Transcripts For KPIX CBS This Morning Saturday 20140531 : vi

KPIX CBS This Morning Saturday May 31, 2014

Hunt. Movies booming at the box office. Whats driving the new appetite for dirty comedyiescomedies . All that and much more on cbs this morning saturday, may 31st, 2014. Captioning funded by cbs we also have a great lineup of guests for you this weekend including testify eli cope whos brought some of his awardwinning recipes to the dish. And classic doowhop in our saturday session. Insider training involving a well known billionaire investor high wheeling gambler and a well known athlete. Investor carl icahn, las vegas better bill walters and golfer Phil Mickelson. Marlie hall joins us now with the details. Good morning. Word of it is only being made public now but the fbi and Securities Exchange commission began looking into it three years ago. Thats when carl icahn made a bid to bicolor red sox. No charges have been filed but theres a lot of questions. It was unusual trading activity that caught the eye of the federal investigators. In the days leading up to carl icahns bid to take over clorox in 2011 there was a series of successful options trading made by Billy Walters and Phil Mickelson ahead of the corporate deal, an automatic red flag for them. The s. E. C. And fbi are trying to determine if icann tipped walters and if he in turn shared that information with mickelson. Icahn who may have had dealings with him in the past told the wall street journal says he duh not know of any investigation and added that his company is always careful to observe all legal requirements in all of our activities. Walters, one of las vegass best known professional gamblers who was the Phil Mickelson. Sources say fbi approached mickelson as he competed in dublin. He did not immediately respond but he told the wall street journal that, quote, phil is not the target of any investigation, period. Icahn, walters, and mickelson have not been formally accused of any wrongdoing. Under the laws that governor Insider Trading, it is not always illegal to leak information about a corporate bid for a takeover and it should be noun that icahnsed by to bicolor red sox ultimately failed. Thanks, marlie. Now on to the scandal regarding the Veterans Affairs administration. President obama accepted shinsekis resignation and it could lead to a criminal investigation. Lawmakers want to know who ordered vets to be put on secret weight lists with documents falsified to cover it up. Mark albert is at the white house with the latest. Good morning. Good morning. Minutes before he arrived to resign, Eric Shinseki told a Veterans Group he was mislead by some in his own department. A breach of trust, he said that exposed a, quote, unacceptable lack of integrity. I extend my deepest apology to the people i care most deeply about, and thats the veterans of this country. Shinsekis apology friday morning was not enough to save one of the president s longest serving cabinet secretary is. Thinki think it was ricks judgment he could not carry out the next stages of reform without being a distraction himself. My assessment was unfortunately hes ride. President obama had backed shinseki as recently as last week that at this stage rick is committed to solving the problem and working with us to do it. Reporter but since then two government reports confirmed widespread systemic problems in the v. A. A widespread audit found there were altered wait times. Shinseki retired as a fourstar army general before taking over the countrys Largest Health care system. His final marching orders fire leaders where the scandal broke, stop all nationwide. The president put the v. A. s number two sloan gibson in charge. Some leaders in Congress Said shinsekis resignation wont be enough. Today ees announcement really changes nothing. One personnels change cannot be used to paper over a systemic problem. Our veterans deserve better. Well hold the president accountable until he makes things right. The top two senators of the Appropriations Committee are calling for a department of justice probe to determine if criminal charges are warranted against anyone found have falsified patient records. Vinita . Mark albert at the white house this morning. Thank you. Ben kesling covers issues for the wall street journal and also a former marine who served in both iraq and afghanistan. He is in chicago. Good morning. Good morning. We heard from john boehner that this is not enough. Shinseki really became the poster boy in all of this. It seems like he had no choice but to resign. Is that your choice also . Its definitely what people were saying. What you said, he became the poster boy of the scandal. He resigned because he did not want distraction for fixing the problems at the v. A. He didnt want the distraction of focusing on him and wondering whether hell step down. He wanted to allow somebody else to come in a fresh set of eyes on the problem and to make some fixes. But, ben, i mean is he kind of being made a scapegoat here . This report suggests that this problem has existed for quite some time and has spread throughout the entire system. Right. Well, he has been in charge of the v. A. Since 2009 so critics say he has had plenty of time to institute some changes. Those who have supported him say the system is broken. The i. G. Report interim i. Dwchlt report that came out wednesday indicate that there are systemic problems at the v. A. Right now, the latest number 42 facilities, the Inspector General is looking at. And theres been indications that theres been schedule manipulation, wait time problems tinkering with the software thats used to make appointments for patients nationwide, and those fixes are not going to those fixes arent going to happen just by getting rid of the secretary. Its been interesting to hear him say he thought the problem was limited and he really was too trusting of some people. How are veterans responding to this decision . Well the major Veterans Groups throughout all of this have essentially supported him. The largest Veterans Group in the United States, the American Legion legion, was the only group that called for him to resign. All of the ogroups gave him support. And one of the reasons they did that is they were worried that as soon as he resigned all the news would focus elsewhere and nobody would be paying attention to the systemic problems, and, you know as of right now, there are two holes in the v. A. Leadership. So secretary shinseki is gone and one of his top aides, dr. Robert petzel stepped down about two weeks ago. So the key leaders on the hospital side and the top of the v. A. Have left and those are two gaps that remain right now. So, ben, what does the v. A. Do to solve its problems that point . Well, thats a big question. Not really sure where they go from here. Theyll have to find new leadership. So one of the questions that the Obama Administration is trying to figure out is where do you get the next leader for the v. A. . Does it come from is it a fourstar general again . An admiral . Is it somebody who comes from the Business World . How do you find the right person to fix some of these systemic issues that the v. A. Has. Thank you so much. Thank you. It will be a major topic of discussion tomorrow morning on face the nation. Bob schieffers guests will include john mccain,. Now to the scrap over the nba los angeles clippers. The league wants half opener Donald Sterling out but he refuses to sell and is now sueing the league for at least 1 billion. The coowner and wife shellie has a deal to sell the team for 2 billion to Steve Ballmer. Ben tracy picks up the story. One strategy one team. Reporter Steve Ballmer is going to pay the 2 billion in cash. After all, hes worth 20 billion. Were told he believes buying a Pro Sports Team in los angeles is a, quote, onceinalifetime opportunity. So its a simple law of supply and demand. Ray katz. I think he wants to be an owner of a team and of a Tremendous League in the market and can afford to do that. Reporter balmer broke the deal with shelly sterling. But not Donald Sterling. Hes vowing to fight the sale of his team. Max bleacher is his attorney. He has not agreed to accept mr. Balmers bid or any other bid, period. Reporter but a source close to shellie sterling says she now has sole control on the clippers after her husband was diagnosed with alzheimers after being diagnosed earlier this month. There is no proof of that. Hes calling it vast overstatement and that the 80yearold only has a modest mental impairment and is slowing down. I asked about his health on thursday. Is Donald Sterling stable . Absolutely. I dont see any evidence to the contrary. The 2 billion price tag will make this the second highest price ever paid for a sports team in history. For cbs this morning saturday, ben tracy, los angeles. Time magazines Senior Sports writer Shaun Gregory has been covering the clippers story from the beginning. Good morning. Good morning, anthony. We said it was going get messy, and now it is. Now theres this hail mary lawsuit. I dont think its going to stop. The language unconstitutional oppressive. It seems like he would have to stop the second suit. I think i like the roast america dont get Donald Sterling. What exactly is his motivation at this point . You think at this point, 2 billion offer. He bought it for what did you tell us . 1 2 12. 5 million. Maybe hes trying to clear his name. Maybe hes trying to use this as leverage. I will lift the lifetime ban, i want go to games, and then maybe ill withdraw the other suits. First it was worth a half a billion dollars and now a 2 billion bid . Sterlings attorney is saying its an antitrust deal. I would argue the opposite. This is like a prestige premium. 2 billion. People were running in to buy it quickly. How did he manage to do this because i read there were superior bids from people like grant hill. What did he offer that was different to shelly . I think he offers to the league and to shelly hes going to get approved. Hes a former c. O. Of microsoft. The 2000s wasnt the greatest for microsoft. Hes kind of an entertainer which i didnt know. If youre the head of the commission, adam silver what do you do here . I think you let it play out. With the suit you talk to him, see whats going on. The meeting to kick sterling out of the game has been canceled right now because the sale seems to be going through, but again, a lastminute lawsuit to block the sale might change that. I think if youre silver, you sit back and watch. So far, so good. Immediately after the announcement Magic Johnson took to twitter and said this is great idea. What do you think . Hes been involved. This is something hes wanted. After running a company like microsoft, running a Basketball Team seems like a it comes with its unique challenges burke hes a very good manager. Shaun gregory thanks for all the messy details. The miami heat are returns to the finals for the fourth year in a row. Miami is only the third franchise to make at least four skek tirch finals joining the celtics and lakers. The heat will play either san antonio or Oklahoma City starting thursday night. Jay carney president obamas chief spokesman is leaving the white house after 3 1 2 years. He says he hasnt decided what hell do next. Carneys deputy josh arronearnest will replace him as White House Press secretary. The Dow Jones Industrial average was up close at 16,717. The s p 500 gained three points. U. S. Home sales are still recovering from the home sale crisis and the recession since 2008. But lately theres been a strike in the jump. For the First Quarter, they made up a record of 43 of home sales. Thats up from 38 in the previous corner and more than double the 19th in the First Quarter in 2013. Lets take a look at this surprising ten. She vera is with zillo and also a finance specialist. Whats going on here . Lending centers are still very restrictive, and youve got intense buy koerm petition particularly in those markets where supply is limited and cash is up. Who is making the offers . It used to be the institutional guys. Its baby boomers, wealthy individuals, wealthy families, emptynester emptynesters, people buying vacation homes. Theyre feeling wealthy, theyre looking for a place to park their cash. So literally theyre coming from all over the world and going to markets like specifically new york city miami, las vegas. If you look at those markets, other half of the sales, all cash aurs. Miami, all sales. 70 . 70 . Isnt that a phenomenal number . Is it happening in metro areas nationwide. Its also happening in rural heartland across america. Theyre getting these discounts of about 13 . 13 below market value. What i found fascinating is when i hear the words cash offer, it sounds like all cash. But people are being recreative. Theyre looking for other forms to find cash. Yes. Theyre getting in there. Like norm and miami. California, for example. If youre dangling the cash youre going to get in there and get the home you want. What are the all ter gnatternate forms . Some are starting with cash to get in there. If im a firsttime home buyer and theyre dealing with all this cash. What do i do. Youre able to make a good down payment, 20 plus. Zillo finds that three out of ten find theres such bad credit theyre unlikely to qualify for any mortgage. I talked to a mortgage person. He said i used to be in the biz he says i cant get loan ace proved. Exactly. They dont want to go through the loan process. They maybe can qualify for a mortgage but they dont want to go through all the steps. You really have to make a clean competitive offer. They have to go above the offers if you want to stay in the mix. Clean, competitive, no contingencies ideally and i would suggest you find out whats motivating the seller. They may not care. At the end of the day, money is money. They just want an offer thats going to go through, hasslefree, moneyfree, get their mon and. Are these cash offers also going to pull back . Right. The Distressed Properties we are seeing fewer and fewer of them which is why the investors are being thrown out of the game theyre still finding good deals. Not as good as they were last year for example, but 13 below value, sounds very good to me. All cash officers. Sounds good to me. The Los Angeles Times says the city of los angeles is suing Jpmorgan Chase alleged the nations largest bank turned them into risky foreclosures. J. Pmorgan says they wont defend the claims. Hagel suggested china is undermining security in east asia with its territorial disputes in the south china sea. A Chinese Defense official called the u. S. Groundless adding, quote, americans are make me important con starjs mistakes right now. A High School Teacher is charged with beating a handcuffed student in a wheelchair. It apparently erupted when a 17yearold who has Cerebral Palsy didnt wont to go to class. The guardian of britain says a massive cloud from an volcano eruption is riising to australia. The ash cloud is expected to last for several days and could spread to other parts of australia, adding to additional travel woes. You have to wonder if you can smell that and feel that. And astronauts in nasa took a dry run on hawaiis big run before venturing out to theed by moon. It shows them testing out the volcanic terrain in the 1960s. The pictures are now part of the space center that its very cool. Its about 22 after the hour. Now heres a look at the weather for your weekend. Coming up twitter spurs a frenzied Treasure Hunt for bundles of cash thats spreading from San Francisco to los angeles. Well talk to the man behind it. And whats become of the winter olympics. Theres a serious shortage of bidders for the 2020 games. Well tell you why nobody seems to want it. Youre watching cbs this morning saturday. What are you up to . Just playing hide the cheddar. Can i play . Its more of a one person kind of game. I won. Tillamook cheese slices, tastes better because its made better. His boy elroy coming up most of you remember the jet sonsonjetsons you had a bit of a sharp pen on it, one of the big comedies this weekend from adam sandler. Its blended. You said it was filmed by a bunch of eighth graders and conceived by their less great classmates. What are you really saying . It probably would have been better if it was an eighth grade class. Adam sandler makes these movies that come out at least once a year and they vary in quality. I mean i went to see this one and kind of had some hopes for it because it had Drew Barrymore in it. Drews been in it before . And with good effect. 50 first dates and the wedding singer. Not only is it kind of fairly offensive they go on a safari to africa and the way the africans are a little bit makes your kwees yqueasy. Its embarrassing. The jokes dont land. Its badly written. Its two houring long. Its very hard for me. I felt like i was really earning my combat pay. One film youve been much kinder to this summer is the immigrant starring joaquin phoenix. Yeah. If youre looking for a blockbuster, family and big commercial hollywood stuff this is a small independent film miriam koult yeah and joaquin phoenix. She plays a pole live woman who comes to new york in the 1920s. Hes the sort of shady character who helps her out and takes advantage of her. And its just it doesnt go where you expect it to go and it looks beautiful. The air at night hold on ive been waiting for this moment all

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