mark zuckerburg is set to make some facebook news today. there will be news event that is expected to be streamed live on facebook. it could be a video chat power by skype. burke said it will only be -- mark zuckerburg would only say it will be "something awesome." >> jane king has the bloomberg business report. good morning to you. >> good morning. i am not a big person on twitter. twitter is not going away soon. they are raising funding and the values will stop at nearly $7 billion. twitter has nearly doubled its worst since december. president obama holding his first ever twitter town hall today. the event begins at 2:00 p.m. today. he is expected to focus on jobs and the economy. the nasdaq popped higher yesterday. moody's downgraded portuguese deabt. automakers includingopal. the epa wants to sell gas and all that contains at least 50% of ethanol. some say this may damage engines and avoid warranties. in three americans now own a smart phone. july happens to be a national cell phone courtesy month. remember to keep your phone on fibere

. >> mark zuckerburg announced this week the video chat offering is the first of several new products they intend to offer in the next few months. stay tuned. many theme parks raised money this summer. regional theme parks often have lower prices than the national ones. some offer discounts on certain days of the week like wednesday's our son is. look online for special discounts. you can probably save the most money by driving to the park instead of flying and cutting back on those food expenses. they give you with the food. >> the end of the space shuttle program will hurt investors in florida. jane kane has the business news in the bloomberg business report. tgif. >> happy friday to you. we have had a couple of encouraging the jobs numbers lately. the latest survey says half of employers plan to hire in july to the end of the year. economists think it will show around 105,000 workers hired last month. futures are typically quiet. 7000 layoffs this year. as the space shuttle program comes to a close, many mom-and- pop shops fear what is ahead. businesses sure to take a hit. as for m

especially sis mark zuckerburg made that trip. nothing is confirmed.fascinating discussion. the question, should beijing be allowed to buy a part of facebook? fais beijings that cash. thinking of overseas assets for a while now. but would beijing seeking more internet control with such a deal? it's a big que

. >>> in about two hours, facebook will reveal what mark zuckerburg has already called an awesome feature. it will be a tablet app for facebooked. and there are even a few reports that it will be some kind of music service. >>> the number of di d.a. d.a. dui arrests went up this 4th of july holiday weekend. but the number of alcohol- related traffic accident were the same as last year. the chp reports 251 people were arrested for drunk driving between friday night and midnight. that's up 8% from last year. there was one traffic death related 20 driving under the influence, just the same as last year. >>> it is 8:07. we want to check in with sal castanedo to see what kind of slow problems on the -- slow problems are on the road. it's not been a good one. we have slow traffic on the been approach because of an -- on the bay bridge approach because of an earlier crash. it's beginning to loosen up. the metering lights were on extra slow for a while. now there is a big back up. 25 minutes at the toll plaza. san mateo traffic, there there is a delay because of a broken down truck in the left la

facebook boss mark zuckerburg told reporters his company will "launch something awesome."ipad app. on yahoo! people are( lo botox treatment for severe asthma. it is injected directly into vocal chords to keep from tightening up during asthma attacks which further resists breathing. >>> popular on google as well, the royal newlyweds' trip to canada. duchess kathryn wore a knee-skimming beautiful navy and white dress. a much larger crowd than the one for queen elizabeth last year chanted "kate! kate! kate!" it's 8:04. al once again has a check of the weather. al! al! al! >> hey! hey! hey! all right. we wanted to give you a bird's-eye view of this crowd from three stories up all the way from 51st street to 48th street, they are here for pitbull, t-pain, ne-yo and marc anthony. let's check your weather, show you what's happening. big one day, of course july 4th. pick city looking pretty darn good. satellite radar, not much going on. showers and thunderstorms back through chicago. for today there is a risk of strong storms in the upper mississippi river valley. otherwise, sunny