the economy is going to go the opposite way it did under regan. >> under regan there was a 7% rate ofh for five straight quarters. can we expect something like that, toby? >> we are not going get that. bernanke is the right man for the job. those of us working in the financial sector at that time, both did things that no one ever thought they would do. particularly raise the rates. remember the 15% money market accounts. he has the knowledge to do this and bernanke i think is the right guy for this. we are not going to get 7% growth in the economy today. the good thing is we have two billion new consumers throughout the world than we had in the '80ss, because of china, brazil, et cetera. bernanke is the right guy. let's not confuse the two decades because we are a different world today. >> he was able to cut interest rates just because ronald reagan was cutting taxes? is that the difference here? >> he had evidence that inflation's back had been broken that the recession drained the expectation. he could take 2 1* 1% interest rate -- take the 11% interest rates and bring them down to

trish regan, richard stengel, kathleen parker and john heilemann. that's the show. thanks for watching. see you here next week.

regan said her husband and kennedy could always find common ground and they had great respect for one another. the flag at the u.s. capitol was lowered to half staff in honor of the country's third longest serving senator who put his stamp on causes he held dear, health care, education and civil rights. con coul lens -- condolence calls are flooding into his washington office. >> reporter: two vans left the compound before dawn this morning. there is no word yet on funeral arrangements. kennedy represented the people of massachusetts for 40 years. >> i feel that a great dynasty has basically come to an end, and that he was really a great man. >> for me, this is a season of hope. >> reporter: one year ago at the democratic national convention kennedy spoke of his own illness and the fight for health care reform. the issue the nation is now focused on. >> the ghost an spirit of ted kennedy is going to be with that health care debate. >> reporter: ted kennedy was 77. his meme what is due -- memoir is due out this fall. cbs news. >> thank you very much. our complete coverage continues now

chris: i got a question from trish rage -- regan. and steve schmitt saw what was coming and he said i realized we were running against a continuation of the kennedy campaign, the good part drove obama to the white house. what do you think? >> i don't think that. i think that obama was able to harness this new generation of people that actually didn't have so many ties to woodstock. so some of the woodstock generation and the issues of that, were were put aside in favor of these. >> >> they were anti-establishment, anti-to the -- to the bush administration represented that mentality that was sort of part of -- >> it is a new version of that because it wasn't harkinning back to a very -- a very new version with the young people that were -- >> had did say, obama said i'm not going to get into the baby boomer battles, where 9 counterculture and main culture. i'm beyond that. the yucker supporters felt that too. those are not my wars or battles. >> that's why he was able to beat hillary. that's what it came down to, he really engaged the

trish regan, cnbc, new york. >>> the city of chicago facing its own money troubles planned something close to a shut down tomorrow. public libraries, health clinics, and most city offices, including city hall, will be closed. trash collection will be suspended. the city calls it a reduced service day and hopes to save millions. police, fire, and other public safety services will remain at full strength. >>> when "nightly news" continues, what it's really like to cover a war in a place that is no place like home. i didn't want to believe it. but that night at the bowling alley... where's alice? oh, there she is! she seems a little confused. that's when i knew... i couldn't wait. our doctor told us prescription aricept... is the only treatment proven effective... for all stages of alzheimer's. studies showed aricept slows the progression of symptoms. it improves cognition... and slows the decline of overall function. aricept is well tolerated but not for everyone. people at risk for stomach ulcers... or who take certain other medicines... should tell their doctors... because serious st

nbc's trish regan joins us with more on this. hey, trish. >>> hi, ann.e have seen credit card companies raise rates ahead of today's changes. hopefully that will stop. beginning toy ccritedard it companies are going to have to mail your bill out 21 days before it is due. this will give consumers an extra ekoio avy d anlate charges. the other big change, ann, they ivmust gd e you 45 days nostce before they raise your interest ra.s however this only applies to fixed rate cards not to variable rate cards. majority of card out there are actually variable rate. consumers should also know they have the right to reject an increase in their rate and pay off an existing balance at the current rate. additional changes are coming in februa o.f 1020 some tncdeaclu fathet th credit card coar ps inangoe g g credit card companies are going to have a whole lot harder time marketing to college students. because anyone under the age of 21 is going to need a cosigner for a card. finally one of the biggest ent ges thatppilhaexl n year. banks will only be ablseto rai your ra

. >>> era et@[ycfd]kph@h@t@[ycd 85 y 86 y la administración regan a moderar mucho su apoyo a regiméngimpsenado en una convensión.h@h@t@[ycglll senador kennedy seránvelados en boston maña y el vis, y el sábado habrá una misa fut@[ycd será enterrado donde descansan el presidente john kennedy y rober kennedy. >>> el senador tenía un poder especial para negociar, en qué consistía su estrategia? >>> el senador kennedy era uno de los miembros más liberales, y muy prag matico, y conunió a republicanos, entre sush@ mejor amigos los recordaron john mc h común, y el gobernador de california también dijo que lo ayudó cont@[yc su consejo, el l por tlzlkph@h@ar y ser muy bue. >>> muchas gracias, lourdes desde la capital del país. edward perteneció a una de las familias más respetadas en la política, h@h@t@[ smith nos presenta un recuento de la vida del senador. >>> nació en boston el 22 de febrero de 1932 en el seno de una lia@[ychy muy influyente, e hermano de figerrard kennedy, el más joven sirvio en el ejercito, se graduó de la universidad de harvard, se casó virginiat@[skph@ john b tuvo tr

i'm trish regan. take a peek, the dow up triple digits, 123 points right now, ahead of the fed's statement today. the expectation being that the fed is pretty much going to keep the status quo. interest rates will remain lower for some time. and that's leading to this rally. we're seeing it especially in financials and tech. you can see s&p up 1.2 -- 1.25%, nasdaq composite trading up a gain of 1.6. and brian shackman has more from the nasdaq for us. hey, brian. >> trish, about 2000, 3 to 1 advances to decline. let's talk about some of the names. big names up above with the market. 3.3%. materials, loss less than expected. they expect to return to profitability in q4. microsoft, talked about the nokia deal, of course. that is bullish for the stock. could be a bigger deal long-term. we'll see what happens. the competitor doing well, apple up, research in motion, oracle, 2.2%. and i want to point out the power of goldman sachs. the stock is up 9.2%. there are some negatives on the other side of the ledg

he had exhausted basketball eligibility, but you get five years to play four seasons for regan that makes this the final year of his football eligibility. i know it is complicated, but it is a legit. paulis had never taken a single snapped in college. a strength as it -- a strange position. john collins has your forecast right after this. announcer: during the autobahn for all event, you can get great lease deals. i love it! i just want to know it's the right move. me? thirteen days in the future. you get a deal on the car you always wanted. scheduled maintenance is included, it's all good. what's the future like? you love your new jetta. and the suit? you like it? no...i love it! >> the day after a super hacker was charged with stealing credit card numbers, we are taking a close look to see how safe your credit card is. if your number is stolen, what will it do to your credit history? plus, baltimore city police are searching for suspect they say attacked an elderly man fishing with his wife. the tells why the police are investigating this as a hate investigating this as a hate crime. ca

he is proof the transition is taking place for regan >> i have been trying to get a feel for how the school operates. >> i have done this several times before, so when you move around a lot, you meet new people in different locations, and i like the lifestyle. i have been to italy, finland, virginia, florida. i have been to hawaii three times for reflex the new high school has put the of room to grow, but the county says it will not stop with this project. we believe our county executive is committed. the commitment is there to increase of in our capacity but to make sure we have the most modern facilities available. >> the person who has what on their english card needs to be in this feed? -- in this seat? >> someone with all whole lot of money is giving some students a chance to head off to college, and it has become a real whodunits across the country, including maryland. anonymous donors have given when millions of dollars, but it is a total mystery. not even the school's no who it is. the check or money order arrives with specific instructions. $88 million have been given out to

more from cnbc's trish regan. >> in 90-degree morning heat hundreds of shoppers, some with umbrellaswait outside a kansas city apple store for their chance to save money. >> we got out here at 8:30 and it's worth being out here. i'm always about saving a buck especially in this economy. >> she'll save 4.2% on her purchase thanks to the weekend tax holiday on back-to-school items including computers. this weekend, ten states from north carolina to new mexico are offering early back-to-school tax breaks on everything from clothing to backpacks to electronics. retailers hope the incentive also create a surge in consumer spending. >> our research shows an uptick in sales in affected stores sometimes as high as 40%. >> reporter: but with the economy struggling to emerge from its deepest recession since the 1930s, some analysts say it won't be easy getting americans to loosen their purse strings. july sales numbers down 5.1% overall, that's weaker than the 4.5% average decline since february. department store jc penny got hit, off 12.3% and luxury retailer sachs sretail er saks 16.3%. sale

i'm trish regan. market off 18 128 on the dow on mixed economic news. right now it's looking like it could be an uneven economic recovery. just exactly what is in store for this recovery, and how can you profit from it? hey larry. >> all right, i'm larry kudlow. thanks, trish. the obama administration wants to charge large banks higher fees than its smaller rivals to pay for financial reform. in the "call of the wild" we're going to discuss whether it's a good idea and how you might be affected. hello, melissa. >> hey, larry. i'm melissa francis. michael vick is back in the nfl, signing with the philadelphia eagles. we'll look at what this means for the team's image and the nfl. this is "the call" on cnbc. >>> all right. stocks are at a loss this morning, on weaker than expected economic data. i don't know, consumer sentiment was light, industrial production up for the first time in eight or nine months. the dow, however, off about 1.5%, down 132 points. the s&p following dutifully behind, down 14.90. the nasdaq also lighter. by whatever it's lighter by

. >>> welcome back to "the call," everyone, i'm trish regan.he dow on this friday, a couple things going on, both ben bernanke saying positive things about the economy, as well as existing home sales numbers. all fueling this rally up 16 on the s&p, a lot of the financials driving this sw as well. seeing some up side, 1.3% as the gain on the nasdaq. now, we have been reporting, financial and policy makers from around the world are meeting in jackson hole, wyoming to discuss how to prevent another global economic crisis. glen had you been baubbard dean business school wrote that the fed's independence is at risk. welcome to the show. wonderful to see you. >> good morning, thanks. >> so how is the fed's independence truly at risk right now? >> well, first, the fed has had to take bold interventions in the financial crisis. no one questions that. but by taking on insufficiently collateralized assets, they're at risk. and they run the risk of having to go to the treasury too often. we need to get the risky assets off the balance sheets and on to th

one- year $1.6 million contract with the philadelphia eagles with an option for the second season reganwas greece -- release from federal custody after serving 18 months for dogfighting. >> we will check in on the eagles, plus the orioles and done eagles gathered. done eagles gathered. ...at the jcpenney lowest prices of the season sale. all arizona tops and bottoms are buy one, get one for 88¢ plus, save on denim at america's biggest back to school levi's sale kids' backpacks are only $11.99 athletic shoes are $38.99 all bath towels are buy one, get one for 88¢ plus, night and day doorbusters go to jcp.com and see everything on sale. style, quality and price matter. jcpenney >> it took nearly five months, almost a whole season gone, but for the first time in 2009, the orioles face the indians. kicking off, and no funny business. bottom two, solo shot to the left. just deep enough, as the game at 1. he is still opposition. i have yet to see him poll all home run, but anything is fine. jim johnson got the first two outs and fell apart. a base hit followed by this. a gut punch shot, an ex

and the two people who really drove that forward were ronald regan and margaret thatcher. i don't think it is a male female thing, i think it is inheritable to all people. >>reporter: in the end... greed and irresponsibility are likely to play a bigger role than gender. but it has certainly raised the issue. >>herbert: one of the results of the present crisis might be to rethink the role of women in the financial world. that would be very interesting. just like it happened in many other worlds now we see women are doing jobs that 20-30 years ago would be unthinkable and they do it very well. >>abirached: still to come on world business... an african academy - why feyenoord football club is fostering talent in ghana >>: touching the future - the new interfaces coming soon to a screen near you. >>: and how capitalists are cashing in on nostalgia for communism. >>: missing the bad old days... and the rest in just a moment on world business >>abirached: we are all familiar with using computers, the combination of keyboard and mouse has stood the test of time as the most user f

trish regan joins us from cnbc's global headquarters. trish? >> there are growing numbers of positive signals. the economy grew more last quarter, pace of job loss is slowing, and productivity is increasing. still you can't have a full economic recovery without the consumer. and new data today points to an american consumer who is still struggling. while the cash for clunkers program gave the auto industry a much-needed boost, there are new concerns today for the rest of the economy. >> people are buying >> people are buying automobiles and not buying other items. >> reporter: items like clothes, computers and other back to school staples that retailers count on for an uptick in sales this team of year. according to today's data, auto sales rose 2.4% last month. but the overall retail sector saw .1% decline. all in, retail sales are off 8.3% from this time last year. analysts worry they will grow even weaker in part because those new cars come with new car payments. >> it leveraged up the consumer for future months. they have now got debt they

a delta flight was about to take off from regan international airport when the plane experienced engine failure. fire and rescue equipment were brought out to the runway as a precaution. passengers and crew got off the plane safely. we are told they are being put on another plane. >>> meanwhile a north westjet blew five tires as it landed at the minneapolis, st. paul airport. that incident forced airport officials to close one runway for several hours. 15 employees were on the plane. no passengers on board. the plane was being operated for north west by delta air lines. in yet another incident a second north west flight had to make an emergency landing in rochester, new york. a fire extinguisher went off in the cargo area. no one was hurt. >>> thousands of homes are without power this weekend after wicked weather came through. heavy rains and strong winds knocked out power to more than 50,000 customers while flooding several homes. >> all of a sudden the rains were just so high and the creek took all it could take and it just overflowed into the backs of the houses. i have lived here si

. >> look back to ronald regan's death.ean, you didn't hear sort of the liberals and that end sort of saying outrageous things. >> there may have been people out there who may have said that but it didn't get much visibility. >> now it's visible everywhere, but that doesn't mean it's appropriate. >> if this is a virtual memorial service that our country is going through right now, they're effectively standing outside that service and saying really hostile and rude things. >> on the other hand perhaps some figures draw more, and that's always been clear about ted kennedy. >> kennedy has always had that. >> so in 1980 the reporter asks the senator. >> why, why do people hate you so much and he paused and you could tell he knew it was true, you could tell that it bothered him, and he said, you know, sometimes if you stand up for something people hate what you stand for and they hate you, and then he said and i've had a very public life and i've made some mistakes. >> indeed those mistakes are making their way into critics comm

bob orr cbs news, regan national airport. >> couric: and another note about air travel, and an all-you-can-fly offer today from jetblue. for $599, you can of you can fly wherever jetted blue flies as much as you want for one month starting on september 8. you must buy the pass by august 21 and book your tickets three days in advance. and coming up next, remembering the original guitar hero les paul. it's what doctors recommend most for headaches. for arthritis pain... in your hands... knees... and back. for little bodies with fevers.. and big bodies on high blood pressure medicine. tylenol works with your body... in a way other pain relievers don't... so you feel better... knowing doctors recommend tylenol... more than any other brand of pain reliever. this isnother. new total blueberry pomegranate cereal gives you 100% of the daily value of 12 essential vitamins and minerals. plus the bold new taste of blueberries and pomegranate with crispy whole grain flakes and crunchy oat clusters. total, a truly delicious way to get vitamins and minerals. how are you getting 100%? visit totalcereal.com a

longer, doctors say there is no bruising, swelling, or lumping associated with traditional fillers for regan -- or fillers. doctors say less expensive, non invasive treatments like this one are part of a trend. >> there is less down time, so that means less time away from work. >> in the attack on aging, it is one more possible weapon. >> it will be launched in the united states next month. if cost is expected to be around $1,100 for 4ccs. compare that to synthetic that runs $1,000 for one cc. >> now your forecast with john collins. >> we check out the radar. not a lot going on. there're a few showers north of baltimore county and along i-83. carroll county has a few spotty showers. to the area marked read, that is lancaster county, and there is a little triangular market there. radar has indicated there might be a rotation in the clouds, and that may result in a tornado. no reports of it yet, but the firm's founder is also producing tons of lightning. give this particular cell -- that particular storm is also producing tons of lightning. it is producing lightning and possibly some hail. it

westminster is 90. 81 in frederick regan -- in frederick. here is the satellite pictures showing storm cells to our north west. all of this is moving in. it is a very tropical environment. some briefly heavy rains and strong, gusty winds, but it is a small feature, and a bigger weather maker to the west. this cool front will try to come in tomorrow. with the front, it will help increase the chances for showers and thunderstorms. as it gets closer to the mountains, that is when we expect storm activity to crop up again tomorrow, but the front will buyout, and another one will try to come in by the end of the week. that is the one we expect to be the strongest. bill is a full-blown hurricane in the atlantic ocean. they are beautiful. this storm is nowhere near in the land at this point, but looked at the firewall -- eyewall. the storm is expected to become a category 2 storm, and whether the moves to the west, heading towards the maritime provinces, but notice that new england is happens. southwest winds of about five to 10. warm and humid to

. >> that is easy to answer for regan he feels sorry. as if it did not already have enough, he made a lot more friends by not sending the game into overtime. never send a preseason game into overtime. he enjoyed of the id reception, but you have got to see who still -- enjoyed a vp reception, but you will see who controls the game. the great defense still lives in baltimore the defensive back her hips the two-point conversion pass to steal the -- defensive darker tips the to-point conversion pass. the final play of carry weight with greg matheson and the head coach. >> it was good to see the young guys fighting to find a way to win, and he had a couple of mistakes common and but he made -- a couple of mistakes, but he made the play. >> the rest of the preseason will fly by now. the ravens play saturday night in carolina, and a raft of the week from thursday in atlanta of. -- and a raft of the week from thursday in atlanta t -- they wrap up a week from thursday in atlanta. >> the focus of the criminal investigation continues to focus on m

and welcome to "the call," everyone, i'm trish regan. we're 920 minutes into the trading day. yesterday's losses. they are boosted by a couple things with results out of retailers like home depot and target certainly looking more positive than the retailers in the past. we're going to discuss whether or not a correction could potentially be in the offering. >> larry kudlow is off today. senator charles grassley hosting dignitaries in iowa to drum up business for its home state. we'll talk to him live and get his take on where health care reform stands right now. this is "the call" on cnbc. >>> stocks moving higher this morning as home depot and target gave investors some hope for an economic recovery, but limited gains expected for a housing report. right now, how the dow is trading on the morning, up of after yesterday, yesterday up 43 points, about half a percentage point, 917 9 the last trade. the s&p up better than 4 points. the nasdaq trading higher by about 10 points. trish, what's happening down on the floor? >> i'll pick it up. >> oh, sorry, rebecca. >> we'll break it

. >> greg: when regan arrived he he arrived in a car. >> and neighbors came out and bought home mades one. >> he is the president. he should go by helicopter. mom, speaking of going, we have to leave now. >> oh, sure. i'm terribly uninteresting. >> greg: be safe. don't hang around the high school. >> you be good and don't run away. >> when we come back i will play back your voice messages left on my direct line. when you have a drug or alcohol problem, your whole world stops making sense. you can get help for yourself, or a loved one and make sense of life again. for information, treatment referral... and most importantly... help, tdd: 800-487-4889. >> they said soccer wasn't fun. oh, my goodness. this absurd kick, oh. >> whao. >> in the face happened in a match in bolivia which i'm told is a country. apparently that is how you say hello in bolivian. [phone ringing] >> the little blue phone. is one of the newer versions of the blue phone. goes with the blue bench. time for messages for greg. kick back, relax and feast your eyes on morphine cats as we bath your words with warm and soa

trish regan this morning. thanks, trish. >>> and finally now, new baby pictures from the san diego zoo, where giant panda bai yun gave birth wednesday to her fifth cub. a very vocal quarter pounder. officials won't know for weeks whether it's a boy or a girl, but aquoting a veterinarian, it was like, whoa, it's got a really good set of lungs. four ounces, and yep, that's right. about the size of a stick of butter. >> i get nervous when you call him a quarter pounder. >> yeah. >> it's so cute. >> very cute. >> so little. >> will get so big. >> giant panda? not now. >> okay, thank you, ann. now let's get a chehe >> it is reining in our neck of the woods. moderate shower activity. heavy on the eastern shore right now. we will remain intermittently in showers at least into the early afternoon hours. 81 today, mostly cloudy, 84 and that's your latest weather. lester? >> all right, al, thanks. now to washington, where congress has approved roughly $200 million for three lavish jets to be used by members of congress

>> all right, trish regan, thanks so much. >>> and facing a $7 billion loss this year, the u.s. postal service is considering closing or combining almost 700 post offices around the country. the postal service is losing money as increasingly people are turning to the internet. >>> man the world is changing. >> all right, ann, thank you very much. weather changing? >> our outfit should be changing. we're all wearing beige. >> khaki day here on the "today" show. >> ann didn't get the memo. >> i'm the holdout. i didn't realize. >> all right. actually we do have a little bit of a change coming up. looks like what we're expecting today, some severe weather in the midwest. heavy thunderstorms expected, strong winds, hail, from kansas city out to cincinnati, on into central ohio. columbus seeing some strong storms right now, as this front works its way through. we're looking at those storms firing up. rain falal >> not too far from our neck of the woods. high-pressure still holding up today. 87 to 91 degrees. calling for an official-90 at b.w.i. marshall. showers and storms by late tom

couldn't exactly go through the metal detectors at airports so as everybody else was standing in lines at reganardia, i got to walk around the security. probably didn't make me popular with the people waiting in 9 lines but i sure liked it. >> greg: do ambassadors get house boys? i know they do in other countries. do ambassadors get house boys? >> one of the things about being a ambassador is you are choired to give cocktail parties and dinners and lunches constantly so unless you are a good cook you need help doing that and that was a huge deal. >> greg: i want to be a diplomat. i want a house boy with a giant palm frond. >> it is all very respectable but, you know, diplomacy is the only profession i know where the diplomats have convinced their losses that unless they eat well, they can't do their job. >> greg: what about the idea of diplomatic immunity. is that something that you only really see in episodes of law & order or is it pretty much widespread that you can just get away with anything? >> it is something that shows the priority diplomats put on what their real job is. average citize

i'm trish regan.or an unprecedented look inside america's marijuana industry. >> i'm here to eradicate the scum that have infiltrate mid county and made it nationally known as a producer county of good marijuana. >> reporter: and now, the cnbc original documentary "marijuana, inc, inside america's pot industry. >> coming to you california. >> reporter: the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here families stroll the fairgrounds, future farmers examine prize livestock. this is northern california's m mendocino county. beneath its beauty

. >> i'm mandy drury standing in for trish regan and melissa francis. stocks are lower. despite economic data development, and gdp. plus, the latest on the fdic quarterly report on problem banks. larry? >> i'm larry kudlow, everyone. citigroup up about 70% in the last month. aig, fannie mae, freddie mac also on the rise. we'll discuss whether there is still an appetite for these risky stocks. this is "the call." we are cnbc. >> stocks trading negative to find better than expected results on both gdp and jobless claims. and the fdic reporting the number of problem banks rose sharply in the second quarter. home builders also lower, after toll brothers reported a widening second quarter loss. right now, the s&p is also to the down side. and the nasdaq is not doing too much better, an over 1% drop for the s&p 500. and the nasdaq is only getting 1995, below 2000, a drop of 1.5%. we have hampton pearson in washtd, bob pisani with the market reaction. but hampton, let's begin with you. >> well, first, here at the fdic, its second quarter banking profile tells us that by the end

i'm trish regan. join me for an unprecedented look at america's marijuana industry. >> i'm here to eradicate the scum that have infiltrated my county and made it nationally known as a producer county of good marijuana. >> and now, the cnbc original documentary, "marijuana inc.: inside america's pot industry." >> welcome to eukaya, california. >> the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here, families stroll the fair grounds, future farmers examine prize livestock. this is northernal

i'm trish regan. we want to get you caught up on the markets because we are up 74 points right now on the dow. a lot of optimism right now about the economic future.. s&p clocked through that 1,000 level, up 50% from its march 6th low of 666, it's just barely under that right now. meanwhile over the nasdaq, we are up about .5%, a little better than that, at 1,991. economists are more optimistic these days about the growth of the second half of this year and that could mean a quicker turn around in the job market. steve liesman joins us with an exclusive cnbc survey. finally a little bit of good news. >> we were on the phone this weekend and did a survey to see if they were changing their forecast. we've become more upbeat about second half growth and a bit more upbeat about job growth. economists in our survey increased their forecast of gross domestic product by nearly a percentage point to 2.65 from 1.75, and by about .25 point to 2.5% in the fourth quarter. they hit the 2.5% rate, which is seen as

i'm trish regan.ented look inside america's marijuana industry. >> i'm here to eradicate the scum that have infiltrated my county and made it nationally known as a producer county of good marijuana. >> reporter: and now, the cnbc original documentary "marijuana, inc, inside america's pot industry. >> welcome to california. >> reporter: the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here families stroll the fairgrounds, future farmers examine prize livestock. this is northern california's mendocino county. at first glance a picture post card of the far west. but beneath its beauty lies

. >> i'm trish regan. thanks for watching.nch" with a whole new cast this week. >> right. . >> welcome back. >> thank you. it's great to be back. >> if you are real good, she will show you a slide. >> of the rv. >> michelle off for a couple of days, welcome mandy drury. looking forward to a few days here. the global spilloff selled onto wall street, the stocks tumbling at this hour the global economy is the concern, japan's gdp numbers overnight, while they showed growth, not as much h growth as the world had hoped for, the major averages having their biggest decline since early july right now. health care stocks are among the best performers which we will explain in a little while why. >>> the question is whether or not this is the beginning of a big correction. so, we are going to gather the "power lunch" task force to guide you through the volatility and show you how to play this pull back. >> i'm mandy drury, the world economy grows, we look at what shape the recovery might take l we see continued global growth or will it

i'm trish regan. >> and i'm mandy drury. "power lunch" is coming up next. >> and just in time, the stock market turns higher as "power lunch" is come on the air here. >> it should be. >> welcome back. >> thank you very much. >> all back together again. if we could only figure out whatever happened to dennis kneale, we would really have something there. i'm bill griffith. stocks are rebounding. concern about china's ability to refuel a global recovery, the chinese market, the shanghai index is now officially in bear market territory, down 20% from its early august peaks. we'll have a look at what that means for your portfolio, coming up. >> and i'm sue herrera, warren buffett out with op-ed pieces saying we need to deal with u.s. debt. can this economy support a long-term rally? >> i'm michelle cabrusso-cabrera, google went public five years ago today. since then, shares have surged more than 330%, so where is the next google? we're going to go searching for the next hot ipo. and here is what else is on the menu. >> i'm mary

trish regan is off today. 90 minutes into the trading day, world shares hit a ten-month high, we will discuss whether the stock rally can continue. larry? >> my word, i'm larry kudlow, hi, everybody. ben bernanke says the worst behind us, nouri el rabinny says the chances of a double-dip recession are increasing. we will discuss who is right and who is wrong. >> another 150 to 200 banks will fail because of the current credit crisis and will be joining us live with details. this is the call on cnbc. >>> stocks moving higher in continuation of friday's rally on optimism that the worst of the optimism is behind us, not everyone agrees, including nuriel roub beanie. we will be bringing you more on that later. right now the dow up by .7 of a percent, five straight days in a row we are in the black. as for the s & p 500 up. and the nasdaq in the back. black. >> all big three talking about earnings improving in the next years. cash for clunkers expiring today but other programs traders are starting to get interest n you know, there is cash for appliances, part of the rebate program, rather

regan redoubled efforts and curbing imports for the immelt jul straub policy and brought about mandatory minimum sentences for minor drug offenses. in 1980 the fbi uniform crime report listed to within 100,000 arrests for heroin and cocaine tabulated together. by 1989 the figure jumped to more than 700,000. but the first battle creek and would fight in the war was against marijuana, which required leading siege to the once ignored basic liberal resistance northern california. his campaign against marijuana production, camp, began in the harvest season of 1983. u-2 spy planes and military copters flight over the golden state looking for grain crops. but the fall, corn and wheat and soybeans turned brown making cannabis easy to spot from the sky. the d.a. reported seizing 64,000 plants with an estimated value of $130 million. federal law enforcement or to the streets chanting war on drugs, war on drugs. the opposition printed bumper stickers demanding u.s. out of humboldt county. the 1984 cult was three times larger. nationally, pot plants seizures rose from 2.5 million in 1982 to more tha

. >>> good morning and welcome to "the call," everyone, i'm trish regan. 90 minutes into trading. stocks lower. getting hit by financials. investors awaiting the feds' decision on interest rates. we're going to debate that. plus, whether or not the one-month-old summer rally has any legs at all. larry. >> plenty of legs, trish. i'm larry kudlow. the dollar has been rally the past week. in our "call of the wild," we'll discuss whether the green back can continue to power forward and what it means for your portfolio. >> and i'm melissa franz en, gm's electric car out next year, 230 miles to the gallon. we'll discuss whether interest cars will be the catalyst for lifting the auto industry out of the doldrums. this is "the call" on cnbc. >>> all right. stocks moving lower this morning right from the open, pressured by profit taking and weakness in financials. in addition, a greater than expected drop could lead to a downward revision in the second quarter gdp weighing on the stocks. but on the positive side u productivity higher. the biggest drag on the dow today is ge, down about 1%.

thanks for watching, everyone, i'm trish regan. >> and i'm mandy drury. joining us. >>> this is cnbc.com news now. >>> the fda says the benefits of merck's cervical cancer vaccine gardisli to continue to outweigh risks. jd powers will cross the unit mark for august. that would be a 2% rise from a year ago, and first increase since june of 2007. freddie mac says the fixed rate mortgage fell to 5.21% this week, down from 5.29% last week. that's cnbc.com news now. i'm courtney reagan. >>> this is the time of year when i really am jealous of steve liesman when he goes out to jackson hole. absolutely one of the most beautiful spots on earth. and we'll be hearing from steve shortly. welcome to "power lunch," i'm bill griffith. stocks have edged a bit higher on the back of some mixed economic data, which we will tell you about. s&p 500 is back above 1000 at this hour. the financials once again among the best performers. of. >> i'm sue herrer. eddy lampert's investment in the retail giant not what he hoped for. >> and i'm michelle cabrusso-cabre cabrusso-cabrera.

i'm trish regan.ry. >> i'm here to eradicate the scum that have infiltrated my county and made it nationally known as a producer county of good marijuana. >> and now, the cnbc original documentary, "marijuana inc.: inside america's pot industry." >> welcome to eukaya, california. >> the scene, a county fair. two hours from san francisco, but a world away from the urban bustle. here, families stroll the fair grounds, future farmers examine prize livestock. th i

trish regan is off. stocks are higher, fueled by another term for ben bernanke and good news on the housing front and consumer confidence. larry. >> hi, everybody, i'm larry kudlow. now that bernanke is here to stay for a while, we'll discuss what it means for the economy, and the stock market going forward. >> and i'm mandy drury. in our "call of the wild" can the s.e.c. institute tighten regulations on the stock market, as one is calling for? this is "the call" on cnbc. >> a lot of positive news for investors to digest today. first up, president obama renominated ben bernanke as fed chief. home prices posted their first quarterly increase in three years, and consumer confidence rose in august. more on that one later. right now, though, the going above 9 600 for the first time since october. the s&p 500 is sitting at 1031 with a gain of just over half a percent. the nasdaq is also moving higher by about the same quantum at 2028. now, we do have john powell at the white house on the bernanke renomination

we had a tax law that -- it's not straight line and you saw during the regan years when marginal taxrevenues increased. so i think this is exactly what geithner and summers are grappling with, i just think in this case they were maybe too honest megyn: and is there any chance barack obama does allow a tax rise before election? >> yes, but i don't want it will be marginal tax rates or payroll taxes. i think it's spiral possible that he looks at a vat. value add d -- taxes. he's already broken his pledge he said he's not going to raise taxes on the middle class in any form, he's already raised the cigarette tax, probably the most regress i tax in america. megyn: well, you've got cap and trade which the republicans call cap and tax because it let the record show the -- >> yes. megyn: very interesting split in the white house and we appreciate you here to break it down for us. bill: we've been watching and getting a lot of scream and shouts at these town hall meetings. a lot of democratic lawmakers saying the anger over health care reform has them facing a long and painful august. how wi

i am trish regan. 90 minutes in to trading here at the new york stock exchange, a down day overall withhe dow off now 83 points on the heels of that ism number. we'll talk about that. plus, just exactly what is the retail play? ahead of the back it school shopping season. we will discuss. good morning, larry. >> i'm larry kudlow. looks like the senate will extend the cash for on clunkers program. we'll talk live with the head of the national automobile dealers association. we can guess he's happy and guess what? i am now in favor of cash if clunkers. i've changed my view. >> it's going to be a crazy show. the head of toyota usa jim lentz will join us live. the company announcing it will build and affordable sports car within the nest couple of years. this is "the call" on cnbc. >>> stocks moving low other some weaker than expected economic data. job losses in the private sector fell in july. and ism nonmanufacturing index came in weak than expected. all that weighing on the market. the dow down 82 points. almost a full percentage point. the s&p trading the down side also. it's down abou

trish regan this morning. thanks, trish. >>> and finally now, new baby pictures from the san diego zoo, where giant panda bai yun gave birth wednesday to her fifth cub. a very vocal quarter pounder. officials won't know for weeks whether it's a boy or a girl, but aquoting a veterinarian, it was like, whoa, it's got a really good set of lungs. four ounces, and yep, that's right. about the size of a stick of butter. >> i get nervous when you call him a quarter pounder. >> yeah. >> it's so cute. >> very cute. >> so little. >> will get so big. >> giant panda? not now. >> okay, thank you, ann. now let's get a check of the weather, first check, actually, from mr. roker who is still out in l.a. this morning. hey, al. >> good morning, guys. thanks so much, and as we check out your weather, see what's happening for today, out west e've got a risk of some stos out there from elko, nevada, up to cut bank, to omaha, wichita. these are isolated thunderstorms. possibility of some tornadoes out there. heavier stuff moving th

." >> welcome to "the call," i'm trish regan and we are 90 minutes into today's trading. stocks trying to rally here. well, still off 22 right now on the dow. but trying to rally back from their lows of the session. after a selloff from china. and a warning from mr. warren buffett. we're going to tell you exactly what is happening, iron it all out for you. mandy. >> hi, trish. i'm mandy drury in for larry kudlow and melissa francis. a new nbc poll says americans remain in doubt about obama's health plan. in "call of the wild," can reform ever be passed without the people's support? this is "the call" on cnbc. >> the obama administration is about to announce new federal guidelines to help businesses prepare for the upcoming flu season. the joint press conference led by hs secretary kathleen sebelius and commerce secretary gary locke will address swine flu and vaccination limitations. we will be bringing you all of the details as they develop. and you can also hear directly from kathleen sebelius and gary locke live on "power lunch" beginning at 12:00 p.m. eastern time here