mellody hobson has details. >>> and from the hit show "catfish," nick schulman tells us about his new on the internet and relationships. that's the "cbs morning news" for this wednesday. thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com i'm frank mallicoat time is >>> good morning, everyone. it is wednesday, september 3, i'm michelle griego. >> "hump day" is here. >> hi, everyone. i'm frank mallicoat. nearly 4:30. we can kind of see the weekend now. >> did you say it was "hump day"? >> "hump day!!" >> take it away! [ laughter ] >> we have morning drizzle out there due to the extension of the marine layer this morning. temperature-wise we are in the 50s and 60s. the full forecast straight ahead. >> and checking roadwork out the door, westbound roadwork is picked up at pleasanton, eastbound some approaching grant line. >>> 4:30. we start with some breaking news out of san jose right now. firefighters are battling a fire right now. it's burning next to the capri apartments on the alameda west hedding street. it started about 30 minutes ago

mellody hobson has detailed. >>> and from the hit show "catfish," nick schulman tells us about his new on the internet and relationships. that's the "cbs morning news" for this wednesday, thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com >>> we are this morning in the east oak lane neighborhood a vacant storefront goes up in flames overnight at corner of provident road and wadsworth avenue it didn't take long for fire fighters to get that fire under control no one was injury. the building was a former day care that had been closed for two years. officials are still looking for a cause of that fire. it is wednesday, september 3rd i'm ukee washington. >>> i'm quarter von heel. here are stories we are following today. students return to council rock high school south after the accident that killed three classmates. now we have new information on who was behind the wheel. >>> new threat from is is after the islamic extremist group beheads another american journalist. >>> after three atlantic city casinos close and fourth preparing to shut do

cbs news contributor and analyst mellody hobson is in chicago. mellody, good morning. >> good morning. >> why do these security breaches keep happening? >> it's like the old saying, why do you rob a bank? it's where the money is. the cyber thieves know it's a new organized crime. there's a lot of money to be made online because 60% of us are banking online, shopping online. when they get these numbers, they can sell them. the estimates are the thieves made in the neighborhood of $50 million from that one breach. >> so what are these companies going to do? what are potential targets going to do? >> well, now what they're saying -- target was the wakeup call. they knew that they lost over $200 million in market cap, the ceo lost its job. now they're saying we have to get in front of this and play offense. on top of that the credit card companies said if the new reader card technology hasn't been adopted by 2015, if there's fraud, the retail is responsible. so now everything is trying to get in front of this new card reader which has dual authorizati

cbs news financial contributor mellody hobson is with us from chicago. good morning. >> good morning, charlie. >> what are the ramifications of this possible deal? >> we're talking about a beer bahims if it were to happen. a company that would have 350 different brands have 30% global market share, have a market cap in excess of $200 billion. if it were to happen. and it's a big if. they made it clear they haven't been approached. if it were to happen it would be a big deal. >> and mellody, why do they want to do this? where will it expand their market? >> the geographic footprints are very different. they dominate in the united states, and europe. meanwhile, miller dominates in the emerging markets. anheuser-busch wants some of that because the growth in the developed markets has been slowing. so they're trying to chase the growth in some of the emerging markets. >> so what about this deal between fsab miller and heineken. >> is the story is they went for heineken in order to rebuff them when they come. coincidentally, i had dinner with someone very hig

mellody hobson is with us from chicago.ood morning. >> good morning, charlie. >> so what are the ramifications of this footballpossible deal? >> we're talking a beer behemoth. a company that would 150 different brands. 30% market share. cap in excess of $13 billion. if it were to happen. if it were to happen it would be a very big deal. >> and mellody why does anheuser-busch want to do this? >> a.b. and inbev dom natures in specific markets, specifically the united states europe. meanwhile, sabmiller dominates in the american america. inbev u.s. wants some of that. they're trying to chase the growth in some of the emerging markets. >> so what about this deal between assessment bwith sabmiller and heineken? >> the story, it's all speculation that sabmiller went to heineken. coincidentally i had dinner with someone very high up at heineken. they made it clear, they are not for sale. >> are their antitrust implications here? >> huge for sure. complex, but not insur moundable. some speculate that it would be miller coors in the

cbs analyst mellody hobson is with us. good morning. >> good morning. >> this is the biggest e-commerce site. better than amazon? >> amazon and ebay combined when you look at their $250 billion in transactions. to give you a look at that 80% of all online transactions go through one of their platforms in china every single year. >> wow. >> for the average investor when you look at this today, is it something that alibaba -- does it interest you? >> i would be very nervous. expectations are so high that if it trips just a little bit, it will fall far. what i want to say also is you should be cognizant of their government structure which is unusual and also that they have frictions with chinese companies because of the difference in regulation. >> let's talk about that. the number of insiders who can sell on the first day is pretty extraordinary. >> they'll be able to tell 60% of the ipo proceeds. that's a lot. more than the facebook people were able to sell. it's huge. >> what are the aspects? >> this is important. two comp