>> i think oracle, my top priority is my family and my second priority would be my job at oracle. other stuff whether it is a museum or architecture or flying airplanes or racing sail boats is a hobby. it is my pursuit of alternative stress. so i love to compete in business and all of my hobbies i am competitive, well-. >> thanks for spending the time with us. we appreciate it. the ceo of oracle. i will see you back in new york tomorrow. have a good night. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®.

of oracle. maria sits down for an exclusive interview with larry ellison. what game changing products does the firm have in the pipeline, and what will the free-spirited ceo buy next? find out straight ahead. >>> and class action. in another exclusive, the man in charge of settling claims against convicted sexual offender jerry sandusky talks to maria about how penn state will administer proper compensation to the victims. that and a lot more is still ahead on the "closing bell." ifo improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell m

and what is oracle's plan to boost sagging hardware sales? those answers are straight ahead. >>> plus the face on facebook. leadership questions continue to dog the social media giant. can either mark zuckerberg or sheryl sandberg turn the company's sagging stock around? >>> and peering over the cliff. at least one organization is proposing a less painful alternative to falling off the fiscal cliff. find out who they are and what they plan to do, straight ahead on "the closing bell." tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd

google, oracle, with the oracle world today, the real strength. take a look at google.oogle has really been coming on here. google today set to close at an all-time high after setting an all-time intraday high of $765. bill, new pew research shows that android is really gaining strength when it comes to tablets. >> they've had clever commercials lately. thank you, bertha, very much. >>> the dow is losing steam into the close here after shooting higher like a rocket to kick off this first day of the quarter. earlier some attributed part of the rally to what chicago fed bank president charlie evans told our steve liesman this morning on cnbc. listen. >> in my opinion, we'd continue with the asset purchases until we see payroll employment more like 200,000, 250,000. >> you're saying continue at 85 billion into all of 2013? that would be your recommendation? >> this is my recommendation. >> so is the fed's bond buying spree fueling the markets and should we be worried it won't last? that's what we're talking about right now. eric is with us of gerring wealth management. he

. >> and oracle addresses the masses. what he shared ,, -those other store cards... -...preferred shopper... ...club...things... ...kept sending me coupons for cat food. i'm just not a coupon clipper. i buy what i want to buy. can i get a reward for that? [ frank ] introducing something extra from raley's, bel air, and nob hill. you get something extra rewards... ...for the way i shop... for buying the things i like. instant offers, points balance, right here on my smart phone. [ frank ] join today at raley's dotcom, or at your store. ...it rewards you... for being you. [ frank ] raley's, bel air, and nob hill. for food, for family, and now, something extra -- for you. today, we're forty-seventh, out of fifty in per-pupil funding. vo: for years, sacramento politicians have chopped away funds for our schools. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and

this is one of two identical boats for team oracle. the crash could not have come at the worse time. the ebtide going out at three knots, peaked at five knots this afternoon. there won't be a flood tide coming back in the gate until after sun down. the oracle spokesperson declined to estimate the damage but as you see there it looks pretty serious. we just spoke to a spokesperson and they said the boat is not causing any danger at this moment but they do have a boat on scene. take a look at this picture, we just got this full screen photo from the rescue crews. oracle tell us they plan to provide us with video taken during the crash. there's a snip with that. we'll check in now with bill martin who will let us know what the conditions were like when this happened. >> reporter: john we were talking about it in the newsroom just a few moments ago. they are in a nasty spot. the tide is flying out of the gate. it went from a 6-foot tide it's going down to a minus .8. see that brown water around the boat, that's sediment being pulled out of

we have details on the oracle boat. we'll have more coming up on the forecast in a few minutes. >>> okay. didn't we just do this? it's on. apple sending out invitations to its next roll-out. scott budman joins us. scott, everyone guessing at another ipad. i have to update my iphone and ipad. >> reporter: another product. important is apple is not saying what it will show off on october 23rd. but those looking for hints in the invitation probably didn't t past the words "we've got a little more to show you" before guessing that apple will indeed be coming out with a smaller version of the ipad, expecting to challenge the-inch devices from amazon and google. the big question is what will this one do and how much will it cost? we'll let you know in a week. >>> speaking of tablets, microsoft in the game with the surface tablet. the company announce you'd can preorder surface today for delivery around october 26th. it starts around $500. we got a very brief chance to demo it. can't tell you much about it other than it feels

. >>> big bow to oracle's america's cup -- big blow to oracle's america's cup racing team. katie marzullo is live what is the latest? >> reporter: the latest from oracle is that the crew and the boat, what is left of the boat did make it back to pier 80 this morning. it is financesed off too dark to -- it is fenced off, too dark to make visual confirmation, the damage is extensive. it capsized in the bay this is footage from sky 7 hd the catamaran flipped near bay bridge around 3:00 yesterday afternoon. we have video from the boat's camera. there were 13 crewmembers onboard, fortunately, nobody was hurt. the 8 to 10 million dollar yacht was severely damaged that is going to be a blow to the oracle team ahead of the 2013 america's cup race. >> fact this boat will be out of action for a period of time is where the setback is they won't be able to train, learn, make the boat go faster. >> reporter: this is home video that someone took. one woman said she had seen boats capsize before but never so disastrously. it is 72 feet long, twice as long at the catamarans we saw in the w

. >>> the oracle cata moran will be pulled out of the water at first light. alex savage is at headquarters with more on how this will affect the team's run. >> reporter: it caused the boat to flip yesterday and this is the same boat they plan on racing at the america's cup. crew members had to work into the night to tow it back to pier 80 here in san francisco. crew members will up expect the damaged boat. this is video of the inspection after the crash. the $8 million cata moran cap sized -- capsized during a training run on the bay. 11 members were on board and everybody escaped with just some bumps and bruises. it actually drifted about four miles out into the ocean passed the golden gate bridge. it took several to tow it back in and they were grateful there were no serious injuries. >> if any of the chris were not able to -- if any of the crew were not able to hold on, they would have been injured. >> reporter: the biggest blow is the main mast, the sale which catched the wind is destroyed. have to wait to find out what else was damaged when they actually

oracle's catamaran capsizes in san francisco bay.t may have caused the accident. >> what's cool about your school? you can submit your number nation at our website, cbssf.com/coolschool. we may come out and feature school on the show so check it out. we'll be right back. ,, don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on the best brand-name mattress sets. but hurry! the best rest event ends soon at sleep train. ♪ your ticket to a better night's sleep ♪ the san jose sharks and the- h-l season on hold. negotiators for te >>> some signs of hope regarding the player lockout that has the sharks and nhl season on hold. team owners' negotiators presented a new offer that for the first time calls for a 50/50 split of hockey-related revenue. the deal assumes the season starts november 2 with a full 82-game schedule. all games through next wednesday are canceled. >> they are playing baseball. >>> giants getting ready for game 3, nlcs today in st. louis aftern

now oracle team united states a which is the current america's cup champion, is facing major set back3. >> the fact that this boat will be out of action for a period of time is where the setback is. they won't be able to train, learn, make the boat go faster. >> reporter: this is home video captured from a woman she said she has never seen a boat capsize so disastrously. that yacht is worth between 8 and 10 million dollars. the team says they are just glad nobody was hurt. katie marzullo, abc7 news. >>> the city of oakland may be willing to turnover control of major unit of its police department to avoid a full federal takeover. the council heard a plan that calls for control of the internal affairs v to be turned over to outside receiver. the division is responsible for investigating allegations of officer misconduct this stems from reforms the department was ordered to perform more than a decade ago. >>> also, three carjacking suspects in custody after a police chase through antioch and pittsburg last night it ended when the suspects crashed into a tree in pittsburg. investigators s

oracle's ceo kicked thins into high gear last night. lilian kim says he promised the fastest data processing yet. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional databases. he announced the oracle private cloud which can be kept behind the customer's own security firewalls. then the x-3 designed to store all databases in memory can >> if you thought the old datas were fast you ain't seen nothing yet many >> reporter: his keynote address was his first of two scheduled speeches. 50,000 registered for oracle's 30th annual conference. some say while the devil is in the details, they did like what they heard confidentiality is very important. therefore, giving us the infrastructure that we could have in our own private cloud, i th

. >>> right now crews of oracle team u.s.a.are trying pull a 7 foot broken 10 million dollar yacht out of the -- 72 foot broken 10 million dollar yacht out of the water. katie marzullo joins us live from pier 80. >> reporter: the catamaran was towed overnight. we've been watching all morning since 7:30 this tedious protest of righting the upside down boat and getting it out of the water. last check the crew hadn't decided how they were going to do that. divers moved quietly around the ac-72 oracle team u.s.a.'s massive catamaran this morning it looked more like a submarine than a racing yacht. >> i call it destroyed in several piece. >> reporter: he's talking about the wing or fixed sail. you can see the splintered remains in this video from sky 7 hd. he wasn't on the boat but describes what happened. >> dangerous maneuver in these catamarans is go if up wind point of sail to down wind that's what the guys were doing. >> reporter: now oracle is without its biggest, fastest boat. because there is a defending america's cup champi

this accident, hurts the oracle team. and they have less time in the water to prepare to begin their title -- defend their title in the race next year. alex savidge, ktvu channel 2 news. >> thank you. >>> pittsburg police say they arrested a career criminal at the scene of a crash. the man was in this suv which hit a tree in front of an ihop restaurant during a police chase. the tree stopped the car from crashing into the ihop. the suspect jumped into the suv after crashing a different car after he assaulted an individual in antioch. >>> we have new details about a missing man whose body has been found in the santa cruz mountains. ann ruben is here to tell us why authorities have now launched a homicide investigation. >> reporter: just got word that the body of eric garcia has been found. monday an autopsy confirmed that garcia was the victim of a homicide. he was last seen october 18th, leaving a party in san jose. he took off on his motorcycle but never returned. they are still looking for the harley-davidson as well as

cbs 5 reporter cate caugiran over at pier 80 headquarters of team oracle with more. cate. >> reporter: frank, oracle team usa says this is a big setback for them and it appears that their boat was a complete loss and sailors say they are going to spend the day reviewing data and tape to see exactly what happened. you can see here just how far that boat drifted. now, the current actually pushed the boat past the golden gate bridge at least 7 miles out to sea. this whole thing happened yesterday around 3 p.m. that racing yacht was doing practice runs. that's when sailors say they knew something was wrong when the back of the boat started to lift up. the winds were about 5 knots going one way and the current going another. and as they turned, the would overturned. >> you'll learn a lot more from [ indiscernible ] if we hadn't done this so i think the team will come back a lot stronger and we now know how hard we can push it and where the limits are and you know, what to do safety-wise how to get off unharmed. >> this was the team's 8th day practicing on the bay and the

. >>> right now crews of oracle team u.s.a. are trying pull a 7 foot broken 10 million dollar yacht out of the -- 72 foot broken 10 million dollar yacht out of the water. katie marzullo joins us live from pier 80. >> reporter: the catamaran was towed overnight. we've been watching all morning since 7:30 this tedious protest of righting the upside down boat and getting it out of the water. last check the crew hadn't decided how they were going to do that. divers moved quietly around the ac-72 oracle team u.s.a.'s massive catamaran this morning it looked more like a submarine than a racing yacht. >> i call it destroyed in several piece. >> reporter: he's talking about the wing or fixed sail. you can see the splintered remains in this video from sky 7 hd. he wasn't on the boat but describes what happened. >> dangerous maneuver in these catamarans is go if up wind point of sail to down wind that's what the guys were doing. >> reporter: now oracle is without its biggest, fastest boat. because there is a defending america's cup champ

oracle open world howard street closed between third and fourth, delays around mosconey center, third, we'll talk about other events coming up and you will be able to get around them in a couple of minutes. >>> coming up on 6:32. the search continues for the two fishermen missing after their boat capsized off the san mateo county coastline over the weekend. kira klapper joins us from the coast guard station at yerba buena island. >> reporter: the coast guard was out overnight searching just about 30 minutes from now they will relaunch their search helicopter to continue the search for those two men missing since yesterday morning. we have sky 7 hd video of the boat as it capsized washed up on the rocks this is just before noon yesterday. four men from san francisco were aboard, two of them were wearing their life jackets and were able to make it safely to the beach one was rushed to the hospital to be treatmented for hypothermia. the other survivor was treated for -- treated for shock and possibly a broken arm. their two friends still missing. the coast guard tells us they will launch

the story ahead and plus a portion of san francisco is now oracle world. the company's big convention could cause some big headaches if you are trying to get around downtown. that story ahead. and the heat will peak [ woman ] ring. ring. progresso. your new light creamy potato with bacon & cheese soup says it's 100 calories a serving. that's right. in what world do potatoes, bacon and cheese add up to 100 calories? your world. my world. ♪ [ whispers ] real bacon...creamy cheese... [ whispers ] 100 calories... say it again... [ whispers ] 100 calories... ma'am, hello? ma'am? [ female announcer ] find progresso light for a great price today at your local safeway store. right now in san francisco the keynote speech of the oracle world open world conference. it's being held at the moscone center. part of howard street is close today traffic and several muni bus lines are expected. the conference is expected to ail tract about 50,000 people and generate an estimated $120 million in revenue for the city. oracle open world runs through thursday. >>> pop star just

so, oracle is here now.arry ellison will say that he actually had the idea to get in the cloud a long time ago but never moved on it. so, we will see how important the cloud ultimately would be. right now the data base business clearly really the driver of this business. >> maria, they say no man is an island, but apparently, a man can own an island. >> yeah. >> or two. >> i want to know who ounce the 2% of lanai he doesn't own. would you like to be that person? i'm 2 percenter. >> he ounce 98% of the island and just acquired a new home in malibu. here is guy who living -- is living large but let's not forget who this person s he came from very -- >> came from nothing. nothing. >> built this company from the ground up. so good for him he can spend his money the way he wants to. >> very inspirational person. thank you very much for that, maria, looking forward to hearing all the details. the meantime, yahoo!'s new ceo is channeling her web dna to name her new baby and also going back to the future with the da

so when team oracle's boat did, sailors weren't sure what to expect.he team tactician was on board. >> i think we're all a bit unsure as to how it would happen, whether the wing might snap, whether we had to get off the boat or whether we should hold on. jimmy made the call that we should all hold on and it was the right call in the end. if we all tried to jump off we would have been injured. >> reporter: he says after the mast hit the water they heard the boat beginning to break up. >> 10 seconds later we start hearing cracking noises and that's when we -- jimmy said, okay, let's get off everyone. so we are in a bit of a mad rush to get off the boat. we climbed down a bit and were able to jump off and get picked up by chase boats. >> reporter: an overnight recovery effort brought the damaged hull back to pier 80 base of operations and lifted it from the water. the $8 million boat is expected to be repaired. meanwhile another boat just like it is under construction and expected to be ready by february. but no one doubts this is a huge setback. >> we ar

the oracle open world runs through thursday. >>> 4:45. the world's largest online retailer will be uncorking a new service. amazon.com planning to settle bottles of wine starting this holiday season. the company says it's hoping to form a partnership with nearly 100 wineries from across the country. bottles will be shipped from the vineyard while amazon takes a cut of all the sales. the service should begin this holiday season. >>> well, some big names being tossed around should president obama decide to replace timothy geithner. for that and the rest of your news before the bell, we turn it other to seema mody live at cnbc headquarters. seema, good morning. >> reporter: good morning to you. quick check on the markets right now. futures are higher as wall street begins the first day of the fourth quarter. the third quarter was positive for the markets. the dow was 4% and the nasdaq was up 6%. today we get numbers on manufacturing and construction spending and fed chairman ben bernanke speaks this afternoon. the dow falling 48 points on fr

we are joined by the meteorologist for oracle team usa. you guys did incredible in that second race tonight. right? >> yeah, we managed to pull out a victory. a pretty good win for us. >> reporter: yeah. the winds seemed about right. the weather's kind of turned the way you've wanted even though's not hot for a lot of the spectators. we're not seeing a lot behind us. as our photographer pans back, you're always watching the conditions. what are you seeing now and hoping for this weekend when it comes to the weather? >> after that heat wave we had earlier this week, we're enjoying this marine air that's come back in here. that comes in with good pressure, good breeze. and a lot of force to it, force behind it. these boats, new boats that they created just for this series really like a breeze. and they get up and go when the wind is strong. >> reporter: yeah, the other amazing thing, if you haven't been out here, these boats are going to be close. i've said this before, almost like you can reach out and touch those. that combined with the fl

so artemis advances to face jimmy spithill's oracle usa team.e final four and the championship finals of the match racing competition all set for saturday on the bay. and now coming up at 6:00, we will go 25 years back in time to look at the 1987 america's cup where dennis conner and stars and stripes took the cup back from the awustralians, what wer you doing in 1987? i think i was doing my algebra work. >> i was there in san diego watching it in the late 80s. >> i was doing my math homework as well. >> laurence son the water. kate longworth is in detroit. jaymee is at the ballpark. rob is on the uss macon island. rob, take it away. >> that's right. we're up here on the flight deck of the uss macon island. great view watching the air show a bit earlier. laurence has you covered on the water. we have you covered at least from the flight deck up. just over my shoulder, you can see some of the helicopters there. the seahawk over to my right. that is a vertical tilt rotor osprey. it lands like a helicopter and takes off like a helicopter and flies

also making news on oracle's dif depd. this interview coming up. >>> plus, kkr is one of the world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. just keeps getting worse for hewlett packard. seema mody, how bad now? >> we're continuing to watch the big moves in hewlett packard. that's the big tech lagger today. just lookin

dennis: and why very ellis in known as the oracle of football. now the ten-year treasuries. [ male announcer ] what if you had thermal night-vision goggl, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> i am adam shapiro with your fox business brave. wholesale inflation climbed more than expected in september driven by soaring gasoline prices. now the core price which excludes food and energy was unchanged from august falling short of estimates. investors are alleged for workday on its first day as a publicly traded company. the software company raised $637 million after selling 22.7 million shares make it the largest tech ipo since facebook debuted in may. wor

>>> oracle team usa is down, but not out for the count. we will have details on the catamaran capsizing coming up. >>> the gloves come off as the presidential nominees square off for round two. >>> also, a downward spiral. a former cycling champ dropped from a worldwide brand. more trouble for lance armstrong. >> good morning. i'm jon kelley. marla tellez has the day off. we start off with breaking news in the south bay. dr. marvin bonham has been charged with a total of 18 felonies. he is now accused of trading prescriptions for oxycontin in return for cash and return for methamphetamine. bonham allegedly wrote more than half his prescriptions for county residents. the 61-year-old resident is scheduled to be arraigned some time tomorrow. >>> it was 23 years ago today that the ground shook and buildings fell and sadly, 63 people lost their lives. we are talking about the earthquake of 1989. nbc's damian is keeping an eye on that. >> reporter: this is the reservoir and there is concern about the strength in case of a large earthquake. the v

. >>> we are learning more tonight about the moments right before oracle's multi-million racing boat capsized in the bay yesterday afternoon. we are joined now live with new information about that accident. noelle? >> reporter: julie, they've been fishing boat parts out of the bay all day. this particular section happens to be part of the 72-foot giant wing. when you're going that fast, accidents are bound to happen. the team is chalking this up to a very expensive learning experience. a boat built for speed is dead in the water. today team oracle was in salvage mode, as the crew fished its catamaran out of the bay, piece by piece. >> it's definitely a setback. >> reporter: a witness captured the moment the massive cat toppled, destroying its 72-foot wing. when the nose went under, the back end was 60 feet above the water. here's what the aftermath looked like up close. moments before this, item technician tom was hanging on from his six-story view. >> all i was thinking is, is the wing going to break? do i need to get off the boat? do i need to hold on tight? >> reporter: skipper ji

. >>> a setback for oracle and team usa to hold on to the america's cup. >> i'm lisa amin gulezian where they are waiting for their yacht to come tonight. >> and the race to host the 50th super bowl. the nfl announces the finalists and the bay area is in the running. >>> a major blow to oracle's sailing team. the 72-foot catamaran for next year's cup race capsized today. they captured these pictures valued at $8 million to $10 million after it flipped over near the golden gate bridge resulting in extensive damage. team members are still working to tow it back to pier80 in san francisco. that's where lisa amin gulezian is live for us. lisa? >> carolyn, we are talking about a very, very expensive yacht. the first broken piece of the yacht arrived here at pier80 about an hour and a half ago. >> the two bows dug into the water and it rolled over itself. >> it came crashing down this afternoon the 72-foot long boat was on its eighth training exercise when rough seas and strong wind caused the boat to topple over and capsize. >> it was pretty scary, i guess. it was a surreal feeling. i was as

team oracle says it's probably just a matter of time before it happens to another team. they just happened to be the first. at a team when team oracle should be in the water, they were busy trying to get their america's cup catamaran on dry land. this is not the way they wanted to see their ac72, just two months after being put in san francisco bay. it's being fished out of it, upside down, piece after carbon piece. tom is an olympic gold medal sailor. >> we're still learning about what these boats can take. and i think we found what they can take yesterday. >> reporter: the team had the ac72 out sailing yesterday. as the winds and current got stronger and the waves got bigger, the team decided to bear away, or turn away from the wind. a witness recorded the moment the boat capsized. when the nose went down, the back of the boat was six stories above the water. >> when we realized that we were going to capsize, jimmy said everyone hold on tight and look out for your teammates. >> jimmy spithill is the skipper. >> we had a plan and we had to use it. >> reporter: team orac

i did speak with a spokesperson for oracle and she told me the boat will be repaired although they do have a second boat. oracle is promising they will bounce back and still win america's cup next year here in san francisco. all level savage ktvu channel 2 morning news. >>> time now 5:02, in overnight news, high-speed chase ends with an alleged carjacker and a crash. now the suspect was injured when a car he was in smashed into a tree in pittsburgh. that tree stopped the car from crashing into a restaurant. the suspect was wanted after reportedly stealing a car from antioch last night. it happened on west 10th and g street. well the disappearance of a man is now being investigated. here to tell us what we now know about when he was last seen. here is more. >>> for weeks it has been considered a missing person's case and authorities are calling this a homicide. they say they found the body of eric dean garcia in the santa cruz mountains and his family has just been alerted yesterday. he left a party in san jose on his motorcycle but never returned. that harley davidson is still not ac

he is expected to announce a major change in oracle's database business. specifically oracle will introduce their new 12-c database. the conference runs through wednesday. a serious accident in san francisco, it happened just before nine this morning at-battery and green street off the embarcadero. one car flipped on to its ruth. rescue crews cut the person out of the vehicle. at least one person was taken to the hospital. the so-called carmageddon 2 in los angeles is going off without a hitch. well, almost. take a look at this. a huge piece of the bridge being demolished suddenly fell. workers had to high tail it out of there in a hurry. luckily no one was hurt. the closed ten-mile stretch of 405 freeway is on schedule to reopen early monday morning. >>> just ahead, the big delivery the post office will not make tonight that could get it in some hot water. and two northern californians are big winners in the lottery. where the winning tickets were bought. and plus the excessive heat watch called off, but it's still going to be warm. leigh glaser is coming

the sun is coming up and we are starting to see some of the wreckage from team oracle. the boat is still full team around and they are waiting to get its back to bay. @Ñ (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >> westbound traffic is the offer buy from end to end a 22 minute drive time use the dumbarton bridge instead. deck of the market wall street not doing too hot right now we have the dow-. although it is regaining many of the losses we saw ride out the gate this morning at 638 him. we have the s and p positive by five. the nasdaq also positive by six and have made it as a trend of what team you. >> and we are continuing to track a pain at the pump prices continued their slow fall just penny by penny. the state averages $4.57. in san francisco is $4.65. a downfrom yesterday. oakland is at $4.56 for the average. >> it is 7:13 a.m. we ha

we're live in san francisco where team oracle is going through the wreckage following their boat crash. >>> also -- >> i was sad, but at the same time i was mad. >> his school says he is a health risk to the other children. coming up, how a little palo alto boy and his family are fighting back against a school order. >>> also, putting a san francisco spin on it. the event that is turning the city into a playground. >>> and good afternoon. i'm jeff ranieri in the nbc bay area weather center. temperatures 20 degrees above average, near record-setting. air quality also suffering over the next 24 hours, going up to moderate levels for thursday. we are also tracking that heavy rain across st. louis with a rain delay for the giants and the cardinals. we'll have more on your forecast, coming up. >>> oracle's state-of-the-art catamaran that flipped during a practice run yesterday in the bay is back at its home base tonight, undergoing repairs. late this afternoon, the america's cup organization released new footage of the racing craft just moments after it capsized. nbc bay area's monte franci

the nfl announces the finalists and the bay area is >>> a major blow to oracle's sailing team. the 72-foot catamaran for next year's cup race capsized today. they captured these pictures valued at $8 million to $10 million after it flipped over near the golden gate bridge resulting in extensive damage. team members are still working to tow it back to pier80 in san francisco. that's where lisa amin gulezian is live for us. lisa? >> carolyn, we are talking about a very, very expensive yacht. the first broken piece of the yacht arrived here at pier80 about an hour and a half ago. >> the two bows dug into the water and it rolled over itself. >> it came crashing down this afternoon the 72-foot long boat was on its eighth training exercise when rough seas and strong wind caused the boat to topple over and capsize. >> it was pretty scary, i guess. it was a surreal feeling. i was as high as anyone so i was lucky to hold on and we made our way down and were able to jump. >> at least 13 people were on board the multimillion-dollar yacht that some call a monster to sail. it is nearly twic

he's the founder, ceo and chairman of oracle a business software company. a rare interview we talked about his friend the late steve jobs and the state of ark oracle's business today. >> our business is fairly good. our software business is groeg and part of our hardware business we care about most, engineered systems are growing at over 100% rate. >> you have been a serial acquirer and the growth has shown throughout the deals you have done. where are the holes? where are the opportunities to grow in terms of the next acquisition? are you poised to do another deal soon? >> we are not planning any major acquisitions right now. we are focused on the fact over the last seven, eight years we have re-engineered our applications for the cloud. we think that is a huge opportunity for organic growth. >> you have upstarts trying to take market share. how will you ensure that enterprises out there are looking at oracle for that top-to-bottom solution. >> we have much more complete suite of applications in the cloud. we don't do just sales or marketing of automation

team usa. >> oracle team usa's is the youngest skipper to ever capture the america's cup when he was in 302013 he looks to take his team to back-to-back titles. he was drawn to the sport in a meaningful way. >> you know, when australia won, all of the people, no roads, you had to get there by boat, all got together and it was partying following the victory. when you're a young kid seeing that, naturally that's what you want to do. >> reporter: he became one of those guys and now is very hands-on in the effort to defend the cup. >> successful teams are athletic driven teams. >> oracle team's usa other skipper is the winningest skipper in the history of the cup and he's the most skilled skipper in the world. high praise from a boss that won four cups himself. when they compete against each other in a race setting, it's healthy but fierce. >> you have to really love it. it has to be a real passion. i think now we're put down as the defender but i see us as having to win it again. it's like nothing else matters more than winning this next cup. >> reporter: for jimmy, quite the challenge

team usa, second oracle team, by russell cuts. and the team known as pirana and sword fish, team korea, energy team, arnamit white, red. and jq morgan and the china team and so we look forward to welcoming them all back into town and on to the great bay. very exciting. as i mentioned we will be holding fleet week at exactly the same time. flee week will be october 3 to the 8th. so it will begin officially a day after the practice session for the america's cup. fleet week was started in 1981 and has a long tradition here in san francisco. it was started by mayor diane finestien and it is the third year that it is used not just to celebrate the men and women in the military services but also to bring together leaders from around the bay area and the federal agencies with the state agencies and the local agencies so that in the event of a disaster, situation, or an imagine situation, we have met each other and compared notes and we have a working relationship, and that was a vision embraced or created by general michael myatt a retir

. >>> larry ellison is the founder, ceo and chairman of oracle, a business software company. in a rare interview this week we talked about his friend, the late steve jobs, the hawaiian island he just bought and the state of oracle's business today. >> our business is actually fairly good. our software business is growing and our part of the hardware business we care about the most, our engineered systems, are growing at over 100% rate. >> you have been really a serial acquirer and the growth has shown throughout all the deals you have done. where are the holes, where are the opportunities to grow in terms of the next acquisition? are you poised to do another deal soon? >> we are not planning any major acquisition. we are really focused over the last seven or eight years we have reengineered all the applications for the cloud. we think that's a huge opportunity for organic growth. >> you have these smaller companies, these upstarts trying to take some market share, particularly as it relates to bigger data. how are you going to ensure enterprises are looking at oracle for the

the oracle team facing a big setback after the boat capsizes in the bay.t it took to pull that yacht back into port. >> it's official! it's a beach day. not many days like this for the remainder of the year. sunshine all the way to the coastline but we have put some rainfall back in the forecast, too. we'll tell you when coming up. >> and our morning commute is just getting under way. we have traffic cameras all around the bay area. here's one in the south bay. coming up, a look at bridges

we want to thank oracle's jimmy spittle or the taking us out the first time in august. it's going to be a busy weekend, but it's going to bring all kind of attention. they may be anticipating the largest crowd ever to see one of these races in north america because of all the events here in san francisco this weekend. and the racing will continue through sunday. let's show you a little bit right now as to what was out on the bay today. ♪ the america's cup world series is back on the bay for another week of racing with match racing qualifiers set for wednesday as the action continues through to the fleet racing finals on sunday. tuesday practice sessions were just part of the scene as the skippers from all 11 teams came together, and nine of them looking to challenge oracle team usa which took top honors in the match racing and fleet racing competition in august right near san francisco. the skippers for oracle team usa are certainly feeling at home here in the bay area, and are looking to build on their summer of success. >> i see more of us. i mean we'd like to repeat

we had a plan and we had to use it. >> reporter: team oracle's chase boat caught the aftermath. nothing captures what it was like to be onboard moments before this when it up-ended. >> when you've got carbon rigging and rings and foils and lots of sharp things to hit on the way down, it's a very serious matter. >> reporter: the new 72-footer was already in construction but won't be ready till the end of next year. >> authorities in new york city arrested a man from bangladesh today and charged him with a terrorist plot to blow up manhattan's federal reserve building. federal prosecutors say the man parked what he thought was a car bomb this morning and then tried to detonate. the plan failed because the fbi set up an elaborate sting operation. they say the suspect was on a mission to destroy america. >> he got a student visa under the pretext of being a student in college in missouri. >> authorities identify the man as 21-year-old nafiss. agents tracked him after he posted comments about jihad on the internet. he's being held without bail. he did not enter a plea to the charges

oracle team usa capsized today, but it didn't ruin the day.e'll show you some video you just got to see to believe. quite amazes coming up in a bit in a live report. >>> plus, another big hike overnight to gas prices into the record books here in california. >>> and he was helping the customer when the unimaginable happened. the jaw-dropping video coming up next. [ taste buds ] donuts, donuts, donuts! who are these guys? oh, that's just my buds. bacon, donuts. -my taste buds. -[ taste buds ] waffles. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? rookie. okay. ♪ nutty clusters and almonds, ♪ ♪ almonds. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. with 43% daily value of fiber for you. crunchy nutty clusters and real almond slices for your taste buds. >>> take a look at this. dramatic surveillance video shows a white pickup truck slamming into the front of a liquor store, shattering glass and coming within inches of hitting t

oracle open world one of the many events howard street closed between third and fourth delays south ofmarket great way to get around all of this traffic mess whatever going on this weekend, abc 7 waze app. shot of 680 corridor light. download this free app at abc7news.com/waze. >>> 5:10. >>> next, lay-offs coming to one south bay school district. causing a big headache for students and parents. >>> all-out manhunt for the gunman who killed a border patrol agent who federal officials suspect is behind the shooting. >>> what is behind huge jump in pump pain? >> here's paula faris with america's money report. >> reporter: good morning. more turbulence for american airlines pilots are expected to authorize strike this week although negotiations are resuming. american says it has found the cause of those loose seats and improperly installed clamp. u.s. auto sales up to highest level in more than four years, automakers led by toyota buyers need to replace aging vehicles and feel more confident about their jobs loans are cheaper and easier to get, we are not as confident about the economy bir

what we are showing you is oracle boats sent out to rescue them. drifted past the area. strong winds caused the boat to flip. >> it was scary, i guess, it is the real feeling, every day we go out we are pushing it more and more. it is a pretty big crash and we are very lucky nobody was injured. >> but this accident is certainly a set back for oracle team usa. they were planning on sailing this during next year's america's cup as they try to defend their title. crew members know the large sale that catches the wind was destroyed and the team will have to wait and see what other danger has been done to the boat. we do expect that will be done later today. i spoke a short time ago and the boat is back here at team headquarters and they will pull it out of the boat, alex savage ktvu channel 2 morning news. >>> three people were arrested following a high-speed chase and crash. all three were injured when they mode down the tree and the tree was the only thing keeping the suv from hitting the restaurant. it reported -- they reportedly stole something fortunately nobody else wa