times for people who aren t rich players or owners. take san antonio. the spurs are the only major pro sports team. some 4,000 people depend on them for a living. and then cities like sacramento, orlando, portland, salt lake city, the nba is the only major pro sport in that town. we ll see the economic impact there for sure in those cities. so, let s talk more about this with mike pesca from mpr. mike, it s a complicated money dispute, no doubt. what is the main sticking point at 9:01 eastern time on this tuesday? money. lots and lots of money. the players get 57% of all basketball relate under come and the owners get 43% and the owners are saying just not a high enough percent for us to have this be a viable business. inowners are saying 22 of the 30 teams don t make a profit. they re willing or at least publicly saying they re willing to blow up this system. nba players are very well paid. the best in professional sports in the world. their average salary is between $5 mi
researchers believe you may be doing yourself more harm than good. it is tuesday, october 11th. this is your a.m. wake-up call. i m carol costello joining you live from new york. president obama s $447 billion jobs bill faces its first vote in the senate later today. in a warning to republican critics, the president s senior campaign strategist says that voting against the measure could cost them the election. next year in a member row release the by the obama campaign david axelrod wrote the more people know about the american jobs act, the more they want congress to pass the plan. axelrod also takes aim at critics of the bill s millionaires tax quoting while republicans claim it is class warfare, the american people are seeing right through their opposition to asking the wealthiest to do their part. some democrats have doubts and while they control the senate there is no guarantee the bill will get the 60 votes needed to clear tonight s procedural hurdle. the occupy
all right. first, though, big news today. the trial of the accused underwear bomber begins this morning with earnest with opens statements at the federal courthouse in droit. umar farouk abdulmutallab is charged with trying to blow up a flight on christmas day 2009 with a bomb hidden in his underwear. the defendant is acting as his own attorney. cnn s deb feyerick in live in detroit, where you were the night this all developed and christmas day 2009. deb, what is the situation? reporter: well, ali, christine and carol, we can tell you that he is facing eight charges today. it carries a maximum sentence of life in prison. the charges against him, attempted murder, attempted use of a weapon of mass destruction and also conspiracy toy commit terrorism. the nigerian grat witt student turned accused suits bomber is acteding as his own attorney and umar farouk abdulmutallab shown he is defind. during jury selection he invoked his meant, jihad mentor, recently killed in an air
spill off its island is the worst maritime disaster. oil is gushing from the container tank rena which ran aground on wednesday. the man who some call the merchant of death is facing trial in new york this week. suspected russian arms dealer ric viktor bout has been accused of transporting arms around the world. bout has pled not guilty. the iranian government sentenced an actress to a year behind bars and 90 lash force her role in this film my tehran for sale. the film criticizes the islamic republic for limiting artistic expression. those are the headlines from cnn, the world s news leader. world business today starts right now. good morning from cnn london, i m charts hodson. good afternoon, from cnn hong kong, i m andrew stevens. you are watching world business today. the top stories this tuesday, october 11th. beijing steps in to buy chinese banking stocks. just how much trouble are the banks facing? we are joined live from the nation s capital. rising floo
is without equal. visit us online to learn what makes our bank so different. usaa. we know what it means to serve. megyn: story out of tehran getting a lot of buzz today, an iranian actress sentence today a year in jail and 09 lashings 90 lashings over a movie role. the woman was arrested after appearing in the film, my tehran for sale, which criticizes iran s clampdown on artists, of course. she plays the role of an actress force today lead a secret life in iran, only to eventually escape. the film is being distributed