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Damaging as much as they can. >> chris: to do you think that perry can salvage his campaign? a distant third at 13%. >> it has been a huge plummet. the legacy of herman cain whereever he goes is that people like rick perry has seen -- he has inspired a lot of republican primary voters out there with th simplicity. tuesday we will see rick perry announce the flat tax. it does not have the drawbacks about a national sales tax, for instance. it has a little bit of history. and he goal out there and...

Damaging as much as they can. >> chris: to do you think that perry can salvage his campaign? a distant third at 13%. >> it has been a huge plummet. the legacy of herman cain whereever he goes is that people like rick perry has seen -- he has inspired a lot of republican primary voters out there with th simplicity. tuesday we will see rick perry announce the flat tax. it does not have the drawbacks about a national sales tax, for instance. it has a little bit of history. and he goal out there and...

Damaging as much as they can. >> chris: to do you think that perry can salvage his campaign? a distant third at 13%. >> it has been a huge plummet. the legacy of herman cain whereever he goes is that people like rick perry has seen -- he has inspired a lot of republican primary voters out there with th simplicity. tuesday we will see rick perry announce the flat tax. it does not have the drawbacks about a national sales tax, for instance. it has a little bit of history. and he goal out there and...

Damaging as much as they can. >> chris: to do you think that perry can salvage his campaign? a distant third at 13%. >> it has been a huge plummet. the legacy of herman cain whereever he goes is that people like rick perry has seen -- he has inspired a lot of republican primary voters out there with th simplicity. tuesday we will see rick perry announce the flat tax. it does not have the drawbacks about a national sales tax, for instance. it has a little bit of history. and he goal out there and...

Charge of $32 billion to pay for the cleanup of the spill. that is going to cover most of the direct cost but the company says it cannot estimate future claims from fines and lawsuits, so if it wasnt for the cleanup costs, however, bp would have posted a profit of about $5 billion, so its earning some money. their shares are down about 2.5%. they had been trading about $60 a share at the time of the spill back in april. they fell as low as $27 in the aftermath. lets take a look at the broader ma...

Carter, if you would, give us a glimpse at these numbers. >> well, you know, were talking about the largest oil spill in u.s. history here. so not surprisingly, this took a huge bite out of bps bottom line. the oil giant lost more than $17 billion in the second quarter. now, this loss comes because the company took a whopping pretax charge of $32 billion to pay for the clean-up. thats going to cover most of the direct cost, but the company says it just cant estimate future claims from fines and ...

Point at this point. so a rally today does not mean the selling over. this could be one of the one hit wonder kind of days. nasdaq and s&p 500 are down at least 16% from their highs. in april. we are a few seconds away from the opening bell. one stock we will keep our eye on is bp. bps shares were up 6% in the pre-market there was some talk bp would have to issue more stock to help pay for is t spill. the company said that right now it does not plan to do that. issuing more shares would raise co...