people get confused about the taliban and poppy. he supported poppy production when they were in power except for one year due to international pressure and also a sword as glut in the opium supplies. for one year right before 9/11, and in fact eradicated poppy. but they supported it historically and they support it now. so with that in mind, i set out to try and find other examples of how this works. and what happened again and again as it seemed to me that climate change works to these preexisting crazies is a mention in different combinations in different places. those crazies are fundamentally the legacy of the cold war and the economic damage of radical free-market economic policies pushed by the world bank and imf on the global south over the last 20 years. so the legacy of the cold war ngo economic restructuring. the legacy of the cold war and a nutshell, which was the site of the very hot proxy wars is an oversupply of cheap weapons, a social fabric that has been written by attacking its populations that have been dislocated

let's bring in cnn's poppy harlow and lex harris. poppy, let me start with you.hich countries are still aaa rated? >> no longer the united states, wolf. that is for sure. we're going to show you on the screen the 15 remaining aaa-rated countries in the world right now. we were part of this club until 8:00 p.m. eastern last night when s&p removed us from it. everyone from australia to denmark, germany, which is your strongest economy, the netherlands, sweden, the united kingdom, and even the isle of man off the coast of the uk. so this is the harsh reality, as one wall street analyst put it in his note, he believes the emperor had no close to the united states. however, i want to put this in perspective and show you other countries and where they stand in their ratings. let's look at china, japan, brazil and india. china right now, which is the biggest holder of our debt, is rated below us. aa-minus. japan, same. brazil, some of these are wrong on your screen, so i'm going to correct them. japan is rated aaa. brazil is a bbb-plus. india is a bbb-plus. japan, i thi

poppy harlow -- thanks, dan. poppy, you were saying the anticipated number in the 70,000 ballpark.30 blue-chip stocks, all of them down today? >> absolutely. it doesn't matter what company we're talking about, brooke here. the reason you care about the sell-off is you probably own these companies somewhere in your retirement. wherever you look there's red and we bled right into the close, as you see, down 512 points. this comes at a very bad time, ahead of that critical jobs report. remember, for the june jobs report, we got only 18,000 jobs added in the entire month. that was significantly worse than what economists expected, so yes, heading into tomorrow morning, we expect about 75,000 jobs created. it could be better than that. it could also be worse. when investors are telling you with this selling, they think it will be worse than expected. i would not be surprised to see? revision of those numbers heading into tomorrow morning i think there's a disconnect between how companies are doing, their profits are doing pretty well. 70% of the companies that have reported have beat ex

ali velshi, alison kosik, poppy harlow, hau. check in with you later on. >>> putting vets back to work. president obama has a plan for troops returning from iraq and afghanistan. he will unveil it this morning. we will have a preview coming up after the break. >>> also ahead, tanks and gunfire in streets of syrian city streets. we will have a live report. >>> take ago look at the big board. the dow jones industrials is up climbing steadily since the opening bell. the numbers right there. could be a good day. >>> in less than two hours president obama is laying out a plan to help the veterans to find jobs here at home coming back from iraq and afghanistan. brianna keilar, tell us about the president's upcoming announcement. what does he hope to do? >> reporter: big focus on unemployed veterans and getting them back to work. we have advance information about the plan that would include tax credits to businesses that hire veterans. incentives for the private sector to hire veterans and also more training and career counseling to so

right to my friend, poppy harlow. poppy's got the latest. let's send it over to her. >> reporter: reynolds, you've got the wind. i've got the rain. this is the heaviest rain we've got in new york city yet. but, folks, if you're in new york and watching, expect a lot more for a long time. we're at the southernmost tip of new york in battery park city, part of zone "a" that's being evacuated. you'll see a lot of taxis waiting here. they've been filled with people throughout the day. you've got massive, massive apartment buildings here with mandatory evacuations. 370,000 people in new york city, mandatory evacuation for them, the first-ever this city has seen. i myself live a few blocks from here. i had to evacuate at about 4:00 this morning. so this is no joke. just a little while ago, we had a chance to talk to the manhattan borough president. he's in charge of this whole area, right under mike bloomberg, the mayor. take a listen to what he said, especially to those people that are not heeding the warning to evacuate. take a listen. >> you sh

poppy harlow's here to break it all down. poppy, this essentially kicks the united states out of an exclusive aaa club, but what does that mean, really? >> it absolutely does and there are more and more that are saying right now that that is a wakeup call that the united states needed, that it wasn't on a fiscal path that was sustainable and it does. let's take a look at the countries that still retain their aaa credit rating, the united states not among them now, countries like australia, canada, france, germany, the united kingdom, switzerland, the united states was part of that exclusive club up until 8:00 eastern when s&p downgraded it. it is no longer part of that. just to put this in perspective for you, we're still rated at aa plus, that's still a very high rating, this puts us right in line with belgium. this is still a high rating, but the concern is what does this do on one hand to confidence, to the american consumer right now, given the high unemployment, given the lack of consumer confidence, what does it do to t

poppy, we've never had a mandatory evacuation in new york city. you live in the area that's being evacuated. what's going on? are people leaving? are new yorkers who are known for their resilience if i may dare suggest stubbornness. are they taking this advice? are they leaving? >> reporter: we are stubborn and resilient but we know when we have to go. as mayor bloomberg said this storm is the stronger than all of us. we're leaving immediately after your show packing up my apartment a few blocks from here and i'm going to go more inland in manhattan. they are leaving, heeding the warning. you got a hotel right over here to me on the southern tip of battery park. ritz-carlton moving their hundreds of guests out to other hotels. some are going to schools that are turning into shelters. 91 shelters in new york city. mayor bloomberg has called in 900 soldiers, the national guard, 100 army vehicles to try to help, police officers will be down here. where i'm standing, piers, to give you a sense will be covered with water. no question about it starting

meanwhile though, poppy, not talking about policy or politics. how could this affect american consumers? >> it's a very good question. and to be frank here, we don't know exactly what's going to happen. because in the history of this country, our aaa credit rating has never been downgraded. it is an unprecedented move. i spoke to a new york stock exchange trader who said this is unprecedented and we don't know what it will mean going into monday's session. for everyone watching that wonders how does this affect me at home, what we could see is interest rates going up. sort of across the board. if you have an adjustable rate mortgage at home, your interest rate could and might likely go up. if you have a car loan, your interest rate could go up. if you have a privately funded student loan, that interest rate could go up. the availability of credit could get tighter. again, we don't know. that's what's expected will happen. we don't know because it hasn't happened before. i want to point something out again to put this in perspective so people don'

let me ask you this, poppy. what fundamentals in the economy are scaring investors now, would you say? >> reporter: so this is another thing that teddy and i spoke about. it's the fact that keeps coming up. a week and a half ago or so, we got this horrible gdp report showing us the economy is growing slower than we thought. the reason that's still important and ali keeps making this point is that the stock market is a reflection of how companies that are traded there, citigroup, exxon-mobil, how you look at their numbers, they're very strong. but because the gdp report that we got recently was so bad, it's causing everyone to revise their numbers downwards for the second half of the year. saying the outlook isn't going to be rosie. overall for the economy, americans' ability to spend isn't going to be as great as before. ultimately, that will weigh on the companies that are traded in this market. that's how you can reflect and really bring together the fundamentals of the economy and how these companies are trad

go ahead, poppy, can you hear us?> right now, i'm at the southernmost tip of manhattan at a place called south street seaport and i can hear you, but there is a delay here. it is full of tourists, usually. i have not seen one person on the street. i just want to show you what the local businesses are doing here, guys. you can see how heavy the rain is, and take a look at the local businesses, this is a wine shop all boarded up, sandbagged up, and you will see this at every single business we have been driving to here. we are below wall street to give you some perspective, and nothing is open. i have not seen one person. there are no cars even on the roads down here. and the only vehicles that we have been passing by are the e mj si vehic merge en si -- emergency vehicles, and we are making our way toward ground zero. this is flood zone a and you are right, because it is sea level, and only a block away is new york harbor, the east river. i have never in my ten years of new york seen this place, if we can show you, so

12, i know poppy gave some strong language, but perhaps not. i mean, there have been other major countries who have seen their debt downgraded and they've survived just fine. and, of course, this can always be changed if the u.s. does put in place a credible plan, then s&p could bring it back up to aaa. >> we'll stay on top of the story, appreciate your insights on the breaking news. we'll stay on top of it. >>> anti-government protesters march across the country while the assad government continues with its brutal crackdown. ealan, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but not in my neighborhood. ♪ [ female announcer ] we're throwing away misperceptions about natur

poppy, showed us the live tour of the mayor's basement.. >> reporter: we have the house next door to the mayor unfortunately it was sunny when we talked last. it's getting a lot darker and gotten significantly windier here. we heard about the winds that might come after the rain. that's what's happening in new jersey. they got the brunt of the damage from this. guy, we're going to go into his house. tell me, you rode out the storm here, right? >> yeah, we left about 10:00 this morning. that's when the water rose up and came up through the front door and bassically turned this into an island. around 6:30 this morning, i fell asleep finally, we had power back. it seemed like we were out of the woods, no water in the street, just raining hard and windy. i got knocking on the door about 9:00 and this was the fire department. i looked out the window and it was completely up to the door. you know, right about that gold plate. >> let's head in. >> then within the hour it went from that level to about 2 inches to about 3 feet. >> reporter: also, f

. >> our poppy harlow is in new york for us this morning. poppy, good morning to you.e we have been mentioning, rob mentioned a short time ago, when emergency officials said the biggest concern about irene in new york is new yorkers. new yorkers have seen a lot and been through a lot. this is something they will ride out? >> reporter: people are heeding this warning. it is historic, t.j. the city of manhattan and new york city has never in the history of the city been evacuated before. they are listening to strong words from mayor mike bloomberg. i want you to listen to the warning he issued last night to all of new york city. take a listen. >> we hope new yorkers living in the areas find places to stay with relatives or friends who live in safer higher areas. if they can't, we are ready to accommodate anybody that needs shelter. there will be, unfortunately, a serious storm coming in and it's better to take precautions and get out of the way of the storm. mother nature is much stronger than all of us. >> reporter: it is true. the storm is stronger than all of us. even

in new york, poppy harlow, cnn money. >>> u.s. president barack obama is fighting to keep his job.employment is up. his approval numbers are down and he's running out of time to change the current scenario. as jessica yellin reports now, a new jobs plan might be his best hope with the emphasis on "might". >> reporter: even during a speech to the american legion in minnesota, the president couldn't resist a preview of his highly anticipated jobs plan. >> next week i'll be speaking the the nation about a plan to create jobs and reduce our deficit, a plan i want to see passed by congress. we've got to get this done. >> reporter: it's an effort to jump start the economy and shore up his dwindling poll numbers. a recent cnn/orc poll shows only 37% of americans approve of how the president is handling unemployment. next week he's rolling out a package that's likely to include an extension of a payroll tax cut for workers set to expire at the end of the year. also possible in the plan, businesses could get a tax break for each new worker they hire or even an additional credit for hiring t

poppy harlow, thank you very much, cnnmoney.com.li velshi, to you, sir. >> not only, you just pointed out, mortgage rates are low. home prices are low. in fact, coming back we're going to talk to rick newman, the chief business correspondent at "u.s. news & world report." he says, you know, for all the bellyaching out there, things are actually healing. there are some good signs in this economy, and we should probably listen to a few of them. he's going to tell us what they are when we come back. [ female announcer ] now, give dry, damaged hair a whole new life! with aveeno nourish plus moisturize. active naturals wheat formulas target and help repair damage in just 3 washes. for softer, stronger... ... hair with life. [ female announcer ] nourish plus. only from aveeno. for softer, stronger... ... hair with life. a mouthwatering combination of ingredients...e for you! i know you're gonna love. [ barks ] yes, it's new beneful healthy fiesta. made with wholesome grains, real chicken, even accents of tomato and avocado. yeah! come on!

why are they clapping, poppy?money team behind me have been up there, rang the opening bell. the sense of elation. you're so excited and sort of an honor to be up there. not everyone gets to do that. wow, good job getting the video, guys. also, you know, brooke, a lot of these companies that are filing ipos. if they're going public, they're going to be ringing the opening bell. they're happy about that. a lot of promotions. >> what about the closing bell. >> that's what i'm talking about. you have promotions and different celebrities up there promoting their movies and their products sometimes. they're up there and they're excited to be up there. it has nothing to do with how the market closes, even if we have the worst day in 20 years. the people ringing the closing bell are still going to be smiling and clapping because at least they're happy to be there. >> they're happy. >> no correlation to how the market did. they're always clapping and happy to be up there. their company is going public, what have you. >> i

police say aaron blatser shot and killed the brooke wagner councilman after he found his opium poppies. in 10 minutes we'll tell you where police believe bassler may be hiding. >>> it's becoming a monday night ritual, protestors staging another demonstration against bart in downtown san francisco. >> no justice! >> no peace! >> several dozen protestors marched from station to station at the height of the evening commute. but this time there was a major change in tactics. protestors concerned about dwindling public support did not disrupt the ride home for bart riders, however, there were some tense moments at the embarko aero station. >> if they was to stop me from going home to see my kids, i'd be ready to bust them in the head too. >> police made two arrests. the demonstrators are angry about last month's fatal shooting at bart's station. they're also protesting a decision to shut down cell phone service ahead of a planned protest earlier this month. >>> cruz on the east bay's culldecut tunnel could slow down the commute for another hour. last night caltrans shut down highways 24's w

economy. >> poppy, thanks.n as we're talking, the dow industrials diving even deeper right now, far past the 300 mark there, dow industrials. your political buzz. your rapid-fire look at the political topics of the day. three questions and 30 seconds on the block. maria cardone a sirius xm political talk show host, and dana loesch, all right, guys. first question. howard dean comes forward and says tea partiers have not just been drinking their tea, but smoking it. they came out and said that the president is destroying the foundations of the u.s. economy. what do you guys think? blame the debt downgrade on the tea party tactics or the president, maria? >> there's no question, kyra, that this is the tea party downgrade. i call it tea party hangover. you can absolutely lay the downgrade in the lap of the tea party. s&p actually mentioned that this was one of the reasons in their analysis that they downgraded because political leaders were willing to gamble the debt and the nation's -- the nation's political futu

poppy harlow will talk about this now. poppy, who's left in the aaa club now that the u.s.it? >> you're exactly right. we got booted out of this club about 8:00 eastern time last night. it was 16 countries. now it's 15. if we have them, we'll pull them on the screen for you. australia, canada, germany, singapore, switzerland, the netherlands, you see them there on your screen. even the isle of mann, a tiny country off the coast of the uk. those are rated that pristine aaa credit. the united states no longer part of that club. a aa plus credit rating is not the worst thing in the world. it's actually pretty darn good and it rates our debt higher than a lot of big countries out there. we are rated higher than china, higher than japan. those both having aa minus ratings. rated much higher than brazil and india, don. when you put it in perspective, our debt is valued higher than the debt of those countries. an interesting note here, china is the biggest holder of our debt, and almost half of the debt in this country, don, now is, held by foreign entities. that's why it makes it

poppy harlow is here to break it down. and poppy, a big deal? not such a big deal? do we know yet? >> can i say all the above? this is a big deal in that it has never happened before this country. we have enjoyed a pristine aaa credit rating as far back as we can remember. this is the first downgrade in history. to your point we don't know yet. not a big deal, what does it mean for the people at home? what does it mean for the stock market? since it is uncharted territory, we don't know what it means. it could be dramatic on either side. what is critical here is the timing. this comes at a point in time when our economy is so weak fundamentally. at a point in time when we saw the worst sell-off. i talked to the traders after the close of raiding on friday and this is the one thing that they were worried about heading into monday's session. whether or not s&p would downgrade the credit of this country. a few hours later they did exactly that how many wall street reacts, how the stock market reacts is yet to be seen. historically when we saw the downgrade of canada in the '90s, japan

poppy, thank you so much. we'll check back in with all of our folks in north carolina, d.c., new york as well throughout the morning as we p keep an eye on hurricane irene. >>> also, you folks trying to it fly today, you probably know by now you'll have a problem. look at a few of the airlines with the cancellations, 2300 with united and continental, delta, 1300, jetblue 900, airtran several hundred. southwest, american, us airways also canceling flights, amtrak canceling east coast trains with service reduction beginning today, also new york's jfk and laguardia airports, also new jersey's newark international airport all going to be closed to allow arriving passenger international and domestic flights beginning at noon today. folks will not be able to fly into that area. also in new york, something unprecedented. evacuations from the city hospitals? hospitals in the city just have not had to do this before, at least five hospitals and more than 15 nursing homes were given 12 hours to get every patient out. lo

cnn's poppy harlow is in milburn, new jersey, where the river overflowed its banks today, poppy? >> reporter: absolutely. astonishing to see that, martin. let me take out my peer piece. the river, just like the chateau, came over, interest crested about 2:00 a.m. in the morning and flowed over all of these businesses. talk about what you experienced here. obviously, cleanup mode. you said you can't afford to be out of business for very long. what has this been like for you? what happened somewhere. >> it's been a nightmare. it's like floyd all over again. it's really a shame. you know, the mud was like two inches, three inches deep in here. i have to check out my ovens now and make sure they're running. i know the burners have to get drained out and stuff. you know, i've got to get back in business. >> reporter: take us into the kitchen. as we go there, guys, all the business owners that i talked to here tell me this is just like ten years ago. hurricane floyd, that was 1999. a little over ten year ago. that was actually worse. the only thing it wasn't as bad as hurricane floyd w

and poppy harlow is at one of those centers. poppy, new york a densely populated city.vacuation notice being taken? >> well, you know, drew, it's perhaps most important in places like we are right now, we're at the largest hospital on staten island, wae we're on the south shore. to give you perspective, we're only half a mile from the beach that is going to get hit incredibly hard. what you see going on behind me now, all of these new york city buses, these are evacuating patients. got about 430 patients here. so far they manage to discharge 200. those people have been able to go home. it takes a long time. i've watched patients come out with oxygen tanks on beds. three different patients who were evacuated from the burn unit by helicopter. this is a process that takes a long time. it's a delicate process. and just to explain the magnitude of this for you. this has never happened at this hospital before. the director of ems says they've prepared for this, run through drills but never before has this hospital been evacuated and drew, never before has the city of new york

let's go to poppy harlow live in see caucus.to me about what you're seeing around you and how big of a concern is flooding in secaucus. >> reporter: the sun is out. this is the first time i've seen the sun since friday afternoon. we've been reporting throughout the weekend. it's deceiving because the think the storm is passed and it is all fine. that's not the case. we are standing here with the mayor of secaucus, we'll go into his house in a minute was it is severely flooded. how many people were affected by flooding here and et cetera? >> two thirds of the town without power. at least a third probably more has been affected by severe to moderate flooding. >> just to situate us, five miles from new york city. we are 100 feet right now from the hackensack river. that literally flowed into the back of the mayor's house. do you want to take us inside and we can see the situation? you have emergency personnel here. we're hooked up to a lot of wires obviously but we're going to go down into the basement, his son's home and give you

our poppy harlow of cnnmoney join us now with the very latest details. poppy, at the crux of this, this may be a sad story about a man who is too ill to carry on, we don't know, because we have been told that he will still have a big function in the company, but what can you tell us about this and what it may mean for the apple brand? >> absolutely, candy. it's important to note that the letter that steve jobs just issued to the apple board of directors and the apple community, that is who he sent it to, it's very short, and he said, i hereby resign as ceo of apple. and he said i would like to serve as the board sees fit as chairman of the board, director and -- as chairman of the board, so he's saying that he would like to stay on. clearly if you read through the lines, there are concerns about what does this mean for steve jobs' health. you remember he was diagnosed with cancer a while ago, that he took a leave of absence. he then came back to apple. he took a subsequent leave of absence, but of course still remained integral in the company. this is a

poppy, i know you have kept an eye on the blue chip stocks. before we do that, government bonds, that's where a lot of people put their money. they think it's the safe bet. how did they fare today? >> it's so interesting. treasuries is one of our top stories. the price of government bonds, what you basically pay the government to hold your money, because you think it's a safe place to hold your money, they shot up. the price shot up. what's interesting here, brooke is that the yield, what they pay out, felt significantly. just to give you a sense, if you look at a ten-year yield, bond, long-term savings, 2.45%, down significantly in the last two weeks. today you saw the two-year treasury bond, the two-year note fall to a record low. a quarter of at percent returns. this is what's so fascinating. if you look at the demand for quick money, if you look at the demand -- the payoff on a short-term bond on a one-month treasury bill, it was actually negative. means investors were willing to pay the government money to hold their money. that's very in

lit's bring in poppy harlow. it was wild. >> swings of 600 points. some of them hundreds of points within a minute. the dow industrials in the last hour of trading, ridesing more than 300 points. this is a very good sign. it is the exact opposite of the selloff we saw on monday. it's encouraging that we're seeing investors coming in at the end of the trading day, buying up stocks in droves, saying i'm willing to hold these stocks overnight. that is a very good sign. and just to give you some indication of the amount of money we're talk about here, today overall in u.s., we saw paper gains of $700 billion. what was critical was the fed's decision at 2:15 eastern time. when that came out, we knew that central bankers were going to keep interest rates steady at an exceptionally low level of 0 to a quarter percent. what we didn't know is what they would say. and that is they would keep the low interest rates exceptionally low until 2013, until the middle of 2013. so really for the next 24 months. here's what the fed issues. they said they expect a somewh

. >>> we're at the bottom of the hour now, and poppy harlow, as we turn back to new york city, she'sow moved to battery park city there in new york. hello to you once again. and we keep reiterating, poppy, the clock is ticking if you need to use public transit in new york. >> reporter: yeah. no question about it. one hour and a half, that's all you have if you live in zone "a" in new york city. that is 370,000 people that are under mandatory evacuation. we just moved down here to battery park, here's why. this is, at the lowermost tip of manhattan island. i live a few blocks away from here, i had to evacuate. what you have behind you is ground zero, just what it looks like, the freedom tower right there being built. the city working and the port authority and the construction workers, t.j., they're working to secure the cranes. i don't know if you can see it, but they've got cranes hoisted up on the building. obviously, you want the cranes very secure in the massive winds that we're expecting here. every single family in all of these buildings is being told to evacuate. you can see,

poppy, give us an idea of what is behind the numbers that keep fluctuating. >> it's interesting, fred, you see an uncertainty among investors. we have it right here on our home page. we will pull it back up in a minute. that volatility that we are seeing in the market, yesterday we saw the market fall 512 points, and today we started up about 130 points and then fell significantly down more than 200 points and now we're coming up. this is the new name of the game on wall street. it's all about volatility. a lot of it comes after the jobs report which was a lot better than expected, but we want to point out that the fact that the companies with the biggest hike in the country are not doing a lot of hiring. to give you some perspective, that's the same size as the gdp of canada, but even with all that cash they are not doing hiring right now. i want to show you some numbers so you get an idea of who is hiring and not hiring. when you look at the small and medium companies represented in the red, and the negative 22,000 number that you see on your screen, that's for big companies, big fo

let's talk more about this with p poppy harlow, where are the layoffs? jump and it comes at a time of such volatility and uncertainty and the market has been down for eight straight days. the market is down 100 points right now, in part reacting to these jobs number. one, a lack of demand, people are not spending a lot of money right now and companies feel the environment is so uncertain, they've got health care reform, they've got financial reform, they don't know what's ahead in taxes. let's go through the three biggest job killing companies. before i do that, i want to play for you the reason why we're seeing all of these job cuts, this comes from john challenger, who issued that report. take a listen what he says. >> one picture is, we're in this rocky recovery, in one of those entrenchments. but increasing concern that the economy may be heading towards recession. companies making layoffs rather than just holding on to their people. the government's stimulus, both fiscal and monetary is at risk and maybe there's not going to be enough consumer and b

poppy harlow is in millburn, new jersey, tonight. what's it look like? >> reporter: we are on the main street in millburn. all the residents and business owners were here because it looks like every one of the businesses on main street got flooded. some got flooded badly. maybe you can hear the bell going off. it was obviously set off by irene and won't stop. what happened here is there is a river that runs right through this town. it crested and just flew right on over and washed right into businesses and they are used to this. they were flooded badly in 1999. chris christie said a lot of the rivers are either at record levels or near record levels. there was a lot of rain here for the last two weeks so the ground was soaked with water already. this pushd it over the edge. take a look at this local restaurant here. look inside. it was devastated by irene and all the flooding. we got a chance to go inside with dana the owner this evening for a real sense of just the damage that's been done by irene. listen to what he told us. we're going to see the basem

. >> go to poppy had har flow new york to give us some of the jobs numbers. poppy, i don't know if you were listening to the president, i know i was this morning, mentioned the job growth for the month of july is 154,000, but really it is 117. why? >> it is 117,000, brooke. it is much better than expected, i will tell you that. economists expecting 752085,000 jobs, the key here you have to count for the difference is as will of government jobs, 37,000 government jobs lost in the moment. that is not good. you cut spending that equates to cutting jobs. look at how much better this was than expected, brooke. i was sitting, anticipating these numbers this morning thinking, oh, my goodness is it going to be like june, so much worse than expected, we heard this cheer in the newsroom when the numbers came in 117,000. >> thank goodness. >> thank you very much for those numbers. i want to point out, brooke, these are not nearly enough johns created to really make a dent in unemployment in this country. you saw up employment only tick down slightly to 9.1%. troubling p

we are poppy harlow in new york.o talk to schultz about the pledge. >> reporter: i did, kyra. this is a radical movement you don't see this often. howard schultz wrote a letter to fellow ceos asking them to come on board. he is saying washington needs to get it together before we give anymore money to political campaigns. he had 100 plus ceos sign on. republicans and democrats. tim armstrong. the ceo of whole foods. the nasdaq and new york stock exchange. their message is two part. washington, get it together and stop the partisan bickering. he is asking these ceos to hire and not wait for washington to create a jobs plan. take a listen to how he explained this move to me. >> what i'm trying do and i'm so thankful that the other ceos have joined me is send a powerful message to washington that we do not want to impress the status quo. we want to be respectful and be civil in our concern and criticism. we are begging you to please not only go back to work, but end the partisanship and represent the citizens of the cou

poppy, thanks. >>> the opening bell on wall street is moments away.arkets around the world sold off overnight after the dow plunged more than 600 points. how will wall street open today? we are all watching. we will take you there live. yeah. 24 bucks later. that hurts. it's not like i really had a choice. snack on this. progressive's "name your price" tool showed me a range of coverages and i picked the one that worked for me. i saved hundreds. wow, that's dinner and a movie. [ dramatic soundtrack plays ] this picture stars you and savings. but mostly savings. out there with a better way. now, that's progressive. >>> do you make big changes or do you sit tight? ryan mack is with us. seems like the same discussion every single day. we have to have it because there are still a lot of people out there wondering what the heck to do. and you are actually taking an interesting approach here. you're calling what we are seeing now the new normal. tell me what you mean by that. >> essentially, the new normal essentially means in 2005, '06, businesses that wer

melo and a friend discovered the poppies while searching for marijuana farms. the city councilman was shot and killed. his friend managed to run away and escape aboard a passing train. a former giants superstar, barry bonds will find out this december if he will face any prison time for his obstruction of justice conviction. a feds reral judge set sentenci for december 15. bonds could receive nearly two years in federal prison but is expected to receive probation. earlier this year a jury found bonds guilty for evasive testimony during a 2003 grand jury hearing on the steroid scandal. home run king plans to appeal the verdict. prosecutors are debating whether to retry bonds on three perjury charges in which the jury was deadlocked. >>> belmont man accused of being a peeping tom, suspected of peeping on his nab through a bathroom window. want to show you a photograph. 36-year-old. a woman called police after seeing some one taking her photograph through her bathroom window. police arrived within minutes. quickly arrested her neighbor. he faces a misdemeanor char

aaron bassler is accused of killing jere melo saturday after he stumbled on to opium poppies. he and another man were walking the area, investigating a report of an illegal pot farm when the shooting happened. aaron bassler was guarding the farm. >>> drivers who lost their license but ignore the law were the target of a undercover sting. >> dui related conviction. >> the sheriff's department wrapped up its operation. today three deputies set up in downtown san jose to catch people right after their court proceedings. drivers with suspended license whose got in their car to drive off were pulled over again. >> they were suspended multiple times. it's not like it's a first time occurrence. >> two people were sited and had their cars towed today. >>> residents are preparing for evacuations today as the fire heads their way. firefighters are focusing on the eastern side. highway 140 is closed. aircraft are assisting the 800 firefighters working on the ground. houses are now under evacuation orders. a motor home sparked the fire last thursday. >>> in lincoln an investigation into a

. >> now, let's turn to poppy harlow at cnnmoney.com. what do you make of this? everything we hear about corporate earnings, that sounds strong and the companies are not hiring? >> it's such a great point and such an important point to make, randi. you have the performance of major american companies that is so strong, some record profits we have been seeing lately and then a lack of hiring. a big divide between how we are all feeling and how the corporations are doing by the numbers. just to give you a sense of how much cash these companies have on hand, i want to pull the number up for you because it's astonishing. that's $1.5 trillion, and that's how much publicly traded big companies in this country have on their books. and to put it in perspective, that's the same of the gdp of canada, the entire country of canada, and with that cash they are not hiring right now. and take a look at the screen. it's the small and medium-sized businesses doing the hiring right now. the two red marks represent 2 million jobs at small and medium sized companies have made in the

bring in poppy harlow to talk about this. who's left in the aaa club now the u.s. is out of it?> you are right. we got booted out of the club 8:00 eastern time last night. it was 16 countries and now it is 15. we have have them we will pull them up on the screen for you. australia, canada, german ny, singapore, switzerland, the netherlands. you see them on the screen. even the isle of man, a tiny country off of the coast of the u.k. those are rated the pristine aaa credit the united states is no longer part of that club. however, i want to put it in perspective. a aa-plus is not that bad. it rates us higher than a lot of other countries, higher than japan, china, much higher than brazil and india. when you put it in perspective, our debt is valued higher than the debt of those countries. an interesting note here, china is the biggest holder of our debt and almost half of the debt of this country is held by foreign entities. that's why it is a global story. it is not just about the united states. >> there's a lot of concern nation how they came up with with this. a lot of folks i

. >>> a teen idol from the 1970s tells our poppy harlow all he wants is his fair share. >> if somebodys not pay you and you are entitled to a percentage of the profits and you know they're making profits, is that stealing? >> find out who david cassidy claims ripped him off so many years ago. then they gave us an iihs top safety pick and you... well, you gave us your approval. so we thought, why not give a little back. the chevy model year wrap up. get in on our greatest model year yet. and now, very-well qualified lessees can get a low mileage lease on a chevy cruze ls for around $169 a month. our greatest model year yet is wrapping up. the nascar nationwide series, i know pleasing fans is a top priority, 'cause without the fans, there'd be no nascar. just like if it weren't for customers, there'd be no nationwide. that's why they serve their customers' needs, not shareholder profits. because as a mutual, nationwide doesn't report to wall street, they report to their customers. and that's just one more reason why the earnhardt family has trusted nationwide for more than 30 years. nati

cnn's poppy harlow is in melbourne, new jersey. >> reporter: we saw a ton of that river flooding here. millburn, new jersey is in sort of a valley. dana owns this mexican restaurant. dana, just devastation. i want to show you what he's going through. i was here at 5:00 when he first saw what his restaurant went through. the water came in, it flooded under the floor of his restaurant. lifted the floor. dana, come on inside with me, show me what else happened here. i mean it is just full of mud and sewage water. how bad is it? >> well, it looks bad. i think most of the damage is below about 12 inches. there is a big canal in the back. the water came in up through the basement actually and it actually knocked over most of these large pieces of furniture which i put back up about an hour ago. fortunately, most of the stuff that i built by hand is intact. >> come back into the kitchen, guys, so you can see exactly what's going on here. it is interesting, some of this stuff above a few feet stayed intact. we were here earlier, this margarita machine was on the floor. this freezer had tipped

poppy harlow, though, is in new york city for us.acuations there, and also, we have been watching this clock. we've been making this point, but the clock is ticking and people only have 40 minutes left if they need to use public transit. >> absolutely. all public transportation here in manhattan, the buses, all the subways, all the railroads out of this city are closing in 40 minutes. new yorkers rely on public transit perhaps more than anyone in america and they need to heed the warning from the mayor's office, if you live in lower manhattan, in zone "a" and you need to evacuate, you need to do it now. i am in lower manhattan, battery park. this is the southernmost tip of the city. it is surrounded on three sides by water. everyone in this build, you see the huge apartment complexes, they are told, they're under mandatory evacuation, 370,000 new yorkers in total need to evacuate. i'm one of them, left my apartment, put stuff as high as i could and wait for the waters to come. this is why people need to get out now, t.j. see that lin

we will check in with alison kosik and the new york stock exchange, and poppy harlow in new york as well>> the dow down 326 points. we're getting close to seeing the market correction. right now we're at 11,571. when we get to 11,521 that's the level of a market correction in that that the past two weeks the dow has lost more than 1,000 points, poof, gone. the reason is we have a combination of factors that work here including the concerns about the possibility that the european debt crisis could get worse and spread here to banks and businesses here at home, and then the litany of economic reports that are weighing on the markets here and weighing on investors and that's why you see the selling today. just an indication of the market fear. we look at the thing called the vicks index, and that shows there's a lot of fear in the marketplace. >> let's check with poppy harlow. that fear, i guess, is kind of cascading as it pertains to jobs. the loss of jobs, and this jobs report coming out tomorrow which is not expected to be very up lifting. >> that's such a good point, fredricka. we were

poppy, is there any explanation why this incredible fluctuation is going on? >> i wish i could gifz you one. all the traders down here on wall street do, too. you had wall street on sale today. buying on the lows today, was the 11th best day effort. the s&p, the nasdaq performed even better than the dow did, but i want to put it in perspective. if you compare just today and look at the past entire week from last thursday through today's session, the dow is still down 752 points. we've got a long way to go. today we'll take the paper gains of about $6 hundred billion essentially weeping out the losses from yesterday. the market was below 400,000, better than expected. we have a good outlook from a big important company, cisco. they said their quarter looks better than they expected. so you had some good news from big global companies here, but there's really no rational to this market. you had bank stocks that were the worst perform serious yesterday, and the outlook hasn't changed, so no real fundamentals driving this market, but traders are happy. they say wa

cnn's poppy harlow in new york. poppy, you talked to howard schultz today. what is he saying?: i did. i mean, he's clearly had it with washington. he's fed up. like a lot of americans are. it was that debt ceiling debate debacle if you will that led him to this position. he said washington doesn't have it together. this lack of leadership has led us to a crisis in confidence and he says that in turn trickled into the financial markets which we watched play out live on your show all last week, that it's trickled out to the broader economy and he sent a letter to fellow ceo's asking them not to make political contributions at all, brooke until washington figures it out. i am asking that all of us forgo political contributions until congress and the president return to washington and deliver a long-term debt and deficit plan to the american people. he explained that further to me in our interview this morning. take a listen to what he said. >> when i began to kind of ask the question, what could we do? i uncovered the fact that almost $4 billion was spent in 2008 in the president

they say the suspect, 35-year-old aaron bassler, was tending to opium poppy plants out ft. bragg. he's wanted in saturday's deadly shooting of 69-year-old jerry mellow. he was a 15-year city councilman and former mayor of ft. bragg. police inmme mendocino county t us they discovered the plants. the shooter escaped aboard a passing train. >>> a former player for the los angeles lakers is behinds bars tonight, accused of murder. javaris crittendon who played for the lakers and wizards among other teams was arrested in southern california last night. he was taken into custody at john wanye airport in orange county to face a murder charge in a deadly atlanta shooting on august 19. reportedly it was an accidental shooting. a report today obtained by the associated said crittendon was robbed nearly $60,000 worth of jewelry in april. authorities say crittendon was retaliating when he accidently shot a mother of four. >>> former giants slugger pronds will be sentenced this december -- barry bonds will be sentenced this december for his obstruction of justice conviction. the date of decemb

for behind can poppy produce say he'll start the race from second on the great stoner he leads by seventy three points ahead feely with eight races the. bittersweet sporting reception in washington for barack obama the u.s. president opening up the white house no less to reeling n.f.l. super bowl champions green bay obama however is a well known fan of the package n.f.c. rivals michigan hardwoods parrish to add insult to injury the commander in chief's hometown squad were also beaten by the puck in the conference championship play off this pipe that he didn't look to on happy to be out in the green bay jersey to his white house collection i'm just going to come out. there. was a hard thing to do. it doesn't hurt as much as the n.f.c. championship game hurt. but it still hurts. you know you guys coming to my house to rub it in. staying with american for for a top of a visit kansas city on friday to kick off both of their three seasons that buccaneers showing there could be a dangerous prospect this year rookie linebacker mason foster recovering the chiefs stumble early on here josh freeman