that's business news. >> at the new york stock exchange, reporting for bal tv 11 news. i don't know if you guys are have booked a vacation yet but $39 a flight is not too shabby. >> all right. we'll see you at 6:15. >> 57 degree this is morning. we'll get another look at your morning commute with traffic and weather together. adam jones playing in his first ever major league game plays a pivotal role. don't forget to email your answer. do you think congress will be able to meet the president's time table. send your we know why we're here. to stand behind all who serve. ♪ to deliver the technologies... vital to freedom. ♪ to help carry hope to those in need. ♪ around the globe, the people of boeing... are working together -- for what matters most. that's why we're here. ♪ 13 years in a row a major league all-star game. president barak obama handling first pitch honors with his white sox jersey on. second ining. driving in two, ties at game at two. the fourth save in the all-star game as the a.l. take it four years in a row. hope your day is off to a fantastic start. >> t

business news next. >>> and dry times in texas. the two-year drought being made worse by triple-digit temperatures. >>> it is a mixed picture for overseas stock markets this morning. tokyo's nikkei average rose nearly 0.3% today. hong kong's hang seng is tumbling. in london, the ftse opened higher. wall street starts the day with the dow at 9096, after slipping almost 12 points yesterday. the nasdaq added 7 points to close at 1975. >>> microsoft and yahoo! are teaming up to take on google. the two tech giants are finally expected to announce a search engine partnership today. microsoft has been courting yahoo! for several years, including a nearly $50 billion offer last year to buy the company. but even after joining forces, the companies will rank a distant second to google's search engine. >>> there is growing evidence the housing market is stabilizing. home prices rose in may for the first time in three years. but exrts warn it will still be several months before prices really start climbing nationwide. this report follows monda

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that is business news at the new york stock exchange. i'm michelle steele, bloomberg news reporting for wbal tv 11 news. you guys, have a great weekend. >> you do the same. we will see you back at 6:15 for the next report. many baltimore city dog owners fed up with lack of facilities for pets are dpandzing change -- demanding change. they attended a meeting for off-leash hours. the first prospective spot is patterson park. >> at patterson park blue was on the tennis court his owners having nowhere else to rub but change is coming. >> i think it is amazing this community is so full of animal lovers. it will be a great addition. >> not far away at general wolf middle school more than 100 supporters of the containing came out. >> there's a need to have something done about dogs in the patterson park area. it is a big enough park to accommodate users so we are trying to provide a solution to the dog issue. >> the city council changed a key law to allow dogs off the leash in special fenced in areas. >> there's a place for everyone in our park

that is business news at the new york stock exchange.ichelle steele, bloomberg news reporting for wbal-tv 11 news. hope you guys also had a very restful holiday weekend as well. back over to you guys. >> it actually was. thank you very much. we'll see you back here at 6:15. >> 5:24. it's 60 degrees. coming up, another look at your morning commute with traffic and weather together. >> and don't forget to e-mail your answer to our "watercooler question of the day." do you think alaska governor palin's resignation helps or hurts her political future? email your response to watercooler@wbaltv.com. hi, may i help you? yeah, i'm looking for car insurance that isn't going to break the bank. you're in the right place. only progressive gives you the option totoeme your price. here. a price gun? mm-hmm. so, i tell you what i want to pay. and we build a policy to fit your budget. that's cool. uh... [ gun beeps ] [ laughs ] i feel so empowered. power to the people! ha ha! yeah! the option to name your price -- new and only from progressive. call or

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that is your business news. live at bloomberg headquarters in new york, i am linda bell. doug and alison, back to you. >> thank you. >>> 64 degrees. the news continues. >> still ahead, it is the video you have to see to believe. a metro train operator texting while on the job and at the controls. >> we have a cold front moving through. it is paving the way for some changes. it is paving the way for some changes. for your retirement makes sense, just stay on track. what is...? that's the guidance you get from fidelity. thanks. stay on the line! whatever your destination, fidelity has the people, guidance, and investments to help you find your way. ah, just installed fios in the whole building. now everyone has the fastest upload speeds. and we're giving them a mini netbook. well, i'm sticking with cable. so's ted. (voice) no i'm not! he's just goofing. (voice) no i'm not! (sighing) ted has betrayed me. (announcer) switch to verizon fios tv, phone and internet today and get an ultra-sleek compaq mini netbook. call the verizon center for customers with disabilities at 800.97

that is business news at the new york stock exchange. i'm michelle steele reporting for wbal tv 11 news. back to you guys. >> see you back at 6:15. >> it is 5:20, 57 degrees. we will get another look at the morning commute coming up. >> the orioles seem to be getting this comeback continuing down. coming up, exciting highlights of a come-from-behind win in seattle. >> don't forget to e-mail us your answer to the water cooler question of the day. how do you feel about the idea of speed cameras being set up in baltimore city? e-mail y with just a few adjustments, the plan we worked on for your retirement makes sense, just stay on track. what is...? that's the guidance you get from fidelity. thanks. stay on the line! whatever your destination, fidelity has the people, guidance, and investments to help you find your way. >> good morning, everybody. a week after the greatest comeback in team history the orioles did it again yesterday coming back from a 3-0 deficit in the ninth to stun the mariners in seattle. brian roberts got the day off bec

that's business news at the new york stock exchange. i'm michelle steele, bloomberg news reporting for wbal-tv 11 news. back over to you guys. >> thanks, michelle. see you back here at 6:15. >> 5:22. 68 degrees on tv hill. coming up, another look at your morning commute with traffic and weather together. >> it may sound like it but i'm not bragging when i tell you come on back because we have perfect game highlights for you coming up. as in highlights of a perfect game. >> all right. don't forget to e-mail your answer to the "watercooler question of the day." do you think parents should be held responsible for a child's actions in animal cruelty cases? email your response to watercooler@wbaltv.com. being smart. yep. just booked my 10th night on hotels.com, so i get a night free. you. me. getaway. really? where? anywhere you want. a bed and breakfast? bed and breakfast. check. a place by the beach? a place by awesome. oh, you are smart. accumulate 10 nights and get a night free. welcome rewards from hotels.com. smart. so smart. >> you ca

business news, straight ahead. >>> and the democrats are rolling out their health care proposals.e president supports it. the republicans are ready for a fight. >>> stocks are higher across the board this morning. tokyo's nikkei average ticked up 0.1% tay. hong kong's hang seng is up big. and in london, the ftse opened with solid gains. wall street starts the day with the dow at 8359, after adding 27 points yesterday. and the nasdaq rose 6 points to close just below 1800. >>> computer chipmaker, intel, could help keep the momentum going on wall street today. the company's shares are set to rise, after reporting much stronger-than-expected sales for the second quarter. intel also provided an encouraging outlook for the rest of the year. intel's results are closely watched because they reflect the health of the technology industry. >>> there are no signs of a recession at wall street power house goldman sachs. the company earned nearly $3.5 million last quarter. that means big bonuses for its workers. goldman has set aside $11 billion for compensation so far this year. >>> cutbacks

that's part of the business news straight ahead. >>> and president obama is set for a full-court press for health care reform but the clock is working against him. hmmm... well... naaa... yeah! calculating for getaway. ♪ find your way to a perfect destination at busch gardens... and water country usa... where family-fun surrounds you... and world-class rides astound. start at buschgardens.com. it's the all new sesame street forest of fun... at busch gardens in williamsburg. with four family-friendly rides... and everyone's sesame street friends. ( elmo giggles ) ♪ big and small! there's fun for all! ♪ >>> stocks are starting the week higher building on wall street's best week since march. the market was closed in japan for a holiday but hong kong's hang seng is sharply higher. the ftse opened higher and the dow starts at 8743 after surplusing nearly 600 points last week. the nasdaq jumped 130 points to close at 1886. >>> one of the nation's biggest lenders to small and midsize business is getting an emergency loan. cit group's major bond holders are lending the company $3 billion. help

that's in your business news, straight ahead. >>> as we mentioned, we're off to the private's hometown, to see where those who knew him and know him are dealing with this captivity. one four star hotel. two identical rooms. so why does this one cost so much less on hotwire.com? because when four star hotels have unsold rooms, they use hotwire to fill them, than any other travel site. guaranteed. travelocity price $195. on hotwire just $98. the same great room, just less than other travel sites. hotwire.com. four star hotels. two star prices. h-o-t-w-i-r-e, hotwire.com save big on car rentals too. from $13.95 a day. my daughter was with me. i took a bayer aspirin out of my purse and chewed it. my doctor said the bayer aspirin !saved my life. please talk to your doctor about aspirin ad your heart. i'm going to be grandma or a long time. with special savings on "select fabrics on all frames you choose the fabric we custom make it it's more affordable than you think. ethan allen offer ends july 31st. >>> and it is time for a check of market activity, starting overseas. tokyo's nikkei avera

small businesses create jobs. approximately 2/3 of new jobs in the last decade. with a shaky economy and the need for new jobs, the last thing that the president and congress should do is impose new taxes on america's small businesses. new taxes on small business would cripple job creation, especially jobs for low wage earners. >> there is no doubt major hurdles do lie ahead for the president's health care initiative. jim acosta from cnn explains the battle is about to get very personal. >> reporter: before washington takes another step on health care reform, this woman wants the politicians to hear her story. >> if we don't change this now, my story will be their story. >> reporter: her 17-year-old cancer-stricken daughter natalie made national headlines when the health insurance company denied coverage for a liver transplant in late 2007. they raised the rockets and the company reversed its decision. the moment caught on camera. but it was too late. that same evening, natalie died. >> now she's in heaven. >> reporter: she was brought to washington by democratic

the government's, can save up to $9,000 on a new vehicle. >>> remember, you can get the latest business news anytime on our website. the address is abcnews.com. >>> and coming up this morning, a new look at last week's light rail crash in san francisco. human error is now the focus. >>> and trials for a swine flu vaccine are about to get underway. the fall flu season is only getting closer. re;Ñ >>> welcome back. these are the latest headlines from abc news. president obama takes his campaign for health care reform to ohio today. he'll visit the cleveland clinic and hold a town hall meeting. >>> at his news conference last night, the president said that the arrest of a harvard black studies professor proves the need for better policing techniques to eliminate potential bias. >>> and at least six people were hurt in a gang related shooting on or near the campus of texas southern university in houston. >>> the call is going out for thousands of volunteers to roll up their sleeves to test the first h1n1 swine flu vaccine. there is growing concern about what's going to happen when flu season sta

michelle steele joins with us that story and the rest of the business news in the "bloomberg businesseport." happy monday to you, michelle. >> happy monday to you, too. first story hits close to home for me because i am from chicago and we are hearing reports specifically from bloomberg news, the chicago cubs may become the first major league baseball team in 39 years to file for bankruptcy. this according to bloomberg which says cubs owner, tribune, is seeking chapter 11 in december, now considering a separate filing for the cubs, looking to sell the franchise after months of negotiations. people familiar with the matter say a brief cubs bankruptcy would be a legal tack i can to clear the team from any future liability in the tribune bankruptcy so, of course, the cubs very successful, making a lot of money, but they want to make sure that that asset is free and clear of liabilities as it moves to a new owner. meantime, bankruptcy also looming in the skies. tougher borrowing conditions have u.s. airlines facing the production pect of chapter 11 protection. american airlines, delta, un

and that is business news. back to you. >> thank you very much. 5:26. the news continues with "good morning washington" at 5:30. more delays for red line riders. >> i am pamela brown live in manassas. crews worked overnight to shut down one of the biggest inconveniences -- the biggest conveniences' on a road. >> more of the same like yesterday. off and on n what's up, smart? being smart. yep. just booked my 10th night on hotels.com, so i get a night free. you. me. getaway. really? where? anywhere you want. a bed and breakfast? bed and breakfast. check. a place by the beach? a place by awesome. oh, you are smart. accumulate 10 nights and get a night free. welcome rewards from hotels.com. smart. so smart. >> live and in hd, this is "good morning washington," on your side. >>> good morning, washington. it is now tuesday, july 21. i am doug mckelway. alison has the day off. your traffic and weather together every 10 minutes. brian they -- brian van de graaff is back from the evening shift and vacation. >> we needed rain. only about 1/4 of an inch of rain has

this story leads today's business news. >> reporter: the president left for a trip that will take him russia and then to italy to attend a g-8 summit where leaders of the leading economic powers are discussing ways to end one of the worst recessions in living memory. china's president is already in italy, is expected to push for a bigger role for developing countries in global finance. back in the u.s., a dismal jobs report could set the stage for a roller coaster ride on the stock markets this week. u.s. employers cut 467,000 jobs in june, pushing the job let's rate to a 26-year high. there may be some good news ahead for consumers. the energy information administration will release the new retail gasoline prices today. >>> and general motors could come out of bankruptcy this week. a judge still needs to approve a deal that transfers 60% of gm ownership to taxpayers and the rest of the canadian government, united auto workers union and bondholders. under the plan gm will also close more than a dozen factories, drop brands and shut 40% of its network of 6,000 dealerships. that's the l

that's the latest business news. >>> in "2 your health" education officials from across maryland areg in annapolis today for what they are calling a summit to discuss the swine flu. they plan to talk about potential vaccines, new ways to report swine flu and the emergency preparedness. as they get set for the flu season they say it's a priority this fall. >>> and president obama continues his push to reform the health care system. he hoped to have a bill passed before congress took its summer break next month. >>> on the sunday roundtable some members of congress argued that the deadline is not likely to be met. a spokesman said the president remains optimistic. >> the president believes that we're making progress and as long as we're making progress that's a very good sign on an issue that we've been debating for 40 years. >> house speaker nancy pelosi says she believes there are enough votes to pass the president's health care reform bill in the house. >>> we are deep into summer which means well into wedding season. it turns out new research shows that married people are more than

that's business news at the new york stock exchange. i'm michelle steele, bloomberg news reporting for wbal-tv 11 news. lisa and mindy, back over to you. >> thanks. we'll see you back here at 6:15. >> 5:23. 63 degrees on tv hill. coming up, another look at your morning commute with traffic pulstrafficpulse 11. >> and e-mail your answer to the "watercooler question of the day." what is your favorite memory of the legendary journalist walter cronkite? email your response to watercooler@wbaltv.com. >> long before there was a space station there was mercury, gemini, then apollo. and it was 40 years ago today that mankind stepped on to the moon for the first time. >> and today we're getting a better look at their mission. tom costello reports. >> coming down the ladder now. >> this is how 600 million people watched neal armstrong and buzz al drin take their first steps on the moon. now 40 years later this. a 21st century digital makeover of armstrong's first steps of buzz aldrin coming down the ladder with far more clarity. >> beautiful. >>

that is in your business news straight ahead. >>> and there's just a couple more days to say alaskan governor, sarah palin. our new poll says what americans >>> overseas stock markets are mixed this morning, after wall street hit its high water mark for the year. tokyo's nikkei average climbed 1.5% today. hong kong's hang seng is higher. in london, the ftse opens slightly lower. wall street begins the day with the dow above 9000 for the first time since january, after adding 188 yesterday. the nasdaq jumped another 47 points to 1973, extending its longest rally since 1992. >>> the market may have trouble holding on to those gains today, after a batch of disappointing earnings reports. shares of microsoft are set to tumble after the company said its profit for the quarter fell nearly 30% because of weak computer sales. microsoft also posted its first full-year revenue drop in its history. >>> amazon stock is set to fall today, as well. investors were expecting a blowout quarter from the online retailer. but they didn't get it. amazon's bottom line was hurt by weak sales of video games.

that's in your business news, straight ahead. >>> as we mentioned, we're off to the private's hometown, to see where those who knew him and know him are dealing with this captivity. >>> and it is time for a check of market activity, starting overseas. tokyo's nikkei average soared nearly 3% today. hong kong's hang seng is lower. in london, the ftse opened higher. wall street starts the day with the dow in the black for the year. the benchmark jumped 104 points yesterday to close at 8848. the nasdaq extepided its winning streak to 9 days, adding 22 points to close at 1909. >>> investors will be watching washington closely today. federal reserve chairman ben bernanke, begins two days of congressional testimony on the state of the economy. bernanke will likely be grilled about the stimulus plan, the bank bailout and the foreclosure crisis. wall street will be listening for clues that the fed is ready to dial back some of its extraordinary measures to keep inflation in check. >>> kra c appears to have solved its budget crisis. but now has another major problem on its hands. its public empl

. >>> time for business news. happy friday morning. >> the trading week is coming to an end with investors watching more corporate earnings reports. we have general ledger and citigroup today. google reported slowing sales. -- we have general electric and citigroup today. google's adds fetched the war prices. look at how investors are in -- are reacting to that news. they are also taking in earnings news from ibm. the house has approved a plan to force general motors and chrysler is to restore the agreements with dealerships. the fate is still uncertain in the -- the bill's fate is still uncertain in the senate. that is your business news. live at bloomberg headquarters in new york, i am linda bell. alison and greta, back to you. >>> we have an update right now. pope but it has broken his wrist. he was a bit -- popebenedict has broken his wrist. he was vacationing in the alps. we will bring you more information as it becomes available. >>> 5:28. the news continues. >> still ahead -- >> taking my own showers would

the business news straight ahead. >>> and sarah palin talks about what's next after she leaves alaska's statehouse. she may be resigning buthe is not stepping aside. and about lipitor. >>> investors are bracing for a flood of corporate earnings this week. hundreds of companies are reporting results from the second quarter. those numbers could give important clues about what direction the economy is heading. >>> overseas markets are anticipating a rough week. tokyo's nikkei average tumbled 2.5%. hong kong's hang seng is down big. in london the ftse opened lower. wall street starts the day with the dow at 8,146 after falling 134 points last week. 9 nasdaq fell0 points to close at 1756. >>> one company expecting good news this week is goldman sachs. the banking giant will reportedly announce a blowout second quarter profit tomorrow. perhaps in excess of $2 billion. the results come weeks after gold pne repaid its government bailout and just months after the financial industry nearly collapsed. >>> the names of thousands of americans hiding money in secret swiss bank accounts could soon be

that is your business news. live at bloomberg headquarters in new york, i am linda bell. doug and alison, back to you. >> thank you. >>> 5:27, 64 degrees. the news continues. >> doesn't rally in the district for laura ling and another american journalist held in captivity in north korea. >> it is a new day for the general motors. i am tracking the latest financial news from our newsroom. >> i am live in t weather center. one more day of comfortable humidityhumidity fios guy! where ya headed? ah, just installed fios in the whole building. now everyone has the fastest upload speeds. and we're giving them a mini netbook. well, i'm sticking with cable. so's ted. (voice) no i'm not! he's just goofing. (voice) no i'm not! (shing) ted has betrayed me. (announcer) switch to verizon fios tv, phone and internet today and get an ultra-sleek compaq mini netbook. call the verizon center for customs with disabilities at 800.974.6006 tty/v >> live and in hd, this is "good morning washington," on your side. >>> happy friday. good morning, washington. it is july 10. i'm alisontarling. >>

that is business news at the new york stock a change. reporting for wbal tv 11 news. another busy day for us here on wall street. back over to you. >>> thank you. >> it is 69 degrees sunday the hill. we will have another check your morning commute with weather and traffic together. >>> we will tell you about the linebacker for the ravens next. >>> do not forget to respond to the water cooler question of the day. are flu concerns causing you to change any of your summer vacationing plans? email us your response to watercooler@wbaltv.com. what's up, smart? being smart. yep. just booked my 10th night on hotels.com, so i get a night free. you. me. getaway. really? where? anywhere you want. a bed and breakfast? bed and breakfast. check. a place by the beach? a place by awesome. oh, you are smart. accumulate 10 nights and get a night free. welcome rewards from hotels.com. smart. so smart. >>> quarterback and defensive tackle is aware -- quarterback and defensive tacklers beware. the deal is done for r terrell suggs -- for terrell suggs. he remains a ravens for six years. he

that is business news. i am linda bell reporting for abc news. back to you. >> thank you. >>> 5:27. the news continues. >> in our next half hour, there is relief in a small south carolina community. how a police standoff finally came to an end. >> in just hours, fans will get to sit their final farewell to the king of pop. >> adam caskey live in the weather center. >> adam caskey live in the weather center. no humidity out there for now. yeah, but, wow! it looks like you guys have everything. we sure do -- we help millions of people save. look -- we're number one in motorcycle insurance, a leader in boat and rv, and -- oh, wait, let me guess. you're the number-one truck insurer. wow, first guess! nailed it. oh, you're psychic! what am i thinking of right now? tacos? yes! helping you save money no matter what you drive. now, that's progressive. call or click today. >> live and in hd, this is "good morning washington," on your side. >>> good morning, washington. it is tuesday morning. 5:30 is your time. i'm alison starling. >> and i'm doug mckelway. would begin with your traffic and w

that is your business news. live at bloomberg headquarters in new york, i am linda bell. doug and alison, back to you. >> thank you. >>> 5:28, 65 degrees. the news continues. >> in the next half hour, the fallout over a metro train operator caught texting while in the driver's seat. >> police say they have saw out steve mcnair's murder. we will tell you about the motive. >> adam caskey live in the weather center. we had a perfect day yesterday. we will see how today it will prepare. we will see how today it will prepare. for your retirement makes sense, just stay on track. what is...? that's the guidance you get from fidelity. thanks. stay on the line! whatever your destination, fidelity has the people, guidance, and investments to help you find your way. >> live and in hd, this is "good morning washington," on your side. >>> welcome back to "good morning washington." we are glad you are joining us. i'm alison starling. >> and i'm doug mckelway. would begin with your traffic and weather together every 10 minutes. here is adam caskey to tell us more about how things are in

that's business news at the new york stock exchange. i'm michelle steele, bloomberg news reporting for wbal-tv 11 news. stan and mindy, back over to you. >> we'll see you back here at 6:15. >> 5:22. it's 71 degrees on tv hill. coming up, another look at your morning commute with traffic and weather together. >> and e-mail your answer to our "watercooler question of the day." what do you think the future holds for former alaska governor sarah palin? email your response to watercooler@wbaltv.com. >> a second cemetery in chicago under scrutiny that it stacked bodies and resold plots. a family filed a lawsuit against glennwood memorial gardens claiming the cemetery tried to resell a blot where two family members are buried. police are investigating after a human bone was found lying in the ground there. police charged four workers at burr oaks cemetery in a similar scheme. >> it seems -- >> a paralyzed california law student is now fighting to take the bar exam after her application was never processed due to a filing error. sarah pants to

that is your business news. live at bloomberg headquarters in new york, i am linda bell. back to you. >> thank you. >>> 5:28. the news continues. >> still ahead, investigators searching for the cause of michael jackson's death had to is dermatologist's office. >> another day of tough questions for judge sonia sotomayor. a look at how the president's pick is doing. >> high pressure is pushing off shore and an we know why we're here. to stand behind all who serve. ♪ to deliver the technologies... vital to freedom. ♪ to help carry hope to those in need. ♪ around the globe, the people of boeing... are working together -- for what matters most. that's why we're here. ♪ combo of summer is here. featuring arby's new bbq bacon cheddar roastburger with curly fries and a drink for only $5. it's the $5 combo done better. >> live and in hd, this is "good morning waington," on your side. >>> good morning, washington. welcome back. i am alison starling. >> and i am greta kreuz. your traffic and weather together every 10 minutes. we start with adam caskey. >> we will get into an unsettl

that is your business news. live at bloomberg headquarters in new york, i am linda bell. back to you. >> thank you, linda. 67 degrees. 5:29. the news continues. >> in our next half hour, the latest on the deadly helicopter crash. the information you need to know. >> more traffic troubles in montgomery county. we have the latest on the intercounty connector construction. >> we picked up a couple of inches of rain yesterday in some locations. what's up, smart? being smart. yep. just booked my 10th night on hotels.com, so i get a night free. you. me. getaway. really? where? anywhere you want. a bed and breakfast? bed and breakfast. check. a place by the beach? a place by awesome. oh, you are smart. accumulate 10 nights and get a night free. welcome rewards from hotels.com. smart. so smart. >> live and in hd, this is "good morning >>> good morning, washington. happy friday. july 24. i'm alison starling. >> and i'm doug mckelway. we will have the latest on that helicopter crash on interstate 70 in just a moment. your traffic and weather together every 10 nutes. let's get to br

we have all of the business news for you in our bloomberg business report. >>> good morning. e may at some upbeat news from the housing market for once. builders are breaking ground on the same number of houses in june as they did in may. that is a good thing. housing starts indicates the industry slump is easing. economies are expecting building permits to increase of the past month. that is a breath of fresh air for the market. on to the markets, u.s. stocks climbing for the fourth straight day. the s and p is capping its best for a rally since march. we have a ton of earnings out right now. bank of america common huge companies are reporting this week. cit group is hanging by a thread. it may need as much as $6 billion to avoid filing for bankruptcy. bondholders are discussing whether to swap debt for shares. if it goes under, it will be the biggest bank collapse since washington mutual last september. at the new york stock ashamed, i am michelle reporting for wbal tv 11 news -- stock exchange, i am michelle reporting for wbal- tv. >>> age has its privileges in the british

. >>> time for an update on business news. >> good morning. after a huge gain on stocks last week, it looks like we will get another higher open this morning. stock futures are indicating gains. the latest on cit may help give them a boost. they may have dodged a bankruptcy bullet. they planned to many small-sized businesses. they may announce an agreement for as much as $3 trying -- 30 -- $3 trillion. the demise of cit would have been the biggest bank failure since washington mutual last year. and that is business news. i am reporting for abc 7 news. back to you. >> thank you. >>> 5:26. the news continues. still ahead, and promotional message from a captured u.s. soldier. new details about the man taken by the taban next month. a different kind of battle closer to home. the latest in t battle between civil war history and walmart. >> a few scattered showers and thunderstorms to the south of dc could iacmp if we don't act, medical bills will wipe out their savings. if we don't act, she'll be denied coverage because of a pre-existing condition.

eastern on hln. >>> we are going to honor a giant of the news business today. we want to hear your memories of the man who told us the way it was for decades. >>> we are hearing a lot from you who are mourning the loss of beloved news anchor walter cronkite. many of the public figures speaking today about his death are themselves old school journalists. you're letting us know uncle walter was very relevant to many young americans as well. i-reporter, kyle, attended the walter cronkite school of journalism at arizona state university. >> obviously we have i-report but he was very involved and wanted to be part of the next generation and the next wave of broadcasting into the new media. so it was definitely something he was trying to take what he knew and pass it on to students now that hopefully one day will be like him. >> and now let's hear from this i-reporter who does his own let's just say unusual newscasts on the internet under the name of naked boy news. >> he is an amazing journalist. he was one of those people that was not only a gentleman but had the ut

business, of course, he could make fun of the news business, as you can see when he would go on and do a walk-on on mary tyler moore or whatever, but walter was a very kind man, when i became co-anchor, he called me up right away and gave me some of his sage advice. >> what did he say? >> he said "connie, just be yourself." and i took that to heart because i think he was. he wasn't trying to be someone else or trying to create an image that was false. he was walter cronkite, and he was passing along what he did, and i -- it couldn't have been better advice because i always was who i was too. so he thought that people who were on the air had many of them had created false images of themselves, and he highly disapproved of that. he also didn't -- i know that he didn't like the pendulum swinging in a different direction in the news business, and he was not happy with that. but he was always gracious. i think later on when he was maybe 80-something he said something that was quite blunt and perhaps viewed by some as being unkind, and i said to my husband "oh, my god, i've neve

business, of course, he could make fun of the news business, as you can see when he would go on and do a walk-on on mary tyler moore or whatever, but walter was a very kind man, when i became co-anchor, he called me up right away and gave me some of his sage advice. >> what did he say? >> he said "connie, just be yourself." and i took that to heart because i think he was. he wasn't trying to be someone else or trying to create an image that was false. he was walter cronkite, and he was passing along what he did, and i -- it couldn't have been better advice because i always was who i was too. so he thought that people who were on the air had many of them had created false images of themselves, and he highly disapproved of that. he also didn't -- i know that he didn't like the pendulum swinging in a different direction in the news business, and he was not happy with that. but he was always gracious. i think later on when he was maybe 80-something he said something that was quite blunt and perhaps viewed by some as being unkind, and i said to my husband "oh, my god, i've neve

time for the latest headlines and business news. linda bell is live from new york. good morning, linda. >> good morning to you, doug and alison. looks like concerns about a weakening u.s. dollar may weigh on stocks as president barack obama meets with top russian officials today and tomorrow. comment in european officials are pushing down the dollar and euro this morning. russia's president said earlier that the world is too reliant on the dollar and euro. as investors react stocks in europe are lower with energy shares helping to lead the way lower. look here back in the u.s. u.s. stock index futures pointing to a lower open after the losses friday. some progress in the auto industry. general motors won approval over the weekend to sell most of its assets to a buyer furnished by the u.s. treasury paving the way to emerge from bankruptcy with the government at the majority ownership. that is business news live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. >> 5:27 is the time. 61 degrees. the news continues with "good morning, washington

that is business news at the new york stock exchange.'m michelle steele, bloomberg news, reporting for wbal tv 11 news. back to you. >> we will see you back at 6:15 for the next report. it is 5:22. coming up we will get another look at the morning commute with traffic and weather. >> coming up in sports a mutiny by the players in the lfrjs pga tour -- lpga tour. >> don't forget to e-mail us the answer to the water cooler question of the day. what do you think about legalizing marijuana to fill in a state's budget gap. e-mail us your response to discover a light yogurt like no other. activia light! delicious, fat free, and above all... the only one that has bifidus regularis and is clinically proven to help regulate your digestive system. activia light. ♪ activiaaa! julia tolbert, tell me your story. well, my irregularity was only occasional. i honestly thought it was just a part of life. what made you first try activia? i saw this ad, and i said, ok, i love yogurt. and it worked. ♪ activia >> in the bitter irony department it is supposed

he founded a gps-guided business called new orleans cruises.ys the best part, you don't have to stick with the tour bus itinerary. >> you can go as far as you want to go, as long as you can. whenever you're ready to come back you press home and it will show you how to get right back here. >> the other? 80 miles to the gallon. that's what the scooter gets. >> hope it doesn't rain. >> yeah, right. >>> lots more ahead. >> including how a businesswoman whose shop was vandalized, hey, she's going to fight back. you've got a strawberry pop-tart, but i've got a warm, fresh baked strawber toaster strudel. see the difference? mmmm. i do. (announcer) pillsbury toaster strudel. the one kids want to eat. kids are hungry after school. that's why i always have totino's pizza rolls. big pizza taste. in a bite size roll. kids can't resist their delicious pizza flavor. totino's pizza rolls. the pizza way to snack. >>> 5:24. let's go for "tech bytes" with jeremy hubbard with abc. >> in "tech bytes" -- verizon may not have the iphone but will soon have its own ap

new york with tech bytes. jeremy? >> reporter: a rough summer for the video game business could be good news for consumers.intendo and sony reported thursday that console sales are dropping. last week, microsoft said its x box lost money. that means console prices will probably come down or the companies will add more extras. nintendo hasn't cut the price of the wii since it was released three years ago but it may start throwing in free games. >>> and usa today's ed begg toasted out yahoo's home page. >> i like it quit a bit. probably the main feature is this my favorites panel along the left side of the screen. this is fully customizable so you can add lots of third parties to this panel. it doesn't have to be yahoo properties. you'll find facebook, ebay and usa today and several others. >> reporter: you can read ed's column every week on usa today's web site. >>> you've probably seen the video on youtube and now you may own the song. millions have watched jill peterson, kevin heinz and wedding dance party dance down the aisle on the video sharing site. the song they are dancing to chris brown's "forever"

. >>> first, here's a look at the latest business news from new york. >> reporter: good morning. topping your money scope report. the government's cash for clunkers program appears to be running on empty. the $1 billion program may be running out of money just a week after launching. the white house and lawmakers are scrambling to keep the incentives from trading in clunkers. >>> a report out this morning is expected to show the recession ease this spring. the second quarter gdp shrank, a big improvement from the previous six months. >>> and wall street is on pace for its best july in 20 years. the dow added another 83 points. >>> a new report says there is no rhyme or reason for the way wall street banks reward 0 bonuses. the banks that received the biggest taxpayer bailouts handed out $43 billion in bonuses. nearly 5,000 workers at firms including goldman sachs and citigroup took home more than $1 million each. >>> southwest airlines is look fog expand. the low cost carrier submitted a bid for bankrupt frontier airlines. the deal would help move it into markets such as atlanta

that's the latest in business news. >>> 5:14. iness to health news -- we know that cutting calories can help people look and feel better. this week results of a 20-year study found that extreme calorie cutting can also help you live longer. take a look. >> reporter: the pictures say it all. on the left a hag guard balding monday. on the right a youthful one, both the same age. the difference, the more fit monkey fed a third less for his entire life. the 20-year study found monkeys not on the diet were three times more likely to die of age-related causes. >> if you look at the rates of cancer, diabetes, heart disease, the differences emerge almost immediately with the calorie restriction. >> reporter: to paul and meredith, both in their early 60s the study reinforces their lifestyle. they are among thousands of americans who practice calorie restriction. they say they actually welcome feeling hungry. >> when that happens i -- i know this sounds perverse but i get really excited because i know that i've done what i meant to do. i fe

year's budget, but he said they are essentially wiped out. >>> well, we're following some big business newsning. general motors is out of bankruptcy after just weeks in bankruptcy. >> cnbc's matt nesto joins us live now with more on that and the rest of the morning's business news. good morning, matt. >> reporter: hi. interesting. we are weaker here today, and pretty much at our low. this session looks like we're headed to our fourth consecutive weekly loss. this market hasn't had a big day sell-off but we are bleeding to death. just 40 short days in bankruptcy, and they're out. it's the new gm. it's leaner, it's meaner, it's more focused and it doesn't have that crushing debt and contractual obligations hanging over its head. it will now do business via just four brands, chevy, cadillac, buick and gmc. get ready for this. aig looking to pay out more bonuses to key executives. "the washington post" reporting government-funded insurer will seek the blessing of president obama's new compensation czar before writing any checks, but indeed wants to pay $2 million in bonuses that created a fires

we have the business news next with michelle. >> good morning.he special inspector general for the treasury department tarp program is sounding alarm bells this morning. according to a prepared statement ahead of testimony for a house hearing today. the treasury department says it has collected 200 million dollars in tarp repayments so far. the panel is scheduled to vote to require passengers to get off the plane after sitting for three hours on the tarmac. u.s. stocks are rising. the s&p 500 is climbing to its higher level since november. stock index futures are indicating a wide open spread. we are watching lockheed martin which will be releasing its second quarter earnings. the senate is scheduled to vote on a defense policy spending bill. back to you. >> thank you. we will see you back here for your next report. we will take another look at your morning commute with traffic and weather together. >> they reached and a swing to make all the difference in the outcome in new york with the baltimore orioles. that is coming up next. >> do not forge

that is your latest business news this morning. >>> in these tough times many of us continue to cut backt has businesses scrambling. many of the names that we all know, we all love, they are beginning their bankruptcy proceedings. in fact cnnmoney.com released a list of 12 big-name brands going broke. here are a few of them. six flags, they operate a park in prince george's county. eddie bauer. as is filene's basement. one time media giant tribune company which owns the struggling "the baltimore sun" as well. to see the complete list, head to abc2news.com, from there there's a link to their web site from ours. so check it out. >>> in this recession many of us are looking for ways to curb unnecessary spending without sacrificing your health. that can be hard to do. abc2 news is working for you and your health concerns. health reporter kelly swoope shows us some simple ways to save on medical costs. take a look. >> reporter: pain at the pump. making the most of your money at the market. just some of the ways people are cutting corners but what is the prescription for cheaper medical care?

i think putin has one foot in the old ways of doing business and one in the new. >> reporter: the leaders are meeting to discuss nuclear disarmament, the growing threats of nuclear and iran. they'll also focus on afghanistan. the u.s. wants guaranteed access to key supply routes that run through russian territories as they ranch up the fight against the taliban. on those key issues, analysts say mr. obama must deal directly with putin. and he must be tough. prime minister putin has said he hasn't ruled out another run for the presidency in 2012. all the more reason that while mr. obama may want to focus on the current russian president, he cannot ignore the powerful prime minister. jeremy and vinita? >> yunji, curious of getting sense what the russian people think of the new american president. >> reporter: it's very interesting because recent polling suggests the majority of russians have a very favorable view of mr. obama but the majority still has an unfavorable view of the u.s. this is, of course, the first time that the president comes here as president. he's got to make a very stron

business. we kick off our new focus on family business. tonight's "all in the family" introduces us to the people behind glunz beer. >> suzanne: i'm suzanne pratt. >> jeff: and i'm jeff yastine. this is "nightly business report" for friday, july 31. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> suzanne: good evening, everyone. the government's wildly popular "cash for clunkers" program may be on its way to refueling. the house of representatives today quickly approved an extra $2 billion in funding for the program. a flurry of sales exhausted most of the program's initial billion dollars in less than a week. and the white house said today if americans are planning to buy a car this weekend, "cash for clunkers" continues to run. as dana bate reports, lawmakers are trying to keep the car buying momentum going. >> reporter: lawmakers wasted no time in throwing a life line to the "cash for clunkers" program. its surprise success has led to