and his prefed approachs to look at the itemized deductns, take that back cap the to itemiz deductions to 28%, back to t days that weere when ronald reagan was esident, it would affect t top 1 or% of american it would raise the additional money a that combation would pay for the health plan. but the esident has made it clear, we're not gng toadd the defici this is goi to be paid r. >> susie:that's exactly the point, thene thing that worried the ecomists that i talked to is that budgeting for this health ca plan is over a 10-year horizon. but what about the next ten years, they're nvous about the long-termiscal problems, especially since we've alrdy wracked some hugeeficits to solve this current financial crisis that 're in. >> well, again, i thinkhen you hear people use the term a trillion dolrs, first of all, that's penng over a 1year peod of time, so spending for a health plan is likely to be in t category of a hured million dollars a year that'step one. secondly, over 2/3 of that money isn the curre system, we're not taing about new mone and we also think that a lot ofhe implementation of health tech

as we head into the back-to- school season starting next month the retail sector continues to be one of the best performing once a year to date of 36% for x r t. back-to- school season begins today as a matter of fact and will talk more about retail sales of back- to-school and more will take a look at the retail exchange traded fund x r t uc and bouncing around its range between 29 and 1/2 to $26 which is close to the high end of the range going into the season. certainly it held that lower- level here the may lows right round $26 a share but i want to point out to individual stocks are going to be big back-to- school retailers not necessarily big holdings in this e t f but what your take a look at this closely yearly lows were talking about $46 a share for the yearly lows in the stock is above that and 48 so year to date down 14% and you compare that to seeress holding of 53% and ask you during the break hell does that make sense? i do know this sears's actually already launched a holiday store meaning the christmas holiday and will not even to the back to school holiday tour that helps explain some of this will talk about back-to-school re

t. back to 68 with fog and more storms on sunday. kim? >> let me give you an update on some of the road closures that you can expect to see downtown tonight if you are headed towards m & t bank stadium. expect race street closed by austin street. they will keep three lanes of westbound lombard street open. a quick update route 70 westbound out towards washington county. all of the lanes have been reopened. all of the crash activity has been moved over to the shoulder. it will take you a little bit of time if you are headed out towards deep creek lake or the west virginia area. all of the incidents have been cleared up. we'll take a look at the bw parkway and 695. it is flowing freely and no problems to let you know about. jamie and megan, back to you. >>> aleen gabey's inlaws under town and she got up early any way with shortly long. thanks for coming in. >> thanks. >> megan keeps hitting the spot, that's right there. >> he's a great dog. he's 8 years old actually. >> tail wagging, very friendly, loves people. >> was cuddling with you earl

as a result, the economy doesn't t back to gwth untinext year. the growth is very ow. and think earning expectations are jusoo optimist. and the euphoria abo bk stocks comes about simply because thereasury and the federal reserve ha designed to set of sps to prop up theanking system. it's an artificl prop, we'rstill not fully healthy ye and investors will sell them o on the her side. >> spe of those bank stocks there i a lot of earness this week about banks reportingtheir earnings, today a prominent analyst upgraded gdman sachstock so aot of people are thiing that the coast is car for the financials. what are you saying on tha well, our upgradeas on a shorterm basis because indeedwhen the federal resee usesuantitative easing to ge 0% were rate, when the treasy, fdic and deral reserve provide nks guarantees for losses. when they change the accounting rules sthey don'have to take sses on mark to market you can create any earngs power you want. but forlong-term call that the banks are going to have much ls leverage than they had before. they are going to be more highlyegul

i want t to cut back to chuck todd's interviewew whh t prpresent and listen to the w w he talks about j jobnonow. >> okay. >> this isis mnunumb one concncer i is w are we, a, going m maksure the people are tting back to work, bubub,b, h do we put the ececonomonon strong eugugh oting so that once we emerge outut of e e recession and ththececony is tually on the uptick, , th it's creatatinththe nds of jobs and prprospetytyhat we need. >> it seems like o ohiisis s, esesidt aama this is your economy now. you own thisisececomy. and whatat i'meaeari fromom presesenent amaayayg is this isis m ececony. u don't hear any referenence about what he inherited d as w were hearing w whehehe ce in earlrlr r inhe year. >> it't'clcleathat the american opop are begigiining hold him countable for the economy. bubulet me disasagr w wit harol this. you u t t th money into these states, and these ststat w wil use it to o tatainheir programs analalthis and that. itit dsn't create the kind o o bs where somebody who'o's t t of ofofwo, he's got a job in thth private sector, goininouout d buying things,s, a i i

t to msnb > welce back, everyone.ngtgt. the big picture this hour, free eech. the e liticaworld is filled wi thousands of webtes and blogss where activistss can register their feeling and though. one of t the most conservative, freerepublblic.com last weekek this picre of lia obama was postt and somebo ththought itould beun to have a captionn contestst what folwed wasashorrifyingng many of the commmments were raci, vile, demeaning and sexistst. seveveral, whic w will not repeat, used the st skening ofof racial slurs. it was reved from the siite for the period of time,then the mments were put back u up and the w websiteecame t thetalk of the e internet this weekenen joinin , a spokesesrson from freerepublic.c.com. what happened? >> unfortunately, it seems u've gotten your sto from "the dailyly post which is n n a relble sour information. those commentshich you refereed, i think yoyou exexgeratesome, i'm not defending them, b you said th were the worst off the worst, but they re -- thehey were bad and they shouldn't hav

thawant and lookokinfoo lolow prices. >> t off p pri retailersrs a best positioned to take adadntntagof back-to-schooool companies likike ross andt.j. max. in a addioio to gymbmbeeee and ropostale. teenen unemploymement i isighern 20%. whe many companies are contininui t tout costsfofohehe bottom line pursuing meaeasuss li rent renegotitiatn,n,he re winnenersrere those whoho at on les. believe g goi forward ttt retaililerwiwi notoo up on zba and inventoryy contrtrol rereililerthat will goupup will be onene that cocontueue to dri better top lines. >> khol's is gaining share and has positiverarafftrends.. healal likes dodoarar te and waara walmart. e also cautioned a agastst betting the stimulus llar. ththosdon't help retailers pockets ininhehe fure. whwhateeave seen i in the p ptts stulus dololla give boostin terms ofof t to three pcent in sasas. the mainin thing is taibib gns in opop'spoportlios andnn realal estate and a more eaeady employment picture. >>ang with usoror a nute. with mosteingixed june leles,hat is nextor the consumer andnd whehere inetail shshou y you put your money. sosomark

so tngs are going to be sort stey by thend of t we back to yo >>ll right, thas, susan. > are u ady forfoba? well, tonssile game tickwentone at 10 a.m. the amsupp fothe ght homegameldout an hour. the only cks left are the o hopreasogame anerare fewer than a thndof tse le >>> and now orieyou' on see on the web. much ofe food on e market s me adedwith so much faansugar and sodium findutthe 30rsth to ea and yomabe surpd is number 1. alwi so veges out there, itmay be hard to kn jt hobasome of th e you. we have a look at the top 10 healthiest drinks toread thstors g onto ouwebsite at abc2ne.comand lookunder mostpopular stors one right side r ho pe. > ve look now frome mera at the inner rbor no in yet, but susan is go to becoming back to help u plan thatoliday weekend. >>> now a look at kesville tonight omour orm center atr t. gh todaof 88. bualready down70 we'll ight back. ma surces that sm oo and strong. re aually susceptie ieverble damage. yo teeth are no dieren ever ads can cause irreversles ofnamel. w crest pro-heal ena ie protects ains.. ...emel loss brming micrinhiel aiacttack. only cs

at&t >>> back to "hardball." time for the "sideshow." first up, speaking of the birther movement. comedy central's jon stewart carried the conspiracy theory to its logical roots last night showing the ends to which some people believe -- must believe that other people went to get this fellow into the white house. he calls it the old kenyan prince birth announcement scam. here it is. >> here is how it goes. you want to destroy america from the inside, but you can't because you're a foreigner. so first you got to find yourself a good old american willing to reproduce with you. then you have that child on foreign soil while simultaneously placing the birth announcement for that child in one of our fringe states' local newspapers. your hawaiis, your alaskas, your pennsylvanias. you heard me. all right. and then -- kidding. and then -- hold on -- you wait. until this baby is a middle-aged man. now the trap is set. you just sit back and let that child go out and win the election for president of the united states. >> thanks, jon. >>> next up, corruption in jersey. early today in new jers

to karen. do you think now iss the time t get back in? karen, what do you say? d s sol it all,t i didn't and actctlllly that wod irrerelentnt. i dodoththin it's good time to get i we bought some toy, bought some stock an boughtome cacall >> pete e jacksonville e wresei thought todada t tha a an forier wasinvesesngng, wouldananof the traders follll s sui oh, hello. th'r're cutting costs, raising premiums. grtt balance sheet. they'll buy backshotot. i hatechchasg it, b wellpoint kekes nse. do you like ththat? >> do.o. finanall a a message frfr don i new w yo,, with today a sharp deine in ice, is this aaigigna to buy or stayay ay?y? >> i think y w wan to wait a a bit. e exchanges will l mo a a ltle lower.r. >>> all righgh you gogotouou aners. coming p, whether y youhould get into is name rigight now. plus the finalal trade i your first move f foromomorw. we'll bebeacack just a moment. mr. evans? this s is janice from onstar. ututatic signal i havn you've been in a arorontnd crash. do you neeeed lplp ah. ll contact emergency services and stay with youou. you okay? ye

the problems i our country, t t a lge degree can bebe traced back to b badovernment licy.. the f fre eererise rtrt is working but once t t g govnmnme trude is in any sectotor the eentntprise systetemoesn't work very well. in your book, youu nenest? do youu implplatate george w w., my friend, i supporteded h f for while a lolo w whi basically, bubut e e st year or two, h his the guy who saiaid we havetoto suspend frfree market capipililm in order to sasavet.t. i inink that was one lousy ea, jim. >> a aee with u. i go after b bh and the repupuicicanand democrats. i say the pupublans tually betrayayedhehe tst of the amicic peoplele, didn't carrrr theananr of free enenteririse and freedodoovover all, we n neo not only get our mesessaback, we need t to act like peoplee w belilievininthose principles o freedom. >> what about sarah lili let'ss go there. ii want toee i if you get sqrming here, ha at the backk ofof yr neck,ss's a freree enterpriseser, r rd her speech, e's for free eerprise, she's fofo fiscalestraint and limitatitionyoyo going t to back sarah palin,n, dsnsn'the have t

back half of last year. that's where the street numbs really need to come up. so you own apple for t back half of the ar. >> genmuenster, great to speak th you. >>> while apple may be one of the america's favorite th stoc, later in the show we'll reveal another. that just broke low aritical price level. we o tell youwhetherit's a buy or not at ese levels. >>> mong on, discover plans for $500 millionffing, which we told but yesterday. set the financials lower on the day but jpmorgan wells fargo ck the tape. we are showing the technal breakdown whent comes to some of these shares. financials one othe sectors that led us higher, but weee it looks like it's crossinthe 200-day as well as 50-day moving average there. if there is an anti-goen cross, this may be it. beuse the 50-d looks like it is going to move abovehe 200-day moving average. >> rht. and if youook at the earnings, we have charge-offs goinup 25 to0%, nonperforming assets increasing net interest margins will get a little better and wehink the trading side will be a lot better, buthe earnings are not going to distingshhemselves

to blue ray. talk bit on mon. that's the low down. >>> i'm bruce at m and t bank >> welcome back to m and t bank stadium. as we mention big time here tonight. 2 of the best soccer teams in the world. the seats are empty now but that won't be the case in a few hours. this place is going to be jam packed for again 2 of the world's best soccer or football teams. it's the world football challenge pre-season tournament. games at the rose bowl. foxboro. stanford. atlanta. dallas. and of course here in baltimore. tonight we mark the first sell out in the challenge. 71,000 will jam this stadium and that's a fact that is not lost on participants themselves. >> it is fantastic to fill the stadium because there are a lot of them that came to see the match and we want to do the best and enjoy the time in usa. >>reporter: chelsea and ac milan the ball drops right around 8:00 o'clock here at mnt bank stadium. news from the ravens. they have signed a receiver. vince will tell you all about it tonight on sports unlimited as well as having highlights from ac milan and chelsea. that's the story from downtown back to you i

t p proct and get rerey y fofall. >> abercrcroieie & fitchchowown. that is tough. butt t.j. m mx x up 4%. ross stores up 1%. soso clearly thehe discounters.. joe,e, wnn ititomomes to back t school, hoho crucial is ?? second only t to chrirists,s, r? >> right. it's a bigmportant pepeodod, d it also has a good s supup f ririmas because it g giv reretaers a spce of how toto order for the christstmaseseon. when doeoeititstart, joe, and how do you think w wrereoing t e e coumers perform during g atat >> well, issalready stataeded t so xtent. some of the stormsave been s set already y fobabacko scscho. burerely by mid-july, late julyly wllllee most of the retailers willll hee anansioned toto bk to school at that popoin so that's g gngng to be a cruci time. >> eric,ee always hearrhahat you shouould be buying stuff whenen nobody else wantntsit. with retail sales ass bad ashehy lolook now a time actually to bubuy retailers? >> i think that if you have actually a longererer view hehee beyond noise of the nenextewew montnthsheherere aotot oveve strorongrorowtcompanies out there ttave multi-year exnsion stories here,ototh u.u.s.ndndnternational -- - like? like rnrno, like urban tf

the teyear yield likely to move on t that data t today, 3.38 let's bring g back in trevor willms. we saiaid he wasoing to stick around. he is still here. he's chief economistt lloloyd's tsb corpate mararkets. tror, your expepectationstodaya, goldldman is getng a lot of f t how wide hypype day. bu there'smportant data on thee horizon. reretail sales are goi to be closely tched as we try and is figure out whahat's gng on with e consur. >> yh. probably t the mt important figure will be the retail sas, of coue, because a after the disappntment of the unemployment numbers a week or so ago, the fact is that the is a lot of worry thahat this wl cae cononsumer confidence to take a dip, which it did, of course, and thatat dip in conmer confididence wilbe followed by a dip in sale anand the question, really, at e back of people's mds is whetether orot the u.s. authorities mayave to do on the fiscal stulus. i think the e figures day are likekely to showw that modest grth is what is takeken place. most of ththe tax cu and spending increes appear t to have been saved d by cononsumer quite tural

to t glide fofountiti. it's a w wonrfrfulununtion. wewe bng bigan ofhahatable foundation onn personal a and financiaial vevel. 's's awonderful way t to ve backded about the experience. >> have you ever bnnn these luncnche bebefo?? or thisasas yr first timee to acactuly bid? >> tss is the fifirs t tim we actually b bid i have to thank our parartn b bd whitite cacaus he was th one that got oinine and actually mamadehehe winniningbid. >>hat was your limit? did y y ve a pcece you wowoul't have goneabove? >> we did. les just say t thawe're happy we got itt rr the pririce wegog itit f b bause we're-- it'ss inin tt's a woererfu fofodadati it's going to. at the samam timet't' a once i a fetime opportunity.y. we're really loing forward to sitting down withh him. >>ou know, wehaha -- we talked to mr. bfefett occasionally on ou irir. he's very caidid wouldn't you say? talks about the dollalahat he t thiss about thehe w wor onomy, even specific sectors. what do you thk or what dodo yu hohopeou're g gngng to get beye wh p peoe can get whehe they liststenooim on televisisn n or in wspapers? >> you know,w, salididaapapal h been doing --- we've been inin bu

to c cmbmb aboa. the u.s. haseen doing it. presididt t oba has b been pushg it. he feels likeke hgogot somethin to bringng backff nanaons say,hey, i' pushing thth along, my legislatative b got ithrough the house pshshing it thrhrghgh t nana. this issue of imimate shoes yo y y th-8 meeting inome ysys is lilile out of date. g-g-isn't where this s sffff i decided anymymore. it's when you hahavehihinan the omom and indndia ithe room dd brazil ithth rorom.m. it's thosese countries t tatat putttting hold right now on anytythingajaj having a b bgger dealal gngn here. >> i've been spendining time w ririchd d olffe, myguest co-hot today. wewe'vbeen t talngng a little about the sarah palin stor ththatnyny of thahacrcrossed th warrnd ededed up in the conversations you'u'reavavin on e plane or in hotels ththere? >> only i threwew it at the president t hielelf when i inrvrvwed him on tuesdsday and asd him, you know,, as a a popolicacal nky l li the rest of us whathe thought abouttit. he seemed bemused b by it. but smpmp w very careful tohing it,saying, looksks she's got a big follolowingmomo consnsertitiveand he takekess h

t the best imimus. if youou wt t to cate jobsouou got to give new entrtrana chance. but the reality is ifyoyou lookok a it. >> in 12 seconds i'm impressed. we'll haveou back.. veveryood ecocomimic response. >> you look rightow and y you know whehen t the economy is ba t t of times companies end u merging and coming tetetr more so t survive.. atat'se going to doitit thehe mpmpans? if you're weweak it's okay to memern you're b big we'll punish you? that makes bad b busess sense.e. >> that's not wh we're talking abouout. we're t talng a autut trying to give n new erants a chahanc and eak upractices that ememerdd in t t l las eightyears.s. we sawhe bellystem regrow back together ainin. 'v've en a lot consolidatatn n alady in the mamark a a that was notececau the e mpanies were ak but becauseewawa street wanted high prprof margins and tyy t go-aheads frfromhehe administration. high profit margins arenen bad if youou'r willing to work. ththe oblem with antitrust an anantiomompetive behavior in new economy type businesses wre it can bebeveve hatonforce correctly, thererealhing is, you want to reward people who ararininnvatvinnonovaveve >> let's t talababouthe innov

t to n anbubua little itit. i ke iint,, i iike some of the te names. yoyocacan en add a little bit of energy as we've seenn o pull althe way back t to $60 a barrel too.theext step. t tnenext level down below 880 if wesee it get to 800 thahat' ananotr level.l. dodon'pupu in a all yr capitalt 880. isiss a good spopot t to in bt not overcommit. >> a a was speaking to a a couoe of our m mket guests earlier, ririgh below that 200-day minin averagagfofor e s&phich is a pretty substantialallalaceo be atat. >> after you'vee seen the vix x change its pattern andnd to rau its level of volatility in n th mamarkplace aittle bit, peopople aren't going o o and bubuyi stuff. put t ototecon in case we can't hold this 80 leleve but it es tell menvestors arare there buying stocock att this level. ththeye e st using a little bit of protection to proroctct ainst themselveses. and we're seeingng aitittlbit of atrtren change in the vixix rig no trending a aitittl higher. maybe it sticks aroundnd t or 32 vevel ing forward. >>>> we'll catch you on n th"f"s money" deses a allight? >> greatat. thank you very m muc >> coming uponon "ststoney" the to otech analyst breaks dodown

the balancing g acac there's plenty of evidencece t to back wh y youe idid butt t t balalanngng act,t'sb, because itt's alalack market product in places werere there' ololen like mexico continueses to go up a the incarceceraonon rates a exexpeeessociated ththit, in new york and the rockefellerr lls.s. yoyou owow that - - how d dyou balalaee" - let me add a notion that nobodyhinks taxing alcohol and cigarereeses ps off thehe e enos soal harm it doeoes. alcoholl hemomost coosose impactct o on erican societyty imaginable. cigarettes ass we tatalk,, hal millioio dead. >>>> i agree. >>>> s nobody winsns out of t t taxes of these sutances. wewe cldldax prostitution, heroin. ththesarar false arargents. ththe al problem is 50 millllio of usus arere chronic substance abusers. so by the wayay, when itcocome popot,ouou'r40 years old, youou veve i a log cabin in orerego haveve p pts in the ckckrd, hahave ball. at i want too talk about, l les kekeepugs, tththextentee can, out of f ee hands of adadolceces. >> letet mgeget bin here. the general makes a good point. if you're 40, a pofofsional wresesere

i meme with the masses a a t te i went back. to me a reporter c coring this, it's's very difficult because, you know,w, iovoved michael jackson. at the same time, there's s lo of unanswered qstions that, you knknow we all wh we could have sat down wthth michaelel jackson i in a privava r roo one-on-one a andouound out everythihing had him tell us the wholeorks so thatt we cacan, i don't knoe sett free mourn 150%. >>eaea >> do yoyoknknowhat i'm saying? w wneed to gogo. but whwh d do u thinin t is most important ththing g e famiy accomplisheded tayayith this memorial?? >> i'll tell yo i gotoo give ig ups t to a lot o of people. ththe family m mee sure t theha their prprive e mont and i think that's i iorortabebeuse there needs --ouou c't b bjujust giant spectataclee o or everyon els weird coming out. youu have thatamamil ment. think ofof t f fks who put t th onon, aeg, they d didhehe londo to a and put this together and when miichlliedhehey d to t all of h his equipmentout of the ststaps s nter and refund ckets toll of the people who

back to you. > 6:31. fire breaks t in aban connedhome-- abandoned homeanw e personead anfi othe are hurt. britey gordjos usit thtest. >> reporterall you ha to is looat thho bd me justtosee how muamage really occuedhere anhow rdfirefighters had to work toknock t thisblaz gency crs arrived the ene just afr 9: onunda nigh awaitingththresty k buil, a aze on the rst and seco flrs. refighterslached a rapid atta toca thflames t a sear led em to two consous victims. one wainreiratst. the other character arrest. both ken iversity hospital and e s died >> therwavery heavsmoke and y fire cing fr t fioor. they immediely re wn plywd at was blkinghes d entryws d rced entry side, t a rad tack e fireto spres it.otherefightewe tothe second anthird oo orsearchand ue operatns eny found the two viims. report: lichief cartig sa they had knk wn ywood to gein e home. therore theyhink its cant dwelling. they doot kn y the tw people were insi. ve inuthwest baltore, brtney rdonc2 news. >>ge tunefrom lcemstrong, hiteam won th ce's 15thstanarmsg

t theututrity weavave them o o excessive compensationon. but thatat a a l of the banks give theonon back. and d wee glad t to that t to have it back. anthere's about $6.5.5 blion that's been paid so o r, over and above the papaent of inincie in interest and dividendnd i want to use thatatnn aumumbe of waways first ofof a,, we nonowavave ppe who araracing rereclure, not cacae they took outubprime mortgages or libout t teieir incomes, but becausese tyy lost thr jobb we have muchch mee prolongng ememplment than we had expected. you've goteoeopl now w h he keken t responsible mortgages, their going to l le theiromomes cacausthey're unplpled, and that's going too exacererba the whole probobleofofhe drop in prpreseshat's too rapid. so i want toto hee a fund d th lends them ---ooest give em -- but lendshehem money fromom t t tp profifits sohhey can continue m moragage paymyme not lose theirir homemes, a and them back later. sendly, we have a newew problem ww where mumul-family bldldgs aree facacingg foreclosureececa of problbls s the with the credit markets. and thhatouou just b b another further disaster in termsf a t t fororecsesed prope

this marart t habeen hammered relelentssssly i mean totallylyhihipp. back to the e totobelows. we have given u ua a hu amount of g gain. gottenen to e e int where stocks wi safe dividends make m me e sense than eararni t treury. ♪ hallelujah so m much rereense at these vevelsf you hated the market, , you have to rerethk k thgame an. but nobody is rethininngng ananythi.. f ft, it seems like peoplple don't realize how hahardhohose rkrkethave been hit. oror an'n't gnizant about how pessimimtitic ey've become. thisiss s it peop d d't even realize how pessimistic they are.. you have to o lookhehe stocks arare ghght w. evenen if r risit the lower end of the market rangng s somime ththisummer, could go down t t thdodo7,700. t frankly, that's not t a t t of downside frorowhwherwe were at the tttt today. i i ha t to lieve the opoprtunities right here r rig now are bebennnninto seriously ououeieighhe risks. the market hasas bn n obterated d we're heading to eararngngs season. buititoesn't seem like many y others a agreer r re. i feel like the e rkrkets 20 games undeder .5 a a it's alrey y

to come bacto. >> her faer has been gen a box. i am desperate toee her again, t i did not want her to come back here to this. cannot give her t proper live her he spes the moneye has on the phone calls to brussels, just to hear her sing. imagine themotion of being le to see her ce for the first time in most seven months inhe film we brought from brussels. today th israeliefense force told the bbc their inquiry io the fami's allegations have found no evidence of suc an indent. they stresd that haveever rgeted innocent civilians. that in belgm, hermother says theyave been told thecan stay for thehort term while she gets the secialist treatmen she requires. it is a tgh road, even in e orderly surroundingsf the hoital. >> thlargest nuclear weapons si in north ameca is becoming a tourist attractn. it produced plutoniu for the bo dropped on nagasakin world war two. today many lols are proud to welcome paying visitors. >> it was manmadedestruction likeever before. american atomic bombs helped end world war ii and changed the course of history. many are proud of that history in this town. just look athe emblem of th

as people are looking at the polls inlaceke ohio, theye t to be wondering how much political backing benefit they can gety lining up with the president on his agenda. >> and the health care votes are going to be very tough. they're having trouble in th senate finding a fundi anism, some taxes broadly acceptable enough put forward that senate finance bill thawe think is going to be the main vehicle for health ce reform. haven't seen it yet. it's weeks after the maxaucus, the chairmanold us we were g to see it. clearly, this is a problem, and to some degree, it's on back obama's oulders to sell this idea to the americ public and provide e kind of protection u' talking about for

. >>> and people that taked ed a vant -- advantage of big back-to-school tax holidays won't be able to do so this year.ñ?ñ?ñ?ñ/ñ/tack to our second half hour of "news4 at 5." >>> our top story this half hour, it's going to cost more for some parents to get their students ready for school. d.c. is canceling the sales tax holiday that many have enjoyed for a number of years now. chris gordon has been following the story. >> back-to-school shoppers came to count on the sales tax holiday every august, but new legislation repeals the tax break. the district feels it can't afford to lose the revenue it will collect on back-to-school buying. store windows are already filled with back-to-school merchandise. some parents are getting a jump on their list of things their students will need. >> we're going to target to get back-to-school supplies. >> reporter: the tax-free holiday has become a tradition. for nine days in august, purchases of cloetthes, shoes, accessories and other things were exempt from sales tax. but d.c.'s chief financial officer figured the district would have to forego collecting an estimated $640,000 i

t tin office, ooop-gate. atat w an investigation that palin herself reququesd,d, h she had trououbl g getng back to work? is exchanan with nb's's andrea mitchell. >>eporter: somesaying you saw the bright liligh, and caa back anititas hard t reredjdjusto th nitty-gritty work. >>>> yean l lik the fish slime d the dirt uerer t the fingernanailhahat' me?e? >> reporter: juno, the state capitol, the hardrdegegistive slslge. >> nono, i i'm a thrivee figige thrive on challenge. >> rnchahair chael ststee said 2012 was offhehe tle for palin bere iuing a statement le yeststery y ying it was up t palin.n. >>> there'sno backtrackingng,at least not yesterday fromomoo ehner. he s ss,s, qte -- st last ghght, palinot another drubbbbin from davidid leleerman. >> the category totoghght, top n memesses on sarah palin's swswing machine. well, there e u u go >> the key q queion , who is suffering more inn alal of this? sarah palin or aiittly divided republican rtrt rere face offrere davivid goodfrfrie a and chris wilsonon. chs,s, f palinoo talklk about this again andd keep t tssgoing again, tt c cnnnnot be good forr the p, can

www.sprintrelay.com. >>> > t therader radar tonight, s vegas sands, among t theosost active namesesn n thnyse today. >>> welcome back to "fast t money." he's'shat's coming up in thehe second half of theherorogr. tradining e e gle, steel wars, latestst ierertional intrigue beeeeechina and australia ththat got onone ececute locked up. after another sell-l-f f inil, you might be ready t tgigivep the energy t tra. . >>> and trading after dadarkthth t t bo pete dials in with the biotech live from hihis adadin desk. >>> time to test the technhnics. greg hasas yr r fa forecast. >> cloud conditions persisist the s&p market. stst wk we warned you in thihi consolidatioion h h key support 4. the fact is yesterday y weamam down to 87875. did not close belolo87874. that's my key popoinonon close babasi warned you aboututt.t. we're still in thehe consolidation. 'l'll ep our eyes on it. we closed before 87474, llllain condititio b bute're not there st yet. watchihingt t y in, day out. go, near term support ararndnd 920. we failed to g getbobove resistancecef f 95last week. moving average line stararti t t turn over.r. this at this po

in wasngton everybody parties with everybody, th go to t sa parties they scrat everybody's back and that that's not in the best interestf good journalism. >> or this is manhattan view of washington journalism. and, you know i d't go to parties with theseeople. maybe accidentally sometimes. i bynd largeon't go to many parties. you know, is just no so. but, you know, talk about access. how do do you find out what somebody did or tught unless you talk to them or unlessou get their dia ortheir documents? the is this sen that people have that somehow if you reprent somody's point of view, you're being spun or taken in. ll, you want to testit, you want to surround it with reporting and look for notes and documeation and so forth. but i think it's kind a journastic felony not seek from somebodyhat theyid and why they did it and to ilude in your coverag during the watergate period carl bernstein and iould beat down the or of the whi house to get their reonse. and it wou oft be the white house said "ourources are lis." orhey had no comnt. but we would include that and sometimes include that at le

back american auto bayers. now comes the tough part. you have to prove t. today at 4:00 p.m. eastern time. we look forward to that as well. a couple of hours to go, but already we are looking ahead to next week. we will get you ready for the market action with our trader in a moment. >> big government crop report out this morning. the commodity prices will get you caught up on the details when "power lunch" continues. d#0 "i'm rethiing everything... d#: 1-800-345-2550 including who i trust to looafter money." tdd#: 1-800-5-2550 td: 1-800-345-2550 "the dust ght be settling... tdd#: 1-800-5-50 that's great, but i'm not." tdd#: 1-800-345-2550 tdd#: 1-800-345-50 "i guess i'm just doneith doing nothing, you kw?" tdd#: 1-800-345-25 "oh, i'm not thinking about moving my mone tdd#: 1-800-345-2550 i am moving it." the gold del skymiles credit card. from american exprs... it's the official card... of the world's largest airline. th earns miles on delta. miles that take you... to more places than ever before. over 350 destinations rldwide. so switch today. geup to 25,0

>> i think what y youo is you go back to ththe lawshat existed-- esese re laws that h hbeen up t t b 00 years.s. >> going back to abrahaham lincoln, some of t tsese laws. >>>> 1907 and aroundd '33. >> but the banank holdidi cmpan goeses bk k ncncol >> yes. ananthese people knewew at they wewe doing. and we deluded ourselveses into ththinng we were so much smamaer than ourforefathers a forbroroths s an completelyy abrogated alall t the lawsshat woululd veveprevented it,, and ththat a tragedy. >>>> tragedy. and the people whoho suffer are american students, american retirees andndhehe rt of us talked about it,t, but t r ral impapactss on thehe poor and ududen and hundreds miioionsit in banknk accounts for people who stolele it. >> we'veotot 40 top executives looking for boboseses. scratch that. yoyou' n notetting anythingng.. you nncratch thahat. the ememoyoyee thsesees, the plploys themselves, maybehehe did d noplplay role -- >> i've got to . 'v've t two hours a a day err day. eric, , ndnderl. thank you veveryucuc if you undnderanand is, explain it to somebody whoodoesn't. ththe re peo

>> i'd b b willing t to ke tha s.s. >> boone, weanan to t tha you veve m mucfor joining us t tay d for spending smumu time thth us. hope to s see you backagain veveryon. >> arereouou kicking me off because of capapndnd ade? no. becacae e yohave something else u have to do. . >> i'm being elimimineded >> no, no,,you have something else to do. this is yr peoplehohoulled ththe plug. y you know at. >> i'v've enjnjeded being with of you. your people acactulyly asked me to ask you oneery difficult question, the people sitting in the back. they said, doouou find it embarrasassi t tbe compared all ti to abraham l lcocoln and rorona reagan? that was a a tough q queion the asked me t t ask. >> am i -- ar you -- >> no, no, that w w y you-- i said, gigivee e tough qststio fofoyoyouross. theyey sasa,ind o o i if tyy think k it d difcult toe e compared tobrbrahlink lincolol -- >>>> firststtitime i'v'vhehear bubut lili t. >> thehe toughest question isso dodo y do itit so well day in a daday t this is doesit get old to dott so we?? >> i ie e be doing it a ngng time, joe. it's easierer. >> it's easier t t begreat. . >> should people b balling you boone

500,000 share offeringg with pontntiay more e extdede ofofriringafter thatto try to papay ckck s som of t ttt t.a.r moy.y. ria, back to you. >> b berththat thank you so muc. bebert cocoom.. wewe'l be watatining tomorrow t alcoa earnrnin report. >> and the ten-year auctctioisi gogointo be a verery big auauio. >> successful l auioio toy.y. we'll seseifif that f flows ththroh totomoow. thanksks. bertha cobs. e business headlines of the y. the otheher storiese'e're fofol new yorkrk bkers association reportrtgg consumer loansns delinquencies s rehehe new ghs because of the ruruling econonomanandising unemploymen. credit card delinququeneses risg to a r rorord 2.3% ding the period and lateayaymes on home equityty brorowi and lines o of critit hting new highsofof 3.5252%. 1. respecectilyly. oi pcesncnc a aga wnwn. crude o oil finishing the day below $63. w at $62.93 a babarr.. th is nottopping thenenerg administrarati f fm raising its oioi price forecast t no prpredtiti oil will average $6$69.a a bael sececddalf of ththe yeye.. thatat's a a $3 i incase from p expectations. prospepectfofo anconomic recovery. crcre is seen

t.  >> debbi: welcome back to where craig stammen and the nats have a 5-1 lead over the marlinsw, nats newest acquisition nyjer morgan is somebody that is speedy, he's alet athletic and manny acta -- he's athletic and manny acta can't wait to write his name in the lineup. >> he's going to improve our defense back there and give us speed we don't have. heck, we have about 23 stolen bases as a team. this guy has 18 alone. so, it's going to help, and we got some of the reports about him being a high character guy with a very good personality, so we're looking forward to having both those guys over here. >> debbi: i bet he's a hard- work guy. he used to play ice hockey in canada. he reached the major junior level with the western hockey league back in 1999 and 2000. after that season, he focused solely on baseball. bob? >> bob: yeah a-bit of a late bloomer at the age of 28 now. there's a good swing by alejandro de aza pinch-hits for the pitcher. the runner goes back. dukes and dunn got a little crossed up there. adam may have crossed in front of elijah and took his eyes off the ball

to become stars. there's an "american idol" connection here but it's "american idolesque". take a listen. >>> well, hello t. welcome back to "cnn sunday morning." i'm t.j. holmes. >> i'm brooke baldwin in for betty. >>> we've been talking about this. we just got word of two monorail trains that crashed at disney world. one driver was killed and a statement the officials saying the monorail has been shut down. they're working with law enforcement officials to determine what happened. no disney guests were injured in the crash. >>> police in gaffney, south carolina, looking for this man. take a close look at this sketch. they believe a serial killer is on the loose. the latest victim a 15-year-old girl shot thursday along with her father at a family-run furniture store. she died yesterday. >>> an autopsy for former nfl star quarterback steve mcnair. he was found shot to death inside a nashville condominium just yesterday, a gun and body of a young woman were also found nearby. it's still not clear exactly what her relationship is with mcnair but we're told she is not his wife. so far no arrests have been made. >>> a showd

good to be he. >> allll right. t's send it backerin in sun lley. >> w warare getting r rea for upuplef great seenen comingg your way. daryn rovelelisis gng to take us indede scscar "days of thununr"r" in the rearview mirror.r. whatss america's fafavotete sporort? we've got that cocongng on the otr r si of the brbrea mr. haeses >> us,he british newspapepe the araran, allegehaha r rupt murdoch'h's wswsf the world tabloioi i is paying private investstigororto hack into the phones off ceceleities, legigisloro gigiators, and other famouous types. a popoli vevestation under way. ou insidider ready to react. you're watching "squawawonon t street." to look k afr r myoney." tdd#: : 1-0-0-342550 tdd#: 1-808034345-50 that's great, t t m not." tdd#: 1-80800-5-5-25 "i guess i'm jususdodoneith doing nothing, y younono" tdd#: 1-800-0-5-5-25 "oh, i'm not thinkining a. tdd#: 1-800-345-5-25 am moving it." foforgtitinghings, d grgrana! what a nice e suriri! mom, it't's ndnday that's whehen knknewi coul. mom's doctct s saithese were signs of f aleieir

we will see james davis out here shortly and have more as we get t back to you. >> thanks, scotty. >>> earnings season under way what can we expect as the real question? joining us is jj burns, president of jj burns and company. good to see you at a decent hour. not a salacious comment. used to seeing him at "worldwide exchange" hours. people are buying today on financials, you are not necessarily a buyer here? >> i think when it comes to financials, you are right on the spot i think finance as will do well, i think the leakage of goldman sachs will be stellar. any type of financial firm involved in the capital markets will likely have a really, really good quarter n addition, those doing loan restructurings or financials, but we just don't see new fruit on the tree. what we see is redoes. >> you say all the green shoots have been hit by a weed whacker say it ain't so. is that why you have 60% exposure in high yields and agencies and things like that? >> yeah, again, sue, our business is refined to producing a lot of income for our baby boomer client, preservation of their assets is a

thatoes back to 1948, i i believe. >> the lawis that t congress has to be informeded that is correct. >> now,what would be the next step he? wh would the demomoats have to dodo here, senatoror what has to happen?? >>well, you'veveot anongoing investigatation in the house intelligence commite. i thinthat's entirely sufficient. they ought to be able to com up with what t happened lay i it o and then proceed from ththere. >>>>well, but senator, you don' sound like you got a lot of passion for this happppn. there's a lot of americacans o thererthat wt toknow, what's e other foot t that mig drop here? wh else were they doinghat we didt know about? >> l me tell you my passion,n, eded. my passisi ithat there ar a lot of amicans out there tat havevegotto be proteed. and noway can this impede thmission of e cia as they are on a daily basis inrcepting the informatition of the d guys who a trying to continue toarm us. so my passion is tolet the ci dodots job legal and uphold e rule o o law. an if i don't sut and stomp like som people are calliling fr the v ve president's head, i want tdo this in

we're talkininththerif we go back to theirst oone kindff went little t t fast. thank you. bobo 0%. an 80% loloan to lue, y youe talking 16 plus 11lulu 17%. yoyou can add that u 283344 of theirr p porolol represents loan n vaeses of 80 orormore in m mart in whihich hoing prices continueeo decline. ta a aook at the nexthart as well. giveves u u meenense as the risk aracteristics of theortfolio in tererms of f fik oerss. 0 and above. that meaeans 5454 is bebelo are we ing to se more losses? more dedeliueuencs? or defaultsts? e these companiesesoioingo be rdrdof the stateteoror a l lgg time t come? i don't knowow. take aook athat chart a and keke yr best ess. lelet'tatake l lkk at ththe sto in question. there they are. 59 and cents. how about ttt?t? all right. well, cocongng up, isis a headd shshouers causing investors to shrug off aa return to rallying? a complete tenical analysis on thother side of the breaea >>> majorr market averages are lor across the boboar w w do , n nasqqlower. s&p lower. crude lolowe haeses ieeee absolutely noththin that is higher.r. not eveven utiliti

back to "meet the press." >> thank you davidid. thank you fo having mee bacack here again. >>alalys happypy to have you hehe. want to o stt teaking news th morning. the fronon story in thehe new y sometimes isis that formericice president ck cheney kept ngress in the da, his ders, to keep c coress in the dadarkbout a cia progogm.m. it's a program t that a a rector pineta has nowow shut down a iefed congress about it.t. what's your reactionon titit? >> a anot on the intelligencnce coittee. i don'n't kn w wt the details of this o t t vice president, i i think,k, shoddbviously be hrd fromomff allegations a a lvevel in hisis dirtiti. clearly,y, t r replicans did not sisign aetetr apparently that wawritten alleging this,s,o o i think it's f fnknklyoo early for me to acach any conclusisi.. >> it doesn't apappears s any linenes rere cssed in your dgment? >> i ionon'tnow, because, again, lolot this is anonymous soururceanand is is -- if i know shington, this is ththe bebeginng g a pretty involved and detatailedtoto, and i don't have enough informatatn,n, b i think a a lot reres to come on this. s suld there be an investigigioion,o

administraon, doe, usda, there's a lot ofays we can mp-start the economy without reing on going back to t little for more money. >>ut morris, with re than 2 millionobs lost sincehe stimulus package w signed, you think people havethe wherewithal to just sit there and be patient >> it's not about being patien i think they need to hone in on a few opportunitie there are opportunities right w within their power. they're making ts harder than it needs be. sometimeshen you come as a new admistration you tend to make things more complex. get ck to the fundamental basic things. how doeeate js? whe are the poets of opportunities right now that we can really hone in and conctrate on? >> ay. >> hers the proem. theroblem is, your unployment is not only gone up to 5% and people say it's going to cross 10%, yr work week is shortening. ople areorng less hrs. ere's no wage increases out there. and 70% of our econom is bsed on consumption. so, this is whyt's very bad news forhe president when he drops belo50% in ohio, and we're 16 months off from an f-ar election. people are sayin look,hen is the fundamen

back. >> that looks to be a positive transaction there. we took care of it. it's done. >> madehe buy. we're coverin theundercover with surveillance, justn case, bring m right back to our office. >> this t labeling that they use. this is the stamp here is paris for paris hilton. ten theselassines are in a bundle and we'urchased this bundle for $80. >> we watched as dea undercover agentsought what they said was heroin two mormes that day. >> 70s good, right? >> 80. >> all right. t seems like for young people, for minors, heroin's easier to t than a pack of cigarees or a six-pack of beer. >> heroin easy. we're finding al nadays that pharmaceutical pducts are the first step into drug use the uth are pilfering pills from the medicine cabinet,rom their rents' medicine cabinenet or their fendsparents. >> i got thhese afteter my hyerectomy or some, ctomy. this orange onis -- i've got o. >> f teens, getting drugs can be as easy as opening your medicine cabin. >> once th've started with any kind oillicit substance used ilcitly as in the case of pharmaceuticals theyo on other things. hein is easy to buy and cheap and you and i could walk down the stre. they might recognize y but me a in a suit i

to gogoaway, isn't i? >>t hasn't helpednybody as this has been talkeded about.t. that said, lo, democrats ued ththese intelelligence briefing back'02 andnd '03 duringng the -- afafter the criticism started ovover the iraq war to beat u on thentelligence community. and so i think t that one ha they feel c compellethat you've got to hol these folks accountable.e. if there is informatation out there, get i itut ththere. try to set a bett policy so that therere is better e change of information.n. polilitically u're right. this i one of those things where the average pers is gointo sit the and say what's going o soso congresis lying to t the c or the cia is lying to cgress d they're probably aptto lieve that both parties here aren't -- are d doing nothing b trying tplay polics. at theame time having it out ininublic is not helpful because we know that that can n be a morale issue th on the ground folks s at the c. no doubtbt about i >> it's justst sometng as you said, joe, theyey don't want it. this is s a fight they'd rher have i in the back room not othe front papages. >> exactly. just lea it alone or atat least tatake it out of t

to be on t other side. keep it up, guys. >> the nra is going to come back againith something else. they look at t vote that they want. -- they will get the vote that they want. they are le the air. th are always with us. >> walter cronkites gone. hard to believe that >> i feel so terrible about walter's death that i canardly say anythin he has beesuch a good friend over the years >> ay rooneyof "60 minutes." they met i ldon, reporters going on bombing raids in world war ii he seeme like such an oinary guy. why was hesuch a powerl factor in erican journalism? >> i think because he presided ov and connected us in the great tumatic and glorious moments of that time. in the first time american hiory, beginning with the nnedy assassination the moon shot as a corast, he had a sense of community in the continental nation. he was the one who d it and that is why he remainstrongly in o memory. >> he had a progm cled "you arehere," about g hisrical evts. that iwhat he did for all of us. in real life, we were there for him. >> he put there. >>he put us tre, but he did not do it as an advocate.

>>t pnts out the difficulties of rica. >> he went back to the commerci bank and opened up 11 printers and provided loans but there were a bunch of governnt people for loans and they were trying to t money to buy cars. so when my dad started rucing those loa, they decided not to do them at all. it was after you, because they want -- they feel entitd t a piece the natural resources. housing and education >> it not confined. i oe knew a very wealthy family. there was a trendous amount o cial work with women, but with premier li ri people. and i aed somebod, how did they bome so rich. and heooked at me and said i was really stupid. he was the financeinister, wasn't he? very littlebout that kind of corrtion in japan. >> i wouldot s there was one. >> im not the best judge of the street lev, but ty do have a certain dignied manr out politics sometimes. so if you are comparing a japan to africa, there's a difference in howhey deal with finances, but they are going pre-world one rht now and their economic situation is there. >> you get the japanese qustions. how yr colleague feel about your ca

revelations th may tell us more a aut why alaska govoverrr sarah palin has decided to quit. >>> welcome back too "hardrdba." "t new york times" reporor that former vivicereredent dick chey ordered t theia too withhoholdnfnfmation abbouaa counterterrorism program from congressss, dd now that some mocrats want to see somee ininveigigatn of that intoo th narere of t tisis prograram,hahi was exexacy,y,nd w why cheheyy t congressional leleads s inhe da. so whatxaxaly was thisissecret counterterrorism progrgramndnd w it illllalal to keeeep it fromo congress? david corn is the washingtoton bureau chief for m mheher nes gagane and aololnist foror cg politics and nnis an ininststigive reporter and th author o oththe book "e one percent doctrine." ron, you are the expert.. what was cheneyy up t here exactly? wh did he authorizizend whatt did he keeppececret fromom t coreress >> this isishehe ely daysafafr 9/.. the cia was feeling it ndedeto bud d alst a pamilitary papality to match up with this vast network,,this weweb, this mamaix that was buildinginin tetermof commumunititionand fifincncia rveillance. k know a lot abo