here's cnbc's bertha coombs. >>> the issue for bank of america and most banks is that they're now going to lose a lot of revenue. they used to be able to charge 44 cents every time you swiped to make a purchase with your debit cards. now they can only charge 24 cents. for bank of america, it will be a $10 billion in fees. they're instituting that fee to make up for some of that. bank of america in particular is saddled with a lot of potential losts when it comes to mortgages because they bought countrywide mortgage. they're intent on making sure to continue to make as much money as they can. they face lawsuits on that and they may have to write down even more as people continue to have trouble paying their mortgages. for news 4, i'm bertha coombs. >>> trying to buy a car on-line led a family from fairfax county in danger. they were held up when they tried to purchase the cars two. in newington, one in clifton. one case, a gun was pulled out. if you're buying something from craigslist, meet in a public place during the day and bring something with you. >>> it was just over a year ago tha

bertha coombs joins me. weekly numbers. help me out. >> weekly first-time jobless claim, 409,000, down 12,000 from the week before. above 400,000, we've been there for a while. and they kates obviously things aren't moving. we got other data that's also mixed in terms of the job front. productivity in the second quarter, plus 0.7%, a little more than expected. normally that would be good news because it means if we're less productive you have to hire more people to bring that productivity back up. but labor costs rose more than expected, up 3.3% versus the 2.2% estimates, which likely means employers now facinging higher costs are likely not to hire people. so that's the conundrum we're in right now. we're expecting to get manufacturing data. that's a big one. some folks are looking for that manufacturing index to fall below the level that shows the expansion. that would be a negative for the mark. futures to the upside. we're getting some good numbers out of the retailers. looks like back-to-school spending is back despite

we head to bertha coombs for the latest on that. >> barbara, we have the dow up 165 points. and after the german parliament said that it was going to back the greek bailout although confidence continues to waiver, specifically when you talk about the national new homes and the lowest level in yet again to a fresh historic low of 4.1%. confidence, also, wavering. they are feeling less confident about the strength of the economy. over the next six months and more nervous about hiring new workers. according to a new survey from the business roundtable, only 36% of chief executives now expect to add employees in the next six months, which is less than half of those surveyed last spring. priceline is launching a service for those willing to gamble on last-minute hotel reservations with tonight-only deals part of their iphone appful travelers can chose their hotels at 34 cities and get discounts by booking on the same day and hoping that they are not sold out. the dial of the day, though, is a contest to win a roll in one of the commercials and giving away free coffee for a year t

cnbc's bertha coombs joins me now for the market rundown. why?ttle bit of hope and a prayer, i guess. we were down 6% last week in terms of the dow, the worst week since october of 2008. we all know what happened then with the financial meltdown. investors didn't get anything over the weekend from the meetings of european finance ministers or imf. there's hope we might see a t.a.r.p. fund to shore up european banks and rate cut next month from the ecb version of the fed. a number of big votes loom in europe and germany needs to approve whether they will go for that next installment of bailout money for greece. a strike going on there against the austerity measures. then here at home question have a lot of data on tap starting with new home sales for august and later this week a final reading on second quarter gdp. how much did the economy slow down last spring and how much did it slow down this summer. new data out of the chicago fed this morning showed economic activity turned negative in august and wall street is watching this senate vote on sh

cnbc's bertha coombs joins us live with more on that story.good morning, joe. >>> it's this tantalizing thing out there. mortgage rates dipping below 4%. that could trigger a refinancing boom, or at least a desire for people who can. according to credit suisse, as of thursday, lenders were offering an average of 3.91% on 30-year fixed loans to borrowers who were willing to pay points or fees on about 1% of the balance. but some homeowners, even if they had to pay points, have been finding it harder to refinance because of stricter lending standards. those who could use it the most, if they're under water or don't have enough equity in their homes, are generally shut out of refis as well. >>> amazon may be the next big contender to take on the ipad. the company expected to unveil its own tablet this week at a press event here in new york on wednesday. the kindle tablet will reportedly run on google's android system making it easier to run android apps on google's amazon store. it may have anywhere from a 7 to 9-inch screen, and the real appeal

. >>> i'm bertha coombs with your cnbc market wrap. another wild day on wall street.eing down double digits. the s&p 500 was up 9. the tech-heavy nasdaq lost ten. investors are going to pull their hair out today. they were down over 100 points into the red, but battled back on that triple-digit finish. it's one of those things that we've gotten used to on wall street. shares started out a lot better than expected, coming in below 400,000 for the first time since april, although the labor department says there may be technical issues with that. the commerce department also revising its second quarter gdp number higher, confirming slow growth rather than a recession. meantime, better news out of europe as germany's parliament approved some controversial reforms to the european bailout fund. but shares of u.s.-lifted chinese companies took a big hit on word that the justice department is looking into accounting irregularities among those stocks. and research in motion slid on rumors that it is abandoning its playbook tablet and canceling plans for future tablet pcs. that

. >>> i'm bertha coombs with your cnbc market wrap. storming back on better news out of europe breaking a three-day losing streak. the dow-jones industrial soaring 275 points. the s&p 500 adding 33, and the nasdaq up 75 points. germany's highest court ruling that the country's participation in bailouts for its struggling neighbors is constitutional. that went a long way toward easing fears about the debt crisis there. and we saw companies with significant international exposure in today's rally. investors shrugging off a beige book report from the federal reserve that showed the pace of recovery slowing in lots of areas in the country but financial surging with bank of america out in front after it makes major changes at the top its executive list. and a solid rally for some of the smaller banks as well. an analyst's upgrade out of deutsche bank. finally, yahoo gaining after firing ceo carol bartz amid relentlessly sluggish ad sales. had a falling out with its chinese partner ali baba that firing coming in a phone call. that's it from