look at this. tesla, right? tesla held an ipo last week. tesla is building batteries, electric technology for cars. right? tesla to build electric toyota rav. raising $216 million about a week ago in its ipo. five problems plaguing the iphone 4. the big news conference coming up next hour right here in the cnn newsroom. you ll be joined by don lemon. let s get you to the big board now. we are down 201 points. a really steep sell-off going on. nasdaq down 54 as well. some republicans are already calling for the financial reform bill to be repealed. patricia wu joins us from new york. there was a lot of criticism about the legislation but you ve done some fact checking for us.
already he says, he wants a new life. i want to change my life. reporter: he suffered from adhd and severe anxiety. i draw a picture about my family because they were fighting. sometimes when i fight, is because when my dad drinks. reporter: carlos s father did not want to be on camera but acknowledged he has had a hard time lately and financial pressures only makes things hard at home. his mother wants to keep the family together. her son was failing school and becoming disruptive at home. but when she went looking for help what she found were clinics grossly overburdened. reporter: $216 million was slashed from the mental health department, so now they are taking children that are only suicidal or physically violent.
reporter: carlos s father didn t want to be on camera, but acknowledged he has had a hard time lately and financial pressures have made things worse. she knows she needs help, her son was failing in school and becoming disruptive at home. when she went looking for help she found clinic grossly overburdened. reporter: $216 million was slashed from its mental health department. now they are only taking children who are physically violent or suicidal. not kids like carlos whose condition may not be as urgent but still just as serious. it took nearly a year for her to fine st. johns, a free clinic that would help. i asked her why she was so emotional. she told me her kids are
$216 million was slashed from its mental health department, so now they re only taking children who are physically violent or suicidal. not kids like carlos, whose condition may not be as urgent, but still just as serious. it took nearly a year for laetitia to finally find st. john s, a free clinic that would help. i asked her why she was so emotional. she told me her kids are everything to her. sometimes you and george get into fights. and she allowed us to shoot her son s therapy sessions, because she wanted to put a face on california s bruising budget crisis. and what did we learn last week? we learned about when my mom fight with my dad, i have to read a book. good job. good job! reporter: now, just as core lows is starting to make progress, laetitia learns st. john s clinic is having its
number one issue is the safety and security of every resident that lives in orange countyments now what the federal government is saying, the obama administration planning to offer up 200 million dollars for a city that takes this on for security. 200 million dollars is a lot of money for security. yes, it may be, but i tell you, i ve read what the obama administration said they re saying that 200 million is for security purposes. i don t think it s enough. even mayor bloomberg himself has said recently, 216 million dollars just in the first year, as a revenue source. so it won t be enough. but let s be honest new york city is not newburgh, new york. right, i am there are a lot more security concerns in the density tan in newburgh, new york. we differ there a little bit and i dvrment i say this i agree with bloomberg they shouldn t be held in new york city. let s take a step further not held in orange county, in washington d.c. when i put my first press release out to president