citigroup will become the exclusive issuer of the cosco card.eems to me that this was a much bigger loss for amex then again for c-- a gain for citi and visa. amex is not accepted everywhere. it not only lost costco, a lost jetblue in the past several weeks. if you look at citigroup's business and visa's business this seems more incremental. bo: we are seeing more early-stage deals in the payments than in any other category. this fight at the top, the guys who provide the rails, is indicative of that. there are all these small companies building on their rails. this is an incredible fight. alix: are you a believer in the early stage -- bo: we are huge believers in this category and payments is the largest in the category. alix: interesting. as we head to the opening bell, let's get a check on where futures have settled. pretty much flat. maybe the dow up a little bit maybe nasdaq up a little bit. top story coming next. ♪ alix: welcome back to "in the loop." let's get back to the most important stories you need to know before the bell. julie hyma

the montgomery county board of appeals rejected plans for a 16 pump gas station at the cosco. neighbors concerned with noise and pollution fought the project for five years. one or number said his decision was easy learning his -- learning there were 25 gas stations nearby. this week, a bipartisan group of senators traduced legislation to end federal restrictions on medical marijuana. as jeff goldberg explains the bill could have a big impact on the area. jeff: as three prominent senators lobby to change marijuana laws, two moms are watching at the edge of their seats. >> it was exciting. jeff: beth and shannon both have children with severe epilepsy and they sate marijuana oil legalized in virginia this year has reduced their seizures dramatically and is now time to take the effort national. >> right now the current law is turning parents into criminals. >> this has given me hope. this is our last chance at help. jeff: these republicans are proposing a bill to end the federal ban on medical marijuana as well as allowing doctors to prescribe marijuana to veterans and allow dis

cosco//tweed from mt. view police says " to our brothers and sisters of severances " beatty plays be safe our thoughts are with you and your community. the marin county sheriff is also twinning that they heard her death of officer red been shot and their eggs should sleep awaiting confirmation. we have accrued in route and will bring you updates to route the broadcast. we're also be a bidding with site kron4.com >> grant: about it for ransom. abductedf for ransom... family members played for the release of a vallejo woman forcibly taken from her boyfriend's home in the middle of the night. fbi agents and now joining local police and the search for denise huskins. that was >> pam: that was on their island her boy friend call police monday afternoon to report the kidnapping the. the police said the boy friend is not a suspect but they are investigating to find out why it took them so long to report the she had been taken. we have jack abortion vallejo near by directing them been searching >> reporter: we're

cosco announced a new partner. citi will become the exclusive issuer of costco visa cards.d to costco members. the warehouse giant will have more information on how customers can transition no the new card in the next few weeks. >>> restaurants come and go and usually quietly, but ming's is going out with a bang. the bang of an auction near's gavel tomorrow. the popular restaurant closed in december after 58 years. now fans can bid on everything from serving items to kitchen cleavers. >> you get the restauranteurs. you get people that have been coming here for years that want a piece of mig's and you get dealers. >> they've got a lot of stuff. tomorrow's auction starts at 10:00 a.m. >> it makes you hungry. >> i've never been there. but it must have been amazing. >> it was delicious. there's talks they may reopen so we'll see. >> you're our inside source. let us know when it happens. >> yeah, we have great weather tonight. after a few isolated storms today, we're beginning to see things clear out. and we'll talk about a major warmup this week and when 70s return. >>> it is t

funding comes from the settlement of the 2007 cosco busan oil spill which closed the beach for a weekarth day is approaching. volunteers can sign up to to be part of the 2015 california state parks restoration and cleanup april 18th. this is video from a past event. more than 2,000 volunteers are needed for 27 park improvement projects statewide. the work includes clearing trails and planning vegetation. for more information on how you can sign up to volunteer, log onto ktvu.com and click on web links. this year earth day falls on wednesday, april 22nd. >>> 7:41. a popular seafood restaurant in san francisco could be closing its doors. mum at 8:00, the -- coming up at 8:00, the latest fight by the owner that could keep his restaurant open for a few more months. >>> the 2016 presidential race is off and running as senator ted cruz is the first to announce his bid for the gop ticket. up next, claudine wong will tell us why governor jerry brown says he, cruz, is unfit to run. >>> we're looking at the south bay commute. and you can see some slow traffic on some of it. southbound 101, thou

they announced a deal with lisa and cosco.al reserve chair janet yellen is answering critics in congress who say the fed is too cozy with the banks it regulates. in a speech in new york she said the fed works hard to avoid what she called regulatory capture. >> we enforce strict ethics rules and promote strong values among our employees. among them, a commitment to public service. it is important anyone serving the fed starts speaking up when they have concerns about pius and that those concerns be addressed. mark: massachusetts senator elizabeth war and has been one of the biggest critics. she says the fed is too deferential to large banks. that is a look at the top stories we are following on this wednesday. more on the fed -- newly released transcripts from its 2009 meetings revealed how much that official struggled to contain the worst financial crisis in seven decades. my guest is a bloomberg intelligence economist and joins me here in the studio. six years ago this month kevin morris was a set of the board -- a member of

. >>> after years of accepting only american express credit cards cosco is making a change.starting next year only visas will be taken at the retailer. the two companies couldn't reach an agreement on fees and charges. >>> new information tonight about the shooting death of a 14-year-old boy. the four words the gunman said just before he opened fire and what the boy's grandfather told us tonight. >>> what is it like living in one of the toughest neighborhoods in the city. i spent a night here in the tenderloin wearing a small camera. we'll show you the video coming up. ♪ with kaiser permanente you'll connect with your doctor any time anywhere. another way care and coverage together makes life easier. ♪ become a member of kaiser permanente. because together, we thrive. ♪ check out my breakfast! i got eggs... sausage... ham... bacon... cheese... and toasted sourdough bread. uh, mine's easier. mmm... (eating sounds) do you know that guy? get a load of jack's loaded breakfast sandwich. what's on it? what's not on it? two freshly cracked eggs, ham, sausage, bacon, and cheese all

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largest warehouse club chain in the united states says the city will become the exclusive ashur of cosco's credit card program. there is a 16 year relationship. in samsung is taking aim another run at trying 2-d thrown -- trying to the throne the iphone. they showed off the new edge models at the global conference in spain. the edge has a screen that extends to the left and right side of the phone. both phones have software that makes them compatible with all card readers. samsung is trying to reverse profit declines in market share losses to apple. and john boehner says it is not easy leading republicans. on friday he suffered a humiliating defeat. congress eventually averted a partial's -- partial shutdown of the agency by approving a one-week bill. boehner was asked if he could still leave the house republicans. >> remember what is causing this. it is the president of the united states overreaching. >> boehner will try again this week to get homeland security funded through the rest of the fiscal year. conservatives are opposed to any spending bill that doesn't block president obama's e

they ended a partnership with cosco that was ranked among amex is most profitable.here will be stricter testing of pills of the country's largest retailer of dietary supplements. gnc and three major retailers were accused of selling herbal supplements that were contaminated fraudulent, or incorrectly labeled. the new procedures would be tougher by those required by federal law. trainee is shannon teddy -- joining me is shannon. shannon: it is not regulated by the fda didn't a vessel the violation they can get caught. there is no regulation, no approval is, nothing they have to go through to get certain. they were assigned products. a very common popular product. they have things like ground of experience -- ground of asparagus in it. some really weird stuff. there have been cases where things the past contain traces of certain drugs. some weird stuff has been found. alix: this is a pretty big victory for eric schneiderman right? he has been trying to rein in the herbal supplement industry a while. shannon: this testing is coming from new york state, not from the fda

cosco reports a 29% jump in second-quarter profits.in reported sales -- net income climbs to 500 -- 135 per share. it is up $463. benjamin netanyahu's popularity is ticking up in israel after his speech to u.s. congress this week. does go percentage points in a poll taken after the address -- two percentage points in a poll after the address. netanyahu will face reelection in less than two weeks. athe government of the state of maharashtra banned possession of beef and its byproducts. it is now in legal to slaughter cows. the prohibition is a big victory for hard-line hindu groups. the u.s. economy has a weight problem. research to be public later this year shows medical expenses linked to obesity have soared. experts say obesity leads to reduced productivity and even higher transportation costs. the federal government estimates 36% of american adults are obese. those are your top headlines. the story behind hillary clinton's e-mail system gets increasingly complex. according to experts, it turns out the e-mail system had the ability t

that means banks are being very aggressive about pursuing relationships like the one with cosco.att: it has got to concern shareholders as well that ken chenault and amex were not able to keep that relationship alive. isn't charlie munger on the board of costco and one of the biggest shareholders in berkshire hathaway of amex? elizabeth: it has been described as a divorce. american express has said they were not able to reach costco as well, they were not able to reach economic terms. some investors had said that that is a sign that american express walked away from a deal that was not a good one for them. others are raising questions, is this a bigger problem about their ability to retain other partnerships? that is something, they're called brand strategy and the way in which they are going to approach partnerships moving forward, it is something investors want to hear about. olivia: ken chenault the ceo and chairman has been in place for a long time. since the credential crisis -- since the financial crisis. is his job safe? elizabeth: i have not heard anything as extreme as t

are here cynthia allen of dhl global forging brenda barnes, celeste linda feldman lisa alexander of cosco adam salerno, u.s. chamber of commerce and madeleine expect international. mike white, international air transport association and michael young orient overseas container lid. they are going to be joined eight reappointed members david berry of swift transportation scott feuer of kraft foods susanna hager of abbott laboratories, vincent that you know group, elizabeth merrick, airlines for america, and julia raytheon. what a strong and diverse team internationally type of business. everything that you want when you're thinking traditionally complex issues and the amount of time and effort that they spend and the fact that if such great support from their organizations and other companies is really unbelievably incredibly helpful to us. and i look forward to continuing to work with them. interagency collaboration is important as many of you know, too. we work closely with treasury and tim could not be a better partner with us in these areas. we work closely with something called at the

it was just last month that cosco said they were ending their 16 year partnership. >> all right.hank you very much indeed. president obama going after your guns again. he wants a bullet band. judge napolitano on that. first, western australia. what you see the young man who jumped out his name is christopher jones. he has a seizure. he goes on conscious. he did is come full day. spinning out of control. the instructor struggles over to him. grabs a hold of him. tries to pull the cord to get the shoot open. i think he just got him. here he comes. he will get him. the instructor has to guide himself. he will grab him. there he goes. he pulls the cord. out comes the shoe. the guy plans safely. mr. jones. he almost got himself killed. he is prone to seizures. has not had one for four years. the doctors said he was okay to make the jump. back in a minute. ♪ so what about that stock? sure thing, right? actually, knowing the kind of risk that you're comfortable with i'd steer clear. really? really. straight talk. now based on your strategy i do have some other thoughts... multiplied by