i'll tell you this morning city bank reported a $1.3 billion profit.hat number not as good as analysts were expecting. that always takes a little bit of a toll on the numbers. apple of course we've been watching very closely apple stocks now set to open down a little more than 5%. >> really? >> $17.5 a share. but really a lot of talk this morning that apple has a very deep bench now of executives ready to step in as steve jobs makes the announcement that he is going to go on medical leave again indefinitely. we don't know how long. of course steve jobs pivotal in the company. so really been in question as to how apple can function without steve jobs at least for now. and there on the new york stock exchange big brothers, big sisters of new york city doing wonderful work that organization. all over the country. we have a great, great organization branch of that organization here in the bay area as well as they get ready to ring the opening bell. there it is live in new york. and we get to those numbers in just a minute. >>> all right. we're there for yo

it would happen, he had to put the whole thing together, and he reached out to some partners in city bank, and we got some folks in stanford, university stanford university interested -- we got some folks at stanford university interested. all these groups said, "we love this idea." de gates foundation said they were interested in the idea, and we are here because all of that has come together. the notion is simple, and i will not take up much time except to say this -- once a mind is stretched, it never goes back to its original form. if you can create that quality of imagination, you can give kids as young as kids that were justa

in the city and county spent. >> thank you. -- state bank and a city and county bank. >> thank you. next speaker please. >> i urge you to nominate a fresh face, someone who has courage, honesty, integrity, and who is a fiscal expert. elections should not be brought corporate interests. i admire chris daly for doing houses for middle income people and the poor here in the city. people are moving out of the city because they cannot find a place to live here anymore. people cannot come here to work because they cannot afford the rent. we have to have a tough mayor. i come from new york. we need of bloomberg, somebody who is tough, who gets things done. i have to get things done, because it is very hard, and we need somebody politically inclined -- not politically inclined to put all the people they know on committees who are not qualified to be there. we need qualified people. this is only a few of the things i could recognize. i could go on all day, but let's get somebody who is tough, who could run the sufficiently, and make us all proud, bec

bank bonuses. robert has this exclusive report. >> the city of london and big banks. vital to the british economy. ministers have been talking to bank treats about whether they are doing enough to support the recovery. and, whether they pay their top people too much. agreement has yet been reached. i've learned that chancellor george osborn recognizes he cannot prevent billions of pounds in bonuses being paid out by the banks, which only two years ago were rescued from collapse by hundreds of billions of pounds in loans and investments from us, the taxpayers. investment banking has been a less profitable business for many banks in 2010 than in 2009. bonuses were expected to decline in any case. royal bank of scotland may pay near 1 billion pounds and the bonuses compared to last year's 1.3 billion pounds. barclays may reward 5.5 billion pounds in salaries and bonuses when the results of the of the first nine months of last year indicated it would be paying out to global employees of its investment bank. even if bonuses are cut, investment bankers won't necessarily be

. >>> new details have come out tonight about the allege getaway driver, arrested after a union city bank robbery, which ended with the suspected robber dead. and police arrested the 36-year- old, anthony lee of fremont yesterday, booking him on robbery and conspiracy charges. now, the chronical reports he's the owner of kingdom, a clothing store in union city. due to appear in court on tuesday. meanwhile, police have not identified his passenger, the allege robber, who was found dead after a police chase. investigators don't know yet if he was hit by police gunfire or if he killed himself. >>> there is good news tonight from tucson. the congresswoman, gabriellgiffords upgraded from serious condition to fair condition. this comes eight days after the congresswoman was shot in the head at point-blank range. the news comes as people in her home state gather for a peace march. >> reporter: arizona congresswoman, gabrielle giffords, continues to make a remarkable recovery from a gunshot wound to the head. doctors have upgraded her condition from critical to serious. and she is breathing on he

especially with one of its traditional drivers that's well at a two year high sales trader joined from citi bank explain to the stocks that were the main drivers i would say this week were luke oil and ross taft stark's and a lot of the large energy names in two thousand and ten lagged the market in general this week both of those stocks traded above key resistance levels and were able to hold those levels we saw quite a bit of demand and then one of the reasons why the russian market did so well this first week commodities were generally very strong crude oil held above the ninety dollars level. we've seen brant closing in on one hundred dollars level once again so that's obviously very supportive for the russian market also metals were quite strong i'm back in one hour's time with an update stay with us. i got out of the military in nine hundred sixty six i got out because the things i saw the things i was doing and this reason we were given for doing it was a personal protest. during the vietnam war an antiwar movement emerged that altered the course of history this movement didn't take place

with one of its traditional drivers as well as a two year high sales traded john heinz will from citi bank explains to the stocks that were the main drivers i would say this week were luke oil and ross left these stocks and a lot of the large energy names in two thousand and ten lagged the market in general this week both of those stocks traded above key resistance levels and were able to hold those levels we saw quite a bit of demand and then one of the reasons why the russian market did so well this first week commodities were generally very strong crude oil held above the ninety dollars level. we've seen brant closing in on the hundred dollar level once again so i was very supportive for the russian market also metals were quite strong. so for now the headlines are next with bill but after a short break to stay with. the . machine would be so much brighter if you knew about someone from first impressions .

rubbish heaps fill the streets parts of the city known as a center of a foster turning into a junkyard. and palestinians are naming the streets of the west bank city of ramallah after those they regard as heroes the choices are causing anger in israel some are accused of being terrorists. god it has one of the greatest writers of all time leo tolstoy has made a significant imprint on literary history over one hundred years on from the russian novelist death his award winning biography and wilson says tolstoy's message is just as valid as it is now and stay with us. as a biographer what attracted you to tolstoy. he's a giant he was the great giant of the novelistic form greater even than dostoyevsky who i suppose of the two great dr so that was what attracted me to him and the fact that ever since i had really become a serious reader in my teens it was his novels i regarded as the greatest tell stories books i'm thinking specifically of war and peace consistently tops the list of the best book do you agree with these kinds of rankings you can't really compare war and peace with any other novel he himself said it wasn't a novel and it isn't rea

a union city bank robbery suspect is due in court tomorrow. they arrested anthony on saturday booked him on robbery and conspiracy charges. he's the owner of the kingdom clothing store in union city. he was the get away driver in that bank robbery. the alleged accomplice was found dead after a police chase. investigators don't know if he was hit by police gunfire or if he may have killed himself. he has not been identified. >>> police are looking for a gunman that wounded a teenage boy. investigators say several young men with guns were involved in the attack. the teenage boy only suffered a single gunshot wound. he is expected to survive. at this point there is no word on any possible motive. >>> a grandmother and grandson that died in a murder suicide. police found their bodies inside the grandmothers home last week. she has been identified as 96- year-old francis robertson. her grandson was 51-year-old david robertson. he killed his grandmother and then turned the gun on himself. he had a history of mental illness and drug abuse. . >> this c

city of skyscrapers. and the streets in the west bank city of ramallah named after people. some choices are causing in israel. with news from russia and around the world this is r.t. here in moscow good to have you with us and the far eastern coast of russia is one of three ships stuck in freezing water to safety three extreme weather a second vessel is trying to follow while the third remain stranded four hundred people aboard the ships which have been frozen for a week in the conditions. that that means. it seems that things are beginning to move maybe just slowly the ice breaker that's managed to to smash a path towards the ship stranded in the ice is now towing one of those ships out of its having been freed out of this search zone and they're going to try and calm a second ship to that our team managed to contact the captain of one of those toads ships he said that currently everything is going ok but off of the icebreaker is towing us towards clear waters right now the situation is normal we are getting out of the ice one of the other ships trying to free us but was u

citi bank which has had the highest charge up rates saw the biggest decline. >>> side air bags do indeed save drivers lives in crashes where the left front door is hit. the insurance substitute for highway safety a driver with a car rated good in side impact crashes is 70% likely to survive one of those crashes. a driver with an acceptable rating is 64% less like lie to drive. even cars with marginal ratings provide a 49% increase in the chances you will survive that kind of a crash. >>> time now is 6:22. there was tragedy at a southern california high school. the item left inside a students backpack that ended up seriously hurting two innocent classmates. >>> the fbi is looking into reports of federal crimes connected to foreclosure auctions. >>> good morning. right now traffic is moving well across bay area bridges. it's getting a little bit of slow traffic here. the golden gate bridge traffic is moving along well. there is the richmond bridge for the first time in days. we can see it because it's not foggy. let's go back to the desk. . >> in los angeles a 17-year-old boy could face ch

a union city bank robbery suspect is due in court tomorrow. police arrested 36-year-old anthony palros and booked him on robbery and conspiracy charges. he's the owner of kingdom clothing store. he was the get away driver in that bank robbery. now his alleged accomplice was found dead after a police chase. investigators don't know if he was hit by police gunfire or if he killed himself. >>> the coroner has identified the livermore grandmother and grandson that died in a murder suicide. police found their bodies inside the home. she has been identified as 96- year-old francis robertson. her grandson was 51-year-old david robertson. investigators say david robertson killed his grandmother and turned the gun on himself. he had a history of mental illness and drug abuse. >>> it comings nearly four years after a 17-year-old girl alleged baseball girls gang raped her. she is suing eight team members ranging from negligence to rape. the men reportedly declined to accept their offer to drop the case. earlier county da carr made the decision not to fil

. >> reporter: kimberly brown was thrilled when citi bank agreed to help her audition for a loan modification on her home. >> i was excited. i had a lot of hope that it would work out. >> reporter: so did jim blanton of pittsburgh when his lender wells fargo let him try out for a loan mod. >> we're like all right, in three months now we're going to be okay. >> reporter: but even though both made their more manageable payments on time, their banks refused to make the deal permanent. >> you've been denied. >> now all of a sudden we're going, what are we going to do. >> reporter: attorney whitney houston says banks aren't playing by rules. she's suing chase on behalf of a hayward family and said chase is violating a part of the hamp program called trial period plan. >> it promised borrowers that if they made their payments on time for three months over this program, it would provide them with a permanent modification. >> reporter: but chase contends in its court papers the tpp isn't binding so it's not required to offer a permanent deal. houston's said the banks benefit by stringing struggling h

and everyone coming together, from the museum to our city, and banking communities coming together to develop this proposal. about the value of the museum, i cannot say it any better any be civic leaders that have said about the wonderful importance of this museum. so we are very motivated to work together, to move the process forward and the at some upon the i would like to acknowledge some of the save members on the museum staff who worked diligently particularly our c.f.o., mark. he is right there. thank you very much. come back to visit us as a body and once again we have experienced wonderful art from asia and interconnectivity from asia and our city. our leaders here will be available for interviews afterwards for questions. thank you very much for coming.

the west bank city of ramallah is marking its centenary by dedicating street names to people which the palestinians regard as heroes but it is infuriating israelis who say they are terrorists policy or reports on how some see it as a growing sign of extremism. in palestinian ramallah they are naming their streets to celebrate the city's one hundredth birthday this is right for the cities to know where they are imaginary casing your way around here with no street signs to help well until two years ago that was the case there were no numbers. houses and no names for the sticks but now yasser arafat's gets a street as does a neighborhood that used to exist in arab jaffa in the one nine hundred thirty s. the neighborhoods long since disappeared and the streets a call for palestinian refugees to return to israel the criteria are simple palestinian heroes places and ideas supported by the people read on this issue here between the public or there or. if anything the officers members of both groups are glorified which might surprise those who. palestine's most modern city would shy away from

. >>> the investigation continues this morning into a bank robbery and shootout in union city yesterday. it started with a robbery on alvarado nils road. police say the suspect got in a get-away car which officers followed. the chase ended at arizona street and dow avenue. the driver was arrested, but police say the passenger ran into the back yard of a home while shooting at police. he was later found dead of a gunshot wound in that yard. at this point it's not clear if he was shot by police or if he might have shot himself. >>> and in the east bay, oakland's new mayor is continuing her campaign this weekend to address the city's crime rate. yesterday mayor jean kwaun and congresswoman barbara lee helped volunteers clean up the streets block by block. this time they concentrated on east oakland where it's been the site of several shootings in the past two weeks and also known as a dumping ground for garbage, anything from drep to furniture ends up on the -- drug paraphernalia to furniture ends up on the streets. >> in neighborhoods where the public abuse of facilities and where there's

where the streets had no names find out why a west bank cities choices to identify the highways and byways is causing road rage . roads are in danger of mysticism a riff of modern technology i'm sure i'm thomas and coming up on our to explore the world of the siberian sharman. those stories still to come but first christmas may be over for most christians across the world but for some orthodox believers the holy day is just coming the russian orthodox church uses a different kind and from the west so celebrates the birth of christ on the seventh and visual will start shortly and russia's main place of worship christ will. joins us from there. a lavish spectacular ceremony. is about to kick off in the cathedral just behind you tell us more. christmas may be over for most christians across the world but for some orthodox christians the holy night the holy days yet to come the main service lavish ceremony will be held here at the very. at the christ the savior cathedral. tonight christians all christians christmas eve. the day before jesus christ was born on january the sabbath the difference

. >> reporter: for silicon valley san jose business journal and city national bank presenting their yearly regional economic forecast in san jose today. many of the business leaders attending the conference today are optimistic and say they already see signs of life especially in the local economy. >> they were starting to see that the u.s. economy and even more so the economy here in silicon valley is starting to expand and grow at a much faster pace than we've seen in the past few years. >> reporter: he says businesses are expanding particularly those in technology and clean energy and consumers are starting to spend again. this morning the real estate sector delivered some optimistic news. pending home sales rose faster than expected in december for an increase in five of the last six months. however, the numbers are still lower than those of a year ago and locals who have been in the business for years tell us it's not exactly a turn around yet. >> it's a trugling. we are finding work. we're staying busy. but it's definitely a challenge out there. it's probably the toughest market i've

given the city took this time and did not record it, and we sent the first letter to the bank, the owners, is there any recourse for the city to go after the previous owner? they could have dealt with this before they sold the house, right? >> between the requester and the bank? commissioner lee: yes, the bank could have dealt with this with the city as well. they are also responsible to the city, not just her because they sold her a problem, are they not? is the bank, the previous owner, responsible for taking care of something with the city? can any odor just pass off their problems to the city of knowingly? >> it is the current owner at any time. they are responsible for the property. commissioner murphy: looking at this, the way i see it, the rules were written in december 2009. at that time, the bank of new york own the property. there was no compliance and the case was scheduled for the directors hearing. the notification at that time went to bank of new york. between the time of the notification and the hearing, title was taken to the property. nobody showed up. the order was then

bank's shares fell more than 6%. the financial services giant earned four cents in the fourth quarter. it's a big improvement over last year's loss, but four cents below expectations. strong growth in citi's overseas consumer banking couldn't offset weak stock and bond trading for institutional clients. just last week, citi shares closed at a 52-week high of $5.15. that $5 level is considered important because many institutional investors can't hold stocks that trade below it. despite the latest misstep by citi, standard & poor's analyst erik oja rates the stock a "buy." >> we have a $6 target price for one year from now. and our $6 target price is based on 13.3 times our estimate for 2011, which is 45 cents per share. so, we think that citigroup right now can continue to go up. >> susie: oja says stock and bond trading revenue is a highly volatile area of business, and he does not expect it to be a long-term problem for citi. tom, citi and apple weren't the only big names reporting. what's on tap in tonight's "market focus"? >> tom: let's take a look at tonight's market focus. today's gains were led by the energy and material sectors, while telecom stocks saw selling. but the focus turne

city. the river banks are impossible. boats have been thrown against bridges. an entire riverside dear garden -- garden swept away. the city's 52,000 seat stadium lights and one of the worst affected areas. >> what can we do about it? this is devastating. >> this is absolutely unbelievable. >> constructed after the devastating floods of the mid- 1970s, at their main dam is struggling to cope. >> queensland has already faced some dark days and there are dark days do i had. australia is standing with you. we are working with queensland. >> normally tranquil suburbs have become disaster zones. over 50 will be hit by the floods. animals and livestock are fending for themselves as the waters rise. some residents have attempted rescues. most will have to be abandoned. this was rosily village, where the community turned out to help. they stayed with they could. australian city dwellers selling the same kind of self-reliance and humor that we have seen from those who live in the bush. this is testing be no worries, mate, experience. >> we are trying to rescue the everyt

city center of. junkyards. and palestinians are naming the streets of the west bank city of ramallah. the choices . are accused of being terrorists. we talked to the founder of a children's charity foundation coming up next in spotlight. hello again the welcome to spotlight. on r.t. i'm now going off and today my guest in the studio is part of. according to statistics published by the charity's aid foundation the most helpful people live in new zealand and australia russia is way down on the list does it really mean we'd rather ignore someone's troubles than give a helping hand we're asking an actress and co-founder of the party reason charity foundation deal of course. another survey has shown big companies operate russia spend an impressive part of their income on charity but while firm stand to spend cash and big social projects the c.f. ranking makes it clear personal health in russia is not to come on of those some experts believe this ranking shows only one side of the coin the other is the development of charity against time and here we can be more apt to mistake as more and more russians ar

back here one man is dead following a bank robbery in union city. m that several media outlets reported that wikileaks indiscriminately posted 250,000 sensitive international documents online. they also criticize what they say is a persecution of the website's founder julian assange. former governor arnold schwarzenegger is telling an austrian newspaper that his time as governor cost him a huge pile of money and could have cost him his family. schwarzenegger missed out on at least $200 million in acting roles and hollywood films. still he says it was more than worth it. schwarzenegger says his family life is damaged and needs to be repaired. he recalled many sunday evening when his wife maria and his children broke down in tears at his heavy work schedule. he quoted family members as saying we hate your job. four years ago governor schwarzenegger, then governor, announced plans to hope health clinics at 500 elementary schools all over the state. but according to california watch, a project of the nonprofit center for investigative reporting, not a si

the west bank city of ramallah is naming its streets part of a regeneration scheme started two years ago so markets hundredth anniversary but some of the titles are causing controversy after being named after people involved in planning suicide bombings and reports it's being seen by some as a sign of growing extremism. in palestinian ramallah they're naming their streets to celebrate the city's one hundredth birthday this is and right for this isn't the norm where they are imaginary casing your way around here with no street signs to help well until two years ago that was the case in that one bar there were normal numbers for houses and lives for the sticks but now yasser arafat gets a street as does a neighborhood that used to exist in arab jeff and the one nine hundred thirty s. the neighborhoods long since disappeared and the streets a call for palestinian refugees to return to israel the criteria are simple palestinian heroes places and ideas supported by the people read on this issue here it really is a topic or a thread there or. if anything the opposite members of both groups

a decision by authorities in the west bank city of ramallah to name their streets after prominent palestinians is proving controversial as policy reports some streets have been named after people who is relic uses of planning suicide bombings but who palestinians regard as martyrs and heroes. in palestinian ramallah they're naming their streets to celebrate the city's one hundredth birthday this is and right for this isn't the norm where they are imaginary casing your way around here with no street signs to help well until two years ago that was the case in the one law there were no numbers for houses and no lives for the sticks but now yasser arafat gets a street as does a neighborhood that used to exist in arab jeff and the one nine hundred thirty s. the neighborhoods long since disappeared and the streets a call for palestinian refugees to return to israel the criteria are simple palestinian heroes places and ideas supported by the people read on this issue here with reading. or there or. if anything the opposite members of both groups are glorified which might surprise those who think pale

city. commissioner chiu: bank -- commissioner campos: thank you. following up, just a question to the chair, to transportation authority staff, because i do think that it is important to underscore that we are not actually voting today on congestion pricing. how does that work? if we were to go forward with the study, what would be the process that will be followed by which a decision on the actual proposal of doing congested pricing worked? would there be an opportunity for us to get feedback from the public? a lot of interesting points were raised about the impact on small businesses and the local economy. if you could just say a little bit about that because i think it would be good to put that in context in terms of what this vote would mean today. >> what we were suggesting is a follow the rigorous environmental impact reports process and also in process so that we have qualifications for federal funding, not just for the study, but eventually if the board decides, for implementation, which is really where the big prize is. you heard earlier t