and elizabeth macdonald. rick are we becoming too dependent?this is a national tragedy for the blue collar employees. the core problem is we have a tax and regulatory structure punishing employers hiring blue collar workers. chevron is taxed at a federal and state combined rate of almost 44%. meanwhile, 30 miles away in silicon valley, google and apple with very few blue collar laborers, google is taxed at 10% combined and a it at 15%. there is a disparity right now that is great if you're a white collar skilled laborer in the economy but horrible if you're blue collar. i don't think the federal government rizes how it's punishing -- realize how it's punishing the companies. >> david: just before we started the program, you and i were talking about with were poor at one point and never would have thought about going to welfare. now middle class kids are doing this. >> the real question is in the question asked. yes, more people are going back to work. yes, food stamps are at an all-time high. >> david: isn't there something wrong with that? >>

elizabeth macdonald. sabrina schaefer. rich karlgad. 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 youook 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 ve 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. th

elizabeth macdonald. sabrina schaefer. rich

john tandy, rick unger, elizabeth macdonald, is a dryia schaefer. and the very people who fought

john tandy, rick unger, elizabeth macdonald, is a dryia schaefer. the very people who fought hardest for the re-election are the ones hurt the mostpy the policies. >> yes, they are. the research is clear. what is interesting is you must blame the obama administration. we have infinite wants and we get up to work to fulfill the wants. the only time economies are slow for extented period are when the government are putting up barriers to the natural ability to work. obamacare inhibits hiring hiring and government spending staffs capital. weak dollar drives away investors. that is what is keeping the economy down. the good news is if they reverse the policies, the economy will soar again. >> david: nice to know good news on the horizon if we do the right thing. why is it the very people this president is fighting the hardest for are hurting the most? >> what i like to say about this is it takes two to tango. i won't sit here and tell you the policies are working. the numbers you quote are accurate. things are not good for those people. president cannot

adam: rich edson and elizabeth macdonald, thank you very much. coming up, exclusive details from charlie gasparino on all of this. charlie is on the road right now, but we're going to keep with this story. >>king news today, the u.s. treasury says it will begin a third round of sales for its general motors commons stock, one step closer to its march 2014 deadline. as of september, u.s. taxpayers still own 7.3% of the company. shares of gm are taking some losses on that news. also blackberry is out at brick and mortar t-mobile stores. t-mobile will continue to sell blackberry devices online but will not stock them, this as blackberry officially puts itself up for sale. verizon and at&t will continue to carry blackberries in their stores. lori: house speaker john boehner urging republicans to be flexible in order to avoid a government shutdown, but can he keep his caucus together among the demands to defund obamacare? if he can't, my next guest says, quote, all hell could break loose. brad blakeman is a former senior adviser to president bush, and

lori: elizabeth macdonald, thank you for that exclusive reporting.e years later, the september 11 interview. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in

thank you very much, elizabeth macdonald.igh gasoline prices is not the only thing that americans have become used to. we are talking about high unemployment plaguing americans nationwide. will we fix it as a nation? joining us now is senior editor of fortune and fox news contributor. lawmakers in washington do not talk nearly enough. it has just been put on the back burner at the fact that we still have unemployment above 7%. here is the thing, that is absolutely right. there is also the long-term joblessness problem. we have millions of americans who have dropped out of the workforce. they are so discouraged. they are not even looking for a job anymore. developed nations like the u.s. face possible long-term unemployment even as an economic recovery takes hold. there is no focus. there is no sustained focus on really trying to do something about our jobs crisis. dagen: what will change that, nina? raise taxes, even a one-time tax, and in the government should spend that money to create jobs. >> that is right. then you get t

let's bring in our all and elizabeth macdonald and charles payne.ally. charles: this market did not want him in charge. it is not about whether or not he would have tapered. you have a guy who is not going to be dependable down the line. he said he would communicate better than greenspan. dennis: the issue is not that summers was a hawk, it is that summers can be a jerk. >> i have seen the headline constantly throughout the media. it should be about companies forward guidance. it is economic -- this has got to stop. cheryl: the fear of it itself is the bigger problem. >> enough already. the markets have always, you know, recalibrated and adjusted. the short-term rate is what is key now. the fed will telegraph it. cheryl: charles, what bothers me about this is i thought the markets were finally adjusted to the idea. now, we see the markets up. they are hopeful again that the throttle back is not coming. charles: i think the fed, whatever they will do, more or less made up their mind. by the way, i happen to believe that they will start to taper. >> m

more on the exclusive report elizabeth macdonald has been bringing you throughout the day on the fox business network, citigroup set to cut 2,000 jobs. this could be big for other players in the mortgage industry and we will talk about that coming up. the president turning syria into a waiting game. the ball is in vladimir putin's court after president obama's address to the nation, new developments there as well. less than impressed the day after apple delivered the new fingerprint technology of its iphone investors are selling off the stock. we will talk about why that is happening and happy holidays. we have a hundred days until christmas and they are already commercials running, kmart is at it and so we will be at it as well. we start out with markets now. demand good morning on september 11th. never gets any easier. connell: especially for people in this city which we will be talking about in a couple minutes. at the trading floor they have the special charity event. dagen: run now we want to bring you up-to-date on these markets, nicole petallides is at the stock exchange with

trading months of the year but more analysts point to a different kind of threat fox business the elizabeth macdonaldails of what the market should be very -- doing. >> what should be doing but one is more important to the market overall the syria or the budget or another debt ceiling fight and not health reform started october 1st not even a fight if the stock valuation is too high but it is all about interest rates particularly the speed with which mortgage rates have risen almost 1.5% points since may and that has already impacted new home sales which showed pretty bad numbers much of u.s. economic recovery depends on housing was one estimate showing housing made up of big 40 percent last quarter. the stock market and the bond market are down with the federal reserve will cause mortgage rates to go higher by scaling back on the menu printing to buy a -- money printing. they could decide to stop buying treasury bonds but they could continue to buy mortgage-backed securities. that move may help to keep the housing and economic recovery going. gerri: they give for that. wall street calls it smart mon

fox business' elizabeth macdonald broke the story. >> what is up is there was a sudden rapid spike highere rates but only 1%. so mortgages were at 3.5%, now 4.5. maybe hitting 5% by next year. but i'm just surprised that the level of job losses. 23,300 people at wells fargo, bank of america, jpmorgan and citigroup. the fact they moved so rapidly to lay off workers tells me something else is going on. >> neil: what is it? >> i think they're previewing a higher mortgage rate. next year. in fact that's what we're seeing in the action. >> neil: how high? >> it could be go back to what it was last decade. 2010, we saw 5, 5.5, 6 percent. remember 9, 10% in the 90s? 4, 5, is historically low but we did see applications for mortgages hit 2008 levels and refinancing hit 2009 levels. the banks are saying refinancing is key. there's a dropoff in refinancing that's hurting revenues so they're laying off. >> neil: have they ever been wrong, the correlation between housing swelling and the cursor with the mortgage businesses laying off people. >> i don't think they've been wrong. this is a typical boom

adam: elizabeth macdonald, thank you. lori: watch out, twitter, facebook is gaining on you.wing. a 50% increase since this past february when facebook purchased intinstagram. while instagram has not made much money off the service it has beefed up executive staff and rolling out the ads in the next year. adam: people making money down on wall street. nicole petallides on the floor of the new york stock exchange. nicole: here it is, $7.2 billion deal to tell you about, so we are taking a look at two names on wall street. a 52-week high on the deal. coke industries buying the company for this amount. coke is run by the billionaire brothers. the board of both of these companies have given approval, pending shareholder approval and the whole deal is expected to close by the end of the year. it remains headquartered in illinois. mention what they said coke has a variety of businesses including chemical biofuels and so much more. lori: costco, may think paper towels or drum size bathtubs of soy sauce. makeup artist joins us with why she is heading big-box shoppers are ready to go

bill: thanks, elizabeth macdonald, on that story.ns today about the effectiveness of a strike on syria. would it be enough to disarm and to degrade, as we have heard, assad enough that it would prevent any future chemical attacks? that's the big question here. or would ground troops need to go in to secure those chemical weapons? we'll be right back. bill: millions of american travelers might soon find their next trip to the airport a much faster experience. much and pleasant. the tsa will expand a program called, pre-check. that allows preapproved passengers to avoid removing shoes and belts and laptops before the screening. that program now expected in 60 more airports this year. it is already out there. martha: sounds good to me. look at this. this will not sound good to you. a 100 car pileup across the pond. police blame low visibility to early morning fog and wet roads. look at these people. no reports of any fatalities thankfully but about 200 people were hurt and eight of them were injured seriously we understand. you can see

. >> elizabeth macdonald.ork if you don't have it demand it. >> heart. >> a new report shows the housing market is getting stronger finally. according to the national association of realtors sales of previously owned homes jumped by 1.7% last month to their highest level since february of '07. before the start of the financial crisis. still analysts say rising mortgage rates may be restraining any kind of solid rebound in housing. freddie mac reports this week the average rate on a 30-year fixed loan is up by more than 1 percentage point from may. >>> we're also learning more americans are filing first-time claims for unemployment benefits. but we're still near the lowest levels in nearly six years. a sign that fewer workers are getting pink slips overall. jobless claims up 15,000 last week according to the labor department. but keep in mind, people who are fortunate enough to have a job are actually earning less. a top research firm reports household incomes have dropped by more than 4% since the official end

elizabeth macdonald is here. she says there is a problem. >> there is a big problem. the process potential. they are mostly. insurers. they have big government exposure through medicare and medicaid. there is a mixed picture right now. >> if i cannot get health insurance, i go to one of these exchanges. if the pig insurers stayed out, that would seem to imply that maybe i do not get the range of choice. >> some states, you only see a few. it is a whole year where people could be getting these plans and we do not even know where they would be. stuart: it is a mess. i am sorry. it is a mess. he admitted the administration has been calling him. got to get back to apple. even though the dow is up 130, apple, i think, nicole, is down today. nicole: everyone waited for the release of the new iphones. really, since then it has been a real downer. stuart: my how times change. charles: i said do not touch it. stuart: you are close. charles: close, but we have to make a stand. stuart: it will be perceptive of more disappointment. give me an english accent. charles: i cannot rig

dennis: thank you very much elizabeth macdonald. cheryl: time for your west coast minute.ed a measure that would raise the minimum wage to $10 an hour in 2016. governor brown promises he will sign that measure into law. let's stay with the legislature on another issue. allowing illegal immigrants to apply for driver's licenses. california has the nation's largest immigrant population. they have been pushing for a bill like this to pass. an update on the honolulu harbor molasses bill we told you about earlier this week. the department of health is warning. valassis does not harm humans, the amount of fish dying means sharks and other hungry predators may swarm the coast. dennis: the television networks making big bucks from netflix. ♪ our long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a diffe

elizabeth macdonald is with us. it is not her birthday.we talked about at the top of the show. can you add anything to this list? >> if you cannot tell how much your insurance plan will cost, how will that affect the credit also? stuart: i have called this a glitch. i think it is more than that. train wreck comes to mind. you are supposed to sign up. you cannot get a price. it seems to me to be ridiculous. some of the states had three insurers or five insurers. not enough. this is a rocky world right now. stuart: i also think that the democrats would like to see it a lathe for one year. i have to ask you about food stamps. cutting 4 billion a year from the program. the bill represents a shameful attempt to kick millions of families in need off food stamps. what do you make of that? >> the echo chamber is really going full blast. they are painting it like scrooge mcduck. it is about bringing it back to pre-2009. stuart: if it just takes you back to 2009, why did it only get a seven-point majority. >> it seems to be working. stuart: i never

elizabeth macdonald has the bottom line.of their partners at the wall street journal. >> he has got to make it past the senate banking committee first. all fed nominees have to get past the senate banking committee first. three top democrats and wall street journal may oppose his nomination as fed chair come this september. what we're seeing is elizabeth warren of massachusetts, jeffrey berkeley from oregon, likely expected to oppose. here is the bottom line. democrats have a slim two vote majority on senate banking. of the can't get those three to back him he is finished. it will be impossible for him to win the nomination and get through basically senate banking because we don't know if the president will waste political capital on a been a senate banking fight to resurrect his negative comment about women when running harvard university. and the repeal of glass-steagall saying the crisis was unforeseeable and supporting too big to fail banks. and the talk is janet yellen or larry summers. dagen: with the president would g

elizabeth macdonald is following this.abor guys want with this closed door meeting in the white house today? >> they want the same tax breaks, the uninsured will get if they have their insurance in the healths exchanges. the unions want the tax breaks. stuart: a tax subsidy. >> tax subsidy. stuart: they don't get it now and exchange people get it, but they want it. >> they want it. and they've got-- a union has a delay in the cadillac tax until 2018 and won that in 2010. three problems with this, it's against the law. the health law says-- that's right, guess what in the health reform law says the tax credits are meant for unsured in the exchanges not for those who already have insurance. stuart: you could change that law. >> they have been doing wavers and more than a dozen or so. stuart: richard trumka is going to say you don't change that law, don't get the money and manpower in 2014. that's what he's going to say. >> that's what he's going to say and undercuts the reason for unions because they bargain to get great ben

elizabeth macdonald is with us.teve ballmer just made an important forecast about the merger. >> he set that to break for this unit, it has to sell 50 million smart phones this year. that is about what apple sells and one quarter. to get to the 50 million, it will be a tough ride. stephen used to be at microsoft. microsoft has put out an e-mail. let's take a look at what steve ballmer is telling his workers. he is saying that the gnocchi of when the phone is the fastest in the smart phone market. microsoft took that billion-dollar charge it also needs an application. this merger still had a lot of homework cut out for it. whether they can deliver and pose a smart phone competitor to apple and samsung still remains to be seen. dagen: thank you. great to see you. rob, microsoft with its partnership with no kia has been able to gain some market share. i guess you can take a little bit more away from blackberry. >> there is definitely a shot. apple is weaker than they have ever been. apple is having a dispute with googl

let's bring elizabeth macdonald and. this is, well, people followed this. not seen this big of a change in quite some time. >> the dow would be of nearly 560 points if those three stocks have been added on january 1. here is what we heard from the index managers. they are saying that changes are prompted by low prices. they wanted to make these changes to diversify the dow. the changes will not affect the level of the dow index which is up 50%. they made some real eyebrow raising statements on the conference call this morning. they did consider putting google and. they thought that would completely distort the index. i asked them why nike. they said they wanted to diversify the consumer index. the fact that they are talking about knocking out the three lowest price stock, ge is still the longest running stock in the dow. big changes coming to the dow jones industrials today. connell: thank you very much. more from liz throughout the day. dagen: the motion picture and sound recording industry lost 22,000 jobs in just the last month. jeff flock will tell you

elizabeth macdonald is here and she has crunched the numbers.t can you tell us about the price that people are going to pay for the mid level plan. >> the silver plan, $328 a month that's for 70% of your costs covered, right? but action is in the deductible. the action is in the co-pays, stuart. when you look at the different states, it's california. wow, look what's going on with california. if you're a young person, you want the bronze plan, you're paying a $5,000, that's a whopper, that's the silver plan, mid level, that's the silver plan in california looking at right now. it's at $2,000 deductible. right? but then they have higher co-pays and the coverage for the silver plan is going at 70%. for the bronze plan in california, a whopper, $5,000 deductible and 60% of your costs covered, stuart. stuart: and plus co-pay visits to the doctors and up the wazoo. >> we're back to the old styles 1990's hmo plans and restricted number of doctors and choices, this is what it is, it's a 1990's version of the hmo's now in the state exchanges. stuart: li

elizabeth macdonald. liz: really embarrassing nasdaq lost oracle.the nasdaq has intel, cisco, apple, microsoft, adobe. but coming up with really strong tech names like linkedin, pandora and yelp. but for twitte twitter this coue the new home. tracy: davis, would you be nervous going public? david: you have to be careful what you wish for. twitter might turn out to be as much of a disaster as facebook. they may go through that whole problem again about pricing. >> one disaster is all my gosh, ipo stock down, not up. the other disaster what i wanted to trade the stocks, i was unable to trade it at all. that figure is why they will not get twitter. charles: the new york stock exchange gets twitter, they will be happy like somebody hitting the lottery. you were able to other convocations later. mastectomy is a change in leadership. no doubt about it. somebody needs to sit down and say we might need a new guy. at the very top. this will be the final straw in my mind because nasdaq was synonymous with one thing, the hottest technology stocks always listed

our own elizabeth macdonald has more. >> tracking this developing story to read the day, the health andnistration says douglas will be cleared up by the time -- january 1st, meaning into yemen summit dec. design of these exchange policies. it will iron out hopefully. basically the tax credits, how you calculate that, if for the coverage. now tell you something. they were worried about this glitz, worried their answers would say we need to have consumers in the exchanges. didn't know what the pricing will be, that will scare away consumers. the exchanges to be a problem if you don't have enough people. with what is happening with some people and seers and trader joe's, companies like that shifting workers into the exchanges, that could take care of the insurers, the concern, they are worried about the failure of the exchanges. but now we see companies like deasy right here. walgreens, the nation's biggest surge in. and trader joe's, it's a big deal. we have an e-mail and there. talking about the fact that that tax credits in these changes make the insurance plans in those exchanges a bet

elizabeth macdonald has the bottom line. >> these other cities where protests are being staged todayf the biggest walmart protest since the black friday protest staged against walmart. the union groups and activist groups and workers are saying walmart should pay an annual $25,000 in salary to workers. walmart is saying, listen, we give pay plus benefits. reinstate the workers who allegedly were fired after they protested in earlier actions against walmart. they are also saying reverse the 80 disciplinary actions against these workers. they are saying they filed 100 actions against walmart. we will be tracking this story throughout the day. dagen: unions try to boost their membership. thank you so much for that. president obama saying he did not set a red line when it comes to syria. the world did. donald rumsfeld does not agree. >> this president has tried to find a way to blame everybody or anybody for everything. leadership requires that you stand up, take a position, provide clarity and take responsibility. i cannot imagine him saying that he did not draw the red line. he did dra

cheryl: elizabeth macdonald is coming up. dennis: and it is what is bugging me, tesla stocks.cheryl: top of the hour. we have stocks now and every 15 minutes. nicole petallides. what a day yesterday. nicole: it really has been an exciting 24 hours. we saw the markets moved to record all time intraday highs. they have since pulled back. the nasdaq is trading at levels we have not seen in 13 years. the truth of the matter is, we have a really tough economy. when we talk about housing, we got into housing numbers. i wanted to show you some construction stocks. you start to see some of these names all on the move to the upside. you can also see beacon roofing and james hardie. back to you. cheryl: thank you very much. breaking news for you. president obama just wrapping up a meeting. joining us now from the white house in a fox business exclusive, council member and founder ceo. robert, it is good to have you back on fox business. >> thank you. good to be here. cheryl: there was more weakness in the dollar yesterday. this makes the work just a little bit more challenging. did you

connell: thank you very much a lot to cover this hour including more on the exclusive report elizabeth macdonaldoughout the day on the fox business network, citigroup set to cut 2,000 jobs. this could be big for other players in the mortgage industry and we will talk about that coming up. the president turning syria into a waiting game. the ball is in vladimir putin's court after president obama's address to the nation, new developments there as well. less than impressed the day after apple delivered the new fingerprint technology of its iphone investors are selling off the stock. we will talk about why that is happening and happy holidays. we have a hundred days until christmas and they are already commercials running, kmart is at it and so we will be at it as well. we start out with markets now.

elizabeth macdonald is here with the details. >> and probably does hurt the stock.ear. that is not great. jpmorgan chase, remember last march the federal reserve that you pass the stress test. listen, you have problems with that stress test. you have to come back and resubmit your dividends at the end of this month. that is why the bank is telling me why they are also beefing up eternal controls. last month, they only did half of what they did last year. the fact that they have to come back to the federal reserve and say, listen, we have better capital plans -- goldman sachs has to resubmit their plans for the end of the month. what is going on with jpmorgan chase is across the board. look at what a citigroup executive told me. we are locked in endless meetings about meetings and meetings to discuss meetings with federal and state regulators swarming over us. [laughter] tracy: they do not even know what they want. this is crazy. re- issuing numbers. this is crazy. these guys know what they are doing. >> correct me if i am wrong, they have to answer to a lot of diffe

elizabeth macdonald with the bottom line. these are the big exchanges nine years or so. liz: laurie is having separation anxiety. lori: can i take a moment? i need a moment because alcoa is the symbol of american capitalism, the symbol of our industrial strength in this country, the company kicks off quarterly earnings season four times the year, it is a bellwether, a symbol. ashley: used to be. liz: levels it was creating and if it moves 50%, at most 50% higher, 50% move in and out cowell swing the dow, 38 or 40 points. liz: you're just saying. and also, i hear exactly what you are saying but the committee didn't agree so what is angeles's saying, it was the low stock price. and the desire to diversify to the dow is behind the decision. and changes won't affect the dow 15%. and those stocks that coming in the beginning of the year the dow would be up 560 points. and they considered eight changes to the dow jones, and they felt they would completely distorts the dow given the size of the market and why nike? they wanted consumer goods company. and i tell you something th

adam: elizabeth macdonald is here. i imagine it will be like when they allowed lawyers to start advertising. >> they do not have to go public. they do not have to file public filings with the sec. i do not think you will see the blimp flying over capital stadium. a lot of these hedge funds already closed. the problem people are talking about is, you are telling these guys to self police. the little startups will have to self police. they also have to file disclosure filings. this means more sec, and no, cops watching the little startups or the capitalist or the hedge fund guys. private offerings caught three times money is raised. there has been objections to this. carl levin does not like what the sec is doing. it is as if they are jumping out of the airplane and forgetting to check the safety of the parachute. adam: we see the claims that some of them may make. >> exactly. truth in advertising. adam: thank you very much. lori: a third session of losses. we have phil flynn in the trading pits of the cme. >> you would

ashley: e mack, elizabeth macdonald. thanks so much. >> thanks.become a law firm. still to come this hour, home prices haven't jumped this much since 2006. s&p's david blitzer weighs in whether that is good or bad for housing. ashley: time is running out to stop the government shut down. maya mcginnis says it is diverting them from more critical issues in the country. she is our special guest straight ahead. as we've been mentioning oil again is moving down. bringing down the average price after gallon of gas. that is good news. down below $103 today. we'll be right back. [ male announcer ] imagine this cute blob is metamucil. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why set

elizabeth macdonald is all over the story next.look at how the dollar, and we heard at report on the disappointing jobs report, take a look at the dollar trading against major trading partners. we are back after this. ♪ [ villain ] well mr. baldwin... it appears our journey has come to a delightful end. then i better use the capital one purchase eraser to redeem my venture miles for this trip. purchase eraser? it's the easy way to erase any recent travel expense. i just pick a charge, like my flight with a few taps, it's taken care of. impressive baldwin. does it work for hotels? absolutely thank goodness. mrs. villain and i are planning our... you scare me. and i like it. let's go what's in your wallet? like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and t

elizabeth macdonald has more. >> and you strip around th commk away the politics.e exchanges. aetna and cigna and united health so big multi-employer plans to companies not to individuals so they are taking a wait and see to see how they can make money in these public exchanges and trying to see what kind of individuals are going to be in there. there are a lot of unknowns of what the needs will be for these individuals in the state exchanges. connecticut only has three insurers in the state exchange. there is limited choice, but this is the way it is going to be. a shakeup until they figure out how they can make money, and then they can come into the exchange. what if they don't is a big deal because aetna says they don't like the way the prices are going for these exchanges. aetna can say we will not play, we will not be in there. see how the smaller insurers and they may not have the bigger network of hospitals or doctors to choose from so you are going to have a limited choice in the state exchanges and that is not so great, right? so what happens is the presid

captioning sponsored by cbs >> your realtime captioner: linda marie macdonald >>> good evening, i'm elizabethartin. >> new at 6:00 transforming an old rotting structure back into the official home for the uc president. tonight, this bay area mansion is on track for a contentious multi-million dollar makeover, blake house has been empty for five years and kpix 5's phil matier is live at uc-berkeley with why it will cost 6 figures before a single fix is even made. phil. >> reporter: amazing, isn't it? a far cry from where you stayed in college. but if you're a uc president you get some digs. take a look. tucked away in the berkeley hills the official home for uc presidents has it all, breathtaking views, ten acres of gardens and a coy pond out of a french chateau. but one thing it doesn't have is anybody living in it [indiscernible ] through the roofs, leaks in the roof, cracks in the walls from earthquakes, rat traps in the basements. >> reporter: the bathrooms need to be renovated. and the security needs to be updated. >> it's estimated that if it were going to be fully renovated and everythi

realtime captioner: linda marie macdonald >>> from one bridge shutdown to the next, a bay area landmark is next up for a major face- lift. good afternoon, i'm elizabeth wenger. frank and michelle are both off. we'll get to that in just a minute. but first, we're watching some developing news. we now have 911 recordings of the shooting at the washington navy yard where 12 people were killed. >> we had a report on the fourth floor a male with a shotgun multiple shots fired, multiple people down. >> we have conflicting reports about the scene security. we're sorting it out now. >> and today two days after the massacre, the mother of shooter aaron alexis is speaking out. cbs reporter danielle nottingham has more on her emotional apology. >> reporter: aaron alexis's mother is speaking for the first time. in an audio statement, kathleen alexis said she doesn't know what drove her son to open fire on coworkers at the washington navy yard on monday. >> i'll never be able to ask him why. aaron is now in a place where he can no longer harm to anyone and for that i am glad. >> reporter: alexis had a history of mental health problems. a friend says he was someti

macdonald >>> did bart make a bargaining blunder? the negotiating strategy that may have back fired. >>> good evening, i'm ken bastida. >> i'm elizabethw at 6:00 tonight, kpix 5's phil matier on why some bart board members are second- guessing their bargaining strategy that has led to a stalemate. phil. >> reporter: that's right. and a lot of people are nervous who have to use this system every day to get around the bay area. here's the story. [ beep beep ] >> reporter: as the negotiations aimed at averting a second bart strike resumed, at least one board member is saying, enough is enough. >> in the hope that the other side was going to be reasonable that if we made leaps they would make leaps as well, it's not true. >> reporter: if you think of negotiations as the two sides along a stretch of bart tracks, they are still miles apart. when talks began, bart was offering no raises plus asking workers to pay more into retirement and healthcare plans for a savings they estimated of about $140 million. in an effort to prevent the four-day strike in july, however, bart went from no raises to an offer of 8% raises over four years. now with

macdonald >>> from furloughs and cutbacks to this remarkable turnaround. many bay area governments now hiring again. good evening, i'm allen martin. >> i'm elizabeth cook.00 tonight our brian webb is live in san mateo county where the help wanted signs are starting to pop up all over the place. brian. >> reporter: it seems like cities and counties across the bay area are back to hiring so when you pick up an application, there's an actual job waiting on the other end now. so how long has it been since san mateo hired this many people? longer than carol groom has been a county supervisor, that's over five years. what does it feel like to hire again? >> well, it's good because we're going to get some people that hopefully have been unemployed or this is a better job. >> reporter: the county will fill 207 positions over the next few years with a voter- approved tax. most will go to the new county jail for women and to handle obamacare officially these positions considered temporary. but long-term, who knows? >> if they are successful in the county there may be a future for them. >> our job growth is beating the national avenue, our wages are beating the na

macdonald >>> the america's cup and orange world openworld causing san francisco to be booked solid. serious sticker shock if you find a room. >> i'm ken bastida. >> i'm elizabethk. new at 6:00 mike sugerman with the jaw-dropping hotel prices during one of the city's most bustling weeks. mike? >> reporter: liz, they are calling it a 100% occupancy and that doesn't mean every room is booked. i can get you a room because some hotels overbook. so it comes to 100%. you want a room? i can get you one. i'm not getting you a deal, though. 60,000 people in town for oracle world and hey, there's a place to stay right across the street. the "w" hotel. they got one room. $729! a night!! >> reporter: san francisco has plenty of hotel rooms. >> hello, hotel diva? hotel griffin. hotel vertigo. >> reporter: san francisco is virtually booked. unless you don't mind being taken to the cleaners while going to a hotel. four seasons. $745. you could pay more. that's the lowest price. >> it's the quality of the hotel, you're still paying over $500. >> reporter: mark from london is playing that for the prescott with his pal tony from scotland. they got here early and got a deal sort

macdonald. >> i feel like i'm in a nightmare. >> for the first time we hear from the best friend of the dodgers fan stabbed to death. good evening, i'm ken bastida. >> i'm elizabethmark kelly is following the investigation but first to fort bragg where joe vazquez talk to the victim's friends. >> reporter: the town of fort bragg is still stunned. it can't believe the guy they knew as a fun loving life of the party is gone. and friends of his refute what the other side of the fight what those guys are saying. >> he is not a bad guy. he wasn't one to start something like this. >> reporter: anna keller realized her best friend is never coming home. >> i feel like i'm in a nightmare. [ crying ] >> i just want him to walk through the door. i can't believe he's gone. [ crying ] >> the whole town, feels like there's a silence. >> reporter: many who didn't even know him are mourning a 24- year-old who grew up here worked at the plumbing shop, ate at the local deli. now his neighbors are trying to come to terms with this. >> this is a tight-knit community and this is very tragic. we take it to heart. >> from what i understand, they weren't the agressist. the other people