sellers hope to achieve? in this protest? >> really hope that etsytens to their concerns that may the company will go back on their transaction fee increase, that they will address other problems on the prop -- problems on the platform that sellers complain about which includes resellers on the site, which some people say are masking -- products that often also steal from other artists designs. they feel etsy is not doing enough about that. they also want the option to opt out of these off-site advertisements, listings created by etsy but posted on the internet for customers searching for certain things, but the artist has no power to control that, no option to opt out. that could take a good chunk out of their final sale. they are hoping word gets out about etsy's practices they view as unfair and that etsy listens to them and make changes on the road. kristen: these sellers are not employees. they are just using the platform. they do not have a union. do labor laws even offer them protection of some sort? or even enable such protest? >> they do not

new inflation data expected this morning and why etsy sellers going on strike. diane king hall report from the cbs broadcast center. >>> stocks slid to start the week on wall street. the dow dropped 413 points. the nasdaq fell 299 and the s&p500 fell 75. >>> all eyes will be on the monthly inflation report out late their morning. economists are predicting the consumer price index will show prices jumped about 1% in march from february and surged 8% over the past year. rising energy costs, food and housing are some of the driving factors. >>> thousands of etsy sellers going on strike this week. a group that uses the website to sell home made goods upset the company increing ite 5%. sa they have become a hostile place to operate. the company ceo said the increase will fund improvements in seller tools, marketing and other changes. >>> krispy kreme is tapping in to its strategic doughnut reserve. for the next four wednesdays whatever the average is for a gallon of gas that's how much a dozen glazed doughnuts will cost. today it's $4.11. that's your cbs money watch

. >>> up next etsy sellers set to strike. why they are send a message. that's ahead. >>> and a traffic stop (music throughout) xfinity mobile runs on america's most reliable 5g network, but for 30% less than t-mobile, so you have more money for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. switch to xfinity mobile for 30% less than t-mobile. new and existing customers get amazing value with our everyday pricing. switch today. >>> time for the money watch report. a quick look at the stock market and etsy sellers making their voices heard. diane king hall joining us live. >> good morning. trading has been underway for a little more than ten minutes and incestors in a buying mood this morning on wall street. this green is matching what you will see on the board in just a minute. let's look at the dow. it is better by -- you got it rallying 278 points. the nasdaq gaining ground in the tech sector. gains 161 points. s&p500 better by 40 points

she says her fellow etsy sellers are trying to get etc.e table and figure out a better plan for fees as he says the fee hike from 5 to 6.5% will be invested into more marketing, growing its customer support team and doing more to remove listings that don't meet its policies. as he sent us a statement saying their cellars success is their top priority to the north bay, where the great and resort and casino is proposing a major expansion that would make it an even bigger player in the hospitality industry. there. the great and rancheria tribe wants to add a 35 100 seat theater, rooftop restaurant, new parking garage and a five story hotel tower more than 2000. people currently work at the resort, and that's expected to increase if this proposal is approved. the county itself doesn't have much of a role in the expansion because the casino sits on tribal land and is overseen by federal regulators. apple invited people from around the world to enter its latest photo challenge and a woman from right here in the bay area. is one of the winners. t

starting today, thousands of etsy sellers are planning to go on strike, protesting the company's decisionraise commission fees from 5% to 6.5%. this mirrors the fee hauck yea -- hike years ago they're hoping to get etsy's attention, that they're fed up protesters are also dealing with the -- etsy said, the new fee structure will enable us to increase our investments in areas outlined in the petition, including marketing, customer support, and removing listings that don't meet our polpolicies it is not analogous to starbucks unionization, but you have human capital at work. you're seeing a revolt on that front. it is interesting, it is part of the same basket. >> etsy is subject to the pressures of all public companies. they have to keep growing. at their core, you know, what sellers and merchants, many of them like about the platform, is it allows them to put their ma and pa shops up. how do you scale i think, jon, that's the tough thing. trying to make this transition from an online marketplace to a bigger player. the merchants said if they wanted that, they'd go to amazon how do they st

more than 15,000 etsy sellers signed a petition protesting and temporarily removed their products from for improvements to the website. breaking news out of new york city. at least five people shot at a subway station in brooklyn, the latest on the manhunt underway for the person who opened fire. inflation hits a 40 year high in the united states. president biden's announcement today on how he plans to cut gas prices and why some groups are against it. and the pentagon now investigating reports that russia may have used chemical weapons against ukraine, the target civilians in one of ukraine's largest cities. from ktvu. fox two news. this is mornings onto all right. good morning, everyone. welcome back to mornings onto it is tuesday, april 12th and mike mibach. good morning. i'm gasia mikaelian w, fooled by the sun behind us on the oakland is very it is cold out there. see, paul says here to run down the current temperatures. mike and i were discussing the giants game. it was a candlestick last night, right kind of night. it was a cold, windy one, and it's still breezy and cold for som

more than 15,000 etsy sellers have signed a petition in protest and temporarily removed their productsor the next week, etc. says the increased fees are necessary to pay for improvements. to the site. singer britney spears announced that she is having another baby. she made this announcement on instagram. her fiance also shared the news on instagram, saying fatherhood is something he has always looked forward to. britney spears has two teenage sons with her ex husband. alright we could give her some advice, but we'll let her family learned that on her own exciting news. thank you so much for joining us here at noon. remember it is cold and ne ktvu app and of course ktvu dren rich sauce.d of course ktvu dren >> the secret to the perfect bowl of ramen and slurping as encouraged -- is encouraged. >> and how to make your ramen to use a stir-fry. >> chef has the perfect red wine risotto. >> delicious. that is next. >> let's dish. >> the kitchen has always been at the center of my world because life is more delicious when it is full of food and fun. >> everybody knows me as a culinary expert

thousands of etsy sellers are kicking off one week strike today over increasing commissions.rges sellers on each transaction have gone up from 5% to 6.5. more than 15,000, etc. sellers have now signed a petition in protest and have temporarily removed their products from the web site for the next week and etc. executive told the wall street journal that the higher fees are necessary to help pay for improvements in the sights reliability. on wall street markets finished lower today as investors worry that covid-19 lockdowns in china could drag down the global economy. the doubt dropped 413 points today are more than 1. nasdaq finished lower by nearly 300 points are more than 2% the s and p end of the day down. 76 investment firms are also bracing for the release of a key government report on inflation tomorrow. the big story of the day has been the very windy conditions and sure we had a little bit of rain, but there's a next storm queued up, ready to head this way, and we'll track it together. let's go to ktvu claudine wang. now with a look at some of the stories we are worki

etsy shop. it may be shut down this week. we'll explain why sellers say they have to do it.for the woman who was driving this blue porsche cayenne suv back on april 3rd. they say she crashed into a parked car. then after looking at the damage she drove away without leaving her contact information. if you have a new formacion, you are asked to call mill valley police time is now 5 43. we're now hearing from the man who was caught on camera trying to stop a thief from stealing thousands of dollars of merchandise from a target store in colma. i just feel good doing the writing. i think if we to speak up and do a writing life is much better and you sleep better at night. this is cell phone video of the man who only wants to be identified as tiger confronting the thief who was stopping 40 to 50 pairs of jeans into a blue bend. the tiger says he followed that thief into the parking lot where he dropped the jeans and tried to get on a bus. police definitely appreciate you know citizens. um you know, being very good witnesses. we highly to intervene or get physical with any of these

larry: some sellers on etsy are on strike. the news comes as the platform announces fees on each transaction, a total of 17,000 sellers are closing up shop for a week to protest the new company policies. some buyers are standing in solidarity by not purchasing from the site. today on our 3:00 show, we spoke with jaclyn diaz. >> i do feel like it is a big deal. in addition to the other costs they have to deal with. they have to buy their own supplies. the company has additional fees. for them, it is too much. larry: etsy plans to raise seller fees from 5% to 6.5%. in a statement, etsy says the fee increase will be put towards site and pride -- site improvements in marketing. sellers are working to form a union. kristen: less than a week away from the tax deadline. with so many working from home, your taxes could be more complicated. larry: -- looks at the impact working from home can have when filing taxes. >> working from home has become the new normal for many americans. before you try to write off a portion of your utilities,

. >>> and etsy facing a potential strike by sellers and what could be the battle for the stay at home favorite. it is tuesday, april 12t you are watching "worldwide exchange." h welcome back to "worldwide exchange." i'm frank holland in for brian sullivan 5:30 ammonium.m. on the east co. futures are lower to mixed nasdaq between negative and the positive dow opening slightly lower 25 points. we have to continue to watch the trading week starting off in the red. dow falling and s&p falling by 1.2% and 1.7%. we are watching the rising bond yields nasdaq down more than 2% investors gearing up for the march cpi report expected to show the biggest spike since december of 1981 >>> ahead of the report, let's get the check on the bond market 10-year is 2.8%. highest level since december of 2018 the 30-year was ticking higher we want to look at the price of oil. rebounding after falling to the lowest level since february on the china lockdown fears wti is below $100 a barrel up 3%. brent crude just above $100 a barrel up 3%. natural gas higher as well we want to highlight the collapse in chipm

. >>> thousands of sellers on etsy are on strike protesting a 30% hike in fees that etsy charges vendors. the strike organizer says more than 22,000 sellers joined the protest and are not selling their goods. etsy hosts more than 5 million businesses. >>> space tourism getting a new look the florida based space perspective is unveiling the pressurized capsule. it will rise 20 miles above earth attached to a balloon. they're offering a six-hour ride to the edge of space, reclining seats, mood lighting with fresh herbs and cocktails. it sold 600 tickets at $125,000 apiece liftoff set for 2024 >>> on wall street, the dow down 88 s&p down 15. nasdaq down 40 >>> well, the russian president vladimir putin wants to send russians back to the moon, at least that's what putin said during a meeting with the leader of belarus today he says he hopes to restart russia's moon exploration program later this year with the launch of luna 25 moon probe the announcement came on the 61st anniversary of russia sending the first person to space. the war with ukraine could hurt putin's plans. the european space

. >>> from retail to chips to online sellers, shares of bed bath beyond and etsy down.he trade on those ahead in our three stock lunch hybrid work is here. it's there. it's everywhere. but for someone to be able to work from here, there has to be someone here making sure everything is safe. secure. consistent. so log in from here. or here. assured that someone is here ready to fix anything. anytime. anywhere. even here. that's because nobody... and i mean nobody... makes hybrid work, work better. >>> welcome back it's time for today's three stock lunch. let's bring in the founder and managing director at jewel financial. so first up, let's go through bed bath and beyond. these shares falling for a seventh straight day bank of america warning the reality of its struggling turn around plan will hit investors hard after results you say steer clear of this one. you are in agreement i think with about 40% of analysts >> yeah. no question, courtney. the stock got some momentum ryat involved, formerly from chewy's. he's got kind of a cult following, but bottom line, you're goi

announcement many investors have concern over profitability and resistance from unhappy sellers paving a slippery slope etsy shares are down 60% from their all time november high carl, they say they need to compete with amazon. he is not backing away from this fee increase he is saying in the long run sellers will appreciate it >> and just how much is the consumer willing to spend. j.p. morgan has a look at how spending has been able to keep up even though savings have not. once that dries up, what kind of choices do consumers make. >> run me my coins, whether we are talking about apple's app store or meta and the 47% cut. people aren't building these for fun. if you are making money, you are going to end up paying up. figure out your contingency plan to not need that particular eco system too much. you don't want your 5% to go to 6.5. >> it's all relative the fee that meta is looking at, 47%! 6.5% doesn't sound too bad but timing and supply chain problems >>> the bear case for meta and roku tech check is just getting started. >>> down 70% in the last year. a new report reports the challenges julia has more

. ♪♪ >>> welcome back it is time for the executive edge sellers on etsy beginning a strike this week it charges shop owners for transactions the company boosted from 5% to 6.5% they did that yesterday. the first increase since 2018. etsy says this is critical to increase investment and marketing and services 20,000 sellers have signed a petition against the move. shares are down in the last year this has been a pandemic winner and now a bit of a pandemic loser. >> that is a jerk move to 6.5% a significant take when all you do is provide the platform they make the products and ship the products you are not a store where you provide a service and all beyond this is the reason technology stocks do well they have no cap you have zero cap x costs importanfor setting this up. >> i'll take the other side. >> you're kidding? we can see an article. that's weird >> a couple of things. first of all, amazon, i don't know if we like amazon or not like amazon. i believe charges more than this in terms of the fee. there are fees associated with running a web site there are customers that come to it

some sellers on the popular online marketplace. etsy are now on strike.appy about higher fees. reporter spader cheney, christmas pay to cheney has that story. >> you know, when you list your product for one thing and you're getting so much less for it, then you should it just kind of hard to want to list on at the u actually. bill breaux is new to at scene, but already may stop selling her clay hearings on the site. the online marketplace requires sellers to pay a fee per listing in february. as you reported, an all-time high for sales and revenue. but starting today at the rates are hiking from 5% to 6.5% doesn't sound like a lot until you're selling one more. and it's like you're not making as much as you should for a product. as he says, the changes come directly from sellers feedback that sellers are upset about the fee increase because it will benefit them. the company says it will invest that extra money in marketing technology and customer support tools. a spokesperson him, as he says, in part our stellar success is a top priority. we're committed

etsy shop? maybe shut down this week. why sellers say they have to do it and the support they are getting from customers. those stories and more coming up at seven on ktvu. plus claudine. thank you, but first after the break, lingering supply chain issues may be starting to improve the signs that the price of everyday items may soon (music throughout) strn effort to bring down gas prices amid russia's invasion of ukraine. the president announced today that the epa will issue an emergency waiver permitting year round sales of e 15 gasoline, which contains a 15% ethanol blend. it's corn based, and it's about 10 cents cheaper on average. president biden today tide rising fuel costs directly to russian president vladimir putin and the war in ukraine. i'm doing everything within my power by executive orders to bring down the price and address putin prices. in fact, we've already made progress since march and flesh and data was collected. your family budget your ability to fill up your tank. none of us should hinge on whether a dictator de

this is a fuel surcharge i know, becky, we debated a day or two ago the charges for third-party sellers on etsy. it had gone from 5% to 6.5%. amazon addressing the additional costs. >> that's a big difference 5% increase versus 30% increase. if you are going from 5% to 6.5% that is a bigger increase. >> third-party sellers on amazon and walmart and e-bay are typically paying first order commission rates if you will somewhere between 10% and 15%. in terms of the context of all this we're also catching up with a few other leaders today at amazon david is joining us in a little bit. i want to get to breaking news happening right now. that is really one of the other reasons we wanted to be here this morning andy jassy's first shareholder letter is out. he reflects on the pandemic and aws business he spearheaded, by the way, we will talk about that and consumer business which he calls different demand during the pandemic aws revenue back to the 2019 levels at 37% year over year growth on the consumer side, he writes amazon realized equal of three years forecasted growth in 15 months amazon doubled a

etsy, i call them -- lauren: oh! down big earlier now down just $ 0.76 raising their seller fees by 30 per% and now sellers are boycottingday but yeah just down half a percent. stuart: down 44% this year? calendar year? lauren: correct. stuart: that's a sharp loss. how about netflix down a fraction. lauren: so the hbo max boss says ads might be coming to netflix because everybody is trying to get to that 1 billion user mark. you have disney trying to do that, hbo max owned by warner media and netflix so how do you do that? you might have to lessen the price of your service to get more eyeballs and that means -- stuart: pay for it. lauren: the advertisements. the other difference between hbo and netflix is you can binge on netflix which i happen to like. hbo, weekly episodes so you canterbury binge. stuart: thank you, lauren that's a good stuff, have a look at this a cargo plane splits in half after an emergency landing. there was no explosion, no one was hurt, we'll tell you what happened i'm really getting a good look at it. electricity prices in california getting so high that some people would rather buy gas than char

etsy down more than 7% at $107, thousands of sellers on the platform are also looking to unionize.drifting dangerously close to their annual bottom of 109 bucks in fact its gone through there. now let's take a look at meta. it's what'sapp messaging platform rolling out their new communities feature, it allows for up to 32 members to speak to each other all at once, not dog much for the stock, meta essentially flat at 210. now this. homicides in philadelphia are up 9% just this year alone, our very own jeff flock is there and it seems people are just fed up with crime and some cities now wanting to refund the police. what an idea, jeff flock. reporter: yeah, everything old is new again, ashley, in some ways. i'm at the 35th police district here on the north side of philadelphia and the city is now , yes, refunding the police. they're devoting more money in their budget to police as i stand here outside the 35th police district headquarters, if you see a mural there to the folks that have given their lives in service as police officers in philadelphia. it is one of multiple cities no