but at the same time, our administration felt very comfortable giving larry ellison pledges of a huge amount of money for the america's cup regatta race for the billionaires, when in fact, there are a whole lot of people that will not show up for that. most of the money would be a trickle-down money that would come in from taxes and so on. the reality is, there is a perception that i certainly share, which is that we, as a city, feel comfortable giving money to wealth, and are really cheap when it comes to things like parks and the poor, as several speakers here have already said, to the people who are residents of the city who are in great need. i would urge that you look at that value system and reevaluate it. the money needs to go where the residents of san francisco need it to go, not just to those -- like twitter and larry ellison -- who are really not in need of our money. [applause] >> we are going to do two more speakers. then i'm going to have to rush you, mayor lee, because i have another meeting at 7:30. what can i say? it is the teacher in me. i cannot help it. pam lee fro

that is exactly what larry ellison is doing.ef executive of oracle is purchasing 98% of the island of lanai, of the six largest wine island. the asking price was between 500 and $600 million. really a small fraction of his estimated net worth of around $36 billion. an expert on why a says this is really not your typical real- estate deal even for him >> and number of investments like these are driven not necessarily by profit loss statements, they're driven by the beauty of the place >> so what does he get? to resort hotels, two championship golf courses, 30 mi. of paved roads, 400 unpaved roads, and no traffic lights. there is still a native population of just over 3000 people. the mostly work at the resorts but they undoubtably have some questions about what larry ellison wants to do with their island. >> id musty nice to be a billionaire >> and he has spent his money and very publicly. he has tried to buy sports teams, he has brought the america's cup to the bay area, but this is something that is even beyond his previous pur

larry ellison agreeing to buy 98% of hawaii's sixth largest island so we're asking you if you were larrys the leave me alone island which is nice. joe tweets call the island the 98%er because he bought 98% of the island. carolyn tweets larry ellison should rename the island marry me, carolyn, island. >> so lush there. >> i understand you have your own address. >> and it grows

the hawaii public utilities commission approved the transfer to larry ellison.r asked asked for a quick transfer. larry ellison paid more than $500 million for the 140 square mile island. >>> he is at home in sacramento 10 days after an accident. he says the head of the whale came 12 feet out of the water before slamming down on the boat. he started bailing out water. a few hours later he was picked up by a rescue boat. >>> the harlem globetrotters brought their moves to the bay area to help young players up their game. >> how is everybody doing? >> summer skills. they showed off their moves and led youngsters 6-14 in team building exercises. each child will get tickets to the world tour game. they are co-hosting these clinics with 24 hour fitness club. >>> he is the victim of the crime but his testimony has been tossed out. coming up, why a judge threw out the priest testimony in the william lynch assault case. >> the changes still needed to prevent another wildfire like this one that tore through lake tahoe 5 years ago today. >>> washed ashore. a rare site on

but at the same time, our administration felt very comfortable giving larry ellison pledges of a huge amount of moneythe students are in serious crisis. my students are coming up to me, telling me they can no longer stay in school. because there are not enough classes, and also because the price per unit is so high and the books are too expensive. what i am seeing is, my students are leaving school and going into low-wage jobs. we have to find a way to save city college. we're one of the wealthiest -- my son has helped to build three condominiums, places for the will to live, so i know they are here in this city. we need to find a way to take care of our children. the second thing is, i drive through golden gate park every day. there are all these bike lanes. i would like the public health department or some entity to be able to do a public health-kind of education on how to share the road. i do not think cars know how to make a right-hand turn when there is a bike lane on the right. i see by sneaking left-hand turns like they are cars. there are all kinds of other violations that are

to go where the residents of san francisco need it to go, not just to those -- like twitter and larry ellison -- who are really not in need of our money. [applause] >> we are going to do two more speakers. then i'm going to have to rush you, mayor lee, because i have another meeting at 7:30. what can i say? it is the teacher in me. i cannot help it. pam lee from district 1. the next person is carry patterson. all the rest of these are going to be given to the proper people so that we have everything you wanted to say. >> i have a couple of things i want to say, so i will do it quickly. i am a teacher at city college. the students are in serious crisis. my students are coming up to me, telling me they can no longer stay in school. because there are not enough classes, and also because the price per unit is so high and the books are too expensive. what i am seeing is, my students are leaving school and going into low-wage jobs. we have to find a way to save city college. we're one of the wealthiest -- my son has helped to build three condominiums, places for the will to live, so i know they are

they're hoping that larry ellison is willing to sit down and listen to their concerns. buy a slice of paradise and walk into politics. speaking of paradise, here, we expect a sunny day >> we are a little concerned that was going to be cloudy for the parade but it will be really lovely. mid-60s to the '70s, a live look outside where you can see the sun shining down. current conditions in the fifties all over the bay area. 55 in san francisco and 51 degrees in santa rosa. >> happy sunday morning to everybody. let's review these headlines. we're looking for things to remain between 5-10 degrees below average. eventually warming up but it does not look like the atmosphere is in a hurry to do that because of persistent low pressure in the atmosphere. with that not moving much we will look for, will not look for temperatures to rise or lowered dramatically. potential for a few clouds at the shoreline but the sun shine has made it an amazing day. members will be up into the low '70's inland. albert gore in the early going, temperatures in the mid- 50s. plenty of sunshine aroun

. >>> and finally oracle's ceo larry ellison is buying himself an island. not just any i lachbltd he's shelling out $500 million to $600 million for 98% of the h an island lanai. >>> coming up the phils catch a bag, big papi goes yard and they get a home run. plus, new york yankee stadium has never seen a home run derby like this one. your early morning sports headlines are straight ahead. >>> in weather as we head toward the upcoming weekend, our temperatures are going to return to where they should be. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports after years of complaints about how college football crowns its national champion, yesterday a solution may have emerged. here's nbc's mario solis with an early look at all your sports headlines. >>> hi, there. good morning. we'll start with the big news out of college football. the bcs conferences have agreed to a 14-game playoff system. a committee will decide which teams qualify based on college championship and schedule. if approved the playof

. >>> and finally oracle's ceo larry ellison is buying himself an island. not just any i lachbltd he's shelling out $500 million to $600 million for 98% of the h an island lanai. >>> coming up the phils catch a bag, big papi goes yard and they get a home run. plus, new york yankee stadium has never seen a home run derby like this one. your early morning sports headlines are straight ahead. >>> in weather as we head toward the upcoming weekend, our temperatures are going to return to where they should be. you're watching "early today." [ male announcer ] if you think any battery will do... consider the journey of today's athletes: ♪ their training depends on technology. [ beeping, ticks ] and when their devices are powered by a battery, there are athletes everywhere who trust duracell so whether they're headed for london or the journey has just begun... they rely on copper to go for the gold. duracell. trusted everywhere. >>> good morning. if you're just waking up, this is "early today." and in sports after years of complaints about how college football crow

larry ellison is the sixth richest man in all the world. he reportedly plans to build a wind farm. speaker john boehner now calling out the white house for blocking the release of fast and furious documents. now is he threatening to take the next step in holding the attorney general eric holder in contempt of the u.s. congress, unless -- well, we will get to that. plus a new plan is in the works. legalized marijuana but not just that. put the government in charge of selling the weed. the government argues it will create drug-related violence. or actually not create it but cut it. i mean, think about it. we'll tell you where that could happen and where dorito sales may be soaring. that's coming up. ♪ why not make lunch more than just lunch? with two times the points on dining in restaurants, you may find yourself asking why not, a lot. chase sapphire preferred. those surprising little still make you te notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you

>> it sure is classic, larry ellison. several cars in the bay area faced a random inspection as part of the statewide emissions survey. the survey conducted by the bureau of automotive repair will be used to create a real world profile outlining the emissions of our cars in the state. today's cars were randomly selected. researchers used a treadmill-like device to measure the emissions. you may be familiar with this. the state says the test will help shape the future of the smog test program. >>> under fire for budget cuts, firefighters turned the tables on lawmakers and asked them to put out a fire today. they brought a mobile fire simulator to the capital. anthony canela suited up. >> it was very unusual. all i knew it was a controlled setting. it was a little scary. it's hot, it's dark. we have this mask on. my hat's off to all those folks who chose that. >> lawmakers get ready to pass the state budget, he says the simulator serves as an important reminder that the state's firefighters and public safety officers need a

oracle's ceo larry ellison he has bought 19% of lanai from david murdoch the state owns the remaining. the tech tycoon already has a home on the island two resort hotels, golf course, water utility and 88,000 acres. some people are skeptical about the new ownership. others hope it will bring new opportunities. >> [ unintelligible ] younger adults can have a future. >> this island does need some change it is just the rate at which the island will change. >> three thousand people live on that island. it is not known how much he paid. estimates around 500 million dollars. >> i'm sure there's some decent yachting to be had over there, right? >> his yacht is about 300 million itself. a lot of money. >> it doesn't feel tropical here mike. >> sure doesn't. marine layer has thickened during the morning hours up to around 2,000 maybe a little above we are at 2600 here on mount tamalpais you can see we are looking down on it just a little and sausalito, you can't see san francisco not here and not here either we look from south beach this morning back to the west let's take a look at what is go

there's no island big enough for both of them. [ laughing ] >> larry ellison is trying to buy that islands looking high and low. what is going on mike? >>> almost as chilly as their relationship. >> i hope larry doesn't become a contestant. still cool. >> absolutely. 4:52. here's the cloud could have hanging around this morning cloud cover that i believe could bring a few isolated showers especially up to the north bay as we head into the better parts of the afternoon hours. let's take a look at live doppler, the best chance of rain now dancing around lake and mendocino counties moving towards us. watch out in the north bay you may get rare june rain. when you step out 49 redwood city, 47 santa rosa, the rest of us low to mid 50s around the monterey bay 54 if you are not you are left out sorry salinas, you are 55. cool again today showers possible north bay cloudy tonight pockets of drizzle afternoon sun cool highs through the weekend. temperature change, warmer in some areas cooler than it should be, five degrees warmer in fremont san jose, four concord and oakland. santa rosa with threa

larry ellison is paying cash to buy 98% of lanai, the sixth-largest hawaiian island. oracle makes business software. and ellison is one of the wealthiest man in the world. it includes two resort hotels and golf courses. >> that's crazy. a pretty big island. not like a teeny island. >> long island -- >> buy long island. that would be expensive. >>> next on this thursday morning, great white sharks returning to the beaches of a summer mecca. >>> alec baldwin defending himself on late-night tv over the latest bust-up with a news photographer. >>> and big news for college football fans. along-awaited playoff plan, well, it is here. [ male announcer ] count the number of buttons in your car. now count the number of buttons on your tablet. isn't it time the automobile advanced? introducing cue in the all-new cadillac xts. the simplicity of a tablet has come to your car. ♪ the all-new cadillac xts has arrived. and it's bringing the future forward. the moisturizer in other body washes sits on top of skin. only dove has nutriummoisture, which can nourish deep down. dove body w

oracle's ceo larry ellison he has bought 19% of lanai from david murdoch the state owns the remaining. the tech tycoon already has a home on the island two resort hotels, golf course, water utility and 88,000 acres. some people are skeptical about the new ownership. others hope it will bring new opportunities. >> [ unintelligible ] younger adults can have a future. >> this island does need some change it is just the rate at which the island will change. >> three thousand people live on that island. it is not known how much he paid. estimates around 500 million dollars. >> i'm sure there's some decent yachting to be had over there, right? >> his yacht is about 300 million itself. a lot of money. >> it doesn't feel tropical here mike. >> sure doesn't. marine layer has thickened during the morning hours up to around 2,000 maybe a little above we are at 2600 here on mount tamalpais you can see we are looking down on it just a little and sausalito, you can't see san francisco not here and not here either we look from south beach this morning back to the west let's take a look at what is go

cleared and temperatures will begin to come up by the middle of next weekend >>erica: or call c e l larry ellison purchased 98% of an island. what did allison get for his purchase price? two hotels, two golf courses it and as a left arm. >> researchers suggests that wind ---88 alcohol drinks in th first trimester will not >> katie perry has decided to start her own record label. she hopes to help struggling artist to achieve and their dreams. >>justine: happy birthday to prince william the turned 30 years old today. he has inherited quite a bit of cash pit he will take about $15 million home with him, has mother's estate. >>mark: this is a list of the most 13 13 brutus' restaurants. you must wait for this chaff to signal when it's time to order. sam waldo has tried to shake the reputation for the rudest >> the mission district beer garden is the home of balances that really do not like people í >> >>justine: here is what's coming up on kron 4 morning news. one killed and two others injured and a house fire in berkeley. bamut the cause of the embarcadero fire is still under investigation. >> an ar

yes, please. >> you yes, you want to be invited to larry ellison's island. >> or love to purchase --to you in his will? what are you asking for? >> just an invitation to see the place. >> larry, if you're listening, kate wants to see your island. >>> jury deliberations begin in the jerry sandusky case. the greatest bombshell comes from a witness who never testified, sandusky's adopted son. >>> george zimmerman returning to the exact spot where he admits he shot trayvon martin. he says it was in self-defense. that's ahead. but what about your wrinkles. neutrogena® rapid wrinkle repair. it has the fastest retinol formula available. it's clinically proven to visibly reduce wrinkles in just one week. "why wait if you don't have to." rapid wrinkle repair. neutrogena®. recommended most by dermatologists. ...more talk on social security... ...but washington isn't talking to the american people. [ female announcer ] when it comes to the future of medicare and social security, you've earned the right to know. ♪ ...so what does it mean for you and your family? [ female announcer ] you've earne

. >>> don't ever worry about larry ellison getting by. he is doing okay enough to buy the hawaiian island of lanai. the ceo of oracle has purchased 98% of the island. like monopoly, his purchase includes two hotels. 3200 people live there with no stop lights, very few paved roads as it should be. at least now the sixth richest person in the world will have a place to get away. >>> leroy neiman has died best known as the man who chronicled sports and great athletes for generations. he was an artist for the television age and looked the part. he worked fast. he painted big event super bowls every olympic since 1960. neiman was an event and while critics often found his work garish or gaudy millions loved his broad strokes and big colors and he made millions as a result. the abandoned son of a railroad worker he was drafted into world war ii and cooked food for the troops in europe while also painting murals on the walls of the mess halls. "playboy" magazine really made him famous as did his portraits of ali and namuth. leroy neiman was 91.

oracle ceo larry ellison has reached a deal to buy 98% of the island of lanai. it's unknown exactly how much ellison paid, but the asking price was between 500 and $600 million. ellison will reportedly pay cash for his sizeable chunk of the 141 square mile island. terrell, you can do that when you're worth an estimated $36 billion. >> threw the money on the table. gve it to me. that was considered a modest investment. unbelievable. erica is in new york. thank you so much. appreciate it. we'll take a quick break on the morning news. >>> when would he come back, the traveling sisters, nuns on the bus come across the country as they face heat from the vatican. this is the "cbs morning news." >>> "moneywatch" sponsored by auto stop. new auto stop is fool proof. gray is over. [ male announcer ] every day, thousands of people are choosing advil® for their headaches. my name is sunshine and i have three beautiful girls. i like taking advil® for a headache. it nips it in the bud. and i can be that mommy that i want to be. ♪ [ male announcer ] take action. take advil®. ♪

>> another name for the island, you need to remember something, though, larry ellison grew up in a two bedroom small apartment in the south side of chicago. he was born poor. the name of the island has to be mere island, reflects the american dream more than i ever heard, a great rags to riches story. >> very nice. what's coming up. >> an exclusive with the ceo of red hat, a big mover in the session. that does it for us and stay tuned. fast money halftime report under way right now. >>> four hours to go until the close and here is where we stand. take a look at the heat map and you will see there is a lot of red on the board. dmek data, really around the globe today causing the red you see. dow, s&p and nasdaq under pressure. nasdaq taking it harder, down by 1% and oil very much the story today, breaking below $80 for the first time since october of 2011 and take a look behind me here. that's where it currently sits. $79 and as we see 79 cents. here is what we're following on the halftime show. get short, goldman makes the call and the market rolls over. should you buy that? we get the

larry ellison is buying a hawaiian island.cle just signed an agreement to purchase 98% of the island of lanai. he is buying lanai from fellow billionaire, david murdoch. if you're wondering, the state owns the other 2% of the island. the asking price is between $500 million to $600 million. it reads in part, his passion for nature, particularly the ocean, is well-known. particularly in the realm of the america's cup sailing. we look forward to welcoming mr. ellison in the future. >>> proponents of a soda tax got a powerful ally. leveeing a tax against sugary, sweetened soda could fight obesity. the ama says taxing sugar-laden drinks could help pay for education campaigns and other programs. >>> it is a century-old tradition. alameda county opened its 100th fair today. the fair honors its roots in agriculture and livestock and horse racing with the 4h club. but the ceo says the fair is adjusting to the time. science, technology and math, have replaced the penmanship contest in 1912. >> people who made their memories here want t

oracle ceo larry ellison is buying himself an island. but not just any island.e's shelling out an estimated $500 million to $600 million for 90% of an island. >>> coming up, big papi goes yard and an inside-the-park homerun. new york's yankee stadium has never seen a home run derby quite like this one. your first look at sports is straight ahead. you're watching "first look" on msnbc. and kept turning the page, writing the next chapter for the rx and lexus. see your lexus dealer. tell me you have good insurance. yup, i've got... [ voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. [ normal voice ] nope, i've got... [ voice of dennis ] the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have... [ voice of dennis ] allstate. [ normal voice ] same agent and everything. it's like we're connected. no we're not. yeah, we are. no...we're not. ♪ ask an allstate agent about the value plan. are you in good hands? 14 clubs. that's what they tell us a legal golf bag can hold. and w

i spoke to larry ellison derica a for a good few moments and we reiterated our excitement about the race. it is on. it is on for this year. for the smaller boats and next year for the larger boats. we expect hundreds of thousands of people to come to our city and we have figured out with great plants that have been worked on by the event authority and our host committees, all the different plans we have to use properly our open space, our transportation lines and make sure we create the venues that are positive. i want you to know this. the change in a little bit of the investment and the public discourse just is a very i think he reminder of how sensitive we have to be to this whole dialogue about investment. that can go different ways. the thing that i need to make sure we do at the board of supervisors and the mayor's office and all of our departments, keep a strong foundation for economic growth in the city. keep talking to audiences like you and others who can help us. keep talking to our neighborhoods, making sure that dialogue understands that job creation is about skill and direc

but at the same time, our administration felt very comfortable giving larry ellison pledges of a huge amount of money for the america's cup regatta race for the billionaires, when in fact, there are a whole lot of people that will not show up for that. most of the money would

the hawaiian island lanaye has been bought by larry ellison.d 98% of the smallest accessible island. bothing 3,000 residents, 50 miles of coast and no traffic lights. the asking price was close to $600 million. ellison reportedly is paying cash. >>> thank you so much for joining me. next week leader in business and politics will be meeting. keep it right here where wall street meets main street. have a great

larry ellison buying most of the island of lanai. it is the state's sixth largest island. early reports had the initial asking price at around half a billion bucks, so a steal. that's business. i'm he neil cavuto. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients, from nature valley. ♪ ♪ i was thinking that i hope this never ends ♪ [ female announcer ] nature valley granola bars, nature at its most delicious. droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4glte network and motorola, whatever you want to do... droid does. >> reporter: baby wash, bedtime bath soup. scientists found them to be the cull brit behind false positives of marijuana in baby's urine. this doctor talked to us about the findings. >> these soaps are very safe soaps. it is just that they think that n these soaps, there is a substance t

the haiian island lanaye has been bought by larry ellison.d 98% of the smallest accessible island. bothing 3,000 residents, 50 miles of coast and no traffic lights. the asking price was close to $600 million. elson reportedly is paying cash. >>> thank you so much for joining me. next week leader in business and politics will be meeting. keep it right here where wall street meets main street. have a great that fridge in your kitchen may have crossed this bridge. your new car probably rode these rails. that shipment you just received was trackedy satellite. we build and maintain. we invest and innovate. so we can deliver what america needs. this year alone, freight rail companies plan to spend twenty-three billion of their own money, not taxpayayer dollars, to buildbri, and develop new technologies to keep freight rail and our economy moving. there's a lot riding on these rails.

the hawaiian island lanaye has been bought by larry ellison.98% of the smallest accessible island. bothing 3,000 residents, 50 miles of coast and no traffic lights. the asking price was close to $600 million. ellison reportedly is paying cash. >>> thank you so much for joining me. next week leader in business and politics will be meeting. keep it right here where wall street meets main street. have a great [ male announcer ] olympic tennis players bob and mike bryan do a lot of sending... and receiving. sending...and receiving. sending...and receiving. sending...and receiving. sending...and receiving. [ bob ] i got the tickets. [ male announcer ] and with citibank popmoney, it's even easier to keep sending...and receiving. let me get you back. no, it's on me. i insist. no way. yes way. well let me chip

talk about location, location, location, the hawaiian island lanai has been bought by billionaire larry ellison founder and sixth richest person in the world purchased 98% of the 50th state's smallest accessible island. boasting 3,000 residents, 50 miles of coast, and no traffic lights, lanai's listing price was close to $600 million. ellison reportedly is paying cash. that's the show for today. thank you so much for joining me. next week, join us from the ideas festival where leaders in business and politics will be meeting. keep it right here. wall street meets main street. have a great week. [ male announcer ] we imagined a vehicle that could adapt to changing road conditions. one that continually monitors and corrects for wheel slip. we imagined a vehicle that can increase emergency braking power when you need it most. and we imagined it looking like nothing else on the road today. then...we built it. the 2012 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

larry ellison, ceo of the tech company oracle is buying a 98% stake in lenni, known as the pineapple island. it's the smallest publicly accessible island in the chain and also the least developed with just 30 miles of paved roads and no traffic lights. ellison is worth $36.5 billion. the sale price is estimated to be around $600 million. >> sounds like a bargain! >> can you imagine having your own little island in hawaii to go to any time? >> no, i can't. >> some day, richard. >> yeah, maybe. all right, stay with us. "news 4 today" continues right now at 5:00 a.m. >>> no relief from the oppressive heat. we could be in for a record-breaking day as communities around the area try to help you beat the heat. good morning. i'm eun yang. >> and i'm richard jordan filling in for aaron gilchrist. welcome to "news 4 today." it is thursday, june 21st. it is going to be a hot one, and some local governments can help you beat the heat during this mini heat