wells fargo down .4. cnbc will have an exclusive interview with the jpmorgan ceo jamie dimon at 10:00 a.m. eastern on "squawk box." right now, we have richard state. richard, good to see you. thank you for coming in. let's kick off with, first of all, the improvement in the housing market and the backup in mortgage rates, how important is that going to be to see what these two banks say about that? >> well, certainly the improvement is going to allow the banks to release more of their loan loss reserves and that will boost this second quarter set of results, particularly for jpmorgan. i think they already indicated they're going to release about a billion dollars of reserves just for that. i think that's going to continue to play out over the next six to 12 months. you're going to get continued reserve releases and that's all helpful for their capital ratios building up. the backup in interest rates clearly has also had a negative impact of slowing the amount of mortgage refinancing taking place. that did

morgan and wells fargo. they reported very good earnings. however, it didn't participate that well intraday. yes it rallied, but it didn't rally that much. if you look at citi's chart, citi's actually performing a little bit weaker. it got up to about $53.50 - which is the three-year high - sold off to about $46. on friday, closed right on the $50.50 level, so today should be interesting. i'm going to short it on the close of the day. i'm going to have a stop above the high of the day. i like j.p. morgan and wells fargo better on a reward-to-risk set- up. a very, very tight stop, though. - what about bank of america? there's call buying all the way up to the 15 strike. - yeah, bank of america, when i trade, once again, i always factor in those commissions. bank of america is a much cheaper stock. it doesn't move that much - moves 4¢, 10 in a day. i would rather play the ones that move a lot more. those are wells fargo, with a little bit more volatility, and citigroup. - thank you, andrew. - thank you. that closes out our monday show. coming

my view, if bank of america is good, then wells fargo goes up. buy more wells fargo. we also hear from u.s. bank, this is a tough one. it is so well run. but the time will ultimately come when this bank will make you a fortune. i don't think it is now. but i am inclined to buy it if it gets hit again. it already told you it isn't going as well as people might like t. only thing i can say about this one, you make it a little less problematic is the simple fact that nobody is expecting anything good from it. accenture had a good quarter. i got to tell you, i don't have the level conviction i had i used to have when the stock was in the low 100s. we hear from two chip maker, too, intel and unless they are taking the business himp the better play wouldbe xilinx. if you want to watch it on your tv or cell phone, that's xilinx. that's fabulous for this terrific company. thursday morning we hear from union pacific. can it deliver after ups's warning and the decline in shipments of coal down 3% or more year over year. the company told us it does well, set it. you know what, i

>> you won't from wells fargo. look, we don't need a plan "a," because we have the best plan a in the business, and that is, let's focus on the customer. >> you see no reason to have to sell assets as a result of this pressure? >> no, not at all. 90% of our investment banking business is done with our commercial and corporate customers who use us for other banking services. it's part of the relationship. they want to use us. if they didn't want to use it, we wouldn't be in that business. >> what about the capital story? in terms of u.s. banks having to hold more capital on a percentage basis versus global counterparts. is the u.s. system under pressure and at a disadvantage in the global story? >> i don't think we are today, because the u.s. financial system is much stronger. the u.s. economy is much stronger than almost anywhere else in the world. but it is something that we need to be very watchful of. and i think the regulators need to be thoughtful about making sure there's not a competitive disadvantage. we do

my view, if bank of america is good, then wells fargo goes up. buy more wells fargo. we also hear from u.s. bank, this is a tough one. it is so well run. but the time will ultimately come when this bank will make you a fortune. i don't think it is now. but i am inclined to buy it if it gets hit again. it already told you it isn't going as well as people might like t. only thing i can say about this one, you make it a little less problematic is the simple fact that nobody is expecting anything good from it. ing a sen sure report -- accenture had a good quarter. i got to tell you, i don't have the level conviction i had i used to have when the stock was in the low 100s. we hear from two chip maker, too, intel and unless they are taking the business himp the better play wouldbe xilinx. if you want to watch it on your tv or cell phone, that's xilinx. that's fabulous for this terrific company. thursday morning we hear from union pacific. can it deliver after ups's warning and the decline in shipments of coal down 3% or more year over year. the company told us it does well,

next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing busi

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lincoln and wells fargo chevron visa and bon appear teeth and of course, [spelling?] at&t and to the foundation and we thank all of you. here's to union bank and hosts man and of course, to a t and t to our san francisco giants you are the only team for me now let's -- our great hero, david and john caste too. jock robber shell vickier braive show and callahan here's to you and we raise your glass and toes all of the -- [inaudible] there is such excitement blooming and i'll share it all with you 20 scene our new hospital will make it's grande beauty and we will continue to offer -- and we will stand strong and take a strand we believe in giving everyone a -- we say we building this -- san francisco has in store .... a new dawn a new day ... (applause) is. >> thank you seaner and beach blanket babylon. ladies and gentlemen, it is now time for the heros and hearts awards. our first award will be presented by tracy. president of san francisco market, wells far go to assist with the presentation of the awards please welcome louisa house worth. san francisco foundation boa

we are up 1% for wells fargo. thank you very much for joining with us your thoughts. >> happy to do it. >> coming up, economic data the june ppi. producer price index. >> the indian company tata goes together, joe. >> who doesn't. 8:30 eastern. then senator elizabeth warren leading the charge to break up the bing banks. she will join us live. now as we head to break, former citigroup sandy wile said about break up the banks on "squawk box" a little less than a year ago. >> i think what we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans and have banks do something that's not going to rick the taxpayer dollars that's not going to be too big to fail. teed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our

jpmorgan and wells fargo beat the st.. next guest earnings expectations as well with profits jumping 31% and 19% for wells fargo. dick bovet says he is still not impressed. why is this disappointing? >> in the case said jpmorgan look at the core earnings earnings, the net interest margin and the trading activity, it did not go up but actually they did not do well in the quarter that doesn't mean to say that they couldn't but i was not impressed wear those earnings came from. he cannot argue because mortgages did well knowing they would not do good in the fourth quarter is inappropriate to drop the loan-loss provisions to zero when you are not covering your nonperforming assets. until they get was a good quarter for jpmorgan. lori: which would you rather own? >> wills fargo did better the loans did go up a little bit they certainly were able to reduce the of loan-loss provision. and then the expenses went down if you put that on a parallel basis wells fargo had a much better quarter. again, i don't want to freak out because

it's a positive for a wells fargo. and then if you go to the trust companies, it will be a significant positive because they're going to start to be able to charge on their money market rates. >> charlie, everyone salivating over the prospect for higher rates and what it will mean, what it will do for their earnings. are we jumping ahead of ourselves? look at the ten-year today. it's already come back down towards 2.5%. >> yeah, that's a great point. i would say six months ago, i felt like a contrarian predicting a big increase in interest rates. and now it seems like it's overwhelming consensus, almost to the point of being a dangerous overwhelming consen s consensus. i do absolutely believe the ten-year is going to 4 % relatively quickly. you're right, if that ends up being wrong, that's got some implications. >> david, what about the effects of the falling value of some of these bonds on the balance sheet? i mean, the fixed-income trading is up 18%. do you believe that that -- the ability of the investment bank to t

let's talk about wells fargo first. this one is very much in focus. - absolutely. wells and j.p. and the other banks, you have to be aware of loan-loss reserves. that's a way that they can kind of bring the earnings forward to kind of meet expectations here. so, with a lot of the banks, you have to almost pull that loan-loss reserve out, so look at what's called the "organic" or the actual earnings. given the fact that interest rates have shot up here, i look for earnings to maybe be lukewarm. and with the prices running so hard in front of it, i look for somewhat of a muted response, if any, to the earnings on both wells fargo and jp. - all right, the financials have rallied, so let's take a look at the chart here. so wells, where is this stock likely to go post-earnings? - you know, unless we really have a great, organic beat - again, without that loan-loss number - i would look for the stock to struggle here, and maybe pull back 3-5%, just given the fact that they have had that move. again, that move in front of earnings is what a lot of us traders look at to kind of position.

you do see somebody like wells fargo who wants to compete with wells fargo. >> and origination business, the rates are rising. remember they have the will call via business, which is number three. number one morgan stanley, number two is merrill lynch, but unfortunately these wealth management businesses are much more diverse organizations. difficult to believe i to incree the revenue is enough to offset what would be a weakening on the mortgage origination. cheryl: you may be the first person this week that has had a little bit cautious. >> they started expense control, there is a reason why they push on expense control because they see this at least a portion. the good part of wells fargo is thethere pushing and the institutional business. you never think of wells fargo as an investment bank but they are taking share, using the big balance sheet too began to push into gpm's business. the big investment bank. they are moving back and forth amongst themselves. investment banking player, right? david: bank of america, retail, what do you think of that? >> if one were to think of bank of

and back to start with wells fargo. we will get said in just a moment. but that seems to be the real story here. they are a third of mortgages for this company. and revenues and earnings per share were very strong and wells fargo. did you like what you saw? >> we have been high all year. we like what we saw. if you take the $0.5 to for the market has been expecting them to struggle with the mortgage banking transition from refinanced as servicing profitability that had been holding earnings flat. so that's $0.20 an annualized earnings. the multiple is worth $2 to the stock price. plus, they're continuing to generate consecutive growth. they have done that for 14 quarters. the one just get their earnings pop. it will get valuation.yl: one ct having this discussion, if interest rates go up, that could affect the mortgage market. that could have that kind of skittish homebuyer back off. there bread and butter is on origination. you worry about that? >> well, 10 percent of revenues and you have a balance between origination and servicing which right now is s

jpmorgan looks ready to pop, and wells fargo drop. however, over the long term, i think they both go down. with jpmorgan, a nice uptrend, the shares appear to be trading in a bull wedge. it confirms 56, targeted 60. therefore, the pop. a one-year chart of wells fargo, we also see the uptrend, but shares have recently traded into a bearish broadening top, likely to confirm at 39, take shares down to 36. the bottom of support of the rising wedge, maybe even through, and a drop. when we look at a daily chart, however, of both of the stocks over the last five year, we see they've traded in very highly correlated manner. this is likely to continue to be the case. this year they've broken up and out of a bearish broadening formation. i suspect, however, that's likely to be a false initial breakout to the upside, and prove itself later this year, and we could see both shares drop back down dramatically by the end of this year into next year. >> one last point i would add. >> go ahead. >> the european banks have been weak over the last couple

jpmorgan and wells fargo both had good earnings. wells fargo, slightly negative territory, but really considering how strong the banks have been in the second quarter, i'm surprised there wasn't some selling into the news, even as the news was good from wells fargo and jpmorgan. some of the regional banks on the upside, as well. old market leaders, other old market leaders re-emerged. look at the housing stocks. when interest rating calm down, housing stocks got better. horton, standard pacific, toll brothers, all having a great week. another group, biotech stocks, some prior weakness, but once again, an historic eye for the biotech. we'll have ipos, several of them, in the next two weeks. i'll have more on that on monday. finally, a couple of things bother me, a little bit. interest rate, yields on the 10-year, they've stopped rising, but they're not dropping at all. if this thing starts rising again, stocks are going to have trouble. we'll see. second is china. big china stocks all down today. this is trading here in the united st

two of the big banks reporting strong profits this morning, up 19% at wells fargo, 31% at j.p. morgan and both are moving nicely higher in the early going. here is john layfield and he knows a thing or two about managing money and running it and he joins us from the paradise owners bermuda. and we're off and running today, a lot of people are saying 16,000. here we come. are you in that camp? >> yes, i am, sir, only about 3% away from that and i think what bernanke came out, when bernanke came out a few weeks ago people misinterpreted what he said. they're going to be a stopping by the bond buy back and markets

some worries about wells fargo because of rising interest rates and mortgage rates because wells fargo has taken advantage of the housing recovery more so than other banks when it comes to writing new loans. market coming off a record day yesterday, dow and s&p both finished at all-time highs. a bit of a breather this morning. let's check the numbers. the dow up by 11. nasdaq up by 3. s&p right now is flat. and off of its earnings beating wells fargo, shares up by 2.5%. >> thank you, jason. have a great weekend. >> reporter: you, too. >>> san francisco's stint at hosting the america's cup yacht race may be in more trouble than it's worth. yesterday a panel rejected some changes in safety rules that challengers complained would have give an unfair advantage to larry ellison's oracle team usa. now the regatta director has to go back to the coast guard to get a revised permit for the rate. it was once touted by gavin newsom as the super bowl and the world series put together. the preliminary rounds have been under way with only one boat competing. and the huge crowds of spectators have ju

i think longer term wells fargo is going to be okay. i think the one thing you want to focus on which was positive in that note is capital markets recovery. goldman sachs itself, a morgan stanley, a lot of the private equity names. i would focus there, even the exchanges that traded very well up until the meltdown we had at the end of may. i see the opportunity there and i see it on the back of the overall markets trading more favorably. >> i think that goldman and morgan stanley have going to be mixed. if you looked although jeffries last week, 37% dropped sequentially. you may have some parts good but you'll have some that is really soft. >> and goldman says that. >> i think you do want to play a story like a wells fargo that has positive operating leverage opportunity. that's the story for wells fargo. >> can you have too much exposure to housing? is too much of a good thing ultimately a bad thing? >> we can make it up on the other side. as the nim goes higher. >> we like that. >> i know you like citi. >> everybody is talking about c

last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i want to thank speaker pelosi for putting this together. i want to thank all of the of for coming out on a smell it -- snowy san francisco date. [laughter] we've been told we should get us know when we go back outside. not sure what to expect. second, i thank speaker pelosi for all the work she did to support the jobs act and before that, the stimulus bill, the original american recovery act bill that allows sba to be able

jpmorgan and wells fargo. wells fargo doesn't give you that same oom poomph. >> they have exposure to housing, wells fargo through the mortgage business. all the banks have pulled back. wells has kept chugging along. of course, i'd love to own them a little lower, but we're long the banks. >> wells fargo is the my least fort gage because of the mort garnl exposure and because they're not going to pick up share in europe like citi and jpmorgan and b of a. >> but they're all about being slow bu steady. when you look at the names, you don't get the violent move to the downside or upside. look at 52-week highs. >> you may not get a great read until you get morgan stanley and goldman in terms of the fixed income currency and commodity trading and the impact of the market, the bond reaction as weiss you were talking about until the following week. >> that's true. but what you'll see from -- first of all, i think part of that is in the stocks already. there will be less impactful to the bank's earnings and then uch t

. >>> this weekend wells fargo ceo at his home demonstrated. wells fargo accounts for much of california's foreclosure activity. demonstrators were upset about current policy. >> to sit down and talk to us about loan modification. we do not want to lose our homes. >> the company responded by saying there will spago has helped many people. -- the company responded by saying wells fargo has helped many people. >>> a wildfire prompted a parties to the clear a state of emergency. the fire has been burning for seven days. around 6700 people had to leave their homes behind. that fire is still threatening 5600 houses. it has burned 42 square isles. cold weather and rain helped firefighters gain more control over the fire. flames had spread to remote areas that are difficult for firefighters to access. members of the crew are using trams to get to the fire. >> it is the hardest way to fight a fire. get, we have got to have the boots on the ground. >> the congressman saved the -- the congressman surveyed the distruction. much of what is behind him is al

wells fargo, jpmorgan friday, enis? >> the whole sector has been rallying over the last couple of weeks. and generally, financials actually rally into earnings. and then it gets a little bit trickier. i still prefer the commercial and regional banks like wells fargo, who are going to benefit from the rates going higher in the future. but i think the investment banks might be a little bit more difficult, off a the volatility that we've seen globally. investment banks generally are much more correlated to global volatility and european banks have not been acting well. i really don't like that space. >> still ahead, we have done the math and we have calculateded some of the biggest movers and shakers in this week's shortened holiday trading session. we'll take a look at the biggest pops and drops for the week and that's next. >>> "fast money" means trading. everybody's got to bring their best information each and every night. the entire trading day is the preparation for the show that night. >> it's idea generation. it's a

so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people. was. going to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized in struggle here in the city for their rights for housing rights for tenant rights for all sorts of things before the occupy movement really call us like last year. you're. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement resulted in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all of

entered in the contract in the first place. >> reporter: we reached out to wells fargo. right away they agreed to put the car in the daughter's name. they could not explain what happened here, and said "we comply with the law of the applicable state and attempt within the constraint of the law to assist those claiming a right." it is a victory for these sisters, who know their dad would have wanted them to fight for his car. >> just to know we got to keep what he, what was important to him. >> lisa could have been spared the complications by cosigning for the car, and she could continue the make the payments. but there are risks for cosigners if a person does not make the payments, it can ruin your credit score. on the consumer watch, sue kwan. >> if you have a consumer problem, call our hotline. >>> starbucks is giving its yogurt a makeover by going greek. they are going to sell greek yogurt parfaits. they will be in grocery stores in 2015. greek yogurt now has a third of the market. >>> and taco bell says it will stop serving kids meals, because they are not boosting s

so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people. was. going to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here and that have been organized in struggle here in the city for their rights for housing raids for tenant rights for all sorts of things before the occupy movement really call us like last year. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all o

so we're here to defend the right to housing which is why we've had a campaign against wells fargo and the big banks have been foreclosing on people. was. going to. work here today is january twentieth when we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized in struggle here in the city for their rights for housing rights for tenant rights for all sorts of things before the occupy movement really coalesced like last year. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all o

mi pueblo says it reached an impass with only secured creditor, wells fargo bank. >> having a line of credit is just part of normal business and unfortunately, things are negotiations with the bank have not been going well so this is something we were forced to do. >> abc 7 news contacted wells fargo. >> michael finney joins us live with an update. >> yes. >> on a story about what kind of mileage you can expect and this is well, shall we say interesting to learn what these numbers are? >> yes, they are. now i you may remember i told but a consumer reports test of several vehicles we found out many cars were not actually getting mileage listed on the window stickers ford says it will be offering free software upgrades. board says changes are designed to improve chaimpkdz. new flood insurance rules could be postponed for another year. many homeowners and are facing huge increases in their presume yims. government had been subsidized but reforms allowed rates to raise for properties that flood time and again. rates were to increase by 25% per year, every year until grandfathered rates re

so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people. was. going to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized in struggle here in the city for their rights for housing rates for tenant rights for all sorts of things before the occupy movement really coalesced like last year. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all of

i do have one question for wells fargo. what are the typical rules for applying for sba loan of less than $50,000? how much money do we need to have in your bank to apply for a loan? >> i am on the smaller side of the bank. i am a transaction guy. i do not technically require one to have an account to do a loan with. what i look for, i generally start at 100,000 and up. when it is a requirement of 50,000 or less, i tend to call of the micro guys to help me out. that is right in their box. for us, the capacity for us to do the smaller side is not there as much as it is for them. on getting a loan through my side of the bank, i do not require an account to do that. we would like to have it, but i do not require it. >> last question for the opportunity fund and a critic representative. are you a cdfi? is san francisco and s.p.a. in support of cdfi's being established in san francisco? >> yes, we are. we were founded in 1999 with a small business loan. that is how we started our tenderloin office. >> opportunity fund is a certi

so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people. that want to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized in struggle here in the city for their rights for housing rates for tenant rights for all sorts of things before the occupy movement really called us late last year and. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all

so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people. was. going to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized in struggle here in the city for their rights for housing rights for tenant rights for all sorts of things before the occupy movement really coalesced like last year. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now be back and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all of t

so we're here to defend the right to housing which is why we've had a campaign against wells fargo in the big banks have been foreclosing on people. was. going to. work here today is january twentieth and we're out here in san francisco with lots of people protesting for lots of different reasons it's part of the occupy movement but also a lot of people are out here that have been organized and struggle here in the city for their rights for housing rights for tenant rights for all sorts of things before the occupy movement really call us like last year. the crime of false witnesses in economic fraud linked with the scandal of robo signing was acknowledged by a government agreement it was altered in a fine of twenty billion dollars to be paid by the banks a subsidy of only one thousand eight hundred dollars was due to those who had seen their houses illegally foreclosed. and now we've got and there was an investigation and a recently announced the national mortgage settlement which addressed it was a as a result of the ruble signing scandal. and. it's it's tough to think about. all of

it's in fargo, and we visited that clinic in january. producer rebecca dryden spoke to the clinic director about what it is like to be the one and only state in the whole state and trying to end access to legal abortion in your state by shutting you down. >> any time when the legislature meets, they absolutely know there's only one clinic. they targeted, the legislature targets us just as much and they have a lot more power and clout to make things difficult for us. and so in this next legislative session, we think a personhood bill is going to pass which would basically outlaw abortion and then somehow that would have to be tackled and fought against. and being the only clinic also would make us the ones that have to take on those challenges. that's the other big kind of downside is that when you are the only clinic, you're the one who has to step up and fight the battles and take on the challenges to do those. to fight against the legislative actions. >> that was in january. since then, the republican legislature in that state passed a

pay card holders can check balances, says wells fargo. at no charge 24/7 through a toll-free number, at least those that are issued through wells fargo. they can also do that online via text and at any 12,000 wells fargo atms. as always, sue, good to know the fees and rules involved here. >> absolutely, ty. >>> meantime, federal authorities in new york city accusing a former tiffany executive of stealing more than $1.3 million worth of jewelry. the woman was arrested at her home in darion, connecticut prosecutors say she took 165 pieces of jewelry, claiming she needed them for work reasonsch she was authorized to sign out jewelry pieces. they then said that -- they then said that she sold those items to an international dealer. tiffany declined comment. right now tiffany's shares are down just a little bit under half a percent at 72.49. >>> meantime, the market is under some pressure right now, and part of it i'm hearing from some of the traders on the floor, is that people are very nervous down here about the situation in cairo, egypt. a

it's in fargo, and we visited that clinic in january. producer rebecca dryden spoke to the clinic director about what it is like to be the one and only clinic in the whole state, and to know that the republicans in the legislature are doing everything they can to try to end alcohol's to legal abortion in your state by shutting you down. >> any time when the legislature meets, they absolutely know there's only one clinic. they target it. the legislature targets us just as much, and they have a lot more power and clout to make things difficult for us. and so in this next legislative session, we think a personhood bill is going to pass, which would basically outlaw abortion and then somehow that would have to be tackled and fought against. and being the only clinic also would make us the ones that have to take on those challenges. that's the other big kind of downside is that when you are the only clinic, you're the one who has to step up and fight the battles and take on the challenges to do those, to fight against the legislative actions.