i think apple closed the gap to android funds with the big screen. ink the new iphone will not be quite 4.3 in., but i think apple will come in with a 4 in. screen. the release date, the dresser is september 21st, nine days after the event, but who knows? it may not hit the shelves until november. a expected to run on at&t, verizon and sprint, but will they at t mobile? that would be huge news for two mobile. lastly, the biggest draw more of all, the new-line fog might come with a smaller dock club. this would be extreme change, every accessory and case, every torture, speaker, alarm clock would become useless with the new iphone and its smaller and the connector. be sure to tune into kron4 next week for all the news from the apple of bed. >>pam: a movie licensing deal says that netflix -- sent netflix stock plummeting. stocks fell 10% after amazon announced a licensing deal with a cable channel that owns the digital rights to many paramount, mgm and lions gate movies. >>pam: those movies include hits like the avengers, a hundred games and true grit.

apple's stock closed today more than $700 for the first time closing at $701.91. is is a big week for apple. on friday, the iphone 5 goes on sale in stores in and tomorrow, the new operating system for apple iphones is not as if it will be released. is up degree as an exciting new features. gabe slate the access of the debt apple's new operating system. >> the iphone 5 has dominated headlines. sphere if you aren't getting a new-line phone there is still something to look toward to. staff then that the initial yield one more thing. >> a lot of people have been waiting for this. a big change coming for fees time. what happens if you're somewhere where there's no wi-fi siri if we are enabling face time over cellular. >> it has a 3d math behind it renders in real time. >> they were hall of justice was evacuated this morning after a bomb threat was called in. five sheriff's deputies in hayward police were called in today just before 10:00 a.m.. police say they searched the building and found waldbaum's. people were eventually allowed to re-enter the building. one firefi

. >>> new tonight at 11:00, apshares closed -- apple shares closed at an all-time high today.re up 2% for the day, closing at just under $683 a share. this year, apple shares have gone up more than 66%. >> you can preorder the iphone 5 starting tonight at midnight. save up to 35% on a huge selection of clearance mattresses. get 2 years interest-free financing on tempur-pedic. sleep train's inventory clearance sale is on now! ♪ your ticket to a better night's sleep ♪ >>> there were 85 homicides last year in oakland. there have been already been 103 homicides so far this year. city leaders unveiled a new strategy to combat the rise in gang violence tonight. dozens came out to learn about this new plan. if features a collaboration between the city and faith-based organizations. the plan is modeled after a plan in boston which officials say reduced crime there by 70%. step 1 begins with a night walk starting tomorrow where ministers and other residents will reach out. >>> police caught an armed burglary suspect after a seven hour standoff. police believe he was hiding inside a hom

. >>> on the bright side, apple closed above $700 for the first time. >>> some good news for the housing sector. home builder sentiment rose for the fifth month in a row in september to its highest level in more than six years. >>> yahoo sold half its stake in china's alibaba search engine giving it $3 billion to return to shareholders. >>> and speaking of dividends, alaskans can look forward to $878 each this year as part of the state's oil wealth sharing. however, it doesn't amount to much if you live in remote fort yukon. $878 will buy you just about 59 cans of coffee. better than nothing. >>> well, coming up, the marlins win in extras, a grand slam in michigan, and saying good-bye to a sports casting pioneer. >>> plus one angel drops in on some fans while chasing a home run. your early morning sports headlines are straight ahead. >>> and the rain is clearing out across the east coast. the rest of the country enjoying a lot of sunshine. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, the milwa

. >>> apple closed above $700 for the first time. good news for the housing sector. sentiment rose to the highest level in more than six years. yahoo! sold their stake in the search engine giving it 3 billion to return to shareholders. speaking of dividends, alaskans can look forward to $878 each this year. it's part of the oil wealth sharing. it doesn't amount to much if you live in the remote area, ft. yukon. 878 bucks there will buy you 59 cans of coffee. it's better than nothing. >>> marlins win in extras. a grand slam in michigan and saying good-bye to a sports casting pioneer. >>> your "first look" at sports is straight ahead. you are watching "first look" on msnbc. t drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! i want healthy skin for lif

. >>> shares of apple closed at $691 today up $8 for the day and setting a new all time record. earlier in the day the stocks traded higher at almost $697 a share. >> caltrans is preparing for work on the highway 4 widening project that will close the freeway in both directions. crews will shut down the westbound lanes saturday at midnight until 6:00 a.m. sunday morning. the eastbound lanes will also be closed sunday from one to seven. a detour will be set up through surface streets and caltrans said expect delays. >> a ruling from the state court likely spells the end of a recycling center and urban garden in san francisco. the nonprofit council has been leasing city owned land since 1974, long before curbside recycling. city officials say it's now obsolete and won't renew the lease. >> this decision was made after years and years of complaints from residents about the noise from the recycling center. >> two days ago the neighborhood council lost it's court battle against the city and now has until october 1ers to pack up and leave. the city has plans to keep it for community g

apple closed just under $700 and has been trading above that level after hours. . >>> in a broader market, stocks some of the recent gained back. dow industrial lost 40 points. nasdaq fell 5. weak manufacturing numbers contributed to the slide. . >>> google is upping the ante against facebook with a purchase of photoediting and photosharing service. the company said today it snapped up from san diego based. no word on the price but analysts say it could fire up competition between google plus and facebook with snap seed going head to head with facebook's instagram. >>> a bay area analyst today placed unrest and economic problems far from home for elevated gas prices here in the u.s.. according to triple a the average price for a gallon of regular gas nationwide was 3.86 today. that is up 14 cents from one month again. the uc berkeley economist says the spike in prices is due partly to supply concerns. >> the situation in the middle east, the potential for problems in the united states leads to another recession and probably the greater potential for major problems. . >> said one factor in

. >> susie: apple closed the week on two high notes. its stock hit an all-time high today: $691 a share. and a u.s. trade judge said the company didn't violate samsung patents in making its ipod touch, ipad, and iphone. with so much sweet news juicing up apple, it's no wonder investors are gobbling up appl shares. but are investors taking too big a bite of apple? diane eastabrook reports. >> with stoke neither $700 a share, it's no apple is the apple of the investment world's eye. according to "morning star" the maker of iphones and ipads is held in more than 5,000 mutual funds, closed end funds, and exchange traded funds. among the largest holders, fidelity contrafund, vanguard total stock market index, and power shares qqq. that means if you don't own apple outright, your 401(k) probably does. so how much of apple can be too much of a good thing? shannon zimmerman, "morning star's" associate director of fund analysis says that depends on your risk tolerance. >> it's a different way of thinking about it, certainly in the world of mutua

♪ your ticket to a better night's sleep ♪ watching apple closing above 71 yesterday. launch of the iphone 5 the expectations are for 6 million units of the phone. we will wait and see if that happens. that will be a good indicator if apple will stay above. new developing story a fire broke out just after 430 this morning inyoloy court. firefighters still there. what's the latest? there's a fire truck leaving the scene followed probably by another a few moments from now. the fire department got here very quickly it did not take long to put the fire out. here is fire. video from the fire. it started on the second- floor unit. a woman had to escape by climbing out of the window and climbing onto the roof top. the san jose police department got here before the fire department. they got her down using their own ladder. everything is destroyed and they cannot go in there at this time. she suffered a minor injury, she is being looked at right now by an ambulance worker. a firefighter on the scene was injured by getting too close to the flames. fortunately everyone managed to

apple's stock hitting a new milestone close above $700 a share.pany announced yesterday that orders for the new iphone topped two million in just the first 24 hours. david: to put it in context, the phone accounts for 2/3 of the company's profits. is it all priced in at these levels? sandra smith is looking to answers for this. sandy. >> 51 analysts that cover apple shares say absolutely not. you would be hard-pressed to find anybody who is willing to step in front of this train right now. as of the close of trading today. look at this. we have a full screen that shows you average analyst recommendation. even with apple closing at 700 as a buy, 38 out of 51 brokers have a buy rating. zero had a sell rating on it. average price target of all 51 analysts, 781.50 a share. another $81 gain from where it is. here is what is key. it is still cheap. price-to-earnings ratio on current earnings estimates is still under 16. 15.6. that is considered very cheap in the investing world. a lot of folks are calling for higher. big upgrade from bank of america mer

apple closed just under $700 yesterday. restoration hardware is going through some changes. they have been revamping their entire look to become a high-end furnishings store. they're read branding its name , r h is the new name. shares of its wall street does not like that kind of news. amd is low by about 4%. the dow is lower by 18 points, nasdaq off by three and the s and p is dropped three points. >> time now for a look at what is coming up on cbs this morning >> mitt romney is not making any apologies for the video where he says almost half of all americans believe their victims entitled to government support. we will ask the man who ran john mccain's presidential campaign about the impact this new controversy might have on the race. also, the ceo of ford, how his company has thrived without any bailout money. the new car he calls the most fuel-efficient midsize sedan in this country. >> is 650, let's get a look at the weather once again. >> around the bay area today we have low clouds and fog that have moved well on shore. it will take some time for it to break up. memb

neil: apple closing at an all-time high, spiking above $search an hour a share in after minutes, twolion reasons why, i think that the judge told the governor to take a walker. the walker administration is appealing, to lieutenant governor rebecca on what the state does now. good to have you back. i raise this issue governor, with governor walker about prospect of unions not giving up, this was at the time of the recall election, i want to talk to but this, union chieftains have said they have a mark on you, they will never let go, how do you feel? >> sometimes that the price of taking on ouing on courageous so move your state and couldn'try forward. neil: now what? >> i think it was a desperate attempt to thrust the municipality counties and school districts of the state into fiscal chaos, it was a irresponsible decision, we're hoping for a stay, we hope a constitutional reform-minded law, stays as the taxpayers and hard working families of wisconsin have over and over and over again said it should. neil: you know what i find interesting about this, that whether you are on the lest

apple close to 700. yeah, that may sound pricey but we are going to show you why apple may still be a bargain buy. >>> if you're worried about your retirement, please, sit down. new guidelines might just send you over the edge. we will tell you exactly how much money you need to have to retire. >>> the down and dirty truth about america's jobs crisis. the dirty jobs guy himself, mike rowe is here, he will tell you why it is time for all of us to get our hands filthy. >>> and zombies r us, the one-stop-shop for all your zombie needs. mandy will be back tomorrow. get jackie deangeles for your market headlines. >> markets slightly lower at this house, uncertainty over europe and lower profit forecast from fedex impacting momentum today. doubt teetering between positive and negative territory. keep in mind it has closed lower only three times this month. mean time, the s & p lower, retreating from the 4 1/2-year high it reached just last friday of last week and the nasdaq trading in a tight ten-point range t

and apple closing above $700 for first time ever.apple up more than 19% over the past three months. with those numbers it starts to show up, the most valuable company in the world now with a market cap of 658 billion. can you hear a trillion? >>> microsoft announced it is raising its quarterly dividend 15%. shares sliding in after-hours trading however. >>> goldman sachs announcing its chief financial officer is retiring at the end of this year to be replaced by charles schwartz, the global head of securities. >>> joining me, john silvia, chief economist at wells fargo. john, good to have you here. let's get right to it. this market is making some mysterious moves. what do you divine what is going on after ben bernanke said, here's the money? >> well the market responded initially to the liquidity the fed was going to provide in the marketplace. lou: endless, infinite. >> qe inifiti, yes. all right. but the second problem is, you have have real economic growth to justify the earnings and earnings estimates and think what you've seen

closing high. google, maria and scott, has actually outperformed apple so far this quarter.stocks trading at better than average trading volumes today on this quadruple witch. back to you. >> bertha, it has been quite a run for shares of google over the last couple of months. >>> to a story every investor should pay attention to. morningstar has found some mutual funds are making themselves look better in today's tough market environment. what's the secret to their success? >> might not like the answer. seems some fixed income funds are riskier and measuring their performance against the benchmark made up by safer investments, thus giving a lower return. so it worked out this time. a dangerous game because fund investors looking for safety may actually be in riskier funds than they realize. joining us now to talk more about this is jacob wolfowitz and scott kimp ball also joining us who runs a corporate fund who says the investor must be the ultimate check and balance here. gentlemen, thanks for joining us. >> thanks for having us. >> let's talk what's behind this. for start

apple stock closed shy of the $700 mark yesterday, up.ent above $700 in after hours trading. 700 club is exclusive the stock is getting a huge boost from unveiling of the iphone 5 this friday. >> reporter: iphone 5 fever keeps building, apple says preorders topped two million in 24 hours. more than double the old record set by the 4s and many who preordered won't get their phones until next month. some using instant messaging service reporting problems, including messages delayed or lost on the heels of the icloud outage that left users without e-mail for a couple of days. jetblue getting ready to launch free wifi for passengers early next year. all the news that is fit to stream starting today internet archive will put all tv news shows produced since 2009, 350,000 programs on its site. >>> google opening up wall let to compete with facebook -- wallet to compete with facebook and instagram. purchased nick software. facebook completed purchase of instagram last month for 715 million dollars. no word on how much google paid for nick softwa

. >>> apple shared closed at $701.91. >>> san ramon based chevron is being fined more than $17 millionby brazil's national petroleum agency. chevron and the drilling company transocean are also facing civil and criminal lawsuits. >>> contra costa public health crews will be out once again tomorrow morning killing mosquitoes that carry west nile virus. insecticide spraying will start at dusk tomorrow night in antioch and will last until about 11:00. the map you're looking at here shows the area to be sprayed north of highway 4. contra costa county confirmed its first human case of west nile virus one week ago. >>> the look of the bay bridge at night is about to dramatically change. in march 000s of cable mounted high tech led lights will illuminate the bridge when the sun goes down. you are seeing an artist animation of what it will look like. in all, 25,000 lights will be firmly attached to 300 vertical cables on the bridge. total cost $8 million. >> people are going to see wow, this is a beacon for san francisco throughout the world put in the context of art. >> the lights will gliste

and there is wait time of two to three weeks online this, is leading to another big day, apple stocks closing $699 a share. and and the big sales are good news for apple and may turn out to be a headache for wireless carriers that have to pay subsid yeez for iphones so.d google acquired nik software to make an app called snap feed. and there is mobile company square bringing in major money, closing in $200 million funding round. and there is todayack may not sell its bank ruping filing and considering alternatives to selling, initial bids at well below $2.6 billion kodak hoped for. they were planning using those proceeds to pay off its credit tores and a little fight between two gaming companies. zynga filing a counter suit against electronic arts claiming they tried to stop employees for leaving for zynga and claims a copy right suit has no merit and is kusing of infringing of its sims social game. stocks fell as the european finance chief dmot come to an agreement. and the manufacturing index slumped. your bloomberg silicon valley index closed higher with shares of apple and ebay helping na

this announcement by apple is being closely watched. all because apple's iphone continues to bring customers back, users that just keep coming every year for the latest and greatest. >> i think i'm gonna get it immediately. >> i don't use one but i'm on the verge of getting one, because everybody else has got one. >> reporter: the big question is, when can i get it? well, preorders start this friday. they start shipping next friday. it is apple's fastest roll-out ever. >> they tell us the iphone 5 did blow them away with a radical new design. but maybe it didn't have to. >> what you saw today was a manifestation of apple saying we're going to continue to do what we do until we feel we have to act otherwise. >> tech experts we talked to say that apple is still ahead of its competitors in the smartphone field. the company could sell as many as 10 million of the phones before the end of the months. apple stock rose more than nine points today. apple's latest iphone could set the stage for a flood of e- waste as consumers replace their old p

. >>> apple shares closed at an all-time high yesterday one day after the company unveiled the latest edition of the popular iphone. this is the iphone 5. a.m. shares have gone up more than 66%. and industry analysts believe that apple's device will be the best selling smart phone for all time. preorder sales started overnight at 3:00 in the morning. it goes on sale in stores september 21st. >>> washington d.c. tops the list of the most popular cities to not only move to but move out of. this is according to a new report bayou nighted van lines. the nation's capitol saw the most moving trucks coming in and going out. the study looked at moves during the peak seasons of may 1st through august 31st. chick which can was on the list of the most popular cities to move in and out of. >>> here's what we're work on for you for "good morning america" at 5:00. an apartment complex in east baltimore said if you have got a pit-bull, you got to go and one man is taking legal action. >>> one important factor in losing weight is obviously your diet. so we'll tell you the best foods to lose those pou

apple stock closed at another all-time high today on a gain of $8 a share. there is more than $30 a share since tuesday. >> hewlett-packard plans to take on apple as well as samsung but is there room for another competitor? david louie takes a look. >> the smart phone market is crowded giving consumers plenty of choices. hp says it wants to jump back in, acquiring palm two years ago and then, dropped out of the market. ah's ceo was asked on fox business network if she likes the maker of the black berry to help accelerate entry into smart phone autos we've got to try to create our own device. >> that suggests hp might use web os operating system putting it in competition with apple's ios and google's android. >> i don't know if there is room for a fourth brand. >> and we're going wait and see there is apple and there is research in motion in, trouble. >> the market could use another leader and going to come in to take control. hp could be that company. the smart phone would have to be cool. many give employees a choice of models or let them use their own. >> i

. >>> apple stock came close to the $700 mark and top $700 in after hours trading thanks to the new iphone 5. it doesn't even hit the stores till friday but people already started lining up what was grandma's cold remedy? hi, primo! asopao! right, asopao! there you go cuz, so you can sweat it out! oh, and music... ( all ) music? ... heals the soul. the power to share unites us. verizon brings your entire family the savings of the share everything plan. unlimited talk. unlimited text. and data you can share with up to 10 devices, all in one plan. get the 4glte droid razr by motorola for $99.99. verizon. >>> republican presidential candidate mitt romney is on damage control tonight in southern california after he was caught speaking to a group of wealthy donors saying half of americans believe they are victims. he responded to the comments tonight. >> it is not elegantly stated. i am speaking off the cuff in response to a question and i am sure i could state it more clearly than i did in a setting like that and i am sure i will point that out as time goes on. the president's approach is attr

the dow closed down 40 points. apple's iphone 57 s sales record . smart phone received 2,000,003 orders in 24 hours of availability. the figure is double the previous amount sold by its predecessor. the iphone 4s. shares of apple sold -- closed up more than 1% to muscling a record high. the former ceo of peregrine financial group has been found guilty of embezzlement and mail fraud. still more than $100 million from customers of his now-defunct futures brokerage. a court has ordered him to remain in jail as he awaits sentencing. now to our top story. earlier today, oil prices took a stunning 3% dive in less than a minute. the plunge track that down spots and u.s. dollar and other commodities. investors and traders are scrambling to figure out exactly what happened. the cftc now says it's looking into the sudden drop. joining us from the cme, help us make sense of all of this. the senior vice-president with tram. thank you for joining us. i saw this move happen, and it was across the entire oil complex. what do you think happened? >> i think it was d

apple. stock closed just shy of the p00 markup $8.50 a share and higher in after hours trading. it's because of the unprecedented demand for iphone 5. and people are camping out for the phones release on friday. and and google buying a software company called snap seed, the answer to facebook's billion dollar purchase of instagram. >> this expertise could be soon saving lives around the world part of a program training surgeons in technique that are practical as well as advanced. the surgeons crowded into this training suite at the trauma institute and his clinic treats victims injured by everything from car accidents to roadside bomb autos this building for victims and we're receiving mostly more victims. >> today the doctor and 50 other surgeons have around the world are learning advanced techniques foreclosing wounds and ultimately lives. >> to manage these wounds as best as possible and close them, these people need to have what we call flaps. meaning taking tissue from someplace and bring to it cover a problem somewhere else. >> we met a surgeon last year as we're preparing

apple fans is almost here pin. we got an invitation in fighting as to attend an event on the 12th. we arses and suspect that it is about the iphone five. if you look closelyat number the shadow on the number to is the no. 5. apple has said nothing about the event. >>mark: coming up on the kron 4 morning news we will have informational about the chp officers shot yesterday. >> will have more with the first lady said last night. women come back. -- when we come back. >>darya: the top story the roof following is the highway patrol officer was in critical condition after being shot by the suspect. we have learned that the officer is 37 year old can and young strum -- a kenyon youngstrom fi. >>will: he is on life support after being shot to the net. you can see officers from other agencies coming and going pin. his family has traveled a distance to be with them. >> they have asked me to convey their think yo thin you. for their support. in this difficult time. and they are thinking of you. also for the media to respectful and they also ask for everyone's prayers as the officer fights for his life. >>reporter: we will be respectful for their needs and privacy.

apple. pandora closed today at 1047 after falling 17%. ccording to the wall street journal apple is in talks launch an online streaming service. it could be months. >>> in san francisco, a major transformation is underway. apple putting up banners. they are expected to reveal it's next generation i-phone. it's celled for wednesday september 12th at ten. >>> and on wall street today stocks held onto this week's gain. the dow closed the week with a 14 point gain . >> a group campaigning against a proposed soda tax won a victory in court ins in lawsuit against richmond. a judge temporarily blocked richmond's attempt to force the campaign to comply with a local ordinance requiring mass mailings to include funding information on the front page. the group claimed that violated their first amendment right. the anti soda tax campaign is funded mostly by the american bev era ge association. you can get the news to go. down load the app, click the live icon and watch all of the newscasts live on the mobile device. >> a different version of events. a

apple. pandora closed today at 1047 after falling 17%. cording to the wall street journal apple is in talks launch an online streaming service. it could be months. >>> in san francisco, a major transformation is underway. apple putting up banners. they are expected to reveal it's next generation i-phone. it's celled for wednesday september 12th at ten. >>> and on wall street today stocks held onto this week's gain. the dow closed the week with a 14 point gain . >> a group campaigning against a proposed soda tax won a victory in court ins in lawsuit against richmond. a judge temporarily blocked richmond's attempt to force the campaign to comply with a local ordinance requiring mass mailings to include funding information on the front page. the group claimed that violated their first amendment right. the anti soda tax campaign is funded mostly by the american bev era ge association. you can get the news to go. down load the app, click the live icon and watch all of the newscasts live on the mobile device. >> a different version of events. a

apple shares closed at an all-time high one day after the company unveiled the iphone 5. just under $683. apple shares have gone up more than 66%. industry leaders believe the next apple device will be the best-selling smartphone of all time. wal-mart wants to help your kids already put their holiday wish list together. jane king joins us from the new york stock exchange with the bloomberg business report. >> good morning. wal-mart is out with its list of what it thinks will be the most sought out holiday toys. if you are bies are out. it snags the top spot on the retailer's list. it's followed by leapfrog's leap pad 2 tab let which is much faster than last year's version. it features the library of video games. and wal-mart by the way, the largest seller of toys in the country. wall street investors waiting for reports. stocks in rally mode thanks to the federal reserve. plans to buy billions in mortgage-backed funds in a move called qe 3. and meantime if you're getting tired of your cramped apartment, here's something to dr. . trulyya says it's now 56% cheaper to own a h

turned into the green and we are watching apple closely. ng down 1/2% earlier today. we got news out of apple. september 12th will be the day they are out. san francisco is the place so everybody is waiting so maybe they will learn more about the i phone 5. easier to do texting and so much more. look at $673.91. the high is $6.80 and change and the major market averages along as well. the democratic convention giving a boost to charlotte's economy. we have the head of the chamber of commerce and special guests next. ashley: today's winners and losers. ashley: commodities beat equities, bonds and the u.s. dollar public its second consecutive month the longest streak in the year. will the trend continue into september. sandra smith joins us with today's trade. sandra: that is the big question. where's the money going to go the rest of the year? commodities last couple months, is the money going to go into the car for the last two month? >> we will see a rally in commodities especially greens. they have the seasonal cycle will back and traders

. >> a taiwan-based company which assembles components for apple computers has closed one of its factories in northern china after a massive fight among its workers erupted at a company dormitory. >> around 2000 workers were involved. foxconn says the trouble started when a personal dispute got out of control. comments posted on the internet came -- claim that factory guards had severely beaten workers, which prompted a further escalation of violence. it is not clear how long this shutdown will last. we will check on the mood among german business leaders in just a minute. >> the mood is not very good. first, let's take a look at some of the other stories making the news. >> flooding and landslides that killed at least 33 people in northeast india. heavy rain has caused rivers to overflow. more than 1 million people have had to flee their homes. authorities have sounded the alarm for the region. thousands of villages have been evacuated. >> chinese surveillance boats had sailed close to the islands in the east china sea claimed by both china and japan. tension has risen since tokyo bought

apple shares closed at an all- time high yesterday.zon will collect sales tax from california customers starting tomorrow. a new state law requires online retailers to collect sales tax if they have a physical presence in california. amazon set up warehouse is in california for exchange of a one-year grace period to avoid the sales tax. sales tax from amazon alone is expected to generate $80 million per year for california. forget taxing and driving, the new danger behind the wheel is your voice >> apparently singing and driving, experts say it is not safe. we have all been there, a new study finds that singing while driving reduces your reaction time. it also makes it difficult to maintain your speech. psychologists say we do realize how distracting music will be for example when we automatically turn the radio down when driving in hard rain or snow. >> but i love singing in the car, that is what keeps me awake. we want to know what song use into while driving. >> a little jimmy buffett, maybe chicago. >> how old are you? you know i l

nicole: whig will continueicole follow apple closely.itations have been given out for next wednesday. san francisco will be the place and now speculation begins that the iphone 5 -- what we heard from analysts that we hear more about that. speculation is a bigger screen and faster processors and easier to type texts. i should also note that they raise their price target to $8.85 from 800 outperform the. chapel of the again today. dennis: the dow below 13,000 and it is time to make money with charles payne. the markets are asking what is my motivation? charles: help me out here. what are you going to focus on? the ecb, the fed? the big number on friday? we had a pretty good summer but it was on extraordinarily light volume. volume has been light and light volume is a huge move and extraordinarily light this summer and skepticism and what i'm worried about is remember a couple weeks ago we saw the market and down 13,300, we haven't hit. and in a week, we have 13,268 ran out of gas and we had 12,100 by june 4th. a 50 day moving averages 12,

apple. its stock closed at more than $700 a share yesterday, thanks to the strong presales for the iphone 5. investors apparently believe the company's revenue will keep growing. apple's stock is up 73% just this year. it was already the world's most valuable company. >>> and if you absolutely, positively have to be the first on your block with an iphone 5, and don't want to wait online, there's always ebay. bidding for an unlocked phone that will work on canadian service, is above $11,000 now. but it does come with free shipping. american phones are running $900 and up. >>> you can get a free doughnut today if you don't mind acting a little foolishly. it's talk like a pirate day at krispy kreme. you will get a dozen doughnuts if you dress up like a pirate. >> i can do that. >> i'm not going to do that. i think i just did it for enough people. right? >> it was good. >> it was all right. >>> coming up, a sports marat n marathon. not on the track, on the baseball field. >>> a little fun got lifeguards in hot water. now, people are coming to their rescue. >>> an awesome display of nature's fury

. >> watch these closely. if apple and the kindle go up so do these. >>> and thank you for watch keep it right here. number one business block continues with cheryl casone government is the only thing we all belong tompt we are in different churchs and clubs and we are together as part of our city, county or state. >> the government is the only thing we all belong to. that is a video from the democratic national convention said. now a new push to getet government out of our lives by privatizing entire cities. this will save taxpayers from big government spending. i am cheryl casone, welcome to cashin' in. >> we have wayne, and johnathon and lori . john, and joining us is emit. and welcome to all of you . lori, i want to start with you. they are planning to create cities that are private in honduras. this will save us money. >> the united states is going broke. we are watching one city after another going bankrupt and politicians not reigning in the spending . cities are losing funding from the state as well as the fede

apple will likely turn to it. >> qualcomm has a great rep tage . >> it is great. but sellers are steadily selling the stock. >> watch these closely. apple and the kindle go up

closed. google, apple, open, closed. apple, though, controls everything.ke to be a part of it. >> but the product launches were steve jobs', one of his seminal things to do. i think he obviously taught people how to do it. i'm looking for pizzazz. you need to see apple blow people away with this announcement. >> this is what we have typically seen ahead of a stock launch. the stock will run up. the stock sells off then. we'll see how it plays out. apple, right now at $680. >>> ford today is reopening a michigan plant with a next generation mustang and a ford fusion will be built. phil lebeau has a very special guest. >> i'm joined by mark fields, the vice president of ford, head of ford of the americas. joining us from the flat rock assembly plant you guys are reopening today. this is adding 1,200 jobs, a second shift for production of the 2013 fusion. do you have enough capacity now here in north america because its sales have grown so much and you've had fairly tight capacity? how do you feel right now? >> we feel pretty good. we're here at flat rock ass

apple. shares climbed .2% and closing slightly above $700. analysts predict apple shares could hit $885 by march. >>> the emmy awards are coming up this weekend. crews put the finishing touches on the nokia theater. the host this year is jimmy kimmle. our coverage starts on sunday afternoon at 2:00 with an on the red carpet emmy special followed by the red carpet arrivals at 4:00. and then the emmies at 5:00 followed by an encore presentation at 8:00 here on abc7. >>> we are looking forward to jimmy kimmle's take on all of this. should be funny. >> who knows what jimmy kimmle could do, but it could be very, very good. >> on to sports. >> panda power is back. suddenly pablo sandoval cannot be stopped. "the panda" goes deep again and the number gets smaller and smaller for the giants. ♪ ♪ [ man ] excuse me miss. [ gasps ] this fiber one 90 calorie brownie has all the moist, chewy, deliciousness you desire. mmmm. thanks. [ man ] at 90 calories, the brownie of your dreams is now deliciously real. [ female announcer ] and now, try our new chocolate