business and financial news. box business, giving you the power to prosper. >> the end of world war ii brought a rapid demobilization of our armed forces, including the seabees. there were a mere 3,000 down from 125,000 at the height of the war. >> what happens to these guys? >> seabees were originally a temporary organization, but then very quickly they realized, you know what, these guys did a really good job for us and maybe we should keep them around. and so 1947 they became a perfect part of the navy. >> 25 june 1950, over 100,000 communist north korean troops storm across the 38th parallel, invading the democratic south. >> on september 15, 1950, seabees of amphibious construction battalion 1st brought the first marine division ashore at inchon. >> battling treacherous 30-foot tides, they built a pontoon causeway and helped land 30,000 of general mcarthur's marines and soldiers. a curious incident occurred. >> great seabee train robbery is a piece of seabee lore. as they were landing in inchon, the equipmen

.♪ business and financial news. box business, giving you the power to prosper. >> the end of world

. >>> financial news, new numbers on jobless claims and more news from volkswagen. kcbs radio's financial reporter jason brooks reports. >> reporter: news on the job market not so good a four-week winning streak snapped as the labor department reports that initial jobless claims was up 13,000. the four-week average was down but climbs are in an area that would suggest job growth. of course in may we only saw a gain of 38,000 jobs according to the labor department. and that certainly played a part in the federal reserve's deciding not to raise interest rates at its meeting yesterday. another key factor for the u.s. economy is inflation. it remains low. according to labor, consumer inflation rose two-tenths of a percent in may. that mainly came from higher pump prices and also rent which of course is no surprise to anybody who rents in the bay area but across the country, rents were up 3.4% over the past 12 months. that was the biggest gain in over nine years. volkswagen is trying to get beyond that diesel emissions scandal that's dogged it since last september. the co

risk of havinga chip in an at&t phone orderscomm ships in scarlet: this is less significant a financial news the company, but fairly important when it comes to the significance of symbolism for intel. is it enough to cause any kind of relating by analysts? >> let's break down the numbers. at&t is predicted to sell about million. a $50 billion your company. it doesn't even scratch the sides. this is a validation of intel's efforts and orders from other companies. much, iank you very king from san francisco. scarlet: as we have been reporting, with about 15 minutes left to go before the close, equities reporting a major selloff heading into the weekend. us is joeing weisenthal, cohost of what did you miss? global storyy the that's really the take away from this week. scarlet: there's a great chart here on the bloomberg. it shows a freefall in yields. bond yields int the u.k. k, germany, japan. we talk about this every day on what you miss. it's groundhog day all over again. >> it sort of donned on me yesterday when we were doing the market minute at the beginning of the show, it's the same thi

to see more of poppy's interview and more financial news, log into cnn.com. >>> snoop dogg is one famoushrowing his support behind hillary clinton. donald trump might not be doing so well with actual canines, especially a pair of hungry weiner dogs. been there, done that. my chronic constipation keeps coming back. i know. tell me something i don't know. vo: linzess works differently from laxatives. linzess treats adults with ibs with constipation or chronic constipation. it can help relieve your belly pain, and lets you have more frequent and complete bowel movements that are easier to pass. do not give linzess to children under six and it should not be given to children six to seventeen. it may harm them. don't take linzess if you have a bowel blockage. get immediate help if you develop unusual or severe stomach pain, especially with bloody or black stools. the most common side effect is diarrhea sometimes severe. if it's severe stop taking linzess and call your doctor right away. other side effects include gas, stomach-area pain and swelling. talk to your doctor about managing your sym

>> financial news website has released a list of the 50 worst cities do live in and the answers couldise you. the site used income, poverty level, crime rate, determining which cities you should avoid and the worst? miami? two, detroit. the bay area did make the list, 40 is oakland. 42 is behind it, san francisco. the investigation on the peninsula after an incident near google campus led to a chase. >> and a 94-year-old park ranger was robbed in her home in richmond with special award from prove she wanted back. >> good morning from the roof, check out the picture from the camera look at all of the sunshine and temperatures are going to rebound today, anywhere from 2-17 degrees warmer. from 2-17 degrees warmer. and the cooling trend for the >>> live from the kgo-tv broadcast center this is abc7 news. >> good morning. we are tracking the breaking news. joint base andrews tweeting it is on lockdown because of reports of an active shooter. we have no further information. personnel directed to shelter-in-place with more information ahead. >> welcome to thursday, june 30. we will check wi

if you're lookinged a got financial news, american household weather rose in the first -- wealth rosel months. >>> twitter users are being advised to change their passwords today following a data breach. this is the third case where social media accounts have been compromised over the last week. a russian hacker gained access to millions of twitter account log-ins. the twitter wants to sell the information for about $5,800. twitter says the breach did not come from its own systems but malware attacks on users. >>> now to a story about a 9- year-old boy in louisiana and a dog. you can see the boy in this video jumping off his bicycle, running into a garage. quickly hugging a dog and jumping back onto his bike. the dog is wagging its tail, apparently happy to see the boy. the thing is this is not the boy's garage, and it's not his dog. the woman at the house saw these images on her surveillance cameras. she asks if anyone knows who that sweet little boy is. she wants to tell him he's welcome to stay and play with the dog anytime and the boy's mom responded to the post. she said her son,

. >>> financial news now. nomy has hit an impressive milestone. >> joining us now to explain kcbs radio's financial reporter jason brooks. >> reporter: good morning, kenny and michelle. the debate has long gone on who has the better wine california or france. that debate will never be answered but we know right now california has a bigger economy an france. california's economy now the 6th largest in the world. bloomberg reporting that in 2015 california's economy grew by 4.1% to $2.5 trillion. job growth last year the biggest in this state and more than the gains combined by the second and third most populous states in the country florida and texas. also four of the largest companies by market cap in the u.s. are here in california four of the top 10 with apple, google, facebook and wells fargo. >>> the overall u.s. economy showing more growth especially with inflation. the labor department reporting that wholesale side inflation in may was up by about 4/10ths of a percent. the strongest gain in four months. i

unless you're a financial news junky or an international politics news nerd, you probably missed thely on thursday night, the cable newsers were wall to wall with this election coverage. now in the two or three days sense, we've all received a crash course on what the exit might mean. the headlines tell the story. why the u.s. is freaked out about brexit. and this with unone is interestg too. what a failure to predict brexit means for the u.s. and this third one. globalization and its discontents: how the trump/brexit movements might herald new world orders. there's that connection to trump. did the media fail to see brexit coming the same way it mostly failed to take trump seriously this time last year? let's ask fareed zakaria, the host of "gps." why did most experts not believe this would actually happen? >> i think the fundamental reason was that the polling was wrong. it's a very interesting thing. british pollsters were wrong about brexit. they thought it was likely not to happen, small margins, but that was their prediction. they also got the british elections wrong, canadian

a report from financial news website found that miami's median income was well below the national average and homes are out of reach for most. >> the group behind oscars is looking to diversify. the academy extending have it tagses to nearly 700 new members. and half of those are women, 41% people of color. the diversity boost comes in the wake the # #oscarsowhitecontroversy. the academy was criticized and boycotted over the lack of minority nominees in the last two years. >> there is now a camera so small it can be injected into the human body with a syringe. researchers have done it using a triple 11 camera smaller than a grain of salt. a technique involves printing a lens directly on to the hip of a single piece of optical fiber, the camera could also be used to for covert operations. >> 18 time gold medalist michael phelps will land for a trip to phelps will land for a trip to provide for 5th he was the first to qualify for five olympics. he qualified last night. hooking forward to seeing him dominate, again. >> always exciting. we have a full 90 minutes of news including break news o

. >> finally tonight new homes are going up in north philadelphia. "habitat for humanity" and driving financialbuilding new homes at 15 and and fontaine street. the diamond park svelte is "habitat for humanity's" largest project in philadelphia to date and the first homes are scheduled for completion in june of 2017. world news is next on channel 6 and "action news" continues at 10:00 on phl 17 with brian taff, sharrie williams, adam joseph, and ducis rogers and please join us for "action news" at 11:00. and for cecily tynan and ducis rogers, i'm jim gardner we hope you'll join us at 11:00. (man) wow. (male off-screen announcer) what's it feel like to win $100,000 home makeover, with top prizes of a hundred grand? (man) whoa. it's amazing. yes! (male off-screen announcer) with instant games from the pennsylvania lottery, the instant you play could be the instant you win. keep on scratchin'. . >>> tonight, we're on the scene. the deadly shooting on an american campus. students barricading themselves inside classrooms. the campus and surrounding communities put on lockdown. students lined up on t

correspondent duarte geraldino explains why as part of our weekly series on "making sense" of financial newsorter: you can hear so much in this old building; every sort of step. >> yeah, it's like every creak. >> reporter: brian hanlon has multiple graduate degrees, a steady job and a middle-class income. >> this probably hasn't been renovated since the eisenhower administration. >> reporter: yet at 34 years old, he's the subtenant of a woman lucky enough to have a rent-controlled apartment. but hanlon's time is running out. >> i've been in this room for about four and a half years. >> reporter: four and a half years. he worries the owner of his apartment house will offer the actual leaseholder a lot of money to move, meaning hanlon will have to pay a lot more to live in this mission district neighborhood. >> well so market rate for this place, i'm guessing it's probably about $5,000 a month. >> reporter: $5000 a month? >> a three-bedroom in the mission? sure. >> reporter: the situation is forcing a growing number of people-- low, medium and high- income workers-- into ever tighter living co

tonight, he hears the case for remaining, part of his series on "making sense" of financial news. >>s is a two-tiered debate, hearts and minds. >> reporter: at the oxford debate union last week, the audience seemed to side with those in favor of the united kingdom remaining in the european union. >> i've never heard the phrase "workers rights" come out the mouth of any of the three leading protagonists. ( applause ) >> the man in the desert is sovereign, he is free, he can do whatever he likes, but he has no power. better together. >> reporter: and the remain sentiment certainly prevails at mansfield college, where i'm spending the spring term. >> we should definitely stay in europe- absolutely, unambiguously. >> reporter: lucinda rumsey teaches old english literature. >> we should be in europe, because it's good for europe to have us in and we should be contributing. we're a rich country and we should be contributing and helping people. >> reporter: but why then has there been so much support for leaving? well, one reason, rumsey speculates: >> lots of english people hate the french

phil mattingly who covered financial news for years. michael ka pewcaputo and steve elmendorf. doug heye is joining us as well, former communications director for the rnc and for the sake of this conversation we should note he also has done some work with boris johnson's office when he was mayor of london. those introductions can sometimes exhaust me. let's get to the real point of this conversation now. rana, to you. draw from this book i am now walking through, "makers and takers." what does this mean? >> i think the vote underscores there is a complete trust gap between the elites in many countries, the uk, the u.s., many other countries, and the mass populations. if you look at the way in which the markets missed this, the markets were pricing in a 25% chance this was going to happen. sterling was rising yesterday. so elites in washington and wall street and many capitals around the world did not expect this to be the vote. but there is a huge gap between where the markets are and where main street is both in the uk and in the u.s. i see a lot of crossover there with a grou

also tonight, dramatic fallout from reports that the trump campaign is running on financial fumes. newnancial filings show the trump campaign had less than $1.3 million in the bank headed into june. compare that to the clinton campaign which reported a $42 million war chest. donald trump backer ed rollins tells "the washington post" that trump is, quote, looking into the abyss. guy benson, fox news contributor. boris epstein, former communications aide. and chris, our fox news digital editor. how bad is that, $42 million? >> when the guy says you're looking into the abyss, don't think he means the abyss of excellence and joy so no bueno is the term for that. we have to remember, trump's campaign is not about money, it's about trump. trump and more trump. he's said all along he was not probably going to be able to match hillary clinton who's better at buck raking than any human being who has ever raked a buck. she's got more connection, done more favors, all this stuff. what he has is himself going on television and getting free coverage and he also has the ability to create controversy

. >> new numbers out overnight shows the clinton campaign with a massive financial advantage and in the polls, as well. this as he looks for a new campaign manager. >> what happened inside the orlando nightclub shooting? we have new details what the shooter said to the police during their standoff. as authorities defend how they reacted to the attack. >> hometown heroes. the cleveland cavaliers landing back on familiar turf getting a huge welcome from the city. and why steph curry's wife is helping move championship merchandise. >>> and ready to wed at the height of wedding season, we're checking out all the latest fashions and styles to go big on the big day from the dress to the accessories and following our own bride to be nikki battiste as she gets ready to say i do on this tuesday, june 21st. >> announcer: from abc news, this is "world news now." >>> good morning, everyone. i'm kendis gibson. >> and i'm diane macedo. we begin today with the trump campaign. >> yeah, a lot of news happening with the trump campaign including some stuff that took place overnight. with just a months to

cmmy: hold a financial advantage, a new quinnipiac poll show she is widening her lead in florida, holding a jummy: investigators looking into the death of actor anton yelchin to see if his death prevented, he died when his 2015 jeep grand cherokee tends into a gated entrance outside of his home. that model was recalled in april after it a design defect discovered. regulators say it coul woman: i have a masurprise for you.are you? man: you have a surprise for me? narrator: at dominion, 1 in 5 new hires is a veteran. and when they're away, they miss out on a lot. but they won't miss out on financial support. because we cover any difference between their military pay and their dominion salary, and continue benefits for them and their families. why do we do it? because our vets sacrifice enough. "dominion. depend on us for more than energy." ♪ stand by me. jummy: storms headed for most of us in the viewing area. >> a severe thunderstorm warning that includes washington county and the city of hagerstown. we just have a lightning strike. that >> you're about to watch some folks experience what

cap man had her living there as some kind of repayment for financial situation. >> news of the charges and allegations sent shock waves through this community. >> just amazed to go on right under our notices. >> i thought they were just part of his family. >> 12 children. >> my gosh. >> i never saw that. police also charged the couple believed to be the biological mother and father to 10 of the girls. arrest papers revealed david and sylvia, new their daughters starting at 14 years old was engaged in sexual relationship with kaplan. neighbors tell us they were often curious about living arrangements inside the home. >> sometimes there are kids that looking at me and how many kids he has? >> reporter: somewhat jenn bets the hero this story. she says it was just her mothe motherly instincts. >> i just made the call. i just -- i don't know just an instinct. i wasn't going through other summer where everybody should be outside kind of thing and not see those little girls again. >> reporter: tonight the couple and kaplan are each in jail on $1 million bail as for the home it's unclear if an

cap man had her living there as some kind of repayment for financial situation. >> news of the charges and allegations sent shock waves through this community. >> just amazed to go on right under our notices. >> i thought they were just part of his family. >> 12 children. >> my gosh. >> i never saw that. police also charged the couple believed to be the biological mother and father to 10 of the girls. arrest papers revealed david and sylvia, new their daughters starting at 14 years old was engaged in sexual relationship with kaplan. neighbors tell us they were often curious about living arrangements inside the home. >> sometimes there are kids that looking at me and how many kids he has? >> reporter: somewhat jenn bets the hero this story. she says it was just her mothe motherly instincts. >> i just made the call. i just -- i don't know just an instinct. i wasn't going through other summer where everybody should be outside kind of thing and not see those little girls again. >> reporter: tonight the couple and kaplan are each in jail on $1 million bail as for the home it's unclear if an

example, in the next financial crisis the ecb said it would not allow there to be short selling of currencies or products or equities. the reality is that was counter productive to new york, which is the biggest financial sector after britain. i would say britain lost that position to new york. and that means that we will have to list the next crisis and there will be another crisis. it controls the economy, it controls the tax collections, all the things that you need for a currency. so there will be a crisis. and britain will have to fall in line with what the euro countries, the eurozone countries say, not what is in the best interest of britain. >> even sitting outside of the eu, if the uk wants to continue to do business throughout europe, they will have to play by the rules, won't they? >> absolutely. but also britain sells across the board outside of europe and in europe. and, in fact, it sells more outside of europe as you know. and people like jcb, dyson, have come out to say we can sell in europe way without being a member of the euro, just like everyone else. >> the bank continues to raise concerns over this. currently you see this tremendous benefit of t

sarah: let's cross to our financial correspondent in new york. talks between u.s.nd china have wrapped up. what are the broader implications of these discussions? reporter: overall, from the u.s. side, there is quite some interest of investing in china. the country is still growing and if you look at china itself, the country depends on capital flows, so they need money from abroad, but for sure you cannot just ask for money when you need it and then when times are good, not let companies and investors participate in chinese growth. so we probably will need to see reforms in the chinese capital. if you look at the broader picture, china is within a huge transformation from exports to consumer driven nation and when the country becomes -- that becomes of high interest to a lot of u.s. corporations. there is some interest but there is also still some mistrust and if you look at investing in china, we've seen it again and again. at some point the market, for example the stock market, could overheat as it has done a couple of times, so it's still some risk if you put m

and a lawsuit focusing on new regulations for financial advisors who handle your retirement accounts. markets desk where ramy inocencio has been tracking the fallout from the jobs report. u.s. stocks are trying to make a comeback, trying to mount a recovery. ramy: we are definitely off of session lows after we got that payroll number of this morning. we are just meandering someplace in the red right now. this is where we stand, the dow was down by .4%, the s&p down .5%, the nasdaq down .8%. the follow-up from those payroll when the38,000 expectation was 160,000 when it comes to growth. , and assector health has been throughout the course of the day, financials continue to be the biggest laggard. 1.7%, followedby by consumer discretionary as well as energy. on the flipside, as is usually the case, in the inverse relationship, utilities climb the most. consumer staples being defensive as well as telecommunications also being defensive of 5.3%. with all the downs we are talking about today, there are still some winners, at least some positive stocks moving higher. about five andby one th

financial crisis is expected to be about today. representatives of pennsylvania is due to present his plan in new york. the 2010th reform law. supporters say it would prevent another financial crisis while critics say the law is choking the economy with too many regulations on banks and other financial institutions. however, few expect the new plan will become law soon. when congressman hunter lane discusses his plan today, that will be at 11:30 a.m. eastern time. don't miss that kid lauren: in hockey, pittsburgh penguins grab a commanding lead to back up the stanley cup thursday night. south korea's dakotans they were years says he won't play for the olympic asked about dean. in sports, mixed martial arts star kimbo slide is dead at the age of 42. stay with us. we will have more. nicole: some sad news this morning. next martial art heavyweight kimbo was hospitalized yesterday in his home in springs. was 42 years old kid he became known after posting a series of youtube videos showing extreme street fights. he was assigned to ballot card mma and is scheduled to headline a match on july 16th in london. l

new home. construction is just getting started on 16th and fontaine street in north philadelphia. it's a reality thanks to "habitat for humanity" and lincoln financialthe new homeowners and volunteers will work throughout the next year to make this new home happen. >>> still ahead on "action news," devastated by a fire not once but twice. "action news" is live as the local charity tries to cope with yet another tragedy. >> and ahead in what's the deal new tires are pricey but with so many options it can be confusing also. we'll review best buys on tires coming up. >>> "action news" continues. hello again. 4:30 now be "action news" continues with a push to get illegal guns off philadelphia streets. >>> and a california -- comes face-to-face with thiefs with a machine gun. >>> and a high school seniors graduation gift for his class is going viral. it's a thoughtful work of art but not the gift give getting the attention. >>> but first a double dose of tragedy for a local nonprofit. the officers for home town heroes based in ocean county was destroyed in a fire for the second time. nora muchanic is live in our new jersey newsroom and nora you talked to

many fear that a vote to veef the leave would undermine major financial sectors. >>> the news 4 iteam discovered the feds are investigating whether a department of homeland security employee was plotting and the attack inside the agency. now a u.s. congressional committee is ordering a review of the case. according to a court filing, john then wienke was caught carrying a loaded gun inside dhs headquarters and also caught trying to bring knife, handcuffs and other equipment on to the campus. officials say there was probable cause he was conspiring to commit workplace violence. his neighbors are surprised by the accusations. >> he was hardly ever out. you would just see him occasionally up there. always clean cut, you know, nice guy. >> the house committee on homeland security calls the case troubling and will likely discuss the matter this morning at a committee hearing on capitol hill. >> massive fire is leaving close to two dozen people looking for somewhere else to live this morning. it took more than 50 firefighters to put out the flames at second and orange streets in southeast d

the world bank has launched a new financial tool to help the planet better prepare for the next large outbreak. >> nice to see you again. >> pandemics pose glow ball threats. president kim says a quick response is crucial. waiting for governments to act is often too late. >> if you look at just the ebola outbreak. the estimated cost was $10 billion. our estimate is that if the pandemic facility had been this place, it would have released large sums of money much, much earlier. >> the world bank launched a new scheme last month. kim says it's all about creating an insurance system for poor countries. one that offers a speedy rate of combat. the bank has set up a fund on behalf of developing nations. it's expecting contributions from g7 and other donors and will issue a new type of bond to generate income. this money will be used to pay premiums to private insurance companies. pay outs are made if a pandemic reaches a critical stage based on scientific triggers. the facilities authorized the release up to $500 million to affected countries and international agencies. kim says under this

let's cross over to our financial correspondent in new york. good to see you. the speech caused any ripples on wall street? >> not just as words but especially the actions from banks, especially the european one. what is happening is we see huge pressure on yields so we have negative rates in many european markets. on the other side that put pressure on the euro. the dollar trading, up to the stronger dollar. we saw pressure on commodity prices and ended a three-day winning streak on wall street. it is still fascinating to see because there are so many warnings out from all areas. the federal reserve, v ben bernanke or the current chairwoman janet wellen, all along the government has to do something, the central banks are left alone. helena: we're hearing that one of wall street's wealthiest bankers is betting against shares and going for commodities. what is driving that, is he expecting a crash? jens: at least he is definitely getting nervous because he has not placed that's -- bets in that amount in a long time. he is selling stocks and buying gold and minin

,, ,, financial markets hit hard news the the u-k will leave e-u. >>> your realtime captioner is linda marie macdonald. >>> a historic vote sends shock waves around the world. the uk is leaving the eu. i'm brian hackney in for kenny choi. >> i'm michelle griego. you can see the impact here at home. the dow is in a downward trend, down 559 points. >> ther tina kraus on the outcome -- reporter tina kraus on the outcome that forced british prime minister david cameron to resign. >> reporter: "brexit" reporters celebrated when word came down that great britain was leaving the 28-nation european union. >> the sun has risen on an independent united kingdom! >> reporter: the vote was a massive defeat for prime minister david cameron who announced he would leave office in october. >> i do not think it would be right for me to try to be the captain that steers our country to its next destination. >> reporter: the british pound was down to a 30-year low and stock markets around the world plummeted. voters to backed leaving the eu say they will have more control other trade, immigration and other

despite the financial news there is still strength in the system. the postal service is the one government agency that touches every american on a daily basis. it is an organization that literally serves 155 million american households and businesses on a typical day. it facilitates trillions of dollars in commerce. the fundamental problem is the postal service cannot currently generate such enfunds to cover its mandated expenses and also invest in critically deferred capital needs. where can we look for answers? i would argue the starting point is to look at ourselves. what do we as a nation need from postal and delivery system and what is its cost? what exactly is universal mail service in the united states? the commission has determined that unlike other countries, the universal service obligation or uso in the united states is largely undefined and instead comprised of a broad set of policy statements with only a few legislative prescriptions. the commission estimates the cost of providing universal service to be more than $4 billion annually. w

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negative rate policy saying it is having a tightening effect and could hurt the stability of the financial system. a new blow for abenomics. global news 24 hours a day powered by 100 50 news bureaus around the world. you can find more story on the bloomberg at top go. mark: the opec meeting in vienna. ryan chilcote is there. good morning. what do we know? we're actually inside the opec meeting. i'm actually standing next to the nigerian oil minister. let's listen in as the meeting gets underway. there he is speaking with reporters. minister, live on bloomberg, what would you like to see come out of this meeting? >> a unified conclusion. there has been too much -- the divisions within the opec. opec body. we would like to feel that we are cohesive, we are united. we cannot agree on every issue, but at the end of the day, -- the collective position. ryan: to get that unity, do you need to see a production target? >> not necessarily. doubt that is the major focus right now. i think somehow the market is -- a matter of natural forces. a lot of natural calamities and militancy issues out of nigeria. talking

. >> also, new financial fallout over the brexit vote. as we monitor the openi

news. >> financial ripples from the britain bombshell will be felt in the united states. we are hearing from entrepreneurs this morning would will tend the global summit at stanford. cornell barnard spoke to so of them. they predict real trouble ahead. >> it is a crazy decision. >> irish tech entrepreneur was stunned to hear the news. great britain voting to leave the european union. for michael the time cog not be worse. >> bad for business. i am an entrepreneur. >> he is in the bay area for the global entrepreneurship summit at stanford. this reception for tech companies, is to network with those around the world but now the focus changed. >> for businesses that operate both in the u.k. and for the rest of european, everything will be harder. >> a gentleman from berlin knows it was not simple. there are struggles. the migration crisis. the economic crisis. some of the member states...from a german perspective we do not see the separation to individual member states as a good solution. >> many of the speeches predict more of what is happening already: chaos in the financ

there is a new financial agreement in place between the companies that will build and operate the lightail line. new at 6:00, transportation reporter adam tuss is in the chevy chase lake area with the big step forward. adam? >> reporter: most days are good days here at the lemon twist boutique in the chevy chase lake shopping center. >> i love it because as i've said i've been here so long and i've lived in the neighborhood so long. >> sally prince has owned and operated her store in this area for 40 years. i see my friends every day coming and going in my store, in the grocery the crescent trail. it's a fantastic neighborhood. >> this neighborhood like so many along the 16-mile route of the planned purple line in prince george's county is going to change. this is what sally's shopping center looks like today. this is what the development here will turn it into. >> i would lose my job. sally would lose her store. it would affect everybody in this area. >> the state and the group of private companies that will do all of the heavy lifting for the purple line have reached a financial agree

new financial reports show that the trump camp began june with $1.3 million in cash on hand, while hillary clinton's campaign started the month off with $42 million in the bank. after raising just over $3 million in may, trump loaned himself another $2.2 million. >>> to the west coast now and two new large wildfires raging in southern california. only a canyon separates the fish and reservoir blazes which have so far. hundreds of people have been ordered from their homes with voluntary evacuations for many others. the communities threatened are only about 20 miles northeast of downtown los angeles. the wildfires are being aided by the extreme heat in the southwest. records fell in many cities. at least five deaths also blamed on the heat wave. officials are advising limits on outdoor physical activity and on the use of electricity. but the worst may be over. >>> the lawsuit accusing starbucks of shorting customers may proceed. the class action suit accuses the company of systematically serving lattes that have 25% less coffee in them than promised. the federal judge did not rule on the cas

down sizing and a 15 year mortgage maybe a smarter financial move. buying a newhome for your retirement isn't and shouldn't be a decision to make alone. they'll help you make the best and most affordable move. >> thanks, we'll see you next week. when we come back, aaron returns to talk about nato's being detected was not an option. if i was recognized the whole operation was blown. wow. he won't even recognize you. seriously. i don't even recognize myself. and thanks to my cashrewards credit card from navy federal with never-expiring rewards it's gonna be a killer honeymoon. woo! maui!! boom open to the armed forces, the dod and their families. navy federal credit union. the greek flavors of our mediterranean collection.ve your choice of delicious chicken with crumbled feta and cool, creamy tzatziki sauce. try our mediterranean collection today. subway. fresh is what we do. >> "defense news" editor aaron matea. >> in july, warsaw is going to be home to the next big nato summit. last was 2014 in whales it is how they deal with a resurgence in russia. it was still

more details we got from these new financial reports we're all going through now.et a sense of the kind of operation these two candidates have. donald trump's campaign, looks like they got about 70 staffers here working for donald trump. hillary clinton's campaign, multiply that number by ten. about 700 staffers for hillary clinton's campaign. so some huge, huge differences in terms of the money these campaigns have. in terms of the kind of infrastructure they have, and you would look the another these numbers in any election and say, you can't possibly run for president, compete, yet alone win with the kind of disparity donald trump is facing. that's what all the rules say about every election before now, but, again, we have to say, this is donald trump. he has broken all of the rules for the past year. all of the rules that said somebody who says and does the things he does should never be the major party nominee of the republican party. he got through, he won the republican nomination without spending that much money, without having the kind of campaign organiza

london in particular will be hard hit because that was supposed to be the new financial center. that was before -- that's never going to happen now. that's not -- >> hold on a second. those are some rollover that. shelby, is it possible that london, which had become the financial capital of europe, could lose that financial status? >> it's absolutely possible and we see banks threatening to move jobs to berlin and france, get them out of the uk because there's a big question marker in surrounding trade and currency. those tr two things that companies and countries are really looking at. in terms of the negotiation. >> i made be focusing too much on london, but i want to make it simple. maybe this is too simplistic. but they speak english in london. that's where english came from. we speak english here. we care about doing banking in a place where they speak our language. is that important? >> it's important. britain didn't vote itself off the planet. just voted itself out of the the eu, but because the european union and common currency and a trade agreements that they have righ

bill: i think janet yellen is very conventional, that's unfortunate, because we are in a new financialhat requires a different type of adjustment. , we go, theya suggested that a one-time price shock, whatever that meant in terms of how you do it. that is better than qe or normalization of rates on a gradual basis. we have different fed governors in the debate, i think janet yellen, although she is in charge, and has made it very clear through her press conferences -- i think janet yellen is conventional, and will probably continue to believe that low interest rates stimulate the asset prices, and that the trickle down from asset prices stimulates growth. failure, to my way of thinking, over the past five years. i think she sticks to that, and we will have to see in terms of policy going forward. i think something new and different is required. mike: is this a dangerous time in the markets, a difficult time for the fed to interpret what the markets are saying? because of they are distorted by the fed, they have to react to this number. you have the brexit debate coming up, should the f

news on goldman sachs. down 1.6%. we have the department of financialvices in new york clearing goldman sachs about its .elationship with imbd $6 million with the bond sales, they want goldman to report on its internal review of those $6 billion worth of bond sales. joining us, the federal reserve .nd the sec in examining t immense problem is one way that the u.k. votes to approve the referendum on june 23. the opinion from the former ecb president. he appeared on "surveillance" from paris and described how a brexit would affect the u.k. and europe. of all, let me say that i hope very much, profoundly, that we will have a brexit. it would be a contact -- that we won't have a brexit. it would be a catastrophe for the u.k.. decides to stay, it is an immense problem for the u.k., in my opinion. the prime minister is absolutely right to stress the importance to say "yes" to remaining in the european union. continent of europe, as you know, france and the others, are asking the u.k. to stay. they are unanimous in welcoming unionk. into the european -- which

cbs news financial contributor mellody hobson is in london tonight. mellody, with britain's exit, even though it's early to tell, be a long-term problem? >> this is a story that's going to play out over years, not weeks, not months, and the one thing we know about the stock market, if we know anything, is that it hates uncertainty. so i would expect additional volatility in the months and weeks and years ahead, but i would also caution people not to do anything rash. do not make any quick moves as it relates to your investments or your retirement plans. this is the time when you want to sit tight. >> rose: what about the united states' job market? >> i would not expect a direct impact on the united states' job market, except for those multinational companies that have huge imports into the u.k., companies like ford and xerox and ebay, they may be in for a tougher time because their imports suddenly became a lot more expensive in great britain because of what happened to its currency. >> rose: mellody hobson in london, thank you. as if to underscore th

new financial records show the trump camp began this month with just $1.3 million in cash on hand while hillary clinton's campaign began the month with $42 million in the bank. >>> the latest addition to the clinton clan is waking up in his own crib this morning. chelsea clinton and her husband left a manhattan hospital yesterday with their second child, aidan. grandparents hillary clinton and former president bill clinton were also there to see him off. >> and another celebration you might say. the city of cleveland has one more full day to prepare for a celebration more than half century in the making. that celebration, of course, is being held for the new nba cavaliers arrived at the airport in cleveland yesterday and were greeted by more than 10,000 fans but the crowd for tomorrow's victory parade is going to be a lot bigger than that. some estimate 500,000 people could show up. >>> still ahead, a lawsuit against starbucks, not for misspelling names. this one involves lattes. >> okay, and an actor's bizarre death involving his vehicle. we're getting new details about the car's recen

abc news washington. >>> u.s. financial markets saying today on news that britain voted to leave the saying today on news that britain voted to leave the european union dowell fell 3.4 percent and s&p dropped 3 and a half percent. despite the fall analyst8#ñqp do fought believe britain move will lead to u.s. recession. bay area company are feeling the fall out today. google alphabet stock dropped 4 apple fell and facebook lost 2 and a half percent. netflix fell 3d and a half percent and trillion yo dropped more than 8 and a half percent. >>> one bright spot could be lower mortgage rates. average 30 year fixed rate mortgage had already sunk to 3 year low in the past month at 3.7%. financial analyst expect the brexit vote to drive down rates even further in the coming week. >>> now brexit decision guess news if planning a vacation in great britain. but if you work for or run a business that indicators european visiting here, there could be some long-term concer concern. wayne has that story. >>reporter: union square. might se