the 747 is the largest airliner when the airbus 8380 was unveiled in 2005. this is a wall street rock concert minus lady gaga. >>> making headlines this morning, starbucks wants to serve up latt, lattes one step at a time. analysts have long expected that starbucks would sell the little via instant coffee pacts to the fast growing single brewing

airbus parent e.a.d.s. was edged out. now boeing shares rocketed higher on the news, up 5% in after-hours trading around to $74 a share. the air force originally planned to lease the planes from boeing, but that fell apart after it was found laws were broken during the bidding process. today's loser, airbus, has ten days to appeal. otherwise, boeing will start building the tankers. >> tom: toyota's still being dogged by floor mat and accelerator problems. today it recalled another 2.1 million vehicles. that's on top of the 8.5 million vehicles recalled globally since november of 2009. the issue? floor mats that could get stuck under gas pedals, causing sudden acceleration. you can check your toyota on the company's website, toyota.com/recall. >> the technology stocks with the nasdaq finding some gains after two days of selling pressure. let's get you cup dated in tonight's market focus >> tom: a mixed end to a choppy day for the major stock indices. let's start with the day for the s&p 500. just before 2 p.m. eastern, the

european officials say that money gave boeing an unfair advantage against rival airbus. but boeing rejects most of the panel's findings, saying those so-called illegal subsidies were actually research and development grants. boeing and airbus have been fighting for years over aircraft subsidies. >> susie: with the u.s. budget deficit expected to hit $1.5 trillion this year, tonight's commentator believes now's the time for a shift in thinking when it comes to spending cuts. he's doug holtz-eakin, president of the american action forum and former director of the congressional budget office. >> you're hearing a really confusing debate about cutting federal spending. republicans intend to chop $40 billion from the current budget year-- its about one-half over-- and continue cutting thereafter. democratfight draconian cuts and argue that they will undercut economic recovery. meanwhile the president talks about getting our fiscal house in order, but also making strategic investments. what's a person to think? start with the easy one. over the next decade, the federal governme

airways airbus made an emergency landing in the hudson river here in manhattan. the flight that became known, of course, as miracle on the hudson. tonight we've gotten a first look at the plane which is in a hangar in new jersey, still in the same shape it was when they pulled it out of the water after that incredible landing by sully sullenberger. the wings have been removed, but everything is going to be reattached. the plane was headed that day for north carolina. that's where it's going to finally get to this summer when it's placed in an exhibit in charlotte. >>> the actor charlie sheen who may now be better known for his out of control behavior off screen than his actual acting at this point has finally gone too far with management. cbs announced last night it's shutting down production of his hit sitcom "two and a half men," the number one comedy on television, by the way, after sheen delivered a rant on the radio against his producer. sheen says he will still report to work next week. >>> and exactly how bad a spring flooding season are we expecting in th

in the end boeing beat out the european-owned airbus which had been awarded the contract in '08, a decision that boeing appealed. >>> when we come back on this busy night, if you're worried that all this unrest is going to cost us more for gas, you have good reason to be. >>> later, we'll show you their first official event together as a couple and what it launched as a result. >>> beyond the violence and the drama we've been watching this people's revolt in the middle east and north africa now, a lot of americans want to know what's this going to cost me where the price of gas is concerned. the oil market was wild today. crude oil hit a high above $103 a barrel, then wound up down at $97 and change. still a very high price. every american is going to ultimately feel this. our report from nbc's tom costello. >> reporter: it may be half a world away, but the trouble in libya is reaching all the way into candy rittenberg's edible arrangements store in maryland. fresh fruits and vegetables come in every day, but her delivery van needs gas. >> we're paying more for the produce. we're paying mor

the way, for which the term "jumbo jet" was coined, in part to counter the new giant double-decker airbus from europe, boeing has extended its second floor bubble. this new 747-8 intercontinental is now the longest airliner in the world. they already have preorders for 107 jet liners. the first of them could be airborne by next fall. >>> american olympic skiing star lindsey vonn dropped out of competition today in the alpine skiing world championships in germany. here's what happened. on february 2nd she suffered a concussion in a training accident. she's still feeling the effects. she says she needs to focus on getting back to 100% and winning her fourth world cup title over the course of the season. despite her lingering injury, however, just yesterday lindsey vonn took silver in the downhill competition. >>> there were plenty of upsets at last night's grammy awards. justin bieber went home disappointed, so did lady gaga, but the new artist, esperanza spalding, was richly rewarded as was lady antebellum. arcade fire won top honors of the night. eminem and rihanna brought the house down

the 747 is the largest airliner when the airbus 8380 was unveiled in 2005. this is a wall street rock concert minus lady gaga. >>> making headlines this morning, starbucks wants to serve up latt, lattes one step at a time. analysts have long expected that starbucks would sell the little via instant coffee pacts to the fast growing single brewing niche. this comes that starbucks is ending its partnership for craft. it supplies the discs for the tassimo brewing machine. >>> consumer advocates are plotting a new plan by the irs to protect low-income taxpayers. the treasury department is experimenting with refunds by debit card. 800,000 taxpayers will be asked to participate in the silent program starting next week. 10 million taxpayers don't have bank accounts and often fall prey to high fees for cashing a check. >> pretty soon those companies will no longer be able to take money from families that can't cash their irs checks. >> the u.s. treasury plans to mail the card, load it electronically as soon as the returns are approved making it ready for immediate us

back and forth over several years and boeing did beat out its european rival, ea ds, the parent for airbusurprise move. its shares are up 3% helping out the dow. the market is struggling the past few days with the middle east unrest. dow right now is trading higher by 40 points, nasdaq up 23, and s&p is gaining 7. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> this morning, a little bit of damage control for muni. >> claims of numerous violations and a slower response to fix major problems based on a new report. with the breakdown now, let's go to cbs 5 political insider phil matier and he is joined this morning by tom nolan, who is head of the san francisco municipal transportation authority. gentlemen, good morning. >> reporter: good morning. tom, i'm glad you showed up this morning. >> glad to be here. >> reporter: did you take muni? >> of course. >> i hope so. it's interesting coming in we are talking about damage control and the state puc, which oversees muni and takes a look at safety conditions has some real questions about the safety of muni. a report

a first look at the battered airbus 320 bearing all the scars from that cold january day when it collided with a flock of geese shortly after takeoff from that guard i can't. >> there is very prominent bird strikes. >> reporter: and eerie reminders ofs chaotic months when the 155 passengers and crew members rushed to evacuate the cabin. >> most of the people did not use their life vests on the plight. most people took the seat curb shons. >> reporter: sean is president of the carolina's aviation museum in charlotte where flight 1549 whether make its permanent home in the coming months. >> i see history. i see who and what we are. i see the best of humanity. >> reporter: a part of the miracle that goes hand in hand with the heroic efforts of sullen burger and skiles. >> not only was he able to do a great job flying, but it held up when it hit the water. >> reporter: those wings that buoyed passengers have since been removed, but will soon be reattached. the museum will reconstruct the plane as it was on the day of the emergency landing. that includes everything inside the cabin right down

we make billions of dollars of components, both for boeing and for -- and for airbus and for many other manufacturers. section 605 would jeopardize america's dominance in aerospace, it would shift the very programs that have strengthened our nation's global leadership away from the experience and expertise at nasa. a consortium of nonprofits and colleges and private corporations and other government agencies can be effective and having effect i have to -- and have been effect i have to promote public-private partnerships in economic development, but none of these entities, either by themselves or even work together, will ever be able to conduct aerospace and aeronautic research and development better than does nasa. its fundamental aeronautics research capability is already fully integrated. it ensures the future success of the nasa space missions. furthermore, section 605 is in direct contradiction to the nasa authorization act of 2010, which reaffirmed that -- quote -- "aeronautics research remains vital to nasa's mission and deserves continued support." simply put, section 605 jeopar

in the running are going and its competitor, a division of airbus. the pentagon has twice awarded the contractor for 10-year period only to see its decision overturned amid accusations of underhanded politics and discriminatory rulemaking. aviation analysts say that it is the most solidified nightmare ever to hit the defense budget and that it's been going on so long that it is hard to imagine we are nearing the end. law-enforcement officials across the country are conducting a nationwide sweep of suspected members of mexican drug cartels working in the united states. dea working with immigration and customs enforcement says it is a direct response to the fabric 15 shooting death of an ice agent in mexico. by this morning, agents have seized more than $4.5 million in cash and arrested more than 60 people. those are some of the latest headlines on c-span radio. >> it is critically important that the house moved this to avoid a government shutdown. >> we all have a responsibility to make sure that there is no government shutdown. >> with concerned abou

organization allegations -- not allegations, but wto did find some problems with eads over time because airbus is subsidized in some european countries. on the boeing side, there are enormous tax breaks that are given to u.s. corporations of a time. and it is one of these debates where you see a lot of people upset. it is 48,000 jobs that would benefit washington, kansas, and connecticut. connecticut would build the engine primarily. alabama would benefit from an eads win and that would mean many jobs. that is a very difficult situation. basically, the folks that watch this very carefully, they have shown an ability to affect the process. and in some cases, they were right. in 2002, senator mccain raised some questions about this plan with boeing, and it turned out there was some kind -- corruption there. and gao did have a problem with how the award was given out in 2008. i think the air force did take some steps to drop and rfp proposal that was more detail than in the past. where were able to find ways to take subjectivity out of the process by hanging a lot on cost. host: frank oliveri, yo

it is a matter of national security that that be produced here in the united states and not by airbus mysteries in europe. that competition should have already been awarded to boeing. host: james, why so much knowledge and interest in these military issues? caller: i have served in the military for a while as an aviator, and i follow these programs very carefully. like i say, the tilt rotors just have not performed as they were designed to do. host: are you still in the military? caller: just retired. host: after how many years? caller: 20. as far as the social security thing, as a civilian, i pay a 6% payroll tax now. i pay that on 100% of my wages. but i noticed that some people are exempt from that requirement to pay 6% on 100% of their wages. it seems to me like everybody that's employed should pay 6% on the total of their wages. i pay it on 1%. r c.o.p. is it on less than 1/10 of 1% -- our ceo is paying less than 1/10 of 1%. host: are you what they call a -- dipper -- a double-dipper? do you received a military pension and social -- receive a military pension and social security

navy shot down the iranian airbus that was crossing on a flight, shot down by the u.s. navy and they said it was an accident. it killed 290 people. all this was in halting english, off the record. the iranians are going to retaliate. use subcontracted to another service, which they give to the syrians. then they subcontract, and yes, we were involved that way. libya admitted it. host: independent line. jacksonville, florida. caller: i love your green tie. people should read daniel ferguson article in time magazine which talks about how president obama failed on the egyptian situation. the italians were in libya from 1911-1943, the british and iraq, from 1903-1933, so when we talk about occupying the country, we should be wary of americans of doing that. our interests in the middle east are solely oil. we should be honest about that. let's consider, in closing, if we never invaded iraq, which donald rumsfeld has a book talking about that war and how he failed to find weapons of mass destruction, iraq would have freed itself today. that is my comments, and your guest is a