jane king is live at the new york stock exchange.e ipo biggest in a long time. >>> it really is. it is all that everybody is talking about today. shares expected to start trading in a little over an hour highly anticipateed mark zuckerberg rang the opening bell for the nasdaq, remotely from their headquarters. lots of cheering, lots of hugs. wouldn't you be if you were going to be a billionaire by the end of the day. share $38. one breaker did tell us employees in menlo park will have a lot to celebrate shares will open way higher. others calling the shares grotesquely overvalued one said shares could fall to $18 by early next year. we have a positive start or did at least we've been down everyday so far this week for the dow and s&p. still having claimed positive gains. the nasdaq has turned lower. bloomberg index a bit positive. shares of hewlett-packard this morning did close higher yesterday the company looking at cutting thousands of job. -- of jobs, be could be 25,000, 10 to 15,000 from the enterprise group. "the new york times

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> interesting marketing. going through a humbling punta now. neriod right >> her own cable network losing hundreds of millions of dollars. prove that lying on your resume catches up to you. ask the ceo of yahoo! about that. >> thank you. 5:22. 60 degrees on tv hill.

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> as the smart phone become a daily part of life, so has joint pain. downsizing technology is causing a surge of injuries on our hands and fingers. >> the joint stars to degenerate and the smooth surface of the

at the new york stock exchange i'm jane king. >>> 5:56. federal health officials released new guidelines for prostate cancer screening urging doctors not to use the popular psa blood test. the is the test doesn't save lives and may cause many men with harmless cases to get unnecessary and aggressive treatment. critics say fighting prostate cancer with over treatment can cause men distress, incontinence and sexual disfunction. >>> four california medical marijuana patients considering a further appeal after losing their battle in san francisco. a three-judge panel rejected arguments that the americans with disability action should

i'm jane king, bloomberg news. >> you have officially made my head hurt. you later. >> all right. if you are going to get out and exercise today, good idea. you might want to take a lot of water. >> one of the symptoms of dehydration, headache, hot day especially inland. good morning, graduations to talk about after we look at clouds hanging around san francisco and how few and far between they are and how quickly they will dissipate and bring warm weather this afternoon. holy named high girls' school in oakland 6 p.m. today, sunny, mild for the monarchs, they will graduate with a temperature of 69°, congratulations young ladies. let's head up to geyserville high the broncos are graduating today at 7:00 near 90° for you and one last marin catholic high-tech cali they -- they will be graduating at the marin veterans memorial auditorium in san rafael 7:30 sunny and 75°. let's take about what is happening now. temperatures running in the 50s everywhere except santa rosa, half moon bay los gatos mid to upper 40s. low 50s for the rest of the monterey bay inland

jane king has the bloomberg business report. hi, jane. >> good morning. those telemarketer's always called during my afternoon nap. you can have the justice department and the new york fbi to the long list of government agencies investigating jpmorgan chase. what is interesting is they are probing whether criminal activity has been occurring at the bank. bad news for some hedge funds. they are among the names that had raised their investment holdings in chase just before the shares took a nosedive. the s&p falling for a third straight session. greece says they cannot reach agreement so they will have another election. we do have a report on housing starts. reports on earnings for target fitch.ercrombie and stret prices are down 6% as green coffee costs were also lower. more americans hitting the road this memorial day weekend. hertz was voted best overall and top honors in 14 other categories including counter staff. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> armed forces day is right around the corner. >> expec

jane king has the bloomberg business report. perhaps such issues with jane, jane, baby. >> i was thinking he will make your house nice, nice, baby. investigators have concluded their probe at lehman brothers. the fcc is not recommending any enforcement action against the firm and that includes the former executives. the agency was being pressed to see if i remember this corporate brothers misrepresent to their health. there is a private carconference call -- the nasdaq was overwhelmed by order cancellations in facebook shares when it debuted. j.p. morgan will reimburse customers who lost money because of the glitches. futures are a little bit higher. we finished mostly higher. greece is likely to stay in the euro. if you are in need of a renovation, how about some help from the no ivanilla ice. homeowners can get a rock star room renovation. the network is taking submissions now. there'll be a link on my twitter. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> i understand he is found his ni

jane king has the bloomberg business report. we're dying to hear about the divorce hotel. >> the federal investigators are seeing whether representatives from bp lied to congress about how much oil was leaking. prosecutors are examining statements made by bp officials and whether engineers were involved also withheld information for the government. we did finish lower on the markets. concern again about your. a heavy hit debt load in spain. futures right now are higher this morning. greece is one reason and there's speculation they will be able to pay all their bills. the unit at the bay has added 15 in national payments that used paypal. it may be wedding season. knot thentie the netherlands at the divorce hotel. prices start at $3,100. a possible reality tv show. of course we knew that was coming. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> they look so happy when they are checking in. the company is feeling the pain and possibly more job cuts on the way. >> we're talking about rim. t

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:21. 55 degrees on tv hill. >> bad weather for the birds yesterday. keith mills has highlights from game 6 inmust win sports. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. a few accidents on the north side. there is one just prior to the bel air road. it is backing up traffic prior to 95 in the outer loop. you may tap the brakes at york. king avenue shutdown because of a water main break. so far so good on the west side. 198 in laurel, we do have an accident clearing. an update on 83 at the 41st street bridge. building volume in the outer loop as you travel towards the west side. those delays will be in place shortly. that is the latest on traffic pulse 11. >> we have a good forecast. plenty of sunshine. we have a game this afternoon and this evening. upper 50's this evening. all fair conditions. plenty of sunshine. 54 on tv hill. 59 downtown. more on the we

jane king has the bloomberg business report. which is it, the biggest person or first come first served with the elbow? >> with the elbow, all the time. especially in new york. stock futures this morning are pretty much flat. the senate banking committee holding a committee would top regulators including mary schapiro to discuss died frank rules -- dodd-frank rules. bank of america and goldman sachs have scored fat profits that could total up to a billion dollars on trait that sometimes pit themselves against j.p. morgan. some banks made money acting as brokers. markets finally breaking the losing streak yesterday. have you put in for any summer vacation? more u.s. workers are taking more vacations. americans feeling more secure taking a few days off. 2.7 million workers took off last month. that is nearly double from the previous year. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> it is all about facebook, but it may wreak havoc on marriages? >> the benefits of the drink pom

jane king has the bloomberg business report.onday to you. >> we are seeing selling in asia and europe. that is an indication we will see a rough start here. we have the french election. the socialist leader is an advocate of higher taxes, francois hollande. greek voters flocked into insight bailout parties. futures about one of dew points lower on the dow. there was a disappointing april jobs report. the government is selling shares of aig. this is the third offering of afg shares since may and cuts the stake in the company to 63%. more americans pulling the plug on land lines. the best part is you can control this with a computer with high- speed internet or your smart phone. at&t does plan to roll at out nationwide. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back t back to you. >> a big announcement from domino's pizza. ree.hey are going gluten fo michelle obama is increasing food choices. >> thank you. >> 56 degrees on tv hill. the biggest opening weekend ever. >> it was big. "the aven

jane king has the bloomberg business report. >> good morning. good news if you have a 41 k retirement plan. -- for a one k 401-k retirement plan. wall street will get u.s. auto sales this morning. a report on manufacturing. into a economy is back recession. the bloomberg maryland index down on losses for stanley black & decker. a new 3d mirror that lets you try on outfits without putting them on. retailers are providing more of what customers get what they shopped on-line including a wider selection and electronic orders. heidi klum is launching a celebrity line of goods. cheap chic celebrity craze. betting and the accessories. expect to see it sometime this fall. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:21. 58 degrees on tv hill. sarah was the traffic report next. >> the orioles take on the new york yankees. keith mills will have highlights. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell c

jane king has the bloomberg business report. >> good morning. jpmorgan chase has an annual shareholder meeting. another government agency is investigating the lender. this is the office of the comptroller of the currency. there was an embarrassing $2 billion trading loss last week. retail is in focus today. we get a report if shoppers were out in april and economists do expect a modest gain. we'll get reports from home depot and whether americans are doing more home improvement projects. futures this morning indicating a rebound. stocks were down yesterday. greece, ise way was agr still struggling to form a government. facebook's ipo is this week. there will raise the price up to $38. the previous range was $20 to $35. half of americans think facebook is just a passing fad. they have 900 million users around the globe. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back t back to you. >> just a passing fad for 900 million users. changes on the way for twitter. >> you have to keep innovating. facebook rolling

jane king has the bloomberg business report. good morning to you. >> more job cuts over at bank of america. this time, 2000 jobs. what is keep is that these units target the highest-paid employees. eliminating 30,000 workers over the next three years. the days of milking expense accounts are long gone. corporation for america is cracking down. more business travelers are shelling out their own money for extras like wifi. futures are a little bit higher today. a report on manufacturing and on auto sales will be coming out today. spain's economy dipped back into a recession. prices easing a bit for gas. one reason is crude oil supplies are back on the rise. supplies climbed to the highest levels in more than 21 years. we will see when report from the energy department is released tomorrow. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> another retailer is thinking cheap chip. this time it is nontarget -- cheap chic. >> it is super model heidi klum. i will tell you what that is all about. and

jane king has the bloomberg business report. >> good morning. california's bill to forbid perspective employers about facebook pass rates would follow a maryland law. the bill now heads to the senate. it joins three other states which are considering similar bills. facebook is seeking as much as $96 billion in an ipo. some say it is overvalued. 7% of those surveyed said wasbook's ipo value just right. the bloomberg maryland index was up. sunday is mother's day. how about a pair of tires? some said they would love it. some would like a family road trip. they did not indicate whether mother would be driving the car not. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. .> something tells me not >> they can think about driving a car with no tires. >> 6:20. >> keith mills will join us live for sports. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> it is friday and the roads are clear. not dealing with any delays. 63 on southbound 95 out

jane king has the bloomberg business report. >> getting ready for a major global restructure their could affect 2000 job cuts. else could be even deeper and may start in the coming weeks. the blackberry maker is struggling with poor sales. stocks dropped on friday. there was concern about spain and the heavy debt load. the bloomberg maryland index was higher. banana republic getting a sales boost things to their clothing line based on the "mad men" style. still maintaining their more standard basics. here's where to get the discounts if you're looking for a summer job. workers can get 30% off at the bath and body works if they work at victoria's secret. just 10% to its workers s and home depot does not offer a discount. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:20. >> to celebrating off of charles street -- lots of a celebrated author of charles street. keith mills will of highlights of loyola's lacrosse win ove marilynyland. >> here is a look at last night's winning maryland lottery numbers. guys, i'm home! sara lee one hundred percent whol

jane king has the bloomberg business report. good morning. >> good morning. a d.c.-based national charity called the disabled national veteran's foundation. it did get nearly $56 million in donations. after digging, an investigation discovered most of that money never gone up in the hands of a disabled vets and the families it was supposed to help. more than 11,000 bags of coca onut m&m's. bankamerica offering to reduce mortgage sell men's. if you're eligible, the number is on my twitter, at market jane. the market was looking oddly yesterday. bank stocks made things look not so bad by the closing bell. the first licenses following tests and demonstrations on the las vegas strip. cell phones were playing a bigger role in our lives. 86% of smart phone users have used their phones to do everything from traffic conditions to look up scores. some have used it to settle an argument. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> do you smashed a person in the face with your smart phone? >> i am not sure. >> there is an iphone sale

jane king has the bloomberg business report. i know you have a gift picked out right. >> good morning. facebook plan to roll out an online store, letting users download software applications. you should see this in the coming weeks. this comes at of the anticipated facebook ipo. executives from t. rowe price taking a stake in the social networking company. they have one of the biggest holds in facebook. futures this morning are flat. we do have the weekly jobless numbers that come out every thursday. stocks continued their declines yesterday. new video of the late steve jobs comes to us from a former apple employee. the video is set to the tune "ghostbusters." the video meant to fire up the apple sales team. another a video of his 30th birthday. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. bloggers taking over the internet? >> nothing new to the web. mac users may be booking nicer hotel rooms than pc users. >> 5:22. 55 degrees on tv hill. what you'll probably see more police wh

jane king has the bloomberg business report. >> good morning. pom wonderful getting squeezed over defective marketing. the makers have touted its benefits including reducing the risk of heart disease and erectile dysfunction. a judge has ruled they violate federal law because they are misleading. the judge has prohibited them from making more claims in future advertisements. stocks are rising across the board yesterday. the s&p cheering and its biggest rally in more than two months. the bloomberg maryland index rising with help from under armour. mark zuckerburg has changed his status to married. there is an increasing number of breakups. more than 1/3 of divorce filings contained the word "facebook." over 80% of divorce attorneys found a rise in the cases involving social networking. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> as the smart phone become a daily part of life, so has joint pain. downsizing technology is causing a surge of injuries on our hands and fingers. >> the joint stars to degenerate

jane king has the bloomberg business report. >> facebook has 900 million users around the globe. more than half of them are using it on their smart phones. facebook mobile is due for an upgrade. there will start seeing a new design for posts in the news feed. weekly summary feature with the most relevant tweets and stories of people you are connected with. reports on inflation and retail sales for april. jpmorgan holding their annual shareholder meeting today. a free fall day for stocks yesterday. the bloomberg maryland index falling on losses for sourcefire. 37% of students graduating wished they had been more careful about picking their field of study. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:20. 65 degrees on tv hill. an accident on the west side of the beltway. >> a baltimore beloit makes the orioles pay. out mark teixeira ruined the night for orioles fans. >> don't forget to e-mail us your response to our water cooler question of the day. will the same-sex marriage issue be a key factor for you in the presidential race? you can

jane king has the bloomberg business report. happy friday. >> happy friday. the postal service may have gone a lifeline earlier this week. it is not out of the water. ups says they will run out of crash temporarily by october. there would like to pay for future retirees' health benefits in advance. jpmorgan had a $2 billion trading loss. this is designed to hedge against risk. their overall earnings for the second quarter will likely take a hit. kind of a shocker for markets. futures under some pressure this boy. the s&p did recovered some losses. losses for cisco. in an genome sciences back in the news. class go smithkline looking to buy the company -- glass co smithkline looking to buy the company. a premium subscription service. that doesn't mean that youtube ree. charge for what is for at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> we have talked a lot about mother's day, how much people are going to spend. some people are thinking outside of the box when it comes to what to buy for moms. >> how about a new set of t

jane king has the bloomberg business report. >> apple ceo had a lot to say at a conference. he confirmed television is an area of intense focus for the company. apple is working on atv that may be unveiled later this year -- is working on a tv that may be unveiled later this year. facebook just received a second request notice from the federal trade commission to buy instagram. the agency reviewing whether the deal violates any antitrust law. respect relation that greece could stick with the euro. the bloomberg maryland index getting a boost on gains for under armour. bathrooms are going high-tech with steam showers with built-in speakers and toilets with mp3 docking stations. nearly three-quarters of americans admit to using their cell phone is in the bathroom. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> that is a stat i do not need to know. >> they probably don't flush while on the phone. >> the orioles are starting to struggle. keith mills tells us if teatime to press the panic button. >> here is a look at last night's winning ma

jane king has the bloomberg business report. >> target turning its back on amazon parrot that will stop selling amazon's kindle. will continue to offer similar products from apple and barnes and noble. target has been expanding its line of apple products. a mixed close for the markets yesterday. the bloomberg maryland index slightly higher with help from catalyst help solutions. that 60% of young people do get help from their parents. parents do play favorites. he lives in a pineapple under the sea. viewership of the cartoon has dropped. nickelodeon may be facing over exposure for the brand after 13 years on the air. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> my kids love that cartoon. >> i love that cartoon. have the orioles cast aside their own curse of the bambino? keith mills will have highlights. >> here is a look at last night's winning maryland lottery numbers. does your phone give you all day battery life ? droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it

jane king has the bloomberg business report. >> good morning. we talked about how blacks go smithkline made an offer for human genome sciences. that offer was rejected because it was too low. they're trying again with a tender offer at $13 a share. that is the same price they offered before. they said the offer was not fair and it will hurt the stock price. futures this morning are slightly lower. we did have another down day yesterday. more concerned about the european debt crisis. greece is struggling to form a new government. more than 21 jet workers will be laid off at the distribution center in aberdeen. hostess cutting 158 jobs across maryland. anheuser-busch salutes the military. this comes into advance of a new initiative when it will donate a portion of all sales to help raise as much as $2.5 million for a military charity that provides scholarships for military families and personnel. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> people may have to wait longer to buy a flat screen t

jane king has the bloomberg business report. >> united is being sued by black pilots.a complaint, paulist allies a few black employees are promoted to give the appearance of diversity. the carrier says united does not tolerate discrimination of any kind and that the lawsuit is without merit. wells fargo is also filing a discrimination suit. the suit was filed more than two years ago about mistreated black homeowners. stock futures are back on the defensive this morning. about a 100 point loss on the dow to start things off. a strong day yesterday. one thing boosting stocks was speculation that greece will stick with the euro. pepsi will offer free downloadable songs you indifferent amazon's mps song. they have partnered with katy perry. pepsi is trying to revive its image by reaching out to younger people. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> more americans are focusing on the bathroom. >> yes. very important part of the house. we spend a lot of time there. times are getting more high-tech including docking stations for

jane king has the bloomberg business report. >> ford dealers taking orders for the ford hybrid. skin is the toyota prius -- this is the toyota prius a run for their money. ford says it gives better fuel efficiency. foreclosure filings plunging to five-year lows. recovery is slow in baltimore. 20% in the baltimore area. futures this morning are a little bit higher. same old same old. more losses over concern of greece's debt crisis. sketchers will pay a fine. the statement said they met claims about benefiting cardiovascular health. in response, the company denies the allegations. the settlement involves 44 states and the district of columbia. a portion of the settlement will go to customers who purchased those shoes. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> many americans are getting reacquainted with their kitchens. >> not such a bad thing. eating out is seen as more of a lecture. more americans are opting to cook more meals at home. what verizon is doing to its unlimited data plans that is making customers angry. >> thank you. >> s

jane king has the bloomberg business report. >> good morning. research in motion's ceo unveiling the latest prototype for the latest hance sandset. the blackberry 10 missing the physical keyboard, and trying to reverse a sales slump. we're waiting on the jobs numbers from adp ahead of friday's big jobs report. stock were boosted yes it because of manufacturing. the bloomberg maryland index was hired on strong gains for source of fire. people are turning to dark m eat alternative to balls and chicken breats. it is an early start to the grilling season. americans may be willing to spend more on mom. consumer suspend an average of $152 this year on guifts for mom. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 62 degrees on tv hill. we will check with syrup for problems on the roadways -- will check in with sarah. >> keith mills has the answer for last night's orioles games against the yankees. >> here is a look at last night's winning maryland lottery numbers. do not throw those tickets away . i'm really goi

jane king has the bloomberg business report.hink i'm about to get myself in trouble. >> sometimes -- united airlines no longer letting families with small trojan board early on the planes unless you're flying first or business class. the new policy kicked in last month to reduce the overall number of sporting groups. stock futures are lower for the start of things today. a sum that will be held in brussels, another meeting to discuss the debt crisis. concern over europe's de crisis has driven the s&p down. markets erased early gains of more concern that greece would exit the euro. facebook shares continued to fall. the offering getting less friendly with each passing day. the blame game over whether the offer was priced too high. morgan stanley defended its handling of the ipo. allegations in case some negative information to some clients. some may review the offering. the nasdaq is being sued over the embarrassing glitch because of order cancellations which over day the nasdaq's platform. a new study finds handles of a microwav

jane king has the bloomberg business report. >> good morning. target cutting prices on iphone 4's by 50 bucks. pictures of the new prices with two-year contracts. walmart had temporary price cuts on their iphones were called an accident. sears is offering local deals. access to hundreds of deals beyond the prince circular. this'll help shoppers see in real time how many items are in stock over at white marsh. voting to cut spending on food stamps and other aid for the poor. that is to avoid cuts on spending. a mixed close for the markets. it was looking pretty ugly at this time yes it but we saw a rally in bank stocks. the bloomberg maryland index was down fractionally. nestle is make it limited candy bars.rl scout kenny bar the scouts say the products will be marketed for adults. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> give the people what they want. 61 degrees on tv hill. >> the orioles returned home exhausted as they face the texas rangers. did they have anything left in the tank? >> here is a lo

jane king has the bloomberg business report. >> the fiscal second quarter earnings for disney are up 24%. that is despite the box office flop "john carter." it is looking to integrate more marvel characters into its parks in the future. an earlier takeover bid from a drug giant -- is a hostile offer of $13 a share and cash. that was the same offer that was made back in april. it's fallen on more concern over europe's debt crisis. the bloomberg maryland index lower on losses for under armour. as it chooses says no dice -- massachusetts says no dice to a new casino. do not believe that flat screen tv prices are going down. they have a shot up 11% since december of last year. newer models are retaining their value. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:20. 65 degrees on tv hill. >> josh hamilton brought the fireworks to camden yards. keith mills will have that next in sports. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checki

jane king has the bloomberg business report. >> good morning. the day is finally here. facebook shares on the open market under the ticker symbol fb. shares are priced at $30 apiece. the tuition of facebook is now more than $104 billion. that makes it the biggest company in the u.s. to go public. mark zuckerburg has gone a long way. he talked about going public. his focus on the social networking site that the began. >> i tried to keep everything in my life extremely simple. >> modest words from someone who is become the 29th richest person on earth. not all of silicon valley is smiling. hewlett packard is considering slashing as many as 25,000 jobs as the company faces a falloff in demand for pcs and services as people shift towards more clout in computing. investors hoping we can break a losing streak. creased turmoil still lingering. the bloomberg maryland index falling hard on this is f losser under armour. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >>86:1 6:18. pete gilbert will have a preview of tomorrow's big race. >> don'

jane king has the bloomberg business report. >> michelle obama has been pushing her anti obesity let's move campaign. she wants to open 1000 stores that sell fresh fruit and vegetables. many grocers are opening up in wealthier areas. the director says that is because these types of stores are not profitable to open up. domino's is expected to announce plans to start offering a pizza made with gluten-free crust. this is a $6 billion market for people who cannot digest food made with wheat or rye. stocks were tanking after a disappointing april jobs report. the bloomberg maryland index falling on losses for a former under armour. the average price in baltimore is now $3.71 a gallon for regular. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> the super heroes save the weekend at the box office. "the avengers" earned $203 million, the biggest opening ever passing the harry potter finale. george lindsey passed away. he carried his character over to a spinoff series. he spent 20 years on "hee-haw." he passed away after a brief illness at the age of 83.

jane king has the bloomberg business report. hi, jane. >> hi, stan. may be getting an extra paycheck. they agreed to pay nearly $5 million in back pay to thousands of workers nationwide. walmart rolley ms. classified those workers. wow to the dow. the dow is at the highest level in four years. a slightly positive start to things today. under armour discussing new products in the pipeline. footwork is a huge opportunity for the brand. they discussed new products including new products which reflect u.v. rays. you can check out the new steve jobs exhibit at the smithsonian. there will be displaying his patents in a new display opening this month. we have heard of companies cutting back on perks. many are returning with the exception of tuition reimbursement. fewer employers are reimbursing staff for continuing education. 5% say their companies offered full reimbursement in 2012. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> the company behind the black bear is not going down without a fight. they are

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> a second member of the bee- gees has passed away. robin gibb died yesterday after a lead the battle with cancer. the bee gees were one of the most popular groups in music history. a private funeral for the passing of the queen of disco, donna summer. she passed away last week after a bout with breast and lung cancer. she had several huge hits including "bad girls." donna summer was 63 years old. >> 6:20. could the orioles sweep the nationals? keith mills will have highlights. >> don't forget to e-mail us your response to our water cooler question of the day. do you think i'll have another has what it takes to complete the triple crown? you can share your response on wbaltv.com, 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. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. kind of busy. the roads are wet. a new accident on pulaski highway.

jane king has the bloomberg business report. >> good morning. good news if you still have the unlimited data plan picked horizon will rollout shared data plans. people operating from the 3g standard will be forced to give up their unlimited data plans. as part of an approach to get users to pay more for wireless service. googling it has become part of our everyday lives. google will soon provide results with better accuracy and additional information to stay ahead of the competition. users may see a summary of content on right side of the page. we do get the weekly jobs claims report. stocks continued their downward spiral yesterday because of the uncertainty in greece. the bloomberg maryland index was lower and losses for w.r. grace. fewer people are going out to eat, especially women. half say going out has gone from a regular occurrence to a lecture. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:20. 64 degrees on tv hill. >> the orioles go into extra innings. keith mills will show you what happens wh

jane king has the bloomberg business report. good morning to you. >> hi, stan. the job market appears to be doing fine. in the latest survey, the new jobs ar market may continue to improve. the jobless rate should fall by 7.5% by the end of next year. right now the rate is 8.1%. a job fair coming up at the m&t bank stadium. companies include mccormick and company and g.e. youposting it on twitter if want to take a look at that. futures this morning are eight little bit higher. losses driven by concern over global economic growth. g eight leaders urging greece to stay within the euro zone. summit meeting in brussels. amc has a buyout from a chinese offer for more than $2.5 billion, including debt. that is the largest purchase of a u.s. company by a chinese firm. disney brings back toy story. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> a lot of folks are thinking about vacations now. >> we were listening to a story about pickpocket errors. a warning about hotel hackers. more coming up in the next hour. >> you just cannot

jane king has the bloomberg business report. >> good morning. the occupy protesters -- wells fargo -- that is up 30% from the preceding three months. bank of america has about 40% of the mortgages originated. investors paying attention to jobs numbers from challenger gray as well as the weekly jobless claims. we get those every thursday. futures are flat. we did finish mixed yesterday. we have preliminary jobs data from adt. companies added fewer jobs than projected. the says you cannot get anything for free? buyers will get a portable gaming device while supplies last as part of a promotion to boost sales. is the smallest cluster best cefour-seater. it is easy to park. more city dwellers are making money by renting out their garages for people looking for parking spots. three guys made a business. there are 2500 spaces throughout the city and d.c. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> target making a key strategic move in favor of abel. >> they have stopped selling the amazon products. they are r

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> i'm so getting that from my husband. he does not like to share his ice cream. father's day present. >> locks for everyone. makes anave another historic run for the triple crown but his trainer has hit a stumbling block. >> don't forget to e-mail us your response to our water cooler question of the day. what are your memorial day holiday plans? you can share your response on wbaltv.com, 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. >> now traffic pulse 11 and insta-weather plus together. >> good morning. sarah caldwell checking on your morning commute. we have a new accident on the north side at dulaney valley in the outer loop. watch for a left lane closure. in may starts to impact your right. you can see some yellow on the north side of the beltway. we have an accident in at nottingham that is still clearing. another at liberty heights. there is a downed tree blocking redbridge road. not a lot in terms of vo

i'm jane king, bloomberg -- news. >>> -- 6:48.llion dollar forecast. >> yeah, if you like the sunshine, absolutely head inland if you like the coast head that way, cooler big spread today good morning 6:49 almost looking at university of san francisco beautiful campus with the clouds rolling over this morning. we are 50 at half moon bay into san francisco, san rafael, 53 oakland, fremont, 55 san jose los gatos, napa and santa rosa mid to upper 40s 59 antioch for the warm spot low 50s monterey bay inland to salinas warmer for gilroy 43° this morning. in the afternoon hours cooling trend started at the beaches yesterday will move into parts of the bay will not make it inland today it will tomorrow, tomorrow the coolest day in the forecast another warming trend on the way that's how quickly the changes are going to be. today seven degrees above average in san francisco, 72 for the high. redwood city 82 oakland 78. napa 87, san jose 87. livermore 74 today where you are supposed to be. 96 teen degrees warmer than average. could be an a

. >> here is jane king with this morning's business report. >> good morning, a big problem and a big headache for one of nation's biggest banks, j.p. morgan chase announcing a $2 billion loss. they announced a credit market and market turned against it. they say at this point it is not able to estimate what the total loss will be. >> meantime, the first prescription weight loss drug is step close to approval. it's made by arena pharmaceuticals. they have decided that the benefits outweigh the risks. more than 78 million american adults are obese. >> meantime, alaska getting close to be first states to ban companies to ask job seekers their passwords. they approved it on bill and it heads not senate. i'm jane king, with the bloomberg big report. >>> caltrans is reminding drivers that the did you mean barton bridge will be shut down over memorial day weekend. we got an upclose look what is planned during the closure. crews will install a new seismic joint. bridge will close to traffic at 10:00 p.m. friday on may 25th and caltrans plans to have it reopened by 5:00 a.m. may 29th. >> the

. >> here's jane king. >>> good morning. investors expect facebook shares to move higher than the $38 offer price. it will take time for facebook to deliver results. >> advertising revenue could grow tenfold once facebook gets serious about advertising that's the big if. we don't know when mark zuckerberg is going to allow the revenue people to take over and i don't think they will ever risk diminishing the user experience. >> zuckerberg a teenager when he co-phoned facebook in 2004 and eight years later doesn't sound much like a ref thank you-delivering chief exec. >> facebook has this -- this mission that is more than trying to build a company it has a -- we are trying -- we are trying to do this thing in the world. >> this thing more than 104 billion dollars. some investors say not worth it. some say think twice before you buy. >>> they've shot for the moon they got the stars this particular ipo is the biggest pump and dump in history. >> i'm jane king. >>> san francisco police need your help to identify three bank robber

i'm jane king with the bloomberg business report. >>> caltrans reminding all of us that it is closingentire dumbarton bridge in weekend for major seismic construction work. closure starts 10:00 friday night, reopening 5 a.m. the following tuesday. work is being done to stretch a seismic joint and install bearings to allow the bridge to better withstand quakes. the work is slated to be done in early 2013. >>> construction work to replace worn muni tracks could make for a headache. 7:00 in the evening muni shutting down parts of the n judah and j church light rail lines for 10 days so it can work on the church and dubose intersection and along carl avenue. muni detouring the 22, 37 and 43 lines. mta wants riders to consider walking or biking. >>> aide had, the bay area -- ahead, the bay area getting ready for a presidential visit. the -- >>> an i-team exclusive. for the first time the wife of suspended sheriff opens up about the scandal surrounding her family. >> plus, admission she is making about talking to a divorce attorney. hear from eliana lopez, next only on abc7 news.

. >> jane king joins us live from the new york stock exchange the with a new concern about greece. >>> yes, we were headed toward a solidly higher open, "were" the operative word. 20 minutes before the opening bell we got headlines on greece they cannot agree on a government so they will have another round of elections next month. drama in tampa, j.c. -- jpmorgan chase holding shareholder meeting there. here's how we look, we have gains they feel kind of weak we may lose them, look at those up five points in the dow. bloomberg index lower slightly. one company optimistic facebook raising price range of initial public offering, increasing expected price to between $34 and $38 a share it used to be $28 to $35. upgraded bigger photos in your news feed focusing on mobile users telling investor it can make money off them. watch for new mac book. planning a new line-up runs on more powerful intel chips focus on the mac indicating with what some analysts have been saying which is later this year apple will be concentrating on the iphone. live at the new york stock exchange, i'm jane king. >>

jane king joins us with more on that.w signs of improvement in the bay area housing market. >>> good morning. new report from clear capital says, san francisco, oakland, fremont area one of the better performing markets february to april compared to other cities with home prices in the area rising 1% compared to the previous three months. interesting about this, a third of the homes bought there were foreclosures, that is the trend now, metro areas with the highest saturation of foreclosures, like san francisco, phoenix and miami were the cities most likely to experience price gains because prices on foreclosures are rising up 6% compared to a year ago. pointing to the start of what may be a turn around in the housing market. this morning the dow, s&p, nasdaq, directionless, so far here today. a lot of world markets are closed for may-day. we have very little guidance going on here. bloomberg index, up about half percent. you may no longer have to take your clothes off in a fitting room next time you want to try something

at the new york stock exchange, i'm jane king. >>> 5:54.n are one step closer to fighting on the frontlines. pentagon is opening thousands of combat-related roles to women serving in the army. changes will allow female soldiers to serve at the battalion level not in a fighting role. 14,000 new jobs are opening up to women, including tank mechanic, rocket launch crewmember and radar specialist. >>> russian soyuz craft blasted off overnight for a trip to the international space station. >> liftoff! >> two cosmonauts and one nasa astronaut were onboard when it launched from an airfield in kazakhstan. it will dock later today at the international space station for a 4 1/2 month stay. the mission was delayed for two months. the delay raised questions on the depend 8. russian space program. >>> -- if you can't be there, see there. you can enjoy the view of yosemite falls 24/7 on a high-def webcam. one of four park web feeds. we have links to the webcams at abc7news.com under see it on tv. >>> new study says the number of people -- number of ameri

. >>> jane king joins us live that. >>> movie er monday.argest entertainment group agreeing to buy amc in a 2.6 billion dollar deal this offer by wanda group goes through it would be the world's biggest cinema owner and the largest ever purchase of a u.s. company by a chinese firm. wanda talking about upgrading theaters to imax and 3-tkhrbgs and adding more dining options -- yahoo shares, alibaba an growing to purchase a 20% stake of itself back from yahoo for several billion dollars that puts extra cash in yahoo's pocket. not much of a honeymoon for facebook. shares down about 12% right now. they are well below $38 initial offering price. facebook currently the number one provider of graphically based online add -- ads in the nation it looks like it will lose that top spot to google next year. nasdaq apologizing for the glitch that delayed trading friday. nasdaq blaming poor design for the problem which delayed trading of the shares for 30 minutes. computer systems were overwhelmed by cancellations and updates as the biggest publish offeri

live at the new york stock exchange, i'm jane king. >>> 6 48. >> let's turn things over to mike still- still cloudy but without the drizzle we had morning. >> exactly drier air starting to move in more sunshine today. good morning. from vollmer peak looking back at mount diablo some of the clouds, less prevalent and dominating than yesterday this time. high clouds the signal that the new air mass is coming in riding over mount diablo this morning. if you step out now, lower to middle 50s consistent with the cloud cover same around the monterey bay. sunny, breezy everywhere this afternoon partly cloudy, cooler tonight and warmer afternoons are coming everywhere this weekend. everybody warming except for east bay valleys the last to get the cooler air during the evening that's why you reached 80 in concord only 75 today. san francisco seven degrees warmer today, five in oakland and santa rosa, fremont and san jose three degrees warmer this is what is happening, cloud cover everywhere this morning until 9:00 then retreats quickly out of our valleys then the winds pick up around 11:00 the

live at the new york stock exchange, i'm jane king. >>> the san jose city council deadlocked on mayord's effort to reduce retirement benefits to most future city employees. the plan called for trimming pension benefits beginning july 1st, for all city workers except police and firefighters the plan was endorsed by voters two years ago the 5-5 vote last night came up short. >>> san jose's proposed budget for the year that begins in july has something the city hasn't seen in 10 years, a surplus of nine million dollars. the city managers protested budget would offer four new libraries, new community center also keeps 21 school crossing guards, staff in a state park and provide police with two million dollars for gang prevention. >>> we just watched a spectacular sunrise. >> high clouds we should have a spectacular sunset this afternoon around 8:03 as we will uplight high clouds and make for a gorgeous sunset if you get pictures send them in. here we are looking at mount diablo, vollmer peak from vollmer peak to the east a few clouds east bay hills, a lot of sun headed your way, to the no

. -- jane king is live from the new york stock exchange.niversal thing. >> we can all relate to that. good morning. many of the 27,000 people that will lose their jobs at hewlett-packard are probably not happy about it, but it does look like investor are celebrating they see it as something necessary and hp's effort to reengineer itself. shares are up more than a dollar here. some of the biggest cuts in the company's history hp's numbers stronger than expected quarterly sales and profits helping things out there. government report showing orders for business equipment dropped for a second machine in a row that could be tempering optimism over hp jobless claims number flat not a lot of job creation going on. the dow, s&p and nasdaq in the red. bloomberg silicon valley index trading down. facebook shares closed higher yesterday up a little today. the stock coming back slightly still down 15% from the offer price friday. a lot of talk about lawsuits and investigations facebook not giving much of a public response. you can get all the ketchup o

at the new york new york stock exchange i'm jane king. >>> good news for drivers. prices continue to fall. the u.s. average for regular dropped seven cents in the past two weeks diesel fell by three cents. san francisco no lodger the most expensive place in the country to fill up. chicago now has the heyest average price of $4.32. u.s. average $3.85. cheapest is sold in the nation's oil patch, tulsa, oklahoma, $3.40. >>> two cheetahs attacked a woman in south africa and her husband took pictures of the whole thing. emphasis on the whole thing. archie and violet got the chance to pet two supposedly tame cheetahs at a game preserve. one lunged for a child and violet tried to stop it. she found herself under attack from both cats. her husband kept taking pictures, not realizing what was going on. >> the attack lasted more than three minutes before the guide beats the cheetahs back with a stick. violet's left eye was closed, she lost a lot of blood but the injuries are not said to be life-threatening. archie, -- >> he some sort of explanation he was so focused on shoot