icon as clorox is the largest shareholder. he has made two offers since mid july to buy clorox with the company has rejected both offers saying that they were not credible enough. while we are one step closer to making computers and humans work together. ibm says they have created a chip designed to imitate the behavior of the human brain to act and react to surroundings. they say the chip will develop a sense of reason can actually learn from experiences. the chips processor is similar to the watts and supercomputer that competed under but earlier this year. >> the country do low sugar land hit the stage for the first time since the deadly collapse at the indiana state fair. they took a moment on a those that died and that were heard. the performance of the hard rock pavilion in new mexico. a big wind gust knocked down the entire stage in indianapolis. five people were killed and 40 others injured. in the investigation is under way. check out this video, for the third time since early july, a giant created dangers of driving

clorox shares right now on that report are down just slightly only 19 cents.cks are starting to slip further into the red. right now the dow is lower by 38 points. nasdaq is down by 4. s&p is off by 3. if you are going to look at one thing that's glittering these days, the price of gold is up another $25 to a record high of $1,670 an ounce. that right there is an indication that investors are uncertain about where the economy and stock market are headed. >> so they get this thing figured out. they pass the bill yesterday. the markets are dying. what if they didn't do it? >> i think that a lot of people expected a lot of relief. i don't think the markets really expected a default on u.s. debt. the questions are where are the cuts coming from? we are looking at a trillion dollars in cuts in government spending over the next 10 years then that bipartisan commission has to come up with another $1.5 trillion in the next few months. nobody knows where the cuts are coming and how they will really impact the economy. >> thank you, jason brooks with kcbs and cbsmoneywa

clorox announced it's raising prices i across the board to make up for rising cost of materials. they showed a drop in profit of 1.2%. that is despite increase in sales. clorox is best known for making bleach but it produces a variety of other products, including glad bags and hidden valley salad dressing. >>> humiliation for former world leader. still ahead, the court appearance of former egyptian president hosni mubarak. >> plus, can this picture crack a 40-year-old f.b.i. mystery? we'll hear from the woman who says d.b. cooper is her uncle. >>> the chemicals found in children's car seat. which seat are t >>> in egypt, judge adjourned the trial of ousted president hosni mubarak for nearly two weeks. the 83-year-old mubarak was reeled in court on a hospital bed this morning and put in a metal cage with his codefendant including his two sons. it was all broadcast live on television in what is called a big humiliation for the former egyptian ruler. mubarak faces charges of corruption and ordering the killing of protesters during the uprising that led to the resignation in february

clorox announced it's raising prices i across the board to make up for rising cost of materials. they showed a drop in profit of 1.2%. that is despite increase in sales. clorox is best known for making bleach but it produces a variety of other products including glad bags and hidden valley salad dressing. >>> humiliation for former world leader. still ahead, the court appearance of former egyptian president hosni mubarak. >> plus, can this picture crack a 40-year-old f.b.i. mystery? we'll hear from the woman who says d.b. cooper is her uncle. >>> the chemicals found in children's car seat. which seat are the most and least toxic? p lñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñlñl

a few minutes ago clorox reported strong earnings but it's that income dip. profits were down 1% as raw material costs increase. clorox earned $169 million which is down slightly from the same time last year. it still tops wall street earnings. >>> today aol launches a free ipad software that gives users a customized daily e-magazine that draws its content from all over the web. the software which is called editions is updated once a day. users can edit what content they want to see. >>> time now 6:22. a lawsuit filed against the major hotel over something that costs less than a dollar. what an angry customer is ready to fight over no matter what the cost. >>> an accident that earn a british police officer the title row bow cop. >>> new crash involving a motorcycle. this will be there for awhile. sis, help me create my oasis. ok, romantic garden? oh, is there a castle nearby? no, but there's a charming farmhouse. right next to my posh castle! i'm sensing a theme here. well, i am the queen, dear sister. get your annual ikea catalog today. >>> we have a crash t

. >>> billionaire investor is trying to take over icon, it's color clorox's biggest -- clorox's biggestshareholder. >>> wall street has been shaky and it has been fear of a double dip recession but there are some that do not feel it's at hand. >> a new business owner thinks that these are recession is proof. >> they will spend 3.50. but not $50. >> he opened empinadas and said business is cooking but getting started was tough. he got a loan from the city after banks said no. >> smaller businesses and households are usually to front lines when credit begins to be pulled back. >> gary, senior economist, he said that fears of a global credit crunch does not mean a double dip recession is coming. >> all in all the economy to me at least is moving sideways. >> while people are worried about the economy, manuel saw worse in argentina. he said here, he is not as concerned. if we reenter a recession, small businesses are usually what brings us out. and he hopes to be part of that trend. >> in san francisco, ktvu channel 2 news. >>> the federal government plans to provide emergency funding to do

. >>> billionaire investor is trying to take over icon, it's color clorox's biggest -- clorox's biggest shareholder. >>> wall street has been shaky and it has been fear of a double dip recession but there are some that do not feel it's at hand. >> a new business owner thinks that these are recession is proof. >> they will spend 3.50. but not $50. >> he opened empinadas and said business is cooking but getting started was tough. he got a loan from the city after banks said no. >> smaller businesses and households are usually to front lines when credit begins to be pulled back. >> gary, senior economist, he said that fears of a global credit crunch does not mean a double dip recession is coming. >> all in all the economy to me at least is moving sideways. >> while people are worried about the economy, manuel saw worse in argentina. he said here, he is not as concerned. if we reenter a recession, small businesses are usually what brings us out. and he hopes to be part of that trend. >> in san francisco, ktvu channel 2 news. >>> the federal government plans to provide emergency funding to d

. >>> a fight appears to be brewing over oakland-based clorox. "the new york times" reports that karl icon is threatening to replace the entire board with his own candidates. the threat comes after clorox turned down the two bids for $10 billion. the investor already owns 9% of the stock of the company. >>> 7:32. some new information now coming in about a deadly house fire hours ago in oakland. ktvu's kraig debro just talked with the battalion chief and tells us more about the victim and her family. kraig? >> reporter: good morning dave. we did just speak with the battalion chief. last night's fire was a fire at a home not too far from here up the hill. there was a home that was occupied by three generations of the same family and this was all fairly unsay -- unavoidable. it didn't have to happen at all. the home is on bur street. it's on a ridge next to bishop ocal. firefighters responding say they could see the flames clearly visibility on their route up there. crews performed a rescue on the matriarch of the family. the grandmother's name has

mcdonalds and clorox that reported expected earnings this year and campbell's soup that is laying off 10 percent of the world wide employees including 130 people in new jersey and factory lay offs with as many as a thousand employees. rising cost may not be the only factor involved but it is a factor. >> quin, this is your last appearance on forbes on fox. you are a fine journalist and a decent man and i wish you the very best. >> that is exactly kind, david and the thing i have always liked about the show we can disagree and still move forward and that is a better way to learn. i wish congress could do the same. >> bingo. >> you are looking at july prices. prices went down in june. you have to take a slightly long-term view. they liked the right-wing inflation and indicated demand. prices are going up it is not a bad thing. markets are going down and that is linked to a world financial crisis from 2008 and who ever is in charge it could be a decade long work out. we are lucky there is not a demand. modest demands, sounds strange. >> having praised quenton for being a journalist. i kn

. >> carl icon desire to takeover clorox he would have the zero interest in buying and he is trying toat something that would increase in value he is trying to do something about it he is simply trying to instigate a higher value their. the dow is now down 40. gregg's sklar is at 80 >> att is making some changes to reinvent itself it has become the west coast version of ibm it coming in three parts they will stop making a better touch tablets bit 1 a sell-off their pc business they could be sent sold under another company's name. then they want to start focusing on corporate customers they will continue to sell service to business cup bannercustomers does like ibm does. more hot than 300,000 employees with hiv worldwide. now the weather forecast and we're watching the fog >> all little bit of drizzle this morning the fog as the conduct all little and we continue to see it fog socked in. the fog continues into the weekend and we may have drizzle some saturday and sunday we are seeing a bit of the parents in our temperatures. man upper 50s and 60s in the north bay area we will see eighti

they've made more than $250 million in 2007 and clorox bought them for under $1 billion.ann bought a flower shop. he branched out over the years and added the telephone number and.com to his name. the company reported almost 668 million last year. it's also where one of my producers goes every time he's in trouble at home, i'm told. you can tell he wrote this script. visit

. >>> the oakland-based clorox corporation has reported a slight dip in earnings. they are blaming it on higher commodity prices. it's the 4th quarter profit drop by 1%. the company earned $169 million down from 17 1 million a years ago. they are dealing with a takeover offer from billionaire investor carl icahn. he has tried to buy the company two other times. the market is down 28 today. the stock market is on its longest losing streak ever. today dechina comes as investors become in-- decline comes as investors become increasingly concerned about the poor state of the american economy. the service sector grew at its slowest pace in two years but a far cry from yesterday down over 200 points yesterday. so 30? i think they can deal with. >>> coming soon to wal-mart tickets for concerts and sporting events. the retail giant teamed up with ticketmaster to install touchscreen kiosks in all of its stores. then shoppers will be able to search for tickets for events and buy them in the stores. the service will be available starting august 15. >>> and today comic book fa

was also the cio of the san francisco municipal transport station at 40, and she was also managing clorox's data centers previously. thank you for being here. with so much brainpower and prospective in this room, i will actually ask each of our panelists to take four or five minutes and give us a landscape of where you think of computing is today and where you see it going. am standing here with these microphones makes you feel like what rupert murdoch must have felt like this morning. i have no direct knowledge of the cloud. [laughter] let me make a small correction since my academic colleagues -- you're so sensitive to this. i am lecturer at stanford university, not a professor. that is another level of this conversation teary let me extend the conversation a little bit. one of the things that it was after i left or go, i taught for many years at stanford and talk, as i told the kids, real stuff. i started a class on cloud computing. three years ago, i started a class at the university in beijing as well on this subject because i feel it is really important. we are in my opinion in the se

consumer stocks were the strongest today, led by clorox and its 3.6% rally. investor carl icahn has offered to buy the company for $80 per share. kraft foods jumped more than 3% a day after announcing its split into two companies. and philip morris was up almost 3%. consumer giant proctor and gamble had a better than expected quarter as it fights against rising commodity prices. earnings came in two cents per share ahead of estimates. p&g has been raising prices to keep up with those commodity costs. its outlook came in about as expected. shares were among those bouncing higher, up just under 2%. while emerging markets have been a bright spot for business, the u.s. still accounts for more than a third of its business. impressed with last night's quarterly results showing resilience in bookings, a host of analysts raise their price targets for priceline.com. shares popped 9.2%, volumen putting the stock back over $500 per share. weighing on technology stocks today was brocade communications. it makes switches and software to connect computer servers and data s

chiquita brands, clorox, and mastercard report results. and hilary kramer is our "street critique" guest. you can email your questions to streetcritique@nbr.com. living social is entering the south korean market in a big way. it's buying local daily deal service "ticket monster" for an undisclosed price. monster accounts for 45% of korea's daily deal market. this is living social's ninth acquisition in the past year and its biggest to date. it's expected to follow its bigger u.s. rival, groupon, to the public market, filing for an initial public offering later this year or early next. >> tom: while the debt deal is history, the senate failed to end a partial shutdown of the federal aviation administration today. senate lawmakers continue objecting to legislation approved by the house to fully fund the agency because the bill includes cuts to some subsidies for rural air service. with congress on vacation for the rest of the month, no action is likely until september, leaving most federally funded airport construction projects on hold. >> s

clorox reports strong earnings. the oakland-based company says profits were down 1% since raw material costs increased. clorox earned $169 million which is down slightly from this time last year. >>> the world's largest automaker is telling its suppliers to prepare for increased production during the 2012 model year. that's a sign that they are confident. japanese officials report toyota is planning to produce 8.29 million vehicles in the 2012 year. >>> starting today, dunkin' donuts will start to serve its coffee inlittle cure rated couples -- cue rated cups. they are available only in dunkin' donuts shops. starbucks plans to start selling their coffee the same way this fall. >>> today's hearing in the idea idea case has disturbing -- jaycee dugard case has disturbing video. that's nancy garrido. she told investigators she videotaped little girls in her husband's van at least ten times in 1993. >> you were supposed to sit down next to them and play nice, sound interested and somehow coax them into moving around --

i bring my own clorox wipes with me. >> absolutely.you still can stay fit. >> this is not the time to take vacation from your exercise. you don't have to do the high-intensity workout like at home but take a walk around the new city that you're in, but sometimes people bring their own portable exercise kits, even doing yoga stretching in your room. you still want to be limber and active. >> avoid the reusable glasses in the room. >> i get suspicious if i see a glass that's not in a sealed plastic bag. i would not use it. even if they put a paper cup on top, you don't know how well they're cleaning it or if they're cleaning it. use the plastic ones in the sealed bag or just drink out of a bottle. >> and you also say bring a white those generators, which they have apps for now on your phone. >> they do. it's great. even in very high-end hotel rooms you may have a noisy neighbor. you never know. if you are a light sleeper, bring something like that. >> you also say do a renovation check if they're doing work around the hotel. >> there's n

for the whitest whites, use detergent, plus the advanced whitening formula of clorox bleach. get two boxtops for their school. toaster strudel. the one kids want to eat. plus i get two boxtops for their school. let's design a vacation on a bumake it work.edia. see what anandra did? booking her flight and hotel at the same time a serious money-saving maneuver. book it! major wow factor! where you book matters. expedia. >>> and we are back, everybody, with "what the what." that's right. sarah sifted through all of the photos you sent and she's here with the ones that stopped and made her go, what? >> the first one is from elizabeth from colombia missouri. if it's not bob's, whose is it? our next photo sent by samantha vogel from highpoint, north carolina. do you think they're trying to tell us something? >> religion and family finances. >> it's smart to have them close to each other. >> kind of -- a little awkward to look at, though. somebody's dropping the ball or the book. next up from chris brewer from golds borough, north carolina sent us this photo, that sounds messy. >> o

. >> billionaire investor is to going to install myself on the board of clorox twice rejected his offerclock box he made as to offers in the last month and the company rejected both those officer witers. all eyes will be on wall street once the bill opens this morning dow was down 419 pauling's and nasdaq was off on hundred and 31 points >> from the opening bell the dow was in free fall, it lost points in the first 45 minutes of the before closing down a net 419. >> we have cut jobs and wages and growth crisis until we get more spending by individuals and businesses and short-term government we are not going to have enough demand to get people back to work and get economic growth this is not only in the u.s. but also in europe >> the market responded to by all lot of bad news number-one net debt problems in europe and more people signing up for unemployment then sign up the week before. july home sales fell and manufacturing in 11 states. it is pushing mortgage rates lower. painless on your mortgage each month it puts in your pocket more to spend ray will help the economy down the road

trying to buy the clorox company of oakland.irectors so he can take control of the company then sell it. the king is dead. burger king said it's retiring the mascot in the ads. the company has switched advertising agencies and refocusing efforts to reach new customers. >> violence has broken out in syria a day after u.s. and european leaders asked the president there to step down. thousands of people marched streets, shouting bye-bye bashar. tanks and gunfire met the protesters at least 20 were killed. human rights groups say nearly 2000 people have died in syria since the uprisings began. assad told the international community he would no longer use violence. >> and muammar gaddafi's stay in libya may be numbed. two officials say the leader may be planning his land stand in tripoli. rebel groups are closing in on the capitol city. monday gaddafi urging supporters to take up arms against rebel forces. libyan government troops launch aid fierce offensive to keep antigaddafi forces from keeping control of a city 60 miles from the

shares of clorox are active today. the oakland-based company out with the fourth quarter earnings.ll go up. company telling investors this morning the broad-base price increases next year due to the rising commodity cost. elsewhere, emeryville based pete's coffee and tea facing higher cost. the sales in grocery stores did well. looking ahead, pete's plan to expand distribution including target stores. google, under investigation by the federal trade commission of the dominant of internet search, made interesting new hiring decision. it's hired suzanne michelle. one of the top intellectual officials, joining the google legal team. live from the new york stock exchange, i'm jane king, bloomberg news. >> thank you. >>> the san jose city council decided against asking voters to approve five sales tax measures on the november ballot. two are general tax increases. three were special sales taxes for public safety services. the decision not to place any such measures on the ballot came after a poll showed all five measures were likely to fail. the vote was 9-2 against placing the tax meas

consumers can see the higher prices of the clorox products.leaner, glad wrap and salad dressing. beating the heat at baskin robins is going to cost you more. they hike prices as they face higher dairy prices. and gold is at all-time high. yesterday stocks broke the losing streak. that is on speculation that the federal reserve may start another stimulus program to avoid falling in another possible recession. at the new york stock exchange, i'm jane king with the bloomberg business report. >> we are getting a detailed look at the 49ers proposed santa clara stadium. it features a grand entrance terrace. glass, food court and seating that brings fans closer to the field. the designers say it will be a wi-fi paradise. >> it will get more down to if i'm a fan in my seat what can i look at in the handheld device with the replays to ordering food? >> the niners want it ready to go for the 2015 football season. major questions about funding are unanswered. the voter passed a measure with 114 million in public funds. >> you can't replace the whey prote

for the whitest whites, use detergent, plus the advanced whitening formula of clorox bleach.] get five dollars in money-saving coupons at v8juice.com. photo center prints and... two htc sensations from t-mobile. hey dad! hey son! i'm at study hall. that's great, you make me so proud. thanks dad. [ clatter, scream ] what's that? nothing... [ man ] game on! ♪ i gotta go! was that a chicken? [ male announcer ] get everything you need for back to college, like the latest smartphones with video chat starting at $48.88. save money. live better. walmart. ♪ if i could turn back time >> today's woman is brought to you by the makers of zyrtec. love the air. >>> and on today's woman, the bottom line on fine lines. whether you're in your 20s or you're hitting your 50s. there are things that you can do to diminish, maybe even prevent facial wrinkles. >> and clanna barfield has some hints to prevent wrinkles. >> you want to get started as early as possible and sunscreen is what you start with. and you combine your sunscreen with an anti-oxidant serum, that's going to minimize free radical

. - yeah, are y-- - seriously, the clorox one. - oh, okay. the difference is obvious.f clorox bleach. they're itchy, dry and uncomfortable. i can't wait to take 'em out, throw 'em away and never see them again. [ male announcer ] know the feeling? get the contacts you've got to see to believe. acuvue® oasys brand contact lenses with hydraclear® plus technology, keeping your eyes exceptionally comfortable all day long. it feels like it disappeared on my eye. [ male announcer ] discover why it's the brand eye doctors trust most for comfort. if you have astigmatism, there's an acuvue® oasys lens for that too, realigning naturally with every blink. ask your doctor for acuvue® oasys brand. you want that? you want a warm, super-delicious strawberry toaster strudel yeah but now i have nothing to eat sure you do. hey! you can have the pop tart! pillsbury toaster strudel. the one kids want to eat oh, we call it the bundler. let's say you need home and auto insurance. you give us your information once, online... [ whirring and beeping ] [ ding! ] and we give you a discount on bo

clorox is down 1.75%.one immune to the overall effect. >> someone in congress also money and went for it. take a look at how they got the cash. the truck back into this a bingo halt in concord and rammed it through the glass window a couple of times before they got inside, they grab to the atm machine and it took off. jackie sissel is live on the >> they have made a lot of progress cleaning up. they still do not have a front door, they have more work to do. i am at the blue devils bingo hall does of course for different non- profit organizations in the concord area. there are looking for help themselves at this point. in the video at the far left you can see one of the suspects piccard round, then the suspect drives through the building, they slowly pull out, all of this was caught on surveillance, they came to a second time, all of this happened around 2:50 a.m.. when the truck back in for the third time, that is when they knock the atm of of a the bolts to the floor. one of the suspects walked inside, li

clorox announced it's raising prices., glad wraps, several clorox cleaning products all going to be a little more expensive for you. ooo whatcha got there? uh oh, sesame stir fry from lucky dynasty. oh, me too! but mine's lean cuisine, so no preservatives. [ female announcer ] lean cuisine has 90 dishes with no preservatives and quality ingredients like farm-picked broccoli and tender white meat chicken. lean cuisine. >>> just crossing the half hour. time for this moing's top stories. the white house is right now considering what options it has to get thousands of federal aviation employees back to work. they've been off the job for days after congress left town without approving a funding extension for the agency. because of the dispute, the government is losing up to $30 million a day in tax revenue. cargill, a major meat processor here in the u.s. is recalling nearly 36 million pounds of ground turkey because it may be contaminated with salmonella bacteria. 76 people in 26 states have gotten sick. it's also believed on

clorox, mastercard and cnn's parent company time warner release earnings before the opening bell and dunkin' brands will release its first quarterly earnings report since going public last week. "american morning" will be back after this break with a city in new england declaring bankruptcy. discover customersl are getting five percent cashback bonus at the pump... and at many of the places their summer plans take them. it pays to switch, it pays to discover. aren't getting enough whole grain. but actually, it's never been easier to get the whole grain you want from your favorite big g cereals. from cheerios to lucky charms, there's whole grain in every box. make sure to look for the white check. [ male ] using clean american fuel is just a pipe dream. ♪ [ female announcer ] we're rolling away misperceptions about energy independence. did you know that today about a quarter of all new transit buses use clean, american natural gas? we have more natural gas than saudi arabia has oil. so how come we're not using it even more? start a conversation about using more natural gas vehicles in