"the wall street journal report" begins right now. >>> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >>> here is a look at what is making news as we head into a new week on wall street, a hopeful sign for the u.s. economy. the july employment report shows that the economy created 163,000 jobs last month, much better than expectations. the unemployment rate, though, did increase to 8.3%. still, it was the most jobs created since february. it was a busy week for federal banks, the federal reserve ended the week with no action, but a slightly revised statement, giving a strong statement should the economy weaken from here. the bank left interest rates unchanged and its president, mario draghi, did not follow up on his tough talk last week about refuse to go allow the euro to fail without any action. and all that in the middle of four-day losing streak. but the markets rebounded strongly on friday and made it back another blow to investor confidence as the u.s. markets were thrown into turmoil on wednesday. a computer glitch, which

"the wall street journal report" begins right now. >>> this is "the wall street journal report," now, maria bartiromo. >>> here is a look at what is making news as we head into a new week on wall street, some encouraging news for america's economy this week, the u.s. trade deficit in june was the smallest it has been in a year and a half, as lower oil prices curbed imports. america imported 42.9 billions worth of goods than it exported. >>> and trade is a c componenen gdp, and that could mean a stronger gross domestic product. we'll see about that. >>> and a stronger melt, the dow having the first winning streak in more than two months, and the window up for a fifth day in a row. first ti it happened in nearly five months, the markets up again on friday. >>> and we're toward the end of -- the news court met estimates, the retailers, macy's, kohls, and nordstrom beating expectations, jc penny fell short. >>> and the postal service reporting a loss of 5.2 biion for the third quarter, a sign of deepening problems, and mail volume is declining, the post office has expensive obligations to

the "wall street journal reports" begins right now. >> this is america's number one financial news program. the "wall street journal report justice. now maria bartiromo. >> let's look at what's making news. inch by inch the federal reserve moves closer to action once again, but it's like watching a snail's race. in the minutes released, the fed's open market committee changed key language about steps about helping the economy. the market's reacted with a big yawn to the fed statement, the s&p 500 falling back from the post-final crisis high reached earlier in the week. we're at the tail end of earnings season and the news has been grim. del computer beat expectations, and hewlett-packard also bet estimates and lowered expectations. apple game the most valuable company in the world after the stock price his $665 on monday. the company is now worth more than $623 billion. beating the microsoft hit from 1999. what does it all mean for your portfolio? joining me now is alson ison ze. the fed are suggesting increased option from the federal reserve. do you think they will create more stimulus?

the wall street journal report begins right now. >> this is america's number one financial news program "the wall street journal report." now, maria bartiromo. >> here is a look what's making news as we head into a new week on wall street. inch by inch the federal reserve moves closer to action once again, but it is kind of like watching a snail's race. in minutes released from the last fed meeting, the fed's open market committee changed key language that sent a signal to the markets that it is preparing new steps to boost the economy, but it did not say when or what those steps may be in terms of that stimulus. the markets reacted with a big yawn to the fed statement. the s&p 500 falling back from its post-financial crisis high reached earlier in the week. the dow having its worst day in a month on thursday though it did rebound on friday. we're at the tail end of earnings season. the news has been grim. dell beat expectations but the company offered a gloomy outlook. hewlett-packard beat estimates and lowered expectations. best buy earnings fell 91%. the company stopped offering any

"the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >>> here is a look at what is making news as we head into a new week on wall street. some encouraging news for the u.s. economy this week. u.s. trade deficit in june was the smallest it has been in a year and a half, as lower oil prices curbed imports, america imported $22.9 billion more worth of goods than it expected. bitter than what economists were looking for. and better than expected trade numbers could mean a stronger gross domestic product. we'll see about that. a slow market melt-up meanwhile continues. by wednesday, the dow had the first four-day winning streak in more than two months. >>> and then on thursday, the s&p 500 was up for a fifth day in a row, that is the first time that happened in nearly five months, the markets were up again on friday. we're toward the end of earnings season. most media companies out disney beat expectations this week while news corp. met estimates. macy's, kohl's and nordstroms also bea

"the wall street journal report" begins right now. >>> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >>> here is a look at what is making news as we head into a new week on wall street, in spite of a sleepy summer season, the u.s. stock market had the strongest rally of the month on signs that the broader economy may be improving. retail sales rose in july, the largest in a month, consumers spending more than 400 billion. among the retailers reporting earnings, home depot, macy's and target, all beating expectationings. walmart, however, included a warning in the release that american consumers are buying less and buying closer to need. germany said they're doing everything they can to maintain the euro, the remarks sent the european markets higher, putting the dow at the best number in four years, in spite of the low volume of august trading. >>> and a status update, social network facebook reaching new lows this week as investors were free to off load their stakes, facebook is off from the debut. >>> and changing the way we w

"t ""the wall street journal" report" begins right now. >> here's what's making news heading into a new week on wall street. in spite of a sleepy summer season, the u.s. stock market had the strongest rally of month on the signs the broader economy may be improving as well as more central bank easing. retail sales rose nearly a percent in july, the largest gain in five months. consumer spending more than $400 billion. among the retailers reporting earnings this week, home depot, macy's and target, all beat expectations. walmart, however, included a warning in its earnings release that american consumers are buying less and buying closer to need. chancellor angela merkel said germany is committed to doing everything it can to maintain the euro. her remarks at a canadian appearance sent markets in in europe an the united states higher on tuesday, putting the dow in striking distance of its best number in four years. and social network facebook reached new lows this week as early investors were free to offload their stakes. facebook is down nearly 50% from its debut ipo. apple may be plann

he was tipped by the "wall street journal" -- the "wall street journal" editorial page which has kindsked for him to run against john boehner to run the house in 2008. i mean, when he was 38 years old. so he's very much a chosen one. and there has been, i think, a little bit of a mobius strip of re-enforcement. they've convinced themselves that he's popular. they have little data points they point to to say that -- to prove that he's popular. democracy corps, the james carville group, put out a poll and asked voters the most positive spin on the ryan plan. described the he ryan plan in glowing terms and 52% of the people liked it. the point is more people didn't like it. >> paul ryan doesn't have a district that's overwhelmingly republican. so he's had some success in an area in which he does have to win democratic votes. karen finney, the ryan budget seems like the proverbial albatross around the necks of mitt romney and the rest of the republicans. although i also feel it hasn't been as central to the campaign thus far as i think i thought it would be given how central the republica

clint, i see the "wall street journal" wrote this article about you. adlined, a revolution against tv. trying to take my job. >> no. i believe it created this direction, the way that we get started. kodak has a moment to years ago where they said, you know, we are felt. we are just going to do film, and somebody else to do is a ticking that there was stay in business to let you know how that ended. it only took him to christmases to lose their lead as the almighty kodak. somebody is always speaking of a better way to do it. technology is now moving so rapidly that i think the old delivery system of television is fundamentally transforming both the. india sure you an example? year on the set if you come over here this is an original color camera. this is the first color camera of the other side. i had to take the logo of. it's from nbc. from 1854. only about four of those left in the country. if you delegate this television camera, don't even want to tell you how much that costs. this is about a dozen dollar camera. now with the canton, i think is the c3

even though paul ryan says the hearts fluttering a very conservati columnist -- "the wall street journal" editorial- page gives them wet kiss every time it turns around -- he is lying at a different altitude piteous getting scrutiny has never had a "the wall street journal" reveals there were four tters to the energy department requesting stimulus funds, even though he said he neve -- he said he d never done it. he vod tofor the iraq war unfunded. he will get the kind of scrutiny that a president gets deservedly and rightly so. we will find out what he is made of. >> that is what democrats want -- read the oppo research h and run on that. the idea of running on medicare a plan, a budget, is completely alien. the ministration has run away from a the issues for a full term. >> evan? >> i agree that -- he is a congressman. not too many congressmen have been in that position. he has never really been in the majors. i do think -- it did not happen this week -- he does have a chance to elevate the debate here. my only hope for this election which has been basically been in the mud and on the l

>> even though he sets hearts fluttering among conservative columnists -- "the wall street journal" is royal page gives him a wet kiss every times he turns around -- he is getting scrutiny he has never had a "the wall street journal" revealed he sent four letters requesting stimulus funds even though he said he had never done a bit he voted for the iraq war unfunded. all of a sudden he is going to get scrutiny, the kind of scrutiny a president gets, deservedly and rightly so. >> that is what democrats want -- read oppo research and run on that. the idea of running on medicare, on a plan, a budget, what is sustainable and what is not is totally alien to an administration that has run away from all the issues for a full term. >> i agree -- he is a congressman. not too many congressmen have been in that position. he has never really been in the majors. i do think that, although it did not happen this week, he does have the chance to elevate the debate here. my only hope for this election, which is basically been down in the mud and on the low road, is that a greater conversation about of

peggy noonan from the wall street journal joins us now from tampa. what should it be, peggy, go for projecting romney the man, the family, or the issues? what do you say? >> well, i think governor romney has a number of things he has to do in in speech. one is, as you say, present himself in a new way, in a sort of unveiling, as a human being who has lived a certain number of years of the world and who has a certain history. and so, of course, that history and who he is as a person is very pertinent right now. and americans like to know who their presidents are and like to get a firmer sense of him. so they expect him to tell them his best story of who he is. and at the same time, of course, people will expect him to be serious about policy in this way, you've heard who i am. i'm going to tell you what it is i think we have to do as a nation. how i think i can do it. and why i think you should follow me in this great endeavor. so, all of these things can easily, not easily, but all of these things can be done in a speech that will probably go about 45

"the wall street journal" published the story about this before beijing was approved for the olympics that year. for 2008. so this was known, the olympic committee knew about it, and beijing won the olympics anyway. i think if you're looking for an anecdote about how serious our engagement is in and if we're really trying to improve society over there, you know, everyone likes to think the olympic games are about, you know, building relationships and making the world better, and i think this is a great example of how -- and they didn't lose any sponsors either, by the way, right? coca-cola still spent millions and millions of dollars sponsoring those olympic games even with that kind of information in hand. and i guess the last anecdote at least on the human rights issues that everyone knows about the one child policy in china where women are only allowed to have one baby in their entire life, and if they get pregnant a second time, they're forced to have an abortion and then usually forced against their will to be sterilized by the state as well. what a lot of people don't know about

"the wall street journal" endorsed paul ryan. ial teamoints out several huge factors, weighing in ryan's favor. he is a generational choice, meaning he is willing to tackle the entitlements and he represents the g.o.p.'s new generation of reformers, including governors such as louisiana bobby ginneddal and new jersey's chris christie and they compare him to ronald reagan. joining me more with the possibility, the co-host of "the five," eric bolling and kimberly guilfoyle. great to see you. what do you think. e >> in i -- you know, i like him a lot. i met him here. he's a thoughtful person. he has a lot of ideas. he is solution oriented. he doesn't just see a problem special throw rhetoric at it. he has specifics, which i like. he wants to focus on limited government. he wants to cut back on the entitlements and spending and get our fiscal house in order. that's something we need. but will have -- will it be the right choice? >> i like him. i like him a lot. governor romney has to light a fire. i mean, the portman pick or the pawle

this is my thursday column for the wall street journal. it shows the desperation that you turn something in every week. [laughter] i must admit i am completely mystified by the obama campaign. because the campaign is dominated the presidency and not the other way around. that is low by column will be about this week. >> it is a bad economy and he is even. that is good, right? >> no. he cannot take himself above 50%. the other guy will get better- known and more accepted. >> how do know that he will get more accepted? >> it is just the nature of things. how many people have had a lousy convention? 1972. a convention for a challenger, by and large, with few exceptions, the people are going to find out things about mitt romney from a personal perspective. there was the candidate flipping campaign -- flipping pancakes and having an exchange with his wife talking about when she was ill and he was running the olympics and what he did. people saw a side of him that they did not see. that matters to the people who are up for grabs. tax cutst know a

thank you to the "wall street journal's" carol lee for being so patient with us today. d akin, paul ryan's record, party in-fighting and obama campaign bracketing. are republicans prepared for the storms not named isaac at next week's national convention? we wade through the wisdom with chris hayes, ahead. >>> for 2,061 days since january 2007, governor mitt romney has been trying to become the republican nominee for president. it now looks like he'll get that title sooner than unusual. a convention spokesman confirms the roll call vote to nominate him will take place in its entirety on monday rather than wednesday when it traditionally happens. the campaign is apparently trying to mitigate any problems caused by any ron paul supporters who still may not be on board with romney. each day will have a different theme. monday's focus will be we can do better, talking about jobs, poverty and debt. tuesday is we built it, based on a line taken out of context from one of the president's speeches on entrepreneurship. wednesday's theme is we can change it and thursday concludes

he published a piece "the wall street journal" putting the spotlight back on the business experience this interview as just a diversion. mitt romney, what i learned at bain capital. he had a fluffy interview with the same paper how he intends to sell himself at the republican national convention next week. he said "when appearing before crowds at stops, mr. romney says he does not think what can i do to portray myself in a way to appeal to the public. people he referred to his roles as chief executive of bain capital and the head of the '02 winter olympics. so he says i don't have a plan to take everybody to my childhood home and say here's where i rode my bicycle. people have hired me in the past have been pleased that they did. so on one page of the "wall street journal" today, he's relaunching his time as ceo of bain capital as his relevant for being president of the united states. on another page, he is bringing back his massachusetts governor record saying people who hired him, meaning elected him for that job, were pleased that they did so. the people of massachusetts were not

i work for "the wall street journal" so of course i'm going to defend wall street. i would submit that our defense your honor boils down to this. it is the wrong people and the wrong institutions that are being put on trial here this afternoon. now let me start by saying, by making some admissions about some of the mistakes that were made by wall street. we are all angry about what happened in 2008 and 2000 the massive losses. we are all angry at the excesses of wall street and i will acknowledge the fact that mr. frank made that there was excessive paid to ceos, that there were parties held by many of the members of wall street, that there were criminals and crooks like bernie madoff, by the way they are in jail like they belong. but i think it's important to understand that wall street plays an incredibly constructive role for our economy. in fact i would say that wall street is the central nervous system that provides the seed capital that makes our 15 trillion-dollar free-market economy operate and grow. what does wall street to? what makes it such an integral pa

mark zuckerberg, according to "the wall street journal," conceded it may be painful to watch his investors continue to retreat from facebook stocks. the value of shares have fallen from $19.1 billion to just over $10 billion. i think the smallest violin in the world right now is playing for mark zuckerberg. but investors who have been locked in the stock have really, really suffered at this point. >> they have. yesterday we talked about it and you made a lot of the fact that i said it was a broken stock. it's down 50% from its ipo price. we focus so much on those early days on nasdaq's problems, on whether it was morgan stanley that was responsible. but here we sit roughly three months out from the official public offering and it's facebook's problem at this point as they deal with this overhang of stock that's going to continue for some time. yesterday the sellers were more likely -- the unlocked shares were more likely to be sold because they were people who sold some of the stock in the ipo, they were the early investors but there's a lot more stock to come. >> i predict there will be a

rick santorum has an op-ed peace today in "the wall street journal." he return of welfare as we used to know it." he says -- host: that is in the local the wall street journal" today, written by rick santorum, will be speaking at the republican national convention today. independent line. good morning. caller: the person i am looking forward to hearing talk is in jet bullish. he is the only one that stands up to his own party and tells it like it is. host: what message do you want to hear from him? caller: um, i am not really sure what message i want to hear from him, but i want to say something about mitt romney if i can, or ann romney. mitt romney has polygamous ties in mexico and utah and he has polygamous-style homes that are really huge. host: i do not think anyone has verified that. . he has talked about his mormon -- verified that at all. he has talked about his mormon faith. bill, louisville, ky. caller: i have been calling this program cents ronald reagan and del monte dell debated. you are a big improvement over brian lamb. i'm a libertarian.

today two heavyweights joined in the "wall street journal." there they are. e "wall street journal" editorial page asked why not paul ryan? and politico today, rich lauer, the editor of national review, another conservative organ, counsels romney don't fear ryan. but should romney fear the right? robert costa writes for the national review a great magazine. a and. welcome back. i want to start with you then you. jump in here. you guys are on the right. i'm not. is this a move to show they got the muscle or is this a move to help them get the nomination means something by winning with it in november? >> little bit of both. for a long time there's been a rising discontent on the right that romney's running a campaign that's a referendum on the economy. a push for paul ryan is making a choice on fiscal issues. facing this country. they're saying romney you've got to play more aggressive, ryan's that play. >> instead of waiting for the bad numbers to get worse which romney seems to be doing. i'm not talking about -- avoid mistakes, let the numbers do their talking

holmes new ones unexpectedly fell in july that's according to the wall street journal they say unexpectedly and say this is a reminder of the housing market's weakness despite some recent signs of recovery i doubt this would be unexpected for you as you've been talking about problems of the housing market for a while what is before we get to the details we'll get into those what are other people missing that you're not that you're seeing. i think it's a combination there's a lot of wishful thinking from a lot of people out there there's another group of people who've been calling the housing bottom every year since two thousand and five and i guess if they call it every year for the next ten years eventually they'll be right that we posted something on the big picture a few weeks ago that basically went back over the past six years and just reproduced every housing bottom call from everybody from mark zandi who's been horrifically wrong about this may be the single worst economist when it comes to housing to the national association of realtors to the wall street journal a lot of people wit

and bret stevens, columnist for affairs in the "wall street journal." tell me about what -- i guess you'll agree with the column of don freedman from a couple of days ago when he says "much of what is wrong with the u.s./israeli relationship can be found in this romney tripe. in recent years they've decided to make israel a wedge issue to garner more jewish and evangelical votes and money, the gop has decided to out pro-israel, the democrats, by being even more unquestioning of israel." he end by seeing, "stop using this as a photo op for fundraisers. stop making things worse by telling israelis things they want to hear to grovel for jewish votes and money by blatantly avoiding the other side." i take it you agree? >> yeah, i don't think the romney trip was mostly about american jewish votes. a small percentage of american j jews making it a voting issue. of 4%, most probably already support romney. i think it was really as thom ad friedman mentioned, it was donor maintenance. it was basically romney has a small number of very rich american jewish donors

up first "the wall street journal" kristin grind exams collapse of washington. from african-american owned businesses. coming up next, "the wall street journal" reporter kristin grind exams the 2008 collapse of washington mutual. the largest bank failure in u.s. history. she was a pulitzer prize cofinallist for the coverage. from seattle public library. it's about an hour. [applause] well, it is so wonderful to see a great crowd here in one of america's great public libraries. and a reminder why the commons are so important, and so welcome my friend kristin grime back to seattle again. sorry there's no big bank failure today to cover. >> lovely weather. >> well, i'm from phoenix, endless sunny days make me depressed. i'll get by with the weather for now. "the lost bank "is a must-read if you understand not only what happened to washington mutual which was a huge trauma for the city a trauma that continues but had broader policy implications for what happened to the great recession, and how banking contributed to the meltdown. there were times when your book reads

columnist for "the wall street journal," peggy noonan. chief white house correspondent and political director chuck todd. democratic mayor of atlanta, kasim reed. and we welcome to "meet the press" for the first time, tea party backed republican candidate for u.s. senate in texas, ted cruz. he'll be one of the main speakers at the upcoming republican convention in tampa. welcome to all of you. mr. cruz, let me start with you. big deal when you won your primary fight, one of the biggest political stories of the summer, big party down in texas, obviously. as you won, there was a big rally for you. because of the tea party's strength here in another campaign. this is a headline in the dallas morning news. party crasher, it said. cruz rides the anti-establishment wave, surges past your opponent. i want to start with you because you heard governor o'malley talking about paul ryan as part of the tea party obstructionist house of representatives. is the real ryan effect to you that we have seen the tea party re-emerge now in this campaign, and o

. >> the wall street journal proved one thing, john, that the government claimed 732,000 jobs and wall street journal went to the so-called jobs and called people up and went to the various projects and found only 300 where as the obama administration said there were 7000. >> you can always point to jobs that government creates, what is left out is the job that is government destroyed by misallocating the capital fumpt want to be a job trainer for the government can have a clue about what businesses are going to need in the future to train workers is laughable. this should notine be discussed . >> hold on, rick. >> i don't understand how they can't know what jobs are needed. >> they work for a burrcracy. >> you may argue that they have a brain. i believe they can get the information and figure it out. anything and everything the government does, you guys say are terrible. >> not true. wait a second and that is not true. >> even a bar and claw. >> i know what you are saying, you are painting a broadbrush. we never said everything that the government does is bad. in instances like this t

>> the wall street journal has verified it. nton will be speaking at the democrat yuck national convention in charlotte. he'll make the case for why president obama is following along in the same policies he advocated. [ laughter ] >> yes, he will. thirdly, you mentioned larry the wall street journal portion op-ed from mitt romney today. if you see a problem you have to run to it. that's the opposite of what mitt romney has been doing. he's been running away from bain, his tax returns, the todd akin story. he comes out with birther nonsense because he wants to talk about anything other than the reality of why his campaign is failing. >> is there anything stranger than having bill clinton introduce barack obama? in speech after speech barack obama has ripped the '90s and '80s as being an era of inequality. everything other than the tax hikes the thinks were a huge mistake. >> i think he'll give a great speech about bill clinton. >> no, no. it will be the -- >> he's closer to barack obama than to george bush and mitt romney. >> bi

that the london whale was encouraged to boost london whale trade valuations according to the wall street journal by his boss while bank of america is in the thick of the live work progress leaving subpoenas for information from investigators over how the bank that live also r.b.s. has dismissed four employees for reportedly trying to rig lie board and set aside three hundred ten million pounds to deal with the bank's misdeeds so given all of this just a litany day after day of bad deeds by banks should average folks get out of the ring to casino and where can they go we'll talk to michael krieger principal of krieger asset management let's get to today's capital account. by now dear viewers you probably already know the nuts and bolts of the u.s. jobs report from the b.l.s. for july they came out today i mentioned the headline numbers at the top of the show what i'm more interested in is the choose your own adventure story they lend themselves to this is a good jobs report just listen to the treasury market is acknowledging putting more concerted knowledge that these numbers are a bit better tha