angie gildea at houston kpmg with some real clarity and knowledge base out of the kpmg, their advisoryte. jon has been good about this, about what actually is the research of destroying batteries, moving on from batteries? it's a huge deal. kailey: absolutely and this is at the heart of the united auto workers question as well. this ev transition and where these employees fall into that, what their jobs look like going forward. tom: and basically right now it is less paid and the union wanted to be equivalent with gasoline engines. kailey: this is one of the focal points in the negotiations ahead of the contract expiring. tom: i will be alone here friday. kailey: i have learned if i say something once he will keep running with it. tom: that is a theme here. look at the 10-year yield, 4.09%. kailey: two year at 424% as we see more economic data that would seemingly be in favor of the dogs at the fed following the j.o.l.t.s. downward surprise yesterday and a downward revision in the second reading of second-quarter gdp. all of that beating the drum to the data we have yet to get this wee

let's speak to paul martin, uk head of retailfor the consultancy firm kpmg. it's good to talk to you, keeping shoppers back, surely it's notjust a spot of what weather, we're used to that in the uk now, surely? weather, we're used to that in the uk now. surely?— weather, we're used to that in the uk now, surely? weather is also used as an excuse — uk now, surely? weather is also used as an excuse of _ uk now, surely? weather is also used as an excuse of poor— uk now, surely? weather is also used as an excuse of poor performance of. as an excuse of poor performance of retail sales. as an excuse of poor performance of retailsales. it's as an excuse of poor performance of retail sales. it's a perfect cocktail of challenges at the moment, many consumers are feeling the pinch, the inflationary pressures are definitely hitting many consumers hard, therefore consumers have been tightening their belts and spending less over the last weeks. belts and spending less over the last weeks-— belts and spending less over the last weeks. ~ ., ., ,., ., ., last weeks. worried about inflation, worried a

what we are learning in the bloomberg scoop is they have hired kpmg according to sources to edit itsucturing. shadow bank plans to sell off assets after the review to repay investors. this is according to sources telling bloomberg news. this company manages more than a trillion yuan. 137 billion u.s. dollars in assets. it already has suspended payments on nearly all of its products. i mentioned the protests. that was outside one of its units. which missed dozens of payments, dozens of its products and no immediate plan to make clients hold just yet. according to the video that has been seen by bloomberg news at least a dozen angry investors went to the headquarters in beijing which is unique in itself. usually you don't find protests in beijing. maybe elsewhere in china but beijing likes to keep things stable. that happened late yesterday. they want explanation as to why they are not being paid back. they got some guidance earlier in the week from the main company that owns part of it. it is going to be launching a debt restructuring. the board secretary says at least 30 products are

today, the accounting firm kpmg international had its national service day, and pick prescott to showheir commitment to this community. >> people who care about the students and want them to have the best experience that they can throughout the year. >> school issues for decades and it is why she is our senior education reported. you can get in touch with her online and her contact information is on your screen right now. ama: after zendaya posted a message remembering her former costar angus cloud. his death was announced yesterday. his family said he struggled with the death of his father just last week and suffered from mental health issues. they costarred in you for we are -- in euphoria and attended the oakland school for the arts. he said i know people use this -- she said i know people uses expression often about talking about people that they love, they could light up the room they enter, but boy, let me tell you, that was really him. we put together a list of resources for anyone dealing with mental health issues. you can find resources by going to abc7news.com/take action. h

today the accounting firm kpmg international had its national service day and picked prescott to show their commitment to the community. >> the people who care about oakland students, and want them to have the best experiences they can throughout the year. leanne: in oakland leanne melendez abc7news. >> as you are packing up your backpacks tonight let's check on it was decent to see how the back-to-school forecast is shaping up tomorrow. lisa: thank goodness we will be cooler. it will not be like today. today we are climbing anywhere from 2-5 degrees warmer than yesterday. tomorrow, the first day of school for the kids in oakland, temperatures are coming down. overnight tonight we will look at a return to the low clouds, the fog of breezy wind, and temperatures that are pretty chilly. 7:00 58 degrees. you will need a jacket. by the afternoon just in the 70's compared to a much warmer sunday. even the breezy wind will return. that is good timing for sure. as we look at live doppler 7 now the fog is not far away, but its influence is only being felt at the immediate coast later today as

they are raking in a tenth each quarter than they did in 2021 according to kpmg. while the engines appear to be turning back on, it's not quite full speed ahead. bankers and other sources i talk with say a lot of companies are in wait and see mode. they want to assess some larger ipos in the pike and then get a little more comfortable doing deals, especially in this regulatory environment, which has been such a hindrance here before they jump in and do anything major. as the prospect of a recession seems further and further away, you can expect to see a little more activity than we've gotten used to. and i'm told you kind of after labor day expect to be a little busier. the regulatory headwinds not going away, but kind of this breath of fresh air in terms of the recession prospects has some in the c suite saying if a recession is not around the corner, maybe now is my time to do a deal. >> you've been wondering when the window is opening. we've heard from the banks lately it might be about now. interesting, you know, bob was talking about arm going to the nasdaq b

and now i am joined by yael selfin, chief economist at kpmg, and the chief executive of the resolutionthink at the beginning you said, the increase is nailed on and it is probing the right thing to do. the more question is what happened next, how long rates stay high for and do we see any further rises in the autumn. ~ ., , i. . ., autumn. what is your hunch on the rises in the — autumn. what is your hunch on the rises in the autumn? _ autumn. what is your hunch on the rises in the autumn? i _ autumn. what is your hunch on the rises in the autumn? i shall- autumn. what is your hunch on the | rises in the autumn? i shall preface eve hint rises in the autumn? i shall preface everything by _ rises in the autumn? i shall preface everything by saying _ rises in the autumn? i shall preface everything by saying anyone i rises in the autumn? i shall preface everything by saying anyone that i rises in the autumn? i shall preface everything by saying anyone that is| everything by saying anyone that is confident about what happens now is awful but my view is out on the balance of this probably we

kpmg chief economist diane swonk joins us this morning.o get your take on retail and macy's comments about delinquencies and the consumer is actually beginning to crack this time? >> well, they certainly didn't crack in july. we saw a huge tailwind because for the first time since the pandemic and prices cratered wages outpaced in the second quarter and the blistering heat wave pushed people inside and everything from theaters with the summer blockbusters to restaurants and i think that's important, so that's the good news. the bad news is that yes, cnbc starting to tighten beyond just the banking sector, a third of credit in the u.s. economy. rejection rates on vehicle loans, mortgages and credit cards are up. i heard one person quoted yesterday on a mortgage rate of 8% because it's so hard for them to qualify for the houses they're trying to buy now, which is really quite stunning kind of interest rate for someone who has a pretty good credit rating overall. and i think those are the kinds of things, along with the resumption of student

raking in about a tenth each quarter than they did in 2001, which was a near-term peak, according to kpmganies are in wait and see mode right now. they want to assess larger ipos and get more comfortable doing deals in this regulatory environment. regulation has been front and center for potential deal makers. they want to look at that before really doing anything major. but as the prospect of a recession seems kind of further and further away, you can expect to see a little more activity than we've gotten used as some of the c-suite executives, they didn't want to do a deal if there was a recession or a hard landing right around the corner. >> leslie, thank you. leslie picker. >>> up next, we'll get you ready for the monday morning opening bell on wall street. top technical alanyst katie stockton joins us. stay tuned. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in