the general manager of the race, tim mayer will be on hands for the event talking about ticket sales, sponsorship and market initiatives. ray and washington dc native, mimmer, will be on hand to discuss the race. the city terminated previous contracts with two other race organizers, baltimore racing development, which failed to pay $1.5 million owed to the city and down force racing which missed deadlines for the event. the news conference will be held at the sports legends museum in baltimore, starts at 11:45. the race will be held on labor day weekend. sherrie johnson, abc2 news. >>> heart breaking story. coming out of chicago. 62-year-old father of 12, was trying to safe up money to buy a suit for his son's wedding. he was beaten to death. according to family , the crime was posted on line. >> they punched him in the face. they punched him. he fell unconscious on the ground. when he fell on the ground, his head bounced off of the ground. >> his father was left for dead until a passer by found him hours later bleeding and unconscious, he died at the hospital. authorities have arrest

. >> reporter: grand prix general manager tim mayer says last year's race caused a number of problems for businesses and traffic. so this year they're doing things a bit differently. construction will start in the evening. instead of ending the race at 9:00 p.m. the race will end at 6:30 p.m. >> that's right around dinner so we're hoping that will have a positive impact on our business. >> everything is on schedule. we're quite happy with the way things are going. >> reporter: the grand prix will feature a number of problems with joseph newgarden which says the race in baltimore is very difficult. >> that's pretty fast. >> reporter: the 2-mile race will take drivers through 12 tight turns past the inner harbor and through the narrow treatsover little italy. >> that's pretty difficult trying to watch us do that from such a close distance. you didn't get any closer at any other event. >> reporter: the race will go on from august 21st to september 2nd 2. >> one of these days we're going to have to go on that course. >> i think this is the year we have to get you in one of those cars, rig

long string of leaders from jerry yang to terry semel, carol bartz naming a few, tim morris and scott thompson. marissa mayer becomes the latest ceo. and everyone really hopes that this one will stick. she has brought excitement to the company and she hasn't even shown up for work yet. mayer comes to yahoo! from google where she was employee number 20, the first woman engineer hired at google and has been the face of that company as well. mayer is more than a face. she is a talented engineer, talented leader who is hoped will re-energize yahoo!. mayer comes after the dismissal of scott thompson who as you well remember, said he had a computer science degree, he did not and he left as ceo. mayer definitely has the computer science degree from stanford. she's not the first woman ceo of yahoo! not even with a computer science degree at yahoo!. carol bartz seen in this picture with marissa mayer and the president when he came recently was the previous ceo of yahoo! who is also a woman and engineer. again, good excitement here that people think that this is going to stick and is something that's going to help yah

neither ceo marissa mayer nor former interim ceo ross levenson joined the conference call. instead, another former interim ceo, tim morris, took charge, reporting that yahoo! made more money than expected, but that mayer will have plenty of challenges ahead. >>> here's a strange one for you, a double-secret ipo. you recall recent changes to financial laws dubbed the jobs act allow company to radically change the way they file for initial public offerings. they don't have to file all the public paperwork they used to. well, reuters reports workday in pleasanton has filed for one of these ipos, a secret ipo. normally this is thing we'd confirm by checking the s.e.c.'s database, but the laws have changed. a pessimistic head of the fed actually helped markets tuesday. bertha coombs takes a look at that. good morning, bertha. >> good morning, scott. yeah, ben bernanke kind of took us away and then he gave us back to the markets. this morning, the futures are looking at a lower start ahead of the open. bernanke will be back on capitol hill on the house side. yesterday, stocks ended up posting decent gains. we did have s

tim cook. but for right now he's just transitioning to running the business his way. >> susie: lfrt. joe mayer at motley fool. before you go, any disclosures to make on the stock you mentioned? >> i do own google. >> susie: thanks, joe. >> thanks. >> tom: 0.2% growth is not a number usually greeted with glee, but when you are talking about housing, it is a great number. real estate tracking firm zillow reports home prices nationwide rose 0.2% in the second quarter to an average of $149,300. this is the first year-over-year increase in five years. and as darren gersh reports, it is now pretty clear the housing market has finally hit bottom. >> reporter: on wall street, they say no one rings a bell when a market hits bottom. well, the housing market now looks like an exception to that rule. >> the bottom has officially arrived, we believe. >> reporter: yes, you heard that right. >> we're done. the crash is over. housing is improving. >> reporter: economic historians will debate whether the housing market bottomed at the end of last year or in the spring of this year. but one thing most analysts