melissa: right. >> at some point in this scenario, the justice department investigating sac, sac wasng giving the doj everything they want. >> absutely. >> at some point steve cohen said, enough is enough. two dayslater these grand jury subpoenas showed up. if something is going to happen i think it will be pretty soon. melissa: but it is hasn't happened before redemptions were due. >> no. melissa: charlie you made one of the points that is one of the points all along. >> i would say this the government would say the wheelsf justice turn slow. we're looking to turn a couple witnesses. two guys they indicted matthew martoma, michael steinberg. matthew martoma, former portfolio manager. steinberg, current portfolio manager. they would love tem to turn evidence. melissa: they would, and they haven't and isn't that interesting. what does that tell you? they put pressure on the guys who could go to jail a long time. >> decades. melissa: right. and wouldn't you think that if they could implicate someone gher up t food chain that theywould do that? they're sound much pressure. >> either the

sac capital is under fire as you know. charlie gasparino is next as steve cohen's hedge fund braces for these redemptions. melissa: let's get another look at the 10-year treasury as we head out to break. we were looking at 10-year treasury. with all the fed speak going on it is unchanged at 2.13. we'll be right back. everybody ht investment objectives, ideas, goals, appetite for risk. you can't all'. it doesn't. that's crazy. we'rell totally differe. ishares core. etf building blocks for your personalized porolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackck. call 1-800-ishares for a prospectus, which includes investment objectives, risks,harges and expenses. read and consider it carefully before investing. risk includepossible loss of principal. >> i'm jo ling kent with your fox business brief. glencore, strata and blackstone group reportedly potential suitors in rio tint toe's canadian iron ore business in canada. that is valued at $4 billion. >>> pandora's share

particularly a big client, sac capitol.teresting, they hired him with a promotion, managing director. i'll tell you, right now given the fact that the investigation into sac capitol is either going to happen with an indictment or some charges against the company or of the founder. he maintains his innocence. it won't happen, coming down to the wire. the statute of limitations. we have various opinions out there. a lot of people. it's probably going to happen. there would not have wasted this much time on it. i wrote a story about this that will be posted soon on foxbusiness.com. mayor rudy giuliani told me point-blank, former u.s. attorney. so he brought cases in the 1990's. he said if they had a case he thinks they will have brought it by now. and people are searching. this is kind of an interesting tea leaf. the big client. we should point out that sac is a client for wall street. it was the biggest client. a $15 billion hedge fund. a lot of money has been yanked out from investors following the charges or the potential c

sac capital lost close to $3 billion last broke as part of second quarter redemptions. that figure is in line with expectations but consult a blow for the hedge fund which is fighting to reassure investors that their money is still safe despite an ongoing and intensifying investigation of insider trading by the u.s. justice department. at the start of the year, sac managed about $15 billion in total assets, 6 billion of which came from external investors but amidst new charges against an s.e.c. worker of improper trading, investors asked for $1.7 billion back. now, they pushed that number to more than 5 billion in total in a sign of their waning confidence. sac and cohen have said consistently they have done nothing wrong but the efforts to clear their name has so far fallen short. federal prosecutors have not been persuaded to not pursue the probe. a high-level meeting with justice officials seems to have yielded no agreement to the point, tieier, where sac announce it had was no longer cooperating unconditionally with the government. >> kate, thank you very much. >> s

sac has a notice saying we're-under-par fire; right?that out saying when they are no longer imoing to unconditionally cooperate. then that starts the investor panic. in a sense, it's interesting that those subpoenas came out with a time, i don't know, looks suspicious; right? just as investors had to make up the mind about redeeming shares. in a sense, if they don't charge him, you can make the case that the government helped put him out of business. now, you can make the other case is that he goo put out of business based on the suspicion that he's a bad guy. >> well, this goes back to -- >> the suspicion, the suspicion. it's scary. >> ray donovan, the secretary of labor, was cleared, and excuse me, sir, which office do i go to to get my resignation. >> what's scary. they are about to nail him, they have everything, i don't know, i'm not in the room, and, by the way, i heard from the government sources that a lot of this stuff you read in the papers turns out not to be totally accurate on this thing. liz: what a surprise. >> i'm fighti

sac is paying sard a ton of money to help them.here has to be some sort of synergy here, putting it mildly. a lot of people would think there would be information sharing. i think george sard is smart enough not to put her in the cross-hairs. i would think she, there is no prohibition, usually when you go from congress to a law firm, i think, or the, securities & exchange commission to a law firm there is some sort of window where you can't work on directly-related cases. i don't know if there is anything legally involved in pr people but, you know, she is on the confidentiality on some of this stuff. but still -- lori: still, steve cohen must have been one charming guy to get her to leave the job. >> george told me, steve cohen doesn't know about next does it raise an ethical question? for instance when an employee of the fcc went to work for a telecommunications giant after they got favorable ruling is there that kind of question being raised? >> i think it does -- we should also raise the question as you and i were talking this

these cases for what happens to sac.nvestment management arm which often deals with more conservative minded clients and may not be possible, may see a mix of redemptions and some capital staying intact. >> shares of drug maker affomax, after it was announced they received a termination letter from the nasdaq recommended it be delisted. at halftime on friday, he recommends it as a final trade and john, welcome back. >> great to be with you. >> something -- likewise, something tells me you would like to have this one back? >> sure, absolutely. when you see unusual activity, it could perk late for a whole bunch of reasons, this one just given what you said and what they released after the bell on friday was that of the nasdaq was making that determination and ultimately now will delist shares as of tomorrow. and all of that buying out there -- a normal day's activity is about 1,000 call options. this one had 70,000 option turnover on friday. so again, there's no complete 100%, this is a sure thing, instead, this one was pr

>> we have miss sacs coming. welcome. >> good afternoon again. one thing i have been working on the five year plan since it started. i was appointed in 93 to c a c. you have to remember is that the property that was passed in 1989 there were things that were done, things that have been done that were grandfathered in prop k passed by the voters years later and a couple years you have to go before the voters again to extend prop k. i suggest what mta wants to dorks they -- do, they have to see what's been done before anything else can be done. thank you very much. >> thank you. any member of the public would like to comment? no public comment. colleagues? motion passes. >> item 11. item 11:appropriate $240,432 in prop k funds for environmental analysis and advanced conceptual engineering and allocate $1,311,847 in prop k funds, with conditions, to the san francisco municipal transportation agency for preliminary engineering for the van ness avenue bus rapid transit project, subject to the attached cash flow distribution schedules, and amend the re

we will explain, and a check on how km-- >> this is deadline day for hedge fund firm sac capital. the top managers and owner are under charges of insider trading. >> well, sac capital is not alone in being in the crosshairs of federal investigators the irs in trouble over execucriticisms wasting millions dollars on lavish conferences. we have more. you know, jon, you cannot makeu. how do these new developments and those videos of irs employees doing line dancing change the direction of this investigation? >> doesn't change it in a substantive way, but the fact that you now have pictures that people can associate as goofy for government officials is something that will fuel the critics and have images that they did not have before when we were just talking about a cincinnati office. >> that would be the electric slide right there, i believe, that they are doing and not particularly well. but what happened today at the house hearing on the irs this afternoon, jon? >> this came up, tyler, you had danny werfel who is the interim irs commissioner, once you are beyond shulman and miller

my name is jackie sacs. i'm the member of the advisory committee. when you were in mexico, regarding the bike plan, did it coordinate with the buses? did they have ada compliant buses with the wheelchair lifts? did you see any conflicts because it's a major issue here in san francisco. that's what i wanted to bring up. >> thank you. we did see on the metro bus system that they had access for wheelchairs and wheelchairs strapped in and they have ramps that you were able to get on the metro bus system. there is a long way to bring harmony on the streets between mexico city and cars and bikes. there is a major route set up for buses and cars in the city. bike are hard pressed to the safe. we were riding a lot and we felt we were putting our life's in our hands. there is a long way to go. cars and buses have the right away and everyone else has to look out for their lives. >> thank you very much. >> okay. going on to our next item. >> the clerk: item no. 4. directors report. >> i will be very brief. you have the executive director report at your desk. i

sac reportedly remains open to investors. wells fargo is settling a discrimination suit with housing agencies across the nation. the national fair housing alliance and 13 of its members will get $27 million to settle the complaint. it alleges the bank favored white neighborhoods during bank-owned foreclosures. wells fargo will also pay over $11 million to the u.s. department of housing and urban development. it's a tough week for chrysler. the national highway traffic safety administration wants chrysler to recall nearly 3 million older jeep models because of a higher rate of fires in rear-end crashes. chrysler is fighting it, saying the cars meet safety standards. "their concern is that the recall goes beyond what would normally be expected of auto companies. they're saying if this recall stands, they could be subject to a variety of recalls for which they're really not at fault." that was alan baum of baum and associates, who adds fighting the government could bring negative attention to chrysler and other car makers. chrys

on any sac business, not joining until september, up leaves the u.s.s office said the end of this month, but i'm telling you. liz: how much do you want to bet she is leaving today. there will not let her continue to state. >> reporter: we contacted her. no comment. she did tell my assistant, my producer that she is recusing herself from any sac matter. i'm just telling you this, there is no such thing as a complete recusal. why is the higher heart? he runs not one of these firms that pitches stories on new products or something amorphous. he is a crisis communications firm. so you go to him so he can help his clients which by the way, namely a lot of hedge funds and financial players dealing with crises. that is why they're bringing in there. i think george and allen because i know both of them, smart enough to navigate this thing. a lot of gray area. what they can and cannot do. obviously she knows she has confidentiality. you cannot be talking about investigations unless you roll the dice with something. but that is why you bring to there. her expert

and some have chosen that family office because they don't want to register with the sac.>> if you redeem your money today, david, you'll get equal portions of it back so you're fully out by the end of the year. that's an important thing to note. the reason they can note 1.6 billion still has the same today. a small portion of that went out and apparently new money was put in by insiders, i think, primarily. yes, it will be a gradual thing, but at the end of the year if they lose a lot of money today added to the first quarter losses and they're not able to refresh that with additional external investors and they could be looking much in the office even if they're not classified as much. >> kate kelly back at headquarters watching that story. when we come back, house majority whip kevin mccarthy on everything from the economy to tax reform to the fiscal budget and we're definitely watching gold. what is the next key psychological traders are watching at above 1800? we'll check the charts after a break. wanted to do when he retires -- keep working, but for himself. so as hi

how much is all that driving the latest scandals at places like sac capital? the author gives us the juicy details. >>> plus who made money today? investors gulping down profits from one energy drink company. stay tuned for the afternoon pick me up. even when they say it's not, it is always about money >> agents and agencies of the federal government do not understand that they are servants of the people. they think they are our maers and they are mistaken. i'm not interested in scoring political points. i want to protect and preserve the america that i grew up in. the america that people cross oceans and risk their lives to become a part of. and i'm terrified it is slipping away. melissa: wow! the consvative targets of the irs finally get theiray in front of congress. emotionally-charged testimony. laid out allegation of how the agency obstructed and intimidated organizations that were just seeking tax-exempt status t was legal the stunning details, making the scandal even more chilling. how much worse can this possibly get? joining us now fox business's char

sweating at sac.parino is up next as the troubled hedge fund tallies up investor redemptions. lori: what is going on with interest rates today? here is a check of the 10-year, holding at levels for about a week or so at 2.12%. and out the curve, longer dated maturities, 30-year is yielding 3.28%. we're back after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> i'm cheryl casone with your fox business brief. the state of new york is huing hsbc accusing the banking giant of ignoring state laws that helped financially strapped homeowners negotiate better mortgage terms and stay in their homes. new york attorney general eric schneiderman announced the suit at a press conference in buffalo. an hsbc spokesman says the bank doesn't comment on on going litigation. >>>

and now get to sac which of course today is the date. >> redemption date.nging investigation. people are still seeking jobs at this company. in terms of crazy stories -- listen, if you watch fox business you are way ahead of the story. both on foxbusiness.com, on the air, sac is making preparations to turn itself into a family office. it will just manage the money of steve cohen. all the money that is not. that would be roughly $5 billion that could exit that fund based on the redemption schedule over the next year. we do know as up today, the redemption date. the likelihood is that we will get a number. i don't want to say in number, but it will be pretty close to that 5 billion. staying in this one is like rolling the dice. the fed comes in and close it. who knows. what happens to it? a friend of steve cohen. he is staying in to the end. these are people that believe in steve cohen. we will tell you this, that based on what i am hearing in terms of masturbation's it doesn't sound good. getting a grand jury subpoena, head of compliance getting a grand jury

more money flowing from steven cohen's sac capital. jim stewart wrote a terrific piece about this. they both join us now, welcome to both of you. >> i'm going start with you. you did pen a terrific piece. tell me how you think it's all going to play out. >> there is no question if you look at this through the lens of gains theory, the rational choice would be to cooperate. unfortunately the real world is not a world of peer gain theory, so there are a lot of other factors and people can change the incentives to cooperate or not. and in theory, the people can't talk to each other and we can assume that through their lawyers are somehow some kind of communication. . there is. prosecutors there is a lot of pressure on these other people to cooperate with the government. >> i am surprised that they haven't caved yet. >> that's true. >> the deeper i got into this research, the more obvious it seemed to me that this guy ought to be cooperated if he can. he faces decades in jail because of the magnitude of the dollar of damages here and he could maybe get something as low as probation if

outside investors who started the year with $6 billion in sac pulled 1.6 million.a potential cohen indictment amid the arrest of another sac trader and a rash of grand jury subpoenas. outside investors were expected to pull a substantial amount and outside assets that remained. of course, that still leaves cohen's 9 billion or so in internal money which still could provide the basis of a balanced hedge fund or sac office and that possibility can certainly exist. key sac clients whose moves we are watching today include morgan stanley, hsbc and blackstone group and all of whom stayed after the tumultuous first quarter. those companies were widely expected to pull some, i'll be back to you guys as soon as we have more on the numbers which will be forthcoming in the next few hours. >> in terms of the timeline for the potential charges being brought, and that is ticking down as well, isn't it? >> it is, david. there are two sets of deadlines that our viewers may want to keep in mind. one is late july, that's essentially the statute of limitations which is the five-year

another on a sac fly. to the 6th inning we go, a man on for bj upton who was definitely up and away today. his second homer of the game makes it 5-4. bottom of the 9th giants up by 1. sergio romo facing justin upton. where is this pitch? home plate umpire says it's inside. romo can't believe it, walks in the tieing run. next batter is freddie freeman and he's going to free everyone. singles to right. the bases are clear at that point because the winning run comes in. 6-5 final. giants are definitely unhappy tonight. moving day for merion. tiger woods started the day four back. chings his chip on fifth. he would bogey, nine over par on three rounds. not the tiger we know. what about michael tim, the amateur from cal. off the flag, kim is leading all amateurs at 4 over pass right now. former masters champion by the way. charles shartsle knocks in a birdie. sits at even par. hunter mayhan, get in there, finds the back of the cup, mayhan with a 69. one bag headed into sunday. who has the lead? phil mickelson.

one of your investments is sac. are you worried about that. >> well, i can't comment on sac because we have an investment and it's in the news all the time, so that one is not for global television. >> rose: you can't say whether you're concerned or not about what might happen. >> that one's still not concerned for me to talk about on global television. i can't really address that. >> rose: when you look at hedge funds versus private equity what's the better revenue generator for you. >> private equity's a bigger business. we are the largest investors in the world in hedge funds. and that's a different type of business involving for the most part very liquid securities and using what is called hedging so you're not just, you know, long and believing in investment, you can be long and believing in some investments and you can be pessimistic on other ones and short them. the rates of return on private equity tend to be much higher. and the reason is that you have control of businesses or control of real estate. you ca

pitch - blanca ---el animal sac su instinto salvaje y mordi al pequeÑo en la cabeza quitandole la vida---jaime peluffo nos trae el informe.. adelante jaime te escuchamos.. take pkg ;01 0:14 0:30 0:41 1:09 1:43 una entrega de flores muestra el luto que se vive en esta casa sobre la calle elizabeth way en union city.. el pequeÑo nephi selu de 6 aÑos muri ayer en la tarde despus de que el perro pitbul de la casa lo mordiera en la cabeza. s.o.t. ace chong/amigo de la familia 23:06:22 oh yeah, i always seen them, they are always playing outside. este vecino dice que conoca al menor y que siempre lo vea a l y otros niÑos jugando frente a la casa. s.o.t. ben horner/comandante, poicía de union city 6:54:09 we do know that the children, as kids do, engaged in horse play with the dog, sometimes riding it, it is a large dog. el comandante de la polica dijo que saben que los niÑos juegan al caballito con el perro, y lo montan porque es un perro grande, y desconoce porque el animal reaccion asi en esta ocasin.. agreg que no tienen indicios de que haya habido un patrn de agresividad, y que la famili

. >>> breaking news on sac capital.s about redemptions -- in other words, investors pulling money out because of an ongoing legal investigation, s.e.c. performance has continued to be somewhat lackluster through the end of may. numbers just out this week show the fund was up 70 basis points for the month of may, that leaves it up 6% year to date. of course they're comfortably in the black with 6% but they're way behind the s&p to far this year which is probably something of a fair comp for a fund that primarily deals in stocks on both the long and short side. you can see compared to their peers, they're closer to the average mix than they normally are. historical historically sac has been right there in the market. they also sustained losses in 2008 alongside the market. but it is an interesting issue because either they're not having the trading luck that they normally have or you can maybe guess that there are some distractions or some concerns going on internally as these legal situations continue to deepen in terms

the new spray which i am excited to try, and he sold at sacs on fifth avenue, on k., bigalow in new york. >> just launched in australia. we just launched in south korea. we just launched in russia aand kazakhstan. >> he has really chosen a path. it is incredibly admirable what he has managed to achieve in such a short period of time to see how driven and motivated he is. >> clark's botanicals is really a reflection of fran chess co-. the brand is him. the fact he did it all using an injury as the catalyst, i am incredibly proud of what he has achieved. >> up next, a risky trip to china pays off. >> when i came out of surgery, my sister said what are you doing? i said i think i can feel my ribs. >> still ahead, entrepreneur dan agoglia engineers an economic boom in one of kenya's poorest regions. for 40 cents, i got an egg. i got gum. a kazoo. a candy necklace. i got one of these. helium. fabric softener. [ pop ] lipstick. two pills a day is what it takes to stay alive if you're h.i.v.-positive. those pills cost about 40 cents a day. ...and we inspected his brakes for free. -free is good.

in an memo dated money, management says sac has no plan toes become a family offer.hat signaled at least they would pull some of them money. >>> procter & gamble is reallien its brands. starting in july, the company will split its house old care and bloom efforts into four sectors. global baby care, global fabric and home care lights it's to replace the ceo when he steps down in a few years. p&g stock up 0.25% in frankfurt. >>> still to come, the gort. >> what dethey're wait to the up skooid. a lot bit more vapser outpatient decliners. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yike

. >> our cul-de-sac was not too bad, went out for a cigarettes came back and there was a river going down our road. >> many are under mandatory evacuation orders. major transports have stopped running. >> as tragic as it is to see the streets of so many communities empty of people and full of water and to think of the thousands who have been displaced, it's incredible how we come together in times like this >> the heaviest rainfall should be over by saturday, giving everyone a chance to assess the damage and move in for the cleanup. >> soldiers are helping to evacuate tens of thousands from flooded areas in northern india. many of them are pilgrims. a rescue operation is underway for thousands more trapped by heavy monsoon rains. we have a report from where nearly 600 people have died. >> he's beginning to lose hope he'll ever see his parents alive. >> i last spoke to my parents on the 17th of june. since them, there's no world from them. only four have been found. >> he traveled over 1,000 kilometers to find his family. like the hundreds of others gathered here at the region's only

charges a standard quarterly period showed that nearly $3 billion in investor money was taken out of sac, which was in-line with expectations, as the justice department investigates the fund and its founder. >>> no one seems to be pulling out of mcdonalds these days. the world's biggest hamburger chain reported same store sales rose in may. it's late night breakfast offerings. including a new and healthier egg white sandwich. shares of dow component mcdonald's up more than 1% today. >>> another member of the dow is 3m, which you may know for its post-it notes, packing tape and other household items. 3 m does more than that, spending billions on research and development on new products. >>> michelle caruso cabrera has more on 3 m's products. >> fiber that keeps you warm even in a huge freezer. liquid that looks and acts like water but doesn't hurt electronics. evaporates instantly and puts out fires. 3m, is the center of innovation. even though it's 110 years old, and a long way from silicon valley. for the company, the struggle is always the same, making sure new inventions in the lab, t

tom is the cochair of our sac and he'll give you background on the programs that were issued in the rsp. >> hello supervisors, tom tim prono, one the cochairs with the cac to speak with you today. it's an honor to serve and it's my third year and i'm excited about the two proposals we have before you. i like to give you context on the rsp and their need. i'll start with the school's site coordinator program. it was born by the principal of betsy core michael. he came to us to let us know that he seen, you know, a consistent -- he's pretty, i believe new to the position and seen a consistent flow of families of students at the school coming to him looking for either direct services or looking for place -- looking for resources and for those folks would are familiar with betsy carmichael, it's a model in being a piller in the part of market community. he came to us with the interest to establishing betsy carmichael as a community city similar to the school where the families of the school and the neighborhood could hopefully at some point access services at the school itself and solidify

two quick strikes on trumbo, who has a sac fly, 0 for 2, 43 rbis on the season, top ten total in the >> tim: harvard business school would be proud of the cardinals for money management. >> joe: that's right. here's the 0-2. and somehow ross failed to get a glove on that pitch, went over his head. 1-2. >> tim: home plate umpire marvin hudson sz glad he was ducked down behind the catcher ross. >> joe: so trumbo gets bo back in. in the top of the eighth, he watches that one miss the strike zone. it's 2 h-2-2. breslow has retired all three hitters he's faced. fly ball into right. nava back a few. and we go into the bottom of the eighth. breslow's done his job. so have the red sox hitters. they lead it 7-2 after 7 1/2. ♪ [ male announcer ] start with an all new award winning car. good. now find the most hard core driver in america. that guy, put him in it. what's this? [ male announcer ] tell him he's about to find out. you're about to find out. [ male announcer ] test it. highlight the european chassis, 6 speed manual, dual exhaust, wide stance, clean lines, have him floor it, spin it,

that have had third story additions, which only is about 2%, each of them have been, a, on a cul-de-sac, or on a street that they had no homes on the other side. ~ or a street of the home facing into the hillside is on a rearview plan. the owner of the 84 city view house [speaker not understood]. in a letter my husband and i received from the architect in response to some of the concerns we have of the project, the architect stated, and i quote, this is a city and we all live by the same rules and share the same rights. it is an unfortunate reality of city life one person's rights are incompatible with the continued enjoyment of another's fortune. my question is to the planning commission, do the neighbors of midtown terrace surrounding the city way project not have the same rights, to enjoy the natural light based on privacy [speaker not understood]? thank you very much. >>> good evening, commissioners. i am submitting this statement in regards to the proposed third story addition to 84 cityview way. i live at 204 panorama which is immediately down from the hill of the proposed site. m

sac thought it had alreadily settled the matter with a commission settlement but federal prosecutors who may press forward with criminal charges obviously think differently. >> if they have to sell to meet these redemptions, that could put some pressure. >> the months are particularly out of date for them. they are known for rapid trading both short and long positions. they have been a little bit more liquid. ever since then i am told they kept a little more cash. >> the restaurant chain reporting better than expected third quarter profits in revenue. it raise its yearly forecast and increased the quarterly dividend by 50%. stock is up 47 cents since the beginning of the year. and the battle for clear wire are heating up. sprint nextel attacking saying it violates agreements and contains illegal provisions. dish network is traded off 1% on the session. >> thank you very much. >> long time senator, a new jersey democrat and a very successful businessman, by the way, died at the age of 89. he was called out of retirement for a second tour of duty in the senate and announced recently he

. >> our cul-de-sac had a little bit of water in it, but not too bad. and then i went for a cigarette, came back out of the garage, and we had a river going down our road in, like, a matter of ten minutes. >> reporter: caught between two overflowing rivers, calgary's city center suffered some of the worst damage. at saddledome arena, home to n.h.l.'s calgary flames, water reached the tenth row. 30,000 residents remain without power. >> standing on a bridge in the dark when the power is out listening to the roar of the river is terrifying. >> reporter: in calgary, the oil capital of canada, business as usual is not likely to resume for weeks or even months. andrea lucia, cbs news, new york. >> axelrod: for the second time, state police in massachusetts searched the home of new england patriots' tight end aaron hernandez today. they're investigating hernandez for a possible connection to the killing of a semipro football player whose bullet-ridden body was found nearby. the two men were apparently friends. the trial of george zimmerman starts monday, the

as i was moving down the cul-de-sac. flames from the area came from a 1/3 of the car. >> reporter: that fire similar to the one that broke out on the golden gate bridge. and afterward, they went on to celebrate elane's birthday. >> no limo for me ever. >> reporter: they went by private car on to the party leaving behind handbags, even birthday cards scorched by the fire. everyone marveling at their luck. walnut creek police plan to follow up and they've also alerted the chp about this close call. reporting live in rosmore, deborah villalon, ktvu news. >>> today's fire comes a little more than a month after that deadly limo fire that claimed the lives of five women. that fire broke out on may 4th on the san mateo bridge. the driver of the lincoln town car limo was able to pull over and he and four other women managed to escape. the five women who died were trapped inside that burning car. the highway patrol has not yet finished their investigation into that accident. >>> police in pleasanton are investigating deadly accid