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Replacement would be bob dudley, the current managing director of bp's who in houston. he's 54 years old. he would be the first american to head the british petroleum giant. it also represents a move by bp to acknowledge that america is 40% of their business and also represents the greatest achievement for them in the going forward from this disaster. >> and charles, we're hearing october, some people are saying we're going to get this announcement sooner, are you hearing a definitive answer when we will get an announcement from bp about this? >> it comes one day ahead bp's earning reports whi...

News that b.p. c.e.o. tony hayward is stepping down certainly welcome news in grand isle. people -- that news spread fast here. he's certainly not one of the most loved men here. they're saying they want someone at b.p. who understands their situation. news is that bob dudley will be taking over for b.p. b.p.'s board is meeting this evening. we should get more information out of that. this is, of course, ahead of their tuesday second quarter earning reports that are due out tomorrow so this is news certainly timed for that. while it's welcomed news here, people have a message for b.p. here's w...

We'll have to see how the markets react and look at the fine print. as he said maybe some of the testing was lenient. at the top line this is good news. jenna: not a whole lot of reaction in our market here on this news. we stress tested our own banks back in 2009. do you think we'll do something similar. >> that's right. i think we had the stress test. you put the bad news out in public so the good banks can have access to the private capital market. the u.s. banks had to raise 75 billion in capital and they did that. these european pwa*pbs that are healthy will go to the private market to se...

Earnest, there are a number of obstacl obstacles. this won't be quick one way or the oh, but i agree that democrats need to get moving on it. >> health insurance companies are playing sort of an unexpected role. we know they're not stupid. they must know that raising rates by these dramatic amounts can only help people who support reform. what is this 75% rate hike say about the state of the health insurance industry? >> it says this is what the business model is. over here, there's politics going on. they know that and don't want to get hurt in it. but they don't think this is bad because for...

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