phone hacking scandal that doomed a best-selling tabloid and rocked the very pillars of society. today, the parliamentary committee that grilled rupert murdoch and his son james last month released letters suggesting that illegal snooping, hacking, eavesdropping, were a lot more common at the now defunct news of the world than the murdochs led on. one such letter is from a reporter named clive goodman who was sacked and jailed for hacking the cell phones of the royal family. he writes to his paper s human resources department, this decision is inconsistent because, here s a name blacked out, and other members of staff were carrying out the same illegal procedures. he says this practice was widely discussed in the daily editorial conference until explicit reference to it was banned by the editor. now james murdoch appears to have some explaining to do. highly likely james murdoch will be invited back to give evidence. before that we want to take a very detailed account of
honest with ourselves is that we have a political culture that doesn t seem willing to make the tough choices to move america forward. we have a willingness to play partisan games and engage in brinkmanship, that not only costs us in terms of the economy now but also is going to place a burden on future generations. and the question is, can we break out of that pattern? can we break out of that pattern? think about it. we just went through this debacle with the debt ceiling, an entirely self inflicted wound. it wasn t something that was necessary. we had put forward a plan that would have stabilized our debt and our deficits for years to come. but because we have got a politics in which some folks in congress, not the folks who are here, but some in congress would rather see their opponents lose than america win, and we ended up creating more uncertainty and more damage to an economy that was already weak. now we can t have patience with that kind of behavior anymore. i know
shopping sprees, but are still out there spending and that s good. the dow fell to the lowest level in 30 years, but we are not seeing the wild swings we saw all week. the dow closed down 600 on monday and up 400 on tuesday and down 500 points on wednesday and up 400 yesterday, and it was the first time in the dow s history we have seen closing numbers like this. drew? you could probably measure the heartbeat of traders the same way, up and down. tell us what happened in europe? they are trying to prevent the wild up and down swings. what they are doing is they are putting a temporary ban on short selling. what short selling is is when investors bet that a stock will go down in its price, and europe s version of our securities and exchange commission, it put a temporary ban for 15 days on several european countries, including france, italy, spain, and belgium to put a ban on this practice to stabilize the markets after we have seen the extreme moves over the past week, an
up right now, and that s a good sign considering we re more than halfway through the trading day. you are seeing stocks rally on good economic news of the jobless claims numbers fell last week and we got strong corporate earnings from a bellwether company, cisco system, and you are seeing wall street focus on the positive today and we are seeing the bargain hunting going on as well, and you are seeing the bargain hunters getting in there and buying stocks up, randi. and the trader mthere with you, allen valdez. what about the first time they dropped below 4,000 for the first time in four weeks, and how much do you think that contributed to the rally we are seeing today? well, under 400,000 you know, that jobs number is probably the most important number for traders. it really is. we watch that number on a weekly basis. and this economy is powered by consumer spending, so if the consumer is not working he is not spending. anything under 400,000, they re not spending. l
joining us on the phone heather cobbler with the colorado police. if you can, tell us exactly how they were spotted and how they were taken into custody. well, good morning, first of all. these three suspects were taken into custody after what was about a 20-mile high-speed pursuit. initially this morning a witness said they spotted somebody that matched the description of who we were looking for, and troopers in the area tried to initiate contact on i-25 south of pueblo. it was then they fled and crashed. the three of them were considered armed and dangerous. any word on injuries or a shoot-out? during the pursuit, there were shots fired at law enforcement from the suspects. no law enforcement was injured. were any of the suspects injured? i don t know, we are checking on that. right now we have medical personnel on scene, and at least one party is being transported to a medical facility. heather, do you know if any weapons were recovered in their vehicle, and