the indicator i look at is consumer. you know, that's the thing i think is really the driver for the markets we are talking about on this show. emerging markets is about the consumer. china was looking at experts and a lot of them were depending on global growth. they are going back to the consumer markets where you will see the big indicator. >> moving on to the big story next week a company in the usa, aluminum giant alcoa will kick off earnings season on monday. over half of the revenue comes from overseas so the question is will alcoa be the canary in the coal mine? i'm going to double barrel this one for you. will it be the canary in the coal mine for the global growth story or is it not the bellwether it used to be? is there a better tell in terms of the kbloebl growth story? >> in a world where alcoa is often overplayed and then underplayed because people think we pay too much attention to it, aluminum can be in the way people look at copper as a tell on the global economy, a aluminum tells you, too. if you look at wh

load you. look around. choose your place take your stand. to. make your statement. spread the word. you want to get student loans. our guys it's time for tonight's tool time award and tonight it's going to louisiana state legislator who's demonstrated ignorance and bigotry of biblical proportions he valerie hodges once counted herself among supporters of education reform an initiative pushed by governor bobby jindal and particularly hodges a champion a plan which is now signed into law to grant vouchers allowing kids to attend religious schools on the taxpayer's dime this is pretty controversial right is the first amendment supposed to create a clear separation between church and state when our christine for example when she was hosting the show last week she had this on as a subject for discussion on happy hour one religious school set to receive a subsidy teaches kids of the lochness monster debunks charles darwin's theory of evolution so if you just keep looking at it the the biology textbook actually says that the loch ness monster is real so could you guys imagine that this is a

but if you look at it on a monday when the market starts coming in, those levels you have to look at, you have to be cognizant of them. 1,335, big level. a lot of guys setting their algorithms or robots on automatic pilot here are watching these key levels, buying the dips at the lower end of the recent trading raij range. that's what people are doing. >> stephanie, sounds like we've got your audio all set up there. are you a buyer on this dip today and a sizable dip it was? >> yeah, we are a buyer, actually. commodities are down. but they had a really good week last week, particularly oil, up 5% last week. and energy stocks were up about 2.5%. i actually liked what i heard on friday from schlumberger and baker hughes. we bought some schlumberger this morning. we are adding to our jpmorgan position. we've been long this. we think that tangible book is where jamie's buying it. it's where we've also been buying it. i think even though it's moved today, there's still a lot more to go. >> you're active, as you always are. josh, what do you do with a name like mcdonald's, first earnings mi

i still don't think you can buy it when you look at machinery orders. down 55% year on year. >> mike was a pop today. mu moved up 3%. >> then you also got an investment of 24%. memory play here. i like the option action. >> this was a drop today. the move 2%. >> that's right. >> a team at the x games in los angeles scheduled a world record on a life sized hot wheels track. the course included the real life toy cars at -- but the sun was not just child's play. subjected to seven g's of crushing force. >> coming up next. giving one analyst more confidence in the stock. [ man ] ever year, sophia and i use the points we earn with our citi thankyou card for a relaxing vacation. ♪ sometimes, we go for a ride in the park. maybe do a little sightseeing. or, get some fresh air. but this summer, we used our thank youpoints to just hang out with a few friends in london. [ male announcer ] the citi thankyou visa card. redeem the points you've earned to travel with no restrictions. rewarding you, every step of the way. with >> with the second quarter in the books, it

i'll show them to you and talk about what we're looking at. what i tried to do here is identify important points along the way. what you can see is both greenbacks and greybacks bought progressively less gold as the war went on. as the graph rises, that means that their value is depreeciatig more and more. and it's interesting to see what happened at gettysburg and again at cold harbor and peetersburg if you look at the bouncing around. and the one i show you next is one of miy favorites. so this is the swings in value. so what it is is essentially the last slide but how things change from period to period. and this one, i think, shows really how the values went up and down around the full-time of m major values. so everything that's above zero means that the currency is depreciating against gold and everything below zero means that the currency itself is appreciating against gold. so if you look at this, i know there's a lot to absorb here. but for the union, not to surprising. things wr pretty bad for their currency after fredericksburg. they

if you look at this book, what the book does is it refers you to a program called back track. a back track is a penetration testing tool kit delight. it's great. it really is. you can get back track and download it off the internet free. the friesz is great. you can get it free. you can get a virtual machine capability. you can download that. and you can upload two systems. your system and the system you want to do penetration testing on all in your own computer. to train yourself and others on how to test your system to see if it's secure. because this is what people are doing to our systems today. and what the book teaches you is how do do reconnaissance. if you think about 2.3 billion systems out there it's not like hugh jackman drinking champagne typing on the computer and launching these cubes into morph and i'm there. it's actually much -- i'm just kidding. it's much different. it is much more difficult than that. so this book walks you through it and these cases how do do reconnaissance. how once you find a system to scan that system and determine the vulnerabilities. f

at apple and you look at google and you look at amazon and you look at facebook, these are-- and you look at microsoft, these are the giants that are going to decide the future. and what's the goal. what will be the golden ring for these companies? >> well, in the end it's always about the applications, you know, can kids learn in a fun way. can you track your health and keep yourself healthier. can you stay in touch with your relatives and the people you care about in a neat way. at the end of the day it's that application. we're seeing an education now, another wave of people trying to take horses and make them interactive and get lots of people to try and use those things. making the device more natural, having it work with your tv set, your phone, that's all to get these really key applications to work well. >> rose: have you for a moment, for a moment thought about i'm going to go back. i miss the things i want to do, it's become even more exciting. i'm going back to microsoft not once a pont but every day. >> no. i put time into microsoft and i couldn't be more proud of the wor

i think it's telling you to look at u.s. producers who are continuing to benefit from favorable input commodity prices. that trend is going to continue. >> stephanie link, what do you do with the ferts? >> i kind of like cf. i think it's trading about 3.6 times ebida. pretty cheap. demand has held up. probably gets a little better. we're not involved in any of those names. we actually own dupont suffering a little today. their comments yesterday were that tio 2 prices are staying pretty firm. they have an ag component. a health care and nutrition component. they're more diversified. it's a wimpy way to play it but it's what we're doing. >> fwras sgrasso, our children corn play. tyson, sanderson farms, those sort of names. are you looking at them? what are you watching today in the space? >> a couple of nights ago on the 5:00 p.m. show i said i hadn't been seeing much buy side activity in tyson. it used to be a favorite name amongst the investment community. it sort of dissipated and guys are avoiding it. i started to avoid it

to say the defenders of nature to say it's peace it's stopped people's lives being lost but when you look there's an enormous number of conflicts with nato hasn't got involved where there has been no mechanism to try to establish peace and when we look at nato as remit really it's very very limited and it's dominated by by one country of course when you have a country like the us which spends more on as much on its defense industry as every other country in the world combined there is always going to be an imbalance in terms of military capabilities and i think any effect of international security mechanism is going to have to have the us involved in it purely because of the u.s. has capabilities but i would argue that the way nato a center has among it was set up for a specific mission it was a stablished in europe it's still the most respect in europe and yet we're living in a globalized world where a lot of the conflicts are happening many thousands of miles away so there is i think there's a real need for a new form of security alliance which includes as diverse as possible as a spect

you. on a year over year basis. they're down about 4%. it looks like a very sharp decline but a lot of -- three of the last four recessions predicted by retail sales growth, less than 3% year over year so you want to look for something -- >> yeah. you have to admit guidance is not good. analysts ratcheting back expectations. companies themselves walking wall street back. >> right. right. it's -- you're in a very, very slow growth environment and just tough and this is very consistent with the soft patch we hit this time last year. it looks very, very similar. although not as bad with the leading indicators. we are betting right now but you really should be watching the retail sales. we believe to tell you if we're going to slip in to a recession here. >> steve, what do you think? recession by this time next year, yes or no. >> i would say no. inventories near all-time low. employment, productivity near all-time high. not a lot of excess labor to cut at this point. they're managing very, very conservatively. and as you can see in this earnings seas

at say occupy which has no leader and has very if any loose demands and then you can look at an incident like the like anaheim which was a spontaneous gathering of local community members in response to you know their outrage against the police departments so it's it's really interesting how different you know each of these events gets organized and how they're we're going to and i just last question to you the last time that you were on the program you can look around koski were in chicago covering the nato summit and you were pulled over you were interrogated has anything like that happened to you since well you know nothing no direct confrontation but and we don't want to be we don't want to be paranoid i'm referring to jeff and amber but you know we're having a lot of problems with e-mails not going through on multiple accounts just really weird things that that are affecting all of us on different platforms that seem suspect but would just be speculation if we if we said it was anyone trying to interfere with us but. i can confirm that we get followed quite often and sometimes rathe

you look at a jpmorgan. that, i think, sums up what anthony was just saying about the entire earnings season. jpmorgan you heard for weeks was going to be so bad. london whale loss was $2 billion. it was $5 billion. it was $20 billion. you heard rumors how things were going to be so bad. you got a peek under the hood, things weren't that bad. when you see companies like honeywell come out today, stanley today, the industrials, xli today up almost 2%. i think that's an area to look at. the banks, i think there's a little too much risk there. i wouldn't buy bank of america. but if you had to buy one bank here, scott, i think you'd look at the jp morgan. >> i was going to push you a bit. if you say bank earnings were okay, you kind of like them but haven't done anything, i was curious what would make you buy one of the banks in the landscape of challenged earnings going forward, revenue issues and the regulatory issues, i should say, and some of the other overhangs that are with the financials now? >> i think wh

if you look at the twitter feed one reporter tweeted why are we here. she had no idea. u just showed you have a reporter screaming at the top of her lungs, and believe that's "the new york times" reporter. she's screaming trying to yell a question when she's in a holy place. i mean i don't think they understand where they are. if you take england and you take israel and poland and you take what r.i.m. did and how these political reporters said that they were gaffes, each one of them is not that big of gaffe. when mitt romney says it's disconcerting that the news reports of the security situation in england and he's the guy whoolympics? that's an expert saying -- he was reiterating the news, erin. he wasn't giving an opinion other than says these news reports are disconcerting and the british media went crazy. >> don't you think he wanted it? just being honest that he would like the headlines to be different. presidential mitt delivers moving speech? >> of course. that goes back to my point. that's what you get. politics. will it me say one last thing. i've about been on

what are you looking for with your eyes? >> just anything out of place. any colors, you know, maybe there would be some clothing or something like that. >> reporter: on the ground, six long days of frantic searching by hundreds of volunteers and police investigations have turned up nothing. and misty morrissey, mother of 10-year-old lyric cook, is losing patience. >> we are still stuck with a lack of evidence and no girls. and who wants to go weeks, you know, not knowing where their children are? >> the first week is extremely important. beyond the first super critical 24 hours, every day counts. >> reporter: and so, here, there's a sense that investigators are truly working against the clock. the family says the girl's grandmother was sitting for them last friday when shortly after 12:00 noon, they went on a bike ride around the neighborhood. >> they asked me to go for a short bike ride. and they just never came back. >> reporter: investigators know that so much depends on what happens in the first hours and days after a child goes missing. within three h

you post pictures on your own website that make you look good. t care what anybody else looks like. >> and it's finally going away after two years is this -- that was whenever a woman would take a picture. the other thing i love twitter picture where they do it by themselves. you can see the cam and don't you have somebody in your house to take the picture. this is what is sad. you can't find anybody to take a picture. there was one famous picture that took of herself in the shower, remember that? >> just fooling around or being silly or having fun, by herself. yes, life is miserable. you can't even find somebody to hold your stupid camera. >> best thing they pretend, male or female, you caught me off guard. you can see the hand. nobody it's the hand that is taking the picture. why are you doing that? >> back to the story, is it surprising to you or unsurprising or in the middle? >> this is totally irrelevant. its phony survey. i use facebook occasionally. i tend to want to post pictures that make my friends look good because it makes me look good

land and mayor fox, thank you for a great conversation. good luck and looking forward to seeing you on your terms. i will take your cupcake. . >> the road to the white house continues as we follow the candidates. in late august, republicans hold their national convention in tampa, florida. the democratic convention is the following week in charlotte. presidential conventions are schedule and election day is november sixth. you can visit the newly revised website. watch the latest events from republican periodial candidate mitt romney and president obama from the campaign trail. visit our social media section and see what the candidates and reporters and other viewers are saying about the presidential race on sites like facebook and twitter the all that and more on c-span.org/campaign 2012. >> shreveport in march. oklahoma city in may and wichita in june. this past weekend in jefferson city. watch for the continuing travels of c-span's local content vehicles every month on book tv and american history tv. next month, look for the literal culture of our next stop

to show you what they look like. on, off. this is a safety box you can't get it open until you turn it off. a couple of screw in fuses. this is a cartridge and screw in fuses. here it says on and off. pull it out stick it upside down and stick it back in. circuit break /-rs this is what most have. you have the meter. that's how pg and e /khrarpblgs us. you have the big main. usually there are 60 or a hundred or 50. the little guys are 20-15-30. if you want to shut off the power you shut off the little guys first than the main. when you throw a switch there is the arch. like water when water flows in an old house any you shut it off quick you get the hammer effect? that's like electricity. is it safe to do it if you smell natural gas? show of hands. >> nobody has their hands up. it's not safe to flicking any switches if you smell natural gas. how about if there is smoke coming out of an outlet. if you shut this off in an area where there is no gas, good idea. >> just about anything can be a hazardous material, cleaners, solvant

you look at the taxes, you look at what is going on with the taxes where some people want to just take -- where have you almost a majority now of people that don't pay any tax in the country. and at some point, it has to stop. but something i say that i don't hear a lot of other people saying, where is this money being spent you? know, they raise your taxes and they keep raising your taxes and you look at solyndra and all of these horrible investments. and frankly, investment bankers should be making, not the government. the government shouldn't be making an investment in solyndra. solyndra, they take hundreds of milions of dollars and then just blow it. in a matter of weeks. and this is where our tax money goes. it goes to iraq. it goes to other countries that no longer respect us. don't respect us. it is going to blow to hell, as soon as you see what happened with iraq yesterday, where 100 people were killed. we are in there for $1.5 trillion. we have nothing to say about it. a lot of people not only disagree with the tax hike -- and you are talking about a very substantial tax hike.

you look at it, a lot of these earnings are mixed. a lot of the revenues are mixed. we have ge beat but also the revenue wasn't as good as expected. you have this mixed bag right now. we have mixed economic news. you saw it this week. it comes down to money goes where money is treated best. >> does it even matter why we raul as long rally as long as we rally? >> that's a great point. that's true. if the fed is going to offer stimulus and put it into the market, yeah, go back into the market. a great place to look is ebay. there hasn't been a lot of topline growth. ebay has had that topline growth. it's been a choppy market for the auction market but they've gotten through a lot of the headwinds. they had 14% topline growth last quarter, $16.2 billion in revenue growth f. you look at a company like that, i think -- getting 53% of their revenue from overseas and that market is really trending well. i think ebay is a tremendous place to look if you want topline growth. >> the dow is the worst-performing index for this year. a lot of the industrials are facing the headwin

crab cakes, what are you looking at? geico. teen percent or more on car insurance. >>> welcome back. looking at online travel names. growth is up in june. even though there was tickdown in growth, still a strong transition for traditional bookings. up 2.5% or better. >> let's talk first about ross. first-up, yahoo! passed on hiring the interim ceo, ross levinson in favor of an e ex- -- where do you look for a yahoo! ceo, you google her! what happens next to ross. >> even though they would hire her over ross who's been there some of time, yahoo! think this is a can start over and not sell on the content they have right now. ross should start over. >> move on, ross. >> there's no way ross can stay after being passed over by marissa. everybody thought he would get the job. once they pull in an outsider, vote of no confidence, he has to go. >>> and a content sharing agreement we pointed out earlier this year. the legendary king, kravis, and we will have the conference tomorrow. if you had mr. kravis sitting across from you, what wou

crab cakes, what are you looking at? geico. minutes could save you fifteen percent or more on car insurance. >>neil: why mean to give you a bunch of corporate earnings news but this is important and we pass it along because it is a barometer for the economy. starbucks has shares getting burned at 9 percent right now after seeing a weak outlook here and abroad. starbucks is on every street corner worldwide. but the demand for a lost their pricey joe is weighing on folks globally who can not afford it. we will keep you posted. the severe drought is not helping, either, gripping our crops and could have americans losing their grip on their cash. prices if corn futures soaring 50 percent in the last couple of months and that will lift everything up from feed to chicken prices in rapid order. to a man who is never chicken but predicted this fallout, dave ramsey, it is one by one. what do you make of this? >>guest: well, certainly one eats the other. it will heat the beef quickly. it does not take long to take that connection. so it

at i have written about this in detail you look at the new york times and i give you exact dates and page numbers it shows that first came the nato intervention denk came. the violence in kosovo. it's the the world has gotten it backwards it's a big myth surrounding that nato did not intervene for any kind of humanitarian reasons and intervene. to effectuate the overthrow of. that's what they do there's no the whole thing was when the balkans would not have wouldn't have begun if it wasn't for the us in the early ninety's the abbas a year and coalition and the serbian element in. but the day they had agreed to for two and a priest for a solution to the conflict then the u.s. intervened and told them no you can't do that the u.s. ambassador is. and then when we went to bosnia and he said no this is this is not what we want done we don't we don't want this to have any kind of equal power here and that put an end to the whole of the bosnians ok and then what followed. i want to i want to get this right now i think it's an interesting point here is that you know we have to remind our vie

crab cakes, what are you looking at? geico. or more on car insurance. >>> welcome back. it's time for one more thing. i'll kick it off. madonna, shock queen, kicked off her concert tour and he's been using ak-47's and guns and asked 36 hours after the massacre in colorado to news use it by a stott tish official because they have sensitivity with an issue that happened. she didn't and her statement was madonna would rather cancel her show than censure her art. it includes swastikas and unveiling her 50-year-old breast. they gave out thousands of tickets. let's see what she does when they prays in denver. >> she must have a hell of a, what do you call those doctors? >> plastic surgeon. >> the worldwide conference on aids is convening in washington this week and i -- usually beat up on this guy but i want to make a point. george w. bush did more for aids and relief in aids in africa than any president before or since and he and his wife recently went to africa to put their feet with their money was. a lot of people are alive becaus

you do? stop, look, listen and think. any time you pull up to an incident or you see something, you take a breath, assess the situation, use all your senses and think about what you are going to do. those are all components of what we call the size-up. there are many components to size up. what's one of the components to size up? gathering facts. you want to assess the type of damage there is. what kind of situation is it? what is the issue? is it a medical problem? if it's a medical, is it a big hurt or a little hurt? is it a rescue situation and if it's a fire, do you have the resources to control or extinguish that fire? how about your situation, do you have all your people? do you have all the resources that you need? have you collected all the material that you need if you are going to start doing a lifting exercise because someone is trapped? because you never start a rescue, you never start a lifting exercise, never start anything, unless you know you are going to be able to finish it, have enough of the resources t

>> you will. looking at 1.5 gdp expectations is the best case scenario, particularly with new order component, the rumor was it would fall to 50. 47 1/2 is disappointing. your can make a case it's not as bad if you look at the construction spending numbers. the construction spending numbers were better than pequoted led by residential, which i think is also encouraging. so housing is still kind of bottoming. i think that's okay. the consumer is okay on the industrial side of the ledger you have to be a little more concerned. >> new orders dropped like a stone. ism services out later in the week, perhaps a little more important because it's a bigger slice of the economy. retail data as well, the big jobs report. what do you do in today's market. so much for the euphoria after the eu summit. >> actually. the ism number came in and was way worse than anybody else anticipated. stephanie hit the nail on the head there. if you look, you can find -- if you're going to find silver lining, it's construction spendi

but if you look hard, particularly those of you are going to go to the exhibition afterwards, if you look on one side to see the incredible punk can-can clothes, while, exciting, a waterfall. then you look at the central lie all which is the per region and parts, you'll see the extraordinary crest -- kraft mentioned that can turn address and to have a jacket and half the skirt or can make a trench coat one of jean paul gaultier's iconic pieces and send it that is a trenchcoat but is also a pair of shorts. these kind of things, they're not tricks. their works of extraordinary skill. if you search in the exhibition, you will find that. you'll see the very early years that jean paul spend when he was learning paris couture. eglin said this young man looking very serious as he sits -- you will see this young man looking very serious as he sits and you will realize this is not a miracle. there was a solid basis. the other thing i want to say is that, you know, they're not many designers are around here changed the course of history. because when it comes to fashion, yes, there are lots of

everywhere you look depending on where you look a couple of percentage points to the downside. >> right. we have a bright spot. i save it to the end. i want to point out floor volume of 275 million, the lightest we have seen so far at this time of the year in the week. downside to down volume outpacing up volume 7 to 1. the market's on track for a weekly decline. the one exception is the russell which we were talking about earlier. a little bit surprising. small cap stocks usually first indicator of the week. deutsche banc in the news, a was el. opening a probe in to the libor scandal and big pressure on them today. materials weaker. industrials weaker, as well. these two groups bringing the markets lower along with i.t. the big loser today and the winners today are the discounters. did have some good news on average hourly earnings. gave a lift to them. >> everyone loves a sale. >> this is where people are going to shop. >> indeed. mary, thank you very much. >> sure. >> you mentioned the technology names. now the nasdaq and jackie d deangelis. >> absolutely. the nasdaq down 1.6% at thi

look the a you. i can't believe i ever looked so innocent. you look so auto clueless. have no idea what's coming your way, do you? >> mmm. >> the heart aches, disappointments, betrails, recessions, dot-com bubble, 911, justin bieber. brace yourself. look, if i can survive this haircut, i'm sure i can handle anything. >> oh, boy. i don't know if that was creepy but it was definitely funny. you haven't aged a bit. you look just like your former self there. >> thank you. i hope you appreciate the humiliation i've done in the service of this program. >> nicely done. speaking of handling things well, "american idol," two just quit this week. what is the show to do without them? >> yeah, well, you know, i'm sure it will cut into their ratings, but there's something they could do. what they should do, stop focusing on the judges. have a special one-time show with mitt romney, god bless the child with his own offshore tax shelter. guaranteed everybody will be watching. >> oh, boy. i want to talk to your former self next weekend. can you have him here? i love talking to you but

you see them? >> people in the campaign saw them, i never saw them. but looke would tell you they're extremely complicated. at the end of the day no one is standing there to hand ou a gold medal to say, hey, congratulations, you've been really transparent there. >> anything in there that made senator mccain and his team -- >> mitt romney went through this process. what i can tell you is that he's a person of decency with the highest ethical character and background. there was nothing that was disqualifying that picking 2008 was not about any deficiency with mitt romney, it was a political decision that we made in a very bad political circumstance. >>> let's go to our turning points and the first one, steve has already referenced, and that is that the governor will choose a running mate as early as probably after the olympics, maybe that week of august 5th. michelle rhee, as you look at all of this and the potential veep stakes, what do you think is important here? this is one of those campaign moments where it's a presidential level decision. >> well, as a dem

and you are looking at things to pick up. you sound negative.hink -- next few weeks when we get through earnings, that's going to be the opportunity. i'm not saying today, i would be -- a big buyer of many stocks. but i think the next would weeks it is going to be real interesting in the earnings season. >> what are you going to look to buy? i mean, it says here you like semi conductors. talking about texas instruments downgraded today. last week amd had a warning. applied materials had warning as well. there is a lot of concern in tech. global growth is slowing. why do you see opportunity where others say run for the doors? >> we spent the week last week in san francisco and there was some concern but i think that you have a secular growth story where you are moving smaller -- have you the 450 millimeter investment into asml by intel. there is positive trends in the area. you have to buy them right and be patient and as a long-term investor that's what we try to do. >> i can't imagine we don't get a st. paul ahead of microsoft. why am you going

can you explain what that looks like? >> it considers a smaller hospital at cathedral hill and takes the women and children's center from cathedral hill and says it will be at the st. luke's campus. it was analyzed in the alternative of of how they would fit a larger program at the campus. we looked at how it would change the environmental analysis and we came to the conclusion that it did reduce certain environmental impacts and then it was the superior alternative. it is feasible even though it does not meet some of the project's sponsor objectives. it is still feasible. supervisor campos: let's talk about why 3a looks the way it does. it is my understanding that it will be having in their facilities something similar to what is being proposed for st. luke's. how did you include that combination of services? >> to answer your question, the patient base is not the same as ucsf. i need to do further research to answer that question that they would expect they would need to travel into a different location for the women's

here you see, look at the storm clouds billowing up over the bay. an make out one storm out here, just north of the cambridge area. here it is for you. current conditions at bwi in the mid-80s to low 80s. 82 at the top of the hour. this is not bad. the humidity is running high, helping to fuel the showers and storms. they're quite numerous. more of the action is south and north. right now temperatures tolerable for this part of late july, last day of july. humidity levels, dew point numbers up close to 70 making it feel close to 90. a more and more active weather pattern. you see the line of storms reaching all the way down into west virginia. the pattern is sop active because an area of coast lal low pressure moving north. new area developing over south carolina and a frontal boundary coming out of the midwest. it all adds up to a very unsettled active east coast setup that could feature more pop-up showers and storms tomorrow afternoon. you belt we'll lack are in that. nothing really over the top in terms of severity or the amount of rain coming do

we know you look around for the best deals. that's why we give you real big club card deals each week. right now, fresh-picked peaches are just 77 cents a pound. get a super low price on tide. $10.99 for 100 ounces. yoplait yogurt is just 50 cents. real big deals this week and every week. only at safeway. ingredients for life. >>> this is fox 5 news at 10:00. >> one week ago at this time a nasty storm was hammering the d.c. area. tonight thousands still do not have power or ac as we head into an extremely hot weekend. [ sirens ] >> oh, my god! >> chaos in college park, a man shot and tiffed still manages to steal a police -- tasered still manages to steal a police cruiser and crashes, the video only seen on fox 5. >>> but we begin with a developing story in prince george's county, an underground metro train derailment that happened just as the evening rush got underway causing commuter chaos. the effects of the accident will be felt all weekend long. good evening. i'm brian bolter. >> i'm laura evans. metro says three train cars

you can focus more in the u.s. i brought up the foods and lookthe foods and kroger, all three i own and based in the u.s. and you will get a dividend. >> and i will be breaking out the grill, i can guarantee you, over the next 24 hours. another all americtradameritrad. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> welcome >>> welcome back to halftime. there's a look at shares of jpmorgan. if you're wondering why you're seeing some of the weakness today, perhaps related to meredith whitney, the influential banking analyst cutting jpmorgan to hold. the market is 43 bucks. don't have any indication other than that but it will be factored into what these shares do. it usually does when meredith whitney makes a call on bank. we'll get back to you. >>> let's bring in kathy from bs asset management live in new york. you're not trading the euro today but certainly your eye can be on the euro with the suspected rate cut? >> ab

when you look across the globe right now, when you look at the belligerence you see coming out of russia, when you look at the fact that china, with the trade imbalance that they have, their growing economy is not going toward improving the standard lot of living of the chinese citizens. the best standard of living of the chinese citizens. they are looking to increase their military capability. what are we doing with our navy? in the 1990's, we had five -60 naval war vessels. today, we only have 283. the-56 -- 560 naval vessels. go back to every civilization. everyone has understood -- this is going to hurt my feeling saying this as an army guy. the means by which you really and to fully extend the power and dominance of a nation is through a navy. what are we doing to our? what are we doing to our maritime forces. that is the message you are sending out to the world right now. if you look at north korea, the actions they take is because china has so much of our debt. the president says, they are not really a threat. tell me why there missile site is being placed in the venezuelan? why i

you only have to look at the statistics. some of which you just cited.about 60% of african-americans that voted in the election that cast their ballot sunday before the election day. so it is not surprising that because they -- the african-american community turned out in such high percentages and voted for barack obama that one of the provisions of the -- of the voter suppression law that the republicans in florida passed got rid of voting on the sunday before the election. and so what we are doing at the obama campaign and democratic party is making sure that regardless of those obstacles thrown in the path of voters, we are doing everything we can to make sure that vote verse the information they need, whether they speak english or spanish, because the gottavote.org website, that website has the information in english and spanish and we want to make sure people get the answers to their questions particularly about what they need to bring to the polls. in florida, and in other states, photo i.d. is required now. that's challenging for some people to ge

you can look at pictures all day. i can stand here and give you a description all day, but when you come into this facility and you can see the buildings and then hear the stories, memories are what this place is about and it's about those people and those memories that means so much to me, and that's why i hope that it's available for people to come from all over the united states and see this prison and understand the history and the stories that made it. >>> all weekend long, american history tv is featuring the history of jefferson city, missouri. because the city is located on the mississippi river, lewis and clark stopped here, hosted by our mediacom cable partner, recently visited many sites. learn more about jefferson city, missouri, all weekend on american history tv. >> we're at the missouri state archives and going into the stacks where the records are held for the archives. we hold records from all branches of state government. we have about at least 338 million documents in our holdings here, a half millio

>> she looks nice. >> hot. >> dad, what do you think? s even more beautiful now. >> that's a great dress, jill. >> i love the front. she turned around and the back is gorgeous. >> i want to show the back. look how pretty that is. >> the lace and ruching. >> it's maggie london. it's a way to change up the little black dress. it's shorter in the front and longer in the back. and she didn't have one. this is a trendier version. >> a big round of applause for terri. you can join your boys over >> our second lady is jody, 52, from las vegas. a mother of four and never had the time to take care of herself. her definition of hair care consists of going to a local beauty school and have the students do her cut and color. let's hear her story. >> all right, bree, i know you want this for your mom, probably more than her. why does she deserve it? >> she is such a great mom. she brings everybody everything and does everything for us. she brought us to new york city. we're having such a great time and we can't wait for the rest of our day to be start

crab cakes, what are you looking at? geico. n minutes could save you fifteen percent or more on car insurance. >>> a little bit of a downside bip bias, not much in the market. russell 2000 off about 4. 5 points. the big events still ahead for the market. expect treading of water until we get passed the fed, ecb and jobs report. ty? >>> kim forest, you shoot sporting clays? >> sometimes i do. >> to aim at some of these earnings coming down the pike tomorrow. >> i think ubs is really interesting to give us a snapshot in to what might be happening in europe. there's a smaller company called bmc. they're on tap and pfizer also. >> look at pfizer and bp there. >> yes. >> one it is look at tomorrow.

you can't be looking for a three or five year return. you need to be focused on where do you want to be ten years from now? the situation in europe will take a long time to work itself out. i believe we're still in the early innings. you could see a break up of the euro or could see the germans walking away. the germans have a domestic political problem where the people are getting tired of bailing out the rest of europe. >> all right. mike, good to have you on today. also a programming note. mitt romney meets with larry kudlow tonight. turn in for that interview 6:00 p.m. eastern time, midnight cet. >> what do you want larry to ask the former governor and would be president of the united states. if you want to join the conversation here on "worldwide exchange" get in touch with us. e-mail us at worldwide@cnbc.com or tweet us at cnbcwex. >> still to come, someone think the fed needs to let rates go up a little bit. more on that when we come back. [ female announcer ] e-trade was founded on the simple belief that bringing you better techno

if you look at all the different value recapture mechanisms that are in place? and does this tell you anything -- does this tell us anything we did not know? >> yes, it does two things. one is that it does support and maybe go beyond what we had been assuming for the property values that we have been projecting. so the work that the group has done on the past to give us the values on the properties. in fact, when we talk about the premiums in the things that were incorporated into the condo sales prices that led us to the individual values that we expect to achieve, it supports that and beyond. >> ok, so i am interested in the "and beyond." >> i think to answer your question more particularly, we looked very carefully at the word that we have done for the tjpa in terms of land values and property values, and this study parallels the kinds of premiums we have been anticipating as part of the residential and office premiums that have been assumed in the prior work that we have done. and the other part of the that we did is we looked at, for example, the millers --

right in the face correct if you're looking for yes you know the key is you have to look for it in the banking system when. i scratch your bed you scratch my situation you know if one looks for he causes trouble for many of entities long food chain so if you go for you be ostracized you and you'll probably end up like many of the traders who got caught so i mean the traders who are blamed for these multibillion dollar banking losses it's interesting when you have two three four five billion dollar banking. loss and they accuse a junior trader you know of causing such a significant loss let's take the best case scenario and say that's true what kind of mismatch resistance do you have in a world class bank where you have a junior trader that could take a loss you know it's outrageous the key is that if you take a look at all the market mechanisms that are unfettered by. the ability of the bank to affect pricing such as the c.d.s. market such as the bond markets you see that the market thinks that the banks should be paying significantly higher rate than the ban

you want to look at a ralph lauren. >> really? so you wanted to go the opposite of the recent data points we've gotten from nike? >> look at response today in nike. nike traded incredibly well. look at yum! again, trading incredibly well. i think the effect of easing policy in china is not going to be on materials or on energy. it's going to be on the names that are selling consumer goods into china. don't forget app alapple. >> would you agree with that, tim? is that really just a sign things are slower than we all thought they were? >> i think you can both be right. how quickly this will trickle down, i don't think the same sensitivity to a u.s. consumer where you cut rates and the reaction we've seen. although, around here we know rates can go nowhere. i think in china the concern is that, first of all, not cutting the triple rs or a reserve ratio requirement cut, which is i think what a lot of people expects, but more going towards the lending rate is a sign of desperation. we shall see. we have a lot of numbers coming in next