>> we have not closed the deal, but we're very close to working with citibank. vice president yee: we are very fortunate to have jose cisneros to be our treasurer. one of the things he has done is put us on the map in terms of helping our residents develop assets. it is not just something we are doing, it is something we are taking a lead in, so i am happy to save we have the correct person in the league. i am happy you were here today to present this program, the kindergarten to college program. and i love the way you are trying to leverage this in the thinking that it is not just necessary, even though it is a main goal, to start an account and get the savings going but to provide motivation and incentives to have our students participate fully in our schools and classes from day one, because one of the things that we realized last year when we all voted on a resolution to look at chronic absenteeism, people did not realize how high it was in san francisco, and most of those absences were at the very young age, so whatever you can do to help us with this issue

there is a new survey out from citibank that finds 63% believe that local business conditions are improving at least will improve over next year. 11% up from the previous poll that was taken in september. still most rank current conditions as fair to poor. the top pry sopriority is reducg debt. this morning news corp. also taking the wraps off the n digil newspaper. the daily will reportedly cost 99 kents a week and sold for the ipad through the music store. new issues will be delivered each morning, news corp. hired about 100 people to work on the people including veterans from the new yorker, from forbes and from "the new york post." more tech news out this morning, t mobile wanting to capitalize. the company will start selling a tablet device that can also shoot 3d video. there is no specific launch date. it has 9-inch screen, you're good that the techie stuff, two cameras on the back that capture the video, the device will have a third camera on the front for videoconferencing. so coming up next week i'll be broadcasting to you via this. >> nicole lappen in 3d. ask any one who has been

price john heinz or from citibank says as a number of issues giving the market a pause for thought. first of all crude continue to slide from ninety dollars last week it touched dollars plus per barrel bread was even higher above one hundred dollars second we have chinese raising interest rates today which is not taken by the market third we have a number of stock place was crowded. it's difficult to see how the how they're going and russia's trade surplus grew by a quarter last year to one hundred sixty eight billion dollars as surging prices while and gas they board exports china overtook the netherlands and germany to become russia's largest trading partner in twenty ten and turnover rose by fifty percent in the year to fifty nine billion dollars. it has been the worst start of the year for precious metals in two decades but analysts say they are still bullish reasons union bank of switzerland says industrial demand for silver could be the strongest since the ninety's the bank expects hedge funds to continue buying gold while the world's central banks will add to their billion fo

he's probably right they did know there's evidence that of internal memos morgan chase and maybe citibank as well so that part's quite interesting actually well yeah you're right of bernie aviva necessarily the person that you know most people would look to you for advice or they definitely want to hear you know pointing fingers and criticizing other institutions but in certain cases do you think that he has a bit of a point when he says that the new regulations on wall street are a complete joke you know when he says that that wall street is also reads even for investors does he have some points there and like you mentioned the fact that the banks have to know what he was doing. oh absolutely first of all no i wouldn't call the regulations a joke the new regulations but they're not nearly enough and you know you always go to a guy like bernie made off to find out how to get around something and is it easy to get around and i think that there are ways to get around the new regulations and i think he would know that i think that in terms of other people knowing what he was up to as i said

he said he's got the love for the steelers, specifically goldman sachs, aig, citibank. [ laughter ] ion't know if you guys saw this, in an interview yesterday egyptian president hosni mubarak said that barack obama doesn't understand egyptian culture. man, get off your high camel, right? [ laughter ] this is nice. i heard that charlie sheen is paying the "two and a half men" crew's salary while he's in rehab. [ light laughter ] it just goes to show, right, despite all the scandal and the drugs, at the end of the day, he's actually a very rich guy. [ laughter and applause ] and get this, charlie sheen's estranged wife brooke mueller is reportedly in talks to go on "dancing with the stars." yeah, even charlie was like, "yikes, embarrassing." [ laughter ] whateve. whateve. hey, facebook celebrated its seventh birthday today, you guys. [ cheers and applause ] yeah. cool. i have to be honest, though, i only remembered its birthday, because i saw it on facebook. [ light laughter ] this is cool. senator joe lieberman is busy writing a new book about the jewish sabbath called "gift of rest."

there are lawsuits against wells fargo, citibank, chase and u.s. bank.ulations prevent banks from charging overdraft feeson many debit transactions. 13 million vehicles projected to be sold this year. members of the national automobile dealers association are holding their annual convention and expo in san francisco through tomorrow. last year they faced several legislative challenges including a much publicized fight to keep dealer-assisted financing affordable for consumers. this year dealers are gearing up to take on environmental protection agency's plan to raise the commercial fleet mileage standard to as much as 62 mph by 2025. a half marathon in san francisco is shutting down some streets leading to golden gate park from 7:30 to 10 a.m.. it's a loop between baker street and standon. a section of the great highway is also closing. that won't reopen until noon. i bet those runners were not expecting the kind of weather that we are having. so warm. >> this morning temperatures in the 60s in sr. >> already! >> that's already above the average high for

he said today the four banks, including citibank, acted illegally when they halted operations this week. the banks hold almost all of the accounts for civil servants in ivory coast. wall street ended the week with another advance. the dow jones industrial average gained 73 points to close at 12,391. the nasdaq rose two points to close near 2,834. for the week, both the dow and the nasdaq gained about 1%. another senate democrat is calling it a career. senator jeff bingaman of new mexico said today he will not be seeking a fifth term in 2012. bingaman is the sixth senator to announce plans to retire, including three democrats, one independent democrat, and two republicans. those are some of the day's major stories. now, back to jim. >> lehrer: troops in bahrain opened fire today on crowds of protesters who defied a ban on demonstrations. hospital officials said at least 50 people were wounded. it came a day after a government crackdown in the persian gulf kingdom, where the u.s. navy's fifth fleet is based. we have a report from jonathan rugman of independent television news. a warning--

television station says the fbi has briefed large financial institutions about the threat, including citibankgoldman sachs, j.p. morgan chase and one other. one official said there's no indicate of a militant attack -- indication of a militant attack. >>> the national weather service is warring people in the midwest to stay inside. dallas/fort worth airport is back open again after icy runways forced a brief closure a little bit over two hours ago. the storm is bridging heavy rain and snow and creating blizzard like conditions. about 2,000 flights are cancelled right now across the u.s. the winter storm is expected to stretch from the rockies to young. >>> several midwest and east coast flights have been cancelled this morning. just about 30 minutes ago. we spoke with travelers heading to the east coast who said their flights were still planning on going and they are hoping it stays that way. >> i'm thinking positively that it will work out. >> late dread afternoon united cancelled all of their flightsped a then i -- later in the afternoon, i discovered all of the flights by united were cance

being tested by citibank.end of the year and middle of the year they'll be out in full force. it's a card with a little microprocessor inside. two buttons, two little lights. you press this button, you're paying in credit. you press the other button you're paying with rewards. so you use up your are wards points that way. so you know, it's kind of a gimmick. but there could be some future in this, deciding which account you're going to pay from right there in your credit card with a button that's pretty cool. >> jason cochran, good advice this morning. appreciate it. new technology we always like hearing about. for more for the best credit cards for you go to our sister website cbs.moneywatch.com. >>> russ, coming up next, the skinny on sex. how far would you go for the perfect body? would you sacrifice sex for a whole year? well, wait till you hear what a majority of women chose. it's coming up right after this, right here on "the early show" on cbs. about the car company test-driving cars on the internet? yo