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CNNW Your Money June 17, 2012

candidates aren t telling you about what is and what is not within their power to change. but first, i ll tell you about a storm that s raging in the distance. it s headed to our shores. it s an economic storm. it hasn t hit yet. we re starting to feel the outer bands of it. those who watch me every week know, i m generally an optimist. but i understand the u.s. economy. the u.s. economy is driven about it confidence of its citizens. the customer in this case is the american consumer and is always right. they think things are slowing down, it will welcome self-fulfilling because they ll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i m talking about. here s the good news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have been fewer jobs created each month than were created than in the month before. but jobs are being created, not lost. so ....

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CNNW CNN Newsroom June 17, 2012

react tomorrow. the center right party got the most votes today. that s the party that pushed for a european bailout and to stay in the eurozone. it is complicated, but you need to know why this election has big impact on our economy right here in the united states. we ll go live in athens in a moment as well. election results not so clear in egypt. polls are now closed there after two days of voting for president. voting wrapped up today in a runoff that will elect the first post-revolution president of egypt and the first leader other than hosni mubarak in nearly 30 years. official results are to be announced on thursday. jerry sandusky s defense will present its case this week possibly starting tomorrow. his attorney is expected to argue the former penn state defensive coordinator suffers from a disorder called histrionic personality disorder involving low self-esteem that requires approval from other people. sandusky is charged a 52 counts of molesting 10 boys f ....

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CNNW CNN Newsroom June 16, 2012

egyptians are choosing between with a conservative islamist or a former member of hosni mubarak s ousted regime. they re following the egyptian vote in cairo. ivan what has it been like there. have people been coming out in large numbers to cast their ballots? reporter: there s a steady stream of people here in this women s polling station, fredericka, and as you mentioned, the choice is pretty dramatic and it s between a former air force general and it was a member of hosni mubarak s parliament, the hand-picked prime minister shafik and the candidate from the muslim brotherhood, mohammed morsi and this is taking place at a time of significant political turmoil because just a few days ago a supreme court here ordered that the recently elected parliament had to be disbanded and that is a parliament that was dominated by the muslim brotherhood, and that s thrown the whole political system into disarray. nobody knows who will be in charge. the muslim brotherhood has just ....

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CNNW Your Money June 16, 2012

right. they think things are slowing down, it will welcome self-fulfilling because they ll stop spending. businesses stop hiring. and the economy could grind to a halt. let me tell what you i m talking about. here s got news. we had 20 straight months of job growth in the united states. the pace of that growth is slowing. the last five months, there have been fewer jobs created each month than were created than in the month before. but jobs are being created, not lost. so that should make people feel better, not worse. let s talk about your homes. a lot of your equity is there. the home prices in the routes probably at or near their bottom. the so-called shadow inventory of homes is lower. foreclosures are up. but those are a new wave of foreclosures from the signing scandal. we re probably near the end of this thing. fewer homes, less inventory makes it a good time to buy. if you re buying a home, at 4% mortgage interest rate or lower on a 30-year fixed mortgage, the r ....

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CNNW CNN Newsroom June 16, 2012

of what he has to say just as soon as he takes to the mike. we ll bring it to you. earlier mitt romney stopped in weatherly, pennsylvania where he spent most of his time talking about the economy. he also spoke by satellite to the faith and freedom conference in washington where former rival rick santorum urged fellow social conservatives to rally around the romney campaign. i ve talked to governor romney about this issue and i have no doubt and i mean this in all sincerity, no doubt he understands the centrality of family. he understands the importance of family for our culture, our economy, and for our future. and again we expect mitt romney to speak just a few minutes and we ll carry it for you on cnn. make sure you stay with us. romney s avoided talk today about president obama s big immigration announcement. mr. obama s surprise move to allow some young people to avoid immigration. this story is about a young woman in georgia who after a simple traffic stop cha ....

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