toyota saying it will move its headquarters from torrance to plano, texas. this mean for torrance's economy, including the thousands of lost jobs? joining us first on cnbc from los angeles is the mayor of torrance, california, frank scotto. mayor, welcome. nice to have you here. appreciate it very much. >> thank you. >> i've lived if redondo beach, manhattan beach, spent a lot of time in torrance. it's a great town. i wonder whether you are angry with the state of california for not helping you out a bit in coming up with incentives to try to keep toy -- >> more disappointed in the fact there's so much issues with this move. the city of toran is very compliesed of all the years they were in the city, and all the different things they have done, but making this move down and the fact that we have very little to do or say about keeping them here is disappointing. >> what does it say about the tax structure in the state of california and for that matter, i mean, we're talking about companies moving overseas, planting the flag in european countries to avoid payi

incentives neither torrance nor california could match that offer. >> we hope everybody understands torranceas done everything we can to keep them here. and reports say he toyota will invest $300 million in its new facility the governor made two trips to california last year, hoping to recruit businesses to the state. >> a manufacturing plant in los angeles is the first in the united states to make fully electric buses that can run 24 hours on a single charge. the governor is hundreds toured the factory today. steel chassises will be imported. it means they're emissions free and claims chemical commission is 100% disposable. about double the cost of gas buses the governor says benefits are worth it. >> only way is to shift with electric vehicles >> now, stanford university uses the electric buses that were made in china. >> there is more still to come at 6:00. another big tornado strikes the south. where this hit and a huge path of destruction left by others like it. >> a prepaid hot air balloon ride grounded for a year. with a it took to get it off the ground ahead on 7 on your side >> and

incentives neither torrance nor california could match that offer. >> we hope everybody understands torranceas done everything we can to keep them here. and ports say he toyota will invest $300 million in its new facility the governor made two trips to california last year, hoping to recruit businesses to the state. >> a manufacturing plant in los angeles is the first in the united states to make fully electric buses that can run 24 hours on a single charge. the governor is hundreds toured the factory today. steel chassises will be imported. it means they're emissions free and claims chemical commission is 100% disposable. about double the cost of gas buses the governor says benefits are worth it. >> only way is to shift with electric vehicles >> now, stanford university uses the electric buses that were made in china. >> there is more still to come at 6:00. another big tornado strikes the south. where this hit and a huge path of destruction left by others like it. >> a prepaid hot air balloon ride grounded for a year. with a it took to get it off the ground ahead on 7 on your side >> and co

. >> pam: toyota first opened their so-cal headquarters in torrance back in 19-82. they will begin moving out of the city in 20-17. toyota-california toyota moving us base from california to texas torrance, calif. - after more than a half-century in southern california, toyota is moving its u.s. headquarters to texas. the japanese automaker said monday it would begin the move out of torrance starting in 2017. mayor frank scotto said at a press conference that he's "saddened" by the decision, adding that officials did everything it could to keep the car giant in the city. scotto says he'll aggressively pursue another company to take over the state-wide. the graduation rate last school year rose to 80 percent.the fourth straight year it has increased. closer to home. the bay area county with the highest graduation rate was marin.at over 91 percent. the lowest graduation rate locally.san francisco county.at just over 55 percent. however.when you look just at san francisco *unified school district.that percent. we've posted the complete bay area list.county by county.is

the headquarters is in torrance in southern california. but toyota says it will break ground on its new headquarters in texas later on this year. they will offer relocation packages to the 1,000 employees who work at the headquarters in torrance. toyota has been headquartered there for 30 years. the governor of texas made two visits to california trying to convince companies here to move to his state. >>> new information tonightoon deadly crash over -- tonight on a deadly crash. police identified the two people killed. the chp believes alcohol and speed played a role in the crash. they think he was speeding when her car hit a tree, launched into the air and hit another tree. she went off highway 101. >>> detectives searching for a suspect after a man was shot to death in a driveway. police found him outside a home. they airlifted him to a hospital where he died last night. he was 32 years old. so far his name hasn't been released. now they are interviewing people in hopes of figuring out a motive and finding a suspect. >>> new information

and that you have been a tad slow ship with torrance going to be a problem buying kosher products as well. he then sold to push him once in a cruel to students at the european change prominent member of this country. jokes but the renaissance of them once in a quaint huge light which tourists can enjoy side by side with the ancient jewish history of the country one day ago had a really rich history. today's them and that now. weeks. a few words from europe and says parliament. we going to have i knew all. as dudley said his community montenegro resistant ago. and that causes center. so it's going to be amazing move every beaks that far. the juice tourism in montenegro. its appeal to the police to pt state ticket to the ministry of sports and tourism to school and is one of them was fascinating places in europe to trace the one that isn't cute jewish history owl at the i ask he still is sata during the second wage war on monument circle singing this time. i am the most important part of the jewish people introduced to is that the day so we acknowledge the sad smile and change things f

texas offering toyota incentives for $40 million to make the move. 3,000 jobs will be shifted from torranceia, to the new headquarters north of dallas. >> pelley: there is a security warning for users of internet explorer, and we'll have that story for you next. break& is to help reduce my risk of having one. that's why i take prolia®. it's different. it's two shots a year. prolia is proven to help make bones stronger& and help increase bone density. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. get medical help right away for a serious allergic reaction causing low blood pressure; trouble breathing; throat, fa,e lip, or tongue swelling; or rash, itching or hives prolia® can cause serious side effects, including low blood calcium, serious infections, which could require hospitalization, and skin inflammation, rash, or eczema. tell your doctor about dental problems, as severe jaw bone problems may happen, or new or unusual pain in your hip, groin or thigh, as unusual thigh bone fractures have occurred. remember, the best breaks are the o

headquarters from torrance to plano, texas after texas reportedly offered the auto maker $40 million in incentives. perry says toyota will invest $300 million in the facility the republican governor made two trips to california last year hoping to recruit businesses to his state. it obviously worked. >> now, we want to take you back to this devastating tornado in the mid west and south. we're just getting new video of the damage that hit mississippi. >> this is from the town of tupulo. you can see major damage to buildings and roofs you can see columbus, mississippi. a storm chaser's view of what it looks like now. an ominous sky to say the least >> just west of there in arkansas, 15 people are dead. that number is expected to climb. officials searched for survivors after a tornado carved an 80 mile path of destruction the storms aren't over yet. >> ashley bridges is in arkansas now in one of the hardest-hit towns. ashley? >> larry, looking at this destruction and debris, it's amazing how many people survived and got out of homes, homes that as you can see behind me, it's hard to tel

a bummer for my friends in torrance, they will lose jobs. too bad.neil: it is not as if they are knocking. >> when his california going to vote republican? >> not this time. neil: never say never. the state could change. >> probably went texas goes democrat. neil: i don't know about it. was ronald reagan the last two when the state? >> duke. neil: talking the president. >> yes. not the last republican governor. neil: you are right, you are right. thank you very much. me, recovery, new beach. all a few can go ahead and dre dream. ask, neil, can it be the deal? my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks

a bummer for my friends in torrance, they will lose jobs. too bad.ot as if they are knocking. >> when his california going to vote republican? >> not this time. neil: never say never. the state could change. >> probably went texas goes democrat. neil: i don't know about it. was ronald reagan the last two when the state? >> duke. neil: talking the president. >> yes. not the last republican governor. neil: you are right, you are right. thank you very much. me, recovery, new beach. all a few can go ahead and dre dream. ask, neil, can it be the deal? really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. new at&t mobile share value plans. our best value plans ever for business. hello. shopping for a used car with the right history? yeah. i don't want one t

right now the operations are located in torrance and 5,000 people work at the southern california headquarters and it is still not clear how many jobs will be moving out the state and texas has been aggressively recruiting california companies to move. the governor perry has personally visited california several times touting his state's business friendly climate. >>> a mega merger could be in the works between two drug companies pfizer confirming they are trying to take over british drug giant say they first approached the company in john and made another attempt this month. among the big names, the antianxiety drug xanax. >>> this week is starting with a new c.e.o. at a bay area technical company announcing the board voted to fire the c.e.o., 31-year-old, who pleaded guilty to misdemeanor come mess tick violence charges. he beat his girlfriend after he found out she went on a trip with another man. he was sentenced to three years probation and avoids jail time. the new c.e.o. was named. >> a warning from microsoft: recollect your computers. hacker bypassing normal security program to get int

a bummer for my friends in torrance, they will lose jobs. too bad.il: it is not as if they are knocking. >> when his california going to vote republican? >> not this time. neil: never say never. the state could change. >> probably went texas goes democrat. neil: i don't know about it. was ronald reagan the last two when the state? >> duke. neil: talking the president. >> yes. not the last republican governor. neil: you are right, you are right. thank you very much. me, recovery, new beach. all a few can go ahead and dre dream. ask, neil, can it be the deal? announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." life's an adventure and it always has been. but your erectile dysfunction

hours later, thomas fredette entered a hospital in torrance and stabbed a nurse in the ear with a penciln was able to run from fredette and was treated for her injuries. fredette was arrested at the scene. the two attacks were not related. miss america was visiting a high school in pennsylvania, when a senior thought it would be a good opportunity to ask her to the prom. but this story didn't have the predictable ending of the celebrity accepting the invitation. instead, student patrick farves was suspended for three days. he ignored the warnings of school officials not to disrupt miss america nina davaluri's visit. she may not be going to the dance with him... but miss america says she hopes the school will reconsider farves' suspension. >> he's just trying to work it a bit. give him a break. if the chances there you have to take it. >> good for him. but he should not be suspended. she said no but don't suspend him. 53 degrees right now. 63 at o'hare. 56 in waukegan. 55 in the aurora. in morris is 57. a typical high is 60. yesterday's high was 79. that felt pretty good. today we have sh

certainly for torrance, california, it's a tough move. melissa: right. looking at more of in this going forward, right, james? >> i think so. when states compete, businesses will win. melissa: money goes where it's treated best. thanks to both of you guys. that's all we have for you. i hope you are making money today. we're looking at the dow right now, up 22 pointings. "countdown" starts right now. ♪ ♪ liz: major u.s. markets and russian stocks see an early morning rally after news that membership doesn't always have its privileges. the u.s. goes after seven russian government officials over the ukraine crisis along with 17 companies linked to russian president vladimir putin's inner circle. should investors buy in and where? >>> earnings season report card. what are earnings really telling us so far about the health of the u.s. economy? are companies deliberately lowballing their numbers? nothing gets by the soup smart people at s&p capital iq. we've got one of their best and brightest live. >>> and flagrant foul, the firestorm over what the l.a. clipp

torrance in the new black is one other programs?people watching that show that house of cards. their mysterious about their numbers. this crazy run last year. it sold off since the last earnings report. i think the business model centers around subscribers. if they can add people to the universities next flight's -- netflix, they can keep away the naysayers. about 48 million subscribers around the world at the end of this quarter. that was their projection. the majority of those are in the united states. we know the business model is a dollars a month. that is over $1 billion of revenue. they've been growing sales around 20%. on thatcan continue pace, that is going to be some of that investors will get. >> they are on their path. they put millions and billions of dollars into this original programming and into these content costs. that?ey able to offset have they been offsetting it? >> it comes down to where can they generate the most revenue. you are right. it is very costly. house of seasons of cards cost $100 million. they cut a

cook torrance a seven night by some. thank you for joining us in our early new york morning. it a perfunctory reaction by the secretary of defense? is it by script or something new here? we are talkingt about another one of the shootings at a u.s. military installation is a strange feeling of dÉjÀ vu. something the president has had to deal with and chuck hagel and today in honolulu a cast a cloud over his fourth trip to asia. terrible tragedy. referred in a moment of science -- silence. can'tis a feeling of believe this has happened again but this is a traumatic issue for the military dearly -- dealing with mental illness and the stress of the wars. the shooter has served four and wasn iraq in 2011 being treated possibly for ptsd. top issues for chuck hagel and the defense department overall. >> greatly appreciate your report. reporting from honolulu and diamond head this morning. look for the interview tomorrow. >> a little different conversation than it was supposed to be 24 hours ago. >> wall street go to cash. i have been in cash since 2009. kate moore thinks i am crazy.

they want to move from torrance to dallas. >> yes. so for those not familiar,er to sense in southern california and toyota's 5,00 employees are said to be in the -- 5,300 employees are said to be in the process of relocating from there to a suburb of dallas. this is according to people familiar with the matter. it's a cost-cutting move. there are a couple of things at work here. if you take a look at the tax incentives both on the corporate side and on the personal income side, a lot more better in texas compared to california. in fact, governor rick perry of texas has been very vocal in launching ad campaigns over the past year and a half, over 50 companies have moved and relocated, that's about 14,000 employees in california have moved to texas to take advantage of the tax incentives. it's clearly a blow for california and a win for texas. but what's interesting is that it's unusual because southern california is second to detroit, michigan, in terms of being the hub for auto companies. you have honda, houston day, i cana, mazda, mi

a former headquarters from torrance to texas.e now on the racial comments. his alleged comments are infuriateing everyone from bab beyond. i'm obviously disgusted they could host such sickening and defensive views. lebron james said there is no room for donald sterling in our league and l.a. star kobe bryant tweeted i couldn't play for him. bill rhoden is a sports columnism and joins us this morning. you heard kevin johnson with the players' association say this morning the nba has got to deal with this swiftly and forcefully. what do they have to do? >> they have to. they have to at the very least suspend this guy if in fact they find out -- just about everybody knows him. we have to follow the truth where it leads. i think there are so many issues here. two of the issues i think this is a moral issue for fans for the consumers. i keep thinking about what happened in montgomery alabama, when the black folks in alabama said, you know what? we're not riding the buses anymore. we're not buying this product anymore. so now as the se

i have counted 5000 or 6000 and not in torrance in conferences and i asked for a show of hands of how many are prescribing non-gmo diets. 13% said they were avoiding gmo's. last year, it was 39%. unfortunately, the biotech industry has earned a reputation underhanded and let's say not so appreciative of the facts. when scientists discover problems, according to nature and other publications and interviews i have done with those scientists, there are typically -- they are typically attacked, often fired or gagged during they lose funding, lose access to seeds. they will be demoted. so much so that there are very few scientists willing to do research in this area. and we have tracked very bysistently the reaction scientists in attacking these independent scientists and destroying their evidence. when you look at industry funded studies however, they are designed to avoid finding problems. we collect about the science. and goith scientists over the research done by the industry and they point out this thing -- it is either not tested or they don't use modern techniques and if they do fin

the torrance headquarters.ou're going to have a whole bunch of people once again smart, intelligent, hard-working people leaving california. who is going to replace them? stuart: we have a solid triple digit really going on this morning. look at individual stocks doing very well. microsoft, content is king, streaming is king. reportedly planning original shows to stream through the xbox. the market really likes it. that is an intraday high. i own some microsoft stocks. netflix and a possible original shows featuring chelsea handler. netflix down $8 as we speak. nicole, let get to the big one. amazon below 300. nicole: they lost nearly 10% on friday, today down to under .5%. the stock at 29611. they have been concerns of the amazon earnings we have seen. the analyst jumping on board, today we heard from bernstein. and a target of 360. they still keep the outperform rating but the big picture is amazon earnings has been a disappointment and the stock down 10% friday and today tuned .5%. stuart: that is a tough on

i have counted 5000 or 6000 and not in torrance in conferences and i asked for a show of hands of how many are prescribing non-gmo diets. in 1987, 13% said they were avoiding gmo's. last year, it was 39%. unfortunately, the biotech industry has earned a reputation as being underhanded and let's say not so appreciative of the facts. when scientists discover problems, according to nature and other publications and interviews i have done with those scientists, there are typically -- they are typically attacked, often fired or gagged , they lose funding, lose access to seeds. they will be demoted. so much so that there are very few scientists willing to do research in this area. and we have tracked very consistently the reaction by scientists in attacking these independent scientists and destroying their evidence. when you look at industry funded studies however, they are designed to avoid finding problems. we collect about the science. i sit with scientists and go over the research done by the industry and they point out exactly how this thing -- it is either not tested or they don't use