CNN 2011-07-29

 All right.You know we are going to begin the debt.Minute by minute the nation inches closer to the break of default.The count down less than 74 days before the federal government could run out of money and is unable to pay its bills but in Washington a startled message delivering in the duing speech  by the President and Speaker of the House,their parties are desperate divided and you and I are about to pay the price.

 
We are covering all the angles from Wall Street,to White House Silicon 1 Valley, getting really creative at looking at the cost Americans could face even before the time officially runs out.Of course DL with the politics and the *alley 2   Let's start with you.The market's open. This hour.OK?How is the debt issue going to impact the things today and the rest of the week.
 
I know yesterday you kept saying give me a little more time, give me a little more time.Let's know when to worry.But how many times can we.....
When we were worried yet, we were watching.You know,P,you know how I am.I am watching this every minute when Asian market open,I watched all round.Basically,stock markers are betting that Washington will come to its senses and there will be a deal and that's means if we are getting a deal,you are probably might some one run of your foreign cash IRA. 
 
 
Generally speaking, not likely.What you are going to see if we don't get a deal is a sharp reaction in the stock markets,which will affect your foreign cash,your stock investment,what it will do is it will affect those companies that need to borrow money.
 
 
I want you to think back to 2008,during the credit crisis,the companies affected 3 most were those who had to borrow money when credit shut down internationally and you know what happened when companies don't plan to borrow money they do the first thing they can think of,they do the most effective way of cutting cost and that is cutting jobs.So the danger here is a fulfill 4 once a little cost,your stocks too is inter-interests could go up,interests going up could bring home prices down.
 
 
So it's the opportunity for you buyers but here seller that's bad but most importantly,above all that if companies start to pay more to borrow money,you know they already done  hiring even if they already got money,if it cost them more,they could start to laying off again.They could, could, there's a danger that the failure increasing debt selling could push us back a little bit from this recovery we are in right now.
 
 
All right,DL you are over there at the White Hose you know as see President what's going to do today?
 
 
Well,yours,first of all,nothing on the President's schedule at this point having to do with debt,deficit issue, it does typical meanings with the senior advisers 5 in a whole most of other issues but I can tell you a senior administration  official tells me that they had been having conversations with Congress those continue and that mirrors what we have been hearings from Democrat 6 and Republicans sources are that talks are still on the way to hopefully find some ares of comprise.Clearly both sides said,you know, they don't like each other's plans and so may be there is something can be found in the middle. 
 
 
The White House has been optimistic all along and the optimism continues.One senior administration official telling me a short time ago that they hope that Senate will prevail . So that's sort of mood hearing from the White Hose this morning as said we are getting closer to the deadline.
 
 
I don't know.You are getting lots of people are saying that it's insane and they are saying that all the cross the world that the alley Dan.
Put Norway attacks back,he's a little bit surprised.He was able to pull out and wasn't killed doing it after courting to Anders Behring Breivik's lawyer.His claimer still has to undergo text but the lawyer says everything about the case indicate that he's insane.Breivik's father also think his son is mentally ill and is pretty much dis*.
 
 
No I never have more contact with him in my darkest moments.i think that rather than killing 7 others people  he should have taken his own life.
This is strong words from a father.
 
 
They are but thinking about what happened.I got so upset.I still can't understand that something like this could happen.No normal human being would do something like that.
 
 
In England back in the Norway tragedy, criticizing the cooperate and the camp he attacked.SF join us live from London.S talk about what he' saying.
 
 
His comments are creating quiet fire storm.K,what he basically said is to compare the use of political labor 8 camp that used  on Island in Norway to the Hitler used in Germany. Listen to exactly how he put on his radio show.
As things start to unfold and there was a shooting any political camp which sounds like,you know, the Hitler use, whatever, I mean,who does a camp for kids that all about politics. Disturbing.