it's impossible to be in dubai or korea or spain and understand the nuances of each culture.uests in the k i have about 20 on going negotiations going on. >> reporter: this man represents a franchisee in qatar, expected to be the first to open in january 2012. he says the bakery is the perfect fit for his region of the world. >> the qatari people and people in the middle east, new york is one of their favorite destinations. they come here quite often. the name magnolia bakery is familiar to everyone. >> reporter: not only do new yorkers come to magnolia bakery for the incredible desserts and cupcakes, but people from around the world, brazil, spain, italy, korea and even a couple from texas and montana. so "sex and the city" may have actually put this on the map, but the owner is making it a global brand. >> there are a lot of markets coming into wealth. when you come into wealth, the growing middle class, upper middle class, you get people trying to come into the luxury market, whether it's at her sid december benz. we're the ferrari of brakeries. >> reporter: abrams is sure

then he went to dubai and set up the dubai merck basically. he set up the oil trading world in dubai at the time. it's a crazy story that takes place all over the world. and dubai, very short trip for me there, in and out. you know, you guys like the hot weather. i don't know. but for me i'm a little weak. but it's a wild story. the whole world about oil. the kid i knew, he invited me to ring the bell. i went down there to ring the bell and looked out on the incredible sea of tough guys. pushing and throwing tickets at each other. there was one clerk at a small guy. he hired a bunch of people behind him, who's entire job was to hold him into the training floor. i was like this is cool. that's what made me write "rigged" we're also working on that as well. we'll see if that gets going. >> yes, ma'am? >> i just wanted to actually read something funny to you base the on the conversation about recreating dialogue. >> sure. >> this is tonight's program. >> oh yeah? mezrich poured over thousands of pages of court records, nasa documents and has inte

in dubai down more than 3%.rabia was actually up 0.01%, but that's actually after a drop of 5.5% in a previous session. john? >> now we're waiting for asian markets. what do we expect to go on there? and do we think we're going to see a little bit more calming? >> and you're right about that. the next we go to the asian markets, as you said. the nikkei opens at 8:00 here, and shanghai composite opens after that. some traders that i've been talking to say that's really going to be the real indicator of that reaction to the downgrade, because they actually say what you saw happened in the mid east markets was actually a bit of reaction to the 512-point drop last week in the dow. a lot of mideast markets were closed. so this was actually their first session where they could react to that 512-point drop. you remember that, john? and as far as the u.s. markets go, it's really anyone's guess at this point. you can't really know how they're going to react. but there are a couple of things that we do know. you know what

una cadena de acusaciones persiguen arte fugitivo que pasea como un turista por dubai. >> no es miembroen de 27 aÑos y la fiscalÍa habÍa falsificado papeles para sacar de un depÓsito del ministerio publicÓ el automÓvil que le habÍan decomisado porque no termina de pagarlo. 6Ñjfg!m/1m0+5du-bt >> fue y a la fuerza retirÓ el vehÍculo, a una persona a la que le estaba consignado el vehÍculo. >> despuÉs de varios dÍas de investigaciones, las autoridades ubicaron el vehÍculo pero sin neumÁticos me llames, dentro de un garageal lado de una mueblerÍa propiedad de la familia abu nabah, >> le falta una serie de piezas, el carro no aprendÍa, entonces se dan cuenta que le han sacado las computadoras al carro. >> pero esto no es el Único caso donde se cuestiona la habitaciÓn del joven. en 2009, el prÍncipe ñ3leñpse interesaron ferrari enzo, valorado en casi 2 millones $, que sacÓ de la aduana. 6Ñjfg!m/1m0+5du-bt l5)8a/;uit ñ/w >> ñ3leñppresuntamente 6Ñjfg!m/1m0+5du-bt l5)8a/;uit ñ/w falsificÓ documentaciÓn para lograr sacar el vehÍculo de aduana, como si se estuviera siendo la gestiÓn aduan

reporter: the doors to this jet were already locked preparing to take off from new york bound for dubai when the fbi stopped it and arrested the suspect in the botched car bombing of time square. 30-year-old fisal shizad who was attempting to flee. >> this was a terrorist plot aimed at murdering americans in one of the busiest places in the country. >> reporter: just as officials have admitted that shizad on saturday night drove a van to time square and parked it in front of the theater where the lion king was playing and planned to detonate it. court papers showed that the suv was packed with fertilizer, gasoline, fire work, propane and alarm clocks. shizad is being held on attempting to use a weapon of mass destruction. the fbi today searched his connecticut home. officials say shizad told them he acted alone but that he recently learned how to make bombs in his native pakistan. >> we always have to be vigilant because in the eyes of terrorists, new york is america. and they want to come back to kill us. >> as americans and as a nation we will not be terrorized. we will not cower in f

. >> guest: yeah, the most common ways to go to dubai and go to terminal two, which i called up a airlinehub of dubai international because it flies to north korea, pyongyang in somalia that all go to djibouti. and once they get to djibouti come you get on an 1870s soviet prop plane quite visibly adjuncts and ukrainians. they're very cantankerous. the engine part hasmonean fatcats on the other hand. so you know, i compare it to somalia and the soviet union. one said those solutions collapsed. i compared these ukrainians in the book to people who have been forgotten about and condemned for this neglected roof forever. but anyway, that's it. >> host: cemented that -- the last time you were were on the sideline of foreigners, not a lot of people to look like you. guess code none. it was shocking because i went over there expecting to meet a lot of journalists. this is right after the series started and captured, the oil tanker carrying 100 million crude oil designated the newspaper headlines. >> host: the first trip i made was for six weeks. during that time -- beginning at 2009 i thought du

going over 8-foot and you come right back here and then there are all of these properties that line dubaioad. what you are looking at right now is the dune deck hotel. couple people on one of the upper floors checking the windows. they are getting everybody out here. it's the same right along this road, shep. all the residents pretty much are going. we spoke to a couple who have not been boarding up. a friend of ours, steven lives out on this road. we were with him this morning. is he not boarding up his property. is he one of those who says we choose to live on the edge. we choose though live where mother nature can hit us. if it hits us. if it destroys his home, he said, so be it on another guy who we spoke to. he has a house, no insurance on it he was about to sell it he was about to sell it a couple weeks ago. changed his mind. now is he ordered there. ordered in 500 sandbags. he sent his wife off of this strip of land. she a diabetic but is he staying. he is going to fight the water and get his pumps going as best they can. if they get a. >> shepard: kuhn is higher dunes are newer. t

dubai fell more than 3%. saudi arabia actually rose about 0.1%, but that's actually after it fell in the previous session about 5.5%. joe? >> how long in terms of hours do you expect to start hearing from the asian markets? >> asian markets begin trading at 8:00. they're up next. actually, futures markets, the futures for u.s. stocks opened about ten minutes ago. right now they're indicating a flat to positive open. so i'm talking about the dow, the s&p and the nasdaq. that's good news, because we are talking about how each of the these -- how each of these markets, how each of these indices feed off of each other. so this could be a good sign, at least in the short-term. but it doesn't necessarily indicate how thing will open. one of the good things to remember, though, joe is that investors here in the u.s. who are going to be trading on wall street, you know, they've had the weekend to really digest, really process this downgrade. so it's not really coming as a shock. it's also not coming as a shock becaus

stocks in israel, dubai, and saudi arabia dropped over the weekend. if the same happens in asia, that could rattle american investors tomorrow morning. >> the initial reaction in my judgment is going to be negative. what i think the s&p thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the united states, the psyche. >> reporter: s&p officials warned of a one in three chance of another downgrade next year, if america's fiscal position gets worse or political gridlock becomes more entrenched. so far, there's no sign that either republicans or democrats are turning down the heat. >> this is the tea party downgrade, because a minority of people in the house of representatives countered even the will of many republicans in the u.s. senate who were prepared to do a bigger deal. >> well, i agree that there is dysfunction in our system, and a lot of it has to do with the failure of president of the united states to lead. >> reporter: for many americans, the big question is when the economy will start g

room and back to which i call it the part by the airline hub of dubai because it flies to north korea and pyongyang and then flies to somalia but then it goes through djibouti and then once they get to djibouti in 1970's soviet prop plane flown by ukrainians and on the engine with sweeping vodka from the other hand and so this kind of stories to and i compared it to somalia and soviet union and the geopolitical of ties and once those relations collapsed icon parody's ukrainians in the book to people who had just been forgotten about and just condemned to this neglected or forever. >> host: the last plane he were on not a lot of foreigners, not a lot of people like to you. >> guest: none. was shocking because i expected to meet a lot of foreign journalists and when it exploded and after the serious start captured the oil tanker carrying 100 million crude oil that amended the headlines so i expected to find a lot of journalists and the first trip, i made two trips, the first was from six weeks and during that time i saw -- >> host: in 2009 -- >> guest: the beginning of 2009 and during t

. >> guest: the most common way to get there is to go to dubai.and then go to terminal two witches, they call it the pariah airline hub of dubai. international. because it flies to north korea. and then there's flights to somalia that i'll go through djibouti. once they get to djibouti you get on the 1970s soviet prop plane, flown by like a drunken ukrainians. they are very cantankerous. their stories of them hitting engines with wrenches. i compared to somalia and the soviet union, one side very strong cubical thais and one side, once those relations collapse i compare these ukrainians in the book to people have just been forgotten about and are just condemned to ferry this neglected root for ever. but anyway, that's how you get your. >> host: so you ended up, the last time you were on, not a lot of foreigners. not a lot of people who look like you? >> guest: none. it was shocking because i went over there expecting to meet a lot of foreign journalist. this was right when the star exploded. it was after the series star had been captured, the oil

it the pariah airline hub of dubai international because it flies, you know, to north korea. it flies to pyongyang and then djibouti and then once you get on djibouti you get on a 1970s prop plane flown by quite visibly drunken ukrainians. they're very contanks are slamming with sledgehammers and. i compare these ukrainians in the book to people who had just been forgotten about and were just condemned to this neglected route forever. but anyway, that's how you get there. >> host: and you ended up -- the last plane you were on, not a lot of foreigners, certainly not a lot of people look like you. >> guest: none, yeah. it was shocking because i went over there expecting to meet a lot of foreign journalists. this is when the story really exploded. it was after -- it was after the oil tanker had been captured carrying 100 million in crude oil. that really ignited the newspaper headlines and i expected to find a lot of journalists. i made two troops. the first trip was for six weeks and during that time, i saw -- >> host: 2009. >> guest: beginning of 2009. and i saw during that e

the financial had you been of dubai, a benchmark index is down nearly 4%.ere in the u.s., the dow -- j. dow shows us that the decision that could cost americans even more in the form of interest rates going up. here is the package. >> standard & poor's is standing by its decision to downgrade the u.s. credit rating. america went from a aaa to a aa plus rating, which means s & p considers the u.s. a riskier investment. last week the agency warned it was watching the u.s. economy, and is says it decided to issue the downgrade on the heels of the contentious debate surrounding the raising of the debt ceiling. >> this agreement in our estimation, falls short -- >> reporter: congress and president barack obama agreed to more than $2 trillion in deficit cuts over a 10 year period. standard & poor's wanted 4 trillion in cuts and more revenue. >> we're not at all confident that congress is ready to go beyond what they agreed to this week. >> reporter: white house sources tell cbs news the administration disagrees with the agency's decision, saying it was hasty and

that title currently resides in the same region of the world in dubai but this one will go higher. the kick is they hired a chicago architectural firm from the city that gave us sears tower. the nation that gave us the empire state building. in a few years and $1.2 billion down the road, american design will be the tallest building in the world but it won't be anywhere near america. >>> here in new york tonight, the city of concrete canyons is abuzz over a peacock that escaped from the central park zoo this afternoon, perched on a window sill at a swank fifth avenue apartment building and yes, that's our logo. we'll get to that in a moment. a crowd has gathered below the perch and zoo officials are urging everybody to leave the bird alone and hoping somehow he'll get back to the bronx on his own. this being 2011, of course, the peacock already has a twitter feed including a request to get in touch here with us at nbc and this alleged complaint from the bird, quote, they've been using my image without permission for too long now. mr. peacock we've had our fun just get down from ther

flight arrived from dubai with 31 tons of emergency supplies yesterday. two more aid flights will arrive thursday. another next week. the wife of vice president joe biden is trying to draw international attention to the famine. jill biden is visiting a refugee camp in kenya, where somali refugees are fleeing to. biden says americans have to do more to ease suffering. >> children are dying along the way. the mothers are bringing their children from somalia, walking sometimes 15, 20, 25 days. they lose their children along the way. the children die. >> the united nations estimates more than 12 million people in the horn of africa are in need of immediate food aid. more than 29,000 children under the age of five have died in the last 90 days in southern somalia. >> dna evidence fail to link new suspect to d.b. cooper hijacking case. a man calling himself d.b. cooper parachuted out of the airline in 1991 and just collected $200,000 ransom in exchange for not blowing up the jet. but the necktie he left behind does not match the d.n.a. of the latest suspect. th

touchpad with webos. [ male announcer ] how could switchgrass in argentina, change engineering in dubai and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> let's head to the weather center. still extremely hot in the middle part of the country. i'm sorry. we are not going there yet and i apologize. >> why not? i want to talk about weather. tropical storm emily is coming in. there is lots of heat in the midwest. dallas, oklahoma city like triple digits. you know what? dallas, 32nd day of triple digit temperatures. >> we're going to rob marciano now. >> rob, tell us about a snake on a windshield because we just gave the weather report. how did i do? >> very well. as little sleep as you've gotten, i'm impressed to your listening comprehension throughout th

kizad is being built just down the road from the giant dubai port of jebel ali. does the uae really need two ports? >>sousa: i think that the manufacturing output of the region is going to justify the investment in the ports. i also think that while there are a number of ports that are popping up across the coast of the arabian gulf those ports are not necessarily competing with one another. for example the port that is coming to abu dhabi is not going to be competing with jebel ali, the existing port. the abu dhabi port is primarily aimed at servicing emal the emirates aluminium plant and other ancillary industries that are going to take hold in that area. >>reporter: there's also the issue of whether it is being built at the wrong time in the global economic cycle? >>gokkent: the share of economic activity for gcc economies and in general the middle east i think is rising within global economic activity. so we are projecting in the next five years in fact for the shares of mena economies to near double. >>reporter: abu dhabi is also investing heavily in trains,

see your lexus dealer. [ male announcer ] how could switchgrass in argentina, change engineering in dubai production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. sure, but let get a little information first. for toys, say two. toys ! the system can't process your response at this time. what ? please call back between 8 and 5 central standard time. he's in control. goodbye. even kids know it's wrong to give someone the run around. at ally bank you never have to deal with an endless automated system. you can talk to a real person 24/7. it's just the right thing to do. ♪ >> neil: all right. given the volatile markets and the very status market conditions we're getting indication of that from early read on the own market and trading tonigh

where it is six o'clock am four o'clock am in tripoli which is where we have breaking news this hour dubai based. t.v. says that the libyan capital is being pounded by missiles and mortars but reuters news agency also says a program offered forces are shelling the town of. west of the capital this comes after the regimes a spokesman. threatened the battle for libya will turn the country into volcanoes lava and fire rebel forces are now occupying colonel gadhafi tripoli compound following a day of fierce fighting and claimed to be in control of most of the city the whereabouts of the leader and his family are still unknown in the recent national radio address though the market off the plane is that withdrawal from. stronghold was a tactical move several rebel groups have gathered in the tripoli's central square to celebrate their advance. and for some insight into the libya conflict don de bar an anti-war activist and journalist who joins us live from the u.s. now thank you for being with us and very interesting times as we've heard khadafi claims that leaving his compound compound was part

authoritarian regimes in the name of security interests or economic interests then you wouldn't be in dubai you would be in washington and on the parties ok well to say that well that seems to be the ultimate safe haven for well. probably other dictators going there as well bruce if i can go to you i mean you can you have a dual policy like that i think in theory it sounds very nice but if you look at weeki leaks and you look at these other sources of information i mean the united states was going to be just stay with the people you know if they stay with the devil you know what kay and that's exactly what they did with tunisia and then they turn around and their entire democracy project blows up on them in lebanon though it's again against the will of the people there clearly i don't care what people think about hezbollah it is a popular. political party in the country it's up for the people to decide and not again hillary clinton dictating what kind of democracy should people should have because everything the united states has done in that region last forty years is just create extremism

pressure's off. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminumion in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. of these abandoned racetracks in america today. automotive performance is gone. and all we have left are fallen leaves and broken dreams and -- oh. wait a second. that is a dodge durango. looks like american performance is doing just fine. ♪ carry on. ♪ >>> we're back with a new tactic in law enforcement that sounds like it's straight out of a sci-fi flick, predicting where and when a crime might be committed. might remind you of the plot from the tom cruise thriller "minority report." but in one california city, it's real life. we get our report tonight from nbc's peter alexander. >>

. >> and the field stuff is as opposed to the green scceen stuff where you appearrin dubai or in washingtonbut you're just basically off camera. >> right. >> the field stuff is what happens is, a producer, a field producer and myself will go travel somewhere and, and sometimes to multiple cities and have multiple interviews. so usually whenever we do a field piece we usually try to do it, go out one eek and then the following week have it cut and ready for air. >> andd and then air. the -- you actually answeredú two questions for me in your first answer, which is. >> oh great then we're done. >> we're done yeah. see. [audience laughter] &-letting you off that easy. you write for other correspondents. >> yes. >> you don't just write for yourself. >> mm-hmm. >> well, that's great. >> it's a very collaborative atmosphere. >> right. >> and that's, that's one of the great things about the show is that it's, it's collaborative because there's really no time to, i guess, get muddled in sort of the caste system ann the hierarchy. >> yeah. >> our enemy is the clock so we have to have a show that day

the dubai your copy of the iliad, you don't get a sense the soldiers died in vain. it does not take that position. she does not think the fact the somehow out undermining the hair was some. there was a time when the retable to honor and respect. for that sacrifice. the regimen for the country without but today that is very different. today you have to say but it would be very difficult unless they had to sign. >> and the blood you are steep din in makes those tasks tedious. >> that brings me to the final thing that his optimism. this is in the idea and a. making a joke earlier about the fact that since 2005 i had the most extraordinary secrets. but a new strategy delivered. the general of 2005 but 20006 but then to become a friend for the taliban prepare 2007. >> i will keep going. 2008, 2009. knee deep in that decisive year. 2010, the british foreign secretary said it is a decisive year. 2011 saying this is the decisive year. what is happening? somewhere, you can understand if you want the optimistic military. you don't the soldiers, who say we cannot do this. but

in fact, abu dhabi and markets are quite substantially up, both in dubai and abu dhabi. think one thing investors in the government and region are looking at is something we haven't gotten into to much in this program is the oil price. the oil price. that's something we'll look at. if you remember in previous crises, all prices have gone up sharply along with gold. today you've got gold going up and oil going down which i think is of a great worry to this region. >> okay. so let's unpack that a little bit. the middle east markets could be hit by a slumping oil price and essentially the end of the boon that we saw in some gulf states. >> well, i think certainly the high oil price has been the one redeeming factor of this global recession that we had for the past couple of years and certainly for this -- i'm talking obviously from the point of view from the middle east and exporters who have benefitted lately from the high oil price. now, if the one redeeming factor, the oil price were to slip away, that would certainly cause a lot of concern and potentially financial inst

. >> ambassador ali nayad meeting in dubai last night, two of nine members meeting as part of the stabilization committee. the meeting taking place in qatar today and last night in the uae, the stabilization committee started to outline the infrastructure buildout that will be necessary. going back to the experience in iraq, they don't want people to get frustrated in the period of transition in the first four to six months. >> so many lessons to have been learned from the transition of power in iraq. john, speaking of the allies here, who is behind this meeting? are they the countries that stand to benefit most from libya's reconstruction? >> it's fair to say those are a meeting in dohar are the one that is lent the support to libya from the beginning. i don't think it's an accident that the meeting is taking place in dohar. we know qatar was the first arab country to recognize the transitional government. it also put military planes into action. the uae has been key in terms of logistics in providing humanitarian support. they'll be at the table along with france, the uk, italy, not by accide

exxon and mobil. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. around the bend. some of these people who have seen in america, an america if you're gay or lesbian you're not demonized anymore. in which women are freed, as they ought to act and see people are free to be religious or not religious. that's a part of it, and for some reason it would seem to me -- i can't fully understand it, chris. the health care bill drove them wild. >> yeah. >> i do not understand it. there were inaccurate arguments at the health care bill. frankly, many thought was too weak. >> here what i don't get. why don't they want the average person to take

it pays to discover. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> back to "hardball." now for the sideshow. first up, the republican candidate mitt romney drew quite a bit of back lash when an audience member asked questions about cuts in social security. he veered off into the defense of corporations. let's listen. >> corporations are people, my friend. we can raise taxes -- of course they are. everything that corporations ultimately earn goes to people. where do you think it goes? [ laughter ] >> as he expected, equating massive corporations with human beings did not sit well. however, it's the democratic national committee t

recently, we have had a couple of cargo accidents, one in dubai and one off the coast of korea, not knowing the cause of those accidents by taking a good hard look at everything that could have happened. risk-based models and cargo security is key and need to know what is going on on the cargo and as well as the passenger and. >> we're making good progress. we need to move the risk assessment further and the information gathering as far up the supply chain as possible so you get the information earlier and get better information at the same time. >> there is also a need to rely on the partnership's and leverage the intelligence information you can glean from those partnerships. airports to do exercises to test and evaluate and learn from various scenarios, some of which have been mentioned today. these are done in coordination with the airlines, withtsa, local at the ilo law- enforcement. then it is applied to their security programs to make further enhancements. airports have done a number of things that are separate and apart from regulation to enhance security. this is in terms of the im

key elements of the conflict with india and pakistan which expresses his terrorism at the bombing in dubai and agencies support for the taliban and afghanistan. part of that is about pakistan using asymmetrical assets to counter india. that is a lot to do with the fact that india sits on the glaciers that are the headwaters of the river basin, from which pakistan gets 90% of the water and is water and is one of the driest countries in the world. as the glaciers melt more rapidly, india is building dams in the political wing of lashkar-e-taiba, which is now let terrorist organization, one of their slogans now is water flows or blood. sort of a related issue. >> hi, thank you for this book. it's excellent. good addition to what we need to hear. my question is, could you talk about the issue of fear versus education. what they mean by that is that we still don't have leadership that educating americans as to what we face into catastrophic climate change, tipping points and so on. we don't have leadership that says if we don't do this, you can maybe too late. americans in general are pretty co

dubai was down 3.7%, that of course has huge investments as indeed saudi arabia.be fooled by the saudi arabian number, it went down 5% on saturday's trade and could barely nudge on the sunday. that gives an example of how those markets which have huge dollar investments or dollar liabilities and credits have responded. so now we turn our attention to asia. and the asian markets. the times the asian markets open, they'll start in sydney and new zealand working their way through tokyo, shanghai and hong kong, japan opens at roughly 8:00 p.m. eastern. shanghai, 9:30 eastern. hong kong opens at 10:00 p.m. eastern time. we'll of course have our special coverage tonight and we'll be continuing to look at that joe, as to how those markets will perform. at the moment, those phone calls that you talked about are taking place, policy makers from the ecb, the g-7, g-20, tim geithner, everybody doing what they can to try to find some oil to pour on those troubled waters. >> what are the realities here? we've had a credit downgrade from one of three companies. the two others k

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flight arrived with dubai with 31 tons of emergency supply yesterday.o more aid flights will arrive thursday and another next week. >>> the wife of vice president joe biden is trying to draw international attention. jill biden is visiting refugee camp in kenya where the so mollia refew a -- somalia refugees are fleeing. >> children are dying along the ways. the mothers are bringing their children from somalia, walking sometimes 15, 20, 25 days and they lose their children along the way. children die. >> united nations estimates more than 12 million people in the horn of africa are in need of immediate food aid. more than 29,000 children under the age of five died in the last 90 days in southern somalia. >>> 5:56. just ahead on abc7 news at 6:00 -- new technology for one of the oldest forms of transportation. the new way to pay to ride the cable cars. >>> i am nick smith live in oakland. 3-year-old is shot and killed in broad daylight. the outside help the oakland p.d. are calling on to solve this crime. >>> in the headlines, oakland police are on tactic

the dubai benchmark index plunged more than 5% in early trading today before trimming its losses. this is an example of the uncertainty now linked to the future of interest rates and the stock market. but as "today in the bay's" kimberly tere reports, many experts say the impact of the s&p decision could be moderate because the other credit agencies didn't follow suit. >> reporter: as a bitter debate unfolded in washington over debt and potential default, standard & poor's warned they needed a $4 trillion deficit -- late friday s&p followed through lowering its credit rating one notch to aa plus. harsh reactions came quickly. china, a major creditor, said the u.s. must cure its, quote, addiction to debt. a visiting scholar at uc berkeley and a columnist for the "washington post." he said the u.s. will remain on top. if this had happened to any other country, he said the results would have been much more deaf stating. but in this case it's more a matter of the country's ego becoming bruised. >> we are becoming the laughing stock of the world because our politicians are fighting eac

exxon and mobil. [ male announcer ] how could switchgrass in argentina, change engineering in dubai,luminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where you want to be ♪ because your moment is now. let nothing stand in your way. learn more at keller.edu. >> sean: tonight we're monitoring a lot of late-breaking developments related to tomorrow's debt deal vote expected to take place at high noon in the $senate. we're hearing from both senate majority leader leader harry reid and minority leader mitch mcconnell that the measure will pats and that

and, of course, best hat. [ laughter ] >> apparently that's a dubai see sign she is wearing.er winners: >>> by the way, beyonce stole the night announcing that she and her husband jay-z are expecting a baby. the singer showed off the baby bump. there it is right there at the end of the performance last night. she took off her jacket, rubbed her belly and the audience cheered for the celebrity couple. she let the cat out of the bag on the red carpet on the way n jay-z is a happy man. good for them. >> she rocked it, too, apparently. >> lawrence could rock that square thing. the yellow square thing? >> what is that again? >> i don't know what that is. >> i'm not rocking much at all on a and morning. i'm just glad to be awake on a monday morning. fog in the bay area is thick as you as you make your way into parts of the north bay valleys, visibility down to a quarter mile in santa rosa. by the afternoon we'll have lots of sunshine come our way. temperatures going to be hot in spots up in the 90s inland. cooling off though on tuesday and wednesday with more low cloud and fog befo

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reports just moments away. [ male announcer ] how could switchgrass in argentina, change engineering in dubaiinum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses >> laura: factor follow up segment tonight, president obama is about to head off to a lavish vacation up in martha's vin vineyard beautiful place while americans are desperate for work. president obama has announced he is going to reveal his comprehensive jobs plan in september. tom vilsack the agriculture secretary gave a preview of the kind of policies we might expect. >> when you talk about the snap program or the food stamp program. you have to recognize that it's also an economic stimulus. >> laura: food stamps are an economic stimulus. you may remember that jobs is something that the president has been thinking abo

they think they can't. [ male announcer ] how could switchgrass in argentina, change engineering in dubaialuminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> we're keeping a very close watch on what's going on the floor right now. a senate vote is likely to happen tomorrow. many lawmakers have been facing enormous pressure to hold the line on tacks. let's go to congresswoman renee elmers of north carolina. congresswoman, thanks very much for coming in. >> thank you. good to be with you, wolf. >> i am in favor of this bill. this bill comes with spending cuts and no fax increases and the chance for a balanced budget amendment. it doesn't answer every question. i wish it were more cuts. we're going to be able to put this in

. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum productionn south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment informationon risks, fees and expenses to read and consider carefully before investing. >>> libya this morning is in the midst of historic transformation, but the strong man who ruled the country remains on the run. moammar gadhafi is still in libya but will not say where. gadhafi's now offering to negotiate with the rebels to form a transitional government. he's appointed his son to head up those talks but seeps like the rebels already proceeding with their own transition and moving to restore order and basic services to tripoli. how will this play out? joining me, george will, rajiv chandrasekaran. of "the washington post." robin wright. author of "rock the casbah: rage an

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flight arrived from dubai with 30 tons of emergency supplies. 2 more aid flights will arrive thursday and another next week. president obama today approved an additional 105 million dollars for relief efforts. >>> tightrope walk interchina terrified the crowd below as he lost his balance at 330 feet. watch what happened here. he was trying to make his way across a wire suspended between 2 hot air balloons. then a strong gust of wind caused him to lose his balance and slip off the wire. he managed to catchimself as you can see but at one point hanging on only by one arm. before pulling himself back up and on to the wire. look of relief translates in any language. about. >> alameda firefighters helped kite surfer in distress help him back to shore an unharmed this afternoon. he was tangled in the line the lane off bay here drive. rescue boat and swimmers raced out to where the man was sitting on his surfboard trying to get untangled. >> he was becoming tired. we offered him assistance. at first he was not t-was revving our help but we convinced him it would be in his best interest to th

so he is being attracted from dubai to rome to paris to brazil, and he was explaining this to me. and i said you used to live in new york and we have all those people in new york. why don't we open a restaurant in new york? he can't open a restaurant in japan. in three, four years, all the data, the three professors we have here in new york, the five that are allocate on the project in japan, a total of eight employees that he has, and three to four years, this will be a graduate program in his school for those chefs who want to cook with the same integrity and purity outside of japan. >> rose: located here in new york. >> outside of japan. >> rose: and so what-- how did-- when did you decide to create the restaurant? >> well, that was seven years ago at we had that conversation and we both looked at each other and said this is great. ask so his students who are going to take this extra graduate two years will now choose where they'll cook but with the same levels that they would cook in jan, hopefully outside. >> rose: just for the sake of how is it different of other cooking sch

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