>> rebecca jarvis tonight. thank you, rebecca. >>> now to the developing headline tonight from washington. news in the investigation of the january 6th riot. the house committee now asking the republican leader in the house, kevin mccarthy, to voluntarily cooperate with their investigation. we're also learning the former president's former press secretary has already answered questions from the committee. our chief washington correspondent jonathan karl with late reporting tonight. >> reporter: tonight, the committee investigating the january 6th insurrection is asking the leader of the house republicans, kevin mccarthy, to voluntarily testify about his conversations with then-president trump as the riot was underway. the committee believes mccarthy is uniquely qualified to talk about trump's state of mind. as the violence unfolded. in my book, "betrayal," a source close to mccarthy recounts a heated phone call between the republican leader and trump. mccarthy told trump, "i just got evacuated from the capitol!

abc's chief business correspondent rebecca jarvis has been following the trial. thanks for joining us. rebecca, of the 11 fraud and conspiracy charges she was facing, she was found guilty on four of them. what do you make of those mixed verdicts? >> reporter: this trial came down to a handful of things. elizabeth holmes was charged with misleading patients, doctors, and investors. when it came to investors, she was found guilty largely by this jury. when it came to patients, she was found not guilty. of course, you have those three charges on which the verdict could not be reached by the jury. that was declared on those charges a mistrial by the judge. >> yet, we know she's expected to appeal her verdict. could there be a retrial on some of those charges and how likely is prison in her futch central>> reporter: the government has the option to retry those three charges where no verdict was reached. and in terms of prison time, legal experts tell us they expect elizabeth holmes to serve some time in prison.pshe faces for each count. it can be served concurrently, b

>> all right, rebecca jarvis on the breaking news tonight. rebecca, thank you. >>> and from washington, the news involving the january 6th investigation. the house committee now says it has first-hand accounts of what then president trump was doing as his supporters attacked the capitol. where was he and for how long was he watching it all? here's jon karl. >> reporter: the january 6th committee has now spoken to people who were at the white house with donald trump the day his supporters attacked the capitol. and the top republican on the committee says they now know what the former president was up to as the chaos unfolded. >> the committee has first-hand testimony now that he was sitting in the dining room next to the oval office watching the attack on television as the assault on the capitol occurred. >> reporter: citing that first-hand testimony, cheney says trump made no effort to stop the violence. the white house briefing room was right down the hall. but he made no statement condemning the riot. that morning, before the riot, ivanka tr

rebecca jarvis breaks it down. >>> the rising tensions in ukraine. the u.s. ambassador to moscow delivering america's official response to russia's demands. that ukraine never be allowed to join nato. the u.s. making no such promise. ian pannell in ukraine. >>> prince andrew fighting back tonight. formally responding to the sex assault lawsuit by virginia giuffre, asking for a jury trial now. >>> a police officer in philadelphia dragged nearly half a mile during a traffic stop. the officer surviving this. >>> and remembering two well-known actors tonight. >>> and neil young demanding spotify take down his music and why. and what spotify did today. >>> good evening and it's great to have you with us here on a very busy wednesday night. we begin tonight with the major news from the supreme court today. justice stephen breyer set to retire, according to sources aware of his decision. we await official word from the justice himself, who at 83 is the oldest supreme court justice, the most senior member of the liberal wing. long a staunch defender of a nonpartisan

let's bring in our chief business correspondent rebecca jarvis tonight. rebecca? >> reporter: david, traders here on wall street believe the federal reserve is on the verge of hiking interest rates in order to cool and calm down inflation. while that should make prices stabilize over the long-term, it also increases the cost of borrowing and can have an impact of slowing down the economy. most people's 401(k)s track the s&p 500, which is down this year 9%, but when you broaden out that perspective, over the last 12 months, that same stock market is up 13%. over the last five years, it's up 90%, which is why, david, it is so important to think about these things, investing and building that nest egg, over the long-term. david? >> yeah, but still heart-pounding to watch these last couple of days. rebecca, thank you. >>> when we come back here tonight, the urgent search outside new york city tonight for a missing mother and her two young children. >>> and then the news on elton john. ...so you can find just the right plan for you. like the “visit a doctor anywhere ou

our chief business correspondent rebecca jarvis joins us now with more, rebecca, good morning to you.reporter: hi, t.j. good morning, and prices are rising and predicted to continue climbing throughout the year. where we're seeing it is everywhere. two of the biggest culprits are gasoline prices up more than 49.6% over the last year and used cars and trucks which are up 31.4% over the last year and you're really seeing it across the board in household items, meat, poultry, fish, up 12.8%, coffee up 6.3%, snacks up 5.6%. even the home itself, more expensive than this year, rents up 4.2% and there are really two culprits behind this. you have both the supply chain disruptions that have been brought about by the pandemic but there's also demand, americans continue to consume and have an appetite to spend. that's led to shortages and then it leads prices higher as well. the federal reserve is tracking this carefully. they say inflation is a severe threat to the future of this economy. t.j.? >> all right, rebecca jarvis, for us this morning, thank you so much. robin? >>> now to the big new

let's bring in rebecca jarvis. good morning, rebecca. be higher for many people, but also something that many people began receiving in july through december of last year, and they can claim the additional part of that credit on these taxes. also, those stimulus payments, the last check for $1,400 went out, but not everybody has received it. make sure when you're filing those taxes, george, if you're entitled to those credits, fill out the eligibility forms on your taxes to be sure you actually collect that money. it's rightfully yours. >> the irs has been warning about slow processing for refunds. how can we get our refunds more quickly? how do we maximize them? >> reporter: this is going to be something everybody is going to be dealing with. the best thing you can do is file electronically. that's the fastest way to get your information to the irs and the fastest way to get your refund check. as for the refund check, make sure you have direct deposit set up. that will keep any delays from impacting you. also, look out for letters in th

rebecca jarvis looks at the road ahead. rebecca: this is one for the history books. it will be studied in business schools and law schools for years to come. elizabeth holmes now a convicted criminal. the theranos family -- founder once hailed as the next steve jobs for her supposedly revolutionary blood testing company now guilty on four counts of criminal fraud. there were additional counts the jury could not reach a conclusive verdict on after seven days of deliberations. the eight men and four women came back to the court saying they could not find a unanimous outcome on those counts. the judge declared a mistrial. the government will have the opportunity to retry those charges at a future date. there will also be sentencing in the coming weeks for each of the counts. she faces a maximum prison sentence of up to 20 years behind bars. legal experts say she will almost certainly spend years of time behind bars in prison. kumasi: case and highlights of the trial, you can check out a podcast called the dropout hosted by rebecca jarvis. a new episode about the verdict

rebecca jarvis is back with a look inside the deliberations. ter: yes, george, this was a long and dense trial. it went on for 17 weeks, the jurors had a huge amount of ground to cover. it was complicated and now for the first time we're getting an inside look at that deliberation room and why the jurors found elizabeth holmes guilty on four counts of criminal fraud. this morning, the first two elizabeth holmes jurors to speak out. juror number 6, wayne kaatz, a 64-year-old tv writer and actor from california exclusively telling abc news three days into the deliberations jurors had reached a decision on 8 of the 11 counts against elizabeth holmes. but spent the remaining four days deadlocked on the three counts that were declared a mistrial. juror number 11, mike kew, a 60-year-old property manager from santa cruz described the deliberation scene. >> we had to build an entire system to figure this out. we ended up using post-it sheets to put our notes on and pasting them to the courtroom wall, covering an entire wall. that was our war room. >> r

abc's chief business correspondent rebecca jarvis has more on where we may see our movies this year.om "black widow" to "f9." >> let's get to work. >> reporter: the big screen is open for business. >> nice clubhouse. >> reporter: but while 2021 brought the return of movie theaters, cinephiles didn't exactly jump at the opportunity to leave the comfort of their couches thanks to the rise in streaming. consumers have more options than ever with the average american subscribing to about four platforms. so what does this mean for the future of movie theaters? we asked wabc's entertainment reporter and movie critic sandy. >> it's ved to chart the ness l tendance returns to prepandemic levels or nearly so. >> reporter: while box office receipts have improved since theaters shuttered their doors in 2020 and the recent "spider-man" grossed more than $250 million opening weekend, it's still not business as usual. the highest grossing film of 2021 brought in almost 75% less than 2019, a $600 million difference. >> you have proven you can rule yourself. now you must learn to rule others. >> rep

rebecca jarvis is back with expert tips on how to land the gig you really want. llion americans voluntarily quit their jobs in the month of november in search of something new and there are 1.5 job openings for everybody who's out of work. here's how you can take advantage. after four years of working in health care, philadelphia native cierra parsley is ready to change her career. her goal, find a new job in i.t. >> i am looking into project management, however, i have so many transferable skills that i'm looking to go anywhere. >> reporter: but her search hasn't been exactly fruitful. after six months and about 20 job applications she's only scored one phone interview. >> basically overwhelmed. i'm not getting any calls back. >> reporter: so we enlisted the help of linkedin career expert andrew mccaskill who had the chance to review some of her most pressing questions. >> i would love to know if there is anything else that i could do to get my foot in the door. >> reporter: cierra is doing so many right things, she has a great picture on her linkedin profile. sh

rebecca jarvis joins us now with more. ning, rebecca. >> reporter: yeah, good morning to you, michael. this is a giant settlement and for those who took on debt, thousands of americans over the last couple of decades, help could be on the way very soon. this morning, thousands of former college students nati nationwide may soon see debt relief. navient, once one of the country's largest student loan servicers facing claims it made predatory loans agreeing to a $1.85 billion settlement. >> these loans as he says were doomed to fail from the start and navient knew it. >> reporter: now, 66,000 borrowers in 38 states and washington, d.c., with private education loans that were started between 2002 and 2014 when navient was a unit of sally mae, will have their balances canceled if the deal is approved by a federal court. these borrowers will primarily include those with low credit scores who had more than seven consecutive months of delinquent payments prior to june 30, 2021. another 350,000 federal student loan borrowers should

here's abc's business correspondent rebecca jarvis. >> what does it mean to be queen of the meta verse it's awesome. i've been called a lot of things in my life but that's one i'm proud of. >> reporter: stars might be blind but paris hilton's eyes are wide open to the tech trend, the meta verse. >> i've prided myself being ahead of my time, into the future. >> reporter: the virtual world where you can go to a concert, visit a shop or a party, without ever leaving your home. >> the meta verse is the next version of the internet, with more realtime, more 3d, and the ability to interact in both physical and digital ways. >> reporter: yes, it's still a lot to wrap your head around. but in the midst of the pandemic, the meta verse exploded in popularity, with young people and gamers especially immersing themselves in digital worlds on platforms like roblox, boasting 50 million daily users across 180 countries who spent hundreds of millions of hours on the platform last year alone. for many brands, the meta verse is big business. you can virtual skateboard to your heart's content in vans wor

podcast called "the dropout," hosted by abc news chief business and economics technology editor rebecca jarvis. ama: big development about covid-19. french scientists report a new variant traced to cameroon. booster shots for kids ages 12 to 15 could be available on thursday. the fda authorized them today. ac/dc advisory panel will consider the issue on wednesday. we are being urged to ditch the cloth masks for surgical models that health officials say are more effective against omicron. doctors say surgical masks like n95's include a filter layer made from plastic that can trap small particles. dan: in the bay area, counties are reporting an increase of cases after the holidays. . that was the fear and expectation. luz pena is part of our vaccine team and spoke with medical experts about what the increase means compared to last winter. she's in the newsroom. reporter: this is a winter surge and the numbers we see reflect the concern medical experts have anticipated for weeks. we are seeing more people get tested, but according to experts, the number of infections could be higher since many ar

for highlights of the trial check out a podcast called the dropout hosted by rebecca jarvis. listen wherever you stream podcasts. dan: let's move on to the pandemic and the big changes the fda made to expand booster shots today. it authorized boosters for kids 12-15. it could start as soon as thursday. the fda says instead of six months, now you only have to wait five months after your second dose to get that booster. the changes apply to pfizer shots. schoolschoolschoolschool overwhelmed by the number of families wanting covid testing. >> public school districts had recommended, not mandated, that students get tested right before coming back to school. part of the strategy to avoid closing schools is testing. many school districts were a bit surprised to see that parents took those recommendations very seriously. >> four schools were testing sites today. they were up and running by 8:00 this morning. yesterday many parents refuse to wait after seeing the long lines for testing offered at fremont high school. >> we been waiting for a couple of hours just to get a covid test.

want to go back to rebecca jarvis. good morning, rebecca. >> reporter: good morning, george.r her supposedly revolutionary blood testing technology now found guilty of those four counts of criminal fraud. after seven days of deliberations, the jury of eight men and four women deadlocked on three of the charges. the government will have an opportunity to retry holmes on those three charges if it so chooses. yesterday holmes left the court with her family in tow and she will be sentenced in the coming weeks. each of the charges on which she was found guilty faces a maximum sentence of up to 20 years in prison and all the legal experts we've spoken to say, michael, she will almost certainly face years behind bars. michael? >> all right, rebecca. thank you so much. >>> now to the latest on the fight against the new covid surge. the u.s. breaking a 24-hour record of new cases reported. let's go back to trevor ault with more on that and what's next for young teens and boosters. good morning again, trevor. >> reporter: good morning, again, michael. this new record is one we would ha

abc's chief business correspondent, rebecca jarvis, describes the scam that is really taking hold. common are these investment scams, particularly those that involve cryptocurrencies. scammers will promote both -- bogus investment opportunities -- send us money, usually crypto, we can generate huge returns. americans lost money last year on bogus investment schemes. reggie: and tech savvy 18 to 39-year-olds were twice as likely as older adults to be taken by the scams. you can see rebecca's full report, coming up on gma at 7:00. kumasi: governor newsom paid a visit to the bay area, highlighting his does -- his budget proposals that would curb greenhouse gases. he got a look at the automaker's new generation of electric vehicles. his budget blueprint includes $10 billion to support clean cars, trucks and buses that are more affordable. >> it's time to move forward with an oil free future in california. we see that bright light in california, and we just have to make sure we ignited for the rest of the country. kumasi: newsom also includes funds to expand access to zero missions vehic

rebecca jarvis has the story and tips for how you can get started too. he case for california mom amanda courtney. >> i fully believed that i would be in my 50s if ever paying off my student loans from when i was 18 and 19 years old. >> reporter: after accumulating $72,000 in debt she decided to level up her finances. >> i started living on a budget and i focused first on my credit card debt and just any extra penny i had, i threw at it. >> reporter: now that she's debt-free she's sharing her three steps to financial freedom. step one, bring out the bills. >> pull out all of your bills, all of your financial responsibilities, and also pull out your paycheck so you can really look at where you are. >> reporter: step two, build an honest budget. >> some people love to get their hair done or get their nails done and if that's important to you, build it into your budget to where you're not feeling so confined that you're not able to stick to it. >> reporter: step three, plan it out. >> make a plan for your money that honors you. there are so many companies an

our chief business correspondent, rebecca jarvis is on gma to explain one scam that is really taking common are investment scams, particularly those that involve cryptocurrency, they have seen a big surge. scammers will promote bogus investment opportunities. send us money and often crypto -- often crypto and we can guarantee huge returns. kumasi: that is terrible. here's something surprising. the ftc finds that tech savvy 18 to 39-year-olds were twice as likely as older adults to report being taken advantage of by these scams. you can watch her full report coming up on gma at 7:00. reggie: there is no question how the pandemic change the way we work and a california congressman change legislation that would salsh -- slash the standard work week to 32 hours over four days. andrea: this morning to push for a four day work week, the california congressman has introduced legislation that would reduce the 40 hour 9-to-5 to 32 hours. >> what i am really aiming for is a new norm where people actually have a livable wage with less days of the week that they have to use to earn it. andrea: t

it is hosted by rebecca jarvis. kumasi: these king tides are reason behind a local coastal flood advisor he. the king tides -- flood advisory. the king tides come when the sun, moon, and earth are aligned. king tides typically flood low-lying streets in the north bay. stwanoti teusngcrs streets in the valley.this was taken just f highway 101 at the shoreline highway exit. we are tracking th tracking th h drew: high tide in this a.m. and it will be at roughly over seven feet. we expect minor coastal flooding in low-lying areas. for the past 12 hours p next-door beginning to move on shore across northern california . the bulk of the moisture will stay well north of us. there you can see it rain and snow from seattle to portland. we will get wet weather or the increased cloud cover has helped temperatures stay warmer than ever. the 24-hour temperature change, 14 degrees warmer in the city and 18 degrees warmer in the north bay. not nearly as chilly as last night. here is the storm impact scale of one, light showers, le

our chief business correspondent rebecca jarvis is on wall street with the very latest for us. od morning, rebecca. >> reporter: good morning to you, michael, and that crucial decision is coming from the federal reserve. traders here on wall street believe that the fed will signal that interest rate hikes are on the horizon in order to cool this inflation, in order to make prices more manageable for consumers. everything from the grocery store to the gas station, even addressing those chip shorges on some level, but there's a flip side to interest rates going higher. it means borrowing becomes more expensive, the economy can slow and it can make owning stocks, buying new stocks for investors less attractive. now, what we've seen so far this year in stocks is a very volatile roller-coaster ride, the s&p 500, which is the thing that's in most 401(k) retirement savings accounts, is down 9% so far this year, but perspective is so important when you're talking about the markets. if you look back over the last 12 months, even accounting for what's happened here, the stock market is st

so many questions but our chief business correspondent rebecca jarvis joins us to help us sort throughense of the metaverse where you can buy virtual things and have virtual experiences. and now mainstream brands like ralph lauren, nike and walmart are jumping in. it's the emerging industry of virtual worlds known as the metaverse and this morning, it looks like walmart may soon be diving in. several trademarks filed by the retail giant last year revealing potential plans to sell virtual goods including electronics, home decor, toys and furniture, provide a virtual currency and even offer customers the opportunity to buy and sell nfts. walmart telling abc news they're continuously exploring how emerging technologies may shape future shopping experiences. >> we've been doing physical commerce where we go to a physical store to buy a physical item, right, and with the internet and social media that changed into, you know -- that evolved into e-commerce. there are new models evolving, virtual to virtual commerce. you buy a virtual item using virtual currency. >> reporter: iconic fashion l

into the case and highlights from the trial you can check a podcast called dropout hosted by rebecca jarvis. a new episode about the verdict will be released later today and you can listen to that wherever you stream podcasts. reggie: they pushed to state of emergency in the tenderloin is going to the board of supervisors. it is going to support the declaration to address the overdose epidemic in the neighborhood. now the board will consider holding another hearing on that declaration. there is a possibility that the super driver -- supervisors could withdraw their support. they want to have a treatment center and crack -- and more please. kumasi: the fda has authorized booster shots for 12 to 15-year-olds who have been fully vaccinated for five months. that is about 5 million kids who can get a third shot. jobina: the rapid increase in covid cases made it clear that the benefits outweigh the risks. the agency is recommending everyone 12 and older originally vaccinated with pfizer get their booster after five months instead of six. the cdc has to sign off on the expanded eligibility but tha

treasury officials saying it's going to be frustrating due to the pandemic and in our next hour, rebecca jarvisnd isn't delayed with two weeks to go until filing season. >>> a lot more ahead including the mvp, georgia quarterback stetson bennett. he's going to join us live. that is coming up, george. >>> right now we have new details on the death of bob saget. he was found dead in a florida hotel room over the weekend. t.j. holmes has the latest. good morning, t.j. >> good morning, george. in one of his final interviews he said, if you're making people laugh, you're doing something great for people and that's why i'm doing it. bob saget was out there on tour. he actually just started a tour. he had some 30 tour dates scheduled that would take him from washington state, florida, hawaii, iowa, new york, arizona, but he only got to do two shows. >> girls, gather around. it's time for a family meeting. >> reporter: he's being remembered as america's dad. >> hello, super dad. oh, yeah, hi, becky. you know what, i really don't need your housekeeper. this single parent stuff is a piece of cake. >> rep

our chief business correspondent rebecca jarvis joins us with more. orning, rebecca. >> reporter: hey, michael, good morning, and we've seen prices climbing from the grocery store to the gas station, to rents, and now there are signs that the cost of some of your favorite foods and household staples are heading even higher this spring. kraft heinz alerting customers it will raise prices in march on dozens of popular products including certain packages of velveeta cheese by 6.6%, hot dogs and cold cuts up 10%, oscar mayer turkey bacon up 30% and the maker of maxwell house indicating coffee prices could rise as much as 5%. we have seen this across the food industry, unprecedented ingredient, labor and transportation shortages coupled with surging demand have been driving prices higher. the company says the price increases are not a sweeping action across all its products and instead applies specifically to products experiencing the greatest cost pressures and just yesterday we heard this from the fed. they signaled that they're on the verge of addressing

rebecca jarvis has the information you need to know. good morning, rebecca. >> reporter: hi, amy.d here's how you do it. as the new year kicks into high gear, many americans are toting new gadgets and now is the perfect time to take stock in technology you're not even using selling old phones, computers, tablets, dvds, video games could help you pocket some cash and dash some debt from the holidays. according to experts the average household has $264 worth of unwanted tech. that's about $33 billion worth in all. additionally 58% of americans keep up to three unused cell phones. >> some of the more popular tech items are things like mobile phones and accessories, we're seeing computers, video games and video game consoles extremely popular especially given the global chip shortage and home entertainment. big screen tvs, sound bars. >> reporter: decluttr can help you sell your tech for cold, hard cash. >> do your homework. see how much they're offering. often simple process, type in the make and model of your phone, for example, the condition it's in and immediately they may give yo

our chief business correspondent rebecca jarvis has more on how this works and what to do if you end reporter: good morning, cecilia, and the fbi says the number of extortion scams almost doubled between 2019 and 2020 but this morning, there's a new twist that's making these schemes even more difficult to spot. it all began with a simple phone call lesley mumford said she received at work. she said the caller i.d. said it was her mom. >> when i picked it up i heard a woman in distress crying and a man came on the phone real deep voice and he said, do you hear that? she needs your help. >> reporter: she says the voice quickly becomes threatening. he demands money and says if she contacts the police, he'd kill her mother. >> he said i swear on my baby's life if you don't do everything i tell you, i'm going to kill your mom and then i'm going to kill myself. >> reporter: lesley says she transfers a total of $900 to the caller's account. >> he says god bless you and it went silent so i'm sitting there going, mom, hello, mom, mom, hello. then it hung up. immediately i called my mom and sh

our chief economics correspondent rebecca jarvis is live on wall street. ng, rebecca. >> reporter: good morning, to you, michael. this is the kind of vole tallty we see in the stock market. the last time we saw the dow down a thousand points on the day only to claw back 100 points higher was in the midst of the pandemic, march 2020. tech stocks were hard hit. hardest hit since 2008 when we were in the throes of the financial crisis, the background is the inflation. we've seen prices rising at the grocery store, the gas station, the auto dealership and the fed is expected to work on that, tamp down that inflation by hiking interest rates. that will mean that the cost of borrowing goes up. it gets all expensive. the overall economy and try to cool things off so that prices don't get so out of hand that them.cans can no longer afford the problem there is that can have the ripple effect on stocks. last year the market was up 27%, this year we're down about 8%, so that 401(k) that you started setting aside over a year ago, up last year, down a bit this year, but

. >> the drop out is amazing by rebecca jarvis. >> yes, incredible. >> how she did that, that's a goode is how it worked. you are supposed to take a small jab of your finger and her machine will be able to analyze up to a hundred different things and you may get a bigger vile of blood verses one drop. it did not work. you may not know as well that was at one point they actually faked an office zrp they brought investors in and they have a fake laugh that created. they bought asthma sheen that worked. a normal one that the hospital would use. they would put the blood op their machine and run the results on the real machine where nobody can see it and come out with the results that look, they worked. >> it did produce some results. the results would often be so wrong, you could have cancer and told you did not. these are life and death things. they were drawing powerful people sucked in theranos' web and ended up losing millions of dollars. >> elizabeth home charmed her way into a $10 billion market cap. >> danny, as you look at the charges convicted on four counts and four others found