tv KPIX 5 News Early Edition CBS November 7, 2013 6:00am-7:01am PST
biggest college football games in years. if stanford wins, it means they are more than likely headed to the rose bowl. from across the bay to around the world, the stories that matter on "kpix 5 news this morning." captions by: caption colorado email@example.com >> your realtime captioner is mrs. linda m. macdonald. >> good morning, it's thursday, november 7. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. time now 6:00. it's a big day because happening today, twitter is making its wall street debut and it's going to happen in about 30 minutes. >> kpix 5's cate caugiran is at twitter headquarters and cate a lot of marketwatchers will be checking the new twtr stock symbol today. >> reporter: yes. >> reporter: everything is in place. the price is set for this big stock debut and once the bell rings here at twitter headquarters they will be shifting their focus from market street to wall street. twitter hashtag household name.
>> you see it everywhere. it's in tvs, ads, everything. the at sign and hashtag sign is ubiquitous. it's the biggest social media ipo since facebook and while mark zuckerberg's baby didn't break big the first time, experts say it's recent recovery and growth was a big cue for twitter to take a stroll on wall street. >> these events are really important because they set the mood and benchmark for other companies and when facebook had so many problems, after that, companies weren't getting funded the same. there was a sense that, oh-oh, companies aren't going to go public again so it took a lot of time. >> reporter: contract net's paul sloan says twitter took a lesson from facebook's failure and investors took notice. twitter is taking its business to the new york stock exchange valued higher than facebook despite the fact that the company is not making any profits. but once twitter goes public, sloan says management will have to make thanks that could trickle down to the app on your phone. >> you'll probably see all kinds of experiments going on
with different types of ads because the reality is, when you're public, you have to make money eventually and you have to show growth not just with users but in dollars. >> reporter: coming up in the next half hour, we are going to hear from kcbs radio's financial reporter jason brooks on hour twitter measures up to facebook and the challenges the social media site will face once it goes public. reporting live in san francisco, back to you in the studio. >> the company is offering 70 million shares in the ipo. if all shares are sold it will raise more than $2 billion. let's get a look at the roads now with liz. what's going on? >> back out to oakland, we have learned that the coroner just arrived on scene. early this morning, there was a fatal accident involving a pedestrian that ran out into the roadway, was hit and killed on westbound 580 on macarthur boulevard. the backups are relatively minimal fleet at least for this time of the morning jammed towards seminary but if the lanes continue to be blocked we don't have an estimated time of
opening. it could cause further delays. consider using the nimitz freeway, looks good from san leandro and a quick update on the bay bridge commute where they just switched on the metering lights. now the cash and fastrak lanes are stacking up quickly. that is your latest "kcbs traffic." for more on your forecast, here's lawrence. >> all right. if you are stepping outside right now, a lot of clouds moving overhead but that's actually making for mild conditions out the door right now. but what a change just from yesterday as high pressure is sliding eastward meaning cooler temperatures on the way. out the door we go, looking toward the bridge, low clouds over the bridge and some high clouds above, as well. with that in mind it looks like the temperatures staying mild early on this morning. 40s even some upper 50s into san francisco but by the afternoon, these temperatures slightly cooler than yesterday. still, low to mid-70s in much of the east bay a lot of 60s and 70s around the bay and 50s and 70s towards the coastline. developing news now.
the deaths of two transit men on bart tracks are putting the spotlight on employee safety issues at bart. today a state assembly committee will look into that accident. kpix 5 reporter anne makovec joins us with more. >> reporter: there was' memorial here for weeks. that is now gone but what happened here is not forgotten and it is going to be put under the microscope today by the state assembly committee on labor and employment. we're going to hear from bart workers and management. two bart workers were hit and killed by a train on october 19. they were on the track under what's called simple approval. basically, the understanding that you're responsible for your own safety provided no protection from trains and given no advance warning of approaching trains from bart. another worker died in 2008 also while working under "simple approval." bart was cited for that but continues to challenge that citation. interestingly enough, today's hearing was actually scheduled
before those two bart workers were killed last month. michelle and frank? >> anne, where does the federal investigation stand now? >> reporter: the national transportation safety board is continuing to investigate what happened here. that is going to be going on for the next several months. bart managers say that they are under strict orders from the ntsb not to talk specifics about that accident at this hearing. so it is going to be mainly based on this simple approval process. but obviously this is a large part of that. >> absolutely. okay, anne makovec live for us in walnut creek. thanks, anne. a sunnyvale mother and her two-week-old baby could be reunited today. two days after the newborn was taken from the bay area down to mexico, police say that henry guler-romero's dad kidnapped him tuesday after an argument with the mother despite a statewide amber alert 22-year- old mesut guler made it across the border into mexico. mexican police arrested him. the baby was apparently taken after an argument between his
parents. >> apparently there was a disagreement as to him wanting to move to new york and the mother did not want to move to new york and that's what precipitated the abduction from what we have gathered at this point. >> the baby is said to be in good health. still no word on when he might be reunited with his mother. pandora is staying put in oakland. the internet radio giant will unveil a new sign on a downtown headquarters today. pandora has been based in oakland from the start. the company says the sign is meant to show its commitment to the city. a new lawsuit will be filed today in the effort to keep city college of san francisco open. the save ccsf coalition will go to court this morning. the suit is aimed at blocking the recent decision to drop accreditation for the school. the san francisco city attorney filed a similar suit in august. ross william ulbricht the san francisco man web made his first court appearance in new
york yesterday. the 29-year-old was arrested last month. he is dread pirate roberts, police says the mastermind behind the website silk road that did more than $1 billion in illegal transactions. his lawyer says investigators have the wrong man. menlo park police looking for a witness in a dui accident that killed two people. it happened last month at chilco street. 54-year-old marjorie reitzell was allegedly drunk when she struck and killed a couple walking their dog. officers are looking for a white man driving a white ford explorer. they believe that man may have witnessed the accident. police are trying to determine if a hate crime charge could apply in the case of a bus passenger who was set on fire in oakland. investigators say 18-year-old luke fleischman was wearing a skirt when someone lit him on fire. police arrested a 16-year-old suspect on tuesday. it could be determined as soon as today whether he will be tried as an adult. >> can't even fathom what would be going through their head
when they do it. it saddens me incredibly. >> fleischman, who also goes by the female name of sasha, is hospitalized. he is in stable condition at this hour. he identifies himself as "agender," neither male nor female. the san jose police department is getting dozens of detectives out of their offices to make up for a shortage of officers on city streets. a total of 78 officers most from the detective bureau have been temporarily reassigned to patrol duty. the program known as flexcar is designed to reduce response times for emergency calls. san francisco mayor ed lee wants muni riders to put their phones down and pay attention. in september a man waved a gun inside a muni train and no one noticed because passengers were glued to their phones. that man later went on to shoot and kill a san francisco state student. city leaders are kicking off a new campaign today called eyes up, phones down.
sfpd says it is also putting more officers on muni. well, traffic warnings are already being issued for tonight's big game down on the farm in stanford. >> at 6:00 the cardinals host oregon in a game that could very well determine who gets a shot at the national championship. some fans have already claimed their spots in the parking lot and one man showed up with an rv on tuesday. if you want to go, you better be ready to pay up. we are told standing-room-only tickets are going for 90 bucks each. >> a lot at stake in this game and before the game even more big stuff. stanford will retire john elway's jersey. he was a quarterback some years ago. he was the number one overall picture in the '83 draft and one of the most celebrated athletes in school history. i don't know what he did after college. who knows. >> denver team i think? [ laughter ] 6:09. class shirts turning california
teens into gang targets. >> change the world one girl at a time. >> changing lives from half a world away. the school for girls that started here in the bay area. >> clouds in the skies now, what does that mean for today and the week? we'll talk about that coming up. >> and we are getting our first live look now from oakland. this is a fatal accident involving a pedestrian. we'll have the latest on the delays coming up. ,, ,,,,,,,,,, when our little girl was born,
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good evening, this is flo. [laughs] yes, i'm that flo. aren't you sweet! licensed phone-ups available 24/7. call 1-800-progressive. some students near sacramen are learing numbers can too. the senior class at an elk e high school designed a rt. it uses roman apparently it's is it not just colors that associate with gangs. numbers can too. the senior class at an elk grove high school designed a sweatshirt that uses roman
numerals to symbolize the class of 2014. but xiv is associated with a latino gang with a strong presence in northern california. >> you wear that on the street, you're going to get your [ censored ] kicked. >> it was investigated by a number of people but those individuals did not, uhm, know about the connection. >> apparently those students can return the sweatshirts and get a full refund. 6:14 right now. let's get a check on the roads with elizabeth. >> and back out to oakland where there looks like they are in the final clearing stages now of this fatal accident. it was involving a pedestrian ran out into the freeway early this morning. it was hit and killed and now traffic continues to back up. they have the two left lanes blocked. we saw a live look earlier and saw tow crews out there. the coroner has left the scene. so again, this sounds like they are wrapping things up westbound 580 approaching macarthur boulevard. this is what it looked like a few minutes ago. i'm sorry, westbound 580 approaching macarthur boulevard stacked up for a couple of hundred yards so need to use an alternate but if it continues to be out there, which i don't
think it will be for much longer. here's a live look at the nimitz 880 a great option this morning no delay between san leandro and the macarthur maze. here's a live look at the bay bridge toll plaza. they turned the metering lights on before 6:00 this morning. so now it is backing up towards the 880 overcrossing probably about 15 minutes to get on the span this morning. as we have been telling you we have a big football game going on oregon versus stanford at 6:00 in the heart of the evening commute. if you think 101 is bad, expect it to be worse today. right now, though, everything looks good between san mateo county down towards palo alto and the south bay. that is your latest "kcbs traffic." for more on your forecast, here's lawrence. >> changes in the works it a lot of clouds, high pressure breaking down. it moves east. temperatures will cool off. starting out mild this morning. we have mostly cloudy skies. throughout the day, a mix of sun and clouds. temperatures cooler into the
afternoon. then changes continue in the near future as it looks like we are going to see the pattern transition. high pressure beginning to break down and move east. you see this trough beginning to dig in bringing light scattered showers into the far northern california. we'll stay dry, just more clouds and cooling trend beginning today and lasting right into the weekend. traveling out of sfo shouldn't be too big of a problem. partly cloudy skies, no delays so far. looks like 66 degrees into the afternoon. around the country not a bad day a little cool into chicago though. partly cloudy and 48 degrees there. 59 and partly cloudy in denver. 68 sunny in houston. chance of showers could cause delays in new york about 64 degrees. around the bay today, you will see those temperatures soaring into the 70s in the south bay with a mix of sun and clouds. 69 in fremont, 71 palo alto, 61 degrees in half moon bay. numbers running to 73 in brentwood for today about 74 in livermore, 72 in benicia and about 73 in pleasant hill. then inside the bay we'll find a mix of sun and clouds and temperatures generally in the
60s but 50s and 60s out toward the coastline. next few days the temperatures cooling off with a few more clouds coming our way. we have pushed the rain back just a little bit so i think veterans day now looks dry but a chance of showers does continue on tuesday. >> all right, lawrence, thank you. a bay area couple wants girls
in africa to get the same education as the boys so they moved to kenya and started a school. and now four years later it's graduating its first class with the help of local students. daraja academy is this week's "cool school." reporter: after visiting kenya when he was 12, jason doherty fell in love with it and knew his future would be in africa. years later he and his wife decided to start a school there. >> my wife and i went there two years in a row and really saw, wow, the girls are the ones getting the shortened of the stick here. >> reporter: a kenyan family will often send a son to school if there's enough money and daughters some as young as 13 would be married instead. so they started a school in
2009 a four-year boarding school for high school aged girls with an intense curriculum. >> they come from nothing. and they now know that they have that in them to do whatever they put their head into and they will. >> reporter: everything from their education, school supplies and uniforms is free. they even get their
food from the school's garden. >> i will become an important lady in my community and also in my country, kenya. >> reporter: the school only exists because of donations. some being raised half a world away. drake high school in san anselmo is one of seven schools with a daraja club so far raising $20,000 for girls they have never met. >> being like a girl myself and seeing like how much i have, how much i take for granted every day, seeing them and how they like what their lives would look for that went to -- what their lives were before they went to daraja. these girls are so worthy and incredible and it's really rewarding to me and i'm proud
of what we're doing here. >> reporter: just this year, daraja graduated its first class. >> changing the world one girl at a time. >> reporter: it means bridge in swahili a bridge from who the girls are now to who they can become. >> we are daraja, whoo! >> the dohertys live in africa most of the time and come back to the u.s. for about three months a year. so they are just trying to raise money and now they can actually apply for grants. >> you said some of the kids from drake have gone to africa? >> yes, the president of the daraja club at drake high school went to africa last year. she got to meet the girls. >> how amazing is that? >> it's a great school. >> great story. >> so what is cool about your school? you can email your nomination to us at firstname.lastname@example.org. we may come to feature your school on the show. lady gaga known for her out of the world performances. now she is taking it a little bit further. where she plans to take the stage next. coming up.
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and a "kcbs traffic" alert. a couple of minutes ago, chp just opened all lanes westbound 580 approaching macarthur boulevard where just before 5:00 there was a fatal accident. more "kcbs traffic" coming up. good morning, there is enormous optimism for the warriors play-off prospects but it's predicated on the health of star point guard stephen curry. he appeared to tweak his right knee on this inbound play. later he came down awkwardly on his left ankle. he left in the 3rd quarter but told reporters he would be good to go on friday. we'll see. harrison barnes making his season debut. he got 14 points off the bench
in just 14 minutes. 4th quarter klay thompson went off. six of nine from beyond the arc, 19 in the 4th quarter alone, a game-high 30. warriors win 106-93. 49ers host the panthers this sunday. cam newton and colin kaepernick were drafted in 2011. newton has better numbers because he has 25 more starts. but you wonder how things would have turned out if jim harbaugh listened to his father-in-law. >> father-in-law. >> yeah. >> merle fearborn. during the drafts says you have to draft cam newton. jack harbaugh, colin kaepernick. he was championing colin kaepernick. >> yeah. the issue was that cam newton was the number one pick in the draft. obviously the 49ers did not have that. they settled for colin kaepernick. [ laughter ] >> not bad. i'm dennis o'donnell. see you tonight.
>> yeah, i think it worked out just fine. thank you, dennis. back to the warriors game for the play of the day. worthy of another look and it is quite the shot! steph curry on the run and check out the mr. harrison barnes with an impressive dunk today's play of the day. >> the fancy play of the day. tom cruise is defending himself as a good father. new court documents reveal the actor is suing life and style magazine for a story he is claiming he abandoned his daughter surry. cruise says that's not true and is demanding $50 million from the magazine's publisher. tom cruise is trending now. also trending, lady gaga. the singer plans to perform from outer space. gaga will blast off into space aboard sir richard branson's virgin galactic in 2015. marvel comics is trending. their first muslim-american superhero debuts in a new monthly series in january. google barge the mystery solved after days of rampant
speculation about what google is building in the san francisco bay. they came clean and call it an interactive space where people can learn about technology and, of course, twitter. the company goes public today. remember, you can follow us on twitter at #cbssf. coming up on kpix 5, we're minutes away from twitter's public stock debut. we'll break down the challenges twitter faced once it hits wall street. the great american novel. so you can happily let life get in the way, while planning for tomorrow. so you can finish the great american novel banking for the life you have investing for the life you want chase. so you can
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shares are priced at 26 >> the social media company makes its wall street debut in what could be the biggest ipo of the year. shares are priced at $26 each for the tech giant based right here in san francisco. >> kpix 5 reporter cate caugiran is at twitter headquarters in san francisco. cate, financial analysts are expecting big things from twitter. >> reporter: michelle, in fact, if all 70 million shares are sold today it means the ipo would raise more than $2 billion making it the biggest ipo for an internet company since facebook at $16 billion. twitter may be a fifth the size of social media giant facebook but financial experts say it's worth more. >> the key for investors is long term. and if they keep moving the revenue in those big double- digit increments year owe-year, the profits will start to grow. >> reporter: the company isn't anticipated to make money until 2015 and reported a loss of more than $64 million in september and slowing user growth.
kcbs radio's financial reporter jason brooks says what twitter lacks in profit makes up for in potential. >> they are hiring more employees putting money into their marketing, research and development, buying other companies to amplify their own technology. >> reporter: twitter's challenges will still be the same as facebook. after today management will have some new bosses on wall street to answer to. >> every move is going to be analyzed an scrutinized by everybody out there. and that's going to determine their valuation on a daily basis. and it could take a while for them to adjust to that. in a lot of cases it takes a company about a year to make that transition successfully. >> reporter: now, brooks says it isn't just investors keeping a close eye on today's ipo but other smaller social media contenders like snapchat and pinterest who could be making the same move in the near future. live in san francisco, cate caugiran, kpix 5. i'm anne makovec live in walnut creek at the site where two bart workers were killed
last month. that was october 19. and that accident is going to be a hot topic today at a committee meeting for the -- [ pause ] -- senate committee or an assembly committee, rather. it is going to be the topic of that hearing. the committee on labor and employment. specifically they are going to be talking about a procedure known as simple approval where workers are not guaranteed any warning of oncoming trains. one is a lookout. they are responsible for their own safety. bart won't answer questions about the accident at the hearing but we got an advanced copy of the testimony prepared for bart's chief safety officer who said, do we have a safety culture? yes, we do. safety is every manager and employee's responsibility. can bart improve on the safety culture that we have? absolutely. interestingly enough, today's hearing was scheduled before
that october accident. live in walnut creek, anne makovec, kpix 5. lawrence has some incredible video of a meteor down in southern california. >> folks were checking out the skies. everybody has cameras now so reports of what could have been a meteor shower are coming in from southern california. in san fernando valley you can see the bright growing ball appearing to be falling toward the earth and disappear. the report of an exploding into pieces and then just vanishing. so yeah, keep your eyes on the sky. it could be very interesting as that meteor shower will continue. low clouds toward the coastline. and yeah, a little fire in our sky there off in the distance as the sun is coming up now. it looks like it will be a cooler day ahead thanks to clouds. temperatures are running on the mild side this morning because of those clouds in the upper 40s and even upper 50s into san francisco. this afternoon, we'll keep
these numbers slightly cooler than yesterday but slightly above the average. highs today about 74 degrees in livermore. 64 in san francisco and about 73 in san jose. let's check out your "kcbs traffic" with elizabeth. >> now that that traffic alert is canceled in oakland everything looks good. we are watching a couple of fender-bender. it's not causing any big delays though, that's the good spot so southbound 880 approaching hegenberger, it sounds like there is an accident there. couple of cars involved. it may be on the shoulder. no backups out of oakland. southbound 880 a crash approaching lewelling. the accident causing slowdowns past the accident scene. south carolina 880 closer to 92 where it usually slows down approaching the san mateo bridge. this was our problem spot since 4:45 this morning weather we had that fatal crash involving a pedestrian. chp tells us a woman ran out into the freeway was hit and killed. westbound 580 approaching macarthur boulevard, the delays never got terribly bad. backed up to keller right now
but again, all lanes are open. the flares have been picked up. towards the bay bridge, everything typical this time of the morning stacking up towards the foot of the maze. that is your "kcbs traffic" report. back to you guys. >> thank you. an additional 45,000 people are expected that jam the crowded roads around palo alto tonight both on 280 and 101. all heading down the peninsula to see stanford take on oregon in what's expected to be an epic pac-12 game which could shape the national title game, as well. and getting there could prove to be the biggest challenge of all. you can pretty much forget about buying a ticket for tonight's game against oregon. it is officially sold out although this woman told us off camera that she was able to buy standing-room-only tickets for 90 bucks. and demand has driven up prices on the resale market to ridiculous levels. >> it's the rose bowl for us. if we win it, we go to the rose bowl more than likely. and if we lose it, we don't. >> reporter: but this game is being played at 6:00, right in the heart of the evening
commute. these roads are usually jammed at rush hour anyway. palo alto police will have their hands full when some 45,000 extra people converge on the neighborhood. >> we have a different type of infrastructure. we don't have the large in-and- out freeways that some larger cities with good football teams have. so the thoroughfare of the embarcadero, people coming in, it's a two-lane in, two-lane out. >> reporter: and there's really no avoiding it since any other route will still have to end up here anyway. >> no matter how we look at it, no matter where people going, there's going to be a lot of traffic in palo alto. >> reporter: gary may have the best idea yet. since stanford allows season ticket holders to tailgate in lot 2 up to 2 days prior to the game, he has been living here in his rv since tuesday. >> the problem is, how in the heck do you get off work and make it to a tailgate for a 6:00 game? >> reporter: that's a terrible problem to have. >> the solution is some of them taking vacation for a day. [ laughter ] >> reporter: well, if they plan to drive home, they may want to
take the next two days off. you may need the next two days off just to get out of there. big game. a well-known new york city lawyer is leading the investigation into claims a miami dolphins player bullied one of his teammates. nfl commissioner roger goodell appointed attorney ted wells. he has experience in sports cases leading the investigation. former stanford offensive lineman jonathan martin accused dolphin teach mate incognito -- teammate richie incognito of using racial slurs, abusive emails and text messages. several teammates say it doesn't make sense. >> if you had asked john martyn a week before who his best friend on the team was he would have said richie incognito. >> they did a lot of stuff together. if he had a problem with the way that guy was treating him, he said a funny way of showing up. >> martin left the dolphins last week. incognito is suspended from the team indefinitely. new details in the new jersey mall shooting. we are now hearing the 911 calls from panicked people
trapped inside the mall as a gunman opened fire. >> i'm inside the store in the office by myself. i'm scared. i want to get out. >> 911 calls flooded in interest shoppers and store employees scared for their lives as the gunman fired several shots at the garden state plaza mall monday. people hid in dressing rooms and bathrooms begging for police to escort them out. >> somebody is shooting up garden state plaza right now. >> somebody is shooting? >> somebody is shooting up garden state plaza right now. i'm in the bathroom. >> all right. stay on the phone with me, sweetheart. how many people with you? >> three. >> are they in your store? >> yes. >> police say the gunman richard shoop killed himself inside the mall but didn't shoot anyone else. a rail accident raises environmental fears after three railcars left the tracks in benicia monday afternoon. they were loaded with a powdery black by-product from valero's refinery called petroleum coke
and it's what's left after oil is processed. edge environmentalists are concerned about more accidents if local refineries haul in tar sands from canada. >> i picture a huge funnel coming down from alberta tar sands feeding into my town. well, i don't like that. >> the petroleum coke aboard the train that derailed monday did not spill and there were no injuries. auto thefts are on the up swimming this year in alameda county. the -- are on the upswing this year in alameda county up 14% compared with 2012. kiet do looked into where these stolen cars end up. reporter: when it comes to stolen cars, this week the small town of san leandro posted big city numbers. the past 7 days how many? >> 21 vehicles have been stolen throughout our city not just in one particular area. >> reporter: this crime map shows the city's auto thefts since last wednesday. that's right. 21 in a wee in a city with a population of 87,000. 6 were stolen in just one day. most end up in chop shops like this one in oakland where the
cars are cut up and sold off for parts. some are shipped out of the country and a few are taken for a quick spin. >> we also find just a lot of them that people joyride. you leave your car idling to warm up in the morning, someone hops in it, drives it to the next city where they are looking for a right. they abandon it, we find it a few days later. >> reporter: the number one car stolen in san leandro and the country, 1990s honda accords. number 2, honda civics. danielle perez says she parks hers inside a gated area. are you worried? >> a little bit. i have heard that hondas are the number one easiest car to steal, so i know that already. but i love hondas. so -- >> reporter: you love hondas. they love them too. >> yes. >> reporter: san leandro police don't know what's causing the spike but they have started undercover patrols and hitting the streets hard with all three of their license plate readers. >> we are seeing it actually the whole east bay and along the 880 corridor is seeing a rise in numbers. >> reporter: kiet do, kpix 5.
>> nationwide the number of auto thefts rose last year after eight years of decline. the olympic torch making histories. its rocketship journey coming up next. let's check the early numbers, so far looking good. coming up we'll get an update on twitter's ipo launch from kcbs radio's financial reporter jason brooks. ,,
the mood, yankee candle is in y thanksgiving is right around the corner and to get you in the mood yankee candle is introducing three new holiday themed scents. cranberry sauce, sweet potato pie and turkey with stuffing. the company says it smells just like a plumped butter based turkey and filled with stuffing, carrots and herbs. >> details. >> i'm hungry.
>> they are good. i have smelled a few. >> they are. facebook's familiar thumbs up logo is getting the thumbs down. the site is ditching it. so instead, when you like or share something, you will see the signature s button. expect to see changes in the next few weeks. this blockbuster in san pablo is closing for good. it's one of the remaining 300 or so blockbusters in the u.s. that will shut down by the beginning of next year. the video rental company is also ending its disk by mail program. twitter opened trading on wall street about 15 minutes ago. let's see how the ipo is going so far. here now is kcbs radio's financial reporter jason brooks. what do you think? >> good morning, frank. good morning, michelle. in a holding pattern for the time being, twitter does open today he but it takes a little while for the underwriters to clear it out before it trades. it is on the new york stock exchange twtr symbol. it will
give the company initial market cap of $14 billion. word going in is demand was extremely high. the company decided to price its shares a little under that in order to get that nice first day pop. take a look at the board right now. twitter is still not trading yet. we'll let you know if it happens in the next 30 seconds. good news on the economy lifting the stock market again this morning. commerce department reports that the gross domestic product in the 3rd quarter rose 2.8% stronger than expected thanks to stronger consumer spending. also, labor this morning reporting that first time weekly unemployment claims fell by 9,000 to 336,000 and the four-week average also pulling back just a little bit. the key october jobs report comes down tomorrow. the dow started today at another record high, 33rd record close this year. blue chips up 47. nasdaq up 3. s&p also up by 3. twitter still not trading yet. michelle and frank, back to
you. >> thank you, jason brooks from kcbs news. today could be a big day for gay rights. all 55 democrats in the senate and several republicans are expected to vote yes on a bill that would make it illegal for employers to discriminate against gay bisexual and transgender workers but don't expect the same in the republican led house. speaker john boehner says the legislation will create costly frivolous lawsuits. vice president joe biden set out to congratulate marty walsh after winning the boston mayoral race. he called the wrong marty walsh who is the president of government relations firm. the vice president was not the only one to make the same mistake. walsh received congratulations from several prominent democrats, as well. former palestinian leader yasser arafat may have been fatally poisoned. a number of scientists studied soil and bone samples. they found traces of polonium 210 a deadly radioactive
isotope. arafat died under mysterious circumstances in 2014. palestinian officials say israel poisoned him. israel denies it. in geneva, the u.s. and five other nations are beginning meeting with iran over their nuclear program. the gang of 6 is seeking an end to the program in exchange promising to cut back on sanctions which have crippled iran's economy. congress is considering new sanctions against iran, a move the white house is trying to stop. it's a thursday at 6:48. it's been a busy day on the roads. let's find out how things are cooking. >> pre-friday commute. all the attention is now shifted from 580 to 880. this accident is actually blocking two left lanes. southbound 880 approaching lewelling boulevard is in the clearing stages but right now it is jammed solid from marina all the way out into san lorenzo and sluggish towards hayward. live look at 580 -- it is moving okay right now through the macarthur maze and that earlier accident westbound 580 a fatal crash approaching macarthur boulevard is cleared
and traffic is recovered. here's a live look outside san mateo bridge traffic. the drive times are there. traffic fine on the flat side of the bridge. 19 minutes from hayward to foster city. bay bridge stacked to the maze now. the metering lights were turned on at 5:50 this morning. cash and fastrak lanes are slow but once you get on the bridge things look good. bart is on time. and if you have any questions about your morning commute, once you hit the roads, tune to our radio partners, kcbs 740-am and 106.9-fm. here's lawrence with your forecast. >> a lot of clouds making their way across our skies right now. looks like high pressure breaking down. got some changes in the weather coming our way as early as today. headed out the door, you have some clouds continuing to move on through and with those clouds helping to hold the temperatures up so kind of a mild start to the day. and the afternoon we'll see a mix of sun and clouds and some cooler temperatures especially near the coastline. then changes continue in the next few days. high pressure now sliding eastward. as it does we are seeing this
trough beginning to dig in along the west coast ushering in clouds and showers in far northern california. for us, though, more clouds and some cooler temperatures over the next few days. and want to show you this typhoon. this is a super typhoon that's just making landfall in the philippines. we just got an update on the storm system. get this -- sustained winds of 190 miles per hour. this is a monster storm! gusts now up to 230 miles an hour. i had contact early on with some folks in the central philippines. that has since gone away now. i suspect the power is out. they are seeing very heavy rainfall. now the winds will whip along the coastline. expected to make landfall on leyte island. they could see a storm surge of, get this upwards of 20 feet, maybe more. it's going to be a devastating storm system rolling across the central philippines for today. around the bay area, we are looking at temperatures with partly cloudy skies in the 60s and the 70s. next couple of days, those temperatures will be dropping off right on in through the weekend. we moved the chance of rain back to tuesday.
so keeping your dry right through veterans day. checking out your kpix 5 schoolcast, ace school, you have a lot of clouds of early on, you might need a jacket. by lunch recess, warming up in the afternoon, sun and clouds. of course, you can nominate your school at email@example.com. hey, send us a picture, too, maybe a little bit about your school. we would like to get that on the air. >> thank you. it's beginning to look a lot like winter here in san francisco. the embarcadero ice rink is now open for skaters. it's at the justin herman plaza rise across from the ferry building. kpix 5 is a proud sponsor. the rink opens every day at 10 a.m. michelle and i will be there for the embarcadero lighting a week from tomorrow night. hope you join us. >> we have liftoff of the soyuz rocket in the spacecraft on a truly olympic leap. >> an out-of-this-world journey for the olympic torch. three astronauts and the torch
took off from kazakhstan hours ago. we have confirmation they have already arrived at the international space station. this is the first time the torch has ever made the trip into space. it will go on a spacewalk and return to earth on monday. 6:52. the affordable care act website has become a pr nightmare. how the president is now trying to salvage the public's view of his signature law. music ,,,,,,,,
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relations campaign for the affordable care act on the road meanwhile. he told a group in texas the healthcare reform plan is still better than what we had before. the reese cents deaths of two transit workers are putting the spotlight on worker safety issues at bart. today a state assembly committee will look into the matter. the hearing will evaluate a decades old bart procedure called simple approval. it allows workers to enter restricted areas along tracks with the understanding they are not protected from trains or given any advanced warning of approaching trains. oakland police trying to determine if hate crime charges could apply in the case of a bus passenger who was set on fire. investigators say 18-year-old luke fleischman was asleep on an ac transit bus on monday night when someone torched his skirt. fleischman has second- and third-degree burns now. police eventually arrested a 16- year-old suspect on tuesday. stanford hosts oregon tonight in a game that could very well determine who may get a shot at the national championship. tonight's game is already causing traffic warnings for
the evening commute along the peninsula. some fans have already claimed their spots in the parking lot. one man showed up with an rv on tuesday. and reports have come in from all over southern california thinking this fireball could be part of a immediate yor shower. the brief video was shot in the san fernando valley. you can see the bright glowing ball falling towards the earth and suddenly disappearing. i'm cate caugiran live at twitter headquarters. it's been about 30 minutes since the company went public. i have been checking my stocks app on my phone. it appears it hasn't started trading yet. stocks will start at about $26 a share. let's look at some video. you can see once the opening bell rang twitter made its stock debut under the ticker symbol twtr. this is the highly anticipated ipo since facebook last year. the san francisco-based company did take a lesson from facebook's failure last year which was marred by technical
glitches. instead, twitter took its business to the new york stock exchange valued higher than its social media rival. they may be worth more but experts say twitter will still have the same challenges ahead. >> every move is going to be analyzed and scrutinized by everybody out there. that's going to determine their valuation on a daily basis. it could take a while for them to adjust to that. in a lot of cases it takes the company about a year to make that transition successfully. >> reporter: now, there's one san francisco neighborhood not happy about twitter going public. residents in the tenderloin are protesting outside headquarters. their purpose, call attention to corporate tax breaks and the role that tech companies play in the eviction crisis. now, back out live, you can see those protestors still there chanting outside of twitter headquarters. as far as profit and twitter's concern going back to the ipo, experts i spoke to say yes, the microblogging site isn't making money but what it lacks in profit right now makes up in
potential. reporting live in san francisco, cate caugiran, kpix 5. and another "kcbs traffic" check. all lanes are open southbound 880 approaching lewelling boulevard. this is in san lorenzo. unfortunately, the delays are bad on 880. it looks like southbound starts to back up around 98. just south of the oakland comes. if you are traveling northbound so far, so good all the way towards your downtown oakland exits. first report of another multicar crash westbound 580. this is at the richmond/san rafael bridge toll plaza. the left lane is blocked. traffic is stacking up towards castro street. if you are heading towards the bay bridge toll plaza, it is now backed up fully into the macarthur maze. all right. outside we have a few more clouds cruising across our skies this morning making for a beautiful sunrise over the bay bridge. the temperatures because of the clouds have stayed more mild today. some 50s and 40s. by the afternoon we're enjoying a mix of sun and clouds, cooler today, still some mid-70s inland. 50s and 60s coastside. next couple of days a little cooler. chance of showers by next tuesday. captions by: caption colorado firstname.lastname@example.org
good morning to our viewers in the west. it is thursday, november 7, 2013. welcome to "cbs this morning." the nfl takes action. players break silence in the miami dolphins bullying scandal. our insider james brown on what veteran players are telling him. a fire ball streak across the california sky. remarkable pictures and new evidence earth could see a lot more asteroid strikes. plus have you heard about the flying cars? the man poured $100 million into his dream ride. >> we begin with a look at today's eye opener, your world in 90 seconds. >> three stories.