they hope to raise enough money to allow the government to sell some stake in gm. >> gm recalled 240,000 suv's because seatbelt damage could prevent safety. the announcement comes as gm prepares to return to wall street. gm hopes its ipo will go to $20 billion and reduce the u.s. government's majority stake in the biggest automaker. one year ago, gm incurred $10 billio inosse last quarter. since then, a restructuring plan has started showing results, with gm showing the first profit in 6 years. the ipo will help raise capital needed to revive units, such as opel. opel's boss tried to attract new buyers with a lifetime guarantee on new vehicles. more bad news for a company struggling to turn over a new leaf. >> gay rights in germany. we have the details. >> germany's court isss a ruling giving homosexual couples in civil parternships the same rights when it comes to inheritance tax. gay lesbian groups hail the decision as a significant step towards equality. >> homosexual couplse are allowed civil unions in germany, but unlike marriages, the union ends in death. germany has come up with a

whitaker helped guide gm back into the black. the company return to profits in the first quarter of this year. earnings rose in the second quarter to over 1 billion year rose. now, whitaker is stepping down. as ceo, he launched a restructuring program that cost plant closures and tens of thousands of layoffs. his successor is not an automotive expert either. he has experience in telecom and finance. he will be in charge if gm makes an expected ipo later this year. he will try to repay government loans of almost 40 billion year rose. >> we spoke earlier with our correspondent on wall street. waskedhim what investors made washington pd itatowbereelectios cc not, ger moris s you wl s tha thhowar screase in revenue ntiod o lking atspurecdata sasin esren llt. ia w,al da. ermpymt sunc narts anor gup ennnc saspdursndxptsemdnition ssth o oofi g oyo omyt6.mily gazaonbe neurn n ogot colombi wr a radio the injured bus that happen to pass by. images from a surveillance cara inside the station showed the extent of the damage.the c't described

and gm announces a change in leadership as well as $1 billion profits. coming up later for you, restrictions on cloning life mean a european beef could become increasingly rare. and a cultural icon is preserved. why austrian our vines are being told by pickles. >> i like the small ones. they are interesting to me. the big ones are too big. ♪ >> hello to you. so many headlines, so much suffering, and still the flood waters in pakistan are rising. the threat is in the provinces of print job and others and is mounting. there are 14 million people affected. but finally, two weeks after the flooding began, the president went to see his people's misery. >> a fight for survival. a delivery of a becomes a snatch and grab. -- the delivery of aid becomes a snatch and grab. there is not enough to go around. this is the reality, for now. and this is the new landscape of pakistan. today, we joined the prime minister on a trip to one corner of the disaster zone. victims of the flood clamored for his attention. only a handful could get near him. he found anger here a

gm, by the way, still owes american taxpayers $43 billion. >>> 81% of americans say the economy is in poor shape and most don't believe president obama is making it any better. the latest associated press poll gives the president his worst marks on the economy. 61% say the economy has gotten worse under his watch and 56% don't approve of how he's handling it. >>> facebook will let your friends know where you are. wednesday the social networking site unveiled a new feature called facebook places that allows you to update your location along with a status and lets users check into locations such as restaurants, bars or concerts. >>> just when you thought it was impossible, a another new fee from airlines to talk about. american says it's now charging between $19 and $39 for express seats. those spots are in the first few rows of coach, including bulk head seats. as an extra bonus travelers that are willing to pony up that extra dough will get to board the plane first. not sure what will come next here. they'll start charging for peanuts and pretzels. >> for the air we breathe. >> seems

he will be in charge if gm makes an expected ipo later this year. he will try to pay governnt loans of almost 40 billion year rose. >> we spoke earlier with our correspondent on wall street. we asked him what investors made of the leadership changes and the quarterly profit. >> washington put ed whitaker in place. it makes sense that now that general motors is getting closer to an ipo that he is leaving his post. it is getting pretty likely that general motors might actually have this ipo before the elections in early november. if the ipo is going to be successful and sustainable depends on the product quality of general motors, if they have good models. if not, general motors is going to have tough times once again. >> let us look at high tech news again. cisco systems posted a bleak outlook for the rest of this year. how did that go down? >> you willee the stock under heavy pressure. with that, use the technology stocks doing a little worse than the broader market. the hot water was not that bad. five quarters in a row, cisco managed an increase i

gm also plans to promote generational changes in its management. chief executive officer edward whitaker will step down on september 1st and board member dan ackerson will take over. >>> the yen marked a 15-year high against the dollar this week. a major japanese commercial bank estimates if the dollar stands at 85 yen for a year, it will lead to the country's real gross domestic product shrinking by 0.4%. a bank of tokyo mitsubishi ufj survey says exports will decrease by 1.3% and capital investment will contract by 0.7%, compared to figures calculated at the level of 90 yen to the dollar. the bank of japan says most japanese manufacturers are projecting business forecasts on the basis of 90 yen to the dollar. the central bank is expecting the current fiscal year's gdp growth to be between 2% and 3%. however, the estimate also says that if the current level of foreign exchange rates holds firm, shrinking exports will lead to a 4% reduction in overall corporate profits. an official from the bank that conducted the survey says this will likely have

plus of the recalled vehicles are in the united states gm said the seat belt buckle could be damaged when the seat back is return to an upright position in which could make the buccal appear latched even when it is not to. thus the motor corp. is recalling to enter the 15,000 was the three and mazda five vehicles to fix problems with the power steering system that could lead to a crash. the recall involves model year 2007 through 2009 it lost a three and lost of five vehicles built from april 2007 through november of 2008. if clause this as a vehicle could of the sudden loss of power still insist making it more difficult for the driver to steer the vehicles. tainted eggs that sickened at least 250,000 californians with salmonella that's despite a multi say recall. takes for a colt by wall were delivered to distribution companies in eight states including california. seven cases of salmonella were linked to the same rate call in minnesota. the eggs are packed under various names including albertson, ralph and farm fresh. taking a look at arts of forecast temperatures of cool down tomo

gm's fremont plant operated for 22 years and closed in '88. finally the 16-year-old great mall of the bay occupies an old plant that closed 11 years prior to the mall's opening. >> when we come back on sc, we'll take for a ride through yosemite national park the old- fashioned way and a ride over the rockie trails in the sierra. . >>> for years there has opinion a lot of controversy over how many cars should be allow nod yosemite national park, but there was a time when there were hardly any cars there at all and those drivers who made it to yosemite had to enduring quite a ride. >> reporter: 1900 there were only 144 miles of concrete paved roads in the whole country. so almost all of the america's automotive journeys were by necessity an adventure of the backroad variety. in california, one of the most challenging of those adventures came here to yosemite. to the valley of granite domes where mountain were carved by the sculpting hands of giant glaciers. tests of the model-t's reborn spirit of independence. >> coming to yosemite was the same

gm has not clarified what action it will take in japan. also on tuesday, mazda reported too the u.s. national highway safety traffic administration it plans to recall 2 million cars made between 2007 and 2009. the company says rust in the power steering parts could lead to a reduced response when a driver turns the wheel. >>> international interest in japanese animation or anime has been growing each other. professional animators used to be the only ones able to create these cartoons. but now flash animation software is making it possible for other enthusiasts to make their own, opening the door to new business opportunities. ♪ >> reporter: this is a popular flash animation series on the web that began three years ago. the animation gets about 50,000 hits a day. this cartoon, humorlessly depicts the friendship of this girl and these twin girls. the creator lives in osaka, western japan. she uses flash software, which allows her to create the series at home. making the characters move is easy. all she has to do is draw a line. the charact

that is the first step for gm executives to regain control of the company. right now the government owns 61% of gm after bailing out the automaker last year. gm believes it can raise enough money to pay back loans that would give it majority control of the company. no stocks sale to date has been set. >>> time now 5:21. one bay area fire chief is taking heat this morning. up next the pictures some say prove the chief is wasting city money. >>> plus the one reason why ten bay area public schools are suddenly being forced to shut down. >>> good morning. northbound 280 traffic looking pretty good driving right through highway 17. but we'll tell you about an unexpected slow down. we'll tell you why coming up. it's not back-to-school, it's forward to what's next with an hp netbook, samsung reality or lg cosmos for under $20 after rebate. got the mirrors all adjusted? you can see everything ok? just stay off the freeways, all right? i don't want you going out on those yet. and leave your phone in your purse, i don't want you texting. >> daddy... ok! ok, here you g

gm is now wildly expected to file upon a initial public stock offering tomorrow. that would let the federal government sell its majority ownership of gm which of course it acquired during the bailout. >>> a federal judge ordered wells farc go to pay $303 million in overdraft fees back to customers. it accused the bank to change what he called unfair and deceptive practices. >>> motorola's droid 2 phone hits the market today. it has a better processor. it also retains the sliding keyboard and touch screen. the droid sells for $200 after a $100 rebate. >>> the popular comic strip cathy comes to an end. during its run, kathy kronlinged the life and frustrations of swimsuit drama mass of its creator. she's quitting the strip to spend more time with her family and to spend more time with other creative endeavors. >>> coming up, more transportation trouble involving the vice president. >>> plus, rallying for rangel. who showed up at the lawmaker's 80th birthday bash? >>> and survivors who lost limbs climb one of the world's tallest >>> parts of central iowa remain swamp

courtney reagan has more on gm's big plan. good morning. >> reporter: futures are higher this morning. wall street struggled yesterday for a second day of gains. asian markets were higher overnight on speculation that japan is considering more stimulus measures to prop up the world's third largest economy. data on new filings for unemployment benefits this morning as well as manufacturing conditions and sears reported a loss for the quarter but a smaller loss than expected. we hear from hp and dell this afternoon. the dow gained nine points yesterday for trading to begin at 10,415. the nasdaq was up 6 points to 2215. >>> general motors files its much-anticipated ipo a year after the auto america was fighting for its life in bankruptcy court. gm will list shares in new york and toronto. the u.s. and canadian government owns stakes in the company after bailing it out. it's unclear how many shares will be sold or at what price. the u.s. treasury will still have say on some day-to-day decisions. back to you. >> thank you. >>> now

gm followed suit. nissan has a lease option with payments of $350 a month. so does gm. both should attract customers. >> that's going to be low enough to compete with, again, many other vehicles on the marketplace that don't offer this kind of alternative energy technology. >> reporter: both cars are sharing another incentive, federal tax credits of $7,500 per car. chris clacken, nbc news. >> a lot of people will be looking into those. >> it is 4:50 now. looking at the forecast as well. certainly cooler lately. >> we had the strong sea breeze again over the past weekend. this morning it has pumped in quite a few low clouds. a southeast wind of 9 around san jose with mostly cloudy skies to start. 59 in oakland. west wind at 7. once the skies start to lighten up as the sunrises around 6:20 this morning, you will see a lot of low clouds. 57 degrees, maybe some mist on the wichbd shield. t windshield. the giants back in town taking on the cubs. allergy report unchanged. moderate change for tree pollen. if you have allergies, maybe not so good this week. but the air quality,

the latest survey ranks ford's lincoln mercury and gm's buick brands the best it is the first time the u.s. automakers have topped this poll. chrysler didn't fair as well. jeep and dodge were dead last. >>> more americans seem to be paying their credit card bills. some companies report from june to july that truer customer december faulted or made late payments on bills. many major credit card companies say payments have been on an upward trend for the past couple of months. that's good news. back to you. >>> tonight is the last chance for you to catch lady gaga in the south bay. >> she's crazy and she's outgoing and amazing. and she definitely is true to herself. that's what i love about her. >> gaga fever follows her wherever she goes. last night her fans put away all their inhibitions and turned out in their best gaga-like outfits. the artist shot straight up the music charts with songs like "poker face" and "bad romance." she performs tonight. after that her monster ball tour leaves san jose. >>> there are reports that steven slater could have his own reality show. he has been cont

. >> you have to look at how europe is very anti gm but euro is cool -- is pro gm. >> for years, farmers have been battling to reclaim their reputation after the disasters of mad cow disease and foot and mouth disease. they cannot handle another controversy. >> this is bbc news. you are watching a reminder of the headlines. president obama says the battle to stop the massive bp oil spill in the gulf of mexico is close to an end. a federal judge in the united states has overturned the ban on same-sex marriages in california. early results in the referendum in kenya on a new constitution indicate it has been overwhelmingly approved in most of the country. south korea has begun naval exercises near the disputed maritime border with north korea as part of a response to the sinking in march of a south korean or ship that was blamed on north korea. p'yongyang says they will retaliate if this goes ahead. our correspondent explains the focus of the exercise. >> these are anti-submarine drills. because of the connection with the sinking, the allegation is that the warships that went down in march

the filing is the first step for gm executives to regain control of the company. right now, the government owns 61% of gm after bailing out the automaker last year. gm believes it could raise $16 billion which would be enough money to pay back some loans and give it majority control of the company. no stock sale date has been set. >>> time now is 7:47. lawmakers are investigating the effect of the bp oil disaster on the seafood industry in the gulf of mexico. the house energy committee will hold a hearing later this morning on making sure that seafood is safe to eat. in the meantime, admiral thad allen, who is the point person on the clean up for the government, says the bottom kill could begin after labor day. >> we have agreed to a sequence of actions that i'll direct bp to take. starting out with flushing out the blowout preventer. actually move to put a new preventer on and do the bottom kill. >> allen is defending a government report that shows 75% of the oil is either evaporated or disbursed or collected. he says he expects the bottom kill could begin the we

. >>> gm is recalling nearly 250,000 suvs over concerns the backseat safety seat belts could be defective. including the chevy traverse, gmc acadia and the saturn outlook. gm says they have not gotten any reports of accidents or injuries. >>> jetblue is bringing back its popular all you can jet pass. it allows customers to travel to an unlimited number of cities over a one-month period for $699. now, last year those passes sold out in just two days. they're good between september 7th and october 6th, which is traditionally a slow travel time. emily, that could be a pretty good deal if you have some time on your hands and you wanted to travel. >> that's good. and the airports are less crowded if it's a slow travel time. very good. thanks. ashley morrison here in new york. >>> just ahead, millions of eggs under a massive recall. >>> plus, questions aboard a southwest airlines plane after a flight attendant removes a baby from her parents. ♪ [ female announcer ] wisk is about to change the way you look at stains forever. discover the power of our stain spectrum technology in the new red bo

all this will be on gm. also today a lot of attention, reaction on wall street to the latest jobless numbers that came out yesterday. and they weren't good. >> they were not good, erica. 2,000 increase in jobless claims over the last week. now we are returning at a week of 484,000 worth of jobless claims. that's new people going out and applying for jobless benefits. the numbers are moving in the wrong direction. we have seen that also in the overall numbers for unemployment. >> rebecca jarvis at the new york stock exchange. thanks. >> all right, erica. >>> to iowa where severe flooding in ames knocked out the town's water system and this morning, much of the state is facing more rain and more problems. cbs news correspondent don teague is in ames with the latest. >> good morning. the floodwaters are quickly receding here in ames, iowa. if you had been in this parking lot, iowa state university yesterday morning at this time, you would have seen this car behind me completely submerged under water. but while

gm also a big step close tore going public again. two sources say gm has secured a $5 billion line of credit and will file an initial public offering tomorrow. the stock could go on sale before thanksgiving. right now the government does own 61% of gm as part of the bail out agreement. >>> there's another sign the economic crisis continues for thousands of families. the number of u.s. homes lost to foreclosure surged last month to nearly 93,000. that's up 9% from june and the eighth month in a row that the pace has increased. banks have stepped up foreclosure proceedings this year as a way to clear out the large backlog of bad loans. >>> time now 6:21. a recent scaring incident on a baseball field has led to baseball changes for young athletes all over california. we'll tell you about it when we come back. >>> and bay area doctors and nurses head back to haiti today. this time they're bringing a special high-tech gift to the quake victims. >>> southbound 680 traffic looks pretty good heading to the south bay. we'll tell you more comi

things have begun to turn around for gm. >> i have noticed more gm vehicles. >> they have some great styling, too. you have the chevy volt, it's not out yet, but we never thought of gm as cutting-edge. here they go. >> it's only been a few months. >>> ac transit and drivers will work towards a new deal next friday. both sides say they believe a new agreement will come quickly. in the meantime, expect buses to be on time. ac transit has warned that drastic cutbacks could be coming depending on the terms of that new contract. >>> caltrans is warning that without a state budget most of its projects will have to come to a grinding halt. leaders say if there is no budget by september, they may not have the money to pay contractors meaning they would have to suspend work. new contracts would be delayed until caltrans can pay crews. there are currently $9.5 billion worth of projects under way, but another $1.5 billion in projects are on hold. so we'll see what happens with the state budget. >> yeah. well, your traffic and weather not on hold. we will start you out with mike inouye. >> on 88

and gm is a big step close tore going public again. two sources say gm has secured a $5 billion line of credit and will file an initial public offering tomorrow. the stock could go on sale before thanksgiving. that's according to one source. right now the government owns 61% of gm as part of the bailout agreement. >>> time now 5:20. the bounce houses that kids love to jump up and down in may want be good for their health. one bounce house at a berkeley day camp was tested. reportedly it contained high levels of lead. that bounce house was later declared off limits to the kids. the center for environmental health says there's no safe level of lead and says children should wash their hands and change their clothing after playing inside bounce houses. >>> well, new safety standards have been announced to make america's favorite pastime safer for kids. hear how a young bay area boy has triggered a nationwide debate. >>> and we're going to take you to an old fashioned round up of wild horses. it's right here in california. and tell you why

market didn't like that it went down quickly cisco reported lower-than- expected earnings but then gm out of nowhere came up with over billion dollars in quarterly profit since. is going to file for an ipo. we would like our money back so that's a good thing for us. in and looking at the dow trying to claw its way up i guess investigator investors are far higher looking at the same thing i am cured >> if they were spurred to sell risky stocks you say gm is going public do we get into that not? >> (laughter) i don't wanna be telling people where to put their money. if you're in your area and if you don't want the selling right now you wanna ride out a market like this were through of all the rough stuff. it had a spectacular year last year regaining ground. a lot of turbulence out there the bottom line is the economic recovery one day looks good one day looks bad now it's going to remain the case for the remainder of the year. not until we see a turnaround in the job market. >> a deeper pert perspective on cisco news what does that mean your we are in the bay area. what does that mean

gm has filed paperwork for its initial public offering with the securities and exchange commission gm has niemeyer call got a $50 billion government fell last month stay in business. exchange u.s. taxpayers now owns 61% of that company. president barack obama is a christian but a new poll finds an increasing number of americans are convinced that is a muslim. 18 percent of those responding to the pure research center at 43 percent say they do not know is religion. it is important to know the interview surveys before country really erupted before the mosque should be built. the president will be getting a much-needed vacation starting today. president barack obama is heading to martha's vineyard for a 10 day vacation with his family. he hopes for an uneventful sundays to recharge his batteries. he'll spend time with his wife michelle and his two kids and pet dog though. he is the third sitting president to spend time was at martha's vineyard. coming up we'll tell you about the new law that hold adults level of the teenager is taught drinking. a live look of cited estimates there bridge

whittaker was named the chairman of gm last year when gm emerged from bankruptcy. >>> 8:45. mortgage rates have fallen to their lowest level in decades. freddie mac says the average rate for 30 year fixed loans this week was 4.44%. that's down from 4.49% last week. that is the lowest since freddie mac began tracking them in 1971. >>> about to get help in the form of $472 million from the treasury department. the state housing finance agency says the money will be used to help unemployed homeowners pay their mortgages while they look for work. qualified homeowners usually receive $1500 a month for six movants. the treasury -- >>> thousands of people lined up for a chance to get public housing assistance. they had gathered to get an application for federally subsidized housing. the line was only to get on a waiting list, in fact. there's no housing currently available. 13,000 applications for handed out with officials saying next time they'll do the applications online. >>> a bill that would crack down on sex offenders is expected to move closer to passage later today. it's ca

. >> were talking the gm ipo that's an interesting story. >> it's a big story. keep in mind the board $60 billion from the u.s. government's and if they're lucky it 20 billion which means there's still five to 10 years from every angle adds to its government back. this is a much debt out there to the government's and that will hold stock down because everytime stock goes the more the government will sell shares. it's up to the average consumer it's good for jobs and good for american cars bomb from an investment standpoint be one step away from it carried >> people might be growing for it but don't rush. >> much money to be a long time before they get back up. >> google tv not television is upside down the whole world of tv is changing so much tell us about google. >> google tv this fall to top box uninjured operating system much like a phone market they've done incredibly well with. the promise not the players tbs time warner wants to give content to go " the sorrows figure out to give their content for free and cbs and nbc does someone to give away the content

. >>> gm recalls hundreds of thousands of vehicles, find out what's prompting this massive recall. >>> an east bay teenager killed after an accidental shooting in front of his little brother. >>> also at 6:00, more details from the story we just told you about. continuing coverage of the major shake up under way right now in a bay area police department. >>> plus, it's getting ugly. we've been following a campaign controversy in the south bay. see how vandalism is now part of the unfolding political drama. tonight on ktvu channel 2 news at 6:00. >>> while there's been plenty of grim news, there are signs of life in san francisco's critical tourism business. rob roth is in the city with details on the rebound -- rob. >> reporter: it maybe a little too soon for the san francisco tourism business to bring out the champane and start cheering, but the economy seeming to be coming back. san francisco's tourist spots appear to be busier this summer than last. and who would know better than a veteran cab driver. >> this summer is much better. i think so, for me, for my business. much better.

gm filed with the s.e.c. for a public offering. the proceeds would partially repay the government for its $50 billion bailout of gm. right now the government owns almost 61% of the automaker. >>> pailpalo alto-based facebook revealed a new future on its social networking site today enabling users to know exactly where to find their friends. the feature will allow sharing of locations with each other. facebook has said they've updated their privacy controls so users can choose who will can see their locations. >>> he was a bay area priest >>> we will be tracking another round of fog for parts of the bay area. for san jose, you can see starting out the day at 56. by lunchtime, 69. an afternoon high, 79 by 3:00. >>> two lawsuits filed in alameda county superior court today accuse the catholic diocese of oakland for failing to warn parents about a roman catholic priest who was a convicted child molester. he was defrocked in 1987. a decade before that, he was convicted of molesting two boys. in 2004 he was sentenced to six years in pris

gm filed with the s.e.c. for a public offering. the proceeds would partially repay the government for its $50 billion bailout of gm. right now the government owns almost 61% of the automaker. >>> pailpalo alto-based facebook revealed a new future on its social networking site today enabling users to know exactly where to find their friends. the feature will allow sharing of locations with each other. facebook has said they've updated their privacy controls so users can choose who will can see their locations. >>> he was a bay area priest for years. one of his abusers allegedly comes before him. five years ago i was twice the man i am today. literally. i mean, i couldn't even bend down. so my first day at the gym when the trainer asked me about my goals, i said, "i just want to own a pair of shoes with laces." now i'm exercising more and eating lean protein like jennie-o turkey. i think it's working. anncr: be well... with all the great tasting ways to eat lighter. only from jennie-o. >>> we will be tracking another round of fog for

>> i just want to thank the team, danny and rick and caring and gm and kelly. -- and karen and jim and kelly. i feel like i am in class when i listen to jim. commissioner sullivan, thinking long term, echoing the conclusion of the report, is duly noted. i think we obviously have had a lot of conversations about identifying sustainable funding sources, but a subset of that, i think we need to come up with a strategy to figure out how to improve the work we need to do on this front. it is a concept that a lot of things come before this commission that are divisive. protecting our trees is not. i think if we take that sort of consensus opinion and figure out how to translate that into a policy idea, to dedicate funding for that purpose, i think we could actually take a very significant step in that direction. so i will do it to things, not remove the trap -- not remove the taxgs, and i will be thinkig about what this team how we can comeback with a strategy for augmenting our resources in this area. >> i think the good news is in the last fund, the first time, the city of san francisco wa

gm says that all affected owner also receive a postcard telling them to take their car to a dealer for repairs. >>> there is a developing news story in east bay. police are investigating a shooting incident near a ball. and on a lighter note. it was day due for looking for their chance in san francisco and they are looking for a clans to appear on american idol. >>> taking a live look at the big board. some positive news for retailers. the heaviest trading is among tech stocks. the dow is up 21 at 10427 and the nasdaq is up 8. >>> we are learning more details on what led to the resignation of former hewlett packard mark hurd. jody fisher claimed that her contract with hewlett packard slowed after she denied his sexual advances. h p found no evidence that he orred the slowdown of the contracts. but he resigned after h p found him guilty offalsifying some records. >>> by the number of shell casings, several shots were fired near a mall. a woman was shot. no word on her condition or if anyone has been arrested. >>> a marin county resident could face severe penalties for allegedly cutting

the government owns about 61% of gm's which a gun exchange for giving the company $50 billion in aid. they are expected to raise 15 to $20 billion that will partially repaid the government. >>> the note to wall street were a positive outlook from several high-profile retailers kept the market steady. trading volume was light and the nasdaq takes up six-point. >>> a new poll indicates a majority of americans did not approve the way that the president is handling the economy. he has the lowest ever ratings on economic issues. 41% say they approve while 56% say they do not like the job he's doing pretty 61% says the economy has gotten worse. the poll also indicates the president's overall approval rating will remain steady at 49%. >>> the summer weather is changing the winemaking landscape. they say they have to use some special equipment to ensure a decent harvest even though it will be late. >> reporter: the first harvest is still a few weeks away but these workers are lopping off. >> and all the same it is a technique that eight used for a growing season about 10 degrees cooler than n

they currently own 61% of gm. >>> the nation's so-called food police are asking if ben benben & ben & jerry's is making false claims about its products. the center for science says 48 of ben & jerry's 53 flavors of all natural ice cream actually contain unnatural ingredients. the company is now being threatened with lawsuits unless it stops making its claim of being all natural. >> still want to eat it? >> i think so. >>> all right. the super bowl champs open preseason play and highlights from espn coming up. >>> a surfer knew something was lurking beneath so he grabbed a camera to see just what it was. ababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababababab

the bailout of gm worked. gm is in profits and we're going, american taxpayer will make a profit with interest now. that's not a good thing? the stimulus is working it created jobs. >> larry: george bush favored it, did he not? george bush started the stimulus. >> george bush started the stimulus and t.a.r.p. >> exactly right. >> larry: would you have opposed the iraq war spending? >> no. look, if you are asking me to go all the way back to there, i was ambivalent about going into iraq. >> larry: let's take the future, war spending. >> once weep we were in iraq we to win. >> larry: that means -- >> what does win mean? >> win means that very, very bad human beings called islamists or islamic terrorists cannot take over that country once we have tried to get rid of that type of human being. winning is not a difficult concept. >> is that our job to get rid of islamists everywhere? saddam hussein had nothing to do with 9/11, had no weapons of mass destruction, is it our job to get rid of islamists everywhere, goin

. >> gm saying strong public interest has prompted to boost production of the volt. they will have a production ability for 45,000 vehicle its in 2012. that's up from previous plans for 30,000. they also increased the markets in which the car will be sold from three to seven which includes california. dealers started taking order this week. it's priced at about $41,000 and can go 340 miles on a single battery charge. ? it's official. chelsea clinton is now married. she married her long time boyfriend along the hudson river. the former president and his wife released a state helicopter saying they watched her get married with great pride and overwhelming emotions. the build up had watchers flocking to the small village. more than 400 guests reportedly attended the evening ceremony and among them the former secretary of state. officials say the area will remain a no fly zone until 3:30 tomorrow morning. >> basketball legend on the hard court in san francisco today. how he and other volunteers helped young kids perfect their game. . >>> george the iceman, the nba hall o

. >>> keep an eye on gm today as the once beleaguered automaker will likely file what's expected to be one of the largest ipos ever. general motors is expected to raise between $15 billion and $20 billion from the stock offering. >>> and, finally, despite the tempting bait, you'd have to be a fool to fall for this one. a billionaire in england is offering $1 million to anyone stupid enough to strip naked in front of president obama while shouting the name of his website and sporting it on their bare chest. sadly i have a feeling someone is stupid enough to do something like that. let's hope not. >>> well, a brave comeback, johnny damon returns to new york, and strikeouts don't always mean wins. >>> plus, both nfl teams from new york start preseason off with a nasty head-to-head battle. your early morning sports headlines are straight ahead. >>> our weather high lights on this tuesday, our heat wave continues in texas and tropical downpours in the gulf coast. your regional forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early to

sources close to the company says the timing depends spiral on gm and not the underwriting banks. in slightly more than a year they have gone from bankruptcy to what is said to be one of the biggest stock offerings ever. it is expected to raise between 15 and 20 billion dollars and stock sales are likely to start before thanksgiving. >> 5:19. >>> popular talk show host dr. laura plans to give up her radio show pat the end of this year. she last week apologized for repeatedly using the n word on the air while talking to one of her callers, says she is not retiring. she is the focus of a controversy, though. instead she says she will regain her first amendment rights when her contract expires in december. >> right now 5:20. up next a new controversy has erupted in a local city council race. police are deciding whether or not to get involved. the details ahead. >> a disturbing new trend in teenagers and their hearing abilities. >> good morning. 237 westbound looks okay. i will tell you why you might want to actually use this highway instead of staying on 880 coming up. >>> good morni

our sister network, cnbc, also reports gm is lining up a $5 billion safety net from several major banks. >>> prudential financial is under fire for allegedly failing to pay out life insurance policies to families of fallen soldiers, sending its shares 4% lower. >>> macy's was a rare bright spot yesterday, ticking higher, thanks to upbeat second-quarter earnings. >>> tivo subscribers who get their cable from cox communications will soon have easier access to digital on-demand content thanks to a new partnership between the two companies. >>> and, finally, a surprising new trend at cemeteries. due to the recent rise in the number of cremations, graveyard owners are opening their gates to lively parties to attract future customers, including summer concerts, securities and exchanger scavenger hunts and even weddings. >>> well, the red sox bopped the jays, the angels smacked the royals, and the braves slammed the astros. >>> plus, the diamondbacks rack up a record for round-trippers. your early morning sports headlines are straight ahead. >>> dangerous heat continues in the hartland, and fi

if regulators approve the ipo, the federal government could start selling 61% of gm it acquired during the auto industry bailout. >>> american airlines is joining several other airlines with a new fee. the carrier announced it will charge $19 to $39 for passengers to sit what it is calling express seats. those are the first rows of the coach section. the additional fee will put passengers in the first boarding group. several other airlines also charge extra fees for special seats. >>> pizza hut is telling customers they can get more for their money. the company is introducing a new promotion this week, saying prices will be cut by as much as half. the company introduced another promotion in february and said profits went up. >> $8 for a medium. $10 for large. not bad. >>> coming up next on this thursday morning, the nation's pest problem. so bad, the pentagon is now getting involved. bedbugs, now spreading to public places like movie theaters. >>> and fans watching spain's national pastime have to run for their lives. >>> they're still picking up the pieces near phoenix, after getting

. >>> also tonight, gm turns the corner, but the man in charge is leaving. >> busted. a dramatic story about how police caught an accused serial killer in the nick of time, but not before stabbings in several states. >>> extreme weather across the nation. heat, humidity and a storm so severe you could hardly see that famous house. >>> taking the hit. how some schools are tackling one of the biggest risks on the football field. >>> and small wonder. ♪ >> introducing that little girl with the very big voice. >> introducing that little girl with the very big voice. "nightly news" begins now. captions paid for by nbc-universal television >>> good evening. i'm ann curry, in for brian williams, as yet more numbers on the economy came out today that help explain why so many americans feel this recovery is not all it's cracked up to be. for example, we learned that the number of people who asked for unemployment benefits for the first time rose significantly last week, surprising economists who expected that number to drop. but at the same time, one of america's biggest corp

. >> reporter: in detroit, he defended the bailout of gm and chrysler which are now adding workers to keep up with demand. he's reframing the old fights on health care reform, national security and the economy. >> the fact is the president's policies are killing job creation in america, killing our economy and the american people know it. >> reporter: congressional republicans are turning up the heat as they head home for their summer break. >> the elections were today, we'd certainly have a good day. but it's a long way until november. >> reporter: president obama, a little more than three months left to make the grade. the president says he sometimes feels like he doesn't get enough credit for what he's accomplished. but he concedes that goes along with the job. in washington, brian mooar, nbc bay area news. >>> the monsoon rains are easing in northwest pakistan where floods have killed more than a thousand people. entire villages were washed away during a week of flooding. the official death toll is now 1,100 people. rescuers are working to reach some 27,000 people who are still tr

he is going to be out -- he is doing the gm and chrysler plants, the ford plant, and at the same time, he's doing intense political trouble, raising money, including his own party in chicago where $30,000 to say happy birthday to the president . >> that comes with the turf. but he has things to talk about. he has this health-care bill, he has the financial reforms, he can talk about how they saved the auto industry, and iran, a possible successful policy there, as somebody alleged on this panel. >> wasn't that nice of him? >> i think it was a lovely gesture. i am not sure how to respond. look, but he has got a problem. he has had remarkable accomplishments ideologically and, if you want, historically paid health care is going to change our country unless it is repealed, which i don't think it is going to be. financial reform, a trillion- dollar stimulus. the problem is that today, the electorate is not happy with any of those three. financial reform is probably negative, but health care is -- financial reform is probably neutral, but health care is negative and the stimulus is positiv

we have gm thriving and we have wall street doing fine. the benefits have not made it down to ordinary people. he needs more time for that. >> five seconds. when will his recovery kick in? >> i don't believe you can predict that sort of thing. we are >>> predictions, pat. >> fitzgerald should not retry blago, but he will. >> newly released corporate money and money raised by outside groups are going to give the republicans a huge fund raising advantage going into the november elections. >> david. >> in kentucky, the democrats recalling ran paul an extremist. in the end, voters will be more scared of a democrat. >> in kentucky? >> in kentucky. >>> the high unemployment numbers are going to put pressure on the service members in america and get their pensions reduced and the long- term costs of those people off the books of this. >> prediction, rod blagojevich will walk. bye bye.

gm and ford by 20%...chrysler 30% and toyota by an undisclosed amount. tv ratings are down almost 20% on 2005's high water mark and attendances have fallen for four successive years. >>wolfe: when you look at most sports attendance is off a bit...with so many opportunities available for consumers to watch on television, television is down a little bit, but not more so than any other major sport. 12 >>giangola: we're seeing a slight softness in attendance. declines are in the single digits. 6 >>reporter: meanwhile teams, which need to rustle up around $20m a year to be competitive, have found the sponsorship money that makes up about 3/4 of their income, harder to come by. >>stewart: instead of necessarily having a 38 race season where they have one particular sponsor for 38 races. some of them now will sell a sponsorship for 20 races, and then another for 10, and thenanother for 8. >>reporter: over the last decade, nascar has been the fastest growing sport in the usa. in 2005 it signed an 8-year, $4.5b broadcast contract. but now it may have to work a li

(applause) (applause) (cheering) so i tell you what, last friday i stood with workers at a gm plant i said was workers at a chrysler plant. today i'm sitting with workers at (applause) a ford plant icon and my money on the american workers. i place my bets on the american worker any day of the week. and because of your efforts and sacrifices that been made across this industry over the past year this industry is growing stronger. it is creating new jobs, it is my new russia and the flow of vision cars, trucks will carry america towards an entry in the dependent future. each and everyone of you is proving the naysayers wrong. >> all three automakers of three u.s. automakers are now operating at a profit that is the first time this happened in six years. (applause) (applause) america's automakers have added 55,000 jobs since last june. that is the best jobs growth and more than 10 years in this industry. sales have rebounded, although makers are keeping plants open their uterus summer slowdowns, to keep up with demand. across the supply chain plans that would not exist without the sun r

the company filed papers for its ipo this week, which would allow gm to become a public company again, rather than a ward of the state. it is mou profitable. the treasury department which owns 61% of the companies expected to sell enough shares after the ipo to bring its ownership to less than 50%. the ipo is expected to raise at least $10 billion. >>>. >>> the dow industrial broke its losing streak rising triple digits, but it was hammered again on disappointing economic news. the dow fell again on friday. chip maker intel acquiring mcafee for more than $7 billion, and bhp billiton, the mining company, is making a hostile bid for potash for $39 billion. that's a bet that demand for fertilizer will rise in developing countries. >>> we're at the tail end of earnings season with companies reporting profits. wal-mart beat analyst expectations. hewlett-packard met its preannounced expectation. >>> the corporate news remained fairly strong. the economic news in general has want been, so how do we get out of the malaise? joining us now is laura tyson, and member of president obama's economi