the car in question, a black mitsubishi sedan. the driver of that car, a 36-year-old man was heading south on cottel when he ran a red light around 3:30 this morning. he ended up colliding with a blue mustang, sending it into a third car. the driver who ran the red light was hurt, but not bad enough that he couldn't make a run for it, which he did. he ran down cottel, turned the corner on to santa teresa. we're talking about a good two to three-block head start here. but police tell us they were so fast in responding, two of their officers was able to catch up to the driver, who was still running down a sidewalk, and take him into custody. the driver of the third car, not hurt. while we were there, officers started searching the black mitsubishi, taking a lot of items out of the truck. the sergeant on the scene said they did find, quote, evidence of criminal activity. headquarters here just confirmed to us that they did discover drugs, unknown what kind of narcotics. that driver, he's still in the hospital, has not been booked as

also, mitsubishi reported on wednesday record profi. one automaker left, toyota will be watching out for that but pretty solid results, so far, from the autoindustry. >> and the stronger dollar, that should also help porters. >> right noud, 1202.83-85. it's paired back a little bit after rising to its highest level in three month still, much higher than at the start of th but the rise in u.s. bond yields reflects that theory, the 10-year treasury rose above 2.5%. you can see that on the screen right now, that level for the first time in a . the recovery in the u.s. is on a solid footing. now, asian markets will, of course, also be a fo we've seen hong kong rising for 7 days in a row. seven trading days in a row. we'll see if that continues. also continue to monitor earnings potential. >> we will hear from ramin in a few hours at the morning close. i'll be back next hour with all of these head looirns and . i'll leave you with a check on some other market figures. >> reporter: zhou yongkang was of the standing committee the st says the p

major shareholders include sumitomo mitsubishi financial group. smbc executives signed a deal worth almost $12 billion to purchase 115 planes. they are expecting to receive the first ones in two years. they plan to lease the aircraft to low-cost carriers and to other airlines in asia. >> that is going to wrap it up for business hour. let's check in on the markets. >> human rights activists have been looking at the toll exactitude by the extremist group boko haram. the group claimed responsibility for abducting more than 200 schoolgirls in april, saying the kidnappings were aimed at preventing the girls from receiving a western-style education. on monday, a boko haram attack in borno killed at least 20 people. six civilians were also killed in a battle between the group and nigerian armed forces. >>> the leaders of libya's interim government are weighing on whether to call security forces for help. rival militias have been battling control of the airport. fighters are fired rocket after rocket. spokesperson says 90% of the planes have been damaged

is having talks with mitsubishi. of japan'sbetween 2 biggest developers.o bid another division as a well. relationship where we can talk to them frankly. i would not deny that a top merger could come up in a discussion. is looking to raise a $13 billion. bank of china also announcing massive shares. under new rules, the biggest lenders might face -- the battle for at travelers is heating up. they will start flights of by september. asia launched base fares as low as 2 u.s. cents. summer andiddle of it's time to plan your holiday. we'll take a look at top cities in terms of international tourism. ♪ >> right. the trading day. have in the moving higher across the asia-pacific. on the currency, we have fairly unchanged picture when it comes to the yen. just under 101. we had a guest that is suggesting that it could depreciate. ands talking to ray attrill he is predicting we could save the australian dollar drop back to 85 u.s. cents and that will be a target towards the end of the year. so, it is looking like this. pretty much unchanged. up next, japanese auto

the suspect took off, smashing his mitsubishi into another car a couple of blocks away. that car then spun around. two people suffered injuries, police say they found illegal narcotics in the trunk of the suspect's car. >>> and a san francisco state university professor under arrest, accused of taking video of his students using the bathroom during parties at his home. authorities say mark landis faces misdemeanor counts of invasion of privacy. prosecutors say landis used a hidden camera to take the video. >> very egregious acts, using a camera in a toilet pointing towards people's genitals and private parts. very, very concerning. >> investigators say they found many instances of students being filmed while using the bathroom. on the camera's memory card they say they know of 15 victims but there could be more. landis resigned his position at san francisco state earlier this month. >>> and a soccer coach charged with molesting a 10-year-old girl. 26-year-old jesse slicker arrested, listed as a coach on the club's website. he has been ordered to stay away from the facili

officials from real estate company mitsubishi estates say experts confirmed it's a hot spring. the water is 36.5 degrees celsius and could help relieve neuralgia and joint pain. >> translator: the 2020 tokyo olympic games are just six years away. the urban hot spring could become an attraction for tourists from overseas. >> the thermal waters will be supplied to a fitness club and a japanese-style inn that will be built in about two years. >>> jubilant german fans welcomed the return of their soccer team home to berlin. germany won the nation's fourth world cup in 24 years. about 400,000 people gathered near the brandenburg gate on tuesday. coach low told the crowd that he would not have won without their fans. he said the players and fans are all world champions. the players danced and sang on the stage. cheers erupted when captain philip lahm hoisted the world cup trophy. >> translator: this is the first time i have seen germany clinch the world cup. we were too young to see it when it happened the last time. >>> time now for a check of the weather. our meteorologist sayaka m

they stole cash an a cell phone and got away in a brown and gray mitsubishi eclipse. >>> another high-rankingf new jersey governor's chris christie staff has been ordered to testify before the panel of lawmakers. regina agia was an aide to christie. she's been selected as the governor's next chief of staff. >>> a homeless encampment in ocean county is officially closed. lake wood's tent city shut down yesterday. the last of its 120 occupants moved into temporary housing last thursday. >>> authorities in lehigh county are still searching for a teen who vanished 35 years ago. 16-year-old robert keck disappeared in june of 1979. just last month, authorities searched an area in berks county but found no sign of him. officials say any new lead would be welcomed. >>> from our delaware bureau, investigators say a driver burned himself and set his car on fire. he threw a cigarette out of the window of his car. it happened on sunday.ç investigators say the cigarette blew back into the car, smith is in the hospital with serious burns. >>> crews in arizona say they're making very little progress agains

nikkei 225 up by mitsubishi, heavy rising on a reported that hit bocce ceo -- negoti ceo is closer to iations. stock,ur eye on this moving lower but and lines with estimates. panasonic is up 0.4%. a $1uld generate over billion in terms of revenue. the financials. back shares.y i want to give you a quick snapshot of the yen. rising modestly if you compare it to yesterday -- friday rather. up toading level and speed on what is happening with korean won. we are seeing currencies moving across the region and one stock i want to bring to you in the korean market very quickly. as i was looking through this, tesco, look at this. utilities, 5% gain. i was looking at headlines out of mongolia, the power plant. it is all i have at the moment. up 10%. tepco, big move for that company. >> let us check on some of the stores. the united nations security council will meet and 45 minutes for an unconditional cease fire. hamas said it will stop fire rockets ahead of ramadan. as the cabinet met, rockets were launched. more than 1000 palestinians were killed. israel has lost 43 soldiers. released photos

oforgan chase added the head tokyo's mitsubishi revising estimates. the world's largest pension fund has its first quarterly loss in two years. it fell 0.8% last quarter. the fund has been under increased pressure to overhaul its investment strategy and move into riskier assets. growth continues to be priority number one for china's economic policymakers in a bid to post that target. the people's bank of china is tactics.e where theyuation pick up the slack because fiscal policy hasn't. it is a complicated set of affairs. >> the central bank does not usually get into setting fiscal policy. you leave that to the government. but in china, of course, the system is a little bit different. there are no limitations on fiscal policy and what you are seeing is the central bank governor stepping in, trying to carry out the communist party order to maintain 7.5% growth us year. in order to do that, their are a number of programs that do not necessarily harkin monetary monetary harken policy. another program, nearly three times as large, for low-income housing.

seguridad es el mini cooper, y otros que tuvieron un desempeÑo aceptable, sonel chevrolet, el ford, mitsubishida. feliz, y nosotros amen, se encuentra una mujer que hace dos aÑos habÍa perdido su traje de bodas, la tormenta sandy arrasÓ con el lugar donde lo llevÓ a la lavar pero ahora lo tiene en sus manos, veamos cÓmo pudo recuperarlo. >> la historia de su vestido, su dueÑo la lavanderÍa comenzÓ hace dos aÑos cuando nicole dejÓ su traje con la esperanza de que lo lavaran, lo que no esperaba era que la sÚper tormenta sandy arrastrarÁ completamente con casi todas las residencias y negocios del Área. sin embargo, cuenta empleada del lugar que el vestido sobreviviÓ a la tragedia. >> el vestido fue lo Único que se salvÓ. >> se mantuvo en el escaparate durante meses, debido a la destrucciÓn de negocio fue cerrado y un aÑo despuÉs reabriÓ en otra zona, donde lo primero que hizo el dueÑo del lugar fue poner el traje en un sitio visible. >> pensamos que lo iba a encontrar. >> el dueÑo pensÓ que algÚn dÍa lo que encontrarÍa la novia que luciÓ. >> dijo, se parece a mi vestido, luego vino, y dijo, es mi

nonetheless wells fargo lent him fifteen thousand one hundred ninety seven dollars to buy a used mitsubishi sedan i am not sure how i got the loan mr derm age sixty said yeah yeah yeah yeah yeah it's whack a mole comes to mind you know they want from the sub prime housing crash economy as you point out lehman brothers so now they moved on to autos you know it just goes around and around and around i mean there's no attempt to stop this from going on i mean we can only guess what the next area of fraud will be but yes harlan's is at the moment the fraud is your yeah wimber barack obama when he came into office said we have to look forward we have to go forward we cannot look back the economy needs to recover we need to continue forward now the stories i'm going to tell you here are the exact same not a single thing different about the frauds committed in the subprime mortgage market here these are sub prime loans i sub prime equals anybody with a credit score less than six hundred forty in america so these are subprime loans for used cars not even new cars used cars so this guy mr durham in

mitsubishi said it may have a new takeover targets. after is joint bid with alstom failed.are looking at the u.s. and europe for growth opportunities. as we head to break, you are in hongat live pictures kong. thousands are protesting against the final say all the appointments of the chief executive. the rally is on the anniversary of hong kong's return to chinese rule. today.15 years the majority of those who cast their ballots voted in favor of a voting the territory. beijing called the vote illegal and invalid. we will be back in a few minutes. ♪ >> welcome back to "on the move." i am anna edwards. let's talk motorcycles. -- policecalifornia in california hoping you would never hear these coming. ♪ >> on name is paul marshall. ♪ >> when we ride the zeroes, it is an ordinary assignment. one we picked out that today. ♪ tool to have on a university. you can go through the little areas the squad cars cannot. we can pretty much go anywhere whether medical emergency or police emergency. we can be there much quicker instead of parking the car and getting there. oftentimes, we a

. >> outbribing through the mitsubishi's plug in.ow, all electric car are also tend to be small and light. but it may be a matter of time before they offer as many choices as gas-pow r.ed cars. in san jose, len ramirez, kpix 5. >> another new trend is smart charging for electric cars. they can be programmed to determine the most efficient time to take power from the grid. >>> the city of stockton could end up landing the deal for tesla's new massive battery factory. it is a surprise considering the car maker had basically written off the california as a possible location. it was expected to be built out of the state steve labor and tax cost. burr the la times reports stockton is looking more and more appealing due to its proximity to tesla's fremont plant. the facility also offers easy access to rail lines. >>> draught is putting a damper on gold rush days in sacramento. sam shane on why city leaders say delay were forced to call it off this year. >> in just a month, old sacramento is supposed to be taken back in time for the gold ru

represents the widows of the three men killed in a wrongful death lawsuit against the contractor mitsubishieavy industries of america. a jury awards them nearly $100 million in punitive and compensatory damages, calculated in part from the video. >> from the video, we were able to time how long it took for the crane to go down with these guys fell to their death, 14 seconds, and the jury was asked to award per second what their conscious anticipation of death meant to them because they knew they were going to die. >> the verdict is appealed and eventually settled out of court. the stadium, named miller park, opens nearly two years after the accident featuring the only fan-shaped retractible roof in the country. a memorial to the men who lost their lives greets fans when they enter, ensuring the three iron workers will never be forgotten. >>> coming up -- an f-18 test hornet flight turns into a fight for survival. >> i didn't see anything. i didn't realize they were on fire. >> when "caught on camera: total destruction" continues. ♪ i voted for culture... ...with a 'k.' how are you? i voted

they would drive around town in the red mitsubishi. would you cruise down the main drag here? >> pretty much everywhere. >> just spending the day with no cares? >> yeah. >> they all spent the night together at a friend's apartment. on thanksgiving morning, nick and haile left around 11:00 a.m. >> they said they were going to go to my mom and dad's house. >> the plan was to meet later at grandma's house. but nick and haile never showed up. kimberly and rachel tried calling them. is it strange for nick not to answer his phone? >> absolutely. >> even if i called over and over again, he could have answered. >> strange for haile not to answer the phone? >> extremely. she would have never not answered my phone call. >> so where could they be on thanksgiving of all days? adding to their worry was the weather. it had started snowing. >> so i'm thinking, okay, the weather. maybe he got stranded somewhere. i was hoping that he was just staying overnight somewhere. >> were you worried about a car accident? >> i was. >> nick wasn't experienced driving in the snow. the family spent thanksg

. >> reporter: another new breakthrough is mitsubishi's plug-in four by four with two electric motors, one for each axle. for now, all-electric cars tend to be small and light but it may be only a matter of time before they offer as many choices as gas-powered cars. len ramirez, kpix 5. >> another new trend is smart charging for electric cars. they can be programmed to determine when to take power from the grid. >>> owners of pickup trucks may get recalls. the 2014 silverado and others recalled six times more than any other in the united states. both pickups have seen nine recalls issued since last year. still the silverado is gm's best selling vehicle in the country. >>> 5:13. we are busy traffic-wise. i guess the bay bridge has issues. >> we had major issues at the bay bridge toll plaza. good morning, everybody. we are going to start "kcbs traffic" once again with the bay bridge where we have better news. that earlier accident is long gone and traffic is beginning to recover. you will still see some slow traffic for i-80 as it rolls through the berkeley area into emeryville. and jus

minutes from king of prussia and the delaware state line and featuring chrysler, dodge, jeep, ram, mitsubishi vw. if you want it for less, you . >>> good morning, america. happening now, hurricane and tropical storm watches for the east coast as arthur picks strength fast off florida. these teenagers slammed against the rocks and rough seas. >> i thought i was going to die pip couldn't breathe. >> what the growing storm means for july 4th, and a massive wildfire in napa's wine country. >>> and the food truck fireball caught on camera. 200 feet in the air, at least a dozen people injured. what caused the blast. >>> breaking now, new security at the airport. urgent new procedures to keep us safe from a terror attack. what you need to know before your next flight. >>> and so close -- >> it's julian

mitsubishi putting a money of their own parent i asked him, and did youwere you actually see this as strategic set? here is what he had to say. >> i was very serious from the very beginning about doing the best. we're seriously considering all of our options. we took one step at a time and that is pretty much what we wanted. >> you got what you wanted. did you see the outcome as a victory? and camek hard on it up with a great proposal superior to other proposals. >> is the deal with the train built -- business still in play? do not think so. it takes a lot of time and .specially a great partnership if the partner is not willing to partner and do one step at a --e, >> he says there the train deal, , thinking there still could be a european tie up . he hesitated and then conceded it was off. he is happy because ultimately jihad put more on the table. best of all, ge is now dealing with the french government as a 20% shareholder. we spoke for a while about europe and how confident he is in the european economies now. at ecb left things unchanged a record low. another sign of how weak an

the hitachi ceo says he will go into merger talks with mitsubishi heavy, hinting at closer ties between large manufacturers. in 2012, and emerged energy businesses. easily, they teamed up to bid for a power unit. the headphone company being bought by apple is being sued. beats is facing a patent action from bose. beats of using technology covered in five patents. it has fired similar suits against other headphone makers. apple did agree to buy beats in may in what is its biggest ever acquisition. earnings season continues. nissan and honda will report today and tomorrow. we have bloomberg intelligence's senior analyst for asia autos, steve mann, here with us. what are we expecting? beearnings this quarter will a kind of mixed bag for the japanese autos. in japan, you have the sales tax hikes back in april. that is going to have an effect on sales in the second fiscal quarter. in the u.s., you have got honda underperforming the market. you have toyota. that is in line. nissan is performing very well in the u.s. market. you kind of have a mixed bag. -the sun also having to deal with all t

mitsubishi and a load of others. i want to bring your attention to this. 10 year bonds. the u.s. has been relative to their g7 peers in almost four years. that begins to change perspective of what might happen with the differential in terms of the dollar and the euro. there are companies that are also very much in the spot. . a strongting for snl performance in terms of actual physical posting. pharmaceuticals never far from a m&a story. we have in "the telegraph that an additional bid for shire. a global basis for this year and in terms of the movement, the direction you see in the dollar is to the upside this morning. we have the minutes from the fomc, the federal reserve meeting. we have one the most accurate forecasters who have been monitoring at a bloomberg. they said we are misjudging. the first quarter of 2015, that is the dollar perspective. on the euro, the most, traders are the most -- they are taking though most net short on the euro. the most accurate forecaster on a euro by the end of the year. back to you. >> thank you very much with the details we are ope

mitsubishi said it is now looking at the u.s. and europe for other growth opportunities.ays 59 suppliers are failing to provide adequate safety equipment for workers. largestas the world's smartphone maker struggles to improve labor standards at its china plan. the company says the majority of suppliers do not comply with the legally-permitted overtime hours. as we had to break, enough time for today's "the pulse" number. it is 8000 this morning. that is how many people were spoken to about londoners loving a good lie-in. almost half cut later than the world. quarter said they press the snooze button on their alarm more than once when they wake up. back with more on "the pulse." stay tuned. ♪ >> welcome back to "the pulse." time for today's hotshots. ersstart with the x-fight world tour in madrid. flip in theer bike middle of the competition. there it is. marseille. to rollerbladers after the city of antiquity with a modern flair. on tight.old i am not sure how he got himself into this situation, but watch this cell phone video of a man thingy to the trunk of a sedan driv

strong storms developing l >> all that weather brought to you by mitsubishi heating and cooling. >> ihe subway with you in the not too distant past. >> and you were like this in my face. >> now we know who that was directed at. a little punchy. >> just a wee bit. >>> coming up, the modern-day mary poppins who says we have lost control of our kids. >>> and "gma" investigates, the potentially serious danger on boats. the dos and don'ts before you head out on the water. they say it's what's on the inside that matters. guess the mcmuffin doesn't think hashbrowns matter. it's ok, hashbrowns... ...we still love you. the new am crunchwrap from taco bell. eggs, bacon, cheese, plus a very meaningful hash brown inside. wrapped and grilled to go. [bong] wrapped and grilled to go. (door knock!love it...say bounty paper towels are the best?... they're a must. yes, i did. this is viva® vantage, and it's different because of the stretch. wow, that's awesome. that stretch means scrubbing power. i never knew paper towels could do that. viva® vantage. the towel more people prefer. don't blame him. inst

and we have the bank of tokyo mitsubishi ufj on the phone. you see what we're opening with. economic data of europe, is that a excuse leading up to the li lineup? >> it's news to me. just waking up, i hadn't been looking at dow stock futures early morning for quite some time. i think it's one of those things that will come and go. certainly europe is part of the picture of world economic growth. sometimes i always wonder like why is inflation not going again? why is commodity demand not there? maybe it's simply the fact that europe is growing less than 1% where it was growing in the early 2000s like over 2%. maybe that's -- maybe europe is part of the thing behind why we're not seeing inflation. >> what do you make of the sell-off this morning, is this an excuse or is it justified, considering -- >> well, when you look at what's happened to risk premiums over the last several months, whether it's the s&p, vix, oil volatility, whether it's peripheral bond spreads, there's clearly overconfidence about, you happen, it seems like earnings in the u.s. and an underestimation of ge