We are up off the lows of the session actually. Still seeing a decline. We were seeing a drop of about into thisprices going report. Usually it takes a little time for it to shake out. Out later where oil is trading. Whats going on in the stock market today. A little bit of a drowned downdraft. You into thee bloomberg and take a look at the groups on the move. We were just talking about oil prices and energy has been one of the drags in todays session. Discretionary stocks are weaker. Financials are weaker in the wake of earnings from j. P. Morgan and citigroup that the estimates. There were some disappointments in the numbers and Telecom Stocks falling. Lost videot had subscribers last quarter. Weve got them strength in utilities industrials and consumer staples. That is the balancing act we are seeing at the moment. Toside of stocks and forgot mention bitcoin rising to a record yet again. 5,200 for one bitcoin. Jamie dimon when asked about that coin said, im not going to talk about b
Beating Goldman Sachs. Coming in atates 1. 5 billion. R. O. E. Over 9 . There with us to discuss is Alison Williams of Bloomberg Intelligence. Your take on the earnings . Too few things . Wealthover 9 and their margin coming in at 25 . We saw that strength at bank of america, we saw strength at wells fargo which was a precursor but those are key metrics. They focus on that r. O. E. And the margin is one of the goals they focus on to get there. Fixed debt in line, the banking fee is something we have seen. Alix what have we learned about Morgan Stanley on Goldman Sachs . Is it all about commodities . It is more execution. Alison it to be a little bit of both. Every quarter is going to be different in terms of where the strength of the overall business is and depending on where the strength in the industry is, that is going to impact who is doing better. And of it is just business product but goldman also says for a Second Quarter in a row they did not navigate markets well. That is what
Sara eisen the dow is up 81 the best day for retail since late july as the markets go green for august absolutely we are also following a big business story President Trump making waves doubling down on a previous statement that, quote, both sides were responsible for the violence over the weekend. Multiple executives stepping down from the white house business councils, some vowing to stay and work with the president. Listen to the restaurant ceo andy plesner who is a big trump supporter. Listen to what he had to say i was really happy with jaime diamond who came out and made his statement. This was very positive because i think two years ago jaime dimon never would have said anything american executives speaking up is incredibly important. Dont walk away from the table, stay in the game, lets see what we can get done. Now listen to former secretary treasury Larry Summers disagreeing and saying wishes to speak to anyone in the senate, anyone in the president s cabinet or key officials
Season is starting to move into the live from the cbs bay area studios this is kpix5 news. Ow. Good evening, get ready for a washout. Our biggest storm of the season is starting to move into the bay area right now. Good evening. Im elizabeth cook. Im ken bastida. Kpix5 chief meteorologist paul deanno has a look at our hidef doppler tonight. Paul . Heres how heavy the rain will be by tomorrow morning. The National Weather service issued a flood advisory for napa, sonoma and marin county for street and small stream flooding and it hasnt even started raining yet. Heavy rain is likely overflight tonight and the rain will continue through the morning. Where is that rainfall . Light to moderate rain at times for the north bay all day long, but there it is still north of ukiah, but heavy rainfall looks poised to move in overnight tonight and stick with us the better part of tomorrow. When does it finally get here . Scattered showers midnight tonight through the morning hours, not here yet. Th
Season is starting to move into the live from the cbs bay area studios this is kpix5 news. Ow. Good evening, get ready for a washout. Our biggest storm of the season is starting to move into the bay area right now. Good evening. Im elizabeth cook. Im ken bastida. Kpix5 chief meteorologist paul deanno has a look at our hidef doppler tonight. Paul . Heres how heavy the rain will be by tomorrow morning. The National Weather service issued a flood advisory for napa, sonoma and marin county for street and small stream flooding and it hasnt even started raining yet. Heavy rain is likely overflight tonight and the rain will continue through the morning. Where is that rainfall . Light to moderate rain at times for the north bay all day long, but there it is still north of ukiah, but heavy rainfall looks poised to move in overnight tonight and stick with us the better part of tomorrow. When does it finally get here . Scattered showers midnight tonight through the morning hours, not here yet. Th