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6 00, we have Live Team Coverage of a red flag warning in parts of the bay area this morning. Kpix 5s mark kelly is up in the Berkeley Hills checking conditions over the east bay but first we go to Lawrence Karnow in the weather center. Lawrence. Yeah, guys. We have some very dry conditions around the bay area. Unusually dry. We have hardly had any rain at all for the season, record dry year last year. So here we go. Out the door, we have High Pressure building in again. And those offshore winds are blowing especially over the mountaintops. Skies are nice and clear right now. But looks like we are going to see some very dry conditions over the mountains and that means, well, we are going to see some red flag warnings staying up over the mountaintops, as well. Te ....
Bailed out by uncle sam during the 2008 financial crisis. Its battled questions about dubious foreclosure practices, fended off allegations of lax Money Laundering protections and faced a number of probes into its banking practices. Just last week, the Federal Reserve rejected citis plan to raise its shareholder dividend and jack up its stock buy back complain on concerns about how much capital the bank has on hand. Now the banks troubles just got worse. The fbi has reportedly launched a criminal investigation into the banks role in a 400 million fraud involving its mexican banking unit. Investors have taken notice, sending shares down another 1 today. Michelle carusocabrera has more now on the latest news about citigroup and how much more the banking behemoth can take. Reporter the Company Revealed in late february ....
Rejecting an offer from Charter Communications saying it will only be interested in 160 per share. And can francois ohland deflect attention from his love life . The french president is due to present reform for the ailing economy. But will affairs of the heart get in the way . Announcer youre watching worldwide exchange, bringing you Business News from around the world. Well, it was a far more decisive start to the equity trading session this morning. The unfortunate thing is its in the red. As you can see, 9 to 1 reds to greens taking the stoxx europe 600 down by around 0. 6 so the in the first hour of trading today. Lets take a look at the individual performance of these markets. Red. Red across the board. The ftse 100 down 50 . Remember, were going to be looking out for cpi data shortly for that. German market down 0. 7 . And the cac 40 taking their lead from both ....
They make of this activity. Earnings looked pretty good this morning. Kind of mixed. Retail sales figures for december okay. Decent. Not horrible, but okay. And we had a lot of fed speak as well today. Charles plaser saying it is clear that the fed is tapering and is going to do away with quantitative easing but theyre in no hurry to raise Interest Rates. And a couple big interviews coming up on the show. Wells fargo among the banks kicking off a flurry of financial earnings this week. That company beating estimates. Mortgage loans fell to levels not seen in five years. How much of a worry is that . Well ask tim sloan in just a bit. Look forward to that. And tesla has been a huge winner an reporting much better an expected Fourth Quarter sales numbers, but buckle up. Weve got ceo elon musk coming along to tell us about those record numbers as well as the automakers do you use ....
Season, jpmorgan and wells fargo out with mixed results and well tell you exactly what you need to know. Charter Communications Says it wants to buy time warner for 132 bucks in stock and cash and twrawrm says how about 160 . Well get a reaction and exclusively interview with tom rutledge in a few moments. Google is buying nest labs a maker of Smart Thermostats and smart smoke alarms for 3. 2 billion, it would be the second largest ever in googles history. First up stocks are trying to bounce back from that poor start to the week. The dow coming off its worst day since september and experiencing its first 1 drop in three months. S p and nasdaq posting their biggest drop in over two months and the Bank Earnings are in the spotlight, jpmorgan and wells fargo out with quarterly results. We can talk about the bank or ....