buckeye battle. president obama and mitt romney lay out their vision for the economy in ohio. a state critical to the election hopes of both candidates. europe on the brink. voters to decide whether or not to trash the euro and spain's bank hover on the edge of failure. highway robbery that's daring. attempted truck heist in romania looks more like a stunt right attempted truck heist in romania looks more like a stunt right out of hollywood. captioning funded by cbs this is the "cbs morning news" for friday, june 15, 2012. good morning everybody. happy friday. good to be with you, i'm terrell brown. we begin with the race for the white house. mitt romney begins a five day, six-state bus tour in new hampshire today. president obama is back in

washington after a day of campaigning. this evening he heads home to chicago of the he'll spend father's day weekend there. mr. obama also stopped in new york where he and the first lady visited the world trade center site. the president signed a beam that will be incorporated into one world trade center. his inscription reads, we remember, we rebuild, we come back stronger. both the president and romney campaigned in ohio yesterday. a state that many feel could decide the election. the president said the economy is the defining issue of our time. susan mcginnis has more in washington. good morning to you. >> terrell, good morning. a lot of drama surrounded the two speeches in ohio happening just minutes apart from each other 200 miles apart. they yielded nothing new. but they did show just how important all of the swing states will be in the next five months. mitt romney's campaign bus hits the road today for a five-day, six-state tour. first stop, the battleground state of new hampshire. before the road trip, the obama and romney campaigns hit another swing state. in ohio, the two rivals were in

rare agreement on one point. >> this election is about our economic future. >> in cleveland, the president said romney's plan would return the nation to george bush's policies. >> we were told that huge tax cuts, especially for the wealthiest americans, would lead to faster job growth. >> in cincinnati, governor romney said the president has failed to deliver. >> he's been president for three and a half years and talk is cheap. >> the race for president appears to be coming down to one main issue, how to lead the economy back to prosperity. and the two sides are offering fundamentally different visions of how to get there. >> i will finally get america on track to have a balanced budget and we will limit the size of government. >> to do that, romney would increase domestic energy production in an effort to cut costs and create jobs, eliminate the president's health care reform law which romney says hurts small businesses and cut spending to reduce the deficit.

>> you can't have a strong and growing economy without a strong and growing middle class. >> the president's plan involves investments in education, infrastructure and energy and higher taxes for the rich to pay down the deficit. voters have fewer than five months to decide which plan they support. something the obama campaign can use, a new gallup poll shows 68% of americans blame former president bush for the u.s. economic problems. terrell? susan mcginnis in washington. susan have a good weekend. thank you so much. a reminder, mitt romney will appear on face the nation this sunday. you can see it right here on cbs. cbs "moneywatch" time on a friday. investors around the world keeping a close eye on what's happening in europe over the next few days. erica ferrari in new york with more. good morning, erica. >> good morning, terrell. this sunday greek voters will decide on a new government and their choice could impact the global economy. voters are choosing between left wing candidates who want to end austerity measures and those who

want to stick to the terms of greece's bailout. if greece rejects the rescue package, it could be forced out of the eurozone. the problems in europe aren't limited to greece. borrowing costs in spain rose to 7%. it was at that same level that greece, portugal and ireland all called for bailouts. spain is already set to receive $125 billion to relieve pressure on its banks. there are also concerns that italy could be in danger of defaulting as well. economists say if either country can't pay back their loans shall the european banking system could collapse. despite the bad news overseas, markets were stable on the hope that the federal reserve and other banks could take steps to stimulate their economies. tokyo's nikkei was flat. the hang seng rose more than 2%. on wall street, the dow added 155 points, the nasdaq was up 17. the los angeles county court system is launching widespread layoffs today.

the action affects more than 400 workers who will lose their jobs, see pay reduced or be assigned to a lower level position. the response is in response to tightening state budgets. 110 years, that's the sentence handed to r. allen stanford. he was found guilty of bilking investors out of more than $7 billion over the course of 20 years. the 62-year-old read a statement thursday in which he maintained his innocence and insisted his businesses were legitimate. terrell? >> erica ferrari in new york. have a good weekend. overseas, u.n. observers entered a town. the near ly deserted town was overrun by troops to regain control of rebel held areas. u.n. officials say they were greeted by the stench of death. the number of casualties unclear. activists say more than 40 civilian and opposition fighters were killed yesterday in other parts of syria. in egypt, preparations under way for a presidential runoff election this weekend. a decision by egypt's supreme

court is seen as a roadblock to democracy. the fundamentalist islamist brotherhood say it's a full-fledged coup and promises tough days ahead. allen pizzey is in cairo with details. >> the supreme court ruled that egypt's first democratically elected parliament should be dissolved. at the same time the court delivered good news to this man. the former prime minister. it struck down a law which would have barred him from office because he was part of the ousted mubarak regime. the ruling clears the way for a showdown between shafiq and mohammed morse i, a member of the muslim brotherhood. in the runoff vote this weekend. dissolving parliament hands the military the right to write the new constitution. that will decide how much power the president has. that translates to one thing to this man. >> this is a coup.

it's a legal coup. it's not legal because it's legitimate, but legal in the sense that the army has staged a coup using the courts. >> a coup without tanks? >> a coup without tanks. >> the military issued a decree giving police the right to arrest anyone resisting the authority, halting traffic, damaging buildings or harming government security. which in effect allows for a clampdown on protests. >> gloves are off. they have made it clear what they want. they want to turn back with a vengeance to the previous regime. this is something that's untenable. we cannot do this. >> the protesters who thought they won the fight for a free and transparent system of government find their revolution mired in a political environment that is as muddy and polluted as the nile river. and the political maneuvering is far from over. the muslim brotherhood warned they will take to the streets to prevent what it calls the return to the old corrupt ways.

allen pizzey, cbs news, cairo. the jerry sandusky trial is recessed until monday when the prosecution is expect today wrap up its case. yesterday three more of sandusky's accusers testified. one says he screamed in the basement of sandusky's house as the former penn state assistant football coach raped him. sandusky's wife was upstairs at the time. sandusky denies those allegations. >> to the wildfires burning out west. the fire burning west of fort collins is still spreading as evacuations have been ordered, new ones. it's about 10% contained but burned 78 square miles and destroyed more than 100 buildings, including 48 homes. the fire in southern new mexico burned more than 37,000 acres and damaged or destroyed 224 homes and other structures. take a quick break on a friday morning. coming up on the morning news, exchange program, items lost in japan's tsunami last year are returned to their rightful owners after washing up on u.s. shores. this is the "cbs morning news."

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boy, talk about highway robbery. look at this infrared night video from romania. two thieves climb out of an suv one opens the doors of a delivery truck, while speeding along a freeway in the dark. it's like that movie fast and furious. looked inside and apparently decided there's nothing to steal. main suspects were arrested in japan today, police arrested the last suspect in the deadly nerve gas attack on the tokyo subway system in 1995. 54-year-old takahashi was caught after police received a tip. he's a former member of the doomsday cult that released gas in the subways killing 13 people and injuring more than 6,000. coca-cola, the largest soft drink maker, plans to start selling drinks in burma. for the first time in 60 years. it follows a decision -- for

taking steps towards democratic reform. democracy movement, aung san suu kyi is in switzerland. she was kept under house arrest. she won a seat on the parliament. two months ago. on saturday, she travels to norway to accept the nobel peace prize she won in 1991. tropical storm carlotta is expected to become a hurricane. carlotta, currently 460 miles southwest of acapulco, sustained winds of 65 miles per hour, ten short of a hurricane. the storm is expected to dump a foot of rain on mexico's southwest coast causing floods and mudslides. >> crossing the pacific to america, debris from the tsunami in japan. a soccer ball, basketball, volleyball and yellow fishing buoy. that washed up in alaska were carried home by the crew of a fed ex cargo jet. they even got their own seat on

the plane. unlike most tsunami debris, the four items were marked with the owner's names and addresses. up next on a friday morning, your weather forecast. in sports, lebron james and the heat try to even the nba final series with oklahoma city. series with oklahoma city. chili's lunch break combos start at just 6 bucks. so ditch the brown bag for something better. like our bacon ranch quesadillas or big mouth burger bites, served with soup or salad, and fries. starting at just 6 bucks, at chili's. >> hi, i'm snuggle. look, i get towels fluffy... blankets cuddly... and clothes stay fresh... [sniffs] for 14 days. and i cost less than the leading brand. let's snuggle. sears one day sale is saturday with friday preview get 60% off men's polos and 50% off this craftsman mechanic's tool set plus when you shop your way you can buy online, and pickup today. this is destination dad. this is sears.

support team usa and show our olympic spirit right in our own backyard. so we combined our citi thankyou points to make it happen. tom chipped in 10,000 points. karen kicked in 20,000. and by pooling more thankyou points from folks all over town, we were able to watch team usa... [ cheering ] in true london fashion. [ male announcer ] now citi thankyou visa card holders can combine the thankyou points they've earned and get even greater rewards. ♪ the weather in some cities around the country. in new york, sunny, 78. thunderstorms in miami, 89, partly sunny sun, 87 in chicago.

partly sunny, 92 in dallas. partly cloudy in los angeles, 72 degrees. let's check the national forecast. overnight storms give way to calmer conditions as the day goes on. in the northern and central plains. severe thunderstorms could pop up in the western plains from eastern montana to northeastern new mexico. most of the west will be dry and sunny. scattered thunderstorms will range along the gulf coast from eastern texas to florida. mostly dry and pleasant in the northeast. in sports, a big almost for oklahoma city in the nba finals. trailing miami through three quarters. the thunder mounted a furious charge in the fourth. russell westbrook took a turnover for a tough layup and foul. time running short, the heat dwyane wade turns it over and kevin durant drained the three-pointer. cutting miami's lead to two. seconds later, durant's jumper to tie it. they end up falling short. lebron james got the rebound and a foul and the heat went on to win it 100-96. the series tied at a game apiece. game 3, sunday in miami. to baseball now.

a wild finish in kansas city. the brewers leading 3-2. the royals, to left, hit down the field field line. scores a run. the game tied. the throw from left. short hop, second baseman who bobbles the ball and the walk-off run scores. royals 4, brewers 3. >> padres at mariners. throwing error by the seattle defense gave the padres a lead in the bottom of the fifth. makes a great catch to rob suzuki of a hit. the padres scored three more times in the sixth en route to a victory. to golf now. a tough first round at the u.s. open. six players finished the first 18 under par at olympic club in san francisco. led by michael thompson. five others are three strokes back, including nick watney. a perfect approach shot for a

double eagle on 17. tiger woods playing like his old self. he sank a curving 35-foot birdie putt through the shadows on 5. finally a royal parade in downtown l.a. thousands lined the streets to cheer the nhl champion kings. they showed off the stanley cup as they rolled through the staples center on flatbed trucks and buses. all to a fan rally at the staples center. congratulations to them. when we come back, another look at this morning's top stories and victory lap. after being the first private company to visit the international space station, spacex headquarters gets a visit from nasa's chief. station, spacex headquarters gets a visit from nasa's chief. ,,,,

the forecast in some cities around the country. d.c., mostly sunny, 80 degrees. partly sunny, 84 in atlanta. partly sunny, 92 in st. louis. thunderstorms, 86 in denver. partly sunny, 73 in seattle.

top stories now on a friday morning. president obama and mitt romney campaigned in ohio yesterday. both focusing on the economy. the president said a vote for romney is a return to the recession era mistakes of the past. romney said the president is the enemy of people who create jobs. and the colorado wildfire continues to spread this morning and more evacuations have been ordered. the fire burned 78 square miles and destroyed 48 homes. a federal jury in new orleans rejected a $17 million lawsuit brought by actor stephen baldwin against kevin costner involving a case with the gulf oil spill. baldwin and a partner said they were deceived by costner and his partner into selling their shares of a company that made an oil cleanup spill device. bp later paid $52 million for 32 of the devices. baldwin claimed he should have received a share of that profit. a dragon is on display in

california. dragon is the name of the spacex cargo ship that came the first vehicle to dock with the international space station. as we report from hawthorne, california, nasa's top official visited yesterday for a little show and tell. >> weeks after spacex sent a capsule to the international space station, nasa administrator charles bolden visited the headquarters. he got a closeup look at spacex's past and its future. >> spacex team and nasa team came together to be america's team and you saw what we do. >> spacex ceo showed off the company's first dragon spacecraft. in december 2010, it orbited the earth on a trial run. the original capsule has scorch marks from re-entering earth's atmosphere. spacex revealed the newest craft as designed to take people into space. behind me is an engineering model of spacex dragon craft that will carry seven astronauts to space. nasa's goal is to have a private astronaut transport ready by

2017. elon musk, the chief designer of spacex made his fortune as the co-founder of paypal. but his ambitions go beyond this planet. >> i think it would be great to be born on earth and die on mars. hopefully not at the point of impact. [ laughter ] >> musk hopes that the dragon rider, as it's called, will be a cheaper version of the russian rocket. the rocket has been used to take americans into space since the shuttle program ended. the space trips cost about $63 million per person. spacex is aiming to get that price down to about $20 million per astronaut. teresa garcia, cbs news, hawthorne, california. a member of the famous flying wallendas is set to make history. nick wallenda is going to be the first to walk a tightrope above niagara falls, 200 feet high. the 1800 feet walk is expected to take at least a half hour and yes, he will be wearing a safety harness.

but he had to be talked into it. coming up after your local news. tips to buy travel insurance for your next trip. i'm terrell brown. this is the morning news. ing news. [ male announcer ] it's avocado season, only at subway. add some flavor to your morning routine. build your better breakfast. give it an avocado kick. [ male announcer ] kick up your morning. try a fresh toasted bacon, egg & cheese with the rich, smooth superfood, avocado. subway. build your better breakfast. with the rich, smooth superfood, avocado. it's time to live wider awake. only the beautyrest recharge sleep system combines the comfort of aircool memory foam layered on top of beautyrest pocketed coils to promote proper sleeping posture all night long.

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a report released by the federal reserve this week found in 2010, the net worth of american families fell dramatically. the recession reversed 20 years of financial gains. seth doane spoke to one man who experienced it firsthand. >> you said your schedule might change for work. >> rick snyder has watched his sons matt and adam grow while he's watched his own future, his nest egg shrink. >> i gain, i lose. i gain, i lose. i thought i would be better off by this point than where i'm at now. >> that should be where you place -- >> the divorced man makes $80,000 a year. selling holiday decorations, which puts him above average for lehigh county, pennsylvania where he lives. his 401(k) dropped 40% during the crisis.

it's up a bit to a total of $150,000. but his investments aren't keeping up with inflation. >> you're planning to retire? >> i'm planning and hoping. but financially, will i be able to? i don't know. >> he worries retirement might not come until he's 67 and maybe later. >> i'm not getting ahead. i'm not getting ahead at all. absolutely, that's what it feels like. i like to use the term flat line. >> how long has it felt like you're flat lining? >> probably for almost a decade now. from a decade ago, i'm really no better off from where i was. >> a family's net worth is everything they own minus their debts. the average family net worth today is $77,000 about the same as 20 years ago. the biggest reason is the collapse in home values. rick snyder's home is worth less than he paid. >> it hasn't taken as bad as a hit from other other areas, but it's still down probably 15 to

20% from what it was. >> in 2007, the average homeowner had $95,300 of equity in their home. that's the part they own free and clear. but in 2010, average equity dropped to $55,000. >> who is getting squeezed? >> the middle class. >> tim waters is a certified financial planner. >> a lot of disillusionment out there and the feeling that it will never get better. it often brings people to tears sometimes. >> you have people in tears at a financial planning session. >> sometimes, yes. >> we always think of america as being a place where the next generation does better. do you think that? do you still think that? >> i question that now. >> there you go. >> it's a question that many in his generation are asking these days as they revive expectations for their own futures and that of their children. seth doane, cbs news in pennsylvania. after your local news, the

latest on campaign 2012 as president obama and mitt romney focus on the economy. we'll hear from nancy pelosi. the birthday of the u.s. army. that will do it for the "cbs morning news" on this friday. happy father's day to all the dads this weekend. appreciate you watching. i'm terrell brown. thank you everybody. i'm terrell brown. thank you everybody. have a good one. -- captions by vitac -- www.vitac.com -- captions by vitac -- www.vitac.com

so it started a huge construction by fire.