic samples under acting chairman copps during the digital tv transition between january and june. it was very collaborative. we were able to make decisions in real time and information flow was fabulous and that should be a model for how the commissioner works on other issues. >> with their need to be the rule changes how the fcc operates to implement these transparency changes you would like to see? >> in the letter i don't talk about rule changes so much is operational. number one which is should start all of this is a full operational financial and ethics of its of the commission the way you would have if you have one company by being a mother or if you have new top management changes at the top of the company. so what's to a full audit how does it work, how

the market's been moving, let's say the s&p varies about 11 to $12 a day for the past two weeks or so. the vix is saying it should be moving at about 17 or $18 a day. but the bottom line is, there's really nothing going on. the market's been rallying. everybody loves earning. what this is telling me is this extra premium is there because investors are buying and not retail investers big institutional investors are buying puts, buy protection. what that means is retail traders need to start looking at the same thing. >> translate that the means for the investor watching based on what the vix is telling me. >> you've got the strata. calls and puts. we see where they're pricing

there's been a shift in investor psychology it seems in the last week or so. so what's changed? >> what's changed is we've gotten out of an earnings season, the second quarter than earnings season, which wases a pleasant surprise. everybody was caught off-guard. i think people were underinvested in the market coming into earnings. there's a lot of professional investors this market coming into earnings. i think the shorts got squeezed and people rushed into this market to catch momentum and to get involved, you know, when they were underinvested in the marketplace. so i think we've gotten to a point now where we look at valuations and say, wait a minute, yeah, the second quarter earnings were better, yet we still haven't seen top line revenue. we've seen corporate america's ability to cut costs. i think what's changed is we need a major catalyst to move us forward here or we we have to go through a consolidating period. >> susie: what needs to happen for positive buying? >> a few things. first of all, a shift in psychology in the marketplace right now. i would argue that right n

update, we're going to tim because we have some terrible storms in the area and the last two days or sowe want to find out how we're doing. tim. >>> good morning, gigi, we have some severe thunderstorm warnings already in effect. looking at live doppler, we have a severe thunderstorm warning for frederic and york counties because of a line of storms moving in. we watch them move in from the west and we're seeing heavy rain and thunderstorms, strong winds moving through now and you can see the line, it's extending up in a diagonal from westminister to liberty town. there's some pinks and purples in here, and the indication that some are carrying hail. the winds are going to be strong. they're going to be rolling through cherry hills, deep run around 8:04. these are going through, we'll continue to see them roll through. in the bigger scheme of things, here's your watches and warnings for the day. the pinks around frederic and caroll county, that's severe storms. we have flood warnings, the rain will build for baltimore county f cecil county, and we'll keep you posted. we'll have the upda

usually you divide price by book value or earnings or cash flow. some momentum factor or market sentiment factor, but the important thing is how we use those factors to develop our models. i think the ski to have a very rigorous and objective testing process and have a long enough test period so that you know how the model performs in different market conditions. >> now, chao, i know you're not going by liking a company or not, you're going off these quantitative measures, but overall what that's led your portfolio to be is overweight in technology and materials. there are a few that stick out. nest technologies, uplink communication, some of these may be new names to people. >> yeah, i want to highlight a few names that are relatively large portion of our holdings, just to illustrate that our investment principles and like you said, it's true, we don't pick stocks individually, rather, we pick stocks based on some characteristics. so these stocks, i picked, first of all, they span a range of sectors and also, but they do share some qualities such as

the day planner showing you by the mid-day, roughly about 72 degrees or so so. daytime highs in the low 70s across the board. five-day forecast, lots of sunshine right across until we hit the areas of friday. but also a slight chance, a passing shower to the south on monday. at the ends of the week, monday, warming up to the 80s by thursday, friday. fall folks. be prepared. back to you. >> thank you. >>> and a future giant coming you under fire for the new catalogue, but it is controversy that is on the outside. >> yes, the furniture is a great buy, ikea, taking the edge off tonight. it is their first change in 50 years, take a look at the difference. switching the type from future to veranda, who knew it would cause a problem between the fans? one said words can't describe the disgust. there is an on-line petition to get the company to switch back. >> i don't see the difference. >> everybody is saying oh. >> okay, moving on. >>> redskins have one more practice game to go before they start to keep score for real. but you would agree, front office, coaches keepin

a thunderstorm warning in effect there for another 10 to 15 minutes or so. the storms are over harrisburg and moving toward york at this time. we'll watch that line to see if it moves to our area in the next couple hours ago. but really the best rain chances are south of us for the evening hours. 87 the high at the airport. not quite as warm as yesterday. typical high, 85 degrees. only .04 of an inch of rain overnight at the airport. 82 in cambridge. 83 at annapolis. warmer to the north. westminster, 90. the sun is more persistent to our north and northwest. here you can see all the sunshine to the north where it got a little warmer today. here is that line of storms up in pennsylvania running ahead of this cool front, which will really fail to move in, fail to budge this warm, tropical air that we have. it won't be until the weekend, when a front comes out of the northern plains and the great lakes, that we'll be able to purchase some of this tropical air south. speaking of the tropics, we have bill, 135-mile-an-hour winds, well-defined eye in hurricane bil

sht-term interest rates are currently zero, or vy close to it. so it's good bet that rates will rise in the future, a that could keep onomic growth mud. given the soaring deficit an the fact that tas are their lowest in decas it's likely that taxes will rise in e future, too. although paying the debt ia good thing, ring taxes typicalldampen the economy. d, in a rare alignment of investing, growth ocks are so eap these days that even som value managersre looking at th. the drawback to growth fds: when they fa, they fall hard. but magement styles often remain in fashion for fi years or more. you won't have to wait untilhe next cycle to jumpn. i'm john waggor. paul: recapping today's market action stocks round after yestery's selloff. thdow gained 82 points and the nasdaq added 2points. to learn more about the sties in tonight'sroadcast, to watch our streaming video and to te part in our ily blog, go to "night business report" on pbs.org. you can so email us at nbpbs.org. >>usie: that's "nightly business report" for tueay, august 18. i'm susie gharib g

some information you can only find in the basement of an obscure or perhaps not so obscure government agency or office of the u.s. congress and it's just in paper form and unless you live in washington or have a high price hobbyist you can't get access to that so some of that we actually give grants to have digitized. but other information is available but you have to be the most intricate of researchers to find it on line and then sometimes it's available online in a fixed pds to form so you can't create a database and look for the similarities, look for who might be the highest-paid lobbyist or whose -- what government, for in government for example might be spending the most money on hiring lobbyists said the idea is to bring it to get there and make it digestible and available online where citizens today get their information. >> can you get an exit of how that works? a policy, something about government people want to find out about that and a sense wouldn't be able to find out through their own research? sample we are releasing next week has to do with foreign lobbyists, that is

when taking plavix alone or with some other medicines including aspirin, the risk of bleeding may increase so tell your doctor before planning surgery. analways talk to your doctor before taking aspirin or other medicines with plavix, especially if you've had a stroke. if you develop fever or, unexplained weakness or confusion, tell your doctor promptly as these may be signs of a rare but potentially life-threatening condition called ttp, which has been reported rarely, sometimes in less than two weeks after starting therapy. other rare but serious side effects may occur. >> caught in the cross-fire. this is video of a shooting that left a five-year-old fighting for her life. another shooting hit as woman inside their home. reaction to all the street violence. >>> hello again. i'm don so the. that's what people are talking about today, this latest shooting that wound add leader in the cherry hill community. eyewitness news mike hellgren is live. >> reporter: good afternoon. the latest victim is shirley fouts. she's very active and has been for a long time in cherry hill. a 58-year-old woman w

he was at 53%, the same share of the vote he got last november until about a month or so ago and his numbers have been sliding. the significant number is not the overall job approval, it's the fact that independents are breaking away from the president. what's happening is a lot of frustration has been accumulated, playing out in health care. voters were opposed to bailouts. they're overwhelmingly opposed to g.m. and takeovers. most opposed the clash for clunkers program and there was just this frustration people were feeling and it's coming out in play in the town halls we're seeing in the form of debating healthcare but it's really a bigger issue. >> what about pennsylvania, a state doing comfortably for barack obama, arlen specter just two weeks ago up by 11, now down by 12. >> two months ago. it was a two-month gap. still a stunning turn-around. arlen specter, of course hated by republicans in the state, feel he betrayed them when specter supported the stimulus package and then switched parties. now this healthcare debate is really focusing where he 36% is all the support specter

the problem is that it is not a diploma you can take to a job or another college. so you are just wasting your money. >> oreo's diploma costs $200, and although she has that diploma she has not found a job yet. >> you know, how do you interview a cat? >> nice day today. weather wise. >> yes it was. >> we will look ahead to the weekend. vytas? >> looks like we will see more sun and clouds tomorrow. but it will be a pretty good day. 85 degrees. 20 percent chance for a stray shower. 86 on saturday. and more sunshine. temperatures increase more as we get toward sunday. 90. that carries through the early parts of next week. 90 degrees with sun. back to 89 on tuesday. showers return possibly on wednesday and thursday. but the weekend looks decent with plenty of sunshine with high pressure in control. keep an eye to the sky in case of a pop-up shower in the afternoon tomorrow. fabulous weekend ahead. back to you guys. >> thank you, vytas. be in charge of your own personalized forecast. i-radar is available at foxbaltimore.com. use the interactive tool to track coming storms

and so amount of quantities or buy so and so quantities on such and such day. >> scott, real quick, last word. >> and that's one of the bad structural issues with this fund. there are other commodity issues out there that use optimal roll strategies that don't signal as much. the first commodity etfs outside of the gold ones have the structural issue. it's part of their legacy. i have a hard time seeing how these funds survive, actually, another five years or so. i think investors, outside of using these funds to capitalize on these inefficiencies, you know, longer-term investors who want commodity exposure, who want to participate in the democratization of this asset class, are going to look for more efficient funds that do a better job of not getting gamed on the futures curve. >> okay. a point of agreement. we'll leave it there, then, guys. thank you so much. we appreciate it. up next, it survived the subprime crisis and is now successfully modifying mortgages with a lower default rating than the national average. so

they've borrowed a lot of money over the last decade or so. i'm not so sure that the recovery is going to be powered solely by consumer spending. i think it's going to be powered by potential for growth ex ports. i think the recovery in the u.s. will be relatively muted by the fact that it's not going be led initially by consumer spending. nevertheless, i think the figures today for spending will be quite good. i think income will be up and i think spending will be up. so the figures for july are likely to continue to confirm that q3 is looking considerably better than q2. hey region trevor, this is christine here. can we talk about japan? we have record high jobless rate there. do you think this is going to put more pressure on the boj to revert back to full blown quantitative easing? >> well, japan is in a very tough position, isn't it? it's facing record levels of deflation after a long period of suffering from deflation and nothing that they've done seems to have worked. i think they need to start printing money, which is to say quantitativ

military presence or no coalition presence at just over the last 24, 36 hours or so. seven u.s. and british soldiers and marines have been killed in southern afghanistan. >> general mcaffrey, does all of this say to you that, you know, there's a front page story in "the new york times" today about the obama administration trying

and spent the last seven or so years -- yeah, the next seven or so years over here banking. >> in 2006, mark decided to retire from banking. he started up the play rugby program fulltime to give kids in the u.s. an opportunity to play the game he loves so much. >> the number one thing is it's fun. and i think, again, 'cause it's new, it's a level playing field. so, everybody has a place on the team. so, it's fun and it's all inclusive. and i think they're the most important things. but those lead to the kids really getting engaged in the program and really, really working. teamwork, discipline, is a big part of rugby. >> for those of you unfamiliar with the rules of rugby, it's actually quite simple. here's what you need to know. first, the rugby game is played on a field called a "pitch" with two h-shaped goal posts on opposite ends. the object of the game is to get the ball to your end zone and score a touchdown, or in rugby terms a "try." so far, pretty much like football. and just like football, the game begins with a kickoff. now here's where it gets interesting. once the ball hit

. -- people had about a day or so to get ready. bill is the most likely to become a full-fledged hurricane, perhaps a major hurricane. >> anywhere between the carolinas, you better keep an eye out on it. >> this has happened. in 1992, andrew formed. days later, it became a category five devastating florida. as for damage from claudette, it appears there is nothing major. as soon as we get some video from florida, we will show it to you. matt brock, abc 7 news. >> thank you. >>> investigators are looking for a group of men who attacked a graduate student at union -- at george washington university. the victim was waiting for a bus. the man suffered minor injuries. it appears to be a random attack. >>> police are looking for a suspect in an afternoon shooting. a male suffered a graze wound but is expected to be ok. >>> 7 people were shot on saturday. the victims were standing and a bus shelter when somebody opened fire. it may have spilled over from an argument from a nearby block party. >>> police major help to solve the death of a

as a problem we have to look back at at the historical some portion that he found himself in a year or so ago and it was a wonderful thing. my high marks is for doing that. in the two trillion now isn't a problem the problem is how did it get back into a hundred billion or even below? it's all uncharted territory but we have a message with some like this before but there was a true a year ago and he has done well and moving the economy thwart in having the fed assist the economy where it needs. you work with the chairman you know if he's interested in serving again? in the most powerful economic country in the world is not tempted. during the great recession right? we appreciated the for your insight. professor at the university of illinois at chicago. if you head out to buy a car these days... you'll see fewer incentives today compared to 4 months ago - thanks to the cash for clunkers program that's created more immediate demand. you'll remember 4 months ago - car makers were practically giving cars away.. but today they are paring back the extra "cash back" offers.. because the cash for

they take a day or so in the hospital, maybe two. and then you're back home and they have you up and about moving around. and again, speaking to everybody that i've been able to talk to without this thing becoming widely known, my colleagues in the senate and others, they told me what happened with them. the recovery rates are very high. in the 97% range. and looking at either radiation or surgery, those numbers are about the same. some varntes, a little bit of difference. all within the margin of errors. so the success rates have very, very high. i feel very confident that we're going to be in great shape. thank you. thanks. >> on this morning's "washington journal" we'll talk to -- >> on c-span radio, hear 1968 l. b.j. phone calls with his secretary of state deenrusk, presidential nominee richard nixon and billy graham. today on c-span radio. >> leading up to the august recess, house speaker nancy pelosi and other democratic leaders held a press conference to discuss the ongoing process of drafting health care reform legislation an

>> at a store or anywhere. so i'll add some spice and sambuka. >> that will give it a kick. >> and i'll mix that in. >> you were mentioning you guy have a great out door patio. kind of squeezed if between the ronald reagan building, the trade center and really happening during the summer too. >> yes. during the day, they have -- most days they have entertainment out on the plaza. >> thursday and friday they have live music. i was there yesterday. it's beautiful out there. >> from 4:00 to 6:00 they have the music. but the happy hour runs all night from closing, from 4:00 until closing. >> what kind of texture are you hoping to get. >> i'm looking for a nice creamy -- but if i add my egg yoke too fast, it will lump up the mars cap ne. and so once we do this, we'll come back and test everything. after this do you start layering it on to have of the lady fingers. while you do that, we are going to take a break. and by the magic of television, it will be fip -- finished when we come back. and we'll taste some other tas

so smart. flu s or cnkis availle at your chevy dealer. more eligible models qualifies e brecycled,nyone.ec you can get a $3500 or $4500 government rebate. and just announce rebate, you may also qualify for 0% apr for 72 months. that means you can buy a '09 malibu for $271 a h teafr a $3500 government rebate and no do paynt.me go to evfoy.m tacodes.r il >> and welcome back, everybody. checking our top stories at 5:46 this morning. new government numbers are showing the highest annual federal deficit ever. supporters of the new health care bill say researches will pay off. president obama said he will not sign a bill that adds to the deficit. the president and congress will be planning for town hall forums all across the country. >> there will be a public wake at cape cod today to remember eunice kennedy shriver. she died tuesday after a series of strokes. an invitation only funer mass will be head tomorrow. >> a 12-year-old boy is fighting if his life after a serious crash in montgomery county on bridge road and morning star road in german

or four stars, stay away. pay extra here. always use a credit card, too, so you're protected. number two, favorite site of mine, ebay.com. i've been a member forever because you can't beat the ability to fill your walls or buy disney dvds, slightly used or the newest tags, nwt, or designer fun color for a lot, lot less. watch out for shipping costs and also pay with a credit card. number three, this is one of my favorite sites and i love to sprend the woed on this, it's a place that has people who are making crafts or things at home, for gifts. holiday gifts, stationary, etsy.com. support local artists and artisans and get amazingly low prices for things like designer soap. great, great gifts, unique and an excellent value. now that you've take an peek how i manage my money and spending, how can i help with yours? questions about saving money online or in general, call or e-mail me. or sign up on the fan page. there every day and lope to see you there. for even more tips how to save, check out my monthly column, "save me money" in "glamour" magazine on newsstands right now. >>>

southbound harbor tunnel is closed and should be reopening within the next half hour or so.o-way traffic does get by. westbound parkway between falls road, the white lane remains closed as crews repair the road from the earlier water main break. at st. pauls street, everything is quiet. everything is brought to you by 93.1, baltimore's country music station. jamie, back to you. >> kim, thank you. >>> "good morning, maryland" time now 5:20. john hughes, the man behind some of the biggest box office movies from the '80s and '90s has died. he died of a heart attack while visiting family in manhattan. he was best known for "the breakfast club," "16 candles," "pretty in pink" and wrote "home alone." john hughes was 59. >>> ashton kutcher and demi moore got quite a scare when their plane was forced to make an emergency landing in las vegas after the engine overheated. neither actor was hurt. >>> aerosmith postponed at heeft one more weekend concert after front man steven tyler fell off the stage in south dakota. he suffered head, neck and shoulder injuries. he fell while dancing a

they get a new one every year or so. there are many ways to turn discarded phones into gold. >> how much gold will you get out of this? >> 20 kilograms. >> reporter: if you're not aware of how much valuable metal is in your mobile phone, take a look. what can be recycled in a mobile phone? >> translator: in a mobile phone this part of the battery is made of gold. this is gold, too. there's a lot of gold used in mobile phones. in there is a socket and this is also partly made of gold. >> reporter: the transformation process from electronic scrap to precious metals takes up to three months. while this plant is yet to sell the end product, other factories can produce the same output as a small gold mine. a profitable business considering the high price of metals. >> translator: what's significant is that we recycle everything. we don't produce any garbage. >> reporter: the next time you decide to throw away your phone or other gadget, think again. by recycling it you can play your part in improving the environment. >> for m

once the victim is transported, they should open the road within about an hour or so. so expect delays. >> thank you very much, captain mike perry. >>> tonight, we now know the name of a man found stab -- stabbed. 48-year-old andrew gene coaly was found slumped inside a ford explorer with stab wounds to the chest. he was rushed to the hospital in critical condition, where he later died from his injuries. >>> in anne arundel county, a family is disappointed to learn that a teen who fire bombed their home will be getting probation for the crime. it was in retaliation of a homicide for a crofton teenager. today, the 16-year-old driver was placed on probation for first-degree arson. and he will have to complete 100 hours of community service. his parents will also have to pay $10,000 to maximum restitution allowed in juvenile court. >>> a heartbreaking case of animal abuse. more than 20 dogs removed from a home in bad condition. eyewitness news is live. kelly mcpherson is liva -- live in ann anne arundel county. >> reporter: all 21 dogs were found alive. but where they were

insurance, also up there by 1.5% or so. o it's positive across the board on the back of these earnings figures that have been better than anticipated. the dollar cross rates, we know just talking about them, slight wait and see mode. the question is whether or not we'll see the bank of england give any more indication toes changes in their quantitative easing strategy that they have on at the moment. christine. >> hey, louisa. overall, a very good session with the exception of china. lots of concerns there about what the central bank authorities might try to do to reign in liquidity. the nikkei 2251.3% higher. the kospi up 0.4%. the hang seng up 0.2%. earnings obviously in focus. lenovo surging after the company reported smaller than expected loss and the bombay sensitive trading down 0.7%. in terms of oil, this is how the picture is looking for nymex light sweet crude trading higher 7 cents, $72.04 a barrel. and brent is also trading higher as we speak. brent is trading around the levels of $75.59 a barrel, up 8 cents. >> o

not so they could say no or yes other countries. so just a few notes here. bottom line and my question to you is this. because i can't believe the smoking mirrors and the bait and switch signals coming from the white house is how can you add 40-50 million persons under medicare, cut 500 billion from the program without rationing your denying people like me, the elderly any of these other services that we're going to need? sounds like they're going to be doing a lot of rationing, denying, and deferring. medicare as you say does needs fixed but much of it works right now and you mentioned what needs fixed. why throw the baby out with the bath water? why done we take small bites and see what's going on? thank you. [applause] >> i appreciate the comments and what you have expressed is what i have heard from so many. why throw the baby out with the bath water? well, i will tell you and it goes back to my comments from to the last gentleman. we've got -- we've got a system here in alaska that is failing our seniors if you

we will probably only drop another 5 degrees or so. if not, 70 or close to it.to see a much stronger heat up as we go into tomorrow afternoon and then monday afternoon. did not see much precipitation this evening. maryland's most powerful radar up toward the pennsylvania border. on the whole you do see the overall weather pattern has been bringing in those clouds steadily. warm front and much warmer air will begin to push in, that with a little more sunshine, all going to add up to a hot scenario the next couple of days. we'll see about three days of some mighty hot weather. this is what will than finally cool us down. out of the west now as we move into the monday time frame. cool front positions itself over toward west virginia. i think you will see that relief coming in. but get ready for the hot stuff tomorrow. muggy, an isolated thunderstorm tomorrow. a great day to be out. not expecting any kind of rough weather tomorrow. ought to bring the chop up to. again, bay water temperature around 80 degrees. that will feel pretty good. as we go into your forecast f

call or click today. so, how does the iphone make traveling easier? you'd like your own personal tour of paris, there's an app for that. or, you'd like to figure out the metro, there's an app for that. or you'd like to send a postcard home, there's an app for that too, because there's an app for just about anything. only on the iphone. >>> well, a lot of days our "what the ... ?" are outrage stories. you probably know the old saying waste not, want not, right? well, one oregon couple wants to waste not for a whole year. more from our affiliate kgw. >> reporter: you could call the courts your average american couple. a couple with an idea. >> i think it's easier than we thought it would be actually. it really, really is. >> this is going to -- >> reporter: try to go trash free for an entire year. >> our comb post is also under the sink. so, all of our food scraps go in here. >> reporter: from a compost pile, an extensive vegetable garden to more than half a dozen different recycling bin. >> we have the normal curbside recycle and anything that goes out

the airplane, as many as six aboard the helicopter, and so, we don't know if the one person that is reported now to have died, was in the water or on the ground. laura ingle was telling us in hoboken on the new jersey side of the hudson river, there were debris from the helicopter, at least, spread out there. so, we'll learn a lot more when mayor bloomberg has his press conference and will give us more information and what we do know is this. in new york city between the fire department, the police department and our coast guard and everyone in emergency management on the ground they have a lot of experience, perhaps more than at any other place, and, they were there within minutes. and people described a loud boom and they described seeing a plane lose a wing and described is the rotor and blades of this helicopter going in every direction. and, immediately, the divers were there in the water, but, although, rick, you bring up a good point it is a beautiful day, and we have several hours more of daylight they can do the search separations, and the hudson river is a murky mess and i have been in it and it is very dark and murky

so be ready for that. you can't get out of august without a scorcher or two. >> i love to get out and jog and run, but weather it's so muggy and humid, it's like you come back and you're just pouring like somebody poured water all over. >>> exactly. doesn't evaporate. >> not good for running in. that's all for us at:ty. thank you for joining. see you back here tonight for abc 2 news the latest at 11. have i a great evening! carol! denise! you've lost weight! it's just all these giant things make me look small. (chuckle) i hate dieting. me too. that's why i eat this fiber one yogurt. (mr. mehta) it has five grams of fiber, zero fat, and fifty calories. please, this is too creamy and delicious. it's true, only fifty calories. i am adding this to my list.

basically since the reported earnings a month or so ago. intel's earnings were fantastic. then you look at the valuations. is it worthy of it? no. that pulls back as well. ? it is now down by about 3%. jim goldman is on that conference call. we'll keep you updated as the session goes on. next trade here. they trade lower but financials continue to lead. american express, got a nice pop in the afternoon. you've seen the first improvement in the credit market in about 18 months. and you saw mid session, a 96% rise on the back of american express. goldman sachs, jpmorgan had some nice performances together. >> the thing that was interesting, moderating credit losses, you talked about a divergence between write-off and employment. that's the first time we've seen. that that is a positive. then anyone that had credit card exposure like a bank of america, even though it was stronger in the day, really caught more strength at the end of the day after these comments came out. that is a nice thing. probably not bad news for capital one. >> she's had that cold. i've been wrong. amer

right near fredericksburg, and move right up into southern maryland perhaps in an hour and a half or so. elsewhere, further west to the north we have sunshine breaking out and the temperatures this morning are down in the mid-50s. these are the morning lows. 64 in washington. and this is probably going to be the cooling day since early june. right now where the sun broke out, fredricks is nice and bright and near 70. elsewhere we are near the 60s and arou the network, silver spring, they had a morning low of 61. look at the monthly rain. 4 1/2 inches there. and reagan bottomed out in the 40s this morning. and the eastern shore in the upper 60s where they had some of the rain passing through. other areas of rain around the outer banks. meanwhile out on the tropics, here is what is going on. florida, and cuba, and haiti, and this is a developing depression. we will keep an eye on this slowing tracking off to the west and may bring rain to the virgin islands over the next day or so and could become tropical storm erica. now, we have cool air and a stalled front south and east with a weak l

am jen is off by 1% or so. a panel ruling against one of the key drug disciplines a downgrade there. a number of names under pressure today. about 4-1 or so and declining to advancing ones here at the nasdaq to give you an idea of the weakness we are seeing internally. >> thank you very much, scott and bob. we have 34 bull marks since the year 1900. we learned about what to do when the debate starts as to whether the bull run is behind us or not. tim is the chief investment strategist and it's good to see you. i know you have crunched the numbers every which way. where do we stand right now. is the story up 10% for the year and we could have more to go and up 50% from the low and the rally is getting long in the tube. >> certainly 50% off of the low, that's the biggest rise we have seen since 1938. this has been a fast move. at a time when it started with the highest volatility since 1930. it's one of the reasons why we wanted to get positioned early on with the news and a fast move higher. yet we know we are a