Turned out to be a boom for traders at j. P. Morgan chase. The foreignexchange traders made about 300 million on the day of that. Citigroup, barclays and Deutsche Bank all took it on the chin to a tune of about 400 million in combined trading losses. At t says sales grew 4 in the Fourth Quarter, but somebody reported a loss of 4 billion due to underfunding its pension. They added subscribers as discounts lured. We will have more on at t and its plans to expand in mexico later in the show. Google fiber is heading south, not going south, moving business itself. They say they are bringing superfast Internet Service to atlanta, charlotte, and raleighdurham along with nearby suburbs. Construction begins in a few months. Google fiber brings Internet Speed about 100 times faster than the average u. S. Connection. Its already available in kansas city, austin, and provo, utah. Apple does it again. The worlds most valuable Company Posts another recordbreaking quarter. Revenues were 74. 6 billion
This is ktvu mornings on 2. And good morning. Welcome to mornings on 2. Its saturday october 5th. Looking at a beautiful saturday outside. Lets get right to rosemary. Good morning to you. We have a sunny, warm forecast in store for you. Widespread 80s around the bay and the good news, we are doing away with the wind this morning, mostly sunny, we are very cool, we are mild in others. As a whole the wind has died down but there are few isolated areas that are still blowing and we are looking at temperatures warmer in the locations. I have your current temperatures,ly have a look at your afternoon highs and in the extended forecast a cooling trend. And we are following developing news for you where at least one person has died in an accident on southbound highway 101. Police say it happened a 3 40. The highway was closed for about two hours and all traffic had to divert onto 280. And we are also following a developing story for you from oakland where police are investigating a triple sho
There are signs ukraine could be inching towards a diplomatic resolution. Secretary of state john kerry changing his travel plans. This after president putin reached out to obama last night saying he has no intention of invading eastern ukraine. Jennifer glasse joins us now from kiev. For weeks iraq has been putting boots on the ground, butfor weeks russia has been putting boots on the grounds on the russian border. Have they offered an explanation for the troops . Reporter no, they have not offered an explanation for the troops. The American Fears say that the troops could not appear to be on a spring exercise. Lavrov also said they had no intention of invading ukraine, they will also continue to protect the interests of russian speak necessary ukraine. Nobody notes what that means, and president obama an in discussion with president putin said he warned of rampage in the east of ukraine as in kiev. Russia is saying they will protect interests. We dont know what that means. They have
Traders say that the vix illustrates the central bank as backstopping the markets so that means theres less demand for downside protection. Speaking of Central Banks, we have two key decisions to watch today. The bank of england is expected to withhold fresh monetary stimulus as the start of the new year gets under way. Forecasters say that the Economic Data is still too mixed to try and trump inflation worries. The ecb also expected to stay steady, holding its key rate at. 75 . Policymakers are seeing refraining as the eurozone economy shows signs of stabilizing. We are going to bring you both decisions as soon as they are announced. And the ecb reports comes out 45 minutes later. First, breaking news out of washington. Today, president obama is going to be announcing his plans to nominate jacob lew as the next treasury secretary. The president will be making that announcement at 1 30 eastern time in an event in the east room of the white house. John harwood joins us now with more on
Pushing back on plan b. Company files suit against the emergency contraception mandate saying it violates christian principles. Could you afford a Fouryear College if it was just ten grand . New push to make Higher Education easier on your wallet. But what would you get for 10,000 bucks . Plus well, i can honestly say i have told you the truth, i may not have told you all of it. The hobbit appears in new zealand. Theyre now instructing you to put your tray tables in their up and locked positions. This, youve got to see. Newsroom starts now. Good morning. Thank you so much for being with me. Im carol costello. Is your dream worth two bucks . It is for millions of americans, snapping up tickets for tonights drawing of the powerball lottery. The jackpot, a jawdropping half a billion dollars. Thats a billion with a b. Im going to be 80. I cant never live to spend that kind of money. I cant conceive what it would be like. Its always good to dream. I could skoconceive it. Cnns alison kosik i