there is some optimism but fingers still crossed this morning. ed lavendera, we ll be checking in with you. thanks. president obama calls the break-through in the gulf a positive sign but white house officials insist they re not celebrating just yet. the president has suffered politically from his handling of the gulf crisis. his senior advisors believe their momentum was building earlier this spring before the oil started gushing. senior white house correspondent ed henry is in washington this morning with that part of the story. ed? reporter: the president was giving a statement on the south lawn of the white house reacting to the fact that the wall street reform bill passed in the senate but i shouted him a question at the end about these developments in the gulf. he told me that he sees this as a positive development, but as you noted, these tests are still ongoing so the president said he doesn t want to get ahead of that. he is planning to make a statement in the morning befo
could be the beginning of the end. that the tone from especially from officials along the gulf coast is that everyone is still cautiously optimistic but hoping in some sort of way, either the cap works by itself or they re able to collect all of the oil and keep it from flowing into the gulf of mexico. it s a huge breakthrough and people really are anticipating something big here. jim and kiran? all right. ed lavandera. fingers crossed. as we said, 16 hours and counting and should know mow how the tests are going this afternoon. and a nice opportunity to get good news down there for a change. i know. down there since the very beginning of this. doing great stuff. in the 88th day of the disaster in the gulf. for months watching in horror as clouds of crude billowed into the sea. that s what makes this before and after video so heartening. on the right a chance to exhale and what is happening now on the right. not single drop of oil is coming
i m sure it was a lively crowd. well, jim, above all, the shrimpers, fishermen, local business owners just want to know how feinberg is going to keep them from going broke. as of now, bp s been handling this claims process. feinberg says in about three weeks he is going to be completely taking over. yesterday he made a point to tell everybody that the money is there. also that he s working independently of bp or the u.s. government. feinberg says he is also going to make the process easier. we spoke about with a lot of fishermen who say in the past they really didn t know what s going on. he says now he ll cut six-month checks to these workers. in the past bp was just cutting checks on a month-by-month basis. feinberg also says he s going to try to pay out legitimate claims within 24 to 48 hours. we caught up with him as he was speaking to a standing room only group of shrimpers and fishermen in lafitte, louisiana. this was around the same time that news broke that no more oil is lea
thanks, mary. digging that story. he digs it. you couldn t wait to say that. half past the hour. checking our top stories this morning. a new report says that apple s top boss, steve jobs, was warned about potential problems with iphone 4 s wraparound antenna design. that comes from bloomberg news this morning. apple is giving a press conference later today to deal with this issue. they are expected to talk about problems with their new generation smart phone and there is even talk of a full recall. tech block cnet estimates that could cost apple $1.5 billion. wall street giant goldman sachs has agreed to pay a $250 million fine. they were accused of duping people into investing in subprime mortgages essentially designed to fail. $550 million is just about four days of revenue for goldman. just a drop in the bucket for them. the cap is holding. that s the good news this morning. not a single drop of oil is leaking, at least for now, from
sustainability, how long can this containment cap sustain this situation. that is, being able to work keeping the flow of oil from continuing to flow into the gulf waters. we do know that scientists are monitoring those pressure gauges around the clock, that they have been huddling up in six-hour intervals to kind of compare notes and see how to move forward. the fact that we re still seeing these amazing pictures from the bottom of the gulf waters is a good sign, because they had been telling us that if things had gone wrong or if the pressures started dropping, they could essentially end this integrity test at any point. so the fact that they re still doing this is a good sign. it is supposed to last up to 48 hours. then the question becomes, what next? there is a couple of different options. there is the possibility that the containment cap continues to work the way it is by itself, but what admiral thad allen, as everyone knows, the man in charge of the federal response, he seemed