the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they're about to kiss, doesn't it? european leaders today said they'll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that's the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european experiment. now, the market celebrated, that's for sure. this is not the final solution. as this person told me today, for now, only the symptoms are being fault, as the underlying disease of excessive debt and lack of growth still remains. some symptoms of that disease, economic confidence at a 2 1/2 year low in europe and at least eight countries in the euro are in recession. "outfront" tonight, stephen moore of "the wall street journal." great to see you both. stephen moore, obviously, the market celebrated. the problem is when bad things happen in europe, they plunge. but people are saying this is not the final solution. but this was a little bit more significant. >> well, it's significant. the market loved it. germany stepped up. germany is the one country that can save europe right now. it's the one economy that's growing. what they passed, what they agreed to, erin, was essentially -- i guess the best way to describe it would be like a mini t.a.r.p. a mini bank bailout like we had in the u.s. in september of 2008. the markets loved it. but i don't think this say long-term solution. i think europe still has really systemic problems. one other point, it was a great day for the market today. but the market just recaptured most of the losses from earlier this week so let's not -- >> there has some bad days. jim, the president had his health care victory. important to him in so many ways. but what's happening in european is out of his control. really might be what really does control re-election. how big was this move in your view in europe? something that's really going to stabilize it and allow economic stability here that will result in job creation and a re-election for him? >> good couple of days for the president no doubt about it. if you remember, a few weeks back, the president did a press conference in the white house. he was talking about europe. i think a lot people were wondering why he was doing that. was he talking about, you know, making some rationalization for slow growth in the u.s. i think one of the things he was saying was it was a message to europe which was the time has come that you got to pull together and do some sort of solution. i agree with steve. this is not a long-term fix to europe's problems. >> right. >> but you can't solve the long-term problem without solving the short-term problem. and i think this solves a problem for the president. there are two head winds to the economy. one is housing. we're seeing some rays of sunlight there. the other is europe. and this should take europe off the table i think as a negative thing for the economy. for at least the rest of the year. >> i'd like to think that's true, that europe has passed -- that the worst is behind them. i don't believe that. look, erin, the problems with europe are not so much monetary. even in the banks, as bad as the problems are in the banks. the problem is they have a regulatory structure, a tax structure, that isn't competitive in global markets. nobody wants to start a business, open a factory. we had a piece in "the wall street journal" this week about how in some european countries they now have a policy if you get sick on your vacation, you get another week of vacation. there's not enough people working in europe. >> wow. >> great policy, right? >> a lot of americans are saying where do i move to get that? >> systematic of a kind of culture in europe that cannot give up these entitlements that are driving the country down. >> it's interesting, before we get too excited, jim this is the same angel, angela merkel who earlier this week said europe will not have shared liability for debt. which is a crucial thing. when you get all kinds of other countries defaulting. she said they will not have shared liability for that debt as long as she lives. >> i guess you only live twice because they now have shared liability on debt. look, i don't dispute -- >> for banks, that is very different. she's talking about you have countries that failed. that is different. >> right, a lot of the sovereign debt in european is owned by the banks, this is -- they're tied together. >> that's a fair point. >> stephen is right, this doesn't solve europe's problems by a long shot, but think the impending crisis of the economic implosion in europe this year, that probably will not happen now. >> you think -- >> we'll see. i mean, hope you're right. i do think that these -- europe just hasn't been serious about getting control of its spending. and its debt. i mean, its debt is a share of gdp is a lot higher than it is even in the united states. the real question of whether they can kind of grow up in europe and say, look we got to get back to work. we got to become competitive. i'm not so sure they have the will power to do it. germany, as i said earlier, is the one country that's really doing well. they have very low interest rates. the question is whether the german people -- because angela merkel has to be accountable to the citizens. they don't want to bail out france and spain and italy -- >> they see it as they're sitting there working hard. then have a lot of issues as other european countries. france wants to cut their retirement age to 60. this whole thing about i'm sick on vacation so i get another week of vacation. >> that's a big problem. who do they compete with? they compete with asia. the asians work 70 hours a week. >> don't they already get six weeks a year? six weeks or something? the month of august? >> exactly, everybody takes july and august off. >> in a sense, i think we're all a little jealous. the whole system may fail. but this time of year. thanks to both of you. we'll take that gain where we can get it. best june in 13 years for stocks. republican presidential candidate mitt romney says he's going to repeal obama care on day one. why it doesn't add up. and the iphone 5. looks like it was a killer. in more ways than one. george zimmerman had a bond hearing today. his attorney explains why zimmerman and his wife transferred so much money between their bank accounts before that bond hearing. he's "outfront." start. i have to know the weather patterns. i upgraded to the new sprint direct connect. so i can get three times the coverage. 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[ female announcer ] only flood insurance covers floods. visit floodsmart.gov/risk to learn your risk. all right, our second story "outfront," mitt romney's day one promise. >> what the court did not do on its last day in session, i will do on my first day if elected president of the united states. and that is, i will act to repeal obama care. >> that is not the only day one promise mitt romney has made. >> day one. president romney immediately approves the keystone pipeline, creating thousands of jobs obama blocked. day one, president romney announces deficit reductions, ending the obama era of big government, helping to secure our kid's futures. president romney stands up to china on trade and demands it play by the rules. >> some of those things are kind of vague and hard to do on day one. but these promises are politically often easy to make and rather hard to keep. in fact, president obama tried to fulfill his campaign promise on day one. >> we're going to close guantanamo and restore habeas corpus. >> now, on day two of his presidency, he did sign an executive order to close gitmo. then he realized it's not that simple. 3 1/2 years later of course gitmo is still open. does mitt romney's day one promise amount to more than campaign talk or not? mckay koppens joins me. michelle goldberg, senior contributing writer for "newsweek." and allison stewart, former speechwriter for michele bachmann. is this a promise he can keep? >> absolutely. the first thing he'll do is issue waivers to all 50 states in order for them to make their own decision on this. the plan to repeal obama care, governor romney will bring both sides of the house and senate together. republicans and democrats. and he will work together in order to find the best solution to health care which includes free market reforms. what we have -- what we had yesterday, we had reaffirmation of another broken promise on the part of the president. this thing is nothing more than huge taxes. it includes an array of taxes. more than 21. and 12 of them affect the many people he says will not be affected. those making less than $250,000 a year. another broken promise and something that americans can't afford. >> obviously michelle does not agree with you. on this waiver point, my understand, only certain provisions could be waived. and only if states have immediately implementable ideas. >> this is the first step in a series of steps. putting the power in the hands of state is the most important thing we can do. this is a states rights issue. let them put the power in the people of what we need to do. while the supreme court made an important decision yesterday, the final verdict will be in the hands of the people come november. >> all right, michelle this is -- to repeal it is very complicated, right? he can't just repeal it. even saying he has to get these waivers -- >> -- this loophole -- >> you have to get congress, a filibuster proof majority. nobody's saying they're going to do that. >> they're not going to do it legislatively. it's inconceivable. in which republicans take all three branches of government. >> dystopian obviously from your perspective. one person's utopia is another person's dystopia. >> as well as people like me, you know, the rest of us who could at any time be completely bankrupted should we run into unexpected medical trouble but that's a kind of side point. sometimes you'll hear them throwing around this idea that republicans, if they only take a majority of the senate but not a filibuster proof majority, that they could use the reconciliation process to try to undo obama care that way. the reason they can't, i think this is important for people to understand, is because the congressional budget office has estimated that repealing obama care will add $145 billion to the budget between 2012 and 2019. one thing that always gets lost in this debate, partly because romney's been so dishonest by saying obama care adds to the budget deficit, is that this is a bill that not only kind of expands insurance to many, many millions of people, but it also attacks the budget deficit. >> right. well, i mean, that is the cbo estimate. i know some people may disagree but mckay -- >> i know, but republicans have their own numbers. >> there are many studies out there. they do show different numbers. the whole point is, you can't go through the reconciliation process unless the bill at hand is shown to add to the budget deficit. and the arbiter of that by law is the cbo, correct? >> right. >> they say it doesn't so that means reconciliation, what they've been talking about all day, won't work. >> it's almost a political mirage here to say as soon as president, you know, a president romney gets into office he's going to be able to magically waive his wand and repeal it. this will be a long drawn-out fight in congress. and it remains to be seen whether he would want to use his political capital on day one to refight this battle of 2009. that really it's a political loser in a lot of ways because he's also said on day one he's going to attack the problem of joblessness, right? so if he wants to pass a jobs bill, he doesn't want to waste his time working on this. >> this brings me to the point of when you look at what americans are most worried about in this country, you know, it's jobs. the deficit. a lot of immigration. all come before health care. i mean, should he be wasting his political capital now trying to get votes? and if he were to win on this? >> well, remember, romney's been very smart, in that he has been focusing on jobs and the economy. that's why people trust him to fix the economy over the president. and one thing is important to note. while this is -- economy's the number one issue, you have to keep in mind in terms of the numbers, obama care will cost $2.6 trillion over the next ten years. that's quite a bit of money. and in terms of whether or not the republicans will take over the senate, we'll certainly hold the house. and we have all expectations and are optimistic we'll take control of the senate. we don't necessarily need a republican majority. we're already seeing democrats distance themselves from the president. look at mccaskill. they're also distancing themselves from the president. so they're going to break ranks with the democrats if this is, you know, we get back to november because they're not going to want to -- they won't be able to face their constituents and support this largest tax increase and this huge tax burden on the american people. >> does it make sense for mitt romney? alice makes the argument from her side of the aisle it makes sense. do you think it does? >> look, she's right there are certain blue dog democrats who have switched sides on this. it seems highly unlikely mitt romney will be able to bring enough democrats on to his side to repeal this without significant gains and republican gains in the senate. which i mean they might get a majority. they're not going to get a super majority. with filibuster rules the way they are it seems unlikely -- >> maybe he has a better chance with china, michelle? >> if mitt romney is able to get democrats on board to repeal the signature kind of progressive achievement of the last 50 years, i will name my first-born child willard even if it's a girl. >> willard? you couldn't even go with mitt? i mean, honestly? he doesn't even use willard. hey, we'll take it. that's as close as you can get. thanks to all three of you. the iphone debuted five years ago today. it might be to blame for the slow descent of what is still my beloved. hundreds of homes destroyed in colorado. we have a stunning picture that came in today to give you a sense of how dramatic this is. before and then after the fire struck. we're going to go to colorado next. automatically filter just the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. you know what's exciting? 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it went on sale back on this day in 2007. at the time, iphones were about $200 more expensive than any smart phones. it went on to be incredibly successful. three more versions of the phone were released to lines like this all around the world. this looks like it might have been tokyo. about $150 billion worth of them. they had competition. i mean, remember -- remember these guys? the razor 2? the lg voyager. and the palm. released in 2007. also in 2007 was the blackberry curve. back in 2007, the blackberry was all the ridge. it was crackberry. people would feel phantom vibrations on their legs. yeah, not just talking about politics. one investor even compared the constant checking of your blackberry to pavlov's dog. that is the number that research in motion saw its shares plunge today. in the latest quarter, $518 million lost. wow, that's a complicated chart but those are the headlines. yesterday, the company said it will cut as many as 5,000 jobs. a third of its current workforce. that is bad news obviously for me and my beloved. i love her. for the world's most famous blackberry owner. see him? that's a curve. it's a silver curve like the one we showed you. that's the president of course. in april, it was reported despite the company's trouble, hatch a million employees still use blackberries. they're a lot more security. an iphone is not something you want him to be tapping text messages on about i don't know iran, syria, russia, or anything else. we'll wait and see how long research in motion can hold on to them. we're rooting for them. now, our third story "outfront." the worst wildfire in colorado raging across the state now unabated. the president declared it a major disaster. he toured the devastation today. with only 15% of the fire contained, 16,700 acres have been scorched. 346 homes destroyed. 20,000 still in harm's way tonight. two people are confirmed dead. and the body of the second victim was found this afternoon in the same destroyed home as the person found last night. i want to show you a picture, just an unbelievable picture. to give you a sense of this before and after. this is mountain shadows. a subdivision in colorado springs. we'll show you the before picture. then you can see the after picture to get a sense of just how incredible this has been, how this fire has completely razed entire neighborhoods. really destroyed so many lives. jim spellman is "outfront" tonight in colorado springs. jim what is the latest that you can see tonight? >> we just got word from fire officials here the containment is now 25%. that's really good news here. they've taken advantage of a little bit a break in the weather. it's still hot here but not as hot as it was a couple of days ago and the winds are much lower. they are still going at this full force from the air, with helicopters and on the ground with ground crews up there in the middle of this fire trying to create fire lines and make sure no more homes were destroyed. last night, residents who lived in the area that was destroyed got word of that firsthand from the mayor here. as people were starting to find out, starting to really sink in. i caught up with a woman today named susan. she's raising her four grand kids after her daughter died. and their home is now destroyed. her four grandsons and susan are now homeless. trying to figure out what they're going to do next. take a listen. >> we could see in our rearview mirrors the side of the hill just exploded. there had to be 40 fires, just bam. can't just walk around feeling sorry for yourself. got a lot of people to consider. and if you fall apart, what's going to happen? >> susan and the grandkids are staying with a friend now. like a lot of the people here. other people in the community have taken them in when they've lost their home. tomorrow or sunday, rather, they're going to get a bus tour in their neighborhood. they won't be able to get out of the bus. but they'll be able to see their home for the first time after this fire, erin. >> amazing. people's lives. thank you very much. appreciate it, jim spellman. the sanctions that the u.s. imposes on companies that do business in iran are supposed to be pretty tough. so why is it that samsung can sell its latest gadget there without doing anything wrong? and tomkat is over. katie holmes has filed for divorce from tom cruise. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. homicide of young people in america has an impact on all of us. how can we save these young people's lives? 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[ normal voice ] so i can trust 'em. unlike randy. are you in good hands? welcome back to the second half of "outfront." we start with stories we care about, where we focus on our reporting from the front lines. we start with a story we first told you about on "outfront." the reverend oliver white of the grace community united church in st. paul, minnesota. he lost his battle to keep his church open. most of white's congregation left him after he came out in support of same-sex marriage in 2005. since then, though, he'd been trying to keep his church financially afloat. he tonight tells us he couldn't raise the money. tomorrow, he'll start looking for a new church and build a new congregation. someone reached out to him and said, look, i'll give you the money if you take back what you said about gay marriage. he refused to do it. saying he does not regret for standing up what he believes in. just days before government-backed student loans were scheduled to return to their rate of 6.8%, congress formally approved an extension of the current 3.4% rate, which was supposed to be a temporary taxpayer-backed rate. the u.s. department of education tells "outfront" that as of last september, there were 37 million active federal student loan borrowers. they owed about $850 billion. about $5.4 million of them have loans in default which totaled $67 billion. and there's a stalemate tonight between the u.s. and russia. as the countries try to bridge differences over how to handle syria. on the eve of another multinational conference, one state department official told reporters, quote, we may get there tomorrow, we may not. the united states says syrian president bashar al assad has to go. russia says outsiders shouldn't dictate, interesting word choice, the solution. russia's also syria's largest arms provider. we checked in with sources at the consul on foreign relations who say russia must first be assured assad's departure will outweigh any potential burden for russia. now, to molly. we've been following this situation. the african country is in the midst of chaos. al qaeda linked fighters want to battle in timbuktu. the fighters, part of the al qaeda islamic maghreb, say they've taken control of the country. government worker, fear that they will not get paid. it has been 330 days since the u.s. lost its top credit rating. sure, it was a great day on wall street. along with that surge came a surge in oil prices. up 9.5%. it was the biggest jump in the year. part of the reason was new sanctions set to start this weekend with europe not buying iranian crude oil. when it comes to oil, it doesn't matter where it comes from. it's all black stuff sloshing around. if you cut off a supply from one place, it means more pressure on other suppliers and that means prices will go up around the world. our fourth story "outfront." the samsung galaxy and iran's nukes. now, everybody wants a smart phone. in fact, samsung sells more smart phones than apple. so what does this smart phone have to do with iran's nuclear program? plenty. this is supposed to be a breakthrough weekend. the toughest sanctions in history are set to take effect against iran. the goal is to cripple iran's oil-based economy and force the government to end its nuclear program. oil accounts for about 80% of the iranian government's export revenues. losing that money is hurting. officially right now inflation in iran is 22%. but a source tells "outfront," it may be more than 50%. the $39 monthly government subsidy that has been doled out to help iranians buy food has been scaled back due to a shortage of cash. sanctions are working. but perhaps not by nearly as much as they could. because the problem is that sanctions don't add up. first, the united states gave an exemption to china. allowing it to buy iranian oil. yes, china is allowed to buy iranian oil and still access the american financial system. yes, china is the single biggest buyer of iranian oil. even though they've cut imports under u.s. pressure. in fact this is amazing. the united states has exempted all three of the top three buyers of iranian oil from these sanctions. china, japan and india. the state department made this decision. the second issue, that's where samsung enters. when i was in iran about 18 months ago, the korean electronic, giant had a store in a mall i visited. it was a beautiful brand-new store. just like in a fancy mall in new york, chicago, boston. we confirmed that store you're looking at there was a legitimate samsung store. in fact, all the television, i saw in hotel rooms, in homes, in stores in iran were samsung. samsung operates openly in iran. it confirmed to "outfront" it has stores there now and it sells the galaxy. the galaxy 3, the new one, only just available in the u.s., along with printers, cameras and televisions. now, this isn't samsung's fault. it is totally legal and above board. the issue is with the united states government. while the u.s. was putting the harshest sanctions in history on iran, it signed a free trade deal with samsung's home country south korea. that was the biggest free trade deal for this country since nafta. korea got preferential access to u.s. markets. in exchange, the u.s. did not demand the companies choose between doing business in the united states or iran. so they keep selling in iran. iranian imports from south korea surged 49% in the first three months of this year, according to reuters. which also notes that 2,000 south korean companies do business in iran. that is unbelievable. in a time of sanctions and hardship, iran's buying 49% more from south korea than it did a year ago. you'd think if the u.s. wanted to get the world on board with sanctions, it would use its powerful financial leverage. sign a free trade deal with you, korea, if you cut your ties to iran. the decision to not do that was made by congress. making life hard for the man who fights every single day for sanctions against iran. he's david cohen, american sanction czar, treasury secretary for terrorism and financial intelligence, and he is "outfront." know you have worked tirelessly for financial sanctions, shutting off the u.s. banking system to companies and countries that do business with iran. is it frustrating, though, that state department gives exemptions to these countries? >> let me address, first the issue of the exemptions given to china and to other countries that have been importing oil from iran. the policy that we have been pursuing, working with congress on this, is to work with countries that are importers of oil from iran, to significantly reduce the amount of oil they're importing. >> do you feel confident those countries are really going to go to zero? >> well, the way this legislation works and the policy we're pursuing requires these countries to significantly reduce their oil imports over time. >> what about the issue with south korea and samsung? as we pointed out, with all know that they are. south korea is selling 49% more to iran this year than it was a year ago. >> look the way our sanctions are designed is principally to go after illicit actors in iran. for countries like south korea and others, they have been very, very good partners in isolating the financial institutions and others who have been identified as the illicit actors in iran. there is not a global trade embargo applied to iran today. >> absolutely. i understand that. u.s. companies aren't allowed to operate there. i know you have the discretion to give some of them licenses. usually that goes for health-related things. things that are needed for humanitarian purposes. when i was there, all the u.s. brands i saw, dodge chargers, levi, all of that, the american companies say they don't allow anything to go there. that would be an violation of the whole point of sanctions. anything that's getting there is illicit. it's not supposed to be there. so it is a different standard applied to u.s. companies versus, say, samsung on that face. >> well, that's right. we have for our own part essentially forbid u.s. companies from dealing with iran. with the exception, as you note, for food, for medical devices, for pharmaceuticals. >> if you had full control over everything, i know you're pulling all your financial lever, but what would you do to really make these sanctions work 100%? i just ask this because i know it's not just israel but other american allies in the region, arab allies say they don't know that negotiations or sanctions will ever deter iran from what they believe its ultimate goal is. >> for our part, we're going to continue to pursue the pressure track of the dual track strategy. that means additional pressure to come. i'm not going to forecast precisely what we're going to do. but your viewers should know that there is more to come. >> all right. and now the story everyone's talking about tonight. tom cruise and katie holmes divorcing after nearly six years of marriage. the glamorous couple were a staple on the red carpet and tabloids. and who could forget? yes, yes, yes. jumping on the couch with oprah, professing his undying love for katie. that was back in 2005. that was no ordinary show of affection. and this will not be an ordinary divorce. "outfront," divorce lawyer to the stars, bernard clair. good to see you, sir. this is not ordinary. it's not even ordinary among megastars. tom and katie holmes, a star in her own right. tom cruise, biggest movie star in the world. >> correct. >> what do we know about the money here? >> we know nothing about any of it right now. we assume some things. there have been reports for a while. namely that there is a prenup. that the prenup has a sliding scale for what we call as divorce lawyers time served. $3 million a year for each year of marriage. that's what we have heard. but we don't know that. >> okay. so $3 million. so you have $25 million i guess theoretically. but what's the -- what's the totally net worth? i've seen tom cruise worth $250 million. i was surprised. this guy's been the biggest star in the world for a very long time. i thought with the numbers he rakes in for movies it could be more. >> maybe it is. it may not matter one way or another because the prenup may take those issues out of the mix. the job for the judge will be merely to enforce what's in the contract. >> so let me just ask you a question. they obviously live in california and new york. katie holmes filed her papers in new york. >> i think there are two reasons. one is the child, suri, lives here in new york. if there is custody controversial or even a battle, this is where it should occur because the child activities are here. pediatricians, et cetera, all here. secondly, new york is a little more private than california with respect to our filings. in california, the filings go right up on e-tube right away. >> that's why you can always read the causes or -- we don't know the causes here. usually hear irreconcilable differences. >> as two octobers ago, we finally became a no fault state. all that has to be shown is six months of irreconcilable differences basically. >> people will be talking about that. still "outfront," george zimmerman's attorney is on the show. he said his client needed to repair his credibility. we'll ask him if he did that. the bond hearing was today. and the reason why i'm watching the progress of a ship sailing for a remote pacific island. the postal service is critical to our economy, delivering mail, medicine and packages. yet the house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue while the postal service is forced to overpay billions more into federal accounts. house bill 2309 is not the answer. you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the lowest prices of the season, not just on ordinary beds, but on the bed that can change your life. the sleep number bed. this is your body there. you can see a little more pressure in the hips. take it up one notch. oh gosh, yes. when you're playing around with that remote, you get that moment where you go, "oh yeah" ... oh, yeah! ... and it's perfect. they had no idea that when they came to a sleep number store, we were going to diagnose their problems and help them sleep better. and don't miss our special financing now through july 4th only. plus enjoy the lowest prices of the season on selected bed sets once you experience it, there's no going back. wow. it's the lowest prices of the season on the amazing sleep number bed. special offer ends july 4th only at the sleep number store, where queen mattresses start at just $699. 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[ male announcer ] stop the uh-oh fast with kaopectate. we're back with tonight's outer circle where we reach out to sources around the world. to cairo where president-elect mohamed morsi was widely expected to appoint a woman and a christian to his cabinet today. instead, he told a crowd in tahrir square that the people were the source of his authority. dan rivers was there. >> reporter: the crowd absolutely loved what he was saying here. it was a real rabble-rousing speech with soaring rhetoric. but he also did have some concessions to nonmuslim brotherhood supporters. people who were concerned about his ascension to the presidency. he talked about governing for everyone. he mentioned christians. he mentioned women. and was saying that he will govern for the entire country. a hint perhaps of the direction he will take egypt. everyone here hoping that he can lead egypt out of the economic malaise that it's currently in. erin. >> thank you very much, dan. now, let's check in with soledad. she's in for anderson with a look at what's coming in on "ac 360." >> breaking news tonight ahead. cnn has obtained details of e-mails that purportedly show that jerry sandusky could have been stopped from raping multiple boys. the defense also called a financial expert to explain why zimmerman was transferring money between several family bank accounts before his first bond hearing. the bond hearing of course at which he did not disclose the money that he had. i spoke to mark o'mara before the show. and i asked him if he was concerned about this exchange concerning zimmerman's money. >> why would somebody -- if i gave you $1 million and you put it into an account, yours, but if you put it into three other people's in this courtroom's account, why would you do that? >> well, either you'd be gifting or you'd be trying to keep under fdic limits. there's multiple reasons. >> hiding, maybe, the money? >> hiding is done by cash. you don't hide money by transferring money. >> in terms if somebody's trying to figure out how much money you have in your checking account? >> if you only look at the person, that's correct. >> what's your response to that? it does seem so strange. all in amounts under $10,000. >> it's a strange explanation or excuse from my client. i don't want to do that. but if pay pal says you cannot move more than $10,000 out at a time and you have literally $200,000 coming in in an 11-day period, they were moving it out in $9,000 increments into one or the other of george's and shelly's account. they were also moving some of it to the sister's account. because they could do 10, 10 and 10, $30,000 at a time, into those accounts. they then moved it from the sister's account into shelly's or george's. look, there's no question that they had $130,000 or $150,000. that when the issue was presented, shelly zimmerman didn't answer as truthfully as she should have. but the reason why i brought the expert in is to say not a penny of that money is missing. i think that's at least as relevant as to why they were bouncing it back and forth $9,000 at a time. >> you had an emt first responder today. the person who had attended george zimmerman on the night of the killing. here's what he had to say about george. >> observed that he had blood on his face and the back of his head. >> and did you consider that it was likely his nose was broken? >> absolutely. >> was swelling and -- >> there was -- there was swelling and blood. and his nose was obviously deformed from what it usually is. >> and obviously that was powerful in favor of george zimmerman's case. he's trying to say he feared for his life. what we've been look at, the past few days, is the re-enactment. when the day after george zimmerman went back to say what happened. >> he was just focused on my head. the little -- bruising there. there's a cut here. >> the swelling went down. i remember yesterday seeing swelling around right here. i don't see it now. >> my wife is an rn student so she went to work. >> mark, obviously you couldn't see that but i know you have seen it. it's just like a little bandage. he said he only needed -- he didn't even need stitches. this is a guy who's trying to say his head was being slammed repeatedly against cement and he was in fear for his life. you would think it would look worse. >> that's going to be up for the judge or a fact finder. i could go back and forth on the real question that i think needs to be focused on. and that evidence that you just pointed out sort of helps us. but the real evidence that needs to be focused on is what would the next strike have caused. because, after all, what you have to look at is what was george thinking was going on. that's the whole issue. that is the essence of self-defense. so if in fact the next strike would have been another slamming of the head on the concrete -- i don't think there's anyone to deny that. let's remember, we have an eyewitness who came in and said through his statement that's now in evidence that he was -- the man on top who he believed to be in the hoodie and had the orange-shirted person on the bottom, george zimmerman, was raining mma blows on him and used the term "ground and pound." i would invite you to go on youtube and do a google search for ground and pound and watch some of the videos. to maybe get a feel for what may have been happen. we have to look at what could have continued to happen. >> ground and pound. mixed martial arts. i'm quickly googling it. just to get a sense of what it is. what is your feeling? is your client prepared for this bail decision to go either way? what is his mental state right now? how stable is he? >> he is most worried about his wife, shelly. he truly is. he wants to get out. he understands he's in the position he's in because of what happened at the bond hearing. and nobody but shelley and he had control over that. he's willing to deal with the fallout from that if he has to. >> how much money have you raised now? i know that the fund-raising had continued obviously. but how much additional money has been raised since that first hearing? >> i think there's been about $211,000 in the account now. there certainly has been money expended. and, quite honestly, in the last week or two, we spent quite a bit money getting ready for this and a lot of preparation it took for this. it's getting spent now too. >> thank you very much, mark. always good to speak with you. appreciate your time. >> sure thing, erin. up next, one of the world's greatest mysteries. and the story of one of my greatest heroes may be solved. automatically filter just os the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. i have to know the weather patterns. i upgraded to the new sprint direct connect. so i can get three times the coverage. 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