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Detailed text transcripts for TV channel - MSNBC - 20120725:09:16:00

the middle class desperately need, social security, medicare, medicaid, education. that in a nutshell is the republican proposal. don t miss politics nation, weekdays, 6:00 p.m. eastern on msnbc. here s your first look at how wall street will kick off the day. the dow opens at 12,617 after stumbling 104 points yesterday. the nasdaq sank 27. overseas trading, in tokyo, neat kay shot down 122 points, while in hong kong, the hang seng lost 25. bad news from apple after the bell was a fitting end to a dreary tuesday. apple tumbled in late trade after reporting a rare earnings and revenue slip. some of which was tied to pending sales of the new iphone 5, but could still weigh down tech stocks today. weak manufacturing data and more troubles for europe added to the day s cautious tone.

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