russell simmons is known as the godfather of hip hop. he co-founded def jam recordings.a fashion designer and launched a company. he's a best-selling author and philanthropist. his latest book is "super rich." he wanted to talk about a different kind of american dream. he calls it inner wealth. i want to start out with your definition of the american dream. the ideal. >> oh, my goodness, the ideal. any dream is really realized when someone is really happy. i think that's at chiefment of a happen pay state, consciousness. that's it. i mean, we're all here looking to be comfortable in our seat. i think -- i believe it's not only inherent in the definition of the american dream but just any person looking for contentment. >> so when you -- growing up here in queens, right, you grew up? >> that's right. >> what did you aspire to? >> as a kid i didn't really have that many aspirations for big success. certainly i may have had them or talked about them but i didn't really have as much faith in them. one thing happens, it gives you courage. another thing, kids are hopeless. eve

and one man who is living the american dream, businessman and author russell simmons. 14 clubs.what they tell us a legal golf bag can hold. and while that leaves a little room for balls and tees, it doesn't leave room for much else. there's no room left for deadlines or conference calls. not a single pocket to hold the stress of the day, or the to-do list of tomorrow. only 14 clubs pick up the right one and drive it right down the middle of pure michigan. your trip begins at michigan.org. >>> hello. the cnn center in atlanta. here's a look at the top story we are following throughout the afternoon. closing arguments are underway in the casey anthony trial right now. the prosecution argued that all of the evidence points to the conclusion that anthony murdered her 2-year-old daughter caylee. lead prosecutor characterized anthony as a liar. he said she maintains her lies until they are proven untrue and replaces them with new lies. the defense is currently presenting its final argument. anthony's lawyer conceded his client made bad decisions and should have called police to report

russell simmons, their manager and rather of joe simmons tried to renegotiate that contract and profile refuse. and, they got into a long drawn out evil battle that basically stopped run dmc's career straight in its tracks. and russell had to learn from that in the deal that he did later on. and it is one of the things that contributed to russell's ability to do better for himself. but, run dmc really never recovered from that as a recording artist. fortunately they were able to go wanting continued to work -- earners live musicians but they were never able to get back on the train as it moved forward, the musical train come as a move forward. >> why was there so much resistance to hip-hop when it first came out? like you said and you are very accurate, mtv, i mean these guys and girls were superstars in the community like here in one and inner cities all across the country. mtv wouldn't play them. why was that? >> part of it is white supremacy. the music business was incredibly segregated at the time. >> in the 80's? >> in the 80's, that's right. for instance you could have an artist -

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. >>> coming up next, music and fashion mogul russell simmons.w there's a crackdown on completely fake apple stores that have recently popped up. one of those fake stores is still opened. plus, all eyes on how the market is going to react to the debt debate. first, bill karins has a look at the forecast. >> a little break for areas in the north on the heatwave but that is the exception. many areas are hot. including washington, d.c. we're going to be 93. boston, hartford, the heat returns friday into saturday. dallas, 105 yesterday. 102 today. we have a chance for strong thunderstorms from fargo to sue falls to minneapolis. incredible summer heat all long, all season long in dallas. we'll continue this week. we've now had 24 days in a row of 100-degree heat. i think we have a chance of challenging the record which is 43 back in 1980. hottest summer ever. you're watching "morning joe" brewed by starbucks. [ diane lane ] is your anti-wrinkle cream gone... but not your wrinkles. new neutrogena® rapid wrinkle repair. its retinol formula smoothes wrin

celebrities are speaking up, a lot of tweeting and writing going on, kelly osbourne, willie allen, russell simmonsdemi moore. a lot of folks speaking out about, this including tony bennett who did a duet with amy not too long ago. he wrote, she was an extraordinary musician with a rare intuition as a vocalist and i'm truly devastated that her exceptional talent has come to such an early end. she was a lovely and intelligent person and when we recorded together she gave a soulful and extraordinary performance. just a lot of musicians chiming in on this. >> a lot of people touched by her career and her performance. >> and a great voice, , eat voice. sad. >> so unique, such a unique artist. all right, now a lot of people are going to be happy about this. remember "beavis and butthead"? >> oh, yes. >> well, they're back. do the little laugh for us. there you go. >> oh, man.. >> an updated version of "beavis and butthead" featuring "jersey shore" and the rest of it. this isn't the old "beavis and butthead," this is the new "beavis ananbutthead." mike judge hit comic con on thursday to discuss the reviv

candy crowley sat down with russell simmons. you know him.s about a different kind of american dream. he calls it inner wealth. >> the more we can let go of the need for results the better we can do our job. make a great record you hear a melody. that melody is what makes you happy. you may think for one minute i can't wait for my friends to hear that record, right? and if you're thinking how much money you're going to make off the record you're not doing a good job making the record. if your mind is on the money you're going to make from that record, you are really not making a good record. so your mind has to be and so as much as you can engage your focus, as much as you can in something -- some single point, this is happiness. >>> all right. you need music ideas for your 4th of july barbecue or party later today? may i suggest country music. why? today is national country music day. i don't know whether they meant for that to be coincident with july 4th but it is national country music today. happy 4th of july. quick break. back in main it