rupert murdoch, chairman of news corp. says that the economic picture is so bleak that he's going to start charging for all online content derived from his newspapers and television channels. matthew price reports from new york. >> this is the capital city of america's newspaper industry. for new york's newspaper vendors, the golden age is over. do you sell the same volume of newspapers that you did? >> people are not buying papers like in the old times. >> why would hyde park with my hard-earned money to buy a paper like "the wall street journal," when i get the same content online for absolutely nothing? that is precisely the question that "the wall street journal," have been grappling with for quite a while. while it is true that i can click on some of the news content and read through that without paying a penny, when it comes to some of the more premium contact -- premium content, they say that i cannot read it without subscribing and paying a fee. >> we over -- we have over 1 million people who put down money to get

very arcane. >> rupert murdoch is saying yesterday, people are going to come to his sites because if break some news about a celebrity. well, you know, rupert, i've got the tell you, your scoop on the internet is -- becomes everyone else's scoop in about half a second. >> you know, jim and then the president told me some years ago that a scoop matters almost not at all anymore. minutes later showing up somewhere else. now twitter, nobody has to go to rupert's sites because they get them on twitter. do you think they'll try to start charging? >> they're going to do it smart. what you're describing is stupid, keep your most popular concept behind it. they're not stupid the the "wall street journal" is smart. look at what they said, exclusives, free. front page content, free. via social media, free. >> by the way, chris, that's not what rupert is saying now. he's saying the opposite of that. >> i would be very surpliced. i think you're misunderstanding what murd dock is saying. >> no, murdoch is misunderstanding what he's saying because he actually doesn't know. >> good. you know what?

our winner rupert murdoch.to be bill o'riley or anybody else who thinks they decide what goes on even for a minute on fox news channel? rupert murdoch according to "the new york times" piece has muzzled billo and kept him from speaking his mind because, quote, what billo said could create real consequences for fox's parent corporation. how dare you muzzle o'riley, mr. murdoch? how dare you, sir? this is the essence of corporate interference in the marketplace of ideas and it is shameful. solidarity, brother bill. free yourself from your corporate shackles. solidarity! rupert murdoch, who could never get away with that here, today's worst person in the world! hi. number two, please. would you like that to hurt now or later? uh, what? sir, it's a simple question. do you want heartburn pain, now or later? these heartburn medicines make you choose... between hurting now or later. pepcid complete doesn't. it starts to neutralize acid in seconds... and keeps it under control all day or all night. sometimes you gotta

our winner rupert murdoch.e to be bill o'riley or anybody else who thinks they decide what goes on even for a minute on fox news channel? rupert murdoch according to "the new york times" piece has musclmu muzzled billo and kept him from speaking his mind because, quote, what billo said could create real consequences for fox's parent corporation. how dare you muzzle o'riley, mr. murdoch? how dare you, sir? this is the essence of corporate infeerns in the marketplace of ideas and it is shameful. solidarity, brother bill. free yourself from your corporate shackles. solidarity! rupert murdoch, who could never get away with that here, today's worst person in the world! we call the bunches in honey bunches of oats e prize in the box. well, now there's a prize inside the prize. pecans! pecans! baked into crunchy oat bunches. taste the delicious surprise in every spoonful. new honey bunches of oats with pecan bunches. beautiful. are enjoying the new palm pre from sprint. its revolutionary web os allows multiple applica

our winner rupert murdoch.ould you like to be bill o'reilly or anybody else who thinks they decide what goes on even for a minute on fox news channel? rupert murdoch according to "the new york times" piece has muzzled billo and kept him from speaking his mind because, quote, what billo said could create real consequences for fox's parent corporation. how dare you muzzle o'reilly, mr. murdoch. this is the essence of corporate interference in the marketplace of ideas and it is shameful. solidarity, brother bill. free yourself from your corporate shackles. solidarity! rupert murdoch, who could never get away with that here, today's worst person in the world! (announcer) your doctor knows tylenol doesn't interfere with certain high blood pressure medicines the way aleve metimes can. that's one reason why doctors recommend tylenol more than any other brand of pain reliever. are enjoying the new palm pre from sprint. its revolutionary web os allows multiple applications to run at the same time. - ( thunder and rain )

rupert murdoch's new strategy to pay for content plan san unproven one. an idea to charge for access to the company's websites. saying quality journalism is not cheap, in an industry that give as way its content is simply cannibalizing its ability to produce good reporting. it is a rare success story in charging for online content. so there are two major challenges, getting customers to pay for something they get today for free and the fact most newspapers are not differentiated as "the journal" and will have little draw and space as free competitors. >> the ability to charge for online content depends upon the value, meaning the barrier tonightry of creating that content. and i do think "the wall street journal's" content occupies a very unique niche within media. >> and it's not just news content. newscorp recently hired president and chief operating officer carey saying it doesn't work even in broadcast tv. raising the idea of demanding cable distributors pay carriage fees for the fox network. cbs corp. reports its earnings after the bell of all of the

so it's really surprising and interesting that this is a part of the business that rupert murdoch is clearly looking to monetize something that has value. now, maria, this comes at a time when rupert murdoch and his recently appointed digital officer john miller are talking about charging for all of the company's newspapers. earlier this week they shut down a small newspaper in london. they're clearly looking to cut their losses. that paper was losing about $20 million a year. now they're looking to charge for more newspapers, applying the model of the "wall street journal" to the other assets. this really is a period of a lot of change in the newspaper division, and news karp -- and it's interesting that they're taking this approach. >> thanks very much, julia boorstin, with the latest there. up yex the impact on big business. we're going to take a look. the incoming ceo of cardinal health will give us his take. also, later on on the program the long and short of investing the current market. one leading market watcher and investor will -- it may be worth adding to your portfolio.0-

it is what rupert murdoch's described as a challenging environment.llion, and the cable operation is doing well -- it is what rupert murdoch has described as a challenging environment. without neil cavuto, we would not be doing nearly so well. ok. just wanted to see if you're paying attention. anyway, news corp. up slightly better than expected. all right, remember when the auto ceo's got reamed for flying to washington on private jets? these are going to be used to shuttle members of congress and other government officials around. the son of ron pollack joins me right now. he is also going to be making a rather big announcement on this show. -- the son of ron paul joins me. >> i want to say my congressman flying coach and waiting like everybody else to get on the plane. i think everyone is offended by that. remember the congressman from new york? he then ran an advertisement with red lights of a, saying, "your congressman has been flying to paris and rio the janeiro -- with red lights on it, saying, "your congressman has been flying to paris and rio

i told him i did not. >> then on to fox. >> our winner, rupert murdoch. how would like to be roger ales right now or bill o'reilly or anybody else who decides what goes on. >> o'reilly responded two days later, aided by a legitimate news story that ge paid $50 million that it cooked the books to mislead investors. >> ge defrauds the public, has to pay 50 million in fines, but could conceivably use taxpayer loan money to do it. amazing. situation directly touches the president because nbc news, owned by ge, has been perhaps barack obama's biggest supporter in the media. and jeff was awarded for that when the president appointed him to his economic advisory board. >> here go again. there's nothing wrong with network commentators taking each other on over issues and their own rhetoric, but the extraordinarily personal nature of this slugfest is making both sides look bad. as their bosses know all too well. >>> still to come, the curtain comes down on mouthpiece theater. how two of washington's top pundits ended their brief video career with a tasteless joke.

also what rupert murdoch plans to do about the cash that's sitting on the balance sheet. melissa, we're going to be getting some more information about newscorp and coming back to you. thanks so much. >> julia boorstin, we look forward to that. let's get instant analysis on this with porter bibb managing partner at metatech capital partners. >> rupert has a record, a track record of not disappointing the analysts, and he came in about where everybody was expecting newscorp to be. but more and more newscorp is beginning to look like an old media company. he's got some serious problems not just in radio and the book publishing. his newspapers are soft. television is not going to recover, despite his protestations that the advertising slump is over. and he's got some really, really serious problems with units like myspace, which is going to lose its google advertising contract at the end of this year. >> porter, i'm sorry, i have to interrupt you for one minute. we'll come back to you, but i have to go to jim goldman, crazy earnings today, who has the numbers on cisco. those

the governor already spent about $85 million to keep fannie mae and freddie mac going openp >>> rupert murdoch wants to start charging for online newspapers. it could be a risky bet that drives away readers. >>> coming up for "good morning america," is it take fof your friends to get multiple flu shots? stay tuned. i'm jeremy hubbard. >>> all right. 6:23 money we're still waiting for images on the big water main break in manhattan. >> down in lower manhattan, evacuated because of the flooding. we're looking at conditions that might make you think about the pool. as we head into this weekend, check it out. 85, a gorgeous day. we may have clouds for a couple of hours midday. otherwise, two degree guarantee, still 60s. the chance of an evening or overnight thunder shower. that is the leading edge of the real hot edge. high temperatures should generally be in the middle 90s. this will be pushing that air conditioning unit. overnight lows staying in the lower 70s. we'll try to break that heat wave in the latter part of the week. >>> justin, as we look at the outer loop of liberty road, traffic is t

. >> now rupert murdoch plans to charge people for reading all of his newspapers on line. >> reportere capital city of america's newspaper industry, but for new york's newspaper vendors, the golden age is over. do you sell the same volume of newspapers as you did? >> not like before. people are not buying papers like the "new york times."^ >> reporter: the point of course is obvious. why, for instance, would i part with my hard-earned money at a newspaper kiosk to buy a paper like the wall street journal where i can get essentially the same content online for absolutely nothing? that is precisely the question that the wall street journal has been grappling with for some sometime. this is their business model. while it's true i can click on some of the news content and read through that at my leisure without paying a opiniony, when it comes to some of the more premium content just down here, when i click on that is correct they say that i can't read it without subscribing and paying a fee. >> we have over a million people who put down money every year to get access to the wall street j

. >>> rupert murdoch says it is time to stop giving away the news online. the chairman of newscorp says his company will start charging for access to its newspaper websites, including "the wall street journal," within the next year. experts say the company could end up losing money, by driving readers away. >>> in today's "usa today" tech reportthe first iphone application to make turn-by-turn directions. "usa today's" ed baig took it for a ride. and said there were lots of potholes. >> i had issues with the sound. sometimes the voice didn't kick in at all. sometimes the directions came a little bit too late. overall the routing was inper size. but the biggest problem is that you can't have the ap running when the phone rings. overall, right now, i'm going to take a pass. >> and you can read ed's full review on usatoday.com. >>> and you can get the latest siness news anytime on our website. the address is abcnews.com. >>> and when we come back, e florida teen who had a run-in with a hungry shark. the tale of two, little munches. n >>> welcome back. these ar

up next, rupert murdoch said make them pay, but will the plan backfire. we are back in a minute. >> consumer feeling better? the ceo of this altered discounter on why the fast money from frugality is here to stay. this summer rally shows no signs of slowing. the economists called the crisis and said this is the mother of all bear market rallies. wait until you find out why. once left for dead, the chief at i-max on this company's magical turn around. the pit boss takes us down a notch for a long-term play on america's post market shows. taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. >>> time now for the "power lunch" trade to go. today that stock is up by 9%. >> like i said, melissa. the particular hardford is one of the stocks that has been on fire this week. a lot have. they take profits and they roll up to the next strike. they take profits and roll up. this is one of the hot sectors and the hottest stock. >> you would recommend doing that? >> i did that about an hour ago a and

rupert murdoch says he wants to start charging for some newspapers within the next year.ther newspapers could follow. it could be a risky bet. tals for a swine flu vaccine begins today. is it safe for your kids to get multip for loose shots? and that is your "money scope" report. >>> yo traffic and weather together every 10 minutes. let's check in and with brian. he has a change in tale to tell this morning. >> the first part is good. then the heat will be moving back in. 56 in hagerstown. 60 in woodbridge. we have a cool, refreshing start your day. it is hard to believe we could have such a cool morning. e storm system from yesterday moved off the coast. that will begin to usher in a dryer, more comfortable air mass this afternoon. there will be low humidity. temperatures will be in the mid 80's. a very nice-looking day. some clouds will move been tonight. they will be light. that will begin to transport the milder air for the weekend. tomorrow, near 90. then the mid and upper 90's for sunday. it could be a scorcher. saturday, mid and upper 80's at the beaches. it should

rupert murdoch is the one who most immediately comes to mind. but one of the things that really distinguishes hearst is that he was, i think, a great newspaper man, and not just an honor or proprietor. he actually could run his newspapers better than anybody who worked for him. he had just enormous talent as a journalist. and i think he had a much stronger sense of the public could than has ever been credited to murdoch. >> going back, it is kind as if the enquirer said it was going to get bin laden. when you think about it, why couldn't the inquirer say it is trying to get bin laden. if somebody were to do today some of the actions now how do you think the world react? >> there were 48 newspapers in new york. seventeen in the afternoon and the rest in the morning. when after a story they sent everything after it. twenty or 30 reporters was not uncommon to go and chased down a murder. and if there was a scandal involving a politician, same thing. it was just a full-court press. and having an advantage over your competition was really important,

. >> he was the rupert murdoch of his day, a media baron who made millions marketing crime, scandal and crisis. he was so rich he built this castle as a monument to his vanity, so iconic his life story inspired the movie "citizen kane." when william randolph hearst died in 15951 he left future general races of hearsts set for life, safely cushioned in the bubble of their birthright, on february 4, 1974, that bubble burst. >> in berkeley, california, last night the granddaughter of william randolph hearst was abducted by two men and a girl in a bizarre kidnapping. >> it was the kind of story that old man hearst would have loved but few who watched it unfold 35 years ago would have guessed that instead of ransom, these kidnappers wanted attention for their cause even if they weren't quite sure exactly what that cause was. >> i heard her pleading, please, no, not me. >> patty hearst was a 19-year-old college student the third of five daughters born to randolph and catherine hearst, privately schled and groomed for a life of leisure. she had a rebellious streak. she frequently clashed with

call or click today. >>> maybe rupert murdoch may be renting out -- how long is thisuate? >> 183-foot sail boat.

. >>> rupert murdoch wants to start charging for online news content. murdoch's news corp. owns the "wall street journal," the "new york post" and fox news, among others. the company has suffered from the slump in ad revenue. murdoch says, "an industry that gives away its content is cannibalizing its ability to do good reporting." end quote. of course, the big question for all of the rest of us is, is everyone else going to have to start charging for content? will the model work? will people pay for it? there are lots of questions out there but looks like they're going to do it. >> they'll find out how much their fans really like them. courtney reagan, thank you. >>> 11:48. 72 degrees. an update on the breaking news we told you about, a fire at a house filled with snakes. >>> plus another check on the >>> break news for you now. firefighters are oe fouirn th i section of fairfax county. megan mcgrath is there with details. we understand the home was full of snakes? >> reporter: yeah, a bits of a surprise for firefighters responding to a routine house fire here in the kings

we have startling news from rupert murdoch who says they will start charging access for all their websitesnd will turn everything down on the internet where most entirely everything is free of charge. the let's discuss it, gentlemen. first, porter, is this a brilliant first move he's making or is this desperation? >> i think it's little bit of both but think rupert has shot himself in the foot. unfortunately for everybody that wants free be universal and ubiquitous, rupert does have need to know properties like "wall street journal" and time

the times of london doesn't have that and rupert murdoch in australia does not have that. this is a brilliant move, someone has to do it but i don't think it will work at all. >> i think it will fail utterly. when i was at forbes, we looked how the journal went subscription only, had a million readers, forbes.com had no daily news coverage at all had 10 million readers a month going there to read that stuff and never hurts the magazine subscription. >> remember, wsj.com, rupert has been charging already, they tried it before he bought the paper and company afterwards and got the same kind of lackluster response. >> and from the "new york times" they were charging for the best columnist and ultimately retreated from that. >> that's a half measure. to compare forbes your old shop to the "wall street journal," daily moving news. i'm sure they made a lot more money off the journal than forbes.com. >> i wouldn't be sure of that. >> you can't be sure who what works for the "wall street journal" will work for anyone kneels john, i'm saying it didn't work that well for the "wall s

giving betsy mccaughey a bigger platform than she ever had before, bigger than the op-ed page of rupert murdoch's new york post and the magazine had to apologize for after the fact. john stewart braved giving the angel of deathers a big stage on which to propound her nonsense views that scare old people. he braved it so he could totally, utterly, thoroughly discredit her over two entire segments of his 30-minute show and another 10 minutes online. it was a public service, really. >> it seems like this bill is allowing people more control over their lives and your reading of it is hyperbolic and in some cases dangerous. >> in fact this provision is so dangerous -- >> i know. >> i just want -- >> this proifction is so dangerous that systemic finance committee already ripped it out of its draft. >> it's not because it's so dangerous, it's because people so lost their. [ beep ] about it. >> no. no. >> the misinformation that was put out there. look, we can argue about whether or not it's a slippery slope to certain things. but there is absolutely nothing in that reading that says this is a mandatory

she advanced it on the pages of rupert murdoch's post and promoted it on right wing talk radio showsincluding one hosted by fred thompson, the actor and former presidential candidate. but once that conspiracy theory got its start, it has been popularized not by people like betsy mccoy nobody ever heard of but by sarah palin and newt gingrich and the i influential republican talk show host rush limbaugh. >> people at a certain age, certain diseases, will be deemed not worth the investment and they will just -- as obama said, they will give them pain pills and they won't even know what happened. >> i have given some full disclosure about my talk radio career. here's a little full disclosure about rush limbaugh's talk radio career. >> august is national make a will month. visit national will month and set aside ten minutes and go to legalzoom.com and get started. do it for yourself, do it for your family. take control. now, legal doom is not a law firm. it was started by top attorneys to provide self-help services at your specific direction. legalzoom.com. >> yeah. talk radio is a small

tonight's worst persons in the world brought to you by rupert murdoch reporting a drop for newscorp infits from a billion in profits last year to $200 million in losses this year. and by fixed news celebrating eight days without having fired glenn beck even after he called the president of the united states a racist and even after fox led the attempt to black list dixie chicks in 2003 because one of them merely said she was ashamed george bush came from her native texas. the bronze tonight to lou dobbs. i've never actually seen a full fledged on the air nervous breakdown before but as lou sheds more viewers and more sanity it seems to be coming to that and quickly and about me. the real stories are just waiting to come out on his tenure at cnn if he wants to play those games. if you're wondering why i'm a little annoyed with the punk he attacked my wife and my daughters. i just can't think why in the world this guy would risk infuriating, annoying, and provoking to anger my wife because she would whip his sorry butt. i guarantee you that. so we're going to be having a lot of fun with m

she advanced it on the pages of rupert murdoch's "new york post," she promoted it on right-wing talk shows hosted by fred thompson. but once that conspiracy got it start, it was popularized by people like sarah palin and newt gingrich and the influential republican talk show host, rush limbaugh. >> people of a certain age, with certain diseases will be deemed not worth the investment and they will just, as obama said, they'll give them some pain pills and let them loop out until they die and they don't even know what's happened. >> now, i've given you some full disclosure about my talk radio career. he's some full disclosure about rush limbaugh's radio talk show career. >> visit national will month.com, or better yet, go to legalzoom.com and get started. do it for yourself, do it for your family. take control. now, legalzoom is not a law firm. it was started by top attorneys to provide self-help services at your direction. legalzoom.com. that's legalzoom.com. >> rush limbaugh and i have voiced ads for the same company, a company that i think does a relatively good thing in the world,

is owner rupert murdoch so desperate for cash he would sell the icon of his empire? apparently so.dman sachs. you know why he's worried? because their bonuses may be too big. yeah, they're worried that the government's not going to like that. and now charlie gasparino says the executives think they may be victims of anti-semitism. and get out your violins, the superrich are getting poorer. why that's actually bad news for the middle class. >>> and this just in, reports that president obama will raise the ten-year deficit to a whopping, hold on to your seat $9 trillion. fasten that seat belt because "the kudlow report" starts right now. >>> good evening, welcome back to "the kudlow report," larry kudlow has the night off, but don't worry, we still believe that free market capitalism is the best path to prosperity. today all major averages closed at new highs for the year. dow jones industrial average is little over 155 points, finally crossing the 9,500 level here. take a look now at the -- clear this, move it up next to

>> rupert murdoch has the right shoe on this. cbs, begine cbs, ginette. the names are up higher.r. >> go back to june 26th. 75 million shares and we told you to pull the rip cord then. i think it continues to move lower from here. >> a pop for the maker of pete's favorite food. >> oh, boy. >> let me tell you. no one buys more spam than hawaii. that's what these guys make. the feed costs are cheaper. they're doing phenomenally well. giddy-up for the big guys at hormel. >> is that what you eat? >> what a combo. 19.37 when spam was launched. it was in 1937. pop here? >> stock was downgraded today $32 price.. i think you could buy this and you know what else? let's bring microsoft in. microsoft will get in this space as well. >> dropper rbs was down 7%, tim. >> this stock is dead. 70% owned by the uk government in an environment where it's more onerous than it is here, by barclay's. your name over there. >> a pop for edward williams. the 47-year-old kansas native, the definition of lucky after winning the lottery for the second time in one year. mr. williams

. >> bringing in michael wolf, author of the man who knows the news, inside the world of rupert murdoch i was shocked when the news came out. the dow jones average is for sale. if you buy it, you can rename it. how desperate is murdoch that he would sell an icon of financial history? >> first my book is the man who owns the news and the corollary to that is who would want to own the news at this point? i think that's the situation that news corp and murdoch are in. the purchase may be one of the worst made in his career and he is trying to find a silver lining and get cash out of it and prove it was worth it. >> how much is it worth some. >> i don't know. they tried to sell various parts and haven't been able to. they went into the small chain of local papers and no takers. he is as so often happens, up against a wall. >> this dow jones business is a very, very small part of the business. it is profitable and high margins, but if they are not looking for cash, why they want to sell. the most reasonable answer is they are not going to be competing with facebook. they will target media. t

. >>> well, rupert murdoch wants to start charging for online news content.owns "the wall street journal," the new york post and fox news among other news outlets. they have suffered from a slump in ad revenue. murdoch says an industry that gives away its content is can balancizing its a ability to do good reporting. be interesting to see if that model works. >> it never seems to be a good thing. >> reporter: never. >> a snake collector is in the hospital after being bitten by his newest acquisition in southeast washington. 31-year-old jason dale had just bought the snake from a neighbor. he thought the snake was a nonpoisonous python, but while ying to pick it up, the snake bit him in the hand and it turns out it was a venemous copperhead. >> in the beginning, only this right here was swollen so i didn't think nothing of it. then about 30 minutes went past and my whole hand was swollen. that's when i said i need to go to the hospital. i get here, my fingers, all that's swollen. now the swelling is spreading up my arm. >> doctors say if dale hadn't received t

i guess it has been a year or so ago when i tried to find a connection with rupert murdoch or what everif he put any money into it. probably about two weeks ago, i heard brian say to someone he was interviewing -- he said to him that his father gave the first dollar to c-span. is there anywhere that i can check on this? i have tried several times. i cannot even find the board of directors anymore. host: i recommend going to the website, c-span.org we run notices letting you know that c-span it is a creation of the cable networks. let's go to the guest. guest: that is an excellent question about the money that was appropriated in the last administration and congress. i cannot speak for the big players. but i can tell you that our community banks, the ones that did get the money, did make the loans into the communities. we have checked with them. that is why they applied for the money when they did apply. we have a pretty good record on that score. host: the president has said that the agency would have the power to set standards and allow companies to compete with innovative products. co

rupert murdoch are these right-wing nuts and you keep the right wing nuts on the tv.his guy is a big joke. he is talking about 10,000 lives, like people are commodities. we're out of cattle. -- we are not cattle. if we are human beings and should be provided a service at reasonable cost and it is not happening. he is not offering an option. he is just making of stuff, telling one lie after another. guest: well, if i may respond, forming a group is what insurance is all about. i mean, fundamentally, that is what insurance does. if you have insurance through your employer, you have joined a group. çthe health plan that your employer has selected, or if they give you a variety of options, the health plans are looking at you as a group, not as an individual. which again, is another advantage in forming cooperatives. when you are buying insurance by yourself, that is where you get the medical underwriting. that is where you get -- where the insurance company does exclusions for pre-existing conditions, etc. what i am saying is as individuals, if we can join together as a

rupert murdoch are these right-wing nuts and you keep the right wing nuts on the tv.his guy is a big joke. he is talking about 10,000 lives, like people are commodities. we're out of cattle. -- we are not cattle. if we are human beings and should be provided a service at reasonable cost and it is not happening. he is not offering an option. he is just making of stuff, telling one lie after another. guest: well, if i may respond, forming a group is what insurance is all about. i mean, fundamentally, that is what insurance does. if you have insurance through your employer, you have joined a group. çthe health plan that your employer has selected, or if they give you a variety of options, the health plans are looking at you as a group, not as an individual. which again, is another advantage in forming cooperatives. when you are buying insurance by yourself, that is where you get the medical underwriting. that is where you get -- where the insurance company does exclusions for pre-existing conditions, etc. what i am saying is as individuals, if we can join together as a

chairman rupert murdoch says the company will use "the wall street journal's" online site as an example adding what he says quality journalism is not cheap. >> that's really my pet peeve. you have all a of these journalists, these people who have spent their entire lives -- mike, you can speak more to this than me -- spent their entire lives owning their craft and i get the benefit whether i'm reading a conservative columnist, whether i'm reading a liberal columnist or frank rich, they've spent their entire life honing their craft and for them to work all week and give us a great column and then for it to just be given away free seems to me obscene. just obscene. >> but they're going to have to figure out, the owners of publishers and newspapers, are going to have to figure out a way to monetize the internet or they're not going to survive. they made the horrific mistake eight, nine, ten years ago of giving it away for free and now the drudge reports and everybody else just, you know, grab it, put it up on their website for free and, you're right, joe. >> there's a great "washington pos

rupert murdoch wants his company to start charging by all news websites by next summer.so warns newscorp could break off relations with kindle. >>> to vote a $2 billion extension for cash for clunkers. harry reid says he has the votes to pass that bill. >>> bank of england leaving the bank rate unchanged to 0.5%. bank of england leaving the rate unchanged, 0.5%. we'll get news later today from the european central bank. bank of england leaving things pat. >>> let's say hello to our guest host, stu schweitzer. stu, it's great to see you here. >> great to be back. >> we have watched a huge run in the markets over the last five, six weeks. and it seems even when the markets get disappointing news they manage to power through it. yesterday down but not by a whole heck of a lot. you're still talking about the s&p above 1,000. so you think things have certainly bounced off the bottom but are we really seeing a recovery here? >> i think we're seeing a temporary recovery because we're going to get this inventory related push to growth in the second half of the year. factories ha