edison, soshares of --ity -- solarcity >> sun edison started burning a lot of free cash. that went up significantly. -- these are companies that are rooftop solar companies that are doing the exact same -- i think there are companies out there in plain sight doing similar things. the other dynamic is the way people value these companies. using retained value analyses that essentially use twenty-year estimates. when these things come crashing down, you have to reinvest. lisa: which company is the worst offender? solarcity we cover is . there's a lot of risk in that stock. stockscks are sentiment because they lose money every quarter and their free cash flow is negative. this been positive data points that have come out with things governments have done and solar city raised some cash and the stock went up a lot. they will have to bring down full-year guidance and we don't think they will be free cash flow positive. anything you learn from this filing today that is particularly notable? the company will be able to spin off some debt. >> you have first lien and second lien d

one thing sun edison is known for is its acquisition.that allows you to look at the buyer profile. go on the profile and they made 35 deals worth $35 billion across the world. as you look at the deal distribution, most of the deals came after 2014. ont wanted sun edison to go a buying spree the last two years? -- what prompted sun edison to go on a buying spree the last two years? >> they were rewarded for their growth. they made $3.1 billion in deals in 2014 and last year. julyannounced a deal in with a residential solar company. project's build a memo hamid desert or in the plains but this is a company that focused on rooftop solar. credit a more uncertain profile based on fico scores. utilities usually by the power. this prompted a reckoning. then they said they are buying too fast and i realized that the pace of acquisitions was too quick. sun edison files for bankruptcy protection and still has the two listed yield codes. what will happen to them? >> great question, we don't know. they are not listed as debtors so that gives them so

fundsa lot of hedge invested heavily in sun edison announced on edison may be facing bankruptcy.ampen thetentially potential interest by big investors, no? tom: i would not comment on any particular deal. on like a lot of people who play in this space, we are conservative in our approach. i'm a former cfo and one thing i like to say about finance is in the world of finance, there are a lot of tricks, but there is no magic. capital in a simple and straightforward way. we use credit worthy counterparties and try not to leverage or otherwise complicate our ability to raise capital. codes, mlpsat yield and some of the things sun edison is dealing with, this complexly is proving to be troublesome in a volatile financial market. and do stick by our guns what we do and if opportunities arise, we will keep our eyes open. you have been investing in nuclear power here after a time when a lot of people were not doing that. what is the future for nuclear power in the u.s.? : if you believe there is a reduced carbon future for energy production in america, nuclear must be a dominant solution.

if you were to walk into a recording studio in edison's era, there'd be no microphones.nstead of a microphone, what was used was known as an acoustical horn or a recording horn. that was what captured the sound and transferred the sound waves onto the master record. ♪ is that a tear in your eye, dear? ♪ as the singer sang or a band played, the air in the room would vibrate and an acoustical recording horn would collect the sound waves, and these would be transferred through sound pressure down onto a cutting stylus which cut the sound pressure waves into the record. musicians really had to play for the recording equipment so you would set up the recording equipment, and then the musicians would gather around the recording horn, and, for example, if someone had a solo, they would move up closer to the horn, and if they were not doing a solo, they would have to move away from the horn. [trumpet plays on recording] the main limitation was, it took loud sounds to cut into the record, and, for example, instruments like an acoustic guitar or a violin were very difficult to rec

son edison's market cap in july 2015, $10 million but the start has crashed and son edison's market cap hour ago was around 1 $70 million. son edison like other renewable energy firms did receive some us government grants from us government and state government which total 4 $.5 million. being dragged down by citizen, david einhorn, greenlight capital, the hedge fund guy, back in 2014 was touting this stock as a great by, it was worth $800 million. today, thank you. charles: i am looking for the solar plant in california, that is a big debacle and taxpayers have billions of dollars sunk into that as well. great stuff as usual. oil down on skepticism that opec members will be able to freeze out, the stocks that are being impacted by this move. my dad gave me those shares, you know. he ran that company. i get it. but you know i think you own too much. gotta manage your risk. an honest opinion is how edward jones makes sense of investing. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38

that's what happened to sun edison to a great degree. what is happening with a lot of these shale players. why i try tot's talk about the solar space. scarlet: when i look at that capital structure -- i just took a look at swiss energy. structure-- capital looks the same. how do you waeve through the guys that will fail versus the guys that need time? dan: very much the same way. you look at their capital structure. that is what will matter with the solar players. there's a lot of reasons why the incentives for the solar players still remain despite the sun edison bankruptcy that's coming on. there are certain players in the that you want to be betting on as some of these weaker players, overleveraged players start to go bust. players,for solar government subsidies helped them get a foothold, but economies of scale are really the driver for falling prices. the cost of solar power is now 1 1/150 of the level it was. dan: it's getting better, but it is still not competitive with fossil fuels. the congress extended subsidies through the end

. >>> wilmington's thomas edison charter school took the national junior high title in indianapolis. they beat out youngsters from almost 200 older schools. thomas edison charter also won the team championship in 2014. . >>> from hot to chilly and that is the accuweather forecast. >> and then we go to wet. we have everything in the span of three days. how about that? >> don't like the chilly or wet. >> we need the rain and it's on the way. stormtracker 6 live double scan showing that right now it's chilly but it is dry but we have plenty of clouds upstairs, sky 6 hd is live taking a look at the commodore barry bridge and shades of gray and get used to it. we won't see much sunshine until we head into saturday. and today quite the change and yesterday it felt like june. 86 degrees and 18 degrees above normal and today is felt like march, 55 degrees and 13 degrees below normal and 13 degrees below normal than yesterday. here comes the rain all the computer models show the rain generally a half inch. quarter to half inch, you'll also need the umbrella. right now 53 degrees in philadelph

>> so far it's like $7000. >> reporter: con edison says residents can submit a reimbursement claim, but the company does not pay for damages out of its control. con ed says we are still investigating, but we believe tree contact with a power line is what caused the event. romero says he saw the power line itself explode. >> didn't touch any branches, any trees, anything at all. >> it just blew up? >> it just blew up. >> we didn't do anything to cause this problem. >> reporter: you can see this electrical panel was completely burnt to a crisp by the power surge. neighbors tell me their insurance companies will pick up some of the damage costs, but not this part. westchester county, brian conybeare, cbs 2news. >>> new information tonight on the death of prince. the carver county sheriff's office says there were four emergency calls to prince's home since 2013. that october, officers responded for medical assistance and again last august and september. the final call was last thursday, when prince was found unresponsive in an elevator at the paisley park compound. >>> and prince fans in br

july 29th committee 1078, thomas edison did this experiment had failed almost immediately. he was not sensitive enough to pick up radiation. the result could dent his good mood. the western trippi told reporters with his first vacation in 16 years. it is prepared to himself to matter what. for their part is to assert eager to entertain their famous visitor but thomas edison suffer and it delusions about his status. but they are so after they close at hand companions went up to separation. they passed along the depot, tourists greeted by the station agent, john jackson clark. clark wasn't terribly impressive theater skills of his visitors. the combined knowledge was about parallax is in spectrums. having bag between them a grand total of exactly one sparrowhawk edison returned to the station and asked whether there might be anything in a clear space in the bushes that there is one now. he close to 100 feet. the beast with job. he aims to trigger. then again. his targets to god. he saw the entire station staff had gathered for the show. the penny dropped. he even sent a play

we're trying to win our second title in three years. >> reporter: for students here at thomas edison the game of chess is more than just about play, in fact, it is an opportunity to check mate, this perceptions and stereotypes, about playing of the game. >> and a lot of people think we're not very good but that if they lower their expectations, on the board, we will usually win. >> reporter: overcoming challenges is something they are used to, to get around this fact that most parents probably wouldn't be a able to afford the trips, the school fundraisers had a go fund me page. i learn the hard way just how good they are. ever the skeptical journalist, i decided to get in the ring and take on one of the best players. >> you don't think i can go ten minutes. >> it depend how long you take. >> reporter: this sixth grader about three, two, one. >> check mate. >> good game. >> reporter: in wilmington, delaware, rahel solomon for cbs-3 "eyewitness news". >>> great program. thomas has been doing that starting in the city back in the 90's, and developed young people throughout the year. >>

the blame game between residents and con edison. >> cbs 2 news this saturday morning starts now. >> live from studio 46 this is cbs 2 news this morning. >>> good morning. it's 6:00 on this saturday, april 30th. i'm andrea grymes. >>> first let's talk with meteorologist vanessa murdock. >> looking good for today with regard to the wet weather. tomorrow will be the soggier half. it's going to be the cloudier side of thing. we aren't anticipating any rain today. maybe a few spots of drizzle near the coastline. let's take a look at temperatures. it's 43 in the city, 43 in the hamptons and 47 in month -- monticello. i think it's a please ant beginning to your weekend. that's just the first half. the second half will be a soggy one. that low pressure system is moving in our direction and will bring rain tomorrow. for today, not looking at rain just a mix of sunshine and clouds. by noon, 57, at 3:00 it is 62 degrees that's as warm as it gets today. by 9:00, 53 and mainly cloudy. your full forecast coming up and we'll talk about wet weather not just tomorrow but for several days next week. andre

. >> the training comes after last month's devastating cbs 2's meg baker has more now from edison. >> reporter: we are all partners in the fight against terrorism! that was the point made here in edison, new jersey, where the fbi conducted explosives demonstrations. [ explosion ] >> without the public's help and input, then we're really -- it's really difficult to identify any kind of threat without the assistance. >> reporter: special agents with the joint terrorism task force say the recent and tragic attacks in turkey and belgium show the real threat we face from explosives made with household products. >> bleach, ammonia, nail polish remover, brake fluid when combined in the right amounts they can inflict serious damage. >> reporter: today's event included state and local law enforcement, first responders and private sector partners who may deal with sensitive chemicals that could be used to make a homemade bomb. [ explosion ] >> we provide them an understanding and overview of what types of chemicals and devices can be put together by showing them exactly what the destructive nat

show i still like con edison.ll. all right. let's go to chris in california. >> caller: hi, jim. i was wondering what your thoughts were on regeneron. >> a lot of the biotechs, some of them hit highs this week, i think those are dangerous, the big one celgene, regeneron i think are still good. regeneron is a buy but you have to be willing to accept the fact there are some price risks. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. >>> good evening, jim, thaw for taking my call. after taking a tour of again necessary brewery at the end of the tour i found out that they were owned by diagio. >> i went to that same guinness and i happen to have a diploma for pouring and it's also my wife's screen safer. she got -- she had magna cum laude pour. that was the first course i have taken since harvard and it was much harder. >> how about this check that cbs is priegt for march madness, extension for eight years. >> until 2032

. ♪ cory: legal woes mounting for sun edison.ditors saying terraform a owes them money in a deferred payment resulting in the -- they want to get paid and say payment will be due immediately if sun edison files for bankruptcy. there has been a big acquisition spree accumulating billions in debt, pushing the company toward bankruptcy. let's stay with renewable energy. hearing from executives across the spectrum about growth and innovation. last year for the first time ever the majority of new power generation capacity will be renewable, according to a report from the u.n. when energy, a record number of turbines installed last year. how fast is it growing? we sat down with michael garland and asked him how his business is doing. >> we operate about 3000 megawatts, the size of three nuclear power plants. we are one of the faster growing, 500-1000 megawatts a year. cory: what are the things you have control over that are helping, or not? quick about 80% of our business we grow ourselves, meaning we go out and develop it and create a

you have a large pool of assets in the case of sun edison. people will buy them.mple supply to meet any demand in the market. you could say in the coal market , it does not fundamentally change the supply or demand equation, though in the long run , with the paris agreement being signed, we do hope to see more demand on the cleaner side of things. rishaad: thank you very much indeed. we will be talking to the head of ftse russell, coming up. ♪ >> welcome back. it is 943 a.m. in hong kong. these other stories making headlines from around the world. haslegation from taipei visited individuals held in china. they were taken to china after they were deported from kenya. says it has jurisdiction over them because the citizens were the main target. say its firstapan elf fighter has made its first test flight. the jet will now be handed over to the self defense force for further testing. the plane strengthens the government's hand. it could further antagonize china and korea, who oppose japan's aggressive outlook. embattled indian company has prove his pay to intent to s

very few edison models and patent models. most of his inventions were after the model requirement. >> i'm a little confused about the dispersion of the models. some went to the smithsonian. some went out at auction. some went out to inventors. how did all that play out? the models >> were offered first of the smithsonian and then other industrialists. >> in what year? ld: prior to 1925, bulk of in 1925, the the models were put up for auction in new york city. that is when sir henry wellcome bought the entire group of models, which were a couple hundred thousand, probably. are the models on display at the hagley museum, or are you in the process of adding an exhibit. we have about 100 on display right now. mr. rothschild: there's actually 25 models on display here at the smithsonian. being involved in the patent office and searching and all of do,, one of the jobs that i disclosures are coming in in .ideo formats and 3-d formats of course, there is all this 3-d printing going on at the moment. do you think models could make a

sun edison is talking with creditors about restructuring is financing.e discussions are ongoing and there is no assurance they will result in a deal. negotiations come as sun edison faces default on at least $1.4 billion in loans and credit facilities. that is your business flash update. oil prices fell for a third day in a row. the drop coming just before major suppliers meet in doha this weekend to discuss an outfit freeze. the team on "what'd you miss?" will be covering all the anticipation. joe weisenthal joins me now. this is a big deal. we have been speculating all week about what is to come. joe: in january, we first got the headline about saudi arabia and russian agreeing to some sort of oil freeze. this weekend, countries representing 60% of world oil production will meet in doha to discuss formalizing this frees. expectations are not that high going into it. saudi arabia has set a frees to. make much sense if iran is not playing a car. iran has said it does not see much need for one. they are talking. that could perhaps keep a bid on the market

you can see how this is trying to thin out through edison, new jersey. some of this may make it to the south shore of nassau county. sprinkles trying to reach the ground near i 89. light rain over toward middletown in orange county in the hudson valley. so a little light rain or drizzle during the early evening. as we go through tomorrow, 48 a touch of drizzle around, but much of the day it is for the raining. in fact the clouds may try to thin out east of new york city. but once we get to the commute, that is when rain starts to become more widespread, especially into your friday evening. that is when we have a steadier period of rainfall. the mets aren't playing tonight but tomorrow when the giants are playing at citi field i think there is going to be rain in the area. maybe very light to start but steady, it will be a close call whether they can sneak that game in. watch the futurecast here, we drizzle. then tomorrow during the day, again rain, much of the time. not much is going on. it is cool, we are only in the 50s, but look how the rain starts to

there is really not any one particular model that i would have wanted, except, maybe an edison model. there were very few edison patent models, he had many patents, but, the reason there were not many because most of his inventions were after the model requirement. >> i am confused about the dispersion of models any patent office. someone to the smithsonian and someone out at auction. out? d all of that play mr. rothchild: the models were offered first to the smithsonian and other industrialists. 1925, that happened. in 1925, the bulk of the models were put out to auction in new york city. henry welcomedr into group of models. they were in the hundreds of thousands. -- thousands. >> are the models on display at the museum now? or, are you in the process of mounting an exhibit? what is the status? >> we have about 100 on display right now. we will add that from a few years ago. >> their exit 25 models on display here at the smithsonian. being involved in , one of theffice disclosuresis the coming in through video format 3-d formats and virtual course,gies, and, of this is a lot of 3-d

. >> this morning con edison crews are back with several homes are still without power. on thursday a primary power line carrying 13,000 volts broke free and hit a smaller wire sending a huge surge into 28 homes. some homeowners say it's cost them at least $7,000 so far. con edison said residents can submit a reimbursement claim but they don't pay for damage caused out of their control like storms, vandalism or trees. a company spokesman said they believe tree contact with the power line triggered thursday's event. >> they didn't touch any branches, any trees, anything at all. >> it just blew up? >> it just blew up. >> we didn't do anything to cause this problem. >> neighbors say their insurance companies will pick up costs. >>> on oil slick near the george washington bridge will not require a clean up. environmental police say it's necessary. the slick was discovered around 3:00 yesterday afternoon and stretched almost a mile along the hudson. investigators say it's unclear whether it came from a spill or a leak but at this point nothing more is entering the water. >>>

>> rich edison, thanks very much. >> hillary clinton still leading bernie sanders. she has a four-point spread on sanders in indiana. close anywhere california, 48-46. clinton sunday scrutiny for her ties to wall street and big business. but her big lead in delegates has sanders sounding tentative for the first time in the campaign. here's correspondent peter doocy. >> from feeling the burn to feeling the pressure. senator sanders admitting now his window to capture the democratic nomination may be closed before this summer's convention. >> look if we do not have a majority, i think it's going to be very hard for us to win. >> a sanders loss would put the political revolution he calls for in jeopardy. so groups supporting the democratic socialist plan to huddle in chicago in june after the final primary, but before the convention. an organizer for people for bernie tells fox the summit has been in the works for a long time and tells people the agenda is about supporting progressive policies after the primary is over. hillary clinton is feeling much better about her

in 1879 alone, we had thomas edison's electric light.l benza's internal combustion engine and a little-known englishman who invented wireless. if you think about the house in 1870, it was completely isolated. by 1940 we were connected five ways -- electricity, gas, telephone, running water and sewage removal. that absolutely completely fundamentally changed the way life was for housewives and, at the same time, working conditions were changing. all at the same time, in the early part of the 20th century, we conquered infant mortality. some people have calculated that that's worth more than everything else put together. in 1890 your chance of having your baby die was 22% in the first year. that was down below 1% by 1950. so in all of these different multi-dimensions, phonograph, radio, television, motion pictures, we had a tremendous change. since 1970, we've had of course the computer, we've had communications, we have mobile phones, but that's a much smaller part of human existence than the great inventions of the early 20th century. >>

edison lights. just kind of modern rustic. ♪ >>> you know i like to try unusual things.s get hopping. frog legs. have you ever had frog legs? i have not. i crew up in kansas and we used to go gigging for frogs. you know what that is? you take a stick in the middle of the night and get a flashlight and their eyes and boomp. >> we just get them deliver. (laughter). >> less mess. >>> before i get into this i've always wanted frogs can be kind of bloated, rib it, will be it, will be it. we only eat the legs. cun eat the rest of them. >> the rest isn't worth much. there's no real meat. the legs are the meet yesterday part. >> i'll eat like a drum stick or a chicken wing, right. >> get in the. like a chicken wing. >> what have you dollared it up it. >> kind of version of salt and pepper. we brine them in little salt first. >> yeah. >> then we fry them in a little corn starve. >> yeah. >> ginger garlic peppers. little soy sauce. something a little different. than the typical french way is just parsley and garlic. >> what's mur ran. >> a sweet japanese cooking oil. >> this has k

edison hit 83, central park 82, paramus was 81, flushing queens, 80. sag harbor 74. that's well above average. 82 is 20 degrees above where we should max out. as far as our rain chance, we will watch the system around texas later. but right now, overnight this will drop in and it will lose a lot of moisture but it could give us a little bit of a chance for a shower, maybe a sprinkle here or there. 57 degrees. the atmosphere is so dry that that passes through and winds come from the northwest and we have a p.m. fire risk. red flag warnings will be in effect tomorrow afternoon. tomorrow than you will see in the afternoon. we'll talk more about the extended forecast a little bit later. >> thank you. >>> still ahead, super glue to fix varicose veins? it is a new procedure promising to make veins vanish. but is it safe? >> it's an election with a huge impact. we are not talking about tomorrow's presidential primary. the other big issue being decided tomorrow in just a minute. where should you start when you're told you have cancer? start with a specialist. start where you

>> rich edison, thanks very much. >> hillary clinton still leading bernie sanders. she has a four-point spread on sanders in indiana. close anywhere california, 48-46. clinton sunday scrutiny for her ties to wall street and big business. but her big lead in delegates has sanders sounding tentative for the first time in the campaign. here's correspondent peter doocy. >> from feeling the burn to feeling the pressure. senator sanders admitting now his window to capture the democratic nomination may be closed before this summer's convention. >> look if we do not have a majority, i think it's going to be very hard for us to win. >> a sanders loss would put the political revolution he calls for in jeopardy. so groups supporting the democratic socialist plan to huddle in chicago in june after the final primary, but before the convention. an organizer for people for bernie tells fox the summit has been in the works for a long time and tells people the agenda is about supporting progressive policies after the primary is over. hillary clinton is feeling much better about her

. >>> and solar company edison is filing for chapter 11 bankruptcy.a were a one-time star but fell on the hard times after rapid fire acquisitions. it was worth nearly $10 billion in july. >>> wall dwrooens is paying $500,000 to settle the the latest case of a company accuse of duping new york consumers over the prices. the attorney general's office of new york found several probes of misleading advertising. >>> and the olympic flame for the 2016 rio summer games was lit today, mark iing the start the olympic torch relay, and the lit was lit before the temple of hair harrah in olympia. back to you, scott. >> and now, this edison thing, steve weiss, they filed for chapter 11 and another what was a hedge fund hotel blowing up. >> i know more funds that were short shorted than were long. and so when you look at the crowded trades that is the function of the funds getting so, so big where the opportunity set is unlimited but so many people made a fortune on the shortside and you have to look at what happened on the other side of it with appaloosa and fair

numbers around the area, again, reinforcing that southwest wind, 70 in edison. 61 in babylon. 56 in the hamptons. it's actually cooler than this time yesterday but it's a lot warmer to the west with that southwest wind. that said, mary mentioned this top of the show, this is the area, jersey and in through the city as well, up into westchester with this red flag fire warning until about 6:00 p.m. so if you see something, it's crucial that you make that call quick. and obviously, it's important that you're fire safe and make sure we don't start any fires. we need the rain for the season. we are over 5 inches below normal. now it's dry and it's also, i mean, the weather watcher sending in these beautiful buds but that means birch, now oak filling in. so the pollen count is high numbers going to be higher. 56 now. shooting for 74. already above normal. that's 63. sun sets at 7:42. so the radar shows clear but we have this system rolling in from the west. so we will make a few stops on the futurecast to show you what we're looking at. we see clouds fill in. maybe a stray shower well west la

. >> outside, the tough streets of the wilmington, delaware inside the library at thomas edison charter school. >> i don't know, it just puts something in my heart. >> reporter: even playing field a chess board. >> we attend these national tournaments you do not see many minority students. these are children from the most poor toughest areas, in the state, but they understand that it is not where you are from but where you are trying to go. >> reporter: they are going to indianapolis april 15th for the national junior high chess championship. they have been to nationals before and they have also won before. >> we're trying to win our second title in three years. >> reporter: for students here at thomas edison the game of chess is more than just about play, in fact, it is an opportunity to check mate the perceptions and stereotypes about who plays the game. >> a lot have people would think that we're not very good but they lower their expectations on the board, we will usually win. >> reporter: offer coming challenges is something they are used to. to get around the fact that most parent

in edison, a powerful lesson from law enforcement about how every day items can be used to make a bomb. >>> what would happen if one drill and not tell anyone, is it possible other enforcement agencies would respond with potentially lethal consequences? an i-team exclusive. >>> and it's opening day for the yankees. >> the last time we were at the stadium, chuck, the astros knocked the yankees out of the playoffs, would it be deja vu all over again? the answer coming up later in >>> in connecticut, there's a proposal to take sugary drinks out of day cares. keeping sugary drinks out of the hands of young children will benefit their health later in life. >>> the city counsel in tea neck nirjz is talking turkey. the birds have blocked traffic, dented cars and crashed through a kitchen window. only state officials can touch them. the department of environmental protection says they know of 5 to 10 aggressive turkeys but have not been able to catch them. >>> coming up, how long will the wintery blast last? storm team 4's full forecast is just ahead. >> here's a look at what's on all across a

it only topped out by edison which hit 83. flushing, queens was 80. sag harbor was cooler by the shoreline. everybody had a great looking day. typical would be 62. central park was 20 degrees above average. what's going on? here is this high pressure system that's been giving us day after day of beautiful weather. this high gives you the nice dry conditions. it's still in force tomorrow but this low is going to be dropping in from the north. the high will erode a lot of the moisture within the front. there is a chance for a little bit, maybe a sprinkle in the morning. for the most part you will keep it on the dry side. you will deal with winds from behind it from the north and northwest. that combination is dry conditions with winds and you have a fire weather watch for the area, primarily tomorrow afternoon. you could possibly get that morning sprinkle and humidity would be too high for fire weather watch. not by the afternoon. tomorrow afternoon you have to be careful with an open flame. you are waking up to more clouds than you have now and there c

that is edison actually giving a demonstration on the use of the mckinley died did warn -- died.e was very popular and the first president that women had voted for. considered a good-looking man for his time, very robust, very athletic. .ove golf mckinley had been involved with numerous scandals. he died in 1923. secretary from the naval department to the mammoth oil company and the pan-american petroleum and transport company. they were supposed to be .ompetitive bid secretly he gave the rights to the lands in elk hills. in exchange he received $100,000 in cash and received well over to refurbish his ranch, which was in disrepair because of loss of cattle in horses and disease. is theyse men did stocked his ranch out west with all of the livestock. problems with some of the other men who were friends of his who were personal friends before the election in 1920. they were known as the ohio gang. basically getting kickbacks. charge ofler was in the alien property custodian. duringin office created our involvement in world war i. all property that would be compensated by those peop

than it was yesterday, east wind at 7 miles an hour. 50 in monticello and the hamptons too. 57 in edison, one of our warmer spots. when you compare these numbers to yesterday, on average you're about 2 to 3 degrees warmer, 4 degrees warmer than we were this time yesterday in the city. yesterday we hit 58, so we're going to go for 60 today. still a little shy of where we should be, but very close. 85 and 26 your records. sun sets at 7:35, and lots of now, another sign of the season, pollen is up again today. it's kind of a convergence of tree and grass pollen. so it's a perfect 10. nothing perfect about it today, staying high into the weekend as well. want to show you the radar and satellite to show you there's nothing to show you which is nice. a big ridge of high pressure is in control. i mean, this is a big ridge of high pressure, but what's interesting is one little feature that the models are picking up into the weekend. thursday and friday, fine. but saturday, look at this thing, this big monster. but, remember, we're dealing with a big ridge of high pressure. so it looks like it is

con edison was out here, there have been crews working this all day long, and the good news is that nobody was injured. reporting live here in queens, i'm zachary quiche, back to you guys in the studio. >> glad no one was hurt. thanks. >> over to brooklyn now, strong winds being blamed for a partial building collapse in park slope. this happened at a building on fourth avenue between 15th street. you can see damage to the upper stories of the building. fortunately, no injuries have been reported. >> well, tonight the ntsb is investigating a deadly train crash outside philadelphia. >> this morning's derailment injured more than 30 other people. fox's brian eunice has more from the crash site. >> this is scene after a train crash happening some 15 miles south of philadelphia this morning. >> i felt like the train hit something and there were, like, three or four really big bangs, and it kind of threw us off the seats that we were sitting in, and there was a lot of smoke, and then everybody was, like, yelling. >> authorities say the train heading from new york to savannah, georgia, struck a p

in the first responders there in the garden state watched special agents blew up several things in edison. they demonstrated just how easily household items like vaseline and cooking oil can be used to make explosives. they created explosive devices that had been used by terrorists around the world. >>> the key here out reach with our partners throughout the state that are involved in the chemical industry to try to basically educate them in the event that they do see any kind of suspicious activity they can report it to the fbi. >>> agents say the demonstrations are held regularly as part of fbi training. >>> breaking news coming out of gloucester county. skyfox live over the scene of interstate 295 this is in logan township. take look. this is near mile marker 11 emergency crews are on the scene of a wreck here. there's no word just yet on injuries. but you can see wreckage scattered all over the side of the road there. we're told this stretch of highway is closed to traffic at the moment. >>> back to your fox 29 weather authority now. another cold day but are slowly starting to improve

calm winds in edison, white plains, and in greenwich, 13 miles an hour. 14 for the hamptons, and not at midnight a high wind warning going into effect. midnight tonight to 2:00 this afternoon, we could see gusts as high as 60 miles an hour, and we could absolutely see sustained winds of 40 miles an hour. damaging winds overnight tonight, and we will see the winds increasing over the next hour. rain and snow mixing as well. 36degrees, and it will be cold overnight with the winds feeling colder. cindy, i will have more coming up in the full forecast. >>> a suspicious truck forces an evacuation in times square. the heart of manhattan cleared out on a packed saturday night, and cbs 2's brian conybear is -- conybeare is live with more. >> reporter: there were suspicious-looking items in the front of this truck, and there's georgia plates on it, even though it's a brooklyn business listed on the side. police had to clear out thousands of people from times square just before 8:00 on a busy saturday night, and they evacuated the entire area, and they even brought in barricades to keep people

how mild is this. 56 in white plains, 62 in edison. these numbers compare to yesterday. 7 to 27 degrees warmer. you feel it out the door. you're feeling the humidity too. 67 will feel like it. lets see, that makes it feel like june 19th, but it is still springtime. evidence of that right there on the tip of your nose. boy that pollen count is high. it's tree pollen really the menace we're dealing with today. very little relief from the rain. speaking of we are over 2 inches below just for the month. so that initial first rain is going to be slippery. here's some showers right there. that's about it. parts of sullivan, ulster county, then a break. you get a sense of the movement of this. that's later this afternoon. last showers coming in and clearing out on saturday. it's been nine days, so do watch out. those initial drops will make things very slippery today. but it is going to be mild with that high of 80 for the weekend starts gray and a little wet early saturday, then nicer. cooler sunday, warm again first part of next week. it's

there was the bankruptcy filing of con edison and not strong trading for many of the companies.t has been choppy this year and today is not helping. the company came out with a earnings but announced a change to the executive officer. jim hughes will be stepping down and will be replaced by the chief financial manager but that is not happening until july 1. hughes says that the succession planning has been going on for some time. shares are down by 6% and the company came out with sales lower. they say it will not give 2000 17 guidance which is something that analysts had been asking for because of the uncertainty in the industry chu to the con edison bankruptcy filing and also due to uncertainty about timing with the completion of projects and sale of assets to a yields co. companies have a yields co structure and so a lot of that is weighing on the shares today. we have other earnings report. i wanted to hit some of the other gains and losses we see related to earnings. universal health services is coming out with numbers that beat estimates as did coca-cola. et incomerted rec

this film was taken by edison studios and it gives us a window into a moment of mass migration in the industrial atlantic. let's just take in the scene. ♪ let's start with a question for you all. first of all, let me ask you what you saw in the video. what struck you most and let's just do hands. we will put you on the spot. what did you see in that video? sorry, film. >> mostly that they carried so little with them considering it was them starting a new life. >> it seemed like they were carrying very little baggage. they did it have much with them. they brought very little with them to their new lives. what else? >> a lot of them were families and when we were learning at the beginning, a lot of the colonies were started by young independent males wear now coming down the line is a lot of young children and people to start completely new lives in the country. >> he saw a lot of women and children. that is unusual because we know that mass migrations in much of history have largely been male-dominated. the presence of women and children in such large proportions really stands out. any

edison will pay 975 billion dollars to form a joint venture with equity partners. link u.s. gas fields through the market. stagecoach guest services will be managed by chris would. they will be open through new york. the center this morning is ripping as he seeks for letting steve cohen start his own firm. he reached agreement that bars him from running a hedge fund. yield to not prevent him from starting a new investment firm from last week. senator lawrence says it raises questions about the ability to protect investors. that is your business flash. we go straight to the markets desk julie hyman. earnings.ng out with >> they had earnings far ahead of estimates. all regions ofss the globe, the have record results in north america. that income doubling from earlier. even after vehicle or sales were down, so, it is interesting here what we saw happen. , kevinook at unit sales over a bloomberg intelligence oneself that it was really truck sales driving profitability at general motors because it had a renewed appetite for trucks. they had volume of light truck sales versus the

more bad news for con edison. misappropriated $231 million.ust days after warning that smith edison may be filing for bankruptcy. neil: thank you very much. on fire. obviously, a really, really cool company. people are now buying their cars. a new model out that they will not be able to get their hands on for a year. it does not matter. >> going like tracy. a small car. a compact car. they are selling them for 35 rands. it actually goes a little bit higher. >> a federal tax credit. one reason why they are attracted to buying them. all things are going well for tesla. this is numbers as they exist. maybe they will not get it turned around. the problem for tesla, they are doing this all on their own. they are doing it for everything. from chevy's point of view, it will be profitable with the cars that they are doing. making a ton of money selling a pickup truck. they have a large company. the 15 having said that, it is interesting. plug it in. connell: you said that keyword is cool. neil: i am not driving that. connell: yes, you are. neil: when

vibrant canceled just before sun edison filed extension.rget about statements regarding financial condition. during an earning's call last november sunedison reported it had $1.4 billion in cash and sufficient liquidity to cover more than $12 billion in debt. sunedison cap in july 2015 was roughly $10 billion but the stock has absolutely crashed. and sunedison's market cap was $170 million. sunedison like other renewable energy firms has also received tax subsidies and grants from the u.s. government that total a million dollars. back to you. cheryl: thanks, adam. coming up the american country music awards rock las vegas. ♪ ♪ cheryl: we are going to have all of the winners for you. and the first passenger flight takes off from the brussels airport since the terrorist attacks, we are going to have the details for you. and checking u.s. stock market futures as we go to break. right now the dow, s&p, nasdaq all point to go slightly higher opening this monday. you're watching fbn:am, first look at morning markets and breaking news. nicole: let

kerry: if edison were to come back after he flipped that first switch, he would find most energy is still generated in much the same way he had designed, but he would also find at this moment that the energy revolution he dreamt about is actually underway. emily: the secretary of state called for more rigorous rules on how companies account for cost of fossil fuels. he said when business leaders conduct pot -- conduct cost analyses, they should factor in rebuilding from floods and death linked to air pollution. it is time for our second installment on her weeklong series for noble energy. we tackled wind power. next up, the battery market. as costs have come down, storage located to being figure out cost while helping utility companies stabilize the grid. i sat down with the leading player, john carrington. why is there a business case for energy storage? a customer standpoint, you save on your demand charges. you can do energy efficiency yous with the lighting and lower the amount of energy used, but you will still reach a new peak each month. that is what we go after, the highest interv

they can go right on school website, you know, edison charter, and also we have a go fund me page setight to the school, it will help make a difference in life of our children and help, major achievement gap in america, larger exposure gap as well t makes a difference. >> different for people at home who might want to write a check watch has the game that you have seen a big change in so far? >> taught these students to think, to be logical, to reason, there is also talk, i understand, their consequences and rewards in life, and teaching, building resilient children not about teaching them how to be successful, it is teaching them how to respond when they are not successful. that's good lifeless on for adults, as well. >> thank you, principal. mike, did you hear what i said at the beginning, the queen is the most powerful piece. >> oh, yes. >> the boys, they cannot, cannot, take it when they lose. kings important, but that young lady, and they'll learn that in life, always important, whether it is ma'am, sister, who ever. >> always. thank you. >> queen the most important. but the game

and we are watching sun edison shares.re's a reporter could file for bankruptcy as soon as sunday. "bloomberg news close vote is reporting that is one of several options for the struggling company to take. fitbit is on a quest to become more than a consumer brand. it's next step -- turning into a digital health company. the company already faces a lawsuit over heart monitoring. could this venture bring on additional scrutiny with the fda? our bloomberg senior research analyst joins us to talk about it. fitbit has a number of different uses -- diabetes monitoring, weight monitoring. er doctors are using it to check heart rate history. do they really have the clinical technology or clinical edge on other companies that could make this transition to a health monitoring company actually happen? cases ofis common use monitoring, they would compete with other technologies already available, but if they are targeting niche markets, just because they have this advantage, also targeting -- maybe we have been looking at niche market