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Transcripts For CNN CNN Newsroom 20110815

months that were not within our control. but here is the thing. the question is how do we handle these challenges? do we rise to the occasion? do we pull together? do we make smart decisions? and what has been happening over the last six months and a little bit longer than that if we are 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

Transcripts For CNNW CNN Newsroom 20110815

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

Transcripts For CNN CNN Newsroom 20110811

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. let s look at the key factor playing a role in the volatility. one of them is fear. small investors are pulling money out of mutual funds for the 15 weeks now in a row. how much do you thin

Transcripts For CNNW CNN Newsroom 20110811

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

Transcripts For CNN CNN Newsroom 20110810

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 any cash, possibly? we know they were suspects in a bank robbery a

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