mandy ends in september the former inspector generals to a bow and just testified for in front of the house foreign affairs committee for the final time a couple weeks ago and and said the u.s. taxpayers would reap about one point six billion dollars in benefits from audits and the the agency would receive about three hundred million dollars in reclaimed monies monies that were embezzled and so on there's a tremendous amount of waste and fraud and abuse going on in contracting and there are other broader implications as. well i mean it just pains me to hear something about what detroit is going through and hearing this i don't know if wasteful spending and i want to talk about speaking of ways that i want to pull up a couple interesting projects that we just found out about thirty four million dollars building a military headquarters that will never be used seven hundred eighty million dollars for counter-narcotics aircraft there's a shortage of afghan pilots actually to maintain these aircrafts thirty three hundred sixty million dollars given to taliban and affiliates of al qaeda ove

mandie ends in september the former inspector generals to a bow and just testified in front of the house foreign affairs committee for the final time a couple weeks ago and and said the u.s. taxpayers would reap about one point six billion dollars in benefits from audits and the the agency would receive about three hundred million dollars in reclaimed monies monies that were embezzled and so on there's a tremendous amount of waste and fraud and abuse going on in contracting and there are other broader implications as well i mean it just pains me to hear something about what detroit's going through and hearing this i don't know if wasteful spending and i want to talk about speaking of ways that i want to pull up a couple interesting projects that we just found out about thirty four million dollars building a military headquarters that will never be used seven hundred eighty million dollars for counter-narcotics aircraft there's a short of it of afghan pilots actually to maintain these aircrafts thirty three hundred sixty million dollars given to taliban and affiliates of al qaeda over the

mandy ends in september the former inspector general stuart bowen just testified for in front of the house foreign affairs committee for the final time a couple weeks ago and and said the u.s. taxpayers would reap about one point six billion dollars in benefits from audits and. the agency would receive about three hundred million dollars in reclaimed monies monies that were embezzled and so on there's a tremendous amount of waste and fraud and abuse going on in contracting and there are other broader implications as well i mean it just pains me to hear something about what detroit's going through and hearing this i don't know if wasteful spending and i want to talk about speaking of ways that i want to pull up a couple interesting projects that we just found out about thirty four million dollars building a military headquarters that will never be used seven hundred eighty million dollars for counter-narcotics aircraft there's a shortage of afghan pilots actually to maintain these aircrafts thirty three hundred sixty million dollars given to taliban and affiliates of al qaeda over the

on key mandy. the the it's all on watch abc. >> this is special new benefit brought to you by abc 7 and comcast at&t and charter communication. all at no additional cost. all you have to do is down load the app mobile device and sign in using account information or log on to the web site and get the watch live stream now. >> pretty cool now found out how to access watch abc at 7 news.com. down load the app for the mobile did he vase. search for watch abc on air on line and on your mobile did he vase. 7 and 7 news now available everywhere that you need us to be. >> coming up. stanford scientist say a kid throwing temper tantrum and volcano eruption have a lieutenant in for over 60,000 california foster children, having necessary school supplies can mean the difference between success and failure. the day i start, i'm already behind. i never know what i'm gonna need. new school, new classes, new kids. it's hard starting over. to help, sleep train is collecting school supplies for local foster childre

." >> see you at 2:00, mandy. thank you. at the cnbc's delivering alpha conference, john paulson said he's bullish on housing. where do you stand? he's right, invest in real estate, invest in stocks before real estate, or i think real estate's on shaky ground. only 45% think real estate is on shaky ground. yikes. >> we head to the nation's capitol. what your money buys you in north arlington, a very close-in suburb to washington, d.c. i grew up there. joseph zork is a 30-year veteran with the office of coldwell banker. mr. zork, welcome. let's go through the stats about north arlington right now. homes under $800,000. there are 23 active listings. the average price a little under 700,000, the average number under contract, 16, and sold 308. 200 have been sold every year. how would describe the market there? >> i would say it's sizzling. thank you for having me. the market is very intense, and you need to be on the top of your game to get a good property in this area. >> arlington has really had a renaissance as people have s

mandy, power house time. this week we are in denver, colorado. larry hotz is a broker associate with the kentwood company. the average closing price, 349,339. in june there were 2700 homes under contract, inventory in june, 97,000 unsold. how hot is it, larry? >> i'm exhausted, tyler. it's a very hot market. >> it is. have interest rates, the rise in interest rates, affected, dampened, done anything that you can see? >> you know, so far it's a little early to tell because the homes that went under contract haven't worked their way through the pipeline at the old interest rates yet. the real test of the market will be the next 30 days when we start to see how we do with the higher interest rates. >> in the mid 4's as opposed to the high 3's or even high mid 3's. you have some houses to show us today. i love denver. it's one of my favorite cities in the country. our first listing, stapleton area, 3174 ga lena in denver. the taxes, a modest $3,863. that's what i pay in a month and a half. talk about it. >> this is a beautiful home in stapleton. it's

for more what's coming up next on "street signs," let's head on over to mandy. >> thanks so much. top of that hour and that time of the month. the latest fed minutes will be released top of the show. we all know of piloulty buildin houses and i went cronut hunting this morning. i spoke to the peel in the lines, some waiting to get their hand on the beautiful flaky pastry. lots of footage of what we saw. >> like a krois between a croissant and doughnut. >> a lot of imposters out there. >> these are the real keel. sounds very good to me. larry pope testing before the senate agricultural committee. senator chuck grassley is one of the makes we're gilling. welcome back, sir. are you troubled about their safety record? >> the answer to that is not just their record, chinese pork production generally because they just had an additive taken out of their feed for bigs because it was thought to make people sick and that raises issues. on the other hand. know china's got responsibilities under the wto to abide by the sanitary standards of the wto. when it comes to production in the united s

tdd#: 1-800-345-2550 >>> while mandy since cappuccino in italy we're living a non-vida life. dreamworks animation cutting hard citing the weekend opening of "turn ore." not likely they will hit 100 million in total domestic box office. that could be a major flop. the market rating remains a market perform. h & r block downgraded from neutral to buy. they cite valuation and say meaningful jump in growth will spark the market multiple. look at that stock chart on hrb. next stock, onyx pharmaceuticals, monster run from $20 to 130 in three years, downgraded today from hold to buy. deutsche bank raised the price target to full value in case of a deal. remember, onyx confirmed on the 16th they were actively accepting bids from potential buyers. somebody got really rich on that. congratulations to all you folks who did. and as always the final stock is your under robert kardashian radar name of the day, this is called light in the box, not sure if jack is in there. a chinese online retailer, 16.50 target, stock is down. sullivan, why are you bringing this up as a neutral? a lot of p

so mandy, what are we looking at here? major disappointment, especially given the company already warned. >> they already warned and then, of course, they came out with disappointing numbers in terms of what they're expecting for 2013. but i would also, first of all, really like to give a big shut out to herb greenberg who has been following this stock closely. did a big documentary as well. he would say if he was here, you had been warned. he did raise these red flags. they slashed 2013 sales forecast and it's because of disappointing demand for their di vinci robots. here is another problem. they say also that u.s. regulators are issuing a warning letter to them after they did an inspection of their facilities. stifel nicolaus said you really don't know how big of an overhang that fda letter will be and what exactly they were warning over. obviously intuitive sirl has come out and said we're going to take steps to resolve any concerns they have. we've seen a couple down grades today, one from s&p capital iq to strong sel

mandy will be back tomorrow. the markets are higher. hope you have a great, hot monday. "closing bell" is next. >>> and coincidentally, this is "closing bell." welcome for a monday, i'm bill griffeth here at the new york stock exchange. stocks are moving positive, starting off the week here. we're having a good day so far. >> that's right. i'm kelly evans in for maria today. the final hour of trading kicks off with the dow adding 102 points. there's plenty happening on today's show. it is the unofficial start of earnings season. >> here we go. >> kicking off about an hour now when alcoa reports. the ceo klaus kleinfeld will be here. we'll ask what he's doing to

mandy is back at cnbc hq, and we're live for you all day here in the motor city.

." >> thanks, mandy. miguel morales was leader, feared leader of the zeta's drug cartel. he had a $5 million bounty on his head and is considered one of the most dangerous criminals in the world. what will the effect be? answers from former drug czar and general barry mccaffrey. >> thanks, michelle. >> tell me about this individual. you became familiar with him while were you drug czar, correct? >> he was a pretty low level teenage thug when he began his criminal career. as you know, he's eventually ended up as the head of the zeta, once of the most gruesome organizations on the face of the earth and accused of murdering hundreds of people. a $5 million reward on our side of the border on the head. operating in guatemala and the united states with murder squads, laundering money, smuggling drugs. he is a major threat to both mexico and the united states. >> do you thinks his arrest changes anything, or does somebody just step in and take his place? >> i think in the short run it will probably be a tremendous vote of confidence surely for the mexican marine corps which pic

we're mandy by your foot he says you're late over at a major overhaul we have very little interest takes a long time to implement and you know yes there are credit problems or you know i know a lot of people in india that row are trying to get this passed but you know what social security took a while to get off the ground and people like that a lot now to care. you know shakedown cruise for medicare to you know i think the simple thing is to simply say ok we're going to fund it well to do away with obamacare yeah we're simply going to reduce the eligibility age for medicare to zero. or are or basically go to single payer which is basically. what i just said yeah i mean it's like so yeah that's been the plan the whole time so as a conservative would you support that you know what because it works in every other not all even the little hand. and it does well head yes the free market will do talk about the one that adam smith warned us about in wealth of nations the one time that he mentioned it was a warning i am convinced that the free market would take care of the problems if the govern

." >> we'll see you at 2:00, mandy. thank you very much. >>> interest rates on student loans doubling today after lawmakers failed to find a bipartisan solution. half. on pearson joins us from washington with the fallout on this. hi, hampton? >> reporter: hello, sue. senators left town before figuring out a plan to letting loan rates on doubling today. more than 7 million college students are expected to take out subsidized stafford loans in the academic year. starting today interest rates will double from 3.4% to 6.8% on all new loans. last-ditch efforts by two groups of senators fell short before the senate recess. a bipartisan group calling for a long-term fix to all the federal student loan rates tying them to interest rates and tying them to the d-bill and leading democrats pushing for a one-year freeze keeping rates at 3.4% with time to craft a big picture fix. now earlier today on cnbc vermont independent senator bernie sanders talked about student debt and its impact on the overall economy. >> people graduating

. >> i'm mandy drury, a and this is "the power pitch." founders have 60 seconds to make their pitch and our panel will dig into the business model giving you inside access. henry weingarten is the founder and ceo of fooducate, a startup that wants to help you make better food choices. this is his power pitch. >> hi. i'm hemi wey ingarten, i'm the ceo and founder of fooducate. a few years ago we brought a glow in the dark yogurt for the three little kids and i was shocked when i read the ingredient list. our goal is to help you make better choices by using your smartphone. we have an iphone app an android app, it was apple's best health app of the year. scan a barcode in a supermarket and we show you a letter grade, a, b, c or d, and we even offer you healthier options. people are now making better choices for them and their family and our app is generating revenue in various ways through partnerships in the health care industry and healthy brands. in short you can say that fooducate is the best thing since sliced whole wheat bread. >> hem

." >>> i'm mandy drury with your market wrap. the dow soared 169 points, zen up by 22, the nasdaq jumping 57 at record highs for the s&p and the dow. will these big gains come after fed chairman ben bernanke said yesterday the central bank would continue the economic stimulus efforts for the foreseeable future. >>> jobless claims roe unexpectedly, though, last week, and microsoft shares are up after they announced a restructuring including the president of the office division retiring. now back over to "hardball." >>> back to "hardball." now for "the sideshow." believe it or not it's been a big week in washington for science fiction fans. on monday, two house democrats introduced big hr-2617, otherwise known as the legacy act, which is intended to establish a national park on the moon. the so-called moon bill has little chance of being enacted, but received some attention and mockery by the press. it may not be a great leap or small step toward colonizing the moon, but has delighted some sci-fi fans nonetheless. >>> on to the sci

late we're mandy by your foot he says you're late over at a major overhaul we have been rooting for this town's takes a long time to implement and you know yes there are your credit problems right and i know a lot of people in india that row are trying to get this passed but you know what social security took a while to get off the ground and people like that a lot now to care but if you're you know shakedown cruise for medicare to you know i think the simple thing is to simply say ok we're going to hold you fund it will do away with obamacare yeah we're simply going to reduce the eligibility age for medicare to zero. or are or basically go to single payer which is basically that's what i just said yeah i mean it's like so yeah that's been the plan the whole time so as a conservative would you support that you know what because it works in every other not all the even the little hand i did as well yes the free market will talk about the one that adam smith warned us about in wealth of nations the one time that he mentioned it was a warning i am convinced that the free market would take c

mandy will be back tomorrow. the markets are higher. hope you have a great, hot monday. "closing bell" is next. >>> and coincidentally, this is "closing bell." welcome for a monday, i'm bill griffeth here at the new york stock exchange. stocks are moving positive, starting off the week here. we're having a good day so far. >> that's right. i'm kelly evans in for maria today. the final hour of trading kicks off with the dow adding 102 points. there's plenty happening on today's show. it is the unofficial start of earnings season. >> here we go. >> kicking off about an hour now when alcoa reports. the ceo klaus kleinfeld will be here. we'll ask what he's doing to change the stock's direction. >> that could be the dog of the dow. we know what happens to the dog of the dow the next year. last year's worst performer was hewlett pack add. >> i was going to say. >> this year, the best performer. >> and best buy, if you could just -- if everyone could time the bottom. >> well, of course. if you could buy at the low, you could sell at the high. >> that's the secret. >> we'll talk

in hudson,from mandy new york. : could she give us the top five or six actions at the federal government to do to bring down regulations and uncertainty and how it would affect the demand for labor and how the same regulations and uncertainty caused the labor collapse in 2008? anything that would woulde the labor market promote. so streamlining regulation, getting rid of all of the regulations that are hindering the ability to hire the ability to do business or the ability to start a business would be a very good thing. the tax coderming would be a really good thing. president obama talked about and there has been an effort and a lot of talk about engaging not rates, raising marginal but actually reforming the whole thing. right now right now the tax code is complicated and unfair. it has benefited higher class businesses. it is extremely inefficient. we need to reform the tax code. reform of the way washington thinks, we need an end to cronyism. it is not just the signature of the obama administration. this is what the administrations do. they cater to their special interest friends at

i'm joined by my colleagues from street signs, mandy drury and brian sullivan. we'll call you sully. i just saw "monsters university", he's a big scary guy played by john goodman. you're big and scary. >> not scary. the whole point of "monsters inc.," he's not scary, big and fluffy and green. or blue. i don't know. >> big and fluffy and green. >> i appreciate the sentiment of what you're trying to do, but the whole fluffy thing, uncalled for. >> is that offensive if i call you fluffy? >> it is better than calling you fluffer. >> john goodman is a good actor, fantastic. i have no -- the show just started. is this how it is going t

. >> mandy, short term, it's about earnings. >> yeah. >> over the short term it's about earnings as we have a big week, alcoa, jpmorgan, wells fargo. what are you looking for? >> you're absolutely right that it's about earnings in the upcoming season, and i've seen a lot of negative pre-announcements. in other words, companies that i guess are not wanting to give people a bitter shock when it all happens and they are starting to guide downwards already, and i think it's not looking good in terms of the number of negative printouts versus the number of positive runs but i want to say because we've been mentioning egypt and portugal and greece which is another flare-up point in terms of the debt crisis as well. throw in some weak overnight data we got overnight from china. i'm noticing that gold is starting to get a bit of a respite. it fell by 23% over the past quarter, the worst quarterly performance on record, and i'm starting to hear people say maybe all these geopolitical issues around the place, maybe not necessarily going to say the worst is over for gold, but at least give it a t

here is mandy from south carolina. my husband and i are living paycheck to paycheck. we tried to pay off debt burks end up in a bad place. what should we do? >> this really ends up being a sense of denial and you've got to step in and really attack it. once again, we've got to lay out a game plan and we've to have something where we're aiming at a 5 or ten or 20 year goal. not just friday. oh, god it's monday. >> gretchen: thanks for being so concise and helping people out and hopefully they can get past those thing in their head. have a great weekend. we'll see you next week. >> you too, thank you. >> gretchen: busted again, anthony wiener caught lying to voters. now he wants your forgiveness again, a second chance. but can voters ever believe anything he has to say? then an adult son refuses to get a job and his parents keep footing the bill. is that normal or nuts? the guy who is inside your head, dr. keith ablow, with the diagnosis coming up next what makes your family smile? backflips and cartwheels. love, warmth. here, try this. backflips and camm, ok!s. ching!

. -- mandy a man didn't iant report. they were able to identify a political unit that had in going afteres things like our electric grid to find that were they to get into that system. not because i do not think the chinese are going to turn off our lecture good but because they were just getting ready in case they ever needed the opportunity to shut off. this sounds a bit orwellian but it is alive and well. the chinese have that capability. it was troubling for us that they have been so persistent to fine places to lay this code into our lecture grid. if they ever needed it they could shut it off. last piece which is concerning which is where you they have more success than we had anticipated they would have. that concerns us. how do they keep their capability where they got it? it was significant. it means their rapidly increasing their ability to conduct mischief around the world. why is that a problem? not a rational actor in the economic stage. they're pursuing their nuclear webs row graham. cyberey are pursuing war