larry ellison also a big tennis as well as basketball fan. orts trophies would add to ellison's personal empire, which by my account is the largest in the world. he owns dozens of mansions and properties from malibu to newsport to tokyo. he owns a 280-foot yacht. he's very involved in the america's cup. he also has his own jet, sports car, and very extensive art collection. aeg would be by far his personal biggest trophy yet. back to you guys. >> talk about an expensive way to get floor-side seats. that would be it right there. that's for sure. robert, stay there. let's talk about this as we bring if our next guest to talk about what else is on larry ellison's shopping list. >> joining us is mark of premier wealth management. he's known for his taste for all these fine things in life. now this eye on sports. do you think there's growing interest in this type of business among the wealthy? >> absolutely, i do. larry ellison has always fancied himself as a trend setter. he knows growth. he knows how to develop growth assets. he sees the sports a

i'm here with larry ellison.ioned one deal that has yet to be proven according to the shareholders. it's sun microsystems. you've said this business, this hardware business is going to grow. what's been the problem with sun? >> well, we have two hardware businesses. we have a hardware business we care about. kind of our new generation of hardware and software engineered to work together. that's growing at more than 100%. but then we have another hardware business, kind of the old commodity x-86 business, which is taking microprocessors. that business is shrinking. so we got two things going on. we've got this old sun business of selling commodity hardware, which is disappearing, which we don't care about at all. our new business of selling engineered systems, which is more than doubling. the old business is shrinking slightly faster than the new business is growing. but those two lines will cross at end of this fiscal year, and we'll get very rapid growth because the bulk of our business will be engineered system

my conversation with one of the richest men in the world world larry ellison. how he is spending his billions and his friendship with steve jobs. >> he was our edison, our picasso. >>> are you saving enough for retirement? how to boost your bottom line if you are nearing the magic number. the "wall street journal report" begins right now. >> this is america's number one >> this is america's number wall street journal report." now maria bartiromo . here's a look at what is make making news as we head to a new week on wall street a crucial report came in better than expected. the september jobs report showed the unemployment rate fell to 7.8%. the best number since january of 2009. the economy created 114,000 new jobs for the month in line with what economists were looking for and job creation numbers for the d upward. after a mixed start to the week the markets bounced back after positive economic data and what some called a romney rally following the presidential debate. the market was mixed on friday. the the auto sales are powering . on an annualized basis, s

and we'll get larry ellison's rare take. and what boomers are doing to save for retirement and how the new normal changes the rules of the game as we go to break look at how the stock market ended the week. open enrollment is here. the time to choose your medicare coverage begins october 15th and ends december 7th. so call to enroll in a plan that could give you the benefits and stability you're looking for, an aarp medicarecomplete plan insured through unitedhealthcare. what makes it complete? it can combines medicare parts a and b, which is your hospital and doctor coverage with part d prescription drug coverage, and more, all in one simple plan starting at a zero dollar monthly premium -- no more than what you already pay for medicare part b. an aarp medicarecomplete plan offers you benefits like an annual physical, preventive screenings and immunizations for a $0 copay. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. there's more. when you enroll in an

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you got to talk to mark herd and larry ellison.talks to anybody on camera. >> yeah, he hasn't done an interview in five years. i found him to be very open in terms of communicating. he was talking a lot about where the company is, how they're allocating capital. my takeaway, they're not going to raise their dividend any time soon. it's just not a priority. they're sitting on billions in terms of cash on the balance sheet. he said he's not going to do a big deal any time soon. so what does that leave? i would make a bet they are going to be doubling down on buy backs, maybe incremental increases in the dividend. he was pretty clear in terms of using that money or not using that money, really, for big deals. that, of course, has been the real reason and the way this company has grown over the years. listen to this. >> we're not planning any major acquisitions right now. we are really focused on the fact that over the last seven or eight years, we've re-engineered all of our applications for the cloud. we think that's a huge opportuni

and larry ellison is expected to speak again on tuesday. this time on business information sharing. >>> a fundraiser raised thousands of dollars for the family of a fallen chp officer. the fallen heros group organized the event in honor of officer kenyan youngstrom. the father of four was shot and killed. 150 people attended and they raised $3,500. >>> a possible insider attack leads to a somber milestone in afghanistan. plus check this out. powerful winds take a vehicle for a ride. the damage in japan after a typhoon takes aim. >> the governor signs a new law that might reduce the life sentences of hundreds of inmates the criteria though they have to meet to benefit. >> a hot weather pattern for the first day of october. the neighborhoods that will approach 100 degrees. the timing of the next significant cooling trend. dan hurd: when i was a child, california was a leader in education funding. erika derry: and the fact that california isn't making it a priority frustrates me. dan hurd: i'm ashamed of that, and i don't want this to continue

he says he has a dog well cared for and loved. >> larry ellison is looking for more ways to spend his money. he now has sights set on the aeg group. aeg has shares in the los angeles kings and los angeles lakers. owning the company will allow him to buy and relocate an nfl team to l.a.. the bitding will start at $10 billion. a couple years ago he tried to buy the golden state warriors.. >> so billion? yikes. a couple players from warriors took time off to give needy families a big helping hand. richard jefferson helped the food bank assemble food boxes this morning and joined team staff to bring attention to an unexpected spike in need for food during fall and winter months. they expect to provide meals to one in six residents over the next few months. >> that is fabulous. >> coming up next another glimpse at a surreal sight. >> moving at five story tall shuttle throughout the streets >>> coming up in 30 minutes abc 7 news investigates claims of a blood donor who found out his blood may have been sold. tonight a new medical break through for first time ever paralysis patients are rega

congressional approval to raise prices by five cents a stamp but congress has yet to act. >>> larry ellisonay be making bid for multi-billion dollar sports and entertainment empire. reports ellison may be interested in an entertainment group owned bye-bye fellow billionaire including stables in the lakers, kings hockey team and more than 100 worldwide entertainment and sports venues. sources say owning aeg would allow ellison to buy and relocate nfl football team to los angeles. >>> right now shuttle endeavour is inching through the streets of los angeles. here's a live picture of a vehicle that is used to traveling multiple times the speed of sound is moving slowly. >>> plus, no one can remember seeing anything like this. what is that? giant eye watches up on a beach. the question is, who lost it. >> oh i see. >>> young athlete refuses to quit. how he finished a triathlon after his prosthetic leg broke. . i can't stand these spots. those spots are actually leftover food and detergent residue that can redeposit on your dishware during the rinse cycle. gross. jet-dry rinse agent helps wash t

now larry ellison talking about buying the sports teams and then use owned by -- a move by alison to bring an nfl franchise back to los angeles and a stake in the l.a. lakers and in the n.b.a. he owns hockey teams, soccer's galaxy, 100 venues and the word is a line up like crazy now that he wants to sell. real-estate holdings, a key assets, so who might other bidders be? you have the biotech billionaire, a controversial figure is interested and made the honor of the vancouver canucks who said he might be a possible bidder cannot and ron burke who was kind enough to respond when we were texting and stopped short of admitting he would like to be involved but he does say this. basically everybody here wants the team in l.a. and you got to wonder what teams. san diego chargers might be a key possibility or maybe even moving the oakland raiders back to l.a.. >> marcus allen and donkeys williams? this is 100 years ago. anybody, we will take any of those. i am thinking ron because he is from l.a. and let's hope. text him back and say we want you. >> let me get to robert gray. whether you're

go now to maria, who is in san francisco, where shebl doing an extremely rare interview with larry ellisonn a cnbc exclusive. awesome get. larry should be exciting. >> hey, thank you so much, brian, mandy, good to see you. we talked a lot about the cloud and about software as a service yesterday with mark hurd. today, going to get into deals. this company has been a serial acquir acquirer, i will ask larry ellison about the deals and growth and when you strip away those deals what does the growth look like at oracle and what he might be eyeing right now. we will get into that, the company has grown through acquisition and one thing i want to talk to him b as well, lots of startups coming armed, oracle trying to win business from them. we will get his take on that and succession, a lot of issues to talk about here is a guy who has been a terrific spender, talk about his other hobbies, if you will and he is spending his own money. larry emson on "the closing bell" in the next hour, brian. >> yeah, i believe he just bought his ninth malibu man for cool $37 million. maria, are gouge put him on

larry ellison has been having quite a run. spent half a billion on a hawaii island of the his stock is up 20% since may. ellison worth $40 billion thanks to 35 years of blood, sweat, toil and tyranny at article. the software titan he founded. forbes said he was the top dollar gainer on the forbes 400 rich list this year. that island is really nice in hawaii. half a billion not so bad. key clue, oracle disclosed late last month ellison pledged $4 billion of oracle stock to secure personal debt. phil anschutz inherited a tiny oil driller in the '60s from his dad. he went broke. rebuilt it. went into telecom and entertainment. to want 10 dal billion or better. others are interested. ellison has $4 billion of new credit burning a hole in his pocket. mole list is a. melissa: what else would you do with 4 dal billion. you don't need an island. maybe an nfl team. i don't know. he looks very good for 68. i heard other talent who will renameless talking about maybe recently had work done? >> he certainly can afford it. he loves malibu.

you know, larry ellison yesterday talking about growth from the cloud. that's obviously one of the themes within tech. what where are you seeing nunt tech? >> technology in the u.s. is 15% of our market cap. it's 3% in europe. it's a core competency in the u.s. what i think is happening right now is remember in 1998 the world turned down, but it was asia that was in trouble. the central banks put liquidity in and technology did well, particularly growth stocks. my view right now is instead of asia being in trouble, it's europe, but people are going to migrate towards some of the good growth stocks. you've seen that in names, you know, some of the bigger cap technology names. i would be very focused on things that have yield growth and inflation hedging. i would focus on the technology sector. as we have a bumpy ride on economic growth globally, i think public investors are going to migrate towards those names. >> you finding growth in europe? >> growth is tough to come by in europe. >> just wanted to throw that out there. always nice to see you. >> absol

>>> the plan larry ellison has for the hawaiian island that he owns almost all of. [ female announcer100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ >>> richmond city council moving to make sure repairs to the chevron refinery use highest standards and technology. council passed resolution calling for chevron to improve safety, hire more locals and pay fair share of taxes more fallout after the august fire caused by a deteriorated pipeline. toxic smoke from the fire sent 15,000 people to the hospital chevron officials were not at last night's meeting but expect more heat today when protesters plan to gather at 3:00 at the richmond bart station they will rally in washington park 4:30 then the refinery at 5:00. >>> apple's iphone 5 out dueled main rival. michigan company tested three dozen cell phones for toxic chemicals. the iphone 5 finished fifth, main competitor samsung finished 9th. topping the list with the least amount of hazardous materials moto

and larry ellison is expected to speak again on tuesday.me on business information sharing. >>> a fundraiser raised thousands of dollars for the family of a fallen chp officer. the fallen heros group organized the event in honor of officer kenyan youngstrom. the father of four was shot and killed. 150 people attended and they raised $3,500. >>> a possible insider attack leads to a somber milestone in afghanistan. plus check this out. powerful winds take a vehicle for a ride. the damage in japan after a typhoon takes aim. >> the governor signs a new law that might reduce the life sentences of hundreds of inmates the criteria though [ male announcer ] citibank's app for ipad makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. helps him deposit his checks. jay also like it when mother nature helps him wash his car. mother nature's cool like that. mobile check deposit. easier banking. standard at citibank. >>> the power of nature is on d

at 5, next venture larry ellison is eyeing it could be his ticket to owning a sports franchise.ose stories and more later today at 4 and 5. >>> right now it is time for friday's perfect pet. >>> you brought a new friend, hi. >> hi. yes i brought celia a chow-mick obviously. -- chow-mix obviously, really sweet, great lap dog fun to travel with does well on-leash she would be a great family dog for a family with older children she is easy-going. dog-wise relatively low maintenance and you have a few chihuahuas now? >> yes, always. she is super sweet will do well in training classes. i think she will be a gem for a family. >> tell us about the special event tomorrow. >> biggest adopthon in the bay area this weekend in san rafael, bay area pet fair and adopt-a-thon over100 shelters, rescues vendors if you are thinking about adopting the perfect weekend to come out. >> i'm sure somebody can find a pet to adopt. you can go to the humane society. 415--- [ inaudible ] >>> thank you for joining us. >> who s to be a millionaire is next.

. >> there is no estimate on how much it will cost to fix but there is a good likelihood larry ellison will have to pay for it. >> in this picture you can see the team is wasting no time getting to worng repairing that boat because this is a major set back to training sked yulz. 72 foot catta marchans not easy to come by. the team had one now, none. you can imagine they're out of the water when they should be sailing and preparing for america's cup. now, it turns out the team was working to he build a second boat supposed to be ready in spring. now, they say they're going to accelerate to try to get that boat into the water. so they can get back to training. >> smup going to be talking to larry. >> yes. >> still to come tonight, obama versus romney, round two. how will latest debate affect the election? >> and from the bowels of the bay bridge a man survived its collapse. when the big >>> a heated presidential debate last night as the president and governor spent much of the evening arguing over claims. abc 7 news mark matthews has been fact checking their statements and he's here now

oracle software tycoon larry ellison filthy rich bought his own island in hawaii. now he may be ready to buy something even more precious, his own nfl football team. making a $10 billion bid for the sports team venues owned by fellow billionaire. i could provide a platform for bringing an nfl franchise back to los angeles. cheryl: the stock is up huge at oracle, this deal out of los angeles and also has his big yachting business. have you seen it in the san francisco bay area? dennis: i have not. 35 years of blood, sweat and tierney at oracle. cheryl: he is doing something right at oracle. dennis: i think they carry him out in a box. cheryl: soon apple could possibly lined up for a smaller ipad. when it is due and how much you could get for your larger model now. dennis: a look at some of the winners over on the nasdaq. nearly 1 billion people around the world don't have enough food to survive. we can't let this happen. there is something we can do abouit. please join christina aguilera and yum! brands in the movement to fight world hunger by supporting the united

at 5, next venture larry ellison is eyeing it could be his ticket to owning a sports franchise.ose stories and more later today at 4 and 5. >>> right now it is time for friday's perfect pet. >>> you brought a new friend, hi. >> hi. yes i brought celia a chow-mick obviously. -- chow-mix obviously, really sweet, great lap dog fun to travel with does well on-leash she would be a great family dog for a family with older children she is easy-going. dog-wise relatively low maintenance and you have a few chihuahuas now? >> yes, always. she is super sweet will do well in training classes. i think she will be a gem for a family. >> tell us about the special event tomorrow. >> biggest adopthon in the bay area this weekend in san rafael, bay area pet fair and adopt-a-thon over100 shelters, rescues vendors if you are thinking about adopting the perfect weekend to come out. >> i'm sure somebody can find a pet to adopt. you can go to the humane society. 415--- [ inaudible ] >>> thank you for joining us. >> who s to be a millionaire is next.

the nephew of oracle founder larry ellison was one of those dudes hanging around. right there.e video. >> literally hanging around. >>> today's sunshine stock nps pharmaceuticals after the fda issued an upbeat preview of its short bowel syndrome drug. >> the disaster dujour -- amd the chipmaker cutting fiscal third quarter revenue guidance saying sales have dropped 10% from the prior quarter because of weaker than expected demand, also cutting its gross margin forecast by about 1% n4% year t date. >>> over the past four weeks, all luxury retail stocks that we found were underperforming the dow. the question is, is luxury over. let's hope not! i like a little luxury. is luxury over? >> no, it's not. there's still great categories going on. unfortunately, burberry is not in all of those. we see strength in fashion jewelry, fashion watches, handbags, shoes, and other accessories like that. all the ones that burberry is not exsellicelling in right now. >> maybe a company-specific issue? >> yes, it is self-inflicted. i would not count the brand out by any stretch of the imagination.

larry ellison is at the mike. he is expected to announce a major change in oracle's database business. specifically oracle will introduce their new 12-c database. the conference runs through wednesday. a serious accident in san francisco, it happened just before nine this morning at-battery and green street off the embarcadero. one car flipped on to its ruth. rescue crews cut the person out of the vehicle. at least one person was taken to the hospital. the so-called carmageddon 2 in los angeles is going off without a hitch. well, almost. take a look at this. a huge piece of the bridge being demolished suddenly fell. workers had to high tail it out of there in a hurry. luckily no one was hurt. the closed ten-mile stretch of 405 freeway is on schedule to reopen early monday morning. >>> just ahead, the big delivery the post office will not make tonight that could get it in some hot water. and two northern californians are big winners in the lottery. where the winning tickets were bought. and plus the excessive heat

>> plan larry ellison has for his private island.3q i can't stand these spots.se spots are actually leftover food and detergent residue that can redeposit on your dishware during the rinse cycle. gross. jet-dry rinse agent helps wash them away so the only thing left behind is the shine. jet-dry rinses away residues for a sparkling shine. prove it. enough is enough. d-con no view, no touch trap snaps to kill instantly. no looking, no touching. d-con. get out. >>> good morning. live look towards san francisco on this wednesday morning. we see clear skies. last couple days that's indicated hot temperatures ahead. what about today? mike will tell you more. >>> richmond city council moving to make sure repairs to the fire-damaged chevron refinery uses highest standards and technology. the council passed resolution last night calling for chevron to improve safety. hire more locals. and pay its fair share of taxes. this is more fallout after the august fire. toxic smoke from the fire sent 15,000 people to hospitals. chevron officials were not at last night's meeting. t

. >>> larry ellison plans to turn his hawaii island into a lab. he hopes to turn sea water into fresh water for organic farms across the 141 square mile island. he also wants to expand the use of solar power and electric cars. ellison says he has a lot of hobbies and the island project is one of them. >>> new limits for public nudity. the proposal that would restrict where people can go bare. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. today, we're forty-seventh out of fifty in per-pupil funding. vo: for years, sacramento politicians have chopped away funds for our schools. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. helps him deposit his checks. jay also like it when mother nature helps

. >>> the oracle open world continues today in san francisco where last night chief executive larry ellison kicked things off and outlined his newest vision, a new cloud system he says is better and faster than the competition. oracle already has a cloud system but this new one is meant to go directly head to head with amazon and google. the oracle open world runs through thursday. >>> 4:45. the world's largest online retailer will be uncorking a new service. amazon.com planning to settle bottles of wine starting this holiday season. the company says it's hoping to form a partnership with nearly 100 wineries from across the country. bottles will be shipped from the vineyard while amazon takes a cut of all the sales. the service should begin this holiday season. >>> well, some big names being tossed around should president obama decide to replace timothy geithner. for that and the rest of your news before the bell, we turn it other to seema mody live at cnbc headquarters. seema, good morning. >> reporter: good morning to you. quick check on the markets right now. futures are higher as wall s

larry ellison ceo is expected to speak. the convention will last until thursday noticeable cause some traffic issues in the city. >> the third annual poll, street blues festival was a big success over the weekend. a market place for local merchants was also there for arts and crafts food booths, a pretty large large family gathering area. it happens to be the only free blues of dent in san francisco. and speaking of music kron force of stanley roberts had the honor of being the master of ceremonies. residents came out to see steadily. the festival was a benefit for the arts council community program. >> no updates on the wild flowerfires we are following. fr firefighters have been injured and a shed has been destroyed. several homes in northwest of the fire and no evacuation orders were issued. >> and make sure to bring your own plastic bag on your shopping trip in san francisco or it may cost you money. the plastic bag of bread goes into effect today if you do not have your own back stores will charge you 105 per bag. tolb

this is billionaire's row in san francisco, home to people like larry ellison and the gettys, and theses. don't recognize them? well, you shouldn't. patrick buckley and ryan are two of eight people who rent a house on billionaire's row. >> the mansion, as we call it. >> reporter: while they won't divulge what they pay to live in a place with a view like this, they say living in a mansion is actually cheaper than if they all simply rented out a one-bedroom apartment. >> you share grocery expenses. you share utility expenses. the rooms, you know, you're definitely saving money over kind of what your standard rents would be if you lived by yourself in san francisco. >> reporter: but the group lives here for more than just the location. they see this place as an incubator to help grow and develop their entrepreneurial spirit. >> having the community of people that you're living with who are kind of entrepreneurially-minded really is a huge benefit to trying to start a business. >> reporter: buckley started his ipad cover business just five months after moving here in 2010. >> the case is bo

who make money with money rather than with their hands or brains like the rest of us next up is larry ellison he's the c.e.o. of oracle he's worth forty one billion dollars and he just recently bought ninety eight percent of the hawaiian island of la not. so times are good for larry and ready have the top five are two men who really need no introduction but i'll give them one anyway charles and david koch and we all know about their exploits so tonight we'll give the cokes. night off and said i want to focus on who's just outside the top five on the forbes richest americans list these people occupying slot six through nine you'll notice they all have the same last name walton they are the wall and there's there are six of them and together they're worth more than one hundred billion dollars no that's not an outrageous ransom being demanded by dr evil that's their actual combined well more than one hundred billion dollars they're worth more than forty percent of the nation combined in together they control the wal-mart empire and are the biggest private employers in the world not arkansas abou

but what sources say larry ellison is looking to buy and how it is connected to an nfl team. >>> and a man carries weapons into l.a.x. what we've learned about the power weapons and why a motive is still unclear. oÑ >>> it's chilly out there. kind of a gray, cool pattern. mostly cloudy today. highs mainly in the 60s. >>> well, vice president joe biden and his republican rival paul ryan had heated exchange in last night's debate. >> mr. vice president, i know -- >> no. >> mr. vice president, i know you are under a lot of duress -- [laughter] >> but i think people would be better served if we talked one at a time. >> well, jamie dupree is live and jamie, the polls don't seem to agree that the debate was heated. >> reporter: you are light right. there was a cbs poll that showed joe biden the winner. there were others from cnn, cnbc, the a.p. had a poll out that showed paul ryan the ryan. both sides declared victory and then can produce data to back up their claim. i just saw a tweet on the twitter account of the president talking about joe biden's victory. a lot of republicans talking a

now, ceo, larry ellison, will be delivering the keynote speech about cloud computing and social media. this runs through thursday. >>> they will be outside. more hot weather a's. it may even be -- ahead. it may even be hotter today. up next, steve paulson will have the forecast for your area. >>> and it's pretty slow in the south bay right now. i will give you an update on that commute. ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt, right? 'cause we shouldn't really help with your love life. yoplait. it is so good! >>> sexual assaults are on the rise around the uc berkeley campus. that's according to a new police report. uc campus police say 24 cases were reported last year compared to only four in 2010. a woman's resource director says the rise c

ceo larry ellison will be there and the conference runs through thursday how is the come might. >> i want mention we have a little bit of breaking news and i will teletake you to vallejo, a house fire in vallejo. this is el comino royal. a 3 alarm house fire. there are reports inside the house people didn't get out and one thing we do know is a crew is not affecting the major roads but certainly affecting some of the streets there they are looking good with no major problem but that's a nice looking drive getting into san francisco. >> let's go to steve. >>> we'll see 60s 70s and 80s for many. i have been looking all the way out through the middle of october and i can't find any rain, nothing. for those of you who work outside, i don't see anything yesterday but the 90l1sl0 to 100s still will start to turn in. they have an east winds and i was looking at ford fun and if they don't nobody else has one either. 52 napa and low 60s, livermore 63 san jose 62 and 60 in oakland. a tiny one in oakland and unless it crank up. -- cranks up, all bets are off. we have a low coming in from the so

larry ellison will turn the island of lanai into a laboratory of green living.will convert ocean water into fresh water. he will use more electric cars on the island and will also increase the exports of fruit. he bought 98% of lanai including its two resorts. >>> occupy protesters will be outside of chevron's refinery in richmond. protesters want safety improvements after that big fire in august. and they want reduced emissions. they plan to march there this afternoon at 3:00. >>> the russian mission control center plans to move the station into a different orbit. the station is moved any time there is a -- there is greater than a 1 in 100,000 chance of space debris nearby and being hit. >>> the man accused of snatching a 9-year-old girl from that restroom of the school in san mateo last month is facing some new charges. investigators have tied the 25- year-old to an incident that happened in march. police say he photographed a group of 9 why girls from beneath a school restroom stall in daly city. he's being held now on felony kidnapping and child molestation

there is no estimate how much it will cost to fix this $8 million boat but larry ellison will have to for it. >> the crew is getting ready to fix the boat. this is major setback for the team's training schedule. these are hard to come by. they had one and now they have none. so they need to get it fixed. they were actually to build a second boat. they were going to have it ready by early spring. now, the team is going to accelerate that schedule and have that bet on ready sooner so they can sail that boat while this one is being repaired. >> dan: bicyclists are going to have a easier time navigating two streets. they have approved a new bicycle safety project along fell and oak street between scott and baker streets. this is what the area looks like right now. the new plan calls for constructing a wider bike way with buffers. this is what it will look like. planners say the city will need to remove more than 50 parking spaces to make it happen. improvements are scheduled for the coming months. spencer is back for the forecast. >> things will be changing dramatically over the weekend.

closing bell later today as maria sits down with larry ellison for an exclusive interview at 4:00 p.m. eastern. we'll take a short break. still to come on this morning's "worldwide exchange," we'll be in madrid, the latest unemployment data put further pressure on the spanish government to ask for a bailout. today from around the world. the bailout rumor mill working overtime for spain. the country sees unemployment rise again in september. banks a wait an eu report which is expected to recommend splitting retail and investment banking. and jpmorgan is hit by a lawsuit over bear stearns mortgage securities. the bank says it will contest the charges. spain saw more jobs lost in september as the crisis and austerity measures continue to weigh on the labor market. the number rising by 1.7% last month, has now hit 4.7 million. jule septemb jules joins us. a report saying they're ready to ask for assistance, but apparently the germans saying you can hang on. interesting. >> yeah, it is an interesting article. i think is the lack of distinction between a full bailout for spain and also this

. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional databases. he announced the oracle private cloud which can be kept behind the customer's own security firewalls. then the x-3 designed to store all databases in memory can >> if you thought the old datas were fast you ain't seen nothing yet many >> reporter: his keynote address was his first of two scheduled speeches. 50,000 registered for oracle's 30th annual conference. some say while the devil is in the details, they did like what they heard confidentiality is very important. therefore, giving us the infrastructure that we could have in our own private cloud, i think is a great idea. >> larry talks a lot about performance and how thecéhe÷ ore platform can beat all competitors strong message. >> repo

now ceo larry ellison will give a major speech about social media at 2:45 this afternoon. the oracle conference will run through thursday. >>> time now 6:26, sal, what do you see out there? >> it is getting more crowded and if you are drive around the -- driving around the bay area, it is not a huge crowd. we'll see some slowed traffic, 680 getting out from pleasanton heading south, it doesn't look too bad. quick weather with steve. >>> very quick, no breeze yet, it will be warm to hot. 70s to near 100 degrees, we will talk about that coming up in about seven minutes. >>> a somber day in albany, how teachers and students will be remembering a one time popular educator and coach. >>> a two alarm house fire in vallejo -- excuse me, three- alarm fire in vallejo, we will tell you why they say they were able to get out unharmed. >>> plus the opening bell is about to ring on wall street, pam will have your early stock numbers. ♪ [ male announcer ] the first look...is only the beginning. ♪ ♪ introducing a stunning work of technology. ♪ introducing the entirely new lexus es. and t

. >>> larry ellison sets his sights on a new target. >>> if you booked a flight on american airlines,. the latest cuts could leave you stranded at the airport. >>> right now another live look space shuttle endeavour on its final journey these are live pictures from los angeles, not only is there the shuttle being moved through streets on its way to a museum you can see how slowly it is moving give crowds time to admire and cheer and savor this moment before they have to visit it at a museum. >> in orbit 17,000 miles an hour on the streets two miles an hour. two-day journey, 12 miles. we'll be right back. >>> carses coming from marin across the golden gate into san francisco for the most part leftover moisture a little sprinkle maybe a drizzle for the morning commute. warmer sunshine on the way. >>> oracle's ceo ellison may be making potential bid for multi-billion dollar sports and entertainment empire. ellison may be interested in the aeg group. the deal includes stakes in the lakers, kings hockey team and more than 100 worldwide entertainment and sports venues. sources say owning ae

also at 5:00 larry ellison sets his sights on a new venture. that is coming up and a lot more at 5:00. >>> back live now with the most-riveting two miles per hour journey ever with the shuttle endeavor in los angeles. >> it's about to make its way across the 40 5 freeway. the making this is -- this is an interesting journey with just inches to spare. it passes power lines and we've been told a number of power lines in the area had to be rerouted for the journey. some folks without power four to eight hours during the course of this. they have to remove lines so it can make its way through. >> what is cool is that anyone can go down and watch. you can stand and see endeavor. if you're wondering about the price tag over $10 million to move it from l.a.x. to california science center. going to take two days.. >> we can see why. >> at least two days. >> two miles per hour is the top speed. >> many americans grappling with high costs of medicine may be putting themselves in harm's way. >> there are ways you can save money at the pharmacy. >> nearly

ladies, the bold larry ellison is free. he's single. >> nothing is free. >> call me, larry. you're a handsome man. >>> our time 16:38. in nine minutes -- is 6:38. in nine minutes our pets are helping out their human friends. >> it is foggy out there this wednesday monk. we have some sun this afternoon headed our way. highs possibly to the mid-80s. straight ahead howard gives us a sneak peek of the weekend. we'll be right back. ♪ [ darius' mother ] i remember as a toddler, when darius started walking, there was no stopping him. he actually would run from us and we always had to catch him. and then, at four years old, the sports started, and he never stopped. once he started, he never stopped. ♪ ♪ to be told that your son probably would have to stop playing sports forever, was just heartbreaking. we make medical devices that enable physicians to make an accurate assessment of the patient's condition and potentially save their lives. [ darius' mother ] with monitoring, he is allowed to play baseball. because of the test that he had, he's here today. now darius can live a long h

ceo larry ellison is scheduled to give the key note address this evening. it's expected to be a economic shot in the arm for city hotels, restaurants, cabs and retailers. >> really huge impact to the city. i think it brings a lot of revenue and we are lucky to have it. >> reporter: they are also expected to announce a mapping deal with nokia. open world runs through october 4th. > a air quality is forecast to be unhealthy for a third day in a row in the bay area leading officials to declare at spare the area alert for tomorrow. just like they did today they are asking people to avoid driving or using gas powered, barbecue and yard equipment. they are being asked to use public transit. temperatures in the high 90s possible again tomorrow which is the tenth spare the air day of the season. of course the calendar may say fall but it felt more like summer. an is live in livermore which was just a few degrees shave the record for this day. >> reporter: there was a classic car show here today and while the cars were cool, the car lover was hot and with temperatur

in many ways this is larry ellison week.le convention is in full swing and on the water, it's the yacht race. the america's cup is truly global. >> there's no questioning the global appeal of america's cup racing and when you examine the international cross pollination of crew members, you'll start to notice a variety of unique stories like brits at the helm of the italian team and american leading the swedes effort. the 2003 america's cup the nationality rule was changed which held that crew members must be nationals of the teams they represent. chris draper, a british born skipper for the italian team explains that the international mix on any given race crew is really no different than what you'll find on a major league baseball roster or a professional soccer club. >> a lot of sports in america are mainly played in america and not competitive in the rest of the world. sailing is like premiere league soccer where you have a lot of people coming from different nations and it's about bringing a team together that works as w

larry ellison says he wants to turn lanai into, quote, a little laboratory.says he's going to convert seawater into fresh water on organic farms that he hopes will be exporting organic produce to japan. side note, also telling cnbc he would love to own the l.a. lakers one day. the lakers happen to be his favorite basketball team. >> scott ellison could afford the lakers. >> he's a very rich man. ellison in addition took out a $4 billion -- that's billion dollar -- credit, line of credit recently from the bank using stock. which means he could anytime he wanted to write a check for $4 billion. i'm sure that would be plenty to buy the lakers. meanwhile, other news. a woman suing venture capital firm kleiner perkins for sexual harassment says this morning she's been fired. the firm says she wasn't. she says she was terminated, told to clean out her office on monday. she's in the middle of that lawsuit against the firm. in a statement this moring, kleiner perkinses says the woman's still an employee but is being, quote, transitioned from the company. you can say

. >>> larry ellison is known for big purchases. the founder of oracle just purchased most of a hawaiian island now he's setting his sights on a major sports and entertainment. he is one of several people that have asked for the information packet on aeg. >>> it is a story you will see only on 2 as he takes the national spotlight. why a moraga boy who was denied his eagle scout rank will soon have more than 100 of the rewards. >>> plus yoga for children. the controversy surrounding a new program in southern california and why some parents want their kids pulled out. [ laughter ] [ girl ] wow. you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver. only from at

. >>> it is good, very good, to be oracle ceo larry ellison. he bought the island of linai and now he wants to turn it into sustainable living. he made the comments daughter interview with cnbc. he control also the golf courses and commercial buildings. he owns the thing. he also controls the utilities. he now wants to convert seawater to fresh water and his goal is to use solar power and electric cars on that island. ellison purchased the island of la nai earlier this year. slice heaven. >> forget the of. >> don't need it. hawaii. >> all right. 5:11. preparing for the big one. we're not talking about earthquakes. the unusual test taking place. [ male announcer ] with all your car does for you, he really wants to hear those three little words: chevron with techron. care for your car. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> welcome back at 5:14. there's going to be a whole lot of action on the san francisco waterfronts th

larry ellison is talking. we have exclusive interview. plus mexico versus u.s. in soccer.and blue has dominated red, white and blue. we'll look at the dynamics of that. >> we'll see you at 11:00. >> bye-bye.

join us tomorrow for larry ellison live from oracle open world in san francisco. "fast money" is now, and don't miss melissa with the traders giving us their top picks for tomorrow. see you tomorrow. >>> stocks open higher, but then something funny happened on the way to the final quarter. >> we are well off of the highs today on wall street as we approach the final stretch. i want to show you apple because part of the reason this market is coming off the highs is a decline in apple. >> what's the problem, traders? you're getting what you want. >> tell me where there's a central bank not printing money and, you know, i'll give you a lollipop. >> and the bernanke was in a particularly jovial mood today. >> i was once a member of the national bureau of economic research and called the 2001 recession. so i know how it happened. it sort of happens over a nice meal in a french restaurant. and there's a discussion of the data and everybody says, what do you think? yeah, okay. >> it's a final countdown. here's "fast money" on the fourth quarter. >>> live from the nasdaq

. >> also, why did oracle ceo larry ellison take out a $4 billion line of credit? maria bartiromo asked him recently, remember? >> if i wanted to buy something like the los angeles lakers, i could buy the los angeles lakers. they're not for sale, but -- >> but you'd like to buy them? >> sure, i'd love to buy the lakers. >> are the lakers really on ellis ellison's shopping list, or is he eyeing another deal in the sports world? very intriguing deal. stay tuned. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. when you take a closer look... ...at the best schools in the world... ...you se

. >>> and what is it really like to work with the excentric billionaire, larry ellison? that's all ahead on "the closing bell." [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. we have about 45 minutes left in today's trading session. let's give you a quick market stat check on the dow jones industrial average which is higher right now, although the early rally is losing some steam after federal reserve chairman ben bernanke defended the fed's loose monetary policy at a speech today in indianapolis. take a look at where we are at the best, dow had been up 161 points. that was the day's high in the morning session, as you can see, just about 11

. >> last night chief executive larry ellison kicked things off outlining his newest vision, a new cloud system that he says is better and faster than the competition. oracle already has a cloud system, but this new one is meant to go head to head with amazon and google. it runs through thursday. >>> 6:08 right now. coming up, the deportation decision keeping families together regardless of sexual orientation. we'll tell you about the major victory for the gay rights movement just ahead. >>> plus the race to the white house. candidates getting in some last-minute jabs before wednesday's big debate. >> reporter: and can you believe it, the a's magic number is down to one. they could seal the deal tonight. i'm christie smith. we'll tell you what still has to happen for that to happen for the oakland a's. >>> let's go athletics. but not so many didngood vie pr -- vibrations. the hockey lockout still has the sharks on ice. more talks this week, we'll keep you posted. ♪ ♪ we were skipping stones ♪ and letting go ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we kn