jane king has more in the bloomberg business report. >> good morning. housing is still the weakest part of the economy. there are a few signs it is regaining its footing. we will get a report on housing starts. it tells us what the builders are doing and their activity. it is expected to show a rise for the first time in three months. a separate report not building permits. that should show an increase as well. fannie mae has its analysis on home ownership. my new orders -- minorities still of strong aspirations to own a home. fannie mae says these groups could drive future purchases. so far this morning, we're looking pretty flat for the start of things today. we have had a couple of weeks with little direction in stocks. a slight pullback with the s&p falling from its two-year high. lockheed martin and boeing says aerospace sales may rise next year. military orders, under pressure because of federal budget deficits. american airlines will boost the prices of domestic flights $10 roundtrip. most of its competitors have matched those fare increases. tha

jane king has more in the bloomberg business report. >> investors continued to keep a close eye on the tax cut bill be voted on by the senate today. part of the bill extends income tax cuts and revives dozens of expired business tax breaks. this could be big news for boeing. the company will get a tax credit for research and development. back on wall street, we had a higher day and retail sales beat estimates. under armour took down the bloomberg maryland index. best buy had one of their worst days on wall street after the company slashed their annual payroll forecast. shares make him under more pressure. oppenheimer cut its toll-month profit and downgraded its stock. american men spent twice as much on their mistress as they do on their wives. jewelry tops the list. also found men are spending 20% less on their wives compared with 2006. i'm jane king reporting for wbal-tv 11 news. >> it is 19 degrees on tv hill. >> a big star makes a dramatic entrance, but not without paying a painful price. i wonder who that was. don't forget to e-mail us your response to our water cooler question of

jane king has a look at today's bloomberg business report. good morning. >> loss streak on fed watch today as the governors held their last meeting of the year. ben bernanke and policy makers may be ready to buy even more treasury bonds in a move to further stimulate the economy. it would be beyond the $600 billion they have previously announced they would buy. we checked the pulse and economists expect strong sales are expected for a fifth straight month. we have stock futures a low but positive. a mixed close yesterday. the markets have not moved much. the tech stocks were the weak ones yesterday. from new economy too old. two companies looking to reduce their head count. yahoo! intends to cut 5% of their workforce. the shake-up could happen as early as today. job cuts have been swirling around the tech blogs for the last few weeks. general motors offering a $60,000 buyout package to about 2000 of their workers. the use buyouts to trim their work force. at the new york stock exchange, i'm jane king reporting for wbal-tv 11 news. back to you

i'm jane king for wbal-tv 11 news. >> it is 18 degrees on tv hill. another check on weather and traffic is straight ahead. >> baltimore county educators throw their doors open to the men and women who will be passing laws that affect their school system. >> here is a look at last night's winning maryland lottery numbers. good luck. [ female announcer ] pillsbury holiday cookies. in just three ingredients. start withookie dough. ♪ add frosting. [ giggles ] [ female announcer ] then sprinkles. [ both giggle ] [ female announcer ] fun. easy. [ child ] wow. [ female announcer ] at pillsbury.com. with cinnabon cinnamon have such a sweet and delicious aroma that my family can't wait to get their hands on them. enjoy cinnabon cinnamon... now in all pillsbury cinnamon rolls. >> now traffic pulse 11 and insta-weather plus together. >> good morning. kim dacey checking on your morning commute. those wind warnings on the key bridge have been lifted. we still have some water main breaks in the city. one is on south highland. alltel that will be clinton street. an

jane king has a look at the business news in the bloomberg business report. >> good morning. sturdier infant cribs maybe on the way. there will be a vote on rules that can change crib design entirely. these old drop down design has been linked to two doesn't infant deaths. better designed cribs can cost half a billion dollars. keeping an eye on the proposal to extend the bush-era tax cuts. the measure has to the senate floor later this morning. if it passes, it will make its way to the house. president obama is meeting with about 20 ceo's and will discuss trade and unemployment as the president battles the perception that his white house is anti- business. we do get reads on inflation and industrial production. we did have a higher day yesterday. november retail sales came out higher than expected. we did some shopping in november. pork chop performance as workers lose sleep. qlogic pour work performance -- poor work performance as workers lose sleep. nearly one in four office workers admits to taking a nap at work. i'm jane king reporting for wbal-tv 11 news. >> have you eve

jane king has the bloomberg business report. good morning.appy friday. >> the federal reserve proposing rules that could cut down the charge transaction fees by 90%. this threatens the fastest- growing parts of the visa and mastercard business. mastercard has openly criticized the proposal saying it would ship costs to consumers. said it would create unintended consequences for consumers. if you do not want to brave the tax stores, you may want to shop online. you can place orders just before midnight on sunday night and still get delivery by christmas eve. amazon said this is the latest state to offer free shipping in time for christmas. the s&p 500 is not at its highest level. this comes after weekly jobless claims fell. housing starts increased. we have futures a pretty quiet, a little bit higher. i'm jane king reporting for wbal-tv 11 news. back to you. >> what is on tap for your next report? >> baltimore city has had great success in having many tourists. >> i live in baltimore county. thank you. it is 23 degrees on tv hill. coming up, w

. >> jane king is live at the new york stock exchange with our "moneyscope" report. e. >> hello, eric and theresa. we get the latest read on the healthy market from the national association of realtors. this is about pending home sales that attracts contract signings. fewer people signed contracts to buy previously on homes in october. the meantime demands buying a foreclosed home is plunging. sales of foreclosure properties slumped and one of the big reasons, home buyers tax credit expired. of the homes that were sold, the price was 32% less for these foreclosed homes. that's the biggest discount in five years. turning to the markets on the heels of yesterday's monster rally, we are positive. all trading to the up side across the board. and the bloomberg silicon valley valley trading higher this morning. facebook.com looking to expand. that's lawmakers wondering how they're protecting personal information. live at the new york stock exchange, i'm jane king, bloomberg news. >> jane, thank you very much. have a great day. >> thanks. >> we're going to talk about some we

live at the new york stock exchange, i'm jane king. >> i object, your honor! ey like those big ticket items, jane, these the thing. >> every guy i know is on his computer shopping online. i don't know. need a re-do on that one. have a great weekend. >> okay. thank you, you too. >> i don't know about you guys. i can see you shopping. >> in the mall? >> big ticket items online. >> online. but in the mall? we're guys. we shop. you want a pair of pants, you go to the pants store, grab a pair of pants. >> exactly. >> shop for christmas. it is work. >> is it a day to go shopping? indoor mall maybe? >> yeah. good point. retailers love this kind of weather. we're looking down from mount tamalpais this morning at some of the lower clouds. you can see the higher clouds also over the bay area. another cloudy day. we have drizzle out there the this morning but the scattered showers have moved on. live doppler 7 hd, there you go. they're into the central valley. seeing a few radar returns around contra costa county and over towards say hayward for the most part. but just dr

jane king just back from shopping for presents joins us live from the new york stock exchange.morning. >> it's in the mail, right? good morning to you. shoppers, coming out in force, first 40 days of the holiday season today and so far spent $22 billion just on the internet. expect that number to rise more. they call it green monday. and it has to be one of heaviest online shopping days of the year. what to buy? what about jewelry. jewelry sales may rise 6% to more than $4 billion this year. jewelry is often the last category the turn occupy wards. if you plan to shop at amazon you have until friday to get free shipping and still get your gift by christmas. we do have markets looking higher. dow, nasdaq is trading in the green. s&p 500 highest level since lehman brothers went bust two years ago. an silicon index is trading slightly higher. fewer homes are underwater in the third quarter because of mounting foreclosures. but in five states, nevada coming in number one. >> live at the new york stock exchange, i'm jane king. >> don't worry about the bow. thank you very much. >>> t

jane king has that and more in the bloomberg business report. >> officials are ramping up efforts to promote local attractions, hoping to mirror baltimore city's success in becoming a tourist destination. officials have worked with local businesses and hotel owners of a tourism initiative. the company has released a visitor's guide and launched a website to draw visitors to the state fair and wrote course forms. tourism is a $2 billion industry. the bill extends the bush era tax reductions for all income levels through 2012 and continues to expand it unemployment benefits and cut its payroll taxes. we had a wedding date for stocks yesterday. claims for weekly jobless benefits fell and housing starts increased last month. the bloomberg maryland index also gained. sienna rose more than 8%. torture bank said siena will benefit from a number of factors including data growth. that is a business. i'm jane king for wbal-tv 11 news. >> hollywood and movie fans of remember the life and career of a director behind some of the most memorable companies. the list of blake edwards film as it reads

jane king has those stories and more in this morning's bloomberg business report. >> there is a good chance you have the recalled product some more in your home, with the exception of cars. 80% of americans are not aware that a product may have been recalled in the past three years. americans fail to fill up registration cards. on wall street, investors turned their focus on some economic reports. we will get reports on inflation. the fed holds their last meeting of the year. weakness in tech stocks dragging the nasdaq lower. bloomberg news has a union-led coalition that amtrak is seeking higher pay. the brotherhood of maintenance employees say workers got pay hikes of about 18% over five years. amtrak lost at least $1 billion a year for 10 years and received $1.5 billion in federal aid. at the new york stock exchange, i'm jane king reporting for wbal-tv 11 news. >> sickle cell disease is a genetic disorder that is extremely painful and dangerous. pregnancy can make sickle cell worse. doctors say close monitoring the proper prenatal care, a successful pregnancy can be managed. >> the

i'm jane king reporting for wbal-tv 11 news. >> it is 35 degrees on tv hill. another check on weather and traffic straight ahead. >> the terps take it down to the wire. a preview of tonight's ravens matchup. >> don't forget to e-mail us your response to our water cooler question of the day. what do you think is an appropriate to begin enrolling kids in sports? share your response on our facebook page or send us an e- mail to watercooler@wbaltv.com. >> here is a look at last night's winning maryland lottery numbers. good luck. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. hopefully your off to a good start. the major roads are looking good. use extra caution because of a little bit of snow out there. continued closures of baltimore and south street because of the cleanup operation. other than that, we are doing quite well. 46 miles per hour at southbound 95 coming out of white marsh. so far so good on the j.f.x. the harrisburg expressway is in great shape. southbound 97, 52 miles per h

i'm jane king, bloomberg news. >> jane, thank you so much. tomorrow. >> okay. >> more news at 6:50. a deal in the works on capitol hill this morning to extend the bush era tax cuts and restore benefits to those out of work a long time. but his compromised plan to add trillions to the national debt. it's not a matter of the bush air -- or if the bush era tax cuts are extended but how long they'll be in place. democrats don't like it. they tried and failed in the senate this weekend to exempt high earners from the tax breaks. >> they're demanding that the wealthiest americans get a tax cut that is 1,000 times the size of the average american. >> i think it's pretty clear now taxes are not going up on anybody in the middle of this recession. >> if tax cuts are extended to the richest americans, unemployment benefits should be extended to millions out of work. >> let's get a check of our forecast with meteorologist mike nicco. good morning. >> good morning. looking better and better if you don't like the rain or like to puddle jump in your car. >

i'm jane king. >> jane, thank you so much. have a great thursday.you tomorrow. >> more news for you right now. roseville a 17-year-old boy has turned himself in for a restaurant prank that went terribly wrong. david was working at a drive-through window when the teen ordered a hot spinach dish and then threw it back at him. it left him with second degree burns and possible permanent scars. it was apparently one of those fire in the hole pranks in which people record themselves throwing today or drinks at drive-through clerks and post the video online. in this case police say the teen could face felony charges. >> time now 6:57. a lot going on in the weather today. showers, what else? >> eric wants the kitchen sink, too. >> throw that in there, too. >> i don't want much, you know. typhoon -- i'm kidding! i'm kidding! how about some dry weather. >> when's that coming? >> for the weekend. we have to get this to get there. here's sfo. eric, what kind of plane is that? (laughter) >> very nice. >> a 737-800. >> there you go. >> keeping him on hi toes. he'

. >> bloomberg reporter jane king is live at the new york stock exchange with our "moneyscope" reportfriday morning, jane. >> hello. happy friday to you, too. one of the bay areas stocks watching, oracle, big news. forecasting a profit for the quarter. looks like it's going to top analysts. wells fargo, let's check those shares out. they're higher as well. with the stock rise yesterday it's actually now the biggest bank in the u.s. it surpassed j. p. morgan chase. and the arrest yesterday of three technology company workers who allegedly told secrets about apple being talked about as a possible signal u.s. investigators may be closing in on hedge funds that exposed those secrets. a digital store for mac computer apps. flying off shelves in the form of cd's and opening its app line january 6th. here's how the markets look overall. mixed sessions. market looking for some kind of catalyst to find some direction. trading up about half a percent here. you might want to splurge on new underwear. wearing a nice pair of underwear makes women feel more confident. live at the new york stock exc

. >> bloomberg reporter jane king joins us live from the new york stock exchange with this morning's yscope" report. hi, jane. >> that's right, eric and kristen. when google's behind you, you've got some cash. this is called a relay ride. the concept works kind of like zip car, another service charging by the hour but relay rides doesn't have to buy its own fleet. building on a traveller in massachusetts where we're people rent out their own vehicles. speaking of the bay area, there could be job cuts on the way. yahoo plans to get 5% of their work force laid off. latest effort to streamline operations and cut costs. shares of yahoo this morning actively trading here today. trading just slightly higher. virtually unchanged. check out retail. we've been doing some shopping. holiday shopping did get underway. but the news not so good over at best buy. the third quarter profit missed analyst estimates. sales dropped more than expected. the shares dropping here. weaker demands for tv's and entertainment products. we have the fed meeting here today. we're going to watch if a and ahead of th

bloomberg reporter jane king joins us live from the new york stock exchange. ny here, jane. >> i know, kristen. i mean, there's a lot of people of that been very busy, haven't been able to get to those last-minute things here. 23 million people are planning on shopping tomorrow. according to the council of shopping and goldman sachs, more men than women plan to shop last minute. toys r us and other places you can shop around the clock anytime today. tonight and tomorrow it's old navy from san francisco-based gap. and until tonight and 7 p.m. tomorrow. give old navy big wheel deal a spin and try to win a million dollar prize that old navy is giving to one lucky customer. very quiet trade here. we're seeing just mixed market so far this morning. big ticket durable goods was weaker than forecast. new home sales. this will be coming out the top of the hour. we did expect the markets to be pretty quiet today. we're closed tomorrow by the way. the bloomberg silicon valley index trading slightly lower. move over e-harmony and match.com. there's a hot new dating app in

live from the new york stock exchange, i'm jane king. jenelle, back to you. >> thanks, jane.py new year. see you next year. >> thanks. >> there's a video making the rounds on youtube.com that film critic roger ebert says should win an oscar. ♪ >> it's a three and a half minute clip of one man's view of the blizzard in new york city this week. jamie stuart shot it, edited it and e-mailed it to ebert. he was so impressed he shared it with readers on his chicago sun times blog claiming this film deserves to win the academy award for best live action short subject. it is the last day of 2010. let's take a look at our forecast with lisa. >> starting out really cold. that's nothing new but the rain in time for the new year. gorgeous out there. sunshine, a clear shot out there from our roof camera. and, boy, we need a lot of that sunshine to warm us up. really not gonna happen. a cold air mass has settled in the past couple days and that has allowed for the numbers to stay cool. the winds are light. 30 napa, 31 santa rosa. good morning, novato. 32 for you. 40 mountain view. a few mo

. >> bloomberg reporter jane king with the morning's "moneyscope" report. >> good morning.oks like we need to look more closely to product recall announcements. only one in five adults are aware when they bought something other than a car that's been recalled. know about locking in rates for mortgages. how about locking in an airline fare. continental introduced a program called fare lock. it let's consumers hold a fare three days and $9 to hold a week with no commit to buy the ticket. yahoo laying off 5% of its work force as of today. that's according to the "wall street journal." the prevention program, the congressional watchdog that oversees the mortgage modification program says the program's likely to meet less than a third of its goal and that's billions set aside to help prevent foreclosures for lowering rates will be unused. interest rates near historic lows are more limited giving criticism of its stimulus measures. i'm jane king with the bloomberg business report. >> tonight berkeley city council will consider a resolution giving hero status to an army private su

here's bloomberg reporter jane king to explain in the "moneyscope" report. >> get ready to brave the crowds if you're not done with your holiday shopping. more than 23 million people say they head out on christmas eve. expect the malls to remain packed after christmas. half the consumers say they expect to shop between christmas and new year's day. all according to the international council of shopping centers and goldman sachs. rising home prices at least for some folks, real estate solutions forecast prices will go up in 40% in the major metro areas in the u.s. next year. by a 3.5% gain in the san diego area but nevada and florida still struggling. ibm out with its latest list of ideas as researchers expect to become a reality. they say get ready for 3-d images and people calling four cellphone and computer programs that can tell when when where traffic jams will take place. spent $6 million on research and development last year. arab ca beans at 13 year highs. dunkin' donuts asking regulators to limit speculation in coffee, sugar and wheat saying something as simple as a good cup

. >> here's bloomberg reporter jane king with the "moneyscope" report. >> good morning.nother ding to at&t's reputation. "consumer reports" ranking the cellphone company the worst in terms of overall satisfaction. beat out wireless and sprint which tied for third. hollywood playing the grinch who stole christmas. barely any christmas-related movies this year or next. it says yuletide themes have worn out their welcome and haven't been bringing in the big money. taxpayers see a profit on the bailouts. selling a big chunk on citigroup bringing its profit on citi shares to almost $7 billion. though we're not done with citigroup just yet. taxpayers still own the right to buy shares at some point in the future. chrysler may be paying off the u.s. and canada before planned. part of the deal long-term benefits will be extended. possible good news if you're looking for a job. more employers plan to add jobs early next year with almost all industries including hospitality. put out the help-wanted sign. the fed chairman said the economy may need even more stimulus to perk up. at t

i'm jane king with the bloomberg business report. >> 5:54 now. francisco chapter of the national organization for women has filed complaints with police against local branches of hooters. now claims the san francisco and san bruno locations are violating state law by advertising themselves as a family friendly restaurant. now claims hooters is actually a sex entertainment establishment that is anything but family friendly. >> this says hooters girl in the making. so encouraging a young child to be a sexual entertainer is against the law in california. >> that was part of our job to have some of the kids, balloons, hula hoops, games. >> hooters didn't respond to our request for a comment and it's also unclear what action police will take. calling all bird watchers. volunteers are needed for today's eastern alameda county christmas bird count. the audubon society and the alameda creek alliance will need volunteers counting birds in please santon, sunol and liver more. they're assessing trends in winter bird populations. 15 other counts will take pl

. >> jane king joins us live with the "moneyscope" report. >> hello. good morning.omeowners have so-called adjustable rate pick and pay loan now a better chance of having them modified. jerry brown says wells fargo has agreed to more than $2 billion worth of modifications and most for california residents. it will also pay $32 million to borrowers who lost their homes for foreclosure after monthly payment amounts that can increase suddenly. came from worlds savings bank, a unit of golden west from wachovia that merged two years ago. the obama administration examining allegations of fraud. it will deliver its findings next month. another big foreclosure event, a supreme court judge threatening to fine lenders in new jersey. as for trading, san jose-based adobe system helping to design today's rally. the shares up there 75. adobe talking about resurgence and demand for software, photo shop and programs used by advertising agencies and others. right now probably the overall market real quiet weekend. but we are positive so far this morning. the s & p around those two-y

. >> jane king. >> good morning. improving fortunes in the auto industry. g.m.a thousand engineers with ramped up production of electric cars. u.s. falling behind air and the middle east when it comes to economic recovery. the institute says only one u.s. city among 150 study made the top 30 list and that was austin, texas. google tries to turn the page. planning on opening an online store for electronic books and chip away at amazon's dominance in the market. you'll be able to download books at just about any device that has internet access. liquor maker pushing mohato's on tap. these cheaper cocktails will bring back customers worried about money. i'm jane king. >> and parents can take their children's public schools to court to force physical education. the court of appeals made the ruling that parents can force educators to provide the minimum amount of physical activity required by state law. california requires elementary schools to offer 200 minutes of physical activity every ten days; however, there's a study that found more than half the schools failed

. >> here's bloomberg reporter jane king with the "moneyscope" report. >> the november jobs report isut this morning. it was a huge surprise and disappointment. showing that job creation remains very, very weak. the u.s. created only 39,000 jobs during the month of november. we expected 150,000 jobs created. falling way short there. and the unemployment rate went up to 9.8%. job losses in government and manufacturing last month, all this after a two-day rally for stocks. the dow topping off its best two-day rally this july on good housing and retail news. google expanding on the east coast. close to buying a building in the trendy meat parking district where it already has offices for $1.8 billion. the biggest single real estate action for a single building in the u.s. this year. reynolds raising prices by 8 cents a pack. that includes brands like marlborough. the smart phone give away from best buy. four free smart phone models every day for the rest of this month. at&t, sprint, verizon all involved. you need to upgrade or sign on to a new two-year contract. i'm jane king with the bl

. >> here's bloomberg reporter jane king with this morning's "moneyscope" report. >> you may want tok twice before backing out of a parking space. a claims company says the chance of being in an accident in a shopping center parking lot rises as much as 20% over the christmas holidays. speaking of cars, toyota is paying a combined $32 million settlement to u.s. regulators for recalls involving accelerators and steering problems. this follows a $16 million payment in may. pfizer recalling thousands more bottles of lipitor because of a musty odor. and there's more to be heard from mark herred looking into his outer as ceo of hewlett-packard. whether herred leaked information. a quiet start to the holiday trading week. little change for the benchmark averages. investors watching the effects of china with help from europe to deal with its debt crisis. a $6 billion offer from google, hiring a executive from amazon. at the new york stock exchange, i'm jane king with the bloomberg business report. >> and local news, san francisco mayor gavin newsom is creating a task force that will work on

. >> here's jane king with our "moneyscope" report. >> good morning. facebook.com getting a new lookit easier to get a snapshot of users to get a quick summary. planting a bigger emphasis on visuals like photos. it would be hard to turn down 6 billion. for others not so much and that's what the site groupon did. perhaps hoping it will be as lucky as facebook.com. meantime drug makers in focus today after the surprise announcement ceo resigned and is being replaced by reed. intense competition when pfizer loses patent protection on lippor. five years before employment gets back to normal. these comments after that pretty bad jobs report on friday that stock investors ultimately shook off. smart money magazine says it's the reason young adults are turning to mom and dad to join their outings since they want to get out of town but can't afford to foot the bill on their own. i'm jane king with the bloomberg business report. >> in other news this morning, chinese state media says president ho had a phone call with president obama. president ho called for all sides to exercise restraint to

i'm jane king with the bloomberg business report. >> it's 5:55 now.may remember the song it's always 6:00 somewhere. today it will always be midnight on new year's eve somewhere. (cheers and applause) >> this was midnight in new zealand where fireworks lit up the sky and hundreds of thousands celebrated the clock striking midnight in new zealand's capital. it happens to be the first large country in the world to celebrate the new year. the first major or big world city to ring in the new year is neighboring sidney, australia. more than a million people gathered along the sidney harbor bridge just about an hour ago to welcome 2011. >> oh! so exciting, so much fun. just ahead at 6 a.m. a may tradition coming in january. >> the milestone that will have bay to breakers running charging through san francisco tomorrow. >> i'm terry mcsweeney live along the embarcadero in san francisco. barricades are here. gonna be locked up in a few hours but it's not just barricades police want you to be aware ofssssssssssssssssssssssst ♪ [ female announcer ] why choose b

. >> here's bloomberg reporter jane king. >> good morning.hanges to shop until you drop for holiday toys. toys r us open straight through from 6 a.m. next tuesday to 10 p.m. christmas eve. there will be some good deals. while wal-mart has a sale of toys tomorrow night, a company e-mail show it raised prices on hundreds of toys this month. shopping plunged 21% from october. but the drop is because so many put off foreclosures to clean up paperwork procedures. twitter, $3.7 billion. the silicon valley investment firm just paid for a stake in twitter. bloomberg told us facebook.com is likely to generate $2 billion in revenue this year, double last year. the company ceo was time matz person of the year has put off going public until he can beef up earnings. currently paying $33 billion of twice yahoo's market cap. down in stocks yesterday passing that two year high where the s & p 500 has been trading. at the new york stock exchange, i'm jane king with the bloomberg business report. >> 5:55. if you're flying home for christmas, expect to pay a bi

i'm jane king. >> my god! e you don't have the rudolph red nose on your plate, too. >> i was hoping you wouldn't go there. >> didn't want to go there! >> thanks, jane, for the picture of reindeer nose. appreciate it. 6:48 our time now. kaiser permanente is hoping to revamp its medical center. it wants to add parking spaces and build a new emergency room. hearings about the project will be held early next year. >> santa claus fired by macy's has a new gig today at an old san francisco restaurant. toomey had been chris crinkle for 20 years and was dumped last week after a couple complained about a risque joke he used for grown up ins for years. >> they came and sat on my knee. i said have you been good this year. oh, yes, santa. i said, well, that's too bad. >> yesterday lucky o'dual's owner offered a job and a raise. >> exciting. straight through to christmas from 3:00 to 8 p.m. >> i was quite touched that nick would want to offer an old broken down santa a job. >> macy's says it cannot comment because it's a pe

. >> jane king with the "moneyscope" report. >> it's getting easier to go green for the holidays.s.a. today" more people are choosing to rent potted live christmas trees and have them delivered and picked up and returned to tree nurseries after the holidays. part of best buy's month-long promotion of giving away phones every day to beef up holiday sales. the video industry had its best month ever last month. 360 was the top selling console with the motion sensor controller. not so good for boarders. may not have enough money to pay its bills. he wants to finance the boarders takeover of barnes & noble. change of the guard of s & p 500. "the new york times" and office depot and pharmaceuticals dropped out because they've lost so much market value. the s & p closed at a two-year high for a second straight day and healthcare surging this morning after community health systems made an unsolicited $7 billion offer to by the company. moved to become the largest hospital operator in the country. tenant says the bid is too low and we could see a bidding war. i'm jane king with the bloombe

jane king with the morning "moneyscope" report. >> good morning. postal service' busiest day with more than 800 million pieces of mail expected to enter the system. that's 40% more than the post office typically handles and it can use the business. losing billions of dollars because of competition like e-mail. prices are up to aan average $2.99 a gallon, almost 40 cents more than last year. if that's not enough to strain your budget, wal-mart skipping some of the superdeep last minute holiday discounts that we've seen in recent years. speaking of shopping, facebook.com working with companies like j.c. penney to help them sell through website where they give advice and product reviews even on other sites. facebook.com founder mark zuckerberg is on china on vacation and built in time to visit the country's most popular search engine. it hasn't been accessible in china for more than a year. google which has had its own problems and china running into snags with its tv products, asked tv makers to hold off announcing equipment based on google software.

i'm jane king with the bloomberg business report. >> 5:55 let's make it. the fas trak program is making some changes to safeguard privacy. drivers who use fas trak have to provide lots of personal information like credit card numbers, phone numbers and e-mail. a new state law that takes effect on january 1st requires transportation officials to destroy that information if someone's account is inactive for four and a half years. it also tightens security to protect information from hackers. the same safeguards will be used for the clipper regional fare payment cards. >> today the senate is widely expected to reject a bill that will create a way for young illegal immigrants to become u.s. citizens. the house approved the dream act yesterday but unlikely to muster the 60 senate votes needed to get the measure passed. the bill would target immigrants under the age of 16. they would have a chance to gain legal status if they joined the military or attend the college. >> a new warning for social smokers. just one puff on that cigarette could be the one that caus

. >> bloomberg's jane king with the "moneyscope" report. good morning. >> hello.n six. twitter, $3.7 billion. the investment firm kleiner perkins just paid for a stake in the company. the new york stock exchange, i'm jane king, bloomberg news. >> don't know if that's pricey or a value. 25 billion tweets sent in 2010. they've got people using it. >> i actually read that twitter is worth more than "the new york times." so amazing how things are changing. >> yeah. the times have come down in value. jane thank you very much. >> let's elaborate more on this story. flying home for christmas, expect to pay a bit more to get there. farescompare.com say airlines are indeed raising fares. american airlines started boosting prices by $5 each way, by $3 each way for shorter trips. the increases matched by just about everyone united, continental, u.s. airways are virgin america. >> much of the nation continues to be pummeled by wintry weather. the system that brought massive snow fall to the midwest is causing major problems in the southeast with ice and freezing rain. karen h

live at the new york stock exchange, i'm jane king, bloomberg news. >> yeah. >> that little sigh of derisionhable food item to any library in the system they'll wave all your overdue fines up to $100. all the flood collected will go to the second harvest food bank which serves hundreds of agencies including pantries, kitchens shelterers and aftercool programs. a big bin there and had some fines gone. >> me, too. 6:55 now. our top story thousands of bart riders could find themselves looking for another way to pay for the commute this morning because the easy rider card they've been using won't work. >> jenelle wang joins us from a hayward bart station to explain. kristen, bart phasing out the easy rider card. but by december 22nd that card will be blocked at all bart stations around the bay area. that means an unpleasant surprise. riders had not made the transition to the clipper card despite letters and e-mails from bart. at the height of about 50,000 people use the easy rider card as a temporary way to pay for bart fares until the long delayed clipper card was ready for use. it's been in us

at the new york stock exchange, i'm jane king. >> jane, thank you very much.t day. >> thanks. >> all right. here to deliver some cold weather. >> yes. >> can't burn the wood. >> spare the air day. what are you going to do. can't use the electric or the gas. degrees -- dress accordingly. from mount tamalpais this morning. that's the reason why we have spare the air day. let's talk about temperatures if you're stepping out. it is frosty in our inland valleys of the east bay and also the north bay. the specific temperatures below freezing, fairfield and napa. close to livermore and santa rosa 33. redwood city 34. everybody else the mid to upper 30s. san francisco 44 degrees. around the monterey bay and inland mid to upper 30s. gilroy a frosty 31. high clouds and hazy sunshine today. that's spare the air day hanging around until midnight. the poorest air quality through the north bay. slowly south spreading rain tomorrow and more likely friday. but now it's a saturday and probably not on sunday. i think that next system slides to our south. compared to 24 hours ag

i'm jane king, bloomberg news. >> all right, jane. there's an i-phone on its way to you and i-pad.u worry. see you later. >> a business professor is now using technology developed at stanford to convince 20 somethings to start saving more for retirement. he puts people in a virtual reality and shows them what they look like in 60s and beyond. >> you start to have empathy what that person may be. what it might feel like for your future self to not have enough money in the future. >> a reality check. a reality creation. that reality doesn't even exist to them. >> a follow-up study found people who looked at their future self began saving twice as much money towards their retirement. >> 6:27 now is our time. frances is going to update us on that accident situation on 80 but right now we'll take a look what may have caused it, the slick roads. >> still pretty moist. drizzle all night. still thick fog. moving around, not just camped in one area. you may run into a wide range of visibility. multiple layers of clouds from mount tamalpais. bringing the drizzle and some mid and upper level

i'm jane king reporting for wbal-tv 11 news. ?> what about you da have you ever done a cruise? >> i have not. one of these days. i have not yet so far. >> give it a try. it was not for me. >> i need one with the kids. if i could find one of them, and may do 1. >> disney cruise. check them out. there you go. see you later. it is 35 degrees and tv hill. coming up, we'll get another look at your morning commute with traffic and weather together. >> hundreds of students battled out with lego competition. >> don't forget to e-mail us your response to our water cooler question of the day. what do you think is an appropriate to begin enrolling kids in sports? share a year response on wbaltv.com or send us an e-mail to watercooler@wbaltv.com. the moment you feel run down or achy nip flu-like symptoms in the bud, with oscillococcinum. get oscillo and feel like yourself again. oscillococcinum, nip it in the bud. >> weekend go to battles. the use lagos as the building blocks. >> we take a look behind the scenes. >> there are worse things for kids to do on a rainy day then stay inside and

here a jane king with money scope report. >> good morning.hipping offer for amazon. they say it's up 12% from this year. and jewelry sales are also up. they'll grow 6% this holiday season after being flat this year. could be seen as a bullish time for the economy. they tell bloomberg, jewelry is last category to turn up. >> good book to get away from it all. marketers want to advertise in books, specifically e-books. testing ideas like videos or text that appear when you first start reading an e-book. >> white house advisor david axelrod says the administration, tax compromise that gets both tax cuts. >> s&p 500 treigd as the highest level since he man brothers fell apart. and they have found more than $50 billion trying to get back money from investors from bernie madoff. this was the second anniversary of madoff's arrest and also saw mark madoff kill himself. he was named in some of those suits. >> astronomers have a new theory about the origin of the famous rings around the planet saturn, a researcher in colorado he thinks about four and a

jane king joins us with the "moneyscope" report. >> hi. hopefully you've at least started.owds at the mall. one in five people in the u.s. haven't even begun their holiday shopping. this holiday shopping poll they did, money concerns have been cited as a key reason for the late start. we can understand that. but people say they've just been putting it off because they don't like to shop. big door buster sales after christmas. target announcing it's opening early, 7 a.m. on sunday for its big post-christmas sale. apple accessories, that's one of the discounts it's promising. j.c. penney announced plans for the biggest door buster ever on the day after christmas. the dow, the s & p and nasdaq, let's take a look how they're doing this morning. it is dreadfully quiet here by the way. we wouldn't expect anything else on christmas eve. we are positive there. and the bloomberg silicon valley index trading down just slightly. the ab specialty intute out with best gives. a twitter tag. let's dogs share their thoughts with followers through a motion sensors and microphone in the tag

jane king with this morning's "moneyscope" report. >> higher internet bills could be coming, especiallytch a lot of movies online. the fcc approved regulations that will let providers charge more for consuming more data. downloads, let's not forget about books. amazon will sell more than 8 million kindles this year. microsoft is working on a version of its windows operating system. it's aimed at battery-powered devices like smart phones and tablet computers. the s & p rose to a level that erased all the losses that came after the collapse of lehman brothers and the s & p is now up 85% from that 12-year low that we saw in march of 2009. the insurance institute for highway safety out with its list of 2011 safest cars and toyota sienna as the top minivan. the audi 8-3 tops the mid size category. as for air travel, going to take a few more clicks to find the best flights. american airlines is pulling listings from the online travel site orbitz. the atlanta constitution says delta pulling flights trying to get travelers to book on its website. fares could be going up and fare charges could r

. >> here's jane king with the "moneyscope" report. >> good morning.y and home depot are ramping up efforts to let shoppers scan and find product information on your mobile phones. the market research firm says buying items using mobile devices is set to triple to $3 billion in the u.s. this year. another challenger to the race to take on the i-pad. acor tells bloomberg he plans to get 15% of the market next year. the mini market is the biggest in netbooks. realty track says homes in the foreclosure process sold for about a third less than non-distressed properties. people are paying up for cars. g.m., ford and nissan all said sales were up in the month of november. pepsi giving itself a treat. it's buying a controlling stake in the snack food maker to become the biggest food and beverage company in russia. information released yesterday by the federal reserve shows european banks ranked among the top users of $3.3 trillion of emergency money that it handed out during the financial crisis. stocks rallied yesterday on speculation there will be bigger eu

. >> jane king joins us live from the new york stock exchange with this "moneyscope" report. o we know jane bond! >> well, the i-pad 2 may be coming soon. it will be here before you know it. plants in china will be shipping within a hundred days. that puts us the end of february. initially shipments expected somewhere around a half million units. apple shares actively traded here and that's the case here today and up by $3. investors today celebrating that news that president obama and members of congress have agreed to extend the tax cuts including those on the wealthy and long-term jobless benefits. that's how the market's reacting. just the fact there's clarity on this tax situation now. and the bloomberg silicon valley index is actually trading up about 1%. more problems for treasury secretary tim geithner. first he explained the bank bailout, now having trouble to getting the $100 bills printed. the paper is getting creased so it ends up with some blank spots on some of the newly redesigned bills. officials are working with the paper company to figure out what the problem

at the new york stock exchange, i'm jane king with the bloomberg business report. >> well, it's 5:55. today we're learning about a leaked government document that has nothing to do with wikileaks. last month we told you about an alert from the f.b.i. sacramento office about a popular barbie doll that contained a hidden video camera. the bureau was worried it could lure unsuspecting children and record child pornography. now it says it only meant to send that to other law enforcement agencies. they were trying to make sure law enforcement didn't overlook the dolls during a warrant search. >> actor wesley snipes is set to report to a pennsylvania prison to serve a three-year sentence for willful failure of filing tax returns. he says his case has been misrepresented in the media and wanted to clear the air by appearing on cnn's larry king live last night. >> i never took the position of being a tax protestor. and the press has continued to report that that's exactly what i was doing. they've also reported that i was charged with tax evasion. these things are completely false, larry. >>

i'm jane king. >> i think we need a follow-up story what they do to relax.ath, is it something else, getting a flu shot? >> good question! you know, i actually kind of find the shower relaxing. so not a bad idea. >> exactly! thank you so very much. always interesting stuff there. thanks. 6:49. oakland is facing another possible legal hurdle in its efforts to regulate and tax marijuana farms. the west side california watch obtained a letter sent by the alameda county district attorney. in it the d.a. warned city officials they could be subject to arrest by federal drug agents if the feds decide they're violating city law. the city council is scheduled to meet tomorrow to discuss the issue. applications for marijuana-growing permits are due on wednesday. a possible new bump in the road in san francisco's effort to host the america's cup. today officials in newport, rhode island, plan to present a letter officially expressing the city's interest in hosting the race. america's cup organizers say they're still study ying san francisco's bid but spent last week ne

jane francis kelly, bbc news. >> the bad weather isn't the only thing bringing belgium to a standstill. the kingas called for an end to political deadlock more than six months after an inconclusive election. there is a deep divide again -- between the dutch and french-speaking parts of the pap -- population. the crip awaits the decision of an appointed mediator. >> still to come, it's a time that brings families together and for britain's most famous family it's no different. in britain a man's been arrested after a woman was killed by a dog in south london. police found barbara williams struggling with the animal and had it take it off her. >> the collapsible cage being brought out of a semidetached house today one of a number of items removed as a police investigation team tries to establish how a why a woman was apparently mauled to death in her own home. when officers arrived last night, barbara williams was trying desperately to free herself from the jaws of what's being describeds a huge and ferocious dog. >> they immediately attempted to rescue her involving the yuse of shields and manage

jane lynch presented kathy griffin with their life award. our king was on the red carpet and you can see it at cnn.com. >>> we'll talk to a friend and >> caller: i'm wondering, if you do have to go to prison, and i wish you the best of luck, but if you do have to, will. >> keep praying for us, brother. >> caller: will you go in there and try to make a difference with your celebrity and your talent? or will you just want to go in and get the three years done and out of the way? >> well, i'm an artist to the core. and my objective has always been to use my talents and my skills to elevate humanity through my art. i don't see that changing. whether i'm out or whether i'm in. and i'm still going to try to fight for justice. >> larry: los angeles. you're next. go ahead. >> caller: mr. king, thank you so much for having me on. mr. snipes, first of all, huge fan. so sorry you're in this situation and i wish you and your family the best. >> keep praying for us, brother. keep praying. >> caller: definitely. mr. meachum, i want to say the late aaron russo, pro

jane lynch presented kathy griffin with their life award. our king and you can see it at cnn.com. >>> we'll talk to a friend and colleague of hers who was at the edwards house this evening. as you new york city elizabeth edwards died today after a long battle with breast cancer. she was just 61. her doctors said treatment would be unproductive, i'll talk to that family friend tonight. also, candy crowley and, of course, you, larry, we'll be joining you at the top of the hour. and keeping them honest on don't ask, don't tell, republican leadership saying there isn't enough time in the current session to debate the legislation. is that really the case? i'll talk to senator joe lieberman who says the session should be extended so senators have the chance to vote. and allegations against bishop eddie long, he said he wanted to fight charges that he'd had inappropriate sexual relations with several male members of his -- young men, male members of his congregation. he's now agreed to mediation. the results of which can be kept private. details on that at

getting up the mountain may not be as easy the weather turns remain to wet chemistry snow near king bill. janect, long lines of drivers pulling over to change that. >> it's fun, it's been awhile. >> everyone has been social, not too many problems. >> catching colds are wrecking around the clock to notify drivers and keep the roads clear, a task that may become harder as the snow continues to blanket this year. >> snow is still falling in this year, and live look to the golden gate, storms to the north right now with heavy rain falling in the north bay. satellite, radar show you what's happening snow is coming down still and 80 and 50. or 6 ft. and last week. the racine's some heavy rain down to the bay moving to the north bay,) storm tracker 4, the last hour have a slide sliding up to the north. moving to wine country. heavy rain popping upper have a 37 over towards downtown napa. the rates are showing up about a half- inch, now point to. some very heavy showers in here, back to the west, we saw a pocket right here heavier over towards novato looks like it's petering out as it makes its way to