according to a national retail federation survey the spike in stealing suggests that the economy is onhe upswing. the report shows retailers lost $37 billion last year from theft. analysts say it is likely because retail employees are more afraid of being caught and fired in a recession so they are less likely to steal. they are willing to take more risks when they have a better chance of finding a new job. that may be the dumbest report i have heard in a while. >>> a nationwide crack down is coming for unemployment fraud for people collecting payment whose are never eligible or continue collecting payments. as the unemployment rate remains high states are stepping up efforts to stop fraud. >>> from combat to the homefront the u s o is helping our service men and women heal and recover. plus if you are planning to throw burgers or dogs on the grill this summer we have apps that will help you sizzle. discover customersl are getting five percent cashback bonus at the pump... and at many of the places their summer plans take them. it pays to switch, it pays to discover. >>> this day a goo

the national retail federation says the cost of the cookout is up, 12%, from $54 last year to $61 this year. all the cookout staples are higher, even the charcoal, lighter fluid, and propane to fire up the grill. yes, even the beer. >> you have these raw materials that have to get shipped to the factories to make the beer. >> reporter: from the brewery to the distributor to the retailer and finally to the backyard after guzzling a lot of gas to get there. but there's another reason -- bad weather in germany has called a worldwide shortage of hops. >> we're talking about one-third of the word's supply of the key ingredient for beer is suddenly unavailable or available in lesser quantities. >> reporter: prices on fire works have gone up, too. so much that dozens of cities have cut back or canceled displays of the rockets red glare. still this july 4th is expected to offer a lot of pop. >>> another sports lockout a seesaw battle between the giants and the cubs and who is making noise at wimbledon? >>> and talk about coming right into your living room? oh, my goodness. your "first look" at

now according to the national retail federation survey, the spike in stealing suggest the economy isg. the report shows retailers lost $ 37 billion in 2010 from thefts up more than 3 billion from 2009. analyst say it's likely because retailer employees are more afraid of being caught and fired in a recession. so they are less likely to steal. however, they are willing to take more risks when they have a better chance of finding a newjob. >>> today, it's all about celebrating our nation's independence. festivities are planned all around town. baltimore city baltimore county you name it for the 4th of july. we have the big of the show of course that's happening at inner harbor and abc2 news linda so is scoping out a seat and joins us live. linda. >> reporter: yeah. it's gra great sight especially -- yes, it's a great sight especially from federal hill. grouf live around here -- if you liveed around here long enough you know what goes on. the fireworks show will light up the sky at 9:30 tonight. but before that, there will be plenty of things to do with you and your family throughout th

the study by the national retail federation says the spike in stealing suggests the economy is on the upswing. analysts say that's because employees are willing to take more risk when they have a better chance of finding a job. the report shows retailers did lose $37 billion last year from theft up from $33.5 billion in 2005. >>> well, if you run a company, you are probably rolling in the dough more than ever. that's what a survey for the new york times found. top executives at 200 major american companies made 23% more than they did two years ago. their median pay was up $10.8 million. meanwhile the average american worker's pay rose one-half of 1% last year. not enough to keep up with inflation. so the rich get richer. >>> the online video site ho loo may soon be sold. the company will talk with more potential buyers this week. already been in discussions with google, microsoft and yahoo. the site offers access to prime time tv shows and it's currently owned by the parent companies of three broadcast networks and private equity firm. projected to make $500 million this year. >>> and

according to the national retail federation retailers lost $37 billion last year from theft. that's up more than $3 billion from 2009. surprisingly some analysts say the trend is actually good news for the economy. why? because employees apparently are less likely to steal during a recession because they are afraid of getting caught and fired. so the risky behavior could be a sign that the economy is on the up swing. >>> the next time you want to belly up to a bar it could be a fast food counter. more chain restaurants are serving alcohol to help boost sales. some burger king restaurants, for example, are now selling beer. sonic will start serving beer and wine at the end of the summer. wine on the menu at some starbucks in seattle. wine and beer will be on the menu for a lot of cookouts tomorrow for july 4th. anny, a lot of people hanging honour every word tonight. >> i think the threat for severe weather we are done with mainly overflight and for tomorrow. that's the good news. i do though see a couple of storms out to the west of us. i think they could pop into our area bu

whole propaganda this is from c n b c and they're looking at the latest report from the national retail federation that showed that inventory loss due to shoplifting increased by three point six billion dollars nearly eleven percent last year c m b c says some a commie watchers say that that's actually a good sign for the economy that there's an increase in shoplifting because it shows that people are willing to take a risk that they might be locked up their chosen initiative. but also because again the majority the growth comes from the banking sector and the banking sector is deregulated and they are engaged in wholesale thieving and larceny so if somebody goes into a seven eleven store and steals they say that fat guy can work for j.p. morgan that guy could work for goldman sachs he knows how to steal money he could be useful to us someday but this is how they just reclassify him decide that's not what you think it is your eyes are lying to you so ben bernanke you can say oh all those people buying gold that's just they're afraid of tail risk still it also puts more people in prison and there's

the economy is still shaky, national retail federation expects families to spend carefully. >> retailers the recession is over, it's fresh on minds of american families. >> and their survey expects back to school spending to be flat, with the average family spending about $603 on clothes and shoes, supplies and electrickics and that is less than 2010. family was college age students will spend $808 last year. and retailers plan to showcase items where cautious consumers can get greater bang for the buck. >> this year's theme is not necessarily finding the best price, but the best value. you're going to see a lot of retailers talking about quality merchandise. in addition to good prices. >> you were mentioning you've heard ads on the radio. >> keep that in mind. perts say keep watch on social needa for other discounts. >> this is my kind of flight. a group of hawaiian hula dancers took their act to the airways performing hit and run hula at 38,000 feet. >> take a look. this hawaii bound flight was a little more friendly. they threw a flash mob hula during a flight from san francisco to ha

the national retail federation says the cost of the cookout is up 12% from $54 last year to $61 this year. all the staples are higher. even charcoal, lighter fluid and propane. and yes, even the beer. >> you have the raw materials have to be shipped to factories to make the beer. >> from the brewery to the distributor to the retailer and finally to the back yard after guzzling a lot of gas to get there. but there is another reason. bad weather in germany has caused a worldwide shortage of hops. >> they are talking about of the world supply of this key ingredient. it is suddenly unavailable or lesser quantities. >> prices on fireworks have gone up, too so much that dozens of cities have cut back or canceled displays of the rocket's red glare. but still this july 4th is expected to offer a lot of pop. >> stay with us. there is more news coming up. first we have a look at some events going on around town this weekend. >> it is a sign of a parade when you see the chairs and other things lined up look frederick road in catonsville. people like to mark their spot for the parade and residen

the national retail federation says the cost is up 12%. from $54 last year to $61 this year. charcoal, lighter fluid and propane cost more. even the price of beer has gone up due to a shortage of hops. >> talking about with one third of the world's supply of this key ingredient for beer suddenly either unavailable or in lesser acquaints. >> also seeing a price increase, fireworks. >> all that sierra snow melt is making parts of yosemite dangerous. two hikers from l.a. are dead this morning after they were swept into a reservoir. gregory meyer and richard fox were returning from a hiking trip wednesday when they fell in the reservoir. three other hikers crossing at the same time were not hurt. the bridge is still open to the public this morning. the rangers say water levels are higher than usual. this video shot at the place where the men died. this was about a week ago. the water is rushing past very close to the bridge. odds are it will only get worse as more snow melts. mother nature can be so beautiful yet so dangerous. 6:15. we're going to check win the woman who knows a

>> the national retail federation does this every year and says this year, we're more patriotic than ever. going to be buying something, whatever the case may be. a lot of us are going to parades. my family is in the parade. a lot of people also traveling, 3100 million americans travels, that's up from last year. they're out there and spending. >> food is what you have to talk about here. every body seems to have barbecues. >> over 64% of americans will be hosting a barbecue or attending one. they're spending on average about $61. hot dogs, hamburger, food. that's all up. total spending about 2.3 billion. >> 61% of americans means how many barbecues are up? >> about 40 million cookouts attended by 235 million americans. an awful lot of partying going on. >> got to pick up beer or wine. >> you've been saying all morning wine has health benefits. it's really -- really a big day for beer. 64 million cases sold over the fourth. bigger than super bowl sunday. watch it down with a beer, right? >> people do it and a lot of people will be doing it. >> in the heat, too, probably. >> good idea

the national retail federation says the cost is up 12% from $54 last year to $61 this year. charcoal, lighter fluid and propane all cost a little more. even the price of beer has gone up due in part to a worldwide shortage of hops. >> they are talking one third of the world's supply of this key ingredient for beer suddenly unavailable or available in less enquantities. >> just another reason to drink wine then. seeing a price increase this year, fireworks. 5:24. scott is excited about patents today. the rest of us are just boring. >> boring patents. if you're like me this is great news or if you are apple or microsoft. if you're google it's a bummer. a consortium made up of everybody but google was able to snap up a big pile of patents owned by the bankrupt sp nortel. patents that cover all kinds of issues in mobile. the cost, more than $4 billion. we're talking patents but think of patents as bullets in the battle for business. apple now has loads more than google. mark zuckerberg says get ready for something awesome. facebook about to announce something next week. we figur

and according to the national retail federation providing 42 million jobs. >>> so it is the number one issue in many american homes, getting your financial house in order. so today in our weekly financial fix, we're focusing on what you do at the office and how you can save money, big money, by changing just a few habits. karen lee joins us, the author of "it's just money so why does it cause so many problems." let's start with your morning coffee you say this will not be painful. >> no, the main thing i want to remember it is the little things that add up. we buy certain things, we think it is a dollar, $4, no big deal. we'll show you how they add up to not just hundreds but thousands of dollars every year you can save. >> beginning with how a lot of people start their day, make it a routine, want to go to a coffee or tea shop and have something. >> get the fix, right? let's say you get a specialty coffee, five days a week when you go to work, 4 bucks a day, $960 a year. >> my gosh. >> if you go buy the gas station, probably $1.50, about $360 a year. if you make it at home or drink it

the national retail federation finds that retailers lost $37 billion last year from theft.t's up more than $3 billion from 2009. analysts say retail employees are taking more risks because they now have a better chance of finding a new job if they get caught. >> one way to look at it. >> head scratcher. >> that will look good on the resume. >> we all pay for snacks and checked bags at the airlines. flyers are willing to shell out extra bucks for something else. access to short security lines. a survey by the u.s. travel association finds 45% would either be very or somewhat likely to pay as much as get this, $150 a year to undergo a background check so they could zip through the faster security lines. not surprisingly, frequent fliers tend to like this idea a lot more than others. >> if i were a frequent flier, i would like to get through. >> flying for business regularly, four, five days a week, yes. >> think about it, too. nowadays, you have to show up an hour before, even a quick puddle jumper to new york city, you could just zip right in. it could be 15 minutes. >> does

the national retail federation does a survey every year. we're more patriotic this year than ever. a lot of americans over 20% are going to buy something patriotic, something red, white and blue, a flag. something for the yard spending on our travel, resorts. all of that stuff. 31 million americans are going to be traveling versus 27 million last year. people are out there having fun. >> absolutely. and part of the fun, the big food, the barbecues and the likes. how much are we spending on that? >> a lot. 64% of us will be attending or hosting a barbecue this year. it's the same statistics we see year in and year out. we're spending $61 on the cookouts. up a little bit from last year. hot dogs, hamburgers buns. we eat 150 million hot dogs over the forth. total cookout spending coming to $2.3 billion. >> a lot of that on food. >> how many cookouts are we looking at? >> 40 million cookouts attended by 235 million americans. >> wow. >> most of us are going to a cook out. it's the all american past time. nice weather, nice to hang out with your

according to the national retail federation providing 42 million jobs. >>> in our financial fix todaywe're focusing on how you can save money just by changing a few habits at the office. yesterday i talked to financial planner karen lee and her first tip to saving money at the office? cutting back on that specialty coffee. >> let's say you go get a specialty coffee five days a week when you go to work. that's four bucks a day. that's $960 a year. >> oh, my gosh. >> if you just go by the gas station, $1.50. if you just make it at home or drink it at work, free to pennies. next, you're going for a bottle of water. you stop at that gas station. you grab one at the gas station. it's at least a buck a day. $240 a year. buy a case of them at the grocery store, get it down to 13 cents a bottle or 30 bucks a year. like you just said, fred, bring your own thermos and fill it up yourself. it's free. >> now, bagging it for lunch. >> you know i always say the number one place people overspend is eating out. let's do the math. a lot of times people tell me you can never eat out for ten bucks. ten

. $69 billion, that's what the national retail federation is expecting will be spent this year. and that after many, many parents say that they are going to spend a lot less this year. but it will be the second biggest shopping season of the year, second only to christmas. a lot of parents are going to try to save by buying generic, you know the store brands, online or sales. half of parents say they try to get their stuff through a sale. but let's look at k-12 spending. really, about $604 on average. but in the southwest, especially california, we're talking about clothing and shoes, $345, supplies, $101, electronics, $239. for the total of just under $687. i got to say, a little troubling for the folks in cupertino. i do not see an ipad on there. i think we can throw all of that stuff out, get an ipad and two pens. call at day. >> you're a dad that will make a lot of kids happy. >> 6:44. now appears san francisco mayor ed lee may think about running for a full term. in the past the interim mayor said repeatedly he would not seek a full term as mayor. but when a "san francisco

the the national retail federation expects consumers to spend $603 on clothes, school supplies and electronic, down a half percent from last year. with gas prices quite high and job growth at a near standstill shoppers will seek bargains. nearly 60% plan to visit department stores with several less expensive private brands. china has been at the center of producing counterfeit goods. now the country is taking it one step further. an american in southwest china stumbled upon three fake apple stores. the whole store. workers there were wearing traditional blue shirts like they do like in san francisco, the stores have posters, even advertising, ipads and iphones, but none of them were actually listed as legitimate sellers for apple products. that's getting a lot of buzz this morning. >> that's worse than buying those designer handbags in china town. >> the workers didn't even know that it was a fake apple store. >> that's amazing. thank you very much. always good to see you. it's 5:16. shuttle "atlantis" back home, safe and sound. it touched down just a few hours ago. it's the final mission, th

the national retail federation says the cost of the cookout is up 12%.rom $54 last year to $61 this year. all the cookout staples are higher, even the charcoal, lighter fluid and propane to fire up the grill. and yes, even the beer. >> you have these raw materials that have to get shipped to the factories to make the beer. >> reporter: then from the brewery to the distributor to the retailer, and finally to the backyard after guzzling a lot of gas to get there. but there is another reason. bad weather in bavaria, germany has caused a worldwide shortage of hops. >> they're talking about one-third of the world's supply of this key ingredient for beer. suddenly either unavailable or certainly available in lesser quantities. >> reporter: prices on fireworks have gone up too. so much that dozens of cities have cut back or canceled displays of the rockets' red glare. but still, this july 4th is expected to offer a lot of pop. chris clackum, nbc news. >>> and no more pop than out in potomac, where doug is with the family out there. peg and her crew. >> hello, g

according to the national retail federation providing 42 million jobs. pretty significant. >>> every week we focus on ways to get a jump start in the workforce. if you are mid-career or you know someone who is, you need to listen up. in today's reclaim your career, we focus on workers whose careers have stalled. val valorie burton is the author of "where do you go from here?" a lot of times people are humming along, feel like they're veterans. then they feel like wait a minute. i'm kind of stuck. how do you reboot? >> i asked questions on facebook on people who they were dealing with. a lot came back, i feel stagnant, middle management and can't break out. it's a frustrating place to be. >> what is that first step? >> it's really, really important that you be honest with yourself. for a lot of people that's really hard to do. one of the ways you can do that is to make sure that you're not only looking at what is it you can do a little differently but what do other people say when they look at your career. so if there was like a hidden video camera over t

the national retail federation says shoppers spent more than $55 billion last year on school supplies launching discounts mid-summer this year. >>> for the latest news about your money, check out the all new cnnmoney.com. "american morning" will be back after this quick break. >>> the "news of the world" hacking scandal in great britain hitting a former member of the prime minister's inner circle. andy coulson, a former media chief for david cameron, arrived at london police station for questioning overnight. he edited that tabloid, the tabloid shutting down under very intense and mounting pressure. >> sunday's issue is going to be the last after 168 years. reporters from the paper are accused of breaking into the voice mails of celebrities, politicians, even missing children and relatives of the london transit bombing victims. it's part of rupert murdoch's worldwide media empire which includes fox and "the new york post" in the u.s. murdoch's son james talked about the move to close up shop. >> i feel regret. clearly practices of certain individuals did not live up to the standards a

a cording to a national federation retail survey, a spike in stealing could mean the economy is on the. retailers lost billions more in 2010 from theft than in 2009 during the heart of the recession. they believe during tough times retail employees are more afraid of being caught and fired so they are less likely to steal. when the economy i am proves and the chance of finding another job improves, workers take more risk and theft goes back up. poppy? ? >> thanks, felicia, investors win get the latest look how retails fared in june. wall street wants to know whether people were spending or not because consumer spending is a critical force in economic recovery. with gas prices slowly falling, investors are hoping the consumer spending has picked up. even with big discounts available, many shoppers remain nervous about spending, especially with unemployment so high. we'll keep an eye on all numbers. >> can you get your financial fix every day on cnn money.com. what's more important than weather on a holiday weekend? a hot dry weather is putting a damper on a lot of fourth of july celebra

i like to ask consent to have a statement prepared by the national retail federation in the record. >> so ordered. i think the senator -- i thank the senator and now turn the -- one of the commissioners of the federal trade commission. and general counsel for the department of congress. three pretty good witnesses. ms. brill? >> thank you, chairman rockefeller. i am a commissioner of the federal trade commission. i appreciate the opportunity to give testimony today. vast amounts of information are collected and used by many different types of businesses. employers, retailers, advertisers commentator -- advertisors, data brokers, and others. they have mounting bills, so to tide them over between paychecks, she gets a pay day long. she then goes to the drug store and buys diapers and children's tylenol with her loyalty card. soon after in the mail commission get coupons for children's motrin and an offer to refinance mortgage on terms that seemed too good to be true. that evening, she goes on line to spend time on social and working side. while on-line commissioners as she is receiving

the national remodel federation reports retailers lost $37 billion last year from theft that.n $3 billion from 2009. however, some experts say this is actually good news for the economy, because employees are more likely to steal when they feel they have a better chance at finding another job. >>> new developments with some of those bay area absent visits trying to deliver supplies to the gaza strip. the new protests that they are staging today after a recent showdown at sea. >>> also, it is the perfect place to celebrate the 4th of july, but the reason parks in one state are no longer open for business. . >>> we're at the martinez police department where law enforcement continues despite a heavy heart all because of the death of an officer. completing an atm deposit in record time... that's a step forward. go! go! with deposit friendly atms, you can make ultra fast, secure deposits with no slips or envelopes. take a step forward and chase what matters. 10 pieces of the world's best chicken, [ male announcer ] bring home a complete meal for your family. 3 large sides and 6 bis

and on wednesday the nation's retailers report total existing home sales, also for the last month. on thursday, the philadelphia federal reserve releases its outlook on manufacturing in the midatlantic region. we'll be watching all of those reports for you. and that will do it for the show today. thank you so much for joining us from lake tahoe this week. my guest next week, investment strategist jason trennert. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you again next weekend. [ man ] did we get anything good? sweetie i think you need a little extra fiber in your diet. fiber makes me sad. oh common. i dare you to taste one hint of fiber in fiber one. oh, i'd be able to tell. why don't i just eat this bag? and how can you talk to me about fiber when you are eating a candybar. you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. it's not too well done? nope. but it is a job well done. what are you reading, sweetie? her diary. when you're done, i'd love some feedback. sure. your mom and i read that thing cover-to-cover. loved it. thank

federal level. this kind of legislation is not just for san francisco, this should be national. let's make it easy. i have talked to several small retailers and frankly, here is san francisco again. i respect everything you say. the verdict is still out on what the phones do and what they don't do. there has been no conclusive evidence out there from anyone, including the world health organization, and i do not feel to be in the place of the city and county of san francisco. this would be one of the first in the nation. this is what we let congress and our senators for to come to washington, this should not be done on a local level, that is what i cannot support this. >> i would like to respond. i don't believe we're regulating the phones. there is no regulation whatsoever. i don't think it falls in the same per view but i do respect your point of view. thank you. >> is it the department of the varmint that also fits or is this from supervisor avalos or his office? >> this was supported by supervisor avalos. >> my concern is that i don't want to repeat the point, but i think that this is a little bit onerous that they have to issue