Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba
Mountains, highway 101. There may be foggy areas. Back to you. Thanks so much, mike. Our breaking news that were covering, this week will be critical more than 14,000 firefighters battle 17 major fire complexes sparked by lightning storms burning mostly in Northern California. The wildfires caused at least seven deaths statewide and destroyed at least 1,200 homes. And in the bay area there is a lot of ground to cover. Our team once again covering every inch of it this morning. Today in the bays Cierra Johnson is live in wine country where workers were nervously hunkered down there. But we begin with kris sanchez in Santa Cruz County. Were actually hearing from an evacuee. Reporter yeah. Weve been hearing a lot of these harrowing stories of how fast people had to pick up and leave. Sheriffs deputies are still looking for four people who are missing, reported missing from the evacuation area. That means no one knows whether they made it out or not. Maybe theyre among the 77,000 evacuees.
Through the day. We have seen more favorable yesterday and we flew the weather during the Early Morning hours as we look at the three aircraft the maximum we could main fire zones right now. Fly as far as the hours we could put on in a day per regulations. The scu lightning complex is moving through the diablo range, we did that and i anticipate parts of the south bay as well. Today we will meet the same temperatures are in the upper criteria and maybe even exceed the water drop. 50s right now heading into the upper 80s in those areas and then we go to the lnu lightning theyre ready to meet the complex fires that are now in challenge to help our ground resources. The mid60s. Humidity also a little bit higher. Bonny doon, a lot of good, hard work being done. Lines put in. A slow, tedious process. Well talk more about this were working hard on that and coming up. Starting to work doing some how is it looking for drivers things to work deeper into the heading out the door . Incident, work
Crude down, and participating in that risk on rally as well. Time now for global exchange, where we bring you todays market was a news from around the world. From hong kong to brussels, jahans burke and washington, our bloomberg voices are on the ground with this mornings top stories. , the death toll is now over 3000. Joining me is yvonne man. Heard of newst infections in south korea, iran, and spain. Germany, as well, and additional 188 cases. This virus has spread in 13 countries and 16 federal states. At this point, the threat level is at moderate, but could quickly change. Deathstioned the global now topping 3100. Theres also the corporate fallout we continue to watch, with nissan now saying they could be preparing for deeper cuts. The carmaker has been struggling ever since Carlos Ghosns arrest. This virus only exacerbates the troubles. There are signs of life returning back to normal in china. Just heard from han hi from honhai, apples biggest supplier. They have been dealing wi
The committee on homeland to get he will come t to order. Let me set the outset number of our members are still en route from the Prayer Breakfast this morning. They will join us accordingly. The Ranking Member being one of them. The committee is meeting today to receive testimony on the department of Homeland Security use of facial recognition and other biometric technologies. Without objection the chair is authorized to declare a committee in recess at any point. Good morning. The committee is meeting today to continue examining the department of Homeland Security is use of facial Recognition Technology. The Committee Held part one of this hearing in july of last year, after news that thet department was expanding its use of facial recognition forth varying purposes, such as confirming the identities of travelers, including u. S. Citizens. As facial Recognition Technology has advanced, it has become the chosen form of Biometric Technology used by the government and industry. I want t