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The help he gets on unemployment number. but second, i think the problem here is that this is happening with the economy on steroids. stimulus, from the fiscal and the monetary side is almost unprecedented. $1.3 trillion in deficit spen spending. we are borrowing the money. the unprecedented stimulus. borrowing rate for short-term loan is zero. you add on a payroll tax holiday. at some point the stimulus has to stop. >> politically the white house is betting not just on lower unemployment rate but trajectory. to get it so country looks

The help he gets on unemployment number. but second, i think the problem here is that this is happening with the economy on steroids. stimulus, from the fiscal and the monetary side is almost unprecedented. $1.3 trillion in deficit spen spending. we are borrowing the money. the unprecedented stimulus. borrowing rate for short-term loan is zero. you add on a payroll tax holiday. at some point the stimulus has to stop. >> politically the white house is betting not just on lower unemployment rate but trajectory. to get it so country looks

Said that he loves his country, he wants to see it modernized, and he will carry on the fight. now, he's definitely not the retiring type as we've seen in the past. 75 years old but still a whole lot of energy. and finally, jenna, people seem to give the benefit of the doubt to monty when his name first surfaced. today already it's a how much tougher situation, both the stock markets across europe and also the borrowing rate in italy going up very high. it's looking pretty clear like monty is not going to be as much fun as berlusconi, but perhaps he can get italy's financial house in order. je...

Today, it makes 8% from its highs. so a 5% correction handily in tow. for a while, we were appreciably beyond a 10% one. it's now under water for the year. the dow under water in japan. its market under water. all the major european indices under water. that would mean the gains they experienced as the year ensued and it's been an incredible year, gone. now gone. now as we look at this in fast forward motion, a lot of this was fueled by interest rates backing up. for awhile, a ten-year note, which is a key borrowing rate, one that a lot of mortgages are paying to, a lot of car loans are pegged...

Parker and "vogue" magazine raising $4.5 million for his campaign. chris? >> chris: learn the economic speeches with the panel, ed. thank you very much. the number of homes receiving default or scheduled home auction notices last month was up 12% from april and 16% over last may. the dow was up today gaining over 155 points. the s&p 500 was up 14. nasdaq finished 18 ahead. spain's key borrowing rate hit the highest mark since that country joined the euro in 199 #. that followed a hefty credit downgrade by moody's to just above junk status. spain and italy are promising new measures to address ...