Transcripts For CNNW AM Wake Up Call 20110810 : vimarsana.co

CNNW AM Wake Up Call August 10, 2011



one assistant chief con stanl calls it unjustified acts of wanton krlt. nearly 800 people arrested for violence, disorder and looting. more than 100 officers have been hurt. the streets have been calmer, probably because there are twice as many police on the streets as there was a night before. amazon uk reports sales of lull num baseball bats are up 8,000% since the violence broke out. prime minister, david cameron meets with his crisis response committee, and he's called lawmakers from the summer holiday to address the problem. parliament meets tomorrow. >> these are sickening scenes, scenes of people looting, vandalizing, thieving, robbing, scenes of people attacking police officers and even attacking fire crews as they're trying to put out fires. this is criminality, clear and simple. it has to be confronted and defeated. if you're getting on a plane to the uk, the state department says stay away from the volatile area and don't get into arguments that might turn violent. good advice. two days after the dow pocalypse, let's see how the world is doing. european markets have opened on the plus side. u.s. stock futures have been all over the place this morning. of course, the dow started out yesterday in the red. this is a time lapsed look at the board. fasten your seatbelt and put up your tray table. you see it going to the green and stay there to the closing bell. it finished up nearly 430 points. that is the tenth largest point gain in the dow's history. of course, that came a day after the sixth biggest drop in its history. if you're going to watch the dow, it helps to have plenty of dramamine close by. the fed helped make that rally happen. it did. officials promised to keep interest rates, not just low, but exceptionally low for at least two years. one professor says the fed admit thad the economy will stay weak through the middle of 2013. on to the world of politics, the congressional super committee, the deficit killers assigned to lop a trillion and change from the deficit is taking shape. harry reid has named patty murray of washington, max baucus of montana and john kerry of massachusetts. murray will act as co-chair. here is what senior political analyst david gergen said about what lies ahead for them. >> all the indications are that there will be very tough fights ahead, there could easily be a stalemate in this committee. i will say the democrats are very supportive of senator reid's choices. on the republican side, there's a view these three, particularly senator murray, are very political. not only will she be out there raising money, but her number one job is to protect democrats up for re-election. >> senate republicans, house republicans and house democrats still have to appoint three members each. the committee is supposed to be set up by next week. the results came in a little while alge go, republicans held on to four of the six state senate seats that were up for grabs, and they held on to their majority. democrats needed three of those seats to take control, but they got only two. remember, this whole battle started in the winter when pro union protesters rallied against republican governor scott walker and legislation they claimed was anti-union. now to see how the world's money is doing this morning. let's go live to hong kong and andrew stephens. andrew, how did the asian and european markets do overnight? >> carol, i'm still chuckling over that dow pocalypse line. i like that a lot. you'll be pleased to know there has been a relief rally here, certainly not surprising given we saw the dow and s&p up 3%, 4% overnight for the asian markets at least. it hasn't been a convincing rally. if you look at japan, one of the big markets here, still the world's third biggest economy, up over a little more than 1%. hong kong up, australia up, not bad. put that in context with the fact that the asian markets as a whole are down about 13% over the previous six days' trading. if you go across the europe at this hour, all the markets in asia are closed, still trading in europe. they're up, carol. it's not convincing. london up by about 2/3 of 1%. obviously a lot of jitters about what's going on in the streets. there's still this feeling that it's a rally, but no one is yet convinced. >> well, if i'm sitting there at home and thinking, but wow, the numbers are up, and maybe the worst is over, would i be right? >> well, i think it's just way too early to say. i mean what we saw in the markets was, yes, there is some relief out there. but there is still mountains to climb. as you pointed out, low interest rates for the next two years sounds great. it also indicates that the u.s. economy is expected to stay pretty weak for quite a long time. now, on top of that, you're going to have a bit of a focus swing back to what's going on in europe, carol. as we know, there's been a debt crisis there that's been smoldering away for a long time now and doesn't show any signs of being put out once and for all by the authorities over there. so watch what happens in europe. while europe is still so vollive with the debt crisis, that's got to hit the markets. also look out for what happens on the u.s. economic front. look out for the next set of economic numbers in the u.s. if they're weak, we could start seeing selling off once again. >> okay. we'll keep an eye on it. thanks so much. you know, if you concentrate too much on the economy and the stock market, it gets really depressing. you have to laugh about it, right? >> here is your punch line this morning. we have help for you. >> the stock market is acting like me after three apple tinis. actually two appletinis. >> just the smell of an appletini. >> a menthol ated cough drop. the smell put me over. >> tonight's installment features treasury secretary timothy geithner talking about the debt crisis. listen. >> if we lose our credit rating or it jumps down to the next level, what does that mean? we have to pay higher interest rates to borrow money. >> absolutely. but there's not a chance that's going to happen to this country. >> that's right. there's not a chance there's not a chance. >> if you didn't laugh, you'd cry. check out the quote of the day. "like a man muir spreader in a windstorm." find out which newsmaker said that about president obama. it's seven minutes past the hour. ♪ i'd do anything for you dear ♪ anything cause you mean everything to me ♪ ♪ i'd know that i'd go anywhere ♪ ♪ for your smile ♪ anywhere ♪ yes i'd do anything ♪ anything for you ♪ like new splenda® essentials™ no calorie sweeteners. this bowl of strawberries is loaded with vitamin c. and now, b vitamins to boot. coffee doesn't have fiber. unless you want it to. new splenda® essentials™ are the first and only line of sweeteners with a small boost of fiber, or antioxidants, or b vitamins in every packet. mmm. same great taste with an added "way to go, me" feeling. new splenda® essentials™. get more out of what you put in. [ martin luther king jr. ] i still have a dream that one day on the red hills of georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood. i have a dream today! [ male announcer ] chevrolet is honored to celebrate the unveiling of the washington, d.c., martin luther king jr. memorial. take your seat at the table on august 28th. you caught me because i have this power bar to give myself energy to make it through the show. i swwall load now. sorry about that. republican presidential candidate tichl pawlenty compared president obama's handling of the economy to a, quote, manure spreading in a windstorm, throwing everything into the wind without focus. let's head to at any time to check in with jacqui jeras. this is like deja vu all over again, isn't it? >> with what? >> i'm sorry. i was talking about daybreak because years ago, back in the day, we used to be together on another 5:00 a.m. show. >> sorry. it takes me a while at 5:00 a.m. i'm not doing it every day anymore. >> you're probably really happy about that. >> you know what? it's fun to do it now and then. the moon was gorgeous this morning. if that wasn't a reason to get up this morning, what is? >> i like your tude. >> right now doing okay out of the gate, we expect things to get ugly around boston. light rain and drizzle. low clouds, expect issues later this morning. orlando, miami, tampa, thunderstorms and heavy downpours from time to time. we'll see that fog across parts of the west again into the san francisco bay area. overall we'll be focusing in on the nation's midsection where we're expected to see showers and thunderstorms possibly becoming severe. already a rough start this morning across parts of nebraska, kansas and oklahoma. it makes for great pictures. take a look at this video out of western nebraska, some storm chasers -- listen. do you hear it? yeah. there's ping-pong ball-sized hail in there. 167 reports of severe hail yesterday. it all ends in a lovely rainbow. >> oh, that makes it all worth it. that damage to your car, rainbow makes everything better. >> anything for a smile. there ss. ah! viagra could get a makeover. egyptian researchers have packed nano technology into a patch instead of a little blue pill. the idea is slap that baby on and get fewer side effects. no word yesterday on when it will be made available. is it a boy or a girl? a new blood test out can sell the sex of your baby after just seven weeks. critics say early tests like this could lead to abortions if mothers aren't happy with the baby's gender. it's for sale in europe. doesn't have fda approval yet. we won't see it here in the united states for a couple decades. incredible video of an accident in houston. this one left investigators baffled. one good thing, no one was hurt. details on exactly what happened. it's 12 minutes past the hour. w. 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[ male announcer ] it's the at&t network. you could save a bundle with geico's multi-policy discount. geico, saving people money on more than just car iance. ♪ geic at exxon and mobil, we engineer smart gasoline that works at the molecular level to help your engine run more smoothly by helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly while leaving behind cleaner emissions. it's how we make gasoline work harder for you. exxon and mobil. what the comedians saying? here is your punch line. >> this is what michele bachmann looks like when she's relaxing. come on. that's an unfair cover. >> take the picture in three, two, one and not yet, wait. and take it. >> all right. come, pose. three, two, one -- and almost -- not yet -- and -- no -- not happening. hold on. i got it. i got it. no problem. it's going to be on the magazine cover. >> have you heard about the controversy with "newsweek" magazine and michele bachmann? she's on the cover of "newsweek." they say it makes her look crazy. here is the cover. that's what they say. i don't know. nancy pelosi saw it and nancy pelosi said, no, it doesn't look crazy to me. it looks fine. >> oh, my gosh. that was funny. what a better way to set up our political ticker, tim farley. you're not laughing, tim. what's with you? that's funny. >> i feel like i look good now. i've seen so much of those pictures over the last few days, not a flattering picture. there's tons of them around. we all have them in our closet somewhere. luckily, you don't have to worry about that? >> oh, no, not me. i was talking to an analyst that said the whole thing will actually help michele bachmann. she's letting it slide and letting people like reporters at "the new york times" stand up for her. >> exactly. may be the case. how about this new committee, one-fourth of the way there. the new super committee making its way through. senator harry reid finally haemd v named three members, senator max baucus, senator patty murray and john kerry. senator murray knows about banking. senator baucus, chair of the finance committee, senator kerry, long-time veteran and someone who has dealt with numbers on defense with foreign relations. there's a complaint from republicans. >> no, come on? there's a complaint? really? oh, my gosh. >> yes. what i think, though, carol, is going to be the deciding factor is who are the republicans going to name from the house of representatives because they have to go after districts. that's really going to tell exactly how much ideology is at work here and whether there's any room for compromise whatsoever. we'll have to wait and see. >> the rumor floating around is eric cantor is the leading contender. he's the guy that walked out of the negotiations. if the republicans appoint somebody like eric cantor who is pretty stead fast in his beliefs, i don't know, it might throw a wrench into things before it even starts, right? >> a lot of republicans, paul ryan is another name thrown around. dave camp, who is in charge of appropriations. whoever they name to that committee might give you a sense of whether there's an opportunity to get seven votes out of 12 that would be necessary to keep it from triggering the so-called draconian cuts that would be called for if this committee can't come to some consensus. >> they have until august 16th. jon huntsman is making what his campaign calls a major announcement in florida today. >> yeah. trying to get noticed, i guess. tomorrow is the debate. saturday is the ames straw poll. huntsman's campaign hasn't picked up traction. some are wondering could this be the end of the campaign? i kind of think not only because he has been focusing on new hampshire and a little on south carolina and pretty much ignoring iowa. i also don't think it's a jeb bush endorsement. although that's part of the speculation. meanwhile, he's getting at least a headline in this very tough month of august for him to get noticed. >> i know, he's been like virtually invisible. an interesting phenomenon. >> plays the piano. >> he was good playing that peanut song. tim farley, host of "the morning briefing" on sirius xm potus. if you're not looking at this screen at this very moment, this you must see. this travel truck accident is being called bizarre and unexplainable. the driver said he didn't realize the trailer was rising until it slammed into the overhead sign. it separated from the cab. amazingly enough, no one was hurt in the accident but did cause big traffic headaches. it can go from zero to 60 miles per hour in seconds. the u.s. government is putting brakes on an italian super car that cost $1 million. it was supposed to go on sale this year. federal safety regulators blocked it. the automaker is hoping to launch the car by 2013. every day on this show we let you know what national day it is. today it's national day of lazy. so crawl right back into bed even if it's for an extra five minutes before work. 19 minutes past the hour. [ male announcer ] to the seekers of things which are one of a kind. the authentic, the rare, the hard to define. to those always searching for what's pure and what's real from we who believe we know just how you feel. haagen-dazs. 22 minutes past the hour. i'm carol costello. calm in london after 16,000 police officers flood the streets. nearly 800 people arrested, cars are blackened. the rioting has spread to other sit tease. phil black is live in london. phil, are things calm right now or still experiencing problems there? >> reporter: carol, it certainly has been a much calmer night on the streets of london so far. i'm standing outside 10 downing street, the bright tisch prime minister's residence where he's been holding a meeting with senior administrators and police commanders essentially to discuss the success, if you like, of the surge of police officers we saw last night, the increased police officer numbers to around 16,000, more than double what there was the previous night. on the face of it, it would seem to have been a success because there was no large-scale rioting on the streets of london. good news there. the prime minister still has other problems. we've seen the disturbances spread to other uk cities with significant disturbances there. there is still some work yet for the prime minister, for british police to do to find a resolution to this on going problem. >> state department is telling americans in london to be on ale alert. you never expect to hear that about london. >> reporter: essentially good advice. to put it in proper context, only in certain areas. much of london is problem-free. certainly the major shopping areas, business centers and so forth are operating absolutely normally. but it is essentially good advice to simply be aware of what may be happening in certain districts. the nature of these riots is they have been very fast-moving. they described them as flash riots, group of people coming together very, very quickly and causing these disturbances. carol. >> phil black live in london. now let's head to syria. the united states is inching ever closer to calling on president assad to step down. sources saying the announcement should be made in several days. fareed zakaria discussed that development on "john king usa." >> it puts the screws even further on assad. i think it is not the beginning of the end. john, what we realized about many of these regimes, they are real police states, really brutal, really tough. tough to crack. sanctions didn't get rid of saddam hussein. sanctions and a no-fly zone haven't gotten rid of moammar gadhafi. i doubt it will get rid of president assad in syria. >> one human rights group says more than 2,300 people have been killed in the syrian crack down. search crews scouring the western tip of the island in aruba. robyn gardner was snorkeling with a friend who is now considered a suspect in the case. the riots of britain have been a boom for sales of sporting goods. we'll tell you about that when we come back. ♪ squa [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. experience the summer of audi event and get over 130 channels of siriusxm satellite radio for 3 months at no charge. and get over 130 channels of siriusxm satellite radio naturals from delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec® i can love the air®. what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and 4g devices like the motorola photon. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network. trouble hearing on the phone? visit sprintrelay.com. ♪ let me make you smile ♪ let me do a few tricks ♪ some old and then some new tricks ♪ ♪ i'm very versatile ♪ so let me entertain you ♪ and we'll have a real good time ♪ [ male announcer ] with beats audio and flash, you can experience richer music and download movies straight to the new hp touchpad with webos. good morning to you. it is wednesday, august 10th. this is your "a.m. wake-up

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