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Ira get a chance to look at a lot of young people who dont thank i am a crazy nutcase. I just spent all semester convincing them that their different ways to think other than the dominant level ideology. Ii know how edge it gets so i would like you all to stand for just a moment if i could. We are going to do something completely crazy that i never get to do. We are going to say the pledge of allegiance. Are you ready . I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god indivisible with liberty and justice for all. Than...

Now focus turns to tomorrows report from walmart and kohls and whether a key compress of the economy is softening. A turn to apple, a company you probably never heard of is trying to beat apple in its game. The place china, the weapon a cheaper smart phone. That and more tonight on nightly Business Report for wednesday, august 14th. Good evening everyone. Cisco with earnings that top estimates and solid revenues but this quarter is worrying investors. John chambers is warning its revenue will be below wall street expectations and lay off 5 of its work force, thats about 4,000 people. Shares fe...

Tsunami. And carolyn miles the ceo to save the children. Shes no stranger to educating and feeding kids around the world. But you might be surprised to hear what shes doing to help poor children right here at home. And that brings us to charles best. He has come up with a brilliant way for people who want to donate money for specific projects and Public Schools. First tony blair why its so important to continue working and keep an open mind. I think the big big battle of the world is between the open mind and the closed mind. The open mind looks at the problem and sees potential and culture an...

We have an exclusive look at the Td Ameritrade conference. Fred tomczyk will join us to break it all down for us. There are hundreds of millions of dollars in investments wandering around. We will find out where theyre putting their money to work and thinking no better day than a day like this to have so much rain power to help us sort through the day. Lori thank you so much, melissa. It has been 15 minutes since our last check of the New York Stock Exchange. Weak earnings seems to be the culprit for the sharp selloff on wall street. What else is going on . Nicole we have serious concentration...

Government are eager to keep piling it on. Causing what you might call a devastating cut dependency with traders. The Labor Department reporting today, new jobless claims dropped last week to the lowest level in nearly six years to a total of 320,000. Good news, but traders worry that the fed will cut back on its Stimulus Program causing the dow sank 225 points. Here to weigh and, a harvard economist and columnist for the new york post. Im going to start with you. A selloff in the markets. This one dams. What you make of that . Is puzzling. The fact that the economy is growing at better than w...