Conferencing. Due to the governors order and the sixteenth proclamation declaring the existence of a local emergency. The covid 19 emergency the Fire Commissions meeting at city hall is closed and will convene remotely. You can kawch a watch at sffd d. You can call and enter access code 146 7836196. Item one, roll call. roll call commissioner Tony Rodriguez has been excused. Item two general Public Comment. The general public can address any matter for up to two minutes that does not show up on the agenda. Commissioners are not to answer or enter debate into any speaker. The lack of response is not necessarily in agreement with or opposition of any Public Comment. is there any Public Comment at this time . there is no Public Comment. okay. Thank you. Public comment is hold on one moment. Did you want to make Public Comment . Caller three . No Public Comment. There is no Public Comment. okay. Is the caller waiting for another item . they are not talking. okay. Public comments is closed.
And how they are working with diversity and how they are changing the company with what that means. Seasons season is officially underway. Scarlet fu is here with some of the highlights. Scarlet i wanted to start big picture, as with banking and other parts of the economy, the stronger getting stronger and the weak are getting weaker. Citi leaning on their trading business. You can see that jp morgans revenue soared thanks to training. Record revenue for a second straight quarter, and equity rising more than 30 . At citi we saw trading surging 68 and with companies trying to raise cash as quickly as possible, investing got a boost as well. Wells fargo does not have the same wall street operation. If you look at wells, reported a loss 2. 4 billion. The first quarterly loss since 2008. Nine and a aside half billion dollars for credit losses. See jp morgan putting aside 10. 5 million. That is the biggest loan loss provision in its history, and it shows us how covid19 affected the economy
Questions after this meeting can be directed to dem press at sf dot org. Thank you for your time and that concludes todays press conference. thank this is a remoteo conferencing. Due to the governors order and the sixteenth proclamation declaring the existence of a local emergency. The covid 19 emergency the Fire Commissions meeting at city hall is closed and will convene remotely. You can kawch a watch at sffd d. You can call and enter access code 146 7836196. Item one, roll call. roll call commissioner Tony Rodriguez has been excused. Item two general Public Comment. The general public can address any matter for up to two minutes that does not show up on the agenda. Commissioners are not to answer or enter debate into any speaker. The lack of response is not necessarily in agreement with or opposition of any Public Comment. is there any Public Comment at this time . there is no Public Comment. okay. Thank you. Public comment is hold on one moment. Did you want to make Public Comment
This is bloomberg surveillance. I am Francine Lacqua in london. Markets, thet the volatility swings we saw is moving to currencies. European stocks have been fluctuating, they are flat right now. They were higher a couple minutes ago. Oil is higher today after china unveiled plans to boost its reserves. If you look at brent, they were 12 higher, now they are 9 higher. Treasuries slipping along with the dollar. Lets get to the bloomberg first word news. China says it acted in an open and transparent manner when it comes to the coronavirus, after u. S. Intelligence reports said beijing concealed the extent of the outbreak. Two sources say chinese numbers were fake, that includes underreporting total cases and deaths. The pentagon is looking to provide as many as 100,000 military body bags for potential civilian use, as the u. S. Warns deaths could soar in the coming weeks. To a dealon is close with a contractor. It will send it to fema. Now to eu nations, they are setting out competing v
Seymour, dan nathan. Gina sanchez ce of, good to see you. Lets get to it we start with a selloff. Another rapid reversal in the markets today. Earlier this session, stocks were actually higher hard to believe, but true. The dow is back up above 28,149, but only for a cup of coffee before more headlines begin crossing and more selling programs hit and the market turns south, the cdc saying the u. S. Has done a pretty good job so far with rapid response, and coronavirus cases are still very low. It also warned that the virus could hit us as well that will likely take down Economic Growth and earnings projections. So guy, nearly 2,000point haircut in 48 hours of trading is there anyplace to hide, any way to protect our viewers and listeners portfolios today i think weve done a decent job leading people down that path it comes in the form of bonds as weve talked about for months and the gold market as well. You can say the gold market sold off today. Yes, thats the case, but i still think