reports from anthony mason and john blackstone. david martin on a breach of security. a government report says chinese hackers have stolen the design for some of america's top weapons. kansas is the latest target of tornadoes. meteorologist david bernard tells us what's coming in the days ahead. and dean reynolds with men on a mission. >> the ridge drops right now. we're looking for almost perfect. >> o'donnell: to help scientists tell a story about our changing world. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> o'donnell: good evening. scott is on assignment. i'm norah o'donnell. the housing meltdown led the country into the great recession. now housing is leading the recovery. a new survey today finds homes were selling in march at prices nearly 11% higher than a year ago. the highest, in fact, since 2006. that news gave wall street a boost. after the survey came out the dow rose as much as 218 points. it gave about half of that back but still closed at a record high, 15,409. and anthony mason tells us rising home and stock values

blackstone as well along with iron wood capital.another story here, ticketmaster, watch out. a 1-year-old tiny little startup is making a big splash in the event planning world, already processing nearly 25,000 in ticket sales daily and as i said, employees. ben hindman, splash ceo and cofounder, taking on the big boys with aggressive ideas. he is joining us next. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great tng but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have e ney you need to enjoy all of these years. ♪ given way to sleeping. tossing and turning have to enjoy all of these years. where sleepless nights yield to restful sleep, and lunesta eszopicle can help you get there, like it has for so many people before. do not take lunesta if you are allergi

blackstone group is pledging to hire 50,000 military veterans. the firm's ceo, steve schwartzman, said this week that hiring will span across its portfolio companies over the next five years. schwartzman noted that veterans are "reliable, motivated and trustworthy employees." it's part of the 'joining forces' initiative by the white house, led by michelle obama and jill biden. blackstone is the latest company committed to helping veterans. target, wal-mart and home depot have pleged similar initiatives. another unsettling statistic from the eurozone - record unemployment. 12.1% of the population across the 17-nation region is jobless. that number tops earlier records set in january and february. the highest unemployment numbers are in greece and spain at 27.2% and 26.7% respectively. austria, germany and luxemburg fared better. the numbers from eurostat also show falling inflation, to an annualized rate of 1.2%, down from 1.7% the previous month. the combination could force the hand of the european central bank to further cut interest rates. the

if you could remember blackstone in the early '90s, they did something almost exactly like this. they're almost reverse engineering mortgage-backed securities. we've been long that market the last three or four years. i think it's a brilliant play. there's other ways to play it. mutual funds or in the hedge funds space like a pine river, a meta capital. housing prices are going up. no question about it and blackstone is on the contrary yan side soaking up supply. >> i don't know if they're on the contrary side. every single one of those markets is in. he said he's having a tough time finding value there. so, it's a very crowded trade. >> compared to what private equity does, you're building a whole company from the ground up, cobbling together a bunch of little properties. >> you're actually buying small companies. putting it together. so you're building them up and becoming public. >> yep. indeed. coming up, some of the biggest names in mutual funds are meeting today in d.c. and cnbc is there live. how about $200 billion worth of investing advice? we're going to talk to the head

i know publicly-traded shares of blackstone are up some 40% year-to-date.o charge higher management fees as well. fees as high as they were around the time of the financial crisis right before that hit, correct? so that also has to be helpful to the bottom line. >> we've been very fortunate in all of our businesses. so in real estate we've outperformed the benchmark by over 1000 basis points. in private equity, 900 basis points. in the hedge fund business, 400 basis points and in credit, our fund have generated close to 20% returns annually. so because of that we've seen investors increasingly give us more and more dollars to invest on their behalf. lori: altruistic invests too. i have know invitation is blackstone's $4.5 billion investment to buy distressed homes. >> yeah. lori: in areas hardest hit from the financial crisis. i'm linking these because of time interests, and hiring 50,000 veterans across the country. what is the time frame especially real estate deals do you peck to benefit there. >> two different but i will link them as well. in relation t

of 19 billion in assets under management because you actually like alternative many choices like blackstone and kkr what is it about these companies? they are the private equity business of buying distressed companies to shine them up and flip them back out. >> blackstone is a great example. this illustrates that eight times earnings and with distributable earnings will be significant over the next few years and improving equity markets raise the value of the private equity holdings and they are quite diversified with a significant real-estate presence the market is improving dramatically and people will turn a nice profit so we looked at blackstone and kkr with a great franchise with a private equity and real-estate manager and at a significant discount to many of the bank's and the traditional asset managers. liz: what is your hottest fund right now? >> i think the flagship the spectrum fund. liz: we just showed that it is fascinating because dan says don't sell in may and go away. you cannot have the summer off but the active investor. thank you. alger ceo and president 18 billion in ass

we asked john blackstone to look into the impact of this. >> reporter: from the basement an an old sanco warehouse sean peng's company sells women's clothing on the internet. peng collects sales tax only from buyers in california where his business is based. but now congress is going to make you collect taxes all over the country. s yeah, if that happens i probably will spend all my day heery single day trying to figure out the sales tax. >> reporter: about $11.4 billion bint uncollected from internet sales last year for the 45 states that charge sales tax. paline shoppers are supposed to pay the sales taxes when they ncle state income taxes but few o. illinois senator dick durbin is a sponsor of the bill. >> if you sell into a state like illinois, you will collect our sales tax on the sales to illinoisans buying your products. .> reporter: it will be up to the retailers to send the taxes they collect to the states. >> we are requiring the states to provide software to the internet retailers free of charge so that they can collect nhe sales tax as it's charged on each internet purchase

in sacramento here's john blackstone. >> reporter: over the years california had sent far more criminalso state prisons than it has room for. jeff beard heads the california prison system. the california prisons are built to accommodate 80,000 prisoners, there is almost 120,000. >> that is because of the way you count. qr the state cut the number of inmates by 25,000 but a panel of federal judges has ordered 9,000 more released by the end of the year. the state has taken the feds to court. >> because we don't believe that we have to further reduce the inmate population. >> there is not 9,000 prisoners in california that you could let go tomorrow and californians would remain safe? >> absolutely not. there is not. >> reporter: the federal judges are monitoring california prisons partly because of a lawsuit brought by san francisco attorney michael bien. this is group therapy for mental health reasons. but they're locked in cages. >> they're locked in cages, yes. >> reporter: he has been fighting for years to improve conditions for inmates in need of mental health treatment. showing pictur

as john blackstone reports, the answer was to double down. >> reporter: at claremont middle school inlifornia, the principal, mr. richardson -- >> good morning. >> reporter: -- seems to be everywhere. >> how are you doing? >> good. didn't she do an excellent job? >> reporter: saying hello to everybody. >> what's going on, how are you doing? you have a game today? have a beautiful day. >> reporter: he is so busy, you might think there are two mr. richardsons and you would be right. there's twice as many principals in this school as many schools, right? [ laughter ] >> reporter: is it important in this job to have a sense of humor? >> oh, yes. yes. >> reporter: since twin brothers ronald and reginald richardson took over as coprincipals last year, students are never quite sure which one has an eye on them. >> hey, i think you talked to the other mr. richardson. >> check in with mr. richardson. >> reporter: it often takes two to keep order here. in oakland, poverty, crime, and gang violence are persistent problems that can spill over into the schoolyard. >> mr. richardson to mr. richards

for him, blackstone was just a distinguished stage name.was okay and you're okay too. i think. >> reporter: copperfield's own history starts in a room filled with dummies once used by famous ventriloquists. as a boy he imagined this might be his route into show business. but you say you weren't very good. >> horrible still. reporter: his family history actually begins outside his private museum. where the entrance is disguised as a men's clothing store, circa1960, the shop his father seasoned. david copperfield was born the only son of hi and rebecca of new jersey. >> magic came very easy for me. for some reason it was just easy. >> reporter: at first he called himself devion, boy magician. later he asked friends to suggest something nor mature. >> david copperfield. i think it was probably a mistake. now i have to share it with dickens. >> if you hear me, raise your hand. >> reporter: in television specials spanning three decades, his illusions became grander. in an act of truly monumental magic, he draped the statue of liberty and then ma

we mentioned blackstone, which has had a tremendous couple weeks. and names like home depot to continue to work. because they work. and this is the perfect housing market for hd right now. >> let's go on to the last market myth. bonds are terrible invest. s now. you're on the other side of the trade. >> i'm long bonds, long tlt and treasury futures. anybody who says you can't fight the fed and then goes and shorts bonds is doing the wrong thing. this is what they're buying. they're buying all the supply out there. not only that, it acts as a real nice hedge. if you're worried about a spike in interest rates, that's going to be a problem for the stock market. so these are tandem trades. >> you have to own some bonds. it's not great to fight the feds. it's not great to fight warren. if we going to say, if you own them, i through you stick with them. but i don't think you have to add to them here. and that's what i think mr. buffett's going to say. >> and his time frame's a lot different than my time frame. do i think five years from now interest rates

john blackstone with the big question are they too fast? >> reporter: the team captain artemis describe -- the bolt had previous problems with a beam that holds the catamaran together. >> what went wrong yesterday was that we lost a person and that's what we need to find out. how do you lose a person in a small boat with a lot of people looking? >> reporter: the death is evidence of the risk as sailing becomes an extreme sport. rich run assailing school on san francisco bay. >> this i think equates to things like formula one and nascar. you really can't say that it's safe but that is not stopping people from pushing the limits and trying to excel at the highest limits of the sport. >> they fly. they don't sail they fly. >> reporter: how fast are these boats now? >> they are regularly hitting 40 knots which is around 45 miles an hour. >> reporter: on the water that is fast. >> yes, it's incredibly fast. >> reporter: last fall team oracle 72-foot boat flipped over. no one was injured and oracle's smaller 145-foot boat also had a spectacular s

the chinese government invested in blackstone. just respond to it.se there is all this stuff out there even though personally i hate the whole idea. >> actually, andrew, there's not so much stuff, which is surprising. what i would say is we have a terrific relationship with people in china. and nobody needed to throw $300 million on the table trying to get somebody's attention. it's not exactly geographically close. it is halfway around the world. so this involves conference calls, videos. at night, very early in the morning. it's not the easiest thing to achieve. so what i would say is this was just a situation, opportunity presented as a result of some of those factors. in that sense it was a happy accident and gave me the opportunity to marshall resources both financial and educational because there were a lot of great academics around the world. >> when does the program start? >> it starts in june 2016. >> and the first students will be from what schools? >> well, you know, we're going to have 20% chinese kids, 45% from the u.s. and 35% from the

nicholas king is deputy director and instead we now have the fabulous, the wonderful miss cammy blackstonec'mon up. so this year at this summit we've introduced something new and different for all of you to participate in. cammy is going to explain it and introduce it to you. >> all right we are trying to keep everybody engaged and involved. my new job is question queen. you may have gotten a yellow card when you came in. those are trivia question cards. i'm going to ask a trivia of questions. it's not a pop quiz. as we go through answers you can win prices. the first question, out of all the places that sell draft beer in san francisco. the number one seller is at&t park. who comes in at no. 2. don't shout it out. at the episode -- end of the program you can win prices. okay. we are doing trivia questions all through the program. okay. i would like to now bring to the stage supervisor scott wiener. [ applause ] >> good afternoon, everyone. thanks for having me today. i'm glad we are able to do these summits and bring everyone together to discuss our best practices and really embrace and m

maybe in the case of dynegy, blocked shares of blackstone, $4.50, ended up going into bankruptcy insteadaid, no, forget it. in that case he cost bondholders at least money. >> he has a mixed track record. everyone has a mixed track record put i think in this case he, it is going to help shareholders, whether he make as higher offer or again in this case blackstone make as higher offer, we have a little history. they're in dell too, it's going to wind up with a better price on the table for shareholders and i think what his intention is to get a higher price. it helps himself certainly. melissa: mark, you say he is motivated by making money. >> and not -- melissa: maybe you just want to beon his side no matter what it is. you want to hear what he doing and -- >> can't always be on his side. his side today is not his side tomorrow. carl is a magic act. he was a chess player at princeton. the reason he wins so often, ceos think two or three moves ahead, carl thinks 12. you never know where carl is. he doesn't like anybody, no one. melissa: really if. >> he doesn't even like money because he

. >>> the blackstone group has joined the push to put hundreds of thousands of vets back to work. yahoo!'s president will double maternity leave. giving four months of paid leave to new moms and two months to new dads. "consumer reports" claims more than half of hundreds of ground turkey samples tested contained fecal bacteria while 90% contained disease-causing organisms. the national turkey federation calls the study alarmist. >>> transportation secretary ray lahood is assuring lawmakers that 149 small airport towers slated to be closed in june as part of faa sequester cuts will remain open. >>> memorial day air fares are down slightly this year to an average $341. >>> and aaa says april gas prices were the lowest in three years at an average of $3.55 a gallon. >>> talking about that, so just how far will $3.55 goat you? if you drive one of these concept cars at the 18th annual super mileage challenge in indianapolis one gallon of gas will take you well over 1,000 miles. it lacks looks like it has air conditioning in some of the models. >>> coming up, tim tebow's offers are comi

reports from anthony mason and john blackstone. david martin on a breach of security. a government report says chinese hackers have stolen the design for some of america's top weapons. kansas is the latest target of tornadoes. meteorologist david bernard tells us what's coming in the days ahead. and dean reynolds with men on a mission. >> the ridge drops right now. we're looking for almost perfect. >> o'donnell: to help scientists tell a story about our changing world. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.

>> it does sound like blackstone is preparing to do that, maria.nt think we'll have a final sort of calculus until june 3rd or even june 4th. the investor redemption tedline for the second quarter is the third. normally it would be 45 days in advance which would have been last week. but s.a.c. gave investors an additional two weeks in hopes that they would get a little more clarity on the situation before making their final decision. we know now that when s.a.c. extended that, they were probably in these settlement talks with the government hoping that they would have good news to issue. that they had warded off any future indictments in exchange for a fine and some other concessions. now it appears that's very unlikely. >> you have to believe this cannot help performance. if they're distracted with all these legal issues that facings them right now, performance has got to suffer even in this great bull market we're in for equities right now. >> to be fair, it's interesting. i know people that work there. i'm told really in the rank and file, peopl

. >> john blackstone, cbs news. >> the richardson's were appointed coprincipals for the 2012/2013 school year. >> they voted to give them permanent status. >>> a big honor for palo alto based tessla. the top scoring car. it received an all-time high of 99 points out of 100 in the magazine's range of tests. it introduced the model s, calling it the first premium electric sedan. starting price, $62,000. >>> resume nonstop service between manetta and tokyo next month. the japanese airline has been working closely with the faa and boeing to modify the mechanical problems on its fleet of dream liners. the 787's will begin flying out of san jose on june 1. >>> here is something you probably won't see flying out. roberto gonzalez took the mobile weather lab to new heights today. she got to ride a vintage b17 bomber across the bay area. built back in 1935, 65,000 pound plane has a top speed of 150 miles per hour. during its world war ii days that carried a dozen machine guns and 9,000 pounds of bombs. >> well may is bike month and today san francisco unveiled the city's first bicycle barometer.

national parks, i am concerned the budget proposes cuts on that national heritage areas like the blackstoneiver valley national heritage corridor in rhode island and i look forward to discussing this issue with you. funding for the bureau of land management is up 4% over the fiscal year 2013 level 4 total of $1.1 billion. that amount includes a proposal for $48 million fee to strengthen the onshore oil and gas inspection program. the request also proposes increased funding for the u.s. fish and wildlife service budget by 7% for a total of $1.51 billion. that includes increase in the national wildlife refuge operation and science programs, additional investments in science and research made in the budget for the u.s. geological survey which is slated to receive a 9% increase over 2013 and this atmosphere these increases i significant and notable as you recognize, madam secretary. funding for the offshore energy programs which has long been an item of interest to the subcommittee increased by 9% for total of $392 million. that amount includes $169 million for the bureau of ocean energy manage

." >>> the blackstone group has joined a plan to put vets to work. >>> and moms have four months of paideave and two months for new dads. >>> "consumer reports" claimed that half of turkey samps contained fecal bacteria. the national turkey medication calls the study alarmist. >>> ray lahood is said to be assuring lawmakers that 149 small airport towers, slated to be closed in june, will remain open. >>> memorial day airfares are actually down slightly this year, to an average $341. >>> and aaa says april gas prices were the lowest in three years, at an average $3.55 a gallon. how far will $3.55 get you? well, if you're driving one of these concept cars at the supermileage challenge in indianapolis, one gallon of gas will take you over 1,000 miles. >>> coming up, tim tebow's offers are coming in. but they're probably not the kind he was hoping for. >>> plus, canada patrick's talents appear to go well beyond auto racing. [ male announcer ] running out of steam? ♪ now you can give yourself a kick in the rear! v8 v-fusion plus energy. natural energy from green tea plus fruits and veggies. n

blackstone? >> scott sanchez, planning department. if i can briefly summarize the discussions we had today. that would be work allowed on the building limited to improvement only to the bathrooms to make them a-d-a compliant. there would be no change of use. the permit is incorrect currently in stating that it's an existing office use and proposed office use. that would need to be corrected for mixed use retail and residential proposed retail and residential. i think action should be taken on all of the permits because there are plumbing and electrical permits that could be relevant to the a-d-a upgrades as well. so, the board could take action, grant appeal on all four permits with the understanding that the scope would be limited to a-d-a upgrades only and the bathroom and there would be no change of use and existing proposed uses would be clarified as retail to retail. i'm available for any questions. >> glad stone for mr. weston, the owner. yes, i agree with mr. sanchez. and with the permission of mr. williams, perhaps we can have

>> he is essentially saying, remember blackstone backed out.ght. >> blackstone backed out after dell is seeing an erosion in their business. we've seen this before from carl icahn. he does a big heavy push at the same time, the little caveat he is offering less money. so he is attacking the board saying essentially you're doing damage if you don't take our offer. we are trying to ameliorate the damage you the dell board is doing by not taking our offer. the again the big caveat he is offering less money per share. ashley: a lot of bluster. >> a lot of bluster. there you go. this is intensifying takeover battle. we'll stay on top of it. ashley: stay tuned as you say. emac, thanks so much. tune into "cavuto" tonight, at 8:00 p.m. eastern. guess what, carl icahn himself will join neil cavuto to discuss the latest offer at 8:00 p.m. eastern. tracy: you heard of 3-d movies, 3-d printers, what about 3-d smartphones? we'll get your virtual shopping cart already. amazon.com is developing a 3-d phone in the latest effort to compete with apple using reti

we asked john blackstone to look into this. >> reporter: the team artemis catamaran nosedived, flipped over and broke apart as it was making a maneuver described as difficult but normal. the sailor who died, 36-year-old andrew simpson, was trapped underneath. the boat had previous problems with a beam that holds the catamaran together. iain murray is the director of the america's cup regatta. >> what went wrong yesterday was a loss to the person and that's all we need to find out, you know? how you lose a person in a small boat with a lot of people. >> reporter: the death is evidence of the risk as sailing becomes an extreme sport. rich jepsen runs a sailing school on san francisco bay. >> this, i think, equates to things like formula 1 in nascar. you really can't say that it's safe, but that's not stopping people from pushing the limits and trying to excel at the highest levels of the sport. >> reporter: these boats lift right out of the water almost. >> they fly. >> reporter: they fly? >> they don't sail, they fly. >> reporter: how fast are these boats now? >> they're regularly hitti

and that is after blackstone backed off because the news came out that business is eroding. >> he would walk away. >> neither is t other team. i think the name of the game is here. ey don't want them to be private,. >> you know that you could make a lot more money, no matter how much the personal issues are involved here. >> there are 16% over the board. >> out of 60% that is going to make a lot of money make a lot of money. >> yes. that is the thing. they can't even do what they did he threaten to say that i am going to put this against you and wipe out your wholerecord. he said he has targeted. again, he is telling you exactly what he sees and anything else that goes with it. neil: okay, thank you very much. it is so smart that it is scary. okay, we have heard it all from the president. the health care love will save money and save lives. but you won't believe what it's going to do now, it will >> i h a friend that had a bad marriage just so she could have health insurance. we hope at this results in less bad marriages. il: a democratic lawmaker says that the health care law ill be go

a lot of people think blackstone will come out. there are lots of reports out there.ould this happened? charlie: this would be happening in weeks. i think it is mid-june. we are talking a couple weeks away. i will give you the best information i have. compare it to other people's. there is a massive investigation. they are focusing on steve steve cohen and the fund. likelihood is, the government wants to shut down the fund. this is my reading. i am just laying it out. they will not deny, they will not confirm it, they will not go near it. it becomes a game. is there a racketeering charge? this is the legal and game which has yet to play out. it will be interesting. liz: thank you very much. twenty-nine minutes before "the closing bell" rings. dow jones industrials on track to close at a high. we show you how to find the stock that has an expected 20- 20-50% growth in the next year. we have home prices jumping the most in seven years. is that a good thing? is it time to invest in your second home? we show you the best places to buy a vacation home. coming up next. ♪ we

john blackstone shows us how she's now putting them in focus. >> reporter: in palm springs beneath areal pictures of the photographs are people passing by, in particular those turning to stare. >> reversing the gase. >> look back at those looking at you. >> yes. >> she describes it as a social experiment, catching people in the act of reacting. she e captured this image in new york city. >> for me, the visual cue is, you know, a little of this guy, but mainly the guy with his hand on the belly. >> she first started taking these photos in 2010 in places as distant as spain and peru. >> i actually had notice thad the boys, you know, would snicker, you know, in my direction. here back behind me. >> with the help of an assistant, haley arranges the shot she wants before she takes the position. the camera is set to shoot photos continuously. haley never know as what happened behind her until she looks at the results later. >> this gentleman in particular, there's a couple of him walking down the street. he's fixed on me. it's like immediately. i don't know what he's thinking. >> while hal

and that is after blackstone backed offbecause the news came out that business is eroding. >> he wouldeither is the other team. i think the name of the game is here. they don'tant them to be private,. >> you kn that you could make a lot more money, no matter how much the personal issues are involved here. >> there are 16% over the board. >> out of 60% that is going to make a lot of money make a lot of money. >> yes. that is the hing. they can't even do what they did he threaten to say that i am going to put this against you and wipe out your whole record. he said he has targeted. again, he is telling you exactly what he sees and anything else that goes with it. neil: okay, thank you very much. it is so smart that it is scary. okay, we have heard it allfrom the president. the heth care love will save money and save lives. but you won't believe what it's we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing

wal-mart, ups, home depot, blackstone group, target and mcdonald's have all committed to doing just thatfor them. specifically your turkey, bacteria that is resistant to antibiotics. talking turkey, consumer reports 's specialist mike hanson. >> basically what we get there are pathogens. they are indicative of 90% of the samples that had one or more of these bacteria. 80% of that was resistant to three or more antibiotics. gerri: we are talking about roger, is that correct? >> that is correct. gerri: if i could get really well, will it go away? it can actually cause problems for you. >> oneegood thing we did find is that if the ground brown turkey was labeled as organic, no anti-boxer raised without antibiotics, the bacteria was on there was ignificantly less resistant to antibiotics. gerri: shut so i should look for organic? >> if it says no antibiotics are raised without antibiotics he won when we have antibiotics in our system, then what happens? what goes wrong? >> what happens here is most of the turkeys are often antibiotics but the resistance factor makes a big impact. gerri: what

anything about well one of the biggest buyers are now our institutional investors so that's firms like blackstone group are now buying single family homes and then turning them into rental properties and basically and then what they do after that is they packaged into another firm and then sell these off as an i.p.o. so they're i.p.o. in a lot of these houses so it's not necessarily average families that are buying homes right now a lot of it is because of these bigger larger investors so bottom line just what should we take away from all of this information from the protests to the settlements what should we take away from this well there's still a lot more that needs to be done we haven't seen a lot of these people people are still in a huge amount of pain and of actually the little people so the average americans that are that have been suffering the most from from these foreclosures and they haven't seen their justice yet and that was the main point of the rally artie's just seen under hell reporting for us today from constitution avenue with all those protesters thank you justin thank you. o

how did blackstone leave you as ceo and overall profile for the park?re new challenges right now in ownership? >> well, you know, we're delighted to be, have navigated through this ipo process but i've got to say we couldn't have done it without blackstein. the wisdom they brought to the process and guidance they provided for us is really nothing small. nothing to look past. they were a great, great partner in this process. now that we migrate through into public ownership, we're delighted to be in that realm, seaworld is a great retail name, a great brand. we'll have plenty of retail interest as well. when you look at our business, we have tremendous growth potential moving forward. whether as we mentioned, our 11th park opening this weekend or other development opportunities and, our performance has been terrific and if you're looking for something that's durable, durable investment, with some growth we're a good fit, very good fit. lori: so much focus on jobs, jim. do you know how many people you employ? >> we have about 22,000 people on payroll in o

john blackstone shows us why a man is being called a hero. >> reporter: when alaskan airlines landedlice arrested 23-year-old michael herrera. passengers said he tried to open an emergency exit in flight. ryan oelrich was one of the passengers on board. >> a loud hissing noise and lots of people screaming. >> reporter: henry and his son were sitting four rows back. >> what i saw was my dad came rushing out of the seat grabbed this man. >> something clicked and i just said -- i said i have my son, my 10-year-old son on the plane. >> the man just kept saying why are you doing this to me? why are you trying to hurt me? >> we were nose to nose. he looked at me with this strange -- i said what are you looking at? he said i'm looking into your soul. >> reporter: alaskan airlines said the exit remained locked and the cabin never lost pressure. the aircraft carried 137 passengers but henry says he acted for just one person. >> i was scared for my son. i mean, he's my life. >> all i know is he did something very good. >> reporter: for "cbs this morning," john blackstone san francisco. >> it's

." >> reporter: i'm john blackstone. headlines. this morning, police moved in to get occupy protestors off farmland in albany. dozens of officers have been monitoring the eviction of 50 campers. activists were at the site a year ago. angry at plans by uc berkeley to develop the property. >>> counselors will be at schools today in valley springs where a 12-year-old boy was arrested over the weekend for the murder of his 8 year old sister. the brother blamed an intruder and gave police a description that set off massive search. >>> and more questions about hardware on the new bay bridge span. 400 steal rods may be vulnerable to the same cracking that has played some of the bolts on the deck. a legislative hearing is scheduled for tomorrow to review the purchase. stay with us. traffic and weather coming right up. >>> good morning, drive times continues to be the westbound 580 drive-thru the livermore valley. coming through the pass still about 15 minutes between there and the dublin inter change. outside the bay bridge toll

big investors getting jittery as blackstone reportedly pulling on a change. and worried about going bust in the next big bubble? stay away. "countdown to the closing bell"% starts right now. liz: good afternoon, everybody, i am liz claman. for the first time ever, the russell 2000, small and mid-cap index surpassed the 1000 level today. lasted about 48 seconds. now just a few points below that, but when the smaller mid-cap growth stocks make a move, it is something for the moment. the 10-year chart, you see how hard-fought recovery from 2009 has been. look at barnes & noble now, another 9% gain, the stock has been looking very good the last couple of weeks did the russell 2000 is also closing a record 32 times, gold has broken off out of the eighth day slide, the longest since 2009. withdrawing from may 16, that is according to f our global, that shows newsy federal reserve is unwinding the bond buying program in the weeks old is no longer a safe haven, but today it is moving differently. maybe the yen has gotten a little too weak lately, that is really what

and john blackstone shows us what happened to the sailboat. >> the 72 foot catamaran capsized near 1.m. on thursday. as what began as crew training for the america's cup. >> about 12 people in the water. most of them able to get back up on the vessel with the exception of one person reported missing. >> 36-year-old olympic gold medal sailor andrew bart simpson trapped under water for ten minutes, despite revival efforts from paramedics, he was pronounced dead shortly after being brought to shore. >> we had a tragic day today on the day. and our thoughts and prayers are with andrew simpson's family his wife and kids. >> reporter: officials haven't said what caused the accident. but this wasn't the first america's cup boat to flip over in windy san francisco bay. just last october, another vessel capsized near the same location. there were no casualties but both incidents have raised concerns about the safety of these massive, high-speed yachts. >> fairly windy out here today. any time there is a sport of any kind there is risk involved. >> reporter: all of simpson's crew members have

a lot of houses are being purchased by blackstone, and this week we learned that china, the sovereigning houses with its -- >> individual properties? >> yes, with the foreign currency. so i think a lot of this is investor driven. it gives me pause on how strong this really is. >> cindy, you realize the prices, even though they are up at the highest pace, they're still about 30% below the peak? >> that's a really good point, the most important appoint. we're not there yet. i think we're just starting to get back to a little more normal, kind of seeing the early signs of it. but you're looking at most of the sales happening in existing homes. the think that will help drive the economy will be new home sales. >> back to 2003 in terms of levels. >>> let's go to another happy story here. the cruise industry, another pr nightmare for that industry, royal caribbean ship burst into flames at sea near the bahamas. have you ever been on a cruise? >> i was on a cruise once, and it's because i love my mother. i'll tell you something, i was completely shocked at the absolute lack of security on it

. >> steve is head of the blackstone group. the world's largest private equity firm.ording to estimates, he is worth $6.5 billion. but this story isn't how he makes money. it's about how he gives it away. >> 21st century program to develop leaders specifically for the world we live in today and needs in the future. >> last month he was in beijing to announce the scholars program to send 200 students a year to one of top universities. >> china is growing triple the rate. >> he has modeled his program on rhodes scholarships. he wrote a check for $100 million and he is raising $200 million more. >> you can see that a relatively small group of well-trained excellent people taking their place in society can have a very big impact on the future course of the world. >> hiring our veterans and military spouses is not just patriotic but it's a smart thing to do. >> chris: he was at white house on a different mission, black phone that employ 730,000 people will hire 50,000 military veterans over the next five years. >> i think it is good business, but it's also an essential par

. >> you went to work for blackstones. >> yes. >> what is that? >> is the biggest private equity house. i was in the leveraged-buyout business from 1988 until 2005, so i was caught up in the bubble like everyone else, and as long as greenspan was printing money and making wall street boom and that was there for the taking, a whole business developed of going out, buying companies, stripping out, loading them up with debt, stripping out the cash, paying the interest, eventually reselling them in the public market, to the next guy who thought he could do better, take the capital gains, and move along. now, there is nothing wrong with private equity if you have an honest market, where debt is not unduly cheap and a level tax playing field where debt and equity are taxed the same, but and involved in the 1980's 1990's, the fed policy made it dirt cheap, and then that was deductible. they would load up the companies with too much debt, and then when you sold them, you would take capital gains and only pay 15%. way tothe biggest launder ill-gotten gains

when blackstone was interested, of course, that was a different scenario.you're probably okay. and then you say mark zuckerberg, not on your list. >> no, definitely not on my list. nor is linkedin. cheryl: that's true. quentin, ma watch consumer reporter, interesting take on who may stay, who may go. we shall see. closing bell's going to ring, we've got eight minutes to go. after the break we've got the latest on bank of america and mbia's settlement. we'll be back. ♪ ♪ [ man ] on december 17, 1903, the wright brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪ . .. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shoutin] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhin

given, perhaps, a -- [inaudible] that had a lot of numbers in it, and all you did was look in blackstone's law book, and you would track down as we sort of try to indicate here, second line, so many letters over, and you'll get the word, and you'll eventually it together and get -- eventually paste it together and get a message. another one that is, of course, a symbol for different things. and finally, there was invisible ink which i can't illustrate here. [laughter] sorry. but if you with held a flame over these letters, the invisible ink message would come over. or, and there'd be an f somewhere on the letter to let you know, or you could dip it in acid, and the unvisible ink would come up. there was another method, too, which was -- well, you might say the old lady is waiting for you meaning some sort of another signal. there was that also. and there were spies and double agents. now, there are several views of peggy in history that have come down to it. some are novel, some are nonfiction books. the most common was was that she was in this gorgeous sexual siren. she married him when s