Morning. Where oil prices could be headed next, in a moment. Shares of hewlettpackard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. Well hear from the reporter that broke that story in a few minutes. Lets start with earnings trouble in the oil patch. Bob pisani, big misses for chevron, as well. Yeah. Enormous write down. The stock prices right to the actual numbers here. Exxon and chevron both reported much bigger missing than anticipated. In the case of chevron, reported an enormous write down. 2. 8 billion for projects just not economically viable at the current price of oil an apparently they dont think viable for a listening time to come if ever here. You see price reactions fairly modest. Let me explain the pickle a lot of Big Oil Companies are. And use exxon as an example. Cash flow 4. 5 billion. Care enough. The Capital Spending 5. 2 billion and the Capital Spending is more than the cash flow theyre getting. They have
3 new this morning. One person was shot in corryville overnight. It happened at the elephant walk on west mcmillan streetinvestigators say that the restaurant was rented out after hours for a private eventtwo men got into an argument. Thats when one of the guys pulled out a gun and shot another man in the leg. The victim was taken to Uc Medical Center with non life threatening injuries. 3 some residents of a former Retirement Community are hands after seeing a rise in crime. Ron george has lived in horning trailer park in fairfield for almost a decade. Hes enjoyed it until recently. When it was sold to a new company. Fairfield m h p. The community used to be strictly for senior citizens. But now anyone can live there. 3 ron george, resident 02 16 its went downhill. Weve got more rifraff in here. They wont fix the lights. 02 22 10 41 were trying to make our park back nice again. Whether they want to or not, im going to do all i can. 10 4810 48rons organizing a Neighborhood Watch program
At the end of the day. Take a look at nike, thats been a big help to the dow, popping after yesterdays stock splint, they told it about it after the bell. We will tell you why much of the streets still bullish after all of these moves. When the last time a Company Split their stock in it happened all the time in the 90s. It started to happen a little bit once we got that round after 2009, things started to come back. Apple obviously did it and there was another example of a company that was under pressure to increase its financial moves, return capital to shareholders, now nike following suit. A lot havent and the average price of the stock is higher than it has been historically. As the Hackers Group anonymous takes aim at isis in the wake of the paris terrorist attacks we have a former member of that organization, of anonymous joining us live to talk about whether the war on terror will be won over the internet and whether Silicon Valley should be sharing its information with the gov
News at 6 00, hear from eyewitnesses, hear about the moments things went terribly wrong out here. Allen, liz . Its an honor to stay with him. Andria borba thank you. Kpix 5s da lin is in hollister where the pilot was based. He had years of flying experience. Reporter thats right. Its been a tough sad day for firefighters at this airbase. Cal fire airbase in hollister you can see wellwishers dropping off flowers in front of the base to support the firefighters. For the last 13 years, pilot craig hunt had flown out of this base to fight fires who took off from the base with the air tanker around 3 15 yesterday afternoon about an hour later the plane crashed. Hunt was a contracted pilot working for cal fire. The san jose man was an experienced pilot. His daughter shared these photos with us including a wedding photo. She says hunt spent close to 10 years as the u. S. Navy p3 pilot was in the reserves for another 20 years, the family said his other passion was teaching during the off seaso
The coast. More on that in a moment. First we will get to erica kato as she is tracking what we can expect today. Right now temperatures on the cooler side, we have a minimal fog right now for the delta, low 40s in fairfield, vallejo, mid40s out the door in downtown San Francisco. Yesterday we did see a record over in oakland, we reached a high of 72 degrees, expected to be even warmer as we head into this afternoon, oakland 74, 73 expected in hayward, upper 60s today for daly city but if you are headed to the beach, Half Moon Bay hitting a high today of 72. Temperatures as much as 15 degrees warmer than where we should be for this time of year but we will see gradually cooler weather into tomorrow and an increase in cloud cover. There is the possibility of showers as we head into the middle of the week, so all in all, we have some big changes coming in the next couple of days. Now, we did mention that High Surf Advisory in effect for the coast, kron4s mike pelton at the beach this mor