$457,000 a year. let s remind you this is a community where the annual median income is around $35,000 per year. and these peep who are here we elected to represent us turn our backs and stole money from ourselves, you know, we re all mad. and the bottom line is we re here to have them removed and kicked out. a councilman has called for an investigation and the whole council will talk about it on monday. first, quick shout out to the gulf of mexico. thanks for 300 million great years. now let s talk about the company that s messed it all up. bp cannot stop bumbling its way through the crisis, like rob petri stumbling through the living room on the dick van dyke show. remember this? we re sorry. we re sorry for the massive
budget for the city of bell. mr. rizzo is a little delusion nall about what the private sector is willing to pay anybody, certainly not $800,000, more than the president of the united states who handles the complexities of a country compared to a small town of 36,000. let me ask you go ahead. in terms of the city council, that s your job. your job is to perform for the people that elected you. it isn t to pad your own pocks with taxpayer money. the police chief, randy adams who makes $457,000 a year, what s crime like in bell? it s not significantly
$380,000 a year. bell s police chief pulse in $457,000 a year, about 50 grand more than l.a. s police chief. bell s residents are shocked. it s shocking. did they go to school for this? they re making more than the president. it s totally not fair. they promise a lot of things and all it is is their wallets are getting fate and fatter. they have money for nothing but themselves. whole. well, the mayo credits the city manager for putting bell back on solid financial footing, and rizzo says he deserves his paycheck. the steep salaries don t appear to break any laws, but the district attorney is investigating why bell city council members make about $1 hundred,000 a year for part-time jobs. a trio of koorpt heavyweights reported better than expected second quarter earnings, but the market is
hire this year. but also look on the plus side of that. they also say they don t plan to fire. so that is a step in the right direction. you know, tony, for these kinds of companies, it all comes down to sales. and 80% of these companies say they see their sales increasing this year. that s why they tend to ramp up their hiring because they re going to have more demand coming. as for wall street right now, the demand seems to be on the selling side. the dow industrials down 93 points, the nasdaq off about 25. we got a couple of reports today that are moving the markets. we found out reports of new jobless claims fell. but the level of jobless claims is still high at 457,000. we also learned that orders for big-ticket items fell for the first time in six months. wall street not liking this. kind of coming to the realization that we re in for a slow, sluggish recovery. tony? did that dude just walk right in front of your camera shot? they do. there s a lot of world cup fever running
awful, than they were one year ago, at this time. and, when weekly first time jobless claims exceeded 600,000 and that was not the peak, the peak was over 650,000, in march of 09. now, because the numbers can be subject to sharp swings an subsequent revisions, let s check out the four week moving average which smooths out this swings and gives you a more reliable picture of the jobs market and there, too, the news is uninspiring and the four week average for the first time jobless claims was up 7500 to an average of 457,000, the highest since mid-march. and, not until the figure hits 420,000 or lower, bill, will the economists until you it looks like payrolls are expanding and employers are hiring. bill: say that number again? what is this critical number? reporter: 420,000, is what we want to hit. bill: we were told in previous weeks they were hiring seen sus workers to go door-to-door and some of the numbers they didn t give a real number and in other words, some of those jobs