michelle caruso-cabrera is here from cnbc world headquarters with more on where we're headed. you said today we're asking questions about this economy we weren't asking a few months ago. any real worry about the future here? >> absolutely. we're asking whether or not it's possible the u.s. economy may enter a second recession. there aren't a lot of economists predicting that, but because of the spate of bad economics you have highlighted, they have cut their growth for the economy. that's significant. we used to think the economy would grow more than 3%. now it's expected to be less than 3%. and many believe on wall street you need 3% growth in order to improve employment in the united states. below 3%, you're not going to make a dent in the unemployment figures. >> we all grew up hearing the exception, double-dip recession. what's the difference between that and an elongated, extended awful economic period for millions of americans? >> for millions of americans, it feels like the same thing, but the technical difference is we went down and then we went up, and maybe we go dow

cnbc's sue herera joins us from cnbc world head quarters with more on the upcoming week in the world, we will get a few economic reports that will likely give us more proof that the recovery may be slowing down, including retail sales figures from may and read on consumer inflation. with the nation's jobless rate ticking higher, president obama meets with his jobs and competitiveness council in north carolina this week. some corporate earnings of note as well. electronics chain best buy, blackberrimaker, research in motion, and rvmaker winnebago report their quarterly earnings this week and all expected to see less profit. but retailer pier one should see net income rise. >>> and look out am, google will start selling two new notebook computers that run on its chrome operating system. >>> and after nearly ten years, the first civil wrongful death trial stemming from the 9/11 terrorist attacks is slated to begin this week in new york city. all 95 of the other lawsuits were settled with survivors receiving benefits. not this one, however. >>> and with half of the nation's corn crop goi

those are some of the headlines making news on cnbc. have a wonderful friday and a good weekend. >> i don't know how you feel about spiders, but they are invading the san francisco zoo. they are bringing in the creepy crawlies for the summer. they will feature more than 20 exotic tran las. the exhibit opens tomorrow morning at 10:00 a.m. line ul to see the creepy crawlies. are you afraid of spiders or anything? >> i have been referred to as a black widow many times. just kidding. good morning to you. i have no fear. only people scare me. high pressure is looking good today. it's going to warm us up so nicely. yesterday might have been too warm for you. today a touch cooler. here is the thing. we have a little bit of fog out there. it's going to take awhile before we see the clear skies like yesterday. this morning, we are starting out nice and mild. 58 in sunnyvale, 57 in san jose. we are on our way to the 70s. the impressive weather story is soon to come. 77 degrees in fremont. 76 in los gatos. 80 degrees in gilroy. 75 in santa cruz. a

cnbc reports that facebook will be filing an initial public offering, and this may be worth 7 million euros, and goldman sachs is looking to manage this ipo. they had invested 270 million in this website that is used by five modillion people worldwide. saab is working on a deal that would give 235,000,000 euros and give a stake in steicher. this would mean all of sweden's auto industry is in chinese hands. samsung led has filed a copyright infringement case in response to a lawesuit against samsung. this is a subsidiary of the zemens corporation and will go public later this year. >> tahank yothank you for that. in new zealand, tremors affected the town of christchurch. they are reeling from a 6.3 earthquake that killed 181 people earlier. >> the largest of monday's tremors had a magnitude of 6.0. the city was furtherr damaged as they struggle to recover fro mthem the earthquake. this has not weakened the government's long-term commitment to protect the surrounding area. >> with memories of the earlier earthquake in their mind, some people panicked when the largest tremor had struck.

>> i go to cnbc to see how the kron stock is doing and then i watch talk.n the morning. venus williams made a fashion statement today. 125 edition of probably the biggest 10ing tournament in the world. i know some people argue, especially new yorkers it's the u.s. open, but here is venus williams as she wins easy. let's see the back of her dress. something different. something different. yeah. all right. you win and wear whatever you please. for the first time in two years since giving birth, bay area native, the great carry walsh rejoined her partner, misty trainer. they won two olympic gold medals. in the beach volleyball world championships they came in second. they pet sand out there in rome and said ♪ ♪ [ woman ] sam begged and pleaded... so i sent him to camp. we'd earned lots of points with our new citi thankyou card... and i put them to good use. he told me about his bunkmates and how he signs up for every activity. ♪ ♪ he even hangs out with the camp director. just like that. [ male announcer ] the new citi thankyou premier card gives you more ways

>> i go to cnbc to see how the kron stock is doing and then i watch talk.ar at 7:30 in the morning. venus williams made a fashion statement today. 125 edition of probably the biggest 10ing tournament in the world. i know some people argue, especially new yorkers it's the u.s. open, but here is venus williams as she wins easy. let's see the back of her dress. something different. something different. yeah. all right. you win and wear whatever you please. for the first time in two years since giving birth, bay area native, the great carry walsh rejoined her partner, misty trainer. they won two olympic gold medals. in the beach volleyball world championships they came in second. they pet sand out there in rome and said let's play some beach volleyball. >>> all right, everybody. see you tomorrow. droid ! ♪ [ male announcer ] spare toothbrush, just in case: $4. ♪ home cooked meal: $28. ♪ first date finest: $33. ♪ having time on your side: priceless.

that's it for cnbc. back to "hardball." >> welcome back to "hardball."e are back with more on the biggest story of the day, maybe the month. wiener admitting everything he was accused of last week was true. this is out of a movie. a perry mason moment that he did send that photo no a woman in washington state and he has been carrirying on tekst sexting with other women, since his marriage. gentlemen, i want to ask you about this thing because, maybe because i want to try to understand why this looks so bad for anthony weiner. even though i do feel for him adds a person. all these days, he denied it flatly. blamed it, blamed it, blamed it. it is the press's craziness. told luke reser, maybe it is possible. he didn't get caught with another woman. he didn't get involved in anything to do with public money. he didn't get involved in anything to do with having relations with a lobbyist for example, which is usually killer wsh sex plus they call it in the old days. it is a high school level embarrassment. like your parents go in your room and see you are doin

. >>> cnbc reports facebook is preparing for a initial public offering that could value the site at morehan $100 billion. >>> finally, adding insult to the injury of the miami heat's loss in the nba finals, a full page ad ran in monday's miami herald reading congratulations, miami. next to photos of heat championship t-shirts and hats, all from macy's. a macy's spokeswoman apologized to heat fans. whoops. >>> coming up, an owner pays for the parade. a captain pulls up lame. the tigers walk off winners. >>> plus, the bruins shell shock the canucks, forcing game seven for the stanley cup. your early morning sports headlines are straight ahead. >>> in weather we continue very hot. the southern half of the country. the northern half, a little cool and we're stormy in the middle. your forecast coming up. you're watching "early today." 2 >>> good morning. if you are just waking up, this is "early today." in sports facing elimination on their home ice, last night the boston bruins flattened the vancouver canucks, forcing game seven in the stanley cup final. here's nbc's fred rogan with an early

with more on that, let's turn to bi birtha with cnbc. >>> futures are at a lower start after the very disappointing jobs report on friday. only 54,000 jobs. this economy is stalling further and some of them think it's going to tie the hands of the federal reserve. now, they are not likely to raise interest rates for more than a year. maybe until the end of next year. asian markets this morning were weaker and europe has been trading lower. we don't have economic data today but we have word on import prices and trade deficit. after falling 97 points on friday, it was a rough week particularly for tech. nasdaq lost 40 to 2730. it's not just sony, speaking of tech. nintendo says it was attacked by hackers. a company saying sunday the servers were broken into several weeks ago. no consumer data was stolen. the hacker group admits to targeting nintendo. they say it didn't mean harm. i guess they do these things for fun. it's the same group that infiltrated the website of sony pictures, and fox. >>> steve jobs is going to unveil is new i cloud that lets them store online and play from any a

cnbc's michelle caruso-cabrera is there. michelle, good evening. >> reporter: good evening, brian. more than 100 people were injured including 38 police officers. this after the greek parliament voted in those tough new austerity measures, what they had to go in order to get a loan under the european union and avoid drups. -- bankruptcy. protesters took aim at police and set fire to the finance ministry, but they couldn't stop the passage of $40 billion of tax hikes and budget cuts. >> we cannot stand them, we cannot pay, we are not going to pay. >> reporter: when it was over, more than 100 were injured including 38 police officers. unrest is expected to continue as the government struggles to impose the five-year austerity plan, opposed by 80% of the population, according to a recent poll. the president argued the suffering was necessary to avoid the country's collapse. support from two opposition lawmakers assured passage. but even a new $17 billion loan may not be enough to avoid financial meltdown. >> lots of people are not convinced that this can resolve the situation. i think

. >>> our sister network cnbc has named virginia america's top state for business. >>> finally, parentslying on malaysia airlines may need a sitter. the carrier has reportedly banned babies from first class cabins. >>> coming up, the mets slam the tigers. lee shuts down the sox, and america's world cup women in action. plus the orioles luke scott commits home run robbery against the cardinals. your early morning headlines are straight ahead. >>> the fourth of july holiday weekend slowly approaches and right on cue the heat is going to get worse. the forecast is coming up. you're watching "early today." >>> good morning. if you are just waking up, this is "early today." in sports last night the opening game of a matchup many call a potential world series preview was no contest. here's nbc's fred roggin with all your early morning sports headline psp. >> if you don't know by now, the phillies cliff lee is good. he's real good. he was up to his old tricks against the red sox. tossed a two-hitter for the third straight complete game shutout. getting to be ridiculous how dominant he is. domo

and cnbc says facebook will file for an ipo. a reporter puts facebook's value at $100 billion. not bad for something invented in a harvard dorm room in 2004. part of these estimates, laura, are based on the private sale of facebook stock. you can buy and sell. there's very few sales of facebook stock so it's a thin data stream. but it's probably the best estimate we've heard so far. >> wow. we know it's going to be a lot. >> a lot. >> interesting. it will be interesting to see how they can grow if they get that influx of money. >> right. as we talked about yesterday, there aren't that many people left to join facebook. >> interesting. 5:26. pg&e investigating copper thefts. thieves are getting bolder. >> i'm bob redell. we're on the bay for what is to be a ride of a lifetime. a preview of the world cup sailing competition that will be coming here to san francisco in 2013. we'll have that coming up. thieves are getting bolder. >> reporter: good morning. i'm christie smith. first lady michelle obama making a bay area appearance today. we'll tell you about her two stops, what she'

evans williams bowed ouchlt the rest of your news before the bell we turn to nicole lapin with the cnbcuarters. good morning, nicole. >> good morning, futures are higher as investors await the outcome of an austerity vote in greece. if the greek parliament passes the plan the country could be eligible from the imf which could help it avoid a default. europe was also positive, last time i checked. we do get some of our own data out on pending home sales. wall street rose yesterday on the news out of greece, strong earnings from the likes of nike and a slight rise in home prices in april. to recap some of that market action, triple digit gains over the second straight section 145 points, 12,188 is where we closed there. nasdaq added 41 to 4729. in the wake of the hacker attack on citigroup, a new study found banks and credit card companies can make consumer accounts and i had its safer with a couple of steps. they do a pretty good job resulting fraud issues when they happen but fall short on prevention. bank of america ranked best in terms of protecting customer data. javelin said it can

i'm sue herera, get all your business news on cnbc. >> you can also get your business news before the market opens weekdays on "today in the bay" which starts at 4:30 morning. >>> we still have more ahead for you on "today in the bay." edging towards a resolution, the first signs that we may soon have a state budget. we'll talk about political analyst larry gerson. >>> good morning, there's lots to do "today in the bay." we've been talking about the san francisco pride festival. it's the 45th year of this iconic event and there are over 200 floats expected in the parade. the sf pride official closing party is slated for the regency ballroom tonight. it's $65 but that's a bargain because the headliner for this event is taylor dane. taylor dane, diva. and from the pride festival to pride in your car, classic cars in old town pinole. the 20th cruising in the sun classic car show is from 8:00 through 5:00 today. if you're looking for anemic imports, sorry folks, entrants are only all american made and from 1975 or older. that's real steel. look at these beauties from past shows and get th

. >>> i'm amanda drury with your cnbc market wrap. finally a positive day. up by 17 points. a 1 point game for the s&p and the nasdaq up by 4. the markets are keeping a close eye on this right now. ben bernanke is delivering a new report containing his assessment of the state of the economy. this is his first statement since april when he said temporary factors like high gas prices were largely to blame for slow growth at the start of the year. these this from cnbc, first in business worldwide. >>> it is consistently the number one rated reality show on cable television. set in sin city with its clever play on words and characters that are so dynamic they must be real, "pawn stars" takes you behind the scenes to reveal what life is like for the harrison clan and the family business. they bought everything from family heirlooms to guided missiles and today rick harrison is here with us to discuss the show and his new book "license to pawn." rick, thanks so much for joining us. >> thanks for having me. >> 6 million viewers a week. i'm deeply jealous. how do yo

those are the latest headlines, marla, making news out of cnbc. back to you. >> thank you, nicole. >>> take a look at this. a huge avalanche rocked mt. rainier in washington state on saturday. and two climbers caught it all on video. witnesses say chunks of rock the size of homes or semitrucks kicked off the slide. check out the massive cloud of rock, ice and snow that rushed about two miles down the face of that volcano. the avalanche was even strong enough to register on seismographs in the state. fortunately no, injuries were reported. this was the third major avalanche at mt. rainier in the last five days. >>> 5:16. we're going to send it over to christina for a look at your very hot forecast. >> some like it hot this time of year. it's what we're used to. but we had that crazy weather earlier this week. things are now starting to come back to the norm. here's a live picture of the bay bridge this morning. and you can actually see pretty well here. we don't have any vision obstructed on the immediate highway. as we head through the 6:30 hour,

cnbc's becky quick is here for a look he at the markets. can bernanke say anything that in will make people feel belt ber this economy? >> that qe 3 is coming do what they can, spend more money to making the economy come back. chuck, don't belt him on sayingthiny of those things. markets higher today, as you mentioned, after four down days, the dow will open up by 70 points but watching what bernanke said today, speaking in atlanta, people want to know what his sense is from all the weak economic numbers we have been getting recently. odds are he is not going to deviate from what he has been saying in recent times, but if he does, you can bet the markets will be listening and will react, probably pretty sharp any one direction or another. i can tell you, we did have the dallas fed president, richard fisher, on "squawk" today and talked about what's seeing in the economy. this is just one man but he says thinks the economy will pick up in the second half. he thinks qe 3 is not necessary. and we will be waiting, chuck to see if ben bernanke e

michelle caruso-cabrera from cnbc. >>> up next, it happened again. outrage over airport security. new calls for injecting common sense for the common good. so we'll debate the topic in our next segment. >>> and later, a running club that's so much more. how it's "making a difference" in a lot of girls' lives. >>> as we mentioned before the break, you, perhaps, have heard the latest airline security story. a lot of people were outraged to hear of the 95-year-old woman, cancer patient, in a wheelchair, who had to undergo an intimate security check at the airport in destin, florida. the tsa needed to check everything, that included the contents of her adult diaper and while the facts of the case get more graphic from there, it's now just one story in our larger national debate in the ten years or so since 9/11, we've seen it all at the airport. all of us. we've seen the passengers who, to us, seem like unlikely terrorists. seniors, young children, some of them end up on youtube. many of them have helped change the actual policy, which in some cases, amounts to legalized groping. what

cnbc's michelle cabrera is with us tonight from athens. michelle, we're looking at the scene over your shoulder. such a beautiful picture. i understand the situation on the streets was better today, but give us an update of the situation behind the scenes and remind everybody how this could blow back and be felt very acutely here in the u.s. >> reporter: behind the scenes it's still a very desperate situation. the european press is calling this the continent's lehman brothers moment. government officials are worried that if greece fails to pay its debts, it could have a blow back here in the united states. and we felt those deep economic painful effects afterwards in ways that we didn't expect because the world economy is now so interconnected. financial experts here aren't convinced that will happen but they don't want to find out. what's happening right now is that the greek government is working desperately to try to pass a budget with deep budget cuts. but those cuts are so painful, that has led to rioting in the streets. they are in a

experience as a guest commentator at cnn bluebird radio, which is now one of our tenants, and the famous cnbc closing bell and squawk box, so we look forward to having you do some commentating for all of us -- guest commentator at cnn/bloomberg radio. it is terrific to have you as well as all of the members of the commission, so, welcome to the board. today, we have mostly happy news. the first is, as you know, n.a. is our busiest cruise month of the year, and this year is no exception. in may, we have had 16 calls between may 3 and may 30. i cannot think you will see present any of the maritime staff as we have been really busy. in among those 16 calls, we have had two ship calls. for the month of may, we expect 40,000 passengers just in a single month. that is stunning for us. it gives us a total of the anticipated cruises for 2011 on a calendar basis of 63. which is more akin to sort of our high numbers. put it in perspective, last year, we have only 41 calls. recall that that had a lot to do with some changing economics in the alaska and mexico itineraries. so far in may, we have seen eig

for more on that and other news benefactor bell, courtney reagan live at cnbc. good morning. >> good morning to you. futures are lower after yesterday's gains. it looks as though we've actually gained back a little bit today. stocks did price on optimism on the vote of confidence in the government that will help the country avoid defaults. higher on the optimism. europe is relatively flat. there's no economic data today but fedex just reported their earnings. they beat the street. that's handlingly seen as an economic indicator, people buying, shipping and things looking better. see how the markets play out with this news. big focus on the fed, wraps up a two-day meeting this afternoon that is expected to cut its economic forecast. but insists growth will pick up later this year. fed chairman ben bernanke will hold his second press conference at 2:00 p.m. eastern time. >>> cash is still king in the housing market. the national association of realtors said cash buyers accounted for 30% of existing home sales last month up from 25 a years ago and 12% in 2009. cash

mary thompson, cnbc, empire, nevada. >>> you may have heard the term jumping a shark.ow about a shark jumping a surfer? a piece of vida to show you. a four-foot spinner shark leaping over a surfer waiting to catch a wave. a photographer who works for the orlando sentinel newspaper didn't realize what he'd caught on tape until another surfer standing nearby said, "dude, did you see that?" i think he said it like that, anyway. >>> when we come back, making a difference for veterans suffering from an all-too common wound of war. >>> among the many lessons learned after almost ten years d of war in afghanistan is that those who fight can never quite leave the war behind. tonight, we have the story of an innovative new approach to healing the scars of post-traumatic stress. one that for many returning war veterans is making a difference. here's lee cowan. >> reporter: there are few places further from war than wine country. but on a bike ride through napa's sun drenched vineyards we found a pitched battle under way. >> i saw just too much. i think it just broke me as a pers

companies from cyber attacks, for more on that and news before the bell let's turn to nicole lapin at cnbc. good morning, nicole. >> good morning. futures are higher after yesterday's healthy rally, the dow snapping a three-day losing streak. asian markets were higher overnight on optimism that the greek crisis will be resolved. europe is higher. we get some of our data on home prices forecast to have dropped again in april. and on consumer confidence. recap, the dow rising 108 points yesterday, 12,043 is is where we closed. the nasdaq up 35 to 2688. you're right, companies are facing a growing threat of cyber attacks. they have new tools. the department of homeland security will help avoid problems that let hackers exploit websites. the effort came about before this round of cyber attacks on sony, citigroup and the cia. microsoft is setting up an office in the clouds launching a cloud-based version of its office software. it's office 365 and has all of the applications. it will be available on line in formats from any device. trying to confront google who has stolen a small percentage of

for the rest of the news before the bell we'll turn to nicole lapin over at cnbc. good morning. >> good morning. futures are teetering around the flat line after yesterday's big sell-off. stocks of course dropped as the dollar fell against the euro and worries about the debt crisis continues in greece. workers there went on strike, then rioted, then protested budget cuts as the government attempts to thwart a debt default. the u.s. also could be impacted by a greek default. reports say banks have about $41 billion of exposure. asian markets fell, europe is in the red but we get significant data out stateside on unemployment, housing starts and building permits. a report on regional economic conditions is something we're watching as well. the dow dropping to recap, 178 points yesterday, below that 12,000 mark to close at 11,897, the nasdaq lost 47 as well to close at 2631. also this morning citigroup says 360,000 customers were affected by a hacker attack. nearly twice the amount initially suggested. the breach was made public last week but first defected in may. ci

cnbc's steve acceptabling wij is live for us in london. hey, steve. >>> a very good morning to you. yes, we're hoping to see steve jobs back to health on the stage over at this san francisco developers conference. it's want not going to be eh shiny new gadget. it's going to be something dubbed icloud, which means if you have already bought music, can you stream them to pretty much any apple device. whether it's tablets, ipads, ipods, or computers as well, and this is going head-to-head with the likes of amazon and google who are trying to get their own services on-line. over to you. >> steve, i'm sure people will be jumping out to snap them up as they do every apple product. steve sedgwick, thanks so much. still ahead on eye way too early" a frightening display of power on this move by lebron james, but the heat manage to blow another double digit lead with a little help from dirk nowitzki. >>> sarah palin called it a gotcha question that called her tortured telling of paul riviel's read. she defends her version of the story. >> spilling out of the sky that dawn over the normandy pe

experience as a guest commentator at cnn bluebird radio, which is now one of our tenants, and the famous cnbc closing bell and squawk box, so we look forward to having you do some commentating for all of us -- guest commentator at cnn/bloomberg ra

from cnbc los angeles, bay area news. >>> not long ago he was working for president obama, now he's trying to defeat him. >> the latest contender expected to enter the gop field in the race for the white house. >>> rebuilding hopes dashed. why new zealand leaders are trying to dig out from a major earthquake, but they've suffered another blow. >>> and it's the most expensive broadway show in history. the troubled production of "spider-man" finally raises its curtain. composers bono and the edge talt s prhet pt hdest par t ocesofso far. that's coming up next. swipe your card please. excuse me...? this belongs to you... o...um...thank you. excuse me... this is yours... thank you! you're welcome. with chase freedom, you get cash back on what you buy everyday. this is yours! thank you! that's 5% cash back in bonus categories every three months. and an unlimited 1% everywhere else. activate your 5% cash back today at chase.com/freedom, or at your local chase branch. >>> in new zealand they're still feeling strong aftershocks after monday's powerful earthquake. the strongest of today's aftershoc

for more news before the bell, let's turn into nicole lapman, cnbc headquarters. good morning, nicole. >> hey, good morning to you, scott. the dow slumped -- it was nasty, brace yourself, 279 points yesterday, 12,290 is where we closed. that was the worst day for the dow since last august. the nasdaq composite tanked 66 points, 2,769 where we close there had. futuresthe pretat flat. i just checked it out. touch higher but investors holding their breath after yesterday's big selloff. investors spooked by more weak economic data a huge drop in manufacturing conditions last month, fewer private sector jobs created. so that went over to asian market wednesday they woke up and that trickled over to europe. they are also significantly in the red now and presumably, depending on how the economic data goes this morning that could trickle over to us. we are looking ahead to more numbers on unemployment, productivity and factory orders up today. also, retailers are reporting their may sales today as well, a lot to look ahead to those receipt necessary may are supposed to re

deborah solomon of "the wall street journal," jeff zeleny of "the new york times" and john harwood of cnbc and "new york times." >> award-winning reporting and analysis, covering history as it happens. live from our nation's capital, this is "washington week" with gwen ifill, produced in association with "national journal." corporate funding is provided by -- >> we know why we're here. to give our war fighters every advantage. >> to deliver technologies that anticipate the future today. >> and help protect america everywhere, to the battle space to cyberspace. >> around the globe, the people of boeing are working together to give our best for america's best. >> that's why we're here. >> corporate funding is also provided by prudential financial. additional funding for "washington week" is provided by the annenberg foundation, the corporation for public broadcasting and from contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. the unemployment rate kicked up again last month from nine to 9 .1% and ago

john harwood is cnbc's chief washington correspondent. he's at the white house tonight. john, the u.s. has a big interest in yemen and what's going on there. how is all this being read in washington? >> reporter: lester, the focus of american policy in yemen has been counterterrorism. white house officials are glad that president saleh is gone. don't expect him to come back. because he had become a liability in that fight. but one official i spoke with this evening was candid in saying, we don't know what comes next and when. institutions in the country are weak. and there is some urgency about helping a new governing coalition take shape before al qaeda is strengthened because, as one former ambassador to yemen put it recently, time is our adversary, not our ally, lester. >> john, thanks. there's one more item from the region. an update tonight on the libyan woman who gained worldwide attention after claiming she was raped by moammar gadhafi's troops. when the woman burst into a hotel in tripoli to tell reporters her story, government handlers dragged her away. she went

for more on that and the news before the bell, we turn to bertha coombs live at cnbc's world headquarters for the latest. good morning. >> reporter: good morning. the markets didn't take much cheer in ben bernanke's comments yesterday. in fact it looked like we're going to have a lower start again today. stocks lost steam in the final minutes as the fed chairman began speaking at a banking conference in atlanta and he was glum about the economy and weaker job market, a couple of other fed speakers saying things are kind of tenuous, but mr. bernanke still expects growth to pick up later this year. he didn't offer any hints whether the fed is going to provide any more stim lafb measures and that may be where some investors were disappointed. asia was lower overnight, europe is trading lower this morning. later today we'll get the fed's beige book. that's where the fed tracks conditions in all 12 of its districts. we're not expecting to hear good news. a little good news, oil under $98 a barrel as opec ministers are meeting in austria and debating whether to lift production limits. saudi ara

our friends at cnbc will have live coverage on that this morning. >>> plus, we'll have an update on the boy scouts trapped by high water and nothing like getting a party started early. next year the golden gate bridge turns 75, but this morning, our bob redell will be live at the marin county fair with more on how bridge celebrations are getting under way right now. >> marla, thank you. >>> let's check in with mike speaking of the bay bridge and golden gate. >> we're checking that just north of the carquinez bridge. i told you about an accident just off of interstate 80, 780. the location shifted over to the other bridge approach, the venetia bridge. there was a spinout. we're talking about fog in the area so just watching. there may be moisture on the road. approaching the bay bridge, no major problems. typical maintenance closer overnight and a live look at the toll plaza shows you how light the strsk coming over from the east bay. no big deal into the maze. you want no big deal and bay bridge in the same sentence. >>> sports fans may be in for a very grim fall. midnight tonight, the

she is live at cnbc world headquarters this morning. we need those jobs.ood morning, nicole. >> sister, we do. i wish it were raining jobs. it's not the case. futures are lower ahead of that big daddy. the jobs report coming out at 8:30 eastern time. job growth likely to lose a ton of steam, and japan's earthquake sapped the economy. 160,000 jobs. that sounds like a whole bunch of flowers. no. that is actually the smallest increase, marla, since january, and economists are even coming out saying that the whisper number, that's maybe what it could be, could be a lot less. so we're bracing ourselves. unemployment is also down 8.9% and u.s. stocks holding their breath. investors concerned about what the print is going to be. yesterday we were mixed ahead of the jobs report. just to recap, the dow fell 41 points, 12,248 is where we closed. the nasdaq composite rose 4 points. 2773 is where we closed there. also making headlines, the u.s. government selling its remaining 6% stake in chrysler to the automaker's owner, fiat. it will reap $650 million, sounds like

. >> cnbc reports that facebook will likely go public in the 1st quarter of next year.he company is expected to be valued at $100 billion. the ipo will mean that for the first time, facebook will have to release its financial information. the timing though could be wrong for going public. new users are not signing up for facebook like they have in the past. according to a website which tracks facebook, the growth rate of new users has slowed in recent months by as many as 8 million new users per month and facebook actually lost more than 7 million users in the u.s. and canada last month. the website is still growing, though, in developing countries. >> i was going to say that's because everyone's already a member. you know? everyone signed on. >> >> already has 2,000 friends. >> that's true. >> where do you go? >> you burn out after a while, i guess. >>> a new shift in autism research. why one new study says screening kids may be more harmful than beneficial. >> fido more than just a friend. how having a family pet could boost your kid's immune system. >> a bay area wom

to the booms and busts of the financial industry from the floor of the new york stock exchange at cnbc'm so proud because i know, and we all know that cable has changed people's lives. >> congratulations, maria. >>> and did the practice pay i off for the cubs' newest pitcher? well, once again the rain stopped at wrigley field, and maria threw out the first pitch before the cubbies took on the milwaukee brewers. the windup, the pitch, and of course the crowd went wild. and we're all team players here in business news. so that's the show for today. thank you so much for joining me. maria's guest next week is nobel prize winning economist michael sten. each week keep it right here where wall street meets main street. and have a great weekend. california should be proud. we were the first to ban smoking on airplanes. the first to have smoke-free bars and restaurants. all while saving over $86 billion in health care costs... and over a million lives. we've done a good job. but even if you were born today, you'd still grow up in a world where tobacco kills more people... than aids, drugs, al

. >> live pictures coming into for coming from or cnbc it is a tense situation. taken into custody and addition pentagon police said they had taken to other people into custody there was up package left in the bushes outside of the pentagon. >> another store where working on home owners in south bay will try to get helped with their mortgages. there is a five day seminar taking place at the convention center. how many people are relying right now? >> some of the folks out here began coming in at 8:00 p.m. last night. you can see people bundled up it's a little bit chilly out there. we should use of pictures from earlier this morning it is a free it mortgage modification program. this is an opportunity for them to sit across the table from their lenders and modify their mortgage payments. >> 50% of the people here today called to get their room mortgage fix the day i sincerely hope this happens we all need help. we've been here since last nine. >> excel mounters are armed with the information they need. they hope they can do something in the next 45 to 60 days. th

birtha is live at cnbc with a live look. good morning. >> good morning, laura. we could use a boost. it looks like we are going to have a downside to the open. probably a little bit of hangover. a lot of folks trying to dissect what it means with the horrible jobs report we saw friday. 54,000 jobs created in may. economists think with the economy stalling this badly, the federal reserve is likely to just keep things on hold longer than most people think. a lot of folks thought they would keep it through the end of this year. now, some think it will be through the end of next year. europe, trading is weaker, too. no economic data on tap for today. we'll get reports later in the week. the dow fell 97 points. the nasdaq lost 40. are you in the market for a new suit? flooding and draughts in australia mean business folks may have to dig deeper into their pockets for a pinstriped suit. wool prices have already doubled in the past year because of the troubles in australia. the impact feeling that a number of retailers. if prices stay high, they have to adjust. s josep

for the rest of your news before the bell, we turn to nicole lapin at cnbc headquarters. >> great to see you. good morning. wall street looking to build on monday's gains, markets rising on some of the fears over greece's debt. investors snapping up some bargain stocks. in athens again today, the prime minister faces a vote of confidence later today. asian markets rising on the news so europe is higher and that's coming to our side of the world. we get some of our own data on home sales and the fed kicking off a two-day policy meeting. the fed is not expected to rang interest rates. we'll be watching everything that comes out of ben bernanke's mouth. the dow rising to recap the action yesterday, 12,080 is where we closed. the nasdaq to 3629. we're hearing that sales of hybrid vehicles are stalling out as buyers are opting for more fuel efficient compact cars. hybrid 6.5% of the market in mid 2009, now 1.6%. sales of conventional cars are hot. these cars use various ways to boost mileage, all rated at least 40 miles per gallon without all of the extra stuff that can add up to six gran

for more news before the bell, let's turn to nicole lapin, live at cnbc.ood to see you, again. >> good to see you, laura. wall street closed down for a sixth straight session. they are worried about a slow le coverry following ben bernanke's grim outlook. europe is lower this morning. of course, following the great decision by the ecb, oil rallied after opec failed to reach a decision. crude oil is back up today. we get more economic data in 15 minutes time. we are looking at trade deficit numbers. it could drive the trading today. the dow fell to 12,048. nasdaq down to 2675. >>> t.g.i. fridays wants your dads to have a cold one. you can send an e-gift card for a cold brew. you can buy five for five bucks each. you can use them for food and other non-alcoholic beverages, too. they can't ensure who is buying the e-cards. they can make sure those redeeming them are 21 years old. you have a couple more years until you are legal. >>> also this morning -- super8 is coming out. twitter is letting you sneak in early. the new movie is produced by steven spielberg

for more on that plus other stories this morning we turn to ryan at cnbc. good morning. >> i'll get to that post office story in a second. i want to tell people stock futures slightly negative as we head to the open. we had a late day turn around yesterday. stocks were down, the dow was up on news, the jump in jobless claims, a slump in oil, the u.s. and several countries surprised the markets by announcing they would release 60 million barrels of emergency oil reserves aimed at boosting the economy by bringing down gas prices. late in the day there was a potential deal announced with greece on their measures and the stock market rebounded. asian market desire edge higher overnight. there are some green arrows in europe now. for the u.s. we get data on durable goods and the report on gdp, in about 14 minutes. we are likely to learn the economy grew. the dow closed down. the nasdaq rebounded. 17 points to 2686. let's get to the post story. ice is a introduce add bill to overhaul the postal service. he says action is needed to prevent a taxpayer bailout of th

. >> i remember, i was thinking today about that cnbc town hall nine months ago that vel ma heart stood up and said to president obama's face, you haven't done what i thought. is his challenge those voter who is say how are things better since you took office? >> the voter who is say i believed in you and i don't have a job. the administration knows that and the problem for them is there is not a lot they can do. even if they were, they don't appear to have any problem getting them through congress. they are waiting and hoping the economy will pick up in a sustainable way. the only option they have is pushing the federal reserve. they don't have the power over there either. economists got formally reject and withdrew his nomination. they are in a bit of an opposition and they need to make economic policy. >> always good to see you, ezra. >> and you. >> you can talk with me on twitter. >> john edwards said he did wrong, but did not break the law. a close family friend gives us the inside story. he's next. plus, the casey anthony murder trial has much of america riveted a hair and air in

cnbc bertha coombs joins us with more on the i-cloud. >> it's a very big thing. steve jobs in fact, will be taking to the stage at apple's worldwide developers conference in san francisco. he's expected to unveil the i-cloud which let's users store media online and play them with any apple cloud. it will make itunes even stronger against rivals like google and amazon trying to muscle in on that action. it will show off the newest operating system for the mac and the iphone. >>> how are your suits holding up in the closet? flood and droughts in australia are about to make the uniform for businesspeople 10% more expensive at least. wool prices have doubled in the past year because of the troubles in australia, the world's largest wool producer. the impact is already being felt by a number of retailers on the high end. just last week banks said it's going to have to hike suit prices by the end of the year. so joe and barbara, if you're looking for a wool suit, buy them a little off-season if you want to save a little money. >> as i said, we just have to bring back t

that's it from cnbc for now.worldwide. >>> the latest in the planned parenthood fight goes before a federal judge in indiana today. lawyers for planned parenthood are seeking an injunction against the state over a new law that bars the organization from receiving federal funds there. governor mitch daniels signed the bill last month even though it could leave thousands of women without health care and the legal showdown could cost indiana an estimated $4.3 billion. cecile richards is the president of planned parenthood. good afternoon, cecile. >> hello. >> did governor daniels decide to do this because even though the organization spends 97% of its funds on female reproductive health issues, he felt that 3%, the 3% on abortions was just too much? >> i really can't speculate as to why governor daniels signed this bill. i think the real problem is the state legislature in indiana is basically putting their own politics ahead of women's health care. planned parenthood has 28 health centers in the stit of indiana, ma