yellin's boss ben bernanke goes before congress today in a regularly scheduled meeting.qe-3 is going to come up. if he hints it's likely, you're going to see another great day today. already dow futures calling for 60 points on the open. in a weird way, jon and laura, the hope that the economy isn't doing well, which is what janet yellin is saying creates this hope that the fed will step in. so in a bizarre way bad news becomes good news. >> i could see that. >> whatever works. >> thank you very much. >> why is she yellin all the time? it's 5:31 right now. let's toss it over to christina loren. and things going up on the weather. >> yeah, but we have all positive news when it comes to the weather forecast, especially for your weekend plans. kids getting out for summer and you can get them outdoors comfortably. we don't have any rain in the forecast. in fact, i think the only significant weather elements that you'll have to deal with. a lot of sunshine, high uv index. and you may be sniffling and sneezing. that pollen count is back. we'll take a look at that coming up. sh

jessica yellin is over at the white house.ident will be getting ready to address the nation shortly after we know what this decision is. isn't that right, jessica? >> wolf, we don't know when the president will be addressing the nation. we know it will be sometime today. but the exact timing of that has not been announced. what i do know is the president is scheduled to be in the oval office receiving his presidential daily brief when this decision comes down. he should be there now, with the vice president. he's usually accompanied by the chief of staff, and the heads of his national security team. those would be the people with him when he learns of this decision, just like the rest of us do. wolf, this health care rule was 18 months in the making. the president devoted an enormous amount of his own political capital to this health care policy. it is not just the health care of the nation, the role of government in american's lives, but also, of course, the president's own political future to some extent at stake today. and

i want to go now to our chief white house correspondent, jessica yellin. and i'm hearing, jessica, that you're just now learning sort of the match natichinations, what n as president obama learned the ruling himself. >> reporter: that's right, brooke. i've told by senior administration officials that the president was standing in the admiral oval office, it's called, the sort of area where his assistants sit right outside the oval office proper, watching a television screen that had four tvs on it, and he first learned by watching two tvs, fox and cnn were reporting that the individual mandate had been struck down, and so he had something, i'm told, of a quizzical look on his face, but was calm. he was with his chief of staff, jack lew, waiting to hear from his chief counsel, white house counsel, kathy romler. when she entered that outer oval office and informed him, gave him what was described as two thumbs up, and told him, and i'm going to look down so we get this right, she told him that the affordable care act has been upheld by the court, five justic

much of the rally came after the second in command at the fed, this woman janet yellin said outright the central bank ought to be doing more to help the economy. fed members usually hint at things in language that's really hard to parse, but yellin was explicit in her comments. investors are hoping for another round of easy money, a third round of quantitative easing or qe-3. yellin's boss goes before congress today in a regularly scheduled briefing and this idea of qe-3's going to come up. already dow futures calling for 60 points on the open. >> thank you very much for the update. it'll be interesting to see that bell and where we go from here. >> meteorologist christina loren telling us -- >> guess who's taking us to lunch, christina. >> sounds good to me. we know, a big baller like jon kelley, it's going to be good. we're going to get delicious sunrise this morning over the bay bridge. beautiful out there as you make your way to work. no thick fog to report at this point. you might find a few ragged patches, but overall, nice and clear as temperatures are mild. and we do have win

jessica yellin is cnn's chief white house correspondent. she says neither president obama nor republican rival mitt romney are being honest with you about the depth of the problem and their ability to arrive at a solution. john king is cnn's chief national correspondent, anchor of "jkusa." he can read the political tea leaves like no one else can. i'm going to ask him if americans are better off today than they were four years ago and more importantly if they feel better off. will cane is a cnn contributor and a conservative who i think agrees cutting spending or raising taxes now are both the wrong thing to do. and harvard economist ken rogoff is the former imf chief economist, the world's leading authority on financial crisis. we're going to start with you, ken. you're the expert. you made a career out of studying economic crisis around the world. i just laid out how i see this gathering storm. where am i wrong? >> well, you said you're normally an optimist. i'm normally pretty calm. i'm nervous right now. you look at what is happening in

yellin, what happens to -- this is an important moment. they stimulated for years and now there may be a break. why can't they maintain that break? what happened to the arguments that maybe qe wasn't as effective as we thought? maybe unemployment was structural. it was about skills, it was not something that they begun to realize that was really necessarily in the immediate ability to change. what happened to those arguments? >> well, monetary policy is very good at providing liquidity in the short run and it's not good in helping the structural change and what we need in the united states right now is really a structural change, support for business to get the economy going again in a major way and that's not what monetary policy can do, is provide a stable environment. >> if you believe that, what prevents bernanke from coming out today and saying what mario said at the ecb last week, i will no longer why can't he say that to the people around him? >> i think he will say that. he's trying to stay out of fiscal policy and that is totally

jessica yellin was in the briefing room. she's joining us now. jessica as our chief white house correspondent, you saw the president get operate animateed in response to that question about the leaks of sensitive classified information. >> yeah. he was forceful on that one, em writers, but can they say that definitively. they can't. they have to rely that on the writers of these articles to assert that. he also did not make clear -- he suggested that there's no current investigation at the white house right now on this issue. it's clear that this is going be an ongoing story and a headache for this white house for some time because no doubt as it continues they can't stay away, you know, that answer alone is not going to keep the questions from coming. and it is one of those issues because of the bipartisan nature of the inquiry on the hill that will continue to pound away at the white house. as for the rest of this, it did seem the president was on a bit of the defensive, raising concern about europe, something that seemed sort of vague and out,

jessica yellin brings us &preaction. -3 3 3 --reporter pkg-as ollows -- inside the white house officialssdescribe elation & pver the court's ruling but on camera -- no spiking the ball they reaffirmed a fundamental america, in thh wealthiest nation onnearth, no illness or accident should lead to any family's financial ruin. the presideet emphaaized the more appeelinn to key -3 constituencies young adults under the age of 26 are able to stty on theirrparents' health are plans. seniors &preceive a iscount on their prescription drugs. they won't be able to charge yyu more just because you're a woman. already republicans are cammaigninn off the ruling. -3&pgovernor romney was qqick oo 3 policy esterday it's bad policy today. our mission is clear: if we want to get rid of obamacare, we're oing to & haveereplace president obama. on capitol hill house - republicans promise a vote to repeal the billlnext month. from the senate a newwline of attack well the supreme court has spoken. this law is aatax. the bill was sold to 3 the american peoole on aa deception. what's he mean? the court found it is constit

jessica yellin. explain what happens if they do continue. you just heard him saying he is in contempt. if he is, then what? >> reporter: there will be a clash between the two branches. we have seen this before. the legislative branch can now have a vote in committee and that is committee could vote because it's republican overwhelming, republican, could vote to hold holder in contempt. then it could go to house floor. that could happen as soon as next week, hold him in contempt. then the executive branch could decide, nope, we're not turning over those documents and it goes to the courts to figure out who wins. then it goes into that netherworld of forever, we'll see how long that takes to work it out. brooke, the white house has a different perspective on this as congress mica does. we have seen these kinds of clashes many times in the past. >> i said because of these clashes, these instances of executive privilege, i was ta talking to david and i said give me one of the infamous uses. i said why would president obama use it now. >> it occu

jessica yellin is joining us now with the breaking news. so the administration has been feeling clearly bipartisan pressure for several days now on these leaks. what do we know? >> look, it's a time tested washington strategy leak unpleasant news on a friday night and hope the media is out drinking and too busy to pay attention. the president, joking a little bit, the president also was under a lot of pressure after his answers at a press conference today when he didn't definitively say whether or not the administration was investigating these leaks. here's the president. >> what i'm saying is we consistently -- whenever there is classified information that is put out into the public, we try to find out where that came from. all right? okay. thank you very much, everybody. >> now anderson, the president -- some on the hill have accused the white house of deliberately leaking the information to make the president look like a strong commander in chief in an election year. the question is, was anybody in the administration involved in sharing

, jessica yellin is in the white house press briefing room.they just announced that the president would come in to the briefing room a little whilg. this was not on his schedule going into today. >> no it wasn't but they have been making clear that after those jobs numbers that came out on friday which were a surprise to the white house, that he was going to step up the offensive on congress and make it clear that they want more action to push forward. you remember he first propose this jobs bill back in september of 2011. and very few elements of it have actually passed. so this is not only an effort to jump start, you know, their agenda on the economy but also let's be honest, push forward on their election agenda. he has a new ad out this week as part of his campaign effort called jobs and it includes a message to congress to get going on the jobs bill. so, we can see it as all of a piece, no doubt, and we will hear from the president pushing congress to do more to get this measure passed. this isn't the only issue that deeply concerns him

jessica yellin, you have been looking into this, and how did this decision come about today? >> wolf, according to the officials, this has been under consideration for some time, and this is not a last-minute decision by any means, as you can imagine. it is also should not come as a total surprise given the fact that this administration, i should say, as a candidate this president promised to take some action for latinos to change the nation's immigration policy to be explicit in the campaign in 2008, and then candidate-obama said in his first year in office, he would have an immigration bill out for consideration. that didn't happen. so, now that he is up for r re-election, it is hard not to consider this to some extent through a political prism. he needs the latino vote to come out in big numbers, and right now, we see that the latest nbc news/"wall street journal" poll has the president leading romney among the hispanic votes 61% to 27%, but at the same time there is disapproval, hispanic, that the hispanic pew center poll showed that 59% of the latinos disapprove odd of t

jessica yellin, our chief white house correspondent. thanks. let's take a deeper look. krista free laland is an editor. i want to put some job numbers up on the screen. the past year. private sector job growth, if you go month by month, a few pretty good months. most of those are just about breaking even in the 100,000 new jobs created. you theed about 150,000 a month to break even. how could the president say things are fine? >> i think jessica explained the thinking absolutely correctly. the point of view that the white house is trying to put across, which i think most economists would agree with is that what has been happening on the jobs front is job creation by the private sector, not as strong as anyone would like but the private sector absolutely adding on jobs while the public sector has been laying people off. it's that laying people off by the public sector which feels very perverse to this white house in the teeth of a recession of a weak economy. i think the point the president was trying to make is, isn't it crazy for us, the government, to be laying people

jessica yellin, for now, we appreciate you there. political pop.olina man turns his passion into helping the environment into a business that makes ecoaccessories. this is your solutions today. airlines and bicycles may mean transportation to you, but to matt moller, they're duffel bags, purses, laptop bags, and wallets. moller, a die-hard environmentalist, is the founder of tiara ideas, a company that used bicycle inner tubes and aircraft seat covers into fashionable items. moller gets the rubber inner tubes from bike shops in the raleigh area and for fabric and leather, he has a deal with a major airline. >> they agreed to donate their used, warn seat back covers and curtains that were being retired from their aircrafts in exchange for donating 10% of our profit to their chosen charity. >> moller started the company in his garage three years ago. he does the bulk of the design and marketing himself, with help from his wife, louisa. moller sews his own prototypes. and the production work is then handed off to contract workers in the area. the hand

. >> you have yellin tonight, which the market will be paying close attention to. maybe she says more than bernanke does tomorrow. what are your expectations on qe3? >> the more important point for investors is that the fedry mains activist instead of pessimistic. it is well thought in the market that the fed is a bunch of activists and deciderses. wherever they decide this month, if needed, the fed will do more. so i think that so long as they convey the idea, that they will do more and are activists, whether or not the act won't be immediately consequential to markets, ultimately it is because markets seem to need this fuel, of course, to keep going, because in the absence of the physical authority being able to do much, the monetary authority must. so there are several options for the fed. they could extend so-called operation twist, but that gets very difficult because in operation twist, the fed has been selling short-term maturities on to three years and buying longer-term maturities. but there's only $160 billion of maturities left when the operation twist e

>> jessica yellin, thank you. as the president said today, it is a victory for the american people. appreciate it. in today's health care vote, the deciding vote, really, the linchpin, the swing vote. chief justice john roberts. he voted with justices breyer, ginsberg, kagan, and sotomayor. their reasoning, the individual mandate is not just a mandate, but it's a tax, which is under congress' power. the chief justice may have actually tipped his hand a bit during oral arguments in march, so we dug up this exchange. this is between the chief justice here and the attorney representing the national federation of independent business. and you're going to hear chief justice roberts kind of scoffing at the idea that the individual mandate is not a tax. take a listen. >> the whole point of the suit is to prevent the collection of bounties. >> of taxes, mr. chief justice. >> well, prevent the collection of taxes. but the idea that the mandate is something separate, from whether you want to call it a penalty or a tax, just doesn't seem to make much sense. >> it's entirely separate, and let m

we bring in chief white house correspondent jessica yellin.he obama team watches this, the president did tweet this, i'm standing by tom barrett, he'd make an excellent governor, outstanding governor, sorry. he didn't go there, just keeping his distance. >> reporter: a visit by the president nationalizes the race more than it is and they're downsides on both ends. for barrett a visit by the president has the potential to turn off voters who might have sided with him but might not like the president. if the president's point if barrett is not going to win why show up and back the guy who is not going to win, bottom line. look, in the end the president's campaign says the democrats have backed barrett with $1.4 million, going into the state. they've sent supporters, they've shown up and shown support in other ways, and barrett himself has said he doesn't feel upset or ignored by the president, but this is a very clear case of distance being the smarter choice politically for both men. >> the smarter choice they think. it was a blowout four years

. >> chief white house correspondent jessica yellin is live with more. so much more to this speech than immigration. >> hi, candy. that's right. the president offered a defense of his executive action. but he also made a strong case for re-election. focussing a large part of this speech on his economic differences with mitt romney. today he had a very sharp explanation of his different economic vision from mitt romney arguing that it's really about who gets helped in the future. with him, he insists, and this is a familiar message. he made it much more clearly, much more starkly than he has in the past. he said with him, he'll focus on helping the middle class. with him, he argues it's a top-down kind of approach. this is a message his campaign believed resonates with latinos and other core constituencies they believe are crucial for the president to win re-election. >> i think i heard the echo all the way back here in washington. it sounds like hope and change are back. >> yes, you know, the president's had something of a muddled message the last few we

he's going to be watching janet yellin's speech tomorrow. she's the fed vice chair.y hints of further monetary easing from her. then mr. bernanke's comments on thursday. he has to be much more guarded on that. he usually doesn't use it as a policy tool. they're watching ms. yellin's comments, ty, very closely tomorrow. >> very interest ing. dan, 20 seconds. your chart of the day is apple. >> apple, that's right. >> what's the story? >> here's the thing. mid-july apple announces earnings. you want to be in apple before that time. it's down

. >> it is yellin, locke hard, williams, the more dubbish members speaking out yesterday.he way to bottom line it is they're willing to pull the trigger and the chairman hasn't gotten there yet and he is the one at the end of the day holds the gun with the most bullets and he will decide to do what he does. >> the chairman ahead of a meeting will also be sir couple spek circumstance spekt. >> bernanke wants to go in and see where the chips are going to fall and he wants to formulate compromise. he knows he will have some coming out opposing quantity take active easing and he doesn't want five or six coming out and saying it is the wrong thing to do. you're right lockehart is important. let's say there is a big european plan announced in the next couple day that is causes things to turn around in the financial markets. let's say we get some additional information on jobs between now, for example, and the first part of july which is when that new information will come up. does the chairman want to be announcing a major easing program into the teeth of, for example, a stronge

. >>> and the cnn chief white house correspondent jessica yellin and matt bayh will join us. i'm candy crowley and this is "state of the union." >> there was a showdown this week with mitt romney and president obama giving speeches in ohio. an economic growth amid tightening polls, white house advisers said that the president would use the speech to reframe his economic argument. he tied mitt romney tightly to george w. bush and outlined his goals. >> that is my vision for america. education, energy, innovation, infrastructure. >> flashback, almost four years ago to the day, candidate barack obama. >> it is time for a competitiveness agenda built around education and energy and innovation and infrastructure. >> joining me now is white house senior adviser david plouffe. david, thank you for being here. let me start with the first big question which is, is the fact that the president is saying virtually the same thing that he said four years ago when he was campaigning a recognition that he is has not been able to achieve his goals? >> no, the president laid out this week a ve

tended to see this resolve in the favor of the board of governors so you give more weight on the yellin sames than the bull does ard statements. >> which means future estimate lutz coming, how soon do you think, by the end of this month? >> so i tend to think that the needle is pointing in that direction. i'm not yet fully convinced that we're going see that this month. just because of some of the-- i don't get a sense from the chairman ben bernanke or his testimony today that he is really pushing for something, particularly aggressive for this month. but i do think that given the current path of data, given the current path of financial news we're seeing in particularly stemming out of europe that more easing is coming. whether we get it in june and of what kind is a different issue. >> and remains to be seen, tim duy of university of oregon. >> tom: in the years to come many u.s. banks may have to hold more money back from lending and other business in order to protect themselves against tough economic times. these new rules are a result of efforts by international regulators, includi

and the hope is that the message coming from those such as vice chair yellin over at the federal reserve means that there could be more policy accommodation to help stimulate what appears to be a stuttering global economy. we've also just had a very good bit of news out of europe. spain, great concerns they'll be shut out of the debt markets. and that's just calmed down some of the fears. so as such, the futures for the u.s. markets slightly higher at the start of trading. >> that's a bit of good news. got to ask you about this nasdaq story. front wage of the "wall street journal." the ceo of nasdaq says we owe the industry an apology. he's talking about the way the facebook ipo was rolled out. what can you tell us about this? >> he's basically saying, sorry, we were embarrassed. we got it wrong. it's come with a $40 million offer to those that lost money saying we'll give you $40 million in cash and rebates. that sounds generous on the surface. but the marketmakers who lost between them around about $115 million. they are saying that's way too small an amount and the rivals of the nasda

jessica yellin is at the white house.tween now and the full floor vote, administration officials, justice department officials, the president, vice president, the attorney general, try to work out some sort of deal with the house speaker and the leader. i don't know if that's going to happen. i assume they're going to try to prevent the attorney general of the united states formerly voted held in contempt of the congress. >> i imagine they will see if they can avoid that kind of vote. at the same time the president's action by invoking executive privilege here does immunize the attorney general from prosecution. it doesn't end the political implications of what that house vote would mean for the administration. but it does protect the attorney general from any actual prosecution. and then we would just have a political clash between the house of representatives and the executive branch. and then you have this political standoff between these two branches. and then the question becomes, is that something that these two bod

gov janet yellen says there may be more ahead they've been hinting that the central bank may ease yellin in a recent speech to the boston economic club advocated for an extended period of highly accommodative monetary policy these are of course more euphemisms as part of the central bankers efforts to revive the economy believing the economic future of the country rests on their atlee and shoulders look at ben bernanke there but doesn't really and what if you don't trust policymaking academics with track records as bad as the feds to run the economy anyway for example listen to bernanke he today talking about the bank stress tests the tests also showed that even to extremely adverse hypothetical economic scenario most of those firms would remain able to provide credit to u.s. households and businesses. really based on what the assumptions for an adverse an area that the fed came up with with the wisdom out of their own academic papers combined with what banks are theoretically supposed to do exactly so what if you just want to work save invest and live without scanning frantically throug

his steps out of the ecuadorian embassy where he's been since a choose day he is a yellin a million cheat isn't ecuador's capital he did and has been looking into his asylum chances all along the sun has been claiming that his case was politically motivated denying sex crime allegations for which he's wanted for questioning in sweden and it's exactly those claims of political nature of the case that are being carlie looked into here in ecuador where there's still no sign of the season is on the way now president rafael correa says ecuadorian authorities are assessing if there's a real threat to a songes life the latin american leader has stressed that ecuador rejected the penalty so if he finds there's strong grounds to songes fears of being ultimately extradited to the united states he might decide the whistleblower needs protection he wants her preview of what we have to see if there's any death threats against julian assange we have turned on lies his reasons for requesting asylum if he's had due process ecuador is a country that rejects persecution for ideological motives. lost his ex

jessica yellin at the white house and stick with us today. we will take a quick break and when we come back, some of you have been talking to our dr. sanjay gupta, and he as answers for your questions. >>> welcome back to cnn's rolling coverage of the supreme court decision this morning that allowed president obama's health care law to stay pretty much in tact. i want to bring in our dr. sanjay gupta from new york. sanjay, so many people looking at this and saying, what happens now? the best advice is whatever you had this morning is what you still have. >> most people have health care insurance, but this is the people who do not have health care insurance or had some kind of chronic illness that have made it difficult for them to obtain health care insurance are the people who are paying the most attention to this. but candy, there are 450 provisions in this, and i'm one of the few people who have actually read this bill twice as part of the reporting, so there's lots of different people affected by this. the nuances as we go forward are goi