jim: grace for birdie. seeing those last two striding up the 18th fairway. how about the fact the first time we really got to know who jordan spieth was on a national level as we welcome those of you joining us at the top of the hour to the final minutes, the final major of the year, the 97th pga championship. jordan spieth, 16-year-old jesuit high school in dallas. qualifies for the byron nelson. he's within three shots of the lead on the back nine on sunday and finishes 16th, a tournament that was eventually won by jason day, his first win in america. nick: jason was very nervous on that day and he knows how to handle it now. moved to another stage. jim: little did we know these two would be resurfacing and be such a big future of the sport, as rose attempts a putt for par. nick: this is no fun this one. jim: to be a final-round 70 for justin. again, in all four majors made the cut. three top 10's, a second at augusta. it's either going to be here a share of third or fourth alone. [captioning funded by cbs sports [captioning performed by the which is responsible for its caption

handle it now. moved to another stage. jim: little did we know these two would be resurfacing and be such a big future of the sport, as rose attempts a putt for par. nick: this is no fun this one. jim: to be a final-round 70 for justin. again, in all four majors made the cut. three top 10's, a second at augusta. it's either going to be here a share of third or fourth alone. [captioning funded by cbs sports division] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] jim: sixth at the open championship. colin swatton. he'll keep him focused. clates numbers and -- nick: yeah, keep plotting exactly where you want to land it. no need to be looking at that flag at all. jim: grace for third. tonight on cbs begins with "60 minutes" and a monumental project 80 years in the making followed by a new "big brother," "madam secretary" and "c.s.i.: cyber." there's jason's wife ellie, who's from the outskirts of columbus, ohio, and their little boy dash. ellie is pregnant with their second child, expected to arriv

. ron. >> hey, jim, how are you? >> i have been better, ron, what's going on? >> all right. so this is a question about -- [ inaudible ] it has to do with hess. exxon found a big discovery and somebody is saying somewhere mean e 600 million to 1. million barrels testimony question is, is someone going to buy hess out or what is going to happen out there? >> a lot of people are expecting buyouts. we are more likely to get companies if bankruptcy. you can buy them in bruns. hess isn't one of thoechls. they did a lot of smart things. the annex of the oil company, if it goes down, that's kind of what happens. it goes down. i wish there were more to it. kurt in georgia. kurt. >> caller: jimbo, bud vasco, a company that provided authentication and digital solutions, vasco. it looks like it has a potential to grow. recently it took a nosedive after a class action lawsuit way announced. now the stock is trading around 17.50. the last earnings received overall positive in the company, what's your opinion on long term or short term? >> right now you understand i should have mentioned this at the v

-proclaimed religious paradise in guyana in south america. carved out of the jungle by jim jones, a man who called himself god. >> how very much i've loved you. how very much i've tried my best to give you the good life. >> who convinced his followers to kill their children and then kill themselves. >> let us be done with it. let's be done with the agony of it. >> drinking a kool-aid type fruit punch laced with deadly cyanide. >> something to put you to rest. oh, god. >> 30 years later in a place where words could kill and did, there is silence. an empty field, the people gone. almost no trace of their lives or dreams. this is the site of jonestown's open-air meeting hall where i'm standing right now, where the reverend jim jones led his followers into the worst mass murder and suicide pact in america's history. only small golden flowers grow where bodies once lay. on that fateful morning, there are more than 940 people living in jonestown. by nightfall, only 33 would still be alive. for most of the few who did survive, it took incredible courage to defy jim jones and step away. this is

it. >>> hey i'm jim cramer. my job to entertain, teach and put it in perspective. call or tweet me. >>> never forget what brought you down. never forget what can bring you back up, but people do, which is how this market could go into free fall with the dow plummeting 277 points before gaining senses and finishing flat. nasdaq coming back. most people don't step back and reason. for example, the oil stocks have been declining for days on end and widespread contention that oil complex was the single most dangerous group out there. then last night real "mad money" presented a clinical analysis negativity toward the group via the charts. good picturorals and observed climax low and then big bounce. most of you, according to my twitter feed seemed incredible o -- incredulous. wala, we had the biggest oil stock rally in ages. that's what i mean by clinical analysis. the dow has been down eight out of the last nine days. but like new oil this kind of settling can get over done. the s&p took another header last night. down 20 ticks when i got up. chinese wouldn't be this wreckless moving

color than ever before. jim: cbs sports' presentation of the pga championship is sponsored by -- bill: matt jones from the left rough. what kind of lie is this, david? david: the lie is ok but from this side he's going to have to run this in like a links shot. always difficult. actually played it very well. very difficult to get it close from there. bill: and it's going to end up on the right side. left hole location. jason day hit a terrific drive. 308. now has 80 yards left. david: and he's in the right spot here. the right-hand side of the fairway. he can throw this in and spin it. bill: that has been the popular play today. asking for it to spin but it hops over the ridge. david: just went two feet too far. bill: just beyond it. so that will be a challenging birdie effort upcoming. 14. verne: tony finau for birdie. back to 12 under. and he trails jason day by two. to 15. frank: jordan spieth in the rough. flag. trouble left and right. that's well done. there have been just three birdies at 15 today. golf course. unthinkable. there's only two players really that have won three majo

fact that i like sweets. jim brush and allison sloat were partners in life and in the pie company. their pie won a ton of awards, but the business lost money. and they were several hundred thousand dollars in debt. there's a lot of places to get key lime pie in key west. what are the ingredients? jim: it comes in one-gallon pails. it's already reconstituted. lemonis: their pie was good, but there was nothing that special about it. jim: and we put a whipped topping on it. lemonis: and what is that made of? jim: that is a powdered product. lemonis: and it definitely was not homemade. you guys don't make your own crust? woman: no, we don't. lemonis: and they had also opened up a second store that was bleeding money. how much business will this store do? jim: this store is probably losing about $20,000, $25,000. lemonis: but the biggest problem might have been jim himself. he was definitely resistant to change. jim: you're telling me you're closing the store? -lemonis: that's right. -jim: okay, that's enough. you're out of here. you're gone. lemonis: and, honestly, he seemed to have a

ever before. ♪ jim: cbs sports' presentation of the pga championship is sponsored by -- bill: matt jones from the left rough. what kind of lie is this, david? david: the lie is ok but from this side he's going to have to run this in like a links shot. always difficult. actually played it very well. very difficult to get it close from there. bill: and it's going to end up on the right side. left hole location. jason day hit a terrific drive. 308. now has 80 yards left. david: and he's in the right spot here. the right-hand side of the fairway. he can throw this in and spin it. bill: that has been the popular play today. asking for it to spin but it hops over the ridge. david: just went two feet too far. bill: just beyond it. so that will be a challenging birdie effort upcoming. 14. verne: tony finau for birdie. back to 12 under. and he trails jason day by two. to 15. frank: jordan spieth in the rough. 222 yards all the way to the flag. trouble left and right. that's well done. there have been just three birdies at 15 today. it's the hardest hole on the golf course. he's trying to do

. host:recommitmented to every ci he neighborhood too. host: and now joining us is jim amoss from the tao "the times-picayune" newspaper. what is the significant of this 10th anniversary? guest: the importance for us is it's a milestone we've always looked forward to we've always been told when our reporters when to other disaster areas right after katrina that you will measure your progress at that 10-year mark. that will be your yardstick. and you'll be able to see whether you've made significant progress as a community. and indeed, we have. by most measures. certainly by the measures of education of our children and by economic developments, the growing entrepreneurial class in new orleans, of course, many areas that new orleans as a very poor city still has a lot of progress to make. but i don't think anybody in the morning hours of august 29 and e days after that would have -- would have reasonably expected that we would come as far as we have come in these 10 years. host: where were you on august 29, 2005? guest: i was in a sleeping bag in my newsroom, not sleeping, however. because the storm

little bit? jim: sure. we have a few across the state, about 20 or so in the new orleans area. the travel sites are further folks who do not have a personal site set aside. if they are renters are other side is not suitable for red -- or trailers, they are eligible to be placed in a group site. we established a these and various locations around the city. reporter: what is the estimated time folks will be living there jim: that is a good question. the ideal a temporary housing is that folks will be there for 18 months. they given the size and breath of this disaster, we will have to revisit that at the end of 18 months. generally speaking, we would offer the applicants the option of renting the travel trailer from us. we will just have to see when the time comes in february where we are in the rebuilding and recovery process. reporter: it is -- is it possible to go in one of these? jim: as i said, these are for first responders. there may be a policeman off shift. don't mind knocking on a door in seeing if somebody is home and talking them -- talking with them for a moment. but we

about the fed's central role in the latest market stability. we'll be joined by jim grant of grant industry. don't go away. ♪ olivia: welcome back to the bloomberg market dafmente we are one hour into the trading session here in the u.s. it's time to get you caught up on the market action around the world. i want it start in asia. shanghai's deposit jumped more than 5% by the close today. with all the gains coming in the last 45 minutes of trading. according to people familiar with the matter the late day rally was sparked by chinese government intervention. meanwhile, the collateral damage from china's turmoil continues to be felt in hong kong where initial public official are the world's worst performers so far this year. >> hong kong's i.p.o. market started 2015 with its trade market philosophy best start to a year in fundraising in at least a decade. with a notable upparticular. but it quickly went from first globally to worst. as china's $5 trillion set n analysts say the i.p.o. market will feel a lasting impact from the selloff. and that is a key risk to china's ambition to

ever before. ♪ jim: cbs sports' presentation of the pga championship is sponsored by -- bill: matt jones from the left rough. what kind of lie is this, david? david: the lie is ok but from this side he's going to have to run this in like a links shot. always difficult. actually played it very well. very difficult to get it close from there. bill: and it's going to end up on the right side. left hole location. jason day hit a terrific drive. 308. now has 80 yards left. david: and he's in the right spot here. the right-hand side of the fairway. he can throw this in and spin it. bill: that has been the popular play today. asking for it to spin but it hops over the ridge. david: just went two feet too far. bill: just beyond it. so that will be a challenging birdie effort upcoming. 14. verne: tony finau for birdie. back to 12 under. and he trails jason day by two. to 15. frank: jordan spieth in the rough. 222 yards all the way to the flag. trouble left and right. that's well done. there have been just three birdies at 15 today. it's the hardest hole on the golf course. he's trying to do

show host jon stewart and cnbc host jim cramer. >> people staying in hotels are wondering why it is on the cover of their free paper. tonight the week-long feud of the century comes to a head. cramer stewart in a 12 minute face-off that could marginally increase the very rate comedy central charges for 30 seconds of advertising time. welcome to brawlstreet. get ready to buy low and sell guy. (cheers and applause) >> jon: welcome to the daily show! i just dislocated both my shoulders. (laughter) >> jon: i'm jon stewart, baby. it's go time! (cheers and applause) in just a few moments of host of cnbc's "mad money" with jim cramer, jim cramer -- he's sitting right there -- and i jon stewart of the daily show with jon stewart, i will be sitting where i'm sitting right now. (laughter) >> jon: probably not going to be moving. we'll be discussing the intricacies of the world financial markets. as you can imaginative's been training all day. >> what does pe stand for. >> how many stocks in the dow. >> 30. >> biggest software kpon ept. >> microsoft. >> biggest hardware component. >> u.s. stee

ever before. ♪ jim: cbs sports' presentation of the pga championship is sponsored by -- bill: matt jones from the left rough. what kind of lie is this, david? david: the lie is ok but from this side he's going to have to run this in like a links shot. always difficult. actually played it very well. very difficult to get it close from there. bill: and it's going to end up on the right side. left hole location. jason day hit a terrific drive. 308. now has 80 yards left. david: and he's in the right spot here. the right-hand side of the fairway. he can throw this in and spin it. bill: that has been the popular play today. asking for it to spin but it hops over the ridge. david: just went two feet too far. bill: just beyond it. so that will be a challenging birdie effort upcoming. 14. verne: tony finau for birdie. back to 12 under. and he trails jason day by two. to 15. frank: jordan spieth in the rough. 222 yards all the way to the flag. trouble left and right. that's well done. there have been just three birdies at 15 today. it's the hardest hole on the golf course. he's trying to do

they get better around here. a am in florida. adam. >> caller: hey, jim. how are you? >> all right, adam. how about you? >> caller: i'm doing very good. very excited to be on your show. so my question is my grandfather put 5,000 shares of ett in my college fund and he passed way in december 2014. since then the stock is down almost 20 points per share. what do you suggest i do? >> i think you should actually do what my charitable trust did right here, i would actually buy more. why? because they had a report last week that but stellar. they beat the numbers. they can raise the distribution. we do need people in this country. particularly natural gas pipe. that's what etp specializes at. the stock has been unnecessarily penalized by people thinking anything in the oil and gas market is blowing up. buy, not a sell. jack in florida. >> caller: boo-yah, jim. >> boo-yah, jim. >> caller: i'm doing my homework on csx. the old ceo bought two gas and oil companies a while back, looked like a bailout to me. but i want your opinion as to whether you think they have a 50/50 chance of going wit

of defense. >> james webb, otherwise known as jim webb. jim webb has been involved in politics in government in some form or another since the 1980s, since he was ronald reagan's navy secretary. he came to that job as a decorated vietnam war veteran. jim webb had a hard war in vietnam as a u.s. marine. when he came home and he wrote about it, his vietnam books were really, really good and really well received. his novel "fields of fire" i will tell you is a masterpiece. really, if you have not read it, you should read it, it is worth it. it is an amazing book. jim webb came home from vietnam. he became a prolific and very accomplished career as a novelist. but in 1987, jim webb was tapped by ronald reagan to become secretary of the navy. and for jim webb, that lasted all of about a year. >> good evening. who would have believed it. president reagan's defense secretary being criticized by one of his own for not spending enough on defense. navy secretary james webb, a decorated vietnam war veteran, best-selling author and one of the brightest young stars of this administration resig

accuracy. visit ncicap.org] jim webb does is 20 minutes. he becomes the first democratic candidate to speak at the iowa state fair. the des moines register political soapbox. they heard from mike huckabee earlier. jim webb here. and later today, democratic candidate martin o'malley of maryland. opening up the phone lines to get your thoughts. we expect to hear more from jim webb as he makes his way out of the soapbox area. the numbers are on the screen. he started off his comments talking about his vietnam war. . -- webb not only served in his vietnam war experience. jim webb not only served in the vietnam war, but also as the u.s. navy secretary in the reagan administration. he wrote about his experiences in the beirut war. he is a former senator from virginia serving one term for the commonwealth. he married -- he is married with six children and enter the race this summer on july 2. we get underway here on c-span with our road to the white house coverage today, this weekend, and into all next week with the iowa state fair. we expect to hear more from jim webb in a bit. carol,action

." jim. >> thank you, chad. >>> the new jersey turnpike has reopened in cherry hill after a brief shutdown this afternoon. authorities say just before noon, a contractor struck a pse&g gas line at a nearby demolition site on woodcrest road. officials closed the turnpike between interchanges three and four as crews capped the line and secured the scene. the turnpike reopened about an hour later. >>> high levels of carbon monoxide forced evacuations at an assisted living facility in hockessin delaware. it happened at 8:30 at the coax bury assisted living facility on the 700 block of loveville road. firefighters say the problem was caused by a boil they are backfired. five residents were taken to the hospital as a precaution. everybody else was let back into the building at 3 o'clock. >>> pennsylvania attorney general kathleen kane is expected to surrender tomorrow. kane is facing criminal charges. prosecutors say she leaked information about a grand jury investigation and allegedly lied about her actions under oath. sources tell "action news" that kane will turn herself in tomorrow

tomorrow at 5:00 for more "fast money." meantime, "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. >>> hey i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you money. my job is to put it all into context and teach and coach you. call me at 1-800-743-cnbc and tweet me @jimcramer. today is a classic example of why i hate big openings. i warn you never to bite on them including this morning's enthusiastic come back. it's why i urge you never to reach for stocks. not to chase them up high. when you chase you get burned. the dow opened up 360 points and then the market went into a tail spin late in the afternoon. dow sinking 205 points. s&p plunging so beautiful all day and nasdaq declining .44%. it was if biggest downside reversal since the financial crisis. we didn't have the ingredients as stocks rallied off the openi opening

. welcome back to "mad money." good to see you, jim. >> good to see you. >> have a seat. >> your company is figuring out how many electricity you can get out of a particular piece of material and you keep breaking records. what does it mean for the customer? >> what it means for the customer is that for every panel they purchase, they get more energy out of ththat panel, the more energy at a smaller footprint and at lower cost. last i was here, we committed to an aggressive technology roadmap and there were critics if we would deliver and we've delivered what we said we were going to do. and we are not done. we have new records that will flow through the production line the next several years the same as we did in 2012, 2013. so, we start at the core of the company with a commitment to the technology and then we try to integrate beyond that and capture the profit pools. >> as much as the technology company you are, there are a lot of financial players that are interested and this morning, i saw edison and goldman sachs, why is the industry aligned with solar. >> as you well know, the energy

if trump was here and pretty of all of whom seemed >> larry: tonightly, jim gilmore is running for president. and here's where i read your minds because you all just thought, who the (bleep) is jim gilmore? joe biden butz out his feelers for a presidential run. it's the first time in years his feelers have actually been used appropriately. and the boy scouts of america finally ends its ban on gay scout leaders. great. so it's a big year for gays who like to tie knots. >> time for the nightly show. let's do this! captioning sponsored by comedy central [ cheers and applause ] >> larry: oh man. welcome to the nightly show. such a good audience. i am larry wilmore and man i am so excited you guys. i am so excited. you know what i am talking about. we are a couple of days away from the first gop debate which means it's time to check in on what is happening with the unblackening. >> okay. let's take a look at the newest candidate who is trying to denegrofy the white house. >> former virginia governor jim gilmore is the newest contender in the republican presidential sweepstakes. >> sweep

a year? >> jim mentioned complacency, judge, that plays into the vix and the big explosion we've seen in the volatility metric. you've got currency wars in china moving 5%, 6% a day. you've got downgrades of big-cap stocks, technicals breaking down, jim chanos on the halftime report. there's a whole bunch of reasons that the market -- >> don't blame me for this. and it is great to have his perspective, this is a guy that's been very right about a number of things, including lng and i don't just mean cheniere, i mean chevron and things like that and some of the stocks just in the last few weeks, judge, are down 30%. >> we've looked, steph, it's remarkable when you look at the number of stocks and the names that are in bear market territory across a wide swath of sectors. we said that tech, a large number of tech is in bear market territory. micron, sandisk, applied materials, yahoo, those stocks are at least 30 to 35% off of their 52-week highs. >> and they were some of the biggest leaders over the last couple of years, right? so people are certainly taking profits. so i think tha

this morning, james mccaw and -- jim a coin. -- jim mccaughan. we start the week with three or four topics, but the elephant in the room's commodities. how will that affect the rest of the markets? jim: commodities are in pretty severe oversupply. it is often talked about as if it were about weak demand from china. it is not really. what is happening from the commodity super cycle is an enormous amount of production. you are so good at is linking the financial into the commodities. when do the margin calls start that get the sweat going to outside things, exogenous things that shocked us? jim: the reason why negative commodity prices tend to lead in the short-term is exactly that. it is margin calls. margin calls caused financial pressure on traders, and when that happens, you end up with a market that is down temporarily. it is a buying opportunity in the more sound equity markets like the u.s. tom: is that true today, this morning? jim: absolutely. lower commodity prices are good for the 80% of the economy that is not commodity producers. the consumer recovery is very slow. we saw

were killed this morning about 6:45 a.m. jim cavanaugh is on the phone with me this morning. what is this all about? >> yeah, jose, this is horrible. a cameraman and reporter killed in virginia. i know that area of virginia well, been through there many times. it's southwestern virginia, it's kind of a lake area. there's malls and it's a nice rural style community, small stills there. you know, it sounds like they have all of the officers there, the deputies and state troopers but they've got to find the shooter. this is the critical thing. they've got to get the descriptions from the witnesses and got to find out who this person is. this is a place where a person is going to get to the scene by car, not like a manhattan environment where people can traverse on mass transit or through the crowd. you're going to have to get away by vehicle. so they are going to have to find a description of the shooter, description of the vehicle, you know, and try to track this person down because the urgency, of course, is that the man has gotten away and this is tragic, tragic for -- >> horrible

author jim rasenberger discusses milestones that shaped america. he spoke about the ford model t, the right brothers' first flight. we will also hear about how americans view technology in 1908. this program is about 45 minutes. tonight i had the distinct pleasure of introducing jim rasenberger. he was a former computing editor at "vanity fair" and a frequent contributor to the "new york times." ger joins us to discuss his latest work, "america 1908." publishers weekly has said of the author, he renders 1908 as a series of snapshots and his camera never blinks. please join me in welcoming jim rasenberger. [applause] jim: thank you for that introduction and thank you to barnes & noble for hosting this. above all, thank you for all of you being here tonight. today is the official publication date of the book, so i'm especially honored to have all of you with me. the book, as you may have gathered by this point, it's about america 1908. [laughter] it, part ofind of the idea, anyway, that as we stand on the threshold of 2008, the year i think most was will inee will be fairly critical set

familiar, from what we've talked about. what has been your experience, you and john? >> well, jim had -- this was jim's second capture, if you will. he had been in captivity for 44 days in libya, and -- which in retrospect was so brief, but at least there his capture was -- had been witnessed by a "new york times" reporter. and we knew he was held by the government. and, thus, the state department took the lead rather clearly in that case. and we were in touch with the state department. actually, it was another person who got him out, but nevertheless, the state department was in touch with us. the second time was very different. because we had no idea who had taken jim. he did not report back to his colleagues on thanksgiving day, and we received a call from another freelancer, who had been awaiting his return, that jim didn't show up. that they had been stopped at gunpoint and captured. so, we -- we didn't know what to do. it was just surreal that this would happen again. and jim was freelance, so he had no organization, if you will, behind him, to come and take care of things,

little bit? jim: sure. we have a few across the state, about 20 or so in the new orleans area. the travel sites are further -- for folks who do not have a personal site set aside. if they are renters are other side is not suitable for trailers, they are eligible to be placed in a group site. we established a these and various locations around the city. reporter: what is the estimated time folks will be living there ? jim: that is a good question. the ideal a temporary housing is that folks will be there for 18 months. they given the size and breath of this disaster, we will have to revisit that at the end of 18 months. generally speaking, we would offer the applicants the option of renting the travel trailer from us. we will just have to see when the time comes in february where we are in the rebuilding and recovery process. reporter: it is -- is it possible to go in one of these? jim: as i said, these are for first responders. there may be a policeman off shift. i don't mind knocking on a door and seeing if somebody is home and talking with them for a moment. but we do need to res

that? let's go to roger in california. roger? >> caller: hi, jim. boo-yah. thanks for all you do for us. >> thank you. >> caller: my question is about hewlett-packard, ticker hpq. >> yes. >> caller: they are going to be splitting into two companies, hp enterprise and the other one is pcs and printers. i read your book, get rich carefully and in it you state that sometimes when companies split up, the parts are worth more than the whole. do you see this happening with hp? >> i've got to tell you, roger, i think the quarter is going to be bad. that said, the stock has been horrendous. so it's a possibility that you could make money on the breakup but i'm not going to recommend it because i have so many breakup situations that are positive that i don't need one that i am tepid on. john in florida, john? >> caller: i'm starting to question the value of reading annual reports that come out three and four months later. it appears to me it's almost like reading a mutual fund, past performances no longer indicative of future performance. especially now with everything focused on guidance

"mad money" with jim cramer starts right now. >> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there is always a bull mark somewhere and i promise to help you find it. "mad money" starts now! hey, i'm cramer him welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to coach, to teach and educate. so call me at 1-800-374-cnbc. how the heck can we go higher when oil is up three bucks and change. how do you make sense of a front seat/back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully? with the dow climbing 369 points, the biggest two-day gain since december, 2008. s&p pole vaulting. nasdaq rocketing 2.5%. aren't we supposed to want to roll costs down and down and down some more? not up huge as they were today? i know it's tough to explain how oil is spiking, almost 10% the biggest one-day move in six years. it will be a positive. today it was certainly hailed by investors as a big one. let's go

. we learned jim janus is shorting the company. we will talk about that in a moment. matt: plunge in the global stock market is raising questions about when the fed might raise interest rates. implied probability of a fed move in september has dropped substantially to 32% based on fed funds futures, and incredibly important number. exty: of course, the fed closely at inflation and unemployment in the u.s. but how much weight will they put on other factors? joining us from chicago is jim paulsen, chief investment strategist at wells capital management. also in new york is the person we have been talking to offscreen, mike mckee, our bloomberg economic editor. because weu, mike, have seen expectations ratchet down. matt: how important is the fed funds rate? mike: it is not important. don't pay attention to it. it does not tell you what the fed is going to do. it is telling you what investors think the fed is going to do, and we are a month away from the decision they have to make. betty: why is it not important? ke: unless you are trading on it, it is like a parlor game. we will know m

an enemy of the state which continued during the jim crow regime and arguably continues today and help to shed light on this enormous rise in police killings that has taken place in baltimore, north charleston, cleveland, ferguson, staten island, and elsewhere. grasped, until that is we will have difficulty understanding what is going on with regard to the black population in the united states of america. host: our phone lines are open democrats, and, independents. professor horne, how did we get to that point in terms of improved race relations? you talked about the disparity between black and white neighborhoods and the issues in ferguson and baltimore with white officer's killing unarmed black men. guest: i think some of the things being discussed now in terms of reforms, police training, body cameras on officers, need to be limited. i do think it would be wise if the united states were to immolate south africa after apartheid which have a reconciliation commission to investigate the ravages of apartheid and try to come up with remedies. as real fromates slavery to jim crow tod

-off by spanish authorities. but, jim, despite that, he was able to board a high-speed train armed to the teeth, apparently civilians. but he picked the wrong train. >> axelrod: charlie d'agata in france tonight with a story of some real american heroes. thank you. tonight at least 68 large fires states. all told, nearly 1.5 acres are being consumed. washington state is having its worst fire season ever. as carter evans reports, part of the challenge now, finding fires. >> reporter: there are now so many fires in central washington that even 3,000 firefighters on the ground are not enough. there's now an unpress volunteers. >> this is a first for us, the first we know of in the nation. >> reporter: joe smislee is with the washington department of natural resources. he's giving them a crash course on fire safety. what are they going to be doing? >> they're going to be chopping down trees with large pieces of." >> reporter: this morning around okanagan, the wind temporarily subsided replaced by a choking layer of smoke. everywhere. dozens of homes have already burned to the ground, a

chairman, jim bankoff. never a dull moment. matt: i want to get straight to a look at the markets after the route we saw on tuesday, the big turnaround yesterday, we are now seeing gains. green arrows across the board. 289, the00 up to nasdaq up. let's take a look at the treasuries. a bit of selling in the 10 year. the yield raising three basis points. the long bond yielding 2.84%. a surprise from greece. the government says the economy unexpectedly grew .8% in the second quarter. economists had forecast the economy which rank. the greek economy had been crippled by months of haggling over that bailout. the greek parliament is preparing to vote on that new bailout package. the draft bill includes new spending cuts and tax increases. the rest of the eurozone also has to approve the deal before greece can unlock more than $90 billion worth of aid. matt: mark: china is trying to restore calm, signaling support yuan.he authorities held a rare news conference saying there is no basis of the currency depreciation to persist. china says we will weaken the currency a little bit. going for

you and coach. call me at 800-743-cnbc or tweet me @jim cramer. >> i'm slinging the ball and bringing on the bear! like today where the dow dropped 115 points and the s&p sank 8.4% and the nasdaq tumbled more than 1%. oh, we parsed every word from every fed official hoping that any minute now we would get confirmation that the fed would tighten and then we will be crushed! [ screaming ] >> but what if it already happened? what if we're already in a bear market at least for so many stocks? so even if the fed tightens there's not as much down side as we think. what if we saw something akin to the lows last tuesday when the market was crushed after they tried to rebound following serious declines and however it was closing down 11% for the year after the worst august in five years where the declines have been relentless, don't you have to start asking yourself, maybe the bear market is already here? aren't we further along on the down side than many think especially from the more bedraggeled energy stocks? maybe they're coming back and maybe they've hit rock bottom that the loss

funny man, craig robinson is with us tonight. [ cheers and applause ] he stars on the "the jim gaffigan show," which airs on tv land and netflix new, "wet hot american summer," michael ian black joins us. [ cheers and applause ] the great michael ian black. and tonight, i'm very excited about this, you guys, we're gonna be making milkshakes with the owner and chef of "milk bar" right here in new york city, christina tosi joining us. [ cheers and applause ] we will be back with more "late night" after this! [ cheers and applause ] hey nice game today. thanks. juicy fruit? sure i'll try a piec.... juicy fruit. so sweet you can't help but chew. pain from your day can haunt you advil pm gives you the healing sleep you need, helping you fall asleep so your body can heal as you rest. advil pm. for a healing night's sleep. i can't find my discover card! wait, i can freeze my account. [touch tone] introducing freeze it, from discover. it allows you to prevent in seconds if your card is misplaced. not here... and once you find your card, you can switch it right on again. hey...you're ba

-800-743-cnbc. or tweet me @jim cramer. sometimes we get days like today. where people just say, i have had it. i want out of here. >> sell sell sell sell. >> and that's pretty much the instinct behind the sell-off. the nasdaq nosediving 1.62%. yet, people want to sell pretty much everything right now. particularly high growth. or maybe everything except what's being going down endlessly like oil where the stocks bounced. even as the price of crude failed to do so or herbalife that finally caught some lift. what's going on here? i think this market is changing the collaration. i think the vast majority of portfolio managers are fearful of buying the dips. it's too frightful to do so. let me explain. for the longest time ever since the market bottomed over six years ago if you decided to buy some down and out merchandise, you wanted to pick at some value or grab some growth stocks, they were bounced around by extraneous events, you did well. in fact, the best strategy this year has been to wait for the stock of the company you like to come down to the bargain price and buy it. buying opp

margaret mitchell house in atlanta, jim auchmutey, former reporter and editor at the atlanta journal constitution looked at civil rights, race relations through the lives of students at a world georgia high school 41 years after graduation. >> the washington -- >> good evening. i am sheffield hale, welcoming you tonight. we are thrilled to have you here. we have a couple ground rules. put your phones on silent or turn them off. secondly, questions afterwards, please stand up so they can get the boom mic to you. this is a great book. i wondered why i didn't read this earlier. all about a family. my mother was from georgia, a third generation graduate of american high school, she graduated in 1950. after leaving america's high school she went to sweet girl college, where she had a friend of hers, and exchange student and one day she said aren't you from america's? tell me what it is. my mother said i never heard of it. she learned about it from somebody from scotland. she was a little bit upset and ask my grandfather to take her out and my grandfather was an atlanta republican tight an

, if race is part of it, we explore it as completely as possible. >> ogletree: and, of course, jim amoss, you're the managing editor of this paper. what do you think about keith's interpretation of what's going on here? >> i wouldn't want the newspaper to create a racial dynamic that isn't there. and i would like to hear it out of the mouths of the participants and not out of the mouths of the reporters. >> ogletree: well, tell him-- >> maybe i'm hearing it already and they're just not using those words. and i'm just wanting to make sure, because i've got a lot of experience in this area, and--i've got a lot of experience, and we as a newspaper have had a lot of experience in hearing people speaking in code. and if i wait for them to say it, we may miss that story. we may be behind it and covering it once something blows up. >> well, but i'm just saying, don't accept their code at face value, and don't let the reporter decode it on his own and maybe put an interpretation on what's being said that perhaps isn't meant by the speakers. >> but is it okay if i, in my coaching of steve,

. some say resem building talks during the jim crow era. we have the story. and some of these images you see are disturbing. [ chanting ] >> reporter: dash cam and cell phone videos strikes at a wound. for generations parents warned black children tread carefully around white authority. >> i don't believe caucasians have the same conversations. >> reporter: this sergeant has been with the police department for 25 years. son. >> i have a 17-year-old son. i feel bad, but i have to have those same conversations with him on what he needs to do. if he's had an interaction or officer. >> reporter: the talk about brutal treatment of slaves and later their descendants during the jim crow area. lynchings by white mobs were so common to make the talk a mart of life and death. this is a harvard sociologist of education, her research focused time. >> so lynchings that occurred between 1880 to 1946, they occurred because breeches of racial etiquette. >> reporter: images were mortalized in songs, like "strange route", performed by billy halliday. ♪ black bodies swinging in the breeze ♪ ♪ cha

journey in the fight against jim crow began. >> come by here my lord ♪ ♪ come by here >> and here, a local woman barrel known outside her alabama home town became the image of bloody sunday, seen around the world. ♪ oh lord come by here >> amelia bitcoin clearly recalls the terror that day. as officers tried stop the marchers demanding the right to vote . >> beating them with sticks, with billy clubs, anything they had. they began to beat them, the people, and they did everything they could to get the people to run back, while they were beating them. >> reporter: on the peddis bridge, amelia bitcoin faced the renegade sheriff. >> he hit me on the back of my neck, the back ever my shoulder. and it hurt, but i didn't know what to do. ad no idea what i circulate do. then the second hit felt me. elled me and i fell to the grown. that ground. i was unconscious. >> an officer pumped tear gas into her nose and mouth. >> then somebody came and said to the state trooper, there's somebody dead over there. and he said, "somebody's dead if anybody's dead, we're going to let the buzzards eat th

>> axelrod: good evening. i'm jim axelrod. we begin tonight with republican presidential politics, which these days means the latest on donald trump who is now dominating event where's he's not even appearing. mr. trump was originally scheduled to be the keynote speaker tonight at the annual redstate gathering in atlanta, influential conservatives, but that was before he seemed to suggest that a female debate aggressively because she was in a hormonal-induced bad news. the suggestion was too much for the orger of the gathering who promptly disinvited trump. as julianna goldman reports, once again, this leaves other republican candidates answering questions about donald trump. >> you've called women you don't like fat pigs, dogs. >> reporter: the latest uproar was sparked when donald trump tried to defend his dismissive treatment of fox news moderator megyn kelly. >> i've been very nice to you, although i could probably maybe not be based on the way you have treated me. >> reporter: but he only added more fuel to the fire. >> reporter: erick erickson, the orger of today's redstate gatheri

valley's leading news program with jim gardner. >>> so long to our second baseman. he has been the star of the phillies franchise for year on a team wing the world series. and loved for his attitude on and off the field. but tonight chase utley is changing teams. wednesday night, jim will be along shortly from argentina. i'm monica malpass. the big story is it chase utley traded to the l.a. dodgers just minutes ago. let's go right to "action news" sports director ducis rodgers for details. >> the trade went official about 15 minutes ago. chase utley, one of the best and most popular players in franchise history played his last game in a phillies uniform. he spent 13 seasons here. a six-time all-star. here are the details. utley and cash go to the los angeles dodgers for outfielder darnell sweeney and right-handed pitcher john richy, both minor league players. and chase utley had full no-trade protection in his contract. and he agreed to the deal, he is from southern california so this is a move home for him and his family. he's also going to a team that plays in first place. the do

program with jim gardner. >>> it is wednesday night, and the big story on "action news" tonight is a spectacular truck crash on the new jersey turnpike. the collision sparked an explosion and fire near exit 9. in east brunswick, one of the trucks was carrying paper, the other was transporting medical supplies. we have been getting video of the crash from viewers at the scene. the crash happened at 8:00. police quickly shutdown the northbound side of the turnpike and traffic was backed up for miles. they have only recently reopened a couple of lanes to traffic. both drivers suffered minor injuries. one of them being this driver whose clothes caught on fire as he ran from his burning vehicle. witnesses came to his aid. he will be ok. >>> she is the top law enforcement officer in the common wealth of pennsylvania, but she is also an alleged purger, obstructor of justice. and her first public comment came today. she insists that she is the target of a grand plan by prosecutors and judges. according to kathleen kane, it all starts with pornography. "action news" reporter, sharrie williams

severity of the injuries are. i want to bring in jim cavanaugh, a retired atf special agent in charge and joins us on the phone. jim, you know the nashville area quite well. and i just want to sort of get your thoughts from what you've heard so far. it almost seems as though this gunman was inside the theater with a gun but we do not know if that gun was discharged on victims. we don't know if there's injuries or severity and the s.w.a.t. team did go into that theater. what do you make of the situation from what you have heard? >> sounds from what don aaron said, the public information officer for the nashville police, with that south patrol officers and the precinct is not far away and heavily patrolled area, that theater area, right off i-24 in south nashville. always a lot of patrol cars there and south precinct officer got in quick and encountered the gunman and looked like they might have exchanged some rounds and then the patrol officer backed away and metropolitan s.w.a.t. came in and killed him. they have a very, very good professional s.w.a.t. team there and the patrol is quick o