alan simpson said "5:45 in the morning, are you kidding me?"ings light up you'll get a better view for where we are. it's a beautiful area down overlooking the things. as the sun gets up, this is another tease -- the moth is back. you got to be kidding. he's on me. hold on. >> all right, maybe, yeah, wow. that moth is in love. thanks, becky. jamie dimon and jpmorgan in the spotlight, the bank set to release quarterly numbers and presumably more information on its multibillion-dollar trading loss. makes me thinking remember how spider-man, how that started with one, i mean, i don't want to becky to come book ooh! >> are we going to endorse that movie, the kernen sorkin thumbs up and i don't know if becky's seen it. >>> becky grasik from large caps for morgan stanley. what is the loss? that's all we care about. give me a number, what do you think it is? >> the number we have in our models is $6.5 billion. >> ooh! wow, if we were scared at two, but based on the size of jpmorgan, that is manageable, and that probably doesn't put the uninight an ove

. >> angela simpson is one of the four women assigned to atom 100. >> simpson, i think, is very scary individual. she's probably the only one in there that i take every precaution in the world to make sure my staff and myself are safe. >> i heard they said i was possessed by the devil. that's hilarious. isn't that beautiful? i told my kids when they were babies they saw a guy [ bleep ] behind a circle k. i told them that's how cops grow. so, yeah. i didn't know they would next week go [ bleep ] in the alley and try to grow a cop. that was not my intention. >> she seems to have a true gang type mentality. snitches get stitches and ditches. she'll stare you down and the hair on the back of your neck standing up. >> i've asked god a lot to spontaneously combust officers. >> where does that come from, your hatred of cops? >> that's not something i'll discuss. >> but simpson regularly illustrates her hatred of law enforcement officers through her drawings. >> here's one for my brother. i've got to send that to him. it's from the pigs in a blanket series. don't you love the pigs in a blanke

senator alan simpson joining us. >>up next on "the walstreet journal report," it's not all business. i'm courtside with nba great kareem ababdul-jajabbar. how retirement helped this hihistory major find his inner edator. >> you want the ball to come >> you want the ball to come down through the and so too is the summer event. now geget an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension. but hurry before this opportunity...disappears. ♪ the mercedes-benz summer event ends july 31st. ♪ th don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirementpecialists can help you build a personalized plan. and with our no annual fee iras and a a wide r range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ >>> welcome back. the nba's all-time leading scorer, kare

her name is angela simpson. >> simpson i think is a very scary individual.the only one in there that i take every precaution in the world to make sure my staff and myself are safe. she is the one in this whole jail that creeps me out, for a better word. >> i was the first person on the crew to get introduced to angela simpson, and upon meeting her, the first things that came out of her mouth when i approached her, she pretty much told me to go "f" myself. for someone to say, go "f" yourself, it's like, all right, welcome to jail. >> simpson is a very scary person. she is just by the nature of her crimes and the way that she has been here and just her manners and that, she just doesn't seem to have a lot of those inhibition controls that most people would, and because of that she can be very much a threat to staff. so we have to keep her in a very controlled setting. >> simpson was accused of kidnapping, torturing and murdering a man she believed to be a police informant. she has then said to have dismembered the corpse, set it on fire and throw the remains i

it's a two-shot lead heading to sunday for webb simpson. nick: that puts a little bit of pressure on him. he's a player who's meant to do it, meant to win now. that adds a little bit of -- as i say that, it's the pressure to sunday. if you're meant to be the guy to finish it off, you have to go out there and show everybody. >> he's interesting in a mickelson kind of way. i've followed webb quite a lot. he'll make mistakes every now and then that the average player might make but he has that brilliance that goes along with it. very interesting to watch. jim: birdied five of the last 12 holes to shoot 65. now jonathan byrd. nick: only even today. he got steamrolled by a lot of players. jim: you were saying he played well. >> he did. he was two over early and played the last few in a couple under. he's the kind of player that could shoot low tomorrow. jim: he's in that dangerous pack at eight under par. so 54 holes complete and the u.s. open champion is the story here. webb simpson lives about a four, five-hour drive away over in north carolin

are you talking about the simpson-bowles or rivlin-domenici approach to this? do you want to get the conversation started now? everyone is talking about nothing being done until after the election. >> number one, we have a very fragile global economy. number two, we have a fragile u.s. economy. number three, neither party in my view has a governing strategy. they have a political strategy. that's apparent every day. but a governing strategy in fiscal terms is something different. number four, neither party can basically impose its will on the country and on the other party so it's going to take cooperation. as i see this coalition, committee for responsible budget, we have csis involved, we have the concord coalition very much involved, i see us as trying to lay a foundation of understanding in the american public about the seriousness of the problem, the framework of the simpson-bowles approach which is the best framework out there. same thing with the domenici-rivlin, very close. they have done a terrific job. and trying to build a coalition around america to

my conversation with alan simps simpson. and i'll go one-on-one with basketball legend kareem abdul-jabbar. the "wall street journal report" begins right now. >> here's a look at what's making news as we head to a new week on wall street. america's economy slowed to the weakest pace of growth in a year. the gross domestic product just 1.5%, slightly better than expectations. about half of what it had been late last year. consumer spending was week, helping push the number down. the economy has grown for 12 straight quarters. ahead of the european central bank vowed to save the eurozone from collapse. the comments coming from mario drogy at a speech in london. >> within our mandate, the ecb is ready to do whatever it takes to preserve the euro. >> those words pushed the markets to the best gains of the month on thursday. closing up 200 points a second straight day of gains. in earnings news, european woes are impacting company's bottom lines. mcdonald's missed earnings estimates. ups was short as well. and apple also falling

. -- simpson-bowles proposal. taking into consideration what the president and the speaker of house -- speaker of the house did -- producing a vehicle that will give people on capitol hill some resources is, i think, a very constructive effort. it is great to join in with all these extraordinary people in undertaking this. time is running short. we have a major decision point coming up with the fiscal cliff occurring and, probably the mother of all lame ducks in december. we want to make sure that you have what they need to make a good decision. >> it is a real -- i am bob zelnick, just left the presidency of the world bank. it is a real pleasure to be here. it is an honor to work with senator simpson as erskine bowles said. a month or two ago, i had a visit from the foreign minister of australia. a good friend of the united states. what he said has stuck with me. the united states, he said, is one a budget deal away from restoring its global pre- eminence. but, he cautioned, there are countries in asia-pacific th

that doesn't mean he disagrees with the spirit or the principle behind bowles-simpson.sacrifice on each side and agree with something you completely disagree with. >> like the president won't say that he'll do it with 250 and above. he won't say we'll extend those until you get together and he gives that up and maybe romney gives up -- >> the difficult part about simpson-bowles you've got to give on a lesson that you don't want to, for both sides. >> the key question that has to be focused on, what is a tax increase. is a tax increase higher tax rates, is a tax increase more revenues than we're getting in now? >> it's not revenue neutral. >> hold on. i would respectfully suggest that there's a way to solve this problem in a way that could be characterized as a tax cut with comprehensive tax reform. let me clarify. under current law, we are headed to revenues being 23.3% of gdp and rising in 2035. we can solve our problem in a lot less than 23.3% of gdp. >> okay, i see what you're saying. >> at the same point in time we can't solve it at 18.3. it's math. >> that's a good

it's a two-shot lead heading to sunday for webb simpson. nick: that puts a little bit of pressure on him. he's a player who's meant to do it, meant to win now. that adds a little bit of -- as i say that, it's the pressure to sunday. if you're meant to be the guy to finish it off, you have to go out there and show everybody. >> he's interesting in a mickelson kind of way. i've followed webb quite a lot. he'll make mistakes every now and then that the average player might make but he has that brilliance that goes along with it. very interesting to watch. jim: birdied five of the last 12 holes to shoot 65. now jonathan byrd. nick: only even today. he got steamrolled by a lot of players. jim: you were saying he played well. >> he did. he was two over early and played the last few in a couple under. he's the kind of player that could shoot low tomorrow. jim: he's in that dangerous pack at eight under par. so 54 holes complete and the u.s. open champion is the story here. webb simpson lives about a four, five-hour drive away over in north carolin

. >> i am cynne simpson. let's check in with lisa baden and meteorologist adam caskey to find out what the forecast looks light. >> i cannot get that voice out of my head from the urinal. let's look at live super doppler 7. we have a few showers right now with no lightning or thunder. downpours and senior is county south of 235 approaching tall timbers -- downpours in st. mary's county. 77 degrees for the high temperature in arlington -- for the current temperature in arlington, on our way to the '90s for the afternoon. now to lisa baden. >> she is checking on the hov restrictions. we will have that in a few minutes. we are getting word the restrictions are lifted once again today. she is working the phones. we will get the updates in a few minutes. let's talk more about the recovery efforts which continue after friday's deadly storms across the east coast. >> severe weather been going on at least 22 deaths. 1.8 customers without power. hundreds of thousands are in the d.c. region. pepco reports just over 117

simpson takes homeless vets off the streets. simpson says the modest shipment included some useful items. 2300 disaster blankets, good for a couple of days' use, and some cleaning supplies. but it also included this. >> sent us a 2600 bags of cough drops, and 22 hundred little bott bottles of sanitizer and 11,520 bags of coconut m&ms. and didn't have a lot of use for 11,520 bags of coconut m&ms. >> reporter: here is what the dvnf posted on its website about the work they were doing in alabama. >> we send, by the truck load, items that these centers and shelters say they need desperately. >> for our veterans who have given so much to our country and now need our help -- >> great sound bite. >> reporter: godid they ask you what you wanted? >> no, they say you have a truck load coming. >> the stuff on the top is what came in on the last truck, the lotion, some hand sanitizer. >> reporter: it is unpacked. >> it is unpacked. >> reporter: because they don't -- >> we have no use for it. these shelves should be filled with this. >> repo

and bowls. >> simpson and simpson-bowles. >> for a commander in chief to embrace at that point, they designed some of the savings on the entitlement side that are very hard to support in that context and ultimately they did not get any republicans in the house, so they couldn't get a majority necessary to adopt the report and therefore, this is important, and, therefore, at that point, we thought the best thing to do was to use that excellent work as the foundation for trying to build a broader consensus on that, as you know we worked very hard, really throughout the --, you know, throughout last year with the leadership in the republican -- in congress trying to build that support and we got -- we got pretty close, not that -- not all the way there, but as i said, you should take some comfort in that too, because that shows a gooder recognition that this debate began with simpson-bowles in some way and end on terms broadly similar to that where you have tax reform that raises revenue and spending savings across -- >> rose: boehner told me two things, one is simpson-bowles was the me

>> let's, let's talk about simpson-bowles as well. >> rose: you are against simpson-bowles? >> look -- >> rose: the president is supportive of -- >> he is more against it than i am against it. >> rose: he understands -- >> i think that the communications on this thing has been terrible. i think that -- >> not so much about the president, the president wants more than simpson-bowles. >> if you read the piece in "the new york times" he was going to offer them more than simpson-bowles, and eddie haskell what is his name, cantor, wrote a, wrote the thing, rolled the whole thing up. >> eric cantor. he looks like eddie haskell to me. >> rose: and what you look like -- >> like a fish that swam too close to a nuclear reactor. it is the 40th anniversary of the -- it was out of a love scene of deliverance. >> rose: i won't make that call. >> i was express anything respect for simpson-bowles. >> they raise revenue and did brave things in the polarized context we are in, there is actually a letter, open letter to -- a private letter to tom friedman in this book where i say, look, but yo

simpson bowles, how come we don't see that type leadership?> because that requires stepping on toes, the senior's toes, the revenue, we're not going to get this done without some pain, and the key is to distribute pain fairly across the board. that everybody feels a little bit of pain to get the patient well. >> yes. >> and we can do this. and i think after the election, there is going to be a 2-5 month window where we can get this thing done. by the way, you said a key word, we also have to invest in our infrastructure. everybody knows that. we also have to invest in research and development. so at the same time we're making significant cuts and raising revenue, we have to make some targeted investments to get the country working again. >> unfortunately, you're not hearing that conversation. and i think if you were to hear that conversation, i think you're right. people would buy into it. because they understand the issues of the day. let me ask you about the jobs pictures, because of course we got the jobs numbers out. they're weaker than ex

that's why we're pushing the simpson-bowles plus proposal. get the deficit and debt under control under a period of time and which had fiscally conservative and liberal members voting for it. so we think it's a good blueprint to work from and we're going to continue to work to push a simpson-bowles plus program for the senate and the who us to work off of. >> it's interesting about simpson boles, it got a majority of votes, not enough to get its vote in congress and all of that. but of the 11 votes but of the five of the six house members, i think it was two democrats and all three republicans voted against simple son boles. doesn't that tell you there's nothing that the house, you know, i mean house republicans unanimously against it, are house democrats 66% of their membership on simpson-bowles against it? doesn't that tell you that's the problem? is it the house? >> no, it tells you that the house needs leadership because of the fact that it's become politically stratified. you've got a lot of districts in the house which are gerry mandere

the leader, web simpson. this is on seven. for birdie. simpson has the a two-stroke lead going into the final round. your shot of the day comes from 15 for birdie. very nice. and seven strokes behind simpson though. entering the final day. and the women's final at wimbledon. serena williams playing for her fifth title at all-england club. the number six, sealed the first five games to take the opening set with ease. in the second set, down a break. she had been struggling with a cold. manages to break williams twice. she force is a third set. so, williams gets back on track, she ends the match, the same way she started it. five straight games. and sealed her 14th major championship. she also won the women's doubles title with her sister venus. she is a double winner the now each sister has five wimbledon singles titles as well. so quite an accomplished duo, i must say. >> absolutely. after the ten month break as well. incredible. >> yeah. yeah, had some crazy health issues. to see her so strong after that. nice to see her back. >> thank y

that was just 18 years ago. >> please welcome webb simpson! nick: he said i had a lot of strain in my left hip and i tried to gut it out and then arthritis set in. >> give a greenbrier welcome to troy kelly! jim: today he could be introduced on every first tee from now on as the green bear classic champion of 2012. that's if he makes this putt or goes on into a playoff after he two-putts here. nick: it's massive. it's the win. it's the masters and then a two-year exemptions. that completely changes your life from the position you were in before. jim: he had that hip replaced at the eisenhower medical city in palm springs and three months before he could even practice. again, he's sharing this entire experience with his brother ryan, caddying for him right there. he was a professional at one time then went back to the amateur ranks and co-owns that restaurant in bremerton, washington with his father bob. kelly's 19th hole. nick: i always watch their faces. these guys are relaxed. comfortable in this situation. jim: webb simpson pops it up and w

i am cynne simpson. >> i am kendis gibson. let it start with -- let us get started with steve rudin. >> a great deal of sunshine. cuts increase as we move through the afternoon. temperatures from the belfort furniture weather center, 64 at dulles right now. 72 degrees at reagan national airport. 78 in quantico. satellite and radar a stationary front to the south that will lift to the north. high pressure builds off the coast. that will allow temperatures to soar for the upcoming weekend. partly sunny for today. a stray showers southwest of d.c. 85 to 90 degrees with wind out of the south at 5 to 10 miles per hour. coming up, we look at the travel forecast. here is a look at traffic. >> we had a huge crash on 210 southbound after 228. this accident is being documented. northbound direction is the rush hour. that is getting by on 210. 95, 3 under 95, normal. -- 395, normal. 66, normal. pretty good run if you take 270 this morning. southbound between i-8109, some delays. travel times in your favor. metro ra

bowls plant -- >> for more information on -- the simpson-bowles plan would have got more attention. more and more of the orthodoxy. tavis: speaking of ballots, i want to use the balance of my time to talk about your book. this is such a hot spot. there are so many hot spots right now in the world. if i asked you as a former secretary of state about the hot spots, i would not have time to talk about the text, but i would seem remiss if i did not ask you about syria. this is obviously at the top of our agenda. what is the way forward in regards to syria? >> an extremely difficult problem, and there are the scenes that come across our television sets every night that are risky. president faÇade i have met with and worked with a few times, and he is a liar -- president assad. he should move on. i am not sure there is a better solution than what we are trying to do now, which is to use pressure to try to persuade him to find a way to transfer power to responsible, legitimate news sources of power, new political leadership, so those that suggest we should get militarily involved, i sugges