it is a huge business that has made larry ellison very, very rich. you were briefly, a month, the world's richest man. >> absolutely. that was one hell of a month. everything was different. >> we can joke about it, but you liked it. >> oh, sure. >> you were the one. >> [chuckling] for 30 days. >> microsoft corporation, bill gates. >> he revels in it because ellison becoming number one meant somebody else had to be number two. and that somebody was bill gates, whose microsoft towers over all the competition, including oracle. >> it's an exciting game that's going on right now, and it is to some degree a game. you know, microsoft's in first place, we're in second place. we're trying to catch them. they're not making it easy. they're an extraordinary company. they're the most important company on earth. >> they've got $50 billion on the bank, and you've got 5, 6 in the bank? >> [chuckling] yeah, we're-- we're far behind. they're three times bigger than we are. they have a monopoly. we don't. darn it. >> yeah. >> [laughs] [rowing machine zipping] >> elli

number one, larry ellison, that make sense to you? >> he is the founder. >> oh, i get it. >> that's right. oh, you're going to like what i -- what larry ellison is dressed in. i guarantee it. another guy who felt it was a private company. >> however, mr. ellison is still running the company. as whereas, the man who founded men's warehouse. >> he is the ceo. he has created value for himself and for shareholders. >> it's past tense now. >> he does pay himself a great deal. >> i think the viewers are outraged when they read that story in the "new york times" about how much people are making. they're not making that at home. >> no. overall executive comp i think 16%, whereas household income growth is nill, essentially. >> i draw a distinction between the likes of larry ellison, founded the company, created and took the ceo's job and had it for seven years and got the golden pair hut and didn't do much of anything, but managed to hang around. he was less talented than the guy, and the guy replace him will be less talented for him because

larry ellison is sitting on $43 billion -- >> [inaudible] [applause] >> [inaudible] [cheers and applause] >> good afternoon supervisors. my name is dave canner and the acting director for seiu 1021 san francisco. i want to start by saying it's really unacceptable that the community has to be out here begging every year and yet private for profit contractors never have to do this. that is absolutely unacceptable and i think that's a struggle we're going to need your support in fixing in the coming years. it's just unacceptable. i want to speak about the -- where we think some of the money could be found to fund the services that these folks are providing. the systems commission is submitting to you 2014 insurance renewal rates within the coming days. now negotiations between kaiser and hhs staff has been [inaudible] so far and they use proposal which was the last offer. with kaiser refusing to negotiate for month hhs staff has outlined the issues for you folks to consider when this comes to you. members have trended younger and healthier and requiring fewer services over the past seven ye

larry ellison is sitting on $43 billion -- >> [inaudible] [applause] >> [inaudible] [cheers and applause] >> good afternoon supervisors. my name is dave canner and the acting director for seiu 1021 san francisco. i want to start by saying it's really unacceptable that the community has to be out here begging every year and yet private for profit contractors er

the winner will face defending champ larry ellison u.s.a. for the cup. it was a nice day outside. >> it was nice. right near the water's edge in wind breakers. wind was up on the bay this afternoon. tonight we are seeing kind of mixed bag out there. low clouds trying to organize. live doppler 7-hd shows you right near the coast. they have been sitting there off and on all day long. we had an eddy that kept them right there near the golden gate bridge. things are thinning out a little bit and we develop overnight. highs today, low 90s inland and antioch checked in at 92 degrees. compare that to san francisco. 69. we had 83 in santa rosa. redwood city, 78 and 82 was the high in san jose. roof cam looking at a little bit of low overcast drifting over downtown san francisco. san francisco, 56 and mild in san jose at 67. half moon bay, 55 degrees. emeryville cam, beautiful bay bridge and santa rosa, 58 and 70 in fairfield. novato, 57 and los gatos, 66 degrees. this is sutro cam. you can see some of it is blacked out and low clouds are starting to move in over

larry ellison is sitting on $43 billion -- >> [inaudible]

. >> here is a concern on hawaiian island of lanai that larry ellison could negatively impact the culture. he pledged to make conserve vacation and tourism important found yaigs of the island growth today the office voiced concern saying the plan would double population of 3,000 and add tourists saying change would turn it into a mini wi ki ki. >> it's laid back right now. >> extremely laid back. >> coming up next a bay area hot spot for hot dog autos hey, everybody your abc 7 morning news traffic reporter want a smart solution check out abc 7 news.com/contest right now you can drive away with a smart car we'll announce the lucky winner friday on abc 7 morning news so be smart >>> breaking news a 2.9 earthquake centered just outside santa rosa but we received calls from viewers felt a sharp jolt. 2.9 quake no damage or injuries reported. >> coming up on abc 7 news at 6:00 huge unpaid bills from a napa valley music festival tonight an owner hanging on. also bay area doctors using microwave energy to fight cancer turns out a little bit of heat goes a long way. >> right now in case you didn'

oracle's larry ellison tops the list. his pay jumped 24% to $96 million. >>> and there could be consolidation in the cable industry. reports say liberty media is eyeing time warner cable and may try to buy the company through its investment in charter communications. a combined charter/time warner cable would have 50 million subscribers. back to you. >>> we're going to tell you what's leading the news, plus the best sports highlights anywhere this time of the morning. >>> let's get you the latest in sports. june has been a hot month for a dodgers rookie. yasiel puig had four hits against the phillies and finished june with 44 hits. that puts him in the history books for the second highest number of hits in a player's first full calendar month in the major league. he falls just behind joe dimaggio who had 48 hits in 1936. he's best known for his 56-game hit streak, another record of his that still stands. >>> and the longest hit streak of this season, that is still alive and well after michael cuddyer singled against the g

larry ellison tops the list. his pay jumped to $96 billion. >>> there could be consolidation in the cable industry. liberty media is eyeing time warner cable, and may try to buy the company. a combined company would have 50 million subscribers. back to you. >> thank you. >>> we are going to tell you what is leading the news, coming up. plus, the best sports highlights with betty nguyen. these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: on

that winner will face larry ellison's team in america's cup in september. we'll have more on this race throughout the week on cnbc do you remember. it's amazing, the boats, they fly more than they sail. back to you. >> it looks beautiful out there. thanks so much. a program note. closing bell will be on from noon to 2:00 p.m. tomorrow. it will be a summer in the street special. the markets close at 1:00. keys jobs data may provide clues of jobs report. we'll get a preview next. back in a moment. geico's defensive driver,ke 13. good student and multi-policy discounts could save you hundreds of dollus. engineer: uh geico's discounts could save you hundreds of "doll-ars." it sounds like you're saying "dollus." dollus. engineeif you could accentuate the "r" sound of "dollars." are...are... are... engineer: are... arrrrrr. arrrrr. someone bring me an eye patch, i feel like a bloomin' pirate. geico. fifteen minutes could save you fifteen percent or more on car insurance. honestly, i feel like i nailed that. this is greta. she works in quality control. she makes a

some teams now argue that the new safety recommendations favor larry ellison's defending championship team. one of the regatta directors is threatening to go to the coast guard, claiming unsafe conditions if the safety recommendations are unsafe conditions if the safety recommendations are at farmers we make you smarter about insurance, because what you dont know can hurt you. what if you didn't know that it's smart to replace washing-machine hoses every five years? what if you didn't know that you might need extra coverage for more expensive items? and what if you didn't know that teen drivers are four times more likely to get into an accident? 'sup the more you know, the better you can plan for what's ahead. talk to farmers and get smarter about your insurance. ♪ we are farmers bum - pa - dum, bum - bum - bum -bum ♪ they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy

. >> the winner of the louis vuitton cup will go on to challenge software mogul larry ellison's oracle team usa which won the america's cup in 2010. >>> terror at the annual running of the bulls. the problem that caused injuries to nearly two dozen people including an american. >> a little more tranquil in the weather center with temperatures today running three to nine degrees warmer than they were yesterday. it will all change by tomorrow. details straight ahead. ow do y clearance the dodge way? first wait till summer. then get the cars ready. now add the dodge part. ♪ ♪ the dodge summer clearance event. right now get 0% financing for up to 72 months and no payments for 90 days pamplona, spain. the injuries happened when dozef people >>> a cleveland man is among nearly 2 dozen people injured during today's running of the bulls in pamplona, spain. the injuries happened when dozens of people fell in a narrow entrance to the ring and the bulls ran into them. the 35-year-old cleveland man had surgery after being gored. no word on his condition. >>> it is getting ugly. gas prices are

bhchlt mw's larry ellison challenged with the multihole. after several rounds of contentious battle in the new york courts, the match was ordereded to be said off valencia spain in february 2010.

. >> the winner of the louis vuitton cup will go on to challenge software mogul larry ellison's oracle team usa which won the america's cup in 2010. >>> waiting on a verdict in the george zimmerman murder trial. the developments that sent everyone back into the courtroom. ,, look at 'em. living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you couldn't just set up a tv in the basement. i mean, come on! nope. we could only watch tv in the rooms that had a tv outlet. yeah if we wanted to watch tv someplace else, we'd have to go to my aunt sally's. have you ever sat on a plastic covered couch? [ kids cheering ] you're missing a good game over here. those kids wouldn't have lasted one day in our shoes. [ male announcer ] add a wireless receiver. call to get u-verse tv for just $19 a month with qualifying bundles. rethink possible. first raise in six years. the workers staged a one-day st >>> only reached a deal that -- oakland reached a deal that will give city workers the first raise in 6 years. they struck on july 1 but agreed

. >> reporter: one of the biggest critics of the cup and defending champion larry ellison can now say, i told you so. >> this is not the first time a bunch of starry-eyed politicians have been bamboozled by an arrogant billionaire. >> reporter: so it might look like a very slow start for the businesses and the races around the america's cup. but one of the sponsors, louis vuitton, has a special limited edition bag that is apparently flying off the shelves. in fact, the store here doesn't even have a copy to show me. i do have a picture that they sent us in an email with a price tag of $1,430 each. maybe lv can take back their refund requests. >> let's come out on saturday and watch the boats race. >> reporter: will there be more than one boat this saturday? >> two boats on saturday. >> reporter: optimism is about all the city can bank for now. in san francisco, linda yee, kpix 5. >> so far, the city has enough money to pay for its share of the costs but fundraising has fallen short and corporate sponsors are not coming together. in the end, the city could be on hook for $8 million in

. >> reporter: oracle owned by larry ellison who is a billionaire. you have heard of this controversy about rudders? some say it could shut down the race. those in the know say no. >> it's typical. america's cup just before the start of racing. the teams are nervous and anxious and the elbowing each other to basically get some sort of competitive advantage. >> reporter: apparently it's like flopping in soccer. would it be a flop in fact city government remained in a $20 million hole helping to put on the event? >> economically, this is an event that's slated to bring close to a million dollars of spending from visitors from all over the world. >> reporter: that's billion with a b for the city. how about a turkey sandwich? how much is a turkey sandwich? $10.50? they may do it one $10.50 turkey sandwich at a time. today was free to come down to the village. after today, it's $10 a day. you can nose around, because the racing doesn't start until sunday. in san francisco, mike sugerman, kpix 5. >>> and again, here's how it works. there are those three te

these 2004 owned by larry ellison. >> would you like to go on board that one? >> well, i'm on roller skates. i don't know. but boy like to. >> we're inside club 72. this is the vip area sponsors can hang out with team members and it's where the cup is hanging out. let me show you. out in front of club 72 in the front row? that is reserved for everybody. >> this makes the cup new venue fantastic. the public does have time to see the race. >> they're welcoming everybody into sailing and have a lot of people standing around answering questions. they have boats on display. i think they're doing a great job. >> match racing will begin on sunday. the man who organized it 30 years ago is here to see it start. >> it's great. boats are racing on sunday. let the best team win on the water without incident. >> the race will go on all summer. mark matthews abc 7 news. >> 4th of july is a day for parades and people got up early to enjoy them across the bay area. in concord traditional pancake breakfast held with a parade truck pull and a fun run marked the 4th but this morn

ellison. liz: thank you. we're going to put all of the stocks up on facebook. up on facebook.com/lizclaman. thank you very much. u.s. fund manager 71 billion in assets under management. we have 35 minutes before the closing bell rings. scott london pleading guilty to insider-trading charges and facing up to 20 years in prison, but he walked before our cameras and is blaming someone. dow jones industrials up 99 points. the boys used double les from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? liz: a great day walk now the courtroom steps to face the media after pleading guilty. scott london facing up to 20 years in prison now after ple

you can get a look at larry ellison's big yacht next to his bigger yacht. kids can try hoisting a sail. and what is really impress gist areas laid out for the public in front of the water, you can watch the racing. >> i think that is what bhaiks the whole cup a new venue fantastic. the public has a chance to see the race. >> i heard about what is going on there. i wanted to check it out. >> they have people standing around, answering questions. they have boats on display. i think they've done a great job. >> just winding up right now, teams were introduced. what they want to do is bring people down, and very impressive they're opening up the area to the general public, coming up we'll have a look at vip areas. i'm mark math use live from pier 27. >> thank you, mark. still ahead on abc 7 news at 4:00 giants pitcher's 4th of july tribute. >> legos can build just about anything. we'll show you one woman'sy yailgs, next. >> clear skies now under warm conditions but cooling coastal fog son the way. i'll have the accu-weather forecast. >> and at 4:36 on the raise

ellison's defending championship team. one of the regatta directors is threatening to go to the coast guard claiming unsafe conditions if the safety recommendations are not approved by a special jury. that move could force the coast guard to withdraw the race permit, meaning no cup race at all. is convenient for you on our 24/7 bay area news channel. kron4.com. >> jacqueline: tomorrow another day of the upper 90s and even a future prodigious away from the coastline. cloud cover building away from the toll bridge. storm tractor pinpointing showers and thunderstorms missing open to the east and to the north. but this particular area right here we will have to keep our our eye on it. it read the swings a round pick put portions of the north bay. that is mainly going to be up to lake tahoe. timber julies to mount and the south bay still pretty warm in the '90s and a number of places and san jose. our east bay in the valleys warmest. 100 and antioch and 100 and livermore. this is like richmond and berkeley and allen is in the '

some of the top earners larry ellison who is the head of oracle, this is cash, $96.2 million. >> nice work if you can get it. >> bill: $96.2 million. that's why larry ellison is single-handedly financing the america's cup race in san francisco this summer. spare change for him. >> you got that type of money. >> bill: the top paid women executive, marissa mayer of yahoo! $36.6 million. >> pretty steep drop-off. >> bill: that doesn't count -- that's the salary. that doesn't count the stock grants or options that some of the ceos are given which are calculated to be roughly 60% of their paycheck. so they've got the paycheck which went up 16% and on top of that the stock options or the stock grants that they're given which is plus 60%. all of that. where we are today what that adds up to is this. that the average ceo according to the "l.a. times" yesterday the average u.s. chief executive earned -- average more than $11 million last year. and that puts ceo pay in this country today at 231 times what the average worker has made. 231 times. >> bill: i just think this raises a legitimate que

for companies with revenues over $1 billion the highest is larry ellison. it rose to 96.2 million in 2012. 24% increase in the salary. oracle's return to investors was down 22%. the ceo of avtivision was up too. it increased to 64.9 million in 2012. up 680% while his shareholders lost 12% on their returns. the highest ranking woman, marissa mayer earning $36.6 million last year. is this >> good morning, willie. >> how do they justify this? how does oracle say $96.2 million is a fair price for larry ellison despite the fact that our shares are down 22%? >> there is no justification. this is just a process that's hijacked by ceos much more powerful than the compensation committee. i think it's outrageous. ellison's done nothing for you, nothing. >> how did the board come at these prices? most of us, we go to h.r., we get a deal of some kind. we have a compensation committee and board of directors that come up with a number. how do they arrive at it? >> they look at what other ceos are making in the industry and say, you know, we should aware our ceo the same

the group is requesting a chance to race against billionaire larry ellison's oracle team for the right to represent the u.s. it could delay the cup final races in september. >>> 5:09. coming up, steroids scandal. can alex rodriguez avoid a lifetime suspension? >> the duke and duchess of cambridge, what hints we are getting about a name for the new baby from london. >>> terrifying moments one passenger captures of the southwest plane's crash- landing. >>> subtropical moisture is gone, warm weather is ahead. we'll talk about that coming up. >> and here's some of the fog along the coast. blanketing the golden gate bridge this morning, we'll help you get to work after the break. ,,,, good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. high fructose corn syrup from yoplait o

ellison's oracle team usa. now the regatta director has to go back to the coast guard to get a revised permit for the rate. it was once touted by gavin newsom as the super bowl and the world series put together. the preliminary rounds have been under way with only one boat competing. and the huge crowds of spectators have just not been there. >> so far, about $10 million. the total cost could be $10 million. >> it means lower cost. >> certainly wasn't the way it was envisioned when we first said yippee we got it. >> nothing has turned out the way it was discussed three years ago. >> fundraising has falling len short and corporate sponsors are not coming together as planned. in the end, san francisco could be on the hook for $8 million in losses. state leaders and community members are thanking first responders for saving lives at asiana flight 214 at sfo. phil matier and police chief greg suhr live at caffe roma at the city. chief suhr tell us what you saw when you arrived on the scene last saturday. >> well, f

ellison's oracle team usa. now the director has to go back to the coast guard to get a revised permit. troubles have been plaguing the event which gavin newsom touted as the super bowl and world series put together. the preliminary rounds have been under way with only one boat competing. the crowds of spectators have been sparse to say the least. >> so far spent about $10 million. we estimate our total cost will be around $20. but we'll know when it's all over. less people means lower costs. >> reporter: certainly wasn't the way it was envisioned when we first said we got it? >> no. i think everyone would agree that nothing has really turned out the way that it was discussed three years ago. >> reporter: fundraising has fallen short and corporate sponsors are not coming together. in the end, san francisco could be on the hook for $8 million in losses. >> if those boats are out there today, they are going to have fog to contend with i best. >> they will especially this morning but they are beautiful to see out t

but for some, like the top-paid larry ellison, he earned more even as investors lost money. oracle's founder pulling down $92.6 million, 24% increase over 2011, even as the shareholders' total return fell by 22%. at number 2, robert kotek earned 69.4 million, 680% increase, over 2011. thanks to a $55.9 million stock grant. one given a shareholder return fell 12%. a flip side. third and fourth on the list, two men who had paycuts even as returns for the shareholders jumped 42% and 55% respectively. cbs pulling down a cool 62 million, 12% less, and discovery's ceo, 49.9 million, 5% less than in 2011. coming up fifth, james croat 40.7 million. big numbers. >> all right. absolutely. thank you. richard says the ceo pay is out of control. but our other guest takes the other view. thank you very much, gentlemen. good to see you. make the case. >> well, it's not just that there's an objective number that's bad. it's the disconnect between what these guys are getting paid and what the average worker's paid. it's bad for the american economy. if you want to regrow this economy, you ha

and in one of the initial practices back in october, the boat for larry ellison's team oracle also capsized, though no one was killed. >> pam: the jury is set to meet on monday to rule on rudder elevators, and if the members approve the current proposal in front of them, director iain murray says he will go to the coast guard and say that racing would not be safe. that could force the coast guard to withdraw its permit, which means there will be no racing. >> pam: stay with kron-4 for the latest on the cup. >> jacqueline: 100 and concord, 101 in antioch, and 1 02 in pleasanton and livermore. it was 89 in fremont with 93 in napa. we continue to monitor the threat of potential thunderstorms and lots of the thunderstorm activity has been the north and east as well as over the coastal waters. at this continued movement to the east this area right here is where we want to keep our eye on. with total that as well as to firework's forecast coming up. >> pam: the case against a san arrested for driving under the influence and leaving the scene of an accident has been discharged by the district atto

larry ellison claiming top spot. oracle's founder pulling down $92.6 million, 24% more than in 2011 even at the shareholder total return fell by 22%. robert cotech of the video game maker act vision grapping the number two spot and shareholder shares falling but his increase in pay helped by a stock grant. third and fourth on the list, two men with pay cuts jumped 42% and 55% respectively. les moonves pulling down 12% than the last year and david zaklav 5% less at 50 million. median pay rose 16% last year to 15.1 million and the company's net income rose an average of 63%. the average total shareholder return rose 24%. the pay increases of the ceos reflecting the higher values of big stock and option grants given to these executives. the median value of the top 200's equity holdings, a hefty $51 million. sue and tyler, back to you. >> mary thompson, thanks very much. the question of the day, are the ceos worth the pay? 7% of you say yes. the pressure is immense and 29% say it should always be tied to the stock price

ellison's defending championship team. conditions if the safety recommendations are not approved by a special jury. coast guard to withdraw the race permit, which would mean no cup race at all. >> weather, traffic, after this live look cody san mateo bridge. live look at the. [ female announcer ] life is full of compromises. but when it comes to what your family really loves, you shouldn't have to sacrifice. and that goes double for ice cream. now you don't have to give up. you can give in with dreyer's slow churned light ice cream. we churn it slowly for all the rich and creamy taste with just half the fat. ♪ dreyer's slow churned light ice cream. ♪ nestlé -- good food, good life. >> welcome back and happy fourth of july. erica? >> good morning and happy fourth of july. we are waking up to some coastal fog. temperatures warmer than 24 hours ago. 73 degrees in livermore. pretty pleasant conditions and today is the last day that we have been talking about severely warm temperatures. the entire bay and coast. just under

ellison, meg whitman of hp came in, meaning forward. and eric schmidt of google, and shooting fish in a barrel even though they are told not to talk this morning and his master's voice, larry page, ceo of google who has that voice problem doing his first public appearance certainly here despite the voice problem which must be on the mend. we will be updating you all day as we get more shreds from the media conference. a lot going on. cheryl: we will see you at the bottom of the hour with a lot more. we will see you in a little bit. top of the hour, stocks every 15 minutes, nicole petallides on the floor of the stock exchange, always talking about the dow, the s&p and the nasdaq on fire right now. nicole: we have seen them doing well, focusing sea levels and down fractionally as you see, the nasdaq composite manages to hold on to those gains and in closing yesterday at the highest level in 12 years with the nasdaq, reminiscent of october of 2000 so you are seeing some gains in mixed market and that is how we started the day, so back-and-

at the top of the list, oracle's larry ellison whose pay jumped 24% last year to $96.2 million while the company's stock returns fell 22%. activision ceo is second at just under $65 million. the rest of the top five, les moonves of cbs, david zaslav and james crowe. the top woman on the list, yahoo!'s marissa maier. as you might expect, a cash portion pales in comparison with its value of the stock and options. equilal says the compensation was $5.3 million while stock and option grants totaled about $9 million. combined, stock and option awards made up 60%. their pay. ellison, for example, received $97 million in options or 94% of his total pay package. now, the so-called golden parachute is still envogue for ceos who choose to or are forced to retire. equilar says the top package went to conoco phillips' ceo after a decade of service. he took home $156 million. much of the payout came from the market value of stock gains he received while working at the oil giant as well as a cash severance, bonus and additional retirement distributions. ross. back to you. >> all right. seema, than

these 2004 owned by larry ellison. >> would you like to go on board that one? >> well, i'm on roller skates. i don't know. but boy like to. >> we're inside club 72. this is the vip area sponsors can hang out with team members and it's where the cup is hanging out. let me show you. out in front of club 72 in the front row? that is reserved for everybody. >> this makes the cup new venue fantastic. the public does have time to see the race. >> they're welcoming everybody into sailing and have a lot of people standing around answering questions. they have boats on display. i think they're doing a great job. >> match racing will begin on sunday. the man who organized it 30 years ago is here to see it start. >> it's great. boats are racing on sunday. let the best team win on the water without incident. >> the race will go on all summer. mark matthews abc 7 news. >> 4th of july is a day for parades and people got up early to enjoy them across the bay area. in concord traditional pancake breakfast held with a parade truck pull and a fun run marked the 4th but this morn