so this friday, weill have a dinner and giv them an opportity to talk to other soldiers and get them bacin societ there is a web site, elythia.org. there is aite and a way to ntribute. >> he sort of stole mind. [laughter] all we can tal about this week is palin and jacks. shes gone, isn't e? >> io not know. it ihard to tell. you talk aut h mmunications strategy and supporte not using any faith in her -- inact, they are ramping up. it is hard to tell. >> that i our program today. thank you souch for coming along. we wil see you nexweek. in the meaime. >> "ite house chronicle" is produced in coaboration with whut, ward university telesion. from washington d.c., this has been "white house chronle," a weekly news analysis with insight and humor, featuring llewellyning, and the gasparello, and guts. program may be fou on pbs. view therogram online, program may be fou on pbs. view therogram online, vit us at - hi. i'm muay from "sesame street,"

now weill still sechan of that ppening, because you castill see energy bubbli up thwe of the.acoldro that willbe coming thrgh the region toght. thathas not happened yet that willppen later . it's still back here inthe iole ashat coins to push rougwebe seeing settled athe agn, the chances fabl for a coup of shers and merms. sof the stms cobe ry strong, maeven a w th the ci a tegoes on the lookt r that. the ca is shing over the nextcoledays, thin are a little diceytoni an this th clr out vecely e head io the y on satuay. for sund, same th lot of nsne toughout mo of the day. th as the ening s we're going tobe ei e clou buildg back into the forecast, and the unsettled foreca com back in aswe headtohe eay paof next week taki look at conditions e be it's going tbe allyce thisweeken sunshine, a lot ofbodays antempures th80s. r tonighin o neck ofth od 65 deeeshs and understormaround. brzy conditis fo. for mo, ings pret gd, 8 degrees, partly sunny, and lot less hum. so it going tofeelch nicer out there. and r thnext sen days thingsarni fousthis week, th thinart go down hasfaas e shers

. >> those w are successfully opating in china, i believe, weill see further investments. and ther than being new investments, they ardeeper investments to joint ventures that ty have already set up or thin the value chain: mponent manufacturers or suppliers. >> reporter:his positive outlook reston the governme's continued auto industry sport plus, at the operional level, maintaining low wages. he at lifan, xu yanping works ni hours a day with an hour off for nch, six days a week. holidays amount to 16 days p year. her monthly take he pay is $190. in new chinaan assembly line couple wou be hard pressed to y an apartment or own a car. >> ( translated ): ihe's an engineer or in managemt, i think we could afford e. if hhas the same salary as me, i'm afraid wcouldn't. >> reporter: the u.s. au unions may sdder at this hard reality but, for the b brands that build in china,t's their liline. although theovernment is efctively driving growth and the nsumer class is expanding, shop-floor wage hikes uld slam on the brakes. and china's communist party, won't let th happen. which prom

weill see you next week. >> "white house chronicle" is produced in collaboration wh howard univerty television. fr washington d.c., thihas been "white use chronic," a eekly announcement with insight and a sense of hum. this program may be seen on p and cable cess channels. to v

weill start too pat chanan. gentlelemenave t two words. >> obama willbe draggedback into t the cia ing. >>>>nd jeff seions, surpriring thououghts. that was interereing. >>>> pat is persuadadable. >> good boy. >> don't si on mexic air pepeople. >> pat buchahan, h omicididal maniac. >>> sincwe are getting ready for e meetetg, i hve to do my other b. i nd to finish job. dylan n ratiga oh, my gosh. i wouldn'n't want ito be messy for yo >> ift is way t too earlrl >> good morning toto you. this is the ecial eition of e " "morning eting." inust one hour, sonia sosomayor es in the hot seat over her histstoric nomininion the supreme court. we will talk all l thingsupreme cocourt. i ve to get ridf the scent of widex here. and then we go to o e procs of becomiming a supme court judge. and then we aare breang down e other hot topics,, not the least of w wich is forormer vic esident dickheney and his pontial so-called private army what are e execucutive branch'h oblitions to the congrgrs? spspecificly, what are the obliligat

losehis ug, things become ateast in the sho to dium term, quite serious in terms of malaa because weill have lost oubest drug. reporter: to comb the read of resistance, the bil and minda gates foundation is unding a campaign prect adminisred by cam beaa's governmt and the world health organization. the key to its success is findingut how and why the parasite are deloping a tolance to the a.c.t. a trip to the local market provides clues. shoppers come here not onlyor uit and vegetles, but also for medication fromrivate pharmacies that have be here for years. >> this drug is correct, a it's gotlear instruction inside as to how to take the drug in ththree days that you have to take it. but it's possile that patients already cut it up and only take it until they're fling better. is is the whole poblem that we find in the priva sector that patients arenot getting the correct dose, not getting the correct combation, and this is going to le to drug sistance developing very rapidly, unless it c be controlled. >> reporter: the cbodian governmt is awe of the problems in the private sector. it has

therussianes to sign on he they got an o statemt that said iran shoul take thishance for iplomacy and that weill come back an reassess september that about as tough as t go >> i'm wondering now that we've seen president obama in a couple of these oveseas gatherings and assgnments do we have a beter idea wat his style is when he's outside he u.s.and up agains these hads of tate that hae very different interests? >> i havetwoimpressions rom watching it fr afar. i wasn't lucky enou to be n this tri, i'll confess that right up. one is he uderplays the charisma alittle bit. when eorge bush wnt to oscow he tried to mae a biggale of the persnal bond with ptin. porters asked president obama if there was a personal bod and h said "this s all siness." no personal bo stuff. the second hing, he's an activist president. he's a interested in ding his own thing a putting pints on the board as-- and taki the initiativeoverseas as hre. hemakesthat oke, abou health cae, it's nt as if i don't ve enough other things to do. well, he h that nucle initiatist 's going to ave a mmit in the uited states next march on nuc

weill tell you what. it's cause ek stan's president for life. having the right tools crucial to being able manage your diabetes proply. it's vimportant for me to uh check my blood sugar bere i go on stage. beinon when i'm feeling low can be like a rollercoasr. itoes at times feel like my bod is telnge to do one thing... an my mind, my heart is telng me to do something else. managing my highs and lows isuper important. th my contour meter i n rsonalize my high/lo stings so it really does micromanage whermy blood sugar needs to be. i'm nick jonasnd never slowing down is my si win. twenty-five tusand mornings, give or take, is a we humans get. spend them on treadmill we spend them in traffic. and if we get lucky, rlly lucky, itawns on us to go spend them sunrise can still be magic enty-five thousand mornings. make reome of them are pe michigan. your trip beginst michigan.org. td: 1-800-345-2550 including who i ust to look after my money tdd#: 1-800-345-2550 tdd#: 1-80345-2550 "the dust might be settling... tdd#: 1-800-345-2550 that's great, but i'm

. >> weill be back on monday morning at 4:55 at "news4 today," and have a wonderful weekend and greatday. >> see you monday. (announcer) when verizon brings 100% fiber optics straight to your home it also brings first-class entertainment, with picture quality pc world calls "razor sharp," america's top-rated internet and crystal clear phone, all for just $79.99 a month for the first six months. you can also get channel variety cable can't match. plus, additional packages are available with over 115 hd channels and over 15,000 titles on demand per month. what else does fios bring that cable doesn't? how about easy-to-use on screen widgets that offer instant updates on local traffic, news, weather and more. call the verizon center for customers with disabilities at 800-974-6006 tty/v today to order fios tv, internet and phone for just $79.99 a month for the first six months. that's like getting all three amazing fios services for the price of two. and now get even faster internet speeds. plus, ask about our free wifi at thousands of hotspots nationwide. to get amazing tv, our fastest in

respect to everybody here a certainly to judgesotomayor, to the senators on both sides of t aisle and weill have oer in this room. >> thank you,senato leahy. >> thank you. senator franken, please. >> ank you, mr. chairman. what i was saying this is the first hearing since 1965 tat senator kendy has not been present and i know he'sff the committee now, but we do miss his presence. thestelevised hearings have taught americans a lot aboutur constitution and the ro the courts play in upholding and defending it. i look forward to listening to all of your qstions and the issues that y and your constituents care abt. to judge sotayor. welcome. over the next few days, i expect to learn from you as wel as been said, you're theost perienced ninee to the sueme court in 100 year and after meeting you in my offce last week, i know you're not just an outandingjudge, but anexceptional individual. your story is inspirational, o whicall americans should take great pride in and i welcome your family as wl. as most of you know, this is m fifth day in office. that may mean i'm the mt junior senator, but also m

in fact, they can fire at weill. that's the secret behind this 12-day rally in tech. their earnings aren't determined by what the president says or -- what's her title? kremlin? oh, what pelosi says. for tech s it's all about the business pages. that's something money managers who want to sleep at night adore. it's why the intels and the kiskoes and the apples, and the oracles and the googles and the software companies or little guys like semiconductors can do well. by the way, i think that apple can go to 200 in the next few months. it's the most immune-to-washington stock that i can find unless they start taxing ipods. think about this non-washington halo tomorrow. if the nasdaq is down, amazon reported disappointing earnings tonight. yes, i still like amazon. here's the bottom line. tech can shine simply because it's practically the only sector that's not touched by obama or pelosi's agenda. could last 3 1/2 years. you can bet this one, well, let's just say that until people catch on about what's really going on in washington will remain undiscovered and the stock

there are someho will argue that by making regulatis arter and stronger weill desty innovation. and there a even some who argue that we should leave sponsibility for consume protection for mortg and consumer credit products largely where it is today no in my vw these voices are essentially argue that we maintain the status quo, and at's not something we can accept. it's noturprise that we're having this debate. it's the typical patternof the past. as crisis srts to rede, the impes to reformtends to fade in t face of the complexity o the task and opposition by the economic and institutional interests that a effect. it's not surprising because the reforms proposed byhe prident and the reforms that the two committees are diussing would substantially alter t ability of financial institio to choose their regulator, to shape e content of future regulation, and continue the financial practices that wereucrative for partsof the industr for a time but to ultimately proves so damaging. this is whwe have to act and why we need to deliver very substantial change. y regulatory fo of this mag

weill take you inside for the trade. >>> one sizzng fast food trade losing steam. wi new items whet the appete of bten down consumers? mr. ans? this is janice froonstar. i haveeived an automatic sna you've been in a front-end cra. do you need help? yeahah. i'llll ctatactmergency servrveses a stay with you. u u ay? ahah ststarstandard for one yearar on c cvy models. you mu be looking for motorcycle inrance. you're good. thanks. so is our bike i insuran. all the e coverageou need at a great price cool. hold on, cowboy. i'm not done -- for ssss tn a dollar a month u also get 24/7 roaddedeistance. right on. yeah, vroom-oom! un like you ran a 50 well, you' eused. thright insurance for ur ride. now, that's progreivive. cal. >>> welcback. aloa is trading higher after hours. 26 cents a share was the loss. rebecca jarvis was on the company conference caland she joins usith the latest. >> we have the comny ceo of alocoa going over the numbers. a couple of big highlights. he talked about the au industry, clearly impoant to this com, given they dial in end he auto industry. he

our own mixed up blend of spicices more oo are and finitely not mayo were the new miracle whip d d weill not tone idodown. to being able to manage ur diabetes properly.. it's very importantt r me to uh check mymy bododugar before i g go s sta. being on when i'm feeling low can n beikike rollercoaster.r. it does at timeses fe like my body is telling me to dodonene tng... and, my mindnd, h hea is telling me to doomething else. managing my y his s an lows is super impopoanant. with my contouour teter i can personaliziz mymyigh/lo settings i it ally does crcromage where my blood d gagar eds to be. i'i'nick jonas and ner r sling down is my simple win. >> we need aeeal care option in health care, not a government option in footbalallff all things. congss is up in arms over the bcs. i'm talking about it next. 11 million people re on a conference c call 750,000 wh they weren't. - ( phones chirping ) - construction worker are making 2400000 nextetel direcec connect call. 1 milillioneoe are ressponding an email. 1 accidentally hitreply all." - ( foghorn blows ) that's happenining now.. america's m

senator cdin will be the -- once senator cardin isfinished, weill take at-minute break >> judge sotomayor, welco to the united states senate. i think you'll findach member of this committeeand each mber of the united state senate wants to dohat is right for our countr we may differ on somef our views as wilcome out during this heari but ithink we all share respect for your. service and thank you f your willingness to sve on the supreme courof the united states and we thank your family for the sacrifices that they have made. i am honored to represent the people of maran in the unit states senate and to serve on the jiciary committee as we conser one of our most important responsibilities whether we shoulcommend to thfu senate, the coirmation of judge sonia sotomayor to be an associate justice of the supreme court o the unitedtates. theext term of supreme court that begins in october will likely consir fundamenta issues impacthe lives of all american citizens there are many important desions decided by the supreme court by 5-4 vot each jusce can play a cital role i confirming the needest co

hank greenberg, get his outlook on the economy and the significance of his legal win against aig.ns weillck here on he closing bell." eed? eed? where will you find the stability and resources to keep you ahead of this rapidly evolving world thare tough questions. that's y we brought together two of the mo powerful namesin the in. troducing morgan stanley smitbarney. here to rethink wealthagement. here to answer... youruestions. morgan stanley smith barney. a new alth management firm morgwith over 130 yearsrney. experience. >>> "fortune" magazine just released its annual global 500 ranking of corporations. found in the latest issue of the magazine. it's not just a list but a window into the shifts in profit making and power in the corporate world. it's reall interesting. we go through some of the top mes and what some of t changes signal with "fortune's" senior editor leigh gallagher. thanks for joining us. >> thanks for having me, melissa. >> one of the things i find interesting is the u.s. has the most companies on the list which isn't surprising but the collective evan of that list is t

b the important thing is is we will have a bill and when it com to the floor weill have the votes and it will be something th will have genal acceptance and somethinghat we ll all takereat pride in. >> woodruff: e other provision. t more conservative demoats insisted onaving the stat share t costn expanding medicaid which is heth insurance for t poor. is that something you think will stay there? >> well, we're talking about 2016. in 2016, tre would be a 7% sharing of the states. 2016. ournderstanding is-- bute haven't seen it yet from the sete-- is that they will ve auch bigger sha for the states. in the legistion. sohis is notomething out of th blue. but it is a smallercentage seven years fom now. >> woouff: so tohose who say ait a minute,e're woied that you're alrdy giving away the store to some democrats at do you say? >> well, i don't gethe point. this is about the american people. what i have always said is we will have a good strong bill with a robust public option and we will. wh i've also id,t's not about democts or republicans or any place across the spectrum it's about the a

weill see. >>> rst, it's timeme r a few holy mackereltoriesin todayy's news. the last twowo days h have ben almo unprecedentetedly horrrrdous f u.s. a and nato troops serving inn afghanistan. today in the rest ofofhe cotry, a roadside bomb tack on a a mitary convoy tookokhe life of one u.s.s. soldi. this comomes just e day after seven n other s. troops we killedas well as one brititish sosoier antwo canadiananaien a helicopter crash in the sosouth, a fire feeet the northeast and two in roside bombings. therhaven't been ten u.s. . d nato troop deathths in aingle day y in almosa year in ghanisn. to add to the toll, the talibann also yesterday poposted on website it claimed th they kidnped an americanoldier whwhdisappred from a combat tpost in eastern afghahanistan last weee e u.s. military hasasconfird that thehe sooldier h been rerted missing, butut theare not confirming the talibib's claim th he's beenencaptured.. thessociated press sasa te taliban's claim does s t ilude prproof th they captured t t soldr or dedetails o wherere he might be heard. the experts i

i believe weill see n revenue or hher taxes it's just a queion of when. >> rose: i understand that. but u're suggesting that politically they're no prepared to think about raising taxes until after the cgressional election of 2010. >> along as theressures don't become irresistie i think theyon't want to address is, nor should they. >> rose: do you thi the essure will become irresistible andhat's when gettysburg is he? >> i don't know the answer t that, charlie. but if you sp back and take a wider perspective, wheer this is addressed in 2011 or wheth it's addressedn 2010-- and think this is the fundamental choice-- is going to be tough and brutal and the primary challenge am-- this ismy point-- of the first term of prident obama's. >> rose: the priry challenge. you made that ry clear and i madehat car. let's ke you beyond the congressional election let's take you into 2011. >> all right. >> rose: the president ss "roger, inow you supported hiary clinton but i respect your viewsnd i've been reading the "walstreet journal" and the way yo expssed them and watcng you on television. forge

. >> weill not put seniors into a position of being put to death by their government. that's a u.s. congresswoman from north carolina, a republican just yesterday warning us about this provision we'll talk about in the health care bill. if you don't think this is hot, here is the president getting hit with it this week in a town hall meeting in north carolina. >> i have been told there is a clause in there that everyone that's medicare age will be visited and told to decide how they wish to die. this bothers me greatly and i'd like for you to promise me that this is not in this bill. >> you know, i guarantee you, first of all, we just don't have enough government workers to send to talk to everybody to find out how they want to die. i think that the only thing that may have been proposed in some of the bills, and i actually think this is a good thing, is that it makes it easier for people to fill out a living will. >> well, what's going on here? in a moment we'll talk to democratic congressman earl bloomen hauer. let me ask you about this question. according to the president, all th

and at was very important for us is to show e iraqis yes, indeed, weill. you want usut of baghdad, we agreed to be out of baghd, we're out of bhdad. i think thatade a deep impressionn iraqi society, a very posite iression ofll willingness to work with them as a soveren and our willingness to shothem this kind of respect. >> rose: so you're convinced th the vast majority of iraqis believe e united states is not there tostay and t united stes is nothere to tak their oil? >> you know, if you lookt opinion surveys,here are iraqis who belie that, but all wean do is to amass clear facts which will demonstrate the contrary. d i think increasingly and in fact if you look at somef the recent opinion surveys, more iraqis belie that we are no planning to stay as a result of our moving out on june 30. so i thi it is a process tt is convincingraqis of our good tentions. >> ros when we say "move out," we're talking about military forces,ren't we? >> yes, we're talng about.. actually we' talking about bad and mosul. e other areas had alrdy moved out of the urban areas. s

weill have to wait until the fall so that seems lake a big setback.when you actually look at what the committees are doing, ad the substance the bills there is actlly much more overp that i i would have thought. so i tink, you know they're going toet the blue dog, the centrist. i would suspect witn washington righnow there a very good chance ey will get heth-care reform because of e way the bills are cohering. outside of washingn, the pubc part that is where the nger is. if yolook at where the american pple are, a sim majority now say -- disapprove of obama's approach to heth care. among independent, 66% think it's too b government. so there blic support is erong. among democrats in washington, there is a procession going on. >>ehrer: do you see it the same way, mk? >> not cpletely. i think firstf all, jim, that the president on his own preseation this week did not have a good week. >> lehrer: he didn't, a bunch of television interviews inuding one th us. >> with . >> lehrer: then thenews conference, he has been everywhere. >but the news conferece was

because if that's everybody's assumption, weill not be as safe as we ought t be. >> rose: one of t vulnerabilities, as you well ow because of 9/11 sdy commissions and othegroups have looked it into it was the lack of coopetion between all the agencies responsible for national security and national securi related issues. have we overcome that vulnerability inerms of coopation, in terms of sharing ofnformation, in terms of everyby on the same page? >> orall, yes. and, again, i go backo the same analysi do we have better tel gathering and sharing and coordination and cooperation than before 9/? absolute. >> rose: c.i., f.i., everybody else. n.a.? >> c.a., absolutely. the whole alphabet soup. yoknow, episodically are there things thacould be done better? always. so the questionor me is is en i came in as the secrary of homeld security isell, what's our value added to that? why should the taxpayers pay f us to be involved in intelligence gathering and aring? and i thin our value added is really tha important linkage with stes, countie, cies, tribes, territoes. d so what we are working on now is to real

weill have an all-star pall toto dcucusshe jobs fearfafaor and the ripppp effects othth economy anand nsnsum and the rest of the story as well.. >> i'm rebecca jarvis a 30 miminus s fr now, a house subcommittee wililhohold a heag onhe powers of the fed. wall s strtt and congress don't see eyeye eye. shshou h h be reapappotete or rerepleded? we will talklkbobout the f furef e e fe >> we willll be joineded r ro ensanna of thestreet.com. enenjoyour w wk,k,ir. thank you very much. >> we will g to the bnanke thing ter. your thoughts at the moment, bearing g m minthe jobs data from last week. e retail sasass figururesndnd te fafacty and everything put together. >> i think werobably t turd positiveve i tetess ofroroh in e e thd or fourth quarter r this yyr. it doesn't look like tyy are deteriorating further r ann fact thahass a misread. tata sales we bunk, no doubt, buttouou have interest ratetes c cing down andnd mortg applications going b bacupup and we are bumpingnglolong the bot. itit's not geing much better. >> i hearhe phrase l-shapeded rerecoryry. thatateaeanso recovery. >>>> i i ithe

clclearly weill have gogoldman numbers morrow. the st of theanking sector is going to have s some ptty weak numbers again. bank o of arica is goi to barely b profitable. jpmorgan little bebetter. t i think when youou get to see their results come out, the debatete will shift onono how b the credit card loss are going to be, what's going to h happeno commercial reaeal esta loans ovover the nt couple of years. it's going to o go back to cred losses, i thk, and the emphasis w will shift a away fm investme banking.. you know, charlieie, you guys ways like to take thmost pessssimistic ew of these sort things. theseank nuers will be very impoportant. what are thehe debtguys going t lolook@lik my instintive e reaction would behat if is so w well advertised that goldman going to be od, the price aion has moved to the upupside and the risks now toto the sets of resul we're ing to go and people are prpricing to the downsi and pricing fofor a a good outcomem rather than a bad d outturn. >>>> richard,, let me jump in.n. apart from goldman, w

weill head there as wellll >>>>hat are they buying nonow? we will you. >> i'm'm mhehell cabrera.w w lost t the willfor alternative e energy? weweill bril on the lack o opuph to go green. who wants go? >> you see boone pickens is looking g fo a site forhihiwind farmrm hwawas ilding there in xas. it not going to happen because they can't get enough transmission lines. >> a litittlmomo complicated ththane thought. as w w wait for the-year note, let's go tote stocks excxchae e where priceses glolowe >> we are athehe l levs s cle to may lows as farss thehe do we g go bebeww that dd we s see esessu to the downside. one of the things that g lower here in the last couple of h hoé hahaveeen tech stocks. the stockcks havetatart higherr and upgrading a a t twoo the upside.. rick? ddshy of 1.52ss a mumuchhihigh yield than around the quasi-1.49. member that thee higher yield is not a good pricicincocompent because it m mns higher neeld, wer price. 2.62 a c changng evevery dolla worth available. that's good. 54ananven withh t the met morprphos s of what that includ is still pretty good. om a d

weill start lookingo see ether results are bting our expectct igs. t i thinkkhe keyuestion is whether r thottom line resususs orthe b botm m li profofababily is driven n by incncreeses in s, inineases in volume and incrcreassin aivity. or whether it's drivenbyby cost cutting or strtripngng outcosts fothe whole operationon which in turn wouldlde e a drag on f fut consnsum spending i in q3 andd . for meme, it's very mumu the makekeup of thosee profits rara than the absbsolee level of prprofability which will give us that knee jerk i ira as t ty all start to come o out from momorr. >> nick, it's stttt in the u.s. at's an interesting pepective on what we shshou expect frorom rnrnin. youu mentitionhe expectatioions which heree in the unededtates haveve bnn ratcheted at least lilile bit given thatat t data out of latate has been fairly decent. i'not going totoayaygood, but you u kn, , little better. >>>> well, yeah.. the datakokopd getettiworsrse. wewe'rnow coididt that the wowors quarterer of growth we c talk about i in ee past sense. stst year, itust got

d it helps you to ah, weill rip it up.ere. >>> welcome back.es. there is a story going around that aig is going to approach the pay czar and ask permission to pay more new bonuses to their top level employees and traders unwinding the mess over there right now. they don't have to go to mr. fine berg, but they are and it's starting to create an uproar. >> it is. this showing that they are learning how to play this game and going to him to get political coverage for the bonuses so that it doesn't create a firestorm like last time. >> you look at the 2.4 million and it's less than $200,000 per person? >> yes. >> for a journalist and everyone, but for wall street it's pitsdsy. >> they're have been burned so badly, but they pay bonuses. >> why don't they have to go on this? >> they apply at 2008 and they will have to go. >> all right. >> phil? >> let's go to standing by with fritz hender and a first cnbc interview. >> we are here with fritz who is ceo of general motors. we will talk about ed whitaker jr.. 40 days is a fast in and out of bankruptcy.