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>> pelley: ben tracy found one >> place that's old-fashioned friendly. pl as long as people need the gas, we'll pump it for them. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, two enars, $2 billion. urw it's your turn. ,he long, expensive presidential wn t is down to its final hours. national polls show that it's dead even, but in the few swing states that could tip the balance tomorrow night president obama has a slight advantage over mitt romney. in ohio, a university of oncinnati poll shows the president ahead 50% to 49%. in florida, a recent poll has him ahead by just two points. in wisconsin, the president hreds by three points. in iowa, the "des moines register" shows mr. obama up mr. oboints. and the colorado poll has him ahead by two points. our campaign 2012 team is covering. first we're going to go to nancy wedes with the president tonight. nancy? >> pelley: scott, after 100 rallies, the president holds his final one here in des moines tonight for two reasons: first, mostuse iowa is one o
>> pelley: ben tracy found one >> place that's old-fashioned friendly. pl as long as people need the gas, we'll pump it for them. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, two enars, $2 billion. urw it's your turn. ,he long, expensive presidential wn t is down to its final hours. national polls show that it's dead even, but in the few swing states that could tip the balance tomorrow night president obama...
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Nov 2, 2012
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ben tracy's search has paid off in manahawkin, new jersey. ben, good morning. >> reporter: good morning. you know more than 50% of gas stations in new jersey closed, we wanted to find gas stations that actually had gas. we found it here in manahawkin. as you can see, the secret is out, though. we have talked to people that have come from 30, 40, 50 miles away because they're finding it very tough to fill up. >> took me two hours to get here from hoboken. i got no gas. >> stop it! >> reporter: gas is being rationed in parts of new york and new jersey. the pumps are running on empty and so is patience. >> i'm jealous! >> reporter: at this station in new jersey, frustration nearly became a fist fight. the police are being called in -- >> they can't do this. >> reporter: -- to literally keep anxious drivers in line as they try to cut each other off. aaa says 60% of the gas stations in new jersey and 70% of those on new york's long island are now closed. >> all day, man, no gas. it's like, what are we going to do? >> reporter: there's no fuel short
ben tracy's search has paid off in manahawkin, new jersey. ben, good morning. >> reporter: good morning. you know more than 50% of gas stations in new jersey closed, we wanted to find gas stations that actually had gas. we found it here in manahawkin. as you can see, the secret is out, though. we have talked to people that have come from 30, 40, 50 miles away because they're finding it very tough to fill up. >> took me two hours to get here from hoboken. i got no gas. >> stop...
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Nov 5, 2012
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new jersey motorists are running on empty and homeowners on the shore are trying to dig out, ben tracy visits the states hardest hit. >> we we never get this. >> and food fight. john blackstone is following the california showdown over what's in your meals. and whether you have the right to see it on the label. >> why are they afraid of me knowing? >> this i captioning sponsored by cbs this is the "cbs evening news." >> jeff: good evening, everyone, i'm jeff glor, as the final weekend of campaign 2012 draws to a close the race for the white house could not be closer. the latest polls indicate a virtual tie. taking no chances the candidates are chris crossing swing states. we begin with nancy cordes who is with the obama campaign in cincinnati tonight. >> reporter: president obama joined forces this weekend with his most powerful supporter, former president bill clinton who took on romney with relish. >> he's tied himself in so many knots trying to say he didn't oppose what he clearly opposed that i expect any day he will be offered a job as a chief contortionist at cirque du soleil. >>
new jersey motorists are running on empty and homeowners on the shore are trying to dig out, ben tracy visits the states hardest hit. >> we we never get this. >> and food fight. john blackstone is following the california showdown over what's in your meals. and whether you have the right to see it on the label. >> why are they afraid of me knowing? >> this i captioning sponsored by cbs this is the "cbs evening news." >> jeff: good evening, everyone, i'm...
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we'll pump it for them. >> reporter: ben tracy, cbs news, new jersey. >>> another positive sign of recovery, the world trade center memorial reopens today. it was flooded by sandy last week. tat water has been pumped out. parts of the visitor center were damaged by four feet of water, but officials say the most sacred part, the reflecting fountains, remains intact. >>> coming up on "cbs this morning," we'll hear from david axelrod and senior adviser to the mitt romney campaign, kevin madden. plus, a look at california's controversial proposition 30, which calls for raising taxes to save public education. and the latest track of a nor'easter that threatens areas hard-hit by sandy. that and more a little later on "cbs this morning." big sigh. here we go, folks. that is the morning news for this tuesday. appreciate you watching. i'm terrell brown in new york. take care. have a great day. ,,,, >> your realtime captioner: linda marie macdonald >>> well, it's here, good morning, everyone. tuesday, november 6. election day. i'm frank mallicoat. >> i'm michelle griego. time now 4:30. let's check th
we'll pump it for them. >> reporter: ben tracy, cbs news, new jersey. >>> another positive sign of recovery, the world trade center memorial reopens today. it was flooded by sandy last week. tat water has been pumped out. parts of the visitor center were damaged by four feet of water, but officials say the most sacred part, the reflecting fountains, remains intact. >>> coming up on "cbs this morning," we'll hear from david axelrod and senior adviser to the mitt...
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ben tracy reports, residents are not ready to give up on the historic island. >> it's long beach island. people call it lbi, the island. >> reporter: for most of her life, leslie houston has called this island home. >> once you've been here and you have the sand in your shoes, you never want to leave. it's a legacy. it's a life. it's what your hometown means to you if you spent 53 years there. >> reporter: which is why it's so hard to see it shattered. what do you think of what happened to your island? >> we've got an real slap in the face. >> reporter: a few things were spared on this strip of resort towns, which since the late 1800s have been a haven for sun seekers. >> in their petty coats. that's how this island started. it was a vacation spot for the people in philadelphia. >> reporter: 10,000 people live here year round but in the summer the population swells to 100,000. with families vacationing in towns surf city. >> atlantic city is about 13, 14 miles due south of us here. >> reporter: glenn and his family built their first summer home here in 1949. >> a lot of folks here that
ben tracy reports, residents are not ready to give up on the historic island. >> it's long beach island. people call it lbi, the island. >> reporter: for most of her life, leslie houston has called this island home. >> once you've been here and you have the sand in your shoes, you never want to leave. it's a legacy. it's a life. it's what your hometown means to you if you spent 53 years there. >> reporter: which is why it's so hard to see it shattered. what do you think...
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ben tracy, cbs news, long beach island. >> pelley: with thanks to the folks here on long beach island and the help of the new jersey national guard, that's the cbs evening news for tonight. for all of us at cbs news, all around the world, i'm scott pelo long beach island in new jersey. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> total devastation. total devastation. unbelievable. >> all that damage from the super storm sandy, still crippling parts of the northeast. we'll get to sandy in a minute. but first, a man accused of carrying out a series of pipe bomb attacks in virginia, is arrested, all the way across the country in montana. and as reporter peggy fox explains, the alleged bomber did not go down without a fight. >> reporter: three sheens of destruction, terrified residence, and a highly determined law enforcement community. that's what the pipe-bomb suspect fled on tuesday, from his home in stafford, virginia. he traveled 2,045 miles in two days. his flight would come to an end near belt, montana
ben tracy, cbs news, long beach island. >> pelley: with thanks to the folks here on long beach island and the help of the new jersey national guard, that's the cbs evening news for tonight. for all of us at cbs news, all around the world, i'm scott pelo long beach island in new jersey. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> total devastation. total devastation. unbelievable. >> all that damage from the super storm...
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but for others, ben tracy tells us it's a year-round home. >> it's long beach island. people call it lbi, the island. >> reporter: for most of her life, leslie houston has called this island home. >> once you been here and you've got the sand in your shoes, you never want to leave. it's a legacy. it's a life. it's what your hometown means to you if you spent 53 years there. >> reporter: which is why it's so hard to see it shattered. what do you think of what's happened to your island? >> we've gotten a real slap in the face. >> reporter: few things were spared on this strip of resort towns which, since the late 1800s, has been a haven for fishermen and sun seekers. >> they were in their petticoats and all that. that's how this island started. it was a vacation spot for the people in philadelphia. >> reporter: 10,000 people live here year round. but in the summer, the population swells to 100,000, with families vacationing in towns named ship bottom, surf city and brant beach. >> atlantic city is about 13, 14 miles due south of the us here. >> reporter: glenn reitinger'
but for others, ben tracy tells us it's a year-round home. >> it's long beach island. people call it lbi, the island. >> reporter: for most of her life, leslie houston has called this island home. >> once you been here and you've got the sand in your shoes, you never want to leave. it's a legacy. it's a life. it's what your hometown means to you if you spent 53 years there. >> reporter: which is why it's so hard to see it shattered. what do you think of what's happened...
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ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack obama will still be president. this was the scene tonight as the president and the first family returned from chicago aboard air force one. they landed at joint base andrews right outside washington, d.c we will have a look at what you can expect from washington many the future, but first the latest returns. we still can't project a winner the presidential contest in florida, but even without florida mr. obama has 303 electoral votes-- well over the 270 need
ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing...
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. >> pelley: ben tracy in los angeles on the danger to america's coasts. and retiring the enterprise. david martin on the biggest battle the warship ever fought, a battle for survival. >> we had to do what we had to do. we had to save the ship. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the u.s. economy is looking significantly stronger tonight than it of did just a short while ago. have a look. the government revised its estimate of third quarter growth from 2% to 2.7. that means the economy was growing more than twice as fast in the third quarter as it was in the second when growth was just 1.3%. so, are we turning a corner or is this a one-quarter wonder? we asked anthony mason to find out. >> reporter: business is looking rosy at the internet retailer wine.com. new york general manager chris boone is expecting a strong holiday season. in from thanksgiving on, we've got our running shoes on, and we're running and hustling. >> reporter: wine.com just had a huge third quarter. sales jumped 15%, a
. >> pelley: ben tracy in los angeles on the danger to america's coasts. and retiring the enterprise. david martin on the biggest battle the warship ever fought, a battle for survival. >> we had to do what we had to do. we had to save the ship. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the u.s. economy is looking significantly stronger tonight than it of did just a short while ago. have a look. the...
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Nov 20, 2012
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ben tracy, cbs news, los angeles. >>> well friday we were writing a what pitch ware for the twinkie -- an obituary by hostess. the maker of the twinkies and the other treats, entered mediation with a striking union. they blame the strike for their lickation and debt issues. they face changing pub lis tastes. >> anything is possible. but you know then again they were so far apart the first time. >> hostess has about 18,000 workers at 33 plants including one in oakland. >>> if you are one of those guys that spends $2,000 for the last box of twinkies, then you got stuck. they are getting stocked up in the northwest right now. take a look at all the rainfall. record rain in seattle and portland. 100 miles per hour wind gust. some of that will be heading here. details on when next. thanks, paul. >>> weather time. one more storm to get through. now after that it will really dry out with pleasant weather. not this time tomorrow. and they will be drawn up ahead of this weather system, keeping us mild tonight. currently 56. san francisco at 60 and oakland at 58 degrees. not much to show you on
ben tracy, cbs news, los angeles. >>> well friday we were writing a what pitch ware for the twinkie -- an obituary by hostess. the maker of the twinkies and the other treats, entered mediation with a striking union. they blame the strike for their lickation and debt issues. they face changing pub lis tastes. >> anything is possible. but you know then again they were so far apart the first time. >> hostess has about 18,000 workers at 33 plants including one in oakland....
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the state of new jersey was hit hardest, and for more on that, we're going to ben tracy in tuckerton beach, good morning, ben. >> reporter: good morning, bob. this is what so many neighborhoods all along the new jersey shore look like. they're almost frozeep in time. there is really no recovery going on here yet because these areas have just been too dangerous to get into until now. this weekend was really the first time that so many people who live around here are coming back to see how damaged their houses are. many are finding they have no home at all. across new jersey, you're still talking about nearly a million people without power, and that's becoming a real issue, because temperature here's at night are falling into the low 30s, so it's very cold for the people who decided not to go to shelters or who don't have anywhere else to go, trying to ride this situation out. of course, as the days progress here, you will start to see more debris removal, but so many of these areas are simply too hard to get into. then you have the issue of gas rationing. people are waiting in line for
the state of new jersey was hit hardest, and for more on that, we're going to ben tracy in tuckerton beach, good morning, ben. >> reporter: good morning, bob. this is what so many neighborhoods all along the new jersey shore look like. they're almost frozeep in time. there is really no recovery going on here yet because these areas have just been too dangerous to get into until now. this weekend was really the first time that so many people who live around here are coming back to see how...
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charlie. >> reporter: ben tracy in new jersey, thank you, ben. on this final weekend before the election, president obama is teaming up on the campaign trail with former president bill clinton. last night in bristow, virginia, they attended a rally of more than 24,000 people. mr. clinton vouched to the president's economic plan saying mr. obama had done a good job with a bad hand. governor mitt romney is also logging campaign miles this weekend. yesterday in the battle ground state of new hampshire, he criticized president obama for urging americans to vote as, quote, the best revenge. romney encouraged his supporters to vote for love of country instead. two atlanta police officers were killed last night when their low-flying helicopter crashed near a busy intersection. the officers were part of a team searching for a missing child. the child later turned up unharmed. egypt's coptic church has a new hope. the selection process unfolded this morning during a televised ceremony in cairo. the ship was named a cop tick patriarch after a blindfolded a
charlie. >> reporter: ben tracy in new jersey, thank you, ben. on this final weekend before the election, president obama is teaming up on the campaign trail with former president bill clinton. last night in bristow, virginia, they attended a rally of more than 24,000 people. mr. clinton vouched to the president's economic plan saying mr. obama had done a good job with a bad hand. governor mitt romney is also logging campaign miles this weekend. yesterday in the battle ground state of new...
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ben. >> that. >> you like the right? >> reporter: but the awkwardness pales in comparison to the overwhelming feeling tracy and tammy both have. gratitude. >> we just can't thank you enough for everything. everything. such a great experience and he is so fantastic. >> you're everything i expected in a mom for ben and -- >> thank you. >> reporter: i'm reena ninan for "nightline" in minneapolis. >> and our thanks to reena ninan. a special thanks, too, to yahoo! shine who partnered with us on this report. >>> now, just ahead, our team heads deep into the amazon jungle to help track down some of nature's most terrifying beasts. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before
ben. >> that. >> you like the right? >> reporter: but the awkwardness pales in comparison to the overwhelming feeling tracy and tammy both have. gratitude. >> we just can't thank you enough for everything. everything. such a great experience and he is so fantastic. >> you're everything i expected in a mom for ben and -- >> thank you. >> reporter: i'm reena ninan for "nightline" in minneapolis. >> and our thanks to reena ninan. a special...
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ben tracy is in hard-hit tuckerton, new jersey, along the jersey shore. how are they doing there? >> reporter: charlie and norah, good morning. good morning to our viewers in the west. folks here not doing so well this morning. streets are flood eded here in tuckerton. front yards are flooded. while this nor'easter on its own may not have been that big of a deal, here is the problem. for a couple of days people have been able to come back to neighborhoods like this, to begin the recovery rip out carpets and walls and stay ahead of the mold that is growing in some of these areas. that's all been put on hold. that one woman who told us that the second storm feels like a second punch to the gut. when the nor'easter slammed into the jersey shore, wind and rain quickly turned into a whiteout as temperatures plummeted into the low 30s. volunteers handed out blankets for those with no heat. >> i just want this to end now. i want it to be over. >> reporter: in snow-covered belmar a generator is running nick symchik's one light and computer. etches gone ten days without power. he is using
ben tracy is in hard-hit tuckerton, new jersey, along the jersey shore. how are they doing there? >> reporter: charlie and norah, good morning. good morning to our viewers in the west. folks here not doing so well this morning. streets are flood eded here in tuckerton. front yards are flooded. while this nor'easter on its own may not have been that big of a deal, here is the problem. for a couple of days people have been able to come back to neighborhoods like this, to begin the recovery...
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it's an ambitious plan a week after hurricane sandy hit and ben tracy is in belmar, new jersey with thatart of the story. ben, good morning. >> reporter: good morning. belmar is one much these towns synonymous with the jersey shore and took a beating from hurricane sandy as you can see here. the folks here who make all of their money basically off the tourists who come here in the summer to these beaches they are not waiting to rebuild their town. the ocean is the life blood of this coastal town. but it's also what almost killed it. so with the same giant pumps used to bail out new orleans after hurricane katrina, belmar, new jersey is returning the favor. >> get this water out of our town and back in the atlantic. >> reporter: belmar mayor said sandy swept his town over seven city blocks. what sandy did not flood she basically trashed. >> now we're in a recovery phase, getting the water out. at the same time we have heavy machine engineer that's moving the debris. >> reporter: the streets are being cleared. the sand trap left behind is being erased. >> we're trying to get power to the l
it's an ambitious plan a week after hurricane sandy hit and ben tracy is in belmar, new jersey with thatart of the story. ben, good morning. >> reporter: good morning. belmar is one much these towns synonymous with the jersey shore and took a beating from hurricane sandy as you can see here. the folks here who make all of their money basically off the tourists who come here in the summer to these beaches they are not waiting to rebuild their town. the ocean is the life blood of this...
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ben tracy is in one of those areas in brick, new jersey. rning. >> reporter: norah, good morning to you. they're calling this the sucker punch storm and this part of the jersey shore is basically deserted. here in brick township they have more waterfront property than any other town in new jersey and the fear is that when these storm surge comes with this storm the areas could flood once again, once this nor'easter hits the shore. >> we hope they'll heed the morning. >> reporter: mayor stephen acropolis issued a mandatory evacuation for low-lying neighborhoods near the shore. >> if you don't realize what mother nature can do now, i don't think you're ever going to realize it. >> reporter: greg does. he was rushing to put away what he could while his rose was still cleaning up after hurricane sandy. >> need to get these guys out of here and get all of the stuff back into the garage and we need to get out of here. >> reporter: on the barrier island, school buses were picking up the few remaining holdouts. and frontloaders were working overtime
ben tracy is in one of those areas in brick, new jersey. rning. >> reporter: norah, good morning to you. they're calling this the sucker punch storm and this part of the jersey shore is basically deserted. here in brick township they have more waterfront property than any other town in new jersey and the fear is that when these storm surge comes with this storm the areas could flood once again, once this nor'easter hits the shore. >> we hope they'll heed the morning. >>...
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for "cbs this morning," ben tracy, los angeles. >> and voters in just a few critical states may decideext president of the united states. we'll look at three bat groutled contests and what's driving voters in your state. you're watching "cbs this morning." we'll be back right after the break. >>> both campaigns are making a huge push, folks, because they know it all comes down to one thing. >> is it all going to be about voter turnout? >> yes, here and most of the other battleground states. >> voter turnout is going to mean everything. >> it all comes down to turnout. >> it really all boils down to home voters turn out. >> a lot of technical jargon in there. let me break it down for you. the candidate who has more voters is going to win. that is the best analysis cable news has done since the six-part cnn series, "bears, do they [ bleep ] in the woods." >>> welcome back to "cbs this morning." on this election day, we're looking at what could happen today and in the next four years. >> with us now are newt guy ritchie and dee dee myers. good morning to both of you. >> good morning. >> m
for "cbs this morning," ben tracy, los angeles. >> and voters in just a few critical states may decideext president of the united states. we'll look at three bat groutled contests and what's driving voters in your state. you're watching "cbs this morning." we'll be back right after the break. >>> both campaigns are making a huge push, folks, because they know it all comes down to one thing. >> is it all going to be about voter turnout? >> yes, here...
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for "cbs this morning," ben tracy, malibu. >> i love being on the water and i love beaches.ertainly concerned about the people still struggling from sandy. >>> speaking about people who are struggling, people are struggling without sleep and there is news this morning for millions of sleepy people. one-quarter of all americans say they've taken sleep medication at some point in their lives. >> researchers say an experimental drug offers a promising new approach for treating insomnia. dr. michael bruce is a sleep expert. i want to talk about the new drug, but what is insomnia? >> it's complicated and not all insomnia is created equal. there's the i can't fall asleep, there's the i can't stay asleep, there's the i wake up too early. that's insomnia associated with pain and anxiety. there's all kinds of different types of insomnia. >> what does the drug do? which part of that insomnia? >> this new medication is very interesting. what it does is it works on a particular area of the brain. neurochemicals would come in and stimulate wakefulness and this drug block that is wakefuln
for "cbs this morning," ben tracy, malibu. >> i love being on the water and i love beaches.ertainly concerned about the people still struggling from sandy. >>> speaking about people who are struggling, people are struggling without sleep and there is news this morning for millions of sleepy people. one-quarter of all americans say they've taken sleep medication at some point in their lives. >> researchers say an experimental drug offers a promising new approach...
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for "cbs this morning," ben tracy, los angeles. >>> some of our closest animal relatives have the samend your orangutans suffer from mid life crisis. scientists say this could mean it's triggered by biological factors, not the frustration of jobs and family or the recognition we are mortal. >>> what do they do when they have a crisis? how does that show itself? >> they pout. >> they pout exactly. i guess they can't get a new car, a new red sports car right? >>> this morning britain's prince william is offering a rare look into his daily life. this is interesting. he put ten photos on his website showing a typical work day as a flight lieu ten naptd with his search and rescue team. the prince is a helicopter pilot in the unit and between missions william is seen making a beverage eating at the base's dining room and making his bed. each shift lasts 24 hours so the crew stays on base overnight and close to the aircraft. some behind the scenes of the prince. >> he makes his own bed. isn't that good to know? >> good to know. >>> singer rihanna's tour plan getting a little crazy in the air.
for "cbs this morning," ben tracy, los angeles. >>> some of our closest animal relatives have the samend your orangutans suffer from mid life crisis. scientists say this could mean it's triggered by biological factors, not the frustration of jobs and family or the recognition we are mortal. >>> what do they do when they have a crisis? how does that show itself? >> they pout. >> they pout exactly. i guess they can't get a new car, a new red sports car...
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for "cbs this morning," ben tracy, los angeles. >> and voters in just a few critical states may decideates. we'll look at three bat groundtleground contests and what's driving voters in your state. you're watching "cbs this morning." we'll be back right after the break. >> your realtime captioner: linda marie macdonald >>> good morning, everybody. 8:25. time for some news headlines. vote something well under way on this election day as polls have been open for an hour and a half in california. cbs 5's elissa harrington joins us live from a polling place at city hall here in san francisco. good morning. >> reporter: right here in san francisco where a steady stream of people have been casting their votes since 7:00 this morning. polls are open until 8:00 tonight. now, if you have a mail-in ballot, very important, you cannot mail it today. you need to bring it in. that deadline to mail it has passed. and there are tables set up like this one in front of city hall where volunteers are collecting mailed ballots so that those votes count. if you have never voted before, you might want to br
for "cbs this morning," ben tracy, los angeles. >> and voters in just a few critical states may decideates. we'll look at three bat groundtleground contests and what's driving voters in your state. you're watching "cbs this morning." we'll be back right after the break. >> your realtime captioner: linda marie macdonald >>> good morning, everybody. 8:25. time for some news headlines. vote something well under way on this election day as polls have been...
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tracy: ben bernanke. ri: your policy, wealth effect drove people to riskier assets and higher return equity markets. for the administration to take credit for it, brian's point, got to raise that issue. tracy: glad followed up with ben bernanke thank you party. lori: looks like at least he will keep his job for the time-being. we'll have much more market selloff, what is driving it, behind it, the dow down 252. about 100 points off the worst levels session. next how gold is trading with this economic fear. tracy: people in new york and new jersey having to flee their homes the second time in two weeks. we have another storm bearing down. the latest forecast we'll have ahead. first as we do every day at this time of day, look how oil is trading as we head out to break. wow, phil flynn mentioned earlier, selling off, down $3.896. $84.86 a barrel. hopefully we see that at the pump. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-
tracy: ben bernanke. ri: your policy, wealth effect drove people to riskier assets and higher return equity markets. for the administration to take credit for it, brian's point, got to raise that issue. tracy: glad followed up with ben bernanke thank you party. lori: looks like at least he will keep his job for the time-being. we'll have much more market selloff, what is driving it, behind it, the dow down 252. about 100 points off the worst levels session. next how gold is trading with this...
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benning aussie. there's no doubt he'll be asked about his extramarital affair. tracie potts is on capital hill for us with those details. >> reporter: good morning. we do know they are focusing on the attacks in benghazi. after three-hour briefing from the cia and fbi, today both the house and senate intelligence committees will hear from former cia director david petraeus. >> he interviewed many of the people as i understand it that were involved and so the opportunity to get his views, i think, is very important. >> reporter: the closed door hearing is not expected to get into the affair that prompted petraeus to resign. the cia is now investigating whether he did anything wrong professionally. the fbi concluded it was a personal matter. >> we made the determination as we were going through the matter that there was not a threat to national security. >> reporter: petraeus testifies today on the deadly attacks that killed four americans in benghazi. thursday lawmakers saw a realtime video of that attack and got in a heated shouting match over whether united nations am
benning aussie. there's no doubt he'll be asked about his extramarital affair. tracie potts is on capital hill for us with those details. >> reporter: good morning. we do know they are focusing on the attacks in benghazi. after three-hour briefing from the cia and fbi, today both the house and senate intelligence committees will hear from former cia director david petraeus. >> he interviewed many of the people as i understand it that were involved and so the opportunity to get his...
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tracie potts, wbal-tv 11 news. >> maryland chose ben cardin as a u.s. senator. >> you can see all the results scrolling on the bottom of your screen and on our website, wbaltv.com. we continue our team coverage with jennifer franciotti. >> she has a breakdown of the three main questions. >> marylanders had seven questions and you could call it a sweep. questions four, six, and seven. the dream act allows undocumented immigrants to pay in state college tuition rates and that they or their parents paid taxes. the dream act passed with 59%. 31% were against. >> we are very happy. we are a little emotional. the hard work has been worthwhile. >> marylanders passed question sixth legalizing same-sex marriage in the state of maryland. same-sex couples can apply for a civil marriage license. kai reed was at the headquarters last night with reaction. >> it has been a long night for marylanders in support of same- sex marriage. voters here it did something that has never been done before. >> what the people of maryland, republicans, christians, muslims, came toge
tracie potts, wbal-tv 11 news. >> maryland chose ben cardin as a u.s. senator. >> you can see all the results scrolling on the bottom of your screen and on our website, wbaltv.com. we continue our team coverage with jennifer franciotti. >> she has a breakdown of the three main questions. >> marylanders had seven questions and you could call it a sweep. questions four, six, and seven. the dream act allows undocumented immigrants to pay in state college tuition rates and...
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tracy: we heard ben bernanke give a speech saying they're going to be low for a long time.ed to see rates go up to get people off of their buds and shopping? >> i disagree with that. we need to leave rates alone. for people who are just about to get ready to look at the housing market, looking possibly to purchase again for your personal family home. investors need to dive in but personal family home buyers, we need to give them the incentive of lower rates. i'm not a believer in motivating anyone by fear and moving the interest rates, they're going to go up. that is inevitable. leave them here for a while and let people take advantage of the market and let people take advantage of good interest rates and jumpstart housing like these numbers are showing. tracy: banks don't want to lend money at low rates because they won't make money for 30 years at 3.1%, maybe you need them to loosen their lending standards. >> is a double-edged sword. you have to figure out what is the best thing to do right now for borrowers and if borrowers could borrow at the 650 credit score they woul
tracy: we heard ben bernanke give a speech saying they're going to be low for a long time.ed to see rates go up to get people off of their buds and shopping? >> i disagree with that. we need to leave rates alone. for people who are just about to get ready to look at the housing market, looking possibly to purchase again for your personal family home. investors need to dive in but personal family home buyers, we need to give them the incentive of lower rates. i'm not a believer in...
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tracy: we love ben willis. cu in 15 minutes. congress back at work. i was surprised too.ck session begins after a long election. they were tired. countdown clock to the looming fiscal cliff is ticking as if they hadn't heard. congress and the president can't reach an agreement by january 1st you know what will happen, automatic spending cuts, tax hikes all kicks in. president obama met with top labor union officials on his plan to avoid the fiscal cliff fight. raising taxes on the rich, here to sort it all out and help remove my sarcasm is gerri willis. cheryl: don't know if i can help you. gerri: this was preaching to the choir bringing in union officials, we had richard trumka and the afl-cio, all the people the president used to campaign for him and drum up support. a real -- you got to hear what richard trumka had to say. >> we are committed to preserving it tax breaks for the middle class and making sure that rich people pay their fair share. very committed to that. we are committed to that. very committed to making sure the middle class and workers don't end up payi
tracy: we love ben willis. cu in 15 minutes. congress back at work. i was surprised too.ck session begins after a long election. they were tired. countdown clock to the looming fiscal cliff is ticking as if they hadn't heard. congress and the president can't reach an agreement by january 1st you know what will happen, automatic spending cuts, tax hikes all kicks in. president obama met with top labor union officials on his plan to avoid the fiscal cliff fight. raising taxes on the rich, here to...
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there's a romney win, the yield gofers above 2% tracy saying that's the perception of the hawkish fed with romney in. he indicated he would not have benlly interesting forecast. tracy: really interesting. no money poured into the market, yields go up. we'll see. good stuff. >> thank you. tracy: a little chime there as well. stocks waiverring near the flat line into election day, but the next guest says it doesn't matter who wins. the pressing issue for the economy is still the darn fiscal cliff. joining us is john, glad you're with us. sandra smith reported if romney wins, markets go up. you don't think so? >> well, you know, i think the markets are going to have to make a determination tomorrow evening at some point based on exit polls or whatever it is, and they have determine short term, medium term, long term. it might very well be the state of ohio is called for governor romney, and the market goes, oh, that's great, but then remembers that makes it more difficult for the fiscal cliff to get resolved. i think what the markets have to parse out is what their view is between now and the end of the year when we have to fix want fisc
there's a romney win, the yield gofers above 2% tracy saying that's the perception of the hawkish fed with romney in. he indicated he would not have benlly interesting forecast. tracy: really interesting. no money poured into the market, yields go up. we'll see. good stuff. >> thank you. tracy: a little chime there as well. stocks waiverring near the flat line into election day, but the next guest says it doesn't matter who wins. the pressing issue for the economy is still the darn fiscal...
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tracy byrnes. all right so we've got a dire warning from fed chief ben bernanke. he says no deal on the fiscal cliff will actually cripple the economy in the new year. so wall street is listening. is washington? >>> plus, if you thought things couldn't get any worse with hewlett-packard, think again. coming up, how the tech giant managed to spend 10 billion dollars on a company it now says was riddled with bad accounting. >>> and could it be the most lucrative insider trading tip-off of all time? former hedge fund manager is charged with helping investors make more than a quarter of a billion dollars in illegal trades. we're going to have more on that. but first it is top of the hour. stocks hit session lows while ben bernanke was speaking. let's go to the floor of the new york stock exchange as we do every 15 minutes. nicole petallides we sold off while he was talking about fiscal cliff and what it could do to the economy. nicole: that's right when you talk about the economy and you hear your fed head and he doesn't sound optimistic that weighs on the markets. ou
tracy byrnes. all right so we've got a dire warning from fed chief ben bernanke. he says no deal on the fiscal cliff will actually cripple the economy in the new year. so wall street is listening. is washington? >>> plus, if you thought things couldn't get any worse with hewlett-packard, think again. coming up, how the tech giant managed to spend 10 billion dollars on a company it now says was riddled with bad accounting. >>> and could it be the most lucrative insider trading...
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tracy: like what? hospitals for instance? >> i can't name. i'm not here to name names. we know that hospitals are are run very efficiently will benis time from obamacare. that is, they're well-positioned for that. we know certain insurance companies that can come in with cost savings opportunities. they will benefit from obamacare. so sometimes policy matters. we ought to be looking for those kind of opportunities. tracy: talk quickly about policy. as an economist you do think taxes will go up on the wealthy and you do think dividend cap gains taxes will go up? >> i think they will go up. it is significant. people miss this. the senate democrats last summer passed a propaganda only tax bill that took dividend rates up to 25%. i don't want to see them go up 25% necessarily. but what democrats told us from digging their feet in, that is where we want to go. so we'll go someplace, deal could always change. that is not as bad as lot of investors are thinking. tracy: a lot of people think it is going -- >> that maybe is not what they're looking for. there are positive signs out there. tracy: maybe compromise is not a dirty word. jerry
tracy: like what? hospitals for instance? >> i can't name. i'm not here to name names. we know that hospitals are are run very efficiently will benis time from obamacare. that is, they're well-positioned for that. we know certain insurance companies that can come in with cost savings opportunities. they will benefit from obamacare. so sometimes policy matters. we ought to be looking for those kind of opportunities. tracy: talk quickly about policy. as an economist you do think taxes will...
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successor to ben bernanke will be under tremendous pressure to keep interest rates close to zero because the cbo says rising interest rates add 400 billion to the deficit every year. tracy: not a lot of people lining up for that job, huh? michael jones with riverfront investments. >> i don't think so. tracy: thank you, sir. lori: michael had a lot of good points but being optimistic about the jobs picture i wouldn't have been so bullish but that is just me. coming up much more on election day. we'll have live reports from the obama and romney campaigns. plus how today's vote could shift the balance of power in congress. tracy: as we head out to break the dow is up 156 points. look at winners and losers on s&p 500. first solar a charles payne favorite, up 7%. apollo group maybe a romney tell? private education, up 7%. we'll be right back. follow the wings. the. >> let's get an update on the markets with nicole petallides at new york stock exchange. the rally is holding up? >> across the board who better to ask? why? >> historical eight look at the election day how the market reacts little headlines today everybody talks about pulling and voting as we get to the end of th
successor to ben bernanke will be under tremendous pressure to keep interest rates close to zero because the cbo says rising interest rates add 400 billion to the deficit every year. tracy: not a lot of people lining up for that job, huh? michael jones with riverfront investments. >> i don't think so. tracy: thank you, sir. lori: michael had a lot of good points but being optimistic about the jobs picture i wouldn't have been so bullish but that is just me. coming up much more on election...