especially for nintendo which makes about 80% of its sales overseas. nintendo also came out and said that it's revising down its earnings forecast and will also likely cut its dividend as well. and for the yen, if you compare it to this time last year, it gained about ten yen. for every yen gained, that cut a lot of losses in dollar terms. now today we will have results from the mega banks. numeral holdings. shipping companies as well as trading houses. so a lot of earnings still to come. back to you. >> thanks, for that. ramin. the leading japanese electronics makers depend heavily on experts. >>> the firms released results for the first quarter through june on thursday. toshiba says sales fell more than 8% and panasonic dropped 11% and fujitsu dropped almost 6%. another factor for the decline is disruption of output by the march 11 disaster. the three companies said the dollar exchange rate for earnings are between 80 and 85 yen. they say their businesses will be under more pressure if the dollar stays below 80 yen. trance tans . >> translator: if th

nintendo share prices dropped a whopping 47%. it's a similar story, not so bad for sony. they cut its profit estimate for the year by about 25%. this was yesterday. that's because of weak demand for tvs like this bravia over in the u.s. and europe. sony's share price year to date has also dropped by about 35%. but, you know, it's not all doom and gloom. they say its net income surged to about $1.31 billion. this is for the six months to may. forecasters had been -- forecast had been for earnings for about $1.09 billion. so that was a bit of good news that led to the jump in share price. but in the aviation world, a bit of turbulence. this is for singapore airlineses. they missed its first quarter estimate. yesterday they reported an 82% fall in net income for april to june period. that's because of high fuel costs and flat demand that were responsible for that. >> ramy, thanks very much for that round-up. >>> u.s. stocks ended down for a fifth session in a row on thursday, as well, of course, as the debt deadline continues to loom. al son kosik wraps it up on wall street.

the nintendo wii is showing good results as therapy for people with an illness called parkinson's disease. the disease affects muscle control. patients who play the games regularly seem to do better at controlling their movements. they're calling it "wii-hab." >>> stay with us. there's lots more still to come on "teen kids news." >> we'll be right back. >>> and now our fox in the classroom update. >> the souris river crests at historic heights in minot, north dakota, 4 feet above a record from 1881. floodwaters affecting more than 4,000 homes and displacing more than 12,000 residents. >> it's overwhelming. it's sobering. it's just sobering. when you're not in a flood, you don't realize what a flood brings. >> officials saying it will be a few weeks before the waters fully recede and months until the effected communities get back to normal. >>> the international criminal court issues arrest warrants for libyan president colonel moammar gadhafi, his son and his chief of intelligence on charges of crimes against humanity including murder and persecution. the presiding judge saying there are

earnings from a who's who of high-tech companies in japan, from sony, sharp, toshiba, panasonic, nintendo, fujitsu, as well as construction machinery giant, komatsu, we'll see how the strong yen, stutter i ing currencies play in china play as well. >>> electronics giant panasonic will sell its holding in sanyo electrics home appliance business to a chinese maker in the same field. sources say the company decided to sell sanyo's washing machine and refrigerator operations in japan and southeast asia to cli in a's haier. the selling price is estimated at about $128 million. most of the 2,000 employees are expected to be transferred to haier. sanyo became a subsidiary of panasonic in 2009. sanyo has been in a tie-up in haier in home appliance development. the move is part of panasonic's efforts to streamline operations that overlap with its own. the sale to haier comes ahead of the final integration of the overall businesses early next year. >>> here's a recap now of the latest market figures. krk that's all for now in business. back to catherine. >> thanks very much, ai. >>> the operator of

the nintendo wii is showing good results as therapy for people with an illness called parkinson's disease. the disease affects muscle control. patients who play the games regularly seem to do better at controlling their movements. they're calling it "wii-hab." >>> stay with us. there's lots more still to come on "teen kids news." >> we'll be right back. >>> fast food -- it's as american as apple pie. but that doesn't mean it's good for us. to make healthy choices, we need more information. felipe tells us one place to find it. >> reporter: take your favorite fast food burger. according to nutritiondata.com, a whopper and a big mac each have more than half the amount of fat you're supposed to eat in an entire day. >> you've got to educate yourself about food, and a lot of what my book is about is just trying to tell you the difference between this industrial food and real food. >> reporter: eric schlosser spent two years researching the fast food industry. he wrote a book just for kids called "chew on this -- everything you don't want to know about fast food." it includes one surprising fa

demand continues to dry up for the once popular console, the nintendo wii. this may be a personal question. you think you can do better at president obama's job than he can and congress in solving the budget woes and staving off a possible debt default? a lot of folks are saying yes. there is a new video game that's different that gives you a chance to be a budget hero. seriously. it's an update of the original that came out in 2008. it's developed by the woodrow wilson center so it shows players how hard it is to carry out their grand budget plans. do you extend the bush era tax cuts trying to keep everybody happen and keep the government afloat and from going broke. this is perhaps the coolest, scott, and nerdiest thing i found all morning and i've bun up awhile. >> you got to make it balance. >> yeah. >> have a great weekend. thank you. see you monday. search engine aren't making us dumber but are changing the way we think according to a new study in today's edition of the journal science. the study points to something they call the google effect. the gis

dollar below the seventy nine again per dollar threshold exporters are the biggest losers with the nintendo dropping more than one and a half percent. on one percent and hong kong financials are also understanding pressure bank of china is losing almost two percent in china construction bank is dropping beyond. two hours ahead of the opening bell here in moscow russian markets finished wednesday's trading session on a positive note here's our one percent my sex half a percent of russian equities are struggling for direction of the last couple of sessions on the one hand problems with the west and that are keeping investors are they on the other i will prices are making stocks attractive but beating the capital doesn't believe risk appetite will grow in the coming weeks. going forward of the course of the next few weeks here it's difficult to imagine that the investors facing such a difficult head wind see in the west would put on a lot of more risk and obviously russia being an emerging market it's hard to imagine with this in mind that we would head higher generally with feel that towards

seventy nine again for the dollar threshold exporters are some of the biggest losers in japan with nintendo dropping over one hundred percent to see one percent and hong kong financials are also on the selling pressure bank of china and china construction bank on the top. in russia the r.t.s. has already started trading in the red but my say it's there will be given trading in around three minutes time some of the biggest drags on the r.t. . new calling gazprom they are down around one percent as well as declining bank stocks also lowers burbank leading point nine percent preferred shares pretty much the same picture and the metals and mining stocks are also down or recourses of the said we will have of course more next. really russian equities have been struggling for direction the last couple of sessions on one hand problems with rest and that keeping investors at bay on the other hand i will prices are making stocks attractive be to be capital doesn't believe risk capital will grow in the coming weeks going forward of the course of the next few weeks there it's difficult to imagine that

following a very large drop in sales, nintendo is announcing a dramatic $80 price cut to its 3d as gamingy say lack of games and stronger yen against the dollar and promoting the consul hurt their earnings. they hope to significantly reduced pricing generate momentum before the holiday shopping season. >> this just in, police have found pot, it could be the marijuana that led to an officer being shot at earlier this week. east bay regional park district police discovered at least one marijuana groves site in a wooded area that is near where the two suspects shot at an officer earlier this week. the officer was not hurt the police say that the suspects to use the high- powered assault rifles and there were probably at protecting the marijuana but no arrests have been made police do not know who the suspects are. >> of the new player of the giants, with the did philadelphia i just cannot figure out. how is it even possible the giants' willie hit 200 and they beat the phillies, 2 out of 31 of the best teams in the lead. karl's makes his debut as a giant. he was 04 at the plate but man, what

nintendo. it lost a tread amount, it puts so much of its saves in dollars and the dollar is dropping. the company is going to cut the price to $170. weirdly, the company's not going to make that cut until august 12. i would assume no one is going to buy between then and now. >> a lot of companies seeing tough performance. >> they have to do something. >> we all do. don't get me started. coming up on "today in the bay." the rebuilding process is finally set to begin in san bruno today. we've got a live report up next. plus, what happened inside an american airlines flight that forced to the turn around. >> pg&e crews are expected to start the rebuilding process in the san bruno neighborhood that was leveled by last year's deadly blast. but the people living here aren't necessarily happy about. i'm marla tellez. i'm going to explain why coming up. >> reporter: passengers attacked a pilot, witnesses jump in to help. chaos aboard a plane bound for sfo. i'm damian trujillo, those details are coming

dollars, panasonic lost 390 million, sharp 630 million, nintendo 327 million u.s. dollars. and they are just symptomatic. if you read through all of the different various reports, you see this repeated theme again and again. it's not just the march 11th disaster but it is also the currency, the world currency and that being the u.s. dollar sinking. it is not helping these manufacturers who have to live and die by the global currency and that being the u.s. dollar. manufacturers in japan when they repatriate are suffering under the strong yen and the u.s. dollar. what we are seeing is major downward pressure on the u.s. dollar. the reason for the downward pressure is all of this debate, the uncertainly out of what's going to happen in washington, d.c. that in effect is translating not just to weak corporate profits but also to an impact on the overall economy here in japan. the governor of the region where many of these manufacturers are based said that he believes that it's not just hurting the manufacturers but this is an urgent problem for the national government and econ

nintendo, lost money probably because so much is savings are in dollars and not the yet and the dollarumping. sales of 3-ds not hot either. it will cut the price from $250 to $170. weirdly that price cut won't take effect until mid august. so why any one would buy a 3 ds. >> those that don't listen to the great scott mccrew. or have a tremendous amount on their mind. >> thank you. it's 5:25. the man wrongly accused of beating bryan stow says he should be let out of prison early. >> reporter: he made it his business to feed the homeless on the treats of oak lanltd. he was show. now the search is on for the suitor. that coming up in a live report. >> a live look from the south bay this morning. temperatures creeping up,re neating up. it's 5:26 right now. >> reporter: it's been a long time coming for the san bruno neighborhood that was leveled by last year's deadly blast. good morning. i'm marla tellez. i'm going to have more on the rebuilding process expected to move forward today coming up. >> a high-speed chase goes through a number of bay area counties and ends in the central valley.

put down that nintendo, leave the x box and don't be distracted by that wii.as taken a time machine back to the 80s for a look at the forefathers of modern video games. he joins us live from the convention center to get your flock of sea gulls hair going too? >> good morning, laura. boy, does this bring back memories. the last time i played this game in an arcade i was probably 11 or 12, it was the early 80s. i'm talking about spy hunter. this is one of a couple hundred video games that you can come and play this weekend at the california extreme arcade show here at the santa clara convention center. it's the 15th annual show. they have spy hunter, a classic, i'm going to end there. robo tron, i remember that. asteroids deluxe, jungle king, we've got mark. i'm curious, you think about all of the gaming systems out there, is it hard to draw the young kids in or you find young kids who maybe they grow up on this, still come out here. >> i think the parents bring them more than anything. when they come they enjoy it a lot. the console games and everything, you kn

sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s. debt ceiling talk, the uncertainty, the world markets are in havoc. what that's translating to, ali, a lot of concern, a lot of corporate loss and concern this is now really going to affect japan's economy. ali? >> kyung lah, joining us live from tokyo. >>> the economy is the talk of the nation. and jay leno wants you to know how bad he thinks it is. >> the economy is bad, it's bad. >> come on, jay, how bad i

nintendo is cutting the price for its new 3-d hand held game system by about $80.duced the $170 tries tag, and it comes after sales dropped by almost 40% over the last three months. despite all the bally-hoo in the 3ds, more are turning to iphones, ipads, and facebook to get their game on. >>> the u.s. debt showdown isn't just a news story in the u.s. deposits around the globe have their eye on congress too. china, which holds more than $1 trillion? n u.s. treasuries is particularly nervous. nbc's tazine ahmad has more on this. china is very worried. can you explain to the viewers why they are nervous about this? >> reporter: china, alex, has the most to lose because it's the largest foreign holder of u.s. treasury debt. it holds the largest amount of treasuries. about 8% of the total u.s. debt, and it depends very much on americans to buy its exports and some are saying that today it's been vosiferous and saying that the u.s. had been kidnapped by am yil forces and this was irresponsible and the bickering needed to end because so many countries have so much to los

noir nintendo >> you are trying to great your old leads by increasing the reward money. did that create a new for you? >> so far not. hopefully someone comes fourth. it has bid 48 days now. a wall 48 days? we want her home. >> we wish you the best. mycobiont le, that is michelle's brother. >> we are back with more in a couple of minutes. here is a live look outside the golden gate bridge. it looks like clouds are starting to clear. you can see the traffic moving into san francisco. another cool day until next week. we will be right back. >> a live look from cathedral hill. we are waiting for sunshine and waiting for the warm-up. james fletcher has the answer. >> i love the mt. tam shot. it shows us a low clouds that some folks are dealing with and the blue skies above. on the other side of the oakland hills in walnut creek, you see a lot of sunshine. whecoastal fall will continue to be a fopart of our forecast. gradual warming contract for next week. let's take a quick look at where temperatures are in the current hour. mid-upper 50s is the general trend. the fog has pul

>>clayton: i tried to raise money to buy my first nintendo.$8. >> coming up, we told law is in deal on the debt ceiling and karl rove says the president only has himself to blame. looking good! you lost some weight. you noticed! these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. multigrain cheerios... can getting enough vegetables make you feel good? oh, yeah. v8 juice gives you 3 of your 5 daily servings of vegetables. v8. what's your number? an accident doesn't have to slow you down. with better car replacement ailable only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? @ ♪ sing polly wolly doodle all the day ♪ ♪ hah @ >>clayton: time is running out on the debt ceiling and president obama is back to the blame game. >> i

they're dancing to "hey ya", a nintendo win day. >> juliet: the one on the left has a krooer in dancingng weight. change your mind? >> rarely dance or play video games. >> juliet: he's a testament, look at this. >> dave: in the video game debate, but the debt ceiling debate. all right. right now, john boehner says they need a deal in hand by monday. if in fact they're not able to get a deal done, what is the worst case scenario for the country? >> the worst case scenario that we default. we don't pay the bills. but a lesser problem is about to occur. that's what's called a downgrade. let's not get too if he can cal here, but what a downgrade would mean is that we lose our financial reputation, we lose that triple-a gold-plated rating that says we are king of the hill. we lose our stature in the world financially. >> juliet: is that close. >> i think it's very, very likely to happen, let me tell you why for a second. even if we get no deal. if we get no deal at all, downgrade. if we get a deal that doesn't cut enough from spending, downgrade. >> dave: do you believe that. that's what the