here's a look at the numbers: ford's profits fell 45% to 39 cents a share. still, that was four cents better than analyst estimates. in europe alone, ford lost $149 million in the quarter. so how much longer will europe be a drag on ford's sales? here's what c.e.o. alan mulally told us: >> it's hard to tell right now clearly because it will be dependent on how the economy recovers. we are though very pleased to see the leadership of europe working very together on what we can do on fiscal and monetary policy to enhance the economic growth in europe again. that's the most important thing for all of us. >> susie: here in the u.s., mulally says he expects to boost production as consumers look to replace older, less fuel- efficient cars. but investors were not as optimistic. shares of ford fell 2% to $11.60. for more on ford and alan mulally visit us at nbr.com. you'll find an interview with "american icon" author, bryce hoffman, on how the automaker made a major turnaround in the midst of the financial crisis. it's in the "features" section of our homepage. >> t

. >>> and ford says revenue fell sharply because it is having a hard time selling cars in europe.urope is inch bigger trouble than we are. great britain slipped back into recession this week. chevron in the east basis they earned 6.4 billion in net income. apple in the same quarter net brought in 11 billion. back to you. >> apple is never easy to keep up with. scott, thank you very much. >>> meteorologist christina loren is tracking a nice weekend in store for us. >> yeah. you know what, it is festival season around the bay area. eggs and butter parade in pat a lum a, and weather will be fantastic up there. we're getting spectacular sunshine, even san jose. what you'll notice about this picture, you don't see a lot of haze in the atmosphere. we have good air quality. that's a result of showers that came through yesterday. that helps the weatherbug. 69 in oakland, of the in redwood city, we're going to see a gorgeous afternoon. temperatures drop like a rock when the sun goes down. as a result, we're talking 58 degrees, breezy conditions as the giants take on the padres tonight at 7

at 3:30 p.m., ford and mulally walked in, and the room fell silent. ord explained that he was resigning as ceo and introduced mulally as ford's new chief executive. as he talked, all eyes were on mulally. he did his best to smile back despite the growing intensity of their stares. he had never felt so scrutinized. mulally thought about shouting, boo, and then telling the serious-looking executives, don't worry, it's going to be okay. but he restrained himself. mark fields eyed mulally's outfit. he's here to meet the press, and he's wearing a sports coat, the dapper executive thought acidly. well, this is going to be different. fields' first impression of mulally was that he was a little bit corny, and he was not the only one. mulally's farm boy nearby surprised many in the room. he doesn't look like he'll be a hammer. he'd gotten the news that morning and googled mulally before heading over to bill ford's conference room. banister was hoping for somebody with a bit more gravitas. he was fed up with the infighting and thinking of quitting. he liked mula

ford's private conference system. the overseas were listening in on speakerphone. they walked in and the room fell silence. ford explained he was resigning and introducing mulally as the new chief executive. as he talked all eyes were on mulally. he did his best to smile back, despite the growing intensity of their stairs. he never felt so scrutinized. he thought about shouting boo. and then telling them the serious looking executives. don't worry, it's going to be okay. he restrained himself. mark field eyed mulally's outfit. he's here to meet the press and he's wearing a sports quote. this is going to be different. field's first impression was that mulally was corn any. he was not the only one that felt that way. the farm boy demeanor surprised everyone the room. he got the news and googled him before heading to the conference room. he was hoping someone. he was thinking of quitting. he liked mulally but wondered if he was tough enough. mulally seemed more like a politician to mark schultz who was put off by the back slapping and arm squeezing. why did you leave boeing? this is another opportunity for me

night massacre where schlesinger went to defense and was appointed by nixon and then when nixon fell, fordept him on for short time but the crowd around four comer rumsfeld, schlesinger, cheney, kissinger, scowcroft, i think they saw that my father was giving away too many secrets of the cia which you didn't need to do at that time. c-span: one of the issues are of vietnam is a man on an named diem. what role did he play in your father's life? >> guest: ziem was in the early 50's and 60's and his brother were catholic. they both controlled the country very strongly, very eerie parallels and my father was tasked as the head of the cia station to be in constant contact with the special forces who was really kind of a fixture in the strong and of the relationship with his brother, and things started to unravel because we started with a pacification program earlier. counterinsurgency and all, and it seemed to be working. but then the american military got impatient with special forces being used in a sort of advisory role and building villages. they wanted to go out and fix and kill the enemy,

ford's credit rating has been raised up from a junk. home prices fellebruary, but at a slower rate. 351 small banks face trouble in paying back the money they borrowed through the bailout program. bay of $15 billion. passengers say 6a is the best seat on the airplane, a window seat, not close to the toilet. and 31e is the worst. >> thank you. >> let's check on the commute with lisa baden. >> i was thinking eastbound 66 would be the worst, waiting in line to get around an accident. newschopper 7 will show you. eastbound traffic is backed up over two and a half miles to get through manassas. traffic stay to the right to get by. in maryland, we will go live to the outer loop, not so bad. we are waiting from 95 past colesville road and around to georgia avenue. work with me, adam caskey. >> it is cold this morning. you have to turn the heater on in the car this morning. it will warm up nicely this afternoon and tomorrow. it will get unsettled. we could still use a little more rain to put a dent in the rainfall deficit and the drought. that's tomorrow. let's

brief the vice president, long time intelligence chief who served as president of ford ashraf khalil -- hosni mubarak fell. he said and mispronounced the muslim brotherhood several times. he also said he would tell the protesters to go home and tell the parents to come and get them and take them home. i did a radio interview that night with an american radio station. they mentioned that quote to me. that is hilarious. i just came back, and i was talking to somebody who was there with their parents and grandmother. that is not going to fly. he is dealing with something much more than irresponsible, reckless youth here. >> i think it will be interesting to see how the demographics of the protest movement change at all going forward. we have a question here in the back? the gentleman? >> thank you. you started the question -- conversation with economics, and we have not touched on the current economic problems as well as the insecurity police have. i was wondering if you could address those issues. a few. >> those are going to be the biggest challenge is in a new government for them to deal with. and economi

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team caught his foot on a rug in the school's athletic facility and the water ford crystal trophy that the crimson tide fellh about $30,000. no word if it was insured or not and the school is going to have to pay to replace it. >> oh, my god. who is the parent? >> let me say something by the way. i talked to my dad yesterday who lives in alabama, a life-long alabama football fan. he said it's the front page of the newspaper and it led all of the news yesterday, how they shattered this trophy. >> oh, my god. >> bill, you were there. it was all about smoke at the whitehouse yesterday. president obama continuing his tradition of welcoming sports champions to the white house. yesterday, it was nascar series champ. tony stewart, flanked by the top 12 drivers and two number 14 chevy impalas. the president took time to thank nascar drivers for outreach to the facility families and they are up at billpress.com. >> nice work there press. doing good work. >> another name popped up for the white house correspond events, the hill reporting stevie wonder will be there as a guest of american urban network. he was last th

brief the vice president, long time intelligence chief who served as president of ford ashraf khalil -- hosni mubarak felle said and mispronounced the muslim brotherhood several times. he also said he would tell the protesters to go home and tell the parents to come and get them and take them home. i did a radio interview that night with an american radio station. they mentioned that quote to me. that is hilarious. i just came back, and i was talking to somebody who was there with their parents and grandmother. that is not going to fly. he is dealing with something much more than irresponsible, reckless youth here. >> i think it will be interesting to see how the demographics of the protest movement change at all going forward. we have a question here in the back? the gentleman? >> thank you. you started the question -- conversation with economics, and we have not touched on the current economic problems as well as the insecurity police have. i was wondering if you could address those issues. a few. >> those are going to be the biggest challenge is in a new government for them to deal with. and economic s

fell 5% slipping from a huge increase a year ago. leading u.s. automaker general motors recorded a gain of 12%. ford is up 5%. and chrysler surged about 34%. south korea's hyundai sales climbed more than 12%. >>> the head of the international monetary fund has urged the u.s. to consider boosting its contributions in case more bailouts are needed in debt-strapped europe. >> thank you very much and apologies. the recovery is still very fragile. the financial system in europe is still under heavy straits. >> in a speech in washington on tuesday, christine lagard said a faltering europe would have a negative impact on u.s. employment and economic recovery. she noted that many u.s. businesses profit from exports to europe and investment in the region. she is trying to persuade the u.s., the imf's largest contributor, to play a greater role. but some american lawmakers oppose any such move in the name of helping europe. the imf is aiming to secure the agreement of its member nations ahead of a meet with the world bank later this month. >>> a minority of u.s. fed policymakers wanted extra credit easing despite conce

kicked off the holiday on a high note, then fell when the minutes showed easing by the feds is less likely. u.s. autosales are going up. gm saw sales rise 12%. ford was up 5%. chrysler saw sales up 34% and volkswagen climbed 35%, the best since 1973. yahoo! announced 2,000 job cuts by the end of the year. it will save them $375 million as 14% of the labor force is cut. have we seen the best of the markets and the economy in the first quarter of the year or is there room left for the bull to run? awe thor of the e-book, in gold we trust. the future of money in an age of uncertainty. thank you for being with us. i want to get to the gold, but let's talk about the week that was. the markets fell midweek after the feds walked away from the possibility of stimulus, the qe-3. what do you think about that? do you think the fed will be there? the current stimulus in place expires. the twist expires in june. >> i think the fed has no outside saying what they are going to next. the economy is picking up. we don't know how strong it is picking up. i think it makes sense for the fed to wait. you have to remember, it's incredibly loose. so much money is being

fell 5%. reversing a huge increase we saw just one year ago. leading u.s. automaker general motors recorded a gain of 12%. ford is up 5%. chrisler surged 34%. south korea's hyundai sales climbed more than 12%. >>> and here's a look at the latest market figures. >> that's the latest in business. back to catherine now. >> thanks very much, ai. >>> prime minister yoshihiko noda has instructed a minister to draw up new standards for nuclear safety. the standards are a precondition for restarting two reactors at a nuclear plant on the japan sea coast. the nucle safety commission is conducting stress tests on japan's nuclear power plants. last month, it favorably assessed the first round of stress tests on the reactors at the ohi nuclear plant. noda and three ministers discussed the commission's assessment. the ministers were briefed by the nuclear and industrial safety agency on the findings of its investigation into the nuclear crisis at the fukushima daiichi plant. some other ministers said the proposed safety standards are not clearly defined. noda instructed industry minister edano to come up with new standards for nuclear safety. >> transla

brief the vice president, long time intelligence chief who served as president of ford ashraf khalil -- hosni mubarak felle said and mispronounced the muslim brotherhood several times. he also said he would tell the protesters to go home and tell the parents to come and get them and take them home. i did a radio interview that night with an american radio station. they mentioned that quote to me. that is hilarious. i just came back, and s

if one other agency follows suit ford can reclaim the use of its logo which it mortgaged for cash. lingering affects of the financial crisis home prices felly for a sixth straight month at a slower rate. 351 small banks face trouble paying back the money they barrowed through the tarp bailout program they owe 15 billion dollars. passengers say, 6a is the best seat on a plane easy to get out of, not too close to the toilet. worst 31e middle seat in the back. >>> san jose residents will get to decide in november whether to raise the city's minimum wage. the county registrar of voters has confirm admonitionive has qualified for the ballot raising -- from the current $8 state requirement to $10. modeled on san francisco's law which means it clouds yearly inflation adjustments. the idea came from students. >>> foreclosures are down in california. this morning the information service reports the number of homes in california entering the foreclosure process has fallen to the lowest level in five years, 56,000 in the first three months of this year. most of the loans now going into default were made between 2005 and 2007, when real estate prices

ford focus shot up 65%. prius up 54%. and volkswagon had its best march since 1973, interestingly. stock prices took a dip today after federal reserve expressed concern about a slow down in hiring. dow fellalmost 65 points. and s and p 500 lost five z facebook stepped up a fight with yahoo last month. yahoo accused facebook of violating 10 patents today and facebook filed a cupper -- counter suit accused of causing facebook harm. >> transit agency rolled out first train with brand new seats. the video provided to us by bart shows workers installing the vinyl seat cushions that will appear in 100 cars by the end of the month. last month bart began tearing out the seats it had in place for 40 years and forced to go as a result of rider input. >> and coming up next, can the sharks hold on to a spot in playoffs? >> larry beil is next with highlights for us. cucucu >>> here is a look at top seven stories on our web site right now. stay stay connected at abc 7.com. >> i hope you can join me tonight at 9:00, coming up then a credible threat? investigation into who may be behind this al qaeda promise. >> then at 11:00 after today mitt romney appears to be a shoe in for the party nomination. why