this morning we're asking you, if you were larry ellison, what would you rename your new hawaiian islandellis island west. i like it. maybe its own statue of liberty nearby. oracle ceo can rename his new hawaiian island silicon island. john tweets larry should name his island mypad. ryan tweets, the oracle of hawaii. >> nothing about tiny bubbles or don ho or anything? >> i want to know who's the 2% owner? in other words, some guy with a shack going to be still on his island? because he owns 2%? >> it's going to be a freeze out. remember? freeze out that guy. >> i own 98%. pushing you into the sea. >> exactly. taking a look at the markets, basically flat lining it with the s&p down by just about two points. the dow is higher. it's hanging in there up by about 15 points, jim. i don't want to say the divergence. oil stocks today have been sort of hanging in given the big moves we've seen, 3% lower in crude yesterday. today down another, what is it here, 1%? >> i don't want to be so weather oriented as to think, well, what can be buoying some of these things. we have martha and the vandella

news. time now is 4:54. hawaiian island about to be sold. it's one of the smallest publicly accessible islands where people live. it's owned by self-made billionaire david burr dock. the governor of hawaii was notify of the sale but is not at liberty to say what the -- say what the asking price is. >>> the alameda county fair is marking the 100th anniversary. 17 day celebration will include three nights of fire works. the world's largest outdoor grill and contest. fair organizers are marking this with $1 admission and $1 carnival rides. let's check back in with sal. >> will there be corn dogs? >> i'm sure and cotton candy. that's what my kids look for. >> it's not fair without cotton candy and corn dogs. let's take a look at what we have now now. the traffic is moving along pretty well around the bay area as we get an early start on a weans. westbound bay bridge that traffic looks good getting into frank. very small delay. no metering lights. if you are driving in san francisco northbound 101 traffic looks good. there are no major problems.

. >> he is the new owner after hawaiian island.e can get things done for them. >> many say they hope he brings jobs to the rural island. they want affordable housing and residentses say they need to be sensitive to the close knit community. >> pixar animation as the number 1 film in america. > >> that flag was cleaning off. >> expected to gross between 60 and $65 million this weekend. it is about a scottish archer who is out to defeat a beasley curse. on friday, shall -- beastly curse. followed by abraham lincoln. madagascar three. and pride weekend. and rock of ages -- protestors. and rock of ages. >> what led to a tense situation at a farmer's market. >>> we have three winning tickets that were sold in the bay area. and what they are worth. >>> out this morning. mostly sunny skies and the numbers on the rebound. we will take a look at what you can expect for the afternoon, coming up. . >>> cool refreshing cup of let me man aid led to death threats. a vendor got angry at a woman who wanted more let me mob in the lemonade she bough

. >> coming up, hawaiian island has a new owner. a bay area connection as well. >>> good morning. live look of the morning commute making their way across the bay bridge heading to the toll plaza. steady flow so far. it's 5:23. >> imagine how wealthy you have to be to buy an island. oracle founder larry ellisson signed an agreement to purchase 98% of the hawaiian island of lanai. the state owns the other 2%. the asking price was between 500 to $600 million. nbc bay area obtained a statement about the deal from hawaii's governor. his passion for nature, particularly the ocean is well known specifically in the realm of america's cup sailing. we look forward to welcoming mr. ellison in the near future. >> yeah. awesome. i wish we had hawaii like temperatures to talk about. >> do this and pretend i didn't hear those. it's not going to feel like hawaii. going to feel like san francisco, look like san francisco. what we typically see in june, that gloom, the low clouds as we head throughout the day today. barely any sunshine expected. all the way from san mateo to san francisco. but san

. >>> one of the richest men is buying a hawaiian island. its newmiles of unspoiled charm. just 30 miles of paved roads and no traffic lights. >> it is a close-knit community so hopefully -- >> bill and melinda gates were so enchanted by its beauty, they rented every hotel room and chartered every helicopter on the island for the 1994 wedding. some of the estimated 1,900 residents expressed trepidation with the sale but were also relieved to finally know who now ons their home. >> we're a little in the dark about this but at least it is good to know we have a name now. >> kind of scary. yeah? because we don't know him. we don't know his personality and all that. >> reporter: 67-year-old ellison is said to have been circling the island for some time. he's a yachting enthusiast who won the america's cup finals in 2010. with the purchase of the island, the billionaire joins a select group of island owning celebrities, including johnny depp, jean hack man, leonardo dicaprio, and steven spielberg. the maui news reports the previous owner, self-made billi

hawaiian island. captioning funded by cbs >>> this is the vst morning news for thursday, june 21st, 2012. >>> good morning, everybody. good to be with you. i'm terrell brown. the investigation into the "fast and furious" gun running probe has turned into an all out partisan and acrimonious battle between the obama administration and the republican controlled house. at issue here justice department documents relating to the congressional investigation. president obama invoked executive privilege to shield the documents. a house panel cited attorney general eric holder for contempt. susan mcginnis in washington. susan, good morning to you. >> reporter: terrell, good morning. this is a long time dispute to a new level. some democrats say this is designed to embarrass eric holder and hurt the president. republicans say they just want to get to the truth and they're hinting at a coverup. >> the ayes have it. >> reporter: voting along party lines the house oversight committee recommended attorney general eric holder be held in contempt of congress for failing to turn over documents related to the failed gun smu

. >>> people who live on the hawaiian island of lanai have a few wish-list items for their new landlord ellison. they hope the oracle billionaire will bring jobs and lack affordable housing and better transportation, but they say they would also like ellison to be sensitive to their close night community. >>> the city council voted this week to join the marin energy authority and it offers two power programs one is called light green which 50% renewable energy and rates comparable to pge. the deep green program provides electricity that is 100% renewable. richmond customers will be able to enroll as soon asment is. >>> in berkeley dozens are likely smiling a little brighter thanks to free dental care. dentists offered chebups and other needed care for free today. oregoners say the clinic puts on free clinics two times a year. >>> two men and a girl found themselves in the water which was over the girl's head. someone onshore called 911 and the fire department pulled them out. everyone is okay tonight. >>> new at soment a former antioch high school teacher who was recently rescued after

hawaiian island. >>> plus, "reading rainbow." the classic show so many of us grew up with, gets a makeover for the ipad generation. >>> and new >>> welcome back. the economy's going to twist some more. chairman ben bernanke says the federal reserve is continuing its operation twist, its program to drive down long-term interest rates and reduce borrowing costs. the fed acknowledges that the economic recovery is slowing. and bernanke says the bank is ready to do more if employment doesn't improve. >>> that wasn't enough for markets. tokyo's nikkei average gained 72 points today. hong kong's hang seng lost 196. in london, the ftse opened higher. on wall street, the dow slipped 13 points yesterday. the nasdaq index was up less than a point. >>> car owners are more pleased with automakers than anytime in the last 25 years. they give lexus the highest marks for quality. the jp power survey. the one area they aren't happy is the new hands-free communication system. >>> with all that cash on-hand, apple is going to give its store employees a raise, perhaps as much as 25%. sales clerks make $9 to 15 bucks an hour. and that was a major com

hawaiian island. that is right his reach a deal to buy of 98 percent of the night. he's the eighties and teens news anchor in hawaii and says that he exemplifies the aloha spirit. >>> let's start with the people of money this is the kind of violence that is different from the mainland because no one locks the doors there that is their car or their house and someone's car breaks down everyone stops by and knows about it and to pass them on the street to say hello in the past the knee, you waive that is just the kind of island today is only about 3000 people live there. a number of investments like these are driven not necessarily buying profit loss statements they're driven by a the beauty of the place. >>> there have been a series of different people love owns the island so for a long time it was a sugar cane and land and then the next owner came through and it was cattle ranch style that was pineapple and today is all about tourism and that is the main industry there that is what keeps the balance driving and allows most of the people to live there. for the people of the nit i would imagine that t

oracle ceo buying the hawaiian island of lanai and what all locals are saying about the new owner. qr announcer: this is a area near a station. the kron4 news at 6:00 p.m. starts now. from >>catherine: one day after the devastating fire, crews begin the job of rebuilding. 29. the first step is removing its damage to fasad. kron4 takes you inside the charred landmark as fire officials tried to each of if all the fire started. >> the point of origin has been determined your eighth eig >>catherine: fire crews in and investigators are tried to figure out the extent of the damage and the next move. yesterday's fire caused a huge chunk of the buildings' facades and all of. traffic was tied up for hours on the embarcadero. crews closed part of the embarcadero to get the fire did before. tonight, kron4 has uncovered new details. can >>j.r: the estimate on the damage is $2.4 million. when you look into the distance, you can see some of the cruise. you can see what they are doing and what they have been doing. they're trying to get rid of the area that was destroying the fire, the black, cha

new details on a hawaiian vacation gone horribly wrong. a livermore girl is in the hospital after a shark attack. the girl's name is sade st. claire. this happened on the beach on the islandf maui. they say the 16-year-old had a four to five inch

new orleans. i think he got a kick out of it. >> i think everyone did. >> hawaiian government says that billionaire larry ellison reached a deal to buy almost all the island of lanai. >> it is the six largest islands of the hawaiian islands. he filed a transfer application with the public utilities commission. he is the ceo of oracle and the sale price is unclear but the asking price was between 500 and $600 million. that's island is 1000 times larger than fellow billionaire richard branson said. >> i think dole pineapple might of bone that at one time. mass-transit agencies have declared today dumped the pump day to encourage commuters to leave their cars at home. bart will hand out dump the pump stickers this morning at a few of its train stations. passengers have a chance to win some free bart tickets. connect with us on facebook or twitter or e-mail us. inside a newsroom we spotted a cheap gas in fremont. one of our producers saw an arco station selling gas for $3.73 per gallon near interstate 880. >> too bad bart doesn't run when we are coming in to work in the morning >> we would have a hard time dumping the pomp. >> some people are just burning thr

hawaiian island? it is possible. oracle's ceo in a deal to buy 98% of lanai, hawaii's sixth d]. the price in the hundreds of millions of dollars. live at newchange i'm jane king. >>> gotta check out some islands that are for sale. >> teeny tiny one somewhere. >>> we did have technical problems earlier with the report on the sunscreen to protect against skin cancer we'll bring that to you on abc7 news at 4 p.m. today. >> speaking of the sun, are we gonna see any? he brings sun and joy. >> thank you, i try to. >> at least somebody's son. >> and she does watch from atlanta. mom, former teacher. 6:51 let's see if if i can have good grammar during in forecast. doesn't this look like fail day? sue brought this to my attention. look at the winds and clouds and sun. yeah kind of looks like fall even though it is the first day of summer and it going to feel like fall. from mount tamalpais from the south, san jose, let's not if you did it would be sunny doppler showing that it is clear under the clouds just drizzle possible at the coast and possibly mist at higher elevations around the east bay first day of summer sharply cooler up to 23° cooler clo

hawaiian island today. the price tag for a chunk of paradise and the billionaire who just scarfed it up. from the journalists of fox news on a very busy fox report. [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. [ male announcer ] you get in the zone long before the race. get your head right. and focus. on race day you don't leave anything to chance. ♪ get set every morning with gillette fusion proglide. engineered with our thinnest blades ever, so it glides for less tug & pull. ♪ great starts begin with gillette fusion proglide. ♪ mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every piece of equipment nows where it is, how it's doing or where it goes next. ♪ this is the bell on the cat. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ >> shepard: late breaking today the cred

hawaiian island. what he likely paid. and a bear cub returned to the wild. why some people are calling it a big mistake. all ahead on abc 7 newsl here talking about baseball. who won and who lost. >> the giants down in the oc as we say, orange county trying to take the rubber match of a three game series they had the misfortune of facing the angels ace jarred weaver in his first start back after a stint on the disabled list. threw a no hitter on may 2. i tell you what, great stuff again tonight. first batter of the game. a taste of weaver's nastiness. takes buster posey with a high heave. only struck out three. angels get on the board as alberto hits his fourth homer of the year. a solo shot in the second. angels tack on a item of couple of more in the fog. tremendous. single to center. aybar and the angels go up 3-0. just went final. 6 h-0 angels over the giants. as for the a's they honored they are second baseman before their game with the dodgers tonight. in the second, arribe. josh rest tig appears to catch the ball but flies out on impact. take a look with the replay. he's got it. he's got it. he's got it. it flies out. j

new rx f sport. this is the pursuit of perfection. >>> power rundown time. let's get it going and start with mr. ellison, oracle's ceo, larry plans to buy the hawaiian islandllion and all of the pineapples he can eat. it's roughly the price of ten manhattan condo, a better deal an his not so golden state warriors which mr. ellison also owns. what do we think of? he's going to buy the island? >> larry lost out on the golden state warriors which went for $450 million. he was the second bidder but i think this is a better deal. i've been to lanai and jane might have been, too. it is a great deal, former dole pineapple fields, people want to go there and i think buying the real estate here is a smart move. >> what do you think, jane? >> it's been a money losing operation for a long time, but larry ellison has deep pockets, he's not buying it i hope to make money. it is so gorgeous. darren, you know, when we were there, the place was empty. my husband played both golf courses by himself, two balls a hole, never saw anyone. he felt like a billionaire being there at the place. it is gorgeous, and i don't think murdoch would have sold it to him if he thought ellis

hawaiian islands. the ceo of oracle has been having an interest in purchasing this for a while. purchase price was between 500-$600 million! here is more. these futures for this island with this newe some change. >> murdoch will sell his 90% share. and it will and a quarter of century of murdock ownership. >> everything is like castle and cooke. with land, buildings. apartments housing. and this sale agreement includes this hotel, a golf course, the utilities and roughly 88,000 a.. they are hoping the new ownership will bring new opportunities for the residence. >> we are hoping that this rohn younger generation will have a better future. >> this community is divided. >> you can see there are a lot of signs that says to go or to stop. and it is a division. >> what others would you like to see? >> infrastructure. >> ellison wants to bring investment. to reinvigorate tourism and create new jobs. and why not. to take care of the residence. how much can you pay is still a mystery. >>justine: users are not able to use their accounts. twitter is experiencing technical difficulties. >> will be back. a live look at san francisco. fog! for most of the day expected. a big " unexpected to p