Bank of america, saying they expected benefit from higher Interest Rates and a lower Corporate Tax rate. Brian moynihan says that pretax earnings rose year on year. There is what it is doing, up by 3 10 of a percent. Not Much Movement either way. Allison is joining us. Surface this looks like a pretty solid report. Walk us through it. Allison still going through the numbers, but so far so good. Trading is a number we always look at, a little bit better. Fixed income is a little better, equities a little better, in banking they had a oneoff charge. David who do we think that might be . 880 million driven by a single name, nonus commercial chargeoff. David South African maybe . Alix steinhoff . Allison and i guess the surprising thing would be if you did not see it. Alix it is exposure i think. Allison we were joking the other day, the term episodic, but that is a better term than a oneoff or not occurring, because it is the cost of doing business. David the other thing we do not see is
Chapter, which seems so realistically real. So what lay behind that . Why didnt you just continue a story that was real estate . My conception originally is , book where shes going to different parallel countries. Im not in historical novelist and one day i will write an historical novel but its not something that occurs to me. I couldnt bring in germany and several experiments and late 19th century lynching protocols in a book that wash t. About 1950. It allowed me to have that play with time with different historical events in conversation with each other. Er it never occurred to me to play astray. If i played it straight it would be totally different but cannot its interesting to me as a writer. Thank you. Your book was very powerful. My question is did you know when you started writing the book how the ad particularly her mother . Is a linear story of the book that cora and in short sectionsl about maple, caesar, the slave catcher. To do women really well. And make us how to struct
Before we begin we can get emotion to excuse supervisor mar. Without objection the gavel. Item 1 and one to update the definition of final competition for time and under the San Francisco employees retirement system. And to include in the definition, tatian trouble under the judges retirement system judges retirement system two. Peter b data. Supervisor cohen is the sponsor. Alternate over to our good thing to everyone for coming. Good morning. Item 1, before us is brought to us in attempt to address an issue that is was in and im indulging this is an issue in my capacity as president of our retirement board. When the ship code defines final, tatian as, outdated and doesnt accurately get several of our current San Francisco Employee Retirement members. Specifically, this old definition doesnt include word able members of the judges retirement system to include the use of compensation under the, system. This ordinance is pretty clean and straightforward. Itll update an old definition of
Anna he is manus cranny and i am anna edwards. It has just gone 6 00 in the morning. Now what we have seen in Global Equity markets. Lets talk about Global Equity markets. Broadly positive with Oil Moving Higher in both set to hit eight week highs. Should not draw conclusions about the weekend. We have the npc in china meeting over the weekend. But since february 11. E. M. Is interesting. The stock market in brazil in bull market territory. Manus you have the brazilian market up over 20 . This is the close of his this on february 10 and this is the moment in time when the world changed. I love what they said yesterday, when the tax change, i change my mind. That is channeling keen. What we have here is a momentum change. The fed was tightening and oil was collapsing. Jamie dimon was buying his own stock things have changed. We talked about this with hans reddick. 100 95000 and mr. Delly of over at bridgewater says, i am not bearish on stocks so the question is where do you put your mon
Get 36 months interestfree financing no down, and no interest for 3 years. Plus, get free sameday delivery. Sleep trains 100day money back guarantee, interestfree financing, and free delivery . Thats the ticket sleep trains ticket to tempurpedic is on now. Sleep train your ticket to a better nights sleep male announcer live from the bay area here is your kron 4 news thanks for joining us and president obama is just arriving in hawaii after the house approves the measure passed by this and that they keep the country from going over the fiscal cliff. Waking up to cold temperatures in the bay area with clear skies. We have Team Coverage around the bay area this morning. And wall street the big story that the reached a deal to keep taxes from going out on 98 percent of americans. The dow is standing at 13,367. It is very cold with temperatures below freezing and a lot of locations. A freeze warning as an effect 4 north bay valleys until 9 00 this morning. At Jackie Sissel is live and san r