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Thank you. the u.s. trade deficit surged in june by 18.8 points. reaching the highest level since october of 2008. applications for home loans were up .6 of a percentage point despite lowest interest rate in decades. stock lost 2% today. the dow dropped 65 1/2 and is now under water for the year. s&p 500 fell 31 1/2 and the nasdaq lost 68 1/2. social security will pay out more than it takes in this year. people are scrambling for solutions. chief washington correspondent jim angle looks at the cause and effect. >> good news and bad news and one in the same. the good news is americans are livin...

>> geraldo: let's take a look at new york. go to matt. here you have paladino who was trailing by 33 points and closed it to 18.8 points in the last month, trailing andrew cuomo the state's attorney general. but matt, carl paladino has been exposed as coming from the lunatic fringe. will that hurt other tea party candidates across the country? >> they are trying to nationalize the weakest so-called tea party candidates across all of the races. >> geraldo: good point. >> that is not the going play. in nevada, the voters in nevada want to know about what we are going to do about the size of gove...

The under employment rate is 18.8%. stocks were mixed today. dow lost 19. s&p 500 gained back two. nasdaq picked up three. mortgage rates tumbled to another record low this week. the 4.27 rate for the 30-year fixed loans is the ninth record low in the last 12 weeks. people on the other end of the equation, those losing their home focus of a new movement in washington. correspondent james rosen reports that prompted the president to refuse to sign the new piece of legislation today. >> reporter: amid a tsunami of state and federal investigation into reports that top mortgage lenders carried o...