jeff, a new iphone could be huge for apple but also this united states economy. >> oh, absolutely. you know, the anticipation is building to this announcement in san francisco. 10:00 a.m. local time tomorrow. everybody is excited because it will be good news for carriers like at&t and verizon wireless. there's a piece of research out suggesting if they manage to shift 8 million of these phones through the remaining part of the year, we could see at least a.25 or .50 contribution to u.s. gdp. that would be quite something. there are a few clouds around the launch. one is on labor issues. whether they are using intern students to build these iphones. that's just one of those other stories out there that may be taking the gloss off the big launch announcement tomorrow. we are all looking forward to find out what the new iphone 5 looks like. back to you. >> we'll keep an eye on it. still ahead on "way too early" the legend of the 9/11 surfer. reports on the days, weeks and years of a man inside one of the fallen towers who survived by riding down a slab of concrete. is it true? a new d

to europe western europe that would be devastated i don't think that that would benefit the united states economy in any way shape or form i think these are political interests who stand above government above state and use the instrumentalities of state state department pentagon and so forth to pursue their own private agenda i think the scheme is utterly mad i think the whole bush plan from from two thousand and three for the greater middle east project which this is an extension of the whole arab spring is an extension of that state department project. to break open these these state regimes these monarchies in the middle east open them to privatization of the oil and other things and literally cream. the kind of chaos that was created in many countries in eastern europe after nine hundred ninety with the collapse of the soviet system so we're dealing with an instability that has the potential i think to get out of control of anyone so you saying that there's the shadowy figure of big business behind the crisis in syria not big business i'm talking about big oil but there are only four compani

trillion dollars would have been drawn out of the money market system of the united states would have collapsed the entire economy of the united states and within twenty four hours the world economy was shell shocked congress was given a three page plan in essence it gave paulson total control to spend seven hundred billion dollars some saw it as a power grab others sold a deliberate creation of the crisis to push through a corporate agenda. troll the media enough to ensure that the public will not notice that this bailout will and get them for generations what was unique was the refusal of congress to hear any testimony from expert witnesses or to have eric billion dollar bailout for wall street is being driven by fear not backed this is too much money into short a time going to too few people while too many questions remain unanswered why aren't we asking wall street to clean up its own mess when we passing new laws that stop the speculation which triggered this why aren't we putting up new regulatory structures to protect the investors how do we even value the seven hundred billion toxic assets why are we dire

at one point saying in the his remarks here that china's economy is growing faster than the united states. russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president. >> jim, one of the things i noticed, too, that's different here, virginia's unemployment rate is much lower than the national average. you're talking about a national average of over more than 8%, virginia hovering in the 5% range or so. is his message of creating more jobs. is that really going to resonate in virginia? >> reporter: that is why i think, suzanne, we heard him talking about defense jobs. as he was putting it here a few moments ago, if the sequestration cuts happen -- you hear it here

but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job inhis country. for every million barrels of oil you import, you don't, you save, for five million barrels a day you would save about 2 billion barrels a year. $200 billion. so, that is where your $200 million comes from. it takes place over three or 4-year period. david: howard, you're something who is in the industry and obviously has a personal interest in bringing up gas and oil from fracking. however, you have a ph.d from harvard. two degrees from yale. you know how to talk the talk. you don't think all regulation is bad. what regulation works in your business and what doesn't work? >> good question. so the reality is these technologies, horizontal drilling, fracturing, they're big industrial processes. all big industrial processes have environmental consequences. the regulation that works would be regulation which is clear and consistent. so that the energy industry can price it into the cost of doing business. we've seen estimates, for example, you can handle all the environmental

the launch of the gadget may boost the entire united states economy? really? one thing?heck that out in a minute. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better investor at e-trade. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >> a long list of tech journalists appear all but certain that apple is set to unveil a new iphone tomorrow. iphone 5. some financial analysts say sale of the new device could give the economy a major boost. 9 iphone would add up to a half a percentage poin

>>shepard: mitt romney attempted to put the focus on the united states economy after the deadly attacksn north africa and the middle east. he claims his policies will create 12 million jobs. he said the united states cannot afford four more years of president obama. >> his campaign slogan is "forward," but i think forewarned is a better charge. what he describes is a continuation of four more years. i will ask you the same questions that the attorney general did: do you want four more years with 23 million americans struggling for good work? do you want four more years of trillion dollar deficits? do you want four more years with our military commitment being cut back further and further? do you want four more where half the kids coming out of college cannot find work or work with their skills? do you want four more years where one out of six americans are living in poverty? >>shepard: he adds that if he wins he will allow new drilling for oil on american land. john roberts is on the campaign trail in colorado this afternoon. john, the campaign put out the word that governor romney will

and sales forecast for the last -- for the year last month because of slower growth in the united states economy and continued weakness in europe. >> driver on one of the busiest highways being adviced about a full road closure. highway 4 will be shut down for construction work early sunday work in antioch from midnight to six westbound and one to seven eastbound. detours will be put in place, its part of the eight lane widening project that's underway on highway four. >> well let's talk about the weather. seems like the same old, same old. a after that fog burned off. >> and the fog, burned off from the coast in the last couple hours, folks at the avenue in -- seeing the sun for the first time in a little while. patchy sun. that means warmer out there. temperatures in the low 60's. fog, little bit of fog here. they will throw that first pitch. probably more like 635 degrees. that's your ball game report. the a's will do well on a roll. forecast for tomorrow morning. right at 6:00 a.m. saturday. i still -- the model the last three days, i think the fog will be filled in along the coast as it was

what this is a report card, it's going to tell us how the second quarter did for the united states economyould find a 2% to 2.5% rise. >> and todd, as you know, the ceo of goldman-sachs says that austerity measure aren't necessarily going to get you a higher gdp. is that a message at's resonating on wall street right now? >> you have this fiscal cliff, we only have a couple of months to resolve these issues and the ceo of gold man sacks is saying, look, choerm budget cuts are not going to do anything for the gdp, you have to have a long-term plan, we might have congress that's coming out and maybe have some quick solutions from jumping off of this fiscal cliff, but you need everybody to come together, both republicans and democrats and the white house and get everyone together to come up with a long-term plan for budget cuts. that will actually help the gdp down the road. >> is there a full blown recovery under way as many people are hoping? >> i got to tell you, the housing data right now has been positive. the past couple of months we have seen some real bright spots, with new home sales

if the united states economy is not as strong as it has been in the past, we cannot protect our valuesd the globe, and we cannot negotiate with bankers. this gives us serious weaknesses on the economic and national-security front. the ultimate insult, we handed to the next generation that had no safe in the kinds of things we have seen go on and ask them to pick up the bill, and that seems like a gross injustice and mass. gerri: i want you to respond to something, david axelrod, the president's base of riser said about this and why the president is doing the right thing. here he is. >> the president's plan would do what the simpson bowles plan would do, cut the deficit by $4 trillion, reduce attack under our deficits down to 3 percent of the gross domestic product which is what everybody agrees we need to stabilize the debt. then we will be in a position to begin reducing it further. gerri: what do you make of that. >> perfect except for a couple of flaws. we have not seen the growth and are not likely to get the kind of growth that they assume in those budget and rosy scenarios. such

from abroad. 40% of revenues down 30 stocks, if you want to get ahead of this even with the united states economy week you hit foreign groups and foreign consumers whose incomes are growing 7% to 9% and the stock market can still xl and in a weak u.s. economy. dave: one of the purposes of the fed doing this is to get banks to lend more money out to make it cheaper for business to borrow money from the banks. one thing that the fed didn't do, they didn't do everything. one thing that the boston fed president suggested they do is to lower that 25% basis points banks get for keeping their money in deposit overnight. why didn't the fed do that? if they lowered that rate they get less money for parking money and it might make the more anxious to get money out in the economy. >> don't have a good answer. it should never have been instituted during the recession. it was in play for 20 years before it happened and a great reluctance to take it off. it is a mistake. if we look at the bank reserves relative to deposits they had never been above 4% since 1959 and it has gone to two thirds of 1% in december

reserve this thursday when it is expected to announce further monetary policy to boost the united states economy. after last friday's disappointing labor report there is a growing call for a robust response from the central bank which is the fed, financial markets have rallied with the expectation of a third round of bond buying known as cuan tative easing. but that option is controversial with the election two months away. joining me from washington david leonhardt, washington bureau chief of the "new york times". in 2011 he won a pulitzer prize for his columns on the u.s. economy. i'm pleased to have him back on this program. >> thank you, charlie. >> rose: so what might the fed do and what consequences might happen? >> well, the fed is now talking about doing a version of something it has already done a couple timesment people may have heard the phrase q e3 to refer to what this is n technical terms that is quantitative easing 3. let's skip the technical terms, in essence it would buy up assets. in the course of buying up assets it would try to reduce long-term interest rates. short trem inte

the engine, one of the biggest engines of the united states economy was told, you're on your own.republicans still can't decide what they want to this day. ryan actually wanted the president to micromanage a plant that closed before he took office. at the same time, romney and other republicans wanted to liquidate the entire industry. >> it could have gone back more effectively and sooner had they taken the advice of mitt romney earlier on. >> republicans made a serious mistake. hoping to gain points by trashing the automobile industry loan floated by the government. a nonpartisan industry watch dog put out these figures over the last year. look at the job growth from july of 2009 to the end of 2010. automakers added jobs despite the recession, and according to the "new york times," 1.5 million people who were working as a direct result of the automobile loan. in fact, general motors announced now it's investing $220 million to expand in lordstown, ohio. today, vice president joe biden told those workers the loan has been an investment in america. >> what they didn't tell you, it'

plots to get into the united states and what's more, is that they're not just looking for small attacks, they are looking to cause catastrophic damage to the united states' economyhave to keep in mind. is the threat there? yeah, it's there. a lot less than what it was but it's there and we have to remain vigilant. >> evan coleman, nbc terrorism analyst, thank you for your insight. >> that's going to wrap things up for me. stay with msnbc tomorrow for special coverage of the 9/11 terror attacks. "now with alex wagner" is coming up. >> governor mitt romney's map quest while president obama gets polling and fund-raising bumps team romney concedes a narrowing path to the white house. we will crunch numbers with peter hart, plus the romney ticket spends the weekend focusing on god while doing a loop de loop on budget policy. is this election still just about the economy? and we're going inside the victory lap. we'll ask slate's sasha issenberg about his book and the science of winning in a campaign. all of that when "now" starts in a mere 180 seconds. with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit ca

in the united states -- and the united states economy is moving more and more to a knowledge- based economy. i don't know whether we need as many workers in that economy as we currently have available to us. that may be something we'll have to talk about. but it is the case that everyone who goes through our educational system now needs to be as trained as much as they're capable in doing knowledge-based work. and to the extent that they're not trained that way, they're going to fall behind and we're going to have them on the rolls of the dependency index at some future publication of that product. host: we've got a tweet from gary who i think addresses a little bit more of that. he writes until we restore manufacturing jobs in america, there will be a permanent underclass in america, must place tariffs or foreign goods. are you suggesting that we, that the united states, has sort of grown out of being a manufacturing state and that unless we can somehow harness the knowledge base, as a knowledge class or whatever, as a tax base, that we're going to have a permanent group of folks who will

concerns about a wlum bettering united states economy and who know what is will happen in europe and you can understand why there's several hot spots of concern. one of the leading industrials was the head of nissan worried about china and to a certain extent, but not so much for economic reasons, but because of sovereignty claims between japan and the prc. >> it's a worrying situation. anything which is taking place between two countries which have everything to complement each other and to work together, everything that could become a threat into distorting the relationship is worrying obviously for a major economy. i still think that hopefully wisdom will try to resolve the issues, but you never know. >> and setting asided china, what about the u.s. economy. people there tonight have enough household savings. how could they possibly support a company like nissan. surprisingly, he says america not a problem. it's the other side of the atlantic. >> our worry is not the u.s. market. u.s. market is going fine. today our worry of most companies in europe, this is where most trouble are

ththe voters are in the united states and the most important in the united states is the economy and to present his project to them and convince him of his points -- convince them of his point of view. buthis is not the case for the arab world and the lebanese. the lelebase and the ever world they are interesd out the press -- palestinian cause, the conflict, and ththe point t of view from obama about these issues. >> he seems to be holding his cas as he wiped it out to se if he canet to the american voteters first. jennifer nycz-connnner, speakingng of the enomy, the campaign has been very od for the virginia economy. you have beelooking at how much spending have been taking place in virginia thanks to the ce.. >> a big number. $5$53.5 milliosince the campaign began. that i is a loof money and a lotot voters if they are trd to court. i can te you the evidence for the e number of times my telephone has been ringing. >> break it down. >> it goes all over the place. the interesting thing- $53.5 million, 10 times thanas spent in neighbori maryland right now. but what is inteterestings t

the next four years and why am running for a second term of president of the united states. >> america's struggling economy has been the biggest teams are in the election. he asked voters to be patient. >> you did not elect me to tell you what you wanted to hear. you elected me to tell the truth. the truth is it will take more than a few years for us to solve challenges that have built up over decades. >> the president also spoke of equal opportunity reaching out to latino and african-american voters who could be crucial in the election. he also defended his health-care reform and announced an ambitious plan to invest more in u.s. education. many people in the audience seemed energized by the speech. >> i think he was very precise. i think he spelled out exactly what he plans to do and i think he motivated dollar was to get out and vote. the stage was fabulous. it was inspiring. it made us all want to go out and work for obama right now. "the democrats hope to capitalize on that enthusiasm. they're born to needed as they head into two months of relentless campaign. >> let's get a quick update from the firs

competitors at the time because we felt that it was such a critical time for the industry and the united states economywe wouldn't have helped out temporarily, that we could have had the united states slip from a recession into a depression. so looking back, we thought about it a lot. would we do the same thing again and testify on behalf of our competitors? i think it was critical to our country at the time. >> and you didn't need a bailout because you borrowed a lot of money earlier. >> we did. we went to the banks in 2006 with this plan to create a full family of vehicles to transform ford. the banks loved the plan. they loaned us $23.5 billion. and charlie, i'm just so pleased now that based on the strength of this product line, we have now repaid all of the $23.5 billion now. >> so you're riding a high here. and there are talks that you're ready to retire. >> really? charlie, what is that about? >> what's that rumor? >> well, you know, clearly -- >> a succession is in place that you may announce the new chief operating officer is mark fields. you want to make news here now? >> no, there's no news