abc7's cheryl johnings brings us inspiring stories of children attending camp arroya. and learn how the taylor family foundation is helping change their lives. >>> there is a mixed bag with the weather in the bay area. here's our meteorologist leigh glaser with all the details. >> leigh: we'll try to put this together for you. pretty simple forecast. it does include quite a bit of instability around the bay area. live doppler 7hd showing you the counterclockwise spin as the low sets up off the coast, and that's the big player in the next two or three days in terms of the forecast. the high sierra right now picking up isolated thunderstorms. south lake tahoe, moving in your direction, and blue canyon, but i want to show you the wide screen. here's the low, the counterclockwise spin, a little convection right there. and then check out the subtropical moisture feeding north toward our area, and as we get into tuesday and wednesday, all of this will slide a little closer to us. so that's why we have a chance of isolated thunderstorms in the forecast. we'll get to that in a

cheryl: great point. >> the yen will indicate, if we see the yen lose strength against that dollar you know it is really, the yen has been trading inverse relationship, with the s&p. cheryl: right. >> so look to the yen to gauge, you know the open interest but i really think it will be a selling off kind of sent. cheryl: currency markets -- david: jim, keeping it overseas for a moment, the fact is that a lot of people find opportunity now in what's happened in europe. they think europe might have bottomed out. is there any bet you can play there if you believe that's happened? >> well we definitely think it is time to go bottom-fishing. it doesn't mean there aren't some canyons still inside of the eurozone but countries are faring better. economies faring better, markets are faring better germany in particular. we like fidelity active growth. this manager knows how to pick stocks not just through a computer screen but actually travels extensively boots on the ground and lived abroad. we like this moment for active managers in that space. we wouldn't want to buy the whole market and all of its risks but there are clearly rubies in the rubble of europe and we bel

so it's down, and it is the number one loser in the s&p 500. cheryl: just sitting here.big loss. they have some rough. she was having some microphone problems. all right. lori is a busy girl. the closing bell will be bringing seven minutes from now. we have your last chance to make some money. coming up after the break. stay with us. [ male announcer ] imagine this cute blob is metamucil. and this park is the inside of your body. see, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber. metamucil. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stron

we will see you in just a couple minutes when the s&p futures close. cherylthey also liked target. the u.s. and british pushing to gain approval. we will be live at the white house with more. >> also the crisis in syria. still, they are at their highest level in more than two years. we have a top analyst that says do not let the run-up for you. also, we want to hear from you. you think the market is taking syria a little too lightly right now? log on to facebook.com / after the bell. we will read your answers on after the bell. ♪ [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] w about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. ♪ cheryl: shares of garmin jumping today. let's head back to lauren simonetti and the new york stock exchange. >> this is a stock that has done

cheryl: there are 17 s&p 500 companies left to report, they -- disappointment on as in the capital, christinerrow and jackson hole meeting on friday. and the wall street journal, jon hilsenrath on larry summers and janet yellen. cheryl: rich edson talks to two lawmakers, senate finance committee chairman max baucus and that is ahead. dennis: the shocking study on how much you would have to learn to be better off than being on welfare. it is time for stocks as we do every 15 minutes less go to the stock exchange where lauren simonetti is keeping the finger on the pulse, stocks finally in the green after four days down. >> up arrows everywhere. down the ten year down, everything else looking positive, 4-1. and declined today. home depot is to talk about and $78 and now it is looking lower, one of the biggest decliners on the dow industrials today. and the housing market, the

cheryl: overall the market has been affected by the news coming of assyria. hitting a 2-month low. the s, a technical level. what are they? >> i'm watching 1640 right now has an upside target. when we violated 1640 we get a pretty straight shot. overnight the low is 1627. we popped out. came right back down. so i'm looking for this near-term trend. i'm looking really at long-term targets, 1560. david: we put up that target, the market peaked which, again, was kind of at the beginning of august, and a delight. we have had a 5% drop since then. isn't that the pullback that everybody was talking about? now that we have had that, we have a base on which we can buy into the market once again. >> no. i don't think this is the buyback. the retail trade. they're worried that they will miss this rally again. we have a lot more problems. we don't have growth. david: we all agree on that. cheryl: i don't think you agree. >> i will disagree on this particular issue. i would rather be a buyer on a discount. we were level. the next level of support. 1625, 1630. the breakdown area a couple of months ag

cheryl: volatility higher but shares of apache one of the biggest gainers, lauren? >> yep. number two gainer in the s selling a its stake in a egyptian business because of unrest to china's sinopac. david: david: positive going with the negative month here. salesforce.com came out with figures that blew it away. they're up 12.5% for them. good for them. >> is the number one winner in the s&p 500. we're focusing on the positive. they swung to a second quarter and raised their full year numbers. the market always likes when you're optimistic on the year. a huge winner is sales force. cheryl: on at flip side of all this, lauren, we're trying to find decent news here, but one company we follow is electronic arts and that stock actually falling today on big news. what do you have? >> yeah. electronic arts, down about 2% today. down this week by about 4%. nintendo said it is cutting the price of the wii-u videogame console this fall. we're expecting new gaming consoles coming out for the holidays. this is a stock that fell today, this could be a winner as we get into the holidays. david: lauren, generally

s&p. act you. cheryl studio here the panel, james lebenthal and todd schoenberger. todd, welcome back. i'm curious how you are playing the market. concerned about that, but seeing the dow up 71 points. >> we have heard it is going to be a two day conflict so suspect we still have to hear the final approval from the president. if not today, by tomorrow. we are very respectful of that, we will not start humming or enter into any kind of conflict. who will on probably saturday morning. america bombs at night, we can see the enemy, cannot see us. we will start bombing saturday into sunday, that gives us monday to digest. that is why the market is up right now because they know it's a great entry point. cheryl: what about oil service companies? chevron, we're bringing in chevron which is actually leaving the dow. >> yesterday was awesome because you had them up big yet the minors and gold come down quite a bit. also we saw that with oil companies. they are doing great because the traders knew yesterday was a g

cheryl: ben bernanke's picture. >> you can see it has done well. these other companies with large balances of cash and is weighted by current assets which are most sensitive and beating the scome back and do another motif but today it was fracking and shale. very interesting. dennis: an uneasy truce. cbs back on there on time warner cable systems tonight but only for an hour and it is not for football. that story ahead in the media minute. cheryl: shares of sydney group. should you buy, sell or hold? debate on that company in the future. we will be right back. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first pla

cheryl: what are they yelling about behind you? >> the s&p 500. this thing just jumped.actly it. now the mortars are coming in and these traders are adjusting to the comments right now. the big statement if it moves out again today you are seeing a lot of orders coming and in the aftermath. cheryl: interesting, talking about the debt ceiling or gdp. we will continue to monitor those comments and see what it does in the pits of the cme. thank you so much. $600,000 homes for border control agents courtesy of view, the taxpayer. you are going to love this. and as we go to break we listen to the big names moving to the upside on the nasdaq, micron, biogen, e. bay. cheryl: time for a west coast minute, 21 homes on the arizona border for border patrol personnel but at a cost to taxpayers extended thousand dollars according to investigation by the arizona republic. u.s. customs and border protection bureau build the homes to renew employees because the agency argues there isn't enough quality housing near the border helm, and anyway, housing affordability is falling, rising hom

it has been beating the s&p 500 since april 1. cherylnce has been up 14%. >> i think it has gotten beaten up way too much. you have a huge share of buybacks. it is pretty unbelievable. cheryl: your first pick is fielder. it is packaging. >> this is all about the turnaround story. we like the new ceo. he is highly and synthesize to bring shareholder value. it is about cost-cutting. they have some leverage to get rid of, but they are doing it. the biggest risk of -- we believe there is more to do with the company. >> one of our top holdings, you know, it is a wonderful company. as spending increases, visa will be a big winner. the stock has sold off on news about these. there is a good entry point. it really is a core portfolio holding for the next few years for us. cheryl: ex- co-resources. this is naturalas. >> i felt we had to do something that was a little aggressive. they just make two major acquisitions. the question is why am i liking the company to the buyer? again, we like the play on natural gas. we liked the tailwind. we think n

on september 2, it's american express day, giving them out to so many fans on-site,s a special treat for the open. cherylthe fan experience, i mean, you got one of the biggest competitors competing for attention this year, visa, when it comes to trying to compete with the visa customer, how do you differentiate american express when visa and mastercard are such well-known names? >> we focus on what to do better for our customer and learning more and more insights on what they love about the game and making it better. we bring new experiences, both here on-site as well as at home for the fans that are watching and following at home. cheryl: we have to say, deb, you have several -- i mean, you run all the entertainment, marketing programs for american express. i mean, do you find the u.s. open is gaining in importance for you and your company, or do you find that other things are actually getting more international events that you do as well? >> u.s. open tennis has been important and continues to rise, and we have such demand from the card members it's a priority for us, but we prioritize what's important

s and '90s. now marin county prosecutors want to tie him to the murder of 56-year-old cheryl patton. >>> federal budget cuts are taking a toll on head start programs in the bay area and across the country. the obama administration says more than 57,000 children will be cut from head start this fall due to the sequester. the program for preschoolchildren from low- income families saw its budget cut more than 5% after congress failed to reach a budget agreement with the white house. in contra costa county, that means layoffs and shortening the program by nine weeks. >> these are the needsiest families here in the community. many of our families are homeless. many of the children we serve are foster children. >> advocates for children say head start helps to prepare close to a million children for kindergarten along with offering a range of services, including day care, access to social workers and help for children with disabilities. >>> on ktvu.com we have a special back-to-school section set up. that's where you can look up school start dates, school photos of some of our staff members and tips

cheryl: when you say secular bull market, you are concerned about the next three months. short-term concerned. for 2014, let's move ahead. 1825 on the st year is 1825. we don't have a full year yet. we do think that this year that this pullback we're seeing in the market will probably continue, and we are looking more at 1650. people get a bit too excited. cheryl: one thing that we will have next year that -- that we're not going to have next year that we have now is the bond buying program. also, we may have no ben bernanke in office next year. >> i'm not going to venture a guess. i know i would like to see get the job. stanley fischer. cheryl: really? that larry summers or janet yellen? >> a great macro economists. experience from the fed in a the bank of israel job, but this is more of a speculative aspect. at one to spend time worrying about that. i think about it upon buying goes away why it would be going away. because the economy is on much firmer footing. the fed toes of their data dependent. that is good news. the most high to five highly correlated factor of the market is earnings. you will see the highest court related fact

s&p rising anymore. does that -- you have to factor in a trade like that somewhere, don't you? >> well, first and foremost, dave and cheryl, thank you for having me on. david: thank you. >> it's a consideration, you know? if you think about the move that we've had year to date in the s&p, it's been quite impressive being up almost, you know, 18% for the year. and if you think about the two drivers, a lot of it's been multiple expansion, and we feel attaches investment council that's going to be -- david: hey, a second, we do have cel earnings coming in -- dell's the most important. jo lean kept, what's the number? >> we have 25 cents which is a beat on eps, and we also have revenue coming in at $14.5 billion which is also a beat of the $14.18 that analysts were estimating. of course, these reports were scheduled for next week, dell put them out earlier, the second time this year they've done that. we're going to take a closer look and get back to you. david: this is very interesting because this is one of those few times where management was actually hoping for bad numbers, and as you can see, after hours even though they

also found highest earning women at s and p companies earned an average of $5.3 million, about 18% less than their male counter parts. larry, cherylck to you. >> thank you. a berkeley couple looking for owners of a lost puppy. they found the puppy swimming in the middle of san francisco bay. the black lab mix recuperating after the frightening ordeal and her husband hauled the log n at the time it was shaking and scared and suffering from mild hypothermia. >> just cold last night. he was, they said the water was chop yi. was amazing that they found her. and they got a right tomorrow. >> she's not quite home, yet. the dog had a nice collar on but no id tag or microchip. groden and her husband may consider adopting the puppy but prefer to reunite the dog with its own family if they can find it. >> lucky to be rescued. >> spencer promised us warmth. >> i delivered. >> yes. >> it's warm out. can you believe it's 98, 97 degrees in livermore already? in places still heating. upper 90s inland. here is a look at sunny skies across the region. a little silver of coastal clouds and not even touching all of the coastline. looking over the ci

it might have something to do with the fact that dave sported a pretty serious 1980's mustache back then. maybe cheryl can dig up that good photo from the family collection. in 1994, dave moved out of the cloakroom and on to the floor as the republican floor assistant. two years after that, he was named assistant secretary for the majority. and two weeks before 9/11, in august 2001, senator lott named him secretary for the majority. since then the two parties have swung back and fourth a couple of times, but dave's been one of the constants. smoothing out all the rough edges during 1,000 legislative fights, providing indispensable strategic advice to me and to the rest of our conference, and just generally keeping everybody on both sides informed of everything that's going on out here. it's not easy. it's not easy telling senators they won't get an amendment they have been fighting for or that they have to wait. but dave's always had the perfect temperament for that job. nobody on earth, nobody knows more about senate press -- precedent and procedure than dave schiappa and nobody wears their knowledge

last couple weeks of the market, this week in particular the s&p 500 is down, this will be a continuation of the trend we have been seeing. cheryl telling is the exact same thing. your last pick, a.m. l.p. this is basically energy and commodities. you really are going all commodity and me. >> sam. i think that's where the money can be made of a the next few months as the market sorts itself out. it's an etf that if you think about energy infrastructure, processing, storage, transportation tomorrow and energy, are some others in the complex. typically about 5% the tax treatment of some of those dividends as well. i want to give our best take on the one because the commodity side of it. i'm curious if you like us to settle. >> i can say anything too negative about it. none of think it's wrong to be quite as sensitive. some of these are just some of the pipelines. in a courteous as much juice as you would. a plan to win. that's why i came. cheryl: you can to win, but if you lose, you are delivering tamales from where in phoenix? >> the number one rated tamales are now. local business, we like supporting local business here. there t

s in english you may not see the same thing. we are seeing a lot of women going into the tech firms the cheryl sanders and virginia ramadi and microsofteption. >> right, but they are influencing this innovation. >> who has the mic over here. >> you said title 9 you felt was necessary beyond the social exchange -- changes if it wasn't for that we would still be in the stone ages. i was just wondering how you would explain a relatively new support such as mixed martial arts and cage fighting it has barely been around for 20-years already there's females and a number of organizations without any law that requires them to do that. how did that come about without a basic societal change? >> title 9 waudz passed in 1972. over 40 years now that title 9 has impacted social beliefs. so now -- >> so the law changed people's mad tudz? >> it opened the door for women to have opportunities. >> would you say it is still necessary? or would you say the change has been accomplished? >> yeah, get rid of it. >> absolutely not. because even so the national women's law center estimates at least 70 percent of colleges and universities are still not in com

model s sedan sifed highest test crash ratings getting five star ratings in every crash and safety category set by the national transportation safety board. from bloomberg studios in san francisco, cheryln, back to you. >> okay, thank you very much. a drive to end unpaid internships has reached the white house, calling on the president to pay interns hoping it will inspire other employers organizer it means days of skyrocketing college costs. the campaign set up a petition with 8,000 signatures many businesses relie on unpaid interns giving experience as they move through school. that is how many of us got our start. >> they didn't pay >cx interns. >> minimum wage for me. >> we have had wild weather. >> we have. it's unusual and dry but we get those thunderstorms. last time i remembered this was april 2012. >> okay. >> yes. this is it anyhow there is a possibility of thunderstorms here. live doppler 7 hd we'll talk about how likely sit we're going see more lightning around here, as you look just seeing fog off the coast we're seeing thunderstorms developing in the sierra nevada south of tahoe and also seeing strikes well off the coastline here. 200 miles away. take a look at the photo

cheryl and dennis. right now we're seeing the dow down about 50 points, a hoss of one-third of 1% while the nasdaq and the sose to the unchanged line. coming off the heels of last week where we had all-time highs for the dow and s&p and 13-year highs for the nasdaq. today we have been to the downside, we pared those losses to a certain extent when we got our latest ism numbers, and that came in better than expected. so we did see some improvement in the market but still to the downside overall led by energy stocks which are lower, drugs, banks for the most part do have down arrows. it was interesting, i was also reading not only about the economy and what we got there, but also federal reserve official, dallas president richard fisher, who's not a voting member but once again shows his concern pertaining to what we've seen in the fed and the easing monetary policy and quantitative easing, infinity is that what we're up to, so obviously expressing concern there but, again, he's not a voting member, and earnings season, so we have a lot of names up and down. back to you. dennis: thanks very much, nicole. the

cheryl: a lot of data today, the market didn't like. we are pushing session lows on the dow, nasdaq and the s&p and the dow is up 17% for the year.for the year and the nasdaq up 21% for the year. you got pull back and sometimes this happens, and that is the market on the piece of this loss. and they are as american as apple pie. only 368 are left, and projector's of digital technologies, many are going out of business. american honda taking up the cause, senior vice president of operations. be honest question is why would honda take something that although drive in movies are nostalgia don't seem to be successful anymore? why take on this cause? >> we believe in helping our customers in any way we can and we understand we saw lot of cars to consumers in rural areas and thrive ins are part of their lives so when we heard about this, and that culture. cheryl: i can get my friend's 2-year-old off of the ipad these days. it is billing hand held and a mobile. a great piece of american history but are people going to drive ins anymore? >> in rural areas the only choice for them to make a long-distance commutes into an urban area to wat

s&p 500 lost nearly 2.3 opening bell is at 630. >>anny: facebook steve operating officer has sold $91 million worth of shares and the social networking company. cherylmberg sale was part of a predetermined trading plan that was set up last year. it came a week after facebook stock passed its $38 ipo price for the first time since going public in may 2012. >>james: americans are making more of an effort to pay their credit card bills on time. the credit reporting agency trans union says late payment rates are at their lowest level in nearly 20 years. it says the rate of credit card payments say that at least 90 days overdue fell in the second quarter to 0.57%. >>anny: comcast is expanded the number of low income families that can automatically qualify for its 9 $95 per month internet access. it's also boosting download speeds on the service to 5 mb per cent at from 3 to attract more subscribers. the price is a big discount from typical plan, which cost about $50 a month. the speed is good enough to watch on-line video. families qualify if they have children in school who did subsidize or free lunches. --$9.95 per month. Ñáçwçñ >>james: with school se

cheryl: phil flynn, live in the pits of the cme. thank you. time for your "west coast minute." california is embracing electric vehicles, especially tesla. the model sof 2013. california new car dealers association reported 4714 were bought in california even beating the ever popular audie. costing 60-$100,000. take a look at the stock. $167 for this stock. when it comes to owning a small business, phoenix, arizona, was the tenth top city to open a small business in. several texas cities were ahead of phoenix due to the fact no state income tax. san jose, california, made the list with a ranking of number six. nevada ranks last when it comes to another criteria welfare spending according to the census bureau. good news the state budget. $855 per capita on welfare which is half of the $1550 national average. that is your "west coast minute." five days later, we still have no answers. we will go inside the blame game over the flash freeze that happened over at the nasdaq. we will be right back. in >> 5 days and there. paralyzed nasdaq listed thoughts for a 3 it did three hours no one has the answer, is this a case of finger-pointing or confusion, get

cheryl: time now for lauren simonetti. >> jpmorgan has had a neutral rating on the stock. up 3% right now. jpmorgan also increasing its price target. that is the number one performer on the s buy. most of those are consumer numbers. those are your big winners. >> that is a great plane. thank you so much. dennis: pushing seattle to raise the minimum wage to $15 an hour. it would still be a huge increase. protests are growing. the argument against huge executive pay grows higher as well. how much more with their employees be able to take home and pay. next to nothing. joining us now we have the man behind that study. stardust off and tell us what your study found. >> we looked at walmart. we looked at starbucks. basically what we found is even if you give them 100%, the hourly pay would typically increase by less than a percent. if you started including franchisees and there, the rate would be even lower. >> is a pretty hard one to support. what are your thoughts on this? we are talking about less than one penny for the workers. >> it is a pebble in the ocean of pay. how do you get worker pay up? i do not think anyone thinks they can raise a family on a job at make donald. i

get the samsung galaxy s 4 for only $148 on verizon - america's largest 4g lte network. walmart. cherylriefs for charity, to prove that with soft fabric and waistband, the best protection looks, fits, and feels just like underwear. get a free sample and try for yourself. >>> coming up, the latest on egypt where the military has cleared the muslim brotherhood supporters from protest camps in cairo. we're going to get the latest on the u.s.' role in the escalating situation. also, newt gingrich takes aim at his own party with some tough words for republicans who have been speaking out against obama care. we'll show you what he said. we'll talk to new york city candidate for mayor christine quinn and ask her if the race has finally moved on to -- >> i'm going to ask her about anthony weiner. i don'without goingcisions to angie's list first. with angie's list, i know who to call, and i know the results will be fantastic! find out why more than two million members count on angie's list. angie's list -- reviews you can trust. >>> good morning, it's 8:00 a.m. on the east coast, 5:00 a.m. open

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cheryl: extra pound of debt, which would you least like to have? obviously they have extra pounds on them. anyway, mr. poling on priorities. a quarter million tweeters musicare tweeting.eamed. and 900 miion dollars ss online. that's why the internet needs a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's time to build a better enterprise. togeth. adam: hard to believe it is august 1st. lori: stocks of to a great start, manufacturing, comfort and jobs gained but maybe not so fast. potential warning signs as the dow and s&p go to new time highs. lou: we will talk with one of the nation's largest companies, how the economy and ups are getting along. we are going to ask the chairman and ceo, scott davis and a fox exclusive, what does the economic outlook looks like for the u.s. and the globe? cheryl: maneuvering led the administration get ready for difficult rollout. dennis: if you thought you knew anything about this is the capital think again, charlie gasparino with new details. sac's indictment from the man who called it too two years ago. mark ross