new this morning, five people hospitalized in a fast-move are fire in east oakland. we will show you the pictures, coming up. >> an officer-involved shooting in oakland leaves one woman dead. good morning. i will explain the twist involving san le abdomen row police in a live report. getting yore financial life together in 2011. we have tricks to save you big money in the new year.

good morning, everybody. thanks for joining us. scott is off this morning. time is 4:30. i wanted to get started with christina and you said the cold was coming in. it is really cold. >> yeah. a cold blast and we haven't even dropped to the low temperatures yet. the coldest time of the day is around sunrise just around 7:20. it's going to get colder before all is said and done. we have temperatures in the 30s. good morning, east bay. a cold blast with spotty clouds and air mass that settled into the area and it will hang around. we have thists on the map. 34 degrees in sunnyvale. pretty much the entire east bay. concord, fairfield and livermore, give yourself extra time.

we will let you know what's coming up for new year's. we have developing news out of oakland and we have develop thes that there three people in the hospital and others jumping out of a second story window to escape an overnight apartment fire. christie? >> i just spoke with the battalion chief for the oakland fire department and she said this fire was moving really fast. it's just up the block from where where we are standing. two women were outside. they had leg injuries from jumping for a second story unit. they got word that other people may be trapped inside in a front apartment in the front unit when they were able to get inside. two adults and a female child. all they are telling me in a very critical condition. this is a four-unit building in east oakland near international.

this is the time of year people have christmas trees out or crank the heat because it has been so cold. we ask if either of these things might be a factor. at this point firefighters say it's just too soon to tell. they are still trying to piece together exactly what happened. coming up in the next half hour, one woman narrowly escaped all of this. you will hear from her in about 30 minutes. live in east oakland, today in the east bay. >> thanks for that update. we are also on top of another situation in oakland near the border. police are investigating a did thely officer-involved shooting. the s may lead to tough questions about what officers were thinking. marla tellez has more on that situation. >> we are live in oakland at the corner of bancroft and duran on

the border of oakland and san leandro that is causing a bit of a twist. i will step out of the way so you can see what's going on. there is not a lot to see. it is taped off at the corner of bancroft and durant. they are working this case. i believe my photographer is zooming in. moments ago, a to truck hauled away a jaguar that crashed into the side of the light pole and that sedan. i can tell you that one woman is dead as a result of this officer-involved shooting. we heard one man is also hurt, but that is not confirmed at this point. this all started with a san leandro police chase that crossed the border into oakland. we are told it was san leandro

police who fired shots, but because it's in oakland, police are now on this case. this happened close to 10:30 and about 10:25 last night and the video is showing that jaguar with evidence markers surrounding it. again, one woman dead in this officer-involved shooting involving san leandro police that ended up here in oakland. we are working to get new details and hope to have that for you in the next live report. marla tellez, today in the bay. >> i will be checking in there. the search is on for the man who shot a man to death. the 28-year-old man was found with at least one gunshot wound in a multiunit building after 8:00. he was still responsive when police arrived and severely hurt. workers took him to the hospital where he later died. police are intrusion withins and

have not made any arrests and no suspects have been identified. a big push to save a school. the leader and city workers are stepping up efforts to try to save lake elementary. they are talking about possible funding swaps with construction bond money and community center. parents and teachers are encouraging the city to keep the school open. they chose lake as one of three schools to be open. consolidation plans will lead to a shake-up at vallejo schools in the fall. the spring semester will be the last for hogan high school before it is converted to a middle school in the fall. it's one of several changes. cave elementary will be a language academy and mayor island elementary will be a health and fitness academy. more money trouble for the cash-strapped uc system. executives are threatening to

sue unless retirement benefits are increased for employees earning more than $250,000 a year. they are trying to come up with money to pay for future pennings. their plan reduces for future employees, raising the retirement age. police are trying to get to the bottom of a heist in danville. somebody stole a metal brontosaurus that came from a front lawn between monday night and tuesday evening. the ownerships plan to use emily the brontosaurus to bring in the new year. over the years, they often dress her up and anybody with information is asked to call danville police. thieves are targeting a livermore neighborhood, stealing cat lickic converters. there have been 13 reports of

car parts being taken out of the springtown neighborhood area. they are valuable because of the precious metals used to make them. they are part of the emissions control system the catalytic converters can be up to $1,000 apiece to replace. a fremont woman is going to be back in court monday for a bail hearing. she was arrested at her home on tuesday accused of getting nonpublic information including financial earnings from companies and selling that information to portfolio managers and hedge funds. they reportedly paid her more than $200,000 between 2006 and 2008. if convicted she faces up to 25 years in federal prison. drunk driver who is get behind the wheel this new year's eve will risk getting caught in an embarrassing situation. the arrest could be caught on video. they will use a small camera

through sunday to catch drunk drivers clipped to the uniforms of five accept dees in field sobriety tests. they may help build their cases so the judges and juries can see the drivers's behavior. bay area trees can cause trouble and expensive damage. trees are shaping and roots are giving out. if they topple over, they can rush cars and homes. the damage can be prevented if you know what to look for. >> what might be an indication is mushrooms growing at the base of the tree. that's an indication that there is decay in the trunk or the roots. experts say if you have not looked at the trees lately, now is a good time. signs of trouble are mushrooms, noises like squeaking limbs and a tree that is too full. too many branches. if you don't prune it every three to five years, you may be

asking for trouble. if you catch the warning signs, an arborist can help prevent disaster. winds really kicked up yesterday around the bay area. >> for did. we had the old air in place. it was really, really cold. a wind chill factor. this morning we have calm winds and a couple of year areas are seeing gusty winds in the passes and higher elevations that. should start to subside. a cold air mass is settling in, bringing the temperatures into the 30s this morning. right now we are waking up with the 30s in the east bay in many locations. livermore, you are right at freezing. 35 degrees in concord and 34 up in fairfield. you top the go ahead and bring in the sensitive plants and the pets if they are not already inside. you want to give yourself about 15 minutes to get the frost off your windshield. here's what to expect.

by about 9:00 a.m., most temperatures will be up into the 40s and by noon starting to warm up. highs in the mid- to upper 40s. it will not be that warm and you will need a jacket. we won't have as much of a factor. 45 degrees and mid 40s as you make your way home for the evening commute. here is the extended outlook. more cold into friday. a storm passes through saturday into sunday. back to you. thanks a lot. 4:41 and coming up, raiders coaching and who will lead the team next season. why they have less time to make a decision on what's going to be become of the head coach. you will have a few simple ways to save money and get ow the right financial path in the new year, coming up.

clock is ticking to make a head coaching decision. al davis was able to take his time after the season ended to decide whether or not to keep tom as a head coach, but he will not be able to do that this year.

she ob sgated to tell him and second his offensive coordinator and the stock is rising. he might have to act before other teams show interest in jackson. the raiders showed 379 points and that's the seventh most by a raise e raider team in franchise history. 4:45 and we want to check in with christina taking a peek at the forecast. break out the ski jacket today. >> yeah, break it out. we have really cold air. the coldest air of the season so far settled into the bay area. we have wind. we are concerned with wind as well. if you are headed over to the bay bridge, give yourself extra time and watch for gusty winds. the only place where you are seeing the gusty winds in the area of the bay bridge. they actually add to the factor of frost. you will see a lot of frost and

a cold air mass as settled in and temperatures are at freezing. only warming up into the 40s. 49 degrees is the forecast and even colder as we wake up on new year's eve and new year's day expect a few showers. looks lighter than the system that passed through and it will be a washout for new year's day. the extended forecast and the rest of the weather is coming up. new this morning, you might be able to own a piece of group on by the end of the year. this morning the company is looking at issuing stock to the public by the end of next year. groupon is estimated to be worth $1.35 billion. we want to turn to courtney reagan. good morning. >> good morning. futures are a little bit lower as traders continue to square away positions before the ball drops tomorrow night. stocks were able to pair gains and they continue a melt up.

the s&p is up more than 6.6%. the final reports of the year later this morning. manufacturing and pending home sales. the dow rose to 11,585. the nasdaq added four points. americans are shelling out more for decadent at home parties and high end champagne. the national association is seeing brisk sales like fois gras. they fizzled in the recession, but sales are up 7% this year. back to you. thanks a lot. since the markets are closed tomorrow, you will be off. we want to wish you a happy new year. >> thank you. a new study finds most people are able to cope with losing jobs with very few

long-term effects on well being. german researchers used data on 800 people who were one-time unemployed about life satisfaction. people with the highest life satisfaction are more likely to return to the positive mind set despite being negatively affected. they contradict previous studies that suggested people never really return to previous levels of life satisfaction. socks, christmas sweaters and weight loss. you can exchange your unwanted holiday gifts before they arrive. amazon patented a system that can alert you if somebody buys you a gift that doesn't match a present profile you create. you can trade undesirable items for gifts of equal value or pay the difference for something a little more expensive. you can get a gift certificate

in exchange. amazon said it saves shipping costs and make sure people get what they want. today in the east bay's kim has money minded resolution that you can make and keep. >> a new year, a new attitude. financial resolutions are on the rise. >> cut more coupon. >> lose weight and save money. >> this financial planner said a new year is a good time to get back on a budget or start one. >> write it down and review it and stick to it. you start to visualize it and do it. >> get out of the credit trap and on a debt diet and call and request to lower your car's interest rate. >> pay the highest down first and commit to going down to one and paying it off every month. >> it pays to pay yourself first. >> try to put at least 10% of

your gress earnings away. try to pay yourself first and it on an auto invest. what you see, you won't spend. the daily $4 lattes and lunch out. pear it down to once a week. watch it fatten your wallet. >> over 20 or 30 year, it could be a half million dollars. >> you go out and make a living, but do you think about protecting it? don't skip disability and life insurance. >> if you are married with a couple of kids, it will probably cost you a 20-year term, $500 a year. it's really inexpensify for $1 million. new tax laws kick in on saturday and they're trying to figure out the bottom line. today in the east bay's brian moore breaks down what it means for you.

when the ball drops on new year's eve, are your taxes going up? new tax laws tick k nick on january 1st. >> most taxes state same. >> if you are a family making less than $150,000, you will pay the same to uncle sam. the tax cuts will remain in place for rich and poor alike. the more you make, the better the brick. one change guaranteed to put more bucks in your pocket. >> one of the big changes is that congress passed a social security tax holiday. >> technically not a tax cut, but a 2% increase looking for a financial resolution. >> remain cautious about spending and invest carefully. don't throw the hail mary cast. if you have a job, keep it. >> new year, new laws and the same old taxes.

brian moore, nbc news, washington, d.c. laura working on the stories that matter to you. we are watching your wallet this morning. there big changes coming to how much you will pay for everything. it's good news at the start of the year. we will explain. logging on to facebook pretending to be someone you are not can land you in jail. find out how we will see you in a little bit. >> a few more minutes. giving brings good friends and smiles in the holiday season. when it comes to taxes and monetary donations and merchandise gifts comes with rules you should know about. you need a receipt? the clock is ticking. you have 48 hours to make charitable donations to impact your taxes. they must be made to qualified

organizations to be deductible. that's the rule. how do you know if an organization meets your criteria? >> unless you are an accountant, it's hard to see how they are spending their money. the main thing and the good news is there charity watch dogs. experts recommend watch dog organizations including the better business bureau. the american commute of philanthropy. >> they can give you an idea of whether a charity is spending on charitable mission. >> monetary support and political organizations and candidates is not deductible. financial experts stress when making monetary do nagsz, pay by credit card or check instead of cash and receipts are a must. >> it's essential to save proper documentation so save any reaps you received from the charity and if you donated cash make sure that you have a bank or

credit card statement. >> if you are donating electronics, they have to be in working order. clothing and household items must be in good condition or better. checks have to be mail and post marked bite end of the calendar year and credit cards must be swiped in 2010, even if the bill is not paid until next year. nbc news. >> we are about to embark on a milestone and hopes to take the first human life robot. they will be on board the space shuttle discovery when it launches on february 3rd. fingers, thumbs and grips a pen and even write. they plan to use the robot to do jobs that are dangerous for people with certain risky space walks. they are based on technology that comes out of the research center here in mountain view. coming up, we continue to follow our two developing stories in

the east bay including a massive fire that sent a number of people in the hospital. just because the rain is cleared out, doesn't mean the bay area is not feeling the results. what people plan to do with the apartments that are dangling on the edge of the sea. >> i promise you love you every moment forever. >> as 2010 closes, we look at the tope grossing films. which one is nuone. laura is coming up on the back side of the break.

you can do something extraordinary. join your neighbors and the american red cross and help save the day when the next disaster strikes,

when a neighbor's house burns down, if someone needs lifesaving blood or the comfort of a helping hand. hope. support the american red cross and help save the day. visit redcross.org.

>> finally getting financial relief and why it could be a while before the victims of the san bruno disaster will get help. >> we will count down the top flicks of 2010. you can be sure this one is on the list.

thanks for joining us this morning. i'm laura garcia cannon. want to check in with christina loren. you said it was going to be cold yesterday and it was bone chilling. >> even where we are used to the cold. we also have a wind chill factor that we are concerned with this morning as well. most areas winds are starting to calm down with a wind advisory situation over the bay bridges. the bay bridge and the golden gate are shaking up. you can see from the live picture and winds are calming down as we head through the next few hours. talk about what to expect for today. cold air into the area and we only end up in the 40s and frost on the windshield and livermore and concord and places in the