Conventional wisdom has been if oil goes higher, its a good day for the market and if oil goes lower, sell, sell, sell. 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 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 littl
Old smokestack. Let me set the scene. Conventional wisdom has been if oil goes higher, its a good day for the market and if oil goes lower, sell, sell, sell. 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. 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 disc
A milewi 77 south it is after 8 00 oclock. That is for sure you can see plenty of delays averaged about 18 coming up 10 miles without much 00 curve lets go down as you head towards West Boulevard the bulk of the delays doing about 28 the big things are the ramp closures edgewater to and from westbound to the eastbound sure away so if you need to get to edgewater the science will signs will be posted. This gives you a lot of sun in the eyes with for 80 over 80 overbite Warrensville Center and a reminder about this road closure westbound at west one 30th the fire is out everyone gets out safely police talking to them they are letting people through directing trafficey with a lot of delays. Plate want to get you caught up on our top story Governor John Kasich sending a bill for planned parenthood the nonprofit specifically mentions state money going into anywhere that performs abortions. More with the controversial good morning, the bill, and are k6 governor k6 signed into law. Dot he is
Into snow and gets active second half of the week forecast. Denise . Now. I should be dead. Denise an incredible story out of medina where a motivational speaker who delivers life saving messages suddenly needed some life saving of his own. The man was speaking before hundreds of Medina City School administrators. Dan thats when he suddenly collapsed and went into cardiac arrest. Sia nyorkor joins us with this amazing story. Reporter steven is an International Speaker who travels the world talking about the power of one and making a difference in peoples lives. He tells me now and gets chills thinking about the day he nearly died because it wasnt one but many who stepped in to save his life. I feel so blessed. Motivational speaker dr. Steven says he shouldnt be here. I went over right about there. Reporter but because of these medina officers and assistant principal. I was in the theater speaking to 800 people and had a cardiac arrest. I fell onto my face. Reporter there were several F
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