in times by twenty thirty the equipment that general electric can produce is one third of the power in the world so the partnership seems to be a logical one yet people across the world as i said before are starting to question whether or not they want to work with an american company on a project like this ok many thanks for the. russians and for reasons in region which neighbors japan and saw in the. fold of the atomic facility although the officials maintain is the danger of the king series precautions and i think that. the concentration of radiation in russia spar is remains normal that's according to russia's main why the agency now there is no immediate rights to the part of russia first of all because of favorable weather conditions a. radioactive cloud current me would go straight out into the pacific ocean away from russia that is if the wind doesn't change direction after radiation levels spiked at fukushima dai ichi nuclear watch at seventeen our weather stations across russia is to have been constantly carrying out checks we're now in the city of that is russia's largest fo

employees and on top of that they're going to limit they want to limit pensions for new hires general electric so no pensions anymore if you're a general in kayseri and not even that not even that well so we're talking about a corporation which is made massive profits which has been subsidized heavily by the state that is well into the green a major defense country a major defense in a country more bucks from our tax dollars jeffrey immelt is the c.e.o. and the chairman of the board and he's also the president's chairman of his jobs commission now there's something wrong with this picture when the chairman of the president's jobs commission first off has closed twenty nine factories in the united states since obama took office it doesn't pay any taxes and increases workers' wages we wonder why we have a jobs crisis in this country when people lately g.c. you and jeff and more are advising the president on how to create jobs well i remember two or three years ago i was talking to bernie sanders senator bernie sanders on the air about this on our radio show and he made this remark about how jeff

who designed the station india is already rethinking its business dealings with the company general electric plus in other news. as more marco that he continues to regain control of libya from the opposition russia pushes for a cease fire resolution in the security council after the. crowd got to grips on that front on. it with r.t. live from moscow where it's now just after seven pm well japan is struggling to regain control of the overheated reactors at the tsunami damaged fukushima nuclear plant after a series of blasts on fire as forcing engineers and both in and managing the crisis has reportedly sustained injuries including radiation exposure now military helicopters drop. sea water was a stricken reactors trying to avert a nuclear meltdown the water used five a fire engines loaded with thirty tons of water three out of a six reactors are reported to be in a critical condition radiation levels have risen in the thirty kilometer zone surrounding the station experts say the area is being exposed to a twelve month the dose of radiation every six hours u.s. officials have criticized the ja

right now a lot of people are wondering who they can point the finger at whether it's general electric who actually designed these nuclear reactors or the operator which in this case is tepco tokyo electric power company and actually when you take a deeper look into japanese law general electric will actually not be liable for any of the accident or damage that's happened at these nuclear reactors which could save them potentially tens or hundreds of billions of dollars so they're probably breathing a little bit of a sigh of relief right now actually topcoat with the operator of the nuclear reactors would be responsible for those liability costs now many people are saying that in fact they're worth some design flaws it's an american nuclear disaster. explosions were built by the american general electric company over the plume was constructed designed mainly by american experts japan itself doesn't produce any reactors and the country is forbidden to engage in any nuclear research so we are witnessing a dream of the american energy industry just going to happen even japanese territory

right now a lot of people are wondering who they can point the finger at whether it's general electric who actually designed these nuclear reactors or the operator which in this case is tepco tokyo electric power company and actually when you take a deeper look into japanese law general electric will actually not be liable for any of the accidental damage that's happened at these nuclear reactors which could save them potentially tens or hundreds of billions of dollars so they're probably breathing a little bit of a sigh of relief right now actually topcoat with the operator of the nuclear reactors would be responsible for those liability costs now many people are saying that in fact there were some design flaws general electric is very keen on tapping into the one hundred fifty billion dollar nuclear energy business here in india india is one example of many countries who are looking to expand their nuclear power market however obviously a lot of questions are being raised here in india across asia most nuclear power plant plant construction has been halted actually when president oba

general electric made over 14 billion dollars last year.why did the company pay no federal taxes? >> plus bay area company that has just been tagged as the world most valuable [ jerry ] look at this! but the savings account of a cave-man! hey sports fans check this out. [ beep ] oops, my bad. earn more with interestplus savings at capitalone.com. that's new school banking, baby! ooh, 3-d! instead of earning bupkus, your savings could be earning three times the national average! three times more. go online to capitalone.com. what's in your wallet? what's this do? [ beeping ] hey marcel, watch this! hey marcel, watch this! [ buzzer sounds ] [ cheers and applause ] ♪ hey marcel, watch this! yeah, marcel! -marcel! -hey marcel! are you listening to me? marcel! [ male announcer ] don't miss a second of ncaa march madness with my multiview, only from at&t u-verse. just $29 a month for the first 6 months. dvr included. in the network there are no hard choices. ck odor detect senses thousands of odors. and automatically releases a burst of freshness

the events in japan has there been in india and of course the involvement of the us company general electric is the main designer of the fukushima nuclear reactors. that's right rory well reaction here in india has been mixed especially considering that the chairman of cheat jeffrey immelt was actually in india this week promoting his company's interest in investing millions of dollars into india's nuclear program which is as you may have to be worth around one hundred fifty billion dollars he announced that he plans to spend five million dollars here within the next five years but obviously many indians are worried about what they're seeing over in japan as you mentioned g.e. did design those nuclear reactors that have caused so much damage and destruction in fukushima. according to japanese law she will not be held liable for any of that which could save them potentially tens to hundreds of billions of dollars now this comes on top of a huge scandal that's rocking india today wiki leaks the whistle blowing web site actually released thousands of cables sewing that americans knew about brib

for the station and it's already rethinking its business dealings with general electric plus in other news this hour. as more money go back to continues to the games and school would be able to be opposition forces for the cease fire resolution in the u.n. security council after having to be clear. about that. live from our studios here in central moscow this is with you twenty four hours a day just past ten pm now in the russian capital and four am in japan where the country's struggling to regain control of the overheated reactors at the tsunami damage from ashima nuclear plant after a series of blasts and thought forty engineers involved in managing the crisis have reportedly sustained injuries including radiation exposure well military helicopters have dropped seawater on to these stricken reactors trying to avert a nuclear meltdown three out of six reactors are reported to be in a critical condition. with a white paper saying rising from facility number three radiation levels of risen in the thirty kilometer zone surrounding the station experts say the area is being exposed to a

fund which designed the station india's already rethinking its business dealings with general electric plus in other news. as more want to come back he continues to regain control of libya from the opposition forces for the cease fire resolution in the u.n. security council after having declared. all not. this is off the live from moscow welcome to the program japan is struggling to regain control of the overheated reactors of the tsunami damaged fukushima nuclear plant after a series of blasts on fire as forty engineers involved in managing the crisis there for reportedly sustained injuries including radiation exposure military helicopters have dropped sea water onto the stricken. reactors tried to avert a nuclear meltdown but also used five fire engines loaded with thirty tons of water three out of six reactors are opposed to be at a critical condition radiation levels have risen in the thirty kilometer zone surrounding the station experts say the area is being exposed to twelve months and dose of radiation at every six hours u.s. officials have criticized the japanese government sug

for who designed the station india has already rethinking its business dealings with general electric and in other news. as more market that he continues to regain control of libya from the opposition russia pauses for a cease fire resolution in the u.n. security council after having declared. it with r.t. live from moscow where it's now just after five pm. struggling to regain control of the overheated reactors at the tsunami damaged fukushima nuclear plant after a series of blasts and fires forty engineers involved in managing the crisis have reportedly sustained injuries including radiation exposure military. helicopters have dropped seawater on to the stricken reactors try to avert a nuclear meltdown they've also used five of fire engines loaded with thirty tons of water three out of six reactors are reported to be in a critical condition u.s. officials haven't criticized the japanese government suggesting they are underplaying the seriousness of the situation as i bet it has been to the quake hit regions to meet firsthand the people who are fleeing the area terrified at the threa

and while general electric may be off the whole in japan of course their business in india be on the chopping block. the boss for the moment for a lot of people. and so is the people's trust in their government so is it the system that's in decline or has the us set up to fail all along. and an uncertain resolution the us is passing on a no fly zone for libya but instead a plan for a range of military strikes so how will the u.n. security council vote we'll have an update. it's thursday march seventeenth five pm in washington d.c. i'm christine for sound watching our t.v. our developing crisis an unprecedented disaster topping talking of course about the situation in japan at the fukushima daiichi plant so dangerous in fact that our team has pulled its crews out of the area well workers at the power plant and japanese authorities rushed against the clock there's another agency that seems to be moving at a snail's pace and talking about the i.a.e.a. international atomic energy agency responsible for keeping tabs on all cases of peaceful use of nuclear power argues arena glu school rep

at you may know, the ceo of general electric is now president obama's point man on jobs and economic growth. and yet, today, we learned that ge, his company, pays less in taxes than the rest of us. nothing, in fact. how is this so? jake tapper gets answers. >> reporter: for two years, president obama's been talking about the need for corporate tax reform. >> simplify, eliminate loopholes. treat everybody fairly. >> reporter: and for both those years, the ceo of general electric, jeff immelt, has served on what the president now calls his council on jobs and competitiveness. immelt is now the chairman. at the same time, that, despite $14 billion in worldwide profits, general electric is paying no federal taxes. in fact, for 2010, ge got a $3.2 billion tax benefit. >> for most people on the street, they see large profits. they cannot understand why there isn't tax commencerate to those profits. >> reporter: says the company in response, "ge pays what it owes under the law and is scrupulous about its compliance with tax obligations in all jurisdictions." the company's taxes are reduced

and while general electric may be off the hook in japan could their business in india be on the chopping block. the american dream is a bust for the moment for a lot of people and so is the people's trust in our government so we've got the system that's in decline or was the u.s. credit to fail all along. well it is thursday march seventeenth seven pm in washington d.c. i'm christine for sound and watching our team. we begin with breaking news the united nations security council has moments of moments ago voted on a resolution imposing a no fly zone extending over all of libya and that quote all necessary means can be used to protect citizens this is of course an attempt to try to halt libyan leader moammar gadhafi is mounting attacks against rebel positions there are the course on honest answer churkin to is live in our new york studio not far from the u.n. and brings us the very latest on this breaking. on the south it seems to me the key phrase here all necessary means what are we talking about airstrikes ground forces what do you know. well christine you know this vote certainly come

from design the station and has already rethinking its business dealings with general electric. and in libya pro-government forces regain more ground from rebels pushing for u.n. cease fire resolution after declaring colonel gadhafi persona non grata. that's happens up to date for the moment time to meet the growing threat of a critical react to meltdown in japan and the audience the service is aided by international rescue teams and most countries by recovery effort and in an exclusive interview with r.t. show you russia's emergencies minister discusses the progress and challenges facing japan's government is next. thank you very much for finding time for us today how do you assess today's situation in japan. this situation is extremely difficult it's probably the first case for the last thirty years or even longer but at the very least it's the first case i remember of a large scale natural disaster causing a large scale manmade disaster it involves not only the kind of damage that happens often such as damage to the transportation system communication system ruined bridges fa

for much designed to station india is already rethinking its business dealings with general electric. and in libya pro-government forces regained more ground from rebels pressure is pushing for a u.n. cease fire resolution after declaring. persona non-grata. all amid the growing threat of a critical reactor meltdown in japan and russia see a subset is aided by international rescue team will suffer launched a countrywide recovery effort in an exclusive interview with r.t. we sat down with sort of a short ago rushers emergencies minister to discuss the progress and the challenges facing japan's government to stay with us. mr good thank you very much for finding time for us today but how do you assess today situation in japan. situation is extremely difficult it's probably the first case for the last thirty years or even longer but at the very least it's the first case i remember of a large scale natural disaster causing a large scale manmade disaster it involves not only the kind of damage that happens often such as damage to the transportation system communication system ruined bridges

general electric made nuclear power plants so we're saying that the warnings were there for the cooling systems if they ever felt going back to all that a nine hundred seventy two so is there a level of secrecy here why why i have to speak has this been just put aside ignored i believe it is not only limited to the japanese government in total secrecy in all its nuclear power will notice also united states cheveley will not while on. a plane nor on one nineteen it's nearly all it's cheaper and smaller needs to appeal their reason the reason it's preferred to build new. poll only it's. really hard to even do you or. me or our. hearts are not built to endure as you say an earthquake or tsunami damage or. is it private companies such as general electric who should be held responsible for for what is a potential meltdown in the future or all why is the government the japanese government taking full responsibility here where does the plane lie. i believe we should call it complex one hundred sixty one depressed in a way either. impending think danger of the military that your complex nuclear

who designed the station india's already rethinking its business dealings with general electric plus in other news. as more market that he continues to regain control of would be a from the opposition forces for a cease fire resolution in the u.n. security council after. live from our studios here in central moscow this is r.t. with you twenty four hours a day nine pm now in the russian capital and just after three am in japan where the country is struggling to regain control of the overheated reactors at the tsunami damage nuclear plant after a series of blasts and fires forty engineers involved in managing the crisis have reportedly sustained injuries including radiation exposure military helicopters have dropped seawater into the stricken reactors trying to avert a nuclear meltdown three out of six reactors are reported to be in a critical condition with white scene rising from facility number three radiation levels have risen in the thirty kilometer zone surrounding the station experts say the air is being exposed to a twelve month dose of radiation every six hours. criticize the

on japan or something there is a correction go the other way to talk a little bit about how general electric has been contributing to the crisis and in japan at the moment. well in fact one of the reasons we invited tokyo electric to the us is that our own operators have such a terrible record and one of them being general electric we had three engineers who worked on the very plants the design of the very plants that are exploding now who said that the plants those reactors were missed designed to those are designed by g.e. won by to shiva both all those designs are faulty we know that in addition the two of us plants were designed and the emergency diesel generators designed in the us one designed in japan by the sheba again all everyone of the back of diesel generators which would have saved those plants from melting down every single one all thirteen generators. failed to work and i don't think if they failed to work the evidence is not that they were destroyed by the earthquake or by the tsunami they just didn't work the crankshaft could not hold up and frankly a lot of people here in t

heading to level seven which was the chernobyl event what's going on here is we've general electric even after the comcast merger still has a significant a stake in n b c we see the nuclear lobby through the nuclear energy institute and all their other page fills an astounding putting a full court press on every possible media outlet in addition to members of congress to make sure that nothing happens to affect the growth of nuclear power plants in this country and president obama i would add not only has jeffrey immelt as his jobs and competitiveness of adviser on that white house panel buddy he took a lot of money from exelon a chicago based nuclear power plant company so we have all kinds of conflicts of interest basically what admiral said many decades ago get the corporate board room out of the news room now we see the effects of that this even three mile island in one nine hundred seventy nine the corporate media did a fairly good job even as they were being stonewalled by people like governor dick thornburgh of pennsylvania who waited three days before telling pregnant women to ge

or general electric reported five point one billion dollars in profits from business done within theu.s. last year but they've paid zero income tax and in fact claim a tax benefit of three point two billion dollars so it's another example of corporate tax evasion joining the ranks of bank of america exxon mobil and we can only guess how many other companies out there are doing the same and it's all done through various strategies including lobbying g.e. is spent more than two hundred million dollars in the last ten years lobbying on tax reform she is also expanded its business abroad cutting one fifth of its workforce within the u.s. since two thousand and two placing their profits made here at home into offshore accounts and they also hire the best of the best including former i.r.s. and treasury officials for accounting purposes i'd say that it's pretty clear that our system needs reform and how do we go about doing it joining me from our studio in new york is dumped in duncan needs on a national coordinator for us and now we can thank so much for joining us tonight now first of al

. >>> japan's fukashima nuclear power plant first began generating electricity 40 years ago. i was design bid general electric and is one of the largest nuclear power stations in the world. eric rassmusen spoke with a former engineer who now lives in martinez who says he saw problems years ago. >> i just saw a routine survey. >> reporter: the man on the video was the former engineer's first time inside a nuclear reactor at the plant in japan. >> they had to of course take all the fuel out and drain it down and clean it up. they put a lead work platform down there. and they sent american workers over to do the job. suck up the radiation. >> reporter: it's the same plant where last week's earthquake and tsunami knocked out power. >> i don't think this was ever going to happen. i don't think any of my friends thought this would happen. i would like their thoughts if they are alive. >> reporter: ge laid them off in 1998. >> i was one of the better workers around. >> reporter: he says he was laid off for blowing the whistle. >> japanese say that's the botel. botel in japanese mean

the logic is followed by france which has the highest amount of its electricity generated by nuclear power plants. it's in living in an earthquake zone no matter what you put there there is a danger of course there could be explosions took the explosions all generated plants so there is always this danger. and one of the reasons that i'm opposed to nuclear power is because these dangers then entail toxins and poisons which on our own lives the damage of explosions or the kind of incident that can happen when there's an earthquake you find at the trauma and health threat will last far beyond the incident itself so to me it's an especially serious danger that would preclude putting nuclear power plants in earthquake zones but i would say that for similar reasons there's arguments against putting them in anywhere ok well just a bit more information you were you kept mentioning the health effects of very high level stuff radiation.

. >>> japan's fukashima nuclear power plant first began generating electricity 40 years ago. i was design bid general electric and is one of the largest nuclear power stations in the world. eric rassmusen spoke with a former engineer who now lives in martinez who says he saw problems years ago. >> i just saw a routine survey. >> reporter: the man on the video was the former engineer's first time inside a nuclear reactor at the plant in japan. >> they had to of course take all the fuel out and drain it down and clean it up. they put a lead work platform down there. and they sent american workers over to do the job. suck up the radiation. >> reporter: it's the same plant where last week's earthquake and tsunami knocked out power. >> i don't think this was ever going to happen. i don't think any of my friends thought this would happen. i would like their thoughts if they are alive. >> reporter: ge laid them off in 1998. >> i was one of the better workers around. >> reporter: he says he was laid off for blowing the whistle. >> japanese say that's the botel. botel in japanese mean

learned within minutes ago is that electricity has begun to be restored at the site mobile electricity generating units were brought in eleven to one of the reactor units in crisis fourteen of these mobile units to a second reactor. in crisis this week we seem a nuclear power plant so hopefully electricity supply can be restored to the safety systems the cooling systems that are necessary to keep these immensely high reactor cores at a safe temperature because once electricity is lost once cooling is lost overheating can begin immediately the cooling water would boil away the steam would carry radioactive particles radioactive gases at least inside the containment buildings and if those failed it could be a catastrophic radioactivity release and i know a lot of people who have been watching the throughout the day a lot of people in this country around the world have just been trying to get their get their hands around everything that's going on terri of state clinton apparently she's kind of trying to figure it out so you know earlier she said that the u.s. was going to be delivering coolant as a

it is planned to be used as a power source to generate electricity from outside sources. crews are rushing at the number two reactser. why does the company give higher precedence to the buildings? the nuclear and industry safety agency officials say it is because the building is undamaged. it is difficult to put water into it from outside. he says it is necessary to restore the cooling system by repairing the power system. about 20 people are working on the number two reactor. electricity from outside power sources reaches the reserve transformer on the ground. a power cable will be laid over 1.5 kilometers to reach a transformer near the reactor building. workers plan to lay the cable through the buildings through the number one and three buildings to connect it to the number two reactor. this way they plan to send electric power to all six reactors. restoration work at the damaged plant faces a number of problems. the biggest issue is how to shield workers from radiation. radiation of ten millisieverts per hour near the number one reactor has been determined. this tokyo

general electric makes money off of the government, too.sell a lot of stuff to the government says they are a part of the problem. basically, if a corporation does not pay taxes -- we want a quality in the rule of law, so why do we have a system where nobody pays any taxes question how would we live? by cutting back on spending. that is an example of a consequence of a system that is deteriorated and why we are chasing our business is overseas, and then jobs go out, income comes down, and then we borrow more money. our standard of living is very artificial right now. just to say that our solution is we are going to make general electric pay more taxes, that will not solve the problem. you have to look at the structure of our market economy. host: what do you see playing out this weekend and into the next? guest: i have said that i do not think the government is going to close down. i would not bet a whole lot of money on that. i think it will come up with a deal. it does not matter that much. we are talking about nickels and dimes. you are

and i'd like to point out the general electric designed this plant and it's a design flaw, and there were questions raised about this plant in the past. what this does is just raises the bar higher, appropriately so, for the nuclear industry. >> general electric says it doesn't take this thing idlely. that they have corrected -- not corrected, they have updated the plants and they're safe. >> well, something went wrong in japan, and i think it's appropriate to look at thtors w country. this is why the president had to go on television and tell people are they don't have to go buy iodine pills. >> you got san onofre and the diablo in california. and clearly any plant that is on a earthquake sensitive site ought to be double and triple checked. but to go the german route i think and shut down, that shows >> let's hear, okay, it's that simple. >> to meet our growing energy needs and prevent the worst consequences of climate change, we'll need to increase our supplies of nuclear power. it's that simple. >> president obama designated in his 2011 budget $5 for nuclear development. >> did y

and hitting the bottom line with our co-owner, general electric, building that plant in puck jeem ma so a lot of companies here in the silicon valley watching that very closely. >> we're only beginning to feel the ripple effects. it's going to be developing over the next few months. >> any silicon valley companies reaching out to their counterparts? >> absolutely. we spent the day at a couple of them doing just that. companies like twitter, microsoft, all of the virtual games that you play, they raised in 36 hours more than $1 million for japan earthquake relief. we'll look at that more tonight. local companies reaching out to raise money with social networking. it happens just like that. >> very nice. thank you. >> you bet. >>> continuing coverage of the earthquake and the tsunami in japan. go to nbcbayarea.com. we've posted live videos. >>> on to other news tonight, still ahead at 5:00, it may be thinner and faster but can the ipad 2 outsell the original ipad? >>> a weekend break-in at an east oakland elementary school impacts some of the bay area's neediest children. i'm jodi hern

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv drive. this is important for landing of the elevator. also, acceleration and deceleration, if there is instability in a car, can be reduced. >> so we have taken a ride in an antique elevator. >> this was an elevator built in 1913. >> we have checked out current elevator technology. >> these were installed in 1972, outside observation elevators. >> it is not standard because there is no tape that runs it. but shane we have seen the future of the elevator technology. >> i am going to push thece

has gotten some electricity flowing to vital systems they've brought in mobile units mobile electricity generating units a dozen at one plant fourteen at the other why the one plan electricity supply won't flow i'm not sure what it means is that cooling is not happening in the reactor core and the longer that goes on i figure i've heard is just over ten hours perhaps to melt down at that reactor they need to restore cooling to the core and again the pools are another concern the pools need to be cooled within a day or two they also could boil away all the cooling water and then decades of waste in those pools could catch on fire and that is a massive amount of radioactivity even more than this in the core certainly a frightening situation and one that even you an expert sitting right here cannot even predict what we'll see perhaps tomorrow we'll have a better idea kevin can specialist nuclear waste at the on to later and certainly when disaster like this occur the aftershocks motional financial even political are felt around the world now we live in a time when so much is interconnected the world

funds are designed to station in two years already rethinking its business dealings with general electric. and in libya pro-government forces regain a mole ground from rebels russia is pushing for a u.n. cease fire resolution after declaring colonel gadhafi persona non grata. all next year on our program spotlight focuses on how people around the world are growing slightly more apprehensive about nuclear energy certainly in the light of japan's disaster. hello again oh welcome to spotlight the interview show on our teeth i would love and today me and my guests will discuss what people call the true novel sin. following the explosions on the japanese nuclear power plant the europeans are growing more fearful about their own nuclear reactors. says over half of the country's population one all those seventeen reactors shut down in japan people are expressing less credit to their government thinking they are hiding the truth scale of the nuclear incident this model of behavior filled with fear and mistrust is called the chernobyl syndrome first emerged after the new third disaster in the sovi

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breakinge same thing as in your toyota creosote or another hybrid car. -- prius or another hybrid car. here inside we have the ibtv drive. this is important for landing of the elevator. also, acceleration and deceleration, if there is instability in a car, can be reduced. >> so we have taken a ride in an antique elevator. >> this was an elevator built in 1913. >> we have checked out current elevator technology. >> these were installed in 1972, outside observation elevators. >> it is not standard because there is no tape that runs it. but shane we have seen the future of the elevator technology. >> i am going to push the access key which will access the voice. >> this has precise generation of power, which is important for highly acrilan the landing of the elevator. >> what happens next week and not know but it will be exciting. thank you for showing us this interesting technology. interesting technology. >> anuncer: this is a man who almost learned to walk a rehab center that almost got built.

blue chip general electric which has moouk ventures with japan's hitachi fell mother 1.5%.ocks climbed back later in the afternoon thanks mainly to a statement from the fed after its latest policy meeting that the economy was gaining traction. japan sent commodities into a tailspin. oil tul bethlehemed more than $4 a barrel in the two weeks after hitting its all-time record. gold has hit $48 an ounce. the national average price pump for gas fell tuesday for the first time in nearly a month. wheat, corn and sugar contracts all fell by 5% or more. subaru and toyota are cancelling most overtime ask scaling back production in north america. finally, netflix was the rare winner on the day, soaring almost 8% as market research showed it trouncing rivals in home digital movies, so a bright spot there. >>> the bulls flex their muscles, the pacers muscle the knicks, and the buck's woes continue. your early morning sports headlines are straight ahead. >>> in weather, irish eyes must be smiling. your warm st. patrick's day forecast is coming up. you're watching "early today." >>> good

you may know that nbc is partly owned by general electric. there were a series of retrofits. he's not certain if the plant in japan was beefed up to withstand more pressure. he expressed concerns that most here were built 40 years ago and reaching the end of their licensed life. >> this morning president obama will outline his plan for an energy strategy. he says rising gas prices, highlight the need for the u.s. to become more independent in full filling the country's energy needs. for more on business news before the bell let's turn to partly ge owned cnbc anchor nicole lapin. good morning. >> partly owned comcast, and kntv the way you all work me. all right, look. stocks closed higher yesterday. thin trading. despite weak data on home prices and consumer confidence, traders believe that stocks willig nor all of the bad news on the belief that the fed will prop up the markets, keep pumping money in with the latest round of stimulus spending. asian markets did close higher. japan rose on a weaker yen. europe is higher. we get a big report today, a private sector jobs report.

when the elevator is empty, the counterweight polls the elevator and it generates electricity by breaking. the same thing as in your toyota creosote or another hybrid car. --