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t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> dadaab, kenya, ground zero for a horrifying story of human suffering, a story until now received scant attention here in the united states, but thousand of somalis fleeing to kenya to escape the epic drought ravaging their homeland. it's the worst drought the region has seen in 60 years, and it's left more than 10 million people in desperate and dire straights. there is a cry for help, and abc is the first american television network to report from the crisis zone. here now, abc's lama hasan. >> reporter: the images are impossible to forget. so difficult to comprehend. >> i just saw a mother that lost three of her children on the way. >> reporter: a dying child. a mother grieving. a father, helpless. they are the victims what aid officials are calling the worst humanitarian crisis on earth. >> the people that are arriving are absolutely

t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> for the other side of the story, one of the top democrats in the senate, chuck schumer of new york. senator, thank you. i guess i just start by asking you, are you as optimist, here as senator mcconnell is? >> well, look, let's put it like this because i feel a lot better today about the ability to avoid default than i did even yesterday morning. a default would have such disastrous consequences for our nation for decades to come. the fact that the leaders are talking, even if i'm sure hardly anyone agrees with everything they're going to come up with, is a good thing. >> schieffer: what's going to be the hardest thing for you to sell democrats? for example, as i understand it, this committee that's going to be formed would have the authority to make, you know, major reforms in medicare and social security. i know everybody agrees somethi

t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> for more on our show and our guests, check out the website, wsjr.cnbc.com. and i hope you will follow me on twitter. find me at @maria bartiromo.com. >>> now a look at the markets that may impact your money this week. we will hear from bp, ford motor, chevron, merck, boeing, exxonmobil and amazon.com, among other companies. tuesday the s&p case-shiller home index will be out, giving us a window into housing, as is the report on the number of new homes sold last month. wednesday the federal reserve will release the monthly beige book, a survey of the country's regional economies. and friday the gross domestic product for 2011 second quarter. the gdp is the broadest measure of the health of the economy in the u.s., and typically a market-mover. >>> finally today, and fitting in this july heat, did you know the building behind me was one of

t. rowe price. invest with confidence.equest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. >>> taking a look on capitol hill. senators will start arriving in the next hour or two and the entire economy hangs in the balance of the debt ceiling deadline. there is a vote scheduled for 1:00 p.m. eastern and intense negotiations between congressional leaders and the white house. more on an agreement in washington coming up shortly. >> you usually don't hear plane crashes desc

t. rowe price. invest with confidence.uest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> bill: unresolved problem segment tonight, barack obama trying to position himself as a voice of moderation on the debt crisis. look at this chart. under president clinton the national debt increased by about $547 million a day. under president bush it increased by 1.6 billion per day. and under president obama, the national debt is expanding by an unbelievable $4.1 billion every single day. now, that's a road to bankruptcy. do americans understand what's happening. near now fox business anchor stewart varney. you see him 9:20 a.m. like the subway. 9:20 barney will be here. now, you saw laura ingraham and i and i know we are getting a lot of nasty mail about that we respect each other. i say at this point in the nation's history, absolutely need to compromise on this. but with deep spending cuts as the headline. that has to be the headline. >>

t. rowe price. invest with confidence.st a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> i think one of the questions that the republican party has to ask itself is can they say yes to anything? it is time to get serious and i am confident that the bipartisan leaders in the congress can act. the white house gets more serious and we will. >> chris: president obama and speaker of the house john boehner in extraordinary news conference over the proposed grand bargain that fell apart. it is time for our group. brit hume, and a.b. stoddard of the hill newspaper. bill kristol of the weekly standard and political an left juan williams . juan has a book out "muzzled" and the assault of honest debate. juan congratulations. i read the first chapter and didn't mention me but it was still very interesting. [laughte >> chris: i had a very carefully framed question, bret. you heard what geithner and boehner said. what do you make of it? >> it is

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t. rowe price. invest with confidence.equest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. now for the "sideshow." when the deadline for annie agreeme agreement on the debt ceiling was set for august ened 2nd the result of the treasury department, another theoryhoriz. another reason. why did he think the president wants to get the debt ceiling debate squared away on that day? listen to mr. gomer. >> i can't help but be a little cynical here, because, you know, we find out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over and lo and behold, august 2nd is the deadline for getting something done so he can have this massive, maybe the biggest fund-raising dinner in history for a birthday celebration. >> well, louis gomer is actually a birther. fact is he believes the president wasn't born in america and suddenly he's an expert on his birthday. >>> up next, i guess chris christie wasn't a

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t. rowe price. invest with confidence.spectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> sean: and tonight on our great, great american panel. a white house correspondent, bureau chief for the talk radio news service fox news contributor ellen ratner is here. jessica first is back and he is the most successful college football coach of all time, former notre dame coach forever notre dame coach lou holt's is with us. glad to see yew. you just told meo me, you are . >> when the house passed something they ought to be able to vote ton. for the last 70 years only three times have be balanced a budget. why don't they have a balanced budget? because if they have a balanced budget they no longer can bribe the voters and don't want to go on record to say i am against a balanced budget. who can possibly be against a balanced budget when we have the problems we have. it is not complicated but you get tired of hearing the lies. >> the interesting thi

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t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the president and i have gotten to know each other pretty well over the course of the last six months, and i can tell you in all of our conversations, they were respectful, they were firm, they were frustrations on both sides, but i don't -- i don't believe that our relationship is permanently damaged. >> that's house speaker, john boehner, after deficit talks with president obama broke down. with us, "the washington post"'s john saliza and patrick buchanan. hey, pat, i want to spend a moment on the democratic side of the aisle, but not the president. crazy day, but much earlier today, it seemed the impediments putting a deal together might be ds. when they heard reports, it was like mount vesuvius. should we have not taken for granted the president should keep his house in order if we do not put in order the gop? >> this is why i do bel

t. rowe price. invest with confidence.quest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it all happened so fast. it was clearly too late for me to do anything as my mercedes collision system automatically kicked in. the next thing i know, the mercedes stopped itself. ♪ watching what mercedes has done in bringing together these sensors in a car with software that has the ability to save your life. that's magical software. [ male announcer ] the innovation, the engineering of mercedes-benz. the best or nothing. >> sean: the stalemate drags on. while the president"x is attempting to get out in front isd several meetings the one thing we still have yet to see is an actual plan of his own. here with more reaction tonight big debate and the speeches by president obama and john boehner is senator mike lee. good to see you. >> good to be with you. >> sean: one thing i've learned about this president. i'm not patting myself on the back. h

t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> bret: joining us now are the two senate whips whose job it is to round up the votes of their res speculative parties. senator dick durbin, a democrat from illinois, and senator jon kyl, arizona republican. welcome back to you both. >> thank you, bret. >> bret: let's try to characterize at this point where this compromise is. senator mcconnell has just said he is very close. as you see it, how do you characterize it? senator durbin? >> i would tell you i a much more positive feeling than i did 24 hours ago there is active negotiation underway. i think some of the things that are coming forth hold promise. key elements are still being resolved. i know gene sperling was in a painful position earlier on your show. we have want to move this forward. we want to avert this economic disaster that would occur if we default on the national debt for

t. rowe price. invest with confidence.uest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> chris: time now for comments you posted to the blog wallace watch with the august 2 debt deadline fast approaching, many of you had questions about what happens next, like we did. bret nichols writes -- "if congress and the president did not have a deal by august 2, will the salaries and benefits of all washington leaders and staff also be suspended along with other payments ?" murial from las vegas asks "how much of the debt ceiling, if any, would be affected by the repeal of the healthcare law known as obamacare?" ann heally sent this. "why cut social security from those of us elderly women who only have social security as the income? let's cut foreign aid from countries that do not support us. where is the common sense?" please keep your comments coming to us at foxnewssunday.com. that is it for today. we have want to wish the u.s. women's

t. rowe price. invest with confidence.uest a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. morning starts with arthritis pain... that's two pills before the first bell. [ bell rings ] it's time for recess... and more pills. afternoon art starts and so does her knee pain, that's two more pills. almost ne, but hang on... her doctor recommended aleve cause it can relieve pain all day with just two pills. this is lisa... who switched to aleve and fewer pills for a day free of pain. and get the all day pain relief oaleve in liquid gels. >> laura: with me now former special counsel to president clinton lanny davis. are from new york with reaction to all of this fox news radio guy alan colmes. both of you great to sigh. also awaiting a press conference from democratic leaders including harry reid. all right, lanny. let's go back to your days in government and your days in the white house and obviously the president and his top aides are watc

that group of investors includes blackrock, calpers and t. rowe price. they're asking for unspecified damages and class-action status. the suit, filed in federal court in los angeles, is a setback for bank of america, which has tried to put the subprime mess behind it by settling a number of claims. no comment from b. of a. on the lawsuit. public school teachers in detroit will take a 10% pay cut and pay more for their health care starting today in order to address the city's financial emergency. the measures are designed to save nearly $82 million. the school district is facing a deficit of more than $320 million. teachers will see the changes in their paychecks starting next month. our "market monitor" guest tonight says even though the debt mess is hanging over the markets, there are still plenty of good stock opportunities for investors. joining us now, mark luschini, chief investment strategist at janney montgomery scott. hi, mark, nice to see you. >> hi, susie. good to see you. >> susie: all right, so you heard all of our conversation about is ther

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t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses distracted driving. it accounts for 25% of car crashes. - ♪ [ dance ] - music, cell phones, food-- the list goes on. this is why safe driving is so important. - correct. - and it's why the best agents... help safe drivers get a lower rate. - oh! - exactly. ♪ another dream but always you ♪ whoa! ♪ it's like a vision-- [ tires squeal ] ♪ [ resumes ] [ man announcing ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ >>> again, the breaking news on the budget talks. congressional democrats wrapping up a meeting with the president tonight. jessica yellin is reporting that the president is trying to win them on a deal. she says some democrats are expressing doubts not wanting to face the dilemma of choosing between entitlement cuts and a government default. as you saw earlier,

t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> kate bolduan. >> reporter: we said what's the latest? he said there will knob vote tonight. so after all of these hours that members as well as house republican leaders have been trying to work very hard to try to build support around house speaker john boehner's proposal, it appears that at least for the evening they're either giving up that attempt or they haven't gotten the votes yet. because kevin mccarthy has just come out now to tell us there will be no vote tonight. obviously a lot is in flux. obviously we'll have to figure out where this goes from here. that's the latest. no vote this evening after they abruptly stopped debate on this measure around -- before 6: 6:00 this evening. it's been in flux ever since and we've been watching members come in and out of the house leader's offices. they've been trying to garner support, tryi

t. rowe price. invest with confidence. prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say. [ male announcer ] [ bedistracted driving.work. ♪ [ disco ] it accounts for 25% of car crashes. and it's why the best agents help safe drivers get a lower rate. - exactly. - oh! [ announcer ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ >>> isha sesay is following some other stories tonight. she joins us now with the 360 news and business bulletin. >> good evening, isha. >> hello there, sanjay.

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you buy a small cap fund such as the t. rowe which is the grand daddy of small cap funds. >> this has been a big year for small cap funds. look at the one year on this. 42 2/3%. that would have been your return on a $10,000 a year ago. you'd be now around $14,000. one look at a run like that, one wonders if it's got a lot more to go. >> for it to go significantly from here, you have to have an acceleration in the u.s. economy in the second half as the fed believes will happen. if the fed is right, this fund will keep going. >> and for small caps you don't need the economy to be going gangbusters. but it is what you call early cycle stocks. >> you need a growth rate in excess of 3% in the united states for these companies to really show their profit stuff, if you will. so if you believe the economy is going to grow 3% or more, this is the way to play it. >> and this is an area where you do want an expert, because otherwise you are guessing. these are little companies that are not fully capitalized. >> you don't want an index. you

t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> and now, "in memoriam" -- ♪ ♪ this is for all the lonely people ♪ ♪ i' been through the desert on a horse with no name ♪ ♪ it felt good to be out of the rain ♪ ♪s in desert you can remember your name ♪ >> good evening from abc news headquarters in washington. i'm howard k. smith. >> i'm harry reisner in new york, these are tonight's headlines. >> and hideki irabu will pitch out of it. ♪ >>> this week,k,he pentagon did not release any names of u.s. service members killed in iraq or afghanistan, and it's the first time since we began this segment that we did not have to mark the loss of any forces in the u.s. conflict. we'll be right back. rk the loss of any forces in the u.s. conflict. we'll be right back. anananannouncer ] this...is the network. a living, breathing intelligence that's helping drive the future of business. in here, invent

t. rowe price. invest with confidence. or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> 46 minutes past the hour. actor jude law, reportedly claiming news of the world reporters hacked into his phone at jfk airport in new york. it could be the first report of hacking on u.s. soil. >>> attorney for casey's parent, george and cindy anthony, say they refused a request by her attorneys to act as media decoys when their daughter was released from jail yesterday. she was driven away by her defense team and remains in hiding. >>> congressman leonard boswell is okay after a very, very scary situation at his home in iowa, farmhouse, home invasion. 77-year-old reportedly struggled with the gunman saturday night before his grandson grabbed a shotgun and pointed it at the intruder, who then fled. >>> on a scaled-down plan that would allow the president to then raise the debt ceiling. the treasury will begin defaulting on its loans august 2nd otherwise. >>>

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use the report saying, look, they do not determine effective competition for the send year in a row. at&t has said even though they didn't determine that, we think it shows how many carriers people have choices of. wanted to get your views from the politics standpoint if you think this report will continue to be used, if you will, by the two sides in the merger proceeding. >> guest: i'm sure people will continue to use it. chief in the report, it's an important body of work, but i think more important is the underlying docket and proceedings at the fcc that they look to and what's more important to the ultimate outcome of whether or not the industry remains competitive. whether or not the fcc levels the playing field and make entry and growth by smaller carriers more possible and more profitable for them, possibly. i think the answer on the merger is indicative of the larger problem, they do have members on both sides of the merger with sprint, obviously, vociferously opposing the merger if it goes through. when it comes to these other issues that the fcc is weighing and that are really j

power and associates three years in a row. [ female announcer ] at&t u-verse: tv like you've never seen before. >>> well, it has been any auctionous day on the market the dow down 64 points, started with a bad report on economic growth, things got better help the president talked about possible ways to solve the crisis but things still not great, the dow headed for its 6th straight day of losses and nine out of 10 indices fell today. >>> they say they spent less money for campuses that have large numbers of african americans and latin 0, he called it racial and unwarranted and inflam inflammatory, he says they get less because they are costlier, and they are categorized as miscellaneous. >>> the future of the hotel is unclear after its owner defaulted on a loan. it is home to about 100 residents and several businesses. they have been told their rent and lease are not going to change but some say they are still worried, the owner is being sued by the bank and a court appointed person is managing that building. >>> niagara falls may return to its daredevil past if a circus performer wins

power and associates three years in a row. [ female announcer ] at&t u-verse: tv like you've never seenbefore. the world cup. but they beat the americ >>> with that shot, japan's national women's soccer team won the world cup. they beat the americans 3-1 in penalty kicks. the japanese during that game fought back, coming from behind twice, and tying the game 2-2 in overtime. this is japan's first appearance in a final. and its first world cup championship. >>> it is a major development in the phone hacking scand until britain. the whistle blower in the story has been found dead. police found the man's body in his home in england and say his death is not considered suspicion. as tina krause reports, the scandal is now widespread, reaching the top brass of london's police department. >> reporter: a senior london police officer has resigned after being suspended in the phone hacking and bribery scandal engulfing britain. assistant commissioner john yates decided not to reopen an investigation two years ago, into allegations journalists at the news of the world were listening in on voice ma

power and associates three years in a row. [ female announcer ] at&t u-verse: tv like you've never seen before. one of his biggest distractions behind the wheel. a new study by triple-a and pet any kurgo found th >>> dog lovers, listen up. man's best friend can be one of the biggest distractions when driving. 52% of drivers admit to petting their dog while driving. the other 40% lied. others say they hold their dogs in their lap, fed them and 3% admitted to taking a photo of their dog while driving. that is not safe. i know easy to get distracted when your dog is in your car with you. kristy -- >> not guilty! not guilty! i'm an adamant put your dog in the kennel person. and i was in a rollover auto accident that saved my dog because he was in a crate. so i do not lie. even though he is cute and i want to hold him and pet him, put your dog in a crate, folks. a lot safer for sure. >>> it's going to be gorgeous outside today. we are seeing the warmest day of the week today, plenty of sunshine all throughout the bay area. look at this. not a cloud in the sky as we look outside in dublin. an

power and associates three years in a row. [ female announcer ] at&t u-verse: tv like you've never seen before. camera. >>> it was just like a tonight of water just came towards us then my car spun. >> a woman caught in a car in pennsylvania captured it on a cell phone camera. the storm dumped several inches of rain in pittsburgh and causing cars and trucks to stall. drivers were wondering whether to get out or stay in the cars. eventually the water subsided. no one was hurt. >>> it's a different story for most of the midwest suffering from a blistering heat wave. it extends from texas to minnesota and the dakotas. temperatures are soaring to more than 100 degrees in a lot of those spots and that's likely to continue all week expanding to the east. >>> and kristy, what's causing all this heat? >> well, you know, that area of high pressure that's bringing those unbearable temperatures to the rest of the country is actually bringing us the pleasant weather. you feel bad for everybody else that's having to deal with that heat wave but here for us is blue skies and plenty of sunshine and th