tv NBC Bay Area News at 11AM NBC May 10, 2019 11:00am-11:31am PDT
is to take it. tennis teaches kids to dream, compete, and succeed. sign up with net generation. right now at 11:00, uber makes its long-awaited debut. the ridesharing company was the most anticipated ipo in years but it's not performing as expected. good morning and thanks for joining us. i'm laura garcia. >> and i'm marcus washington. uber's stock price actually fell as it hit the public markets, and scott's here to explain this to us. scott, is this good or bad news? >> i'm glad you phrased it that way. it's both. you remember how an initial public offering works. a company sells its shares just one time. one shot. and from there on out the stock just trades among investors. so the good news is for uber this morning the company chose
$45 as its initial price. the one and only time it will sell stock to investors. and the fact that the price didn't change much, it actually went down a bit, means they priced their shares just right for maximizing the amount of money the company would get in the ipo. bad news if you're one of the privileged insiders who gets to buy at the ipo price, is you made no money this morning. those insiders paid 45. right now uber's selling at 44. meaning anybody, even the least sophisticated investor, can buy it for less than the bankers did right now. so uber makes a lot of money. arguably the most money it possibly could. uber investors have lost a little money, which is embarrassing all around i think for everybody. but if you think longer term, and ideally you're not buying stock to flip it immediately. if you think longer term, i can't tell you whether or not uber has a good future or not, but that's what you should be thinking when you buy shares. >> right. exactly. >> talking about billions of dollars here. >> a lot of money was made.
well, right now we are seeing the real-life effects of president trump's new tariffs on china. speaking of money, taking a look at the big board right now, down by 11 points right now. dow jones was down 650 earlier this week. and the tariff isn't just affecting the markets and your 401(k). it means a price hike potentially on everything from soap to skewdrivers, sneakers to smartphones. that's because the overnight move raises tariffs from 10% to 25% on $200 billion worth of chinese goods. that could affect some 6,000 items, not just big ticket buys like cars and washing machines but staples at your big box and hardware stores since so much of what we buy here comes from there. it even includes things like groceries, fruit, nuts, and fish. >> it's just frustrating because you just know that most politicians aren't familiar with what it's like to live every day, you know, in the middle class. >> you have to juggle what you can afford and what you can't afford.
ed a lot of people can't even do that. >> breaking it down, an average family of four, for example, one trade group estimates the tariffs could cost them an extra $767 per year. that's because companies now have to pay more for what they import from overseas, a cost that obviously gets passed on to you. the white house argues the tough stance will ultimately help the u.s. get a better deal with china. new at 11:00, law enforcement captures a man who they believe started a series of fires in dublin this morning. nbc bay area's bob redell live for us in livermore where that suspect was finally arrested. and bob, this was after a high-speed chase. >> reporter: correct, marcus. and dublin police within the past 15 minutes just released the name of the suspect. he's 34-year-old michaelis brown. after he allegedly set those fires in dublin around the 1:00 hour this morning chp chased brown down 580 tabasco road in livermore where he then according to law enforcement slammed into a chp squad car and
then he crashed into those gas pumps here at this 7-eleven which you can see they're trying to fix right now. after the crash he tried to get away on foot. but officers did get him. now, earlier in the morning brown allegedly set fire to a tesla, an suv and a pickup truck parked outside a business on sierra court in dublin and then at a large building next door. law enforcement says he lit up a bunch of cardboard at a printing business also on sierra court. you can see the flames climbed the back side of the building, burned a ten by ten-foot hole in the roof according to the owner. the power has been turned off as a precaution because of the water damage inside. the business owner tells me he's lucky one of his employees happened to see the fire early in the morning and was quickly able to flag down authorities working those car fires next door. >> the city of dublin fire and police, they were on this really, really quickly. i cannot thank them enough because this could have been a serious, very expensive damage.
it's very unfortunate. it's a pain. but you know, we've got good employees and everybody understands. we'll put things back together and go back to work. >> the owner of amp print expecting to have his location back open tomorrow. he says he doesn't know michaelis brown. they mentioned the name to him at the same time he tells me he's angry. what happened is such a violation of his property and to think that his employees, who he considers to be family, could have been hurt. fortunately there, were no injuries during these early morning arsons and the ensuing car chase. reporting live here in livermore, bob redell, nbc bay area news. >> seeing the damage from that fire and even the gas pump behind you, bob, such a great thing to know no one was hurt. thank you for that update. let's take a live look outside from san francisco. the weather's so nice right now. and i think it's going to hold at least for the mother's day weekend. we're hoping. no matter what. meteorologist kari hall tracking what we can all expect. >> it is going to be a great
weekend. more sunshine. we're just now starting to see those skies clearing in san francisco. here's another view as we take another look in soma. and we are also seeing the clouds in the distance that continue to roll away from the coast. here's a live look outside in palo alto as you get ready to head out for lunch. and our temperatures will be in the upper 60s. eventually reaching into the mid 70s as we go into the day. and it's going to be very comfortable, not only there but all across the bay area but just slightly warmer in a few spots like napa, in concord and in antioch today as we reach 80 degrees. and morgan hill expect a high of 74. and san jose reaching 75. and so with those 80 degree readings we'll come down a couple of degrees tomorrow. we'll check out the mother's day forecast and what else is ahead. that's coming up in a few minutes. >> thank you, kari. in contra costa county educators in the district hitting a wall in negotiations. this morning families for 31,000 students want to know how this may impact them. the teachers' union for the
mount diablo unified school district say a strike would be a last resort. the teachers have been working without a contract since july of last year. the next step as required by law is for both sides to meet with a mediator. if that fails, then the teachers might choose to strike. in addition to higher pay the teachers want lower class sizes, more support for bilingual students, and more cors,unselo librarians, and nurses. facebook is firing back at one of its co-founders after he called the government to break up the company. chris hughes told nbc's kate snow that the facebook he sees today is not the company that he helped create 15 years ago. he believes that his old roommate mark zuckerberg is not accountable to shareholders, users, or even the government. now his comments are providing new fuel for a debate over regulating the social media giant. >> it's gotten too powerful, and most importantly its ceo, mark zuckerberg, is not accountable. >> reporter: this morning reaction still pouring in. even people on facebook debating
whether facebook is too big and powerful after co-founder chris hughes publicly criticized his friend and one-time college roommate mark zuckerberg. >> what's your motivation for sitting here and speaking out right now? >> i feel a sense of responsibility. i'm angry at mark and i'm angry at a lot of facebook's leadership for taking something that held so much promise and could have been so amazing and sacrificing quality, security, stability for clicks. >> are you saying now that you have regrets? >> i am disappointed in myself. that in the early days i didn't and we didn't think enough about how news feed, for instance, could empower nationalist leaders. >> reporter: hughes's call to break up the company and create a new regulatory agency has lawmakers talking. >> i think that facebook needs to be broken up. >> i don't know that it needs to be broken up. >> reporter: zuckerberg is meeting with government leaders this week.
facebook telling nbc news in part, "with success comes accountability but you don't enforce accountability by calling for the break-up of a successful american company. accountability of tech companies can only be achieved through the painstaking introduction of new rules for the internet." zuckerberg has previously called for regulation. >> do you as a company welcome regulation? >> i think if it's the right regulation then yeah. >> reporter: but hughes thinks that's just a cover. >> by saying voluntarily that facebook should have some regulation, hes and other tech companies too are trying to take off the table the idea of breaking them up. because they've -- >> it's a pre-emptive strike, you're saying. >> because he doesn't want to -- >> i think that's likely. >> hughes left the company years ago, banking 500 million after selling his stock. some online questioned why he'd turn on the guy who made him rich. you say you last saw mark zukerberg in 2017.
are you friends? >> i think so. we've grown apart a little bit. i think the world of mark. i also think he has too much power. and i don't know if we're going to be friends after this. i really don't know. >> kate snow reporting there. so zuckerberg isn't the only facebook executive meeting with government officials this week. the company's c.o.o. sheryl sandberg was on capitol hill on tuesday meeting with senators about privacy and regulations that could be put into place. new video now chelsea manning released from jail but may be back soon. a judge jailed manning. a former army intelligence analyst. for refusing to testify before a federal grand jury investigating leaks. her release today -- yesterday comes as the grand jury's term expires. manning's lawyers report she's already been approved to testify before a new grand jury next week and will not testify, so she might go back to jail. manning spent seven years behind bars for leaking classified military and diplomatic
information to wikileaks during her time in the army. president obama commuted her sentence. one college water polo team visiting from hawaii. their vans were broken into this week and their equipment, clothing some passports even stolen. this is video from honolulu showing the university of hawaii's water polo team leaving hawaii. they're in the bay area for the ncaa water polo tournament. they play cal later this morning. the school is working on getting replacement gear moist of which should be available by the time the game begins. palo alto police are saying it's a warning to never leave anything valuable inside your car. >> good advice there. well, coming up for you, are you in the market for a new car? thinking about going electric? we break down concerns about electric vehicles and the new program to get more californians behind the green wheel. and amazon's jeff bezos, the millionaire's new plan to start a colony.
here's a look at some of the news making headlines around the nation and the world. investigators are trying to determine what caused the deadly crash at camp pendleton. the "san diego union tribune's" headline reads "one marine died yesterday, six others were injured." chelsea manning once again freed from jail. she just completed serving another two months for refusing to testify in a wikileaks grand jury investigation. according to the "new york times" headline she may be returning to jail once again sometime soon. that's because she plans to not cooperate in a separate grand jury hearing convening next week. no laughing matter when it comes to helium. the detroit free press reports there's a serious helium shortage causing problems for party city retail chain. the company closing 45 stores. the helium shortage is taking the air out of sales. amazon's jeff bezos turning his attention to space, unveiling an ambitious plan and
vehicle to send humans back to the moon. bezos is known for going big, and now he's literally shooting for the moon. he says his space team is working with nasa on what could be a big step for his company, eventually a giant leap for space tourism and space colonization. nbc's miguel almaguer reports. >> this is an incredible vehicle, and it's going to the moon. >> reporter: the world's richest man highlighting his latest high-tech mission. >> this is "blue moon." >> reporter: jeff bezos unveiling a cutting ej lunar lander called "blue moon" that he says could be a pioneer in space exploration and colonization. >> it's time to go back to the moon, this time to stay. >> reporter: even showing these images envisioning what a mass colonization in space could look like, including homes, high-speed transportation, and perfect climates. bezos says creating an infrastructure in outer space for future generations to build on is vital for our planet and
"blue moon" could help. >> we're going to build a road to space. and then amaze things will happen. >> reporter: "blue moon" is the brainchild of bezos's rocket company blue origin. the amazon founder launched blue origin back in 2000, two years before elon musk founded spacex, another company with its sights set on the moon. >> it's one small step for man, one giant leap for mankind. >> reporter: only 24 people have ever orbited or landed on the moon. all of them americans. the last lunar mission was nearly half a century ago. thursday's announcement ramping up expectations for americans to make a return. in march vice president pence challenging nasa to get back. >> to return american astronauts to the moon within the next five years. >> reporter: according to bezos, that 2024 goal is within reach, thanks to "blue moon."
an entrepreneur and business titan shooting for the stars. >> miguel almaguer reporting there. bezos believes getting back on the moon will be a huge deal not just for his company but for nasa. he hopes it will ignite new interest in spaight space exploration and perhaps a new outlook for a generation that never saw the original moon landing. so are you in the market for a new car? well, electric vehicles, they're getting more popular. many people actually confused about that new technology. >> they aren't just better for the environment. they can also be easier on your wallet thanks to new programs. there's a lot of people interested in going electric. >> there are indeed, laura and marcus. a new aaa survey says 40 million people in fact are considering buying an electric vehicle. but here's the catch. there are only 200,000 electric vehicles on the road right now. that's a huge gap. of course there are various reasons a buyer would want an electric vehicle. a majority 308d, 74%, say they want to because they're concerned about the environment.
56% are tempted by the appeal of lower long-term costs. it might cost more up front but lower costs long term. americans say they still have several concerns, though. 58% polled are unsure whether there are enough places to charge an electric vehicle, while 57% are worried they'll run of out of a charge while driving. 57% also think electric vehicles might not be suitable for long-distance road trips. we do have some better news here, though. there's a new grant available for low-income families right here in the bay area. the clean vehicles for all program offers up to $9,500 for families to buy electric, hybrid or plug-in vehicles. the program is only open to people who own cars built in 1996 or earlier. so you need to have an older car there. you have to be a bay area resident. and to qualify you must earn less than $49,000 a year. or if you're a family of four earn less than $103,000 a year. my husband and i, we have a
12-year-old prius. i mean, we originally -- when teslas and all these new fancier cars started coming out we were like okay, we'll just drive the prius into the ground, we'll just wait till it dies. and it's not. so i was going to say tweet me if you have suggestions of what i should get next. but i don't know if that day will ever come for me. >> i think you're going to need a bigger car soon. >> definitely. family of four coming soon. so i've seen this. family of four. $103,000 for a family of four. so it's good to know that we can qualify if we're single or a family. >> that's right. in the bay area people have to almost live in their cars, sad to say. >> it's true. >> thanks so much. happy mother's day to you as well. >> thank you. >> don't get too excited just yet. we don't need that baby coming just yet. get ready for a big playoff series. the sharks have a chance to play in the stanley cup final. but first they have to take care of the st. louis blues in the conference finals. game 1 is tomorrow at s.a.p.
the sharks are coming off one of the biggest wins ever. a game 7 victory against colorado. if you don't have your tickets yet, the upcoming series is sold out. on stubhub, though, right now the cheapest tickets we could find for game 1 start at just over 100 bucks. or you could just watch it on nbc bay area. we'll air that game live at 5:00 p.m. tomorrow following a special pregame newscast at 4:30. a lot of people watching that. but a lot of people right here as well. the warriors taking on the houston rockets without one of their stars tonight. kevin durant isn't going to be playing during game 6 tonight. he's actually nursing a calf injury and won't be back for this series. tipoff is in houston tonight at 6:00 p.m. game 7 if needed will be played on sunday in oakland. all right. waiting for the forecast now hoping for glorious weather this weekend. >> nice weather this weekend headed our way. it's been a pretty nice week. we really can't complain about the 70s and the sunshine.
no changes for the most part going into the next seven days. that's a live look outside in tiburon. you can still see there's a layer of low-lying clouds and fog rolling just to the west of the golden gate bridge. and so that's moving away from the coast. our skies are clearing inland. live look outside over san jose. and we'll be in the mid 70s today which is about where we should be for this time in may. in early may we should see those highs in the south bay reaching 75. and so we are going to have another beautiful comfortable day. but you want to show you all the action that's headed just south of the bay area. and if you will be traveling going to southern california or parts of the central coast there will be some unsettled weather there. that's live lightning being picked up on our radar for the coastline there. and so we are watching some of the beaches that may be dealing with some thunderstorms and that's moving away from us. so we are seeing our nice quiet weather continuing. but look how warm it is now. as our temperatures warm up because of the sunshine. but we are only at 55 in half
moon bay while fairfield is already at 80 degrees and brentwood at 72. i wanted to show you the difference from now to 24 hours ago where it was cloudy at this time yesterday but now santa rosa is 20 degrees warmer before we head to lunch than it was yesterday. this definitely warmer today reaching into the upper 70s and low 80s and in oakland today staying cool and breezy with a high of 69. we'll be up to 76 degrees in livermore and up to 74 today in palo alto. if you're looking for something to help cool you off get some free ice cream in fremont today. the fremont street eats kicks off the season. and our own mike inouye will be out there giving away some free ice cream. look for the nbc bay area truck. it will be about 73 degrees, then going into the evening cooling off. so get there early while it's still warm before those temperatures cool off. now, the reds were just playing the a's and now they're heading across the bay to play the giants tonight.
so it's going to be cool and breezy, and keep in mind the a's will be playing around the same time. so it's going to be busy in san francisco and oakland. and for tomorrow the road show will be happening in pleasanton. great weather for that. an event to take mom or you can check out the spring festival in downtown alameda. i posted some of those events on my facebook page. look at what's happening for the weekend. no changes. upper 70s inland. slightly cooler early next week. and of course i'll keep you up to date on this chance of rain we have in the forecast next thursday, marcus and laura. >> yeah, let's talk about next week. thanks. coming up here, earlier this morning we were out in fremont giving out free coffee. well, we're going to give something else away this afternoon for free. where you can actually see mike and pick up that free pick-me-up. but first, happening now, a new translation and stand-alone edition of the diaries of jewish teenager anne frank will be published in germany, australia, and switzerland. rather, austria i should say.
>> that's right. because we were asking some of our viewers to send in photos, share them of you and your mom. we've gotten a few. we appreciate it so much. thanks for sending them in. and be sure to post them on facebook pages, sending them to twitter as well. got to love mom. year-round. >> that forecast for mother's day is going to be nice this weekend. >> yes. we are going to have some nice weather. >> we want to talk about mike, though, first. >> that's right. mike was out at peet's coffee this morning in fremont giving out some free gift cards to some of our viewers who say there's nothing better than a free cup of joe. >> free coffee's great. thank you very much. >> would this be your normal plan? >> actually, occasionally. not every day. >> so you made a special trip? >> i did. >> michael will be at our nbc bay area treat truck giving out free ice cream. he'll be at fremont street east from 5:00 to 8:00.
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