the buses here from input, from our operators, transit workers union local 258. the san francisco transit riders union. the mta advisory committee. a lot of folks working together, our fleet engineers, mechanics, supervisors, operators, most of whom are under the leadership of john who has been the driving force of getting these here. the one person who was so excited about this is our mayor. he kept saying when are we going to get to ride those buses? i'm happy to say this day is here. i would like to introduce you're san francisco mayor,ed lee. [ applause ] >> thank you. some of them have arrived and all of them will arrive by july. i want to thank the commission and ed riis skin and the staff for investing properly. this is what we talked about for a number of years. when you realize that many of the buses that we have are over 13 years old in the city and you realize on how not only how run down they are but we keep replacing the parts over again. we have learned the lessons of fuel economy, of ergonomics and designs and free coating on there and material that won't absorb the moisture that

transit 1800 drivers, mechanics and staff threatening a strike this wednesday morning. she's one of the 181,000 daily riders taking the fwous a security job in san francisco. the unioners walked into ac transit head quarters to hand commissioners their are formal strike notices. local president says the notice would have gone out if workers walked out. >> we'll continue to try to bargain a contract. through the evening and into next two days. but want ac transit to know theer that we're serious about getting a fair contract for members. >> she says there are safety issues including meals have to be worked out. >> it's has not been part of the negotiation pros ses at this point. >> clarence johnson says the real sticking points are wages and health and welfare benefits saying they're only 1% apart but the union contributes nothing towards health benefits. >> apparently we're asking them to pay 10% like all other employees do. and there are several proposal that's would get them to that 10% figure over three years. >> williams says the union drew a line in the sand to strike there is wiggle room without a strike it would have to be significant progress with number of

union members must still ratify the contract. a.c. transit serves 181,000 riders in the east bay and into san francisco a day. >>> happening today -- in fact, in a couple of hours, a critical hearing in the b.a.r.t. labor dispute will begin. b.a.r.t. management and labor union leaders will present their cases to a special board of inquiry in a public hearing. the hearing will take place at the state office in downtown oakland. both sides will talk about the issues and how a b.a.r.t. strike or a lockout would affect the public. the board will report to the governor by the end of the week, and governor brown could then consider calling for a 60- day cooling off period to keep the trains rolling. this morning's hearing starts at 10:30. it's open to the public. as we said, it will be held in the state office building at 1515 clay street in downtown oakland. ktvu will stream the hearing live on our channel 2 website, ktvu.com. >>> more than four years later, more people working for b.a.r.t. may be blamed for the oscar grant shooting. johannes mehserle went to prison for almost a year for the involuntary manslaughter of oscar grant both new

union has given a-c transit a 72 hour strike notice. if the strike goes into effect, 181-thousand riders traveling in the east bay, san francisco and the ll be affected each day. amalgamated transit union local192 represents over 16- hundred mechanics and bus operators. they threatened to go on strike back on july 1st but put the idea on the back burner as they continued to negotiate. a rep from the union says the current threat of a work stoppage shows us how tough the negotiations have been. it is not only bart that's dealing with a possible strike. as of 12-01 wednesday morning, a-c transit buses may come to a halt. the president of the union walked into the board of director's meeting today. and handed them 72 hour strike notice. while mediators continue to Ñáçwçñ that several airline traffic recovers from delays due to a computer outage street for the system was our online booking and check and carried it started at about 840, and it was restored ito to the three flights in the air weren't affected. taft >>jacqueline: >>james: note we will take a quick break and be back with a full report >>james: we are back. watching a hurricane

transit riders can breathe easy. a san francisco judge ordered a 60-day cooling off period for talks between b.a.r.t. management and its unions. the decision was made over the weekend and will keep b.a.r.t. services running until at least october. >>> and if you look to the skies early this morning, you may have seen a perseid meteor shower. >> the owner of a 5.16 carat diamond about the size of i skwlil bean, the 12-year-old was search for less than ten minutes before he found the brown diamond. it's the 27th largest diamond ever found in that park. definitely struck it rich there. >>> turning now to some business news with rumors swirling over the next iphone, an announcement is expected september 10th. "consumer reports" say it will have a fingerprint sensor embedded in its home button. >>> stocks posting the worst week since june. the dow dropped 1.5%. >>> prices to fall, the average price of a regular gallon of gas dropped about 8 cents in the last two weeks to $3.60. >>> intense would be an understatement for this conference call between aol ceo tim armstrong and about 1,000 employees from the local news site patch. her

union members still need to ratify the contract. a.c. transit serves 181,000 riders a day in the east bay and san francisco. >>> an amber alert remains in effect for two san diego children and their kidnapper. authorities believe james lee dimaggio may be on his way to canada or texas with hannah anderson and possibly her brother ethan anderson. the mother's body was found with an unidentified child. family believe that is ethan anderson but authorities say they are still looking for two children. >> there is a possibility that the child's remains that were found in the burned out home is that of ethan anderson. but we don't know. we haven't been able to make a positive i'd at this point. >> family and friends held a vigil for the missing children. james lee dimaggio was a family friend but cheesepressessed concerns about -- she expressed concerns about his behavior. he is driving 2013 blue nissan versa 4-door car, california license plate number 6wcu986. >>> ariel castro's prison in cleveland, ohio is now a pile of rubble. crews tore the home down today with help of michelle knight and her mom. she was locked in that home with two othe

transit riders can breathe a little easier. a san francisco judge ordering a 60-day cooling off period for talks between b.a.r.t. management and its unions. that decision was made over the weekend. it keeps b.a.r.t. running until at least october. >>> if you looked to the skies early this morning you may have seen the perseid meteor shower. close to 100 meteors are blazing through the sky each and every hour. >>> and a boy on vacation is now the owner of a 5.16 carat diamond. it's about the size of a jelly bean. the 12-year-old was searching in arkansas'rater of diamonds state park. it took less than ten minutes to find that brown diamond. it's the 27th largest ever found in the park. no word on exactly how much the gem is worth but some reports put the value in the thousands. >>> better news at the pump for you over supplies causing prices to fall. the average price for a regular gallon of gas falling about 8 cents in the past two weeks to $3.60. so for more on business now, we turn to cnbc's seema mody. good morning. >> richard, the market comes off a down week with the dow snapping a six-week winning streak. investors will get data on