i don't think wyoming, i think dick cheney is from wyoming, i have nothing but love for jackson, wyoming. >> host: the call your also talked about the black community, is there such a thing? >> guest: there is a black community, it is' planned community, actually, kind of like irvine, california. and there is a waiting list to get into the black community nowadays, now that obama is president, you know? but it is very nice, very nice. >> host: stanleytown, virginia. go ahead. >> caller: yes. big fan, larry and big fan, c-span and -- ishtings me, too. >> caller: i would like to ask you about your previous career and the concepts and ideas you came up with, because it was revolutionary and if i did a -- if you had the show i would still watch it. it was great. thank you. >> guest: i really -- thank you for that call. all credit goes to keenan ivory wayans on that. he did a have called "i'm gonna get you, sucker" where he did a lot of pair roding and he brought the hip-hop culture into america's living room and you had the satire edge with the hip-hop culture and this dancing and the fly gi

you're calling from wyoming. mike enzi is in those conversations. those republicans in the room are increasingly pessimistic that there can be a bipartisan deal. do you share that pessimism? >> i want to work together with all people. my wife is a breast cancer survivor, mike enzi's wife is a colon cancer survivor. we know about pre-existing conditions, we know about the need to reform i know it from the standpoint of being a doctor as well as from at home with my wife. we've seen all the different sides to this. we need health care reform, it affects one sixth of our economy. it matters to everybody in this country. we can do a much better job. we don't need a government takeover of health care and we can do it without spending this incredible amount of money that we right now as a nation cannot afford. >> we will have all of you back, because we appreciate your unique insights. out of time at the moment. thank you so much for coming in today and we'll welcome you back on another day. >>> right here, fareed zakaria gps. >> he believes israel is lik

john is known by many as wyoming's doctor. during 24 yures as an orts pete i can surgeon, he served as president of the wyoming medical society and named physician of the year. he also served as medical director of the wyoming health fairs bringing low cost screening exams to people all around the cow boy state. and he also represented natrone county in the wyoming state senate for five years. please welcome senator john brasso. [applause] . next, we're delighted to have congressman rodney alexander, representing louisiana's fifth congressional district. prior to being elected to congress, rodney was chairman of the house health and welfare committee in the louisiana legislature. and in this position, rodney shepherded through the louisiana children's health insurance program, which was a republican initiative initially. although he believes there are areas where we can and should improve our health care system, rodney opposes the current house health care bill because it sets the tone in washington for a government takeover o

republican senator onbarrasso of wyoming, john price. senator barrasso and john price are also medical doctors. congresswoman, i want to start with you, because secretary sebelius at the top of the program made crystal clear that the public option that the president early on had said was a critical element and that your colleagues, especially, in the house democratic caucus have said is a central, critical component of health care reform, the white house now says too much attention on the public option, clearly signaling it is ready to sign a health care bill without one. could you support one? could other house democrats support a health care reform measure that does not have a robust public option? >> it would be very, very difficult. because without the public option, we'll have the same number of people uninsured. if the insurance companies wanted to insure these people now, they'd be insured. the only way that we can be sure that very low-income people and persons who work for companies that don't offer insurance can have access to

former republican senator from wyoming allen simpson. senator simpson, thank you for joining us from your wonderful reman tick trip to europe with annie, your wife. what do you want to say about ted kennedy, your old pal? >> well, chris, it's nice of you to call because ann and i feel very sorrowful we can't get back. we're on a cruise. it's our 55th wedding anniversary. we planned it for about a year. let me tell you, ted kennedy was a dear friend of mine. you don't have to agree with him, didn't have to judge him. we had a lot of fun together and we did a lot of work together because he was a master legislator. he believed in the 80/20 rule. if you can't get everything, get 80%. let the other 20% go over the hill and let them fight over that, but we had some wonderful times, and i grieve, i really do because -- and i think you know me well enough to know how much i cared about him. i kept sending him marvelous notes and messages filled with earthy commentary and he loved it. i know he did because vicki would wrote and say he just threw

steve leisman live in jackson hole, wyoming. >> good evening. i am steve leisman live in jackson hole, wyoming, this week, this is the capitol of the country. the prospects for an economic recovery. tonight in a special presentation, we'll bring you the best and brightest. we'll focus on two important issues, where are we as far as recession and recovery go and what is the prospect for jobs and return to normal in this economy? is the current chairman, ben bernanke the right one to lead the nation back? let's begin this special hour with a look why this conference so

onfriday, we traveled to cheney's vacation home just outside jackson hole, wyoming. he told us he feels liberated now that he's left office. and as you'll see, cheney was surprisingly candid, not only about this president, but also about ars he disagreed with president bush. mr. vice president, welcome back to "fox news sunday." >> it's good to be back, chris. >> this is your first interview since attorney general holder named a prosecutor to investigate possible cia abuses of terror detainees. what do you think of that decision? >> i think it's a terrible decision. president obama made the announcement some weeks ago that this would not happen. his administration would not go back and look at or try to prosecute cia personnel. and the effort now is based upon the inspector general's report that was sent to the justice department five years ago, was completely reviewed by the justice department in years past. they made decisions about whether or not there was any prosecutable offense there. they found one. it did not involve cia personnel. it involved contract person

no, they do not do it, mark, in kansas or missouri, they go to wyoming p.w to get out of all of those emergency measures. senior economics reporter steve liesman has more. they could do

when it comes to the war on terror, and friday we visited his vacation home outside jackson hole, wyoming and he told us he feels liberated now that he has left office and as you'll see, he was surprisingly candid, not only about this president, but, also, about areas where he disagreed with president bush. >> chris: mr. vice president, welcome back to "fox news sunday." this is your first interview since eric holder decided to investigated the cia intelligence officials. >> i think it is terrible. president obama made the announcement some weeks ago -- the announcement some weeks ago that this would not happen and his administration would not go back and look at or try and prosecute cia personnel, and the effort now is based upon the inspector general's report, that was sent to the justice department five years ago. it was completely reviewed by the justice department in years past and they made decisions about whether or not there was any prosecutable offense there and found one and it did not involve cia personnel, it involved contract personnel, and that individual was sentenced, and

fed chief ben bernanke about an hour ago in jackson hole, wyoming says we are emorninging from a global economic recession. steve liesman joins us live with all of the details. hey. >> hey, mandy. yeah, the fed chairman giving some guardedly optimistic comments on the economy. let's do the optimistic ones first and then the guarded ones. he says there are good prospects of the term -- and economic activity leveling out. the fears of a financial collapse have receded and markets are functioning more normally now. but strains remain. let's talk about some of the strains. financial institutions face significant added losses. households continue to have trouble accessing credit. and the recovery is likely to be slow at first, and the result of that, and so you're going to have unemployment going to decline only gradually. we talked last night in our special report here with martin feldsteen, and he says the economy is growing right now, but worries about 2010. >> the big question is, what happens next? what do we see in the fourth quarter and in the first quarter of next year, and there is

there will be things happening in jackson hole, wyoming. fed chairman ben bernanke will be giving that huge speech there about lessons he's learned from the financial crisis. existing home sales are forecast to rise 2.2% in july to a rate of 5 million homes. that would be a ten-month high. just a few earnings reports there, we're going to get numbers out from retailer ann taylor as well as j.m. schmucker. they make jelly. and the market leader in peanut butter. i didn't know they made peanut butter. it's a natural parent, i guess. >> if you're an american, anyway. >> 20 years ago, more than a million people formed a 375 mile human chain right across battlic countries to demand independence from the soviet union. we'll speak to the prime minister of latvia shortly. >>> tgif, everybody. i'm chloe cho. in asia, third quarter growth could hit 8.5% and warns of an abrupt slow yun. >> and i'm becky meehan. the manufacturing sectors return to growth in august. >> and i'm matt nesto in the united states. traders are going to look ahead to the fed's

bernanke spoke today at an annual federal reserve conference in wyoming. >>> time and money running outment's popular cash for clunkers program. this is your last weekend to get in on the rebate incentives. monday night, deal over. the program has generated nearly 500,000 vehicle sales, but many dealers complain they've had to wait too long to get their money back from uncle sam. i will discuss the program's successes, difficulties, later this hour with jeffrey pohanko, who operates dealerships in the washington area and automotive analyst lauren fix. >>> the president is headed off for vacation. the fight for health care is far from over. we will get the latest on the administration's push to get a bill passed. reading about washington these days... i gotta ask, what's in it for me? i'm not looking for a bailout, just a good paying job. that's why i like this clean energy idea. now that works for our whole family. for the kids, a better environment. for my wife, who commutes, no more gettin' jerked around on gas prices... and for me, well, it wouldn't be so bad if this breadwinner brou

. >> and i think if they asked ted kennedy to do something for them, even if they were from wyoming or utah, he probably did it. you know, that was part of what he did. jack kennedy and bobby kennedy always felt that the senate was a weigh station. ted kennedy, needless to say, took it very seriously. >> seriously he did. and you see the distinguished guests, about 1,500 people received invitations to be part of this gathering today. and a look at any section of the crowd will turn up famous names and faces from law, politics, news media, and what have you. really, andrea, a cross-section of the power elite in this country as we look at arlen specter and orrin hatch and so on. >> democratic representatives that teddy jr. said, his father told him that republicans were real people, just like democrats. this driving rain, perhaps the perfect weather for such a sad day, tears of heaven coming down on senator kerri there, who has been limping with a cane because of a hip replacement. senator ted kennedy was last at arlington on june 6th of last year, the anniversary of bobby's death. he an

it's a very fine old building called the wyoming from the great days of the gentleman's apartment buildingn washington. and this apartment which wraps around the whole of the top floor was originally built with this wonderful floor which you can see. this wooden floor. it's almost like an ice ring. that's why i don't have any furniture because i like rolling around it. by the architecture of the building himself, his own occupation. i think the great distinction of this apartment while i've been in it it was used by clint eastwood to film absolute power. actually one of his less good movies. it's about an art thief in washington, d.c. who needs a safe house. and the president motorcade goes up connecticut avenue. we often hear it. and came back having let the apartment to the movie makers to find all these walls were covered with knockoff paintings of the treasures of the national gallery which the clinton eastwood had stolen and i was hoping the producer would let me keep them but he had to take them away. my hood could be described -- he want to describe it as counter-armor but i think i

peter barnes joins us from jackson hole, wyoming. what is going on out there? >> well, the fed chairman taking 19 pages in a speech this morning to other central bankers and economists to take us on a walk down memory lane. we are viewing the trillions of dollars of programs that the fed has launched over the past year to try to prevent a second great depression. the speech coming as president obama for bears to consider where it -- whether or not to reappoint him to a second term. his current term expires in january. he says that economic activity appears to be leveling out. he qualifies as comments by saying that there are critical challenges remaining to the economic recovery. as a result, the economic recovery is likely to be relatively slow at first with unemployment done -- declining only gradually from high levels. neil: he more or less justified all of this government involvement that conservatives have bemoaned. this is the guy right now. >> that is right. he was taking a victory lap today even though we're not totally out of the woods. he has been out

the world's central bankers are gathering in jackson hole, wyoming.ur own steve leisman will be reporting live there on "squawk box" which you'll be able to hear from asia, europe and the united states. the highlight will be on friday when ben bernanke reports on this past year and what we've learned from the global crisis. >> that's a great picture of steve leisman. >>> our next guest thinks investors should lock in profits of the anticipation of continued pullback in the markets. >> it's half past the hour. here are the top business stories from around the world. in the u.s., the white house is expected to announce the federal deficit will be smaller this year than previously forecast. >> i'm becky meehan in europe. the summer rally is staying strong. >> and here in asia, china icbc hands in better than expected first half results. >> and hello and welcome. right now, dow futures are about 60 points or so above fair value. nasdaq s&p futures are higher. we're going to get earnings from the likes of hormel, heinz and sears ahead of the hope. and it's

he told financial officials meeting in wyoming that the economy is on the verge of growing again.nanke said that consumers and businesses are still having trouble getting loans. >> the u.s. marshal service has announced a $25,000 reward leading directly to the arrest of a former reality t.v. star wanted for murder. police in the u.s. and canada are looking for the ex-husband of a model found dead inside a suitcase in southern california earlier this week. carla wohl has the latest from los angeles. authorities are scouring the canadian border, looking for 32-year-old ryan blank het accused of murdering his model girlfriend. >> tmz has obtained the last known pictures of them in vegas earlier this mon. the marriage was annulled but they were dating again. last thursday they checked into this upscale hotel in southern california. jenkins left alone the next morning. her mutilated body was later found in the suitcase in a dumpster. >> her family and friends broke down during the description. >> jenkins is an animal. >> jenkins was arrested in las vegas earlier this year for allegedly

we have only 3000 in wyoming. when they put that program into place, it was intended for people in cities and people in rural communities. that is louisiana. i had the privilege today toward the newly opened louisiana state university medical lab area. incredible state of the art, doctors all around the country and around the world are going to come here to learn how to do with computer simulations surgery. i'm an orthopedic surgeon. it is beautiful what they have there. cardiologists learn happenstance into art. -- learn how to put stints in two parts. it is absolutely incredible. and they also have a program to help train physicians to train to practice in rural louisiana. help for their tuition so maybe they will stay in the family physicians, pediatricians, obstetricians, the primary-care doctors that we need in this country and in all our rural areas. i think medicare advantage is very important. we also had a privilege to take a look at the community health center that tulane has. we toward 25 different grou

wall street will wait for any update from fed chairman ben bernanke when he speaks at a meeting in wyoming. and finally, former pick pocketers in london are giving new meaning to the term pay it forward. in an effort to brighten people's days, one person enlisted 20 former pick pockets to push cash into people's pockets. the plan, to give out 100,000 pounds or 164,000 u.s. dollars all by the end of the month. so take a trip to london. could pay off. >>> a huge ruling in college basketball. and another nfl star is headed to prison. >>> plus, nobody can accuse the tigers brandon inge of just phoning it in. your early morning sports headlines are straight ahead. >>> and we'll be dealing with a few unsettled spots for your frimpt what will the weekend hold? that forecast coming up. you're watching "early today." >>> good morning. ifyou're just waking up, this is "early today." in sports, new york giants receiver who was a hero in the super bowl two years ago is now anything but a hero. here's nbc fred roggin with an early look at all your sports headlines. >>> it wouldn't have mattered if but

the 1300 block of northwest, 23rd and wyoming northwest. taylor street northeast. catholic university, and trinity university. all are locations that the dc water and sewer authority and the fire department have identified over erthlast t years where there have been concerns about water. >> we live right there, so i think that d ulwo bebia g issue. >>re: poer brtstsejuauec the neighborhood is on the list of 34 locations, doesn't mean it has an inadequate water supply, similar to what happened when firefighters tried to fight the blaze two weeks ago. that is only one reason that an area is on the list. >> it could be hydrant locations, gallons per minute slow. access, geography. >> reporter: the fire department says the reason they have the list is to prevent what happened on cambridge road, knowing what special water concerns needs. >> we have many solutions in place. >> i'm sure they have it r au unde ontro i'm not too worried about it. >> reporter: the fire department says thnt do have it under control and believe those who live at one of these locations have no

earlier this morning, got friends in wyoming. it was 42 degrees in wyoming. and the humidity is on, although there is something happening to the dew point here in washington. it's certainly not feeling 58, especially with very, very light winds. here's the overall pattern. see claudette. you can see that circulation down there. that will be coming up more through the midpart of the country. so unfortunately for us, even though we need the rain, i don't think we'll be getting it. right now, look at the surge of moisture continuing to go into spots like tallahassee. our rainfall, as i mentioned, four inches below average. meanwhile, they've been on the dry side, spots like georgia. so all of this rain, the tropical rains, are beneficial. they certainly can help things there. and you can see that moisture continuing to come in from the gulf. not much coming our way. we are now getting into the peak seas yasor lr,t ea yas l -- off the coast formed in july. here we are now with the season really getting going. just over the weekend. there is bill. you can see that

next, weekly addresses from president obama and the wyoming senator. look at how the role of the first lady was established. after that, on america and the courts, oral arguments on changing how the veterans department deals with disability claims for posttraumatic stress disorder. >> sunday on "washington journal," the president of the canadian medical association. then the presidential vacations and retreats in a new book, " escaping the gilded cage." later, "republican leader." that is live at 7:00 a.m. eastern on c-span. >> on august 20, the only man convicted of the 1988 bombing of pan am flight 103 was released by a scottish prison. watch the debate following the government's decision to release him to his home country of libya, sunday night on c-span. >> president obama used his weekly address to mark the fourth anniversary of hurricane katrina and discuss federal efforts to rebuild gulf coast communities. the also announced plans to visit new orleans later this year. he is followed by the senior republican on the health committee talks about hi

wall street paying close attention to wyoming listening to any comments from fed chairman ben bernanke at the annual fed conference going on in jacksonville hole. how lessons learned during the financial crisis can help shape things moving forward. the theme is financial stability. meantime the s.e.c. shiping on at&t and verizon wireless, the federal communications commission now examining whether at&t and verizon are engaging in anti-competitive behavior by departmenting competitors connections and making it difficult for providers to switch providers, they have a combined 60% of the u.s. market and one wireless watchdog says this may signal the obama administration isn't afraid of taking on abusive practices of large corporations. >> and economic reports indicating the recession may be ending. but we've been actually watching asian stocks fall all morning long on earnings concerns. index futures pointing toward a little bit lower open and finally the skies are getting a lot friendlier. american, southwest and unite ready all running deep discounts in some cases you can fly coast-to-c

we have some pretty good economic data, some commentary out of ben bernanke in wyoming.olling on. hi, everybody. welcome to "the closing bell." i'm maria bartiromo. once again, coming to you for our summer on the street special. standing on federal hall, right across the street. it's a hot one out there but not as hot as it is inside, where we continue to see money moving into the stock market. here's what we've got going on. for the week we've seen a powerful rally in the dow and s&p 500. we have pretty good numbers in the economy. existing home sales today out early on today, jumping to the highest level in nearly two years. then of course you had positive comments from federal reserve chairman ben bernanke, who said he is expecting that we return to growth in the u.s. economy soon. that it feels did and certainly the momentum is better. you don't want to make too much of it but a number of those economists at the jackson hole, wyoming conference also telling me that the momentum feels different than it did last year. you heard steve liesman out earlier, the same in te

estimates 1.1 trillion recoverable in utah, wyoming. to put that in perspective -- that equals more than two dozen years worth of imports from saudi arabia. i think it is clear that we have the resources. i would say this in a statement. you said there were two alternatives. this is your statement, secretary strickland. either we can remain the world's leading importer of oil, or we can become the world's leading exporter of oil. i think there should be a third one. develop our own resources. you're the only country in the world that does not develop our own resources. the question i have is to do you agree with these analyses? should we develop our own resources? the start with you, secretary strickland. >> is the position of the administration that we should actively and aggressively developed our conventional energy resources. since this new administration came into office in january 21, we have offered just under 2000 parcels for least. 2.3 million acres. there were bids on 145,000 acres. i accompanied secretary salazar to new orlea

yellowstone is in wyoming. soond although apparently the president yesterday didn't realize he was -- that yellowstone was in wyoming, made a ron frens to montana and yellowstone, but that's okay. a lot of us get confused. yellowstone is a pretty big national park. but he got to see old faithful, went fly fishing. we hear he didn't catch any fish. press secretary robert gibbs appare apparently caught a fish that he's apparently sporting on his blackberry. chuck, you've been working really hard. are you going to get to the dodgers/diamondbacks game? >> i'd sure like to figure it out. maybe our friends who are watching who are our bosses there, maybe they can -- give me a little time off. >> he'll be a much happier guy, guaranteed. >> dodgers have to win this game. they need to win this game. they've lost two in this series. >> right. tommy lasorda's getting inducted into the brooklyn hall of fame today. i might pop on out there and give him a big old hug and say good for you. >> hope you get there. thank you ver

speaking at a conferencen jackson le, wyoming, the fedel reserve chairman gave a more upbeat forecast comred to the fes statement last week after a central bank poly meing. but bernan also warned of ritical challenges". specifically, bernan said financial firms fa "significant losse" businesses and nsumers are experiencing difficulty in tting credit, the economic recovery wille "relatively slow," a he expecta gradual recovery in unemployment. bernanke defended the acons tan by the fed during the financial cris, saying they avted an "imminent collapse" of the financial stem. joining us n with more analys, robert mcteer, former prident of the federal reserve bank of daas and currently distinguished fellow athe national center for policy analysis. nice to see yoon the program agn. >> thank you, susie, good to be with you. >> susie: is ben bernanke right about the economic outlook? >> well, i hope so. and probay. i ink there's a go chance we'll get positive g.p. number for the current quarter, primarily, though,ecause of inventory rebounds and thcash for clunrs. i'm not real confident tha

speaking at the federal reserve's annual conference in jacksonville what -- jacksonville, wyoming, he says prospects for growth appear good. he says the recovery may be slow at first and unemployment is likely to take some time to improve. we go once you our business correspondent. the chairman's comments are welcome news. >> the comments are always reassuring, especially in such a public setting. not coded in the ultra-greenspan speak. he repeated some of the phrases he used 10 days ago. he wanted to give everybody a little bit of confidence, to brace them for a slow, gradual recovery. it is interesting. his statement with throughout the history of the financial decline from the end of 2007 all through last year, and if it can be said that he patted himself on the back, he certainly did with some of his comments. he said that bankers had acted aggressively and swiftly to avoid what could have been a much worse situation. he had all kinds of the nose. you could tell he was an economic historian. he talked about panic. so many other panics. >> president obama's praise about the anticip

reserve chairman ben bernanke gives his reflectns on year in crisis at a fed conferencen jackson hole, wyoming. also tomorrow, existing home sales are released and quartly resultfrom j.m. smucker and ann taor stores. if the recession is windin down, why are consumers an businessesaving a hard time getting bank fincing. toght's "two ways to play" looks at the reasons behinthe slow cdit flow. here's kevin depew of "minyanville" and "minyanville's" kevin dew. >> access to credit isetting tighte banks are not onlyutting credit les for more consumers, they're also becing more aggressive in eir cuts. nventional wisdom says the economcan't recover without access to credit. but a recent studyf all nine post-worldar ii recessions by barclaysapital, says this thinki may be wrong. according to thetudy, in the firsyear of recovery net new borrowing almost alws lags the economy. the study also points out th, storically, borrowing by householdsnd corporations always falls in the firsyear of recery, which is precisely what is happeng today. >> as yove pointed out, the supply of cred is certainly falling, a t

. >> we have senator john borasa from wyoming. he also happens to be a doctor. there are several doctors in the house. he's a doctor in the senate. some medical professionals are beginning to cast these top votes. he opposes the public option, he opposes the spending, we should be clear about that. he says he's hearing when you squeeze medicare and medicaid in savings, there's some money to be saved but some are worried you'll hurt care. >> physicians are very concerned because in the past, medicare and government payers are the biggest deadbeats. they don't pay a fair price, they don't even pay the ambulance enough to get the patient to the hospital, so then there's this cost shifting that happens in america. what i heard from people in wyoming is they're afraid with this new plan that the president is propose, they will end up paying more and ending up with worse care. >> pay more and end up with worse care have the conservative critics, one, at least the first two weeks in august. >> wow. >> i've heard from many democratic aides in the senate that at this poi

reserve chairman b bernanke gives his refleions a year in crisis at a fed conferen in jackson hole, wyoming. also tomorrow, existing ho sas are released and quarterly results fr j.m. smucker and ann taylortores. the recession is winding wn, why are consumers and businesses havg a hard time getting bank financi. tonighs "two ways to play" oks at the reasons behind th slow crediflow. he's kevin depew of "minyanville" and "minyanville's" kevin depew. >> access to credit is getng tighter. banks are not only cutng credit linesor more consumers, they're also becominmore aggressive in theicuts. convtional wisdom says the economy cat recover without access to credit. but a recent study of l nine post-world wari recessions by barclays capal, says this thinking m be wrong. according to the stu, in the first ye of recovery net new borrowing almost always gs the economy. thstudy also points out that, histically, borrowing by households andorporations always falls in the first ye of recover which is precisely what is happening day. >> as you'veointed out, the supply of credit icertainly falling, and tt'

jackson hole, wyoming, for the kansas city fed's annual symposium.i mean, it's not even that close, is it? it's in the migd -- >> you think they could go to lawrence or something and hang out -- >> there's plenty of nice places in missouri. you know, the ozarks, independence. i don't -- jackson hole. anyway, fed chairman ben bernanke scheduled to speak tomorrow. we'll be listening for commentary to trickle out from other attendees a. steve liesman will be on the scene. he'll be hosting a one-hour live special from jackson hole tonight called "the fed: crisis & recovery." >>> new jersey broke through unemployment slump, breaking a seven-month streak of job losses. not all news in garden state as an schwarzenegger 8 billion budget deaf looms ahead. we're joined by new jersey's governor, jon corzine. if you were going to -- would you plan something out of state if you were going to talk about new jersey's fortunes? don't you have the sense to keep it here? >> we'd go to long beach island. there's no question. >> you'd run into becky. >> we'd run into b

cnbc's mary thompson with the highlights from bernanke, who's in jackson hole, wyoming. over to you. >> thank you, maria. in a closed door speech to economists from around the world the ted chief suggests the global economy is emerging from a deep recession saying economic activity appears to be leveling out both in the united states and abroad. and the prospects for a return to growth in the near term appear good. bernanke spoke earlier today at the kansas city federal reserve's annual gathering in jackson hole, wyoming. while sounding an optimistic note, bernanke cautioned the recovery here in the u.s. will be slow at first, with unemployment falling gradually from its current high levels. the recovery's slow pace due to strains bernanke sees in the financial system, where he says financial institutions face significant additional losses and many businesses and households continue to experience considerable difficulty gaining access to credit. most of bernanke's speech retraced key events of the last year's financial crisis along with the fed, the treasury and other ef

this is all, of course, as policy makers from around the world are gathering in jackson hole, wyoming how to prevent last year's global financial crisis from happening again. in our "call of the wild" again today, we ask did the feds save the world from economic ruin. let's bring in former president of the dallas fed and also dean baker. gentlemen, thank you. bob, let me start with you. what kind of scores would you give big ben? >> at least a 9. 9 1/2, maybe. >> that's a pretty big score. of why? >> well, he got started a month late on the crisis, but since then, he has done just about everything right. and more importantly, he didn't have a rule book to follow. he didn't have a recipe. of he had to create a lot of these programs on the fly. >> but hang on -- >> very innovative in doing it. >> he was a student of the depression. how could he not have foreseen what was going to happen? >> well, i'm not sure -- >> he did, in a way, right? he kind of did at some point, bob? i mean, putting all of these programs into place. of if you think back to those crazy days when all hell was break

the world's central bankers are gathering in jackson hole, wyoming, for their annual powwow. bernanke speaks later today, wall street will be listening as if he were next door. bernanke's topic is reflections on a year in crisis. >>> turning to airlines, jet blue has cashed in on a special offer, one month of unlimited travel for $599. that promotion got a huge response, and the airline announced yesterday that the passes have sold out two days ahead of schedule. >>> and wall street may be one of the few business settings in america where casual dress fridays haven't caught on. the gap hopes to change that today, giving away free jeans to more than 1,000 employees at the new york stock exchange. michelle? >> claire leka here in new york. claire, thank you. >>> and new rules for credit card companies are in effect today. credit card users must be given 45 days notice of interest rate changes, and they must get their bill at least 21 days before payment is due. but the companies also raised interest rates sharply before the new rules kicked in. kelly wallace reports. >> reporte

will see what chairman has been saying about the economy in the market when he speaks and jackson wyoming on friday. but back room before we get to friday tuesday wednesday and thursday ben weinstein is with us at the cme group in the what about the tone of the market sell-off we saw one day i envy yesterday's basically started from the open requite a bit ahead of the opening bell and we did see a little bit of a sell-off in the pit but it basically died out we had a very trading session in the most part with the closing bell copper very low about about an but it's been typical of the month. have no that the sell-off is in due in part because traders and investors are dumping their long positions but what about people initiating new short positions to what extent is that happening. fat than we are seeing that with little bit of least some of it started on friday night there was a big sell signal forswearing traders coming round 10 05 even 10 04 when a lot of selectivity that we busy friday. the pullback friday afternoon had some of those sorts concern to the new and is still short concern

. >>> meantime tonight, health officials in california, colorado and wyoming are reporting at least 28 people have illnesses linked to recalled ground meat. >>> we turn overseas tonight and a violent power struggle has erupted after a cia missile killed their leader this week. two possible successors reportedly have been killed in infighting. nick schiff ryn is in pakistan. >> reporter: the taliban in pakistan is in disarray. three days after the cia decapitated the group by killing its leader, baitullah mehsud, they now appear to have decapitated themselves. two possible successors, including this man, hakimullah, reportedly killed each other during a meeting to choose the new chief. without a leader, the taliban is more fragile than in years. >> there will be a clash within the different taliban groups. because of this clash, the whole movement will weaken. >> reporter: with a weakened militancy, the question now how to keep pressure up. months ago, pakistan promised a ground invasion in the but a senior military official here says that they are now "reassessing the whole situation."

widely scattered thunderstorms in parts of texas and from arizona up to wyoming. showers in nebraska, iowa and minnesota and the pacific northwest. >> mild 67 in seattle, 72 in portland. phoenix 104. sunny in the 80s for chicago, indianapolis and detroit. a high of 71 in boston and 78 in new york. it's 92 in new orleans and 96 in dallas. >> this is one of those things that sounded too good to be true and it really was. >> best buy customers who thought they got the deal of a lifetime left the store disappointed and empty handed. the chain's web site offered a 52 inch samsung flat screen television for under ten bucks, $9.99 to be exact. many customers were angry when they found out it was a typo and best buy would not be honoring the deal even if they ordered tvs online with their credit card. >> best buy's web site has a disclaiming stating it can cancel any offer at any time and you know they cancelled that one. >> and you know they were thanking corporate legal, thanks for that disclosure. ♪ microwave ovens, we got the movie, refrigerator ♪ >> a study about bre

widely scatter thunderstorms from arizona to wyoming and showers in the pacific northwest. >> 67 in seattle, 72 in portland, while salt lake city hits 96. 80s for chicago and detroit and below normal in the northeast, 71 for boston, 78 in new york and it's 92 in new orleans and 96 in dallas. >>> up next this morning, what the new economic numbers are doing to overseas stocks. >>> plus, dick cheney, the author. already revealing what's in his tell-all, including new details about his rocky relationship with president bush. >>> and brand-new flat screenings for less than $10? the deal that has one major chain in hot water with customers. 71 >>> recapping the morning's top business stories, more americans are in danger of losing their homes than ever before. numbers out this morning show more than 360,000 homes received foreclosure notice it is last month, up 32% from a year ago. >>> the federal deficit jumped $180 billi last month, soaring to a record $1.27 trillion. that works out to more than $4,000 for every man, woman and child. >>> the federal reserve says it sees sign the economy is lev

d rick practices and the flight crews from california and wyoming are used t putting their lives on the line to save others. for onyear this national grd un has been flyingevacuation missns out of jalalabad int some the most dangerous combat mountain the tradition back to vietnam. the medevac air ambulance attached to thdivision represents last line o death tween life and ath. whenev they are dispatched the race starts against tt golden hour. that cruci period of which patience hances of survival have diminished. >>s we were coming in we had to circle the area because we had aircraft ovhead firing into some cations. weere not immediately aware of the exact landing zone so we we kind of in the holding pattern. and so far as we knew,there were stilltroops in contact, which means they were tang in enemy fir when you stepped out, they do what y call 5 and 25. you check your immediate ar so u're not steppingon an ied or any other type of-- you know, any device. the patnt has received a significanwound from an rpg, rocket-propelled grenade blas takingff a lot of the flesh of his upper arm. >>

assessment at an annual federal reserve symposium held in the high mountain country of jackson hole, wyoming>> reporter: mr. bernanke said, in part: he did temper that enthusiasm with a note of caution, saying problems persist in both the credit and job markets. but stock markets jumped on bernanke's remarks, the dow gained nearly 156 points, to 9506. the nasdaq was up 31, ending the day just under 2021. for the week the dow was up 2%; the nasdaq, 1.8%. data from the housing market provided an added boost. the national association of realtors said sales of existing homes were up for the fourth consecutive month. july sales were up 7.2 % from june, the largest monthly gain in a decade. low prices and interest rates, and generous federal tax credits contributed to the gains. median home prices continued to drop, as sellers flooded markets glutted in part with foreclosed homes. at the white house, spokesman robert gibbs noted the positive housing news, but he said there is still much work to do. >> it does appear that the housing market is bottoming out a bit, which obviously was one of the rea

flight medic sergeant practices and the flight crews from california and wyoming are used to putting their lives on the line to save others. for one year this national guard ions out of jalalabad into tion some the most dangerous combat zone of the mountains. the tradition back to vietnam. these medevac air ambulance attached to the division represents last line of death between life and death. whenever they are dispatched the race starts against that golden hour. that crucial period of which a patient's chances of survival have diminished. we have followed sergeant's practices on one of his calls. >> as we were coming in we had to circle the area because we had aircraft overhead firing into some locations. we were not immediately aware of the exact landing zone so we were kind of in the holding pattern. and as far as we knew, there were still troops in contact, which means they were taking in enemy fire. when you stepped out, they do what you call 5 and 25. you check your immediate area so you're not stepping on an ied or any other type of -- you know, any device. the patient had re

widely scatter thunderstorms from arizona to wyoming and showers in the pacific northwest. >> 67 in seattle, 72 in portland, while salt lake city hits 96. 80s for chicago and detroit and below normal in the northeast, 71 for boston, 78 in new york and it's 92 in new orleans and 96 in dallas. >>> up next this morning, what the new economic numbers are doing to overseas stocks. >>> plus, dick cheney, the author. already revealing what's in his tell-all, including new details about his rocky relationship with president bush. >>> and brand-new flat screenings for less than $10? the deal that has one major chain in hot water with customers. these days, when you have to spend, shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. teamwork... time together... real conversations... and memories. all for under $2 a serving. s