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e-mail server as early as today as the attorney general apologizes for meeting with bill clinton earlier this week. we re live outside the clintons d.c. home. and olympic drama. the world s fastest man, usain bolt, tearing his hamstring, pulling out of jamaica s track and field trials. will he compete at the summer games? at the u.s. olympic trials, michael phelps and ryan lochte face off for the last time ever on american soil. this is where the separation will come. just about dead even. the race to the finish as both swimmers begin counting down to rio today, saturday, july 2, 2016. announcer: from nbc news, this is today live from studio 1a in rockefeller plaza. good morning. welcome to today on this saturday morning. i m sheinelle jones alongside stephanie ruhls, jeff rossen you hear that olympic music. it makes me want to go for a run or jump into a pool. or go for a swim like ryan lochte and michael phelps. it was a real nailbiter. we hav ....
issues at play with two special guest hosts. wharton professor of finance jeremy siegel and trusted american businessman steve forbes. both onset and ready to start this discussion at 6:00. first, though, andrew has a few of the top business headlines. let s talk about some of the headlines this morning. cisco systems buying cloud network start up meraki for $1.2 billion in cash. it was founded in 2006 by members of m.i.t. s laboratory for computer science. joe, i don t know if you take credit for any of that. bp plans to spend up to $5.9 billion buying back stock. last week the oil giant agreed to pay record criminal penalties over the deepwater horizon disaster. and americans are carrying more credit card debt and being less diligent about making on time payments. trans union now reporting that average credit card debt for borrowers grew 4.9% in the third quarter and meantime the rate of credit card payments at least 93 days overdue rose slightly to three quarters o ....
you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. let s talk about some of the main market events of the morning. actually today fed chairman ben bernanke s speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank s operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, october housing starts released at 8:30 a.m. analysts looking for a decline in new building despite a steady stream of positive news on housing lately. yesterday the national association of home bui ....
400,000 outages. rhode island has nearly 173,000 without power. connecticut more than 38,000 outages. other states fared a little bit better. even though new york area airports began receiving flights today, the ripple effects across this country, airlines cancelling more than 5300 flights this week. and reporter jonathan hall from our nbc affiliate whdh was on the coast in massachusetts as the high tide came in. reporter: the water has definitely come up. i d say a good three or four inches just in the last ten minutes or so. and the national guard is here on the scene helping people evacuate. no mandatory evacuations at hall, but they are strongly urged. people in low-lying areas, areas that normally flood, are told get out. and now it might be too late. we ve definitely got the high tide flowing in here at hall. we re going to check in with reporters throughout the region today. nbc s ron allen is in connecticut. we re beginning with nbc s ron mott in prof dend ....
$400,000. at this point, having a backup plan to make sure that as few american taxpayers are affected by this increase as possible. now no one expects that the gop bill will pass the democratic-controlled senate. in fact, harry reid said forget it, they re not going to be passing any of these things. but this is another option out this. and it does change the dynamics in terms of who s going to be blamed for raising taxes. we ll see how this plays out. among our guests on the topic this morning is dccc chairman steve israel, congressman from new york. plus, we ll also be talking more about what s at stake in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he s going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we ll talk about what they see playing out and what they think is working w ....