> i'm ashley banfield. we're bringing you the news"> > i'm ashley banfield. we're bringing you the news" property="og:description"> > i'm ashley banfield. we're bringing you the news">
winner this hour on cnn. good morning and welcome to "early start," i'm sor ride da sam lynn. >> i'm ashley banfield. we're bringing you the news from a to z. it's 5:00 a.m. in the east. we begin this morning with breaking news. we're just learning brand new information on that nigerian plane that crashed into a residential neighborhood in lagos. the airline's director of flight operations confirming the pilot was american. we have no idea how long that pilot worked for the airline. nigeria's president declaring three days of national mourning and ordering a full investigation. all 153 people on board were killed in yesterday's disaster, and at least ten people on the ground died as well. firefighters and police struggled to put out all of the flames. there wasn't any water left more than three hours after that crash. residents helped carry fire hoses and plastic buckets of water to the burning wreckage. into's going to be a rough day pretty much in the financial markets after the dismal jobs report came out on friday. indicating markets are expected to open down as well here. a lot of volatility, uncertainty in the air in the markets around the world today already. this very early hour. alison kosik is in for christine romans today. we have a lot of things on the menu for why this is happening. >> one of the things that's dictating are the asian markets which are down quite a lot right now. we did see our futures recover just a bit. here is what i want to tell you about. remember the dow, 13,000? remember the big rallies we were talking snabt the dow erased all its gains for the year. you see the chart, the line going all the way down. that's where we are now. a lot of what we lost, interestingly enough was just within the past month. there's a lot weighing on the markets. investors are worried about a lot of things, a slowdown in europe and china, not to mention right here in the u.s. after the dismal jobs report that showed in may we only had 69,000 jobs added to the workforce. the thing is, the economy is growing, but it's not growing fast enough because you see other indications, too. manufacturing slowed down. consumer spending was up in april. it's rising faster than incomes. that's not what you want to see. there's also another thing weighing on the economy, here what's known as the fiscal cliff. that's when you'll see the tax cuts expire, meaning higher rates are going to go into effect. more than $100 billion in automatic spending cuts. they'll go into effect as well. lots of cuts at the pentagon. the problem with this is you'll see all this stuff happening all at once. what the congressional budget office says is this will take $500 billion out of the economy. they're predicting if this fiscal cliff happens all at once by early next year, you'll see the economy going into a recession. this is from the cbo. that's the bad stuff. there are a few bright spots i want to end on. gas prices are falling. you're seeing that happen because oil prices are also tumbles, right now below $82 a barrel. that's good news for our pocketbooks obviously, obviously not for the right reasons, because the reason you're seeing oil prices fall is because the expectation that demand will be less as we see the economy here slow down and the economies overseas slow down. if history is our guide, we've seen this for a couple of years now where we start off really strong in the year and it slows down and we have a really rough summer and we have recovery. the problem is we're seeing this over and over for the past two to three years and you're seeing politicians really seize on this like mitt romney's senior campaign adviser. listen to what he said over the weekend. >> it's not just the devastatingly weak jobs report we got on friday. it was also the revision in gdp downward, drop in consumer confidence, increase in unemployment claims. it's not that we don't think this president is trying. i think he is. it's just that his policies are not working. >> so it's an election year. no surprise you're seeing romney's campaign seize on the moment. there's one more bright spot i didn't mention, mortgage rates. mortgage rates are really low. we're seeing the housing market may have hit bottom, at least prices. maybe we'll see a little recovery there. you have to hope that will bring up the economy. if you're trying to glean the bright spots out, i tried to do that this morning. >> the mortgage rates we're hearing could go even lower this summer. >> that could be good news for the housing market, if you can qualify. five minutes past the hour. george zimmer marn back behind bars in florida. the neighborhood watch volunteer charged with murdering trayvon martin turned himself in last night. he was forced out of hiding after the judge revoked his bail saying zimmerman misled the court about his finances. his attorney says zimmerman is living in fear. >> he's worried about himself, his wife, his family, everybody who has to be in hiding because of the enormous anger and frustration and hatred that has spurred from this case. >> attorney mark o'mara plans to file for another bond hearing today. investigators are trying to figure out what caused an air tanker to crash while fighting a wildfire along if nevada-utah border. two pilots were killed in the accident. they were dropping fire retardant on the flames when their tanker went down yesterday afternoon. it was loaded with 1600 gallon offense fuel and 2,000 gallons of water and fire retardant. the 5,000 acre fire began burning friday night after a lightning strike. we have central mexico under attack. according to a plog that publishes information about the mexican drug war, armed men entered the center last night and fired at patients killing eight people and injuring eight others. the attack is the latest in a bunch of gruesome incidents. just last month authorities found the decapitated and dismembered bodies of 49 people along a highway. hot off the presses, a just-released cnn/orc poll showing president obama outperforming mitt romney on the favorability scale. with five months to go before the election, let's take a look at the numbers. the president with a favorable rating of 56% among voters. mitt romney eight points back at 48%. a member of a doomsday cult responsible for an attack on the tokyo subway has been taken into custody after 17 years on the run. a tip led police to 40-year-old naoko kiochi. she claims she didn't know how it would be used. fresh from its wall street debut, facebook is expected to offer up millions of new shares. in just a few months early investors and select insiders will be free to sell off stock. you should see alison kosik's face right now. some experts believe it could water down the stock that's already a stint kerr. it's down 26% from the initial public offering price of $38. eight minutes past the hour. say hello to the new miss usa. >> miss usa 2012, rhode island! >> 20-year-old olivia culpo will be representing the united states at the miss universe pageant. she was asked to weigh in on the resechbt controversy over transgender pageants. she says she thinks it would be fair for a transgender contestant to compete. >> i wonder how many people have maps and what they think about iraq and such. >> this girl is a very smart cookie. >> i'll take your word for it. i don't watch those pageants. >> i read up on her. a very smart cookie. panic the streets thanks to somebody's idea of a prank. wait until you see who ends up getting punked in the end. it's all coming up. [ pilot ] flying teaches me to prepare for turbulence. the key is to have a good strategy. the same goes for my retirement. with the plan my financial advisor and i put together, a quick check and i know my retirement is on course. [ male announcer ] with wells fargo advisor's envision plan, you always know where you stand. in fact, 93 percent of envision plan holders say they will retire on their own terms. get started on the plan you need today -- wells fargo advisors. together we'll go far. there are a lot of warning lights and sounds vying for your attention. so we invented a warning.. you can feel. introducing the all new cadillac xts, available with the patented safety alert seat. when there is danger you might not see, somebody's idea of a prank. in a mercedes e-class. the all new cadillac xts has arrived. and it's bringing the future forward. in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution, in a whole new way. using real-time photo sharing abilities, they can create and maintain high standards, from kitchen to table. this technology allows us to collaborate with our drivers to make a better experience for our customers. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ breaking news this morning, the pilot of the nigerian plane crash that killed all 153 people on board was an american. so far his identity has not yet been released. we can tell you at least ten people on the ground were also killed in this plane crash. nigeria's president is declaring three days of national mourning and is ordering a full investigation into the crash. firefighters and police struggled to put out the planes. there are very few fire trucks stationed in lagos. residents had to carry buckets of water to try to help put out the flames. global markets in full retreat. european and asian stocks tumbling on concerns of the debt crisis, that it's deepening and china's economy is slowing. most are reacting to the jobs market in the u.s. on friday. u.s. stock futures are down right now which means stocks here are expected to open lower this morning. in just a few hours, a jury in philadelphia is set to resume deliberations in a priest sex abuse trial. monsignor william lynn is accused of transferring priests to ear parishes. his co-defendant james brennan is accused in the attempted rape of a 14-year-old boy. jury selection set to begin in the trial of jerry sandusky. the 68-year-old former penn state coach is accused of sexually abusing ten boys over a 14-year period. the judge denied a request for a delay in the case. police in california are investigating pablo sandoval in an alleged sexual assault. authorities say the incident occurred friday at a resort in northern california. sandoval is said to be cooperating fully with the investigation. that all-star third baseman is currently on the disabled list and recovering from a hand injury. an international manhunt heating up for a self-proclaimed porn star. police in paris, france, are investigating several reported sightings of luka maniata. he's accused of mailing the body parts to the headquarters of two canadian political parties. the tables are turned on a so-called zombie prank center in miami. take a look at the video. the city has been on edge ever since a homeless man's face was mostly chewed off in a bizarre attack last night. this shows a young man dressed up running and scaring people. at the end of the clip things change decidedly when a group of teenagers decides to chase him down himself and one of them appears to be holding a gun. in seattle a sanitation worker turns hero. jeff black burn was driving a garbage truck, he started honking his horn, blocked the intersection from on coming traffic and jumped out to save the baby. the modest driver says he was just in the right place at the right time. amazing video. >> who is fairest of them all? >> you are the fair rest. now, that is one dark take on a classic fairytale. but "snow white and the huntsman" was still the fairest at the box office, taking in $56 million in its opening weekend. man, that looks spooky. they were able to knock "men in black iii" from the top. "the avengers rsh third with $20 million, the third highest grossing film of all time. a gloomy start to the week in the northeast. rob marciano has the gloomy details this morning. good weather to go take in a movie. hit the theaters or do it that way. a mess, check out the map. the northeast for sure kind of maybe a little sympathy for what the queen had to endure yesterday, a nod in new england to gloomy weather. temperatures will hover in the 50s, on-and-off showers, damp skies. across the southeast, northern georgia through chattanooga, looking at showers and thunderstorms. some are pretty rough. the most severe storms are rolling through memphis. these have winds of about 70 miles per hour. they're moving southeast at 70 miles per hour. destructive winds moving through graceland just south and east of tulsa, also. that severe thunderstorm watch is in effect until 7:00 a.m. local time. this storm coming through very strong. it's going to get all the way down through san francisco. going to kick up the winds in the fire zones of nevada, through new mexico as well. a 50-mile-an-hour-plus winds from san francisco as far north as seattle. the heat will continue across the southwest. 74 in chicago, the 60s and 50s will hold across the northeast today. you might not need the umbrella. i don't think it's going to pour down rain. you may have to be late light on your feet to dodge some of the raindrops. back up to you. >> how about that thames picture though? what a mess this weekend, right? >> they stood strong and barreled right through it. >> those are the british, the good old british. >> they get it this time of year. >> i felt like what a bummer, they could have had sunshine for such a big party. >> she still looked good. going straight. >> thanks, rob, see you soon. it's 18 minutes past 5:00. an early read on newspaper stories not off the presses yet but making national headlines. the "wall street journal," apparently facebook lifting the ban, getting ready to lift the ban on kids under the age of 13. that social media site according to the journal is developing special features for kids' pages. that technology would allow parents to control their kids' friends and what applications they can use as well. a lot of kids already use facebook, they just lie in order to get access. facebook says if you're under 13, no go. >> that's what my kid did. >> how did you find out? >> i caught him on it. >> i worry they're going to mine the details from the 13-year-olds. that's what the biggest issue is, is getting this kind of data. you can't do that for kids under 13. facebook is trying to figure out a way -- that's a huge section. >> hopefully mommy and dadly be police it pretty well. >> don't put the computer in the bedroom. i don't. >> for the first time ever, hundreds of latter day saints church members launched in the gay pride parade. more than 300 participated. the lds church says it is against, quote, any kind of hostility towards gays and lesbians. >> that's terrific. >> for an expanded look, head to cnn.com/earlystart. george zimmerman's lawyers are vowing to take action today. with their client back behind bars, what's going to be next for trayvon martin's shooter in this saga that doesn't seem to end? that and more coming up. a party? [ music plays, record skips ] hi, i'm new ensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams of protein. twist my lid. that's three times more than me! twenty-one vitamins and minerals and zero fat! hmmm. you'll bring a lot to the party. [ all ] yay! [ female announcer ] new ensure clear. nine grams protein. zero fat. twenty-one vitamins and minerals. in blueberry/pomegranate and peach. refreshing nutrition in charge! with your photographs. ( younger sister ) where's heaven ? ( older sister ) far. what will you inspire, with the eos rebel t3i and ef lenses, for ron's next project ? learn more at youtube. it's time to live wider awake. only the beautyrest recharge sleep system combines the comfort of aircool memory foam layered on top of beautyrest pocketed coils to promote proper sleeping posture all night long. the revolutionary recharge sleep system... from beautyrest. it's you, fully charged. and this is what inspires us to create new technology. ♪ technology that connects us to everything the world has to offer and vice versa. ♪ technology that makes lightweight stronger, safer, and faster than ever before. ♪ technology that makes electric electrifying and efficiency exhilarating. ♪ technology that doesn't just drive us, but drives progress. ♪ and driving progress is what we do every day. ♪ ♪ support team usa and show our olympic spirit right in our own backyard. so we combined our citi thankyou points to make it happen. tom chipped in 10,000 points. karen kicked in 20,000. and by pooling more thankyou points from folks all over town, we were able to watch team usa... [ cheering ] in true london fashion. [ male announcer ] now citi thankyou visa card holders can combine the thankyou points they've earned and get even greater rewards. ♪ and get even greater rewards. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. george zimmerman has surrendered to authorities no florida. it comes after a judge revoked his bail saying zimmerman and his wife weren't particularly truthful about their finances when his original bail was set. zimmerman has been out and in hiding for the past six weeks. cnn's martin savidge is following the developments and is live in sanford, florida. so where did this new sort of revelation of truthiness actually end upcoming out? >> reporter: it came out actually on friday. that's when the state actually made a motion to revoke the bond asking for the bond to be revoked for george zimmerman saying he and the family had not been fully hon northwest the disclosure of how much money they had. they said they were broke and turns out they had over $135,000 in a bank account as a result of donations made online. the judge was pretty angry to hear or read transcripts of george zimmerman speaking to his wife from jail, apparently talking about that money. yet in court he didn't even say they had that money. but let's talk about yesterday. george zimmerman shows up at 1:45, about 45 minutes before his deadline imposed by the judge. it was a rather clandestined way that he turned himself in. here is the sheriff describing the scene. >> george zimmerman met two members of the sheriff's office in the area of lake mary at i-4, was placed into custody, transported to the correctional facility. he is being booked and processed as per judge lester's order. he'll be held on a no-bond status. >> now, one of the issues that has come up, of course, is credibility here because if george zirmer man was lying about the money, as the state maintains, what else could he be lying about? his attorney, mark o'mara knows that's a problem. he spoke about that yesterday. >> there's a credibility question that now needs to be sort of rehabilitated by explaining away what they were thinking when they did what they did, if that's what happened. we'll address it. >> reporter: mark o'mara says he's going to ask for a new bond hearing today. when that hearing will actually take place remains to be seen. ashley? >> all right, marty. clearly we'll be in court again and real soon. do we expect anything else to come out in court other than the information that we're talking about, the money? any other kind of evidence that may end upcoming out in discovery? >> two things. one. we expect to hear those jailhouse recordings made from george zimmer marn and his wife. later in the week