, so let's hear it for erica jones from bank of americaism thank you so much! [applause] >> alright. good all most afternoon everyone. it is so great to be here. great to see all your faces. on behalf of the 6 thousand bank of america employees in the bay area i want to say thank you all for allowing me to be here and speak with you today. it has been amazing to getting to virtually meet some of you. our commitment to advance racial equality and economic opportunity in the bay area across diverse communities and help individuals and families live better financial lives is through investing through lending and through giving. bank of america has a long history investing in youth development and employment opportunities. since 2010 bank of america funded 20thousand jobs for young people. helping them gain valuable workforce skills and stay focused on their futures. we also invested $160 million since 2018 to connect youth and young adults to jobs, mentoring and other opportunities includingfunding jobs with non profit partners and are supporting skill building and

i reached out to bank of america and made a case the two san francisco institutions, bank of americahe wok shop should be able to work this out. be of aid came through, -- b of a came through. they suspected the clients device may have been compromised. they returned the entire stolen amount. when i heard the good news, i headed to the wok shop. how are you doing? >> mr. finney, how are you? reporter: i really want to thank bank of america for all its hard work on this. there are some details, the bank really had to take in and investigate and i appreciate they did that. if you have a problem with zelle , let me know by going to abc news.com. for more information to keep from being ripped off, bank of america has posted some great advice. there's a link on our website. i also want to hear from you, send me your stories about buying a home, apart, enough alone, anything that has to do with money. i want to hear about your triumphs and frustrations. that is abc of dutch abc7news.com/7 on your side. dion: tell nancy pelosi hosted a roundtable discussion on reproductive health today in s

the market solar system individual investors are not just planets, their jupiter according to bank of america household, not hedge funds or major corporations are the biggest of u.s. stocks try $38 trillion. now bank of america is saying about them in the stock market has not been putting because the households have become classic guerrillas. they want to see these folks sell. nothing there, you can see the chart that we have not only selling recently but the fact of the matter is we haven't seen a whole lot of outflow since the end of the global financial crisis. it's amazing to think how great fundamentals we have come even as we get to the inflation recession crisis, bank of america wants to see you dump your stock. joining me to discuss rob and portfolio manager chris, let me start with you. you work with a lot of individual investors, i know your messages find hold, what about this message from wall street cell because it will make everything better for everyone. >> that's what we talked about last week the trying to talk the market down because they were on the sidelines. a month ago th

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bank of america pivoting quickly to rate cuts. a look at what bank of america sees from here. look at the midpoint of the fed fund target rate at the terminal chart. 2.4%. bank of america seized that getting to 3.5% or 3.75% i the end of the year. until we see a change of inflation at 8.5%. they needed around 2%. -- need it around 2%. haidi: let's not get ahead. the full impact may not yet be felt. annabelle: yes. we have had a big move higher in global stocks since june lows by nearly 10%. also risky assets. this is also off the back of expectations that the fed would be at the final stages of tightening. that could certainly not be the case. essentially, the full impact is still to be seen. what that means in terms of strategies, they are seeing risky assets are looking a little better here. haidi, they say, do not sell in a quiet market. they say it will get noisier ahead. haidi: a lot of uncertainty ahead of what is a big week for central banks. let's get to vonnie quinn with the first word headlines. vonnie: richmond had pres

coming up the ceo of bank of america is coming up, brian moynihan will give us his take on how the consumer, the recession in the state of the economy in his meeting with president biden. that is coming up at 8:00 a.m. easter this morning. red hot inflation out of control in washington, it could spend its way out of trouble. have the reflation reduction act to spend even more of your tax dollars away. we are back at the border tomorrow. our show is live from mcallen texas area at the us-mexico border where we will get another look at how bad the crisis has become since our last visit. you will not want to miss live from the border as we in on human trafficking and all those drugs flowing in. you are watching "mornings with maria" live on fox business. ♪ wow! it's been 38 years since we were here. back then we could barely afford a hostel. i'm glad we invested for the long term with vanguard. and now, we're back here again... no jobs, no kids, just us. and our advisor is preparing us for what lies ahead. only at vanguard, you're more than just an investor you're an owner. giving you confiden

bank of america say 2% in the next six to 12 months. ar-yen rallies, one of the most aggressive rallies in six months. standard chartered say cyclical peak in dollar-yen, yield differentials may already be in place. the dollar itself of course belongs -- on its longest losing streak since april. copper is down very much on the guidance from the chinese of 5.5% as a guide level for growth, not a target, not a hard target. copper is down 1.71%. let's get to jewels standing by in singapore. juliette saly. >> u.s. house speaker nancy pelosi is expected to arrive in taiwan later defying objections from chinese authorities. the visit would make pelosi the highest ranking american politician to go to taiwan in 25 years. the white house says the trip does not signal a change in policy. china has promised grave consequences for the visit. the man who took over the leadership of al qaeda from osama bin laden has been killed in a u.s. drone strike in afghanistan. president biden approved the strike and confirmed the killing of ayman al-zawahiri whi

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crisis alfredo realized something was wrong when bank of america poses account in january.stranger's email and a phone number in texas. his statement showed several charges he never made but the worst part is he saw a large money transfer totaling nearly 15 ground had gone into three separate bank accounts, none of them belonging to alfredo. >> these transfers being made were not mine. >> he filed a claim but the bank rejected him right away, saying we have completed a review and determined know ever has occurred. class is like i got hit in the stomach when they denied my claim. not just the first time. >> the bank denied his claim. >> it baffles me to the lack of effort they did to try to rectify this problem, knowing that they have problems like this for the past few years now. >> he says the bank could have checked the accounts there received his money to find the thieves that billy took it. we asked bank of america if they used an automated fraud filter to decide his claim and the spokesperson said we have not used that filter in more than a year. >> you showed so much

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i reached out to bank of america and made a case to two san francisco institutions, bank of america andhop should be able to work this out and they came through, telling me that based on additional information provided by the clients daughter and further research on our part, we suspect that the client's device may have been compromised. bank of america return the entire stolen amount. when i heard the good news, i headed over to the walk shop. look who is here today? how are you doing? >> how are you? michael: i am doing good. how are you? >> better now. michael: i am michael finney, 7 on your side. liz: nice to see happy ending. we want to hear from you. you can send us your stories about buying a car or paying off the loan, anything that has to do with money. go to abc7news.com/7 on your side to share them with the team. it is hard to believe it is already the last weekend in august. september is essentially here. lisa: that is when we will crank up the heat, we always do. as we get toward the end of summer, there is santa cruz where temperatures are in the mid-50's. it has been in t

i reached out to bank of america and made a case at two san francisco institutions bank of america andbe able to work this out and be of a came through telling me based on additional information provided by the client's daughter and further research on our part. we suspect that the client's device may have been compromised. bank of america return the entire stolen amount but i heard the good news. i headed over to the walkshop. look who's here today. how are you doing? i'm doing oh my god. vinny how are you? i'm doing good. how are you? save better now. i'm michael finney seven on your side. oh, i'm glad that worked out. we want to hear from you too. you can send us your stories about buying a home a car paying off a loan anything that has to do with money go to abc7news.com/seven on your side to share them with michael finney and the rest of the seven on your side team. we love a happy ending lisa. yeah, that's sweet. and in fact temperatures, you know, we're not going to change them too much. so if you like the weather the past couple of days enjoy today tomorrow, we're gonna turn up

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bank of america is particularly focused on what is happening in the euro zone as well as the u.k.. ey are rising at the highest level in more than four decades. this is what the bank of america says. the bank of england will need to do a lot more moving forward. >> we are still worried about the outlook of china's economy as well. >> yes. they are starting to see even more gdp projections coming through. goldman sachs says that the for your gdp will come at 3%. the reason they are saying that is we did not have the july activity data. that was weak when it came in earlier this week. those covers your policies and china continue to take a toll. other areas focusing on the energy supply issues we have also been talking about. it is highly reliant on hydropower for its energy. very vulnerable to these drought issues we are seeing. we can take a look at some of the more micro indicators, we are seeing companies having to adjust their production here. particularly the likes of toyota and the battery maters. they are being forced to make some changes here based on those issues we are seei

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