it's not a wells fargo guard and acts. wells fargo guard is on the run with $7000000.00 in cash. he got away with the last night when he robbed his partner and a wells fargo manager in west hartford connecticut. so when, when victor grabbed a supervisor from behind it and put them in a headlock and took a supervisor's own gun out of his whole store and put it to his head and told them, you know, i'm not working for anybody else anymore. you know, i'm not playing the supervisor head, you know, heard the tone in victor's voice. so that me and as he testified and tries that, victor spoke to me in a tone of voice, had rather heard before i was waiting for him outside. it was the longest hour or whatever of my entire life. it was a $7100000.00 according to to the press. i know it weighed by the 1000 and some odd pounds. the car was riding low. we've had so much money to steal from here that they couldn't even haul it all away. police estimate that he left about a $1000000.00 behind. i felt we had pulled off a great job. nobody has a car. nobody was hurt. yeah, i would, i was our again

so you want to start off, who's here for wells fargo. so um, so i'll start with wells fargo.eah tonight we're thanking wells fargo for the sponsorship for this event. what do we have? wells fargo here. lorenzo. lorenzo lorenzo, come. lorenzo. lorenzo, come on up. and this is a special mural. it's about to be landmarked. oh, thank you. thank you. appreciate it. okay your next up. nice okay , cool. i'll do it. i'll do. i'll do. josh, go ahead and do. okay this is special because as my mom and i are really be great fans and i want to just thank the golden state warriors for sponsoring this event. from them, from the warriors here. as for vanessa, mr. velasquez, vanessa, vanessa. no. oh okay. mayor oh, there she is. there she is. oh, there she is. vanessa. thank you. okay now, you know, that's a special. and this is special. and this is special because this award is important because it's going to be one of our first history. latino assets from the mural movement. that will be landmark . and we want to thank all the support and the board of supervisors, but especially mayor breed

in 1900 in fargo, 80% of the people living in that town of fargo in 1900, english was their second language. i mean, we had, you know, germans, norweans, swedes, danish, you know, everybody immigrating to north dakota. you know, we're very fresh, we understand immigration in north dakota. we wouldn't have a state without immigration. but unfortunately in our party, the republican party, i don't think we can have a discussion about a legal immigration policy until we secure the border. that's part of national security, one of the jobs of the president, to do that. and the federal government, that's their job to do it. and then we need to have a discussion, 'cause when you've got chronic labor shortages, that also drives up inflation, which raises the cost for everybody. so we've gotta balance labor, and one way to do that would be with smart immigration policy. - you have called for ridding the country of the department of education. ronald reagan argued for the exact same thing on the original "firing line" with william f. buckley jr. back in 1980, soon after the department had been establi

he is the equity analyst from wells fargo and he joins us here on set.reat to have you in the studio. you met with someone who is very important to david solomon to draw these conclusions, tell us about that. >> it's one thing to hear david solomon say everything is fine but who is overseeing the overseers? i thought it would be important to talk to the board in this case i met with the lead director of goldman sachs yesterday to find out what's going on with these media stories and what's happening internally and what's happening with david solomon. will he stay for a while? the conclusion from the lead director was why are you asking the question? the results have been good and they've had the best book value growth over the last five years, the execution has been good with best in class market share gains and they are on pace after the pivots they've done. he said what are you talking about? he said there's a disconnect between the media stories and the date he has based on the internal activities. matt: i wonder if he didn't acknowledge a little bit

to discuss the water issues, heather fargo won't forget how feinstein fought for the farmers. >> she was the one that recognized there was an issue that needed to be resolved and called upon the right people and put us in the room and said you need to work this out. let's get this done. and that is how she was. >> reporter: 1992 was dubbed the year of the woman after a record number of female senators were elected. pictured next to senator barbara boxer, california was the first state to be represented in the senate by two women. that legacy, fargo says will outlive feinstein. >> her just being there and doing the work served as a real role model to a lot of us just by watching her in action and seeing how hard she worked and how well she spoke and what a supporter she was for the community and the actions she took. >> reporter: and in her own words, she said that she didn't win that election in 1992 because she was a woman or even because of women voters, she said it was for all people. back to you, ryan. >>> thank you. there are so many achievements and significant moments in senat

be the gender to the executive wells fargo taught me too scale up and that what we were at wells fargos part of a group are doing a billion dollars a week. we decided to go to 2 billion. if we are being honest i was the youngest in the room i said that's a bad idea. you're coming out of 2008 it was like a perfect storm for banks low interest rates, higher op ex, inflation is we call it. in high compliance costs i was in the room and said hey, i think we should go a different way. like some of you have probably experienced when you're at the youngest and the brown us that does not go over too well. they said if you're so smart will to do it yourself. and so i went on this journey to try to help solve the issue for the banks which is really a supply issue. to go for 1,000,000,002,000,000,000 you need deals. some went to the guys in the sin tech world and said hey you guys for good partner to banks if you know anything about they were like banks for bad were going to disrupt to them like we currently have $70 trillion were not going to disrupt us. this if you are so smart do it yourself i

piper charitable trust, and by wells fargo. male speaker: at wells fargo, we support the diverse cultures within the hispanic community. we honor the cultural heritage and impactful contributions of hispanics and us latinos who have enriched the cultural fabric of our country. additional support from these and many other donors... female speaker: a complete list is available at aptonline.org. [crowd chanting in spanish] chunky sanchez: the scourge of history are on my face, and in the veins of my body that aches. [crowd cheers] i do not ask for freedom. we are freedom! [crowd cheers] ♪ we are not afraid ♪ chunky: a lot of people didn't understand, what is chicano? well to me, chicano is not necessarily someone that was born in a certain place but rather a state of mind and a state of heart. [♪♪♪] virginia zarp: and i look back on pictures then, and i thought oh my god, we were poor, but i didn't feel poor at the time. chunky: things were very simple. it's like the wizard of oz says, "there's no place like home." [♪♪♪] carlos le

morgan, wells fargo.first republic getting ready to collapse you really only had to banks that could be because citigroup and wells fargo are dealing with issues so it was really only j.p. morgan and yes some people in the banking industry saying we shouldn't just have four too big to fail, for can have too big to fail may be a should be 12, 15 so the risk is spread out because there will be other catastrophes in the industry and i hate to say about there will be not predicted anything soon but you want to have more banks that can step up to the plate if that should happen. >> they got have 70 to call besides jamie dimon. one hedge fund guy that i talked to said would banks not always treated their customers will have a percentage point when the treasury is at five years that some of the syntax companies will do well but i don't know they built some of the apps to share money and then the banks come along with zelle in is just as good, i don't know. >> you do wonder what is going to happen and i think you

wells fargo account, and then another 5000 went missing.ni she was doing all the bank asked, so was transferred from one department to another. >> many phone calls. i had to eventually go to the branch to get it straightened out, and then at the branch i learned that somebody got ahold of the check that i deposited and it had clearly it was made payable to me not once, but twice. >> the story is complex, but rowena says a $5,000 check made out to her from one of her accounts was mistakenly given to another person who cashed it and then somehow another $5,000 followed that unable to get things resolved, she contacted seven on your side and we went to work. >> all of a sudden they were actively contacting me and then all of a sudden they made correction as they should have. >> wells fargo had quite the case on wined and in a statement to seven on your side said, we sincerely apologize for the inconvenience and worry they encountered during the time it took to solve this fraud event. the bank said it can't discuss specific case, but it was not

the wells fargo active cash credit card.ou google anything today celebrating google's 25th birthday. >> it's hard to remember a time when there wasn't google but in the late '90s, it was all about searching on yahoo!. and then along came google their products revolutionized d the way we find communication, find information and even drive. >> back to google's early days and its future. >> google, the noun that became a verb we went to the mothership to look into the history and look into the future. the googleplex has a collegy vibe but here, pursuit of the near impossible supercedes beer pong. google was conceived in a nearby stanford dorm room true to the silicon valley startup legend moved to a garage 25 years ago. >> my parents had never heard of google at the time. most people hadn't >> jen fitzpatrick joined the company a year later. >> i think my dad thought i was a little bit nuts going to this tiny little company that no one had ever heard of and as far as he was concerned, we would probably be out of business before

fargo. not from fargo, but that's where fargo is. i have to check again. it is not in south dakota.isten to us live any time. we do it live from the cnbc app. ♪ (upbeat music) ♪ ( ♪♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪♪ ) constant contact. helping the small stand tall. ♪ if you struggle. ♪ and struggle. ♪ and struggle with cpap. you should check out inspire. ♪ no mask. no hose. just sleep. inspire. sleep apnea innovation. learn more and view important safety information at inspiresleep.com >>> the senate unveiled a bipartisan stopgap bill that would keep the government funded through mid-november. still, there is no guarantee the bill will be able to pass the house. joining us now on the latest including some procedural moves last night is republican congressman kelly armstrong. he's been working closely with leadership on negotiations. and, i noted earlier, congressman, good to have you on, that i don't know where any of these things in the house we just mentioned the senate, i don't know where things go in the

wells fargo. hudson bay trading company and famous early settlers one of whom william leaderdorph who lived blocks from here a successful business person. african-american decent and the first million airin california. >> wilwoman was the founders of san francisco. here during the gold rush came in the early 1840s. he spent time stake himself as a merchant seaman and a business person. his father and brother in new orleans. we know him for san francisco's history. establishing himself here arnold 18 twoochl he did one of many things the first to do in yerba buena. was not california yet and was not fully san francisco yet. >> because he was an american citizen but spoke spanish he was able to during the time when america was taking over california from mexico, there was annexations that happened and conflict emerging and war, of course. he was part of the peek deliberations and am bas doorship to create the state of california a vice council to mexico. mexico granted him citizenship. he loaned the

citigroup jpmorgan wells fargo when you had first republic getting ready to collapse, you really onlycitigroup and wells fargo or you know, dealing with some issues now. so it was really only jpmorgan that could and you have some people in the banking industry, saying we shouldn't have just four too big to fail. banks it should be maybe. i mean, if we're going to have to big to fail banks that should be maybe 12 15 so that that risk is spread out because there are going to be other catastrophes in the industry and you i mean, i hate to say it, but there will be. i'm not predicting anything soon. but you do want to have more banks that can step up to the plate if that should happen to have somebody to call besides jamie diamond, exactly, you know, one hedge fund guy i talked to thinks that with banks, not always treating their customers so well, half a percentage point when you know the treasury is at five years, whatever that somebody's fintech companies will do well, but i don't know they build some of those apps to share money. and then the banks come along with zell, and it's just

the wells fargo active cash credit card.le are using that same feature now as a form of social media. >> when we need things explained, we bring in nbc's savannah sellers, our resident strange correspondent. tell us what is happening. >> this is interesting one generation's phone finder is another's friend finder. nearly 70% of gen z and millennials are tracking each other's location we sat down with one group of friends to find out why they are so obsessed with this feature. >> i am the friend that is looking at your location. >> the ideas of friends constantly knowing where you are might sound too close for comfort. >> oh! aaron is at the gym. stacy is at work oh, mia is at her exes. >> reporter: many say for them, it sounds like friendship. apple added the find my feature to all phones over a decade ago as a way for people to track lost devices, but now young people use the app to monitor others' devices and location often posting about the trend on social media, using it for everything from making sure friends and family

remember, it was wells fargo, but computershare acquired their trustee business . and that that's the way it's almost always done because it's just so much cleaner. they'll have the escrow and they have the old bonds and they take care of everything in house. we also have if there we're not locked in technically we can always replace a fiscal agent for any reason. essentially down the road. so it's not like they own the business just that it's just a much more efficient way to handle all the complex flows involved in this kind of a transaction. so thank you again . um, i just have one quick question. i'm seeing that the us economy is probably going to have another difficult fourth quarter at and there's talks about the feds potentially raising interest rates again, how how may this impact this refunding cycle or bond issuance ? et cetera. et cetera. well. we basically we have a sort of a rule of thumb on the refunding that we have to realize, and this is a rule of thumb, it's not, but it's in our you know, in our debt policy, our rule of thumb is 3. if we have 3% o

, it goes -- >> yeah, wells fargo took the price target from 130 to 120, and hbc cut the price target to 110 from 130. >> no, no -- >> how often does that happen? >> that's what i am talking about with sentiment and perception. you have to be candid and humble and say something is wrong with nike. but everybody that comes on the network, they will tell you one thing, oh, nike, you want to buy nike because this is a great balance sheet and it's a proven company, and -- >> isn't that what you are saying? >> no, i am telling you the stock is broken technically. i am telling you the revenue -- the global revenue has headwinds in front of it because 65% of the revenue is coming from the rest of the world. i would rather own lululemon where 65% of the revenue is coming from here in the united states. i am acknowledging the position is a lousy one. i think nike has a lot of challenges in front of it, and that's the reality. that's what i am talking about overall. >> okay. weiss? >> i don't think you can compare lulu to nike. lulu works in a niche market with little competition and manages it

remember, it was wells fargo, but computershare acquired their trustee business . and that that's the way it's almost always done because it's just so much cleaner. they'll have the escrow and they have the old bonds and they take care of everything in house. we also have if there we're not locked in technically we can always replace a fiscal agent for any reason. essentially down the road. so it's not like they own the business just that it's just a much more efficient way to handle all the complex flows involved in this kind of a transaction. so thank you again . um, i just have one quick question. i'm seeing that the us economy is probably going to have another difficult fourth quarter at and there's talks about the feds potentially raising interest rates again, how how may this impact this refunding cycle or bond issuance ? et cetera. et cetera. well. we basically we have a sort of a rule of thumb on the refunding that we have to realize, and this is a rule of thumb, it's not, but it's in our you know, in our debt policy, our rule of thumb is 3. if we have 3% o

wells fargo has had its chall challenges and scandals.t's been broadly as a group trading lower since the end of july when end game rules were first announced or first revealed. that would increase their capital requirements. as well as just the overall macro economic picture hasn't necessarily be favorable for the banks as a whole, but in terms of just idiosyncratic management of the business, citi is definitely facing its own headwinds and they're hoping this restructuring is able to combat some of those pressures but it's all part of this idea of streamlining, folkcusing the driving those businesses they think can help boost the stock price in the future. we'll see if it works this time around but i think investors have been patient that have been in the stock for a while and we'll see how long that lasts. >> all right, folks. thanks very much. you see the stock a little higher today. thank you. >>> coming up, we'll get some technical support. we had our technician check the charts on some stocks not feeling the love from analysts righ

but wells fargo is worried about a lackluster box office. disneys has that had very few hits. cost going up, and this is the latest, the dispute with charter and 15 million households, spectrum customers have a blackout of espn if ahead of college football, during the u.s. open and other stations. so now you have disney saying to these spectrum holders, well, just cut the cord entirely and sign up for our you lieu +live tv -- hulu tv live option which is $70 a month? stuart: a ooh. >> anecdotally, i may do it, because i have spectrum. granted, fox had the best game of the weekend, but nevertheless, there's going to be some game that i'm going to want to watch. don't mess around in college football season. stuart: that thing about disney not making great movies these days. they should have made oppenheimer. [laughter] i may be overstating this, but it's the best movie i've seen in years and years and years. >> it feels like a random stock today that makes chips or something. you know, they should stop making chips and start making oppenheimer. lauren: what was the last movie yo

wells fargo is a warning.den housing and the tenderloin neighborhood development corp with $575,000. and they're going to use that to create energy efficient projects like retrofitting about 3,000 units that will reduce more than 3,000 are surrey, 8,000 tons of carbon dioxide emissions. that money is going to be presented at a press conference at 9.30 this morning. the state's department of housing and community development will be there. and so will the city's environment department climate program. also happening this morning in the city supervisor connie chan and tenant rights advocates. they're going to be announcing new tenant union legislation. chance legislation seeks to strengthen tenant rights, organizing its core for landlords and ensure they have representation as they work to negotiations. she's going to be joined by tenants of the richmond district and the housing rights committee of san francisco, the press conferences at 11 this morning on 8th street right in front of the star of the sea church.

wells fargo's warning even housing and tenderloin neighborhood development corp with $575,000 to invest in creating energy officiant. projects like retrofitting more than 3,000 units that reduce carbon dioxide emissions. the money is going to be presented at a press conference in a couple minutes at 9.30, this morning. the state's department of housing and community development will be there. it's 9.25. and also this morning in san francisco that supervisor connie chan and tenant rights advocates that are announcing new tenant union legislation's. so chance legislation seeks to strengthen tenants rights organize against corporate landlords and ensure that they have representation as they work through the negotiations. she's going to be joined by tenets of the richmond district in the housing rights committee of san francisco. the press conferences 11 this morning on 8th street right in front of the star of the sea church. coming up next on the kron 4 morning news. >> cost of college is going up all. 23 cal state schools for the very first time in over a decade. how much the average unde

katie: now we have brian rehling of wells fargo and steven oh of pinebridge investments. steven i will start with you. is a rise of default inevitable? steven: the rise is inevitable but you have to put things in context. you arising from ultra low levels to what i would consider moderate levels. from the past couple of years we have been running at default rates and leveraged loans at 1% or lower. relative to historical average, about 3%. going up to those ultra low levels up to historical norms are far from conditions that one should be frightened of. katie: brian, when you think about what we are seeing in this market and you look at spreads, how are you thinking about valuations in this market versus fundamentals? brian: valuations are expensive. there is a narrative in the market that we will get a soft landing. everything might turn out ok. the odds and history suggest that that is the most likely case. i just don't see the advantages here of buying high-yield lower credit quality at what are some extremely tight levels. this late in the cycle, it does not seem like

wells fargo.udson bay trading company and famous early settlers one of whom william leaderdorph who lived blocks from here a successful business person. african-american decent and the first million airin california. >> wilwoman was the founders of san francisco. here during the gold rush came in the early 1840s. he spent time stake himself as a merchant seaman and a business person. his father and brother in new orleans. we know him for san francisco's history. establishing himself here arnold 18 twoochl he did one of many things the first to do in yerba buena. was not california yet and was not fully san francisco yet. >> because he was an american citizen but spoke spanish he was able to during the time when america was taking over california from mexico, there was annexations that happened and conflict emerging and war, of course. he was part of the peek deliberations and am bas doorship to create the state of california a vice council to mexico. mexico granted him citizenship. he loaned the g

and bo mont access, and downtown, the gap, a ts partners, tmg partners, advance, mooreadd, wells fargo, pg&e and access arts commission. also, a special thanks for the businesses around us, especially hart wood access and the way tavern for their support during the painting of the mural. ace hopes to pursuit public art initiative and performing arts activation in san francisco downtown. in fact, we have a second project on saturday september 23, just two blocks from here. so from 1:00 to 6:00 p.m., justice street will be closed from montgomery and at the art of the festivity there will be a main stage arranging musical and dance performances. the neighborhood galleries are joining the celebration by opening the doors for an art walk and businesses will be open and some of them will serve drinks as well. the end of celebration will terminate in the neighborhood rafael. so join us, again on behalf of the ace board many thanks to many of you for being with us today and for your enthusiasm and support and generosity. [applause] >> all right, enough talking, who is ready to party? thank you

. >>> the only wells fargo executive charged in the banks take account scandal will enjoy jake kyman. more than 2 million accounts for customers without their authorization. it was all in an effort to make extreme sales quotas, he was aware of the problematic sales practices for years but did nothing. and today a federal judge, three years of probation six months after home confinement. >>> it is the first day of hispanic heritage month. many california communities after a federal judge in texas ruled that the protections of the daca program are unlawful. justin moran spoke with one san jose dreamer who is worried she may be forced to leave the only country she has ever known. >> i don't remember the trip here. i just , one day i was in mexico, the next i was in l.a. and now i am in san jose and i have been living here for the past two years. >> reporter: she came to the u.s. with her family when she was just three years old. she has been protected from deportation and had a work permit through the daca program. better known as daca. >> when i graduated high school, thankfully that is

i am fargo and i understand the fed newcomer worked on similar cases for 20 years as account trafficking special agent right away. there are some things i'm hearing that definitely seem incriminating when you start talking, when you're talking to somebody about smuggling while you're dropping off primates that's is definitely a clue that people are of intent and know that they're filing the law and they clearly have a system in place, he would know before you retire new comma investigated and kept your traffic goes from all over the world. the charges against senior government officials may have attracted international attention, but he wasn't surprised by the cambodian case. that is something that's always been on our radar screen. and so in southeast asia, when cambodia started to get into the captive bred primate business, it was something we paid attention to closely. because cambodia is a center or point of wildlife trafficking that's been well known. it's, it's a global problems, it's a big dollar problem, and it's going to be difficult to solve. to learn more about the company acc

it became the sports cars around the wells fargo was the quintessential sports car. just like lou who is synonymous with blue force, the is the race car itself, in the sense the sun, the driving pleasure, the fan, i can always convert the available power into speed because it's an object of desire. we'll avenue means of freedom to go wherever you want to go, whatever speed you want to go, you need to call it its own power guides. us the poolside say is very small, portion cost, as women as a multi cultural. it's all about friendship and driving and bringing together and obviously it's all about the people without the people that are on those stories. the people create the stories, the character, the passion of the dna that makes the calls memorable and makes calls remarkable. magnus, smoke of speech, come freak from it. i'll send you this piece. put the money you made from his fashion and pie into one of the largest portion, 911 collections in the us. the he's convinced that bullshit doesn't sell cars. instead they sell a nice style. you know, this is what i call the