first got here there are six of them so i know fred we're going to we're going to go a long way away from where we started out this today you know the earlier person made this point better i think than your you're a good. judge of jumper in one thousand nine hundred eighty two as for the capitalism could survive and he said no and he pointed out the intellectual class would find capitalism distasteful would write married his distain for love capitalism would gradually poison the well of public opinion to lead to the kind of collectivization of the capitalist system but that you don't blame the corps because people have tilted the road salie right off of it what we have done is it's and i do not believe it's the financial engineering that has anything to do with this let's take you where ease of innovation and that could have been wonderful capitalist success stories the renewable energy area and the financial engineering areas that are riveted and all the that type of activity in both cases there are wonderful ideas that can properly be hand to be distilled and become a wonderful way

first got here there are six of them so i know fred we're going to we're going to go a long way away from where we started off as today you know the earlier person made this point better i think than your yuri did jones of jumper in one thousand nine hundred eighty two as for the capitalism could survive and he said no and he pointed out the intellectual class would find capitalism distasteful would write married his disdain for love capitalism would gradually poison the well of public opinion to lead to the kind of collectivization of the capitalist system but that you don't blame the kora because people have tilted the rosalie right off of it what we have done is it's and i do not believe it's the financial engineering that has anything to do with this let's take you where is of innovation and that could have been wonderful capitalist success stories the renewable energy area and the financial engineering areas that are riveted and all the that type of activity in both cases there are wonderful ideas that can properly be and be distilled and become a wonderful way of wealth creatio

what about the banks fred keep going what about the banks. the banks down at the banks would not have a problem if the other banks of the would be stupid banks and stupid people of any institution well wall street the moral hazard problem but gone straight fannie and freddie of giving them good. wall street so figure now for a whatever's up there doing all that a handful of people and yeah while the one percent of their people are not angels it depends on the institutional framework you created we created a system designed to fail and it failed but it was not a capped locations the george i want to go to you don't want to give george the last word so it was because it looked like capitalism is working just fine for one percent go ahead. yet and you know i don't know whether the deposit insurance is ready or very much to do with it i mean look at what's going on now i mean the banks are essentially getting interest free loans from the government which they then lend back to the government and then pocket the interest that they make on that so

what about the banks fred keep going what about the banks. the banks down at the banks would not have a problem if the other banks of the would be stupid banks and stupid people of any institution well wall street the moral hazard problem but gone straight to any and freddie of giving them good. wall street so figure now for those up there doing all that a handful of people and yeah while the one percent of their people are not angels it depends on the institutional framework you created we created a system designed to fail and it failed but it was not a capsule ok it's the george i want to go here i want to give george the last words it was because he looked like capitalism is working just fine for one percent go ahead. yet and you know i don't know whether the deposit insurance is ready or very much to do with it i mean look at what's going on now i mean the banks are essentially getting interest free loans from the government which they then lend back to the government and then pocket the interest that they make on that so and then this mo

what about the banks fred keep going what about the banks. the banks down at the banks would not have a problem if the other banks so that would be stupid banks and he grabs stupid people of any institution but wall street the moral hazard problem but get on straight fannie and freddie of giving them good. wall street so figure now for ever as up they are doing all the handful of people and yeah while the one percent of their people are not angels it depends on the institutional framework you created we created a system designed to fail and it failed but it was not a capital ok george i want to go to you i want to give george the last words it was because it looks like capitalism is working just fine for one percent go ahead. yeah and you know i don't know whether the deposit insurance is ready or very much to do with it i mean look at what's going on now i mean the banks are essentially getting interest free loans from the government which they then lend back to the government and then pocket the interest that they make on that so and then t

first got here there are six of them so i know fred we're going to we're going to go a long way away from where we started off as today you know the earlier person made this point better i think than your yuri did jones of jumper in one thousand nine hundred eighty two as for the cattle some could survive and he said no and he pointed out the intellectual class would find capitalism distasteful would write married his disdain for love capitalism would gradually poison the well of public opinion to lead to the kind of collectivization of the capitalist system but that you don't blame the kora because people have tilted the road silly right off of it what we have done is it's and i do not believe it's the financial engineering that has anything to do with this let's take you where ease of innovation and that could have been wonderful capitalist success stories the renewable energy area and the financial engineering areas that are riveted and all of the that type of activity in both cases there are wonderful ideas that can properly be hand be distilled and become a wonderful way of weal

fellow of the global policy institute of london metropolitan university and in washington we cross to fred smith he is founder and chairman of competitive enterprise institute. that means you can jump in anytime you want george capitalism state today. well i think capitalism is indeed in crisis it's been five years since. the the crash of two thousand and eight and the multiple bailouts and the unemployment remains high and there's no real prospect of recovery and what is really becoming clear is that we're now because we're not having to live with a situation of very high unemployment high rates of poverty and capital which is supposedly the unit of capitalism essentially going to exclusively for one purpose which is finance and always just simply makes money off itself ok rachel jump in the state of capitalism today. you know capitalism was doing just fine until it was hijacked by socialism and what i think george is seeing and what we're all seeing and what occupy wall street has been protesting is really the socialists a version of capitalism and not capitalism itself and george just t

what about the banks fred keep going what about the banks. the banks down at the banks would not have a problem if the other banks of the would be stupid banks and he kept stupid people of any institution well wall street the moral hazard problem but gone straight to any and freddie of giving them good. wall street so figure now for those up there doing all that a handful of people and yeah while the one percent of their people are not angels it depends on the institutional framework you created we created a system designed to fail and it failed but it was not a catholic george i want to go here i want to give george the last word suitable because it looks like capitalism is working just fine for one percent go ahead. yeah and you know i don't know whether the deposit insurance is ready or very much to do with it i mean look at what's going on now i mean the banks are essentially getting interest free loans from the government which they then lend back to the government and then pocket the interest that they make on that so and then this mone

what about the banks fred keep going what about the banks. the banks down at the banks would not have a problem if the other banks of the would be stupid banks in any of stupid people of any institution one of three the moral hazard problem but get on straight fannie and freddie of giving them good. wall street so figure now for whatever is up there doing all that a handful of people and yeah while the one percent of their people are not angels it depends on the institutional framework you created we created a system designed to fail and it failed but it was not a capital ok george i want to go to you i want to give george the last word sit with us it looks like capitalism is working just fine for one percent go ahead. yes and you know i don't know whether the deposit insurance is really a very much to do with it i mean look at what's going on now i mean the banks are essentially getting interest free loans from the government which they then lend back to the government and then pocket the interest that they make on that so and then this mone

>> yeah, fred, wow. what a story? so hugo teso, he's a security consultant and has a commercial pilots license. just a few minutes ago i actually finished an interview with him. he's in germany. and he said that he spent the last three years developing this app that shows vulnerabilities in the flight management system of airplanes. he presented it as a conference in the netherlands that he was able to on a flight simulator affect the flying conditions including changing the plane's altitude, changing what's on a pilot's display screen. but we should caution about all of this. first got to emphasize, i can't emphasize this enough that he did this on a flight simulator, not on an actual real aircraft for obvious security and safety reasons. and the other thing too is that he emphasized that this app alone is not enough to effect the plane. you're also going to need the proper hardware. we reached out to the faa, and the agency says that the planes that we fly, that you fly and i fly, that we fly every day, that they're

fred, how it believed faid got explosives to allegedly do this? >> reporter: yeah, that's really the big question. if you look at the security in that prison it really seems as though there were serious lapses. one of the things we're hearing, apparently that prison has way too many inmates in it and also simply not equipped to deal with people like that. one of the things that seems unbelievable, fred, apparently people, the guards, at that prison, they are not allowed to search the prisoners all the time. they can only do that on a random basis. it's believed someone might have brought the explosives in there. a substantial amount of explosives. because he didn't bust up just one door. he blasted open five prison doors and then went through those with his four hostages that he. the prison guards. he went out of the prison, a get away car, dumped it. set it on fire. another car, now authorities are trying to find him. a lot of questions. >> apparently french authorities launch add manhunt in the 26 countries. what it about those countries that th

joining us is fred smith. fred, it's always nice to have you on the program. we appreciate your time. >> thank you, maria. >> what can you tell us about the rest of the year at fedex and the industry? i think when you first came out with the news, the last time we spoke, about the global economy, it shook the market. it certainly caused a pretty good sell-off in fedex shares. where are we right now? you're in-between earnings reports, but in the last quarter, profits were down 31%. >> well, the quarter that we had recently was related specifically to our international traffic. a lot of our business, particularly our ground parcel business in the united states, and our domestic express business, is doing quite well, based on the ecommerce revolution. but in the international sector, the policy choices that have been made in china and europe and to a lesser degree, the united states, which is doing relatively better, combined with the very large increases is in the price of fuel over the last decade, have slowed down global trade and global gdp growth. and that'

>> fred, we've got two reports that have investors cautious. take a look and see, the dow is down pretty much 31 points right now. part of the reason for that is retail sales. retail sales fell last month by the most in nine months. also until about consumer sentiment that hit the lowest level in nine months as well. but going back to retail sales, people are basically cutting back on electronics, books, music, that kind of thing. the dismal weather might have had an effect. also we're going to talk about the payroll tax hikes we got after the fiscal cliff. that also might be effecting spending as well. but most telling is really that people are really worried about this job market, fred. and also their pay, unemployment 7.6%. how people feel about what they spend has a huge effect on the economy. it's essentially what's driving economic growth. also a factor is mixed earnings from the banks wells fargo and jpmorgan, fred. >> and the big picture most happy to see the market's going gang busters, but is there a downside if the stocks keep hittin

fred cannon of kbw joins us now. fred, always great to see you. >> jpmorgan. >> on the bull side actually. >> bullish? i can't believe it. >> notifying the banks for top line growth, it's not there. pressure is relevant. credit will get better for a long period of time. you have a positive back drop. >> is this your top bank pick or do you prefer something like a wells as we do. >> i prefer citi and wells. i think citi is the best restructuring story. i think wells is the best play on the home price recovery. >> fred, when you read through jpmorgan's earnings and wells fargo's earnings, particularly on the earnings side, what do you make of it. >> mortgage revenue is under pressure this year. the gain on sales spreads last year were phenomenal and wells took huge advantage of that. it's going away because everybody's competing for those loans now. that's here but you have to remember, at the end of the day increasing home prices are a good thing for banks. not this year in mortgage banking but a good thing for banks.

thank you. >> and fred lean. the driver who has taken more passengers than any other driver in san francisco. [ applause ] >> thank you so much. >> okay. moving on. some highlights on a couple projects that have garnered a lot have folks interest. first on the bicycle project we got a request from a previous meeting for an update. director ramos made some reference to it as well. the update is and this is a project that was approved late last year. the bike and pedestrian improvement on oak street and baker and scott and on baker began -- on february and will continue and what we have done is rescinded the lane on oak and changes to left turn only on oak preparing for baker. restriping. the final completion is contingent on the completion of the construction work at the kelly moore paint. they have scaffolding up that blocks the sidewalk and so they are using the parking lane which is the future bike lane as their pedestrian path of travel. we obviously can't advance the work until that work is complete. the work

jenna: fred? >> they don't care if we vote. why they should care about that? jenna: fred to michael's point, we only shared a little bit of his writing, what one of the things that michael says if we're going to respond in the muslim world, respond fast, violent and we destroy the enemy. that we aren't in afghanistan or iraq and years and years and years. that is the problem, not necessarily the response but the fact that we're there for so long and trying to build governments there. what do you think about that argument? >> i think we can have a debate about u.s. policy in iraq or afghanistan whether there were mistakes. whether we could have done things differently but the issue here is that, this war with radical islam goes back many, many years. the islamist thinker who influenced usama bin laden made it very clear that one reason he was pushing islamist militancy was because of deddid he general asy in the west. usama bin laden said in 2002 letter in the united states, he made it clear not on

fred ingles has more on that hair hairy predicament. >> that baby is gone! >> reporter: josh reddick lead the team in home runs last year. this spring he's leading a new category, most wis kerrs. >> -- whist kerr -- wis kerrs. -- whiskers. >> no. >> i think we got a bunch of guys growing beards. >> what was the motivation? >> hunting. >> if i shave, i look like i'm about 15. >> that's a nice beard but it isn't a josh reddick's beard. >> it's better. that is nasty. come on? >> this is a professional. i know what i'm doing -- they are all pretty proud of their beards. >> when charlie finley owned the as back in the '70s he actually paid his players to grow facial hair. lew wolff is not about to dish out the money but he isn't about to stop this beard brigade either. >> i like them. others don't. i'm not gonna ask them to remove them. >> reporter: this beardoff has crossed over to reddick's other love, professional wrestling. >> we can have daniel bryant challenge me to a beardoff at the end of the year. of course i'm gonna say yes. everybody knows i'm a huge w

thank you. >> and fred lean. the driver who has taken more passengers than any other driver in san francisco. [ applause ] >> thank you so much. >> okay. moving on. some highlights on a couple projects that have garnered a lot have folks interest. first on the bicycle project we got a request from a previous meeting for an update. director ramos made some reference to it as well. the update is and this is a project that was approved late last year. the bike and pedestrian improvement on oak street and baker and scott and on baker began -- on february and will continue and what we have done is rescinded the lane on oak and changes to left turn only on oak preparing for baker. restriping. the final completion is contingent on the complet

thank you. >> and fred lean. the driver who has taken more passengers than any other driver in san francisco. [ applause ] >> thank you so much.

fred ingles has more on that hair hairy predicament. >> that baby is gone! >> reporter: josh reddick lead the team in home runs last year. this spring he's leading a new category, most wis kerrs. >> -- whist kerr -- wis kerrs. -- whiskers. >> no. >> i think we got a bunch of guys growing beards. >> what was the motivation? >> hunting. >> if i shave, i look like i'm about 15. >> that's a nice beard but it isn't a josh reddick's beard. >> it's better. that is nasty. come on? >> this is a professional. i know what i'm doing -- they are all pretty proud of their beards. >> when charlie finley owned the as back in the '70s he actually paid his players to grow facial hair. lew wolff is not about to dish out the money but he isn't about to stop this beard brigade either. >> i like them. others don't. i'm not gonna ask them to remove them. >> reporter: this beardoff has crossed over to reddick's other love, professional wrestling. >> we can have daniel bryant challenge me to a beardoff at the end of the year. of course i'm gonna say yes. everybody knows i'm a huge w

[music] >> hi, my name is fred lein. i'm most proud of driving a ramp taxi since the beginning of the program in 1994. [music] >> fred, you are the absolute best! thank you fred for providing transportation for me and opening up my social life, and taking care of medical appointments, taking care of my mother [music] >> hi, my name is ann bailey and i've driven for luxor for almost five years now. i drove for desoto cab for 10 years prior to that. i drove in 1976 for the old, old yellow cab. this is frances mecchi and i've been driving her for about 11 or 12 years to her alzheimer's day program, which we call the memory club. every day when we drive through the presidio she'll say, "oh goody, you're taking me through the enchanted forest." [music] >> my name amr a.mahmoud. i am like 49 years old. i have been driving cab more than 13 year in general. then i drove a ramp more than 3 years. this is my fourth now. i have been enjoying doing the job. i like every moment of it. >> thank you amr. [music} >> hi, my name is peter

. >> hockenberry: and fred singer, the veteran scientist at these proceedings. he's a retired physicist once responsible for government weather satellites, who tells people the climate needs no help from worried humans. >> climate, to me, has become a non-issue. it's a phantom issue. there's nothing wrong with climate. it will change no matter what we do. it'll get colder, it'll get warmer. we just have to wait a little. >> hockenberry: singer says he's dedicated to explaining his theories about global warming. what keeps you going? what's your motivation? >> basically i like to see good science being done and protected. i think i'm fighting here for scientific truth. that's important to me. >> hockenberry: do you think the science is being hyped on global warming? >> oh, very definitely, yes. >> hockenberry: armed with that conviction, this team of skilled political messengers and contrarians has certainly changed the game. in just four years, the number of americans who agree global warming is man-made has dropped to about half. it's a message that is inspirin

fred ingles is live in denver with more. fred? >> reporter: well, tori, it's windy and a storm is brewing here tonight. they expect snow but that's a good thing considering the warriors are going to play inside here. the pepsi arena. it's really a surprise the warriors did not hold a shootout and there was no media availability for golden state. but denver held a light 30- minute tuneup at the pepsi center. and this is a team, the nuggets who had an nba best 38-3 home record. but it was the warriors who snapped the nuggets streak last week and took control of the series with two big wins in oakland. >> they played very cocky at home. that's what we need to do at home. we're capable. >> at the d the day, i just got some great shooters. that's what these guys are. it's nothing new. they've been that way from day one. my young guys continue to bet better and it continue -- get better and it continues to. >> reporter: that was coach mark jackson yesterday. mark jackson doing a great job, leading this young inexperienced warriors' team

fred? >> all right, good advice. thanks so much, elizabeth cohen. >>> hey, guess what? a new show debuting tonight on cnn. anthony bourdain bringing his taste for adventure to cnn. this new show with no boundaries, cnn brings you the world as bourdain and his crew travel to myanmar, libya, peru and more. we'll have a sneak peek in a minute. show airs tonight at 9:00 p.m. eastern and pacific. "parts unknown." >>> international pop star justin bieber creates a stir for what he wrote in a guest book at the ann frank house. that story straight ahead. aaah! aaaaah! theres a guy on the window! do something, dad! aaaah! aaaah! what is happening? they're rate suckers. their bad driving makes car insurance more expensive for the rest of us. good thing there's snapshot from progressive. snap it in and get a discount based on your good driving. stop paying for rate suckers. try snapshot free at progressive.com. blast of cold feels nice. why don't you use bengay zero degrees? it's the one you store in

fred? >> and so what about security inside his room, outside the room? just fortified around the hospital? explain. >> reporter: you certainly see police officers stationed at entrances to the hospital. according to our affiliate, whdh, he's in the intensive unit with two guards and i would imagine they're at his bedside and also that he is handcuffed to the bed. i imagine there are also guards in the hallway where he is. we're told he's kept in a somewhat separate area of the icu from other patients. >> has it been made clear how long he would be intubated or even in icu? >> no, not at all. and i am just going to go out on a limb here. i bet if you asked his doctors they would say we don't know. in these situations it is really sort of an hour by hour decision about how long. doctors don't want to keep people intubated any longer than they have to. you intubate someone for too long they could get pneumonia and other complications but you do want to keep them intubated for a certain period of time. can help their recovery. >> elizabeth cohen, thank you s

he called fred when his mother was in the hospital. the passenger called fred who was driving another client at the time and picked up the passenger and got in the hospital on time to be with his mother before here final time. finally mahmud, he provides service and his passengers rely on not being stressed out. after 8 hours of work, he's reliable on the pick up so his customers don't have to worry about getting home. one passenger instead, he is my freedom. this is powerful stuff by folks who often are below the radar but provide some of the most important transportation service that happens here in san francisco. so i would like to ask chris hashey to introduce the video. thank you. this is the best part of the meeting, isn't it? on the subject of san francisco heroes, these are some heroes. for the people who are not aware of, the job of a ramp driver, it takes time to service each customer because of the need to secure their wheelchair and these drivers and medal yon owners do an excellent service to the wheelchair using customers

can you say, fred, back to you? >> fred, back to you. >> okay. that's some kind of dancing there. like that. thanks so much nischelle and friends there at centennial park. >>> north korea talks a dangerous game claiming to test nuclear weapons. how much weight is really behind those threats? a closer look at north korea's nuclear capability and a daughter loses her dad in a shocking act of violence. now her mom is taking over as sheriff. we have an exclusive interview with this brave young woman coming up next. [ male announcer ] from the way the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll never want to go back. its dynamic power bristles reach between teeth to remove up to 76% more plaque than sonic in hard to reach areas. oral-b deep sweep 5000 power brush. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. of mild to moderate alzheimer's disease is exelon patch. now with more t

when fred is given direction, fred clark, to incorporate the design guidance criteria that is embedded by everyone, he's taken to pencil to paper and looking at these numbers hard. the instruction he has from us is estimates to see if we can further refine them and bring them down. on the issue of the documents that are put together by dhs and fema and from a what i understand, the documents that are put together were at least post 9-1-1 and people who do build major structures, they are not put together by lay people. so, with respect to the geography, i can't speak to that because that's not my level of expertise. i have to depend on all the experts t warriors reason and 49ers stadium are going through a very extensive security system. they don't need to bring it out to the public like we do, but they are, like oklahoma and kansas city, they are. with respect to the safety act designation, the way it works, director, is once we have the design guidance criteria and approved by the board of directors, the next step is we then meet with them again in more detail, we put together and ap

marx learned i want to jump in here fran if i were going to break it let me go to let me go to fred what wal-mart wal-mart is a classic let me follow up with that rachel one other thing too is that the idea that there's some sort of rigidity in the corporate structure of america or the wealthiest americans anyone who follows forbes richest people in the world index

reporting live in separate cisco fred inglis channel two news. >> a lot of pressure on him we should mention, thank you fred, santa clara has one the tournament and we have another bay area winner to talk about highlights tonight at 10:00. >> thank you. >> tonight on the 10:00 news a controversial policy at a bay area schoolwide new rules only to certain students. >> thank you for trusting ktvu channel two news we are always here for you at ktp .com and mobile ktvu. thanks for joining us have a great weekend. [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just dangerous when they're smoked. [ rat squeaking ] they're dangerous long after. cigarette butts are toxic. they release chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watc

fred? >> thanks so much. very sad news. our condolences going out to the warren family. >> and condolences to the pulitzer family. lily pulitzer has died in florida. she was known for her bright tropical print designs and known for dressing people like jacqueline kennedy onassis. she once said, quote, style isn't about what you wear. it's about how you live. lily pulleitzer was 81. searchers are searching for two boys kidnapped by their parents. they're accused of taking the 2-year-old and 4-year-old boys from their grandparents house in tampa. the grandparents have custody of the boys. hagen and his wife are believed to be anti-government and police say they may all be on this sailboat. >> police now say this little girl left on a doorstep is zoey brown of marietta, georgia. brown's parents were arrested friday night. a man found zoey on his doorstep in south carolina tuesday night. the 4-year-old is doing okay. she is in a foster home until officials can try to locate any other relatives who may be able to care for her. >

will he make the cut, and what do you think of fred couples today? is looking pretty good as well. >> yet somehow tapped into the view of being tied for the lead. so far it doesn't seem to be a problem. guan tianlang is another story. he was warned multiple times before the penalty was assessed. but it was assessed on the left. he now stands at four over par for the golf tournament. he is right on the cusp of possibly missing the cup and i think it's a tragic story all around. if he ends up missing it, i really don't think from a pr perspective there is any way for a gussets when this one. gerri: that is too bad. everyone is watching him, he is so young. on that first day he was so poised, such a wonderful story. let's go to the flipside of that. that is the money side of the story. a lot of people underestimate the impact of golf on our economy and communities in particular. so much good work that golf that is. people will talk about all the money the players are making. tell us about communities that are benefiting from the sport as well. >> absolu

what is that going to tell us about the retail investor, fred? >> well, they don't look for the trading environment, you know, it's better. it's certainly improved quarter over quarter. however, it remains fairly tepid. we're still cautious on trading volume, although yet when we saw some increased volatility in the market, our trading volume was north of 500,000, so a bit of volatility here in the market, with increased bullishness in the markets would be the best thing for our trading environment. we're likely to trade toward the low end this year. >> fred, i appreciate your cautiousness, right? probably good to be a little conservative. there's one number that stands out that says you may be more optimistic than you're letting on. you're advertising spend went up by $24 million year over year. you wouldn't be paying to advertise if you didn't think you could get more customers. >> well, that's absolutely true. first off, it is a bit of seasonality in that number, so this quarter and the next quarter are two biggest advertising spending quarter

fred? >> all right, nick valencia, thanks so much for bringing that to us. >>> from 68 teams to two. it's louisville and michigan. they will square off in atlanta tomorrow night for college basketball's national title. last night louisville knocked off wichita state and michigan ousted syracuse. so no game today, but that hasn't stopped the fans from flooding downtown atlanta. live look right now at a packed centennial olympic park. a gorgeous day today. free concerts all weekend long. initi kn >> reporter: fred, you know what a good muse ic venue is all abo. you can barely see up to the stage because there is a sea of people up there. we are waiting for grace potter and the nocturnals. she's supposed to take the stage in about ten minutes. that's -- she's like number one on the bill today. the other two big headliners -- sting at 6:00, dave matthews at 8:00. this is like the appetizer to the big game. everybody on a sunday, nothing much else to do, they're waiting for the big game. people

i especially want to start by thanking fred. fred has has done incredibly important work, and we owe him a great deal. fred, we owe you a great deal of help for the -- what you've done to boost american exports. but every single job you've ever taken on, you've done extremely well. and i want you to know, and i mean this seriously personally and on behalf of the president, we appreciate your dedication more than you know. and it's an honor also to be with all the rest of you this afternoon, to have a chance to speak to so many people on the frontlines of our economic renewal. i understand better than almost anyone, you understand, the sheer potential this global economy affords the united states of america. and you are well aware of the challenges as well. this is a familiar story. in the post war era, post world war ii era, we faced a slightly different set of challenges as a global economy reemerged we knew that institutions and rules were needed to navigate through and because our parents and grandparents were wise and becaus

>> fred can talk about that. this is to me a classic picture of what i understand to be marxian economics, that the basic idea in marks is that workers don't have the bargaining power, and the business owners, capitalists get a higher share of overall profit. and the more they have bargaining power, the bigger picture the kid. so what's happened over the last 35 years that this divergence could occur? by the way, this is not something that was expected or even widely understood. for example, probably the most prominent economist any strife in will, and even the most prominent liberal economist is paul krugman has his column in the times. krugman wrote an article in the 1990s, and he said i can think of no example in human history in which, when productivity goes up, wages don't go up as well. he says i can't think of a single example. meanwhile, it was happening under his nose in the united states. so it's like you didn't have to search indeed some anthropological obscure study about something that happened way b

ktvu's fred inglis is there. >> reporter: win or lose they are going to be exciting. the weather is gorgeous. and if fans are still streaming in for tonight's 46th oakland a's home opener and it is a sell out. last year, 1.6 million in attendance but sales are up 33% this season. winning the american league west had something to do with that. when you combine winning with colorful characters you get loyal and loving fans. all this talk about moving to san jose, it is not spoken here. >> i am a die hard a's fan. i am tired of the bay area thinking there is only one team. the only team that matters is the team that wears green and gold. >> we are a's fans regardless and we love the players and most of them love us. so, you know, it is wonderful to be a part of, feel like you are a part of the family. >> i think everybody was ready to keep the season going last year. i think we have been going to the off season wanting to come back here since the last out was made. the fans didn't want to stop playing. we get together opportunity. >> this is our main event. >> the colise

here's more from fred ingles. >> reporter: marco scutaro has had an mvp. nobody had more fun than scutaro. he went 14 for 28 in the national league championship series. you bat .500 and you earn mvp honors. marco is the first player ever to record six multi-hit games in a single lcs. >> just play to win. >> reporter: without scutaro, what would the giants be? >> he's just a quiet, professional baseball player. he's as professional as they come. >> reporter: marco was traded from colorado to san francisco july 27th. he hit safely in 52 of 62 games, batting .362 with 44 runs batted in. again, in just 61 games. no wonder his teammates named marco blockbuster as in blockbuster trade. >> blockbuster is great. it's a tribute to the work ethic and the way he's been able to come up and now taken over the starter role. >> marco impresses you every day. watching him having a bat is a special thing. you are seeing one of the best hitters in the game go at it. >> reporter: san francisco is marco's sixth team in 11 mlb seasons. if you want to understand, you have to go

he's not a hero fred evident by the. c.h.p. sudley if you is a him would you be a hero by the effort and i. don't know about. any of. the base where the congress. right now. the ladies of texas. didn't give you don't record. we they we reclaim in all the way and for the people. it. and this is a map of the original bone grease from eighteen thirty six of the nation called the republic of texas here's a map of the state of texas today and all of the mountains all the way up to here which is wyoming colorado new mexico kansas and oklahoma. that we're part of the nation then have been stripped away because this is the northern limit of texas which is somewhere and sheer. c.l. for. have served these papers to. all the different governors. to washington d.c. . to europe blame is part. of what i did. is i'm leaving him a copy because i didn't serve him. i decided to build the top people. you do you have any. money real money. with. friends are. more will buy some real money. or get. your car this is called that has a face value of tw

fred, we will check you out at 10:00 p.m. >> all right. thank you. >>> coming up at 10:00 p.m., police all over california kickoff a distracted driving awareness month crack down. hear what a ticket could cost you if you are caught. >> thank you for trusting www.ktvu.com, we are -- thank you for trusting ktvu channel 2 news, we are always here for you on www.ktvu.com and mobile ktvu. thank you for joining us. [ music playing ]

here's more from fred ingles. >> reporter: marco scutaro has had an mvp. nobody had more fun than scutaro. he went 14 for 28 in the national league championship series. you bat .500 and you earn mvp honors. marco is the first player ever to record six multi-hit games in a single lcs. >> just play to win. >> reporter: without scutaro, what would the giants be? >> he's just a quiet, professional baseball player. he's as professional as they come. >> reporter: marco was traded from colorado to san francisco july 27th. he hit safely in 52 of 62 games, batting .362 with 44 runs batted in. again, in just 61 games. no wonder his teammates named marco blockbuster as in blockbuster trade. >> blockbuster is great. it's a tribute to the work ethic and the way he's been able to come up and now taken over the starter role. >> marco impresses you every day. watching him having a bat is a special thing. you are seeing one of the best hitters in the game go at it. >> reporter: san francisco is marco's sixth team in 11 mlb seasons. if you want to understand, you have to go

my name is fred clark. i'm a senior design principle architect for the transit center. we want today to bring you into discussion and development of the exterior wall of the building changing from glass to exterior wall. it's a change. the critical issues even though these are dramatically different materials, the critical issues that they still have certain aspects in common. one is that since the days of the competition we've always envisioned the transit center, even those it a very light building, it touches the ground very lightly and we felt the glass did that and metal does that equally well. the other thing that is very important that this is going to be the centerpiece of an entirely new neighborhood in san francisco. it has to be a great neighbor, it has to be a welcoming civilized humane presence and a building you want to live in and the wall does it equally. will : what you are seeing today, even though there are a number of the options, all of them will be what you will see today which has no discernable or dangerous scheduling impact on the work at hand.