sister sasha in kate spade. but the best may be yet to come tonight.lady top that flowing jason woo she wore back in 2009? one lucky designer will find out shortly. and rest assured, the phone will likely be ringing off the hook, maybe as soon as tonight. and i can only imagine, maybe with orders being placed by morning. fashion watchers say that michelle obama is so accessible that women just want to dress like her, diane. so, we're going to hear a lot more about it, i'm sure, tomorrow. >> all right, deborah, thank you so much. >>> and still ahead here, today's other big stories, including dramatic new video emerging from the hostage drama and the terrorists linked to al qaeda. >>> and, also, an abc news exclusive tonight. the families of american hostages are speaking out. i woke up with this horrible rash on my right side. an intense burning sensation like somebody had set it on fire. and the doctor said, cindie, you have shingles. he said, you had chickenpox when you were a little girl... i said, yes, i did. i don't think anybody ever thinks they'r

i live it for the kate spade, obviously one of the big drivers there.coach move bodes well for them. >> and fifth and pacific was the former -- >> the former liz claiborne, it's what's left. it's lucky, juicy and kate spade. >> as battles rage over the $16 trillion debt ceiling, another crisis is looming. nearly one fifth u.s. households have student debt, and even wall street's heavy hitters are worried. in a recent presentation, they showed this chart highlighting the surge in delinquent student loans. let's take a deeper dive into this crisis with the ceo of sofi. mike, great to have you with us. >> thanks for having me. >> before we get to your business model, we want to get a handle on what this problem is. you hear about debt and you hear about delynn kwen sips going higher, which they are in the case of student debt. who holds the bag at this point? >> well, student loans are a little bit different than non-conforming mortgages. in this particular circumstance, most of the paper that's out there is guaranteed by the government or issued directly

crew and kate spade on, sticking with american designers. many designers are in the running to design her inaugural dress? and what is this process like? >> they never know, obviously. five to ten designers are solicited for sketches. and ideas for the dress. they never know until she comes out at the inaugural ball what she's going to wear, if she's going to wear their dress. and she doesn't want -- she wants to keep us guessing. >> what a great surprise it is for that designer because last year, jason wu's white, beautiful gown for the innag rati inauguration. he got 4 million hits on his website the next day. >> it puts the designer on the map. it really made him a star overnight. and it catapulted his business to the forefront. sudd suddenly, we saw the retailers in the front row of his shows. all of the magazine editors and newspaper reporters. it really puts them on the map globally. and it gives them great exposure. >> how would you compare michelle obama's style to other first ladies? >> i think she dresses to stand out. and she make

crew and sasha's by kate spade. silky silver coat and later accompanied v.p. biden wearing a blue silk dress by vera wang. unfortunately there was nothing like aretha franklin's now-infamous hat, but katy perry sweeted a photo of a tiny aretha hat. i thought the first lady's outfit was stunning, pitch pitch and her inauguration gown. >> i thought everybody looked great. j. crew has so many colorful jackets which are sometimes hard to find. i think the girls looked so adorable.

crew coat, sasha, a bright purple kate spade coat. >> it shows you don't have to wear all one designer couture fashion. and i think michelle obama has really embraced that. >> giving thatdress a thumbs up. looks great on her. that was kcbc reporting. >>> coming up after your local news on "cbs this morning," designer jason wu who created the red inaugural ball gown will be in studio. >>> plus, more highlights from the inauguration ceremony of president obama. we'll also get reaction from republican congressman kevin mccarthy, the house majority whip. >>> and a report from london on prince harry returning home from his deployment in afghanistan. that's the "cbs morning news" for this tuesday. thanks a lot for watching. we'll leave you now with james taylor's tribute to the united states from monday's inaugural ceremony. i'm anne-marie green. have a great day. ♪ america america god shed his grace on thee ♪ ♪ and crowned thy good with brotherhood ♪ ♪ from sea to shining sea ♪ ♪ from sea to shining ♪ -- captions by vitac -- www.vitac.com and i'm michelle griego. time is 4:-- >>> good morni

malia we are wearing an ensemble by j crew and sasha, a kate spade coat and dress. >> those invited enjoyedh watering menu. >> invites dined on lobster tails, second choice was bison. for desert, apple pie with sour cream. >> i never had bison or sour cream ice cream. the meal game a price, topping 3,000 calorie autos quite a a lot b that california touch, diners washed everything down with bottles of champagne served from special one and a half liter image number autos you can get the vintage but only at the regular 750 size and without special label this, is the age time korbel has been served at the presidential luncheon. >> and still ahead, jim harbaugh's tantrum there, it is, after a controversial call. >> super sibling rivalry. we'll hear from the father of the harbaughs. what he says drives his sons. >> and q and a is just ahead, still taking your questions so you can contact me on faceboo facebook.com and on twitter, at m finney. i'll answer questions here in just a moment. >> there is a view putting jim harbaugh in a calmer mood. looking down at ocean beach, clear skies mainly, and

and sasha is wearing a kate spade coat and dress. we talked about the let's move to get healthy initiative the first erved as a style icon.ed out. and there we see the vice president and dr. jill biden not looking too shapy themselves. >> our sarah simmons has the view from the white house of the first family. we're looking at video of the first family and the vice president go into the church and sarah, i know i'm not alone in waiting to hear what the first lady was hearing today. that was for us today. >> reporter: oh, yes . very excited to talk about the red carpet arrival there at saint john's and the first lady looking lovely as always. let's talk more to give us inside as to what is happening inside the church. the president and first lady and vice president sitting in the front row is what we're hearing from inside. and the church was full as you would expect for such a big day like today. the church choir sang at the very beginning and as we mentioned before, dr. lewis leon led the service giving a special welcome to the vice

crew kate spade, of course american designers that people can really relate to.n her own choices. >> even with that purple color, i think a statement was made. jan crawford thank you. we'll talk more with jason wu. he will be in studio 57 this morning to talk about the dress that is getting so much attention. gayle? >> nor raa, as a mother of daughters, when you look at the obama gishlgsz don'trls, don't you think they're so age-appropriately doctorsed? >> age appropriately dressed and also wear casual clothes so seem >>> a lot of sunshine coming our way. you'll notice a few high clouds beginning to must have in overhead as things begin to shift gears in the atmosphere. outside we go towards san jose. we have high clouds there, otherwise sunshine and the temperatures a little cooler to start off the morning. storm clouds gathering off the coastline. you can see them there but it will take another day before they get here. one final dry day. highs expect to be in the 60s in the south bay. 50s out toward the coastline. a chance of showers tomorrow. >>> james taylor

these are the high-end designers pushing the trend, but keds is working with kate spade new york.s. then the gladiators, your favorite, are back. >> they're back. >> bigger than ever. we've got stewart weissman and ruthy davis. >> bigger than ever. >> when it comes to bags, it's the same two trends going really big like dolce and gabana or go simple. just a clean white tote. >> i love that bead. >> are you still excited about the gladiators. they're still here. >> you can get them up to your thighs. >> you can find a lot more trends at klgandhoda.com. we'll show you how to roll out the red carpet for your golden globe guests right after this. >> thank you, b.t. >> we'll be back, baby. man: at turbotax, we know this is more than a paycheck. it's long, hard days, late nights, and missed little league games. you've worked hard to earn your money. and we think you should have the power to keep as much of it as possible. we have tax experts to answer your questions. we'll back you and support you. because a dollar here, a dollar there-- every dollar is more important when it's yours. t

those are kate spade. they're normally $350 and they're going to be $100 at the warehouse sale. >> i'm loving these shoes. another favorite, i love this. what is this sweater? >> this is a sweater from zoe boutique. it's normally $270 and it's going to be $75 at the warehouse sale. >> that's a huge sale. >> that is a great deal. >> how are you discounting quite so much? how can you as spall business owners be able to cut prices. >> some of it is just end of the season. a lot of my merchandise and other clothing stores, it's the end of the season or from last year so it's on clearance. it's a great way to get under one roof and get rid of the stuff. >> parking can be a nightmare in alexandria. you have fixed that problem this year. >> there is parking at the masonic memorial which is where the event is held. there's a couple hundred spaces there. there's also a metro station at the bottom on king street and also there's public parking and we have a shuttle that will be picking up from colonial parking and f

crew and kate spade and growing up before a nation.their mother, first lady michelle obama. >> mrs. michelle obama. >> reporter: to thunderous applause, ushering in a new term, and those new bangs. >> the president of the united states, barack h. obama. >> reporter: the president emerging, flashing his giant smile. but soon wiping away a tear during a stirring performance by the brooklyn tabernacle choir. ♪ his truth is marching on >> reporter: all eyes on the president and chief justice john roberts, who flubbed his words for years ago, triggering a second swearing in. this time the president's hand on two bibles, president lincoln's and dr. martin luther king's. this time it was the president who seemed to swallow the words. >> the office of president of the united state -- >> and will, to the best of my ability. >> reporter: and then the president's address, with the theme of moving forward together. >> my fellow americans we are made for this moment. and we will see this as long as we see this, together. together. together. >> repo

kate spade, absolutely on fire, even though juicy, not so juicy, but we like fifth and pacific. >> popn motion. pete? >> this is the story with a no story. a stock that was $11.82 at 10:00 in the morning that finished at 1 $14.95. there's been volume in the stock and options. expectations this stock is going to go higher. splenty of speculation. forget about that. a lot of dollars right now. >> pop for ups. grasso? >> their deal with tnt express fell apart. they have to pay $266 million because it did, but it frees up $6.8 billion in cash. the speculation is that it winds up in share holders' pockets. >> and a pop for orlando the cat. who, we ask you, is better at picking stocks? the pros or house cat? british newspaper "the observer" challenged fund managers to pick better portfolios than orlando the cat. well, the pros used research to make their picks. the feline selected his stocks by throwing a toy mouse at a grid of xeefs. at the end of the year, orlando outperformed the pros. >> if he gets killed in trading, he's got eight more lives. >> oh! >> very good. >> nice grasso. >> ey.

>> kate spade and j crew. >> they're growing up.lea, that's the first time i thought she's a teenager. she's going to be 15. >> unbelievable. >> when he finishes they'll be 18, 19, so it's going to be really interesting to see the woman that she grows into. >> right. let's talk hollywood now. leo decaprio made a grand announcement which was? >> he said in an interview that he is going to take a break from acting because his lily white butt is tired from working so hard. he shot, like, three movies in the last year. >> you say that with sarcasm. no, no, no. i just didn't know if i could say a-s-s on the "today" show. anyway, yeah, he is going to take a little break. >> he'll be back, right? >> he'll be back, meredith. >> what about the kardashians being pranked? >> apparently there's this new thing in l.a. called swatting, and it's where people call 911 and claim that there's an emergency in a celebrity's house, and then the lapd freaks out and sends a swat team and helicopters over to that celebrity's house. it happened with the kar

. >> kate spade. retails at $498.you can get it for $85. >> reporter: we're going to -- that's wonderful. we're going to talk more about what you can get here at living social and the rent the runway popup shop in our next hour. meanwhile, more fox 5 morning news when we come back. stay with us.   [ male announcer #1 ] verizon fios is the fastest internet in america. just ask pc mag. [ male announcer #2 ] cable can't touch fios upload speeds. it's hard to imagine anyone ever beating fios. there's no doubt fios is the fastest in the country. [ male announcer #1 ] after 110,000 speed tests, nothing came close to fios. upgrade to fios now and get internet, tv and phone for a great price online... just $89.99 a month for two years with a two-year agreement. plus, get a bonus: $300 back. fios is 100% fiber-optic. that's why it can deliver america's fastest, most consistent, most reliable internet -- with no caps on usage. move up to fios for this great price online: just $89.99 a month for two years with a two

sasha with a lavender kate spade ensemble.nd joining us now is eugene smith, senior stylist at the ted gibson salon here in new york city. he's cut beyonce and kerry wattington's hair. and she's given a cut to our volunteer model. before we show the results. tell us what you did. tell us about the style. >> her hair was really long. we had to take a lot off to get the style. like michelle obama's, it's going to be swingy, flirty and fun. >> speaking of fun, i know she's not seen it. we're going to show the before picture first. wow. that is different. let's turn her. and let her see her new look. >> take off your blindfold. >> it's so different. >> how does it feel? >> i feel so classy and trendy. just like the first lady. >> now, you need a jason wu dress. tell us who can wear this look? >> anyone can wear this look. the biggest thing i say about bangs to my girls is, you have to get a professional to cut it. but bangs are great for everyone. >> and is it a lot easier to style? she had a lot of hair. >> yeah. >> what do you d

. >> and sasha is wearing a kate spade coat. first this is "today" on nbc. i got it when we could download an hd movie in like two minutes. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our word for it -- ask a real fios customer. ask me why fiber optics matters. ask me about the upload speeds -- they're sick! [ male announcer ] so go online and send a tweet to a real fios customer. last chance to get fios for just $89.99 a month for 2 years with a 2-year agreement. plus get $300 back. visit got2getfios.com for america's fastest, most reliable internet. call the verizon center for customers with disabilities at 800-974-6006 tty/v. >>> back here on this inauguration day and martin luther king's birthday, the reason you're seeing us and not the president, they're in st. john's church, attending a ceremony there. and after that they'll go back to the white house, meeting up with congressional leaders. >> the ceremony on the capital begins at 11:30, wit

crew, and sasha is wearing a kate spade coat and dress. and as many young women look up to them as role models. >> very shortly we'll expect to see mrs. biden, dr. jill biden, the wife of the vice president, announced and seated as well, as the last few dignitaries take their places at the west front of the capitol. i mentioned the flags hanging in front of the capitol earlier. some of you may have noticed those and wondered what those flags are all about. well, we can show you a picture of the flags hanging above the group now. there they are. the flags on the outside edges, those are the original betsy ross flags or the betsy ross design. the next flags in are the flags of the incoming president's home state as the united states was constituted at that time. for these purposes, they are considering the president's home state to be illinois, so that is what the u.s. flag looked like when the state of illinois was admitted. and of course, the flag in the middle is old glory as she is constituted today. we'll be expecting to hear the vice p

. >> and sasha is wearing a kate spade coat. first this is "today" on nbc. >>> back here on this inauguration day and martin luther king's birthday, the reason you're seeing us and not the president, they're in st. john's church, attending a ceremony there. and after that they'll go back to the white house, meeting up with congressional leaders. >> the ceremony on the capital begins at 11:30, with the president's swearing in expected at 11:55 am this morning on the nose. first a check of your local news and weather. >>> in inaugural stage is set. take a look at a live picture from the capitol about three hours from the ceremony. good morning. i'm aaron gilchrist. >> i'm eun yang. d.c. leaders expect up to 700,000 people to attend the ceremony down from initial estimates. >> the gates are now open. smithsonian, archives and mt. vernon stations are closed. >> it's cold out the >>> good morning. approaching 9:00. mid 30s in washington. later today, may hit the 40s briefly by mid afternoon. passing snowshower or flurries this aftern

crew ensemble and sasha obama is wearing a kate spade ensemble. >> the ladies at home are with me and they care. hillary clinton has some new glasses which we should remark upon. we will talk about the first lady who also be wearing some j. crew a little bit later. it can go to j. crew and look at the first lady. here is the second lady right here. let's check in with paul. reporter: hello, megyn. we had the first big incidents when sasha and malia came out. the last few people being squeezed into the mall viewing area here. people are wandering around and have turned to go to their seats. james taylor will play for the president takes his oath. the crowd is enthusiastic. we have a beautiful sunrise this morning. before that happens, everyone hopes that they will be able to move here to move the parade back to the white house. a small crowd, as we have said, we have heard in recent days that the country is more divided and there is terrible partisanship still looming. and the president is still going to try to advance his legislative agenda. to that end, there is a very real byproduct

these are the highend designers pushing the trend, but keds is working with kate spade.s going really big like dolce and gabbana or go simple. just a clean white tote. >> i love that bead. >> are you still excited about the gladiators. >> you can get them up to your thighs. >> get ready to party in your gladiator shoes. we'll show you how to roll out the red carpet for your golden globe guests right after this. >> thank you, b.t. >> we'll be back, baby. [ female announcer ] why settle for plain bread? here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. pillsbury grands biscuits hers hey' pillsbury grands biscuits 's is more than hers chocolate. it's an invitation. to stop and savor. when the chocolate is hershey's. life is delicious. i'll give you five. need a good reason to change shampoo? l'oreal paris creates new total repair 5. our most advanced level of haircare. it fights five of the top hair problems. total repair 5 with

crew and kate spade for the girls. tim gunn has been watching with us.orning, diane. good morning, george. i've seen a thrilling, thrilling morning, i have to say. very exciting. and gorgeous clothes. the first lady and the daughters look magnificent. >> tell us about this designer thom browne. i heard this morning that about $14 million in free advertising, every time the president's wife wears a new outfit and the designer is mentioned. >> i'm not surprised to hear that. but i will share with you that i was very surprised to hear that thom browne was the designer. thom browne is very well-known for avant-garde men's wear. i thought, mrs. obama is wearing thom browne. but what a gorgeous coat. >> i know mrs. obama has spoken about the issue of clothes, that she came into this never thinking that much about what she was wearing. realized it was going to be every day of her life, from now on. and it does tell you, as she said at one point, it tells you about all the women in the past. you can look at the clothes and say, were her feet hurting? was she col

sasha wearing kate spade. american designers.everyone around the country can relate to. >> that's right. there's an awful lot of americana here today. in many ways, the best of america. >> absolutely. you see we're waiting here. this is the beast, and we'll see the first family emerging shortly. >> david used to work for four presidents in the white house. obviously, you see the daughters, and they look lovely, and the first lady, that new look. you've been pointing out she's got bangs. i don't know if we've mentioned that once or twice before. >> you definitely have, wolf. >> almost as much attention as your beard was, wolf. >> and that's mrs. robinson, the first lady's mom. she lives there with the family in the white house and plays a critical role as well. >> remember the robinson family bible was the bible that the president took the oath yesterday in the private ceremony at the white house. it's been in their family for many years, and it was a bible that was given to the first lady's mother as a mother's day gift so many y