. >> my name is eric low, and i am a longtime resident, so definitely i am seeing the downturn of the street, and i really appreciate business owners such as susteren -- darren to bring entertainment back in a nice dining forum. i think issues of noise complaint should be put aside because of the fact that if you have a patio it is more of a dining experience and not a rowdy experience other people would like to see in the neighborhood. living down the street, i have experienced many different bars and restaurants that do not have patio's and find some more of a nuisance because people end up leaving the area and come out screaming into the streets. living in the alley where i do, i see that happen a lot. darren is very responsible, and when i heard those readings were taken on monday and tuesday, it is easy to see where you can go with them begins and always being a lot quieter. >> next speaker -- where you can go with the ambient noise the a lot quieter. >> one thing that bothers me about this case is that there have been a lot of restaurants in the area that have opened. they have

we have huge exposure to these and one of the things that really infuriated me, eric is we continued to allow these very low payment loans to be initiated and then guaranteed by taxpayers. haven't we learned anything, eric, about what went wrong in 2008 and 2009? >> doesn't sound like it. >> no kidding. here's the problem. these two organizations, quasi government as eric actually put it, they're responsible for about half the mortgages in this country. if they had been downgraded, that means for all of us who are going to buy a house in the future, and utilize them, we're going to get screwed! >> well, you could -- let's hope not but i think you could -- >> we're going to wind up paying more in interest. >> interest rates, yeah. i think that's exactly right. but you know what? that's probably necessary because we're under pricing these new home loans based on this idea that they'd be 100% guaranteed. you know, i never believed that the federal government should write 100% guarantee on anything. at least let's have banks have some skin on the game on mortgage originators so they are exposed to some of the r

warming you just can't make this stuff up now for more on what is wrong with eric cantor and these policies i'm joined by pat rock low he is the economic policy director at think progress dot org perhaps thank you so much for being here so explain this to me now i get the republicans want to make cuts you know they're trying to balance the budget when they're talking about making cuts to things like eight or nine and p.r. planned parenthood i mean agree with politically but i get how these could be little flash points for their followers but to cut from female and first responders in order to pay for a first response efforts that doesn't really make sense to me no it doesn't make any sense at all you're literally literally wants to cut fema to pay for fema the problem we have now is that down to its last legs it has about eight hundred million dollars it's bank account for disaster relief and obviously this storm caused billions of dollars in damages. cantor is now saying that that needs to be cut from somewhere anywhere the bill that he suggested was cuts to first responders but interestingly eric cantor in two thou

low. good wednesday morning. 5:30 a.m. i'm eric thomas. i'm kristen sze.topping the news, two suspects have been arrested in drive-by shooting death of 3-year-old boy in oakland. more arrests will be coming, and nick smith has more. >> reporter: not only will more arrests be made and they expect to have the case wrapped up. if you look over the shoulder, the people will continue to come out and show support for carlos. the oakland cops came out to peasant drive yesterday. two men were arrested in connection to their investigation of the drive-by shooting that took the life of 3-year-old carlos nava. carlos was caught in the crossfire of bullets picking up pizza with his mom. the senseless death of the little boy angered the community because of the brazen of the act, happening in broad daylight and busy international boulevard. oakland police have been working around the clock to find the suspects who fired the shot that hit the 3-year-old. oakland police chief anthony batts said people need to do more to cooperate with the police and the investigation. >>

low. so, you know, there are some positives out there. but, a lot of economists are saying there is not going to be a recovery coming, we're going down again. >> eric: you mentioned the interest rates, are low and that is a positive sign however, we are shifting into third gear, but we are slowing down and last year, a 3.9% predicted growth and now 0.04%, do you expect a double dip? >> i have to. i worry about it. unemployment is the key here and we are getting no income growth. prices are rising, that is about the only thing that has been rising and people can't get jobs and plus they were unemployed so long they are running out of benefits. so, the spending itself, which is the driver of our economy will be difficult to find and if companies are not spending, if, indeed, they continue to cut, as we saw in many companies last week, bank of america, just one of them, it will be difficult to come out of this. now, usually you see some sort of a recovery as you get closer to an election. especially when democrats are in control of the white house, because they want to see, they basically want people to feel good and it is usually the economy, stupid

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low. good morning, everyone. wednesday. we made it to the midm al of the -- middle of the week. thank you for joining us. i'm eric thomas. >> i'm kristen sze. two men will make court appearance in the drive-by shooting death of 3-year-old in oakland. police say more arrests will be coming. nick smith is live at the shooting scene at 64 and international. next? >> kristen, take a look at the memorial behind me that helps to paint the picture how moved the community was. sources tell us that two people arrested in pittsburgh are connected to the investigation of the drive-time shooting that took the life of 3-year-old carlos nava. he was caught in the crossfire bullet picking up pizza with his mother. the senseless death affected the community because of the brazen nature of the act in broad daylight on busy international boulevard. police have been working around the clock to find the suspects that fired the shots that hit the 3-year-old. >> the people may not like what i'm about to say. i really don't care. but it takes, it takes an animal to take a life of a 3-year-old baby on the street in the middle of the day

low 70s around big sur. near 100 in fresno and near 80 in tahoe. beautiful up there. eric? >> thank you very much.se police are saying a wide- -- santa cruz police are saying wide-spread vandalism spree could lead to hate charge. cars were vapidized friday or saturday. many had the tires slashed and six have swastika scratched in the paint. investigators are asking anyone who may have seen anything to contact the santa cruz police department. >> belmont police are warning residents to check locks on the doors after burglaries. there were nine incidents in the past week around el camino real and most crimes have taken place in the day between people aren't home. the thieves made off with jewelry and electronics and they got in unlocked cars to find garage door openers and break in homes. two men have been seen lurking in the area. investigators are trying to find them. iranian court is expected to announce sometime this week whether two former u.c. berkeley students jailed in iran will go free. it has been exactly two years since shane bauer, josh fattal and sarah shourd were arrested hiking on the

low once again. drizzle possible on the coast. flight arrival delays in s.f.o. this is the beginning. expect more from the weekend. >> good morning. 4:31 a.m. nice to see you. i'm eric thomas. commuters this morning again travel smoothly to the richmond-san rafael bridge. overnight, authorities did something to allow them to reopen a key section of interstate 580 even though a gunman remains holed up in a hotel off the freeway. terry mcsweeney has the latest on the tactic they're using. >> one problem solved and one continues. they still have a gunman holed up. you can see the fire truck there. the ladder giving police and other authorities to the roof of the extended stay hotel. they have been out on the scene for a while now but they have managed to make the situation safer for everyone. look at how they did that. a crane was rolled in last night. about 12:40 this morning it took a sheet of cast iron one inch thick and brought it up to the room on the second floor where the gunman has been holed up since yesterday morning. this is the gunman that has fired a shot. now that the one-inch thick piece of steel is there it's no longer a threat to anybody on 580. now ta

eric on twitter. have you tweeted anything lately? mike, how are you doing buddy? >> let's show what is going on outside as far as temperatures. low to mid 50s, mid to upper 50s for the rest of us until los gatos about 52 degrees. monterey bay, same type of temperatures, mid to upper 50s. highlights, more sunshine and cooling sea breeze that dropped our temperatures about 1-5 degrees compared to yesterday. kind of comfortable tonight. below average highs, they develop today and hang out throughout the weekend. check out how much cooler than average, 3 degrees in san francisco, oakland, 4. napa and redwood city, 8 and 9 degrees cooler than we should be for august 11th. sun will set about 8:09 tonight. cloud cover, they make a surge over the nicks hour or so, by 9:00 we'll see a little retreat in the east bay valleys. a stronger retreat from 10:00 to about noon around the coast. 60s, 70s and 80s as you head away from the ocean. san jose, 77. we could be near 80 in los gatos. 69 in millbrae, a little clouds and linger a little long are and low to mid-70s elsewhere. pat in pacifica and 60 in daly city. mid-60s in downtown to 67 in sau

low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure hh protein. ensure! nutrition in charge! . >> ericecret seal team 6 operation that killed bin laden. the new yorker magazine has an in-depth look at how the operation went down. including, a new claim about what the seal who shot bin laden said when he pull the trigger. why is this the first time we are hearing about that? liz trotta, fox news contributor joins us as she does every sunday with a commentary. good morning. >> good morning eric. >> eric: what about this new yorker piece? >> before we get to that. there's a lot of news about afghanistan this week. i would like to make a book recommendation. the name of the book is triple agent by the pulitzer prize winner for the "new york post." remarkable take leads the cia to an eastern base in eastern afghanistan. and blows the whole place up. i haven't finished it yet. i can't wait to. but it is a good read. now, the new yorker piece this is a these the current issue by -- it is called getting bin laden. let me give you an example of one of the quotes. here's the scene, after they sh

lowing social media background checks. another reason you and your kids better watch out, what you post online. all of that and much more. "the five" starts right now. ♪ ♪ >> ericright. the d.c. debt deal dominating the news. and rightly so. the country is or was on the verge. here is the deal. $2.1 trillion in cults. with the ceiling rise of $2.1 trillion in tramples. maybe twoin -- tranches. based on a panel, super panel if you will, with triggers. the good news is the spending cut by $2.1 trillion. the bad news, we're still overspending by $2.1 trillion. the good news is no news taxes in the deal. bad news is the democrats are still trying to see taxes in the deal. bottom line, tea party, game-changers. thank you, tea party. take the win and live to play another day. in honor of the tea party, we'll say thank you for a big, big old bag of tea. >> is that for real? >> eric: a big bag of tea >> kimberly: just for bob beckel. >> eric: a game changer, my friend. look at that thing. drop a tea party. they changed the rhetoric, changed the dialogue. >> bob: i'll give you that. they did it. i give them credit for bringing this thing up, which is going to be in my m

eric: today, he shouldn't celebrate. he is flying to chicago on rundraiser one. look, the economy is in shambling. stock market is rolling over. it's crashing. today we find out manufacturerring data is off the charts. lowandstill dead. unemployment comes out friday. we'll create a handful of jobs. it could cost us 9.5%. what is he celebrating? $40,000 to sit next to the president and have dinner? c'mon. millionaires and billionaires -- >> greg: c'mon. attacking him over having a birthday. i'm sorry. >> kimberly: he can celebrate his birthday but they were worried because a couple of fundraisers were on hold because he was having withdrawals. the last was june 30. the biggest one. look how much money he raised. $86 million in the quarter ending june 30. surpassing the millionaires he's running against. >> bob: if you don't mind me saying so, those who don't know much about politics. >> eric: why do you look at me? >> bob: the fact is i don't know of a single politician that doesn't use their birthday party as an excuse to raise money. there are more of those enviations going around washington. they could celebrate birthday at some lobbyist place so what is the big deal? so what? >> greg: what else will

low on friday. >>> the sky rocketing price of gold may be coming back down to eric at least temporarily. gold prices are going to go down about 8% next month, as part of a correction. on friday, gold reached a record price of more than $1800 an ounce. but they say gold could still go back up all the way to $2400 an ounce sometime in 2012. >>> cvs pharmacy is agree to go pay $2 million in fans to settle a lawsuit alleging it overcharged customers. the lawsuit accuses cvs of misleading advertising. the settlement does not mean the company admits to any wrongdoing. >>> a new york city ban on buying sugary drinks with food stamps is facing opposition. new york mayor bloomberg says he is disappointed with that statement saying restricting the purchase of sugary drinks with food stamps would help fight obesity. >>> for the third time this summer a huge dust storm covers phoenix, arizona. coming up the damage left behind and the clean-up effort that is now underway. and potential problems for the wine country. what is causing fewer grapes to grow on the vines this year. >> afternoon highs conti

eric? >> sue, thank you. >>> when we come back, lisa argen has a look at the weekend fofofofofofofofofofofofo >>> hi, everyone. this is it. volmer peak. lowuds and fog and mist and drizzle if you are heading to the bay area this morning. we'll get in to partly cloudy skies downtown. 59 in the city. 62 in san jose. a couple of troughs north of us are keeping us cool today. over the weekend. but then we have warming. 81 today in concord, so warmer for you in the east bay today. 76 in san jose. eric? >> all right. thank you, lisa. the news continues now with "good morning america."""""""""" ♪ that i can have this moment for life ♪ ♪ for life for life ♪ >>> a massive crowd has already gathered for our summer concert event with nicki minaj. tickets sold out, like that. we've got the best seat in the house. that's in our last half hour. expect to see a lot of pink out there in central park. >> and right here, i have to say. >>> there's no keeping up with you sartorially. i did my best. dry cleaning issue. lavender. i was shamed back in the dressing room but this is it. >> fashion, just makes your heart go pitter-patter. josh is with me because

low rate of violent extremists, 100 among three million american muslims suggests the american muslim population remains hostile to jihad ideology and violence. at a justice department press conference yesterday attorney general eric holder said, quote, the muslim community has contributed significantly to the resolution of many things that have resulted over the course of the last 18 months have received information that has been shared and critical to efforts to disrupt plots that otherwise might have occurred. muslim american communities across the country actively work with law enforcement officials from dialogue with eric holder to communities in minneapolis. recently to from many muslim american community members, two domestic terror plot including the times square bomber and northern virginia five. law enforcement officials depend on those relationships. a recent report by the muslim public affairs council stated information provided by muslim americans helped to foiled seven domestic terror plot and 40% of all plot since 9/11. 2011 study from duke university triangle center reiterated 40% of domestic terror plots that have been prevented with the aid of muslim american community. this cooperation with law-

low clouds and fog. more of the same over the next five to seven days. warmer into the weekend. ,,,,,,,, >>> welcome back to "the early show." i'm chris wragge along with nancy cordes, ericassignment. coming up, top banana at the box office this weekend. "rise of the planet of the apes" took in $54 million, about $20 million more than effected. it won over the critics and look at how the prequell combines super realistic animation with human actors. >>> also this is the time to enjoy the great outdoors and go camping. nowadays you don't have to build a fire and catch your own dinner. we'll take you glamping. you can commune with mother nature in a luxury tent with your own up. may not be trying that again any time soon, though. >>> finally video game sales are off this year, encouraging to fans of an older game still going strong in one u.s. city. here's anthony mason. >>> they're an endangered species this rare hodgepodge of fanatics, trying to score as many points as they can. >> you're playing defense and offense at the same time. >> reporter: noah davis remembers playing his first game at age 5. he's been hooked ever since. >> there's something that is physically sat