fargo on craig's behalf. him a letter. this letter. one sentence reads, a review shows the cd is no longer open. the very next sentence, wells fargo cannot find any record regarding the closure of the cd. craig's confused. perhaps grandma norma cashed the 32 grand or let it roll over. either way, craig believes wells fargo should prove it. >> but there's got to be accountability for where the money went. it can't just, oh well. what do you mean, oh well? >> reporter: to wells fargo, the paper that reads certificate of deposit is a receipt, not a cd. the fact that a family member may find an old paper receipt does not mean the certificate of deposit is still open. >> there's got to be something, somewhere, that ties to this number. >> reporter: actually wells fargo says no, it's not required to keep a paper trail for a 19-year-old cd because state law only requires banks to keep records seven years. a spokesman told us that dormant or abandoned cd balances are supposed to be transferred to the state's unclaime

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wells fargo has not seen a rash of these. but they did give us some tips. they also recommend going online or onto your smart phone to monitor your account at least once a week. that is a place where you can put some alerts on your account so any large transaction can get flagged and you can find out about it immediately. >>> new developments after chris brown forces a standoff with police. the charges he's facing after his arrest. >> new video of a tv photographer saving a pregnant woman from a burning car. >> a cop narrowly misses a wrong-way driver. >> and building a memorial for the aurora theater victims. >> and storms starting to move out of the microsoft, still off to the west and south. they're heavy. and the rest of the state, that's about all we've got going! >> the broncos make more roster cuts. a rookie. >>> an unusual scene at 72nd and pecos. our photo journalist showing us one unfortunate motorist having to scoop the water out of that car. what a mess! >>> new developments tonight in a police standoff with entertainer chris brown. brown has be

wells fargo has not seen a rash of these. but they did give us some tips. they said put a password on any cash transactions for your account. they also recommend going online or onto your smart phone to once a week. that is a place where you can put some alerts on your account so any large transaction can get flagged and you can find out about it immediately. >>> new developments after chris brown forces a standoff with police. the charges he's facing after his arrest. >> new video of a tv photographer saving a pregnant >> a cop narrowly misses a wrong-way driver. >> and building a memorial for the aurora theater victims. >> and storms starting to move out of the microsoft, still off to the west and south. they're heavy. and the rest of the state, that's about all we've got going! >> the broncos make more roster cuts. why the team is relying on a rookie. (vo) maybe it was here, without a scratch. maybe it was the day you realized your baby was not a baby anymore. every subaru is built to earn your trust. because we know what you're trusting us with. subaru.

. >> to wells fargo the piece of paper that readsu!ad a certificate of deposit does not mean thatç the certificate of deposit is still open. >> there's got to be something, somewhere. >> wells fargo says nothing,ç it's not required to keep a paper trail because state law requires banks to keep records seven years. a spokesman told us that dormant or abandon cdzv balances are suppose to be transferred to the state. but wells fargo found no record that it shifted. therefore craig can'tym cash th cd. so where did the 32 yand go. he says the mystery of his grandmother's savings is a call for better bank records. >> it'ssthe principle that there's something written out on an official document with my name on it and my grandmother's name on it and they have no record of it.ç >> that was nbc chris reporting. if you have a consumer complaint, the number here to cool. you also can submitç your stor online at nbc bay area.com/respond. fans from flocking to the east bay... for t annual berkeley kite festival. today was the final day for the 2

plus - wells fargo ordered to pay up - after charging illegal after the break. another nice day with highs in the low 80s and dewpoints in the low 60s. right now . when storms return and our risk of severe weather 80s today. right now . tomorrow brings storms. our risk of severe weather next. wells fargo is in hot water after the bank charged illegal late fees to some of its student loan borrowers--and now, it has to pay up. according to federal investigators, wells fargo charged the late fees to customers who made pa their grace period. as part of a penalty, wells fargo must pay 3-point-6-million-dollars to the consumer financial protection agency. the bank must also set aside 410- thousand-dollars to refund customers hit with the illegal fees. and the ryan lochte rio scandal continues... speedo and ralph lauren both saying they will not renew sponsorship contracts with the u-s swimmer. speedo said in a statement it "cannot long stood for." in ralph lauren's case - in a statement, the company said its contract with lochte was for the 20-16 olympics only and wou

i have been with wells fargo for 14 years.in 2004 i was working in the online channel and my job was to work in the origination site. but i felt it was an opportunity in online servicing, online servicing for homeland. i moved into that space and have built out the online banking platform for wells fargo at that time. a point about images prior to the financial crisis wells fargo had invested tens of millions of dollars in an online platform trying to build services for its vast servicing portfolio. that portfolio grew from under 100,000 customers to over 5 million in about six years. we made a tremendous investment all before the financial crisis in building out the type of infrastructure. we do make a commitment and investment in infrastructure at wells fargo now but there's less of an opportunity to make that on the front end, on the customer space so it's not a visual. you see that a lot pensions how we implement regulations or working on bankruptcy statemen statements, though it's been a lot of what of those types of thin

wells fargo paying a big fine for charging illegal late fees to student loan borrowers. federal investigators say wells fargo charged the late fees to customers who made payments penalty --, wells fargo must pay 3-point-6-million-dollars to the consumer financial protection agency and set aside 410-thousand- dollars to refund customers. it has become an integral part of everyday life -- and today marks 25 years of the world wide web. tim burners-lee -- a british scientist -- allowed public access to the web for the first time on august 23rd, 1991. it allowed "non computer experts" simple way -- opening the door to the information age. the web and the internet -- are actually not the same thing... the internet is a network of connected computers... the web refers to pages -- like fox6now dot com -- found on that network of computers. and 50 years ago today -- the earth saw itself for the first time. this picture was taken by a nasa launched the first of five lunar orbiters to photograph the surface of the moon. nearly two weeks later -- this image was sent back. britney s

according to federal investigators, wells fargo charged the late fees to customers who made payments on the last day of theigrace period. as part of a penalty, wells fargo must pay 3-point-6- million-dollars to the consumer financial protection agency. the bank must also set aside 410-thousand-dollars to refund customers hit with the airlines will likely suffer more computer outages like the one that grounded thousands of delta flights earlier this month.the major carriers reportedly haven't spent enough money updating their reservations systems.in some cases... they're still based on 1960's technology. 3 -- talk over live big board -- mi today: nice day. a bit more humid though. highs 80-84. s 5-15 mph.week ahead: scattered storms looking likely for most on wednesday. spotty storm and shower chances thursday and upcoming weekend: mix of sun and clouds for the weekend. better chance of storms by sunday. highs in the 70s and 80s. 3 stay tuned to cbs58 all afternoon...coming up at 2 itthe rachaay ow... then stay with us this afternoon for the cbs 58 news at 4 and 4-30... where we'll se

wells fargo is ordered to pay up.... after the bank charged illegal late fees to some of its student loan borrowers-- according to federal wells fargo charged the late fees to customers who made payments on the last day of their grace period. as part of a penalty, wells fargo must pay 3- point-6-million- dollars to the consumer financial protection agency. the bank must also set aside 410- thousand-dollars to refund customers hit with the illegal fees. with both hillary clinton and donald trump facing low approval ratings. political experts say this presidental election will be down to the swing states. and nevada is one despite this.. donald trump has cancelled three appearances in swing states. included an event here in las vegas. fox 5's cindy lunderberg has that story. i love you thank you donald trump might love his crowds... but this week the republican nominee has canelled events in three swing states.... one of them being nevada. friday trump was scheduled to appear at southpoint hotel and casino. mark peplowski

managing the role of regulation inside of wells fargo. tr.d frank, qm, ar he helped start a platform and wells fargo for an online banking platform. welcome. >> thank you, faith. thank you for taking time out to be here. .t's really an important topic important for consumers. for the many participants in this ecosystem of housing finance. what i will do is focus on mortgage servicing compensation. something that remarkably has not changed in decades as the servicing world itself has undergone profound changes. let me start with why this is an issue. most of my remarks will be in the context of the agency market, the freddie mac market. a lot of it is also generalized for the private market and so forth. simplicity.- for servicing's, compensation has been a minimum servicing fee required by fannie and freddie of 25 basis points. this 25 broad consensus basis point minimum servicing thatesults in compensation far exceeds the actual cost of servicing and performing loans. yet it is less than needed for nonperforming loans. as we are about to

wells fargo must pay $3.6 million to the consumer financial protection agency. they must sed aside 410,000 bucks to pay the customers hit with the illegal fees. >>> two moms' both infant sons donald trump and hillary clinton asking the candidates to make parental leave a priority. they want the next president to create a national paid family leave policy. more than 135,000 people have signed the petitions. >>> a florida teenager is proving you don't need a big complicated idea to make big money. >> he is raking in the money with a simple concept. justin, who is only 17, is making thousands of with his yard card idea. he's only been in business six months. tell him the theme of the message and he handles the rest. >> most of our customers leave money under their doormat or in the mailbox and i get the money and put the sign up and leave. >> reporter: you're kind of like the tooth fairy of signs? >> i guess so. >> he says he's only run into an issue with an hoa once. good idea. >>>>a really cute idea. i like it. we're in for a nice day today. pretty warm. mid- to

and no one at her bank wells fargo caught red flags on the instructions. >> my realtor called me and said the money never arrived. even though i had gotten an email. >> here's the shocking part. when that phone call came her money was still sitting in the scammer's account at bank of america. and help. >> we walked across the street and asked them to freeze that account for us. we were told we were not their customers and they'd have to deal with the fraud department of wells fargo through their department. >> i went to wells fargo, to the realty company, all along the way this scam was missed. even when the scheme was unravelled and presented to bank of america nothing was done. >> but what's concerning here is this customer says she went into the bank after warned your bank that you guys had her money, in a fixed account and she asked for it to be frozen and instead you handed the money to the crook. >> the bank would only say they followed the wiring instructions. meanwhile she says she contacted local police and the fbi and they weren't interested. i called the fishs myself and w

welss fargo says it's already fixed the problems and disagrees with the still pay the fine. sometimes, when people over-do the "sun bathing"... they just look fried. well, now, they can smell fried, too. k-f-c has launched its latest marketing gimmick... sunscreen-- that smells like "fried chicken." the company only had three thousand bottles. they ran out in just a few hours. the lotion is s-p-f 30. it also comes with a warning not to try to eat the sunscreen... let's check in with marty. next- why a mom and at malaysia's national zoo in kuala lumpur today. the baby panda "nuan nuan" was born a year ago on august 18th... mama has a birthday just a few days after that. so the zoo prepared a special "cake", made of ice for them. nuan nuan was the first panda born outside china. today- the world wide web turns 25. august 23rd, 19-91 is the first time the public had access to the web... which eventually developed into the internet we use today. in fact- we used the web just to find this story for you. fun fact- the internet and the world wide web are not interchangeable. the "i

wells fargo has landed itself in hot water this morning..his after the bank charged illegal late fees to some of it's student loan borrowers. and now, they the bank must pay up. according to federal investigators, wells fargo charged the late fees to customers who made payments on the last day of their grace period. as part of a penalty, wells fargo must pay 3-point-6-million-doll ars to the consumer financial protection agency. this morning - a police officer in new jersey is being hailed as a hero, after saving a child from a burning home. officer brian gay was unable to get engulfed in flames. a girl in the yard then directed him to the back of the house. there he saw a girl with her head out the window, yelling she was going to jump. he told her to wait. but with flames at her back, she wasn't waiting. two more children and a woman watching them jumped next. all four were taken to a hospital for observation. and they're all doing fine. where you're from impacts the way you speak.. and even the words you use. and that's especially apparen

that is something very important to the industry and wells fargo as well. we know all of these things. i look at the slide. there are a lot of ways to slice the data. you will see the cost slice by performing loans and nonperforming loans, or different parts of the business. the take away message is that the servicing business is really complex and costly and really complicated. that is true. at many levels it is true that it is very complex. what i fear is when we talk about the complexity of the business we of skier what we can actually do to fix things. i will attempt to bring it up a couple of levels here. maybe boiled the servicing business model down to a very short two or three sentences to help us understand a little bit about where we can go from here as well. generally there are two parts that were alluded to in servicing business. you have the business where you service performing loans,, the customers who pay their bills on time that the vast majority of americans. and you have a nonperforming loans, the customers who need help, need specialized

she was walking around the wells fargo arena with me for an interview. the moment but bernie halted roll call to make hillary the official nominee and that set burners rushing for the accident tears into stein's waiting arms as she capitalized on the moment and their pain. >> we are not going to stop. thank you for your courage in

>> we do some things for wells fargo, but this is a complex operation. there is a lot of different and, you know, lenders, they need to do what they do best, which is go off and do loans for consumers, provide great service, deal with all the complexities there, but from a technology standpoint, you know, that's not what, what lenders or any business wants to do. they want to be able to depend on a technology provider that has incredible insight to the regulatory environment and that can do that work for them as their partner, and ellie mae has been that partner, you know, we have over 1700 lenders with 200,000 users on our platform. we connect them to thousands of credit agencies and appraisers and facilitate millions of transactions across that platform each month, jim. >> if i'm trying to gauge your business, should i be worry thad there's not a lot of housing for sale, do i want to see a housing boom to get leverage from ellie these. >> fundamentally, there's a secular shift going on. and the thing that has been driving our growth over the last five

as wells fargo ceo always reminds us, housing punches above its weight. when housing's strong it leads to all sorts of good things fort economy, lawyers, fees, banks, the desire to spend more money to improve your house to augment what it's worth. which gets us full circle to all the housing-related numbers. when you see selling stats, you know that we could be looking at a lasting move. the $900 plus ticket strength for lowe's, ppg, sherwin-williams, all those other players with merchandise that fill the home and related aisles of some retailers. we worry that when janet yellen speaks she could use it as a point to raise multiple interest rates. trends like loosening credit, they aren't the type of trends to be decimated by a quarter-type rate hike. i think it will turn out to be a buying opportunity. so here's the bottom line. keep the steady news in line. remember that these stocks are logical places to go if indeed a september rate hike is back on the table. let's speak to patrick in missouri. patrick. >> caller: quick shout out, a big st. louis boo-y

we have a lot to tell but including going inside the wells fargo center as crews continue clean out from the dnc week. >>> but first a check of the forecast with justin and on traffic conditions with meisha , and katie is out. >> good morning to you as well, happy hump day to all of us, lots of construction again this morning crews are loving this because weather supports it and the good thing is that the red ways are nice and dry. >> nice, dry, humidity low, great to be outside anytime today for early august you cannot beat it. best day of the week as far as heat and humidity goes and quiet outside right now. we are looking at clear skies, no low cloud or fog to deal with around the city a at this hour and temperatures still comfortable at 67 degrees, at the airport in philadelphia, light pleas north east at the five, humidity low, actual feels like temperature is same as air. sixty-four in a allentown. fifty-nine in mount pocono. seventy in the capitol city of delaware, and 59 degrees, 62 in doylestown. storm scan three nice and dry, well to the south a cross virginia, they a stayed th

as he used a wells fargo atm. this is the camera capture of one of the suspects. officers say the victim was withdrawing money around 5:30 in the morning on august 11th when the men described as in their 20s stole his cash and took off. >>> now to look at the scary video shot by an abc 7 news viewer, showing two cars doing donuts in the middle of the san francisco street. the video was shot early this morning from an apartment overlooking the corner of first and folsom streets. six cars were involved, spinning in the intersection and four others blocking the street. police are investigating. >> parents at the california school for the deaf in fremont are concerned because they are starting the school year with a temporary superintendent. and sergio quintana is live and did the parents call for the removal of the former superintendent? >> reporter: dan, they did. and the state education department agreed to do that, which has created a whole new set of issues that parents are actually discussing right now on campus. about a dozen parents marched through the campus

. >>> today marks a special milestone for the wells fargo center.l give you a live look right now. tell you how the home of the flyers and sixers will be celebrated today. for senate, katie mcginty or pat toomey? mcginty supports clean energy jobs. pat toomey voted to protect tax breaks for oil companies. mcginty is pro-choice. toomey wants to overturn roe v. wade and criminalize abortion. mcginty will consistently stand up to the gun lobby. toomey's against an assault weapons ban and gets an a rating from the nra. this year, pennsylvanians have a clear choice. senate majority pac is responsible for the content of this advertising. >>> today's the ç20-year anniversary of the wells fargo center if you can believe that. give you a live look at the arena in south philadelphia. the doors open back in 1996 with the world cup of hockey. it was the first union, the wachovia center. the wells fargo center is the home to the flyers and the 76ers. >>> new competition could help your ride to work. landon dowdy is here now with this morning's cnbc business new

that is something very important to the industry and wells fargo as well. we know all of these things. i look at the slide. there are a lot of ways to slice the data. you will see the cost slice by performing loans and nonperforming loans, or different parts of the business. the take away message is that the servicing business is really complex and costly and really complicated. that is true. at many levels it is true that it is very complex. what i fear is when we talk about the complexity of the business we of skier what we can actually do to fix things. i will attempt to bring it up a couple of levels here. maybe boiled the servicing business model down to a very short two or three sentences to help us understand a little bit about where we can go from here as well. generally there are two parts that were alluded to in servicing business. you have the business where you service performing loans,, the customers who pay their bills on time that the vast majority of americans. and you have a nonperforming loans, the customers who need help, need specialized

borrowers.according to federal investigators, wells fargo charged the late fees to customers who made payments on the last day of their grace period. as part of its penalty -- wells fargo must pay 3-point-6-million-dollars to must also set aside 410- thousand-dollars to refund customers hit with the illegal fees. 3 airlines will likely suffer more outages... like the one that grounded thousands of delta flights earlier this month. the major carriers reportedly haven't spent enough money updating their reservations systems.in some cases...they're still based on 1960's technology. 3 a lot of people are apparently forgetting to leave their guns at home when heading airport. the t-s-a confiscated a record-breaking number of guns from airports.in just one week -- agents found 81-guns on people trying to board planes. 70 of them were loaded. cials y they also confiscated swords...towing knives.... and even a machete during searches. 3 one day you could be taking uber rides without anyone behind the wheel. uber bought a company called "otto" that's testing self-driving big rigs. and will soo

and no one at her bank wells fargo caught red flags. >> my realtor called me an even though i had gotten an email. >> hooeshs the shocking part. -- here's the shocking part. when that phone call came the money was still many the account at bank of america. she begged the bank to help. >> we walked across the street and asked them to freeze the account. we were told we were not their customers so they'd have to deal with the fraud department. >> i went to wells fargo and missed. even when it was unravelled and presented to bank of measuring nothing was done. >> what's concerning is is this customer says she warned your bank that you guys had her money in a crook's account. she asked for it to be frozen and instead you handed the money to the crook. >> the bank will only say that they followed the wiring instructions. she went o the police and the fbi to report the fraud and says neither seem interested in investigating. i called the fibsz myself and was -- fbi myself and was told a supervisor would be calling her today. >> this is very sophisticated stealing that information. >> and the r

wells fargo is in hot water this morning after the some of its student loan borrowers.. according to federal investigators, wells fargo charged the late fees to customers who made payments on the last day of their grace period.as part of a penalty... wells fargo must pay 3-point-6- million-dollars to the consumer financial protection agency.the bank must also set aside 410-thousand-dollars to refund customers hit with the illegal fees. it's never too early to get a jump on your kid's christmas wish list. sony is planning to reveal two new playstation company is showing off a new standard version of the current p-s-4 console... alongside an upgraded high-end version.sony is trying to hold it's spot at the top with it's top-selling video game consoles the company hopes to attract both hardcore fans and casual users. still ahead on live at daybreak-- a final check of your weather and traffic together... and the four things you need to know as you head out the door.including... breaking olympic news this morning: the country that ?won't be represented ?paralympics in rio nex

we are talking about too big to failed banks and what to do about them, wells fargo is at or near the of the list of the companies, and it is the wells fargo center that the democratic convention center is held in. it is interesting. we are so used to hearing the corporate sponsorship of democracy that we don't even the attention anymore to the details. amy: matt taibbi, the piece you wrote "a republican workers' , party?" what did you mean? matt: there is a lot of talk among conservative intellectuals that because of the reality of what happened in the trump campaign, the republican party has recognized that is consistency -- its constituency is made up of working-class white people, and the need to readjust their policies accordingly to become a party that more nationally appears to that constituency. they are talking about more aggressively embracing issues that are important to working-class people. they had never going to be a union family party, but the fact that they even have this idea in their head, the fact that those voters have already defected to the republican party, the

wells fargo is paying.... a -3- point -6- million dollar penalty... for illegal student loan practices. the consumer financial wells fargo was failing to provide..... important payment information.... to borrowers... and charging illegal fees. more than... -4- hundred thousand dollars will help provide relief.... to affected borrowers. if you're looking to sell your home... now may be a good time... high demand is creating..... a surge in home prices! according to "the greater las vegas association of realtors"... the median price of existing valley homes sold last month... was -2- hundred and -36- thousand dollars. that's up.... more than.... -7- percent a year ago. the national association of there aren't enough homes for sale. there's fewer existing homes... and... fewer new homes. and.... don't forget... contact 13's call for action is ready to help you.... with a consumer problem. just contact one of our volunteers..... any weekday.... between -11- a-m and -1- p-m. our hotline number is.... 702- 368-2255. -25- wildfires are burning across the wes

wells fargo is ordered to pay up.... after the bank charged illegal late fees to some of its student loan borrowers-- according to federal investigators, wells fargo fees to customers who made payments on the last day of their grace period. as part of a penalty, wells fargo must pay 3- point-6-million- dollars to the consumer financial protection agency. the bank must also set aside 410- thousand-dollars to refund customers hit with the illegal fees. hit with historic flooding... now people in louisiana are getting a look at the damage. how the government is stepping in-- to help with the recovery efforts. your fox5 weather 24/7 forecast is coming up next many of you have complained over the naked donald trump statues that are popping up in a handful of cities.. you call it disrespectful .. one caller agrees but then adds something else that you may or may not agree with.. it's in the for seniors like barbara, social security makes a . but for the wall street types who've given congressman joe heck's campaigns over $500,

wells fargo must now pay $3.6 million to the consumer financial protection agency and refund customers $410,000. donald trump says he will not back down on immigration and hillary clinton is laughing off trump asked suggestion that she is in poor health. maggie: rallying an enthusiastic -- >> i get the feeling were going to win in a landslide. maggie: donald trump asking african americans for their vote before a mostly white audience. >> you will be able to walk down the street without getting shot. maggie: now he expanding his plea to hispanics as well. rick klein says trump's outreach to minority voters is also for white voters >>. he wants to cut into those margins. he also wants to give as many white voters comfort in a campaign that's being as expansive assi softening his firm stance on immigration and once again accuses the democrats of rigging the election against him. trump asks supporters to make sure they watch the polls. >> when i say watch, you know what i'm talking about, right? >> there are circles on the right wing that feel like voter fraud is a rampant issue that needs

according to federal investigators, wells fargo charged the late fees to customers who made payments on the last day of their grace period.wells fargo must pay 3- point-6-million-dollars to the consumer financial protection agency.the bank must also set aside 410-thousand-dollars to refund customers hit with the illegal fees. the current television rating system is not accurate -- and very little help to parents. that's the conclusion of a new study of "pediatrics."the study revealed violence is prevalent across shows, regardless of their ratings.scientists say the problem is that violence portrayed on t-v is "glamorized" and kids have a hard time differentiating it from reality. target plans to focus more on technology.the retailer's chief information officer says the aim is to enhance the customer experience in stores. target will devote more resources to its website, and efforts such as in-store order pickups for items bought stores are well stocked. coming up... food in space. the unique research nasa is doing to hopefully some-day feed astronauts on a manned mission to mars. rus

. >> this is wells fargo.are paying a total of $4 million fine to the government the agency in charge of protecting consumers, wells fargo accused of charging customers to make a payment on the last day of the grace period for the consumer loans. this happened several years ago but they are penalizing wells far go. $3.6 million was the fine but the rest will go to refunds for customers. if you have a student loan, a private student loan with wells fargo you should keep an eye on your mailbox you will get a notice about this. >> melania trump learning something from her husband bringing a lawsuit against some news agencies. >> she and her attorney are putting on notice eight different news organizations they were quoting a newspaper that the modeling agency she used to work with batch when she was much younger doubled as an escort service. melania says it is false and her lawyer says it is false. these news agencies some of them had not issued retractions. they wanted retractions. melania putting her foot down

. >>> if your student loan is through wells fargo, you could have some money coming your way. the bank charged illegal late fees to customers who made payments on the last day of their grace period and now, wells fargo has to pay $3.6 another $410,000 to refund customers they illegally charged. >>> and officials in summit county are cracking down on credit card skimming devices. >> and starting next year, every gas station in the county has to follow new guidelines. part of this -- the new legislation was passed by the county council yesterday and it outlines a list of measures patients will need to take to make sure skimmers can't be used on their pumps. >>> and the time now on your tuesday is 4:52 and we're going to break. leaving you with a look wall street opens today. see you back here in 2 1/2 let's go ahead and take a look right now as your day planner. what you're going to want to know, it's chilly standing out there. all of the kids standing at the bus stop. they want a sweater unless you like the cool, brisk breeze. it will warm up quickly. we're talking 70s by the l

>> wells fargo. i think it's a great bank. these are names that i love to be involved in. >>. >> they have worst set of earnings in q2 and it's really one of the worst performing ones if you think about it in 2016. citigroup, up 4%. that stock had been going down for the last two weeks. >> the sentiment shift means something. it's a massive underpositioning. >> sorry, the dash for track has been you wanted to get. so if you're saying wells fargo is one of the least quality, those are the ones that have been outperforming. since the last payroll number, we have two in a row. i would argue that banks financials and tech and em and high cyclicals, this isn't a one-day trade. >> i think that's important. the context of this move is that we've seen a rotation already in the market into areas that were not loved. we saw with technology and individual tech names and now, with financials. you can't deny the price action of the market over the last few weeks or few months. the one monkey wrench. getting decent economic data. at what po

federal investigators say wells fargo charged illegal late fees to some of its student loan borrowers who paid on the last day of their so-called grace period. wells fargo must now pay $3.6 million to the consumer financial protection agency and refund customers $410,000. maria: new home sales surged in july, to the fastest pace in nearly nine years. according to the commerce department, new home sales jumped 12.4% last month. meaning more than 654,000 homes were sold. at this point, demand is outpacing construction. the commerce department is crediting low mortgage rates and a steady job market for the rise. ed: jennifer lawrence topped the list of the word's highest paid actresses for the 2nd year in a games movie. melissa mccarthy took the number 2 spot with $33 million, scarlett johansson was number three with $25 million. maria: nasa is now in contact with a missing spacecraft, after two years of silence. the space agency lost communications back in october of 2014 with the craft called stereo-b. it was on a mission to monitor the flow of energy and matter restored scientist will

these are our cameras from the wells fargo center looking at 95.pproaching the philadelphia international airport is where that traffic is moving but you can see it still is moving. we're not blocking off any of the lanes. it's over into the shoulder for right now. there's a few vehicles involved. penndot crew there, police officer there on the scene as well. it is mainly only blocking out the shoulder. no big problems because of that. we dop have other things going on. one over in new jersey out in burlington township. we have a really serious accident that was actually reported on route 130. it's taking out most of the lanes headed southbound right around columbus road. we're seeing that here on our map system. that string of red is where that road closure is. it's a pedestrian-involved accident as well. that could be serious problems or delays because there may be an accident investigation or a long one that will be under way because of that. i'll be paying attention to philadelphia international airport. 95, no big problems, no major delays. th

the consumer financial protection bureau says wells fargo's illegal actions resulted in higher costs for thousands of student borrowers who encountered problems with their loans or received misinformation about their payment options. >>> great news for riders on the on the long island railroad and metro north can download the app on their smart phones. they can buy tickets directly on their phones. customers can use the app to check schedules and get updates on train service disruptions. >>> new at 11:00, who would steal a man's service dog? the heartless crime caught on camera. >> plus, a deaf and mute man is gunned down and killed by police. hear what witnesses say the man >>> new at 11:00, a heartfelt plea tonight from a vietnam vet who wants his dog back. john nevarez tied up his dog chewo outside a supermarket in the bronx. video shows the man taking the shih tzu away. but this isn't just any dog. veteran's service dog. here's eyewitness news reporter carolina leid. >> he's like my life. i can't even explain to you what he means to me. i just want my dog back. >> reporter: john

federal investigators say wells fargo charged illegal late fees to some of its student loan borrowers who paid on the last day of their so-called grace period. wells fargo must now pay $3.6 million to the consumer financial protection agency and refund customers $410,000. randy: trending stories -- virginia's governor restores voting rights to 13,000 felons. governor terry mcauliffe made , nearly a month after the attempt was blocked by the state's supreme court. the court ruled the governor could only reinstate voting rights on a case-by-case basis, not en masse. the governor says his office processed each felon's paperwork individually. republicans accuse him of trying to boost the democrat vote. emily: several students in california were forced to miss the first day of classes over a new mandatory vaccine law. out of vaccines because of personal beliefs. in the oakland district alone, hundreds of students were turned away. school administrators there say it is because many parents just did not know about the new requirement. randy: a summer celebration turns into an international r

the robbery happened at a wells fargo a.t.m. in washington square shopping center. officers say the victim was withdrawing money at 5:30 in the morning on august 11, and the person stole his cash and took off. >> if you have eaten scalp althoughs, listen up, seaports is recalling scallops sold to restaurant in california after hundreds of people became sick with hepatitis "a" with stomach pain and fatigue showing up in 15-50 days. if you want to heat scallops the f.d.a. said to ask the restaurant where the scalp theres came from. again, seaport products is issuing the recall and the f.d.a. and centers for disease control are investigating. >> wells fargo is paying up to several claims for charging student loan borrowers late fees that are unwarranted and is paying, $3.6 million for illegal fees between 2010 and 2013. the bang must also set aside $410,000 to refund customers impacted by the fees. >> students bolting from two schools in livermore after classes started and next, the legal trouble sending them scrambling. >> hanging up on the annoying robocalls, silicon

joining us onset to discuss markets and outlook, john manley at wells fargo. ga great to have you with us. volumes have dropped off a lot this week. we now reach that typical summer moment we can expect flat for the rest of the summer. >> i think it's probably likely. first of all, i got up solely to see you this morning. not much is going on in the market these days. it's pretty slow in august. rather uneventful month. one thing i will tell you the seasonality players didn't do well. didn't take off in january. didn't fade when you got to may. so these things work until they don't work. i still think the earnings are working higher. i think the fed is supported. >> just countering that for a bit, don't look, but the s&p is up 7% so far this year in a year we've had all sorts of turbulence ask the point is even in slow volumes and activity it's holding the gains. >> right. at the end it will get to where it should go. i still think there are three things that matter. and that's kept me out of trouble a lot of times in the career. thest the fed, it's the earnin

wells fargo is in hot water after the bank charged ?illegal late fees? to some of its student loan borrowers.now it has to ?pay up.?according to federal investigators--- wells fargo charged the late fees to customers who made payments on the ?last day? of their grace period.as part of a penalty--- wells fargo must pay three-point-six (m) million dollars to the consumer financial protection agency.the bank must also set aside 410-thousand-dollars... to refund customers hit with those illegal fees. 3 facebook has launched a new app targeting teens.it's called "lifestage."the video-only social network is available for download via the apple app store."lifestage" encourages you to take a video and slap a picture frame-like design on top.you don't share the videos with friends, like snapchat -- instead, they visit your profile page to view your latest clips.users have to be ?under 21 years old 3 3 toss to weather... 3 forecast...small craft advisory from noon until 10pm from pt. washington to sheboygantoday: mostly sunny. high: 82tonight: chance of showers, s

. >>> a $4 million payment with wells fargo agreeing to settle a the consumer financial protection bureau says wells fargo's illegal actions resulted in higher costs for thousands of student borrowers who encountered problems with their loans or received misinformation about their payment options. >>> great news for riders on the two biggest commuter railroads. the mta's e-tix app, passengers on the long island railroad and metro north can download the app on their smart phones. they can buy tickets directly on their phones. customers can use the app check schedules and get updates on train service disruptions. >>> new at 11:00, who would steal a man's service dog? the heartless crime caught on camera. >> plus, a deaf and mute man is gunned down and killed by police. hear what witnesses say the man ?slow, building african-style m? kalahari resorts & conventions. the world's coolest indoor waterparks. ? ? ? award winning interface. award winning design. award winning engine. the volvo xc90. most awarded suv of the century. here's to the explorers. those diagnosed with cancer who explored t

. >> let me tell you, the great chris thomas once said, it's even hot in fargo this time of year. trust me, it's hot in browns' camp in cleveland as well. for the seco training camp, the bucs hit the field with another nfl team. and as i mentioned, it's the buc's playing host to the cleveland browns. and like last week in jacksonville, dirk koetter not the happiest coach on day one. there were good plays. jameis winston to bernard. look at that. buc's fans will take that. typify toes. and keeping it inbounds. drop and jameis winston is going to tip a pass here. koetter mum by the end of the workout. >> what didn't i like? no juice. no one wanted to practice ted. we had balls tipped, throws, bad protection. overall, just a bad day on offense. i wasn't on the offensive field. coach smith said over there. but-- and these joint practices when i only get to see half, i would want know the rest until i get in and watch it. >> you heard the defense mentioned. the first team today, nabbed a couple interceptions off the brown's quarterback. this side of the ball has received praise through

airlines say they have plenty of available seats. >>> wells fargo will have to pay up after the bankl late fees to some of its student loan borrowers. they charged the late fees to people who made payments on the last day of the grace period. wells fargo now has to pay $3.6 million to the consumer financial protection agency and it has to refund customers a total of $410,000. >>> facebook has launched a new app for teens. teens think photos are all news because the life stage app is video only. you must be 21 to download it. the app adds a picture frame around it for a classy touch and teens won't have to share with friends. instead the pals head to the page to catch the most recent clips. >>> for some people, a haircut sells a lot spells anxiety. a bill heading to the governor's desk would let salons and barbershops serve a complementary glass of beer or wine. we are told plenty of places already offer booze even without a license but the new bill would make it legal. still, there's some fine print. the measure allows just one serving per customer and only during normal business hou

with gina martin adams of wells fargo, donald straszheim of evercore isi.iversity. here is my bible on productivity. this is chad jones of stanford. this is the brilliant, simple, mathy bible. what is the number one thing we get wrong in our analysis of productivity? be underestimating, but unfortunately the news is pretty bad. we have seen a slowdown in productivity growth for seven years. in fact, less than 1% growth since the expansion began her that is pretty disappointing. tom: are we at the end of the 19th century where technology came in and destroyed a part of the -- are we at a point where technology is the enemy to efficiency, which growth, better use of capital? kim: i don't think so. there are two sets of problems. the benefits we are getting from technology are diminishing. the other problem is that we just do not find enough investment. tom: we talked to gina martin adams earlier about how companies adapt to know productivity. one of them is that they have to deal with foreign competition. are the foreigners giving us weak productivity? don: i

. >> wells fargo, weiss. >> wells fargo, there's my doctor impersonation.lls fargo, b of a, which i bought more of last week, xlf, it's going to keep coming. >> he's convinced. >> and particularly -- >> he's not complacent. >> come on, i'm talking here. give me my time. >> we can still hear you. >> given the skepticism about the rate hike it means that they're going to go even further. so i select the -- >> throw blackrock in there and asset managers, they're breaking out. >> actually, asset managers are more skeptical because of the massive fee pressure across them. they'll still go for now. just be careful. >> this feels like the first time we've been talking positively about the financial. feels like all year we've been saying down 10% on the year, down 20% on the year. but they've come -- >> maybe it's the first time you've been listening. >> ends up running in place though. now maybe there's more clarity on what people think the fed's going to do. banks have been up 10 out of 11 days. >> finally we're starting to recognize it. banks are saying a rate h