tv Way Too Early With Willie Geist MSNBC October 27, 2011 2:30am-3:00am PDT
it's "way too early" for this. good morning. i'm willie geist and this is "way too early." among registered weed-smoking voters. i'm glad you're watching or listening live on cirrus xm radio. shoot me an e-mail at firstname.lastname@example.org or you can do what lance berkman does, those responses will be read later in the show. the next 30 minutes will be your cram session for this thursday, october 27th. a lot to tell you about, a stun ing revelation by ruth madoff about what she and bernie attempted weeks after his arrest. vladimir putin's public displays of strength are getting less and less cool. from shirtless tiger hunting to badminton.
we'll tell you what exactly is happening here a lit later in the show but first to the news live at 5:30 a.m. here at 30 rock. a breakthrough in europe just within the last several hours as leaders agree on a rescue plan to prevent a greek default that could have brought down the continent. the headline in today's "wall street journal" reads eu forges greek bond deal. it comes at a heavy price. the nuts and bowls of this deal we bring in becky meehan live in london. >> reporter: the world had been waiting are to it looking to see how europe will get out of this sovereign debt crisis. it's being taken well by the markets because equity markets right around the world are getting a bump up but here are some of the details what's going on. holders of these greek sovereign bond also have to take a 50% haircut as they say basically giving up 50% of the debt they are owed by greece, still we are yet to see the details hammered out.
let's not get too excited. that's the plan. also wondering what would happen with the european banks overall. there's been lots of talk about a bank recapitalization. it looks at this stage like banks will have to raise about $150 billion in new capital to make that all go ahead as planned. we've also been looking to see how the european leaders would manage to get this bailout fund bigger. well, they have come to an agreement to leverage as they say the existing bailout fund so now if this all goes through, the details can be hammered out and the bailout fund should be worth about $1.4 trillion. the question is, is that going to be enough, markets are gaining today but we've seen this happening before. every time the european leaders come to an agreement they say can draw a line once and for all under the european sovereign crisis further down the road the markets decide it's not enough. this time, of course, they are hoping that won't be the case but time will tell exactly how convinced the markets are about
this. lots of countries around europe have had to make some changes to their individual national setups, as well. in italy, which has been the focus of lots of concern about its current debt situation, there have been really strongly felt emotions about some of the austerity measures the country is set to take and, in fact, yesterday in the italian parliament when they were debating this hotly felt pension age issue, the fact it came to fisticuffs between a couple of the italian leaders who got into a proper fistfight as tensions rather boiled over in the debates on these issues. so we do have a resolution to some degree on the european debt crisis, the markets like it right now but there are still lots of details to be hammered out. what we've had so far from the european leaders are agreements in principle on some of the main points. the devil will be in the detail. we'll have to wait and see. >> excellent summary of it. becky, thanks so much. cnbc's becky meehan live in london. to washington where a
fast-approaching deadline for a plan to slash the nation's deficit has sparked democratic members of the super committee to action. the plan proposed by senate finance chairman max baucus goes beyond the group's $1.2 trillion mandate reportedly seeking 2.5 to $3 trillion in budget cuts over 10 years. up to $500 billion in medicare cuts and more than $1 trillion in new tax revenue and that right there is your sticking point with republicans. according to one source more than 50% of the plan's deficit reduction would come from tax hikes. that's an idea that will doom the proposal, say some republicans, they have said they will not accept any such increases. democrats say their ideas were inspired by negotiations that took place, remember, between president obama and house speaker john boehner this summer. speaking yesterday, speaker boehner noted the difficulty in achieving what he calls fiscal sanity in washington. i can tell you that these 12 members, democrats and republicans, have continued to
work very diligently trying to come to some agreement. i can just say that, you know, having been through these discussions with the president all year and the senate leadership all year, the reluctance to do what we know has to be done continues to mystify me. this is not rocket science. >> speaker boehner added that entitlement changes were a key really to getting the deficit under control. you saw some of those in the democratic proposal but the tax increases are the problem. the supercommittee has until november 23rd to reach an agreement. if you are among the occupy wall street protesters in downtown oakland on tuesday night, this is what you might have seen. >> that's new video posted on
youtube of riot police firing tear gas canisters on the demonstrators. police say they responded only after being hilt by rocks and other objects. one man, an iraq war veteran, scott olson who you can see falling to the ground was critically injured after he was struck in the head by a flying object. as other protesters rushed to his aid you can see one of the police officers tossing a flash bang device temporarily breaking up the crowd that was attempting to move olsen away from danger. protesters were eventually able to remove him from the scene hospitalized in critical condition with a fractured skull. still not known what exactly struck olsen. protesters are saying it was a canister of tear gas fired by riot police. oakland police chief howard jordan said in a press conference yesterday olsen's injury would be investigated as if it were a fatal police shooting.
they poured the streets marching through the financial district chanting "we are the 99%." go back to washington now where house budget committee chairman paul ryan went after president obama accusing him of inciting class warfare. >> instead of appealing to the hope and optimism that were the hallmarks to his first campaign, he has launched his second campaign by preying on the emotions of fear, envy and resentment. this has the potential to be just as damaging as his misguided policies. sowing social unrest makes america weaker, not stronger. pitting one group against another only distracts us from the true sources of inequity in this country. >> chairman ryan critical of the way president obama is selling his $447 billion jobs package to the country saying the president is pointing the finger at everyone else and, quote,
setting up straw men and scapegoats but the president speaking to a crowd in denver about his new plan to bring relief to college graduates saddled with debt made it clear who he blames for the struggles. >> for decades too many of our institutions from washington to wall street failed to adapt. or they adapted in ways that didn't work for ordinary folk. for middle class families, for those aspiring to get into the middle class. >> the president went on to say the country needs to focus on making things and creating value and not on racking up debt. on to 2012 politic, herman cain is centraling his role as a front-runner in the presidential race. a new fox news poll now shows cain leading the field with 24%. that is within the margin of error essentially tied with mitt romney. mitt romney is just 4 points behind as i said tied. ron paul, newt gingrich and rick perry round out the top five in that national poll. when it comes to early
battleground states romney is consistently on top. a new cnn/"time" poll shows romney ahead of herman cain by 3 points among registered republicans in iowa, again, he's essentially tied within the marriagening of rearer. new hampshire, overwhelming favorite. 40% support herman cain is down there, 27 points behind cain. texas governor rick perry continuing to lose support in the polls, not even making the top five in new hampshire. on to florida, romney with a comfortable lead there, as well, over herman cain. up 12 points among registered republicans. newt gingrich, rick perry, ron paul, round out the top five. in south carolina, it's a dead heat between romney and cain. romney has a two-point lead, of course, well within the margin of error. some of the early battleground states there. as cain rises in the polls increased scrutiny of his campaign and joked about attacks from other republican candidates at a dinner last night in corpus christi, texas.
>> the last debate, how many did you see it? i didn't realize that that bull's-eye on my back was that big. they came after me like i had talked about their mother. >> but cain may not need to worry about debate punches from rick perry. some attribute the texas governor's drops in the polls to poor debate preparation and he may not participate in the upcoming debates. i think all the campaigns were expressing frustration right now. we said we would do michigan but the primaries are around the corner and you have to use your time accordingly. on fox news on tuesday governor perry admitted the debates have not been productive for him. >> these debates are set up for nothing more than to tear down the candidates. it's pretty hard to be able to sit and lay out your ideas and your concepts with a one-minute response so, you know, if there was -- if there was a mistake made it was probably ever doing
one of the campaigns when all they're interested in is stirring it up between the candidates instead of really talking about the issues that are important. >> this comes yesterday, perry backtracking on comments he made on monday where he questioned the authenticity of president obama's birth certificate. >> i don't think i was expressing doubts. i was having some fun with donald trump. >> are you comfortable he's an american citizen. >> oh, yeah, and, look, it's fun to -- you know, lighten up a little bit. >> so you have no doubt he's an american citizen. >> i have no doubt about it. here's the more interesting thing, let's lay out our income taxes, let's lay out our college transcripts, mine has been on the front page of the paper. >> still going with that grade thing. not sure about that. ruth madoff, wife of bernie madoff is speaking for the first time since that scandal broke in late 2008. in an interview with "60 minutes" set to air sunday she said on christmas eve, 2008, she and her husband bernie tried to take their own lives.
>> i don't know whose idea it was, but we decided to kill ourselves because it was -- it was so horrendous, what was happening. we had terrible phone calls, hate mail, just beyond anything and i said i can't -- i just can't go on anymore. we took pills and woke up the next day. it was very impulsive and i'm glad we woke up. >> a failed suicide attempt on christmas eve, 2008. ruth madoff goes on to describe the details of her husband's confession to the family, the bernie madoff ponzi scheme was the biggest investment fraud with losses estimated at more than $20 billion. still ahead on "way too early." labor day, 20 minutes ago, now it's snowing in several parts of the country, heavily in some places. bill karins has the old man
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that's a beautiful live picture at 5:46 of the jefferson memorial in washington. let's get a check of weather from bill karins, the man who guaranteed they would play game six. >> oh, you said last night. i thought you meant eventually. >> oh, yes. >> tonight? >> they wanted to cancel it. the weather was showers, didn't even rain that much. i don't know. i want to give you credit for keeping it classy when we mentioned old man winter up. we didn't mention barnacle. >> why me? >> i wanted to turn the attention off me. good morning, everyone. we are watching some rain moving through. kind of an ugly day. yesterday in den version the snow, nice pictures with the trees and the leaves on them but 10,000 lost power, six inches in downtown denver. many ski areas are now open. who needs the umbrella and who needs the jackets? chilly. northern new england, buffalo, 39 degrees so there is some cold air out there and as we go
through the day today on and off light rain, temperatures in the 50s so bundle the kids up and yourself. doesn't look like too much snow in new england. the catskills and poconos and the berkshires could get snowflakes later today but not the big cities. you can see the forecast even albany has a chance of some showers, tomorrow does look better in the area. in the middle of the country, 54 in dallas one of the coolest days they've had a long time. >> a lot of rain. thanks so much. to sports. game six of the world series postponed early in the day yesterday after the forecast called for rain throughout the evening. the game was moved by major league baseball to tonight at 8:00. this was the scene though at busch stadium when the announcement was made in the light afternoon had some players wondering why they couldn't play. lance berkman was quoted as saying i'm not even sure why they canceled it. this is better than the weather for game one. i guess i'm going to lie back on the couch like a big fat pig and watch a movie. yesterday treated to a
glimpse, the pregame ritual of perhaps the best hitter in baseball, albert pujols. how did he spend his day off tuesday before wednesday's world series elimination game? he went to a local best buy to pick up a copy of the captain america dvd released on tuesday. he was one of the first in line at best buy. thanks to this photo posted on twitter by a cardinals fan. pew holes seen posing holding his newly purchased dvd. the forecast for tonight, 50 degrees, clear skies, colby lewis pitches for texas against the card nalls' jaime garcia. coming up on "morning joe" rick perry falling in the polls hints he may bail on some of the debates. we'll assess the road ahead for the texas governor with our "morning joe" crew. when we come back we'll huddle around the water cooler to hear herman cain's announce mement ripping cigs to win votes. "way too early" will be right back. [ female announcer ] when kate collects her pink yoplait lids
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your friends in addition to greece the eurozone has bailed out portugal and ireland for a total of $520 billion to date. greece alone has received 300 billion of that. now you're talking about a fund of some $1.3 trillion to avert disaster in europe. let's huddle around the water cooler. herman cain's explanation for the smoking ad heard round the world. here he was talking about it on fox. >> we have a saying, let herman be herman. this is the attitude that i have when i do debates, this is the attitude i have when i do interviews, mark block is my chief of staff and we also say let mark be mark. mark happens to be a smoker. he knows it's a bad habit but he smokes. many of us found it hilarious because we know mark block and i thought he did a great job with the ad.
>> cain being cain. ripping smoke, doing what we have to. mark block is smoking a cigarette. last night it was david letterman's turn. >> the herman cain campaign released another commercial. this one equally as odd. take a look at this. >> mark block here, since january i've had the privilege of being the chief of staff to herman cain. we need you to get involved because together we can do this. we can take this country back. ♪ i am america ♪ one voice ♪ i am america >> herman cain likes the indonesian smoking baby. who doesn't. we have to remind our viewers that 2-year-old quit smoking. good for him. will ferrell was honored with
the mark twain prize at the kennedy center. his friends in comedy got together at his website funny or die for a little thank you. >> thank you so much for your contribution to comedy over the years and, of course, for the incredible letter that you wrote me. >> the letter you sent me -- >> i like to think of it more as a smile that was delivered to me in letter form. >> dear sarah, you are the single most important influence in my life. >> you're the single most important influence in my life. >> the single most important influence in my life. >> it may surprise you to hear such words but they're true and i've never shared them with anyone before. >> i've never shared them with anyone before. >> with anyone before. >> you know what is odd about this, he sent me two letters. >> maybe one day with your help -- >> i can be as great as you. >> practically exactly alike. this is one. and they're seven year as part. >> i hope this letter flatters you. >> i ask you keep it in a
personal place. >> knowing our connection is something so profound. >> others would be -- >> jealous -- >> or fail to understand. >> i think it's a coincidence. >> sin leerily john -- >> william. >> ferrell. >> it's a form letter. you sent me two form letters you son of a [ bleep ]. >> p.s., my wife and i -- >> are naming our first daughter after you. >> get out. get out of here. mark twain award. he doesn't know who mark twain is. >> congratulationses will ferrell. any time you get larry in the show, you have to do that. we all know about vladimir putin's public displays of macho. scuba diving he was doing. it turned out to be fraudulent. they put that urn he found, they placed it. shirtless horseback riding, fishing. he's going downhill with this stuff, i got to tell you. yesterday we got video of him doing this.
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