so i think it's he really important spain goes for the bailout much sooner rather than later. >> don smith, icap, walking us through the results. don, thank you very much. corporate news thoet. sock general has posted an 86% slide in net profit in its third quarter, below analysts forecasts. but stefane caught up with their ceo and asked him what was behind the big drop in profits. >> just exaepgsle a item which is are related in particular to the valuation of our own debt. this stupid accounting thing which means when you have a credit which is improving, your cds is going down, you have to recognize negative revenues. but beside the two main highlights of the results is first of all an additional significant step towards the transcript formation of the group where this particular an increase in the ratio from 9.9 to 10.3%. the announcement of some disposals, in particular our greek subsidiary. and the end of a deleveraging of a cid business. i think these are elements key in the transformation. on top of that, we are also announcing a significant drop of our portfolio which is limited. s

what happened on this play with smith scrambling took a big hit to the helmet from the rams linebacker dont to the sideline in the second quarter sang his vision was blurry. he the eighth touchdown to michael crabtree before leaving the game. the loss angeles lakers have a new head coach. >> they fired head coach mike brown. they hired steve nash is old coach from phoenix. mike antoni. phil jackson wanted to much control. >> the lakers are 2-0 since firing mike brown including a big win against the golden state warriors. >> federal government offices are closed today because of the observance of veterans day. no post office no dmv no courthouses most schools and libraries are closed. muni and caltran are running on their regular schedules. if you have to work up the rows are looking good because of this. it is a chilly morning. that is a big story today we are following. let us take a peek as we go to the break at the golden gate bridge. a lot of sunshine but it is chilly. in santa rosa to the north of bus is 36 degrees with a high of 62 this afternoon. ♪ secondhand smoke affects everyone'

all the supplies and boats running off the island and smith island are coming ow of summers cove, until the city dock can be repaired. chrisfield, don harrison, abc2 news. >> if you would like to donate, they are collecting toiletries, bed len linens. lin anyone -- a gas rationing system is started, tj winnick tells us there is no end in sight. >> with gasoline difficult, ragging is spread to new york city, and long island. going on 11 days of a fuel shortage, drivers have a short fuse. >> impossible. there is no gas or you wait three hours. >> reporter: many running out before they reach the pump. last night a cop was there to keep peace, and helped a man push his car the final block. a new york man was charged with running down a police officer after he was told to move his car from a gas line because it was blocking traffic. more than 500,000 customers across the region are living without power. many also need gas to keep generators running in frigid temperatures. >> 90% is not a victory, the 10% who don't have power is a defeat, we will keep working and keep pushing the issue until that number is zero. 10 days after the killer s

smith: again, i'll be very brief. he takes over, of course, after the tragic passing of don payne who all of us loved, admired and respected. and i sat next to don for years on the foreign affairs committee. he was the chairman of africa. i chaired it and do so today, and we worked side by side on malaria and a whole host of very important issues relevant to health and well-being to the people of africa, global health and human rights. don, you have very big shoes to fill. i'm sure you'll do it, and it's a great pleasure -- don has been an activist on a number of issues, including embracing arms. he works very strongly on job creation in newark which has been very hard hit by the recession. so it's great to welcome, don. again, i look forward to serving with you in this congress and the next. i yield to my friend and colleague, frank pallone. mr. pallone: i want to thank my colleague for those remarks. very briefly, if i could say, as a senior member of the democrats, don jr. has excelled in his own right, as was mentioned, he's been a councilman in the city of newark for a while and county freeholders in essex county, new