after closing apple posted stunning sales vaulting past nokia and samsung to become the world's biggest smartphone maker, and way above analysts' estimates sending shares even higher after hours. >>> results from tech bellweather ibm sent big blue zooming up almost 6%. >>> coca-cola's sweet results sent coke up over 3%. >>> harley davidson was the s&p's top performer after reporting its first sales increase since 2006. among financials, wells fargo shares jumped almost 6% after a profit hike. key corps rose more than 4% on a boost in earnings. on the flip side bank of america and goldman sachs fell on disappointing results. >>> in data june's new home and apartment construction jumped to a six-month high. single family home construction saw its biggest increase in over two years. >>> home builders lennar and dr horton gained on that news. >>> after the bell, struggling yahoo! reported a net revenue drop. yahoo! is down more than 20% from its 52-week high in mae. >>> today's ipo is the real estate listing service zillow, opening at $20 a share. >>> and finally, trade unions in italy are

as earnings the season continues, the misery also continues for nokia. they are reporting a steep net loss. the loss ofs 360 million euros was worse than expected. they remain the world's largest automaker by volume but they have surrendered their lead in the global smart phone market to apple. they have failed to come up with attractive smart phone offering to compete with the iphone as well as research in motion's blackberry. which one do you have? >> i had a blackberry for years and i have switched to iphone. i have gone over to the dark side. >> that's the verdict. >> german media sources said that berlin has dispatched a senior diplomat to ask the president of yemen to step down. he has arrived in saudi arabia where he is being treated in hospital. he was injured in a bomb blast in june. saleh is being asked to accept the proposal from the gulf cooperation council which would see him step down in exchange for immunity from prosecution. the natal led force in afghanistan has begun handing over responsibility for security to afghan forces. -- the nato

after closing apple posted stunning sales vaulting past nokia and samsung to become the biggest smartphoneker, and way above analysts' estimates sending shares even higher after hours. >>> results from tech bellweather ibm sent big blue zooming up almost 6%. >>> coca-cola's sweet results sent coke up over 3%. >>> harley davidson was the s&p's top performer after reporting its first sales increase since 2006. >>> wells fargo shares jumped 6% after a profit hike. key bank had a boost in earnings. on the flip side bank of america and goldman sachs fell on disappointing results. >>> in data june's new home and apartment construction jumped to a six-month high. single family home construction saw its biggest increase in over two years. >>> home builders lennar and dr horton gained on that news. >>> after the struggling yahoo reported a net revenue drop. yahoo is down more than 20% from its 52-week high in may. >>> today's ipo is the real estate listing service zillow, opening at $20 a share. >>> and finally, trade unions in italy are up in arms over "degrading merchandizing of the human body."

rounding out the list, sony ericsson, kellogg's corn pops, myspace, "soap opera digest" and nokia. >>ten members of congress are asking the food and drug administration to look into the negative health effects of hair-straightening treatments including the popular brazilian blowout. now it comes after reports of respiratory illness, skin irritation, and hair loss, possibly caused by formulas high in formaldehyde. formaldehyde is classified as a possible carcinogen by the environmental protection agency. lawmakers are asking the fda for better regulation and labeling. the fda says it is investigationing the possible dangers but notes hair straighters in are considered cosmetics' and not subject to premark approval. >>> coming up next, the most elegant wedding dress you'll ever find for under $20. >>> finally, a bay area woman is taking top honors in a very unusual contest. >> you have to see this. this is laura lee's wedding dress. the milpitas woman won a $500 prize for this design after entering a competition put on by chiccheapweddings.com. it's made out of toilet paper. she used tr

the 63rd prime time emmy awards will be presented september 18th at the nokia theater in los angeles, and it will be hosted by jane lynch. you can go to ktvu.com to find a complete list of the emmy nominations. go to the right now section on the front page. >>> ahead, what the government had to say this morning about the jobless rate. harry potter fever burning hot, fans can hardly wait. ahead, what some of them are doing tonight. >>> taking a live look at the big board on wall street, stocks were positive at the start of the day but they've slipped into negative territory, thanks to some new consideration about comments that ben bernanke is making on the capitol hill today about the situation with the debt ceiling. the dow currently down 42, at 12,449. now, initially what brought optimism this morning, the labor department reported fewer people applied for first-time unemployment benefits last week. the government says 405,000 newly unemployed requested jobless insurance, and that is the lowest level in almost three months, more than 11,000 of those were state workers in minnesota, w

whether it's google or nokia, windows mobile -- >> you don't have to make different tailored -- you canleman. they don't have make different versions for android. this would seem like something a lot of companies would want to do. does this mean we'll see a mass defection away from the app world, from app stores? >> i think you could see that with names like f.t..com -- with fd.com. but smaller developers aren't big enough to do their own thing. for those smaller developers who no one's heard of, it's going to be tougher for them to defect to the web, do their own thing and hope people find them just by searching. >> that was maggie lake. >>> despite the hype and fanfare, for apple it hasn't been an easy six month. the stock fell by 3.5% in june, the worst first half performance since the financial crisis erupted in 2008. apple's great at breathing new life into its existing stable of products, but it seems as though investors are hankering after something else, new gadgets from the company. they're also worried about competition from the like of google. >>> next on the show, europe and

nokia smartphone sails were overtaken by iphone sales during the second quarter of the year. on the back of the debt deal agreed in brussels on thursday the euro is trading higher against the u.s. dollar. as you can see it's plunged more than 3% against the greenback now trading at $1.44. let's look at the british pound. that's worth $1.63. and when it comes to the yen you can get 78.61 yen for each dollar. >>> let's check out the song market action here in asia. it's been a positive ending to a caution week. similar to what we're seeing happening in europe. but definitely a bigger reaction than the one we've seen in europe so far. banking stocks really pushing to the upside. among them hsbc and standard chartered putting on a very good showing. china's biggest bank is expected to post a profit exceeding $31 million this year. they made that prediction on thursday. he also said the bank should deliver earnings growth of at least 21% for 2011. he said the bank's business is booming thanks to its diverse revenue sources and surging economic grouchlkt his projection is pretty mu

second quarter apple sold more smart phones than both nokia and samsung. >> starting october 1st at&t says it will start limiting speed for the 5 percent of the customers with unlimited data smart phone plans who clog the air waves the most. >> from data speed to speeding around the bases the oakland a join forces with police and community organization to change summertime for kids in west oakland. here's education reporter lee ann. >>reporter: playing which have el ball on warm summer day was not imaginable for most of these west oakland kid. not listening ago this area was jaws parking lot. the oakland a's helped to make this dream possible. >> ceremonial first pitch. >>reporter: newcomer second baseman weeks threw the first pitch. >> somebody look me somebody they conspire look up to. see guys like me in the streets all the time where they are from and see there's a positive influence. >>reporter: some of the kid were star struck. p.m. >> got a lot of potential witness. >>reporter: part of the 43 summer camp called together we can. it's put on by the oakland school police departmen

they liked what they saw from at&t, morgan stanley, nokia and travelers to name a few.rosoft, bet tlaern expected revenue delivered after the closing bell. that's it in cnbc first in business worldwide. now back to "hardball." >>> welcome back to "hardball." congresswoman michele bachmann is back in the headlines after it was reported earlier this week she siffers from migraine headaches which at times incapacitated her for days. is this a valid campaign issue or an instance of sexism? joining u.s. to talk more about that and a nasty feud between debbie wasserman schultz and congressman allen west, clarence, i'm trying to think of the analogous situation historically speaking for when the health of someone running for president has been questioned, and i can't quite find it. you know, it's not exactly tom eagleton. a far more extreme set of circumstances. it doesn't feel quite like questions about ronald reagan's age, either. how do you see this in a historical context? >> as long as it's not as questionable as tom eagleton, because he was -- it was revealed he had take

at&t, nokia, pepsi, continental, us airways all on the list.er today, after the closing bell, microsoft will release the earnings report for this last quarter. the federal reserve is slapping wells fargo with an $85 million fine. the bank is accused of falsifying loan applications and pushing customers with good credit into expensive mortgages when they actually qualified for better rates. wells fargo agreed to pay the fine but did not admit to any wrongdoing. the federal trade commission says failed mortgage lender countrywide overcharged more than 450,000 borrowers when they fell behind on their mortgage borrow borrowers. "american morning" is right back after this with the last ever landing of the space shuttle "atlantis" program. [ male announcer ] if you're looking for a pickup truck, check out the miles per gallon. the length of the power train warranty. and the horsepower. only ram delivers this kind of muscle. that'll thin out the herd real quick. guts. glory. ram. >>> crossing the half hour now this morning. space shuttle "atlantis" fl

the prime time shows will be shown september 18 at the nokia in los angeles. >>> not as many people are lighting up in california. new state figures show the smoking rate has reach an all time low. last year 11.9% of adults in california smoked. that's down from 13.1% in 2009. and the rate is down dramatically from 1988 when cigarettes were first taxed in california back then the rate was 25.6% for men and 20% for women. >> wow. >>> let's quickly go to sal. get the latest on the roads, sal. >> reporter: we're looking at just a bunch of different things. i want to show you that interstate 280 is going to be slow this morning. people avoiding 87 are going to other freeways. there's also been a crash on 280. this morning quickly we're looking at the toll plaza that is cleared out. let's go see. >> sal thank you, we have a lot of low clouds. we just heard from cristina who say, she's cold. mostly clear in the north bay. there'll be a sooner burn off but it's going to be cooler for a while. 50s, 60s, 70s. record low maximum temperatures are possible. bakersfield, fresno and palm springs. tal

just last month, apple lost a major league battle against nokia. is saying nothing about those reports. >>> the obama administration now has ten days to say whether it plans 20 appeal a court ruling prohibiting the enforcement of don't ask, don't tell. san francisco's ninth circuit court of appeals delivered that order yesterday. president obama has already signed a repeal of the ban but that repeal doesn't take effect until 60 days after the pentagon says that military readiness will not be affected by ending that policy. pakistani intelligence says three u.s. drone attacks killed 38 suspected taliban fighters in northwest pakistan in a 12- hour period overnight. the attacks followed the obama administration's suspension of more than a third of u.s. military aid to pakistan. this is an indication the white house does not intend to stop the unmanned drone program which has been a source of tension with pakistan. in syria, angry mobs attack the american embassy. demonstrators burned the american flag you see them there. they ripped the letters off t

when i was in egypt, i visited with nokia, my co-author and a coptic egyptian, coptic women. we visited the egyptian museum. she pointed out very specifically that none of the guide, the curators and the professional staff in the museum were of coptic origin. this was a deep -- she was deeply disturbed by this because to her it indicated the very custodians of the heritage that wasn't factors, that she could claim, they traced the history back thousands of years in egypt that they were cut off from being the custodians of their own heritage. and, therefore, it was an affront to her that you're not allowed to represent some of the history of the country. >> that's her interesting this notion of being there so long, it's their history but how does that play out in the relation between egyptians and copts. is a between muslim egyptians and copts? is this something that occurs in the rhetoric that is directed against copts in any way? does it complicate the rhetoric or relationship? >> i would defer to mr. maher. >> i think, when i was a child at school, we never been taught abou