ashley: i'm ashley webster. waiting on the fed. wall street is eager to hear what the fed said behind closed doors about, oh, yeah, tapering those bond purchases. the fed minutes and market reaction just moments away. tracy: and serious concerns about china's takeover of american pork giant smithfield foods. now a senate committee wants answers from smithfield's ceo. we'll get them this hour. we're live from capitol hill ahead. ashley: a new controversy over planned capital rules for big banks. but first -- tracy: peter barnes, what have you got for us? >> tracy, the minutes from the june policy meeting show some fed members definitely interested in dialing back quantitative easing this year. in fact, the minutes say specifically about half of the fed members want to do it this year. many others it says want to continue quantitative easing into 2014 but let's get to some of the text here. the minutes repeat the obligatory line at that tapering will be data dependent for these fed members especially on job creation. quote, many memb

ashley: no kidding. stocks letting go of some of those gains as we approach the final 90 minutes of trading. a live update from the new york stock exchange is right around the corner. lori: plus new developments in the insider trading case rocking wall street and the accounting world. let's show you some winners and losers making up this market today this monday, 4th of july week. cablevision is up. best buy gaining. 8 1/2% gain for best buy. cablevision having a monster day also, up 9 1/2%. ♪ ashley: just under 90 minutes until the close on this monday, the holiday weekend. the state collected the dow 30. a lot of green on the screen, as you can see. being led by united technology, american express, p&g is in the green three on the other side, we have at&t, home depot's and intel, like this today. overall a pretty good day for the market. nicole petallides is at the new york stock exchange with the latest. >> reporter: thanks. taking a look catamarca's. lots of green on the screen. also watching key l

back to ashley. ashley: lauren, thank you very much. appreciate that. >>> retail sales rose by a disappointing .4% in june from the previous month that is half of the gains economists were looking for, auto sales, consumer spending essentially unchanged. up just a tiny bit. here to break down numbers, we have a retail analyst at at chelsea advisory group. joe, thank you for being here. as you've gone through the numbers you're not quite as pessimistic as the headline number suggests? >> that's right. if you look at core retail numbers year-over-year was up .9%. that is fairly solid when you factor in very low inflation. we're seeing spending in base being goods, we're seeing basic consumables stay items but the trend is not so bad. definitely a little disappointing from what was expected but not awful. ashley: you mentioned the building materials, you felt certainly that had an impact this time around? >> absolutely. we saw week data there with building materials. when you look at the weather throughout the country, there was weak weath

ashley: he is not a fan. let's get down to nicole petallides on the floor of the new york stock exchange. despite the losses as we just said, waiting for a big gain this week. >> it's a great week this week on wall street, right? let's look where we are. dow jones industrials are down 14 points. we approached 15,500. we were two points away from there. 44 points away from our all-time record intraday high. we pulled back a little bit here. look at these one-week charts, right? looking pretty good. the major averages are up 2% for both the dow and the s&p. the s&p is up 2.6% for the week and the nasdaq, maybe live charts. the nasdaq is the best of the bunch up 3%. we've had a good run and we've been in record territory for our closes. that's worth noting. we should take a look also as we're talking about the major averages, a couple of quick notes. boeing is weighing on the dow 30, 40, 50 points, depending where it is any given time. you do get in mixed economic news. you saw a little bit of inflation as senti

ashley: i will now. tracy: you all will now. >>> the sec is charging the city of miami and its former budget director and securities fraud alleging that the city falsified its finances to mask growing deficits. like who hasn't done that. with more,. liz: with emac's -- elizabeth macdonald's bottom line. >> what we're talking about here, essentially the city of miami being charged with securities fraud. here is what they did with making their financials hot dogs and weaners. they essentially took money from a construction fund to fill, make up their finances in the general fund. ashley: sure. >> in order to lowering their borrowing costs in the muni bond market, right? ashley: right. >> they issued three separate bond offerings but got great credit ratings on them. lo and behold, fraud, falseification, misleading investors based on the finances were worse than what they were showing to investors. got to the point the sec got so angry, should be noted the sec has a unit inntheir enforcement division lookin

ashley: i'm ashley webster. caution ruling the day on wall street as they brace for the fed meeting coming up later this week and corporate results. the dow is off nearly 50 points after barely eking out the fifth weekly gain in a row. we'll have biggest movers for you straight ahead. tracy: plus, let the spending begin. the white house is tooting its own horn about deficit cuts but wants to boost deficit spending yet again. the republicans no surprise want the opposite. how will it shape the deficit fight ahead. ashley: ad campaigns for legendary rivals like coke and pepsi and you under the same roof. omnicom or publicist teaming up trying to take power back from the online ad surge in silicon valley. we'll look at these deals and many more. it has been somewhat after merger monday straight ahead. there you go. tracy: sure has. ashley: time for the stocks moving a little lower. let's go to nicole petallides on the floor of the new york stock exchange. nicole? >> ashley and tracy, we're sseing the markets under

ashley: i'm ashley webster. a magnet for market cheaters, that is what the government is calling sac capital. the multibillion-dollar hedge fund hit to criminal fraud charges tied to quote, systemically insider trading. the latest and what is next for sac investors coming up. tracy: we had wild swings on stocks on earnings hits and misses. we'll have the biggest movers and a preview what is coming up after the bell. our special report also today, america's shale boom today. how investors can make money on the energy surge. we have two analysts that share their picks ahead. ashley: plus t. boone pickens told us earlier this week, fracking, it is safe for the environment. greenpeace executive director phil ratford responds. that is coming up. tracy: you can take a guess what he thinks. ashley: doesn't agree. tracy: time forgoing to the floor of the new york stock exchange. nicole with we're just flat-lining now. >> what a day we've had on wall street. back and forth action. news on sac. we're in the middle of earn

ashley: i'm going to ask you a question. this is ashley webster. like him or not, morsi was democratically elected and there was the sense that if someone is elected now in egypt and they are not liked by one group or another that we are going to see chaos in the streets rather than go to the polls and have that person removed through the vote as opposed to the military. how would you respond? >> democracy and there are the roots of democracy. the rules of democracies if you're democratically elected you cannot disobey your constitution. you cannot to retired judges. you cannot animate the business community. i mean, you cannot go against the people who voted for you and you cannot miss perform your job. when people talk about the military, is the first time in history i've seen a military coup down by 30 million people. three times the number that voted for morsi. so if he was elected by 9 million voters, 30 million went down and said we don't want him. you know, elected democratically . that is exactly what this guy did. so we're very happy. ever

ashley: i'm ashley webster. record highs yet back in reach. the dow surging up 76 points at this stage. now trading within just a little over 100 points of its all-time high of 15, 409. top market strategist jeff klinetop tells us why he says more gains and yes, more wildness yet ahead. tracy: american small businesses are losing confidence in the u.s. economy. the national federation of independent business chief economist, bill dunkelberg, tells us what their biggest fears are coming up. ashley: pumping oil out of the ground using solar powered steam instead of natural gas. you may not know much about this but one american company is luring big funding and customers for its new technology. we'll meet the ceo. this is very cool. a solar story that is actually a success. that is great stuff. unlike other as we know. time for stocks as we go straight to nicole petallides on the floor of the new york stock exchange. nicole, another strong day. >> ashley, tracy, looking good, right? the stock market is holding on pretty nicely. the dow jones indu

ashley: ashley: i'm ashley webster. a tuesday rally is gone on wall street. stocks turning negative. the dow is now off about 13 points, just off slightly. had been up nearly 75 points at session highs. the nasdaq's five-day winning streak is also in jeopardy. lori: this interesting at least to me. the federal reserve putting big banks on notice. tighter capital rules are coming. is it enough to stop another financial crisis? financial expert, josh rosner, one. first to predict housing's crash, he is our special guest this hour. ashley: egypt is on the brink of civil war. hundred of thousands of people are protesting for and against its embattled president. it is sending prices higher yet again. we'll have the latest from cairo. markets are turning slightly negative on this, well, light volume week. there is lots to trade on as far as economic data. nicole petallides down at the new york stock exchange. >> i'm chatting. sometimes you're catching me while introducing me. i am still talking to traders. i was talking to ubs head floor trader, art cashin talking

ashley: may be. with unemployment still high and economic growth weak an tepid, is the fed making the right move and can it exit the program gracefully or will it be as former fed chairman greenspan put it, messy. liz: he has got nerve. ashley: gary stearn, former president of the federal reserve bank of minneapolis. mr. greenspan has other issues he could discuss as well. thank you so much for being here, gary. you had a very unique perspective on all of this. i'm sure you wonder what is going on in there as well. has ben bernanke, before we get, to, you know, can they get out of it gracefully has mr. bernanke done everything he could and do you generally agree with everything he has done? >> i think the fed has againly been heroic throughout this because the economy and markets faced major challenges and i think the fed has done a lot to try to alleviate that. hopefully they have been wise as well. these are uncharted waters in many ways, not the kind of thing that central banks typically faced. so

ashley: great observation. michael, thank you for joining us. >> great to join. >> great to have you, michael. he picks specific names. he doesn't just like the ones rising from higher oil prices. >> >> chinese data prices fell in june. you have to watch all data out of china. underlying economy weakness raises fears that a deeper slow down may be on the horizon in china. ashley: what is the cost of the shift to slower economic expansion? jo ling kent with the story. jo? >> last time imports and exports contracted was october of 2009. this will impact american business owners doing deals across the pacific. 174 billion compared to 1% increase in may and short of expectations after 4% rise. imports were down .7% to 147 billion year on year, revealing sluggish domestic demand far below expectations which were an 8% jump. now this monthly surprise -- surplus fell 14%. the trade surplus dropping down to 27 billion. now the next peas of the puzzle is do you out monday jewel 15th, when second quarter gdp comes out. t

ashley? ashley: that's interesting. modest to moderate pace, i guess that is pretty much what the data has been indicating. also, peter, fed chair ben bernanke giving congress a clear message on the fed's plan on bond buying and interest rates. the question is, is the message being received clearly? >> yeah. he was, he was hammered on the increase in interest rates since he began talking about tapering quantitative easing back in may. interest rates on mortgages, specifically have gone up. you know about a full percentage point. several members the house financial services committee raising that issue but chairman said that, as far as the tapering plans, again it is going to be data dependent. if the numbers keep coming in as they have, the fed forecasts tapering could begin late they are year but he said that these plans are quote, by no means on a present course. but, in the very last question he was hammered about interest rates and it sounded like he slipped a bit. take a listen. >> i don't think the fed can get int

back to ashley. ashley: heather, we appreciate that. it is day two in the civil trial against former goldman sachs vice president fabrice tourre. the sec claims tourre knowingly misled investors and cost them over a billion dollars in losses. elizabeth macdonald in the courthouse in lower manhattan with very latest. liz? >> good to be with you, ashley and tracy. fabrice tourre's defense says he is scapegoat. he was the only guy doing the sale of mortgage derivative deal which cost investors more than a billion dollars. the action is heating up behind me in the district courthouse here. basically we're seeing executives from paulson and company, that's the hedge fund that sold goldman sachs on the idea to build this derivatives deal that was built on subprime loans, get this in california, arizona, nevada, and florida. 99% of those deals went south. they were downgraded within a year's time. actually nine months time. so his lawyer is saying hey, he was only 28 years old at the time. he was a piker in a big pond of fish over there at gol

ashley: i'm ashley webster. lower corporate taxes, higher government spending, the white house says president obama's new plan, well it has both and it will build american jobs but republicans not so sure. we're looking ahead for answers. >> no surprise there. american home prices are up a whopping 12% from last year. denver and dallas hitting all-time highs. that's right, higher than their pre-crash peaks. we'll ask s&p's dave blitzer if he thinks it is all too good to be true? that is coming up. ashley: one of today's biggest winners, commvault surging 10% on another stellar quarter. we'll have chairman and ceo bob hammer and he will tell us how they plan to keep up the explosive growth. you don't want to miss that. let's get to nicole petallides on the floor of the new york stock exchange. drifting slightly lower again today, nicole. >> ashley, tracy, we have economic news where we saw confidence dip and that is not good news. home prices improved so that was good news but you do we have a mixed market. tech

>> hi, ashley. lawmakers are hearing from two key officials who handled the applications of conservative groups seeking tax-exempt status at irs. one from washington, the other from cincinnati. both suggested they were micromanaged, in these cases tea party applications by higher ups in the irs at washington. although the initial story was a couple of rogue agents in cincinnati. >> did you and other people in the cincinnati office feel they were being unfairly blamed or used to excuse this political activity that was going on in the washington office? >> i can't comment on what others but personally i, i felt like it was a nuclear strike. i felt they were blaming us. >> as lawmakers try to get to the bottom of the irs mess there's been a fair amount of partisan bickering. one democrat went after chairman darrell issa, blasting him for previously saying this was the targeting of the president's political enemies in election year. >> so when the chairman cautions us correctly, to withold judgment, to

ashley: i'm ashley webster. breaking news from the federal reserve is just moments away in under three minutes now. wall street and the world waiting to hear whether the fed will give any clues when and how it will start cutting back its bond buying. we will bring you the fed statement of course in just about 2 1/2 minutes. plus market reaction and analysis with our all-star panel. they're raring to go. check markets ahead of fed news. we're up across the board. we're certainly off session @ighs but certainly managing to stay in the green as investors wait to see what the fed has to say. only red arrow there is gold moving down $14.70 an ounce, down to $1310. meanwhile, as we say, the markets well off its highs which makes you wonder whether they're like, okay, let's wait and see if there is any clues from the fed. tracy: that is good question. we'll ask our panel. let's bring them in. joining uggs doug cotetae, ing financial management. scott brown. former dallas fed chief economist michael cox. anthony valari,

ashley: i'm ashley webster. stocks flirting with all-time highs again on ben bernanke's comments so where should you be puttings your money now? we'll hear from one strategist, believe it or not, looking at europe. tracy: brave soul. house republicans flexing their muscles saying they won't take up the senate's immigration bill and they want to split the farm bill. how about that? those are fighting words. we'll get reaction from senator chuck grassley and ask him why he thinks the sale of smithfield foods to a chinese company could actually jeopardize our national security. ashley: small business, big ideas. in 10 years dark popcorn went from one small kitchen in new york city to '80 locations across the country. the company's ceo tells us how he takes on the competition, oh, yes, one kernel at a time. tracy: you went there, didn't you. you had to. we have breaking news on the federal budget. let's go straight to peter barnes down in washington. hey, peter? >> tracy, the federal government post ad big surplus i

back to you ashley. ashley, jamie, thank you very much. this is highlight the with the increase in train related oil traffic over last few years. this comes with the critical debate on oil pipeline. citizens for affordable energy, john, thanks for joining us. a lot to talk about. what we've seen in canada, awful accident, involving a run away train essentially. does this have any impact on the debate over whether it is safer whether to transport crude by rail or pipeline? >> well, i think the experts would say, that one of the reasons we have so many pipelines, in this country, moving petroleum products as well as crude oil is the fact that pipelines are generally safer. if you maintain pipelines, if you design pipelines properly and install them properly. they do not have the ongoing mechanical issues that rail does. rail is quite useful. rail can transport many, many things. but as we saw here over the weekend, rail accidents can be devastating tragedies. and when people die, when half a town is burned down, railroads go through towns. p

ashley: i'm ashley webster. motown city singing the blues. detroit filing the largest municipal bankruptcy in u.s. history. now its employees, retirees, creditors, so many more are bracing for the impact while other cities in trouble no doubt are paying close attention. we'll the very latest on this mess ahead. tracy: the obamacare shift. restaurants, one of many industries hiring more part-time workers and fewer full-timers all because of health care. andy pozner, ceo of hardee's and carl's, jr. parent cke says the government has given american business little other choice. he is our special guest this hour. ashley: financials are under pressure but having a positive week on solid quarterly results. anton chutes tell us which banks are still in good shape and what is ahead for the entire industry. that is all straight ahead. with two hours to go the market averages head are to the fourth straight winning week although there is weakness on friday. nicole petallides on the floor of the new york stock exchange. nicole? >> tracy and ashley we're

ashley: i'm ashley webster. sac gets its day in court pleading not guilty to criminal charges that it was a hotbed for insider trading. the government is promising to deliver tremendous evidence proving sac's guilt. we have the latest straight ahead. tracy: we have two hours to go. stocks are down but well off the session lows. the dow and s&p about to break a four-week winning streak. next week brings the fed meeting, jobs report, way more earnings. we'll have a preview of all that coming up. ashley: we have a full plate. a special report on america's shale boom. two top energy players break down the surge in energy production and what it means for american businesses and economy. coming up clear view's kevin book and former shell oil president john hofmeister will be here to talk about that. tracy: that will be good. top of the hour time to talk stocks with nicole petallides on the floor of the new york stock exchange. we're still up but down from where we want to be. >> we're up for the year. we're higher up

ashley: is there a concern for you? >> what you see now is we will start to learn how strong the housing market really is. we will learn a little bit about first-time buyers and second time buyers and what the market is exactly for those type of buyers overall. the dollar has strengthened. that will have an impact on our exports as well. a lot of part-time jobs are being created. that to me, is a weakness. peter barnes in washington earlier in the show said maybe that is the impact of this the cluster being seen. maybe employers do not want those with the new healthcare coming into effect. what are your thoughts on part-time jobs and how many there are being created. >> there are a lot more part-time jobs created. also, when you look at the categories that generate a lot of jobs, retail trade was very strong. hospitality was very strong. just about 100,000 plus jobs were in sectors that were typically higher part-time workers. i think it is a phenomenon of this cycle. it seems to be a growing phenomenon of the u.s. labo

ashley: really? >> yes. it is really the most significant -- ashley: right. will we ever see the u.s. car fleet, regular passenger cars move over to net gas? what if the demand raised the price andrew and the spread? >> moving america's goods. i think that is great for the country. now when you go to the passenger car market, you are talking about very big volumes. we can make a great impact for the country on the vehicles. yes, you would move up the price of natural gas. right now, i tell you, it is so much cheaper. you have a lot of room. ashley: if this does not work out, you have a job waiting for you in television. thank you for being with us. tracy: a radio could listen to that voice all day. there are two sides to this story. tomorrow, two leading energy analyst will give us their top stock picks and we will get to the other side. phil bradford will share his concern about the fracking boost environmental impact. ashley: countdown to the closing bell is here. al. really is trading higher after its earnings report. that is a rarity. we will talk about w

we'll bring ashley out. let's take one last look at ashley before. all right, ashley. come join the joy fit club. wow! hey, girl. how are you? >> hi. >> you look fantastic. >> good for you. >> how are you? >> good. how are you? >> how long did it take you to drop the weight? >> it took me about three years, but it was a hard road. >> and how critical was your boyfriend to -- >> oh, my gosh, he was everything. >> sometimes you just need the one person with you. >> that's one of the secrets to weight watchers is that you do it with a buddy. you have other people and so you aren't alone. >> a network. and also to share successes and setbacks. >> wow. >> you guys look great together. you feel like a different person? >> i feel wonderful. just the exercising alone, i can do so much. it's just amazing. >> like what? >> i'm bike riding, cycling. i've never done that before in my life. i never thought i would get on a bike or be in a gym. >> she takes a lot of classes. >> i love zumba. any kind of dance. >> literally changed your whole life. >> i feel wonderful. >> congratulat

he joins tracy byrnes and ashley webster next. you don't want to miss it. [ shapiro ] at legalzoom you can take care of virtually all your imptant legal matters in just minutes. prott youramily... d launch your dreams. at legalom.com we put the law on your side. d launch your dreams. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, to the only underarmosterone, low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axs not fouse in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. repohese symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or

ashley morrison is here in new york. good morning, ashley. >> reporter: and good morning to you, anne-marie. asian markets bounced back, slight concern over china's efforts to reform credit. hong kong's hang seng earned 2%. >>> wall street with financial tightened wells fargo and chase the dow rose 88 points while the nasdaq added five points. >>> the deficit is down according to a new white house projection. the federal government is spending $759 billion more than it is taking in this year. that's down more than $200 billion from earlier predictions. the improvement is credited to the automatic spending cuts triggered by the financial cliff and increasing revenue from an improving economy. >>> consumers are whipping out their credit cards more often. sending consumer borrowing surging. credit card use has soared to its highest level since fall of 2010. americans increased borrowing in may at the fastest rate in a year. experts say a jump in borrowing means people are feeling more confident in the economy. >>> the land

ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning to you, anne-marie. apple beat the street. the tech jiejt said tuesday they sold more iphones than expected, but profits fell 20%. still it topped expectations and shares jumped 5%. ceo tim cob said apple will release some new products in the coming months. >>> an uneven day on wall street. the dow gained 22 points to close at another record high. the nasdaq draped 18 points. asian markets were mixed. tokyo's nikkei lost more than a quarter percent while hong kong's hang seng gained a quarter percent. >>> another cost-cutting proposal from the postal service, this time to phase out door-to-door service, saving them up to $6 billion a year. last year they lost $16 billion. a house committee will vote on those changes today. >>> and a computer glitch in the nation's largest bike sharing program. city bike here in new york says the personal and financial information of more than 1,000 customers was exposed. the breach happened back in april. offi

>> well, you know. >> it's fried chicken, ashley. ashley morrison here in new york. thanks a lot. >>> straight ahead, your morning weather, and ernie els looks to go back to back in the british open. to go back to back in the british open. -yeah! go, angie! -whoo-hoo! [ sound fades ] at a moment like this, i'm glad i use tampax pearl. [ female announcer ] tampax pearl protects better. only tampax has a leakguard braid to help stop leaks before they happen. tampax pearl protects better. chalky... not chalky. temporary... 24 hour. lots of tablets... one pill. you decide. prevent acid with prevacid 24hr. ...and rewarding!ur own pet is fun... with petsmart, the destination for everything small pets. come to our biggest specialty pet sale of the year. save up to 25% on guinea pigs, hamsters, small pet habitats and essentials, at petsmart®. >>> here's a look at today's forecast in some cities around the country. new york, mississippi, 95 degrees. miami, expect thunderstorms. partly sunny in chicago. dallas, partly sunny. los angeles morning clouds, the high of 86. >>> tim

ashley morrison here in new york. thank you, ashley. >>> the food and drug administration is proposed new limits on acceptable amounts of arsenic found in apple juice. studies have shown very low levels con tang ar ssenic. the new limit will be 10 parts per billion down from 23 parts per billion and that's the same level for arsenic found in drinking water. >>> and the republicans have approved a scaled back massive farm bill, but without funding for food stamps. the measure passed 216 to 208 on thursday. they're expected to make deep cuts to the $80 billion a years. spending on food stamps. democrats are opposed to any such cuts. >>> federal air safety investigators have found no evidence of mechanical problems that may have led to the crash landing of asiana air flight 214 last saturday in san francisco. their focus now is squarely on the pilots. bigad shaban reports. >> reporter: the pilots of asiana airlines flight 214 told federal investigators they were using auto throttle during their descent saturday. just sec

ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning to you, anne-marie. >>> well, good news for students borrowing for college just got cheaper. on wednesday the senate passed a bipartisan bill to lower interest on student loans. in july they double to 6.8%. the federal loans are linked to financial markets and will go up when interest rates eventually rise, but this fall the rates are locked. undergrads will pay 3.9%, grad students, 5.4%, and parents, 6.4%. president obama is urging the house to pass the bill quickly. >>> house republicans may add a work requirement for people who get food stamps. they met wednesday to consider ways to trim the $80 billion a year program. 40 million americans received food stamps last year. the government says 92% are children, the others, elderly, disabled, or people already working. >>> tokyo's nikkei lost 1% while hong kong's hang seng lost half a percent. >>> facebook didn't just beat the street wednesday. it blew it away. the social network delivered bett

ashley morrison here in new york. thank you, ashley. >>> well, a deadly earthquake struck china this morning. the 6.6 quake centered in began sue prof vince. at least 53 people were kill and more than 300 injured. nearly 400 buildings have collapsed. 5,600 have been damaged. there have been more than 370 aftershocks. >>> new plans to revive peace talks between israel and the palestinians that broke down three years ago may not be a sure thing after all. tara mergener is in washington with the latest on that. good morning, tara. >> good morning, anne-marie. well, if john kerry is successful, israelis and palestinians may be inching toward the first significant negotiations in years, but both sides are skeptical. any potential talks will yield real progress. both israelis and palestinians expressed doubts sunday that peace talks between the two would resume. >> this is a very tough, tough nut to crack, and i don't see it being easily managed at this time, given the politics of the situation on both sides. >> among the s

ashley morrison in new york. thank you, ashley. >>> straight ahead, your weather and in sforts arizona center fielder a.j. pollack gives it his all as the d'backs try to hold off the dodgers. your first time missing a payment, so there's no late fee. really? yep! so is your husband off the hook? no. he went out for milk last week and came back with a puppy. hold it. hold it. hold it. at discover, we treat you like you'd treat you. get the it card with late payment forgiveness. help the gulf recover, andnt to learn from what happenedg goals: so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all our drilling activity, twenty-four-seven. and we're sharing what we've learned, so we can all produce e

thanks, ashley. ashley morrison here in new york. >>> coming up on the "morning news," hollywood tragedy. the search for answers in the death of "glee" actor cory monteith. this is the "cbs morning news." is is the "cbs morning news." b? ♪ ♪ dry hair needs a daily dose of effective moisture. new dove daily moisture has pro moisture complex that goes deep down to hair's cellular level. it moisturizes to give you up to 5 x smoother hair in one wash. dove's most effective conditioner yet. new dove daily moisture. ♪ [ all ] who's new in the fridge! i help support bones... [ ding! ] ...the immune system... [ ding! ] ...heart health... [ ding! ] ...and muscles. [ ding! ] that can only be ensure complete! [ female announcer ] the four-in-one nutrition of ensure complete. a simple choice to help you eat right. they weren't looking at me. ♪ i can't believe i still have acne at my age. i feel like it's my acne they see...not me. [ female announcer ] acne is a medical condition that can happen at any ag

i'm dan ashley. i'm dan ashley. - hello, nick. - hey, mr. peterson. - i wanted to talk to you about a... "you scratch my back, i scratch your back" situation. - okay, well, i'm listening. - i know. i can see that. can i finish? what would you do for two tickets to the mariners' home opener? - [laughs] anything, as long as you film it. - excellent. okay, great. expect toby palmer first thing in the morning. - wait wait wait-- expect who to do what? - nick, get with the program. toby palmer is the friend of a golfing buddy of the president of the network. - oh, you didn't say all that. - i just did say all that. look, the point is, toby palmer,

ashley: he was democratically elected. since that time, he has gone back on all of his platforms and has not behaved in the correct way. they are saying, based on what happened in 2011, they feel they have the power to get something done. president morsi is saying i was democratically elected. give me a chance. do not forget that egypt is quite a poor country. it is really under the gun in regards to the economy. cheryl: what does the united states do in all of this? ashley: very difficult situation for the u.s. we give their military money every year. most of that goes towards tanks and f-16s fighters. they are one of our key arab allies in the region. is he being pressured by washington to make a move? certainly he has not so far. dennis: tank you for the update. we will keep you updated. ashlee will stay by and help us to cover the breaking news out of egypt. cheryl: dennis blair joins us for a exclusive interview. ♪ dennis: alcoa hitting a new low. >> aluminum giant, the big loser on the dow jones industrial average

dan ashley will be mc'g the event for 19 years in a row. after the walk it is over he will push for the walkers. and 10:30. a. bc7 news entire family practically will be there cheering on walkers, passing out water so you don't want to miss your favorite abc7 personals. >>> thank you, kira. >>> there was a special event yesterday. local lawmaker nancy pelosi was the driving force behind the memorial for aids 20 years ago. she received a honor. she said it was the work to create it that directly led to the striking down of the defense of marriage act. >> i truly believe that the advocacy, the community-based organizing, the mobilization on the hiv-aids issue was a strong factor in changing people's attitudes toward gender equality in our country. >> pelosi said she's wishing for the day when aids will become a thing of the past. >> two accidents, one of them deadly, within hours of each other on friday is raising fear about the safety of thrill rides. chuck sievertson tells what you happened. >> rosie died riding a 14-story high texas giant

ashley morrison here in new york. thanks, ashley. >>> when we return, an historic day in california. and find out what it feels like to knock the west tennis player out at wimbledon. this is the "cbs morning news." (announcer) bring the adventure to their bowl with a whole world of exciting flavors. friskies. feed the senses. negotiations... and your commute. we have live, team coverage to get you through traffic trouble. sick of bad drivers? how more and more people are getting revenge against peoe who do things like this. and -- on the run... with no where to go -- the latest country to reject edward snowden's requests for asyl. join us for kpix 5 news this morning... beginning at 4:30. good morning. it's tuesday, july,,,, >>> here's a look at today's forecast in some cities around the country. lots of rain. washington, d.c., thunderstorms. atlanta, thunderstorms as well. and st. louis, lots of thunderstorms. denver, afternoon thunderstorms. seattle, mostly sunny. ♪ >>> round two of the battle over abortion rights

. >> i'm dan ashley. our other top story police chief greg sur and several detectives met with workers and business owners at gift center and jewelry mart today. >> they're trying to reassure the community after friday's double shooting there. >> yes. we're live with the story. >> police tell us the suspect barry white was arrested in 2009 for assault with a deadly weapon, now he'll be facing more serious charges of murder but the moat jiff still a big question that police aren't yet willing to talk about. police stickers mark bullet holes found across street from the mart. police say suspect barry white shot at officers. today people working at the mart wore pink ribbons in memory of the two killed here friday. the 35-year-old from san francisco, and 51-year-old liena lynn from daily city. >> good people doing their

dan ashley shows us how to watch abc works. >> this is watch abc. it's a new way for you to watch all of your favorite abc tv shows. >> investigators try to piece together what happened. >> and local programming streamed live almost anywhere. >> whether you are home or out and about, watch abc is there for you. >> you can now enjoy all of your favorite abc shows, sports, and news and weather on your smartphone, tablet or computer live and on demand. >> abc7 is among the first stations in the country to bring you watch abc live stream. with did you never miss a moment of your abc shows or the news you count on. that's because watch abc goes with you wherever you want to be. >> this is good morning america. >> watch good morning america on your way to work. >> live from the kgo broadcast center -- >> or watch breaking news and weather at the ballpark. >> welcome back. >> get dinner ideas. or catch up on general hospital during your lunch break at work. while the rest of the family is watching "modern family" in the living room, you can catch up on oth

ashley: no respect. you know what, home builders building big -- big gains as well. >> reporter: the builders. there was a compilation of labor statistics of the past month from the conference board that came out today showing that things were slightly better. the reactor from headline to headline. liz: blackberry moving to the upside on the heels of a shareholder meeting. calling in a transition and waiting. >> reporter: well, an unbelievable story. beside tank when we learned that the shipments, only 40 percent of the shipments. the ceo talked about the fact that there will have new devices on the blackberry. also some partnerships and alliances. what does that mean? liz: if we do we will get it to our viewers. here we go. 3505. the previous ending high. fifteen years. 3,505. the number to beat. @%ese numbers are still coming. with an 3502. ashley: on the edge. liz: looking pretty good. but as far as the rest of the market, the dow jones industrials seen a gain. we add the russell 2010 and other high,

. >> and i'm dan ashley. the trains are running, but for how long? that's the big question. alan wang is live at the bart station tonight. alan? >> dan and ama, it has been a costly week for everyone. people who had to drive cars have paid more in parking, gas and toll fees. bart employees haven't been paid. and bart says it lost $3.9 million in revenue and the cost of busing people around. the sight of those trains coming in is bringing a lot of relief. they rolled in shortly after 3:00 this afternoon. the first bart train since the strike began on monday. >> i'm happy because i couldn't have done it for more than five days. >> the trains were sparsely populated during the evening rush. there seemed to be a lot of uncertainty. >> have i to admit i was a -- i have to admit that i was a bit nervous because the trains weren't running for a few days. >> describe the feeling.

ashley morrison here in new york with us this morning. ashley, thanks. >>> coming up on the "morning news," more drama for the dreamliner. a japan airlines boeing 787 returns to boston after a new problem. this is the "cbs morning news." pooches and puppies... we are tired of being fed on! we want k9 advantix ii! it not only kills fleas and ticks, k9 advantix ii also repels most ticks before they can attach. the leading brand kills, but doesn't repel. a tick that isn't repelled or killed may attach and make a meal of us. infected ticks can even spread lyme disease. so let's put our paws down in protest! till we all get veterinarian recommended k9 advantix ii! join us at k9advantix.com! so ditch the brown bag for something better. like our bacon ranch quesadillas or big mouth burger bites, served with soup or salad, and fries. starting at just 6 bucks, at chili's. >>> another incident with boeing's beleaguered 787 dreamliner. a japan airlines flight bound for tokyo turned around and landed back at boston's logan airport thursday due to a p

ashley morrison is here in new york with that and more. good morning, ashley. >>> and good morning to you, alexis. well, asian stocks were mostly higher as a softer yen helps a a blue chip exporters. half a percent. and hong kong's hang seng was unchanged. key economic data will drive u.s. markets today. the dow jones industrial average was up almost 20 points on monday's close. the nasdaq gained 7 points. >>> new evidence suggests mixed signs for the nation's economy. the commerce department reported on monday that overall retail spending was up 0.4 of 1% in june from may. consumers bought more cars, trucks clothes and furniture but they cut back everywhere else. the decline in spending might be due to weak job growth and higher social security taxes. >>> airlines and investors remain cough debt in boeing's high tech 787 dreamliner. a fire aboard a parked 787 last friday raised concerns about new problems with the plane's lithium ion batteries. boeing's stock plunged 5% as a result. investigators say the fire may have been caused by an em

. >>> reporter: ashley berry has spent the past two years arguing with sally mae over a student loan bill that wasn't hers. it was a friend's. >> i got a note saying i owed money and i was down as a cosigner. i freaked out and didn't know what to do. >> reporter: she says she never agreed to cosign her girlfriend's $25,000 student loan. she filed a fraud claim. sallie mae denied it because her signature is attached to the loan agreements. >> it was done by efile and a phone interview. >> reporter: that girlfriend is long gone unreachable and an electronic signature is tying ashley down with her debt. >> i have heard of them before. but i have never personally done one. >> a digital signature usually involves like several steps and keys and encryption or xml code that is required to verify that you are who you are. >> reporter: intellectual property attorney with legal resource site nol o.co come says there are many online services providing tools to generate electronic signatures. >> it's a combination of letters, numbers or process. it could even be a voiceprint. >> reporter: and ju

ashley mclean grew up in raleigh and will be a junior at howard university. ashley, there are provisions in this bill in north carolina targeted at college students there making voting life a little more difficult for them. could you explain some of those elements of the bill? >> yes. the bill specifically targets college students, specifically mentioning that college i.d.s will not be a proper form of identification for the 2016 elections. it directly attacks me as a college student and a member of a minority group. >> and brian, is there also a provision in there that college students have to vote where their cars are registered? or just things to make it more difficult for them to actually vote in the residential community of the college where they might be attending. >> yeah. the bill does a number of things. that's one of them. another -- it makes big cuts to early voting. and i know a number of college students and myself have taken advantage of, you know, the one stop early voting, being able to register and vote at the same time. a number of college s

>> exactly. >> ashley morrison here in new york. thanks, shley. >>> well, the coroner has ruled cory monteith died of a lethal doze of heroin and alcohol. the 31-year-old actor was found dead in his hotel in montreal on saturday. he had a history of substance addiction and had checked into a treatment facility in april. >>> straight ahead, your wednesday morning weather. and in sports, enter the sand man. mariano rivera makes his final appearance in the all-star game. we'll have all the highlights. his final appearance in the all-star game. . but with advair, i'm breathing better. so now i can help make this a great block party. ♪ [ male announcer ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a

ashley: where did

dan ashley shows how watch abc works. >> this is watch abc. it's a new way for you to watch all your favorite abc tv shows. >> investigators try to piece together what happened. >> and local ramming streamed live almost anywhere. >> whether you are home or about, watch abc is there for you. >> now enjoy all of your favorite abc showing, sports. >> abc7 news and weather on your smartphone, tablet or computer live or on demand. >> abc7 is among the first stations in the country to bring you the watch abc7 stream. with did you never miss a moment of your abc shows or the news you count on. that's because watch abc goes with you wherever you want to be. >> this is good morning america. >> watch good morning america on your way to work. >> live from the kgo broadcast center. >> or watch breaking news and weather at the ballpark. >> welcome back! >> get dinner ideas or catch up on "general hospital" at your lunch break at work. while the rest of the family is watching "modern family" in the living room you are of, you can catch up with programs like

ashley mcqueen grew up in raleigh and will be a junior at howard university. ashley, there are provisions in this bill in north carolina targeted at college students there making voting life a little more difficult for them. could you explain some of those elements of the bill? >> yes. the bill specifically targets college students, specifically mentioning that college i.d.s will not be a proper form of identification for the 2016 elections. it directly attacks me as a college student and a member of a minority group. >> and brian, is there also a provision in there that college students have to vote where their cars are registered? or just things to make it more difficult for them to actually vote in the residential community of the college where they might be attending. >> yeah. the bill does a number of things. that's one of them. another -- it makes big cuts to early voting. and i know a number of college students and myself have taken advantage of, you know, the one stop early voting, being able to register and vote at the same time. a number of college s