this is according to the oracle president and cfo. rick is going talk about oracle. obviously we thought we are going to to get an earnings preview but now we can go through this quarter knowing whether or not there are any sips of a slow down. based on this release it does not seem as though there is. >> i like that they are buying back 10 billion in shares. already they announce the buy back. let's be honest. we haven't seen the guidance yet. in a lot of ways we are going to talk about today. what is the need for enterprise spending. as we get there. >> according to the press release, a very specific time zone. of course the conference call will get underway. >> they said you're going to have record operating margins sometime this year. so right now, it shouldn't obviously go low. that might be the hidden gem. >> i think the $10 billion repurchase is really key here. already again, the noted technology analyst will join us later on in the show to dissect all of oracles results. jc penney michael francis leaving the company after only eight months on the job. when y

north america is important for oracle, and it's true, but oracle said we're going to come out, beat, and show you all. >> it's put together because of rick's note. you will see the stock trading up. trading up in part because they shock people. this was like a couple guys in the locker room just high fiving each other. i want to take this away from both fed ex and oracle. they're seeing good results from foreign business. suddenly here you have spain trading okay, ups, socgen coming up with software. >> and spain is trading well because of the yields. >> donald trump talking about buying property in greece. >> now you're really grasping at straws, aren't you? >> i'm grasping at those very mall red straws. i am saying it's not total negativity about europe. >> and that is predicated primarily on oracle. >> fed ex is saying that, but a company making an investment in europe. skblp how about express shipping volumes have lessened in the u.s. and asia. so there are still signs of softness. the stock is trading lower in the premarket. >> fedexhas been a history of disappointment. they did

oracle higher by 5%. >> j.c.ney marketing chief is leaving the company, months after he was hired away from target. it comes months after j.c. penney reported a first quarter loss. he was responsible for implementing the store's every day pricing strategy. that backfired with consumers. j.c. penney said it would introduce more aggressive sales. their shares were down 6% in after hours trading. >> well, you can find us at worldwide@cnbc.com. it's right there. use it. find us on twitter. julie boorstin -- >> or kelly evans. >> charlie doesn't have twitter but we're trying to get him on it. >> i tried it. >> do you follow people? >> i follow people. >> you don't tweet? >> i get spammed so there was a lot of stuff coming out, getting free i.t. services for my account. >> i'm shocked by how much you're here on twitter before you are here on anywhere else. >> modern day rumor mill. >> a quick look on what's the agenda. in asia exports in japan will come out with all-important trade figures for may. that's before 2:00 p

big data is something that a lot of oracle calls. i want to by e emc.r: how are you? >> all right, lee. how about you? >> caller: go phillies. the stock that next week the supreme court will give information about the health care law, and i want to know about quest diagnostics. >> i have a feel for quest. i think the stock is moving up. it was stalled for a long time. it is a fine company, but i'm not sure how it dove tails what may happen with the supremes. shelley in new york. shelley. >> caller: so nice to have you on tv. thanks for helping this small investor. >> that's what i'm trying to do. >> caller: a great big boo-yah from shelley in brooklyn. >> love brooklyn, be there later this evening. what's up? >> caller: jim, maybe you could help me, please. over a year ago i bought citi corp incorporated, symbol c. it was only $4.40 a share. i bought a couple of shares. then it split, which i thought would be a good thing, but they gave me very few shares and posted a higher value and i have lost about half the money. >> it's too low to sell. it is my f

plus details into the hewlett-packard oracle fight.nd let's go live to today's after the bell report. hi, john. >> there is oracle leaves hewlett-packard shocked. that is what the pc maker told a judge in court today saying two companies worked with out written contracts and said the cooperation came to an end six months after a settlement was reached over a transition from ceo to co-president of oracle. hp says it never saw at announcement coming and oracle quote, abruptly announced the data base would not be available to customers. sources say hewlett-packard is requiring ora cell to continue to develop software for the company and $500 million in damages. verizon communications offering bios from 1700 employees. the move after a year of negotiations with verizon unions to lower costs. and there is is a company spokesman says layoffs of a tool of last resort. they warned it will result in 600 layoffs. stocks managed a slight rebound today. your bloomberg silicon valley index took a different course about a half percent. and speaking

--oracle, inici la multimillonaria demanda y podra todava apelar la decisin.pidamente a nuestra primera pausa... take vo ---en el salvador... el presidente funes, cumple su tercer aÑo de gobierno y habla sobre el cambio de la moneda... take vo ---ademas... de sorpresa en sorpresa... las encuestas dan numero y acercan a 2 contendientes por la presidencia del pais... ya volvemos... segment ends top vo ----el juez que analiza el caso de la golpiza a un fanatico de los gigantes en el estadio de los dodgers el aÑo pasado continua escuchando la declaracion de testigos y en los proximos dias podria decidir si lleva a juicio a los acusados. ---louie sanchez de 30 aÑos y marvin norwood de 31, estan acusados de golpear salvajemente a bryan stow en el estacionamiento de los dodgers en julio de 2011. ---se dio a conocer que norwood admitio haber cometido la golpiza... en una llamada telefonica con su madre que fue grabada por la policia. stop open cu --hoy, mitt romney visit las instalaciones cerradas de "solyndra" en fremont, la fabrica de pneles solares que se fue a la

and we might look a little manier askance at oracle's numbers. the continued rally in the rail seems down right fanciful given the dramatic use of coal in this company. in fact, without more concrete evidence that europe will do the right thing, we have to believe that stock prices have already overrun where they deserve to go based on any near-term corporate prospects. but the cold hard facts dissolve in the face of a future that looks better. here's the bottom line. you get europe back on any growth plan whatsoever, you'll see a major rally that takes us higher than anyone believes. europe has picked austerity over growth time and time again, thanks to the germans. nevertheless, as demonstrated by today's wildly positive action, it's not too late to get the course correction that will turn around the world's fortunes in a dramatic and positive fashion that the germans have been against, but maybe they're changing their tune. i'm going to pennsylvania. >> caller: thanks for all the great advice the past few months for the home gamers. appreciate

oracle says it will appeal the ruling. >>> a survey in april asked about 1,000 people if they urinate in swimming pools. one in five say yes but mainly by mistake. a doctor involved in this study says there's something about a body of water, everyone a small one that opens a person's natural flood gates. many germs are killed in pools that are properly maintained with chlorine and ph levels. >>> jcpenneys effort to revamp its imagine is bringing controversy. mike mibach has the story. >> reporter: jcpenney stock is down 40% since february and here is what you're talking about. it is a new father's day ad that is hoping to spark some new business but at the same time is also starting to spark some opposition. it first popped up in 1992, 110 years later its faithful are still shopping. >> a company that i've shopped since i was a child. >> reporter: the aging retailer recently released this new father's day ad. a real life same-sex couple hugging their two children. part of the copy reads what makes dads so cool. >> i'm not particularly wowed about the ad. >> why? what is it? >> just ma

if he's the ceo of oracle, how about a hawaiian island. larry ellison is paying cash to buy 98% of lanai, the sixth-largest hawaiian island. oracle makes business software. and ellison is one of the wealthiest man in the world. it includes two resort hotels and golf courses. >> that's crazy. a pretty big island. not like a teeny island. >> long island -- >> buy long island. that would be expensive. >>> next on this thursday morning, great white sharks returning to the beaches of a summer mecca. >>> alec baldwin defending himself on late-night tv over the latest bust-up with a news photographer. >>> and big news for college football fans. along-awaited playoff plan, well, it is here. [ male announcer ] count the number of buttons in your car. now count the number of buttons on your tablet. isn't it time the automobile advanced? introducing cue in the all-new cadillac xts. the simplicity of a tablet has come to your car. ♪ the all-new cadillac xts has arrived. and it's bringing the future forward. the moisturizer in other body washes sits on

the chief executive of oracle is purchasing 98% of the island of lanai, of the six largest wine islandking price was between 500 and $600 million. really a small fraction of his estimated net worth of around $36 billion. an expert on why a says this is really not your typical real- estate deal even for him >> and number of investments like these are driven not necessarily by profit loss statements, they're driven by the beauty of the place >> so what does he get? to resort hotels, two championship golf courses, 30 mi. of paved roads, 400 unpaved roads, and no traffic lights. there is still a native population of just over 3000 people. the mostly work at the resorts but they undoubtably have some questions about what larry ellison wants to do with their island. >> id musty nice to be a billionaire >> and he has spent his money and very publicly. he has tried to buy sports teams, he has brought the america's cup to the bay area, but this is something that is even beyond his previous purchases. >> pizza chains are rallying against the new law. why they say it is useless to keep tabs on al

. >>> oracle earned $3.45 billion or 69 cents a share in the quarter that ended in may. oracle was scheduled to report earnings on thursday and did not explain the change of plans. the company stock rose 78 cents a share in after-hours trading today. >>> efforts to do a coalition in greece, and keep the euro as their currency. greek voters in the favor of the conservative party yesterday. the party did not get enough votes to form a government on its own. the party leader is working in hopes to have a coalition in place by tomorrow. >> i think the election in greece yesterday indicates a positive prospect for not only them forming a government, but also them working constructively with their international partners. >> yesterday's vote allowed greece to remain with the european union, leaving world leaders at the g 20 summit relieved, including president obama. the president says the election leads the greek people in the right path to succeed and prosper. >>> the dow dropped 25 points. a boost from bay area tech giants apple and ebay helped nasdaq to a 22 point gain. >>>

oracle ceo goes hawaiian. you will not believe this story. erica ferrara here with that and more. >> reporter: good morning, terrell. the federal reserve said it will extend its operation twist program in an effort to spur borrowing, but the fed wrapped up its two-day policy meeting with some grim news. the central bank scaled back its growth forecast for the economy and said unemployment would likely stay at or near its current rate of 8.2%. news from the fed sent most overseas stocks lower. tokyo's nikkei bucked the trend and gained nearly 1%. hong kong's hang seng dropped 1.5%. ed fetd's announcement didn't do much to inspire investors on wall street. the dow lost 12 points while the nasdaq stayed flat. >>> and greece's new leaders are preparing to take on the country's massive economic problems. prime minister antonis samaras was sworn in wednesday. he's the fourth prime minister in eight months. the newly formed coalition government will try to stick to the terms of a multi-billion bailout by implementing tough austerity measures. >>> an

we say congratulations to oracle.owley means good things for other tech companies in the bay area. >>mark: i thought companies had to stick to their dates of releasing information. >>rob: they can share the information whenever they get it, as long as they shared with the public first. >>mark: were watching microsoft also. >>rob: a state company with great cash flow. apple is going to be coming out with a cheaper tablet. this is the story of microscopic coming trend- enemy of 80 and del. he will seek will do the same thing with their tablet. this is not a good story for microsoft. will this become a zoom, a disaster for the x box which was wonderful? >>mark: microsoft really has billed itself as the software company. any success with hardware? >>rob: x box was a massive success. the market share for microsoft is a big fat zero so will be a winner on some level. >>rob: fed ex. came out saying everything is slowing down. oracle is tech and tech is strong. hi >>justine: let's check in with james fletcher in the weather c

oracle ceo larry ellison has reached a deal to buy 98% of the island of lanai. it's unknown exactly how much ellison paid but the asking price was between 500 and $600 million. ellison will reportedly pay cash for his sizeable chunk for the 141 square mile island. terrell, you can do that when you're worth an estimated $36 billion. >> throw the money on the table. give it to me. that was considered a modest investment. unbelievable. thank you so much, erica. appreciate it. we'll take a quick break on the morning news. when we come back, the traveling sisters. the so-called nuns on the bus go across the country as they take heat from the vatican. this is the cbs morning news. >>> money watch sponsored by auto stop. new auto stop is fool proof. gray is over. [ male announcer ] every day, thousands of people are choosing advil® for their headaches. my name is sunshine and i have three beautiful girls. i like taking advil® for a headache. it nips it in the bud. and i can be that mommy that i want to be. ♪ [ male announcer ] take action. take advil®. ♪ nespresso. whe

oracle tie, is purchasing the island. j. mendoza spoke with some of the island's residents about the purchase. >> at the blue ginger cafe, the menu is in black and white but the future of the island is in a gray area with speculation swirling over what will happen to the island with a new owner in charge. >> i embrace change, this island does deserve some change, it is just the way in which the change will happen. >> this will and a quarter- century of murdock ownership. >> the sale agreement includes the to resort hotels, the golf course, the water utility in roughly 88,000 a.. residents hope the new ownership brings new opportunities for the people who live there. >> we care more about the number of adults. >> in the neighborhood there are a lot of signs that say stop the windmills. there is a division. >> what opportunities would you like to see? >> ellison wants to bring in new investments to stimulate the economy and create new jobs. >> if they have the money, come on in! >> how much he will pay is still a mystery. >>vi

>>pam: the oracle america's cup sailing team got a special visit from all local star. racer on board one of the fastest boats in the world. fill in addition to getting a one-of-a-kind ride around the bay, the legendary rapper also toward the team's top secret boat building facility. the oracle team is gearing up for next year's america's cup race in which will be held right here in said francisco. still ahead, a 17 year old high school kif to believe for a while at the u.s. open in the the only story clearly is tiger woods on top of the leader board. a live report from the leader board in gary passports coming up. back in '08, we didn't have these u-verse wireless receivers that let you move the tv around wherever. no siree, bob. who's bob? and if you didn't have a tv outlet, well then you couldn't watch diddly-squat. you talk a lot. you have no idea how good you have it. that's not working. [ grunts ] [ male announcer ] get a wireless receiver in time for the olympic games. get u-verse tv for $25 a month with free hd for six months. rethink possible. >> the 17 year ol

oracle and microsoft have rallied on recent news the state of play is weaker than we like. this is the most seasonally weak group in the market. it always was a positive moment for the market but since tech became more europe centric, 20% of tech sales come as europe experiences the summer slowdown we have seen selling in tech that kept a lid on the market. the chaos in europe will accentuate this tech slow down and the reason oracle went higher after it reported had to do with the belief that europe must have been horrendous for them. it just turned out not to be. now that it isn't that bad tech stocks are back on track. that raises the bar too much for me. it's not worth having as much tech. nobody ever got hurt taking a profit ahead of reporting season which is around the corner. why not sell apple then? unlike the other techs which you don't hear much negative about everybody is factoring in the change in the iphone line-up. we all seem to be aware also that the telco companies are pushing other phones but apple is a terrific late second half story. i fear not catching

but he finished "reason the only oracle." he sold all the land he could. he dissolved the land company that the family had used during the period before the war. he held on to 1500 acres in the river valley and that's where his homestead has been found and reconstructed. wonderful land on the river. but he finished his book and he had 1500 copies presented at his own expension. only 200 or circulated before the rest were mysteriously burned. now some people in town say that it was god's will and the lightning did it. other people said in town, no, it was the printer, he was scared to death that he was going to be run out of town, too, but they burned. 200 copies circulated. they went to members of congress, they went to governors, they went to parents where ethan allen was corresponding, who wrote the famous letters of an american farmer and actually to paris saw the work of ethan allen just before the french refrigerator lugs. so this has been a wonderful quest for me to see how the man has gone beyond the walls of fort ticonderoga. tending his garden out

. >>> also, how much would you pay to have lunch with the oracle of omaha.now it's time to bid on a male with warren buffet. and the organization it's going toward. [ male announcer ] olympic tennis players bob and mike bryan do a lot of sending... and receiving. sending...and receiving. sending...and receiving. sending...and receiving. sending...and receiving. [ bob ] i got the tickets. [ male announcer ] and with citibank popmoney, it's even easier to keep sending...and receiving. let me get you back. no, it's on me. i insist. no way. yes way. well let me chip in. [ male announcer ] send money from one bank account to another, with citibank popmoney. easier banking. every step of the way. you're going to need a powerful connection ! felicidaaaadeeeees ! with this droid 4 by motorola on verizon 4g lte, you can stay in touch on skype with your loved ones. staying connected with your family... ... in more places, on america's largest 4g lte network. that's real value ! get $100 off any motorola 4g lte smartphone, like the droid 4. hurry, offer ends june 17th.

against the oracle team. a spokesperson says he wanted to integrate sailing a sport he says really needs integration. the golden gate yacht club says the group lacks the needed funds and that an underfunded team might pose a danger in the water. >>> in 2012 election news mitt romney predicts he will win a battleground state. >> when we win pennsylvania and take back the white house, we're going to do what america needs which is to get us off the track to become like europe with big debts and with an economic setting which which is a potential calamity. >> romney is touring six battleground states. so far has focused on economic issues and tomorrow he will travel through ohio. >>> in his weekly address president obama called on congress to pass a series of bills he or he says will put america back to work. >> congress should pass a bill to put thousands of police officers and teachers back on the job and should have passed a job a long time ago to put construction workers back to work. >> mr. obama also says c

oracle's shares are up by 5%. >> time now for a look at what is coming up later on cbs this morning.>> just ahead we have some never before heard interviews with some of the biggest names in music history like paul mccarty, barbra streisand, the beatles, just to name a few. we're also taking a look at the unexpected benefits of exercise. we're introduced to a group of women fighting off the effects of middle-aged and gaining so much more than what they are losing weight. call for watts in is back of talking about how his life has changed since he won the masters and not making the cut at the olympic club >> he had a tough couple of days. paul mccartney turned 70 yesterday, that is unbelievable. >> cbs this morning starts at 7:00. >> remembered the miniature darth vader who became famous for that super bowl commercial? he is now out of the hospital after heart surgery. he says he's feeling great although he feels some chest pain. he was born with a heart defect that affected his pulmonary valve. he says he is excited to have a milkshake and made the force be with him. >> i think he de

oracle after the bell, we are still probably a month away. but a lot of people were worried what is going on with global companies here? you have a good read. i think if you look at the price action here, because people might have been fading going into the fed tomorrow, i actually don't think they do. >> at the same time, is it a by the rumor sell the news thing? perhaps extends twist which is probably a consensus on the street? >> i think it's all about maintaining the gains that you get in the marketplace. this is the very quiet rally. yet this is a rally where we are closer to the high for t year at 14.22 than we are to the low of the year. with eare pricing in a scenario that last week we repriced higher. the expectations for tomorrow, let's say they are disappointing to the street. all you want to do is maintain the gains, not give anything back and force a correction. same thing goes for friday. the meeting you will get in rome. don't give anything back. hold your ground and then you get a day like today when you see the appreciation.

the chief operating officer of oracle corp. is buying lanai. ellison is the third richest american. the price of the island is estimated to be around 600 million. still to come, many young girls are dealing with eating disorders. health experts are seeing eating disorders with women over 50. a disturbing trend. >> plenty of sunshine over here. tomorrow, the storms. today, the heat. we will talk about it with these insta-weather plus in just a moment. a little hotter here in town. a little hotter here in town. >> and dr. tim hammon and more and more for cable -- and enjoying it less? upgrade to verizon fios internet, tv and phone for just $99.99 a month, guaranteed for a year with no annual contract. or choose a two-year contract and get $200 back and a two-year price guarantee. fios is a 100% fiber-optic network that delivers america's fastest, most consistent, most reliable internet. and now, it's faster than ever. you get speed you can count on... even when everyone at home is online at the same time. plus, the best tv picture quality. tired of cable's inflated bills? get fios for

meanwhile, oracle stock is up over 1 percent after the company surprised investors by releasing quarterly earnings three days ahead of schedule. microsoft is another stop to watch today after they made an announcement that has the tech world abuzz league. >>gabe: this is definitely a big list. some microsoft has finally unveiled their own tablet. it will run on windows 8. this habit will be a full widow's experience, it comes with all this built-in. the future of a 16 x 9 screen and that is a 10.1 in.. it is very thin, 9.3 mm and features a full-size usb to input. the service needs to be different in the ipad to compete with it. the surface is the first tablet with a built-in it sticks to him. it is great for when typing are watching videos. the clip on cover also doubles as a touch keyboard. the cover is a paper-thin but adds a full keyboard. the keyboard comes in different colors. this could be happy when typing documents or long e- mail's. that is something of the tablets did not offer. with the kickstand and cover it is easy to prop up the tablet. it comes in a 32 gb get 64 gb. seek m

oracle ceo larry ellison can be that and buy whatever he wants.ants and has a hawaiian island. >> published reports say he has agreed to buy 98% of the island of lanai. state owns 2%, hawaii's smallest publicly accessible island just 300 something residents, ellison already has a home on lanai. bill gates and his wife rented out the island for their wedding. island selling experts say it is upwards of 5 million dollars. we have word it was 650 million. -- >>> the jerry sandusky child saks because trial approaches the end. -- child sex abuse trial approaches the end. >>> at home, we continue to follow breaking news from berkeley one woman killed in an overnight house fire. we go back for an update. >>> temperatures around the bay area they are going to be significantly cooler up to 23°, 50s at the coast, 60s around the bay and 70s inland. check out how hot it going to be across the rest of the lower 48 seattle and portland 76 and 81 could be warmer than us, the big story near 100 d.c., new york and boston. we did flight delays earlier, but everybod

oracle ceo can rename his new hawaiian island silicon island.arry should name his island mypad. ryan tweets, the oracle of hawaii. >> nothing about tiny bubbles or don ho or anything? >> i want to know who's the 2% owner? in other words, some guy with a shack going to be still on his island? because he owns 2%? >> it's going to be a freeze out. remember? freeze out that guy. >> i own 98%. pushing you into the sea. >> exactly. taking a look at the markets, basically flat lining it with the s&p down by just about two points. the dow is higher. it's hanging in there up by about 15 points, jim. i don't want to say the divergence. oil stocks today have been sort of hanging in given the big moves we've seen, 3% lower in crude yesterday. today down another, what is it here, 1%? >> i don't want to be so weather oriented as to think, well, what can be buoying some of these things. we have martha and the vandellas doing a heat wave. there's a sense natural gas has stopped going down. i think it's more a function of glut than heat. people do crank it up. t

but oracle's attorney says his company never agreed to keep making the software and says those kinds of partnerships can be volatile. >>> in wall street, the dow jones industrial average down 17 points. the nasdaq rose about 13 points. the s & p 500 remained mostly unchanged. showing a gain of a little less than a point. >>> an exclusive new ktvu field poll shows californians will likely set a record for the lowest state voter turnout ever. the poll estimates no more than 6 million californians will cast ballots in tomorrow's presidential primary. the turnout would be a steep drop from the 2008 primary, when almost 60% of registered voters cast ballots, and worst than the previous record low of about 42% set back in the 1996 primary. >>> the apparent voter apathy is reflected so far at many polling places collecting ballots in the bay area. robert honda reports on what's behind the low turnout, and the impact it will have on ballot measures. >> reporter: the machines and workers were busy sorting ballots today. at this point, it seems this might be the peak of their activity. santa c

the latest price for dining with the oracle. >>> plus, ridley scott's allen thriller not enough at the box office. >>> the orioles have a flare for the dra macktics and the best acting job in baseball. you're watching "early today." >>> good morning and welcome back to "early today." i'm veronica de la crews. >>> syrian troops have killed 35 this weekend, shelling on the city of homs in an attempt to regain control of stronghold. hosni mubarak is reportedly slipping in and out of consciousness. mubarak, sentenced to life, has had an irregular heart beat and required assistance in breathe snug probably don't know his name but you definitely know his fame. actor franc kady died at age 86. he played store owner on "green acres." >>> a letter written in english by no pothat pole lan in 1816 s for $825,000. it was written by napoleon while he was held captain by the english. >>> and legendary western sharp-shooter annie oakley's shotgun has been sold at auction for $143,000. she became a superstar starring in buffalo bill's wild west show. a total of $500,000 was paid by -- for about 10 0 i

>>> coming up, nightmare on the nikkei, facebook targets kid and getting to break bread with the oracle of omaha. your early morning business headlines are straight ahead. >>> plus christown stewart brings some box office mojo to the snow white & the hunld men. >>> celtic get even and tiger roars back with one of the best shots of the year. you're watching "early today." >> announcer: "early today" is brought to you by advil. make the switch right now. >>> good morning and welcome back to "early today." i'm lynn berry, and here are some of your top headlines this morning. skier ya's president bashar all assad told syria's parliament his government was not involved this the massacre last week. >>> in egypt the top prosecutor plans to appeal the life prison sentence given former president hosni mubarak. thousands in tahrir square demanded he get the death penalty for the uprising that forced him from power last year. >>> today in northwest pakistan a u.s. drone fired rockets that killed 15 people in the tribal region near the afghan border. it with us the third attack in three days and al

. >>> and finally oracle's ceo larry ellison is buying himself an island. not just any i lachbltd he's shelling out $500 million to $600 million for 98% of the h an island lanai. >>> coming up the phils catch a bag, big papi goes yard and they get a home run. plus, new york yankee stadium has never seen a home run derby like this one. your early morning sports headlines are straight ahead. >>> in weather as we head toward the upcoming weekend, our temperatures are going to return to where they should be. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports after years of complaints about how college football crowns its national champion, yesterday a solution may have emerged. here's nbc's mario solis with an early look at all your sports headlines. >>> hi, there. good morning. we'll start with the big news out of college football. the bcs conferences have agreed to a 14-game playoff system. a committee will decide which teams qualify based on college championship and schedule. if approved the playof

. >>> shares of oracle surged after the company reported better than expected quarter will i revenue. >>> as expected microsoft unveiled its new tablet called surface, which is designed to compete with the ipad. it will launch in the fall, but microsoft did not reveal the prees. >>> a new study says only half a millionaire baby boomers think its's important to leave money to their kids with a third saying they'd rather leave the money to charity than their kids. >>> and adidas has plans to can sell a sneaker with a shackle like ankle cuff. some critics say the high top sneaker with an orange plastic cuff too closely resembled a signal of slavery. >>> well coming up the yanks streak, a slugfest in chicago and one boxer hopes for a knockout on broadway. >>> plus, baseball's nastiest knuckleball is good enough for back-to-back one-hitters. your early morning sports headlines are straight ahead. >>> it's already felt like summer for weeks but officially it begins tomorrow and get ready in new england. your forecast is coming up. you're watching "early today." >>> good morning. if you're j

blur bloomberg silicon valley index lower on losses of apple, intel and oracle. and there is including morgan stanley, cut two levels. bank of america, citi group and jp morgan hit with down grades after the close of today's trading. and there is facebook stock appears to be making a come back, closing up 24 cents today. and there is still down more than 16% since ipo and has lawmakers looking to see if the rules need to be changed. and twitter, other social networking site went dark today, leaving millions around the world unable to access the site on, and off, all day long. the company is blaming a software bug. we noticed service out this morning. twitter told us engineers were working to aresolve the issue. then at 10:4 a.m. twitter said it had been resolved and there is a half hour later saying it's still ongoing. twitter says it's due to a bug not confined to a particular area of software but that cascades into another part of the system. a hacker group claimed credit for the outage and twitter has denied that. >> there is no tweeting, yet the earth kept re

. >>> shares of oracle shot up 3%.ex added 3% despite warnings economic groikt would weigh on its early profit. on the downside wall green tumbled 6% on news it's buying 45% stake in the pharmacy chain alliance boots for $6.7 billion. jc penney lost 9% after its president abruptly resigned in the wake of the botched campaign. >>> employers posted the fewest job opening in five months during april. >>> and, finally, a new study out of boston college finds the percentage of stay-at-home dads is more than double what it was a decade ago. the men surveyed cited reasons from income and career considerations to satisfying family life goals. >>> well, the indians walk off in extras, and the pirates find a new use for bubble gum. >>> plus, the heat can't rely on their biggest star during the final minutes of game four in the nba finals. your early morning sports headlines are straight ahead. ja and it looks luke relief is find coming from the middle of the country in the heat wave. your forecast is coming up. you're watching "

. >>> and finally oracle's ceo larry ellison is buying himself an island. not just any i lachbltd he's shelling out $500 million to $600 million for 98% of the h an island lanai. >>> coming up the phils catch a bag, big papi goes yard and they get a home run. plus, new york yankee stadium has never seen a home run derby like this one. your early morning sports headlines are straight ahead. >>> in weather as we head toward the upcoming weekend, our temperatures are going to return to where they should be. you're watching "early today." [ male announcer ] if you think any battery will do... consider the journey of today's athletes: ♪ their training depends on technology. [ beeping, ticks ] and when their devices are powered by a battery, there are athletes everywhere who trust duracell so whether they're headed for london or the journey has just begun... they rely on copper to go for the gold. duracell. trusted everywhere. >>> good morning. if you're just waking up, this is "early today." and in sports after years of complaints about how college football crow

we hold you oracle's ceo bought an hawaiian island.al reports say he outbid bill gates, the same island that was the location for gates' wedding to his wife. a few minutes ago the latest information on first time jobless claims. a number of people headed to the unemployment office dropped. some investors may see that as bad news as it mean there is is less pressure for the fed to come in and take action to whip up the economy. >> thank you very much. that is the ladies here today. yesterday was the first day of summer. >> you added to the fun. >> we were the giants station. the giants station here at nbc bay area. we still love the oakland a's and we were throughout, rob mayeda, you may recognize that famous meteorologist, and diane dwyer. all supporting the juvenile diabetic association and we helped raise money, we met so many people out there. if you had a chance to walk up to the booth i enjoyed meeting everybody. thank you, all. thank you for being bay area proud. we love to help out the community. 53 degrees in san francisco. 55

starts and existing home sales for may along with corporate earnings from barnes & noble, fedex and oracle. after his testimony last week in the senate, this week jpmorgan ceo jamie dimon testifies in the house about his bank's more than $2 billion in trading losses. facebook is paying $10 million to settle a lawsuit filed by five facebook users saying publishing for sponsor stories without paying them or allowing them to opt out violated california law. >>> speculation is swirling, microsoft will unveil a tablet computer today to rival apple's ipad. the company invited media to what it calls a major announcement this afternoon. >>> finally, the folks who cooked up a pizza vending machine in europe are bringing their tasty invention to the united states. the kiosk whips up a fresh made pie in, get this, less than three minutes for 6 bucks. they could start popping up before the end of the year. >>> two walkoffs, an extra, long way to victory for nascar's most popular driver and the u.s. open comes down to the final hole. plus, he buckles under pressure in the nba finals. your early morning

oracle released its earnings report today. they made $3.5 billion. following the announcement shares rose. >>> dozens of kids and adults kicked off the surm free lunch program -- summer free lunch program. they teamed up to provide children with free breakfast and lunch while school is out. organizers say it is easy to take part. >> no registration, no sign up. a child just needs to show up and get a free lunch. >> anyone interested in finding a meal can call the community food bank, punch in your zip code and find a site nearby. >>> prices at the pump are going down, especially in the south bay, what is behind the drop and how long it is expected to last. >> back here in 10 minutes, temperatures dropped off today but there are changes for tomorrow, fog now and it is coming back again tonight, what it will be like for your tuesday. >>> we have new information about a story we told you about 10 days ago involving a unconscious woman. hospital officials say family members have been reached and identified jane dough although they don't want her name rel

the latest price for dining with the oracle. >>> plus, ridley scott's allen thriller not enoh at the box office. >>> the orioles have a flare for the dra macktics and the best acting job in baseball. you're watching "early today." >>> good morning and welcome back to "early today." i'm veronica de la cruz. l.a. county reports john bryson was allegedly involved in two separate traffic collisions saturday. he was hospitalized. authority say he was cooperative and there is no indication alcohol or drugs played a role. the first collision is under investigation as a felony hit and run. >>> syrian troops have killed at least 35 people this weekend, shelling on the city of homs in attempt to regain control of the stronghold. hosni mubarak is reportedly slipping in and out of consciousness. mubarak, sentenced to life, has had an irregular heart beat and required assistance in breathe >>> you probably don't know his name but you definitely know his name. frank kady died at age 86. he played store owner on "green acres." >>> and ann any oakley's shotgun has been sold at auction for $143,000.

a tweet from oracle itself says they will reveal his first tweet some time tomorrow. we, meanwhile, will reveal the high-tech secret weapon used by our track and field athletes later in the show created in silicon valley to let athletes defy gravity. we'll give it a test run with the help of an olympic hopeful coming up tonight at about 6:40. jessica and raj, back to you. >> we will see you then, thank you. >> let's turn things 0 over to jeff ranieri, the world's best meteorologist on the planet. so nice, so kind. wonderful. you're the best. >> you had a great time -- >> i did. >> thank you. >> you've been planning that huge party you had today for, i think, over a year. this is great that everything panned out. we had all that rainfall yesterday. today is sunny here in san jose at 68. 70 in gilroy. 69 in livermore. 71 in santa rosa. look at the current numbers outside and we're dropping with the cooler air mass just offshore and to the north. the numbers are having no problem dropping off 68 in sap mateo. 64 in novato. live to our hd network. in san jose, if you want