elise preston has those stories and more in today's money watch report. >>> wall street was higher on thursday. dow gained 19 points. nasdaq was up 108. s&p 500 rose 19. >>> uber and lyft may have competition. a china based ride hail service filed to go public in what could be the largest ipo this year. it was hurt by pandemic but in first quarter of 2021, the company saw double the revenue compared to the same period last year. uber does own about 12% of the company. >>> a bipartisan group of senators says it has an infrastructure deal. five republicans and five democrats released a statement saying the plan would not hike taxes and would be fully paid for but did not explain how. president biden called for more than $1 trillion in new spending. it's also unclear if the senators' deal will have enough support from their colleagues to pass congress. >>> net flix's latest project isn't on the screen. streaming giant launched an online store. net flix.shop has exclusive limited additions of apparel, lifestyle products, and toys tied to the brand. at the new york stock exchange, i am eli

here is elise preston. >> reporter: she is an energetic and fun-loving 6-year-old.jackson's vibrant smile, she is fighting b cell acute lymphoblastic leukemia, diagnosed just last month. >> how did you feel yesterday? >> my back hurt. >> reporter: violet is undergoing treatment at omaha's children's hospital, where she received pints of blood and platelets. >> i was so thankful that blood was available for violet when she needed it. and i wanted to pay it forward. >> reporter: so violet's mom donated her blood, and big sister, eden, got really inspired. she organized a blood drive, and at a critical time, the nation is facing a declining amount. >> it was great to see it work so fast, and know we brought a little bit of awareness about blood. >> reporter: a sense of community helping to save lives one pint at a time. >> thank you for donating blood. >> reporter: elise preston, cbs news, new york. >> duncan: what a cutie. that's the cbs weekend news for this sunday. "60 minutes" is coming up. i'm jericka duncan in new york. have a great evening, everyone, and thanks

elise preston explains, it's legal. >> reporter: when most of us get paid, so does uncle sam. >> you are taxed a lot. you are taxed more than you should be probably. >> reporter: but nonprofit investigative journalist o propublicca obtained never before seen irs information and found the 25 richest americans sometimes pay little or no federal income taxes. that includes warren buffet, elon must, michael bloomberg and jeff bezos. now the richest person in america. he paid no federal income tax in 2007 and 2011. p. >> the way their wealth builds, they are outside of the systems. >> reporter: the ultra rich can trim tax bills,000 charitable donations or by avoiding wake income. >> sometimes they don't take wages or income, and it's only taxed when they sell and often don't sell. they borrow to fund the lifestyle. >> reporter: none of this is illegal, which begs the question,. >> does congress need to change the law? >> i do believe they should, yeah. i believe they should overhaul the tax system. >> it's ridiculous that the wealthy are not paying taxes, and we are paying all of the taxe

elise preston is at the new york stock exchange with those stories and more. e. >> reporter: good morning, anne-marie. stock futures are trending largely higher after a positive day on wall street. investors brushed off higher consumer prices revealed in the latest report released yesterday. the dow added 19 points, the nasdaq rallied 108 points, and the s&p 500 was also up 19 points, setting a new closing record. >>> a bipartisan group of senators reached a deal on infrastructure. multiple sources tell cbs news the group's plan includes a $579 billion in new spending over five years. the plan is focused on physical infrastructure and does not include tax increases. democrats and republicans also appear to be coming together on how to pay for the plan. a major point of contention during talks. the biden administration says it has been briefed on the plan but questions remain. >>> say good-bye to american airlines' in-flight magazine. the june issue of "american way" will be the air carrier's very last. american stopped publishing the backseat read during the pa

elise preston explains. >> reporter: more than two decades after opening his first the athlete's foot lowman owns a store of nearly 600 locations. he's the only black owner. >> from run dmc to michael jordan to all of the young kids who have actually supported the industry to make it the multibillion dollar industry that it is it's unfortunate because there's only a half handful of american american owners in the retail industry in the world world. >> reporter: inspired by black lives matter and calls for social justice, darius filling who oversees marketing for athlete's foot. they started a pipeline program that gives black franchisees access to capital and major vendors. >> it's upon us to really help foster change. >> reporter: billings believes change can come from growing generational route where families pass down assets. on average, white families have a net worth nearly ten times that of black families. >> it's definitely alarming just because you see every different way that systemic racism has addressed the culture. >> reporter: they held a panel discussion to introduce the

elise preston is at the new york stock exchange with those stories and more. g, elise. >> reporter: good morning, anne-marie. stock futures are trending higher after a mixed day on wall street. investors are still weighing the federal reserve's projection that interest rates could hike -- that interest rate hikes could happen sooner than expected. >>> the dow slid 210 points posting its fourth straight session of losses. the nasdaq rallied 121 points, and the s&p 500 shed one point. >>> get your fireworks early for the fourth of july. that's the message from phantom fireworks, the nation's largest retail fireworks company. it's urging shoppers to buy now ahead of a possible shortage for the second year in a row. sales of fireworks exploded last year as more people celebrated at home because of the pandemic. phantom managers say july 3rd and 4th are historically the busiest days to get fireworks. >>> no more motor city blues. the world's famous north america international auto show will return to the detroit area next year. there will be changes including smalle

>> elise preston in new york. thank you so much. >>> authorities are searching for a motive in a deadly shooting at a fire station in california. police say an off-duty firefighter opened fire on his colleagues at a fire station north of los angeles. the 44-year-old fire specialist was killed. a 54-year-old fire captain was wounded and hospitalized in critical but stable condition. the unidentified gunman was found dead at his burning home. authorities say he was a firefighter specialist and engineer and not scheduled to work that day. >> but yet as the fire chief, i never thought that when our firefighters face danger that they would face that danger in one of our community fire stations. >> the gunman had been with the department for more than 20 years. >>> authorities have released body camera footage of sheriff's deputies and police officers responding to last week's mass shooting at a san jose rail yard. in one clip, they are seen with their guns drawn as they run into an employee at an upstairs entrance. the

as elise preston reports, a 2018 report on that tower is under the microscope tonight. >> reporter: as rescuers hold out hope at the collapsed surfside condo building, saturday brought more grim news. >> today our search and rescue teams found another body in the rubble. and as well our search has revealed some human remains. >> reporter: forensic experts will use dna samples already collected from family members to quickly identify the remains. officials reported making progress battling a fire at the disaster site that has been hampering rescue efforts. >> our top priority continues to be search and rescue and saving any live that is we can. >> reporter: the spiegel family is searching for any news about their mother, 65-year-old judy spiegel. >> i know my mom is a fighter. i know she loves us. i know she doesn't want to give up. >> reporter: as investigators work to determine what caused the collapse, an engineer's report from 2018 found abundant cracking in concrete columns, beams and walls in the building's parking garage. and major structural damage to a concrete structural slab

elise preston, cbs news. >>> well, the duke and duchess of sussex are proud parents for a second time. a spokesperson announced meghan gave birth to a girl on friday in santa barbara. baby and mom are doing well. no official pictures have been released but we know their daughter's name is lilibet diana mountbatten-windsor. they plan to use the nickname lili. people who live near them could not contain their excitement. >> i think it's amazing that we have another royal in the area. a very good place. the quality of life is amazing. i think they've made a right decision by coming to montecito. >> the baby who weighed in at seven pounds, 11 ounces, is named after two special women in harry's life -- a nod to queen elizabeth and her middle name, diana, is in honor of harry's mother, of course, princess diana. >>> so coming up, passenger behaving badly. a man is detained on a delta flight after he allegedly tried to break into the cockpit. >>> and all around awesome. simone biles earns another title as she gets ready for the olympics. >>> this is the "cbs morning news." the olympics. >>>

as elise preston reports, authorities created a device and messaging system to track the suspects. >> reporter: it's being hailed as a first of its kind global sting operation. one whose targets told investigators exactly what they were doing. >> the very devices that the criminals used to hide their crimes were actually a beacon for law enforcement. >> reporter: the suspects were tricked into using cell phones that came preloaded with an encrypted messaging service called anom. they thought it would allow them to evade detection. the app was developed by the fbi and other law enforcement agencies. >> each and every device in this case was utilized to further criminal activity. >> reporter: the fbi said the phones were only sold through the black market. >> you cannot walk into a verizon or at&t store and purchase one of these devices. you must know somebody who sells them and be vetted by them. >> reporter: some 27 million messages were intercepted. most involving criminal activity like drug trafficking and money lundering. the operation has already led to at least 800 arrests, and t

elise preston breaks down the numbers right after the break. >>> welcome back. good morning.'ve got that friday feeling. you can see the sunshine over downtown san jose. in san jose, 50 degrees. many locations are in the mid 40s to low to mid 50s at this hour. through the day, a little bit warmer compared to yesterday. we are in the 60s around the bay and inland mid to upper 70s to low 80s this afternoon. this is just the start of a warming trend for us as we head through the weekend and especially looking ahead to next week. back to you. >>> happening today, a senator hosting 12th annual national transportation finance summit called electrifying transportation future. it starts at 10:00 this morning. speakers include cal trans and mti transportation officials. >>> meantime, bart board of directors approved a $2.4 billion budget. the budget for 2022 includes just over $1 billion in operating costs and $1.4 billion in capital project spending. >>> 6:42. stocks rebounding rounding out the week rather in the green and more signs economy is bouncing back. elise preston joins us l

elise preston, cbs news, new york. >> duncan: got to start somewhere.unday. later on cbs the kennedy center honors. where you can stream it on paramount plus. i'm jericka duncan in new york. we thank you. have a good night. captioning sponsored by cbs >>> live from the cbsn bay area studios, this is kpix 5 news . >>> a one-year anniversary to mark the killing of sean monterrosa. the family said it is not just about justice for him. >> we are trying to bring change and accountability to the bay area. >>> today a wind advisory which just went into effect in the last few hours for a big part of the bay area and we will show you who has it and what to expect. >>> dreams of a daring athletic endeavor across the pacific put on hold and force this kayakers trip to come to an abrupt end. >>> a festive pride event in one northern california community but it's more than a party. why participants say the celebration was a long time coming. >>> thank you for joining us. >>> we begin with renewed calls for justice for young san francisco man killed by police a year

elise preston with the story. >> reporter: 19-year-old ethan bent earns his doe at the bagel cafe nowhool is out, money is in. >> i expect it to be an average first-job pay but that's exceeded my expectations a little bit. >> he's part of a growing teenage workforce, last month, 16 to 19 years old with jobs rose to 33% highest rate since 2008. his bos is looking for more like h him. >> i ask everyone do they have anyone who wants to work i have jobs. >> many struggling after the pandemic but now bouncing back full force. this woman increase the the starting wage from $12 to $15. >> we're really, really shorthanded. >> hiring challenges include those struggling with child care, and foreign students, and entry level seasonal work not paying as well as employment benefits. >> there's still this expanded employment benefit that's keeping some workers from coming back into the labor force, filling the jobs where there are openings. >> one of those openings went to 16-year-old sofia shannon. >> my first job ever actually. >> she landed a job in a mic michael's in lexington, kentucky. >> we'

elise preston is in new york. e, there's a creative push to get more people vaccinated. >> reporter: anne-marie, from past and free event tickets to setting up events in highly populated areas, agencies are meeting people where they are. a scene like this might have terrified public health officials this time last year. >> we purposely came really early in the morning and we're still totally shocked when we turned the corner and it was a complete zoo. >> reporter: but now with more than 40% of americans fully vaccinated, it was a holiday weekend to get out and enjoy the california sun. >> it's been 15 months since i've been anywhere but kansas city, missouri. >> reporter: new york's rockaway beach was anywhere but warm on memorial day, but that doesn't stop this 12-year-old's polar day plunge. >> it's still the beach, no? it feels good to go outside and in the first place and not be so scared. >> reporter: health officials took advantage of crowded beaches, setting up mobile vaccination clinicing in new york. >> ev

as elise preston shows us, some healthcare systems are bringing the vaccine right to those patients.> reporter: douglas is getting the covid-19 vaccine. >> i have a number of health issues and i feel a little bit in danger if i don't get the vaccine. >> reporter: the 79-year-old is being vaccinated in his own home. home care nurses from cleveland clinic are bringing the vaccine to patients who are mostly home bound. >> a lot of them are bed ridden and/or need a wheelchair or special transportation to get out of the home. us coming to them is a huge relief. >> reporter: so far, this group has vaccinated around 1500 patients for covid-19 at home. the medical director of the cleveland clinic center for connected care, he says getting the vulnerable population the shot is critical. >> they're the highest risk of hospitalization or dying if they do contract covid. i think the second reason and this has become more important as the pandemic has gone on, is that a lot of our patients have limited number of people they have in their house. that leads to social isolation. >> i have been worri

elise preston looks at a program that's meant to improve chances of success for african- american business owners. >> reporter: more than two decades after opening his first franchise, he owns nine stores of the global brand's nearly 600 locations. he is the only black owner. >> from run dmc wearing adidas to michael jordan, all those who made this the multi billion dollar industry that it is. >> reporter: inspired by black lives matter protests and calls for social justice, the two launch the start, strategic african-american retail track, a program that gives black franchisees access to capital and major vendors. >> it's upon us to help foster change. >> reporter: he believes this can come through growing wealth where families pass down assets. >> it is alarming just because you see all the different ways that systemic racism has really affected the black culture. >> reporter: start aims to address systemic economic disparities and motivate young minds. they held a panel discussion. >> i am a sneaker head. >> bri plans to turn passion into prosperity. >> i always wanted to create my own

elise preston, cbs news, new york. california has been recognizing juneteenth. it will be a federal paid holiday starting today. >>> a massive drop in water levels in one northern california lake. why the state's energy commission. >> taking a live look outside before we head to break. this is a view of the city from our camera on treasure island. it is 4:41. we'll be right back. 4:42. a precious metal has seen a decline and the nation accepting bitcoin. >>> stocks were mixed on thursday as investors invested news in an up tick. the dow fell 210 points. nasdaq rose 121. and the s and p500 it was basically even than less than two points. gold futures dropped 4.5% following below $1,800 an ounce. it was the metal's biggest single day drop in almost a year. precious metals are commonly seen as a hedge against rising prices. experts say inflation needs to be above 4% for the effect to be noticeable. el salvador became the first company to accept bitcoin as legal tender. the government sought outside assistance. the world bank declined a request with a spokesperson c

joining us with those stories and more in today's money watch report, elise preston live from the newhange. good morning and happy friday. >>> good morning. a bipartisan group of senators says it has an infrastructure deal. five republicans and five democrats released a statement saying it would not hike taxes and would be fully paid for but did not explain how. president biden called for more than $1 trillion in new spending. >>> more businesses are slated to open. the commerce department says it received more than half a million business applications last month, up 1.2% for may. applications covered a variety of sectors and were higher in most industries but applications across retail industry saw the biggest declines. >>> as americans are emerging from lock down and hitting skies in record numbers, tsa says it does not have enough workers to handle the long awaited travel boom. the agency is asking workers to volunteer to help monitor check points and the hope is to hire 3,000 more workers by the end of the summer. >>> i hear studying abroad is no longer just for college students.