we will check in with jane king live athkx1ñ;x;x;x;x;x$ú >> novato, oakland, sunnyvale and all the bay this is abc7 news. >> welcome back. good morning, it is 6:45 on this wednesday morning. we are hearing from the parents of notre dame football star, manti te'o, since the girlfriend hoax scandal break out less than a week ago. >> the parents and their son are speaking out in an exclusive interview with katie couric. here is a preview. >> not many people writing about this are calling your son a liar they are saying he...manipulated the truth, really, for personal gain. >> people can speculate about what they think he is. at the moment, 21 years of his life, and he is not a liar. he is a kid. >> you can hear from manti te'o himself for the first time sin the scandal broke this morning at 7:00 on "good morning america" after our newscast. you can watch the full interview with manti te'o and his parents tomorrow afternoon at 3:00 on "katie" right here. >> a u.s. appeals court, rather, we will go to the weather forecast. my bad. we will find out about the rain. >> it is raining. feeling g

. >> controversy over the new iopic.jobs by jane king has the bloomberg business report. >> millions of smokers might be priced out of health insurance. the affordable health care act will allow insurers to church smokers thousands of dollars more than nonsmokers. about a quarter of their income up in smoke. check your bank statement to make sure your money is there. watch for a wave of atm fraud. banks and credit unions to watch for a way to cash out. apple shares skinned alive after they had slow sales growth. a drop in apple's stock weighed on the nasdaq yesterday appeared to have been using dozens of workers under the age of 16. the first clip of the steve jobs biopic is out. some say the movie gets it all wrong. it wasjobs who wanted to make a quick buck off it. you can read his books. i'm jane king with the business report. >> now insta-weather plus and traffic pulse 11 together. >> good morning. we are starting out with some quiet whether. weather. we will make it up to 26 this afternoon with light snow. a quick look at the forecast. breezy and cold. bay water temperature abou

jane king has the bloomberg business report. what is going on? was the senioreo vp of apple's retail stores. he has been changing things up at jcpenney. he is pushing for manufacturing's to concoct prices for the clothing. there we tagging accessories with lower prices, like they were selling them at a deeper discount. this is just one report. we do continue to climb higher. lawmakers coded to suspend the debt ceiling -- lawmakers voted to suspend the debt ceiling. netflix was about 30% higher in the pre-market. they signed about two million subscribers in the past quarter. debt collectors are tracking people on facebook and twitter. new restrictions on how debt collectors can be allowed to contact you. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> now weather and traffic together on the 1's. >> said here is tony. tehre yhere you go. >> we had a clipper storm come through last night. it is not a lot of snow but there could be some slippery spots. light snow at the airport. that to taper off wi

jane king has the bloomberg business report. >> good morning.urance companies are bracing for elevated costs from this season's flu. the tough jobs environment may be making the situation worse. people are so concerned about being fired that they are going to work even when they are sick. company should install buffers and sanitized keyboards and to limit meetings. new rules designed to make sure borrowers can afford to make payments. the rules go into effect next year. walmart is sending a representative to today's gun control talks after all. they say they are engaged about responsible fire arms sales. "50 shades of gray" is coming out in hardcover. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 5:22. 44 degrees at the airport. we are getting closer to kick off between the ravens and the broncos. here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >> ray lewis is going t

jane king has the bloomberg business report. >> good morning. do not bank on getting a fast return even if you file your taxes early. things could be slowed down by a weak this year. the irs begins excepting 2012 returns tomorrow. you may be overqualified for your job. 40% of college grads are in jobs they are overqualified for. you can avoid a new surcharge at walmart, target, and macy's. small retailers are more likely to do it. a today meeting on the economy and interest rates. stocks yesterday were almost flat ahead of the meeting. be careful of what you say on facebook. a ruling is in question because of legal questions on the board. there were appointed when the senate was not technically in recess. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic together on the 1's. >> good morning. there is some fog outside. we start in the upper 30's to around 40. about a 30% chance for a rain shower. most of you will have a dry day. a southeast wind at 10 knots on the bay. we will check the

jane king has the bloomberg business report. >> good morning. be on the way for an underwater homeowners. getting ready to introduce bills that would expand refinancing programs. if congress does not pass the measure, the treasury department is planning to step in for strolling homeowners. better luck in some cities than in others. florida is that the top of the list of the best places for foreclosure deals. rochester and albany are also on the list along with miami. more palmas for facebook. a plunge in quarterly profits. they expect expenses to rise as they rolled out more tools for advertisers. stocks were dropping yesterday. the economy shrank in the fourth quarter. the fed will continue stimulus measures. ticket prices for sunday's game are down about 9% to an average 3107 $7. that is a couple hundred dollars more than last time this year. at the new york stock exchange, i'm jane king with the bloomberg business report. >> now insta-weather plus and traffic pulse 11 together. >> good morning. the weather is going to change a lot. temperatur

jane king has the bloomberg business report. did i read that right? >> good morning. i'm afraid you did. there's some bad news. the weather forecast is better than last year but not enough to cover corn and soybean. cracker barrel wants to sell its own brand of food in grocery stores. this follows similar moves by other restaurants. the s&p and a five-year high. people are talking about dow 14,000. we are not far away. this morning there is a quiet start to things. we'll get returns from yahoo!. have you tried out twitter's new service? be careful on the hash tax. and have been sharing ips -- some ahve using pornographic clips. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic together on the 1's. -- >> now weather and traffic together on the 1's. >> good morning. there is some minor ice started to accumulate. 28 important. it will be a slippery this morning. a lot of schools have been delayed. it should be above freezing by this afternoon. we will do the seven forecast in just a few minutes. >> the conditio

jane king has the bloomberg business report. >> good morning. the tax filing season can begin. the irs will make a decision on when you can start filing your 2012 return. some now have to wait for march to return. current tv has been bought and they're doubling their staff to more than 300. looking at weekly jobless claims. a huge rally for stocks yesterday as investors celebrated the fiscal cliff deal. 99-centreplacing its value menu with items costing up to $1.99. restaurants are dealing with rising ingredient costs. are you willing to pay a dollar more for a cup of coffee? starbucks is selling reusable cups for a dollar. they promised to wash your cup with boiling water each time you bring it in. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> they why should for you. 26 degrees at the airport. how much money is in a new spending plan. >> don't forget to e-mail us your response to our water cooler question of the day. do you think ray lewis' retirement announcement will motivate the ravens to a strong run in the playoffs? you can share

jane king has the bloomberg business report. >> good morning. watch out if you pay for something using your credit card. merchants can charge up to 4% surcharge on each transaction. the change is part of a settlement of a class-action suit brought by the emergence. you can use a debit card to avoid this fee. some people who are laid on payments will be eligible for a deal that allows them to walk away from their mortgage and home without being required to pay with their own. a report on home sales. yahoo! expected to report a gain for the first time and quite sure years. the s&p had its longest winning streak since 2004. you can get lance cangear on the cheap. product are on closeout. livestrong t-shirts on sale. at the new york stock exchange, i'm jane king with the bloomberg business report. >> now insta-weather plus and traffic pulse 11 together. >> we have some light snow in most areas. it will transition over to freezing rain or sleet. we will get the temperatures above freezing this afternoon. a high near 38. down to dallas or new orleans,

jane king has the bloomberg business report. happy friday, jane. >> walmart under investigation for allegations its executives paid more than $24 million in bribes in mexico. elijah cummings and henry waxman say documents show the ceo knew about the allegations of bribery as far back as 2005. we have futures quiet. the s&p advance to wait near five-year high. ford was one of the gainers. toys "r" us still reporting gloomy sales during the christmas shopping season. there was weak demand for electronics and toys. starting salaries for the most recent college graduates is almost $44,500. that outpaces the average salary. education, business majors are the biggest average starting pay. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> thank you very much. have a great day. >> keith mills examines one of the secret weapons in sports. >> don't forget to e-mail us your response to our water cooler question of the day. what do you think is the key to a ravens win in denver tomorrow? you

jane king has the bloomberg business report. good morning. >> good morning.le under pressure again for using under age workers at the plant. a chinese laborer agent had children younger than 16 working at a plant. some don't perform adequate audits of their own suppliers. timothy geithner eric is leaving office and is expected to be replaced by jack lew. turning to stocks, the s&p briefly above 1500. did not close there. the dow hitting another five- year high. are you ready to hear about the tomato cliff? consumers could pay as much as twice for tomatoes, $5 a pound. was a preliminary decision to end an agreement. mexico has threatened to retaliate. we will continue to keep an eye on that. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic together on the 1's. >> good morning. all was quiet for right now. we don't expect any problems for the morning commute. 15 at the airport. at least the wind is calm. this afternoon, there could be some light snow or flurries. high temperature near 26. >> good mor

jane king has the bloomberg business report. >> good morning.oyota recalling more than a million vehicles including the corolla because the airbags may spontaneously deploy. if you have a heated jacket, stop wearing it immediately. it can cost a burn hazard. you can get a refund at columbia.com. investigators looking into what is wrong with the dream liner and not asking for a full history of the batteries. all 50 streamliners remain grounded. what the fed has to say as they wrap up a meeting. after the close, we will hear from facebook. blackberry is on the comeback trail. the new blackberry 10 will be showed off today. you can keep personal and work identities separate. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> good morning. we have some fog out there but no rain. 41 right now. we'll make it up to 65 this afternoon. the thunderstorms are possible overnight tonight. they will reach atlantic tonight. dry in denver, 44. let's check the roads. >> we have a bad situation on the capital beltway. there is

jane king has the bloomberg business report. good morning to you. >> good morning.ot of chicken will be in this weekend because of the super bowl. investors looking to hear updates on the dreamliner. also a big day for research in motion. their unveiling the new blackberry 10 lineup. hoping to reverse their sales slump and putting rim back on the map. expect to see them in stores starting next month. the dow is flirting with the 14,000 level. southwest offering cheap flights but you have to act fast. spring breakers can fly from baltimore to panama city beach starting just over $100 one-way. this is one way to try to boost ticket sales. chicken, turkey is responsible for more food-related deaths than any other food items. make sure you cook that meat thoroughly. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic together on the 1's. >> good morning. it was a nice day yesterday. there is a little bit of fog this morning. 49 in catonsville. taking the kids to school this morning, a little bit of fog to conten

jane king has the bloomberg business report. good morning. >> good morning.hink of the big defense companies. health care may not be the first thing that comes to mind. they are winning more health care projects. now conducting disability exams for veterans at lockheed martin. drama, e fiscal cliff trauma get ready for the debt ceiling. stock futures looking strong. so for wolfe street liking that a deal did get done. there was a year and rally on optimism that a deal would be reached. apple was the most search for returns policy online. five of the top 20 christmas gifts this year were a couple products. people who were pleasantly plump may have a lower risk of dying. the findings are being challenged because it doesn't consider gender or age. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> thank you very much. have a good day. is playoff time for the ravens once again. >> details as a chance for you to win two free tickets to sunny 's game.nday postgam don't forget to e-mail us your response to our water c

jane king has the bloomberg business report. what is going on here? a receptionist could pay more than an executive with a master's degree. >> very interesting stuff. the largest u.s. auto insurers. they weighed occupation levels more than driving records. it would cost the receptionist $3,300 to ensure her car compared to an executive. spokesperson had no immediate comment. there could be new life into hostess brands. more than $27 million will be paid for the drakes brand. a hearing to consider approval will be held feb. 11. stocks did take a breather. there was a drop in pending home sales. stock futures the sporting are pretty quiet. the super bowl is coming up. diet detective said the super bowl is second to thanksgiving for eating food. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic together on the 1's. >> i'm going to have a fruit cocktail while watching the game of course. stan is having quiche. [laughter] let's take a look at the temperatures. 37 at the airport. there is a little

jane king joins us from the new york stock exchange. i am sure bloomberg is on the list for the best companies to work for, as well. >> good morning. we are watching this show of the gun makers, with shares of smith and wesson have fallen since the school massacre in connecticut and they could come under additional pressure as president obama unveiled the assault weapons been. what is not mixed is boeing 787 dreamliner shares, losing a a lot of altitude because of the problems with the boeing 787 dreamliner. speaking of problems, apple shares are recovering this morning after getting slammed yesterday over competition from droid and iphone sales. lower across the board with talk of the debt ceiling debate. 10 not even a month before we can talk about that. and the silicon valley index is trading higher. would you like a twitter handle mono gram, that is what retailers are focusing on trying to get consumers back out of discount mode and spending again letting them put together their own trench coat and nordstrom trying to lure customers

i'm jane king. >>> thank you. this morning, los angeles is saying no charges will likely be filed against a driver who hit and killed a photographer taking pictures of justin beiber's ferrari. he was pulled over for a traffic stop. paparazzi arrived and tried to get pictures but the photographer was hit by a car. >>> move over, healthier school lunches are coming to san francisco next week. according to sources, a company called revolution foods will serve foods starting on monday. lumps are prepared by chefs using local ingredients. it's never frozen or fried and does not contain corn syrup. >>. >> as we plunge into the cold morning temperatures. >> possibly tomorrow also. find interesting ways to stay warm besides burning wood. dutton avenue, nice, frost ted over. cooling off after a holiday season. 6:50 and live doppler 7-hd, quiet and picking up dry air. let's take a look at temperatures. how should you dress? how much cooler it is today than yesterday. 7 degrees cooler in livermore to about 2 in fremont. frem

stay with the morning news at 6:45 we go live to jane king at the new york stock exchange to see how apple and netflix are doing. >> the rise of photo sharing website led many to take pictures of their food. now, some restaurants are telling customers to put the smartphone cameras away. "new york times" reports several restaurants in the big apple ban customers from taking photos of their food saying the flashes are ruining the dining experience. one restaurant owner said the photo taking wasn't just distracting other customers but to the chefs. >> anding. not why i thought it was a problem. >> could be more to it than that. >> we will dig into that. >> guilty. >> mike? >> hi, katie. >> niece to meet you. >> dialing in to the south where the rain is. you can see over san francisco, we are doing pretty good but there is residual moisture left on the roads and hanging in the area in the form of fog and mist now live doppler 7 hd shows the best radar runs to the south around monterey bay and creeping into the santa clara body which is as far north as it gets. when you go down 101 to mor

jane king? 700 mile on a tank? is that right? >> that is amazing. chrysler says the new jeep will get a grown makeover and the 2014 model can ride 700 miles between fill ups getting 30 miles per hour on the highway and has come a long way since 2009 when it was the most traded in vehicle during the "cash for clunkers" program. the dow and s&p 500 and nasdaq look like this, it could be a day called a waste of a clean shirt. not a lost movement. and bloomburg silicon valley index is cloning lower. vegetarians will have something new to try at chipolte, but their cost the burrito is going up because of higher food costs so they may is to raise menu prices. whether you love or hate mcdonald's, several chains are using value to service and found that only 22 percent of continue done customers say they were extremely satisfied with their last visit. that was the lowest score among all the restaurants. but the same people also said they were extremely likely to visit the restaurant again. this is the fast cheap place to eat and it is convenient. >> jane, t

coming up live at 6:45 we will go to the new york stock exchange and jane king to see how the sharesre doing this morning. >> football fans listen, upgrade your tv in time for the super bowl. consumer reports ranked the newest big screens ahead of the big game. >> coming up first, paging dr. google, the survey on how much we use the internet >> santa clear, san francisco, east bay, all the bay area, this is abc7 news. >> welcome back, we look at the upper level pattern and you can see the omega block with wins coming in and turning left and go up and over and back down the front side and make another left hand turn and head off to the east. that is a blocking high and that is why we don't have rain in the forecast for the better part of seven to ten days. we start off frosty this morning. we will be near 50 at noon and low-to-mid 50's and milder this afternoon. back in the 40's. you will need a coat for the evening festivities. have a great day. >> new this morning in 45 minutes at 7:00 a.m., the constitution is read allowed in the house of representatives in washington, dc, the seco

. >> here is jane king. >> good morning.deal means slower economic growth because you will be paying more for n taxes for social security. someone earning about $50,000 will pay almost a thousand dollars more a year. they say the higher taxes on singles making over $400,000 and couples making over $450,000 will limit growth and slow job creation. and the ads for the superbowl ons, there will be three longer than a minute. they are selling for record rates. lined up for the iphone 5. will they do the same for the iphone 6? apple is working on the hardware and app for iphone 6.1. >> they report it was searched more of holiday 2012 beating out the kindle fire and ipad and even barbie. i'm jane king, with the bloomberg business report. >>> paparazzi for justin beiber takes a deadly turn. what a photographer was trying to do. >> and amazing researchers involving pandas how the endangered animals may one day save your life. >> we are following following breaking news in hayward where a water main break is being repaired. repaired.

we will go to jane king at the new york stock exchange.exchange. >> why the actor best known asdg to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information today. it was 3 days of pure joy. ♪ and it's beautiful >> los altos, antioch, and all the bay area, this is abc7 news. >> this is a look at our visibility. novato is seven miles but down to half a mile in santa rosa, the entire bay sure to san jose and inland to the east bay valley, ten miles visibility so that is unlimited. now, this afternoon, warmer at the coast low-to-mid 60's and bright and full of sunshine and above average temperatures around the bay with mid-to-upper 60's. radar across the state if you are traveling, you will only need the sunglasses and possibly

for more we go to jane king live at the new york stock exchange. >> good morning, jane. >> good morningent data coming out this morning is gross domestic product, the broadest measure we have showing the economy contracted slightly last quarter. the biggest reasons was the plunge in defense spending and the biggest in 40 years. some say consumer spending picked up. the number is not as bad as it seemed. investors are waiting to see what the federal government says after a meeting of two days. we are higher with the dow starting lower, but, we have climbed back up into territory in the green there across the board and the bloomberg silicon valley index is up. amazon is share with a jump in holiday shopping and facebook is the one to watch today and tomorrow with analysts forecasting they will report a pickup in groups with results after the closing bell and watch for the company and what they have to say about mobile and showing they are monetizing mobile. in a few minutes research in motion will unveil the new blackberry 10, counting on the new operating system to reverse their failed s

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now traffic and weather together on the 1's. >> we have some snow left behind. it is still some light snow out there. 17 at the airport. it will become mostly sunny today. the eastern half of the country should be ok. 63 in denver again. seven-day forecast is coming up. >> just getting a little busier out there. this is a northbound accident on 83 at padonia road. there are some northbound delays. northbound 95 at 32, we have an accident coming in. it will take you some time to get around as the roads are being treated. we have the right lane closure at rolling mill in dundalk. >> 5:23. 18 degrees at the airport. >> a new set of marching orders for the military. more on the ground pretty reversal. [ female announcer ] back to school means back to busy mornings. that's why i got them pillsbury toaster strudel. warm flaky pastry with delicious sweet filling my kids will love. plus i get two boxtops for their school. toaster strudel. the one kids want to eat. mom, pop it. ♪ two inches apart, becky. two

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> perform your favorite song? >> i'm trying to digest the higher chicken wings. >> some baltimore county restaurants might have a deal for you. >> don't forget to e-mail us your response to our water cooler question of the day. what do you think is the key to a ravens win in denver tomorrow? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> when not participate in baltimore county restaurant week? >> there will be discounted prices until january 27. tasty specials for sampling. >> the towson tavern is participating. we have a link on our website. >> 36 degrees at the airport. >> talking transitions. a meeting at the white house to talk about what is next in afghanistan. >> we have some clouds this morning but no rain yet. >> we will talk about your early boarding commute. an accident along route 97 in carroll county. here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheeri

jane king has the bloomberg business report. >> good morning. we get the weekly jobless claims ahead of the opening bell. stop futures disporting are quiet. -- stock futres this morning are quiet. the full transition could be completed within two years. research in motion is changing its name to blackberry. the company failed to -- and may have set the price too high. it will cost -- [no audio] >> now weather and traffic together on the 1's. >> things have settled down a little this morning. there's a lot of standing water on the roads. temperatures in the 40's. the wind chills will be in the 20's and 30's. wind will be an issue when you pick the kids up from school. make sure the kids dress appropriately. a big difference in the temperature department today. >> good morning. we have fire activity in the city. mosher remains close. harford road near louise because of fire activity. flooding in howard county. there is an accident at windsor mill and dogwood. we have expanded the area in cockeysville on york road that is closed. another spot in to

i'm jane king with the bloomberg business report. >> 5:22. 35 degrees at the airport. a maryland teacher helps to be tops in the nation. >> don't forget to e-mail us your response to our water cooler question of the day. where will you be watching the ravens-patriots afc championship game this sunday? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> a maryland has school teacher is in the running to become national educators of the year. >> rhonda holmes-blankenship is one of the four finalists. she says she is honored to be considered. >> it means so much to me. i am a graduate of cecil county public schools. i feel like this kind of recognition is overdue in a way. a lot of small districts are like that. there are incredible teachers across the country. >> good luck to her. two maryland teachers have been named national educators of the year. >> the odds are in her favor. >> 5:26. ravens, ravens, and ravens. >> we have you covered on the road to new orleans. >> i'm here with some ravens cheerleader

at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 5:23.for ravens fans to gear up for the playoffs. look for the golden logo. >> don't forget to e-mail us your response to our water cooler question of the day. do you think having an armed police officer at each school in a district would increase safety? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> we are four days away from the ravens first postseason game of the season. you have a chance to win some tickets. >> 298 smaller logos were painted throughout baltimore including two golden logos. >> if you find one of the gold logos and take a picture of yourself with it, you have a chance to win tickets to sunday's games with the colts. >> such fun. 5:26. lawmakers get to the finish line. >> it is a fiscal cliff finale. lawmakers came to a last-minute deal. >> police are called to a hotel and multiple times on new year's day. >> a couple of flurries are moving to the area right now. >> we are seeing more volume on this w

jane king has the bloomberg business report. >> new law is expected to be announced today. one rule prohibits banks from offering deceptive teaser rates . they have to take more steps to make sure borrowers can repay. these rules are expected to take effect january of next year. destruthe fcc calling for a backup power to be a requirement for phone companies including verizon. as for the markets, futures of this morning are quiet. we do get the weekly jobless claims. investors were more optimistic about the fourth quarter earnings season. now you can get cash for hay. the drought has pushed up prices to near record highs. those bales are a target for thieves. i grew up on a farm. eavy.stuff is have th back to you. that is kind of obvious. >> hard to stick around with a big bale of hay. >> 6:20. a question the ravens will have to answer if they want their road to new orleans to continue. >> here is a look at last night's winning maryland lottery numbers. [ telephone rings ] good evening, this is flo. [laughs] yes, i'm that flo. aren't you sweet! licensed phone-ups available

jane king has the bloomberg business report. good morning to you. >> how often do we hear about a fee being eliminated? american airlines may be eliminated the penalty for those to change flights. change is mostly aimed at business travelers. a big day for google. they are expected to resolve an estate trust probe. it will change some business practices and settle allegations misused patents. futures this morning are quiet and a little bit lower. there was a monster rally yesterday. the dow surging more than 300 points. about 62% of the u.s. is under a dry spell. analysts expect wheat prices to rise. that could mean more expensive groceries on the horizon. one store will remain open for a little while longer. still show off the new surface tablet -- they will show off the new surface tablet. >> thank you, jane. 26 degrees at the airport. >> ray lewis announces he will call it quits after the ravens postseason run. keith mills will have more coming up in sports. >> do you think ray lewis' retirement announcement will motivate the

. >> now jane king at the new york stock exchange. jane. >> good morning, yahoo chief executive officer at the world economic forum, and she sat with a correspondent to talk tech. she says she sees big opportunity in personalized mobile web access. yahoo will add revenue from facebook and her former employer, google. >> facebook provides an amazing platform so it will be one of the predominant platforms but new -- it is now taking this platform and finding useful content and telling people, i am such and such, do you know who else is? an opportunity to hookup with someone you did not know who would be there. >> yahoo will develop information that is personalized coming to you on your mobile phone. >> we got a report on new home sales coming out in a few minutes and apple shares today are recovering a bit. yesterday, of course, they had the worst day this four years on selling growth and over all, we are seeing modest gains and the bloomberg s valley index, trading higher at the moment. that is your favorite brand? subway is the top-ran

if more we go to jane king live from the new york stock exchange who will finish with her choice if the the super bowl. >> i just like to see the harbaughs. it is a great story. amazon announcing what you have been reporting, they will open a new center in tray city, the third in california. the fulfillment center jobs are 30 percent higher paying than other retail jobs and california workers are good compared to those in other states. california ranks eighth in terms pay gains between 2001 and 2011. big week for tech: google reports after the close of trading today along with ibm, there is how the shares trade ahead of the earnings. and apple could have a tough week. analysts forecast they could post the first profit drop in a decade tomorrow with a report. shares are higher this morning. the dow and s&p 500 and nasdaq sightly lower on the day and silicon valley index is trading unchanged at the moment. who do you think will win the have been? the team from the city with the lower unemployment has one 20 of the last 25. san francisco had a lower unemployment rate than cincinnati in 198

jane king is live from the new york stock exchange. >> all kinds of cliffs going on these days. and major money problems for the post office, and congress, still, hasn't take were steps to help out the postal service so it is on track to run out of cash in october. if that happens, it will not be able to pay workers or buy fuel, so that means our mailboxes will be e. the postal service and financial situation is getting worse and losing an estimated $25 million every day. wonder bread is closer to having a new owner, the maker of tasty cake is the lead bidder for the twincies and the rest of the knack cakes are separate. >> and in the single digits across the board on the stock exchange and apple may not be as cool with the younger folks, the iphone maker could be lose their grip on the teens. the cupertino based giant has done a good job with the older folks but the younger generation is all about samsung galaxy and losing facebook after a survey shows tumbler is more popular than facebook with the 13-25 and tumbler lets you use photos on a blog like platform. >> our time is 6:

i am jane king. >> before we go to mike, we want to bring you news just in reported by the associatesportation secretary ray lahood is going to leave. he is the last republican remaining in the cabinet. he will leave once his replacement is confirmed. >> common for the cabinet to shake up in the president's second term. >> 6:49 now. >> all right. a beautiful picture from the roof cam. look at wonderful colors. it is a colorful morn there you go. we drop time on you this morning. looking at what is going on radar in the satellite. super imposed on top of each other . ice christials making for a beautiful morning and no need to worry about umbrell a. you can see the flow out of the north. it will be breezy in the beaches once again . if you are heading out. look at nap a. livermore and everybody else in low to mid-40s. we have upper 30s to low 40s just about everywhere in the bay . so mostly sunny and grab the sunglasses today and it will be breezy at the coast. you will need an extra layer. clear and cold tonight . mild afternoons that will hang out all the way through the weekend. we

good news from jane king. >> good morning, boeing lower again after dragging down the dow yesterday.s of the plane maker, we will see how they are doing, lower again, several days in a row. we have been reporting, there are continued problems with the battery on the dreamliner which has grounded flights. bank of america and city group trading lower after reporting results. stronger than expected housing numbers with new home construction jumping 12 percent in december compared to the previous month and work on multifamily homes, apartment builds, surging 20 percent. on the employment front, weekly jobless claims fell to five year low. so, lots to digest. here is how the markets look this morning. higher across the board. the silicon valley index is trading to the upside. california drivers face the highest gas prices and nissan announce add cheaper leaf on the market with a base price of $28,000, top executive says the volt will be thousands cheaper when it comes time for the next model to hit show rooms. right now it starts at $39,000 before tax incentive. my son announced the price

jane kings that the bloomberg report. >> tomorrow most americans will have experienced a hit to the paychecker congress let a two-year old payroll tax break expire. the drop ranges from $4 a week to $47. economists say it could impact how much you are willing to splurge on the little things in life. and congress has not helped out the post awe service which will run out of operating cash in october and they will not be able to pay workers or buy fuel for the trucks. >> looking for cheap eats in taco bell has a new value menu in two markets including fresno california and knoxville, ten, trying out the $1 menu with nine items. there could be a hike than the "why pay more menu." that is the bloomberg business report. >> if you ride bart you can be crowded. the agency is looking if ways to make more space if riders. according to officials they are proposing changes at the eastern most stations that face overcrowding problems of the plans include removing banks of payphone and replacing large benching with small are benches and they could charge premium fares. the platforms will need to be expan

jane king has the bloomberg report. >> federal investigators testing boeing 787 dreamliner componentsn arizona today. they will look at the battery charger and other electronics. the planes were grounded after several problems. groupon is pulling the trigger on gun-related deals and offers citing consumer problems. if you have hard plastic bowls, you could eat a toxic chemical when you use them eating something hot from them. investors waiting if report on existing home sales later this morning. home prices gained 6 percent last year but says do not expect that to continue. >> now the stock market closed mixed yesterday but mixed day on friday. the average price for have been game is well over $3,000 this morning according to the ticket sellers which is cheaper than last year the giants and the patriots. >> we can see the abc7 reporter in washington, dc, bundled up for the first time in a while, we are warmer than they are. >> he is jealous. mike in washington, dc. >> the wind chill is six in washington, dc, cooler than during the inauguration in the martin luther king jr. festivities

jane king has the bloomberg business report. >> good morning, the body scanners at the aiport are going away that are too revealing after a $5 million contract with a company that makes them after it could not write software to make the images less revealing. the privacy information called the machines add was as a bad strip. the t.s.a. said they will use sarah palins from another supplier. corporate results from general electric and morgue were stanley with stocks hitting five year highs over housing data and numbers open jobless claims. the flu sweeps the country, and hotels have been changing a routine. the pain says some hotels prepare chicken soup, and others are stocking up on hand sanitizing gel. one new york hotel is offering humidifiers and drugstore runs. that is from the new york stock exchange. >> giant third baseman is recovering in venezuela veteran hospital. according to his brother, the panda, world series mvp has been diagnosed with abdominal discomfort. he is playing winter ball in venezuela and will be fine in a few days. we help so. >> warmer this i am sure than it i

we will check now with jane king at the new york stock exchange. gin?is a bit higher but there was drama the last minute of trading on friday with a sharp drop in the stock, and $800,000 worth of -- rather, shares worth $300 million sold in the last minute of trading. so, quote a day for apple. we are seeing 1.5 percent gain. also, investors are waiting to hear from the c.e.o. of yahoo with their stock up 30 percent. this is no comprehensive strategy but investors are liking what she is doing. the markets show quiet, and a stealthy rally, but we have not noticed because we have had minor gains here and there but the dow is almost at 14,000, and the silicon valley index is trading up half a percent. and facebook could owe you money because of a class action lawsuit if it used your story. if you have received a legal notice of class-action lawsuit, you can file online and i have a link on my twitter. if too many claim and there is not enough money to go around it goes do charity. you and a new app lets users record, edit and share six second videos, but s

. >> jane king has the bloomberg business report. >> good morning, millions of smokers could be priced out of health insurance because of tobacco penalties. president obama's health care law says the affordable health care act will allow insurers to charge thousands more than nonsmokers. if you make $35,000 a year, you could spend $8,000 in insurance. >> check the bang statement and make sure the money is there, visa has an alert saying watch for a way of a.t.m. fraud and so-called cash outs, possibly involving stolen data and fake cards. apple shores skipped alive after the iphone and ipod maker reports slowest growth in years and the drop in stock weighs on the nasdaq yesterday. now, apple says a chinese manufactureers has been uses dozens of workers under 16 revealed in an internal report. >> on friday morning, did you see any fog on way in? >> a little bit, and a little drizzle. why he if that is the technical term mike would use. drizzle? mist? >> i believe he has used that term before. also used the term drist and mizzhle. >> clouds and a stray shower, and upper 50's and most of

>> enjoy jane king. >> more help could be on the way for underwater homeowners.embers of congresses are ready to introduce bills that expand government-backed refinancing programs and if congress doesn't pass the measure the treasury department is planning to step in and pay for interest rate modifications if some struggling homeowners. if you are hoping to buy a forged property you have better luck in some cities than in others. florida is at the top of list for the best places for foreclosure deals right now. albany, and new york metro area are on the list and miami and el paso, next. s veil and -- silicon valley and honolulu are among the worst. super bowl xlvii prices are down 12 percent which is almost 30 percent cheaper than a year ago. that is the bloomberg business report. >> just to bring your attention to the fact that the bay light installation is now off so the debting period is over for the morning. >> new bay bridge lights. >> right now an update on the 101 situation. >> we go back to sunnyvale, north 101 you can see the debris in the lanes, a big r

including the latest breaking headlines, an interview with "star trek" legend and virtual king of the intervet george takei. janel will take us inside the latest on the jodie arias murder case that captured the nation's imagination. and dr. sanjay gupta has all you need to know about a new virus that could threaten your family. >>> if you like to eat cheesecake at the cheesecake factory, johnny rockets or ihop or chain restaurants, you may be startled by some of the pounds your favorite dishes are packing. we have the details. see you at 2:00 p.m. up next, are republicans set to strike a budget deal with the democrats? eric cantor sits down with ali velshi for a special edition of "your money" and it starts right now. >>> i'm ali velshi and this is "your money." world leaders including david cameron, angela merkel, even the president of iceland have spoken here this week. but you're in north america so let me focus on the political brinksmanship that threatens your economic futur

with "star trek" legend and virtual king of the intervet george takei. jane velez-mitchell will take us inside the latest on the jodie arias murder case that captured the nation's imagination. and dr. sanjay gupta has all you need to know about a new virus that could threaten your family. >>> if you like to eat cheesecake at the cheesecake factory, johnny rockets or ihop or chain restaurants, you may be startled by some of the pounds your favorite dishes are packing. we have the details. see you at 2:00 p.m. up next, are republicans set to strike a budget deal with the democrats? eric cantor sits down with ali velshi for a special edition of "your money" and it starts right now. >>> i'm ali velshi and this is "your money." world leaders including david cameron, angela merkel, even the president of iceland have spoken here this week. but you're in north america so let me focus on the political brinksmanship that threatens your economic future. congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing lim

king complex sort of developing and we're going to make sure that it doesn't happen. >> i want to bring in the political report for the washington post and editor of citizen jane politics and contribute for to the daily beast. let's start with the campaign push for this because we did see it work to help raise taxes on the rich. what does the president need to do this time around, do you think, patricia? >> i think he really needs to change the dynamic of what senators and congressmen are hearing from their constituents, and we see him doing that. the president knows when we look at national polls, the majority of americans are in favor of stricter gun control, but in states that are dedicated to keeping their majority, colorado, it can really the democrats can really unwilling to tackle this issue. >> let me play a little bit of the president's pitch from yesterday. >> ask them what's more important. doing whatever it takes to get a a grade from the gun lobby that funds their campaignings? or giving parents some peace of mind when they drop their child off for first grade? >> we're asking congress for a -- universal background checks. what are the chances he gets any