. > > now this is a pnc bank which is a pretty large player in the banking world. > > pnc is one of the biggest banks in the country and they tried this in atlanta, they said we got just as many accounts out of this pop-up, temporary branch as we did one of our brick and mortar branches-- so we're going to try that here in chicago as well, and i've talked to the manufacturer of these temporary branches and they said that they're talking to other banks too. > > so the advantage is you still have a face-to-face experience for the banking customer, but it's a much lower cost way of developing that. > > yes they still have people on-site to open accounts for you, to tell you about the latest technology-- how you can sign up for global banking, but they're temporary-- so they're very cheap, they're about the size of a room. after a few months they're going to pick it up and take it somewhere else. > > that's not a permanent relationship that you're building with your teller at a bank branch that isn't going to be there that long. > > but the pnc has a lot of branches for example in chicago,

this is bill stone chief investment strategist for pnc asset management group. an overview of some of the global markets in. the be. it is. against any event no one there with me on his side had won a second good morning it seems people are in a southern indiana i can whip out the rain and tell us more his death remains a secondary peak of assigned clients for the north indian election and we have a tropical developmental or some cars a maniac. this is now low pressure suspend it cld become a depression that we have the warnings but winds and rain coasted across the second area is going to the turning torso and north eastern tomorrow and can produce heavy rain for four hundred back and their brain could reach the eastern seaboard. by the next period piece or so seats going to be a very high the rain maker there really is not going to be signed for nearly seven am aware cpa trying to still ongoing. our brain and is still hanging over the southern part of the tenant demand time on up into the southwest and time into your pants underneath the ongoing heavy rain the

now i wanted to give a brief review, some updates from the pnc since the last time i made my budget recommendation. this includes our rate setting process, as well as the fire and draught. thankfully there's no locusts yet, but the year's not over. april marks the ten year an niversary of the first project in the water system improvement program going into construction. we are now about 80 percent complete with the program. we had a wonderful ceremony monday at [inaudible] reservoir with supervisor yee. i'd like to thank the board of supervisors. you also see some of the key numbers related to the water system rebuild. we are very proud of this program and how it's progressing. we have critical projects that are still underway, including [inaudible] dam, and the bay tunnel. we project that this program will be completed by 2019. on the sewer side -- san francisco is really fortunate to have a sewer system that's been serving the city for over 100 years, but the system is old, is ageing and is in need of an upgrade. in august 2012 our commission acknowledged the need to invest nearly $7 million to

pnc juan restrepo. pfc juan restrepo. >> ready, aim, fire. ready, aim, fire.ready, aim, fire. >> just upset. like before -- this information how you want to be buried, who you want to be notified, and how you want your memorial. you can pick out what songs you want played. so we were really upset, and all of a sudden the song "i will survive" comes out in spanish. and he requested that if he died. and we just start laughing. ♪ >> our thanks to brian ross for that report. "korengal" opens in theaters on may 30th. and we'll be back with another look at memorial day tributes. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. eating healthier,tion by drinking plenty of water, but still not getting rel

a few other stories, officials are pushing b&c paragraph to paint -- pnc para ibaka -- pnb paribas. accusedch bank has been of helping clients of aid u.s. sanctions against iran and other countries. if confirmed, it would be one of the biggest penalties imposed on a single bank. argentina has reached an agreement to pay back $10 billion worth of debt. is to regain credibility. the country has been unable to borrow money since 2001 when it defaulted on debt to the tune of 100 billion dollars. argentina will pay back $9.7 billion over five years. america, goldin has struck a deal that may put the mining project between argentina and chile back on track. it is billed as a first step. the project has been met with suspendednd work was at the mine last year. the project has cost more than $5 billion. news forhe business now. i will be back again in about one hour with more headlines. >> thank you. time to take a look at what has been making a buzz on the internet. we're going to start with the dress code campaign in iran. welcome to today's web news where we look at some of the stories m

decrease, when we get the revised gdp report later this month. " gus faux-shay, a senior economist with pnc financial services group says the weather was a huge factor, and expects g-d-p to rebound in the second half of the year. debt is soaring at malaysia airlines. the airline is attempting to restructure $1.3 billion dollars in losses during the last year. the carrier is facingi a decline in bookings since the disappearance of flight 370 march 8th. that's on top of stiff competition and unprofitable routes. reports say the malaysian government is refusing to give the troubled airline a funding infusion. m&a madness in the drug industry continues. aspirin maker bayer outbid rivals for merck and company's consumer care business. bayer bought the unit for 14-billion dollars. it aims to become the largest over- the-counter drug maker in the world. merck shares fell 2% in trading yesterday. office depot will close at least 400 stores -- a quarter of its outlets. the company states after merging with office max last year there was an overlap of retail locations. the office supply chain has als

occurred during foreclosures on federally backed home loans, the banks have already received subpoenas, pnc citizens financial, and the royal bank of scotland. >>> warehouse club operator costco reported its latest quarterlies today, sales were up but so were costs. and with the retailer's profits getting squeezed, prices could be higher, too, courtney reagan has more. >> reporter: running a retailer is an expensive task, add in foreign currency and gasoline price fluctuations as well as membership fees and it becomes an even more difficult business model. warehouse reporter costco reporting disappointing profits bogged by higher expenses. it is the fourth straight quarter that wall street missed the earnings expectations. but analysts see it as one of the strongest retailers out there. revenue took hits from weak foreign exchange rates and lower prices at the pump. profits are getting squeezed as costco faces higher merchandise costs. shoppers may not need to worry about big price hikes. the cfo said the cost of#ax its popular rotisserie chicken has increased, but costco has not pushed the

after a three-game sweep in atlanta the giants forced to put in more work at pnc park against the piratest was a wild one. animals in the outfield just the start. we go to the top of the ninth. giants down a run. hunter pence hustles home. the giants come back to tie the game at 10-10. to the top of the 13th two on. he lays down a beautiful bunt. the throw from the pitcher is wild. and the giants go on to win their sixth straight. 11-10 the final in 5 hours and 29 minutes. >>> the a's welcome in the mariners. fans ready for a cinco de mayo holiday. and brandon moss has liftoff his fifth of the year tying the game at 2-2. our cinco de mayo gathering loving all of it. romero returns the favorite with a long bomb of his own. a no doubter. the mariners win 4-2. >>> with the warriors season over the focus shifts to whether mark jackson will return as head coach. he has led the dubs to back to back playoff appearances. but he and management have had a turbulent relationship. >> unfortunate with the 50-win team that you know, we're in this predictment and these questions being asked. >> the chan

the pncs, the ubers and lifts have [inaudible] transportation business. they have cleverly masked their two real identity under the guise of ride sharing. capital ietzing on this is [inaudible] they are able to dodge higher than necessary insurance cost and increase regulatory burdens. now they are trying to change the definition of tnc services just to justify their means. we need intervention. what we have now is inadequate. it's just like putting a band-aid on a profusely bleeding patient. the color scheme being a constant state of change and we need help from you. right now we are servicing the most disabled part of the community and we cannot survive on our own. i urge you to help modify these changes, waiving the company [inaudible] is the first step, but if you are on the fence, city, this is beyond important. we need your help and we need it now. thank you. >> thank you. okay. members of the board -- >> move the item. >> is there a second? >> second. >> any further discussion? all in favor say i. opposed, no. the is have [inaudible]. >> moving on

maybe more of the pnc insurers. , peopleduration ensuring our homes and cars. >> the ecb was never soected and we have yet to find out what has been delivered. how do i invest on the proposition of his words? he has promised a lot. it is a question of timing on the delivery. how do you think we should invest? >> i think we will get direct action to weaken the exchange rate. i would be most surprised if they do it they start to sell euros and a market. that would be tantamount to declaring war. what they will do is printing some money to go and buy the government bonds, corporate bonds, and increase the money supply. they will weaken the exchange rate indirectly. what they want to do is get the exchange rate down. we are seeing that the strength of the euro is stifling european exports and we are seeing japan weakening the yen, china is starting to move the rent bb down -- renminbi down. they need to get in this party as well. >> how low to the floor to they want to get? what is the ultimate paradigm? you have to have a model in their. -- there. >> if you look at the euro-dollar now an

pnc park. game two of the series. scoreless in the second. no home run here. but he's going to reach on an in-field single. during the next at bat, belt will steal second. and the orange and black are in business. adrianza gets him home on a sac fly. this game had just ended. pirates walked off on a triple. they win 2-1. giants unable to pull out the win for willie mays birthday. >>> we'll have more tonight at 10:30. >> back in a moment. >>> well, there's a certain type of mosquito that just won't go away. here's a photo of the yellow fever mosquito that's been spotted in menlo park. they're trying to get rid of them to no avail. if you're bitten, you're urged to call south bay vector control. >>> a wayward sea lion is back where he belongs. watch how he bolts out to the water. we told you last month he was found 50 miles inland. he took a wrong turn on the river. he was pointed in the right direction and hopefully his sea lion gps will not lead him astray anymore. >> he had some buddies. >> look how fast he's going. happy hoppy. >> we hope you have a great ev

but one bank pnc did defer to the american banking association who said for some customers paying thelargest transaction is important because it insures that payments like mortgages, rents and credit card principles will be prayed. many financial institutions have been sued because of this method of high to although transaction reordering and today 14 banks including bank of america and jp morgan chase have settled to the tune of $800 million. however none of the banks have admitted to any wrongdoing. >> a lot of banks have stopped doing this because of litigation, but in their disclosure agreement they all say we reserve the right to change the terms and conditions of these--of this account at any time. while they've stopped doing it now they could start doing it again at a later date. >> reporter: one bank sun trust did confirm with us that it still processes transactions from the highest to lowest amount, adding that it didn't charge overdraft fees for any items below $5. congresswoman carol maloney from new york on the left wants to make banks more accountable and it a would requi

when this pnc hotel one of the fannie -- fanciest it is stealing from the hotel but privacy?alking about them? >> there is a lot of scuttlebutt. we don't know if it is a complete rumor that there was infidelity but we don't know. lou: everybody needs to ignore the previous testimony that is hearsay? or played old gossip. [laughter] we got the video for of the tmz. there is some gossip with that. that is kind of fun. i am treading on their territory. [laughter] >> tonight's word of the day that means to make or cause to appear foolish or ridiculous or to be of unsound mind. and are the logical investigators say they think they found along lost remains of christopher columbus flagships the scienter area of more than 500 years at of the north coast of haiti and researchers have not evacuated the vessel but they did photographed it and it is absolutely consistent with that era and i don't believe there is any truth to the suggestion that cnn tries to get involved in the search. [laughter] city way asking the military for the very thing they reject american atheist president expla

. >>> pnc park, giants and pirates, belt solo shot his ninth homer of the year.t drove in all three for the giants against the pirates phenom gary cole. tim lincecum not very good opened with seven straight balls and then starling marte lit him up with an rbi double. lincecum gives up four runs in just four innings. his e.r.a. is 5.55. pirates win 4-3. they take two out of three from the giants. >>> that's jimmy hines. as part of the newest class enshrined in the bay area sports hall of fame, tonight along with bob luery there, bob de la salle coach bob lasseter and larusso being inducted into cooperstown later this summer. >> here it's like coming home and resurrecting the glorious '70s, it seems the worst of times. i'm not happy at all with the way that i managed those two world series. with those teams that had three chances to win one, it's something that will haunt me forever. >> owen nolan also going in. >>> the 49ers are expected to take a cornerback with one of their 11 picks in this weekend's draft. who knows, maybe they will hit the jackpot like the sea

goes into effect individuals are subject to the $25 civil fine the metropolitan police department's pnc's any visible mayor lot -- marijuana. in any mayor one on a public space is 60 days in jail with a fine of 500. the public spaces in a street rally or sidewalk or parker parking area. a vehicle in any area and/or where the public is invited. public attitudes have taken significant way with many expecting it to be no more harmful or addictive than alcohol or tobacco. decriminalizing will help reduce the people with the arrest records for possession of small amounts which may enable them to easily find employment. and maintains criminal penalties which is important to combat drug dealing to insure the quality of life. even though the district of columbia will decriminalize small amounts we will continue to send a message especially to the young people of the danger and the facts just as you do with alcohol and tobacco to discourage them from using it. due to the district's unique status some agencies have gone current jurisdictions and can force to stricter federal law anywhere in the cit

. >> i think in terms of banks that are perfecting well and have been performing well, us bank and pnc well. and more regional banks that are in that cat fore. >> you are a fan of the regional bank more than the sort of supermarket model if you will. >> than the investment banking side. and i have a very great supporter of that. you ensure you aren't concentrated in any way. small banks are really -- it's really difficult because of the regulation. so they are having real problems unfortunately. in terms of the larger banks, all of which tend to be highly involved in investment banking and international activities and so far, the best run bank is jpmorgan and jamie dimon. >> what do you think about bold man sacks? >> goldman is a well run financial institution. but the business model has got issues. they get in trouble because of concentrated risks. now they are more concentrated. i just don't -- 10% roes don't cut it. >> if you had a dollar to invest, besides wells fargo, you go to the regionals first? >> well, i invested a lot of money in jpmorgan. 2.8% dividend. i think these proble

and chief economist at pnc financial services. lindsay, why don't you go first.arter, you are not expecting things to get a whole heck of a lot better. what are you expecting? >> yesterday's first quarter revision down 1%. shows how deep of a hole the u.s. is struggle to go dig itself out of. in february and march, that much more lackluster in comparison. the idea there is this pent up demand in terms of consumption, investment to carry us through the second quarter, let alone the second half of the year, that's already coming under pressure as we see april data coming in short. we look at retail sales, the consumption numbers. all coming underneath expectations. and pulling away expecting us to carry us through into the second quarter. >> you are looking for growth in the second quarter closer to 4%. lindsay is only looking for 1.5% to 2%. what do you see that she doesn't? >> i think there's better news on the consumer. you're right. this morning was down a tenth. but they revised large up. if you look at the last three months. most of the weakness, i agree with