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Biden, Ryan Survive Verbal Slugfest; Beyond Medicare Scare Tactics, JPMorgan Chase Posts Record Q3 Profit; Endeavour Makes Its Way Home; Rolling Stones Release New Songs
Aired October 12, 2012 - 09:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
DON LEMON, CNN ANCHOR: Hello. I hope you got more sleep than I did. At least you get to go and rest now. All right, have a safe flight back, Soledad.
Stories we're watching in the NEWSROOM. Verbal slugfest. Americans look for a fight and a debate breaks out. Joe Biden squares off with Paul Ryan who won? Who lost? And this morning we're asking, is anyone really changing their vote?
(BEGIN VIDEO CLIP)
JOE BIDEN, VICE PRESIDENT OF THE UNITED STATES: This is a bunch of stuff. Look, here's the deal.
MARTHA RADDATZ, MODERATOR: What does that mean a bunch of stuff?
BIDEN: Well, it means it's simply inaccurate.
REP. PAUL RYAN, (R-WI) VICE PRESIDENTIAL CANDIDATE: It's Irish.
BIDEN: It is. We Irish call it malarkey.
RADDATZ: Thanks for the translation.
(END VIDEO CLIP)
LEMON: By the way, malarkey is trending on Twitter. The verbal fireworks between the two vice presidential candidates. This debate had some real horsepower and we have got the lowdown for you.
And turning to prayers. Scores of Pakistanis are showing their support for a 14-year-old activist who survived an assassination attempt by the Taliban. Now dozens of people have been arrested in the case.
And moving times. Space Shuttle Endeavour begins a two-day, 12-mile trip on the streets of L.A. And we're taking you there live.
The NEWSROOM starts right now.
Good morning, everyone. I'm Don Lemon in for Carol Costello. We're glad it's Friday because I know you were up late watching the debate. It all needed -- all it needed was a ring announcer, right? The primetime slugfest known as the vice presidential debate, well, it lives up or down to expectations.
In this corner, Joe Biden, the experienced brawler, squaring off with the challenger, up and comer, Paul Ryan. Both men trying to win on points. Both men doling out punishment.
I want you to listen to this.
(BEGIN VIDEO CLIP)
RYAN: You can cut tax rates by 20 percent and still preserve these important preferences for middle class taxpayers.
BIDEN: Not mathematically possible.
RYAN: It is mathematically possible. It's been done before. It's just a slice of what we're proposing.
BIDEN: It has never been done before.
RYAN: It's been done a couple of times actually.
BIDEN: It has never been done before --
RYAN: Jack Kennedy lowered tax rates to increase growth. Ronald Reagan --
BIDEN: Now you're Jack Kennedy?
(END VIDEO CLIP)
LEMON: Loved every second of it. So who won? We asked folks who watched the debate who won. And according to the CNN/ORC poll 48 percent said Ryan performed better, 44 percent gave the nod to Joe Biden.
But keep this in mind. That's within the poll's margin of error.
So let's listen to some of the more memorable moments and get some perspective on this. Jessica Yellin is our chief White House correspondent. She's all bundled up there. Ron Brownstein is our political analyst here and editorial director for the "National Journal."
OK, guys. Let's start with substance. You know, there's been a lot of talk about style. I want you to listen how each of the men handled the issue of Libya, something that's in the news right now, and that deadly attack on the U.S. consulate. Listen.
(BEGIN VIDEO CLIP)
RYAN: This is becoming more troubling by the day. They first blamed the YouTube video. Now they're trying to blame the Romney-Ryan ticket for making this an issue.
BIDEN: Well, we weren't told they wanted more security. We did not know they wanted more security again. And, by the way, at the time, we were told exactly -- we said exactly what the intelligence community told us, that they knew.
(END VIDEO CLIP)
LEMON: Jessica, this is an issue that the White House and the campaign are going to have to deal with now through November and beyond. And a lot of people were paying attention to what Joe Biden had to say and many people said, you know what? He didn't really score so well there.
JESSICA YELLIN, CNN CHIEF WHITE HOUSE CORRESPONDENT: Well, on that -- on that case, yes, he seemed to put the blame on the intelligence community quite squarely. He did not seem uncertain of himself. So he had a clear answer. They were clearly ready for it. But this is definitely not a strong suit for the White House or the campaign. And it is something of a problem.
But I point no doubt -- but I point out it's more of a problem for the administration as a policy issue and as an issue for the nation than it really is for the political campaign, because what voters are ultimately voting on it's how they are faring in this economy. How this administration's economic issues have impacted their lives.
And when it comes to these kinds of foreign policy debates the larger question of whether the Bush -- sorry, the Obama foreign policy is, quote, "unraveling," as Ryan said, really goes to people's perceptions of the president's leadership and his strength as a leader. That matters much less right now than these economic concerns -- Don.
LEMON: Well, Biden came in, knowing he needed to be aggressive, to make up for the president's lackluster performance last week. So with an icy smile on his face, I want you to listen to how he responded to Ryan's criticism of the Obama stimulus program.
(BEGIN VIDEO CLIP)
BIDEN: And I love my friend here. I -- I'm not allowed to show letters. But go on our Web site. He sent me two letters saying, by the way, can you send me some stimulus money for companies here in the state of Wisconsin? We sent millions of dollars. You know why he said --
RADDATZ: You did ask for stimulus money, is he right?
BIDEN: Sure he did.
RYAN: On two occasions, we -- we advocated for constituents who are applying for grants. That's what we do. We do that for all constituents.
BIDEN: I love that. I love that. This is such a bad program and he writes me a letter saying, writes to the Department of Energy a letter saying, the reason we need this stimulus, it will create growth and jobs. His words. And now he's sitting here, looking at me?
(END VIDEO CLIP) LEMON: All right. So, Ron, this question is for you. Was Biden too aggressive last night? Was he playing the attack dog role that his campaign needed? And this was one particular answer where Paul Ryan actually did not score so well as well.
RON BROWNSTEIN, CNN SENIOR POLITICAL ANALYST: Well, first of all, I thought -- I thought it was a terrifically entertaining and informative evening, which proves the point that debates work better when everybody involved, including both participants and the moderator all actually show up. So I think it was -- it was, in that sense, a big step forward from last week.
Look, I thought that Biden actually hit a pretty good balance. I thought they both delivered strong performances but on balance I think Joe Biden delivered more of what his side needed. Democrats needed to see the case that they have been so laboriously building against the Republicans ticket since the spring.
They wanted to hear that made against last night after the president, you know, inexplicably raised almost none of it during his debate. And if you listen during those 90 minutes Biden shoe horned in almost every Democratic critique of the Republican ticket on issues from Medicare, the taxes, to even going back to Paul Ryan's advocacy of partial privatization and Social Security under George W. Bush, the 47 percent, on and on.
Now the style questions about whether Biden was a little too outraged and kind of -- you know, kind of the opinionated uncle at the Thanksgiving table, that's another issue. But I think from the point of view of what the -- what the campaign needed, I think Biden by and large delivered it, and stayed on message and on point.
LEMON: OK. So, listen, Ron, I watched last night at my local Watering Hole restaurant, Watering Hole, walked home, watched the rest of the debate. And by the time I got home, people in the bar were cheering Joe Biden and they liked his facial expressions. They liked it because they said that he was being a regular guy.
BROWNSTEIN: Right.
LEMON: And then the post-analysis, hearing people say, you know what? Paul Ryan clearly won this debate. It was a disconnect from what I actually witnessed real time people watching than what the pundits were saying.
BROWNSTEIN: Yes.
LEMON: And people going, what is CNN talking about? Joe Biden was on his game. And even if you didn't like him he's trending on Twitter in a good way, he's trending in a bad way, he clearly was the -- in command of the stage last night.
BROWNSTEIN: Well, I think -- look, I don't think -- I think both of them performed well. I mean, you know, Paul Ryan, I think, was much more confident and assured than he was in his speech, his acceptance speech in August. I think he handled himself very well. But as I said I think Biden delivered more of what his side needed. You know, look at the polling. CNN poll had Ryan winning, the CBS poll had Biden winning.
LEMON: Right.
BROWNSTEIN: I don't think it was really kind of judged that way. They were each effective. Biden was effective when he got back to framing this as a choice of who is on your side. Ryan, as you saw in the answer on Libya, was effective when he could get back to -- kind of arguing about what the past -- whether the past four years justify another four years.
And those are each strong arguments for those remaining undecided voters, which is why I think the debate, above all, shows us why we may be headed for the third photo finish presidential election out of the last four.
LEMON: And, Jessica, if you -- if you listen to the reaction, it appears from Joe Biden's performance, I think it's --
YELLIN: Yes.
LEMON: I think people are saying, you know, Joe Biden, after that phone call with President Obama, his first words were, you're welcome. Is he -- how is the administration dealing with this?
(LAUGHTER)
Do they see it the same way?
YELLIN: I think he went -- he went into this happy to be able to defend the honor of the White House and this administration and will probably come out of it feeling he did that. And the administration and the campaign were thrilled with the performance last night for the very reasons Ron outlined. Especially because Biden forcefully made the case that the Democratic base wanted to hear about the president's economic message.
Essentially, you know, many Democrats were so disappointed after the president's performance last week. Somebody needed to come out and reenergize them. And so that's what the vice president was able to do last night. The perception of campaign and the party. And so now it's up to the president to see if he can pick it up from there next week -- Don.
LEMON: And whatever you --
(CROSSTALK)
BROWNSTEIN: Don, real -- real quick.
LEMON: Yes, quickly.
BROWNSTEIN: Still the hole in the donut, like Obama last week, as strong as Biden was, really almost nothing about what a second term, second Obama term would bring, particularly on the economy. That is still the big missing piece in their argument. Tough on the Republican choice, tough on defending their first term. But what will he deliver if voters give him another four years? Not much on that from Joe Biden last night.
LEMON: As we know, television plays a big role. Let's not forget. This was not held in a stadium, this was held in a smaller venue for people to watch on television. And it was great television. Whatever you thought about their performance.
BROWNSTEIN: It was.
LEMON: Thank you. Appreciate it, guys.
BROWNSTEIN: Thank you.
LEMON: Joe Biden, Paul Ryan also took turns pitching Medicare proposals while trying to scare voters about their opponent's plans.
Tom Foreman here at CNN goes beyond the scare tactics and he explains what the two sides are offering.
TOM FOREMAN, CNN CORRESPONDENT: Hey, Don, there's just no issue out there right now that is a bigger deal for people who are over the age of 65 than the future of Medicare. Medicare is the government health program for those people, about 50 million Americans rely on it. And right now its long-term financial health is very shaky. The scary part, though, is that each campaign says the other side's plans for dealing with that are terrible.
(BEGIN VIDEO CLIP)
RYAN: Obamacare takes $716 billion from Medicare to spend on Obamacare.
BIDEN: All you seniors out there, have you been denied choices? Have you lost Medicare advantage?
RYAN: They haven't put a credible solution on the table.
BIDEN: Their ideas are old and their ideas are bad and they eliminate the guarantee of Medicare.
(END VIDEO CLIP)
FOREMAN: This is their essential claim that my opponent will destroy Medicare. But is that really true? Let's take a look at some of the facts and consider it. I'll bring in some tools here. And look at the White House plan, to begin with. This is the landscape they're dealing with.
The cost of Medicare is going to generally increase over the next 10 years until it reaches about $1 trillion annually. They want to reduce that by about 10 percent. That's the orange part here, that's the part they're cutting out. Now their opponents look at that and say that's real care for real people that you're getting rid of and you just can't do that. But the White House says, hold on. No, it's not. That's a reduction in the amount of money that we're paying to the administrative costs of hospitals and to insurance programs. In a word, they say, that is waste. We can get rid of it and we should get rid of. That's the White House take on things.
Now if you bring in the Romney-Ryan plan, you'll see the landscape is just the same. They have the same increase. They also want to reduce it by about 10 percent, but they want to rely on the private sector, not government, to get that done. In a word, they're going for vouchers. Now they don't like calling it vouchers but that's really what it is.
Right now if you're on Medicare what happens is that the government pays Medicare. Medicare pays the hospital. The hospital takes care of you. Under this plan, the government would pay you and you would decide if you wanted to buy into Medicare or into private insurance that will create competition between the two and their theory, and that is how you get at that very same waste that the White House wants to get out.
These are two very complicated, huge programs. There are critics on both sides who say this plan won't work or that plan won't work or this plan will leave people stranded or that plan will leave people stranded. But the truth is, it is complicated. It's hard to deal with all of that. So if we go to this basic claim that both sides have raised here, that somehow this is all about destroying Medicare, that is simply false.
That is a scare tactic no matter which side is saying it. So why are they saying it so much? All you have to do is look at the map and you know, across the country, the baby boomers are getting older. They're becoming a bigger percentage of the voting population fast. All those dark states is where the percentage is highest.
And look at Florida down here. Battleground state, more than 17 percent of the population there is over the age of 65. These are engaged voters. They are voters who show up when it's time to vote. And they're very concerned about Medicare. Even though both sides say neither plan is going to affect people over the age of 65 right now. They're engaged on this issue and whichever side wins the Medicare debate will probably win a lot of senior votes.
LEMON: All right. Tom Foreman. Thank you very much.
We're going to have more coverage of the debate throughout this hour. At 9:30 Eastern, review from the Obama camp. Are they nursing some bruises from exchanges like this one?
(BEGIN VIDEO CLIP)
RYAN: I think the vice president very well knows that sometimes the words don't come out of your mouth the right way.
(LAUGHTER)
BIDEN: Nobody is --
RYAN: Mr. Vice President, I know --
(CROSSTALK)
RYAN: I know you're under a lot of duress to make up lost ground.
(LAUGHTER)
But I think people would be better served if we don't keep interrupting each other.
(END VIDEO CLIP)
LEMON: Great television. And it's your chance to see it all for yourself. We're going to replay the entire debate noon Eastern right here on CNN.
(COMMERCIAL BREAK)
LEMON: We're going to check top stories right now on CNN.
The Pakistani school girl activist who survived an assassination attempt by the Taliban is getting support from many around the country. Scores of Pakistanis are rallying in her honor. Many also said prayers. The girl is currently on a ventilator and remains unconscious after being shot in the neck on Tuesday.
Some uproar at the announcement of this year's Nobel Peace Prize winner. This time it didn't go to just one person but rather a group -- 27 nations of the European Union. That's where it went to. The Nobel Committee cited the E.U. for its peaceful reconciliation after World War II and spreading democracy.
And space shuttle Endeavour is on the move in Los Angeles at two miles an hour. Man. Flying through L.A., right?
The 170,000-pound shuttle is on the first leg of its 12-mile journey to the California Science Center. The trip is expected to wrap up tomorrow. We'll be taking you there live a little later on this hour.
All right. Let's go back to politics now. Both sides are claiming victory after last night's vice presidential debate. But with all the comments about smirks, smiles, snarky remarks, you know what? There was actually some substance, like this exchange on abortion.
(BEGIN VIDEO CLIP)
RYAN: With respect to abortion, the Democratic Party used to say they want it to be safe, legal and rare. Now they support it without restriction and with taxpayer funding -- taxpayer funding in Obamacare, taxpayer funding in foreign aid.
The president himself went to China and said he sympathized or wouldn't second guess that their one-child policy of forced abortions and sterilizations. That, to me, is pretty extreme.
BIDEN: With regard to -- with regard to abortion, I accept my church's position on abortion as a -- what we call de fide doctrine. Life begins conception, and that the church's judgment, I accept it in my personal life.
But I refuse to impose it on equally devout Christians, and Muslims and Jews and just refuse to impose that on others, unlike my friend here, the congressman.
(END VIDEO CLIP)
LEMON: CNN contributor Hilary Rosen is in Washington. CNN contributor Erick Erickson is in Macon, Georgia.
Good morning to both of you. Did you get any sleep?
ERICK ERICKSON, CNN CONTRIBUTOR: Good morning.
HILARY ROSEN, CNN CONTRIBUTOR: Oh, yes.
LEMON: I got none. I was up watching.
ROSEN: I slept very well. Very satisfied.
LEMON: Hilary, listen, I think most people did. I know I did. I really leaned in to listen when the two men talked about religion and abortion. I think most people probably did.
ROSEN: Yes. You raise a really good point because there hasn't been much talk of some of the social issues over the last couple of weeks. When you look at what's happening in the battleground states, the Romney/Ryan ticket, which is pretty far extreme on a number of these issues, women's reproductive health, access to contraception, discrimination on things like definitions of rape, you know, they -- women really are responding to that. And it's a big reason why the Obama/Biden ticket is so far ahead in so many battleground states with women.
And I thought that last night's debate, you know, you had a clip -- it's kind of the untalked about thing this morning -- raised a bunch of issues for the campaigns to be talking about over the next couple of weeks. Yes, the economy is important, but when women have to worry about their health care and the economy, that's just an extra burden. And I think it came out well last night.
LEMON: I think people were paying particularly close attention, Erick, because of Mitt Romney's comments to the "Des Moines Register", and there are other reasons. It's a very timely issue, Erick. Even though it was about the economy, this was supposed to be about foreign policy, this abortion issue really hit the radar last night.
ERICKSON: You know, I think it did. But to Hilary's point, I'm sorry, had Hilary, but you're just wrong on this. In the Gallup poll, the Pew poll, Mason Dixon poll, you name it, they show that the majority of women in this country, they are pro-life. They consider themselves for pro-life, with the exceptions Paul Ryan named.
And he is absolutely right. The Democratic Party went from keep it safe, legal and rare to any time, any way, with taxpayer funds and Joe Biden did tell China he wasn't going to judge them and was sympathetic with their one-child policy.
You know, we could have this debate all day. I have to tell you, I would say that Joe Biden's serious demeanor at the end, his tone of voice, had he done that throughout the debate, I don't think there would have been a question that he probably won the debate if he had done that.
LEMON: Yes.
ERICKSON: But -- I mean, I realize what the Democratic Party's mascot is, but Joe Biden had to portray that last night to rally his base the entire way. Didn't do a good job --
LEMON: We're going to get style -- we'll talk style in just a minute here. If you could, keep it brief. I have a lot of things I want to talk to you about.
Let's talk about the candidates trying to connect with personal experience. They tried to connect with voters through their policies. I want you to listen what each of them had to say.
(BEGIN VIDEO CLIPS)
BIDEN: I understand what it's like when I was a little younger than the congressman, my wife was in an accident, killed my daughter and my wife, and my two sons survived. I have sat in the homes of many people that have gone through what I've been through, because one thing you can give people solace is to know if they know you've been through it, that they can make it.
RYAN: Medicare and Social Security going bankrupt. These are indisputable facts.
Look, when I look at these programs, we've all had tragedies in our lives. I think about what they've done for my own family. My mom and I had my grandmother move in with us, who was facing Alzheimer's. Medicare was there for her, just like it's there for my mom right now, who is a Florida senior.
After my dad died my mom and I got Social Security survivor benefits, helped me pay for college and help her go back to college in her 50s where she started a small business because of the new skills she got.
(END VIDEO CLIPS)
LEMON: OK. So, Erick, did this help either of the candidates when it comes to Medicare reform, these personal stories?
ERICKSON: You know, I thought Paul Ryan was really able to reassure people. It's hard to demonize a guy when he's saying how much it benefited him. I wish we had played the larger clip of Joe Biden on his family, because it came right after Paul Ryan made the crack about Joe Biden's gaffes and it really completely shifted away what could have been a bad moment for Joe Biden into a real touchy moment. I think people forget about Joe Biden -- a compelling, tragic story that makes people connect to Joe Biden.
LEMON: Hilary?
ROSEN: I think there's no question that both of these are nice guys. Ryan, I think, is sort of compelling and eager and, you know, quite earnest. So, I liked both of their stories.
You know, the thing that is quite frustrating for me is the untold story about Medicare is not whether he purposely wants to destroy it. It's that they're using it as a way to cut the federal budget, which Erick is going to say is the right thing. But he's not telling people the truth, which is we're going to cap how much money we're going to give you. If you can gout there in the private sector and find insurance that only costs that much money, you'll be fine. We will not have cut Medicare at all.
And -- whereas, you know, the president and Joe Biden are saying, we're going to guarantee you this benefit and we're going to put the penalties and pressure on the providers to make sure that these programs are affordable and don't rip off the government.
ERICKSON: And bankrupt the government to do it.
ROSEN: And don't rip off the government. So it's too very different approaches. One is kind of trust me and the other is you don't have to trust me. I'm there for you.
LEMON: You guys sound like the folks who were on the stage last night. I'm glad we got to talk substantive issues. We can talk more about style. I wish we had more time.
But you know what? The late-night talk shows, "Daily Show", "Colbert Report," they're going to have their way with it. So, thank you, guys. Talk to you soon.
ROSEN: OK. Take care.
ERICKSON: Thank you.
LEMON: If you missed the vice presidential debate, you can see it again today at noon Eastern in its entirety here on CNN.
JP Morgan Chase bounces back in a big way. Bank posts record quarterly profits after a titanic trading loss in May. We're going to talk about what fueled its all-time high.
(COMMERCIAL BREAK)
LEMON: Welcome back, everyone, to CNN NEWSROOM. I'm Don Lemon. Vice President Joe Biden and his challenger, Congressman Paul Ryan going back on the campaign trail following last night's debate. And a snap CNN/ORC poll showed voters who watched the debate felt Ryan won, 48-44. The difference falls within the margin of error of five percentage points.
And what was billed a "Thrill in the 'Ville", it certainly did not disappoint. Sparks flew between Vice President Joe Biden and Congressman Paul Ryan. So, I want you to listen to this right here.
(BEGIN VIDEO CLIPS)
RYAN: Our analysts are less willing --
BIDEN: With all due respect, that's a bunch of malarkey.
MARTHA RADDATZ, MODERATOR: Why is that so?
BIDEN: Not a thing he said is accurate.
This is a bunch of stuff. Look, here is the deal.
RADDATZ: What does that mean, a bunch of stuff?
BIDEN: It's simply inaccurate.
RYAN: It's Irish.
BIDEN: It is. We Irish call it malarkey.
RYAN: I think the vice president very well knows that sometimes the words don't come out of your mouth the right way.
(LAUGHTER)
BIDEN: But I always say what I mean. And so does Romney.
More people signed up for Medicare advantage after the change. Nobody is --
RYAN: Mr. Vice President, I know --
BIDEN: No, this is the time.
RYAN: Mr. Vice president, I know you're under a lot of duress to make up lost ground -- but I think people would be better served if we don't keep interrupting each other.
BIDEN: Don't take all the four minutes then.
RYAN: It's been done before. It's precisely what we're proposing.
BIDEN: It has never been done before.
RYAN: It has been done a couple of times. Jack Kennedy lowered tax rates and increased growth. Ronald Reagan -- Ronald Reagan -- BIDEN: Now you're Jack Kennedy?
That's why these crippling sanctions with Bibi Netanyahu says we should continue -- which if I'm not mistaken Governor Romney says we should continue. I may be mistaken. He changes his mind so often, I could be wrong.
(END VIDEO CLIPS)
LEMON: President Obama has said he thought he was too polite in his debate with Mitt Romney. Joe Biden definitely did not play the polite card.
Biden offered up an aggressive attack on his challenger and Ryan delivered a spirit defense of conservative strategies proposed by the Romney campaign.
I want to show you how several newspapers and Web sites are describing the debate this morning. "It was rapid fire." "It was lively." "Simply put, it was hard to turn away from." I agree with that.
Maryland Governor Martin O'Malley joins me now.
Good morning, Mr. O'Malley. How are you doing?
GOV. MARTIN O'MALLEY, (D) MARYLAND: I'm doing well, Don.
And I thought it was a great debate last night. I think the vice president went out there and did what he needed to do and I think a lot of people are energized to see him on such an aggressive and needed calling out of the falsehoods and shell games that these other guys are proposing.
LEMON: I know you have some pull. Can you talk to some folks and say one more, at least, vice presidential debate, please? That was the most interesting television I think I have seen in a very, very long time. Regardless of what you think about, you know, what was actually said. It was great to watch.
O'MALLEY: You know, I enjoyed it. I think the moderator also did a very good job. I mean, she allowed them to get into it. She allowed them to draw the contrast between the failed policies that Paul Ryan is pushing on us once again. And the real record of progress that the Obama/Biden administration has accomplished.
You know, sometimes, Don, when you and I are focused on this race as we have been for many months sometimes we lose sight of the fact that for most moms and dads, they're only focusing their attention really intently on this now.
LEMON: Agreed.
O'MALLEY: So, I think what we gloss over, the vice president's rendition of the progress we are making, 31 months in a row of positive private sector job growth, home foreclosures being driven to lower levels than before. LEMON: Governor?
O'MALLEY: Yes, sir.
LEMON: Let's stick to the debate.
O'MALLEY: Sure.
LEMON: Obviously you think that Joe Biden won last night.
O'MALLEY: I do.
LEMON: But do you think that this debate matters? Does it change the momentum back to favor the Obama camp, especially considering the president's performance last week?
O'MALLEY: I think it does matter. I think it matters in two respects.
One, I think it does energize all of those people who were inclined to vote for President Obama, many of whom who were volunteering on the campaign. I think it energized them to see that spirited advocacy at the table that Joe Biden gave to us.
The other thing that matters is that tiny sliver of people who are, as of yet, undecided or maybe undecided about whether they vote. What you saw from Joe Biden was a very passionate, very passionate advocacy for the plight of that middle class.
LEMON: Do you think that passion though and the facial expressions, just Joe being Joe, as some say, you don't think that turned off some people in the middle? That's what some polls show. Others show, some --
(CROSSTALK)
O'MALLEY: Yes, the polls I've seen is that the people in the middle were the ones that overwhelmingly gave the debate to Vice President Biden. And, frankly, Don, you know what? Some of the things they're proposing are laughable.
LEMON: OK.
O'MALLEY: We should laugh at some of these things.
LEMON: Listen, I want you to listen to the Romney camp. Here is what Dan Senor had to say.
(BEGIN VIDEO CLIP)
DAN SENOR, ROMNEY FOREIGN POLICY ADVISER: The contrast was striking -- on substance, where Congressman Ryan laid out a plan that he and Governor Romney want to pursue for the next four years. He laid out what has happened over the last four years. The president and now the vice president tonight couldn't articulate what happened, no real explanation for what happened over the last four years. (END VIDEO CLIP)
LEMON: In continuing in the vein of what you're saying, do you think the Obama camp are low on specifics?
O'MALLEY: No, I don't. I was shocked at how few specifics Paul Ryan had. These guys, in the height of hubris audacity, maybe in contempt of the intelligence of the voters, they are 28 days out and haven't put forward their plan with any specifics. Paul Ryan as always billed as this wonky guy who can really sweat the details. I thought he looked rather shallow and without any specifics last night.
The vice president, on the other hand, was able to talk to a level of detail on the Recovery and Reinvestment Act and he even had better details on Paul Ryan's budget than Paul Ryan had on Paul Ryan's budget.
LEMON: Talking about experience, he definitely played up his experience, talking, quote, Bibi Netanyahu was his friend, worked with president Reagan. Did that make him seem condescending to a younger, less experienced person?
O'MALLEY: I don't. Perhaps I'm a little bit -- I've worked with the vice president, along with all of the other governors as we implemented the Recovery and Reinvestment Act. He was on the phone with us. He actually understands how these programs work. He asks intelligent questions. He has actually run big endeavors and he's been on the international stage and arena dealing with those nuances. And I think that lack of experience on Paul Ryan's part really showed through last night.
No, I don't think it was con descending at all. Superior knowledge to the opponent on the stage last night.
LEMON: Martin O'Malley, appreciate you coming on.
O'MALLEY: Thank you, Don.
LEMON: Thank you.
After a titanic trading loss in May, JP Morgan Chase bounces back in a big way. We're going to talk about what fueled its all-time high.
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LEMON: Big news could give the market a jolt this morning. JPMorgan Chase has just announced record earnings.
Alison Kosik at the New York Stock Exchange.
Hello, Alison.
The company CEO has a view on the economy that sounds good for all of us.
ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Yes, CEO Jamie Dimon said in the conference call that JPMorgan's third-quarter earnings did really well essentially. You know, they blew away expectations. But not only that, Dimon waxing poetic, Don, on the housing market saying he believes it's turned a corner.
So, what the bank said it made is $5.7 billion over the past three months, revenue is up too. And guess what? It's recovery in the housing market recovery that has a lot to do with these big numbers. Now, Dimon says credit trends continue to modestly improve, and the bank is seeing a surge in people taking out mortgages and refinancing.
But you know what? Reality is, we're not back to normal. Even Dimon acknowledges this, saying he's still seeing a lot of people having a hard time making mortgage payments.
But he says, you know what? It's like the worst appears to be over. So, yes, it's good news for the banks, like JPMorgan Chase, which is rolling in the dough but also good news for the rest of us as well -- Don.
LEMON: Not so long, weren't we just talking about a huge multi- billion dollar trading loss at JPMorgan? Is the bank saying anything about that today? Or are they simply ignoring it?
KOSIK: Well, that's a good point. Yes, we were talking about it a lot. You know, Dimon is clearly trying to sort of focus people's attention on its record earnings. In a conference call today, in fact, Dimon called that $5.4 trillion trading loss a side show, kind of like small potatoes.
But you know what? They're still dealing with it. Traders are in risk reduction mode. The bank had to fire some people. Shares took a big hit as well but have since recovered. There's still one more monster under the bed for JPMorgan Chase. They still have to deal with more litigation -- Don.
LEMON: Alison Kosik, thank you very much.
Just ahead here on CNN, demonstrations today across Pakistan showing support for the school girl activist shot by the Taliban. We'll update you on her condition and the hunt for her would-be killers.
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LEMON: Vigils are happening across Pakistan today for the 14-year-old activist who the Taliban tried to assassinate. Malala Yousufzai is still fighting for her life. She's been transferred to a hospital near Islamabad. She is sedated and on a ventilator.
Meantime, about 200 people have been arrested in suspicion of colluding in the attack but only 35 remain in custody. And the Taliban, citing its own interpretation of Islamic law, has vowed to kill her if she survives.
CNN's Reza Sayah is in Islamabad for us now. Reza, it sounds Pakistani authorities unleashed a dragnet. What could come of these arrests? REZA SAYAH, CNN INTERNATIONAL CORRESPONDENT: Well, obviously, Don, they are under tremendous pressure to make something happen in this investigation and to find the culprits. They know it's not just Pakistan, the entire world is watching.
But what we're hearing and seeing is a lot of conflicting of accounts of government officials. The interior minister is telling us that authorities have identified two gunmen and they will be arrested soon. The foreign minister is saying 100 people were detained for questioning and then you have a regional police chief who today told us that 200 people were detained for questioning but 35 are still in custody and three of those individuals have identified a man with suspected links to the Taliban. They're telling police apparently that he was the mastermind. But this police chief is making it clear there is no hard evidence.
LEMON: Can we stop this here, please? Reza, we're having a problem with Reza's satellite signal. Reza, we'll try to get back to you. It's a very important story and our viewers need to know about it.
Let's clear this up and then we'll get back to Reza Sayah.
Let's move on and talk about other news. Space shuttle's final journey. People in Los Angeles turning out to catch a glimpse. We're going to take you there live, next.
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LEMON: It is literally and figuratively an historic Endeavour. Get it? Space shuttle on its final journey. A 12 mile trip from Los Angeles International Airport to its final resting spot, the California Science Center. And it's been traveling at the breakneck speed of 2 miles an hour. And witness to all of this, John Zarrella in Los Angeles, live.
Is that the -- look how cool that is. Right behind you. You're on the route -- not only on the route. I was going to say, where is the shuttle now? There it is.
JOHN ZARRELLA, CNN CORRESPONDENT: Hey, Don. You know, it's funny. I've seen Endeavour and all the other vehicles, the shuttles, take off. I've seen them land. I've been inside Endeavour. But you could never have told me in a million years that I'd be standing on the streets of Los Angeles with the shuttle sitting in a parking lot behind me, and that's what it's doing right now and will be for the next nine hours.
It actually left the Los Angeles International Airport about three hours ago. It's only gone about a mile and a half to get here, two miles. And literally what they did is they had time to kill, is the way they're putting it, because they don't want to be trying to move it during rush hour in Los Angeles and they wanted to get it out of the airport before rush hour. So they're sitting it here for nine hours. They're going to move some lights and some overhanging power lines and they're going to be reconfiguring the transport that's underneath it there, the transporter, widening it out a little bit so that Endeavour can actually kind of climb curbs, go over medians and everything else as they continue this endeavor to get to the California Science Center.
Forty-six hours over the course of two days. Tomorrow will really be the big day. They've got ceremonies planned all along the route, one at a mall, one at the old forum. And, you know, to me, Don, one of the most interesting things about this particular vehicle, we all know it would never have been built had not it been for the Challenger accident. And in the Challenger accident, of course, the astronaut Christa McAuliffe was going to be the first teacher in space, who perished in that, but Barbara Morgan, who was her backup, actually flew in space and the vehicle she flew on, Endeavour. So kind of closed the circle, finally.
To me, I think that was one of the great -- and to see it go to a place of learning, the California Science Center, is perfect for this vehicle and all of the others. Don?
LEMON: We're looking down at the pictures of it flying over the Hollywood sign. Can we get that high shot where John is standing? How cool -- I just can't get enough of this and you're standing right here in front of this thing. These pictures are great. Television, all about pictures, right? This is live, happening in Los Angeles and John Zarrella is there.
So, John, are people excited? Because there was a bit of controversy about the trees. What's the reception like for this thing?
ZARRELLA: Yeah, yeah. Oh, it's been spectacular. Again, police have told them, listen. Tomorrow is the big day to celebrate. Stay out of the way and let them do their thing with it, but all along the route, even as early as 1:00 in the morning Pacific Time here, people were lined up waiting for it to go by the airport, along the roadway.
And, yes, there were issues of cutting down the trees, some 250 trees had to be cut down, but the Science Center said, look, we're going to replant two for every one that we had to cut down. And I talked to the head of the Science Center just a little while ago and he was telling me, don't forget, there are places along this route, particularly tomorrow, where the clearances are literally a couple of inches on either side of the 78-foot wingspan, so it's going to be touchy and they're going to be going very, very slow, slower than that 2 miles an hour when they hit those spots. Don?
LEMON: People get upset when you take more than one parking space, but I think Endeavour deserves it. It's taking up 25 parking spaces in that lot. Thank you very much, John Zarrella. We appreciate it.
ZARRELLA: Sure.
LEMON: They've been together half a century and they're still ready to rock. The rolling stones out with a new song, Their first in seven years.
(COMMERCIAL BREAK) LEMON: Fifty years -- after 50 years, they've still got it. The Rolling Stones coming out with two new songs, their first in seven years.
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Their single, "Doom and Gloom," already out on iTunes Top 100 downloads. Our resident Stones expert is Nischelle Turner and she's with us this morning from Los Angeles. How cool is this?
NISCHELLE TURNER, HLN CORRESPONDENT: Very cool, Don, and yeah, my life's mantra is if you start me up I'll never stop.
LEMON: Uh-oh, all right.
TURNER: So that's why I am -- that's dangerous. But, you know what, at this stage, isn't it just about everybody? This younger audience for the Stones, they're trying to go after this younger audience? I'm not saying that they're old, but just that they've been doing rock 'n' roll for a really long time.
Now, the new songs are being released as part of, like you said, a 50th anniversary compilation. So if you can't get a younger audience after playing for 50 years, where do you go from there, right? So this song, though, their new song, is classic Stones and that's always meant across the board broad appeal. And like you said, it's already a hit.
Now, you know they're talking about playing a few shows. We've already heard about a concert in London, a concert in Brooklyn and the band says they will add a few more shows to that list soon. And, Don, I am hoping and praying that Los Angeles is on that list.
LEMON: Los Angeles. Everyone wants to go to the Barclays Center in Brooklyn. It's all the rage. It's going to be a great concert. Thank you, Nischelle. Appreciate it.
TURNER: Sure.
LEMON: Talk about must-see TV. Congressman Paul Ryan said he expected Vice President Joe Biden to, quote, "come at him like a cannonball." Well, Biden delivered. We're going to have more of the greatest hits from debate for you in the next hour of the CNN NEWSROOM.
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