doug bernstein is a bankruptcy lawyer. do you see your focus shifting from the private to the public sector? >> it is certainly possible. my practice is representing banks with troubled credit. i have been busy for several years and the united states. >> you will be busy for a long time. hopefully. >> yes and no. my business thrives on people's misery. >> banks are not people. >> well, but there are business owners wh do suffer. when the banks come calling to collect their money, it is a problem. >> that is where the state [inaudible] what you are saying about contagion, there is a terror going on. the banks are saying, implement austerity policies. if not, we will come after you. when you say that rahm emanuel is laying off tens of thousands of people == >> 2100 from the public schools. >> it is very bad policy because the only way you can create jobs is by putting money into people. >> the problem in the u.s. system is that you can cut and slash in many sectors, but you are not allowed to touch the pension fund. >> that

rocks i think the way word word and crawled bernstein went to being adversarial student defenders of the governments, -- >> i think the way they went to to defendersrial defender of the government, it leads to the point this is complete fantasy given what is to snowden has could be damaging if he released it, if that were his goal, and yet he is safeguarded that very responsibly to make sure only what the public should know is learned and nothing harmful has been released. it was a 36 hour media frenzy on him and me. carl bernstein and others were to look into what was actually said. >> when greenwald, thank you for being here. he first published edward snowden's revelations about the surveillance program and continues to write extensively on the topic. his most recent articles are, "the crux of the nsa story in one phrase: 'collect it all.'" and he also wrote, "email exchange between edward snowden and former gop senator gordon humphrey." when we come back, we will go to south africa as the nation celebrates former president nelson mandela's 95th birth day. stay with us. ♪ [music

>> it was. >> you don't have any other bernsteins working there? >> although, bernstein is like smith in new york city. >> it is. you are looking cool, just the hair is cool. >> the lack of hair. >> you may need a danger name. you look dangerous. you do. let's get a check on markets. all the earnings have been good. >> you have to count them up here. >> they're all good. >> united. continental. under armour. sirius, raytheon. >> intel. >> gm. >> gm beat -- >> the market -- >> gm is at a new high. >> nasdaq has improved big time this morning. >> facebook is helping the nasdaq make that much money. it's not a nasdaq stock. but it still is representative of club technology. >> becky, thanks to the dow the stocks are pressured by the ten year. >> yesterday, they're on the ten year gooeld yields. >> i looked at it a minute ago, it was 260. >> i hate it when it happens, it does look like the silly tail is wagging the dog this morning. japan or a part of the hang seng. >> china has serious issues. india has serious issues. those are supposed to be the gro

joining us tonight is the top prosecutor in baltimore city, greg bernstein, the city state's attorney. mr. bernstein, thank you for being here. >> it's a pleasure to be here. >> we'll get to all that in a minute but to start with the big picture you succeeded the longtime state's attorneys two and a half years ago. what's changed? what's demint office of the state's attorney? >> gosh, jeff, wee don't really have time to i very went, but we've done a number of amazing changes in the organizational structure of the office. probably the two big ones i would mention briefly are our focus on the repeat violent offenders who are responsible for so much of the violent crime in the city. to that end we created a major investigation unit or m.i.u. that focuses on those repeat violent offenders using a kind of strategic investigative techniques that i utilized when i was in the u.s. attorney's office. that's been enormously effective because that's where our focus has to be, on the violent crime. second, we completely reorganized our office into what's called the community prosecution model. my

bernste bernstein. bernstein $50 from where it is now. if something goes wrong and no one decides to buy onyx and in retrospect, it turns out saying no to amgen was a mistake, the stock can get hammered. you've got to ring the register on onyx. if you want to still own it, you can only play with the house's money. there are other bioteches that i like more, that are simply better opportunities. seattle genetics, immunogen for cancer play similar to onyx. selgene and gilead if you want to buy the best of breed. sonny in texas. sonny? >> caller: i'm excited that you're taking my call. i'm calling regarding alexon, alxn. i bought it at 112. it's been up and down since. i'm trying to decide between staying strong and going for greener pastures. what's the best way to play this? >> we like this one. autoimmune and cardiovascular. a lot of people think it's too big to be taken over because it's almost $20 billion. i think it's a great company and you should own it. let's go to louisiana. justin in louisiana. justin? >> caller: jim, a big boo-ya

the most bullish estimate, bernstein. $50 from where it is now. if something goes wrong and no one decides to buy onyx and in retrospect, it turns out saying no to amgen was a mistake, the stock can get hammered. you've got to ring the register on onyx. if you want to still own it, you can only play with the house's money. there are other biotechs that i like more, that are simply better opportunities. seattle genetics, immunogen for speculative anticancer play similar to onyx. celgene and gilead if you want to buy the best of breed. sonny in texas. sonny? >> caller: i'm excited that you're taking my call. i'm calling regarding alexion, alxn. i bought it at 112. it's been up and down since. i'm trying to decide between staying strong or going for greener pastures. what's the best way to play this? >> we like this one. autoimmune and cardiovascular. a lot of people think it's too big to be taken over because it's almost $20 billion. i think it's a great company and you should own it. let's go to louisiana. justin in louisiana. justin? >> caller: ji

sayythe area &pporth of o'donnell quare has thisspast month.a 11-year-old sttte's ttorney, gregg - bernstein, sspke atttte peeting....saying the teee is pq: there are certain... ss - oq: try him as an adult 3 adultthh suspect apparently posted picture on a viccim's holling a gun... police say he tooo the icture using thh yoo can rack crimiial actiiity in yoor neiggborhood wwth 'spotcrime.'get email alerts when crimeehapppns.log ooto ffx bltimmre dot com and click n spotcrimeein the hht topiis section. the bbllimore idoo - the only - official american idol commetition in maryland! conducc the seaach thiss &psaaurrayat hunttvalley towne centre. auditions beggn at 6 a-m and ffo45 morning news will be theree bringing you thh highlights &phopefuls. ouu day... 3 night trip to boston ann a guaranteed auditiin in producers for their chance o 3 be oo the next seaaso of the show! visit fox and fficial rules. twinkies mmke their rettrn... hoo it's nutritioo and size me behhiddthe-scenes cost of the anddaanunappetiiing way tt ett snail ssime helps your kin... and where you'll ffnd this uniiue treatment.

i love jared bernstein. explain to me what exactly jarred just said. let me put the question back on the table. the question back on table in a 1% economy. >> i love him, too. >> what exactly is president obama's economic growth policy because at the conference today jack lew, the treasury man, sure didn't say it? >> you saw exactly what obama's growth poll. you're going to tax the economy into prosperity. if that doesn't work you'll have government spending people into wealth and if that doesn't work you're going to regulate them into good high-paying productive jobs. that's all just plain silly. obama's got it wrong. jack lew's got it wrong and ben bernanke's got it wrong. got to do just the reverse. got to bring money back into being scarce and bring tax rates down and broaden the base dramatically and you've got to literally get government spending out of way of private spending in this economy and then you'll get the prosperity and only then, but i think the market is starting to see that happening, larry. maybe not this year or next year because

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bernstein. weather first time first alert the heat wave. >> hot and humid. by the way cool movie break away. >> the new most i? >> one of those on netflix. >> that would be a nice, cool change that i'm going to present to you now. look at the color in the sky. sunrise at 5:55. >> the temperatures are going to soar today. 93 by 3:00. by 5:00, 94, forecasting a high of 95 degrees, which would make today so far the hottest in 2013. temperatures will only slowly fall to 89 by 9:00. slim chance we see a shower or storm mainly in the mountains. high pressure starting to dominate here with the moisture off to our south and west now, moving in toward oklahoma and texas. going to see a lot of rain today, going to keep their temperatures in the 70s to near 80. with the center of the high toward ohio, it is going to allow the heat to really build in. mid to upper 90s right through saturday, the way it looks now. this morning we have temperatures in the 60s in a few spots in petersburg. in salisbury, there is some fog there, about a half mile or so. we'll watch that for

. >> i'm meteorologist howard bernstein. >>> one thing should help this eat. the mold spores should finally come down once again. trees grass and weeds are low, but the >>> we have been combing through the day's daily deals and retailer websites to find you deep discounts. here's a deal from living social. you can rent a scooter from these pros, capital scooter rentals. pay $25 for a two hour scooter rental and a helmet for one person. normally this is a $50 value. with the heat wave this week you are going to love this one on offers.com. keep cool with pools under $200. save even more when you opt for free store pick up. this deal expires in five days. >>> and best buy.com has a back to school sale. get a compact virtual steel ridge rate tore for $209. -- refrigerator for 20 -- for $209. >>> one of the most established neighborhoods in the district is not immune to the issue of homelessness. but the area is also home to miriam's kitchen. in today's hero central, i'm saluting their efforts to end long-term homelessness one meal at a time. >> the biggest thing

former republican governor of michigan, john engler and jared bernstein. i think hearing from kevin orr, he isn't shuf if all of those 100,000 creditors are going to be paid. governor engler, let meet get your thoughts on that. how complicated this is and this city that means so much to you, what do you think the chances are that detroit will emerge strong? how difficult is this going to be? >> there is a lot of strength that is left in detroit that still there. the investments that dan gilbert has been making. the river front. those are important. there are a number of other companies and investments that are there. i think you have to look at detroit and say what can we be going forward once we have shed this debt and how do we organize ourselves in way there is tremendous value? whether that is a massive enterprise zone concept, some way to look ahead. there's tremendous value still to be found in detroit. but kevyn orr is smart in the way he has approached this because he has looked at public safety. no question without public safety, nobody will be in

here now is jack bernstein, former chief economist to vice president biden and grover norquist, president of americans for tax reform. i begin with you, grover norquist. what do you expect the president to say? >> the president is going to say we should have the government spend more money on many different things and we should raise taxes to pay for it. and he will explain that this is pro growth. it is what he's done for the last five years. >> jared, do you agree with that? >> no, unsurprisingly i don't. i think what the president is going to say is that while this economy has been growing, that growth has done an end run around the middle class and it's his job to think of a policy framework to reconnect middle class prosperity and economic growth. >> look, you've had a pick up in jobs growth but unfortunately gdp has fallen below 2%. jobs have done better. turns out most of them this year have been part-time jobs, not full-time jobs. it also turns out the median earnings for the middle class adjusted for inflation are down 4% since the recession ended. so when is the president going

bernstein is going to start it off with a green day. >> it's still kind of muggy. we are looking at showers and storms in pennsylvania and just slipping into western maryland. for us the isolated to scattered storm this afternoon is what we'll be worried about, kind of like yesterday but a quiet morning. we don't have the wet streets like yesterday so beverly said it's better than yesterday. i agree with her. 84 by noon. we'll get sunny breaks. then thank the threat for the passing shower or storm. high of 88. back to 87 at 5:00. south winds at 10. your outdoor plans, you want to get them in, get the outdoor run in, probably better early than late because. the temperatures. here's the moisture we're watching in ohio, pennsylvania, west virginia. it's moving southeast. some of this is not even reaching the ground. some is. some lighter sprinkles may be

we'll begin with first alert and howard bernstein. >>> very warm morning out there with a couple of showers possible. then we'll worry about the threat for some storms later today. still green. not a yellow alert. depending how things are developing, we may be upgrading that by noon today. washington monument, i like the lights. kind of cool. we'll be going into the mid- 80s. we'll be in the 8030--- 80- degree range pretty quickly. storms this afternoon could put down torrential downpours. there's a lot of moisture in the atmosphere. we'll see if we get the big kicker or little kicker heading our way. storms in ohio and pennsylvania as well. we'll take you over toward the ones that are close, western maryland, west of cumberland, frostburg, light showers. heavier showers are south of romney into west virginia. actually in the moorefield area. this is moving to the east headed toward the shenandoah valley. perhaps we'll see a little rain there but this stuff has been weakening as it moves toward the east and southeast. 75 still in leesburg and winchester and gaithersburg this morning with fr

joining me now is jared bernstein, former chief economist for vice president biden. jared, thanks for being here. >> my pleasure. >> so 79% of americans face economic insecurity at some point in their lives. but republicans don't think we should do anything to address it? >> right. i mean, if you think of kind of the way we often set this up talking about the top 1% and the bottom 99. this is telling you that 80% of people face some kind of difficulty in the economy that has got to be very familiar to anyone within the sound of my voice, whether we're talking about unemployment, underemployment. we also talk about the unemployment rate, 7.6%. the underemployment rate is over 14%, and that includes 8 million people who are called involuntary part timers. they can't find the hours of work they need. and of course that hurts their family budgets. >> now given that context, the president addressed in his interview focusing on expanding opportunity and equality. listen to this and tell me your response. >> america has always worked better when everybody has a chance to su

howard bernstein is here with his pink tie. >> we do this for buddy check 9 day. >> you're going to tell us about hot, hazy day. a green day? >> yesterday we had a few showers here and there. likely to see something like that again today. don't think it warrants the yellow. there it is, the washington monument all lit up like a beacon here in washington. it is kind of a neat structure. i don't think they'll leave the scaffolding up. don't get used to it. be like that for a while but it's not permanent. temperatures will climb into the upper 80s, potentially 90 if you get enough sunshine with a chance for an afternoon storm here or there. this morning we're starting out with clouds. isolated shower possible well north and west of us. watching this clump of showers and storms in ohio and pennsylvania move in toward western maryland now. i expect it to lose a little bit of its punch as it comes across the mountains. looks like lighter showers toward cumberland with the heavier stuff toward garrett county where they're down to 63. oakland 76. 75 annapolis. 73 leesburg and still 77 here going

seeing any charges against her i think that's a good question and quite frankly i think from day one for bernstein champ who is the oh and right level have really gotten in explicable path. i believe they were all paid by louis freeh who is the trustee for the chapter eleven eleven and three cited. privilege and. general already we're investigating some documents on their behalf even though these these two players were right in the middle of this whole. fraud and. high level executives let's talk about them basically because of the bankruptcy structure maybe you can talk about this a little the foxes were allowed to rule the hen house in those early days i mean can you talk about the problems with chapter eleven versus seven. sure chapter eleven is known as a reorganization type of bankruptcy where a company is expected to emerge after restructuring its a.m.r. go through chapter eleven with ironically the same judge. as that of all judge glenda new york but they want to chapter eleven to renegotiate contracts with their pilots and their unions are back to holders and then you have a legitimate bus

i think that's a good question and quite frankly i think from day one for bernstein camp. oh and right level have really gotten in explicable path and i believe they were all paid by louis freeh who is the trustee for the chapter eleven eleven and three cited. privilege and so now federal authorities are investigating some documents on their behalf even though these these two players were right in the middle of this whole. fraud. as high level executives let's talk about them basically because of the bankruptcy structure maybe you can talk about this a little the foxes were allowed to rule the hen house in those early days i mean can you talk about the problems with chapter eleven versus seven sure a chapter eleven is known as a reorganization type of bankruptcy where a company is expected to emerge after restructuring that we just saw a.m.r. go through chapter eleven with ironically the same judge. as i'm all judge glenda new york but they want to chapter eleven to renegotiate their contract with their pilots and their union haulers and things like sams there you have a l

surprises. >> sanford or richard bernstein? because they're both about -- you say bernstein, it could be either one. it could be the large firm which takes hundreds of people just to match the opinion of one richard bernstein. >>> we also have a few deals to start this week. the big one from the weekend is the global ad agencies. publicis and omnicom reporting. it's billed as a merger of equals. >> i like that quote. i don't think it can go much lower, to be honest with you. i mean, if it goes any lower -- >> obviously. >> it's down 100%. >> this deal could bring rival accounts such as coke and pepsi under one firm. antitrust review is needed in about 45 countries. the ceos of the two companies pledged to handle concerns from major clients. >> what's good in this operation is that we are both entering into negotiations from a position of strength. there is no one weak partner. and there is no one who has financial difficulties or anything like. so we believe that this will be a great operation for all our people, our clients an

theward and bernstein are of the watergate scandal. as he comes of age, cable news rises up. shouting heads on cable news. twitter,net, blogging, all of this transforms the landscape. --is herbert lee positioned perfectly positioned. he says, i am here. >> he was a liberal turned conservative. he worked for a conservative turned liberal. arehe loudest voices polarizing voices. he could have gone either way. he could have been a raving lefty. what mattered was, "look at me. i'l" he blew a scandal out of proportion. he got the media to pay attention. he said, your refusal to pay attention to me proves your bias. the media would get spooked and cover him. >> how many books have you written? and one play. >> how many copies of gate" sold? do not know about my sales. they are so discouraging that they prevent me from writing in a book. this book is selling well. that is unusual. >> we were talking about jeff earlier, who worked for joe himn, here is a clip of talking about impeachment issues. >> he had gone to the clinton white house before impeachment began. he became a lawyer an

whether he is on the side of jared bernstein, i do not now. but he left the vice president and now runs this project. >>brian: varney and company begins at 9:20. that starts on the fox business network. you'll see the torso shot most anchors are jealous of. thank you very much, stuart. at 18 minutes after the hour, next on our run down, a free school lunch turns deadly. how more than 20 kids wound up dead and dozens more are sickened. >> she was told there is no room at the inn but look at this empty space. the first time i saw a sony 4k tv, it was like opening my eyes. it's four times the detail of hd. colors become richer. details become clearer. which for a filmmaker, changes everything. because now there are no more barriers between the world that i see and the ones i can show you. the sony 4k ultra hd tv. [ herbie ] there's no doubt about it brent, a real gate keeper. here's kevin, the new boyfriend. lamb to the slaughter. that's right brent. mom's baked cookies but he'll be lucky to make it inside. and here's the play. oh dad did not see

order, we have jared bernstein, the senior fellow at the center on budget and policy priorities. from 2009-two thousand 11, he served as the chief economist and advisor to the vice president. executive director of the white house task force on middle class. a member of president obama's economic team. obamato joining the administration, bernstein was the senior economist and director of living standards program at the economic policy institute. washington. robert bixby has been with the concord coalition since 1992 and has served as its executive director since 1999. bob was a member of the bipartisan caucus center for debt reduction task force, urges known as the rivlin-domenici commission. for joining congress, he practiced law and served as the chief staff attorney at the court of appeals in virginia. maya macguineas is the president of the committee -- of the committee for responsible federal budget. she also served alongside bob as a member of the bipartisan policy center's debt reduction task force read -- force. she has worked on wall street and at "the washington post." p

here to help me out, editor of thebump.com, allison bernstein. the eyes are focused, aren't they? >> i can't wait. >> let's go ahead with the questions. >> this lovely lady here from dallas, texas. prince william and prince harry were both born at the st. mary's hospital. where was prince charles born? at. was it at home, at buckingham palace, was it at a birthing center or in a carriage. >> the hospital. >> no, no, no, it's excellent, she gets "scandalous"! >> yes, indeed, she's going to love it. correct answer here, he was born at home in buckingham palace. >> as were all royals up to prince william and harry. they were all born at home. i'm sure home is nicer when it's a palace, right? >> they have all the medical equipment and do the whole bit. >> yes, yes, absolutely. >> back across. >> this lady is from new orleans. how many children does queen elizabeth have? one, two, four, or five? >> four. >> yeah. >> see, let me tell you, new orleans girls know how to holler. that's for sure. four kids. >> she did stiff upper lip four times to make sure there were plenty of heirs in lin

so you can. >>> it's funny, carl bernstein, mechem, they scattered, couldn't find them for the last segment. >> i was happy to do that. i was not invited. >> it was interesting, fascinating. >> i thought you went to tape. >> no, we're good. >> no, talking about sex. >> did you contribute to that? >> i was m.i.a. during first sexual revelation years ago. i was a p.o.w. >> that was during the evolution, as i recall. >> you need to relax so you just sit back. edward snowden still faces an uncertain future. a handful of countries have offered him asylum but he remains marooned in russia. journalist glenn greenwald who broke the story told an argentinean paper over the weekend that if anything should happen to the former nsa contractor, a trove of information is waiting to be leaked, including the blueprint of how the nsa does what it does. greenwald said in part, snowden has enough information to cause harm to the u.s. government in a single minute than any other person hasser had. the u.s. government should be on its knees either day begging that nothing happens to snowden because if something

your weather first, howard bernstein out on the weather terrace this morning. good morning. >> good morning. the humidity is high. we've had a few slight showers generally well north and west of d.c. this morning. so you'll need an umbrella today because not just the showers or potential for some heavy downpours later this morning into the afternoon. here's a look at the forecast and the murky skies. they are mostly cloudy. we certainly have some breaks here in northwest d.c. overhead with a shower or two this morning and then spotty showers and storms for the midday and the afternoon. 85 by 4:00. i think the high will be 87. winds south, southwest at 10 miles an hour. showers and storms in ohio and pennsylvania, much more than down into our neck of the woods but we still have these lighter showers we're watching from just west of 81 there in east and west virginia panhandle. another line of showers is now east of 81 as you get from around berryville or so and south of that in toward front royal. this is moving toward fauquier county with northern fauquier coun

who exactly was responsible, we're not quite certain. >> richard, carl bernstein here. good morning. in terms of the interest of a stable middle east and the role of the muslim brotherhood and whether or not egypt is going to be a theocracy, what is the best outcome that can be hoped for toward that kind of stability? would it be with the muslim brotherhood out and a still democratic installation of a government? is such a thing possible? >> reporter: you're asking the fundamental question about political islam. there are people saying the muslim brotherhood's 80-year experiment with political islam, because it's an old operation mostly operated as a clandestine group operating in the shadows, in its early days responsible for assassinations, attacks, and bombings. now it has risen to power, and for the last year, it has tried to use political islam while in government and so far hasn't been terribly successful. egypt has not been turkey. it has not been a successful economic powerhouse with a moderate islamic government. instead, the muslim brotherhood here has made al

as a toddler, woodward and bernstein are beginning to dig watergate scandal. of age, cable news rises up. cable news, on shouting heads on cable news, the internet, blogging, twitter, this transforms the landscape. and he is sort of perfectly to stride in to this landscape, all of the old "time" magazine, cbs news and say, i am here. to me. er listen >> what does it mean he was a iberal turned conservative, worked for drug and arianna huffing ton a conservative liberal? >> i think what it shows is that the loudest voices and the ones sort of gained the most attention are polarizing -- he and he could have could have gone either way. he could have ended up as a lefty. what mattered was look at me, me.ten to he knew how to get attention. flair from digging up scandal and blowing it out of and proportionip and get media to pay attention to pay g your refusal attention to me proves your bias against my point of view and the say, would get spooked and yes, withe will cover you. >> how long have you worked for new yorker? >> ten years. >> how many books have you wri

. >> david: that last clip was carl bernstein reacting to a statement by the guardian's glen greenwald. the statement read, quote the u.s. government should be on their knees every day praying that nothing happens to snowden because if something happens all information will be revealed, and that would be their worst nightmare. how do you feel about glen greenwald's involvement in this. i think he has done a great public service, what is your take on glen greenwald. >> i would not go as far as hero because he's reporter and he's doing his job. the fact that he's doing his job in this case does not make him a hero. some people will call him a hero just speaks to the condition of reporting and investigative reporting in this country. i know what you're saying, and i'm being knit picky about it. he has done a great job here. yes, there are some things that snowden did which i understand leaves people feeling uncomfortable, and also i should say for myself i just assume that most of these things were going on already. by the way peter king said he might run for president in 2016 and he said

joying me now is former obama administration economist and contributor bernstein and economic's officer and cnbc contributor. ron, i want to start with you. right off the bat here. what kind of tangible effects is president obama hoping to achieve out of these addresses and real liistically what can ho without congress' help? >> list executive orders to allow for some projects to go forward. i don't think given the inability for the immigration reform to go forward, with respect to infrastructure and education, are going get a broad hearing in congress, particularly in the house. so while he sounded out these things before and i don't dit disagree that we need improvements in education, we need a massive overall of the grid, as it's called, as trillion dollar project that should be undertaken. i don't hold out a lot of hope that we'll see progress on this front any time soon. >> so then what happens to the grid? >> well, listen, the grid is being billed out in private sector activity and in being improved slowly. but as a national infrastructure program and i've been talking about this

in the final phase and i do believe like rich bernstein says, we are in the middle innings. we are in this bull market as the fourth and fifth -- >> you can talk about that until the cows come home about where we are with the bull market. but the investors out there believe at some point we are going to go -- we're probably in some type of a bubble. or if we're not in a bubble, they just don't feel like -- they get a fair shake. i think it is what i said before. if you want to look at what do you do, we have been waiting so long for real reform. the high frequency trading issues to get addressed and they never get addressed. why? because there is too much money involved. and the regular investor feels that the game is rigged and controlled by people at the top. >> jeff, i agree with some of those points, but not all of them. i believe for the do-it-yourselfers, they have challenges and issues because they don't want to listen to advisers so they may lack -- >> 20% of those outperform advisers, like one in four. >> that may be true. but there are still advisers out there that

to jared bernstein, you must also come back. to kathy ruckelshaus. and there is more nerdland at the top of the hour. do engo anywhere. stay. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite well. keep your car healthy with the works. $29.95 or less after $10 mail-in rebate at your participating ford dealer. so you gotta take care of yourself? yes you do. you gotta take care of your baby? oh yeah! >>> welcome back. i'm melissa harris-perry. two weeks ago six florida women acquitted george zimmerman of both second-degree murder and manslaughter in the trial for the death of trayvon martin. in the immediate aftermath of the verdict many asked how could this happen? the first inkling of an answer to that question came when juror b37, speaking in shadow, revealed to cnn's anderson cooper that she saw the events of that tragic night in florida from george zimmerman's perspective. >> that you would feel comfortable -- >> i think he was frustr

katherine is a reporter at the "the new york times" and jared be bernstein is also with us. let me start with you in d.c. white house press secretary jay carney on "morning joe" earlier. he was asked how this speech might be different than any other economic speech. this was his answer. >> it will be thematically consistent. he'll make clear that the same problem the middle class is facing in 2005, even before the great recession, where the middle class was being squeezed and seeing its income stagnate, while the top 1% saw its income increase dramatically remains a problem. >> president obama gave a major economic speech in 2005 at the same college, norks college. jared, what is he going to say today that will really grab people by the collar? also who is the audience for this speech? is it washington or is it mainstre mainstream? >> i wouldn't say it's washington. i think it's main street. i think what the president wants and needs to do today is refocus main street and his administration on the economy. i have been following these issues for decades and jay carney is abso

robert woodward and his partner carl bernstein decide to call on his old buddy mark felt for information about watergate. felt says, i can't talk to you on the phone about this. i'm mark felt and i did spike times in world war ii and i know how this works. when the watergate hearings get to a boiling point, nixon says, i never knew about this watergate break-in to discover information about the democrats. after that, he says, i am not a crook. >> but some doubt whether the internet magic translates to tv and question whether the show glorifies binge drinking. saying the humor is probably lost on anyone who has been an alcoholic. saying, quote, there are only occasional laughs to be had. watching a person get willfully drunk can be decidedly unfunny to everyone except him or her. well, i'll admit to have found this very funny over the years. joining me now are the creators of the show, jeremy conner and derek waters. good morning, gentlemen. >> thank you for having us. as funny as we thought our shorts have been, nothing's been as funny as us being right here so thank you for having us. >

as a toddler, woodward and bernstein are beginning to dig up the watergate scandal. but as he comes of age, cable news rises up. talking heads on cable news, shouting heads on cable news, the internet, blogging, twitter, all of this transforms the landscape. and he is sort of perfectly positioned to stride in to this landscape, all of the old "time" magazine, cbs news and say, i am here. you better listen to me. >> what does it mean he was a liberal turned conservative, worked for drug and arianna huffing ton a conservative turned liberal? >> i think what it shows is that the loudest voices and the ones that have sort of gained the most attention are polarizing voices and he could have -- he could have gone either way. he could have ended up as a raving lefty. what mattered was look at me, listen to me. he knew how to get attention. he had a real flair from digging up scandal and blowing it out of its own bound rip and proportion and get media to pay attention by saying your refusal to pay attention to me proves your bias against my point of view and the media would

dana milbank from the "washington post" and jared bernstein, senior fellow at the center on budget and policy priorities. joy, the president has proposed multiple variations. >> yes. >> a grand bargain that included cuts to earned entitlements. a jobs act ta emphasized infrastructure, nothing worked. now he's offering serious cuts in corporate tax rates. surely the republicans can accept this as an idea. >> yeah, i mean, offering republicans tax cuts is supposed to be like offering a chain smoker a gret. they always take it. >> or a drunk a glass of bourbon. >> that might be more apt in this case. republicans they always are having to balance this desire to rebut and refuse anything that comes from the hand of barack obama. whanl is supposed to be their ideology. for years and years, including paul ryan, he they've said lower the corporate tax rate. the president is offering 3 hearse% more than what paul ryan. ryan wanted a 25% corporate tax rate. obama is saying 28. make it very simple for businesses to fill it out, which are all things paul ryan used to want. the problem for republic

street responding, bernstein raising their price targets. also emc higher today as well benefiting from vmware. revenue just better than expected. scott, back to you. >> josh lipton, thanks so much. pete, emc, steve, vmware. >> i like the name, like their involvement with vmware. when you look at the regions they did well in, that's going to flow down toward emc. i think the name goes higher. >> vmware's books were up 20%. people were not expecting that. this thing is down 17% since january. it's trading at 20 times earnings. i think this stock can continue to work. >> zynga is set to report second quarter earnings. this will be first time wall street will hear from the new ceo and his strategy for turning that company around. shares jumping 37% this year but will earnings derail that rally? we debate it brother versus brother style. jon is the bull, pete is the bear. 1:30 on the clock. doc, make your case. >> no long-term debt, pete. that $1.7 billion in cash they have on the balance sheet, that is huge because the stock trades at a market

is the senior fellow at the center on budget and policy priorities and an msnbc contributor, jared bernstein. jared, thank you for joining us. as always, it's great to have you. as a former government official and someone who has worked closely with the vice president, i wonder what you make of the effect of these various cases, whether bradley manning or edward snowden. there is a question as to whether the administration is actually effectively responding and/or whether it's come a little bit too late. >> i think it's come too late. i was kind of moved by what i just heard senator sheldon whitehouse say. yes, this information is coming out but it's coming out because there was a leak. i remember right after the snowden leak you heard a lot of politicians, including administration officials saying this is the debate we want to have. >> right. >> no, no, no. this is not the debate. >> no. no. >> they left the word not out of that sentence. >> but, in fact, it is precisely the debate we need to have. i think what has to happen is that they have to have a lot more faith in the american people

jerry bernstein, cnbc chief washington correspondent john harwood, and democratic congressman from illinois, luis gutierrez. congressman, i'll start with you. a lot of people pleebelieve the incentives for john bainer to put this on the floor are few because if he actually does he will risk losing his speakership. is he willing to risk that to pass immigration reform? >> i think in the end, the speaker understands something very, very different that we're living -- that a majority that's more than 218 members of the house of representatives are ready to vote for xrees hencive immigration reforl, dozens -- dozens of members of his republican caucus want a vote and they want to vote, many of them, because it is the right thing to do. others, because it is politically expedient for them to do it. i rool lyreally don't care how come to the table. the fact is that a majority -- look. boehner is not the kind of -- how would i say it -- ideological guy. right? he sits down, he voted against sensenbrenn sensenbrenner, that mean legislation that criminalized all immigrants. he's not a very ideologic

his friend frederick bernstein was identical to oppenheimer, and on riverside drive. and also german jews from that part of manhattan and those two are the only friends oppenheimer made at harvard, and france as ferguson was already there. wasn't a great time for him socially but it was intellectually tremendously exciting, he took far more courses than he needed to take and far wider variety of courses. he enrolled at harvard as a chemistry student, took courses in french literature, british history, all sorts of things and he became very interested in physics. his first scientific love was chemistry. it really excited him to understand the structure of elements. and he read independently about what was then called quantum physics, of einstein and frank and -- mack plank and the work done on the structure of the nucleus. he read about a new picture of the atom whether positively charged nucleus is surrounded by negatively charged electrons and oppenheimer became excited by developments in physics and was a first-year student at harvard, undergraduate first-year stude

jared bernstein runs this group. he was part of the white house. stuart: vice president biden's chief economist. charles: he certainly had a lot to do with selling it. any sort of left group stepped out of bounds to complain about this stuff, they were beaten down tremendously. if this resonates at all, it will be interesting to see how bad they are beaten down. people have complained before. all people who are extreme left. they go out and say they do not conclude the president is. stuart: you know what they want, they want tax the rest. they never learned the lesson. if you want to raise everybody's boat, you encourage private enterprise. you encourage growth in the entire economy. i will show you wages that really do go up. charles: it is amazing. stuart: they will never learn. charles: all those enlightened thinkers. [ laughter ] stuart: we will stop it right there. charles, thank you very much. dagen, it is yours. dagen: okay. connell and i do not care. we do care about this. harry reid nuclear auction. threatening to try to break republicans

first of all, just in alphabetical order, jared bernstein, is a senior fellow at the center on budget and policy priorities. from 2009 to 2011 he served as the chief economist and economic advisor to the vice president. executive director of the white house task force on the middle class, and a member about president obama's economic team prior to joining the obama administration, bernstein was the senior economist and director of the living standards program at the economic policy institute here in washington. robert bixby has been with the concord coalition since 1992 and has owed as its executive director since 1999. bob was a mem better bipartisan sapp policy center deficit reduction task force which was known as the ref lynn-domenici commission. he practiced law and served as a chief staff attorney as the court in virginia maya mcginnis, committee of responsible federal budget and campaign to fix the debt steering committee. she served alongside bob with the bipartisan policy center debt reduction task ever task force. maya worked at brew kings institution, wall street and "the w

to bell, everyone wanted woodward and bernstein. 40 years later and newspapers are on life support. host: the next call is from springfield on the republican line. caller: good morning. my question goes to the taping program itself. it seemed to be quite extensive. ran theious as to who taping program itself. was this the secret service? was this a separate apartment within the white house? what were the mechanics, especially in light of today with the nsa program, etc.? who was responsible? host: thanks for the call. it is a great question. this was something that did not happen until january of 1971. presumably the president had given it a lot of thought about the mechanics of the thing. the fact is it was operated by secret service. not by caa or other security operatives, precisely because of concerns it might leak. the story is that no more than five people knew of the existence of the system. , at sad, over the years number of people have said they surmised without having proof when they were in the oval office that they were probably being taped. who knows how many people. in

before hitting it reminds me of something that ben bradlee is supposed to have said about woodward and bernstein. he said if you give them enough steel wool they would net a stove. second pivoted to kenneth wang xin's point that we've got exactly what congress asked for, that's true. but after the snowden leaks -- and this establishes the we need to have a wide open debate about this in our society and thankfully we are beginning to have the debate in this meeting is part of it. >> i would like to start by responding to jameel's suggestion that i or others misled in any way about the collection of u.s. person communications. that is wrong. i spent 14 or 15 months with steve and others on capitol hill explaining the intricacies of the procedure that in that up being adopted in in the amendment act. we answered every question on the record and in meetings and forearms like this with privacy groups about the implications of the collection, and it was abundantly clear to everybody. we said numerous times that this would be focusing on the foreign targets overseas collecting their communications that

. >> the bernstein analyst who put the $180 figure on this company, gave a 62 valuation for that drug alone. >> $62 a share. some say as much as $2.5 billion a year. >> that's why you look at $134 where onyx is trading today. you can kind of understand it. there's a lot built into that expectation right now. >> they said no to $120. we'll see what comes from here. the point we've made many times is the multiple on these biotech companies is lower than their peers and good old-fashioned pharma. >> we've been recommending since this drug was discovered. actually before that. that was the kidney cancer drug. this company is teaming with growth. multiple shots on goal. always surprised it wasn't picked off before. >> as what heed into earnings seasons, there are industry sectors like health care that have some of the better growth prospects right now. >> see you in a few. >> thanks. >> thanks for coming by. sfwlirchlg a new quarter means new money-making chances. cramer will show us on his mad dash. that's the slowest since october. we'll see if it means anything for the ism coming up at

joining us now, jared bernstein, at center for budget and policy priorities, and tony fratto of hamilton place strategies, former official in the george w. bush administration. jared, let me start with you and ask you what you think this president, as we head toward the fight over the budget bills that are coming in the congress, the debt limit, what can he accomplish with a speech like that, because when you talk to people at the white house, they say it is only partly to set the table for those things, but also to shape the argument long-term. >> well, you said focus on the economy, there are a lot of people out there who wonder why washington isn't more focused. since the second half of 2009, the economy has been expanding. we're adding a couple hundred thousand jobs per month. the unemployment rate has been coming down. but middle class incomes are stagnant and have been that way for a long time. that predates president obama. he needs to get out there and explain once again his vision for how you reconnect middle class prosperity to a growing economy. it doesn't mean that congress i

it reminds me of something that brennan badly is said to have said about bernstein and woodward. we gotan's point that exactly what congress asked for, that is true. the brouhaha after the edward establishes that we need to have a more wide open debate about this in our society. thankfully we are beginning to have the debate and this meeting is part of it. -- >> thank you i would like to start off with the suggestion that i misled them in any way about the collection of u.s. medications. i spent 14 months with others on capitol hill, explaining the intricacies of the procedure that ended up eating adopted. every conceivable question informs privacy groups about the implications of this collection. it was abundantly clear that we said we would be focusing on foreign targets overseas, collecting communications, whether those communications were overseas or also they happen to come in the united states. the concept of incidental collection is what he is getting at. he will get that person if or she is talking to someone in an overseas country. you will also get that communication if

for well, everyone wanted to be woodward and bernstein. 40 years later and newspapers are on life support. host: the next call is from springfield on the republican line. caller: good morning. my question goes to the taping program itself. it seemed to be quite extensive. i am curious as to who ran the taping program itself. was this the secret service? was this a separate apartment within the white house? what were the mechanics, especially in light of today with the nsa program, etc.? who was responsible? host: thanks for the call. guest: it is a great question. this was something that did not happen until january of 1971. presumably the president had given it a lot of thought about the mechanics of the thing. the fact is it was operated by secret service. not by cia or other security operatives, precisely because of concerns it might leak. the story is that no more than five people knew of the existence of the system. that said, over the years, a number of people have said they surmised without having proof when they were in the oval office that they were probably being taped. who know

ceo of citi global wealth investment management, ceo of citigroup, and chairman and ceo of stanford bernstein beginning the career as a research analyst covering financial services, a role in which she was consistently named first in her field by institutional investor and called "the last honest analyst" by "fortune" magazine. we have the founder and ceo of learn vest launchedded in 2009 to provide tools to help women be more financially savvy. learnvest has since grown to offer financial planning advice to empower people everywhere, men and women, to take control of their personal finances. alexa is selected as young global leaders by the world economic forum featured as one of the coolest young salesperson nears by -- intern euros and named to the young women's learning class of 2011. we are lucky to hear from two women who truly are stars in the girls club. please welcome sally, alexa, and moderator steve clemons, himself a star in the boys club. thank you. [applause] >> how's everybody doing? enjoying the day? it's only just beginning. alexa, come join me. boys club, girls club. you made