the cypress is in pieces. there is only this. the cypress is in pieces. . >> a poem i wrote shortly after 9-11. the terrorists for rachel cory and all those who were idealists and who actually believed that they could make an effect and social change. the terrorists who lives amongst us is not you, the terrorist who lurks in the shadows of our crowded city streets isn't me. he's not a demon with bulging eyes, a twisted mouth full of dirt, a crooked mouth, fangs driping blood. it's not the savage guner waiting for our school on their way to school. no, this

and i think the cypress story is fascinating.e a look at some of the details. 0.2% of total output. but the real question becomes, do you make depositors and bondholders share in the losses? >> of course. >> for everyone else. >> keep an eye on that. european markets, it's not as if they're selling off. as we turn to the u.s. session, usair lines are expected to return to near normal schedule today after nemo forced around 6,000 cancellations over the weekend. joining now from boston is arthur. good morning. i understand your driver had to back out the wrong way do i know down your street just for you to get into the studio. what's it like there? >> a lot of roads are very difficult to pass through. there's mountains of snow. even on the main roads, we seem like we've lost about a lane driving this morning. so pretty bad. >> how much of an impact has there been on the industry? >> it's not much. i mean, you look at superstorm sandy, i think to delta it was $35 million. and, you know, it's irrelevant to what delta has. and you loo

from cypress on the bond program for cypress could be taken in the course of the much. and the other things to watch to get our partner wes detroit and with the eurozone member states. >> are we talking about bail-ins or bailouts? what kind of scenarios are we talking about? >> talking about any concrete scenarios of that kind and our intention is to ensure stability. we are, of course, aware of the concerns that led to financial stability and we want to ensure that both in cypress and in the rest of the eurozone. >> there have been a lot of headlines about a currency war and action has to be taken on exchange rate policy. give us a bit of a feel what kind of issue that was at your meeting today. >> there was some discussion about that policy in the europe. i can say on the commission's behalf, i will be representing the european union in the context of the g-20 meeting and the next step began friday in moscow. i can say that we are committed to the international framework of ensuring stable monetary relations. we want to work for a stable monetary system in the world a

a native new zealander tom was at home anywhere in the world most recently in cypress. he leaves behind his wife and two sons as well as countless friends and colleagues from his 28 year career here at nbc. tom was 62. >>> breaking news. east bay police on the scene of a possible shooting involving a police officer. we are live next. >> until mr. dorner has been identified as either deceased or he has handcuffs on him in jail, we are going to continue as though he's still out there. >> and the overnight search for answers. what we have learned about a charred body inside a cabin in big bear and if it is really christopher dorner. >> plus, former giants slugger barry bonds returns to court to try to clear his name. >> right now, a live look from the south bay. a spanning shot. this is where the sun comes up. see the orange? nice way to start your wednesday, february 13th. this is "today in the bay." >> announcer: from nbc bay area, this is "today in the bay." >> good morning, everybody. it is 4:31. thank you very much for joining us. i'm john kelly. >> i'm laura garcia-c

these used to be cypress trees. the flames shooting off these were 30 feet in the air. if you want an idea how hot it burned, all you have to do is look at the car that was parked next to it. they say it could have been worse it could have spread to the other trees and homes around here. it certainly scared a lot of people. we talked to one man who called 911 and grabbed his camera. he's trying to get his family, grandmother, baby out of the house when he saw the flames. he took his camera outside and showed us what it looked like. certainly shocked by what he saw. it's smoky. there is smokes come into the building. firefighters got on scene a little after 2:00 this morning. they say there were embers getting everywhere. they were certainly concerned about it spreads. they were able to stop it. we talked about salvador about what he saw. >> we were sitting inside and i heard a loud cracking and came outside and the whole street was it will up. >> reporter: what did you think? >> i was surprised. i told my mom to grab the baby and grandmother and we went outside. >> repo

. >>> a little bit of news out of germany with regard to cypress. a german lawmaker talking to dow jones says the size of the cypress bailout is negligible but nevertheless saying they should involve cypress bank shareholders in that bailout. not a huge reaction to these comments, but we have seen the euro give up some grounds with initially shooting higher on the ifo survey out of germany. perhaps some concern about the precedent this would set for our bailouts and other european countries. could be knocking some of the wind out of its sails. >>> moving on, uk policy dud david miles says england is on the wrong path to balance its economy. he's voted to increase the size of the bank of england's bond buying program every month since november. he also said annual inflation is likely to rise in the near term. >>> and a growing debate surrounding britain's future in the european union, no evidence suggests the uk is increasingly looking across the pond to conduct business. 50% said they are most likely to buy goods and services from, yes, the united s

a fire spread to a tall cypress tree, or trees in front of some apartments on nickel street. firefighters quickly put out the fire but power was knocked out to about 40 customers and at least two cars were damage. no one was hurt. investigators are calling this fire in oakland suspicious. >> palo alto police arrested a man suspected of exposing himself to a woman. officers arrested richard kelly mccloskey today. he exposed himself to a woman walking in the 500 block of everett court. they don't think he's responsible for a series of similar crimes in palo alto earlier this month. >> jerry brown's campaign to pass proposition 30 outspend the opposition 4 to 1. the tech hike initiative was funded by $54 million in campaign money. that calculates to about $7.65 for each yes vote. the campaign against spent just over $13 million. >> new at 6, the twin 4200-foot long double slide tunnels are done. and tom vacar spent the day in the tunnels so you can see where you will soon be driving. >> reporter: the project will come in under its budget, all of which came from federal funds. >>

cypress trees and rolling hills. a very well designed golf course. we've had a very successful presidents cup. the amount of spectators that it drawls, everyone from around the world -- seeing the course on television and the quality of work -- it is very impressive to me that we can do that on the public level. i have an extremely dedicated crew that worked with me. there's not a moment that i'm not proud of everything i see out there and all the hard work. i am very honored to receive an award. i feel very fortunate to have people that will go above and beyond. it is due to their hard work and their efforts that they put on ain on a day-to-day basis. [applause] >> hi, everybody. i'm the general manager of san francisco's recreation and park department. it's my incredible pleasure and honor to introduce you are mfac award winner, steve, ste castil. >> i would like to thank spur and mfac. thank you for this honor. being selected to receive such a prestigious award is such a great honor, but i think even greater considering all the top candidates. whe

. >>> nicu easily won the runoff vote in cypress. anastasiades won about 45% of the vote compared to stavros malias. the front-runner has problems with a swiss negotiation bailout deal for cypress which some have suggested could be reached by the end of march. >> keep your eyes on that. meanwhile, we're just over an hour and 17 minutes into trade here in europe. meanwhile, decliners hit around 5 to 4 on the dow jones stoxx 600. it follows mixed end of the week last week on the u.s. markets. we're not going to get any trade from them today, of course, because of presidents' day. so volumes are likely to be fairly steady and low here for european equities. it's worth pointing out the s&p they're having seven straight weeks of gains in the first seven weeks of the year. the last time that happened was 1967. and funny, just how long ago that was. the xetra dax was up 9 points. ibex is down about 1%. the cac 40 down about 0.3%. natixis is up 20% after laying out restructuring plans. there we go. up 18 poin% at the moment. and telephenomen

also, the opposite direction of 80 made the list, from cypress street to university avenue in berkeley. and finally, in san francisco, east bound interstae 80 from 101 to treasure island made the list. this is the western approach to the bay bridge in the newsroom, charles clifford kron 4 news. thought >> pam: our team coverage continues now. with kron 4's justine waldman in san francisco. justine, you just spoke with local traffic officials about what is being done ease congestion. >> reporter: they are very aware that traffic can be terrible in the bay. but they want to avoid something like this. this backup of the interstate-80 towards the bay bridge this is exactly part of the problem. the metropolitan transportation commission has as planned in the works. let me show you with adding more express lanes. people that are willing to pay a told to drive a car pool lane. also, more metred lives if they want to pay another toll--that will allow for smoot the smaller the wrath and merging. and also, more traffic cameras. and more information on any traffic accidents. i asked the c h p why

bulgaria is report lee going to issue its report tomorrow, cypress in a week or two. we are no less concerned about what hezbollah can do here in our hemisphere. jenna: even the last two hours of our show we talked about different threats facing the country, the taliban in afghanistan, terrorists hiding in pakistan. north korea, now we are looking at hezbollah as well. where do you think hezbollah sits in the list of threats to the united states? >> well we do have lots of threats and we have to deal with them simultaneously. but the fact of the matter is that where hezbollah used to be further down the list, in terms of potential issues here at home it's now creeping up a little bit. we see local, state, federal law enforcement, u.s. intelligence community increasingly concerned about this threat, and people in the government have told me that on some days the number one, two or three thing that is being briefed to senior decision makers is not just al-qaida and its associated movements but increasingly iran, and help hez. jenna: some of the things that you've heard

there were at least three cypress trees shooting flames 30 feet in the air.it caused a lot of embers to drift over the building. some of the wood trim did start smoking. a coupling cars were damaged -- a couple cars were damaged. a dumpster caught on fire. you can hear him describing to us what he saw. >> reporter: we were sitting inside and i heard a lot of cracking and came outside and the whole street was it will up. >> reporter: what did you think? >> wow. surprised. i told my mom to grab the baby and my grandmother and came straight outside. >> reporter: so at that point, again the firefighters got here pretty quickly. they were able to put the fire out. i talked to a lieutenant that was out here said they were lucky this didn't get worse because it was really causing the huge clouds of smoke and embers to drift over the area. if we come back here live you can see the apartment building that is still without power. and then if we pan over here you can see this tree. when this power comes back on here. about 40 people in the dark. we just saw them come do

little companies that make smartphone components in 2009, the first half of 2010, skyworks solutions, cypressi. cirrus logic, the audio play. so name some of the biggest players of the period. these have the life cycle of a may fly. the trick is to lock in your profits when you have them so you don't get burned when interest wanes, and second, cut your losses when they become too large when a spec you thought would work out isn't panning out. you're not trying to find a stock you can buy and hold. we're not looking for buy and hold forever. we have something that shoots higher. as long as you're disciplined and ring the register, it doesn't matter if that stock comes down later. don't take that as a license to own the stocks of companies with bad or deteriorating fundamentals, though. that's just the essence of stupid speculation. here's the bottom line, you need to own something speculative. that's a key part of the diversification i outlined, something that will help you stave off boredom, potentially rack up huge gains to capture your fancy. lots of fantastic stocks start as speculations a

the latest victim is cypress. the banks held a lot of greek paper. they ran up the deficit there, and so they are the latest bailout case that we're going to see. but each country is different, and can that leads to what is -- and that leads to what is the same, and that's contagion. the europeans did not want to see that there was contagion at the time of greece. and no matter who you talk the to with a few, i think, exceptions, policymakers, they thought there'd be no contagion out of greece in 2010. well, we know there's been plenty of contagion. and the minister of finance of germany made a statement to a group of us in tokyo at the imf meetings there a couple of months ago. when he was asked what was the biggest mistake you've made so far in the european debt crisis, and he said we did not understand and did not accept the idea of contagion. and, boy, europe's paid for that, and so has the world. and remember, he is the most important finance minister in all of europe, bar none. because germany is the biggest economy. so i think contagion, unfor

cypress and he's a buyer.g. >> tonight on "mad" sounds like you had some time to develop some new themes. >> yes. and i think american electric power is in the cross hairs of the united states government. we had a new epa head. i really wonder -- you see norfolk southern going much higher and that's because they're exporting coal. but is this country about to do a major crackdown on fossil fuels? i'd like to know. i have to tell you, the president sure don't like them. >> as he made clear this weekend. >> yeah. >> jim, we'll see you tonight. >> thank you, carl. >>> when we come back, alan simpson and erskine bowles talk to us live. plus, getting ahead of dell tonight. how do you play it sthp and does the buyout price need to go higher? back in a minute. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of

europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. as for asian markets, mostly closed as the chinese new year took place over the weekend. it is the year of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >> the world is reacting to pope benedict's announcement that he will step down at the end of the month citing his advanced age. he's the first pope to resign in almost six centuries. >>> dell defends the buyout in an s.e.c. filing. they said the deal spearheaded by michael dell and private equity firm silver lake partners offers the best value for shareholders. three more of dell's largest investors are joinin

. >> filled with cypress trees and wild, the bayou is a lifeline for the area. >> the bayou's main jobous to keep these waters flowing. >> it can also be a lot of fun. >> i feel the need for speed. >> i no longer feel the need for speed. that could have been a depends moment. >> besides quick turns and open air, the bayou is also known for its beasts. >> there's gator looking at you guys right there. >> where? where. >> good day like today to spot them. always look in the sun because they're always looking to warm themselves up. >> these alligators will eat anything they can sink their teeth into. >> i never thoultd they would eat marshmallows. >> it's marsh. they eat marshmallows. >> as ernie promised, we hadn't seen anything yet. >> no, no, no. >> oh, you scared him. >> i scared him? >> is this the depends moment you talked about? >> you got it. >> we both managed to cop around to her. >> now what? >> at least for a little while. >> then you tap him on the head. >> ernie, ernie -- >> beyond the gators, we discovered just what it is they love about their bayous. they play an important

. >> got a cypress tree in the back. and a nice boat.ind in the bayou. >> and here's a little head. >> is there any theme you can't use? >> no. there's ris -- risque things. still all about encompassing the true meaning. you got one final day before lent. >> get it all out. >> what would help us blow it out is if we had a new orleans beat. spencer, can you give us a beat? how about you come over here. go ahead. he's got to get into his drum zone. you need help? he doesn't want everyone to see who he is. wait, let's get your top on here. >> come on man, take us home. >> huge bayou gras going on tonight. all right. let's do it. 5 until 11:00 in arlington. tickets are $10 to $30. coming up in our next hour, only just begun. we're going to talk more about the life size floats and mombo dancing. tuesday arlington style. back to you all in the studio. >> i like it a lot. holly, thank you so much. >> certainly looks bizarre with the stocking over the head. still ahead in our next half hour, the link between vitamin c supplements and kidney ston

if you're visiting orlando, the hyatt regency grand cypress charges $13 for guests to park their ownwin in venice beach. with $33-a-day valet parking. if you're wondering where all these fees come from, some travel experts tell us they believe hotels are taking a page from the airline industry. >> last year hotels made almost $2 billion in extra fees. while the airlines made almost $20 billion. so the hotels are starting to get smart and follow the airlines' leads. >> reporter: so get the facts on fees before you leave home. >> you can look at the message boards like tripadviser or -- i would go on google and type on what hotel you're going to and hotel fees. >> reporter: make sure you pay your deposit with a credit card, not a debit card. >> reporter: >> there's a fair credit billing act. you can get your money back if for some reason something goes wrong. if you pay by debit card, you'll never get your money back. kiss it good-bye. >> reporter: if you notice fees that you don't think are fair, make sure you dispute them before you check out. >> try and fight it. the worst they can

. >> want to start talking about europe, about cypress where he got back from. first the u.s. dollar, what's happening with the potential fiscal talks. how concerned are you, what does it moon for trading the currency? >> the u.s. dollar has weakened so far this year because of the overall market risk move that we have seen. positive of surprises in the u.s. at the global level. and looking forward, we were bullish on the u.s. dollar because we see a market correction as the u.s. tightens fiscal policy substantially this year. >> how severe of a correction might that -- >> we believe for the rest of the year the euro/dollar will be closer to 1.30 or below, 1.35. >> really? >> also last week we believe in the way there's a ceiling on the strength of the euro warning that a fefbent strengthening -- fervent strengthing will affect inflation in the eurozone and projections are well below the 2% target. >> that's a fascinating point. we're going leave it here for now. plenty of news to get to. i want to pick up on that point especially about the euro in a second. you're see being a

private sector deposits in cypress banks down over 2% to 47.4 billion euros in january as well. loans to households up 8 billion in the month of january. i think there's data in italy which i can't see at the moment, as well, from the ecb. here we go -- yeah, italian banks also buying 18.5 billion of government bonds in january, as well. right. but the focus is going to be on that auction piece. interest rate strategist at corporate and investment bank, peter, good to see you. >> good morning, ross. >> what's going to happen in this auction then? >> well, i think what we're going to see is some of the recent panic in the market is going to subside. and we're likely to see some relatively solid bidding. so i think you're going to see a yield on that ten year -- i noticed that this new bond should be trading around that psychological 5% yield level. i think some decent demand there could materialize, albeit it's more likely to be from domestic sources. i think that's the picture here. we're likely to see a more risk-averse positioning from the international investor base. but we'r

police have been interviewing the bus driver who apparently did not see those low clearance warning cypress is turning heads this morning. his idea is to tax non-residents on their income from stocks and bonds if they spend at least 60 days in minnesota a year. the state revenue department won't say how many snow birds the new tax would hit, but it predicts the tax would raise some $30 million over two years. those are your headlines. >> hey, anna. last night in new orleans apparently they had kind of the academy awards of football. they gave out a bunch of awards. >> they did indeed. we're just hours away from super bowl xlvii when the 9ers take on the ravens. the stars came out last night, and the hall of fame induction ceremony. >> yeah. our very own brin brine brian s live from new orleans. how did we do with the accent. >> reporter: very impressive. first of all, we've got to talk about they're doing something. they use to come out in a press release. player of the year, the mvp of the year. they said let's make this an award show and they did last night. we were there at the red car a