kcbs radio's financial reporter jason brooks reports. >> reporter: good morning.here could be fireworks in washington today as president trump meets with european commission's president. they are going to talk about a number of issues crossing the atlantic but trade is the main one. president trump said that he would like to see all tariffs barriers and subsidies ended between both sides and that would create fair trade and a free market. the eu top official says they want the united states to drop its tariffs before going forward. we'll see what happens. corporate earnings with weighing on the market. boeing, fiat chrysler are disappointing investors with results. that's weighing on the market. let's check it: time now for a look at what's coming up later on cbs this morning. norah o'donnell >> thank you, jason brooks from kcbs radio. >>> time now for a look at what's coming up later on "cbs this morning." norah o'donnell has more from new york. >> reporter: good morning. ahead, we are going to talk to rikki klieman about the recording of the president and his fo

back to you. >> thank you, jason brooks from kcbs radio. >>> time now for a look at what's coming upng." gayle king joins us from new york. >> reporter: hey, michelle, ma belle. it's always good to see new san francisco. we'll hear from the boys rescued from the thai cave for the first time of. this is a great news day for them because they are getting released from the hospital and they get to go home. plus, new details about the founder of jetblue's plan to start a new airline. what it could mean for ticket prices. we'll visit one of the summer camps embracing facial recognition technology to help parents check in on their children. how it works and the potential privacy concerns. all that plus the eye-opener, your world in 90 seconds. we'll see you at 7:00. michelle, anybody who sent their child to camp for the first time, you can get a little nervous so i think this might be a good idea. >> my kids have not gone to camp yet. but -- yeah. we'll see. >> you have time. you have time. >> i do have some time. one is going off to college so that's a whole different story. all right, ga

coming up, we'll get an update from kcbs radio's financial reporter jason brooks.th birthday. this is a birthday that brings the whole family together with the best wifi experience. and this is a birthday where grandma can get all her streaming apps on x1 - even netflix. show me, orange is the new black. this is how xfinity makes life... simple. easy. awesome. learn more about streaming with x1, or get started with xfinity internet and tv at a new low price, just $44.99 a month for 12 months. plus, ask about flexible channel packs. click, call or visit a store today. the pilot of the chartered aircraft, 72 year old mike hudgins, told federal investigators he ran into ng his visib >>> new details about the small plane crash in alaska. the pilot of the chartered aircraft 72-year-old mike hutchins told investigators he ran into clouds which caused him to get disoriented. he unsuccessfully tried to avoid the mountainous terrain. rescue crews battled similar conditions as they pulled all 11 survivors to safety. the pilot told cbs news that the chopper was dangerously lo

coming up, we'll get an update from kcbs radio's financial reporter jason brooks. the wildfire in shasta county. . here's a live look at the carr fire... which has destroyed dozens of homes, including some in the city of redding. >>> back to our top story. the wildfire in shasta county. a live look at the carr fire which has destroyed dozens of homes including some in the city of redding. action orders were issued overnight for all of two towns. one bulldozer was injured, three firefighters were injured. cal fire says the fire is now more than 44,000 acres and containment is now down to just 3%. >>> time now for a look at what's coming up later on "cbs this morning." john dickerson has more from new york. >> reporter: good morning. we are also covering your big story the evacuation and containment efforts with the redding wildfire. plus, new lawsuits claim a doctor's abuse at ohio state university was an open secret for years. dana jacobson talks with two former students about their experiences and the warnings they say were shared among classmates and reported to

coming up, an update from our financial reporter jason brooks. we'll be right back. what about him?ome on. this summer, add a new member to the family. at the mercedes-benz summer event. lease the glc300 for $429 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> good morning. heads up for drivers heading through san mateo. the connector ramp from northbound 101 to eastbound 92 is shut down after a big rig crash overnight. we are starting to see delays building on northbound and southbound 101 approaching 92. kenny? >>> thank you. uber is under investigation for gender discrimination. the investigation into the company's hiring practices, wages and other gender related topics began in august 2017. yesterday the wall street journal reported the equal opportunity commission had been interviewing former and current uber employees and requesting some internal documents. uber says it's taken several steps to address the gender equality including rolling out diversity training. >>> netflix released its earnings report and there were a few red flags causing

coming up we'll get an update from our financial reporter jason brooks.ould save energy by living off the grid. completely. or... just set the washing machine to cold. do your thingp this morning. 17 people on board died thursday night. one survivor lost >>> in missouri, the coast guard plans to pull a capsized duck boat from the water this morning. >> reporter: the church bell at williams chapel rang out 17 times on sunday, once for each person who died when a missouri tour boat capsized during a powerful storm. >> we honor the 17 lives that were lost and the 14 survivors. >>> tia coleman lost her three children, husband and five other family members on the boat. >> if i was able to get a life jacket, atleast floated up to the top. and i wasn't able to do that. >> reporter: today the coast guard will use salvage equipment to pull the boat out of the lake. divers retrieved the black box over the weekend. the ntsb wants to know what the captain, who's among the dead, knew about the forecast weather. >> you could see the duck was having issues on the water.

. >> jason brooks is joining us with more this morning. >> reporter: bloomberg reporting tesla reached a preliminary agreement to build a factory in shanghai capable of making 500 cars a year. this is something elon musk has been working towards over the past year, and would help tesla get around chinese duties on american imports. they just raised the prices in china by 20% in order to cope with the new tariffs. small business owners continue to be upbeat about the economy. the june optimism index was down slightly from may, but it was the sixth strongest reading in the survey's history. small business owners reporting strong sales, profits and plans > dois up over 100 points, nasdaq with 100 and s & >> jason brooks, thank you. >>> the heat has proved deadly in southern california. a u.s. postal worker, peggy frank, died while delivering mail in woodland hills friday afternoon. it was the peak of the heat wave and another couple was found dead inside their rv. >>> ucla 111 degrees yesterday. woodland hills 117. i can't imagine how uncomfortable that would be. >> go to the mall, whatev

and china. >> and jason brooks is live with more for us this morning. >> reporter: it's not taking longnies to raise prices in the trade war between china and the u.s. tesla raised prices on vehicles in ina by about 20%. that's a big deal. china is one of its key markets and sales more than doubled in 2017. some think this will push elon musk even more to build a factory in china to get around the tariffs. the stock market handled everything well on friday, solid gains and another strong start today. right now investors are taking the opening shots as more of warning shots, still confident an agreement will eventually be reached. take a look at the big board this morning, the dow up by almost 200 points, nasdaq almost 50. tesla stock is up by 1.5%. >> thank you for that update. >>> bay area housing prices are still rising at record rates. san francisco saw the largest six-month increase in history. $1.62million is the average now, a $205,000 increase from the first half of 2018. condos averaged at $1.2 million. >>> san mateo county could lose $100 million for critical road projects if r

back to you. >> jason brooks from kcbs radio, thank you. >>> is it better to buy than rent?hows in san josi, it's 12.2% cheaper to rent a home, while in san francisco it's 5.8% cheaper. this is due to the skyrocketing housing prices in the bay area. >>> a new survey shows regular gas fell 3 cents over the past two weeks. analysts say lower crude oil prices and weak demand helped bring the price down. $3.62 for california, and we are a little under that here in the bay area. these are the latest numbers from aaa as of this morning. any drop, we'll take. >> that's right. especially for as much time as we spend sitting in traffic. if i can get it out. >> so upset you can't talking about it. >> i filled up yesterday and it was a little more than that average. still got to have it. >>> right now we are tracking slowdowns here, wasting gas on highway 101. this is in petaluma, still seeing delays as you head southbound this morning. monday morning commute is definitely there. we'll take a look at highway 37, beautiful shot there westbound on the left side. in the red 80 to 101, jus

coming up, we'll have an update from our financial reporter jason brooks. this isn't just any long-distance relationship. this is long distance with the best wifi experience, plus the most free shows to stream. and with savings on wireless, this is a relationship with more money to spend on the important things. this is how xfinity makes life... simple. easy. awesome. xfinity delivers the fastest, most reliable internet learn more, or get started for $29.99 a month for 12 months. click, call or visit a store today. cupertino this morning. bay area hom haven' >>> apple could pay big with a new tax. jackie ward has more this morning. >> reporter: it's a tax other cities have considered and now cupertino is considering the employee tax. to be targeting a for this, but it would affect all companies with 100 or more employees. apple has 25,000 employees. right now companies here are taxed on a flat fee based on square footage. if approved, they would be taxed per employee instead. the city says this could bring in an additional $10 million and serve projects lik

joining us now kcbs radio's financial reporter jason brooks >>> president trump nbthat he i slap a tariffng in the u.s. about $500 billion. this is another piece of news that is sending the stock market lower. microsoft doing all it can though as it delivered a very strong earnings report. microsoft's revenue was up over 17% to about $31 billion. the company's investments in the cloud paying off big time with its cloud services surging higher. it was the final quarter of microsoft's fiscal year and it was the first time in the company's four decades that it topped $100 billion in a single year. microsoft shares are surging higher, but not enough for the entire market. dow down 25 points. thanks to microsoft the nasdaq is up 17. the s&p just turned positive. back to you. >> thank you. >>> this morning, crews are mopping up the midwest after major tornadoes in iowa destroying several communities . this video yesterday looking like a scene out of a movie showing tornadoes spinning through the middle of a neighborhood. a state of emergency was declared in the city of marshalltown. here's a lo

kcbs radio's financial reporter jason brooks is tracking what's happening on wall street this morning and we'll check in with him in a little >>> time now 6:40. a mission to rescue a soccer team trapped in a cave takes a tragic turn. >> plus, why tesla's bay area factory is now under investigation for a third time. you could generate your own energy, at home. or to save energy, unplug unused appliances. do your thing, with energy upgrade california. cave in northern thailand. as laura podesta reports: the 12 r coach have >>> developing now, there's been a death in the rescue operation to save a soccer team trapped in a cave in thailand. as laura podesta reports, the 12 boys and their coach have been stuck for two weeks. >> reporter: a rescuer died thursday night from a lack of oxygen, the first death in the efforts to rescue the trapped soccer team. the 38-year-old was a former member of thailand's navy seals and was working as a volunteer. he passed out under water after placing oxygen tanks along a potential exit route. >> we will not stop our mission. we won't let his life be in va

coming up, we get an update from kcbs radio's financial reporter jason brooks. this is customizable streaming tv for your family, whatever size. it's saving money with flexible channel packs. live tv and the latest shows to stream. and all your streaming apps in one place... - even netflix. this is how xfinity makes life simple. easy. awesome. get started with xfinity internet and tv at a new low price, just $44.99 a month for 12 months. plus, ask about flexible channel packs. click, call or visit a store today. the boys are in the hospital...where they are being kept in isolatio >>> new video of the 12 boys rescued from a cave in thailand. the boys are in the hospital now where they are being kept recover. preparations for a rescue took days. officials said that the boys, many of whom had never learned to swim, were given some anti- anxiety medication to keep them calm as they were escorted out by scuba divers. >> in the future, we look back on this operation with a sense of great pride and we are humbled to have been part of it. returning the soccer team safel

. >> reporter: jason brooks says this is significant. and will take facebook a long time to recover. >> the big takeaway is that facebook is no longer the high- growth company ends -- it once was. it had growth for a decade and now it is starting to slow down. >> reporter: the announcement as part of a project -- projected drop in shares. yesterday, 2nd quarter revenue is $130 million lower than expected. >> we are investing so much insecurity that it will significantly impact profit ability. >> reporter: if ur plan is heavy on facebook stock , tomorrow may not be the day to the years. you will have to give facebook a bit of a chance to come back from that, it's not worth panicking over. however facebook does face challenges and it may not see the same growth in the future that it has seen over the past several years. >> reporter: his net worth has plummeted more than $12 billion in less than 24 hours but is still at around 74 billion. >>> president donald trump is in the midwest this afternoon , he was at a manufacturing lab in iowa thi

coming up, we'll get an update from kcbs radio's financial reporter jason brooks.here a soccer team has been trapped for nearly 2 weeks. right now, some of the children given a cras >>> in thailand crews are trying to pun water out of a flooded -- pump water out of a flooded cave where children and a coach have been trapped for weeks. the children are being taught to dive but some don't know how to swim and the path out would still be dangerous because of zero visibility and confined spaces. divers say it is already a challenge for a diver who is experienced. >> based on our equipment, it's a challenge even for us who are experienced. >> crews are hoping to drain enough water out to give the soccer team enough head room for air to make it easier to swim out of the cave. >>> time now for a look at what's coming up later on "cbs this morning." anthony mason has more from new york. >> reporter: good morning. coming up about 40 wildfires in the west have burned over 400,000 acres. in yolo county, harsh weather conditions are hurting efforts to contain the latest fire.

coming up, we get an update from kcbs radio's financial reporter jason brooks.dent trump and european commission president jean- claude juncker agreed to hold off on new tariffsâ ... and resolve ongoing disputes >>> the u.s. and european union have agreed to hold off on some new tariffs and resolve disputes on u.s. tariffs on steel and aluminum. later today the president is meeting with representatives from canada and mexico to renegotiate the nafta, north american free trade agreement. as for the proposed tariffs on imported cars, suvs and trucks, it's not looking good. a new study claims that the average price of a basic compact car will go up between $1,400 to $2,000. and a new suv will go up 2 to $3,000. the tariffs also making an impact on soda. coca-cola is raising prices. the company cites higher metal costs from u.s. tariffs imposed on chinese imports. >>> trading is under way on wall street right now. it could be a rough one for the tech sector. facebook stock took a beating in after-hours trading ahead of the opening bell. for more, let's check in with

market just opened up: >> coming up, we'll get an update from kcbs radio's financial reporter jason brookssteam pipe explosion in new york city thni take a look - a giant plume of steam.. is rising from the street in 's flat iron >>> firefighters are on the scene of a steam pipe explosion in new york city this morning. take a look at this video. giant plume of steam rising from the street in manhattan's flatiron district. it happened about 3 hours ago. no word yet on the cause and no reports of any injuries. >>> experts say lava from the still erupting kilauea volcano has added almost 700 acres to hawaii's big island. all that new land is where the pacific ocean used to be. lava flow has also covered about 12.5 square miles of the island and has destroyed more than 700 homes. sulfur dioxide levels and shifting winds continue to be threats in the volcano area. >>> the 12 thai boys rescued from a cave just days ago are leaving the hospital today with tearful goodbyes and thank yous. >> the wild boar soccer team thanked the staff. some of the boys were crying as they gave some good-bye speech

k-c-b-s radio financial reporter jason brooks. >>> facebook shares slipping after a new report on the data breach linked to cambridge analytica was expanded. >> good morning. kenny, go get some water. yes, that probe has expanded into facebook's cambridge analytica scandal. the washington post says the fbi, sec and ftc have joined the justice department in that probe. of particular interest, former statements of mark zuckerberg that the company restricted data to outsiders in 2015. facebook just delivered a massive document to congress and disclosed that it did provide special access to dozens of companies in 2015. commercial real estate researcher reese says mall vacancies rose to a 6-year high in the second quarter, up to 8.6% and it's only getting worse as toys"r"us just went out of business. the stock market is off tomorrow, off to a good start today. the dow is up 126 points but tesla also having a tough day. back to you. >> thank you. he's got the water. he's good to go. >>> new this morning, health care groups fighting back against big soda, pushing for a statewide soda tax on

. >> faceÃfinancial reporter, jason brooks, says this loss is significant. will take facebook a long time to recover from it. >> the big take away is that facebook is no longer the high growth company it once was. it has had meteoric growth for a decade, now that has slow down. >> reporter: slow user growth is part of what prompted the drop in shares, then they tanked when the ceo said on an earnings call yesterday that second order revenue is $130 million lower than expected. >> we are investing so much insecurity that it will significantly impact our profitability. we see that this quarter. >> if your 401(k) plan is heavy on facebook, tomorrow may not be the day to check it. >> you will not want to dump out of that unless you bought in really early and have made that many gains over the years. you have to give facebook a bit of a chance to come back from that. it is not work -- worth panicking. they do face challenges and may not see the same growth in the future that they have seen over the past several years. jackie ward, kpix 5. >>> no matter how big of

my name is jason leverett and i'm a nonresident fellow here at brookings. i also spent a lot of time providing technical assistance to state officials on healthcare issues on behalf of robert wood johnson funded project called state health and value strategies. in my previous life i held implementation at the treasury department and i'm pleased to see you all today. in march -- mark's presentation we heard about the federal landscape and what a selection of states have done in response. how that has worked out for them. this panel will take a step back and look at the bigger picture on individual markets and provide more context and analysis. i present you with some of the biggest and best experts. each of them will give a short presentation. then we will try to reserve most of the time for discussion and for questions. first you will hear from matt and he is a fellow here at brookings and research on a broad range of issues and a focus on health issues. he led the agency's work on healthcare. matt will delve more deeply into the federal policy landscape th

jason love et. i'm a nonresident fellow here at brookings. i also spend a lot of time providing technical assistance to state officials on health care issues on behalf of robert wood johnson funded project called state health and value strategies. in my previous life, i led ac implementation at the treasury department. i'm very policed to be with you all today. so in mark's presentation and in the earlier panel, we heard about a bit about the federal landscape and what a selection of states have done in response and how that worked out for them. they're going to take a step back and look at the bigger picture and provide some more context and analysis. to do that, i present you with the biggest and best thinkers on health insurance markets today. each of them will give a short presentation. we will reserve most of the time for discussion and audience questions. so first you'll hear from matt fielder. he is a fellow at brookings. his research covers a broad range of health policy issues including a focus on health insurance market conditions.

posted by the brookings institution, this is 90 minutes. jason: good morning, everyone. i am pleased to welcome you and those will be watching on c-span to this morning symposium. my name is jason rhody and i'm a program director at the social science research council. i direct the digital program and i codirect the media in democracy program, which is the program sponsoring this morning's activities. we are privileged to be joining our friends and collaborators at the brookings institution to host this event, the consequences of misinformation. a symposium on the history, circulation, and management of misinformation, which are on troops circulated without the circulatede untruths without the intent to deceive and disinformation, untruths circulated with the intent to deceive. we would like to thank the participants -- e.j. dionne, who serves as codirector of the media advisory board. we are also grateful to the brookings institution staff who helped to put this together and e.j. will be naming them in his remarks. we are grateful to the funders who helped make this pos

my name is jason levitis, i'm a non-resident fellow here at brookings. i also spend a lot of time providing

jason: honeywell gutting upwards for the rest of the year. that seems like a positive story. brookeexact opposite story of ge. heart of what makes ge so interesting is it is having this problem against the backdrop of other companies doing well. it is really to the ceo's credit goes he wanted to change the focus of honeywell and focus on revenue growth. alix: how they let these two companies. brooke sutherland, thank you so much. more on ge coming up. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only n

my name is jason levitt and i'm a non-resident fellow here at brookings. i also spent a lot of time providing technical assistance to state officials on health care issues on behalf of the robber would johnson project called in value strategies. in my previous life i lead aca administration the treasury department and i'm pleased to be with you today. in the earlier panel we heard about the federal landscape and what a selection of states have done in response and how that worked out for them. this panel will take a step back and look at the individual picture on the bigger market and provide more content analysis. i present you with the biggest and best thinkers on the health insurance market today. each of them will give a short presentation and then we will try to reserve most of the time for discussion and audience questions. first we will hear from matt fiedler, he's a fellow here at brookings and covers a wide range of policy issues including a focus on health insurance market conditions, former chief economist or the agency's work on healthcare. mat

brookings event you will organize unless i am forgetting something. i will miss you. thanks to everybody for being here. cor nearly a century, the ssr -- supported social science as jason mentioned, the program was launched in 2017 to bring together a diverse group of experts to examine how transformations in media technology and politics affect each other. how policy might make those interactions more beneficial to democracy and the common good. least asnalist, but at important as a citizen who wants democracy to prosper in our country and around the world, i was grateful for the invitation to become involved in this endeavor. the work that has been completed is a demonstration of the vibrancy of the debate over the process -- over the proper responsibilities of the media and democracy and the ways in which new technologies to make enormous contributions to this work while also creating new problems. technology is like that. it is neutral. it all depends on how we use it and how we harness it. today's program will spark similarly and lightning and thought-provoking conversation. our topic is the consequences of misinformation. of the threese panels, you'll already hea