i think they are gaining share even from a saks. the valuation on saks doesn't excite me. on wet seal, their merchandise is very correct. some of the key competitors to wet seal, such as american eagle or aeropostale, their merchandise is not correct. >> reporter: june is typically the second biggest shopping month of the year. but some analysts think july will be a more important barometer of consumer spending. not only is it the start of the back-to-school season, there's also less discounting. erika miller, "nightly business report," new york. >> susie: tom, the positive tone that we've been talking about in the market all this week continued today because of those retail sales numbers that erika just told bus, the good numbers on the jobs market. but we have to see what happens tomorrow when the report comes out. >> tom: and some anticipation for decent numbers ahead of tomorrow. we saw that today with the stock price ralies, let's get to it with tonight's "market focus." optimism ahead of tomorrow's jobs data helped push up the major stock indices through out the day.

, saks dirt road. [ laughter ] [ in foreign accent ] this is a beautiful dirt road.ou don't know this place? [ laughter ] this is a beautiful dirt road. we have an allah garden -- right there. [ laughter ] we have an allah garden. saks fifth avenue, we have a target there. that's actually a target. don't go near there. it will blow that up. [ laughter ] that is a target. that is a major target. [ cheers and applause ] don't go near there. bed, bath and be head over here, we have -- [ laughter ] hey, i just read that george w. bush is getting his own limited edition baseball card. you can tell it's bush's card because eight years after you buy it, its value decreases $14 trillion. [ laughter ] i just saw this, you guys. a company in iowa is offering a $3 breathalyzer test at bars before people drive home. the company calls it a great way to fight drunk driving, while drunk people call it "the best bargain ever. come on, you guys!" [ blows ] ."28, beat that. come on, man. who's up there?" [ laughter ] and finally, a gallery in scotland will display a nude painting of 8

oh, yes, she was very sexy, beautiful lady and she invited me into the back room and served me sak . go on! go on! well i stayed there all afternoon. talking and drinking saki and suddenly she looked at me and said, mr. kimono man, come closer. closer. and she looked me right in the eyes and said, i think i'm falling in love with you. i am! i love you. i want you. i need you. then she started taking off her kimono. she started to take off her - what happened next! calm down. i can't. i'm just so jealous. wow you must have had a wonderful night together. you think so? yeah. actually, no. no. just because right as i was kissing her. samurais brother suddenly came home. diver suddenly came home. what happened? well, when he saw us he was so angry and he puld out his sword and was going to kill me. oh! how exciting. it was not exciting. what happens. as he ran towards me, he slipped on the shiney floor and dropped his sword. so, i picked it up and i cut him down! you killed? that's right. at that point the wife took out 100 yellow gold coins and said, come on, let's run away together. no

all of this raises serious issues, says former sex crimes prosecutor robin saks. >> she lied about the she lied to the investigators and she potentially lied under oath to the grand jury. when you have lies that are specifically about a case, there is no recovery from that. it's case over, day over, good-bye, good night. >> reporter: the district attorney's office and police are facing criticism over how the case was handled from the very start. >> it appears that what happened was that this was a rush to judgment. they did not want a roman polanski situation where he was going to go run off in france and possibly never return to the united states. but they chose speed and they chose sloppy work over precise interviewing and these were the consequences. >> reporter: for now, strauss-kahn must remain in the u.s., at least until his next court date on july 18. new polls suggest the french are divided over whether strauss-kahn-- once a leading contender to be president of france-- has a future in politics. michelle miller, cbs news, new york. >> pelley: as we celebrate america's independe

unemployment rates and accelerated retail sales in june now let's have a look at the end movers on why saks energy stocks are in the radway for gas strong lucent point seven percent this hour banking stocks are also trading and negative territory the sperm bank is shelling three quarters of a percent bucking the trend is ross telecom and it's rallying on speculation that could be completely sold to private investors. so they strayed michael starting from what creates a financial corp so as investors the mood will be affected by data from europe and the u.s. . today we see a p.m.i. idea coming out of germany we see retail sales coming out of the u.k. investors will also pay close attention to the weekly u.s. initial jobless claims data in addition there's an important event taking place in greece where even leaders will convene to talk about the terms and conditions of the second greek loan. the ruble could be on a downward slide if researchers from the higher school of economics are to be believed they're suggesting the russian currency is ready for devaluation next year and according to th

bailout analysts say and sally in default put proved fatal to a weakened years own chief economist at saks the bank scene jacobson believes only a radical solution could contain the debt crisis. what exactly could be done and the only real solution long term is for europe to establish a ministry of finance for europe europe was born without a minister of finance every single country is allowed to conduct their own checks policy their own fiscal policy read the clearly didn't work in order to move forward we need to consolidate and act as one europe and dabney that as one minister of finance correlating all fiscal policy that will make europe credible and of all that allow for the distribution of funds internally within the area. so you can look at the markets now traditionally we start with crude oil is continuing to lose ground despite threw in the trees in the us or in levels fears of softening demand the dominance in the market with investors concerned about u.s. economic power for you on the possibility of further monetary tightening in china now what we're seeing is brant just over on

saks? >> there will be a deal but it will be a bad deal.ng out. that's already been done. we basically have an agree the that the american people do not want, just as the pew survey said yesterday. richard is not right, the money is not where the entitlements are, the money is with the top 1% of this country. they have almost 25% of the income. >> but there is money where the entitlements are are. that can be saved. >> the money off the table is the rich. that's the game. >> that's true. >> you have a room. every one of those people is a millionaire, and they are negotiating away the benefits of the poor because medicaid is going to be on the chopping block. they're negotiating the cost of living increases of social security. they're doing exactly what the american people do not want by overwhelming majorities and the reason that they're doing it behind closed doors is the american people do not want this agreement. that's all. >> defend yourself, how dare you. >> there are's a good point he makes, though. >> if there was, i missed it. >> c

also, saks, and khol's. spending spilled into electronics. >> customers are jumping on to smart phones, some cost range from $200 to 300s skpdz they're comfortable. >> the economy may not be all rosie yet wech spoke to golden gate university's kit yarrow via skype. >> i don't think suddenly people are feeling fancy free. it's more snapping up bargains. >> you can see people loaded down with shopping bags but see moms like amy reader with her four kids, on the move -- unmoved by deep discounts. >> i try not to buy on clearanceance too much. i noticed i'd buy a ton of stuff. half would never get used. >> this college student is facing higher tuitions and book costs. >> i've got to pay rent and things like that. i just -- don't have the money to spend on, you know, nice clothes or a bunch of pretty jewelry autos retailers may have to raise prices soon. >> between high prices they're facing for all of the components of the products they want to sell, and the very super bargain mentality of consumers they're betw

stacey honowitz, a florida state prosecutor, and robin saks, a former los angeles prosecutor. stacey, people are talking about it as being the biggest upset for a prosecution team since o.j. simpson. is that fair, do you think? >> i absolutely think it's fair. and these prosecutors, unfortunately, it's interesting you go on the next day and you talk about it, and i give him so much credit. because even many small cases, when you lose something that involves a child or any case, you have to live with that and it resonates in your brain, day after day. what did i do wrong, what could i have done? in a case of this magnitude, when the entire world is watching, where it's an upsetting and shocking verdict, this is something they will live with. what did i fail to do? which in my mind, they didn't fail to do anything. they presented an airtight brilliant case. but they have to live with whether or not the closing argument they presented, could their forensics have been better? and quite frankly, you have to respect the jury, i don't agree wit, but that's the system that we do have.

it's a dress for 1,395 and put her in jimmy choo heels from saks. gorgeous gold. adds luster.ind of things, silk dupione. made with garnet. on her sister diane, that entire look is $350.95. the dress is 158 from macy's. the shoes are 71 from endless and we really tried to approximate a silhouette -- that is not a silk dupioni dress. a little bling in there. >> i like that. it really helps. >> only $68 as opposed to this one. >> okay. >> any idea what she just said? >> no. >> it's like mission control -- >> still on the lasers and all the worlds. >> all the ladies come out. >> that's it. >> there are more? more? >> you know, and the studio audience we have paulette and pauletta and they're twins in fashion design and they were there, in fashion. so they look great. >> both wearing splurge outfits. >> that's right. sam knows how to talk to a lady. for more information head to our website. >>> coming up next how to stop the brain drain through your kids' summer vacation. sorry, guys. >>> there he is, the sneaky teacher. it is time for another lesson from our sneaky teacher series

the sony, via saks mastercard, pay pal situation.you're looking at things like at & t, also the cia public website. it seems these hackers are proving a point that no one is safe. is that true? >> that's true, no one is safe. the fbi is pointing out the hackers are not safe either. you go back and forth for a while. the reality is no one knows who will end on the upside. your offering job, your average consumer is at risk of all your information being lost. >> is there anything you can do to protect yourself if you're in this global digital world? you have your credit card, you know, numbers out there. you do are you on line banking. you pay for things online. how do you protect yourself or can you? >> i think in the modern world the individual has to live as if they have no secrets. and that's unfortunately not the case for most people including i'm sure myself. the corporations that we see we always advise them to spend as much on security as they have on user interface design and graphics and for most of them that's not truetter a

d think it has led to weaker legislation saks >> no. i think the biblical providence -- the impact they have had unfortunately has been on the financial situation. they have had an impact by having the sec under funded. that is a serious problem. nobody has taken the legislation very seriously. if they have helped in this sense, it may have helped make the program better. one of the programs that they specifically try to repeal, which is one of the ones i am proudest of, providing assistance to people who are having mortgage problems not because they make at mortgage deals, but because they have been unemployed for a long time in this economy. they wanted to repeal that. that has just been implemented. in fact, if you look at the programs that try to get rid of, the have gotten better and stronger sense to have tried to get rid of them. the only impact they have had is not to the legislation, the other one by the way, we have had a serious psychological phenomenon. apparently, there are cases were going from the minority to the majority

and in any case, if we can all try to keep our comments brief so we can get to the q and a saks. although the president's speak last night didn't give me a great deal of cause for confidence, i still hope he will drop the insistence on the huge tax increase, drop his opposition to pursuing balanced budget. at this late stage in the process, it's obvious now to everybody that it is possible, increasingly possible, he will not have raised the debt ceiling by august 2. if august 2 does, indeed, passed. we believe it's absolutely essential that the federal government have a plan for prioritizing the payments that can and should and really must be made using the resources that the government will have. especially ongoing tax resources. some of us have been making this argument for many, many months now. unfortunately, the administration has persisted in denying that it can or will prioritize payments in the scenario. instead, they have persisted in predict default. implying they will choose to default on our bonds. in a letter that secretary geithner said in may, this would be an unpr