just the clothes on her back today, wednesday, august 3rd, 2011. captions paid for by nbc-universal television and good morning. welcome to "today" on a wednesday morning. i'm matt lauer. >> i'm ann curry. perhaps no surprise that the president is moving to quickly put the debt showdown behind him by returning to the campaign trail. >> however, it appears investors are not all that excited with the deal that was reached. after months of heated debate. the dow dropped 266 points on tuesday. that's its largest drop in the string of eight straight days of decline. we'll have more on the law's impact on washington and wall street coming up straight ahead. also this morning, disturbing new videotape recorded by phillip garrido and his wife as they lured a young girl into their van. it was made two years after the kidnapping of jaycee dugard. also ahead, a controversial new way that some young women are paying off their college debts. coming up, one coed who turned to the internet to find herself a so-called sugar daddy. we'll talk more about that. >> especially in these economic times. also, after attending another lavish royal wedding, kate is seen once again, this time doing her own grocery shopping. coming up, how her frugal touch is already rubbing off on the rest of the royal family. here she's even carrying her own bags. other big names stopping by today, from ryan reynolds to jason bateman, ricky gervais and tony bennett. >> a girl's dream. what's next for president obama and lawmakers on capitol hill now that the debt showdown is over. chuck todd is nbc's chief white house correspondent. chuck, good morning to you. >> reporter: good morning, matt. after a month-long break the president returns to the campaign trail tonight with a birthday fund raiser in chicago, trying to put behind him this debt ceiling debate which turned into yet for him another contentious confrontation with congress. >> voters may have chosen divided government, but they sure didn't vote for dysfunctional government. >> reporter: trying to put himself on the side of frustrated americans, the president didn't claim credit for the $2.5 trillion deficit reduction deal that he signed quickly into law in private tuesday. he simply changed the subject. >> they want us to solve problems. they want us to get this economy growing and adding jobs. and while deficit reduction is part of that agenda, it is not the whole agenda. >> reporter: the debt ceiling debate played out at a time when there are warning signs of a fragile economic recovery may be stalling. employment is down, unemployment rate at a painful 9.2%. the nation's economic growth rate has been revised downward for the rest of the year. and many of the world's economies are struggling as well. on tuesday, the white house released a series of photos showing the president meeting with white house officials and congressional leaders. for the past month, washington has been at a stand still as the only issue on the agenda has been the debt ceiling. >> the ayes are 74, nays, 26. >> reporter: despite a large bipartisan majority supporting the deal, nobody liked it. >> i will support this legislation but with very serious reservations. >> i reluctantly cannot support it. >> to say that the legislation before us is not ideal is truly an understatement. >> this is not the best possible bill, but it's the best bill possible. >> with a heavy heart, there are parts of it that i will struggle to explain and defend. >> almost everything else about this deal stinks, and it stinks to high heaven. >> reporter: and it was equally hard to figure out if the president or congress comes out a winner or a loser. >> the president was mugged. and when you survive a mugging, you don't talk about what happened to the president. you say, hey, we survived. >> he has now a clear path to january 2013 where you don't have to deal with this issue anymore. in that regard, he was a winner. >> if you want to pick one, i think congress looked far worse than the president did. >> reporter: well, august is going to be about the white house and the president trying to repair his image. in one critical part of the country, the midwest, he plans a mid-month tour, a bus tour of the midwest, probably hitting states like iowa, wisconsin, ohio, michigan, places where his approval rating has really gone down. >> chuck todd, thank you for your reporting from the white house this morning. jim cramer is the host of cnbc's "mad money." good morning. >> good morning. >> the markets are rattled for not having a deal, a long wait, but on the day the deal was signed, the markets still plunged 2%. >> yes. >> why is wall street not happy with this deal? >> recession. all people can talk about is the whole slowdown that washington triggered, manufacturing crisis that the president mentioned has made it so that all business has slowed down. jobless, probably not going to be so great. sales, bad. we're hearing company after company saying washington created a huge mess. not going away. >> to what degree did the spending cuts call for in this bill have an influence in this recession? >> a trillion dollars lost in the stock market. much of the loss is associated with companies that were doing well because of government -- some people call it handouts, i would call it spending. i think that is a huge part of the decline. suddenly realize big sugar daddy is gone away. >> you mentioned jobs. one group, liberal leaning economic policy says the economy could lose 1.8 million in the next year due to the cuts. is that too much? >> too dark. i think we're going to muddle through here. that would be a setback to the 2008-2009 great recession. not going to happen. way too doom and gloom. >> you did mention the jobs numbers. they were not good in june. new numbers come out for july. this coming friday. prediction? >> july is a really tough month in this country. i don't see a lot of people getting hired. i saw a lot of layoffs. it won't be disastrous. nothing is disastrous. it's just not so hot. >> manufacturing production barely grew in july. consumer spending dropped in june for the first time in almost two years. economic growth for the first half of the year at its slowest pace since the recession ended. are we now starting to see the outline of a new recession? >> yes. plain and simple. if things don't pick up, they're trending down. this is, again, not a mass unemployment about to occur, not something i would describe as being catastrophic but we're slipping back. unless we see some job growth in the near future, we're not going to be back to where we were a couple of years ago but we're going to be down. >> do you see anything that's going to create this -- some job growth that you just talked about? >> that's the problem, i don't. i don't have a catalyst. i never come on this show and say, look, the world is coming to an end. it isn't this time. but i don't have anything good to tell you. i don't see any reason to hire because there is so much new regulation, so many difficulties coming from washington. our trade partners are not doing well, either, china, russia, india, brazil. all raising rates. and europe is just terrible. >> in this season we talked about earlier, earlier this year the double dip concern, is that what we're talking about? is this the double dip? >> double dip implies one dip is worse or equal to the other. this dip, and we are having one, is not going to be what i would regard as being nearly as horrible as what we had. >> jim cramer, thank you. i appreciate your perspective. we need good news. >> i'm trying. looking for it everywhere. >> you can catch "mad money" week nights at 6:00, 11:00 p.m. eastern time on cnbc. now a check of the other top stories from natalie morales. hey, natalie. good morning. >> good morning to you, ann. good morning, everyone. in his first public appearance since the uprising, hosni mubarak appeared in a cairo court today on a stretcher and behind a cage. nbc's martin fletcher is in cairo with more. martin? >> reporter: natalie, it's almost unbelievable. a dramatic historic day here. after 30 years of total power, hosni mubarak, 83 years old, wheeled into the courtroom on a stretcher, checked inside a metal cage with his two sons who also, by the way, are accused of corruption with him. mubarak didn't seem frail despite his lawyer's claims he was too weak to stand trial. the charges, corruption and the ordering of killing of protesters, 860 killed by security forces in the protests in january. for this, mubarak faces the death penalty. today he said he categorically denies all charges. the opening of the trial was on egyptian tv and achieved many things here that they say, this is not punishing mubarak, this is a warning to whoever follows him as a leader. whatever you do, you're honorable to the people. this is a revolution. natalie? >> all right, martin, such a striking image there in cairo, egypt. as lawmakers on recess for the next month the government stands to lose more than $1 billion in airline taxes. the federal aviation administration remains partially shut down. 4,000 faa employees have been furloughed, and with hundreds of construction projects now on hold, thousands of other workers risk losing their jobs, as well. some passengers are due tax refunds if they bought at this times and paid taxes before the shutdown went into effect two weeks ago. this morning tropical storm emily is turning toward haiti where more than half million people are still without shelter after last year's december stating earth quake. officials are working around the clock to protect residents from what could become deadly flooding. heavy rain is expected to arrive there around noon today. a new hampshire town searching for answers will have to keep waiting after an autopsy to find out what killed 11-year-old celina cass was in inclusive. cass was pulled from a river near her home one week after she vanished. investigators say further toxicology tests are needed. but cass' death remains suspicious. the white house had an uninvited guest last night. not a gate crasher but a gate jumper. the secret service nabbed a homeless man who climbed over the north fence of the white house tuesday night. he was wearing a backpack that was confiscated and searched by an explosives team. a mayor in lithuania really doesn't like when you park in his city's bike lanes. so he grabbed a soviet tank and ran over an offender's mercedes. the staged stunt sends a strong message that this mayor will do anything to keep cyclists riding freely. it is now 7:11. back over to matt, ann, and al. we might need something like that in new york city. >> i think that the people in that mercedes have a suit. >> you are a brilliant man. >> i want to get me one of those. >> joyride. >> natalie, thanks very much. mr. roker, what's going on? >> mayor bloomberg can afford one. >> exactly. >> let's check it out. and again, the latest on tropical storm emily. it's 180 miles south of santa domingo, the dominican republic, 50-mile-an-hour winds moving west-northwest at 14. tropical storm warnings throughout the caribbean. it is going to make its way across the caribbean over the next 48 hours and then parallel to southeastern atlantic coast. of course, there is a wide cone of uncertainty so we continue to track that. we also have a risk of strong storms from kentucky all of the way up into southern new jersey as warm meets warm moist air meets cool dryer air. you can see those heavy showers and thunderstorms now moving into the atlantic states. stretching from cleveland down to washington, d shark tank this morning. san jose seeing hazy sun to kick off the morning. other places like san francisco mired in the low clouds. our temperatures today ranging from the 60s in san francisco, upper 60s today with partly clear skies 73 in oakland, 80s around san jose, morgan hill towards pleasanton and livermore. close to 90 degrees. today the warmest day for the rest of the workweek. we're going to see a stronger sea breeze tomorrow which means extra morning clouds and cooler temperatures to head into the weekend. >> that's your latest weather. matt? >> thank you very much. disturbing new revelations thank you very much. p disturbing revelations. video shows how close they came to abducting other children several year after the kidnapping of jaycee duggar. tamra hall has more on this. >> good morning. the video was shot on the garridos, while they preyed on young girls. the images are disturbing and serve as a frightening reminder how easy it is for a predator to get access to a child. >> can you go all of the way down? >> yes. >> let me see. i bet you can go down easy. >> if you don't know, this is a nice moment of play time. authorities say the woman is nancy garrido. >> oh, i do not know -- >> the man behind the camera is nancy's husband, phillipl4@lo garrido. this is one of more than a dozen video, taken by a couple documenting how they tried to lure young girls into their world. >> they could have assaulted the child and luringed them away. >> authorities say, this was take they abducted jaycee dugard. they held her against her will for 18 year. he raped dugard and fathered two children all while still on parole. >> while he was seeking to be released from custody. after being convicted. he was able to manipulate psychologists and psychiatrists to basically do his bidding and recommend early releases on his behalf. >> eldorado county prosecutors released the video as part of their investigation into the parole system. despite numerous visits to the garrido's home. >> what does the agent do for the parolee? >> in this video, taken by nancy garrido, you can see how they are harassing the parole agent, as he tried to look around the property. ♪ >> reporter: in another video, nancy video acts as though she's taping her husband singing and playing a guitar, only to pan over to a young girl on a1u playground behind him. nancy told investigators she made as nearly as 20 videos like this for her husband so he can watch them over and over again. >> these videos can be used for a number of purposes, number one to enhance the feeling he has of control and power of nom nance. this becomes a library to relive these events and lastly almost a training video where he can see what type of concepts work. >> the authorities did not release information about the girl in the video. but eldorado county investigators hope their report will create new laws about the release of dangerous felons. for its part, the california department of corrects said they've already acknowledged the need for changes. and has already made significant improvements to the parole system. matt. >> tamryn, thank you very much. it is 7:16, here's ann. >> summer is a great time to spend a relaxing day in the sun. for one sunbather, that enjoyment quickly turned into tragedy. nbc's mark potter has more. good morning. >> good morning to you, about 100 year, a big draw for visitor, you can drive your car on same beach where you go sunbathing, but the problem with that combination, it has led to another serious accident. >> reporter: on an outing to daytona beach. 33-year-old erin was on her blanket, enjoy the sand and sun, when she was ran over by a truck from the beach patrol as her family watched in horror. >> i thought it was doing a u-turn and turned and ran over a lady lying prone on the sand. >> reporter: in photographs from the incident it appears he rolled over her head. rescuers secured her to a flat board and took her to a local hospital for intensive care treatment where doctors say she would survive. authorities say the driver was a 20 2 1-year-old part-time lifeguard in a lane designated for vehicles when a pedestrian told him there was glass on the beach. >> at that time, he attempted to do a right-hand turn. there was no speed involved. he did a gentle right-hand turn with a lady laying on the towel. >> reporter: officials say this is the third accident within a year involving beach patrol vehicles. there were also two fatalities on area beach, both involving 4-year-old children struck by visitors. >> i'm shocked there's not at least ten people a day, because they are not way paying tension. >> reporter: cars on daytona beach is an early tradition. dating to the 190 os. road races were held on the sand. in light of the accidents, county officials are now reviewing procedures. >> we're beginning to take a very hard look at the way we managed the beach in terms of the vehicle use. >> reporter: officials say to ban cars from the beach now would cost millions of dollars. >> what we have to do is start proposing by buying off-beach parking. we're working on a plan to buy off-beach parking so it wouldn't literally shut down tourism overnight. >> reporter: as for the woman struck by the truck over the weekend, the hospital said her condition is upgraded to stable. as for the young man driving the truck, police say they are completing their report and after that, he likely will be charged with careless driving, anne. >> pretty alarming story, thank you so much. it is now 7:18, once again here's matt. . and the british royal family appears to be turning over a new leif. these days they're finding ways to do things on the cheap. jim, what are we talking about? >> hi, there, matt, make no mistake, the british family still pays much taxpayer money. there does seem to be a growing trend that it is royal and low budget. >> after a weekend of royal festivities, this time the wedding of prince william's cousin, zara phillips and mike tindall. the future queen was caught on camera as kate doing her own homely duties like her own grocery shopping. we've seen this photo, this taken davis her own wedding shopping at the low-cost grosser, and kate's touch of the common and frugal is spreading. passengers were reportedly shocked to find the royal couple settling into cheap seats on a low budget commercial flight from zara's flight from scotland. one-way ticket. $60. prince harry flew on easy jet, cost $80. carrying his own bands. all an effort by the new royals, being more down to earth and recessionist times. not only that but what they wear wear. she's known as the recycling royal. that green dress appeared again at zara phillips' engagement party and the dress kate wore in official engagement photo got a second run during the royal visit to canada. >> the fact she's able to wear the same outfit twice in a row is a really positive thing especially when the rest of us are keeping an eye on our wallets. >> they are still royals but dealing with what looks like our daily chores, like zara's brother, driving his family in his own car in jeans, and as william an kate put off their honeymoon so he could get back to work. so, too, cousin zara, and her husband. their training, they say, comes first. >> for generations they were royals who happen to dabble occasionally in other things but this new generation is increasingly professional. they have their own job, goal, budget, problems and worries like the rest of us who also happen to be royal. in a word, matt, they are modern. back you to. >> jim maceda in london, jim, thank you very much. still ahead. casey anthony ruled to return to still ahead, dramatic rescue after a missing hiker four days after she disappeared on a camping trip. a peacockfter escaping frome camping trip. a peacockfter escaping frome zoo. nt jus a day camping trip. a peacockfter escaping frome zoo. to show the world a better burger. now, millions of turkey burgers later, we're still out to win over burger lovers. woman: it's really good! man: the taste is great. ancr: just in time for the grilling season. n delicious burger. maman, i'm on my third one right now. it's awesome. woman: i would definitely have a turkey burger again. man: this is fantast