tv Way Too Early With Willie Geist MSNBC December 1, 2011 5:30am-6:00am EST
good morning, i'm willie geist and this is "way too early," the show that once stepped to long island one night outside the crazy donkey farmingdale and regretted it dearly. glad you're up watching us or listening live on sirius xm radio. shoot me an email or tweet me @williegeist 1. or text the word awake followed by your response to 6 2639. the next 30 minutes will be your cram session for thursday, december 1st. there's a lot to tell you about, including the republican counterproposal to the president's payroll tax cut. we'll see if they can find middle ground on at least one issue. plus, brian williams follows up the broadcast where he fought a fire alarm while delivering the news with a cameo on last night's daily show. we'll show you that clip later in the show. first, let's get to the
news, live at 5:30 a.m. at 30 rock in new york city. a little bit of optimism this morning on wall street coming off the dow's seventh largest gain of all time. on wednesday. markets surging, wiping out last week's slump, the dow helpth 490 points, capping a 7% gain over the last three days. wednesday's session was the best showing in more than two years. investors are boosted by joint effort between the federal reserve and other central banks around the world to offer emergency loans to lower the cost of borrowing. still, there's some concern the joy may be short-lived as large parts of the european debt crisis of course remain unsettled. reporting in this morning's "wall street journal" said the fed was pushed into action by executives on wall street over concerns that europe's problems will spread to banks here in the united states. an early look in your markets as we get all up in your business. cnbc's geoff cutmore is live in london. can we keep this thing going?
>> the economists are saying this is just a temporary fix. there were concerns about a bank possibly struggling here this eases pressure on the global liquidity crunch. it's basically a swap your euros for dollars at a cheaper rate. take some of the pressure off the europeans, but it doesn't cut to the heart of the issue and we still haven't really set about addressing europe's debt problem. but we'll take what we can get in this december. so running up to the end of the year, central banks very much on the front foot, easing the pressure. some of the data bet nert u.s. as well, the consumer numbers were good and the adp jobs report, 206,000 suggesting that maybe america's private sector is putting unemployed americans back to work. so that is a positive that we can run with here. on the european market, we are a little bit high anywhere the ftse. flat in the zetra and the cac, coming into the u.s. open, could be a little bit flat, but generally the tone is good.
because we see the policy-makers are on the case. back to you. >> for now. but as you point out, geoff, the criticism is they're treating the symptom rather than the root problem. we'll see how long this holds up. geoff cutmore, live in london. to politics with poll numbers on the rise, newt gingrich trying to convince republican primary voters that he's the candidate to beat. the former house speaker saying he will surpass mitt romney because of his record of consistent conservative accomplishments. >> i'm clearly more conservative candidate by any rational standard. i had a 90% american conservative union standing for 20 years. i helped ronald reagan and jack kemp develop supply-side economics and helped lead the effort to defeat communism in the congress. people are saying i think we need newt gingrich because we need somebody who can debate obama. we need somebody with substantial big ideas. and so i think whereas i would have thought originally it was going to be mitt and not mitt. i think it's going to be it may
turn out to be newt and not newt and that's a very different formula than frankly. i'm having to redesign our campaign strategy, because we're at least 60 days ahead of where i thought we'd be. >> we heard mitt romney going after gingrich in an interview on fox news, last night the attack on gingrich not coming from romney, but texas congressman ron paul. paul taking aim at what he says is gingrich's often-changing record and his ties to washington insiders. in a scathing web video, the paul campaign labels gingrich a quote serial hypocrite. >> beyond the words is a real question of policy. and a real question of values. and a real question of seriousness. the real question of policy. >> we don't always see eye to eye, do we, newt. >> no, but we do agree our country must take action to address climate change. >> newt gingrich has been on both sides of a long list of issues.
sometimes in the same week. >> i don't think right-wing social engineering is any more desirable than left-wing social engineering. >> what allies like that who needs enemy? >> look at the politician who is created the environment. the politicians who profited. the politicians who profited from the environment. >> newt gingrich on the defense for taking $1.5 million. >> after he left congress, freddie mac gave gingrich $1.6 million. some of it just before the housing market collapsed. >> everything that gingrich railed against when he was in the house, he went the other way when he got paid to go the other way. >> that's the ad from the ron paul campaign. meanwhile, mitt romney continues to field questions about his support for health care reform, as massachusetts governor. in an interview with fox news, romney did not hide his frustration with the line of questioning. >> do you think a mandate, mandating people to buy insurance is the right tool? >> bret, i don't know how many
hundred times i've said this, this is an unusual interview. let's do it again. >> so that was from a couple of nights ago. after the interview, fox news says romney complained about the repeated questioning. bret baier, the man who conducted the interview, talks about his exchange with romney when the cameras turned off. >> he said he thought it was overly aggressive. >> he did, he said that to you? he said he thought it was overly aggressive? >> he did. and as we were walking in the walk and talk. and after we finished, he went to his holding room and then came back and said he didn't like the interview and thought it was uncalled for. >> romney coming back later to call out bret baier on his line of questioning. mitt romney trying to put his focus on the economy, focusing on fiscally-conservative voters in new hampshire, with a new ad. >> i spent my life in the private sector, i've competed with companies around the world. i've learned something about how it is that economies grow. we're not going to balance the budget despite pretending that all you have to do is take out
the waste. we're going to have to cut spending and i'm in favor of cutting spending, capping federal reserve spending as a percentage of gdp at 20% or less and having a balanced budget amendment. the right answer for america is to stop the growth of the federal government. and to start the growth of the private sector. i'm mitt romney and i approved this message. >> a political ad from the romney campaign. michele bachmann's campaign trying to clarify something she said yesterday about iran at an iowa town hall meeting. here's what she said originally. >> you may have heard there's a break at the british mens and the british had to pull their people out. that's exactly what i would do. we wouldn't have an american embassy in iran. i wouldn't, i wouldn't allow that to be there. because they are a state sponsor of terror. >> the united states is not an embassy in tehran in more than 30 years. the bachmann's campaign says the congresswoman's comments were taken out of context. in statement, congresswoman
bashman is a member of the house select committee on intelligence and is fully aware that we do not have an embassy in iran and have not had one since 1980. she was agreeing with the actions taken by the british to secure their embassy personnel and was speaking in the hypothetical. i think we can all move on from that one. herman cain says he will decide in the next few days whether or not to pull the plug on his presidential bid. for now the republican businessman is plowing ahead with his campaign schedule, striking a defiant tone in ohio yesterday. against accusations that he had a 13-year extra marital affair. >> they want you to believe that with enough character assassination on me, that i will drop out. let me tell you, the american people have a different idea.
obama might raise $1 billion, but the american people are going to raise some cain in 2012. >> raise some cain. later in the day, mr. cain suggested the multiple allegations of inappropriate behavior, may all come down to simple politics. >> i can only conjecture that maybe i am the democrat's worst nightmare if i win the nomination. maybe the democrats want newt gingrich to win the nomination so they can then go after his personal life. but they need to knock me out now. that's just a hypothesis. >> and when asked about phone records between him and his latest accuser, mr. cain said quote, i talk to a lot of people, 61 times. back in washington, president obama making his eighth trip of the year to pennsylvania, continuing his push for the american jobs act. while trying to shore up support in a key election battleground. in a speech, the president challenged republicans' position
on the payroll tax cut extension. a key part of his proposal. >> republicans said they're the party of tax cuts, that's what they said. a lot of them have sworn an oath to never raise taxes on anybody as long as they live. how is it that they can break their oath when it comes to raising your taxes, but not break their oath when it comes to raising taxes for wealthy people? that's the very simple choice that's facing congress right now. are you going to cut taxes for the middle class, and those who are trying to get into the middle class? or are you going to protect massive tax breaks for millionaires and billionaires, many of whom don't even want those tax breaks. >> congressional republicans are signaling support for the measure, with senate minority leader mitch mcconnell saying there's a majority sentiment to continue the tax breaks. democrats are proposing a tax on the wealthy, those making over $1 million a year. that's a plan republicans have rejected in favor of paying for the bill through other means. house speaker, john boehner, says it all comes down to that
bottom line. >> we're going to continue to seek common ground on this issue. there's no debate, though, about whether these extensions ought to be paid for. the president's called for them to be paid for. democrats here have called for them to be paid for. and so if in fact we can find common ground, on these extensions, i think you can take to the bank the fact that they will be paid for. >> house and senate republicans expected to offer their alternatives soon with a congressional deadline to act by the end of the month. one of those proposals could come from house majority leader, eric cantor. politico is reporting that cantor is speaking to colleagues about a package that would allow the payroll tax breaks to continue, but scale back the automatic spending cuts on defense that have been triggered by the failure of the supercommittee. president obama said he will veto any attempt by congress to get rid of those automatic triggers. and vice president joe biden is talking about jobs while on a
trip to iraq. in an interview, vice president biden praised the skills of america's military. saying there's a national responsibility to help them find work once they return home. >> this is the most talented generation of warriors in the history of the united states of america. every american business out there, if you want somebody who knows how to handle pressure, who knows how to handle billions of dollars' worth of equipment, who knows how to operate under fire -- hire a veteran. we have an obligation, they fought over here, they've gone through these god-awful sands and deserts in the middle of a war. they're in godforsaken places out in afghanistan, they shouldn't have to come home and fight for a job. >> this month, congress passed the vow to hire heroes act, which gives tax credits to businesses that hire unemployed and wounded veterans. still ahead here on "way too early" -- arizona's john mccain versus new york's chuck schumer,
insult of long island, followed by demand for public apology, followed by excellent nonapology on the senate floor. you don't want to miss this nonsense. plus, brian williams shows jon stewart what it's like to have an alarm going off for the entirety of the nightly broadcast. that and a check of weather.
♪ ♪ ♪ when your chain of supply ♪ goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there ♪ ♪ track it all through the air, that's logistics. ♪ ♪ clearing customs like that ♪ hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, ♪ ♪ that's logistics. ♪ [ man #1 ] i was fascinated by balsa wood airplanes since i was a kid. [ man #2 ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the ground to 35 thousand feet. these engines are built by hand with very precise assembly techniques. [ man #3 ] it's gonna fly people around the world. safely and better than it's ever done before. it would be a real treat to hear this monster fire up. [ woman ] i think a lot of people, when they look at a jet engine, they see a big hunk of metal.
the tree is on, went on last night, it's 5:46 in the morning. that baby will be on, until know until when, january? something like that let's get a check of the weather from nbc meteorologist todd santos. >> it was off this morning when i came in, i wanted to see it lit. but thank you. >> i didn't know they turned
that baby off, good to know. >> i think they did to disperse the crowd, whatever it takes, but if you get out this morning, you can see it across the northeast we're dealing with clear conditions. plenty of sunshine and cool temperatures in place from boston down to d.c. not much of an issue travelwise, across these areas, albany just below freezing, sunshine all over the map, extending back to pittsburgh. your high topping off in the mid 40s. in you're traveling, in the west back towards denver, colorado, we're starting to see snow move in. could see five to eight inches accumulating in the city as you work in through the afternoon. so keep that in mind. if you're traveling, meanwhile back down through florida, have a jacket today, 46 degrees in orlando. 30 in atlanta. 41 in new orleans right now. the other big story across the west, will be the winds coming down out of the mountains. have seen wind gusts upwards of over 150 miles per hour. in mammoth mountains. down towards los angeles, a
small brush fire could be an elevated fire danger. turning to sports, new allegations surfacing against former penn state assistant football coach, jerry sandusky. in first of what could be several lawsuits against him. a 29-year-old man claims sandusky abused hill more than 100 times when he was a boy and threatened to hurt his family if anyone found out. this is the accusation. the latest accuser says the abuse happened over a four-year period. his lawsuit targets penn state university and the second mile charity where sandusky allegedly found many of his young victims. some on-the-field sports news in the nfl, buffalo receiver stevie johnson said he's done performing touchdown celebrations after his latest earned him a $10,000 fine and widespread criticism. the league punished johnson for mocking jets receiver plaxico burress by pretending to shoot himself in the thigh. johnson would not discuss the fine. he did post a picture on twitter
of an envelope he found waiting from the nfl, in his locker. johnson says he apologized to burress for the incident and is now focused on the bills' sunday game against the titans. plaxico said immediately after the game, he thought it was funny and it's water under the bridge. coming up at the top of the hour, newt gingrich lays out his case as a real conservative in the republican race, a case he says includes his defeat of communism. and when we come back, we'll huddle around the water cooler to watch brian williams confront jon stewart in the daily show kitchen, with a bullhorn. "way too early" coming right back. [ elevator bell dings ] ugh, great. you may be going up, but those roots are bringing you down! try root touch-up by nice 'n easy. to extend the life of your color. nice 'n easy has 50% more shades,
so you can find your seamless match. with root touch-up by nice 'n easy. nyqui tylenol: me, too. and cougnasal congestion.ers?. nyquil:what? tissue box (whispering): he said nasal congestion... nyquil: i heard him. anncr vo: tylenol cold multi-symptom nighttime relieves nasal congestion... nyquil cold & flu doesn't.
congress staring down yet another deadline, this time it's over the payroll tax cut extension, which democrats say would add an estimated $1500 to your paycheck next year. if you want to sound smart, tell your friends that under legislation signed by president obama last year, the payroll tax paid by workers on incomes up to $106,000, was cut from 6 billion 2%, to 4.2% through the end of 2011. the tax is used to pay for social security and medicare. congress must act by december
31st to prevents it from reverting back to 2010 levels. let's huddle up around the water cooler to watch the follow-up you knew was coming to the brian williams versus the fire alarm incident on the "nightly news" the other night. >> you'll forgive us we have a fire alarm announcement going on here in the studio. [ laughter ] >> no, i will not forgive you. >> while staying in the air, they'll perhaps not something special any more. again, we have an announcement going on here in the studio. >> that's the [ bleep ] i'm going to kill someone smile. i've seen that. i'm sure after the commercial break they finally fixed that alarm. >> friday, 10:00, 9:00 central on nbc. >> as we continue to deal with a
fire alarm that is stuck. >> he's not even pretending any more. >> oh for. [ sirens ] >> this better not be what i think it is. [ sirens ] >> oh, you trying to do a show, jon? >> we're right out there trying to do a little show and appreciate if you would -- >> not so funny, is it, funny man? [ sirens ] >> i was just going to -- [ sirens ] >> don't you have a show to do? >> oh, i have a show to do, john, we call it addressing the nation. why don't i go do it. williams, out. boop, boop, boop. >> that's one [ bleep ] weird newsman. >> he is, but we love him. well done, brian. i'm not going to bore you with
the background on this. they're talking about detainee policy on the floor of the united states senate. and some nonsense broke out. senator mccain jokingly insulted long island when referring to an old supreme court case. offending senator schumer sitting enter on the right. listen. >> isn't it true that justice o'connor was specifically referring to a case of a person was captured on long island? last i checked, long island was part, albeit sometimes regrettably, part of the united states of america. >> he's telling a little joke there. senator schumer sitting there on the floor, didn't like it. dear senator john mccain, all america saw how heroic long islanders were on 9/11. long island deserves an apology. here is that nonapology. >> i'm sorry that there's at least one of my colleagues that can't take a joke.
and so, i apologize if i offended him and hope that some day he will have a sense of humor. >> there's an apology for you. so another tweet now from senator chuck schumer. new yorkers can take a joke, tweetsed senator schumer. but if senator john mccain wants to mock parts of america, stick to arizona. so now, he's mocking arizona, i guess, you know who senator mccain really needs to apologize to? the great ambassador of long island, that gentleman right there, mr. joey buttuofuoco. you're lit up for the holidays. tweets, texts and emails are next.
whoa. whoa. how do you top great vacations? whoa. getting twice the points on great vacations. whoa! use chase sapphire preferred and now get two times the points on travel, and two times the points on dining and no foreign transaction fees. whoa! chase sapphire preferred. a card of a different color. apply now at chasesapphire.com/preferred
IN COLLECTIONSMSNBC Television Archive Television Archive News Search Service
Uploaded by TV Archive on