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Doing with a wink and a nod i'm under duress. don't pay any attention to what i'm saying. >> laura: like a hostage tape. with us now, fox news contributor lany davis, a former special counsel to president clinton. first of all, i'm so glad you're here on a day like today because it's, you know, your old boss is it's in the news again. he raises a lot of money and he's so popular. and he says what i think a lot of democrats on wall street also believe is that these tax cuts should be extended. that, you know, we cannot throw any more monkey wrenches into this economy, especially when we have ta...

Doing with a wink and a nod i'm under duress. don't pay any attention to what i'm saying. >> laura: like a hostage tape. with us now, fox news contributor lany davis, a former special counsel to president clinton. first of all, i'm so glad you're here on a day like today because it's, you know, your old boss is it's in the news again. he raises a lot of money and he's so popular. and he says what i think a lot of democrats on wall street also believe is that these tax cuts should be extended. that, you know, we cannot throw any more monkey wrenches into this economy, especially when we have ta...

your financial security depends on your job and americans are looking to washington for answers. welcome to "your $$$$$." president obama saying this week that he'll announce a new jobs initiative in september. john king is cnn's chief national correspondent. americans need help now. the president apparently is going to offer something next month. what's the delay? >> next month because the president says he wants to talk to his economic advisers. they're reaching out to ceos. the white house says this will not be a repackaging of things the president has put on the table. ali, you k...

that he'll announce a new jobs initiative in september. john king is cnn's chief national correspondent. americans need help now. the president apparently is going to offer something next month. >> next month because the president says he wants to talk to his economic advisers. they're reaching out to ceos. the white house says this will not be a repackaging of things the president has put on the table. extending the payroll tax cut, which the administration says hope to create jobs, extending unemployment insurance for people out there frustrated and can't find a job. the question i...

of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? >> reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being creamed by what is happening at the moment, by far and away being breutally attacked. and the german indu...