the first at the home of lisa and doug goldman. >> i am curious to when he will do a policy event. >> reporter: he says president obama doesn't have to talk policy in california, because he is expected to win the state by a wide margin. >> he hasn't done many policy events in california. he raises money and splits. >> reporter: both the president and mitt romney have landed big name donors in the bay area. wayne jordan $100,000 to the obama campaign. meg whitman $100,000 for mitt romney. map light says the concern isn't just the amount of dollars, but what the money is buying. >> we have a system where the president have to kneel before the check books of rich people to get elected. >> reporter: tonight the president will attend a rally at the redwood city's fox theatre. we have also learned a campaign round table has been relocated to san jose. we will be here when the president touches down and bring it to you live. eric rasmussen, ktvu channel 2 news. >>> the fall out from facebook's ipo, the flurry of legal action tonight against the biggest stock debut in history. >> it is windy

his first appearance is at the home of lisa and doug goldman. after that he will speak at the redwood city's fox theatre. and thursday he will be in palo alto. >>> a lettuce grower is expanding its recall of bagged salads. they are recalling bagged salads nationwide after they detected listeria. initially it only effected california and colorado. river ranch and fresh and easy. no illnesses have been reported. >>> the san francisco restaurant, the oldest italian eatery in the country is closing tonight. they have been around for 126 years. the owner says the tough economy is forcing them to close up shop, they would like to reopen in the future, though. >>> the summer driving season is considered the deadliest time of year for teen drivers. today the commissioner urged teens to check out a new online program by teaching them crash avoidance techniques. >> if you suspect someone is drinking, get out of the car and talk to someone, make sure the driver isn't allowed to drive home drunk. >> authorities say 40% of teens will end up in a police repor

the first event is a fundraising dinner at lisa and doug goldman's home.ere off to redwood city's fox theatre and thursday morning at the garden court hotel, 8:00 a.m., campaign round table with supporters. almost 36,000 a person to get into that event as well. kron was at the redwood city's fox theatre today. check it out. we found people stopping by to eget their tickets -- to get their tickets. some selling for 250 bucks. the mayor says this is the first time a president will visit redwood city. >> i am so excited. i haven't seen him this up close and personal. >> reporter: streets surrounding the redwood city's fox theatre will be blocked off on wednesday at 3:00 p.m. grant lodes, kron 4 news. >>> because of budget cuts the poorest college students will lose some or all of their funding in july. pelgrants are being cuts. there are new requirements that will reduce grants. they now require a high school diploma. this will be cut. many 65,000 will lose grants and the new rules limit the grants to six years, that move eliminates funding for 63,000 student

he will attend a dinner at doug goldman. the guest list includes don cheadle and music legend, david crosby and gram nash. tickets are $36,000 a person. the maximum campaign donation allowed by law. the president will finish with a reception at the fox theater in redwood city. and another fund-raiser in palo alto on thursday morning before leaving town. you can stay with us for continuing coverage of the president's visit. it starts tomorrow morning. >>> when we come back, our coverage of sierra lamar continues. why the family of the suspect in custody say police have it all wrong. >> it's not me. it's someone pretending to be me. >>> you don't think of children being victims of identity theft. the investigative unit looks into a silent crime that can happen before your kids are born. >>> and san francisco may not be stopping with the warriors. more professional teams coming to the bay area. >>> in the weather center. a blustery bay area here for us. with temperatures in the 70s. also, winds near 50 miles per hour. we'll hav

obama will be speaking at a roundtable in palo alto and attend a dinner at the home of lisa and doug goldman. he is the son of levi strauss' heirs. this bay area swing, of course, expected to raise millions of dollars easily. reporting live in redwood city, christie smith, "today in the bay." >>> new poll for nbc news in "the wall street journal" shows race to the white house tighter than ever. president obama and mitt romney in a stay ttistical poll. >> reporter: president obama has a power-point lead among registered voters in "the wall street journal" poll. he holds a big lead among women, youth and hispanic voters. >> people like him personally but pes miss billion the economy as well as the nation's direction are weighing down on the president. >> reporter: he's tied with mitt romney on the economy, romney is winning men, white, suburbanites and people watching the race closely. today he speaks at a la teen owe summit in washington. insiders say romney needs to win 40% of the hispanic vote and is way behind. hispanic vote folkous the economy. >> jobs and it is going to be -- keeping the

lisa and doug goldman are part of a family descendents of levi strauss. they'll be hosting tech executives and venture capitolists tonight. and. >> i think you're going to see a lot of money from big employers going towards mitt romney this time around. because a lot of people were hopeful four years ago and voted and gave money to president ob yaum and haven't seen the change promised. >> pointing to the attack on mitt romney's record saying that is turning off wall street. a san francisco energy entrepreneur and supporter of the president. >> if the companies like apple and google and yelp that the president is rooting for all day, every day and there is a a difference between that and shutting down a steel mill in ind ind bruce cane says we'll probably see fewer pictures like this with the president dining with silicon valley megamillionaire autos now he knows romney is the person he's going to be running against and wants to portray romney as a creature of corporate america and that part of the 1%. >> i don't think having photographs of yourself with

after touching down last night he went to the atherton home of doug goldman where he took in more than $38,000 per guest. after that fox theater in redwood city he spoke to more than 1,000 supporters who paid up to $7500 to see and hear him speak. >>> san francisco's suspended sheriff ross mirkarimi and his wife eliana lopez are firing back at city officials who are trying to remove him from office. they have both given interviews only to the abc7 news i-team. here's part two of dan noyes' report. >> when i met her in her hometown of venezuela saturday she told me leaving san francisco and the spotlight of the domestic violence scandal was like having a huge weight lifted off her shoulders. a lot of people think you are not coming back. >> i think san francisco has never been nice with me >> reporter: eliana struggled as a new mother, workaholic husband, ross mirkarimi who became sheriff this year. she longed for her hometown and the security of her family. the tensions bubbled over new year's eve, ross cut short a drive to get pizza, because of an argument. >> i grabbed her arm. i cau

he went to a dinner at the home of doug goldman.od city where he spoke to more than 1,000. let's an see how traffic is moving. >>> good morning trouble typically slow out of antioch now an accident westbound 4 at somersville blocking a lane. northbound 880 before marina accident there as well. very slow in san jose, 280 north earlier accident at race on the right shoulder that's the reason for bumper-to-bumper traffic. >> mike takes a look at your >>> beautiful picture of the golden gate bridge we will celebrate its birthday this weekend. winds gusty already 21 the santa rosa, 16 novato, 21 sustained sfo gusting to 25 at half moon bay. low to mid 60s fairfield, concord and antioch everybody else 50s a lot of sun windy chance of showers tomorrow and >>> look at that crowd in times square. not letting rain scare them away from fresno to say hi to josh. that's right. >> yeah. >> we were just talking, lara and i are on alert. if i walked outside i'd have -- >> i learned so much about hair care in that little bit. >> yeah. >> all right,

they only came within about 50-yards of his limo as it turned down toward the home of lisa and doug goldman. there ithey are the levi strauss heirs. the guests a mix of industry and tech giants. along with pandora founder and several top google execs. if you lived within a half mile from here and you weren't invited it was harder to get around the neighborhood. >> so far i found a number of blocked roads and it is kind of like a matrix work back to one road to get to another road to hope i get home. >> reporter: in this economy silicon valley is one of the few places where politicians are likely to fill up campaign coffers. it is likely we will see more of these visits from the president and other politicians before november. the president was expected to pick up a quick $3 million tonight. now, he is on to redwood city. >>> thanks very much. and the president is en route to redwood city. he will be speak at the fox theater there. we intend to bring that to you live when it happens so stay here with us. house speaker john boehner in the bay area in the hopes of picking up campaign cash. he

tonight at doug and lisa goldman's home, you may know the name. noted philanthropist and hosting about 60 people at their home. the cost to get in nearly $36,000 per person. we saw jean elle, a big crowd waiting in redwood city at the fox theater where president obama will arrive there at around 9:15 this evening. so the schedule is jam packed and then off to the fairmont hotel in san jose for a quick overnight stay. >> california has long been one of the key places for democratic candidates to come to fill their campaign coffers and the president has made california one of his top spots with some of the biggest super donors contributing to the campaign. employees of google, university of california employees, and also stanford university employees. but there are new twists now. more republicans are fund-raising in the region which has been really the cash cow for democrats but, again, as we've been mentioning, mitt romney is also going to be here attending a fund-raiser co-hosted by meg whitman and former governor pete wilson and private equity f

his night was filled with a high-priced dinner at the atherton home of doug goldman. 60 people payinglose to $36,000 for a plate. then he took to the stage inside redwood city's fox theater where he got a standing ovation, people chanting fired up and four more years. >> this didn't happen overnight and it's not going to be solved overnight. so we've got more work to do. we know that. and that's why this year's so important. >> reporter: well, a whole lot of handshaking and high fives after his speech that talked about unemployment, higher education, and innovation. supporters in redwood city paying $250 to $7,500 to get a seat in the audience there. well, today the president was supposed to have an event in palo alto, but that was changed because of logistical reasons. instead, it is a private breakfast here at the fairmont in san jose this morning. 20 supporters paying close to $36,000 to dine with the commander in chief. that gets underway at 8:30. again, he is scheduled to fly out of moffett field at 10:00 this morning. all in all, president obama is expected to raise about $3 mil

after touching down last night he went to the home of doug goldman where he took in more than $38,000 per guest. after that a bigger event at the fox theater in redwood city. he spoke to more than 1,000 who paid up to $7500 to see and hear him speak about the issues in his campaign. >> the president: i want women to control their own health care choices, just like i want my daughters to have the same opportunities as my son, we are not rolling back the clock. >> there were protesters outside. they say people should not have to pay so much to get to the president's ear and that he should do more to help seniors and the middle class. >>> driver in redwood city in custody on a decision ui charge after causing scary moments before the president got to the fox theater. there was a chase that resulted in the man's car crashing after he tried to evade police by going the wrong way on el camino real. the street was already shutdown as people were lining up to get a glimpse of the motorcade. the car went off the road and traveled south on the northbound lanes. officers with guns drawn arrested

he will be going to the home of doug and lessa goldman. a notable philanthropist and the heir of levi strauss. he will host a fund-raising dinner that costs almost $36,000 per person. the main event will take place here. a live look right now at the fox theater in downtown redwood city. outside of the theater where the president is expected to be greeted. you see a lot of people gathering around by supporters and protesters. mr. obama will speak at a sold out rally inside at approximately 9:25 tonight. there is one notable schedule change. tomorrow morning a fund-raising rally set for a hotel in palo alto is moved to san jose's fairmont hotel. the president will participate in a round table supporting the asian american community. this will be the first event since 2008. >> a tech giant announcing massive layoffs. scott budman is here with more on that. >> the news about as bad as we expected. 27,000 layoffs announced the biggest job cut in the 73-year history. they come as hp is weakened by the rise of smart phones and commuting. both cut

and speaking in redwood city, the president attended a fundraiser at the atherton home of doug and lisa goldman. the guests paid $36,000 a plate. silicon valley of monthers and shakers mixed with actors and musicians. in all of this the bay area is expected to raise about $3 million for the president's re-election. and president obama will spend the night in san jose tomorrow morning. he will meet with the asian american pacific islander at the faremont hotel. we will have continuing coverage on the bay area campaign on the abc morning news at 4:30. >> while the president was in redwood city, a strange and dangerous situation there. not far from where the president was speaking. alan wang is live with developing news. alan? >> dan, we are about half a mile away from the theater where the president was to appear. el camino real was closed down and people were lining the streets when police say a vehicle drove on to the road they tried to stop it, but the driver took off heading southbound in the northbound lane of el camino real. a collision course with the president's motorcade. witnesses say h

and speaking in redwood city, the president attended a fundraiser at the atherton home of doug and lisa goldman. the guests paid $36,000 a plate. silicon valley of monthers and shakers mixed with actors and musicians. in all of this the bay area is expected to raise about $3 million for the president's re-election. and president obama will spend the night in san jose tomorrow momomomorning. he will meet with the asian american pacific islander at the faremont hotel. we will have continuing coverage on the bay area campaign on the abc morning news at 4:30. >> while the president was in redwood city, a strange and dangerous situation there. not far from where the president was speaking. alan wang is live with developing news. alan? >> dan, we are about half a mile away from the theater where the president was to appear. el camino real was closed down and people were lining the streets when police say a vehicle drove on to the road they tried to stop it, but the driver took off heading southbound in thehe northbobound lane of el camino real. a collision course with the president's motorcade. witne

and speaking in redwood city, the atherton attended a home of doug and lisa goldman.36,000 a plate. silicon valley of monthers and shakers mixed with actors and musicians. in all of this the bay area is expected to raise about $3 million for the president's re-election. and president obama will spend the night in san jose tomorrow morning. he will meet with the asian american pacific islander at the faremont hotel. we will have continuing coverage on the b ea campaign on the abc morning news at 4:30. >> while the president was in redwood city, a strange and dangerous situation there. not far from where the president was speaking. alan wang is live with developing news. alan? >> dan, we are about half a mile away from the theater where the president was to appear. el camino real was closed down and people were lining the streets when police say a vehicle drove on to the road they tried to stop it, but the driver took off heading southbound in the northbound lane of el camino real. a collision course with the president's motorcade. lluck a poll and then veered into the

. >> before red weed city, the president dined at a private event hosted by bay area's doug and lisa goldman. they are heir to the levi strauss fortune. we have more details and a number of a hissers were there including the senior vp of google and the founder of pandora. legendary musicians david crosby and graham nash. mr. obama singled them out. tickets were $36,000 per person and they were hawaiian themed and included a q&a with the president. we mentioned where the president will attend a breakfast fund-raiser and that is where he is staying tonight at the downtown san jose fairmont. the stop in san jose was a last minute change for the president nally scheduled for palo alto and moved earlier today for logistical reasons women invite you to stay with us at nbc bay area and n nbcbayarea.com for continuing coverage of the president's visit on air and online. >> she has been missing for two months and seven days amount of morgan hill man is in custody for her murder, but no sign of the missing 15-year-old. sierra lamar's family are hopeful they will find her alive despite another day of s

obama will attend a dinner at the philanthropist doug goldman.inish his evening wai ing with a receptio theater and a fundrai-raiser in palo alto thursday before leaving town. want to check the morning commute with mike. >> with the president heading up to redwood city the bay shore freeway my have accidents. the accident at tellured. 880, up there in san jose. we have a smoother drive along the penn peninsula up to the san mateo drive. the wind advisory returns. 880 north bast the coliseum, accident at high cleared but stall at oak street blocking right lane in downtown. >> for the latest traffic and news, check out nbc bay area on facebook. have a great morning. >>> 8:30 now on a wednesday morning. the 23rd of may, 2012. and look here. we've got some sun peeking through the clouds. as we look at our wonderful crowd gathered here in rockefeller plaza. and we're very glad to see them. they are a welcome sight. i'm ann curry alongside matt lauer, al roker and natalie morales. coming up we're going to take a look at some of the nation's best dishes

doug cote, thank you. david goldman, thank you. up next, the soap opera at yahoo comes to an end. this time, anyway. and then there is groupon surprises. all the latest headlines coming up. >>> and later, jpmorgan's $2 billion blunder puts the economy and obama's reelection in deeper trouble. you're going to hear from the president who just spoke about it. main street has flashbacks to 2008. that may not be justified, but that's what people are worried about. and my question is aren't banks still too big to fail? and shouldn't we take some action? i'm larry kudlow. we'll be right back. [ donovan ] i hit a wall. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team. mine was earned off vietnam in 1968. over the south pacific in 1943. i got

. >> i agree, doug and this is not a goldman sax public scrutiny for the next year and a half. this will be forgotten quickly. i am more worried about what's going on in in sales and trading. they were one of the prime brokers and they were fantastic. one of the top prime brokers. this business is if you talk to any of the brokers that come around to the by side, they electric like they are about to kill themselves. where do you expect to get excited for these guys? is it on the wealth management side where in the short-term it might be under pressure and that's the best out there? where do you get excited? >> you hit the nail on the head. we are not there yet, but the future of the company is gaining more access to fee-based revenue streams and both in the retail business and in the asset management business, obviously they are working towards acquiring the greater percentage of morgan stanley and smith barney joint venture, but that is probably the best outlook for the industry over the longer term. obviously rising interest rates would help that. in terms of the institutiona