In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business, where those provisions are more than 5 billion. On the other end of the loan but, we are expecting lower Net Interest Income this year. Also, as one would expect with lower interest rates, that would come into about 55 billion, lower than the 57 billion dollars initially estimated. On the bright side, we saw Net Interest Income for the quarter come in pretty healthy, and fixed income revenue beat by almost 1 billion. Trading was able to hold up. The question is, wasnt able to hold up well in a
A ridge of High Pressure over the region will result in continued dry weather conditions today, along with warm temperatures. Cooling is expected on wednesday, especially near the coast and across the north bay, as a weak system pushes into northern california. Light precipitation may be possible wednesday across the north bay. Dry and mild conditions return for late in the week with the upcoming weekend serving as the transition to possible unsettled weather next week. robin heres a live look outside at our bay area bridges this tuesday morning. james robin heres a live look outside at our bay area bridges this tuesday morning. james violence erupts at a carnival in the east bay and its all caught on camera. People ransaking carnival booths, a big brawl breaks out and nobody was arrested. robin this all happened in oakland over the weekend. Kron fours jr stone talked to some of the carnival workers who saw it all happen. Its a story you will only see on kron four. Nats. Cell phone vid
Were unusually quiet, with the average moving a fraction of a percent. Volume at yeartodate lows. Is this the ultimate bull bear showdown ahead of the jobs report tomorrow . Is this the calm before the storm . Guy . I say absolutely yes. I think weve been pretty consistent with this. I think the markets going to continue to rally. I think it rallies tomorrow regardless of whatever number comes out at 8 30. I do think theres a chance we touch 20, 25. I think were going to fail there. A couple of interesting things here. Exxon mobile down on today. Crude is now shrugging off potentially bad news going higher. I think the obx is going to have one of those days that it had a couple of weeks ago. This time opening on the lows. Closing on the highs. That coincides with the s p at 20, 25. In this showdown, the bulls are the temporary at least winner in your view. Theyve been a winner, yeah. Yeah. Definitely the winner right now. I think going forward, right now people are just tremendously fe
Were hampering search efforts this morning. The coast guard is leading the search, coordinating with some navy and air force aircraft. A norfolk mans second attempt to appeal his murder conviction has been shot down. The Nebraska Supreme Court today upheld the Second Degree murder conviction of 26year old dearis trice. Trice was first convicted in 2013 for the stabbing death of 27 yearold Timothy Warren at a Norfolk House party in december of 2010. But the state Supreme Court ordered a new trial, citing problems with jury instructions. Trice was again found guilty in 2014 and given a prison sentence of 40 years to life. In his latest appeal, trice argued the trial court was wrong to allow transcripts of statements from some witnesses into evidence. He also said his sentence is excessive. The High Court Said it found no evidence that the trial court weather adlib drumming up support for his wife, hillarys, campaign for president. Lets go live to morninside college, where supporters have
Right now. The roof is gone. Much of the inside destroyed. Firefighters spent hours to put this out and we learned the Police Department were the first people here, they were knocking on doors helping to get those people out. The fire began around 5 30. From skyforce 10, you can see flames shooting through the roof. Neighbors who could do smell all that smoke ran outside and called 911. My heart was pounding. I was scared for my nameeighbor. It was very emotional and upsetting. Reporter before firefighters arrived one home was fully engulfed and it spread quickly. With the older homes and common walls it was its difficult. Reporter burlingtons mayor tells us 20 people got out but four people, including some children, went to the hospital with minor burns. They also managed to get some but not all of the pets to safety. Were still trying to rescue other pets that are inside. And that will be a difficult challenge. Reporter the church across the street gave families a warm place to get i