i'm jeff glor along with rebecca jarvis.ill and chris wragge are off today. >>> a new showdown on capitol hill over raising the debt ceiling. republicans walked out of budget cutting talks thursday, saying that they had hit an impasse. we are going to tell you what is holding things up, also what the implications may be for getting this deal done in the future. >> first, betty nguyen is over at the news desk with a check of the headlines. >> good morning. >>> floodwaters specked to crest in my not, north dakota, over the weekend. water from the mouse river has broken through levees. city officials expect record high floods to swamp the city. some 10,000 people have evacuated. >>> there is new evidence of a possible link between osama bin laden and the pakistan government. a cell phone recovered during the raid on bin laden's compound had contacts to a militant group that bin laden used for support. >>> as the battle over raising the nation's debt limit rages on, republicans try a new strategy on thursday. walking out of the

rebecca jarvis is here with a look at how difficult it is to find a job. many americans would say very. >> very difficult. good point. good morning. economic data has been trending weaker as we have discussed. now a new report on job openings raises fears employers are getting less optimistic about new hires, not what you want to see at this point in the recovery especially on the heels of last week's jobs report which shows the economy just created 54,000 jobs. >> we have set a path that will lead us to long-term economic growth. >> reporter: the president tried to reassure the nation and its nearly 14 million unemployed that we're not heading into another recession. but he is worried about the job market. >> i'm not concerned about a double-dip recession. i am concerned about the fact that the recovery that we're on is not producing jobs as quickly as i want it to happen. >> reporter: for charissa lich, the concerns are personal. >> i'd like to have a job as soon as i possibly can. >> reporter: since losing her job in november she's fearful her prospects

. >>> i'm rebecca jarvis. it is the 1st of june. that means hurricane season is officially under way. forecasters predict 3-6 major hurricanes. we will visit galveston, texas after hurricane ike did $30 billion in damage three years ago. mary so marysol castro is there. >>> the shuttle landed at kennedy space center overnight, closing another chapter in nasa's long running program. michelle miller is here. good morning. >>> good morning, chris. this was the last trip into space for "endeavour," which is being retired. the final shuttle mission aboard "atlantis" is set to lift off next month. the shuttle program has only done half the flights na 23sa intended when it began three decades ago. >> space shuttle "endeavour" is coming in for a landing. >> reporter: when "endeavour" touched down it was its 25th and final landing. >> touchdown. >> the program that has been through 134 missions, built the international space station and delivered the hubbell tell scone into orbit ends this summer. >> it is going to be probably five or six ye

i'm russ mitchell. >> i'm rebecca jarvis. speak with amanda's parents about the new development. >>> in syria, witnesses say syrian forces and gunmen loyal to president assad stormed a town near the turkish border. homes were burned and dozens arrested. wyatt, what is expected to happen in the next 24 to 48 hours? >> reporter: russ, good morning. the key development we learned today is that bashir al assad, the syrian dictator announced he will be speaking to the syrian people in the next couple of days. we presume that may be as early as tomorrow night. what's important about that, assad is under increasing pressure to do something, certainly stop the violence and also stood reforms people think are real. if you want to see how much trouble assad is in, go back to the demonstrations that surfaced all over syria. it can't be overstated how widespread the demonstrations were. it comes one week after assad's army turned the town of jasir al segur into a ghost town. all of the people that turned out into the demonstrations yeste

. >> rebecca jarvis will explain how that has an impact on the economy. you're watching "the early show" on cbs. >>> this portion of "the early show" sponsored by hotels.com. the smarter way to book. no matter when you get around to booking, hotels.com will have a great last minute deal waiting for you. like at the hotels.com 48 hour sale. this tuesday and wednesday only. hotels.com. be smart. book smart. i'm chef michael and my dog bailey and i love to hang out in the kitchen. you love the aroma of beef tenderloin, don't you? you inspired a very special dog food. [ female announcer ] chef michael's canine creations. chef inspired. dog desired. [ female announcer ] you do so much... to stay healthy. but did you know fiber choice can help support your overall well-being? every tasty tablet has prebiotic fiber from fruits and veggies... that lets your good bacteria thrive and helps support your immune system. fiber choice. an easy way to defend your health everyday. learn more about prebiotics and get a free sample at fiberchoice.com. [ male announcer ] a b

we'll check in with rebecca jarvis. vo: so to show her what she's missing, we built a pc store in her house. erika: (gasp) employee: come on in. make yourself at home! erika: this is my home! employee: let's take a look! erika: (lifting laptop) it's really light. honey, help me shop! employee: you can get up to seven hours on this battery. jesse: the color really pops out. employee: everything's wireless. wireless keyboard. jesse: that's impressive. i like this one better. erika: and i like this one... vo: new pc. what's it gonna be? erika: i'm a pc, and i got what i wanted. jesse: as usual. choose a texas toast half-sandwich, like our classic turkey, piled high and tasty. pair with a delicious soup or house salad. served with seasoned fries, it's big flavor for just 6 bucks -- weekdays at chili's. share my concerns about bone or breast health makes me feel good about the choices i've made. [ female announcer ] like switching to one a day women's -- a complete multivitamin with more calcium and vitamin d than centrum to

cbs news business and economics correspond ebt rebecca jarvis has the story behind the numbers.d morning. >> good morning, consumers the heart, the lifeblood of this recovery and consumer confidence a key influence of the economy since our spending drives 70% of economic growth is slipping with higher gas prices and the jobs market stalling, that confidence is beginning to dip. for americans like lois mcclennon wnyx, high gas prices forced her to change her spending habits at the supermarket. >> we had a lot of brand loyalty and at this point some of those loyalties unfortunately we had to give up, loyalty of the own budget. >> reporter: cutting back on big ticket items like appliances down 1.3%. at gabowitz electronics in east brunswick in new jersey it hit their bottom line. >> they used to point to an item i'll take it. when can i have it. now they're asking, is this the best price you can sell it to them for. >> reporter: auto sales dropped 2.9% in may, the largest decline in 15 months. car companies say it's a combination of smaller inventory following the japanese earthqua

. >> i'm rebecca jarvis. erica is off this morning my, what a busy play iowa is as the presidential race gets into gear. michele bachmann went back to her old hometown to law firm her campaign for the presidential nomination. this morning, we are going to speak to her about the race and we will talk to her about jobs, her view of the economy, the debt ceiling, some statements she made over the weekend to bob schieffer on "face the nation." >>> in new mexico, a fast moving wildfire is threatening america's most important nuclear facility and forcing thousands of people out of their homes. david romero of our albuquerque affiliate krqe in los alamos, new mexico, with the latest on the situation there for us. >> reporter: this morning the flames remain dangerously close to this nation's premier nuclear research facility. the flames reached the los alamos laboratory yesterday. a small fire on the lab property was extinguished and radioactive material at the lab is safe. mandatory evacuation was ordered for the to

but i'm not inclined to do that. >> mason: a report from rebecca jarvis. we have some success stories to tell you about this morning. strictly speaking, you don't need rose-colored glasses to find them. but as serena altschul is about to show us, a low-cost pair of good looking spectacles sure wouldn't hurt. >> reporter: envision an eyewear company whose mission is to help you find glasses this are not only stylish but affordable. this is warby parker, a new web-based company that has openeded the eyes of the bespectacled world. after just a year this start-up has already sold more than 60,000 pairs of glasses. >> we started out, the four of us were all in business school. and the basic premise is that glasses are fun but they're unfun when they cost $500. so we found a way to provide the same quality glasses with prescription lenses for $95. >> i think i might like this. >> reporter: co-founders neal bloomen thaul, david gilboa, andy hunt and jeff raider met at the wharton school at the university of pennsylvania. it was there they managed to turn a pench

. >>> welcome back to "the early show," i'm rebecca jarvis here in new york city.utiful, sunny day this it morning. >> looking in the distance there, there's the statue of liberty. >> you can almost see her, in all her glory. >> i'm russ mitchell. coming up, the deadly e coli outbreak in europe claims more lives. 2,000 have taken ill. four people in the u.s. returned from germany and have been killed from the virus. the bacteria is extremely toxic. we'll talk to our dr. jennifer ashton if an outbreak like that could happen here, and what to do if you think you have been exposed. >> and everyone knows, the weather is a lot warmer, very nice. we're going to show you the highest-rated air conditioners and fans that will keep you comfortable all summer long without breaking the bank. got to save some money on these things, even though they're great. and we will do that for you. >>> meantime, jurors in the casey anthony trial in florida are expected to hear a tenth day of testimony today. anthony is charged with first degree murder in the death of her toddler, caylee. a

cbs business correspondent rebecca jarvis more. depressing numbers. >> yes, this was a very bad report. the most significant report analysts watch to get a read on how the economy is faring and it shows things are getting worse, not better. while companies are hiring, it isn't fast enough to keep up with high demand for jobs. today's jobs report shows the economy added just 54,000 jobs in may, almost 200,000 jobs short of gains made last month. >> we have seen a little deceleration in the labor market. you see a lot of signs pointing to that. >> unemployment inched up from 9 to 9.1% as more were looking for jobs and fewer were available for 14 million americans out of work. analysts say the slowing trend may continue due to sluggish job growth. high gas prices and double dip in the housing market. >> recovery has slowed. it is not creating enough jobs to help unemployment and in kang dangser of a double dip recession. >> consumers are reluctant to spend money and companies are not hiring. rates dropped significantly. the economy wo

cbs news business correspondent rebecca jarvis is here to break down the numbers for us. housing starts and permits are both up. a good sign? >> it is a good sign. home instruction in may jumped 3.5%. that is the good news the headline. the trouble is a lot of that new home construction was in the apartment sector. if it's in the apartment secretarior it's not increasing the value of our homes which is stuck in the doldrums. the same thing stuck in the numbers on permits to build new homes and what comes before a new home is allowed to be built, up 7.8% but again mostly rentals so you will not see a big uptick as far as the value of your home goes because of these numbers. >> some of the numbers we have shown the last couple of months is the jobs numbers. you need such and such jobs to get the unemployment rate down. what would make for healthy housing market? >> right now building 560,000 homes in this country per year. 1.it million is what would account for a healthy housing market. half of what we are doing -- rarge half of what you would get in the future is what we a

here to tell us more is cbs news business and economics correspondent rebecca jarvis.ays draw a lot of attention. today, apple unveils its highly anticipated icloud. and it's banking on the notion that that's going to change the way people listen to their digital music. amid all the fanfare, both investors and the public will be equally interested in the fact that steve jobs, apple's charismatic chief executive, will be introducing it. >> thanks for coming. >> reporter: apple's chief executive steve jobs will break his medical leave and take a san francisco stage later today to unveil the icloud. a web-based service the company hopes will change the way people listen to digital music. >> what it basically lets you do is store your music somewhere other than your computer in apple's icloud. and then you can play it from any device that you own and maybe even if they allow us, redownload it on to, say, another computer or another phone. >> reporter: one day, the service may allow you to listen to your music library from anywhere. off of anyone's device. it will reportedl

i'm rebecca jarvis sitting in for erica hill, along with chris wragge. >> hope it was a good weekend.ing, rebecca. >>> we ha've been telling you at about the capture of whitey bulger after 16 years in hiding. many of you are familiar with his brother, william. two men who took very different paths in life, with elaine quijano. >> reporter: for a brief moment, exchanging smiles in a courtroom friday. james "whitey" bulger, finally facing justice, 16 years after he fled, and his younger brother, william, once considered one of the most powerful politicians in the state. in the working class neighborhoods of south boston known as southie, both men once ruled their respective worlds. white whiteiest head of the fearsome irish american winter hill gang while william rose to the american state senate. >> you are loyal to your friends and family and without that there's nothing. >> reporter: ultimately that loyalty may have cost william his job, after his career in the senate william was forced out of his position as president of the university of massachusetts in 2003, after being questione

joining us to put this in perspective is cbs news business economic correspondent rebecca jarvis.t's got to be difficult because doesn't seem to be great news out there. why does bernanke come out and say and not have a real answer as to why the economy is stalling when everyone is looking for an answer. >> we all wanton answer. the federal reserve has tried things and government has tried and unemployment stuck near 9%. one of the things that caught this country by surprise is first of all the quake in japan. there's a major ripple effect. the last time the federal reserve came out with projections for what would happen in the future they weren't thinking about the massive ripple effect the implications on for example car dealerships here in the united states that couldn't get the components or even the cars to sell as a result of the japan quake. another major issue gas prices. after their previous projection gas prices jumped to that $4 a gallon level and that was a major psychological hurdle, a lot of consumers pulled back their spending in other areas as a result of it. >> cl

. >> joining us now is cbs news business and economics correspondent rebecca jarvis. you this morning. >> good to see you. >> good news to report this morning. let's talk about how positive this is for those looking to sell. >> home prices bounced up in the month of april by 0.7%, a month over month increase. when you look back at what happened last year, however, prices are still down. some people will tell you listen, while it's positive and we want to continue to see this trend it's not exactly the kind of thing where we're ringing the bells just yet and saying everything is getting about tbe. a lot of this is about foreclosed homes and this is driving up the price. >> ring some bells. >> the little ones. >> there are pockets of posit e positivity in this report. let's talk about that one. >> particularly on the west coast is where we do see some things looking higher. for example in san francisco, washington, d.c., was the big winner in this month's index, but we are seeing some pockets as well in atlanta and seattle, and a lot of people are saying that those are

cbs news business and economics correspondent rebecca jarvis is here with the numbers.nomy is terrible for a long time. unemployment is terrible for years. so why now are we seeing the slump? >> one of the big things is the fact that home buyer tax credit is gone. last year at this time, home sales were up. a lot of people were rushing out to buy homes because they could still take advantage of it. now they're down 3.8% in this month of may because of the fact that that's gone also confidence just as the longer this takes the longer we take to get a housing recovery back on track, the more likely it is that people are less likely to go out and buy a home and also access to credit is very difficult. so even though mortgage rates are low. >> you bring up an important point. we keep hearing this is a great time to buy because home prices are much lower and mortgage rates are as well. how difficult, though, is it right now to actually get a mortgage? >> it is incredibly difficult to get a mortgage. the banks learned the hard way. giving out mortgages to people who are not c

cbs news business and economics correspondent rebecca jarvis is here with the story.pact on workers and on business. >> absolutely. and everyone's looking at this case as setting a new precedent for the future. six women tried to sue the chain superstore for paying and promoting men more than women. and the case has been ten years in the making. it included roughly 1.5 million women. but the supreme court decided that the group was simply too large for a class action suit. it's the largest sex discrimination lawsuit in u.s. history. blocked yesterday by the united states supreme court. walmart was sued by betty dukes and five other female employees on behalf of 1.5 million other women across the country. >> i was very optimistic that the court perhaps would rule for us. but they did not. >> reporter: the women claimed walmart discriminated against female employees when it came to pay and promotion. through a class action lawsuit, they sought billions of dollars in damages. but in a unanimous decision, the supreme court threw out the case, ruling that the class was sim

. >> i'm rebecca jarvis. new york's empire state building was lit up in rainbow colors last night in honor of new york's historic vote, legalizing same-sex marriage. governor andrew cuomo signed the bill after four republicans joined one democrat to pass the bill where the gay rights movement was born, is the sixth and largest state to allow same-sex marriage. for more on that, cbs correspondent seth doane joins us in the studio. good morning. >> good morning. as the legislative session dragged on this week, many questioned whether the bill would ever even make it to the senate floor for a vote. the state's governor andrew cuomo who championshiped the bill, called it a complicated, difficult task. but in a marathon session, gay marriage in new york passed just after 10:00 last night. >> reporter: celebrating late into the night, thousands of gay marriage supporters poured into these manhattan streets near stone wall tavern where the gay rights movement was sparked following a police raid in 1969. >> means tha

alan mulally talking to rebecca jarvis talking about his company's ambitious plans for growth in theand how that could affect jobs. >> also arizona wildfire news. we'll have the latest on that situation. and as you can see in our series, the arab summer, we are going to look at egypt this morning. four months since the upheaval since president mubarak stepped down. upcoming presidential elections on the clear. what does it mean for the country and america's stake in egypt? we'll take a look and a controversial story about fish. turns out the fish you buy may not be what you think it is. >> hm. [ laughter ] >> definitely going to be watching for that one. >> guess so. >> okay. er car, we thank you. you start at 7:00 here in the bay area. >> we'll see you in just a few minutes. >> thanks, erika. >>> 6:53. we are going to update your top stories. plus even bears need a break. one woman's reaction when she came face to face with one just hanging out and swimming in the family spa. all coming up. navigating today's real estate market is complicated. you've seen the signs. that's why havin

. >>> and joining us now the news and business and economics correspondent rebecca jarvis. to see how thin he is, as encouraging it is to see him on stage there. it's speculation not with just his health but the status of the company. >> every time steve jobs takes the stage, everybody watches him, not only for what he says but also how he looks. there's a lot of speculation given yesterday's appearance about his health, yet, as far as apple is concerned, they've yet to come out and say anything about a strategy going forward without steve jobs. it's hard to think about or talk about because steve jobs the heart and soul of this company. what's interesting to know, however, is the stock price. if people thought yesterday steve jobs unfortunately isn't going to be around for a significantly longer time, you may have analysts say see the stock price get hit a lot more significantly than it was hit yesterday. >> it was hit yesterday? >> it was. this is something we have yet to see. any time apple makes a big announcement, the stock runs up in advance of the announcement. often

cbs news business and economics correspondent rebecca jarvis is here with more on the impact in the states debt problems. you see the pictures and think, rough for them but greece seems so far away and doesn't seem like there would be any impact, any economic impact. >> you do see the economic imfact and anyone with a 401(k), a pension fund or retirement savings is seeing the impact because of what's happening in the markets. yesterday the market reacted pretty negatively to images coming out of dprees and reminder of the impact debt can have or cuts to programs can have on a society and the issue that a number of companies here in the united states do business with europe and when there's problems in greece, there's problems with europe. that could mean american jobs lost in the future. >> so those are some of the greater impacts. what are some of the similarity, if any, between the situation in greece and the situation here in the u.s.? >> well, there are certainly those out there who say that we're in a worst position, excuse me, than greece is financially speaking because here in the u

. >> and we want to bring in our cbs news business and economics correspondent rebecca jarvis, who is thank you. this first question comes from facebook. it was submitted from suzanne thornton of texas. and she asks under a democratic president, clinton, we had a surplus. under a republican, bush, it disappeared and turned into a deficit. so why should we hand our country back over to republicans? governor haley, why don't you take this one? >> you know, i think what we first have to understand is both parties made a mistake. both parties did not handle the government responsibly the way they should. we have got to, and in reference to what the senator said, we do have to cut taxes. and south carolina, we have an economy where i have basically said, government was intended to secure the rights and freedoms of the people. it was never intended to be all things to all people. so what we did was we said this is going to hurt but we're going to get back to the basics and we're going to get strong again. and we're going to do it independently of the federal government. and a lot of that is

bob shiver, rebecca hill and jarvis here. >> important topics no doubt. how good was alex boyd?ance by singer/songwriter alex boyd. his debut cd "commit me" will be in stores later this year. singing "one day at a time" here is alex boyd. ♪ ♪ a summer evening in your warm embrace and no one else around for miles ♪ ♪ moonlight kisses fall upon your face and i think that we can make it if we try ♪ ♪ one day at a time i will love you ♪ ♪ i made up my mind i will stand up for you ♪ ♪ one day at a time is all i ask of you ♪ ♪ and like the morning we'll come through always ♪ ♪ whoa ♪ imagine some day you will see a child sharing my eyes and wearing your smile ♪ ♪ and even after we are old and gray we'll take a look around and see the life we found today ♪ ♪ one day at a time i will love you ♪ ♪ i made up my mind i will stand up for you ♪ ♪ one day at a time is all i ask of you ♪ ♪ and like the morning we'll come through always, always, always ♪ ♪ always, always, always ♪ always, always, always ♪ one day at a time i will love you ♪ ♪ i've made up my mind i will stand up for you ♪ ♪ one