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As we saw and drag it out. talk about the real impact that that has on real institutions of finance like on wall street. >> well, it just creates uncertainty. the way i would put it, we will get a deal at some point. i don't think it will be late this year, i think it will be early next year. the question is how much turbulence do you encounter just to continue the plane analogies before that and how much confidence gets affected from that? with an economy just at stall speed or maybe even below that, you don't want any other shocks or kind of uncertainty out there, and that's exactly what we'...

Weather patterns and the way it set up this weekend. maybe d.c. and pittsburgh a slight chance of a storm but that's about it. as we go through the last couple days of july, the heat wave is just unrelenting in the middle of the country. the drought continues, if not getting worse. look how hot it's going to be today. we have heat advisories and warnings from oklahoma down to new orleans, and today we'll be about 105 to 110 degrees from kansas to oklahoma to arkansas. even dallas is now getting into the mix with 105 today. so the forecast east coast cooler, chance of showers along the southeas...

Suggesting that barack obama isn't an extraordinary speaker politically when you get in front of large groups, but he does have trouble and the white house will admit he has trouble sometimes relating to working class americans who are out of work who are struggling. joe biden certainly is fantastic in that realm. also bill clinton, but, my god, after the latest numbers, they're going to need to be able to talk about the economy in the way it's going to move independent swing voters and struggling americans. >> and no speech is going to reduce the anxiety level that exists amongst so many amer...

What are analysts saying would cause this precipitous drop? >> a whole mix of things going on in the world that make people nervous, whether it's the middle east, the unemployment number, the fiscal cliff, what's going to happen at the end of the year with taxes and the budget finally starting to bear. the whole political uncertainty. it's starting to weigh on consumers and they're getting nervous. >> you know, we don't want to be too insular here and think too many people obsess and focus too much on what's going on in politics and the political realm, but i've got to say, if i'm a consumer, ...

A lot of it has to do with the slowdown in europe and the slowdown around the world where simply there isn't as much demand for your manufacturing goods as there was before. >> steve rattner, bobby jones always talked about golf being between the ears. a lot of times that has to do with the economy also. we see all these numbers, but at the end of the day it comes down to how confident people are that they can get the money out of their wallet and spend it if they have it. what does consumer confidence look like right now? are americans getting more or less confident as we move towards the ele...