going to buy zinga. if it doesn't announce that this afternoon, that says a lot too, ladies. >> if it does, scott mcgrew told you so. thank you, scott. >>> we are one day away from the opening ceremony. the athletes are in town in london getting ready for the big event. today, many of the competitors made time to pick up their olympic swag. our reporter was there to watch. >> reporter: inside this old building in east london is an extraordinary sight. some of the biggest names in the world are here for a u neath shopping stre. >> first things first. head on over to follow the pony to ralph laurp. they are way excited to see you guys. >> reporter: no credit cards and no cash. this is pure swag and it's mandatory. you want to represent team usa get dressed. even if you're a two-time defending champ, kerri walsh. >> i feel wiser and more experienced so i'm not bouncing off the wall with this kind of stuff it comes time for competition, i will be bouncing off the walls and fired up. >> now trying on the outf

for about 15% of its earnings, and zinga stock was down 40% after posting worse than expected resultsok i am just looking at numbers now also still down. the company said the drop in players for its games resulted in a 23 million dollar loss, compares to the 1.5 million profit for the same time last year. >>> this morning google revealed what it will charge for its long awaited high speed internet service in kansas city. kansas city customers will have to pay about 70 dollars a month for the ultra fast service that will pay for a gig a bit service which is said to be 100 times faster than a cable modem. they had a contest to see who gets it. they av 6 they have 6 weeks and google says they will only hook up where there is interest. >>> today at 5:00 we told you it is all happening again, the policies experiencing problems with their radio communications, the latest during the president's visit. we will talk to them and see if there is a fix for this issue. thanks for trusting ktvu channel 2 news. we will see you the next time news breaks and join us again at 5:00. we are always here f

coming up, a big day for facebook tomorrow as it reports its earnings, and a bad day for zinga. and as drought grips the country, we'll tell you how it's going to affect food prices. >> the olympics are underway. opening ceremonies on friday , but a cal star involved in the women's soccer win today over france. one of those highlights. as fans are feeling good. [ male announcer ] olympic tennis players bob and mike bryan are always on the move. so they can't get to the bank to deposit a check. instead, they use citibank mobile check deposit. it's easy. they just snap a pic... ♪ hit send... and their checks are deposited right to their account. well almost all of their checks. stand back. seriously? [ male announcer ] citibank mobile check deposit. easier banking. every step of the way. >>> tomorrow is a big day for facebook. of the company is set to issue its first earnings report as a public company. the release of its quarterly financial results will be its chance to prove to investors that it can continue growing revenue from the ads it puts on stockton street site. despite t

facebook is mainly down up because of zinga 5.5%.the stock market is rallying thinks to promises from the european bank promising to do whatever it takes to rescue the euro. the dow is up by 205 points, nasdaq is gaining 44, s and p up by 20. >> wal-mart is being sued in federal court in san francisco over access for the disabled. that suit claims that many wal- mart stores have checked out display terminals that someone in a wheelchair or a scooter cannot reach. that means they need help using credit or debit cards. in a statement wal-mart says it is committed to serving customers with disabilities. >> and 11 year-old boy managed to get on board a flight from manchester all the way to rome. it is a big problem for a number of security and airline employees at that airport to have been suspended while the incident is under investigation. the boy said he was trying to run away from home. mit researchers figured out which american airports are the most likely to spread a disease in the early stages of an outbreak. at the top of the lis

those zinga is due to have an impact on facebook. they make the five top games played on the facebook platform. facebook stock has been on a roller coaster since it debuted back in may. tomorrow's earning figures could trigger another wild ride with stock prices ranging from 24 to 32. >>> a member of the san francisco sheriff's department appears in court, charged with domestic violence. >>> and we get answers from city leaders about the violence here at oakland. >>> happening now, emergency crews are on the scene of a rollover accident along highway 1 in marin county. these are live pictures from news chopper 2. it's an suv that went right over the side of highway 1 near panoramic highway. two adults were taken by helicopter to the hospital. four young people were also in that suv but were not hurt. a tow truck is now on the scene. >>> now to the violence in oakland. it is up, according to new fbi statistics. the mayor quan has repeatedly said crime is one of her top priorities. today kara talked to the mayor. >> reporter: we caught

earlier social gamer zinga's stock closed down 37%.nd amazon's second quarter profit tumbled 96%, and shares later recovered, and starbucks fell short and blamed sales overseas. home builder pulte group shot up in earnings. finally, we have all heard of the man cave, right? how about the man aisle? guys don't like taking lists to the store, so they put all the manly products, the chips and salsa and barbecue sauce, they put it in one place for you guys, so we are just making shopping easier. you are welcome. >>> coming up, a smashing major league debut back to back jacks, and a first look at next year's nba season. plus, a four-time mvp gets back on his horse, and this time in a new set of colors. your first look at sports is straight ahead. >>> welcome back to "first look." in sports, trade rumors are flying with the deadline fast approaching. >> good morning. baseball's trading deadline is four days away and if your team needs a pitcher, look no further than milwaukee, and the brewers are shopping sepb s skfplt i. and adam laroche's

the stock is down about 5% right now because zinga which has all the games, words with friends and son, they reported earnings yesterday and the stocks down about 37% right now because they disappointed and facebook in the past, barbara, has gotten at least 10% of their revenue from zinga so a little bit of nervousness about what to do with facebook. if we talked about a lot just because it is a great company, doesn't necessarily mean a great stock. back to you. >> i see what you mean. thank you so much. >> you're welcome. >> see you later. >>> in this week's wednesday's child we meet a teenager who loves playing tennis. jeremy says the game teaches hi. it also helps him to build his confidence. >> good to see you, again. >> good to see you. >> murphy jensen coach of the washington castles tennis team which incidentally includes venus and serena williams welcomed us and offered to give jeremy some help with his game. >> now, what part of your tennis game do you need work on? your serve? >> serve. >> you need work on your serve? you're in luck, that's my specialty. thanks, barbara. yea

zinga, that is an expensive one. facebook, expensive. groupon, expensive. these companies not making any money if you look at zynga, groupon, pandora, no profits since their ipos. you don't see evidence that they should be trading higher when they are not making money. that's the real concern there. >> as scott mentioned on amazon, the stocks that go up, there is a faith and hope there. we'll talk about linkedin. >> and track record too. >> i would say this. on amazon, the track record for earnings is not that good. revenue numbers consistently higher, but continually will say we'll make money in the next year. >> look at google. >> groupon, up 15% today, and linkedin, i don't know what kind of track record they have, they are doing okay. it's interesting, more puts traded than calls in all of these names today. >> google is higher. it deserves to be higher. growing at 20%, trading at less than 13 times earnings if you back cash out. so you can't -- we can't pate all of technology with the same broad brush. >> in some respects, more broader technology stock

for these companies and i think there will be a lot of pressure on them, particularly facebook and zingaince they have gone public they need to answer to investors and will be under pressure to make money somehow >> that is a difficult line they're riding because in the meantime they have not upset their customers >> who are used to getting it for free >> that is the thing, we're all used to getting those services for free. >> we will talk with you in the next half-hour on the c.w.. thanks for being here and we will be right back. ,,,,,,,,,,,,,, >> a budget surplus for state parks has some nonprofit groups fuming. one cycling group that raised $55,000 to save a state park says it feels betrayed. >> we are profoundly disappointed that some much effort would be gone through a closure process over a couple of years. only to find that it was like, we're just kidding. >> the group is working on filing a request to get the money back. now they want to give the money to the sonoma county regional parks instead which is taking control of anna belle park. the manner brown's administration has tak

i made about 20% off of zinga investment and i got out early, reinvested in this amerco. curious what you think about the stock, where the industry is heading if i would be safer in something with a dividend yield? >> i look at this. it has a good trajectory. if i tell you i like it more than pon? do i like it more than a stock like southern where the yield is going to go higher. i like a southern. i like duke with all the controversy and this stock doesn't get hit at all. those are better buys. let's not make it too hard. let's get either down and dirty, cyclical housing names or dividend. as the housing rebound continues strengthen your foundation with the under the radar name of u.s. gem. i think this could be a huge earner. stay with cramer. [ dramatic soundtrack plays ] whether it's showing competitors' rates or striving to be number one, we're always up for a little competition. zap! [ sparking ] now, that's progressive. mom, we need to go the hospital. times are tough right now, son. ♪ [ male announcer ] with doctors trained in the u.s.a., europe, and australia, kp

zinga and facebook hit those levels last week.n for the groupon drop today is from a filing amazon filed with the sec after the bell on friday. noting the loss at living social was still existent and that it had yet to turn a profit. that's leading people to be extra bearish about the daily deals sector. >> like. >> deal of the day. maybe not if you are alolong th stock. 15 minutes to go to the closing bell. nasdaq last trade down 13. >> is it the drought causing food inflation now? or is it the government? what if i told you it could be both? details on that story. >> think of this. unlimited paid vacation. policies like that are becoming popular with more and more companies. then won't employees take advantage and rarely go to work? one of the companies doing this says it is quite the opposite. quite an interesting story. >> yes, it is. we want to know whether you think unlimited paid vacation policies are good or bad for business overall. we will get your responses coming up later in the program. d from capital one, sven's home

. >>> what do netflix and best buy and zinga have in common? unlimited vacation policies.rend gaining more traction in silicon valley. especially as the fight for new talent heats up. >> leave it to california. another name for the list is the motley fool. financial services firm offered unlimited vacation for almost 20 years. i didn't know that. the policy not only works it is good for business. but todd of the black bay group says anyone going for this spent too much time in the sun. sam, what's -- unlimited vacations. how many people take an inordinate amount of time in the summer or why does this work for your company in general? >> it is interest thing has gotten a lot of publicity over the past six months. as you said we have been doing it now for 20 years. we are building a company of trust and we think it makes our employees happier and healthier and more productive overall. and the two sides of right that employees are either taking way too much vacation and taking advantage of the company or people ask me frequently doesn't that mean the company is taking advanta