mattel is the opposite. the majority of mattel's business is aimed at girls.ust barbie, but also monster high, which is new and very popular with the kids. it's growing like crazy. the great thing about being a toy company that's focused on girls is that it means your business is a lot more consistent. mattel doesn't live and die based on whether it bets on the right movie franchise because there will always be little girls who want barbie dolls. hasbro is different. about 42.5% of their business is oriented towards boys. and boys are not reliable. hasbro has been doing well lately thanks to the avengers, which came out earlier this summer. and toy sales for the new spider-man movie have started off strong. but they're up against really tough comparisons. last summer there was the big transformers movie and hasbro crushed the numbers in toys. even though hasbro's boy business is doing well in absolute terms, it ain't doing well at all relative to last year. in fact, it was down 16% last quarter. people don't think oh, well, maybe it was strong last year. they

that's hasbro versus mattel. this is one of the most destruct ive pieces and you're going to have fun with it. hasbro owns the transformers, g.i. joe and my little pony. mattel has a similar deal with d.c. comics, meaning they can make the merchandise for the new batman movie which just had a huge opening weekend and they control some of the strongest toy brands on earth. we're now approaching the most important part of the year for the toy companies. for just a huge chunk of sales. as a matter of fact, all you care about is that quarter to some degree. which do you buy? this throwdown does seem to be about as evenly matched. hasbro is the second larnlest toy company. both companies recently reported better than expected quarters. hasbro yesterday, mattel a week ago. they each have big dividends. don't forget, if a stock goes down, the yield goes higher. so which is the better stock? maybe we should just have the action figures go at it, see who wins? actu when you drill down, mattel beats hasbro. not because the

. >>> mattel shares hitting new highs today. they're doing it because barbie is doing a little downsizing. [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer on the powerful c250 sport sedan. but hurry before this opportunity...disappears. the mercedes-benz summer event c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! is now within your grasp with the e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news,

look at mattel and hasbro. to date, it's been no contest. >> you're right.el is up mid-teens percent year to date and we think despite hiccups tomorrow morning, the trajectory is positive. >> who has the standout product to think about five, six months out from christmas? >> it's always the hit product but it's the belly of the curve that really translates in to real earnings power for these guys. there are great products to see. toy fair in february, mattel with the monster high brand and met with very strong reception at retail. hasbro with the nerf stuff, there's a fantastic almost a night vision for kids to see with sports balls that really great. but it's really keep in mind looking at these from the invest standpoint, the belly of the curve drives it. >> they're recession resistant to some degree but do you think you'll see trade down and margin pressure with both of these stocks? >> actually i don't. the reason they hold up so well is 80% of the products are actually still below $25 so, you know, again, some of those key, you know, high price point ge

mattel says that's thanks to strong barbie sales and toys tied to the new batman movie. and in today's "e.t.f. market flash," the standout here: the emerging markets e.t.f., up almost 1.5%. and that's tonight's "market focus." >> susie: as we continue our look at immigration and the u.s. economy, we take on a key issue for manufacturers: keeping jobs here in the u.s. a new pbs documentary called "homeland: immigration in america" shows the issues facing one small missouri town as it tries to keep jobs here. >> at the height of the recession in 2010, the unemployment rate in monett was 2% better tonight national average. housing prices remained stable, but this is not a wealthy town. poverty rate is high. getting by often requires two or more jobs per family. but there are opportunities for upward mobility because monett is not a one factory chicken town. he quit tyson and came to work at efco industries, a factory making pella windows and doors. >> we're the largest employer in monett. so obviously we're pretty important to monett because we offer over 1200 jobs to peopl

i would rather watch mattel come down and pick up mattel. that was a great quarter and hasbro has let us down in previous quarters. rich from my home state of new jersey. rich? >> caller: boo-yah, jim. mosaic was up 5% today. fertilizers have run a long way in the past three or four weeks. what do you think of a small corn fertilizer namerentech nitrogen partners? >> you got to go with the potash here. by the way, this corn crop is going away in this country. and people don't talk about it enough, what is happening. and the farmers can't go buy farm equipment, but fertilizer is going to be king. and as much as i don't like to recommend red hot stocks, potash is going higher. anger? i feel it, i sense it, it ain't making any money. throw barbs at me, okay? throw them at the market. as long as there's money to be made, check the anger to do some buying. "mad money" will be right back. >>> coming up, fun times ahead? it might be a roller coaster market, but shares of amusement park operator cedar fair have risen almost 50% this year. cramer is

. >>> and mattel is better than 10%. abercrombie and fitch up to a third. walt disney up better than 4% and gap is up better than 1.72%. i don't spend money on gasoline. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> time to analyze this with danny hughes,

mattel jumping thanks to better barbie sales. >>> not all news is good. excitement over yahoo!'s new ceo initially drove shares higher but by day's end they slipped lower. intel, the chip maker reduced its growth forecast after the bell. >>> and, finally, a recently divorced oregon woman with two children is using unusual marketing to sell her home. a "for sale" sign in her front yard reads, husband left us for a 22-year-old. house for sale by scorned, slightly bitter, newly single owner. as for buyers, she only has one criteria. the sign also reads, no adult ters need not apply. >>> coming up the white sox strike back, an injured hurler makes a full recovery, and why mascots should stick to cheering. >>> plus, one oriole crashes and tumbles in a good way. your early morning sports headlines are straight ahead. >>> in the great lakes and the northeast get some relief from the heat wave at the expense of some very strong thunderstorms. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports they o

///mattel... promised... to... make... beautiful and bald"... friends... of barbie. a...ds... lack of exercise.../ is... just as deadly as smoking.../.studies... find... that... one... in... 10 deaths .../ are... blamed on illnesses... caused by... lack of exercise.../ . the... same number... as... smoking deaths.../. when... people... don't exercise... / they're... more likely... to die ... from... heart disease, .../ diabetes, .../ and... colon cancer. attention.. shoppers! no... more... store clerks... at... j-c penney's. penney's... is... replacing them... / with... hi--tech...//. customers ... will use... self-checkout... machines... like those ...in... grocery stores..../..they're ... also planning... to replace... bar codes ...on... price tags... with.../ radio frequency ... identification... to... make purchases... faster....// they... hope... to... make these... changes ... by 20-14. if... you... drive... a... 20-13... ford escape... //// ford... says... some of the s-u-vs... have a defect... in the fuel line... that can ... catch fire.../.it's... recalling... ne

. >> this morning's homicide at the oakland starlight mattel makes three. three in the past two days. 7¢ friday. and 63 k this year to date. the numbers are disturbing and nothing to celebrate. >> i mean, that young and someone like that? it just ... it could have been one of my kids. >> but there are even worse numbers according to the oak hill police officers association. >> we arrested hundred 42 officers today, that is 30 percent less than where we were in 2009 and only half of where major study suggests we should be. >> he says the solution is obvious, get more funding and get more officers. but what it is not obvious is where in oakland is it safe? >> crime is increasing unfortunately right across the city. criminals feel emboldened given the fact that there are so few officers on the streets and ucf shooting and jack london square, five people shot outside of the cinema? that is incredible. >> most feel safe in rock ridge but neighbors are still watching their back. >> it is so overwhelming. the whole crime rise and everything. and i think that oakla

van ness for decades has been a sight of a major office building and mattel, a block square of buildingshousands of people per day, so, yes, this will be incremental bum 0 to some high threshold. this is an important side, as the hospitals have been appropriate neighbors the route that side of the city, but we have the opportunity to build this at the right place, at the right time, and i urge you to recommend your colleagues the approval of the resolution that is before this board and the committee today. thank you. next speaker. >> hello, my name is -- and i support the you rebuilding. i add that several jobs in the city and outside of the city. i have served on community boards and even raise a child in the city, and all of that i have done without owning a car, so i want you to know that it is possible to rely on your legs or walking and relying on the muni and an occasional taxi cab, so i speak in particular about the comments that some of the opera -- opposition made in terms of vehicular access and congestion on van ness. many projects in the city have been killed or could have be

consolidation the russian firms on a spending spree recently buying call units from the likes of on your mind mattel invest and europe today we'll have more for you next all right daniel thanks very much indeed for this update and more on money shortly as we discuss fraud of bankers and the kaiser report for that though they have lined stay with us. wealthy british style sign some time to the time. market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into cars a report. there hasn't been anything yet on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we took. we wanted to present. something else. the world to the true science technology innovation all the news developments from around russia we've dumped the future covered. in school start. here before going global and now it's fully viral. log in. to the right to. choose your place take your stand. meet the movement. make your statement. spread the word. occupy wall street and

he was staying at the plaza mattel. my meeting was like at 2:00 p.m. i do not want to be late. i was really nervous. i got there like at 7:00 a.m. in the morning. i see a pay phone, 1975, no cell phone. i went to the pay phone and call billy crystal. he had been talking to lorne about the possibility of being on this new show. i said, do you have any hints you can give me so i can have a leg up in this meeting? he said, well, he used to write for woody allen. he used to produce monty python specials. oh, and he hates mimes. lorne hates mimes. the bulls up a chair and give him this poem with 1100 jokes in it. he opens it. he reads the first joke. egos, u -- he goes, uh-huh, good. then he closes the book. i wrote 1100 jobs over two days, and he reads one joke. i wrote a jokes and the post office was about to issue a stamp commemorating prostitution in the united states. 10 cents, but if you want to lick it, it is a quarter. [laughter] he said, good. good. he said, tell me, how much money do you need to live on? i said, well, i am making $2.75 an hour at the deli. match it. [laugh

mattel invest in europe today with more for you next hour in india we are thanks very much indeed danielle and see you next hour let me time i'll bring you the headlines here on r.t. . one needs of spare time to obtaining inner peace and spirituality. pressman chip and creativity require special conditions. are met accuracy and knowledge on the attributes of some of the duty here. those who are behind bars get freedom of self-expression. there are those who desperately need it to survive. the spoken visit on give money to on the lookout to follow on building the fish. and the suppresses the cries the rights of the. first new clothes of those who don't get their share of the traits. good by downloading god's. grace and you don't don't last but not the one not us at the committee or by you know about it i mean not look at it it. from the company from. the those who suck it out to prosper. inside the cities and say. coming up from a. box of. nice licenses. no one can live without it's in one of the largest blood banks in the world. blood of nigeria. on our t.v. . emission free accreditation f

he also showed his comedic side story in the early 19 '60s television comedy mattel's navy.of the alameda county fair a special tribute to a jockey to let the race. a fourth race at the fair was dedicated to the 33 year-old jockey who died after being thrown from his horse during the last rays of the day thursday. the well-known bay area jockey rode the winner in yesterday's memorial race and says it is a risky job. >> we don't have a roll cage and the forces are big and strong and on awful fast. things happen, there are just some things you cannot make plans for. >> he had won 56 races since 2004, food vendors at the fair grounds raise money for donations towards his funeral. >> in health news, a new study finds the hpv vaccine infection rates among young women who are not infected. infections dropped 69% in vaccinated women and 49% in non vaccinated women. researchers say that this is the first study to show her protection which happens when a large number of people are immunized against a contagious disease. and pets may actually improve a child's health. a new study find

consolidation russian firms on a spending spree recently buying broke all units from on all mined out mattel invest and europe today probably will have more phoenix down very good i know thank you. in just a moment i'll be back with the headlines and then we'll be further discussing the political crisis in syria certainly the action by heating up a lot as every day goes by we'll see you in just a moment. nearly a billion people in the world are going hungry every day. in the united states even our trash cans are filled with food you just have to go get it all of these perfectly good eggs because one was cracked didn't even get all over the other ones just drove all the way up and cheese from the german oh you clearly like the upper crust. from the dumpster at one am this morning three pm this afternoon on the grill a cake is made from and one doesn't dumpster egg white. delicious breakfast for the family aches and toast for about a week every year in america we throw away ninety six billion pounds of food. there are those who desperately need it to survive. misspoken to the to give money to

on wall street stocks rose on stronger than expected corporate earnings from mattel and coca- cola and goldman sacks. the dow added 70 points while the nasdaq gained 13. ben bernake will be back on capitol hill today testifying before the house financial- services committee. yesterday he delivered some sobering news to the senate banking committee. he says that if congress allows automatic tax increases and spending cuts to go into effect and the economy will go back into a recession. he says that the fed will take action if economic growth does not improve did not specify what steps it would take. >> apparently facebook has a little competition out there in social media? >> yes, google + is officially beating facebook, the one-year- old social networking is copying a list from the american satisfaction index. google + tied with wikipedia as the most liked social media site. facebook log in at the very bottom of the list even though crushed its competition in and pick number of users. many users claicomplained about facebook features. including the time line feature. i refuse to switch

. >> and wall street's initial reaction to the comments was negative but strong reports from mattel drovehe dow higher today. s and p is up 10. and there is profits down 12%. lost $300 million in investments. and there is vie viacom said they decided to show the colbert report online to people can see it. and "wall street journal" reports fe. apple iphone will have a thinner touch screen about half a millimeter saying that could free up enough space fr a bigger and longer lasting battery. >> talking about gadgets newest imprint from tablet market comes from google. and what is so hot about the device. >> the co-pounder had a chance to play with the nexus seven. we asked him to sum it up. >> it's the best $200 tablet you can buy now. >> just a year ago there was no such thing, then, the kindle fire, and nechls yugs 7 had compromises. no rear camera, not much memory. >> they had to make a lot of cuts. they didn't cut things like screen quality. it's really great z it's very fast. there is good hardware. >> saying it's fast, and smoother and snappier than other toob blets and price, if you t

at mattel opened this week and it has already won fans among canines along with the most advanced play exercise equipment. perhaps this new married couple would like to take their heineman there. they had a canine winning to benefit the humane society of new york and was valued at a quarter of a million dollars. the bride or a couture dress. -- wore a couture dress. weddings have gone to the dogs'. >> i have often wondered what the dogs think about that. >> dr. family sit in with us today. we mentioned toby is the cutest little ball of fur. >> is a be sean fries said -- bichon frise about three months old. >> he wants to get out and play. >> yes. >> good lap dogs? >> they make great pets because they don't shed. >he has had no special products. this is just as fluffy as they are. >> here are some questions -- my 13-year-old maltase has been chewing at her leg and i don't know if it is allergies. >> at this time of year, i would worry about fleas. allergies can get worse in the summertime. the skin gets off flushed and all those factors and allergens in the bloodstream can make them mor

. >> reporter: mattel produced this fake documentary for the hype. that was of course a joke. >> welcome, drivers. this is the double loop dare. >> reporter: not a dare putting drivers through the test. >> not easy, is it? >> we have to enter the loop at 52 miles per hour or so. it's like driving into a brick wall. >> reporter: ready or not, on saturday, finally the big moment at the x games in front of a massive crowd. >> i spent my entire life with hot wheels doing loops and now i get to do it for real. >> reporter: like a toy come to life, they did it. both cars making the loop over 50 miles an hour, with the green car landing first. >> it was absolutely the coolest thing that i have ever done. that was pretty hard core. >> reporter: take another look as they roar through the loop. just like those old hot wheels toy cars. but this was the real deal. whole thing only lasted a little less than 20 seconds. one of the drivers said that the gravitational forces was so strong in the loop he felt his chin in his lap. . >>> you guys need to go there and d

strong earnings from mattel and goldman sachs and coca-cola are positive. homeowners are more positive. there's confidence among homeowners with a five-year high and homes will pick up even as growth slows. the weak economy claimed yet another retailer. discount clothing daffy's is going out of business after rival sims closed their door. daffy's plans to close all 19 of their locations in the northeast. a published report said the new iphone will have a thinner screen with sharp images that could lead more room for a larger battery. apple doesn't comment on the product plan. the new iphone is expected this fall. that's your money watch. go to cbsmoneywatch.com for more. i'm alexis. >>> they felt the kid cam last night. the first couple was on the kiss cam not once but twice. the love birds were accompanied by daughter and vice president joe biden. warmed up for the olympic watchers. dad, kiss her! >> everybody will evaluate and critique you because of the position. >> are they going to slow-mo the kiss? we'll find it in a romney ad. >> coming up on eyewitn

///mattel... promised... to... make... beautiful and bald"... friends... of barbie. the... ... downtown ... were crowded ...this afternoon.../ to... raise... funds....// kathleen cairns... reports.../ hundreds ... of people ...got involved ... in... the... annual firefighter climb. climb. in the lobby of the hilton: (check in) "who are we looking for?"firefighters prepare for the climb: "alright boys do you know who this is...? (close on photo)"thats batt ch richard prunty"(close on kid)"and lots of firefighters got killed""and were gonna keep his memory alive right..? each climber carrys that memory: (reading name) "this is kevin orourke from rescue two"(bell)(reading name)"this is durrell pearsell"(bell) (lips and photo)"jeff palazzo" (bell)(reading name)"thomas sabella wwth adder 13"(bell) (reading name)"samuel outis" (bell)(reading name)"lt kenneth j phealan sr"(check in guy)"it definately gives you goose bumbs.." (firefighter)"110 stories for the 343...."it's symbolic... re-living... the last steps.... (man climbing)"were climbing because they climbed... remembering th

. >> this morning's homicide at the oakland starlight mattel makes three. three in the past two days, 7¢ friday, and 63 this year to date. these numbers are disturbing and nothing to celebrate. >> i mean, just that young and something like that? it is ... it could have been one of my kids. >> but there are worse numbers according to the oakland police officers association. >> we are at 642 officers today, that is 30 percent less and were we were in 2009, and only half where major studies suggest we should beat. >> he says the solution is obvious, get more funding and officers. but what is not obvious is where in oakland is safe. >> on for some crime is increasing, criminals feel emboldened given the fact that there are so few officers on the streets and ucf shooting and jack london square where five people were shot outside of a cinema? that is incredible. >> rock ridge is one part of oakland that people feel safe but neighbors are still watching their backs. >> it is so overwhelming, the whole rising crime. and i think that oakland really does not have eno

majority of mattel's business is aimed at girls.yer in the fashion dolls, not just barbie but also monster high. i heard the name, i immediately had visions of me in college. ♪ mr. sandman bring me a dream ♪ >> what are we supposed to do this thing now? several things about chipotle the momentum guys only pay for stocks with accelerated growth. they only stick with stocks that have consistent revenue. it's gotten meaner. but this thing, it is just too expensive right now. shouldn't this be an apples to apples comparison? want to know which stock is better, at&t or verizon? what we have to do is chop up the companies into little pieces. a fruit salad of comparisons, then we compare the apple pieces to the orange pieces. so, it isn't exactly apples to apples, it's more like one apple versus half an apple. that makes the comparison easy. at&t is the whole apple. once you slice and dice the companies so you can compare them apples to apples and oranges to oranges and kiwis and pineapple bits that don't match, apples to apples basis, wir

. >> reporter: mattel, the maker of hot wheels produced the fake documentary to hype the stunt even showing was, of course, a joke. >> welcome to this double loop dare. >> reporter: not a joke -- putting the drivers through flight training to familiarize them with the effects of 7 g forces they would feel speeding through the loop. >> not easy, is it? >> we have to enter the loop at 52 miles an hour or so. best way to describe it, basically driving into a brick wall. >> reporter: ready or not, on saturday, finally the big moment at the x games in front of a massive crowd. >> i spent my entire life, hot wheels, doing loops. now i get to do it for real. >> reporter: like a toy come to life, they it. both cars making the loop over 50 miles an hour with the green car landing first. >> and greg tracy lands first. >> the coolest thing i have ever done. >> pretty hard core. felt like i was in a toy. >> reporter: take another look as they roar through the loop. just like those old hot wheels toy cars, but this time, this was the real deal. ron claiborne, abc news, new york. >> hmm -- they trained f

sachs, both of them beat johnson and johnson not quite as robust as some looking for, also waiting mattel. ben bernanke will be testifying on the economy before a senate panel tomorrow he goes before the house, that's going to set the tone. see if he says more about more stimulative quantitative easing the dow ended 12729, the nasdaq down 11 points to 2896. and living social is starting to sell merchandise. able to buy a small range of discounted items between $40 and $50. the first relates to a trip to the beach. the second theme relates to the backyard, items that change weekly, rival has been selling since last fall. i know you're doing a lot on marissa mayer. an amazing story. rebirth to yahoo! as she is getting ready to give birth to her first child. with her now the chief ceo that makes 20 women chief executives in the fortune 500. they never had that many. it's not huge but now 4% of the fortune 500 are women ceos. back to you. >> great to hear. >> step in the right direction. very successful ladies making that blaze on the trail. >> taking over the world. >> i'm surrounded by two

but parents are sending their cash on toys for mattel. helping the toy maker make one of its best three months in quite a while. that's business. [ male announcer ] olympic tennis players bob and mike bryan are always on the move. so they can't get to the bank to deposit a check. instead, they use citibank mobile check deposit. it's easy. they just snap a pic... ♪ hit send... and their checks are deposited right to their account. well almost all of their checks. stand back. seriously? [ male announcer ] citibank mobile check deposit. easier banking. every step of the way. here'e's the perfect solutio. switch to a verizon fios triple play and upgrade your entertainment equipment with our 100% fiberoptic network and whole home solution, including a high-speed wireless router, plus a new multi room dvr and new hd set top box free for 12 months. hurry. switching has never been easier with the fios whole home solution. upgrade your home with one easy package. call 1.888.get.fios. contact the verizon center for customers with disabilities at 80

. >> reporter: mattel, the maker of hot wheels, produced this fake documentary to hype the stunt even the drastic aftermath of a failed prototype. >> pull off. >> reporter: that was, of course, a joke. >> welcome, drivers. this is the double loop dare. >> reporter: not a joke, putting the drivers through flight training to familiarize them with the effects of the seven g-forces they'd feel speeding through the loop. >> not easy, is it? >> we have to enter the loop at 52 miles an hour or so. the best way i would describe it is basically like driving into a brick wall. >> reporter: ready or not, on saturday, finally the big moment at the x games in front of a massive crowd. >> i spent my entire life with hot wheels doing loops and now i get to do it for real. >> reporter: like a toy come to life, they did it. both cars making the loop over 50 miles an hour, with the green car landing first. >> it was absolutely the coolest thing i've ever done. >> that was pretty hard core. i felt like i was in a toy. >> reporter: take another look as they roar through the loop. just like those old hot

. >>> earnings tomorrow of coca-cola, mattel, intel and yahoo!. them ahead of the numbers? dani hughes, what should i do? >> cola cola, year over year growth for a couple of years is double digit. we don't expect to see that type of growth this year but beat the street. intel, as well. they beat a couple of cents every quarter. and again, they're guys to see tiny growth happening in the united states an i bet you'll see that today, too. >> all about the guidance. thanks very much. down to you, sue. >>> headline time, ty. nokia lowering the price of the smartphone lum that 900. all the way down from $99. glaxosmithkline ending a three-month courtship. the deal about $14.25 a share. up from the previous offer of $13 a share. >>> and analysts believe a weekly government report due out in 90 minutes on u.s. crops is likely to show further drop in terms of corn and soybean yields due to the big drought that's been enveloping the midwest. >>> time for another market flash. brian shactman rejoins us. >> shares of mead johnson. the stock went down after t

so you have a lot of ware house and distribution centers and warehouses for mattell, the toy companyl's. the biggest employers, there is a university and a hospital there and the city was a big employer. but that may not -- they are going to let people go. one reason they are filing for bankruptcy, like a lot of cities do, when they are in bankruptcy, they will be able to more successfully renegotiate their labor contracts and put legal settlements they may owe on hold and they can hold off vendors. they are saying they are $45 million in the hole. >> greta: what about the stimulus money from february of '09? did san bernardino get any of it? >> they were in the news over that. it turn out they got nearly $4 million. but they didn't spend it all right away. so they got into the scuffle with the state of california, with the state trying to take it back because they weren't spending it quickly enough. you know, that money would not solve the problem. the other thing that came out today -- and you should watch this. i am wonder figure there will be potential criminal penalties on this.

toy maker mattel soaring, jumping 20%. that's why the stock is up almost 11%. take a look at financials, go goldman sakz, up and lastly johnson & johnson also reported earnings today, looks like you focus in on the stock second quarter sales. cutting the 2012 profit forecast impacting the weakness in the euro. on the conference call the new ceo said j and j is committed to dealing with the recall issues that have hurt investor confidence in the past. the stock up about a%. sticking with health care, about three weeks ago we watched shares improve with the first anti-obesity drug to be approved in 13 years now it turns to vivus, which we'll hear on whether the fda will approve its own weight loss drug. let's focus in on the stock, down 3% on the day but up 190% just this year. so it does appear that an approval is bake d into the stock shares. trading lower scott as you know. sometimes ahead of a ruling we do see volatility in the stock. >> brian, back over to you -- are you doing the market flash? >> we're going to brian right now. thank you seema. >> what do y

wall street managed gains today, thanks to stronger earnings from mattel, coca-cola, and other big firms. the dow jones industrial average gained 78 points to close at 12,805. the nasdaq rose 13 points to close at 2910. pulitzer-prize winning columnist william raspberry died today at his home in washington. he had prostate cancer. raspberry wrote for the "washington post" for nearly 40 years, and became one of the most widely read black journalists of his generation. in 1994, he became just the second black writer to win the pulitzer prize for commentary. william raspberry was 76 years old. those are some of the day's major stories. now, back to gwen. >> ifill: dry, hot weather is shriveling crops in the heart of america's farm belt, and squeezing food prices here and around the world. ray suarez has our story. >> they're not growing as quickly, they're getting burned >> suarez: that lament at a community kitchen in indianapolis is being heard amid the most extensive drowft in decades. according to the national climatic center more than 48 states seen here in yellow orange and maroon wer