and pretty difficult. yeah, you raise a great point. there have been no public indications of a road to settling. quite the opposite. i think as viewers know, because we have been through our share of cases, there are many cases where entities publicly say, we didn t do all that, but yes, we pay out, and part of the thing they buy with the pay out is the thing more or less goes away. it is striking for the reasons you say renato as well as perhaps a type of emotional stubbornness of who s on top. fox as a company is positioned, as it s shown in lineup changes in the past, to exist and make money. whether murdoch, ms. scott, whether they are all emotionally invested in the current it ration of fox and what they built, that s a trickier question. in law school they tell you, there s some magic number for settlement and negotiate to it. but law school doesn t always
frustrated. it s 100 and some degrees heat index outside, and i can understand people getting worked up about this sort of thing. more on politics in a moment. i want to start with a street level view of what has to be considered an emergency. justin bruno heads up the office of emergency management. he is kind enough to step outside and tell us what he has been up today. thank you for making the time and braving the heat. is your city in emergency mode right now? we absolutely are. we have temperatures we have never seen before. heat indexes will be 105 to 115, which are record numbers. the power grid is significant, and you mentioned that in your earlier comments. we do expect to see more power demand than ever before in new york city. we have activated our emergency operation center, a situation room. we have agencies present, and one thing we do here is we are always in close touch with power edison, which is you on power provider, and we have them in all the time, an
today murdoch faced his biggest blow so far. it withdrew the long-planned bid to take over britain s largest satellite broadcaster. this is big bad for him. back stateside senators jay rockefeller barba boxer and peter king have called in for investigations into whether murdoch broke u.s. laws. joins us is jay and gabriel sherman entitled fox news made a circus and boy does he regret it now. gabrielle, i think you ve written about me at different times, so let s talk about the journalism no harm done, i don t think, there. but let me ask the question. the investigation that s going on, peter king is a red-hot going after kind of guy, especially new york stuff involving the victims of 9/11. if it can be determined that murdoch s people did here what
bridge collapses. sending a tourist bus plunging into the forest below and the death toll could get higher. clock is ticking and tensions are soaring and if you want an idea how things heat are over the debt crisis, listen to this. president obama storms out of yesterday s meeting vowing he will veto any extension of the debt ceiling that is only short term. reports say he said to aeric cantor, quote, many could bring down my presidency. the august 2nd deadline is looming and pessimism is growing. a major rating agency says it will review the nation sterling bond rating for a possible downgrade. we are covering the angles of this all-important debt talk story. dan lothian at the white house with reaction to the extraordinary ratcheting up of tensions. ali velshi is giving us the bottom line on the economics. why should you care that u.s. bonds could face a brutal reality check? ali, let s start with you. a downgrade would be like seeing your personal credit score take a
this is ali. chris seen on a well-deserved vacation. we have a lot going on today. let s get to it. high drama and high stakes over raising america s debt ceiling. we are now just 20 day ace way from the treasury deadline. president obama will meet again today with congressional leaders for the fifth straight day of negotiations that ended abruptly yesterday. republicans saying the president stormed out of the talks. this morning, democratic source is telling cnn president obama shut down the meeting after house majority leader eric cantor continued to push for a short-term extension of the debt ceiling. something that the president categorically opposes. that s when sources say the president got agitated saying, quote, this could bring my presidency down but i will not yield on this. end quote. then he added, talking to eric cantor, eric, don t call my bluff. i m going to the american people with this, end quote. let s go live to dan lothian at the white house. differ acco