to early start. thank you for being with us. >> i'm john berman. 5:00 in the east and counting down to the big jobs report that has huge political and economic implications. >> what we can expect and the health hazard that forced the first family of one state to move out of the governor's mansion. >> it is flat on the gross. something truly fantastic. we are talking about the olympics and that's her. the flying squirrel who is now the golden girl. 16-year-old gabby douglas cemented her legacy as the first straight american and the first african-american to win the women's all-around gymnastics gold medal. started with a vault and ended with the dazzling floor routine and completed a rise to olympic champion. amanda, you must be able to hear our enthusiasm. that was electric last night. >> it was, john. good morning. the greenwich arena turned into club gaby with the fantastic techno floor routine. the flying squirrel flamed the most coveted gold medal there is and it has been quite something. she did it in style. the top scores on the beam and the vault. the 4 foot 11 teenager is only described as an average good gymnast in march which is quite something the tiny teenager is now truly catapulted on to the big stage and has been pretty much on first name terms with the whole of america. she has been getting tweets from hope ra and nicky minaj and saying what an amazing experience. love and prayers and love you all. she used the hash tag on cloud nine. over the next weeks, months, and years, more to come. >> she takes to the air, it looks like she will hit the rafters. she keeps going up and up and up. there was another big event last night. that of course michael phelps and ryan lochte. capturing his first individual gold in the olympics. the 200 im. he looked like he was on a mission when he beat ryan lochte. >> his reaction afterwards was relief. it was an interesting look on his face because as you said, his first gold of the games and some people were consigning him to history, he wanted to make more history of his own. the first man to win the same event at the olympics three times in a row. his 20th olympic medal which is quite an achievement. not such a great night for ryan lochte who took silver and could only manage bronze in his favorite 200 meter back stroke. tyler clary took his first gold of the games. we have to give a mention to rebecca soni who put in the most sensational performance to win the 200 meter breast stroke. >> i was surprised by michael phelps. truly stunning. >> i wonder what he whispered in his ear when he was getting the medal. . >> team usa on top with 37. tying china with 18 golds. china has 34 medals overall and japan in third with 19. >> this is what you can watch for today. michael phelps is back in the pool in his last individual race for any olympics. the 100 meter butterfly final. the 200 meter back stroke and the women's soccer team are in the quarter finals against new we will have ant. >> only 3 1/2 hours before the critical jobs report. it won't be a lot better than june. the numbers were weak with 80,000 jbs added. 8.2% unemployment. they are predicting 95,000 jobs were added, hardly enough to make a dent in the jobless rate. she will break down the july numbers as soon as they are released with a special guest, the former chief econ 50 for president obama's recovery advisory board. >> we will have huge implications for the election. >> big news. pa. >> the general assembly will denounce the government for attacking the government for the war planes and heavy artillery. they will warn the regime to keep strict control over the chemical and biological weapons. it comes a day after the secretary general kofi annan resigned his position as special envoy saying he is frustrated by the finger-pointing while the syrians are being slaughtered. trouble looms in paradise in the form of a tropical storm headed through the caribbean. rob has been tracking this for us. what's the latest, rob? >> ernesto which performed left afternoon, still a tropical storm. winds at 45 miles an hour. the last few hours it weakened and you can see here not nearly as robust, but you look in the eastern caribbean and it looks clear and ready to bomb out, but there wins and dry air in there that allows us to do that. it will be slow to go as far as development. right now it's just to the east of st. lucia. it went past barbados overnight. here's the track for the hurricane center. keeping at tropical storm strength and potentially developing into a hurricane as it cruises through the caribbean. probably not until towards jamaica and the yucatan is when winds are expected to be more favorable. an important note is get closer to the gulf of mexico by the time we get to the beginning of next week. all eyes on this for the lower parts of the u.s. ernesto making a run potentially at the u.s. >> menacing. thank you very much, rob. >> in washington house republicans have been forced to close a loophole in the new stock act law. that was uncovered by us. the crack down on "the insider" trading. it requires lawmakers to report all stock trades within 45 days. members of the house had an entering interpretation and didn't think the law applied to spouses or dependents. the bill's sponsor was not pleased. >> i find out nmz and i tell my wife and she trades on it, what's the difference? >> the whole point is we should play by the same rules as every ever american citizen. america looks at washington and they know it's broken. >> because of the reporting, they passed new legislation and this closes the loophole that could allow family members to profit from inside stock information. >> eight minutes past the hour. harry reid putting on the full court press over releasing more tax returns from mitt romney. unsourced accusations in the process. reid saying romney won't release em because he hasn't paid any. listen to this. >> the word is out he hasn't paid taxes for ten years. let him prove he has paid taxes because he hasn't. >> yesterday on sean hannity's shore, the presumptive nominee fired back. >> time for harry to put up or shut up. harry will have to describe who it is he spoke with. that's totally and completely wrong. it's untrue, dishonest and inaccurate. it's wrong. i am looking forward to have harry reveal his sources and we will find out it's the white house. >> he sounds angry. he released one complete tax filing for 2010 with an estimate for 2011. far fewer than most modern candidates including president obama who released a dozen years of returns. >> you have to look at one of the most amazing pieces of surveillance video we have seen in a long time. granny's got a gun. a bunch of gang members storms into a jewelry store in garden grove, california. they rush in and seconds later, you see them with shots fired. that's because the woman behind the counter opened fire. these guys just booked it out of there. you can see them crowding behind the door and getting out as fast as they humanly can. a bunch didn't make it into the get away car. that's what happens when you give a grandmother away. they were picked up about a block away. >> that are is funny video. we should tweet that out. check your facebook profile. maybe your friends are not who they say they are. the truth about-face book's fakers. >> call it fake book. in here, every powerful collaboration is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver all the power of the network itself. bringing people together to develop the best ideas -- and providing the apps and computing power to make new ideas real. it's the cloud from at&t. with new ways to work together, business works better. ♪ with new ways to work together, business works better. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. 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[ female announcer ] new ensure clear. nine grams protein. zero fat. twenty-one vitamins and minerals. in blueberry/pomegranate and peach. refreshing nutrition in charge! . we are mining your business this morning. it is jobs day. the labor department releases the big jobs report for july at 8:30 a.m. eastern time. >> the european marks are up ahead of the report and christina has a preview of what we can expect from the labor department. she is psyched and geeked and ready to go. >> this is a really important report. they always are. we fipd out how many jobs were create and it's very political three months before an election and it's very, very important for american families. every one of the numbers is a job that drives an economy of a family. this is what we are expecting. the estimate from economists is that 95,000 jobs were reported and 8.2% unemployment rate. this is the january, february, march. we thought we were having a rebound and something happened here in the spring and the summer that shows that hiring has slowed here. if you go to last summer, you can see a similar pattern in may, june, july, august. there was a summer swoon as well. some economists are talking about maybe seasonal adjustment formulas at the labor department and could that have something to do. you add that on to an abnormal and quirky jobs market. we will explore that more as we go forward. the political part is that you have an economy that is coming back from this -- look at this. these are job losses. the end of the bush administration and the beginning of the president obama administration, 700,000 jobs lost here. a little bit of a recovery and again a set back and we are trying to get a better trajectory. you want to see at least 150,000 jobs created every month just to absorb new workers into the labor market. 150,000 just to absorb the new workers. anything above that you eat into the unemployment rate and put people back to work. still a lot of work to do. this is an important jobs report political. >> there plenty of reasons the job market slowed down. different than last summer. >> that's right. we have europe that is a big factor for exporters and manufacturing companies. europe is the single largest destination of american exports. if you are concerned, there resession of uk in a double-digit. anyone selling stuff over there, they may not need to at any workers. >> thank you. >> you're welcome. >> a suspect deals a crushing blow to the police. you have to look at this story and this video. we will explain it. look at the police cars. if you live in a house, you can watch us any time on your desk top or mobile phone. no matter what small business you are in, managing expenses seems to... get in the way. not anymore. ink, the small business card from chase introduces jot an on-the-go expense app made exclusively for ink customers. custom categorize your expenses anywhere. save time and get back to what you love. the latest innovation. only for ink customers. learn more at chase.com/ink you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see