the shares of bankamerica has fallen since january. bank of america. >>pam: the richmond green academy careers job training program for those that are looking for careers in the energy efficient industry. among others, the lieutenant governor of california, mayor gavin newson former mayor gavin newson who was a big proponent of green technology. these are the proud faces of the 72 graduates of the 2011 richmond green field academy. each receiving a certificate after getting a grains program. she has already landed a greened job working for the city of richmond. >> are you working right now? >> yes i am. >> in fact, they have an 80 percent job placement. a new life, a new beginning, let's go! >> so, was someone to do just finished a training and i knew that it would pay off. >> the 10 governor special guest speaker, said it that the right decision for this program. >> the highest growth sector in the u.s. economy right now outside of tech jobs that is back to pre-boom levels is in green technology. >> major contributions with this $100,000 check made by

bankamerica lost about 10%. depending on how the news is, maybe that is what we have to live with. >> let's go to frankfurt where the new round of market free fall highlights how the sentiment is right now. >> traders prepared for a very strong rebound. the recovery of german shares did not last until midday trading and the opening bell on wall street because the markets in new york went down sharply driven by concerns about the economy. financial shares have been hammered all over europe. there has been some rumors that there might be problems for the french. the banking shares in europe lost up to 15%. >> staying in frankfurt to give you the lowdown on the market numbers, if you have been on holiday, this will give you a nasty shock. the dax down well below the 6000 mark. it was down 6%. the dow industrials ended the session in negative territory. from the trouble on the markets to the trouble in london. >> in london, the british prime minister had said that a fight back is under way to restore law and order w

. >> in the meantime, thousands of employes at bankamerica will soon be out of a job. the company is cutting more jobs. the layoffs will come as soon as next month. >> 3500 thank of america employees will be without a job by september. the cuts affect a little more than 1 percent of the bank's work force of roughly 280,000, but the newest round of layoffs as on to 2500 reductions already made so far this year. the bank has previously cut jobs, a company spokesperson says these job losses will be spread throughout most of the business units. the cuts are part of a companywide restructuring plan saying, i noticed a to manage to reductions, but we owe it to our customers and shareholders to remain competitive, efficient and manage our expense carefully. the memo also suggests that more pink slips to be on the label the total number of layoffs potentially reaching 10,000. bank of america shares have fallen more than 50% since january. >> here is a great scene in san francisco. we have been inundated by the fall. good news is on the way. right now we are looking live as the

bankamerica has yet to comment. >> the dow is up one of his 74 points in the trading above 10,000, almost to 11,000. we will continue to fall back, more and a couple of minutes. a live look outside over san francisco, the james lick freeway. [ bailiff ] fee court is now in session. come on out, guys. the jury has reached its decision. now, you guys found the other airline guilty of charging a 150-dollar change fee. you bet! southwest would never do that. and that was after she changed her flight and paid the difference in airfare. that other airline treated her wrong. she was understandably upset. well, who can afford a 150-dollar change fee? he was surprised with the verdict. you got that right. [ male announcer ] don't pay a change fee on top of a fare difference. fly southwest, the only major airline that never charges change fees. fly southwest, >> year is a quick recap of the big stories. we are watching wall street, after a big slide of six of the points because of the credit downgrade in the u.s. and troubles in europe, this morning we see that stocks are up. the dow is now of 188

as many as 10,000 bankamerica corp.loyees will be out of a job it is part of a restructuring plan ar. >> new this morning the of the largest bank bank of america out 3500 will be let go up by the end of next month more cuts could be announced later on in the year-and-a-half the total cuts will be 10,000 holocaust bank of america has been struggling to work through several problems and lawsuits >> hewlett-packard is in the news on new changes in that company >> a lot of changes that h p in palo alto h p said it will end its tablets and smart phone production it has been rumored for half a year to sell its pc business it came as a surprise.. h-p is the biggest maker of computers apparently it is the least profitable experts say it needs to reverse course. this is another concession experts say. this could be a sign of the times. >> san francisco giants last areas opeirce's world series champs and what is going with fan reaction >>, will talk to look double fences morning there is like a lead trustee not know how that remi

aig is saying that bankamerica committed fraud. america--they were selling mortgage-backed securities that they knew were a bad investment. >> the body of a three year- old boy of oakland was shot at a drive-by shooting. kron 4 is alive. >> police say that three year-old was here with this family at that shopping center. they said that the was no connection. i spoke with witnesses that heard multiple gunshots it sounded like an automatic weapon. they sought two different men lying on the ground and that that they sought a three-year old. he was not screaming. that is when they sought a three-year old. they also saw two different men. they saw the two me that are no sufferin three life threatening injuries. police spoke to the appearance that are opposite, very, very distraught and no suspect or vehicle description has been released this is a drive-by shooting on international boulevard. what we know is that some of this area will remain blocked off. here on international boulevard between a 63-66. we have not been told for along th

host: we have seen the health of banks -- bankamerica losing a lot of the stock value. what is in the health of banks in lending out for mortgages? guest: one of the biggest concern we hear from home buyers is that underwriting standards have tightened considerably. it goes to the point that some banks are experiencing the goal piece in terms of their own financial health. but at the same time consumers and potential home buyers are concerned they may not get a mortgage, or if they are looking for emerge -- mortgage, the hurdles of underwriting standards are really much higher than they have been in the past. the fear is that in fact the pendulum has swung too far so there are qualified home buyers out there who are not able to get a mortgage or simply dissuaded from getting a mortgage because they think they are not qualified. host: a couple of headlines about loaning -- from "the wall street journal" -- that is a piece in "the wall street journal." then this piece in "the financial times" -- we are dividing the phone lines up a little bit differently for this discussi

host: we have seen the health of banks -- bankamerica losing a lot of the stock value.hat is in the health of banks in lending out for mortgages? guest: one of the biggest concern we hear from home buyers is that underwriting standards have tightened considerably. it goes to the point that some banks are experiencing the goal piece in terms of their own financial health. but at the same time consumers and potential home buyers are concerned they may not get a mortgage, or if they are looking for emerge -- mortgage, the hurdles of underwriting standards are really much higher than they have been in the past. the fear is that in fact the pendulum has swung too far so there are qualified home buyers out there who are not able to get a mortgage or simply dissuaded from getting a mortgage because they think they are not qualified. host: a couple of headlines about loaning -- from "the wall street journal" -- that is a piece in "the wall street journal." then this piece in "the financial times" -- we are dividing the phone lines up a little bit differently for this discussion