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tv   Way Too Early With Willie Geist  MSNBC  June 7, 2012 2:30am-3:00am PDT

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playoffs? it's "way too early" for this. good morning. i'm willie geist. this is "way too early" the show feeling much better this morning. the crew in the studio can remove the hazmat suits. guys, we're all clear. i'm glad you are up with us watching on msnbc or listening live on xm sirius. e-mail me or tweet me or do what silvertine navy s.e.a.l.s. do and text the word awake to 622639. the next 30 minutes will be your cram session for this thursday, june 7th. a lot to tell you about, including the head of nasdaq issues an apology for the botched roll-out on that facebook ipo. we'll let him explain it. plus, stephen colbert tries to celebrate scott walker's victory over organized labor in wisconsin. but runs into a little trouble
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with his crew. they are union guys, you see. that clip later in the show. first, let's get to the news live at 5:30 a.m. here at 30 rock in new york city. house minority leader nancy pelosi is asking speaker john boehner to call off next week's congressional recess so members can continue to work on everything from student loans to the highly charged debate over taxes. president obama says he has no intention of extending tax cuts for the highest earning americans first signed into law by president bush and renewed by president obama in 2010. on yesterday's "morning show," larry summers, complicated the president's message a bit when he warned against any sudden moves that could put the brakes on the economy. >> the real risk to this economy is on the side of slowdowns. certainly not on the side of overheating. and that means we've got to make sure that we don't take the
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gasoline out of the tank at the end of this year. that's got to be the top priority. we've got to make sure that we keep providing energy to the economy. and the areas where we've done that, like manufacturing, with support for the automobile industry, we haven't had great results but we've had much better results. >> later mr. summers released a statement clarifying his position. i fully support president obama's position on tax cuts, extending the high income tax cut does little for demand and poses substantial problems of fairness and fiscal prudence. the comments follow a recent interview with bill clinton where the former president appeared to break with the white house. and the question of renewing the bush tax cuts only later issuing a clarifying statement of his own. it's getting republicans an awful lot to talk about. >> president clinton not wanting to further undermine our economy recommended a short-term extension of all of the tax relief. >> obviously, president bill clinton gets it. he knows in this economy you should not be raising taxes on
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anybody. >> it's the same argument, actually, that former president bill clinton has been making and that is that we need to extend these tax rates. >> even bill clinton came out for it, before he was against it. >> clinton's camp has been careful to say he meant a deal on spending cuts likely wouldn't be ready until 2013. the former president also weighing in on his recent comments why he praised mitt romney's business career as sterling. >> i didn't have any idea when i was giving that answer that i was wading into some controversy in the campaign because i haven't seen the ads. i'm not following it. i'm not really part of it. but you'd have to know about a specific case to know whether it was a good or a bad thing. but there are a lot of good people in that business doing good things. that's the point i was making. >> president clinton talking about private equity. clinton followed his original statement about romney with a harsh indictment of republicans' policy ideas saying they would be, quote, calamitous for our country. wisconsin governor scott
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walker is vowing to improve ties with democrats following the state's bitter recall election, even as a national political battle heats up over the significance of tuesday's vote. the white house is playing down the implications of walker's victory but conservatives say it's a game changer for the country. here's former florida governor jeb bush yesterday on cnbc. >> he's a kraujocourageous lead was reward forward courage. in a world of dysfunction it's good a guy like that who had the courage of his convictions and acted on them is regawarded wita victory. the intensity of the conservative side of politics is now stronger than the liberal side. >> it was union anger, of course, over the stripping of collective barringaining rights that forced scott walker into the recall. former governor bush says the plan backfired and walker's wide margin of victory will be a significant blow to unions aepss political clout going forward. >> it's a spanking because they
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made it that way. they raised the stakes. they made this a national campaign. all of the leadership, debbie wasserman schultz and the union leaders all said this was all roads lead through madison basically as it relates to the national campaign. and so now they can't reverse that. this was a national statement. >> as we told you yesterday morning, exit polling from wisconsin showed voters favoring president obama over mitt romney in a general election, but governor walker says his state now will be very much in play come november. >> i think it will be a competitive in wisconsin. the key for governor romney to be competitive enough to win is he has to lay out a clear platform. something similar to what paul ryan has done just down the way coming out of janesville. if he does something like that and makes a compelling case, then he's willing to take those risks that get america back on track for our kids and our grandkids. he can win. >> remember president obama won wisconsin in 2008 by 14 points.
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as far as state politics go, governor walker hopes to get together next week for burgers and brats with some demratocrat. yesterday's 286-point surge welcomed news to wall street following big losses in four of the past five weeks. let's see what's behind all of that as we take an early look at the markets. steve sedgwick is leave in london. steve, good morning. why the jump? >> yeah, very good day to you. as you say, we had this 6% fall in may. i guess some people saying, it's overdone. volume was okay yesterday. over 7.5 billion shares traded, way above the nearly average around 6.8 billion. decent volume in in. it's more on hope than anything else. hope that on both sides of the atlantic, the ecb and indeed at the federal reserve we may see some stimulus coming through from those central banks. even though the ecb left its rates unchanged, there is
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expectation that they could cut rates at the next meeting. and the hope is that the message coming from those such as vice chair yellin over at the federal reserve means that there could be more policy accommodation to help stimulate what appears to be a stuttering global economy. we've also just had a very good bit of news out of europe. spain, great concerns they'll be shut out of the debt markets. and that's just calmed down some of the fears. so as such, the futures for the u.s. markets slightly higher at the start of trading. >> that's a bit of good news. got to ask you about this nasdaq story. front wage of the "wall street journal." the ceo of nasdaq says we owe the industry an apology. he's talking about the way the facebook ipo was rolled out. what can you tell us about this? >> he's basically saying, sorry, we were embarrassed. we got it wrong. it's come with a $40 million offer to those that lost money saying we'll give you $40
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million in cash and rebates. that sounds generous on the surface. but the marketmakers who lost between them around about $115 million. they are saying that's way too small an amount and the rivals of the nasdaq are turning around saying, hang on. if you give this money back in rebates, that means you are undercutting us in terms of the cost of business and you might be trying to grow market share even though this whole debacle was your fault. so criticism from the marketmakers and such that the money being offered is just too small and criticism from the rivals as well. so they've apologized. they've said we got it wrong and offered some money. it appears not to have ended the row over the facebook ipo. >> steve sedgwick, thanks so much. defense secretary leon panetta is not holding back when it comes to american frustration with pakistan. panetta arrived in afghanistan overnight saying the u.s. is losing patience with the pakistani government. particularly when it comes to terrorist groups operating inside that country's borders. the u.s. military has repeatedly
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pressured pakistan to crack down on taliban militants and their ally which the obama administration blames for dozens of high-profile attacks. just yesterday, kandahar rocked by twin suicide bombers who killed at least 22 people. panetta will meet with major general john allen during his afghan visit to coordinate the withdrawal of 23,000 american troops in september. some disturbing new details coming out of syria where activists are blaming pro-government forces for yet another civilian massacre. opposition leaders say at least 78 people, including women and children, were killed in the central part of the country. the death toll has not been confirmed by united nations officials who have so far been unable to gain access to the site. fighting between rebels and government forces rages on. videos appear to show battles between the two groups. the reported mass murder comes in the wake of another savage attack less than two weeks ago
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where more than 100 people were murdered, many inside their homes. treasury secretary tim geithner met with representatives from dozens of countries yesterday to make the case for stronger economic sanctions to force syria to cooperate. >> we gather in the shadow of a massacre and nothing we say can adequately respond to such an event, nor than sanctions alone bring about the change we seek. but sanctions can play an important role. strong sanctions, effectively implemented, aggressively enforced can help deprive the syrian regime of the resources it needs to sustain itself and to continue its repression of the syrian people. >> according to the u.n., at least a million people are in need of humanitarian assistance inside syria and about 78,000 syrians are living as refugees in bordering countries. one of the great literary minds of the 20th century, science fiction author ray bradbury has died. he wrote more than 27 novels,
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including the marsian chronicles n and fahrenheit 451. the once considered a career in drama or journalism but began writing in high school and never looked back. bradbury's works have sold more than 8 million copies mean was awarded the national book foundation medal and in 2007 a distinguished award citation from the pulitzer prize board. ray bradbury survived by his four daughters and eight grandchildren. he was 91 years old. still ahead this morning on "way too early," the san antonio spurs' 20-game winning streak wouldn't mean a thing if they didn't save their season last night at oklahoma city to force a game seven. spurs were up 18 in the first half. but could they hang on? highlights ahead in sports. plus, president obama and mitt romney finally get together on something for the cmt awards. so the question is, which guy looks more out of place at the country music awards? you'll make that call and we'll get a check on weather when "way
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too early" comes right back. >> all governments are going to have to reduce government's appetite and let the people have a little more of their own money in their pockets to spend as they see fit or this system of ours isn't going to work any longer. does any mother ever feel like their kids are adults? i have twins, 21 years old.
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she's got bounty. in this lab demo, one sheet of new bounty leaves this surface cleaner than two sheets of the leading ordinary brand. bounty. let the spills begin. welcome back to "way too early." the sun is on at 5:45 in the morning. a live picture of the white house. let's get a check on your weather from nbc meteorologist bill karins. good morning. >> have you noticed how kind of quiet it's been weatherwise? when is the last time you went and we had this big, huge issue. it's been -- >> just a little rain. that's all. >> i remember last year the joplin tornado, the tuscaloosa tornado. this severe weather season,
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knock on wood, so far, so good. we haven't had a tornado fatality, i think in almost six weeks now in this country. that's very rare. we went throughout may without any tornado fatalities. yesterday, a few tornado reports out there in rural portions out by the airport near denver. very weak. they really didn't do any damage. we got away with another day of that. also strong storms yesterday in the dallas area. some showers and storms rolling through the northeast yesterday. we're going to do it again today. it's quiet this morning. a dry morning commute. a pretty nice morning into the early afternoon. then we'll pop up a few of those showers and storms. getting up near 80 in a lot of the big cities. as far as dallas goes, you've cleared out. still pretty good storms to the southwest of town from waco toward brownwood. about 2,000 to 4,000 lightning strikes reported in the last hour. so still some stormy weather out there. and florida doesn't look pretty again. tampa toward sarasota. you'll deal with some storms and vb ft. myers, too.
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those will drift towards atlanta and i-4 is always a mess when it rains. this morning no different. probably the award for worst weather of the morning, friends in the pacific northwest, it's going to be a chilly, raw day. it's going to rain on and off and highs only in the 50s from seattle down to portland. so -- but overall, willie, looking at a pretty summer-like pattern much of the country. besides the pacific northwest, looking thumbs up. >> i enjoy a good summer-like pattern. thank you bill karins. sports now. after dropping the first two games of the westerb conference finals to the spurs, the oklahoma city thunder won three straight games and found themselves last night one win away from the franchise's first appearance in the nba finals since 1996. when they were the seattle supersonics. second quarter, tony parker to tim duncan. gets the hook shot here. spurs up 18 points right there. parker had 21 points and 10 assists. just in the first half. first player to do that in a playoff game since '96. third quarter, thunder come back. kevin durant created a little space.
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hitting the three. cap a 17-6 run that gives the thunder the lead all the way back from 18 down. durant played the entire game. every minute. 34 points. fourth quarter, parker drives. hits a floater. brings the spurs within three. under four to play. he had eight points though, on 4 of 13 shooting in the second half after the great start. thunder up four. james harden finds westbrook who fights through contact for the bucket and the foul. and that seals the deal for the thunder. they come back from an 18-point deficit to win 107-99 and becomy first team other than the spurs, lakers or mavericks to represent the west in the nba finals in 14 years. the thunder one of just three teams in nba history to come back to win four straight games in the conference finals after trailing 2-0. the celtics have a chance to join that group tonight with a win over the heat in game six at home in boston. to the stanley cup finals. the l.a. kings had a chance to sweep the new jersey devils last night and take home the stanley
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cup. score unless the second period. simone gagne on the breakaway. martin brodeur turns him away. nice kick save. third period. tied at one. david clarkson over adam enrique. goes top shelf to break the tie. beautiful. the devils would never give that lead back. they win 3-1. stay alive in the series. it comes back to jersey now. the kings missed their chance to tie the edmonton oilers for the best record ever in the stanley cup playoffs. the series, as i said, moves back to newark. game five on saturday night. coming up at the top of the hour on "morning joe," a day after surviving a recall election, wisconsin governor scott walker has become a conservative hero. so will his message spread nationally? we'll knock that around with joe, mika and our "morning joe" crew. when we come back, we'll hover around the water cooler to watch stephen colbert fight his own union studio crew over the results in wisconsin. where are the balloons?
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that clip when "way too early" comes right back. the wheat in every mini-wheat has gotta be just right. perfect golden color. rich in fiber. my dad taught me, and i taught my son out there. morning, pa. wait... who's driving the...? ♪ 99 bushels of wheat on the farm, 99 bushels of wheat ♪ [ male announcer ] yep, there's 8 filling layers of whole grain fiber in those fun little biscuits... so they stick with you, all morning long. kellogg's® mini-wheats cereal. [ mini ] yee haw! a big breakfast in a little biscuit.
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comments over the last couple of days by former president clinton and former obama economic adviser larry summers have served to intensify the debate over whether or not
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to extend the bush tax cuts when they expire at the end of the year. president obama says he will not extend them for the wealthiest americans. if the lower tax rates for all americans are extended it will add an estimated $4 trillion to the deficit over the next decade. should president obama's plan of extending the tax cuts for everybody earning less than 250 grand a year be enacted, $3 trillion would be tacked on to the deficit over the next ten years. let's huddle up around the water cooler to watch president obama and mitt romney get together, kind of. they taped a bit for last night's cmt awards. the bit where they don't have to be in the same place or interactin any way. the debate, who should host the country music awards? toby keith or kristin bell? >> mr. president, do you have a decision? >> this is one of the toughest decisions i've had to make since
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i've been in office. but i think i've decided. i want them both. >> i thought the presidential election was a tough race. but it's nothing compared to the politics at the cmt music awards. i think i have a solution, though. i propose toby and kristin co-host the show. see? i just put two people back to work. you're welcome, america. >> there you go. the president and mitt romney together at the cmt awards. sort of. and they did co-host so it all worked out for everybody. the wisconsin recall election got the treatment on the colbert report. scott walker's big victory marked a big loss for unions in the state of wisconsin who rallied in protest against the governor's plan to eliminate most collective bargaining rights for public workers in the state. as a result, colbert celebrated what he said is the end of the unions. >> i think this is a repudiation of big, big unions, number one. big labor.
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>> the unions knew they were losing after 2010. they've thrown everything into this and they are losing. >> this shows the irrelevance of unions. at this point, i've said they are obsolete. >> whoo! we did it! it is the end of unions! whoo! whoo! whoo! whoo! timmy, timmy, we talked about this. where's my balloon drop. >> stephen, a lot of union people work on this show and they're kind of upset. >> is that true? all right. i understand that. i get that. but you lost, okay? so let's be professional about it. it's my show. drop something.
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message received. >> dead fish. still ahead on "way too early," your unionized tweets and texts are next and "morning joe" is just minutes away. ♪ [ male announcer ] they were born to climb... born to leap, born to stalk, and born to pounce. to understand why, we journeyed to africa, where their wild ancestor was born. there we discovered that cats, no matter where they are... are born to be cats. and shouldn't your cat be who he was born to be? discover your cat's true nature. purina one.
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top story on msnbc. leon panetta arrived in afghanistan. panetta also using the visit to pressure pakistan to do more to root out the al qaeda link eed haqani terrorist network. we asked you at the top of the hour what you are doing up this hour. our producer taun towhas a coup answers. >> willie seems like a pleasant and nice guy to listen to. he appears to have a solid support team around him to prop him up. >> you are half right. i am pleasant and easy to listen to. the second part, really, i'm not getting a lot of help here. it's kind of a one-man show.


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