is rebecca here? [applause] and representing at&t we have jason chan. jason?on is probably busy making phone calls. right here. [applause]

is rebecca here? [applause] and representing at&t we have jason chan. jason? jason is probably busy making phone calls. right here. [applause] and representing bank of america, rosana lunge. [applause] and representing croft , ron lowe, ron? [applause] we have mcdonald's and their representative did not make it and the last one on the list, ross bargo who has been with us for many years, tracy tran, tracy? [applause] tracy has not made it yet. so really, thank you very much. and for joining us and hope to see you again next year. and it's so special that our new police chief is with us. and would you like to say a few words? [applause] >> i don't think that that was actually a question. [laughter] i'm just really pleased to be here. i wasn't prepared to say anything. but just the culture and what it does for the community, it really does leave me without much to say other than thank you for everybody does. and thanks for having me. [applause] >> thank you, chief. and thank you, claudine. i hope you were able to meet some. greeters in the lobby before the event

now here's russ and rebecca. >> betty, thanks a lot. just had an album out last year. critically acclaimed. sad loss for us. >> it is a big loss. here is lonnie quinn with a first check of our weather. >> look at the little summer suits russ and i pulled out for the big day. >> love it. >> the unofficial start to summer. i want to talk about the extremes that are out there weatherwise on this memorial weekend. snow flies high in the northern rockies. whereas frisbees fly on the east coast. and there's a little fly in the ointment for the southwest. i'm not talking about rain. in fact it's the lack of rain and the bigtime heat out there. tucson to santa fe to midland, texas. 90 degrees up to 105 anywhere in this big swath of red. humidity levels, i mean, they don't get any lower than that. 5% to 10%, you're dry, you're hot, you have got to be so careful with any kind of an open flame as you try to start a barbecue. please be careful. this is just ripe for those wildfires that you heard betty talking about just a moment ago. >> all right, everybody, whatever the weather i

. >> now here's rebecca. >> jeff, thank you. now the latest from joplin, missouri where people paused with president obama on sunday to remember the victims of last week's killer tornado. this morning they are back at work getting their lives back on track. cbs news national correspondent ben tracy is in joplin with more. good morning, ben. >> reporter: good morning. this is not the holiday weekend people had in mind here in joplin. so much still to clean up. but you know, almost everywhere you go in this town right now you also see a lot of this, american flags are everywhere, signs of mourning and hope. for lisa hartman this is especially painful. her fiance, jay petty, was an army ranger for two years serving his country. >> he had this dedication to -- he never stopped. it was like he was always on a mission. >> reporter: but petty did not die on a battlefield. he lost his life here when the tornado tore through missouri he was outside, across the street from this building where both he and liza worked. >> my supervisor is t

bob orr, cbs news, washington. >>> and now here's russ. >> thank you, rebecca. republican presidential hopefuls were quick to pounce on president obama's middle east speech. here with a look at a very busy week for the gop is cbs news political correspondent jan crawford. jan, good morning to you. >> good morning, russ. >> talk about these 2012 hopefuls. newt gingrich, not a great week for him, caught some flak from his own party. we found out about a very huge bill from tiffany's jewellers and he had glitter thrown on him in minneapolis this week 47 how would you assess newt gingrich's week? >> well, it's not one that i think most people would like to relive. it's not over for him. i mean, but it was a significant hit. that he took this week. it started last sunday when he made those comments about republicans, and congressman paul ryan's budget plan, conservatives were furious, and democrats already have taken what he said and criticizing those republicans and put them in campaign ads that they can run against some of the republican contenders. >> again, you sa

now here's rebecca. >> unfinished business, the saga continues. just focus on the interest rate, there are perks that can also make a difference and here to help you choose the right card for your life tile is lynnette khalfani-cox the author of "perfect credit" and founder of the free financial advice blog askthemoneycoach.com. great to have you with us, lynnette. >> great to be here. >> obviously different life parts make a difference to the kind of credit you need. why? >> we're all at different stages of our lives. frankly all of us use credit cards differently. some of us do carry a balance. others of us pay off our credit card balances in full each month. so you've got to maximize the benefits you'll get from your credit cards if you're going to go out there and charge and spend anyway, why not get the perks and benefits? >> such a good point. so in college, people are spending on certain things. maybe different than what they'll be spending on later in life. what do you recommend? >> really when you start looking at people who are in college

here in new york city. i'm russ mitchell. >> and i'm rebecca jarvis. of course, russ, this has been a very busy news week from the osama bin laden news to the jobs news. of course we'll be covering all of it right here on our program. >> first let's get to our top story. more is ee merging about osama bin laden's nine years in hiding. this morning u.s. officials say more new video of bin laden in the compound is expected to be released. it appears he played a key role in the attacks by al qaeda and its affiliates in yemen and somalia. the u.s. seized hundreds of hours of audio and videotapes in the raid and on friday president obama met the army pilots and navy s.e.a.l.s who exkited the raid on bin laden's compound. krrz correspondent elizabeth palmer is in the pakistani capital of islamabad with new pictures from inside bin laden's hideout. good morning to you. >> good morning. well, officially, since the beginning of the week, a few hours after the raid, that house has been sealed. but all week images have been leaking out. new video, probably shot se

rebecca? >> yeah, these are some tough choices. dpeen reynolds in morganza, louisiana, thank you. now here's russ. >> okay, rebecca, thank you. >>> this was a very busy week for republican presidential hopefuls. there were announcements, major speeches, and potential candidates jockeying for position for the 2012 election. for a look at what it all means, let's turn to cbs news political analyst john dickerson. he's in our washington bureau. good morning to you. >> good morning, russ. >> it looks like the republican field is shaping up. do you expect any wild cards to show up in the next few days? >> well, that's right. the souffle is starting to set up a little. we have newt gingrich coming in, ron paul made it official. we still have some wild cards out there, though, mitch daniels, the governor of indiana is thinking about it. says he's going to have a decision. a lot of people are waiting for him to speak up. and ambassador huntsman who was the recent ambassador to china, john huntsman, is going to get into the race. so there's still a few more big names, but it's moved along a little bi

we've been speaking with rebecca lindland at i.h.s. automotive. >> tom: here are the stories in tonight's n.b.r. newswheel: mild losses on wall street on lingering worries about greece's debt crisis. the dow fell 25 points, the nasdaq was off 12 and the s&p 500 lost a point. trading volume held steady on the big board with 866 million shares moving trading hands. it rose slightly to 1.9 billion shares on the nasdaq. moody's investors service is making dire predictions on what would happen if greece defaults on its debt. moodys says that could spark downgrades on the other shaky european nations. tokyo electric power now says half the reactors at the fukushima nuclear power plant melted down in the aftermath of the earthquake and tsunami there. and we're seeing the first damage estimates on this weekend's deadly tornado in the midwest. losses from the storm that killed 117 people are expected to run as much as $3 billion for insured homes, businesses and factories. for manipulating the oil market back in 2008. that's when prices neared $150 a barrel. the c.f.t.

cbs news business and economics correspondent rebecca jarvis is here with more.rn to normal in the sense that americans are going back to credit and borrowing. >> consumers are back to borrowing and banks, this is key, banks are actually lending them the money. bank lending was up $30 billion in the first quarter of this year and why that's important is because obviously if you're an american you want to buy a home. you want to buy a car or you want to expand your business, in many cases you need a loan from a bank and banks are now back to doing a little bit more lending than they were at the height of the crisis. >> so we should put this in perspective because this report looked at more lending, people going back to credit more. there was a large focus on the irresponsible use of credit by many americans in the past leading up to the recession. we're seeing positive uses of credit. >> none of this stuff happens in a vacuum. when we say people are back to borrowing we want to know they're doing it responsibly. this report shows overdue bills are down 15%. on top

rebecca jarvis is here on what all this means. . >> the treasury secretary tim geithner laid out a direnario. congress raises the debt ceiling by august or we could all pay a devastating price. with our nation's credit limit breached, treasury secretary tim geithner warns a failure to act would result in disaster. >> we do not have the option of leaving this problem to another day, another congress or another president. >> reporter: since monday when we hit the $14.3 trillion debt ceiling and congress failed to raise it, geithner's had to shuffle costs to keep the country afloat. >> we were forced to deploy a series of extraordinary measures to prevent default. >> reporter: those measures include borrowing from two federal pensions and halting some state aid. >> we have hit the debt ceiling. the treasury can use accounting gimmickery and techniques but that can only go on for so long. >> reporter: for your home budget each month groceries and gas need to be paid and of course the mortgage. say you don't have the money to pay the bills and your credit cards are maxed out. you have to fee

rebecca jarvis is here with a closer look at that. i mean, she's the queen. >> it's incredible. called "the oprah effect." just about everything she touches or supports turns to gold. over the years, hundreds of products, books, and tv personalities have reached new heights thanks to oprah and the buying power of her 42 million fans. >> everybody! >> it pays to be in oprah's audience. >> you're going to australia! >> the bigger prize over the years has gone to her guests. oprah's my das touch has launched multiple careers and helped sales of her 283 favorite things soar by as much as 1,000% overnight. >> it was phenomenal, amazing, it is the gift that keeps on giving. >> after appearing on oprah in 20 02, beauty products climbed from $2 million to $30 million. >> a stamp of validation. >> absolutely. that's exactly what it is. >> it's not just products. >> whate with want to do is start a book club here on ""the oprah show"". >> of the 70 books featured on oprah's club, 59 became best sellers. >> i want to get the whole country reading again. >> books like david robluwski's nove

rebecca jarvis is here to tell us why and what it means if you're looking to buy a new car.hey are, and car sale prices going right up. >> car sales are going up. sounds like to some people maybe it's happening in spite of higher gas prices. the reality is that car sales are rising because all of the automakers and the detroit three are a big part of this, they are putting out more fuel-efficient cars and those are the big sellers right now. if you went to the new york auto show this week and last week you saw all of the fuel efficient cars among them the chevy cruise, which is a general motors car, is one of the big ticket items, definitely selling big here and general motors saw its sales of all the automakers go up the most by 27% in the month of april. >> big numbers for gm. let's talk about big cars, suvs. normally when we see gas prices go as high as they are the sales of suvs scales back until the prices come down. any correlation? >> absolutely, that's what we tend to see. in this go round americans may actually be changing their habits. what we've seen in 2008 when

cbs news business and economics correspondent rebecca jarvis is here to help us avoid that this morningorning. >> good morning, jeff. >> $38 billion? that's a huge number. how do we get there? >> it's a massive number. and it seems even more massive when you look at the fact that the average or median overdraft amount that we accidentally take out of our accounts is just $36. $36 of an overcraft will amount to a median penalty of $35. then for every seventh day that you still have not paid that back to your account you're going to be paying $25. if this were treated like a short-term loan, jeff, what you would end up looking at is an apr of 5,000 percent. yes, so a short-term loan is your overdraft from the bank and you end up paying big for it. >> it seems like the little nicks and cults come in all over the place. do banks have to tell you about all this stuff? and how do they? >> well, they do on some levels have to tell you but it can definitely be hidden, buried in the fine print. on average these documents amount to 111 pages that come along with your account. it can be buried in

cbs news business and economics correspondent rebecca jarvis is here with more on this.hen we get numbers on the economy. they seem to be two steps forward, one step back. housing prices were dropping, but the good news is that mortgage rate is dropping. this is really a silver lining. >> it is a silver lining. what happens is when mortgage rates go lower it makes home buying more affordable. when home buying is more affordable, more people are interested in going out and purchasing homes. there are some caveats here, though. that's the fact that obviously the unemployment rate is still 9%. job security in this economy, a lot of people who have jobs are concerned about whether or not those jobs are going to be there. and those are also factors in addition to the purchase price of a home that determine whether or not you're going to actually go out and buy one. >> those are things to keep in mind. again, nice how it can boost the overall economy as you just showed us. so it would be, though, a good time, if you could, to buy a home based on this rate, even though it's not

>> rebecca var advice in piedmont, oklahoma. >>> people here had another scary night. 9:00 p.m. local time, tornado warnings and sirens were sounding which had everyone in a nervous panic as you can imagine this place on edge already. with that warning going out, search and rescue efforts had to be subsided for a moment while that took place. it did hinder the effort as they pick up the effort again here this morning. cbs's don teague is here with us and has more. >> reporter: there is much more work to do. the tornado that destroyed so much of this city was an ef-5, with winds in excess of 200 miles per hour. there was another scare here last night. the tornado sirens went off as the severe thunderstorm came through bringing heavy rain, high winds and more worry. >> the latest storm has the people of this community on edge. as they cope with the destruction of sunday's devastating tornado, which killed at least 122 people. injured hundreds more and left thousands homeless. from high above what's left of the city. the field of debris is overwhelming. a path of wreckage seven mil

chief, it was still a major issue for the markets, and we did see declines here in the united states of that market as well. >> rebeccathanks. coming up next on the program, who are mike huckabee's supporters going to vote for you? we're going to look at the reshaped republican presidential race when we come back. this is the "early" show here on cbs. [ giggles ] hey, max. [ announcer ] you can help significantly extend your dog's healthy years. a groundbreaking 14-year study by purina... proves that puppy chow, then dog chow nutrition, fed properly over a lifetime, can help extend his lovable antics up to 1.8 healthy years. long live your buddy. [ laughs ] oh, max. long live your dog. purina dog chow. double dog dare you to try better-tasting than ever purina dog chow. we know your dog will love it. ♪ things are gonna get easier ♪ ooh-oo, child, things will get brighter ♪ ♪ ♪ someday, yeah [ male announcer ] wherever you are, whatever it takes, like a good neighbor, state farm is there. ♪ imagine a day free of worry, a day when we can eat what we want, drink what we want, and sleep soundly through the night. finally

the, in doing the family research the woman on the right here is mary joseph lyons, and she is the sister of my great, great grandmother, rebecca marshall. so, and she married this man, lyons. and i bring them up although i'm not going to talk about them much in this talk tonight. i bring them up because albro lyons said to his daughter -- she's on the family tree -- that he wanted to write the story, the history of his generation. but he never got further than the title. and the title he had picked was the gentlemen in black. so he said to his daughter, i am not going to be able to do it, i want you to do it. so in this same collection of papers we have a typed manuscript, about 85 pages -- pretty much in draft form. organizationally, at least, in draft form. and what marisa said from the vast output of fugitive scraps, she was going to try and write her memoir. she titled it, "memories of yesterday." so she wrote the 85 pages but didn't get it published. so i consider my book, "black gotham," to be the final event, the final publication of this idea of writing the history of the gentlemen in black which goes well back into th

rebecca rose woodland, good morning to you. >> good morning do you. >> thanks for joining us. >> thank you. >> let's talk about the insanity defense here.>> it's so interesting and different and, quite frankly, really ahead of its time or maybe not in the best perspective. this is a 10-year-old in california the prosecutors are claiming they're going to charge him as an adult. that is extremely rare. the law there is 14 or over. that's even possibly to be considered. in this case they are going to push the judge to try this child as an adult. he ee's 10. now that is a big stretch from 10 to 14, and 14 is even very young because the adult in california is 18. the age of consent is 18. >> we're talking about an offense of what? >> what the prosecution is claiming is there there was motive of forethought. they're not telling us what that could have been. so the sentence he is facing if he's tried as an adult is 25 years to life for murder, intentional murder, which is tellny in california. so i'm very, very surprised that this is happening, that they haven't really released much information, so we don't know where they're coming up with th

family, my parents -- i can't get through this without -- my children, rebecca, jake, and shelby, and my husband, steve, all here today, they make major sacrifices so that i can do a job i love so much. i am truly fortunate to have such a wonderful and close family. [applause] my congressional staff works tirelessly on my behalf. they are a committed passionate group of public servants, and i appreciate and value all they do for me and my constituents. to the dedicated staff that keeps our party running and winning, you have been there for me as vice chair, all of us as officers, made my transition to the dnc easy and pulled off yet another successful dnc meeting. thank you, thank you. [applause] i truly, truly look forward to working even more closely with all of you, and i do want to ask all of us to keep patrick's family in our thoughts and prayers. patrick is a tireless advocate for democrats his entire career. for years, toiled in the wilderness for democrats, and i'm so looking forward to working with him side by side to help reelect barak obama, president of the united states of america. [applause] of cou

rebecca jarvis joins us with more. good morning. >> good morning. we're seeing a big sea change here.ppers urinally hold off on buying a car until memorial day weekend. and this year especially, less is more. >>> as the unofficial start of the summer driving season begins to ramp up, more car buyers are thinking about going smaller to save bigger at the pump. >> i'll probably save about more than $1,000, $2,000 per year driving a smaller car. >> adam gonzalez is looking at a chevy cruz, the top-selling compact car. >> looking at an american car, good on gas and still sporty as well. >> being hip and sporty is all a part of detroit's new campaign to lure american car buyers pack to the big three. >> this is the motor city. this is what we do. >> i think that there's a new reality in detroit that says people do or will buy smaller cars and that they can make money on them. >> in fact, one in four cars sold in the u.s. in april was a compact or sub compact car. and in the past year, the share of compact american cars sold jumped from 20% to 27%. >> just got a new car. >> after turning in

my children, rebecca, jake and shelby and particularly my husband steve, all of whom are here with me today. they made major sacrifices so i can do a job i love so much. i'm truly fortunate to have such a wonderful and close family. [applause] my congress a.m. staff works tirelessly on my behalf. they are a committed and passionate group of public servants and i appreciate and value all that they do. and for the dedicated staff that keeps our party running and winning, you have been there for me as vice chair and made my transition to the d.n.c. easy and pulled off another successful d.n.c. meeting. thank you. thank you. i truly, truly look forward to working even more closely with all of you and i do want to ask all of us to keep patrick's family in our thoughts and prayers. he has been a tireless advocate for democrats and h has i told in the wilderness for democrats. i'm looking forward to working with him sidely side to help reelect president obama as president of the united states. of course i am so honored to have been nominated for this position by the president and thrilled th

here's one more thing i'd be remiss if i didn't mention. this is from the syndicated game show "who wants to be a millionaire." a grad student named rebeccag to sentence a question about the solar system and in doing so provided us with our inunintentional joke of the day. >> jupiter is roman i believe. i can't even put a finger on uranus. >> jimmy: well, you better not try either. would not have allowed that. ever. hey, we've got a good show for you tonight. ty pennington is here. we have music from wiz khalifa. and we'll be right back with rob lowe so stick around. [ male announcer ] at cheez-it, we expect a lot from our cheese. hello. hello. how are you? how are you? are you mocking me? are you mocking me? [ both ] well it sounded like you were... now that you're repeating... everything...that i say. ok. ok. [ both ] we made some progress yesterday. [ pen clicks ] click. check. [ pen clicks ] click. [ male announcer ] we take the time for our cheese to mature before we bake it into every delicious cracker because at cheez-it, real cheese matters. before we bake it into every delicious cracker better than any other luxury brand. ♪ intel

rebecca. if this goes to insanity defense, how does that work? >> this child is 10 years old. in california, children under 14 are never charged. this is so rare that everything is new here. so i'm kind of shocked and looking at it as a defense attorney and saying, wow, you are bringing a 10-year-old up on murder charges and having him face an adult penalty which would be 25 years to life. that's very serious. i think the attorney is looking at some different options based on the child's psychological state. he has said that he will seek the insanity defense if the psychologist comes back with affirming factors. >> i am wondering how much this has to do with the fact that this boy's father was a well-known white supremists, and will that play into the insanity defense? >> that's a really good point. it's hard, because the prosecutors are not releasing that much information. but there are some reports that this child has since 2003 been subject to some abuse, and the police have been called to the home, and there has been domestic disturbances, and the child has been violent and had violent outbreaks in school, due to what according to his teachers and counselors, from th

i can imagine here it will take the form of having a great food truck, maybe with donuts or pancakes or whatever for guests on the way out. >> that sounds like a great idea. rebeccar insight. >> and just ahead, london calling. the celebrations are just getting started for the city, but, first, these messages. thanks to the venture card from capital one, we get double miles on every purchase, so me and the boys earned a trip to dc twice as fast! oh hi! we get double miles every time we use our card. and since double miles add up fast... one more chariot please. ...we can bring the whole gang! i cannot tell a lie. he did it. right... it's hard to beat double miles! read my lips -- no new axes! [ male announcer ] get the venture card from capital one, money magazine's best rewards card if you aim to rack up airline miles. what's in your wallet? so, you're a democrat right? - oh, we miss you, honey. - i'll be home soon. until then... tommy? - behind every open heart is a story. - it's beautiful. - tell yours with my open heart collection at kay jewelers. keep your heart open, and love will always find its way in. better than any other luxury brand. ♪ intellichoice pr

rebecca, good morning. >> reporter: good morning. no matter where you fill up your car, chances are it spent some time here in cushing, oklahoma.pply. it gets stored in giant tanks. a small town of just 9,000 people, cushing, oklahoma, is among the most important centers in the global oil market, considered the pipeline crossroads of the world, an astounding 40 million barrels of oil are stored here in steel tanks that span more than 10 square miles. enbridge energy controls more than a third of the supply. >> we have about 13.8 billion barrels of shell capacity. we have it in 90 tanks. >> reporter: the oil is stored here before being piped back out to refineries and converted into gasolines. >> there is always oil moving into nd aout of curbing. >> reporter: lately, a lot more oil moving in than going out. >> reporter: does it feel like there is a glut in oil supply here? >> we are experiencing a large supply. this particular tank will hold about 250,000 barrels of oil. >> reporter: with gas price at $3.81 a gallon, why are oil companies keeping those tanks full and out of the nation's pumps? some analysts say it is in the hop

rebecca black? no! ♪ 7:00 a.m. ♪ ♪ waking up and you're in hell ♪ ♪ want to get away ♪ ♪ because you can't because you're stuck here don't you like my singing ♪ ♪ hitler in the front seat ♪ ♪ saddam in the backseat ♪ ♪ got to make my mind up ♪ ♪ which seat can i take ♪ ♪ it's friday friday ♪ ♪ fry in hell on friday ♪ ♪ and it's never going to be the weekend ♪ ♪ weekend ♪ ♪ suffering suffering ♪ ♪ suffering suffering ♪ ♪ fun fun fun ♪ ♪ friday will never end ♪ >> jimmy: well, that's -- all right. [ applause ] so, he's doing great. hey, we have a good show for you tonight. andre agassi is here. from "dancing with the stars," kendra and louis van amstel are here. and we'll be right back with sir anthony hopkins, so stick around. the count on chevy event is here. your ticket to a cruze eco. 42 mpg and over 500 highway miles a tank. one of our 9 models over 30 mpg highway. fuel up rock on. very well qualified lessees can get a low mileage lease on a chevy cruze eco for around $159 a month. fuel economy based on epa estimates. and there's a great selection of inventory available now at your chevy dealer. count on chevy f

rebecca trylch of wjrt has more. >> reporter: in the 1800s, wellington r. burt earned his iron, making him one of the wealthiest men in america. >> his second home was right here. a three-story brick mansion. >> that once magnificent home is now a parking lot. only a few reminders of burt's life remain in the city of saginaw including this road and of course his mausoleum. most significant though is probably this handwritten will. >> i think that he was kind of a wise old man, kind of foxy and i think he knew what he was doing in the long run. >> reporter: burt died in 1919 leaving very little fortune to his own children seen here. >> it's one of the most interesting legal cases and certainly in michigan history. >> reporter: probate judge pat mcgraw is responsible for carrying out burt's wishes which included holding onto his fortune until 21 years after his last living grandchild's death, she died in 1989. today, 12 people will share his roughly $100 million fortune. mcgraw shared this advice with them. >> you can resolve this, get your money, be done. or you can let me decide, someone is going to appeal and then you will have your money for, like i say, thr