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shopping sprees, but are still out there spending and that's good. the dow fell to the lowest level in 30 years, but we are not seeing the wild swings we saw all week. the dow closed down 600 on monday and up 400 on tuesday and down 500 points on wednesday and up 400 yesterday, and it was the first time in the dow's history we have seen closing numbers like this. drew? >> you could probably measure the heartbeat of traders the same way, up and down. tell us what happened in europe? they are trying to prevent the wild up and down swings. >> what they are doing is they are putting a te...

longer the elephant in the room, governor rick perry announces he's joining the republican party for president. >> he may be the republican front-runner but he was not feeling the love at the iowa state fair. he got heckled and laughed at over three words he said, words he may come to regret on this "american morning." -- captions by vitac -- www.vitac.com ing. >> oh, thank got it's friday. >> wait a minute. i've got to move my stuff. >> good morning. happy friday to you. it's august 12th. welcome to "american morning." up first, texas governor rick perry, the elephant in the room,...

Saying he we all need prayers. we can have muslim prayers, jewish prayers, christian prayers. >> actually we can't have that because franklin graham is a person who went one step further. he, on the record, as recently as this week on this very network not only says all people who are muslims need to convert to christianity but he has called the whole religion wicked. he called it evil, he called it violent. does this help? does the pentagon have to give him a place to speak about this which is, in fact, going to make the terrorists say this is a crusade. >> laura: how about the clerics who ac...

Saying he we all need prayers. we can have muslim prayers, jewish prayers, christian prayers. >> actually we can't have that because franklin graham is a person who went one step further. he, on the record, as recently as this week on this very network not only says all people who are muslims need to convert to christianity but he has called the whole religion wicked. he called it evil, he called it violent. does this help? does the pentagon have to give him a place to speak about this which is, in fact, going to make the terrorists say this is a crusade. >> laura: how about the clerics who ac...

Saying he we all need prayers. we can have muslim prayers, jewish prayers, christian prayers. >> actually we can't have that because franklin graham is a person who went one step further. he, on the record, as recently as this week on this very network not only says all people who are muslims need to convert to christianity but he has called the whole religion wicked. he called it evil, he called it violent. does this help? does the pentagon have to give him a place to speak about this which is, in fact, going to make the terrorists say this is a crusade. >> laura: how about the clerics who ac...