. >> as alexis christoforous tells us, the company received a big thank you from the white house. >> reporter: first lady michele obama had a warm greeting for the newest partner in her campaign against obesity. >> this new initiative is truly a game changer for the health of our children. >> reporter: disney announced that all products advertised on its media outlet have to meet new, stricter nutritional standards. that means a wide range of candy, cereals and fast foods will disappear from disney's tv channels, radio stations and websites. >> i totally agree they should have everything more healthy. >> reporter: the health kick also extends to disney's theme parks which will cut sodium in children's meals by 25%. disney did its homework before launching the new plan. executives studied the market place and found consumers are demanding more nutritious food. the company is selling billions of its licensed fruit and vegetable servings at theme parks and that could help offset any drop in advertising revenue. >> they've realized that what is good for our children can also be good busi

alexis christoforous has tonight's money watch update. >> reporter: u.s. home builders broke ground on more single family homes last month. and permits for future building projects rose to the highest level in three years. housing starts fell 5% in may because of a plunge in apartment construction. and investors are pinning their hopes on the federal reserve. many are hoping the fed will announce new steps to get the economic recovery back on track. fedex is sounding a profit warning. the delivery company says higher cost sent a slowing economy will hurt earnings. microsoft has taken the wraps off the new tablet computer, surface. the answer to the popular ipad. the cover flips down to become a full key board and has a kick stand. it will run on the windows 8 operating system. it hits the market this fall and will retail for between 500 and $800. sales of the nook fell 11% last quarter. and that's your money watch. for more, go to cbsmoneywatch.com. in new york, i'm alexis christoforous. >>> nothing draws others and awes of -- draws awes like the picture o

i'm alexis christoforous. >>> a large flock of ducks stretched their legs in china. more than 5000 ducks hit the street on their usual trek to a local pond. a picture of this same scene went viral online last week. the farmer who owns the ducks he is not trying to make news and doesn't want to be all over youtube but takes the birds on a walk a few times a year to help them burn off energy. >> that's a good idea. >> and they all follow along. >> good idea. good idea. >>> still ahead, bus monitor bullied, how her community is coming together to support her. >> and jerry sandusky's first comment about his child sex abuse conviction. >> and bernadette woods is updating our first warning forecast. >> wjz-13 is always on. for instant updates, click wjz.com. [ horn honks ] ♪ ♪ [ man ] excuse me miss. [ gasps ] this fiber one 90 calorie brownie has all the moist, chewy, deliciousness you desire. mmmm. thanks. at 90 calories, the brownie of your dreams >>> all right. a nice day outside. >> it really is beautiful here. we already started to lose the humidity in baltimore, but

let's go to new york, where alexis christoforous has tonight's cbs money watch update. >>> emergency g-7 talks are taking place today about europe's debt crisis. they're -- there are growing concerns that spain's banks will need a bailout. and word that one of the largest lenders in cypress is in need of cash. analysts say this is a threat to the u.s. economy. and that has many wonder waiting to see if the federal reserve plans another round of stimulus to jump start the economy. fed chief ben bernanke is expected to give his speech on monday. >>> service companies, including restaurants and hotels, expanded at a slightly faster pace in may. it's the 29th straight month of expansion for u.s. service companies, which employ roughly 90% of the work force. verizon says it has offered voluntary buyouts to employees in 12 states. they hope not to have to cut 1700 jobs. >>> casino magnet, steve nguyen, plans to spend money. nguyen is going ahead with the resort, despite signs of an economic slowdown in asia. the project will house hotel rooms, gaming tables, restaurants, the shops, spa and

let's go to new york right now, where alexis christoforous has update. s cbs money watch >> reporter: stocks rose on upbeat news about housing and manufacturing. more americans signed contracts to buy a home in may. and businesses ordered more ng-lasting items like computers and appliances. experts say both reports point to a slowly improving economy. but europe continues to be a big worry for world markets. european leaders will hold a two-day summit to discuss the problems. invests igatorare worried it will end any meaningful solution. >>> lawmakers are ing at college loans. without a deal, rateoss federally subsidized student rates were set to jump from 3 to 7%. the white house said it is pleased with the deal democrats and republicans have reached and hopes they will reach the deal quickly so the president can sign it. >>> apple is suing, claiming samsung copied the signof the ipad. the trial begins next month. and google has unveiled its very own tablet computer at a conference in san francisco. the google branded s 7 tablet has a 7-inch screen, sma

. >>> lease go to new york right now, alexis christoforous has tonight's cbs money watch update. >>> stocks staged one of their biggest rallies of the year, after europe took concrete steps to address the region's economic crisis. european leaders agreed to send bailout funds directly to struggling banks or ease austerit measures. consumer sentiment fell to its lowest level of the year in june. americans were also more cautious about their spending last month, as their wages barely budged. bernie madoff's younger brother told a new york judge today, he's sorry for the massive fraud. 64-year-old peter madoff pleaded guilty to the conspiracy after his brother was sentenced to 150 years in prison. >>> he's agreed to serve 10 years in prison and forfeit $143 billion. >>> toyota is adding about 150,000 lexus suvs to its huge recall for unintended acceleration. gas pedals can become trapped by floor mats, causing the suv to accellerate unexpectedly. since 2010, toyota has recalled more than 14 million vehicles to fix floor mats, gas pedals and other safety problems. that's your money watch

in new york, i'm alexis christoforous. >>> coming up on eyewitness news at 4:00.early a dozen defts. -- defendants. what they say in the fatal marching band case. >>> and we're looking at a gorgeous day down here at baltimore's inner harbor. we'll have the first full day of the sailabration. we'll have this and more coming up when eyewitness news at 4:00 continues. ,,,,,,,,,,,,,, [ jared ] uh, michael? you know... big game... that was sort of supposed to be for all of us. [ slurping ] [ male announcer ] give 'em what they love. subway! giant subs, sandwich and cookie platters. and big-time value. subway catering. order today! ♪[ music ] >>> and welcome back to wjz's live coverage of the star spangled sailabration. in the inner harbor and throughout baltimore's port. and i am denise koch. and i'm with tim williams. and this sailabration is going to include fireworks, it's going to include music. there's a lot of food around here, let me tell you that. obviously the ships that you can tour for free as you were saying. >> that's right. >> it's really a wonderful even

let's go to new york right now, alexis christoforous has tonight's cbs money watch update. >>> stocks initially rallied after european countries said they would lend spain $125 billion to save its banks. but that rally quickly faded on worries that the bailout won't be enough and thatilityally might-- that italy might also request a rescue package. the rescue in greece might also determine whether it remains part of the euro's common currency. >>> apple is expected to hit stores just in time for the holidays. apple made the announcement as the company's annual software development conference in san francisco. the iphone 5 will be released this september. apple also says it has no plans ever to make an ipad mini. >>> would you pay $1,000 for a pair of sneakers? well, fans of kanye west camped out at shoe stores this weekend, for a chance to score limited edition nike sneaker designed by the rap star. the shoe sold out in the first hour. but the nike air ez2s are already being resold on ebay for thousands. one reported pair sold for $90,000. but experts say that was probably a publicity

alexis christoforous, cbs news, new york. >> carrell's real life wife is in the movie along with a big screen legend who makes a surprise cameo. we won't tell who you it is. you have to see the movie. >>> good morning. thank you for joining us for 9news now at 5:00 a.m. i'm andrea roane. >>> i'm not growing to give it away. i'm mike hydeck. >>> i would if i could but i can't. >> good morning. monika. >>> weather wise, you need to know it's going to be another hot, scorching day today with high humidity. maybe some records will be set. we'll make a run toward the 100- degree mark. 99, 100, somewhere in that range. but there is relief on the way. that will be here by the

alexis christoforous, wjz eyewitness news. >> now, the new guidelines won't go into effect until 2015 of preexisting contracts with disney's advertisers. >>> scott pelley has a preview of what's coming up tonight on the cbs evening news. >>> an american drone has killed al qaeda's number 2. are we close to knocking them out for good? we'll examine that tonight on the cbs evening news. >>> and here's a look at tonight's closing numbers from wall street. we'll be right back. ,,,,,,,,,,, >>> will this weather last? bob says emphatically no, because it always changes. he and bernadette woods have all of the answers for us. first, let's check in with bernadette williams in the forecast. >> it will last for a day or so because we're locked into this weather pattern. this is starting to break up. we drop into the 50s. then tomorrow, sunshine giving way to building clouds. and temperatures a little higher, into the 70s. then again the chance for a shower, or thunderstorm as we head through the afternoon or evening. for the rest of the five-day, here's bob. >>> and the warmup will begin a litt

. >>> let's go to new york now, where alexis christoforous has tonight's cbs money watch update. >>>nvestors are watching the elections in greece this sunday, to elect a new government. the results could hold the key to the future of the euro zone and determine whether or not greece continues to use europe's common currency. investors brushed off new reports. consumer sentiment is at its lowest level in six months. that's offsetting cheaper gas prices. and the nation's factories produce less in may than april, a sign manufacturing is slowing down. >>> a former goldman sachs director has been found guilty of insider trading. 63-year-old rejat guptda was convicted of three counts of security fraud, for giving confidential information to a hedge fund manager. he faces more than 60 years in prison. he becomes the most prominent defendant convicted so far in a wide investigation of insider trading. for more, go to cbs money watch.com. >>> with the fourth of july holiday just a few weeks away, baltimore county is releasing its schedule of fireworks displays. catonsville high school, fuller

on wall street, alexis christoforous, wjz news. >> and construction saw the biggest drop 28,000 constructionwere cut in may, manufacturing added 12,000 jobs. >>> if you're waiting for someone to get home from work, let's check on the roads with christie bresland. we have had some traffic problems today, christie including a bad fire. >> absolutely kai, unfortunately that situation on northbound 95 is still occurring. let's now take a look live. that is the southbound camera but the vehicle fire is on the north direction right past white marsh. the delay is very slow. you best bet would be to avoid all of this. take route 40 or even get on bell air road instead. as far as the beltway goes, if you're traveling on the topside of the outer loop we're looking at one hour, that's from providence road, heavy from park heights avenue over to bell air road. 25 minutes from the vw parkway to security boulevard. if you are traveling on the harrisburg expressway, stop and go in that northbound direction. that's from tamonium road to belfast. traffic coulding at -- crawling at 25 miles per hour. just cra

. >> jessica doyle is off today so here's alexis christoforous with today's money headlines. >> reporter: stocks suffered their worst sell-off this month as bad news about the economy kept piling up. manufacturing in the u.s. and china is slowing down. more americans than expected applied for unemployment benefits last week and home sales slipped last month. the dow jones industrial average tumbled nearly 251 points while the nasdaq plunged 71. oil fell below $80 a barrel for the first time since october. a weak global economy has investors worried the demand for oil will slip. it's a big day for american airlines and its unions. a federal judge will determine if american is aloud to break its contract -- allowed to break its contract with pilots and union workers. in november american airlines parent company filed for bank result si and twitter users ran into trouble. the website experienced technical problems thursday after telling jurors the site was -- users the site was fixed, it acknowledged the problems were ongoing. they blame a cascading bug that's a software area take creeps in