. >>> and as sunnydale deals with job cuts, scott mcgrew has a little bit of some hiring. >> wells fargo says it has at least 50 good jobs open. these will be in santa clara county. these are tellers and bankers. now, the san francisco-based bank has been quite stable through the economic crisis. employees of about 19,000 people in the bay area alone. so you know what a teller is. as far as a banker, he or she deals with accounts, mortgages. wells fargo on its job opening website considers these to be salespeople. the bank recently announced its customers were saving more money in their accounts, up about 10%. wall street worries a bit when the consumer stops consuming. we do have a society that, for better or for worse, depends on people buying stuff. so a shakier day on stocks tuesday on consumer confidence, but still to the positive, we've had three straight days, or we had three straight days, of triple digit gains. the dow industrial's never seen four triple digits in a row, and it didn't this time. the string remains unbroken. >> we'll wait and see. maybe it will. >> maybe some day

scott mcgrew joins us with more. >> do you know what else it is? michael dell, the founder of dell computer and his company took payments from intel to use only intel chips in dell computers. and that's not illegal. but the securities and exchange commission said the executives at dell then pretended as if those payments were actual sales and misrepresented that income to dell investors. in fact, a major, major part of definitely's profits each quarter were really just intel payouts. the dell company based in texas will pay a staggering $100 million fine. michael dell himself will pay $4 million, though neither mr. dell nor the company admits wrongdoing. they do promise, though, never to do it again. now, intel often pays companies no to do business with a competitor. sunnyvale's vages sunnyvale's microdevices is the biggest competitor. it raises anti-trust issues. indeed intel has been the focus of several government investigations, both here and in europe. but dell investors who thought all this time that this company was doing so well, found out

scott mcgrew says most people have deep concerns. >> you see this in retail sales, in home sales, consumer confidence. lots of people taking a wait and see attitude. and the latest survey finds two-thirds of americans think the economy has several years of recovery before we see anything better. turns out the head of the fed, ben bernanke, agrees with you. stocks sank wednesday after bernanke told congress he expected very slow progress in the economy. but said the fed would not take any new action to speed things up. that sent wall street much slower yesterday. we talked about this before. we used to think of the economic cycle as these ups and downs. these perfect waves. what we are seeing this time is not the recovery we've seen in the past. there may be sort of a new reality to unemployment and pay and the economy. >> oh, yeah. and it hurts a lot of people. it's scary times. thank you very much. 6:04. the family of a drug suspect who died after police shot him with a taser is suing the city of san jose. officers stopped 38-year-old prince swazer iii because they thought he was involved

and yesterday gm announced the pricing for the chevy volt, which scott mcgrew will be talking about. and we'll then take you inside the car and let you see what it looks like. >> sounds good. we look forward to it. electric cars all the rage now, but they might not be as cutt tg edge as we thought. the first electric car was actually invented some time between 1832 and 1839 in scotland. in 1899, a belgian car designer built an electric race car that could go 68 miles per hour. and by the turn of the century, electric cars outsold all other types of cars in america. in 1975, the u.s. postal service ordered a fleet of electric vehicles for a pilot program. the 1992 clean air act amendment let in part to have the electric car boom that we're seeing today, but they've been around for quite some time, 1832. >> that is kind of interesting, when you think about how early we had that technology. >> and later they invented electricity and that helped. >>> another big technological development we've been talking a lot about lately, 3-d tvs and movies. >> it's possible the tv and movie industry

scott mcgrew says there is no tax break to go with that. >> yeah. the new chevy volt will not quality for a state clean car tax credit worth $5,000. this according to "usa today." now, strangely enough, it does still qualify for a federal tax break. chevy does say it's going to work to tweak the car to try to qualify for the state credit. it also points out most people are going to lease the chevy velt, not buy the car outright. >>> our new feature on facebook questions. you can ask a question of your network or answer one. so if you need to say, no, the best restaurant in atlanta chances are your friends or friends of friends know the answer. now, it's not available to everyone yet. i was going to show it to you because when i was at home it was enabled on my account. i came to work and was going to take a picture of it. it's not enabled at work for some strange reason. but it's a formalized question and answer area. obviously you've always been able to type in a question into your facebook status, but this is more of a help your friends out sectio

scott mcgrew is check for the latest in the newsroom. getting confirmation that those attacks were indeed ieds as suspected there were two separate explosions, three american deaths that we hear about this morning. this sadly pushes news a new record. 63 american men and women killed in afghanistan in the month of july that make it is deadliest month on record now ever in america's longest war. 41 soldiers in the nato alliance also died so for this month. we are monitor iing everything, laura with the u.s. military and when we find out more, we will tell you. >>> officials aren't the only ones looking at leaked documents about the afghan war. taliban leaders as well. a taliban spokesman says they are stud dick the 92,000 pages released by the website called wicky los angeles. they will hunt down informants named in the papers, the taliban says. the pentagon asked the fbi to join in its investigation. "the wall street journal" reports investigate verse concrete evidence that army private first class bradley manning leaked the documents to

scott mcgrew joins us with a look at that. >> and that's okay. it really is. and here's why.y of congress can't say what the bill does, even though they're signing off on it. it's a regulatory bill. what the bill is saying, it's setting goals for, say, the fdic, the s.e.c., the new consumer protection agency that you mentioned. it doesn't say how to enforce the goals. it says stop the crisis that we lived through from ever happening again, but it's up to the executive branch in the future to determine how to do that. how to make financial companies and banks and hedge funds more secure. this makes those financial industries crazy, because they simply don't know what to expect. wall street does no what to expect from apple. lots of money. the broader markets will respond to apple's news it made the most money it's ever made in company history. wells fargo and san francisco reporting its profits today as well. so we do expect a solid day on the nasdaq as it opens at 6:30 our time, at least in tech stocks. good news coming out of tech. >> we need something to drive the markets u

we want to check in with scott mcgrew and take a look at some examples of some of the companies here. everybody is trying to find a way to survive in this economy. >> netflix is a good example of changing as the economy changes. los gatos company has gone through several changes in the way it delivers movies. executives said a full 60% of movies watched on netflix now watched online through streaming instead of through the traditional dvd by mail we know netflix to be. the company also said it's concentrating hard on offering lots of tv episodes. you can watch, for instance, the entire nip & tuck series. as a way of better competing with itunes. take a look at this. big controversy in india this morning over this. it's a baliwood comedy about a pakistani tv reporter who fakes an interview with osama bin laden. the osama bin laden fellow is actually a chicken farmer, but the two hatch a plan to fool the network. the big question is, can osama bin laden or even the subject of it, be funny? i mean, the concept, you know, kind of amusing. >> but the idea of -- >> right. and certainly poki

scott mcgrew it puts wall street about where it started the year. >> the s&p 500, laura, exactly wherewas at the start of the year. the return on investment there so far, zero percent. we have been up, we have been up at times. three months ago, stocks were up 9% higher than they are now before the long, slow fallback. couple of things to watch today whether bp's ceo steps down. in fact, bp reports its profits this week, so too does san ramon's chevron. europe finished its bank stress test with generally good news. dow starts at 10,424 after a 100 point gain on friday. nasdaq up about 1%. >> thank you very much, scott. >>> 5:36 now. firefighters are trying to get a wildfire under control near susanville this morning. flames already burned more than 1700 acres and destroyed a home. a strong storm is moving into the area, creating winds of up to 50 miles per hour which are really helping to fan the flames. so far the fire is about 10% contained and officials aren't sure when they expect to have that fire completely under control. but certainly the winds are a factor, not helping out the

i'm scott mcgrew. my first guest is not the richest man in silicon valley though he is rich. the smartest? maybe. he has a degree from harvard and works at google. what we can say for sure is mike cassidy is one of the winningest entrepreneurs in the valley creating and selling companies. i first met mike about ten years ago. he was already a millionaire but working in an office with just one other employee and a dumpy office at that. our photographer lit it with red lights to make it look more interesting than it really was. mike was at the time working on a program he called xfire that helped friends find each other in the growing world of online gaming. >> there are over 90 million people in the world today playing games online. >> he and his partners sold xfire to mtv networks for $110 million. it was his third million dollar deal. he sold his first company for $13 million. his second, a search engine, sold for a half billion dollars to ask.com and xfire 110 million. even his dad told him to quit working but to that he added a stint as a venture capitalist and then starte

scott mcgrew has insider tips on how apple is biting back at critics. >>> it is round two of the war of the smart phone. in just hours apple will try to

scott mcgrew has more. >> a's making a big announcement. catcher kirk suzuki will stay here. four-year contract extension through 2013. a large plot when he is at the plate and behind the plate. a lot of this, too, for what he represents in the clubhouse. >> i'm blessed i came up through such a great organization. they do take care of the young players. they give you a chance. they gave me every chance in the world to be an everyday major league baseball player. i can't be more grateful for that. >> with the contract comes a certain amount of personal responsibility. up to this point kirk has been a model citizen as far as a teammate and guy you want playing for you. >> tonight it's suzuki catching trevor cahill. mark buehrle takes the mound. >> the a's has work to do to climb back into the pennant race. if they need proof it can be done, they need to look in the dugout. it wasn't long ago white sox found themselves looking way up to the top of the al central. chicago was nine games under .500 june 5th. since then they have 11 to 9 game win streaks. a's won seven, but to make

can get your business and tech report before the markets open weekdays on "nbc bay area" with scott mcgrewtarting at 4:30 in the morning. >>> if you think your tattoo will cost you a job opportunity, think again. a new study shows that tattoos are becoming less of an obstacle to finding employment. the report shows that as the number of people with tattoos increases, it becomes more acceptable in the workplace. 45 million americans have at least one tattoo, according to the u.s. food and drug administration. and while only 15% of baby boomers have tattoos, 38% of millennials have some sort of body art, and half say they have two or more tattoos. >>> americans have been buying less clothing over the last few years, because of the economic slump. but sales of swimwear are actually up. and the big surprise, they're up in the men's department. sales of men's trunks are up 20% in the last year. >>> coming up next on the "bay area sunday," drinking and dashing in san francisco. the tea that puts your honesty to the test. >>> and the medical break through that could help asthma sufficienterers st

scott mcgrew is checking for the latest in our newsroom. >> good morning. we are getting word of two separate explosion and three american deaths this morning that sadly pushes news a new record, 63 american men and women killed in afghanistan in the month of july. that's the deadliest month on record now in america's longest war. 41 soldiers in the nato ally died this month. as of the breaking news, we know very little, there have been explosions, we assume they are ied'd and deaths. we will update you, brent. >> thanks for the update there. >>> people looking to get into san jose university may have a chance, administrators are changing a course and now open admissions for the spring of 2011, but students cannot actually enroll unless the state provides enough money. earlier this morning, san jose state says it would not accept spring applications with us because it would not enroll more students than it could educate. the entire state university system is changed now, they will start taking applications effective sunday. the application window closes aug

scott mcgrew is live now in cupertino. scott, you have sources inside. they giving you any indication about what we might hear today? >> reporter: i know what we're not going to hear, brent that is no recall. apple doesn't want you to deposit your iphone 4 in the mail and sending it back to headquarters here. what you will see is an acknowledgement that has this had gotten out of hand. they didn't expect this. some sort of make good. this has happened before. back with the first iphone. they dut price really suddenly and a lot of first adotters fell a little burned. so apple made good. they had an itune card and rebate. i think we will see something similar ability here today. maybe some kind of solution, i'm hearing, in the apple store itself. no matter what does happen here today, you do have to keep this historical per spespective on af this. apple always calling the sort of press conference to talk about what is essentially a flaw in one of their products. we will be comping this throughout the day. we will have live coverage and live blogging on n

. >>> scott mcgrew joins us with details on dell. >> it's a big disappointment for fans of dell. michael dell, founder of dell computer and the company took payments from intel to use only intel chips in dell computers. that's not illegal in any way, shape or form. but the securities and exchange commission said the executives at the computer company then pretended as if those payments were actually sales and misrepresented the income to dell investors. in fact, the s.e.c. says a major part of definitely's profits each quarter weren't really from sales just intel payouts. the company based in texas is going to pay a staggering $100 million fine. michael dell himself will pay $4 million. now, neither mr. dell nor the company admit wrongdoing but they promise never to do it again. intel often pays companies not to do business with a competitor. micro devices the biggest competitor. it raises anti-trust issues and intel has been the focus of several government investigations both here and in europe. about the you cannot lie to investors. you are -- the mom and pop are taking their m