Opponent. Now hes heading to rehab. I want it that way the billionaires who want it their way. Battling to buy the l. A. Clippers. Big names, from oprah, to Floyd Mayweather. And dont count out one of musics most famous. The bidding war that could be magic. And good morning, america. Robin, welcome back from the big tour. Oh, gosh. L. A. L. A. You were missed. You were missed. Tough weather right here. Theres no place like home. And it was tough getting home last night because were going to look at aerial pictures coming in from laurel, maryland, this morning. More than five inches of rain falling in the area, causing serious damage. And were also going to show you some people being pulled from the top of a city bus in philadelphia. They were stranded by the flooding. We have extreme Team Coverage of the massive flooding. Ginger in baltimore. But first, abcs gio benitez is outside the jail in pensacola, florida, where there was a deadly explosion overnight. Good morning, gio. Reporter
End of the obamacare website still not fixed. By the way, moodys downgraded the Insurance Companies today because of this. This mistake could cost taxpayers a fortune. Speaking of taking a hit, check out all the red arrows on wall street today. We had a big selloff and i think the fed fears may be backing the market. Finally a very special guest this evening. Blues traveller front man john popper is going to join us live to talk about shockingly low payments song writers get now for all their work. All these stories and more coming up in the kudlow report right now. Lets start with the big selloff tr if the stocks. Dow down 176 points. What caused the big drop . Lets go to Cnbcs Bob Pisani on the floor of the new york stock exchange. Good evening, robert. It was not a good day for the markets. It started overnight when chinese manufacturing numbers came in below expectations. The chinese data was weaker than expected for a few weeks. Why cause china matter so much . Emerging marks are
Story. After 21 hours on the senate floor, texas senator ted cruz wrapped up his brave and courageous obama care filibuster today. That said, the debate and the political standoffs are far from over. The real voting is about to begin. Cnbcs chief washington correspondent john harwood joins us now with all the details. Good evening, john. Good evening, larry. We had an unusual end to that filibuster which you called brave and courageous. 100 people voted against it, including ted cruz himself. It became so unpopular by the end, that ted cruz decided to go with everyone else, seeing which way the wind was blowing. What were going to have now is a debate in the senate over stripping out the defund obama care provision. Not sure exactly when thats going to happen. But cruz has indicated he may shorten the time and not drag it out all the way to sunday. Many republicans wanted him to shorten it so that the house will have more time to send a counterplay back to the senate. But it does appea
Serious and lifethreatening weather conditions are expected as early as tomorrow evening from outer banks to new england. New york, pennsylvania, maryland, virginia and North Carolina plus the district of column yeah have already declared states of emergency. A Tropical Storm warning is in effect for parts of florida. Well have more updates on sandy later in the program. Right now i want to turn to politics. This, my friends, is 26. 86. 26. 86, not a hunl amount of money. Certainly not enough for a spiffy new iphone 5. It will get you plenty of itunes downloads. Not enough to take the whole family to the movies, but you could probably treat yourself to lunch at applebees. Imagine that 26. 86 compounded every second. That is 1,611. 60 a minute. Thats 96,696 an hour or 2. 3 million a day. Suddenly 26. 86 doesnt seem so modest because 26. 86 is how much both candidates combined are spending every second of every day this election cycle which is why on thursday, we cross a milestone in ame
Download the iphone or android app for program and Schedule Information and pod cast of past programs. How is that for a lit ration. Now its my pleasure to intro introduce our speaker, columnist, and writer. Jonathan alter. A writer and a contributor to the bloomberg. Author of the new book well talk about the center holds obama and his enemies. As i hes an analyst and contributing correspondent. Youve seen him on nbc and msnbc. He worked for almost thirty years writing more than fifty cover story. Me wrote for the New York Times, the wall street, vanity fair, and the new republican. Hes the author of other books fkd he is a, in my judgment, probably one of the preimminent experts in this country on president obama. We are pleased and honored to have him here tonight to speak about his new book. Our thanks to Jonathan Alter for joining us. [applause] the floor is yours for twenty five to thirty five minutes. Great. Thank you very much, joe. Thank you to everybody for coming. This feels