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cnn that the texas governor will throw his cowboy hat into the ring, if you will excuse me me on saturday at red state conference in south carolina. his speech is expected to focus heavily on the texas economy, half of the jobs created in this country. the perry people will point out in the last two years, were in texas. republicans are going to point to that as a success story. democrats say, not so fast. most of those jobs are low-wage jobs. the democratic source told me earlier today. governor perry is all hat and no cattle but after the speech in south carolina, anderson, he head...

fewer americans filed first-time jobless claims last week. the labor department says that it got 395,000 initial claims. that's a drop of 7,000. it is the first time the number dipped below 400,000 since early april. united nations says that the drought ravaging the horn of africa has not peaked. that means a long-term threat of famine. the u.n. says 12 million people, if you can believe that, are at risk. desperately needs more than a billion dollars to feed them. musician and activist bono talked to anderson cooper who is reporting from somalia this week. >> people watch the values...

watermelon haul, which you can picture. >> oh, boy, yes, i can. hey, go big or go home. that's what i say. thanks, jeff. >> okay. >> all right. at 10:00 a.m. on the east coast, 7:00 a.m. out west, i'm kyra phillips. thanks for joining us. wall street just minutes after opening, only hours removed from the gut-wrenching plunge, u.s. investors seem to be shrugging off some of the concerns, at least for now. riots erupt across great britain. dozens of police officers hurt. hundreds of people arrested, and a government desperately trying to tamp down public rage. 61-year-old diana ...

complicated partisan bickering. the senate went o recess without giving the agency a short-term funding extension. president obama believes the issue will be resolved by the end of the week. the transportation secretary says you have nothing to worry about when you fly. i'll be speaking to him later on "american morning." president obama turns 50 today. he qualifies for a free scoop at baskin-robbins. and he got a surprise in chicago ♪ happy birthday to you ♪ happy birthday to you ♪ happy birthday -- >> jennifer hudson much better singer than rahm emanuel. 26 seconds of the...

streak, tiger woods returns to the pga tour. in less than five hours he tees off in the bridgestone invitational. congress celebrated its long overdue deal on the debt crisis by racing out of town for summer recess. lost in that cloud of dust, funding for the faa and thousands of workers who now can't be paid. >> personally, this is devastating. i've spent -- i spend most of my day trying to figure out what -- what can i not ay, what can i pay, where can i get extra cash. we're pretty much going to burn through all of our savings within a monday. athena jones is on capitol hill. ...