>> i think we shod wait until the end of theear,cy see how the stimulus is working. if it's not working well enough and we thi the economy needs more help then, yes, another round stimulus for the economy would be hpful and somethin directed toward small business wou be great. >> sus: we have to leave it ere. thank you, mk, have a great weekend. >> you. >> susie: my guest tonig is markandi, chief economist. paul: after four straight da of gains, wall street spent most of the day slightly low on light profit taking wit better than expected resul from bank of america, tigroup and g.e.ushioning the losses. at noon the w was off 12 points, the nasdaq down eit poin. the mild selloff connced some buyers the path of least sistance was up so a late rally produced a mixed cse. the dow jones ended wi a gain of 32. at 8,743.94. it rose every day this wk, advancing 597. points. itbest week in months. the nasdaq add 1.58 to 1,886.61 today. it also rose every day ts week for a net gain o130.58 points. the s&p 500 fell36 to 940.38 today. and for the week up 61.2 in the bond markett

as many times as we've talke er theear, i've alws ha a sense, and i got that through the magazine tt about motown that rubs you raw. there's something abo the telling of the sto of motown that you were unhappy with and yowere always intent on lling the story the way you think the story was tbe tol at is that thing about the tellg of the story thatou don't like whic makes it so important ich -- for you to te the story? well, you know, motown s alwayseen like aathery tail. we didhings differently at motown. it started out -- it's ahole big story. what happeneds -- you're going to need lot mre te. but -- [laughter] >> because every story that tell it'sike a branch. it goes out lika brah and it spreads out. andhere's another story d there's a sto of diana. there's a storyf the temp taons. there's a story of the fun brothers. when y simplifyt,t was just a -- a magical tng tha happened. and i- i feel that it had a lot to d with justify ls fis, stu that i had lrned as a kid. u know, it's so my different stories. but the truth w never tol and so after 50 years, i decided, well, w wld just ki

and began by asking him if increed productionhis quarter suggests stronger sales for the rainder of theear. >> yesit does and tw main reasons, diane, one is tt we believe that economicctivity inhe united states will start to incase in the thirduarter and th fourth quarterut in additiono that, fd is continng to also incase i market share basedn the stngth of our new product so based both of ose perimeters, we have givenuidance so we're going to irease our producon. >> you talked about improving market sharen the secon quarter, who did you grab market are from? >> wl, it's very interesting. it's reay from everybody, from our competors here in t united stes and als from our panese competitors. i think, again, it's a rea stament to the strength of o new product family. >>alk a little bit abo you products. you're briing out a number of products over the next 18 months what do you real think are going to be th big sellers? what dyou think is going to renate wi csumers? >> we're staing to see that ready. the fsta -- our smaller vecle -- is off ta phenomenal start in europend in china and comes in

tson reminded us, as abraham incoln once said, that "in t end, it's not about theears in your life that count, it'the life in your years ors the baseball pitcher satchel pae put it, "how old wod you be, if you didn't know how old yoare?" > and on tha philosophical note that's "worldfos" for a mondayight. a reminder that y can watch all or part of the progra anytime on worldcus.org. we hope u'll join us there tomorrow nightor our weekly blogtalk radio program i martin savidge in new york. have a good night. thank you vy much. we'll lo for youomorrow and atime on the web. until then have a goodight. >>> "worldfocusis made possle in part by the following funders -- -- captionsy vitac -- www.vitac.com

publicans still have not agreed to let theearings go on in the afternoon when the senate is doing business, and it is not clear how obstructionist the are going to be and wheth they will p a penalty of they are i am not sure they figud it out, eitr. this is not a three-rg circus in wasngton this summer, thi is a0-ring cirs. we've got supreme cou nfirmation, health care, climate bill, we'vegot all this stuff on foreign policy. >> all right. it senator al franken, iou delays, and soon-to- former gov. sarah palin. >> it would be apathetic to just hunker down and go with buffalo only dead fish gwith the flow. >> alaskaov. sarah palin decided the best wa for bd to serve the state thashe loves is to resign office. >> i cannot stan here as your governor and allow the millions ofollars and all thetime go to waste so i and all th title of governor >> in other words, you can take this job and sho it. before we sta on sarah palin, o seems to inspire great devotion or bile in equal easure, let us look at the governor thugh a different lens -- her uniqueness. you are in an airplane, it crashes in a wil

environmentaminister is callg for indurialized tions to reduce their grenhouse gases byup to 95% by theear 2050. th's a tall order for factory ners and industry leaders in germany, who say the cts will make gern industry less competite. th believe europe isn't the problem anyway. urrently, the u.s. and china eachccount for abut 2 of the world'sarbon dioxide emissions. germany emits about 3% but has alady reduced its co2 output more than require by the kyoto protoc. power plants and other industrialized cotries in the will haveto buy emission certificates to cver their complete co tput srting in 2027. they claim that will add about 10 billion euros to total aual osts and that germany would lose business as aesult. >> that was deutsche welle. for more where the world stands on the issue of clima change and glol warming, we're ined once again by michael novacek, provost oscience at the erican museum of natural history here in new rk. good to have you back. >> nice to be here. let's take a step back. ere do we stnd? and are we making ay real headway wn itomes to this issue of obal wming? >> ll

way we sicter medical ce, there not enough money in the united states of america to pay forit as theears go out. >> two quick points -- five out of six aricans have health insurance. threout of four of them, acrding to survey aer sury, are satisfied rather than dissatisfd with their health coverage. what you have t do is convince those pele not only that we have to cover the uninsured, but th is going to be an improved system, a that theyare not going to be broken bit. i think whe the predent -- i think he has been trapp, quite honestly, i did cbo numbers. he has to ke the case that this is not just looking the een eyeshade members of the goverent's, it is th economy. health care is kling the economy is not just knocking the budget. that is thecase he has to make. quite honestly, it is up to the president to do it, and i think he missed a golden opportunity this past week. >> but t president aues tha healthcare is kling the economy, the costs are, and he is right, absolutely right. nd then he proposes heah care reform that the o is telling us is gog to add $1 trillion. you do not cut cos

eveven rere dficultnn the cocoexext of a g gbabal recessi whwhh h i ink dsdso the fears ththatomehow theears w wl affect gbal economic owth.. wewe can eitherhahape our futur w we n let events shape it t for us. fallacack on ee stale debates and olddivisions oree cacan vivi too m mov forwardand memeet "t challenge" together.. it's clear from ththerogress todadawhwhic patathis preferabl anwhwhh p pat w have chosen. you know theprprobms we face arare dedey human beings. that means it't's ththinur capacici t to lve them. the question ishether we will ve the will to dso. whether we will summon the cocoure e anexercise leadership to chart a newcourse. at's theesespoibility of our neration and that must be e ou legacy. i lolookgg forward to beiei a strong partner.r. withth that, letee turn it o or toto kin who i think h h a significant annououncenenthat -- >> we will step aside beforor e ime minister gets stted.d. presidenent amam wrarappg g th g 88umummi that i if anything brbrout greater rethat stillll exist on climate, trtrad a a jump-statartg g theconomy withh the gg 8atatio and d delelopg coun

i believe that theearings will mte less than for the several previous nominees or at the least, that these hearings ll bear outwhat is obvious about her. that she is modest and humble in her approach to judging. as we become even mo familiar wi her incisive mind and balanced views, i am certain that this heang will prove to all what is already clear to many. this is a moment in which all americans canake great pride. not just new yorkers, not just hispanics, not just women, but all americans who believe opportunity and who want for themselves and their children a fair reading of the laws by dge who understands that while were a nation of individuals, we are all gorned by on law. mr. airman,eople felt at the founding of america that ware quote, god's noble experiment. judge sotomay's personal sry shows that oday, more than 200 years later, we are still god's noble experiment. thank you. >> senator schumer and now senatorllibrand -- the other senator from new york. please go ahead, senator gillnd. thank y, chairma leahy, ranking member sessions for t privilege to speak on behalf of jud

tonight barbara harrison takes us to meet this year's foster parent of theear from the district of columbia i was so excited and so nervous. >> reporter: 30e6r children called her mama over the last 28 years. nothing in her life that could have made her happier. >> i just love chirn. i want, you know, to be safe ask have somewhere they can call home. >> reporter: it was her grandmother that taught her to care about helessbochendrils. seen here at 98 with her family, her grandmother took in abandoned and orphaned children most of her life. >> they didn't call foster parents back then but that's what she did. she took in children and families from north carolina and different places, came and lived with us. >> reporter: betty decided she wanted to do the same. >> at first i didn't know if i had to -- what i have to do, you know, you know, what is consistent making a foster parent. it was fairly easy, you know, said to have the love of your heart and room for the children. so this is how i started out. >> reporter: most have come and gone. but three who stayed, betty decided to adopt. >> when

. >> reporter: one investor who has had theear of the president is warren buff et, the so-called aurasecond stimulus but focused on economic growth. >> our first stimulus seemed like taking a half a tab lot of medicine and having a bunch of candy mixed in. >> reporter: in congress many democrats are cool to a second stimulus. >> i'm committed to the first stimulus. i don't think it's been given all the time to work. >> reporter: republicans are exploiting what cld turn out to be a political achilles he'll for democrats. >> given the fact unemployment continues to rise, we probably could have created ten times as many jobs as they have because their plan is not working at all. >> reporter: many retail chains including target reported disappointing june sales, a bad sign for the economy because consumers are spending less. viviana hurtado,abc news, washington. >> investigators west of detroit say crossing lights and gates were working properly before an accident that killed five people. an amtrak train struck the victim's car and witnesses told police they thought the car drove around t

second half of the year,ut our best guess, and its oy a guess, is thatrowth in the second half of theear will be abou1% on an annual basis.aÑ so that's not enough to bng down the unempyment rate. so ourrojections - the federal reserve - the members the federal opemarket committee, which ithe committee that sets monetary policy, pu out forecasts or projectionsour times a year which are plicly available,nd our projections suggest that the umployment te will probably keep risin probab a bit above 10%it'll peak early in 2010, and thn - we could be wrong. it could be a ronger recovery han that. but you're absolutely righ that en after the economy arts to grow again, and were hoping to see that inhe next thirdnd fourth quarters, it'll be a while beforthe labor market, the jomarket, is back to where we want it to be >> lehrer: sudrakeford has a uestion that's also related that. >> hello. my name is sue drakeford. i'm a banker at hillcresbank and a board mber with the asn american chamber of mmerce. when this going to end? that's my question. >> that's a great questioalso. (laughter well, there'

>> theearings themselve i think dn't say...hey didn't say very much. >> rose: (ughs) "you're wasting many i time. >> they sa yoreasting my time. there were a lot of damics going on. one dynam is that clearly the confirmion aring has become intenly boring becae nominees are coached to say absolutely notng that's controversy. and with each nomination the number of controvsial statements has gone dn and down and down. and sotomar, if you took her comments, she sounded likshe cod be aconservative jurist. w, we know that's not what she is. but republican would say doyou ink judges should just apply the law, never brin their personal feelings into it and she said "absolutely,ust ply thlaw." that's carly not the overa vision of liberal jusprudence and 's not the kin of judge she's going to be. >> rose: d you think that most judges don't sehow have deep in their d.n.a. their le experiences? even though th don't acknowlee it, it comes play in how they seethe law? >> of cour it does. i thinquestion, though, is to what eent do you tn turn

ti in to the global e expsisionhat wewehihink thats unfolding a a w go throughgh t second half of theearnto220. tt as yohave iicice, not -- if we d do seeee a lowererre covery, which is what we expect, then there is going to be less grorowttotoo around. anand ererore, you're going to have e be sectcte on the invidual companies thaha you pick. >>>> right.. david, ithe cyclical material l trade over? i'd say teororary. the dmdmodes pacee has had augug run n up for r mme, it's aarar of ththe market ilike. itit not a u. orory. itit'snn asianstory, a chinese orory specifically andnd there s actually more to thth decoupling storyhahan met theeye.e. anani believe there iss story in asia that feedssacack into te cocommity complex and that's one area that i'mm iolved in long-term. w the so stockpiling overdone or overprpyeyed? anand i i was real, i i over now. >> i sak to pepelele coming back from china and they're extremely nervous. these are people that k kw moro than dodo. time will tell. there's no questioion that thos import numumbe were ththugugh t ofof. it's helpfululhat the enomy was able

i thinkk theear term,, we would bebet about t 50 on thes&p. nick, what do y youakakof whatobober issaying?? i don't share ttt degree of optimism. i me, theood news in the mbers is they're getting worse re slowly.y. we had four consecutitivencncree in theheism s serces and it is still at a level tt't' consistentnt wh h coraction in ththe onomy. yesterday y the e s only one component of the ism services index anddhahat sriris paid that w w a abo the 5 50break evn level. evy y ngle component w was wer than 50 and everyryonon of them hahas en lower tnn 50 for the la fourcocoecutive monthshs. now, it is goodnews. >> nick mes a great point.. >> let's no forget that things arare stillgetting worse. >> but a at lesser pace. and what you hahave t to is you're not g goi t tsee a turn ououndn the dime. anani agree with nick,e'e're still poinint g ga contractionn howeweve t the contrtrtitions getting less andnd ihink that's the sign o real rerecory. >>>> aolute fair popot.t. lookining rwrwar ouough i' got to questionn markas t whwhheher is consumer ledd r

. >> talk about theear factor. this really quick question about this cash for clunkers progra we shodmention, this thi had $1 billion in its cofrs given to it by congress. the idea that it's run out in four days, essentially, what does that tell us about the ecomy, and what -- how -- how did the administration -- how much pressure is on the administration to actually put morse money in this? >> itoes to a point of how big the hole is in the economy, even with the amount of stimulus that we have so far, that there gng be calls for more stimulus because e money can dry up. the consumer really doesn't want to spend unles there given tremendous incentive to do that. this was a program that was made to bolster sales for the auto companies which are hurting desperately. so to have a proam run out so quickly, a sign of success, but a sign of tremendous need, too. david, what's coming up this sunday on "meethe press"? >> more onhe economy, the future of theeconomy, the top economic adviser to the president, larry summers t