ladies and gillette, the president north carolina 00 of the golden state warriors, rick wells. [applause] that cannot quit smiling. i think i know how the guy had to follow link in's gettysburg address feels. brilliantly done, as usual. what brought me to the warriors is exactly what you have seen from joe and he did today. rarely do you find odours so passionate about winning and so dedicated to creating a great -- not good, a great organization. today, what joe, peter, and the warriors are doing is acting in a very big way. there are a lot of people here who have played or will play key roles in making sure that we are all gathered back here for a ribbon-cutting ceremony in 2017. i would like to acknowledge a couple of them. it was less than six months ago, mayor, that you directed the warriors and giants to work together to see if we could not find a location suitable for a multipurpose arena and a future home for the golden state warriors. today, we are on a site that was not available at that point, but when it did become available, this was it, and we knew this was it. th

ly mention that to rick well, president of the warriors and new team trying to build their stadium in the city. i think that's a good recommendation. thank you. >> good afternoon, school board. kentucky s.f. budget rain keeps falling down another city another town that i went walking through with the budget rain in my shoes searching for the school budget you in the cold kentucky budget rain in the cold kentucky budget rain bring some change, city school change and you will be glad they came ♪ ♪ we need you school budget now more than words can say we need you now now and every day and every way we budget need you need you now. ♪ supervisor mar: thank you, mr. paulson. is there anyone who else would like to speak? seeing none, public comment closed. i would like to ask for comments, questions from clige colleagues. nancy, thank you very much for the service to children and families in the city and school district and best of luck in d.c. as well. i know will you do incredible things for people in d.c. as you have done for our city. thank you very much. colleagues, any questions

joining me now is rick cornfield and craig silverman as well as clint van zandt. let me start with you. what's going to happen in there, rick? >> well, the suspect is going to be brought out from a side room. he will have walked from the jail to the courthouse underground, for his security, and everything else, and he'll be brought to the podium and he'll be essentially advised of the charges that they are investigating him for. >> and i understand this could be extremely short, maybe just a minute or two. >> yeah, i think no more than that, and probably he will not say anything. i would expect that his lawyers will do all the talking. >> craig, one of the things that we had heard, and this was an unconfirmed report, is that there was some concern on the part of defense attorneys about -- there he is. this is for the first time, we are seeing james holmes, as he had been described, he had died his hair this orange/red color. he reportedly told police, on the scene, that he was the joker. of course, he came into the movie theater where the newest edition of the bat

rick: well, we hope you find some work as lifeguard some place else in south florida and we appreciate you coming on and talking to us about this rate. georgian travis, thank you and the best to you both. >> thank you. >> thank you. martha: coming up, a little bit of a shakeup from the white house. why the president's team are raising their eyebrows a bit when they heard this song. rick: plus, the failed mortgage firm countrywide. facing serious accusations of offering vip discounts. wait until you hear who is on their list. congressman jason chaffetz is spearheading the investigation and he will join us live. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plan

rick? >> well, you know, i guess a two-day chart of the benchmark ten-year paints the picture. you know, yesterday yields crept up with the stock market after ben bernanke's initial shock with both markets going the other way and today stocks continue up as evident by the second chart and fixed income markets firm in terms of price hovering well below 150 in terms of yield. what is going on? many traders say well, maybe the fact that ben bernanke's trigger is something bearish on the economy. keeps treasury rates low and recreates hope of programs which seem to influence equity price and another theory is a half dozen nations have now experienced negative interest rates that maybe there's an additional demand to continue to come in to the marketplace of fixed income including our treasuries. last but not least, boy, how many people at the conference like securities outside of treasury? evident by this lqd. no matter which chart you look at. back to you. >> thank you very much, rick. let me tell you we're waiting for an exclusive interview with henry kravis from the delivering a

doug as well. a lot to this case. we'll certainly talk a lot about it. rick. rick: thank you very much. a sad story we've heard too many times now. an nfl player apparently taking his own life. joining us we'll talk with one team's neurologist what to make of his death amid concerns that perhaps head injuries may be too blame for this rash of football player suicides. >>> a possible shark attack at a popular tourist spot. where swimmers are being told to watch out. don't go away. helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. [ music plays, record skips ] hi, i'm new ensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams

santorum well he was getting what they were to find there are multiple gifts and now we're stuck with mitt romney the boring guy who actually did say it was going to bury you know i'm just waiting for it if we're going to trump with those two i think you have like the value of gifts that keep on giving. i just thought of the internet gifts little faces that you imagine. i got out of it i got to thank you for joining me tonight yes thank you guys is it for tonight's show make sure they come back on monday for our last show ever greenwald and firedoglake jane hamsher will be joining us and meantime don't forget to like the show on facebook on twitter you tube you can watch it on hulu and coming up next is the news. the sky. still. russian airlines. flying. would be soon which brightened if you knew all about sun from feinstein freshened saw. his film stunts on t.v. don't come.

santorum well she was getting what they were looking to find her multiple gifts and now we're stuck with mitt romney the boring guy who actually did say it's not going to buried you know i'm just waiting for it if we're going to trump with those two i think you have like a value of gifts that keep on giving. i just thought of the internet gifts little faces that you imagine. i got out of it i got to thank you for joining me tonight yes thank you guys that is it for tonight's show make sure they come back on monday for our last show ever greenwald and firedoglake jane hamsher will be joining us and the meantime don't forget to like a lot of show on facebook on twitter you tube you can watch it on hulu and coming up next is the news. wealthy british style. that's what i thought it was a prime target. markets why not come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into cars a report on. you know how sometimes you see a story and it seems so for lengthly you think you understand it and

santorum well she was getting what they were looking to find her multiple gifts and now we're stuck with mitt romney the boring guy who actually did face and it was going to be buried you know i'm just waiting for it if you put it on with those two i think you have like a value of gifts that he's going to get three i just thought of three if that is the internet gift little faces that you imagine. i got out of it i'm going to thank you for joining me tonight yes thank you guys that is it for tonight's show make sure you come back on monday for our last show ever and greenwald and firedoglake jane hamsher will be joining us and meantime don't forget to like the show on facebook on twitter you tube you can watch it on hulu and coming up next is the news. emission and free accreditation free transport charges free. range month free. free. to tide free. download free broadcast quality video for your media projects and a free media oh god r t dot com. me is eve he. means. wealthy british style. that's not on the telephone. market why not come to. find out what's really happening to the g

>> reporter: well, we don't really know, rick. from what the indians are saying at this time they suggest maybe some of the states in northern india were taking too much power but they have launched an inquiry now. but the real concern is getting the power back on because the capital, delhi, actually lost power for eight hours today and millions and millions of people were affected as you know, rick. rick: tell us about the impact of the blackout and how long until the power is back on? >> reporter: well, actually it went off around 2:00 a.m. sunday morning i understand and of course you've got the monday morning rush hour. in india of course uses electric trains, the metro system in delhi went down for three hours. interesting the country, bhutan, sent power to india and that helped get the lights and trains back on. also the traffic lights went out. the hospitals were affected and also the airports. so a real struggle at this time. but we do understand they're working hard to get it back on, rick. rick: david piper live for us i

rick: isn't that nice. enjoy that as well. thanks so much for your time. >> thank you, rick. arthel: growing up in the shadow of the statue of liberty. in three minutes we will hear what life was like for several families who once called liberty island home. also, an incredible new research on dinosaurs, the amazing discovery comparing t-rex to a bird. to a little girl who saw flames reach her home as her family pulled out of the driveway, this isn't just a teddy bear. it's a step towards normal. it's why allstate catastrophe teams didn't just arrive at these fires with cold water and checks to help the grown-ups start the rebuilding... they also brought thousands of these teddy bears for kids. people come first. everything else is second. [ female announcer ] allstate customers affected by the recent wildfires call 1-800-547-8676. visit a mobile claims office, your agent or allstate.com [ music plays, record skips ] hi, i'm new ensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams of protein. twist my li

the thanks, rick. >> well the doc is in. food allergies like food allergies to peanuts and shellfish are particularly a concern for a lot of us. particularly when it comes to our children. what if the child could undergo treatment in order to develop a tolerance for those foods, to make them less dangerous? a new study says that might be in the horizon. dr. lee vinocur, adjunct assistant proper at louisiana state university in shreveport. nice to have you back with us today. >> thanks for having me. jenna: this study talks about immunotherapy. i don't know if i said that right. give us the right word. >> you had it. it is immunotherapy and it's an attempt to desensitize kids against the allergy, sort of make them tolerant. you give them controlled amounts of what they're allergic too slightly increasing doses over time. they have been doing this for a while. they have done it with bee stings and peanuts. this is the biggest study and they followed the kids the longest, like 22 months to see if really they were desensitized a

three blind mice in a dark room, the central bank as well. >> rick, did you see the guy that is at this, the bank that wants to do this, the venture capital firm. >> we're in the eminent domain banking thing in california. >> he's the guy who pioneered lending programs for low income borrowers at bank of america. >> yeah, i guess he's going to try to clean up the mess he created. >> right. >> you know what -- >> you got to hand it to him, you got to hand it to him. >> lots of hutzpah. >> he's getting it on the way in and the way out. >> that's investment. >> my guess is he had a pretty big joint, he's not upside down on his mortgage. >> let me ask stuart again, going back to the inflation question, all i'm seeing is draghi comments on inflation, even talking about downside risk to inflation still expected to be 2%. what's going on over there, stuart, what is your expectation for what they're going to do in addition to what they've done today? >> well, i do think they'll probably do another quarter of a point. draghi will drag it out, and as even rick said earlier, one step at a time, ob

rick santelli, as well. mary, set your match to it. it's a monday and might be in the red. >> we were wondering whether or not we'd break that in eight straight losing sessions for the mondays session. may not happen today. the markets or at least the dow turned positive as energy stocks are getting a lift today from the highs that, seven-month highs which is trickling over in to natural gas stocks. but since that time, the market has turned lower. the dow turned lower. off 26 points. it is a wait and see market. there's just so much news up ahead this week. investors in wait and see mode, given we had a strong rally at the end of the last week and profit off the table. some traders noting that 1390 on the s&p an area some investors took a little profit and been down since then. a couple of stock that is we are watching. conagra on the news of buying unilever and also affirmed the 2012 gings uidance of earnings growth. dow off 23 points. back to you. >> thanks very much for that, mary. rick santelli, maybe we're bored with bonds. why d

rick? >> well, of course we're waiting for it. 72.3 is better than expectations. this is a final read for the month of july. how does it stack up? to give you some perspective, the high watermark for the year was in may at 79.3. that was the highest level going back to the fall of '07. but this definitely stacks in to a lot of reads that we've had. it's about the third strongest of the year. and, of course, this is july. but it is better than expected. and we'll see whether that ten-year tests a 1.50 yield because it's still a bit below that now. david faber, back to you. >> thank you, mr. santelli. imagine that, testing a 1.50 yield is a possibility. what's coming up on "mad money" tonight? >> six flags had a good june. trying to battle the notion that howard schultz is saying that june was bad all over. people are going to theme parks. they're loving it. >> excellent. >> i also want to point out that i'm going to be on the hunt for company that is didn't see july be bad because of what rick santelli just said. if consumer confidence is going up, perhaps the whol

rick santelli? >> well, you no i, right now, you know, in 151 yield and ten-year, half a dozen basis points away from the historic low, bond, ten basis points away. five-year note, though, right now it is sitting right on its historic low yield for june 1. 61 is, 62 basis points. i con that end it is -- our guests pointed out that if you know the end of the world is coming, you go out and finance a brand-new ferrari. with us who cares? i think the stock market in the u.s. is the beneficiary of some of that bad news in europe. it is also the treasury market that's benefiting. i don't think under 1% is out of the realm of possibility. we are handicapping it on the floor. at some point when this drought of capital flows quits coming to the only oasis on the planet, i fully suspect that looks what looks good now, when everybody else looks bad, is going to have a major reversal. >> before you go, rick, let me throw red meat your way. how much of the markets responding at all? calling for the extension of

kitty wells, something else. rick, thank you. jenna: right now a potential medical breakthrough on some of our most deadly diseases. what do alzheimer's, heart disease, diabetes and cancer have in common? a new study says they all share a condition called chronic inflammation, it's brought on by a host of things, including what we eat. here for a more revealing news on the study is dr. richard fur sine, director of the fur shine center for comprehensive medicine, i'm sorry, he's the author of the vitamin prescription for life,, we have dr. christopher cannon, his book is "the complete idiot's guide to the antiinflammation diet," apropos for this segment. >> thank you. >> thank you. jenna: first, tell us a little bit about what we're learning from these studies. >> well, we're learning now that the foods we eat have a very serious impact on the amount of inflammation that's in our bodies. there are tests we can do in doctors' offices that actually measure the amount of inflammation that circulates. and what we've learned is that c

with us, marty from wells far go management. rick santelli standing by as well. marty, i mean, we had a monster rally the last few days. today the market wait and see mode here. >> yes, it is. i think it reacted pretty well to what were good earnings. even declining revenues, most companies held their profit margins at record peaks. that's really pretty encouraging. >> rick, can i ask you which is more important to our market now? is it the ecb or is it the u.s. fed? >> i personally think that the u.s. fed is probably most important. i would take a fire on both of them. i would think that we shouldn't take our eye off the jobs ball on wednesday and friday. i really think those are the kind of fundamentals in a are performance oriented. bailout oriented is about stabilizing funding issues in europe. we haven't even gotten the fundamental for the equity markets to be performance of those weaker economies. i think that we all need to pay very close attention to which side of a hundred thousand jobs numbers are both wednesday and friday. >> what are your expect takes

what's the bottom line conclusion in your cover story, rick? >> well, the bottom line, wolf, is it's a great story by joe klein. joe klein talks about why there is this consensus among democrats and republicans to basically do nothing about guns and it comes from the semi-automatic weapons ban part of bill clinton's crime bill in 1994. both sides in effect we say overlearned the lessons of that bill. a lot of democrats lost the seats and republicans thought this is necessary for our fund raising and for winning in the future. that's why nothing has been done since and probably nothing is going to be done now. >> and you listen to the precise words how the president framed his position on guns before the national urban league last night. it was very, very specific. when you heard that, what did you think? >> well, i thought, it's a good question. i thought he wanted to talk to both sides. he wanted to talk to conservatives afraid of the government taking their guns away by saying, look, the second amendment is part of law and people believe it's

that's collectively bad for k d commodities as well. >> rick, discuss, react. >> i think in the risk parameters our guests are outlining their pretty accurate and the bond market backs that we had. we have 11 straight sessions that closed under 160 yield. four of them have closed under 150. so it's hard to think that the treasury mark is looking at anything other than the fact that risk is to be avoided. we had a record negative yield. the last tips issue, never had a yield that wasn't negative. we see yields negative all over europe. the only thing you can say is there is a nervousness there. i'm not following the stock beat, but the money has to go somewhere. in treasuries and u.s. stocks may look better when europe starts to look worse again. >> look at the deep cyclicals. even a guy like me can get pulled into a caterpillar. people don't understand the aven avalanche of money coming. >> if global growth is slowing, caterpillar is the last stock you want to own, especially if china slows. to play deep cyclicals is the wrong call. >> china is always discounted. it's 20% or 30% chea

getting to rick santelli, as well, in chicago. looks like a marginally reaction in equities. anyone down there said anything in terms of what they're latching on to for the minutes, brian? >> rallied maybe 10, 15 points and slipped back down. down 55, 60 points. bouncing around a range here. the one headline i saw across the board and got people's attention is division over the threshold of more action and says that it's not a slam dunk to do something in terms of qe3 in august and generally speaking volumes remain muted. if you expected a shot trade here, real price action, we have not gotten it but sometimes takes a little while to feed through and people to read through and see what they want to see and in terms of automatic reaction, we have weakened. >> that's right. watching it still as we speak. let's get to rick santelli. we went in to this just below the 1.5% mark. what else in terms of reaction to see here to the minutes? >> you know, i think brian nailed it. most traders that are proactive here were looking for more qe enlightenme enlightenment. not about the econo

>> well, i hear what rick is saying, the numbers at that rick are talking about are the people who sell chachkis on ebay, the real job creators, million plus class and subject to higher taxes. look the idea that taxes create jobs is at issue. margaret thatcher's aide has it right. how do you make the poor richer taxing money and taking money from the job creators in this country. they did not cause the financial crisis, the entrepreneurials did not cause the crisis. air not going to get magic beanies that are going to sew jobs somehow. >> i think that e-mack hit it on the head. how is raising taxes going to create jobs? that's the issue here, how would raising taxes create jocks. we've got a list of taxes going up go ahead. >> i think the bigger thing here is tax cuts extended out or tax cuts being-- or taxes being raised. whatever the case may be. i think we need to get to some sort of agreement. i think a lot of companies are holding back on hiring, they don't know what the end of the year is bringing. going back to e-mac's point. i agree, i think that small businesses could be hurt.

. >> rick, thank you. >>> well, the s&p 500 may not be making a big move right now. it did just turn positive but don't be fooled. there's a big battle behind the scenes. you have apple, disappointing the quarter. big ben bernanke "the wall street journal" reporting the fed might be closer to stimulating the economy. who's coming out on top? let's find out. it is not just the bernanke in one cornerment. i loved your note. fewer buyers and fewer sharts mean a stable market. >> that's right. i think that's -- i think that's one of the stories that we have to really impress on investors. but, you know, there's a real movement in fixed income towards corporate bonds and high yield because of sort of the unattractive potential returns of owning sovereign paper. we are seeing the same shift where stocks are yielding so much more. they're incrementally attractive. we have corporate buybacks, highest since february 2011 and year to date corporate buybacks 220 billion. we have a margin alibier taking place. >> is that the reason, tom, despite everything we talk about, the fis

and you get into that whole buck passing thing that rahm emanuel described so well. >> rick tyler, your campaign, the gingrich campaign, raised these issues in the primary. did the gop miss it? i mean, wasn't anybody in the gop beyond newt gingrich taking this more seriously? why weren't they? >> well, look, if you remember, we did release all these s.e.c. documents we had in january of this year, that was six months ago. the media wasn't very interested in it, in our side. frankly the romney campaign actually did a good job. they won the debate with us, which is they had reframed this to an attack on free enterprise, and all the conservative commentators bought that. it wasn't an attack on free enterprise, but that's what happened. mitt romney might do well to go back and try to claim the mantle of free enterprise versus obama's statism, that may be the way to go. but i think at this point, he had opportunities in 2008 during the primary to clear this up. he decided to delineate a very bright line in 1999 about going to the olympics, and the documentation and salaries, as you pointed o

>> well, rick, there is definitely no love lost between republicans on capitol hill and eric holder, the attorney general. other states to watch too that voting advocates have gone after in state lawsuits are pennsylvania and virginia. they say those new laws are unfair and those of course are battleground states. rick: a lot of these laws have been passed by republican state legislatures. so, can't the argument also be made there might be politics in their motivations as well? passing these laws so soon before a presidential election? >> yes. the republicans say, you got to respect the law. we've seen that in washington where republicans say that president obama on immigration recently is going around federal law and going too far. so this is a vicious battle and with the presidential election so close, i mean we could be talking about this after the election if the election is anything like bush versus gore in 2000. rick: i asked but the larger problem of voter fraud. what about the idea of these laws prohibiting people who are legally able to vote actually not, you know, not being

the heat is having a huge impact on corn crops in the midwest, as well. rick sansantelli, i'm guessing s critical two weeks for crops. >> you're right. over the next three weeks, 60% to 70% 70% of the u.s. corn crop will be at that vital pollination point. and right now, i've been talking to many brokers who have direct connections to farmers in the field and there is tasselling, the real key is stiilking. the real key is since each plant has one, maybe two ears of corn, that if you want them fully developed, full nutrients and good size which of course leads in it to the size of the harvest and the yields, this next three weeks is critical. now, is it beyond repair and as you see the charts, boy, this last four weeks seen a huge up in the price structure, especially what we call new crop corn which is the corn we're growing how, which prices to december. many of the analysts i talked to say it's dry out there for the next ten days, but we have a bit more time than that. still optimistic, but definitely concerned. s >> thank you very much for the update.

>> all right, well smart phones are all amazing. they all offer amazing features, fast internet, but what about the camera? you know we all use it for the camera aside from e-mailing. so which are best for capturing the precious memories? you don't want to miss this. >>> which smart phone takes the best pictures? >> it is a real debate. consumer reports put some popular smart phones to the test. senior electronic editor is with us with the results. anybody who owns an iphone says that is number one. we will talk htc1. this has something the iphone does not which i think is pretty awesome when it comes to rapid photo taking. >> it has two features. the first is burst shot that can take multiple pictures, up to 20, in a few seconds. >> have i to show people this which is cool if you have kids especially. listen to this. i am take august lot of pictures of his tie right now. isn't that amazing? >> you can keep them all or choose the best from there. >> but that is great. a lot of times at least with my iphone it did the lag time and my

>> well, as kirsten and rick both allude to, you know, columnists were pretty-- charles krauthammer and george will sort of made the arguments has roberts declared this to be the biggest tax increase in the history of the universe and obama has to wear it and a lot of be observers noted the polls show by 15 or 20 point margin the people of america still oppose obamacare as a thing, and if the next four months obama's defending it, that's a negative for him. so, how does this change the way the media cover the race for president, kirsten? >> you see i'm move the camp being upheld with a best case scenario. everybody has a position, if it was struck down, he wouldn't have to defend it. it's part of the debate not voting on 6% name it as a top issue, but still a part of the debate. no way that obama can get away from his central issue and the media look, are on his side, on this for the most part and saying that they're going to say now that it's constitutional, game over. >> jon: up next, another historic moment for the media this week. . >> this is no accident. this is no coincidence, it