welcome to the program nice to see you. a very compelling story you were illiterate to the age of 48. you were a public- school teacher and a real-estate developer. how was it a you get to the part of your life with the ability to read and a second grade level. about 30 percent of the population and learn how to read like birds fly about 30 percent of the population has difficulty acquiring language skills. america has a secret. i lived in the shadows of that secret and we have not been taking all of our people how to read write and spell. we have an illiteracy epidemic in this country and we are now putting back to get birth our economic system one of the critical components to putting it back together is to deal with the fact that 30 percent of our kids are dropping out of school and if you're hispanic or black it says is many as 50% there is the dominant language for success in school is a written word and the dominant language for the workplace is a written word and if you can't read or write you're not going to get all

program, though. byron joins us right now from midtown manhattan. byron, nice to have you on the program. >> nice to be back. >> let's get your sense of where we are in this economy. you have to believe this is a victory given the last several months. >> i think this is a market that surprised all the bears here. it's done a whole lot better than most people expected. i think it's on its way to higher levels. i think the economy itself has moved away from the recession low. a question of how strong it will be. but my view is over the next couple of quarters, we're going to be favorably surprised, because inventories are low. i think final demand will be relatively important here, impressive. and as a result of that, i think we could have very good earnings at the end of the year. >> and certainly confidence settled back in, which is something that you've spoken about recently. tell me how you've invested in that environment. what groups do i need to be in, in order to take advantage of that continuation of a recovery, and stock market rally? >> well, you know,

senator, nice to have you on the program, sir. >> nice to be with you, tavis. tavis: how realistic is that that we might start voting on that this week? gh i think we're going to start voting on amendments tomorrow. on tuesday we will be trying to complete all of the proposed amendments somewhere this week and finally report a bill by the ends of the week. i think that's senator baucus' hope. >> last i read, there are about 564 of these amendments. how do you weed through all of that and get to a vote by the end of the week? that's like five days from now. >> well, it obviously is going to take a lot of difficult work. i hope that many of those amendments will be acceptable to the chairman, and i hope others may -- the people proposing the others may decide to back away from those. there are clearly some issues that we're going to have to have debate and votes on, and that's as it should be. >> tavis: you mentioned max baucus a moment ago, the chairman here. if you were talking to constituents in new mexico and trying to explain to them what baucus' bill is, wh

it's nice to me well and to the program. the u.s. economy for better than a generation filled by consumption we have seen the dow back willie do you think that has any legs to with that it will continue to be reduced? i think it's a permanent reduction at some level recent pull the 47 of sense of americans have the things they need for that doesn't really bode well for more consumption. i think the real opportunity is in a whole new wave of production. that is a huge economic shift because the u.s. economy again for a couple of generations really post-world war two has been built upon a greater degree of consumption year after year. we saw that the report to the test. how does the economy appeared to look if it is built on sustainability in productivity? and how to do about it this way. we have about 4 billion people in the world really want a chance at a decent life. the light and heat in that needs to be provided for them in order to provide that in the way the system board thing we do have to be reinvented every product we make ev

nice to have you on the program. welcome back to "closing bell." >>> nice to be here. >> before i get into the green niche yeah tifs and what hp has done. where do you see as the chief strategist and technology officer at hp, where technology is going? where's the growth? >> a lot of growth is in information technology delivered through services. so services business models are evolving. behind that is explosion in information. navigating, making sense out of information, and mobility. so those are kind of the three major trends that we see shaping the industry. >> when we had bill gates on, he said, we should worry about robots. that's really what's happening here. we've got robots getting better and better in terms of talking back, looking, feeling. >> one of the things you'll see is more and more intelligence embedded into the infrastructure. robots are part of the infrastructure. and as they get more intelligent, you can make more use out of this. >> one of the advancements that you've seen is green commitments, a

nice to have you on the program, as always, gentlemen. what do you think the speech by the president two nights ago accomplished? tell me if you think he in fact was successful in moving this forward, tony? >> i don't think they've moved the debate forward very much. the people in the room are the people he most had to convince. and i don't think there was a lot of convincing going on, maria. the president is very eloquent in describing the problem. the problem is that everyone right now is fully aware of the problem. what they need is some clarity and some principles on the solution. and i don't think they got that. the president threw a little bone to republicans by talking about tort reform. i don't think it was enough. so i don't think it's going to be enough to get bipartisan support coming out of this speech. i think we're going to be talking about this for the next couple months. >> greg, how do you see it? >> first of all, happy birthday, maria. >> indeed. >> thank you. >> i think he had three goals he sort of hit. number one, he

program. welcome. >> nice to be here. thank you. >> rose: give me your assessment of this. what in the end does the compromise do and not do that you favor? >> well, i think it does the main things that the president's been talking about. it reforms the health insurance industry practices which need to be reformed, such as denying folks coverage for pre-existing conditions. it outlaws that. it has variety of provisions in it to reform e insurance market. it also reforms the payment system in medicare and in medicaid, the main two government programs that relate to health care. it expands coverage. as you said in your earlier statement, it expands coverage to a lot of folks who currently don't have coverage. it also, according to the congressional budget office, is able to do this while reducing the size of the deficit in the next ten years and reducing the growth in health care costs over the next couple of decades. >> rose: noticeably, obviously, is the question of public option. where do you stand on that, first. and, second, does this bill suggest that public option is d

as we begin our ll program, it's nice to have you here. >>hanks, charlie, hope to see you soon. >> rose: we'll be right back. stay with us. >> rose: president obamaill adess a joint sessionf congress and the coury tomorrow night in an attempt to revive suppo for health care reform. after weeks ofrowing opposition to democratic proposals in congress the president is expected to ouine his own plan and try to regain mentum for his top domestic prioty. the spee, some say will be a ketest to his presidency. joining me now from washingn to preview wt faceshe president is john podesta, he's served as chf of staff to esident clinton and was -chairman of the traition team for president oba. he now runsthe centeror americanrogress in washington. i am pleased to have h back on this progr. lcome. >>ood to see you charlie >>ose: you have said t peter bakethe following: "it goes without sayi that a lot is riding now on the president's ability to reenergize the health care debate and bring itome to auccessful conclusion. noing will influence the percepti

as we begin our fall program, it nice to have you here. >> thas, charlie, hope to e you soon. >> rose: we'll b right back. stay with us. >> rose: president obama wil addresa joint session of ngress and the country torrow night in an attempt to revive support f health care reform. after weeks of grong opposition to docratic prosals in congress,he esident is expected to outlin s own plan and t to regain momeum for his top domestic priority the speech, some say, will be a y test to his presidency. joining me n from washiton to previewhat faces the president is john podest he's served as ief of staff to president clinton and was co-chairman of the tnsition team for president oma. he now runs the center for americ progress in washington. i am pleased to haveim back on this proam. welcome. good to see you, charl. rose: you have saido peter bar the following: "it goes without sang that a lot is riding now on the president's ability to reenergi the health care debate and bring it home to a successful conclusion. thing will influence the perception of the presidency more than whether hean be s

wyoming, a member of the now dissolved gang of six from what i can tell, senator welcome to the program. nice

i'm with this program forever, love these guys. nice solid run. >> seventh to fourth in the last two races in regards to the chase points, guys. so, doc, certainly moving in the right direction for the 2. >> indeed they are. you see jimmie johnson pulled that 48 chevy into victory lane. gives his wife chani a kiss. and he climbs out. let's go down to dave burns. >> bobby allison and richard petty have won here seven times. david pearson and jimmie johnson have won fear five times. what is it like to take it to them here? >> i don't know. the tall boys, that's cool. just -- what a car. obviously. yesterday were struggled in practice. made some great changes last night. get the car working right, and just an awesome race car, awesome day. want to thank all the employee owners for their support. everybody in, a store, supposed to remember for it, i forgot it by now, and the racing for relief program on the deck lid of the car, and lowe's is going to donate more money now that we won. fans were great, and so happy to go out and get the maxi

always nice to have you on the program? >> thanks, maria. >> is this going to impact the brand that star sbux? >> quite the opposite. we have been testing this in chicago, london and seat for six months. it is a $20 billion category that has not had innovation in 50 years. >> you're right. i never hear about instant coffee. >> this is not your mother's instant coffee. we have been testing this. we launched in our own stores today. we think we have a huge opportunity. it shows the innovation of the company and doing things that people don't expect. this is not a desperate move like some people are saying. this is a strong, courageous move in creating a market opportunity in our core business not an adjacent si. >> let me ask the way you are distributing, target, costco, amazon on-line. why not go the grocery route right away? >> we want customers to taste it in our stores. we have a taste challenge this weekend. have a free cup of coffee. if your don't like the coffee we'll give you something else. we want to see the market

president, so nice to have you on the program. we appreciate it. >> thank you very much. >> thank you so much for your time. president vaclav klaus. joining us. >>> take a short break and we will come back with home prices. the direction of prices and what it means for the recovery in the houses market. back in a moment on "closing bell." >>> welcome back. the federal housing finance agency unveiled new evidence that the housing market is starting to stabilize. >> maria that is right. home prices in july were essentially flat. important to note this particular government price report looks at only of the sales of homes with conforming loans not jumbo. home prices month to month up 0.3%. the year over year prices are over 4.2% since july 2008. the index is 10.5% from its peak in april 2007. regionally the highest hit areas is the mountain division, down nearly 10%, pacific down 9%. the only region in the positive, west south central, just barely, .1%, texarkana area. that will play in the housing market this fall. >> home buyers ar

gentlemen, nice to have you on the program. we've got a lot happening in new york today. you can see by the traffic outside. but the u.n. general assembly, world leaders coming to new york city to discuss a whole host of items. as it relates to the economy, what would you like to hear? >> i think the world has said, you've used up your monetary and fiscal and regulatory stimulus in the united states, what are you going to do next. they don't like the fact that we're doing so much pr. they want to encourage real people to hire others to go back to work. >> everybody's talking about an international integrated approach as it relates to solutions for the global economy. will we get that? >> that's still a long ways off, maria. especially considering all the changes that we've seen in monetary policy around the world. i think that's a very preliminary thought. especially for the agenda this particular week. >> the world leaders should be given credit. this could have been a whole lot worse. we don't know what didn't happen. they've been in communication, they share informatio

nice to have you on the program. welcome back. >> thank you. >> let's talk about the transformation. what are you trying to achieve in what time frame? >> well, we set out last year a process we said would take three years to really transform the ebay marketplace, to allow the small business sellers in america, individuals, microbusinesses, to be able to continue to successfully compete online. and we're making good progress. the small -- the top rated small sellers on ebay experienced double-digit growth rates in this economy. people want to find great deals and ebay sellers can deliver them. >> pay pal has really been a jewel in the business. before that, let's talk about the news of the day, and of course, that is skype. you are doing a sale of the service to private equity firm silver lake partners. right in the middle of this, the founders of skype have filed a copyright lawsuit against ebay surrounding the source code used by skype. what kind of an impact, if any, will this have on the sale? >> we're focused on

richard adkerson, nice to have you on the program, richard. thank you so much for joining us. i guess my first question. i'm a wig bull on commodities. i love what's going on in terms of copper, iron ore, steel and oil, because it really gives you a window of where the demand is. but given that we have heard so many stories that the global economy is sort of muted at best, the recovery, where is the demand for these commodities coming from? where do you see it? >> for copper, it's driven by china. by infrastructure spending, by the growth of the internal market within china, it's been much stronger during 2009 than people expected going into the year. so china is really the chee to it. and unlike oil, consumption in china is 2 1/2 times that in the yids. >> and it hasn't slowed down? >>> well, there was a slowdown in the export business earlier in the year. there's been some restocking. there's been shortages of scrap there. but i just returned from china, and the comments on the local economy there were very positive. >> is that right? so now the story turns to when will the

. >> it is really a program that ties up in a very nice bow. >> in maryland, there are over 50,000 peopleer week depending on food programs and the shelter. it is the only statewide food bank. >> in tonight's medical alert, the fda has now approved the new h1n1 vaccine. kathleen sebelius made the announcement to congress this afternoon. she loves to get the first limited supplies distributed early in october. sally kidd has details. >> kathleen sebelius says the fda approval of the vaccine is a crucial step toward combating the virus. >> that the best defense against the new h1n1 flu, the vaccine by has been approved by the fda and its contract for delivery in the next four weeks. -- and is on track for delivery next four weeks. she told a house panel the concern is making sure that priority groups, including children and pregnant women get the vaccine first appeared in the meantime, -- the first. in the meantime, most to get the flu should recover at home. >> the worst thing would have -- would be for everyone to shot at the hospital or come to an emergency room door. the vast majority o

nice to have you on the program. thank you for spending your time. >> hi, maria. thanks for having me. >> good to see you again. let's talk a little about business right here. how would you characterize the car's environment from your standpoint? >> i think, you know, the cash for clunker really worked for us. our industry. and you mentioned august sales, they were up. we feel really good about it. right now there are really no cars on the dealers' lots. they're pretty well sold out. it will take a while to see what the rebound effect is. but we feel really good. >> what do you do to keep the momentum from the cash for clunkers going? what can you do to ensure that that business bump continues? particularly, you know, in the face much some people saying, look, sure the cash for clunkers was a good program and boosted things over the near term. but it's sort of like delaying the, or sec sell rating the ultimate issue anyway. people were going to get new cars at some point so they do it now as opposed to in three months or a year. how do you keep the momentum going?

nice to have you on the program. >> always great to be on your show, tavis.is: let me start by asking you about ted kennedy. you are a historian of note and there have already been a number of books written about his life and legacy, and god knows how many more will be written about him. your thoughts on the legacy of ted kennedy? >> this past year, he has done an oral history project at the university of virginia, working on his own memoir which is supposed to come out in october. this is the legislative giant. people talk a lot about john kennedy, is eclipsed life, and robert kennedy, is eclipsed life. teddy kennedy has been pushing for universal health care since almost day one in the senate in 1962. he had the full wind at his back pushing for voting rights, civil rights. he is an unambiguous liberal icon, an american icon an international icon, who even went to south africa and spent time with bishop tutu in the release he did days of apartheid and came back and announced the apartheid regime there. everything teddy kennedy did their that the stamp of ca

plosser, nice to have you on the program. welcome. >> thank you very much. i'm glad to be here. >> it's good to see you. can you characterize where we are in the economic slowdown, first off. tell me what you are seeing. we have the fed minutes from the last meeting. get your viewpoints on this slowdown. >> right. well, i think that clearly the economy is in a traition period from very sharp contraction that we had in the last quarter and first quarter of this year to an expansion, and we're sort of bouncing around and making that transition. we're going to have some good news, and we're going to have some bad news yet to come, i suspect, as the numbers come out, but gradually over the course of the next few months i expect the good news to become more dominant, and i'm looking for some growth in the second half of this year. >> where is the good news? can you take us through the growth part of the story within the u.s. or globally? where are you seeing the good news specifically? >> well, certainly it's true that we're seeing improved growth overseas. that'

nice. because its said on the program they were in there. it was quite weird. >> she was de nun who died more than 100 years ago. in 1925, she was recognized by the church as being extraordinary. >> to be made a saint in the catholic church, an individual has to be credited with a miracle, and that is what has brought many people here today, to be physically close to the remains of a saint. outside of the cathedral, not everyone is enthusiastic about the event. >> i thought the bible said that people should not worshiped idols. >> just to touch it 10 seconds? i guess it is a little bit crazy. >> how can touching the bones be seen as religious and not superstitious? >> people used to touch the hem of our boards garment. is that superstation quashed -- is that superstition? we believe the importance of touch is important. >> more than 45,000 people have lined up to see the relics this week, and they still have many miles to go before it is headed to france. it will leave behind import memories for many catholics. danny savage, bbc news. >>> mo

ken, nice to havyou back on th program. >> tha you so much, tavis. eat to be with you.: let me start by sayg congratulation i got a chance to e some of th and it is absolutely phenenal. once ain, you have done it, my friend. congratulaons. >> it is not a tvel log. it is not a ture fm though there is great stuff of nature. it is about ids and individuals. it is about stories. i think that is what mes it different om other things out the national parks. it is not even a rommendation tohat lodge or inn to stay at. tavis: you are one of the great storellers. i said aricans and folkround thworld are goi to preciate seeing the kind of stories that you bng to life. let me start wh the obvious, thbeginning at least for me, which is this tie. "the nional parks: america's best idea." i know there is going to be some convertion kicking upust around tt subtitle. america's best ide mr. burns? >>e kick it up in our film the first few minutes. we steal thisrom a writer who said it is t bestdea we have everad and mediately someone comes on a says not best ea. the best idecomes from tho

butler, nice to have you on this program. >> it's always good to be with you, tavis, so i'll be ablego home tonight. i am an elementary school principal and i'm actually in metro atlanta, dekalb county, so i just wanted to be able to go home tomorrow. tavis: if i said high school, i meant elementary school. i don't want to anger the little kids. i'm glad -- i take that. let me jump to the time i have to your story because there is another part of your story i didn't mention because i wanted to leave room for you to explain this but what got you on this sugar-free zone kick in the first place and the story has to do with your own health. i'll let you toll it. >> thank you, tavis. first of all, i'm a survivor of childhood and adult obesity and almost lost my life to a stroke 13 years ago. a lifetime of overeating. i was born and raised, you a you say, in rural mississippi, grew up on lots of cakes, pies, and fried chicken and catfish and somewhere along the way i developed a addiction for sugar and high carbs. and you know, eventually any habit, it has to come to an end, so 13 years ag

nice toook at it. it said on the program stinks it was quite weird. > say to race was a nun at died more an 100 years agoterese was in a add more than 1 years ago. she was recognized by the churches been extraordiry. >> anindividual has to be credit with amica. that is what has brought many people here today,o lose to theemains of th staint. outside the cathedral, not everyone is enthusiastic abt the event. >> i think it is an iddol. >> to touch it for0 seconds, i think it is a lile crazy. >> how can touching the casee seen as relious instead of serstitious? people used to touch the gaentf our savior. we do believe in the importance of touch. >> more than 4000 people have lined up tsee the relics so far this week. they sill have many miles to go bere it leaves behind important memories for many catholics. bbc news in liverpool. >> we will have more information on that on our web site. >funding was made possible by the freeman foundati ofew york, stowe, vmont, and honolulu. the newman's own foundation. the john d. and cathere t macarthur fodation. and union bank. >> and "bght star a new film by je campion

ken, nice to have you back on this program. >> thank you so much, tavis. great to be with you.: let me start by saying congratulations. i got a chance to see some of this and it is absolutely phenomenal. once again, you have done it, my friend. congratulations. >> it is not a travel log. it is not a nature film though there is great stuff of nature. it is about ideas and individuals. it is about stories. i think that is what makes it different from other things about the national parks. it is not even a recommendation to what lodge or inn to stay at. tavis: you are one of the great storytellers. i said americans and folk around the world are going to appreciate seeing the kind of stories that you bring to life. let me start with the obvious, the beginning at least for me, which is this title. "the national parks: america's best idea." i know there is going to be some conversation kicking up just around that subtitle. america's best idea, mr. burns? >> we kick it up in our film the first few minutes. we steal this from a writer who said it is the best idea we have ever had and i

nice to see you and have you on the program. catch me on the weekends. you can catch our webcasts.on pbs.org. thanks for watching and as always keep the faith. >> for more inform makes o osca winner behind "an inconvenient truth." >> there's so many things that wal-mart is helping people do. we're helping communities. the best is yet to come. >> nationwide insurance proudly supporters tast smiley. >> tavis and nationwide insurance. working to improve the literacy and the economic empowerment that comes with it. >> nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television]

prime minister, so nice to having you on the program. >> good to be back. >> prime minister stephen harper we will have charlie gasparino on the impact of ken lewis' future. >>> aig stock selling off, down 4.5% in the final stretch of the day. we'll have more on aig coming up next. um bill-- why is dick butkus here? i hired him to speak. a lot of fortune 500 companies use him. but-- i'm your only employee. we're gonna start using fedex to ship globally-- that means billions of potential customers. we're gonna be huge. good morning! you know business is a lot like football... i just don't understand... i'm sorry dick butkus. (announcer) we understand. you want to grow internationally. fedex express [ engine powers down ] gentlemen, you booked your hotels on orbitz. well, the price went down, so you're all getting a check thanks. for the difference. except for you -- you didn't book with orbitz, so you're not getting a check. well, i think we've all learned a valuable lesson today. good day, gentlemen. thanks a lot. thank you. introducing hotel price assurance, where if another orbitz custom

nice meeting you. tavis: glad to have it on the program. that is our show for tonight.ch me on public radio international. i will see you back here next time on pbs. until then, the night from l.a., and as always, keep the faith. >> for more information on today's show, visit tavis smiley on pbs.org. tavis: hi, i am tavis smiley. join me next time with acclaimed filmmaker ken burns with his acclaimed documentary on the national parks system. that is next time. we will see you then. >> there are so many things that wal-mart is looking forward to doing, like helping people live better. but mostly, we're helping build stronger communities and relationships. because with your help, the best is yet to come. >> nationwide insurance proudly supports "tavis smiley." tavis and nationwide, working together to improve financial literacy and the economic empowerment that comes with it. >> ♪ nationwide is on your side ♪ >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] captioned by the national captioni

gentlemen, it is very nice to have you on the program. >> great to be here. >> thank you. >> are there any upsets on the horizon that either of you can see in the fourth quarter that could take us back and get this market reversing after the huge momentum we've seen from march? >> well, there are certainly a lot of people that get afraid of october. we call it octophobia. we had vicious moves in the downside, maybe september on the overall was the worst month. i think there is a hesitancy going into october from a lot of people's stand points, traders, too. >> we had the 1987 crash, the 1929 crash in october, although you might say that it also represents a nice opportunity to put new money to work, huh? >> that's what i view it as. we think the market is going to rally in november and december. i think if you do get significant weakness in october, i think it's a terrific time to get a position for the end of the year. >> hugh, what do you think? what sectors do you want to be invested in as we approach the end of the year here? >> we agree that the market will work higher and do a zi

gentlemen, nice to have you on the program today. >> thank you. >> muhammad, it is wonderful to see you. congratulations recently. we all saw you with president obama, and we want to send you our best after that. really, congratulations. >> thank you. >> you've done so much in terms of banking for much of the world. can you give us a status check, where are we in terms of those people who are living in poverty, living under a dollar a day in terms of their access to credit, and their access and involvement in the financial system? >> it's expanding throughout the world. the idea that it started 3 # years back, gradually spreading through the world. still, the number is big, but it's not big enough to cover all the people. so there are nearly half the population in the world who have no access to any kind of financial ser vis. the it's not proceeding at the speed that they should proceed. it needs some policy decisions, so it can spread, start doing things, take deposits, land money. we started a program in new york city, and it works beautifully. now we're invited to do it in nebraska a

gentlemen, nice to have you on the program. welcome.hat is the appropriate price of oil in your view based on the supply and demand fundamentals? >> we're probably seeing right about where it should be. we still have plenty of supply, and not much demand. but oil being able to sustain these prices, at these levels, with all those factors in place, concerns me a little bit. we're probably valued between # $5 and $80 right now. that will probably continue into the first quarter of next year. >> do you agree with that? let me get your take in terms of pricing and where it should be. because some people might say, look, the 70s, probably more appropriate. others might say, we're not necessarily seeing a fantastic rebound in terms of economic fundamentals around the world. so where is the demand coming from? mark? >> well, right now, demand is slow. and in fact, we're seeing bills across the board. i estimated we should be lower than where we are right now, around $59, $60 range. but i do believe the prices are going to be going significantl

so nice to have you on the program. welcome back. >> it's great to be here again with you, maria. it's been too long since we've seen each other. >> it certainly has. let's talk a little about where we are in this recovery, or recession, however you look at it. a lot of people say that, sure, we are having past the worst, but looking at a recovery that's going to likely bump along the bottom a little while. how do you see it? >> this clearly has been the worst recession that we've had since the 1930s. i think the worst is past now. i think we have bottomed out. and i think we are starting to see economic growth in the economy this quarter that we're in now, the third quarter. and i think we'll see it again in the fourth quarter. so i think we're on the upswing. but this is not going to be a sharp recovery. because of the nature of the recession. so it's going to be a slow and sluggish recovery. it's going to -- technically we'll be growing, but it's not going to feel good. >> do you think we'll see unemployment get a lot worse? >> i could see unemployment going to the 10% range by