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Being of sanduskys victims until after sanduskys arrest. martha: heartbreaking findings from louis freeh, the former fbi director with regard to jerry sandusky and what he carried out over the course of 14 years. he is now in prison on multiple violations and crimes that were committed, and now these four men have that stain on their careers for having not done what louis freeh believes was there absolute responsibility to protect those young people. its now streaming on foxnews.com. bill: sad c...

Money, sound like? >> absolutely. you have to just do this better. we focused on health outcomes. were doing same thing in schools and roads. we want to make sure we have a gait place for you to have a family. make sure you have a good places for schools. your health care is taken care of, the roads are great. were right in the middle of the united states. we have google fiber building the fastest fiber-optic network in the united states here. martha: fascinating story. governor, thanks for comi...

Graphic. i quote again. this is joe paterno writing. this is not a football scandal and should not be treated as one. it is not a academic scandal and does in any way tarnish the hard-earned well-deserved act dim mick reputation of penn state. penn state officials suggest otherwise is disservice to over 500,000 living alumni. this report very critical of joe paterno. minces no words. essentially saying if joe 6 pa attorney know and others had come forward in 2001, many of the young victims who w...

War. martha: 25% unemployment. thank you very much for that report. bill: going in the wrong direction yet again. a city strapped for money taking drastic action by slashing city worker pay to minimum page. we walk to the mayor of scranton, pennsylvania yesterday here in "americas newsroom" about this controversial plan. today we get the other side from the head of the firefighters union on that. plus there is in. >> im going to eliminate every nonessential alex spence i have program i can fin...

Any organization that theyre in does a huge disservice to these victims and needs to come forward. so this has been a total tragedy for all involved but that is the lesson that needs to be taken away because it happens aall across this country and people need to speak out. bill: about 19 minutes before the hour. check of the markets, huh? martha: well take a look what is going on wall street right now. you have investors reacting to a brand new jobs report showing weekly unemployment claims drop...

It. it is hundreds and hundreds of pages. the reports authors say they examined more than 3 1/2 million e-mails. they interviewed more than 400 people. at the end of the day this is a, very damning report for penn state and specifically coach joe paterno. the report cites paterno specifically and it says that he influenced others at the school not to report an incident of alleged abuse. im going to read from the report now or the preamble to the report. lets bring up a full screen graphic. it sa...

President never demonstrated concern for sanduskys victims until after sanduskys arrest. the report sfwos on to specifically mention an incident where number of janitors observed mr. sandusky in showers with a young boy. the incident was never reported to the tos. the janitors were simply afraid of coming forward. the report also says that everyone at the school has a duty to blow the whistle when they see any illegal activity. now the school has issued a response to the report. clearly they cou...

And also july 4th holiday. remains to be seen if this is outlyer. that is why it hasnt had much of an impact on the market yet. bill: thank you, charles payne. see you on fb. in this week. you have the big job for varney. >> reporter: doing the heavy lifting. bill: here is martha. martha: lets look at the filings weve seen over the last six months because as charles was just pointing out it is the trend line you want to watch overall. most weeks are revised up after the initial report comes out ...

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