h-p paid $11 billion for the firm last year. h-p c.e.o. meg whitman said their own probe found serious accounting improprieties and outright misrepresentations. for instance, hewlett-package claims autonomy recorded revenue from deals even when a customer didn't buy anything. the buyout of autonomy happened before whitman took over h-p. the deal was part of a strategy to increase h-p's software and services business, which usually come with higher profit margins than h-p's traditional computer and printer business. the former c.e.o. at autonomy, mike lynch, tells "the wall street journal" claims of accounting fraud are "completely and utterly wrong." grady burkett is the director of technology research at morningstar. joins us from chicago. we'll talk about the business at h.p., bu at hand, what do the accounting claims say about h.p.'s own due diligence in the buy outa year ago. >> ith i i think it is important to separate out the goodwill impairment. it is a non-cast charge. i think most investors were aware that h.p. overpaid for autono

this c h p is not busy with major incidences light with interstate 4 and 580. the cells become of the north bay, all pretty light. but very foggy but virtually all the bay area bridges are under fog advisory said. >> thank-you, and experts estimate that today will be the busiest online shopping day of the year for the third straight time. thanks to cyber monday. the americans will spend $1.5 billion today that is up 20% from last year. amazon is offering 60% off televisions that are usually over $1,000. and even kmart is taking 75 percent of diamond earrings. this has been already 16% more than they saw last year. >> this latest video from the middle east the cease- fire is holding. they are meeting with egyptian officials and possibly opening border patrol's with the blockade. this cease- fire was broken last week with secretary of state helleri clinton. she visited the reason-hillary -- clinton with a possible ground invasion, thus hamas militants responded. >> pg&e says that the p-g-and-e says the source 14-people in san francisco at around seven o'clock las

late today the fbi and ousted is investigating te accounting irregularities exposed by h-p.nically oracle passed on the opportunity to buy autonomy 1/4 hewlett-packard was offered a deal. oracle said it was overpriced at a much slower $6billion. and one of the oracle executives critically involved in hat decision was a fellow by the name of mark heard, the former h-p ceo who was forced out to back in 2008. hedge fund manager avoided a kit quarter of a billion in losses and to join stocks in which he held major positions. he quietly sold hs stake in those companies of taking short positions and was awarded $9 million for that brilliant move by sec capitol, the compa that owns a hedge fund. today the sec, no relation to s. a. c., charged mark thomas with avoiding those losses by using inside information. the sec said he was told by doctors conducting trials on an alzheimer's drug that the drug was no good before thhe doctors presented their evidence to investors. the largest in tech -- insider-trading action ever filed by the sec. ben bernanke downbeat about the economy in his

best buy sells products made by intel h-p and microsoft.yes they have some apple exposure but not enough of it. >> have they jumped the sharkey think? >> i think they have. wal- mart is selling groceries and everyone else is getting innovative. >> we have h-p what is a word with them this morning? >> i'm going to use the word fraud. they are not using that they're saying the acquisition of autonomy and mismanagement and proprietaries represented misrepresentation underlying financial metrics. but they are riding over $5 billion. ets was a disaster for h-p. this is a big win for apple. if we had apple instead of h.p. or intel or microsoft the dow would be an all-time highs. this is the reason why you don't go by the dow industrial average. cash flow is the only thing positive in the number. everything else is in the wrong space. the >> how does something like that happen? a lot of smart people there. where the numbers all made up? >> autonomy searches data and the one so it's a bell in h-p in the original equipment manufacturers. but what th

that is an area of the market that h-p is not a very dominant in.ke it. they are in a tough position already. they were misled about this deal. also given to changing market, it was difficult to see how the firm could turn itself around. investors are not convinced it can do that. >> this is not the first bad by force hewlett-packard, is it? >> there has been previous issues. this is the biggest in terms of having to write off an investment. i was at the floor of the new york stock exchange today. investors said they did not see this coming. a big surprise for investors and a big issue for the firm to try to come some -- to some sort of agreement with authorities. >> you are watching "bbc world is america," still to come -- robert redford tells us why he is taking on the role looking out for the environment. a court in pakistan has dropped a controversial blasphemy case against a christian girl. the 13-year-old was arrested in august accused of burning pages from the koran and sent to jail for adults. >> this is the last sight of her being taken awa

. >> h-p has fourth quarter losses.h giant saying that the tech giant says it's written down $8.8 billion of the value, autonomy.. h p paid of $11 billion for the company last year it said the company discovered is had misrepresented its finances. h-p stock has lost the building permits, hit a four year high last month with building started on an annual pace of 894,000 homes in october. sports, coming up next with tedford.. out. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. (male ann

ithese high winds are a concern and the c h p has issued a wind advisory for drivers along the golden gate. i tell you that i've been driving this bridge earlier ad i could feel my trucks going back and forth. and they have also been feeling the affect of the wind on the bridge. >> it was crazy i was in the suburban rocking back and forth. the water you going to be doing? >> i am going to be slowing down. with kids in the back. call i checked with the chp and they're going to beginning to continue to monitor and decide weather or not to continue those warnings. depending on how bad this storm gets. reporting live, kron 4. >>pam: the north bay will be possibly hit the most with this a time that's be video over mill valley. charles clifford has been in the north bay all day carhohow residents are coping. the right now, seminary drive in the southern marin county near the extensive beach near 101 it is been very wet. stinson beach exit. there were greagray skies earlier but that little break cape residents the opportunity to dry out and get ready. it is expected this weekend. there were

and, a case of fraud spells trouble for h-p. plus, traders are placing bets on the fiscal cliff. find out how the odds are stacking up. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, november 21st. i'm angela miles. in today's first look: turkey tracks - trading volume is expected to be lighter than normal toward the end of the session as traders head home for the holiday. yesterday trading was a mixed bag of small gains and losses with the exception of oil, which fell $2. fed chair ben bernanke is urging lawmakers to strike a deal on the fiscal cliff sooner rather than later, otherwise the nation will return to recession. the obama administartion formally proposed new rules on healthcare, including requiring coverage for pre-existing conditions and minimum health benefits for millions. and in earnings after hours, salesforce.com rallied on better-than-expected news, while the zale fell 10% as the company lost some shine on earnings. larry shover of sfg alternatives joins us now. tho

c h p, has arrested 1210 compared to last year of 1350. again, these are preliminary numbers the c h p will release the official total list read later this week. the mark of another victory for the san francisco 49ers. for the second week in a row, column kaepernick started in place cap alex smith. and victory. phillipe djegal spoke with whether or not a quarterback controversy is brewing. >> will be the san francisco 49ers starting quarterback going forward? alex smith, colin kaepernick. >> right now, it looks like the irish sports but in san francisco have a clear favorite. >> kaepernick came through and got the job done. >> and he more or less outplayed. >> despite being up double digits fans were intense watching the end of the new orleans saints and 49ers king. with difficult defense, the 49ers pulled out a victory no. 8. >> you kind of look like alex smith. >> i know but there has to be more than ridiculously good looking like touchdowns. >> is there a controversy? when there is no controversy, kaepernick is the man. alex smith has h

the losers h-p they are rolling around in their gray.right for them they bought a few companies that were flops. some people think that is not a cover-up may be is just they're tried to write it off. they paid way over for these items. he agreed to buy this company and this is just the company'a company--s not look like he misses a lot but there is a lot of businesses that are leaving h-p. >>for people who are not familiar they had a lot of financial irregularities. this caused a big blowup with h-p and they will not take a big hit. >>deloitte and touche-sense something is fishy here wall street is starting to sense that it is more like h-p is trying to say that they did a bad deal so let's blame them instead of buzz. >>we're getting into the holiday shopping season and best buy is usually a big draw for people what are you thinking? >>i like to go window shopping at best buy but when i arrive there there's usually no one there. >>this kinda like is a drug store. >>some areas are higher than others. what happens will people go buying or

because of all of those two drivers i am here at the c h p.asoline price on thanksgiving. it's $3.40 per gallon. however, take a look get these possible infractions some of these infractions that were being caught by police from drivers. >> let us take a look the san mateo bridge it is pretty heavy in both directions with a quick shot. the bay bridge toll plaza. light. going towards a san francisco but not the case with those red tail lights very congested if you're going to go from san francisco towards oakland. here are some actual timed speeds. traffic is fairly congested across the bay bridge. the same if you are headed on the the 80. the 880 in oakland is also pretty slow. not that bad of the 101 if you're going out of san francisco and marin county but there's a fair amount of congestion how the chief wednesday before thanksgiving. we will continue to track this and update you before. and a continuing a working team coverage they are = expert = = = = = = = = = = record. dan kt the life of stat update caho u e >> we've not hardly had any

again, the c h p is going to be monitoring this all night long.ng live in marin county, kron 4 news >> city crews in san francisco have been busy dealing with damage caused by the storm so far. here you can see what's left of a 25 foot acacia tree being hoisted out of a backyard in bernal heights. it toppled over at around 4 a.m. this morning, knocking down a fence and falling on to a home on the 300 block of virginia avenue. the house itself only suffered minor damage and no one was injured. the department of public works says a few trees have fallen so far and about a dozen tree limbs have come down. and they are bracing for more trouble ahead. >> we are expecting more branches and trees to come down. there are crews out looking out for vulnerability to take care of the tree before damage occurs. also cleaning out a lot of this crawlspaces, and ground space. >> d-p-w encourages residents to call 3-1-1 if they have any concerns about the stability of trees on city streets. our team storm coverage continues now with the silver-lining in all those

the support her family has received from the c h p and the east bay communities is priceless. >> it is touching, really the outpouring of love from the community. the support, it is a touching for everybody in my family. >> the contra costa peace alliance as saying that the least one of the people showed up for the fund- raiser at the which would make quick and wedding center. >> everything tonight was it donated so that every single dollar that we make tonight can be given directly to the family. >> men and women who worked with a officer youngstrom attended and the mayor newell arnerich... we want to make sure that the family knows the we are here. >> the officer was shot to death by a driver in september wall making a routine traffic stop on interstate 680. karen says i think that he would be very touched of the community loved serving so much has reached out to us. >> in san ramon, phillipe djegal, kron 4 news. >> city officials in oakland are looking to put the brakes take over the embattled oakland police department the city has filed legal papers calling such a move inappropriat

suly fwanei cote h p en is real and joy i had never had. because you had been there.n is real, it is a real place. he is a real person. how would it change the way you lived your life? t lfillmt, purse astto thalrym e shappwhe die on the "700 club" this week. 3 3 we're back with dr. carrie mcmahon from capital women's care n hagerstown.last half &phour... we heard about e s extigram.. anhow you 3 h.. hsoin rrm ourstaff... our morrnng show executive producer, kate... is expecting husband, sajid.she had her ultrasoond done yeeterday... result.she has no idea what it is.but in just a feww minutes... we're going to cut on air..ate, sajid... are you get to cutting... we want to palk abbut a poll we pooted tt our fabook page... asking our viewers to ote or what here's what they thinn... think... ok... nnw the ok... now the deciding moment. kate,,sajid... are yoready? for more information about capital women's informmtion about posted a link our weesite. 3ussix lte coming up... up...one couple's wedding... bizarre things that pops up behind hem... as thee're reading their vo

we spoke with the c h p and this is what they had to say. >> the southbound lanes of 680 near stone ridge were completely blocked by a semi. it had drifted onto the shoulder. it was a rigidly 6 lb.. the driver, 50 year-old male, over corrected and caused the incident behind us there was one other vehicle involved a small sedan. surprisingly, and good for them it was only property damage. >> there are no injuries but of course this will be here for some time. the rush hour is expected to be a disaster. in pleasanton, kron 4. >> this is of the scene from sky 7 high-definition news video. you can see the back up. this is not in the process of being cleared but it is a friday. it is going to take a while because it is in the middle of the commute will continue to check out the impact. >> correct there is significant backup. you can see inearly 0 mi. per hour. it is blocking everything and even the northbound. you can see the yellow is indicating speeds under 25 m.p.h. and even in the northbound. it is not being impacted as much we will continue to practice and keep you updated for this friday

. >> a bit of a mystery for the c h p this morning with just a pool of blood, no victims, no cars, according to witnesses the crash occurred around 3:00 a.m. the northbound lanes of highway 1 0 1, near the mckee road off ramp one person was at least injured. they are looking for the driver of a 1993 honda accord. in flight 19 05 flalanded safely around 5:00 p.m., during would become a snow conditions in denver. while taxiing to the terminal the nose of the plane went off the taxi way toward 125 customers and five crew members on board were deplaned and taken to the terminal by a boss. >> the fiscal cliff is living. president is asking the wealthy americans to do their recovery by doing a little bit more in taxes. however republicans are saying that it will hurt not help the economy. >> higher tax rates will not help solve the problem. and i think it is important for us to come to an agreement this is his opportunity to lead. >> we are serious about reducing the deficit we have to combine spending cuts with revenue. that means asking the wealthiest americans to pay a little more in taxes. >>

she never saw the c h p watching her. tonight at 8:00 p.m.i got caught behaving badly. i got caught behaving badly. and the next edition of people behaving badly. ... >> researchers from danish saying that people that take staten drugs have a lower risk of dying from cancer this study in the new england journal o journal of medicine looking at 300,000 patients of 40 or. it found that those that taking a stanton's worth 50% less to die than those who did not. a spokesperson for the american cancer society found these findings in treating but also said that these does not mean that people should with cancer should start taking steffens. >> children's with mother who had the flu during pregnancy could have a higher risk of developing autism. according to a study from denmark. researchers found children were two times more likely to be diagnosed with autism before the age of three. if their mothers had the flu during pregnancy. and children of mothers who had a fever lasting longer than a week word three times greater risk. researchers say, furth

and interstate-80--and the c h p saying that the least one of the drivers was hurt. >> alex smith or kaepernick? sports a trucker, will break it down after a sports to test- sports announcer-jason will be back after this... ♪ secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. >>jacqueline: this is video of what we have seen in this is the presidio. from a friday morning, as we go towards a saturday more rain fall with gusting winds expected. as for take a look at the satellite & radar mostly clear conditions. the rain has pressed to the east but there is more rainfall for later. this system will move slower than the one the we sought today. the tail end of that seeing some and subtropical moisture with gusting winds and some trusmoisture. notice, south of the golden gate things will stay mainly dry by 11:00 p.m., as the chances of rainfall and the 8:11 a.m.- pad of rainfall and early afternoon in a deep interest a night. the chances of

this lexis s u v hit this c h p that pulled over and try to help the stock.her, the mother, the daughters is not clear if the people ejected were wearing seat belts. one girl was a 24 year-old who later died. no drugs or alcohol appeared to be callinvolved. there are gusting the cause of the crash. >> at the stones' town galleria there are two women behind bars after police believe they broke into one car in this parking lot and stole an ipad. but they did not get that far. you can see that this is near the golden gate park and the victim's head lot retract my stolen ipad. they tracked it down to this area and they told police that it was in a moving vehicle. they tried to run but they did not get that far. this evening, those two ladies are behind bars. j. r. stone, kron 4 news. >> as the paragon of le outlet d livermore, these stores open even on the thanksgiving evening and the crowds have stayed. many people have saved hundreds on things like clothing, watches, sunglasses because of this large crowd as they have set up a makeshift parking lot across the s

and the c h p did not want to issue a sig alert.ess, there is traffic already starting off to slow. this backup begins near highway no. 4. the other incident on highway no. 4 is completely clear. at sommersville. bradley back up and this new problem westbound at the port chicago highway. slower traffic for those cars that are working its way westbound. we will update your drive time. looking at the bridges. 16-18 minutes almost to west grand ave. still, 11 minutes across the span and on the golden gate. heavier traffic and we are used to seeing. southbound, it is starting to slow from the south tower to the toll plaza. >> there are four more lake tahoe resources set to open because of the powerful storm that forced through. with much-needed rainfall. here is the live picture off of heavenly. showing you all of this snowfall. the ski resort is going to start this weekend even tomorrow and north star heavenly will be opening up with a combined of seven chair lifts open and kirkland and squaw valley will be also opening up this friday

the c h p will focus on the traffic related incidences. the department has not released a timetable for how long this will last. >> and oakland family is looking for answers after their father was shot and killed in a robbery working at a cellphones tour last night. cellphone --store owner wilbur burkley.. and to the giants celebration was an amazing turn out. it was even larger than 2010. with nearly 568,000 using public transportation, bart breaking records. the giants spent $1 million to throw one giant party. >> it might be fading from the headlines but the home mortgage mortgage is still a difficult issue many of those struggling are finding some relief through an organization that has set up shop at the san jose convention center. >> to make ends meet there is a new favorable loan and a lower payments. before i was paying principal and interest and now i'm able to pay principal, interest, and taxes and insurance and less for all of those each month. >> this nonprofit group is a need for assistance group of america and the provinces o

when the c h p that she blew onto one on ramp. and it was actually shot down for repairs. the chp officer was stationed and they noticed. and they pursued this woman. they got through the streets of san francisco and had several cars. at 15. that car rolled forward and ultimately hit a pedestrian. the production was released from the hospital that--pedestrians. however, there were people that were living in this neighborhood and we spoke to the owner of this truck. he saw the woman laughing and did not take it too seriously when she was getting arrested. also that she could hear the woman cackling as if she did not care that she was getting arrested. and get this data on the worksheet arrested for felony, d y, reckless driving, hit and run and the vat, according to the c h p she has had three prior d.u.i. is she has been arrested now for another in the the... is from sky 7 ht the injured officer broke bones in his shoulder, arms, ribs and also head injuries the driver of the car key hit was not injured. >>jacqueline: we will see the rain fall offshore is looking like what

the c h p saying that the driver was originally traveling northbound. and it drifted onto the shoulder before the driver lost control. >> the 50 year-old driver over corrected and cost this incident behind us crossing over the barrier but in the center. >> caused that incident. it was nearly packed up for at least five hours. and it was backed up for its least five hours some drivers did not want to wait and today backed out of the ramp. this truck was not the only damaged vehicles. >> there was not just one vehicle but it was a small sedan and surprising the, good for them it was just property damage. >> luckily there were no injuries in pleasanton, kron 4. >>pam: a jury will continue its deliberations on monday in the trial of a former san jose elementary school principal. he is accused of failing to report a teacher who was suspected of molesting children. the principal, rob fladeboe has the story. >> the jury of seven men and five women have been deliberating. this closely watched case is resulting from the arrest in january craig chandler. shown at

the c h p that northbound interstate-5 should be shut down for several hours. we will keep you updated. >> walnut creek police chief announcing his retirement. jewell brighton jewel-- joel bridon.. is expected-step down in the next six-eight months. >> and also, the man that was hit by ahmen meles. was walking on the tracks when he was hit at 7:20 5:00 a.m. the accident prompted the shut down for several hours. the incident is still under investigation it happened a 7:25-a warm day to day. and we are looking at 79 degrees for half moon bay today. and that was at neon. 80s in pleasanton, santa rosa. and we are about 10-15 degrees above average. and we will see cooler skies. this allied the view @ san mateo, a beautiful day possess 60s. midnight, this a beautiful light of you at san mateo, it is going to get cooler. we could see patchy, dense fog in the north bay. and it could limit visibility just briefly otherwise sunny skies. record high temperatures. for the afternoon. another warm day on tuesday, with war records and temperatures could be a two degrees coole

. >> you could see that when i went with the c h p and he gave some people some breaks. they say that is not always going to be the case. you'd better be aware if you're going to go out there and break the law they will be out there in force. reporting live, terisa estacio, kron 4. >> some of these roads are taking to the air with over 100,000 people were expected to push through s f o just today. this is a live look. there were long delays yesterday and today was a much different story. dan kerman. >> what a difference a day makes on this day before thanksgiving s f o have mostly sunny skies. that translated into most flights running on time. >> everything has been dismissed so far. >> everything has been great if it ever is been -- smoot so far. we are on our way home. >> these weather conditions were great. >> we got here early, panicked, the whole bit! [laughter] >> however, it is fine. >> these people were connecting and even they were finding the bright side. >> we are going to go to atlanta but the las vegas connection is it delayed. >> we are on time out of san f

. >> are with the castro valley officer of the c h p. >> good afternoon, to you know how fast you were?, i passed the 19 year-old driver and he said that he was acting retarded. his words, not mine. and this driver was also clocked on the rider at 56 mi. per hour in a 40 m.p.h. but when he stopped the driver had a different to fred for a collection. >> any idea how fast you were going? >> your going quite a bit faster. after this to your e-mail alert could be i thought it would be a good idea to see how fast they were driving. this driver was also going 54 mi. per hour in this black mercedes >> any idea how fast you were going? 30 it is section 40. and this was what he thought was a good explanation. >> i have been living here for 14 years and i know what's going on and i always call under 40 m.p.h.. >> what are we going under 50? >> where we going -- over 50? how fast we're going? and i cannot know. but as --this mini was also speaking. and why were you speaking? and i was chatting in topping attention. >> in castro valley, -- not ping attention. stanley roberts, kron 4 news. not payi

. >> the c h p is already helping police. and already in talks with the lme the sheriff's department and the oakland police department. and the alameda sheriff's department. the oakland police is already going to have 120 new police officers in the academy that there will not be ready for a least one more here. reporting live, reggie kumar, kron 4 news pu >>pam: if a criminal suspect his lawyer says about this police actions. and fate. grocery store is walking the picket lines the sticking points that cause them to go on strike, ahead. plus, if you have a friend, family member that is a gamer you might want to not see them for a few weeks. the most anticipated gain from 2012 is on the market. the most anticipated video game -- 'v >>pam: this bay area man is suing the police department of martina's after a police confrontation he was tazed. it was at this gas station where the say he was not needed to be they had a warrant for his police as they had a warrant for his arrest for a domestic violence. you can see on this video, h

fiscal clif the high winds, and the physical terrain with and we spoke to a c-h-p officer, who gave us some timely advice for commuters driving during the storm. >> slowing down making sure there is a safe distance between yourself and the vehicle in front of you and watching for debris. in the road, the storm drains could also cause the roads to flawed. >> sandbags have been used and to try to prevent new ones the road crews courtes could be seen-with and e city of san francisco has help for residents in low- lying areas kron-4's alecia reid has details on where people can pick up free sandbags. >> those sandbags behind the are free. to help with the low-lying areas. once the storm heads. 6500 are stockpiled and ready to be distributed for families that need it. they're only available for san francisco residence. people were here with their identification to help keep their homes hom preven helpeven the wanting of empty beds to fill it up themselves. >> remember when you come to get the department of works operations working hard to get a maximum of 10 this sand bags. you will need to

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bell coming up, and lots of earnings, including delta and will they glean more market share away from h-pe, or lose it? that is the big question. david: not good. liz: what is the good one? david: seven is great, double sexes is not bad. does not the only one. it will be talking about a gap, whether consumers are doing okay or not. we are seeing slowdown's all over. europe is and an official recession according to there standards. let's go to a nicole petallides at the new york stock this change. the overall global economy is casting kind of a pall over the market, even though we are managing to do pretty well at the end of the day. >> reporter: we have come back. low with 12,500. high was 12,600, but you noted the global economy still being very fragile. weekly jobless claims more atrocious. the fed numbers show pressure. the company, walmart, big staple liz: gas is down going into the bell. slightly higher, straddling the flat line. looking of the close, it's a mixed picture. what actors looking for? >> reporter: they are looking big picture here. the fear index has been to the upside.

charity and paying the people that run it. s as for actual ly helping the people they are claiming to h p the wounded warriors, well, that is another question. here's drew griffin. >> reporter: help hospitalized veterans say it's all about raising the morale of our sick and wounded troops by passing out these kits to help in their recovery. but now california authorities are seeking to make their own recovery. the civil penalties of more than $4 million for misrepresentations in soliciting. california says this charity paid excessive salaries, perks and conducted illegal deals with donated money, all for the benefit of some board members and officers. >> it is a shell game. and i think what we've seen at the end of the day is instead of focusing their intellectual efforts and energies and energies of the corporation on getting money to help the folks who are in need of help, our injured veterans, instead they spend all of their energy, effort and time on these shell games to move money around in order to benefit themselves. >> reporter: according to the charity's latest filings, the presi

in h-p, measure a builder confidence has been of the last six months, but housing starts, housing construction fell so much in the crisis years that is still has a lot of room to grow. some housing construction starts at about 870,000. 70 percent off of the bottom of the market. it's only about halfway to a normal market. gerri: a long way to go. that is why we're doing this special tonight. you don't want to wait until prices are at their highs to buy. let me get back to mike for one second. just try to bring u.n., having a little trouble with your sp. at think we have you now. the interesting thing you said in your pre interview struck me. this recovery could be weak because some many of the buyers are investors. explain? >> sure. we have to be concerned about the risk of what i call an echo bubble. we have a very high percentage of investors that are buying back into the market now simply becae it is next to impossible to generate income from anything else. treasury doesn't pay anything, bank accounts don't pay anything. investors are buying higher-yielding things like junk bonds t an even

. >> the c h p that the fatality from that crash and palo alto was not wearing a seat belt.ion. she had succumbed to her injured at stanford hospital their work family pet or kill...the chpold nisha tindel was killed from that terrible tragedy. >> also to there was small business saturday. presiden20 year-old shital tindl and then if family was shopping for wedding gifts. she was going to go to a wedding in india. there are two people that are still in critical condition. the two year-o 12 year-old girl and the 20 year-old are not wearing seat belts. >> there is already buzz about oscars. >> this live look outside. we have not seen this. the people and walnut creek are also probably enjoying this, we will be back..... what are you doing there? i am making crescent bacon cheddar pinwheels. wow, i'm impressed! [ ding ] dad, the cable's out! you got that right? [ kiss ] thank you ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your

. >> in san ramon a contra costa county hosting a fund- raiser for the fallen c h p officer, kenyon younstroall of these benefits will go towards the family. he was shot to death in the month of september brought making a routine stop on interstate 680. this benefit begins at 6:that 30 the public is welcome and there is a price of a commission. organizers say that nobody will be turned away. there is a price at the door for admission. >> optical i where breakthrough technology with the i wher--eyewear.... >>jacqueline: still some rainfall along the san mateo coast we austral seeing spotty showers diminishing for the evening. there is the possibility of some showers overnight but we are going to stay mostly clear. just because this has ushered in some cold air. 34 degrees in santa rosa. 32 degrees. 38 in daly city. and definitely, you need to buckle up if your going out early temperatures tomorrow not that much warmer with temperatures a little bit warmer in the 50s. still, 54 degrees with a chilly day expected and the temperatures are goin to comimproved.. rainfall continuing to threaten the

c h p also says that 262 people have been arrested for driving under the influence.there were three fatalities and too much as 67 drivers were charged with d.u.i.. the highway patrol's maximum enforcement. continues to late sunday evening. >> some thieves in oakland and not take a holiday off. several cars along the lakeshore boulevard had their windows smashed by people looking for things to still. police say as many as four vehicles were broken into possibly six altogether. we spoke to one of the victims of the break- ins who says the thieves did not get much but they did leave him and his son with a headache the they did not need on thanksgiving day. >> nothing was gone i didn't lose anything. i never leave anything valuable in my car. police say they have no one in custody and no suspects they hope to get on top of this. >> the family is now going door-to-door in the neighborhood has enough fires hoping to find the driver. anyone with information as axa contact police and they can remain anonymous. someone hit this one and she was walking and they wonder if the p

i have been checking with the c h p no word on any injuries associated with this accident on northbound 880. it could involve a big rig. with a car on its side. >> thank you. the hunt continues this morning for the arsonists who torched a san francisco muni bus after the giants world series when the last sunday. investigators have cellphone video which shows the culprits in the act. san francisco police what this video to go viral in the hopes someone will recognize the two suspects. police released these images on wednesday and say they've already gotten a flurry of tips on the twitter feed and facebook page. those leads are currently being pursued by investigators social media has helped the police department before. earlier this week san francisco police department arrested gregory grants for special the windshield of that muni bus an anonymous tip led to his arrest less than 24 hours after police posted his pictures online. cleaning up after the parade and party was no small feat the city actually cleared 21 t of debris after wednesday's parade. and that is on top of the 17 t of deb

the see h-p has no idea when the exit ramps will reopen.s watching our traffic. >> good morning erica. >> good morning to you anny it depends on the police standoff. now you cannot get on or off treasure island. the yellow on your screen indicates speeds below 50 mi. per hour averaging around 45 mi. per hour. the off ramp is closed usually does not cause the coupback up r delay. the word is getting around regarding the standoff. we have a new problem in milpitas and other police investigation jacqueline road shutdowns in both directions between north milpitas boulevard and arizona ave. you are advised to leavoid the area and find an alternate route. a fog advisory was issued for the bay bridge but i do not think it is unwanted. the san mateo bridge looking good 12 minutes is the drive from into in. that is a look at your traffic i will have more on any hot spots or potential hot spots coming up in a bit. over in the weather center that us take a look at your headlines and ankles start to the morning. some locations sitting in the '40's. it

. >> it has been one week since the c h p started patrolling the streets of oakland they are helpingresence in the high crime areas. and haazig madyun takes a look at the earlier results from operations impact. >> operation impact. the chp officers hitting the streets of oakland to help reduce violent crime has not been in effect for seven days. the chp officer, sam morgan. >> we have recovered when gone. we have made 25 arrests and only one gun. >> with operation impact, they had 119 traffic stops and issued 87 citations. and impounded 23 vehicles and one stolen vehicle was recovered. that is a reduction of of violent crime. the we have definitely seeing a decrease in violent crime and homicide. to make that a major decrease in violent crime as oakland police headquarters at point out. there has been in zero homicides occur in the first week of operation impact. in oakland, for haazig madyun kron 4. >>catherine: it has been nearly two years since carole giffords was shot at the head. these are court sketches for derrik locke jared loughner.. he is going to spend of breast of his lif

. >> and as a team up with the castro valley c h p. >> i got caught behaving badly a. >> in the nextehaving badly. >> this serious commute from the east bay to san francisco. the westbound 80 is to seriously backed up after a multi-vehicle crash. buchanan see that the major and lights have been back on after this crash you can see the metering lights have been activated. these cars have been clear with minor injuries but not that serious in terms of the crash but it is impacting the commute. >> awarded weather story tonight is-hour before their story is the 60s with pleasanton, sunnyvale blackmore 50s and 60s tomorrow. sunnyvale, with more 50s and 60s. that could lead to cooler conditions tonight but things are going to stay about the same as last night. 38, 39 and 40's through livermore. 70's and a number of locations. napa, vallejo, concord, pleasanton that warming trend will be short lived. and as this system impacts the bay area. friday, saturday and possibly again on sunday. >> in just a few days the holiday travel season will kick into full gear. this year they can expect more

contact i am writing to ask the board for an immediate and specific explanation for the allegations h-pocuments you say you have provided so i can answer whatever is alleged instead of disclosure of not material information with the media apricot instead of squabbling over the allegations he will go directly himself this is mudslinging at its finest. these are uncovered about my college himself. aig news engineer from cambridge. started the company and used to have lavish parties promoting growth getting him to where he was and now this is what happened. there will be more of this it will be out there for a long time to come. cheryl: more than 60,000 people filled the streets of terrier square tubing for president morsi to resign dennis: is the end for the budding democracy? melissa francii and lori rothman next. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, ca

jerry howard of h p, ceo and pinto resident fellow sam can, president and chief economist at shannonmics and susan foster, a professor of real-estate and finance. dennis: peter barnes in washington with breaking details of the f h a bailout. peter: we might hit a trifecta with housing bailout, fannie mae and freddie mac got $187 billion from the treasury so far. now the f h a which insures more than one trillion dollars in mortgages could need help from the treasury as well. an annual audit released today found the agency has a $16.3 billion capital shortfall because of mortgages going bad but the fha is downplaying the possibility it will ask the treasury for taxpayer funding. expects to add $11 million in new capital from new mortgage insurance businesses in the year and announcing new steps, new changes to try to improve its finances and hopes that these will return its capital reserves into the black within a year. that, the agency says, should reduce the likelihood that it will need to tap its credit line with the treasury. officials say they won't make that announcement until t

. >> h-p sought a 22% down and usage. >> we're talking about airlines and who is the winners and losers. >> americans are spending less on flights and airlines have cut capacity. their huge winners whether they do good and holiday travel and an obdurate i will no longer call this thanksgiving i will call this teen getting. >> if you can fly that is given that you can come back best-this is the fourth here since we have say a decrease. the cost of flies are up and their averages about 48 hours career flights are a little bit more expensive dish share vs. pleasure. >> there down by 5% as of july the fourth spirit >> we feel that we will be flying more? >> i think that next year will have a good economy in trouble will do well. >> we're talking about tablets we stated that a lot of people will be binding. >> kids want tablets and mattel and hasbro are all factored in. toys r us are so worried about losing sales that they have brought out a tablet that comes pre order to with angry birds. the world is moving forward to tablet

while and it's going to take us a while to get back, but i have to tell you, i feel great about the h pse. and our products. >> but how is you know, i mean, just in terms of their mood right now, watching a stock price at a 12-year low, $22 billion market value on this iconic company seems hard to imagine. i would assume that's got to be affecting moral at this point, not to mention the fact you find fraud in a company you bought a little more than a year ago. >> we've been incredibly transparent in our communications to employees and yes, they're disappointed about the performance of the company, the stock price, but there is a commitment and resilience to hp employees that i think you're going to see us come back here in a very meaningful way and it's not quick. in today's market, people want a quick fix. there is not a quick fix here, but i know when you line up 300,000 hp people against a mission, i think we're going to deliver here, but we have to manage expectations about how long this will take. part of the way hp got into trouble is short-term fixes that didn't actually lay the