eight minutes and forty three seconds for the gold rushes my body that locks and i came home when t. fed up we did was. because my best friend gives you this but i won two of my marathon. last year so. he sees the fight and the way i did the last the two militants i would read them i believe. according to their. diagrams and get is female i was also terminates at the ten thousand meters final as they claimed the entire podium the bunch of your clue to gold sally q.p.r. gold on the sovaldi while lena must lie around it out of the top three. meanwhile this man will go for gold in the mounds one hundred meters in sunday's highlight usain bolt's in here progress thing into the seventies by easily winning the quarterfinal heat on saturday the jamaican skier rivals a south of power in times and they are sidelined with the injuries former world record holder maurice greene though sounds there is one certain runner who could be a real threat to balls in the final. hours a new store will be born i believe i believe johan blake is going to show the world that it's not just only two or three people

t. shirt that says i spotted the fed and they get a t. shirt that says i'm the fat and we had to change the rules a few years ago because all the feds were spotting each on either because they don't want to the t. shirts that had to change up but there are people here who are what we call over people knew they were created caesar's actually in fed's pants they get up there people can and it's called meet the feds they can talk with them and ask questions so there's nothing it's not that there have been in the past people who were here shall we say what shall we say you know not necessarily undercover but but not advertising who they work for so you may or may not know who they are lots of times they're just here to learn they're not necessarily or to recruit or anything else you know they just like we do it in the security field they're just here for educational purposes now if we look at what's been going on recently you know as i mentioned we've seen hacktivism become a very public now with groups like anonymous and with laws they carry

economists worry a third round of buying t-bills by the fed could increase chance of inflation. others believe the situation is so bleak they will have to resort to stimulus programs. fed chairman bernanke begins speaking in a few minutes and we'll let you know what he has to say. kristen? >> all right, thanks a lot. >>> all hands on deck for oakland police in one violent plagued neighborhood after a 3-year-old boy was shot to death in a drive-by yesterday. the city is also issuing an you are urgent call for help from federal and state law enforcement. nick smith is live at 64th avenue and international boulevard with the latest. nick? >> good morning. community members are outrage and veteran law enforcement officials say this this is completely unacceptable. even now, people continue to gather over my shoulder less than 24 hours after carlos was killed by a stray bullet in a driveby. members continue to leave candles and stuffed animals. the crime was seen as brazen by residents because of the location and time of day. witnesses say they heard at least ten shots and saw people

economists worry a third round of buying t-bills by the fed could increase chance of inflation. others believe the situation is so bleak they will have to resort to stimulus programs. fed chairman bernanke begins speaking in a few minutes and we'll let you know what he has to say. kristen? >> all right, thanks a lot. >>> all hands on deck for oakland police in one violent plagued neighborhood after a 3-year-old boy was shot to death in a drive-by yesterday. the city is also issuing an you are urgent call for help from federal and state law enforcement. nick smith is live at 64th avenue and international boulevard with the latest. nick? >> good morning. community members are outrage and veteran law enforcement officials say this this is completely unacceptable. even now, people continue to gather over my shoulder less than 24 hours after carlos was killed by a stray bullet in a driveby. members continue to leave candles and stuffed animals. the crime was seen as brazen by residents because of the location and time of day. witnesses say they heard at least ten shots and saw people

the fed lost desi t ep interest rates low only listed shares temporarily. >> the a very real sense of fear in the overall market. the trading floor is orang ast always does. there is fear in the market and this is driven by multiple points which ldso a sense that there is a lack of calm in global markets. >>the dow jones was no exception to the bearh mood on wednesday. it also fell sharply. >> nothing to cheer about on weesy. a u.s. bank shares led the charge. i asked if this is what we can expect. >> the market at this point is extremely nervo aalofhe rumors might go on with france and this did put pressure on financial stocks. look at the banking industry. monday, we had bank of america losing almost 20%. we had bank of america gaining almost 20%. baamic lost about 10%. depending on how the news is, maybe that is what we haveo live with. >> let's go to frankfurt where the new round of market free fall highlights how the sentiment is right now. >> traders prepared for a very strong rebound. the recovery of german shares did not last until midday ading and the opening bell on wall str

. >> bill: because some participated in mortgage lending thing the irony of t was driven by the feds in fannie mae who was in charge of fannie mae, barn from y. frank who is putting in the onerous. barney frank. you have got to love it? >> they did nothing to fannie mae and freddie mac in this bill. the guys who pride overruled the disaster write a bill to -- if we don't have strategies and the republicans are going to have to come up with them because it's clear the left wing democrats just don't understand free enterprise. they don't understand small business. >> not that they don't understand it they don't like it. they don't want it. they want to have distribution. if you were the speaker of the house, first of all, rate boehner. did boehner do a good job here? >> i think boehner comes out of this as the strongest person in the entire system. he was methodical. >> bill: would you have had to do the same thing as boehner did? if you say yes, you would have had to cracked whip on the tea party guys. >> you can't second-guess it he was in a totally different environ. i was. in bill

. >> bill: because some participated in mortgage lending thing the irony of t was driven by the feds in fannie mae who was in charge of fannie mae, barn from y. frank who is putting in the onerous. barney frank. you have got to love it? >> they did nothing to fannie mae and freddie mac in this bill. the guys who pride overruled the disaster write a bill to -- if we don't have strategies and the republicans are going to have to come up with them because it's clear the left wing democrats just don't understand free enterprise. they don't understand small business. >> not that they don't understand it they don't like it. they don't want it. they want to have distribution. if you were the speaker of the house, first of all, rate boehner. did boehner do a good job here? >> i think boehner comes out of this as the strongest person in the entire system. he was methodical. >> bill: would you have had to do the same thing as boehner did? if you say yes, you would have had to cracked whip on the tea party guys. >> you can't second-guess it he was in a totally different environ. i was. in bill

when all was said and done and financial markets finally dig t digested this massive amount of news by the fed, they said you know what? maybe that means we won't have a double dip recession now. we might not stall out. we'll still sputter along. that's the bad news and also the good news. we're not going to stall out. >> gallagher, do you agree with this? are we avoiding here? is ben bernanke the hero of the hour? >> well, it's interesting. what's as interesting as what bernanke did say today was what he didn't say. or what the committee said. which is the fed was widely expected or hoped by a large portion of the market it would do another round of massive bond buying and intervention. its done twice already. that's with the salvation from above was hoping for. that didn't happen. on the other hand, the fed basically came out with as diane said a very clear statement. for the first time put a target date on how long it's going to keep interest rates toward zero. i think that led to a kind of collective sigh of relief. we know we can expect rates for the foreseeable future. the other thing is

. >> continue to lookt t rkmaet a day after extremely discouraging news from the fed.ine that cleans. chevron with techron. care for your car >>> welcome back everyone. a good wednesday morning to you. i don't know if this makes you want to get out of bed or pull the sheets over your head. a live look at the big board, dow industrial average down 256 points. it is 6:46. >> time to check on weather. stocks going down but weather forecast going up. >> more importantly staying consistent. can you count on it. another gorgeous day already shaping up that way in the city of san jose. taking a live look taking you out the front door. a look out the front window will do it for you. temperatures here chilly this morning, 56 degrees in the city of san jose. but the most important thing to note about this live picture is that we're not seeing as deep of a marine layer. therefore it's not as cloudy to start you out. we're going to see a comfortable afternoon as a result. temperatures right now ranging from the upper 50s to low 60s. on-shore flow firmly in control of the weather p

feds. lou dobbs will comment on that after the t points. first the lead story, hurricane irene now a fierce category 3 storm with winds more than 100 miles per hour and is heading for the u.s.a. already battered puerto rico. the turks caicos islands and pouncing on the bahamas. forecasters expect the hurricane to hit us very shortly. joining us from houston, joe bastardi the chief meteorologist at weather bell analytics. take it day by day i think is the best way to do. tell the people up top that no forecast is 100%. could veer out to the ocean. we hope it does. we are praying it does. if it stays on its present course, what happens on thursday, tomorrow? >> well, it's going to be battering the northern bahamas tomorrow, places like nassau and those islands in the northern bahamas will be experiencing hurricane conditions and there is a good chance, for instance, nassau that people i know there have been warning 60, 80 mile-per-hour winds gust to 100. the area that got hit 99 by floyd further east are liable to be devastated by this storm

. >> this week's epic up and down has most americans fed up and the republican candidates for president are sharing that anger. as you can imagine t tic number one at last night's big debate in iowa. >> but the field gets turned on its side as rick perry and undecided sarah palin arrive on the scene. here's abc's karen travers. >> reporter: so much for minnesota nice. last night's republican presidential debate on fox news turned into a bit festirslugfes between instate rivals. congresswoman michele bachmann and former governor tim pawlenty. >> her record of accomplishment and results is nonexistent. she's got a record of misstating d making false statements. >> you said the era of small government is over. that sounds a lot more like barack obama if you ask me. >> isn't that about the worst thing you can say about a fellow republican in this campaign that he reminds you of barack obama? >> reporter: and bachmann are fighting against mitt romney. that leaves the minnesotans as top contenders in this tradition considered a key early test. for pawlenty the straw poll is a make or break moment to show he can compete. for bachmann a c

decision to really draw very bright line and sounded as if he was a republican fed up with the party pulling its evil elf in tople are not now. you're talking about a very conservative base that goes to the polls in a number of states. they have open primary states that can make a big difference. if huntsman survives the first four states and gets into florida, whole different ball game. >> he could self-finance. >> absolutely. >> we got some news tonight that george pataki who you mentioned is going to be, i know, america is now scooting to the edge of their chairs, polk county gp picnic. he'll be attending on saturday. a local republican saying there may be a major announcement there. you think the republican america is waiting for george pataki? >> yeah, it could. could be. could be. i don't know. we've been waiting for a whole lot of folks, parentally. >> but, george -- >> let's stop the waiting. whoever is in is in. do your thing, run, make your argument to the american people for goodness sake and stop this dog and pony nonsense about getting in the race. it's september for goodness sakes. >> polk count

next time when we finally get fed up with the people not doing their jobs, the markets are going to force the politicians to come to grips with these problems you eloqu t eloquently scribe every day on your show. health care is broken, we can't afford entitlement. doesn't matter how want to solve the problem, we have to admit these things and solve these things. if if i made you king, you could find a commission, get it settled up in three months' time. political with we don't have the nerve to do it because our political system is out of control. just like the fed's out of control. >> how do you resolve, how do you begin the process of resolution knowing that you owe more money than you have, that you have this corrupt relationship between the financial system and the government that you have? that the markets and the world is concerned that future employment is not going to be there, future prosperitisy threatened because of what we're discussing and how do you use the incredible incentive that the threat is, the incredible opportunity that that level of problem-solving represents to compel a real resolution as opposed to insane sort of single issue

the extra interest the feds will have to pay in order to get investors to buy treasury bills the last two weeks. the sale of those tills helps fund the government. >> the interest rate had gone up on there, it wouldn't have cost us if this was settled two weeks ago. >>> the house which adjourned for summer recess last night failed to approve a bill that would fund the faa. the only possible resolution is if the senate approves the bill and that is apparently unlikely. now for what this all means to you, first, the federal government is expected to lose estimated $1.2 billion in taxes on air travel and 4,000 workers will remain furloughed and mostly administrative positions and not affecting your safety in the air but that means air traffic personnel are still on the job. construction projects are on hold. this just -- by the way, that 1.2 billion and add it to the 1.7 billion we told the government has to pay in extra interest for now up to 3 billion because of delays. >>> because the government has stop collecting certain taxes on ticket sales, delta says it will give refund to passengers who paid those taxes but

fed out of line? i know. this whole treason thing has been dragging on for days now. it won't die because perry's critics won't let and it neither will he. tsonous for fed chair ben bernanke could con printing money to play politics. yesterday he upped the ante. >> they should open their books up. until they do that i think they will continue to be questions about their activity and what their true goal is for the united states. >> critics are appalled. that includes some republicans. former bush white house spokesman tweeted perry's remarks are inappropriate and unpresidential. perry has his supporters, too. >> the fundamental point he makes is totally true. actually. we are devaluing the currency. it is happening because of the fed's policies. it is benefiting in a short-term way the white house. >> still treason? as defined in article 3 of the constitution if you don't have your pocket sized constitution handy this is what it says. l levying war against them, or in adhering to their enemies, giving them aid and comfort. ben bernanke, the man running the federal reserve which is basically the central bank fortunes, is he conspiring again

and you can do all the efforts you want with ben bnanke and the fed to go back t purchasing more bonds very difficult to effect long-term interest rates which are market-driven. so we have the real risk, steve, of going into a double-digit recession now. we need to do, therefore, the following and it's a very careful balance. first we need a short-term stimulus by a payroll tax, holiday or a substantial reduction in employer and employee payroll taxes. second,e've had these continuing impasses on the debt limit. we just went through this over the summer and only put a band-aid on it. you know, winston churchill said the american people always the right thing after they've exhausted all alternatives. we've now exhausted all alternatives. this could be the shock that gets us to a deficit reduction package. now, mind you, it needs to be a long-term one in impact. if we were to do that immediately now, it would send a terrifically positive signal to the market that finally this crisis brought us to a genuine deficit reduction, long-term package dealing with our structural deficits, putting

t and bracketbuster talked about 4e$9Ñs, the economy, the long-tr long-term defici reduction. also]utk talked about the european debt career,egfefollowy in the stock market. the fed yesterday said that it was going to keep rates at historic lowsá7p2013, so past ts re-election campaign. so the white house seems to be in some ways in reactivenow, the public schedule earlierwy1y tot mid-afternoon. >> rose: the white house thoughe agreement, the appointment of taside this talk about debt, leave it to the super committee, see what they did, and they could make a pivot to jobs, but they can't get away from the news of the market. >> no, that's right. and that's the biggest challenge for the president. really the challenge that has dogged him his entire presidency, which is on the o hand the need to be able to stimulate this economy, get this recovery moving, but, on the other hand, you've got the need for deficit redtion and deep spending cuts that republicans are insisting on. every time this white house thinks they're going to be able to make that pivot, how many times have we heard tm do that pivot? it's almt like we've pivoted in circles at this point. they can't

t network. and what's possible in here is almost impossible to say. >>shepard: news alert. lock at this, dow is above 11,000, up 210 points on the session. again, the fedn announcement and the dow tanked and the people thought about it and said this ain't so bad. interest rates remain the same through 2013 and investors are liking it quite a lot. maybe they will like it for another, i don't know, 18 minutes and we can close up. if you details on the three sin lanes -- siblings accused of shooting up a police car and robbing a bank. they have been on the run since they feared 20 shots at a local florida police officer during a high-speed chase. police released this camera of the chase. this is brand new. the officer in pursuit said he had to pull over after the suspect shot at one of his tires. the they suspects accused of robbing a bank in south. these are surveillance video for pictures from the bank. one sheriff said the nation-wide manhunt is underway and this bunch could be anywhere. >> and now, from florida, we will start with the youngest brother, 21 years old, with 14 felony conviction already, phil? phil: 14 convictions, felony, at age 21 and t

t-mobile. it is a huge $39 billion deal. got all the headlines when it was announced but the feds say merging the number four wireless carrier with the number two is a major conflict for us, the consumers. the government says it could reduce competition, not a good thing in this market and raise prices for us with a cell phone and blackberry. at&t can challenge the decision. what you're looking right there is briefing at the justice department, an antitrust briefing that is set to take place at any moment now. if we hear news on this major business deal that has sweeping effects for all of us that use handheld devices we'll bring you those headlines. jenna: hi, everybody we're so glad you're with us. >> i'm greg jarrett here for jon scott. rain swolling riverses in northeastern new jersey prompting more evacuations for threaten homeowners. the town of walllington issuing a mandatory evacuation. jenna: these pictures from paterson, new jersey. the rising wars of passaic river prompting flooding waters in many communities. governor chris christie said his tour quote, revealed despair. he will mean with the homeland security. g

fed up with this president? those reports just moments away. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses >> laura: factor follow up segment tonight, president obama is about to head off to a lavish vacation up in martha's vin vineyard beautiful place while americans are desperate for work. president obama has announced he is going to reveal his comprehensive jobs plan in september. tom vilsack the agriculture secretary gave a preview of the kind of policies we might expect. >> when you talk about the snap program or the food stamp program. you have to recognize that it's also an economic stimulus. >> laura: food stamps are an economic stimulus. you may remember that jobs is something that the president has been thinking about for quite some time. >> the question is how are we going to make sure that peopl

rates attached to shorter-term instruments like t-bills and the like, that's going to be the place to be at least for the next two years, so take the fedt its word. megyn: neil, thank you. catch more of neil at 4 p.m. eastern where he will explain it, analyze it and everything in detail. thank you, sir. >> sure. megyn: well, the first shock for raymond johnson came when he learned he was one of an estimated 2100 men diagnosed with breast cancer every year. as he struggles to pay for his treatment, the next shock came from a medicaid fund for breast cancer patients. that fund denied his claim solely because he is a man. johnson's case qualified in every other way. trace gallagher has more live from our west coast newsroom. trace? >> reporter: hey, megyn. raymond johnson had a cyst on his chest and that's how his breast cancer was diagnosed. he work as a construction worker and does not have insurance, so he qualifies for medicaid except that medicaid does not cover breast cancer for men. so he applied for money under a program called the breast cancer prevention and treatment act which does not exclude men from breast cancer. so he had

t-shirt sneakers, and not using ropes traversing the lenl. they rescued them and brought them to safety. >> sometimes its costs more than you bargain for. san francisco merchants are so fedss traffic for businesses in the area. >> they add they have written fewer tickets than last. in san francisco, jonathan bloom. abc7 news. >> some of the largest tobacco companies are suing the government over new cigarette warnings. the bloomberg business report is ahead. >> a town turns to technology to take a bite out of crime. not everyone likes the idea of being caught on camera. >> president obama may have escaped washington but he can't escape the republican criticism. i'm karen travers with that story coming up. >> a potential new use for tylenol and how it could provide relief for e >>> welcome back. live doppler7 h.d. it's quiet and will remain so across the entire state. palm springs the heat is on. 110. mid-90s in chico and yosemite. sunshine in big sur and 76. we have 86 around l.a. here is kristen with the news. >>> thank you. new security system is up and running in gilroy to fight crime and convince shoppers it's a safe place to visit. it is in a testing phase. there is

did that because the fed is almost, not quite, throwing its hands up we tried big asset purchases to float this market up. you probably have heard of qe2. bill: you print money with qe talisyn: in essence. some would disagree with it. you're inflating something to have people take more in the stock phabgt. today we have the problem that is of course not only the issue of getting the don't tree downgrading and the fed looking and saying what else are we going to do. can we really ask the country to deal with more printing of money, but also europe is a huge headline problem here, bill. if you're looking at the markets and all the gains yesterday it's actually not our fault today. the markets rallied on what the feds announced yesterday. bill: i thought the issue was in italy, now it's not italy it's france? >> franceess banks have exposure to italy and expose you are to greece. stocks are down 20% at the moment in europe. lots of worries. bill: come back to the feds' move from yesterday. this is what i was trying to figure out. the business community has told us for three years that it needs direction from washington in order to go forward, and it has argued that it ha

fed up with their politicians. remember john mccain called tea party hobbits during the debt ceiling crisis? i think he was quoting the rj"tnt him. yesterday, it didn't take long for things to heat up in a town hall meeting. >> i am just asking for a simple apology. >> i said if anyone misunderstood, i am sorry about that. i am not sorry for what i said. i am sorry if it was misunderstood. okay? >> he is standing up for himself but is it getting ugly out there. joining us live from washington is ron brownstein, the editor of the national journal. i don't know what to think about this john mccain thing. clearly, he's kind of defensive when it comes to, you know, what he said on the floor of the senate. but the tea party members are out in force and giving it to their lawmakers just like they did during the summer of anger. >> yeah. well, look. john mccain is an old fighter pilot and sometimes he shoots from the lip and has used provocative language throughout his career. but in this case, it's worth thinking about what happened here. the tea party is a powerful force in american politics and especially in the republican par

t certainly the jeremy -- general. you may call him the antagonist. when you consider their job is to prevent based on facts or fiction and horror fed is the important notionme there were other elements. here is ragged and to the more dangerous areas and where i would liketo readers to ask of themselves about whether or not pushing a science is necessarily a good thing. ride around the same time, for a while after world war ii, we had an atomic bomb.rus when we find out and we alsoe have the atomicre bomb, there was a movement created that tore the thermonuclear bomb which was even bigger how the bugs got so far up. and it was opposed on moral grounds saying it was not a good idea to create a weapon that is larger than the target. that the thermonuclear bomb is so big it would not lie about a military installation but the whole city.ar the thermonuclear bomb was actually one that was 10 10 megatons and that thermonuclear bomb if dropped on manhattan would wipe out all five boroughs killing 75% of the population and all the way down to 75% through washington d.c.. that is a bomb bigger than its target.do one of the more interesting analogies is area 51 here

fed may consider a new round of stimulus is given credit for the gains. >>> and dolly parton has apologized to a lesbian couple who visited dollywood's splash complex in tennessee. one was wearing a tlogan promoting gay marriage. she wasn't allowed inside until she turned her shirt inside out to hide the slogan >>> time now for the ridiculist. tonight we're adding heidi montag and spencer pratt. if you don't know who they are, first of all congratulations. allow me to explain. they were on a tv show called "the hills" that was on for six seasons. it was season four before i realized it wasn't just a really long lip gloss commercial. i do know that heidi and spencer were the demon spawn of that program. and together they staged a whole bunch of fake photo ops and went on reality shows and basically got paid to go to clubs. whatever the point is, they got really famious in that blog yes, tmz, twitteresque way people can get famous these days without any actual talent or intrinsic worth. but now sadly everything has changed. sadly for them, heidi and spencer say they were wrong about everything. they regret it all, they say. now they're broke and wish they never tried to get famous. s

fed chief ben bernanke. what can we expect? e, inventory can be taught to learn. ♪ machines have a voice. ♪ medical history follows you. it's the at&ttted to delivering the most advanced mobile broadband experience to help move business... forward. ♪ >>> watching your money this morning. today is the big day. federal reserve chief ben bernanke will speak in jackson hole, wyoming. they hope the fed chief might drop hints about new measures to help out the struggling economy and maybe another round of fed stimulus. u.s. stock futures on the dow, nasdaq and s&p trading lower ahead of the opening bell. awe new report on the growth of the economy is coming out in the second quarter. economists are forecasting the gdp in the second quarter was weaker than first thought. the economy may have only grown 1% during that period. >>> investors rushing back to gold after rumors started swirling that germany's credit rating maybe be downgraded. they reaffirmed the aa rating. gold up 1790 an ounce in electronic trading. >>> state farm, nationwide and allstate answer travelers the most exposed insurers with hurricane irene fast approaching the east