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newsroom" starts with the handsome t.j. holmes. >> i hope erin burnett knows she is getting a great bartender there. kelly takes this seriously and made great drinks for you when i was up there with you guys a couple of weeks. you all do your 9:00 thing. i know exactly where y'all are going there in the time warner center. good to see you all! thanks so much, guys. all right. top of the hour here now. i am t.j. holmes today in for kyra phillips. this hour, unfortunately, we have to begin with the latest bad sign that this economy in this country is stalled. you've been hearing ab...

overnight. this morning, new measures of the economy is adding to all of the gloom. christine romans, part of our money team, joining us once again from new york. where do things stand now? >> reporter: we have been watching this unravelal the past four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe's debt problems and also mentioni...

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe's debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to b...

should be asked to pay their fair share of taxes and that's not sitting well with republicans on this "american morning." all right. good morning, everyone. it's tuesday, august 16th. this is "american morning." a lot going on this morning. let's get -- >> why is there a lot going on? isn't this august, not supposed to be a lot going on. >> don't you wish one day we'd say there's nothing going on, go home. >> change the channel. a lot has to do with the economy, up first president obama talking jobs in the heartland of america. the president is in iowa this morning. no straw polls....

front-runner but he was not feeling the love at the iowa state fair. he got heckled and laughed at over three words he said, words he may come to regret on this "american morning." -- captions by vitac -- www.vitac.com ing. >> oh, thank got it's friday. >> wait a minute. i've got to move my stuff. >> good morning. happy friday to you. it's august 12th. welcome to "american morning." up first, texas governor rick perry, the elephant in the room, is about to go on for 2012. perry says he's ready to toss his 10 gallon hat into the ring. >> we're going to have an announcement at 1:00 e...