jane king joins us live from the new york stock exchange with a lot -- >> good morning.ave a higher open here markets shrugging off moody's downgrade of 15 global banks. moody's downgrading credit ratings of the banks, global banks as well the downgrade was not as bad as expected. moody's said in february this was likely going to happen. almost a relief rally going on dow up 50 points, s&p and nasdaq higher. bloomberg index trading up almost a half percent. linkedin getting sued seeking class action status asking for five million dollars over an incident earlier this month closing millions of user passwords. [ inaudible ] are you burning the midnight oil while your boss heads to the caribbean? new survey says bosses are finding more time forget tail ways than workers. 81% of managers have taken or plan to take vacation this year compared to 65% of fulltime workers. live at the new york stock exchange i'm jane king. >>> hadn't it always been that way bosses take more time off than -- i think it is a good idea. i think because they work hard. >> ageling for a raise doing a

jane king has the bloomberg business report. hi, jane. >> good morning. the headline yesterday, lookout google. apple unveiled the next version of its mobile software. it has turn by turn it navigation software. there is an integration with facebook. users will find it easier to post pictures on facebook. an upgraded mac book computer. futures this morning are eight little bit higher. there was a pretty decent rally yesterday but it plunged. skepticism that the rescue will succeed. northrop grumman has been awarded a contract from the maryland procurement office. hacking is big bucks. criminals sell the passwords and they can reap as little as $1 each. others can fetch between $15 a piece depending on the account balance. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> father's day is on sunday. dad's really do not want neckties. >> i guess we're not shocked with that. they do not want t-shirts either. >> i agree on the t-shirts. we'll see you next hour. >> 5:23. 74 degrees on tv hill. teachers in one co

jane king has the bloomberg business report. hi, jane. >> hi, stan. good morning. we hear about banks cutting fees. jpmorgan chase dropping overdraft fees on purchases of $5 or less. if you saw your statement, customers can avoid those hefty feats which include a $34 return item fee. expected changes to take place on july 22. burger king is now a publicly traded company again. the company has been trying to reinvent itself. i even got a free frappee to celebrate the occasion. a mixed close yesterday. the fed cut its forecast for economic growth. futures pointing a bit lower. we do get the weekly jobless claims every thursday. the gambling expansion in maryland. legalizing table games in maryland is estimated to create more than 1900 local jobs and another 400 on top of that is a casino is authorized in prince george's county. there will not be a special session on the issue for now. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> as a result, no jobs. sometimes having wifi in hotels are good selling point. >> wifi

jane king has the bloomberg business report. hi, jane. >> good morning. an early investor of facebook is well known from now apster. he says he is bored by facebook. has unveiled a new site which allows you to video chat with other users on facebook. facebook shares are down 30% from the ipo on may 18. we did have a report on the services industry. that helped to pull stocks higher. things are looking strong for the start of things today. mass job cuts be ahead in the defense industry. thousands of layoff notices before the november elections. the national retail federation fills a record 96%. that is nearly all retailers say they were targets of organized crime in the past year. has been stolen. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> walmart is planning to expand in the baltimore area. does that mean more jobs? >> two new wal-mart's will be opening soon and how many jobs that will create. rents are on the rise. >> thank you. >> 5:22. we have some nice weather on the way. >> don't forget to e-ma

jane king has the bloomberg business report. good morning. >> good morning. we could have a big week ahead of us. there is the major supreme court decision expected on the landmark health-care law. congress will be forced to act on loans as well as a dispute over students federal loans. european leaders hoping a another summit to talk about a blueprint of the euro. lots to digest. futures are looking lower for the start of things. futures are down about 80 points for the dow. the market breathed a sigh of relief. about 3600 workers from lockheed martin. terms of the agreement were not disclosed. a previous contract outlined was rejected and workers went on strike. breaking may be hard to do. research in motion considering selling a portion of their company. they lost market share to iphone. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> more hotels are making special offerings for pre-teens. >> many are raising the stakes and this includes spa treatments for those under 13. more baby boomers able to afford

jane king has the bloomberg business report. welcome back. good to see you. hello, jane? >> good morning. sorry. a little technical difficulty. futures are very quiet. we'll explain why in a second. a lot of this attention on the federal reserve. there will perhaps have more stimulus for the economy. ben bernanke will decide whether to expand the stimulus program to give a boost to the economy. the s&p now sitting at its highest level in more than a month. the pentagon and congress should press lockheed martin to reduce soaring cost of their joint strike fighter. the contracts are exceeding their combined target costs by a billion dollars. the senate is pollen through the many amendments of the farm bill -- the senate is plowing through the many amendments of the farm bill. then it goes to the house. sharp just unveiled the largest led television, 90 inches. it is $11,000 and is 3-d ready. 3-d has been a success for may sales perspective -- has been a success from a sales perspective. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> t

jane king has the bloomberg business report. >> there is an announcement from disney. disney will cut advertising time for foods that fail to meet minimal nutritional requirements. michelle obama has been pushing the let's move initiative. school are moving away from pink slime . vast majority have opted to order a ground beef without the product known as lean and finely textured beef. seau it is safe to eat -- some say it is safety. an unexpected decrease in factory orders. the bloomberg maryland index fell fractionally. marriott hotels plans to go on a hiring spree. they plan to hire as many as 10,000 workers in the u.s. the european debt crisis and the u.s. economy are the biggest concern for business. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 56 degrees on tv hill. >> keith mills tells us when we might see in the prospect for the orioles in the bigs. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> good morning. let's bring you up to date. hav

jane king has the bloomberg business report. good morning. >> good morning.ings in the u.s. from the decline. this as lenders dispose of more properties and it is many because of the short sales. the bank basically eats the difference. microsoft is in discussions to acquire a company called yammer. they operate a social networks for businesses. worth al could be r more than a billion dollars. investors taking a closer look at the weekly jobless claims. we'll get that in a couple of hours and also inflation numbers. futures are very quiet this morning. generral will be reading the opening bell on wall street -- a general. retail sales were slowing in may. student loan boris in maryland have the highest amounts in the nation. the outstanding was just over $37,000. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. you mean their parents have the debt. >> a new government report shows it is getting more expensive to have kids. >> these numbers do not include college. it is getting more expensive. the cost to raise a

jane king has the bloomberg business report. good morning. >> facebook has been getting grief for a lack of diversity on its board of directors. they have the first female director. she has been a partner in running facebook with mark zuckerburg and she is a natural fit. the majority of users on facebook also women. 9% of chief information officers are female. futures this morning, a little bit of a rebound. we had some heavy selling yesterday. we did get some numbers on new home sales for may. they reached a two-year high. more furniture shops are setting up shop in your area. a grand opening on thursday in towson. there have been recent openings for home goods as long as ashley furniture stores. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> when i take a vacation, i have to go someplace with a grade gym. hotels are offering something more than usual stairmaster. >> people want to stay fit when they are traveling. we're talking boot camps. i will have more on that. facebook getting rid o

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. there is >> there is buzz about samsung. >> a deal to name your newborn baby from groupon. >> i don't know that i would pay for that. thank you. >> i did nothing so. 5:22. chances are if you stepped outside you felt the heat. >> a look of the great chesapeake bay swim. >> despite the heat, it was a beautiful weekend. >> 650 swimmers took part in the great chesapeake bay swim on the eastern shore. it is a 4.4-mile swim. >> the winner said the baking conditions made it tough to finish the race. >> i am happy to come out on top. the less straightaway, you could see the finish -- that's last straightaway, you could see the finish. >> he is 17 years old and won race two years ago when he was 15. >> the husband of a woman speaks out about her death. >> less than two months until baltimore's top cop resigns. i have the latest on this search for a replacement. >> hallie jackson in washington. >> the weather is pretty quiet but we have some rain in the forecast. >> we're checking on 795 south

jane king has the bloomberg business report. >> google thinks there is room for them as well. they plan to unveil a tablet at the developer's conference this week. talbott will be priced at -- the tablet will be priced at 199 bucks. it is expected to be 7 inches. microsoft unveiled its own tablet called surface. if you had your diet on a new samsung tabloiet, you my be outf louck. a judge said it was a copy of the ipad. get pending home sales later today. futures this morning are a lot lower. we did rebound yesterday after some pretty steep losses. home prices in big cities were on the rise. it is time to remember our video-game roots. remember pong. today is the 40th anniversary of atari. the lowest of low-fi graphics. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> i remember going to a party and two people were playing pong. oreo cookies. kraft is stirring up some controversy. >> it is gay pride month. they posted a rainbow compete in support of gay pride. the wave of the future may be charging your plug in the vehicle wirelessly. >> w

jane king has the bloomberg business report. good morning. >> happy friday and have the pre-father is dea's day. an update on radiation exposure. people now spend more times on their phones than they used to. a possible link between mobile phone use and an increased cancer risks. reynolds american pushing through a 6 cent price hike per pack on all of their cigarettes and that includes a marlboro and camel. futures this morning are a bit higher. we have to mention the greek elections. nearly 10 million greeks will vote for a second time after their first vote did not come to a consensus appeared to be questioned about whether greece will accept open ended austerity. we did charge higher yesterday that steps will be taken to boost the economy. father's day is sunday. more than a third of working dads are bringing work home. 33% of fathers would be willing to take a pay cut. that number is down. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> thank you. >> 5:23. 62 degrees on tv

jane king has the bloomberg business report. >> good morning.hether or not the health care law is overturned, united health group is expected to announce it will continue to offer coverage to young adults. the exception is those with pre- existing conditions. free preventative care without facing lifetime benefit limits. investors looking at the european debt situation. spain got a rescue for its banks. u.s. stocks gaining last week. the bloomberg maryland index rising on gains for under armour. samsung says it is interested in acquiring nokia is a groundless. have fallenes this year. groupon wants to name your baby. the cost is $1,000. they say they will relieved parents the burden of naming their baby. one couple has bought the deal. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> strange. it made carjacking a federal crime. now her husband is speaking to 11 news. >> gorman road, howard county, the scene of a virtual horror show 20 years ago. now a man left behind by it all speaks exclusively to the i- te

jane king has the bloomberg business report. >> the days of watching a free video on youtube may come to an end. they may sell some of their video. the site makes money by selling ads. from for a new tabloet microsoft. there will be a major announcement from microsoft on monday. even companies including amazon and samsung have put ut tablets but the ipad continues to lead the industry. baltimore is among the top markets for those who of thrown back a microbrew. microbrews are distributed regionally typically. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:20. 61 degrees on tv hill. the orioles look to sweep the pirates. >> terrell suggs updates on his injury. >> 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. it is shaping up to be a good commute except for a problem on westbound 70 still closed at 32. you can see some delays that began around 40. this because of an overnight accident involving three vehic

jane king has the bloomberg business report. >> hotels with spas are offering premium services for those under 13. the ritz carlton has pedicures for children as young as age 2. there is a growing number of senior citizens joining the social networking site. 1/3 of internet users did use social networking sites last year. a growing number of baby boomers able to afford the car of their dreams. muscle cars are really popular right now, especially the ford mustang, the charger, and the gto. collector cars can set you back as much as $100,000. a report of new home sales this morning. the bloomberg maryland index getting a boost on gains for source fire. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:19. >> the orioles wrap up their interleague rivalry. >> don't forget to e-mail us your response to our water cooler question of the day. do you think the supreme court should repeal the health care reform act? 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 nig

jane king has the bloomberg business report. >> good morning.t might be better off on a pc when looking for a travel bargain. results on the mac tend to be more expensive and more upscale . facebook has deactivated what some people were calling the stalker app. it lets you connect with people that are within a certain vicinity. investors wedding of reports on consumer report. we can blame europe again. the bloomberg maryland index dropping on losses for under armour. a number of hotels are offering both camp workouts to lauren those health conscious business travelers. these are rigorous courses that may involve a boxing gym. the concept may be taken to another level which will focus on wellness. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> i know you like a good workout. >> i don't need a drill in specter. >> 6:20. 60 degrees. >> two of the world's top swimmers swear off. -- squared off. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus to

jane king has the bloomberg business report. happy friday. >> the price of a single day parking ticket is now $89 at disney. that is up $4. looking for some fun closer to home, the maryland live! is now open to business, hiring approximately 2500 workers and employing 1500 on the property. it will support schools in the area. it is the single biggest source of revenue for children in maryland. spain's credit rating is being cut. futures are under pressure as volatility continues. the fed chairman did not say more stimulus is immediate. that is how we finished the day. facebook has something new offering 600 applications ranging from zinga. they hope that uses will stay on the site launder. -- they hope users will stay on the site longer. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> that is because we need more things to check out on facebook. >> exactly. >> thank you. >> we always need more to do. 5:22. the weekend is finally here. he grabbed your beehives -- grab your beehive and hon it

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> it looks good to me. i will eat it. >> the orioles welcome a west coast slugger to camden yards. a big night for albert pujols. keith mills will join us for sports. >> here is a look at last night's winning maryland lottery numbers. ♪ oh yeah, this is what a weekend getaway should feel like. and does. if you're here that is. feel the fun. feel the hamptonality. you're probably muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. >> now traffic pulse 11 and insta-weather plus together. >> we want to remind you that southbound 295 is closed near 648 because of an accident. baltimore street is set out in the city between stockton and carrollton because of fire activity. here's a quick live look at traffic. this is the west side. some delays starting to form prior to 70 down towards edmondson. that is the latest on traffic pulse 11. >> it will be another beautifu

jane king has the bloomberg business report. hi, jane. >> hello. good morning. it is a big day. we're talking about jamie dimon. we just looked it is prepared testimony. his remarks may leave us with more answers the questions -- more questions than answers. shares of chase have dropped 17%. investors taking a close look reports on reflation and retail sales. futures are flat for the start of things today. yesterday, a big movement to the upside on more speculation the federal reserve is ready to take steps to stimulate the economy. we will see for sure when they call their meetings next week. ikea installing solar energy panels. using amazon's kindle. a five-year contract with amazon worth more than $60 million in false as many as 35,000 of the e-readers. they would be used to stock libraries around the world. the ipad offers unnecessary functions and fell short on better requirements. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> no real shocker -- college tuition costs continued to rise. >> not what any parent or student wants to hear.

jane king has the bloomberg business report. facebook has more than 900 million users and it wants to expand. >> they do. more on that in a second. futures are not indicating a lower start. markets in europe and asia are down on concern that the global economic is slowing. we have the dismal may jobs report on friday. crude oil prices are plunging. you may see prices at the pump agent a few cents lower. you'll be able to pick the brain of warren buffett. you can win lunch on ebay. glide serves meals and provides housing to the needy. bids are not open at $25,000. us year they set a record -- last year they set a record. senior software engineers can command the most coin over it facebook. their salary is averaging one under $32,000 a year -- $132,000 a year. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> thank you, jane. 5:22. "the avengers" went to a place where only two movies went before. >> don't forget to e-mail us your response to our water cooler question of the day. wh

jane king has the bloomberg business report. >> good morning. two democratic lawmakers say walmart has not provided enough information in the government's investigation over whether the retailer's executives bribed mexican officials to expedite store openers. lawyers are expected to meet today. the ceo of jpmorgan chase testifies before the senate banking committee about risky bets which resulted in billions of dollars of trading losses. stocks were surging yesterday. the bloomberg maryland index was higher on gains for under armour which just announced a two-for-one stock split. a recall for the honda civic for the 2012 model year to inspect and replace drive shafts that can separate. the average price of light for your university has jumped 15% between %and 2010. college will soon become unaffordable if prices concede to rise. costs at johns hopkins are up about 4%. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6;20. brian roberts makes up for lost time -- 6:20. an amazing comeback performance. >> here

about jane king, it's a really sad story because here was an aspiring actress, a pretty girl, as the pictures suggested, who was last seen at a bus stop on franklin avenue in hollywood. and, unfortunately, the next time she is seen is when her body was found off of a freeway off-ramp in the glendale area. >> today's discovery means that the bodies of seven women have been found in a radius of seven miles at this location, and the investigations continue. >> what was really poignant about it was that many of us, going to our news room, day after day, have driven past jane king's body, lying there in the shrubbery, and never seen it. >> as thanksgiving arrives, news of king's death turns a day of family reunions and celebration in los angeles into a day of fear and dread. >> we were already terrified already, and then comes thanksgiving, and now there's more bodies, and we're scared to death to even go out. because we're going to come home after dark, and we have to debate, well, should i go to grandma's this year or not? >> the thanksgiving in 1977 was incredible. it was bizarre. the

jane king has the bloomberg business report. >> good morning. marriott hotels is launching a new campaign aimed at the lesbian gay and transgender communities. the idea of the campaign is to show all guests can be themselves when staying at the marriott hotel. the company has a long commitment to diversity and inclusion. immigrants are important to maryland. immigrants make up 80% of the state's total work place. stocks yesterday were searching for direction. the bloomberg maryland index took a dip on losses for under armour. gift givers are planning to spend more than ever on father's day. the average person is expected to shell out $117. people spending more on moms. average spending for mom was $152. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> we have a problem in joppa. >> the orioles look to complete the sweep in beantown. keith mills will join us live in the studio. >> don't forget to e-mail us your response to our water cooler question of the day. will the traffic problems at arundel mills keep y

jane king has the bloomberg business report. good morning to you. >> good morning. futures looking a little higher. nothing like what we saw yesterday appearedth. the dow had its biggest day of the year yesterday. money from the european union to possibly bailout spain. there was still some stimulus program on the program to help the u.s. economy. all that giving us the big gain that we had yesterday. we will hear from ben bernanke, what he has to say about the economy. he will testify this morning on the economy. lockheed martin can tease to attract more contract revenue even as budget cuts way on its peers. contracts rose 10% and that is nearly double what we have learned by boeing. the new smart phone by samsung, the galaxy. companies have been in court, accusing each other of copying designs. the smart phone market is worth about $200 billion worldwide. apple is seeking to block the new was phones from htc from hitting the markets. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> the economy is still on shaky grounds and som

jane king has the bloomberg business report. >> good morning. summer kicks off with a bang.good humor has a short supply for its classic toasted o almond ice cream because of a plant shutting down. owners of the most complaints about audio entertainment and navigation features. ben bernanke gave signals the fed will probably add to its record stimulus program if the economy workers. he said we need to see letter a month for0,000 jobs stability. the bloomberg maryland index was lower. some of the biggest hotel chains are considering charging more for upgraded wifi. ramadas may follow. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:20, 78 stay degrees on tv hill. bats finally come alive in queens. keith mills will join us live for sports. >> don't forget to e-mail us your response to our water cooler question of the day. even though there won't be a special session on expanded gambling this year, do you think table games will eventually be allowed in maryland? you can share your response on wbaltv.com, on our facebook page, or send us

jane king has the bloomberg business report. >> good morning. the supreme court's ruling is still up in the air on president obama's health insurance over haul law. some would save the most popular provisions and that would include letting students stay on their parents' plan. jpmorgan chase knew what their lending team was up to two year before they lost $2 billion. jamie dimon may be asked about that when it testifies. the bloomberg maryland index was falling. dads are not big fans of neckties on father's day. ties and shirts are what thtey ey least want. they do not want time alone either. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> thank you. what do you think? >> as a dad, i like to take my kids to the golf range. >> you are a good guy. 6:19. it will come back to the nest for brian roberts. >> here is a look at last night's winning maryland lottery numbers. >> now traffic pulse 11 and insta-weather plus together. >> we have some light rain in the area and then mate set you back a few minutes. we ha

we turn to jane king with the bloomberg business report. tgif. >> happy friday to you, too, stan.mally on these days where we have big jobs reports, we have quiet trade. but we're down 100 points and in europe, having a lot of impact on that this morning. a few hours from now we will be getting that may jobs report from the labor department. economists think it will show a pick up -- a pick-up in jobs growth. it's a key issue in the upcoming election. unemployment stands at 6.9% down from 7.1%. and wal-mart at shareholders will face questions about its alleged bribing of mexican officials to speed up its expansion plans there. we'll hear what they have to say in terms of growth. and capping the biggest monthly decline since september, while the republican controlled house wants to boost health care spending for veterans, it provides more money to record numbers of vets and iraq and afghanistan claiming service-related disabilities as they return home and ford trending facebook in a big way. the automaker promotes licensed merchandise ranging from t sthoirts toy cars just in time f

jane king has the bloomberg business report. >> good morning. the labor department said americans are feeling less inclined to leave their jobs and less likely to start their own businesses. the less job turnover there is, the harder it is for others, especially younger people to find work. some positions may make you more susceptible to gaining weight. social workers and teachers are among jobs with high numbers of workers reporting weight gain. they spend much of their workday sitting. investors are looking at the latest jobs numbers. a big rally on wall street yesterday. the biggest rally on wall street yesterday. the bloomberg maryland index jumping on gains for the co-star group. a recall on birth control pills. there was a packaging error that mixes up the placebo pills with the birth control pills. there were distributed between january and may of 2012. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:19. the orioles take on the red sox. keith mills will have sports. >> don't forget to e-mail us you

. >> jane king is at the new york stock exchange that and good news planning an independence day road> good morning. just in time for the 4th of july holiday, gas prices dipping lower aaa says average prices nationwide on regular down to $3.42, 24 cents lower than a month ago. concern about europe's debt problems and global economy helping push down prices on the crude used to make gas. keep an eye on prices this week crew production shut in -- as debby slowly approaches. toyota may be gearing up to produce new prius in the united states. toyota is zeroing in on mississippi as the location looking at producing key components such as engines there. investors today continuing to worry about european debt and slow down in global economic growth. stocks did gain friday after moody's downgraded big banks but not by more than what was expected. i'm jane king with the bloomberg business report. >>> concord farmers market once again open for business thanks to community effort. the city shutdown the market a few weeks ago because it didn't have proper approval. community activists sprang into

. >> jane king has the business report. >>> you still need to lock your car but you probably don't needas worried about auto theft as you used to be. auto theft is on the decline. crime bureau says fbi data indicates it dropped in 2011 or the 8th year in a row thanks to more security features. state college pennsylvania had lowest rate of any metro area in the nation. fresno, california had highest. job cuts underway research in motion struggling blackberry maker trying to cut a billion dollars in operating costs a year it tense to lose customers going for iphones androids if you want to start planning a vacation but aren't ready to pay for it yet. starting today, you can buy flights, cruises, car rentals and vacation packages by credit card or on layaway on sears s.com 100 vacations for $399 or less from now to the end of july. at the new york stock exchange i'm jane king. >>> the san rafael police department making up and moving out of its offices at city hall temporarily. upgrades to the current police officers mean the department will be partially displaced for four months today tem

here's jane king. >>> good morning. report is out and it is a huge -- may jobs report is out and it is a huge disappointment only 69,000 jobs added last month. when the number came out a huge groan on the trading floor here at the new york stock exchange. numbers fall well short of expectationses we thought we were going to have 150,000 jobs added last month. unemployment rate ticked higher to 8.2% interest 8.1, the smallest job growth in a year. investors satanning to monitor europe's debt crisis spocks -- stocks yesterday manager to recover. the probe into huge trading blunders at jpmorgan chase intesla. -- intensifying. subpoenas are being issued related to the -- [ unintelligible ] you may not be eligible for a bailout like some european countries you can catch a break on breakfast drunk king doughnuts offering a free doughnut with the purchase of any beverage it started tostóm honor women who served doughnuts to world war i soldiers. not to be out done krispy kreme offering free doughnuts, no purchase necessary. a

live at the new york stock exchange, i'm jane king. >>> time for the weather forecast. >>> graduationsalk about, three of 'em today oakland tech bulldogs paramount theater 6:00 tonight sunny about 72° for. riverside high in pittsburg 6:00 tonight sunny, breezy, a little warm 88° as they graduate in the gymnasium. ignacio valley high the warriors in concord graduating 6:00 sunny and 94 hot for you guys outside. a few fingers of fog from sutro tower this morning we are looking back towards sutro tower this morning looks like cooling already starting to develop along the coast. as far as anything falling out of the clouds live doppler is rain-free this morning we have a clear commute as far as that goes. let's move on. temperatures still 63 antioch, 47 half moon bay be else in the 50s in between. low to mid 50s monterey bay inland to salinas, gilroy 49, sunny, breezy this afternoon, clouds near the coast will spread over all of our neighborhoods tonight that will help temper the heat inland starting tomorrow, today still well above average around san francisco three degrees warmer oakland

. >> jane kings has this morning's business report. >>> good morning.getting best prices on amazon new study on a rang of items shows on average prices on amazon are 20% more expensive than wal-mart stores or websites. things like food amazon is almost 60% more expensive. victims of mishandled foreclosures may be getting big checks. banks including chase, citigroup and bank of america will be paying out as much as $125,000 to customers who got foreclosed on when they weren't official fully default. moody's downgrading credit rating on some of biggest banks. citing concern over exposure to volatility in the global financial markets. at the new york stock exchange i'm jane king. >>> vacation fund for a school bus monitor in new york who was viciously bullied by middle school students has grown to nearly $400,000 this morning. the fund began after this video of the bullying hit youtube. 68-year-old karen klein subjected to verbal and some physical abuse. the students taunted her about her relatives should kill themselves because she is so fat. turns out he

. >> jane king is live at the new york stock exchange with that and more. >>> good morning.ittle strength, government report showing demand for big ticket goods like commercial aircraft gained in may. orders way below their peak in 2007. we did get a report on pending home sales at the top of the hour. here's the markets dow, s&p and nasdaq slightly in the green. bloomberg silicon valley index trading higher. wall tkpwraopbs offering free hiv testing -- walgreens offering free hiv testing for three days starting today from 3 to 7 p.m. part of a program by the cdc the plan to expand the rapid mouth swab test across the nation. cdc says more than a million americans are infected with hiv, 20% don't know it. in the age of games like farmville, zynga, time to remember our video game roots. remember pong? today marks the 40th anniversary of the video. it was the world's first video game smash hit. live at the new york stock exchange i'm jane king. >>> mike is teasing me a little on twitter about my wardrobe color. nice eye. >> i thought for sure you would have original or black o

live at the new york stock exchange, i'm jane king eric happy father's day. >> thank you develop janesame to your husband. >>> -- >> happy father's day from me as well and lisa. >> although i'm not their father despite the age difference. >>> good morning. nice out there now, a little hazy, we are looking atv rbÑ rapid warm-up offshore flow in fact high fire danger increases especially in the north bay mountains later tonight into tomorrow, bridge there a little hazy and that's due to a high pressure ridge pushing down on the atmosphere. excuse me. live doppler shows a little at lots of sunshine and wind throw will change and that face going to bring our temperatures up significantly. with the critical fire weather in the north bay mountains it goes without saying that the diablo range too with breezy winds will be critical fire weather increasing fire dangers, temperatures climb to the triple digits tomorrow, 50 fremont, 46 half moon bay. looking at temperatures rising today, tomorrow, hottest day saturday, warm at coast 70s beaches if you don't like the heat nice escape could be any

at the new york stock exchange, i'm jane king with the bloomberg business report. >>> now 5:56.you never thought you would hear this. coffee, the heart healthy food, at least that's the shun from a new study by the american heart association. the study finds drinking two eight ounce cups per day can reduce a person's chance of developing heart disease by 11%. the study authors say coffee may lower the risk for diabetes which can contribute to cardiac failure. the study warns drinking four cups per day can reduce protection and five cups could be harmful. three cups maybe some wiggle room. >> between to three maybe the magic number. >> yeah. >> three is questionable. >> i'm going to cut you off. next, we'll check in with frances dinglasan in the traffic center for an update on that big rig fire near 88 know oakland. >>> testimony resumes this morning in the trial of a man charged with beating a los gatos priest. the court ruling making the man's defense more challenging. >>> >> the move towards

live at the new york stock exchange i'm jane king. >>> 6:48. >> i think we are seeing a lot of proofidents are not that great driving in the rain in june. >> especially in june, absolutely. shoot -- shouldn't come as a surprise we talked about it last week. hopefully it is not catching you by surprise. here's that drizzle as we look southeast from our roof cam, downtown san francisco barely see the port under the bay bridge from this advantage point. live doppler you can see initial line of showers moving through the north bay now the rest of us drizzle cold front to the west, moving dew west to east, showers will -- due west to east showers will march, an -- humid air is the reason why there is so much drizzle. humidity, palm ing moisture too the system good chance -- good chance of showers from 9:00 to 2:00 as the system rolls through, until then moist morning with drizzle and scattered showers 50s and 60s low to upper 50s around the monterey bay. drizzle morning commute for sure showers today lingering chance of showers tonight minor, minor chance dry tomorrow and warmer through t

. >> let's check in with jane king. >>> good morning no moreover draft fees of up to $59 when you buyor cup of coffee. jpmorgan chase dropping fees on any purchase that is $5 or less starting july 22nd. customers without enough in their account to cover purchases can avoid the $34 returned item fee. $10 overdraft protection fee and $15 extended fee. earlier this year chase agreed to settle a class action suit. some of the nation's biggest hotel chains charging extra for fast or upgraded wifi. marriott charging extra at some locations. others may follow as hotels deal with exploding demand for internet. i'm jane king with the bloomberg business report. >> june of america's most icon i can artists has died. paint -- iconic artists has died in manhattan yesterday. leroy neiman is known for his broad strokes and colorful works of famous athletes. a cause of death has not been announced he leroy neiman was 91-years-old. >>> study challenging the long held belief that pregnant women should not drink alcohol. a look at more than 1600 pregnant women who drank one to eight drinks a week, the s

live at new york stock exchange i'm jane king. >>> gotta check out some islands that are for sale. >>e somewhere. >>> we did have technical problems earlier with the report on the sunscreen to protect against skin cancer we'll bring that to you on abc7 news at 4 p.m. today. >> speaking of the sun, are we gonna see any? he brings sun and joy. >> thank you, i try to. >> at least somebody's son. >> and she does watch from atlanta. mom, former teacher. 6:51 let's see if if i can have good grammar during in forecast. doesn't this look like fail day? sue brought this to my attention. look at the winds and clouds and sun. yeah kind of looks like fall even though it is the first day of summer and it going to feel like fall. from mount tamalpais from the south, san jose, let's not if you did it would be sunny doppler showing that it is clear under the clouds just drizzle possible at the coast and possibly mist at higher elevations around the east bay first day of summer sharply cooler up to 23° cooler cloudy tonight, mist possible cooler through the weekend. 24 hour temperature change biggest

. >> for that let's go to jane king.w starting off a little flat this morning. >>> yeah, and we are staying flat. talk about boring this market is doing nothing today. as you mentioned the finance ministers and central bank governor holding a conference call this morning to discuss what canada's finance minister calls the situation in europe. at the center of that situation, what to do about europe's debt crisis, including greece. in spain the government said this morning for the first time its ability to borrow to shore up its banks is rapidly weakening. market access to funds is being shutdown. one reason this conference is being so closely watched. we don't have any news. we believe they are still on the call. dow, s&p and nasdaq look like this, not a lot of movement in either direction. the bloomberg index is up a quarter percent. facebook shares are a little higher today. this after a reuters survey says most facebook users don't purchase goods or services based on what they see on the site. survey says fewer people

. >>> warning, if you are writing checks for more than what is in your account >> here's jane king. >orning. the cost of using overdraft protection going up. new study says fees on checking accounts jumped in the past two years in spite of efforts to keep them in check. the basic fee itself has remained at $35 banks are charging additional fees and a huge interest. another airline raising baggage fees united continental second bag to $100 from $70 on flights to europe. similar move by dell dark united and continental collected more than 600 million dollars in baggage fees last year. european finance ministers agreed to provide up to 125 billion dollars in loans to keep spanish bank as threat. stocks gained last week on optimism the world's central banks could get it together and stimulate the global economy. at the new york stock exchange, i'm jane king. >>> new study will have travelers breathing a sigh of relief over tsa full body scanners. resoyers say they pose very little risk. radiation for the scanner does reach through the skin into organs but the levels are lower than those o

. >> here's jane king. >>> growing number of retailers are victims of organized crime.on says record 96% of retailers surveyed say they were targets of organized crime operations in the past year this includes thieves stealing merchandise on its way from distribution centers to stores. the biggest problems were in atlanta, baltimore and chicago. you might think you are only sharing your resume linkedin linking you in, in more ways than you thinkwv?. you may soon have a new place to pick up coffee to go starbucks seattle's best coffee division signing a deal with red box owner to sell coffee in thousands of new kiosks across the nation the kiosks will grind and brew coffee starting at a dollar a cup. at the new york stock exchange, i'm jane king. >>> google warning g-mailers use they may be the target of state-sponsored cyber attacks. the search giant has unveiled a new warning system when it suspect as -- -- suspects attackers are or could be. >>> we have a warning this morning about the effectiveness of vaccines given to some low income children. abc news has obtained

jane king at the new york stock exchange with that and -- [ unintelligible ] what a scary thought. >>ouldn't like that either. and it is too big to fit in my new york apartment that story in a second. home values continuing to show signs of firming up. zillow says nationwide home values rose half a percent in may compared to april wasn't a lot, but a little stabilize. they did fall compared to a year ago at the slowest pace since 2007. bad news for renters, rents climb 2% in april to may, home prices in the san francisco area more than 2% lower in may than a year ago rents up 9% locally almost twice the national average. markets flat now little negative bias we are waiting on the federal reserve and their announcement about possibly more economic stimulus. bloomberg index down slightly. taking a hit. coming out with sales and profits that were lower than some estimates causing disappointment in the stock. for those who think bigger is better, take a look at this. sharp just unveiled what it says is the largest l.e.d. television in the world, 90 inches. it weighs 141 pounds and costs $

. >> here's jane king with the bloomberg business report. >>> good morning.ederal government taking another look at whether the radiation from cell phones is safe. federal communication commission has hasn't updated guidelines since 1996 things have changed a lot since. with texting and online games people spend more time on phones. the number of people with cell phones have increased dramatically. some studies indicate a possible link between mobile phone use and increased cancer risk. watch for new tablet from microsoft designed to ipad a run for its money. microsoft has sent out invitation force a major announcement monday afternoon in los angeles. the "wall street journal" reporting microsoft has clinched a deal to buy yammer creates social network use inside companies. i'm jane king. >>> a san francisco bicyclist accused of running over an elderly pedestrian has surrendered to police. the district attorney's office filed charges against 36-year-old chris bucchere wednesday. the d.a. says by cheer -- bucchere was riding wrecklessly when he ran a red light

and living social has new offers on the table for its members. 11 news reporter jane king has more in our bloomberg business report. >> good morning. living social is teaming unwith the sports and entertainment company aeg. that i own facilities like the staples center in l.a. and has promoted tours like taylor swift and justin bieber. now living social members can buy tickets the daily deal site will also offer premium packages. a rival groupon teamed with live nation in a similar partnership. investors, looking into today's big monthly jobs report coming out at 8:30 this morning and continuing to monitor europe's ongoing debt crisis. talks yesterday still falling capping the biggest decline for the s&p since september. and the bloomberg maryland index makes up with gains. with father's day just two weeks away, a new survey released finds gifts women want to give may not necessarily be what men really want. the number one present women think men want is tickets to a sporting event. topping the list is high-tebling gadgets, a home cooked meal or a guilt-free weekend with friends. at t

. >> jane king joins us live from the new york stock exchange. >>> good morning. asking for a bailout for its banks over the weekend. looks like they are gonna get that it is sending stocks higher. the idea is to provide spain's banks with a 125 billion dollar line of credit. the thinking is better and cheaper than bailing out spain's government because of its debt problems. the dow, s&p and nasdaq in the green. bloomberg index about a third of a percent higher. apple among the stocks watching today gearing up for the developers' conference starts today. waiting to hear more about mac computers, new features that power iphones and ipads and replacing google map with its own map app. writing future applications that can work on a larger surface that would signal apple planning on a larger screen for. phones. if you are a student or parent, microsoft, boeing, ge starting to establish relationships with college students way before they graduate and making sure they get training before they end the workforce. boeing wants workers to show up first day on the job ready

. >> bloomberg reporter jane king joins you live from the new york stock exchange. f pessimism jane. >> yes, true. european leader summit later this week not a lot of optimism the group will gather thursday talk once again about europe's growing debt crisis. greece's prime minister won't be there he is recovering from eye surgery. stock futures this morning the overall markets lower today germany isn't willing to do what is needed to help out greece and spain as those countries' debt problems grow. we will be getting a report on home sales from the commerce report in a few minutes. sales climbed from april april new home sales had already firmed up and home builder confidence hit a five year high this report could come into play perhaps lessen our losses. right now the dow is down about 150 points. the s&p and nasdaq also in the red. bloomberg index is trading down. you know how apple in the process of changing its maps on iphones and other devices new iphone maps app will include yelp you will be able to use it to broadcast your location to friends if you want to re

. >> here's jane king. >>> good morning. under investigation by the justice department. officials are looking at whether the companies are improperly using clout to hurt online competitors like netflix and hulu. if you are feeling like your teenager needs to get a job don't be too harsh fewer than three in 10 americans 16 to 19 have jobs lined up this summer. college students, immigrants and older workers are getting those jobs. teens that can't afford it are spending summers in camps and schools. what is easier to eat in the car than a hand-held wrap? it might be finger food like -- finger food with dips is hot now in the restaurant business. 70% of all meals ordered at u.s. restaurants get eaten in cars. i'm jane king. >>> the announcement by "good morning america" anchor robin roberts says she has been diagnosed with a rare blood disorder is sparking a huge increase in people signing up to be bone marrow donor. she announced monday morning she is suffering from mds that will require a bone barrow transplant. bone marrow s

at the new york stock exchange, i'm jane king with the bloomberg business report. >>> important healtharge number of moms don't meet breast-feeding goals. the cdc released research, 85% of moms plan to breast-feed three months or longer but only 1/3 of those mothers manage to do it. those who are married have a brief baby or begin nursing after a baby is born are most successful. the they recommend babies be fed only breast milk for the first six months. >>> maker of a popular suntan lotion investigating claims a man was burned after applying the product. he suffered second degree burns from the flames of a grill moments after' spray-on nan -- banana boat sunscreen. the company says it takes the matter seriously and will begin a prompt investigation. >>> ahead at 6:00, tracking wet weather. drizzling over the bay bridge could make for a soggy day. >>> neighborhood watch volunteer accused of killing trayvon martin is back in jail. appeal his lawyers will make to a florida judge this morning. >>> major closure of a runway at sfo. will your flight arrive on time? update head.@a@a@a@a@a@a@

. >>> bloomberg reporter jane king is live at the new york stock exchange with the laces business news> good morning. big drop in bay area for closures. filings in the san francisco, oakland, fremont area down 6% in may compared to april and didn't 26 in may compared to a year ago that doesn't moon you are out of the woods. initial notices of default jumped indicating new wave of distressed properties may be hitting the market. weekly unemployment claims actually came in a little higher than expected. we also saw deflation showing up. both of those numbers signs of a slowing economy. stocks are not taking it too hard. the thinking is with these reports the fed may be more eager to do something to stimulate the economy. bloomberg index lower half percent. source telling bloomberg san francisco-based company in talk tossle itself to microsoft. the source says a deal may be reached as early as tomorrow. it is a social network site for businesses. the price tag could be we hear a billion dollars. that would help microsoft add social network tools. facebook stepping up ad game amid skeptici