Season jpmorgan crushes estimates, citi and wells are mixed ahead of the open. Plus sustainability is becoming the new standard, blackrock ceo saying the Climate Crisis is about to trigger fundamental reshaping of finance. And the tesla rally rolls on shares now up more than 100 in the past three months alone. Well start with bank earning, jpm, chase, citi, each posting better than expected results. Wells fargo shares moving lower on its miss. New ceo charlie sharp our cost structure is too high and i believe there are many areas where we will be able to increase our rate of growth. Efficiency really the story on wells, jim well, i got to tell you, im a total believer in Charlie Scharf and what he did at visa hes the most technologically inclined ceo in the bank group it has the most opportunity after this washout it is a washout. I dont think charlie will waste any more time. He has to address these things and he will. In the meantime, jamie diamond, what can i say about jpmorgan . It
Court, are you going to screw them out of that . This is not were taking this very seriously. I told our people will you let them go to court if they want to go to court . Yes or no. Were going to no but with an explanation. No, but. Okay. Thank you. Thats a no. This sham was not an attempt to steal a few Million Dollars in fees from your customer, although thats important. Because you could say that few Million Dollars wasnt material. What was material is the price of your stock. You opened 2 million phony accounts and then went and told and it had to be material because you were brackibrack i bragging about it to the people investing in your stock, that you had higher penetration rates, more accounts per customer, that the number of banking customers that had credit cards had grown from the mid20 up to 42 . So it had to be material. You were talking about it. The peak firings according to your own documents was in 2013, so you knew you had a problem then. Correct. Why didnt you tell
darya: odd of the peace plan for the summer, what happens with muni today? are developing story is what is going to happen with me this morning. withmiuni this morning. reporter: a protest was supposed to start about one minute ago. all we see is police officers. there were probably 10 to 15 police officers that got there around 5:30 a.m.. they are stationed there waiting for protesters to arrive. protesters are angry and here is the reason why. one year ago, this man was killed by police officers. but the police officer say while they were chasing him he turned around and shot at the officers unfortunately for him, he shot himself in the neck. they do not know if it was an accident or suicide. his video about how it all started. they started chasing him after they notice that he did not pay for a $2 muni ticket. he was from seattle and down in the bay area, his supporters said they had no idea about that that they were simply chasing a man that they were racial profili
this morning as well as the mill valley and san rafael area. nevada also looking at scattered light showers for this morning. other s a look at the forecast, what you can expect as you head out the door a cloudy start, temperatures in the lower 40s to the mid to upper 40s. this afternoon mostly cloudy conditions with a 40% chance of rainfall still in the forecast, highs in the mid to upper 50s. we have your christmas forecast. is it going to be a soaker, too? let you know. go out toward the bay bridge. they issued a high wind advisory before 3:00. watch out for the strong winds on the upper deck headed into san francisco. as you can see traffic very light right now. overall we re expecting it to be a lighter traffic week than normal. it is the holiday. so yes, fewer cars on the road. people taking time off. here s a look at 880 in oakland. if headed out of town, have a flight to catch, there are no delays at oakland airport. if you are headed that way, weight to hear from s