Bank of america and wells fargo beat, jpmorgan falls short. Results from delta and intel. Both coming ahead of consensus. And the read on retail sales slightly below expect tatioexpet Doug Mcmillan giving a rosier assessment. Bank of america had good Third Quarter results. Wells fargo had a beat as well. Its loans helping to lift profits. And jpmorgan missing with its quarterly results. Jamie dimon spoke about his banks expenses on last nights Conference Call. I spoke my whole life on good expenses, bad expenses. Bad expenses are waste, things you dont need. We want expenses go up. We find marketing opportunities, well spend it. If the Investment Bank does better. Thats how we run the company. That wont ever change. Once again, jim, story is loan growth is good, but the trading revenues are challenging almost everywhere. Yeah. People will say when they listen to bank of america, which was an excellent quarter, okay . Bank of america is making money in that business, why shouldnt jpmorg
Moving with mike. Pretty well. The frost advisory, the one for the south bay, not a concern for our freeways. We do have one minor incident for 101. Details from chp when they show up in the next couple seconds. Slowing through highway 44. Typical slowing but well follow that as well. A big issue affecting a small group of commuters. Eastbound 80 towards the carquinez bridge, youre forced off, down san pablo and back on to 80. This is our breaking story this morning. Ill head it back to you guys. As mike just mentioned, a frantic search to find gunmen from that interstate 80 shooting. This morning, one person is dead, another wounded after a shooting along interstate 80 in pinole in the east bay. Today in the bays Stephanie Chuang is live in pinole. We understand the chp says it could take another 90 minutes before they manage to reopen that eastbound direction of 80. Thats right. A pretty conservative estimate. Technically while all eastbound lanes are closed, traffic is getting so yo
The man who lives in that town home right there where you can see the Police Vehicles are backed up to that he was dressed in a military vest and gear, was armed with an ar15 Assault Rifle and at least one other firearm. At around 12 50 this morning his neighbors called 911 reporting he was trying to break into their upstairs window, a window he was able to access through a common roof they share. When police confronted the armed suspect, one of the officers fired a shot at him, missed. But the suspect ended up surrendering, was taken into custody. Neighbors tell us and a Police Source confirms that his name is nathan wong, that he works as a nurse at a local v. A. Hospital. Its funny like one of those neighbors was like i had no idea, nice guy. I really hope that hes going to be okay. It was a scary night. Police did a great job of handling it. And im just glad that its over. Reporter police are looking into whether wong was under the influence of drugs or Something Else during last n
Will pay 350 million in back taxes and sign an accord on future liabilities. It comes amid allegations the company failed to pay taxes over several years. According to reports, apple is close to signing a deal with samsung and l. G. To make screens for the next generation of iphones. Shares of apple are down for the year. Theyre down around 9 in just the past month. Theyre down about 1 today amid concerns over the iphone supply chain and what the Holiday Season will look like. Dan, we heard tim cook tell 60 minutes that apple pays every tax dollar it owes despite the fact that this inquiry had been ongoing. What do you make of it . Well, i think apple probably does pay every penny that it owes, and i think governments are looking for ways to tap into Revenue Sources that they havent tapped into before because their economies arent growing. Apple is a very big target. They have billions and millions and billions of dollars. Theres really no harm in governments going after large corporat
Opec supply forecast coming in for next year. What we will hear from chipotle ceo on the companys food safety debacle. They like what they are saying so far. We will give you the latest developments on that potential likely deal between dow and dupont. Could create a combined company certainly worth 130 billion in the marketplace before it splits it all up. The Worlds Largest retailer getting into the mobile payment race with walmarts new plan for consumers and the competition. Stocks looking to snap a threesession losing streak in which the 200point gain was essentially wiped out. Weekly jobless companies go to a high. Debt reduction and the stocks still down about 70 year to date. Both glencore and ben chevron making comments about the export. Glencore is a survival issue. They throw a good face. Constantly saying, we have much better cash flow than you think. They may have it. They are very good traders. I put them in a different category than freeport. Three times eye charm. Oil, y