disappointing numbers for chevron. they were down 3% on their net income for the last three months of 2011 mainly because the refineries struggle to pass on the cost of higher crude. chevron made almost $27 billion. >>darya: 6:40 a.m., we want to get a look at the weather. >>james: widespread dense fog. we will talk about that in detail. this afternoon, partly cloudy and mostly sunny skies. temperatures in the mid '60s grief for this evening, temperatures should drop down into the 40's and '30's here expect the chilly night tonight. this morning the heart of the fog is right over top of the center of debate. what we're missing our big areas of read. slowly but surely the fog is breaking up and beginning to fizzle out as we head towards the heart of the morning commute. this afternoon, temperatures are going to be right around the mid-60s. across the north bay temperatures ranging from 62 and warming up for 67 in santa rosa. half will are looking for saturday to get up to 73 in a couple of spots. next week, filed as wel

chevron made over $5 billion of the final three months of 2011 and for the year of 2011, chevron made 26.9 billion. that is over $13 a share. ford has reported its largest gain in more a decade. it was mainly due to an accounting change. the company said it made more than 13 billion in of its fourth quarter but it came from a link thick stack million dollars to retire tax credits and other assets. >>darya: we will be back with more in a couple of minutes. here is a live look at the bay bridge. a lot of sunshine it looks like it is moving along. we will be back with any hot spots that you might need to steer a round and get a good look at the weather. >>darya: here is a look at the big stories we are falling throughout the morning. we started with very thick fog this morning. there is still some fog to clear before we expect sunny skies 51 weekend. the search is on for a suspect in berkeley after that city had its first homicide of the year. there is an assault investigation going on, they're looking for who ever was groping women and san jose state in one of the dormitories. first the

disappointing earnings from chevron. we did come off the lows of the day, however, following the "wall street journal's" report that facebook could file for an ipo as early as wednesday. coming up, we've got all the angles on the facebook ipo covered including whether valuation as much as $100 billion is justified. and the ripple effect that could be felt across other social media stocks. we'll get the outlook for the eurozone and impact of potential greek default, what it could do to europe. and jean-claude trichet, and wolfgang schauble and olli rehn. >> the nasdaq is inching higher. fortunately we're above 1300 on the s&p 500. mary thompson is our eye on the floor of the new york stock exchange. we've been above the 1300 on the s&p all week. that is positive. >> we're closing above 1315 for the week, meaning it finished the week in the green. so it's up for the fourth straight week as well. we'll take it. again, a mixed day in the headlines. gdp weaker than expected. earnings were mixed. then we got the facebook news

chevron failed to make a public apology. the oil giant has slammed the decision saying it is further evidence of corruption in ecuador's court system and it will not comply with the ruling. 2011 was a bad year for natural disasters. it was the costliest year on record for the global insurance industry. the most expensive disaster was the earthquake and tsunami in japan in march that caused losses of 27 billion euros. coming in second, the new zealand earthquake. overall the year for a whole had damages of 81 billion euros, topping a previous records from 2005. >> northern europe is being battered by powerful storms disrupting rail and sea travel. coastal regions in northern germany saw winds of over 100 kilometers an hour and forecasters say the worst is yet to come. it could be two more days to for the storm passes. now he is 3 meters long and it looks like a dolphin, but he gives the game away as soon as he opens his mouth. it is the new type of ichthyosaurus identified in germany. take a look at this giant reptile that li

chevron stocks fell about 2.5% today. the worse single loss among the blue chips. >>> the dow dropped 74 points while nasdaq rose 11 points. >>> floods last march badly damaged the pacific cover mobile home park. city officials say the park must be closed down. yesterday the capitola city council narrowly approved a plan to compensate residents who must relocate. >>> california water officials unveiled a new central valley flood management plan today. they say it's the most comprehensive flood plan the state has ever seen. the details were released today in sacramento. the plan connects a series of unrelated floodplains to create a flood protection network. officials say it will help the environment too. >> getting ecosystems out there. that's where the ground water benefit comes through. by doing this this relieves some of the pressure on the water supply system. >>> the system will strengthen levies and allows storage of water underground. >>> a dose of fog this morning slowed down some at the airport. slowed some on th

a court judge ratified landmark decision against energy giant chevron yesterday. now, lawyers representing 30,000 people and farmers say they will begin trying to collect on the $18 billion award. chevron was found guilty of wide spread oil contamination in ecuador's rain forest. >> and a lot more to get to at ak. coming up, findings on gestational diabetes and the harm it may cause the baby. >> a different type of scandal rocks the catholic church. a secret a bishop was hiding that cost him his job. >> i'm sandhya patel. warmth today and spring like and here is a beautiful view of the setting sun. i'll be back to let you know if we'll see a repeat performance, kooum and a warning for anyone using social media when making investments. stay with us. [ male announcer ] get ready for some deli-style delic-ious-ity: the subway big hot pastrami melt. dive into piled-high pastrami, spicy mustard, pickles and melt-a-licious cheese. treat your taste buds to a fresh toasted subway big hot pastrami melt. subway. eat fresh. >>> a san francisco man in custody for illegally po

that is below the forecast but for the year chevron earned $27 billion up 23% from 2010. >>> the state air source board gave a green light today. they approved rules at a meeting. air reg haters say it develops cleaner more efficient cars and reduce air pollution. 1 in seven cars sold in the state by 2025 must have 0 emissions. it requires a reduction and smog forming pollutants. oughto makers, including ford, chrysler, gm testified in support of the standards. >>> the officials came to san francisco today to launch a new partnership. the eco center at the city's bay view district is joining with san francisco college for a new course in sustainability. there are jobs available at every level. >> doing maintenance, rain gardens that are in the ground, clean the storm water, and there are sophisticated jobs for engineers, architects, designing the projects t. demonstrates waste water recycling through wet lands. it was built with federal stimulus funds. >>> one day after a g.o.p. battle. and there is no sign of two of them. >>> the marina is foggy this morning and what you don't see is

we'll get data on earnings from chevron, ford and procter & gamble. the dow finished off down 22 points yesterday at 12,734, the nasdaq lost 13 to 2805. mortgage rates rose, the first time in a month. freddie mac says the average rate on a 30-year fixed mortgage rose to 3.98%. that's still historically low but up from a record of 3.88%. rates tend to track the yield on the 10-year note. that's what you should watch. this week the 10-year rate fell below 2%. and ben bernanke has time to moonlight. he is going to teach classes at george washington's business school. the classes will be live on the internet. bernanke has a history on campus, he is a well known professor, he taught grad school at stanford and chaired the economics department. his term as fed chairman ends in 2014 and it's possible that he could return to academia. that's it for now. not bad, getting the federal reserve chair to teach you thou fed works. >> 4:46 now. it's a feel good friday. some fog and great weather. >> we do. we have great opportunities to get outdoors so saturday and s

. >> tom: you have an pick for us, chevron and cvx a yield at 3%. what do you expect? >> a stock trading eight times earnings. we expect oil prices to remain elevated as supply constraints continue to wreak havoc and geopolitical concerns and a merging market demand isn't deminnishing it should be a profitable and you get a nice coupon from chevron while you wait. >> tom: and the swiss drug giant. give us 30 seconds on this. >> a swiss-based company. we like them in terms of the demographics and think many of the companies in the pharmaceutica pharmaceuticafarm suit pharmaceutical company give you better protection and a handsome dividend yield. >> tom: one more pick the new one, financials. your dipping your toe into the much maligned financials here. not much of a yield play for this one is it? >> not much of a yield and we know it's been a problem for some financial institution has it asked the government to raise or begin a dividend yield and there's little lob on the part of other strategists on wall street and many companies are selling at 30 to 70% of book value

this item before to is a 20-year lease between the sfpuc and chevron for an existing pipeline. location is on the overhead near the san antonio reservoir with an alameda county. it is 5.4 miles of pipeline ranging in the whip of 20 feet to 40 feet, covering a total acreage of 11 acres. it is located to the north of the reservoir, south of 680. as i mentioned, a 20-year term lease. the lease has annual cpi in flavors, as well as a reset to fair market rental value every five years during the 20-year term. this pipeline has been on the property since 1967. . as part of litigation matters that were resolved in 2001, there was a slight change made to the path of the pipelines that then led to this lease agreement before you today. i am showing on the overhead and outlined area here, crosshatched, that will be abandoned in place. the new pipeline slightly above that. this particular lease provision, although the lease rate at 12,005 color dollars a year seems low, as you can see, -- $12,500 a year seems low, as you can see, this is san francisco. appraisal data suggests the fair mar

. >>> san ramon based chevron says profits in the previous quarter fell 3% as the company dealt with higher costs and lower production. our tv show press here often sponsored by chevron. >>> the latest gdp numbers show the american economy picking up steam. you project for the year 2.8%. slower than average but if you look back over the last 50 years it is growth, slower, but growth. back to you. >>> new at 11:00, take a close look at this. a bridge in southwestern kentucky torn apart after a cargo ship plowed right into it. this happened overnight. right now state officials inspecting what's left of the bridge. as you can see, yeah, pieces of the bridge stuck to the bow. traffic obviously closed on that bridge. the coast guard blocking boat access in the area. scary stuff. >> a miracle nobody was driving on the road when that happened. >> very, very lucky. >>> time to check the forecast. meteorologist christina loren the weekend is here. >> the weekend is upon us. you know what? take a look at this. there's no better way to kick off a weekend than conditions like this. gorgeous cali

shares of chevron lower now. did you buy something at a great sale price at williams and sonoma over the holidays? the retailer saying all the holiday discounts are eating into profits as you can see shares right now down as well. overall stocks pretty flat after a report showed weaker than expected december retail sales growth plus a jump this weekly unemployment claims. the dow and s&p and nasdaq all down across the board. your bloomberg silicon valley index higher bucking that trend. last time you were late what tell your boss? new career builder.com study says cat hiccups, disgruntled roommate and phone call from the governor are among the excuses people are giving for being late. 16% report being late for work at least once a week. >> you gotta get gas, we'll keep coming up with them. >> kidnapped by aliens. i've used it four times this week. >> and we noticed it. >> 6:47 now. >>> numbers released just this morning show president obama has raised more than 68 million dollars for his reelection and the democr

chevron blames refining losses which undercut gains. >>> there's more trouble for chevron over a leaky oil well in brazil. investigators say chevron acted in a careless and irresponsible way. almost 2,500-barrels of oil have leaked into the coast of rio de janeiro. >>> a series of minor earthquakes rattled sonoma county last night. a 3.2 earthquake hit at 9:00 p.m. as many as nine smaller quaker shook the same region throughout the night. >>> three people are recovering tonight after being rescued from a capsized boat off the coast of san francisco. as we first showed you on the 10:00 news last night. the small boat capsized off ocean beach throwing three people aboard into the chilly waters. people passing by on the beach helped emergency crews pull the victims to safety. one boater was given cpr at the scene and all three of them were given to ucsf medical center. >> you can't tell by looking outside. but it was a morning of stubborn fog. caltrans turned on freeway signs to warn drivers to be careful especially those on bridges. incoming flights had to use instrument landing systems

at the bottom, chevron. cisco, travelers, down also. boeing down about 1%. let's talk specifically about chevron. it's a very interesting story. they warned on profits. that wasn't a shock. they actually lost money on the downstream business. the stronger dollar in the quarter had a negative impact down 2 1/3%. epsb, revenue was okay. the guidance disappointed. but the company basically wants investors to hang in there. because they expect the back half of 2012 to be strong. it's down three-quarters of 1% right now. let's start with rubbermaid. solid numbers. eastman chemical is another dynamic story. the eps was a miss. good guidance. plus the street absolutely loves their acquisition of solution. that stock up 6%. then i want to point to knit flix. it's another 4.5% today. 75% year-to-date. those are incredible numbers. on the flip side, sharp, devry, we'll see what happens with them. ford, down close to 4% today. we discussed this a lot. earnings missed mainly on input costs. the guidance on top of that. they are down big for the day. that's it from the r

oil giant chevron fell 2.5%. volume picked up with shares dropping to a five week low. chevron's fourth quarter lost some power, coming in short of expectations thanks to losses in its refining business. that loss overshadowed a big new oil and natural gas reserves. procter and gamble's latest quarterly earnings were two cents better than anticipated. it expects its profits to improve as the year wears on thanks to easier comparisons of commodity costs. but p&g cut its earnings forecast, blaming a stronger dollar. shares dropped three quarters of 1%. not a big drop, but it push shares down to their lowest close since december first. we saw a muti-billion dollar merger today. this one in the chemicals industry with an eye on improving auto and consumer electronics business. eastman chemical will buy solutia for just over $3 billion. it's a stock and cash deal at $27.65 per share. solutia rallied more than 41% and eastman chemical jumped seven. finally tonight, we're all seeing prices at the pump creep higher. gasoline futures are at their highest prince since august. con

as we reported last night, chevron warned its fourth- quarter results will be substantially less than the third quarter. but it's been the big cool-off in natural gas prices that has put pressure on energy drillers and contractors. first, here's natural gas futures-- only last week they were above $3. a year ago, they were over $5, tonight at 2.75, prices have cratered with a warm winter so far, and record high nat gas supplies. an energy analyst with simmons and company thinks prices will go below $2 this year. they're at a 28-month low tonight. companies drilling for nat gas are dropping. helmerich payne down 4.5%. baker hughes and nabors down about 4% each. the price drop has also hit natural gas producers. w.p.x. energy, cabot and e.q.t. all dropped to multi-week lows on heavier-than-usual volume today. we saw the uninspiring december retail sales figure earlier-- up just 0.1% in december. we saw some mixed action with retail stocks. higher-end retailer williams- sonoma cuts its guidance after looking through its holiday receipts and seeing more discounting than expected. so that

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and they will try to confiscate chevron's assets and freeze its international accounts. no comment from chevron. >>> 2 a 11 was the -- 2011 was the costliest years for disasters, $380 billion. the japanese earthquake and tsunami accounts for $210 billion. the thailand floods cost and estimated $40 billion damage. >>> >>> it's still winter but the obama administration is trying to get a jumpstart on the summer job market. the white house says it has commitments from employers to hire 180,000 teenagers this summer. however, the newspaper is reporting that only 70,000 of those positions are actually paid ones. the rest are training programs geared to teach teenagers the skills they will need in the workforce. >>> 7:47. round 2 of the republican race for president is now less than a week away. the candidates have focused on the new hampshire primary next tuesday. most of the polls show mitt romney way ahead of his rivals in new hampshire. but rick santorum supporters are predicting another come- from-behind. both romney and santorum directed their toughest attacks at preside

chevron could be heading back ÷l1' case. they won 9. $5 billion and they say they will try to collect billions more through courts and other countries. they will also attempt to confiscate company assets and freeze their accounts, chevron is not commenting. >>> they are still investigating the reno airways accident, the one that killed 11 people. organizers are telling us about plans for this year's event including attribute to the victims. >>> how local weather affecting cattle ranchers and what could it mean for beef and prices? x(n]Ñ 'íç ;g2g your bay area weather. [people chatting] everyone, it's $37 a piece. paying with your smart phone instead of cash. that's a step forward. with chase person-to-person quickpay, you can send money directly to your friend's checking account. all you need is their email address or mobile number. don't worry honey, i'll show you. thanks everyone. so take a step forward... and chase what matters. that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brow

chevron disappointing. i assume it's because input costs are also rising and they can't pass it on. >> that's right, brian. sort of the bane of the integrated model. you sort of hope to make it up in the different segments. they were hoping to make it up on oil production as you say but they've had problems most notably in brazil. that also impacts refinery operations, profits get squeezed because they haven't been able to pass along necessarily the higher costs of diesel and gasoline to us as quickly as they'd like because, a, gasoline demand is down, and there's been resistance at the pump. >> and they've been shutting down some refineries. some are trying to be sold. some are just shuttered. where do you see this thing going here? are they going to be able to -- i assume they're trying to drive the price of gasoline higher. do you think they're going to be able to do that? >> very much so. i think this is going to become a big issue here in the spring and summer. u.s. refineries running about 82% of capa

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tiger won the chevron classic last december. looking sharp here. tiger punting from 40 feet out. look at that. tiger would also birdie the next hole. then here on thurm four, trouble for tiger. not bad. meanwhile, robert entered the final round was solid. birdie putt here on 14. then on 18. taps in and wins the championship by one stroke at 3 13. >> the wriz ards finally won their first road game of the season. the wizards prevailed, beating the bobcats to improve their road record to 1-8. get excited. one thing, we know things are bad in washington but here is how bad they are in charlotte. shoots an air ball. see it again. this is not even close. that's embarrassing. >> sure. >> what? the guy is like 6'10". >> he didn't make the -- hits the sweet hook shot. finished with a team high. 22 points. the wizards hang on to win it. their first road win since april. the wizards have now won two out of three. >> if they can win tomorrow that would be great. one college hoops score. 54-36 is the final. tonight at 11 stha will have the pro pole, the all star game and super bowl. >> a lot

. >> chevron dice que las pruebas en perú son fraudulentas, acudirán acordes en otros países para pagar la indemnización. - hembras y la tecnología mantiene muchos conectados a las empresas constantemente y la presidente de brasil aprobó una ley que permitiría que los empleados que respondan correos electrónicos de trabajo en sus casas reciban pagos de la tiempo. - encontraron dos cuerpos más en el costa concordia, con estos son 15 las personas fallecidas en el accidente y otras 17 continúan desaparecidas. - millones de chinos coreanos y vietnamitas recibieron el año nuevo lunar, el año del dragón. ese animal es un símbolo considerado beneficioso y prometedor. >> sulema: vamos a otra pausa y en breve regresamos con enlace legal. >> sulema: hay un dicho muy conocido en estados unidos que dice que lo único seguro es que un día morirás y hasta que llegue diferida pagaras impuestos. si usted es inmigrante no autorizado también. tenemos los detalles en enlace legal. >> reportero: bienvenidos a enlace legal y holaciudad.com toda persona que vive en estados unidos de forma ilega

chevron is warning their second quarter will be significantly lower than third quarter. they are working on refining fuels and it will roughly break even. chevron is also scheduled to report earnings in two weeks. >>> pam, now 5:21, butler describes being rescued from the waters during a movie shoot. >> suddenly, waves came out of nowhere. >> reporter: he said the reports were not an action and racing. -- an exaggeration. >>> students will be disappointed when they return to class... >> southbound 101 traffic is looking good, we will tell you more about the morning commute and we will have another check of your forecast, stay tuned for more. -dad, why are you getting that? -that's my cereal. is there a prize in there? oh, there's a prize, all right. is it a robot? no. is it a jet plane? nope. is it a dinosaur? [ laughs ] [ male announcer ] inside every box of heart healthy cheerios are those great tasting little o's made from carefully selected oats that can help lower cholesterol. stickers? uh-uh. a superhero? ♪ kinda. [ male announcer ] and we think that's the best p

. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller. over the last three years we've put nearly 100 million dollars into american education. that's thousands of kids learning to love science. ♪ isn't that cool? and that's pretty cool. ♪ ♪ [ laughs ] ♪ ♪ i have a cold. and i took nyquil but i'm still stubbed up. [ male announcer ] sorry, buddy. truth is, nyquil doesn't un-stuff your nose. what? [ male announcer ] it doesn't have a decongestant. really? [ male announcer ] you need a more complete cold formula, like alka-seltzer plus liquid gels. it's specially formulated to fight your worst cold symptoms, plus relieve your stuffy nose. [ deep breath ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] and to fight your allergy symptoms fast, try new alka-seltzer plus allergy. ♪ >>> so ron paul, you were defending ron paul just now and particularly first let's talk about the foreign policy temperature. there's a lot of views that ron p

on the earnings front, oil giant chevron down 2%. home builder lennar shares up 7%. crocks pushed shares of the the popular footwear maker up 16%. supervalu dropped 12% after missing its earnings estimates. urban outfitters plunged on the unexpected gat tour of its coo. hostess is filing for bankruptcy protection the second time in a decade as they try to find its footing in a increasingly health conscious market. >>> a survey shows surprisingly robust american spending and factory production at the end of 2011. japan's finance minister told timothy geithner his country will take steps to create dependency on iranian oil imports. after trace amounts of a potentially harmful fungicide was found in orange juice. >>> buffett tells "time" magazine he will match you will republican members of congress dollar-for-dollar. he'll even go 3 for 1 with mcconnell himself. >>> the mavs and the shamrocks down to the wire in a big decision to go pro. blake griffin and the clippers challenge the rich guys from miami. your early morning sports headlines are straight ahead. >>> your f

chevron warned on fourth quarter profits. corn futures plunged. wheat futures tumbled. >>> stocks tripped up early on data. december retail sales rose at the weakest pace in seven months. first time jobless claims moved higher last week mainly due to holiday temp layoffs. win resorts fell on news its vice chairman sued the company for blocking his view of business accounts. >>> home depot will hire 70,000 seasonal workers for the spring and food lion says it will close 113 locations in belgium and cut almost 5,000 jobs. slot machine maker international game technology confirms -- today, traders will watch early for the first big banker jpmorgan chase. bed bath & beyond are recalling metal tissue holders sold in more than 20 states contaminated with low levels of. >>> upset in college hoops. what is supposed to be a rosy year for the new york knicks keep getting dining room and dining room. your "early" morning sports headlines are straight ahead. >>> now that winter has arrived we are waiting on more lake-effect snows. your forecast is coming up.

. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller. over the last three years we've put nearly 100 million dollars into american education. that's thousands of kids learning to love science. ♪ isn't that cool? and that's pretty cool. ♪ >>> i recognize i got a family out there that really needs me, been spending a lot of time away from me. can't say i've always been the best for them. matter of fact, their lives probably would have been a lot better without me in it. >> the wabash valley correctional facility is isolated among miles of corn and soybean fields in southwestern indiana. some of the state's most violent inmates are housed here, and they've been known to hurt each other. james stone has been in prison for the past 25 years for attempted murder, and he's had more than a few scrapes in that time. while some inmates have been known to create knives out of toothbrushes or anything else, several years ago when stone was at another prison, he devised another more unique