if you go on the show floor here, amazon has a big booth for amazon publishing imprint. they're giving away a lot of galleys. they have a sense of citent around them, and it's not that the g puhen' itis a en ae ishing's biggest trade show in america. >> host: and, sarah weinman you talked about the publishers who settled with doj. are they the outliers, are they looked down upon by the rest of the dust bec t sed? ueitar s tharryidea a to why these three publishers have settled, largely to do with the expense of litigating. publishers may be beholden t their shareholders and to lger coorataim,utey't timne rrc thne enll d io oll litigating a case that will likely go on for years. in fact this may make the google book settlement in terms of time and money look like child's play. >> ht: sahei, e lk sallis re a bookexpo america, the industry's convention, and we've talked about e-books and where they fit when it comes to the revenues. overall, what percentage of reve fblrs om okgh n >>st ye in adblng houses and i'll colloquially use the term the big six and other larger and m

if you go on the show floor here, amazon is a big boost for amazon publishing.they are giving away a lot of galleys. they have in the sense of excitement around them. is this extra bit of tension that is added here at the publishing's biggest trade show in america. >> host: sierra why many talked about the attention that the publishers who saddled with doj, are they the outliers? are they look down upon by the they settled? >> guest: say. litigating. publishers may be beholden to their shareholders and larger corporate days but they don't have the time or the money to spend millions and millions of dollars litigating a case that in fact this may make the google book settlement in terms of time and money look like child's play. >> host: sarah wine meant we have talked to several publishers here at bookexpo america, the industry convention and we have talked about e-books. and where they fit when it comes to the revenues. overall, what percentage of revenues from publishers -- kos be if you are looking trade publisher houses and i will cloak will he use the term t

we've seen how successful crocker amazon has been. you go there, it's an incredible sight to see on a saturday morning. there are hundreds of kids that are there and i think beach chalet, i play there, played soccer there, played irish football there, it's a great facility. i think it could be used to its potential. we've got rugby and we've got lacrosse, we've got baseball, we've got so many sports that would benefit greatly to have the field astro turf'd. i know everybody's concerned about the impacts against the environment. i think golden gate park is a phenomenal place and down through the years it's kind of changed as the needs of the city have changed. it's constantly changing. so please accept the e.i.r. i think it would be a great benefit for young families and families with kids and they'll get great enjoyment out it. >> commissioners, steve kerrier. you've had a wonderful week, haven't you? >> yes. >> i'm president of the outer merchants and residents association and a few years ago i was chair of the crocker amazon crock a

. >> amazon can. if you look, there is an article this weekend. somebody had done a pricing study where walmart is 20% cheaper. they are doing the right stuff. we are neutral on target. it's one that we're warming up to a lot more. but walmart, i feel you get safety and a little bit of offense there. >> it was 20% on average cheaper at walmart. does walmart maintain that price advantage? does it mean paying out forever? you know what? we're going to flip a switch and cut our prices. >> they can. walmart's margins, amazon's margins are pretty low without doing that. hay are taking in other areas right now. they could do that. but time will tell if that continues for. >> we also want to talk about best buy. its founder richard shults is exploring taking the company private. it already controls 20% or so of the shares. what's the likelihood of this. is this possible? >> i like best buy. i think it's a tough deal. it could still be a big deal. maybe this takes less capital to get it done. i think there is

philip fearnside, a renowned amazon researcher, thinks the fishermen's assessment is realistic. for years, he's been studying the impact of building dams in tropical climates. >> the lower layer of water in the artificial lake no longer has any oxygen. that means all the roots, leaves and other organic matter decaying there aren't releasing carbon dioxide, because they aren't getting any oxygen. they're releasing methane. methane contributes much more to the greenhouse effect pro tonne than carbon. methane gets into the air both in bubbles on the water's surface and when the water passes through the turbines. that's never taken into account, but it contributes significantly to global warming -- there's nothing green about this energy. >> the area around the dam construction site will be greener, at least visually. the power company plans to plant seedlings on 600 hectares. we ask again how this power is green. >> the energy is considered clean because the process of generating it doesn't pollute the environment. there is an impact on nature, i'll admit, but the power generation

we travel to the amazon rain forest to see the impact. >> this could make a couple of hundred cars. demand is skyrocketing, especially in china. the bigger this mine gets, the greater the impact on the natural world. >> welcome to our viewers on pbs in america and around the globe. in tokyo square tonight, -- in tahrir square tonight, tens of thousands of egyptians are protesting against the sweeping new powers the military council has given itself, and its order to dissolve parliament. the continued unrest comes as the country awaits the obama results of the presidential -- awaits the results of the presidential poll with both candidates claiming to have one. i spoke to the bbc correspondent in tahrir square. when i spoke to you last, you could count them by the hundreds. now there are many, many more. what changed? >> it is about politics. this is a celebration by the moslem brotherhood, was say their candidate has won. even though is an extremely close race and his main rival, his supporters are saying that they won. it has also not just been a party for the past two hours, but a

amazon comes and says we need your content, for it. cbs says i'm willing to sell to amazon, i'm willing to sell to netflix but how much you going to pay me for it. that's where we are now. that's a hopeful sign. >> i was going to say, it seems to me that what apple did, what others are doing with apps, allows more options. people can do publishing for free which is great. people can do books if they don't have advertising on but sell, which is great. people can have a mixed -- >> when i did, in 1991, i came out with a book on television networks and at the time, broadcasters had one revenue stream, basically. they had advertising, then they sold in the secondary market, syndication, if they owned the show. now you think about it. if you're a broadcaster, you get money from -- you're going to get money from facebook, you're getting money from amazon, getting money from netflix, getting money from the studios, getting money from the cable channels which are running your shows in repeats. you've got multiple -- and you got retransmission

their data base all run out of amazon and they are having a power outage right now. they are aware of the problem and are working to resolve the issue. >> nim gists vying for a spot opt olympic team in san jose are said to be the most decorated in history of the sport. which makes selecting the team of five a very tough job. tonight we go inside the mind of one of the judges charged with making that call. as we see, the judge is looking for something you don't exactly find on a score card. >> every move counts. it is, after all, the olympic gymnastic trials in san jose. the final stop on the road to london. every olympic trial judge who sits in these seats watches and weighs each performance. former usa team competitor liz krandel is one of them. >> i am fair judge. >> by day job cra fl del is a coach in santa clara working to develop young olympic hopefuls. but by night, this weekend anyway, she is making decisions that can make or break these gymnasts' olympic dreams. >> we, as a country, are so incredibly gifted and strong right now, we could put up three differen

amazon has always added more to the products they have. could you see ad supports? price points? i think consumers would react positively. >> does that make you want to buy the stock more? >> it does, they're growing the competitive mold deeper and wider before. we don't see a company out there ready to catch up to them for what they can bring to the consumers. >> mark, do you like it at these levels. >> technically the charts are still bullish despite the under performance in the market. the stock has done well, if you look at the last few years, here is a stock since 2008 you have seen consistent higher highs, higher lows, the key thing is this stock pulling back this year to start off an early january, and since then it has been consistent outperformance since that time. one of the things that stick out is right after earnings the stock went up four times average volume. it was up 15%. in general it had little sign of deterioration, so despite the nasdaq being down, this stock has been up about 10%, and it should trend higher. >> i'll ask you both very quickly, d

hey, you know, if i go on amazon and amazon remembered that i was looking for a novel by, i don't know, he as michaels and suggests he might want to try been opry. isn't that just a kind of furtherance of the excellence of capitalism, isn't that something that we should all be applauding ? what was it that kind of first really kind of spooky about the net and what prompted you to ride a different kind of book than the ones you have written before? >> you're totally right that these tracking technologies started with amazon. remembering my credit card number, remembering what i like to, which is a real benefit to me, but then it got a little wild and terms of the type of targeting they did. imagine you're a 13 year-old girl and your feeling fat. you put in, you know, i'm interested in weight loss or something on google. now every place you go, movie time, feeling fat, you should take this. it's sort of psychologically harmful but also can be financially harmful, socially harmful. google admitted in 2010 that when young people were saying on a google chat room, you know, i'm thinking of

youtube, google, amazon, they are all platforms. netflix is a platform. and these platform companies are competing and diminishing the power of cable. and increasingly, traditional media wants to be on that platform and what kind of money will facebook offer me to run my shows. and that increasingly is a battle, i think, that's taking place. >> so the last of the great gate keepers, in a way, are the cable companies. they have some control of what gets from the curb side into your living room, you know. they own some of that pie. do you they that disappears in the next five years? >> it doesn't disappear because it becomes more commoditized. so cable programming companies, fx, amc, hbo become very valuable. and they can then sell that content to some of these various platforms. not just keep it exclusively. >> but will i ever be able to take out an ipad and be able to watch espn and cnn? >> you can now. >> not exactly. >> time warner will let you extent your subscription. >> go through the cable? >> if you were in the arab spring, you were riding around i

amazon is fwound update that. this is 199. not making money at $199 how much can google make on this. . how competitive is that going to be. they actually put more meat on the bones there. $15 $1500. you know, it's cool. but is it mass market cool? how much risk is google taking on here. >> i think the question is amazon has an eco system. it will promote shopping and reading. >> ways to subsidize the fire. when you think about it, they are putting a piece of hardware out there competing with their main distribution channel. when they really expect an droid to be on all sam sung tablets. >> that made more sense to me than the google part. when you buy an ipad, some 80% of folks are buying some sort of peripheral for it like a cover. it's not $1500 more when you compare it apples to apples. >> thanks so much for your reporting. >> we have found what may be the perfect investment for you. we will drill down on one sector that we have got our eye on. much more fast straight ahead. >> welcome back to fast money. we are live in new

a source says amazon have reached agreements with the four major record labels to provide music. security is tight in mexico as president obama and others gathered for the g-20 summit today and federal reserve at a three-day policy meeting starting tomorrow. stocks rose on friday on speculation the fed and other central banks will do more to help. gains for under armor -- and list of acronyms for high earners, not rich yet, earning between 100,002 $250,000 a year representing 90% of affluent customers. unity marketing tells bloomberg the heavy lifters are becoming more cautious and tighter purse strings will be bad for the overall economy. that is business at the new york stock exchange. back over to you. >> coming up, highlights of the orioles game. >> here is a look at last night's winning maryland lottery numbers. numbers. [ male announcer ] we have more than 3,000 daily flights on southwest airlines. and that gives our customers thousands of options to fly where they want, when they want. fly nonstop service from bwi airport to greenville-spartanburg and charleston. book all

>> i'm so glad you asked about amazon. spontaneous pro-amazon burst this morning on squawk on the street. look, does anyone watch this stock? this stock does not get hit. on good days it goes up. on bad days, it doesn't go down. my thinking is this is a stock that is telegraphing a really good quarter coming up. i want you to own amazon. both fedex and ups could bring profits to your door. it's entirely possible. it just depends on what you're looking for. if it's short term you've got to look to fedex. but if it's long term, ups is signed, sealed and delivered and it's yours. stay with cramer. >>> coming up, ride the lightning. take a nonstop thrill ride as cramer goes stock after stock. all your calls taken rapid fire on "the lightning round. and later, technical buy? commodities have been falling off a cliff. but are the technicals indicating it's time to get back in? or is it still best to stay away? cramer is going off the charts to find out. all coming up on "mad money." >>> it is time for the lightning round. buy, b

i should point out this is video of an amazon warehouse, but not the amazon warehouse.e target of a newspaper expose that said temperatures in the distribution center would get so high that the company had ambulances ready in the parking lot. >>> and reports yahoo has hired a new executive search firm to find a ceo to replace scott thompson. this man is the interim ceo. insiders say he's likely to be tapped as the likely ceo. one quoted as saying it's his to lose. which given yahoo's history may be the most appropriate quote ever. >> it'll be interesting to see who will move in to take those reigns next. >> an adventure at yahoo. >> hey, adventure in the weather/traffic center today. >> that's right. weather and traffic together. good morning to you. the good news is, we don't have any major weather that will interrupt your smooth drive this morning. no fog to report. and we're looking really good across the board. nice clear conditions courtesy of the showers that came through. and we have some wind, which is preventing that fog from settling in. today works out like t

. >>> he devoted his life to protecting the amazon. they say that's why they killed him.ut their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabe [ male announcer ] glucerna hunger smart. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy futur

. >> if you think amazon is cheaper, think again.t a wide range of items 20% more expensive at amazon compared with walmart. some items, amazon charged more than 60% on food. best buy is ready to tackle showrooming. that's when we go to stores to look at night and up close but only to buy it later on line. best buy wants to train employees so they get customers to better understand the products they are looking at rather than letting them walk out the stores empty handed. your boss on a caribbean vacation again. the recession caused many employees not to take time off. bosses are finding even more time for a getaway then their workers. 81% of managers have taken time off or plan to take a vacation this year compared with 65% of full-time workers. that is business news at bloomberg headquarters in new york linda bell reporting for abc 7 news. back to you. >> thank you. we are happy that you made it back in one piece. yesterday this guy was rappeling from the hilton hotel in crystal city. >> it was a little intimidating at first to loo

online mega store amazon also enjoys sales with its kindle released last year. analysts say google's aim is to build sales into the lower end of the market first. google's tablets hit stores in the u.s., canada and the uk in mid july, although a japan release is yet to be announced. but experts predict the number of japanese users will grow rapidly pushed by the spread of digital books and other popular applications. >> translator: mobile phones are a bit too small to read on. but it's too much trouble to start up a computer every time. tablets have potential in japan. digital books will take off in japan this year and awareness of tablets will increase. tablets' share of the world pc market is expected to grow to about 10%. i believe it's going to be a good segment. >> reporter: japanese consumers will be hoping the google tablet is worth the wait. >>> now let's take a look at the market figures. >>> a fashion trend born in japan is catching on abroad. it's inspired by school girls and the uniforms say where -- an iconic one is found in films on tv and in comic

acai trees are grown in amazon's basin. they're cultivated for their fruit. to revive the rich forests of amazon, the farmers are planning bannaannaana and pepper in one . it's grown in a town founded by japanese immigrants. the fruit is shipped out. they now ship about $5 million u.s. dollars worth of the pulp every year. around 30% goes to japan. acai is popular in many countries recently. farmers have developed new cultivation methods. instead of only growing 3 tivaty of crops by their land. this is known as horticulture. they adopted this approach after other methods failed. japanese immigrants first arrived here in 1929. initially they grew black pepper. it came to be known as black diamond for the price it commanded. however, in the 1970s disease hit the pepper plantations, devastating the crop. the town faced a crisis. noda remembers how serious it was. >> translator: we lost our pepper crops and were left with debt to repay. for the farmers the future looked bleak. >> reporter: the farmers realized it was too risky to depend on a single crop, so they

for me, crocker amazon has rekindled my love of the sport. playing on the turf, under the lights, as an adult. i am hopeful that one day this project would go forward and i will be able to stand on the fields with my children, and tell them how important it is to stand up for what you believe in and positively affirmed what you believe is a good thing. president buell: next speaker, please. >> i live in the sunset area. i am a lifelong soccer player. i decided to come out and speak for the turf field. i think it is a great thing that south sunset and amazon are turf fields. our group grew from six people to 145 people in two years. it helped a lot of new immigrants and adult players. we have been able to mix into the society. i am a certified professional in leed. i heard a lot about toxic materials, this and that. the fact is the most toxic thing is disinformation. if you pick the right material, i think the clean building council is not as people describe. it is good for the water and preservation, which we are short of. i think it is good

things like food amazon is almost 60% more expensive. foreclosures may be getting big checks. banks including chase, citigroup and bank of america will be paying out as much as $125,000 to customers who got foreclosed on when they weren't official fully default. moody's downgrading credit rating on some of biggest banks. citing concern over exposure to volatility in the global financial markets. at the new york stock exchange i'm jane king. >>> vacation fund for a school bus monitor in new york who was viciously bullied by middle school students has grown to nearly $400,000 this morning. the fund began after this video of the bullying hit youtube. 68-year-old karen klein subjected to verbal and some physical abuse. the students taunted her about her relatives should kill themselves because she is so fat. turns out her son did commit suicide 10 years ago but she didn't give them the satisfaction of breaking down. >> i didn't get angry. i just tried to ignore them. just look out the window of the bus and say bye guys. they just kept -- >>

it's expected to compete directly with amazon's kindlefire. google's announcement comes a week after microsoft announced its own tablet. >>> the star recently told "alleges hollywood" she's going in hiding after the big movie premiere. the movie hits theaters july 5th. she recently wrapped up a tour that included 124 shows. she also recently called it quits with her husband russell brand. perry says she needs a hiatus to relax and regroup a bit. >>> and give her hair a rest. it's been about every color of the rainbow. >>> coming up rielle hunter says we shouldn't call her john edwards' mistress. john edwards' former mistress has revealed the couple are no longer a couple. rielle hunter made the admission during and the word mistress never applied to her anyway. >> reporter: in an interview on "the view" edwards' former mistress said they are no longer a couple. >> you have broken up. >> yes. >> why did he want it over. now you can settle down. >> you'll have to ask him that. i can tell you my reasons, because i don't want to speak for him. for

online megastore amazon also enjoys solid sales with its economical kindle a -- released last year. analysts say google's aim is to build sales in the lower end of the market first. google's tablets hit stores in the u.s., canada and uk in mid-july although a japanese release is yet to be announced. but experts predict the number of japanese users would grow rapidly spread by the use of digital books and other applications. >> translator: mobile phones are a bit too small to read on, but it's too much trouble to start up a computer every time. tablets have potential in japan. digital books will take off in japan this year, and awareness of tablets will increase. tablet's share of the world pc market is expected to grow to about 10%. i believe it's going to be a good segment. >> reporter: japanese consumers will be hoping the google tablet is worth the wait. misato ishikawa, nhk world. >>> the new president of panasonic says the company will reform its core television production line to make them more profitable. the japanese electronicsmaker posted its worst loss in the fiscal year

i live in district 11 which is home to the crocker amazon play fields which you heard a lot, quite a bit about today and hopefully soon the levy ward fields. these are going to be synthetic fields. the community wanted those fields and that was their desire. however, after seeing the reviews about the beach chalet i'm more and more convinced that this is the wrong location for synthetic field turf. it goes against everything with golden gate's master plan and the feeling in the communities around the park that golden gate park is special and does not need to have synthetic fields. we don't know enough about these fields yet. we've got 10 years, less than 10 years under our belt learning about how these fields are good going to be react and whether we're going to need more funds to keep them in shape. whereas with grass, by renovating the beach field with grass we have the opportunity to do all those wonderful amenities, the bathrooms, all the parking, the issues that other people brought up that could make this a classy field for everyone to use if down the road soccer is not the mai

she has broken amazon but it's not so far broken.le wants to sign an agency agreement which brings with it all sorts of legal issues as i'm sure you're aware. >> how important has the harry potter franchise been? >> massive. it's grown and encouraged younger people to read. >> i think it's encouraged older people to read frankly. >> and it's shown publishing can be front and center of the media industries. for a long time the harry potter book for childrens and teenagers and adults. that is the place to be. >> michael? >> you hit on a great point because my kids loved the harry potter series and they started reading them when they were quite young. i've noticed that the trend is back towards reading, the younger people are reading again, but they don't read books. they read on the ereaders. i read books because i'm technically challenged so i can't get those ereaders to work. you think that because of the harry potter migration to the tablet format and the migration in general of publishing to that format that printed book is sort of

amazon is teaming up with m.g.m. studios to add over 18,000 movies and tv episodes to its streaming platform called prime instant video. movies such as "terminator" and "rain man" will be some of the titles the partnership will use to compete with rival netflix. amazon has been spending heavily to beef up its online video business. the s&p 500 could find a solid direction for much of the session, shrugging off the drop in may retail sales. but at 2:00 pm eastern, the index began sinking, and continued falling with a small bounce at the closing bell. the index finished down 0.7%. volume was lower. 703 million on the big board. just below 1.7 billion shares on the nasdaq. nine of the ten major stock sectors registered losses, led by the 1.5% drop for consumer discretionary and material sectors. the energy sector was off by 1.1%. among the worries today: a dow jones report that greek banks have seen customer withdrawals rising as sunday's election nears. closer to home, american express said the growth of its customers

remember anonymous the high power internet hacking collective that has taken down company sites like amazon master card and visa well despite its hacking success the group still remains a mystery so where do they come from and what's anonymous is and game and later america prides itself as a nation where quote we the people can govern ourselves through vote unfortunately conservatives didn't get that memo we'll explain the conservative assault on democratic voters in tonight's daily to. this week you hacktivist collective known as anonymous began a campaign to expose and shame suspected pedophiles who use twitter to prey on underage children already hundreds of twitter accounts of suspected pedophiles have been outed alongside a threat by anonymous warning quote you mess with our children you mess with us. anonymous says it released the names and hopes that twitter will do its part working with law enforcement agencies to enforce its own network and crack down on child pedophilia in recent months anonymous has been instrumental in breaking up child pornography rings on the internet just lik

amazon, youtube with clips, being on the web and even this past about two weeks ago we bought a company that distributes short form content but had 100 million streams in a month. and so when you see that be kind of behavorial change where people are consuming content on platforms that never existed before, it comes back, we think to that basic theme of quality content, great characters, great stories, and if you're in the content business, then you could participate in the value of all of that. >> we were joking behind stage that you know when everybody's watching. even though you can't always say because of the privacy concerns. but you know at any given moment. >> i think in some way it's the same and some ways it's challenging. we often make fun of the cable package. seems like ab old thing and it's not moving forward. it's important to remember that close to 90% of the homes in america subscribe to mull channel tv to that package. either from cable or satellite or telephone. there aren't any products that that many people subscribe to or buy. so it's a very powerful thing. i think

using amazon's kindle. a five-year contract with amazon worth more than $60 million in false as many as 35,000 of the e-readers. they would be used to stock libraries around the world. the ipad offers unnecessary functions and fell short on better requirements. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> no real shocker -- college tuition costs continued to rise. >> not what any parent or student wants to hear. this is college loan debt -- this as college loan debt continues to mount. and a recall for the honda civic. >> thank you. 5:23. 69 degrees on tv hill. >> the incoming superintendent for howard county is getting a jump on the next school year. [ 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! >> a mild winter means an early start to summer camp. students are al

you have amazon some would argue fighting for its life. is it going to have a decent life?rket cap is about $1 billion, trading at about five, six times a depressed cash flow. so there's very little expectation in the company. secondly, the numbers are very, very hard to understand with the way they allocate their costs. they should be reporting numbers tomorrow. they have a new cfo who is experienced with spin-outs and hopefully they'll provide some greater clarity so people can get their hands around the numbers. if you're a tech investor, you might be interested in the nook, you are wouldn't touch the book stores. if you're a value investors, you would be interested in the book stores and wouldn't touch the nook. >> thank you very much. we'll be looking forward the announcement, i think it's going to be a 6:30 p.m. announcement. >> nick wallenda became the first to walk a tightrope across niagara falls. >> it's not the only event going on in niagara falls. the town is hoping to help college grads get out of debt. if you move to niagara falls, they will help you pay off c

amazon's kindle is the &pbest--eellng brand... but ttwo new ones break new ground, including a latest nook from barnes & noble. as tom rodgers explains... consummr reports tested these and dozens oo other e-book readers to help you make your choice. 3 ((tom on cam))the kindle e-book reader from ammzon has been the market leader for a long time.(sot)"what's wonderful about the kindle is phat you can have 20 books, and you can read whatever yoo're in the mood to read." (v/o)but there's a new chapter being written in the world of e-book readers..p until now, you've basically had two choices - a black-and-white e-ink e-book reader that lacks a built-in llght, or a color reader with a backlit lcd screen. but both have drawbacks. in consumer reports' tests, e-ink readees perform better in bright light - best for reading outdoors. but to read in the dark, you need to attach a book light. for reading in the dark - no - light needed - but in bright light these have trouble with glare and washout. other issues?(sst)"an lcd screen makes batt

there is amazon pushing for other device-relate prod ducts. big battle going on. live back to you in the studio. >> and there are tab blet thumbs up. what is going to wear the glasses? they look cool. what they do is cool but i'm a dinosaur. >> and there is -- they look good. >> oh, this day is looking good and there is nice from coast to inland. nice, warm. there is a live view from our camera looking down onto the bay. there is richardson bay into greater bay there is blue skies above what more could we ask for? and let's keep it this way. we're cloud free at the moment there. may be coastal clouds coming in but at the moment it's sunny and temperatures are on the warm side. 88 degrees in fairfield. 87 in concord and there is 63 here in san francisco now. 82 down down in los gatos, 59 in half moon bay. highlights, patchy clouds are likely overnight. and there is slightly cooler into weekend there is a high pressure still the dominant feature and a quiet pattern steady, stable. no wrinkles into this atmosphere, we might see coastal clouds developing, then, pull b

this is a clinic set up by remote area medical, a charity founded to bring doctors to the amazon, but now it's a lifeline for the uninsured here at home. >> you drove 200 miles to get here? >> yes, sir. >> and slept in this parking lot for seven or more hours? >> yes, sir. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at the hard times faced by millions of americans during the economic downturn. we begin with american families falling out of the middle class. the combination of lost jobs and millions of foreclosures at the end of the first decade of the 21st century saw a lot of families homeless and hungry for the first time in their lives, and as scott pelley reported in march of 2011, one of the most disturbing consequences of the recession was the record number of children descending into poverty, the largest american generation to be raised in hard times since the great depression. >> in seminole county, near orlando, florida, so many kids have lost their homes, school buses now stop at dozens of cheap motels where families crowd into rooms, living

paid television channels like hbo, telecommunications cable and slight providers and retailers like amazon, best, blockbuster, netflix and walmart and gaming systems like playstation and xbox and new ventures like crackle and hulu. finally, mr. chairman, a word about port ability. simply put, today audiences want the convenience to access the content they purchased on a variety of devices without having to buy the same thing twice. we're delivering to that promise. this began a few years ago as our company started to include with many dvd and blu-ray disk titles a transferable or downloadable digital copy for consumers to use on their computers or their portable devices. now there are a variety of ways to buy once and play everywhere. one exciting innovation comes from the digital entertainment content system which is a consortium of more than 60 studios, retail stores and technology firms that created ultra violet which is a cloud-based digital storage locker for consumer content. it works like this. when a consumer purchases ultra violet media such as a blu-ray or dvd or internet downloa

and how much a company can start selling one thing online, in amazon's case books, and continue and end up selling practically everything online. i was listening to jeff beesios at a microsoft confer

he was a cowboy in the amazon and then, incredibly, he was discovered by tv's wild kingdom.t daredevil. >> it took only a moment for the situation to totally reverse itself. >> brock is devoted to r.a.m.-- completely devoted. he has no family, takes no salary, has no home. brock lives in an abandoned school that the city of knoxville leases to r.a.m. for a dollar. until recently, he took showers in the courtyard with a hose. when we see what we've seen over the last weekend, how do you pay for all of that? >> in the first place, we really know how to stretch the dollar. we operate entirely on the generosity of the american people. >> r.a.m. operates on a shoestring, about $250,000 a year. what have you accomplished today? >> well, we basically had 600 or so people that have arrived here overnight, and we were able to do just about everybody. i think we may have turned away about 15 people who are gonna come back tomorrow morning anyway. >> the next day, sunday, there were hundreds more. tickets started again with the number one. but now, the doctors were racing time. in hour

increasingly, google like apple or amazon or netflix is going out and buying special content.[inaudible] >> well it does in one sense. it makes an it important. on the other hand, the user gets to vote. which they didn't have that same capacity in the digital world. >> i mean i think content clearly has a great deal of power. you can see some evidence that content's powers outlasting some of the platforms that came before. cable television is a really interesting situation. i don't presume to be an expert, but if you think about what cable television does, cable television charges 130 bucks a month to deliver a whole bunch of content that you are not actually consuming and you can buy on line just the espn that you want to watch urges the cnbc want to watch for five or eight or 10 bucks a month. you just have the content you want and anytime there is this kind of anomalous situation where the amount that you are spending is actually more than what you're getting for that technology has a way of compressing it out. i think that platform is facing some challenges and maybe it's