it's an honor to accept this award on behalf of the bernice bing estate. thank you. (applause) ♪ ♪ ♪ >> again, congratulations. now we'd like to make a slight modification in our program this evening and we're going to be moving to the award for best merchant association of the year, the lower haight merchant association. i'd like to invite walking tours up and the mayor's office of economic development. our newest supervisor, supervisor london breed. let's give him a round of applause. (applause) ♪ ♪ >> hi, are you going to speak first or me? >> you, please. >> hi, everybody. i'm so happy to be here to celebrate this -- what is it, the neighborhood empowerment network awards. this is like the fifth year that this has happened and i remember just about two years ago when the divisadero corridor received the same award. so, it is truly an honor to be here as the district 5 supervisor. the neighborhood i live in, to see many of the people i know, they're all sitting in the front row. i see you, joe, from john mere pierre from the meat store and pierre was front and cen

it's led detroit mayor david bing to cut city spending by $172 million a year since taking office in 2009. the less the city spends on basic services, the less people want to live in detroit. the city's population has dropped by 5% since 2000. around 30% of detroit is vacant.

and if we do invite the birders where we explain the binged requirements and we try to assist in that way. as far as, your thank as to the requirement. the requirements are set by the administrative code and their set in the code and we can't change the set requirements that are published in san francisco or print weekly we don't have a lot of flexibility. certainly we'll be ready to help them comply with those things. and your last question or your other question about payment i'm not sure about that. that the departments usually handle the payment side of it. i know we certainly wants to make prompt payments to all vendor and especially small businesses in the communities and we would be willing to try to do that and to work with the cloak of the board as well as theirs an agent that handles a lot of the papers and we can sit down with the cloak of the board to shoot even the period >> we're not - >> you have the discretion to amend the resolution to include the other biders. >> the board has included a number of nonresponsive biders in prior years. >> that's correct. and supervisor

mayor bing, it's really great to have you on our show.s was a decision by your emergency manager. did you agree? >> well, i think now that we're there, it doesn't matter whether i agree or not. we have filed for bankruptcy as far as the emergency manager is concerned. and now, we have to work our way through the process. >> it certainly sounds like, sir, that you were not in agreement. to what degree did you express your dissatisfaction with that decision by the emergency manager, kevyn orr? >> well, when kevyn came into the city back in late march, the goal was to try to fix the city without going through bankruptcy. but the mere fact that his background is one of the top bankruptcy lawyers in the country, it was obvious if we couldn't fix the city through negotiations, bankruptcy would be the next -- the next route to go, and he's taken that route as of yesterday. >> mayor bing, you are an nba hall of famer. you have been a very successful businessman in this country, and i'm sure this is not one of the things you wanted on your resume,

binge drink something a similar problem. people who binge drinks are not alcoholics.ike to go out and party. i'm not an alcoholic. >> bill: when you see and particularly in the rap call temperature and pop music world all of these idols that the kids follow, cory monteith is a clean-cut guy i knew him. i said yesterday very nice to his young fans. the guy, you know, he is on heroin which is probably the most destructive along with methamphetamine. but, the message sent to kids is it's cool, it's cool, it's cool, it's cool. where is the resistance to that? outside of me, and maybe a few other commentators, but there isn't any media resistance to it at all. >> i think that people have always glamorized drugs and the bohemian sort of counter cultural lifestyle. it didn't start in 2010. you know, even if you go back to the 1920s, that was really about boozing and drugging. you know, i think that when we look at things today, we have to say what can we do as a society to offer some protection from the risks of drug abuse. clearly, you know, parents who are involved in thei

. >>> here's a big las vegas ding, ding, ding, bing, bing, bing boo-yah. >> a big staten island, new about it, boo-yah! >> nashville. >> michigan. >> california. >> alaska. >> boo-yahs come from all across america. let cramer help you channel yours. "mad money" with jim cramer weeknights on cnbc. >>> let's talk the price is right. not that game show, i mean the stock show. if you want to actually make money from your stocks, which i know you do, then it's absolutely critical that you buy them at the right price, not the wrong price and that's true whether you're making short-term trade or purchasing something if everything goes right you expect to hold for years and years and years. most people don't think that. they think it doesn't matter. when you pay too much for a stock at the beginning, you make it vastly more difficult than to rack up the big gains on "mad money." if you get the price wrong, you may not make any money at all. i think price is dramatically underrated by you as a determinant of successful investing. tonight i'm giving you the power of price it's due. it's incred

american public right now lives in cities a bigger than cities much like detroit the binge market is if they can pull this off here we so we started seeing the corporate america we started seeing eastern airlines you may remember where you had the first attempt to take away people's pension by taking the airline into bankruptcy that became the model for all airlines in fact it became the model for corporate american so many ways so now under chapter nine the question becomes can we make this the prototype neo-cons or thinking can we make this the prototype to use all over the country so the statement that the important thing is here the line needs to be drawn in the sand unfortunately you still have washington d.c. asleep whistling through the graveyard is they see this occurring because a lot of the neo cons in washington want this to happen it's the new wave of how to privatized and that's to make it an urban area crumble in say you you know your teachers caused it your pensions caused it your greedy unions caused this bankruptcy the heavy taxation caused this bankruptcy they know

fresh bing cherries. this is a zigzag.a punch bowl. >> i know you're talking, but anyway, cheers. >> you might want to have your husband or boyfriend leave the room, everybody. >> the thunder from down under is going to roll in and show some action. first, this is "today" on nbc. ♪ on the catwalk ♪ >>> you've been waiting for this. for more than 22 years australia's thunder from down under has been bringing new meaning to the phrase "girl's night out." >> they may be australian but they'll definitely have us seeing fireworks this fourth of july. if you know what we mean. >> i know what you mean. >> here to show us a few dance moves are current members. don't know why you're looking at me like that. dylan yendal. happy fourth of july. >> same to you. >> thank you. >> are you sort of the chippendale's of australia? is that how we would describe you? >> a little bit different. a similar sort of show but very fun, very lighthearted show. nothing too hardcore. nothing too sleazy. >> i don't know. >> i promise. >> i'm not sure l

. >> if somebody was bingeing my head against a curb, i'd fight back too. >> glen hill was several years older than george. he said he was a good kid. he said, it's hard to believe he was ever accused of murder. he says unless zimmerman changed, he wasn't the type of person to shoot somebody unless it was self defense. >> if he felt threatened, the situation probably would dictate to me from the george i knew if he would do it or not. >> obviously, george zimmerman is best known for what happened in florida, he's actually spent well over half of his life here in manassas. he graduated here in 2001. neighbors say it was sometime after that that he moved down to florida growing up right here. >> attorney general called the shooting of trayvon martin tragic and unnecessary. he also promised the department of justice, will follow the facts and the law as it decides whether federal charges are warranted. president obama says he will not involve himself in the justice department's decision. >> the surviving suspect in the boston marathon bombings wants a death penalty expert added to his defen

mayor dave bing says the city will have to make the best of it., kevyn orr says it is business as usual. >> i would like to say to the city residents to assure them and city services and conduct of city business it is business in the ordinary course. services will remain open. paychecks will be made. bills will be paid. nothing changes from the standpoint of the ordinary citizens perspective. >> michigan congressman gary peters who represents parts of detroit warns this bankruptcy could hurt other american cities, telling our chad pergram on capitol hill, the cost of debt will go up around the country for municipalities. mike tobin is live in chicago. so what are the detroit leaders saying there, mike? >> reporter: you know the emergency manager, kevyn orr and governor rick snyder say even though this action is harsh, what they're doing is making up for 60 years of poor maintenance. they believe that by taking this harsh action, what they are doing is creating a new dawn for the motor city. >> but i also want to emphasize, i don't view this as a t

detroit is a very iconic city worldwide, and our people will fight for this and we will come back. >> bing said the city has great support from the obama administration but has not yet requested a federal bailout. >> housing activists demanded stop the foreclosures right outside the home of the ceo of wells fargo. >> the alliance of californians for community empowerment organized yesterday's rally in san francisco. protest organizers believe wells fargo could limit the foreclosures by reducing the principal many borrowers owe. wells fargo issued a statement our work to help people pay balance have left to a lower foreclosure rate the last year. >>> although the economy is recovering, it's little consolation for those who have looked for a job and come up empty-handed. abc7 news reporter jonathan bloom has a steer of a man who came back from the brink. despair by creating his own job. now he's doing that for others. >> tech shop is place inventors and crafts people come to learn new skills and use few tools. inside you find this man working on a laser cutter and outside a man is sleeping o

we're binge consumers, sign up and then cancel it. its original programming idea might work out.hase a stock like this up on a stick and have what i would describe as a meteoric rise. i'm going to buy a call spread. >> walk us through, mike. i'm going to buy the 250, sell the 280s against it. spending about half the distance of the spread, 14.5 dollars. this is a way to spend relatively little, $15 long netflix. >> brian, what do you think of this trade? >> i think it makes a lot of sense. the stock seems a little overextended but i do like the stock. i like the transformation they're going through in the original programming. it was hbo 1990 style and it really transformed hbo. i'm certainly a buyer but not at these levels. i like carter's take at $300 a share. >> it forces discipline and it doesn't do what you think it's going to, it's easy to look at it two years later and say, oh, my god, i still own that. >> you have to use the spread because they're announcing earnings next week and they're implying a 14% move. >> next hour on "mad money," cramer has chipotle's big enchilad

. >> reporter: they allegedly used the money to fuel their spending binges. >> and then there is oneat is cute. >> reporter: it is hard to know if fans tuned in out of envy, or just to ridicule the cringe-worthy excess on display. >> what the public doesn't know is they pay the fee for hair, clothes, makeup. if you throw a party and "bravo" comes to film it, you're paying the cost. >> reporter: while it is nearly a trademark for the guidices, dropping thousands in cash. no detail too extravagant for her kids' birthday parties. she thought nothing of dropping thousands for a pair of shoes or cocktail dress. for us as viewers we tune in because we want to see the fantasy? >> i think we want to see these fabulous houses that we probably will never get in. we want to see the fabulous fur coats, shoes, designer handbags. >> reporter: lisa van der pump showed me hers, they earned the money for years in the restaurant business. in stark contrast, the guidices racked up debt. >> how much is it? >> and that is for you. happy birthday. >> thank you. >> reporter: in the middle of all of this la

and in terms of the binged environment this fall we're starting to see a great deal of additional activity, you know, go back about 18 months there were no cranes downtown now you can not choose a prospective await seeing the cranes from other project as well as a great deal of activity in the region with google and apple and the 49ers stadium that has made great progress. we're seeing a lot more competition in the market and that was having an impact on the bidders but also the margins the biz were pursuing in the, you know, several years ago three or four years you see projects being prude at cost with no profit there's a return to normal market continues that are effectively pricing. and in addition to that we had completed in 2012 an update that had resulted in design criteria that were estimated to have an associated cost of $57 million on the transit center. we have any program resources that were not going to be effective to the program. on the other side the design side of the effort through the cows of the design and development we working with web core and the designers through c

original estimate for the steel was roughly $120 million but as we prepared the original package for binged and brought it forward we increased the budget to $162 million. therapists reflecting the market issues but also the fabrication of some of the larger beam and round column pieces. the ability to domestically fabricate those was effecting the prigs particularly the large beams. some of the beams were not rolled here so we had to go to domestic rolled up beam columns. so at the time that was reflected in the estimate was 1 hundred and 62 employed for the steel. obviously the bid was $162 million higher. at this point we split out the cast notes which were actually, the figure that was proposed by bradykinesia as part of the original bid was below our engineers estimate for the cast notes that's where we took the budget of 1 hundred and 74 million and braug that to you many may for award. and then it was the remaining steel scope that we packaged and bid and received the bid of 1 hundred and 89. so if you're comparing things across the board you would add those together to come up with

they binge watch them. >> jimmy: yeah, that's what i'm waiting to do.tch in 30-second intervals. [ light laughter ] no, i can't do -- i can't do 15. i can't do that. >> jimmy: in a row. >> no. i have four kids. >> jimmy: yeah. >> actually, i have five kids. i just had another kid. [ laughter ] >> jimmy: congratulations! >> thank you. [ applause ] i actually have five. i have four living at home. >> jimmy: do they like that you're successful? >> my son said in the back seat the other day 'cause he's trying to get an action figure for me to -- he wanted to go to rite aid to get their -- and he said, "by the way, i love your work." >> jimmy: oh, that's so nice. [ laughter ] see, you're raising him right. >> yeah. >> jimmy: i have -- i'm following you on twitter. >> you are not. >> jimmy: i'm not. but i would. [ laughter ] >> jimmy: @jeffreytambor. and what you're doing is very interesting. you're writing haikus. >> oh, i'm -- yes. >> jimmy: on twitter. >> that's a good side, don't you think? [ cheers ] >> jimmy: fantastic. >> it is. >> jimmy: but you have

i am sure mayor binge, governor snyder saw that avenue before they went ahead with the bankruptcy.ll be painful but it needs to happen. these cities, detroit is in sort of a borrow tax, spend cycle. that's something a bailout won't get them out of, but bankruptcy will. allows debtors to shed liabilities difficult to shed in the normal process of doing things, especially when you have powerful unions and pensioners in the way. i think this is a painful but necessary process that detroit has to go through, and cautionary tale for many other cities. mayor bing is right, they're not the only one. >> the cautionary tale, a lot of them will use detroit to cram more austerity down the throats of the united states. every study that supposedly said cutting was a good idea has been disprove en. in england, can't even save the bath water with the baby. now they're going to use detroit as an excuse to do more of this. republicans unfortunately when the economy is good, they want to cut spending and taxes, when the economy is bad they want to cut spending and taxes, that's just their answer to

are you concerned that you're glorifying binge drinking when it comes to this sketch comedy that you're>> i personally see it more as a cautionary tale than anything. i don't know if it's really -- makes it look like a lot of fun. >> yeah, my friend's father, he shows it to his kids and says, this is why you shouldn't drink. if anything, it shows, oh, new parts of history told in a funny way that aren't boring and it also gives you a way of, like, oh, you mess up and you're not as intelligent as you should be while you're drunk. so to the critics, everyone has an opinion, but we're not out to hurt anyone, we're just trying to make something funny and teach history that is usually taught in a more boring nonexciting way. >> i want to play a clip. it's your very first webisode. i spent hours watching it on youtube. that was the aaron burr, the burr/hamilton duel. let me play a clip of it. >> today we're going to talk about alexander hamilton. we got a duel. i was hamilton, listen, i can't reconcile, you know, killing someone with my political beliefs. but i can't reconcile my political be

bing. he says everybody in the office has had a good laugh at this.t like we have. >> his recovery wasn't as graceful as mine. >> are you okay? >> i'm totally fine. i caught myself. >> what chair? what? i departmeidn't fall off. >>> in competition it's often said, if you're not first, you're last. and the guys are a dance crew, they completed in the korean 2013 world b-boys masters championships. this was their routine. and it's going to blow your mind. >> instead of doing some traditional moves, look at this move right here. this is my favorite one. one guy to the other guy to the other guy. before you know it, there's three guys hooked on each other going in circles. >> and then they swung that into that. >> yes. >> which is a windmill. >> yeah, that is pretty cool. so this one. this got them the championship, i would imagine. >> how do you beat this? >> this crew was triumphant in every scoring standard, including foundation, originality, dynamics, execution and battle. they ended up winning the entire competition. took home $15,000. >> whoa. >> an

something and all of the binge drinking problems we had under labour. they never managed to do. >> in february, i asked the -- if they should pay a bad room tax. he promised to look into the case. they did not receive a reply. will he keep his word? >> i do reply, i replied to honorable members correspondence right across the house. i always will. in placeuld say, put very fair rules where it does not affect pensioners are people need to have that spare room. worki write back, there is which i will not be able to answer. we still did not know if the party opposite is going to replace it. they will not give us an answer. >> thank you, mr. speaker. --ember would labor members this summer when labor members are -- [laughter] will of the prime minister and willme that his government the welfare law benefit as a human right? was my honorable friend makes a good point. last week, there was a rare piece of candor from the arctic. they have a wealth there were reports. as a welfare report. they want to make it a human rights. make well for a human rights. they

. >> reporter: all the overhead binges are just like you say. they opened up.ne's luggage is all over the place. >> in thecn@ back of the plane close to where the tail section tore away, firefighters discovered five passengers. as the crews tried to remove injured and trapped passengers, she noticed another face on board. >> we had a very brave san francisco police officer enter the plane with no scba. >> reporter: san francisco police officer jim cunningham knew firefighters would need help. he was the only one running into the plane without even an oxygen mask. >> i didn't think about it. i just ran in because you knew they had to get out of there. you can't leave someone there to die when you're standing there doing nothing. >> reporter: the rescue crew pulled the last passengers to safety and turned to evacuating the injured. >> i knew we had gotten everybody off. that was what mattered to me. >> joe rosato jr., nbc bay area news. >>> from thewmm emotional to th logistical. the long-term0cu impact is bein felt by hundreds of people still waiting to go home

but probably with laws. >> carol, you know, we spoke with mayor bing a short time ago.fact, he probably is literally on the phone right now with washington about this very issue. what should the federal government do, if anything? it seemed to -- he seemed to suggest, as others have, that most of the issues are self-inflicted. >> absolutely. there's no such thing as a government bailout, and i hate when we use that phrase, because it is a taxpayer bailout. it is our money, the money of the hard-working people, the middle class of this country. and we have to stop robbing peter to pay paul, because if we continue to do that and we don't address the underlying issues, the overspending, the overtaxation issues, the corruption that's in a lot of these cities, the fat cat unions, we don't address the underlying problems and we keep just passing the buck around, eventually the buck has to stop somewhere, and the whole house of cards is going to end up coming down. so right now, even though i feel very, very terrible for the people of detroit, we have -- >> you really sound li

never did which is should be illegal to sell alcohol below the price, that is something in all the binge drinking problems we had under labor they never managed to do. >> in february i asked the prime minister if the form of the complaint should pay for bed room tax. he promised to look into the case. the family watched the prime minister but didn't receive a reply. why didn't the prime minister keep his word? >> i do reply, a reply to hon. members, correspondence right across the house and i always will what i would say in terms of this subsidy, we put in place fair rules where it doesn't affect pensions and doesn't affect people who need to have that room but perhaps when i do right back theres one thing i won't be able to answer which is we still don't know whether the party opposite are going to replace it because they won't give us an answer. >> thank you, mr. speaker. when labor members on their united beach towels -- can the crime minister assure me that his gernment has weak leadership, will not put into law the welfare benefits to the right? >> my hon. friend makes a point. ther

never did which is should be illegal to sell alcohol below the price, that is something in all the binge drinking problems we had under labor they never managed to do. >> in february i asked the prime minister if the form of the complaint should pay for bed room tax. he promised to look into the case. the family watched the prime minister but didn't receive a reply. why didn't the prime minister keep his word? >> i do reply, a reply to hon. members, correspondence right across the house and i always will what i would say in terms of this subsidy, we put in place fair rules where it doesn't affect pensions and doesn't affect people who need to have that room but perhaps when i do right back there is one thing i won't be able to answer which is we still don't know whether the party opposite are going to replace it because they won't give us an answer. >> thank you, mr. speaker. when labor members on their united beach towels -- can the crime minister assure me that his government has weak leadership, will not put into law the welfare benefits to the right? >> my hon. friend makes a point.

city mayor dave binge says not yet. >> i think it is very difficult right now to ask directly for support, and i think we have got to take a step back and see what is next. >> reporter: the city has requested a hearing in the case for this tuesday. as for full recovery that could take years if it happens at all. in order for detroit to move forward with bankruptcy protection, city leaders first have to prove that bankruptcy is a last resort. if approved by a federal judge, a plan for reorganization will be put in place and voted on by the city's creditors. jeff. >> glor: terrell brown, thank you. detroit is home to one of the most prestigious collections of art in the world, and one of the options on the table is for all of that to be sold. but it is not so simple. >> oh, wow, this is the top of the triangle. >> to rod expenser the detroit institute of art is priceless. >> the d.i.a. is the history of detroit. that is what it means to me. they have a most interesting piece... >> reporter: he has been coming to the museum at least once a month for 25 years but now the city is talking about

a second and a half before impact, they tried to abort the land bing but failed.how is it took them 128 seconds to realize they wereu coming i too low and too slow? >> i have to tell you the cox spit a very dynamic environment. there's a lot going on. there's a lot of monitoring that's taking place and a lot of communications. we really have to take a look at what they understood about the aircraft, how they communicated and what their procedures were. >> reporter: after investigators interviewed remaining two pilots from flight 214 the ntsb tells us they will hold a news conference later this afternoon to let us know what information, if any, they gathered from those conversations. reporting live here in burlingame across from sfo, bob redell, nbc bay area news. >> thank you, bob. >>> while the president of asiana airlines is getting closer to sfo, the families of the victims woke up in the bay area this morning. some of them saw their children for the very first time since saturday's crash. but for two families, this strip -- trip is a painful remind other of t

people have binge viewing with netflix. video on demand them. are catching up. now people are talking about homeland. season 2 is doing better than season one, whatever and any walking dead or any show. you can see the audiences build. where would you lose audiences. the biggest shock is covering the industry. for i will not say how many decades but decades plural is that viewing time has gone up. it has gone up per home. five to six hours a day to eight hours. there is no danger they is television. we have a great product. and particularly american companies as we have a big single country programming tends to get as support and there is a i lot of money in that. so as americans we love our tv and the tv shows are over and over. so it is profitable the initial story on a global basis as well and how did you get started in this industry? >> my god. eons ago i started at a small company a small boutique and the person that hired me. will be indebted he took a chance. took a chance on a young person. >> were you interested in the cable industry or did they assign

subscribers, 86% said they were more likely to maintain their subscriptions, only 8,000 people were bingetheir subscriptions. it seems this original programming idea would work out. that said, i'm not inclined to chase stocks like this. i would describe as a meteoric rise since the beginning of the year, so i'm going to buy a call spread. >> i'm looking to buy the august 250, 280 call spread. 30 bucks. sell the 280s at 15.5 bucks. the stock is trading at almost 265. this is a way that you can spend relatively little, about 15 bucks, to get long netflix. >> all right, so brian, what do you think of this trade? >> i think it makes a lot of sense. the stock seems a little overextended, trading over 10%, but i like the stock. i like the transformation they're going through in their original programming. this was hba 1990s style. i think the same could happen for netflix. that's what you want to see out of a tech company, transform itself. i'm a buyer, not as these levels. gives you that protection to the downside, but i like carter's take at $3 a share. >> it enforces some discipline. if you