On the Radar: Obama bus tour, Aruba missing case, market turmoil
President Barack Obama discusses jobs in an event in Holland, Michigan, last week.
August 15th, 2011
06:12 AM ET

On the Radar: Obama bus tour, Aruba missing case, market turmoil

Three things you need to know today.

Obama on tour: President Barack Obama is expected to talk about strategies for creating jobs and improving the economy during a three-day bus tour through part of the Midwest beginning Monday.

"Many Americans are hurting badly right now.  Many have been unemployed for too long.  Putting these men and women back to work, and growing wages for everyone, has got to be our top priority," the president said in his weekly radio address on Saturday.

Obama is scheduled to take a 360-mile trip through Minnesota, Iowa and Illinois, meeting groups of small-business owners and other people at rural events. On Monday, he'll have town hall events in Cannon Falls, Minnesota, and Decorah, Iowa. (CNN's Wolf Blitzer takes you along for the ride on Obama's bus tour. Join Wolf for a one-on-one interview with the president, Tuesday at 6 p.m. ET on "The Situation Room.")

On Thursday, the president and his family will head to Martha's Vineyard, Massachusetts – his summer vacation site of choice for the third straight year.

Missing in Aruba: A U.S. man being held in Aruba in connection with the case of a missing American woman will appear in court Monday, a judicial official said.

An investigating magistrate could order Gary Giordano, 50, held for at least eight more days, order him to remain on the island or release him due to a lack of evidence, according to Aruban Solicitor General Taco Stein.

Giordano was arrested by Aruban police on August 5, three days after Robyn Gardner, 35, was last seen near Baby Beach on the western tip of the Caribbean island.

Financial markets: This week could be just as bumpy as last week's wild ride, as Wall Street continues to deal with the fallout of S&P's downgrade, the problems in Europe and the fate of the U.S. economy, CNNMoney reports.

On Monday, investors will get the Empire Statement manufacturing index at 8:30 a.m. ET. The manufacturing survey fell into negative territory in July, which means manufacturing activity contracted during the period. Investors will be looking to see if that trend continues for a second month.

Retailers reporting their results Monday include Urban Outfitters and home improvement chain Lowe's. Analysts expect that Lowe's earned 66 cents a share and Urban Outfitters earned 32 cents a share.

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Filed under: Barack Obama • Business • Crime • Economy • Jobs • On the Radar • Politics
soundoff (221 Responses)
  1. Pffft!!!

    An interesting piece on 60 minutes last night. One of many examples, Cisco has over 4 billion in business, with 1,000's of jobs in other countries. Why? Because our government charges 35% tax on major corp's vs. the average 15-50% abroad.

    Bottom line is, we force these jobs out of the country because of what we tax them. This has been an increasing trend over the years and it's going to get worse before it get's better.

    August 15, 2011 at 10:11 am | Report abuse |
    • Pffft!!!

      Sorry, that should be 15-20%.

      August 15, 2011 at 10:12 am | Report abuse |
    • palintwit

      You seem to be overlooking the low wages in most of these countries. A highly educated engineering type in India may make $5 – 6,000k a year. A blue collar skilled tradesman in China makes slightly less than a dollar an hour.

      August 15, 2011 at 10:22 am | Report abuse |
    • Pffft!!!

      Palinwit....I didn't overlook nothing. It was a story on 60min. I think it wold be foolish to ignore the fact that the cost of living is also different in these countries. And by the way, Cicso is setting up shop in Norway and Ireland, not India.

      August 15, 2011 at 10:25 am | Report abuse |
    • fred miller

      The problem is that Obama is a complete failure and a fraud. Lets try and remove the 20+ million leaches from this country who have destroyed the healthcare system...education system..monetary system..and brought with them diseases that we haven't seen in decades...stop coddling these illegals obama...I forgot ...YOU ARE ONE>>>

      August 15, 2011 at 11:04 am | Report abuse |
    • israel

      according to warren buffet, you're wrong, there was more job creation when the tax rates were higher and the rich could really care less about paying more taxes

      http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=2&src=tp&smid=fb-share

      August 15, 2011 at 11:08 am | Report abuse |
  2. unknown11

    If you want corporations to bring money to the US and spend it on employees you have to lower the corporate tax rate here to the same rates as the rest of the world. It is that simple. Our system now rewards companies for keeping their money overseas and hiring people in other countries. It is really that simple. The entire left half of the country is going to have to figure this out though. From their point of view, all problems could be solved if we could just raise the taxes on big bad business high enough. So, do you want a job, or do you want corporations to pay 35% on nothing. Right now you are getting 35% of nothing.

    August 15, 2011 at 10:19 am | Report abuse |
    • Seriously

      The tax rate may be 35% but none of them pay that much. What is the actual tax rate? What percentage do they pay on average? That is the number that matters. It was huge story that GE made several billion dollars in profit in the US but paid zero US taxes. It was also just announced that they were moving their X-Ray business to China. So tell me, how much money would tax payers have to pay GE (since they paid no taxes) to keep that business here in the States?

      August 15, 2011 at 11:03 am | Report abuse |
  3. justfaith

    So he is talking again while he is traveling again? Really?? Stay in the office and work. Stop wasting our tax money on your traveling show to talk to people about not having jobs and this time do something about it!!!!!!!

    August 15, 2011 at 10:23 am | Report abuse |
    • Thomas Covenant

      And right after he talks and talks he is taking a vacation.

      August 15, 2011 at 10:38 am | Report abuse |
    • mb2010a

      Congress is on a five week vacation...they are the ones who should be here.

      August 15, 2011 at 10:56 am | Report abuse |
  4. steve

    campaigner in chief needs to go back to D.C. to do his job instead of spending our money on re-election

    August 15, 2011 at 10:27 am | Report abuse |
    • palintwit

      If only he had a ranch in Crawford, Texas... he could spend 35% of his time in office "clearing brush".

      August 15, 2011 at 10:33 am | Report abuse |
    • rlcommenter

      Friend of mind at Minn Airport just told me there are 4 or 5 Air Force fighters on the tarmack waiting for Obama to arrive.. What a waste.... Apparently he needs to visit Ames Iowa to cleanse everything after the weekend of Republican influence.. Obama is a JOKE sometimes..

      August 15, 2011 at 10:40 am | Report abuse |
  5. Mark

    Where is the fact that barry's approval rating is at an all time low? Mmmmm.........maybe cnn didn't notice?

    August 15, 2011 at 10:28 am | Report abuse |
  6. Buddy1

    Bus Tour to talk jobs...sure!!!! It's called Re-Election Campaign at the cost of us the tax payers!!! Think maybe we could have spent the money this "tour" is costing to better use?

    August 15, 2011 at 10:28 am | Report abuse |
  7. I Want Answers

    Until a president can stand in front of me, talking about jobs and financial crisis without wearing a $3,000 suit, I can't give him a lot of credit. Actually, I include all politicians in my statement.

    Show me blue jeans and a t-shirt......that will be a politician I'll listen to.

    August 15, 2011 at 10:29 am | Report abuse |
    • bachmanntwit

      How about Michele Bachmann in a thong? Her husband Marcus likes to wear them too.

      August 15, 2011 at 10:35 am | Report abuse |
    • mb2010a

      Rest assured his suit did not cost $3000. And Bachmann in a thong is a picture I would not like to see...

      August 15, 2011 at 10:59 am | Report abuse |
  8. STEVE

    He's not on tour "discussing jobs", he's campaigning for re-election! Some truth would be nice CNN, not just propaganda and bias.

    August 15, 2011 at 10:33 am | Report abuse |
  9. Thomas Covenant

    So, a guy who never had to meet a payroll, never ran a business, never was a CEO of anything, hasn't a clue about economics and never ran any executive agency of government until he got on the job training as president....is going to lecture us on how to get jobs. What a joke.

    August 15, 2011 at 10:37 am | Report abuse |
    • mb2010a

      At least HE has one which is more than you can say...

      August 15, 2011 at 11:00 am | Report abuse |
  10. Rick McDaniel

    Be honest.........he is CAMPAIGNING!

    He couldn't care less about jobs. He considers the business community responsible to create jobs, and he is doing absolutely NOTHING to create jobs, himself.

    August 15, 2011 at 10:38 am | Report abuse |
    • mb2010a

      Of course he's campaigning, unless their in their second term, all presidents do the same thing. Further more, just what exactly do you expect him, personally to do about creating jobs. Businesses create jobs, not presidents...

      August 15, 2011 at 11:04 am | Report abuse |
  11. Ziggy

    Theres nothing that he can say or do now to change the fact that he has been a huge failure and a majority of the public want this corrupt,incompetent loser gone. Unless he has the elections rigged again by acorn or whatever its new name is, loser obama is gone in 2012

    August 15, 2011 at 10:40 am | Report abuse |
    • bachmanntwit

      Better hurry back to your double-wide Ziggy. You'll miss nascar.

      August 15, 2011 at 10:43 am | Report abuse |
  12. doesn't it make you sick...

    ...every time Congress pray's to the Wolf/Lamb god? Each time a President of the USA places his hand on a bible and swear's on it? Wlolf god bless A mericuns? Lamb god bless bless foreigners? Many here at CNN believe the notion of a god to be silly. Laugh @ congress? Poke fun @ Obama? No, you don't. You folks only attack your fellow citizens for believing in God. Mums the word here when it comes to the man YOU voted for being a believer. Mums the word.

    August 15, 2011 at 10:49 am | Report abuse |
  13. revive USA

    Obama, get back to the real work. you talk too much and people are finally beginning to see the truth. the "change" you bring to DC is a JOKE and a disgrace. Time for a non political president. Both are parties are a sleep and don't get it.

    August 15, 2011 at 10:55 am | Report abuse |
  14. revive USA

    CNN better start reporting facts and take an unbiased approach. the people are slowly waking up and washington is going to feel the heat.

    August 15, 2011 at 10:58 am | Report abuse |
  15. Americaneedsrealists

    Bottom line is whether you are a Democrat, Republican or independent everyone should come to the same conclusion. This man is unqulified to be president and unless you want your children and grandchildren to live in a second rate country (I wont say third world because I think that will take a few more generations) Obama has to go. All of the far left thinkers like Pelosi and Reid need to ne muzzled as well. The governemnt cannot take care of everyone.

    August 15, 2011 at 10:59 am | Report abuse |
    • mb2010a

      tea party babble...Obama 2012.

      August 15, 2011 at 11:10 am | Report abuse |
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