and going to go mastercard and bank of america. -- i am going to go to mastercard and bank of america. >> thanks very much. we are delighted to be here. for us, it is a natural outgrowth of our focus on sustainable, inclusive growth, particularly our commitment to financial inclusion. we are committed to bring in a billion individuals into the economy. we supported a $500 million effort in the united states with a big focus on small business there. i have to say when i worked in government we talked about public-private partnerships. most of the time it meant we wanted them to write a check. what i delight about the sufferer is eight is not just about writing the check. -- what i am delighted about with this effort is it is not just about writing a check. it is part of verse drive commission to support small businesses. mr. adeyemo: one of the things we are focused on at treasury is as we think about racial equity, how do we execute? execution does not only involve capital. but it involves what are we doing in terms of building capacity? i know that money matters in this is a place wh

not just with mastercard. it took years, but once you have that kind of relationship it is easy to work on future initiatives. so we really encourage other corporations to also engage with us now so we can build more of this kind of relationships. >> i feel as if we have just started a conversation, but unfortunately our time is short and i need to wrap things up now for us. i do want to tell those who are watching, and those who are in the audience that i think that one of the things is going to be critical to us in terms of advancing this work is a partnership between local state government, the private sector, and nonprofits to advance this work and the key question we have to keep asking ourselves, is how do we scale. not just money, but also people and technology, to address this challenge, and how do we do it together. so thank you so much of the time and thanks to all four of you for the work that you are doing in this place. [applause] please remain seated. our program will continue. everyone, please r

and what i'm going to do first is go to mastercard in pick of america, to the founding members, to talkthey're members of the eoc and what the eoc is focused on doing that alliance with their businesses values and their objectives. let me start with mike foreman since he is closest to me. >> thanks very much. we are delighted to be here delighted to be part of this economic opportunity coalition. for us, it is a natural outgrowth of our focus on sustainable enclosed inclusive growth. particularly are committed to financial cushion. we are committed to bringing a billion individuals, 50 million small and micro businesses, 25 million women owned businesses, into the digital economy. and we have supported five under million dollar effort in the united states around bridging the wealth and opportunity gap facing black communities with a big focus on businesses there. i have to say, mister secretary, when i worked in government we talked a lot about private impart partnerships. most of the time and we want to them just signed a check. what i am delighted with about this effort is that it is

spending was fueled by restaurants and clothing, mastercard says online sales jumped more than 10% and in-person spending was up about 7%, guys. i know i did my shopping online. >> you did your fair share. maybe that nice new jacket you have. >> i sure did. >> thanks, silvana. >>> from bennifer to swifties taking on ticketmaster. still ahead on "today in the bay," we look back at some of the biggest holiday stori from 2022es. >>> and here we go tuesday morning, a wet start for you. we take a live look out at the bay bridge. you can see there cars moving along but certainly wet roads out there. mike has been keeping track of what we can expect out there. wet roads, i can see that much. >> slow it down. >> accuracy in reporting, thank you both. that's exactly right. you saw the bay bridge. here is the san mateo bridge. we can't clearly see it because of all the mist, the rain, the water kicking up and the wind blowing things around as well. it's disappeared into murkiness. now the sensors do show 92 across the water moving just fine. if you continue down half moon bay and north highway 1

yes, sir. >> i don't have the exact number but it's still a shadow of what visa and mastercard had in the country. what's interesting is the way they've diversified. in 2014, i was at the hague talking on this topic actually and the f.s.b. was there. they still had two parts, anti-child sex rings, etc., they were still working with us on that. and anti-tkrubg. mr. dueweke: and they talked about how at that time that the russian wet money system, which is now in over # 0 chris, was the -- 80 countries, was the quote-unquote primary money mechanism for russian organized crime. within a year it was their papal. now we have various -- paypal. now we have various others that are found around the world. these alternative payment systems have also then become banks. like kiwi bank. mr. hill: let me interrupt you there. have the secondary sanctions, has china complied with the sanctions in your view to prevent union pay from being a global interchange for those mir cards? so to replace the interchange that they were getting internationally from visa, mastercard and american express? mr. duewe

a ftc issued an order accusing mastercard of anticompetitive tactics and handling debit card paymentstrade commission says mastercard intentionally blocked vendors abilities to route e commerce transactions through third party payment networks such as virtual wallets, which the commission says is a violation of the 2010. dodd frank act, the company is now required to start providing its competitors with customer account information they need to process debit payments, a move that could cut costs for merchants. well as we've been showing you, almost every state has been impacted by a massive winter storm tonight, with flights canceled and roads just too treacherous to drive. but holiday travel isn't the only thing being turned upside down. by this severe weather. ktvu zac sos shows us how the storm is threatening to delay millions of christmas deliveries certainly has been bad people. wait until the end armor spending all morning on the phone with customers that has package delivery store in piedmont customers now in a state of panic over whether or not their christmas gifts will arriv

this dwarfs all crypto related transactions which mastercard estimated occur in 2021. while public block chain intelligence systems like chain, to erm are beginning to do feel chainalysis were cryptocurrencies are straight for others, they do poorly when assessing where the money goes after conversion into a privacy coin, essentialized virtual currency like ali pay, or other alternative payment systems. traditionally, the follow the money approach misses the role played by the alternative payment ecosystem, or ape for short. when executed without a generalized understanding of the varied companies and services which are part of it. it focuses only on cryptocurrency risks, misunderstanding this goal. combined, these virtual currency, small women systems, and stored value card systems -- i define this as an ecosystem because it is all connected through hundreds of virtual currency exchanges. to and from fiat. anonymity or miss attribution lives there where you know you're a customer is being poorly applied or ignored entirely, especially outside of the west. financial op

switch today. >>> welcome back mastercard out with the outlook on the consumer and spending offering a unique picture for the year ahead joining me now is chief economist and head of the mastercard institute brickland myers. >> thank you, frank. good to be here. >> inflation has about on the mark for 2022. what is your forecast for inflation going forward in 2023? >> so, inflation is the key theme for 2022 we have all gotten intimately familiar with how painful inflation can be inflation is expected to come down significantly in 2023 as we look for a topping out of inflation over the next couple months, we expect inflation to reach about 7.1% in q4 2022 and moving down 4.1% in 2023 by the end of the year. a significant decline. >> i have to ask obviously, this is the estimate. 7.1%, this is globally and then 3.1% in q3 next year i want to ask about what is weighing on the markets. that is the high employment rate in the united states that is one reason the fed hasn't paused or pivoted give me a sense of where inflation is going globally in the year ahead >> employment is depending on

mastercard says the saeules wer up 7.6% over last year, and in store shopping also went up.t is not adjusted for inflation, and it's hard to tell how much is increases in demand versus prices. and mastercard says restaurant sales were up by more than 15%, apparel and department stores up a bit as well. electronics and jewelry, normally very popular areas to spend during the holidays, they were down. one thing i would like to know is how much people had to rely in dipping in savings and credit cards for the holiday season, because if it was a lot, you have to think about the holiday hangover early next year. >> yeah, worry about paying the bills after we have gone a little nuts. both good and bad news, and we'll take it. >>> it's sentencing day for one of the men found guilty of conspiring to kidnap a governor. we will have the court's decision coming up, next. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund all it ts to get started. then work with professiona to assist your business with its forms and

the number coming from mastercard spending pulse which tracks cash and cards.ll talk to steve sadove who is the former ceo of saks. he is on in the 7:00 hour. >> one important piece is restaurant spending up 15%. >> crazy >> people are tired of cooking >> and the prices are up how much of this is volume versus price >> that's a good question. we'll ask steve. prices at restaurants are up 9%. do your own math >> okay. >> incredible. >>> now to a troubling story from washington state. power substations were attacked in on christmas day in pierce county knocking out power to 17,000 people. blue flames could be seen shooting into the air at one substation law enforcement tells nbc they received a memorandum from the fbi warning over attacks in the pacific northwest. police are hesitant to call it domestic terrorism they don't have a suspect. this comes a month after the attack in north carolina which left thousands of people without power. incredible images and a sad story. the idea that there could have been a warning and something done in advance of that. >> i do

. >>> welcome back the results are in mastercard's holiday spending pulse. it showed experiences won out big-time over stuff this year. we did see an increase overall at least for holiday spending. but the jump in restaurants, that's getting the headlines pippa stevens is here now with the headlines. wow! >> that's right, kelly consumers are still eating out between november 1 and december 24th, restaurant spending was 15% higher than last year. according to mastercard. that's partly because of the post-covid mind-set. here's how mastercard's steve sadva explained it on "squawk box" this morning. >> i think you have a consumer that is right now trying to be very experiential. you look at the restaurants for an example at the 15 kt growth, there's clearly unit growth on top of inflation you try to get into a restaurant in new york, for example, and it's pretty tough. so there is real demand going on in the restaurant sector >> one thing driving that demand is restaurants are a better deal these days, because grocery prices have risen faster than restaurant pr

yes, mastercard is in purchase in westchester and it's a perfect place for us to be clearly.irst point about how the fed should read the data. i think it tells them that the consumer still has the ability to spend which means they still have the ability to handle some price increases that the inflationary pressure is not gone yet and it does necessitate further increases in interest rates. that said, they need to very importantly look at the different components within the consumer basket. where are they seeing that pullback. they are seeing that pullback in those big durable goods and that is triggering some discounting. for me the name, of the story going forward is to look at the economy in a divided way. which parts are seeing that transmission of monetary policy. and is it filtering into the broader economy. so the sector data points, the micro data is important right now. alix: you are in purchase, guy is in snarkyville and i should be in shoeville. this is bloomberg. ♪ what if we wanted to electrify all of this... 100% carbon free... is it possible? ♪♪ aes has been lea

the mastercard estimate occurred in 2021. well public block chain intelligence systems like jean analysis and -- are beginning to peel tremulous and cryptocurrencies or exchange for others, job to keep the origins or usag they do poorly when assessing where the money goes after conversion into a privacy coin, a centralizedvirtual currency like ali pay, or other alternative payment syem. traditional follow the money approaches often miss the role played by the alrnative payment ecosystem, we will call it the eighth for short. especially when executed thout a generalized understanding of the constantly morphing set of companies and services that are part of it. focusing only on cryptocurrency risks, misuerstanding the school. less global and thriving ecosystem. combined, these virtual currency payment systems and value court systems fuel the shadow economy, as well as enabling very positive changes for the world unbanked. i define this as an ecosystem because they are all connected through hundreds of virtual currency exchanges

tambiÉn en original y copia y para hacer el pago puede ser con una tarjeta de crÉdito o dÉbito mastercardpuede ayudar al omento de tomar una decisiÓn. hÉctor: lo que quiere el programa es orientar aquellos que viajen a mÉxico durante estas fechas a que puedan hacerlo de una forma segura, lo invitamos a que visite la pÁgina de univisiÓn 14, allÍ iba a encontrar todos los datos que se aporten en esta guÍa hÉroes paisanos. presentadora: luego de las lluvias de hoy, las condiciones van a mejorar este viernes, pero viene otro sistema en camino, nuestra meteorÓloga nos explica. ya dirÁ: recuerde que esta noche y madrugada vamos a ver chubascos en la Área, vamos a ir mejorando para maÑana y por supuesto, mÁs adelante le cuento quÉ podemos esperar y recuerde que cuando tenemos esas condiciones de nublados y lluvias, la temperatura mÍnima en la madrugada no baja tanto, pero vamos a estar en santa rosa en los 37, tambiÉn en napa hacia fairfield en los 36 grados. maÑana vamos a tener todavÍa con nubes, nubes medias y no vamos a tener un aumento notable en las temperaturas, estaremos todavÍa en los 5

shares of mastercard and lowe's trading in opposite directions mastercard by $9 billion lowe's by 15 billion "perun" lle gh backchwi brit >>> welcome back the labor market has been one of the bright spots for the economy in year, but there's one place where the skies have definitely turned cloudy and that's in tech according to jeffrey's, over 210,000 tech workers have lost their jobs this year amid mounting fears of a recession. nearly all the big players have been impacted with cuts from meta, amazon, microsoft, and others our next guest says these reductions are signs the industry is facing a new reality and there could be more cuts on the way. let's bring in brent phil from jeffrey's. great to see you again perversely, does this make you positive on any of these stocks because it means they're cutting back expenses quite dramatically >> i think it's the early signs of time to get positive. clearly, it's been a really tough '22. it's going to be a rough first half of 2023 we think there are more job cuts underway we published this report last night. just this morning, both suora a

melissa, what do the numbers show us about the health of the consumer >> mastercard poll spending shows that numbers are up 7.6% for holiday sales. that is better than some feared. the question is how are consumers paying for the purchases? there are signs of strain and they are hidden in the same numbers that mastercard put out that the bigger ticket categories are showing softer sales. things like tvs or jewelry is actually declining that is an indication that consumers are thinking twice over those categories. >> it tends to be the discretion a adiscretionary items over food e need to buy. you made mention of it, but are we seeing more signs of stress is there more credit card use? are we seeing more buy now pay later or lay away activity what do you look at as the retail reporter that the consumer is doing great versus not great at all >> two things are here savings rates are going down people are putting less in savings. you have to remember that people did sock away a bit of money with stimulus checks and money they saved >> drawing on savings. as you watch the overall consumer pi

so we're more bullish on mastercard and visa.ross-border comes in at 10x, and most people don't know that. ten times the yield in the regular transaction owso if americans are going to europe to shop, visa and mastercard make ten times more yield on that transaction, but i would view this more of a trade than an investment i think the headwinds for the networks in terms of visa which is coming live later this year and basically saturation of cash to card are the bigger '23, '24 themes while the trend of cross border will be a nice bump i think it's a crowded trade and most of the buy side is already there. >> dan, always great to get your insight. thank you for being with us. >> dan dolev >>> microsoft notch the top spot when it comes to management according to a new report. we'll find out why and talk about payment second when "tech chec iba ia nuk"s ckn mite ♪ ♪ >>> according to the days of the year.com, today is poinsettia day and ginger bread house day and more important for investors it's a significant market anniversary. 42

a new report from mastercard says u.s. retail spending increased by 7.6% from last year this holiday season. that was higher than its initial forecast but does lag lag last year's pop joining me to break down winners and losers, former macy's ceo and chairman terry lundgren, retail expert. i don't know what to make of the data it's not inflation adjusted. we have a 7.1% inflation rate. couldn't it just be that we have to spend more on all this stuff we're buying for the holidays? >> well, first of all, i'm thrilled with the numbers. because last year was a record unbelievable 8.5% last year in the holiday season so to put that type of increase on top of last year's numbers, sara, i think was quite extraordinary. it just shows you that the consumer has money to spend and is willing to spend and they showed that these last weeks what is the perception of where they're spending there's a gap that's widening between goods and services for sure >> definitely. i think that gap will accelerate we saw a drawback to goods during th

mastercard reports retail sales are up more than 7% from last year.at out during the holidays. restaurant spending up 15% well, we are just days away from 2023. many of us will ring in the new year with new year's resolutions standard list. includes exercising more cutting back on social media working on career advancement. whatever your goals are, behavioral experts say they should be smart, and that's an acronym standing for specific, measurable, achievable, relevant and timely. i might want to move my body more. and so i might start by going to the gym or going to yoga once a week, and then after three weeks, maybe i build on that if you make your goals more specific, like that, you have an ability to track them and then maybe change it up. if it feels like it's not working for you. experts say you can have more success following through on resolutions in the long run by identifying the reason you want to make those adjustments? why is it that you want to make a change? these are questions of purpose and values and meaning. so maybe you do want to

that's according to data from mastercard. spending poles show a slower pace of last years growth of 8.5%. latest data does not include auto industry sales and is not adjusted for inflation. >>> a lot of small businesses experiencing a rough holiday season. consumer analysts expect as many as 50,000 small businesses could go under in the next few years. an independent bookstore in san jose helps to buck that trend. >> if there is a season for everything, there this is a season of economic uncertainty. people are not spending with wild abandon. here in the shopping district, we did find a bookstore that managed to have strong sales this holiday season. >> the holidays look very good this year. >> reporter: gobies has been in business for 40 years. offering classics and newfound treasures of the written word to generations of children like lily king. >> i got some gift cards for my family and friends and i thought i could go and spend some money for books because i'm really into them. >> reporter: but a general shift to online s

a lot of people have money on the line, mastercard would be among them.astercard out with a statement that is sees inflation peaking but it is going to remain above pre-covid levels well into 2023. in their case it, it is something that their whole business depends on and they're saying it is kind of like the quasi-best of both worlds. it is still out there. not as out there as we feared for next year. what do you think? >> yeah. aren't semantics funny, neil? we couldn't find inflation even if we tried to create it. to say it goes back not to pre-covid levels is a heck of a statement. but to that point of yours maybe we get to another plateau here, maybe inflation levels off at 6% longer term, which wouldn't be awful. jonathan's point is exactly prescient. jonathan you clearly stole to my notes i sent to everybody ahead of the show, rates are coming down. inflation is getting worse, more rate hikes are happening from the fed? open market interest rate on 30 year, five-year, 10-year, two year, i could go on and on because the market knows that the fed is c

mastercard says lower than sales growth seen last year but higher than the forecast back in september. spending was fueled by restaurants and clothing. mastercard says online sales jumped more than 10% and in-person spending up about 7%. >>> this morning our team is it continuing to track that storm. ahead for you right here on the 5:00 hour, live team coverage on the areas hit the hardest. >> reporter: here in the north bay, they're already getting hit hard pummeled with rain. take a look at the creek this morning. we'll be back with a live look at what's happening here and what peoplhere are bracing e what peoplhere are bracing e - life is uncertain. everyday pressures can feel overwhelming it's okay to feel stressed, anxious, worried, or frustrated. it's normal. with calhope's free and secure mental health resources, it's easy to get the help you and your loved ones need when you need it the most. call our warm line at (833) 317-4673 or live chat at calhope.org today. >>> right now at 5:30 tracking the storm. a live look where the rain continues to come down across the bay area. we

i know visa and mastercard are against it but walmart and target say it would lower cost for consumersjeff: i would make a few comments. that regulation is actually not targeted at american express because we run a very different kind of business. but regulation is always challenging and i guess we are believers in the free market, and we think that the market, as you pointed out with the offer you just got, is very competitive in the states we are in and i would suggest perhaps the government should keep it as it is today. jon: thanks for joining us. american express cfo, jeff campbell, talking at the goldman sachs conference with our superstar reporter sonali basak grabbing some very exclusive interviews down there. really cool stuff at the conference today and an interesting market move after strong data from the u.s. economy. jon: i think some of those messages, an upbeat tone from the cfo of american express, but still an economic road uncertain. and we are seeing the weakness in the markets today per the s&p under pressure to the tune of 1.5%, and as noted earlier, a 1.8% decline

see increases higher that well, mastercard forecast in september. however, this year's holiday retail sales growth is less than what we saw last year due to inflation. and now that christmas is over, stores are having deals, even more deals. we had some even going into christmas, especially since much of the country was in a deep freeze in those final few shopping days before christmas, amazon's deal pages, markdowns and tons of useful items from tech to home essentials. and then the target clearance from that's a sales event that features deals on things like clothing and shoes and toys. beauty home decor and more is on as well. many local stores are also having deals and sales to fish at the end of the year. and the car dealership guy dot com reports that the last 10 days of december are a car buyers fantasy. they says sales are super slow and buyers have lots of leverage. older cars need to go by the end of the year. and the dealers are motivated to sell sometimes at their cost. live from the nasdaq market site. i'm jane king. i am not buying ano

all on a single prepaid mastercard you can use at thousands of locations nationwide.call anthem blue cross at 833-797-4179 or visit anthem.com/answers and get a medicare plan with zero compromises for you and your wallet. kristen: through fallout from students from the merger of mills college and northeastern university. graduate student say they have not received federal financial aid this semester despite promises their cost will not increase following the merger. larry: are i-team reporter has more on what is causing the problem and what northeastern university leaders are saying they are doing. reporter: she says she is the first and her family to graduate high school, college and soon graduate school. hamilton is a full-time second-year masters in public policy student who works full-time and is a full-time all to her son teddy. >> the semester has been very stressful. reporter: in part because of issues with her federal financial aid at al's college at northeastern university. mills college in oakland merged this past summer. the northeastern university student

all on a single prepaid mastercard you can use at thousands of locations nationwide.l anthem blue cross at 833-797-4179 or visit anthem.com/answers and get a medicare plan with zero compromises for you and your wallet. >>> well, the snow is piling up at the central sierra snow lab in soda springs. they got more than 5 1/2 inches overnight, and they are expecting another 20 to 30 inches today, and more this weekend . heavy snow in the sierra, good news for the tahoe resorts the open early this season. as kpix 5's katie nielsen is about to show you it also means big business for ski shops . >> have you tried them on? >> one of the owners of the canfield snow shop, they can barely keep up now, with all the other business. expect the minute the first snow hits it's like i've got to get all my gear ready, except there's only a small number of stores in the bay who do this as a specialized line of work. >> the shop has been family owned since it opened 50 years ago, in 1972. they sell see ski and snowboard equipment and do tuneups, but they are best known for boot fitting.

mastercard says retail sales were up by more than 7.5% compared to last year.pected, that atmosphere river brought us a good amount of rain last night into this morning. now we are just on the tail end with mostly cloudy skies in a few sprinkles around the bay area. here's a view into san francisco were folks are on the go this evening, and if you are getting out, you are going to be okay without the umbrella. just a few scattered showers remaining in place and areas primarily over the south bay 51 degrees right now in santa rosa , 53 concord, 55 in san jose, santa rosa and conquer, reporting mostly clear skies at this time, our skies will continue to clear into the overnight hours and tomorrow morning with the dry air and the clear skies. we're going to be chillier than where we were this morning. it's still a little bit of a breeze in our hills. mount diablo reporting. 32 mph mount st helena in the north, paper reporting and 25, but for most of us, the winds are light income sfl reporting. 12 mph half moon by heyward reporting calm conditions. livermore and s

. >> reporter: a mastercard release today says sales rose more than 7.5% during the holidays. that's slightly better than expected but slower than the increase last year. economists believe it is due to the not vegas. the result. holiday bargains and sales signs were all over the mall. >> i just came to exchange a jersey. seeing what they have to offer, we'll see what else we can find. probably spend more money. >> reporter: that's what malls and shopping centers are hoping for. a rush of bargain hunters. among the biggest barring ans, christmas decorations for those looking to get a jump on next year. and santa is no longer in his chair but the season is still in the air. the glow of post holiday discounts. damian trujillo, nbc bay area news. >>> the talk is all about the weather. we have a storm coming in. when will we start getting wet? >> you can see some of the rain pushing across the coast, and wind, too. you may not enjoy that. the wind advisories anded in watches going into effect. you can see, it is not too windy yet. tomorrow morning, things will be changing as the s

all on a single prepaid mastercard you can use at thousands of locations nationwide.all anthem blue cross at 833-797-4179 or visit anthem.com/answers and get a medicare plan with zero compromises for you and your wallet. >>> crews are working to winterize of road before the rain arrives. to try to prevent potential mudslides and flooding . driver should watch out for lane and shoulder closures. it will be a first alert weather day tomorrow. and you are getting us all prepared. >> it will be a very challenging morning commute . you want to focus on the road ahead of you. and that wind cannot stuff on the road and cause problems in your peripheral business. >> the patient. let's take a look at the big picture perspective. the storm system will send rain into the bay area . it will be a wet and windy morning. that system moves too quickly. the next one will be dropping and by the weekend. more rain chances by saturday and sunday. let's take a look at the first alert doppler right now . there is a chance of a passing shower or sprinkle developing north of the golden gate.

. >>> americans are spending more this holiday season, according to a new report from mastercard. u.s. retail sales rose 7.6% between november 1 and christmas eve. that jump was higher-than-expected and likely due to retailers offering steep discounts as they get rid of excess inventory. >>> after a day of gifts on christmas, now comes the rush for those returns, but this year, that might be a little bit harder to do. reporter nancy chen explains why policies look different this time around. >> reporter: with the holiday shopping season other way, enters tender . crackdown on online returns. the cost to return an item by mail at zara, $3.95. for dillards , that return shipping cost will set you back almost $10. they are all part of a growing list of retailers charging return fees typically in the range of three dollars to $10 to send back purchases. >> is someone who likes to shop and return things often, i hate it. >> reporter: shops almost entirely online and was recently hit with return fees after ordering multiple pairs of pants. >> i haven't been able to find a pair that fits

mastercard reporting year-over-year holiday sales were up nearly 8% but what about those gifts you got that just missed the mark brian cheung now with what you need to know in the race to return. >> reporter: tonight, the season for gift giving turning into the time for gift returning. americans will return an estimated $171 billion in merchandise this holiday season. >> you don't know if the person is going to really want what you were giving them >> reporter: julie frankie is a holiday returns regular and getting the best value is a priority, especially when she plans to return a quarter of her purchases. is returning a sport for you, julie >> i would say that yes. part of it is definitely a sport where i think i've excelled and some of it can be stressful. >> reporter: stores flush with inventory and facing rising costs may not want that stuff back. an estimated 60% of retailers are changing policies, making returning items harder more and more stores now charging for the service. >> it's always great to reach out to customer service, which you can do in store or online or via the p

thanks to tom for that report >>> despite inflation hitting 7% last month people just kept shopping mastercard reporting holiday sales were up 7.6% but what about the gifts you got that just missed the mark? brian chung has helpful tips all right season for gift giving turning into the time for gift returning. americans will return an estimated $171 billion in merchandise this holiday season. >> we don't know if the person is really going to want what were you giving them >> reporter: julie frankie is holiday returns regular and getting the best value is a priority especially when she plans to return a quarter of her purchases. is returning a sport for you, julie? >> i would say that, yes part of it is definitely a sport where i think i've excelled. and some of it can be stressful. >> reporter: stores flush with inventory and facing rising costs may not want that stuff back an estimated 60% of retailers are changing policies, making returning items harder more and more stores now charging for the service >> it's always great to reach out to customer service, which you can do in store or online

in fact, mastercard says retail sales rose more than 7.5% during the holidays. slightly better than expected but not quite as good as last year. economists blame inflation and the looming threat of recession. the result, post-holiday bargains. >> i just came to change a jersey, but now seeing a lot of the sales and a lot of what is on offer, we're going to walk around and see what else we can find. >> among the biggest bargains, christmas decorations if you want to get a jump on next year's tree. >>> live look from san francisco tonight. major rainstorm rolling into the bay area as we speak. rain already falling from sonoma to san jose. in the north bay, a flood watch will take effect overnight as the heart of that storm moves in. and if you live in the shadow of recent wildfires, the rain could be much more than just a nuisance. nbc bay area's pete suratos explains from santa rosa. >> reporter: fire crews will be closely monitoring those burn scars from the glass fire that took place in 2020. however, in speaking to locals in the area, they say that preparing f

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mastercard says retail sales were up by more than 7.5% compared to last year.oming up here on the nine plunges some 200 ft down the side of a mountain with a woman inside how her family members founder in southern california after she went missing and as we near the end of 2020 to wrap up at the stories that were caught on camera ranging from happy said peculiar and much more all those emotions and more and the warriors play in 2022. we cannot forget the warriors. they had a big year to begin with the return of clay thompson after he was sidelined with injuries for more than 90 games team went on to win the nba championship. stephan curry received a number of awards, including the nba finals, most valuable player and sports illustrated sports person of the year. however it's been a rough fall and winter for the team with a number of injuries. fans of the wars will turn things around. come 2023. they beat the hornets last night and are one game shy if you're buzzed and doing this... to make yourself feel okay to drive... you're not okay to drive. norman, bad new

. >> reporter: a mastercard report shows retail sales rose more than 7.5% during the holidays, slightlyted but slower than the increase last year, economists believe it is due to inflation and the looming threat of a recession, the result is post holiday bargains. >> i just came and we are going to walk around and see what else we can find. probably spend more money. >> that's what malls and shopping centers are hoping for, a rush of post-christmas bargain hunters, likes the big is biggest bargains, christmas decorations looking to get a jump on next year. no longer in his chair, the spirit of the season is still in the air, and age -- the shoppers bask in the glow of postholiday discounts. >> nbc bay area news. >> getting ready to provide extra services for writers you have big plans. they're going to run later than normal but keep three lines going after midnight, yellow, orange and blue lines, leaving san francisco at 1:30 am, the final southbound will leave around 2:10 am. >>> list take you live at the palisades resort in lake tahoe. it's tough to see right there, does not let up, a

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all on a single prepaid mastercard you can use at thousands of locations nationwide. call anthem blue cross at 833-797-4179 or visit anthem.com/answers and get a medicare plan with zero compromises for you and your wallet. >> house democrats today elected new leaders for the incoming 100 18th congress. and that included new york congressman hakeem jeffries has some minority kron four's. catherine heenan is in our newsroom right now with more on the history making moves catherine. yeah, well, one new came jeffries does take over in january as >> the leader of house democrats, he will become the first black person to lead a majorapolitical party in congress. but this was also a generational shift. jefferies along with the democrats pick for the number 2, 3 positions will be taking over for 3 octogenarians who have been in leadership for 2 decades, including, of course, current house speaker nancy pelosi. the 82 year-old announcing this month that although she will stay in congress, she's stepping away from her leadership position. jeffrey says he's ready to get things d

. >> any transaction that i potentially make, what if it's visa and mastercard.ou have the vast majority of our transactions cataloged and a lot of this came after january 6. if it's going on hyper drive after that. the threat of domestic extremism. if you pull in the banks through the pressure, you can put pressure on gun sales by saying don't bank with gun dealers or manufacturers. that's the esg pressure. they are already doing it. they are going at the private sector to do their bidding. if you can cut off oil companies from being able to take off loans you undercut the business without getting rid of the second amendment. that's their goal. dan: i didn't factor melugin in. >> he has a blow dryer at the border. dan: i am talking to pete about his hair. don't cut that out of the show. apple just sided with the come commies. dan: it's easy to look at the censorship going on in china and say it can't happen here. here is how it looks in china right now. the american media covered the rare protest. but in china any traces of unrest are wiped off social media plat

genocide, that's us, residents of nam may be a say, germany has failed to adequately atone for a mastercard. it committed their run the same time with south africa. president faces spiraling corruption accusations with the national parliament soon to consider whether to begin the impeachment process again. cyril around with the u. s. congress overwhelmingly. rejects demands by real way, workers for extra days of sick leave. after quickly approving billions of dollars for you, create a 60 m and bought a key at 7 p. m and singapore and 2 in the afternoon right here in moscow this friday. welcome to the r t news hour. we begin with the latest from the dumbass region. not least 2 people have been killed after ukrainian forces shelled civilian areas in the done yet republic. according to local authorities, the official se key of forces launched dozens of artillery shells against civilian areas which started on friday morning. a number of residential buildings, as you can see here, rolled so damaged while a bus in the regions capital danielle was hit with reports sitting there are a number of cas

it's late that mexico double their lead with a mastercard. so long rang loose spicy to free, kicked one quarter, bringing them one step closer to the round of 16. but saudi arabia pulled the light, go back and in retirement, solid out the sorry thought to make it to one the result. but neither side would make it out of the mexico. missing out on the last 16, st. poland on gold difference. to group dana australia. well one know when it's over denmark, to book that ticket into the round of 16. it was a widow got home situation for the 1st half saw them unable to get straight. go, keep up, matthew roared a quick counselor, tackle the buck. so straight forward, matthew. lucky them provide a lovely finish to put the sucker the head kept on attacking. if i needed to go to guys through the reading defense these, he qualified for the round of 16 for the 1st time since the 2006 woke up in germany . i think the 2nd in the group with 6 points and they'll face some feller. cool. little missy tina. next. what she needs you be writing well champion france

those residents of nam may be a say, germany has failed to adequately atone for a mastercard. it committed their around the same time with africa. president faces spiraling corruption, accusations with the national parliaments to.

china is union card, moved into russia to help transactions with recent -- mastercard pulled out. when will president biden stand up to china and say cut it out? >> reporter: i would like to think he would have done that a long time ago which he should have but he hasn't. because of that china will continue to effectively finance russia's war effort. the chinese are making their financial system available to russian institutions that have been sanctions. chinese diplomats have been put in service at the kremlin. as important from beijing's perspective, chinese central government and chinese party propaganda outlets have gone full in on disseminating russian disinformation. china has supplied military information and assistance to russia and president biden has given a lot of warnings but hasn't done anything. the united states is feeble and not going to step in. edward: do you think to end the invasion of ukraine the united states puts more pressure on china? >> absolutely. we have a lot of reasons to do that. the ukraine war is only one of them. when the president of the united s