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Sep 28, 2013
09/13
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abc's rebecca jarvis went done to florida to meet this modern day willie wonka. >> if you could turny. >> reporter: final countdown. three days until the grand opening of the latest it's sugar store and try to dress the mannequins. instead of a trendy loon from american eagle or abercrombie these ladies will sport candy couture. eye catching candy couture. if you can see resemblance to a victoria's secret model -- >> something for her hands. >> a key part of the strategy. >> good to go. >> reporter: the candy store chain wants to sell you sweets the way victoria's secret sells you lingerie in its ads. a little cheeky. a little rebellious. and with a lot of flare. >> sour bananas are great for serial in the morning. >> reporter: the stores are the brain child of jeff ruben. self described chief gummy bear. >> she depicts what our brand is tongue in cheek. she is obviously in detention. >> reporter: about like being rebel yuls blious but not too b. >> exactly. selling candy isn't a new idea. but a $30 billion market in the united states which is why ruben has decided the way to get his
abc's rebecca jarvis went done to florida to meet this modern day willie wonka. >> if you could turny. >> reporter: final countdown. three days until the grand opening of the latest it's sugar store and try to dress the mannequins. instead of a trendy loon from american eagle or abercrombie these ladies will sport candy couture. eye catching candy couture. if you can see resemblance to a victoria's secret model -- >> something for her hands. >> a key part of the...
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Sep 24, 2013
09/13
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here's abc's chief business correspondent rebecca jarvis. >> reporter: we're using them for everythingom planning dream vacations to which doctors to visit. but according to regulators, a huge number of online reviews are complete phonies. do you feel any sense of guilt or anything? >> no because i feel like these people are going to pay somebody to write a review anyways. it might as well just be me. >> reporter: kathy is 17 years old and says she's written hundreds of glowing reviews for 4 bucks a pop. how long does it take you to write a typical review? >> about three minutes to write a review. >> reporter: by some estimates, as many as 30% of the reviews you see online are complete fakes. from restaurants to hotels to toys. and new york's attorney general is fighting back. >> we're paying or just ordering their employees and the employees' friends and families to write phony reviews to inflate their profile. >> reporter: but getting a nod from your customers can boost the bottom line. >> we've seen studies that, for instance, a one-star increase on yelp can increase a restaurant's
here's abc's chief business correspondent rebecca jarvis. >> reporter: we're using them for everythingom planning dream vacations to which doctors to visit. but according to regulators, a huge number of online reviews are complete phonies. do you feel any sense of guilt or anything? >> no because i feel like these people are going to pay somebody to write a review anyways. it might as well just be me. >> reporter: kathy is 17 years old and says she's written hundreds of...
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Sep 12, 2013
09/13
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rebecca jarvis, abc news, new york. >> thank you for watching on this 9/11, 12 years after the firstr sharing your three words with us today, the words that matter to you the most and we'll share them now with everyone around you. we'll see you back here again tomorrow night. good night. ♪ ♪ >>> tonight a bay area city's bold new attempt to fight underwater mortgages what it could mean for city finances. >> the sketch made police made public of a man who shot an 8-year-old girl, she answered the doorbell and was killed. >> in sacramento california minimum wage is on track to go up another $2 an hour, is this the right time to do it? >> and plus, we'll remember local victims of the september 11th attacks and new memorial now being planned in their honor. >> good evening. our top story tonight, housing crisis is by no means over in one city. >> yes. homeowners still in dire straits, city leaders have a plan calling for drastic action, some are worried about the consequences. wayne fraedman is live tonight to explain why. wayne? >> it's a new twist for putting leverage on banks not by i
rebecca jarvis, abc news, new york. >> thank you for watching on this 9/11, 12 years after the firstr sharing your three words with us today, the words that matter to you the most and we'll share them now with everyone around you. we'll see you back here again tomorrow night. good night. ♪ ♪ >>> tonight a bay area city's bold new attempt to fight underwater mortgages what it could mean for city finances. >> the sketch made police made public of a man who shot an...
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Sep 30, 2013
09/13
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thank you rebecca jarvis. of course one issue in the middle of all of this, the president says he will not stop that other historic event about to take place tonight at midnight, obama care. for the first time every american expected to have health insurance, 50 million uninsured will be able to start shopping tomorrow. paula faris tells us what to expect when you check in. >> reporter: max was dropped from his health insurance because of his pre-existing condition. >> i have asma and allergies. >> courtney says she can't afford it. >> i need good maternity coverage. >> reporter: we heard from so many of you. >> will i have more affordable health care? >> reporter: all part of the 48 million americans who do not have insurance, about 15 percent of the population. >> how do i sign up and when does the coverage begin. >> reporter: starting at midnight you can go on health care.gov where you'll be able to shop around, compare plans and buy. everyone regardless of age, gender, income or pre-existing condition will
thank you rebecca jarvis. of course one issue in the middle of all of this, the president says he will not stop that other historic event about to take place tonight at midnight, obama care. for the first time every american expected to have health insurance, 50 million uninsured will be able to start shopping tomorrow. paula faris tells us what to expect when you check in. >> reporter: max was dropped from his health insurance because of his pre-existing condition. >> i have asma...
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Sep 25, 2013
09/13
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abc's chief business and economics correspondent rebecca jarvis digs in. >> reporter: tonight it's fast food wars, the new battleground, french fries. burger king hoping this marketing blitz takes serious bite out of the competition. >> how important are french fries in the fast food wars? >> hugely. 50 percent of all orders, according to burger king, contain french fries. >> reporter: that's 56 million orders of fries every month. but there is still millions of health conscious consumers currently opting out. >> this way if maybe they have an option that might be more palatable to the moms, they'll bring their kids to burger king instead of mcdonald's. >> reporter: what's the difference between the old fries and the new? aside from their shape, the old fries have 340 calories in a small. the new satisfries have 270. what about the taste? we asked a few of the littlest customers. >> which did you like best? >> the second. >> angel, which one did you like more? >> the first fry. >> not quite an apple in a happy meal but a healthy alternative to the old version which are still available.
abc's chief business and economics correspondent rebecca jarvis digs in. >> reporter: tonight it's fast food wars, the new battleground, french fries. burger king hoping this marketing blitz takes serious bite out of the competition. >> how important are french fries in the fast food wars? >> hugely. 50 percent of all orders, according to burger king, contain french fries. >> reporter: that's 56 million orders of fries every month. but there is still millions of health...
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Sep 30, 2013
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so, i want to bring in our chief economics expert, rebecca jarvis, great to have you. the last time well had a shutdown, 20 years ago, and the market sent a message then. >> reporter: the markets dropped 3.7% back then. that for a typical 401(k) is more than $7,000 in a span of a couple of weeks. >> yeah, gone in just a couple weeks time. and you say, the bigger debate, right around the corner about the debt ceiling, feels as though we just had this, and we saw our credit rating drop to the nation. >> reporter: for the first time in history, s&p lowered our credit rating from that aaa status. plus, the entire episode cost global markets $6 trillion. on a typical 401(k), that was $16,500 in just one day's time, david. and now, if you are wondering, what does washington mean to me? well, all this bickering means it costs you money in your wallet, in your 401(k). >> all right, rebecca jarvis watching this for us tonight. rebecca, thank you. >>> and there is some good economic news tonight. gas prices are still headed downward. the average price of a gallon of gas now stan
so, i want to bring in our chief economics expert, rebecca jarvis, great to have you. the last time well had a shutdown, 20 years ago, and the market sent a message then. >> reporter: the markets dropped 3.7% back then. that for a typical 401(k) is more than $7,000 in a span of a couple of weeks. >> yeah, gone in just a couple weeks time. and you say, the bigger debate, right around the corner about the debt ceiling, feels as though we just had this, and we saw our credit rating...
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Sep 12, 2013
09/13
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just having any opportunity whatsoever. >> reporter: rebecca jarvis, abc news, new york. >>> start inom and they work side by side with him. >> so important. they're so focused. they have a mission and they come back. these guys are down there on the stock exchange. they've got a mission. a big learning curve and it might be great for their mind to focus on that. >> i think so. we'll be right back. >> i think so. we'll be right back. it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. lysol power & free. powerful cleaning that's family friendly. another step forward in our mission for health. feel like you're growing older... waiting to look younger? don't wait. [ female announcer ] get younger looking skin fast. with new olay regenerist micro-sculpting cream. the next generation with 2 new anti-aging ingredients. it penet
just having any opportunity whatsoever. >> reporter: rebecca jarvis, abc news, new york. >>> start inom and they work side by side with him. >> so important. they're so focused. they have a mission and they come back. these guys are down there on the stock exchange. they've got a mission. a big learning curve and it might be great for their mind to focus on that. >> i think so. we'll be right back. >> i think so. we'll be right back. it's time to change the way...
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Sep 25, 2013
09/13
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rebecca jarvis, abc news, new york. >> burger king is striking out. expensive than the ones that aren't good for you. >> why is that? >> that defeats the purpose. >> apparently it is coated with a batter that absorbs less oil. >> it will be interesting to find out what is in that batter. >> my feeling is when i go to one of these places -- i don't go every day but when i go once in a while. when i go once in a while, give me the real mccoy. that's all. mccoy. >> you don't want to be satisfied with satisfries. we have a facebook question, we want to know would you pay extra for healthier fast food. log on to our facebook page, wnnfans.com. weigh in. >> i'm going back it my regular fries. i don't think i'm very interested in satisfied. i don't think i'll be satisfied. >> i love the mcdonald french fry and the burger king burger. if only we could put the two together. >> you can but a lot of driving. >> two trips. all right. >>> coming up, just when you think you have seen enough of miley cyrus, think again. >>> and if you loved the movie "dumb and dumbe
rebecca jarvis, abc news, new york. >> burger king is striking out. expensive than the ones that aren't good for you. >> why is that? >> that defeats the purpose. >> apparently it is coated with a batter that absorbs less oil. >> it will be interesting to find out what is in that batter. >> my feeling is when i go to one of these places -- i don't go every day but when i go once in a while. when i go once in a while, give me the real mccoy. that's all. mccoy....
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Sep 30, 2013
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rebecca jarvis is here to bring us to the american home.l us how much it's going to cost the average american family budget. >> reporter: thousands of dollars, diane. all of this d.c. dysfunction we know comes at a cost for real people, the american people. it creates uncertainty and economists think it could cost our economy $8 billion a week. look at the last shutdown. that was 17 years ago.
rebecca jarvis is here to bring us to the american home.l us how much it's going to cost the average american family budget. >> reporter: thousands of dollars, diane. all of this d.c. dysfunction we know comes at a cost for real people, the american people. it creates uncertainty and economists think it could cost our economy $8 billion a week. look at the last shutdown. that was 17 years ago.
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Sep 30, 2013
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for "nightline" i'm rebecca jarvis in deerfield beach. >> was that candy corn?nk it is all -- >> i think it's -- >> i don't do gummies. i do chocolate, though. i do candy corn. >> i can do gummy, gooey and delicious. i also like my chocolate. nice and easy. >> one of those, too. >> snacking on squares. boss told us not to do that. i don't -- you know, i don't need my candy to be sexy. i have no problem with candy. candy is winning all the popularity contests with me. >> you are not going to bust out the candy bra? >> i don't think so. no. i don't need that to be conduit for the candy to get in my mouth. it's going to happen anyway. >> i had to go there. back in a little bit, folks. n a little bit, folks. and can cost thousands of dollars to repair... thankfully, the powerful dual action formula of rid-x has enzymes to break down waste and time released bacteria to reduce tank build up. d-tic maintenance. prove it. enough is enough. d-con baits are specially formulated to kill in one feeding. guaranteed. d-con. get out. >>> welcome to the mix. a story we love to
for "nightline" i'm rebecca jarvis in deerfield beach. >> was that candy corn?nk it is all -- >> i think it's -- >> i don't do gummies. i do chocolate, though. i do candy corn. >> i can do gummy, gooey and delicious. i also like my chocolate. nice and easy. >> one of those, too. >> snacking on squares. boss told us not to do that. i don't -- you know, i don't need my candy to be sexy. i have no problem with candy. candy is winning all the popularity...
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Sep 20, 2013
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rebecca jarvis, abc news, new york. >> interesting stuff.g to freddie mac, 30-year fixed rate mortgage is 4.42 on average. that's low when you think about it. a lot of people who got into their homes not even ten years ago were paying double that and sometimes more. some people looking to unload and get loaded because it makes sense. >> sounds like the time is right. >>> still ahead, remember john gosselin? >> yes. >> he is living in the woods. >> we will hear about it in "the skinny" next, i bet. >> what? >> you are watching "world news now." >> announcer: "world news now" continues after this from our abc stations. continues after this from our abc ♪ skinny ♪ so ♪ skinny ♪ so skinny >>> okay. check this out. i'm enthralled in this story. so jon gosselin from that megahit tlc show, "jon and kate plus eight," remember the couple who had all of these sextuplets, there he is. he apparently is doing something different than we were watching the show. he is now live flooding a cabin in the woods in pennsylvania and waiting on tables. this is all
rebecca jarvis, abc news, new york. >> interesting stuff.g to freddie mac, 30-year fixed rate mortgage is 4.42 on average. that's low when you think about it. a lot of people who got into their homes not even ten years ago were paying double that and sometimes more. some people looking to unload and get loaded because it makes sense. >> sounds like the time is right. >>> still ahead, remember john gosselin? >> yes. >> he is living in the woods. >> we will...
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Sep 24, 2013
09/13
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i'm 17. >> reporter: rebecca jarvis, abc news, new york. >> you really have to be careful.vable are some of the doctored ones. >> check this out. 19 firms -- this is the new york state attorney general eric schneiderman has had 19 firms collectively agree to pay $350,000 in fines for posting fake reviews because they were caught. >> listen to this. a nightclub involved in this advertised directly for somebody to write a review and said we'll supply the text. you just have to be able to get the posts done without getting flagged, meaning getting busted. >> wow. when i'm going on vacation, i go to that website. >> i know. and i buy something at a big box stores, is this generator any good? is this any good? you don't know who's writing the reviews. and the ones that are most tricky that say it took a while to start and once it got going it was fabulous. the smart ones have a teeny negative and then positive. >> i got to tell you, if you go somewhere and you are the type of person who writes a review, you will write, i enjoyed this a little or didn't enjoy it but overall it wa
i'm 17. >> reporter: rebecca jarvis, abc news, new york. >> you really have to be careful.vable are some of the doctored ones. >> check this out. 19 firms -- this is the new york state attorney general eric schneiderman has had 19 firms collectively agree to pay $350,000 in fines for posting fake reviews because they were caught. >> listen to this. a nightclub involved in this advertised directly for somebody to write a review and said we'll supply the text. you just...
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Sep 18, 2013
09/13
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rebecca jarvis, abc news, new york. >> one good recommendation. a health research foundation run by the kaiser family foundation and she said go there for the information. they have the best information. we have a link on our website. that's the place to go. >> outstanding. >>> still to come, we are celebrating national cheeseburger day. >>> we will visit a burger joint here in new york city to show you how to get the juicy gooeyness just right. >>> and a new approach to parenting -- totally laid-back. meet the slacker parent later on "world news now." >> announcer: "world news now" continues after this from our abc stations. back. meet the slacker >>> cheeseburger, cheeseburger. >> that is old school. of course the classic "saturday night live" skit with john belushi, perfect today which is national cheeseburger day. >> and this happens to be our "favorite story of the day." you probably have your favorite place to get the iconic food here in new york city. a place called burger joint has people lined up around the corner. it's amazing. >> i will
rebecca jarvis, abc news, new york. >> one good recommendation. a health research foundation run by the kaiser family foundation and she said go there for the information. they have the best information. we have a link on our website. that's the place to go. >> outstanding. >>> still to come, we are celebrating national cheeseburger day. >>> we will visit a burger joint here in new york city to show you how to get the juicy gooeyness just right. >>> and a...
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Sep 20, 2013
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abc's business correspondent, rebecca jarvis has the story. >> reporter: the amazing rates. deals don't before rates rise again. she made an offer before her husband got a look. >> thought for three minutes. there were 60 people looking at it. pretty crazy. >> in boston, dave seymore flipping homes in less than 24 hours. >> if i sell at 300,000, i want to make 60,000 on this. >> reporter: in san diego, the robinsons on a charm offensive. >> we said we could pose ella outside of the house and make puppy dog eyes at everybody that came to view it. >> reporter: look at this typical american home, in may the mortgage would have cost $887. but today over 1,000. nearly $2,000 more a year and a total of $60,000 more for the same home simply because rates have gone up. >> there isn't a perfect moment. if you can afford it and it is a place you don't mind being for a few years you don't need to know much more. >> reporter: for megan and jeremy the risk was worth the reward. what was the first thing he said when he walked in the house? >> you were right. >> reporter: how much longer w
abc's business correspondent, rebecca jarvis has the story. >> reporter: the amazing rates. deals don't before rates rise again. she made an offer before her husband got a look. >> thought for three minutes. there were 60 people looking at it. pretty crazy. >> in boston, dave seymore flipping homes in less than 24 hours. >> if i sell at 300,000, i want to make 60,000 on this. >> reporter: in san diego, the robinsons on a charm offensive. >> we said we could...
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Sep 25, 2013
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rebecca jarvis, abc news, new york. >> burger king is striking out.expensive than the ones that aren't good for you. and more expensive than the ones that aren't good for youa an according and more expensive than the ones that aren't good for you and more expensive than the ones that aren't good for yout and more expensive than the ones that aren't good for youo and more expensive than the ones that aren't good for youh and more expensive than the ones that aren' >> that defeats the purpose. >> apparently it is coated with a batter that absorbs less oil. >> it will be interesting to find out what is in that batter. >> my feeling is when i go to one of these places -- i don't go every day but when i go once in a while give me the real mccoy. >> you don't want to be satisfied with satisfries. we have a facebook question, we want to know would you pay extra for healthier fast food. log on to our facebook page, wnnfans.com. >> i don't think i would be satisfied. >> i love the mcdonald french fry and the burger king burger. >> you can but a lot of driving.
rebecca jarvis, abc news, new york. >> burger king is striking out.expensive than the ones that aren't good for you. and more expensive than the ones that aren't good for youa an according and more expensive than the ones that aren't good for you and more expensive than the ones that aren't good for yout and more expensive than the ones that aren't good for youo and more expensive than the ones that aren't good for youh and more expensive than the ones that aren' >> that defeats the...
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Sep 19, 2013
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abc's chief business represent rebecca jarvis. >> reporter: the amazing race, home buyers and sellers across the country desperate to get deals done before rates rise again. in new orleans meghan gehrke forced to make an offer on this home before her husband even got a look. >> i saw it for three minutes. there were 60 people looking at it. it was pretty crazy. >> reporter: in boston, dave seymour flipping homes in less than 24 hours. >> if i sell at $300,000, i want to make $60,000 on this. >> reporter: in san diego, the robinson's on a charm offensive. >> we said we could pose ella outside the house and make puppy dog eyes at everybody who came to view it. >> reporter: look at this home. in may the mortgage would have cost $887. today it's over $1,000. nearly $2,000 more a year and a total of almost $60,000 more for the same home simply because mortgage rates have gone up. >> there isn't going to be a perfect moment. basically if you are afford it and you don't mind being there for a few years you don't need to know much more. >> reporter: for megan and jeremy gehrke, the risk was w
abc's chief business represent rebecca jarvis. >> reporter: the amazing race, home buyers and sellers across the country desperate to get deals done before rates rise again. in new orleans meghan gehrke forced to make an offer on this home before her husband even got a look. >> i saw it for three minutes. there were 60 people looking at it. it was pretty crazy. >> reporter: in boston, dave seymour flipping homes in less than 24 hours. >> if i sell at $300,000, i want to...
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Sep 30, 2013
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up all nightline with rebecca jarvis. >> reporter: final countdown to the latest its sugar store andmannequins but instead of a trendy line from american eagle or abercrombie these ladies will be sporting candy couture. they want to sell you sweets the way victoria secret sells you lingerie, a little cheeky, a little rebellious and with a lot of flair. >> bananas are great for the cereal in the morning. >> reporter: they are the brain child of jeff rubin, self described chief gummy bear. >> what made you go for the victoria secret brand of marketing. >> we have seen junior retailers do it successfully. there were two ways to play it. disguise it or it is what it is. sugar, we're fun, cheeky, irreverent. >> reporter: an overwhelming experience. nearly 8,000 different edible items for sale in each store, ranging from old-fashioned standbyes to random japanese fruit candy to 26 super sized versions of the all-time favorite sweets like this giant box of nerds. at 3120 calories, it contains about as many calories as six big macs. >> president obama's wife, mayor bloomberg, a lot of high-l
up all nightline with rebecca jarvis. >> reporter: final countdown to the latest its sugar store andmannequins but instead of a trendy line from american eagle or abercrombie these ladies will be sporting candy couture. they want to sell you sweets the way victoria secret sells you lingerie, a little cheeky, a little rebellious and with a lot of flair. >> bananas are great for the cereal in the morning. >> reporter: they are the brain child of jeff rubin, self described chief...
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Sep 23, 2013
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abc's chief business and economics correspondent rebecca jarvis has the truth. >> reporter: we're usinghem for everything from planning dream vacations to choosing which doctors to visit. but according to regulators, a huge number of online reviews are complete phonies. >> do you feel any sense of guilt or anything? >> reporter: um, no, because i feel like they'll pay someone to write a review anyway so it might as well just be me. >> reporter: kathy is 17 years old and says she's written hundreds of glowing reviews for four buts a pop and markets herself in this online video. >> i will bright a positive review of your website or blog or anything else you like. >> reporter: how long does it take you to write a typical review? >> about three minutes. to write a review. >> reporter: as many as 30% of the reviews you see online are complete fakes from restaurants to hotels to toys. and new york's attorney general is fighting back. >> they were paying or just ordering their employees and their employees' friends and families to write phony reviews to inflate their profile. >> reporter: gett
abc's chief business and economics correspondent rebecca jarvis has the truth. >> reporter: we're usinghem for everything from planning dream vacations to choosing which doctors to visit. but according to regulators, a huge number of online reviews are complete phonies. >> do you feel any sense of guilt or anything? >> reporter: um, no, because i feel like they'll pay someone to write a review anyway so it might as well just be me. >> reporter: kathy is 17 years old and...
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abc's chief business correspondent, rebecca jarvis, is here to tell us. what are the hot cars right now? >> the hottest vehicle right now is actually a truck. the ford f series. one selling every 42 seconds in this country. as far as sedans go, it's the toyota camry, one selling every single minute in america. then there's the ford fusion, one selling every two minutes. it's why we're hearing from ford that they're adding jobs here in the u.s. 1,400 new jobs to build fusions. >> and overall how many jobs in the auto industry? >> overall, 19,000 new jobs in auto manufacturing in the month of august. it's one thing people will see at dealerships, many of them don't have enough cars to supply the people with. they're selling faster than they can replenish. that's good news for jobs because the carmakers have to ramp up their production. >> okay, rebecca, thank you. >>> next, we turn to the new report on arsenic levels in rice. the kind of rice in most american kitchens. the fda issued a new finding today. dr. richard besser tells us what it means and what to
abc's chief business correspondent, rebecca jarvis, is here to tell us. what are the hot cars right now? >> the hottest vehicle right now is actually a truck. the ford f series. one selling every 42 seconds in this country. as far as sedans go, it's the toyota camry, one selling every single minute in america. then there's the ford fusion, one selling every two minutes. it's why we're hearing from ford that they're adding jobs here in the u.s. 1,400 new jobs to build fusions. >> and...
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tonight abc's chief business correspondent rebecca jarvis says watch out for the scams taking advantage at this moment. >> reporter: tonight it's one of the fastest growing scams in the country. >>> i'll tell you one thing, i've learned an expensive lesson. >> reporter: for marian kerr, it started with a phone call to her home in hastings, nebraska from someone claiming to be from washington d.c. with important changes to her health care. >> she said you're between the ages of 55 and 75 and i said no. she said what? >> reporter: she mistakenly revealed her name, birthday, and in a matter of minutes, her address, social security and bank information, thinking she was just confirming what the caller already knew. >> what was really strange was it needed to be on a recording which needed to be done within three minutes. >> they're looking to confuse. they're looking to steer you into making a quick decision. >> reporter: scam artists taking advantage of the confusion surrounding the new health care law. consumer watch dogs say they get complaints every day. >> the scammers see it on the ne
tonight abc's chief business correspondent rebecca jarvis says watch out for the scams taking advantage at this moment. >> reporter: tonight it's one of the fastest growing scams in the country. >>> i'll tell you one thing, i've learned an expensive lesson. >> reporter: for marian kerr, it started with a phone call to her home in hastings, nebraska from someone claiming to be from washington d.c. with important changes to her health care. >> she said you're between...
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so, i want to bring in abc's chief business and economics correspondent, rebecca jarvis, who is with me here tonight. we already saw how wall street is, in real time on this. >> reporter: david, this is issue number one for the stock market. if you look at this, the stock market responding almost immediately, where you see on the left-hand side of your screen, the comments from putin, that russia would be backing syria and not the united states, a 150-point drop in the dow, because of that. so, you can see, david, how pivotal this week will be as the u.s. makes decisions about what its role will be in syria. wall street will be watching. >> a huge drop with just word from putin on syria. in the meantime, the other concern, you say, oil prices, already at what, a two-year high? >> reporter: $110 a barrel. and right now, americans are paying $3.57 at the pump. you could see that go up, with any type of military intervention, because this is a part of the world that controls about a third of our supply. >> the markets will be following the president as well. rebecca, thank you. >>> and
so, i want to bring in abc's chief business and economics correspondent, rebecca jarvis, who is with me here tonight. we already saw how wall street is, in real time on this. >> reporter: david, this is issue number one for the stock market. if you look at this, the stock market responding almost immediately, where you see on the left-hand side of your screen, the comments from putin, that russia would be backing syria and not the united states, a 150-point drop in the dow, because of...
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Sep 19, 2013
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rebecca jarvis here to explain it all. and the surprise is, the fed's going to keep pumping money into the economy. >> reporter: what a difference $85 billion a month makes, george. that's what's happening. $85 billion a month, flowing into the markets. that's sending stocks to fresh all-time highs. which is good news for anyone with a retirement savings account, a 401(k), i.r.a., even a pension. it's the 31st-record high close this year. stocks are up almost 20%. if you invested during the worst moments of the financial crisis in march of 2009, you would have more than doubled your money. stocks up almost 140% since then. but my sources on wall street do caution, many of the recent gains are specifically tied to this fed's policy. they want to see more evidence in the real economy. stronger jobs, to help fuel the rally forward, george. >> meantime, the white house closing in on a replacement for fed chair ben bernanke. >> reporter: and that replacement, looks like it's going to be dr. janet yelling, who would be a continu
rebecca jarvis here to explain it all. and the surprise is, the fed's going to keep pumping money into the economy. >> reporter: what a difference $85 billion a month makes, george. that's what's happening. $85 billion a month, flowing into the markets. that's sending stocks to fresh all-time highs. which is good news for anyone with a retirement savings account, a 401(k), i.r.a., even a pension. it's the 31st-record high close this year. stocks are up almost 20%. if you invested during...
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abc's rebecca jarvis is here to explain that. >>> josh, good morning.much riding on this report. putting everyone back to work in america. americans will pay more to borrow from the cost of a mortgage to a car loan. the economy added 169,000 jobs in august. unemployment ticked a little lower to 7.3%. overall it was still weaker that many were expected. what does the federal reserve do next? will the fed pull back on some of the $85 million in monthly stimulus that it's been pumping into the market? it's helped our stock market stay afloat. if the fed does that, then interest rates, which have been at historic lows, they start to go up. the cost of buying a home goes up 10%, josh, for each 1% mortgage rate increase. that's important to everyone. >> rebecca jarvis, thank you for that. >>> meanwhile, that raging wildfire around yosemite national park is now being blamed on a careless hunter. investigators say he built an illegal campfire that then exploded beyond his control. the flames have scorched an area roughly the size of dallas, texas. it's cost som
abc's rebecca jarvis is here to explain that. >>> josh, good morning.much riding on this report. putting everyone back to work in america. americans will pay more to borrow from the cost of a mortgage to a car loan. the economy added 169,000 jobs in august. unemployment ticked a little lower to 7.3%. overall it was still weaker that many were expected. what does the federal reserve do next? will the fed pull back on some of the $85 million in monthly stimulus that it's been pumping...
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Sep 30, 2013
09/13
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rebecca jarvis is here now with all the information you need to know. people need to know this, don't they? >> reporter: there is a lot of it. good morning. tonight, for the first time, every american will have a look at the insurance plans offered under the affordable care act. report this is morning that the obama administration is working to overcome technical glitches. here's how it all affects you. when the clock strikes midnight tonight, every american will be able to shop for health insurance. obama care, a bill that requires all americans to purchase health insurance by 2014. if you don't have health insurance you have to get it or face fines. get ready to shop at the health insurance marketplace or exchange. think of it as a health insurance mall for your state. each store represents a different insurance company. you'll get an easy to read map and get options to see what makes the most sense for you and your family. if you're one of the 3 in 5 americans insured by your company, you will continue to be insured by them. you have the option to ge
rebecca jarvis is here now with all the information you need to know. people need to know this, don't they? >> reporter: there is a lot of it. good morning. tonight, for the first time, every american will have a look at the insurance plans offered under the affordable care act. report this is morning that the obama administration is working to overcome technical glitches. here's how it all affects you. when the clock strikes midnight tonight, every american will be able to shop for...
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Sep 24, 2013
09/13
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rebecca jarvis is here. that website, yelp, is under fire. >> reporter: yelp, citi search, even yahoo! all are rooting out the con artists online. and if you wondered whether that gushing review for a restaurant or a hairdresser is real? some confirmation, your instincts are right on-point. they're the opinions millions of americans trust for everything from planning a vacation to choosing a dentist. but this morning, for the first time, the government says many online reviews are nothing but complete fabrication. >> in some cases, they went as far away as eastern europe and bangladesh to hire phony reviewers. this is a massive fraud that we're determined to shut down. >> reporter: the new york attorney general is fining 19 companies $350,000 in total, fines ranging from $2,500 to just under $100,000 for paying people to write phony internet reviews of companies and products they've never even heard of. kathy says companies like this pay her 4 bucks a pop to file reviews from her parents' home in wisconsin.
rebecca jarvis is here. that website, yelp, is under fire. >> reporter: yelp, citi search, even yahoo! all are rooting out the con artists online. and if you wondered whether that gushing review for a restaurant or a hairdresser is real? some confirmation, your instincts are right on-point. they're the opinions millions of americans trust for everything from planning a vacation to choosing a dentist. but this morning, for the first time, the government says many online reviews are nothing...
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Sep 13, 2013
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abc's rebecca jarvis here with details on just how big. >> reporter: yes, josh. and the question is how big and for whom? this morning, twitter is one step closer of joining the ranks of google, apple and facebook. in a secret filing with regulators, twitter made its intentions to go public known. and then it tweeted it to the world. now, it's a matter of time before anyone watching everyone can own shares of twitter. well, wall street expects the company is valued somewhere between $15 billion and $20 million. that's not as big as facebook's $100 billion ipo. but it's a huge amount of money. and especially huge when you consider that just a handful of years ago, no one had heard of a tweet. now, we're sending more than 500 million of them every, single day, josh? >> not all from me, i promise. >>> dramatic scene to bring you. in louisville, kentucky, a little girl fell into an aban n abandoned well in the middle of a football field. then, a coach tried to rescue her. got trapped, as well. they were 14 feet underground for nearly an hour before fire crews were ab
abc's rebecca jarvis here with details on just how big. >> reporter: yes, josh. and the question is how big and for whom? this morning, twitter is one step closer of joining the ranks of google, apple and facebook. in a secret filing with regulators, twitter made its intentions to go public known. and then it tweeted it to the world. now, it's a matter of time before anyone watching everyone can own shares of twitter. well, wall street expects the company is valued somewhere between $15...
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Sep 25, 2013
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and rebecca jarvis is here with who is hiring and how many and what it says about the strength of our economy. >> reporter: it says a number of things about the strength of our economy. we're learning which companies are adding temporary workers this holiday. and how many jobs they'll be adding. with the bulk of hiring happening in october. so, if you're looking for a temporary job, now is the time to get those applications in. some of the big names adding now, walmart, kohl's, target, jcpenney and toys "r" us. walmart is hiring about 55,000 seasonal workers. that's 5,000 more jobs than last year. but target is hiring 70,000 workers. that's a pretty big number, yes? but it's a 20% drop from a year ago. >> so, when you add it all up, what does it say about where we are right now? >> it says these companies are learned to do more with less. we see it on the shelves. we see less inventory in many cases. and also seeing it in the stores. fewer people working because more people are shopping online. >> thank you very much. >>> now, to the michael jackson wrongful death lawsuit. closing arg
and rebecca jarvis is here with who is hiring and how many and what it says about the strength of our economy. >> reporter: it says a number of things about the strength of our economy. we're learning which companies are adding temporary workers this holiday. and how many jobs they'll be adding. with the bulk of hiring happening in october. so, if you're looking for a temporary job, now is the time to get those applications in. some of the big names adding now, walmart, kohl's, target,...
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rebecca jarvis has more on why retailers are trying to jump-start the holiday season earlier than ever> reporter: it's beginning to look a lot like christmas. >> don't let the holidays sneak up on you. >> reporter: at least if you're a k-mart shopper. this new ad, airing more than 100 days before christmas, may be designed to lure in layaway shoppers. but this morning, on the company's facebook page, things aren't so merry. you don't need to give kids christmas overload in september. shame on you. and burn, k-mart, burn. k-mart is defending the timing of its new promotion, saying customers can plan in advance to take advantage of layaway for holiday purchases. the idea, the retailer says, start saving now to afford your gifts in december. >> the time between thanksgiving and christmas is the shortest it can ever be on retail selling days. they have to start earlier. >> reporter: but each year, the christmas ad crush keeps starting sooner. >> i went a little overboard. >> reporter: last fall, target ran its first holiday ad october 7th. plus, black friday sales, which traditionally bega
rebecca jarvis has more on why retailers are trying to jump-start the holiday season earlier than ever> reporter: it's beginning to look a lot like christmas. >> don't let the holidays sneak up on you. >> reporter: at least if you're a k-mart shopper. this new ad, airing more than 100 days before christmas, may be designed to lure in layaway shoppers. but this morning, on the company's facebook page, things aren't so merry. you don't need to give kids christmas overload in...
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Sep 20, 2013
09/13
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abc's rebecca jarvis is here now, with what's pushing home sales. >> hi, robin.here were a handful of things that are pushing this. it is a housing feeding frenzy. buyers racing to get homes before mortgage rates, that's a big one. before mortgage rates tick any higher. home sales are at their highest level since 2007. we're hearing that the houses that are sitting on the market are sitting there for less than 24 hours with the pace of existing home sales up 13.2% from last year. the biggest thing spurring this surge are mortgage rates. this morning, the 30-year fixed rate mortgage is 4.4%. that's a full percent higher than where rates were in may. some people could have gotten some people couldn't have gotten a mortgage in may for 3 .4%. >> it's creeping up a little bit here. that means bigger house payments. what is the difference we're talking about here? >> it's sizable robin. every time you see mortgage rates go up about a percent, you're going to see your cost of owning that home go up 10%. on a $200,000 mortgage, you'll pay about $2,000 a year more. just f
abc's rebecca jarvis is here now, with what's pushing home sales. >> hi, robin.here were a handful of things that are pushing this. it is a housing feeding frenzy. buyers racing to get homes before mortgage rates, that's a big one. before mortgage rates tick any higher. home sales are at their highest level since 2007. we're hearing that the houses that are sitting on the market are sitting there for less than 24 hours with the pace of existing home sales up 13.2% from last year. the...