for the companies, and for costco customers. >> for costco companies, the question debit or credit has a new meaning. for 15 years, credit has meant using only an american express issued costco credit card. starting next year it means using any visa credit card thanks to a new partnership announced toda visa will serve as the exclusive network processing credit transaction at costco's 474 locations in the u.s. and puerto rico. citigroup will be the card issuer. costco credit card holders need to revert to the new credit cards by next april. the announcement costco would let the partnership with american express expire next march taking the financial industry by surprise and creating a vicious competition between banks vying for that business. warren buffett weighed in on the situation. >> someone was going to get the bid. american express learned a week or two ago that they were not the one who was going to get it. i don't know the terms of the new deal. but i don't think citi will get rich off of it. >> the costco portfolio offers admittedly low margins to an issuer. evercore said it'

costco's on fire. a constant reminder that american express should have found some way to do that deal because costco's expanding everywhere. >> stock's up 26% in a year. seems like every other day you lament having sold too soon. >> stupid as wood. i was one of the classic mistakes, not unlike owning abbvie, which is proving to be a challenging thing. challenge like rex tillerson said volatility that means going down. challenging means you're an idiot. >> interesting to note walmart's decision to raise wages for workers and costco has always been the poster child four high wages if you will. >> right. and one of the things that jim senegal said to me, not only do they pay but have the best benefit package. >> they succeed. >> no turnover. a third of the company's costs typical company like a walmart goes to training people. you do not need to train people when there's no better place to work. and costco's tremendous hire. always the same people when you get the crab legs or eat free samples. i'm alway

. >> reporter: costco would know discuss its next step. >> i have no comment. >> but costco does not seem to learn their lesson and they can certainly afford it so there is a possibility they will appeal. >> reporter: now it is up to costco to make the next move but they are not giving any indication as to what they might do. they can appeal today's decision. barbara? >> all right, richard, thank you. >>> take a look now outside. the rain rain apparently is ending. joinings with a forecast. >> good morning. getting a little light rain just to the south of the metro area. right now the storm team 4 radar showing that's continuing to track often to the north and east coming from all the way down in tennessee and northern georgia. most of this though is going to pass south of us later today. right now storm team 4 radar showing some rain falling from fredericksburg down to southern virginia south east of virginia and southern maryland. this little bit of light rain in the areas of green, a few sprinkles now in prince george's county ande arundel, south as well. tracking most to the sout

this is a popular costco store. costco says not everyone is against the gas station. in fact, they say they have thousands of supporters. so today at 9:30, a montgomery county council building, the board of appeals is expected to make their final disietion after five years -- decision after five years of debating. we should finally know if they'll be allowed to build a high volume 16-pump gas station at the wheaton westfield mall. coming up in the next half- hour, i'll explain why it's not just the location of these pumps and where they would be in terms of how close they are to the schools or to these homes but they also have environmental schools, at least according to the people who are opposing these costco gas stations. i'm have more on that coming up at 6:30. for now back to you in the studio. >> nikki, thank you, in wheaton, maryland this morning. >>> hillary clinton insists she didn't break any rules when she used a private e-mail account for official business during her term as secretary of state. >> she answered some questions yesterday about the issues. sus

costco is subject to them buying the credit card portfolio. costco and american express parted ways after failing to reach an agreement on renewal terms. costco says the deal with visa and citigroup would take effect the next day. >>> ikea is unveiling a new line of furniture that will do more than test your assembly skills. it will also charge certain mobile deal vices. it has incorporated technology into coffee tables and lamps. it using a charging standard that's compatible with the latest samsung phones. it will sell an april can'ter for iphones and other devices. the high tech furniture is set to go on sale in north america. a man shot in the middle of a top spot in san francisco. we're asking how cleaning up crime in the broadway district, how those efforts are doing. >>> thank you document making ktvu your choice for news -- -- thank you for making cute -- for making ktvu your choice for news. you can follow us on twitter and facebook. bulldog: mattress discounters good deed dogs is raising money to train service dogs for people with di

this is the parking lot where cost costco wanted to build that station and right down this hill is a community pool and there's a special needs school and residential neighborhood less than 150 feet away. fear of noxious gas fumes and increased traffic were two of the main issues here and so following five years of tug of war that generated 9,000 pages of testimony and hundreds of exhibits, the montgomery county board of appeals has voted against costco one member saying his decision made easy after he learned there are 25 gas stations within a seven minute drive from where i am standing right now. that, he said, is proof the community did not need another fill-up spot. we did try speaking with costco's legal team about today's decision but it would not comment. >> our community has spent literally tens upon tens of thousands of dollars to fight this fight to this point and i think what you've seen is that a well prepared group of amateurs can defeat the big boys. >> under a new zoning code, costco could reapply for a new construction permit in the next 18 months. no word if it plans

a five year battle costco vs. this outspoken neighborhood resolved at last. >> today, montgomery county's board of adjustment nixed the plans to build the gas station. karen says it could have affected this nearby special needs school, community pool and dozens of single family homes. >> our community has spent literally tens upon tens of thousands of dollars to fight this fight to this point. and i think what you've seen is a well prepared group of amateurs can indeed be with the big boys. >> public documents show there are already 25 gas stations within a seven minute drive of the wheaton mall. no need for 26 argue opponents like this. >> it is sad and disheartening that our community has put through a nightmare scenario. >> following today's vote costco's legal team left in a quiet hurry. no comment to be had. >> costco got into a situation. it didn't want to back down. it's been told it's done. >> things might not be over. a new county code would let costco reapply for a construction permit in over 18 months.

gas station. >> reporter: costco would not discuss its next step. >> no comment. >> but costco does not seem to learn their lesson and they can certainly afford it, so there is a possibility that they will appeal. >> reporter: it's up to costco to make the next move. they can appeal today's decision, but they haven't indicated yet what they might do. reporting in rockville richard jordan news4. >>> it's a decision that has a lot of people talking. come this fall, some local kids will be back in the classroom earlier than ever. manassas park city schools just approved the first day of school to fall on august 17th. virginia schools have a so-called kings dominion law that keeps students on vacation until after labor day. prince william school district were granted a waiver and will start classes august 31st. >> announcer: and now your storm team 4 forecast. >>> feltd like spring out there. >> so nice today! >> but you want to show us a snow sculpture. are you trying to tell us something? >> i think this gentleman may like it if we get a little bit of winter back. in fact some of the

but at the costco in danville, there is an employee who makes everyone there feel important. and ktvu fox 2 news' john sasaki tells us that employee is facing some serious challenges. all of which prompted some of his customers to give him a big surprise. >> reporter: as shoppers ebb and flow at the danville costco, one of the first and last people they say is 45-year- old arlie smith. >> he is always at the door, always giving receipts, and smiling and happy. >> reporter: he has worked at the store 21 years, but not without challenges. >> he was diagnosed with primary progressive ms. >> reporter: multiple sclerosis. then last september, his body threw him a bigger curve ball. he has terminal bone cancer. now with maybe two years to live. >> since the time he was told that, he has been enthusiastic and happy. and i'm not kidding. >> reporter: he is such a beloved figure some customers heard about the cancer and decided to do something nice for him. >> what are we doing? >> reporter: at 1:00 p.m., they invaded the store. >> we are all here today because we love you so much. >>

. >> that is what life is about we are put here to >> big surprise for worker known as the costco guy. >> stay tuned. woman: she wants to be home with her friends. but at this moment she's fighting a brain tumor. announcer: please take a moment and join st. jude in finding cures and saving children. visit stjude.org. >>> covering santa rosa, berkeley, san jose and all the bay area, this is abc7 news. >>> it is 4:41. >> hillary clinton is speak out about her decision to use her private e-mail to conduct government business when serving as secretary of state. hillary clinton said looking back the actions were a pass take but she rejects accusations she created a security risk or violated the law. she spoke publicly about the controversy yesterday saying during the four years as secretary of state she exchanged 60,000 e-mails and half were work-related e-mails. >> looking back, it would have been better to use two separate 15s, and two e-mail accounts. i thought using one device would be simpler and obviously it hasn't worked out that way. >> she said no e-mail exchanges contained classi

his name is arley and has worked in this costco in san ramon for nearly 22 years. but the outlook is cloudy as to how many more years he can do it because of the cancer spreading through his body. >> how are you? i hope you feel better. >> reporter: arley smith is always showing empathy if a customer walks in complaining about a gold. but the tables were turned on him today. some shoppers at the san ramon costco knew arley is the one who needs a smile and some cheer. cancer was discovered in one of his kidneys. the cancer has spread to his bones. so a group calling themselves arley's angels surprised him today after organizing online. >> we know what we need to do, raise some money. $5, $10 $100, whatever you can do. >> reporter: inside a gift basket was money for a bech getaway for arley and his wife. contributions topped $2,500. >> all these people who he has reached out to, now they're there for him. i can't believe how many sweet, wonderful people there are. >> i'm richer than bill gates and the guy from facebook and those guys on shark tank, put them all toget

american express had been costco's exclusive partner since 1999. costco customers currently charge a reported $80 million a year on their amex cards. >>> ikea's new smart phone line features desks tables, and lampss all with built-in wireless charging pads. no need to use a charger. just slide the device on the furniture. the furniture does need to be plugged in. the multitasking furniture goes on sale next month. wireless charging isn't exactly new. last year starbucks started rolling out ♪ with kaiser permanente you'll connect with your doctor any time anywhere. another way care and coverage together makes life easier. ♪ become a member of kaiser permanente. because together, we thrive. ♪ >>> i'm ken bastida in the kpix 5 news room. new at 6:00 tonight, sounds like a great deal to sell your used iphone, but is it? we talk to disgruntled sellers who say it comes with fine print and a consumer catch 22. and they haven't played together as the original grateful dead in 20 years but dead heads have not lost their affection for the iconic band.

. >>> costco plans to build a pump in wheaton. montgomery county board of appeals denied a petition to build a 16 pump station. it would have gone up at costco right there at westfield wheaton mall. residents have opposed this calling it a health hazard. they say fumes from idling cars would harm kids who use a nearby swimming pool. they are calling it a victory. >> this proposal should never have been put forward. it is sad that our community has been put through a nightmare scenario. >> the board says there is no need for another gas station there. costco representative didn't comment on it. >>> former marion barry, a mural was revealed. the 12 by 16 foot painting is in ward 8 and can be seen from 295 northbound. an effort is under way to recognize barry in other ways possibly naming a street or school after him. >>> a local couple encountered an unexpected magical moment on their wedding day. it led to a bigger regret. now they are trying to go back and fix the problem. they need your help. take a look. >> reporter: life is fil

a gas station for costco at the westfield mall in wheaton. montgomery county reporter kevin lewis live with reaction to the vote that we've been waiting on for years now. kevin? >> absolutely alison this is the parking lot where costco wanted to build that 16-pump gas station and right on down this hill is a community pool. there is a special needs school and dozens of single family homes. all within a few hundred feet of here. fear of noxious gas fumes and increased traffic were two of the main issues following five years of tug of war that generated 9,000 pages of testimony and hundreds of exhibits, the montgomery county board of appeals, it voted against costco. one member said his decision was made easy after he learned there are 25 gas stations within a seven minute drive from where i'm standing right now. he said that was proof that the community really didn't need another fill-up spot. now, we did try speaking with costco's legal team about today's decision but it would not give us a comment. >> i think what you've seen is a well prepa

the card is the only credit payment accepted at costco. costco says it provide more information in the coming weeks about how customers can transition to that new card. speaking of silti, the bank is one of several companies that let you check your credit card free of charge. discover capital one already offer free cred score access for their customers. some citibank customers with can see their fico score online at no cost one time each month. every consumer has the right to get their annual credit report once a year. for that visit annualcreditreport.com. you can take a look and make sure that it is accurate. now, coming up tonight at 5:00 this is a fun one, could you go 21 days without using any type of plastic, all cash? two local women take our challenge. it's based on the financial columnist michelle singletary's book "the 21-day financial fast." we'll have their stories and stick around far facebook chat with singletary right after our story airs coming up at 5:00. see you then. >> thanks erika. >>> if you need some help knowing you

ending a big partnership with costco and jetblue. they lost an antitrust case that could have consequences on their business model long term. today is the day investors want to hear specifics. they want to hear how the company is going to overcome some recent setbacks specifically. they want some reassurance that the string of bad news is not indicative or a sign of bigger problems at the company. olivia: very nice color. losing costco as such a stake music and -- as such a significant client, does that look like it will be a one-off or does that signal bigger problems with other clients? elizabeth: one thing that surprised a lot of people about costco is how big a partnership that is for american express. and what a big chunk of business that is. 20% of loans, 8% of spending, one out of every 10 cars at american express is a costco card. the fact that that could disappear has rattled a lot of investors. it does speak to competitive pressures american express is facing. consumers are increasingly, they want the best rewards they can

coming up, lots of hugs and a big surprise for the man known as the costco guy. >> and it is like the nobel prize for high schoolers. the huge honor and big prize awarded to a local teenager. and there is room at the inn. the whole thing can be yours except there is not just money >>> a bay area teenager has been named one of the nation's brightest young scientists earning him a $150,000 prize. 17-year-old andrew gin of the harker school won from the intel science search. he created anal go algorithm for genome mutations that will help understand the genetic causes of diseases. >> while many of us got spend some time at the conference in san francisco response erred a booth and abc7 news anchor cheryl jennings emceed the event. jackie spears started professional business women of california 26 years ago to help level the playing field for women. >> it is not going to come without demanding it. it is not going to come organically or naturally. anything we have achieved has come with battle. >> women need to have each other's back. this is what this conference is doing. we have each oth

in fact, a majority of it comes from outside of costco. but costco did not renew in canada on december 31st of 2014. so already the knowledge that is out there that at least in canada they have not come to terms. and now it's become apparent that they have not come to terms in the u.s. >> you're stake in american express increased but it's because the company was buying back shares. >> we have an arrangement. we -- american express has become a bank holding company since we originally bought our stock. we're over 10%. we can't buy another share. but because american express buys in its own stock, our percentage interest has gone up. and we love it. they're getting very close to a billion shares outstanding. when they get to a billion shares, we'll own 15.2%, i think it is. >> you have about $12.5 billion in american express shares? >> we have 150 million shares. we have about $12 billion, yeah market. >> guys i know there was a question from back in the studio. >> yeah. i wanted to ask on amex specifically, some people believe over time it

coming up, lots of hugs and a big surprise for the man known as the costco guy. >> and it is like the nobel prize for high schoolers. the huge honor and big prize awarded to a local teenager. and there is room at the inn. the whole thing can be yours except there is not mt. hood was left off the list. so was the oregon coast, the columbia river gorge and the painted hills. smith rock and the wallowas are all missing. whoever named the seven wonders never set foot in oregon because even crater lake was left off their list. so we see your wonders world and raise you seven of our own. the seven wonders of oregon. see one, or better yet see them all. >>> a bay area teenager has been named one of the nation's brightest young scientists earning him a $150,000 prize. 17-year-old andrew gin of the harker school won from the intel science search. he created anal go algorithm for genome mutations that will help understand the genetic causes of diseases. >> while many of us got spend some time at the conference in san francisco response erred a booth and abc7 news anchor cheryl jennings emceed t

. >> and a costco change-up. the credit card companies, big box retailer is now teaming up with. ♪ at kaiser permanente everything you need is under one roof. another way care and coverage together makes life easier. okay, a little easier. become a member of kaiser permanente. because together, we thrive. ♪ >>> a man suspected of stealing a rental truck and leading police on a slow speed chase over southern california freeways. stealing a truck from a budget rent a car in a los angeles suburb. police officers followed them for miles and used spike strips to deflate the tires. the driver finally surrendered. >>> two men shot yesterday were apparently killed over a gun deal. that what neighborsed? liver more. police say that contraband was involved. the suspect james weir of livermore in jail tonight. they say weir has a reputation. >> never left, doesn't do anything productive i can tell you that. that's for sure. >> shooting happened yesterday near the elementary school in what is considered to be a safe part

losing that costco business meant the company lost 10% of its profits. it's a big blow to american express. >> did they give any reason or as to why they lost at business? >> chenault made a couple of interesting comments during the presentation. he said first of all, that costco wanted amex with higher cost and the retailer wanted a credit utility for kplients. amex is focused on retaining those clients. wouldn't say how. good results from this in canada but interestingly, the company's ceo said if we don't continue to retain them, we're going to hav to go through restructuring. that's code for job cuts. >> another setback was the loss of a recent anti-trust suit. what if anything did they say about that? >> chenault say they're going to appeal the lawsuit. the remedies have been filed, once the judge rules on the remedies the company will request a stay of the ruling during the appeals process, so they're asking basically that can't request customers use less than american express does. >> he's had a very long run at american express. he's had a very s

if you read the article before you saw costco's results, your mind races and you think, oh, my scary. very expensive stock, has run way too much like so many others. but then you see the actual numbers and you have to do a radical revaluation, because costco's neither frost-bitten, nor on thin ice. it's undervalued, and yes, underestimated. why is that? because i think neither the journalist involved here nor his or her editor nor the people whom they interviewed for the article recognized how strong ceo craig jelenek and his team really are. so whatever bubble you may thee costco may be caught up in, it's directly contradicted by the facts. perhaps the $66 billion retailer is worth more than what it's selling for based on these numbers, not less. or kroger up nearly 7% today, after reporting an incredible quarter. i've been pounding the table on this kroger story since spending time with management and recognized how competitive they are and how they're leveraging their scale to wrench the profits from the food companies that supply them. i like kroger's strategy of consolidating a o

coming up, lots of hugs and a big surprise for the man known as the costco guy. >> and it is like the nobel prize for high schoolers. the huge honor and big prize awarded to a local teenager. and there is room at the inn. the whole thing can be yours except there is not just money in a race, it's about getting to the finish line. in life, it's how you get there that matters most. like when i found out i had a blood clot in my leg. my doctor said that it could travel to my lungs and become an even bigger problem. so he talked to me about xarelto®. >>xarelto® is the first oral prescription blood thinner proven to treat and help prevent dvt and pe that doesn't require regular blood monitoring or changes to your diet. for a prior dvt i took warfarin, which required routine blood testing and dietary restrictions. not this time. while i was taking xarelto®, i still had to stop racing, but i didn't have to deal with that blood monitoring routine. >>don't stop taking xarelto®, rivaroxaban, unless your doctor tells you to. while taking xarelto®, you may bruise more easily and it may take

>> at costco -- >> is that on your mind now? >> i am always hearing it and it is always on the internets. >> i like both of them equally. >> i am more of a target girl myself. hey. >> and unemployment is going down. they need something for incentive. >> he said what i need is a good recession. >> as long as selfies are to the a racial slur, first a word from our sponsor. >> it is the tom shillue barber shop starter kit. it is all of your favorite songs on 1400 cassettes like this one. this one is a gem. and who could forget this one? order yours today. >>> a chicago bar is banning selfies. they want to enjoy their cocktails in the el gept space without their phones. their owner explains. >> silence your cell phone. if you want to enjoy it leave it at home. >> what if my selfie lighting is perfect. >> you don't feed to post a selfie when you are out supposed to be enjoying dinner or drinks. >> they have other house rules which includes hitting on uninterested women. >> jimmy, come on if you can't hit on uninterested women, how ar

the east bay community rallying around a costco employing and his family. >> abc7 showing a picture of the bay bridge toll plaza where traffic is stacked up. just a little bit of who cares what it holds, if it can't hold your gaze? who cares how tight it can turn, if it can't turn heads? who cares how capable it is, if it's incapable of creating a reaction? any suv can move something. but can it move you? introducing the first-ever lexus nx turbo and hybrid. once you go beyond utility there's no going back. wow. sweet new subaru, huh mitch? yep. you're selling the mitchmobile!? man, we had a lot of good times in this baby. what's your dad want for it? ..like a hundred and fifty grand, two hundred if they want that tape deck. you're not going to tell your dad about the time my hamster had babies in the backseat, are you?! that's just normal wear and tear, dude. (vo) subaru has the highest resale value of any brand... ...according to kelley blue book ...and mitch. love. it's what makes a subaru a subaru. >>> a look at rainfall amounts possibly where you live from .301 in san rafael to fa

costco reporting full earnings. this time $1.35 beating the street by a very wide margin thanks to wide robust gasoline margins. slightly missing consensus though. total same store sales up 1%. l brands the parent of victoria's secret and bath & body works, more than a prt better than expected. much of that due to strength from victoria's secret. we're up 7%. of course a lot of lingerie bought for valentine's day. and swim wear push really punctuated by the first-ever swim suit tv special. gap will report after the bell. the street expecting to improve 1.4%. strength continuing to come from that old navy brand though the name sake brand is still going to be a drag on the results. becky? >> all right. courtney, thank you very much. >>> let's get a check quickly on the euro. as we mentioned, the ecb leaving rates unchanged. but we are minutes away from mario draghi's news conference. right now the european markets at least look like they are tradeing up the major indexes. the ftse in london up by .5%. you can see the

they will become the exclusive issuer of the costco co-branded credit cards. costco and amex decided to end their relationship after failing to come to terms on a new agreement. that arrangement accounted for about 10% of american express's cards. and a takeover at the world's largest fast chain, and the new leader will speak to suppliers and they may reveal changes to mcdonald's ingredients or two -- a switch to antibiotic -- free -- antibiotic-free meats. you can find a streaming for free, on bloomberg.com, on your phone and on your tablet. not all is picture-perfect at getty images. that when "bottom line" continues in just a moment. ♪ ♪ >> welcome back, this is "bottom line" on television and streaming online, on your phone, and on bloomberg.com. a kiss in times square, during the vietnam war, the fall of the berlin wall, and a remarkable touchdown catch, but the company that owns these images, getty images, is facing a very outlook. our bloomberg corresponded joins us in the studio with more. thanks for your time. what is going on with getty's cash? >

>> reporter: i guess you can now if going to costco. costco announced it was ending its 16-year partnership with american express. the visa card will come complete with an awards program. we're hearing that -- we will hear more news about the transition. it's going to be sent to costco members in the next few months. >>> meanwhile shares of lumber liquidators are down. some of the flooring may fail to heat safety standards. muscle of it its laminate flooring is made in china. it failed to meet formaldehyde standards. but they insist its flooring is safe. >>> furniture is being built with tablets in mind. ie key came is launch -- ikea is launching a new selection that will charge your devices wirelessly. it should be available within the month. >>> it's not delivery or carryout. it's kind of a little bit of everything. pizza hut is teaming up with visa to test technology which will let drivers order and pick up a pizza without picking up a phone or leaving their car. it's a connected car seem that will emerge visa checkout with blu teeth

however, coming out of costco and find your car looking like this. you can see right here the most expensive-looking barbecue i have seen that is completely burning down. as the flames die down it was going to be rescuable. but fire department turns up puts out the fire they have to yank off all of the sheet metal and make sure everything was safe. this car, a total loss. the guy had just got done getting all of his shopping from costco, came out and found this. >> hope you're insurance is up to date right. >> you would think on a pricey little thing. >> 200 grand. >> such a beautiful car and now it's just a hot mess. >>> it's a popular and easy youtube challenge to try. the chubby bunny. you know this one. you take turns stuffing marshmallow in your mouth and you to have say chubby bunny. this is being done by the youb tube channel. >> stick it in my mouth. >> went to a college campus. folks who could stuff the most marshmallows in your mouth. winner gets 20 bucks. >> chew the marshmallows? >> not supposed to chew the marshmallows. shove them in you

the move came as costco reached an agreement with banking giant city to create a costco visa credit card for consumers. >>> bill gates once again the richest man in the world according to forbes magazine. microsoft founder is worth $79.2 billion. he has topped this list in 16 of the last 21 years. mexico businessman carlos slim is second and investor warren buffet is third. >> aaa has named its top hotels in the philadelphia area. the rittenhouse omni and hyatt at the bellevue all finished in the top three on the list of five and four consumed awards. the honor salutes the best in lodging and restaurants and you can see the full list of aaa's top hotels on 6abc.com. >>> the free library of philadelphia has opened an exhibition celebrating the manuscript art made by german. you can check out 1300 of the pieces at the free library until june 14. as a small business owner you wouldn't deliver just half of what you have to offer to your customers. so why are you settling for half-fast internet? only verizon fios comes with speedmatch - uploads as fast as downloads so files go out in a snap.

a new county code would let costco reapply for a construction permit in 18 months. dozens of drivers saw their morning commute come to an abrupt halt today because of potholes. maryland's bureau chief brad bell shows us how bad the problem is and what's being done to fix it. >> today it's not snow or ice or even an overturned tanker truck. the enemy of all commuters today, tires flattening potholes. >> i heard a bam or something. >> trina miller among nearly a dozen victims of a two lane wide chasm on route 50 near bowie. she called her husband for help. >> right there. and then it's two more further down. this is ridiculous. >> we're out here on the beltway with the mobile filling pothole crew. take a look at this crater. six inches deep. that's what's killing cars. the spokesman for the state highway administration says there's a simple explanation. >> it's science. >> as enduring the cold snap water works its way into cracks in the pavement. >> freezes and expands upward on the pavement while vehicles travel and press down on the pavement. that sort of weakens th

let's kick off with costco. overall the earnings pretty solid. >> very solid. there's a little bit of noise in the numbers as you highlight with a one time benefit and with gas prices but overall it's another very solid report and very much as expected. >> so as expected solid report and they're in a sweet spot for the dynamics at the moment n. particular oil prices coming off. they're a clear beneficiary because they're at the right price point. >> right we have to keep in mind costco serves the higher end customer. it's interesting because it's a wholesale club. but what's driving their business now is the on going improving spending environment in the united states. gas prices are helping but it's overall improved spending environment. >> what about the valuation overall because doing well but pretty expensive? >> that's my concern. that's why my team and i have not been recommending the stock because it trades at almost 30 times earnings. now what we're learning in the marketplace is that the market is very much willing to pay higher multiples for these wel

how customers are giving back to a local costco worker. >> so far so good on this wednesday morning. it will be wet out there. things are looking good on the san mateo bridge. coming up we will take a look at the bay bridge. >> we do have some rain out there. we are almost only the back edge of it. it might make for a wet commute. we'll talk about the rest of the day. >>> welcome back to mornings on 2. a police chase in san jose gave people in one neighborhood quite a surprise. the pursuit ended with the suspects car going over a curb and slam into a tree in the area of king court and south king road. the incident started at about 9:20 when the chp officer spotted the car weaving recklessly. after crashing the car, the male driver ran away. left a woman passenger behind. no word yet on whether or not he -- >>> they say he was armed with a knife and tried to steal a bicycle. community activists say many people in the mission district don't trust police because of several officer involved shootings in recent years. they will hold a demonstration on the steps of city hall at 10:00 this

. >>> a few of year fight to bring a -- a five year fight to bring a gas station to costco is done. it was denied. in 2010 costco said the station was needed to open the store, but the store opened before the gas station was approved. neighbors argued the gas station with so many pumps would endanger the health of folks living in that neighborhood. >>> up next what we know about this morning's tragic chopper trash in florida. >> we got a pollen reading today. i put this on my facebook with a link to our website, moderate for tree pollen and mold >>> if you're just getting home, here's a look at tonight's top national stories. 11 servicemen are missing and feared dead after a blackhawk helicopter crashed after a training exercise early this morning in foggy conditions off the florida panhandle. seven marines were from camp lejeune along with four soldiers from the louisiana national guard. >>> protesters planning to gather outside the dallas home of a former university of oklahoma student seen singing a rush slur, the protest organizer says the goal is to send a -- racial slur, the p

citi will become the exclusive issuer of costco card. it will provide more information about how you can transition to the new card. >>> you can save a lot of money on your spring vacation by leaving just a few days later. fare farekpaer.com checked flights in february. it found a sound sunday trip cost nearly $480 a tuesday to subtle trip cost more than $120 less. >>> march is here but we're looking ahead to the warm summer evenings. in couple of months it will launch the summer concert series. national symphony do a special 30th anniversary back to the future. >> pack a picnic outside. i can't wait for warmer nights where we can do something like that! >> it's coming. trust us. >>> stay with us. news 4 today continues now at 5:00 a.m. >>> the you should be fine getting to work and school this morning. you could see more sleet and ice on the drive home. >> storm team 4 meteorologist tom kierein has eye on the winter weather advisory zone. >> good morning. the radar is showing we're getting a little bit of some light sleet here this area

. >> a trip to costco becomes one to remember a couple is on the hunt for another customer would now is much more than just another person in line. >> we have more weather and traffic all morning and through the commercial hey, gracie... you know how our family has... daddy and mommy... and me! yeah, that's right. pretty soon... you're going to have a baby brother. ♪ ♪ and... a puppy. ♪ ♪ [ chuckles ] deal. ♪ ♪ >>> covering fremont, palo alto north bay, and all the bay area, this is abc7 news. >>> happening today, former illinois congressman jesse jackson are j is being transferred to a halfway house after being released from federal prison in washington dc where he will conserve the last part of his 30-month sentence were he pleaded gety to using campaign fund to buy more than $750,000 of personal items including luxury collectibles and clothing. >> little league season is underway doctors have a warning for parents of what it takes it keep your players safe. a study finds 64 percent of parents do not know how to prevent an injury on the field. the biggest danger comes f

. >> a dance-a-thon in san ramon is making a wish come true for a costco employee battling cancer. >> dozens of girls performed at the dance academy to raise money for children's hospital oakland in the fame of 22-year-old arlie smith. he has a battle with multiple sclerosis and diagnosis of kidney cancer. he is a greeter at costco in danville and despite his troubles he wants do give to those less fortunate. his dream is to be the top fundraiser for the children's miracle network hospital raising $$5,000 so far. >> first republican will formally launch a run for the white house today. new at 5:00 a.m. we are in washington dc with the message texas senator ted cruz will deliver. >> people trying to sell or rent their homes could be forced to upgrade their fire places to help all of us breathe easier. >> i will give you commercial messages but i will show you the span of the b listen to this sweet symphony of flavor. beautiful! gorgeous! here comes the fruitful crescendo! incredible. pillsbury toaster strudel. if beethoven made breakfast. (humming) oh yeah. (humming) they're magically

costco says it wants to give customers plenty of notice about the switch. they are ending their relationship with american express after not being able to reach an agreement on the fees and charges. >>> ikea coming out with a new line of high-technology furniture that will wirelessly charge your smart phones and tablets. the aim of the new home smart line is to cut down on cable clutter and eliminate the need to find a charger. the tables and lamps will come with built in charging stap cards known as key. it's aforred by most newer android and windows phones. the home smart line goes on sale in the middle of april. >>> time is 5:26. people of all ages expressing frustration during a meeting in san francisco about last weeks police shooting. >> this is unfair. what is up with you guys? you're supposed to protect the people. >> up next what supporters say the man was actually doing when he was shot and killed by police. >> we are live in menlo park where there is a big push to change the railroad crossing here after a woman was struck by a trip. we'll tell yo

i think that costco growth overseas was a makejor driver for axp. i think they're a sale. i don't think they're going to have the growth that i thought. more important, i felt let down that they had such a key relationship that they let go for whatever reason and never really told us how key it was until after the incident. dan in connecticut, dan? >> caller: hi, mr. cramer. before i give you my stock i'd like to say i've been a loyal viewer since i was in middle school when my dad first introduced me to you. now i'm a finance major at sacred heart university hoping to work on wall street one day. you have been a major reason why and i'd like to thank you for teaching us young viewers so much and keeping us so engaged in the stock market. >> i remember the group of kids from the university of texas today felt the same way. you got to get people involved. the great ideas come from you, my friend by looking around. how can i help? >> caller: i'd like to know your opinion on go pro. they've fallen quite a bit since their highs but i think it's too far too fast since the impor

costco has a deal with city visa to be the credit card partner starting in april of next year when costco's long time relationship with american express ends much san francisco has named the inest city in the united states. cities are ranked by the percentage of worker whose make over $150,000. san jose is number two on the list. the dating site wants people over 30 to pay more. and says they will get more premium services in exchange if including reconsidering previously rejected are fills, and the new price for the older users is $19.95 a month and those young ones pay $9.95 a month. that is the news from times square. back to you. >>> stay warm. >>> if you wish you were in arizona but are not today you can watch it on there, giants and as. >> in warmer there than here today, anyway. opening day for spring training and we are going down to m. sa and look at the giants at the the as and a light chance of a thunderstorm for the most part. it will be a and day for baseball. at him in need for the umbrella unless you shade are self-from the sunshine and that is coming our way and the warmth i

>> we are at costco... >> yes, they got kleenex there. customs at the san ramon store learned that he had kidney cancer that spread to the bones and doctors say he could have 2 1/2 years to live and he has multiple sclerosis. a group calling them "angels," presented them with a beach get away hotel, gas and spending money included. he and his wife do not have kids but he spoils the shopper children by drawing flowers and monkeys on the back of receipts. >> all of this attention on me has done anything for having bone cancer, and ms, i would like to send that forward and turn it around and use that to raise funds for the children's children. >> a viewer like you told us about him. if you have a news tip e-mail us or call the us at or twitter@abc7newsbayarea or facebook. >> that is great. >> kids actually beg their parents to go to that costco so he can see him and get flowers and monkeys on the receipt. >> good guy good guy. well done. >> and live doppler hd shows sycamore valley and diabolo merge, you can see a shower. we this is stretch

. >> coming up next a costco greeter's campaign to help bay area children how you can make a contribution. >> think of names for these fast-growing penguin chicks getting ♪ ♪ ♪ first impressions are important. you've got to make every second count. banking designed for the way you live your life. so you can welcome your family home... for the first time. chase. so you can. >>> tonight's money matters the government takes the country's biggest satellite provider to court. bepromoting a discounted programming package without explaining it requires a to-year contract. it is now selling for just $8 million. stocks ended lower again the in assack off by nine. and a research firm says apple stores attract so much traffic that sales at malls do 10% better than malls who don't. >> the outpouring of support for a danville costco worker is growing today. now, you can help him spread the joy by giving to children in need. arly smith has kidney cancer and multiple sclerosis. yesterday, abc7 showed you generous donations that send him and his wife on a trip. he's been raising money for childrens

>> we're at costco. we have some kleenex. >> however arly is focusing on a way to help children. >> if all of this attention on me has done anything for having bone cancer and ms i would like to send that forward to raise funds for childrens hospital. >> they don't have kids but arly spoils children by drawing flowers or monkeys on the back of receipts. he's about spreading joy. >> wonderful with the kids. plays with kids and makes the best pictures on the receipts. he's just a happy guy, always happy. and smiling. >> i wish i can wear a camera. it's funner than you are job, i think. >> there is more i want to give back. more people. because there are people that need love and encouragement. >> arly says he's not a quitter. in san ramone david louie abc7 news. >> that is wonderful. >> we need rain. >> spencer christian is here with the latest. >> right now is hope. >> there is live doppler seven hd. a live view from our east bay camera looking at cloudy skies and 57 degrees in san francisco. upper 50s in

>> we're at costco. we have some kleenex. >> however arly is focusing on a way to help children. >> if all of this attention on me has done anything for having bone cancer and ms i would like to send that forward to raise funds for childrens hospital. >> they don't have kids but arly spoils children by drawing flowers or monkeys on the back of receipts. he's about spreading joy. >> wonderful with the kids. plays with kids and makes the best pictures on the receipts. he's just a happy guy, always happy. and smiling. >> i wish i can wear a camera. it's funner than you are job, i think. >> there is more i want to give back. more people. because there are people that need love and encouragement. >> arly says he's not a quitter. in san ramone david louie abc7 news. >> that is wonderful. >> we need rain. >> spencer christian is here with the latest. >> right now is hope. >> there is live doppler seven hd. a live view from our east bay camera looking at cloudy skies and 57 degrees in san francisco. upper 50s in

costco said the station was needed in order to open the store. neighbors argued a gas station with so many pumps would endanger the health of the people living in the area. >>> when they go on sale, tickets to this fight will range from 1500 to $7,000. those are the cheap seats. we're talking about seeing two boxing titans clash in the ring for an epic fight this spring. it's already being called the fight of the century. >> they went face to face at a news conference on wednesday. danielle nottingham was there. >> repothe gloves were off. dressed in suits, the fighters made their first and last joint appearance before their bout in las vegas on may 2. >> this is a fight the world can't miss. >> i believe it's what you are waiting for. >> reporter: floyd mayweather jr. is undefeated in the ring after 47 fights. pacquiao has 57 wins but five losses, a factor mayweather hinted may haunt his opponent. >> if you lost, it's in your mind. if you lost twice, it's in your mind. >> pacquiao took a more optimistic approach [ inaudible ] >> reporter: the ho

disney, we have costco best retailer, that's another one i want to come in to buy. amgen and abvi no. amgen will be too hot. abvi, i'm not crazy, but -- i'm putting united technologies as an industrial. that would go well, and i'm going to say that kroger is different enough from costco only because i don't want people to think i don't want you to buy kroger on the weakness. all three of these disney kroger, costco are precisely why you need cash to be able to buy these. these are the kinds of stocks that are to be owed. i want to go to cranthe in texas. >> caller: hello, jim. boo-yah. sdroo boo-yah. >> get rich carefully, and i think the book is very important to thank you for everything you do for us. >> thank you. a lot of us are being conservative, and i think people they needed that after today. how can i help you? >> caller: looking for some gains in the next six months. nothing too long-term. just tell me if my stocks match that -- >> that's fair enough. i like the idea of suitability. go ahead. >> facebook cisco, discover and then bah. >> okay. let me take a