This week will mark 100 days since the Deepwater Horizon exploded, sending millions of barrels of oil a day into the Gulf of Mexico. BP's second quarter earnings are expected tomorrow, and the results will be telling about the oil company's future. What we do know: BP's future will not include Tony Hayward. The embattled chief executive officer agreed to step down yesterday, and will be replaced by Robert Dudley, BP's most senior American executive, who has been in charge of operations in the Gulf. We'll look ahead to the future of BP with Marcus Mabry, associate national editor for The New York Times; and Fernando Pizarro, a Washington correspondent for Univision.
They'll also look at what's ahead in Arizona as S.B. 1070, the controversial immigration law, is scheduled to go into effect on Thursday. With numerous protests and lawsuits, including one from the Justice Department, a judge could issue an injunction within a few days. Also, the U.S. Bureau of Economic Analysis will release the first set of GDP data for the second quarter on Friday. We also consider the major rift between Venezuela and Colombia that began last week.