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tv   Happening Now  FOX News  August 10, 2011 8:00am-10:00am PDT

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bill: i think the last two hours have been rather interesting. i know we've been flipped back on our heads again. who knows what happens with the rest of the day. alisyn: the closing bell is a long, long away. "happening now" starts right now. jenna: right now it is a bit of a roller coaster ride, everybody, it continues on wall street. we're so glad you are with us, i'm jenna lee. jon: i'm jon scott. a bad start for the dow. we saw big gains yesterday. today another big slide to the downside. the dow down almost 400 points. jenna: what's happening now may not be a definitive indicator of how things may end up. we got a good lesson on that yesterday. take a look at the dow drama that happened 24 hours ago, you had stocks swinging wildly, they started up, then they sung and you had them surging again at
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the close. jon: lori rothlin is with us live and she with explain everything that is going on. >> reporter: i'll do my best. you can blame the vol in two case. heavy volume, a lot of trading. and the volatility. there is a fear index called the vicx. let's go back to the downgrade last friday. that forced investors and everyone from main street to wall street to reassess their outlook on not just the u.s. economy but the global economy. and the fed coming out yesterday and reaffirming saying we are in a global economic slow down. for us in the u.s. it means continued troubles with job creation. something interesting also happened, this is attributable to the wide swings in the stock market in terms of how to interpret this. investors around the globe are flocking into what they perceive
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is the relative security of u.s. government debt. we see u.s. treasury yields coming way down. in fact the ten year, that's the benchmark, that's linked to your consumer loans, specifically mortgages is down to about 2 1/4%, even lower than that. i can check my markets here. things are changing on a dime. so basically interest rates are still low. you can still get a lot of cheap credit, and so that has the market saying, hey, that is still accessible despite the economic slow down, so how do we make sense of it all? we get the big gains yesterday. people still aren't super, super confident. you can blame a lot of that of course on washington, so they are selling off again today. there were concerns out of europe, there was sum blink this morning that france may be the subject of a downgrade, but fitch came out and said it's stable. there is so much going on, investors have so much to digest, it's a matter of which
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news headline you pick up at any time of the day. we are expecting another rocky day. jon: for people who don't have any money in the stock market all the volume ta little is not good for the job situation. companies if they are seeing so much fluctuation will not do a lot of hiring. >> reporter: that's been the big theme as well, right. the uncertainty. companies have a ton of cash. corporate balance sheets are quite healthy. companies are holding onto that. we are in a heavy regulation cycle. banks are among the leading laggers in today's session. they are struggling under the increased cost expecting for the regulations and the input costs there. we know that consumer savings accounts aren't getting paid, the interest by the banks that they would expect, banks can't afford it because they have to offset, they are not getting the loan revenue that they used to have, that used to be the normal. so, you know, all of these pressures, and concerns, and bottom line uncertainty and lack of confidence among u.s. business is forcing them to hold
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back hiring. jon: uncertainty is never a good thing. thank you. jenna: another one of our big stories today, the taliban fighters behind the downing of a u.s. helicopter in afghanistan are dead. that's according to the top u.s. commander there. they were killed by nato forces a few days ago. this follows the incident that is now the single deadliest lost in our decade-long war. 30 american service members killed, 22 of them navy seals. some of which you see on your screen right now. conor powell is streaming live from kabul now. >> reporter: general john allen the top commander here in afghanistan said today in a press conference that the man that the u.s. military believes was responsible for bringing down the chinook helicopter on saturday morning was killed in a precision air strike over the weekend by f16 fighter jets. general allen also did say that while he was killed he was not the intended target of the raid,
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and that the actual individual who the rangers and seals were going after that saturday morning did get away, and that general allen says he's not going to say who the individual is, for obvious reasons. they are still trying to find him and locate him and either arrest him or kill him. general allen also said that while this investigation is still ongoing they do believe it was an rpg that brought down the helicopter, although there was some signals that also small arms may have been involved in bringing down the chinook helicopter as well. it's all part of what the military is looking into right now. he did say this is a singular event, and it was essentially a lucky shot. he doesn't think this is a game changer. there doesn't appear to be a new technology on the battlefield. he things this was a singular attempt with an rpg and essentially the taliban got off a very lucky shot,. jenna: these type of missions are happening all the time, hundreds of them, and when you mentioned the quote, unquote,
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lucky shot, and it feels weird to call it that, is there any broader significance of this story as far as the transition, when we look at our transition out of afghanistan and putting some of that responsibility on the afghan forces? is there any broader significance? >> reporter: well, general allen did say that this mission that went so wrong with the helicopter crashing was one of many missions that night, and he said every single night there are literally dozens, if not hundreds of pheugs across afghanistan in which u.s. troops and afghan troops are going after taliban insurgents. he says that will continue, nothing is going to change here. looking as we project out into 2014 and even further out special forces raids will play a significant part of the future of afghanistan, particularly as conventional forces begin to drawdown and they begin to leave afghanistan. there will be a heavy emphasis on night raids by special forces with a joint afghan coalition sort of partnership going
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forward, jenna. jenna: conor powell live in kabul. thank you. jon: the people of which is r-r have spoken for now. they are keeping the the republicans in power. the results follow the dramatic scenes we saw in the state capital in madison last winter. that's when republican governor scott walker pushed and succeeded in stripping state unions of most of their collective bargaining rights. both sides claiming victory with this latest outcome. peter doosy is streaming live from mad san. both sides, peter? >> reporter: that's right, jon, democrats needed to win three seats out of a possible six to become the new majority party in madison. tke did not do that. they won only sue. republicans maintain their
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seats. governor scott walkers' collective bargaining law which caused all the massive protests here a few months ago is going to stand. on paper it looks like a very disappointing day for the democrats, but one democratic state senator told our local fox affiliate that despite everything the recall effort was still report it and democrats also saying today that despite everything that did not happen for them yesterday they are still going to try in november 2012 to recall republican governor scott walker. walker is saying that he thinks really the victories, the gop victories in all the recalls yesterday, except for two, the -- the republicans kept four seats, lost two. he thinks overwhelmingly voters chose to reaffirm the republican agenda. he said last november the voters send a message that they wanted fiscal responsibility and a focus on jobs and our first months in office we balanced a $3.6 billion deficit and our state created 39,000 new jobs. it's clear the voters also want us to work together to grow jobs
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and improve our state. jon, it's interesting, republicans lost two seats yesterday. right now they have a 17-16 majority in the state senate over democrats. next tuesday two democrat are particular senators are up for recall. if republicans can pick up both those seats then their majority is going to be right back where it was yesterday. but any way you cut it the republicans still have at least a one seat majority going into the fall session, jon johnston and the math breaks in their favor. peter doosey, changs. jenna: what did the wisconsin results tell us about what is ahead for the 2012 elections. karl rove is a former senior adviser and former chief of staff to george w bush. good to see you. >> reporter: good to see you. jenna: interesting to see how governor walker frames what happens in the elections. i'd like to share a couple of headlines with you, this one from "the new york times." republicans hold onto wisconsin. the associated presents, the gop hold off the democrats. is this really a victory for the republican agenda, karl, in
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wisconsin or is this just the republicans holding on? >> reporter: absolutely a victory. if you look underneath the surface of it, take a look at the two seats which the republicans lost, the 18th which is in southwest wisconsin, state senator -- excuse me, the 18th is in fondale up in the northeast part of the state. the republicans lost the seat by 749 votes because the republican during the course of the campaign came out that he was accused of having had an affair with a young staff arrest. he was a married man, he was accused of having an a fair with a young married staffer. that became the dominant issue and yet the republicans almost held onto the seat despite that by 749 votes. the other republican loss was in southwestern wisconsin, state senator dan kepecke lost in a democratic seat that barack obama carried. the democrats lost seats.
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in the 8th district in the north milwaukee suburbs, alberta dar hreulg one where barack obama carried by four points. she held out, democrats by 8. it looks good at the surface and even better when you look at the details of where the republicans won and lost. jenna: it's interesting to look at the issues that most of us don't have insight on. some are pointing to the state to see what is going to happen in 2012. we are far away from november 2012. how do you handicap that? >> reporter: it does give some indications. in wisconsin it took a local issue to energize the democratic base. if i were a democrat i'd worry about the ability to duplicate the angst. how can you do that in florida, colorado, new mexico, virginia. democrats have to say can we duplicate that elsewhere.
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it will be hard for them to do so. whatever the democrats did on intensity. if you're against something you're always more intense, the republicans were able to more than offset it in four of these six races. as i say, local conditions in one -- look, if the republican candidate in the 18th had not been accused of having had an affair with a young staffer outside his marriage, my suspicion is that he would have won comfortably and not lost by 749 votes. so if i were a democrat i'd like at this and say, we've depended upon the unions and young vote, and they turned out, and why is it that the republicans were able to virtually offset that, and take seats that barack obama held four years ago. jenna: gulf coast forward to having you on again carl. jon: fiery riots are spreading in england. the britt i be prime minister
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says a fight back is underway. what is driving the violence, and what will be done to stop it. a live report from london coming up. jenna: major developments in the search for these three siblings accused of a violent crime spree. where investigators are focusing their search for the dangerous fugitives and why. >> these individuals are considered armed, dangerous, and we believe they pose a very imminent threat to the community we serve and law enforcement in general. jon: mark your calendars, thursday night is the big one. rick folbaum is at the desk with all the information. >> reporter: it's the republican debate on fox news channel. our friend bret baier with all of the action, again beginning at 9:00 eastern time. this debate is cosponsored by fox news channel, by the washington examiner, and by the iowa state republican party. you can watch it on fox news channel and chat with me live at fox
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i'll be hosting a live discussion during the debate. so you can watch it and chat with me, a lot for you to do, and we'll have more of "happening now" after a quick break. well we tried the whole pinkhing. nope. all she wants to wear is hoodies. hoodies and cargo shorts. getting dirty. then she left some crayons in her pocket and they went through the wash. i thought all r clothes were ruined. enter ti and tide booster. the stains are gone. it's kind of too bad. [ laughs ] another car garage honey? it's beautif. that's my tide. what'srs? [ female announcer ] find the tide that's right for you at
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bank and add automatic weapons. authorities say they may have been spotted halfway across the country in colorado. on the phone is brian childress, commander of the investigation services alternate the valdosta police department. your organization is taking the lead on this investigation, is that right, sir? >> that's correct. we are working with the f.b.i. on it. jon: why colorado? do you have a pretty good sighting of them there? >> we've received information, the f.b.i. has, that they may be in colorado. i also got to mention to you that just last night that we received 15 tips and so we've got a lot of information that they may be in florida, they may be in kentucky, west virginia, so on. we did receive some information about colorado also. jon: i know you want citizens to be extremely careful, because these folks appear to be trigger happy and they've got plenty of guns on them, high-powered guns at that.
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do you know anything about the vehicle that they might be in. >> we are looking for that subaru, that was initially spotted at the bank here. jon: no signs that they ditched the car or carjacked somebody else's car. >> not at this point. the information we received so far is that they are still in that vehicle. >> do they have any ties to colorado? is there any reason that you think they might actually have gone that far west. >> you know, i don't know that yet. i know that speaking with the f.b.i. yesterday and talking with detective scotty johns this morning who is the lead detective on the case that we've not determined that yet. we are still working on that. jon: what do you know about the psychological make up of these three? the sister's postings on the internet makes it sound like she fancies herself to be a modern-day bonnie, of bonnie and clyde. >> i've heard a lot about their
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history, specifically their criminal history. i don't know a whole lot about their psychological make up. i will tell you this. i think it's important we note this. and this goes to all three of them. at this point i think it's important for us to note they've not hurt anybody. we are not condoning the fact they shot at a police officer and robbed a bank, but this is not a murder investigation. these three folks have a lot to live for. my time in law enforcement, i've seen people commit similar crimes, and, yes, after they face justice, then there is obviously a penalty for what they've done, but they are young folks and they have a lot to live for. jon: and if they get surrounded by law enforcement, and i'll tell you what, if they are spotted, there is going to be, i mean, a brigade of law enforcement coming down on them, it could end very badly for them. >> i've got to tell you that my conversations with pascoe county, with the f.b.i., certainly with our folks and the
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atft nobody wants that. certainly because of what they've done previously in pascoe county and at the bank they have demonstrated a potential for violence but nobody wants that. we just want them -- they have a lot to live for, we want them -- all they've got to do is pick up the phone, dial 911 and tell law enforcement where they are at, tell law enforcement they want to surrender and nobody will hurt them. jon: good advice. we wish you well as the search for the three goes on. >> thanks and have a good morning. jenna: fox news alert new members for the so-called super congress. this committee put together to tackle our deficit issues. now we have some republicans from the house speaker just named and they are on your screen right now. these are the three republicans being named to this committee from the house. jeb henserling, and fred upton.
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he's also from michigan. those are the three headed from the house to join the super congress. we heard from the majority leader harry reid last night, his picks, senator murray, senator baucus and senator kerry. we have six of the 12. we expect to get the names any time now. this commit lee will be a looking a lot at, the markets. the markets rallied 429 points yesterday. jon: and there goes 418 of them. jenna: there you go. listen to this. we are going to talk to an investor next who says he hasn't seen a market like this in 50 years. we have insights from across the pond, neil cavuto will join us in a little bit, we'll have more news after the break.
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more picks for the so-called super committee to tackle our nation's debt. we have new names that we got during commercial break from the senate minority leader, senator mcconnell. he's naming senator kyle of arizona, pat toomey. the democrats from the house have yet to be named. and also senator portman. we will look at the personalities making up this group as we look ahead at what is next for our count throw and economy. jon: tough talk right now from britain's prime minister david cameron as he promises to do whatever is necessary to restore order to the streets of his nation, saying, quote, nothing is off the table. this. as violence rips that country for the fourth night. thousands of police officers are flooding london, even
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threatening to use water cannons on the rioters but the looting rages on in at least two cities. amy kellogg is live in london for us now. >> reporter: there was very bad rioting and violence overnight in cities such as manchester, birmingham and nottingham. here in london, actually the police had things under control. all of that say it was early quiet, deserted, it felt like a war zone which is unsettling in its own right. part of the difference was of course the fact that police were flooded with police officers, 16,000 around london. also people, residents are taking back the streets themselves. this isn't really vigilante is eupl. it's people coming out in force. we are here at a sheik temple and these guys were out in the hundreds last night protecting their place of worship. they were joined by other members of the community. it was a sort of -- it was a
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show of cross community support and other people of different faiths were outside in front of their own houses of worship as well. down in enfield which was a suburb really hit tuesday night, there were groups of people moving around, they weren't critical of the police, but they said it was obvious that the police couldn't keep up, and they were tired of their kids being scared in their own homes. the rioting taking place in the united kingdom for a fourth straight night. and it was really bad in parts of the united kingdom. businesses were torched, a police station fire bombed, and prime minister david cameron spock out quite strongly today. here is what he had to say. >> it is all too clear that we have a big problem with gangs in our country. for too long there's been a lack of focus on the complete lack of respect shown by these groups of thugs. i'm clear that they are in no way representative of the vast
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majority of young people in our country who disspies them frankly as much as the rest of them do. but there are pockets of our society that are not just broken, but, frankly, sick. >> reporter: now, of course, jon, people have been using social networking sites, facebook, twitter, et cetera to organize a lot of these riots, they have not been spontaneous. the good side of the social networking is people are organizing massive cleanup. taking back the streets in another way. the cost of this all is really staggering. till now it's about $120 million in lost business, it's about 90 million in damages, and stolen items, and also it's the fact that a lot of people are simply not insured, it's going to cause the taxpayer a lot of money, back to you. jon: and it doesn't seem to really be about anything, just people making trouble i guess. amy kellogg, live in london for
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us, thank you. jenna: let's talk a little bit more about that. some say the economy is giving a backdrop to this. as jon mentioned it does seem aimless at times. we want to talk about the economy and the markets as well with david buick. he spent quite a few years watching these markets, if i can say that. >> don't be embarrassed, jenna, 49, don't be embarrassed. it is shocking that i am still around, there you are. jenna: we are glad you are. i've had the pleasure of talking to you about the markets for several years. i've read a lot of your work that talks about social commentary, political commentary. i'd like your quick thoughts on what is happening in london there. "the washington post" says this was blind, apolitical and selfish rioting, would you agree with that? >> absolutely, it's just mindless thuggary. they are frankly scum. it is not representative of the u.k. but it has shocked everybody living in this country to the core. and i think we know why it's happened. the fact remains that over a
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period of maybe 50 or 60 years the ability in schools to discipline children has been eroded to nothing. and as you know -- you're probably too young, jenna, certainly jon will know, he's a father. jon: i remind him all the time that he knows a lot more than i do because of that. jon: i don't think so. jenna: if you don't discipline your children by the age of six it's all over. the fact is we've had social dysfunction in the united kingdom. we have those who have more, have more and those who have less have even less. there is a massive resentment between quite a few of people, but this is no excuse for mindless thuggary. the fact is because they are not going to get disciplined in school. they certainly aren't going to get disciplined at home. they come from homes where their parents don't do any work or they are one-parent families,
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this is hugely embarrassing and i'm hopeful we will have seen the last of it in three or four days time. nobody could have expected what weave heard now. the fact is they have come out quite tough and police are doing a cracking job in what is very difficult circumstances. jenna: some are blaming europe, some say that's why we are down so much. i have to take a quick commercial break and then we'll come back and talk about the market. >> absolutely.
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>> fox news alert for you, we wanted to bring you polling numbers from reuters, americans by a large majority believe the u.s. is on the wrong track, and nearly half think that the worst is yet to come. u.s. president barack obama's approval rating dropping from 45 -- to 45 percent from 49 percent a month ago, according to the poll. this is a poll that was conducted last thursday in the -- into monday and this
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poll also found that 73 percent of americans say the u.s. is on the wrong track, only 21 percent of you say the country is headed in the right direction, and this is the highest figure measured since they began asking this question a number of years ago. what do you think? go to the chat. we're going to be reading some of your comments about whether america is going in the wrong or the right direction. we'll have that coming up later on "happening now". jenna: interesting numbers there. let's go back to the markets now. the markets are trading lower by more than 400 points, after finishing higher by 400 points yesterday, partner at bcb partners, you say in your 49 years of being a market watcher, you've never seen volatility like you've seen this week. what is making this so different? >> the reason i think it's different, jenna, a, we're talking about much larger amounts than in perhaps 1987 and 2003, 2008 they were, of course, gargantuan but the
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problem is what we're facing now is i can never remember a time of 40 years in interested in politics where the world was completely de void of figureheads that we look up to, respect, why? because they don't seem to be capable of making decisions. your own president who is wonderfully car iz matig, in the same mode, whether it be john f. kennedy, ronald reagan, bill clinton, but he doesn't want to be seem to be making decisions and he's conveying the presence that he's financially illiterate and it's very well taking everyone to the brink, with this debt ceiling, and there's no good blaming republicans for whap. he's the guy in charge. jenna: it's interesting you had that opinion. hank paulsen, treasury secretary under george w. bush said this week that really it's not about leadership, it's really about europe and about europe not having the
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financial houses in order when you look at places like italy, for example. how much of a role does that play? >> jenna, hank paulsen has a tremendous track record at goldman and the government but i have to take issue. purely and simply, it wouldn't have have happened if we had leadership in europe and we don't have it. we run around like headless chickens, trying to finger up or thumb up the dam and until they focus with a united approach with what has to happen with europe and that each country is responsible for its own decifit and for getting his own austerity measures put in, not being forced to do it, but they have to do it, and until europe says we are completely united on this and we will police and that we will stand four square behind each other, this is the same problem that you have in the united states. you have to agree, something, apart from no interest rate cuts for two years. you're going to have to come back to the table with
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$4 trillion worth of cuts. like it or no. you cannot let your borrowing requirement get out of hand. and your ratio to gdp to debt is just getting ridiculous. as many of the european countries are. i feel absolutely passionate about this, for the simple reason that i believe excessive debt could lead to the demise of democracy. i think it's that bad. jenna: we'd like to talk to you more about that. we're going to have to save that for another time but that sounds like a topic a lot of our viewers would like to talk to you about as well, david, thank you very much, look forward to having you back on again. it looks like we might have news about who might step forward. jon: our chairman of the joint chiefs agrees with him, says our debt is a huge national security issue. in the meantime congress has appointed a committee to try to tackle that debt. we now know nine members of that committee. we'll have the name of those nine for you, straight ahead. is your representative or senator on the list? plus, a boy, yanked
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under water by a roaring rip tied -- riptide for 20 minutes and survives. the incredible pictures and one amazing rescue tale toknow e tell, next.
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jenna: the next step in reducing our nation's debt, getting underway, one of the steps that, is, nine of the 12 lawmakers who will make up the decifit reduction, so-called supercommittee, have now been named, not all of them, but as we mentioned, nine to 12. mike emanuel is live in washington with more on this mike. >> reporter: jenna, good morning. very interesting pick, some names that we thought might be on there, not on there, including congressman paul ryan, a lot of people thought he would be named from the house republicans but let's look at some of the folks making up this supercommittee, in the house republican side, you have jeb hensarling, conference chairman, house ways and means committee damp kampp from michigan, fred upton
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from michigan, and speaker boehner has named hensarling a key member of his leadership team to be the co-chair of this supercommittee. in terms of senate republicans, you have john kyl from -- jon kyl from arizona, many consider him an obvious pick, he is the republican whip in the united states senate, pat toomey from pennsylvania, a small businessman, also served in the house of representatives, a fiscal hawk, also named to the committee, then you have senator rob portman from ohio, he has an interesting background because he served as the head of the office of management and budget under president george w. bush, so he has not only legislative experience, but he's done the budget from the administration side of things. and then the senate democrats who we learned about yesterday, a combined 77 years of -- # seven years in the u.s. senate, baucus, murray, and kerry, senator patty murray from the state of washington will be the
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co-chair, with jeb hensarling the house republicans of the supercommittee. all we wait for is minority leader nancy pelosi from the house to make her three selections. we expectst to be soon. the deadline is next tuesday. there you have, nine of 12 with the very serious job of coming up with between $1.2 trillion, and $1.5 trillion in cuts by thanksgiving. jenna: we'll see if they can do it. jon is going to be talking about this. it will be interesting to see if the gang of six had any presence and jon will be speaking about this. they don't get any cakes or special like leather jackets for being part of the supercommittee, do they? no bonuses like that? >> it's interesting, because reward in terms of being picked for the supercommittee, but you're also going to face a lot of pressure, a lot of members of your party, a lot of outside groups will be pressing you to act a certain way, and with six republicans, six democrats, it could be gridlock if everybody stays in their respective corners. we'll see if they can find
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common ground. jenna: we shall be. sounds like a party. thank you very much. we will -- we look forward to hearing of the next three. jon: mike told us the supercommittee includes 12 lawmakers. here are the basics of what those 12 are being asked to accomplish. they'll work to find $1.2 trillion in decifit reduction over the next ten years. the deadline for recommendations is november november 23rd, and congress has a december 23rd deadline to act on those recommendations, if not, if it doesn't make some kind of a vote, there will be an automatic $1.2 trillion in cuts. let's talk about all this with bob cusack, managing editor of the hill. so 12 of them, they have to come up with $1.2 trillion in cuts, and if i'm doing my math right and i i don't with all the zeros involved, that's $100 billion for each of the committee, right? >> it should be easy, right? it's going to be a challenge, especially because a lot of these members on the
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supercommittee are party loyalists so they're not deal makers. now, there are a couple. max baucus agreed to the bush tax cuts in 2000 -- >> jon onand got pillaried. >> he also went along with a drug care medicare benefit in 2003 and rob portman is widely respected on capitol hill. the interesting thing, john boehner did not pick any freshman, none of the 87 republican freshmen of this new class were picked, but senator mitch mcconnell picked two freshmen who have served in the house, but that's an interesting dynamic. how this goes down, it's going to be very intense, the press coverage is going to be massive, and how these members are able to deal with it is going to be very interesting to see over the next months. jon: the jockeying is kind of interesting. i spoke with one well-known member of congress who said he wasn't interested in being on this committee at all. i mean, some of them really wanted to be there, maybe
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for the headlines, maybe for what they thelt they could accomplish and some wanted to stay miles away. >> there are some committee chairman, max baucus, david kampp, this is their jurisdiction, they have jurisdiction over medicare, medicaid, social security, and there's speculation that a lot of members said no thank you, too much pressure, i'd rather not do it and maybe the leaders had to go to not their first picks but second choices. >> kind of interesting, senator dick durbin of illinois gets passed over in a very public way, doesn't he? >> yeah, i was surprised that dick durbin or senator schumer was not selected. you don't have a liberal fire brand that was selected. senator john kerry was criticized in 2004 in his presidential run for not having huge legislative accomplishment. this could be kerr -- kerry's moment to shine, but i was surprised you didn't see a vocal person on see that you see a lot from the left. reid liked this idea, he
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wanted the supercommittee, he wants to get a deal done and his picks suggest that he wants a compromise. jon: we'll see what happens. hard to believe anything will get done in this congress but we'll see. thanks. jenna: we continue to watch this happening on wall street you see the dow down 423 points. that's the level so far. rick, you've been hearing what folks have to say out there, and what's happening on wall street. >> reporter: we asked folks in the chat room whether we think the country is going in the right direction or bad direction, gwen said with over 9 percent unemployment how could anybody think we're in the right direction? >> gregory says our leader is absent and our congress has run amock and chris bornsted said we're going in the wrong direction and whoever can figure out how to right that ship should be elected. thank you for participating. we'll have more of "happening now", including an amazing rescue story that folks are calling a miracle,
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when we come right back. ñwkó
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jenna: right now, there is no doubt at all that the rising cost of programs like medicare and social security contribute to america's exploding debt, but serious questions linger whether the president can convince some in his own party to take on entitlement reform. this also has serious questions as to whether or not the american public supports that. the spresh greater than ever in order to avoid a potential downgrade to the credit rating and that's what we're looking at today. jim angle has the latest from washington. >> hello jenna. this is fascinating and it picks up where you left off with david bu ache few moments ago. president obama has conceded there's an urgent need to do something that he acknowledges most democrats
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are dead set against, reforming entitlements such as medicare. listen: >> what i tried to explain is number one, if you look at the numbers, and medicare in particular will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean, it's not an option for us to just sit by and do nothing. >> government has a tendency to overpromise, and underfund. and the fact of the matter is, if you have an unfunded promise, it's a false promise. >> reporter: and entitlement of promises are underfunded by stunning amounts. just medicare and social security have promised $46 trillion more in benefits than can be paid for, meaning you can only cover them if you had $46 trillion in the bank now, earning interest. in spite of that, democrats remain steadfastly opposed to any changes in any of the programs and house democratic leader nancy pelosi boasted that
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democrats had blocked such reforms in the decifit talks. listen: >> we did protect the benefits, the social security, medicare, medicaid benefits. that is a priority for us. >> by all means, there should be no cuts in medicare and social security and medicaid in this process. >> but analysts say that will not work. listen: >> we're not going to fix this problem without fixing entitlements. social security, medicare, medicaid, they are at the center of our fiscal challenges. >> reporter: now, economists and market analysts as you know, jenna, have made clear that entitlement costs are a time bomb for the federal debt and financial markets because until the entitlements are addressed the prospect of future credit downgrades and further stock market gyrations will be a constant threat. jenna. jenna: overpromised, underfunded. that's nice. i'm going to use that later on, jim! thank you very much. jim angle. jon: we are getting some
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dramatic information about a water rescue some are calling a miracle. rick has the story, and these incredible pictures to go with it. rick. >> reporter: jon, this is unbelievable. not a lot of people thought this story would have a happy ending, including this young 12-year-old's parents who had been told by doctors to prepare themselves for the worst, this young boy was dale and he was on a church trip on friday, he went to the long beach peninsula in washington state when a rip tide pulled him under the water where he spent 15-20 minutes submerged in the pacific before any noticed him. here you can see dale being carried out of the water, he was in a com-- coma after being rescued and stayed that way until sunday night, the parents describe what happened when the doctor tried talking to their son. >> he said dale, open your eyes. >> and that was the first response we got. >> the doctor said maybe
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there is a miracle that's happening here. so we're just taking it as we go. >> reporter: slowly, dale began to show signs of improvement but getting him to actually speak was maybe the biggest turning point of all. >> we were trying to get him to cough, and come on, dale, cough, you need to cough, and he coughed once, you need to do it more, i don't need to is what he said. >> we're like -- >> it was a full sentence. it was amazing. >> dale still has a long way to go, including physical therapy ahead. doctors aren't sure of any long term problems as a result of this, but his parents are very, very grateful to have their little boy back, after thinking that the worst had happened. back to you. jon: rick, thanks. jenna: we needed a story like that today! good news to hear, a little miracle like that. jon: the joy in their voice, wow. jenna: let's take a look at the dow today. again, what we're seeing is a lot of volatility in the
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markets. we're going to bring you the latest. neil cavuto is here with instant analysis and perspective of what's happening on wall street, just ahead.
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. jenna: near high noon on the east coast. we are so glad you are with us. i'm jenna lee. jon: i'm jon scott. another day and another drop on wall street. they are giving up much of the 430 point surge giving back 376 points right now. it's a sign that the steam may be running out of the fed's big announcement yesterday that interest rates will be kept at near zero for the next two years. america's central bank also out with a warning on the economy. neil cavuto knows a lot about what is going on and the markets are over the fed's big announcement, huh. >> reporter: remember, jon we
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were talking about the good and bad in this. the markets liked the fact that interest rates at least telegraphed by the fed would stay low for two years. it's a tough promise to keep, but that's the promise that was made. they were more troubled over why. why are you keeping the interest rates low? we now know the reason, the fed thinks the economy will lumber along for the next two years. you delight in the fact that they let the interest rates stay low but you don't like the environment that is keeping the interest rates low, and that is weighing on stocks. this good old change, fast market conditions where you can swing wildly. adding war lee today is talk that france could be in some trouble, rumors that it might lose its aaa rating. it had to be serious enough for nicholas sarkozy to come back from his vacation and waoes
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meeting with his financial team to see what they can do to save the aaa rating. france is in a lot better shape than italy or spain, but the very fact that this issue even came up or that it necessitated nicholas sarkozy to meet frantically, i might point out, with his staff to come up with ways to ward off the aaa reaper, it let's you know that this is agreeable thing going on here. there are serious worries about the health of the financial his them, and countries' ability to respond to it everywhere. jon: we are portugal, is that what is going on? >> reporter: i don't know, i mean portugal at least now has been trying to get its books in order. we are doing a lot of talking but we are not exactly doing a lot of acting. whatever accord we made on the debt, the $2.1 trillion agreement is really just chump change. keep in mind over ten years with this plan we still add
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$7 trillion more debt to the file here. it's a pile of something. jon: the frustration and the chatterers have been talking about it with us this morning is we elect congress and an administration to make these tough decisions and they tend to punt and hand it over to a committee and say, hey you guys do it. >> reporter: what is interesting about this committee, we punt to the predict always be, very liberal types on the left, very conservative types on the right. it's sort of like that austin powers, mini-me, a version o of congress that isn't much difference than congress. making recommends that is rejected by congress in a very tight vote would meet automatic cuts in defense and some of the things that could, could put some teeth into this. we are a long way from that. jon: one of our chatters, chris wrote in and said, we love you, neil. that's all the goodbye you get
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from me. >> reporter: a family members got through. i kept telling him, keep trying. jon: for inc in-depth financial show you can see him every day. catch a live edition with neil this saturday, 10:00 eastern. jenna: the obama administration is looking for new ideas to stabilize the housing market. we just hraoerpbld of this today. they are asking investors for proposals to convert thousands of foreclosed homes owned by the government through government government-backed -- what am i trying to say here, government-backed companies like fanny mae and freddie mac, they are trying to convert those into rentals. steve moore is a writer for the "wall street journal." i'll try to get the word out right. i don't know what is happening. the obama administration is looking at these government-backed entities and
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trying to take the homes that are foreclosed on and turn them into potentially rental properties? >> right. jenna: what is your gut on that, good idea, bad idea, what is that? >> by the way they are government-sponsored enterprises. jenna: thank you. >> the official name for these things. if you look at the last couple of years, this is an amazing statistic, 90% of the new mortgages that have been initiated -- the 0% of those are government guaranteed. what the federal government is basically sitting on right now as you just said is hundreds of thousands of bad mortgages, properties that people have foreclosed on, that there is no payments, no rental phaeuplts or obviously any mortgage payments. what the government is saying here, let's sell them to investors, get renters in the properties so we can get payments on those properties so they generate income. it's not a bad idea. i think it's probably a good idea, because look you don't just want a property vacant and
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empty with no income. but the bigger problem is, why do we continue to provide these 100% guarantees? the federal government is the biggest landlord in america today. jenna: i have some real basic questions about this plan, steve. who would be the landlord? if i rented, then is the president my landlord? i write the president if i have a problem with my sink? how does that even work. >> no what would happen is that the property would essentially be sold at a fire sale price to an investors consortium, and the investor group would own the properties and rent them out. you raise a good point, jenna lee, they may actually have the federal government simply become the landlord and basically become the person who is leasing the property to people who want to rent, but i think the plan is to try to get investors to buy the properties. jenna: you said people who want to rent. new york city, for example, the rents are skyrocketing because no one is buying. we are seeing that nationwide,
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the rents are going up. a lot of folks in various income levels are having trouble finding a place to represent. i was look at a comment, he says he's exploring new options to sell foreclosed properties to give access to affordable rental housing. do you think there is any particular income group or any demographic that this would be targeted to? can an upper american american family have access to a rental home that is backed by the united states government? would that be part of this? >> yeah, most of these properties are probably at the lower end, but you've got a lot of million dollar homes who were foreclosed on around the country in places like california and florida. there is a whole array of properties that have basically been vacated by people who just walked away from the mortgage. as i said before they are not generating any income. and the issue is, you know, you're right, if rents are still high it makes a lot of sense to
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rather than sell the properties at a really low price, go a renter in there who will pay a thousand dollars a month or whatever the rent might be so you're getting some income in for the properties. consider this, the federal reserve bank owns about a trillion dollars of bad mortgages right now, those are real properties that they own. a lot of people don't understand that you and i and the people watching the show, we actually own these properties. jenna: i didn't know i was a homeowner. >> we are homeowners, we just don't actually occupy the home. jon: we don't get any benefits. jenna: we won't get the rent, that is for sure. steve, it's an interesting idea. we'll continue to watch it. if there is any way this could help stabilize housing prices, some say that would be the key to stabilizing the economy and allowing it to grow. >> it might help bring rents down and that will make the housing problem a little more affordable for people. jenna: as a renter i can tell you it can't come soon enough, that is for sure. thank you for your insight on this and setting me straight as
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well. steve, thank you. jon: fox news alert, three men protecting their property killed in overnight violence, as copy-cat riots spread across england. the prime minister now is giving police a blank check, telling them to do whatever it takes to restore "law & order." rick is at the breaks news desk for us. >> reporter: that blank check helping the police out in london overnight where things were calm after three straight nights of rioting. but again triple the number of police on the streets there. that was the case in london. that is not the case in other parts of the u.k. including liverpool which is famous of course for being home to the beatles. these are mounted police units, canine units that are out on the streets of liverpool, and the reason that they are there is because 200 young rioters took to the streets lighting cars and crash bins on fire, wearing masks, and traveling around in packs causing a lot of problems for police.
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you can see them wearing those hooded masks there to keep them from being identified on camera but this was the scene. as we told you yesterday, these rioters in liverpool and elsewhere don't really have a singular issue that they are angry about. a lot of them seem to be doing what they are doing just for the fun of it, if you could believe that. the prime minister, as you said calling lawmakers back to london, back from their summer break to debate the ongoing violence which comes less than a year before london hosts the 2012 olympic games. a lot of incentive to get the situation under control. we are on top of it. we'll i back later. back to you. jon: thanks, rick. jenna: new information about last week's major recall of ground turkey. it turns out that the government knew about contamination problems last year but said nothing until people started to get sick and even died. doug mckelway is live in washington. doug, this is unbelievable. >> reporter: it really is unbelievable.
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the recall that was announced last week turned out to be the third largest meat recall in u.s. history. it involved 36 million-pound of ground turkey, yet almost five months passed between the first salmonella illness and the recall. so why did it take so long? critics say that the usda does not classify salmonella, even the antibiotics resistant strains in this like the one involved in this recall as a dangerous adultrant like e.coli is. >> they can put products containing salmonella on the marketplace and hope no one gets sick. >> reporter: salmonella can be naturally occurring and can be killed when the meat is properly kicked. even so the cdc became aware of of the first illness on march 9th. the next month they linked it to cargill's arkansas meat processing plant. in may the centers for disease control began investigating a cluster of i wil i illnesses.
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and then in july they found several more cases, linked to cargill. it was not until august 33rd that the recall was announced. by that time one person had died and scores had been sickened. consumer groups have petitioned the usda to change it to a dangerous adultrant. so far they have been unresponsive. bottom line, you can be spared all the concern of s-lz poisoning from turkey if it is cooked to 165 degrees fahrenheit. you have to make sure you have the right temperature. jenna: how many of us do that when we cook. good reminder, doug, thank you very much. jon: striking back in afghanistan, the taliban killers of the american heroes hunted down and taken out. we'll tell you more about what happened on
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afghanistan. a court date for two suspects accused of brutally beating a giants fan outside dodger stadium on opening day. and all eyes are on the economy. rick is asking, how is your famil family coping? we want to know. >> reporter: we are looking for stories. we want you to tell us. up here you'll see america's asking. you can log in with facebook or twitter. we want to tell us specifically how are you weathering the roerl coaster on wall street. how are you dealing with the unemployment rate. how are you doing with your families budget. give me some stories. we'll read some of them when we come back from the break. don't go away. nts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs.
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jon: fox news alert, things change by the moment during "happening now" and here is one example. police now say those three siblings we were talking about at the top of the hour, they are
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called the doughtery gang are under arrest in colorado. they are accused of violent crimes, shooting at police officers, an an armed bank robbery. alicia acuna is live with more information. >> reporter: this is something that it sounds like ended quite dramatically. we are being told by our fox affiliate here in denver that they have confirmed with the cold water state patrol that there was a car chase that ended apparently in a car crash and resulted in three people being taken into custody, and we are being told that the public information officer from the colorado state patrol is on his or her way to the scene right now. but we are being told that the three people in custody are in fact the three siblings of the
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doughtery gang, jon? i'm sure we'll be getting more information how this crash took place. was it a chase? >> reporter: we've been told that it was in fact a car chase, and that it ended in a car crash. we have to remember that this all goes back to august 2nd when authorities in florida were trying to pull over the three members of this family, and they took off in a chase, they shot at police, and cops say then they also held up a bank in georgia, and it may have all ended here in colorado. jon: i'm sure you've got lots to do. get back to us with more information. thanks. jenna: right now a few more crime stories we're watching for you today. arguments are set to begin in the case of a u.s. soldier charged in the killing of five fellow service members in iraq back in 20 2009. a military judge will decide whether sergeant george russell goes before a court-martial. two defendants are due in court
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today for beating bryan stow. he remains in the hospital after suffering severe injuries. a playboy playmate arrested at the orlando airport after carrying a loaded gun through security. agents took her into custody after finding a colt 45 handgun in her bag. she's been released on bail. jon: fox news alert the pentagon is set to release all 30 of the names of the american warriors killed when their helicopter was shot down in afghanistan. and earlier the u.s. military announced that an air strike killed some of the taliban fighters who were responsible for that tragedy. jennifer griffin is live at the pentagon now. jennifer. >> reporter: hi, jon. well pentagon spokesman says it was never the intention of leon panetta not to release the names as is the law, frankly. he was reviewing a request from
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special operations command not to release the names out of security concerns for the families of the special operators. we are told that the names will be released within the next 24 hours. in terms of the crash we've also learned today from military spokes men out in afghanistan and the top general out there that they -- that special operators have killed the taliban commander and the fighter who reportedly fired the rpg that they think brought down that chinook. take a listen to general john allen the top commander in afghanistan. >> we tracked them as we would in the aftermath of any operation and we dealt with them with a kinetic strike. in the aftermath of that we have achieved certainty that they in fact were killed in that strike. >> reporter: the military says that special operators using local tips followed the taliban leader and his fighters who fired on the chinook to a compound in a forest in the
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shook district. they were attempting to flee to pakistan. they were killed by at least one bomb dropped by an f16 fighter jet. we have more information about the special operators and what they were called in to do on friday. general allen says they were part of the mission, not a rescue team, but were called in to track and kill several taliban fighters who were escaping from the firefight, squirters as they are called in military parlance. we first reported this on monday. >> there were elements that were escaping, and in the course of their attempt to depart the objective we committed a force to contain that element from getting out. and of course in the process of that the aircraft was struck by an rpg and crashed. >> reporter: the initial taliban leader that the rangers were pursuing in the tangi valley is still at large, he has not been killed. they are still pursuing him, and the military would not tell us
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how many of these taliban were escaping when the seal team six unit and the -- and their air crew were called in to try and stop them from escaping. jon: jennifer griffin at the pentagon. thank you. we'll be right back. [ male announcer ] where'd you get that idea? how'd you learn to do that? what'd you use? every project we finish comes with a story built-in. it's how our rough ideas become "you did that yourself?" so when we can save more on the projects that let us fix, make, and do more... that just makes the stories even better. more saving. more doing. that's the power of the home depot. right now get this vanity and matching mirror for just $99.
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jenna: just a few moments ago we asked how your family is coping with the economy and handling all the volum volatility out there. rick you've been reading these comments. >> reporter: our chatters are very smart people. a quick sampling here, adrian says i pay for everything in cash. that's her idea. diane says we're coping by cutting back on all nonessentials, we got out of the stock market, we put all of our money into hard assets. kay louisiana lee says i'm coping by going back to college to further my education.
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the only thing i worry about is will there be a job market when i get out of school. a couple of ideas from the chatters. thanks to everybody for participating. back to you. jenna: thank you very much. jon: a critical first test of grass roots support for republican presidential candidates coming up this weekend in the iowa straw poll. first the candidates get the chance to speak directly to voters in a debate you can see tomorrow night right here on fox news channel. byron york will be one of those on the panel. he is chief phreut correspondent for the washington examiner and a fox news contributor. i know you don't want to telegraph your questions in advance. jobs seem to be questions one among the chatters. i'm guessing that will be a big topic when the debate starts, huh? >> reporter: absolutely. the questions themselves have
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been locked away with the accounting firm of price waterhouse and all of that stuff. we will be asking about the key issues of the day, and what a newsweek it has been, so we may be asking about things that haven't even happened yet. so we're certainly going to cover the issues that the public is most concerned about. jon: you know, looking back the president spent much of the first year in office, first 18 months in office getting this healthcare thing passed. it was his signature achievement, and yet, you know, you've got the job situation in this country. i'm guessing that most of these republicans are going to be trying to address that. >> reporter: oh, absolutely. when you -- i've been traveling in the last couple of days with michelle bachmann and with governor tim pawlenty, and that's what they are asked. they are hitting obama hard on his failures on the economy, on the unemployment rate, on the debt, and on the falling dow jones average, i mean, that's
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what people want to talk about. jon: yeah, the stock market obviously the swings this week have been monumental, and we'll see where it closes today, but at last report it was down significantly, around 400 points or so. presidents don't run the stock market, though. >> reporter: no they don't, but that doesn't keep candidates from blaming him for it. they are certainly including that in their list of complaints. and basically it could be summarized by mitt romney's line, which is that president obama inherited a bad economy and he's made it worse. i mean they are all pretty much saying that as they travel around iowa. jon: everybody is going to be trying to stand out, right? i mean that's the name of the game, especially before this first big political test of the season. >> reporter: they really are. party officials here tell me they have never seen a race that is so in flux at this time, and they believe that the fox debate
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tomorrow night is going to be extremely important as people watch it and try to decide who they are really going for. and each candidate is trying to make a unique appeal. michelle bachmann, her energy and tim pawlenty's experience and all these things. people will be watching very closely because they haven't made up their minds. jon: some of those candidates could fall by the wayside as a result of what happens on thursday, we'll see. byron york has a front row seat. you can see all the action yourself. byron is in the washington examiner. thanks for being with us. the debate live, ames, iowa. it will be streaming live for you also on byron will join in a discussion right now. jenna: the three sibling fugitives are finally captured
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in colorado. the latest details ahead. plus the new test that can determine the gender of a baby very, very, very early in a pregnancy is raising a lot of ethical questions. we want you to weigh in. rick you have a little bit more on this. >> reporter: the question is, is it okay, or do you think that people that find out they are having a boy when they want to have a girl, or vice versa may be more inclined to end a pregnancy after getting these test results? keith ablow will be joining us. i want to know from you do you have a problem finding out at seven weeks whether you're going to have a boy or girl? we'll be back with the doctor. don't go away. gas and bloating. with the strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health.
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and guide to understanding medicare, to help you choose the plan that's right for you. as with all medicare supplement plans, you can keep your own doctor and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now. jon: just in, the final chapter in the first and only trial of the now-defunct community activist group acorn. this hour in a las vegas courtroom the organization is expected to be sentenced for its role in a high-profile voter fraud case. senior correspondent eric shawn is live in our newsroom with more. >> reporter: hi, jon. acorn facing the music but will it get a slap on the wrist facing a fine of $5,000. the activity very organization being engulfed in repeated voter registration scandals back in the 2008 presidential election. today it is being sentenced in nevada state court for voter registration fraud.
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the acorn lawyer is expected in that courtroom moment mem tearly is expected to argue for a final of 1,000 bucks. acorn pled guilty in april to felony large charge of unlawful compensation of registration of voters all part of an illegal voter registration scheme that acorn dubbed blackjack or 21. after all it is las vegas. that was bonus program for acorn workers. they were paid extra to sign up 21 or more voters that is against nevada state law. prosecutors said acorn made up the names. the 80% of the submissions did not pan out. they even tried to register the starting lineup of the dallas cowboys. acorn's nevada field director, christopher edwards pled guilty. edwards cooperated with prosecutors as you can see there he testified against acorn. acorn's regional director, pled no contest. she was sentenced to probation. the nevada secretary of state, democrat ross miller who vogted acorn told us voter registration fraud
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will be prosecuted. >> the message is out there that, we're not just going to look the other way when we see these types of violations. we'll aggressively pursue them. i think that will deter people from engaging in that type of activity. >> reporter: this was the first and only case which acorn itself faced criminal charges. all those other cases targeted workers for acorn. since this acorn has filed for bankruptcy. its lawyer says it has no more employees. but critics think acorn's former workers will be right back at it in next year's press depgsal election only conducting voter registration drives under the name of new activist groups. jon? jon: we could see the cycle all over again. >> reporter: we'll have to see. jon:. eric shawn, thanks. jenna: this is making front page news. a simple blood test that can predict the sex of a baby at seven weeks, seven weeks into a pregnancy, now raising some serious ethical
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questions. joining us now, dr. keith ablow of the fox news medical a-team. and dr. keith ablow, there are some things we point out here. normally you don't know the gender of a baby until maybe 20 weeks into pregnancy. >> correct. jenna: these tests have been able outside the united states. what you is knew they could be coming here is it. >> new tests show they're quite accurate. jenna: what do you think about this? >> here is what i think. the technology is novel. the fact that in 95% or better of cases you will be able to know whether you're having a daughter or a son but i think it is an aiful idea. like not even close. because number one, who needs to know? jenna: some say, if they know the gender of their baby they can better prepare? >> yeah, well --. jenna: they can get to know the child better early on. >> i think psychologically, i try to listen like a psychiatrist to everything. that is why i make a terrible dinner companion. but here's what i think people are basically going to use this for. they will use it to select
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gender. they will use it to decide whether to terminate pregnancies based on whether they a son or daughter. jenna: do you really believe that? >> they already are. jenna: really? >> in asian-american families is inexplicable skew toward male children. jenna: in america? >> in america. of those people who use such tests. during anytime, when children can be athe boed. so the idea that of those who are pro-abortion or pro-choice, that they're not going to, at this point, say, well, you know, we have two girls. a third girl? really? and don't think this is the end of it because technology advance. so when it can be two weeks, then they're going to definitely decide based on gender. jenna: do you think as a doctor, do you think this would be something that the government should regulate, to say this should not be available to the american public if it is something that's available on the market? >> i hate the idea of government regulation of
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that kind of technology. so, no, i don't favor that. what i think, people should prepare for a kind of battle. the word has to go out to doctors. the debate has to be, now put forward. given this test and its availability, don't terminate your pregnancy based on whether this is boy or girl because this is that moment. jenna: that's a tough, it's a tough conversation to have. ric, you've been listening to some of our viewers have thoughts whether this is a good or bad one. >> farce the doc concern about people having abortion, kayla says i think it is okay. buying necessities and cheaper and easier and costs less if you know ahead of time the sex of your unborn child. jenna: economic angle to it. >> there is economic angle. he thinks it is okay as long as it doesn't lead to any abortions. >> well, good luck. jenna: you're sure about that? >> i'm sure it will lead to abortions. people say i will save a little money because i know it is seven weeks. i don't believe that? what are you going to do, get a extra discount?
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shop coupons coming in the mail? i think that is spurious argument. bottom line, there is big problem here, that people will use this test and decide, consciously or unconsciously, do i want this child or not? jenna: interesting, consciously or unconsciously. >> or unconsciously, right. jenna: we'll see what happens. sort of moving towards the united states. depends how accessible it is. right now the test is very expensive. not something everyone has available. >> should the government regulate it? the company shouldn't sell it. what about corporate responsibility? jenna: that is another side we have to think about. doctor, a lot to think about today as we look at this new story. jon? jon: i always liked the surprise, jenna. a beautiful american woman vanishes in aruba six year after natalie holloway disappears. some striking similarities in these two cases. the sus pick is in custody. the must-see moment. rick at the web wall how you can vote on the story you
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want to see. >> three stories you decide, we report. the first one is serious has to do with the rioting over in the u.k. we can tell you this young man and exactly what happened to him, if you want. we've got amazing pictures of a car crash in texas. not the kind of crash you typically see. look at that. we'll show you more if you decide. or, an infestation of grass hoppers, that you won't believe. these are your choices. let us know what you think. go online right now and vote. we'll have the results coming up and more of "happening now" after a quick break.
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- because it's completely invisible. - because it's designed to help me hear better. male announcer: introducing amp, a new kind of hearing aid, so tiny, it's invisible. female announcer: amp is comfortable to wear and easily removable. amp, the hearing aid for people who aren't ready for a hearing aid. male announcer: call: to find an amp hearing professional near you. only $1,500 a pair. jenna: a the news. we asked you to pick the must-see moment of the day. we have a winner. >> we do. a car crash in texas. more accurately a big-rig crash. i guess this kind of thing happens but not usually like this. this is rush hour in houston. the big-rig as you can see hitting an overhead sign. that caused the cab to separate from the load. the load kind of hung out
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there, leaning against the overhead sign. officials had to shut down the freeway while they cleared out the mess and it caused quite a traffic problem for a lot of people in houston but that is the must-see moment of the day. jenna: how exactly did that happen? >> i don't know. i didn't see the actual crash. jon: like actually a dump truck. it has hydraulic lift on it and somehow lifted underway. >> the cab hit one of those signs and that is what caused the whole thing to sort of lift up like that. liked like a toy truck i used to play with when i was a kid. you could make it go like that. jenna: anyone injured, ric? >> everyone is okay and the highway reopened today. jenna: not what you see every day. ric, thanks very much. thanks to our viewers. jon: we're getting new information on a missing american woman in aruba. police say the woman, i'm sorry the man traveling with that woman, robyn gardner, the guy, gary giordano, is a suspect in her disappearance.
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giordano's lawyer says his client denies emphatically any wrongdoing and being unjustly held he says. phil keating live in miami. i hope you can explain it better than i just tried to do. >> reporter: thanks, jon. natalie holloway, most specifically the teenager's legacy tied to this case. two american attractive blondes on vacation of island nation of aruba and both under suspicious circumstances go missing while out on the beach. this time 35-year-old robyn gardner of frederick, maryland. she has not been seen since last tuesday when she failed to return back to the states on time. that is what the natalie holloway resource center got involved which was established in natalie's name and honor to help with missing persons cases. down in aruba, unbeknownst to the gardner family here in florida and maryland, investigators were already involved as robyn gardner was reported missing by the man with whom she went on
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vacation with. a man she met on gary giordano from gaithersburg, maryland said the two went snorkeling aren't 6:00 p.m. when he got back, he looked around and lo and behold she was nowhere to be found. he is arrested in custody in a rube ba, arrested at airport while trying to fly back to the u.s. reportedly his story has changed several times, quote. the statements made bit traveling companion led to such questions on friday, august 5th, 2011 it was decided to detain him for further questioning on the possible drawning of the woman. robyn gardner's boyfriend of eight months back in maryland, who was clearly cheated upon here, believe the snorkeling story is totally bogus. >> i'm can state with pretty much certainty she would not be snorkeling at 6:00 p.m. at night. she is, somewhat vain and very concerned about her hair and her makeup and
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anytime i've been in the ocean with her she has never gone past her waist. >> he tells me one time they went on vacation here in miami and she says, gardner never once went into the ocean, prefering to stay at the pool and hang out in the freshwater instead of the salty water. giordano by the way has a criminal history in the united states, two women unrelated to each other got a judge to place a restraining order on him. others have been on the record saying he has anger management issues. gardner's ipad down in aruba is in the custody of investigators there who are looking in it for clues and her blackberry, according to aruban authorities has been sent over to the netherlands so the high-tech laboratories the dutch have there could try to get something out of that. definitely he is in custody, giordano, and he will be held in custody at least for another four days. then a judge down there will have to decide whether to continue to detaining him or
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to release him. jon? jon: another strange case in aruba. that's for sure, thanks very much. jenna: here is another case we're watching. he was convicted in one of the biggest legal scandals ever amount former judge who took cash for kids, is sentenced to juvenile detention center when he got a kickback from those centers. why his attorneys say his crime should actually keep him out of prison. we have that straight ahead. naturals from delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life.
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>> hey, everyone i'm megyn kelly. a new report says the president's re-election strategy, will be quote, to kill romney by attacking his character and deriding him as quote weird. will that backfire. we debate. meet the man who saw the london rioters burning homes and looting building and tried to do something about it and it is on tape.
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parents are able to find the sex of their babe seven weeks in utero. is that a good idea? a man started a website called my you can't complain about your ex-now? kelly's court in session. see you see at the top at 1:00. jon: a former pennsylvania judge convicted in the kids for cash case is sentenced this week. mark ciavarella, jr. was found guilty of incarcerating young offenders for money. his lawyer says the former judge could face abuse if he goes to prison. should he receive special consideration in his sentencing? talk with fox senior judicial analyst, judge andrew napolitano. the anchor of "freedom watch" on the fox business network. what do you think of that argument? >> the answer is no. he shouldn't receive any special consideration. first of all, you should sentence the person for the crime they committed, not for who they are or what their background is.
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that is the general rule of them in state and sentencing system. you have a state judge found guilty of a jury sentencing people to a private scale that the state of pennsylvania leased and owners of the private jail were kicking back money to the judge based on number of people he sent there. jon: almost a million bucks. >> correct. so his decisions were motivated by greed and innoncent people went to jail so he could be enriched. this is truly, truly, jon, one. greatest abuses, nonviolent abuses of power by a person in the government in modern times. jon: but he wasn't convicted on all counts and that is something his lawyers are pointing to. >> correct. he was convicted of receiving $997,000 in bribes and using his power as a judge in order to receive those bribes. so the question is, and he was convicted in federal court. should this former state judge go to a federal prison or is it likely to be harder on him there than the average prisoner because he's a former judge?
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and the answer is, he can go where bernie madoff is. he can go where jeff skilling is. he can go to a federal prison that detains white-collar people for a long periods of time where his safety will be insured, as food as a jail can insure it but it won't be a country club. jon: don't the law books say if you can't do the time, don't do the crime?? isn't that what they teach you? >> that is sort of a thumbnail version of this. this is something way out of control, that ruined the lives of hundreds of people, that besmirched the entire court system in pennsylvania. jon: an awful case. you can catch more of judge napolitano on "freedom watch" tonight and every week night, 8:00 p.m. eastern on the fox business network. judge, thanks. >> i'm going wild on debt this week. it is destroying us. jon: all right. jenna: the judge going wild on anything. that means you have to tune in, take it from me. >> thank you, jenna. jenna: no problem, judge. the economy and wall street
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taking serious hits over the last week that is why the judge is going crazy. what voters are saying about the president about where our nation is headed next. [ male announcer ] it's a fact:
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from unitedhealthcare medicare solutions. call right now. jon: the chat was a mail stream today, rick. >> reporter: put your money back in social security that was taken out by the president and congress and repeal it so they can't use it as a piggy bank. from tom w. considering the mess the congress has made do we really need a super congress? and bob says stop talking about cutting social security and medicare and veteran's healthcare and cut salaries of inefficient government employees. jenna: a lot of our viewers are saying, some of these things like medicare and social security are not entitlements to us, we have been paying into them for 40, 50 years and we deserve them. jon: and some say we are cutting out the luxuries, they ought to do the same. balance the budget. come up with a sol


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