but we also know what's happened here, at this chrysler plant. we know that hardworking americans like jill helped turn this company and this industry around. that's the american story. we're a people who don't give up -- who do big things, who shape our own destiny. and i'm absolutely confident that if we hold on to that spirit, our best days are still ahead of us. thanks for tuning in, and have a great weekend. >> i'm lamar alexander, united states senator from tennessee. i'd like to talk with you for a few minutes about making it easier and cheaper to create private sector jobs here in america. we can start by helping companies make in the united states what they sell in the united states, but unfortunately recent actions by the administration are making that hard to accomplish. last month the national labor relations board moved to stop america's largest exporter, the boeing company, from building airplanes at a non-union plant in south carolina, suggesting that a unionized american company can't expand its operations into one of the 22 state

a massive way to rescue gm and chrysler that chrysler could stand on its own two feet?his alone? i want to play his answer and his reaction to what mitt romney had to say for you now. take a listen. >> whoever tells you that is smoking illegal material. that market had become absolutely dysfunctional. it had become absolutely dysfunctional in 2008-2009. there were attempts made by a variety of people to find a strategic alliancalliances with car makers on a global scale. the government stepped in as the actor of last resort. it had to do it because the consequences would have been just too large to deal with. >> reporter: sergio marchionne there not mincing words at all. the president today at that chrysler plant in ohio. of course a key campaign state for him said american manufacturing, american industry is back. he called the resurgence of chrysler improblem. >> governor romney's argument at the time in 2008 was if you give the industry money it's never going to change its behavior. he wrote this. with it the auto makers will stay the suicidal course of declining mar

he spoke to workers at a chrysler plant in toledo ohio. this is 20 minutes. >> ladies and gentlemen, to introduce the president of the united states, please welcome jill. [cheering] [applause] >> good afternoon. [cheering] - a chrysler employs heat for 17 years. i'm a second-generation worker. my mom retired from here after 30 years of service. she has provided for me and my family growing up in toledo. like many of you i am a parent, my husband chris who also works here and i have two beautiful children, janeth uzi and carter who is three and in may of 2009 when chrysler announced the bankruptcy and closed the door, things did not look good. my family's future became on certain. we rely on this company for our livelihood. many thoughts were running through my head. would we be able to keep our home and stay in toledo? what we have health care? what we be able to send our children to college and give them a better future? what we even get a better opportunity to retire? debt as there is overwhelming at times while we waited for some words

. >>> fiat is taking control of chrysler. u.s. treasury confirms they will sell their remaining 6% stake of chrysler to the italian car maker in the deal worth $560 million. >> president obama received a warm welcome at the chrysler plant in toledo, ohio. the u.s. government pumped $12.5 billion it into the struggling car maker, much to the chagrin of republicans. >> if we let chrysler and gm fail, plants like this would shut down and dealers across the country would have shriveled up. then ford and other auto makers could have failed, too. by the time the dominant stopped falling, more than a million jobs would not have been around. >> a few months after washington rescued chrysler, fiat acquired a major stake in the company. following the deal, fiat will see its stake increase to 52%. chrysler is expecting profits of five and a million dollars this year. fia is becoming a key global player in the industry, thanks in part to its majority stake in chrysler. instead of focusing on compact models, it will offer a broad range of vehi

chrysler got lucky. guest: americans still do prefer s.u.v.'s but chrysler is doing very well.pournt part of the it is an pournt part of the profit line -- the 500 is doing fairly well. there's plans to bring more fiat models to the united states. it's very much a work in progress but fiat has an opportunity to try to re-establish itself after decades of absence. host: with a was ford's secret to success? guest: ford got lucky in a different way. before the downturn, ford mortgaged everything that it owned. it mortgaged the office building. it mortgaged the boardroom table in dearborne. for more than $20 billion, they got a giant loan. and that loan was able to carry it through the recession in a way that g.m. and chrysler simply couldn't. it was a very smart timing by the c.e.o.. and it gave ford the weather withtoll not have to go through bankruptcy and not have to rely on government intervention in order to survive. host: call number one is from michigan. dennis. democrats line. dennis, are you there? caller: yes, i am. host: go ahead. caller: yes. i have a question. how com

it is a good morning for chrysler. for them, the news is good. after a government investment and a buyout by fiat, it's once again rolling on solid ground. as you mentioned, for the overall economy, not so much. president obama is coming to chrysler with a message that can be summed up in three words. the bailout worked. the automaker has paid back billions in government loans years ahead of schedule. the u.s. treasury says it's selling the final stake in chrysler, now owned by fiat. >> we talk about how wonderful ohio is. how wonderful toledo is. how wonderful the corporation is. how wonderful it is to pay back this money. and how we're going to create more jobs. >> reporter: it's perhaps no coincidence that the announcement is being made in ohio, a key election battleground. >> he needs to pay attention to this part of the country because no president wins without ohio. >> reporter: the president boasts as a new dawn for chrysler, there are gathering storm clouds on the economic horizon. gas prices are up, along with the jobless rate. home pric

the president is in ohio today highlighting chrysler.ing the rescission worse. based on what we've seen in the auto industry, were you wrong in this case? wasn't it right for both the auto industry and for the american economy to help that industry? >> yeah, i think you're misunderstooding the word bankrupt. bankrupt is not liquidation of an enterprise. it's allowing them to go through the bankruptcy courts and come out stronger. when i wrote that piece, the auto industry was asking for a bailout. we were unwise to send billions of dollars. instead finally the president recognized i was right. >> you're saying the president took your -- >> the company went through a managed bankruptcy, came out of bankruptcy and now is recovering. the right process for an enterprise in trouble is not to be begin free money from the taxpayers for the bailout. it's instead to go through a bankruptcy process, reorganize their debts, reduce their costs and come out stronger. >> but the company's had to go through bankruptcy before that bailout. >> that's exa

or .57 of chrysler. i just find it hard to believe that g.m. would not have survived at this stage of the game, you know, when car sales have been going up a little bit. this is all factualal, but i believe with dan that if we are going to credit chrysler and g.m. for saving jobs, we have to -- the fact that the pensions and wages have beenal protected at more than a competitive levelal suggests we have fewer jobs in the economy, because the worker costs of these is quite high. had we been paying them a little less, we would have been had more jobs. >> the whole purpose of the hearing today is for the american public to understand where their dollars have gone. i do understand what we're talking about. i just don't understand why are these double losses protected? >> i'm sorry, you're asking? >> i'm saying we're given -- we're willing to write off -- >> i think mr. at kinson explained it. the real issue would be the stock value rises to the value to recoop the full investment, we would get it. but we can't control the stock market. i think the

>> si actualmente manejas un vehículo ford, nissan, toyota, chrysler, honda or general motors y estástancado con un alto pago mensual de su carro, entonces ponga mucha atención. porque tenemos importante información para usted que podría bajarle los pagos mensuales o hasta ponerlo en un nuevo carro. para averiguar cuánto usted puede ahorrar, llamé al número que aparece en pantalla. representantes altamente capacitados trabajarán para darle las mejores opciones. opciones que incluyen desde entregar su carro por dinero o simplemente cambiar su carro actual por uno completamente nuevo. no se quede atrapado con altos pagos mensuales o con carros sin garantía. dése el lujo de manejar el carro que usted sueña con pagos al alcance de su presupuesto. ahorrar dinero en estos tiempos tan difíciles es más importante que nunca y hoy usted tiene la opción para ayudar a bajar los pagos mensuales de su carro. llamé a auto payment solutions para una consulta gratis. no tiene nada que perder sino mucho que ganar. no espere más, la llamada es gratis desde cualquier ciudad de estados unidos. >> bienven

they almost also pay $70 million to buy chrysler shares. that will give fiat a majority stake. >>> chrysler has claimed they have hit another group of sony. it pulls off what it calls an elementary attack to highlight the disgraceful security. the group posted names, pass words, dates, and dates of birth, phone numbers and home addresses of sony customers and some of them have been confirmed as genuine. sony pictures says it's look into the hackers claim. sony just restored its play station network after an april hack attack. >>> a suspected criminal who faked his own death more than 20 years ago has been arrested here in california. this is robert. this is a picture of him now. police say in 19 -- there he is now. police say in 1987 he severely beat a woman in her scottsdale, arizona home. but when he was about to be arrested for the crime he faked his own drowning death. >> he assumed a new life. in fact the name he chose was frank roman reynolds. and he actually got a job, developed a relationship with another woman. >> more than 20 year

>> whether or not chrysler determined to undertake an ipo will be up to chrysler. candidly, once we don't own shares in it it's not something that we have an economic interest into it the board of directors of chrysler believes an ipo is the proper course of action then we will wish them well in doing that. >> can you comment on the index because this morning there was a slow down last month? was this just due to external prices? >> well, from what i think it is worth noting that the index has 22 straight months of increase. as i pointed out earlier to 250,000 jobs in manufacturing. the recent month was down a bit from the prior, it was still a growth month. growth month. indicator is above 50 indicate growth so we still saw growth. i think that most of that growth, most of that slow down is attributed to the situation in japan because the way global supply chains work can't you can't finish a part if you can't can't finish a part if you can't get the part. and so i think it is largely external factors. look, the long-term trend on manufacturing since the bottom of

yes, the deal did save chrysler. two years ago, chrysler and general motors were on the brink of collapse and ford teetering on bankruptcy. they are all profitable and ford did not take a bailout and bounced back faster than gm and chrysler. it did change the way cars are made and unions negotiated and according to the center for automotive research, it saved 1.5 jobs. what about the -- 1.5 million jobs. what about the rest of the country? with 9.1% unemployment, americans are still hurting. was the auto bailout worth it? facebook.com/car facebook.com/carolcnn, i'll read your responses later this hour. >>> this is in orlando. it's the ninth day of testimony in the trial of a mother charged with the murder of her 2-year-old daughter. right now, the jury is hearing recordings from jail visits between casey anthony and her parents. i want you to listen. >> i've already talked to everybody. i know who i'm allowed to talk to and i'm not allowed to talk to, who i can see and can't see and who is going to see me and not see

that gives fiat a majority stake in chrysler. today mr. obama scripts a chrysler plant in toledo. >>> and another internet startup preparing to go public. >> linkedin did it a couple of weeks ago and now groupon just filed papers to set the stage for an initial public offering. the company, which offers gift counted gift certificates, wants to raise $750 million at its ipo. no estimate yet on the value per share. >>> an oakland-based pandora, the online music company set its ipo at $7 to $9. >> i was saying wait, groupon has not been around that long. 2.5 years ago they were just an idea and now they are going public. >> not a big coupon guy but i use pandora. >> i haven't used that. >> it's on the iphone. get it your ipad. it's terrific if you like music, fabulous. you don't need an ipod. >> when we talk about grew upon, that girl -- i think she knows a lot about those coupons. 4:46. >>> a bathroom controversy brewing in one bay area school district. we'll tell you why some want to give students a free hall pass. >> plus, a dangerous new

the treasury is selling back the final stake in chrysler now owned by fiat. it's no coincidence the announcement is made in ohio, a key election battleground. as the president boasts of new plan for chrysler. the gas prices are up with the jobless rate. home prices are down with consumer confidence. 23% of all homes with mortgages are underwater. the president political rivals say what he is doing isn't working. >> when he took office, the economy was in a recession. he made it worse. >> the complaints are only likely to grow louder as the 2012 campaign heats up. moody issued a warning it might downgrade the credit unless president and congress agree to raise the nation debt limit. that would make borrowing money to run the government more expensive than ever. john hendren, abc news, washington. >>> state controller john cheng says legislators will lose the salaries and per diem on june 16 if they don't approve a balanced budget before then. he plans to imprement the voter approved initiative which forces state to adopt pay of lawmakers until they pass and se

also toured the chrysler plant. >>> the man that was known as dr. death has died. he pioneered the death to die movement and helped dozens of ailing people commit suicide. >> they want to live as long as possible and not suffer. so they call a doctor to help them end their suffering. >> reporter: the doctor died today at the age of 83. he was a pathologist who invented a so called suicide machine. he claimed to have helped at least 130 people end their lives. after one assisted suicide in 1998, kavorkian was convicted of second degree murder. today his attorney and friend paid memorial. >> it's a man who focused on the sufferings of others. >>> he said he would not assist in any more suicides but he told reporters he had no regrets saying quote, how can you regret helping a suffering patient? >>> the case of a missing nursing school student is changing by the minute. we'll tell you about a promising lead that fell short today and how the fbi is stepping up its efforts without overstepping its ground. >>> and sarah palin is making headlines tonight a

. >> despite the numbers, president obama is at a chrysler plant in toledo hailing the rebound of the u.s. auto industry and efforts by his administration to save it. the industry would likely have collapsed if they didn't step in to bailout chrysler and general motors. they will pay off the remaining loans ahead of schedule and just yesterday they announced plans to sell the remaining stake in the automaker to fiat recouping most of $12 billion used to bailout chrysler. >> did he misuse funds for a campaign secret? john edwards is about to make a court appearance in honey, we've got tickets to the game, so we're going to need a sitter on saturday night. i almost forgot. we're having dinner together on friday for dad's 65th birthday. maybe i'll ask my parents to baby sit. are you sure you want to go there? you're right. ♪ born to be wild ♪ born to be wild [screaming] who's going to watch them? for you, baby sitting is just a figure of speech. that's why we've created medicare solutions that are just right for you. we have plans with monthly premiums as low as $0, the freedom to choose

he spoke to autoworkers at a chrysler plant in toledo, ohio. this is about 30 minutes. >> to introduce the president of united states, please welcome bill oakes field. [applause] >> good afternoon. i have been a chrysler employer for 17 years. i'm a second generation worker. my monetary year after 30 years of service. -- my mom retired after 30 years of service. my husband chris works here and i have two beautiful general -- children. when chrysler announced the bankruptcy and close the doors, things did not look good. my family's future became uncertainty we rely on this company for our livelihood. many thoughts were running through my head. would we be able to keep our home and stay in toledo? what we have health care chris hart would we be able to send our children to college and give them a better future? would we even get the opportunity to retire? the despair was overwhelming at times while we waited for some words of hope. after several months of uncertainty, the news came of government loans and a partnership that would give chrysler th

previous generations working for chrysler.his plant, or the one down the road, it is the economic rock of the community. you depend on it and so do thousands of americans. the wrangler you build here directly supports 3000 other jobs. parts are manufactured all across america. tires from tennessee, this plant in directly supports hundreds of other jobs right here in toledo. without you, who would eat at these restaurants? who would buy all of those cold ones? that's one right there. [applause] what would life be like if he did not make these cars? two years ago we can close to finding out. we were still near the bottom of a vicious recession, the worst we've seen in our lifetimes. ultimately it cost 8 million jobs. it hit this industry hard. before i took office, this industry lost 400,000 jobs. in the span of a few months, one in five autoworkers got a pink slip. two great companies, chrysler and gm, stood on the brink of liquidation. we had a few options. we could have followed the status quo and kept the automakers on life-

. >>> this morning president obama will visit am chrysler plant in -- a chrysler plant in ohio. coming up at 5:15 we will have a live report from our washington, d.c. newsroom with why the president feels confident that the government bailout of auto makers was money well spent. >>> well, in less than a half an hour the labor department releases the unemployment report for may and most economists are forecasting disappointing numbers. some expect the numbers to show fewer than 100,000 new jobs were created which would create a rise in the national unemployment rate. still others say the new job numbers will be between 100 and 150,000. that would still be a sharp drop from the recent average of 230,000 new jobs a month. >>> your time now 5:07. a security breech recorded at the san francisco utilities commission. it was found a couple weeks ago. an unsecured server had information on it. they are now notifying customer who's information was on that server. >>> pg&e is now running full page ads in several california newspapers apologizing for the deadly san bruno pipeline disaster.

over 50,000 people hired back just in general motors and chrysler. if this had gone the way mitt romney wanted it to go and there was no rescue of the auto industry, then we would have seen 1.4 million people unemployed. in michigan alone it would have been a 20% unemployment rate. now that this has worked out pretty well and the auto industry is paying back their loans and the obama administration's smart intervention has put them on a path of profitability and hiring, interesting that when chrysler said that it was done paying back its loans last week, romney says, whoa, they followed what i was suggesting. it's -- they followed me. it's an incredible -- the guy is shameless. i just can't believe that people are going to buy this fellow? there's a whole string of flip-flops that i know you know about. to me he's here in michigan tonight at a fund raidser with his hand out. i think that people who want to donate should be looking at when the auto industry was asking for a donation. i think they should give him the same answer. >> he keeps the flip-f

. >> and the problem chrysler recalling hundreds of thousands of vehicles. >>> congressman anthony weiner is about to announce his resignation following the sexting scandal. you are looking at live pictures where he will be holding a news conference. when it starts we'll carry it live and stream it online at abc7news.com. this is video taken a short time ago leaving his apartment in queens heading for that news conference. president obama and several house lawmakers including nancy pelosi have publicly suggested that weiner step down. >> and mike nicco. >> it's pretty nice outside but the difference you will notice is the temperatures. go outside and see the haze hanging around as we look at the golden gate bridge there. also looking at some other fine areas of san francisco, marin headlands and another perspective south beach to the east and see some of the high clouds, that is the atmosphere that is changing to the cooler today. let's take a look from the top down. you can see up above high clouds streaming in and a southerly surge of marine layer clouds. they made it up the coast. look

. >> and the problem chrysler recalling hundreds of thousands of vehicles. honey...? [ mom ] yes. honey, i can't find my internet cord. oh, i'll borrow hailey's. you're downloading movies. fast! from here? where is her cord?! we switched to at&t high speed internet and got wireless access. no more cords. wireless, okay, honestly, can i just get a cord, please? dad, the cord's invisible. [ female announcer ] call at&t today to get high speed internet for just $14.95 a month for 12 months with select services and a 1-year price guarantee. it's the fastest internet for the price. no home phone service required. oooh. videos online? here? how much is that? nothin'. at&t high speed internet at home includes access here. our invisible cord is really long, dad. oooh. [ female announcer ] get access to the entire national at&t wi-fi hot spot network for no extra charge. so call today to get high speed internet for just $14.95 a month for 12 months with select services and a 1-year price guarantee. no home phone service required. aren't you glad we switched to at&t? yes...but i want my own

those companies, gm and chrysler, chrysler had a profitable jeep division that could have been saved, someone else could have come in and bought chrysler's jeep division, those jobs wouldn't have gone away, there were companies that would have loved to purchase gm, namely ford, look, all the infrastructure is there, everything is in place, they could have come in and bought them. those jobs weren't going away, gm and chrysler weren't going away. they could have gone into a restructuring but they weren't going away. they could have gone into bankruptcy, restructured and come out and built cars. these numbers, you call it fuzzy math i call it absolute in the dark math. they're being disingenuous by saying they've created jobs, saved jobs and paid us back. by the way, the white house tells them themselves they owe us $14 billion that's not been paid yet. alisyn: are we getting that? >> we're not getting that, we're also not getting the $15 billion in tax incentives they gave them going forward, that's 25 billion, $30 billion they still owe us any way you slice it. alisyn: we're going to

chrysler and gm were probably hurting the most. ford, obviously, as most people know, did not accept any money, but we are pleased with the progress the car industry is making. it is the backbone of our economy. certainly the backbone of the economy in many states now, including michigan and ohio and other states. i think people are grateful for the president for his leadership and really helping the american automobile manufacturers and the workers who work in those companies. it a coat is it ultimately a good deal for the text -- host: was it ultimately a good deal for the taxpayers? they will not get the $1.3 billion. guest: it certainly was. if you look at what the automobile industry has contributed, particularly gm, chrysler, and ford -- it is enormous. not just jobs in that industry but the spin-off jobs. it the -- the people who manufacture tires and accessories. to have any one of the companies to go under would have been a disaster for the american manufacturer. it was a good deal for the taxpayers because it helped in th

. >> despite the numbers, president obama is at a chrysler plant in toledo hailing the rebound of the u.s. auto industry and efforts by his administration to save it. the industry would likely have collapsed if they didn't step in to bailout chrysler and general motors. they will pay off the remaining loans ahead of schedule and just yesterday they announced plans to sell the remaining stake in the automaker to fiat recouping most of $12 billion used to bailout cyshr >> did he misuse funds for a campaign secret? john edwards is about to make a court appearance in ♪ [ male announcer ] if you're ready to get more from your tv service than comcast can give, now's a great time to switch to at&t u-verse tv. make the switch! [ female announcer ] call to get at&t u-verse -- now with free hd -- for only $29 a month for six months. or get $300 back via promotion card with a qualifying u-verse bundle. [ male announcer ] u-verse tv lets you record up to four shows at once on a single dvr. and you can record and play back your shows from any room. plus with u-verse, you get dvr service and receiv

treasury is selling its stake in chrysler to italian automaker fiat for $500 million. the u.s.xpects to recover all about you about $1.3 billion of the $12.5 billion invested in the u.s. brand. >>> meanwhile, a group of hackers appear to have it out for sony. sony pictures entertainment website was reportedly broken into. finally, how much was all the publicity amazon.com got over its recent one day 99 cent sale of lady gaga's "born this way" worth? the deal actually cost amazon a whooping $3 million. >>> the bugs are back in cleveland, a run away golf cart in turkey. plus, dirk and the mavs say not so fast to the heat. your early morning sports headlines are straight ahead. >>> in weather, it appears that our summer forecast is setting up hot and dry in many spots. your weekend forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, the miami heat's march to the nba title has been knocked off course. turns out the dallas mavericks may have something to say about it. here's nbc's fred roggin with an ear

there's still a lot of money that hasn't been paid back over time by gm and chrysler, but it was still a big chunk of change. on the unemployment issue, the white house still believes that once gas prices go down, once the japan recovery efforts jump-start manufacturing acts from this country to help them rebuild and wants mhelp with th debt crisis, and that's dealt with, that should shake the atmosphere. >>> that all sounds easy. chuck, thanks. >>> now we turn overseas where the arab spring is quickly turning into arab summer and promises to be prolonged and lot and violent. there were disturbances in yemen today, getting closer to all-out war. richard is with us tonight. good evening. >> reporter: good evening, brian. major developments in yemen. anger and protests have been building in yemen for four months. today was the first attack to actually kill the president. smoke can be seen rising near the presidential palace after what the government is calling an assassination attempt. it happened around midday prayers when across town, thousands of yemenis were protesting against salah.

in his weekly address, the president personally thanks the workers at a toledo chrysler plant. >> chrysler has repaid every dime and more of what it owes american taxpayers for their support during my presidency and repaid that money six years ahead of schedule and this week, we reached a deal to sell our remaining stake and that means soon, chrysler will be 100% in private hands. >> american automakers are now adding shifts and creating jobs at the strongest rate since the 1990's. general motors plans to rehire all of the workers the company laid off just before the president took office, chrysler and g.m. were on the brink of collapse. the industry had to slash more than 400,000 jobs. the big local story, obviously if you have a window, you know what it is and it's the rain. >> it's amazing, terry. still coming down out there. many areas have picked up 1/2 inch to more than an inch of rain in some cases up in the north bay and also down towards the south, monterey bay really getting a heavy shower right now but looking at our emoryville cam, very wet. take your time this morning. lots of

. >> he made those comments during a vest to a visit to a chrysler plant in ohio. just recently gm, chrysler and ford, all reported significant increases in sales. >>> actor james arness has died. he was a world war ii veteran and the older brother of the late actor peter graves. james arnecessary died of natural causes at 88 years old. >>> paying to park in downtown san jose could cost more starting next month. the city council will consider a plan to raise rates as much as 33% at the 5 public garages breathed by the city. the proposal calls for eliminating free parking on weekends and holidays. merchants say that will drive away customers who are starting to come down town to ntown to shop and dine. >>> good afternoon to you, a live look from bay point, high clouds overhead, temperatures cooler than yesterday but no sunshine today. mid and high level clouds across the region. they are not going away. we are just getting started. 59 degrees right now san francisco. 57 in oakland, 63 degrees san jose. low 60s concord, 63 in livermore, 59 degrees outside your door i

in his weekly address, the president personally thanks the workers at a toledo chrysler plant. >> chrysleras repaid every dime and more of what it owes american taxpayers for their support during my presidency and repaid that money six years ahead of schedule and this week, we reached a deal to sell our remaining stake and that means soon, chrysler will be 100% in private hands. >> american automakers are now adding shifts and creating jobs at the strongest rate since the 1990's. general motors plans to rehire all of the workers the company laid off just before the president took office, chrysler and g.m. were on the brink of collapse. the industry had to slash more than 400,000 jobs. june means ballgames, picnics, weddings and other events in the great outdoors. this weekend, the wet outdoors. organizers of the escape from alcatraz triathalon may have to shorten the bicycle portion of that race. the union street fair will go on rain or shine. local merchants predict this weekend's crowds will be as big as usual. the couple postponed their wedding earlier this year and adjust their plans a

. >>> president obama flied to a chrysler plant in ohio. he will draw attention to the auto industry turn around. coming up at 6:15 we will have a live report with why the president feels confident that the bailout was money well spent. >>> pg&e is running full page ads in full california newspapers apologizing for the deadly san bruno pipeline disaster. a spokesman says not only is the company saying it's sorry but it's also a way of admitting it needs to regain the publics confidence. the san bruno explosion killed eight people and destroyed 28 homes. >>> let's go to sal. >> traffic is moving along pretty well around the bay area. if you look at the bay bridge toll plaza it's light. no major problems come into san francisco. alsos morning commute looks good if you are driving on the san mateo bridge heading out to the high-rise. i want to show you the maps here. traffic in livermore looks good on this friday. 680 from san ramon down to pleasanton in good shape. let's go to steve. >>> once we get to june people start making outdoor plan. f

has reached a deal with fiat to buy the government's remaining 6% in chrysler. republicans point out so far taxpayers have only recouped $40 billion of the $80 billion-baleout. reporting live from washington, d.c., alison burns, ktvu news. >> thank you. >>> elmer geronimo pratt has died. this is leader of the former leader of the black panther party during a 1998 court hearing. the 63-year-old passed away yesterday at his home in africa. pratt is best known for spending 27 years in murder before a judge overturned his conviction. pratt said the government knew of his conviction. >>> vice-president joe biden is in the vatican in rome. he met with pope benedict. it was an unannounced meeting. the vice-president is a practicing catholic who also supports abortion rights. now the pope has long insisted that catholic politicians follow the church's teaching on quote, nonnegotiable issues like abortion, which the vatican strongly opposes. >>> concerns are growing around the world about a strain of e. coli in europe that chinese researchers are calling a super toxic st

he made remarks to workers as a chrysler plant in toledo, ohio. president of the united states, please welcome jill. [applause] >> good afternoon. my name is jill. i have been a chrysler employee for 17 years. i am a second generation jeep worker. my mom retired from here after 30 years of service. jeep has provided for me and my family growing up in toledo. like many of you, i am a parent. my husband, chris, who also works here, and i i have two beautiful children, jenna who is 8 and carter who is 3. in may of 2009 when chrysler announced the bankruptcy and closed the doors, things did not look good. my family's future became uncertain. we rely on this company for our livelihood. many thoughts were running through my head. would we be able to keep our home and stay in toledo. would we have health care? would we be able to send our children to college and give them a better future? would we even get the opportunity to retire? the despair was overwhelming at times while we waited for some words of hope. after several months of uncertainty, the news

when the obama administration took over, they required that gm and chrysler implement viable demands and compete in the changed auto industry. after the restructuring, the new gm quickly exited bankruptcy in july 2009. the results of our nation's investments are now becoming clear, the first quarter of 2011 was gm's 5th consecutive profitable quarter. according to the economist with the economic policy institute, and i quote, federal, state, and local government save between $10 and $78 for every dollar invested in the auto industry restructuring plan, end of quote. the value of our investment in the auto industry becomes even clearer when we consider the cost, according to the center for automated research, even a 50% reduction in the operations could have reduced personal income by more than $275 billion over three years, resulting in a loss of more than $100 billion in state and federal tax revenues. the federal government investment saved hundreds of thousands of jobs and gave them a new lease on life. the committee will hear today from one of the principal architects for our inv

and we did. >> the president says chrysler has repaid every dime of the government rescue package, six years ahead of schedule. >>> homeowners at risk of foreclosure and their lenders, they're all coming face to face at an event in washington. both parties say they mean business. that's up next. >>> and the food pyramid has been replaced by lots of fruits and vegetables, and you do not need to break the bank to afford it. ♪ [ male announcer ] thanks to advanced natural gas turbine technology from ge, the power that will help make our nation more energy independent is right here in america. [ crickets chirping ] ♪ [ cheers and applause ] advanced gas turbine technology from ge. ♪ agents, let's welcome beast, an exchange studentne technology from the x-men school. - so, what do you guys study? - um-- - do you know about discounts? - do you have a cafeteria? - what about ways to save people money? - do you have taco tuesdays? - have you guys started combining policies? - i like your hair. agents, please. i don't know what the x-men do at their school, but i hope they're treating our guy b

it includes the chrysler 200 and town and country. several dodge vehicles are on the list, like the avenger, caliber and grand caravan. the recall also impacts several jeep models, including the compass, liberty, patriot and wrangler. >> tom: toyota continues recovering from japan's devastating earthquake. it now thinks production here in the u.s. will be back to pre-quake levels by september. that's about two months earlier than expected, and six months after its supply chain came undone. eight of the 12 models it sells here are already back to full production. >> susie: kids are getting out of school, and many americans will soon hit the road for family vacations. in tonight's "kids & cash," neale godfrey suggests its a golden opportunity for your children to learn about budgeting. she's c.e.o. of the children's financial network. >> it's once again time to take a family vacation. are you and your children tearing through the house, stuffing clothes in bags and wildly printing out maps? why not take a novel approach instead and plan

the government is selling its remaining stake in chrysler to fiat. but on main streets around the country, talk of autos these days usually revolves around the cost to fill them up. >> the price of gas is really high right now. >> reporter: deborah was one of thousands lined up for hours in indianapolis, vying for a chance at temporary work at the state fair. jobs that pay just over $7 an hour. >> i've got applications all over indianapolis and it's very hard. >> reporter: back in washington, house speaker john boehner urged the president to do more. >> one look at the jobs report should be enough to show the white house it's time to get serious. by cutting spending and dealing with our ailing economy. >> as economists now wonder, the latest economic news is a temporary road block, or is it a sign of something worse? >> no matter how you cut this data, it's lousy. >> here's a little more perspective on all of this, our economy would have to generate 100,000 jobs each month to match population growth. it will take about 200,000 new jobs a month to mov

government is selling is 6% stake in chrysler or to an italian auto maker for $500 million. chrysler has already repaid the government a large portion of the 12.5 billion in borrowed. the u.s. government will ultimately lose around $1.3 billion. john chang is telling lawmakers that they will withhold pay if they do not pass a budget. he made the announcement yesterday after questions about proposition 25. he said that lawmakers would forfeit their salaries and per diem until state budget is set. any loss pay would not be retroactive. >> 6:14 a.m., we are back with more in a couple of minutes finally a sunshine. it will not last too long. we have falling on the way. saw we will be right back. Ñ3ñ >> 6:17 a.m., a big story we are following, the couple that kidnapped, tortured and rake jaycee lee dugard for 18 years in antioch, they got their sentences, that are going to wait for years. phillip garrido sentenced to life. his wife nancy will served 36 years- life. that in the courtroom and placerville, no words were spoken by a couple of the captured dugard from the backyard up,

money as part of the forced bankruptcy, not only of chrysler, but gm.he sale announcement comes as president obama is visiting a plant in ohio today. he is expected to tout the success of the bailout, as well as saving american jobs. well, mr. president, we will wait and see for the jobs report coming out in a few hours' time. >>> a neighborhood grocer could get fresh competition from walmart. walmart is testing a small store format called walmart expressed, aimed at remote and urban areas without a nearby grocery store. the first prototype opens in arkansas and two others will open in chicago this summer. walmart expressed it's going to stock -- they say it's less, 13,000 items -- it's not a small store, but that's compared, of course, to the 100,000 items at a typical walmart super store. so they have a few things at walmart. i don't know if you've heard of it. >> oh, yeah, we love those big box stores, don't we? >> absolutely. you can find anything there, right? you can find like oranges -- you know? >> okay, nicole lapin. >> clothes and whatever. >>

. >>> chrysler is about to cut the lifeline to the government. fiat has agreed to buy the government's 6% stake in the detroit automaker. once the deal closes, taxpayers will no longer have a stake. the deal will give fiat a controlling interest in chrysler just two years after the italian automaker agreed to manage it after bankruptcy. >>> and groupon is hoping to make another high-tech splash on wall street. the fast growing daily deal site has filed to sell stock to the public. the company is looking to raise up to $750 million in what would make it one of this year's most high-profile ipos. last month the social networking side linkedin went public and was valued at $9 billion by the end of its first day of trading, and, terrell, maybe we should get our "group on." i just love to say that word. i don't know why. >>> ashley morrison here in new york, a great way to go to the weekend. appreciate it. >>> on that note a quick break. coming up on your friday morning we'll have your weather forecast and get our sports on. talk about a comeback. hig

chrysler has pumped $3 billion into facility upgrades. in california, one of the largest suppliers of new car wheels to the big three, echoes the good word. >> over the last year, we've hired six or 800 new employees, and we're probably looking at least another 200 to 300 that we'll hire in over the next ensuing 12 months. >> reporter: but it's not all good news. only a third of the 3,000 people he laid off during the recession are back, an example of a troubling number that punctures talk of a real recovery. consider that of the 331,000 auto industry jobs lost during the recession, only 76,000 have returned. in the dark recesses of bob fricano's chicago auto supply business, there is no talk of turning the corner. do you face the prospect of layoffs? >> it's going to be a possibility of going out of business. >> reporter: bob's business is down 15% from a year ago, 30% from two years ago. fricano's business employs five workers. he says for all the happy talk from detroit, the sputtering u.s. economy is forcing cutbacks. you cut yourself

also president obama will announce that chrysler will longer hold a stake in chrysler.has paid a large portion of money that was loaned to them by the government are in >> state democrats have given the power to the people that insurance commissioner. the commissioner may improve higher rate increases. we will back and we are gearing up for the rain is on its rain. saturday is going to be the big washout. showers storms may linger into monday morning and we warm up little bit by midweek we will be right back the cleanup continues in massachusetts police are going door-to-door searching for people. 200 people injured. whizzes in springfield. 18 cities and villages were damaged >> let men and women >> and credible video here a man stuck all right side he shot this of the video as he was running from his car and screaming to be led inside then he orders his family to head to the basement. >> how thousands of residents in south carolina are without par. , 50,000 customer are mostly in richmond county. with the three deaths in massachusetts, who this is the deadliest tornado

that means and chrysler will be 100% in private hands. boston portly, all three american automakers are now adding shifts and creating jobs at the strongest rate since the 1990's. chrysler has added a second shift at the jefferson north plant in detroit that i visited last year. gm is adding a third shift at its hamtramck plant for the first time ever. and gm plans to hire back all the workers they have laid off during the recession. that is remarkable when you think about where we were just a couple of years ago. when i took office, we were facing the worst -- worst recession since the great depression, hitting our auto industry particularly hard appeared in the year before i was president, this industry lost more than four under thousand jobs, and two great iconic american companies, chrysler and gm, stood on the brink of collapse. we had a few options. we could have done what a lot of folks in washington thought we should do, nothing. but that what had made a bad recession worse and put 1 million people out of work. i refuse to let tha

president obama did not mention the jobs report today when he visited a chrysler plant in ohio. he did say the economy faces bumps on the road to recovery and he said his administration's auto industry bailout saved a lot of jobs. more on that from national correspondent dean reynolds in toledo. >> reporter: 36-year-old james fayson doesn't have to scan the classifieds anymore. late off in 2009 from the jeep plant here, he was called back to work late last year. how did you feel when you got the call? >> like a huge weight had been lifted off my shoulders. >> reporter: he's certain president obama saved his job and his industry. without the controversial bailout, he says, his future was bleak. >> i probably would have been losing my home and a lot of other things that i've worked so many years to attain. >> reporter: probably had to leave town? >> absolutely. >> reporter: look for a job in another industry, right? >> absolutely. absolutely. >> reporter: an example of the reborn chrysler, he stood along the receiving line today, he and the president basking in optimism. >> this i