wci builds luxury homes. shares of wci shared 38%. lenar was up slightly. >>> the number of people filing for unemployment benefits fell to the lowest level since july. initial jobless claims dropped to 252,000 last week, just modestly above the four-decade low hit back in april. >>> wells fargo's ceo john stumpf stepped down from the federal reserve advisory council. several senators, including elizabeth warren, are asking the bacnk.department the senators want the agency to examine whether wells fargo violated labor laws. the letter cites threats of termination and harassment. it also said wells fargo failed to pay overtime to selle and sales representatives. the letter suggests widespread exploitation of the wells fargo workforce and it deepens the bank's fake account scandal. so what could a federal version into wells fargo's wage and labor practices mean for the troubled bank? michael deutsche is co-founder and partner at the new york law firm singer deutsche and he joins us now to discuss. welcome, nice to have you here, michael

oil is the big story, up 3.5% wci as we said. on wci. where we are more in a moment.loomberg. is there ♪ manus: i am manus cranny with the anna edwards. , and francine are off today. anna: we have news coming out with the russians and saudis. lacking in detail. lines coming through. russia and saudi to form a working group to monitor the oil market. that coming to us from interfax. russia and saudi have discussed different options. including a possible output-freeze. saudi and russia took a big step to put the oil market in balance. this is a keyword, putting -- bringing it into balance. russia is ready to join. russia is ready to join the decision on a freeze. that is one of the essential lines. let's bring in ryan chilcote, he on all thingst russian. it looks like the market is verbally moving toward a state setting for a freeze. ryan: they said they have agreed to coordinate joint actions. they said there are a number of concrete instruments they can use to coordinate their action. they said they'd discussed the possibility of a production freeze. what they did not

real estate hi to a floor is largest home construction companies emerging.ennar based out of miami and wci communities based in bonita springs lennar will acquire to bci for $643 million. that news caused stocks both companies to jump. the mouse maybe a little adjustment to the weather can. > florida mom since cash straight to the bank. is a life full time blogger that's new at 11. >>> looking at every solution possible short-term out-of-the-box crazy ideas. some search for accountability others searching for a fix. the city of st. pete trying to resolve its sewage problem. ere we are the first day of fall so it feels like the last day >> the first day of summer. y. >> anchor: facing pretty harsh criticism from the city because of the ongoing sewage crisis. because a lot of questions at who's to blame how's the city going to fix the problem. fox 13 reports from st. pete. >> reporter: mayor rick the public works administrator base of really harsh criticism tonight from city council for how open they have in some cases have not been with the public following this sewage bill crisis had a han

real estate hi to a floor is largest home construction companies emerging.ennar based out of miami and wci communities based in bonita springs lennar will acquire to bci for $643 million. that news caused stocks both companies to jump. >>> coming up with a click of the mouse maybe a little adjustment to the weather can. > florida mom since cash straight to the bank. is a life full time blogger that's new at 11. >>> looking at possible short-term out-of-the-box crazy ideas. some search for accountability others searching for a fix. the city of st. pete trying to resolve its sewage problem. ere we are the first day of fall so it feels like the last day of summer does not command. >> the first day of summer. to thrive in an ever-changing environment, companies must adapt. but one thing should remain constant - understands and cares about your business. pnc corporate and institutional banking offers strategies tailored to your company's needs. know that our dedicated teams of local experts offer insight to help you achieve your business objectives. see how working with pnc can help your compan

lanar will acquire wci for $643 million. news cost stocks to jump for both companies. largest association for the its headquarters to orlando. international association of amusement parks and attractions is currently based in alexandria, virginia. they say it will make it easier to recruit candidates involved in the industry. along with its headquarters, the association is also bringing its annual tourism conference to the city. seems like an obvious thing. good news for felons and bad news for deer. florida supreme court overturned the conviction of a felon caught hunting deer he was using was an antique replica. the ban found an exception for antique guns and replicas. judge didn't fault him for doing his research saying he would, quote, be in a world of hurt if the bear was charging after him to reload. >>laura: 10 minutes from the top of the hour now and they were meant to entertain but all they did was bring parents pain. find out what target is getting joness isn't as expensive as you would think. the story behind the new york the story behind the new york mansio

wci, 49.79. down by 1.1 percent. the saudi's and the iranians met yesterday for the second day. algeria looms large at the end of the weekend into the start of next week. let us get the bloomberg first word news. good morning stephen. yahoos says personal details of at least half a billion people were stolen in a 2014 hack. the company says the attacker was a state-sponsored actor and the stolen information may include names, phone numbers, rates of birth, passwords and security questions and answers. users are being contacted and their accounts secured. comes ahead of verizon's acquisition of yahoos web assets. according to people familiar with the matter, in agreement could be announced within weeks the no final decision has been made and the talks may still follow part. this comes five months after bats is pursuing ipo. -- lowe bank profitability and mounting legal costs. social democrats discussed the lenders both at a closed session. the matter comes after the u.s. -- related to mortgage-backed securities. european central bank president mario draghi says center banks they

this is a look at short, the white line, and the wci price, the blue line.asking ourselves, what will happen in doha? will they agree on a freeze? chris had a great note -- it doesn't matter. talk is cheap, but it is profitable. the last time they announced talks in doha, what happened was the number of short fell about 67% before we got the talks and they failed. then we saw that the price of crude climbed some 55%. fast-forward to the talks on the 27th. they were announced a while back. since they were announced we have seen the price climb of about 60%, and short fall 57%. there's a bit of a boy who cried wolf element. you can see the shorts climbing at the and, but generally speaking, talking up oil, talking about unity is opec, they have been useful. guy: great stuff, thank you. ryan chilcote, on one aspect of the energy story. let's talk about another. i get in on the morning here, and one-story stood out with quite a chart. this is aussie export on coal, and it is quite a chart. it really crept up on a few people. look at that rise. 2013is a three-yea

and finally housing industry deal announced lennar buying rival wci communities. deal is worth $643 million in cash and stock. the deal in stock term is at $23.50 per share. that's a 37% premium to yesterday's close. would have been nice to be in that stock yesterday. >> yeah. >>> the governor of north carolina declaring a state of emergency in charlotte after protests overnight led to gunfire all in response to tuesday's officer involved shooting of a black man. we are joined now with the latest on the investigation and the public outcry. sarah, it has been a very long night there. >> reporter: that's right, becky. it's been a violent night here in charlotte, north carolina. and things right now are actually very calm. much different from what they were than a couple hours ago when hundreds of people were marching through the streets. it was anger and rising racial tensions here after yet another officer involved shooting. so this brought out protesters to the street. forced to use tear gas all in an effort to disperse the crowd and protest peacefully. originally

offer the potential to cut production to january levels in the market, a bullish tone for commodities wci -- wt and 4649 and ti trading low. come in on a basis point 1.6% on the u.s. 10 year. alix: safety is the trade for today. let's check in with a bloomberg team for in-depth coverage. , dordrechtnuzzi falling to a record low, carolyn conan and megan murphy. the latest bloomberg politics poll. in equities and in debt, deutsche bank is the story. jonathan: i want to cross over to elisa martinuzzi disorders therewith happen. the story overh the weekend and the report that the state wouldn't step in. where are we with that story now? elisa: there's lots of moving parts. don't jamaica's been on the record to say they never asked the government for any diplomatic help with the doj. you had the government say they are not going to engage in any speculative about deutsche bank. georgia bank is popping up in ,erlin as we reported last week so very much at the top of the agenda. this year, weier have the ceo deutsche bank come out and say that some clients have stepped back from doing business w