like i said, i work for wells fargo, and wells fargo believes part of our culture is investing in our communities because we believe -- we can only be as successful as the communities that we invest in. and i work for a group that's called community lending investment, and that commitment extends nationwide, and we're the largest investor in low-income housing tax credits. we invest about $2 billion a year for the past four or five years, and we're very proud of that. we're also proud of the partners that we partner with, and i especially want to thank mercy housing, a cast of thousands, i think, and we're really proud to be partners with them, and we're proud to partner with ocii, the mayor's office of housing, london breed, everybody in san francisco that has made this project come together. we really appreciate that. and i especially want to thank natalie gub. i have kind of a story. i hope it makes sense. there's a sports analogy on here, and seeing how i'm on a basketball court, maybe it all makes sense. so i was a boy, i wanted to be a professional athlete like most boys, and i

. >> that gets tripled by wells fargo tonight.u can go online to kpix.com for more information on giving tuesday. that was very generous. >>> coming up, it's the video of the day. the pilot for got to strap this hang glider in. >>> it turns out this gene edited baby research was done here in the bay area. >>> an american tourist went hang gliding in switzerland, and nearly did not make it home to tell the story. >> what a story. we will show you the heart stopping ordeal all caught on camera. >> it was his first day on vacation in switzerland, and chris went hang gliding. he slipped on a harness, but the pilot got to hook it to the glider. >> as my feet left the ground, i wondered if this was how it was supposed to be, something was not right here. >> he was hanging from his fingertips, while his pilot tried to land. looking down, his he he sought treetops and rooftops. >> i looked down and saw that it was beautiful, and then thought i was going to die there. >> i was just hanging on for dear life. because of the jostling, i kept

morgan chase and wells fargo show we have a long way to go the two banks recently agreed to continue offering billions in lines of credit in bridge in or g. company planning to rebuild the line three or pipeline that would harm indigenous tribes in minnesota and wisconsin for more on this we go to our senior lewd or oil expert. i mean just because we're talking about oil doesn't mean you should try to be slick . right i mean at my left out that on the very same day those banks extended to. ninety one other banks in d.c. to revise the equator principles industry led due diligence standards meant to prevent bang. from supporting environmentally and socially harmful projects so these pigs met to save the environment on the same day they made a financial commitment to destroy it that's one to. one hell of a double booking right there. you've never double booked anything mr i host two shows a week. do you not remember double booking naomi and john to be on the second half of redacted v.i.p. and they only choking out john so she could say ok. but i didn't know you were throwing twenty doll

the two banks i hear crosshairs wells fargo for one and obvious reasons. california bank. eve they served her district very well in minority and poor communities through lending and banking activities branch building in these communities. she represents as you know south central l.a. the other bank i hear that's in her crosshairs firmly and this may nit what she said about looking at international banks is deutsche bank. why is deutsche bank in her cross hairs? quite simply that was donald trump's bank. from what i understand those are the two places she is really going to focus on. now, is she just going to let banks go run free and not have to do what she wants? no, she can hold hearings. remember, charles, she can't regulate. you know, she can hold hearings. she can embarrass but she can't regulate. she has very few regulatory -- i mean dodd frank, the way it's intrepghted now in a very loose fashion by the federal reserve which is run by a trump appointee by the treasury department is not going to be changed by her. there is nothing that she can do. her big focus is fro

we are inside the wells fargo mobile food bank right now. e of them many employees from wells fargo that are here helping us out because donations are under way right now, our audience members are rolling these in to donate. check it out. it's really easy for you to do it too. have these bins out at these mobile centers at their banks as well. this one here traveling across the country so that every american can donate. all these donations go directly to feeding america. last year, that's right, some of them here too. last year, wells fargo collected 2600 tons of food which turned into 400,000 meals for folks in need. [ applause ] are we going to top that this year? are we going to top that? we need your help, america. you can donate nonperishable food items starting today through december 31st and giving you updates throughout the holiday season. thanks for your he arm, mfrnd >> i could have told you that, rob. in this week after veterans day we remember vets' service, their courage, everything they put on the line when they fight for our co

morgan wells fargo although wells fargo some other reasons too but all three of those are sort of down somewhat so i think banking suffered also health care is up because now of course there's the thought that obamacare or the affordable care act won't be repealed so that's been good for the health care industry and then also of course infrastructure both parties want to see the infrastructure bill or something to do with the structure go through that is very good for the construction industry both domestically and actually internationally because a lot of international firms like scans go in others do business in the u.s. and you both mentioned infrastructure and i'm down with that but the problem is it's you know hundreds of millions of dollars and the pay for is just really problematic since we spent that one point five trillion dollars the u.s. did on the tax cuts both parties are going to want to the infrastructure bill the question going to be how are they going to get the money democrats will get it from a different place in the the government to pay for it so there's two differ

pero wells fargo permitió a sus clientes retirar efectivo, confiando en su palabra.sobregiros del día anterior... ...y no te cobraremos un cargo por sobregiro. con nuestro exclusivo servicio overdraft rewind... ...es un nuevo día en wells fargo y se parece mucho a nuestro primer día. fructis treats 1 minute hair masks. ¿tienes un minuto? la nueva forma de nutrir tu pelo, rápido. estas mascarillas cremosas nutren en un minuto. 98% de ingredientes de origen natural. obtén un pelo supersedoso. superrápido. fructis treats 1 minute hair masks. en t-mobile, por $40 dólares obtienes un plan ilimitado y un nuevo samsung galaxy s9, incluido. con cada lÍnea. esto es lo que obtienes con tu plan de $40 dólares en verizon. repito. con t-mobile, te llevas esto. 4 líneas, 4 teléfonos, por $40 dólares por línea. con verizon te llevas esto... la elección ya es muy obvia. obtén más, porque tú te lo mereces. sólo en t-mobile. ♪ ♪ listerine® ready! tabs™ no son chicles, mentas ni dados. en serio, ¿qué es esto? si adivinaste "son tabletas que se convierten en líquido al masticarlas, para

montgomery a's prince geor county are suing wells fargo and bank of america. wells fargo and bank of america say thosere allegatio meritless. >>> well, did you want to get a pass for skipping school? well, one maryland school district is poised to do just that.hy we'll show younext. >>> it's a weekend where a lot tof small businesses geto go big. small business saturday. i'll have i'll have de this is a fight. not to the finish. i'll have de but to the beginning. a fight that can only be won, if we stand together for one cause. him. expert care for every new beginning. >>> you're watching news 4 at 6:00. >>> for the past nine years, the saturday after thanksgiving has been small business saturday. today, over at union market in d.rtheast , there were an array of items to buy. tu could have gotten your christmase or some jewelry. as news 4's derek ward explains th is a way to get you to spend money, while helping small busisses with big ideas. >> reporter: they were lining outside union market, a big space was set aside for small their ses to display wares on t

scott renn with wells fargo. thanks for joining zplusthanks, guys. >>>> you bet. time to look at upgrades and downgrades. apple's weovht rating was maintained a at morgan stanley this call follows downgrades. the alyst says shares overreacted to weak supplier guidance. opinio and the pri target set at 253. separately it says apple plans to partner with a studio to make feature films and that also helped lift the sck more than 2% to 191.41. >>> flow dow component visa was given overweight rating at barclays in new coverage. they say there they will benefit from the global shift to ectronic payments. the price target is $170. stock rising 1% to 141.84. >>> mylan upgraded to buy from hold at aue us research. the analyst says the stock is near an inflion point after years of underperformance. price target now $42. the stock rose 2.5% to $35.14. and natural gas producer cab on th o and gas downgraded from hold to buy at tutor pickerign holt. the analyst citing the valuation following thell price target at $23. shares fell a fraction to $25.64. >>> and still ahead, the

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo.t's a lot like our first day. a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. . mark: newt gingrich, this midterm election, what did it have to do with trump? everything to do with trump? and how historic is this midterm election? >> i think it's a very historic election because i think trump is a very historic, disruptive figure. if at the beginning of the year the great blue wave emerged and they had won the senate and the house, i think trump would have been in real trouble and repudiated. now, i went out on a limb this week and said, loo

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo.t's a lot like our first day. it's not what champions do. it's what champions don't do. they don't back down. they don't settle. and they don't quit... except for cable. cable? oh you can quit cable. because we are cougars and we don't quit!! unless what?!?!?! [team in unison] unless it's cable! quit cable and switch to directv and get the most live sports in4k more for your thing. that's our thing. 1-800-directv billions of problems. dry mouth? parched mouth? cotton mouth? there's a therabreath for you. therabreath oral rinse and lozenges. help relieve dry mouth using natural enzymes to soothe and moisturize. so you can... breathe easy, there's therabreath at walmart. or as bolton referred to them, quoting dictators and despots near our shores. in his speech, the national security advisor detailed the executive order signed by president trump which primarily does two things. it prevents u.s. citizens from involvement in venezuela's gold export trade, the administration believes presid

wells fargo is promising to refund the money. that person -- >> wow. >> -- took off. is that stealing? it's not stealing. >> yikes. >> they gave it to them. >>> well, in sports the stakes just got higher for phil mickelson and tiger woods' upcoming match. the winner gets $9 million but while promoting the match the longtime rivals talked a little smack and made a side bet. >> i'm willing to risk 100,000 that says i birdie the first hole. so that's how good i feel heading into this match. you don't have to take it. you don't have to take it at all but i'm going to throw that out there. >> hold on, hold on. so you think you can make birdie on the first hole. >> i know i'm going to make birdie on the first hole. >> double it. >> did you see how i baited him like that? yes! >> we'll see who has to pony up the cash. the mah will cost $20 paper-view "the pulse," america's favorite side dishes for thanksgiving. >>> also ahead, the story of a hockey fan who went to the game looking for an organ donor and found one. >>> plus, we'll show you the forklift driver who had a really

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo.e our first day. >>> the oldest of the victims murdered at the synagogue in pittsburgh will be laid to rest today. 97-year-old rose mallinger was a beloved mother, grandmother, and great-grandmother. she will be remembered as a vibrant woman who loved her family. her visitation is set to begin a few minutes from now followed by a funeral service. meanwhile, a new campaign is asking americans of all faiths to visit synagogues for the shabbat, the sabbath services tonight, or tomorrow. organizers of the show up for shabbat say it's meant to be a show of strength and love against hate. i would say we need that. >> we certainly do. thank you all for being with us all week. i'm poppy harlow. >> i'm jim sciutto. "at this hour" with kate bolduan starts right now. >>> hello, everyone. i'm kate bolduan. with four days to go until the midterm elections, president trump could be trying to sell success. instead, he's selling fear. the president would rather paint a bleak dooms day scenario, not ba

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo.ike our first day. we really pride ourselvesglass, on making it easy to get your windshield fixed. with safelite, you can see exactly when we'll be there. saving you time for what you love most. >> kids: whoa! >> kids vo: ♪ safelite repair, safelite replace ♪ >>> tonight, there are shocking new details and many unanswered questions about the killing of the imprisoned former mob boss, fbi informant fugitive whitey bulger. he was murdered inside a federal prison. >> wolf, looks like he was murdered in a ferocious way in that prison. we have new information on what took place inside the facility and on a possible suspect. new information indicating boston's most notorious crime boss was targeted in prison. "new york times" cites law enforcement officials saying he was in a wheelchair when attacked at hazelton prison in west virginia, that he was beaten beyond recognition with a padlock stuck inside a sock. citing a source not directly to the case, reports his eyes appear to have been disl

wells fargo has something to worry about when it comes to democrats. maxine waters will likely be the next chairwoman of the house financial services committee. here she is on bloomberg saying she's eager to talk to wells fargo. >> so, we're going to talk about that. we're going to meet with them. we're going to understand what's going on. >> now, keep in mind, when the presumptive chairwoman of the house financial services committee says she wants to talk to you, she's likely meaning in a congressional hearing under oath. it's like when the school principal wants to talk to you. it's almost never good news. >> you usually want to go the other way. >> exactly. >> thanks, scott. >>> so, you might want to start booking your holiday travel plans now because more people are expected to fly this year. a new study from the travel site airfare watch say they are waiting to buy tickets. >> airfare experts warn, the wait could cost travelers a lot more this year. they recommend travelers do their homework and start booking those trips soon. >> we're off to pari

wells fargo has something to worry about when it comes to democrats. maxine waters will likely be the next chairwoman of the house financial services committee. here she is on bloomberg saying she's eager to talk to wells fargo. >> so, we're going to talk about that. we're going to meet with them. we're going to understand what's going on. >> keep in mind, when the presumptive chairwoman of the house financial services committee says she wants to talk to you, she likely means in a congressional hearing and under oath. other news, meet elon musk's new boss. she's robin delhomme, the new chairwoman of the board at tesla. musk was forced to step down from that role as part of a settlement with the securities and exchange commission. delhomme has been on the board for a while. musk still wields considerable power. he's not the founder. he's not the ceo anymore. he dropped that title as well. that said, nobody is immune to getting fired in silicon valley. i will give you case in point. steve jobs who, remember, hired the guy who ended up firing him about a

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo.t like our first day. ♪ ♪ -whoops -sorry! ♪ ♪ >>> all right. one of the hot races that wasn't supposed to be a hot race is happening here in western new york. you have the incumbent republican congressman john faso. he's going against a guy named antonio delgado. newcomer to politics, a big resume. john faso was saying in a campaign ad, it's not from his campaign but not something he's rejecting either, you have to see delgado for what he was when he was a rapper a decade ago, and here's some of the music in the ad. >> [ bleep ], [ bleep ]. >> i'm an attorney fighting for what's fair and just. ♪ having sex to a porno flick -- >> we owe it to our country to restore -- ♪ ♪ >> all right. we have congressman john faso joining us now. congressman, appreciate you doing this. >> thank you, chris. nice to be with you. >> i drew the distinction there. the ad doesn't come from you, it comes from one of the republican congressional committees. but you haven't denied it. in fact, you often argue w

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo. e our first day. you've worked so hard to (huachieve so much. perhaps it's time to partner with someone who knows you well enough to understand what your wealth is really for. >>> this is america. throw a rock and it might as well be a rifle. that is the word from our president. >> when they throw rocks like they did at the mexico military and police. i say, consider it a rifle. >> he's talking about the migrants. that was the president's message. look, we've seen what's happening with the migrants. we know there's a potential for conflict. what do we do about it, and what's the right way to think about it. founder and ceo of the iraq and afghanistan veterans of america. and iraq war veteran. thank you so much. perfect gift to the audience, you know the military, the politics. the reality. i'm worried about the fighting men and women being put in the position. 15,000 active duty troops. obama/bush national guard, they called him up, work with the governors. this would be different. tha

we tell what you he said and later chris harvey of wells fargo says a monster rally is coming he says why is hebuying nanosecond over fist to year end. end. much daddy, mommy's on the phone! ♪ hi! mor how are you guys? at&t proudly offers wireless and tv discounts to military, veterans, first responders and their families. visit att.com/hero. after this here are the facts.leading attacks against prop c. the city's chief economist says prop c will "reduce homelessness" by creating affordable housing, expanding mental-health services, and providing clean restrooms and safe shelters with independent oversight, open books, and strict accountability measures to make sure every penny goes to solving our homeless crisis. vote yes on c. endorsed by the democratic party, nancy pelosi, and dianne feinstein. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> welcome back to "f

an overdraft forgiveness feature, only from wells fargo. it's a new day at wells fargo.like our first day. ♪ ♪ ♪ ♪ comfort. what we deliver by delivering. ♪ when i first came to ocean bay, what i saw was despair. i knew something had to be done. hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ >>> all right. one of the hot races that wasn't supposed to be a hot race is happening here in western new york. you have the incumbent republican congressman john faso. he's going against a guy named antonio delgado. newcomer to politics, a big resume. john faso was saying in a campaign ad, it's not from his campaign

wells fargo housing market index is the lowest reading since august of 2016, but anything above 50 isve. the index stood at 69 in november of last year and hit a cyclical high of 74 last december the drop is way off expectations of a one-point decline rising interest rates weakening affordability significantly and the chief economist said in the release they are causing demand to stall of the index's three components, current sales conditions fell seven points to 67 sales expectations in the next six months dropped ten points to 65 and buyer traffic registered an 8-point drop. buyer traffic had broken out of negative but it's back in there solidly. on a three-month moving average sentiment is up in the northeast and has fallen most sharply in the west all of these numbers are on cnbc.com right now. back to you guys. >> we'll get more housing data including existing home sales and discussion mike santoli about after negative news out of kbh last week the overall home builder etf still above the october lows. >> but maybe one-third off of its highs so it's been beating down home builder

that was lyle fitterer at wells fargo asset management. guy: thank you very much.s is bloomberg. ♪ guy: live from london, i am guy johnson. i am vonnie quinn. this is "bloomberg markets." where moments away from oil inventories from the doe. we expect a builder nearly 600,000 barrels. that would be the 10th consecutive build. nine weeks of increasing inventory. oil has declined 20% in the last month. this as supply increases, sanctions are wavered and so on. barrels -- 3.58 million barrels of build. that is seeing oil declined further. trading out in the $50 handle. it kind ofventories, 764,000 barrels. distillate inventory showed a major build, 2.6 million barrels. refinery utilization was well off, 2.9%. the 10th week of builds in inventory in the oil market putting further pressure on the price. guy: it will be interesting to -- to see what happens at the g20. california's wildfire is 100% contained. it could be months before the fire is extinguished. insurers now face billions of dollars in damages. joachim wenning joins us now on the set in london. idea what t

the wells fargo securities had of rate strategies coming to us out of hong kong.s more to come on daybreak asia. this is bloomberg. ♪ mberg. ♪ shery: let's get a check of business flash headlines. rita's capital and elliott management are close to a deal $135quire athenahealth for per share. the all caps transaction could be announced next monday. athenahealth shares closed around $120 friday. it is valued at $4.9 billion. haidi: volkswagen and ford nearing a framework's agreement to join forces on electric and self driving vehicles. they could see vw invest in ford's partner ai. they could share technology with ford piggybacking onto the tens of billions of dollars the company has committed to battery powered cars. teaming up with companies from asia and europe to bid for a $6.8 billion a high speed rail link connecting the three international airports -- the largest in thai history. the consortium is expected to submit its bid later on monday, including siemens and pacific group. alibabaoming up next, shrugs off local competition to report its best ever singles'

>> we have recently found out about more problems with wells fargo. was a big revelation about the fact that they were creating that consumers did not know about. they were fined for that. thatcreated insurance their clients did not need. now we are finding that there are other fraudulent activities. we will meet with them and understand what is going on. i have told the ceo that i would be happy to meet with him. we will correct those things in the system to the best of our ability that is causing harm to our consumers. we will continue to look at those kinds of activities. you have gone after payday lenders. will you continue to do that as well? >> we certainly will. and automobile title loans. we are talking about products that are devastating and products that are causing the most vulnerable people in our society to have less ability to control their finances. yes, we are going to look at payday loans and these title loans and other kinds of activities that we think deserve to have some oversight. have the challenge of trying to balance the voter

one at wells fargo -- one person at wells fargo had a good analogy that when you have high volatilityor a company stock before an event, this is pretty much the same thing. it is an earnings reports but for a country. once a country. once the volatility event passes, you get a runoff but it is back to normal. it is still the same question people have not been able to answer on how much we are willing to pay for these if we approach in and to the cycle, and we think these things are economically sensitive. the idea that some huge advertisers are economically sensitive, i think we throw that one in the been. alex: i know you will continue to watch the faangs and the rest of the markets going forward for the rest of the year. thank you for joining us. 2018 has been quite the year for tech ipos. could 2019 be even bigger? we discussed the most into -- the most anticipated tech ipos, next. ♪ ♪ >> this is "bloomberg technology." 2018 has been an incredibly strong year for i.p.o.'s especially in the tech center. and in 2019, we could see some of the most high-tech i.p.o.'s dropping hints. jo

. ♪ david rubenstein show is brought to you by wells fargo technology banking.s sevenage person different devices in a business day to communicate. ago, i wasears visiting one of our key customers and they had all the technology under the sun for communication's. they said there's so much technology, why can't it work the way i wanted to work? it was such a powerful moment that we have been focused on seamless communications experiences for the user. ces for the user. david: let's talk about other things you have done in philanthropy. you are very involved in education. michael: when i was in elementary school, only 20% of jobs required a skill. today, whether it is a skill or 80-90% require some sort of skill. when we studied education in the 1970's, what we discovered was was the most educated country in the world. other countries have caught the u.s. and passed. yes, we are the leader in higher ed. as you know as the former trustee of so many of them. what we are strained in many ways in education. we are strained in many ways an education. really the educati

that woman who was a bank executive from wells fargo also automated security screening lanes will be unveiled in san francisco international airport. united airline passengers in terminal three, they'll be used for the new screening equipment, sfo is the first bay area airport to have the advanced screening lanes. they'll improve efficiency and they'll provide better security. sfo officials say the new lanes will be operating in time for holiday travel, they did the give us an exact date when they'll first be used by travellers. >> san mateo county are expanding the emergency alert system. they unanimously agree to automatically enroll everybody in the system. right now 10% of people in the county are signed up to get of individuals you'll have an option of opting out. >>> when people can, they can, now, opt out when they're enrolled, that becomes a game changer. >> san ma thai te'o county is there to approve the legislation and other jurisdictions are considering it. >>> christmas is just 6 weeks away and many parents starting to get those gifts, but a safety advocacy group is sound

someoneure to bring you -- wells fargo security head of the credit strategy.ing a big deal about high-yield spreads, more high-yield than it has been before. does that signal a different kind of -- not crisis or panic, but weakness in equities? >> i think there have been two very big shifts this year, tom, and it really starts with what we've been talking about. driver, andhe key they incentivize investors to move back towards cash -- that has left him money available for everyone else. the march back towards cash is real. -- this is the chart the total bond fund of the , no yieldrtfolio reinvestment, the great on the bull market. george borgwarner genius all through here. then we get into this significant role over. this red circle is an approximation of three years of coupons. that's the death of a bear market. are we in the bond bear market? >> we are in a bond bear market, but there are places to hide, places to protect capital. our central strategy all year long has been focused on front-end, short dated material. you want the highest yield possible at th

it is what wells fargo is to the u.s. it is another and another and another. and deutsche is getting raided by officials >> is it another that the core business is not particularly earning very well right now? it is sort of this as well as all of this other scrutiny >> they will have to work on the turn around plan which has been in place for three years and not doing what it has been expected to do. they will have to deal with a new democratic congress. now here we have this other issue of $150 billion of money laundering >> it feels like you mentioned wells fargo and with you have malaysia bank scandal. they are not out of the woods. >> they are not out of the woods. the thing is be in compliance. have them looking at elements that come up and the crisis may be ten years ago but ramifications are regulators are more aggress ifr today than they were ten years ago >> the share price i think down some 50% year to date. it is not from precrisis and market share at that time. does it make it harder to turn things around? >> i think the thing is there has been and

the lawsuitccused wells fargo and bank of america of predatory mortgage lending. the counties claim the banks are to blame for higher foreclosure rates that are hur county finances. wells k rgo and bof america say the allegations are meritless. >>> authorities arrest people in connection to the killing of an american missionary on a remote island. one big question about his death remains. >> i was nervous that my time was up. >> and a fisherman relives t terrying sharkif >>> the terrifying moment a fisherman almost died. will kraus waspear fishing in the caribbean when a shark charged at the back of hisead and neck. somehow kra survived. the attack., he's tking about kraus's frids quickly pulled him out of the water. he say he was in complete shock and didn't realize what happened. >> i felt a huge impac on my head and my neck.an d so i didn't process that it was a shark bite until i got to the surface. i could see a lot of blood around me that s starting to pool up, so i was nervous that my time was up. >> that is some scary stuff. kraus says thed attack hel put h

wells fargo investment institute president there joining us.oming up next j.d..com is under increasing pressure. lack luster results and weaker guidance to boot. we'll be breaking down the numbers and looking at the takeaways for the chinese consumer. this is bloomberg. ♪ ♪ >> let's get a quick check of the latest business headlines. the widening scandal is threatening to embroil another big name. a whistle blower told danish lawmakers that it is possible that more than half the 230 billion suspect dollars handled bay the bank's astonian unit was funneled through deutsche bank's american -- a so-called correspondent bank for danske's operation in holland. trying to derail the purchase of scheuer, making a last-minute attempt to win support. the group accounts for only about 1% of takata's outstanding shares. this has been a call for an emergency meeting. the acquisition is valued at about $62 billion. >> the smartphone giant reported better than expected earnings. revenue jumped nearly 50% in the third quarter. bloomberg's china correspondent j

. >>> welcome back wells fargo shares have bounced back nearly 5% citigroup thinks there is room to grow because they upgraded to a buy. $60 is the price target. we've made it our "call of the day. what do you think? throwing it out there. who likes this call or doesn't like it? >> i don't like it the industry, and i say why not just own jpmorgan? if you have to choose a stock to own there, it trades at the same valuation price to book, earnings, dividend yield you have the creme de la creme >> i agree for us we want to limit our money and bank exposure. we're diversifying we traded into an exchange and i would rather own jpmorgan. >> jpmorgan is the only bank with a year-to-date change the second best performer among the s&p 100 large financials and i think the market is telling you that it's not a great business overall but you want to be in the higher quality names. and i think going into year end. >> and to your point, that's the same for citi, morgan stanley is down >> goldman is down >> you think about human biases and performance chasing and the human component to investing and yo

kevin: another area of common ground, wells fargo. congressman mchenry: sure.ave been outspoken of how wells fargo is taking a long in treating their customers. a north carolina -- a major footprint in north carolina, but i have been outspoken at this and last -- this congress and last congress on how the active. kevin: what you want to see them do? congressman mchenry: i want them to act responsibly. there is a great legacy here wells, andunion, something has changed, and something is amiss. kevin: one of the areas that could be potentially bipartisan is housing reform. maybe. chairman has released proposals in september with regards to outlining the housing policy. do you agree or would you make changes? congressman mchenry: there is nothing new and housing debate. what policy alternatives we have have all been laid out publicly for at least the last six years. it is a question of the political will from the house and senate to see this through. ago, the federal ago, the federal government nationalized fannie mae and freddie mac. a decade ago. we have to move

gritty was playing in the snow, right outside of the wells fargo center where the flyers played. ight back. knowledge r. >>> well, i can tell you the week ahead forecast will not see huge snow storms, but we will see well below normaler cold air, sauunday through the great lakes and it's in the east again. not snow, but cold for the time of year. >> all right, bill, thanks, we will be back with a christmas favorite. that's actually pretty. surprised? it's called always discreet boutique. it looks and fits like my underwear. i know what you're thinking. how can something this pretty protect? hidden inside is a super absorbent core that quickly turns liquid to gel for incredible protection. i fl. always discreet boutique. new color. new size. new aveeno® cracked skintell you cica ointment. what to wear. with shea butter and triple oat complex. for fast relief and a protective barrier for lasting relief. wear what you love, aveeno®. with advil liqui-gels, what stiff joints? what bad back? advil is... relief that's fast. strength that lasts. you'll ask... what pain? with advil liqui-g

. >> you like wells, wells fargo, because they've had some issues.k those issues -- i mean checking accounts and that kind of thing. >> horrible things >> the problems are being resolved and baked in. over the next year they're going to have better trends and the stock is one of the cheaper in the group. it sells at a premium to the group. the other one has gotten massacred. goldman sachs, going to be a cost to the overseas scandal book value over eight times earnings >> goldman sachs has probably one one of the most under covered stories in the markets ugly, ugly stock chart and it matters for the dow. price weighted index goldman is the fourth highest weighted stock in that index but you're a buyer here. >> we definitely are a buyer you rarely get to buy a great investment bank at book value. these are very, smart guys very profitable. they can pay off any fines or penalties. >> david katz, matrix asset advisors jpmorgan, wells fargo and goldman sachs among others have a great thanksgiving. >> thanks, you, too. >>> let's find out what else you are

chris harvey is from wells fargo. great to have you with us. >> good to be back, melissa. >> 12% high frere here in 2019. >> in 2019 and between now and year end mid-single to high single digits it's not my gosh we're so bullish we can't see the straight the the pain has been created opportunity. the s&p 15, 16 times earning we got here because rates went higher bus people thought the fed was dovish not hawkish and tech and momentum was in weak hands. steve i know you are looking for that ka that is rightic pew and more people washed out but people i talked to are washed out preponderates are now starting to come back down and you're right, oil has gone down 7, 8% today that should keep rates lower in addition to that the fed now has to acknowledge that trade and tariffs are starting to affect prices. there is cost inflation. the supply chain and the economics. that to a did he grow at the marj is dovish. >> janet yellen talked about transitory that's aed word she use used all the time a lot of people think the tariff

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liz: i'm doing the wells fargo store coming up. ashley: you can do that too.s fargo said is accidentally foreclosed on more than 500 homeowners. tell us about that.that. liz: more than they previously reported. 400 individuals were wrongfully foreclosed on, homes taken away from them in new sec filing, wells fargo says you know what? we're wrong. it was 545 homes erroneously closed due to software glitch, 2010, 2015. sidebar. maxine waters named wells fargo one of the financial institutions she is going to take a look at as incoming chair of house financial services. wells fargo, stuart, already paid a billion dollars in fines for various issues and scandals since 2016. here we go again. stuart: that stock has not recovered. often when a stock gets hit a company gets hit by nasty scandal, the stock goes down. they fix the problem. stock goes back up. in this case no. >> no. stuart: maxine waters may have something to do with that lack of recovery. liz: right. stuart: big tech looking to set up shop in new york city. not sure i understand this. google alone add

coming up on the live show, we have the wells fargo analyst chris harvey on, he's going to talk abouthy there's going to be monster rally at the end of the year that's all at the top of the faurs, futures now.cnbc.com. >> we will step away for two minutes and tomorrow back and do final trades what do you look for when you trade? i want free access to research. >> we will step away for two minutes and tomorrow back and do final trades yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ this is a very difficult job. failure is not an option.a. more than half of employees across the country bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to b

talk a little bit about wells fargo. is the time to dip back into equities. >> the best entry points since before the election in 2016. i think the broader message from different strategists, we may be seeing the bottom. we are testing that low we saw in october. the market has to retest these lows. it happens all the time. staying above it is a positive sign. that overriding message, a new volatility regime right now, it may be a good time to buy if you can stomach these consistent swings we have seen. your you can sort of burn password and forget about it for a little while. it is a logical thing to conclude. the big story is this story, theyr officials thinking will posit in the spring on rate hikes. they are data dependent. we have a lot of fed speakers next week. morepefully will get concrete idea of what the thinking of the fed is next week. theink that still is biggest variable about whether or not this is the bottom. let's bring in another voice who thinks the fed is one of the key things to getting back in the m