there is a report out this morning that says that eric cantor was scolding several republican committee chairman who voted against that bill. what do you make of the house, does cantor have control of his own party there? >> look, it's sort of difficult for me to criticize. i voted against the farm bill. i'm sorry. the subsidies that exist. 80% of it is food stamps. i'm sorry. it's still not a serious attempt to reform our ag programs in this country nor the food stamp proms programs, so, it's hard for me to criticize, i'm sorry, it just does not do the job. it doesn't generate near the sievings. so again, hard for me to criticize, apparently, they did have some kind of deal moving into this that fell apart. i'm sure that's what he's upset about. >> senator one other topic. it's not an issue. you mentioned a narrowing window for pieces of lenlslation going through now. one we think about with the financial markets is the continuing resolution and the debt ceiling, both of which come to a head sometime september, october. what can we expect this fall? are we going to see more partisan fi

google's eric schmidt shed the conference is putting a growing emphasis on technology. schmidt chatted with apple's tim cook here saying the relationship has been getting much better. in addition to a shiftinglition of start-up ceos, bill gates and amazon's jeff bazos are also sun valley regulars. if you are wondering about facebook ceo mark zuckerberg, he is here, he spent some time with google's eric schmidt as well and last night he was hanging out with his wife new jersey governor chris christie in the sun valley lodge after dinner, but i have to say he's been doing a really good job of dodging the cameras, back over to you. >> yes, they have a way of doing that. i wonder, julia, i guess costolo didn't remark specifically on "sharknado" but i wonder what they are thinking there today and whether or not these -- this partnership with nielsen down the road will help shed light on situations like that. >> reporter: well, i think they're really interested in understanding what people are doing when they're in front of the tv set, and increasingly as people are more like

look at -- obama surrounds himself with people -- look at eric holder. you have fast and furious. you have the benghazi scandal. >> you're throwing out things that have nothing to do with this. what does that have to do with the irs? answer that question. you can't answer that question. >> why is the irs held accountable for all? >> what does the irs have to do with benghazi? this is a preposterous scruggs. >> they want to act like the republican party is bringing up a bunch of b.s. and we're not. >> this story is not on any front page of any newspaper, including the wall street journal and "washington times" conservative newspapers because they know there is no story there. the irs -- the i.g. from the treasury department, russell jordan, looked at this. there were 5,500 e-mails they looked at and found no evidence of any political involvement whatsoever. >> do you not find it odd that this general council for the irs is a guy who raised money for the democrats, defended reverend wright. i go back to this point and i acknowledge we have nothing concrete on this guy. i acknowledge

at a hearing on wednesday, several house members said they sent a letter to attorney general eric holder and director of national intelligence james clapper asking they give companies more room to publicly disclose information on surveillance requests. the story continues to grow. karen? >> hampton, thank you very much for bringing us the latest there. >>> coming up, morgan stanley is set to report second quarter results in just about an hour's time. will fixed income be a sore spot for the bank as it has been for rivals? we'll preview the numbers next. ♪ ♪ [ male announcer ] some things are designed to draw crowds. ♪ ♪ others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> let's catch up with european markets. it has been a rather cho

and the man who runs all of city group's hedge funds eric siegel at 7:40 eastern time this morning. and then joining us for a full hour at 8:00, former time warner chairman and ceo, and former citigroup chairman dick parsens. and then media matters with aol chairman and ceo tim armstrong. and watch this, in the last half of the show, the man everybody is talking about this week, eliot spitzer, the disgraced former new york governor, trying to mount a political comeback, he'll make his pitch to us at 8:30 eastern time. we have a lot to talk about. >> there you go with the mounting again. do you -- do we -- i was thinking about that yesterday. we call him governor, don't we? >> i want to show you

joining us, eric marshall, director of research and portfolio management at hodges capital management and a new face, welcome in brian mcauley of the henessey focus funds. brian, i'll start off with you and your affection for dental dams and the company that makes it. how come you like henry schein? >> henry schein is a dental medical products and veterinary products distributor. they are the largest in the u.s. and also the largest globally, and what we like is they are the market share leader in their space, and as a market share leader in a distribution business they get a lot of buying skill. allows them to earn higher margins than their competitors and deliver better service levels to their customers. so henry schein is consolidating the industry. because they have such high margins there's very good economics in buying smaller competitors so they are gradually rolling up the industry, and they are also going to be beneficiaries of the new health care law without any of the risks that many of the traditional medical companies face from that health care law, so as more people come

let's start with eric in new york. eric? >> caller: boo-yah skee-daddy. >> boo-yah, chief. >> caller: all right, i'm a type i diabetic, what's your thoughts on mankind? >> it's a speculative stock. i've not been behind it, i've seen the run it has, congratulations to those who own it. let's go to john in florida. john? >> hi, jim. jim, a couple of months back, you mentioned a speculative stock exel. >> yes. >> caller: what do you think of it? >> i think it's okay. i like the ones that are doing treatment of cancer work. and this is a speck. and i like it. let's go to josh in california. josh? >> caller: jim, boo-yah, imd, the question is as follows, given the combination of the refocus into the tablet market the processes are currently, will be in the xbox, the play station, could amd turn around the balance sheet? >> yeah, i've been recommending it. >> buy, buy, buy! >> let's go to mike in florida. mike? mike? >> caller: jim. >> mike. >> caller: boo-yah from florida state. this is mike. >> fsu! noles rock. >> caller: gators

eric, from russells, would you put new money to work in this market right here? >> yeah, absolutely. i think today is a good kind of blueprint for what we think we'll see for the rest of the year. we've been telling our clients since the tapering talk started that we think that bond rates are going to stabilize. we saw the 10-year behave itself today, which is, i think, frankly more important than what we saw in the equity market, and you saw equities move up. that is basically what we're going to get for the remainder of the year. more stable interest rate environment, and an increasing equity market based on the fact that the economic news is getting better, but not good enough to bring the fed in too heavy. >> yeah. everybody stay right here. we want to get the breaks news on zynga. we have a new microsoft executive being named. jon fortt with the story now. over to you, jon. >> reporter: thanks, maria. don mat mattrick moving over from microsoft, going to zynga at its new ceo, founder mark pincus sticking around, still chairman and chief product officer. now,

great to have you with us today, eric. >> thanks. >> you've been a great success story. but my question is, you have a lot of competition coming up in the next year or so. how will you be able to differentiate yourself? >> i think we're starting to move quickly on the front to enable developers to write applications for the watch. pebble is one of the first watches out there that developer d s that can write apps. they can write sport, fitness, let you control things from your watch, like send and receive text messages, e-mail, facebook, twitter from your watch. we're in a position where people can start writing apps for pebble today. you can go and buy one and start writing the apps right away. >> we have great respect with what you've been able to do with your company. how are you thinking about what apple and the others may be coming up with, and how that's going to impact you? those are very large companies with a lot of financial muscle behind them. do you feel as though they'll sort of render your product immediately second fiddle the minute they come on the market

i know that eric holder is reviewing what happened down there, but i think it's important for people to have some clear expectations here. traditionally these are issues of state and local government, the criminal code and law enforcement is traditionally done at the state and local levels, not at the federal levels. that doesn't mean though that as a nation we can't do some things that i think would be productive, so let me just give a couple of specifics that i'm still bouncing around with my staff and so we're not rolling out some five-point plan but some areas where i think all of us could potentially focus. number one, precisely because law enforcement is often determined at the state and local level, i think it would be productive for the justice department, governors, mayors to work with law enforcement about training at the state and local levels in order to reduce the kind of mistrust in the system that sometimes currently exists. you know, when i was in illinois, i passed racial profiling legislation, and it actually did just two simple things. one, it collected data on tra

first, julia bore citizen jours with an interview with eric schmidt. my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomitin

eric schneiderman, however, disagreeing with that in his statement today. here's what the new york attorney general has said. he said the securities markets should be a level playing field for all investors and the early release of data undermines fair play in the markets. now, bill, i should say that this broader investigation beyond just thompson reuters could have implications for other news and data services that send information on a high-speed basis to market participants. a lot of those folks will have to be looking very carefully at their arrangements and figuring out whether or not they violate the spirit here of the rules that the new york attorney general is citing in this agreement. >> thompson reuters has said all along this was disclosed publicly, it was in their fine print. i guess we found something else that didn't read the fine print, ag schneiderman. >> and they said this time around it has continued to disclose this publicly and it will continue to disclose this publicly. they defend the practice. they say they've done this now voluntari

would you book the profit, eric? what would you do? >> certainly not a buyer, because i view the stock as being about shared values, and as you point out, roe is about the cost of equity suggesting that the stock should trade around the book value which is where it is trading currently, so that is fair. this is back to the quality of earnings argument which is to get some kind of multiple expanse, there needs to be the view in the market and among the sell side that the estimates will mo higher and that return component starts to move considerably above the current cost of equity. >> we are out of time, ken, but you are essentially the same with the 1.88 price target, and more of the same view? >> we have a buy recommendation on the stock. >> you think it is substantially hi higher? >> well, a 1.85 target price, and we believe that the velocity of the investment banking and trading will be higher as we look out over the next 6 to 12 mont months. >> good to meet you both and thank you for joining us on cnbc. ken leon, and eric wasserstr

which is a theme i want to ask eric about. everyone tells us we're moving in to an unprecedented era. stimulus, fed, qe, bank of japan. deep down it's about finding some arbitrage. how do you look through the universe of hedge funds to pick out the guys who really can do that? >> the million dollar question. uncorrelated returns really come from dislocations in the market. so what we like to do is take very much a bottoms up approach. we are looking for those managers and again 8,000, 10,000 managers out there making only 5% or 10% are able to do that. >> real quick, would you put money with steve cohen right now? would you recommend a client do that? >> i can't comment on individual hedge fund names. >> but i tried. thank you for being here this morning. worth an effort. and if you don't know, the conference is a week from today skrul 17th. here are some of the lineup. nelson peltz will be joining us along with carl icahn and john paulson. plus the key note speech delivered by jack lew. that's all next wednesday on squawk. [

joining us on the newsline, the chairman and ceo of vf corp eric wiseman. good to talk to you. good morning. >> thanks, and thanks for having vf back on the show. >> interesting quarter. margins, man, i think i saw 240 basis points to the upside. good inventory control. what's troubling the stock today? >> i don't know what's troubling the stock today. we're thrilled with where we are. we're right on track with how we planned this year. our second quarter came in with 4% revenue growth which is what we expected. what was a little different is we earned more money in the second quarter than we thought. our earnings were up 14% driven by the gross margin expansion you mentioned. in fact, it was our highest gross margin rate for any quarter in our history and we're not a young company. we've been around since 1899. >> there's a few yaurs of results in there. some are pointing to wholesale business at timberland and northface, maybe cautious retail orders, at least in the united states. is that something to watch? >> we think we have our year dialed in at this point. we called for

in the next hour, house majority leader eric cantor. and at 8:00, randy kroszner. >>> welcome back. u.s. equity futures indicated higher today. that would be pretty good. only 18 points yesterday after all was said and done. shares of nokia trading lower this morning. they have come back a bit. the cell phone maker's revenue fell short of expect takings. an anchor is going to tell you about the weather. becky. >> yes, i will. let's get the national weather forecast from the weather channel's reynolds wolf. reynolds, good morning. >> hey, good morning. really hot times for you in parts of the northeast. i would expect that trend to last the next couple of days. better conditions by the time we get to monday. that's then. this is now. scatter storms in the rainy and cooley in florida. warm for you in seattle. pretty nice there. go figure. and in terms of your flight delays, we'll have those for you too. atlanta could see more today, mainly to the afternoon. memphis might have backups. new york, for the time being, things look good, just incredibly warm. okay. let's go back to you in n

joining us right now, jennifer eric zorn, director of competitiveness and center of growth. neil irwin, the economics columnist at the washington post in washington, d.c. and, folks, thank you for both coming. jennifer, let's start talking a little about some of these numbers. you got the gdp number. the jobs numbers coming on friday, what are you locking forward with that? >> with jobs, i think we are looking for about more of the same. over the last few months, we have been seeing the economy adding 200,000 jobs, which it's good to see positive number, it hasn't been enough to move the unemployment rate beyond that 7.6%. >> we have the fomc meeting this week. really, people are starting to wonder, who is going to be the next fed chairman. for markets that are forward focusing, that's a huge, huge question. what's wrong with larry summers? he has been attacked from so many angles since these trial balloons were floated by the administration what do you think of him? >> larry summers has a long career in public service. he's got a lot of experience and so there are people wh

. >> eric, i wanted the ask you as well, bernanke's day two comes on the day when the dow and the s&p 500 are hitting fresh highs and he indicated yesterday and has in the past that talking about the taper starting on may 22nd was partly aimed at making sure that there wouldn't be excess leverage in the markets down the road or perhaps a greater disruption by sort of fending it off now. in other words, if the fed was trying to prevent an asset bubble from form, do you think that they look at the markets today, and say, geez, we want to speak out there more hawkishly? >> well, no, they will not do that today and you won't see it in the foreseeable future. i think that it is really ben bernanke thinking that i may not be the fed chairman it looks like and not the fed chairman next year, and somebody is going to have to start to take the punch bowl away from the party, and it might as well be me 7 1/2 years into the job rather than the next person on day one of the job. market reaction at this point to a tapering talk, but probably would have been much more violent than we have seen, and

. >> eric dinallo is the insurance superintendent for the state of new york. he says that credit default swaps were totally unregulated and the big banks and investment houses that sold them didn't have to set aside any money to cover their potential losses and pay off their bets. >> as the market began to seize up and as the market for the underlying obligations began to perform poorly, everybody wanted to get paid, had a right to get paid on those credit default swaps. and there was no "there" there. there was no money behind the commitments. and people came up short. and so that's to a large extent what happened to bear sterns, lehman brothers, and the holding company of aig. >> in other words, three of the nation's largest financial institutions had made more bad bets than they could afford to pay off. bear stearns was sold to j.p. morgan for pennies on the dollar. lehman brothers was allowed to go belly up, and aig, considered too big to let fail, is on life support, thanks to a $123 billion investment by u.s. taxpayers. >> it's legalized gambling. >> it'

. >>> attorney general eric holder made a big announcement today in the zimmerman case. >> despite saturday night's not guilty verdict, eric holder said his department continues to investigate the case for possible civil rights charges. but one big hurdle is that the fbi has already concluded that zimmerman showed no signs of racial bias at any time in his life before the shooting of trayvon martin. >>> senate leaders will meet tomorrow to decide the fate of the filibuster. harry reid says he's ready to employ the so-called nuclear option in order to get some of president obama's judicial nominees confirmed. that could park a major republican backlash and delay almost all other legislation in the senate. >>> and asiana airlines says it will sue ktvu in the bay area. that station fwell for a prank and aired fake names of what was supposedly the crew of the flight that crash landed. the report became an instant viral sensation making ktvu the object of national ridicule. the station has apologized, but asiana says the report has gee fam defamed the airline. that is the latest that we know so

. >> sometimes it is eric, also -- he's no slouch in the looks department. and alex wallace, not the person you -- >> not that alex wallace. >> this is a different one. >> you want he had to be this token liberal. >> i didn't say she was liberal. are you implying that -- >> is there another alex wallace? >> yeah. >> let's move on. day two of talks between leaders in washington, eunice yoon joins us now. good to see you. >> great to see you too, kelly. i'm thinking about the fact that you are talarely see the camerat that this point even though it nice day here. a lot of people were thinking the officials went in with some degree of hope they'll be able to help rebuild this very strained relationship. one of the big points that was pretty interesting is that both sides have been arguing that the playing field is not fair. they both think they are the hurt party. on the chinese side, they believe they're unfairly blocked from investing in the united states. and the u.s. feels that china cheats. >> reporter: this is what the chinese authorities don't want you t

. >> kudos to eamon for the great work and eric schneiderman, the a.g. from new york, because i think he's exactly right, judge. it's not a fair playing field if you have a tiered release so the fact that they have moved to the shrines temporarily, suspended it, i'll give the tip of the hat to reuters for that. they should move away from this pleatly or they bring shim on themselv themselves. >> biggest movers in midday trading. dell is getting a pop. >> almost up 3% on the day. to me this is old news. iss came out and said shareholders should accept michael dell's offer to take the company private. i wouldn't be in this name or go out and buy it for the 30 or 40 cents upside. stay away from this name here. the news is out. delphi automotive popping. >> barclays raised their target. deutsche bank today. i think people are coming around with the restuck touring story and bopositive level. i think the author parts groups could be the best sector to own. >> mike rcron. >> downgrading the chips, micron suffering, not in the stock. >> yum brands, joe. >> like

but eric over at nanex in chicago spotted this for us this morning. he said according to his data he's looking at in realtime, it looks like the outage lasted about 42 minutes this morning from before 8:00 a.m. until after just about 8:42. it encompassed the period of time when the jobs report was released. he says that what he's looking at, the data he's looking at, shows that it was unable to send quotes to the son sol daconsoli. we're going to look at this and try to figure out exactly what the impact might have been here but it looks like there was a network outage this morning and we'll get more information about it later on in the day. guys? >> eamon, thanks. 8:42 would have been right around the time i think that the ten-year popped. not that it is something that's traded here at the nyse obviously but we know how interlinked these markets are. it will be interesting to see if that's one reason for the delayed reaction. >> that's right. we also should say we asked the s.e.c. for comment on this this morning. they have declined to comment to us

has voluntarily suspended the early release of data at the request of the new york attorney general eric schneiderman. thomson reuters says they defend that this general action, but they're going to suspend it effective july 12th. the statement from thomson reuters saying, thomson reuters strongly believes that news and information companies can legally distribute nongovernmental data and exclusive news through services provided to fee-paying subscribers. review what they were doing here. this is university of michigan consumer sentiment data, often market moving data that comes out from the university of michigan, coming out from them for decades. thomson reuters pays the university of michigan about $1 million a year for access to that data. they sell it early to paying subscribers at 9:54:58 a.m. and at 9:55, two seconds later release the data to a broader group and public at 10:00. that tiered wrelease system is what's at issue. thomson reuters will suspend it for now as they wait for the review here from the new york attorney general. carl? >> eamon, thank you for a story you've bee

>> eric holder has just released guidelines designed to calm some of the controversy that existed after the disclosure that the justice department had monitored a.p. phone records for certain officials in a leak investigation. what these new guidelines do it's technical stuff, but essentially it reverses the presumption in a case when as in the a.p. case the justice department wants to proceed without giving advance notice to the news organization. it sets up a news media screening committee to review these requests and limits the circumstances in which a reporter can be treated as a suspect as was the case in a fox news reporter who was named as a potential suspect in the case. that is only restricted in to very narrow circumstances. this isn't going to quiet the controversy, but it's a step forward for the justice department. chuck schumer, senator from new york a statement praising these. saying in combination with the media shield law, these should deal with some of the complaints from the media. so a late friday afternoon release from the justice department on this controversy. >>

eric, let me start with you. you said that basically pretty good to neutral in terms of the actual results, but we are in a period where it is really new products time to shine, a san diego that going the happen? >> well, if you look back at apple's history, jim, it has been traditionally in the fall and the new year where apple starts to set the table with the new products and either coming out in the later in the year or the consumer heightened buying time. and they tell us there is always the back to school bump with apple deals and guidance. and so it is about a new catalyst. we haven't seen a new fundamental category about the new products since the ipad and that was 2010. >> yes. and brian, may not have settled some of the nay-sayers off of the ledge last night, but if there is a plan for september and october, they are keeping the cards close to the vest. >> definitely. you think about apple being one of the most secretive companies out there, and rightfully so, because they don't want to let the public kn

as you know, we revamped our investment department two years ago with eric hersch. he's doing an outstanding job for us and creating ability to be agile and adjust to the marketplace when things are taking place. and so i feel very good about what we're doing in that area. >> dan, thank you. we'd love to have you back to talk more about japan soon. >> love to. thank you. >>> our lineup of corporate executives continues on "squawk box." brian roberts, comcast's boss. including the es and rx. ♪ this is the pursuit of perfection. ♪ peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps y

and eric by the day, we are learning zuckerberg and the colleagues vit back together, and what about the conversation and what if they seriously monetize 1.1 billion users? >> well, last quarter is evidence of that. a year ago mobile was a headwind and now becoming a tailwind, and the mobile revenues grew sequentially, and basically zero a year ago and now mobility is 40% of the revenue and the amount is never the amount of users, but it is monetization, and that is driving the revenue growth here. >> dennis, what do you think of facebook exchange to allow the advertisers to target the users according to the web browsing history. is that game changer for you. >> well, it can be, because it is leverage of 1.1 billion people, and if you can get enough advertisers and create a reason for them to come into the system, you have a printing press. it is the same as the newspapers in the last century, a scale. and facebook is a global scale. it is worth pointing out what we call a success. if the day of the ipo, we said that facebook would be trading at the rate for july of 2013, would that

and george presented evidence of these violations to the justice department, but the doj led by eric holder decided not to prosecute. in other news, detroit teetering on the brink of bankruptcy, governor rick snyder meeting today with the manager of the city. in talks with all the creditors trying to get them to agree to take a huge haircut. detroit could go into chapter 9, it would be the biggest u.s. city to do so. finally, a major player in the mexican drug cartel has been caught. his name miguel angel trevino morales, captured in a town near the u.s. border. found with $2 million in cash on him. >> $2 million cash is like piles and piles of money. >> right. >> holy moly. thank you, josh. >>> how big of a player in the mexican drug trade is this guy? joining us now is u.s. army general and nbc news military analyst general barry -- having a tough night, general. general barry mccaffrey, the former drug czar under president clinton. general, good to talk to you again. give us -- what's the scoop on this guy? is that really a big of a deal? >> yeah, i think so. he's one of the most

some truth in that and barnes and rubble, eric tweeting barnes and trouble. >> yeah, interesting. interesting discussion earlier in the hour about what liberty may do in terms of pressing for management changes. they tend to be a patient holder of some names, definitely a complicated story now that lynch is out. take a look with the dow at 52 on some of these home builders. rich peter sen says since the tenure crossed 2% may 22nd, three of the top seven laggers are home builders. i think the three that have been hurt the most, toll brothers, lennar and pulte. nits black and white for those who think interest rates matter. >> here, 3 to 4% gains, we seen the ten year gains capped a little now. a lot of people making the case say if you believe this is a sign of stronger growth, you still want exposure here the valuations are a hurdle. >> yes. also, netflix which blew my mind early this morning, it's up 3 plus percent today for the month, though, one month performs, 14%. >> wow! >> those who doubted their pricing, their ability to add subscribers, they have been shown the door. it's

joining us from toronto is eric lasalle and in the studio, jeffrey diekstra. and hillier is staying with us as well. jeffrey what is the task of carney as the data is improving in his first week of office. >> he's come in with high hopes. the chancellor has given him a remitt this is tended to be growth friendly. the pmi survey this week was very strong. the british traders of commerce said the economy is looking good. some of the survey data, the best we had since 2007. >> eric, come in here, because you've been familiar with carney and his work and the bank of canada. the viewpoint is one size does not fit all. if carney does try to bring some measures over here that he's used in the past, perhaps not going to be the right fit for the uk economy. what are your thoughts on that? >> i think it is absolutely fair to say the two countries are very different right now. canada did sail through the crisis and you quite frankly -- some of it does have to do with an economy that happened to do well. i think some of the halo is deserved. when we look at the innovation

though i have to say, i spent some time with eric cantor who says hello. >> eric was there? >> eric was there. >> some representatives of reason there. >> he enjoyed himself, there with his wife. had a lot of fun. hank paulson was there on the other side of the aisle. >> you were able to bring up two people that the exceptions to the rule, right? because they stood out. and look at -- you know who you look like? you remind me of today? >> who? >> i'm worried that, like, a bird is going to come down and maybe go like that. >> the birds? >> you look like tippy -- >> like the hair today. >> thank you. >> she had her hair just like that. >> you need to put it up so the birds can really -- >> i did have a bird -- >> shad upon you? >> yes. >> when you get up and you think, you know what, i'm going to do that some day, i'll come in, you know what, i'm sick of my hair and i'll put it -- >> you're jealous because you can't change it. >> in this business, it is all about this, as you know. >> i thought it was a little summer look. >> it is the summer. july 4th. >> were you hot? >> no,

. >>> and later, house republicans may soon put immigration reform on the back burner because eric cantor and the rest of the gop have a new goal. postpone the new individual mandate in obama care. >>> meantime, don't forget the kudlow credow. free market capitalism is the best way to prosperity. "the kudlow report" is coming back. uh-oh! guess what day it is?? guess what day it is! huh...anybody? julie! hey...guess what day it is?? ah come on, i know you can hear me. mike mike mike mike mike... what day is it mike? ha ha ha ha ha ha! leslie, guess what today is? it's hump day. whoot whoot! ronny, how happy are folks who save hundreds of dollars switching to geico? i'd say happier than a camel on wednesday. hump day!!! yay!! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> if you're in business in a blue state, you might want to sit up and take note. according to the 2013 survey, the top five states for business are all, in fact, red. and, in fact, 13 of the top 15 states have republican governors at the helm. and this year was a bit of a shocker. the mt.

you heard the same talk i have of him replaceing eric holder, about him going on to bigger and better things. at the moment, he's right in the middle of this cohen case. it's very much unresolved. we heard that there won't be an indictment this summer. but they have other fish to fry. >> hey, kelly. we will see you tomorrow. delivering alpha, as we said before, "squawk" will be delivering alpha ours. we will talk with our guest host jim chanos and secretary jack lew at 8:20 eastern time. >> up next, not so bubbly earnings from giant coca-cola. we will talk the consumer trend, a global and currency head wind with the cfo of coke. we should know all about this. then at the top of the hour, more reaction to goldman sachs. we go inside the numbers and tell you what they mean for your portfolio. i know warren buffet is not happy at this number. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. . >> j & j is up a little bit. but the move could get better because these numbers are pretty good. the company is reporting, let's see, a buck 48 vs. 1.39. the gui

and as eric holder was saying, he's alluding to -- or actually not alluding. he was very directly saying this is a hard and high standard. >> yeah. he made a point of making that point very clear. i want to speak to this idea of zimmerman having a future as an attorney. it's interesting. what kind of future does the man hold? obviously, the time going forward is going to be a very challenging time for he and his family. he had an interest in law enforcement, speaking to a family friend or a friend of his that he was interested in going to law school. what do you see? you as an attorney, what do you think when you hear that? >> you know, i suppose it's possible. but he needs the heat to die down. and he needs to lay low for a while. and we saw a lot of anger and hatred against causey anthony afew years ago. totally different case but it too was an acquittal and it didn't sit well with people and people thought the system failed, the jury failed. and she still isn't a very public person two years later. george zimmerman has supporters, and he has detractors. so

we're anxious to hear what eric holder is about to say. do we know where george zimmerman is right now? >> you know, wolf, no. it's like the where's waldo. no idea where george zimmerman is. when you hear from his attorneys, you understand why. zimmerman, for the last 16-plus months has received death threats. he has to take hiding -- go into hiding for his own safety. we do know, wolf, that his life is certainly different this monday. he's not wearing that ankle bracelet anymore, the gps ankle bracelet. he no longer has the 10:00 p.m. curfew that he had from the state. so now he is truly a free man but in hiding. certainly for his safety. >> do we know for sure that the actual gun that he used, that shot and killed trayvon martin, has now been returned to him? >> we don't have that entirely confirmed from my reporting at this point. we do know that it was in the custody of the state. we are waiting to get word on that. >> if you hear anything about that, let us know. george howell, reporting for us from sanford, florida. >>> in the afterm

attorney general eric holder reacting to the news just moments ago. >> i want to assure you that the department will continue to act in a manner that is consistent with the facts and the law. we are committed to standing with the people of sanford. with the individuals and families affected by this incident. and with our state and local partners in order to alleviate tensions, to address community concerns, and to promote healing. >> no mention there that the justice department will pursue new charges. so what happens next for zimmerman really remains to be seen here. all we know right now is that as the judge said, he has no further business with the court. folks, he is a free man. his lawyer, mark o'mara, telling cnn's "new day" today that zimmerman was wrongfully vilified as a symbol of racial injustice. >> we have a lot of conversations to have. i've been an advocate for the fact that black youth in america are not treated well by the criminal justice system. and we need to have that conversation. my fear is that we polarize the conversation because we attach it to a self-defense

even though the justice dept department would be handling that, that would be the attorney general eric holder, don't you think the obama administration might be a bit careful with this because there has been criticism with the president inserting himself into this? >> this is not a determine nation by the obama administration, this is a determination by the department of justice. so to suggest that it's improbable that there could be a civil rights investigation into george zimmerman's behavior i do position is premature. we're not there yet and there is some evidence of racial profiling. while it was not necessarily discussed in the trial, it was criminal profiling, that still remains part of the narrative here. and so i'm not prepared to say what the percentage of probability is, but there is a probability. >> but let's listen to the words of some of trayvon martin's lawyers who said that this was not about race. i mean, that has come out time and time again. so with that acknowledgement already taking place, could there have been a racial component, we all know the answer is likely.

number one, attorney general eric holder will address the naacp's national convention. the justice department is investigating possible federal charges in the zimmerman case. >>> number two, jodi arias back in court today. prosecutors want to set a date to retry the penalty phase of her murder conviction. >>> the show must go on for the first time since an aerialist fell to her death last month, cirque du soleil reopens today at the mgm grand in vegas. >>> a heat wave is blanketing the east coast with oppressive humidity and temperatures in the 90s. heat indexes will be well over 100 degrees in some areas. >>> number five, the big apple hosting major league baseball's all-star game tonight. met's phenom matt harvey starting for the national league with max scherzer on the hill for the a.l. >>> be sure to go to newday.cnn.com for the latest. >> thank you, michaela. >>> he's a murderer, he's lucky, that's what the prosecutors in the george zimmerman trial have to say. vinnie politan, host of hln's "after dark" sat down with angela quarry and the lead prosecutor. let's lis

do you have confidence that eric holder as attorney general will do the right thing? >> i have confidence that he will certainly do his best. i do. but for me, i think this is -- this is a call for all of us. i mean, our president has spoken, the justice department is doing their part, but at the end of the day presidents come and go, attorney generals come and go but we as a people still remain. and we are the ones that are going to have to really engage in these discussions in our local communities. >> the trayvon martin family attorney benjamin crump tweeted that -- he said you tweeted him that this was, in his words -- or maybe your words -- the defining moment for the status of my father's dream. i wonder if you'd explain what you meant by that. >> i said a defining moment. we're in the 50th anniversary year of his "i have a dream" speech. and depending on how we handle this is going to determine how much progress we've made. if we ignore what has happened because regardless of whether the rule of law spoke, people have spoken and people have very heart-felt feel

attorney general, eric holder says they are looking into the case. he called martin's death tragic and unnecessary. there were more protests monday in atlanta and houston with demonstrators demanding justice for the 17-year-old. in oakland, arrests, assault and vandalism. we now know more about what happened inside the jury room as the six women debated it. juror b-37 spoke to anderson cooper on "360" about what she thought about the testimony and the people involved. >> what did you think of george zimmerman? >> i think george zimmerman is a man whose heart is in the right place that got displaced by the vandalism in the neighborhoods and wanting to catch these people so badly that he went above and beyond what he really should have done. >> do you think he's guilty of something? >> i think he's guilty of not using good judgment. when he was in the car and called 911, he shouldn't have gotten out of that car. the 911 operator, also, when he was talking to him egged him on. i don't know if it's their policy to tell them not to get out of the car, to

today attorney general eric holder left the door open for more action. >> i believe that this tragedy provides yet another opportunity for our nation to speak honestly about the complicated and emotionally charged issues that this case has raised. i want to assure you that the department will continue to act in a manner that is consistent with the facts and the law. >> but is there enough fear to charge zimmerman with a hate crime? here's what our legal analysts say holder would have to prove. have to prove that zimmerman willfully hurt trayvon martin by shooting him because, this is the crucial thing. because he was black. "outfront" tonight, the political director for russell simmons serves on the board of dregor. michelle oliver is a co-creator of the hollywood hoothie campaign. and our legal analyst. great to have all three of you. i know you have different points of view. should the department of justice bring a case? >> i think they should open an investigation. is there a case? i don't think so. they should look into this investigation and make sure there isn't a case before th

we're awaiting the attorney general of the united states, eric holder. he's here in washington, d.c. he's over at the washington convention center. he's going to be speaking at this convention. you are looking at live pictures. these are sorority sisters. it's the 100th anniversary of the delta sigma theta founded at howard university. they are get ready to introduce the attorney general. we're getting ready to hear what he has to say. it's a sensitive, sensitive moment. the not guilty verdict coming out saturday night. but passions are clearly intense on both sides, on both sides. in sanford, florida, today, pastors are reaching out to the community. they are asking people to stay calm. ♪ churches in sanford and across seminole county in florida will be open for community prayers every monday we are now told beginning at noon. let's talk a little bit more about what's going on in the george zimmerman verdict. possible civil rights charges that could be leveled against them. our chief white house correspondent jessica yellin is joining us along with ou

. >> earlier this morning on cnn, state of the union, urged attorney general eric holder to file federal hate charges against zimmerman. he previously spoke about the bar needed for these type of charges in an interview last year. lets take a listen. >> federal hate crime we have to prove the highest standard in the law, something that was reckless, negligent does not meet that standard. we have to show there was specific intent to do the crime with the requisite state of mind. >> beth, sounds like an even higher standard than the one the prosecution faced with this trial which the jury said they did not meet. can you give us a sense of how likely these charge will be to be filed. >> when lou at the statute, a fairly new statute, acted after james birders matthew shepard's death. he was a gay man left to die in wyoming. james byrd, a black man, tied to a vehicle and dragged to his death, disgusting case. that is what motivated this law. the question in those cases that the victims were picked out because of sexual orientation or race. that has to be proven here. people say, yes, he did r

we understand from his office that eric holder, at the justice department, the attorney general, will be down at the naacp meeting which is taking place about 30 miles, i think from the courthouse and he wants to talk to him about that and about pursuing a civil rights case against zimmerman. >> all right. there's a big question of what that means going forward and what the justice department will do about it. clearly, coverage of the george zimmerman verdict and what that all means will be a big part of the show but who else do you have on? what else is coming up. >> we also have governor rick perry and pat quinn of illinois. governor perry ended the governor part of his career and everyone wants to know whether he'll run for president. he's also passed and will sign this week one of the strictest abortion bills in the country. you'll remember the democratic congresswoman from texas who held that filabuster but the second time around it passed. governor quinn has his own problem with the state legislature. there was also protests in chicago over the zimmerman verdict. lots to talk to

across town today, attorney general eric holder gave a luncheon for an african-american sorority. >> the justice department shares your concern. i share your concern. >> and he referred to the shooting as unnecessary. >> the tragic, unnecessary shooting death of trayvon martin in sanford, florida last year. >> some zimmerman supporters expressed disappointment that holder called the death unnecessary, since that would seem to suggest the highest ranking law enforcement official in the land may be rejecting the self-defense argument of the acquitted defendant, mr. zimmerman. zimmerman's argument thought it was, in fact, necessary to shoot trayvon martin and the jury agreed that that was at the very least a possibility. and what about george zimmerman? are more charges ahead? naacp officials tell cnn they have around 800,000 signatures on their online petition social security for the justice department to file federal civil rights charges against zimmerman. the web site was so overloaded with visits it crashed for a couple hours yesterday. the justice department opened an investigation

we could hear from attorney general eric holder today. he speaks before a group of sorority sisters here. >> trayvon martin's parents were not in the courtroom when the not guilty verdict was handed down but their lawyer says they're devastated and publicly expressing their shock and outrage. george howell is live in sanford, florida, with more on this side of the story. good morning, george. >> a lot of reactions. the statement from the white house to tweets from martin's family and also at the home church there in miami gardens, florida. with just two words -- >> not guilty. >> reporter: george zimmerman became a free man and for the family of the teenager he killed, devastation. martin's mother said in a tweet "lord during my darkest hour, i lean on you. you are all that i have." martin's father wrote, "even though i'm broken hearted, my faith is unshattered. i will always love my baby tray." the president released a statement asking the country to respect the jury's decision. we should ask ourselves as individuals and as a society how

>> and just days earlier attorney general eric holder addressed the nation's oldest civil rights group telling the naacp that stand your ground laws need to be changed. >> separate and apart from the case that has drawn the nation's attention, it's time to question laws that senselessly expand the concept of self-defense and sow dangerous conflicts in the our neighborhood. >> alberto gonzalez, good to see you. >> good to be in atlanta. >> how closely have you been watching the george zimmerman trial? >> i think like most americans, i had a great deal of interest in it. being a lawyer, being a former attorney general obviously, it's a case that's captivated the nation and has received a lot of media coverage and since i pay attention to what's going on in the media, obviously i have followed the case. >> and how did the verdict sit with you? >> i think based on the evidence as applied to the law, it made sense to me, and i think if you talk to many legal experts around the country, they will concur in that judgment. i understand that there's a great deal of dissatisfaction and angst abo