. >>> plus, we have the big money movers and a buyers market for redfin. >>> we also layout the numbers when microsoft and alphabet are set to report today. we have a very busy hour when "worldwide exchange" returns. ne. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. >>> welcome back to "worldwide exchange." it looks like the dow would open up 90 points higher. nasdaq and s&p up .50%. let's see how the european trading day is shaping up with joumanna bercetche. >> frank, good morning. it has been a choppy session and we're only a couple hours in. we were down early on. now we have green coming through. the outperforming market is the french market. cac 40 up .40%. we heard from hermes which beat expectations and pulling up the luxury sector with

. >> and another jaw dropping figure for from redfin, the yearly income will need to make to afford the median home in san francisco or san jose, now reached $400,000. in san jose, scott budman, nbc bay area news. >> scott, we're at 8%. any signs, any insight this is going to come down? >> it's not likely. think about it. interest rates are still being fought by the fed. their big weapon is to raise them to try to beat back inflation. inflation is still with us. it is likely interest rates will go higher tend of this year or even into next year as interest rates have gone up, so have mortgage rates. we could see 8.5%, maybe 9% before we dip back down. again, our prices affect the bay area more than anywhere else. >> all right. that is a hard pill to swallow for sure. >> thank you, scott. thanks for the bad news. >> reality right now. can you get all the housing reality news in the bay area. we have a newsletter called housing deconstructed. you can sign up for it. you'll get the latest edition every week to your e-mail. go to nbcbayarea.com/newsletter. >> this is going to cost you. are

a new report by the real estate listing site redfin found people looking to buy a home in the bay area should impact to spend an average of $10,000 a month on mortgage payments. a household needs to make at least $400,000 a year to afford a median-priced home in the san francisco area which is hovering around $1.5 million. our jose martinez met a first-time homebuyer in daly city who is struggling to find something she can afford. >> reporter: i'm here in daly city where as you can see behind me, homes are for sale. there is a family across the street who wants to buy it, but mortgage rates are making it impossible. many residents in the bay area like margarita are facing an uphill battle to secure their dream homes. she tells me, "my big dream is to buy a house, but unfortunately opportunities are becoming increasingly limited." margarita is a single mother and has been renting this daly city apartment for almost 17 years since she moved here from nicaragua. she wants to buy a house in this part of town where her son goes to school, but increasing mortgage rates make it almost impossi

according to redfin, that $10,000 figure is now the typical monthly mortgage payment in both san franciscoan jose. and yes, you can blame the housing crisis that is sky high mortgage rates. >> because they have 2 1/2, 2.75, 3% interest rates and when you compare it to eight, that is more than double. and it is more than doubling their payment. >> here is the other jaw- dropping number, residents say prices have raised so high the annual household income you need to afford just a median priced home here in the bay area is 400 k. >> so pretty much no one is moving. >> basically. >> back in a moment to show yo apologize >>> without the giants, certainly not as much fun but the show goes on in the baseball playoffs. we is much more fun with the giants. tonight, the astros beat the rangers, that series is tied at two, and the diamondbacks beat the phillies, but the phillies lead that series 2-1. sharks hockey now, >>> sink into the tank, sharks and bruins, that is a legend, patrick marlow in the house, he is now a special adviser to the sharks general manager. he is part

this is coming from redfin. it also says in order to afford a home in san francisco, you need to make at least 400 grand a year. the typical home in the city going for about $1.5 million. these numbers are based on buyers making a 20% down payment, and devoting a third of their income to housing. >>> also tonight, anchor brewing, well, we know the company is gone. the legendary san francisco brewer shut down over the summer. anchor is thought to be the first ever craft brewery in the country, and that's gotten the attention of the smithsonian. the curator of the smithsonian's american history museum sprang into action. she brought a team out here to san francisco to collect artifacts from anchor brewing before it closed down, and some of those artifacts are now on display at the smithsonian. our audrey asistio spoke to the curator. >> its history is so important to what the industry look likes today. when fritz maytag purchased the historic brewery in 1965, he revitalized it and made into it the first example of

according to redfin, that $10,000 figure is now the typical monthly mortgage payment in both san francisco and san jose. >> because they have 2.5%, 2.75%, 3% interest rate, and when you compare it to 8%, that's more than double, and it's more than doubling their payment. >> joining us now is business and tech reporter scott budman. talk about sticker shock, $10,000. i mean who can actually afford to pay that? it's a lot. >> yeah. you know, real estate agents tell me this is largely and has been for years and years here in the bay area, largely people cashing in tech stock options. there will always be people who have enough money to buy these homes, but as you just heard, realtors are having trouble getting people to sell their homes because the mortgage they're currently paying is somewhere around 2.5% or 3%, and anywhere they'd go, even if they leave california, their mortgage rate would all of a sudden be 8%. so there's a lot of nervousness paralyzing the housing market. >> it's really impacting people looking to buy, also people looking to sell. why do mortgage rates just keep rising?

and according to a recent redfin report, the household would have to make at least $400,000 in order to for median priced home in san francisco. >> still to come here on kron, 4 news at 5 local pilot has been arrested for trying to crash a plane. what his neighbors have to say about pretty wild. and the latest on the war with israel and hamas said the u.s. is trying delay a ground invasion in order to get more aid to gaza's civilians. plus, governor newsom is in china who he spoke w is it possible my network could take my business to the next level? it is with comcast business. powering all your devices with gig-speed wifi. and you get fast downloads and uploads. pick it up! pick it up! oh we got this! because it's powered by the next generation 10g network. more speed for your business? it's not just possible. it's happening. get started for $59.99 a month for 12 months. plus, ask how to get an $800 prepaid card with a qualifying internet bundle. comcast business, powering possibilities. ( ♪♪ ) welcome to big tobacco's fantasyland. the industry's idea of a healthier tomorrow. where

according to redfin, that $10,000 figure is now the typical monthly mortgage payment in both san francisco yes, you can blame the housing crisis that is sky high mortgage rates. >> because they have 2 1/2, 2.75, 3% interest rates and when you compare it to eight, that is more than double. and it is more than doubling their payment. >> here is the other jaw- dropping number, residents say prices have raised so high the annual household income you need to afford just a median priced home here in the bay area is 400 k. >> so pretty much no one is moving. >> basically. >> basically. >> back in a moment to show you how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪

now analysts with redfin say another thing driving up prices is the lack of homes on the market.of that is because people who have low interest rates don't want to sell and they have to get and have to get a new loan with that higher interest rate. our time now for 25. the biden administration says the manufacturers have all ten prescription drugs. select for medicare's first price. negotiate nations have agreed to participate. now, the drugs include the blood thinner eliquis and the diabetes treatment. jardiance both are prescribed to millions of people, and co-pays can cost hundreds of dollars. the announcement means negotiations can begin. it's still not clear how much the prices could change. the negotiated prices for the first ten drugs will take effect in 2026. well, our time is 425 and superstar taylor swift's era tour movie, it's already breaking records. it's not even in the theaters yet. yeah. cinemark says ticket sales for the movie are more than ten times higher than any movie presale it has ever had. amc has also announced the movie is breaking presale records with $

sometimes perches are caught well, roach, redfin, here.ce is trampled, not only i fish here, ivanovites come here, a lot of people from ivanov from pinsk, the place is street, it’s usually early spring, now it’s cool leaves, mostly small things are caught, and even then there are some perches that are very good, so here i sometimes like to just sit with myself. they take a notebook, sometimes, immediately a fresh story appears, topics appear, for example, minks often run around here, sometimes they steal fish from fishermen, right from the bucket into the open one, the fisherman sits, the bucket stands 2 meters from him, the mink runs up, chooses as and most importantly as possible he takes more, he doesn’t want a small one, so this is such a fishing place and popular among fishermen, usually on saturday and sunday there is a whole... there’s a line of cars, there’s a path behind damba on damba, and it’s quite crowded and fun, everyone’s happy, everyone’s catching fish, i’m actually such a person, even if i’m sporty, but i don’t have that

cheryl: and you are the members, and redfin and rehabbing, you're not alone are, major names that arechange at nar. nar count have its members, it doesn't have nar. anyway, jason haber, great to see you. >> you too. hopefully i'll see you in the studio. cheryl: yeah, yeah, come and visit us. >>> well, fox business followed families that saved and scrimped to build, buy that american dream home, but all of those stories are now profiled on my show, "american dream home." all episodes streaming right now on fox nation. >>> it's called the taylor swift effect. helping one stock shake it off. i was going to sing but i chickened out. that's on a day when the markets are fluctuating. find out which ones when we come back. taking a look at your markets -- [laughter] i don't know what to say, what the heck? dow up 360. nasdaq up 227. you just never know. ♪ ♪ (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others

analysts with redfin say the lower number of homes for sale is also driving up prices.rate mortgages do not want to sell right now because they would have to pay a higher rate for a new loan. but for the san jose bart extension and it comes at a higher cost. the announcement today and when it'e life of senator dianne feinstein as she lies in state at san francisco city hall. how the city is preparing to honor her again tomorrow in a public memorial service is how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ francisco city hall paying their respects to the late senator as she lies in state there in the rotunda. the opportunity is open until

and actually, you purchase a home according to redfin, some of the most expensive housing markets ine us include san diego, denver, miami and new york city. so this is a 1929 bungalow, three beds, two baths. john mcvicker is moving to denver from washington state and says it's been a very different shopping experience from when she bought her first home in 2020. you know, a house would come up and then the offer review date would be like two days later. so you'd have to get in quickly, put in your offer quickly because the interest rates were so low. 30 year fixed mortgage rates have hit their highest level in more than two decades, according to freddie mac. the average rate is approaching 8% this month. well above the pre-pandemic average of 3.9. experts say there are ways around the price increase and buyer demand tends to ease in the winter. it's worth talking to your lender and seeing what, if any, adjustments you can make to your credit score or your your financial situation or even the type of loan that you're taking on. in fact, the sellers who are still on the market at this

analysts with redfin say the low number of homes for sale is also driving up prices.te mortgages don't want to sell right now because they would have to pay a higher rate for a new loan. even elon musk remains the richest person in the united states. forbes magazine released its annual list of the 400 wealthiest americans as the owner of tesla and spacex held on to the top spot with a net worth of a quarter trillion dollars. he is followed by jeff bezos of amazon at $161 billion. many on the list are linked to the bay area and the tech sector, including larry ellison of oracle, which used to be headquartered in redwood shores. he's worth $158 billion. larry page of google is fifth on the list at $114 billion, just ahead of his google partner, sergey brin. and facebook ceo mark zuckerberg. and the cheesecake cheesecake factory restaurant may be helping malls across the country. a new report from moody's found that cheesecake factory's could be an indicator of a shopping center's financial health. now, moody's analytics reports 90% of malls that have a cheesecake factor