came down a 14-mile valley swept through williamsburg williamsburg, skinnerville, florence and new hampton. to give a sense of the power to appreciate the time it took to pass through portions of the valley. in the lower portion the land was turned into a plane and it took an hour and a half to fled northampton to flood into the connecticut river. in the of the region's the 600 million gallons of water went through a williamsburg williamsburg, skinnerville and hated bill 15 minutes each. the worst industrial disaster at the time. over $1 million of property damage was sustained almost a hundred people left homeless and 139 were killed my input book is about the only village not be built skinnerville and william skinner. what set his story apart is the success and he achieved after the disaster. skinnerville had the worst destruction, it was obliterated from the face of the earth and a one. left, his house was the only one left standing and he lost more financially than any other individual he lost the equivalent of $35 million. he was ruined but because he made choices that nobody else wou

. >> that's good news. hampton thanks for checking in. >>> well, in just.ndreds of doctors may have received counterfeit drugs including botox. these unapproved drugs are becoming a big problem and can cause some really serious health problems. dr. steven hoppen joins us with more on the reports and how to protect yourself from fake botox. good morning, doctor. >> hi, erika. >> this is alarming. if i go to the doctor and get botox i could be getting fake botox or not botox, period? >> it's possible, in the past year, there have been five fda warnings about fraudulent, fake, counterfeit botox. this is usually coming from pharmacies in canada. we personally get three calls a week from canadian distributors offering us botox and they say it's the real thing but i'm not sure it's the real thing. >> can you remind people what botox is used for? >> this is -- botox, this is an example of a patient getting botox. 1.5 million treatments this year. so it is safe. but botox is a poison. it is a poison. so the manufacturing of this has to be very careful, very exactin

. >> happy new year to you. hamptonk you so much. >>> while you are planning your new year's eve celebrations, people across the world are already celebrating. >> the world's first major city to see midnight. auckland, new zealand is celebrating 2013. they brought in the new year with a bang a few minutes ago at 6:00 a.m. our time. next up, australia. which rings in 2013 at 8:00 our time. >>> a new york city more than a million people will gather at times square to watch the ball drop. there's 28 new waterford crystals. they create more than a ton of confetti. each with words written on them. as for security, thousands of police officers, canine units and counterterrorism teams will also be on hand. >> 2, 1, happy new year! >> organizers lit and dropped the 12,000-pound ball yesterday. everything works properly. you can see the ball drop on nbc's new year's eve with carson daly here on nbc4 beginning at 10:00 tonight. carson will ring in 2013 from times square. >>> getting around our region tonight will be a little easi

at this time, places like the hamptons and new york, we saw a lot of inventory come on the market, pricesand in fact, inventory went up 5% to 10% in the hamptons. the next quarter, the first quarter the following year, we saw a dead market. nothing was happening. it took a couple quarters for things to rebound. of course, they did. dolly's absolutely right. today's sort of party will be the hangover in january and february. i think it's going to be a very quiet market. that's what we saw in 2010 when there wasn't even a tax increase, just the expectation that we would have one. >> diana, dolly is talking about pockets of price changes. what are you seeing in terms of home prices overall from the broader market you're looking at? >> well, from the broader market, we're seeing big price improvements. we get report after report this fall. they're not coming up quite as fast as they were over the summer, but we have definitely hit a bottom in home prices. especially when we look on the low end. when we talk about this housing recovery, we need to focus on the lower end, get them sold off. tha

clinton and former president clinton would like to buy a house in the hamptons or upstate new york. > san jose the last in a series of four meetings will be held tonight on the hiring of a new police chief. chris moore will step down next month after serving less than two years. the goal of the meetings to gain public input. >>> reminder, mark calendars for the abc7 share your holiday food drive, this wednesday. meet the news team as we broadcast live from around the bay area taking your donations for local food banks. for more information and a location nearest you go to abc7news.com/community. >>> still ahead, up or down just released survey telling drivers what to expect when it comes to the price at the pump. >>> crash site recovery new item found at the scene where mexican-american superstar jenni rivera's plane went down. >>> lines fall and flames rip through a big rig in the east bay overnight. the dangerous situation that made this fire more troublesome. >> reporter: i'm terry mcsweeney at san francisco general, a man is dead, a woman fighting for her life, after both were fou

live from the hamptons in the national historic mansion. >> still ahead on eyewitness news sunday morni >> tim asked me if i started christmas shopping. i haven't even begun, because i don't know what to get. >> you'll have to ask michelle was a period she will tell you exactly what to get. >> we have some great holiday items. we were talking little bit about chocolate. who doesn't want chocolate. each of these pieces are $10 and under. they are a great quick gift for anybody you have. for $20, find some fun and unique gifts or games that are great for the entire family. this one is kind of fun. it's a little bit like tic-tac- toe gone crazy. it also helps to exercise your brain as well. we have a couple of gift sets that are under $50. this first one is a four piece hair and body care set. it actually comes pre-rap for you. it's in their signature rosemary mint scent. and who doesn't love hot chocolate? williams-sonoma has a line of gourmet hot chocolate and marshmallows. you can make an edge the flavors. i brought my favorite. this is a little froth or for your mail. if you want to ma

and that is sinking to the south and colder air across the lakes and for upstate new york and far south as bing hamptonnd scranton and that is trying to wind down. we'll focus on the cold overnight and there is some places dropping into the 20s and a look for 28 degrees and 27 anymore gaithersburg and frederick, 34 degrees in the district with the winds much lighter out of the west- northwest at 5 to 10. >> and tomorrow, 45 degrees, a chilly day and a lot of sunshine and a great day for the lighting of the national christmas tree, although take your layers, a cold start in the morning for the kids, sunny by noon and tomorrow night, 4:00 and about 42 degrees. the temperatures are going to be rising again. not as warm as we had the last few days and still back up close to 60 degrees mark and, ven maybe 62 degrees on monday. and your eyes don't deceive you there. that is a thunderstorm we had to throw on. tuesday and wednesday of next week and looking into the low 50s, which is still bargain territory, if you ask me. >> thank you, sue. >>> this is the time of the year when we hear fox 5 ask to you watch u

news. there are small gains on wall street. let's check in with hampton pearson with more on that. hi has the rest of the business headlines, too. hampton? >> we do have stocks trading in positive territory. the surprise resignation of italy's prime minister offset by a good report on mcdonald's sales. checking the major averages this hour, the dow is up 27 points. the nasdaq is up 14, the s&p up two. italy's prime minister, the man credited with restoring confidence in italy's shaky economy has resigned. italy's stock index dropped 3%. there was a ripple effect in the u.s. and european markets earlier. monty said he can't leave the country after losing the support of sylvio berlusconi's party. apple stock is back around $531 a share after a leading investment firm, jeffreys, cut the future price target by $100. a leading analyst says smart phone saturation may lead to slow growth in the coming years. the new price target is $800 per share as opposed to 900. apple stock is down 25% since the record close above $700 a share in september. and the world's biggest hamburger chain, mcdo

hampton. sue? >> you got it. >> michelle, as you know, we are awaiting president obama's news conference.is expected to nominate senator john kerry as next secretary of state. well take that live when it does occur. plus, with the fiscal cliff follies upon us, how do you protect your portfolio? well talk with the chief executive officer of northern trust. she has $180 billion on her management. we will find out where she is putting that to work. toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> we are waiting yet another news conference. this one from president obama where he expected to nominate john kerry as the new secretary of state. well take it live when it happens. we think it is just in a few minutes. sue?

hampton. thank you very much. so our new gun control measures the solution. our next guest says not so fast. the rush to reduce the number of guns throughout could be very misguided. and don't forget larry's credo, free market capitalism is the best path to prosperity. "the kudlow report" is coming right back. ck. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida

the company has a new board including ross levinson who ran yahoo for a few months before marissa mire was hired. >>> thank you very much, hamptonu. happy new year. >>> no doubt about it, it's perfectly fine to be excited. >> some fans may have taken excitement a little too far. >> are you serious? this guy decided last night was the best time to dispose of his christmas tree. he didn't take it out to the woods. he jumped on it as part of his redskins celebration. imagine what he would do if the burgundy and gold won the super bowl. >> stay clear. stay away from him. >> i would imagine he's got pieces of ornament stuck in his arms and stuff. >> or the sap from the tree. >> maybe only -- i don't know if it was fresh or not. still, what a way to celebrate. >> coming up at 6:00. hear from the red skin who ran into the record books during the team's victory. >>> plus, we're hours from going over the fiscal cliff. who is being called on to try to bridge the gap between lawmakers. >> we are waking up to a chilly start on this last day of 2012. we'll find out what 2013 has in store. stick around. news 4 at 6:00 starts right after the b

hampton. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax rate goes on 55% and the capital gains tax rate expected to increase from 15% to 20% and the brand new 3.8% medicare tax on wage earners above 200,000 a year and a possible future cap on general deductions is all part of that renewed interest and estate planning. among those closely watching what the president and top congressional leaders do over the weekend to avoid going over the cliff, millions of married couples facing a higher tax burden. the bush-era tax law which eliminated the so-called marriage penalty for joint filers is expiring, meaning with couples with next

. ♪ >>> i'm hampton pearson and this is your cnbc news now.s modestly higher as investors continue to hope for a deal to avoid the fiscal cliff. the dow closing up 59 points, the s&p adding 7, the nasdaq gaining 6 points. >>> when it comes to auto safety, it turns out out chaepe be safer. according to the insurance institute of highway safety, the 2013 honda accord and suzuki came out on top with toyota's camry and the new prius receiving poor ratings. overall, the family sedans outperformed their luxury counterpar counterparts. >>> the busiest day of the year for u.p.s. the last chance to send packages that will arrive in time for christmas without paying an overnight fee. the company expects to ship over 28 million packages. >>> amazon is getting into the tv business. the company investing in original shows but with a twist. consumers have a say in which pilots are produced. that's your cnbc news now. ♪ >>> welcome back to "hardball." there was some tough questioning today for the state department in the senate and house hearings about the b

. >> you saw a picture of him today in the post or daily news walking around east hampton, long islandhair look? he uses the same barber as i do. >> he had a hat on. >> i lost my hat on at the cnbc party. i bought it at jcpenney. $24. terrific. trying to help jcpenney monthly sales. i did buy the hat there. mid town store, david, you want to go by with me sometime. we can get a pair of trousers and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the nego

hamptons. they are getting out. >> we currently have seven deals. one has been postponed until next year. it has been a frenzy for everybody to pick out because of the newin. cheryl: the wealthy are selling because, you have to pay capital gains on a secondary home. >> correct. cheryl: there are a lot of buyers out there because they are trying to get the low interest rates. >> what is happening is they feel that the sellers are motivated to break down the price because currently in the upper bracket, if someone were to purchase, they will pay an additional almost 9% under capital gains. because of that, it is made much more flexible to go ahead and make a deal on the property versus this year then next year. cheryl: this is general with you and your competitors, as well. does this carry over into the next year? >> it is kind of interesting when you get this kind of spree of high-end home selling. what it does is it really generates, it is kind of like a flywheel the fact. cheryl: we were showing some of the pictures of the homes. some homes selling for 15 to $20 million. >> we had a house that was sitting there for a while and finally we brought it in

hampton? >> the president in the coming weeks will engage for new solutions. >> to engage broadly, law officials and mental health officials and educators. because this complex problem requires many solutions, not just one. >> now downtown washington, there were demonstrators demanding tougher gun control laws marching on the offices of the national rifle association. the powerful pro gun lobbying association. meanwhile, the sandy hook praj dihas leading lawmakers and long time gun advocates have a short list of policy changes, restoring the assault weapons bien. dianne feinstein saying she will introduce the legislation when the congress returns. >> we can protect the second amendment rights we can and will protect it but we can also look at ways we can make our country and our children more safe. i really believe we can sit down and have that dialogue and hopefully movement on that. >> now meanwhile, sense friday, on the white house, we the people petition, website, there were nearly 149,000 signatures calling for tougher gun control measures. mandy? >> of course this will continue. thank you

hamptons. according to reports, the ceo of goldman sachs has purchased a sprawling home in the upscale bridgehampton neighborhood in new york. the 8,000-square-foot home boasts a tennis court, gardens, and a wet bar. the new york post reports the house was listed for a whopping $32.5 million. ahead of today's sales numbers from mcdonald's, there's at least one burger believer. the golden arches dissapointed wall street last month by reporting a 2.2% decline in same-store sales for october - the first decline in 9 years. now, an analyst with janney capital markets believes november's same-store sales should increase by 1.7%. back in september, the firm downgraded the burger chain to "neutral," but is now upgrading the stock back to a "buy," with a $104 price target. some turbulence for boeing. first, the federal aviation administration issued a formal rule late last week requiring all u.s. carriers to inspect fuel systems on boeing's new 787 dreamliner. now comes word that two different boeing customers have cancelled six plane orders, representing a nearly $1.9 billion loss for the company. groupon stock popped followi

many of them will be staying at hampton inn there for free. >> gregg: new developments in the investigation of a subway shoving death in new york city. police saying a woman is in custody after she made statements implicating herself. investigators released this sketch after the incident. they say the victim died thursday night when a woman pushed him on to the tracks in front of an oncoming train. surveillance video shows the suspect running away afterwards. name of the woman in custody is being withheld pending formal charges. >> arthel: is military facing a new threat? mandatory spending cuts putting pressure on the pentagon. can it still do the job of protecting america if a zeal not reached in washington? >> gregg: just days after a major storm, a nay one is following right on its heels. we're tracking the latest. >> and reading, writing and guns new push to protect our kids in schools after the sandy hook tragedy. >> it is legal in utah. >> i actually brought a holster but nobody would know i could easily git get it and stays on me all day. card gives you 1% cash back on all purchases

hampton, thank you. >> in the wake of those newtown shootings, will the gun industry face new action. >> less than a weekgo 26 people lost their lives. with the investigation ongoing, the brady center says it is premature to say what legal action will be taken. the 2005 protection will lawful commerce in arms act protect manufacturers, distributors and dealers have being held libel when others misuse their product. where they are vulnerable is if their product are defenctive. they say, first, see if the dealer is negligent. second, see if there is any negligence in the gun's design. should the industry have added safety features within a feature like authorization technology preventing a gun from being used by persons other than the registered owner. robert leevy says you may rebut this argument. and michael krause, professor of george mason university says product liability law, the rule of thumb is the product has to be unreasonably dangerous to sue a manufacturer for liability. he says the dangers are well known. so calling them unreasonable may not be deemed reasonable in a court of law. back to you.

the latest news out of washington about the newtown shootings. hampton. >> good morning, andrew.start with the fact that later today in newtown, connecticut, there will be the first two of the 20 funerals for the schoolchildren massacred in their classroom last week. sunday night, president obama remembered the victims offering words of hope and promises of action to stop future tragedies. >> in the coming weeks i'll use whatever power this office holds to engage my fellow citizens from law enforcement, to mental health professionals, to parents and educators, in an effort aimed at preventing more tragedies like this. because what choice do we have? we can't accept events like this as routine. >> now, leading lawmakers are renewing their calls for tougher gun control measures. including in the coming weeks -- excuse me, from representative carolyn mccarthy, whose husband was killed in the 1993 long island railroad mass shooting, she's calling on president obama to back pre-existing legislation, basically to fix the background gun check system. quoting now, i ask you immediately t

new years. >> a whole lot of us have the case of the mondays. >> people are most stressed on mondays. >> a sorbologist at u.c. berkeley, dr. christine carter partnered with hamptonsurvey on when people are happiest and most stressed out. not surprisingly, mondays are stressful, weekends make people happy, but what we complain learn from this is how to inject some of that weekend state of mind into our 9:00 to 5:00 lives. we can have saturday on wednesday night, for example, have pancakes for dinner. >> reporter: before the dreaded monday morning arrives, make a list of things to do and decide when you'll do them. >> you don't have to get them done. you just have to tell your brain when you do it, and that will reduce a lot of anxiety. >> reporter: dr. carter says we're happiest when we take multiple mini vacation rather than extended but fewer holidays. >>> don't forget about mini breaks throughout the workday. experts say even a few minutes of walking or deep breaths of fresh air can do wonders. erica edwards, nbc news. >>> i love breakfast for dinner, by the way. ij going to take a mini break right now. >> what is it about pancakes that makes people happy. >>

new york. lizzie easeleddest, will, 17, was about to close out his high school years at the prestigious seminary in nearby hampton, massachusetts. graduation was just a few weeks away; that is, if he could make it without being expelled. will was charming, handsome, and much to his parents' dismay, completely ambivalent about his education. even so, skinner hoped he would go on to yale next year. also enrolled in the boarding school was libby, 14, who was attending the grove hall school for girls in new haven, connecticut, but her school year had just ended, and she was back home begun. joe, 11 and belle, 8, were each eager for summer break. getting ready for the summer games, joe had bought a baseball bat the previous weekend, and the very youngest, katherine, only six months old, had recently made her first appearance in public with the world delighting in her just as much as she in it. skinner's train pulled in, the departing passengers gathered their hats and bags, replaced by a throng of new faces coming aboard, each one looking for an available seat preferably by the window if he or she wished to read in th

let's bring in hampton pearson for more reaction on the news conference. >> well, a couple things strucke, no mention from wayne laperriere about if you will what's emerged as kind of a short list of policy options, gun control options in the aftermath of the newtown shootings. that is perhaps banning assault weapons, perhaps banning the high volume ammunition clips, or even putting efforts to shore up the background check system in this country. instead, really the nra if you will sort of doubling down on the notion that guns in his words, the only alternative to the gun in the hands of a bad person is a gun in the hands of a good guy. again, their solution going forward, and he minced no words on all of this, at least at a minimum, put an armed security person in every school in the country, even while it evolves to the national program that you mentioned of a so-called national shield as envisioned by the nra for our schools. so if anybody thought the nra was going to sort of back off or this was a paradigm shift in its basic positions about the right to keep and bear arms and defende

hampton pearson with your cnbc market wrap. the dow falls three. the s&p ended flat. the nasdaq down eight points. at today's newsthe central bank chair said interest rates would remain low as long as unplamt remains above 6.5%. and american airlines will charge $88 more for a basic ticket that includes checked baggage and no fees for flight changes. that's it from cnbc, first in business worldwide. now back to "hardball." >>> welcome back to "hardball." there was a hint of movement on the fiscal cliff deal between president obama and speaker boehner yesterday. here's where things stand for now. the white house sent over a proposal that lowered the revenue target for the president obama from $1.6 trillion to $1.6 trillion. he also increased spending cuts to $600 billion. so you have three things he's moving on there. speaker boehner was not impressed sending over his original offer of $800 billion in revenue. by the way that was the number last summer, summer of '11. acknowledged there's a long way to go. let's listen to him. >> i remain the most optimistic person in this town, but we've got some serious differen

hamptons? >> no. the biggest thing is that warren buffett is just wrong. and he lied or he did nobody was talking about when he said in "the new have a good investment decision, you are not going to make it regarding any change in tax policy. we are seeing one of the biggest intergenerational transfers of wealth. wealth managers are built up with people trying to transfer millions to their kids before the taxes go up in the estate tax goes up. basically, we could be looking at a private stimulus package happening. >> you are talking about transferring 25 million-dollar houses from one rich person to another, right? >> you are buying stuff back and forth. the parents to give that to their kids. the estate tax is 35% on everything over $5 million and agosta 55%. anything over $1 million. it is horrible. melissa: dennis needs a break after running the 12 flights of stairs. this time this item is for christmas. this starbucks card will set you back $450. the card itself costs $50, then the card itself is $450 for the gift card. you cannot buy them at the store coming have to give them from gil.com. >> of i spent $450, it will be a

hamptons. >> to a holiday party. long, flowy skirt and great jewelry from bobble bar. all under $100. >> do we want it -- okay, just asking. i never know with jill. might be the newon thing. >> i think it depends on your company. i have to say, it depends on who you are with. >> looks great. >> looks fantastic. come on out, ladies. thank you guys. >> you want to stay cozy in your sweatshirt while cooking dinner tonight? >> scotto family is here with the ultimate comfort food, spaghetti, meatballs, and sausage right after this. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> and now on today's holiday kitchen, it's the simple dinner for the day after christmas. you made a big dinner

hampton inn in webster expecting between 100 and 150 of the firefighters and thanks tonations lot will stay free of charge. local fire departments are offering lodging for out of town firefighters. >> some newormation on the deadly subway push in new york city. police now say that they have a woman in custody who they say made a statement implicating herself in the murder. this is surveillance video showing what appears to be the suspect right there, running from the platform, the sketch that you just saw earlier was what she may look like. a medium built woman believed to be in her 20's and witnesses claim she got up from a bench, suddenly pushed the man flying onto the tracks as the train approached the victim was a 46-year-old man from india and he lived in new york city. and this is the second fatal subway push this month. a $12,000 reward is offered for information about this horrific crime. >> kelly: fox extreme weather alert right now. concerns that the northeast faces another powerful snowstorm in less than a week. up to 20 in inches in some spots and now folks are bracing to spend another holiday weekend cleaning up after mother nature. maria molina is live with more details and i

new england, joining us, the best selling author of "fatal vision" and other books, joe gothic. >> good morning. >> steve: so 15 gothic street is the street address of the superior court courtroom in massachusetts. >> north hampton the everyday stuff that doesn't get the headlines. >> exactly. and write a book in serial form. this is the new approach i'm taking because the old publishing model just doesn't work anymore. and the magazines where i would publish something like this don't exist anymore for the most part. so things are happening on-line. i'm publishing it in episodes. i've written and published two episodes so far. there are four more to go. it will run into next spring. it's fascinating working this way. >> steve: it really is good. you know you're a great writer. at one point in the first episode i read yesterday, you said criminal trial is really a story telling contest. then in the second one, you tell the story of a guy named mr. walsh who had absolutely one of the most unique defenses i've ever heard. >> well, mr. walsh has a problem in his youth. he's a stopped four times for operating under the influence. 20 years went by. he married, he got a job. he was doing very well. he had a nice family