a new law requires ticket resellers like stubhub and ticket sellers that like ticketmaster to report transactions to the irs. so anybody who sold more than $600 worth of ticket could be in for a tax bill in twenty-twenty for the average price for one taylor swift ticket on stubhub was over 1000 tax experts say it's really important to keep your own records on just how much you paid, how much profit you made. wow. >> all right. next on kron, 4 news at 5 bay area county is developing a new task force to address domestic violence after 5 incidents reportedly turned deadly. plus, california's insurance commissioner announces a plan that he says will keep homeowners here in wild fire prone areas that are protected. and is it cal uc berkeley uc be well, there is a bit of an identity crisis going on in these now, school we all know who we're talking about is considering a rebrand about is considering a rebrand its those sto kayaking is my thing. running is awesome. but her moderate to severe eczema would make her skin so uncomfortable. i was always so itchy especially when i was hot. now my

this next story is for you because ticketmaster is placing some new restrictions ahead of her world tour. what you need to know before you buy a ticket. ticketmaster is starting some new restrictions in response to the high demand for olivia rodrigo's upcoming tour. >> fans to score tickets during this week's presale will actually receive them until 72 hours before the event. in addition, the tickets will only be delivered electronically. that means no paper tickets. both moves are meant to keep scalpers from jacking up the prices, although buyers can still sell their tickets for a profit through ticketmaster rodrigo's world tour kicks off in february and she will be stopping by san francisco's chase center. that's on august. second. 2 models of a memory foam mattress by nova form are being recalled. the 8 inch dream away and the 14 inch mattress have been exposed to water during the manufacturing process. and there is the risk of mold growth as a response, both matter says sold exclusively at costco from january through june of this year. so if you have one of those, you should contact

>> that's correct. >> reporter: ticketmaster says they are ramping up support. remains. it's becoming harder to get help from a human >> when company reeseies remove0 number, they're saying we don't want you to call >> reporter: they have robot voices to answer calls and solve simple problems where they k this canadian driver needed his cartowed and an agent dispatched a truck >> we expect a service vehicle to reach you within 39 minutes >> reporter: when i spoke with an agent about scheduling an eye appointment it mostly worked >> should i book that appointment for you? >> reporter: yes, but i'm 6'7" and i have a big head. will your equipment fit hme >> i have successfully booked your appointment >> reporter: so much for the big head, huh? >> we try not to fake being humans i just want to get out of way so the agents are able to deal with more complex issues. >> reporter: aren't we paying one way or another >> we pay a huge amount of administrative fees to them, but yet there's nobody, there are no people to talk to. >> reporter: some customer service systems t

ticketmaster is making changes to how it hands out tickets for the upcoming olivia rodrigo tour. now instead of instant download a fan will not. fans will not be able to access their tickets until 72 hours before their concert. the tickets will also only be available electronically. this move is aimed at cracking down on people who buy up tickets to resell them at an inflated price. ticketmaster sent out a warning yesterday that the demand for her tour was so high there might not be enough tickets to meet that demand. rodrigo will be at the chase center next august. now to an update. fights during last night's 49ers game at levi stadium. one fan has been arrested and could be banned for life along with others after brawling in the bleachers. two fights broke out. this video posted online shows several fans exchanging punches and kicks. the fight lasted several minutes before security stepped in and broke things up. santa clara police arrested one person for assault and battery and check this out. san francisco 49 ers are planning to keep coach kyle shanahan and general manager jo

ticketmaster implementing some changes for people planning to buy. olivia rodrigo tickets. the new policy on when those tickets will be sent to the buyer. plus a very special birthday celebration. how the east bay is honoring a woman known as america's oldest park ranger it's in the area of princess anne drive. it's about two miles southeast of valley fair mall. police say the area is expected to be impacted for several hours . so we can expect this to be the case into the early friday evening commute. drivers only being told to find another way to get around san jose. we're still working to learn exactly what happened and what may have caused the crash. and certainly trying to learn more about the person who was hit and killed. as you know, san jose has been struggling against a number of rising number of pedestrian deaths on its streets. every time we talk to the mayor, every month, we are asking about what the city is doing to help improve pedestrian traffic safety. certainly, this is very high on his and the police department's radar. again, we can see a large number of

. >> ticketmaster's new tactic. the huge change for all change for olivia rodrigo's tour. will it help avoid deja vu after taylor swift fans pay sky-high resale prices? the capacity swift and effective 35,000 new voters registered. taylor is instagram post sparked record breaking numbers. and the mother that belongs on the baseball field with her son. the powerful patch and their reunion on this feel-good fri friday. >> announcer: live in times square, this is "good morning america." >> good morning, america. feel-good friday. thank you for joining us this morning, everybody. we cannot wait to tell you more about the dodgers player and his mom. they had quite a week. very sweet reunion. also and, more on the auto workers on strike. what's at stake. looking at a live picture of them right now. start that with a looming government shutdown. republicans in open rebellion against speaker mccarthy. terry moran tracking it on capitol hill. good morning. >> reporter: a lot of confusion, a lot of frustration on capitol hill and not much getting done and the clock is ticking with j

primero colapsaron ticketmaster, luego otra y ahora la de google, creada para el lanzamiento de un nuevonzar la primera pelota ceremonial en el yankee stadium. increÍble. paulina: hace este lanzamiento de la primera bola con el pie, y asÍ destaca las habilidades de las personas con algÚn tipo de discapacidad. ha visitado 29 estadios. solo le falta el de anaheim. el siguiente es un programa pagado para my biotin, traído a usted por purity products. bienvenidos al show de purity products, yo soy giselle blondet. el día de hoy tenemos un programa espectacular.

we have a person who will be nameless who spent hours mining ticketmaster and buying the tickets and he cleaned up. >> judge jeanine: where is he now is he in jail. >> jesse: he's swill the company >> jessica: he has the 8:00 slot. >> jesse: that's not true >> jessica: not true. one more thing's up next. ♪ >> judge jeanine: it's time now for "one more thing" and i go first. this past weekend i gave a speech at the faith and freedom coalition. their salt and light conference in north carolina. there i am on the stage. i had a great time. i want to thank jason williams, who is right there, for the invitation and all the people who were so gracious to me. i had a fun time. a lot of great people. so,. >> jessica: awesome. >> judge jeanine: thank you. greg? >> greg: all right. tonight we have got a great show. brian kilmeade. ugh. emily compagno. first time guest kelly o'grady, her name sounds like a pub. mackey how sweet. let's do this. a man fulfilled a big dream of mine and i would be landing on top of a unicorn. watch this. here he comes. he is skydiving. i don't know where this is. e

. >> other something goes wrong with your taylor swift purchase on ticketmaster. >> there's no chat. >> or trying to tell lift that their eta is off by an hour. >> i don't want to give the driver a one star review but that's really the only way to get their attention. >> customer service is becoming less human. >> the less money organization spent on service the more profitable they are. >> that makes us crazy. this man's research says -- >> this customer dissatisfaction was about 66% and then from 2021 on it now gone up to 66%. >> two out of three people are reporting dissatisfaction with customers nervous. >> that's correct. >> ticketmaster says they are ramping of fan support and looking for ways to improve. the problem remains, it's becoming harder to get help from a human. >> when companies remove the number they tell the customers -- >> this company offers a high powered voices to calls and even to solve simple problems with they can. this canadian driver needed his card code. >> we accepted -- expect a service -- to create -- reach here. >> celeb that appointment for you? >> y

primero colapsaron ticketmaster, luego otra y ahora la de google, creada para el lanzamiento de un nuevo primera bola con el pie, y asÍ destaca las habilidades de las personas con algÚn tipo de discapacidad. ha visitado 29 estadios. solo le falta el de anaheim. asÍ nos despedimos. buen fin de semana. descansen. felipe: bienvenidos a "contacto deportivo"! manuel: hugo sÁnchez con "el canelo" Álvarez, a ocho dÍas del combate. felipe:

ticketmaster not responding to high demand for olivia rodrigo's upcoming tour with some new restrictionsns who were lucky enough to buy tickets during this week's presale. well, not actually received them until 72 hours before the event and they will only be delivered electronically. so no paper tickets. both moves are meant to keep scalpers from jacking up prices, although buyers can still sell their tickets for a profit through ticketmaster itself. rodrigo's massive world tour kicks off in palm springs. that's in february of next year and she will be performing at chase center. but that's not happening until august second and 3rd of next year. all right. here is what's coming up at 3 o'clock because we have a lot more stories ahead for you. the white house is taking a new approach to tackling. >> guns in america. the latest on a new office that's tasked with preventing gun violence. plus the iphone 15 officially now available in stores will take a look at apple's greenest phone yet. but first, we will learn more about that brawl that happened at the niners game last night. and what pre

one fan saying ticketmaster should go back to physical lines.. >> those lines would be wrapped around a block like the line is wrapped around the studio to say happy birthday! [ applause ] >> thank you. >> you were dancing earlier. there you go. all right. >> thank you. >> happy birthday to you. >> thank you. >> coming up, teenagers in their own words about the pressures of school, self-image and social media. and next, we have our play of the day. we gotta say it is quite a catch. we got to say it is quit catch. hey. my hand, not me. shelves. shelves that know what taste buds want. shelves smart enough to see, sense, react, restock. ♪ so caramel swirl is always there for the taking. once in a lifetime is never enough. never enough! ♪ love and happiness ♪ when i wear diamonds, i feel powerful. i feel on top of the world. diamonds! diamonds for all. pandora. lab grown diamonds. where are you going? we have moderate to severe ulcerative colitis. that's the old me, before i started taking zeposia. is that just one pill? once a day. old me is still

sue ticketmaster itself. a robbery goes. massive world tour kicks off in palm springs.e your 2024. she's going to perform at the chase center on august second and 3rd, is just big venue for her. and up there. i like a vampire. that's it's about. the yeah, 16. >> al-ight. 95 right now. coming up on the kron 4 morning news in the next hour. bart police are investigating a stabbing that happened. >> at an east bay bart station will tell you what we know so far and 2 people were killed when a man opened fire at the toyota service center in the east bay killing an employee and the police fired back killing him. and san francisco city leaders trying to figure out a plan to prevent car break-ins. at cretors, we handcraft every batch of our delicious popcorn. like our cretors cheese and caramel mix. great on their own, even better together. try cretors, handcrafted small-batch popcorn. >> right now on the kron morning news, a woman was shot and killed while working at a car service center in the east bay. investigators are saying that shooting was an act of domestic violence an

registration for presale is now available on ticketmaster. >> he is more. >> then just can't., he's a finalist in this year's national toy hall of fame induction class. that barbie just on fire. barbie's boyfriend ken is one of 12 finalists up against, you know, old-school baseball cards, battleship, bingo, bop it. cabbage patch kids choose your own adventure. game books. connect for little tikes. cozy coupe. nerf and the teenage mutant ninja turtles. just some classics there. you've vote for your favorites through september. 20th. the top vote getters from the public and members of the selection committee will be inducted on november. so not barbies already inducted. you think barbies got this one locked up? know she's got a lot department can. i mean, because of just all the hype. >> and leading to can. speaking of ken, our own can is here. what would be your second favorite toy that list? well, my first favorite is nerf. okay. i mean, everybody grew up with you know, kids love these days. but this live sure all about this line. they say it's satisfying. when you touch have

in the city tighten travis kelce, the best available price of tickets jumped to $289 a piece on ticketmaster wednesday after an nfl insider reported that taylor swift would be at the game on sunday, diehard fans shelling out in hopes of catching a glance of the megastar we will get to the update on monday "mornings with maria" 6:00 a.m. to 9:00 a.m. eastern on fox business. i will see you at 10:00 a.m. on sunday morning on the fox news channel for "sunday morning futures". i have exclusive interviews with house ways and means committee chairman jason smith, 2024 presidential candidate for governor ron desantis and breitbart news editor alex marlow join us for those exclusives, that will do it for us for now. thank you for joining us. i hope y barron's roundtable sponsored by global x etfs

millions of frustrated swifties plagued by lockouts on the ticketmaster platform, delays, and soaringher stadium tour. some of those fans forced to buy tickets from scalpers. and now those ticket resellers facing karma. ♪ karma ♪ ♪ karma is the breeze in my hair on the weekend ♪ >> juju: the irs promising swift justice. a new tax law taking effect for the 2023 tax year now requiring those ticket sites to report any third party sale over $600. whether that's for taylor -- >> welcome to "the eras" tour. >> juju: or beyonce or lionel messi's inter miami. the irs saying sellers will be liable for income tax on any markup, even if it's just that one extra ticket you sell because your bestie couldn't make it. "vampire" singer olivia rodrigo revealing a new approach, tickets for her show will be delivered 72 hours before each show. this scalper-thwarting effort being watched by other artists intent on getting fans into the stands. that's "nightline" tonight. watch full episodes on hulu. we'll see you right back here same time monday. thanks for staying up with us. good night, america. have a

a new law requires outlets like ticketmaster and stubhub to give the irs information about users who than $600 in tickets. the average price on stubhub in the u.s. for taylor swift tickets was almost $1,100, with the top seats going for much more. >>> get ready for ads on amazon prime video starting early next year. if you want to avoid commercials, you'll have to fork over an extra $2.99 every month. other streaming services like netflix, hulu, and disney+ are also upping prices for ad-free plans. >>> and apple's new iphone 15 is now available. analysts report preorders were stronger than expected, pushing deliveries to late october through mid-november depending on the model. prices start at just under $800. updates include improved cameras, new cases, and charging with usbc cords. >>> that's your cbs "money watch" report for this monday morning. i'm wendy gillette, cbs news, new york. >>> up next, taylor swift was at a football game over the weekend sparking speculation about love on the sidelines. h us. bipolar r 1, i got hehelp to pushsh back. i got hehelp to pushsh back. spspec

listen, google, meet ticketmaster go get coffee. figure it out. breaking the internet. >>> meanwhile, rihanna threw her fans into a frenzy giving us a first look at her and a$ap rocky's new son. the adorable snap showing the family of four dressed up to make the debut she gave birs th last month. she likes dressing up her son in pink and florals that is the cutest picture >> pushing the envelope with that name, riot rose >>> a sequel is heading for the streaming screen a young family is back in "young love." it premieres on max and sees the repr reprise of a role. i love where the story line picks up so super cute. super popular. >>> when we come back we have the headlines you need to know to start your day. >>> when you should reach the gym to reach your fitness goals. gym to reach your fitness goals. of doing things. america's plastic makers are investing billions of dollars in new technologies for a better tomorrow, we're focused on making plastics better today. sometimes jonah wrestles with falling asleep... ...so he takes zzzquil. the world's

the best available price of tickets jumped to $289 a piece on ticketmaster spiking 71% wednesday after an nfl insider reported that taylor swift would be at the game on sunday, diehard fans shelling out in hopes of catching a glance of the megastar we will get to the update on monday "mornings with maria" 6:00 a.m. to 9:00 a.m. eastern on fox business. i will see you at 10:00 a.m. on sunday morning on the fox news channel for "sunday morning futures". i have exclusive interviews with house ways and means committee chairman jason smith, 2024 presidential candidate for governor ron desantis and breitbart news editor alex marlow join us for those exclusives, that will do it for us for now. thank you for joining us. i hope you have a great rest of the weekend and i will see you next time. >> variance roundtable sponsored by global x etf. >> welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead. i'm jack otter. he data show cooling inflation that the fed might not raise interest rates again this year. i'll ask partner andy capron how investors

swifties, you keep breaking the internet ticketmaster, then google.ut now. >> that's later in october when that comes out >>> afte writers strike could be nearing the end. after the reps for the writers guild and alliance of motion picture producers returned to the bargaining table, both sides are hoping to finalize a deal today. over 11,000 tv and movie writers walked off the job on may 2nd and have since been picketing for fair compensation, protections against ai and better working conditions. it might take a while. >>> when we come back, the headlines you need to know to start your thursday morning. >>> including a customer accident that could cause mcdonald's a latte financial pain mcdonald's a latte financial pain this isn't a car commercial. this is an autotrader commercial and this is one of the millions of new and used cars that you can find on autotrader. you can find cars like the ones on your favorite show. oh, no! or the car in this show. get out the water! i bet i can even find the cars in my feed. sure can! you can even find the car in

. >> ticketmaster has new rules in place aimed at avoiding that repeat of that taylor swift fiasco.ickets for rodrigo's tour won't get access to them until 72 hours before the show, and they'll only be available online. it's a move to try and prevent resale prices from going through the roof, even after rodrigo added 20 new dates, most fans were being waitlisted. >> the lucky ones will get an email giving them a chance to shop for tickets. good luck. all right. next, a halloween crackdown. it's not even october yet. >> yeah. officials in beverly hills are cracking down on young pranksters this year. the city council has approved a rule banning anyone under 21 from possessing shaving cream, silly string or hair removal products. on october 31st. the goal is to create a safe, family friendly environment violators, by the way, could get ticketed next, the high cost of complaining. david brooks of the new york times posted a photo of a meal he had at newark airport. he complained that it cost 78 bucks. he said this is why americans think the economy is terrible. but the restaurant later

agency implementing a new law that lowers the tax threshold for users of certain platforms like ticketmasterub. the platforms must now provide the irs with information. if the seller's ticket resales in 2023 are worth more than $600. and that's a big change from the previous threshold of $20,000 in more than 200 transactions. now just a single transaction could trigger a flag. well, there's a lot of money to be made in this area. clearly the model that's being used now is broken. taxpayers who hit the $600 max will be sent a 1099 k form to report the money they've made from sales on their 2023 taxes. those sellers will owe additional taxes only if they made a profit by selling tickets for more than they originally paid. the new changes stemming from a revenue generating measure in the american rescue plan act. it's been a massive year for resales, with soccer fans flocking to see lionel messi, beyonce's renaissance tour and of course, taylor swifts eras tour. i'd like to be open about what we need to do is make sure that the scalpers, the bots can't jack up those prices to exhibit levels. ac

>> wide range, $106-$8700, ticketmaster, $11,000 but she doesn't sit among the crowd. gets -- not sure travis kelsey gets that, arrangements being made, we have any fans showing up at a football game saying there is taylor? and you get your video and it goes viral. stuart: can i do this? dallas maverick's, mark cuban told swift a breakup with kelsey, and date one of the single guys instead. anything to add? neil: just signed me to attend day which i had to look up. and i will help you, i will come in, that you sign it to that 10 day. it goes up because of that. having fun with it. stuart: next case. to see taylor swift. okay. climate protesters shouting at president biden during his speech in arizona, the new york post says these activists will never get people to change their mind about climate if they keep acting like this. she will will be on the show later. democrat senator bob menendez refusing to design despite members of his party calling on him to step down. we hear some democrats are depressed over the menendez scandal. we have that report from capitol hill ne

making money on it, i find it a lot easier to deal with tickets now, a lot of people don't like the ticketmastert all. when i bought tickets to shows if i can't go, you can resell it right there. in old days you had to stand in a parking lot like an idiot and pay cash. if you want to avoid the irs, you have to go old fashion way and stand in a parking lot. >> or you can go to other social media or sell it on twitter or facebook. >> they are watching you there. >> they are. >> irs is looking at you. >> you could get hit, an example. what it could mean in a tax bill. if you go out and sell these tickets, here is a sizable tax bill for someone. they bought 6 tickets to her houston show in potential, -- april, 1200, and sold them for 8550, after fees, taking advantage of this ticket frenzy tax bill for profit, 4700. >> that no good. >> you know. and to tom's point, about you know the 600 dollar threshold kind of low, half a ticket, there is a bipartisan effort there are law makers who are trying to introduce bills that would up that thresh hold, and it is bipartisan, maybe we'll see something there.

i want to say the irs is creating bad blood, like ticketmaster, turning over to the irs information onts each year. in the past, companies were required to send 1099 cares to anyone who sold $20,000 in tickets or had 200 transactions. this would likely be ticket brokers. new rules in the american rescue plan act, reselling one swift ticket could spark a tax bill. 30% of the record-setting tour resold by and sellers, not ticket brokers according to stub hub. market text have spiked. spikes. the average price was $3800, 2300% increase from the reputation stadium tour for which the average retail price, $157. the average value of a ticket was 253. beyoncÉ and harry styles average resale price, over one thousand dollars each. by the way, taylor is breaking another record. her heiress tours the first to shatter one million dollars in ticket sales. she's beating out elton john whose farewell yellow brick war -- are yellow but road grossed $12 million. they are saying i don't want to pay taxes on this. david: a lot of the mom and pops probably bought an extra one thinking they could make more

. >> reporter: the irs creating bad blood, a new law requiring ticketmaster and stub hub to turn overet companies required to send 10909ks to send them and who had 200 in the transaction. now because new rules and the american rescue plan, they are warning about the tax bill. 70% of the tickets on the record-setting tour were sold by fan sellers, not ticket brokers. they have spikes, the average price was $3800, 2300% increase at the stadium tour for which the average resale price was $157. average face value was 253. beyoncÉ and harry styles average cost per ticket surpassing $1000 as i send it back to you. the eras tour will be the first to shatter the $1 billion leveling ticket sales weeding out elton john whose yellow brick road tour hosted $900 million. any surprise the irs wants a piece of the action? ashley: not one bit. thank you very much. if you made some extra cash, you have to pay for it. very quickly we expect president biden to join the picket lines on wayne, michigan, there is the picket line. president biden could be there anytime in the next 15 minutes. that does it f

ticketing websites like ticketmaster and stubhub will have to send forms to users who made the 600 pluse previous threshold was $20000 over the course of the year. 20000, 600. who says no tax increases. the writers guild of america reaching a tentative deal with hollywood studios the actors have not reached a deal. >> let's talk about the writers deal read we don't know the details but it appears the writers and the studios agreed on regulating artificial intelligence. this was a big one sending a minimum staffing standard in residuals for the streaming shows especially the popular ones. many said streaming and a.i. had completely changed the situation for them. they were already out of work so they were willing to strike for 146 days. i was saying how could you make ends meet striking for 146 days and their viewpoint we were not able to make ends meet to begin with. that's why they were able to do this they stayed together and unified. the deal still needs to be approved and ratified by the 11500 members before they return to work. late night and daytime talk shows would return first.

from illinois, it will be fun and exciting, i have a few more days, brian kilmeade.com and order ticketmastert's what i look like. >> i'm guessing that as we sp speak. >> meanwhile, ever wonder the key to happiness? how to build the life you want. ♪ ♪ ♪ charlotte! charl! every day can be extraordinary with rich, creamy, delicious fage total yogurt. (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. dude?

from illinois, it will be fun and exciting, i have a few more days, brian kilmeade.com and order ticketmastert's what i look like. >> i'm guessing that as we spe speak. >> meanwhile, ever wonder the key to happiness? how to build the life you want. ♪ my asthma felt anything but normal. ♪ ♪ it was time for a nunormal with nucala. nucala is a once-monthly add-on treatment for severe eosinophilic asthma that can mean less oral steroids. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your asthma specialist about a nunormal with nucala. ♪ >> welcome back. the good old days have happy hour hang out after work seems to be a thing of the past. more workers the combined between work and the rest of their lives. huge player so-called 501 and done mentality is depression and anxiety. you

producer at this network who will remain nameless we spent hours a day at his computer mining ticketmasterthem on the submarket, and he cleaned up. he cleaned up! >> jeanine: what is he now? is he in jail? >> jesse: he is doing very well. he is still at the company. >> jessica: he has the 8:00 slot. >> jesse: that's not true. >> jessica: not true. "one more thing" is on next. ♪ ♪ i just always thought, “dog food is dog food” i didn't really piece together that dogs eat food. as soon as we brought the farmer's dog in, her skin was better, she was more active. if i can invest in her health and be proactive, i think it's worth it. visit betterforthem.com hi, i'm william devane. did you know it took our founders 116 days to debate and draft the u.s. constitution? turns out they didn't trust the printing of paper money, but they did trust gold and silver. article 1, section 10. gold and silver. good for the founders, good for me, good for you. rosland capital - is a trusted leader in helping people acquire precious metals. gold bullion, lady liberty gold and silver proofs, and premium coins, ca

a new law requires ticketing platforms like ticketmaster and stubhub give the irs information on those tickets. average sold, $1,095. >> to a ticket to see taylor. >> on average. best seats going for thousands. this $600 thing, more and mere people realizing the things is a get them in trouble with irs. >> pay income tax on the money collected by selling your taylor swift tickets? >> i guess. at game? >> the basis? how much i paid -- >> yeah. >> well -- >> watch the concession workers. i don't have time for that but wrigley field concession workers could be going on strike as our summer and year of strikes. >> thanks for watching. >>> "closing bell" starts right now. >>> welcome to "closing bell." i'm mike santoli in for scott wapner. post nine at new york stock exchange. a make or break hours begins with stock seeking firmer footing after a jarring week. major indexes struggling to stay in the green most of the day and the breakout in bond yields this week stokes the economic concerns. treasury yields calmer on the day. oil prices are quiet. coming up, citi out way new bullish call on

it lowers the tax reporting threshold for those using platform like ticketmaster, stubhub, requirings information on those who sold more than $600 worth of tickets. the previous threshold was $20000 in revenue. more than 200 transactions. but the tax provision was included in the american rescue plan, the other legislation that this president signed into law. he has tax increases headed in all of these packages. i was outraged when i saw the any transaction over $600. some of the companies like venmo or paypal. they are being forced to report all of the transactions so you will get tax on it if you have a transaction of $600 now if you sell or resell sports tickets. >> there going after everything. they say they're going after billionaires. how many billionaires do you know cell their children's old clothes and baby cell $600 worth. it may have cost you several thousand dollars to buy all these children's clothes were motorcycle that you bought years ago, venmo, facebook, penpal will send the federal government under the ball onto law-abiding past and say you just earned a thousand d

well, last fall, a slew of ticketmaster complaints surrounding taylor swift's eras tour prompted thousands to demand ticket selling policy reforms. despite those slow moving changes, the senate appropriations committee passed a bill targeting ticket resale policies this week. the assembly bill would impose disclosure requirements on ticket sellers, such as displaying all ticket costs before it's even selected for purchase. the bill is partially sponsored by senator scott wiener and steve glazer. so far a congressional proposal has failed to advance through the senate. what a day across the bay area. definitely felt very autumn like as we're entering our last hurrah of summer unofficially. good evening, everybody. this is the scene right now, isn't this glorious? it's absolutely stunning. clouds down to 400ft. another 1200 feet and also a third deck of clouds, about 3400ft, basically partly cloudy skies for this friday evening. temperature wise, anywhere from 61in half moon bay to 71 degrees now in fairfield mid 60s. for the most part, the winds are breezy, but these winds will begin to set

ticketmaster is making changes for fans hoping to attend the upcoming olivia rodrigo tour instead of the tickets months in advance. fans will not be able to access tickets until 72 hours before their concert. the tickets will also be available electronically only the change aims to crack down on scalpers who buy up tickets to resell them at an inflated price. tickets master sent out a warning yesterday that the demand for her tour is much likely higher than the amount of tickets available. rodrigo will be at the chase center august 2nd and third of next year. hollywood writers and studios met to days in a row this week in what could be a big step forward in the double strike. fox's ashley dvorkin breaks down the latest with the negotiations. three days in a row of talks between the writers guild of america and the alliance of motion picture and television producers could be a step forward in the ongoing double hollywood strikes. the wga negotiating committee was back at the bargaining table friday and asked, as many

just sitting at his computer - [ laughter ] just refreshing ticketmaster over and over again. [ laughteruse "mr. president, we need you in the situation room." "hold your horses, i'm number 8,000 in the queue [ laughter ] i think i got a shot oh, taylor look what you made me do." [ light laughter ] in fact, there were even times when it seemed like biden was maybe taking some rhetorical flourishes from donald trump but instead of just talking out of his ass like trump does, biden was backing it up with actual policy. >> tonight, i'm announcing new standards to require all construction materials used in federal infrastructure projects to be made in america. [ cheers and applause and on my watch, american roads, bridges, and american highways are going to be made with american products as well. my economic plan is about investing in places and people that have been forgotten too many people have been left behind and treated like they're invisible. outside of columbus, ohio, intel's building semiconductor factories on 1,000 acres last year, i cracked down with the help of many of you on for

[ light laughter ] ♪ time for taylor's eras tou can't get seat did you get yours ♪ ♪ ticketmaste getting--♪ >> the gwyneth paltrow ski crash. [ laughter ] ♪ tiktok's wher we love to scrol the government might ban it though ♪ ♪ but if biden lets that fl his re-election can ♪ >> say good-bye. [ laughter ] ♪ a.i. is her and gaining stea i'm scared of that chatgpt ♪ ♪ twitter's busines in the tan still better than --♪ >> silicon valley bank [ laughter ] ♪ yeah the oscars were this mont everything everywher all at once ♪ ♪ next year it could be john wic the only star not on - oh-oh-oh ozempic ♪ [ laughter and applause ♪ pascal is in every show we can't get enough pedro ♪ ♪ succession's back at 9:00 if you don't watch then just --♪ >> [ bleep ] off [ laughter ] >> steve: oh ♪ massive new we got last nigh jury choosing to indict ♪ ♪ trump will ac like he's shaggy when he says --♪ >> it wasn't me. >> jimmy: yeah [ laughter and applause it's just -- [ cheers and applause thank you. thank you. sha-gy sha-gy >> steve: sha-gy sha-gy >> jimmy: sha-gy >> steve: "it wasn't me. >> jimmy: that's right [

like absurdly high prices for insulin, surprise medical bills, high concert prices jacked up by ticketmaster fees at banks and airlines at one point he even said he wanted to eliminate surprise fees at hotels >> i know how unfair it feels when a company overcharges you and gets away with it. not anymore. we've written a bill to stop it all. it's called the junk fee prevention act we're going ban surprise resort fees that hotels charge on your bill those fees can cost up to $90 a night at hotels that aren't even resorts. [ laughter ] >> seth: i mean, you know joe biden has stayed at a motel 6 expecting better accommodation. "these aren't even resorts, folks. no water slide, no golf course, and you got to pay for the continental breakfast. plus, those metal chairs by the pool give me waffle thighs." [ laughter ] and that focus on economic populism is what led to the big moment of the night when biden called out republicans for proposing cuts to social security and medicare and threatening to hold the country hostage over the debt ceiling unless democrats acquiesced. it led to a lot of republic

lyft is looking to stop surge pricing ticketmaster com. that's why we've got $4,000. bruce springsteen tickets is looking to stop surge pricing. it's think something that someone in board room comes up this great idea. but in reality, consumers hate it. so we'll see. a surge pricing continues to live what we've got surge pricing on the bay bridge. i mean. >> when you can charge more year to you, your free market guy, right when drive, the more you charge more can you do? >> and i'll probably be at the public can morning this morning because cheapest. how about retail sales? what's going on with that? are people buying? it's not really the season yet. is it? yeah, it's it's kind of interest we do it every month on wall street and the month over month. numbers are looking a lot weaker from january. this year, every month gotten weaker. and where in august now, but they look great in the short term last 2 months, they beat expectations only because of inflation. we're paying more for electronics. we're paying more for clothes. paying more for gasoline. so the good news i

the pre-sale tickets go live on ticketmaster on september 20th at 3 p.m, celebrating all of our differenceshrough fashion models. >> hit the runway at new york fashion week to highlight adaptive apparel for people with disabilities. gear includes sweatshirts for people in wheelchairs. organizers say fashion week is a chance for designers and models to shine. and when it comes to swag, there's no reason why anyone with a disability shouldn't look good or feel good. the show was put on by runway of dreams, which empowers people to have confidence and self-expression through fashion and beauty inclusion. that's cool. that is so cool. >> i love it. yes. >> you ever been to fashion week ? >> no. have you? >> you should. i've been around it like in the city when it happens and it just seems like it just takes over. i can see that looks all the pictures, all the things. yeah. >> you all know we're having an oakland style week in october. yes >> can we get in the front row? >> yeah. >> will be shows there'll be things. it's going to be exciting. >> we were really dark glasses. i want to do. >> yeah

threshold is lowered for people who do business on e-commerce platforms like ticketing websites, ticketmasterthose platforms are now required to provide information on sellers. proceeds to the irs. if the sellers ticket sales are worth more than $600. if you're that's like one taylor swift so for people who buy, you know, 200 all tickets and trying to flip them for 600 or more. yeah, the irs is going to be clued in on that sale and you are going to have to pay taxes. they want a piece of beyonce's nonprofits there you. >> all right, 6.56 right now coming up on the kron 4 morning news. the writers strike in hollywood could be over, which means a return to your tv shows and they get back to work. we're going to see what the 2 sides may be have agreed on so far and a dundeel. we'll tell you when that happens too. >> plus, a woman died. someone it in her own family went on stabbing spree in the berkeley hills will tell you and gas prices just keep going up. we're going to take a look at how high they are around the bay this morning. >> right now on the kron, 4 morning news, the berkeley hills com

they have to pay tax there now required on e-commerce platforms like, you know, ticketmaster stubhub. they report the users that make the profits of more than $600 regardless of how many transactions you have any year, if you make that kind of money on a ticket, you're going to have to pay taxes there. but sellers making about $20,000 and at least 200 transactions years. so there are plenty of people we've heard about this. i mean, lake taylor, jessica taylor swift and beyonce in these. you buy a ticket for 200. you could sell it for 2000. sometimes encourage people to sell it for under don't have to pay taxes everything that be a deal to go to a concert. but it is a right? >> all 49 the time. let's go to the south bay now where the stanford linear accelerator center slack for short has fired up. what's now being called the world's most powerful x-ray laser. i think it's going to usher in a whole new aero science. the laser is called the el cls too. and they believe it can transform the ability of scientists to explore down to. the atomic scale in a way they haven't been able to befor

that means i'm already stressed out about ticketmaster, about presale code. >> i'm just going to go. who's got the amex? how do we get in early? am i going to be waitlist? >> because even the vegas was stressful. they were like, there are 1200 people ahead of you. what i really logged in on time . >> you should've seen the mess that kylie minogue caused. that was even harder to get into. is that what beyonce did with her super bowl like right after she performed? did she announce her tour? oh, you're right. the formation tour. >> yes. but see, that was in the that was in a different era. >> yeah, but good for him. >> yes. the tour. i'll be there. >> i would be whoever his manager right now. i know. really on it. i know. welcome to wednesday, september 27th. >> yes, of course. you have a lot to get to. we're going to start the check of our forecast with drew. >> yeah, good morning. it is a very different morning compared to yesterday. it's totally dry out there. we have no showers there is a pocket of dense fog in napa county. you can see napa is down to a quarter of a mile visibility

kind of wants piece of the action that used to be if you did $20,000 revenue, the irs when asked ticketmaster and stubhub to give you a 10 99 for the income that you need to report to the government right now at $600, which could be one safety. take it so you bought a ticket for 500 you so that 4,000, there's $90 of fees. you've 410, not on a dollar gain which is going to tax. you are between 10% and 37% pay on your tax bracket. so don't forget if you if you made money reese on your tickets, you probably want to send a little bit of a side for the ire asked of note, this also applies to e-bay at sea rover. if your dog walker airbnb, if you're paying a tutor over $600 a year it through, i can venmo their space receive to 99 as well. so the government wants the money. this is new law and it's tied towards the democratic pacs. exit packages. some revenue to pay for summer spending last on some of new bill. so in this case, inside blame, a democrat. haha. well, i i could political well, 600 for the year like he could easily surpass that in just a you know, a couple the couple purchased couple tra

platforms like ticketmaster and stubhub. >> must now provide the irs with information if the sellers ticket resales in 2023. are worth more than $600. that is a drastic change from the previous threshold of $20,000. taxpayers who hit that $600 mark maybe sent a 10 99 k form to report the money they have made from sales on their taxes. sellers will owe additional taxes if they made a profit by selling tickets for more than they originally paid. consumer should keep expecting high payments on just about everything as the federal reserve just finished up a two-day meeting and financial experts are predicting interest rates will remain high for the foreseeable future. policymakers left interest rates unchanged between 5 and a quarter and 5 and a half percent. but rates could rise again before the end of the year. that high rate could mean a new normal of high payments by consumers on their borrowing. but others who like to save could benefit from the high interest rates. so before you have dessert, who should hear this story? because there's a recall to talk about 40 states, including ca