the america's cup for larry ellison? >> absolutely. i want to be part of a winning team and if it helps a team for win to me to get off the boat i want to get off the boat. >> rose: these new boats, is they're not without criticism. why is it necessary? some people say "it's not the america's cup. we've gone too far." >> people critized professional athletes going into the olympics. people don't like change. there was the corinthian spirit of athletics where professionals were looked down upon, only amateurs were allowed to compete. professional tennis players were banned from wimbledon. a lot of people didn't like the new metal racket where you can hit the ball harder. a bunch of people don't like the olympics now because we've added skateboarding and -- >> rose: well, it's different. this is not a modification, this is a draw dramatic change. >> well, i would say that snowboarding is a dramatic change in addition to the olympics. we're modernizing the sport. so it used to be -- i sailed a boat called "sayonara" that i

you can see charlie rose's entire interview with larry ellison today on "cbs this morning," also findhat ellison really thinks of larry page and google. "cbs this morning" today at 7 a.m. >>> the proposed hyperloop between l.a. and san francisco could be called bart on steroids. elon musk behind paypal, spacex and tesla motors is talking about hyperloop. it's a vacuum tube that uses magnets that could shoot people from san francisco to l.a. in just 30 minutes. he says it's not just a pipe dream. he claims it would cost a tenth of the construction expense of the state's proposed high-speed rail connection between l.a. and san francisco. >>> time now 4:52. a man uses his bare hands to drag a shark from the surf. more after the break. ,,,,,,,,,,,,,, >>> let's check out your microclimate forecast. how about if we head into fremont? we are going to see some "shush" there today, about 78 degrees -- we are going to see some sunshine there, about 78 degrees. >> traffic wide open at the bay bridge toll plaza. toll lane 11 is closed. wide open at the bay bridge pay gates. i'll have more traffic

francis and larry ellison. but it's a story that doesn't come along very often and i became became very enamored with the drama of the two men before i became interested in the america's cup. >> rose: egypt, russia and the america's cup when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin tonight with egypt. a state of emergency has been declared following a crackdown on supporters of president mohamed morsi. scores of people were killed after security forces moved into two protest camps today. two journalists, including sky news cameraman mick danee are among the dead. video of the clashes showed scenes of violence and destruction. >> today's events are deplorable and they run counter to egyptian aspirations for peace inclusion, and genuine democracy. egyptians inside and outside of the government need to take a step back. they need calm the situation and avoid further loss of life. >> rose: egypt's interim vice president, moha

jobs. >> all right, sharon, thank you. >>> and you can see charlie rose's entire interview with larry ellison tomorrow on cbs this morning on kpix5 starting at 7:00 a.m. >>> the america's cup international jury is investigating ellison's or call team u.s.a. for illegal modifications to its boats during america's cup exhibition races. oracle has withdrawn from the event and ordered to return the trophies it won. the team's ceo admitted that some team members made modifications to three ac45 boats. they did them without the knowledge of skippers or management. it came to light during an internal investigation. >> a northern california man is embarrassed and sorry for flinging fruit on the field near the end of yesterday's giants game. 42-year-old, alexander tells the mercury news he grabbed a banana from a catering cart and threw it out of disgust for the giants losing. it ended up near baltimore, orioles center fielder, adam jones who just hit this three- run homer minutes earlier. it became a big deal because jones tweeted he believed the act was racially motivated. >>> jones said quote, i wa

coming up this half hour why is larry ellison driven by america's cup. >>> then we'll speak with a journalist's quest for victory. >>> plus sarah gellar is with us this morning. >> he told the world, i have a grime. the anniversary of the march on washington is coming up but repair work may not be finished in time. the reason is a problem with the contractor's insurance. chip reid is on the national mall. chip, good morning. >> reporter: good morning, norah and charlie. as you can see, the martin luther king is not quite ready. the problem is the inscription that does not use martin luther king's exact words and critics say it puts him in a bad light. he's hidden by scaffolding and fenced off. caved into the side of him. rough reince to one of the last ones he ever made. >> yes. if you want to say i was a drum major, say i was a drum major for justice, a drum major for peace, i was a drama major for it. >> his words were i was a drum major for just tees peace, and righteous, so they would fit. maya angelou said id mate him sound like a twig. >> the entire meaning of the quote seemed to be tur

is larry ellison right, seema?not a positive thing to hear if you're an apple shareholder. however, in the last two years apple's competitive advantage in the smartphone and tablet space has changed. will this be different if steve jobs was around? maybe not. >> robert? >> yeah, you know, follow the finger. i mean, the direction there is pretty clear, and i think ellison is the most jobsian ceo in america in terms of the mad genius. these two were very close. he had a lot of insight into what made this company successful. i think he's right. >> very interesting. on to tesla with an iconic ceo, elon musk releasing his idea for the hyperloop, a high-speed above ground travel system that could take you from l.a. to san francisco in half an hour. check out the animation nbc created of the concept, so robert, would the hyperloop ever be built or does musk want to keep his name relevant? it looks like the trans-alaskan pipeline with people in it. >> i can't help but think that this hyperloop ends up with a rich dudes in

charlie rose of cbs "this morning" wanted to know what tech-tycoon larry ellison thought of privacy inge of the internet. ellison is ceo of oracle corporation, which makes a lot of the hardware that makes the internet work. his personal net worth is $43 billion, which forbes magazine says makes ellison the third richest american. charlie spoke with him in his home in california. >> reporter: where do you come down on what n.s.a. is doing? >> well, the great thing is we live in a democracy. if we don't like what n.s.a. is doing, we can just get rid of the government and put in a different government. i think (sighing) actually we've been collecting this information for so long -- long before n.s.a. was collecting it. let me tell you who is collecting it. american express, bank of... visa. all of your credit card data. all of your financial records. this whole issue of privacy is utterly fascinating to me. who has ever heard of this information being misused by the government? in what way? >> reporter: i hear you clearly. you're saying whatever the n.s.a. is doing is okay with me. >> it'

oracle ceo larry ellison calls apple doomed and google evil.dy sparking a storm of controversy but is ellison right? >>> "who made money today?" men's wearhouse is getting plenty of attention lately but one of its top competitors is grabbing the limelight and riches today. stay where you are. "piles of money" coming right up. ♪ (announcer) scottrade knows our clients trade a invest their own way. with scottrade sma text, i can quickly understand my charts, and spend more time trading. their quick trade r lets my account follow me online so i can rea in real-time. plus, my local sttrade offe is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcerscottrade. voted "best investment services" lori: no matter what time it is money is always on the move. shares of seaworld getting soaked after-hours. reporting a weak stirring on top and bottom line. seaworld primarily blaming costs to its initial public offering and debt related charges. it also lowered the revenue outlook for the year. >>> sha

my conversation with oracle ceo larry ellison. he is going after the titans including the founders of google. >> suddenly you think they're evil? >> oh, i think what they did was -- >> larry page? >> 100% larry page. >> only on "cbs this morning," an interview from silicon >> announcer: this portion of "cbs this morning" sponsored by choice hotels. the official hotel of summer. book direct at choicehotels.com. k9 advantix ii not only kills fleas and ticks, it also repels most ticks before they can attach. the leading brand kills, but doesn't repel. a tick that isn't repelled or killed may attach and make a meal of us. get veterinarian recommended k9 advantix ii! [ girl ] the only thing anyone really cares about is that first day. everyone will be stylin' their faves. love that! but i'll be bringing it every day, 'cause i went to jcpenney. anyway, what's your first day strategy? [ female announcer ] come find your first day look at jcpenney. dad they're charged. good evening. i am the glow-bot. (giggle) i will charge you. wowwwww!

the company did something similar with spirit airlines in 2011. >>> oracle's ceo larry ellison says applehe same without steve jobs. in an interview on cbs, ellison says the company under current ceo tim cook has lost its core. >> i'll say it publicly. he is ear replaceable. i don't see how they can -- they will not be nearly so successful because he's gone. >> ellison and jobs were very close friends for some 25 years. ellison admits he is not the similarry ellison, either. he tells charlie rose he mellowed with age. you can see his interview on "cbs this morning." "cbs this morning" today at 7:00 right here on kpix 5. >>> the america's cup jury is investigating ellison's oracle team usa for illegally modifying boats during last year's america's cup world series. oracle has retroactively withdrawn from the event last year and last april. the team has also been ordered to return the trophies it won. >>> you might call it bart on steroids. elon musk the man behind paypal, spacex and tesla motors is talking about the hyperloop. he unveiled his vision yesterday. basically, it's a vacuum tube

plus, we have a rare sitdown with oracle's ceo an billionaire larry ellison.hy he told charlie rose that apple's best days are in the past. and why he said google has done an evil thing. and the winner of sunday's pga championship jason dufner will join us and charlie and i might do a little dufner-ing. the news is back in the morning. we'll see you at 7:00. >> dufner-ing. i like that. >> he is a quiet guy but a pga champ. it's all good. for ro o'donnell, thank you. >> reporter: great golfer, great victory. take care. >> are you a big golfer? >> huge golfer. >> are you good? >> no! [ laughter ] >> i hear frank is. >> i have seen your game. >> yes, you have. >> he speaks the truth. >> i have a lot of game just all over the course. >>> hey, guys. around the bay area today patchy fog to begin with early on. not as thick as yesterday so i think all signs pointing toward more sunshine as we head in toward the afternoon and looks like warmer weather for most of us even hot inland. near seasonal temperatures maybe slightly above the average for now and over the next

>> exactly. >> get out of my chair. >> this is -- this was fascinating. >> yes. >> larry ellison doesn'tyou've talked to all these guys larry, larry page steve jobs. >> and bill gates. >> what surprised you the most? >> that he did the interview first but the wide range. the cup. his opinions about google apple. everything. he's a man who's outspoken, candid, always controversial, and what he said about google i thought was surprising. he engaged in a lawsuit with them about java which is a very interesting controversy about something that was designed and developed at sun microsystems that oracle now owns. >> larry is not over it. >> no, and i think he's still engaged this very difficult legislation. but he also is a guy who's -- he's a fighter. he comes out fighting with everybody. he's had very controversial relationships with bill gates, for example. that's kind of meloed. and others. >> people may not realize how close he was with steve jobs. >> the closest. the thick is he offered to buy apple before steve rejoined the firm. steve said no and they enabled somebody else to help them

what did you make of larry ellison? he was quite specific of the current leadership at apple?aidhat he likes ceo tim cook but they will not be nearly as successful. he wasaying similar stuff last fall but was more negative today. last fall he said i think the company ill thrive. now he says think they won't be nearly as suck es sesful. the implication they won't throw at all. lori: do you agree, rob? good to sigh at you will. shares of apple have falle 25%. is ellison correct? >> he is. appleas designed around steve jobs unique skillset. each person was selected to do things, including tim ck that steve jobs didn't want to do. steve jobs is ge. they didn't backfill him. they put the guy in to do stuff steve jobs didn't want to do as head of the company. it isn't working well. you like having the mechanic drive the car and you won'tin races. >> he sees shares valued $625, apple shares, calling for initial share buy back from carl icahn. is this interesting about the timing of carl icahn coming in today afterllison made the disparaging remarks? >> stock has been on the march for

in the meantime, ignore the sue in apple stock to hear larry ellison tl it. aying it is all friend and buddy steve jobs were around today an el might hav have -- ae might have a shot, but steve is dead, larry says so ii apple. >> under steve jobs, they went om desktop to mouse to ipod on iphone and ipad. larry i think he called steve jobs picasso. he is aisionary, and quite entrepreneur. so, apple will lead leadership to innovate. if in a don't innovate -- innovate, and they just come out wi iphone 6, 7, 8, 9 and 10 they need to innovate. neil: that depends on what they look like down the road? >> most defnet please, i get it what -- dinitely, i get it what larry ellison said, there is no person more tied to that company than steve jobs, he turned company into an amazing company. will it be tough to replacement if they did not come up with cool items,nd things that people really want and clamor for, i think he may be right. neil: do you think, given come back -- nowhere nr 700 bucks it was fetching a while back, but up a hundred bucks from its lows, what are w

larry ellison is sitting on $43 billion -- >> [inaudible] [applause] >> [inaudible] [cheers and applause] >> good afternoon supervisors. my name is dave canner and the acting director for seiu 1021 san francisco. i want to start by saying it's really unacceptable that the community has to be out here begging every year and yet private for profit contractors never have to do this. that is absolutely unacceptable and i think that's a struggle we're going to need your support in fixing in the coming years. it's just unacceptable. i want to speak about the -- where we think some of the money could be found to fund the services that these folks are providing. the systems commission is submitting to you 2014 insurance renewal rates within the coming days. now negotiations between kaiser and hhs staff has been [inaudible] so far and they use proposal which was the last offer. with kaiser refusing to negotiate for month hhs staff has outlined the issues for you folks to consider when this comes to you. members have trended younger and healthier and requiring fewer services over the past seven ye

who's going to challenge larry ellison and his oracle racing team? we've got some answers today. >>> i'm scott budman. you're used to teslas looking like this. but check this out. coming up, why the smashed-up cars are getting the attention today. and what it might mean for future sales. >>> good evening. i'm jeff ranieri in the weather center. fog rolling across the bay area but finally clear skies across san jose tonight. we'll have more on weekend weather coming up. here's a sneak peek if you're heading out. temperatures in the 80s this saturday and sunday. >>> if you spend $100,000 on a car the last thing you want to see is your car being smashed to bits. >> that's what tesla owners got a chance to do today. let's bring in scott budman. even a baned-up tesla is valuable. >> you're right. most people what they're looking for in an expensive car and they'll tell you safety is near the top of the list. after watching their cars get smashed, tesla can add five-star safety to its features. this is how you typically see teslas. driving around with all

oracle's ceo larry ellison defended america's cup on national tv.an exclusive interview with charlie rose of "cbs this morning" ellison countered critics who think that the sailing race is just too dangerous. >> reporter: we have to have fast modern boyce boats. it has to be a popular tv sport. it has to be attractive to kids. >> reporter: and it has to be risky. [ pause ] >> it has to be a little risky. it has to look a bit risky. >> stay tuned to "cbs this morning" for much more on charlie rose's interview. you can here what ellison says about people who think he changed the sport of sailing for the worse. "cbs this morning" starts at 7 a.m. right after our newscast. >>> after 34 years a redwood city landmark is about to shut down for good. malibu grand prix fans it's been there for years offering mini golf, go-kart racing other fun activities since 197 the. since earlier this year the owner has been on a month-to-month lease. >> the lease came up, we couldn't come to agreement that would allow to us stay. >> not clear yet what will become of the

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. >> do you know who larry ellison is? >> absolutely not. larry ellerson?>> has the america's cup been good for you?. >> no. it's been a pain. >> frank is a third generation fisherman. let him count the ways. beginning with detours every time he takes tourists out on the bay. >> we have people that want to go on road rides to see it. none that have happened. >> surprise, surprise. >> nor has many dollars. >> the number some whisper about is 30% less. >> only two votes out there. not a lot to see. >> he runs a famous restaurant for a sign on the street. summers are good but this one supposed to be great. >> if you expect more but get less but more than you would have had for certain until the final vote comes in. >> back to smooth shopping. what if there is a way to swap your old stuff for something new? >>> what if we told you it's possible to put together back to school supplies and maybe their clothing for nudge something. >> free? >> yes. >> free is g michael finney is here to show us how to do it. >> i don't like to spend money. with a little luck, you

. >> the winner will race new zealand to take on larry ellison's boat for the america's cup in september. >>> the hollywood treatment for the princess of wales. the new trailer that offers clues into her new biopic. >> and are you ready for a little football? we are just a day away from some 49ers football. defending nfc champs taking on the denver broncos tomorrow night at 6:00 and you can watch it here on kpix 5. ,, ,, do you see the 10% back in points, aw baby, i'm seeing triple again. plus another 10%, plus free shipping? yeah. you're good. this is the member triple play deal. this is sears. [ hero mom ] oh, yeah. we're gettin' cereal. 'cause over 40 general mills cereals are 130 calories or less per serving. just look for the g. boom! that's how nutrition is done, people. [ laughs ] ♪ [ female announcer ] hey ladies. you love it. you've got to have it. cinnamon toast crunch, 'cause that cinnamon and sugar is so irresistible. everybody craves those crazy squares.® living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you co

carl icahn actually made closer to $150,000, and larry ellison of oracle made more than $96 million when you add in bonuses and perks. an investigation into price fixing of a baby formula is coming to a close. mead johnson nutrition company will pay $33 million for its alleged anti- competitive behavior in china. infant formula from the u.s. and other countries is highly valuable in china ever since tainted baby food showed up on the chinese market in 2008. would you buy a monet or renoir from amazon.com? the online retailer is betting you would, listing more than 40,000 works of fine art, some with price tags above $1 million. there are other works from other artists with prices in the $25 to $100 range. coach passengers on jetblue are going to have a tight squeeze soon. the airline is shuffling around its seats to make more room for beds that lie flat in its first class cabin. coach passengers will lose an inch of legroom. jetblue is attempting to lure business passengers who often pay the highest fares for last-minute flights. still to come, how to invest in sectors that are facing a

. >> do you know who larry ellison is? >> absolutely not. larry ellerson? the america's cup been good for you?. >> no. it's been a pain. >> frank is a third generation fisherman. let him count the ways. beginning with detours every time he takes tourists out on the bay. >> we have people that want to go on road rides to see it. none that have happened. >> surprise, surprise. >> nor has many dollars. >> the number some whisper about is 30% less. >> only two votes out there. not a lot to see. >> he runs a famous restaurant for a sign on the street. summers are good but this one supposed to be great. >> if you expect more but get less but more than you would have had, maybe we won't know for certain until the final vote comes in. >> back to smooth shopping. what if there is a way to swap your old stuff for something new?úo female narrator: the mattress price wars are on the mattress price wars are on at sleep train. we challenged the manufacturers to offer even lower prices. now it's posturepedic versus beautyrest with big savings of up to $400 off. serta icom

larry ellison warns that apple will continue to drop without steve jobs running the company. the ground at this hour working to determine why a ups plane crashed in alabama. breaking news that we are still following for you right now. the new york times website is under a cyber attack. let's bring in lawrence simonetti from the floor of the new york stock exchange. >> stock is down by 1.4%. the website of the times is under cyber attack. we have reached out. no response just yet. officials have been huddling with outside security professionals to assess the threat. that stock is down, as is the overall market. the ten year yield, by the way, is flat right now. cheryl: thank you very much. appreciate it very much. we have more on the market now. your office is pretty bullish on equities. i was looking at this article. they were looking at valuations now versus back in 2007. stocks are overvalued now just like they were in 2007. are you seeing any signs of that? >> we are probably overdue for a correction. the overall market is 16 times. a lot of them are nine, ten, 11 times. w

not even larry ellison can bring this apple downch the stock hitting a six-month high and, okay, she's over. everyone go home. it's back to business for jcp. yeah, the business of bringing customers back and you, too, can be your own little nanny state to remotely check in on your house, your kids, your pets, your office. whatever you like is drop cam the next big thing. hello, everybody. we begin with the developing story. the justice department putting ground stop on the merger between american airlines and u.s. airways. it all comes just two days before a bankruptcy judge was about to okay it and six months after it was first announced. let's get straight to cnbc's phil lebeau. you're covering the story since it broke, phil. how unexpected was this. >>? >> very unexpected, mandy, and now we can look forward to perhaps a protracted legal fight in court. just heard back from u.s. air and amr within the last hour, both of them saying, hey, we're going to fight this doj suit to block us. they are issuing a statement saying we'll mount a vigorous defense and pursue all options in order t

in a rare interview charlie rose asks internet tycoon larry ellison just who is collecting our private. >> let me tell you who is collecting it. >> pelley: and terrell brown with 16 garage workers who won the lottery. how did they feel? >> we're very happy, happy, happy. some of my friends would say.

. >> the winner of the italy- sweden series will race new zealand for the chance to take on larry ellison's boat for the america's cup in september. >>> america's cup one of the many events this week that could cause traffic trouble. there are concerts at the america's cup pavilion as well as the outside lands music festival and giants games. the city is hoping people will use public transportation this weekend when they come into the city. buses will run every five minutes from the civic center bart station, golden gate bridge park and at&t park for the giants. the city will have extra officers directing traffic at busy intersections. >>> and the golden gate larkspur ferry is offering free rides during off-peak hours this month. anyone can get on a boat from the ferry building in san francisco head over to larkspur landing. after you get across the bay you can pick up the free return ticket from any of the country mart stores there. the injured to get people to sample the ferry. >>> fbi agents are zeroing in on several dangerous bank robbers in the bay area. authorities call this guy the u

is owned by software billionaire larry ellison.athon bombing was four months ago today, and two of the youngest victims were from the richard family. eight-year-old martin was killed; seven-year-old jane lost her leg. well, today, the family put out this photo of jane walking on her new prosthetic leg. in a blog post, they write that she is a source of inspiration and exhaustion. the loss of her leg, apparently, has not slowed her down. this was a real treat in the newsroom today. scientists at the smithsonian announced the discovery of a new species of mammal. it's called an olinguito, and you can find it jumping from tree to tree in the forests of ecuador and colombia. turns out you could have found one back in the 1970s at the national zoo in washington-- problem was, she was misidentified at that time as a member of a sister species, an olingo, which explains why they could never get her to mate with other olingos. guess they didn't speak the same "o-lingo." that will bring us to the bees and what bees can do to help turn lives

. >>> larry ellison defended his beloved america's cup on national tv. exclusive interview with charlie rose of "cbs this morning," ellison countered critics who think the sailing race is too dangerous. >> we have to have fast modern boats. it has to be a popular tv sport. it has to be attractive to kids. >> reporter: it has to be risky. >> it has to be a little bit risky. >> stay tuned to "cbs this morning" for much more of charlie rose's interview. hear what ellison says about people who think he changed the sport of sailing for the worse. "cbs this morning," remember, starts at 7 a.m. >>> it is 4:52. too sleazy for hooters? the one california man the chain says it won't serve. >> the bedroom door and i had to wake my poor husband up. no longer poor. >> hear from some of the winners of the massive powerball jackpot about why the millions mean so much. ,,,, banned from hooters. the owner of the four san diego-area hooters restauras says t >>> san diego mayor and accused sexual harasser bob filner is banned from hooters. the owner of the four san diego a

i want to get back to larry ellison.charlie rose that apple was not doing so good without steve jobs. how is it doing this morning. >> apple is 8% of the nasdaq of the that is one of the reasons the nasdaq was up a little bit yesterday when the dow and s&p were down. apple is down 1% to 471 this morning. this is a stock when everything is up big-time, apple is down 12% in 2013, charles. charles: although mounting a pretty nice stealth rally in last couple of months. >> it certainly has. everyone is expecting september 10th, new iphone, it will have fingerprint security. what else we're getting excited about it. there is competition out there and apple is a different company without steve jobs. charles: i think we all agree to that thanks a lot. we have two big names that you know right now. look at them. tesla shares, getting a bump from ceo elon musk. his plans for mass transit of the future. every time musk is in the news all his stocks roushly go up. activist investor bill ackman is not having a great year. he resigne

oracle team usa owned by larry ellison.oracle acknowledged three smaller catamarans were illegally modified by having weights added to them. management denies knowing anything bit but the denial doesn't ply fli with other skippers. >> i know everything about my team. i know every screw that goes on the yacht on my team. so i'm surprised about that. but maybe they're not on top of their teams the same way. >> the they can fine the team or forcing them to forfeit a race. it can take the drastic step of disqualifying oracle from the championship race chz begin on =ú september 7th. patel in for spencer. >> weekend almost here. so we'll keep warmth going but there is a going to be a change. tomorrow, cooling off. then we'll talk about the weekend running high. muggy in san jose. 62 in fairfield fchl you're feeling stickiness it's not normal here in the bay area. beautiful view there. sunny skies still. temperatures 58 in san francisco. mild in oakland. and mountain view into the 70s. half moon bay, 64 degrees. this is what it l

oracle team usa owned by larry ellison.oracle acknowledged three smaller catamarans were illegally modified by having weights added to them. management denies knowing anything bit but the denial doesn't ply fli with other skippers. >> i know everything about my team. i know every screw that goes on the yacht on my team. so i'm surprised about that. but maybe they're not on top of their teams the same way. >> the they can fine the team or forcing them to forfeit a race. it can take the drastic step of disqualifying oracle from the championship race chz begin on =ú september 7th. patel in for spencer. >> weekend almost here. so we'll keep warmth going but there is a going to be a change. tomorrow, cooling off. then we'll talk about the weekend dew points have been running high. muggy in san jose. 62 in fairfield fchl you're feeling stickiness it's not normal here in the bay area. beautiful view there. sunny skies still. temperatures 58 in san francisco. mild in oakland. and mountain view into the 70s. half moon bay, 64 degre

people like larry ellison question that. >> we have to talk about what ellison said. >> yes. >> and i look at one of my favorite symbols lvb, the steinway musical, and you know that is ludwigbeethoven. yesterday, we learned about a deal that was entered into with a firm that has been identified as paulson and company which is a hedge fund that does not typically per sue private equity deals, because coal vert h-- co had the right to buy, but passed. i don't know if he is a music aficionado, and if there are musicians in the hallways of paulson and company, but interesting choice. >> is that like guying a "washington post" a business? >> well, everything is a business and i have the yamaha and i would pay up. >> well, the stock is down? because perhaps hopes that he would come back and talking about a $500 million company. >> it was shocking to people, and carl quintanilla did an amazing interview with him at the alpha conference, and paulson is talk about the ginnette and when they buy things. >> yes. >> and ub likes ra s ravion and steinway and roll over beethoven. >> yes, indeed. "r

international jury now investigating cheating allegations against oracle usa, the team owned by larry ellisonofficials acknowledged that three of the smaller catamarans were illegally modified during last year's warm up races for 34th america's cup. all boats had weights added to them. oracle management denies knowing anything about it i know everything about my team. i know every screw that goes on the yacht. so i'm surprised about that. but maybe they're -- they're in the really on top of their teams. if they're saying that. >> the jury can sanction oracle and can take the drastic step of disqualifying from the america's cup. >> a san francisco man being thanks in part to the intervention of senator dianne feinstein. is he an expert on africa with a phd from stanford, last week arrested over this dispute over a piece of checked luggage. his wife called senator feinstein's office and yesterday, got clearance to leave the country. >> a bizarre ending to a high-speed chase. a day after she allegedly stole a car with a child inside. that chase reached speeds of up to 80 miles per hour. another

. >> do you know who larry ellison is? >> no.>> speaking of sorry, they expected an economic bump but surprise a famous restaurant with her name out front. >> i think what people projected what happened this summer for america's cup did not materialize for that. >> that doesn't mean they're losing money? >> there is a race going on out there. >> if you expect more it's more than you would have had. >> is that what you got? >> maybe is a five letter word describing eight-figure expectations. wayne freedzman abc 7 news. >> coming up we're going to show you the new lego display that set a world record. >> plus, he pulled out stops inspirational speech one college student has for freshman that is now gone viral. >> today 7 on your side q and a just ahead so i'm still taking your questions. you can contact me on facebook.com abc 7 and on twitter i'll answer questions here live in just a little bit. >> looking across the bay area, breezy easy day of summer. i'll let you know what is coming our way next in just a moment. >> taking a loo

commanding 4-1 lead in the seriesfirst to seven wins advances to next month's america's cup to face larry ellison's and denied everyone see at 11 tonight everyone

. >>> an investigation is underway in san francisco over charges of cheating by larry ellison's oracleeam u.s.a. officials found extra weight in the team's sail boats that were used in what was called the world series races. that weight by some reports about 5 pounds could have made those boats a little speedier, oracle has withdrawn from those races, retroactively. >>> officials have identified a man who died in a jet-ski crash. the accident occurred yesterday afternoon near bethel island. the coroner identified the victim as 57-year-old andrew whitney of pioneer. his jet-ski and another person's waverunner slammed into each other. both operators had limited experience driving the crafts. people new to jet-skis and other personal watercraft may not realize, you lose all steering when the trotle is released. they take time and distance to come to a complete halt. officials say it is also dangerous to follow other vessels too closely, jump their waves, or make other sharp turns. >>> a san jose teen is struggling with physical and emotional pain after a car crash that killed two of his b

the warm up he's >>> an investigation is underway in san francisco over charges of cheating by larry ellison'steam u.s.a. officials found extra weight in the team's sail boats that were used in what was called the world series races. that weight by some reports about 5 pounds could have made those boats a little speedier, oracle has withdrawn from those races, retroactively. >>> officials have identified a man who died in a jet-ski crash. the accident occurred yesterday afternoon near bethel island. the coroner identified the victim as 57-year-old andrew whitney of pioneer. his jet-ski and another person's waverunner slammed into each other. both operators had limited experience driving the crafts. people new to jet-skis and other personal watercraft may not realize, you lose all steering when the trotle is released. they take time and distance to come to a complete halt. officials say it is also dangerous to follow other vessels too closely, jump their waves, or make other sharp turns. >>> a san jose teen is struggling with physical and emotional pain after a car crash that killed two of his

larry ellison called steve jobs irreplaceabl irreplaceable. >> we will not be nearly so successful because he's gone. he was brilliant, our edison, our picasso. >> picasso's gain value is at an age apple's losing market share to doingle's android, google's operating system that runs on sam suction, tdtv and their motorola. it's cheaper than iphone and am is losing out on a huge customer base, thus the buzz on a possible low cost base that should be out september. apple is poised for a comeback but the grandfather to the iphone isn't. remember these? just five years ago, blackberry had more than half of the smartphone market. today, 2%, lagging way behind its rivals. it's designed to appeal to consumers but so far it hasn't caught on the way the company hoped. now, blackberry says it may be put up for sale. what will it be selling? loyal user base, reputation for security and patents, could be worth $1 billion by themselves. >>> apple changes our lives ourselves and everyone is wondering about the movie of steve jobs. what about the actor playing steve jobs? the business of being ashton kut

larry ellison predicts apple is doomed without cofounder steve jobs., he was clear about what he was thinking? >> he was. he doesn't mince his words and made it clear he thinks apple could be lost without that cofounder steve jobs. in the interview where we learned this, chris, was with charlie rose. i've got a little except for you so let's take a listen. >> so what happens to apple without steve? >> we already know. >> what? >> we saw. we conducted the experiment. we saw apple with steve jobs. we saw apple without steve jobs. we saw apple with steve jobs. now we are going to see apple without steve jobs. >> so ellison and jobs i should say were close friends. nonetheless in terms of the stock today, apple is back above 200 and moving average for the first time this year and hitting a six-month high. so clearly, at this stage, is not having a negative impact. >> maybe much anticipation for the upcoming new iphone. everybody is buzzing about billionaire inventor here. >> i would be the first person to put my hand up and dogo. he was the cofounder of pa

larry ellison hinting apple won't do well without steve jobs. >> ellison and jobs were very close. emily son is going to make those comments in a taped interview with charlie rose that will run later this morning. according to the transcripts of the interview, ellison says we already know what apple looks like long term without its founder. he points out apple fired jobs back in the '90s and the company barely survived. >>> lots of praise this morning for elon musk and his hyper loop idea. if not for the fact kalt of it, at least his imagination. musk unveiled drawings and specifics on monday afternoon. he is always thinking big. among those weighing in, retired outfielder jose canseco who suggested if we vacuum seal the first ten miles, we could double the speed, make bigger pods he wrote. jose is probably looking at retail sales, maybe looking for a third of percent rise month over month due to better auto sales. seema mody is live at cnbc headquarters. >> futures are higher. today look out for retale sales which could offer clues on the spending appetite of consumers as well as