Monday, december 3rd im dave clark. And im pam cook. Thank you for joining us. Steve paulson is here with the wild weather we had. And then whats in store for us. Quiet today. There will be one more system coming in tomorrow you two. Its cold out there. A lot of upper 30s and 40s. The weekend system was very mild. That is not the case now. We had a lot of cool air. Mostly sunny today. That will not be as strong as anything we saw. Any rain forming is not so good. Dry monday. Patchy fog. Well have more of that rain coming up. Heres a live look at the mccarthur maze. You can see the traffic flowing nicely on the far right hand side. Folks heading out to the bay bridge teleplay toll plaza. Also traffic looking good. Lets head back to the desk. We are tracking breaking in is where chp cruiser flipped over during a High Speed Pursuit that reached speeds of 100 miles an hour. It happened just after 3 00 this morning on 580 eastbound near flynn road. Were told two chp patrol cars were pursuin
Took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pass emergency legislation to tackle 100 billion shortfall in its pension obligations. Thats huge money and people will pay the price. On this edition of inside story well look at the tradeoffs and solutions when Balance Sheets teeter to the brink of disaster, and we start in detroit. Let me just say that the judge has spoken, and i do think its a tough day for all of us here in detroit [ music ] once the nations fourth largest city, the heart of the Auto Industry and the soul of American Music todays detroit is a portrait of urban decay and facing a water shed moment. It is the largest municipality in u. S. History to file for bankruptcy. A federal judge ruled the city is not only insolvent but in a decisive verdict declared that pensions will be included on the chopping block. Dave bing is the outgoing mayor. The only
Turning to political strife in the ukraine. Cyber reports driven by mobile and holiday data continues to trickle in. An upgrade in acquisition and reports in china mobile all amounting to a rise in apple shares. And shipments expected to fall by double digits this year, the most severe contraction on record. And some food for thought as news from yum brands and krispy disappoint. Comscore says shoppers have already spent about 20 billion online this year, up 3 . Ibm also saying some pretty eye popping figures saying both mobile traffic and mobile sales came in at more than 40 higher from a year ago. The data just continues to add up regarding the strn of mobien mobile, jim. I reiterate this is an apple Holiday Season. Dont want to get too focused on apple. Thats the metaphor. Seems like people want to buy phones and buy tablets. The pc numbers are dreadful. On the Hewlett Packard Conference Call, they know they got to ramp up tablet. They know it but theyre more focused on the commerci
Panicalmness. Al jazeera will not play those recordings. Around 29,000 people signed up for Health Insurance on sunday and monday. A figure that surpasses the total for the whole month of october. And president obama said the income ga gap between rich and r americans is widening, and jeopardizing the middle class. Noticinside story is next. Detroit prepares to navigate the road ahead in bankruptcy. But its hardly alone in its efforts to solve the burden of runaway debt. Im ray suarez. Bankruptcy lessons learn and the real impact on peoples lives. Thats the inside story. In the 1950s, a gm ceo famously said what is good for our country is good for general motors, and vice versa. As the Auto Industry sank it took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pass emergency legislation to tackle 100 billion shortfall in its pension obligations. Thats huge money and people
A bipartisan letter with democrats defecting from the boehner plan. In the meantime, a nice game for the day for the dow, but a stunning selloff for apple. Do you know what . Fiscal cliff or not, the s p 500 is up 12 year to date. That is a handsome gain for investors, an optimistic year, believe it or not. And we already bailed out detroits auto industry. But now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. This sure isnt the free market, and i asked why should a texas taxpayer bail out detroit . Breaking news from syria, and it is a blockbuster. The assad regime is walking and loading its chemical weapons, ready to use them on its own people. Nbcs chief pentagon correspondent joins us now. Jim, is this the red line president obama was warning about . Well, not quite yet. U. S. Officials tell us that the Syrian Military is poised to use chemical weapons against their own people, and all it would take really is the