blackstone group with these deep pockets to pay for their water heater that just exploded what they can do is not pay their rent and then that has to go to court but again it's the little guy versus the big guy and as we've seen with the independent foreclosure review and all the problems associated with the big banks mergers over the years it's a big banks who always get out on top unfortunately because they write the rules because they write the religiously they write the rules or they were going to have to get into this further but as always your insight is invaluable thank you so much there you have it will be tracking this and keeping you posted on all the latest in the latest housing bubble. bitcoin it's the online digital currency used to purchase products and up until now converting big cash has been somewhat of a convoluted process but tomorrow the world's first big point a.t.m. will go into operation and hoover canada here to discuss this historic moment in declines development is director of public affairs for big client foundation. give me genuine we. in the lead you know if

there's some of the largest funds such as blackstone have been quietly scooping up foreclosed homes over the last two years only to rent them out and now securitized the rental income streams today we saw this headline on bloomberg dot com pending sales of existing homes slumps by most in february years that's right the game of housing hot potato securitization is back and this time it's on the backs of renters who are complaining in droves about their new wall street some large one disgruntled tenant is suing and alleging quote. the air conditioner did not work when he moved in tubs and sinks sprouted huge leaks like wood flicker on and off like a ghost now i made that up and the home was infested with if we use roaches and even a family of wreck which lived in the attic here to discuss this is. how you doing today i'm excited because i was wondering how this new housing bubble would play out in its middle to final stages now in our c.n.n. we're seeing it finally it's upon us about just how deep is wall street in this rental market today in the big numbers two hundred thousand homes and

said that the company was exiting sometimes its real estate investments yet blackstone is still stuffing foreclosed houses in its portfolio. various. what's the source you know this is how can it seemingly contradicting no sure this was a quote by schwartzmann and he was saying that this is some of his legacy real estate involved investments and these are commercial properties like hilton. these are big chains and yes he's getting out of the business because he's not making enough money apparently five percent a year is too low for blackstone but he's seeing a new color with these foreclosed homes and so that's where he's going right now so they're basically switching hats a little bit ok now how exactly is blackstone converting these rental homes basically into revenue streams for themselves sure it has to do with yield investors are always. in search of yield and as we saw with the prison with the previous housing bubble sub prime was a name in town it was a big name in town because those would give the highest yield in bonds and the way those works is they were trenched up and so you

posted on all the latest so make sure you tune back in to beyond us to find out everything on housing blackstone etc. earlier i spoke with michael maloney founder of gold silver dot com he recently created a video series the hidden secrets of money and he did this to explain monetary history well cycles and the financial crisis well the debt ceiling might have been temporarily raised but it's an issue that's guaranteed to be revisited in just a few short months so i first asked him about the very relevance of the debt ceiling and here's what he said. well it isn't relevant because we live in a world that is a debt based monetary system and when you when your currency supply is all owed back plus interest and the currency to pay the interest does not exist yet it means that you always have to go deeper in debt the debt ceiling is an absurd notion in a monetary system that is debt based and could you explain on the relevance of this we actually have a clip from your video and this is the latest installment that came out and it has to do with and it gives a great visual representation of the debt a

posted on all the latest so make sure you tune back in to beyond us to find out everything on housing blackstone etc. earlier i spoke with michael maloney founder of gold silver dot com he recently created a video series the hidden secrets of money and he did this to explain monetary history well cycles and the financial crisis well the debt ceiling might have been temporarily raised but it's an issue that's guaranteed to be revisited in just a few short months so i first asked him about the very relevance of the debt ceiling and here's what he said. well it isn't relevant because we live in a world that is a debt based monetary system and when you when your currency supply is all owed back plus interest and the currency to pay the interest does not exist yet it means that you always have to go deeper in debt the debt ceiling is an absurd notion in a monetary system that's debt based and could you explain on the relevance of this we actually have a clip from your video and this is the latest installment that came out and it has to do with and it gives a great visual representation of the debt an

group is the very largest with some seven point five billion invested in forty thousand properties but blackstone's real estate portfolio has generated needs only need usually returns and recently stephen schwarzman chief executive of blackstone group said quote. we're increasingly taking opportunities to exit investments bob is this is a sign a big money is getting out of housing altogether and yet again i think look blackstone is big money and yes they're getting out when we're talking about measly returns we're still talking about positive returns maybe four or five percent since two thousand and five so it's not such a bad deal a lot of funds who are betting on other things lost a bunch of money during the financial crisis but when you compare it to blacks tones outsized returns of say thirty seven percent per year it's really a comparatively a pretty good deal and as to you know the general market implications yes i.p.o. strength the number of i.p.o.'s that are coming out can be an overall strength of markets but at the same time when that gets kind of ludicrous shall we say stupid yes that ca

john blackstone shares the lessons she has for all of us. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod with a western edition of the broadcast. we have breaking news to report. two convicted murderers who walked out of the same prison in florida the last three weeks, freed with forged papers, are now back in custody. they were captured early this evening eastern time, reportedly without incident, just about 100 miles from the prison where they had been serving life sentence. here's mark strassmann. >> reporter: there was a reward in orlando for anyone who could point police to joseph jenkins and charles walker, the convicted killers whose escape embarrassed florida's corrections system. today, walker's mother, lillie danzy, pleaded with her son to turn himself in. >> wement you to surrender yourself to someone who you trust, who will bring you back in safely. we tonight want any harm to come to you. >> reporter: jenkins and walker were serving life sentences for separate murders when f

asset managers blackstone these are all top picks? >> blackstone specifically is running into a little bit of resistance here. it definitely has more room on the upside. i think it is all dependent. if you lock at the macromarket, 70% of stocks trade with the overall market. this is a great spot to be. >> two weeks ago, blackstone reported a third quarter. candidly, it wasn't a great year. as tim pointed out, it's been trading low tore sideways since, valuation-wise, nine times forward earnings, i think it's sort of interesting. we have been talking to blackstone in terms of the financials as one place you want to be. i think 26 and change is further to go on the upside. >> let's check in with domenic on first solar, which is moving big time in the after hours session. hey, tom. >> yes. yes. i can't even get over that photo of me as a zombie here. let check out shares of first solar. they are up big in the after market. that after america's biggest maker of solar power plans that boat analysts estimates, helped along by projects in ca

john blackstone is on the scene. we've investigated the obamacare web sites. today the president says what he thinks. >> nobody's madder than me about the fact that the web site isn't working as well as it should. >> pelley: wyatt andrews on what isn't working. a naval officer and an n.c.i.s. agent have been arrested in a prostitution and bribery scandal. david martin reports. and speeding to a freeway near you. they call themselves stunters. what they're doing is illegal, but bill whitaker finds stunting is a growing phenomenon. >> reporter: what would make you stop? >> i believe really nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. there's been another deadly shooting at a school-- this time a middle school in sparks, nevada, east of reno. the police are telling us that a student shot and killed a teacher and then wounded two classmates then, they say, the boy killed himself. john blackstone is on the scene of this breaking story. >> reporter: the first shots were fired by the 13-year-old gunma

john blackstone finds there's no money for federal loans that create jobs. >> it just makes no sense to me. >> pelley: and in a bizarre twist, the shutdown means prison inmates are being paid but guards are not. millions visited the web site for obamacare but how many are signing up? anna werner reports insurance companies are worried. leslie stahl introduces us to a man who saved more than 100 desperate refugees by telling the government they were all his children. >> reporter: is your heart pounding? palms sweating? >> i certainly was nervous, yes. >> pelley: and "on the road." steve hartman with a man who lost his sight but found his calling as a home builder. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. we could be just six days away from a perfect storm: when the government shutdown runs smack into the first-ever government default. pressure is building on house republicans to end their standoff with the president and here's why. a new gallup poll finds public opinion of the g.o.p. is dropping. in september, 38% of americ

john blackstone, cbs news, richmond, come. sphwhrel we have some late-breaking news from washington for you tonight. cbs news has learned that president obama will nominate janet jellen tomorrow to be the next chairman of the federal reserve. that's the cbs evening news for tonight. for all of us at cbs news all around the world. good night. captioning sponsored by cbs captioned by media access group at wgbh >>> billy ray cyrus on miley's broken engagement. and her wild behavior. he is telling me everything. >> i'm nancy o'dell. >> were you relieved in a way that liam and miley broke up? >> nancy's billy ray exclusive. in tonight's "top story." >> as miley's album dropped today, i asked billy ray point blank about his little girl's. [ laughter ] and her r-rated antics. >> be honest with me. >> plus, billy ray on pills, blowing cocaine and behind bars. your first look at his twisted

john blackstone has their story. >> let us work! >> reporter: about 50 furloughed government workers-- many of them scientists-- marched on nasa's ames research center in california this afternoon demanding the right to work. >> congress may think it's okay to get paid and to do nothing but we don't expect that. >> reporter: they say they're not worried about missed paychecks, their concern is what the country may lose forever while they're being kept out of their offices and laboratories. math linton is a nasa sign security specialist. >> i'm in a continuing conflict with hackers from other places who want to ruin your day, disrupt your project and steal your data. >> reporter: instead of watching for those hacker attacks on nasa computers, linton has been sitting at home worrying. >> if you were the c.i.a. and a country that you were at odds with sent all of their federal work force home, what would you do? would that be a good time for you to start poking holes in their defenses? i certainly think the answer would be yes. >> repo

john blackstone, cbs news, richmond, come. sphwhrel we have some late-breaking news from washington for you tonight. cbs news has learned that president obama will nominate janet jellen tomorrow to be the next chairman of the federal reserve. that's the cbs evening news for tonight. for all of us at cbs news all around the world. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> good evening, i'm jan. derek mcginty is on assignment. we'll get to the news at 7:00. here's a look at your world in 90 seconds. >> reiterating he is willing to talk about the budget after congress passes bills to fund the government. >> house republicans don't get to demand ransom in exchange, we're going to have to -- until you surrender. it's not our system of government. >> in roswell, virginia, a whole bunch of truckers planning friday morning, head north in a kind of general strike. one guy says they will blockade the beltway. arrest members of congress. >> i don't think president obama obeys the

and in california, our john blackstone has found because of the crisis, there's no money for federal loans that create jobs in the state. those stories tonight on the even even at 5:30 right after kpix 5 news. ,,,,,,,,,, [ female announcer ] safeway presents real big deals of the week. or how to get great deals the easy way. you do enough flying around. that's why we give you real big club card deals. this week, load up on your favorite coke products. 12 packs are $2.77 each. tide is $16.99 for 150 ounces. that's under 20 cents a load. and oikos greek yogurt is just a buck. real big deals this week and every week. only at safeway. ingredients for life. new at 6:00 tonight: business owners fed up withr like this... how the high c rate in one >>> i'm ken bastida in the kpix 5 newsroom. new at 6:00 tonight, business owners fed up with fear like this. how the high crime rate in one bay area city is causing its economic development to suffer. plus, the bay area housing market so hot right now that some construction companies are actually running out of employees. tonight, we ask, where ar

john blackstone, cbs news, richmond, come. >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> your realtime captioner is mrs. linda m. macdonald >>> bart riders with a message for negotiators as we near the end of the 60-day cooling-off period. good evening, i'm ken bastida. >> i'm elizabeth cook. dozens of people are gathering with banners, signs and lots to say about a potential bart strike. chopper 5 over a union rally at frank ogawa plaza in oakland a push to get support for bart to call for a fair contract. the preparation should be there for another walkout. ryan takeo is at the rally. >>> reporter: good evening. there are at least 200 supporters here union supporters here at frank ogawa plaza. the unions say if there is a strike, it is because bart negotiators are forcing them into one. either way area business leaders say another strike could cripple the economic development of the bay area again. >> last time it was really

we asked john blackstone to look into this. >> reporter: the office of fantex, inc., looks typical of other internet start-ups but what fantex is selling is not typical. >> my name is arian foster. i'm just getting started. >> reporter: through fantex, houston texans running back arian foster is going public, offering investors will the chance to buy shares tracking his future earnings. let me understand how this works. >> sure. >> reporter: buck french is c.e.o. of fantex. if i spend $10 on a one tracking stock for arian foster, what am i buying? >> so, you're buying a security that's linked to the value and performance of a brand contract we sign with arian foster. >> reporter: under that contract, fantex is paying foster $10 million for a 20% share of his future earnings. fantex will get all of that $10 million back by selling a million shares at $10 each to the public. the risks for investors who buy those shares are listed in some 200 pages filed with the securities and exchange commission. your s.e.c. filings say the only people who should invest in this are people who can affor

our john blackstone is at the scene of that shooting at the middle school. plus, david martin is going to tell us why american warships were given orders allegedly in ex-change for theater tickets and prostitutes. those stories tonight on the "cbs evening news" at 5:30 right after kpix 5 news. ,,,,,,,, female announcer: female announcer: when you see this truck, it means another neighbor is going to sleep better tonight because they went to sleep train's ticket to tempur-pedic event. choose from a huge selection of tempur-pedic models, including the new tempur-choice with head-to-toe customization. plus, get 36 months interest-free financing, two free pillows, and free same-day delivery. are you next? announcer: make sleep train your ticket to tempur-pedic. ♪ your ticket to a better night's sleep ♪ after a bloody beginning to ar.. a bay are >>> good evening. i'm ken bastida in the kpix 5 newsroom. new at 6:00 tonight, after a bloody beginning to the year, a bay area city has seen practically zero murders recently. how police say they curb the violence by

john blackstone spoke with them. >> let us work! >> reporter: about 50 furloughed government workers, many of them scientists, marched on nasa's ames research center in california wednesday, demanding the right to work. >> congress may think it's okay to get paid and to do nothing, but we don't expect that. >> reporter: they say they're not worried about missed paychecks. their concern is what the country may lose forever while they're being kept out of their offices and laboratories. matt litton is a nasa cyber security specialist. >> every day i'm in a continuing conflict with hackers from other places who want to ruin your day, disrupt your project, and steal your data. >> reporter: instead of working on nasa computers, litton has been sitting at home worrying. >> if you were the cia and a country that you were at odds with sent all your federal workers home, what would you do? would that be a good time to go poking into their defenses? i would think yes. >> reporter: cyber security is a hot field right now. on furlough, litton h

john blackstone has the latest. >> reporter: a small memorial at sparks middle school is one of the few signs of yesterday's tragedy. deputy police chief tom miller: >> everybody wants to know why. that's the big question. the answer is we don't know right now. >> reporter: 13-year-old michael anduja did not know the gunman. >> all i heard a loud bang and it was really loud. it made my ears ring and then you look and see the kid with the guns pointing it at kids. and he looked pretty serious about it. and, like, he just couldn't stop-- couldn't just stop aiming at kids. >> reporter: math teacher michael landsberry, a veteran of the war in afghanistan, saved lives in the school yard. >> there were, like, a couple of kids trapped in the doorway and they had nowhere to go and mr. landsberry stepped in front of them and saved them. i guess he was aiming at them. mr. landsberry stood in front of him and the kid shot him. >> reporter: did mr. landsberry give the kids time to get away. >> yes, when i found out it was pretty heartbreaking. school will never be the same without him. >> reporter:

john blackstone is on the scene of this breaking story. >> reporter: the first shots were fired by the 13-year-old gunman just before classes were about to begin. deputy police chief tom robinson. >> the best description is chaos. the kids were running out and they were scared, freaked out. so it'sçó too early to say whetr or not he was targeting specific people or just going on a -- you know, indiscriminate shooting spree. >> reporter: students say mathÑi teacher michael landsberry approached the boy and told him to lower the weapon but the teen shot landsberry in the chest. >> in my estimation, he is a hero. we don't know everything he was doing yet but we know he was trying to intervene. >> reporter: sparks students describe landsberry as a school favorite. the air national guard veteran also coached the school's soccer team. players remembered rubbing his bald head for good luck. vanessa jiminez was in landsberry's math class last year. >> he was an amazing teacher to me. like -- he was like a hero to me. >> reporter: investigators so far have not identified a motive for the sho

john blackstone has the answer. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, in the battle over the budget, every clock in washington is ticking towards the first government default in u.s. history. every clock but this one. the ohio clock, as it is known, has stood in the senate for two centuries, but it stopped because the people who wind it have been furloughed by the government shutdown. that shutdown started nine days ago when republicans in the house refused to fund the government unless they could roll back obamacare. next week, the government will not be able to borrow enough money to pay its bills unless congress raises the so-called debt ceiling. these two crisis-- the shutdown and the debt ceiling-- were discussed at the white house late today by the president and republican leaders. we have reports from both ends of pennsylvania avenue. we're going to go first to major garrett at the white house. major, the meeting just broke up. what's happened?

. >> blackstone says they committed to investing in the communities where they are buying. >> i think it's hard that we are betting on america with this housing strategy. we are betting that our housing strategy will recover. >> i have talked to my client and they tell me they are planning for a prong term hold. >> big investors are looking to even up the housing market. we are going to come back next month andbly our gunls and a little fishing in the big pond. >>> socialologists call them test towns areas in chicago and boston that are homes to staffing agencies. >> they pay low wages for a company that wants flexibility. we'll take you to tempt house. >> regular job it means you are living from pay neck tock may yun. tock -- from pa paycheck to too paychec. [[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered? antonio mora brings you smart conversation that challenges the status quo with unexpected opinions and a fresh outlook. including yours. consider this

>> nicholas king is deputy director and instead we now have the fabulous, the wonderful miss cammy blackstone. c'mon up. so this year at this summit we've introduced something new and different for all of you to participate in. cammy is going to explain it and introduce it to you. >> all right we are trying to keep everybody engaged and involved. my new job is question queen. you may have gotten a yellow card when you came in. those are trivia question cards. i'm going to ask a trivia of questions. it's not a pop quiz. as we go through answers you can win prices. the first question, out of all the places that sell draft beer in san francisco. the number one seller is at&t park. who comes in at no. 2. don't shout it out. at the episode -- end of the program you can win prices. okay. we are doing trivia questions all through the program. okay. i would like to now bring to the stage supervisor scott wiener. [ applause ] >> good afternoon, everyone. thanks for having me today. i'm glad we are able to do these summits and bring everyone together to discuss our best practices and really embrace and

. >> blackstone says they committed to investing in the communities where they are buying . >> i think it's hard that we are betting on america with this housing strategy. we are betting that our housing strategy will recover. >> i have talked to my client and they tell me they are planning for a prong term hold. >> big investors are looking to even up the housing market. we are going to come back next month andbly our gunls and a little fishing in the big pond. >>> socialologists call them test towns areas in chicago and boston that are homes to staffing agencies. >> they pay low wages for a company that wants flexibility. we'll take you to tempt house. >> regular job it means you are living from pay neck tock may yun. al jazeera america - a new voice in american journalism - >> introduces america tonight. >> in egypt, police fired teargas at supporters of the ... >> a fresh take on the stories that connect to you. [[voiceover]] they risk never returning to the united states. >> grounded. >> real. >> unconventional. [[voiceover]] we spent time with some members of the gangster discipl

blackstone is the largest investor in single family rental ho homes. a lot of investors out there doing this, buying and rehabbing the foreclosures. blackstone through its invitation homes has spent an estimated $5.5 billion on more than 32,000 homes according to a recent report from kbw. this securitization is really just the next step in leverage, but investors say they already have a lot of questions. >> -- acted like, you know, we are and traditionally the sbrs deal, and from an ongoing perspective, looking at the operations. this is a, again, a new asset class. and so, we want to make sure that the sponsor that has invested the equity is going to be able to collect rents, rerent the properties in a fairly short period of time and be efficient about operations. >> again, these could be launched by the middle of next week. jpmorgan, credit suisse and deutsche bank will market the deals. they represent a few thousand homes. we don't know exactly where the homes are located. we know that most investment in single-family rentals has happened in souther

and, blackstone advisory partner vice chair and all-around brilliant investor, he needs no introduction but we will give it to him anyway. he is the expert, you have to see what he sees on the landscape ahead when it comes to investing. a fox business exclusive to see where he sees opportunity. first interview exclusively after the fed's non-decision. what's keeping him up at night? thrusters at 30%! i can't get her to warp. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current sittion seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on y

everyone who owns blackstone group. to hedge fund is preparing to sell half a billion dollars in rand backed securities, similar to mortgage-backed securities, but these bonds are backed by monthly rent paid they allow a transfer of risk from blackstone to bondholders. investors are liking what they hear about that. the stock closed up more than three and a half% today. jonathan gray collins 40 million shares of the company. that means he made thirtysomething million dollars today. very nice. all right. and finding forgotten money. a guy in norway who bought about $27 worth of bids : back in 2009, he was writing a thesis on encryption. he then forgot all about it until the widespread media coverage. when he checked on his investment he calculated that it had turned into a windfall of an amazing 806,000. and i get excited when i find it tandon bill in my jacket. throwing "money" away, this guy went to the mat to prevent his ex-wife from getting any money in a divorce. he told the judge that he converted their life saving

for "cbs this morning" john blackstone blackstone. >>> britain's guardian said syria destroyed all chemical weapon factories. the confirmation meets a key deadline. >>> the "washington post" looks at the federal reserve's decision to leave the massive economic stimulus program in tact. calling economic growth moderate but says unemployment is still high. >>> bloomberg"bloomberg news" says passengers may not have to turn off electronic devices when they fly. airlines need to conduct safety tests before any rules are changed. >>> ut san diego looks at a sophisticated drug tunnel found underground between san diego and tijuana, mexico. the number of tunnels have been uncovered. >>> and the coast guard visited a mysterious barge in san francisco bay but no one is talking. as we reported the barge may belong to google but the coast guard won't say who owns it. spokesman says information will be released when a >>> we are starting out with clear skies on this halloween. the temperatures a little chilly in spots especially in the north bay valleys, down into the 30s there now. 40s and 50s elsewher

several are shot, a popular teacher dies defendingÑi othersi john blackstone is on the scene. we've investigated the obamacare web sites. today the president says what he thinks. >> nobody's madder than me about the fact that the web site isn't working as well as it should. >> pelley: wyatt andrews on what isn't working. a naval officer and ançó n.c.i.. agent have been arrested in a prostitution and bribery scandal. david martin reports. and speeding to a freeway near you. they call themselves stunters. what they're doing is illegal, but bill whitaker finds stunting is a growing phenomenon. >> pelley: what(>> reporter: whe you stop? >> i believe really nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. there's been another deadly shooting at a school-- this time a middle school in sparks, nevada, east of reno. the police are telling us that a student shot and killed a teacher and then wounded two

blackstone group, we've been recommending that for a long time. textron is an underperforming stock that could always -- always one step away from breaking up and making awes lot of money. yahoo is breaking up and making us a lot of money. and hasbro. we have a toy company. let's call it an internet company. we have a diversified conglomerate. a private equity company and a casino company. that's perfect. that's what i want to see. i've got that broad nature. i need to go to jonathan in massachusetts. jonathan? >> caller: boo-yah, jim. congratulations on your 2,000th episode. i have rige, boeing, and amd. >> all right. well can take care of this quickly. amd is tech. boeing is aerospace. citi is bank. and this is a spec is stock. we have aero, tech, auto, bank and spec. i like that. i think that's a real good portfolio. well, that's the end of the 2001 space odyssey of "am i diversified." stay with cramer. >>> keep up with cramer all day long. follow @jimcramer on twitter, and tweet your questions, #madtweets. building animatronics is all about ge

john blackstone finds there's no money for federal loans that create jobs. >> it just makes no sense to me. >> pelley: and in a bizarre twist, the shutdown means prison inmates are being paid but guards are not. millions visited the web site for obamacare but how many are signing up? anna werner reports insurance companies are worried. leslie stahl introduces us to a man who saved more than 100 desperate refugees by telling the government they were all his children. >> reporter: is your heart pounding? palms sweating? >> i certainly was nervous, yes. >> pelley: and "on the road." steve hartman with a man who lost his sight but found his calling as a home builder. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.

blackstone group, we've been recommending that for a long time. textron is an underperforming stock that could always -- always one step away from breaking up and making awes lot of money. yahoo is breaking up and making us a lot of money. and hasbro. we have a toy company. let's call it an internet company. we have a diversified conglomerate. a private equity company and a casino company. that's perfect. that's what i want to see. i've got that broad nature. i need to go to jonathan in massachusetts. jonathan? >> caller: boo-yah, jim. congratulations on your 2,000th episode. i have rige, boeing, and amd. >> all right. well can take care of this quickly. amd is tech. boeing is aerospace. citi is bank. and this is a spec is stock. we have aero, tech, auto, bank and spec. i like that. i think that's a real good portfolio. well, that's the end of the 2001 space odyssey of "am i diversified." stay with cramer. >>> keep up with cramer all day long. follow @jimcramer on twitter, and tweet your questions, #madtweets. my customers can shop around. but it

blackstone through its invitation homes has bought upwards of 40,000 homes for around $7 billion. investors want to know how they're managed, where they're located, their value, the local market dynamics, where home prices are going in those markets. it's a lot to learn here. deutsch bank, jpmorgan and credit suisse on board to start. at least one will be triple a rated. investors we spoke to say they're not relying on the ratings. geb, they want to know all the details surrounding these properties. so far we don't know where the properties are located. but investors have bought mostly in southern california, arizona, nevada, and more recently in arizona. there's been a lot of controversial around the rental play. reo to rent when investors were putting so much money into the foreclosed homes and rehabbing them as home prices go up the market is really getting, you know, more difficult to play and obviously they're looking to get more cash from wall street to put into the market. so this is going to be interesting to watch going forward. more on-line, of course. realtycheck.cnbc.c

john blackstone was with betty as she went back to work. >> reporter: during the government shutdown, anger and arguments spread across the nation. >> we have had enough. >> reporter: but one federal employee, park ranger betty reed soskin watched it all with patience. >> i think i was optimistic because i've seen times that were equal to this in uncertainty. >> reporter: and things have worked out all right? >> yes, ultimately they all worked out. >> reporter: she is 92 years old. the nation's oldest park ranger has her hat on again. >> that's right. being under the hat is really important to me. >> reporter: the park where soskin works is small. the ratesy the riveter national park in richmond. its reopening did not attract a huge crowd like the one at the national zoo. the closed sign was simply taken down at the visitors center then she helped another ranger with the most important part of the ritual. >> that means something. >> raising the flag. >> yes, absolutely. >> she tells visit ires on how thousands of american men and women became part of an unprecedented mobilization of l

. >>> blackstone is raising eyebrows issuing bonds backed by rental homes. let's get to diana olick. i hope this is -- i don't know, case of feels like a case of deja vu all i'm going to say. >> yeah. i call it back to the future, mandy. it's a clever new investment product that's ironically modeled on a product that caused much of the financial crisis. not a new mortgage backed security but a rental backed security. investors have poured over $20 billion into foreclosed properties over the last three years. they've rehabbed them to rent, but now they want more. that is, more cash to invest more. the biggest player, blackstone is about to offer bonds backed by the rents of its homes. call them rental backed securities. it's a $500 million deal that sources say could happen as early as next week. the details are still sketchy but they will be sliced and diced like mbs. sources say there will be one triple a rated but the ratings disasters of the financial crisis, investors we spoke to said the ratings don't really matter. >> it won't come into play whether we

john blackstone, cbs news, california. >> they are all precious and all great characters. >> have you ever seen one out of the wild in >> i have. >> yes. >> they're adorable. the cutest little faces. >> yeah, you can go out on the cruises. >> yeah, right there. >> keep a safe distance for them. >> yeah, exactly. i did not get too close. because they do bite. >> as you can take a look at the numbers right now, we're looking at mostly in the upper 60s with the dense fog coming on through the golden gate bridge and a chilly night around the bay. tomorrow it will be bright and beautiful for the most part. we'll have a little fog to start out with. otherwise the morning show will be talking about mostly clear conditions. here's what's happening next. the high surf is out there tonight with a pretty robust northwesterly swell. and between now and midday tomorrow, temperatures near 90 degrees inland by friday. so we've got a warming trend. the numbers are coming up with the low pressure triggering some of the showers over the area moving out over the queen charlottes. we're looking for thing

as job blackstone shows us, a crucial mistake may give investigators a very real victory. >> reporter: fbi agents entered the science fiction section of the san francisco library on tuesday and arrested the man, 29-year-old roaz obrecht. he's the mastermind behind an underground drug market known as silk road. >> it was set up to be completely anonymous, hidden from law enforcement efforts. >> the site was shut down by the fbi. it products included illegal drugs from heroin to location and also guns, fake licences, and hacking services. >> this is a website through which it's estimated $1.2 billion passed. >> the operation used a cyber currency called bit coins which are independent of financial institutions, making them hard to trace. albrecht also signed them outside of the regular internet. instead he set it up which allows users to visit it anonymously. >> it was a sophisticated electronic smoke screen and it took federal agents almost two years to infill trait albrecht. according to the fbi, albrecht not only want on to become the largest digital drug lord but with a twist straig

if you want to look at a bank the one that sticks out to me blackstone had a big day today. if you want to look at usb next week should be interesting. >> it took an $8 billion write down on fines. the operating business of jp is fine. >> that was good news. they left a lot of comfort, that they are well reserved on the litigation side actually i thought they did better. >> big movers, for the week. drop for citrix systems down 16%. >> the stock was down 12.5% in one day. down for the quarter, just reported. you have to wait a week see what the guidance looks like going forward. this stock went from 52 week highs a month ago. i think it's a no touch. >> darden up 8%. >> these restaurants do what they do regardless of the sector. winners and losers separate themselves. darden is in the winner's camp. >> netflix, down 8%. tim. >> we talked about the internet momentum stocks, and how they were the first to go down and the fears around washington. netflix rallied back. my point yesterday in a street fight was these guys i think hit saturation levels in the u.s. at 40%. they are

john blackstone, cbs news, richmond, california. >>> well, coming up after your local news on "cbs this morning," janet yellen being tapped to head the federal reserve. we'll examine what she's doing. >>> plus tracing a salmonella outbreak linked to chicken. we'll look at the government's response. plus we'll follow the underground artist banksy. >>> that's the "cbs morning news" for this wednesday. i'm anne-marie green. have a great day. -- captions by vitac -- www.vitac.com i'm michelle griego. and i'm frank mallicoat its- lets get right over elizabe wenger with >>> your realtime captioner is mrs. linda m. macdonald. >>> good morning. it's wednesday, october 9. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. we'll get you out of the gate with traffic. >> there was a police chase that ended in a crash and the on-ramp westbound 80 at central avenue is shut downright now. it is not impacting the main lines of the freeway. we'll break down what happened coming up. >>> currently 44 degrees in napa to the low 50s around most of the central bay partly cloudy in san jose at 53 degr

john blackstone shares the lessons she has for all of us. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod with a western edition of the broadcast. we have breaking news to report. two convicted murderers who walked out of the sameri

john blackstone has the answer. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.

here's john blackstone. >> reporter: although they are a threatened species protected by federal law, the sea otters that live along the central california coast seem not to have a care in the world. the latest count shows their numbers up slightly to almost 3,000. a lot of the credit is going to dr. mike murray of the otter rescue team from the monterey bay aquarium. this year, the sea otters produced a record number of pups. some from orphan otters savedded by dr. murray. >> these were or fans that we came in that we reared up to a point where they could handle solid food. >> reporter: dr. murray has worked to save otters for 20 years. people love them because they're so cute but that's not necessarily their nature. >> no. i like to consider them sea wolverines. they are not very friendly. they're rather pugnacious. >> reporter: since otters learn from their mothers how to hunt and feed, orphan pups are unlikely to survive in the wild so the orphans rescued by the aquarium have to be taught. a decade ago the aquarium tried using human surrogates who play the role of otter mother, ev

. >> pelley: john blackstone in sparks, nevada. john, thanks very much. we're going to visit the camp where a mystery child was found. and choking smog shut down a major city when the cbs evening news continues. campbell's homestyle soup with farm grown veggies.er ] just like yours. huh. [ male announcer ] and roasted white meat chicken. just like yours. [ male announcer ] you'll think it's homemade. i love this show. [ male announcer ] try campbell's homestyle soup. [ male announcer ] you'll think it's homemade. i'm bethand i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. millions have raised their hand

the government deloitte who we've been talking about also audits the fed also audits blackrock and blackstone you know girl parts of what the federal government the u.s. had to do to try to recover buying assets for from. the door after the crisis in the tarp program and other programs to try to recover from the crisis so they need these audit firms because they're working for the government while they're working for private companies and they're working all over the world and they're part of this network and they play switzerland and they're protected by the government from prosecution reisa just to reiterate here that what they've got the c.e.o. tell are being on replacing the same securities is done by a just b.c. barclays lawyers in r.b.s. every single day in the city of london they call the question but it's just fraud now finally francine what's the latest on all the dodgy accounting at j.p. morgan's london the well and now it's eleven billion dollar mortgage backed securities fraud charges. that settlement with the f.c.c. talk about a fire so they wanted so much to patrol that as a sar

the government deloitte who we've been talking about also audits the fed also audits blackrock and blackstone you know girl parts of what the federal government the u.s. had to do to try to recover by assets for from. the door after the crisis in the tarp program and other programs to try to recover from the crisis so they need these audit firms because they're working for the government while they're working for private companies and they're working all over the world and they're part of this network and they play switzerland and they're protected by the government from prosecution reisa just to reiterate here that what they've got the c.e.o. tether being on of replacing the same securities is done by a just b.c. barclays lloyds and r.b.s. every single day in the city of london they call occasion but it's just fraud now finally francine what's the latest on all the dodgy accounting at j.p. morgan's london the well and now it's eleven billion dollar mortgage backed securities fraud charges. that settlement with the f.c.c. talk about a farce they wanted so much to patrol that as a sarbanes oxl

the government deloitte who we've been talking about also audits the fed also audits blackrock and blackstone you know girl parts of what the federal government the u.s. had to do to try to recover buying assets for from. the director the crisis in the tarp program and other programs to try to recover from the crisis so they need these audit firms because they're working for the government while they're working for private companies and they're working all over the world and they're part of this network and they play switzerland and they're protected by the government from prosecution reisa just to reiterate here that what they've got the c.e.o. tell are being on replacing the same securities is done by a just b.c. barclays lloyds and r.b.s. every single day in the city of london they call prosecution but it's just fraud now finally francine what's the latest on all the dodgy accounting at j.p. morgan's london the well and now its eleven billion dollar mortgage backed securities fraud charges. that settlement with the f.c.c. talk about a farce they wanted so much to patrol that as a sarbanes

the government deloitte who we've been talking about also audits the fed also audits blackrock and blackstone you know girl parts of what the federal government the u.s. had to do to try to recover buying assets for from. the director the crisis in the tarp program and other programs to try to recover from the crisis so they need these audit firms because they're working for the government while they're working for private companies and they're working all over the world and they're part of this network and they play switzerland and they're protected by the government from prosecution reza just to reiterate here that what they've got the c.e.o. tether being on replating the same security this is done by a just b.c. barclays lloyds and r.b.s. every single day in the city of london they call occasion but it's just fraud now finally francine what's the latest on all the dodgy accounting at j.p. morgan's london the well and now it's eleven billion dollar mortgage backed securities fraud charges. that settlement with the f.c.c. talk about a farce they wanted so much to patrol that as a sarbanes ox