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Dow Higher After Opening Down 121 Points; 'West Memphis Three' Could be Freed; Global Markets Tumble; Brain Cancer Survivor Embraces Life; The Art of the Walkout; Hewlett Packard Leaving PC Business

Aired August 19, 2011 - 11:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

FREDRICKA WHITFIELD, CNN ANCHOR: All right. Live from Studio 7, I'm Fredricka Whitfield, in for Suzanne Malveaux. Let's get you up to speed for this Friday, August 19th.

Dow stocks tumbled almost 100 points at the open today, but investors cut their losses as the morning wore on. Right now, blue chips are up, thankfully, about 12 points. The Dow plunged to 419 points Thursday on fears of a new recession. That drove most Asian and European markets lower today.

And at a time when politicians are trying to create jobs, the nation's largest bank is cutting them. Bank of America will shed 3,500 jobs on top of the 2,500 already cut this year. "The New York Times" reports a broader revamping that's under way could cost another 10,000 jobs.

The notorious "West Memphis Three" are due if court in Jonesboro, Arkansas, this hour. They could walk out as free men.

Jurors convicted the men in the 1993 mutilation, murders of three boys, but recent DNA tests did not link them to the crime. The Arkansas Supreme Court ordered today's hearing to determine whether they should get a new trial. Instead, some sort of deal has apparently been struck.

(BEGIN VIDEO CLIP)

STEVE BRANCH, VICTIM'S FATHER: They said that a deal has been made, or is about to be made, for two of the animals that killed my son. I don't know what kind of deal they worked up. I mean, now you can get some movie stars and a little bit of money behind you and you can walk free from killing somebody?

(END VIDEO CLIP)

WHITFIELD: Actor Johnny Depp and singer Eddie Vedder have rallied for the men's release.

And Israeli jets bomb targets in Gaza for a second straight day today. Militants in Gaza launched at least 10 rockets into southern Israel today. The retaliatory strike on both sides were sparked by attacks in southern Israel Thursday. Seven Israelis were killed. And a light rain fell today as families of Norway's shooting victims visited the island where the rampage took place last month. Sixty-nine people died, most of them young people attending a summer camp. The man accused of carrying out the attack went to court in Oslo today. Anders Breivik is also charged with bombing government buildings that same day. That attack killed eight people.

And a sudden and fierce storm brings down stage scaffolding and several giant TV screens, killing five people. You remember that happened at a music festival in Belgium this time, one of Europe's largest outdoor concerts. The tragedy mirrors an incident in Indiana last weekend.

Royal newlyweds William and Kate are comforting riot victims in Birmingham, England, today. Three men were killed in the city during the unrest, run down by a car while trying to keep looters out of the stores. Their funeral drew 20,000 mourners to Birmingham Thursday. Four men are in custody now, charged with their murders.

So much for international goodwill. A Beijing basketball game ends when punches, chairs and bottles fly. The Georgetown University Hoyas played China's Rockets. It was a physical game from the get-go, and the aggressive competition boiled over.

The Americans left the court with 10 minutes on the clock and the score tied. And that was the end of the game.

So we're watching the markets right now, where the Dow is in positive territory, thankfully, after opening more than 100 points down. Investors are trying to catch their breath after yesterday's huge losses.

Let's check in with our Money team, Christine Romans, in New York, Alison Kosik at the New York Stock Exchange.

Alison, let's start with you. The stocks are doing OK. We're not going to get too excited, but it's better than what we saw yesterday, up 11 points.

ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Exactly. Proceeding with caution is probably a good idea.

We are seeing green arrows, the Dow up 14. But volatility is still king.

Think about it. When we heard the opening bell this morning, the Dow dropped up to 121 points. The Dow fell 121 points, rather, and now we're up. So we're seeing these swings still happen, although not as volatile as we've seen it yesterday and in the past week as well, because what's happening here, traders I talk to say, you know what? We aren't really seeing any good news out there to make these rallies stick in a real way.

Also, not much economic data coming out, so not much information out there for traders and investors to actually trade on. But what you're seeing mostly is investors buying up some beaten down shares, especially after we saw the Dow fall more than 400 points yesterday -- Fredricka.

WHITFIELD: So, Alison, lots of volatility. And now we're hearing about job cuts in the financial sector. Sounding rather familiar, kind of like a 2008 repeat.

KOSIK: No, I definitely would not put it in the class of the 2008 repeat. Even think about the market movements, you know, back during the financial crisis, during the recession, we saw market move drops up to seven percent. We're not seeing that this time around. We're seeing drops on the Dow from three percent to four percent, so really it doesn't compare in that respect.

Also, during the recession, during the financial crisis, we saw lots of worries about banks going bankrupt. The fact of the matter is, this time around, banks are flush with cash, they're even lending. So I don't think you can really compare the two -- Fredricka.

WHITFIELD: OK. Well, that's encouraging. I like that. Alison, thanks so much.

KOSIK: Yes, it is.

WHITFIELD: Christine, relative calm after that stormy session yesterday, although people were a little nervous when the markets opened 100 points down. But now positive territory.

CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: I think the biggest piece of the advice for everyone out there is this is a market for professional investors. I mean, Alison is talking about the volatility, and she's absolutely right.

This is where professional investors look at technical levels on the S&P 500 and say, well, this particular line wasn't breached, so I'm going to step in and buy stocks here. And then they've got sell orders at other levels if we happen to get the market going up a certain bit. And that's the kind of thing that can make individual investors feel crazy.

The other thing is individual investors tend to react long after they should have in a market like this. I mean, the most important thing for people in their 401(k) is to know what you own, why you own it, how well you're balanced. If you are 60 years old, if you're 54, you're 55 years old or older, and you still have a whole bunch of stocks in your portfolio, you need to take a pretty good look at where you're allocated.

And that sounds maybe boring, but that's boring, but important in terms of financial market planning and retirement planning. So retirement planners have been cautioning calm for weeks now because it's been a pretty awful August, hasn't it?

WHITFIELD: Yes.

ROMANS: The Dow, down 9.5 percent. And a lot of the big worries that are still out there are still out there. It's just a Friday afternoon, with professional investors in charge. WHITFIELD: Yes. And so what's the recommendation on how often you should be adjusting your portfolio?

ROMANS: You know, I look every quarter. And the advice that I gave in my book, and that the people in my book gave, is every quarter. Other people say you should do it, like, how often you go to the dentist, every six months. And some people close their eyes and do it once a year. It just depends on what's important to you.

There are some mutual funds and retirement programs that actually are target date retirement plans that actually switch it for you as you get older so you don't get stuck at 60 years old with too much stock in a market like this and then you're in trouble. So it's really important, how you're weighted, your asset allocation, and then also your portfolio rebalancing. Those two phrases, "asset allocation," "portfolio rebalancing," I mean, those are the two most important things in terms of investors like you and me.

WHITFIELD: Yes. All right. Christine Romans, thanks so much.

ROMANS: Sure.

WHITFIELD: Alison Kosik, as well.

Thanks to you ladies. Appreciate that.

So here is a rundown of some of the stories that we are covering.

First, three men convicted in the brutal killing of three Arkansas boys could go free today. We'll explain why.

And imagine returning from a trip to find your car looking like this at the airport. Find out what happened in this town last night.

And then, move over, Fred Flinstone. This Michigan driver also tries to stop his car with his feet.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: What he was doing, it's so stupid, it's funny. He admitted or knew that he had no brakes. He thought he could do it. He wanted to get home. He said he had a very, very long day at work, and he had to work today.

(END VIDEO CLIP)

WHITFIELD: Oh, boy.

And, can't find a job? Well, maybe it's your old school resume.

And later, Hewlett-Packard says it's getting out of the PC business. Why the decision will shake up the IT world.

(COMMERCIAL BREAK)

WHITFIELD: A new twist in an 18-year-old murder case that sent shock waves through West Memphis, Arkansas. The so-called "West Memphis Three" could be freed today after a court hearing. They were convicted of the gruesome killings of three second-graders. Damien Echols was sentenced to death. Jessie Misskelley, Jr. and Jason Baldwin got life sentences.

The victims, who were Cub Scouts, were mutilated and left in a ditch, with their bodies tied with their own shoe laces.

CNN's David Mattingly is in Jonesboro, Arkansas, for the hearing.

(BEGIN VIDEOTAPE)

DAVID MATTINGLY, CNN CORRESPONDENT: Fredricka, here in Jonesboro, Arkansas, outside of this small courthouse, anticipation continues to build for an abrupt and dramatic change in the case of the "West Memphis Three." According to someone close to the case, we are told that a deal is on the table in which these three men will be able to walk out of here free men today after being behind bars for 18 years.

They will be able to maintain their innocence, but they will have to acknowledge that the state of Arkansas does have evidence against them that, if they go to trial, could be presented to a jury to seek a new conviction. But the bottom line here, these men, who have spent their entire adult lives behind bars, could be going free today if everything goes as planned.

This is a huge surprise to the followers of this case who have been following it for so long. They believe that the evidence in this case was lacking all along, that these three men who were teenagers at the time were convicted out of emotion and not out of fact.

The final nail in the coffin for the state case, many believe, is the fact that supporters funded DNA research, and that research came back to determine that not one of the three could be placed at the crime scene. So now we're waiting to see if they will be able to take their first steps into freedom after being behind bars for more than 18 years -- Fredricka.

(END VIDEOTAPE)

(NEWSBREAK)

WHITFIELD: Here's a look at today's "Choose the News" stories. Text "22360" to vote for the one that you want to see.

First, bookstores, video stores and now record stores. Add them to the list of dying industries. But independent record stores aren't going down without a fight. Will it be enough to keep their doors open?

And then, second, the cupcake craze is going global. Magnolia Bakery is a New York favorite. It was made famous by "Sex and the City." And now the world could get a taste.

Or, third, legends of Tuskegee. The story of the Tuskegee airmen is one of the most compelling of World War II. And you can hear their stories first hand.

So, you can vote by texting "22360." Text "1" for "Dying Industries"; "2" for "Cupcakes Go Global"; or "3" for "Breaking Barriers."

The winning story airs next hour.

All right. What happens on Wall Street ripples around the world and vice versa. Global markets are down today, Asian stocks finished in negative territory, and European markets, well, they're in the red.

CNN's Richard Quest joins us live from London.

So, Richard, what's driving the international markets down? If yesterday was fear, is it the same today?

RICHARD QUEST, HOST, "QUEST MEANS BUSINESS": Well, I think it's a pause for breath. And everybody is taking a bit of a calm Friday.

In Europe, we are still off just less than one percent on all the major markets. The DAX in Frankfurt has been hit hardest. But I think it's the U.S. markets that are of most interest.

Having been clobbered out of bed yesterday, now, as you can see from your numbers, we're actually positive on the Dow. The Nasdaq is having quite a strong session.

The markets are bouncing -- well, they're off 41 points now. We had been positive a few moments ago.

It just shows the mood, Fred. Five minutes before those markets were up, five minutes in time, who knows where they'll be? So what I'm saying is, any buying and any optimism that there is out there is literally an inch thick and a mile wide. It can be blown away very, very easily. But as long as it holds, it means more damage isn't being done to 401(k)s, to pensions, and to saving accounts.

WHITFIELD: And now let's talk about the European markets. Add France now to the list of countries in Europe that are having some serious financial problems. And now there are a lot of rumbles of people who say, doggone, why do we have the euro? We should have kept the French franc.

QUEST: Oh, absolutely. You could pick any country. You can ask the Germans, and they will say, why do we have the euro?

The reality is -- and let me be -- here is a hostage to fortune analysis for you, Fred. The euro is not going anywhere anytime soon.

There are those who, on ideological grounds, would like to see it dumped and abandoned. There are those who loathe and detest it. There are those in Greece, which is expected to fall by 4.5 percent as the recession continues to bite. But take this to the bank tonight -- the euro is not collapsing anytime soon.

WHITFIELD: It's here to stay. All right. Thanks so much, Richard Quest. Appreciate that. We'll check back with you throughout the afternoon.

All right. So we have all seen the heartbreaking images from Somalia, tens of thousands of children literally starving to death, victims of famine and war. But the drought that has ravaged Somalia also extends across Ethiopia and Kenya.

And that is where one group founded by a 2010 CNN Hero has stepped up its efforts to reach thousands of its youngest victims.

(BEGIN VIDEOTAPE)

ANDERSON COOPER, CNN CORRESPONDENT (voice-over): As millions struggle across the drought-ravaged Horn of Africa, in what the U.N. Refugee Agency is calling the worst humanitarian disaster in the world, CNN Hero Magnus MacFarlane-Barrow's organization, Mary's Meals, is in the middle of the crisis.

We've been working in northern Kenya for about four years now. We've seen the situation worsen steadily.

MAGNUS MACFARLANE-BARROW, CNN HERO: Today, around one-third of the children are malnourished. And so we have a real situation of life and death. And because of that, we are trying desperately to expand our program to reach more children at risk.

COOPER: Since 2006, Mary's Meals has been feeding thousands of young children in schools across the region.

MACFARLANE-BARROW: The mission of Mary's Meals is about linking food to education, allow education to be the light out of poverty for their whole community.

COOPER: In recent weeks, Magnus' organization has responded to the drought crisis by feeding an additional 6,000 children daily, 24,000 in all, the kind of important global work for which Magnus was named a Top Ten CNN Hero last year and received an Order of the British Empire from Queen Elizabeth. But Magnus remains laser-focused on the critical work in Africa.

MACFARLANE-BARROW: As part of our East African emergency response, we intend to reach many more thousands of children, and we'll do that as funds allow us to.

COOPER: Many more thousands of children to be supported by an organization already feeding 500,000 children daily in 16 impoverished countries.

MACFARLANE-BARROW: It's so much just about the will of people to share a little of what they have in order that these children can be fed.

(END VIDEOTAPE)

WHITFIELD: And to learn more about Mary's Meals, or to donate to its relief work, visit CNNHeroes.com. And there's a little more than a week left to nominate someone you know who is making a difference in your community. Remember, every CNN Hero is chosen from people that you tell us about. Visit CNNHeroes.com to nominate someone today.

If you are unemployed, or you're looking for a job, here's some good news. There are over three million jobs available right now across the country just waiting to be filled. So dust off your resume. In about three minutes from now, we've got some tips to help you stand out from the competition.

Plus, we know the job hunt can be frustrating, but we've got you covered. Here is a list of some companies hiring right now: insurance company Liberty Mutual, AT&T Retail stores, Wal-Mart, and we'll have several more for you right after this.

(COMMERCIAL BREAK)

WHITFIELD: OK. So what are some of the companies that are hiring right now?

Home improvement store Lowe's is looking for a few good employees, defense contractor Lockheed Martin, and Enterprise Rent-a- Car.

OK. So here's a rundown of some of the stories that we're also working on next.

Like Lowe's and Enterprise, the government says there are three million job openings in America right now. We'll tell you how to spiff up your resume to get those jobs.

Then, HP says good-bye to its TouchPad and prepares to get out of the PC business altogether.

And at 12:40 Eastern Time, a woman chooses eating right over surgery and saves her own life.

All right. Let's take a quick look at the markets. We continue to watch.

The Dow, down 39. But don't worry. It just might go up, because just within the past 15 minutes or so, it's been on an incredible roller-coaster ride, in positive territory, and now back to negative, at 40 points down. We'll continue to watch the markets for you.

All right. The bleak job market is adding to the uncertainty and upheaval in the stock market. More than 14 million Americans are out of work, and that's just the ones the government is counting. Applicants who spent hours in line at an Atlanta job fair talked about their determination, but also, they talked about the frustration that jobs are so hard to find.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: You're on the Web, you're sitting in front of a computer, four or five hours, trying to find out the jobs that are available.

UNIDENTIFIED FEMALE: After, like, a month or so, you start to feel like, you know, is there any hope? Is there anybody even looking at your profile online? And just not many responses that you get back.

UNIDENTIFIED FEMALE: It's my job to get a job. I'm going to get one. I'm going to find one.

(END VIDEO CLIP)

WHITFIELD: All right. Positive attitude there.

So, with so many people looking for work, how can you stand out from the competition, especially when with you're at a huge job fair like the one yesterday?

Career and social media counselor Miriam Salpeter is here.

So, Miriam, what are some of the mistakes, if it's about mistakes that some of the job seekers make, that makes it hard for employers, I guess, to give them some good news?

MIRIAM SALPETER, CAREER COUNSELOR: You know, I think the number one thing job seekers don't realize is that they are using the same exact resume to apply to all different kinds of jobs. It's really important to know that it's targeting your resume is what's going to get you noticed.

WHITFIELD: OK. And so, you've got to know a little bit more about the company, you've got to know something about the job so that you can specify in your resume.

SALPETER: Exactly. It's really important for job seekers to read those job descriptions carefully. They want to show that they're the exact match between the job description and what they have to offer, and that's what employers are looking for.

WHITFIELD: And so your resumes really need to be transferable now. It's not just an issue of e-mailing your resume or mailing a hard copy, but you need to be involved in social media to what extent? And how do you craft your resume, your profile, for social media?

SALPETER: Well, first is identifying what it is you have to offer. So it's a good idea to do some research and figure out, what are the companies you're looking for. You can look on their job descriptions, on their websites, look at LinkedIn profiles of other people who are doing similar jobs, and then try to make sure your targeting information in that way.

WHITFIELD: Yesterday, I spoke with a young woman who was looking for a job, Johanna Hill. She was at the job fair that was sponsored by the Congressional Black Caucus here in Atlanta. As you saw on those pictures, thousands of people.

And, you know, she really talked about the frustration that she has been experiencing in trying to find a job.

Listen to what she had to say yesterday.

SALPETER: Yes.

(BEGIN VIDEO CLIP)

JOHANNA HILL, JOB SEEKER: It's very difficult to find employment. The employers say that they're hiring, but when you show up, they'll explain to you to go online and complete the application. You complete the application. I've even literally completed it and took it personally back to the employers and haven't heard anything.

(END VIDEO CLIP)

WHITFIELD: OK. Her sentiment was expressed just like the gentleman earlier who said the same thing. You're wondering, is anyone even looking at my resume? Are they looking at that application?

So, what can you do to kind of help your application or resume stand out?

SALPETER: Well, you know, one thing that a lot of job seekers don't realize is when they fly for jobs that aren't exactly suited, then they're being screened out by computers before a human being even ever sees a resume.

So, applying for the right kind of jobs is important.

WHITFIELD: So, you need trigger words, is that what you're saying?

SALPETER: Keywords is important, and you find those keywords include things like job titles. If you're applying for a particular job title, that title needs to appear in your materials, even if you never held that job before.

WHITFIELD: OK. So let's take a look at what I guess you would consider kind of the old-style resume, one you need to get rid of, and then we're going to compare it to the new updated version. So, let's look at old. This is what I guess most people are kind of familiar with, their name at the top, their address, the objective, what they're looking for in their career, et cetera.

What's the matter with that?

SALPETER: Well, number one is the objective statement is very dated. Today, it's more important to focus in on exactly what you have to offer the employer, not what it is you want to do.

And here the objective was showing a lot of dated words and useless words that weren't descriptive.

WHITFIELD: Isn't a case of too many words, too?

SALPETER: Not necessarily too many words, but just not words that are descriptive enough to make an impact.

(CROSSTALK)

WHITFIELD: OK. This is the new one here?

SALPETER: Yes.

WHITFIELD: That looks harder to read. No?

SALPETER: Well, it highlights the job seeker's online credentials and makes it easy to find more about them online with the LinkedIn and Twitter and Google Plus, makes them look like they are ahead of the curve in terms of using new technology.

WHITFIELD: Being modern.

SALPETER: Yes.

WHITFIELD: Having that right at the top.

Now, let's talk about experience, because sometimes, you know, we're hearing from a lot of people who may have been in an industry for many, many years, you know, a few decades, they may be in their 50s or now, you know, or even their 40s, they're trying to, you know, find a job.

But sometimes, that experience becomes a detriment, perhaps it even ages potential applicants.

Is there ever a case in which you want to eliminate some of that experience, try to conceal how old you are essentially?

SALPETER: Well, I don't know necessarily concealing how old you are, but definitely on a resume you don't really need to show more than 10 years of experience. But that's what's most relevant for the employer.

WHITFIELD: OK. And that professional experience -- this is the old resume. This is --

SALPETER: Right. Old style, bullets. You know, a lot of people have old-style fonts. You want to make sure the resume not only is visually interesting but also gives information that is useful.

WHITFIELD: So, how is this an improvement?

SALPETER: The difference here is it includes specific figures, numbers, the job seeker's impact on the employer's organization, 17 percent increase in page views, increased profitability from $15 million to $20 million. Definitely shows the key words such as what kind of programs they were using to accomplish those results.

WHITFIELD: All right. Miriam Salpeter, thanks so much. I hope this is helpful to all the people who continue to look and express their frustration that the job market really is not finding some real fruit for a lot of people who are looking. SALPETER: Having a positive attitude is a big part of it, and then using the tools that are available is really helpful.

WHITFIELD: All right. Miriam, thanks so much. Appreciate it.

SALPETER: Thank you. Thanks so much.

WHITFIELD: OK. A reminder to vote for today's "Choose the News" winner as well. Text 22360 to vote for the story that you want to see.

Text 1 for dying industries. Record stores are going after some of the industry's biggest artists to keep their door open.

And then text 2 for cupcakes go global. After conquering New York City, one shop is taking its treats worldwide. And there's big money in these small desserts.

Then you want to text 3 for the legends of Tuskegee. Tuskegee airmen made history in World War II, but they told us they were just doing their jobs.

The winning story airs next hour.

And many cancer survivors say having the disease changes you. Ahead, we'll meet a wife, mother and brain cancer survivor who says she no longer makes decisions based on fear.

(COMMERCIAL BREAK)

WHITFIELD: Each week, CNN's chief medical correspondent, Dr. Sanjay Gupta, introduces us to someone who had achieved remarkable things despite having to overcome major challenges.

In this week's "Human Factor," we meet a cancer survivor who's embracing life despite having an uncertain future.

(BEGIN VIDEOTAPE)

DR. SANJAY GUPTA, CNN CHIEF MEDICAL CORRESPONDENT (voice-over): Four years ago, Jennifer Giliberto's life was turned upside down.

JENNIFER GILIBERTO, BRAIN CANCER SURVIVOR: I was told, you have a brown tumor.

GUPTA: Her first surgeon didn't want to operate. And that didn't sit well her.

GILIBERTO: I felt as if, it's my body. This is my brain tumor that you say is in my head, and yet you won't treat me the way I want my course of treatment to be.

GUPTA: So, she got a second opinion. And the new surgeon was willing to operate. The surgery went well and the tumor was out.

A biopsy confirmed that the type of tumor she has will most likely come back.

GILIBERTO: I may know that, on average, I have 10 years from diagnosis until it becomes malignant, and I understand what that means. But I am going with the assumption that it might be sooner than later, and that's OK.

GUPTA (on camera): In fact, planning to have another baby.

GILIBERTO: This decision to have a child was probably the most difficult decision of all of the process. It was by far easier to accept the fact that I probably won't see my kids graduate from college than to decide to have a child.

What if you are that person that 25 years from now, your kids are getting married and you're still stable and you're living with regret for maybe making a decision out of fear.

GUPTA (voice-over): Having overcome the initial obstacles posed by her cancer, Jennifer has decided to embrace life in other ways. In addition to being a mom to sons Tucker and Cooper, Jennifer has become a patient advocate, sharing her experiences with others who also have brain cancer.

And she's a fund-raiser. Jennifer has been raising money by participating in a race for research. This year, Jennifer could only participate in the walk because she and her husband decided to expand their family.

(on camera): In some ways equally impressive is you decided to do this walk and you're pregnant.

GILIBERTO: I'm totally healthy aside from the brain tumor.

GUPTA: Just two days after we sat down together, one week ahead of schedule, Jennifer gave birth to a healthy little girl named Harper.

Dr. Sanjay Gupta, CNN, Atlanta.

(END VIDEOTAPE)

WHITFIELD: And this weekend on "SANJAY GUPTA, M.D.," life expectancy in Cuba matches the U.S. and the infant mortality rate is lower. Yet, the Cuban government spends far less per person on health care cost. Sanjay Gupta reports on Cuba's health care system, Saturday and Sunday, 7:30 a.m. Eastern, right here on CNN.

And if you think you'll ever feel the need to storm out of a television interview, stick around. Straight ahead, Jeanne Moos explains how there's a right way and wrong way to do it.

(BEGIN VIDEOTAPE)

JEANNE MOOS, CNN NATIONAL CORRESPONDENT (voice-over): Who doesn't love a walkout? Sometimes, it makes great TV when hosts and guests disagree. PIERS MORGAN, HOST, CNN'S "PIERS MORGAN TONIGHT": Why are you being so weird about this?

CHRISTINE O'DONNELL (R), FORMER U.S. SENATE CANDIDATE: I'm not being weird, you're being a little rude.

MOOS: But if you're going to walk out of an interview, here's how not to. Do not have your PR person intentionally block the camera.

MORGAN: Where are you going?

MOOS: And if you're going, go. Don't linger.

O'DONNELL: All right. Are we off?

CARRIE PREJEAN, FORMER MISS CALIFORNIA: Larry, you're being inappropriate.

LARRY KING, CNN CONTRIBUTOR: What?

UNIDENTIFIED FEMALE: I'm not going to talk about --

KING: I'm asking a question.

MOOS (on-camera): If you're serious about walking off, we recommend you don't keep looking off to the side at your PR people.

(voice-over): It sort of dilutes the define act of walking off if you're looking for advice from the sidelines.

KING: Who are you talking to?

UNIDENTIFIED MALE: Do you ever worry about your moment having passed?

UNIDENTIFIED FEMALE: Can I -- I was curious about one thing.

MOOS: Do not do as Naomi Campbell did, do not whack the camera. Do not overturn furniture. Just because the host called then quarterback, Jim Everett, a girl's name, Chris Everett.

And do not drop a string of F-bombs as comedian Andrew Dice Clay did.

ANDREW DICE CLAY, COMEDIAN: Guy wants to open a (EXPLETIVE DELETED)

UNIDENTIFIED MALE: All right, Andrew.

CLAY: (EXPLETIVE DELETED) here. You know, (EXPLETIVE DELETED) what (EXPLETIVE DELETED) network

MOOS: If you must cuss --

ROBERT NOVAK, JOURNALIST: I think that's (EXPLETIVE DELETED). MOOS: -- try to confine yourself to a single expletive bleeped.

Remember, TV producers love walkouts. Your walkout is likely to end up as a promo.

SARAH FERGUSON: Sorry? What's your question?

ADVERTISEMENT ANNOUNCER: It's the weirdest interview you'll ever see.

FERGUSON: Delete that.

ADVERTISEMENT ANNOUNCER: What sent Fergie completely off the rails?

MOOS: If you want to see an expert walk out, check out the young Donald Trump.

DONALD TRUMP, ENTREPRENEUR: Do this interview with somebody else. You don't need this. Do it with somebody else.

MOOS: Kiss front man Gene Simmons was being interviewed with his significant other of 28 years when Joy Behar brought up his claim that he slept with 5,000 women.

GENE SIMMONS, KISS: My back is good. My shrekel (ph) not so much.

SHANNON TWEED, FIANCE: That's very nice of you to joke.

SIMMONS: It's a joke! (EXPLETIVE DELETED) off. Where are you going?

Thanks for the question.

MOOS: His companion headed off toward the New York skyline.

(on-camera): What she didn't know is that the only way out of here is through this fake garden wall.

(voice-over): So, momentarily corralled, she paced.

SIMMONS: Please come back here.

TWEED: You know what, no, you joke about it, and it's not funny.

JOY BEHAR, HOST, JOY BEHAR SHOW: Shannon, you want to come back?

TWEED: I don't really.

BEHAR: She doesn't.

MOOS: Before your walk out, make sure that there's some place to walk to.

Jeanne Moos, CNN. SIMMONS: Shannon, come back.

MOOS: New York.

(END VIDEOTAPE)

WHITFIELD: And Sarah Palin criticizing the president about his jobs plan. Hear what she said, next.

(COMMERCIAL BREAK)

WHITFIELD: All right, it's punch line time. Here's Jon Stewart's take of the government's investigation of Standard & Poor's, the company that recently downgraded the U.S. credit rating.

(BEGIN VIDEO CLIP)

JON STEWART, HOST, COMEDY CENTRAL'S "THE DAILY SHOW": Guess what, S&P? Payback's a (EXPLETIVE DELETED).

UNIDENTIFIED FEMALE: The Justice Department has reportedly launched a probe into whether Standard & Poor's improperly rated mortgage securities.

STEWART: What, what? What's up, S&P? Tell me how (EXPLETIVE DELETED) tastes. You mess with us, we mess with you. You're meat. And by meat, I mean we launched probe and you may be subject to several depositions by government officials, plus interviews by investigators that in some cases could lead to fines.

Obviously, it's a negotiation in many respects. The point is, there's a strong chance your name will end up in a scathing editorial on page A-17 of "The New York Times."

Sorry, S&P, but revenge is a dish best served slow and with a great deal bureaucratic paperwork.

(END VIDEO CLIP)

WHITFIELD: Onto politics now. Sarah Palin is criticizing President Barack Obama.

Joe Johns, part of "The Best Political Team on Television" live from the Political Desk in Washington.

So, Joe, what is she saying now?

JOE JOHNS, CNN SENIOR CORRESPONDENT: Hey, Fred.

Well, former Alaska Governor Sarah Palin taking on the president for going on vacation while the country is facing economic problems. She's not the first Republican to do this, but listen now to what she says about the president's trip to Martha's Vineyard.

(BEGIN VIDEO CLIP) FMR. GOV. SARAH PALIN (R), ALASKA: He's very, very tone deaf. I can't believe that he, after three days in the heartland, did not hear the things that I hear when I am in the heartland and anywhere else across the U.S., and that is come on and buckle down and let's be serious about getting the country back on the right track.

(END VIDEO CLIP)

JOHNS: Interesting, though, that Palin is making the critique, it wasn't too long ago that conservatives were criticizing Palin from basically walking away from her job as governor of Alaska and never coming back to it.

She resigned the governor's office two years before her term was up. The speculation at that time was that she was positioning herself to jump into the 2012 presidential race, but, Fred, as we all know that quite hasn't happened yet.

WHITFIELD: Joe, I also understand there is more fallout about the treason comment the Republican presidential candidate Rick Perry made about the Federal Reserve chairman. What is new?

JOHNS: Apparently a lot of people from the Bush administration really took offense at Rick Perry's comments suggesting it would be treasonous if Ben Bernanke created more stimulus, in other words printed more money before the election.

Bruce Bartlett is one of those people, he's a former official in the Bush Treasury Department, though you can't call him a defender of the Bush administration. He made his comments on CNN's "AMERICAN MORNING" just today.

(BEGIN VIDEO CLIP)

BRUCE BARTLETT, FORMER TREASURY OFFICIAL: Rick Perry is an idiot, and I don't think anybody would disagree with that.

(END VIDEO CLIP)

JOHNS: Yikes. An idiot?

Bartlett said the politics of the Federal Reserve are a serious problem and he blamed U.S. presidents who he said have historically not focused their energies on the bank.

Rick Perry, by the way, has been asked and he has refused to retract or revise those comments.

Anyway, finally former U.S. Senator Russ Feingold is not going to be running for public office in 2012. There had been a little bit of speculation about him getting into the race, either as senator or governor. He announced Friday on the website of his political action committee that he's just not going to jump in.

This is the former Wisconsin senator where there has been so much politics over the last few months. In his state, he lost his re- election bid in 2010 which a lot of people thought would leave the door open to a run in the future, Fred.

WHITFIELD: All right, Joe Johns, thanks so much for that political update.

And for the latest political news, you know where go where to go, CNNPolitics.com.

The world's biggest computer maker says it doesn't want to make PCs any more, including the its brand new TouchPad. We'll explain why.

But first, how many passenger vehicles are now cruising the planet. Is it, A, 500 million; B, 700 million; or C, 1 billion.

The answer after this.

(COMMERCIAL BREAK)

WHITFIELD: So how many passenger vehicles are now cruising the planet? The answer is, C, 1 billion, according to an industry trade journal. Something to think about the next time that you're stuck in gridlock on your commute.

The world's largest computer maker is getting out of the PC business. Hewlett Packard also killed off its the latest product launched just last month, the TouchPad tablet, which wasn't doing that well.

CNN's Dan Simon is joining us now from San Francisco.

Dan, this is amazing, is it not?

DAN SIMON, CNN CORRESPONDENT: Well, Fred, here is the question. Ask yourself this, did you buy an HP TouchPad or do you know anybody who bought an HP TouchPad? My guess is the answer is no.

And I was trying to compare this to something. Think about making the most expensive Hollywood film in history and it absolutely tanks. This is really the equivalent. In some ways, it's much worse.

HP spent more than $1 billion to buy Palm. And as you may recall, Palm was, at one time, was the leader when it came to mobile devices back in the late 1990s. And what it did is, it took the Web operating system from Palm, it was called Web OS, and it built itself a tablet and a smartphone and we were at the unveiling earlier this year.

Take a look.

(BEGIN VIDEO CLIP)

JON RUBENSTEIN, HEWLETT PACKARD: This is the HP TouchPad.

(APPLAUSE)

The TouchPad is all about you. How you want to work, how you want to play and how you want to connect to the things that you value the most.

(END VIDEO CLIP)

SIMON: Well, nobody wanted to connect. Best Buy apparently sold about 10 percent of its inventory. My guess is you probably can get yourself a very good deal right now for an HP TouchPad.

The problem with this product is it really got mediocre reviews and there weren't many apps created for it. The iPad, for example, has 90,000 apps, and the HP TouchPad only had 300 apps, just 300 and developers didn't really want to touch this thing with a 10-foot pole -- Fred.

WHITFIELD: OK, so now what does HP do and how might this impact a whole lot of employees?

SIMON: Well, that's a good question.

You know, HP is still the largest technology company in the world when it comes to revenue, but it has decided that it basically wants to get out of the computer business. It's looking to spin off its computer business and get more into the corporation side of things, more into the enterprise software. It's apparently has put in an offer, a 10 billion offer for a British software company, and wants to compete more with IBM and sort of get out of the consumer business.

But you raise an interesting point, will there be playoffs? We'll just have to wait and see what happens with that.

WHITFIELD: And then, of course, if you own an HP, you are a little worried about its value, and when you need to get it repaired, you are worried about parts, all that.

SIMON: That's exactly right. It's like getting a car and it's discontinued.

My guess is that HP will service the product at least for the immediate future, but a year or two from now, you may be out of luck.

WHITFIELD: Oh, boy. All right, Dan Simon, thanks so much, appreciate that from San Francisco.

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