tv ABC 7 News KOFY July 15, 2010 10:30am-11:00am PST
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a record number of americans could lo their homes to foreclosure. they project one million foreclosures acros the country this year. that w closer to 100,000 per year before e housing market collapsed. terry mcsweeney is life in san francisco. for once, california is doing better than the rest of the nation wh it comes to this. >> the numbe are looking good in california and the bay area but just to underscore the point that the foreclosure problems not gone, a real estate agt tells us the mansion here in pacific heights is facin foreclosure but that is being battled in court. much of the bay area is looking
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good but looks can be deceiving. >> there are far fewer signs like this one. numbers released y the number of foreclosures in the bay area is down 41%. foreclosures are down 51% in alameda coty and 44% in contra costa county. some see it as aign of economic recovery, michael of pacific international believe that banks are holding back a bundle of foreclosed properties so not to go into free fall. >> instead of dumping them all on the market and ruining the economy. but barely see the drift in the market. they have to come out and the is going to be -- >> some of those that received
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modifications goin into defaul again. foreclosures have helped the market in a way. >> i think foreclosures have helped because san francco was way out of control. i think the foreclosures had to rein it in a little bit. >> others would disagree with him pointing out the number of bank owned properties sa a year to year decline suggting lenders may be clearing a backlog of foreclosures. >> can you handle a few more numbers. we're getting the word that cancelled foreclosure sales set an all-time record last month but that is because banks want to give more modification loans. terry mcswney, "abc 7 news." mortgage rates remain at the lowest level in decades but it
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hasn't been ough to jump start the market. the average rate for 30-year loans is 4.5%. that is the lowest since the company begin tracking rates since 1971. senate is preparing for a vote on a sweep wl street reform. it would strengthen consumer protections and form a new process for dealing with financial firms in trouble. work on the bill begi more than a year ago. >> we are done with bailing out people who really had no financial moral compass. >> they have criticized the regulations. the bill could be opponent's desk by next week. >> we're following breaking ns golden state warriors have en sold and the new owner is que a surprise. a group of investors including
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joseph lacob have won the bidding. larry ellison was long to b the favorite b they outbid him. one source says the sale would break the current record price paid for an n.b.a. franchise. >> oakland police need the public's help in identifying several people they say vandalized downwn businesses following a verdict in the shooting trial. they want help in matchg names to pictures. they arrested 78 people last thursday. three-quarters of them were from out of town. one of the business that was most damaged was foot locker on 14th street and broadw. people were seen breaking windows and steing merchandise. we posted the pictures that police are hoping you can help
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them with at www.abc7.com look under see it on tv. san jose police say a fight between a man and two women turned deadly at an apartment complex. one of the woman was shot and killed and the other was stabbed. sister of the woman who was shot identified her as lisa holland. the other is in the hospit listed in critical condition. police arreste one man rober lee turner. it started when police responded to 2,000 block around 10:00. the unidentified woman was stabbed by the suspect. holland trd to intervene but was shot. both were taken to the hospital where the shooting victim was pronounced dead. >> we called 911. the police and the officers would not let them through.
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police y the only delay in getting weigh the ambulance to the victim because they needed to make sure the scene was safe. >> milpitas, police are asking the public help identify these two people who are suspected in fatal shooting of a richmond man. that shooting happened in october of last year. police sayhe victi michael anthony davis was shot in the mall's parking garage. they say a surveillance video captured images of the suspects. investigators say they may frequently visit or live in the salinas area. you are asked to call the crime stoppers tip lin there are new reports this morning that a top apple engineer warned company officials of potential antenna problems months ago, well before the phone hit stores. apple won't comment today but they callea news conferce tomorrow to answer critism of the iphone 4.
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teresa garcia is life in san francisco with the latest developments. >> there are mixed feelings out here. some believe that the issue is being blown out of proportion. then you've got those that believe really that apple has a black eye on the gold standard saying i shouldn't have released a phone that has antenna issues just yet. consumer reports refrained from actually putting the iphone as one of the enrsed smart phones and company shares have fallen this week. now iphone pressure is on to fix the iphone. >> this is the gap in the outer antenna that is causinguch an uproar. a growing group of consumers claim it's faulty and calls are being dropped. apple issued a press conferce on friday to address the issue. we caught up with steve wozniak. he is aware of the problem he hasn't experience dropped calls
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>> i don't want to cover it up because i don't have to. it's not a bad looking bumper at all. >> that may be the solution that apple offers tomorw, flee iphone bumpers to protect the antenna band but some belie the problem should have been addressed before revealing the phone publicly. antenna experts voiced concerns to steve jobs that the design could lead to dropped calls it could cost apple up to billion ey don't think they'll go that route. >> it may be unlikely right now with product recall. where they are going tomorrow, i just don't know. >> is about one thing we know that sales records have bee broken in the first three days,
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1.7 million devices were sold. right now there is a and in and three week back order in the u.s. steve told me that a nine week back order in germany. he is saying that may be too much is blown out of proportion here. live in san francisco, teresa garcia, "abc 7 news." it's an historic vote, still ahead the first latin american country in histo to legalize same-sex marriage. but first, an education emergey, the draft that the state of california is takinto get student out of under performing schools.
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later today the california state board of education is expected to start an emergency in 1,000 schools. students are csidered to be at risk of, quote, serious harm to health and safety or general welfare. it could make a new law to help students at troubled schools to high performing schools. pta will challenge th emergency declaration in a meeting today. theyall it alarm effort and it doesn't give paren time to understand what that emergency declaration means. >> bp has resumed testing of a new cap that could slow or even stop the oil gushing from its well in the gulf of mexico. thesere live picturesf the
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well that is still something lots of oil. they had to stop testing to make emergency repairs. john hendron reports. >> after another false start, renewed optimism. bp begin the process o testing the pressure side the cap on the leaking well and then a snag, a leak in a line attached to the well cap. they say it will be replaced before starting tests. overnight, robots worked on the leak and the tests are back on. >> make no mistake, number one goal is to shut the well and kill it and stop it at the source. this is merely an intermediate step to coain the oil and plugging the le. >> it was the second delay in 48 hours. now bp will slowly close three valves checkin the pressure every 12 seconds with progress repor every six hours. the spi could finally be contained.
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>> we'll close it completely down and the pressure will stabilize and that will be it. >> that is three hundred times the pressure in a car tire. >> the first thing we would get the bloody well to stop flowing. >> if you cap it too quickly the pipe will explode and blow. >> if that happens, all bets are off. >> bp says it should be now twen and 48 hours from now. nearly every prediction of timing within the last three weeks has been wrong. >> meteorologist mike nicco is straight ahead with our forecast. >> hot weather and show you all the sunshine we're dealing with away from the coast. you can see the silver lining along there. quite a spread from 50s to the coasto possibly hundreds inland. >> mike, ank you very much. a clotng store popular for trendy teen looks raes
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aren't you glad we switched to at&t? yes...but i want my own invisible cord. you already have one. oh. ♪ she had a tumor in h heart and pieces of the tumohad broken off and gone all throughout the bloodstream. he said, "she's basically brain dead. if she lives she's gonna be blind iboth eyes, she's gonna lo both legs and she's gonna be paryzed."
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declare tt gays and lesbians have all the protections that marriage brings to et row sexual couples. >> in new york city they recovered the hull of a 32 foot ship that dates back to the 18th century. they say it was likely used for part of the fill to extend manhattan. they want to salvage some o the timbers, but it was unclear if any large portions of the ship could be lifted out intact what used to be the world trade center. >> we that he around the bay area. >> we do. >> let's check in with mike and the forecast. >> inland neighbors, where the air-conditioners will be rling and the electricity, bill will be going up. emeryville back to san francisco you can see just how gorgeous
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the sunshine is on the bay side but look over towards the ocean and e clouds are link clinging to the coast keeping the folks moderate mild. comfortable, how about that? let's take a look from the top down. you can see some of the clouds still holding on to the coast. i think just like yesterday, that will start to peel away and see some sunshine. let's take a look at those temperatures, half moo bay, 59. low to mid-70s already around oakland d redwood city and napa. upper 70s for santa rosa. 80 in san jose and mid to upper 80s for antioch and fairfield. 50 at monterey. santa cruz to salinas, low to mid sunshine and 86 in gilroy above average warmth. that is what we'll have toda and tomorrow. clear and relatively warm around
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the bay. not as warm for all of us starting sunday. how about three degrees warmer in redwood city and san jose. five in oakland and santa rosa will jump nearly seven degrees today. down in the south bay, mid to upper 80s and then saratoga in the low 90s. cool spot is nil bray. sunshi along the coast and mid-60s today. sausalito 79 but then you jump to 86 in san rafaelnd 92 in sonoma. at beaches, sunshine mid to upper 60s. along the east bay shore, low to mid-80s to fremont's 87. we'll have mid to upper 90s in most of the east bay valleys. brentwood gettin near hundred. upper 60s to low 70s for monterey and pacific grove. hundreds spread throughout the valley. 112 today in palm springs with
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dry thunderstorms possible. temperatures are nearly 25-30 degrees in los angel than they were earlier in the week. 97 for a high. also the break is or, giants areack in town taking on the mets. warm by san francisco standards, 73 degrees down to 56 and relatively calm. tonight's temperatures will be coole in the north bay valleys with upper 50s but low to mid-50s will spread through the rest of our neighbooods. antioch may hanground 70 degrees. >> some of the bees bay neighborhoods could touch 100 the next two days. around the bay we'll hit the mid-80s and lose about, i'd say 4-7 degrees sunday and about another 4-8 degrees on monday. wanted you to know aids walk san francisco is coming up on sunday
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july 18th. >> more news for yo, a popur teen clothing store is adding new line to its inventory, maternity wear. forever 21 is known for trendy clothes. three of states have the highest teen pregnancy rates in the country. new maternity line is gettina mixed reaction from customers. >> it's going to make it seem like it's okay for young girls to get pregnant. the company issued a statement saying forever 21 did not create love 21 maternity to appeal to pregnant teens.
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birthday at yosli's in oakland. >> menlo park connoisseur market place features world class cars and chef demo >> it's disneyland's anniversary. this weeke the family museum has a special display. >> they add faces and they didn't need voices, 15th annual san francisco silent film festival at castro theater. >> reliving radio, live at kre is benefit for the historical anselmo art and wine festival in downtn san anselmo >> justin roberts sos are about childhood, celebrate the release of his new cd saturday at the swedish ameran hall.
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