michael: good going, wells fargo.esn't offer the same fraud protections as credit and debit cards. member that. however, bank regulators say if you are induced by fraud into setting money, a federal law known as regulation e should protect you. if you get caught up in a scam like this, tell your bank about regulation e. if they won't listen, tell me. you can do that by going to abc7news.com/7onyourside, and you can also share any stories about your money and how they are working out for you. dan: as always, great job, michael. coming up, a story not about your money, but about your time, specifically where it is being spent online. plus, -- >> it was around and then can let go and foul off, but then it made a turn. ama: he is describing a shark attack that both he and his dog survived unharmed. dan: now, it is time for the california housing watch, with tips for writing an offer and securing your dream home. >> this california housing watch is sponsored by redfin. >> you find your dream home, now it is time to make an

wells fargo sent us a statement. it didn't really explain what happened here, but it did say our unclaimed property group was able to make the customer whole before the funds were sent to the state. okay. barry's cashiers check was five years old. so here's what we did. we contacted the state treasure. we looked it up online and found that the treasure does not recommend keeping them that long. in fact, it says three years is the benchmark here. cash any cashiers check within three years of the date of issuance, or return them to the bank for reissue. get them again. so if you let a cashier's check sit for longer than three years, remember, the state says a bank might just send that money to unclaimed property. and barry recommends you ask your bank about the terms right when you get a cashiers check. and i agree with you, barry. thanks for sending us your case. if you are having trouble cashing in on, well, anything, i guess, that you've paid for, you're not getting what you think you paid for, let us know. go to nb

joining us now, erik nelson, wells fargo macro strategist. what do you make of some of this renewed dollar strength? it might have caught some people off guard. erik: what really stands out to me, especially in the past week, we have seen a surge in the dollar. the u.k. and europe have been leading global yields. we should be seeing the dollar lower. why is it not lower? commodities are the big story. power prices and natural gas prices are surging globally. it is weighing on the euro and sterling. the u.s. is becoming a net commodity exporter. a lot of liquid natural gas. you have terms of trade being more of a driver of fx. i think this is an underappreciated story and something that will continue to drive dollar strength going forward. jon: there has been so much focus on what fed players have said this week in the commitment to higher rates. there has been an emphasis with what is happening with the u.s. economy today. weakening gas prices is a near help to americans. the jobs market data we have seen has stayed relatively strong. the ide

we asked wells fargo to take a second look.e bank let larry deposit his 11 grand. wells fargo sent us a statement saying "our unclaimed property group was able to make the customer whole before the funds were sent to the state." the check was 5 years old. the state's treasurer does not recommend keeping them that long. any cashier's checks within three years of the date of issuance or return them to the bank for reissue. if you have trouble cashing something you paid for give us a call, go to nbcbayarea.com and click the "ponds" option from the main menu or call us, >>> 888-996-tips. next a 13-year-old shot at an oakland school leaving parents scrambling to get to campus. >>> one woman has died and two others are still at a hospital after this a senior care facility gave them dish washing liquid instead of juice. up ahead we'll tell you why one woman claims negligence at this facility is not a first. stay with us. you're watching "today in the you're watching "today in the bay."yo ghu miret alknady thow roat p tp 27 aaxesegnd r

ike borechow of wells fargo. buybacks and investor shares popping on paypal's deep transformation plan and the details after this quick break and a check on the markets with the dow up more now than 400 points we are rallying this afternoon we'll be right back. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. (dad) we have to tell everyone that we just switched to verizon's new welcome unlimited plan, for just $30. (daughter) i've already told everyone! (cool guy) $30...that's awesome. (mom) it's their best unlimited price ever. (woman) for $30 a line, i'm switching now. (vo) the network you want. the price you love. only from verizon. - hiring is step one when it comes to our

asegura que el mismo auto que usaron para robarla y el mismo que volvió a ver cuando regresó a wells fargotidas ocasiones solicitando una entrevista sobre los casos anteriores pero no han accedido >>> en repetidas ocasiones incluyendo el viernes volvimos a contactar con wells fargo, hoy no nos contestaron. finalmente hablé con uno de los detectives del caso y asegura que la investigación sigue activa en todos los casos incluyendo el de yolanda. >>> con dos trabajos, uno limpiando casas y el otro cuidando niños yolanda intenta recuperar el dinero perdido. >>> aquí hubiera llegado a la casa. >>> desde vallejos, soy xiomara lópez, telemundo 42 >>> si de algo, comuníquese con la policía de vallejos si tiene algún tipo de información de los casos que pueda ayudarle a capturar los sospechosos y también puede contactarnos a través de redes sociales telemundo 48 o puede llamarnos al número en pantalla. >>> la policía de san josé confirmó el arresto de dos personas involucradas en el homicidio de cornejo que fue baleado el pasado 5 de julio, en el supermercado en pantalla donde trabajaba. uno de el

i think it has room to run. >> do i take a sip of well fargo?o wells fargo in my eye any way more of round of twos. [ inaudible and now relative the characteristics that are available. there is this -- [ inaudible and it too has ricocheted more than the market so things like this, while they're high risk, they are high reward they're so far below trend and the question is are ther bounces finished where as many stocks, i think, have expended too much energy. something on disney, i don't think so >> why has disney been s punished, carter >> well, this has nothing to d with charts. but two things, one, of course you're not operating the business that you want t operate during the pandemic. >> right >> and then they took on a mountain of debt a mountain of debt >> in the fox acquisition? >> and just yes. so that is a retardant of growth, right and so is it always foreve going to have a lower multiple than the great disney of years going by probably >> carter worth, thank you ver much for the full results of th stock screener with all th names that

let us bring in paul christopher, head of the wells fargo investment institute. we saw u.s.quities close out the week as we stand on the cost of a new trading day, would -- which sectors are looking most vulnerable to you? >> they enjoyed themselves in this rally, primarily small caps and a lot of the cyclicals, those are the ones you need to have had, we are going to go back down below 4000 here and in short order. this is where you want to emphasize quality, from cyclicals into quality. paul: kathleen mentioned a moment ago one thing that all of the fit officials agreed on that there is more tightening to come. how much more tightening do you see coming down? >> we take the fight at their word. the short speech by powell was intended to communicate a point very clearly that was misunderstood at the july meeting. the july meeting gave the impression we would get back to a neutral right, we will let things go, that is not what the fed has been saying. they know that they have to break the back of inflation, rates move up aggressively and will be held there. the pivot is not

yvonne: thank you so much for joining us, mandy wan from wells fargo, joining us on what to expect fromon hole. rishaad: we have russian president vladimir putin ordering his military to increase troop numbers by 137,000. he did not explain in the decree whether that would happen via draft or finding more volunteer soldiers. pakistan's former prime minister imran khan has been granted preemptive bail that bars him from a rest until september. he is facing a complaint over comments made against a judge, during a speech last weekend. he has been drawing huge clouds to his rallies since being ousted from power in a no-confidence vote back in april. a judge in florida ordered the justice department to release isredacted version of the affidavit laying out the government's case to search trump's mar-a-lago home. the judge accepted the doj's request to keep secret the identities of witnesses, law enforcement agents, grand jury information, as well as other sensitive data. the doj has until friday to file that document. novak djokovic who is unvaccinated, said he will not compete in the u.s. o

. >> they spotted the van in this wells fargo parking lot. faces charges of auto theft, possession of paraphernalia, and outstanding warrants in four different cities. they will have to find another way to help transport jeffrey. >> we can't go anywhere with him. so we've been shopping for a new one. >> word of a new drug trial that some believe will be a game changer when it comes to monkeypox. the research team in the uk testing the drug to see if it works on monkeypox patients who aren't that sick. the monkeypox vaccine reduces risk of infection. this would treat an infection, shortening the course of the disease. >> it works really on the envelope of the virus. so the virus can't infect another cell. >> researchers are hoping to have results by the end of the year. san francisco public health says it is getting another 1600 miles or 8000 doses and will just keep administering them until it runs out of supply again. >>> in san francisco, nancy pelosi had an important message. at the southeast family health center clinic, she outlined the a

this morning, they spotted that van in a wells fargo parking lot. the family says the van is trashed. >> the wheelchair lift was removed. it smelled really strong at something. once we opened it, we realized they painted the inside of all the windows. all you have to do is pull the curtains. >> police say they also arrested a man nearby who they believed was drying the -- driving the van. also had four outstanding warrants from four different cities. >>> a dramatic scene on the south bay highway, a charter bus catches fire, just before 1:00 this afternoon. aftermath is the firefighters major the planes with completely out. >>> a prehistoric discovery, hiding underwater for millions of years at a u.s. park. we will tell you where and what was discovered. how long these dinosaur tracks have been there. >> a live look inside rockefeller center. lester holt getting ready for nightly news. that the answer to fighting alcohol addiction come from a mind altering mushroom? a game in order for small businesses to thrive, they need to be smart. efficient. agi

sarah house joins us now, senior economist at wells fargo.t is the difference between average hourly earnings and eci earnings? help our audience with this. sarah: sure. there are the average hourly earnings numbers. they come from the household survey. so they are more timely than the employment cost index, the employment cost index is fixed for composition, and importantly it includes benefits, which is about 30% of labor costs for employers. the more you look at the overall total costs for employment and wage pressures and the inflation pressures stemming from the labor market. two different surveys, two different methodologies. tom: beautifully explain. what did they indicate right now? do they suggest an being -- ebbing in wage pressures? sarah: wage pressures are easing, more so in the average hourly earnings numbers, which we will see today. i think if you look at the overall rate, they are still pointing to a labor market that remains very strong and is contributing to above-target inflation. if you look at the eci for the second quar

kumasi: in vallejo, and mother and daughter were robbed after leaving a wells fargo bank. yolanda works hard cleaning comes the last week she said her daughter took out $2400 in cash so they could pay their rent. when they left wells fargo, they stopped at an rv park not knowing someone was following them. 30 footage shows two people rummaging through guerrero's car. she is now trying to make that money back. reggie: new developments from san jose. police have arrested a fifth suspect related to a string of home invasions. israel mejia is charged with burglary, false imprisonment, and home invasion. he and the other suspects could be tied to other crimes. abc7news has followed the alleged trail of crimes. in june, an elderly couple was robbed and assaulted. the same day, a father and his toddler were held at gunpoint as the father was forced to withdraw money from the state -- from his bank account. kumasi: south san francisco is making a harder for thieves to steal catalytic converters. anyone caught with a catalytic converter faces a fine up to $1000 and six months in ja

tom: wells fargo tempting -- dipping toward more robust as well., stay with us, this is bloomberg.. tom: good morning, bloomberg surveillance, i want to get into this check because we want to get to greg peters as quick as we can. futures -10, -16. a break from a flat level down to some deterioration. there was a headline out of the shutdown of the massive pipeline in southern russia. over parts of belarus and ukraine, it did move to oil. $98, brent crude. there's no question. the dollar not giving me much action this morning. the bond market, which we will get to any moment. -45 basis points which is extra narrow. on the equity space, here is the bonds expert. lisa: i've been watching one area with close attention. semiconductor is harsh. we have been talking about a time when we are talking about the resilience of apple and big tech, the lack of demand for personal computers to other devices. almost 4% ahead of the open, 2.1%. on the flipside, you can find the optimism, all the optimism you want because why? i don't know? it is revenge of the mem

i'm with wells fargo mortgage, a sheesh. i guess it's a good start. we need to perfect my done. the most convenient for you. be good. you can keep it and possibly me other than any miles on that just spoke to him. you take it off of your machine is going to do so when you might to the concert. he said he wasn't surprised. and you paid 10 years on you, but you will be witnessed by that time, alexandra kosky had already quit the alpha special group. he was among the 1st to begin gathering self defense militia groups. i, i hm. mm. mm mm mm. with both with just when you go to school, when you get over, i'm a little bit. i see little more now. we're going to the resource, but i'm still on them, but you to where you estimated to calling you from nobody media a controlled run. your vin is all, but i will so much millennium she me. yep. also, when you do linear with, when you, when you those letters do the nick told them he does put, you know, our coordination with on the, in progress he's good was me. told them people who will it for him to over to them about food for the party oversig

tom: got to go to franchise, wells fargo -- wells fargo economics.ive us an update on housing inflation and rental inflation in america. jay: the way that enters into the gdp numbers or seeping -- cpi numbers, it comes with a long lag. the are seeing softening and house prices, we are starting to see softening in terms of rental prices. that is going to remain coming in with a long lag. that is one of the reasons why we continue to believe the core pce deflator, the core pci index, the year-over-year rates are going to remain relatively elevated. lisa was talking about the core pce deflator earlier. at the end of this year, you are looking at a year-over-year rate of 4.5%. lisa: what does that mean for next year? this is where i think the market would disagree with some and say, it is going to come down quickly, the fed year-over-year comparison affects are going to take effect and you are going to see a real deceleration in inflation. do you agree or are you looking at something much closer, to stickier inflation that the fed could hold rates higher

wells fargo will reinstate than francisco bankuseefforts.mes" reported it was only interviewing non-white and female candidates for positions that were already filled. wells fargo added it's shiftingity guidelines to apply tirement services find people who invest in 401(k) retirement plans say they need $1.7 million to afford retirement. that's significant considering one in four americans have no retirement savings. but it is a decline of $200,000 from the estimate workers gave in last year's survey. >>> inflation and the ongoing effects of the pandemic are cited as likely factors. that's a look at your "moneywatch" headlines. gianna? >>> we're a couple days from outside lands. one of the best times to see some of your favorite musical acts. no better time to launch our new segment "b-sides" with pete mar to discuss everything music. i'm excited for the acts coming up. >> thank god there are no bears at golden gate park. i look forward to the line-up. golden gate park in august, karl the fog rolls in but hometown heroes green day performing

economists at wells fargo estimate the debt release may at between .1 to .3% to inflation. bloomberg in the middle at .2. headline inflationary was 8.5% but falling. stanford researchers say they've discovered that big social networks like facebook and twitter have discovered and removed pro-u.s. accounts. you know how occasionally they'll find accounts that spread russian propaganda or accounts secretly backed by iran. this time it's pro america counts breaking the rules by working together behind the scenes. there's nothing in the rules about being for america on an american social network, but you can't have 100 different accounts you're running secretly together and coordinating to accomplish something. we don't know who it was. presumably it was us, you'd think. but we don't know. >> interesting. >> that's the kind of think that musk was talking about, all those accounts and stuff. >> exactly. apparently we can do it, too. >> thanks, scott. >>> new this morning, instacart will now let you order large items. the new service is called big and bulky. it's promising same d

wells fargo, leaving homes and mortgages and adam neumann, finding a new home we'll take a look at somea few stories that caught our attention leading with apple it's going to start to require corporate employees, i believe right after labor day, to return to work, at least three days a week according to reports last summer the company suggested workers head back to the office a few days a week. covid cases delayed those plans. apple now in person work on tuesdays, thursdays and one other day to be determined it feels like this is going to be -- you can take up to four weeks a year at home. >> that will help. that will probably be a new long-standing part people are really upset about this in general and ziprecruiter made an interesting comment, he said the leverage will go to those people hiring that can offer the remote work. >> 60% want it wholly or part of the time this will be encouraged but not enforced. >> that would be an important wrink wrinkle if you're right. >> i'm seldom right, but never in doubt >> meanwhile, should we talk wework. >> let's talk wework. >> the founder adam

hit target as well because shares are movin higher the stock got an upgrade fro the analyst in wells fargoing the stock to overweight with the price target of 195 from a previous target of 155. analysts there writing tha management is taking decisiv action to protect its pandemic share gains and it is well positioned for a faster recovery than it itself peers wells fargo also writing the are barish on the prospects fo next year that this year's margin misses are one time related. target shares are down about 28%, mike, so far this year. a few bad news surprises too that stock pretty lower. also we got the news fro wal-mart as well so are these one-time issues with inventories or not? >> well they're one time in th sense they're about a moment i time or this phase that we hav been in where everyone got whips on by worrying about shortages too much ordering. this huge drop off in goods, demand all the stuff we know about. but one thing as a part of the upgrade really is the idea tha target in itself didn' necessarily make any uniqu missteps along the way even though they first warned it seem

we know wells fargo 2020, nothing has happened since, right?e bank that nothing has happened. when she goes to try to demonstrate some type of strength, that will mean nothing. i'm not sure what else will happen without allocating resources that right now are busy trying to deal with actual crime that deals with violence. but this is part of the trend we discussed a lot on the show in many cities. squatters are rising, but the enforcement issue is really strong here. there is not a lot of things... be when we don't have enough cops to go out. and they can't rehire so they will have to hire and you never hire a back totality what you lost by defunding. those people are gone. and probably in other cities like states like florida where they gave them five extra $5,000 extra. i see a woman trying to make a little bit of a difference on her own but herself, maybe in harm's way potentially not thinking, you know, this could go south. she wants to get his attention, but that is not going to happen. >> joey: you know, i don't know her intentions and ma

a year with welcome back to wells fargo with a friend in bart, president of the jerusalem institute for strategic studies. professor in bar, one of the proposed gold rush and military operation in your brain. he's the so called cation and i have to say that when i 1st heard this term, it sounded very odd and artificial. i think it was the russian speakers a couple of weeks to even learn how to.

wells fargo once had one of every 3 home loans in the u.s.he nation for colleges are using tiktok to recruit students. visceral says santa college is one that believes this is an effective way to reach potential students and a survey by college pulse says more college students are using social media to find a job and apple could eventually bring more of the apps that come pre-installed on your iphone in other devices, including maps, books and podcast. a bloomberg reports apple is internally tested. search has ads in maps which would display recommendations for restaurants and stores and businesses. and apple is reportedly talking about ads on apple tv. plus as well live from the nasdaq market site. i'm jane king back to james. all right. thank you very much, jane. >> well, crews are working to contain 12 wildfires near california's coastline, and we're all caused by lightning. the 6 rivers complex fire begin on august 6 and burned nearly 17,000 acres on the humble trinity county lines. it's now just 17% contained. and it also prompted severa

we are indeed, all 230,000 employees at wells fargo are honored to have been given this opportunity. i'm sure i had something on my mind when the majority leader came to me but i must have forgot it because to wait some time and not ask for a favor is rare. i am not so good at my job. i want to thank everyone. whether you are here with us in this auditorium or joining us via livestream, today promises to be in a lightning -- and enlightening introduction of mary mcleod bethune and her contribution to america. thank you again to jane campbell for her organization's contribution and partnership in this historic event. the other members of congress, guests, other people celebrating the life of a courageous woman and there are many in this room. let me take a moment of personal privilege, a woman who has had an enormous impact in america, former secretary of labor alexis harmon is here today. -- alexis hermon is here today, someone who has been a force in politics and business. right to see you, madam secretary. -- great to see you, madam secretary. as has been said often, dr. bethune ha

there are probably some special situations like wells fargo that have their own individual catalyst,to blanket say i want to be long financials or ninth yes, i'm not sure that i can get excited about that particular idea. >> before we let you go, just really quickly is it if you're going to go into the bank, is it the money center banks, b of a, jpmorgan, citi, or is it more of the banks as a play steepingning the yield curve? >> if you think the consumer, particularly the bottom half of consumers are very susceptible right now which i do, then have you to believe that the larger banks, the money center banks are going to better weather the storm. they have bigger dividends and can buy back more stock than reasonable falls they should have a little bit more investor support if the market gets rocky so my answer would be yes i own jorg aenchlt i think it's the bank to own if things get tough, and the charm and ceo of the bank thinks that things can get tough here so they are already preparing for it. >> thanks the financials trade stick with us here on "the halftime report. "mike sant

applying for car loans, mortgages and credit cards to the banks and lenders including jp morgan chase, wells fargo. consumers were offered more results in their application being rejected. equifax says it fixed the error caused by a software coding glitch. they keep credit reports on 200 million u.s. consumers, guys. >> that's a mistake but sticks with people. i don't trust it gets purged from the system altogether. really unfortunate. >> i know. that's what i was thinking too, yeah. >> thank you. >>> all right local shops are feeling the brunt of the rise of inflation. ahead on today in the bay, the reason one bay area shop owner says customers will also have to pay for that rising cost of products. we'll be right bac we'll be right bac k. moving forward with node- positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning,... as determined by your doctor when added to hormone therapy. hormone th

they tell us that on that day, they went to a wells fargo in vallejo where they took out about $2400 to pay their rent. after leaving the bank, they stopped at an rv park not knowing they have been followed. once in the leasing office, security footage shows two people accessing their car and stealing their money. >> instead of them working hard to earn the money, they have to steal other people's that actually worked hard. reporter: the financial hit has been huge. her mom is now working two jobs trying to make back everything they lost. >> she wakes up at 5:30, and all the way to 10:00 she takes care of these kids. from 10:00 to 5:30 or 6:00, she cleans houses. reporter: they are speaking out not just to make their stories heard but also to warn others so that they don't become victims. after the robbery, her mom filed a police report with vallejo pd. nothing has come of that yet. the pair tell abc7news they've heard of other latino families in vallejo who have also been followed and robbed in a similar fashion. the police say they can't confirm that any suspect was targeting a spe

welcome back to wells fargo with charles corruption, senior fellow at the council for foreign relations and professor of international affairs at georgetown university. for his a question before they break, you mentioned that it was a false premise of mine to suggest that, you know, nato was militarize in ukraine than ever presented any military to russian. i want to mention 2 points here. before doing this show i was there workers funding and i was on the ground in libya and syria, and it was pretty easy to observe there that you don't need to heavily on the entire population. the entire country to destabilize it. you know, it takes, you know, only a small minority to wreak, care, rushes, history itself is, is a good example of that. and the 2nd point is that i'm sure you're following the munich security conference that said top security conference in the, in the west. and it was at that conference that president allows you earlier this year, openly talk about acquiring the idea of acquiring nuclear weapons. and no one in the audience or no one in western capitals said anything to that

ah ah mm mm mm and welcome to wells fargo, is one thing in common between the russians and the americans. it is a deep seated believe that the passage of time reveals the moral truth from st. augustan to martin luther king from president obama to president putin. and now present by them, they all have associated themselves and that causes with the right side of history . but is the divide between good and evil. indeed, so stark and irreconcilable, well discussed. i'm now joined by charles corruption senior fellow at the council on foreign relations and professor of international affairs at georgetown university professor captain. it's very rare treat for me these days to speak to western i experts for form, officials like yourself. i'm very, very grateful for this opportunity, but i also have to ask you, why did you decide to talk to our team given the and you know, the potential academic and professional repercussions that you may face. well, i'm some one who believes that we should keep the corridors of communication, even as the relationship between russia and the united states gets w

they tell us that on that day, they went to a wells fargo in vallejo where they took out about $2400 in cash to pay their rent. after leaving the bank, they stopped at an rv park not knowing they have been followed. once in the leasing office, security footage shows two people accessing their car and stealing their money. >> instead of them working hard to earn the money, they have to steal other people's that actually worked hard. reporter: the financial hit has been huge. her mom is now working two jobs trying to make back everything they lost. >> she wakes up at 5:30, and all the way to 10:00 she takes care of these kids. from 10:00 to 5:30 or 6:00, she cleans houses. reporter: they are speaking out not just to make their stories heard but also to warn others so that they don't become victims. after the robbery, her mom filed a police report with vallejo pd. nothing has come of that yet. the pair tell abc7news they've heard of other latino families in vallejo who have also been followed and robbed in a similar fashion. the police say they can't confirm that any suspect was targeti

ah, with ah hello and welcome to wells fargo is one thing in common between the russians and the americans. it is a deep seated believe that the passage of time reveals the moral truth from st. augustan to martin luther king from president obama to president putin. and now present by them. they all have associated themselves and that causes with their right side of history. but is the divide between good and evil. indeed, so stark and irreconcilable, well discussed. i'm now joined by charles corruption senior fellow. 1 at the council of foreign relations and professor of international affairs at georgetown university professor captain, it's very rare treat for me these days to speak to western are experts for form officials like yourself. i'm very, very grateful for this opportunity. but i also have to ask you what.

spoke neck, even our video agency, roughly all band on youtube and with me ah ah, i welcome back to wells fargo with a former indian army officer and the editor of force, and he was magazine mr. haney before the break, we were talking about the fact that the doctrine of nato and the american security of doctrine is largely based on deterrence. which is essentially an idea that any country will be able to take any insight from the americans. because the fear of the american once would be larger. and as you said, i was rushing ukraine. it didn't work. and you also mentioned that other countries are watching, but do you think they're just watching or do you think the that practical stop the way they conducted their foreign policy or security policy may change as a result of what they're observing in this wider clash between russia and native because there are some, are some fight on the ground, but there is also much bigger unseen clash between these giants happening. so you see my assessment is that the credibility of chinese has gone up in the region. why is he that is because the french preside

we'll be back in the top of the hour with, well a with welcome to wells fargo and own russian saying has it that once you have a reason finding a pretext is only a matter of time, including finding a pretext for a war. the animosity between russia and the united states has been building for a number of years. in fact, one could argue that it never really disappeared, just diminished with the end of the cold war. how far can the current conflict over ukraine take it, and what does it mean for the rest of the world? to discuss it, i'm now joined by what is id, professor of political communications at the university of tech, ron professor. his id is great to talk to you. thank you very much for your time. thank you for having. now, in one of your recent articles, you suggested that they said you political rivalry over your grade that the all and now observing and some, or even participating in just like the problem of iran. suppose that malicious nuclear intention is essentially an artificial problem. it was deliberately created by the americans to justify their intentional geopolitical

. >> it just reached a point that that makes and make a decision to hold up the a wells fargo bank.i'm trying to claim back is 800 a night whose daughters from the face. it's a very intense, intense meeting. >> fraud was cormitted at the age. don't want kept from. that has a problem much release won noble. i everybody to see what's happening here. i need to find trucks 2 news cameras. you have my undivided was a very, very reactive movie. >> we have preplanned kind motions for how the cart is looking at. we're going to respond to so that was spent atm. and that will be little bit much. >> what the lobby to to get be brought down. they could. >> breaking is in theaters now with your entertainment report. i'm doug kolk. for 52 will be right back. after my car accident, i wondered what my case was worth. so i called the barnes firm. i'm rich barnes. is your accident case worth more than insurance offered? call the barnes firm now to find out. you might be surprised. >> 5.54. we may be talking triple digit heat but a favorite fall beverage is back at starbucks menus. the pumpkin spice l

ah ah ah ah ah with ah mm mm mm hello, welcome to wells fargo is one thing in common between the russians and the americans. it is a deep seated believe that the passage of time reveals the moral truth from faith and got them to martin luther king from president obama to president putin. and now present by them. they all have a sole c.

wells fargo is planning to shrink this higher which once turned out one of every three u.s.o say the bank leadership may begin the retreat by reviewing highs, they generated roughly one third lester. management has increased its holdings following a sharp rally in recent weeks. according to revenues filing, they also added a new $28 million position and tesla. they managed more than $28 billion. >> we are watching the chinese stocks. they announced they would be delisting from the u.s. and these are some of the biggest drives we are seeing on the hsi here. here are some of these stocks as well. what other companies might follow them as well. in terms of movers, we are watching the likes of orient overseas and the downgrade from hsbc. this is millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most recommended wireless carrier. that's a whole lot of happy campers out there. and it's never too late to join them. get $

welcome to wells fargo. it's hard to find a more discouraged them yet thompson.

coming up in the next hour, wells fargo institute's global strategist shares his views on the micro economyts and we take the in-depth look at the u.s. chip bill with keith krach. we will keep our eye on this cpi in the u.s. on wednesday and get ready for the big china cpi report in the next couple of hours. that is it for daybreak australia, daybreak asia is next. this is a bloomberg. ♪ heidi:

obviously anybody hays watching this would say of course let's transfer to it the zero percent wells fargo4% or 16% interest rate, what do they need to get that zero percent. i don't think people can just switch over. i think we all would do that. is there a certain level of credit worthiness for someone to get that zero percent? >> that's a great question. that's one of the big misconceptions. you actually need good or excellent credit to qualify for balance transfer credit cards. we're seeing one in six americans tapping into the buy now pay letter features that are part of credit card as well. they charge interest but they're more transparent than some of the other options out there. dagen: tim, thank you for being here this morning. great insight, great information. we'll see you again soon. ken and patrice, sit right there. the next hour of "mornings with maria" starts right now. ♪ dagen: good morning, i'm dagen mcdowell, in for maria bartiromo. it's wednesday, august 17th. your top stories at 7:00 a.m. eastern. pushing ahead in the primaries, wyoming congresswoman liz cheney defeated

haidi: wells fargo planning to shrink its mortgage empire, which what -- once -- sources say the bank'sp may begin the retreat by -- outside the mortgage firm. that generated roughly one third of its $205 billion in new home loans last year. the strategy shift follows changes in the -- and years of costly revelatory scrutiny. -- bond management has increased its holding a big tech stocks following a sharp rally. according to a record tory filing, george soros's firm bolstered stakes in amazon and alphabet. adding a new $20 million position in test lab. the billionaire philanthropist investment firm manage more than 28 billion dollars as of the start of 2022. chinese developers receiving a -- loan which would potentially alleviate market concern about liquidity. a source says the company has reached an agreement to sign a contract for the loan with state owned and foreign banks as early as this week. the world's largest managers including blackrock and state street reportedly cutting pay and taking other steps to rein in costs. blackrock plans to postpone hiring for more senior roles. pa

why wells fargo does not see if it -- inflation falling as fast as the economy and how investors shouldt their portfolios in the material space. daybreak asia is next. this is bloomberg. ♪ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. >> your "bloomberg daybreak: asia," that's coming to you live from new york, city, hong kong we are counting down to the market open. a downbeat mood ahead, opening up

we are picking up shares of wells fargo because the regular -- very little of that trade exposure that i don't like at all. by the way, 62 in the first week. 2018. or you can by morgan stanley. invest in a bank -- some risk that the transactions are on freeze -- my partner. that will be great for morgan stanley. i listen to him and i give it to you. another benefit of these inflation numbers, they inflate assets that would be troubled if the fed kept raising rates at such a rapid rate and morgan stanley gets a little piece of that. what else? i am a fan of hewitt oil. like pioneer natural. we had devon once walking the street. he pulled a compelling story on a 10% yield. 7.5% after the interview and we brought it to the attention of club members of the investing club because i had -- for a very long time. i was very disappointed in the performance of tech stocks today. things have been on a tear after getting -- put in hard fought -- that said i think the market will let you into the best ones and better prices. here's my list of what you should buy if tech goes down again tomorrow. fi

wells fargo downgraded shares. virgin galactic down 14.5%.is as their commercial flights to space have been delayed. some are concerned about the cash. there is a 26% short interest on the shares of virgin galactic. as for yields, bonds, let's take a look. it is interesting. of course on this monster jobs report, the idea that the economy is superhot. now have a strong likelihood that the fed or markets, investors pricing in the likelihood that in september the rate hike will be 75 basis points. that would be the third in a row. i believe two was the most on record. so this will be a historic moment. there are two cpi prints between now and then. finally, it is hard not to notice the huge surge in yields, that it is happening at the short end. that means we are looking at the most inverted yield curve going all the way back to 2020 excuse me 2000, august 2000, at around 40 basis points. guy, as you know, historically nine, 24 months after this inversion, a recession comes. a lot of people are walking back the recession calls. guy: earlier on,

congressman, we've got wells fargo senior economist tim quinoline saying it feels like we're in a recession and tens of millions of blue collar and joe the plumber worker are not going to be excluded but going to have to pay higher taxes. a recent student loan debt isn't free. more democrats are opposed and axios reporting the education department is not ready to handle this. is that true? >> of course it's true because how did we get in $1.7 trillion of student loan debt? it was president obama trying to pay for obama care that suddenly we don't do any underwriting. we just give this money away. with which makes education inflation higher than healthcare inflation. it means that the government is in conspiracy with bad student aid offices essentially like predatory lenders and now they're fostering the debt relief on the abacks of hard working taxpayers and 80% didn't even go to college. it's a false game and immoral and not the way to go about it and plenty of constructive ways to help people pay their college loans back like employment. like working in public service. using it as a recru