that's out nordstrom sells, clothes and shoes. so they got their head tilted like a st. bernard that is confused. so i kicked him under the table and i said, doesn't our governor have a wonderful sense of humor? knows how to get your attention. and we ended up coming -- we ended up coming back, and then we lad -- had to go meet with the developer at his headquarters, and so we went up to his headquarters, and it was independence day. may 1st. rhode island independence day, and we flew up there and went to this guy's office. he had an office that was an old post office that had windows that you press a button, shades came down, screens came down, and all the malls he built. we had to mange sure -- make sure he was -- due diligence. during the meeting there's kid -- not kits -- 26-28 years old, and they're apparently the developer's kids. so the presentation stops and sunland has to ask questions, and he said, you're a wonderful operation, and you're like a one-map show here. i see you have a lot of people working for you, but you're the boss, you're one person and all dep

that's all that nordstrom sells, right? >> [laughter] so the nordstroms are looking at bruce, they've got their head tilted like a st. bernard that's confused, you know? so i kicked him under the table, and i stopped him, and i said doesn't our governor have a wonderful sense of humor? he knows how to get your attention. [laughter] and we ended up coming, we ended up coming back, and then we had to go see, we had to go meet with the developer at his headquarters. and so we, we went up to his headquarters, and it was independence day. not 4th of july, may 1st. rhode island independence day. and we flew up there and went to this guy's office. and he had an office that was an old post office. he pressed a button, shades came down, screens came down to show us how rich he was and all the malls he had built. we were putting money in, he put money in, we had to make sure we were doing the due diligence thing. so this guys shows us his tremendous operation, and meanwhile, there are a couple of kids coming out. not kids, 25, 26, 28

nordstrom stock has been hitting a series of new 52-week highs, but the stock was down about 2% after it cut its outlook. financial stocks were the weakest, thanks to this sharp drop in goldman sachs, off 3.5% with volume jumping five-fold. this is goldman's lowest stock price since last august. rochdale analyst dick bove cut his opinion to sell after yesterday's insider trading conviction of hedge fund owner raj rajaratnum. prosecutors argued rajaratnum received some of his illegal inside information from a now former goldman board member. finally, while energy prices stabilized, cotton, wheat and silver continued their recent slide, silver slipping below $35 an ounce. and that's tonight's "market focus." >> tom: as the american job market tries to rebuild the workforce is getting older every day, 29 million american workers are 55 years old or older. this is an all-time high. one in five u.s. workers are at least in their mid 50s thanks to the baby boom generation. mark friedman is the founder and c.e.o. of civic ventures, and author of the big shift, navigating beyond midlife. welc

[laughter] so the nordstrom's are looking at ruse and they have their heads tilted like a st.bernard, just confuse. i kicked him under the table and i stopped him and i said doesn't our governor had a wonderful sense of humor? he knows how to get your attention. [laughter] and we ended up coming, we ended up coming back and then we had to go see, we had to meet with the developer at his headquarters. so, we went up to his headquarters and it was independence day. not the fourth of july that may 1. we flew up there and we went to this guys office. he had an office that was there was an old post office that had palladium windows and if you press buttons shades came down in screens came down to show us how rich he was with all the multiyear bill. we were putting money in and he was putting money in. we would have to make sure we were doing the due diligence thing. he shows us his tremendous operation and meanwhile during the meeting there a couple of kids coming in and out. they are like 25 or 26 years old, 28 years old and they are apparently the developers kids. the presentatio

. >>> we get the take on april's retail sales along with earnings from kohl's, macy's, and nordstrom. friday's positive sentiment had woes of on going debt problems. >>> in a battle for global brand domination, apple has unseated google from the four-year reign at the top according to the report out today. the driver of traffic to on-line news sites safe. according to a study, the search engine provides 35% of the top new web visitors. the median value of salaries, bonuses, and long-term incentive award for the ceos of the major companies surged 11% to $9.3 billion. >>> speaking of big paydays, engineers are competing for a $250,000 prize for the first human powered helicopter. the hand and foot pedaled craft has to hover above the ground for 60 seconds to claim that prize. >>> the red wings creep back, the hawks tie up chicago, and trick shots. >>> plus the lakers bow out and look like sore losers doing it. your "early morning" sports headlines are straight ahead. >>> hot temperatures once again and severe storms. your forecast is coming up. you're watching "early today." you're watc

after the bell, nordstrom dropped after cutting its full year earnings outlook. elsewhere, facebook admitted a claim first reported by the daily beast that the social network hired a prominent public relations firm drawing immediate attention to privacy practices at rival google. facebook insisted its involvement remain a secret. >>> and finally, the prague zoo is making loads of money off elephant dung. gardeners using it as a fertilizer are scooping it up for about $2 a pound. goes well with breakfast, doesn't it? >>> coming up, an injury forces tiger to sit. the bulls ran past the hawks and beltran belts three. plus, the san jose sharks take a game seven stanley cup thriller. >>> in weather, it's almost the favorite time for the forecast, your weekend forecast. that's coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, most professional athletes will tell you in a best of seven series, they would rather get swept than lose it all after winning the first three games. last night, that's what hoc

i used to work at nordstrom in the women's shoehsection.asked what size do you need that in, we've all got to start somewhere. as i mentioned, it's a gorgeous day out here. the sun is finally coming up. it's always coldest before the sun comes in. >> you and al bundy, huh? you and al bundy. had to go there. >> everybody has got to wear shoes. >> that's right. and the cuter, the better. warm toes, ladies, no regrets this morning or today. you can wear open-toe shoes. conditions. it's going to be really, othe a this withp+ con3qq+ees going a beautiful day overall with a lot of onshore< we will be dealing with breezy conditions throughout the day will@ our temperatures are going to drop wed.zltomorr to see a litte of onshore flow. will drop off by 5 degrees as we head through tomorrow. so we are forecasting a couple of records. san francisco, santa rosa. i also believe some cities in the east bay will get very, very close to breaking records but thisseven-day outlook shows you t very short-lived, mini heat wave. after that we'll drop off subst

other stores including nordstrom, target and kohl's reported increased sales but not as strong as analysts forecast. they say rising gas prices may be forcing consumers to cut back on spending in some areas. >>> if you're having trouble finding pants with pockets big enough to hold your ipad, help is on the way. there's a blog on the internet that tracks the cargo style pants that can hold an ipad. the blog is also accepting photos of anyone who discovered a new brand with tablet size pockets. the site is called tactical pants blog. we'll get a link up on the channel 2 website if you want to check it out. go to web links at ktvu.com. >>> donald trump announced late this morning that he will not be driving the pace car in an indianapolis 500. his sponsors the car that will run in the race on may 29th. he said it would be inappropriate to do so because he may soon declare his intention to running for president. trump has been the target of a onlane campaign to drop him from the indy 500 ceremony following his controversial comments on president obama. >>> tonight on ktvu at 5, the fight agai

nordstrom, $68. >> very adorable. >> sun-loving moms, that is great looking. >> it is.autiful hats last weekend at the royal wedding. >> oh, yes. >> we all know what today is, derby day. white house black market, $68. look at this. >> that's adorable. >> this will be a conversation piece. >> it looks absolutely adorable. it's good looking. you save on the vitamin d and all of that. what about what you are wearing? this is part of something you can get your mom. this is sa doshl. >> we love it. royal wedding over but it still doesn't mean you can't treat mom like a queen. this says happy mom. it's by pro mom couture. she's our twitter friend. everything she prouz celebrates motherhood. all sorts of options out there. you can get this at whole foods or logon to our website for other locations. it's 42 bucks. so cute. >> i'm digging this dress. it's bright and fun and it's target, mary ann. >> check it out. this is one of the most beautiful stores in all of new york city. they have partnered with target, a whole resort line. they have pillows, dinnerware, this gorgeous dre

oh about into business here in our team nordstrom has finished playing the world's longest substate pipeline across the baltic and start pumping gas from russia to germany in the out of some analysts say the eleven billion dollar construction has certain delivery weaknesses as compared with liquefied natural gas supplies but the head of north strange says the project has clear advantages for the consumer. i do not seem pipelines. for pipelines. and for the cost well for them. and the supply oh come on they're so they could. be flexible it's come good this can go. to war for a year and you're in the one hundred one competition in the. pipe and the coast. and especially. let's take a look at a snapshot of the markets performing this our oil prices as back up regaining some ground after seeing significant overnight losses like sweet is currently trading above the hundred dollars a barrel mark while france is a bit below the one hundred twelve dollars per barrel. and in asia japanese stocks are trading sharply lower as the market returns from the long holiday exporters are among the main losers

thanks matt i went about your business here in our team nordstrom has finished laying the world's longest subsea pipeline across the baltic and is to start pumping gas from russia to germany in the autumn some analysts say the eleven billion dollar construction has certain delivery weaknesses as compared with liquefied natural gas but head of north streams says the project has many consumers just. as pipelines. for pipelines. use small groups and for the cost well for the bio it was so close. and the truth is flexible it's kind of. this can go. off to war. in the one hundred m. competition in the long. pipe that's for custom house especially . you know. let's take a look at how the markets are performing this hour here's a snapshot oil prices that's backed up regaining some ground after seeing significant overnight losses light sweet is currently trading above the hundred dollars per barrel mark while bright is a bit below one hundred twelve dollars per barrel. and in asia japanese stocks are trading sharply lower as the market returns from a long holiday exporters are among the main lose

is now a quarter past the hour here in moscow your thoughts here now at nordstrom has finished lang the world's longest sea pipeline across the baltic a multi billion dollar project will start delivering russian gas directly to europe by autumn do you see us know what. business doesn't get more details on this from a korean or say what does this mean for european gas supply well warry a statement issued by north stream management clearly says that europe will soon have a fixed link between the european gas grid and some of the world's largest gas reserves in russia for at least thirty s. now why is it important for your first of all buses wants to diversify its gas supplies to europe and to avoid transit countries like ukraine and belarus where the member the rosily had overpayments in recent years now this is especially important after the recent events in the world as well there is an increase concerns about nuclear energy in general nuclear safety and energy imports from north africa so north stream is designed to basically carry enough natural gas to meet demands of twenty six milli

had this been signed him back in two thousand and five the nordstrom project inception here then it was unlikely that this project would have seen the light of day as the package is intended to separate gastric juices from ownership of pipeline transit systems in europe something that gazprom would never of agreed on. now the conclusion of the project is somewhat fortuitous as well as japan is currently facing its worst nuclear crisis since the nuclear disaster and europe has now also backtracked on its various nuclear programs pushing russian gas to the fore once again. russia. exports huge is the move comes in response to recent fuel shortages in the country when oil companies went off to rich pickings abroad leaving this mystic markets running on empty the energy is being pushed by the energy industry which wants hike local energy prices to trigger a cut. but the tax on refined oil products would be hiked instead moves designed to make russian oil companies reluctance to sell fuel abroad and avoid a simple short or just hope. of the character of the global economy in a period of rapi

welcome to business good to have you with me nordstrom has finished laying the world's longest line across the board take the eleven billion dollar construction majority owned by cast from its to start delivering gas from russia to germany in the autumn bypassing transit countries such as ukraine. stretching from the book in russia to grow in germany the one thousand two hundred twenty four kilometer pipeline is to pump fifty five cubic meters of siberian gas to the heart of europe a majority owned by gazprom the project has received in floozy or stick backing from germany in the past however analysts some doubt that the feasibility of such an ambitious and expensive project plan that there would be insufficient demand in europe and he is russia would not be able to fill it however the nuclear crisis in japan has caused major european countries to rethink their energy and policies thereby pushing russian gas to the fore once again and went for gas in europe showing signs of rebounding christine just correct. believes the completion of the project is coming up just the right time. the north

other stores including nordstrom, target and kohl's reported an increase in sales. >>> a surprise in california's budget crisis. ktvu's pam cook has more on why it's about more money an expected. >> reporter: good news for the state's budget, bad news for most of us taxpayers. this new development could also complicate things here in california. now the state is reporting an unexpected $2 billion surge in tax receipts. that was way ahead of expectations. it will help lawmakers close the budget deficit. the problem, the windfall could complicate the governor's push for tax increases, which he said are needed. we spoke to people this morning about what they think. >> there are a lot of single parents out here. taking more taxes would take more money from us and that would take from our families and homes. >> reporter: the money comes from income taxes. it's about 5% more than expected. governor brown's office does point out that the state constitution require unexpected receipts go back to the school. at the same time it came in from personal income taxes, corporate taxes are $650 mill

there's a little bit of a fee to post your deal, but if it's a really in-demand deal, like that nordstrom really popular. it actually sold for higher than what it was originally sold on groupon because people just wanted the deal. so you can make a profit. >> make a little money on it. all right, farnoosh, thank you. >> you're welcome. >> we'll be r,,,,,,,,,,,,,, >> be sure to stay with cbs for live coverage of the launch of the space shuttle "endeavour." ,,,,,,,,,,,,,, headlines... this morning san mateo county po g down of a >>> it is 8:55 a.m. time for news headlines from cbsa. san may deo county postponed cuttling down this -- pay deo county postponed -- pate owe county postponed cutting down this 300-year-old oak tree. >>> santa cruz man severely beaten outside dodgers stadium heading back to the bay area today. the family of brian stowe who is still in a medically induced coma is transferring him to san francisco general hospital. he will arrive about 12 noon. >> budget cuts forcing the oakland police department to make changes. some 45 officers will move into a new major crimes uni

i'm going to shop at walmart instead of, you know, jcpenney and nordstrom and these other places. and that is an immediate -- that is an immediate hit at the wallet for all the monetary stimulants, and physical stimulants, it's going into one pocket and going out of one pocket every time you have to fill up the car. >> to that point, robin, this week "the new york times"/cbs news poll out showed that only 34% of americans approve of what president obama is doing with the economy. how long, in your view, then, does it take to turn something like that around, if, for example, we continue to see improvements in the jobs picture, and see gas prices down over the summer? >> i mean, short of connecting with his inner fdr and having a second new deal, honestly i don't know what the president can do at this point. there's been unprecedented fiscal stimulus, monetary stimulus. you know we talk about the federal reserve. not only bringing rates down to zero, but going out there, buying hundreds of billions of dollars of treasury securities to keep interest rates low, to effectively beg peop

. >> they sold out online in 24 hours but they're available at nordstroms.the money. >> for moms who like to travel? >> three pieces in great colors. $63.99 for all three pieces. my mom ties a million ribbons onto the black luggage as it comes along. this is better. at least it's a color. it doesn't look like a carnival on it. >> you've got interesting accessories for ka lip sow. >> they did a line for target. this is to put in your bag. i always think it's nice when you're on vacation when your toiletries are in nice matching bags. it feels like you're relaxing and pampered yourself. >> that's a good idea. you hate when you travel and your necklaces are all tangled up. for the coffee-loving mother. >> i have this actually in my house. it makes single-cup coffees. i brought it from home just to show. it's so nice to be able to say, here, pick your coffee. you make a cup and it comes out in less than a minute. it's available at macy's starting at $99 and up. it's a great gift if you love coffee it's a really sleek design so it goes cool in the kitchen. these