instagram outrage. the popular photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first republican controlled house ever to raise taxes? business mogul steve forbes will join me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so you can hang on to your cash. even when they say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. another day of gains on wall street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level i

you'll want to take a picture of your kid opening presents and put it on instagram. a few weeks later, your kid is selling tires in an advertisement on facebook. >> that could happen as instagram is changing its policies allowing them to be able to license your photos. roosevelt leftwich joins us now with more. >> if you do want to protect your creative rights, don't use instagram or any social media that allows a third party to use your property. this is the latest war between privacy and profit. >> the gull standing on the sea wall or how about the view of the city. and then there's a good shot of folks on a sunny day. this place was made for pictures and pictures are meant for sharing. this family uses social media to share photos with their family around the cup tri for their eyes only. >> i would not like anyone using my pictures out anywhere. these are my puck churs. >> it may not be just yours anymore. after january 16th, if you are using instagram, you are giving them unrestricted rights to use your photograph. theysay you still own that photo but if a compan

instagram sending users running. did facebook revenue baby just blow it with mark some wonderi wondering. they are now down about $0.23 on the session. joining us now in a fox business exclusive from dallas, texas, senior analyst. did facebook just blow it? >> look, understand the concerns are being talked about in the media, but i really think this is being blown out of proportion here. several things to keep in mind, this is right now something that instagram has just started talking about, this has not been introduced yet, it is 30 days away. i don't know if you got a chance to read the blog post from the ceo of instagram, but they made it clear they will not be selling people's photos. liz: they were very clear when they came out saying you won't get paid, we will allow advertisers to use it. and then you have the cofounder come out and said we are listening to you, thank you, we have no intentions. intention is a very dicey work, lot of room for interpretation. i heard they lost more than 1 million accounts canc

. >> an instagram policy change is worth 1,000 complaints. or more. the uproar that has a lot of users canceling their accounts. ,,,,,, a broken fire hydrant in du sent water shooting up to 2 feet into the air this morn it happened in the 8-thousa block of north lake drive. a moving van accidently into the hydrant >> a broken fire hydrant broke in the 8000 block of northlake drive in dublin. a moving van accidentally crashed into the hydrant this morning and caused that huge wet mess. no word on any injuries. >> in clayton roads closed because of a huge sinkhole are opening back up at this hour. crews have temporarily fixed mash marsh creek road. a failing pipe under the road started the sinkhole this morning. >>> just over two years after the deadly san bruno explosion, pg&e says it is finally ready to prevent or manage any future disasters. cbs 5 reporter ann notarangelo is in san ramon with that story. ann. >> reporter: ken, this will be a call center. people can call in and report a gas leak and crews will be dispatched as needed. pg&e said things

that right what instagram is doing?pically when you redo your user agreement, you try not to do what insta dwrgram just did. >> are they going to sell the pictures or not? >> i have no idea other than what ably in the press. >> would you change your ideas about the company if, in fact, they were impacted by these ideas that they're hitting our privacy? >> i mean, we were investors in instagram -- >> were. >> before it was sold to facebook. we think they built a very useful service. this would be an interesting wrinkle that would slow you down. >> i see, okay. because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking

>>guest: spam is the problem on instagram? i don't think so. they are trying to sell ads and to do that by putting up my picture, that is the price of a free service but if they license my photos that is a problem. they need to say, nos we thought doing that and they have not said that. >>shepard: it is funny all of the privacy things base what you have done you have trusted your property to another entity to allow your friends or whatever to look at them and you thought maybe that entity you transferred your property wasn't ever going to get you. dad used to say if it sounds too good to be tree, it probably is. this stuff is free. >>guest: trace talked to people on street saying they will think twice about what they are doing. please, do, you are giving away your con didn't and complaining when they use it. >>shepard: and everyone is not fully collected which creates a new problem. >>guest: that is partly their own fault. >>shepard: it is fully their own fault. how many hundreds are thousands of pictures of people, who do not have their clothe

instagram minors go on there.y cannot agree to any terms but instagram doesn't block them from using it so there's a possibility they'll pay. they have to be careful and user-friendly. when they try to capitalize on you using their site, 80s problem. >> if i'm not mistaken, i can opt out of the privacy deals we thought we were making saying i don't want my images used or sold. can i do that with instagram? >> there's something you can do. i'm not an instagram user but based on information out there, you can opt out. you can opt in or out of the lawsuit. there are measures being taken but it's what my father said, once a word is spoken, it's no longer yours to keep. if you have posted a picture, it's really for those who look at. especially because a lot of the social media companies are very sophisticated. they have disclaimers. it's clear you use their site, this is our property and it's up to you to accept changes. if you continue to be a user of the instagram, you're subject to the continuation of a privacy pol

>> i love instagram.go on my feed, you'll see photos of my puppy, so -- >> but what about the -- >> that's all you see. i still love instagram. i think they're going to have to do a lot to keep their strong customer base of photographers and photographer wannabes to stay along. >> the number of people who fled and are still threatening to flee and are suing the company, have they tainted the brand, in your view? >> i think they have done so a little bit but there are plenty of companies that have tainted their brands through small missteps. new coke is a great example. but coca-cola is still a strong brand. if they keep at it and stick to the core of what makes instagram really cool tool is making it a neat and great feature for social networkers. >> all right. thanks, roy. >> thank you. >> look forward to seeing the photos of your puppy. see you later. by the way, staying with social media, does facebook's privacy policy confuse founder mark zuckerberg's sister? randi is her name. she's the former market

instagram minors go on there.hey cannot agree to any terms but instagram doesn't block them from using it so there's a possibility they'll pay. they have to be careful and user-friendly. when they try to capitalize on you using their site, 80s problem. >> if i'm not mistaken, i can opt out of the privacy deals we thought we were making saying i don't want my images used or sold. can i do that with instagram? >> there's something you can do. i'm not an instagram user but based on information out there, you can opt out. you can opt in or out of the lawsuit. there are measures being taken but it's what my father said, once a word is spoken, it's no longer yours to keep. if you have posted a picture, it's really for those who look at. especially because a lot of the social media companies are very sophisticated. they have disclaimers. it's clear you use their site, this is our property and it's up to you to accept changes. if you continue to be a user of the instagram, you're subject to the continuation of a privacy p

>> let's give our viewers, maybe they're not on instagram, i know you're not on instagram.an example of how it works. okay. >> sure, you take a photo, i think we've got some photos here that we put together here from the staff. you take a photo -- >> my hawaiian trip. >> they would be able to -- and you create artsy photos of this. you put a filter on it. one of those is a valencia filter. it is, actually. but you take these photos and they would be able to grab this, snatch this, and put it on a starbucks ad. so she took that photo on her instagram. we were talking a little bit before this segment. this is another photo of a producer here. so these are these private, intimate moments you're sharing publicly. >> what would he be advertising there, i'm wondering? there's my cat. he can be advertising, i guess, a computer ad right there. and he didn't see a penny, trust me. >> kitty keyboard. >> there you go. >> but instagram, though, as you said, seems to have left a little bit of wiggle room, right? to revisit using these photos. >> there's a loophole and new terms of servi

facebook bought instagram. and instagram's been free and it has a billion -- they paid $1 billion for it. at some point someone is going to make some money here either by charging users which nobody would like nobody wants to pay. or there'd be some ads and instagram added some language saying we're going to have ads and the language was not well done and lots of users got the impresentation that maybe their lovely lunch picture might end up in an ad. >> or their kids or something. so speaking of which, i didn't know that much about instagram. i'll admit it but my middle school age daughter and her friends are crazy over it and they post all kinds of stuff. all the little activities they really enjoy. the privacy settings issue concerned me more as a parent. >> so they didn't change the privacy settings and they promises they're not planning on changing the privacy settings. that's one thing i think a lot of folk got confused about. but it is important to have a conversation with your kids or for you the actual

to see an instagram picture, users will have to leave twitter and go to the instagram site to accesst means for your social media consumption is matt mccanon, the editor of buzz feed. welcome. you call this a cold war. what's going on here? >> if you want to go back to the beginning, facebook kind of started it in 2010 when they cut twitter off the from accessing your friends list. and then facebook, as you might know, acquired instagram earlier this year. >> for a cool $1 billion. >> for a cool $1 billion. and shortly afterward, twitter cut instagram off from accessing your friends list on twitter. so this is sort of the latest thing now that your instagram photos soon won't be appearing on twitter.com or through twitter apps. you'll have to follow a link of an instagram photo to instagram in order to see the photos. >> here's kind of the problem with it. when i was looking at one this morning, i thought, this is how i use instagram, is i tweet out pictures. and i'm not alone. 30% of all links were shared on twitter, they were photos of instagram. this affects a lot of twitter folks

those pictures on instagram could soon catch you by surprise used in ads by instagram and facebook. even snapshot of your friends and family, without notification or payment by instagram. next i don't think it is there at all. it is my picture. >> new terms of use state that you are another entity let pass to display your user name, likeness photos without any compensation to you. >> you might not necessarily support that product. >> there is no way to opt out. your only option, cancel your account. that is what many users have already started doing. >> i don't think it is fair. i think at some point, people will be up in arms about it. >> what seems to be causing the most upset, underage users are not exempt. >> i have a 13-year-old grandson and i think it is awful. i think it should be against a lot to do something like that. >> it is being called instagram's suicide note. >> late today, instagram responded to this of set on twitter, saying we have heard you, that the terms of service are raising a lot of questions. we will have more to share very soon. instagram officials say it

later in this blog, he talked about what does advertisining o instagram look like?sion a world users and companies can promote their photos and instagram streams, kind of like twitter. it struck me as something akin to the twitter model, photos, if you want to promote your instagram feed, you can buy that, buy better placement or pay money to promote your photos. we'll see what they end up doing with that. it seems as of this blog they get people are concerned and need to watch their step. >> thanks for that. keith, quickly, you like facebook despite this. the stock doesn't care. it was up 3% today despite all this. >> it's the kind of stock you love to hate because because it's expensive. the only thing they don't have an edge on is fundamentals. >> it doesn't matter. facebook. >> it's a storytelling stock, expensive gets more expensive until they report a bad fundamental. >>> last december, the rumor mill was going on for a launch date for stand alone apple tv. what tech surprises will we see in 2013? let's ask dan ackerman, the senior editor for cnet. you have fo

look, the big furor this week was the collapse of 25% of instagram's users.hey only had 16 million users and they went down to 12. that's less than 1% of -- yeah. >> -- facebook's users. >> netflix when they decided to go to a different pricing plan, they lost their users. let me probe companies that you think will be winners and why in 2013. take it away. >> first of all, i think we all have to focus on twitter, which has the big mo and is really, really getting traction right now with advertisers. the issue with trwitter, will they go public in 2013or at some point? i think you will see twitter as an ipo. the rest of the internet companies are all desperately trying to get to the year of viral and social media, that's 2013. you have google, netflix, amazon, yahoo. everybody is jumping into the social media pool but they're all trying to figure out a way to monetize it. >> the year of twitter, 2013. i'll tweet you if you'll tweet me, porter. i'm@tylermathis i'm@tylermathisen. >> he's okay. can any of this viral social media be effectively monetized without b

a change of heart from instagram when it comes to who owns your pictures. will thomas has your top 5 tonight. >> up first good news if you've been putting off some of the christmas shopping. toys r us is staying open for 88 hours straight. the marathon shopping session starts at 6:00 a.m. friday and runs through 10:00 christmas eve. toys r us wants you to know it will offer a price match guarantee through christmas eve. >>> instagram backtracking after backlash oaf a policy change regarding your photos. the new policy implied instagram would have the right to sell your photos in ads. the company doesn't intend to do that and update the language. >>> the controversial full body scanners at the airports are under review. the national academy of sciences is studying the effects of radiation from the machines. the tsa says they're safe. a recent report says passengers would have to be screened 17,000 every year to reach the limit. >>> your commutes through d.c. will get faster. the mayor is raying the speed limit by about 5 miles per hour on parts of new york a

now she is on instagram had. >> not anymore.r right to lose a lot of people. >> we are not going to give any statistics. facebook does not give statistics, but you see what's happening and social networking. this sort of rage that people have. it is -- and sold for a billion dollars, the value of this company is eroding quickly today liz: and this is if you don't like it, don't use our service. that's pleasant. thank you very much. watch out for those pictures. all right. right now, knight capitol having its board meeting. details on that. rushing down from the fairway. the fiscal stairway. ♪ copd makes it ha to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung fction. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung funcon all day. advair won't replace fast-acting inhalers for sudden symptoms d should not be used more than twice a day. peopl

even though instagram has on their blog altered language, will you stop posting pictures on instagramok.com/"news nation" to cast the vote. that does it for us today. a lot of big news as you know was covered this hour and we will be back at it again tomorrow. the cycle is up next. military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could sa

instagram is backing down.s not our intention to sell your photos, we are working on updated language in the terps to make sure this is clear. he added they plan to remove language that would have allowed your pictures to be part of an advertisement. there are plenty of other ways instagram can still use your information. >> stop using it. no one is forcing to you. >> reporter: one user told us she is headed that way. not just with instagram. >> i ton know how much longer i will be using facebook because of all these things happening. jonathan bloom, abc7 news. >>> substitute teacher from marin county is seven million dollars richer thanks to a judge's ruling. the judge declared that she is the sole heir to the fortune of her late cousin, 69-year-old died in his nevada home last summer, a crew found enough gold coins in his garage to fill two wheel barrels. it is worth nearly 7 1/2 million dollars and a nevada court ruled that she is his only surviving relative. she has not commented. >>> her students are going

looks like instagram, is insta cave.r the privacy policy appearing to show they had the right to sell your pictures to advertiser, but the co-founder clarifieded it was interpreted by many that we were going to sell your photos to others without compensation. this is not true. it is our mistake this language is confusing. privacy advocates say this shouldn't be an open end and shut case. there's a loof things to worry about the company and facebook. your fear is what? >> well, i mean first of all, neil, we have mrk suckerberg, not surprising he wants to make another billion dollars off of other people's stuff, interesting in the beginning, people worry about them using our stuff to make more money, but the reality is social media now has changed our entire economic system. we have children in social media, and the language was there, and i'm very happy that people spoke out, which they use through social media, by the way, changingthat language because how are you going to go around to millions of 13, 14, and 15-year-old

facebook bought instagram for $1 billion earlier this year.on't know if that's going to pay off at all. >> i've had some discussions about this morning, dennis, i have a hard time believing they would lose that much -- >> me too. >> why? >> in the end, facebook and instagr instagram, they were treated on their new rules. so i think 25% for a huge install base just seems a bit -- >> you're talking going from $16.4 million, i think to $12 million, basically. >> what's interesting about what's going on in the tech space, an app like snap chat, which are these disposable videos which are great for teens who want to relate to each other via video. >> said the new father. >> it's really just become quite a phenomenon. and it does seem possible that you can have the next generation of apps that does eat away at the established leaders, of which instagram is current one. >> there's been chatter that flickr has got a second win because of that. >> but long-term, you have to think that more people will be sharing more pictures over social networks than

trying to calm outrage after a new terms of service announced that would have allowed instagram andacebook to use photos and information for advertising purposes. the co-founder says there is misinformation about these proposed changes and that there is no intent to sell user photos. he says instagram does not own user photos and plans to release a new terms of service and privacy policy. >> pair of ceos among finalists for time magazine's person of year award. myer took top job in yahoo in june. and replaced steve jobs when the first ceo passed away. >> alamo elementary school is hoping to be the little school that could. the school is atestimonying to win a national grant, and they have turned to 7 on your side for help. >> and this is the kindergarten class. >> they're signing with b.a planned school garden and what will be planted there. this is the reality. how do you get from this, to this? and in these tight financial times? get creative. >> contact 7 on your side. is there something you need to get the word out about, we need a community behind us. >> they want your vote, ag

instagram in crisis! some users canceled their accounts. the school of journalism and mass communication play-off says the policy flies in the face of traditional media terms of use. >> if you are going to use my photos to make money, you should contact me and traditionally that's the way it's been done. >> reporter: this afternoon, instagram's founder pulled back saying the legalese was confusing and a mistake but the company says advertising is one of the ways instagram can be a self sustaining business and that they would like to advertise in the future. >> maybe some of the fine print should not be as fine. >> reporter: instagram now owned by facebook a company under pressure to increase its online advertising revenue says it will do that, too, making the terms easier to understand. updates to the terms are scheduled to take effect next month. in san jose, len ramirez, cbs 5. >>> good evening to you, meteorologist paul deanno. get ready for a very cold night. coldest weather we have had since january. some of you are under freeze warnin

tonight, tell you what instagram users need to know about the privacy policy. >> 26 acts of kindness goes worldwide. how people are finding hope amid the sadness in connecticut. ♪ ♪ and the flowers and the trees all laugh when you walk by ♪ ♪ and the neighbors' kids... what does being true to yourself have to do with being healthy? everything. ♪ but you're not ♪ you're the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one... >>> in the midwest, a manhunt for two bank robbers who escaped from a jail in chicago. the jail is downtown, but they got out. by tying red sheets together and climbing down 20 or so stories. those two men are accuse the of stealing more than $600,000. they're kidded armconsidered ar dangerous. fbi, and marshalls are working to find them. >> bethesda woman trying to donate christmas toys to children in need is having a tough time doing it. she says the first time she bought toys they were stolen from her apartment building. she rebought the toys. no one will peck them ick them . she would deliver them, she has multiple sc

but for people that are loyal users to instagram. it could migrate towards it twitters new photo filter feature. it could chip away at the instagram. fan base. this is a look at the application. the usual suspects, with retro, cinnamon, vintage, and black and white, by contrast. there are also a just and cropping and also a helpful grid. to show you what each will look like if it is an easy alternative. do not doubt the power of a photo filters. this has helped with getting 150 million users. if you have an android it is available at the google store. and it is coming soon to the apple store. gabe slate tech report >>jacqueline: with cooler temperatures and even more as we go for the overnight and the rainfall returning to the forecast. this live look where we are seeing clear and cooler conditions but the rain fall tonight and tomorrow. temperatures quite cold. temperatures in the 30's for out the bay area and as we take a look the satellite and radar showing through our northern california. take a look further towards washington yo

. >>> there is outrage over instagram. do you do instagram? >> no. there's a reason. >> we're out of it. why the popular social network is the subject of a growing controversy. >> finding fault. the new report that lays blame for the deadly benghazi attack in september. >> and blasting off into the history books! the major milestone for one country's space program. ,,,, 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. >>> liftoff! >> well, they used to be our major competitors. now a russian-made spacecraft blasted off into space less than an hour ago carrying a three-man crew including an american astronaut. the only way we can get an astronaut into space these days is to use the soviets -- the russians. today's launch made history with chris hatfield becoming the first canadian to command the international space station. the three men aboard the soyuz rocket will reach the space station on friday.

a lot of people canceled their instagram today.k one picture and couldn't figure out the rest. now they own the picture of my french toast. >> i liked it. i licked it. [ laughter ] >> now after snoozing speaking of uncomfortable. >> after all the back lash, instagram later said we're not going to do that. we might just track who you like and what you're following. they're trying to find ways to profit off their website. users get the service for free, just like facebook and twitter and there are consequences for that. the consequences are your privacy gets violated. >> i have a quick suggestion. show ads. twitter shows ads. in the middle of your pictures put up a picture of a juicy quarter pounder with cheese. problem solved. >> we've got international news on the show today. in sweden, a group of women basically lashed out against an anonymous instagram user. now, this guy basically posted anonymously on instagram saying he was looking for advice on "sluts." here was the reaction by the swedish girls. >> cenk: what are they doing?

instagram, i love it, use it do you?sparked a protest on social media. >> monday to popular photo sharing service announced changes to the way it shares users photoses with advertisers. in an update to the terms and conditions, they said users would agree that a business or other entity may pay us to display your user name, likeness photos in connection with paid or sponsored content or promotion without any compensation to you. >> what they can do is basically show your photos to other people. if this is something that makes you uncomfortable. it's something that you should absolutely think about when you take a picture or if you want to take a picture at all. >> the changes that would start mid january sparked the social media up roar. on twitter, boycott instagram was a trending ton i can with members vowing to delete their accounts. the public outcry is not typical of the application as loyal fan base to capture and share some of life's most personal and public moments. in november, a photo of hurricane sandy appeare

in a late afternoon blog the co-founder said instagram is backing down. in a lengthy article he tells users it's not our intention to sell your photo. we are working on updated language in the terms to make sure this is clear. he added they plan to remove language that would have allowed your picture to be part of an advertisement. but 0del says there are plenty of other ways instagram can still use your information. for those truly concerned. >> recourse is stop using it. nobody is forcing you to. >>reporter: one said she's headed that way not just with instagram. >> i don't know how much longer i will be using facebook because of these things happening. >> facebook. bay area teenager takes to facebook to support the school shoot interconnecticut. what he said and what police are saying about it tonight. that story next. >> plus. >> we don't have a gun problem in this country. wave people problem. >> gun advocate stand firm after state lawmakers get tough about ammunition and weapons. >>> bay area driver finds himself in a pretty tight spot. find out whe

instagram might not use the photographs to the fullest extent of what the policy change allows. it is not likely that when you post a picture on instagram, you will see it ending up on billboards are being sold. i think facebook is going to tread carefully, because it realizes that britain, a high ce has ruled that a 7-year-old boy with a brain tumor should have more surgery, against the wishes of his mother. sally roberts told the court she wanted further medical advice before proceeding. >> sally roberts's son will have surgery not because she wants it but because the british court demands it. her son has cancer. his doctors say he needs urgent surgery and of course of chemotherapy and radiotherapy. his mother has objected to radiotherapy and side effects. her defiance in the face of medical opinion has become a big story. >> why are you so adamant that he is not to have it? >> i have been asking the entire time, please show me evidence that he does need this treatment. the only thing they can come up with is a study from the 1940's. >> in court she withheld their consent to s

here we go. ♪ ♪ grams grams instagram for me ♪ >> jimmy: i'm not sure how many of you have heard of instagramu take a picture and post it so all your friends and followers can see it. it's so much fun. so, last week i was doing some christmas shopping for my dad. and i saw this weird thing in one of the stores. i took a picture of it and i put it on instagram. and i gave it the hashtag, #badgift. check this thing out. it's called "the head net." [ light laughter ] i don't know what the hell it is. i think it protects lumberjacks from bee stings. [ light laughter ] it's a great gift. [ light laughter ] anyway, i asked you guys at home to post your best bad gift suggestions and, boy, did you not disappoint. we got thousands of awesome pictures. thank you for that. so, let's check out some of my favorite bad gift ideas from you guys. here we go. this first photo is from norge0209. she said, "the highlight of last year's christmas, mom accidentally wrapped an empty box and gave it to me as a gift." >> steve: aw. >> jimmy: thanks, mom. appreciate it. >> steve: oh, i don't have this. >> jimmy: neve

you post a picture on instagram.go in turn and take instagram to use that photo in any way that it likes to. it does not have to pay you a cent for this. all of these changes will be taking effect on january 16. i always like to give you other options. there are lots of other names, sites like flickr, photo bucket, there are options out there. dagen: you no longer own it. they own it. i bet they change that if there is enough outrage. shibani: eye that this is a story to be continued. connell: what at which, out of a instagram photo. dagen: i would never be photographed eating. it is just not pretty. dagen: thank you, shibani. connell: we really learned a lot today. stocks now. nicole: i am glad you don't work right here. they photographed the booth. sometimes, i am eating. i am looking at goldman sachs. it was upgraded to a positive. the financials have really been stellar this month. goldman is up about 8%. citigroup is up about 13%. the trend is still to the upside. apple, of course, yesterday was 501 and change.

instagram, they have responded.ompany is backing away from this change in its policy, that said this, let me quote instagram. the terms of use. to help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your user name, likeness, photos, and/or actions you take in connection with paid or sponsored content or promotions without any compensation to you. bottom line. without your permission instagram could get paid for a picture of you. then yesterday after a revolt and backlash, instagram said it was going to modify the terms, saying on a blog it was never its intent to sell your photos. let me talk about this with matt honen, senior writer at "wired." i loved your piece. and i know you signed up very early with instagram. we'll get to your back story in a moment. off the top, crystal clear, what happens today if i post a picture to instagram? could they use it or not? >> not yet. the terms go into effect on january 16th. so there is basically

instagram pulling back. instagram want users to come to instagram instead. of the war between facebook and twitter. facebook bot instagram earlier this year. cheryl: i love that story. every 15 minutes, stocks now. nicole: deutsche bank cutting to a buy. this is one that we are continuing to watch. let's see how it is faring. certainly coming under some pressure. it is down now 5%. we do have some breaking news that we are following. google and gmail. let's go through this. the gmail service is having intermittent outages. google, itself, is saying that it is investigating this. they are acknowledging this. they have 425 million gmail users worldwide. that is an intraday picture. it is staying in the green. however, it is well off the earlier highs of the day. the other thing is it is unclear how many are affected. this is something that we will continue to follow. intermittent outages for gmail users is not good news for google. cheryl: 425 million gmail users worldwide. any headline could be perceived as a negative. dennis: it was nice of google to offer t

they're calling these posts on instagram quote/unquote slut shaming., that instagram account was closed down but quickly facebook posts started appearing. eventually the facebook posts started encouraging students to meet outside of this school because the people responsible for these awful sexually driven posts were going to be there. and therefore, nearly 500 students showed up. >> i really feel bad for young kids nowadays. social media has the power for such good, but it also can be used powerfully to slander somebody. >> police do believe a 17-year-old girl is behind the initial inta gram posting. >> this girl that was being trampled is she somebody in one of these photos or just a random person? >> we don't know the identity of the girl in the video. we did know things get violent. police were called to the scene of this. more than 27 people were arrested and many of those detained as a result of this incident. >>> charlie loves christmas lights a little too much. charlie ate some christmas lights as you can see from the x ray, those were the chri

reports instagram is looking for ways to generate some revenue through ads but it will not pimp out its users in ads it backtracked after unleashing a whole bunch of hoopla yesterday after a change to its terms we'll talk about it let's get to today's capital account. so in addition to the one point five billion dollars settlement and guilty plea to a charge of fraud from its japanese subsidiary we now know u.b.s. traders were sending e-mails saying things like i want to do one humongous deal with you when i'll pay you whatever you want to secure help manipulating rates now this language is infuriating but at least it's way more straightforward than what we get from this same rate manipulator the fed now despite ben bernanke in the past suggesting the central bank could do a better job of communicating with the public we still hear a prevalence of fed speak in need of translation here is some well that's circumstance the committee would no longer be increasing the policy accommodation its policy stance would remain highly supportive of growth finally the committee today also modified it

. >>> backtracking by instagram. the comments they are following the new photo policy. >>> westbound 24 looks good. we'll tell you more about the morning commute. >>> good morning. freeze warning out for the north bay and for good reason. temperatures already in the 20s. frost advisory elsewhere. it will be sunny today. >>> back to our continuing coverage of the newtown shootings. more victims of the school massacre will be laid to rest today. reporter republican republican -- rene marsh joins us live. >> reporter: you know the first thing that caught our attention this morning is that we saw several school buses on their way to the second day of school here in newtown since that deadly school shooting. school is very different here these days. parents have cautiously sent their kids back to school. the close knit community is forever changed because of those 20 children who will never return to class. the investigation continues into what sparked the shooting rampage. adam lanza left a smashed computer at his home b

however, instagram responded with this statement. instagram said, to be clear, it is not our intention to sell your photos. we are working on updated language in the terms to make sure it is clear instagram users own their content and instagram does not claim any ownership right over your photos. nothing about this has changed. basically that they're saying is maybe people just sort of misinterpreted the new privacy policy statements. >> good news, mapdndy. a sign that businesses are feeling better about the future of the economy, holiday bonuses are back. hallelujah. they do appear to be making a comeback. that's at least according to a survey done by challenger, gray and christmas. an estimated 72% of employers are saying they would hand out some sort of year-end bonuses here. that compares to 53% last year, 28% will hand out bonus checks based on the company's performance this year. about 17% said bonuses will be based on how well the workers performed this year. and about 14% said they're going to award a nominal bonus, something

new announcement from instagram that has users outraged. ♪ >>> i'm wendy rieger.over whether someone could have stopped the school shooter in sandy hook. we found the school that allows teachers to carry guns in the classroom. good news in prince george's county. major crime is down. county's top cop has theories about why that is happening. whether the d.c. parking meeter is red, white or blue doesn't matter where you park if you are handicapped. we are going to sort out the confusion at >>> good news if you are a procrastinator. toys "r" us will stay open 24 hours on the days leading up to the christmas. the store will be open from 6:00 a.m. on december 21 until 10:00 p.m. christmas eve. macy's is also planning to stay open 24 hours to help you out. some nordstrom's and targets will be extending their hours next week. most walmarts are already open 24 hours. >>> announcement from the new owners of instagram has many users saying they will walk away from the ultra popular app. facebook which bought instagram earlier this year says it has the right to use and sell

allow instagram to sell ads using a person's name or photo published on the website. instagram announced it would backtrack on the idea, but eventually wants to come back to users and explain its intentions. the u.s. government may expand its mortgage refinancing program to include borrowers not backed by fannie mae and freddie mac and also include borrowers who owe more than their homes are worth - about 22% of all homes with a mortgage. from department stores to bookshops to jewelry sellers, a lot of retail stocks are dragging around their empty boxes and gift wrap post- christmas. mark sebastian of option pit joins us. mark, welcome, and what happened to these retail stocks? > > it is just kind of a cacophony of bad things. we have got this fiscal cliff looming, which is scaring retail purchasers, and we have just terrible weather out east, both before and after christmas. this storm is going to be terrible, and superstorm sandy had to have depressed sales if you consider what kind of damage was done to new york and new jersey. > i was reading about that. the mid-a

be.but you can read the blog post from instagram on our pebsste, foxbaltimmre.com.t off the dishwasher withha filmy detergent additives for re dishhashees that promise to to find out whether they really can delivee crystal clear results. 3 tableefor a nice meal... yoo'd never want to use cloudd glasses like this. (natsot: sound effect)(v/o)consuuer reports put clear dishware ttrough its tough test with very hard water, and ittcame outtcoateddwith a white film. (sott"in hard water, glaasware is evvnnmore likely to develop a iim. and since polluttng detergents two years ago, the problem has otten worse." claim they an help, includdng this one frrm finish.(sot: commercial)"add finish power up to boost your etergent, difference." (v/o)consumer reports tried finish power up manufacturer's nstructions... puttiig ii in the prewash diipenser. but diipenser sizes vary... and this one dddn't hold enough to ggttthe job done. here's befooe ann after not much difference. (sot: daan &pdiclerico)"we decided to use the alternate instructionss which said to put the finish directly i

>> and you snapped it and shared it so why is instagram going to sell it? the new rules users need to know. >> and we got clear blue skies all across the bay area. it is cold out there, though. it's getting colder still overnight tonight. in fact, we have freeze warnings posted for parts of the bay area. we'll tell you where plus a look at your seven-day forecast coming up. ,,,,,,,,,,,,,,,, taking out a train on its w down.. seven cars were derailed.. t >>> take a look at this mountainside near everett, washington, giving way taking out a train on the way down. 7 cars derailed. but that's the only thing that spilled. there were no hazardous chemicals involved. how did they have a camera? >> i don't know. amazing video. >>> after weeks of deadlock, there are signs a deal on the "fiscal cliff" may be close. cbs reporter danielle nottingham is in washington, d.c. with the very latest on the negotiations and the looming deadline. >> reporter: michelle and brian, house speaker john boehner told his fellow republicans in the house that he still is trying to work

and a policy change for popular picture sharing app instagram. what it means for advertisers wanting to use your photos. lots of prepaid cards come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for one flat fee of $4.95 per month. get rid of prepaid problems. get chase liquid. >>> on wall street, stocks climbing to the highest level in two months amid optimism lawmakers are closing in on a budget deal to stop the fiscal cliff. facebook up 3.5%. apple up 2.5%. taking a live look at the big board, the dow up 97. nasdaq up 39. and s&p up 13. >>> if you use instagram, be advised your photos may end up in advertisements and you won't be paid for it. san francisco-based instagram, the photo sharing app owned by facebook, is changing its terms of service policy. it will make your photos and other information you share fair game

instagram announced it will keep its advertising section in the original form. advertisers will not be able to instagram photos and not pay them to use them. >>> police in san rafael are searching for a man who robbed a downtown bank. this is surveillance video of the suspect inside the city bank branch yesterday afternoon. he's described as a white man in his 20s. he has a shaved head and tattoos. >>> news chopper 2 flew over the scene just minutes after the robbery. we saw police searching for evidence with their flashlights. >>> pg&e customers will see their bills to go up and pay for improvements related to the gas pipeline explosion. state regulators have approved a plan for a two year rate increase that is expected to bring $299 million. the funds will replace and upgrades hundreds of miles of gas transmission lines. the explosion killed eight people and destroyed 38 homes. >> pg&e will profit. they will actually make money. $130million because of what happened in san bruno and they shouldn't be allowed to do that. >> residential customers will see their m