Of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bond status. Boo. And 39 of it was made to Exploration Production companies. The wos f the worst when it comes to who is paying anybody back. Jpmorgan said the Energy Company could cost them. Hey. 20 billion. But to me, having lived tlau low loss sickle i can only say give me a break. Im not buying it. Oil retreats hard here, they could double that number and i wouldnt believe it. Sorry. I didnt like anything about this discussion. Yeah, reported a little more than a month ago. Why didnt they Say Something then . It was low. Being hopeful. Im not jamie diamond just plunked down 26 mill to buy five shares. Got enough cash. Oil goes much lower from here. Believe me. Buy some even lower. This oil and gas exputs a new swin. Before you freak autoout and say, wow, all under reserve, it is a really big bank. Its got billions and billions of dollars in goods and were not watching the d
Its a bad one. So, it went down two bucks. Got hammered. We saw the urgency of that formula writ large today because we learned jpmorgan has 44 billion in oil and gas exposure. Thats 44 billion in oil and gas exposure. Kind of like making it the exxon of banking with hopefully exxons discipline. Oddly given the plumeting price of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bond status. Boo. And 39 of it was made to Exploration Production companies. The wos f the worst when it comes to who is paying anybody back. Jpmorgan said the Energy Company could cost them. 20 billion. But to me, having lived tlau low loss sickle i can only say give me a break. Im not buying it. Oil retreats hard here, they could double that number and i wouldnt believe it. Sorry. I didnt like anything about this discussion. Yeah, reported a little more than a month ago. Why didnt they Say Something then . Not like oil was flying in january. It was low.
A lockdown during a Government Shutdown. Well tell you about a frightening incident at the heart of the u. S. Capital. Morning on 2 starts now. Good morning. Welcome to morning on 2. This is part of the sights that people are seeing. This is a look at skyline boulevard. Tree limbs are down. High wind gusts. Good morning. Welcome. Im tory campbell. And good morning, im dave clark lets check weather and traffic. Steve is out today but we have rosemary. Dry and breezy for the day. Tara is in the east bay hill. Shell have whats going on. But until tomorrow morning, winds are going to be breezy coming in the northeast. Thats to be aware of, thats going to be very dry over the next couple of days. The winds had begin to die down later this afternoon. Boy, they are howling and in some cases, 36 Miles Per Hour in fairfield. 29 at the livermore airport. Napa reporting gusts to 28 Miles Per Hour. So dealing with this, you should get out on to the roadways. You may find tree debris in your neighb
Pleasant. Smoke filled the skies, filling up the south bay with nasty smell of burning metal, keeping some people from getting home. Im trying to get down the street to my boat, thats where i live. But the fire is preventing anybody to access it. Reporter started around noon today. A recycling center that crushes cars and appliances, sends the scrap metal mostly to china. And its not the companys first fire. It seems to be happening like once a year. It goes up in smoke and flames and that it is just a big smell of wonderful fumes. One of the largest in the bay area. A few years ago epa found toxins like mercury and lead seeping from sims into the bay. But today its not a water issue. The problem is in the air well all smoke is harmful. You dont want to breathe any smoke whether or not it is barbecue smoke. Its an industrialized operation here. So yeah, thats why the shelter in place was ordered. Reporter wind carried the smoke to the the southwest over 101. And right over the mobile h
That brake breaking news out of the peninsula where a scrap metal fire has people sheltering in place. The one alarm fire started at sims Metal Recycling plant on seaport boulevard next to the bay in redwood city about 1 20 this afternoon. Its produce being heavy smoke and it could pose a health hazard. Residents are warned to stay inside and close all their windows. The breaking news out of peninsula is where that scrap metal fire has been going on. Well keep an eye on that throughout the evening. Good evening, everyone. Im heather holmes. Im ken wayne. It is video now that you will see only on 2, a homeless man badly beaten on the streets of San Francisco and despite officers responding to this scene, police tell us they have no record of it happening. We first showed you that video of the attack on friday and now were hearing from one man who says he recognizes the person seen repeated by stomping on the victims head. Alex savage is live now in San Francisco where that Man Says Poli