cheryl sandberg stopped by to lend her surntd and she's coming out with a book in a couple of months. it's something that i think -- it's so frustrating because women have so much purchasing power and always have, especially online now. and a lot of the start-ups are commerce-related and maybe even female-oriented, yet funding isn't quite there. >> is it -- >> for those who don't follow every bit of facebook, cheryl sandberg the number 2 at -- >> sure. >> what's the issue? where's the problem? is it that venture firms aren't -- >> so i'll give you an example. i talked to one prominent vc. will silverin. all of your problems are men. why do you not have any women who are partners at your firm? and he gave the binder full of women answer. we interview candidates. we always look for good women. but we just try and hire the best candidate and we haven't -- >> they don't know enough of them, right? >> so i asked william draper about that. historic figure. he said you're right, it's a boys' network. usually you hire people you remember from college. sought binders answer kind of applies to

there is speculation that tim geithner's job will probably go to jack lu but there is talk of cheryl sandberghief of staff to larry summers and served on the president's job council. she serves on the walt disney board of directors and disney owns abc, as well as this tv station. with sandberg christina rover's name being flolted for the post. until two years ago the economist was chair of the council of economic advisors and google executive chairman is one more local name being mentioned in connection with the top job in treasury. leon pin yetta is planning on leaving his post. michelle fournoy would be the first woman in that job if she gets the job. one more bay area member of the cabinet to speculate about is steven chuf he steps down, former state controller steve wesley might northbound line. considered for a post in the president's first term. >> thank you.[)t >> a new report suggests current holiday spending spree could end if there is no tax deal by the end of the year, members have until january to work out an agreement with the president on what to do cuts. the white house says if

cheryl sandberg made $7.4 million by selling 353,000 shares of facebook. restrictions on insider trading expired this week, meaning 230 million shares of facebook became eligible to trade. another 770 million shares eligible later this month. the company went public in may at $38 a share and now trading about $21. mark zuckerberg has not sold any of his shares. >> new this morning, sports fishermen know the significance of the first saturday in november. recreational crab season is now underway. it officially started at midnight. it brings out lots of fishermen who get a twelve day jump on the commercial crabbers. their season doesn't open until november 15th. the competition to catch the crabs is fierce. the majority caught in the first six weeks of the season. it occurs in the waters off the bodega bay, monterey bay, half moon bay. they are limit today six to ten crabs a catch and we are told this year they can expect to find an abundance of delicious dungeonness crabs. >> and around here dungeonness crab season gets you thinking about thanksgiving. we h

a british newspaper says marissa meyer and cheryl sandberg met to discuss the project.either commenting on the report. >>> thousands of state parolees may get a free pass. more shocking information we uncovered about at plan to reduce the number of inmates in california jails. >>> plus the big award for some of the bay area's brightest minds. >>> don't forget you can wake up with ktvu every morning. get the mornings top stories that developed while you were asleep sent straight to your cell phone every weekday morning at 6:00 a.m.. get your ktvu morning wake up call. texting the word wakeup to 70123. >>> welcome back. time now 5:24. four college students with bay area ties have been awarded rhodes scholarships to study at oxford university. kathryn laport is among the scholarship winners. the other winners include margaret hayden. stanford graduate student rachel kolb. and daniel price. they will receive about $50,000 a year for three to four years of studying. >>> charges have now been dropped against a raiders linebacker. mcclain was supposed to begin serving 180 days

eric smith and facebook chief operating officer cheryl sandberg are both on the list of possibles for the new treasury secretary. president obama appointed schmidt to his counsel of advisors on technology, and sandberg served as chief of staff of the treasury department and she would become the first female treasury, if elected. >>> the controversial health program coming to the bay area. >>> it's called e medal of honor. it's a video game made by a redwood city company and it's caused lots of controversy. we'll tell you about the navy seals who helped create it. >>> we'll tell you more about the morning commute and the bay area weather. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> good morning to you and happy friday,

chief operating officer cheryl sandberg made $7.4 million by selling about 353,000 shares of facebookstrictions on insider trading expired this week, meaning 230 million shares of facebook became eligibility to trade. another 770 million shares are eligible later this month. it is trading at about $21 a share. zuckerberg has not sold any of his shares. >> new this morning, sports insurer men know the significance of the first saturday in november. recreational crab season is now underway. it officially started at midnight. it brings out lots of fishermen who get a twelve day jump on the commercial crabbers. their season doesn't open until november 15th. the competition to catch the crabs is fierce. the majority caught in the first six weeks of the season. it occurs in the waters off the bay. they are limit today six to ten crabs a catch and we are told this year they can expect to find an abundance of delicious dungeonness crabs. you would be out there cracking but you have to gig too. >> right. i can get out there later. hopefully we will see a lot of nice weather headed our way toda

one of the outside names that's been floated is cheryl sandberg, coo of facebook. first one and she's had a terrific choice. another name i haven't heard but my virginia centrist byas leads me to bring up is mark warner, senator from virginia, great businessman, has bipartisan appeal. i think he could be strong as well. the last one that's opening up is chief of staff, jennifer g n granholm apparently she is -- >> yes. >> apparently they really want to get her in in some position. >> more jenny g. >> the energy, cheerleading. >> unrelenting positive vibe and energy. >> for jenny g. >> i'd like to get rahm back. not a possibility. >> kerry is interesting to me. i don't see scott brown as a senator is good for obama. he joined all the republican obstructionism for the last few years. if he broke with his party he'd face the primary challenge and get beat. i don't see the value of that. if the white house has the instinct to bring in john kerry as secretary of state, i don't necessarily think they should be desueded by the threat of scott brown back to the senate. he

facebook's mark zuckerberg and ceo cheryl sandberg have talked about how they are are going to profitm the billions of search fields facebook faces daily. but in 2009 it outsourced certainly to microsoft's bing inking a ten-year deal. facebook partners with microsoft for social search and microsoft is an investor in the social netwo network. the big question is whether an appliance between microsoft, yahoo! and facebook could threaten google's dominance in search. certainly one to watch. >> another deal though, high-profile media deal in the works that seems a lot more solid. news corp. making a play for part of the yes network, the new york yankees regional cable network. >> none of the parties are talking but a source says there is a value u saation there of $ billion. the yes network is a key asset because it is the nation's largest most valuable media market in new york. and yes does have room to grow its fees. barclays saying they see "revenue synergies its proving both news corp. and yes' bargaining power. with yes getting ready to spin off its less valuable publishing assets ne

but you also have about 48 million of class "b" shares, and recall that cheryl sandberg, who's coo, andthe cfo, david everiston, did convert some of their shares to class "b" shares. >> it's one to watch. josh, i know you'll be watching it, are you going to buy it? >> no, i don't even a reason to be long the stock. >> they gave you a reason, didn't they? >> no. i get the possibility, because mobile is better than expected. but the stock is just not acting well and i need both things to happen at once. i'm happy to pay higher for the stock once i have a lot more proof that this thing is heading in the right direction. i don't mind paying up, but right now i'm not buying. >> this is another one where i think sentiment is totally washed out. i don't really love this market, but you have names like jcpenney and facebook that everyone loves to hate. i'm going to buy a call spread on this later in the day. >> shows you what one dose of good news can do for a name. everyone was against this one, they had a good earnings report, stock blasted higher. now they've got the biggest lockup expiring

>> cheryl sandberg. >> no, somebody else whose name i'm drawing a blank. >> god help us. >> no, she's a professor. >> oh, she's the boxer. there's the boxer. >> 2014-2016, i want to ask but one job -- >> i like what joe said earlier that at the end of the day the only legacy that matters any more for obama is the economy. he's going to have his legacy in obama care for better or worse. going to have his legacy in dodd-frank. the only one that matters anymore is economics. >> you can't -- there's 100 republicans. you can't single the one out that you hate. >> it was very interesting in the exit polls. i just going to to get to this quickly that the electorate sort of blamed bush for the economic crisis. that's not going to be true any more. it's not even true from today. you could make that argument he was given a bad hand. >> i went as far to say that the whole reinhardt rogoff narrative, if we go four years above 8% and crappy gdp the left will reap what it sows. >> it will reap it in '14. >> we'll finally be able to say definitively wrong-minded policies can hurt the ec

such as facebook's cheryl sandberg.ichelle flournoy would be the first woman secretary of defense but kerry may have the edge. >> the new strategy is to bore our enemies to death. >> reporter: and george, a possible political drawback for picking senator kerry is it opens up the seat once thought to be reliably democrat. but the senator says that's not necessarily the case. >> the senators i spoke to on "this week" are pretty optimistic about getting a deal. but the staff meeting all last week during that holiday didn't bridge very many gaps. >> reporter: no, all the reporting i have indicates there really hasn't been any tangible progress made. of course, nothing has dissolved, there's been no blowups which is good news. but as of now, they are still miles and miles apart, george. >> jake tapper, thanks very much. >>> george, if you're worried about the fiscal cliff, well, there's always the power ball fever hitting everyone. the jackpot hitting a record $425 million. it could be higher before wednesday's drawing. john

cheryl sandburg are on the list of possibilities for treasury secretaries. president obama appointed schmidt to his council of advisors on science and technology sandberg previously serve z add chief of staff at the treasury department. sandberg would become the first female treasury secretary if e elected. >>> in other news, chris stevens, the late u.s. ambassador to libya was honored with a post hue mouse award last night in washington dc hillary clinton served words last night. >> chris stevens was an inspiration to all who knew him during his life. >> earned the common ground award for peace building. his sister ann was there accepting the award on his behalf. chris stevens grew up right here in the bay area was killed along with three other americans in a terrorist attack on the u.s. consulate in benghazi on september 11th. >>> happening right now, people are camped out at the sacred heart community service in san jose. why people are camped out even though it's raining and cold, janine de la vega. >> reporter: it's been cold and wet. they've been huddled together out here not getting too much sleep. we're told the first person was waiting here since 11 yest