rebecca jarvis with your money. >>> and good evening. thanks for joining us on this saturday. i'm tom llamas. >>> and we begin tonight with the war of words between president trump and nba star lebron james. president trump attacking james' intelligence. this, after lebron said in an interview that the president is using sports to divide the american people. and the new detail just emerging, first lady melania trump issuing a statement, pratzing the basketball player. president trump is in ohio tonight, james' home state for a political rally. abc white house correspondent tara palmeri is there with him and starts us off. >> reporter: president trump hitting the campaign trail in columbus tonight. but before leaving, tweeting an insult at ohio's favorite native son. "lebron james was just interviewed by the dumbest man on television, don lemon. he made lebron look smart, which isn't easy to do." the president added, "i like mike!" an apparent reference to michael jordan. earlier this week, lebron james spoke with cnn's don lemon about a school for at-risk kids he's opening in

>> rebecca jarvis on wall street tonight. rebecca, thank you. >>> next, possible storms in the northeast coming in the next several hours. and, of course, the fire emergency growing in the west. tonight, an arrest in one of those major fires, a man who allegedly wrote to a fire chief, warning, this place will burn. crews in that fire battling a tornado of fire overnight. the images really surreal. that growing fire now triggering new mandatory evacuations tonight. the concern for communications and cell towers also growing. could cell phones, tvs, internet service all go dark? abc's will carr from california. >> reporter: tonight, an all-out battle on the front lines of the holy fire. the blaze exploding overnight and still out of control. >> this is a frightening fire. it has just erupted. now that it's gotten so big, it is so difficult to defend. >> reporter: now threatening critical communication towers. authorities telling residents to get out now. there is a major air attack going on right now, planes flying by, dropping

." >> and rebecca jarvis live tonight from the new york stock exchange. and rebecca, the speaker of the house tonight, republican paul ryan, taking action in the wake of this indictment? >> reporter: that's right, david. house speaker ryan says the courts will decide collins' guilt or innocence, but he wants a thorough ethics investigation, and until the matter is settled, the congressman will no longer serve on the house energy and commerce committee. but the congressman plans to run for re-election, still, in november. david? >> rebecca jarvis on wall street tonight. thank you. >>> next, possible storms in the northeast coming in the next several hours. and, of course, the fire emergency growing in the west. tonight, an arrest in one of those major fires, a man who allegedly wrote to a fire chief, warning, this place will burn. crews in that fire battling a tornado of fire overnight. the images really surreal. that growing fire now triggering new mandatory evacuations tonight. the concern for communications and cell towers also growing. could cell phones

rebecca jarvis has more on how to answer that question. >> worry home prices at record highs, rising law, answering the question, should i rent or buy has rarely been trickier. >> you might offer $300,000 for the home, but if someone comes in at 320, your offer account escalate. >> that makes sure no one will outbid you. >> sales of existing and newly built homes fell in june as did mortgage applications. a shortage of houses for sale has driven out valleys and priced up would be buyers. if you do want to buy in this market, be prepared for bidding wars. depending on where you live, it may not make sense to own. >> if you will be there two years or more, buy, not rent. where the break even horizon is much longer. seven years. >> zillow and nerd wallet will help you to calculate whether it's smarter to own or rent based on your location. rebecca jarvis, abc news, new york. >> as you know, one of the top issues for the bay area is transportation. how to get where you want without being stuck in traffic. >> the many options under consideration including a hyper loop. >> here's a live lo

. >> rebecca jarvis has a look at how people are turning casual dates into business opportunities. >> okay. let's do a bunch of career guides and highlighted passages and put them in a folder so you can make a decision. >> not everyone has someone to help with a job search. some stick to how to be single. >> do you want my business cards, maybe 400 of them to tile your bathroom? >> and a freelance photographer has found a new way to find work, dating apps. >> i'm not necessarily using dating apps as networking but if it turns into that fine. >> he nabbed referrals on tinder and bundle an a wedding for $10,000. >> the first time i got a job from tindr, it was natural. went on a couple more dates. the people on the shoot with me liked what i did and hired me over and over again. >> the risks of meeting someone on a dating app and ultimately working with them or for them you do risk setting yourself up for an uncomfortable situation for work, recreational damage, being fired, what's important is being transparent. >> some dating apps are capitalizing on users looking for job connections.

abc 7 news reporter rebecca jarvis has more on how to answer that tough question. >> reporter: with homeces as record highs in much of the country, rising mortgage rates and sweeping changes to the tax law, answering the question, should i rent or buy, has rarely been trickier. >> you might offer, say, $300,000 for the home, but if somebody else comes in at $320,000, your offer could escalate up to say, $320,000. >> which makes sure that nobody else is going to come in and outbid you. >> it removes some of the risk of, oh, did i overbid? >> reporter: sales of existing and newly built homes fell in june, as did mortgage applications. a severe shortage of housing priced out in would b-be buyers. and if you do want to buy in this market, prepare for bidding wars. and depending on where you live, it might not make sense to own. >> nationwide, if you're going to be in the home for two or more years, you should buy, not rent. but it's very city specific. there are some places, like in new york, where the break-even horizon is much longer, like seven years. >> online tools like zillow or nerd w

abc news reporter rebecca jarvis has more on how to answer that very tough question. >> reporter: withices as record highs in much of the country, rising mortgage rates and sweeping changes to the tax law, answering the question, should i rent or buy, has rarely been trickier. >> you might offer, say, $300,000 for the home, but if somebody else comes in at $320,000, your offer could escalate up to say, $320,000. >> which makes sure that nobody else is going to come in and outbid you. >> it removes some of the risk of, oh, did i overbid? >> reporter: sales of existing and newly built homes fell in june, as did mortgage applications.ag houses for sale has driven up values and priced out in would-be buyers. and experts say, if you do want to buy iprepared for bidding wa. but depending on where you live, it might not make sense to own. >> nationwide, if you're going to be in the home for two or more years, you should buy, not rent. but it's very city specific. there are some parts of the country like in new york, where the break-even horizon, as we call it, is much longer, like seven years

i'm rebecca jarvis.famously battled his way back from financial ruin and used the lessons he picked up along the way to build a multimillion-dollar empire. radio host dave ramsey, the money mentor, has made it his mission to help the millions of americans drowning in debt and stop the rest of us from getting into it. here's "nightline" coanchor byron pitts. >> reporter: this man is on a mission. >> half of her debt is for a history degree. somebody please smack me. >> reporter: to get you out of debt by any means necessary. >> you don't need to buy a house, you have $300,000 in student loan debt you need to>>o financial gurus, dave ramsey holds a unique position. the wildly popular radio host known for his pull no punches, pop you in the mouth, take on finances. >> you went into debt so you could live in a one-bedroom apartment with a jacuzzi and a skylight? somebody ought to smack you into next week. >> reporter: the daily dose of tough love has made him one of the most listened to radio hosts in americ

here's rebecca jarvis. >> reporter: facebook banning pages with names like black elevation, mindful beingf a covert campaign likely designed to influence the mid-term elections in november. cheryl sandberg admitted whoever was behind them went to great lengths to cover their tracks. >> it's clear that whoever set up these accounts went to much greater lengths to obscure their identities. >> reporter: while facebook says it's not yet clear who created the pages there are similarities to previously banned i.r.a. accounts but so far no links to russian pages. they were followed by more than 290,000 accounts and ran 150 ads. claire mccaskill says they recently tried to hack her office. they acknowledge these adversaries are determined, well-funded and constantly changing tactics. rebecca jarvis, abc news, new york. >>> paul manafort returns to a federal court in virginia this morning for day two of his fraud trial. he is accused of a series of financial crimes. it is not focused on work with president trump or russia. if convicted, manafort could spend the rest of his life in prison. >>> cbs

rebecca jarvis has the details. >> reporter: he's one of president trump's most loyal supporters. >>reporter: the first member of congress to endorse him. >> right from the beginning, he said trump is going to win. >> reporter: but new york republican congressman chris collins is charged with insider trading and lying to the fbi. allegedly sharing inside information to save family and friends nearly $800,000. >> he placed his family and friends above the public good. >> reporter: collins, who posted this photo from a white house picnic in june 2017 where he allegedly received an e-mail from the head of australian pharmaceutical company, innate. the ceo informing him their most important drug for ms had failed a test. collins writing back, wow, makes no sense. just a minute later, he called his son passing on the information. the congressman spotted here at the picnic on his phone. his son sharing that information with his future father-in-law, steven zarski and others. the next morning, the group started dumping shares of the company. four days later, when the failed test results wer

here is rebecca jarvis. >> reporter: meet kelly thompson, an aerospace program manager outside hartfordticut. >> we build and design parts that are used in commercial aircraft. >> reporter: but three weeks ago, she was an intern. >> you're interns? shut up. >> reporter: nearly a decade ago, kelly left the industry to raise her three children. >> i said's just going to be a few months, a few months turned into a few years. >> reporter: nine years later she was ready to go back but it wasn't that simple. >> it was a hit to me to not even have people be willing to speak with me because i had elected to take time off to raise my family. >> reporter: what she needed, not an internship but a returnship looking for people to relaunch their careers after time off. >> i was a little surprised how much my skills needed to be brushed up. >> reporter: major brands like ibm, ford and mastercard offer these programs to sharpen skills, build confidence and ease the transition back. and far from getting coffee, responsibilities and pay are often in line with other mid career jobs. >> this internship fo

abc chief business correspondent rebecca jarvis out to save your money tonight. >> reporter: a week to go until labor day, but tonight, many of those sales already on. >> labor day deals start right now. come in today and save up to 40%. >> reporter: from furniture to outdoor gear and footwear at rei, to home decor at target. >> this labor day, people should be buying mattresses, patio furniture and grills and also appliances. >> reporter: patio furniture and grills on sale at home depot, sears and lowes, now offering this $300 grill for $159. and with dealers looking to make space for next year's models, you'll find bargains on cars, too. this time of year is also a great time to book travel. >> this time of year is known as the shoulder period, that means it's between summertime travel and wintertime travel. so, you're going to see a lot of discounts on flights all over the country, some up to 40% off. >> reporter: david, now is also a great time to stock up on summer clothes, but if you're on the market for a tv, better to wait until black friday. david? >> all right, rebecca, thank

here's abc's chief business correspondent rebecca jarvis. >> reporter: facebook tonight banning pages with names like "black elevation," "mindful being," and "resisters." those among 32 fake accounts, part of a covert campaign likely designed to influence the midterm elections in november. coo sheryl sandberg admitting whoever's behind them was careful to cover their tracks. >> it's clear that whoever set up these accounts went to much greater lengths to obscure their true identities than the russian-based internet research agency i.r.a. did in the runup to the 2016 u.s. presidential election. security is an arm's race and it's never done. >> reporter: while facebook says it's not yet clear who created the pages, there are similarities to previously banned i.r.a. accounts. but so far, no links to russian ip addresses. the pages were followed by more than 290,000 accounts and ran 150 ads. facebook's announcement highlighting the threat of potential meddling in the midterm elections. democratic senator claire mccaskill, in a fight to hold onto her seat, recently announcing russians unsu

here is rebecca jarvis. >> reporter: with home prices at record highs, sweeping changes to the tax lawould i rent or buy has rarely been trickier. >> you may offer $300,000 for the home, but if somebody else comes in at $320,000 your offer could escalate to $320,000. >> reporter: which makes sure no one else is going to outbid you. sales of existing and newly-build homes fell overall in june. a severe shortage of priced out many would-be buyers. experts say if you do want to buy in this market, be prepared for bidding wars. but depending on where you live, it might not make sense to own. >> nationwide, if you're going to be in the home two or more years, you should buy, not rent. but it's very city specific. in new york, the break-even horizon is much longer, seven years. >> reporter: online tools like zillow and nerd wallet will help you calculate whether it's better to buy or rent based on your location. >> seven years in new york. >> inventory is pretty low. they do come back in the fall. a lot of people are expecting more properties will be on the market come september. >> they say

. >> reporter: rebecca jarvis, abc news, new york. >> i am hitting up mine. >> he is swiping. >> hittingight now. you up? >> i don't know if it's going to be they don't help single moms. hi. hi. what happened to our house last year? it flooded. and the water flooded out. yeah. the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and... take care of them, you know? i feel like we've come full circle. like that! this is how i'll do it. sarah: there you go. >>> good morning. i'm maggie rulli in for diane rulli. >> federal investigators are now looking to two cases of stolen planes ending in fiery crashes. the latest crash near provo, utah, involve a man that intention ally crashed into his own home, this after a domestic violence arrest. >>> a utah fire fighter died battling the mendocino complex fire. that's now the largest fire in the state's history. >>> it is primary day in four dates, voters are heading to the polls in wisconsin, minnesota, connecticut and vermont. governor seats in the house and senate are up for grabs. it will

our chief economics correspondent rebecca jarvis is here with what to wait on what, to buy.kay. let's talk grills and end of summer, wait, buy? what do you say? >> do you buy them now? >> or wait on grills? >> wait. >> wait. >> all right, we have so us. it is a buy now item. so right now this time of year -- >> get your grill. >> -- stock up on grills, patio furniture because they're trying to close it out. lowe's up to 75% off. patio furniture at wayfair, 59% and walmart, 39% off grills. so great deals out there. >> buy them now. >> okay. >> always our favorite conversation. shopping for clothes. what do you guys say? is it time to shop for clothes now? buy clothes now? wait? >> yes, indeed. mostly buy now. a lot of buy now opportunities in clothes especially if you want to buy summer c old navy, lord & taylor, h&m, up to 60%, banana republic, abercrombie and great deals at all of those places and probably wherever you shop. >> did you do your back-to-school shopping yet? >> no. >> electronics. we got ipads, phone, computers. what do you guys say before we head back to scho

abc's chief business correspondent rebecca jarvis is here, and, rebecca, it's a lot of iphones. >> it is mind-boggling. apple is now as valuable as the four biggest u.s. banks combined. if you put $10,000 in apple in 1980, today you'd be a millionaire. this morning, the company known for its leaked designs and captivating mantras is known as the first trillion dollar publicly traded u.s. company in history. a long way from 1997 as the tech giant came dangerously close to bankruptcy. the stock traded for less than a dollar. magazines famously predicting doom for the computer pioneers. thursday "businessweek" tweeting their old gloomy cover with the caption lol. this now makes apple more valuable than the gdp of 16 countries. they push boundaries and come back from disaster, defeat and deep loss. >> today apple is going to reinvent the phone. >> reporter: when steve jobs died just short of seven years ago many feared the company would struggle to fill the shoes of the iconic creator and entrepreneur who began the tech firm with steve wozniak in a california garage. now with one in every

our chief business correspondent rebecca jarvis is here and, rebecca, overnight collins vowed to fight the charges. >> reporter: that's right, robin. in a short news conference overnight he didn't take questions from reporters, but congressman collins vowed to clear his name and run for re-election in november. this morning, a defiant congressman chris collins -- >> the charges levied against me are meritless. >> reporter: the republican from new york one of trump's earliest and most loyal supporters. >> donald trump is a movement. >> oh, chris, right from the beginning he said trump is going to win. trump is going to win. >> reporter: dismissing allegations of insider trading and that he lied to the fbi, vowing to fight the charges in court and win re-election. >> i look forward to being fully vindicated and exonerated. >> reporter: according to the indictment collins broke federal law by profiting from inside information, saving his family and friends nearly $800,000 on a single pharmaceutical investment. >> congressman collins acted as if the law didn't apply to him. >> reporter: co

our chief business correspondent rebecca jarvis is here. great job of connecting you with people. and now, some of those people hoping to land dates are also on the hunt for job offers and business opportunities. >> okay. i have looked through a bunch of career gitds. photo copied and highlighted key passages and put them into folders so you can make an informed decision. >> reporter: not everyone has a monica to organize their job search. such stick to traditional methods. >> do you want one of my business cards? or maybe 400 of them so you can tile your bathroom? >> reporter: others like this freelance photographer has found a new way to find work, dating apps. >> i'm not using it as networking, but if it turns into that, then i'm happy with that as well. >> reporter: he says he's gotten about ten job referrals from dates. even a wedding gig where he could make up to $10,000. >> the first time i have got a photography job from tinder it felt natural. the people that came on the shoot with us liked what we did. and hired me over and over a

rebecca jarvis is here. >> reporter: claims they make on their website, tv commercials and apps are likely a background check even when that is not the case. angie's list makes it easy -- the home improvement resource many of us turn to, angie's list. everything from finding someone to paint your house to remodeling your ditchen but this morning the san francisco district attorney filing a lawsuit claiming the company has made a number of false and misleading representations about background checks, on television their website and their smartphone app. the suit alleges angie's list deceives potential customers into thinking they do background checks on workers that come into their home stating this is not the case. angie's list only background checks the principal owner of the owner listed on their list and not the individual worker or subcontractor that comes to their home. in the suit prosecutors point to deceptive language. >> this kind of case gives hope that there's word going out on the teeth that false advertising in the internet is something that's not going to be tolerated. >> rep

and rebecca jarvis here to show us how they did it.s what happened when one oklahoma couple decided to stop fighting about finances and started attacking their debts one by one. they have been dubbed the super savers. >> i don't want to owe anyone anything ever again. >> reporter: for chris and morgan their journey to cutting over $120,000 in debt in just three years was more about working together as a team. >> we're either going to pay this off or we're going to pay this forever. >> reporter: shortly after their wedding the newlyweds realized they like many other couples were enveloped in debt. from $88,000 in student loans, $29,000 in car debt, 5200 on credit cars and $1,000 on wedding rings, their money woes causing tension between morgan, the saver, and chris, the spender. >> i compromised a little. he compromised a little. we were really just aligning our priorities. >> reporter: so first off they refused to add more debt. >> we didn't use credit cards at all. >> maybe t he first step we boy >>ut everything but the essentials. >>