quick and andrew ross sorkin. larry summers will join fuus in minute. first, how do you test drive a driverless car? >> mike jackson, ceo -- >> you test sit. >> you sit with your hands like this waiting to grab the wheel. >> that doesn't sound very relaxing. every time you'res passing a truck, oh, this is it, this is the one. >> it has the spinning thing on the top of it. >> have you said happy birthday yet? >> no, i was going to do it at the end of the show. >> i said this, do you know how andrew rolls? i think you have kevin clash coming over to your house on the kitchen island, have elmo -- >> the boys love elmo. >> let's do it right now. a very happy birthday to henry and max sorkin this morning, they turn 2 today. >> and elmo will be a surprise. >> had a little birthday party with a twist of cookie monster.

i'm andrew ross sorkin.lowly building back to normal after being cut drastically by hurricane isaac. at the height of the storm 1.3 million barrels of day production was suspended. as of late yesterday that was down to 800,000 barrels with another update to come in a few hours. >>> toys "r" us is wavi waiving and purchasing requirements for layaway. >>> and sony debuts its tablet into the u.s. market this week. the tablet goes on sale friday with a 16 gigabyte model going for $399 and that's more than what google is charging the nexus and amazon charging with its kindle. lot of questions about all of that. >>> let's talk politics and business with donald trump, the chairman and president of the trump organization, he joins us as he does every week on the "squawk" news line. good morning to you. >> good morning. >> before we talk about politics, i'd like to ask you about a story that is in the record this morning. it's got a story at the top of the page how $1 million foreclosures are on the rise. i know this

andrew sorkin saying david ebersman is so blame. let's bring mr. sorkin in.o further explain. listen, i get why ebersman should be blamed perhaps by shareholders now. but if he's a -- for the company, its employees, its well being, didn't he do a great job of raising that company $10 billion and signing up another 8 billion in potential loans should they need them? didn't he do a good job raising that money so they never need to raise cash for a long time. >> i don't disagree with you in that i give him credit and for getting that credit line. that's important, but ultimately, when you talk about the stewardship of the firm, when you lose $50 billion of market value, it doesn't just impact outside investors. the largest number of shareholders inside that company are the employees, so the idea of trying to get as much cash for the company, wheng you think of all the stakeholders, just filling your coffers makes that a win because then you have to deal with the larger issue of the employees whose lock up is coming up and the share price lower than they expected

now how full of beans is sorkin about facebook?drew is it your first book? >> no, for alex's book. >> i thought it was your book. okay. >> alex's book you wrote the forward which is fantastic. >> okay. in any event on facebook, look, buyer beware. if you're an investor you ought to know what you're buying. if he's my cfo and i'm telling him that i don't want to deal with wall street any more than i have to, just go get me what you can get me and let's go back to work. i thought that's what their cfo did. i traded in facebook. i got my butt handed to me. next. >> we want to come back to facebook. on politics, though, i'm curious. you're -- >> you're curious. >> no. you're not taking a position, you're not planning on voting? >> no. i'll vote absolutely. >> you just don't want to say publicly -- >> i haven't fully decided. i am leaning toward obama right now but i want to give romney a chance to say what he has to say. >> what if romney was a democrat? >> i would vote for him. think about this. if he is a democrat or more of a sen tr

kernen and andrew ross sorkin. we have a lot to talk about, including all of the political headlines out of charlotte. first lady michelle obama speaking to the party faithful last night. bill clinton is tonight's headliner. we'll go to north carolina and check in with john harwood in a moment. >>> first, nfl kickoff, the giants and cowboys play tonight but the real game is on "squawk" this morning. we'll talk big business of the pigskin with the top nfl executive, mark wal erwaller at eastern time. and exclusive interview with indra nooyi from pepsico. and we'll talk to the owner of the new york jets, woody johnson at 7:15 eastern. and we have the owners of the cowboys and the giants, they will be live together at :15 eastern time. jerry jones and steve tisch in a "squawk box" exclusive. let's start with the top headlines, andrew. >>> let's talk facebook. it's promising not to sell stock to cover a $2 billion tax bill. it says it will cover that with existing cash and borrowing from credit facilities. as a result

sorkin articulated that. i can't fault facebook more than i can blame any other mobile effectively.t can't. it's no different from how amazon hurt bricks and mortar retailers or how apple's itune destroyed the music industry. facebook has some worth, i know it does. it makes money. it will eventually figure out some way to better monetize this 900 million users as they shift to mobile. but at the moment, it has to be valued with an enterprise as a down shifting revenue investment. it must be at a lower multiple than they get. they may have caught a break tonight when jeffries recommended the stock. the z-man filing hit the tape. so when you couple sudden change of fortune with a group of sellers who must get out because of their need to limit losses, you've got a first class debacle. suffice it to say, there's a price to be paid for this stock. it just might not be anywhere near where it is right now. let's go to rich in my home state of new jersey. rich. >> caller: hey, jim. big south jersey boo-yah to you. >> liking that, man. i was there on thursday. what's up? >> caller: hey, ji

andrew ross sorkin is in new york city, reporting from iac's headquarters. the company's well-known chairman barry diller will be joining us live with andrew from there for an hour starting at 8:00 eastern. iac closing its acquisition of ask.com just yesterday. we'll talk with doug leeds. a number of other newsmakers joining us. there are now just 40 days until the election.first debate is next week. so politics front and center. among our newsmakers this morning, do that anald trump whe phoning in at 6:30. and we have jeb bush and eric cantor will also be joining us. there are 90 days until christmas and toys "r" us is announcing it's hiring 45,000 seasonal workers. the ceo will be joining us with the details at 6:50 eastern time. plus the story everyone is talking about this morning. a botched call ending last night's game between the packers and seahawks. the season has already been marred by bad calls. and no calls from nfl replacement referees. but football fans say that last night's game could be the moment that actually makes the league get a deal don

i'm joe kernen along with andrew ross sorkin.ecky is off today on this monday in the year 5771. >> 5773. >> 73? >> i believe 5773. am i wrong? >> i thought you just told me 5771. all right. making -- making headlines -- >> 5773. >> okay. i'm two years behind. anyway, president obama will launch an auto trade complaint today against china. his administration citing what it calls beijing's unfair government -- that's rich. we're citing china's unfair backing of it auto industry. the president plans to make the announcement during a campaign tour of ohio today. ohio relies heavily on the auto industry and is of course politically important swing state. i thought it was interesting today that we don't want -- gm can't wait to buy back the stock from the government because they hate being government motors. >> hate it. >> and i bought -- my last car was a ford. i'm buying another ford. not because of that necessarily, but i love ford. i love new luove mulally. >> that was an interesting story. would you prefer the government sell gene

i'm joe kernen along with andrew ross sorkin. becky is off today. >> what are you looking at me for? >> i don't know. she's never sick and you were sick. and you brought stuff back from africa. and she's not here. and so i'm not blaming you. making headlines, the imf strongly backing the ecb's plan to launch a bond buying program -- coincidence? -- saying it was ready to get involved this designing and monitoring the inmplementation. christine lagarde suggest spain and italy have taken enough action already to merit aid. the european union will propose a panel of experts, love experts, to deal with banking rule breaches. the idea is for this to be an extra layer of protection so that the ecb can't immoez its will on the banking regulator when the central bank takes over supervision of the central banks. the ecb is set to take over primary oversight power for 6,000 banks in the 17 countries that use the euro. and greece's political leaders are failing to agree on a package of spending cuts worth nearly 15 billion. they'll meet aga

. >>> i'm becky quick along with joe kernen and andrew ross sorkin. last week, the federal reserve gave the global market as shot in the arm with its decision to launch another round of quantitative easing about weapon have baby calling it qe infinity. today well get the full story on the debate. dallas fed president richard fisher will be our special guest for an hour, this starts at 7:00 eastern time. fisher as you may know have been a vocal opponent of additional easing. but if you looked at the voting last time around, only one dissenter. we have a lot to talk to him about. also the financials, last week we talked to legendary voices in the industry, leaders sure to be in the history books. our guests included sheila bair, former wells fargo ceo. today we will hear it first right here at 6:40 eastern time. plus the story everyone is buzzing did this morning, including all of us right here onset, comments from mitt romney at a closed door fund-raiser back in may. he says the recorded remarks were as he puts it not eloquently stated, but is he not b

i'm becky quick along with joe kernen and andrew ross sorkin. our top story is the global markets. the dow closing yesterday at its highest level since december of 2007, that was the start of the so-called great recession. nearly four stocks rose for every one that fell and risk is back in play. global stocks and commodities are rallying. the primary driver is the fed. the central bank pledge to go spend $40 billion a month to buy mortgage bonds for as long as it deems necessary, it plans to keep short term interest rates at record lows. that's right, you heard correct, at least through mid 2015. and that is six months longer than previously planned. ben bernanke says he is ready to try other measures if hiring doesn't pick up, so you're talking about a full court press here. here he is speaking to the financial press yesterday. >> the employment situation, however, remains a grave concern. while the economy appears to be on a path of moderate recovery, it isn't growing fast enough to make significant progress reducing unemployment rate. you fewer than half of the 8 million jobs lo

i'm becky quick along with joe kernen and andrew ross sorkin. at the line-up, geopolitical concerns and a slowing economy impacting the oil markets. we'll find out where oil is headed with nbc global energy analyst dan yergen. >>> from security breaches at corporations to protections yourself online, michael fertik will be joining us at 7:30, coming up at 8:00, tim pawlenty will talk to us first about his new job as head of the financial services round table and 8:15 eastern time the state of education in america, we'll help kick off the nbc education nation summit with walter isaacson and craig barrett. let's get over to andrew with a look at the top stories. >> thank you and good morning to you. futures we have red arrows pretty much across the board there. you can look at it, dow jones looks like it's off about 56 points, nasdaq off about 12 points and the s&p 500 off about 7 points, worth also noting the article in the "wall street journal" saying some hedge fund managers may be taking money out of the market and getting on the sidelines now

i'm becky quick along with joe kernen and andrew ross sorkin. so today's agenda, we are following the latest developments out of the middle east. reports coming in during the last hour or so saying protesters have stormed the u.s. embassy in yemen. witnesses say yemeni security forces fired shots as demonstrators scaled the walls of the compound. the embassy building appears not to have been preached. also the body of chris stevens and three other americans killed in the consulate attack returning home to u.s. soil. last night the senates passed a resolution honoring the victims. in the meantime, two navy warships are being positioned off libya's coast awaiting orders. president obama telling libya's president last night that the country must help the u.s. keep americans there safe. anti-american demonstrations have spread beyond libya and egypt. we will bring you any developments throughout the morning. and then at 8:35, we'll be talking about stability in the middle east with senator john mccain. le also our special series on the future of fin

kernen and andrew ross sorkin. among the market stories we're following, china is front and center. new numbers out show manufacturing there contracted for the 11th straight month. even though activity is up slightly from august. some say that the news spurs hope that a slowing chinese economy night finally be stable i'd i stabilizing. jim chanos is best known most recently for being short on china. jim will be joining us at 7:00. we have a lot to talk about with him. also in washington today, man versus machine. there is an important hearing on high frequency trading. a senate committee will ask what the rules of the road should be. rhode island senator jack reed will join us with a preview. that's at 7:30 eastern time. and in tech news, if you are one of millions who pre-ed onned an iphone 5, you're very likely going to have it in your hands in the next 24 hour, but a few lucky reporters already have had a chance to play around with the new device. one will be joining us on set with the phone at 6:40 eastern time. so we'll get our first look up close and personal today. "usa today

stock offered to raise big money at all costs, despite the declining fundamentals, which is what sorkin talked about. the companies are trying to short the darn thing, accelerating the nasty selloff. the rise of companies that actually do better on the no bill device. think google, yelp. and twitter. twitter will taek share because it's more fun. you can post your pictures for all to see. that was the magic of facebook anyway. and the community includes people you don't know as well as those you do. twitter is the better mousetrap and it's worth any amount for apple, google or even facebook to buy now in order to maintain their social presence. so what happens to facebook's horrendous stock? the company has to find out how not to compromise users, that's probably the z-man's worry. while still pleasing advertisers who haven't real lies how little bang for the buck they're getting for the mobile facebook ads opinion when that i know do, they'll demand far more and pay far less to facebook. and it's got to do so before the next lock-up has expired. hundreds upon hundreds of millions of sh

writer/producer aaron sorkin won four emmys for his work on "the west wing" before striking oscar gold play. now he's moved back to television as the executive producer of "kneesroom." he says tv holds a different kind of appeal than film. >> i think the best writers in the country are flocking to television. you can tell a different kind of story here. i think the best theater in america is on tv right now. >> reporter: and the american audience seems to agree. one reason for a decline in movie theater ticket sales this summer, more to watch at home. >> you can't turn the channel without seeing something you want to be watchling, whether you love broadway, you're into comic books or zombies. they're truly is something for everyone on tv right now. >> reporter: super stories with superstars. >>> it is the first day of fall. and to mark the occasion, we have a challenge for you, go outside, use your smartphone, take a picture. then upload it to ireport.com by using one of cnn's mobile apps. the only requirement are that the photo be horizontal and it be unfiltered. here are a couple we

. >> aaron sorkin? >> right. there is one of the actresses. this girl here named allison till. she says she accidentally tweeted a topless photo of herself. >> i do that all the time. >> that's scary. she tweeted that she said accidentally. the good news is she got 2,000 more followers right after she did it. >> is that even possible to do? >> kathie lee wants more followers, too. >> you look good. >> first of all, because i don't do all that stuff. we're going to show you tomorrow a segment on me learning how to tweet. all that stuff. >> i'm scared. >> you should be very, very fright end. >> i am. >> but is that even possible? how in the world if she is laying like that? >> she took the question. the question is what are you doing with the picture? >> why are people taking pictures of themselves? >> i don't know. >> sara is over there taking one of herself. >> that's what people do. but if you want to take a clear and better picture, guess what? there's a new iphone that's out. it's an iphone 5, okay? it's supposed to be thinner. it's supposed to be lighter. it is supposed to

. >> like aaron sorkin. >> sherwood schwartz?, i said it twice. >> lses, greg, you said -- also, greg, you had said the assistant d.a. was a threat to run on a lengthy pattern of deception. lpa i like to call it. you see the problem here? >> i do. >> i want you to know that i spent all afternoon at the doctor where they administered a number of unusual tests. >> i don't think you were actually at the doctors. >> you understand you were in your office all afternoon, right? >> oh my god. that's what i thought. it is like that movie "go." >> terry, you said he has kind of a shady past. kind of? >> you know, every now and then he did the wrong thing. >> he hasn't killed anybody. he hasn't killed anybody. >> of course he hasn't killed anybody. >> i am not saying i want the dude as a roommate. i wouldn't want to share the rent with that guy. >> he was convicted of two counts of watering down gas when he owned a few stations and manufacturing pcp. and then there were the 14 identities that he was committing check fraud with. one of whic

i'm okay with it. >> becky quick and andrew ross sorkin.arry suggested that song, larry bossidy, former ceo and chairman of honeywell and a cnbc contributor. checking u.s. equity futures been up all day, indicated up 81 points, could get better or worse depending on adp and what mario draghi says at 8:30. it's a day where -- >> jobless claims at 8:30, too. >> i would keep watching. >> i would not go anywhere. the ecb left its key interest rate unchanged at 0.75%. investors looking forward to details of the ecb sovereign bond buying program, we're going to get details on that program during president mario draghi's news conference, that's expected to start at 8:30 a.m. eastern, but of course sometimes it gets a little bit delayed. the august adp report will be released at 8:15 eastern time. forecasters expecting it to show the u.s. economy added 145,000 private payrolls last month and of course that number is important in terms of how people going to predict what the ultimate number will be tomorrow. navistar is cutting jobs and suspending f

. >> this squawk ward moment has been produce the to you by andrew ross sorkin. >> everybody yells atecause kids watch our show. >> i didn't know you were going read so wisfully like you missed out -- >> i wasn't wistful. >> it sounded wistful to me. >> get me out of here. >> becky is in horror. >> are you trying to top me? they picked up my -- idiots at business inside, they don't care about facts. i did not wear boxers with shorts that had a lining. they make lululemon's pants that have no lining that you can't wear -- >> this squawk yaward moment ha been brought to you by joe kernen. >> they don't check their facts. >> and now that we've gone to the gutter, all day here -- >> lucky to have a job, i think. >> we're looking ahead to the fourth quarter. a preview on supreme court with a number of high profile business cases on the docket. take a listen. >> here's what to watch for in the legal sector in the quarter ahead. the stream court gets back to business on monday. 48% of the cases this term focus on business and investor issues. first up, at issue will american courts remain a

andrew ross sorkin, thank you very much. good to have you on. >> great to see you. >>> team romney kicks off the week, an aggressive push for hispanic voters but will reportness of a rift inside romney's campaign cause another distraction, a la last week? our monday political panel is next. >>> but first, guys, come on, it's fall. i felt the breeze. white house soup of the day gazpacho? lame. you can do better than this. you can follow the show on facebook, poke us and like us. hi guys, look, you are on camera. so pretend you are happy to be here. ♪ ♪ [ multiple sounds making melodic tune ] ♪ [ male announcer ] at northrop grumman, every innovation, every solution, comes together for a single purpose -- to make the world a safer place. that's the value of performance. northrop grumman. o0 c1 put me at 5 timesd out my greater risk of a stroke, my first thoughts were about my wife, and my family. i have the most common type of atrial fibrillation, or afib. it's not caused by a heart valve problem. i was taking warfarin, but my

. >> now, you are subject of a great piece today i thought by andrew ross sorkin in "the new york times." i've got to bring it up. there is a critic, a fellow, barofsky. he is saying you're taking a loss in every share you sell. >> it's funny. if you go back to what he used to say, you really have to look at the treasury and the federal reserve investments all together. >> really? >> you can't just measure them in isolation. so he has kind of changed his tune now. but look, the important thing is we have recovered all the money plus a gain. and that's the key thing for people to focus on. and we still have more shares to sell which will add to that gain. again, it's a credit to the overall strategy. it's too bad we ever had to do this. the federal government should never have been put in this place, but we succeeded. >> tim, the last time you were on, you've been on a couple of times, you say look, we're not going to bury people who buy stock. gm was an offering. i thought the offer was inexpensive, but then the european downturn, an asian downturn. gm's fundamentals got hurt. it was no

i would commend our colleague andrew ross sorkin's column in "the new york times" this morning for moret's talk about whether we're near a floor for this stock. i'm talking numbers today. on the technical side, richard ross. on the fundals side, lou kerner. and, lou, is there a bottom here somewhere? how did we get this story so wrong? >> it's hard to know where the bottom is in any stock. obviously, everybody knows the perfect storm that went on with mispricing, too many shares and then the nasdaq flub. we have a situation where three months ago, a lot of investors were looking at all the opportunities facebook had. everybody is looking at all the risk. most notably the risk as their user base shifts from desktop to mobile. >> right. >> but i'm still a big believer. >> i want to ask you about that first after we look at the chart. rich ross, different month but very same story here for this stock. how does this chart look here as it continues lower. >> that's true, bill. the seasons may change but the game remains the same. he name of the game is to continue to sell facebook. down 50%

i'm becky quick along with joe kernen and yes, andrew ross sorkin. yea!ll here, ready to go. >> he's so -- >> i am well rested. >> rosy cheeks. >> you do look pretty good. >> mohamed, where were you, weren't you in europe somewhere? you made it like on a 24-hour, i mean, flight from somewhere and still got here on time, got here at the same time as you you had to go across a bridge, a 15-minute drive over here. >> yes. >> we need to hear what really -- feathers flying, i mean -- >> just a pillow dropped. pillow dropped over all the phones and alarms and everything. it was -- >> i don't wake up to find covers and pillows just strewn across the room. did you have an ambien thing? >> no. >> sleepwalking? >> no, there was nothing, nothing. >> how did the pillows get strewn around the floor, andrew? >> don't try to, you know, i know where you're going with this. you got the music and everything. >> three alarms and none of them worked. >> nope. they were all under a pillow. >> that's whey mean, covers, blankets. [ alarm sounding ] >> let's take a look at the f

i'm becky quick along with joe kernen and andrew ross sorkin. coming up, we do have complete coverage of the teachers strike in chicago. well focus on the issues at heart of the fight. and ask what the situation tells us about education reform and labor in this country. plus the potential implications on the presidential election given that the strike is taking place in president obama's hometown and that chicago mayor rahm emanuel once served as his chief of staff. our guest host this morning is very passion that the about the issue of education. we have home depot founder ken langone whole be here at 7:00. and he'll also be joined by dick grasso. and of course today marks the 11 year anniversary since the terrorist attacks of september 11st. there are observances taking place in new york, washington, pennsylvania and many other parts of this country. we have aol chairman and ceo tim armstrong and kenny dichter teaming up to try to honest or the victims and help their families. both will be joining us to talk about their work with action americ

i'm joe kernan along with becky quick and andrew ross-sorkin.ost today, you haven't done that one yet, have you? >> not this jack. >> jack and jill went up the hill with a dollar and a quarter each -- >> yes, but there are children who watch this show in the morning. it's a family program. >> jack, it's national pirate day. he won't tell pirate jokes, but he's got a lot of good analysis about the global economy. did we get to china? we've got to talk about china quickly. >> we didn't get to europe. >> europe, china. >> we haven't talked about belize. >> jack is founder of the jack welch institute management institute. he wrote a couple of best-sellers, straight from the gut and -- >> "winning." >> charlie got that from you, didn't he? >> it came after -- >> another great one, charlie sheen. >> oh, joe. >> let's check out some u.s. equity futures. this morning, up -- what? some people watch it. up 29 points this morning. and that was after we've consolidated gains above 13,000, andrew. 13,564, s&p, 1,460. people are talking about 1,600 and 1,600.

. >> and then you have dalio talking to sorkin, a fascinating series of interviews where he says china gdp is in the vicinity of 6%, that you have to have some goals, that he's worried about an economic meltdown, that he's worried about the economy forcing classes to begin warring with each other. not bullish tone on dalio today. >> and he laid out the doom, that negative scenario, but he also -- i also can say, look, he says it could be avoided. it didn't seem to be etched in stone. that was a fabulous interview. not etched in stone always gives me hope that the forces who follow him -- and many do -- will not commit financial suicide. >> dalio talked for a long time, as well, about the great deleveraging is and that is the overarching theme of these years that we've been going through. his performance has been nothing short of remarkable. over the last few years, incredible. and, of course, given the enormous ties of that hedge fund complex, if you will, which is even more amazing. specifically, when they get really big, most hedge funds lose their way. they stray from their core com

i'm becky quick along with joe kernen and andrew ross sorkin.ave a number of major stories on our agenda this morning. first and foremost, spain. anti-government protesters gathering near parliament again. the country's prime minister is trying to enact further cut backs as part of an effort to try to bring down one of the eurozone's largest public deficits. reforms are expected to include a new tax oversight body, limitations on early retirement, new taxes on green house emissions and stock transactions and elimination of some tax exemptions. steve sedgwick is in madrid and he'll have more for us in a moment. the situation in europe is a key part of any discussion and we have a number of major newsmakers ready to tackle the temperature topics this morning, including larry

my friend andrew ross sorkin said it's probably you. >> it's kind of flattering to hear you say that.everything. he is here to help you get the best doctors appointment and job interviews among other things. that is coming up here on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by cvs pharmacy. flu shots available at every store every day at cvs pharmacy. so, when i shop -- i earn twice as much with double extrabucks rewards. that's two times the rewards! yeah, that's what double is. i know. i was agreeing with you. it's two times. act fast and sign up at cvs.com/doublebucks for double quarterly extrabucks rewards. don't miss getting double quarterly extrabucks rewards. i love 'em! tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. my name is sunshine and i have three beautiful girls. i like taking advil® for a headache. it nip

beyonce, a weird show, eddie vetter, aaron sorkin the creator of the west wing. w nba champion who the president has been meeting with. >> dave: we say this in the context when the president is here tomorrow and tuesday, the u.n. will be meeting this week here in new york, and the president will not meet with israel israeli prime minister, netanyahu. when you'll sit down with the ladies of "the view", but won't meet with our ally abroad. both said there's not time for the schedule. we don't know. and some say that the president said he would not meet with hearlier in the week. >> he said we talked an hour and a half on the phone, the president and benjamin netanyahu. if you're the president, you can change your schedule. you're the president of the united states. >> dave: you can free up time. >> clayton: maybe i can't switch up my schedule as easily. the president can call and say, hey, can we move that to a tuesday so i can meet with the prime minister on a wednesday? >> there's a full nuclear program working in iran we're worried about. >> clayton: call me up,

andrew ross sorkin called the movement a fad and his biggest point of criticism you guys get hurt byvolved in the movement that aren't focused on issues that are just there to frankly make a lot of noise. does that detract from the movement and the message and what you work every day for? >> listen, what -- where we stand now, four years since the economic crisis, everybody in this country has been affected some way by this downturn. now we're opening up to seeing that the real cost of this so-called economic recovery has been more crony capitalism, more corruption in government, more attacks on working people. so people are taking to the streets. they're waking up. they're getting over the cynicism, the an think, and they're rising up. occupy wall street as a movement exists in order to bring that -- that concentration, that focus, on the real root problem which is the corruption, corporate greed on wall street, into the mane stream and it's done that incredibly effectively in this past year. in our second year we'll only get smarter. >> it's brought the 99%, 1% in the lexicon. the

aaron sorkin won four emmys before oscar gold with "the social network."newsroom" and says for writers these days, tv is a different kind of appeal than film. >> i don't count among myself them but the best writers in the country are flocking to vel vision. you can tell a different kind of story. the best theater in america is on tv right now. >> reporter: the american audience seems to agree. a reason for decline in movie theater ticket sales this summer? more to watch at home. >> you can't turn the channel without seeing something you want to watch. whether you love broadway, comic books or zombies, you mike a period piece, there truly is something for everyone on tv right now. >> reporter: super stories with super stars. cnn, hollywood. >>> all right. everybody's going to be tuning in to the emmys and of course watch the pre -emmy coverage here on cnn on sunday. brooke baldwin is straight ahead. i think you have noticed it. everyone has, right? seeing more premier and big names on the television screens. they're not afraid anymore. >> i guess so. you wo

i'm joe kernan along with becky quick and andy ross-sorkin.rom dick kovacevich in a second. but first becky has your morning headlines. i'm interested in hearing these. >>> germany's highest court ruling that the country can ratify the new bailout fund, but there are conditions to germany's participation. parliament will have veto power over the future increases in the size of the fund. the equities at this hour have been higher, at least in france and germany. you can see is ftse is down close to four points, but in france up by 9 1/2 points and germany up by 38 points. back here in the united states, the fed's going to be convening a two-day policy meeting in washington. many investors expect the central bank to unleash a third round of quantitative easing. and chairman ben bernanke will hold a news conference. >>> u.s. equity futures have been indicated higher this morning after yesterday's gains too. although, not quite as high as we had seen earlier today. dow futures up by about 11.5% points. in the meantime, the white house has confirme

priced it well, the treasury did a fantastic job, really great article from our colleague andrew ross-sorkinay totally taking on the critics. >> sure. >> another bold, outspoken about t.a.r.p. >> he's fearless. he takes on all the icons. >> when i think of fearless, i think of andrew. >> in the best way. >> yes. >> we'll get to it after a short break. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of