if you don't have a job, you can't pay it auto al. >> poppy harlow, thank you so much. important report. >>> when the markets pull back, investors run for cover. but there are some safe ways to invest your money. we'll walk you through it next. my doctor told me calcium is best absorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. i thought it was over here... ♪ [car horn honks] our outback always gets us there... ... sometimes it just takes us a little longer to get back. ♪ >>> if you checked out your 401(k) or investments in the last month and a half, no one would blame you for feeling a little queasy. whether this is a correction or a troubling sign of worse days ahead, it is no surprise that many americans are nervous about their money. but there are sectors that historically perform well during a volatile market. matt mccall is author of the book "the next great bull market." what are the strongest sectors

up next our poppy harlow shows you information on the web available for anyone who wants to see it. >itory. nice to see. all this week, we are taking a look at an important issue. online security in a special segment for cnn money, michael ferdick paired with poppy harlow to expose how much of her personal information can be found online. she was shocked. >> reporter: millions of americans get their background checkeded and private information collecteded. if you're online and especially on social networking sites your privacy is at risk. yes, i am a public person. i report on television and am online, but personally i'm a private person. so i did something i have never done before. i put myself right in this story to try to find out just how much information is out there about me. >> we gave the founder of reputation defender my name and e-mail address. his company dug around to see what they could find. >> you're a very private person. the average viewer will be much less private than you, especially in social media. even someone as private as you has been opted in such a way a syst

if you don't have a job, you can't pay it auto al. >> poppy harlow, thank you so much.mportant report. >>> when the markets pull back, investors run for cover. but there are some safe ways to invest your money. we'll walk you through it next. >>> if you checked out your 401(k) or investments in the last month and a half, no one would blame you for feeling a little bit kweezy. whether this is a correction or a troubling sign of worse days ahead, it is no surprise that many americans are nervous about their money. but there are sectors that historically perform well during a volatile market. matt mccall is author of the book "the next great bull market." matt, what are the strongest sectors in this type of a market? >> this type of market, you look at sectors that -- things that we need. so you look at health care, consumer staples, utilities, things that no matter how good it is day-to-day, no matter how many people are unemployed, we still have to wake up every morning and go buy diapers for the kids. it's going to be things we're going to buy no matter what's going on.

i promise there is some good news in the story with poppy harlow. that is next. us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. i really didn't see it coming. i didn't realize i was drifting into the other lane. [ kim ] i was literally falling asleep at the wheel. it got my attention, telling me that i wasn't paying attention. i had no idea the guy in front of me had stopped short. but my car did. -my car did. -thankfully, my mercedes did. [ male announcer ] a world you can't predict... demands a car you can trust. the e-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> you know, at first blush it looked like good news on the horizon. realtytrac said foreclosure filings fell, and down a whopping 33% from a year ago. but which you start to dig a bit deeper, the same survey also say

cnn's poppy harlow sat down with chrysler's ceo today to get his take. yes or no?ter: no question about it. i was rereading that 2008 op-ed from mitt romney when he said, look. don't just hand a check to chrysler and gm. he actually said let detroit fail. this is not the way to fix the american automotive industry. remember mitt romney's father helmed one of detroit's auto firms a few decades ago. i asked the ceo of chrysler point blank, do you think that if the government did not step in in such a massive way to rescue gm and chrysler that chrysler could stand on its own two feet? could it have stood alone and made it through this alone? i want to play his answer and his reaction to what mitt romney had to say for you now. take a listen. >> whoever tells you that is smoking illegal material. that market had become absolutely dysfunctional. it had become absolutely dysfunctional in 2008-2009. there were attempts made by a variety of people to find a strategic alliancalliances with car makers on a global scale. the government stepped in as the actor of last resort.

poppy harlow has witnessed this firsthand. reporter: i'm here on east front street alone there are 25 homes in foreclosure. and just down the way on berkeley terrace, you'll find eight more. >> three houses and three of the house that's i've lived in have foreclosed. and i was forced to move. >> unless something can turn around, we need a miracle. >> a miracle. >> that's the worst case. poppy joins us now. what is it that is unique about this area of new jersey? >> i wish it was unique. this is emblematic of the crisis across the country. it is not every city but a lot of cities. what's going on is you have a city where you have a largely minority population. and you saw a lot of steep job losses there. and then you saw all of these foreclosures and now on top of that, you have massive gang violence. gang violence that's so bad in this town, the police said we shouldn't shoot on one of those streets. the question is in places like this, did the gang violence come first or the foreclosures? but one in ten home. one in ten home

let's get the latest from poppy harlow of cnnmoney.com., and then it goes back into negative territory. >> i'm looking at live trading here. we just dipped the dow into negative territory. not off to a good start at all for wall street. a horrific day on wall street yesterday and for all the investors out there. we saw the biggest loss in the dow and s&p in just about a year. we're already in negative territory again of the the dow, s&p, nasdaq all falling more than 2%. the question people have is why is this? take a look at that decline just yesterday. this is the first realization that people are getting that the real economy is not in good shape at all. it's sort of that tale of two americas. corporations doing very well, turning strong profits quarter after quarter. main street, real america not doing well. here's why. let's go through the numbers. let's look first at housing. a very bad housing report this week in terms of the price of your home. we saw another decline. i'm going to show you where housing has gone. look at 2006. that'

poppy harlow reports. ♪ good evening glazer ♪ so glad you're here >> reporter: a rallying cry from detroit'sl. it's one of 26 public schools the city wants to be chartered to help cut the district's $327 million deficit. >> this is a principal's dream right here at glazer. >> reporter: glazer's principal doesn't want to see that happen. >> i like that butterfly too. you did a good job. >> reporter: when we visited glazer was set to be chartered or closed but the district has since ruled if no charter company qualifies glazer will stay open. five of chris's children attend schools up for charter. >> what's your favorite thing about glazer? >> math. >> shines in the middle of a troubled neighborhood. >> reporter: the district says glazer has performed well, glazer has performed well, but like enrollment across detroit, enrollment has fallen significantly. >> we've lost over 50% of our students. we have to right size the school system here. >> reporter: enter detroit public school new emergency manager, roy roberts. the former gm executive is attacking the crisis like a failing business. >> it'

poppy harlow has what's coming up in business news. poppy?ple ceo steve jobs will make news this week. technically he was on medical leave so it wasn't loose lips when the tightly held company said jobs will give a keynote speech on monday. steve jobs will release icloud which will already add on to what google has to offer. >>> the fed chief ben bernanke will be speaking tomorrow. regional economic activity looking for any signs of a pickup in activity across the country. we'll follow it all. martin, back to you. >> thank you, ladies, and remember, you can get your financial fix every day on cnnmoney.com. >>> gunfire at the border separating syria and golan. it was time to protest the anniversary of the six-day war. troops did fire warning shots, according to the army, but a report on television said 20 people were killed and more than 325 hurt. >>> there are conflicting reports on the condition of yemen's president. solis is receiving treatment in saudi arabia after an attack on his palace. some say he suffered shrapnel wounds and burns, an

poppy harlow met with the senior ceo selector in america. >> even though the u.s. in our global talent index number one, it still has its challenges. for example, do executives today have the cultural quotient what we see in terms of demand, supply demand issue, it's great if you have the iq, we talk about the eq and social skills, but do you have the cultural quotient that is lacking in many executives today? therein lies the challenge when it comes to recruiting executive talent at the top. >> what about compensation? we spoke about this in davos, when you look at the pressure, especially in the financial sector to rein back compensation for top executives at banks, is that taking its toll? are we seeing talent flee that sector in this country? >> i think what's happened, bank hag been interesting this year, specifically because you saw a lot of the major financial institutions retain employees last year given the jobs market when it came to certain sectors of finance. what we've seen is all of a sudden there's been a push again to recruit top talent, particularl

poppy harlow is with us this morning.you've got a town that's literally foreclosure-built. >> we got reports this morning, folks that foreclosures were down 33% in may. you think that would be good news. it's actually not good news. what the experts say is it's a result of the robo signing scandal that a although of the banks didn't have the proper paperwork to foreclosure on these homes. so they say the housing market is not in recovery. you have to look past those numbers. we visited a town in central new jersey, plainfield, new jersey, where one in ten homes is in foreclosure. what you're going to see is the devastating impact this is having on the entire town. take a look. at a bird's eye view, plainfield, new jersey may look like lots of small towns across america. but when you walk the streets and talk to the folks here, you start to realize something. the bank own as big chunk of this city. >> i moved in three houses and three of the houses that i've lived in have foreclosed and i was forced to move. >> of the roug

poppy harlow has more with the case against facebook founder mark zuckerberg. >> reporter: we have heardes so long. levoss teams and colleagues and they sued him saying he stole the idea for facebook from them. they settled along with their third partner back in 2008 for a reported $65 million. then they said facebook undervalued, misrepresented the value of its stock, so they came back for more. that ruling asking to undo their settlement was knocked down by an appellate court. the judge said, at some point, litigation must come to an end. that point has been reached and now the winklevoss twins seem to agree. they were maybe taking it up to the supreme court and decided today to drop that appeal and not take it to a hire court and stick with the settlement they had in 2008. of course, watching the stock market heading into the opening bell on wall street sharply lower heading into this session. investors very concerned after the fed came out yesterday and said that the u.s. economy is going to grow a lot less than it expected, then we had a pretty weak jobs report this morning. more th

cnn's poppy harlow is joining us out of new york. gas prices dropping.ow long will this make or how long could this last? could they get even cheaper due to this move? >> reporter: they are absolutely going to, no question about it. before the government did this surprise move, we have been seeing oil and gas prices fall pretty rapidly the past month. take a look what it has done before the month and then we pull up a chart for you here. is it oil prices, they have been down almost 11% over the past month. they fell 4 1/2% yesterday. just started trading today and up slightly. look at your national average for gasoline. you're going to see this at the gas station today. $3.60 a gallon we are talking about across the country. some experts, kyra, after this news came out, said they think that by the end of the summer, gas prices in the u.s. could fall 50 cents on average. so that would be a big decline. this is exactly what the government is doing here. they are saying, all right, we are tapping this emergency supply of oil which, by the way, has only been

cnn's money's poppy harlow explains. >> reporter: could this laptop found in the garbage hold evidenceanks. >> i turned on my laptop and the name was there. >> reporter: where was it on the laptop? >> on the screen. >> fabrice torre. >> as the self-dubbed fabulous fab he is the only individual sued by the securitiestourre isy individual sued for helping to sell mortgage-related securities in the run-up to the financial crisis. last year, the u.s. government charged tourre and his firm, goldman sachs, with marketing toxic securities to investors without disclosing material information relevant to them. namely that goldman intended to short some of their bets. >> i wish to repeat, i did not mislead i tell you to the most sophisticated investors of these products anywhere in the world. >> reporter: goldman settled with the sec paying a $550 million fine. but not admitting any wrong doing. yet the government case against tourre goes on. that has wall street observers including "the new york times" asking, why just him? last month the "times" cited documents between tourre and his lawyers p

let's check in with cnn money's poppy harlow. >> hi, joe. this was a rather move indeed.y tapped the reserve twice before since it was established all the way back in 1995. once was back in 1991 during desert storm and then after hurricane katrina. this news came as a surprise to most people, the u.s. government teaming up with the international energy agency and agreeing to release 60 million barrels of oil onto the global crude market over the next 30 days. the united states is going to provide half of that from our reserves which sit right now at a record high stockpile. energy secretary stephen chu saying the move is in response to supply disruptions in libya. so they're looking at it from that standpoint. he went on to say the department of energy will monitor the situation and take any additional steps if needed. now, in response, oil fell almost 4.5% today on that news. over the past month, take a look at the downward trend we've seen in crude. down almost 11% over the last month. here is why every american watching should feel. you'll feel this at the gas station.

. >> i'm poppy harlow in new york. wall street will be watching the economic news very closely.on, both the consumer and wholesale level. the housing market will be in focus when we get the latest report on housing starts. we'll also see how conummers are feeling about the economy and how much they are spending and the consumer sentiment report and also the latest retail sales numbers. all of this coming up. a big week for wall street. we'll track it all on cnn money. >> i'm "showbiz tonight's" a.j. hammer. all the big controversies from tonight's tony awards and the season premiere of "keeping up with the care dayshaans," kim and her fiance talking baby names, but there will be more news about the kim kardashian cheating scandal. "showbiz tonight" exclusively at 10:00 fm eastern and pacific on hln. >> all right. thanks, guys. live in new hampshire where cnn is getting ready for tomorrow night's gop debate. right now let's get you caught up on some of the hour's top stories. for that we turn to richelle carey at cnn world headquarters. >> hello, don. been holding it down for you

poppy harlow joins us now. a lot of oil traders i talked to were skeptical about this.icane that's disrupted gasoline supplies. we have gasoline supplies. where are the real shortages? we knew libya was happening. >> we have an oversupply of domestic crude right now, in oklahoma where we hold a lot of this. this was a total shock to me, oil traders, christine and most business reporters. you're going to feel it at the gas station. i want to show you where oil was going before we tapped these emergency reserves. i think we have a chart we can pull up because in the month alone, oil is down almost 11%. it fell 4.5% again yesterday. that means your gas prices folks have been down for 21 straight days. national average today $3.60 a gallon. why did this happen? was this political? senator chuck schumer pushing for this, the shot in the arm the american economy needs if you spend less on gas you spend more on other things to prop up this economy. republicans don't agree. the chamber of commerce saying it's ill-advised, a short-term fix at best. let's think about the timing.

poppy harlow has a look at what's coming up in business news. >> thanks so much.resident obama is heading to north carolina next week and the job market will be the main topic. he's scheduled to meet bit with the jobs and competitiveness council a group the government created to give him nonpartisan advice to strengthen the u.s. economy. the imf is scheduled to release a short list of the candidate's looking to become its next managing director. that job opened up after dominique strauss-kahn resigned after charged with sexually assaulting a new york house keeper in a new york hotel. he has pleaded not guilty. we'll get reports on retail sales, inflation and housing. a lot ahead. we'll follow it all on cnn money. back to you. >>> the merger of united and continental airlines creating 1300 new jobs in chicago by the end of next year. mayor rahm emanuel made that announcement on friday. united corporate headquarters located in downtown chicago, these new jobs will support the airline's global operations. >>> well, four years ago, an nfl football player made a promis

poppy harlow has that story, but first alison kosik tells us about pandora, the web radio company. >>ller coaster week for stocks as investors wrestled with economic concerns at home and abroad. pandora became the latest big internet name to begin trading at the new york stock exchange. shares of the personalized radio company surged after their we'd ipo, but the enthusiasm wore off quickly as shares ended the week well below the initial offering price. pandora has never turned a profit and relies heavily on advertising revenue to offset high royalties. >>> new numbers confirm what most people already know, college is too expensive. according to the college board, tuition and fees at public universities have more than doubled since 1988. while middle-class incomes have been stagnant. the department of education says a growing number of middle-class students are opting for two-year programs instead of the traditional four-year degree. it may be a good short-term financial plan but it could hurt their earnings potential over the long term, poppy? >> that's correct so much, felicia. the

poppy harlow has this story. >> sometimes greed is not good. >> reporter: taking down the guys on wallstrict attorney. >> they should view him as not just a sheriff but matt dillon, u.s. marshall. >> reporter: the biggest trading case in u.s. history, he's keeping the financial world on its toes. >> he threw a bomb on wall street. >> reporter: in less than two years 49 people charged with insider trading and 44 convicting. >> he is using the insider trading cases not just to prosecute the guilty but to use as a warning to all of wall street that this behavior will not be tolerated. it's aggressive tactics that have people talking. >> the use of wire taps is something rather new in the securities area, but frankly, snatching hard drives is too. when the hedge fund guys act like mobsters, they get treated like that, too. >> what was that? >> you have heard anything along that line? >> that's the sound of somebody breaking the law, all from wire tabs ordered by this man. >> people are afraid to talk on their phones now or to text messages. it has the desired affect. >> reporter: he took d

. >> cnn's poppy harlow sat down with whitney and she talked to poppy about that quote and the feelingoke than anyone is letting on. >> because what you have is what the consumer has done and the corporates have done a good job of delevering and the corporates are in a great position. consumers are in a process of delevering and the states have not delevered, and in fact, state spending has grown over in excess of 35% what the consumer spending has grown over the past decade, so people talk about the reckless consumer spending, but the states are far more reckless. >> you predict $100 million in defaults of muni-bonds over the next five years and does the evidence from this report support that theory more or do you still believe it is the case of hundreds of billions? >> i believe that the number is going to be really big. i think that is what it looked like to me at the time, and things have gotten worse. i think that the number is going to be worse, but it is just that there is not a lot of optionalty for the states. too much leverage was put into the system that cannot take it anymo

poppy harlow, why is it? what's the reasons.ave libya, gas prices, economic, what's the story? >> the world we're getting from the administration, and they did this in conjunction with the international agency, so it was a global move. they say it's because of the supply shrinkage we have seen due to the unrest in libya. libya is a small, small oil exporters, about 2% of the world's oil, but they say they're losing about 2 million. they say this is in response to libya. but this is also a political move. this comes as we got bad news from the fed on the state of the u.s. economy, and what chuck schumer says, this is a shot in the arm that american consumers and the u.s. economy needs. what this means is next month, if not sooner, you're going to see your prices of gas go down. that's what we've seen happen to oil all right. already crude was down more than 10% this month alone. right now today, it fell almost 4.5% largely on this news. right now $3 puff 91 on average. the thought, the thinking is that if energy prices, your gas

cnn money visited a job center that describes itself as, what, poppy harlow?lk to me about this e.r. >> yeah, when you hear from these people, it is their personal emergency and it's the case for so many americans. we got that much worse than expected jobs report. the president, president obama, brooke, coming out today and saying, i'm not concerned about a double dip recession but i am concerned that the country is not creating jobs fast enough in this economic recovery. a lot of people questioning whether it's even a recovery. we went to this job center in new jersey to talk to folks about their situation. these are not the folks that you might think. some of them have college degrees, have worked for a long, long time. they really feel like the situation is getting desperate. take a listen to one. >> there are a lot of jobs out there but they are slowing down. i have 18 years of experience. but i have no degrees under me. i have my high school diploma. but there's no jobs out there when they can bring students in for 11, $12 an hour. >> and that was susan,

our cnn's poppy harlow reports, the frustration is getting worse. >> reporter: suzanne, last week wasems to be slowing. it was capped off with a very weak jobs report. only 54,000 jobs added in may. that is down from more than 200,000 jobs added in the prior month. we've got 9.1% unemployment, but the biggest problem is for those long-term unemployed americans. people out of work for six months or longer. the numbers prove it is harder for them to find work than for others to find work. we spent a day at a career center talking to some of these folks, and as you can hear, their frustration is palpable. take a listen. >> there are a lot of jobs out there. they're slowing down. i got 18 years of experience, but i have no degrees. i have my high school diploma. but there's no jobs out there when they can bring students in for $11, $12 an hour, and, you know, instead of taking someone with 18 years of experience, because of the degree. >> we are the emergency room for this crisis. i did see a very nice, steady growth and ap reduction here at the one stop of the number ever people that wer

poppy harlow of cnn.com joins us from new york with more on prescription drug trafficking and poppy,ctually become a very serious problem? >> reporter: very serious problem, and a very lucrative business. experts tell us, it is now a billion dollar business on the streets in big cities like l.a. and new york, miami, to sell these prescription drugs. by far it is the biggest drug problem in america right now. it's not, those illegal drugs you think of. it's prescription drugs. look at the numbers. they're astounding. the most popular prescription drugs on the street. oxycontin, oxycodone. hydroco-doan. one pill, $50 to $80, bought legally in the pharmacy, $6. similar with percocet and vicodin. we talked to and got behind the scenes of the sheriff in the l.a. -- with a sergeant in the l.a. county seraph's department who told us he bought literally a bag of pills, he says he bought it on craigslist. when it comes to who is taking these pills, it's not just one group, like you might think. it's really spanning across a number of different democrat grachks. listen to what he had to say ab

been bleak with the terrible stock market, and the homeless and jobless and the home prices, and poppy harlowwho are suffering the worst. >> when we looked at the signs of last week, it was cappeded off with a somber report. 50,000 jobs added in may which is down 200,000 added in april and 9.1% unemployment, but the big problem is for the long-term unemployed in the country. the longer, you are out of work, it is proven the harder it is for you to find a job. the numbers show that. so we spent the day at a job center in new jersey talking to some of the people who have been working for people for months, and some of them for years, and their frustration is palpable. take a listen. >> there were a lot of jobs out there, but they are slowing down. i have 18 years' experience, but i have no degrees under me. i have my high school diploma, but there are no jobs to bring in students at $11 an hour instead of taking someone with 18 years' experience because of the degree. >> we are the emergency room for this crisis. i did see a very nice steady growth and reduction here at the on one-stop of the n

poppy harlow with us from new york. tell us what it means to be underemployed. >> sure.every month when we get the jobs report doesn't get enough attention. millions of americans are facing it. if you work 34 hours a week or less, a lot of people out there work much less than that, they would like to work full time or more than full time to make enough to support their family and have the lifestyle they used to have, that's not the case. it's not the case for millions of americans. just look at these numbers. i think it's pretty astounding. we got these numbers, if you dig deep into the jobs report from this morning, i think we can pull them up. look at underemployed americans, 8.3 million americans underemployed don't have as much work as they want. unemployed americans almost 14 million. add them together more than 22 million americans. 22 million in this position. that's about 14.5% of the labor force, suzanne, and these are people that have college degrees, they've worked, you know, high up in companies. i'm going to play you sound from a number of people we talked t

poppy harlow reports. >> reporter: he does not look, sound or think like your typical rapper. >> hip-hopoetry, and there is not much difference between edgar allan poe and kanye west. >> reporter: you may beg to differ, but mc lars has figured out how to make it in the rap game at a time when the traditional record labels are seeing the profits dwindle. lars got his start playing in a punk rock band in high school and then moved on to a english lit major in stanford. >> they love the raps. because it is the proletariats speaking their minds and keeping it real and exploiting the machine that exploits so many people. >> reporter: and in a move he swears is good for business, lars embraces piracy rather than hiding it. >> we are pro-piracy, because if the they have the entire catalog and listen to the show, they will come to the show and listen to the burned cds in the car. >> reporter: and so they then come to your show and buy the t-shirts behind you, and then you profit in the end? >> it is the new media economics. >> as a artist, there are a lot of revenue streams and not just from rec