they have a small business loan that's starting to make waves. they announced a newi familiar that allows small business owners to apply for shor short-term loans and get approved in minutes. we don't have any numbers get. maybe we'll get a report about it wednesday. let's start with loan growth. at square they extended $153 billion. that's up 3% year over year, but up nearly 4%. the growth is going pretty dramatically. paypal had $488 million in outstanding advances and fee the receivable. that's up nearly 16% from the previous quarter. how about on deck? their originations came in at 570 million. that's up 30% year on year. that's a deceleration from the company's 50% plus loan growth over the previous four quarters. paypal's the steadiest. next, we need to look at the default rate. it shows how good these lenders are at screening out deadbeat borrowers. square capital had 4%. on deck ck came in at 5.7%, but that's bad. paypal doesn't specifically provide douefault rates. you get a 1.2% douefault rate. when news broke that americans were moving into the small loan

and then, he can go qualify, hopefully, for a new loan.e way, continue to be proactive with lenders. there's new programs that come up literally every month. here's the frustrating part of this dialogue. on "the property man," we've covered so many topics. some homeowners, they've lived in their homes for years and never made a payment, and the house is underwater. here, we have a great american. we have a veteran. he's never been late on his payment, going through his savings, and he can't get any help at all. just doesn't seem right. up next, in the "massi memo," i'm gonna review the options for people like david who are looking to refinance. plus, i'm gonna give you more tips on fortifying your home. so stick around. [ woman vocalizing ] what super poligrip does for me is it keeps the food out. before those little pieces would get in between my dentures and my gum and it was uncomfortable. just a few dabs is clinically proven to seal out more food particles. super poligrip is part of my life now. you can fly across welcome town in minut

a new loan product from one of the nation's largest private equity firms is betting on the red hot rental market and doling out cash to investors regardless of income. diana olick explains how it works. >> reporter: during the housing crash, this florida home was headed for foreclosure but investor brian russo put down the cash and turned it into a profitable rental. now, it's worth nearly twice its former value, but russo couldn't capitalize on that. >> there weren't a lot of opportunities for us to pull that cash out of these properties and using leverage to get into additional properties. >> reporter: until now. b2r, a plaquestone-owned company, recently launched a new mortgage product for investors based largely on the rental income of the property. up to $750,000 per property. here's how it works. you need a minimum 20% equity in the home for purchase or 25% on a refi. then, the rent on that home has to be 33% higher than your costs which include principal payments, interest, insurance and taxes. you also need a minimum 680 fico credit score. mortgage broker matt weaver says it's jus

we also had a surge in new loans in june. oft we are seeing is kind losing steam a little bit.ot only in tier one cities, but also secondary cities. this is year-over-year, still more cities out of the 70 are seeing price gains year-over-year. this tends to have a lack effect -- lag effect. we like to see month over month because that is where we see the trend petering out. the number one city, 55 compared to 60. yvonne: we are seeing a possible peak in april. what about individual cities? >> you are still seeing that. month over month, beijing up 2.1%. shanghai up 2%. --wn john is the interesting chin jin is the interesting one. 46 in june. month over month, also very interesting because it really slowed and may. -- in may. the government imposed those restrictions. look what happened in june, more demand.mand -- pent up yvonne: qs so much. we have been asking our guests for their reaction to this property prices. there will be further cooling off. see, especially from the strong base last year. in 22017, the growth will be growth into 2017, the will even be more obvious. expe

avoid them being zombie banks just because they are not able to be sufficiently profitable, generate new loansfrain that we need to leave in october. issues andelicate you have to reduce employment, these are not politically very easy things to do. joining us now for more is the bloomberg managing editor for european finance. is there really a fear that the italian thanking crisis can come systemic and spread across europe? >> we are clearly seeing a distress where the european bank are pushing substantially lower today. that was the deaths -- death of the sovereign crisis. other measures of distress are not as acute. i think we are in a situation where there is a lot of frailty in the system. that not inconceivable that could spark a deepening of that crisis. mark: check out the chart. of capitalortion reserve. highlighted the issue. above 100, a warning that banks need a solution quickly and bottom or top of the chart, where are we? are we near interjection? how are talks going between italy and the european union? being discussed, how quickly a decision might be reached. andwhat of a hard d

three companies violating state law when they purchased new loans they new were fraudulent. in her youtube video and her attorneys, she and other students are saddled with millions of dollars of student loan debt and sub jekted to hara harassing -- subjected to har s harassing phone calls from debt collect collectors. >> the defendants knew corinthians former students had not as one attorney general said it received any benefit from corinthian schools but they bought these loans anyway and trying to collect them from the victims despite that knowledge. >> the department of education has forgiven millions of dollars from government loans. those with private loans are still receiving bills. the defendant's name is turn tile capital management and university accounting service. we were unsuccessful reaching them for comment. >>> seems we are all hooked on mobile devices. the fcc opened the way for super fast wireless communication. the fcc voted to allow development of so-called 5 g wireless technology, fifth generation of broadband. right now our latest devices are using 4g net

's, $1.38 trillion -- $1.3 trillion, the second-highest figure of this year, for new loans. it shows they are pumping lots of money into the economy. aggregate financing much better than expected, 1.63%. you have to be careful between better and bigger. money supply also surging 1120%. -- 11.28%.arting they are shopping. angie: a pretty -- yvonne: a pretty good set of numbers. let's go back to the markets to see if there was reaction to that data slump. juliette, what a week it has been. juliette: absolutely, yvonne. you can have a look at most of the markets in the asian region. they are still tracking higher. we have seen a little bit of a switch out from the shanghai market. if we could get the graphic up, it is down by about 1/3 of 1%. there we go, down by 1/10 of 1%. a little bit of a switch out from that earlier high. this is wherean, the support has been this week, and really driven this rally and a queen markets. the nikkei 225 a by 1%. -- up by 1%. in japan, we are looking at the best weekly gain for japanese equities since december 2009. regionally, we are looking

the federal government just lowered the interest rate on new loans by half%.sound like much, it does, host, come at a time of mill yep loose ya'll are drowning in debt. debt that many tell our joyce evans is killing their professional lives before they even get started. ♪ >> reporter: did you it! closing the final chapter on adolescents. moving on to the next phase. ♪ >> reporter: family, mortgage. but not so fast. >> currently i'm about $40,000 in debt. >> literally going to be 20,000. >> i don't like to think about it because it's scary. >> reporter: it's a new right of passage. steeply on the rise and there's nothing here to cheer about. >> it's hard to want an education when you're paying so much money for it. >> reporter: more than a trillion dollars in student loan debt sending more than 40 million stumbling into adulthood. and i don't know. >> you talk to anybody and they're just in debt up to their eye balls. >> reporter: and it's weighing heavily on our newsroom interns clamoring to land jobs. >> i mean there's people who don't go to college who are m

but the firm plans to take out new bank loans for the arm deal. in march softbank's interest-bearing debt exceeded $110 billion. that's due to acquiring other firms. son says the company has stable income coming from its core business of mobile phones. he says the firm's overall deb will not change much. iot can create an online network linking. one major application will be self-driving cars.. vehicles will be able to discover the location of other cars as well as road signs and traffic signals. this could help prevent accidents and congestion. microwave ovens like this one can also be equipped with iot technology, can check the weweather forecacast, and sugge recipe using voioice technology. >> will lead semiconductors to control their sensors and other devices through the internet. they're working to take control in the semiconductor market. >> translator: from telephone poles to street lamps, the internet will connect all sorts of things. the network will also take in industrial equipment including jet engines and cars. i believe we'll all be

the federal government just lowered the interest rate on new loans by half%.sound like much, but it does come at a time when millennials are drowning in debt. debt that many tell our joyce evans is killing their personal and professional lives before they even get started. ♪ >> reporter: you did it! closing the final chapter on adolescents. moving on to the next phase. >> ♪ >> reporter: career, family, mortgage. but not so fast. >> currently i'm about $40,000 in debt. >> it's literally going to be 20,000. >> i don't like to think about it because it's scary. >> reporter: it's a new right of passage. steeply on the rise and there's nothing here to cheer about. >> it's hard to want an education when you're paying so much money for it. >> reporter: more than a trillion dollars in student loan debt sending more than 40 million stumbling into adulthood and beyond. >> i mean you talk to anybody and they're just in debt up to their eye balls. >> reporter: and it's weighing heavily on our newsroom interns clamoring to land jobs. >> i mean there's people who don't go t

localng news, china's currency loan for june came in at 1.3 trillion yuan, bigger than estimates, higher than yuan.s 98.5 billion we have seen credit fueled growth in china continue, including liquidity supply in terms of credit. again, china june new yuan coming in at 1.3 8 trillion yuan, beating estimates. let's go back to our top story this morning, the attack in the south of france. a truck drove into a crowd, killing at least 77 people. hasident francois hollande spoken in paris, saying 10,000 security forces will be deployed, including army reservists. us fromcencio joins paris with more. what else did the president say? said,top of what you just he is the clearing a state of emergency that he initiated last november during the bottom on attacks will be -- the by tech attacks will be extended by three months, until october 26. the country will be under a state of emergency for nearly a year. on top of that, the president also referenced the threat of islamic terrorism during his remarks that he just finish up in the past few minutes. he spoke about 20 minutes ago, started speaking

them being zombie banks, just because they are not able to be sufficiently profitable to generate new loansis a series of effects that are politically costly -- i know there's a referendum in october and banks are delicate issue and you have to reduce employment and put money into banks when it's not politically easy and to sell to the public. anna: you are talking of recapitalization. germany wants to see the recapitalization done by the private sector, by those that hold the debt. does it need to be the taxpayer that is the backstop for italy and the wider european banking system? >> well, in theory, it shouldn't be. we have implemented all these rules to avoid the taxpayers having to fill in for the private sector. but when you have a systemic crisis when there is a risk of and fulfilling expectations the banking system has problems, in these situations you need the taxpayer and the public sector, union policy to step in and to intervene but the quicker the speculationop the and then you need to get out. it's not as easy in some countries, but ultimately if you don't accept the taxpayer

but the firm plans to take out new bank loans worth $9.4 billion for the arm deal. in march, softbank's interest-bearing debt exceeded $110 billion, that's due to acquiring other firms including a u.s. telecom operator. softbank chief executive son says the company has a stable income coming from its core business of mobile phones. he says the firm's overall debt will not change much. iot can create a huge online network linking all kinds of items that come loaded with sensors and communication functions. one major application will be self-driving cars. vehicles will be able to discover the location of other cars as well as road signs and traffic signals. this could help prevent accidents and congestion. microwave ovens like this can also be equipped with iot technology. it can check the weather forecast and suggest a recipe using voice technology. in the world of iot, appliances will need semiconductors to control their sensors and communicate with other devices through the internet. softbank is aiming to take advantage of arm's strength in the global semiconductor

. >>> and a new jersey student loan program accused of driving families into ruin even when borrowerscome sick or die. >>> that's the cbs morning news for this wednesday. thanks for watching. i'm meg oliver. have a great day. >>> no confidence, why temple's board of director is seeking to fire the university's president. >>> we will show you how in southwest philadelphia neighborhood honored a teenager gun down after a basketball game, as police continue to search for his killer. >>> two presidential nominees make moves on running mates find out who is now on the short list. >>> good morning, it is wednesday, july the 13th i'm jim donovan. >>> i'm brooke thomas. katie will be here later but right now a live look outside from our roof cam, center cities looking clear as you roll out of bed but do not be surprised, if you see scattered showers today. >> we knew they were coming. here's a lookt

bre the companies will offer students with amazon prime a halfper discount on any new or refinance loans from wells fargo. students who sign up for automatic payments can get additional quarter% reduction on their loans. not bad at all.. this is truly the ends of of an era, japanese electronic c will stop making vhs cassettes.v they willh stop production thedt end of the month. who has one any way. >> i do still. >> this will mark the end of the vhs format decades after it debuted. declining seals and troubling getting new parts. he was hugely popular back in the 1980s. the company sold as many as 15 million vcr's a year at its peek. a last year the company sold 750 thousand. >> there still selling 750 thousand. >> i still have old resume take place i don't know how to play them into that that's why i kept them. i got one if you need it. it works. >> you still have it hooked up. >> no in a closet but i have it. >> next thing no one is going to need a dvr you know what that >> let's not talk about that. >> it was a dramatic night atic the navy yard. >> it took a pinch hitter to get a w. >

viable and avoid them being zombie banks because they cannot be sufficiently profitable to generate new loanssteps which are politically costly. banks are delicate issues and you have to reduce employment and put money into banks. it's not politically very easy things to do and to sell to the public opinion. that was the societe generale ceo. vragling says he does not see a threat from italian banks. i hope italy finds a way to recapitalize but i don't think it's a moment to give up the framework we created over the last few years. the banking union is a major achievement for monetary union. the ecb has done a tremendous operational and an important part of that is the so-called drid and our states. this is important to make it possible to have a common supervisor for the 130 systemically important banks in the euro area and have a common framework. it's very important to protect this framework. the framework also allows many ways out even in a situation like we see today. is inalian government dialogue with the european commission how to apply the framework to these specific circumstances. i

. >>> and a closer look at a new jersey student loan program we'll talk with mitch lowe, the ceo of moviepass. that's the cbs morning news this wednesday. thanks for watching. i'm meg oliver. have a great day. ,,,, ,$8drw >>> it is time to wake up and take a good look at this. a look at the bay bridge from the pyramid camera this morning. it is wednesday, july 13, good morning, i'm kenny choi. >> i'm michelle griego. let's get our first check of weather and traffic. the gang is back together. >> yeah! >> the band is back. >> the band! >> all right. >> and with the band, it's the hotter weather. i'm coming back, it's hotter. i don't know if that's a good thing. good morning, everybody. outside now we have a thin layer of low clouds and fog stacked up next to the coast and working its way into the bay. we have clear skies inland. 61 concord. 58 mountain view. temperatures into the mid-90s. 70s bayside, 8 across 85 across the bay approaching 70 in san francisco. we're talking triple digits. i'll tell you how soon to expect it. >> hello. we start in the south bay with roadwork. 101 both direc

news. the loan process is over and it appears that verizon has come out on top of the bidding war for yahoo!. reports say verizon has to pay to pay $4.8 billion for yahoo!'s core internet business and finance news sports desk of the real estate as well. the dx liked it to be announced early today. lauren: lexicon of the global market action overnight. stocks in asia started the week. the shanghai composite in china at the 10th of 1% and the kospi in south korea up a 10th of 1%. you do see the nikkei and japan ahead of the bank of japan. dan just fractionally in the hang seng down fractionally. nicole: lucas in gdp numbers from the heroes. a fed meeting this week let's look at european markets. the london ftse up two tenths of 1%. the cac in france for three quarters of 1%. german dax has a number better than it up almost 1% this morning. lauren: are great now sapping u.s. futures at home? dow futures indicate a 10-point jump at the open in the past three weeks the markets have been higher. the dow has gained 1200 points in those four weeks. s&p futures up one play. nothing features up about

but you want to keep in mind that when you refinance your loan, you're buying a brand new financial product. so see how much that's going to cost you in closing costs. and then divide that number with how much you'll save per month on your loan. so say it's a $3,000 mortgage brand new mortgage, right? but you're saving $300 a moshgs that's how many months it takes f you're going to be in that home for that long, do it f you're not, you might want to see if can you get a cheaper product. right now the banks really want you to do this. so there is some insentive there. >> definitely. >> the biggest investment that you're going to make is in your career r there steps we should be taking now even though we want to just leave early and go on vacation as much as we can in the summer but where we can focus on our career and that inve investment. >> when you watch other people leave early and walk out the door, it may be a good time to step into your boss's office and say let's talk about what i'm doing. the summer months when it's not as crazed in the office, might be a good time to re-evaluate yo

we will talk about that in inside the quicken loans arena. >> back to new a moment. >> but, now, mikeditions outside. it hooks like it will be a cool

loan book can you be? vernon: you can never be 100% sure. this is the fifth newne from scratch and we have a loan book that is both consumer and commercial banking. frankly, we feel very confident about our loan book. caroline: loans are up 110% year on year. we will be speaking about the implications of brexit, next. up next, uncertainty abounds. we hear how businesses are coming to terms with the impact of the brexit vote. this is bloomberg. ♪ anna: welcome back to "on the move. 10 minutes into your trading day. france is outperforming. we are currently up .6% on the stoxx 600. the ftse is up 0.5%. let's have a little look now at how deutsche bank shares are trading down this morning after the company said its second-quarter profit was almost wiped out by a trading slump and overhaul charges. they are now concerned that brexit could have impact on the business as well. for more, bloomberg's ryan chilcote joins us. we are hearing from bloomberg companies aplenty, ryan. what the deutsche bank have to say about the potential worries about losing the past rights, i

. >>> officials at the new development bank launched have announced their first round of loans worth about $900 million. brazil, russia, india, china and south africa established the institution last year. bank officials gathered in shanghai wednesday for their first general meeting. >> translator: i hope that the new development bank will promote dialogue on an equal footing between developing and industrialized countries. >> the first set of loans will fund five renewable energy development projects including those related to solar and wind. japan is expected to experience a number of heat waves this summer. that may be bad news for most people. but not for appliance makers. they predict consumers will snap up air-conditioners. up to 8,000 units a day. that's 20% more than last year. company managers say they can meet demand even if this summer is hotter than in 2010 when many regions saw record high temperatures. panasonic has been producing 10% more air-conditioners at its plant since april. >> translator: demand for air-conditioners is rising gradually. severe heat waves are fore

loan rules limit the amount you can be charged. this means closing costs may be lower than other mortgages. finally, if you sell the house, the new homeowner can take the loan. the buyer doesn't have to be a veteran but should be by the lender. see if this well-earned benefit can be used for fur db your future home. >> thks. when we return, more from the vice prime minister of the ukraine i've been an army paratrooper for twelve years. i've logged hundreds of jumps in the course of my career. for the past six years i've been a navy federal member, too. thanks to my go rewards credit card, every time i pay for something like this, i'm earning rewards. if you get scared big guy, cliff and i got you. cliff's been driving a boat for six months pretty solid now. para-sail-ing! here we go! open to the armed forces, the dod and their families. navy federal credit union. jill: and now, more from associate editor aaron madea's interview with the vice minister of the ukraine. >> well, first of all, we're hoping that the support are of president u.s. in defense and security -- the u.s. in defense and security field will not diminish in the

a wonder to $70 million loan out against the new hotel use building and washington, d.c. -- $170 millionxpected to open in time for the election in november. he needs to fund his own campaign. how much cash can he reads quickly? quickly -- how much cash can he reach quickly? he has about $170 million of assets he could liquidate immediately. >> i humbly and gratefully for theour nomination presidency of the united states. >> it's official. this week, donald trump formally secured the nomination for the presidency. >> what would the donald trump as president be able to do with unconventional monetary policy? youo sit down and say when have deficit finance, we don't have the gold standard anymore, we are printing money. do we go back to gold? no. but nobody knows what that means. we have a group of central bankers with quantitative easing -- myo one understands wages are less than interest on the debt. >> i want to know what he should do about it. which of you do about the tax code? shatter the old system. you cannot affect a bureaucracy unless you crack it. the bureaucracy will tell you t

. >>> and the department of education has released new guidelines for private companies. it collects student loanments for the government. under the new guidelines, loan service companies would be rewarded for working with students to ensure they don't become delinquent on loans after they leave school. the department of education has been criticized for not doing enough to make sure that the private companies it employs act in the best interest of borrowers. >>> a big job fair at the oakland convention center. it is called the boys and men of color career summit. everyone's welcome. employers are all expected to be there looking for new talent to fill entry-level positions. there will be training to help applicants gain skills to succeed and schedule interviews with employers. that career summit begins at 9 a.m. at the oakland convention center. >> all right. thank you very much. into let's swing it right over to sal. things starting to lighten up maybe? maybe not? >> just a touch, mike, gasia. right now we are looking at a commute at the toll plaza, for example, that is not quite as bad as it w

calculate yos and see what the rates are for a refinanc keep in mind when you refinance your loan, you are buying a brand-new financial product. so seeow h much that is going to cost you in closing costs. and then divide that number with how much you save per month on your loan. so say it is a $3,000 mortgage, brand-new mortgage, but you are saving $300 a month, you divide that by how many months it takes. if you are in the home for that long, do it. if you are not, you might want to see if you could get a cheaper product. and right now the banks really want you to do this. so there are some incentive there. >> definitely. biggest investment that you're going to make is in your career. are there steps we should take now even though we want to leave early and go on vacation as much as we can in the summer but and when you watch other people leave early, it might be a good time to step into the boss's office and say i'm still here and let's talk about what mi' doing. so in the summer doldrum months might be a good time to estimates that women . leave billions of dollars on the table in nonneglected salary and

a new problem for the trump campaign. a live look inside the quicken loans arena there in cleveland where thousands of delegates will gather this afternoon for day two of the republican national convention. today's focus is the economy and that focus may be a bit overshoo -- overshadowed. melania trump appears to have lifted her speech from michelle obama's statement in 2008. >> barack and i were raised with so many of the main values. you work hard for what you want in your life. that your word is your bond. that you do what you say you are going to do. >> from a young age, my parents impressed on me the values that you work hard for what you want in life. that your word o your promise. >> now, nbc's tracie potts reports in one passage 22 of the 26 words were exactly the same. donald trump is defending his wife. he congratulated her overnight on twitter. his campaign also released statement saying in part in writing her beautiful speech, melania's team of of writers took notes on her life's inspirations and in some instances included fragments that reflecte

news. i'll see you shortly. >> thank you. >>> imagine paying 70% interest on a loan? 70%. michael finney looks at new efforts to curve payday lenders. that story and a lot more hey guys lunch is here! it's on me fellas. with the chase mobile app, stephen curry can send money to more people in less time. thanks, steph! no problem. even to friends in a growing number of other banks. ya'll ready to go? come on fellas let's go! easy to use chase technology for whatever you're trying to master. ♪ light piano today i saw a giant. it had no arms, but it welcomed me. (hawk call) it had no heart, but it was alive. (train wheels on tracks) it had no mouth, but it spoke to me. it said, "rocky mountaineer: all aboard amazing". >>> an almeida county inspector linked to a sex scandal has been fired. the d.a.'s office announced he is no longer with the office after being put on leave. telling the iteam he sent her texts with strong sexual innuendo and said she had sex with dozen office officers in the bay area and he was formerly a captain. >>> a super typhoon approaching taiwan, radar at

they are talking about whether to build build a new win largo or renovate the loans law relevant. >>> a live report in about thati about that the ambush stylen t attack on police officers overhe thepoli weekend, what we learned over the weekend and the shooter. >> dc residents gather for unsolved murder.ved we have details an live report coming up. >> we are learning new details about the dealed police ambush in about that about that investigator say the gunman was targeting police officers. police grief brief he if swat had not shot and killed long heh would have continued shooting spree.g isaiah carry is live and baton rouge. let's get an update what is the latest information you have about the suspect about the abo officers still in the hospital? >> reporter: well we know at at least one police officers has been re d from the hospital. one of three and found out this individual gavin long from kansas city d alone. that is the convenience store where iiet happened. we're told 8:forty they received a call that a man was walking down airline highway in all in black clothing with arriv

we have had the ceo in new a higheraying that loan to value ratio would have been needed.elling investors they would need a 40% deposit. rishaad: that's just it, we have already seen him achieving one of his aims, graham wheeler, the new zealand dollar. a bit of slippage there. just by releasing this update this morning, he has achieved one of those goals. exchange ratehe is needed, and that's what he got. the new zealand dollar fell two thirds of 1%, although it has recovered. past look at it over the 12 months, you can see it has been climbing ever steadily against the u.s. dollar, just pulling back in the past few days. graham wheeler saying the new zealand dollar is holding down the tradable goods inflation, so he is doing what he can to keep that train going. all right. thanks a lot for that. paul allen in sydney for us good let's check on some other stories. theresa may is traveling to paris on thursday, talking brexit with the german chancellor. the german chancellor said the u.k. must stick to the rules to leave the european union, ruling out talks before britain i

. >> new rail schedule including 17 extra seats on loan from amtrak, new jersey transit, maryland marke. >> good morning. >> how are you trains running right now? any notable delays right now so far? >> , no starting to get some morning rush hour started here, probably, the first day of the heavy schedule, people coming back from vacation, last week, we do have some trains that are delayed out there. for the most part anything that's late is ten minute or less. >> now, heather, we understand septa lost about 13,000 seats when the silver liner cars were pull. you are adding 1700 now. do you think that will make noticeable difference? >> adding the leased trains from amtrak, and new jersey transit, and mark, will help us out, because we will be able to shift trains from other lines onto lines where we had bypassing last week, especially, along the glennside jenkintown area. >> now silver liner cars, 115 of them are cracks in the suspension system, can these things be fixed or will septa have to replace them? >> any amount how much septa lost in tears? >> everything is still being calcula

news radio 1060". also, taking out federal student loans, it now cheaper than it was even days ago. chnology could change the way we signal elevators. and 13 children become citizens during fourth of july fest i have tis at the betsy ross house. check in two, three, four times a day, "kyw news radio" 1060 on your a.m. dial. >>> the white house holes add fourth of july celebration for military families. featured perform and frost john he will mo'ne, kendrick lamar, but weren't the only ones singing. >> ♪ happy birthday to you ♪ ♪ >> yes, that is president obama leading the room in a rendition of happy birthday for his daughter malea. first daughter turned 18 years old yesterday. >> really has a great voice. >> he does, happy birthday it, doesn't show -- >> well, he was choke up because it is his daughter's 18th. >> sit the sitting president, your daughter turns 18 years old on the nation's holiday. >> time now 4:51, time for check on business news. >> mine watch's jill wagner joins us live this morning from the new york stock exchange, good morning, jill, now the markets are open afte

new gun control bills. the 12 measures include one that requires background checks to buy ammunition. others call for a ban on high capacity magazines. limiteds on the loaning of a personal firearm and new criminal consequences for falsely or failing to report a lost or stole weapon. the bills are now on the governor's desk. >>> members of san francisco biking community packed a meeting with city officials today on what they call is a lack of action to improve traffic safety. they say the recent death of two women bike riders prompted them to speak out. >> ktvu's tara moriarty spoke to one of the victim's co- workers who described her as a young rising star. >> reporter: kate flattery's co-workers are still reeling from her death. the 26-year-old from wisconsin moved to san francisco where she worked as an engineer alongside with her brother. she was killed by a driver who ran a red light at the corner of seventh and howard last week. >> it was awful. so many of us here pride our bikes to and from -- ride our bikes to and from work. it's really hit home. >> reporter: that's why they packed the city's zero vision frontal meeting, the goal? to eliminate all t

the cbs evening news with scott pelley brings reporting from quicken loans arena on sunday will also have prime time specials starting monday at 10:00, 9:00 central of course. there is wall to wall coverage on our 24-hour streaming network, that's all of our social media accounts, we are ready. >> yes indeed. >>> all right ahead, a photo journalist says nice felt like a war zone. ahead, we'll talk to a man who describings the chaos when a terrorist turned a truck into a weapon. >>> the republican national convention needs a huge security force. >> ahead a look at the preparations in the wake of the french attack and the concerns that keep the homeland security secretary awake at night. >>> the news is back in the morning right here os >>> this portion of cbs this morning sponsored by persil clean laundry detergent. experience premium clean. the winner - persil 2 in 1, didn't only beat tide... it beat every single detergent tested. boom. switch to persil proclean 2 in 1. #1 rated. (toilet flush) if you need an opioid to manage your chronic pain, you may