for decades, intel has led the world in developing new technology. but even as global competition has intensified, this company has invested, built, and hired here in america. 3/4 of intel products are made by american workers. as the company expands in oregon and arizona, they plan to hire another 4000 people this year. companies like intel are proving that we can compete, that instead of just being the nation that buys what is made overseas, which can make things in america and seldom around the globe. winning this competition depends upon the ingenuity of our private sector, which was on display in our visit today. it will also depend on what we do as a nation to make america the best place on earth to do business. over the next 10 years, over half of all new jobs will require education beyond high school. many require proficiency in math and science. we have fallen behind in math, science, and graduation rates. as a result, companies like intel struggle to hire american workers with the skills that fit their needs. if we want to win the global co

so you guys have been pretty busy here at intel.ven countless student kochanski perceived and for that you should be very proud. .. if you can spark a student's interest in math or science who would have otherwise drop out, you might not just changing a child's life you may nurture the challenge that discovers the breakthrough that changes this industry for ever. in fact before i came here, i read a story about a young university of oregon graduate, his name is one nabil and he joined intel as an engineer in 1993. after working with so many other employees who had degrees he decided to go back to school and get his phd in chemistry at portland state university. thanks to intel he was able to pay for his degree and keep his full-time job. during that time, intel was trying to buy a faster more efficient way to process microchips' but nobody could figure it out and asked at least eight other companies and research labs for help. some say it couldn't be done and others worked on a three-year leave the vehicle nearly a year with no succ

. >> and intel is putting their profit margin? >> with respect to being an that silicon valley will freeze our stock. and basically, a lot of wall street people are saying that there could be a merger and acquisition on the forecast? however, because they are still trading. and with ultimately, with intel saying that they have a processor/ship that could be a-chip that could have a flaw with impacting the stock. and what is good for amd is bad for intel and vice versa. and also, to shoot the other possibilities and i was wrong. and ultimately, and tel is p--intel is having difficulty getting a new chip into the marketplace. this is just miner for intel rafeal. >> and still increasing sales? >> and intel as having a difficult to with this in the marketplace could just a minor setback. >> ultimately, it was and non-event. . >> stay with us. we will be back. after this break. >> a look through oakland. near the la escuelita elementary school at 1100 3rd avenue in oakland reports earlier of an anonymous call that the was a man on a ca

one of the campuses of intel.king to some of the people here about competition and about education. and after the president's remarks we will be taking you to the capitol visitor center for a press conference with the house democratic leadership. we expect to hear from house minority leader nancy pelosi, democratic whip steny hoyer and congressman james clyburn after the president's remarks. they will be addressing the bill that is being debated on the house floor right now. we are at about 18 hours more a debate on that bill, and about 109 mins ago. again just waiting for the president's comments here in hillsboro, oregon. ♪ ♪ ♪ ♪ ♪ ♪ >> while we're waiting for president obama to appear on the stage in hillsboro, oregon, at one of the campuses of intel we will let you know what his schedule is looking like for next week on presidents' day monday, the president has no public events scheduled. on tuesday he and members of his cabinet will be going to cleveland, ohio. the white house will be convening a winning of t

but with intel now we have an opportunity to have even more. and not only is it financially acreetive to intel so good for share lders, but also good for mcafee employees because get to innovate, do more than we ever could before, and particularly the insight from the silicone layer is critical to solving some of the problems we're seeing in the market, things like what's called root kit and mall wears that, essentially, really below the operating system. and this is what gives us this new model opportunity is what we call hardware-enabled security. the architecture will be open to our competitors both at the chip layer and the security layer, but this innovation is unique and, i think, long overdue. and we're excited to bring new products and be new ways to solve, you know, some of these challenges the world is facing, and we have a lot of them in the cyber world. >> host: dave dewalt, in a recent op-ed this hill newspaper, you talked about strengthening cyber defense and gave some advice to the u.s. government. there were three points you mad

i am excited to go to the next level with intel. we have been working with them for more than 18 months prior to the announcement in august to announce the merger. we had an opportunity to build a road map and strategy together as we announced the merger. this is pretty much the same thing mcafee has been doing for many years. it is an opportunity to go faster and at the strategy. intel is a company that prides itself on innovation and quality. it is a great honor for us. security is one of the three pillars of what intel is trying to do in the marketplace. they have been focusing on power and performance and internet connectivity. to add security as a major pillar is exciting for the mcafee employees. as we go into the next phase of our companies life cycle, we're looking forward to new products and innovation and new ways to solve some of the nastiest and most insidious security problems in the world. we're not yet closed with the acquisition. we're still in the proposed merger state. we need regulatory approval to finish the acqu

we have been working with intel for more than 18 months. prior to the announcement we did in august to announce the merger, and we really had an opportunity to build the road map, build a strategy together as we announced the merger. and this is really pretty much the same thing. mcafee has been doing it for many years. really now an opportunity to go faster and at that strategy and intel as you know is a company who really prides itself on innovation, on quality and really it is a great honor for us at mcafee now to -- securities one of the three pillars of really what intel is trying to do in the marketplace and when we made the announcement, they have been focusing in on power and performance and internet connectivity and now to add security of the major pillar is a -- employees and of course as we go into the next phase of our companies lifecycle, we are looking forward to a lot of new products, a lot of new innovation and it weighs to follow some of the nastiest most insidious security problems in the world. we are not let you -- get c

and intel and organ.ht, eric schmidt from google, steve jobs from apple, zuckerberg from pace spoke in a variety of others to talk about innovation. zuckerberg from-facebook. and to get fuel back to work. >>pam: you can see that he landed at the perfect time. no rain! our >> absolutely, and it looks like it the rain is coin tthe correct backup as he is on the board for. >>pam: thank you, dan kerman. wheat will be right back live from the kron 4 news station, this is the kron 4 news. s 6:00 p.m. >>pam: 6:00 p.m., the rainfall all night with power outages and flooded roadways. this is from oakland. 14th avenue, riddled with puddles raid on the embarcadero, and snowfall in napa county. this is highway 29 near mount st. helena. the road is closed because of the winter reconditions. i guess i am wondering what [laughter] jacqueline? >>jacqueline: and scattered weather cells but nothing quite as what we saw, earlier. through the coast, and the east. >>pam: what can we expect in the next couple of hours? >>jacqu

intel is paying for the refunds. >> the problem could cost intel a billion dollars by the time it is> reporter: at least twice as expensive as the problem intel had with chips back in the 1990s. trading in shares of intel halted on the nasdaq as news came across. but in the end, investors weren't as alarmed as you might expect. intel makes so much money, perhaps, that a billion dollars is manageable. >>> president obama asked that america focus on entrepreneurs in his recent state of the union speech. the white house has launched a thing called start up america. a new effort to boost start-ups. intel and hp have given time and expense. >> we are excited about what president obama said during the state of the union. all of us here in sill cohn valley gave a what ray because we are passionate about the economy like everyone else. >> one of the things is the access to expertise companies will get. a lot of experts in these big companies can held start up the new effort to match those people up. >> interesting. thank you very much, scott. >>> 5:53 right now. fans may love to hate tiger w

obama said that intel had, quote, placed its bet on america. the president also defends intel's initiative to encourage young people to become scientists and engineers. mr. obama arrived in oregon a few hours ago, touching down on air force one at portland international after spending last night in the bay area. will obama lifted off from sfo at aren't 8:45. he attended a denar at the home of a venture capitalist. the dinner guest list was a who's who of bay area high-tech superstars, including the ceo of twitter, the ceo of oracle, steve jobs of apple and mark zuckerberg of facebook got some one on one time with mr. obama. >>> we have video from the top of mount hamilton in santa clara county that was e-mailed to us. the cal tran truck is equipped with a snow plow but at last check, mount hamilton road was closed. skyline boulevard in santa cruz county and mount st. helena got snow. >>> ski conditions are expected to be the best this winter but with even more snow coming down later today, roads will be tough to navigate. one chain installer sa

today he will visit an intel plant up in portland, oregon and then named intel's ceo to his jobs andtitiveness advisory council. >>> pg&e says costs from that deadly pipeline explosion in san bruno could exceed $760 million by the end of the year. that includes up to $300 million in 2011 for pipeline tests, records searches and related efforts. the company says it may pass some of that cost to the customers. >>> in the east bay drug cop arrested on drug charges were have his first court appearance this afternoon. norman wielsch is scheduled to be arraigned on charges he stole confiscated drugs and sold them. a friend of his is facing similar charges. >>> it is 5:20. a ribbon-cutting ceremony planned this morning in vallejo for the first ever recycling plant of ships. they are expected to dismantle many old military ships in the mothball fleet in suisun bay on mare island. now they have contracts to dismantle two of the ships. the process could take months. allied defense will have to bid for future jobs. >>> san francisco recreation and parks commissioners working on ways to raise mo

this is intel president and ceo paul odallini. he's going to be named to the council of jobs and competitiveness. he's not always supportive of the president's policies. take a look at the president arriving out here at sfo yesterday afternoon. lieutenant governor gavin newsom was on hand. the president took off for a business meeting and dinner. the president going to woodside estate capitalist john door and other heavy hitters. the guests including apple ceo steve jobs, google ceo eric schmidt, oracle's larry ellison, yahoo's carol bartz. all to talk about jobs in hi-tech and green tech. >> as a country if we could figure out a way to build programs and support systems to encourage people to go into engineering and reward them accordingly. then that would be i think an important part of the future. >> and in this day and age when everybody's got a camera, this is the one picture that the white house is releasing, the president talking to mark zuckerberg. didn't have phones at the ready? just kidding. didn't want them so owish at

the president and ceo of intel. leaders of apple, oracle cisco yahoo were all there last night. this is the one picture the white house is releasing president obama with facebook.com founder mark zuckerberg and we're told he befriended mark at that meeting last night. the president is taking off from here heading up to intel and going up there not only to administer odalini but the biggest manufacturing plant in the world. >> it's 5:33 now. a veteran east bay narcotics agent is expected to be in court today to face charges of stealing drug evidence and trying to sell it. amy hollyfield is live at the contra costa courthouse in martinez where he's been many time wearing a badge but, amy a jumpsuit this time. >> it's tough to believe and everyone's talking about it here. now defense attorneys are looking at their cases eric. the public defender says she's taking a look at all the cases that involve welsh. with his creditability on the line these caseses are in question. norman welch was in jail commander of the narcot

>> what i really like about intel right now, about 95% of corporate management talk bullish when you interview them but there are two brom tefrz sincerity they like to see. one is companies raising its dividend, and another one is insiders are buying. at intel you see both of those sincerity barometers at work so that's the biggest reason i like it. >> tom: not just technology but you're getting into automotive manufacturing, magna international, an auto parts maker that has been on fire this year as auto buying and manufacturing has come back. again, presumably, is this a global play or more north american auto market? >> well, it is in fact global but it's mostly north america that interests me right now. one could buy general motors, or ford, but i like to buy stocks with strong balance sheets. and i don't find many car makers or auto parts makers that do but magna does so that's why i chose magna. >> tom: you also like an industrial company, foul industries, makes industrial fans and other equipment. kind of a choppy chart over the past 12 months, pretty volatile, and it's at the

intel's commitment begins at a younger age.hat provide training to help 100,000 math and science teachers improve their skills in the classroom. i am meeting a few students in oregon who are in engineering competitions that intel's bonds across america. one young woman conducted a chemistry experiment that investigated ways to protect our water from pollution. another student applied the principles of quantum physics to design of faster computer chips. we're talking about high school students. these have been a tough few years for our country, and in tough times, it is natural to question what the future holds. but when you meet young people like this, it is hard not to be inspired. and it is impossible not to be confident about america. we're poised to lead in this new century, and not because of the good work like large companies like intel are doing. many are trying to start the next intel, or getting a note -- a small business of the run off the ground. i will be meeting with them -- some of these people in cleveland to tal

he gives the week's address from intel corp. facility that he visited yesterday near portland, oregon. he is followed by house budget committee member tom price with the gop address. he talks about the 2012 budget request and the need to cut government spending to create a better environment for job creation. his remarks follow a series of amendments passed by house republicans early this morning that would reduce 2011 federal spending by $61 billion. >> i am speaking to you from just upside portland, ore., wehrheim visiting intel, a company that helped pioneer the digital age. i just came from a tour of an assembly line were highly skilled technicians are building microprocessors that run everything from desktop computers to smart phones. but these workers are not just manufacturing high-tech computer chips. they are showing us how america will win the future. for decades, intel has led the world and developing new technologies. but even as global competition is exemplified, this company has invested, build, and hired right her

intel brasil revealed the design error. h-p has stopped making them.customers who bought the machine can get a refund or exchange. dell says for models were affected along with several plant products. big day for arising customers who can't wait to get their hands on the iphone. they can now breathe ordered the i phone-4. demand could outpace supplies so they will be sold first-come, first- served. it officially goes on sale february 10th. tech news, tech reporter gate slate has the latest on a new announcement from google. >> look at ipad, google has a press congress to show what they are offering. they developed technique knowhoneycoa special operating system for such computers. they're hoping tablet running on honeycombed will do the same ring people from the at what to do those version. you have your most use abs here, e-mail, right in the center next to your calendar. it has a cool www.youtube.com feature the most popular at the day. it seems a very easy to use come with clean, simple a good alternative. 3 d graphics, video games look great. i've

than no intel at all. obviously, that's wrong. even better outcome is intel in the u.s. if intel were in hungary, that would still be benefiting everybody in the u.s. a lot. let's remember that and ask the question, in fact, does it make any difference? the answer actually is yes. there are academic studies that show that innovation done in the u.s. is more official than the innovation abroad. reminder, the innovation abroad is beneficial, but which is more. i think there's evidence that all of these talked about is true. bringing people to the u.s. improved their capacity for integration and commercialization. that's better than having the people do their work abroad. okay. let's just think about two other possibilities. so at the very beginning, i was talking about how the immigrants themselves might be extremely capable. their contribution to the u.s. might be even bigger than the individual productivity, if they improved the produce of the native born. i work better when my colleagues work better, and immigrants might produce the capacity of the native born. on the o

the intel plant is one of the most-advanced microchip manufacturing facilities in the world. the president says he was most impress bid leg yoz built by 7th grade girls. >> i used to build some pretty mean lego towers when i was a kid. i thought i can participate. only these students used legos to build models to build robots that were programable to model brain that's could repair broken bones. >> also today the white house posted a few seconds of video of the president talking with facebook founder mark zuckerberg. that is from the dinner of executives in woodside last night. >> governor brown unleashed his budget-cutting on swag that, is stuff we get free sometimes, things like this flashing light the state was giving away. altogether the stuff cost $7.5 million between 2007 and to 10. -- 2010. and caltrans spent $5 million on keychains and other give aways. the governor hasn't decided what to do and is looking for suggestions from the public on that. >> and legislation that calls for strict monitoring of energy use and large san francisco commercial buildings is now city

he toured a intel plant outside portland, oregon and afterwards said intel is proof education and worker training is a good investment, even when the economy is down. we're also getting a behind-the- scenes look at the bay area visit. the white house released these photos at a private dinner in woodside on thursday night. venture capitollist john dore takenned that event. show you a second photo now, the president talk to mark zuckerberg, the 26-year-old founder of facebook. >>> governor brown ordered state agencies to stop buying and handing out freebies, keychains, bags and other items. he says the states can no longer afforder ford it. >> having these plastic the rest of it, adds up to millions of dollars, that's something we ought to eliminate. >> the rule follows measures to recall thousands of state issued cell phones and reduce the state's vehicle fleet. the order is part of his effort to close a $27 billion budget deficit. the governor says he is hopefully at the can reach a budget deal with the legislature by march 10th. that will allow him to put tax extensions on the june ball

today, he will visit an intel plant up in portland, oregon and name intel's ceo to his jobs and competitivenessy council. former president bill clinton is already in the bay area. he speaks today to a computer security conference at the moscone center in san francisco. he plans to talk about the challenge of globalization and the growing interdependence between nations. >>> and pg&e's costs from that deadly pipeline explosion in san bruno keep climbing. the utility says inspection, lawsuits and other expenses could exceed $760 million by the end of the year and pg&e says it may need to pass on some of the costs to its customers. >>> if you don't pay your rent on time your credit score will suffer. for the first time, experian is putting monthly rentals on the credit reports. property managers question this new reporting policy. >> but when you start allowing home owners who are landlords, who maybe own one or two properties who are not professionals, there is the potential for unintentional or intentional abuse. >> but it's happening nonetheless so beware, that means your late-paying roommate c

be no intel at all.odyssey that is wrong. perhaps a better outcome is intel in u.s. but if it intel is in hungary, it would benefit everyone. let's remember that and ask the question, doesn't make any difference. the answer is yes. academic studies that show that innovation done and the united states is more beneficial to the u.s. and innovation a broad, but just reminded innovation abroad is beneficial as well. it's just a question of which is more beneficial. so i think there's evidence that all these conditions i talk about is true that many people to the u.s. actually improves their capacity for innovation and commercialization, and that is somewhat better for the u.s. and having those people do their work abroad. okay. let's just take about two other possibilities. so at the very beginning i was talking about how the immigrants themselves might be extremely capable. their contribution to the u.s. might be even bigger than individual productivity if they improve the performance of the nativeborn. so

last year intel unveiled a 10- year, $200 million commitment to promote math and science. >>> congress today passed a series of amendments to president obama's spending plan, one which shifts money from planned parenthood clinics. the debate generated a stunning first-hand story from jackie spear. mike webak went to her office, where the action was immediate. >> reporter: the phones rang, the e-mails filtered in. constituents thanking her for her words. congresswoman spear revealed her personal story during a debate on an amendment to eliminate funding for planned parenthood after one woman said nothing passionate about abortion, spear spoke up. >> i lost a baby, but for you to stand on this floor and suggest as you have that somehow this is a procedure that is either welcomed or done cavalierly or done without any thought is propesterous. >> reporter: federal law already prevents planned parenthood from using federal funds abortions. but this funding is cut for many more services. >> the whole planned parenthood -- whether it's abortion or, you know, pre-marital guidance on sexual act

last year intel unveiled a 10- year, $200 million commitment to promote math and science. >>> congress today passed a series of amendments to president obama's spending plan, one which shifts money from planned parenthood clinics. the debate generated a stunning first-hand story from jackie spear. mike webak went to her office, where the action was immediate. >> reporter: the phones rang, the e-mails filtered in. constituents thanking her for her words. congresswoman spear revealed her personal story during a debate on an amendment to eliminate funding for planned parenthood after one woman said nothing passionate about abortion, spear spoke up. >> i lost a baby, but for you to stand on this floor and suggest as you have that somehow this is a procedure that is either welcomed or done cavalierly or done without any thought is propesterous. >> reporter: federal law already prevents planned parenthood from using federal funds abortions. but this funding is cut for many more services. >> the whole planned parenthood -- whether it's abortion or, you know, pre-marital guidance on sexual act

obama will name intel corp. ceo paul otellino to the jobs and competitiveness council during a visit to the company's semiconductor manufacturing facility in hillsboro, ore. as recently as september, otellini complained that administration policies had created too much uncertainty for businesses and had failed to spark job growth or boost consumer confidence in the economy. so it seems the president barack obama is saying " ok you give a try " >> mark: out of egypt thousands gathering and praying today. it will have a march through the square. they continued to mark the one week date of mubarak's stepping down. the aim of the march is to keep up the spirit of the earlier protests alive. they're playing music and some are selling souvenirs as than a week for prayers to begin. they're worried the military that is running the country will not change enough. >> callerdemonstrators moving ie direction of pro square a day after riot police swept into the area to destroy an encampment. most of the protesters were sleep

hillsborough, oregon, where the president plans to tour the semi conductor manufacturing plant for intel. ken, it's going to be an interesting meeting because intel ceo criticized him saying his policies created some uncertainty for business. >> yeah, should be interesting day as well. linda yee in wood side. thank you linda. >>> get ready to work longer, pay more into retirement and bonus payments for retirees, forget about it. that's what san jose mayor chuck reed told city employees in his state of the city speech tonight. outlining his plan to save the city from what he calls fiscal disaster. among other things, reed wants city employees to have to work until social security retirement age to be eligible for full city retirement benefits. >> there is no more money. the well is dry. the $445 million we're spending on public safety this year is more than we will receive in revenues from the property tax, sales tax. >> well you know, if i understood the mayor correctly tonight, he wants us to work to age 67. i got to ask you, how comfortable would a 65-year-old or a 67-year-old feel cha

that helped out intel. the citi analyst also mentioned advanced micro devices and marvell as benefiting from a pick-up in computer demand. a.m.d. added 2%. marvell jumped 5% on the optimism. more signs the advertising market is finally picking up. interpublic jumped 8% on heavy volume. just shy of new 52-week high. a strong earnings report and confidence in the future, as evident by a new dividend and stock buyback plan. beyond advertising, cbs shares popped almost 7% to a new 52- week high. nice rally here, almost doubling from summertime low. it predicts an increase in revenues from what other tv station owners pay to broadcast its programming, in addition to the cash it gets from cable and satellite providers. other tv network owners, newscorp, comcast, disney each saw buying interest as well. a threat to the tv business has been apple. now we saw a small gain today ahead of next week. on wednesday, the company is expected to unveil a new ipad. now that ipad and the iphone have been good for apple and it

intel makes the chips that power computers but the manufacturing job that power the economy have long left silicon valley. >> we still do three quarters of our manufacturing in the united states but mostly in oregon, arizona and new mexico. >> reporter: why not silicon valley and california? >> he says taxes are too high. >> these companies are capital intensive. we build one every two years. they take billions of dollars to build. a tax break is critically important and none of those tax breaks exist in california any longer. >> reporter: president obama will meet with high tech executives from silicon valley but the president will have to travel to oregon for a photo op of him touring a new intel manufacturing plant. the mayor chuck reed says there is something wrong with that picture. >> the jobs are being created not necessarily staying in california and california has a terrible record on job creation, something that the state needs to change. >> reporter: manufacturing was once a source of employment providing many thousands of good middle american jobs but the loss of those job

intel chairman will get a new job but he won't be leaving the santa clara based chip maker. paul will be named to the white house jobs and competitiveness council. the announcement will come later today when he tours president obama around intel new facility in oregon. the intel ceo has complained the obama administration policy has created uncertainty for businesses. >>> let's go to wall street and check in on the numbers. the dow jones just up 15 points to 12,333. looking overseas for indication of balance there. there are concerns about china with some government policies this morning. our numbers are up slightly. >>> one of the biggest hotels in las vegas is canceling its $20 fee for a nonsmoking room. the mgm grand asked customize their rooms for fees with early check in, pool view, or guaranteed nonsmoking room. mgm grand rescinded the fee. now it will charge $20 for a guaranteed smoking room. >> interesting. >>> time now 6:52. a man in nevada will spend the next year in jail because of something he was keeping in his freezer. >>> and it was a turning point for 100 con

will give a refund to customers who bought personal computers that use a flawed intel chip. the world's largest p.c. maker thinks only a small fraction of its computers were affected by the design flaw announced earlier this week by intel. number two p.c. maker dell says four of its computers were affected, under its xps, vostro and alienware brands. dell will work with customers >> tom: when you're at work, do you see more women than men? you're not alone. in the "money file" tonight, manisha thakor has a lesson in shifting workplace dynamics. she's co-author of "on my own two feet: a modern girl's guide to personal finance." >> in 2010, the number of women in the paid workforce eclipsed the number of men for the first time. i call this trend "the rise of the sugar mamma." now, you may be thinking "what's a sugar mamma?" or... can she really talk about that on primetime tv? to me, it's rosie the riveter, part 2. the increased reliance of families on women's incomes has seismic social implications. to draw attention to this trend, i'm taking a term that has historically been

. >>> intel says a computer chip design error will cost it $1 billion in expenses and missed sales. the design flaw is in a support chip for intel's latest processor called sandy bridge, most of the money will be spent replacing thosy chips. >>> pizzamakers are gearing up for one of their biggest days of the year, super bowl sunday. sales usually go up around 35%. nerms of toppings football fans generally prefer old school toppings like sausageage pepperoni. most don't include toppings like sun-dried tomatoes. one of the five biggest days, halloween, day before thanksgiving, new year's eve, new year's day, when people like pizza. >> absolutely. the game, grub, beer and game. that's the combination. >>> coming up on this tuesday morning do red light cameras save lives? new report out this morning. >> a lesson for every parent, how a 3-year-old saved her mom's life. [ sighs ] morning! mor-ning. i'm your genie. you're wishing for... a tasty fiber cereal? well you don't want that one. kellogg's fiber plus cereal. the delicious taste of berries, 40% of your daily fiber... plus...wait for

intel promised $200 million. i.b.m. pledged $150 million. h.p. will give $4 million. and facebook will host 12 start- up days for would-be business owners who want to work on web sites and social applications. tom, the white house plans to contribute money to encourage entrepreneurs when uncle sam's budget is rolled out next month. this is a good cause. >> tom: it is a good cause, and we heard from diane how entrepreneurial last century howed success in this century for generations to come. >> susie: we have to get moving on that, that's for sure. that's nightly business report for this monday, january 3 1st. i'm susie gharib. good night, everyone. good night to you, tom. >> tom: have a great night, susy. i'm tom hudson. we hope to see you right back here tomorrow night. this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video. to order this dvd, call 1-800- play-pbs

intel says it shipped 8 million of the defective shipped. but fully assembled pcs for those ships have been on sale only since january 9. >>> who is number one in the world among smart phones? google's android, if you ask consumers. more than 33 million of those phones were shipped during the 4th quarter last year. nokia's symbian came in second followed by the iphone. i wonder where my samsung rogue ranks on that list. [ laughter ] >> somewhere near the bottom, i'm sure. >>> it is 4:46. he was knocked unconscious by a 25-foot wave. >> now this sufferer survivor is telling his story. what kept the surfer holding on during his near death experience at mavericks. >>> plus, a major fine if they catch you running a light. now a reality check on the red light cameras. are they lifesavers or accident causers? at&t u-verse tv. tv like you've never seen before at a really great price. go now to the website below and get u-verse tv starting at just $29 a month for six months, dvr included. or get up to $300 in a promotion card with a qualifying u-ver

heading up to oregon and touring intel out there. this is all part of a nationwide push talking about the economy, talking about forward thinking business, talking and showing off success and that is one of the reasons he is here in the bay area. >> it is such a spectacular plane. a boing 747 completely reoutfitted on the inside. it's basically a flying white house. president obama should be stepping off momentarily. again it's just a very, very short trip. he actually will be leaving at 8:45 tomorrow morning heading out to an intel office up in oregon. while he's here they'll be talking about jobs and how to bring this country out of the recession. the list tonight of people who he will be meeting with, by my count at least three billionaires, possibly many. a number of millionaires as well. i mean the wealth at the meeting tonight is just outstanding. and the powerful some of the most powerful and wealthiest people here in the bay area. let's go out now to david stevenson who is out there near the tarmac at sfo, david. >> frank, ye

all the attention on intel this morning because of where the president is going today and the important job he gave to its ceo. terry mcsweeney is live at san francisco international airport. terry? >> president obama expected to take off from san francisco international about 8:30 this morning headed to intel just outside of portland, oregon. but last night here in the silicon valley, he met with the nation's hi-tech brain trust. take a look at pictures of the president as he arrived at sfo being greeted by former mayor and now lieutenant gavin newsom, san francisco mayor ed lee and then it was time to get down to business. president obama heading over to the woodside estate of venture capitalist john door. the guests at the estate. steve jobs, google ceo eric schmidt, facebook.com founder mark zuckerberg. larry ellison. cisco's john chambers, yahoo's carol bartz, discussion how to promote jobs in hi-tech and green tech. >> as a country if we could figure out a way to build programs and support systems to encourage people to go into engineering and reward them accordingly, then that wo

this freshman is testing a prototype developed by intel labs to measure air quality in realtime. eventually intel hopes to put the air quality monitors in a more portable package like on your cell phone. >> some day you may be able to test your air quality indoors and outdoors before you do whatever you want to do. before you take a run or you take the kids to school. >> reporter: for john just knowing when to play outside could save his life. chicago ki vicky nguyen for "today in the east bay." >>> christina loren has a look at your forecast now. >> you get the best air quality at the beginning of the day before the cars hit the highway. the worst is the rush hour in the evening. 70 degrees in oakland. you can't beat that. when it comes to february temperatures we are usually in the 50s. 58 degrees is the arch this time of the year. 70 degrees is much warmer than normal. we could break some records across the east bay this afternoon. 71 degrees by friday. we are up to 72 degrees for the weekend. staying nice through the middle of next week. yes, as the east coast gets a winter w

. >> still ahead, a computer chip error may cost intel billions of dollars. the "moneyscope" report is next. >> also the surprising support some embattled u.c. berkeley sports programs are getting from a rival. >> gave me another opportunity to expand my horizon. >> and a bay area television exclusive. we'll go one-on-one with elton john on his new passion: making movies. >> closed captioning brought to you by mancini sleepworld. >>> good morning. we begin your "moneyscope" report with exxon mobile reporting a very profitable quarter. its biggest profit in two years largely thanks to rising oil demand worldwide. investigators accuse the natural gas industry violating the clean water act injecting diesel fuel into the ground during drilling. they denied breaking the law. intel says the computer chip design error will cost it a billion dollars in expensive and missed sales. most of that money will be spent replacing the faulty chips. and pizza makers are gearing up for one of its biggest days of the year, super bowl sunday. sales go up 35%. pizzas likely to be

genentech's arthur levinson and the heads of other goliath like cisco and intel and google. >>> while the bay area remains on storm watch tonight the heavy rain that crossed the south bay caused the guadalupe river to rise. but it's not just rain. tonight the big chill is moving in. in fact, tomorrow's highs will be new lows for us. chief meteorologist jeff ranieri is tracking the cold but we begin in the east bay with nbc bay area cheryl hurd and the problems caused by all of our recent rain. cheryl. >> reporter: jess, right now the ground is wet and it's sprinkling off and on a little bit tonight but the big story tonight is it's cold. the temperature's been vacillatinging between 44 and 45 degrees and drumroll please i believe that it is 45 degrees, but earlier tonight -- earlier today the big news was the wind and the rain. >> it was really loud. sound luke a freight train. >> reporter: instead it was a huge tree crashing down on zachary and chelsea in the oakland hills. kevin hershey says should go out and play the lottery. his vintage chrysler parked inside of his house was just

. >> reporter: on friday, the president will be continuing his visit with intel's ceo paul oat lean anyill be going to oregon for a quick stop at intel's newest chip manufacturing facility there in oregon. it's still under construction but the president will be getting a personalized tour from the ceo of intel and that facility is said to be the most advanced chip manufacturing plant in the world. i'm matt bigler in san jose for cbs 5. >> thank you. >>> the white house says the $3.7 trillion budget plan would cut $1 trillion from the deficit over the next decade. spending cuts would affect programs from urban grants to heating assistance for low- income families. >> you don't take a meat axe to this economy and cut things just for the sake of telling the american people you met a certain number. >> this budget does more spending, more taxing, more borrowing. >> republicans in the house are work on $61 billion worth of cuts to the current budget. >>> egypt is asking for international aid to help repair the economic damage from days of protests against president hosni mubarak. a statement

you gave these examples of intell and google. there's two types of immigration involved in that. one that comes here to study, and one that came here for political reasons. either with a visa not necessarily to study, but for political asylum, and both examples, intel and google, are the latter, i think. >> response? >> [inaudible] >> anybody like to comment on that? >> oh, okay, in this case, back there, yes. >> hi, i'm jennifer miller, a doctorate candidate at usc chapel hill. you mentioned an intriguing counterfact if google were a russian company, but do we know that that is the alternative outcome are perhaps these entrepreneurial success stories due to some of our other institutions around the u.s., and mike counterfactual if we waited a few more years before the companies were founded, and then they would have been u.s. companies by the next person who grasped a similar idea. >> good question. counterfactuals are always hard to test by definition. i think it is apparent that the united states is facing growing competition for entrepreneurship especially in the i.t. area. i

there is common ground, however, intel ceo is a new member of the council on jobs and competitiveness. they're big supporters of science competitions and education. the president got to see student projects visiting a new intel chip making plant. >> in today's economy, it's one of the biggest predictors of a nation's success. >> the president's visit was a topic of discussion at the annual state of the valley conference. and leaders believe the leaders need to refocus though many are making more than half of the sales overseas. >> the companies are global now and have development jernts around the world. how do you inspire those companies? this shares benefits with the real economy. >> however, u.s. companies are reluctant to bring earnings due to a 35% tax rate. >> this is billions they can't bring back here. >> once again, ideas emnating from silicon valley will elevate the national economy. >> now a lot of people are reading tea leaves over who got to sit where last night at the dinner with the president. take a look, starting to left that is steve jobs and former ebay execkive ste