clause essentially says that the hostage empowers the federal government to regulate commerce in or money between the state yes absolutely and so the conservatives had a very strict definition what constitutes interstate commerce and so. here there is a problem with in one state even if it happened to be a big industry even it was a big industry that made stuff that went all around the united states and had a big economic impact it didn't matter what mattered was that the problem was located within a state and so they would say congress had no right to regulate but this was the moment in american history when that way of thinking began to break down and roosevelt made a very strong argument against this horse and buggy definition as he called it the commerce clause and he said look we're not forty eight independent states anymore if we have a war we are interdependent and what happens in the economic life of the state affects the economic life of that state and so we need to be able to apply national power to national problems and that was an idea that finally took hold in the court

united states and our interest against that whereas you look at other parts of the government, the commerce department and the department of energy and treasury who all have different responsibilities and you're absolutely correct when the president created this office, the idea was to coordinate these and develop good policy the president put forth on behalf of the u.s. government. >> what do we make of the pentagon's much stronger statements about the cyber threat? if you like and to concerns about a cyber pearl harbor or just when the talk about the defense systems every day. >> i would say that it's not necessarily only on the defense systems, the private-sector, we have other parts of the government and putting other governments, and what it is when we hear what they say we have to take that as a part of the overall picture that we look at, take into account and figure out what they can do to help and how much is it really did to the defense activities, how much of it goes to the fbi department of justice secret service and homeland security. but this is part of an overall picture but

earnings at financial institutions not so from two thousand and seven to two thousand and nine the commerce department is saying that the corporate profits at banks actually went up this well corporations rely more and more on their dealings with the last three and their dealings in derivatives which are extraordinarily profitable and when you get the government to give these corporations trillions now we know that they gave away thirteen trillion dollars to american banks and foreign banks it's not hard to make money money even a rhesus monkey can make a billion dollars if you give a billion dollars in free coupons and if they make a mistake you can. the billion dollars just some president make more money meanwhile the jobless rate has continued to go higher the wages have continued to deteriorate anyone who's actually working for a living would never say that there's been anything like a recovery from the crash of two thousand and eight and now they're saying you know what there really wasn't worse press than we were saying and by the way going forward it's going to be worse than we can e

revolt you know i think people would be surprised at this these statistics that came out from the commerce department they were released of course during the kabuki theater of the debt ceiling kabuki so most people didn't see this but the fact is that everybody every american will know that the crisis is a banking crisis so you would think during a banking crisis that their profits would go down but in fact they went up and they performed better during this crisis than any american who is now being asked to pay for this but also being asked to pay through the exorbitant privilege that they are about to lose and they just have no idea what is going to happen once they lose the exorbitant privilege of the u.s. dollar as a reserve currency yet and once again barack obama when he came into office because he didn't throw geithner out larry summers ben bernanke he's paying the price for allowing the financial terrorist to run his campaign and run this country now he's being marginalized the i.m.f. is running the show barack obama has become a non answer to say all right stay severed from the new

we've seen cyber crime ever since we moved from bulletin boards to the internet to the web and e commerce, there has been efforts by criminals to take advantage of that. that increases the more we become dependent on i.t. systems, the more opportunities for criminals. on the other end of the spectrum, we start looking at the dependency we have as a government, as a civil society. somewhere there is an i.t. system running the power grid. any threats against the system is having more of a dramatic affect on us. we are identifying what is going on out there and try to isolate the impact that will be. more important, how do we stop that from happening? guest: different corners of the government's intent different views on how severe the threat is. one of yours is to coordinate -- one of their jobs is to coordinate these differing views, but one of the components of the government has been the pentagon, which officials warning of a cyber pearl habor. in your comments, i do not see that approach taken. how publicly are we supposed to simulate different views across the administration? guest: wh

this morning, the commerce department reported spending fell 2/10, the biggest drop in two years. it comes tas consumer prices are slipping -- it comes as consumer prices are slipping. the commerce department says most americans increased the amount they saved during -- during june. >>> starting today, highway patrol cars will be decorated with purple ribbons. it's part of a campaign to remind people of the danger of leaving children unattended in the car. the campaign was started by the national organization for keep our kids' safe. the founder is the mother of a 6-year-old who died in a car after being left there by a baby-sitter for more than two hours. >>> it's back to school for many in the bay area. many need supplies. in san jose, more than 2,000 signed up with a nonprofit group to receive free backpacks. sacred heart community services have only collected half of what they need to donate to the kids. say yet heart ends on friday. if you would like to -- sacred heart ends on friday -- hearts ends on friday. >>> tonight at 5:00, keeping talent in silicon valley. >>> and new

only in the commerce committee would you see that kind of jurisdiction. so the bargain i ended up taking the cash part left the trash with energy and commerce. we got into this big argument on interstate waste. you remember when that barge was full of garbage? it was going up the east coast trying to find a place to land. can you imagine -- our committee had to get involved in that thing. i found out later that they were sending dead horses from central park to landfills in ohio. you can't make this stuff up. susan molinari thought that was a great idea. i finally took over the committee. so there was that committee across the hall. couldn't bring himself to save a financial services committee. i have a trivia question for you. who do we have from the committee? a famous alumnus who ended up winning the presidency? this is the jeopardy question. you don't have to give it in the form of a question by the way. you wouldn't do that anyway. this banking committee chairman became president of the united states. james garfield. james garfield was chairman of the

other parts of the government; commerce, department of treasury who all have different respondents and see it through their lens. you're correct. when the president created this office, the idea was to coordinate these and develop good policy that the president could put forth on behalf of the u.s. government. >> host: what do we make of the pentagon's much stronger statements? if you liken it to a cyber pearl harbor or, you know, when they talk about the millions of scans that are done of defense systems every day? >> guest: yeah. and i would say it's not necessarily only the defense systems that are scanned. we have private sector, other parts of the government including other governments. and what it is, we hear what they say, we take that into account, figure out what they can do to help, how much is it directly related to defense activities, how much of it goes to the fbi, department of justice, secret service, how much of it goes to homeland security. but this is part of an overall picture but not the whole picture. >> host: we alluded to the white house's legislative cybersecuri

commerce. that's stretching the bounds, that's stretching the conceptualization of what interstate commerce is beyond all recognition. >> reporter: but the circuit court left the rest of the health care reform law intact, and that could be a huge problem for health insurance providers. beginning in 2014 they will no longer be allowed to deny coverage based on pre-existing conditions. but if individuals don't have to buy a policy, they may wait until after they get sick to shop for insurance. and companies would still have to sell them a policy. >> it becomes a real problem because you essentially have all the stick and no carrot. this means you won't get nearly the number of new enrollees that you thought you would. >> reporter: another apelate court in cincinnati has upheld the individual mandate. the court in atlanta has ruled it unconstitutional. that makes it likely the supreme court will decided who is right. >> now we have two circuit courts essentially with opposing rulings and that's always fodder for the supreme court. >> reporter: the justice department argues the affordable care act

that doesn't comport exactly with the jurisdiction of the commerce committee. but in any event, he seems willing to shut down the f.a.a. f.a.a., it's certainly going to stick it to the f.a.a. employees and there will be many more of them by the time this is ended, and it's a tragedy which never had to happen. it's a tragedy about ego, about bullying, about an attempt to prove one side would cave. it's sort of the worst kind of political bickering that the american people are so sick of. but this time they're going to pay a terrible price. they are insisting on anti-worker language that didn't even pass the house. it has to do with the national mediation board. they tried that in the house, it didn't pass. so they want us to do it. they have jurisdiction over the national mediation board. the commerce committee does not. that's in senator bingaman's health committee, health, education and labor committee. and what they want now is much stronger than what they defeated themselves in their own house. and they know full well that the house 0 passed language that was

there are limits in the commerce clause. the text says among the several states.congress is addressing under the commerce clause must be national in nature and one that states cannot solve on their own. the entire constitution is a limit on congress' power under the commerce clause. there can't be action under the commerce clause that violates another portion of the constitution. there's no constitutional right to shirk your responsibility to pay for medical care and shift the cost on to your neighbor. >> shannon: we will see how it place out. -- how it plays out and have you backing when they reach a decision. thank you. >>> friday's closing bell marks the fourth straight losing week sparks fears of a global recession. steve forbes will tell us if he thinks america is headed in that direction. >> we've asked to you reach us several ways, e-mail, facebook or twitter. let us know if you think another recession is on the way. ♪ ♪ we were skipping stones ♪ and letting go ♪ over the river and down the road ♪ ♪ she was waiting up around the bend ♪ ♪ smile at me and the

the u.s. chamber of commerce. looking back at the national security advancement since the september 11th at tax as we approach the ten year anniversary. back to live coverage on c-span2 from the u.s. chamber of commerce. >> i guess i'd start with anyone that wants to answer this and looking out five to ten years, what are the issues in the ring of the public and private partnership with there is dan in your office or the structures in your office, help from the national standpoint and organization are they changing or do they need to, what are they going to look like ten years from now? i mean, al commodores is the first private sector office and began with fema office and linda from the odni and north, has a private sector office. is that a good thing or -- >> i think they started a trend is the good news. as you say and i think we set the stage very well for going forward, so what i would hope is that we can -- i will call it a perfect those trusted traveler programs, those trusted shipper programs that help expe

holding a event when she was shot in the head back in january >> new figures just came out from the commerce department americans cut back on their spending in june the first time in two years and their income increased by a small amount. the spending dropped 1.2% >> new details of the 16 year-old that was kidnapped at robbery at a barbershopper and there was an amber roller issued to find this teenager and now he is back eight hours after he was abducted from the barber shop he is now save and they are still looking for his kidnapper. >> here is the place where he was kidnapped al's barbershopper he i walked in on the robbery he forced the teenager into the vehicle at gunpoint they found the issue it has been processed locally more informations will come out of the any of police department they have good reason that he is safe although the police have not talk to him directly. >> they found a car somewhere in antioch and they are processing the car right now looking for for fingerprints and also the owner of the vehicle to see if he knew who this robber was we will have an update at 7:00 a.

was working with the chamber of commerce to sabotage progressive organizations like think progress in the union as you it appears their strategy was to use fake on line personas complete with fake twitter facebook and linked. in accounts to infiltrate and gather private data and people who work for organizations critical of the chamber of commerce for example meet holly webber born in one thousand nine hundred four attended reynolds high school worked for lockheed martin served time in the air force and is completely made up and holly webber is not real she's one of the fake online personas created by h.b. gary federal and it looks like the guy who created so called holly weber and executive h.b. gary federal air and bar apparently drew his inspiration for maxim magazine and this model whose name is actually holly weber and was actually born in one thousand nine hundred four so what's going on here at least one of you guys over the center for american progress found out about this. this is this is pretty wild you know as you accurately described there is this massive hacking plot that

we don't have the commerce we had in the old days. it has gone to oakland. we don't have the real site on the side of the bay. >> south of market has very unusual conditions, settlement. >> south of market, that particular fixture is at sixth street, which is right in the heart of this. some of the largest magnitudes of movement during the 1906 earthquake occurred in this area of what is called sullivans march, which it sullivans march, just south of market. not only did it solidify and saddle, but when the ground slopes, and actually flows and moves latterly. some areas of mission creek and sullivan's marsh, that was on the order of 15 feet. it was significant. everything you see south of market was built after the 1906 earthquake. the longer the time between the 1906 earthquake and the time of construction, the more likely people forgot about all the damage that occurred in 1906. so they were not as sensitive and perhaps cautious as they should be. many of these buildings that we see south of market, while they appear to be in excellent shape and are perfo

peter is supervisor and senior adviser of the traffic and transport division at the chamber of commerce, amsterdam. they are partners with businesses and public authorities to develop a robust and economically healthy region. they supervise a team of professionals in the port industries, barge, rail, and road transport. sounds like mta. the chamber of commerce amsterdam is known as an element of innovative approach to connectivity and mobility. he is strong and establishing unique partnership to create groundbreaking solutions. he started a task force formability management for employers and employees to reduce car trafficked by 10%. -- he started a task force for mobility management for employers and employees to reduce traffic by 10%. >> i will give you the perspective of the business community in amsterdam. athis is the region of amsterda. this is the inner city of amsterdam, and the rest of the city are the suburbs. the whole city, there are 2.2 million people, but the real city of amsterdam, there are less than 800,000, which i think is about the same as san francisco. i will also

took a broader view of the commerce. now back to first principles. what do we owe each other as a society, and it's teed up in the legal community the same way it is in the political world. we're arguing over the same things i did when i wrote my book about franklin roosevelt. all the issues haven't changed. >> and know -- >> well, that's terrific analysis, guys, and just -- just before we go, coming back to these issues in the weeks ahead. we have a specimont taj we teed by our own jonathan capehart, all over msnbc from "morning joe" to guest hosting on martin bashir to being on the ratigan show a couple times this week. it's going to become misnb capehart. that's what the c stands for now. neighbor, kudos to you, jonathan, and krystal ball and jonathan, more ahead. wiping out the rest of the gop field. do republicans fear the wrath of rick perry? i had a heart problem. i was told to begin my aspirin regimen. i just didn't listen until i almost lost my life. my doctor's again ordered me to take aspirin. and i do. [ male announcer ] be sure to talk to

business we turn to jackie sissel that is live in santa rosa on this >> good morning darya i am at the commerce car warehouse police are on the look up for multiples us but on this brazen armed robbery this is some of the video from last night slightly before a 11th to masked gunman made what their way into the area and took to the employees inside and locked them in the warehouse area they got away with and under disclose the amount of cave-it describes a method areas hit 25 of hundred dollar reward when. >> bell robbers came in and block the two employees inside and we don't know how much money they got away with the armored car folks are tight-lipped about it the last thing they won that at do is advertised as much money was taken. >> we're looking at the latest of london after four days of rioting they are making a rest more than a thousand people has been arrested even see the burned out buildings. several courts around britain have stayed open to deal with these offenders hundred his stores were looted four people were killed during the looting. parts of london were left in ruins. whe did

the commerce department reported a half percent increase in sales in july, which is the best showing since march. nine out of 13 categories showed a gain in sales with electronics, furniture, autos and gas at the top. sales for may and june were also revised upward, which could be a sign the economy is not quite as weak as previously believed. >>> a federal appeals court  this morning struck down the provision in president obama's healthcare reform plan that requires most americans to carry health insurance or face penalties. a three judge panel of the 11th circuit court of appeals in atlanta ruled the so-called individual mandate is unconstitutional. the administration is likely to ask for the full court of appeals to hear the case. most observers believe the u.s. supreme court will eventually decide the issue. >>> bart continues to warn commuters to be alert for possible disruptions by protesters in the coming hours or day. we are learning bart is going high tech in efforts to head off more rowdy protests over a recent failed police shooting of a man armed with a knife. late yest

the commerce department revised second quarter growth downward to just 1%. friday has brought fresh worries that a new bailout for greece could unravel after adams warned that it will not proceed with a voluntary bond swap deal if part is a patient falls short of a minimum 90% participation rate. the leaders agreed to a new $109 billion aid program for greece to cover its financing needs. santa to the greek plan is the bond swap deal whereby it -- central to the greek plan is the bond swap deal. so far, participation rates have been less than hoped for. >>, yields on greek bonds have attracted attention from around the world. most investors are european. many of greece is creditors are known. the biggest holder of greek gods -- greek gods. the european central bank is believed to be holding greek bonds worth 40 to 50 billion euros. the they are followed by a french financial institutions and german banks. the voluntary debt swap agreed to in july was expected to help greece said a 37 billion euros. that will not happen if offense cannot get enough investors

. >> did we have problem with the commerce department. >> they try to make the job numbers look as good as possible when they come out. when they -- >> you mean when they're bad, they try to make them look good? >> as good as possible. when they do revisions they find out the assumptions they made were inaccurate. they estimate how many jobs are created by companies that started. they estimate a certain number of startups, then they find out, guess what, they didn't have that number of startups. it's a statistical effort to make this, and they have overstated -- >> who is controlling their efforts to do that? is that just the instincts of federal workers? [everyone talking at once] >> they're bureaucrats, they're professionals and they are doing the best they can. this is no more a conspiracy than the media extra that you seem to think -- >>> know, this is politics! and it's not heal fum for his re-election. so a call comes from the white house. you can use a little different language to describe this? can you modify your terms? can you touch it up? what do you think? >> or bestselling

at one point sixteen percent after a disappointing first half results banks are up in frankfurt the commerce bank is in the leaders up around two. russian boars this hour in the black with energy and mining stocks among the main games let's take a look at them is the snapshot of the main moves on the mice still major seven star is gaining more than one percent after reporting a twenty percent rise in net profit for the first half metals mine another maker was no exception it's up to percent the company's board is meeting to consider making another offer to its major share. although roussel to buy back shares and major roles now there's also what the company's revenue rose thirty three percent the first of the year reaching around twenty two million. for investors who are keen to jump into the russian market at the moment peter weston from out on says the range of interesting stories is quite limited where you want to be if you have to be in russia it's going to be telecom selected consumers and some selected utilities select utilities difficult because you have the election side to it but i

the commerce department will release trade inventories and the labor department will have the latest on the job market a little later on this morning. randall? >> ashley morrison here in new york, thank you very much. >>> the first three members of the debt reduction super committee have been selected, all democrats. senate majority leader harry reid named senators patty murray, max baucus and john kerry. nine more members are expected to be announced next week, their job is to find $1.5 trillion in spending cuts to reduce the deficits. >>> the results of the wisconsin election are announced. republicans managed to hold on in four of six races. that leaves them in control of the senate. democrats forced the special election after governor scott walker pushed through a disputed labor law earlier this year. >>> just ahead on "the morning news" another american disappears on aruba. >>> plus on the run, the dougherty gang, three fugitive siblings may have been spotted in colorado. fugitive siblings may have been spottpot in colorado. [ female announcer ] we all want cleaner laundry. we a

reid: i ask unanimous consent that the commerce committee be discharged from further consideration of p.n.741 which is tkraeb -- debra herseman of virginia for the national safety board for two years. the presiding officer: without objection. mr. reid: i ask unanimous consent the nomination be confirmed, the motion to reconsider be considered made and laid on the table, there be no intervening, any statements related to this matter be printed in the record and president obama be immediately notified of the senate's action and the senate resume legislative session. the presiding officer: without objection. mr. reid: i ask unanimous consent that not withstanding the senate's recess the committees be authorized to report legislative matters on tuesday, august 30, from 10 a.m. to 12:00 noon. the presiding officer: without objection. mr. reid: i ask unanimous consent not withstanding the upcoming recess or adjournment the president of the senate, president pro tempore of the senate, of the majority and the minority leaders be authorized to make appointments to commissions, committees, boar

and the commerce department says that personal spending slipped in june for the first time in 20 monthsa good indicator. we will be watching the markets throughout the day, but right now the dow is down as we take a look there about 86 points. meanwhile the country needed a moment of unity. and we got it yesterday in the return of gabrielle giffordss to congress. the arizona representative cast her vote to help end that debt ceiling battle. it was her first time back in the house since being shot in the head in an assassination attempt back in january. dr. sanjay gupta noticed she wasn't moving her right arm much. >> this is what's sort of expected if you survive a head injury like this, a left sided brain injury controls the right side of the body. that's why the right arm is weak, the right leg likely weak. it also in part is responsible for speech. speech more specifically the ability to express yourself, to say words, to write words, to make gestures that are meaningful. so that is still part of her rehab process. >> meanwhile tropical storm emily expected to reach haiti by tonight

. >> susie: here's what we're watching for tomorrow: the commerce department is out with wholesale trade inventories for june. we'll also see quarterly earnings from cisco systems and macy's. and rupert murdoch faces a grilling by analysts and journalists about the recent phone hacking scandal. he'll take questions as news corp reports fourth quarter results. the white house unveiled today the first-ever fuel efficiency standards for big trucks like semis, buses, and other heavy vehicles. the obama administration says the new rules will reduce fuel costs and better protect the environment. it's estimated the new standards will save the trucking industry $50 billion in fuel costs, or half a trillion barrels of oil. but manufacturers will have to shell out billions to build more efficient vehicles. >> tom: with more and more americans accessing the internet from tablet computers, televisions and video game consoles, demand for personal computers is falling. market researcher ihs isuppli predicts more internet-ready devices will be made within the next two years, overtaking personal compute