did you have a citibank ready? >> no.ans have and she does everything with checks, cash or money orders. to find out more, i let the phone. >> someone innerror. mary's bank had said the actual garnishment of take the fund from her account had been done by john, a special civil court officer who worked in middlesex county. i have been ordered to appear in front of the judge saying there were, there was a debt of of $851.19. i can tell you, it goes back to 2011 or earlier. >> the order came through middle lap fundle llc which is a san diego-based company that boobies up old defendant consumers sometime force penny on the dollar then gets lawyers to file action in state court collecting the debt. we wanted to find out more so we asked for some recommendations from the office. >> and in most cases, it is, it is old credit card or medical that was not covered by insurance a. the court officer's acyst ant told us the judge had been filed by presler ways law firm in par season ny on behalf of the midland funding so that was the

mary didn't remember having a citibanking card which was listed as the source of the debt. >> you areank money if. >> the tin, they purchased debt, they pay pennies on the dorr dolle lar for them, then, they sue people. they get very little documentation with the accounts they purchased. they file suits in huge volumes. >> so i went to middlesex county to get the full court docket on the case. in ed cry, it lists just the amount that was current as of december 20th, 2009 when the account went into default but nowhere it did in kate credit card statements. thand debt and show you to start the case. this is from the court. this race the court. this was filed as part of the case at midland funding made in 2011. you can see this december 20, 200. you don't have a credit card statement. you don't have the time, place, want the actual charges first start. according to john, of mesa, arizona, lawyer who rep sense a lot of people playing companies which is not uncommon in the industry. >> well, you know, i will not say they don't have legitimate accounts, but i can tell you, the is as that i

. >>> still ahead at 11, citibank installed a new neighborhood, but not everybody is happy. >> i live here and now i can't even cross the street here. >> is an added convenience for cyclists putting other in danger? cbs2 demanding answers. >>> also, getting bruises on your body on purpose? was behind the cupping craze that is getting a lot of attention at the olympics. >>> and,er choice but to spend their for twenty years, chools earn over 750 million dollars to t what they need! families in communities across america have collected box tops to benefit their local schools in a variety of ways! don't be absent from helping your local school! buy any eligible box tops for education item and earn 8 bonus boxtops! plus, enter to win 5000 ebox tops at your local bjs wholesale club! over 200 schools will win! shop today at bjs! fios is not cable. we're wired differently, which means we can fix things fferently. thanks for calling fios. this is ryan. you can't tell me this cord isn't in. i know it's in. it's in, but it's not working. i'm sending you a link to the my fios app that going to le

el incidente ocurriÓ en una su sal del citibank.entrÓ al banco y le entregÓ una nota al cajero. el sospechoso es descrito como hispano de unos 30 a 40 aÑos de edad si tiene informaciÓn debe llamar al 21541184000. la policÍa de filadelfia se encuentra tras la pista de un conductor que abriÓ fuego contra otra persona. sandra: la investigaciÓn iniciÓ desde el lunes por la noche cuando la policÍa recibiÓ la llamada de emergencia. la vÍctima, un hombre hispano de 19 aÑos de edad reciÉn salida del centro comercial minutos antes de ser enfrentado por su agresor a mano armada. >> yo no creo que Él deberÍa estar manejando... deberÍa estar en taxi u otra cosa. >> pero no es el Único incidente relacionado a la agresividad ambulante que ha afectado la comunidad, recientemente, en junio un hombre parÓ a otro conductor sobre la interestatal 25. Éste incidente ha amenazado a la comunidad. >> yo creo que deberÍan dar mÁs tiempo, porque ahora en el mundo estÁn pasando muchas cosas y eso serÍa lo menos. illia: las autoridades del condado glauster se

according to a brand new indictment we got our hands on elizabeth perkins stole money from a floral citibank about a month after a bank in plant city. she says she did not commit either crime she left fingerprints behind at both banks. >>> new reaction tonight from two film of women riding the world's tallest slide with a young boy who actually died on that slide. right now investigators still trying to figure out what happened. when 10-year-old caleb schwab slipped out of his restraints e. he was riding down the slide at the kansas city water park. two sisters were in the raft with him. and are committed to preventing future tragedies from happening, again. investigators still trying to determine if the raft weight was more than the 500-pound limit. >>> new at 5:30 a florida teenager rescues a woman and three dogs from this burning home. nicholas swan says he saw smoke and called 911. the dispatcher told him there was a woman inside and she just called for help. he r certain amount of time considering how much smoke was coming out other back of the house. he was in a panic. she was actually

what turned out to be over the years the international banking positions an in the world bank d the citibank. returning to liberia in 1985 she ran for senate seat and after speaking out against the military regime, she landed in jail and then fled the country. back once more a decade later she ran successfully for president against the warlord charles taylor with a transition to democracy and the general election of 2005 she ran a second time for president and one in the runoff. taking charge of the nation shattered by years of civil strife and grappling with burdens of widespread poverty. the same year that she shared the nobel peace prize with two other courageous women recognized for their nonviolent struggle. her story is told in choosing a hero who's also a featured guest this afternoon and i'm happy to say is here at the moment. as the head of international communications and government relations firm they represent liberian interests and serve as a long-time adviser. the career as a strategist on international issues began three decades ago after she talked her way into a job in a pol

to be over the years a series of international banking for development positions with world bank, citibank, hsbc and united nations, returning to liberia she ran for a senate seat but after speaking out against the military regime she landed in jail, back once more a decade later she ran unsuccessfully under warlord charles taylor and again went into exile with transition to democracy in the general election in 2005, she ran a second time for president and won in a runoff. taking charge of a nation shattered by years of civil strife, grappling with burdens of widespread poverty. she was reelected in 2011, the same year she shared the nobel peace prize with two other courageous women are recognized for their, quote, nonviolent struggle, the safety of women and women's rights to full participation and peacebuilding. her story is told in a new book, choosing -- "choosing the hero: my improbably journey and the rise of africa's first woman president" who was a featured guest this afternoon, k. riva levinson is actually here at the moment. as head of the national communications and government r

more than any graph you can look at this letter, which is a letter between the head of citibank, thennational city, and the head of bank of america where they talked about how, it was, quote, impossible to find any use of money. they did not know where to invest their capital. the smartest bankers in the country were unable to find a place to invest their capital productively. the new deal was not just a story of harold ickes and statist spending. the new deal was also a moment where there was a reinvention of how capital could be stimulated to move through the economy. to restart the economy. how do you get the private capital, now making the film guys nervous, how do you make private capital over here on to the garden to foster recovery? this is an image from the 1930s. i want you to notice how nervous uncle sam looks. how uncle sam is standing on the hose but only uncle sam has the nozzle. and this is, basic question of the 1930s. how do you get private capital back in circulation, so that there is a widespread recovery? the way they did it then, we can get wonkish in the q&a if yo

turned out to be over years a series of international development positions with the world bank, citibank, hsbc and the united nations. returning to liberia in 1985 she ran for senate seat but after speaking out against those military regime she landed in jail and again fled the country. back once more a decade later she ran unsuccessfully for president against the warlord charles taylor and then again when to exile with the transition to democracy in the general elections of 2005 and she ran the second time for president and one in a runoff. taking charge of a nation shattered by years of civil strife and grappling with burdens of widespread poverty. she was reelected in 2011, the same year that she shared the nobel peace prize with two other courageous women, all recognized for their quote nonviolent struggle, the safety of women for women's rights for full participation in peacebuilding work. her story is told in a new book, "choosing the hero" by k. riva levinson who is also a featured guest here this afternoon and i'm happy to say is actually here at the moment. as head of cairo inte

floating looking at rate in bonds, citibank came out with a seven-year floater. ,here are corporate floaters flt, so you're not giving up much to avoid interest rate risk. that trade-off makes sense to me. does this advantage people looking for diversification and portfolios. i'm looking at the degree to which equities and treasuries seem to be moving in lockstep. there seems to be no diversification. friday was one of the worst days in a long time for the multi-strategy indices that was a strong very. does the strategy you represent offer alternatives? >> it will behave more uncorrelated. moving into libor and taking advantage of this rise, which is technical and wonky, but will be mainstream and hit people if they see their mortgages go up, so it's a great way to get yield and diversify away from fixed income. matt: we are looking for a gain of 180,000. we got a blowout number last month. if we get a blowout number this month, does the fed go in september? i think there is a decent chance to go even if we get a decent number. report is typically disappointing, so if we, in line, that will

i did a big study with citibank employees. and we looked at... so say for example if you compare latino employees in mexico, brazil, argentina, versus asian employees, taiwan, singapore, hong kong, et cetera, versus americans, and you look at in which condition are they most likely to perform well, americans perform best when they feel their manager is giving them choice, is empowering them to make decisions, giving them autonomy. that's very important to americans. latinos, i mean, it's not a bad thing, they're not getting mad or upset if their manager says, you know, "you can decide when you take your vacation, when you do your breaks, how you get your job done." what matters to them most is if they feel their manager cares about them. is this manager somebody they can trust, that they have good rapport with? that is more important than whether they get choice or no choice. and similarly, with asians, what you see is that for them it's not whether they get choice. if anything, they want direction. they want to feel that thei

already we have a number of analyst notes out of citibank, capital economics, both seeing they will see zealand's cash rate over 1.5% in the next few months. is an inflation targeting bank. they are looking to get inflation between 1% and 3%. cpi is .4%, so a long way out. he feels he has no need to adjust that target. rishaad: thank you a lot for that. paul allen in sydney looking at the rbnz decision. some other stories, you are covering full-year results. australia'sk at biggest telecom company, 36 percent rise in profits, 4.46 billion dollars. that was helped by sales of shares a few months ago. it plans a $1.2 billion share buyback and to invest $2.2 billion on networks over the next three years. for 2017, targeting mid to high single digit income growth. let's take a look at how shares are doing now. down almost 1%. meanwhile, singapore, it's dominant telecom company said net profit was $704 million compared with $703 million a year ago. the company said growth was driven by mobile data and cyber security services. singtel affirms the outlook and said sales of services to corporat

companies who operate in argentina, many for years, like ford and citibank.of them are reinvesting. coca-cola has a billion-dollar investment. dow has $2.5 billion reinvestment. you see what is happening right now. everything is not perfect. there are challenges ahead. but the government is trying to grade a more business friendly environment. vonnie: currency controls have been taken away. that was really hampering argentina's progress. nevertheless, the economy is pretty dire straits. what would it take for businesses to actually move in in a bigger way for argentina? group ofecently took a california to see what is happening on technology, renewable energy only 1% of the energy in argentina comes from solar and wind, huge opportunity. you have conventional and unconventional energy. exxon is one of the big companies that has announced investments in the country hit number one is human talent. it is a great place for people to consider and that is what the government is trying to do, change the macroeconomic so businesses feel comfortable investing even if

an economist for citibank says this november's election could be as bad as a black swan event. black swan events are wall street speak for an unexpected event like 9/11 or the housing crisis. economists doesn't say which candidate would be bad for wall street. i'll leave that up to your own judgment. >> the first major company to drop ryan lochte. they are donating to save the children for the children in brazil. and ralph lauren says they are not renewing their contract with the swimmer either. lochte is taking responsibility for what he called immature and childish behavior while celebrating in rio. he said he and three other swimmers were held up at gunpoint in rio. >> what i'm trying to get at is the first version you told, ryan, is much more about the mean streets of rio. >> yeah. >> and the version we're hearing now is much more about a negotiated settlement to cover up some dumb behavior. >> and that's why i'm taking full responsibility for it. because i overexaggerated that story. and if i had never done that, we wouldn't be in this mess. >> the international olympic co

an economist for citibank said november's election could be as bad as a black swan event. that's wall street speak for unexpected events like 9/11 or the housing crisis. citi is careful to not say who would be the black swan. those events are not expected. you know it's coming. you're watching it happen. >> right. it's coming. >>> here is something to note if you drive a hundai or mitsubishi. >>> hundai and mitsubishi are recalling thousands of cars that increase the risk of crashes. hundai is recalling more than 6400 2013 elanta a could shift out of park. in the meantime, mitsubishi is recalling more than 82,000 vehicles that includes 2015 to 2016 outlander and outlander models. those cars have a problem that can delay acceleration in certain driving conditions. >>> all right. right now rob is going to join us live this morning showing us new technology. brand new to television markets anywhere to help keep the bay area safe. >> it's amazing to see! rob, you're by storm ranger. it's huge! >> it is. here you go. what a doppler on wheels looks like. that's our expand radar

david: as you pointed out with the citibank thing, obviously a lot of the clinton foundation donors had deals pending with certain political institutions that she had some influence over as secretary of state. so i mean, there is a whole lot to be -- melissa: when she said she has a good foundation on the foundation, no play on words, no, you're just scrambling around thinking of something to say. really painful. david: take it further. melissa: go ahead scroll up. there you go. new tone of the campaign. hillary clinton and donald trump releasing new ads accusing each other of engaging in racist remarks. >> they are often the kinds of kids that are called super predators, no conscience, no empathy. we can talk about why think ended up that way but first we have to bring them to heal. >> you called out president clinton for defending secretary's clinton super predator in the '90s when she supported crime bill. >> it was a racist term and everybody knew it was a racist term. >> what do you have to learn? you're living in potpoverty. your schools are no good. you have no jobs. look at my a

>> i am not sure how citibank measures worth, probably not the hsbc.way as ubs the data over the lastonths have come in stronger than people expected. the problem is not so much what happens with retail sales, it is what happens with capital spending in the company intentions over the next year or so. what is encouraging is the pmi's in the u.k. that suggests that something is happening in the u.k. manus: certainly, not if you go to heathrow, which will have to do in a couple of weeks. and stephenohn king. we are productivity personified on "countdown." says there. kuroda is a sufficient chance there is more bank of japan easing to come next month. this is bloomberg. ♪ caroline: welcome back to "on the move." we are 22 minutes into the trading day and it is all about central bank trading policy. federal reserve officials indicated they are considering a rate hike this year. the bank of japan governor has suggested the other side is open to increasing easing as early as next month. kuroda says there is "sufficient chance" the boj will add to its unprecedented easing. let's bring in our

doesn't matter if you're citibank or small mortgage company or mom-and-pop shop, or major corporationton has her own economic plan, i'll sure you gone over that with the same detail of trump's plan. what does hillary -- obviously you favor trump's plan. what is it hillary doesn't get? i look at hillary's plan, all the government programs, hers is trickle down except from the government. >> anytime in my mind you have a government program that says it is free, always need to realize it is not free. somebody has to pay for it. when i hear elizabeth warren say things you didn't build that company or going on roads that somebody else paid for, quite frankly the companies and wealthier people are paying well more than their fair share. playing 90% plus in taxes. it is not trickle down when you're giving it away. david: public seems to buy that. either that, i don't know why president obama got reelected if the public doesn't buy the fact that he said, for example, with health care, it is all going to be free. it will be free. in fact we've seen prices go up but public continues to believe

schulz citibank to talk about deutsche bank. i am sorry, but the problem has not gone away.does chancellor merkel do about her financial system? christian: she is certainly not saying anything. i think the message from germany, not just from the government but from the bundesbank of is that there are problems, mainly with italy, the ins, thenion, the bail relatively tough regulations. they are generally working. the problem is that german policy makers are saying that the ecb is keeping interest rates low, undermining the bank's ability. as a result, we get this standstill. tom: i am sorry. where mr. screams good luck critics are under 10 years a euro. francine: and talking about deutsche bank, it will be interesting to see whether germany softens on bail ins. tom: we will move forward to the 5:00 hour onto the 6:00. how about next, go west, young economist. michael mckee will migrate to jackson hole. really interesting to see what chair yellen says. ♪ [ clock ticking ] time. you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't

more than -- you can look at this letter which is a letter between the head of citibank, then national city and the head of bank of america where they talked about how it was "impossi ble to find any use of money." they did not know where to invest their capital. the smartest bankers in the country were unable to find a place to invest their the new deal was not just the hickey. harold it was also a moment of a couldntion of how capital be stimulated to move through the economy, to restart the economy. private u get the capital and not making the film guys nervous -- how do you get that's over apital here onto the gardens to foster recovery. image from the 1930s. i want you to notice how nervous uncle sam looked. i want you to notice how uncle hose,ooked standing on the but only uncle sam has the novel. and this is just a basic question of the 1930s. do you get private capital that n circulation so there is a widespread recovery? and we they did it then, can get them in on the q&a if thisant but basically, how private capital at bank of america, city bank and other filter e companies t

move to 95ar-yen to within the next month, a note out from citibank.this level before the next boj meeting, which j.p. morgan says, expect intervention. the move from here to there is because of decreased likelihood that japan can come up with a good reason to intervene in the markets. i mention the move down and commodities. the biggest move at the moment is the move for silver, down about 2%. it is still the world's best performing a economy. that is a seven-week low. it is at its lowest level since the first week or second week of july. rishaad: right. fo0a vanke opening .5 percent higher. a warning the second half may be more challenging with his ongoing ownership battle. we have been tracking all of this. the company claims business is being disrupted by this management struggle, but tell us about it. >> it does appear and tractable. the most recent development was a board meeting, and management, which is trying to stave off a hostile takeover was not able to get the outright majority it needed to bring in a white knight, the shenzhen metro. is a

citibank came out with a seven-year floater. there are lots of corporate floaters out there.e not giving up much to avoid the interest-rate risk. the differential between one-your libor and 10-year treasuries is a relatively long time low. the trade-off makes sense. does this advantage people looking for diversification in their portfolios? last three days, the degree to which treasuries and equity seem to be ring and lockstep, there seems to be no diversification at all. friday was one of the worst days in a long time for the multi-strategy indices. monday was very strong. does the strategy you are representing offer an alternative? >> i think it will behave a little more uncorrelated. moving into that libor and taking advantage of that rise, which i think is technical and at this time, but people will be seeing their mortgages go up, and this is a good way to diversify your portfolio and get some fixed yield income. matt: looking forward to the jobs report on friday, we got a blowout job last month. if we get another one, does the fed go in september? has decided that yelle

the former citibank chairman years ago saying money goes where it is welcome and stays where it is wellthe world, you say, where should i put my new plant? is the u.s. as welcoming a place to do business as others? the answer for the last eight years has been no, we are not so interested. we have taxi more and give it away to somewhere else. on the one hand, clinton went bernie light. on the flipside, you have donald trump. can you trust his proposal now will be his proposal in january of 2017? how do you make decisions over the next six months based on those criticisms? todd: these two candidates are troublesome. belongs in hang seng and the other belongs in bellevue. hillary clinton as being bernie sanders. sanders.aten bernie now is the chance for her to take up the leftist cloak she was wearing and tell us what you truly believes. -- take off the leftist cloak she was wearing and tell us what she truly believes. bill clinton cut the capital gains tax rate. she wants to move it up. bill clinton signed nafta. she is against such trade agreements. bill clinton signed a welfare bill and

citibank was allowed to change and chop up 71 pages of frank and dodd. they rewrote it.e understand to be able to make a mistake and $300 trillion would be left in the taxpayer hands. trump, whoever is running this country, they need to set up a committee. women, i'm sick of the 30 million women sold on the internet with kids. that has to do with the u.n. out of georgia and serbia. we have several areas in this world where we have got people going in and killing the people. i've been running my mouth about the sudan and what is going on with china supplying the guns. than we have got boko haram. we are not taking care of women and children. wherever roses country news december committee of native americans, black, white, spanish and women. keep the mouth shut about what is going on with the abortions. right now -- with the vatican's. i have awe, the history channel years, notin four been correct about two presidents. loraine, supporting mr. trump. you are on the air. him becausepport with hillary getting into office she already she' -- says she is going to raise taxes li