the announcement came about 90 minutes ago, defeating ahmed shafiq. christian amanpour is the global affairs anchor, also with her is correspondent ben wedeman. let's go back to the moment this was announced by effectively the elections commission in cairo. tell me, ben, wareaction imdiate and joyous? >> reporter: it was incredible. we really heard a rouge roar coming uprom the crowd. the only time i've heard a louder roar was 6:00 p.m. last year when hosni mubarak's resignation was announced. what we saw -- it's a very hot, bright day in cairo. i'd say tahrir square was about a third full. within about 20 minutes, it just filled up and people continue to fill up in the square coming from all the parts of cairo. as the temperatures become to become a little more mild, i think we're going to hear more fireworks, more car sirens and see more and more people coming out here because this is truly a historic day for egypt where egyptians finally see those who were on the other side of the political equation coming into power. candy? >> christiane, there's so much work to be done. it may not be sp e,ut certainly not the last step. what is the next question now in egypt that has to be dealt with? >> reporter: you're absolutely right. this is a transformative moment. it is the first ever islamist head of state in the arab world. as egypt goes, the rest of the arab world goes. what is going to happen we don know because the military is in control of this country still and the elected president has very limited powers at the moment. we're not sure what's going to happen when they get down to the nitty-gritty of organizing how to actually write a constitution. you've had a presidential election with no constitution. you h very ill-defined powers for thected president and very definite powers for the unelected ruling military authorities that still maintain power including legislative power since they have dissolved before this run-off in parliament here, which was the first free and fair election that muslim brotherhood dominated along with other islamists. the other thing we don't know is how islamic is this islamist regime going to be? many people in the united states, egypt and around the world are concerned about what does it mean to have an islamist in po the musl brotherhood, six decades as odds with the military rulers here in egypt and all around this part of the world. people want to know what does this mean for o life? to be very frank, these questiha all been answered by any stretch of the imagination. as you know, 48% of the egyptian people actually voted for shafik who represented the old regime. >> let me ask you both, first to ben, morsi was educatedn the u.s. while he obvious sli a member of the muim brotherhood, does that bode well for u.s.-egyptian relationships ben? >> certainly what we've seen over the last six or seven years is the united states thrghairo reached out to the muslim brotherhood. in 2005 the muslim brotherhood won 20% of the seats in parliament, its highest everyone tillhat pot of representation. beginning back then, the u.s. was sending out feelers and there has been a dialogue. certainly since the overthrow of hosni mubarak, almost every delegation, congressional, from the government, has met with representatives of the muslim brotherhood with mohamed morsi and others. and there has been an attempt by the muslim brotherhood to reassure the united states that it's not about to dump the camp david peace accords with israel, that it wants to work with the united states and it's not going to sort of take egypt on some sort of bold, new, hardne islamist course. they do want to do business with the united states. >> and on that very important point, candy, i interviewed mohamed morsi about the u.s. and israel. he was categoric about how they wanted relations based on mutual interest and how they would respect the camp david accords. >> christiane amanpour and ben wedeman, thank you so much. joining us on the phone is california republican congressman david drier. here on the set, cnn foreign affairs correspondent jill doher doherty. congressman, first to you, let me ask the same question which is what can we now expect? what's the next step in the u.s. for this? >> candy, let me first say that i think it is worth noting that the last presidential election in egypt saw hosni mubarak get 90% of the vote. morsi got 52%. what it means is for the first time in 7,000 years the people of egypt have been able to play a role in determining their future. what it means for the future, i hope very much that ben's statement there about this notion of building a coalition that is not going to be anti-west. as christian said, recognition of the camp david peace accords will proceed. there are a number of things that need to happen now. we need to see the constituent assembly proceed with the constitution. obviously many of us believe a constion should have been in place before allhese elections were being held. they're going to have to hold parliamentary elections again because of the decision that was made a week and a half ago, t dissolve the parliant. i think also from the meetings i have -- and ben is right -- i've met with mr. al had der who was going to be the muslim brotherhood candidate for the freedom and justice party. he has actually indicated to me recognition of the camp david peace accords, a desire to assure minority rights including women's rights. these things have been said and obviously we need to make sure we encourage that as much as possible and ilo forward to doing that. th need to focus on the econoo.om t that's the other thing, candy, that's very importan i've introduced a u.s.-egypt free trade agreement. they've lost 2 million jobs since february of last year. by virtue of that, they really need to get the economy growing and get people back to work. >> let me get to jill. we've been giving the egyptian military, because they've been in charge, about a billion a year. >> 1.3. >> they've done this power grab. how does the u.s. walk this line? they want to nurture democracy but don't want to encourage the military? it still remains pretty much in arge. >> exactly. what they have to do, what they are doing is they will look at the next steps towards the democratic process. if the egyptian from the president, still remains the military. will they move forward on these democratic steps? if they do, then the u.s. continues that money, and as the congressman said, the critical thing isthe economy becau right now those people on the square need jobs. if they don't get them from morsi or the military leaders, then we could be back to the same situation. it is critical to gethat economy moving again. >> our cnn foreign affairs correspondent jill doherty. congressman david dreier on the phone. thank you for your expertise. cnn continuing to keep up on the developments in egypt. up next, mitt romney on the economy. campaign adviser ed gillispie is here next. with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? 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[music] transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. joining me is ed gillispie. ed, thanks for letting us squeeze you in. the world never waits for us. >> thanks for squeezing me in. >> i want to first get your response to a "washington post" story that said while your candidate was at bain capital that bain invested in several firms that specialized in exporting american jobs to low salary companies, india, china, an old story. as i understand it it's the folks you get that aren't in the united states that answer customer service questions, et cetera. how does that sell in the heartland so hit by the loss of manufacturing jobs and lots of blue collar jobs. >> candy, this was incredibly shoddy journalism. this was a breathless headline over a baseless story. i would encourage you to have the reporter on your show and ask him to demonstrate one of the companies cited in that article that moved american jobs overseas while mitt romney was at bain capital, that bain capital invested in. i don't think you'll find he can cite in. >> he did not invest. >> bain did not invest in any company that shipped jobs overseas. >> any company in these articles, we went back and reviewed and could not find any. the reporter inject dollar himself into the campaign and he's subject to fact checking. i would love to encourage cnn to ask him to produce evidence of a single jock, of a company cited in that story that mitt romney was with a company that moved jobs overseas. i don't think i'll find in >> since i don't have him here, and i do have you here, what i am getting at is while he was head of bain and forget the story, and while he was head of bain, did bain invest in and advise companies that did ship american jobs overseas and you are saying that no company at bain did that while he was there? >> i am not aware, but what happened in the story as near i can tell is that the reporter confused the notion of outsourcing, and american companies outsourced domestically, and for example the obama for america campaign out sources from its own campaign to telemarketing companies. >> yes, to omaha or whatever. >> and cnn may outsource for any projects and the reporter confused outsourcing which happens all of the times when you don't do all of the service in-house, you do that to moving it offshore, and there were companies that bain invested in did engage in outsourcing, and lots of companies do, because it is an economic model that makes sense. >> your statement today is those companies while he was head of bain, did not outsource jobs? >> in "the washington post" article -- >> and you are saying specifical- >> well, candy, that is the ones we checked because that is t story. have the "washington post" columnist on and see if they can demonstrate to you or the american voters the validity of the headline on that story, because like i say it was a brthless headline, but a baseless sto. >> and let me ask you about another story in "the new york times," because of the contracts that bain put out there and got signed from various companies that they invested in, that even when the companies went down workers were laid off and lost their pensions, et cetera, et cetera, and bain always made a hefty profit. again, there is nothing illegal about that. bain was there to make a profit for its investors. but it is a hard sell to what is right now the core of romney support, isn't it? which is that the working class voter who has seen so many of the jobs go away? >> well, let me just say that in terms of bain, bain put out a statement that said that this that story, they confused fees for profits, and that they didn't make a profit in those instances, but i refer that to bain. but the fact is that when mitt romney was involved with bain capital, it was very successful in generating jobs. you look at companies like staples and others -- >> well, there is no records, and we are kind of arguing -- >> look at staples. there are a lot of jobs when you walk into a staples. >> well, a larger picture we don't have -- >> and let me tell you about the larger picture we with have since president obama took office, 500,000 fewer americans are working today. 23 million americans are either out of work entirely or underemployed and not working full time, but part time instead of full time and left the workforce entirely as a result of his policies. we just saw last month we've had the lowest postings of new jobs available by american companies in five months. we've had 40 months of 8% unemployment oer. and we have seen a decline of family income by $4,300 and that is the big picture, candy, and that is what americans are focused on going into november. >> let me ask you a couple of things because i had david plouffe on last week, and i asked him whas the plan to get people employed, and so when it comes to immigration and reform, we know he wants to do it in a civid bipaisan way to have immigration reform include something like what the president did by executive directive, and what we don't know, is a, will he keep the directive in place while he works out immigration in a hoe lis ti manner? >> well, first of all, we saw what the president did this week was to take a shower or thunderstorm gain -- >> and since time is short, i need to know about mitt romney. >> every executive action that president obama has taken will be subject to review. in the case of this case, it is subject to review whether it is legal, and so there is legitimate questions about the legality of it, and everyone he takes here on forward is subject to review and repeal. >> we know subject to review, but isn't it important for not just the kids involved or the young 20-somethings who say, wow, now if i meet certain criteria, i can get my working papers and come january 20th or whenever the inauguration is, if mitt romney is president, they could lose it? shouldn't there be some certainty as to immigration or what he wants to cut or sustained tax cuts, and there are no specifics here that we can look at and voters can look at and say, oh, okay, here is what he wants to do, and i support that, and immigration is one of those. it is a simple question, would he keep that in place until he gets to a broader reform. >> well, two questions. first, governor romney's planb to grow jobs and bring jobs back is something we have been trying to lay out for weeks now. we've had a series of adds called "day one." we'd approve the keys pipeline or repeal obama care, get tough with china and stop them from manipulating currency. let me go back to the other question. and so now between n and november, it is clear that the oval office is an extension of the chicago campaign headquarters, and they will make a lot of political moves and there are a lot of target dem graphs that the president will try to appeal to do with executive actions. and the if a president romney is elected, he will. >> i have to run, but you can't tell me whether he will leave it in place? >> they are subject to review and repeal. >> ed, i am sorry so short, and as you know the world is going crazy. >> i understd coletely. >> an update on egypt's presidential election when we come back. an instrument that cleanses as effectively as what's sold by skin professionals for a ollot ss. olay p x advanced cleansing system. support team usa and show our olympic spirit right in our own backyard. so we combined our citi thankyou points to make it happen. tom chipped in 10,000 points. karen kicked in 20,000. and by pooling more thankyou points from folks all over town, we were able to watch team usa... 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[ engine revving ] it's bringing the future forward. 14 clubs. that's what they tell us a legal golf bag can hold. and while that leaves a little room for balls and tees, it doesn't leave room for much else. there's no room left for deadlines or conference calls. not a single pocket to hold the stress of the day, or the to-do list of tomorrow. only 14 clubs pick up the right one and drive it right down the middle of pure michigan. your trip begins at michigan.org. joining me now from beautiful downtown chicago is congressman luis gutierrez, a democrat from illinois, and also joining me here in washington is carlos gutierrez who is an adviser for the romney campaign, but served as commerce secretary for george w. bush's second term. thanks for joining us. first to you, mr. secretary, is it sustainable for the romney campaign to continue to say that we are not going to tell you whether or not we would undo the president's directive dealing with allowing young immigrants who came here under thage of 16 to stay? >> well, what the governor has said is that he wants, and this is a commitment he is making. he wants to do something permanent, long-term, and not a patchwork -- >> and so does the president. >> but he has not been able to. >> exactly. >> and he has not done that. >> but the question is about the kids. >> and to tell, congress, don't worry about i