tv CBS Morning News CBS May 18, 2012 4:00am-4:30am PDT
new evidence. 200 pages of documents and it's still unclear what really happened the night george zimmerman shot trayvon martin. friending facebook. the social media giant could become bigger than disney as its stock goes public this morning. and disco legend. donna summer has died. ♪ ♪ lovely lovely lady this is the "cbs morning news" for friday, may 18, 2012. good morning and thank you for joining us. i'm manuel gallegus. it's still unclear exactly
what happened the night george zimmerman shot and killed florida teenager trayvon martin, but a mass of evidence just made public sheds new light on the case. susan mcginnis is in washington with details. good morning. >> reporter: good morning, manuel. there are 200 pages of documents, photographs, audio recording and some video. some of the evidence does confirm george zimmerman's story, but crucial evidence ended up proving inconclusive. it's february 26th and trayvon martin has about 20 minutes to live. this convenient store surveillance video shows martin buying candy and iced tea just before his fatal confrontation with george zimmerman. >> there's a black guy down. it looks like he's shot and dead. >> reporter: investigates found no evidence martin was involved in any criminal activity as he walked to the home of his father's fiancee. crime scene photos show a bullet casing in the grass and one of
zimmerman's gun and holster. no one saw the deadly shot but one unidentified witness said he saw martin beating martin. >> the good in the top on the black hoodie he was throwing down blows mma style. >> like a ground and pound? >> yeah, ground and pound. >> reporter: these are photos of zimmerman taken minutes after the shooting. it appears he has a broken nose and there are bloody cuts on the back of his head. simpli he maintains he was being assaulted when he fired his gun. the autopsy found he was shot in the chest, wound surrounded by gunpowder gurns and the men were no more than 18 inches apart when the gun was fired. the confrontation was ultimately avoidable by zimmerman if he had waited in his vehicle and awaited the arrival of police. small traces of marijuana were found in martin's system but not enough to impact his behavior.
what we don't know is how this confrontation began, if it was racially motivated. george zimmerman is free on more than amazon.com, walt disney and mcdonald's. good morning. >> reporter: good morning. right behind me is where all the action will be this morning. and at $38 per share, facebook's market debut is expected to be the biggest tech ipo in history. facebook programmers worked through the night at the annual hack-a-thon. many of these employees are about to become millionaires.
ceo mark zuckerberg will have a net worth of nearly $20 billion. not bad considering he started facebook in his harvard dorm room nine years ago. with that much cash comes new pressure. >> the bigger you get the harder it is to go fast. >> reporter: facebook makes 80% of revenue from advertising. that comes to $4.34 peruser. a new valuation of $100 billion means the company needs to increase revenue to several hundred dollars peruser to prove its worth. >> they're under enormous pressure to show how to make money from mobile. they're under enormous money to show how to make advertisement from. >> reporter: they'll be traded on the nasdaq under ticker symbol fb but the valuation is 100 times higher than annual earnings. apple 14 times priced to earning ratio and it becomes clear it's not a sure thing buying fb will be a good investment.
>> the key thing for investors is whether or not facebook can grow beyond now. that's the key for a company starting out with such a big valuation. >> reporter: but the company does have plans for the future. >> facebook's long-term goal is to try and be the gateway to the internet. >> reporter: and now the company will have the cash to help it achieve its goals. and mark zuckerberg is expected to ring the opening bell remotely from facebook's headquarters in california. even though the markets open at 9:30 a.m. eastern time, facebook shares aren't expected to start trading until 11 a.m. >> we'll know it all soon enough. thank you. on the "cbs moneywatch," hewlett-packard is poised to slash thousands of jobs and postal service overhaul. ashley morrison is here with that and more. >> good morning to you. overseas tumbled on disappointing u.s. economic reports. tok tokyo's nikkei sank 3% for a seventh straight week of losses,
while hong kong's hang seng lost 1.5%. wall street looks to rebound today after another down day thursday. the dow sank 156 points while the nasdaq was off 60. facebook co-founder ed ard dough saverin says he plans to pay taxes. he moved to singapore three years ago and in september renounced his u.s. citizenship. several u.s. lawmakers are outraged, charging he's trying to avoid millions in taxes and want to prevent him from re-entry into the country. it's reported that hewlett-packard, the world's largest maker of pcs and printers is ready to cut tens of thousands of jobs. "the wall street journal" says the computer giant could eliminate nature as many as 30,000 positions. the personal demand for computers has shrunk as more people connect to the internet on their smartphones. mortgage rates in the country fell to record lows for
a third straight week. the rate on a 30-year loan dipped to 3.79% while the 15-year fell to 3.04%. but the low rates haven't helped the housing market because lenders have made it tougher to qualify for a loan. and the postal service says it's moving forward with plans to shut nearly 250 mail processing centers. the postal service says it will consolidate 48 processing centers this summer but will stretch out the remainder through 2014. congress continues to debate legislation to overhaul the agency. and the postal service just continues to struggle, manny. >> ashley morrison here in new york. thanks. the g-8 summit begins today at camp david. italian premier arrived today. president obama is hosting the summit. now to politics. mitt romney denounced a plan by a super pac to highlight
president obama's ties to his controversial former pastor. it since abandoned the $10 million ad campaign. romney said he wants hissallies to talk about jobs and the economy. >> i repudiate that effort. i think it's the wrong course for a pac or a campaign. i hope that our campaigns can respectively be about the future and issues and about a vision for america. >> the white house says romney did not go far enough condemning the campaign ad. donna summer, the queen of disco, has died. president obama said yesterday her voice was unforgettable and the music industry lost a legend. she had been battling cancer. she was 63 years old. theresa garcia takes a look back at summer's glittering career. ♪ on the radio whoa >> reporter: donna summer was a disco icon, a music superstar, who sang much of the soundtrack
of the 1970s. summer's family released a statement saying that she died thursday morning and that she, quote, are at peace celebrating her extraordinary life and her continued legacy. >> i heard the voice of god. and god said to me, you're going to be famous. i began to tell everybody, god said that i was going to be famous. they thought i was insane. that's okay. i had the last laugh. >> reporter: she was born in boston in 1948, sang in the church choir and formed several musical groups while growing up. she dropped out of high school and struggled to launch her career in europe. her breakout hit came in 1975 when the song "love to love you baby "became a disco anthem. they went on to win five grammys for her iconic hits. her music defined the dance music era of the '70s and included '80s acts like duran duran and madonna.
♪ melting in the dark >> reporter: at the height of her career, summer struggled with anxiety and depression. in her memoir she confessed to attempting suicide following a nervous breakdown in 1979, she became a born-again chistian. summer married her second husband, singer bruce sedano in 1980. they had two children and four grandchildren together. in 2009 summer performed at the noble peace prize concert in norway in honor of president obama. she was said to be working on a new album in the weeks before passing away. theresa garcia, cbs news. this is the "cbs morning news." now, there's gentle, dependable constipation relief for me...
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pelted the atlanta area with pea-sized hail thursday, piling up on suburban lawns like a mid-may snowstorm. it didn't last long. the high in atlanta today is expected to top 80 degrees. day to day, even hour to hour, the weather is constantly changing, but climate experts say much of the country is in for an especially hot and dry summer this year. already this spring, we've seen some dangerous wildfires as chip reid reports. >> reporter: in the southwestern united states, the wildfire season is already off to an early start. in northern arizona, near the historic mining town of count king, a fire blew out of control today due to hot, dry conditions and strong winds. now comes more bad news. those conditions are likely to continue. a new report by the federal government's climate prediction center says the southern two-thirds of the nation is likely to be warmer than normal during june, july and august, especially in the southwest. and that means the potential for the worst wildfire season in
years. professor david robinson as a climatologist with rutgers university. >> when your afternoon thunderstorms start erupting across the mountainous west this summer, oftentimes they're not packed with a lot of moisture but they're packed with a lot of lightning. with that tinder dry underbrush and forest canopies, there's a real concern of wildfire across the west this summer. >> reporter: but it's not only the west that's going through a heat wave. in the mountains of north carolina this year, winter never even seemed to happen. and at a mini marathon in indianapolis earlier this month, runners collapsed with temperatures in the 80s and humidity near 100%. in fact, according to the climate prediction center, may 2011 through april 2012, was the warmest 12-month period in the u.s. since 1895, when the government first started keeping records.
one question is, why is it expected to be warmer than usual this summer? well, the climate prediction center says there's no single factor. a multiplicity of factors. they say one reason is it's been a dry winter so the ground is dry, the sun has an easier time heating up the ground, and that heat radiates into the air. chip reid, cbs news, washington. straight ahead, your friday morning weather. in sports, the dark horse pacers shape up as the surprise of the nba playoffs staying cool against the heat.
here's a look at today's forecast in some cities around the country. new york, sunny, 73. miami, thunderstorms. chicago, 77 and sunny. dallas, sunny. los angeles, partly cloudy. now for a check of today's national forecast. scattered showers and thundershowers are likely from the carolinas to florida and southern virginia. the rest of the southeast, the northeast and most of the midwest will be dry. strong winds, hot temperatures and low humidity keep the wildfire threat high from california to the rockies to the intermountain region. in sports, we begin with the nba playoffs. l.a. clippers at san antonio. the spurs' tim duncan showed off his inside move in the first quarter en route to 18 points. and tony parker celebrated his 30th birthday by scoring 22 in the 105-88 victory. the spurs lead the clippers 2-0 in the western conference semifinals. in indianapolis, lebron
james drove for a slam near the end of the first half, but miami faltered without injured chris bosh. the pacers' roy hibbert got 19 points with a spin and layup in the fourth and indy won 94-75 taking a 2-1 lead in eastern semifinals. now to baseball. oakland at texas. the top of the seventh inning, the a's josh reddick hit a solo home run to tie the game 4-4 that led to extra innings. in the tenth, oakland sent up ka'aihue, who hit an rbi single that held up. final score, a's, 5, rangers, 4. in atlanta freddie freeman hit a home run to deep right field giving the braves a 2-0 lead over the marlins in the third inning. and brian beachy got stanton to ground out in the ninth for his complete game shutout as braves won it 7-0. when we return, another look at this morning's top stories. and closing arguments in the john edwards tile trial.
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here's a look at today's forecast in some cities around the country. washington, d.c., sunny, 78. atlanta, partly cloudy, 81. st. louis, sunny. denver, sunny. seattle, partly cloudy, 61 degrees. here's another look at this morning's top stories. 200 pages of evidence on the shooting death of trayvon martin have been released. it includes surveillance video of martin buying candy before his fatal confrontation with george zimmerman. and facebook stock goes on sale to the public this morning. the social media giant is valued at $104 billion. robert kennedy jr. plans a wake tonight in bedford, new york, for his estranged wife mary who was found hanged wednesday in an apparent suicide. the death appears to are
deepened the riff between mary's family named richardson and the kennedy clan. the richardsons are holding their own memorial here in manhattan although they'll attend the memorial tomorrow in bedford. jurors are expected to begin deliberating in the john edwards trial. during closing arguments yesterday, prosecutors said edwards broke campaign finance laws trying to cover up his affair with rielle hunter but edwards' lawyers say he committed sins but did not commit any crimes. if convicted, edwards could get up to 30 years in prison. if all goes well this weekend a company called spacex will make a giant leap for commercial space exploration. they plan to launch a capsule from cape canaveral and it will deliver supplies to the international space station. the first such flight for a private spacecraft. i'm manuel gallegus and this is the "cbs morning news." ( telephone rings )
a disturbing baby trafficking scandal is rocking spain. tens of thousands of newborns may have been taken from their parents and sold to other families. as mark phillips reports, it appears the government and the church may have been involved. >> reporter: so, what do you think happened to your baby? >> i think that my baby was sold. >> reporter: sold? >> sold, yes. >> reporter: on a sunny town square in a spanish village, linda merrill tells a dark story. how she awoke in a hospital after giving birth to find a doctor standing over her. >> i said, where's my baby? and then he said, well, your baby died. >> reporter: 30 years have passed since linda lost her baby. time to learn she's not alone.
linda is one of thousands of spanish women now organizing themselves to search for babies they believe were stolen by an industrial scale baby trafficking racket involving government officials, the medical establishment and a church. linda, the daughter of a american airman who had been based in spain, was given papers saying her baby had been buried. she never saw him. across spain graves are being dug up on court order to see if babies really were buried in them. laura fought for years to have the coffin she was told to contain the remains of her newborn son exhumed. as a mother she says she knows the healthy son she held in her arms for a day and a half before he was taken away did not die. >> no. >> reporter: you don't believe? >> no. >> reporter: it dates back to the franco dictatorship when
authority, whether of government or the catholic church, was not questioned. a lot of painful spanish history was buried during the franco era, a lot involving collusion of the church. now that history is being dug they're digging for the truth. one prosecution of a now 80-year-old nun is already under way. sister maria is accused of taking a child from its mother and suspected of being part of a ring that moved thousands of babies from what it saw as loose moraled families to more desirable, more catholic families. >> i think they were kind of playing like if they were god, you know. >> reporter: laura's search for the truth will take a while longer. remains of a child were found at this dig. dna tests will show if it's hers. if not, she'll keep searching for the son who would now be 31 and who she feels is somewhere looking for her. mark phillips, cbs news, spain. coming up after your local
news on "cbs this morning," more on the latest evidence released in the trayvon martin shooting. we'll hear from the attorney of gunman george zimmerman. plus, california governor jerry brown on closing a $16 billion budget gap. and actor hugh dancy stops by the studio with his new movie "hysteria." that's the "cbs morning news" for this friday. thanks for watching. i'm manuel gallegus. have a great weekend. ,,,,