shares of newscorp added about 1%. bit of a relief rally. and that's tonight's "market focus." >> tom: on friday, automakers release june sales figures. it has been a month marked by high gas prices, higher vehicle prices and a shortage of some models. tonight's "street critique" guest isn't hitting the brakes. she's hilary kramer, editor of gamechangerstocks.com. nice to see you. you're looking at ford, the sole u.s. auto maker not to take a bailout during the hard times, share price in the middle of the range it's been in for the past year. what are your expectations? >> well, ford has been really beaten down vees avery the rest of the market. my expectation is we could get back up there towards that 52-week high. the reason is that ford is done well with with their fuel efficient cars, tom. in may, 74% increase in two new models and 32% across the board with all their fuel efficient small cars, but even the ex plosher last mob saw 135% increase. 47-mob high in terms of explorer suv sales. but the key here is that ford was just a problem i

six years ago, newscorp bought it for $580 million. we look more closely at all this with jessi hempel who follows the tech world for "fortune" magazine. and josh bernoff, a senior vice president at forrester research and the author of two books on social media. josh bernoff, let's start with you. are we watching the inflation of tech bubble 2? >> i certainly think there's no rational way to understand these valuations. i want to be clear here-- social is extremely exciting. there's a lot of business perspective, a lot of optimism that goes along with it, but i think these valuations are based on where people think the next buyer will come from, and not on where the actual revenues of these companies are going. >> jessi hempel is it a little different this time in that some of the companies we are talking about actually do have revenue streams and do make money? >> that's exactly right. i agree with josh. i think that it's impossible to explain exactly what's going on here with the exuberance, but this is not the first bubble. and i th

we could soon see a sale of myspace-- newscorp could announce a deal as early as tomorrow. according to published reports, at least two bidders are still in the running-- online ad company specific media and private equity firm golden gate capital. specific media is seen as the frontrunner. the deal is expected to be a mix of cash and stock for around $100 million. more than half of myspace's workforce is expected to be laid off after the sale. >> tom: a bankruptcy judge has signed off on a $150 million loan to keep the los angeles dodgers running while the team reorganizes. the approval came over the objections of major league baseball. commissioner bud selig called the loan from a j.p. morgan hedge fund "inferior" and said it carried excessive fees. he wanted the judge to approve a cheaper loan to the team directly from major league baseball. >> susie: tonight's commentator says it's time for the white house to "walk the walk" when it comes to innovation and job creation. he's michael mandel, chief economic strategist at the progressive policy institute. >> president obam

newscorp ended its six-year relationship with the social networking site sending it to an online ad firm for $35 million. may sound like a lot of money but it bought myspace for $580 million. the new owner, specific media is teaming up with justin timberlake to try to breathe a little new life in myspace which has been losing money and was overtaken by facebook in terms of customer traffic back in 2009. so leave it up to j.t., scott, to bring a little sex geek myspace. >>> nearly every person in the restaurant from the chef making the dinner to the busboy cleaning the table will know how to make sure your meal does not make you sick. a new food handler law takes effect on friday. kris sanchez has details on what restaurant owners and workers are required to know. >> if you've worked in a restaurant, a lot of it is basic common sense. >> reporter: she's talking about the two-hour food handling safety course and certification which, starting friday, will be required of nearly everyone who works in a restaurant in california. >> some of it is technical. you have to know some specific number

newscorp is selling the website for $35 million, much, much less than it paid to buy it. >>> well, for those who want their smartphones to impress there is the new tag heuer link phone. the casing features alligator and lizard skins, 18 karat rose gold or titanium and diamond accents. the android phone has a five-megapixel camera. the phone retails for $6,700 and i feel for that price you really should get an eight megapixel camera. >> that's what you pay and then you leave it in the back of a taxi. >>> when we come back, the american left alone on the shark infested great barrier reef. >>> plus this -- >> 11 [ bleep ] over the top [ bleep ] homosexuals and a granny. >> the airline pilot who said that for all to hear now has something else to say. zo you take any surface, and place it between the earth's crust and my feet and i will bring floor care justice down upon itit oh. please sign that card for carl. ♪call 1-800-steemer. >>> take a look at this. quite a mess. a big water main break caught on camera in sacramento. you can see how quickly it flooded three city blocks. up to a foot

newscorp had high hopes for this company. 35 million -- that's crazy.dering how much they paid for it, $500 million a few years ago. >> less than 10% of what they paid for it. >> unbelievable. it shows you how quickly technology and the world's taste for how they use technology are changing. >> i'll see you in 25 minutes on "american morning," christine. >> see you soon. >>> roger federer out at wom wimbledon. now it's time to get smart. today's question, how much sleep does an average american get? here's your options, 5 hours, 58 minutes, 6 hours and 45 minutes, 8 hours and 23 minutes or are we lazy buggers that get 10 hours and 3 minutes? think about it. the answer's coming up, right after this. ? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] n

newscorp wants to y space. >> the co-founder of twitter is leaving the company. he says that he will work for the company but that the most effective use of this time is to get out of the way. stone says he hopes to focus in helping schools and nonprofit organizations. >> we will be right back as the kron 4 morning news continues. >> a boat capsized overnight. bart has agreed to pay the mother of oscar grant $1.3 billion. the chance pretensioning agency settled with his daughter for 1.5 million last year. grant was alarmed when he was shot and killed last year. bart officer johannes mehserle was found guilty of the crime and served a year in prison. >> a check of the weather forecast as we take a look at the golden gate bridge. >> there is called, drizzle and a low cloud cover. look as san jose, a different picture. it just depends on where you are this morning. we are cloudy along the coast. this afternoon, the sunshine will potentially fuel pop-up thunderstorms. temperatures are really not getting above the low 70's. mostly cloudy and breezy this evening with t