jane king has the bloomberg business report. >> good morning. working if facebook is not all fun and games. they are the most stressed out. zuckerburg push them for constant innovation. a big push to focus on manufacturing and engineering. both are filled for companies worry about recruiting new talents. getting you help on the for closure front. not just enough to help the nation's unemployed. one effort started by the treasury department allows jobless to postpone their mortgage payments. as for the markets, stock futures are quiet. job is the theme back on friday. another dive for stocks because of slower than estimated job growth. people spending more on father's day. americans will spend an average of $106. that pales in comparison to what we spends on mothers, $141. i'm jane king reporting for wbal-tv 11 news. >> it looks like there were shopping for it washer and dryer for her husband on father's day. not a good idea. sony has been the victim of many hackett tk attacks. .> hacker's right and left same group that targeted sony has set eyes

jane king has more in the bloomberg business report. >> this latest attack happened to nintendo over the weekend. and did it was used for -- no information about their customers who was exposed. the most recent attack was on the european websites. nearly 180 passports belonged to members of a fbi partner organization were stolen and leaked to the internet. uses for from the u.s. army and a major communications company. they were posted to the internet. this is the group, the recent sony intrusion and the one on nintendo. stock took another dive on friday. the bloomberg maryland index was also lower. i'm jane king for wbal-tv 11 news. >> 6:20. 63 degrees on tv hill. >> the orioles can usually count on jeremy guthrie. >> don't forget to e-mail us your response to our water cooler question of the day. what's your opinion of the current field of republican presidential candidates? you can share your response at wbaltv.com and 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. [ whistling ] ♪

jane king has the bloomberg business report. tony pann and i are fighting over who is going to go for this jacket. >> we will say. walmart walmartample's -- 4.ering apple's iphone yearoes require pa two- contract. apple has introduced a new version of their iphone each june. promotion ends on july 1. we had several days of selling. wooded retreat yesterday on concerns about the u.s. economy -- we did retreat yesterday. recalls for sudden acceleration problems. there was a hearing yesterday. a judge said some of those claims could be dismissed. the red and black michael jackson jacket being auctioned. it was signed by the king of pop. it could sell for $400,000. his motown special gloves so for $350,000. a pretty penny. i'm jane king reporting for wbal-tv 11 news. back to you. >> you may find one in your closet tucked away. >> there is evidence that unemployment is correlated to bad grades. >> the ripple effect of the economy is amazing. boils down to money. more about that in the next hour. >> it has to be related to stress. >>

jane king has the bloomberg business report. >> the u.s. air force is testing out apple ipads. in a preferred place the -- and it replaced the traditional charts and manuals. the airforce is not the only federal agency testing of the device. the justice department has moved to get more of them. it's retreated unconcern of the strength of the u.s. economy. the bloomberg maryland index falling on losses for the united therapeutics. since tend to not do as well on states with higher than average levels of unemployment. issues tend to have students that performed poorly. school districts get their money from property taxes. i'm jane king for wbal-tv 11 news. >> if you have had shoulder pain, you know how disabling it can be. a procedure is making life better for many people. >> only your range of motion. go out to the side like this. >> sharon could not do any of those movements if you months ago without excruciating pain. >> it heard at night when i tried to sleep. i was having a problem blowing my hair, getting dressed. became a quality of life issue. >> this doctor said this is

i'm jane king with the bloomberg business report. >> newt gingrich's senior staff has quit his campaignn campaign manager, senator stlat gist and more than a dozen aides. he learned about the mass resignations at his campaign headquarters in washington. the group cited differences over the direction of the campaign including his lack of campaigning and his wife's lead role in campaign decisions. he says he is still in the race and start his campaign anew sunday during a campaign event in los angeles. >> the families of two american hikers still held in iran on spying charges say their sons are being mistreated. the guards burned one down the stairs because he took extra food. they threw one against the wall so hard that his head started bleeding. fatel and bower have been held for more than a year and a half. they were supposed to go on trial last month but it was suddenly postponed. >> eric: mexico's president felipe calderon will make the commencement address at stanford university. he was elected to a six-year term in 2006. the 120th commencement is sunday at 9:30 a.m. at stanford st

bloomberg reporter jane king joins us live from the new york stock exchange. ? maybe he has the answer to the problems. i'll have the story in a second. larry page and founder schmidt, the chairman, not really the founder threatened with subpoenas. pam looking to anti-trust issues and they asked google to provide one or two top execs before testimony. they are threatening formal procedures. google is trying to send the legal officer instead. >> rise in weekly unemployment claims sending the stocks lower. we were weak and then jobless numbers again. disappointing. we are seeing sharp losses. the silicon valley index looking down as well. more than a percept lower at the moment. >> we get an all right out in may new home tales. see what it brings to the table. desperate if you look at the housing market to relieve markets today. we are seeing the sales we expect to drop again. >> it's all about house, house. vanilla vice has a new invention. coming out with a website offering real estate guidance. plus, pumping out properties and getting paid. he started a realit

>> bloomberg reporter jane king joins us live from the new york stock exchange with that and the latestn san francisco home prices. jane? >> people watch this carefully and they rose a little bit. but still down more than 5% compare to a year ago. that's from case-shiller. they do this every month. this came out this morning. nationwide, the home prices are down 4% compared to april of last year. this is the biggest drop since dark days of 2009. we have higher open on wall street. thanks to renewed optimism about the greek debt problem. speculation is european action will take action to avoid default. are you guilty of facebooking or tweeting at work? a new study by security form called incircle shows companies may become more lax in the social media policies. they found a drop in number of companies monitoring the social media use in the office. fewer organizations are banning the use of social media compared to last year. okay. this is something you can get to free. yahoo movies has free popcorn offer. offering million fans free popcorn when they check in at regal cinemas across the c

. >> bloomberg reporter jane king at the new york stock exchange with that.alt disney is getting ready for fourth of july celebration. maybe we should mention now, jane, disney owns abc7. we love to say that when we talk about disney. >> yes. that's right. thank you for doing that. what is the fourth of july without fireworks? c'mon! walt disney and other resorts, 61 other companies nationwide now getting a special break from regulators to make sure communities have the fire woks on time for the fourth. the companies are getting permission to keep drivers on duty for more than the federal maximum, the 14 hours a day to meet rush demand. while disney, as you said, the president of abc news, owner of abc7. quick trading session. dow starting to gain momentum. we started off slow but we are up 100 points in the dow at the moment. the silicon valley index trading up more than 1%. now let's talk about apple here. shares this morning, see how they are doing so far. they were absolutely trading, it is unchanged. they dropped 4% this month. capping the worst first ha

. >> jane king has a report from the new york stock exchange. d morning, jane. >> hi, terry, kristen. good morning. bank of america on the up and up. the nation's biggest bank agreed to pay invessors more than $8 billion to settle claims it duped them in to buying mortgage-backed securities. the investors are the group of big dogs. black rock, pempco, federal reserve bank of new york. b-of-a with second quarter loss as a result. they like that the banks are starting to put this particular issue behind it. we are seeing the shares up right now. the greek lawmakers approve an austerity plan, combination of taxes and the government cutback. the market is responding positively, though gains are muted so far. the silicon valley index is trading lower. google is making an attempt to push facebook out of the top stop of social networking arena. they're launching google plus, with streaming update, photo, messages and content from selected group of friends. part of the effort is lure web surfers to the own service and expand the ad sales. facebook trying

. >> for that and more, bloomberg reporter jane king joins us live from the new york stock exchange. if you like your car, you might want to think about parking it somewhere other than the bay area. san francisco and oakland among the top ten spots for vehicle theft. fresno is number one in the nation. sacramento is also on the list. nationwide auto is at the lowest level since 1967. they're helping to deter thieves. national insurance of crime bureau says los angeles, new york, miami, dallas and detroit are among the cities reporting drop and auto theft. kick off a two-day meeting on the economy and interest rate. the economists by bloomberg say they think the fed will look to extent the stimulus plan. trying to fight off economic slowdown. at the top of the hour, they get report from may home sales. i would give us a sign that the economy is slowing down. see the numbers. the numbers on wall street. dow, s&p and nasdaq in the green. they have the modest gain so far today. bloomberg silicon valley is trading up half a percent. talk of a delay on release of the next iphone. analysts

bloomberg reporter jane king is live at the new york stock exchange to tell us more. jane?> good morning. banks are finding themselves in trouble again. paperwork trouble. jp morgan chase is having trouble collecting credit card debt. some consumer lawyers say it's faulty and fraud leapt paperwork used for the bank's legal fight to collect is just like what we saw with the mortgage debt collection. the paper says the bank is quietly withdrawn 1,000 credit card debt collection lawsuits since april in california, illinois, new york, new jersey. the bank is refusing to confirm or deny the case telling the journal it continues the debt collection strategy propriety. the dow, s&p and nasdaq were lower here today. not by a lot. but we've got markets trading to the downside here. several days this week. the silicon valley index is also lower. oracle running into problems selling hardware. look what it is doing to the stock. it turns out the largest maker of data base software may not benefit as much as predicted from the acquisition of sun micro systems. hardware sales are down 6%

jane king with the bloomberg business report. >> good morning. uh-oh. may be running in legal problems collecting credit card debt. jp morgan chase reportedly dropped more than 1,000 credit card collection lawsuits in states including new york, new jersey, florida, illinois and california. since april. lawyer for debt collection cases in florida tells the "wall street journal" it's being dropped because of paperwork irregularity. chase and other creditcard issues are used fraud leapt documents to collection. a source tells bloomberg new york, california, texas and ohio are in early stages of investigation in the dominance of the internet. you might see a drop in gas prices, but it might not last. regular unleaded could fall to $3.40 a gallon. because of decision to tap in reserves. am lists say the drop may be short-lived because of unrest in the middle east. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> authorities say a south san francisco man who took a woman's dog from the arms last week will not be prosecuted

bloomberg reporter jane king joins us from the new york stock exchange.his is not the day for your i.p.o. >> no. definitely. that is not a good day to have it. we're seeing a selloff on wall street. to get a disappointing report about jobs. the unemployment rate rising to 9.1%. job growth way weaker than expected. looks like the job market seems to be losing some momentum. traders telling me that is the japanese earthquake, high gas prices have something to do with this. if we see more months of this, they will get seriously worried about the city. here is how we react with the market. a slower day. nasdaq, s&p, down 1% at the moment. the bloomberg silicon valley index. losses aren't as steep but they are lower there as well. the internet stock move continues for linked in. now groupon filing to raise $750 million in the initial public offering. coupon site has been drawing interest from wall street after shunning a takeover bid from google last year. oakland based pandora also looking to go public. the music site looking to raise $123 million for its ipo

. >> bloomberg reporter jane king joins us live from the new york stock exchange. ric, kristen. good morning to you. well, we're flat. to a little bit higher this morning. we have a drop on friday. greece is a concern then and is it a concern today as well. greece may be limiting stocks to the upside this morning. consumer spending unexpectingly stagnating last month. we see them holding op to the wallets. they will begin ramping up aggressively. they are saying that apple plans to release prepaid contract, to release $350 iphone in december. to the market, we're in green across the board with the dow up 45 minutes and nasdaq and nasdaq, everything is up so far this morning. the crude oil futures lower again this morning, down a buck. analysts saying we could see a further drop if they fall the way they did in 2005 when government releasing the supply following hurricane katrina. that could translate to a nice drop in prices, temporarily for the first part of the summer driving season. live from the new york stock exchange, jane king, bloomberg news. >> have a great

bloomberg reporter jane king joins us live from the new york stock exchange. much heavier, jane? >> internet traffic could quadruple. that's what they are predicting. they should know. they say more than 40% of the global population will be online by then contributing to a zetabyte of traffic. that's a trillion bytes if you are wondering. a big legal settlement between individuals harmed by the violation of americans with disabilities act. the bank agreed to pay $16 billion to resolve the claims that the bank wouldn't do business with the deaf and hearing-impaired people trying to contact the bank. check that number. it might be 16 million. the hearing-impaired callers were referred to phone line for the deaf but the calls were never answered. the bank said some call centers stopped accepting the call because of the fraud concern. it's 16 million by the way. 16 million. the dow and s&p, nasdaq, trafding lower this morning. we got news about the jobs here today. the private payroll process adp says 38,000 jobs added in may. we are expecting five times that many.

here is jane king with the bloomberg business report. >> the new iphone is coming.e is coming. apple is planning to introduce it in september. not in june or july. the new model has a stronger chip. a faster chip could help them compete with other new products. ford adding blow-up belts to the back of the ford flex about lincoln vehicles. it's right now only in the 2011 explorer suv. ford says it's safer for young children and elderly. "l.a. times" is going to unveil a bigger prius in september with hatchback hybrid and designed to appeal to young families. i am jane king with the bloomberg business report. >> the economic down turp looks like a thorny problem for the annual rose parade. some critics say budget problems will force them to drop out of the new year's day event or scale back the floats. west covina is a city that says it won't have a float at all because it doesn't think it can raise enough money. long-time engrant glendale says budget crisis has them considering out of next year's parade. >>> two new polls suggest that fellow mormons jon huntsman and

here is jane king with the morning's bloomberg business report. >> good morning.l problems with the prius. toyota recalling more than 50,000 priui in the u.s. because of a power steering problem. good news for iphone fans. japanese website showing the iphone 5 could come out earlier than expected. august or late july instead of september. tech blogs saying that the website says the new iphone will have a better camera and built-in antenna to support both at&t and verizon. angry birds coming to television. starting later this year, the top iphone app will be available on your tv. you do need to buy a new player this year as they move the web-enabled tv game market dominated by sony, nintendo and microsoft. a huge amount of eco data, including auto sales. rally mode in wall street yesterday that optimism that greece would get another bail-out. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> several medical experts are criticizing a move by the world health organization to list cell phones as possible cancer causers. the world he

. >>> here is jane king with the morning's bloomberg business report. >> good morning.-the-box pulling toys from the kids menu according to the restaurant news, which has pressure of activists seeing a link between fast food and child obesity had nothing to do with the move. toys had been included for two decades. airline and newspaper at the top of the list of companies people love to hate, according to the university of michigan customer satisfaction survey. among the airlines, delta cited as a least favorite. southwest, last major carrier that doesn't charge for a second checked bag fared better. if you are looking for bargain air care, don't count on jet blue big annual sale. they will not offer the hugely popular all you can jet program this year. this is as the economy recovers and planes fill up again. for the past two years the program let fans book unlimited travel for a one-month period in september and october. dow jones says the airline is offering past participants 30% off round trip flights instead. at the new york stock exchange, i'm jane king with the bl

i'm jane king with the bloomberg business report. >>> texas governor rick perry is visiting californiad planning to meet with supports in sacramento today. he is expected to speak with dozens of republicans who want him to run for president. they include business leaders and members of the state legislature. there is growing speculation perry may enter the race later this summer. he has been acting like a candidate in campaign mode. but the aides say he is in the process of deciding. >>> in newport beach, up, up, and away on an unusual jet pack. >> blast off. >> >> yeah. the water powered jetlev can reach speeds up to 25 miles per hour. it can get you 30 feet in the air. apparently you're tethered. not for everyone. try to keep a low profile. not for the faint of heart. easy to use as people were finding out. you can rent one for $250 an hour. you can buy one if you want one around the house for $100,000. nice to have around a pool on a hot day. >> for sure. you would be the most popular person on the block i'm sure. >> most injuried possibly, too. >> just ahead on the abc7 news at 6:0

. >> here is jane king with the bloomberg business report. >> good morning.sa changing its child pat-down policy. report security workers are told to make repeated attempts to screen young children before resorting to invasive pat-down. that's after a video of a 6--year-old girl getting a patdown at new orleans airport. they say they will cut back but not totally eliminate pat-down on kids. one-two punching for investors yesterday. the fed lowering the forecast for economic growth and indicating a plan to end the multibillion stimulus. that sent the stocks to a tail spin. today, the investors look for report on home sales and weekly unemployment claims. if you are unemployed and married and a guy, you may be headed for a divorce. that's according to a report of american journal of sociology. mainstream.com show men who are relatively happy in their marriage are more likely to leave when they find themselves out of work. women's job status play no obvious role in whether partners initiate divorce. i'm jane king with the bloomberg business report. >>> if you ar

. >> eric: jane king is live at the new york stock exchange on that. >> good morning to you.rk city and all the proceeds go to glide memorial church to help fund programs for the needy. >> astounding new developments in the fight against cancer. new drugs that are winning fda approval improving one for the deadliest forms of skin cancer. >> they revealed a new drug that targets genetic cell mutation. he is one of those patients whose melanoma has spread to his organs. he had tried the experimental drug. >> if the drug continues to work it's fantastic. >> it was so effective in keeping patients alive those on chemo were offered the drug instead. >> we have tears of joy. when we have a patient that is really sick from melanoma and enroll them on clinical tries and within 72 hours they are better this is unbelievable. >> also announced the already approved drug that stimulates the immune system to fight cancer. this increases survival by one-third. researchers have also proven that a new drug helps prevent breast cancer. the study on a it shows the risk of developing breast canc

. >> jane king with the bloomberg business report. >> good morning.calling more than 45,000 highlander hybrids. almost 37,000 lexus rx-400h hybrid vehicles in the u.s. because of a problem with the transistor that is causing the heat damage to make the vehicle coast to a stop. from the driveway to the medicine cabinet. extra strength tylenol being recalled. because of a musty odor that is leaked to chemical that could temporary gastrointestinal symptoms. and bank of america settlement agreeing to pay $8 billion to put issue to rest. virtual game-maker set to make real money. the maker of farmville zengha is going public. they say they filed the paperwork for ipo today. and plans to raids $1 billion -- raise $1 billion to sell the stock. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> a new landmark study on breast cancer screenings indicate the procedure can dramatically cut the number of breast cancer deaths. researchers in sweden followed 130,000 women for 30 years and found regular screenings cut breast cancer

i'm jane king with the bloomberg business report. >>> 5:55. are keeping a careful eye on the deadly e. coli outbreak in europe. never-before-seen strain has sickened more than 1600 people in ten european countries. at least 18 died. researchers still haven't been able to identify the food source of the illness. tomato, cucumbers and leafy greens grown there are suspected. produce imports from europe are tested as a precaution. the f.d.a. says it doesn't mean people should stop eating fresh vegetables in the u.s. >>> after a very late night, this morning, america has a new scripps spelling bee champ. >> cymotrichous. c-y-m-o-t-r-i-c-h-o-u-s. [ applause ] >> with that, 14-year-old sukanya roy from pennsylvania, scranton, spelled cymotrichous. she will take home more than $40,000 in cash and prizes. and the precitious title of the scripps national spelling bee winner. by the way, "cymotrichous" is an rejective that mean -- adjective that means it has wavey hair. i'm going to stick with wavy. >> fine with me. congratulations. >> awesome. >>> 5:57.

. >> jane king has the bloomberg business report. >> good morning.lling workers to quit smoking or it will cost them. the retailer plans to charge employees who smoke tobacco $35 more a month for health coverage. companies are already charging some who smoke much more. there are companies who are refusing to hire smokers altogether. >>> home depot under investigation for possibly violating the buy american act. a.p. says they are looking in whether they sold chinese made products to government agencies that were supposed to stick to products from the u.s. or designated countries. u.s. mayor wants to make new york city the destination for gay weddings. the nyc i do campaign will bring in additional tourism dollars. they legalized gay marriage friday. investors today checking out report on personal income and spending. greece is in day one of a three-day debate on spending cuts that could determine if they get the aid they need to avoid default. lower close for stocks friday as concern about the european debt crisis intensified. a new study don't assum

i'm jane king with the bloomberg business report. >>> 5:55 now.st bay, two peregrine falcons are recovering after being shot with a pellet gun. this one at the wildlife museum in walnut creek and her 3-month-old daughter were shot earlier this month in oakland. both had to undergo surgery to repair broken wings. the falcons are now able to eat on their own. >> just really fantastic birds. that someone would shoot these, two birds, is really criminal. it's unconscionable. >> wildlife officials believe the falcons were shot at different times because they were discovered ten days apart. when healthy, the falcons nest by the fruitvale drawbridge. there is $1,000 reward in the case. >>> if you have an infant, listen to this one. this morning a federal ban of drop-side baby cribs goes into effect. they have a side rail that moves up and down. the rails can detach and babies have become trapped. a new federal rule bans the manufacturering sale or resale of the drop-side baby cribs. they're blamed for 32 deaths and suspected in 14 others. the new rule ma

i'm jane king. >> that angry ken picture was scary. we had the package about the popularity of groupon. we should not discount meant when it comes to coupon clipping. >> groupon hazmat coupon clipping cool again. the economy is still recovering. people are looking for deals. many men are looking for deals every week. >> here is the problem. i clipped the coup but i forget to take it with me. >> you have to carry the coupon. >> we will see it at 6:15. >> 72 degrees on tv hill. coming up, we'll get another look at your morning commute with traffic and weather together. >> the first-ever maryland wine week is under way. this is a celebration of local wineries. 50 wineries now make wines for every palate. >> we're offering special dinners and doing tastings across the state. we're excited about it. >> this begins in cockeysville. go to our website for more reformation, wbaltv.com. >> time to 6 by 2 meredith vieira -- time to say goodbye to meredith vieira. her last day is today. coming up -- >> i'm george lettis. local school districts are

. >> jane king is live at the new york stock exchange.nd of start. >> a little positive. we would like to see the market rebound a little more. bank of america higher this morning along with some markets, but the stock has been down 20% this year. certainly banks have been under a lot of pressure the last few weeks. >> pandora, radio company we'll see how it's doing, slightly down 5.5% and we do have a slightly higher start, we'll see a little bit of a bounce after a big drop we had yesterday. greece doesn't have a resolution and here are the numbers as they look, dow and nasdaq tul all trading in the green. dow is up 43 points. bloomberg index is up. big drop in california foreclosures, foreclosure plunged 28 in may compared to a year ago. but if you break it down, more may be in pipeline so more initial notices filed this month. and people on networking sites facebook more engaged in the community. the number of people on social networking sites has doubled since 2008. 92% are on facebook, 29 be on myspace and 13 on twitter. some people

tell us where to get it jane king is here from the new york stock exchange to tell us where to get itou are trying to disguise and it is not working be patient. the company which microsoft is in the process of buying said users have been disconnected from the internet. better news if you are picking up an iphone four. there is a price to 147 bucks . that is 50 dollars off . at&t and walmart, and as for trading. little bit of a recovery this morning and you know, yesterday they had the lowest level of the year. bank stock bounced back today after taking a hit today. they are concerned about europe's debt problems and ford is wrapping up things here. global sales are wrapping up by 2015 . dow is down 40 or so points and the silicon valley index is lower at the moment . we have a new work out this morning. it is like the ancestors might have exercised. philosophy inspired by move nat. short for move naturally. you run outside . branches are pull up bars . like the new york stock exchange. >> where do you hire the lions to chase you? [laughing] >> and what do you do about the rainy days a

. >> jane king joins us live from new york stock exchange with the opening report. >> hi, good morningandora story is about the only positive thing we've got. we have lots of job cuts in johnson & johnson. it's consolidating promotion and cutting up to thousand jobs. also they were working on other two stents and other cardiovascular therapy. shares this morning are trading a little bit lower. there is lots of downward pressure on the markets. inflation is kind of hotter than expected. energy is during the month of may and federal reserve index on economic activity dropped. we have uncertainty about greece and finances in europe what they are offering and no resolution there. to put it altogether. dow and s&p 500 and nasdaq trading lower. dow was down hundred points. bloomberg index is trading down also. >> we are watching pandora. they will start trading today. lots of interest in this stock, it was priced yesterday way above the expected price and trading right now, let's check in about $23 a share this morning. so that is up about 44%. in real estate market, on silicon valley real e

. >> kristen: we say hello to jane king. >> eric: hello. >> hello, happy friday, chevy volt prices arethe 2012 volt starting today, for the first time the volt is available in all the states. suggested retail is $40,000, thousand below the base price of 2011 model. chrysler, sports car with air bags that don't meet safety standards, they don't have advanced air bag sensors. >> during trading, we're kind of back to other old ways on wall street. dow down about 80 points. s&p 500 and nasdaq all trading low. bloomberg silicon valley index is trading down and gold and oil down. they reveal there are five different types of dads, partner that works in collaboration. and about learning. durable dad, leads by example. and leader of the pack, to make a better life for the kids. according to the survey, 50% of dads are partner dad or durable one. but also the retailers that try to figure out which parents will make decisions about spending. >> why i am not in there? >> you are a little bit of each. >> thanks, have a good weekend. >> many boat owners are frustrated as they continue to wait to ge

. >> i'm jane king with the bloomberg business report. >>> the u.s.ent is confirming that it is creating a so-called shadow internet to help protestors overseas. some governments especially in the middle east have been disrupting internet traffic between protestors who rely on social networking and spread information. washington has already spent $2 million to develop a suitcase sized device that can create a phone network. the government has another $25 million to help protestors communicate. >> new study out of israel finds that a cure to alzheimer's disease may be sitting right on your kitchen spice rack. they have discovered a cinnamon extract may combat it. they isolated a substance from a sane sin that monday plant and use i had on mice. the trials show it delayed the disease. despite optimistic news researchers are warning that too much cinnamon can lead to liver disease. >> just ahead, the first of its kind win by a texas team that had an ohio city celebrating all night long. >> re-enacting a suicide, what many residents are calling a huge fai

. >> here is jane king. >> companies and the government dealing with another round of hacking, they broket. they are saying it doesn't like the u.s. government very much. private company, adp is investigating in a intrusion and citibank got credit card numbers hacked. and plunging in may but the report says banks are facing weak demand from buyers and the inventory of unsold homes is increasing. new study facebook users gain more than friends, people are more trusting of other people, a larger number of close friends a higher sense of civic duty. if you wonder how popular you are, the average user has 229 users and many friends are high school classmates. >>> u.s. officials say no classified information was accessed when the c.i.a.'s public website was taken off line last night by hackers. a group calling claims responsibility. hackers broke into the senate's public website but the firewall prevented them from down loaded loading any sense active material. >> house democratic leaders including nancy pelosi are planning to meet today to consider what to do about anthony weiner. a former po

. >> here is jane king with this morning's bloomberg business report. >> more hacker attacks nintendosony but customer information was not exposed. >> a quick check before i go, slower than expected than job growth but the lowest drop for the dow since 2004. >>> in tokyo big changes for thousands of city employees. they are trying to conserve power because of a shortage caused by the nuclear reactor crisis. japanese businessmen famous for buttoning up are dressing down going casual to keep cool. suits and ties are out and hawaiian shirts and sandals are in. workers are starting work an hour early to take advantage of daylight hours. escalators are turned off and they are shifting work to weekends where energy sues at the lowest. >> in six years, california has radioreached a milestone in recycling electronic waste. they recycled 1 billion pounds of waste. california was the first state to pass an e-recycle bill but california is the only state that charges consumers a recycling fee every time they buy a tv, laptop or monitor. other states make industry pay for it. >>> you want to have

. >> jane king with live at the new york stock exchange.d morning to you. we're a little lower. we tried to make a run at a higher start. delta airlines facing an investigation. they are looking into allegations that did he live interfered with employees to try to unionize. a little drama after a market drop yesterday. markets are not exactly recover. goldman sachs has been subpoenaed by manhattan's district attorney over a report that singled out goldman they misrepresented facts about the mortgage crisis. but other things they are adding to the negative sentiment and bloomberg index is trading down slightly, as well. if you use a iphone, it makes you vulnerable to hackers to get data that you store on the cellphone. the mountain based company, apple said they are boosting security systems. >> and if you are having trouble sleeping. a think called lark. you put on a wristband. so you specify what time you want to get up. wristband wakes you up. it takes you how long you fell asleep and tells you how many times you woke up. >> more news for

. >>> jane king joins us to tell us all about it. >> good morning to you.eating his partners. the former partners say he tricked them into selling those shares and ocean therapy solutions for under $2 million that was before the $18 million deposit for the machine and it's set for a non-jury trial. >> let's get to the numbers here this morning. we are mixed. we've been down for several days in a row here. this morning, wells fargo trading a little bit higher. here are the markets, s&p 500 is slightly higher and bloomberg index trading about unchanged. a company calls win a grandma, an employment agency women over 15 that can cook and clean and wash your kids and even your pets. it's developing in los angeles but they are talking about franchising. >> and steve jobs, a spaceship in california. we'll tell you more about it later. >> it is california. >> definitely. >> and 6:45. in arizona a massive wildfire only continues to grow. the second largest wildfire in state history. authorities have ordered another 2,000 people to evacuate. a total of 7,000 people h

. >> here is jane king. >> good morning, if you have health insurance you might want to use it whilestudy about a third of employers will stop offering health coverage in 2014. a much smaller number of companies as health coverage becomes widely available. >> retail federation says a record 95% say they were victim of organized crime this year. and you may soon be paying more for corn. corn prices are lie canly to go up even more. analyst say wet weather may shrink the inventory this season. coupon clipping, new study says 87% of men spend three hours a week looking for coupons important saving. and they save $50 a week on clothes, groceries and dining out. >>> if you park your car in or around san carlos, lock your car door and hide your valuables. that is the warning they are giving residents after a string of 36 auto break-ins since may. all of them took place west of el camino real and most of the cars were unlocked. a man has been charged with two of the robberies but they don't think he is responsible for all of them. >> kristen: complex process of redistricting could cost lynn

. >> at the new york stock exchange i'm jane king with the bloomberg business report. >> disgraced congressmanan count president obama as one of his critics. he says the new york democratic embarrassed himself and his wife and family and if we in weiner's shoes he would resign. he was resisted pressure to step down in the wake of his sexting scandal. house ethics committee is launching an inquiry into the congressman's action. they have granted weiner a two week leave of absence to seek treatment. >>> 49er great quarterback joe montana is recovering from a weekend accident at his ranch near calistoga. he tells mike shumann, he was riding all terrain vehicles after he had to ditch his after nearly rounding into one of his chin. he needed stitches over one eye. he is postponing the appearance before the santa clara city council. he wants to build a hotel and sports bar on city owned land near the proposed 49er stadium. >> a new study shows that apple topped the list contaminated with pesticides. they analyzed data and 92% of apples contain two more pesticides even after being watched and peeled.

check in with bloomberg jane king at the new york stock exchange.year-old i'm thinking steer them toward aviation. boeing at least thinks that is where the jobs will be. they would know. they have seen a million new aviation industry jobs created between now and 2030. boeing is a huge employer in the u.s. 450,000 new u.s. airline pilot jobs they predict and 650,000 maintenance technicians. speaking of jobs, yahoo is looking for replacement for carol bartz. tech crumple says she was supposed to engineer a turn-around at yahoo, but one investor comments it's spinning in circles. with the talk of the new iphone, sources tell bloomberg it has the faster processor in the ipad 2. it's upping the camera quality to 8 megapixels from 5. it's not coming out to september. later than what we're used to with apple launches. the dow, investor, waiting for the wrap up of the policy meeting. the chair, they will have a press conference. that is how the markets are shaping up. the silicon valley index is down slightly. after being voted worst company in america, com

jane king joins us with more on that the apple iphone. >> go right to an apple store and by a 4 hh thanhone without signing a contract. it's going to cost more than to do it that way, 649 and 749 for the 32 gigabyte. >> meantime,, internet radio company getting raider ready for the first day as the publicly traded stock. almost $2 billion on expected price $10-12 a share. picked a good day to do it. nice rally today. it was better than expected, about china slowing down, news out of china public trading hundred points higher but a long time we've seen a day like that. s&p 500 and nasdaq higher and bloomberg index is up 1%. hue elector pack ward, giving promotions as part of a new alignment. to make managers more accountable. they will be reporting directly to the ceo. stocks are higher up. comcast, teaming up with skype to make video calls. there is an adapter box for instant messaging. >>> have a great day. >> it is before 49. more news for you, america's cup competition may be a couple years away but there is concern that at city hall that san francisco may get stuck with bill for mil

. >> here is jane king that joins us live from the new york stock exchange. >> good morning.le rumor you may soon getting an iphone without a contract. that is word from chronic wire. for the first time they will be selling the phones in the u.s. starting wednesday. apple may charge something to choose your own carrier. apple shares they are up a little bit. after six straight weekly losses we got something unusual and also there is the insurance. >> so here are the numbers we are looking at. dow is up and s&p 500 and nasdaq is trading higher and bloomberg index up a third of a percent. there is an app to find jobs within the company and you can check out other career opportunities as long as they are in u.s. and canada. >>> members of the oracle racing team got a real scare as they prepared to host america's cup yacht race in the bay area. team was checking out a new boat in the choppy waters for the first time and suddenly the catamaran rose up out of water and very nearly capsized. parental the combination of the wind and chop out there a scary moment while that vessel dec