rjcheck. check. target in the pool. squeaks ] no! there's my angel.ed pool access an impossible mission. >> bill: cost us billions of dollars government today on top of how the drought could raise our grocery prices. the latest u.s. drought monitor shows this. dry conditions covering more than half the nation and much of our midwestern farm belt is getting the worse of it according to the u.s. department of agriculture, 90% of land with corn and soybean crops right now is in drought. and it reports the value of america's agriculture exports for the first five months of this year is down about $3 billion from last year alone. the biggest factor in all of, this the drought's impact on corn. mike tobin is live in bradford, illinois. what's the situation on the farm where you are, tonight, mike? all of this corn should be well above my head. in fact, it should be twice this high. but it's stunted because it's not getting enough water. when you peel one of these ears of corn you find so many bare spots. the owner of this particular farm expects to get less

rjcheck. check. target in the pool. squeaks ] no! there's my angel.ake u:oupervised pool access an impossible mission. >>stuart: if you thought the days of bailouts were over you may want to think again after the president is slammed if these comments. i say bet open america's workers. we have management and workers to come together, making better cars than ever and now g.m. is number one again. and the american auto industry is coming roaring back. so now i want to say, what we did with the auto industry we can do in manufacturing across america. >>stuart: craig smith, c.e.o. of swiss america is questioning that. i saw him in the monitor and he was shaking his head. you don't believe that g.m. is roaring back? >>guest: well, inhas given president obama the data because of course he is not. he wants to do this for all manufacturing, and he wants to violate contract wall and every sound economic principle that has been taught to do what he does with general motors, to general motors where he took the ownership of the company out of private hands and pr

rjcheck. check. target in the pool. squeaks ] no! there's my angel.naire investor warren buffett sending shockwaves through the markets today. he is pulling out of the municipal bond deal five years ahead of schedule. interesting thing is that buffett's $8.25 billion muni bond investment just hasn't defaulted. what does it mean for financially embattled cities and states across the u.s.? let's ask the chairman of the noil finance authority and ceo of development specialists. bill, thank you for being with us. we want to know if warren buffett knows something we don't, right? we have a $3 trillion muni dollar market and he owned $8.25 billion of credit default swaps. we don't want to get in the weeds. basically he would to pay if cities defaulted. >> i never want to underestimate warren buffett. i never want to argue with the fact that he knows more than i do but in this particular case, these aren't defaults on cities and municipalities. if you look at the underlying derivatives state issues. in other words these were against the state of california's

rjcheck. check. target in the pool. squeaks ] no! there's my angel. access an impossible mission. gerri: we are still awaiting a verdict in the apple samsung trial. it could come any minute. experts are standing by to tell you about it. we will get to that as soon as it happens. in the meantime, we will talk about lance armstrong. it is as if his record-breaking run is not one of the most incredible achievements in history. he is giving up writing the accusation of using joe. amanda was once considered a hero is now cheap. let's ask our legal analyst, lis wiehl. welcome back to the show. >> is a very sad day for sports. look, if you didn't do it, and then i am juror number one out there -- could stand up and say, i know his family is hurt by this and he is being hurt by this -- but he could stand up and say i didn't do it. here is the key, he would go through arbitration, which is what -- he could do all that. we are going to bring in 10 or more witnesses to say that we did do this. if you were innocent, in my humble opinion, he would've gone through