of justice. the occupied movement marched from market to montgomery street. a coalition group marched on wells fargo. >> wells fargo, bank of america, they are not hurting at all while everyday cities are being forced out of their home and city at an alarming rate. >> reporter: this time, protesters blocked the doors at the wells fargo headquarters. >> i'm not security. >> reporter: an employee did not want to give his name but did give his opinion. >> most people did -- if you look at it, wells fargo did a good job. >> reporter: one woman said she missed work so she could be here. getting into the building still was not obstacle-free. >> i'm julie ann. >> reporter: some protesters had a drum circle. this group had a baby circle. they brought their kids and complaints. one parent seemed to touch on why mainstream americans are protesting, too. >> we're all living the train wreck. we can't afford to be with our children and to be with our families and to afford a normal, middle-class life. >> reporter: all right. right now, people are banging on the front glass window here on montgomery street. they just got an order to move somewhe

bank. commissioner borden: i wanted to, again, set a couple of last things. both wells fargo and bank of america are charging hughes fees for checking accounts and people are looking for options. a lot of people are upset about the new fees. people need options and should not be forced to stick with someone who is not treating them well. that is something business accounts care about. we try to provide a range of services. there are other vacancies that other small businesses could be going into now. we cannot hold for retail space. we would love for reading to go in there. there are other places along the corridor. but they are not. i think there was a retail store before. the point is, for whatever reason, retail spaces are not taking some of these spaces. restaurants or other uses are moving into those bases. a lot of that has to do with the internet and the fact that people would rather buy things cheaper online. we have had people testify at hearings that people take pictures of the item in their retail store and then order them on line. we are lucky that overall fillmore is a thriving dist

. >> reporter: at the chase headquarters, wells fargo, bank of america, and goldman sachs, they're all stops for the march. leaders aren't giving a message because they say the golden calf speaks for itself. once they stop at all those banks they'll end back at justin herman plaza. they say this is just the beginning of a larger movement that these representatives from different churches and different communities plan to continue to work together to keep this protest moving in a positive direction. back to you. >> all right, christy, thanks. >>> meanwhile, the occupy protest in san jose has been taken to new heights. a protesters perched himself on top of city hall. he appears to be standing on a tall ledge. police are afraid to move him because he might fall. police have also been removing protesters in front of san jose citily hall. they arrested four people and tore down their tents. over the weekend two people were arrested, and another person was cited and released for camping out. >>> and there's a second eviction notice on the city's website saying the encampment is a violation

specifically, the top four are wells fargo, bank of america, chase, and citigroup, all of whom have $5.40 trillion in assets. compare that to smaller banks around the country which have $1.40 trillion in assets. smaller banks to a much greater job of supporting local economies and have a broader portfolio of loans to small businesses. almost four times the amount of these banks that have $4 trillion in assets. how can we figure out, as a city -- and this is something that is being grappled with at the state level -- how can public entities use their public dollars in a way that will help stimulate the local economy, and greater accountability for our financial institutions? that was the purpose of asking for the report from the legislative analyst. with the feeling out in the street, occupy wall street, occupy sf, oakland, all the other cities around the country where this is going on, we do not feel like we have been bailed out. main street has not had its bailout. fillmore has not had its bailout. mission street had not had its bailout. how can we create the conditions to support small

they will be hitting other banks, wells fargo and the bank of america and goldman sachs. they are going to perform a prayer or ritual at each location and march to the next one. video shot, they created a bowl to illustrate the bible verse about not worshipping false idols looking like the bull on wall street. it will be carried by men in suits to look like businessmen. the clergy represent a range of religious -- religions and communities from protestant, muslim, vacaville to santa rosa. 170 clergy members were confirmed today. it looks like they had a great turnout. the sf protesters say they were happy to see them. >> i think it is wonderful! i think we need more stuff like this. we need to connect with all aspects of the community, especially parts of the people like this. and i know occupy doesn't try and stand for any political or religious persuasion, that's fine this is a multi-congregational, multi-faith delegation. >> we are creating our own version of a lobbyist for the core and -- for the poor and middle class. we don't have a lobbyists, our representatives ha

they will be hitting other banks, wells fargo and the bank of america and goldman sachs. they are going to perform a prayer or ritual at each location and march to the next one. video shot, they created a bowl to illustrate the bible verse about not worshipping false idols looking like the bull on wall street. it will be carried by men in suits to look like businessmen. the clergy represent a range of religious -- religions and communities from protestant, muslim, vacaville to santa rosa. 170 clergy members were confirmed today. it looks like they had a great turnout. the sf protesters say they were happy to see them. >> i think it is wonderful! i think we need more stuff like this. we need to connect with all aspects of the community, especially parts of the people like this. and i know occupy doesn't try and stand for any political or religious persuasion, that's fine this is a multi-congregational, multi-faith delegation. >> we are creating our own version of a lobbyist for the core and -- for the poor and middle class. we don't have a lobbyists, our representatives ha

fargo. bank of america and wells fargo. banks are not making leaving easy. >> take a look it is you tube video protesters getting arrested to close their bank account with citibank. they are to no---showing that make of ama is showing that new fees are charging $5 per month for using your debit card. in addition, the housing crisis. there is a reporter future profits of people of lost their homes. while some customers have left, some credit unions are trying to cash in on disgruntled calkesha- customers. >>catherine: the police chief are commenting on the medical marijuana. >> charles clifford, i will have your full story of the officer assault. >>reporter: a double homicide coming up when kron 4 news, continues. >>catherine: it was still a robber gets $4,000 worth of jewelry. >>gabe: your cellphone overages my tech report. >>jacqueline: a great day of their but a cool down, coming up. . in the last 24 hours we have seen a 15 degree difference. the >>jacqueline: welcome back. with 8 degrees warmer in the san jose these warm

point lead at the top of the table want to been scoring have done so far this season city of fargo bank of america on thirty three occasions and just nine league games a month cine isn't underestimating their opponents. every day that would be against what is available over the last year we who it was. was a. wee wee. wee bit down for three by thing that has to offer amir the chance on the floor for him but it probably will be that we can because from what we can play. against united we think that we can play fifty percent against world isn't likely if we don't play seriously as you know maybe we can have a program. boxing legend it's obviously course says as much talked about retirement is just around the corner would be occurring in heavyweight says he's got another couple of fights left in him for he eventually hangs up his gloves but forty klitschko once again retained his w.b.c. belts against poland's tanishaa bhaumik in september we also help with the rubio crown eleven years ago his career record stands two defeats in forty three wins including an incredible forty not counts apart from his

customers at wells fargo and bank of america are among those who can ask for reviews. >>> the on going economic troubles have put at didn't not market. the median price for a new home in august was $209,000, down some $40,000 from the record highs in 2007. there's one segment that has been affected. that's the luxury home. there's a new accessory, a separate play room for the kids. >>> holiday travel is about to get more expensive. if you haven't booked that ticket, you can pay mormt united and continental are raising fares by $10 for a round trip ticket. this is the 18th attempted domestic air hike of the year. >>> mcdonald's rib sandwich is back. it will be available through november 14th. mcdonald's said the responses with so great last year, that they decided to bring it on back. it's a 500 calorie sandwich dressed up with pickles, onions and barbecue sauce. it has inspired a cult like following. >>> coming up, the centers for disease control fond a new use for the hpv vaccine vaccine. coming up, we'll explain who they want to get the vaccine now. >>> and the occupy movement isn't

bank of america. >> i'm moving $150,000 from wells fargo to a credit union. >> both wells fargo and bank of america issued statements to abc news today citing what they call extensive efforts to help home owners. bank of america noted 193,000 mortgage modifications in california since 2008. wells fargo says since 2009, nationwide it has completed or is still working on more than 700,000 mortgage modifications. as the occupy wall street movement gains momentum, though, many activists predict specific economic strategies aimed at big banks will continue and smaller community banks may benefit. >> credit unions are fair, they are local. they revest in the local community and that is why i choose a credit union. >> a bank of america representative told me she was both sorry and surprised that the church has decided to close its accounts and that someone would personally meet with church officials to address their concerns. the pastor told me until and unless the bank changes its foreclosure policies the decision has been made. >>> a big step toward recovery today for the san bruno neighborhood devastate

target for the number of new customers it hopes to get from the campaign. >> bank transfer day appears to have won the campaign against 2 major bank, chase and wells fargo o. bank of america still mans to charge the fee. this is abc 7 news. >>> another movement to talk about tonight. medicine marijuana activist in san jose are claiming the first victory in the fight to over turn the city new rule on pot club. they rolled 17 boxes containing nearly 50,000 signature into the city clerk office today. nearly double the number of signatures they put to the issue, they put the issue to before voters. >> we the people are telling the city council that they must listen to us. because in our opinion this is really a crisis of democracy. >> we do need regulation and hope now to come up with workable regulation with cooperation from the city council. >>reporter: again more than enough signature to put the issue before the voter. the ordinance limits the number of medical marijuana businesses to 10. activist want to increase that number. once the signature are verified the council will have the option of newly finding the new ordinance or putting the issue on upcoming ballot for vote

we currently bank with three banks, bank of america, wells fargo, and union bank. given the occupy sf and wall street protests happening around the world, there is a lot of focus on the lack of accountability on those three banks at least. how did we come to the decision to go with those three banks? what flexibility is there to make changes in that arrangement? >> a lot of where our accounts set is due to history. technically, these 133 accounts are spread across three banks, but the overwhelming majority are with bank of america, simply because that is the relationship the city has had the longest. your question about what we can do about reing gauging and thinking about changing or completely replacing any of our current relationships, that is what this rfp is about. it is not that easy to move 133 bank accounts. if you think about how often we think about moving our accounts from one bank to another, it is not something that we do every week or even every year. similarly, it is a lot of work to set up these accounts, make sure that the millions of transactions t

of the national lenders alliance. >> i have spoken with people at gmac, wells fargo and bank of america as well and our corporate office at allied home mortgage and no one has heard any rules or qualification guidelines for this program. >> it is going to still be a good program for the people what receive the loans. >> reporter: these are people that aren't selling their house, they are refinancing. the only way it is going to help the housing community is if it keeps prices from dropping. >> reporter: about 10 million american homes are underwater. this new program is projected to help 10% of those homeowners, leaving the other 90% desperately looking for something else. >>> nationwide nearly one in four homeowners who have a mortgage it is underwater. 22.5% of homeowners owe more on their homes than the homes are worth now. that is down just slightly in the last three months. in the district 14% of homeowners are underwater. the worst state in the nation? nevada. 60% of homeowners there are underwater. the best state? new york. 6%. >>> 6:15. howard bernstein is here. we have had some stores move through the area. do

banks. financial shares led the gains with citigroup, wells fargo and bank of america all adding 3% or more. at the close, the dow jumped 102 points to end at 11,518. it had been up more than 200 points earlier in the day. the nasdaq and the s&p 500 each added almost 1%. the federal reserve released the minutes from its latest policy meetings a few hours before the close. they showed the central bank did consider a new round of quantitative easing but ultimately chose to go with operation twist which aims to lower yields on long-term bohn bonds. three objected to taking any new measures at all. all fed members agree that while growth was slow, the u.s. does not appear to have entered a new recession. coming up thursday, vests will get new numbers on weekly jobless claims and earnings season starts picking up steam with releases due out from jp morgan chase and google. that's a wrap on the day on wall street. i'm allison koison kosik in new. >>> lawmakers approve three trade deals in a bid to boost america's presence in the global market. now, the white house estimates the deals with south ko

bank of america. >> pay off whatever checks you have and withdraw all of your money. >> bank wars! >> reporter: while bank of america, wells fargo sun trust and regions financial are sticking with their plans to charge customers a monthly fee for debit card purchases some of their biggest competitors have decided not to go along including u.s. bancorp., pnc, citi. chase is abandoning its plans. >> this was a netflix moment for bank customers. they have been hearing about one new fee after another and this one was the one that tipped them over the edge. >> reporter: experts warn, look out for so-called stealth fees for receiving a paper statement, for using a teller, fees for not using your account enough and fees for not maintaining a large minimum balance. >> even a bank that doesn't increase the fee if they increase the balance requirement that's a stealth fee increase right there. >> reporter: fees that wealthier customers can often avoid. many were add after congress cut in half the amount of money banks could charge merchants for accepting debit cards. >> it's going to cost the banking industry a billion dollars. we all kne

of the national lender's alliance. >> i've spoken to people at gmac, wells fargo and i think bank of america as well and no one has heard that i know of any of the actual rules or qualification guidelines for the program. >> reporter: but once they get the details of who will qualify. >> it's still going to be a good program for the people who receive the loans. >> reporter: the housing market? >> if you're refinancing people, these are people that aren't selling their house. they're refinance tion. so the only way it's -- they're refinancing. so the only way it's going to help is if they're not selling the house how is it going to help tt prices. >> reporter: we reported 10% -- we reported that 10 million american homes are now under water worth less than their mortgage amounts. this new program is projected to help about 10% of those leaving the other 90% of homeowners desperately looking for something else. derek and anita. >> thank you, gary. >>> well, new at 11:00, tonight a family in loudoun county is homeless after their house went up in flames. arthur chin was there when the fire began. it began around 5:30. now

banks are accused of charging veterans a legal fee to refinance a home loan that bank of america, did the morgan chase, and wells fargo along with 10 other banks accused in a whistle blower lawsuit of billing for attorney's fees or selma closing costs even though they are barred under department of veterans affairs programs. they're seeking $11,000 on behalf of each violation filed in 2006, but has been recently unsealed. no comment back to us from the three banks mentioned. stock-index futures unchanged. ben bernanke testified yesterday before congress. he says the federal reserve is prepared to take further action and is pushing monetary stimulus if needed. republicans are concerned that he is standing inflation. you'd think news of the apple iphone come to spread would be good news for the company, but not exactly. i will explain in my next report. for now that is business news at bloomberg headquarters in new york. linda bell reporting for abc 7 news. back to you. >> thank you. >>> apple fans did not get quite what they are expecting yesterday. >>> 53 degrees. >> still ahead calling it quits before even starting.

really what the large banks have done is put together teams of professionals who did nothing but small business lending so that wells fargo, bank of america's of the world, they would have small business units because it was especially and it had especially because it was so complex. they didn't have the human capital or the money available to develop that area of expertise. so they asked us to please do whatever we could to simplify the process. we also heard that one of the things they focused on is micromini. they do a lot of microlending. we heard some great stories about loans under $100,000, how successful they've been used. when i asked them if they knew about the program, one of the things they said they had looked at it but that the paperwork for $50,000 loan was almost the same as the paperwork for a million dollars loan. the time and investment had to make in setting up that loan wasn't worthwhile. to assess to please take a look at anything, if anything, looking at making microlending somehow streamlined. so that they could do more of these things. this was a large majority of the loans they were issued to the businesses in that

federal says it doesn't have a target of the number of customers it appears it's a campaign against chase and wells fargo but that leaves bank of americat still plans to charjt fee. >> and there is a wonderful weekend ahead. >> we do. halloween is coming. >> weather going to hold like this throughout the skbeekd into perhaps the middle of the week. >> there is a live view right now, from our camera looking at sutro tower, clear skies. sun just set officially. and there is this afternoon, skies were bright as well. how about high temperatures today? there two spots santa cruz and santa rosa. highs 78 degrees and highs 77 in clover dale and 70s around the bay area. 73 the high here in san francisco. there is 6234 san francisco. there is a path of low 70s here from redwood city and mountain view northeast ward. and there is 69 in los gatos, cool nights, warm afternoons for next couple days. mild conditions for halloween and things turning cooler late next week. there is a huge ridge of high pressure with this dry, mild pattern, forecast animation starts at 5:00 in the morning fitting into chilly mornings, mild afternoons. and there are su

bank autos today i stand here with the community and in my nine-year rip. >> i am moving $150,000 from wells fargo to a credit union. >> and bank of america, enough. >> a community group is laumpbling the strategy as a way to pressure banks into increasing loan modifications. this church says it's closing two accounts with bank of america and moving $3 million in account activity to a credit union. >> the word spreads. the word will spread. >> bank of america issued a statement to abc 7 saying it was sorry ask surprised to hear the church is unhappy and went on to note it's modified 193,000 mortgages in california since the housing crisis began. as it gains momentum, this group is convinced that this can have an impact on changing policy. >> i feel like they're using my money are not closing on our people. >> bank of america representative told me they would be happy to meet with official asks address concerns but today, or anyone else want to close accounts the bank will work with them to do so. in san jose, abc 7 news. >> our viewers have a lot to say about the movement. i'm one of the 50 million the government cannot help with extending our unemployment and i

of the biggest banks like j.p. morgan bank of america wells fargo fraud returning veterans out of hundreds of millions of dollars based on rules and within the budgets administration banks can't charge veterans for attorney fees or in home refinancing procedures so they get around that rule bankers just renamed the fees and hid them somewhere else to make sure that they could suck as much money as they could out of our nation's service. all street simply has no shame and they wonder why the rest of us the ninety nine percent are upset that's very clearly. coming out the protesters on wall street love her or hate him i guess weigh in with their thoughts after the break. what drives the world the fear mongering used by politicians who makes decisions come to treatment breakthrough get through it if you have made who can you trust no one who is in view with a global missionary see where we had a state controlled capitalism is called sasha's when nobody dares to ask we do our t. question more. fear. the events of today in new york city will only heighten the attention on the occupy wall street movement that already some o

bank of america, wells fargo are among those who can ask for the reviews. >> is this a sign that the housing market is stabilizing? home prices are up nearly half of all cities. the index of says it is the fifth straight month of compresses pre the biggest gain in the district of columbia, chicago, and the detroit. the biggest losses in atlanta and los angeles. >> toys r us is already in the holiday spirit. it will give reward members 10% back on purchases made from october 30 through christmas eve. rewards members can also earn discounts with a super sabres past. the past gives them more in savings with special coupons. >> we are going to model this one. we will release it and made it january. anybody who did not like today's whether please raise your hand. let me show you what it was like on top of skyline drive. is it that a great picture from the geological survey? they have a station up there that watches the changes in plans and when they change color. it is pete color out there right now. let me take you to skyline drive. what a beautiful day. you can watch as it goes through.

bank of america and wells fargo among the banks expected to release results. last week jp morgan chase. banks may offer more bad news because of weakness. also a busy week for economic reports including the latest on inflation and home sales. the stock market coming off the best three week game since july of 2009. stocks rallying on strong earnings from google. the dow standing this morning at 11644. climbed 166 points on friday up almost 4% for the week. the nasdaq added 47 points per gain, on 7 cents for the week. the nasdaq rose 21 friday. the national association of letter carriers was hiring its own financial consultants. they are going to study the future of the postal service. the agency lost $8 billion last year and is proposing cutting mail delivery to five days a week. cutting as many as 200,000 postal positions. internet video chad service skype is now officially part of microsoft. the two companies joined forces last thursday. that is when microsoft completed its $8.5 billion buyout of skype. mix soft is count go on skype to give it a bigger preside

america. chase bank, well fargo and bank of america talked about imposing this debit card fee. if they decide they want to penalize their customers and nail them $5 a month and $3 a month, that's their decision, but i what happens next is bank customers across america realize they have the right to change their banks to move to banks that aren't going to nail them with these fees that are driven by greed. there's good news. there's thousands of banks across america for people to choose from, thousands of credit unions. many of them have already stated publicly they're not going to join in with the bank of america of nailing their loyal customers with a debit card fee. the press democrat newspaper in santa rosa, california, friday carried an article saying -- quote -- "local banks say no to debit card fees." the article lists a number of local banks and credit unions that would not copy the bank of america strategy. the article quotes tom durrier, and he said it's not something we want to do to our customers. i'm not going to nickel and dime people over five bucks. that's a man

here are the banks that plan to tack on fees for at least some of their customers. bank of america, sun trust, wells fargoming here the growing ranks of those reporting they will not chase joining city bank, pnc and others. this as small community banks report a boom in new customers fed up with the big bank fees. claudia cowan is live tonight in our san francisco newsroom. hey, clawed yanchts after eight months of consumer testing chase bank concluded that charging customers to spend their own money really cannot make a whole lot of sense. a number of other big banks in agreement on that one even bank of america telling customers they can avoid that monthly debit card fee if they keep a minimum balance for instance or use a b of a credit card. neither bank of america or wells fargo are abandoning the new fees idea all together even as americans coast to coast demonstrate against corporate greed. crisis management experts say those banks moving away from new debit card fees are doing pure damage control. >> banks see they have a credibility problem with the public. backlash from the possibility raising he

i've seen so far, the surcharges of $5 a month, $3 a month are most low the major money center banks. whether it be the city banks or the wells fargos or the bank americasany, many smaller banks, regional banks, credit unions are a great place, internet banks. don't be scared of internet banks anymore. they've become very much like breck and mortar banks. they have checking accounts, very low fees. shop around. if you're uncomfortable shopping around, you don't like to make the phone calls, have somebody help you. maybe your grandson or granddaughter could be a fun project to do. >> rick: if you have an internet bank, can you get an atm card through that bank? >> absolutely. there is many of them that do. they operate just like a regular bricks and mortar bank. it's not as scary. you don't have to be some expert on the internet anymore. that world is changed very much. and because they don't have 500 or thousands of branches, they have a much lower cost structure and can oftentimes offer you a much better deal. >> rick: we have about 30 seconds left, these debit cards, folks like them because it's easy to keep track of your finances with them. the money

they have targeted bank of america along with chase and wells fargo. >>> but a technical glitch today on bank of america's website left millions of customers without access to their money. it comes a day after the bank announced a new $5 debit card fee. on the consumerwatch, julie watts explains how customers can teach their bank a lesson. >> we're the little people. >> reporter: that's the sentiment of many who feel helpless following yesterday's announcement that b. of a. will be the first as to start charging you to use your debit card. >> reporter: one says it's time to find a new bank? >>> reporter: and that's the sentiment of many who feel helpless following yesterday's announcement that b. of a. will be the first to start charging you to use your debit card. >> that's not fair. ain't gonna pay. >> reporter: but for others the fee is sparking outrage. one bank of america customer writes cbs news, good-bye, bank of america. it's time to find a new bank. another writes, the new bank fees are ridiculous. that's why i joined a credit union. and san francisco federal credit union's c

banks know that they're going to get bailed out. when moody's downgraded wells fargo, citigroup, and bank of america, they said, now we used to thinkn that the government would bail it out, now it's only very likely that the government will bail it out. riskiness doesn't have an economist -- >> which is a breach of market principle, that's not a left/right issue, that goes to the concept of platinum citizenship. >> didn't we learn this since savings and loan, since the homestead. this has gone on and on, we keep bailing out these massive corporations. i think there's some value to the tax, i agree with you, you don't just want to take some of what they're robbing, but it may disincentivize. >> the robbery. >> it may disincentivize certain behaviors. >> but the bigger point is that banks, to bill black's point, are essential to our country. hating banks is like hating the government. the government may have reason to be hated, as do bapgs, but if you're going to have warehouse money and then allocate money into the collaboration and problem solving, you need a capital market and financial system to do that, the same way you need a g

bank of america. >> i'm moving 150,000s frdz wells fargo to a credit union. >> those wells fargo issued statements to abc 7 news today citing what they call extensive efforts to help homeowners, bank of america noted 193,000 mortgage modifications in california, since 2008. and wells fargo says since 2009, nationwide, it has completed or is still working on more than 700,000 mortgage modifications. as the occupy wall street movement gains momentum, many predict the economic strategies aimed at big banks will continue and smaller community banks may benefit. >> credit units are local and that is why i choose credit unions. >> there is a representative that told me he was both sorry ask surprised that the churches decided to close accounts and someone would meet with officials to address their concerns. the pastor told me that until and unless the bank changes its policies the decision has been paid. >> thank you. and the occupy wall street movement is spreading to the suburbs as well. demonstrators took to the streets today in one of the most afluent communities in a county with one of the highest rat

to the streets of los angeles demonstrating in front of several bags here in downtown los angeles wells fargo chase and ultimately their bank of america where we saw ten people get arrested for trespassing now like we said here in d.c. or like you reported earlier where in d.c. the protesters don't have any plans of letting up anytime soon that is the sentiment that we are getting here in los angeles where the demonstrators say that this is not just a one day thing this is just the launch of something bigger and see the protests happen in new york and in washington d.c. and think that this is just part of something much much larger and ramon we're showing this video that you just brought back to the studio. not long ago on and looks like there are quite a few people outside that bank there certainly getting big i know you and i on both worked in southern california you don't see people protesting very often and it's pretty rare i got to ask you though ramona what happened when people went into that bank with that check. well you we could tell you that these protesters marched through a large part of downtown los angeles right in the m

. >>> banks are deciding that charges customers to use their debit cards is not a good idea. chase and wells fargo are dropping their debit fees and bank of america is exploring ways for customers to avoid debit card fees. it was b of a's plan to charge $5 per month for debit card use that sparked a consumer backlash. >>> we are enjoying very mild weather here, but it is quite a different story on the east coast. >> it sure is. and sandhya patel is here with both stories tonight. >> that's right. let's tell you the story of the major winter storm that is developing back east. it is a mixture of rain and snow, and it is going to move up the mid-atlantic and up to the new england area. the northeast is going to get pounded with winter-like weather up to a foot of snow is expected. gusty winds are developing, and this is early. it could set some october snowfall records. obviously they see the snow in the winter time. by contrast, look at our weather. it was a sunny day and a warm one. by late october, it was 75 in half moon bay and 73 in san francisco. upper 70s around santa rosa and napa and concord and oakland. in the mid70s today. 77° in livermo

a new jersey man accuses bank of america, jp morgan chase and wells fargo for conspiring to fix fees when they use out of network atms. the banks are declining to comment. as for trading reports the european leaders are at an impasse over bailout talks. that sent stocks lower late in the session. the dow lost 72.5 points. the nasdaq was down by 53 and the s and p 500 off by 15.5. later today expect reports of weaker jobless claims. yesterday there was a 15% jump in new home construction last month. >>> now instead the arlington county board approved the construction of boeing's new regional headquarters in crystal city. board members ignored the recommendations of the planning and transportation commissions. the defense giant will move 500 employees to the new headquarters' construction expected to start next month. >>> you may think wall street with the wealthiest folks in the country but according to the latest census figures, that's far from the case. our area is now number one in the country when it comes to the average household income. take a look at these numbers. it would be a

banks. protesters plan to march on the offices of five major banks. today, they say they're going to deliver hows of letters to top board members of bank of america, morgan stanley, wells fargo, citigroup and jpmorgan chase. wall street ceo who says he's part of the 1%, confronts the occupy protesters who say they represent the 99%. demonstrators argued that the wealthiest 1% of americans keeps getting richer while the other 99% struggle. peter shift and a camera crew went to the park in new york to challenge him. >> no. >> we're in the 99%! >> wouldn't you like to get into the 1%? you don't want more money? if i offered to put you in the 1% right now -- >> and i would pay my share and get rid -- >> okay, hold on. >> immediately, immediately! >> investors are taking a step back after yesterday's huge rally. well, the dow fell 25 points in early trading. right now, it is up six points. it is encouraging. october shaping up to be the best month for the s&p 500 since 1974. the dow industrials are are up almost 1300 points this month. >>> well, tunisia, anger over the country's election now turning to violence. supporters of the popular petition party attacked an office of the p

forced into a restructuring of jpmorgan and citigroup and a restructuring of wells fargo or the elimination of bank of america? >> they are the ones who are not going to get paid. when you say we are going to take your mortgage 200,000 to 100,000, the person or institution that will not get that $100,000 is one of two groups. either the banks that i referred to or the teacher pension or the policeman's pension or the judge's pension. the same way that germany said we don't want to structure the debt and bail out greece and we find out they are the ones who are not going to get paid. that is the black mail aspect. the teachers and the police and the judges and the pensions are tied to the repayment of the mortgages by restructuring the mortgages. you also punish the pension holders on a level that is intolerable. >> okay, mr. genius. you have knocked down my two suggestions. >> pin the tail on the nose. >> what are your approaches to resolving this? >> only one. the committee for economic development which is the largest nongovernmental organization in the world consists of both corporate executives and other

. >>> banks are deciding that charges customers to use their debit cards is not a good idea. chase and wells fargo are dropping their debit fees and bank of america is exploring ways for customers to avoid debit card fees. it was b of a's plan to charge $5 per month for debit card use that sparked a consumer backlash. >>> we are enjoying very mild weather here, but it is quite a different story on the east coast. >> it sure is. and sandhya patel is here with both stories tonight. >> that's right. let's tell you the story of the major winter storm that is developing back east. it is a mixture of rain and snow, and it is going to move up the mid-atlantic and up to the new england area. the northeast is going to get pounded with winter-like weather up to a foot of snow is expected. gusty winds are developing, and this is early. it could set some october snowfall records. obviously they see the snow in the winter time. by contrast, look at our weather. it was a sunny day and a warm one. by late october, it was 75 in half moon bay and 73 in san francisco. upper 70s around santa rosa and napa and concord and oakland. in the mid70s today. 77° in livermo

bank of america reported $6 billion in earnings today. and april activity is up 25%. and bank of america and wells fargo leading the way. with that tonight abc 7's vic lee is live where the occupy san francisco movement took complaints to city hall about economic inequality. vic? >> all that have news is more ammunition for occupy sf. earlier today the mayor had his monthly q and a and was of course asked about this movement. about 100 protestors showed up. they filled supervisor's chambers. asking the mayor his position on occupy sf. >> we were protect and defend your right to protest and your freedom of speech but that is not the same as pitching tents and lighting fires in public places and parks that are meant for use by everyone in the city. >> lee said he wanted to keep dialogue open between the zpi the protestors and that police made accommodations by bringing in port o potty autos you're out of order. >> and many here were still angry at police for dismantling their camp. during public comments, protestors asked supervisors to support the cause. >> you, elected officials of san francisco must decide are you publ