corner of market and 16th street and noe, there are 15 existing banks including sterling bank, wills fargo there were 9 ground floor vacancies within the commercial district and [inaudible] within the district. the project originally scheduled for june, but was continued indefinitely to allow the sponsor to address neighborhood concerns. the department struggled with the project for the same reasons. the sponsor has reach -- reach add compromise, the agreement would add two conditions, there are two letters from the two neighborhood associations in the area, i just received it this week so they're not included in your packet, is third page are the two additional conditions, the project sponsor is amenable to these conditions, they would be fronting on noe street, it calls for no formula retail uses within these three spaces for a period of five years and it has to do with the signage for the bank as well. once again, the project sponsor is amenable to these conditions being added to the motion before you. at this time, the department is supporting the project, and we are recommending appro

will be shorting banks. i like this long exposure. >> let's wrap this up. want to buy wells fargo it will cost you about $38 a share. dan's risk reversal costs a dime and you might have to buy it for $33 a share. word to the wise. since you are short the put you must be willing to buy the stock and that will tie up margins. >>> let's move on here. if today's action is any indication the iphone 5 is set to be a huge hit, preorders selling out in less than one hour. the frenzy can be signaling more good news for apple. john port loved "options action" so much last week that he decided to visit again. >> there is some good news out of apple today though i think some people are overstating it. as you said apple had to push out the ship date for the iphone 5 from one week to two much more quickly than it happened a year ago with the 4 s. this time it happened within about an hour. but you got to keep in mind that this time wal-mart is taking preorders and they are launching this phone in nine countries a week from now instead of just seven. you have to question how has apple allocated

wells fargo, a lot of people are speculating that the banks that can lend will benefit the most from the free money. and perhaps the push to get mortgages and to lend money. mike, what do you see here for wells fargo? >> i think basically as i was commenting earlier all of the money center banks are basically being void by the fed action that we are seeing. they have been at relatively depressed levels. if you want data it is a great place to get it much like some of the other commodity stocks. >> last week we were highlighting big gains we have seen in banks. at this point, what do you see for wells fargo? you're putting the trade on. >> this is a great point. goldman sachs went from 106 to 121. it was a beta chase in a lot of ways. that sort of money is not attracted to wells fargo. why i'm looking at wells, i'm looking out to january. what caught my eye is that here's a stock that has been amazingly stable throughout all the turmoil in the last year and a half in the financial markets. these guys are levered to mortgages. when you look at that chart right there, it is a massive res

they will be introduced, to introduce will be coming on stage in just a minute is with wells fargo bankd he will be introducing all these folks here in just a minute. and that is michael who is the region president of the washington area wells fargo bank. so you can see the crowd, and just another reminder. after this presentation, we will join the eisenhower's and jean edward smith on stage and you will have a chance, with your phone calls, talk with them as well. so back to the history and biography 10 as we continue our live coverage of the 12th annual national book festival. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> i have an announcements about an additional program. at 6:00 the national book festival festivities end, but from six-seven in the pavilions will be a call-in show with the eisenhower's and peter slen from booktv. they will be taking questions from the audience, so we have two microphones. we hope that you will stay. i think it will be really enjoyable. so please stay tuned until a little eight or than you planned. -- a little eight or than you planned. ♪ ♪ ♪ ♪ ♪ ♪ ♪ [inaudible conversations]

regional banks such as wells fargo will continue to do very, very well.to benefit from higher housing prices, from loan growth starting to pick up, particularly in middle america. then also there's been a consolidation in the industry. since '08 you've lost -- weaker banks have been acquired so i think you're going to see continued strong relative performance by the u.s. regional banks. >> that said, let's not be pollyannaish here. we do understand that there are significant risks, right? facing the market? even though you are bullish on stocks, we understand the fiscal cliff is still looming. the unknown of the election, the unknown and uncertainty about the way europe is going to settle out. then china as well. right? >> that's true, scott. i work with great research department and we're trying to find companies that are going to be able to grow over time despite the sluggish economy. i think a lot of those risks have been discounted. the s&p 500, total returns only about 2% a year since 1999. so the market's been bouncing around flattish and earnings o

a purchase of real estate will count as collateral. pretty much, at wells fargo, we have this process streamlined. i am the front end. after i review the alone, i put it together, put it into underwriting. they will review the file and see if there is a loan file. then you have the of loan) who works with you through the end. so the average time for a 7a loan, which is my focus, about 35, 45 days. if there are other things that need to be looked at, 45 days to 60 days. we are preferred lending partner. we are able to approve a loan up front, close the loan, and then we go back to get the guarantee. i do not have the exact numbers. i should. i do not know how many loans we did last year. it was a lot. i know we were the first lender -- i do not know, historically -- mark, maybe you can help me. wells fargo is the largest in dollar amount by the country and in california, and bay area. we are trying to do our part. we are easy to work with. i have been doing this for four years now. i am pretty good where i can look of something and realize if we can help you out.

will have a pleasant day with sunny skies. the california coast wakes up to fog. and there could be rain from miami to savannah. showers are a possibility in fargo and green bay. >> the day will start off chilly in upstate new york and new england. boston will be 64, instead of 70. dallas and denver, about ten degrees warmer than usual. anchorage is the cool spot at 56 degrees. phoenix, at 103. >> i think i like the 103. >> 56 isn't so bad. a sweater. light jacket. i can deal with that. >> i can. >>> when we come back, call it the case of the kernels. the $7 million popcorn verdict. >>> and then, chick-fil-a is sticking with poultry but dropping the politics. >>> and later, the three-minute thrill ride that turned into a four-hour ordeal. >>> all right. welcome back. as we told you a few minutes ago, there's good news about the economy. the census bureau also sees encouraging signs over the past year. the unemployment rate is falling. it's still high. americans are moving again. after moving hit record lows last year. more young adults are leaving their parents homes. and the birthrate is no longer falling as sharply as it was. >>> the outlook i

will stocks get a jolt from the fed meeting six days away now? we'll have a leading portfolio manager, wells fargo'se patel will weigh in. let's see how the dollar is moving against its foreign currencies as we head out to break. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >> at 20 minutes past the hour i'm arthel neville with your fox news minute. five policemen are dead in syria following two bomb attacks in the country's capital. officers were killed by the outside a mosque in a northern neighborhood of damascus. >>> yosemite national park doubled the amount of people who may have been exposed to the potentially deadly rodent-borne hantavirus. they say roughly 22,000 visitors may h

fargo. we appreciate that. but there will be another giveaway this saturday. there will be a ping-pong tournament as part of city streets in chinatown and the department is fielding a team. i am told we have a ringer. we think -- or we thank walgreen's for patronizing that event. and on august 29, at the and, there is a memorial for surgeon john on the anniversary of his death. in closing, i would like to call on your attention to one of our officers. at the tenderloins station, he got some real nice press for the department. he has taken community policing to a higher level. he and his brother have created a new approach working with the use in conjunction with the boys and girls club. it is a development program that includes monthly visits to downtown restaurants were the kids are taught about healthy diets by preparing the meals. additionally, his brother has a program called empower the kids, because the name of the gm is called empowered. they teach the kids have to deal with bullying issues to give them confidence from those that might be physically big

fargo. ah! woof! some things will> for those who feel the need for speed, today was the last day to ride the hurricane. at santa cruz beach walk. they'll start dismantling the roller coaster tomorrow shipped to new mexico. thousand people today and through the holiday lining up for one last ride. >> i found out this summer at the beginning. i was upset. it was going to be closed down. it is a lot of fun. >> i was kind of happien a way. i am excited for the new ride. >> ha-ha. >> good balanced reaction there. the new ride is called undertow. a spinning coaster that zips around at 40 miles an hour, $5.5 million coaster will be ready by september of 2013. >> yea! >> going to be fun. >> enjoy the rest of your holiday. see you at 6:00.

fargo. ah! woof! some things will. >>> hard to believe but 15 years ago today princess diana and her boyfriend died in a car crash in paris. they crashed into a tunnel into the paris bridge. today in paris mourners took time to remember the peaceful princess. 15 years after the tragic accident, diana is still bloved around the world. she was 36 years old when she died. >>> in health matters, getting your kids ready to go back to school should include a comprehensive eye exam. 60% of children who have learning difficulties suffer from undiagnosed vision problems. parents are to manage complaints throughout the school year. >>> back in a minute with the winning stories to send you into the weekend with a smile. [ laughter ] [ girl ] wow. you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was.

and then wells fargo and w achovia are finishing up their merger, we will see wells fargo sign showingh carolina. >> from charlotte, a democratic national convention preview. they look good speeches for jimmy carter, and first lady michelle obama. this is an hour. this is an hour.

our next guests will tell us what they think will move markets. and wells fargo advisor. k it off with you. >> bell weather indicators showing that we have slowing global growth especially out of china. the eu volatility will continue because of spain and elsewhere. the new york area factory gauge showing declining manufacturing and again demand which could cause manufacturing again and quantifies the fed's position next week. a lot of employers in the defense industry starting to cut jobs. >> brian, you are up. >> fed ex preannounced earlier this month they wouldn't meet analyst expectations. the stock is up 6%. generally when you see a good stock action like that after a bad announcement it tells you the bad news is already factored in. barring new bad news coming out i look to get long in the stock of 95 and others in the space like ups to see if there is good bell weather for the economy going forward. >> what do you want to look at? >> in the u.s. you have the national association of home builders housing market index coming up. you will see if the good news in housin

there will be one at the wells fargo bank near downtown berkeley bart, scheduled 4:00. in san francisco demonstration at the pg&e headquarters on market. and war memorial on van ness scheduled for noon. two others in the financial district, one at one market plaza and the bofa building at 5:00 this afternoon. busy day planned. celebrating this one year anniversary. the group says it is excited and very enthusiastic about moving forward with the occupy movement. amy hollyfield, abc7 news. >>> now we want to take you live to new york city where occupy protests are already underway, they began over the weekend the city has seen a dozen arrests today does mark the anniversary of the movement protesters converging near the new york city new york stock exchange and 30 other cities. it spread quickly a year ago today but fizzled a little since then as we've noticed here in the bay area. protests typically in the name of ending foreclosure, racial inequality. in new york, stop and frisk. also the debt. again -- [ unintelligible ] >> back here this morning, oakland man under arr

another one at 330 wells fargo at fillmore and california. people will be singing there. 4:00 a group is going to head over to the pg&e headquarters in san francisco, but the one that's likely to have the biggest impact on you might be a march and rally that starts at 5:00 where we are here at california and kearney. reporting live in san francisco, christie smith, "today in the bay." >>> this is a mystery aboard an amtrak train. a family desperate for answers after this van, 69-year-old charles dowd, vanished while traveling across the country. dowd is a retired san francisco firefighter to whond to take amtrak to visit family in montreal. he left on wednesday but never made it to his destination. his family last heard from dowd when he called thursday evening saying the train was just leaving denver. on friday he was supposed to make a connecting train in chicago but he never made it. his cell phone, medications and luggage were all in his sleeping car but there is no sign of dowd. the last time he was seen reportedly was early on friday in omaha, nebr

fargo. together we'll go far. three stocks that will be hot sellers. morgan.bago technologies. >> they're a semiconductor stock and analyst sea buy, buy, buy. >> bill will they take off . >> if you don't mind a 50 percent drop in the stock price. >> how does lamb research . >> lam is not an upstart and makes the stuff that makes the stuff for electronic gadgets. >> it is an expensive stock and earnings are deteriorating. >> you have qualcomm. how do they ben frit if apple or kindle. >> they make the high powered four-g level phone and noka and apple will likely turn to it. >> qualcomm has a great rep tage . >> it is great. but sellers are steadily selling the stock. >> watch these closely. if apple and the kindle go up

fargo. the flag is at half staff. and we will send it back to you. >> police have released of what they believe is this sequence of events that led up to that fatal shooting on the 680. it turns out that the loss of chp officer kenyon youngstrom who died showed up to deal with a dead deer. and then there was an obstructed license plate from that green wrangler. it was youngstro who first after seconds with the driver. wednesday evening from wounds he sustained in a the second officer that arrived on the scene. he was put on life support pronounced dead at 6:05 p.m. wednesday at john muir medical center in walnut yesterday's chp officer- involved shooting on i-680 has been identified as christopher boone lacy, a 36-year-old man from corning california, contra costa in a press conference detailing the events of the night detectives went to the suspect's home to serve a storage equipment were taken from the suspect's home to help determine a possible motive. lacy's parents were contacted by authorities in oregon where they live, and

we will transition out to the west coast minute. san francisco-based. wells fargocyber attack. the same group that last week disrupt bank of america, chase and citi. the group has said it will attack u.s. bank corporation today. driverless cars having given the green light in california. governor jerry brown fighting a bill to allow the cars on the road. governor from throat to google northern campus. he said today science fiction is tomorrow's reality. an update on a story brought to us we. sales design review board has approved amazon rain tower design for its new headquarter. huge panels of metal. it has been contested by residents. it was three-two. the biggest development model ever in downtown seattle. dennis: airlines are socking it to passengers with baggage fees. cheryl: let's take a look at today's winners and losers on the nasdaq. research in motion it is always a winner or a loser. we will be right back. ♪ ♪ cheryl: about one thousand people protested outside the united nations today as president mahmoud ahmadinejad made his last speech as president of

the fund have been set you will at wells fargo bank and mechanics bank. his organs have been donated. the family issued this statement and i am quoting, this was our kenyon. he is our hero and in the midst of our grief we are comforted to know he continues to help others. >>> coming up for you 579:23, you will hear from a -- up at 23 --7:23 you will hear from a family whose son was killed in the line of duty and donatinghis organs helped cope with the loss. >>> the latest unemployment report could dash the momentum of president obama after a speech at last night's democratic convention, the president is waking up to some disappointing jobless numbers. alison burns is live with the quick response from the president's opponent. alison. >> reporter: mitt romney issued a statement saying if last night was the party, the morning is the hangover. we just got a statement from the white house essentially saying that this jobs report shows that the economy is still recovering. but president obama is going to have some explaining to do during campaign stops today i

will be charged with interference with a flight crew. >>> more cyber attacks are being confirmed. they had trouble accessing company websites and they are claiming responsibility for recent attacks on the wells far and chase -- wells fargo and chase web with sites and this will continue until the profit mohammed is removed from the website. >>> his parents talked about the memories of their son. muslim protesters killed ambassador stevens earlier this month and she found out about it while she was in yosemite. >> after the initial shock you are number and you do what you need to do and what needs to be done. >> they created a non-profit organization and they talk about how he campaigned for don't mock as i all over the middle -- didn't mock as all over the -- democracy all over the middle east. >>> san francisco health officials tell the bay citizens they may start gathering health records and they plan on checking to see if contractors in the area made any errors. >>> he is accused of trying to poison his girlfriend and has been released from jail and has not been charged. care givers reported he tried to kill his 63-year-old girlfriend by giving her bottled water containing chlorine. he said that water contained a min

wells fargo chief economist john silvia will join us here in just moments but first we want to bring up to date on that chicago teachers strike which i told you would be ending here soon. today it has arrived. they're ending the first strike that had taken place 25 years in chicago voting today. former new york city schools chancellor, joel klein, will join us here next. on wall street today it was a mixed day for markets. not really much movement at all. dow jones industrials up 11. nasdaq was down less than a point. the s&p managed to drop two whole points. oil continued its retreat dropping $1.33 just to over $95 a barrel. in corporate news fedex cutting its profit outlook. customers using well, less ground service because of this slow economy. fedex down more than 3%. and apple closing above $700 for first time ever. apple up more than 19% over the past three months. with those numbers it starts to show up, the most valuable company in the world now with a market cap of 658 billion. can you hear a trillion? >>> microsoft announced it is raising its quarterly dividend 15%. shares

and they will be introduced, the introducer who will be coming on stage in just a minute, is with wells fargok, and he will be introducing the -- all these folks here in just a minute, and that is mike golden, who is regional president of the washington area wells fargo bank. so you can see the crowd, and just another reminder, after this presentation, we will join the eisenhowers and jean edward smith on stage and you'll have a chance to, with your phone calls, talk with them as well. so, back to the history and biography tent as we continue our live coverage of the 12th 12th annual national book festival. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> i have an announcement about an additional program. at 6:00, the national book festival festivities actually end, but from 6:00 to 7:00 in this pavilion, there will be a call yip show with the eisenhowers, and peter from book tv. they will be taking questions from the audience so we

fargo. together we'll go far. >> the democratic convention will start on tuesday. biden was in pennsylvania, wisconsin and all, was towards the road to charlotte with pre- convention. >> with preparations in full swing it is all about the democrats. downtown at charlotte, north carolina is getting ready for the convention. advisers to make from the and even obama. >> when he took office. if he did not have this economy turned around his presidency would just be a one term. >> in tampa we just saw insults' and slogans and tired ideas. and charlotte the president is going to focus on the middle-class some necessary and needed security by investing in research, innovation, research. energy. >> the road to charlotte was stopping and colorado's. >> those ideas do not work. they do not work than they did not work then and they did not create jobs or cut the deficit or strengthened the middle class. they are not a plan to move forward and we believe and something better >>reporter: joe biden in pennsylvania took aim to the mitt romney paid it did not grow the accountable

will be short lived. david: let's bring in the wells fargo managing director, and jerry leavy, senior equity strategist. happy friday. manufacturing numbers, they're in a contraction. is this contraction of my affection in a blip or will it be sustained and go down further? >> i don't know if contraction might not be overstating it. david: it is the technical term when it is below 50. >> it has to be well below 50 before it really threatens the recession on the economy and manufacturing is definitely stalling out and the reason i brought up a little technical is where very close to 50. our forecast has the pmi rising 50.2. that is not good. but his stall speed. it is all we will see, don't think it will get a whole lot worse than that i don't think we'll get better the next two or three months. look at all the manufacturing surveys, the order series have been weakening for the last several months running well below the headline numbers, so they may dip a little bit further and make it down to 48 the next couple of months but that is about as bad as it is going to get. liz: you have milwaukee, dallas, phi

will be a hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. >>> duke and duchess of cambridge spotted today bumpkin around in the trees of a malaysian rainforest. they stopped in a rainforest so they could speak with researchers. they are celebrating the diamond jubilee of queen elizabeth the now go to solomon islands. >>> probably brian has done man >>> we want to borneo my own vacation i tip my camera and we fed the orangutans they did not offer to lift me through the trees >>> you are not royalty. >>> outside to look at the numbers they hover in the 80's and 60's at the shoreline look at the bay bridge it looks nice 74 in san jose 78 santa rosa now. it warmed up a little today from 1-5 degrees sunny tomorrow except for low clouds along the shoreline ahmad week a

fargo. and another, mechanics bank. the money will go to the family. so far more than $60,000 has been raised for the family. coming up the other groups raising money to help the family in need. >> and for those that want to make a contribution visit any wells fargo bank and ask funds be contributed to the fund. we've received thousands of condolences from family, friends and colleagues on our facebook page ask invite you to share yours. just go to abc 7 news. >> in vallejo police are asking for help solving a double homicide. >> police found the bodies of a man and woman inside of a home in the 1000 block the atherton street. this is around 9:30 p.m. >> when neighborhood heard gunshots, one man ran and discovered two people had been shot and their toddler was nearby. >> the neighbor said he knocked on the door and ran inside and got the baby zoo z.took it to a neighbor's house. >> police say a 31-year-old man and a 28-year-old woman were killed. neighbors say car loads of family members descend ped on the neighborhood and were vocal can the grief. one

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fargo. together we'll go far. >>> thursday night forecast what the change will have over the next couple of days over the weekendighs in the '90s or one hundreds but tonight cloudy and chilly. you cannot see the thing from our roof tops. you cannot see the top of the pyramid. santa rosa down to 49, concord 56 oakland and san francisco lows in the mid 50s. a marine layer is still there and moves through the golden gate in. it changes are coming the process has started high pressure anchors itself to the north that begins in off shore when that will warm up the inland areas tomorrow, mother nature turns on fan #2 a flow around a low pressure area we get the off shore when all the way through the bay area and warms as of up to levels we've not seen the entire year, that means possible triple digits inland, sunday and monday will be the peak of the heat and likely the warmest weather this year. concord tomorrow 84, san jose 79, the heat gets going saturday and sunday fremont's 78, palo alto 77, walnut creek fairfield 92, upper seventies for san rafael and petaluma. upper '90s inland, well into the 80s in the bay. fo

will be charged accordingly. >>> the same group of hackers is claiming attacks for bank of america, and wells fargo attacked us ill continue until the video making fun of the prophet muhammad is dealt with. >>> there were 100 muggings in just san francisco. some of them on muni. the paper's report says of those 100 thefts which occurred between august 28th and september 19th about a third of the victims tried to fight for their belongings but only three out of those were successful. this morning we talked to some of the most likely targets of street thieves, tourists, including one woman whose brother was mugged and injured in new york. >> let them have everything. my lay is so important -- my life is so important. >>examiner's report also says most of the people who did try to fight back were physically assaulted. the most likely target of the thefts, cell phones. the report says since january there are about -- there have been about 2200 thefts. >>> we have new information about tuesday night's bold armed robbery at a safeway store in san leandro. last night about 5:00, police detained a possible suspect at a

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all that money will go to a trust account and will be set up in his name at wells fargo bank. >>> all right, thank you, officer youngstrom was honored today at the san mateo memorial service. >> please join me in a moment of silence for the california highway patrol officer youngstrom. >> reporter: the service in honor of fallen police officers and firefighters is held every year on the sunday before september 11th. >> its an important thing, we're all busy, but some of the people have made the ultimate sacrifice. we miss them. for a lot of the families it is just to let them know they have not been forgotten. >> it was started by the california firefighter greg kaduna, whose family member died in the line of duty. >>> and shooting happening near police headquarters. investigators say they received a call around 2:00 yesterday morning, when they arrived they say the store's cashier had been shot and killed. police are not yet releasing the identity of the victim or the description of the gunman. >>> and the bay area branch of the susan g. komen for the cure foundation, hosting the ann

fargo. together we'll go far. the -- >>> good evening. the last few weeks will let them set the pitcher for the playoffs.gainst the rockies tonight. plenty of time to watch the giants because the nhl is locked out. 6 and a third and strikes out rosahio. they are getting it done at the plate. it is 1-0 giants. chris nelson and brandon crawford with quick hands. more in the 6th. did this year's kobe ross come out of no where? timmy in trouble in the seventh and bases loaded and the skipper calls on afeld. first pitch and gets jason giambe on a 4-6-3dp and relief for timmy. giants' magic number down to seven. they opened up a road trip thinking about mccarthy. they didn't get much more than that. oh, can they hit the long ball of opposite field and it was 2-1 tigers. under that girth is pure power. 3-1 detroit. feel my girth. that's his 40th of the year. league high 129 r.b.i's for cabrera. they roll 12-two. he is sticking with his kicker. cal squandered a chance to pull off the upset at ohio state. they have to find a way to pressure him like stanford did in their upset on saturday.

fargo up to 82 degrees. so the trend with our temperatures will be for it to go up one or two degrees as we go closer to theeekend. our temperature in the city is 66 degrees. but you can see the suburban areas down to the 50s. out here, there will be 40s again tonight, humidity will stay low tomorrow. but i don't think the 40s will be as widespread as they were last night. our temperature for hagers tossen and martinsburg in the upper 40s. culpeper at 49. cumberland, we expect you to come in at 47 degrees and baltimore and annapolis in the low 50s overnight. of course we are being ruled by high pressure. it's hard to find a cloud around. just a couple high, thin clouds. slowly starts to make its way to the coast and as it does that, we get more of a south wind and that begins the process of warming us up a little bit. a bit above average. average is 81 degrees. check out the future cast as we go forward in time. showing you the high pressure dominating, which we can see. wednesday, tomorrow night, we'll have a couple showers showing up through the midwest. as we run this all the way out to thursday, still l

wells fargo and wachovia are finishing up that merger. we will see the wells fargo signs show up here and in north carolina. the wachovia name goes back to 1879 and will kind of be washed away, so that will be a bittersweet moment for north carolina. >> we are looking like an inside the time warner cable carena, where i just a few hours -- we are looking live inside the time warner cable arena, where in just a few hours the democratic national convention will get under way. earlier today, politico correspondent mike allen interviewed valerie jarrett on what to expect from this week's democratic national convention. the convention begins today and features speeches by jimmy carter via video, and francisco mayor julienne castro, and michelle obama. >> thank you for coming out. we are excited to be in the city. we had fun last night out on the counter we are honored to start this morning with a gallery jared, who has the title of senior advisor to the president, which barely begins to scratch the many portfolios she has. after that, we will hear fro