it turns out, if i jump off the lanai like this, i'll step off like this. i'll step off like that. i'll hit at the same time in all places. over here, i'll be going faster, because i have a bigger speed like this. and that arrow is gonna be bigger than this and this. i'd be faster, but i've gone a further distance. - right. - okay. and later on we'll talk about a neat, neat concept that'll tell you that down here, the--wait a minute, i will not be going faster. erase the tape. lionel, that's wrong. it turns i'll have the same speed here, here and here. no, i won't either. no, i won't either. now, lionel, the tape's okay. leave it going. sorry. [laughter] i get a little mixed up. do you guys get mixed up with this stuff? i mean, all the time, i get mixed up with elementary physics. so if you guys get mixed up, don't feel bad. i'm with you, all right? with this clip, i'm gonna fasten the point to here. now, i'm gonna crank this again, okay? if you see a lightning bolt from here to here, if you see that, scouts honor, "a" in the course. if you don't see that, then you got to do your e

you will remember in june perhaps ellison purchased 97% of the island of lanai. island air has five flight there is a day. convenient. >> if you're going to buy a hawaiian island it makes sense to buy an airline. nice work, larry. >>> apple shareholders meeting in a few hours deciding what to do with the company's $137 billion in cash. brian shactman has details on the story and a of course he brings us a look at how futures are trading this morning. brian good morning. >> thanks, jon. apple could buy one, too. stock futures right now are crawling back to even or slightly positive. they have been lower for most of the morning. stocks rebounded yesterday. the stocks recovering more than half of monday's losses thanks to better than expected houszing data. today we get durable goods and earnings from target which came out and were better than expected. ben bernanke is on capitol hill again today testifying about the economy. the dow rose 115 points to 13,900. the nasdaq went to 3129. apple holding its annual shareholders meeting at the headquarters. at the top of t

last june, ellison purchased 98% of lanai island for around $600 million. ellison is the 6th richest person in the world and is reportedly testing electric cars and converting sea water into fresh water on the island. meanwhile, in southern california, a real estate developer is "living the dream." when the real estate market tanked, the developer left the industry and has been happily coasting along since. ky sisson takes us to costa mesa. a scooter - made for adults. "this is a lot more fun than being in the real estate development business." bentely kurr of irvine, california, decided to leave his full-time job in real estate development during the recession and take on his vision of what is now the "current coaster," which is turning heads - and making sales. "people are buying it in this down economy. we are getting all kinds of positive feedback from all different demographic segments." and the bicycle industry is poping, totaling $6 billion in 2011. also in that year, sales for adult-sized bikes hit 11 million units, which is 70% of the market accord

the deal comes less than a year after he bought 98% of the island of lanai.sman for one of his companies says the purchase is a commitment to hawaii. >>> and tesla plans to pay back its federal loan in half the time its allowed. tesla had been given ten years to pay back the loan. now it says it will be paid in full in five years. the ceo says the energy department was criticized after solyndra went bankrupt so he thinks it's only fair to praise it with success stories like tesla. >>> 7:48. new developments relating to the chevron refinery fire last august in richmond, the explosion and fire sickened 15,000 people. well, this evening, community groups will be meeting to talk about the $1 million find that cal/osha hit chevron with. in the meantime, two east bay lawmakers have introduced air pollution bills in sacramento. the proposals include raising the civil penalties and also toughening the regulations. at least 19 people died. ten others were critically hurt after this tragic fire in eastern india today. the fire started inside a building. the police say

as it grabbed power from everywhere i remember sarah palin attacking the bernanke then attacking me lanai defended bernanke for printing many. the federal reserve prints money? to new. but this was a revelation of big government with the is an unelected people doing all sorts of things they did not know that they could do you have the explosion of the deficit always as long as there is polling data with deficits, franklin roosevelt railed against the deficit with you look one level lower at the polling data spending on international affairs americans oppose every single thing, any tax you name or spending other than for it -- foreign-aid and the majority is against it. it is a strong lips' service and the response ravel's whenever it imagined possible. and sure the president doesn't agree with this, but in my view, it wasn't just they did not focus like a laser beam when the economy was nowhere near as bad as broccoli on inherited, he was doing so many things at once but one result it was very hard for the electorate to see the forest for all the trees what did heal health care reform hav

. >> ora cell founder is purchasing a hawaiian airline to go along with the island of lanai purchasedst summer. he owns 98% of that 141 square mile island. island there is a regional carrier serving pirts at all major hawaiian airlines. the airline says there are plans to expand with more planes, routes and service autos it's popular about 3,000 residents. he's cleaning it up. >> yes. so far they're happy there. >> nice to have here. >> i was just going say. here is another guy that owns an island. >> i'll take manhattan. >> yes. yes. >> i love this weather. can you believe that? here is a look at live doppler 7 hd. despite clouds from our northwest, they're moving in tonight we'll see thin clouds moving in overnight, high clouds. into early morning hours tomorrow as a matter of fact it will be sunny, mild again into afternoon. warming trend we're experiencing peaks on friday. highs near mid-70s. lots of clouds here. a cold front approaching. we still have mild conditions here. starting at 7:00 this evening, that system to the north will move inland and take moisture to the north. ear

. >> reporter: documents show that matthew lanai faced weapons charges before and lived in san jose. this charge of attempted use of weapon of mass destruction is not matthew laneza's first encounter with authorities. he was arrested in his rv outside of his father's home in san jose. his family asked for a mental health check and police found an assault rifle with ammunition he brought with him from arizona. laneza had an unusual interest in weapons. several military magazines and had mental health issues. he was sentenced to six years in jail but served little more than six months. people in that neighborhood were surprised by the news. >> shocking, to say the least. >> very, very, next door. yeah very surprised. very surprised. >> reporter: the fbi says in several meetings in january of this year, laneza came up an orchestrated a plan in the hayward storage unit to be detonated in oakland. the fbi says laneza's goal was to trigger a counter wing effect against the government leading to war. >>> we posted the entire cross- complaint on our website ktvu.com. scroll k tvu.com -- the

you will remember in june perhaps he purchased 97% of the hawaiian island of lanai. >> congratulations internet gambling getting a boost as chris christie signs a bill making it legal in his sta state. >> the new jersey law says everything has to happen inside new jersey, jon. new jersey residents using new jersey companies, servers in new jersey. but we make the machines and we have the know how. several states have either approved internet gambling of some sort or are considering it. this could take off if states allow cross state gambling. new jersey says we'll accept california players. kind of like how power ball works. when you have the two states working together that's the business of the federal government. meg whitman talked with reporters yesterday at the morgan stanley conference in. this is not a new lay-off. it was a discouraging reminder of the tough road ahead for 15,000 families. today you have apple and the shareholders meeting. we'll talk about it in a bit. ben bernanke on capitol hill defending the fact that his fisle call policy is easier than sunday morning and th

♪ >>> oracle ceo larry ellison bought the the hawaiian island of lanai.ught the airline to go with it. sue? >> now "street signs." see you tomorrow. >> dow less than a teeny weenie 1% away from all-time high. bill gross says stop blowing bubbles and can come right back down to work. apple ceo tim cook feels your pain, dear shareholder. but think longer term is what i says. also, name your price, price target that is, with the upgrades flowing in on priceline.com and it is not a cat walk, it is a cake walk. one company that dresses you in your own home. hi, everybody. a split show from wall street down to the nation's capitol with brian. big hello to him. >> hawaii, mandy, i'm fine, thank you. as usual, this seems to be the hot bed of wall street right now. as you noticed, bernanke, helping goose these markets. all eye owns sequester. then continuing resolution after that. we could do the show permanently i think from down here in the nation's capitol, mandy? >> i'm sure. let's get straight back it markets. the dow as i mentioned, less than 1% away from it

a half hour later, it was located at lanai avenue and telly road.g buildings were damaged. >>> and a barbecue fire caused major damage to a san pablo home yesterday afternoon. this video was shot by the contra costa county fire department. the report was that the flames began when somebody that lived in the house started a barbecue with gasoline and then left that barbecue unattended and that sparked a fire in the garage. firefighters got there about 4 yesterday afternoon and put that fire out within 20 minutes. >> and a san francisco baseball ledge know will be given another shot at overturning his felony convict. giants slugger barry bonds was convicted of obstruction of justice in 2011 for misleading a grand jury that was looking into the steroids scandal. this wednesday, federal judges will hear his argument to the u.s. court of appeals. and tomorrow night, there is a public meeting in los gatos where the debate over a gun store will continue. tempular sports opened two weeks after the newtown school massacre and some residents say the timing is

it turns out, if i jump off the lanai like this, i'll step off like this. i'll step off like that. i'll hit at the same time in all places. over here, i'll be going faster, because i have a bigger speed like this. and that arrow is gonna be bigger than this and this. i'd be faster, but i've gone a further distance. - right. - okay. and later on we'll talk about a neat, neat concept that'll tell you that down here, the--wait a minute, i will not be going faster. erase the tape. lionel, that's wrong. it turns i'll have the same speed here, here and here. no, i won't either. no, i won't either. now, lionel, the tape's okay. leave it going. sorry. [laughter] i get a little mixed up. do you guys get mixed up with this stuff? i mean, all the time, i get mixed up with elementary physics. so if you guys get mixed up, don't feelad. i'm with you, all right? with this clip, i'm gonna sten the point here. now, i'm gonna crank this again, okay? if you see a lightning bolt from here to here, if you see that, scouts honor, "a" in the course. if you don't see that, then you got to do your exams an

last year he bought 98% of the island of lanai from billionaire david murdoch. >> he has to get to his going to do it. >> a little chump change, buy an airline. >> i'd settle for a ticket on the plane to hawaii. >>> a gold fortune up for grabs. a huge windfall coming to a bay area woman. >> and 14-foot great white kills a swimmer. the rare attack in a popular new zealand beach coming up. [ woman ] my boyfriend and i were going on vacation so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning i was able to get us a flight to our favorite climbing spot, even on a holiday weekend. ♪ ♪ things are definitely... looking up. [ male announcer ] with no blackout dates you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. [ wind howling ] [ female announcer ] it balances you... [ water crashing ] ...it fills you with energy... and it gives you what you are looking for to live a more natural life. in a convenient two bar pack. this is

last year he bought 98% of the island of lanai from a billionaire. >> couldn't buy it all?get to work i guess and get home. >>> time now for a look at what's coming up later on "cbs this morning." >> gayle king joins us now from new york. good morning, my bff. >> hello, my bff. frank and michelle, don't we all wish we could just buy a plane? have you been to the airport lately? >> he didn't buy a plane, he bought an airline. he bought many planes. >> yeah. i want to meet him! >> yeah, no kidding. >>> ahead the california technology reporter to blew the lid off yahoo's new policy that bans working from home. the uproar she is hearing and the effect that's rimming across silicon valley -- rippling acros silicon valley. a mafia prince describes his life as a hit man why he turned on the mob and how he earned the nickname crazy phil. the news is back in the morning. we'll see you back in the morning. back to you to you, crazy frank. >> thank you. >>> well, pope benedict spoke to an estimated 150,000 people and it was his final public appearance before he abdicates. >> for more

i would be happy with a cot out on the lanai. >> stephanie: i will let her know when i go to chicagoe: julie in seattle, this is a tweet from david frum. i saw david corn on the tv machine last night from "mother jones," and there is a great piece of gun myths. myth number 9 more and more gun owner -- americans are becoming gun owners. fact more guns are being sold but the number of people owning guns has decreased. meanwhile did you see colorado actually passed some meaningful gun-control measures. they approved a package of strict gun-control measures. we can no longer walk around in our society with these blinders on as if nothing is happening said representative ronda fields. her district includes the aurora movie theater where 12 were killed last july. a ban on ammunition magazines with more than 15 rounds and a measure to allow colleges to ban concealed weapons on campus. and [ inaudible ] said this is a knee-jerk reaction. >> oh, god. >> need more guns! >> stephanie: yes. always the answer. more guns. [♪ "world news tonight" theme ♪] >> stephanie: i kind have no use to anybody

my husband went out and looked out the backside of the lanai. oh my. get our son up.all is falling in. >> i saw a little portion of the wall that dropped and i could see inside the other buildings. when i went out and looked over the wall, it was like just a big ol' huge salad bowl. and that's when i realized, wow, we got to get out of there. >> reporter: now for the folks in the northeast portion of the united states, this storm is headed your way. and it is projected to dump even more snow. so the danger of that heavy snow is magnified in if you live in new york, new england or along the atlantic coast. bill: we had wind earlier today. it has to be a mess for travelers. how does it go over there in. >> reporter: it is. as o'hare, 700 flights affected, canceled, delayed, what have you. same sort of story going on right now with a lot of heavy snow and it is hard to move around. imagine a plane trying to gather speed for a takeoff there the other problem is this. we'll ask my photographer to pan out to the top of the ibm and trump tower. you have a low cloud ceiling y

michelle lanai are truly honored to be with you this morning. before i begin, i hope people do not mind me taking a moment of personal privilege, i want to say a word about a close friend of mine and yours, joshua dubois. led you may not know joshua, but he has been at my side and work in prayer for years now. he is a young reverent, but wise in years. he has worked on my staff, done out stannic jobs as the head of our faith-based office. every morning he sends me by way of the male -- email a daily meditations, snippet of scripture for me to reflect on, and it has meant the world to me. tomorrow will be his last day in the white house. this morning i want to publicly thank joshua for all he has done, and i know everybody joins me in wishing him all the best in his future endeavors, including getting married. [applause] it says something about us as a nation and a people that every year for 61 years now this great, prayerful tradition has endured. it says something about us that every year in times of triumph and tragedy, in calm and crisis, we