of blackstone you may not know anything about blackstone but you can tell it sounds ominous anyway right it doesn't like the name the name feels like when i was eight years old and first heard guns and roses welcome to the jungle i didn't know who the singer was singing was or why he so desperately wanted me to. but. i could just tell something was not good you know something's off about this fella blackstone is the private equity version of that and. they just really want america to believe that. this private equity giant with donald trump's help is buying up the u.s. infrastructure while our mainstream media and the democratic party freak out over mccarthyism two point zero other nations and corporations are taking over our country but they're not doing it with spies or voting machines they're doing it by simply buying up. are. like. the emperor's drugs or the laws in the resources the burger kings in the breweries the cheesecake factories and the factories where they make the cheesecake factory cheesecakes. abidal we are a country up for sale then you know why you gotta admire these a

but go back to blackstone, blackstone is hitting the cover off the ball it's nice to have that pipeline directly to the present, but a couple of hedge fund launches they've had, some very, very noticeable hedge fund launches have been disasters. they launched a multi-management product last year. it was down, i forget, teens the first year, teens the second fo. so the private equity cycle has been a little delayed. m&a activity has been a little slow >> but they're also huge in secondaries. >> it's -- >> the management is incredible. and you know, i've been always really big on it it's why i love j.p. when you have someone strong at the helm sitting that vision it, takes the firm you need to go. >> you can buy the others, too >> i want to go to another sector, which may be perceived these days as a value sector, oil stocks that sector has now seen six straight months of losses. that is the worst first half of the year ever, down 14% this year so i'm going to start off here show of hands, who would buy xle right now? none >> probably the reason to buy it, though >> if you're going to --

eastern time, randall stephenson will be joining us then at 7:30, blackstone's ceo steve schwarzman at 8:00, steny hoyer at 8:30, kevin bdyra "squawk box" will be right back. but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies lead with digital. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >>> welcome back millionaires are more politically divided than ever but are not mixing politics with investi investing. robert frank is here with more. >> reporter: more than age, gender, geography your political level shapes your t

blackstone is reportedly ready to sell the landmark with other properties and the deal will triple blackstone's $3.8 billion equity investment, reportedly. >>> let's take a look at the big board. the dow was down about 67 points and we will be right back. the divine miss m finally gets her due from broadway.... >>> today's tip is for drilling time. we are grilling yellow sweet onions. let me tell you why they are so great. the sugar is already in there. you cut them about one quarter inch and put them on the grill. you can make a hamburger put it on a salad. it brings out the flavor and caramelized as it and it is wonderful. the outer skin is trim and keep them heavy for the size. store them in a cool and dry place and shelf life is not as long as a regular yellow onion because there is more sugar. the more sugar produce has, the lower the shelf life. there you go, yellow onions on the grill are great. eat fresh and stay healthy. >>> the divine ms. m gets her due from broadway. last night was a 71st annual tony awards and pat midler was working the great white way for more than 50 years. last n

john blackstone is there. >> reporter: the street outside the ups distribution center filled with many of the building's 350 workers in the minutes after the shooting started. >> possible active shooter. >> reporter: drivers were gathering for a morning meeting when a ups employee with an assault pistol opened fire. marvin calderon had just finished loading his truck. >> i was scream, "get out, get out, go, go, go." everybody started running. >> reporter: as workers rushed out, san francisco police officers rushed in. deputy chief tony chaplain. >> one contact team located the suspect, who was still armed with an assault pistol. the suspect put the gun to his head and discharged the weapon. >> reporter: before killing himself, the gunman shot five ups employees, three of them are dead. san francisco mayor ed lee praised ups workers. >> they're happy, hard-working people, and we know them. we know them in every single neighborhood of the city. >> reporter: the white ups building back here remains a crime scene. police have not released names of the victims or the shooter, but they belie

john blackstone reports on the ongoing threat as engineers work on ways to clear it. [ pause ] [ no audio ] >> reporter: the gash on the hillside is more than a third of a mile wide tumbling into the ocean and there's more waiting to come down. >> are we walking on a potential slide? >> we are on an active landslide. >> reporter: caltrans engineer doug cook shows us where cracks in the land indicate this hill is slipping still. >> start small and and go big. >> reporter: the ongoing movement of the slide is measured by ground sensors like these and radar that continually scans the hillside. a usgs animation shows how more than a million tons of rock and earth came down, pushing some 15 acres of new land 600 feet into the sea. from here, this massive landslide stretches more than 1800 feet across, more than 1,000 feet high. and it's still moving. so unstable, engineers haven't yet figured out how to even begin rebuilding this road that clings to the coastline 150 feet above the ocean. >> it was cut in 80 years ago by hand. but it was cut through large masses of unstable ground. >> reporter

well, john blackstone met one baker who's dedicated to making bread that both tastes good and is good for you. >> i can help the next person in line. >> reporter: at san francisco's popular tartine bakery the smell of fresh bread can draw a crowd. >> as lock as i'm making bread there's always something new for me to learn. >> reporter: chad robertson, tartine's co-owner and chief bread baker is part of a movement to get americans to stop thinking about bread as a guilty pleasure by changing the way it's made. >> what most of this country's been eating is a really refined, you know, fast processed bread that just -- it doesn't have much flavor and it doesn't have much nutrition. >> reporter: to make better bread he uses something that for now is hard to find in america. freshly milled flower that is not stripped of grain's vital nutrients. >> milling fresh flour is just like grinding fresh coffee or fresh spices. it's a much stronger flavor and aroma. depending what grains we're using and what kind of bread we'll give you, we'll give you this very flavorful, really digestible highly nu

john blackstone, cbs news. >>> our top story this morning, opposition is growing in this country and overseas to president trump's decision to withdraw from the paris climate agreement. the leaders of germany, france, and italy condemn the move. president trump says his decision is a reassertion of america's sovereignty. >> this agreement is less about the climate and more about other countries gaining a financial advantage over the united states. >> some states and corporations say they will continue to honor the accord. >>> at least 36 people were suffocated by thick smoke when a gunman set fire at a casino in the philippines. the gunman opened fire but didn't shoot anything. manila police say it appears to be a botched robbery, not terrorism. the gunman killed himself. >>> coming up on "cbs this morning," look at how florida is fighting a highly contagious dog flew sweeping across the state. >>> plus we'll look at a device that's buzzing with an anti-iphone. >>> today we're learning how learning is cool. i'm with fifth graders at carver elementary school. ♪ every day we do our b

john blackstone is there. >> reporter: the dramatic stretch of california coast known as big sur is particularly scenic from the air, and right now, almost the only way to get there is by air. looking down here now, you can really see where the highway just hugs the edge. the single road into big sur, california's coast-hugging highway 1, is blocked to the north by a collapsed bridge and to the south by an enormous landslide. what were you thinking when you came out and saw this for the first time? >> oh, my god. plain and simple. >> reporter: doug cook is an engineer with state highway agency caltrans. when you're standing here trying to figure out how you connect this part of the road to that part road? >> that's the easy part. we have to stabilize the mounten side before we address the road issue. >> there's a gash in the hillside more than a third of a mile across and more than 1,000 feet high. highway 1 supports hundreds of tourist businesses, like the restaurant nepenthe, with spectacular views, but it's now almost empty, dropping from 1,000 customers a day to just a couple of dozen. the g

john blackstone is at the scene in santa ana, about 35 miles south of los angeles. >> 295, may day! may day! >> reporter: that frantic call was made just seconds before this cessna burst into flames, crashing on to a crowded southern california highway. >> the aircraft is on the freeway. >> reporter: the of kai hsien shot this video after seeing the plane wobble on approach to john wayne airport. it crashed right in front of her. >> the flames they shot up hundreds of feet in the air. there was so much smoke coming out, i smawt for sure everybody on the plane would have died. >> reporter: somehow both people on the plane survived. they had just taken off when the pilot radioed there was trouble. >> 297, i lost my right engine. i can make it back to the airport? >> reporter: he fell short. the runway was just a few few hundred feet from 405, the busiest freeway in the world. remarkably, nobody was hurt on the ground. >> i was struck by this cessna that spun around, saw flames all around us, checked my passenger, made sure he was okay. and gave each other a hug that we were-- that we

john blackstone, cbs news, san francisco. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >> ♪ >> ♪ >> hi, everyone, i'm jessica dean. >> and i'm ukee washington and we are here for our hour of power. we're in this fight against cancer. and you'll help us knock it out in this hour. we're in a big fight but we're going to win it. >> this is my favorite hour of the telethon, these are all hero families, families with direct connections to alex's lemonade stand foundation. and they're doing this in honor of and in memory of so many wonderful kids that we've got tone meet over the years. and what we're doing in this last hour is raising as much money as we can to fight childhood cancer. >> y

nhn blackstone, cbs news, san francisco. >> pelley: and that's the "cbs evening news" for tonight. for all of us at cbs news all oround the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org media access group at wgbh a schoolyard prank... that turned into a health scare. students undergo testing after to draw blood. >>> kpix 5 news at 6:00 begins with a schoolyard prank that turned into a health scare. students undergo testing after being poked with a needle used to draw blood. good evening, i'm veronica de la cruz. >> i'm ken bastida. it's not something east bay parents could have warned their kids about. a boy went around poking classmates with a used medical needle. kpix 5's devin fehely is at cabrillo elementary school in fremont with the prank that had a lot of parents scrambling. devin. >> reporter: yeah. it's called a lancet. a fairly common medical device is usually used by diabetics for blood testing. but people fear in the hands of a child it may have been an instrument for spreading disease. >> told me to stick my arm

here's john blackstone. >> reporter: embattled uber c.e.o. travis kalanick announced to his employees he is taking a leave of absence and wrote: uber has grown to challenge the taxi industry in more than 500 cities around the world but in the past year the company has faced crisis after crisis, including accusations of stealing self-driving technology from google and protests by drivers. in a widely seen video earlier this year, kalanick argued with an angry uber driver. kalanick described his impatience to charlie rose last year. >> we are generally a little bit forward leaning when it comes to trying to make progress happen. >> reporter: under kalanick uber described its corporate valleys with headings like always be huft lig, and principled confrontation. the report by former tank eric holder recommends adopting values that are more inclusive, emphasizing team work and mutual respect. crisis communication expert jeremy robinson-leon says kalanick's exit and hold der's report are just the beginning of the changes uber is likely to need. >>

of blackstone you may not know anything about blackstone but you can tell it sounds ominous anyway right it doesn't like the name the name feels like when i was eight years old and first heard guns n roses welcome to the jungle i didn't know who the singer was singer was or why he so desperately wanted me to. but.

whether it is a blackstone or apollo or some investments in private equity funds. they prove themselves to be great investors over a long period of time and not have to do with the volatility of the day today market. out things i can get a lot bigger. , energy and retail, even more so is a hot topic -- we had the announcement of blackstone as well. what is your expectation their? stephanie: there is anything going on in d.c. with trump and i would say the markets are not trying to predict what is going on with president trump. you have seen a lot of that come out of the market and fundamentals come back in. the real question is what kind of infrastructure gets done in what parts of the world, and you look around the u.s. and the rest of the world, there is a lot that needs to get done as the industrialized is. i think you're going to continue to see it because it is needed. there is a lot of money that knees to be put away for a long period of time it infrastructures the right place. it fixing bridges, tolls, where you pointed to get he return pe needs? stephanie:

john blackstone, cbs news, san francisco. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh stronand restoringding a a father's faith.. it's standing tall after one surgery... not six. stronger is being a typical kid... despite a rare disorder. stronger is finding it earlier... and coming home sooner. stronger is seeking answers... and not giving up, until you find them. because we don't just want your kids to grow up. we want them to grow up stronger. ♪[ music ] >>> as you know, we're under siege. you understand that. but we will come out, bigger, and better, and stronger than ever. you watch. >> tonight, president trump has james comey at the top of the list of the washington establishment he claims to be fighting. his support base loves that about him. as f

john blackstone, san mateo, california. >>> the "cbs overnight news" will be right back. ok, let's try this. it says you apply the blue one to me. here? no. have a little fun together, or a lot. k-y yours and mine. two sensations that work together, so you can play together. >>> artificial intelligence has taken a big leap forward in recent years, leading american corporations are investing billions of dollars and their best scientific minds to push a.i. to the next level. so how advanced is artificial intelligence these days, and what's in store for the future? charlie rose brings us up to speed in a story for "60 minutes." >> this is a super computer with lots of intelligence. >> right. >> reporter: john kelly is the head of research at ibm and the godfather of watson. he took us inside watson's brain. >> oh, here we are. >> here we are. >> you can feel the heat already. >> yeah. you feel the heat? the 85,000 watts. you can hear the blowers cooling it. but this is the hardware that the brains of watson sat in. >> reporter: five years ago ibm built this system made up of

john blackstone, cbs news, san francisco. >>> and that's the overnight news for this friday. for some of you the news continues. for others check back with us a little bit later for the morning news and "cbs this morning." from the broadcast center in new york city, i'm scott pelley. [000:23:00;00] ♪ >> announcer: this is the "cbs overnight news." >>> welcome to the "overnight news." i'm vladimir dutyier. the fired director of the fbi stepped back into the national spatlight thursday to testify his private conversations with president trump and their relevance to the russia investigation. james comey was questioned by the senate intelligence committee in his first public remarks since the president removed him from leading the bureau. comey wrote detailed memos about his encounters with the president. the former fbi chief says he was stunned by some of what mr. trump told him one on one and was concerned the president could lie about the meet meetings later. the hearings focused on comments the president made about the probe into national security adviser michael flynn and

private equity firm, blackstone is ready to sell landmark along with two other properties. the deal will triple blackstone's $3.6 billion equity investment and the expected sale will come as tech companies reportedly look for flexible leases and a variety of amenities. >>> no decision notwithstanding carpool hours in marin county. analysts are gathering more data on drivers that use 101 to implement a pilot program to extend carpool hours by 1.5 hours on south on lanes this summer. people in favor of expanding the hours he said it would ease traffic congestion and there would be more carpoolers. others say it would make traffic worse and increase crashes. >> i was in the west indies for the past seven days. i was in the leeward islands that was occupied by the british and i drive on the left side of the road. >> did you give it a whirl? >> i didn't want to rent a car. >> that would totally wake me up. it's scary. >> if you saw the way they drive dash -- no. >>> we are tracking delays for drivers on 880 already this morning due to an accident. a live look on 880 through san

it's quite fascinating. >> it is, especially when you look at blackstone which is growing under management tremendously. it has expanded totally and private equity but also in real estate and hedge fund. for --ve amassed so much they have amassed almost $400 million versus $8 million when they went public back into the seven. clearly, there is a segment of institutional investors who have .locked to this as its class public shareholders remain pretty skeptical. julia: we need to get those two groups of people talking. [laughter] scarlet: the frustration is the share price not moving the way he wants to see it move. thank you, jason. jason will be interviewing steve live from the bloomberg investment summit in 2017. you'll want to turn it destin and all day or special coverage. that is julia: that is not all. david rubenstein and his conversation, catch that 330 eastern. -- 3:30 p.m. eastern ♪ julia: it is 3:00 p.m. in new york, 12:00 p.m. in san francisco, 8:00 p.m. in london. i'm julia chatterley. scarlet: i am scarlet fu. welcome to "bloomberg markets." julia: we are live in bloomberg

here's john blackstone. >> reporter: embattled ceo of uber announced he was taking a leave of absence and wrote, i need to work on travis 2.0 to become the leader this company needs and that you deserve. uber has grown as a challenge to the taxi industry in over 500 cities around the world. but in the last year, the company has faced crisis after crisis, including accusations of stealing self-driving technology from google and protests by drivers. >> i lost $97,000 because of you. i bankrupt because of you. >> reporter: in a widely-seen video earlier this year, he argued with an angry uber driver. >> some people don't like to take responsibility -- >> reporter: he described his impatience to charlie rose last year. >> we are generally a little forward leaning when it comes to trying to make progress happen. >> reporter: he described corporate values like always be hustlin', and principled confrontation. the report by former attorney general eric holder recommends adopting values that are more inclusive, emphasizing teamwork and mutual respect. jeremy robinson leon says his exit and th

john blackstone, san mateo, california. >>> the "cbs overnight news" will be right back. thanks for the ride around norfolk! and i just wanted to say, geico is proud to have served the military for over 75 years! roger that. captain's waiting to give you a tour of the wisconsin now. could've parked a little bit closer... it's gonna be dark by the time i get there. geico®. proudly serving the military for over 75 years. it says you apply the blue one ok, letto me. this. here? no. have a little fun together, or a lot. k-y yours and mine. two sensations that work together, so you can play together. ♪ lysol max cover kills 99.9% of bacteria, even on soft surfaces. one more way you've got what it takes to protect. ialmost everything. you know, ke 1 i n 10 houses could get hit by an expensive septic disaster. but for only $7 a month, rid-x helps break down waste. avoid a septic disaster with rid-x. not all fish oil supplements provide the same omega-3 power. megared advanced triple absorption is absorbed three times better. so one softgel has more omega-3 power than three st

john blackstone, san francisco. >> i wouldn't really do that. >> it seems to be working far lot of people. >> and let's meet bear-thoven. that's what a family calls a bear that broke into their home. >> reporter: and then he comes over to the piano and plays the piano. [ laughter ] >> the bear broke into a colorado home, rummaged through the kitchen cabinets and left behind a big mess. the homeowner was not there when the homeowner made its way in. she thinks she scared it out the window. >> i open the door slowly and i'm listening for noises. we love bears but maybe not inside our own house. >> she hopes to never experience it again. >> reporter: even had the audio for that beautiful note he played. >> i think that was e above middle c. >> and i always notice how many cameras people have in their homes now. >>> on this fine tuesday afternoon, nothing but blue. concord, 79 degrees already. just about 80 and we're not even to 1:00 in the afternoon. and oakland, 63. and san francisco at 57 degrees. so as per usual, and we're looking for rain to move into the bay area, favoring the north bay

john blackstone is there. >> reporter: the street outside the u.p.s. distribution center filled with many of the building's 350 workers in the minutes after the shooting started. >> reporter: drivers were gathering for a morning meeting when a u.p.s. employee with an assault pistol opened fire. marvin calderon had just finished loading his truck. >> i was just screaming, "get out, get out, there's gunfire, go, go, go." everybody started running. arteeporter: as workers rushed out, san francisco police officers rushed in. deputy chief tony chaplain. te one contact team located the suspect, who was still armed with an assault pistol. the suspect put the gun to his head and discharged the weapon. >> reporter: before killing himself, the gunman shot five u.p.s. employees, three of them are dead. san francisco mayor ed lee praised u.p.s. workers. >> they're happy, hard-working heople, and we know them. we know them in every single neighborhood of the city. >> reporter: the white u.p.s. building back here remains a crime scene. police have not released names

>> what i thought was interesting about this company colony and also blackstone and some of the other investors is that they found a way to flip their investment in these properties without actually flipping the homes. they created a brand-new type of mortgage backed security. you remember the mortgage backed securities that helped tank our economy before the housing bust where lots of bad loans were bundled together. then when property values started to slip, the whole economy collapsed. this is a different kind of mortgage-backed security. it is brand-new since the bust. tom barrack helped invent this mortgage-backed security. all of these homes they bought with cash outright all around the country and bundled them together into huge mortgage backed securities, which was basically like taking gigantic home equity line of credit out of all of these houses. so this one house i am talking owned byatlanta, it is a mortgage-backed security. another house in los angeles that i spent a lot of time reporting on where a tenant got an addiction notice over a $49 sent latete -- $49 33 fee is a

the substances of blackstone like material and in the water alongside the refineries long war. chevron issued a statement saying the refinery has conducted a thorough check of the wharf operations is does not believe it is a source of material. chevron is working to consider other sources. >>> a woman accused of abandoning her five-year-old daughter in san francisco appeared in court this afternoon and pleaded not guilty to child endangerment charges. we're joined live at the hall of justice where the attorney asked the judge to release her. christina? >> the judge denied that request to release samantha patton on her own recognizance siding public safety concerns. >> cameras were not allowed inside the court when the 22- year-old appeared before a judge in san francisco. she pleaded not guilty. one felony and one misdemeanor. witnesses saw her on monday throwing items out of her car and screaming at her five-year- old daughter to quote get out and that she didn't want to be her mommy anymore. patton is accused of shoving the child out and driving away recklessly with her son i

here's john blackstone. >> reporter: the dramatic stretch of california's coast knowned a big sur is particularly scenic from the air and right now almost the only way to get there is by air. the highway just hugs the edge. the single road into big sur, california's coast hugging highway 1 is blocked to the north by a collapsed bridge and to the south by an enormous landslide. what were you thinking when you came out and saw this for the first time. >> oh, my god. plain and simple. >> doug cook is an engineer with the state highway safety caltrans. >> when you're standing here trying to figure out how to connect this part of the road to that part of the road half. 's the easy part. we have to stabilize the hill before we can begin the road. >> reporter: highway 1 supports hundreds of tourist businesses with spectacular views but it's almost now emily dropping from a thousand customers a day to just a couple of dozen, have you ever had the thought turn off the lights, lock the door, go home for the summer? >> everything we're doing is fighting to stay open. that's our number one missi

john blackstone, hawaii. >>> well, from pokea, to cheese, say cheese first, you guys because it is national cheese day although we don't need a reason to enjoy dairy goodness, cheese produced from the pressed kurd of milk according to the international dare a so, so making of cheese dates back more than 4,000 years, and it is not clear compactly who made the first cheese but today it is in big demand of course. more than one-third of all milk produced in the u.s. is made to manufacture cheese. you know what, matt, maybe i'll have a cheese danish, a bacon, egg and cheese, i don't know. >> now i'm hungry. >> yes, i'm thinking it has to do with the morning shift too. doesn't like a plane grilled cheese sandwich. >> good idea. >> maybe have that for run much wheels are turning. >> cheese across the board for lunch today. not bad outside. not a bad day outside, right now. take a look what is happening in rehoboth here, a few folks working their way down the beach. couple people on the boardwalk as well. sun has been out so far this morning. that has been good news for us it does look like we cou

john blackstone. san >>> there is rage against the machine on the sidewalks of san francisco. local lawmaker wants to ban delivery robots. he insists they're dangerous to pedestrians. others say the devices are good for local businesses and just the latest step on the march of technology. mireya villarreal reports. >> from your favorite restaurant. to your front door. this high tech robot could replace your delivery guy. >> with the row bts we provide services to people. give them, afford bulk ases to the good they want and need. >> to wants to hit the brakes, banning robots because of safety concerns and lack of regulations. >> then you start ask questions, what about five, ten coming down the street. just make sure the sidewalks are safe for people. >> reporter: the city blocks bikes and skateboard on sidewalks. alice choo and work for a organization. they worry the delivery bots will create more problems. >> we don't have enough room as it is. why make it more complex? >> thinking my god what am i going to do when i encounter one of them? >> teaching them about the robots l

. >>> well, coming up on "cbs this morning," john blackstone takes a ride with lyft president john zimmer as the ride hailing company tells how it's gaining on its ride rival uber. >>> plus how they're working to restore florida's coral reef. that's the "cbs morning news" for this friday. thanks for watching. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com it says you apply the blue one ok, letto me. this. here? no. have a little fun together, or a lot. k-y yours and mine. two sensations that work together, so you can play together. >> live from the cbs broadcast center in philadelphia. this is cbs-3 "eyewitness news" this morning. >>> a young woman's life cut short. now what starts as an investigation into a fatal crash reveals new information on what happened to her, and why police believe it is an act of road rage. >> a fall from grace. seth williams as a once promising career as a prosecutor with a guilty plea. we'll tell you how much time he faces behind bars after a plea bargain. >> and as philadelphia get ready to lead the celebration of america's firs

john blackstone tried it out. >> this is how it works. >> good morning, how are you. >> big traffic jam. >> doing this, we're saving 35 minutes something like that probably. >> probably about that. >>> plus -- >> it's a beautiful night for a stroll in london and look who i ran into. james corden what are you doing here? >> we brought the "late late show on cbs" show to london. >> that ahead on "cbs this morning". >> that's the "cbs morning news" for this tuesday. thanks for watching. i'm anne-marie green. have a great day. >> live from the cbs broadcast center in philadelphia. this is cbs-3 "eyewitness news" this morning. >>> some residents in montgomery county are still without water after century old water main break turns lawns into waterfalls. we'll tell you just how many homes are affected. >> new this morning, a shooting leaves one person dead and a fairhill home. the reason officers may not have a hard time finding the gunman. >>> and it is a foggy morning in the delaware valley. here is a live look at the ben franklin bridge. we'll tell when you the fog should clear and how much

withclusive sitdown elliott and blackstone ceo steve schwarzman. all of that this hour. look at wherea major averages stand as we head toward the close. abigail doolittle is standing by. abigail: we had stocks at session highs p that is true. small gains snapping a two-day decline we were talking about where we have more action. oil 5%. it had on paper its worst day since the end of may. it's longest stretch. and bloomberg intelligence analyst in the commodities space the path of least resistance, he thinks the between $45 per barrel and 55 could be broken and is really suggest that there is an inventory supply solution even if opec or to come out with a supply cut. 500,orst drag on the s&p some of these higher names tend to react more within the energy safe, we are seeing that today. we also had read in the infrastructure space. look at chicago breach and iron. coming as they cut the price target by more than 30%, 1150 per share, citing quarter debts. clearly not liking that and that appears to be taking other names with rentals down. plus, backdrop with oil. take a loo

obviously blackstone is gearing up, they're raising a $40 billion fund. lloyd blankfein tweeting yesterday, goldman wants to get in on this. there's clearly a lot of interest. i talked to one money manager i know, and they recommend to a lot of high worth investors, they actually don't go into a lot of these infrastructure funds because they don't think the returns are often as good as they seem. in a lot of cases, these projects don't end up panning out and getting funded. i don't know, i think it can be a solution. i don't think it can be the full solution. we do have a major infrastructure problem, obviously. >> and the devil is in the details. matthew, thanks very much. matthew goldstein with "the new york times." >>> in kansas, by the way, the legislature voted to raise tax rates, essentially putting an end to a series of cuts there. republican lawmakers broke ranks with the governor and overrode his veto of that bill to increase taxes. as we reported, kansas overhauled the state's tax system back in 2012 and it was billed as a real live experiment i