and the ongoing conversation with the department of labor. >> i can do so the department of labor has withdrawn the guidance that had been previously issued on the joint employer. that guidance had been issued in january of 2016. and discussed the agency's rejection of the common law concepts. so that guidance is no longer in effect within the department of labor now. the national labor relations board as the senator is aware, doesn't come within the department of labor's jurisdiction. chairman alexander earlier referenced the national labor relations board and pending nominations. >> and the national labor relations board fills -- i would suspect that's an issue that they will have to take up and decide how to proceed. >> great so everything is on hold at this point. pending that? >> well the department of labor, the guidance has been withdrawn. so that is the portion of the issue that is within the jurisdiction of the department of labor. >> talking about the fiduciary rule. you have to have cooperation with another entity, the s.e.c. to try to figure out how this is going to work.

under president obama he had sent 10 department of labor nominees by now. the president trump has sent - when will we get more nominations for your department? >> senator, mr. chairman, i appreciate the question. i can say this. i am approaching my own listed a market secretary. i have set a personal goal to have the vast majority of my sub - sub department, the leadership identified and in clearance by the 60 day mark. i believe that the goal is something that can be reached. ultimately, they do have to go through background checks and clearance. >> i know, but i would just urge the white house, the president and you. this is the sentence opportunity to confirm, invent, question is nominees. we want to do that. we can move them quickly through the committee if you would do it. let me go to a second. i want to ask you to respond to this.i want to just give you my opinion to consider on the so-called overtime rule. that was a bad rule. here were the problems with it. the rapid rate of increase, the salary threshold was set to double overnight. the top number

h.r. 2664 directs the department of labor to train appropriate department staff on how to detect human trafficking and ensure that the staff people get regular updates on how traffickers are adjusting to avoid detection. our bill establishes a training for a clear course of action for referring cases of suspected human trafficking to the department of justice, another appropriate authority -- and other appropriate authorities so these offenders are prosecuted. and the bill requires them to report back to congress within a year on the progress being made. because congress needs to do more than simply enact programs with lofty goals. we also need to build in mechanisms to tell us whether our programs are working as intened. mr. speaker, the enhancing detection of human trafficking act will, i believe, give the department of labor the tools and resources it needs to combat human trafficking. i ask my colleagues to vote yes on this bill. i'd like to also thank the leadership of the house, especially chairwoman virginia foxx and ranking member bobby scott of the education and work force com

and dozens of workers visas classified as age to be have been requested from the labor department by the trump organization it would grant foreigners the right to work at two of the president's private clubs in florida the filing came days after the administration announced it would offer an extra fifteen thousand temporary seasonal work visas this budget year according to a posting by the labor department this request includes thirty five waiters and waitresses with twenty cooks fifteen maids at the president tomorrow log a resort in florida at the national golf club in jupiter florida a request was posted first six cooks the jobs pay anywhere from ten dollars thirty three cents to twenty dollars one cent per hour this comes on the heels of the trump administration making it more difficult for highly skilled foreign workers to snap up the coveted h one b. one visas which technology companies rely on so heavily. and it's been six months since donald trump was inaugurated as president of the united states now friday his press secretary sean spicer suddenly resigned from his position j

the labor department gives you a very good report right now it's health care and these stocks have heldp well and keep rising at the end of the day what matters for individual stocks are the earnings and we kick off a new earnings season on tuesday, which brings me to our game plan for next week before we can get to earnings, we need to hear from the president of the san francisco federal reserve. i care what he says. why? because we need to see today's employment number translate in the form of two more rate hikes this year, not just one. i 'been adamant as long as we have good job growth without inflation, which is the case, the fed should normalize rates and williams has been talking about three or four rate hikes this year. i think today's jobs number will put him over the number to four. lately this market has been led by the financials. and arguing for four rate hikes would be music to the ears especially that we're going get bank earnings at the end of the week tuesday, we get the first set of earnings from a major company and it's pepsico this has long been my favorite in the co

know, taking a new look at these things, putting them out for comment like, for example, the labor department done, thank goodness with respect to the duty rule that the previous administration pushed through and really i think almost a travesty of a regulatory impact analysis so it's high time the labor department look at that and before it goes into effect in january, you know, do something about that ule, for example, which will have really negative impact on average investors and people with small accounts who actually need advice so there is one example right there that government can do to good effect. and we're seeing it like, for example, at jamie dimon is raising where banks are really ham strung becausest various ad hoc capital rules that bank regulators have imposed. and so i think for the various regulators to look at those things, that will help free up capital and make the loans that you're talking b because overall, with respect to loans below $1 million, since 2008, they are way down. banks have made versus loans above $1 million and that just has -- it doesn't pay with all th

the labor department said american women earn 82 cents for every dollar earned by men. >>> talking temperatures it's a nice start to the first week of july especially for holiday vacationers. sky6 live hd looking live at independence mall, which will be the hub of tomorrow's 4th of july first activities. let's get the latest on the forecast with meteorologist david murphy outside our studios. >> reporter: rick it's not bad, the dewpoints are down, humidity dropping all things considered pretty comfortable, sunday we saw improvement. there's satellite you can see cloud cover to the north and west. so far it's just high scattered cloud cover with plenty of sun. it might cloud up more later in the afternoon. of course, late in the day we're looking at the arrival of possible thunderstorms in the northern and western suburbs. 86 degrees in philadelphia. 83 in allentown. a similar number in reading, lancaster, trenton and 87 in wilmington, a couple of 88s in millville and dover. cape may has dropped now that the sea breeze is kicking in. down to 84 from 85. some of the shore communities lower than t

the labor department says the country added 222,000 jobs in june. the unemployment rate barely ticked up to 4.4% as more people joined the labor market. >> that was a big jobs number last week but as nbc's tom costello reports, in some parts of the country the challenge is not finding a job, it's finding skilled workers to fill jobs. >> reporter: in booming, colorado, they have gone from looking for work to help wanted. the unemployment rate, the lowest in the nation, stunning 2.3%. a problem at this high-tech manufacturing plant struggling to fill ten jobs. >> biggest business challenge is finding qualified people who are enthusiastic about manufacturing. >> reporter: at first, 19-year-old noah shied away from a manufacturing job. >> the first thing i pictured hearing manufacturing is like a steel mill or like an auto industry. but that's definitely not what it is nowadays. >> reporter: nationwide, many clean, high-tech manufacturers are looking for workers with the skills, potentially looking to relocate and salary offer. in june, the biggest job g

. >>> back in the u.s., the labor department says the country add 222,000 jobs in in june, the unemployment rate barely ticked up to 4.4%. as more join. as tom reports, in some parts of the country, the challenge is not finding a job, it's finding skilled workers to fill jobs. >> reporter: in booming colorado they have gone from looking for work to help wanted. the unemployment rate, the lowest in the nation, a stunning 2.3%, a problem at virgin products high-tech manufacturing plant in loveland, struggling to fill jobs. >> biggest business challenge is finding qualified people who were enthusiastic about manufacturing. >> reporter: at first, noah shied away from a manufacturing job. >> the first thing i pictured when i heard manufacturing was like a steel mill or like an auto industry, but that's definitely not what it is nowadays. nationwide, many clean high-tech manufacturers are looking for workers to the right skills, potentially willing to relocate and accept the salary offer. in june, the biggest job growth came in health care, financial, and business services, also robust growth in

. >>> the labor department just released its report on the u.s. jobs picture in june. employers added 222,000 jobs last month and unemployment is up to 4.4%, up .1%. it's higher than predicted. >>> tesla's first model three is expected to roll off the assembly line today a few weeks sooner than expected. ceo elon musk shared the news on twitter earlier this week. they will have a handover party for the first 30 customers on july 28. >>> let's take a live look at the big board. the dow is up about 83 points. >>> all right. the dow is up and the temperatures are up, too. roberta? >> they certainly are inland. anywhere away from the bay, hi, everybody, let's get to it. lots to talk about. it's our live weather camera looking out at the bay right now. look at the flag on the fly atop pier 9. it's fluctuating and picking up wind speed there. otherwise, great visibility. there you have the scene. isn't that just gorgeous? does that just say san francisco? wow! low clouds, you can almost hear the trolley cars, right? you can see right now the low clouds. closer to the bay, co

the economy added over 220,000 jobs in june according to the labor department. but the unemployment rate did tick up slightly from 4.3% to 4.4% because more people entered the work force. so far this year, job growth is on pace with 2016, all thoi across the board salaries haven't risen much since the last recession. >>> ride sharing giant uber just rolled out a big change to its service. the app now has an option to tip your driver in more than 100 cities. it is something uber drivers have long called for. but if you don't tip, will it affect your customer rating? a lot of people want to know that and apparently it won't. drivers reportedly won't know whether passengers have tipped them until after they have rated them. >>> and we've all been there, the sign says do not touch, and yet that's what happened to vice-president mike pence at nasa's kennedy space center. the sign said, critical space flight hardware, do not touch. and the picture of the vice-president doing just that broke the internet today. for his part, pence tweeted to nasa that he was sorry, and

labor department said the overall unemployment rose to 4.4% up from 4.3. >>> economists say it's evidenceeconomic momentum heading into the second half of the year. the unemployment rate fell to 7.1%, lowest level in more than 17 years. that is good news. it's good when we hear about job numbers going up. certainly the employment rate going down. it always sounds like great news for our country >> there was a lot of talk i would say likely as we saw the job rate drop after the great recession. the question was, was it on account of less people looking for work? both sides will try to spin the numbers. with us to talk about the jobs numbers is a senior policy analyst at the independent women's foreign. what is your take away from the >> these numbers were a blockbuster report. economists were only expecting about 179,000 jobs to be created. and we had 222,000, which means that employers feel encouraged. they have some confidence in the future and they're willing to be able to hire people. now, there are sore spots, stubborn areas in the economy that still haven't turned round >> what are t

the labor department reports the economy added 222,000 jobs last month, but the unemployment rate climbed to 4.4% as more americans started looking for work. the department of education and secretary betsy devos are being sued by 18 states and the district of columbia, that's after the department suspended rules meant to protect students at for-profit colleges who are often stuck with heavy debt. jericka duncan shows what's at stake. >> with a son to 30-year-old danielle ramos wanted to improve her earning power so enrolled in american institute in massachusetts. >> a.c.i. was promoting a medical assisting certificate you could receive in nine months. sounded really great. >> reporter: when the institute shut down in 2013, ramos was left with $15,000 worth of student loan debt. the institute later admitted to falsifying grades and attendance records to qualify for millions in federal aid. ramos is among thousands of students with student loan debt from for-profit schools due to predatory practices. under the obama administration, a regulation known as the borrower defense rule was created

meeting are released and the president heads to poland for meetings with the polish president the labor department'sob report is out on friday, measuring how many jobs were gained or lost for the month of june and president trump heads to the g20 summit in hamburg, where he is expected to be meeting with russian president putin, among others >>> if you are looking for some wine for the fourth of july weekend, we have a red, a white, and something new. food and wine's executive wine editor has traveled around the world and found some summer wines at a great price tough job, but somebody's got to do it. >> i do what i can asked me to do it, fine, why not? >> when it comes to fourth of july, people think fireworks, celebration, sparkling wine. what do you have for us? >> i brought something interesting, i brought a spanish sparkling wine from sort of the area south of barcelona. >> never had it before >> the nice thing, it's very dry, very crisp. kind of the closest thing you can get to champagne that's not champagne that's affordable. so it's about $15 a bottle standard champagne is $35. >> $15 >> mad

the labor department says the claims went to 244,000 up from 234,000, the previous week. despite the rise in unemployment, claim remain at historic lows. and it is the end after area for the ipod shuffle, and nano , apple says it will discontinue it last two music players, that cannot play songs from it streaming service, apple music. they of course are direct descendent of the original ipod, introduced back in 2001, and can only play music that's been downloaded from itunes, from physical media. >> attesting firm called it roots metric, ranks mobile company number one in overall performance reliability, feed, data, calls, at&t came in second, sprint came in third, t-mobile came in last. >> and move over red versus blue state. we're ping nation, according to wal-mart. pink in all it different shades, it is america's best selling lipstick color. in honor of national lipstick day tomorrow, wal-mart looks state by state at what people buy most. after pink, rose, and mauve, they are the top colors, red is only preferred in d.c., in hawaii. >> all right, hena, so hena, i'm cur

the labor department says employers added 222,000 jobs last month and the unemployment rate went up by 1/10 to 4.4%. the jobs numbers boosted the markets. the dow was up 93. strong gains also for the nasdaq and the s&p. >>> facebook making big plans for expansion in menlo park. the social media giant wants to add 1.75 million square feet of offices, housing and retail space to the willow road campus. facebook says it won't just be for the thousands of employees at the site but also serve as a community center for the menlo park neighborhood complete with much-needed grocery store, construction beginning sometime in 2019. >>> tesla rolled out its first model 3 off the assembly line today ahead of schedule. it's been billed as the first electric car for the masses. the model 3 starts at $35,000. tesla already has about 400,000 preorders for it. the company says it will have a handover party on july 28th for the first 30 customers. >>> a growing number of time share owners wants to get rid of their vacation properties. consumerwatch reporter julie watts with a warning about companies that

invest remembers watching for the labor department's jobs report for june due out this morning. this morning, futures, pointing up. yesterday, stocks tumble here on wall street to their biggest lost in more than six weeks. the dow dropped 158 points, nasdaq finished 61-point lower. >> the tv shopping network qvc is buying rival home shopping network in a deal worth over $2 billion. qvc parent company already owns 38% of hsn stocks. both companies have seen their sales drop. as more shoppers buy items on line. the companies say the merge we are result in the thirds largest e commerce site, behind only amazon and wal-mart. >> tezsla has lost it top spot as the most valuable car maker in the u.s. after a three month run. the drop comes after a tough week for the car company. it announced lower production estimates, and saw new competition from volvo. the company also failed to get the top safety rating from the insurance institute for highway safety. >> and, you can now have ice cream delivered to your front door. baskin robbins is expanding its delivery service from los angeles an

the labor department says u.s. hiring rose last month to the highest level in 4 months.economy add 222,000 jobs in june. that's good news but unemployment actually ticked up a little to 4.4% because more people were looking for work. john gains in april and may were also row viceed upward by 47,000. >>> a tesla pant in fremont cranking out model three cars. we looked at production that started yesterday. model 3 billed as the most affordable electric car and the company is hoping it will give sales a boost. other car companies have began investing heavily in self- driving vehicle technology. tesla slipped to number 3 for autonomous vehicles behind ford and gm. >> it's a trend and goes up and goes down. and you know, with the luxury that comes with tesla, too, i do appreciate that in a vehicle. you will pay this much for a car and might as well get one that's nice inside. so. >> the ranking didn't matter to you. >> no i don't think so. >> there's a long wait for the new model 3a customer who buys one today won't see it until august of next year. >>> france is planning to

department of labor. the iraqi women couldn't believe it. they cannot believe that women held half of the top leadership positions in a big government ministry like the department of labor. ,t was a small but significant an inspirational gesture. it was a touchstone for these women. i told then this is their goal. achieve thesel to leadership positions so that the organizations they enter into would have gender equity as well. it was a reminder that even in the most advanced economies, there is always more that can be done. i am here to thank you so much for everything you are doing globally to ensure that each sister, andhter, wife can grow and reach her full worldial, so that our will be a better place. thank you for all that you do. [applause] have a great conference. ♪ >> thank you so much for allowing me the opportunity to share my story and music with you all today. it is truly a great honor. four years ago, while i was still in aleppo, i studied at thes administration university of aleppo. i was also employed as a full-time filing teac

labor department says the consumer price index which does not include food and energy costs increased 0.1% separate report by commerce department showed retail sales declining .2% last month s&p 500 gained 4.7% friday, the dow was up 3.9%. nasdaq gained 2.59% for the week real estate was the best performing sector, and financials lagged after several disappointing sets of bank earnings leslie picker, cnbc business news. >>> moving to european corporates, look at one or two big stories of the day, dame carolin mccaul, outgoing ceo of easy jet is new chief executive of itv she previously led guardian media group. change in leadership comes at a very difficult time for easy jet in the midst of repositioning business in the wake of the brexit vote. speaking to cnbc in may, answering questions, sought to play down reports she had fallen out with largest shareholder and founder of easy group. >> we believe in a constructive dialogue with all shareholders we will be seeing all of them for the road show in the next couple weeks after these results. >> these are the three issues i pulled out o

the labor department says that is because more americans began looking for work, but not all of themobs. news of a recession is a little exaggerated. >> last year there was a 40% chance of recession. the market had started to get a little bit better. we have had three months of really strong top growth. today, 220,000 jobs. that's a big number. we only need 100 for our economy to breakeven. that's a good run rate for a 2% economy. if you take the past three months, we have averaged 195,000 jobs per month which is robust. >> april and may were revised. that is why we're getting an average of 197 that is why we're getting an average of 197,000 jobs. analyze, we will be at 1.9 million jobs by the end of the year. >> unemployment up just a smidge. by the end of the year, can we see it under 4% quick >> there is slack in the work environment. you have people coming back in. if we continue at 180,000, $190,000 run rate, we could see the unemployment rate -- rate tip to 4%>> that's good news. >> it hasn't happened. this is a phenomenal time. we've had every month increasing . >> so many job

tuition at college rose 1.9% in the year according to labor department numbers. by contrast of 1993 last year, tuition grew 6% a year. several factors contribute to this page some colleges and universities offering discounts, healthy job market. they raise prices alarm with financial aid and charge more. still a lot of student that. i doesn't go away. see you in a bit. lauren: sad news we're following right now. at least nine people dead, nearly 20 more in the hospital and they suspect did human smuggling case. more from fox news kelly wright. >> and emotional vigil for the victims of the human smuggling attempt. several miners are among the people who died after being crammed into the back of a tractor-trailer. it was found at a wal-mart parking lot in san antonio. more than three dozen people left in sweltering conditions with no air conditioning or water. 20 of them are in the hospital in serious condition. sending it to vigil at a san antonio church was somber and at times angry. >> this is a direct result of -- [inaudible] community activist blasting san ant

, this disability conference back at 1:00 with speeches by a hollywood casting director, the labor department official in a panel titled on the future of the americans with disabilities. during the spring were going to look at some of this morning's conference teaches. >> now i want to invite only goes to come to the front. only campos has she's coming to the front going to start introducing him. he is a superstar. he's a personal friend and mentor to me. blind since birth and active on civil rights issues for more than 27 years. only campos, presently serves , i'm going to translate only campos presently serves as national assistant to the acting secretary for civil rights at the us department of education. former position includes staff attorney and director of outreach and education at the disability rights legal answer in los angeles. general counsel and director of programmingat the american association of people with disabilities , special assistant and later counsel to the assistant attorney general for civil rights at the us department of justice. vice chairman of the president commit

in the labor department, the budget would reduce labor department investments by $2.4 billion, including large cuts to job corps, job corpses, a place that would allow young people to have -- job corps, a place that would allow young people to have training for jobs. to prepare disadvantaged youth, youth we say we are concerned about, those are the individuals going to job corps looking to be prepared for the workplace. and we are going to reduce that by $2.4 billion. that doesn't make any sense. the budget request for the department of energy would slash research funding and move away from investments in renewable and renewables. including a 70% cut to the department's office of energy efficiency and renewable energy. and zeroing out its weatherization assistance and state energy program that aid low income families with reducing energy costs. the department's office of science would be cut by 17%. that budget slashing to noaa coastal science program includes eliminating noaa's sea grants program, coastal research at university and the coastal zone management grant that aids with climat

. >>> it's jobs friday we're talking expectations and market implications ahead of that labor department release. >>> and berkshire hathaway striking a multibillion dollar dear to buy a utility company. details coming up. it's friday, july 7, 2017. "worldwide exchange" begins right now. ♪

. >>> the ua labor department ordered wells fargo to rehire a whistleblower.fired the bank manager in 2011, after he raised concerns bank employees were opening accounts without customer's knowledge or consent. this became an all consuming scandal for the san francisco based bank. last year, wells fargo admitted employees opened up 2 million accounts without getting customers' permission. >>> on wall street, stocks slid slightly. the dow fell 31, the nasdaq lost 2. the s & p was down a fraction. >>> police are on high alert outside jerusalem's old city, an escalation in violence after metal detectors were installed. a decision by israel to install the detectors at the gates to the holy site came after palestinian gunmen killed two policemen. the palestinian leaders say they were an attempt by the jewish state to expands control over the site. the israeli government says the detectors are there to stop more attacks. >>> in greece, authorities and turkey are surveying the damage from a deadly 6.7 earthquake that hit yesterday. drone video shows some damage. on t

reporter: the labor department says it has taken steps to improve safety and security. including a zero tolerance conduct policy for students and a new hotline and awareness program and training. all hoping to lower crime at job corps. >> one incident if it involves your child or someone close to you is too many. that is why they are in the process of looking at it more closely. >> job corps attract incidents that happen on the field trip and the other program sponsored events so the totals here are much higher. to see what we found digging into the data behind the report watch our expanded investigation on circa.com. i'm joce sterman for circa. alison: thank you. meanwhile, breaking news right now of the of prince william county where three police officers are treated for smoke inhalation after responding to a bizarre incident at a home in woodbridge. nancy chen is live to unravel details. nancy: this coming in now. the breaking news out of woodbridge where a woman was taken to the hospital with life threatening injuries. when the officers arrived at the home on east l

will be interesting to see his reaction, because during the election campaign he called the labor department jobs number na pony and one of the "biggest hoaxes in american modern politics." everybody else is interested to see how much, i suppose, legitimacy he puts into that. >> bret: that will be fascinating to see. liz clayman, as always, thank you and have a great weekend. >> you too. >> bret: president trump and vladimir putin and their two hour plus meeting in germany. we will talk about what they talked about and how it's playing when the panel joins me from washington afte you won't see these folks at the post office. they have businesses to run. they have passions to pursue. how do they avoid trips to the post office? stamps.com mail letters, ship packages, all the services of the post office right on your computer. get a 4 week trial, plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> president putin and i have been discussing various things. >> i am delighted to be able to meet you personally, mr. president, and

. >>> it's jobs friday we're talking expectations and market implications ahead of that labor department release. >>> and berkshire hathaway striking a multibillion dollar dear to buy a utility company. details coming up. it's friday, july 7, 2017. "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange" on cnbc. i'm dominic chu in for wilfred frost. >> i'm morgan brennan in for sara eisen it's new music friday, we're getting your weekend started with a brand-new song by zed and liam payne called get low. what do you think? >> i kind of like it it's firing me up for jobs friday also makes me feel like i'm in a club on a saturday night >> i hear get low, i'm thinking lil john >> and the east side boys for sure let's check the global markets there is some stuff going on ahead of this big jobs friday. if you look at the u.s. equities picture, it's generally flat, maybe to be expected after a down day yesterday things are holding steady ahead of that 8:30 a.m. eastern time jobs report. you can see the implied open for the dow, just about one point. the s&p ab

the labor department says the economy added 222,000 jobs and unemployment kicked up to 4.5%.april and may were revised upward by 47,000. hourly pay rose 2.5% from one year ago. 3.5% would be more typical of a healthy economy. >> another sign of the times for a struggling retailer. sears has announced it will close eight more stores and 35 kmart locations. two of the kmart stores are in california, one in eureka and one of the riverside. this latest round brings the number up to 300 this year alone . sears has more than 1000 locations nationwide. these latest doors to be closed. -- happen by early october extract the police officers are being called heroes after saving people from a burning building >> our job is to protect the citizens of san francisco. severe -- >> temperatures soared across parts of the bay area, well up above 100 degrees. coming up, details on a heat advisory issued by the national weather service. >>> three san francisco police officers are being called heroes for rescuing more than one dozen people from a burning building. the hat -- the fire happened ov

joining us now is paul conway, former labor department chief of staff.our take on this latest report? >> i think it's a strong report especially in the context of what's going on here. the president has a foreign policy, he has a national economic strategy, and this number when you take a look at it, i think, is very reflective of the fact that optimism remains very strong for the president for his commitment for lore taxes, tax reform and basically deregulating, using the federal government to step back off the backs of small businesses and major companies in this country and put people back to work. if you take a look at it within that context, it's very strong. in the details of it, you're seeing small business growth in states that have been way behind over the past few years; north dakota, south dakota, maine, you've seen a lot of growth in that area. you're also seeing a quit rate now where more people are leaving a job to find anotherç one that's better paying, that's close to double what it had been in 2009 which is a very good sign. ashley: tal

the labor department has asked the tech giant for information about more than 25,000 of its workers in connection with a gender bias case. the government is looking into whether google pays women less than it pays men. the judge said the investigators request was too broad and intrusive. google has been ordered to -- to turnover data for 8000 workers including their contact information. >>> in the bay area, the gap between wage increases in housing costs keep growing. a new report by the silicon valley institute says the cost of renting a house went up by 9% in san francisco, santa clara and san mateo county over the past five years. salaries only went up about 2.8% in that same period. economists blame the quote -- growing up in the slow pace of home construction and the high cost of housing. >>> it looks like major u.s. companies are increasing their 401(k) benefits. the vanguard group finds the average company contribution last year rose to 4.7% of employee salaries. that's up almost 1% from the year before. the wall street journal says the reason for the increase is an effort to ke

a couple of key economic reports out from the labor department.claims fell by 3,000 to 247,000. that ended three straight weeks of gains. and labor also says that its producer price index which tracks wholesale side inflation was up only a tenth of a percent in june up 2% from the year earlier. inflation is really cooling off the past two months. the fed chair told members of congress yesterday that lower inflation right now is keeping the fed fairly cautious on rate hikes that led to gains on the market yesterday a record high for the dow and stocks building on that this morning. the dow going up by a couple of points starting to lose the momentum right now though. nasdaq up 7 points. the s&p up by three, back to you. >> thank you, jason brooks from kcbs radio. >>> new this morning, climate scientists have a serious warning for the bay area! the union of concerned scientists predicts in the next 4 decades, chronic flooding from rising seas could devastate waterfront communities like east palo alto, alameda and san mateo! the scientists also belie

shepard: more americans found jobs last month and the analysts were predicting, according to the labor department,000 job to make jobs, the monthly averages 180,000, they say that unemployment was 4.4%, that is up in may, but really, that is the good reasons, they say that it is because more people have joined in the workforce. a live look at the down now, it is been hovering, one of the biggest winners of the the days mcdonald's, they are up 2%, i am not exactly sure why, but it could possibly because mayor mick jeeves is doing it up, he has made a decision that they are testing now mcdonald's loaded baked potato fries. i think we have a picture, they come with bacon and cheddar, they are serving them in the pittsburgh area and parts of kentucky, ohio, and the lobster roll is back it, this mostly new england, rocking that on a hot hotdog bun if you are into it, mcdonald's, living large. it's nearly four in ten american workers are high risk of losing their jobs to robots. that is according to a new report from twc, they found that the change can happen over the next 15 years, now some companies

. >>> consumer prices were flat according to the labor department in its consumer price index up only 1.6% from year before. good news at the grocery store as food prices flattened out after five straight monthly increases. big banks are in the spotlight as they report their earnings including san francisco-based wells fargo, jpmorgan chase and citigroup. wells fargo topped profit expectations. its income is up 4.5% to $5.8 billion. revenue of $22 billion was a little under expectations. wells fargo continuing to rebuild its brand after its fake account opening scandal. despite the largely positive earnings results for those banks, investors don't seem all that impressed. shares in each one of those firms is lower in the early going. let's check it. dow up 15. nasdaq up 19. s&p up 9. shares in wells fargo down by over 2%. back to you. >> thank you. >>> if you grove around san francisco you know the -- drove around san francisco you know how hard it is to find parking. a new study finds that drivers in the city waste an average of 83 hours a year trying to find a spot. san francisco ra

whether on the environment and what they're doing and the epa, whether it is rules of the labor department, whether it's getting rid of the office and contract, whatever it is we see it the stuff that they're doing with language and healthcare the overall goal is to deregulate and to make sure the people who are the capitalists maximizing profit. it's just about maximizing profits. capitalism does what, iteq requires inequality. you learn that any con one oh one. the only question is who's gonna be at the bottom in his going to be at the top. getting rid of the stuff is clearing the land for capitalism to thrive even more than before. >> racism in the united statesy is basically intertwined with capitalism. that's the nature of the basis. racism is the way this country has justified its economicif expansion. it's the way we justified our financial system. remember, enslave people where the collateral for bonds which were the basis of development of our banking system. capitalism requires a to be able to pick up folk who can easilyfo be exploited. if you think back on history, enslave peopl

the labor department had asked the tech giant for information about 25,000 workers in connection withr bias case. the government is looking into if google pays women less than men. the investigators request was too broad and intrusive. google has been ordered to turn over data for 1000 workers including contact information. >>> in the bay area, the gap between wage increases in housing costs keeps growing. there is a new report by the cyclic valley institute that says the cost of renting a house went up by 9% in san francisco, santa clara and san mateo counties over the past five years. salaries only went up about 2.8% in the same period. economists blame the growing gap on the slow pace of home construction and the high cost of housing. >>> a man targeted after -- a man killed after being targeted for his camera on twin peaks. next the steps of -- a tourist spot that makes people stay safe. >>> repealing obamacare without replacing it right away. i am doug louisiana and washington. we will have more on the new republican strategy ahead. >>> plenty of fog has returned. it was patchy y

states have the economic growth rates released and ours was six 10ths of 1% according to the department of laborat's the department that released those numbers. and we were 39th out of 50 states. every state from maine to florida on the east coast with the exception of delaware, which has a population smaller than fairfax county is beating us in economic growth. that's a fact. and you can look it up anywhere you want. it's indisputable. >> thank you so much, happy 4th of july. sending it back to you. >>> by the way ralph northam campaign responded to the "washington post" i'll read the quote. dr. northam likes fireworks as much as anyone but he wants to make sure you can afford healthcare in case you >> let's talk a little bit about the fireworks. a lot of folks will be heading to the mall outside to watch them. but what are the weather forecast caitlin >> we getting thunderstorms in the forecast. unfortunately for tomorrow, it's a small chance but a chance nonetheless. your independence day forecast for tomorrow for the parade, you'll be fine. hazy sunshine kind of humid, of course, and hot all

we'll find out on friday, when the labor department puts out the june employment report. >>> i'm dominichu. get all your business news on cnbc. >>> in montgomery county, an anti-bullying program is a slam dunk with the kids. nbc 10 at arcadia university in glenside for the start of hoops against bullying. philadelphia police help to organize the program, it encourages young athletes to talk about bullying that can be successful members of society. >> college prep class here too, in terms of just preparing them, giving them information, how they get to a beautiful university like this, or college, and also how to further themselves as far as education is concerned. >> the three-day tournament continues today, it will be capped off with a championship game. >>> now, your nbc 10 first alert weather. >> i'm just hopping live camera to live camera. they all look great. ocean city, new jersey, clear skies, just a few thin clouds and that bright sunlight to start off our day. it is going to be a mostly sunny day, much better than what we saw on saturday. saturday as expected, not a washout, we