elizabeth macdonald. sabrina schaefer. rich karlgaard. john candy. is this putting us in danger?it is. it's difficult to follow the powell doctrine, you remember colin powell. he said we ought to have the resources to fight two wars at same time in different parts of the world. we can't do that today. we should invest 6% of the gdp in the defense. as we did in the reagan years. we have can't afford to do that because we're so far behind the curve on the debt issue. >> is it a security risk? >> i'll disagree with rich. we spend more than top ten behind us combined on defense. if there is a national security issue, we defend the richest countries and regions in the world without defending the united states. if you look at the depth more broadly, if anything makes us safer, china is less likely to bomb us if we owe them money than if we don't owe them money. >> david: we spend a lot of money on defense. with jim imhoff says we don't have enough, i listen. >> he's right on long-term implication of what we do on the budget. not just the deficit or the level of the national debt, david

charles: elizabeth macdonald just noted on it.from your listeners that there is growing anger out there? >> i am hearing from a lot of folks that voted for obama before. he is handing it over to conservatives. we are getting a mandate to buy a product that can be of unlimited cost. charles: you are absolutely right. thanks a lot. we have an ipo for you today. in addition to that, the egyptian government, you know what, before we do that, i want to talk about this ipo. let's go to lauren. >> it is trading above $25. charles: thank you very much, lauren. let's get back to the egyptian government. they just announced that there is a one month egyptian emergency. we want to bring in john bolton. i kind of thought that the morsi thing was over with. >> clearly, the brotherhood has not given up on the idea of bringing morsi back. in many respects, the brotherhood has welcomed the confrontation that we see unfolding now. they want the military to crack down. a number of them look forward to becoming martyrs. i am afraid, over the last si

elizabeth macdonald is all over the next story.ittle bit after spiking yesterday. on the 30 year, unchanged. we will be right back. ♪ with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. help the gulf when we made recover and learn the gulf, bp from what happened so we could bear energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and w're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. pcentury link provides reliable yit services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. ♪ >> i am ashle

elizabeth macdonald. sabrina

elizabeth macdonald has the bottom line. liz: we have been tracking dozens of walkouts across the country and we have a map of about two dozen of them. planned walkouts in milwaukee, chicago, san francisco, l.a., san diego, indianapolis, tampa, florida, boston, new york city. they want $15 per hour. 15 is not even twice what they make, but they want the right to unionize, collective bargaining for higher wages in the future. the problem is the franchisees are run by mom and pop. if we are forced to pay wages we may have to automate your job, cut the worker hours, we may have to have kiosks or ipad to take your place. because these are basically entry-level jobs, they are not meant to be jobs for people who are parents. that is where the debate is right now. adam: you're the average age of people working in fast food i read it was 28, single parents doing this. on the other side the union behind the organizing effort says mcdonald's made billions and billions of dollars, that may be the corporate parent, not the franchisee. l

we will go to elizabeth macdonald. you have been breaking headlines all day. what you have no?ey have been going at each other all day long. we have been told exclusively is the new york attorney general pushed trump and his organization to settle the case for just $5 million over a defunct school inactive since 2010. they also say the new york attorney general apparently has said to the trump team that trump is a billionaire what is 5 million to him? write the check so he doesn't have the bad press in in trump says we don't dick -- respond to extortion or threats. this is a failure by the attorney general also telling fox business the new york state attorney general allegedly told the trump organization that this case is weak and there is no case there pushing forward with the lawsuit to appease people below him and the $40 million lawsuit right now donald trump is on his twitter account he is saying that you are weak and ineffective why don't you go after john course line for the 1.$4 billion of investor money still missing? what about wall street fraud that bilked investors

elizabeth macdonald follows the story next. the big bid into u.s.day wishing the 10-year yield 2.71%. back after this. >> i am adam shapiro with your fox business brief. all marked will offer health care coverage for same-sex domestic partners of u.s. employees beginning next year. walmart is the nation's largest private employer and more than half of the company's 1.3 million u.s. workers is on the health care plan. a federal judge has moved up a hearing on the bankruptcy instead of october 23. oral arguments will begin september 18 to determine if detroit is insolvent and if the city negotiated in good faith with its creditors. consumer satisfaction with american-made cars is slipping. scores for five of the eight domestic brands are down compared to scores for european and asian brands. that is the latest from the fox business network giving you the power to prosper. ashley: five days after a glitch literally paralyzed nasdaq stocks for three hours in all the u.s. markets, still no one has the answers on exactly why this happened. is this a case

elizabeth macdonald has been looking into it. >> while the administration has been reporting that the u.s. economy has been steadily adding jobs, a closer look at federal data shows that most of the jobs created this year were part time positions, and that trend has picked up speed. more than three quarters of nearly 1 million new jobs created this year were part time positions. in the first half of last year, more than half of the new jobs created were part-time jobs. now, along with the recession -- with the recession, companies increasingly blame the health reform law for the rise in part-time work. we're hearing that from dunkin' donuts, wendy's and forever 21. the trend explains why u.s. economic growth has been flat lining. more part time, lower paying jobs, decreases median household income. is the the u.s. consumer is 70% of the economy, gdp growth has been stuck. the federal reserve bank says uncertainty over washington, d.c.'s policy has raised the u.s. jobless rate. it could have been 6.5%, not 7.8% unemployment rate reported last year. with that bus uncertainty over what w

we're going to tell you what the bank told our own elizabeth macdonald today.t's coming up later on in the show. >>> united states stepping up preparations for a strike on syria after it finds evidence that the syrian government used chemical weapons on its own people. let's go to fox news' leland vittert in jerusalem for us with the latest developments. >> reporter: the war drums are certainly beating louder and be louder here in the middle east. often before we have a real war, we have a war of words which is what's going on right now. the syrian government pushing back very hard not only against the accusations of chemical weapons use which they deny, but shaying that if they are -- saying if they are attacked, they will launch counterstrikes at israel. the syrians have long range surface-to-surface missiles, obviously, they have a large chemical weapons stash there inside that country that could be launched. they also have significant air defenses at their disposal, and then also shore-to-sea missiles that have the ability to attack ships out in the mediter

elizabeth macdonald is on sources from nasdaq. what are you learning? >> i'm getting e-mails from traders. you guys are absolutely right, cheryl. we're trying to diagnose what the problem is. we're talking about tape c stocks, that of course is all the stocks listed on the nasdaq and small cap stocks as well the jinlt man caller you just had on is dead on. they're talking about, they're not saying this is the case. they're debating whether or not this equates back to what happened on january 3rd with the consolidated feed of steal securities data that popped up in that consolidated feed. so what we saw back then, this is only a 15 minutes flash freeze on january 3rd. you're talking now an hour and a half. the length of time of this flash freeze does make this unprecedented but what they are talking about the anomalies in pricing of some securities and delays in reporting of trades to the so-called consolidated tape. they're wondering if that is an issue. cheryl: that was something, liz, charles payne was discussing over here a moment ago. that is one mu

let's go to elizabeth macdonald who's been on this since the very get go. liz, what are you hearing? >> reporter: we're trying to piece together the tick tock of what happened, and here's what traders are hearing. they're hearing it was a software glitch, basically a computer malfunction that fed erroneous data into the main quote feed meaning the securities information processer. that is where all the prices for all the exchanges are derived. so when you have the data feed posting erroneous prices, then all the exchanges had to stop trading because those erroneous prices started showing up on the main data feed. again, the securities information processer. so what we saw, what we heard from traders throughout the day was tick tock is this, that the nyse's electronic platform, arca, picked up some problematic trades and started rerouteing trades away from nasdaq. then yahoo! took a dollar price plunge in and around 12:30. intel started wavering around 20 cents a share. so, again, we're hearing a software glitch. and you rightfully, liz and ashley, point out

stuart: elizabeth macdonald is here.stores from selling these cigarettes. why? liz: when something becomes popular you don't want proliferation to occur. why not ban city councilman? they are still smoking in bed in california with the town going bankrupt. e cigarettes work, they get people off cigarettes. stuart: exactly. we had them on yesterday, they get people off real tobacco. they get the tar away from them and this town will ban new source from putting it out there? >> we will get a multi-settlement out of the squander. stuart: now you were on "red eye" last night. he got some pretty positive comments on facebook. listen to this one. if intelligence makes a woman even more attractive, elizabeth is a supermodel. >liz: if dq was sexy, you would be people's man of the year already. stuart: you were andy leedy last night, you filled in and did that. you're going to again tonight? liz: i might, if they ask me to. i have been teased, they have teased me i was a virgin by popular demand. stuart: stop, stop, stop. liz: al

this is elizabeth macdonald bottom line.he joins us now. >> what are the options that the special committee is considering they are talking about joint ventures. the guy to watch here is the gentleman by the name of timothy. he has been appointed to blackberry. he is overseeing and running the special committee to pursue the options for blackberry. the thing to watch here is what will be his thinking on what to do with blackberry. it is a big deal for this company. they may want the mobile phone handset business. they would break themselves up. what would be the price tag for blackberry? we know that the stock is down. they would take a lot of cash to bring this thing private. they could possibly see a breakup of block very. split into two businesses or more. that is where it stands right now. this is a developing story. connell: even if blackberry becomes, i do not know if joe is the right word, there are components of this business that still has a lot of value. >> yes. it does not seem to have any kind of a business model

elizabeth macdonald is here. >> they can get a refund going back three years. a lot of money into the treasury. that is the issue. they have been paying taxes on health benefits, in heritages. you know what, the government should not be taxes during all of that. that is the argument forward allowing this. stuart: would it not make sense for a gay couple to go to a state, get legally married where they can, come back and live where they used to live and then read file their taxes going back three years. >> yes. that does make sense. there is a big fight that the president has overridden the states rights. the social security administration has said, still no benefits to same-sex marriages in the states that do not recognize gay marriage. that is interesting. stuart: federal tax benefits on a national basis. >> yes. that is where it stands right now. coming up next, your weekly highlight reel. ♪ ure miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken c

. ♪ ♪ >> i am elizabeth macdonald with your fox business brief. d.c.ing dialogue with virtual currency operators within the united states. global consumption reached a record high of 88.9 barrels a day. the first woman to become a member of the new york stock exchange has passed away. she bought a seat in 1967 after months of struggling with a male-dominated business world. she was 80 years old. that is the latest from the fog is this network. giving you the power to prosper. ♪ [ male announcer ] how do you get your boue? bounce is great because the freshness lasts for weeks in the drawer. why can't everything stay fresh that long? [ le announcer ] how do you get your bounce? [ man ] lasting freshness. [ le announcer ] how do you get your bounce? (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts withne login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like e

elizabeth macdonald and paul, thank you very much. appreciate it. >> thank you.ys equities will bounce back big before it year and. thank you for being with us darrell. the s&p saw 1460. it is now at 1660. where will we be at year end and talk about 2014. >> 1650-1700. we are at the low end this morning. we still think that there is room for expansion. i do not know many bull markets that and at a 14. a little bit of multiple expansion with a target of 1750 to 1800 at that time. dennis: this forecast assumes that the fed does what. >> certainly, we think that tapering is a little overdone. there is this great debate about september. we will see the july fed and its tomorrow. whether tapering happens in september or gets put off until december. tapering needs to happen. we are seeing better economic data. companies will parlay that into earnings growth. i think that will continue to be good for stocks. dennis: we go back up and then we go right back down again. we are barely holding on to the dow 15,000. i am personally offended by it. >> i think that it is still

elizabeth macdonald has the bottom line. >> they want about double the pay that they are getting rightto unionize. at fox business, we have been tracking potential protests across the country. places like the walking, indianapolis, san diego, san francisco, boston. one out of four of the workers are actually parents. yes they are college students. the fact that they are being paid just about the minimum wage. they are at or near the poverty level is getting them very upset. cheryl: there are decent protest going on. >> they have been behind it. the other side is saying, listen, if you do raise the wages for the workers, then you will lose jobs. these are mom and pop franchises that report profits back to the parents. cheryl: mcdonald's is one thing. look at a dunkin' donuts. that is a 100% franchised company. can they afford to pay this higher wage? if not, store closes. >> ipads could replace these workers. mom and pop franchises say we will just put an ipad in. cheryl: they have been struggling on the numbers. >> we see self bagging at grocery stores. cheryl: thank you very much. fox

elizabeth macdonald has that story for us. three of four new jobs are part-time?he household survey and it is a trend that has accelerated versus the first half of last year, more than half were part-time workers but the new jobs created. stuart: the left said it not so. the obamacare had no impact on the employment policies of america. liz: they haven't dug into what the federal reserve is saying, that in each of the beige book's release this year, health reform has been cited as the job market concern but this, reporting to the federal reserve, the chicago federal reserve, a philadelphia federal reserve, mercer consultant saying one in ten companies reporting to it i saying they will cut worker hours. one in five in the hospitality, meaning hotel restaurant retail will be cutting worker hours. stuart: i know that nbc of all people in washington d.c. the local station, they surveyed 20 employers and all of them said increase in part-time employment only. liz: even the harvard business review says the fastest-growing segment of the work force is part time. we have

elizabeth macdonald in the news from with the fallout from government spying. >> good to be with you. get really excited when i see hit any kind of lottery number. this is a real eyebrow raising study. it is basically saying microsoft, google, facebook, any company in the u.s. that uses computing is losing contracts in coming years because guess what, european and asian companies are capitalizing on the spying going on in the united states. here are some of the findings. one out of 10 of these companies have already canceled contracts with us-based computing companies, more than half, 56% said w they will not sign any contract whatsoever with us-based cloud computing companies. based in europe and asia. these guys are capitalizing the time of the u.s. spying program. a big official in the european unit says there are multibillion dollars consequences for american companies. if i was american class provider i would be quite frustrated with my government right now. the top german official in the german government, basically german interior minister says whoever fears that medication is

we have elizabeth macdonald coming up. we want to do a quick check on the market.beat the street today. >> it is all coming from overseas. i think this market has gotten too tired of getting this slow beat down over the last ten trading sessions. we are getting towards the end of the month next month. yesterday's fed comment did not really push anyone either way. connell: hanging and today off the highs. a massive worker strike planned for next week. >> they are looking for the rights to unionize. right now, in terms of following the story, we are watching them basically lied up the social media networks that say there will be a massive worker walkout next thursday. we're talking about possibly in 35 minutes. essentially, the average pay is around 15,019,000. the average daily pay $25,000 a day. we are expecting a big walkout next thursday. the franchisee's owners are also coming back and saying, hey, wait a second, we have to pay a big chunk of what we make. right now, connell, you will possibly see a major fight. they are under severe pressure to raise the wages

elizabeth macdonald is here with her bottom line. >> look at the number. 953,000 jobs created so farthree quarters of those jobs are part-time. you will see 731,000 jobs created. no surprise why the u.s. economy is flatlining at 1.5%. people cannot spend. it makes perfect sense. what we are also seeing is a san francisco federal reserve is also making note of this trend. we also have this memo from forever 21, this big retailer. this is a trend that we solved end up last year. now it is accelerating. ashley: you have people working two part-time jobs, but getting no benefits. the unemployment structure is changing in this country dramatically. the question is, will it ever change? >> it continues the pace. time and again, i am so struck by what the federal reserve says. the u.s. jobless rate last year would have been lower. san francisco fed is saying d.c. policy, d.c. uncertainty. wow. you know what that is, that is 2 million jobs. tracy: the uncertainty, i think you hit the nail on the head. if you just do what havoc they were. >> precisely. span you know. that is why you keep comi

nicole: elizabeth macdonald. a lot of people are still hot on jcpenney.e soros is still a backer. >>> we have fear over the fed moving to the backburner with the dow on track to snap a four-day session slide. my next guest says september taper is already priced into this market. joining me margie patel, wells fargo capital management senior portfolio manager. thanks for joining us today. we have had four days of selling. today we're bouncing back a little bit. you think the fed will taper at some point and it is already priced in. >> people are expecting the september taper to be small. the market hates uncertainty. how much will they taper? treasuries or mortgages? once that is clarified, market sis toed to do better, markets and stocks. nicole: bonds is your specialty for a long, long time. you received nominations for some great awards including fixed income manager of the year. you were nominated for that. let's talk about bonds. running up from two-year highs and selling a little bit today. what are your thoughts about bonds going forward. >> i think

elizabeth macdonald is here with the bottom line. liz: we were reporting that.months. the federal unwind of stimulus, they were in retreat hitting around $11.80 in may. depending on what to look at, so now what is resistance level for gold. the tapered it back down. it did point down. is the resistance 1420? you don't want to be day trading gold right now. we are at three and a half month highs, what happens with syria? will we see it up even higher for gold and a pullback if the problems with syria settle down. you don't want to be caught on the wrong side of the street. ashley: asked to begin to get focused on the fed and tightening up the monetary policy. liz: it was 15% for the year, so the bull market is 20% up, it is not in the bull market territory so be careful about getting in and dumping out gold right now. be careful with it. lori: thank you be at ashley: a quarter until, time for stocks as we do every 15 minutes. we are joined by good friend ben willis. still up 45 points, very much headline ridden again for so long we have been headline driven, seem

elizabeth macdonald has the names of big guns leading the trend. >> bears are out in force in the secondly interesting, you have been reporting this. apple has been on of wild ride, rocket ship ride up and down this year losing and then regaining 120 billion in market cap since january 11th. so that is amazing. broke down below 400 in may and in june. so when you see the year to date chart, it looks like and the cagey for heart attack patient. what is happening on wall street , let's look. you will see ubs, janice capital management, also fidelity unloading shares in apple. also chase and susquehanna. let's take a look. apple continues to be -- institutional investors favored holding perry began as a manager hundred million are more. but the manufacturers of the way down to ing. should be worth noting that these guys are also doing hedging. ubs sold 7 million shares, but they also bought the right or call to purchase nearly 6 million shares on the open market. ashley: is this a statement on tim cook? >> that's a good question. think it's a statement of what apple do to show that the grow

elizabeth macdonald has the bottom line. wasn't he recommending holding them back on and gold last month? >> confidence in gold is being rattled. they use it as a hedge against the dollar against currency debasement. it is names like david einhorn, cutting their gold holdings. we see them dumping out of spider gold trust. what we're seeing is essentially hitting levels we have not seen since february of 2009 off by 32%, so what wells capital trust advisors are saying is this is the armageddon premium coming off of gold, probably into september. the biggest annual loss since 1997 but it is spiking higher today. what we're seeing in the difference in paper gold trade versus demand for actual gold is up. the council report seeing demand still going like gangbusters in china, the middle east and turkey up double digits. seasonal demand coming in going into the fall for gold. two different storylines going on with gold. ashley: gold-mining stocks have done very well, but overall people are little bearish on gold up $25. on a infl

lori: elizabeth macdonald.to the next fed meeting in austria pays close attention we will check-in next. sponsors are geared up for the u.s. open and cheryl cassone has the previous. >> you mention sponsorships what about a sponsor 22 years straight? but you know, it is all about the beer and a food. we'll be joined by the director of defense in do not believe how much this costs. you will be surprised. a better deal than you may imagine in. opening day. fox business is life. [ male announcer ] imine this cute blob is metamucil. and this park is the inside of your body. see, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber. metamucil. when you do what i do, iyou think about risk. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum latility etfs. investments designed for a smoother ride. find out why 9 out of 10 large

media access group at wgbh access.wgbh.org >> your realtime captioner: linda marie macdonald >>> good evening, i'm elizabeth allen martin. new at 6:00 a major construction project to make streets safer for pedestrians has uprooted streets, sidewalks and sewers. the face-lift is turning into a huge headache for burlingame businesses. kpix 5's ryan takeo tells thank you the costly project is costing merchants -- tells us the costly project is costing merchants a lot. >> reporter: this is burlingame avenue and this is all that construction on the avenue. i talked to several businesses up and down this street that say they have seen business drop by one-third. alongside fashions upscale names is a pricy project itself. >> let's face it the sidewalk is costing me a fortune. it's a very expensive sidewalk. [ laughter ] >> reporter: major construction along burlingame avenue has cost the owner of copenhagen bakery big time. >> i'm afraid to actually calculate but i would say it's at least 30%. >> reporter: this part of the project started in may but is now almost a month behind schedule. >> needless to say we are

. >> your realtime captioner: linda marie macdonald >>> good evening, i'm allen martin. >> i'm elizabeththe search for sandra coke is growing more desperate. the federal investigator from oakland has been missing since sunday. mike sugerman says her family and friends are reaching out to the public for help and offering a big reward. mike. >>> reporter: liz, you're right. this tells you a lot about sandra coke and the case. $100,000 reward. where's that money coming from? from her friends's pockets. they just got together and gave what they could and the search continues. >> for anyone -- >> reporter: tanya coke is desperate to get her sister back. >> my sister is an incredibly devoted mother, sister, friend and coworker, which is why there are so many people here today. >> reporter: two dozen people in fact from around the country to help search for sandra coke, now armed with a reward for information, $100,000. >> we are remaining optimistic that she is being held someplace against her will but is safe and that she will be returned to us. >> reporter: 50-year-old sandra coke who invest

macdonald >>> breaking news tonight about the bart labor dispute. what it means for your monday morning commute. >> good evening, i'm allen martin. >> i'm elizabeth cooks get right to ryan takeo who is live in oakland with how bart was betting big that there would be no strike. ryan. >> reporter: high, elizabeth. good evening to you, hi, elizabeth. it's going to be a crucial next two days. we'll break down the next 48 hours for you now. now, tonight, both sides can continue to negotiate. and all day tomorrow with no limitations. but if they don't reach an agreement by sunday morning at 9 a.m., the governor is going to court in san francisco to request a 60-day cooling-off period. he can issue an order barring a strike if he decides that it will disrupt public transportation and endanger the public's health, safety or welfare. but this was not news the unions wanted to hear. >> we wish that the governor had not made an announcement that he was going to go seek for a cooling-off period because it would have been better if both parties felt the kind of pressure necessary to arrive at a deal. so we're hoping that in spite of both parties knowing that the

macdonald >>> has facebook finally figured it out? after an embarrassing start to its public debut more than a year ago, it jumps a symbolic hurdle. good evening, i'm elizabeth >> i'm allen martin. for the first time facebook stock passed its $38 initial public offering something the company struggled to do over the past year. today shares were up to $38.31 before closing before $37. what's behind the rebound? some point to facebook's new mobile strategy. kpix 5 reporter mark sayre says not everybody is so positive. >> reporter: allen, when facebook held its ipo, investors were already concerned that facebook users were moving to mobile devices faster than the company was moving its ads there. despite these recent results, some say the growth needs to be sustained. >> after all your hard work, facebook home is ready to ship. >> reporter: you may have seen this humorous commercial from facebook ceo mark zuckerberg rolling out the new facebook home app. >> you can always -- forget, work, come play! >> share with your friends. >> reporter: in the ad, a bored facebook employee is watching his friends' activities on his home screen rather than listening to his bo

macdonald >>> breaking news. only on kpix 5, mark your calendars. it now looks like the new bay bridge will in fact open on labor day weekend. good evening, i'm elizabethi'm allen martin. we're going to begin with a kpix 5 exclusive. sources telling us tonight, the date is all but set. the new bay bridge will finally open to traffic labor day weekend. christin ayers joining us from oakland with the information we have just confirmed. >> reporter: that information coming from some high ranking sources in the state transportation hierarchy. they are saying that the bridge will open on labor day weekend. that that opening will be contingent upon the vote of a three-person committee that will vote tomorrow morning at 10 a.m. to officially open the bridge on labor day weekend. they say that the governor has actually thrown his support behind a labor day opening and it's up to the committee which includes the head of caltrans and executive director of the bay area transportation authority and the head of the transportation commission to actually take a public vote that will happen at 10 a.m. and again that will be a formality at this point. they will officia

captioner: linda marie macdonald >>> in just the past few minutes, kpix 5 has learned the new span of the bay bridge could open much earlier than any of us expected. good evening, i'm elizabeth. >> i'm allen martin. we are going to begin with that breaking news about the bay bridge. kpix 5 has learned that the feds are giving caltrans the green light on a major fix for the bad bolts. here's the critical part. the approved solution could allow the bridge to open as originally planned just after labor day weekend. the news comes from the federal highway administration. the agency spent the last few weeks evaluating the idea of using steel shims to temporarily stabilize the structure. they are giving caltrans the okay to begin work on that project. as part of their findings, the federal highway administration wrote, we see no reason to delay opening the bridge to traffic prior to the shear key retrofit being completed. the ultimate fix for the bat bolds is the steal saddle that will hold the bridge in place permanently. that won't be ready until december. but today's word in the feds means the idea of opening around labor day is at least a possibility again. we expect to learn

macdonald crossing the new bay bridge span. good evening, i'm >>> it's now official! in 19 days, barring more complications, we will see cars crossing the new span of the bay bridge. good evening, i'm elizabethllen martin. mark your calendars. tuesday, september 3rd, is the day the new eastern span of the bay bridge will open. kpix 5's christin ayers brought us the news exclusively last night and what more are we learning tonight? >> reporter: we now know what some of the deciding factors were that went into making that decision to open the bridge over the labor day weekend. what finally persuaded the committee was a series of reports that came out finding that a temporary fix could be installed on the bridge and would make it safe to open by labor day. >> i would entertain a motion to approve that recommendation. >> reporter: in a matter of seconds -- >> i will make that action unanimous and labor day it is. >> reporter: --the vote was taken and it was official. >> we can just pause on that point. [ laughter ] >> reporter: the new eastern span of the bay bridge will open the morning of september 3rd after a five-day bridge closure beginning august 28. it's a project that has been beset by d