of the plaintiffs in a class-action lawsuit against wells fargo. he says he wanted to refinance his home, but he was given the runaround. braxton and other attorneys and plaintiffs say they were discriminated against. >> black people, in particular, were trying to refinance their homes and in they were being approved at a rate of 47%. other banks were improving black americans for refinance at a rate of 71%. white americans at wells fargo were being approved at a rate of 72%. reporter: more than 750 customers may have similar experiences. the former san francisco mayor and ben crump announcing support for the lawsuit where it was filed. >> the first demonstration o housing in san francisco, i conducted. that was more than ago. and you would think that things would have been learned by one of the premier institutions in san francisco. reporter: wells fargo said in a statement, we are confident that we follow enterprise guidelines in our decision-making and or underwriting practices are consistent, regardless of race or ethnicity. these allegations a

bank. >> home ownership is the heart of the american dream, and wells fargo has pushed that dream out of reach for thousands of black and brown americans with their blatant discrimination loan practices. >> reporter: he was joined by former mayor willie brown. >> and these are people who are qualified under the most strict circumstances and evaluations. and have demonstrated their ability to continuously pay. >> if you apply to wells fargo, either because of denials or the length of the process, you've got a 1 in 3 chance of being approved. i started this lawsuit to try to determine why that was the case when it wasn't the case for non-black americans. >> reporter: dennis ellis is interim lead counsel for the case. >> so far in this case, there has been no answer to the data that suggest there was a massive opportunity for minorities to refinance their homes and to gain original home loans at historically low rates, and wells fargo failed them. >> reporter: at today's rally, a handful of homeowners shared their stories and challenges. >> when i had the opportunity to refinance my

and trump planned to announce their support of a lawsuit accusing wells fargo landing in discriminationt by a class action lawsuit last month, accusing it of unjustified delays in processing loan applications and giving less favorable terms to minorities. as fargo has commented about past discrimination claims, saying the bank follows government guidelines and its lending practices are applied consistently consistently, regardless of race or ethnicity . so joining us now with more on this is attorney ben crump and trent copeland, another attorney , as well, gentlemen, thank you so much for joining us this morning. good thank you for having us first of all, uh, benjamin crump here. i wanted to ask you heard what the wells fargo said about applying their loans consistently amongst all groups here in that previous statement linking to that class action lawsuit, what do you have to say to that? well. yeah i'm very honored that mayor willie brown is gonna join us. mhm and fighting for potentially 750,000 , african americans and other minorities across the country who take it section to how w

the agency concluded that wells fargo's illegal conduct led to billions of dollars in financial harmstomers, with thousands of them, even losing homes or cars. in a statement, wells fargo says it is confident that it followed government-sponsored enterprise guidelines regardless of a customer's race or ethnicity, adding that these allegations against wells fargo, a stand in stark contrast to the company's significant and long-term commitment to closing the minority home ownership gap. and we will continue to follow this lawsuit. we'll bring you any updates. hammond can. >> thank you, catherine. in the south bay, the future of an east of san jose daycare center or is up in the air tonight because of reports that show the facility's water is heavily contaminated with lead testing revealed that kid dangle linda vista, centerin the alum rock neighborhood has 120 times the amount of lead legally allowable at a license to daycare have a lead in water can cause serious health issues for anybody who consumes it. according to the epa symptoms for children can include behavior and learning pro

blatant discrimination loan practices. >> wells fargo released a statement to nbc bay area saying in part, "we are confident we follow relevant government-sponsored guidelines," adding that the allegations against wells fargo, quote, stand in stark contrast to the company's significant and long-term commitment to closing the minority home ownership gap. >>> disgracd theranos ceo elizabeth holmes will have to surrender may 30 toth start her 11-year prison sentence. holmes was found guilty of defrauding investors, but so far she's stayed out of custody because her defense team has filed several appeals. yesterday, that process finally came to a halt. we told you about that here. her motion for bail was denied. holmes then requested that she report to prison on may 30th. the court did accept that request, saying that she must show up on that date by 2:00 p.m. >>> the wide receiver against tiktok went to another level this afternoon. montana is now the first state to completely ban the use of the app. so this isn't just the government officials, this is for everyone in that state. so for

. >>> wells fargo facing legal action, how some say the bank kept minorities from their dreams of having a home. >>> plus, great views but see how the snowmelt could put a damper on a lot of our summer plans in yosemite. >>> typical early summer weather pattern across the bay area with the fog >>> welcome back everybody, the former san francisco mayor is taking legal action against wells fargo and he is not alone. according to a complaint we obtained, black people and other minorities that applied for home loans were intentionally denied or faced unjustifiable delays. specifically, during the covid pandemic, attorney benjamin crump said this may have affected 750,000 people of color across the united states. >> homeownership is the heart of the american dream and wells fargo has pushed the dream out of reach for thousands of black and brown americans with their blatant discrimination loan practices. >> to that announcement comes a day after wells fargo agreed to pay shareholders $1 billion to settle a class action lawsuit. investors claimed the bank had not been honest about his progress

wells fargo systematically denied black americans and other minorities mortgages, charged them higher interest rates, refused to invest in their business practices -- >> wells fargo denied the allegations. it released this statement saying the claims "stand in stark contrast to the company's significant and long-term commitment to closing the minority home ownership gap." >>> a legal battle in the fight over pulling an abortion pill off shelves. the pill, mifepristone, was first approved for the u.s. in 2000 and more than 5 million people, women, have used it. after the overturn of roe v. wade, several states began passing sweeping abortion bans, including bans on that particular pill. the court must decide whether to leave the pill on store shelves or pull it while the case makes its way through the courts. the decision is expected in a matter of weeks. >>> they're back on. we're talking about plans for a restaurant by the famous chef jose andris. he started a restaurant in 2019. 2023, a new city policy went into effect which requires construction be all electric. the problem for and

but he said wells fargo wouldn't give him access to lower interest rates.ers received because he's black. and his home is in a historically black neighborhood in l a because to them discrimination is big business. and manipulation in isolation is one of the greatest weapons. fargo has denied racist lending practices and issued a statement in response, saying, quote we are confident that we follow relevant government sponsored enterprise guidelines in our decision making and that our underwriting practices are consistently applied regardless of a customer's race or ethnicity. attorneys in the case are due back in court on may 25th in san francisco. evan sernoffsky ktvu, fox two news. coming up after the break. the fate of people's park in berkeley will be decided by the state supreme court, plus we need safe classrooms for every student and educator. educators rallying in the south bay, saying a lack of staffing has led to dangerous situations their message and demands next information emerging about a california doctor accused of intentionally driving his f

bank and how wells fargo is responding. also ahead. tonight we're hearing from san mateo counties district attorney about a botched medical procedure inside of burlingame hotel room. against fargo to say wells fargo horn home mortgage discriminated against black people and other minority applicants. ktvu is evan sernoffsky has the story. today. we're fighting. the 21st century. battle and civil rights. which is one of economic justice, civil rights attorney ben crump on wednesday, announcing a potentially massive class action lawsuit against wells fargo, home mortgage discrimination and banking. against black and brown people. is inherently un american. the suit claims the bank disproportionately denied applications or gave less favorable terms to black people and other minorities. it could affect up to 750,000 people across the country. this was a difference between about 7. interest rate and a tow percent it just right for white seven for blacks. it's time that we collectively say enough is enough, braxton said. he has ste

that complaint alleges that wells fargo intentionally denied or unjustifiably delayed home loans for people of color during the pandemic. attorney ben crump says this may have impacted 750,000 applicants all across the united states. >> homeownership is the heart of the american dream. wells fargo has pushed that dream out of reach for thousands of black and brown americans with their blatant discrimination loan practices. >> people earn money and they have worked hard to earn money. they wanted quality homeownership. >> we have reached out to wells fargo for a comment, but have not heard back. >>> a spokesperson for prince harry and meghan markle said the couple was involved in a near catastrophic car chase last night, as they tried to avoid pursuing paparazzi. as michael george reports, it's drawing comparisons to the 1997 car crash that killed harry's mother, princess diana. >> reporter: prince harry, his wife meghan, and their mother stepped out tuesday night in manhattan for the miz foundation women of vision awards. but afterwards they say paparazzi hounded them so much it resu

the agency concluded that wells fargo's illegal conduct led to billions of dollars in financial harmomers, with thousands of them, even losing homes or cars. in a statement, wells fargo says it's confident followed government-sponsored and a prize guidelines regardless of a customer's race or ethnicity, adding that these allegations against wells fargo stand in stark contrast to the company's significant longstanding commitment to closing the minority home ownership gap and we will continue to follow that lawsuit. we will bring you any updates. ken and pam. catherine, thank you. >> walgreens will pay san francisco record-breaking settlement of more than 230 million dollars. that's after the pharmacy giant was found guilty of fueling the opioid epidemic in the city. it is the biggest settlement. any local government has received since the epidemic began. san francisco sued drug drugmakers and distributors in 2018 accusing them of dispensing opioids and failing to investigate suspicious prescriptions. last year a federal judge ruled in the city's favor today. san francisco's city attor

these allegations against wells fargo stand in stark contrast to the company. significant and long-term commitment to closing the minority home ownership gap, end quote. over on the peninsula. palo alto police are investigating after someone ripped down a pride flag at a local church four's rob nesbitt talk with the church leaders about being the target of a hate crime. >> the screws and everything were just ripped out of the law in the 9 years that pastor kate marshall has been with the first lutheran church in palo alto. a pride flag has been flown year-round above the front entrance. she thought it must have fallen by mistake when she saw it lying on the ground thursday. but the damage told her with it made her realize a person was responsible. the disappointment and anger some vulnerability. because it's supposed to represent a safe place. she called the palo alto police department tuesday to report the damage, letting them know that the flag was intact when church service ended on may 7th, meaning the flag was ripped off sometime between then and may 11th

. >>> san francisco-based wells fargo will pay $1 billion to settle a lawsuit. investors claimed wells fargo had not been honest about his progress in cleaning up its practices following a scandal that involved fake accounts. in a statement, wells fargo says it disagrees with the allegations but is pleased to have resolved this matter. a judge, however, still has to approve the settlement. >>> a public defender's office is helping people wipe their criminal slates clean. california passed a first in the nation law last fall that lows almost all old convictions to be permanently cleared from people's records. local politicians and organizers gathered in the city to celebrate. johnson remains a convicted felon for a marijuana charge a long time ago. she has gotten two masters degrees since then but her record remains a roadblock to her dream of being a licensed clinician. >> getting my records sealed today is going to change all of this and i will be able to be more involved in my kids' lives. it will open up all sorts of professional opportunities for me. >> the

we appreciate it former ceo of wells fargo. former ceo of wells fargo. its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morn stanley. i was having relationship issues with my old bank. next to no interest, the fees... it was just take, take, take. so i broke up with bad banking and moved to sofi checking and savings. now i get higher interest, pay no account fees, and get my paycheck two days early. get up to 4.20% apy, pay no account fees, and up to $2m in fdic insurance. download the sofi app and earn up to $250 when you set up direct deposit. sofi get your money right. >>> do not miss a special cnbc event live from omaha, nebraska. mike santoli speaks with thomas russo. head over to cnbc.com at 11:30 a.

these allegations against wells fargo stand-in stark contrast to the company. significant long-term commitment to closing the minority home ownership gap. that's and the court. >> and coming up in your 4 zone forecast, those of you heading out to the sierra. i'm tracking not only a flood watch but also monsoonal moisture. thunderstorms heading your way in the coming days in my full forecast in just a few minutes. stay tuned. >> he opened fire department is adding 35 new firefighters to the team this year. the department is using federal grant more than 27 million dollars to add to the ranks. the money will be used to improve and restore staffing and deployment capabilities within the department. it will also pay for salaries for 3 years. a plan for a new class of 40 fire academy recruits will also start in the fall. verizon is shrinking its offerings for a wireless customers going from 6 unlimited data plan options down to 2. the company also wants to trim costs in the hopes of reducing confusion, it says for consumers and they want to lure back some of the peo

no wells fargo is denying basing their lending practices on race .atement, the bank said, we're confident that we follow relevant government sponsored enterprise guidelines , and our decision makes it making regardless of a customer's race or ethnicity. next thursday, the lawyers in the case will be back in court. teachers in the south bay are rallying to demand safer classrooms. what do we want? we want it now. teachers and their union representatives protested before and during a meeting of the santa clara county board of education. they say they don't feel safe working with some students, including those with severe behavioral issues. demonstrators held a banner with photos showing teacher injuries , including bites and bruises. to be clear. we do not blame the students for anything. the situation is not the student's fault, but instead is a result of management failures to provide appropriate students specific learning training. support and resources, including staff. the school district released a statement which reads in part, quote, student an

as you can see here, capital one and wells fargo, they're both down 4.5%.s is the third banking crisis he's managed through since the '80s and this one is different joining me is chris davis, chairman of davis advisers and a berkshire hathaway board member. chris, great to have you here today. welcome. >> thank you, kelly. glad to be here. >> having weathered bank crises before, does this one give you deja vu that we are living through one all over again, or could you say this is more contained? >> this one is very different in the sense that the last two banking crises were driven by credit that's usually when people think about risk for bank stock investors, i loan and people don't pay me back. in the '80s, it was wildly centered in commercial real estate and then the financial crisis around residential real estate but credit was the focus here it is interest rates. it was losses in the securities portfolio of banks that got crazily aggressive in taking interest rate risks that made no sense. it was transparent the amazing thing is why nobody cared about

wells fargo responding saying in part, quote, his allegations against wells fargo stand in stark contrastcompany significant and long-term commitment to closing the minority home ownership gap. still ahead on the kron 4 morning news, the giants hosting the phillies yesterday. >> we'll have a breakdown and the highlights of our sports director jason dumas right back. >> happening today, the stern grove festival will open reservations for free tickets in just a couple hours. that will start june 18th runs through august. 20th. it's going to be held at sigmund stern grove on 19th avenue, sloat boulevard, jazz, funk, collective snarky puppy will kick off the festival at the concert on june. 18th tickets for that concert open at 10 o'clock this morning to get your tickets. >> well, the lineup for the second portola music festivals also announced and it's the one that's going help here. 80. it's going to last weekend of september. the festival, which is put on by the same company that puts on coachella, has some pretty big acts lined up and they include skrillex labyrinth thundercat major lazer

wells fargo is responding saying in part these allegations against wells fargo center stark contrast to the company's significant and long-term commitment to closing the minority home ownership gap. >> mayors from the bay area and other parts of california are urging governor gavin newsom and state lawmakers to increase funding for homelessness. >> people struggling with mental illness, substance use disorder and san jose. we've been able to deploy those funds to build hundreds of units to get people indoors. >> 13 mayors from the state's largest cities gathered at the state capitol today asking the governor to double his proposed budget for homelessness and housing from a billion dollars in one-time spending to 2 billion dollars in ongoing funding. however, a 32 billion dollar deficit in the budget could make it difficult for the state to fund what the mayors are asking for. the governor says he's in favor of an annual allotment for homelessness, but is unwilling to commit to the mayor's request at this time since 2019, california has invested more than 17 billion dollars into homel

the lawsuit accuses wells fargo of denying loans. nating against minority mortgage applicants during the pandemic. an estimated 3 quarters of a million people could have been impacted. that's according to the lawsuit. >> issue is the heart. well, the american dream and wells fargo has pushed that rage for thousands of black and brown americans where they're playing discrimination loan practices. just we have cried out. our kids, policing practices that kill black people and brown people. so do we wells fargo racially-motivated banking practices that and brown opportunity. >> the plaintiffs are seeking 5 million dollars in damages. prince harry and meghan markle say they were involved in a scary car incident last night in new york city. a spokesperson says the duke and duchess duchess of sussex and her mother were involved in a near catastrophic car chase with paparazzi across manhattan. the pursuit lasted over 2 hours and quote, resulted in multiple near collisions involving other drivers on the road, pedestrians and 2 nypd officers.

but he said wells fargo wouldn't give him access to lower interest rates. because he's black. and his home is in a historically black neighborhood in l a because to them discrimination. is big business. and manipulation in isolation is one of the greatest weapons. fargo has denied racist lending practices and issued a statement in response, saying, quote we are confident that we follow relevant government sponsored enterprise guidelines in our decision making and that our underwriting practices are consistently applied regardless of a customer's race or ethnicity. attorneys in the case are due back in court on may 25th. in san francisco, evan sernoffsky ktvu fox two news, the city of oakland is honoring the late rap artist tupac shakur. the city council unanimously approved a proposal to rename a section of macarthur boulevard tupac shakur way it will be located between grand and van buren avenues. his foundation will pay for commemorative plaques in the area. shakur was born in new york's east harlem and grew up in marin city. but he mentioned in interview

thank you very joining us. >> a class action lawsuit is accusing wells fargo of racism.fs has the story. >> i told him, i will see you. i do not know how i am going to i

i'm lorenzo cordova on the philanthropy and community impact team at wells fargo, and we're thrilled to be here this morning to kick off and celebrate the start of aapi heritage month here in san francisco. there's no denying that the same. francisco is the great city. it is today because of the contributions of our api community past and present. whilst fargo like claudine mentioned has been a steadfast partner of our api community. in fact, it was one of the first california companies to service our chinese customers in their native language. just last year through a partnership with the chinese cultural center of san francisco, we unveiled a community mural where we depicted 12 ap i community heroes, so as you engage in a p i related activities. i invite you to visit the corner of jackson and grant avenue to view this mural. this year. one of the many ways that we're celebrating aapi heritage month is through the sponsorship of the heritage awards at which we will be celebrating these three organizations that work day in and day out to equip our api community with the resources an

jobina: big names are backing a class-action lawsuit against wells fargo. three named plaintiffs accuse wells fargo of denying mortgage loans to hundreds of thousands of nonwhite applicants. former san francisco mayor willie brown and several rights attorney ben crump announced their support in front of the san francisco edible courthouse yesterday. >> it is hard every day, being told that you are inferior, that you don't get equal opportunity to the american dream. jobina: in a statement, wells fargo said in part quote, we are confident that we follow relevant government sponsored enterprise guidelines in our decision-making and that our underwriting practices are consistently applied, regardless of a customers race or ethnicity -- customer's race or ethnicity. abc 7 has investigated systemic racism -- led to changes of -- at the federal level. to learn more, you can watch our documentary right now, available on demand. reggie: the los angeles dodgers have uninvited a popular san francisco drag group from the team's pride night next month. they say they ar

el proceso de obtener del prÉstamos hument rÍos a miles ciudadanos de la raza me glae y latinos wells fargoas minorÍas. >>> mÁs informaciÓn la express rÍa elizabeth comenzarÁ a cumplir su condena este 30 de mayo luego de varios tentaciÓn fallo de y apelaciÓn hoy se le negÓ la libertad bajo fianza es culpable once cargos entre ellos fraude y conspiraciÓn prurnlt la creaciÓn creaciÓn de su empresa. >>> alguien arrancÓ una bandera del orgullo gay dicen que un crimen de odio y dicen que ocurriÓ entre siete y el 11 de mayo afuera del templo. la policÍa dice que un empleado de la iglesia reportÓ lo ocurrido y tambiÉn encontraron daÑos ken del otro inmueble. >>> este martes comenzaron servicios fÚnebres del obispo emÉrito fallecido a principios de mes tras perder la batalla contra una neumonÍa a uso 77 aÑos naciÓ en ir landia y enviÓ en la arquidiÓcesis. luego enviÓ como obispo de la diÓcesis de san francisco cuando se retirÓ. >>> los servicios fÚnebres continuarÁn este miÉrcoles y jueves se realizarÁ su entierro en el cementario puerta de cielo en los altos, y algunos de las actividades serÁn a p

it says wells fargo engaged in a storm form of red lining. brown and crump will be in san francisco to support the court action. >>> elizabeth holmes got slapped with a pair of legal blows. the judge that sentenced her to 11 years in prison in november hit her with a $451 million restitution bill. the san jose judge will set a new date for her to surrender and start serving her time. >>> jessica? >> high pressure is parked offshore. that is the reason why we deal with dry conditions this week even into our weekend forecast. that's not to say that we are not getting the marine layer. if you live near san francisco, daytime highs top off close to the low 60s. the marine layer is sitting around not moving much despite the fact windier conditions later this afternoon. into 2:00, near pacifica, daly city, down to half moon bay, it floats on the coastline and more dense in the overnight hours. daytime highs on the coast, they will be below average. we are talking about upper 50s there with upper 80s into the east inland hills. that is above average

. >> tonight, serious allegations are being made against wells fargo bank.ims the nation's largest mortgage lender discriminated denying loans to minorities, particularly blacks. >> big names are putting their support behind this legal action. >> i told him, i am going to sue you, and i don't know how i' going to do it, but i am going to sue you because i know i'm not the only one. zach: aaron braxton is one of the named plant tips in a class action suit against wells fargo. he says he is one of many who wanted to refinance their home during the early stages of the pandemic but instead was given the runaround. braxton and the others say they were discriminated against, citing a bloomberg news report as evidence. >> black people in particular work trying to refinance their homes and being approved at a rate of 47%. other banks were approving black americans for refinance during the early stages of the pandemic in 2020 at a rate of 71 percent. white americans at wells fargo were being approved for loans at a rate of 72%. >> more than 750 have had similar exper

these allegations against wells fargo stand in stark contrast to the company's significant and long term commitment to closing the minority homeownership gap. there's just two weeks to go until the treasury secretary says the u. s will run out of money to pay its bills. it would be a historic first of leaders failed to reach an agreement. there are some positive signs at last after face to face meeting between the president and top congressional leaders, marc meredith reports. you saw him all the world's problems. the white house and congressional republicans remain in a fierce debate over how and when to raise the nation's debt limit, even as experts warn the longer washington waits the bigger risk of an economic crisis. on tuesday following a meeting with congressional leaders, president biden suggested a compromise could come within days. there was an overwhelming consensus. i think today's meeting the congressional leaders to falling on the dead is simply not an option. it is possible to deal by the end of week. it's not that difficult to get to an agreement, republicans are demandin

wells fargo responded saying in part these allegations against wells fargo stand in stark contrast to the company. significant a long-term commitment to close in the minority home ownership gap. person who ripped switching gears, the person who ripped down a pride flag from a church in palo alto could face hate crime charges. flags outside the first lutheran church to late last week. that's what the pastor discovered. it had been torn off the pole. >> and anger. some vulnerability. because it's supposed to represent a safe place. we want to live in a society where people feel included and not feel threatened based on whatever their identity might be. >> she won't let the vandals actions get the best of our and says she's going to 3 pride. flags at the church for the upcoming pride month. police meantime, are still looking for that suspect. >> what was it police have arrested? 2 people they say are connected to possible credit card fraud. it happened at a shop on that are at the linda mar shopping senator on are boulevards. police believed that should say they received report of a man

wells fargo responded saying in part, quote, these allegations against wells fargo stand in stark contrastnt and long-term commitment to closing the minority home ownership gap. >> well, mayors from some california's largest cities visited the state capitol. they want governor newsome and members of the legislature to increase funding for homelessness. capitol correspondent wallace has that story for us. >> well, the mayors were crystal clear in their message on homelessness. they say as they work to address the issue, they want more funding from the state. >> it's the issue of mayors across the state say is their priority homelessness. from mayor todd gloria of san diego. california is biggest humanitarian crisis to karen bass of los angeles. this is the number one crisis we're facing in california to san francisco's london breed. people struggling with mental illness. substance use disorder. and karen goh of bakersfield that paramount issue. of our california residents in issue so significant. it's the reason these 13 mayors from california's largest cities put partisanship aside to come

wells fargo. they're responding saying in part, quote, these allegations against wells fargo stand in stark contrast to the company significant and long-term commitment to closing the minority home ownership gap, end quote. >> well, the university of san diego now is partnering with california fire agencies to launch a public website with live camera feeds across the state. it's called alert california man. it's a statewide network of more than 1000 cameras. cal fire uses those cameras to pinpoint and fight wildfires when they occur. >> these on a mountain tops that we can access. and so if we get a 9-1-1, call someone reporting smoke, we can one click away. just get on the computer and see if there is actually any smoke in the area. we can use multiple cameras to to pin point the location and get a better location as well. >> first responders monitor these cameras from emergency command center's the high-definition cameras have a range as far as 60 miles on a clear day and 120 miles on a clear ni

stephanie says she made a cash deposit at the wells fargo atm at lakeshore and trussell glenn at about 9 45 sunday night and then drove home. i noticed that a car it was behind me, but that's not unusual. but when i did turn onto my street, you know, i did take note that the car was still behind me. she pulled into this church parking lot near her home. by then she realized two cars were following her. the cars made a couple of u turns, and she decided to drive around the block before returning to the parking lot, but at that point, they reappear. they enter the parking lot quickly try to throw my car into reverse. and drive around them, but they boxed me in for roberts got out and one of them demanded her belongings. we struggled over my personal little bit. she honked her horn, and they took off with her purse. the robbery happened a day after this woman was held up by two carloads of roberts in the trestle glen neighborhood, she says the kia forte and kia sport is look like the same vehicles involved in her robbery. and also in the trestle glen neighborhood, a 15 month old girl was

. >>> wells fargo pays $1 billion to settle a class-action shanelle kaul has yo cbs rt r: scks ticked wednesday as investors signal optimism over debt ceiling talks in the nation's capital. the dow gained 408 points. the nasdaq was up by 157, and the s&p 500 gained 48 points. >>> wells fargo has agreed to pay $1 billion to settle a class-action lawsuit. the suit was brought by pension funds that represent investors in mississippi, rhode island, and louisiana. it accuses the bank of overstating just how much it cleaned up house after its fake account scandal was made public. if approved by the court, this would be one of the biggest recoveries from a class-action lawsuit of this kind. >>> target's ceo says the retailer is seeing a sharp rise in violent crimes, and it's costing the retailer millions of dollars. the company reported a whopping $500 million in inventory shrinkage this year, mostly because of theft. target's chairman and ceo says organized crime is getting worse, but that safety for staff and shoppers is a primary concern. >>> and teenagers under 18 will now be allowed to

wells fargo is the nation's largest mortgage lender. it has denied the lawsuit claims and says it has a long-term commitment to closing the minority homeownership gap. ama: elizabeth -- dan: elizabeth holmes can't delay going to prison any longer. that motion denied today following the decision the judge also hit homes with a $452 million bill in restitution to the victims of her crimes. the jury convicted her last year in connection with misleading and defrauding investors about her blood testing technology. a judge will have to decide when the whole -- when she will have to report to prison to begin serving her sentence. ama: the urban peace movement hosted its second annual town up tuesday today. dan: it celebrates bay area culture and raises social awareness about the criminal justice system. ama: various vendors. topics including alternatives to mass incarceration and community building. dan: it was a nice evening there. the weather was gorgeous. sandhya: it will be nice. temperatures will go down. it was a gorgeous evening for tha

. >>> wells fargo is facing calls for action. one day after agreeing to pay $1 billion to settle a lawsuit by shareholders . a former san francisco mayor is making demands . >>> you may have seen these popping up . the sobering ads . how the city hopes ion tooudr crisis and fentanyl fight. >>> daytime highs today will be above average in the inland areas but below average along the coast. we have the marine layer i will talk about, coming up in your first alert forecast. >>> brake lights at the bay bridge toll plaza. we are dealing with foggy freeways. >>> today a group of community members are planning on holding a rally in front of san francisco district attorney brooke jenkins office urging the prosecution of the security guard killed bank of brown. the surveillance video was subleased the moment michael-earl wayne anthony killed brown. following a physical altercation. brown is accused of shoplifting. jenkins released other details that includes a transcript of the police interview. jenkins urged the public to look at the evi

wells fargo is the nation's largest mortgage lender. it has denied the lawsuit claims and says it has a long-term commitment to closing the minority homeownership gap. ama: elizabeth -- dan: elizabeth holmes can't delay going to prison any longer. that motion denied today following the decision the judge also hit homes with a $452 million bill in restitution to the victims of her crimes. the jury convicted her last year in connection with misleading and defrauding investors about her blood testing technology. a judge will have to decide when the whole -- when she will have to report to prison to begin serving her sentence. ama: the urban peace movement hosted its second annual town up tuesday today. dan: it celebrates bay area culture and raises social awareness about the criminal justice system. ama: various vendors. topics including alternatives to mass incarceration and community building. dan: it was a nice evening there. the weather was gorgeous. sandhya: it will be nice. temperatures will go down. it was a gorgeous evening for tha

these allegations against wells fargo stand in stark contrast to the company.cant and long-term commitment to closing the minority home ownership gap and of coming up on kron, 4 news at 5. we're going to tell you which south bay day care is in danger of being shut down. >> after it was discovered, the facilities waters heavily contaminated with lead. also, harry and meghan planning reckless chased the car through the streets of new york city last night. what witnesses are saying. >> and the cooler cloudier weather going to continue through the weekend. my full forecast coming up in just a few minutes. >> but first, we're learning about the man who drove his tesla off a cliff with his family inside what new court documents are showing. wake up, achievers. you're making the most of every hour of your life. except the hours that you're sleeping. so why do we leave so much untapped potential on the table? this is a next level bed, for a next level you. my circadian rhythm is kicking your circadian rhythm's butt! it's not a competition. i know, but i'm still winning

that is eric nelson of wells fargo and earl davis of the bmo global asset management. next, the auction block where apple let a flood of borrowers raising cash with high-grade bond sales this week. that is next. this is real yield on bloomberg ♪. t refunds.com powered by innovation refunds can help your busi get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com katie: i am katie greifeld. this is bloomberg real yield. time for the auction block. we start with on sales in europe rated was the busie

wells fargo bank of discriminating against minorities who apply for bank loans.ing the class action lawsuit is willie brown, the former mayor of san francisco and civil rights attorney ben crump. the lawsuit against wells fargo mortgage claims the bank disproportionately rejected loan applications and that as many as three quarters of a million people nationwide were affected . erin braxton says he has excellent credit and claims while sua grow wouldn't give him the lower loan rates other people received because he is black and his home is in an historically black los angeles name. hood. them. discrimination. is big business. and manipulation in isolation is one of the greatest weapons. this was a difference between about 7% interest rate and a tok'ra sent it just right for whites, seven for blacks. this is from a press conference held in san francisco yesterday was farther, denies basing their lending practices on race and in a statement to ktvu said quote we are confident that we're following relevant government sponsored enterprise guidelines in her decision m

can i do that with wells fargo? i'm hoping, if that's the fact that i can take, i will. >> you have made the perfect analogy, but there is millions of people out there, who might not know that. so, what do you do, politically if, you're the white house with that? >> and then what you do, politically, at the white house, is what they are doing. it's don't give into demands of a child. a child who is unwilling to be responsible for their own actions, and the actions of what they did over the last few years. i, think at this point, yes, it is -- do we want the government to default, do we want our economy to suffer? no, but, all what we run up against is the fact that we do not have a responsible governing party, in the house of representatives. they are not responsible, in any way, shape, or form, and this debt ceiling is part of it. so, if i were joe biden, i would hope that they can work it out, and i hope five or six republicans come to reality, and honor the debt, and honor what bills have already been incurred, b

it goes on to say wells fargo engaged in a new form of redlining. they will be in san francisco later this morning in a news conference to support the court action. >>> elizabeth holmes got slap with legal blows. and appeals court rejected a bid to remain free. t r with a $451 million restitution bill. the sinners a judge will now set a new date for her to surrender and start serving her time. >>> there is a provocative new ad campaign targeting san francisco. the slogan, that . >> they sit by and do nothing >> that was jj smith one of the many faces of the fight against drug use and crime in the tenderloin. he is something spread the message in his neighborhood. they have colorful and inviting designs meant to call attention to this issue. >> we view this as putting a frame about what is going on. when you see it photograph you see what is happening and you see what it looks life. the ads are designed to be cheerful and bright to draw contrast. >> calls for the into open-air drug market center caused controversy. critics say the ads make light of t

to do with that in the context of the flow show, talking about ai being a, quote, baby bubble, wells fargo's chris harvey reminds us of '99-2000, the way ai has fueled these stocks, but growth has pushed past value from such a tremendous degree of late >> yeah, you know, i agree that it's a bubble in terms of what it's done to a lot of stocks but i also agree that it's here to stay, that i do buy into it being an industrial revolution, the fifth one. so i think we want to be in position, look, i didn't have time to talk to patti before the show, our esteemed supervisor and producer, but i did nibble on microsoft and the reason i did microsoft, i hate the multiple, right, but i want to get involved and it's very, very small. but i'm comfortable owning it. when i buy stocks, i look for perennial compounders rather than a moment in time. so, look, i sort of hope too early in terms of an impending market correction and i could really size up on, horrible zigs selling at 250 after i owned it for so long. ai is here to stay however, i meet with so many private companies and all of a sudden everybo