we do mention bank of america and union battles as well. they are our banking partners as well. wells fargo is still here. that describes itself as a community financial institutions as well. they do a lot of philanthropy. we are talking about on e part of the work that is not as strong as it can be to protect households against defaults. we need other banks to help from moving toward foreclosure. there are a bank that is based in san francisco. the federal reserve last july had penalized wells fargo at $85 million. other banks have not received such a penalty before around the foreclosure crisis. that was the reason for wanting to include wells fargo in the release. i think it makes a stronger statement. >> colleagues, can i say that i am supportive of the process of the drafting of the resolution? i understand the sentiments. and being even-handed against all banks instead of singling out one that is are locally based bank. i will be supporting the process of the original language. can we call a roll call on the motion? >> i am not in -- critical of the inclusion of the langua

well they said it may be. may serve as political leverage a bargaining chip within our own political system there are your where of perhaps the. senator cardin this bill. pertaining to mr good my good ski there are now thirty three. including the senator himself thirty three co-sponsors of that legislation in the senate so they feel very strongly about that and maybe saying we are going to lift jackson vanocur but we won't do it unless we have something we can put in its place that will have a similar. power to effect positive change in the human rights mentioned enrique thank you very much and just to remind baton yesterday here was time throughout the day that presidents are the u.s. russia business comes and that's for all of us if you want to have your say and spot along with someone in montreux three times he makes time to. time i put he done wrong and that's key spots in trying to talk about more recent comments on what's going on kid outside russia for them to stay home on t.v. taking. please. or. at le

and he has had some personal experience with wells fargo as well.o "the young turks." >> hi how are you today? >> great. first tell me what your group is. >> it is based in the bay area in san francisco, but it is more of a national group. our group along with a few other groups bonded together. >> i love my spanish. all right. wallace what happened with you and wells fargo? >> well i had a -- i bought my home in 1988. i'm a retired school teacher, and i was approached by the -- a mortgage lender and he gave me a $450,000 loan and that happened to be from wells fargo. it ballooned -- just skyrocketed out of proportion. i mean it went from $450,000 to 850. okay. it was to the point where i couldn't even -- i couldn't live because i couldn't pay the mortgage. i end up selling everything i practically had just to stay above water. i went to wells fargo to try to get them to work with him. i called them. i wrote them letters, but to no avail. so i finally went into bankruptcy, and wells fargo just -- they didn't come to my aide at all. they sold my hous

well, obviously that's not right. and he really represented the people who lived there, sort of there was a kind of gilded youth in the early 17th century. europeans were beginning to come, trade was, the external world was picking up amount ofnd was in a pictorial way chronicling this. and so we get a painting like this, which is extremely rhythmic and really focusing on the individuals, even though as portraits we wouldn't see them that way because they're very idealized in their faces. we don't know exactly who they are. but it does get the mood across. >> the next thing is the study of a blue bull. this is in 1589, to 1626, the blue bull. >> he doesn't look blue in this painting but in fact when you see the animal, it's got this sort of bluish, this gray, in reality, which has a ting of sort of smoky blue about it and the name of this animal in india is n-e-i-l gui which means blue bull. this is very much a animal favorite 100ed by the mughal. sheila brought up the issue of the idealized figure in the iranian worl

morgan and wells fargo what we'll hear next week? >> it's norwood extrapolate to the other banks because wells fargo and j.p. morgan are among the best capitalized and best managed bank in addition u.s. next week brings a whole motley assortment of u.s. banks of ones that are experience legacy assets and troubles. however, we would think that the trading results from the largest banks should be fairly strong. >> tom: okay. certainly in the fixed income in the bond business. we saw that with j.p. morgan, for instance, today. eric, we appreciate the inside in the banking business. cding on along with us tonight from s & p. >> thanks, stop. thanks to higher prices for food and gas consumer prices crept higher last month, but cut if you didn't eat or drive, prices were steadier. the labor department says the consumer price index rose three- tenths of 1% in march, excluding food and gas, so-called core prices increased just two-tenths of 1%. meantime, after nearing $4 a gallon nationwide. you may have noticed gasoline prices have gotten e

model issue there as well. they are reporting next week. it will be interesting to see what they say. but wouldn't you put that in a different category? and wouldn't the risk in netflix be greater than say the risk even in a bp where you were buying the headline risk? >> bp one of the reasons we were comfortable is they were the fourth most profitable business in the world. they had enormous profits. enormous hard assets. incredible balance sheet that gave us a lot more conviction. i have never seen panicked headlines like those around netflix. a former darling in three months. the stock went from $300 to $77. people, you know, they had this horrible botched qwikster idea. >> they've also got a model that's challenged. the challenge with the model of course is if they really want to get their streaming content up to snuff, they're going to have to spend a lot more money. that's going to have an impact on the profitability. lumpy for lord knows how long. >> this is one where we manage the position size. never le

those were debates. >> well, well, well. >> hey, it's michelle bachmann.ight. >> there was oon a moment when i was the frontrunner, and then it all fell apart when newsweek ran a very creepy cover photo of my face. >> oh, that's right. hey, come, on michelle. show us the news week face. >> i couldn't. >> come on. ♪ chanting news week face >> all right. fine. is this bar serving food? i am starving. >> we can always order a pizza. >> herm! >> oh, no, guys. gingrich is here. >> can't believe you are still in the race. i heard his campaign is completely out of money. >> uh-huh. >> oh, man. look. he is stealing nuts. >> that is hilarious. the real gingrich, by the way, admits that his campaign is running low on cash, but he says he'll stay in the race until romney does clinch the nomination. >>> a tornado touches down and new warnings go up one day after a deadly outbreak. the threat now shifts east. we'll have the latest on the clean-up and the new warnings. will you marry me? i think we should see other people. in fact, i'm already seeing your best friend, j

well this week is stop cyber spying week a number of organizations like the a.c.l.u. the center for democracy and technology electronic frontier foundation and fight for the future are all getting behind the next battle over the internet that's happening here on capitol hill and this time this is the target now cispa stands for the cyber intelligence sharing and protection act and it's working its way through the house so under the banner of cyber security business bill would allow private companies to share personal information with the government but yesterday responding to pressure the house intelligence committee announced changes to the bill for trying to appease privacy advocates now the new provision would use a different definition for what constitutes a cyber threats and would require the homeland security department have access to all information shared with the government but also give people in companies the right to sue the government if it mishandles their information but we have to wonder if these changes are enough and if we can really get a mobilizati

the market does well.echnology is number one. so if the broad market continues to do well, if earnings continue to do well, as if i think they will, there's a pretty good chance that stocks and industrials and other things tied to global growth will do well in that environment. >> tomorrow we get the banks, banks are the financials this year. they weren't last year or the year before that. but this quarter and so far this quarter it's been a big leader. do you like the financials? >> we don't bid on sectors in that degree of precision. but i think financials have become a high beta sector. so i this if i'm right that the market does well, i would expect financials to join technology among the sectors that do better than most. >> there are still plenty of people looking for income and they are certainly not getting it from the bond market. they look to equities for income. do you look for income be? is that a strategy you look at as well? >> well, income-producing stocks are better in nature. clients lookin

how well is alexander. legacy how was it kept in the family well that's another good question. i would say it depends on the family the european a manly jogging. i have a genealogy family in my guess is that there are over two hundred fifty of them living piece today living people dozens of families yes absolutely here is that right now is that the reason for that is that his son now xander had a very large family he had ten children. and they of course had their children you know so branch of very quickly and. the other two children that harrison had one of them never had any children but the other did have and her family also spread out and she had four children over onto a living all over in the states and europe. and so some of them are coming for this event i hope to meet some out a lot of them of course i don't know but i'm looking forward to those really like the pushkin's of the tall stories because they're good. at can you judge how. really hasn't let you see is steady by historians by. by the. well thanks to as you point out thanks to isaiah berlin he's in fact studie

well i think the key currency and one that we haven't talked about so far apart from well being and and your usual i think eight dollars in pounds is our environmental resources and this is one thing this is one reason why it does make sense you could perhaps if you were living one hundred two hundred years ago i might have said oh you know government doesn't have a role it's not in well being it's not you know it's not it's not necessary for government to get it to interfere or to be interfering but at the moment we have a situation where our environmental resources are getting more and more constrained there nine almost that we know only billion people on the planet and by twenty fifty the planet isn't getting any bigger the amount of resources we're having is in fact getting less and we do need to start thinking a little bit more seriously about whether we have enough resources to achieve the kind of quality of life that some people at least have been enjoying in the in the beginning of this century and the last century and the evidence just that we don't have enough and that's one o

well people perceive the happiness. regardless of whether economic growth or whether pursue wealth they will primarily and instinctively pursue happiness and they can do that in one of two ways they can or both ways they can vote they can vote for the politician who they think will make them most happy and they can go out and buy things and go and buy things pursuing wealth trying to get a better job increasing their salary is not some narrow obscure objective that we've been focusing on too much in society and it's a incredibly broad it's the broadest possible aim that you can now because money's just a token with which you can do anything you want to go on by fine food or go on holiday or stop working or retire early you will need money to do it so it's a very broad and sensible objective to pursue wealth for yourself because it shouldn't be your only objective and if it is your only objective you'll be very unhappy and i'm not going to argue that sometimes there's a market failure there is buyer's remorse people some

and barbie as well. i made sure my mother hung on to every last one of those barbies. >> and you still have your ken doll. thank you, courtney. >>> treasuries rallying again. seeking out relative safety of u.s. debt. rick is in chicago with the details. rickster? >> thanks, michelle. >>> this is a chart of the emini s&p futures contract. shadow boxing all morning a. >> with we notice how retail sales, weather issues, housing sentiment index, all affected not only the equities but of course interest rates. here we are virtually unchanged, close to 190 a yield. even though there's better strength in the equities, this traders continue to really hold hostage the better weather is potentially keeping some of the data point up. now if you look at the next chart, we're going to switch to currencies. year today, chart the dollar yen. the dollar gets hit hard against the yen of late. as you look that pattern, you can see we add strong rally at the beginning of the year. now the euro, let's look at euro yen. you

>> well, to never say never.n, truthfully, just in the last two years in which i wrote this book and sold the book, it became a very different ending. you know, by meeting christian. i said i would never get married again, i'd never do "dancing with the stars," they'd asked me every single season to do it. >> you were fantastic on that show. >> thank you. i had a really tough time and i also look back on it and i miss it and i miss my partner, derek. it's one of the accomplishments of my life that i'm most proud of. >> you should have won it. you got the most votes. >> you're so sweet. i did get the highest scores, but jr was a war hero. i was never going to beat a war hero who could dance. he was a really good dancer too. it was a life-changing experience for me. i also said i would never go back to daytime tv, here i am eating crow and going back to work. >> you're also wasting away. >> oh, you're very sweet i'm wearing black. >> you have lost a staggering amount of weight. >> in stones. i used to weigh 260 pou

wells fargo j.p. morgan citigroup also on that list up there is bank of america and take a look at hedge funds they've really increased their spending a lot too and also private equity which is obviously attracting new heat these days if we can do that for you see it there with mitt romney is the republican front runner and his bain background getting a lot of attention so remains to be seen what that number will look like for two thousand and twelve now the biggie for finance recently posted anshul crisis seems to really have been dog regulation and more recently the volcker rule portion of it which we've been talking a lot about now we see the facts and figures but how exactly do special interest influence washington how does it work well we're lucky because today we have an insider here to tell us our guest was the republican super lobbyist kevin spacey played him in the movie version because you know jack we played a bit of he was convicted on charges of fraud corruption in conspiracy related to h

well, think of how much tougher to comply with volumes of federal regulations as well. for these entrepreneurs, it takes determination and shrewdness to stay plugged in. ♪ i'm a television man >> when people talk about mom and pop businesses, they are usually thinking of places like candy stores and restaurants, not cable tv systems. >> it is all glass cylindrical tube gives you a 245 inch picture tube. >> reporter: why? because everybody knows that the cable tv industry is dominated by giant corpses such as time warner, and our parent company comcast, and each with millions of subscribers. >> comcast is 20 million and so that is big. >> reporter: what most of us don't know about cable tv is that there are well over 100 microcable companies across the country like buford media group in tyler, texas, and it is owned and operated by one man, david hooks. >> reporter: david, you have gone through every evolution of buford. >> like many en tre tre neurs he takes pride in his business. >> i can't own a big company, but i have the same entrepreneurial spirit and i own it and

that had a bad rating of course you would what about a bond government bond stays over max keiser well we're going to look at that you know one of the biggest bonds in the world is the u.s. treasury bond it runs the entire world so i'm going to flashback to oh about three or four weeks ago egan jones downgrades us a from double a plus to double a out look negative that's right there's a big trend around the world sovereigns around the world are downgrading america's triple a rated credit this is actually another a second downgrade a trend toward downgrading u.s. debt exactly now that egan jones their credit rating agency. headline this week s t c pursues egan jones moody's and s. and p. remain at large the securities exchange commission voted thursday in favor of bringing in administrative action against egan jones in what would be an unprecedented move the f.c.c. could seek to punish the firm by stripping it of its ability to issue officially recognized ratings on securities tied to government debt and asset backed deals an f.c.c. spokesman declined to comment the move stems from alle

>> well, i know that...i would imagine it's folks are discouraged, and i can see rightly how they might be discouraged economically, if people are living from hand to mouth, paycheck to paycheck, or they're out of a job. but as long as this country is going to be the country that it is, the best way to make progress is to participate. i also would say that i... i don't... i do think that there still is a place for folks to rile people up in a civilized way, in a productive way... >> hinojosa: but that's what democracy looks like... >> yeah, i'm not saying that everybody has to be... >> hinojosa: it's not going to be pretty. >> sure, you know, not everybody has to have a suit and tie on and act like they're in a boardroom. i mean, in fact, the progress that we've made has come because you've had a spectrum of people like... like my mother, like henry b. gonzález in coness at that time, like folks who have been pioneers in the boardrooms of america. and so you know, there is a place for all of that, but as lon

well, in that case, i better get bk to these invoices...hh i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announcer ] marriott hotels & resorts knows it's better for xerox to automate their global invoice process so they can focus on serving their customers. with xerox, you're ready for real business. so they can focus on serving their customers. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. >>neil: this is the part that occurred to me at white house trying to save face over the gsa expensive party and they brag about saving over payments to contract, by stopping money that never should have been spent in the first place. david williams, you are not celebrating? >>guest: no. let me say that obviously we support any time they want to save money but when

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he'd want to well. we never got there but says they're going to keep you safe get ready because you're going to be freed up. very good. luck in the alona so they'll get a real headline with none of them or see the problem with the means.

it's a well-known principle. defense lawyers don't let their clients testify but today in his bail hearing covered by all three cable networks, george zimmerman took the stand and told the parents of trayvon martin that he was sorry for their loss, that he did not know how old trayvon was and that he thought he was slightly younger than himself. the judge set bail at $150,000. also on trial is florida's stand your ground law. florida led the nation in implementing the law. now that governor rick scott has designated a task force to stand your ground, could it set the stand for repeal or revision? plus, republicans are discouraged about mitt romney's prospects and democrats plan to make them more discouraged. give up the romney is a flip-flopper argument and hold him to all of those right-wring positions he took in the primaries. and there's more fallout. three more agents are out. finally, let me finish with the number that will determine whether obama or romney gets elected this year. we begin with george zimmer

well. technology innovation all the least of elements from around russia we've got the future coverage. home.

no. >> well, is that a problem?is is a major problem for the prosecution. >> this is huge. >> it's absolutely huge. because if trayvon martin started it. if he was the initial aggressor, then self-defense may be appropriate. we still have to see what the facts are. but what's really unusual here is he calls a police witness the one witness who was involved in the probable cause affidavit, that affidavit that everyone's been critical of and he basically tears him apart and shows there's no basis for some of the conclusions that were in the affidavit. so i think he really, really damaged the prosecutor's case in this little bit of cross-examination. >> and janet, this does appear to go to the heart of everything when people have conversation. well, if george zimmerman started this, he does not have a defense. but if they're not clear on that at this point, it does seem that it would really hurt the prosecution. >> oh, it's devastating because preponderance of the evidence is the first standard that's going to be appli

and later well the haze of last week's four twenty clears where does the effort to end richard nixon's war on drugs stand today. we begin tonight with the american legislative exchange council also known as alec on monday the organization common cause filed a complaint with the i.r.s. arguing that alec should be paying taxes you see alec claims to be a nonprofit public charity it is those exempt from paying any taxes a common cause as well as anyone else who knows exactly what alec is really up to knows that that's all a masquerade it's all a sham alec is not a public charity and never has been a public charity it's a right wing think tank that gives new meaning to the word lobbying by writing its own corporate friendly legislation and then handing that legislation off to republican state lawmakers to pass and there were specter of state legislatures to corporate profits at the expense of working americans and that's what alec is that's what alec does as the president of common cause said. in a statement quote alec tells the hour i.r.s. and its tax returns that it does no lobbying it e

>> well, mostly it's just me. it simple, and i try to keep it neat and clean, and i take great pride in the fact that i wash and iron my own shirts. the cleaners just ruin them. and about 15 years ago i got tired of broken buttons and white shirts that were grayish, and so i can tell you how to wash shirts well, and i can talk to you about the best iron in the world. >> wow. you spent your time learning to iron shirts, and i spent my time trying not to iron shirts. >> i understand. i understand. >> the other way around. is it peaceful for you? is it therapeutic? i can't imagine doing it. you just want it done right. >> i want it done right. it's a pain, but when i put my

>> well, you have to think cl r clearly, be reasonable and rational, write well and just have a sense of fairness, i thi think. all of those qualities come in and others as well, but it's a challenging job to be an appellate court judge and to try to explain well your reasons for everything you do. that is very challenging. >> i asked justice o'connor if she had a role model and she rightly pointed out, i think in her own way, that she was a trailblazer and probably didn't follow the path of many, but i'll ask each of the other justices who was your role model and couple that with the question about how important it is to young women today to see you on the bench of the supreme court. >> well, sandra and i come from the era when women were simply not judgments and very few of them were lawyers. >> that's right. >> i think when we went to law school, 2%, 3% of the law students were women. >> if that. >> and we never saw a woman teacher. we -- there was no title vii so employers were up front in sa g saying that they really were not interested in hiring a woman. >> that's right. >> and

>> well, i think mitt believes in fairness as well.inate and come out and lower flatter tax rate. maybe not as low as forbes is but simple and in that approach. mitt's certainly got a challenge because i think the president is appealing to the most advice ral gut instinct essentially trying to redivide the pie when in fact we ought to be growing the pie. >> who said it first? someone said it, if you've got 50% on the receiving end, that's a pretty good number if you're in an election, isn't it? if they are on the receive end of government largess. >> i hope you're right. we'll see. i hope you're not right about what happenses in the election. you're laughing. >> i didn't laugh. >> great to see you, tom. >> next month, tom will be on. >> i'll be wearing my lululemon. >> you wear lululemon or you don't wear anything at all. >> the tsunami watch has been lifted for thailand, myanmar, but remain for indonesia, the maldive and sri lanka? what can we expect from the first quarter results and what do we expect next? that's after the break. [

the you do well, the economy does well. this is about the economy. >> it makes good economic sense to keep interest rates for college students at reasonable levels. but republicans have different ideas for economic growth. mitt romney's speech last night was short on policy, specifics, but long on republican party talking points. >> we will stop the unfairness of urban children being denied access to the good schools of their choice. we will stop the unfairness of requiring union workers to contribute to politicians not of their choosing. we will stop the unfairness of government workers getting better pay and benefits than the very taxpayers they serve. >> let's see, school vouchers, union busting, eliminating good-paying, public sector jobs. romney is reading right out of the scott walker playbook, which is no surprise considering how highly romney thinks of the wisconsin governor. >> it is nice to be in a hall of champions tonight. and i say that -- you guys, this is the place. chairman priebus, thank you. paul ryan, wha

that's what he does as well. if you have to invest against that, put your investment manager hat on and tell me what you make of those comments and how you would invest against it. >> this is what i think. if you are an investor in goldman sachs or any of the investment banks, what i heard today was we're going to try to manage these businesses assuming that the regulatory environment continues to get even more difficult, but we're going to have to find ways to create new revenue streams and grow the business even with those sort of impediments in the way. so the idea is from a return on invested capital stanstantdpoint, manage expecting the worst and hold on the upside. there was a lot of transparency and realism and the idea that a lot of mistakes have been made and it's going to take a long time to change the image. by the way, on the image, i must say i ran over here from across over on -- i do know mr. alec baldwin -- >> he was tweeting about you. >> apparently tweeted about me and something along the lines

>> well, a couple of things. first is, i don't think it's realistic to assume that the aggressive enforcement of sections 3 and 5 in arizona is going to lead to a mass migration back to countries of origin. it seems a far more likely outcome it's going to be migration to other states. and that's a significant problem. that's part of the reason why this problem needs to be managed on a national basis. beyond that, i do think, you know, the -- it's worth bearing in mind here that the country of mexico is in a central role in this situation. between 60 and 70 percent of the people that we remove every year, we remove to mexico. and in addition, we have to have the cooperation of the mexicans. and i think as the court knows from other cases, the cooperation of the country to whom we are -- to which we are removing people who are unlawfully present is vital to be able to make removal work. in addition, we have very significant issues on the border with mexico. and in fact, they're the very issues that arizona's compla

you actually see well there are plans. of peaceful transition of power in syria and some of these plans include include guarantees safety guarantees provided to the sheriff a last. port one of these plants if it starts to be implemented will be provided to us well i would point of this way that there are speak english and i was there about possible guarantees due caution if he steps down but graphically we did not hear from any party and the discussion on how to implement this. well is for the shuttle us to decide whether he continues his political life or his thumbs down or he. will transfer miscues authorities or someone else actually he already did this because he said so his deputy shadow would be in charge of a. political process a political process with the opposition if political negotiations start so it's up to them to decide as i said in the beginning. even there is any. perceive believe he or any scenario that would be acceptable for all. major polluters in syria of course russia would support any any any optiona

that worked out well. well, your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, last night the rangers blanked the senators to take a one-game lead in the stanley cup playoffs. here's nbc's fred roggin with an early look at all your sports headlines. >> good morning. a hot goalie can make all the difference in the stanley cup playoffs. you combine that with the best team in the eastern conference, and you've got the new york rangers. game three against the senators. scoreless until the third period. rangers got a fortunate bounce off the boards and the puck went right to brian boyle. rangers up 1-0. hinrich lundqvist did the best. senators threw everything but the kitchen sink at him and lundqvist stopped all 39 shots, a shutout to boot. rangers won it 1-0. they lead the series two games to one. >>> now to washington for a good one between the caps and bruins. third period and brooks gets behind the defense and scored the equalizer. that tied the game

well, here they have pumpkinhenge. those things floating outside pumpkinhenge aren't dementors. they're druid ghosts. could you carve a pumpkin as well as these people did? >> no way. that's, like, impossible. >> and also while you're walking around, take a look above and look and see if you can find king kong perched on a building. >> i think it's really cool how, like, there's so many different designs. there's sunflowers and caterpillars and spider webs. i think it's just really cool how they carved them. >> could you tell me a little bit about this exhibit? >> sure. this is perhaps my favorite exhibit here. this is a buzzing beehive, and you can see all the little bees that are buzzing around the hive, and this is something that was created first time last year, and i just think it's fantastic, and i'm glad we have brought it back. >> i think it's very cool. this is our first time here, so we're really enjoying it. >> i think it's pretty impressive because to carve all those pumpkins, it must take a lot of time. >>

a company like intel or wells fargo, i mean, there's some really, really well-run great businesses here in the united states that are significantly underpriced. and a lot of it has to do with the whole fear factor, that money is parked in bonds earning nothing. meanwhile we have equities at low valuations. and these corporate entities are still growing their profits despite moderate growth. >> david, thank you so much for joining us today. have a great day. >> you're welcome. >> it's truly a day. what is the mood on the streets, bob, with regards to what we can expect from the second quarter? since we're now in the month of april, one of the best for equities historically, what is this tug of war that's going on? >> well, the good news is china's helping with the pmi. but april is off to a strong start partly because of china, but just because april is historically strong and traders know that. so they tend to invest ahead of that. look, the good news here is that the biggest in-flows of the year happen in january when you get new money coming in and right now in april that's because of

>> reporter: well, u.s. officials say you should have absolutely no hesitation when you pick up that gallon of milk from the store this week and that's because mad cow disease cannot be transmitted through milk. that's according to experts. although we do know that some dairy cows are used up for pet food and others are ground into ground beef for human consumption, including hamburgers at fast-food restaurants and on school lun menu -- school lunch menus. this infected cow was never on the way to the slaughterhouse, so there was no risk. a retailer in south korea says it will suspend sale of the product. the usds says there's no reason to panic. >> the safety of our food is addressed through our interlocking safeguards and through the removal of any type of material that contains the bse agent in the united states. >> investigators are still trying to figure out how this cow got infected. usually it's from seed but that's been ruled out. 40,000 cows are tested for mad cow this year and critics say there sho

and south bay commute looks good as well.n 280 and 85 is looking good and we had a couple of rough days with two imagine crashes but right now it looks -- two major crashes but right now it looks good and 580 looks good as well, let's go to steve. >>> mostly clear inland but a lot of fog on the coast and working its way to the peninsular and north bay so there is a lot of fog. there is a west wind in place, fog, sunshine near 80s. >>> a little closer to the coast. now they are moving out and still southwest at fairfield, that is a decent sea breeze, i have seen some gusts port of chicago that being one and it is tough for them to warm up. 50s on the current temperatures, i mean for many. not far away, it is from campbell and it is a pretty smile condition. and you can yourself see that. and it is a mountain of high pressure and it will be warmer away from the coast. we need more of that northeasterly wind and now tomorrow and into saturday, it does look like the warmest two days. today though if you are well away from any fog

russia, obviously, has a lot as well. even if there's a threat of a nuclear bomb from north korea, there's appropriate response. plus we have a lot of it's united states has a lot of conventional power in south korea and in asia. >> woodruff: in other words, asking after the launch site, you were saying, before they could launching? >> i don't think anybody is proposing that. >> woodruff: going after the missile in flight. >> for many debbades the united states had a very strong deterrent force against the soviet unions. in that case, the soaves have many thousands of nuclear weapons. if the north koreans are able to develop the technology for a nuclear bomb that could go a long distance, i'm saying we have appropriate response to forestall an attack. developing the bombs and using them are two different things. there are many ifs here. this seems to be dozen d.n.a., from north korea's perspective, for power and tress teenage. this is the 100th year of the founder the country. i don't think there's an aggressive intent in

that's all well and good. but when you're talking about the big oast prize in golf, it runs a lot deeper than that. this is about achieving something that like-- my little corner of the world-- like i had this little dream born out of an 11-year-old brain. these guys had the same thing when they were young kids. they're standing over a three-foot putt on a practice green, ask they're mentally eye know the tape playing in their head because i mean i was hitting the play button and rewinding it and playing it again. that was some announcer telling me i'm putting to win the masters, and i don't care if you're from australia, korea, england, the united states, you've been saying that your whole life. listen, i have a real responsibility come sunday when that moment's happening and the guys walked the 72nd hole, i've got to document what that moment means to that guy. and there is nothing i can script out for that moment. there is nothing i can dial up on a computer that's going to tell that moment any better than

>> well, it was to be... not to go into all the details but it was to have the bare outlines of it over $4 trillion in deficit reduction. it recognized that to do that... >> rose: over ten years. >> over ten years, yes. at least. you know, get us down that path but at least $4 trillion in deficit reduction. that would have been great. in order to do that, there had to be sacrifice and change on all sides. the president was willing to address some sacred cows that were not particularly popular on the democratic side. >> rose: which one did he address? >> well, he talked about mandatory spending in terms of entitlements. snipe did he offer specific cuts that people could make an assessment on? >> yes, he did. yes, he did. >> rose: and did it exend to the left wing of his party or not? >> my caucus stuck by the president throughout because it was part of an agreement and an agreement doesn't mean "i'll have it all my way." it was part of an agreement and when the president asked me what do you think your members

good morning. >> well, good morning. and the numbers are staggering. 8 million kids, 1 in 10 in this country affected by foreclosure. the group first focus has done this study before, but this time, they also include kids who are living in rentals as a result of the foreclosure crisis. and the numbers as you can imagine in certain states like california are just way up there. take a look, what they found was almost 2 1/2 million kids have lived in homes that were lost to foreclosure. another 3 million are living in homes at risk of foreclosure. another 3 million either are living in now or have lived in rental homes as a result of foreclosure loss. and in california, arizona, nevada, and florida, we are seeing the most impact. over 1 million children, 12% of those in california are either living in or have lived in homes at risk of foreclosure. and that seems to be a lot more than much of the rest of the country. florida, actually, even worse than california with 15% of its kids impacted by this. the big concern here is

>> well, no, and i do editing. they're gorgeous passages but sometimes if i get a rid of a little it might move quicker. i do that... i think i'm talking to him and i say if you were sitting next to me i would try to make this case to you that you don't need this anymore. >> rose: what's the best performance you ever saw? >> well, the best productions i ever saw were peter brook's "dream" which totally changed my life. >> rose: how did it change your life? >> well, the fairys are on real swings and it was ary hearseal room and it was no magical decor and the flower they passed was sort of chinese trick but then i saw zeffirelli's "romeo and juliet" in the theater. i saw in the venice and that was the first time when even though it was in renaissance clothes the contemporary of the guy sitting around had nothing to do with the piazza, the passion. and then i saw in italian the "the tempest" which i thought was the most magical production. so it's been productions that have actually... i was lucky. i got to see olivi