tv CBS Morning News CBS November 12, 2010 4:00am-4:30am EST
ds like me go to college. so, i filled out the free application and now i'm college. my name is chris. i'm going to be a medical assistant. i'm going to help people. empty handed. president obama leaves the g-20 summit without a trade deal or agreement on the escalating currency wars. dry dock. the investigation begins into the cruise to nowhere, as passengers return to solid ground. >> it was camping and i hate camping. >> and potter mania, the world's most famous wizard gets ready to hang up his wand for good. this is the "cbs morning news" hang up his wand for good. this is the "cbs morning news" for friday, november 12th, 2010. captioning funded by cbs good morning, everybody, thanks for joining us us. this morning the president is
heading for japan. after the g-20 summit failed to reach agreement on a sticky exchange rate issue stemming from charges that some countries deliberately undervalue their currency to gain a trade advantage. whit johnson is in washington with details on this. good morning, whit. >> good morning, betty. heading into the summit, the pressing issue was how to fix the global economy. after hours of meetings and debate, still no answer. president obama is walking away from the g-20 summit with little to show for it. >> put simply, we risk slipping back into the old xwal lances that contributed to the economic crisis in the first place and which threaten global recovery. >> reporter: after three days of negotiation, the leaders of the world's biggest economies could only come up with a mild statement currenting currency devaluation. the group failed to resolve the major currency dispute that sparked fears of a global trade whatever. at issue allegations both china and the u.s. are manipulating the value of their currencies.
is chin is accused of dliptly undervalued to boost exports driving a huge trade imbalance with the united states. >> -- but it's an irritant to a lot of china's trading partners thing those competing with china to sell goods around the world. >> reporter: the u.s. is also in hot water over its plan to pump $600 billion into the american economy. other countries see the move as a selfish scheme to drive down the value of the dollar and give american exporters the edge. >> we must do more to ensure that growth is sustained and translates into jobs for our people. >> reporter: more economic meetings on tap for the president today in japan, the final stop on his four-nation tour of asia. some of the same topics discussed at the g-20 summit are expected to pop up again, lances and currency issues. the president heads back to the u.s. sunday facing anger over his commission's recommendations for slashing the soaring federal
deficit. another disappointment for president obama, the u.s. and south korea were unable to finalize a free trade deal. both sides are still hopeful they can reach an agreement soon. betty. >> whit johnson live in washington, thank you. in other news the president also asked about the fate of bush-era tax cuts that are set to expire next months. mr. obama says he hopes for some sort of compromise with republican leaders. >> my number one priority is making sure that we make the middle-class tax cuts permanent. i continue to believe that extending permanently the upper-income tax cuts would be a mistake and that we can't afford it. and my hope is that somewhere in between there we can find some sort of solution. >> the president and congressional leaders are scheduled to discuss the issue next week. the climate on capitol hill is, of course, a bit different these days.
a just-released cbs naus poll found just 47% of americans were pleased with the election results. a majority want compromise between congress and the president. 72% say republican lawmakers could compromise and 78% say the president should give a little. most americans think congress should focus on the economy and creating jobs. far more than health care or any other issue. but the public has its doubts about what the 112th congress can accomplish. 39 expect lawmakers to accomplish more than usual while 41% expect them to accomplish less. the investigation into the engine fire that crippled a cruise ship in the pacific ocean has begun. the carnival "splendor" what towed to port in san diego thursday. depending on the extent of the damage, the giant ship may have to be put in dry dock. and we are learning more about what it was like on board. kendis gibson reports. >> reporter: it took hours for all the passengers to disem embark from the carnival "splendor" after four days
adrift in the pacific, they were glad to be back on dry land. >> it was an adventure. >> an experience. >> people did the best they could with it. >> reporter: the ship was towed into port thursday morning with no lights, no air conditioning, no cooked food since monday. >> anything hot at this time we would love, you know. anything hot. hot shower, hot food, hot anything. >> reporter: and the worst part? >> no bathrooms for 18 hours. >> toilets weren't running. >> no toilets. >> reporter: the trouble began early monday when passengers awoke to rumbling noise and the smell of smoke. >> they just said there was lots of smoke. lots of smoke but no fire. >> reporter: chris harlan grabbed his video camera. >> that can't be good. >> carnival cruise lines says passengers were never in any danger but it still doesn't know what caused the fire in an engine room. >> we've been this business for 35 years and have never had a like this where we have had a ship dead in the water this number of days. >> reporter: the company is giving everyone on board a full refund and voucher for free cruise.
the only question is whether any of these passengers would ever want to get back on a cruise ship again. passengers had high praise for the crew. >> the crew was amazing, take going care of us. >> they treated us like still on a cruise. >> reporter: a fleet of buses carried the passengers to local hotels happy to leave the ship behind. kendis gibson, cbs news, zinc go. rolls rolls said the this morning the cause of the engine failure last week on in jet can be traced to a specific part. the enyin failure of the qantas a380 resulted in the grounding of at least nine of the super jumbo jets. the company says the problem is specific to the trent 900 series of engines which caused an oil fire. rolls roast plans to replace the part. the latest twist in the russia-u.s. spy swap. this morning there are allegations the russian sleeper spies were sold out by a russian intelligence officer. ten suspected russian spies were arrested in june and eventually
exchanged for four russians convicted of espionage in their own country. a russian newspaper says the alleged turncoat officer worked for the russian foreign intelligence service. the officer fled russia and the newspaper reports a russian hit squad was in pursuit. on the "cbs moneywatch" stocks in asia headed south this morning. ashley morrison is here in new york with the latest on that. good morning, ashley. >> good morning to you, betty. asian markets saw big profit taking today japan's nikkei fell nearly 1.5% while hong kong's hang seng dropped almost 2%. today, wall street gets the latest on consumer sentiment. thursday stocks dropped after a disappointing report from chris co losing almost 74 points, while the nasdaq was down 23. the government's getting serious about protecting privacy on the internet. the "wall street journal" reports the obama administration will call for new laws and the creation of a new government position to oversee the stepped-up approach. the new strategy is expected to
be unveiled by the commerce department in the coming weeks. nissan is recalling more than half a million vehicles in the u.s. over possible steering problems. the recall involves 2002 through 2004 frontier pickups and xterra suvs. the automakers a corrosion problem in the steering column could make the vehicles difficult to drive and recalling almost 20,000 sentra sedans over a battery problem no. injuries or crashes reported because of either issue. the company says owners will be notified in december and repairs made free of charge. mortgage rates back to their lowest level in decades according to freddie mac, this week's average for a 30-year fixed-rate mortgage is down to 4.17%. the average for a 15-year is 3.57%. the drop is due to the fed's decision to buy $600 billion in government bonds.
and talk about your fine china. an 18th century porcelain vase sold at auction in london thursday for more than $69 million. that's the most ever pace for a piece of chinese art and had been expected to go for around one million. the 16-inch vase was only discovered when a brother and sister started clearing out their parents' very modest home and stumbled upon it. they were said to be in shock after the bidding ended. betty, that makes me think i should visit my parents and find out what's in their attic. >> exactly. dust off some of that stuff and find out if it is worth anything. >> right. >> millions and millions for that. unbelievable. i'm still in shock over it. ashley morrison, thank you. just ahead retail wars heat up in the battle for your dollars. plus, favre under fire, an investigation over inappropriate messages ratchets up. you're watching the "cbs morning news." [ female announcer ] your hands are only as clean
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in ohio a woman recovering from a purse snatching by a thief in an suv last week it was caught on tape. the 61-year-old woman was being asked for directions outside a walmart when the driver grabbed her purse and took off. she was dragged about ten feet before she got loose, suffering a broken shoulder along the way. ahead of the big holiday shopping season walmart has made a bold move, offering free shipping and that may force competitors to match that or even top the offer. >> reporter: walmart just upped the ante in the holiday shopping wars. it's offering free shipping with no minimum purchase required on 60,000 items, including toys and electronics. >> this is a sign of how aggressive retailers thindz have to be for this holiday. >> reporter: beginning today walmart will foot the bill for ground shipping until december 20th and it says it won't raise
prices to cover the shipping cost. >> they're counting on here is that you won't spend $10, that you'll be spending tens and hundreds and maybe thousands. >> reporter: it's an early christmas gift for online shoppers used to free shipping, with strings attached. target is offering free shipping on some items, but you have to spend at least 50 bucks. you'll have to spend a little more at jcpenney, $69 for free shipping year-around. even o thanline giant amazon.com has a $25 minimum to get free shipping. shipping costs can often make or break a deal. 55% of consumers say they're more likely to abandon an online purchase if they have to pay for shipping. >> it would make a difference, yes. it adds up then you've got to worry about sending it back. yes, it's a good marketing tool. >> i think if i know there is free shipping somewhere, i would consider that store before other stores. >> reporter: and walmart's aggressive move is sure to drive the competent tegs to come up
with new deals to try to win over all those holiday shoppers. in other news nfl officials investigating minnesota's brett favre heard from a he key witness. jen sturger -- talked with investigators for three hours thursday. amid the controversy, favre was asked in an interview thursday about whether he'll play next season. >> no. >> it's not clear how soon the nfl will make a decision about potential penalties for favre. straight ahead, your friday morning weather and, in sports last-minute heroics on thursday night football. this lighting is awful. woohoo! it's not the lighting, girlfriend. mnh-mnh. oh gosh! woo! it's this drab one-tone hair color, ick.
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iowa, they could bring gusty winds and small hail, especially in the southern plain states. and the sun will be shining over the southwest and the east coast, kicking off a great start to the weekend. in sports, a dramatic finish on thursday night, nfl football. the baltimore ravens scored a fourth quarter touchdown to take the lead over atlanta in the closing minutes but then atlanta's matt ryan connected on a touchdown pass with only 20 seconds left to pull out a 26-21 victory. in the nba, the lakers lose their first game of the season. kobe bryant scored 34 points as los angeles took the early lead in denver. but, carmelo anthony had 32, as the nuggets rallied in the fourth quarter to knock off the lakers 118-112. in miami, ray allen of boston scored 35 points, including seven three-point shots against the heat. the celtics led all the way, beating the heat for the second time this season, 112-107. and in chicago, derrick rose
of the bulls had 22 points and 13 assists against golden state. chicago stayed in first place in the central division cruising to an easy win over the warriors, 120-90. when we return, another look at this morning's top stories and red carpet roll-out. a magical night for the cast of the new harry potter movie. [ male announcer ] got a cold? [ sniffles ] not sure what to take? now click on the robitussin relief finder. click on your symptoms. get the right relief. makes the cold aisle easy. the robitussin relief finder. it's that simple. as the towel used to dry them. so why use the same hand towel over and over instead of a clean, fresh one every time? kleenex® brand hand towels. a clean, fresh towel every time. kleenex® brand hand towels.
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on the "cbs morning news" here's a look at today's weather. a storm system could bring strong thunderstorms to the southern plains and up toward the upper mississippi valley. the southeast will be staying on the mild side. and the northwest remains cooling along with some scattered snow showers. here's another look at this morning's top stories. president obama is headed to japan this morning after world leaders at the g-20 summit in korea failed to reach a deal on
major currency disputes. the united states also failed to reach a trade deal with south korea. and an investigation has begun into the engine room fire that disable ad carnival "splendor." the cruise ship was towed to san diego thursday. passengers spent four days living in primitive conditions with no hot water, no air conditioning, and for some time, no toilets. in london, it was a spell-binding night for fans of the boy wizard harry potter. thousands gathered thursday to catch a glimpse of the movie's young stars at the world premiere of "harry potter and the deathly hallows." >> reporter: the world's most famous wizard is getting ready to hang up his wand for good. harry potter's final battle with the evil lord val ga more will stretch over two films. london hosted the premiere thursday. daniel radcliffe strolled down
the red carpet as the teen wizard for one of the last times. >> harry potter has come to hope. >> he was only 11 when the first movie came out a decade ago. >> of course, physically, you don't look like little harry potter anymore. >> no. a question that surprises many people who meet me i don't have the glasses. >> the co-star was not only the highest paid hollywood actress last year, she's a straight-a student at brown university. >> how could i give up this movie that i don't want to give up, you know, going to university, going to college and having that experience, either? >> reporter: the latest film marks a big break from previous potter movies. the school kids are no longer kids, no longer in wizard school and, therefore, no longer safe. it sets up the finale that comes out next summer, which gives movie makers one more chance to cash in on the magic that's already raked in $5.5 billion
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good morning. welcome to 9 news now. happy friday. the day planner we start off chilly. we have areas in the 20s right now. definitely jackets and gloves this morning. 9:00 we will be in the 40s. noon upper 50s and will be there at 5:00 p.m. highs 60 to 65 south and west. it will be gorgeous. there's the cold i'm talking about. manassas 25 degrees. martinsburg and frederick at 7. cumberland, luray, petersburg 3 a. a lot of frost out there, as well. you want to be milder goo to annapolis. they are at 48. a look at highs today, upper 50s along the bay. they will keep them cooler but should be 62 and maybe 65. the dry air will heat up later on. 4:26. it is angie with the time saver traffic. a couple of things to watch
for. 95 northbound construction takes away two lanes near 32. northbound 270 outside at falls road, you are going to lose the right lane there. construction set up in the lock and through lanes. 495 in virginia, inner loop at the toll road, stay to the left to get by because of lingering roadwork. coming up in the next traffic report, more early roadwork and the regions to avoid. back to you. here's some stories we are following today. >> president obama wrapped up the g-20 summit in south korea without reaching a currency issue with china. witnesses say two men videotaped the la fourth font
plaza. police say they don't have been specific concerns about the men but they would like to talk to them. a virginia woman said she was didnied service at a convenient storm because she was muslim. >> we hear what happened next. >> i'm an american muslim and she owes me an apology. >> reporter: she says she converted to islam in back in 2006 and has worn traditional dress, including a head scarf with no problem until she walked in to this fast mart on salem church road on tuesday morning. >> i explained to her i wear this for the sake of god, for the sake of allah and she said you have to take it off for our safety and security reasons. >> reporter: to avoid an argument she moved the scarf, just beyond her hairline but that wasn't enough. >> she wouldn't let me make a purchase. i was humiliated and violated and walked out of the store. >> reporter: we visited the
store ourselves. >> she said she was refused service. >> while they weren't talking customers had plenty to say. >> very surprised. you think people would be past that right now. >> they are prejudiced. if it was any orrace or culture it probably never would have happened. >> reporter: it was her first trip here and her last. >> well, i'm thinking of relocating. >> reporter: the center for american islamic relations is demanding an apology and calling for sensitivity and diversity training for all fast mart employees. >> a fast mart spokesperson said they apologized for the incident. they have thrown out the previous policy of having customers remove hoodies and head gear. the cashier has been suspended. from the first local station with news in high definition, this is 9 news
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