that this is not simply a victory at smithfield. or a fight that's going on in knoxville. that this is a fight for social justice. and that is what... >> moyers: meaning a fight for... >> a fight for health care reform. a fight against a racial differentials and health care and education. a fight for housing. the policy towards the cities! >> but see, i think it's more than just a policy list. it's a fight for a different way of being a country. a fight to care for one another. >> moyers: well, it used to be a fight... >> a fight to take care of one another. >> moyers: it used to be a fight to take on capital, right? labor was a real force in trying to bring to tame the wildness of capital. >> of capital. that's right. >> moyers: and we've seen what happened over the last few years when capital went wild. >> that's right. >> moyers: without any kind of... >> that's right. >> moyers: without labor, can the battle for social justice be fought and won in this country? >> i don't think so. you know, there's this story about the cat that goes and eats the mice at night. you kno

we're looking at smithfield foods. right now, it is slightly higher. it's been jumping around this morning, recovering from an earlier decline, the pork producer with a wider than expected first quarter loss. lower hog prices is one of the reasons for that disappoint iin number. however, smithfield said a new credit facility is going to help keep from violating its debt covenants. >>> look at royal bank of sco scotland, up slightly higher right now. "the wall street journal" reporting the stock is higher. the sale could take some months but seen in a key step for a reinfrastructuring plan. >>> osiris therapeutics a the big loser. two tests failed to meet the main goals of the study. >>> and facet biotech saying $355 million bid is inadequate. >>> now let's look at j pchlt mo morgue en. up 160% since the haines bottom. which is one of the reasons the stock has got viewer attention. because you clicked, jeff hart. it's always good to speak with you. >> good morning. >> jpmorgan gets a lot of attention because it was seen as one of the better run, if not

not so good for smithfield. little bit of a miss today. >> and a pop here for mexico. this is a story, by the way, that "fast money" has been all over. all over. mexico has been on a record-breaking frenzy this year trying to beat out the u.s. for holding the most guinness world records of any country. mexico has gathered the most "thriller" dancers, the largest mariachi band, and has cooked up both the largest meatball and the largest cheesecake in 2009. >> yeah. instead of worrying about guinness records, get some clean water down there. then we'll move up to guinness. >> way to offend a whole country, guy. >> too bad! >> you want a friend? get a job. >> coming up next, we get up close and personal with pete najarian on trading lessons he learned trading during the collapse of lehman brothers. stake round. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. eight are wearing bathrobes. two... less. - 154 people are tracking shipments on a train. - ( train whistles ) 33 are im'ing on a ferry. and 1300 are sec

born hispanics n january 2007, federal agents raided the smithfield pork plant in tar heel, north carolinadozens of illegals were arrested which led to the voluntary departure of hundreds more, and those jobs have been filled by americans and native born americans. president obama has promised no new taxes on middle class americans but the healthcare reform plan released today by senator max baucus today could blow that statement out of the water. jim angle explains. >> 60% of the new revenues in the senate plan come from one provision, a new tax on insurance companies that provide high-end healthcare policies, not the people that receive them, just the providers. >> the real game at the end of the day, to simplify it is, they have to pretend that they're getting money out of somebody who is not a voter. >> such as an insurance company. most analysts say the effect will be the same, because the cost will be passed on. >> of course we know that will just make it more expensive, pass that price right on down to either the employer paying for the coverage or the individual paying for part of

business manager and agent barry and the next one is dennis pitman, who's here with me from the smithfield mike: well, we're going be to be-- >> there he is. >> mike: a terrific thing going with folks feeding hungry people and did you that what, you dropped off food somewhere and decided to-- >> well, we have been partners for about three years, i think, dennis, and we realized after we formed this partnership, that i love to feed people. so we said why not take this opportunity for us to join together on this and really try to make a big deal out of it. do it very loudly because hunger in america is unbelievable. why do i call you, darling, do i call you governor or mr. mike? >> just call me mike or call me for lunch if you want because i know we are going to have a wonderful plate if you do that. >> i think i'll call you darling. >> mike: darling works. i'm southern enough that i understand what that means. >> what darling means. your wife is right over there. so anyway, we said, let's do this thing loudly because hunger in america is kind of overloo d overlooked. look, i wrote my cheat

smithfield foods, on the downside. >>> the news on gm and chrysler have been dominating.ng ready to introduce some new models out this fall. >> there's a market out there and they're going to have a lot of choices. people who are wealthy enough to afford these cars. let's take a look at some of the models coming out. porsche. it is a four-door sedan, it goes on sale this month. that's getting a lot of attention. so is the new jaguar. starting price, $72,500. bentley has one going on sale next year. it was introduced earlier last year overseas. $300,000. bentley officials admit, yes, even the wealthy have felt some impact because of the recession. >> overall, the market has been affected the same way. nobody has been immune. >> nobody. including the ultra luxury automakers. superluxury is what they're referred to as. they're sells down 40%. so, why would an ultra luxury company still make these vehicles? because there still is a market out there worldwide. >> they're not going to build big numbers of them. maybe 1,000 globally. if you look at emerging economies like china

manager and agent, mary, and then the next one is dennis pittman, who is here with me from the smithfield. speaking of attribute and going with these folks, feeding hungry people. he did that what -- he dropped off some food somewhere and decided -- >> we have been partners now for about three years, i think, dennis? and we realized after we formed this partnership, that i'd love to feed people. so we said why not take this opportunity for us to join together on this, and really try to make a big deal out of it. do it very loudly. because hunger in america is unbelievable. what do i call you, darling? july at how you governor, lord mr. mike or -- >> mike: you can call me for lunch if you want because i know we will have a -- >> i think i'll just call you darling. see kindard lang works. i understand -- i'm southern enough i understand what that means. >> your wife is right over there, so. anyway, we said let's do this thing loudly, because hunger in america is kind of overlooked. look, i wrote my cheat notes down because i get my numbers confused. i'm no spring chicken anymore. but the hu

. >>> and shares of smithfield foods falling after the pork producer reported a larger than expectedthat's cnbc.com news now, first in business worldwide. i'm bertha coombs. e >>> you can feel the energy, can't you? he's coming. must be in the house. 50 cent coming. welcome to "power lunch" second hour. i'm bill griffeth. stocks have been higher for the most part. exxon, chevron, general electric have been leading the way higher. harley-davidson has been a leader among the s&p 500 stocks today. also, moments away from the results of the latest treasury auction. $38 billion in three-year notes. we'll get that from rick santelli momentarily. >> i'm michelle caruso-cabrera. diversify, diversify, diversify. it is a mantra of investment strategists for years. so we are one year from the depth of the financial crisis. is it still true? does diversifying your portfolio still work? we have a bull and bear facing off. >> i'm becky quick. 50 cent will join us in a minute. we'll find out how he plans to get rich or die trying. that's the name of one of his albums. >> that's why we keep saying

smithfield foods posting a better than expected first quarter loss, lower hog prices, swine flu, soft. as you can see that stock is under pressure, bid down to 1.15 ask 12.88. >> it is officially back to school time. tools to revolutionize the classroom. mcgraw hill connect. chairman and ceo of the mcgraw hill company joining us. looks like you're on the big board. are you part of the closing bell today? >> yeah. we're doing the opening bell, carl. it is an exciting time. it's duly the 80th anniversary for mcgraw hill companies on the new york stock exchange. out of our 121 years, it's pretty exciting to be honoring that listing. yeah, we're going to do the opening bell and we're going to be doing it with college professors and students all benefiting from the partly cloudy gras hill connect launch. this is an all electronic -- probably the most advanced all digitally developed teaching and learning solution for the higher education market. we're very excited about it. it contains the textbook. it contains assessment, supplementary, professor lecture, all in an online very interactive