jump in with confidence with the suntrust smartguide mortgage application.isit onup.com or speak to the suntrust team to help buy or remodel your home. suntrust confidence starts here. >>> you're watching "news 4 today." 6:24 right now. it's probably not surprising to hear a dog ist living a firehouse in fairfax county. but the dog is not a dalmatian ruriding along in fireks to danger. he is a different kind of dog. easy to see wally loves making people feel good. he lives dog's life. fetches a ball. answers commands. this 2-year-old goldendoodle has a special job, certified canine e erapy. he is believed to e first therapy dog that lives full-time at a firehouse. he has a personalized crate in h family room. r. this is my spot, the foam roller on the fl now, wally is an addition. >> reporter: wally comforts paul stella. >> i like it. i'm a dog person. i enjoy it to get outside. destress for a minute, take him on a walk. >> reporter: it's been nearly a year and wally is all settled around the firehouse. when engine 32 jumps in gear and into action, wally wai

visit onup.com or speak to e suntrust team r to help buy emodel your home. id suntrust confce startscome guys! hi!ve you are gonn the neighborhood! it's totally wired for fios.go is that a od thing? good? fibeamoptics can move craznts of data at even crazier speeds. and fios is a 100% fiber-optic network, so you can stream, game, and watch 4k shows all at once. kid's right about that! see! we are gonna have so much fun here. .100% fiber-optic network 100% phenomenal. get the fastest speeds available for the best price with the fios gigabit connection. ep (sound of foots) (sndf car door opening) (sound of engine startin >> ♪ >> welcome back. we're here in the studio tied down to the desk. >> right. >> a lot of crew is out and about abo an azi p trip in winchester. we're talking about aie, be out there.ker, they'll all please stick with u ifou're in that area or even if you want a little did you trip go on and drive oom,re cw.e welcome back to5th and traffic just like always on the 5s at 6:35. >>> we begin at 6:3 with breaking news from the district. unfortunately got to tell you about

jump in with confidence with the suntrust smartgtide mortgage applica. om visit on or speak to the suntrustel your home. suntrust confidence starts here. to get a s we good night's sleep... havertys mattress sale here to help. with our wide selection of top brands and our price match guarane you can find the perfect mattress for everyone in the family.t now get a free box spring when you pfochase a serta icom or icomfort hybrid mattress. it's time everyone got a good night's sleep. li havertys. looks good ♪ ♪ >>> 6:40 and back through on is july 4th with what is trendingrn wednesday mog, an arizona womanrs facing t-degree murder charges after shooting and killing her own son because he s about put her in aursing home. police say 92ear-old anna blessing confronts her son holding two pistols hon monday, thend turne the son on the girlfriend, the girlfriend was able to knock the guns out o the woman's hands and call 911 not befor thetragedy. >>> one of the doings that portrayed duke in commercials for bushesaked beans passed h away. the dad been battle an aggressive form of cancer. he lived ne

jump in with confidence visit onup.com or speak to the suntrust team with the suntrust smar mortdetguigadence starts here. ♪ o.>> burberry the brand known for luxury fashion is being scorned for destroying around $37 million worth of goods over the last year. >> what. e goods were termed as "excessive sto" and they were burned through special haincinerators that ess the energy of the process and stockholders were wen't offered to the investors. private e practice ofoc destroying overstitems. $37 million worth of items. >> i never knew that. >> i w accident happened it up ascoopet >> whyend it to an prtlet or sell it at ahoh sel lr ms t ople w have at arice >> private investors thought we should get that.dd it what's going on there. >> hi, gary. >> what's going on. >> how are you. >> good. so, rain, rain, rain. we>> yeah. >> and e talking all week, not just this weekend. a yeah, there's going to be chance of rain on and off all week btt oaunse thifhat t we'reo the seven day period. be >> okay. >> unless something changes w e can't see now, but with this area of pressure coming up the coas

jump in with confidence with the suntrust smartguide mortgage application.isit onup.cor speak m to help buy or remodel your home. suntrust confidence starts here. >>> you'rching "news 4 today." >> i tried to tapp to him. he s at me. i don't know what his deal is. >> can you imagine being stuck behind thi this takes it to a whole other level. a florida sheriff's deputy had some fun when the tortould not give him the right of way. he claims he was going one mile an hour. he followed the tortoise for 20 minutes before it turned off into the woods. >> he did speed up. >>> a group of volteers with green thumbs trying to give back to our national heroes the best way they know how. the landscape professionals helping out at arlington cemetery. doing whatever was needed there, from taken ce of irrigation systems to keeping the grass healthy and building where they need to. many took on the opportunity to pass on the message of service to the next generation. >> it makes you feel good. makes you feel like one country is going in the right direction. >> this is the 22

visit onup.com mor speak to the suntrust to help buy or remodel your home. st su confidence starts here. >>> at 5: july 4th frenzy from to penalize security preparations to fireworks fety, live with what you need to kn ahead of the celebration kickoff in the capital. >>> and holiday heat wave. hotemperaturesontinuing to up angr undernd t mirheye they weround alive after being trap more than a week. >> there's almost 0 visibility. >>>ta news ss now. >>> the heat is not letting up. if you been outside, you already know that. felt like we hit triple digits once again >> and we're smack dab in the middle of a holiday heat wave, an excessive heat warning is in effect. and the question when wile feel relief? let's start things off with gary mcgrady for the latest on the ur tempes, gary? >>> a lot of relief for the nekend and thee'll taper this heat off as we head towards big deal today as yesterday and the day before that, the humidity, we're not the only ones suffering, look how math reale the light orange here, t lighter orange is a he advisory. the darker orange is the excessive heat warni

jump in with confidence with the suntrust smartguide mortgage application.isit onup.com or speak to the surust team to help buy or remodel your home. ta suntrust confidences here. >>> you're watching "news 4 today." >> welcome back it's 6:15. major league baseball all-star events officially start in d.c. today. >> that's right. just a few hours, the convention center will open itsoors for fanfest. this is like the largest interactive baseball theme park in the world. i mollette gre live with a sneak peek of what's going on. y, molette. >> we went from the battingo practice the live auction setting where people can come down here and have their baseball memorabiliaappraised. i'm here with david hunt of hunt auctions with little leaguers surrounding him and great things on the table. talk about the appraisal part of fanfest. >> anybody coming down to fanfest, you have to payn admissioo come in, but we have experts to tell you if it's authentic monday through tuesday. >> show us. >> walter johnson fromhe senators. babe ruth. you heard of babe ruth? >> yeah. >>

visit onup.com or speak to the suntrust team to help buy or remodel your home.nfidence starts here. >> ♪ >> hey, welcome back to fox5 mornxc alwin e owen a'r friday because that means it is zip trip day and yrelo aingir in woodbridge virginia. that's where we areti highng today and we are getting ready to kick thingsf of in about 45 minutes or so. b tucker we there first and then tony and i will join him. we'll be there aroundcl ock. lots of fun things planned and what a beautiful space. come on down, join us. we'd love for you t spend a little friday time with us. >> let's go ahead right now 5:14 take a look at our top f stories on triday morning. police need your help findingel a woman theyieve was abducted earlier this week. 39-year-old bella malachi gamboa was last seen sunday rginia beach.he area of she's now being considered a virginia state polic who by believe she could be in dange danger. >> scott pruitt's resignation as head the epa takes effectte today. pruitt yesay sent a letter to president trump saying the scrutiny over hised alleg misuse of federa

jump in with confidence th the suntrust smartgui mo.nup.com or speak to the suntrust team tosuntrusty confidence starts here. ♪ ♪ ♪ raindrops on roses and whiskers on kittens ♪ ♪ bright copper kettles and warm woolen mittens ♪ ♪ brown paper packages tied up with strings ♪ these are a few of my favorite things ♪ ♪ ♪ these are a few of my favorite things ♪ hithat's fine, i'm not, really wild about people.. oh hey, monday! ugh. but lately, they've been dragging me to places that are way too much fu look at this place, like people are winning and laughing. and doing that. i... no. it's five in the afternoon, for pete's sake. nday! up top! no! what's wrong with you? does your business internet provider promi a lot? let's see who delivers more. comcast business gives you gig-speed in more places. the others don't. we offer up to 6 hours of 4g wireless network backup. everyone else, no way. we let calls from any of your devices come from your businesnumber. them, not so much. we let you keep an eye on your business from anywhere. the others? n

jump in with confidence with the suntrust smartguide mortgage application. onup.com or speak to the suntrust team to help buy or remodel your home. >>> you're watching "news4 toda .oday". >>> welcome ba it's 6:39. vacation rentals found on websites such as aiyonb. >> how dknow that what you see online is what you're going to get? >> consumer reporter susan hogan working for youe to h a worry-free vacation. >> consumer reports recommends that all rentals have working fire safety products. but a 2018 study found only 56% of airbnb listings had kroigs books carbon monoxide detectors. there's a web page dedicated to home safety which states a encourage everbnb host to install working smoke and c.o. detectors in their listing and to check them frequently. t theser reports says t are only suggestions, which is why you have to take a more proactive approach. >> vacation rentals are notla red in the same way as hotels which means you really want to rea out to your host before you book. >> consumer reports recommends asking these five questions. do they have working

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jump in with confidenc mi with the suntrust smartguide mortgage application.youly feels ready to take on anything. visit onup.com or speak to the suntst team to help buy or remodel your home. s suntrust confidence shere. woodbridge. the rest of the crew will b along shortly. right now the show i all yours, tuck. good mndning. >> allis steve, steve, don't leave you got to check this out.i'm in the alamo draft. this place is awesome. kev would lo it here. just opened lastll month. service restaurant you cinema, they have specials not only with food and drinks but wi they run all kinds of oldes . doesn't that remind you a little bit of me right there. >> little bit tuck, yeah. >> i thought. >> remember when you were young. i think you might see the simirity there. you see the bigger look. it's an absoluty beautiful cinema. there's a full restaant around the corner. i think kevin will have toe come out a theater. let's do some weather. looking at looking at a wm and d start. we have a coolerir mass moving in. 81 in annapolis. 77 leonardtown. and you got low 70's o

cni was strong for suntrust. expense management was fan tas ic i like regions and the regional banks. >> i'm old enough to remember people coming on the air saying regional banks were toxic waste. they vastly outperformed the xlf in many cases. what's great about suntrust is the price action is confirming the fundamentals sochlt if you're a trader or momentum player, that's what you're looking for. you don't want to just buy a good story and wait for the market to come around and afwree thatgree if you look at the a ratio chart, sti versus xlf, you see massive outperformance multiyear highs. not just 52-week highs >> it's been cut by one quarter. since their highs in 2017. it's like last week, we saw inflows into the regional banks, about $900 million into the index for the first time after seeing lots of outflows. the other thing to keep in mind is these regional banks aa aal e trading at a large cap they've traded a premium we've seen a lot of negative sentiment beating up on these guys because of the yield cur

analysts at suntrust also pointed out that only two of broadcom's last five acquisitions were semiconductores and one worked with enterprise storage. for nightly business report, i'm aditi roy, san francisco. >> nasdaq closed on a record as tech stocks rallied and the broader market bounced back fro sterday's losses. the dow jones industrial averagd nced 224 points. the nasdaq was up 107 and amazon facebook closed at all-time highs and the s&p 500 gained 24. >>> to the economy now where we learned today that consumer rices rose at their fastest pace in six years in the 12 months ended in june, the consumer-price index increased by 2.9%, the biggest annual gain we've seen since early 2012. month over month, the index edged up by .1% as gas prices mincreaseserated and apparel prices fell and for the second straight month the annual inflation rate offset hourly nftes. >> withtion on the rise we wanted to spend a few minutes on what you should do to inflation-proof your inflation kirtfolio. we've been t about it for a couple of days now and we tackled it last night and chris cordero is the chie

lion's gate was upgraded to buy from hold at suntrust robinson-humphrey. analyst sees potential for the starz network and the price target, however, was lower to $37 from $31 and shares today finished at 2498 up nearly 5%. >> now to the economy where the number of americans filing for unemployment benefits last week fell to the lowest level we've seen in more than 48 years. jobless claims fell by 8,000 to a level sot seence december of 1969. >> meanwhile, the white house ii aim at lowering drug prices. we'll tell you how and what it means for you. ♪ ♪ >>> earlier today, prdz sat down for a one-on-one withcnbc's joe kernen. during the interview mr. trump broke with the tradition of a sitting president not commenting on monetary policy. >> i've put a very good man in the fed and i don't necessarily agree with it because he's t raising inter rates. i must tell you, i don't. i'm not thrilled because, you know, we go up and every time you go up they want to raise rate and i don't really -- i am not happy about it, but at the same time i'm letting them do what t

he was a chart where we see the stock down about 1.7% on a downgrade over suntrust to hold on that recent online scotus ruling that the second quarter will be ok but longer-term could hurt gross suggest -- gross merchandise volume. ebay is down for the were saying about two weeks. shery: no one wants to pay taxes. tliv for that. coming up, president trump has made his pick for the supreme court. now he has to be confirmed. we will ask senator tillis on the judiciary committee about the process. this is bloomberg. ♪ ♪ power.this is pounds of i am david west -- this is bloomberg: balance of power. i david westin. shery: i am shery ahn. joinedrett kavanaugh vice president hands and mitch mcconnell as he made the rounds on capitol hill, holding meetings with senators who support his confirmation. mitch mcconnell says while the expects them up as to grill kavanaugh on his decisions and hypothetical cases, he discourage them from doing so because he says it shows disregard for actual cases and this game for the judicial process. president trump is on his way to europe and says his planned meeti

he is suntrust robinson humphrey director of equity research for digital entertainment and marketing ratings on netflix for the price -- $415. 415 let's start with what went wrong. at least from what i am seeing here. it could be around the fact that they did not have new blockbuster hits. would you agree with that? -- first off, thanks for having me. yeah, that could be a piece of it. in any given quarter, what netflix tends to do is give you their guidances, their internal forecast. thethey report relative to forecast can have to do with the strength of the content into recorder. there could be other extraneous things out there. like the world cup. i think the content latest probably right. dent from the world cup if that is what it was. i am curious about what they need to do moving ahead. happened to the bloomberg terminal, i want to show our viewers the cash burn that netflix has been doing over the course of the past few years. every since late 2014. in 2018, they did commit to $8 billion to try to get new shows or at least new seasons of here. do they need to burn even more? d

but others like suntrust john boris say it sets a precedent for less drug pricing leverage for drug companiese says the roll back prices amount to $150 to $300 million in sales for pfizer. in looking forward, the question is will the president continue calling or calling out drugmakers that have implemented price hikes? if so, next to the cross hairs could be cell gene that raised the price of drugs by 5% according to piper jeffrey, this price has more than doubled in the last decade. and pfizer announced the reorganizing into three internal units, one focusing on older medicines, one on newer drugs and one on consumer health they are evaluating options for the unit since late 2017 and they expect to do so with the decision coming in 2019. >>> and stocks are ending a six-day winning streak the sell-off comes as the u.s. prepares to slap tariffs on another $200 billion worth of chinese goods as early as the end of august. take a look at the miners, take a look as the losers here. angelo-american is in the red. and bmw is under pressure planning to move some of the production for the suvs overs

you may know, is the home of a couple of these very important regional banks, reagains bank and suntrust bank. the question is, do you envision the end product of this thoughtful and diligent set making process to be a of enhanced regulations to specific banks that is drastically different than those of the global banks. >> i anticipate that we will begin by sandifing then putting out for comment a frame work that we'll use to assess financial stability and safety and soundness risks of those institutions from 250 down to $100 billion. and then we'll take comment on that, and then we'll go ahead and move forward with a framework. i anticipate that many of the factors that are used to identify this will be used in this context as well. we're still working on exactly how to think about it. we have great flexibility under the law, which we appreciate, and we'll be coming forward with something on this pretty quickly, i think. >> do you see any problem areas that these mid-sized banks or regional banks might have to be concerned about, or do you see sort of a clear feel here? >> well, i gues

we are certainly bullish on some of the more mid-cap names like citizens financial or suntrust that haveportunity to raise their dividends. julia: that makes perfect sense. burns mckinney of allianz global investors. you are staying with us. coming up, the ipo market is open for business. we discuss the hot companies set to go public with kathleen smith of renaissance capital. this is bloomberg. ♪ emma: this is bloomberg daybreak. shares of glencore are diving today. they have been subpoenaed by the u.s. justice department to hand over documents related to money laundering and corruption. the investigation has to do with their business in nigeria, the democratic republic of congo and venezuela. theast is not given up fight with disney over buying 21st century fox entertainment assets. the company has considered a possible partnership to compete with disney's $71 billion offer. brian roberts maybe offer -- may be open to buying just some of fox's assets. -- wants to expand in europe's largest economy. terms of the deal weren't disclosed. the commerzbank unit generated about $406 million i

our view is that in particular, for the super regional banks i andr, our topic is suntrust that is primarilyhem being more skewed toward commercial c&i lending, which is a beneficiary of short-term rate hikes, more than the deregulation we discussed. alix: if you were going to look at which bank is most overvalued in the world you cover, what would it be? betsy: we have a couple of underweight, and they are on valuation reasons, but it is not necessarily the valuation is too stressed. i am just not looking for an increase in the multiple, where eyes and most of my -- whereas in most of my coverage i'm looking at an increase in the multiple. i would not say there overvalued . we just will not see the same kind of value appreciation. alix: betsy graseck of morgan stanley, no one else you would rather hear from headed into bank earnings season. i am looking forward to having you back tomorrow, but it was great having you there, lots of great insight into our potential new supreme court justice. david: back to the real world tomorrow, but it has been fun. alix: if you don't know, david does not

regions bank and suntrust. so the question is, do you envision the end product of this thoughtful rulemaking process with this enhanced regulation that is drastically different or the global banks? >> and to identify and put up for comment a framework to assess financial stability with those down to $100 billion then to take comment on that and move forward with the framework to anticipate that many of the factors that are used will be used in this context as well we're looking how to think about that with great flexibility under the law. >> did you see any problem areas that the midsized banks or the regional banks might have to be concerned about? or do you see a clear field? >> i guess i would say we will go ahead do what the law asks us to do it on the lady one should be concerned about that. >> that's a good two. that is very important but we have so many different sizes we have to make sure there is a level playing field for all of them. let me ask you this question. one of your fellow cabinet members was

ebay has been downgraded to a hold at suntrust.recent tax online decision -- on the long-term, that could weigh on ebay. another stock weighing on the nasdaq, shares of health care stock, lower all day long, down 4.7%. this comes on a downgrade at citing a business model shift and the possibility that big tech names could incrementally eat into the company's growth. the same analyst had been positive on quest diagnostics. while the nasdaq maybe year,onally lower, on a it is a different story. averages and the incremental averages very volatile on the year, flipping between gains and losses. now, the nasdaq in white leading the way, up 12%. the russell 2000 and purple right behind it. there in yellow on this trade war -- investors buying that news. it was less bad than some investors were thinking. julie: we will see how it evolves over time. mark: supreme court nominee brett kavanaugh today joined vice president pence and senate majority leader mitch mcconnell as kavanaugh made his rounds on capitol hill. mcconnell says while he ex

ebay downgraded from buy to hold at suntrust.commerce cited >>> another stock to watch this morning. tesla shares moving higher premarket. elon musk headed to china this week chinese media is reporting that the automaker has signed a memorandum of understanding with the chinese government to open a plant in shanghai. phil lebeau joins us with details. this could be a big plant in terms of capacity. zbl >> it could be but there are a fair number of people out saying haven't they announced these plans in the past well, this is different than what they said in the past they have said for some time that they will open a plant in china. and the reason is simple china is the number one for vehicles while tesla has been increasing sales, look at the level of increase here. it has not been a huge surge in sales. and we've been over to china we've seen some of the charging station there is about 14% of the sales last year were in china. the plans for building a factory in china are significant from this standpoint. it will be a place both

in capital return was 16% wells fargo topped the list in terms of increases with regionals like suntrustwhich only received conditional approval managed to increase returns by 10% and 1% respectively all of this should act to support prices however, banks have performed poorly in 2018 for two reasons a flattening yield curve and in the prior 18 months. the other standout aspect particularly since april has been small cap performance over large cap. as for the agenda for the rest of the year, first is the shape of the yield curve earnings starting next friday the 13th of july and that is miscellaneous questions like when will lloyd blankfein hand over the reins at goldman sachs. alongside most of the market just a little bit lower. but not too significant. >> okay. >>> joining us for more on all of this -- you're staying. don't go anywhere. o'neil's equity research principal. good morning >> good morning. >> anything you disagree with there? >> no, no. generally we feel pretty good about the group. there are cross currents on the plus side still raising short-term rates that's probably th

in fact, suntrust banks have ordered a hundred hope sides we're in 40 different banks as well as majormployers. this is what health wellness was a decade ago >> it's not just something they're doing out of the good of their hearts you're creating customers and these customers are worthwhile too. >> but i like they're noble. i prefer this is good business, right? this is not just being a ph.d. this is doing well and doing good a hundred million americans have a blemish and they're locked out. >> why does the law prevent banks from doing it themselves >> because of discrimination because of red lining in the civil rights era, the banks were really discriminating back then. so now they must in response to that take every application that walks in the front door and can't tell you what you know you'll never be approved they know when you walk in this will never work. they can't tell you for fear of being sued they must treat everybody the same we lean in 20 feet from them and say that credit report looks like a bus accident and we can help you fix it. >> is there a problem with how the cre

because goerm georeorgia, as yo know, is home to a couple of these regional banks, regents bank and suntrust bank. the question is, do you envision the end product of this thoughtful and diligent rule-making process to be a set of enhanced preden shaudential regulations that is drastically different than those of the g sichltgsibs or the global banks. i anticipate we'll identify and put out for comment a framework awe'll use to assess financial stability and safety and soundness risks of those institutions from $250 down to $100 billion. then we'll take comment on that and then we'll go ahead and move forward with a framework. i anticipate that many of the factors that are used to identify the sifis will be used in this con text as well. we have great flexibility under the law, which we appreciate. we'll be coming forward with something on this pretty quickly, i think. >> did you see any problem areas that these midsized banks or regional banks might have to it be concerned about, or do you see a sort of clear field here? >> well, i -- i guess i -- i would just say we're going to go ahead an