both the dow jones and s & p hit the highest level since the end of the financial crisis. the nasdaq also ended the day up. >>> governor brown told workers to stop taking work related trips. the governor says travel deemed essential such as trips audit and collecting revenue will have to be reviewed and then approved. >>> today's orders is just the latest on a cash trimming effort by the governor. brown previously imposed a hiring freeze and cut back state issued cell phones and vehicles. >>> the state controller today published the latest report in the tiny city of bell in southern california. today's data comes from 533 special districts in california. it covers $357 million in payroll. 84% of all special districts filed their payroll reports but 16% did not and face a $5,000 fine as a result. you could find out just how much these state employees make on our website at ktvu.com just click on web links. >>> we should find out in about 30 days if a petition to ban circumcision in san francisco will be on the november ballot. san francisco resident lloyd shofeld he wants t

dow closed at three year highs just as the s. and p. downgraded the outlook for u.s. debt well most of the volume on the exchange the s. and p. five hundred the dow jones as we've talked about on this show is driven by robots. by high frequency trading thoughts courtesy of folks like goldman sachs we talked about it on the show goldman sachs says servers parked next to the exchange they put in millions of trades every single day they steal hundred million dollars on average per day and this is keeping the prices artificially high like wile e. coyote shortly before he plummets down into the canyon in his quest to capture the road runner in this case the road runner is being eaten by china and america is plummeting to its death into the canyon of a never never land and then here is another headline see headline after headline after headline of people recognizing that america and the american dollar and people who have faith in it still are it members of a cult over the past few years mainstream analysts have shown a tenacious blind faith in the u.s. economy and the dollar that goes far beyond religion to the point of mindless cultism and this is from max

the dow jones fell 26 percent . nasdaq gained a little and slost some ground. >> as the counseled count -- countdown to the royal wedding. royal swag is in high demand. british-american imports sold out of the collectible mug plates featuring prince william and kate middleton. >> most of the people who want these pieces and not necessarily the english but probably americans. americans seem to have taken to this wedding with a lot of gusto. >>> and alexander said he has a long wedding list for the wedding collectibles and hoping to get a few more pieces in. >>> and abc news will bring you the wedding live from 1:00 a.m. to seno'clocka.m.. >> whys order that could end the lock out and put players on the field. >> a plan to put san francisco's garbage on a trash train. >> tell raise environmental questions as well. >> michael fenny from conservation types on how to save water and prevent >> and start the half our with garage- garbage. san francisco's trash may take a train trip. some say the rail plan will save millions and help the environment .

the dow jones down 140 points. nasdaq and s&p 500 losing a bit as well. right now it looks like a slightly higher opening though. and one thing that could direct the market goldman sax earnings could indicate how the financial sector's doing. that comes out later this morning. >>> all right. 5:21. investigations being lost to a chili's restaurant in chicago. what a mother says her 4-year- old daughter was served instead of her chocolate shake. >>> plus countdown to the royal wedding is on. the extra steps being taken to make sure the big day is secure. >>> good morning. highway 4 headed to concord looks pretty good. we already have some slow traffic out there though. we'll let you know more about that and look at weather. >>> good morning to you. waking up with gray skies around the region. light winds. temperatures sitting in the widespread well mid to upper 50s eastbound. >>> welcome back. time now 5:24. an investigation has begun in chicago. a family claimed that a 4-year- old girl was allegedly served alcohol at a chili's restaurant. reportedly the ch

and require a tightening of credit. stock prices were doing okay until that news came out. the dow jones closed off by six points. the nasdaq managed a gain and s p 500 dropped just a fraction. a judge overturned a $625 million jury award against apple. one of the largest verdicts of its kind, reversing a patent verdict involving the computers, iphones and i pods. san francisco based diamond foods struck a deal today with proctor and gamble to buy the pringles potato chip brand. >> how you can ask the president a question this month. >> and art of baseball. a bay area exhibition that is as much a tradition as opening day. stay with us. okay, there we are... um, these days we're all trying to save money, that's why i'm shooting this commercial myself, at home. it's really easy and i can pass the savings onto you. okay, ready for the food part? check it out. my warm and flaky croissant sandwiches. supreme or sausage. both made with fresh egg and melting cheese. you get 2 for just 3 bucks okay, i'm back, whoa- oh, i am so ready for this recession to be over. ♪ going to the bank without going to the bank... that's a step forward. with chase quickde

and consider carefully before investing. >>> i'm amanda drury. stocks soared to a higher close with the dow jones industrials climbing 57 points, s&p 500 up by 6 andhe nasdaq adding 8. 216,000 jobs added in march, the unemployment rate falling to 8.8%. well, that's good news, right? well, traders are worried the fed may be considering an early withdrawal of stimulus and interest rate hike. most automakers finished higher, gm sales rose 11%, ford with a 19% jump and toyota sales fell almost 6%. nasdaq and intercontinual exchange for a bid at 19% premium over the deutsche bid and coca-cola and pepsico boiled higher. pepsi with a mid-calorie version of pepsi next. now it is back over to you at "hardball." >>> welcome back to "hardball." all right. the florida pastor we probably gave all too much attention with the firestorm last year worldwide vowing to burn a copy of the koran on the anniversary of the 9/11 followed through with the threat. terry jones and his so-called church set fire to the koran in a crazy stunt about two weeks ago. we're not going to show it. just as president obama and general petraeus warned then that lives could be lost, gues

s and 72 inland. will continue into wednesday, thursday, partly cloudy conditions. 74 inland on wednesday. upper 60s, low 70's on the bay. low 60s on the coast. >>catherine: the dow jonesthe nasdaq. another difficult day, rob. >> rob: the earnings, the earnings, the earnings. starting with apple. >>catherine: it just keeps going. >> rob: it would be nice if there are jobs, jobs, jobs. however, american express, honeywell, two. , ge, travelers, verizon, united continental, black rock, all with better than expected earnings. with health care, industrial, it is food, airlines. >>catherine: it is against the answer is obvious that the economy is rebounding. >> rob: remember a couple of weeks ago when i said about the inflation? with margin compression. mcdonald's is sang at the food cost is starting to creep up. airline is sang the the energy cost is also try to get up higher. airlines are sang-- >>pam you want to be selective and to not jumble everything and. i am all in! with a 20- 30 years to invest. however, with manufacturing the first-time unemployment claims are still above four and a thousand. not significantly above- 400,000-- >>catherine: with everything still lo

and the numbers fell below analyst projections. google stock fell on concern that a hiring spree would cut in profits. dow jones managed a 14 point gain despite unemployment claims. google held back the nasdaq and sarely moved. >> the bay area realtors have the best months of march in four years last months and largely because prices have fallen 5.3 percent from a year ago. >> coming up, a new rehab tool for stroke victims. 3 d technology to help you get >> a new technology is helping elderly patients regain balance and flexibility. they work out with their virtual self. here we go. get ready. at age 74, bill huges doesn't play basketball but her avattar does. beal is rehabing from cancer in costa county . strengthening her balance with a interactive exercise system. >> it feels believe it or not like fun. >> beal moves the infra-red camera is capturing her body in 3 d and her movements are related to avattar, the character playing the game on the creen. when she bend and twists. her avattar does the same. >> that is okay, you got it, good. >> i am a little tired but happily so. >> bernie is an optional therapist with the company that developed the system . enchanges their upper and lower body fa

the dow jones up about 30 points. the nasdaq and s&p 500 also up about the same percentage-wise. >>> delta airlines is leading the latest attempt to raise air fares. delta added $10 per round trip to most of its u.s. routes and is watching to see if other carriers follow its lead. this is the eleventh time this year the airline haves announced fare hikes. but the last four have failed. now airlines say they need higher fares to cover rising costs of jet fuel which has gone up 49% since last year at this time. >>> wow. time now 6:52. an armed hold up right outside of a bank in danville. this is the photo we want to show you. police are hoping this will lead to an arrest. >>> and the vallejo school district could soon cut 150 jobs. but it won't be teachers. who's being targeted this time around. >>> good morning. westbound 24 looks pretty good so far driving up to the tunnel there are some areas that are getting busier now that the commute is going on. we'll let you know more straight ahead. go! go! completing an atm deposit in record t

and poors warned it may lower the rating on the government debt. dow jones average took a plunge of more than 200 points when the warning issued and closed with 140 point loss on the day. sdebt rating at triple a. that's the highest possible but lowered the long-term outlook to negative. said the rating could slip further if no plan to shave the debt in the next two years. white house down played the warning and expressed confidence it would work out something with congress to reduce the debt. >> history shows that both sides can come together and get things done. president reagan did that with tip o'neal democratic speaker of the house and president clinton did it with republican speaker of the house gingrich. president obama did it 10 days ago with john boehner republican speaker of the house. we can do it again. >>reporter: now the national debt spans at 14 trillion dollars at this moment. president and republicans have proposed trimming it by 4 to 6 trillion over the next 10 to 12 years. >> unusual graduation ceremony today in the east bay no. cap or gown. just power tools and solar panels. laura reports from pleasant hill on the unique job training program for veter

and at&t delivered. now, i just need to curb the shoe shopping. ♪ >> watching wall street, the dow jones is up 32 points. the nasdaq has been down. the snally here. verizon, and on sale at the apple stores. it was supposed to be available during the plaque cells however, it was not available. finally, the white is available however, the next generation of the iphone 5. in june. >> the oakland raiders are going to decline in the overstock stadium. they have been teaming up with c a a to sell the naming rights. $937 million stadium. 68,000 seating will be right next to great america and open in 2014. we will be back in just a few minutes. if we want to take a live look at oakland. dewater. they live look. we will have a live look of the pickup truck getting pulled out of the water. hey marcel, watch this! hey marcel, watch this! [ buzzer sounds ] [ cheers and applause ] ♪ hey marcel, watch this! yeah, marcel! -marcel! -hey marcel! are you listening to me? marcel! [ male announcer ] only at&t u-verse lets you follow your favorite channels on one screen. just $29 a month for the first six months -- dvr included. in the network there are no

and have yet to pass the full budget. >> mark: wall street, dow jones is continuing gains on this monday. at 22. , nasdaq up to sction. stocks are struggling. we will be right back with the kron 4 morning news, weather and traffic in just a few moments. >> louisa: >> darya: >> mark: >> darya: welcome back to the kron 4 news. we're live at the airports taking a look at the effects of the airport having to investigate cracks. r. craig sklar has been there all morning long, he you haven't seen much of an effect. will transfer of the greatest number of flights impacted what is going on here now? >> reporter: people in coming in, they don't have to much to worry about. i will show you pictures of the big board, that cancellation was red last figures, tampa, chicago. that doesn't mean you'll face a challenge, one passenger said she was going to go to phoenix to get from but the flight to phoenix is fine, after that there was a cancellation waiting for her in the southwest. >> they're not giving enough information rain now. -- right now. i would imagine it's due to an inspection, which i'm happy, but, of an emergency t

dow jones down one and three-quarters percent down 270 sorry to under 16.3 now. outlook for the nation's long- term debt monday, even as it reaffirmed the agency's top-tier rating for the u.s. economy. s.s. sovereign debt. but the ratings agency lowered its outlook for america's long-term credit rating to "negative" from "stable," based on the uncertain political debate around the nation's fiscal problems. hollywood news we are following new details after nicolas cage was arrested on domestic battery charges. it shows him having tense words with his wife at a tattoo shop. cage said he didn't know where he lived. that's what they're arguing over just half before he was taken into custody dog the bounty hunter posted bond. nicolas cage was wandering the streets saying this was not our house. arguing about what house was his. >> reporter: charlie sheen's x checks into rehab. she refused a drug test on friday and shoes required to take it as a part of custody. they're going to cost to the court tuesday and we're being told that brooks' move is a pre-emptive strike. rio $40,000,000 hop $11,167,000 . >> mark: we will be right back as the news continues until 11:00 a.m.. our roof cameron san

dow jones newswire. this is a discretionary spending and this is mandatory. let's talk about the tesco commission recommended for discretionary spending cuts -- what the sysco commission recommended. what about capping? guest: we learned from the 1990'sn particular that multi- year caps on discretionary spending, keeping that within boundaries is the first thing that we need to do. what we proposed on the commission was to keep the 2012 budgeted spending no greater than 2011. 2013, we go back to 2008 and we address that number which is pre-crisis for inflation and that is the number for 2014. thereafter, and of the allocation for discretionary spending does not grow more than 0.5% of deflation rate between then and 2020. that is the simplified explanation, which is complicated enough. one of the first things we did was to say that we understand how this works and we need to reinstate the multi-year caps that work force in the 1990's and it balance the budget. host: former congressman john spratt is our guest. good morning. caller: good morning. the first bush tax cuts did not create jobs. and allowed the corporations to pocket their tax cuts and make one worker do the job of two. corporations and republicans have succeeded in having