phil town is an investment adviser and entrepreneur and author. you can find him at ruleoneinvestor.com. and also join g ing us is the founder of the organization uniting and organizing latina entreprene entrepreneurs. good to see you both. >> you, too. >> and i recently hosted a panel of venture capitalists, and we spent as much time to talk to people why not to take investors and getting people to invest in the company, and we were writing notes at the same time so i'm interested in what you think. >> well with, this is a myth, because i have been around the venture capital industry and angel capital for 30 years and i have never met a single one of the people who is have put up the money who wants control of the company. nobody does. they want you to hit the business plan. when you don't, somebody tries to come in to make business of the whole thing and that is when you can lose control. >> well, she is not really ready for the money yet. i related to her and she is going to be successful. when you come from a minority background as i have, and

phil chen. i'm the chair of the committee for better parks and recreation in china town. the committee is a voluntary organization that has worked with the commission of open space issues over 40 years. we starred in 1969 despite attempt business a developer to turn a playground into a garage. i'm here to speak on the proposed regulation regarding prioritis for the transbay open space impact fees. we are recognized as a es for the transbay open space impact fees. we are recognized as a high needs neighborhood. 40% of our stock in china town is made up of sro units, single room occupancy units that are eight-by-ten. there is barely enough room for a bed. when there is a bed it is standing room only. there is no bathroom in there. no kitchen. there's no closet. if you need to go to the bathroom you need to take with you a flashlight. take with you toll let paper and towels. maybe you need to take with you alcohol or other cleaning solution to clean the toilet. if you leave your toilet paper or soap, somebody is going to take it or steal it. you cannot cook in your unit beca

. >> after the kron4 news that the fellows in new town conn covering the tragedy at sandy hook elementary. it's a topic dr. phil tackles the day at 10, again immediately following the kron4 news. >> it is 645 at the top stories we are following all these those schools in new town conn will reopen today except sandy hook elementary school. two of the 20 children who were killed will be laid to rest today. and we'll learn more about the shooter adam lanza who reportedly had aspergers syndrome. as a cold morning so far in the bay area but tomorrow will be colder. we will have more on weather and traffic in just a couple of minutes. >> let's talk about wall street this morning. the last check of the dow was positive. it is that a few minutes since a look at the latest numbers. we want to talk to rob black to try to piece together what is moving investors on wall street. first i want to talk about the account deficit which shrank. what is a copit? >> it tells you how business is doing in the u. s market. it came in at a very low number might be you are spending money on guests and american goods. americans are not r

town of dearborn heights made a gruesome discovery. >> it was extremely brutal. it was probably the worst homicide our city's ever seen. >> sergeant phil wingrowski responded to an urgent radio call for a detective. >> as soon as i arrived, they pointed out a deceased female that was on like a back porch area. so i went over there and looked at her and, you know, her body was basically like decimated. >> police identified the body as that of missing teenager kathleen jasmine hahn. her grandparents are called to the station to confirm the i.d. >> they said that she was held against her will in this apartment and that she had been raped and beaten and stabbed and thrown over a second-floor balcony in a snow bank naked, nude. and he had used two knives on her. he almost cut her in half. >> it does not get any worse than what happened to this young woman. >> they were selling my granddaughter, and nothing was done about it. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take

. >> during playoff runs, the town thances the players more normal. >> as far as the design, phil says it and his artist, a huge ravens fan, did the rest. >> he lives in south carolina but he's from dundalk and whenever we do ravens merchandise or ravens players, he puts a little extra in it because he knows a lot of people in town and he's a ravens fanatic. >> what's the public opinion of the shirt? >> what do you think of it? >> it looks took me. i think they should be the champions, don't you think? >> i will be picking mine up and wearing it with my buddy in the truck. he a pittsburgh fan. i like to wear it around him all day. >> you can have this one. >> oh, man, thank you. >> show it to everybody. looks pretty good, huh? >> lowell playing santa claus, giving shirts away. time is 6:29, 36 degrees at the airport. new year's day, a birthday for one of america's most important documents. you have a chance to see the emancipation proclamation in person. >> details on the snow event coming up in the insta-weather >> you're watching wbal-tv 11, live, local, late breaking. >> welcome bac

phil flynn, always knowledgeable. price futures group. >> thank you. lori: 'tis the season. the little townlph, ohio, trying to save christmas. melissa: striking workers in california may turn into thh grinch that stole it. the port of long beach executive director j christopher lytle will join us how this could impact your holidays. ♪ . >> i'm liz macdonald with your fox business brief. stocks are swinging between gains and losses today as investors continue to focus their attention on washington, d.c. and the fiscal cliff negotiations. u.s. banks posting their best quarterly performance in six years. according to the fdic, banks posted a combined profit of more than 37 1/2 billion dollars during the third quarter. that is the 6.6% increase from the same time last year. the number of banks on the agency's problem list also fell from 732 to 694. >>> newly-elected massachusetts senator elizabeth warren has been tapped by democrats for a seaton the senate banking committee. warren won her seat campaigning as a populist who would crack down on big banks. this comes two years after she unsucces

at the the kron 4 news stock feel is in new town connecticut covering the tragedy at sandy hook elementary. >> it is a topic dr. phil today at 10, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. welcome back. 8:45 a.m. the top stores we are following. students will return to class today in new town, conn., will see tighter security. >> the town that has to start the process of burying the 20 children were killed last week is still on edge, and some parents are likely to keep their children at home today. >> all schools a separate set of elementary are back in session today. >> it i

chapel's all over town of jumping at the chance to sell 12-12-12 packages at three times the normal price. >> a reminder to catch dr. phil0:00 a.m. after kron 4 morning news again at 10:00 a.m. and also good morning time is 4:55 the rock-and-roll hall of fame announces its 2013 inductees. from hip-hop to hard rock, elisabeth corridan has your musical line up in today's hollywood minute. >> the inductees were announced tuesday in los angeles. it spins across the musical spectrum the rock group heart. quincy jones. >> we are out there writing and traveling for years. we have been noticed. this is a big deal. >> the list of inductees are albert king, randy newman, and public enemy. the ceremony is set for next april. >> in an interview the actor says this is not a new diagnosis. he told the magazine he has prostate cancer for six or seven years and insures his examine regulate and that is not life-threatening. >> new england patriots quarterback tom reddy says he's thrilled to have his son have a sister. that stance, a brady he tells espn he grew up with sisters and he is glad his son will experience it. he said in an inter

town conn. we will be back in just a moment. >> don't forget after the kron4 morning is this morning you can watch dr. phil 4:00 here on kron4. >> a final check on your seven day weather forecast, showers on and off today. more rain tomorrow and a bit on the windy side. finally a break on wednesday before more rain moves and on thursday friday and more rain for the weekend. uncle! >> no such luck. ♪

phil keating. sarasota. wow!. bill: there is new fallout from the newtown school shooting as you can imagine only days after president obama went to that townnd said this. >> in the coming weeks i will use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals, to parents and educators in an effort aimed at preventing more tragedies like this. bill: we are about to hear how he plans to use his office to change things. . martha: breaking news in just moments ago, judge robert bork has died this morning at age 84 from heart complications. as you remember of course he was nominated by ronald reagan back in 1984, faced a contentious senate hearing that ended in a no vote for judge bork. he is remembered today by those who admired his judicial outlook, and we will be talking about him in the coming hour with somebody who knew him well. more on that moments away. and now to this fox news alert as well, to a foxnews.com exclusive on a possible motive for school gunman adam lanza and why he may have snapped on that fateful friday morning. a source tells foxnews.com that lanza's mother had p