back with jack welch talking about that.d carl icahn came out all guns ablaze wanting change, investor moves? >> i hope tim cook doesn't take his eye off the long-range strategy for apple. look, activist investors are getting a lot of money now. a lot of funds are jumping in and supporting them. you don't have to look any further than jcpenney to see what some of them can do to cause a train wreck. and ackman a k akman and his li at jcpenney cost hundreds of thousands of people their jobs, in the process of destroying an old icon. it's a tragedy that activist investor made every bad decision you could make to sink an american company. >> you think an activist investor will be helpful for all shareholders -- >> all stakeholders, employees, et cetera. >> that's a great way to put it. so, what went wrong, then, with jp -- with jcpenney, pardon me, that all of a sudden it caused so much disruption? >> they had a revolutionary strategy. turned 180 from where they were. they sort of took an apple idea and put it in retailer of sof

welch makes a good point.have the vitter amendment on the table where the congress and the executive branch should not be exempt. give me one more, mr. hensley, that would solve this problem, because we make a deal tonight to fix it. >> well, i wish we could, larry, but, you know, peter was talking about the constitutional process, and i think that's very important. listen, the constitution gives congress the power of the purse. i know the president has read the constitution and believes it says the power of the rubber stamp. listen, i understand the democrats have the white house. i understand they have the senate, about you republicans have the house, and we are not going to rubber stamp what the president wants to do. all we've heard again is my way or the highway. there are lots of things we would be willing and want to have on the table. listen, i'm a veteran of simpson bowles, where the president has paid lip service to doing something, but hasn't done something. again, i don't understand, if obama care

. >> later in the program jack welch will be here in the 4:00 hour. we'll ask him about apple, how they should handle carl icahn. >> plus a lot more with jack welch. stay with us on that. >> i bet jack has an ipad air already, by the way. >> folks programming and building the obama care website knew it was not ready to go. we have the reporter who spoke with insiders. we will speak with him and try to find out why the white house still insisted on launching the site despite those internal warnings. they have to clean up a big mess right now. >> the dow jones industrial average up at 97 points, inching back to the highs of the day which will reach about 10 a.m. this morning. 15,488, last trade of the blue chip average. nasdaq, gains once again, moving forward. 11 points higher, to 3930. s&p 500, unchartered territory once again, up 11.75. obviously, if we close here we'll continue to hit an all-time high. bob pisani, looks like bad news is good news again for the market. a weak jobs number means the fed keeps the pedal to the metal. >> for a long time.

>>> our guest host today is jack welch. he's executive chairman of the jack welch institute.e just mentioned all of the economic numbers we're not getting right now. we don't have a good read on things. the job numbers have been skewed from computer problems even before the shutdown. but you have a pretty good read on what's happening in the economy just from all of the business you're involved in. can you tell us what you're seeing right now? >> in 2013, we are seeing just what we saw in 2011 and '12. we get ready for launch and then it rolls over. i mean, we had -- if you asked our ceos and a variety of companies i'm involved with, what second half of the year would look like in may. they were all on ward and upward. thought it was really going. at the end of june, in the middle of june, it started to roll. and we had every business i'm associated with still growing, but at a -- they all will miss their third quarter. and things have really sort of flattened out. and we seem to lose momentum every year in one of these quarters. it's the second quarter in '11, the fourth qua

we'll bring in congressman welch who also questioned secretary sebelius. >> thank you. one thing i will say we blew it on the roll out of healthcare.gov. how are we going to fix it.

>> how do you answer that, congressman welch?s a difference between a defective website. we had that when george bush passed medicare part d. there was a lot of problems there. the republicans were defending it then. there's a huge interest in making this thing work. some people may have to be held accountable it didn't work. there's a lot of elements of health care changing including there's minimum standards so when people buy insurance, they're actually getting coverage. there's been an enormous amount of ripoff of american people by insurance companies that sell them policies that are good till you get sick. they then have a pre-existing coverage, they don't have coverage for the surgery room, just the hospital visit. so this minimum standard is creating consternation is something long overdue. >> and wolf, i would answer in respect to that is that we could have dealt with the those folks that really needed that access that he had pre-existing without reshoveling all of the chairs on the deck. what they're causing now, some w

that's not meaningful. >> so forress li welch she's on her -- for d f cecessily welch. >> for supportive of a follow of the obama administration. >> and that decision is hardest felt here. gradey hospital, one of the few places in atlanta that the uninsured and the poor come for medical care. >> under the affordable care act we stand to lose $45 million a year. >> administrators say operating gradey is a break even situation. this means clinical services like mental health will be eliminated if state lawmakers fail to stofl budget shortfall. hospitals care for the boor but in order to benefit from them states need to be fully on board with the affordable care act. without signing on prominent health care specialists spell out some potential negative outcomes. >> and so there would be a huge loss of care within the community and what we would end up with is increased prison population and increased homelessness. so there's not an upside to the decisions we'd amake. >> welch is determined as a consumer to wait it out. >> it can be a significant cost savings and if it's something else they

. >> welch, she finds relying on the federally designed website frustrating. >> i am fully registered, my application has been sent in. i am now able to see a button that says view your eligibility results. i can't get past that but done right now. >> do people in georgia have any specific assistance in navigating through this process. >> in reality, no. people have their personal advisors, i'm working with friends and family but there is no one in the state of georgia, i think there's a role called navigator. the state of georgia has approved six people. that is not realistic right now. >> governor nathan diehl has said to the federal government, i don't want your money to expand medicaid. >> i think part of it was not wanting to appear supportive of a policy of the obama administration. >> and that decision is hardest felt here. grady hospital one of the few places in atlanta that the uninsured and the poor come for medical care. >> so under the affordable care act, we stand to lose $43 million a year. >> administrators say operating grady is a break even situation. fj state legisla

peter welch, brad whenstrup. jared bernstein, cnbc contributor, he is a former chief economist to vice president biden. doug holtz aikin and former cbo director, and dan holler of heritage action for america. dan, let me begin you. neither of our representative representatives that we had on the show seem to be willing to go for a total repeal of obama care. what is your take on is that. >> the fight is going to continue. i think the american people kmpt expect their lawmakers to continue pushing this. we know it's a bad law. we know it's hurting people. the question is what do we do next? and i think from here over the next few months, you're going to see the people who are responsible for passing that law, they're going to own this. and people like kay hagan and mark pryor and mark begich, they're going to have to explain to their consistents why they stood in the way of efforts, legislative efforts that would have spared their constituents. >> and you advise -- you advise members this was a key tonight in the

still ahead from jack welch, a look at the biggest moments on cnbc today. as we head to break, a look at the stocks that led the way this week. ♪ to that kind of place ♪ ♪ sinking in your fight ♪ ♪ too many run aways ♪ ♪ eating up the night ♪ 0 [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good

. >> we have matt welch, editor in chief and peter pitts. thank you, gentlemen. may i go to mr. gruber, please. welcome to the program. you heard my little intro. with all due modesty, those are my intro. what say you? >> you're repeating the same uninformed right-wing talking point people say all the time about this law. you're not understanding the law. this law is a private based expanse of health insurance based on ideas developed bit heritage foundation in the early 1990s. >> with all due respect, the heritage foundation never had these elaborate controls and planning and you may have label me a right-winger, i understand, all is fair in love and war, you look where the insurance plans are one size fits all, no distinction between them, i don't see how this is not government run, jonathan. that's all i'm saying. >> how can you say there's no difference between them? have you looked at the massachusetts plans all run by private health insurance plans. you really aren't giving a fact based perspective on the law. that's the problem. people need to know the facts of what this

that's not meaningful. >> reporter: for cicely welch, she's on her own. that's because the state of georgia decided they don't want to assist people in getting insurance. that's by design. governor nathan deal has said to the federal government i don't want your money to expand medicaid. >> and the affordable care act we stand to use $45 million a year. >> reporter: administrators say operating grady is a break-even operation. this mean clinical services like mental health will be eliminated if state lawmakers fail to pre-solve the federal healthcare law. in order to benefit from them, states need to be fully on board with the affordable healthcare act. without signing on prominent healthcare specialists spell out negative outcomes. >> there will be a huge loss of care in the community, and what we'll end up with is increased prison population and increased homelessness. there is not an upside to the decision. >> reporter: welch is determined as a consume for wait it out. >> it can be a significant cost savings. if it was something that they were waiting

the long term implications in a year or two, this will probably be a distant memory. >> for welch who lives in georgia, one of 36 states that did not open up their own exchange, she finds relying on the website frustrating. >> do people in the state of georgia, and specifically you, have any assistance in navigating through this. >> in reality, no. people have their personal advisors. i am working with my clients. but there's no assistance from the state at all. there's supposed to be a roll call, i think the state of georgia has approved six people. that's not meaningful. >> so for recessly, she is on her own. that's because the state of georgia has decided they don't really want to assist people in getting insurance, and that's by design. the governor has said to the federal government, i don't want your money to expand medicaid, that is effecting some hospitals especially here in atlanta. >> well, i think part of it is not wanting to appear supportive of a policy of the obama administration. >> and that decision is hardest hit here. grady hospital. one of the few places that the un

. >> i want to bring in peter welch, democrat from vermont. good to see you, congressman. good morning. >> good morning. >> i know you were listening to ted cruz, who's about to go into a meeting with the president at the white house, and i just wanted to get your reaction and i'll ask you the same question i just posed. is there still a strong enough group of conservatives to shut down whatever progress seems like is being made on getting at least the debt ceiling done, if not reopening the government? >> well, senator cruz is unusual. i mean he's somebody who when he's in a deep ditch, he just decides the plan is to keep digging and that's what we heard. second, on the -- the republicans, i think, are ready to work with the democrats and we're certainly ready to work with them. we've taken using the debt ceiling as a hostage off the table. frankly both parties should renounce that because the damage that can be done with that tactic is enormous. second, we've agreed that the health care bill is the law of the land. that means we can focus on addressing some of the legiti

congressman welch is among those who will meet with the president next hour. i want your reaction to the nomination of janet yellen. >> it's good news, bernanke did a good job rerestoring the financial sector and restoring wealth in the stock market. we still have unemployment too high and wages too low. yellen has a long accomplished record of focusing on building the middle class and having an economy that works for everybody. so i think there's a lot of positive feeling about the president's choice in janet yellen. >> tell us while we have you about this letter, you have 187 signatures for this clean bill. tell the latest. >> well, for the first time in the history of this congress, we're having a debate where we're acting as though there's an option on whether we pay our bills. the point of this letter it to say very clearly america does pay its bills. both republicans and democrats should disarm, use as a tactic to get their way on something important to a minority within either party the fact that we're going to jeopardize the full faith and credit of th

jack welch, executive chairman of the jack welch management institute and former ceo, this morning soundingouldn't let the republicans market an ipad when it first came out. they can't market anything. i mean, they come out of the white house and make a statement that's nothing and then harry comes out and takes the stage for a while and talks about all the bad things they did. i mean, it's crazy. we got the worst marketing in the republican party you can imagine. >> that brings us to this morning's "squawk on the tweet." what product would you want congress to market? tweet us @squawkstreet. >> jack, never know what he's going to say. the ipad comment was interesting. >> i liked that. it was pithy, as they say and quite on target i thought. talk about target, retail, let's take a look at some of those. scott brought up the gap. that may be the biggest loser. down almost 7% on not good comps. abercrombie and finch, macy's. this continued weakness in apparel which we've been mentioning for quite some time on the show and whether or not that's going to be fixed in some way or whether there wi

. >> oh, my god, jack welch, thank you so much, jack. that meant the world to me. so meaningful. s&p 500 closing at another record today as it locks in the best weekly gain in three months. jackie, let's see what's moving and shaking these markets. over to you. >> hey, maria. what a week it was. where else to begin with other than google which broke through that $1,000 a share mark for the first time ever after reporting that blowout quarterly earnings report. the stock went public nine years ago. $85 a share. look where it is now. meantime, another big winner, chipotle. it missed earnings forecast, investors focused in on better than expected revenue growth 18 %. same store sales coming in as better than expected 6.2%. jpmorgan reaching a tentative settlement with federal housing finance agency to the tune of $4 billion. this according to dow jones. the settlement stems from the claims that the bank misled fannie and freddie about mortgages it sold them. general electric hitting a five-year high after record backlog of orders which positioned it well for 2014. ebay spiking late

matt welch, irin carmon, national reporter for msnbc.com. good to see both of you. good morning. >> good morning. >> the administration, i think, has kind of a fine line to walk. they have got to acknowledge, obviously, that there are problems here shall but irin they also want to stay positive. how are they doing? >> a lot of people expected president obama to be apologizing but he's robustly defended the afford kaable care act. it's the october 1st deadline was demar katd as things coming into effect and a lot of the other provisions, suches athe preventive care and being on your parents until you're 26, they rolled out quietly. even people who are rooting for obama care to succeed, who agree with its goals in getting uninsured people covered are disappointed, so a lot is going to depend on the next few weeks and whether they're able to get this in line. >> he came on this program, ezekial emanuel. he writes a piece in "the new york times" about how to get this fixed. starting now the administration needs to initiate a concerted effort to win back the public's tru

we also have matt welch and rob reynolds, chief executive officer, good to see you. we will probably have to break to go to that house speaker every week now. bu do think the market is factoring in that this deal will get done and by this kind of deadline on thursday? sorry, bob. we're going to interrupt, here is house speaker john boehner. >> good morning, everyone. our leader team met with members today trying to find a way forward in a bipartisan way that we continue to provide fairness to the american people under obamacare. there are a lot of opinions about what direction they're going to go. there has been no decisions about what exactly we will do. but we will continue to work with our members on both sides of the aisle to try and make sure there is no issue of default and to get the government reopened. >> this point we talked to our members. it has been very clear all along what we has republicans in the house have wanted. we wanted the democrats to sit down and talk to us so we can work out our differences and we have been saying since day one we believe th

welch. >> thank you very much, mr. chairman. mr. burke, thank you for being here. your testimony mentioned a few carriers in vermont are investing in fiber. my question, what policy decisions would change carrier incentives to invest in rural areas? and author regulations that are imposing unnecessary costs that are hindering any of that investment? >> thank you for the question, congressman. i think that it's a very tricky question when you get to how do we move out into a better business plan in more rural areas. dollars are dollars. i guess to call on a predecessor of my own, i would go back to my grandfather. he was a dairy farmer and i can remember when i was little he said, do you know why this still has three legs, johnny? and i said, no, sir. i don't. he said because if it had to it would just fall over. and i think that's actually, i think that's actually what we may be dealing with here. i think we actually have a potential as we move forward into an ip world. we are moving there. to be able to do it in a better and more focused way if, in fact, we use a

. >>> a bit later two more people were shot at 73rd and welch street. a woman was shot in the neck. her condition is not known. >>> more than 30,000 runners this weekend took part in the san francisco nike marathon. the running pack crowded around union square. then they went to the presidio and golden gate park. all the finishers receive a tiffany necklace and proceeds benefit the leukemia society. >>> >>> for the third week in a row the sandra bullock, george clooney movie came in at number one. it has earned more than $170 million. tom hanks captain phillips held on to third place. and escape plan rounding out the top five. >>> form apple re -- tomorrow apple ceo tim cook will unvail updates to the apple devices. that includes the ipad mini. apple manufactures have reportedly struggled to make a lot of the smaller displays that fit the mini. that could result in limited supply and translate into lines outside apple stores when the new mini launches next month. >>> the national weather service is warning big waves are hitting the northern california coastline. they are expected to

. >> adam, i can promise you if you hired somebody like aack welch to walk into d.c. and really streamline it, he can cut 10, 15, 20% ougt of it, and everything would be ok. and i don't disaee with that. i don't disagree we should try our bestst to proritize. the question is, do w need these nonessential people? yes, we need them. for all sorts of reasons. >> the question is, has it impactedamerica? would it impact america -- >> in many ways, charles. to keep the government as bloated as it is? it grows faster than the rate of inflation. we all know there's redundancy and waste. we kw that. meantime, everyone watching this show jt about in the last fiv years had to tighten theirown belts. they had to make adjustments in their open liwn lives. the only thing that's grown is the government. we can do without a bigger governme. >> there are a lot of officials of corporations getting paid enormous amounts who are also nessential but who t it through cronyism. cronyism is a fact of human life. it's not just a government phenomenon. it's a fact of human life. as a stockhold

and round of applause to the author of the little bookstore at big stone gap, the one and only wendy welch. [applause] >> thank you, chuck. little bookstore owners have to stick together, particularly in this economy. well, as i'm getting started, i just want to know how many of you have actually read the book and how many have just heard something about it? okay, that will guide a little bit of what we're talking about today. well, the little bookstore of big stone gap -- and thank you for bringing a copy with you. good. the little bookstore at big stone gap started about six and a half, seven years ago now, and it started because my husband and i fled a job that was soul destroying, and we wound up kind of heartbroken and broke in a very small town in southwest virginia where i was going to take a simple job and do it for a year, and we were going to just hang out and regroup and rent something and get our feet back under us and restore our faith in humanity and move on to something else. i had just gotten a ph.d. in one of the most useless degrees possible, and the economy was tanking.

. >>> plus -- can you believe raquel welch is 73?ith deborah norville. >> deborah: hello everybody and thank you for joining us. things are getting back to normal in washington, d.c. today after that terrifying incident in which a woman attempted to crash through the white house gates and was then pursued by police. we know now more about that woman who did indeed try to breach the white house barricade before she headed down the avenue in hot pursuit by cops in washington, d.c.. the woman was a dental hygienist and she was a mom and we can tell you she apparently been increasingly troubled in recent monthsment paul boyd reports. >> she's the deranged woman who was shot dead trying to crash her way into the white house with her 18-month-old daughter in the car. but these exclusive photos shed a very different light on miriam carey. a delusional woman who reportedly believed president obama was stalking her. >> i was thinking wow. this is crazy. this is not her. this can't be her. >> angela attended dental hygienist school in new york

it is not going to happen. >> the matt welch guarantee. >> if in trade were still in business, i wouldappen. what the republicans have, although they've squandered it methodically over the last several months, is public opinion on their side about the debt ceiling increase. 24% of americans don't want it increased, period. 55% in addition to that say, well, if you're going to do it, have spending cuts with that. that's an criminal advantage and negotiating position. they have screwed that up because they talked about defunding obama care, which people didn't want. >> that's an interesting and important point. congressman nadler, what we saw last time around is that public opinion shifted a bit as they got closer donate ceiling. >> yes, and as people understand that the debt ceiling is not, as most people think it is, enabling more spending. it's simply enabling paying the bills that were already incurred a year or two ago. >> and my question to you, congressman, is there's this argument about -- this is a broad kind of macro argument, but in these moments, i think quite relevant -- abo

. >> for welch who lives in georgia, one of 36 states that did not open up their own health exchange, she finds relying on the federally designed website frustrating. >> i am fully registered. my application has been sentence in. i am now able to see a button that says: view your eligibility results. i can't get past that button right now. >> do people in the state of georgia and specifically you have any assistance in nav gating through this process >> in ryalty, no. people have their person alanlal advisos. i am working with mine but there is no assistance from the state at all. there is supposed to be a role call in and navigator. the state of georgia has approved six people. >> that's not meaningful. >> so for sesly welch, she is on her own. >> that's because the state of georgia has decided they don't really want to assist people in getting insurance. >> that's by design. governor nathan deal has said to the federal government, i don't want your money to expand medicaid. >> that's affecting some hospitals, especially here in atlanta. >> well, i think part of it was not wanting to

removed by israel as part of the peaceful deal of the group of twenty six was greeted with while welching garza more than two thousand people attended the ceremony held there by the palestinian president in the west bank for a final agreement to be reached and one hundred four convicts are set to be released in the following months. and protests erupted in ankara against the turkish conservative government on the country's republic day right place by dancing demonstrations. the nation's ninetieth anniversary and is a memorial for its founder opposition parties came to government has done nothing for the republic unlike their ancestors who overcame many. a student rally in egypt in support of the muslim brotherhood has turned violent as police fired tear gas to disperse those gathered outside a university campus in cairo next week former leader mohamed morsi stands trial on charges of inciting murder and meanwhile several judges overseeing the case of other top muslim brotherhood have. the deadly storm that caused chaos in northern europe and killed at least thirteen people has now reached

terms of how to affect stock price except jack welch of general electric very famously was a book cook or every single quarter they reported this earnings number that was cooked by whoever their accounting was at the time and of course you'll have big four of big four left of the accounting agencies or used to be the big seven in the big eight except for but they've all been systematically closed down for accounting fraud now we've got four left they're all involved in accounting fraud and i'm sure that pretty soon there won't be only three left well the article on the economist is looking at a new book and it's called the road to recovery how and why economic policy must change is by andrew smithers an economist and he knows that in the early one nine hundred seventy s. american companies invested fifteen times as much cash.

hear welching all say it's good to have you with us welcome back the u.s. administration has a deadlock with congress over raising the debt ceiling with just five days left to strike a deal and avoid a catastrophic default the republicans won't be borrowing limit extended by six weeks but president obama is calling for a long term solution and has the latest statement from the white house. we cannot have a situation where we the debt ceiling is extended as part of a budget negotiation process for only six weeks which would put us right back in the same position that we're in now. meanwhile the government situations remain in chandon which has put hundreds of thousands of workers on unpaid leave the crisis was sparked off to republican lawmakers refused to sign the affordable health care program known as obamacare the shutdown has now canceled a vital lifeline for many cancer patients who are being denied his treatment and one of them long been grievances to see. lives are at stake two hundred people are trying to get into trials at an age each week and each

welch for his courtesy to me. thank you. i would like to begin by welcoming a fellow citizen of michigan, >> mr. mark iannuzzi, this morning. his company, telnet worldwide, offers valuable services to the businesses of michigan. at issue this morning is the transition to ip-based communications networks. as some of our witnesses have noticed, this transition is already underway and has the potential to confer significant economic and technological benefits on our people. but we need to learn more about what that transition means for the future of communications in this industry and particularly as to how it will affect the consumers. incumbent carriers make the very valid point that they are required to maintain tdm networks at great cost despite the fact that only 30 percent of all americans used ilec switched networks in 2012. it is my view that the billions spent to maintain legacy networks can be be more efficiently based and invested in ip-based networks that will be the backbone of the 21st century telecommunications.

terms of how to affect stock price except for jack welch of general electric very famously was a bookkeeper every single quarter they reported this earnings number that was cooked by the whoever they're counting was at the time and of course you'll have big four of big four left of the accounting agencies or used to be the big seven in the big eight excedrin but they've all been systematically closed down for accounting fraud now we've got four left they're all involved in accounting fraud and i'm sure that pretty soon there won't be only three left well the article on the economist is looking at a new book and it's called the road to recovery how and why economic policy must change is by andrew smithers an economist and he knows that in the early one nine hundred seventy s. american companies invested fifteen times as much cash as they distributed to shareholders in recent years the ratio has dropped back to below to look at the start cash out the ratio of cash spent on investment versus cast to ship it to shareholders and that's declined and yes he points out that there are two major reas

to report numbers that they feel are the best in terms of how to affect stock price except for jack welch of general electric very famously was a bookkeeper every single quarter they reported this earnings number that was cooked by the whoever their accounting was at the time and of course you'll have big four of big four left of the accounting agencies or used to be the big seven in the big eight except or but they've all been systematically closed down for accounting fraud now we've got four left they're all involved in accounting fraud and i'm sure that pretty soon to be only three left well the article in the economist is looking at a new book and it's called the road to recovery how and why economic policy must change is by andrew smithers an economist and he knows that in the early one nine hundred seventy s. american companies invested fifteen times as much cash as they distributed to shareholders in recent years the ratio has dropped back to below two look at this chart cash out the ratio of cash spent on investment versus cast to ship it to shareholders and that's decline. and ye

it's both good to both improv performers we are it's scripted we have a great writer truly welch i really wanted to say that i'm on are very proud of our and then there's a little room for improv and we have improv of what's the secret of not laughing but on curb your enthusiasm how did you not laugh you know what i did a lot i thought the inside of my cheek hurts it hurts and it keeps you from laughing because because on curb we had to care mercer's always went on larry and the person he was speaking to. it's not correct grammar but you know what i'm saying so. that's ok but if i had been he was terrible about breaking and laughing but then if i laugh during his take he would get upset so i learned to bite my cheek and you have a bridge that oh constantly the groundlings they would i was famous for breaking and i we had a director once that said rachel every time you start to break on stage i want you to think to yourself what would meryl streep do. and i was like well now i'm going to laugh every single time and i did and i continued to laugh and it and it really really really did make

welch's comments help to open americans eyes to the lunacy and absurdity that was joseph mccarthy fast forward some sixty years and here we are again allowing a job mccarthy ask lawmaker to run amok on capitol hill congressman darrell ices this generation's joe mccarthy or at least the big wanna be we if you're leading unsuccessful taxpayer funded which months into the i.r.s. so called scandal in the bin gazi terror attacks congressman i say has a set cite on something new obamacare on fox so called is yesterday i said announce that he was officially launching an investigation to find out what exactly went wrong with the rollout of healthcare about gov and that website i say is. the house oversight and government reform committee now looking for answers as well the chair of that committee congressman darrell issa joins me now good to see you congressman you know we just talked to ed henry and he's trying to get answers from jay carney about what went wrong and jay carney said hey look we're not interested in monday morning quarterbacking but you are right it's only the first few minute

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. >> reporter: i remember him welch this is a doonny and burk bag. how much? >> $35. >> reporter: in the store it would be a fortunate. it's beautiful. all right. we have lori. how are you doing? >> good. good morning. >> reporter: wee a lot of vintage stuff this year, which is fabulous. >> we do. more than we've had in previouss . it's absolutely gorgeous. we have everything from the early 1900s to 60s, 70s and 80s. all great stuff. >> reporter: what you are you wearing? >> a saint jones evening jacket that's beautiful with lots of spark. it would be hundreds and hundreds of dollars. it's fabulous. >> reporter: look at all the pocketbooks and handbags we have. >> we have tons of them, ravens hats, ties, lots of things for men. >> reporter: we want to talk about men's clothing here. we're into it big time. let's show this jacket. this is a joe bank leather jacket. it's going to go for? >> for $40. >> reporter: $40 brand new. got to show this suit and tie. >> this is a custom made suit that somebody donated and a beautiful pink tie. $25. >> reporter: unbelievab