brought on to larry ellison's yachts by invitation.e did want to welcome john to the san francisco marina. >> think you. -- thank you. we started with a national search, and ended up being an international search to find john. i wanted to mention from the career history and his experienced and professional trajectory is bringing together operations management, personnel management of interest in this neris that, expertise and arena and in our mental regulatory procedures and rules, waterfront capital renovation, management experience, a maritime legal and risk management expertise from the at in-depth knowledge of sailing, racing and boat owners are practices. -- boat ownership practices. we hit the trifecta and getting john here as a very accomplished and professional marine adopt harbor master for us. with that, i would like to turn the microphone over to john and his second week of work here. >> good morning, president, and commissioners. thank you for the very nice introduction. you summed up my history very well. i do not have too

and brought in meg chit man is they feared the possibility of a hostile takeover from oracle and larry ellisonating today. this banking fee story, the nice thing about you guys in washington is you know, the banks mess up the economy and we're going to crack down on them we're going to rein them in. past laws at teaching them a lesson. we cap the fees that charge stores. what do you do to make up refuse jews you raise fees. bank of america, $5 a month for a debit card if you use that debit card that month to purchase something in the store. city bank also quad rupeling minute muchs and doubling fees to checking any time you raise a tax on business, consumers pay for it in the end. that is what is happening here. >> i just have one thing to say. don't lump us in when you say you guys in washington. we're just the messenger. all right. thank you so much. >> thank you. >>> coming up next, new clues in the search for a missing alexandria man. we'll show you more of some newly released surveillance photos that police are hoping will track down new leads in the case. >> it is the redskins versus the

it is one thing to set something up, have the agreements, have the announcement with larry ellison and the team itself, but it is another to actually implement it and make it real. he is doing an outstanding job in partnership with outstanding leaders here, no one more important than mark. he has put a public face on it and created a public interface between city hall and the citizens of san francisco that need to step in and help support our general fund by off setting some of the costs associated with putting it together. i see lucy, who is one of the first people we called after i called willie brown. the first thing you have to do is call willie brown to make sure are you are on the right path. he committed himself and understood immediately what this would mean for our state. i am very proud of his effort behind the scenes to steward this bill along with so many others that are here. i congratulate you for your hard work in getting this bill on the desk. we thank the governor for signing the bill and doing it here in san francisco and highlighting again what is at stake. let me ve

and i have had the pleasure of interviewing larry ellison, head of oracle, the last couple of years. i have seen big acts like lenny kravitz to the black eyed peas, and i want to make sure companies like mine, which our social media companies, like facebook, twitter, and hopefully -- we would like to make sure that the local artists are promoted here, and we want to make sure local promoters like myself, and also a social networking media is included with the overall pr. we do event in san francisco. we do things in the tahoe like the event with michael jordan, john elway. we also do the cannes film festival -- film festival which is international. we all want to make sure the local talent is promoted here among with restaurants, caterers, etc.. we will but to have thi a conversation with this young lady. thank you very much. >> i know the san francisco international arts festival is one of the groups trying to work closely with the america's cup event authority and others, can you, generally on how you have been working with the authority or organizing committee? are they including

number three, larry ellison. number 14, mark zuckerberg.ys. >> i was looking for jeff's name on that list. >> announcer: it's "the tonight tonight, jay welcomes --

. >> one part of the legacy is a lot of the waterfront is turned over to larry ellison and over 75 to 100 years. have you -- are you working on any plans or what san francisco, what will happen with all of that property that they will wind up with? >> i think to reset that a little bit, in the first place the transaction really relates to the development rights arise from the dollars they put in for the infrastructure that is needed for the events. primarily the real estate transaction centers around piers 32, 30 and c-30. only additional funds are expended beyond the $55 million in the host venue agreement that will would be potentially other sites. >> do you know if there have been discussions about whether that will happen or will we have to wait and see how much money we spend to see how much property we wind up [inaudible]? >> it is not a wait and see. that is a lot of the conversations we are having now. i will defer to brad benson but before i did, the scope of work is a key part of the project description. so we need to understand what is going to happen not only for purposes

the judge asked larry ellison and larry paige to attend the session. originally, the senior vice president was to attend but the judge wanted someone with a higher rank. >>> we're told tolls on the golden gate bridge may soon be going up. ktvu's tara moriarty has the details and also reaction from commuters. >> reporter: we were hard- pressed to find anyone who approved of the dollar hike. but bridge officials say that could be the case within another two years. part of the reason is because of the doyle drive project. that's costing $75 million. so the bridge is part of that. also, upgrades are needed. over the years, the budget has been trimmed and they've done it by raising tolls, cutting service and issuing layoffs. but it's still not enough and that has some commuters frustrated. >> i like the upgrades. that's going to help a lot. raising costs seems to be the way things go these days. >> reporter: one plan in the works for next year is eliminating all toll takers, meaning, the bridge will go all electronic. the toll is $6. $5 if you have fastrack

. >> one part of the legacy is a lot of the waterfront is turned over to larry ellison and over 75 to 100 years. have you -- are you working on any plans or what san francisco, what will happen with all of that property that they will wind up with? >> i think to reset that a little bit, in the first place the transaction really relates to the development rights arise from the dollars they put in for the infrastructure that is needed for the events. primarily the real estate transaction centers around piers 32, 30 and c-30. only additional funds are expended beyond the $55 million in the

dollars cash just last month has net worth is thirty nine billion dollars now number three is larry ellison another businessman c.e.o. of oracle that worth of thirty three billion number for the infamous or famous depending on i guess or political persuasion charles koch of the koch brothers twenty five billion dollars head of koch industries number five the other koch david koch twenty five billion dollars executive pete of koch industries now the interesting thing is that number seven we have to go to because he's a big name george soros twenty two billion dollars net worth up from fourteen. last year so he made quite a lot of money on what he did but the interesting thing is that all of those guys except for warren buffett who is network is a little lower than last year their net worth is all higher this year and it's not just the richest of the rich executive c.e.o. pay in two thousand and ten for example increase the median went up twenty seven percent according to a usa today analysis and then there's this floor of the five richest counties in the country according to the census data

buffett at thirty nine billion dollars number three on the list is larry ellison c.e.o. of oracle at thirty three billion dollars four is charles coke as in the koch brothers head of coke industries that twenty five billion dollars after that david koch his brother twenty five billion executive v.p. of coke industries an interesting thing all of those people and number seven who want to highlight because he's a big name george soros twenty two billion net worth all of these people saw their wealth increase by billions of dollars with us. exception of warren buffett so he might be the outlier still here in pretty well but they're still making a ton of money to help explain why. blogger an r t contributor is here thanks for being here dimitri ok so far four hundred less came out billionaires are still making tons of money the rest of the economy average folks not doing so well so how is this possible i mean if there are some people who are going to make a lot of money like steve jobs and a lot of money he provides a lot of products so i think there's a difference between s

the i guess benefactor for bank of america in recent weeks and months number three on that list larry ellison c.e.o. of oracle net worth or thirty three billion number four statements or infamous depending on i guess your political persuasion charles koch as in the koch brothers twenty five billion dollars and number five is the other koch david koch twenty five billion dollars net worth now the interesting thing all of those guys except for warren buffett have seen their net worth over the last year increased by billions of dollars and number seven is no exception we had to include him because it's such a big name george soros twenty two billion dollars up from fourteen billion dollars last year so quite a jump i don't know what these guys are doing right but more broadly when you look at executive pay in this country to kind of look at where that's gone in two thousand and ten and median pay increase substantially twenty seven percent according to usa today and now this is so that is a broad trend of the wealthy getting compensated more then there is this four of the five richest counties i

larry ellison and larry page showed up at the federal courthouse in san jose to begin negotiating a settlementh a judge mediating. they claim that the android software infringes on patent and copywrite in the programming system. they met for ten hours monday and told to come back on wednesday. oracle's lawsuit begins october 31 in the two sides can't -- if the two sides can't reach a deal before then. >>> america cup organizers says everything is on schedule for the regatta in san francisco but won't say how much money they raised. the organizing committee promised $32 million to offset the city expenses. the first installment on the payment is due in three months. the head of the committee says they have the tax exempt status. and $2 million from the members. fundraising entered a quiet phase with no public pronouncement. >> you saw the articles in july that said you were running behind. >> we are not running behind. it's not my benefit to tell you where we are until i'm done having meetings we have on schedule now. >> though it's not clear how much has been raised. the city says it expects $

the question is will meg whitman engage or ignore larry ellison? cell may be interested in buying server and storage business but has no interest in the pc or printer business. and there is black berry maker research in motion spokesperson announced today the head of developer relations will leave the company in the coming weeks this after two other departures. separately we're in the tablet business may be losing steam. and saying rim alted -- halted production of the play book z in an e mail, rim says it remains quote, highly committed to this market. you can see there is a $200 discount. elsewhere, bank of america is the latest bank to start charging fees for debit card users, a $5 monthly fee for some debit card yugsers, now, only those with basic checking accounts. now, taking a look at broader market, stocks all over the place today, first up, then down and then, back up again. and there is nasdaq ended lower, your bloomberg index was down less than 1%. but take a look at net flix. stock hit a 52 week low today. shares down 11% this, after am

larry ellison is third with $33 billion. cost of raising a child is going up. average cost from birth to 18 was $227,000 last year. that is almost 40% more than a decade ago. that is america's money. i'm tanya rivero. >> apple didn't say when the next version of the iphone will be released but al gore thinks it's early october. he is a good source, he is sitting on the board of directors. he made reference to the iphone 5 coming out next month. his comments were quickly reported on tech blogs all over and apple issued a standard no comment. but october 4, you watch that date. >>> youtube is going 3d. the san bruno company is testing a new feature that converts uploaded video in 3d with the click of a button. users will still have to wear 3d glasses to view the clips on most devices. the conversion tool does not require a 3d camera. but they still produce the best results. no word when the feature will be available to all users. >>> new feature, twitter users you may have seen the first paid and tweeted political add. yesterday they ran the first political ad fr

larry page and larry ellison will appear before magistrate in san jose.y have been going back and forth over patent. the fight could post the biggest threat to google android that runs on 150 million devices. if they settle that would avoid a risk of having a jury decide. could it be game changer for the 49st or for better parking? great america and baseball team are locked in dispute over stadium next door to amusement park. now they are selling great america. $70 million in cash is what it is going for. it's called jna venture and saying it will use proceed to pay down the debt. no word if the new owners are the 49ers fans. >>> investors not fan of stocks at friday prices. we have a good selloff going on there. concern about a greek debt default is not going away. we are subject to every headline out of europe. fluid situation. they seem to be more negative today than last week. the silicon valley index, it's trading down 1%. live at the new york stock exchange, i'm jane king, bloomberg. >> thank you. >> he does it feel for people to fight over things.

in the third spot we have man, larry ellison, founder of business software giant oracle, worth some $33on. in the penultimate place we have warren buffett worth an estimated $39 billion. even he is eclipsed by this man's fortune, bill gates, reportedly worth $20 billion more than buffett. his fortune stands at just shy of $60 billion. we should also point out, manisha, those last two characters on the list, buffett and gates, in spite of being some of the world's most rich people, have said they're going to be giving almost all of that to charity. >> they were recently on a tour, they went to india recently and said particularly in a country where more and more billionaires are emerging, they were saying people need to give more that philanthropic causes. whatever they're doing, we should be taking notes. mr. gates has been making more money amid all the volatility, he's definitely doing something right. anyway, we'll have to figure that out. >>> sizing up asia's forth biggest stock market. >> i'm looking at a macro -- over the next ten years. what are the factors happening in the count

larry ellison. then charles and david koch. these brothers are in the news for financing some of the tea party. >>> those billionaires don't have to worry about paying the mortgage, perhaps. the utilities. or even buying food. most of us do. it's the number one issue in american homes. getting your financial house in order. today in our weekly financial fix can you afford your home if you were to lose your job? a recent survey says 68% of americans would not be able to make home payments for more than nine months if they became unemployed. financial consultant joins us now with ways to protect your family and your home. okay. let's begin with some of those pros and cons of refinancing pap lot of folks think that will help me save some money so that no matter what i could afford my house. is it that simple? >> well, right now you can get refinanced good luck because it's tough. let's talk about the pros and cons. the spros if you can refinance your house you can get a lower monthly payment which is a great thing. also you mentio

larry ellison who is third on the list and one each lives in san francisco, hillsborough, burlingame and los altos. . >>> facebook has a new look. we'll tell you why business analysts say it had to be done. >>> a piece of space junk hurtling toward earth the late update we got from nasa and where it may be headed. jennifer. jennifer. whoa. wow. ha! she's so pretty. yeah. or, we give it to kyle. it's really all he's got. [ male announcer ] switch to at&t u-verse and record four shows all at the same time. just $29 a month for 6 months. at&t. -here you go, lulu. -hey?! you had an imaginary friend once, too. she's full. [ female announcer ] hamburger helper beef pasta. helpers. forty dishes, all delicious. gives us the most nutritious of gifts. but only when they are ready to be given. that's why we pick vegetables at their peak. ...and freeze them fast, locking in nutrients ...for you to unwrap. ♪ ho, ho, ho. green giant it feels like help is never far away. it feels like you're protected against life's little mishaps. it feels like you'll make it home. that's what it feels like to be

larry ellison who is third on the list and one each lives in san francisco, hillsborough, burlingamend los altos. . >>> facebook has a new look. we'll tell you why business analysts say it had to be done. >>> a piece of ok, kids, our cable will let us record one more show. who should get it? i really love jennifer. yeah, she's great. yeah. yeah. kyle's got that thick head of hair. and that should be rewarded. ok, moment of truth. on "three," say which kid you love the most. oh, fun, yeah. 1...2...3... jennifer. jennifer. whoa. wow. ha! she's so pretty. yeah. or, we give it to kyle. it's really all he's got. [ male announcer ] switch to at&t u-verse and record four shows all at the same time. just $29 a month for 6 months. at&t. just $29 a month for 6 months. it feels like help is never far away. it feels like you're protected against life's little mishaps. it feels like you'll make it home. that's what it feels like to be a member. . >>> facebook has just unveiled a whole new look a lot of users are fed up with the web site's changing face. >> reporter: i'm at facebook's headquarters

warren buffett is number two at $39 billion and larry ellison, the oracle founder.ion of buffett down $6 billion. the largest dollar loss of them all. >>> the year's biggest dollar gainer is mark zuckerberg number 14 on the list. worth almost $18 billion. he made $11 billion last year alone. what is next at facebook, by the way? zuckerberg will speak at the f8 conference. subscribers bracing for even more changes to the site. this after some recent tweaks met some resistance, like changes to the site's news feed feature. >>> up next, what is the hungriest you've ever been? for many americans, a daily misery with grocery store shelves seemingly stock, why are so many americans going hungry? "american morning" back right after this break. [ beeping ] ♪ hush, little baby ♪ don't you cry ♪ soon the sun ♪ is going to shine ♪ [ male announcer ] toyota presents the prius family. ♪ walk if i want, talk if i want ♪ [ male announcer ] there's the original one... the bigger one... the smaller one... and the one that plugs in. they're all a little different, just like us. >>> 3

jon: larry ellison, founder of oracle, number three. the koch brothers.e to hate. george soros comes in at number 7. he is up almost $8 billion. >> we have a lot of new information on soros that cracked him into the top 10 for the first time. most of his money in his fund is his money turns out. not outside investors. jon: a couple members of walton family are in there as well. jim and alice, heirs of sam walton. if he hadn't split up the family fortune if he were still alive he would number one. >> by far. jon: in all likelihood. a bunch of newcomers on this look. >> if you start a social network called facebook you would be on the list. zuckerberg has been on the list. sean parker our cover boy is on the list and savrin who is out of the company but still a billionaire. jon: i only know them from the facebook movie, the social network movie. there is the real eduardo savri. >> backers too. jim briar. jon: sean parker who founded napster and was featured in the movie is in there as well. >> yeah. $2 billion. jon: i'm curious do you ever get any calls fro

larry ellison of red shores oracle is third.est increase in net worth, which moved him up to 14th on the list. >>> up to date on some of the other top stories we're following now. just hours ago, a 16-hour police standoff in san leandro ended when police shot the suspect. police say he is the person responsible for killing a woman whose body was found on tuesday in a richmond restaurant. >>> house republicans in washington will try again for the measure to prevent a government shutdown at the end of next week. in a surprise defeat of a bill yesterday. democrats and tea party republicans voted against it. >>> and some 23,000 nurses are out there walking the picket lines of sutter and kaiser hospitals across northern california. this is part of a one-day strike protesting proposed concessions by sutter health. >>> final preparations are now underway for a fire training exercise in vallejo. ktvu's claudine wong joins us live to tell us newly hired firefighters are on the scene. good morning, claudine. >> reporter: good morning, tor

oracle ceo larry ellison third with $33 b's. >> lot of people have a lot of money. only guy to look for is donald trump. >> for a little while, donald trump was the number one leading republican in the race for the president of the united states. he's dropped out and tonight at 9:00, fox news and google will sponsor a debate watched by a lot of republicans but independents as well. there's the team right there. we have shannon bream, and bret baier guy will anchor things from orlando tonight. >> all eyes will be on independent voters. florida is the purplest of purple states and both sides say this is going to be the year that i get florida and, of course, president obama took it last time and the independents will probably make this up, gretchen. as you know, you got a situation where you have 33% of florida are democrats. 41% of the state's voters are democrats. you have 36% that are republicans. and a quarter are up for grabs each time. waiting to be impressed. >> they are so why is it so important right now? because the last time around in 2008, what percentage