depending on whether you feel your credit situation is where you want to go to a bank like wells fargo or another regulated bank, and line of credit, or work for a working- capital type of loan, which is something you look to do, the opportunity fund. you probably want to try both avenues. as far as your credit scores, everyone realizes, everyone here has a credit score. the first thing any lender will look at is your credit score. after looking at that, they all do not do the same thing with it. an opportunity fund will look at your story in addition to your score. some are limited to your score, that if it is above or below a certain threshold, and they are may not work with you. not every one of the lenders is going to see your situation the same, so you should be shopping. >> [inaudible] >> you can do contract financing. that exists. but a line of credit is probably what you're looking for. >> thank you, marc. i have a question from the audience about a burgeoning market. any avenues for san francisco medical cannabis dispensaries? open to the panel. >> in terms of financing? i can

next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential when i am looking at a potential loan, i use the standard five

if you would like to help, contact your local wells fargo bank. >> in the form of a new federal grant, the u.s. department of fillingannounced critical law enforcement positions. the money will be divided between the hagerstown and pleasant police department. a ward money was granted based on physical needs, crime rate, and community policing. >> clearing the way for a hearing tuesday challenging the law.and gun control gun rights advocates are sinking a temporary restraining order while also attempting to block the measure on constitutional grounds. the response to the complaint must be filed by noon on monday. they believe the new measure is constitutional and legally defensible. >> our law has passed all sorts of reviews, constitutional muster, and for some people, they are so ideologically committed to the notion there should never be any gun laws that some of them will inevitably file suit and we believe it will withstand any challenge. >> it does not challenge the provision requiring buyers to submit fingerprints, what a separate lawsuit filed today does. citing a huge backlog o

. >> you work with companies like we mentioned google and facebook also wells fargo bank of america, as they look towards implementation how do you advise them? what challenges are they facing? >> yeah, so the thing is that a lot of the challenges that these companies are facing really don't have to do much with the affordable care act. the affordable care act is targeted at providing insurance to individuals who don't have it because they lost a job or for whatever reason. the companies that i work with are interested in controlling health care cost and the affordable care act didn't create the problem but didn't solve it for businesses either. >> :00 for a short break. when we come back, the myth vs. the fact. federal health care law, stay with us. >> welcome back to inside story. we're talking about the federal health care law, the affordable care act and its impact on businesses an workers, there are a growing number of companies that say the health care law is changing, how they do business. papa john' john's ceo jan sn rarvetiontter says it would cost the company 15 cents a piz

. >> outside a small group of activists are protesting, calling on banks like wells fargo and bank of america. >> this is a community action in protest of the game conference and the game conference is a conference of investors that they spend their money investing in for-profit private prisons. >> private prison's got just one goal. >> organizes communities against prison population all across the southern united states. >> they're in this business for a profit. what's good for business for them is great recidivism rate, three strikes you're out laws, mandatory minimum, that's great for laws for the private prison companies. and basically my personal feeling is they've locked up a number of the african americans in the community and now they're going after the immigrants. >> in washington, d.c, private lobbying, cost over $2 billion a year to lock them up. in their annual reports the securities & exchange commission both cca and geo emphasize that any changes to immigration laws constitute a business risk. to contain that risk they spent at least $25 million on lobbying politicians s

wells fargo is a bank. we'll keep that. we like that.tin, great defense contractor, all-time high today. we'll get rid of microsoft because microsoft is trying to get rid of itself. doesn't know what to do. we're going to get rid of intel. we're going to keep cisco, credit suisse, we'll add bristol myers, and why don't we pick up -- too defense oriented. financial, drug, how about we pick united health. that's the one i've been eyeing. now the cat's out of the bag. stick with cramer. >> keep up with cramer. follow @jimcramer. send your questions to cramer at @madtweets. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. [ thunder crashes, tires squeal ] ♪ ♪ so, what do you say? thanks... but i think i got this. ♪ [ male announcer ] the all-new cla. starting at $29,900. investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i r

wells fargo is a bank. we'll keep that. we like that.nse contractor, all-time high today. we'll get rid of microsoft because microsoft is trying to get rid of itself. we're going to get rid of intel. we're going to keep cisco, credit suisse, we'll add bristol myers and why don't we pick up -- too defense oriented. financial, drug, how about we pick united health. that's the one i've been eyeing. now the cat's out of the bag. stick with cramer. >> send your questions to cramer at hashtag mad tweets. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." >>> can a new product really move the needle for a major company

bank of america, wells fargo doing the same.ss' elizabeth macdonald broke the story. >> what is up is there was a sudden rapid spike higher in mortgage rates but only 1%. so mortgages were at 3.5%, now 4.5. maybe hitting 5% by next year. but i'm just surprised that the level of job losses. 23,300 people at wells fargo, bank of america, jpmorgan and citigroup. the fact they moved so rapidly to lay off workers tells me something else is going on. >> neil: what is it? >> i think they're previewing a higher mortgage rate. next year. in fact that's what we're seeing in the action. >> neil: how high? >> it could be go back to what it was last decade. 2010, we saw 5, 5.5, 6 percent. remember 9, 10% in the 90s? 4, 5, is historically low but we did see applications for mortgages hit 2008 levels and refinancing hit 2009 levels. the banks are saying refinancing is key. there's a dropoff in refinancing that's hurting revenues so they're laying off. >> neil: have they ever been wrong, the correlation between housing swelling and the cursor w

wells fargo has confirmed there is a problem and that they are working to fix it. bank customer service twitter feed was buzz with customer complaints this afternoon. >>> police are still searching tonight for whoever was involved in a shoot out outside marriott hotel in downtown oakland. we were overhead and took these pictures of the ohio state football team and many fans staying at the marriott for tomorrow game against cal and they could not get in while police processed the crime scene. ball players and fans there. cab driver was unintended victim shot in the leg as he stood outside his taxi drinking a cup of coffee waiting for a fare. 4 of the bullet went in the exterior of the hotel. one witness in his office when he heard the gun show. after everyone got up and ran over to the window pretty quick. sfl we noticed the marriott panic and marriott then we saw the two gunshot hole that we saw from our window. >>reporter: taxi driver is expected to be okay but scary moments certainly downtown oakland today. >> men time happening now near the port of oakland evicted ow

bank industry? not me. >> reporter: wells fargo and.gov bank are suing to stop richmond from using eminent domain. but mclaughlin insists the law is on her side. >> reporter: a hearing tomorrow will determine whether the banks have a case or if their lawsuit is premature and should be throw out. >> the mayor says she will be protected from a law called joint powers authority. >>> police say it's the biggest case so far in a case they promised to do everything to solve. this sketch is of the man police say killed alicia kerradine. two children and a grandmother weres a injured in the shooting. there's a $3500 reward for tips. >>> an oakland toddler is still missing. no one's seen daphne webb for 2 months. brad has talked to a family member keeping up hope. >> any niece is still missing. >> reporter: do you think she's still alive? >> i pray she's still alive. >> reporter: daphne webb's aunt is you keeping faith that her niece is still alive, but is losing faith in the police. >> reporter: what do you want from them at this point? at screes least contact? >> just an update, where are we at with find

but some banks including wells fargo, deutsche bank and the bank of mellon filed a lawsuit to get an injunction against this plan. the city of richmond wants to use eminent domain and give them a chance to refinance. tvps t it's the first kind of its plan in the country. a judge said it was too early to file. however, the judge did say on monday he'll rule on whether or not to dismiss the injunction request or stay it until a later date. >>> on the peninsula, the search is on if a shooter who opened fire on two teenage boys. a teenager who didn't want to show his face says it started when he and his brother were sitting on the front porch of his family's home in east palo alto last night. he says a newer silver model honda accord pulled up. a man got out of the car and opened fire. the bullets caught him in the inner thigh. his 17-year-old brother was also hit who's in the hospital, but is expected to survive. >> we were actually smoking a cigarette and then the car kind of stopped right there where you guys' truck is. as soon as we looked and said, who is that, we looked up and seen

. >>> we're following developing news regarding wells fargo banks. customers across country are saying credit and debit cards are not working. in an e-mail response, wells fargo confirmed to nbc bay area they are aware of the situation and they're trying to resolve it. it's not at every wells fargo location. nbc bay area was at a wells fargo in north san jose within the hour and said there were no problems at that location. >>> students excited for the first dance at one san francisco high school have to wait. the lowell high school dance was supposed to happen a few hours from now. instead it's been pushed back to next week. complaints came in that it was the same night as the jewish holiday yom kippur. we have more on how the students may lose some big bucks. >> reporter: here at lowell, some seniors may miss their last first dance of the year, a dance dedicated to their class. >> if the majority of them can't go, the point of the dance is kind of wiped away. >> reporter: this 17-year-old senior worked on planning the dance for four months then got

bank of america, wells fargo, u-s bank and discover still provide customers with this option. burger king is firing the next shot in the french fry wars with low-calorie fries... or more accurately... "lower" calorie fries. the fast food chain says its new "satisfries" have 30 percent less fat and 20 percent fewer calories than their existing fries, and 40 percent less fat than mcdonald's. one thing not lower about the new crinkle cut fries is the price. they'll be 20 cents more, except in kids' meals. the town council of gloucester township, new jersey is defying common sense by playing the halloween equivalent of scrooge, or the grinch...or whatever you want to call it... by cancelling halloween. the council has approved a resolution saking parents to abandon traditional trick or treating, and instead have indoor parties. or at the very least, have all those little ghosts and goblins off the streets by seven. fortunately, the resolution is only a suggestion...wit hout any real teeth. still ahead, better get some lemons handy, because this next story is so sweet, you might go

big banks are warning of a housing slow down, wells fargo, jpmorgan, bank of america have cut significant number of jobs and are predicting a sharp decline in their home loan businesses. so are mortgage lenders and home buyers feeling the ripple effects of rising interest rates. here's the chairman of connect bank one and mark fleming. mark fleming, let me begin with you. very disturbing story in the "wall street journal" today. new home sales not so august. that means the august numbers aren't very good. what they reported is certain surveys and you may be more familiar with this are showing that the traffic for looking at both new and existing homes, you know, the potential home buyer traffic has really slowed down. i'll get to refis and applications later. sheer traffic looks like a down town in august. is that true? how important is it >> i guess it depends. typically you have a downturn in august because people focus on going back to school and things that happen in september in society. house is a very cyclical process. you expect a slow down to happen in terms of people looking to

investors holding these mortgages have already sued to trust wells fargo and deutsche bank to block thisan, the two sides meet in court in person for the first time thursday. retailers are getting into the holiday spirit early this year. even earlier than usual. 104 days left until christmas and kmart has already been airing its paula that. this one debuted yesterday and features a gingerbread man cruising on a woman in her cubicle. do not let the holidays sneak up on you. there you go. knife toward nation. shop early with kmart. this is the earliest ever marketing kickoff to the holiday season in terms of tv ads. sometimes you will see lights up and garland hanging because the owners haven't taken them down since last year. connell: a huge corporate bond offering from verizon making headlines. actually at the new york stock exchange where nicole petallides will give an update in a moment. dagen: liz claman continues coverage three days in the valley with people from sony as they push ahead with a new play station and here are today's winners on the s&p. [ male announcer ] imagine this c

if you would like help contact your local wells fargo bank.-tv 11 news. >> he was convicted of killing another man over a football bet and yesterday a judge sense sentenced 47-year-old todd morrow to 12 years in prison. he killed or value in january over a fight over a football wager. he was caught on camera pulling a sword from a walking cane. >> family and friends will say a final goodbye to richard michael ridgeill the man everyone knew as "mike" was killed in the navy yard shootings. his funeral is set for today at the church at seven run in sefrpbl. the 52-year-old father of three was born and raised in brooklyn park and served in the military in iraq and worked for the maryland state police for years and was a huge ravens fan and even drummer for the colts marching band. he is being remembered as a father, patriot and hero. >> and channeling maryland's new gun control law, the same day the law takes effect. the gun rights advocates are seeking a temporary restraining order and seeking to block measure on constitutional grounds. the compl

fargo says using it would be unconstitutional. but leaving court today, the mayor had a message for the banks. >> please! cooperate with the city of richmond! we're offering you cash!! we're offering you fair market value for these mortgages! the investors benefit! >> reporter: no one from the plaintiffs' side, wells fargo or deutsche bank, was available to speak on camera by our deadline. both sides are instructed to file additional briefs for the judge who will make a ruling on this case on monday. now, if eventually eminent domain is used to help struggling homeowners in richmond, the mayor says that that would all be funded in part by an investment firm in san francisco. live in san francisco, anne makovec, kpix 5. >>> san francisco is one of the most expensive places in the country to live. we know that. but today the city broke ground on some much-needed affordable housing. >> and i love to see the city's official bird on this site, the crane, of course. [ laughter ] >> the 75-unit project at broadway and sansom streets is for low income earners and some formerly homeless people, as well. it will al

wells fargo, bank of america, laying off. e number of layoffs in mortgage units at the big banks, now 22,300 trending around that level. stuart: that's real trouble for housing. stay there. i'll be back later. that's a back drop on your money on this otherwise somber, the 12th, this is the 12th on anniversary of the september 11th terror attacks. in a moment we are going to take you to the floor of the new york stock exchange where they will observe a moment of silence. please remember, that 12 years ago the new york stock exchange shut down. the attack came on a tuesday, the market was shut down for the rest of the week. by a miraculous effort it reopened the following monday and now let's go to the floor of the new york stock exchange where that moment of silence will be observed. here we go. [moment of silence] . [bell ringing] >> we should note that the financial industry was hit very hard 12 years ago, along with the new york fire department, the port authority police, the new york city police department. liz macdonald is

a bank like wells fargo, for example, which is the largest sba lender in the country. when the lender makes the loan to you, they come to us and say that your business, for a variety of reasons, may not be strong enough to get a loan without a guarantee. it might be a business that is too young or is a type of business -- say, restaurants -- that are a little riskier than they want to deal with, or you do not have the kind of collateral a lender is looking for. "an sba lender will be able to make the loan with a guarantee that sba will be able to provide. we probably will about 225 sba loans this year. at any point in time, we have about 1500 loans in san francisco that are sba loans. a lot of them are restaurants because that is one of the areas that is very typical because it is a riskier business. but a lot of people in san francisco see that as an opportunity for them as well. we also partner with the golden gate restaurant association to help people understand how to do financing for restaurants. a lot of what we do is helping small businesses get access to credit

banks to stop it. less than 24 hours after it was approved by the city council, wells fargo and deutsche bank asked a federal judge for an immediate injunction but the judge indicated yesterday the request was premature since richmond's plan is not finalized just yet. >>> more and more women are getting pulled over for driving drunk. new numbers show a 28% increase from 1998 to 2007. these female offenders are different than the men who are driving while drunk. researchers interviewed hundreds of offenders, counselors and law enforcement officials. and they found nearly all the women have gone through some kind of stressful event like a breakup or a death number family. some women drink too much to "keep up with men" > definitely social consequence of like you can pursued heart sciences, be the boss, be the president, why not drinking? why can't a girl drink? everybody else is doing it, why can't girls do more traditionally seen as a more male role model thing or male behavior. >> researchers also discovered 75% of the women who got duis were also on prescription drugs. >>> time now 6:10. new health concerns

. >> reporter: already, the banks are fighting the measure. wells fargo and deutsche bank are suing to stop richmond from using eminent domain but mclaughlin insists the law is on her side. >> we think we're going to win. >> reporter: that will be up to a judge. a hearing will determine whether the banks have a case or whether their lawsuit is premature and should be thrown out. in richmond, christin ayers, kpix 5. >> the mayor says richmond will be prejudiced from bankruptcy through something called joint powers authority and that means richmond will form alliances with other cities interested in similar programs. >>> happening today u.s. secretary of state john kerry arriving in geneva, switzerland a short time ago. kerry will speak with russian officials about syria. the united states is looking into russia's proposal to have international inspectors seize and destroy the syrian government's chemical weapons. the meetings are scheduled today and tomorrow. >>> so while kerry is in switzerland, "new york times" readers are waking up this morning to find

td bank, american express have never allowed joint account hold erstwhile bank of america, wells fargo, u.s. bank and discover still provide customers with this option. >>> and finally a wine maker in florida is showcasing a ridiculously expensive wine. a bottle will cost about $168,000. technically it's not even a bottle. the wine is stored in a sealed glass vial which the wine maker says will help preserve the quality. there's no cork because there's no opening in the glass. the chief wine maker says the company will actually send someone to you to open the vial whenever the owner wants to drink the wine. >> what? >> that's ridiculous. you think cool mountainsides where you grow grapes? florida? who knew florida grew wine. >> it's not even that. it's ridiculous. >> they're not growing it there. that's where they're based. >> what is the vial made of that adds up to $168,000. >> it's the most precious wine you can buy. but people are crazy about their wine. people with money are going to be saying uh-huh, sign me up. >> i don't think the guy in south carolina looking for the hot dog b

if you'd like to help, contact your local wells fargo bank. >> a federal judge in baltimore has clearedg tuesday challenging the new maryland gun control law. that's the same day the law takes effect. gun rights advocates are seeking a temporary restraining order and attempting to block the measure unconstitutional grounds. the response to the complaint must be filed monday. the governor believes the new measure is constitutional and legally defensible. all sortsw has passed of reviews, constitutional muster and, for some people, they are so ideologically committed to the notion there should never be any gun laws, some of them will inevitably file suit and we think it will withstand any challenge. >> the lawsuit does not challenge the provision for first-time gun buyers to submit fingerprints. a lawsuit yesterday does citing a huge backlog of gun applications. it seeks a 90 day delay. is on the way for maryland law enforcement in the form of a new federal grant worth nearly $2 million. the u.s. department of justice announced the grants to hire school resource officers and fill critical

bank of new york mellon, have been challenging the city and m.r.p. in federal court. mayor mclaughlin and a group of supporters gathered outside wells fargot month and demanded the bank and other lending institutions stop their legal actions and work with the city. >> this is building to be a national movement. there are many cities like richmond that and are suffering big time. >> reporter: at the end of their seven-hour meeting last week the richmond city council voted four to three to move forward with the eminent domain plan. but city leaders, including mayor mclaughlin, say they are still hopeful they can work out some kind of agreement with the banks and bondholders using eminent domain only as a last resort. >> ifill: a postscript: earlier this week, a federal judge in san francisco dismissed the investors' lawsuit against richmond and m.r.p., saying the case had been filed prematurely. but he did not rule on the merits of the case. >> woodruff: now to the remarks made by the pope and the unusually blunt language he used about the state of the catholic church. jeffrey brown has more on the story. >> brown: the pope's words came in

told big banks he won't stop the city's plan to use eminent domain to take over homes with underwater mortgages. less than 24 hours after the city council approved the eminent domain plan, wells fargo and deutsche bank asked a federal judge for an immediate injunction. but the judge indicated yesterday that the request was premature since richmond's plan is not finalized yet. >>> 5:09. a sign that the housing market is pretty good if the silicon valley these days. still to come, a look at how potential buyers are being treated to luxury. >> and for most people it's a delicious ingredient. but it's suddenly deadly for sea creatures off the coast of hawaii. >> thick fog around the bay area today, a lot of drizzle toward the coastline. what about the weekend? we'll talk about it coming up. >> and we are checking the ride on highway 4. pretty good so far coming off of the antioch bridge. we'll have your latest travel times and check mass transit. that's all coming up after the break. ,,,,,,,,,,,,,,,,,, >>> good news for minimum wage workers in california. your paychecks are about to get bigger. the senate and assembly passed a bill to raise it to $92,014 and $10 by 2015 -- race it to $

. >> the fate of >>> the axe falls again at wells fargo. the banklans to layoff 1800 employees from the mortgage department with rates rising fewer people are refinancing. the dow snapped a four-day winning streak today. jp morgan chase fell after agreing to pay a $920 million nine a trading scandal. and disney parent company of abc 7 dropped after announcing would it have no pixar movies to release next year. google opened its wallet to iphone users today until now, only for an droid phones and let's you store loyalty in your phone and scan discount coupons you can buy things from your phone. >> tonight a big fashion show in san francisco raising money for the treatment of aids and hiv. it's a fashion show at and this year's theme is nation a you new light. >> great thing is that there is something for everybody. for men, women, for avante garde to tro decisional. >> it's afun night. >> there is also music cheryl grow and cirque du soliel will perform, local causes will benefit from the show. the annual show donated more than $30 kblinl to services

.® >>> the axe falls again at wells fargo. the banks to layoff 1800 employees from the mortgage department with rates rising fewer people are refinancing. the dow snapped a four-day winning streak today. jp morgan chase fell after agreing to pay a $920 million nine a trading scandal. and disney parent company of abc 7 dropped after announcing would it have no pixar movies to release next year. google opened its wallet to iphone users today until now, only for an droid phones and let's you store loyalty in your phone and scan discount coupons you can buy things from your phone. >> tonight a big fashion show in san francisco raising money for the treatment of aids and hiv. it's a fashion show at and this year's theme is nation a you new light. >> great thing is that there is something for everybody. for men, women, for avante garde to tro decisional. >> it's afun night. >> there is also music cheryl grow and cirque du soliel will perform, local causes will benefit from the show. the annual show donated more than $30 kblinl to services pr

wells fargo and deutsche bank are suing the city and will square off in court if the first time tomorrow. >> pg&e has reached settlements with all but two people who filed suit over the 2010 pipe line explosion. it deploys 38 homes and killed eight people. pg&e says it reached agreements with nearly 350 victims between last friday and monday. monday was the third anniversary of the disaster. a lawyer who represents 26 vinals says that they settled because pg&e agreed to pay amounts that finally make sense. to a regulatory filing the company says they expect to pay a total of $565 million in claims and still faces two to four billion in fines from the state. >> we are facing a cooler day and we will check with mike nicco. >> we are. temperatures will be cool again. even below yesterday. when you step out this morning we are a understand warmer than yesterday. we are eight miles at half moon bay and santa rosa and a lot of low clouds but not much in the way of fog. there is drizzle out there this morning but not so much as yesterday. we start off at 56 in palo alto and belmont and foster c

according to the banks, plenty. wells fargonaudible ] were the first to take the city to court. the banks declined our request for an interest. but their concerns are echoed by more than a dozen financial industry trade groups. ryan reid is chief economist for the investment company institute. we have 5500 families working and saving for retirement, and we have 24 million americans who are all invested in mutual funds and pension funds that own some of these securities that we're talking about. >> steven is the executive chairman of mortgage resolution partners, the firm advising fee for every restructured mortgage. >> to the investors i would say it's a fair value offer. you are going to receive cash in lieu of a piece of paper, and primarily a toxic piece of paper, so you would be better off having a liquid return of your capital. >> the lawsuit also claims the plan could hurt the entire u.s. mortgage interest. >> this is going to damage this market quite considerably, because investors will not want to invest in these mortga

wells fargo and deutsche bank have sued to stop that plan. a federal judge in san francisco will hear both sides and issue a ruling. >>> time now, 4:40. the eastern span, pretty nice to look at, but costing a lot. the new cost overrun for the new bay bridge. coming up at 5:00, why the bike path is costing way more than first expected. >> john kerry, in high level talks this morning to disarm syria. the russian plan to remove all chemical weapons. >> good morning. right now, traffic is doing well around the bay area. as a matter of fact, you can look at highway 24 and see for yourself, it's a nice drive between walnut creek and oakland. >> lot of drizzle out there. in fact, temperatures continue to be on the mild side, so a little warmer today and we lose those higher clouds off the sierra yesterday. mçó4+y?i unbelievable. shhhhh! in our day, we didn't have u-verse high speed internet. yeah, our babysitter didn't have a million ways to serve mom up on a silver platter. we had to count sheep to fall asleep. and i always worried that i was creat

. >>> another round of job cuts is about to hit workers at san francisco-based wells fargo. the bank it has to cut 1800 jobs from its mortgage business. the cuts are nationwide. it's not clear if any jobs will be lost here in the bay area. just weeks ago the bank eliminated 2300 jobs from the same unit. >>> wall street is expected to slide a little bit when today's session starts in 45 minutes. dow futures are off this morning and wendy gillette of cbsmoneywatch.com joins us now. wendy, happy birthday. >> reporter: oh, thank you so many. i really appreciate it. [ laughter ] >> reporter: going on to stocks, they were mixed yesterday after setting record highs on wednesday. the dow lost 40 points, the nasdaq gained five. gold prices soared 4% its biggest one day jump in five years since the financial crisis of 2009. the house has voted to cut almost $4 billion a year from the nation's food stamp program. but the bill is unlikely to pass in the senate. one in seven americans uses food stamps. >>> the postal service may need an emergency rate increase to stay afloat. the postmaster gener

morgan chase, wells fargo, bank of america, morgan stanley, goldman sachs. of these banks go under, we would still bail them out? >> i wouldn't say citigroup is back on its feet. it is better than it was but none of these banks are making a lot of loans because they still have issues on their balance sheets. if we still have a bad economy, if we go into a recession, if interest rates go up, all those banks are going to be losing money. >>brian: great to see you. soon we'll get you on the couch. until then, you're the first in the interview area. two minutes before the bottom of the hour. next on our rundown, the trial for the september 11 mastermind could be delayed even more. and the reason? computer problems. and take a look at this dramatic picture. two men clinging to their boat -- get this -- for eight days. what went wrong or was that the plan all along? ♪ ♪ ♪ [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional bett

bank. as. >> mortgage rates are higher fewer are refinancing so wells fargo is doing away with 1,800 more jobs. this is in addition to 3,000 job cuts at the san francisco-based bank. wells fargo said they could see 30 percent drop in home loan origination because of refinancing drop. jobless claims are out and they rose a little bit here. computer system change over in california and nevada largely responsible for that. we saw it down last week but the markets are barely moving after hitting record highs for the s&p 500 and dow yesterday. the silicon valley index is trading slightly higher. do not expect a big pay raise unless you are a top executive. the average pay raise for 2014 will be about 3 percent. executive bonuses will remain flat with bonuses at 42 percent of management paycheck. >> thank you, jane. >> are you ready? are you ready for warm weather? >> i thought you were talking football. >> are you ready for some football? what do you think? >> warmer weather is on the way. i will show you what is going on. winds are very light but i want to talk about what will happen this afternoo

. >> federal judge deny motion by wells fargo and deutsche bank to place injunction on riff monday toif make foreclosure. richmond warrants to use them to force the sale of the under water morning imminent domain is typically used to acquire about land when the owner esn't want to z.the judge will decide when to dismiss or state injunction motion. >> twitter is going public exploratorium base social media company revealed today it filed confidential documents for initial public offering. twitter taking advantage of federal legislation passed last year that allows company with less than 1 billion dollar in revenue to the avoid submitting documents publicly. that could help it avoid the kind of public advertisely when facebook went public last year. twitter revenue comes from advertising estimated to be about 5 82 million dollars this year. appropriately twitter made initial nouns in the meantime a tweet that read we have confidentially submitted an f 1 to the sec for planned i p o. tweet doesn't constitute an offer of any security for sale. twitter posted folt of the officers with the

that lawsuit was brought by wells-fargo and deutsche bank. >>> the parents of the 49er fan who fell tohis death at the game last weekend say their son was a lifetime fan, and was enjoying the game with his brother when he died. he died sunday after he fell from the jamestown walkway. this is kevin on the right, with his brother jeff. his parents tell ktvu they are now preparing for the burial of one son, and the marriage of the other. hayes was scheduled to be the best man at his brother's wedding this weekend. >>> new information tonight on a story we have been following since monday about accusations of dog abuse. police today released the identity of the woman seen in this video. they arrested rohanna. she is in custody for an outstanding warrant from monterey county. animal control officials say they have her dogs, and are now examining them for signs of abuse. >>> continuing coverage tonight on this 12th anniversary of the september 11 terrorist attacks. tonight, twin beams of light mark the spot where the twin towers once stood 110 stories high. the horror of september 11, 2001 r

that lawsuit was brought by wells-fargo and deutsche bank. >>> the parents of the 49er fan who fell tot the game last weekend say their son was a lifetime fan, and was enjoying the game with his brother when he died. he died sunday after he fell from the jamestown walkway. this is kevin on the right, with his brother jeff. his parents tell ktvu they are now preparing for the burial of one son, and the marriage of the other. hayes was scheduled to be the best man at his brother's wedding this weekend. >>> new information tonight on a story we have been following since monday about accusations of dog abuse. police today released the identity of the woman seen in this video. they arrested rohanna. she is in custody for an outstanding warrant from monterey county. animal control officials say they have her dogs, and are now examining them for signs of abuse. >>> continuing coverage tonight on this 12th anniversary of the september 11 terrorist attacks. tonight, twin beams of light mark the spot where the twin towers once stood 110 stories high. the horror of september 11, 2001 remains fres

banks are already fighting this idea. that brings us to the hearing today. wells fargo and deutsche bank are suing the city of richmond saying the use of eminent domain in this case is unconstitutional. the judge will determine today whether the banks have a case or if this is all premature. frank? > so anne, where's all the money coming from? can they afford to buy all those mortgages, the city of richmond? >> reporter: well, the plan is to partner with an investment firm in san francisco which would basically front the money to buy these properties. now, there's also some concern that the city could go bankrupt if it's having a legal fight with these banks. we'll talk more about that coming up in the next half hour. >> okay, anne makovec, she's live for us in richmond this morning. thanks. >>> move over, cars. a plan to bring bullet buses to van ness avenue in san francisco could leave most drivers in the dust. kpix 5 reporter cate caugiran has more on the plan. cate. >> reporter: michelle, you know, this stretch of van ness does double duty as also highway 101 and du