jp morgan, a person familiar, in the low hundreds. not a huge number in the boots to the ground move. and the other situation, 3000 staff. big retail operations in the country. manus: is it just the sheer fear of any risk of sanctions? it is easier, cleaner? >> certainly the cleaner way to go. that is what we are hearing. still very much more than a week into the situation, people not clear on what they can and cannot do. some of it is reputational, a lot of pressure on the likes of goldman and jp morgan to do something. you need to finance. a very tricky situation. dani: there's a question of how much financial sense it makes to be out there, how much money they will make if they are frozen. on the other hand, how much of their actual trading, bond holding is continuing in russia? >> it is completely frozen. probably will not mean any business right now, at least in the international sense. long-term, can you leave russia and never go back in if the situation changes. it is pretty understandable why they have moved out. manus: thank

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it's down 15% from its recent high jp morgan acts very differently in my opinion. it started going down precipitously after that q4 report i know investors were very about some of their expenses since then, the exposure internationally is one of the reasons weighing on this stock they get 23 or 24% of their sales from overseas where as wells fargo gets none. and that might be one of the reasons for the relative outperformance year to date at wells. but going back to the first discussion that we had about a yield curve inverting, about mortgage rates going higher, about rates going higher, wells is very exposed to u.s. consumer here so this one might look a little bit like a value trap. it's traded about 1.1 versus let's say jp and bank of america near 1.4 interest or something like that. to me, keep an eye on wells fargo. if it were to lose that relative outperformance, that might be telling you something about what's going on here in the u.s. as related to the consumer and maybe expectations for balance of the year. >> so this is really one of our favorite games t

jp morgan calls the internet group on investable. we will explain why we will speak with sean boyd, the executive chair of eco-minds about whether they are expecting further drops for the precious metal. jon: matt, let's get back to the story of the averages. the canadian market, which has benefited, has run out, and we will talk more about that in a second, but matt talked about the weakness with chinese related stocks tied to the uncertainty out of china right now, so that has been felt in the technology sector. outside of financials, you have not seen a lot of conviction buying out there, and then we come back to that story of commodities and that price of oil, which we just talked about. we have watched such wild action on a daily basis. there is a look at the one-month chart for wti. we saw that surged toward 125, and here we are making our way back toward 100 right now. i had a conversation with rebecca babbitt, a veteran energy trader, who tried to quantify how much of the moves we are seeing each daegis tied up in political r

we are told jp morgan received approval. analysts say it could take a technical default off the table for russia, the questions remain. president biden and she -- and xi are set to hold their first call since friday and there are concerns beijing could help moscow evade sanctions or even provide weapons to also discuss competition between china and the u.s. the bank of england has tempered itself or further rate hikes after lifting its rate hike for the. the hike was backed by eight of nine policymakers. governor bailey soften his wording on more hikes. the boe is the first major central bank to bring rates back to pre-pandemic levels. taiwan's central bank has raised its key interest rate by the most since 2007, lifting it 25 basis points to contain rising inflation. this is taiwan's first rate hike since 2011 and the first time it has changed rates since early 2020 when it made a cut at the start of the pandemic. meanwhile, indonesia's central bank held its rate as expected, keeping it at a record low. rishaad: the type an

francine: in terms of the second round effects, fortress diamond, jp morgan, will they be able to deal even if something ugly happens to gazprom? some of the smaller european banks are more vulnerable. when do we find out? and is it the swiss banks or the italian banks? davide: the italian banks -- unicredit has a domestic operation. they borrow 100 ruble domestically. they are insulated. it leads to mainly european carpets and russia. -- in russia. the credit risk remains european. socgen the same. they are in my view, taking care. they are more exposed with loans. francine: has it changed the way how you want to invest in european banks because of the third round effects? or are you still fully committed to some of the share prices that are below their u.s. counterparts? davide: actually, no, in my experience, particularly the 1998 russian prices and having lived through the emerging market crisis, i think this is a great time to buy in on the stocks. the opportunities are unique. and here as i said the market has priced three or four times the worst case 1998 scenario which is full

jp morgan wealth management. maria: welcome back russia moving further into ukraine hammering key cities, taking control of acute nuclear power plant. the president of ukraine zelensky speaking candidly to the press as a civilian death toll climbs. >> i went to thank the countries that are helping us we are thankful pretty but it is too late. now i hope the sky will be shut down. if you don't have the courage to do that, then give me the plaintiff. >> of president biden yes or day before yesterday i don't remember. we had good. it began after the beginning of this war. >> a bipartisan pressure growing not within the united states the administration to stop funding putin by buying russian oil imports for the white house moves closer to a nuclear deal with iran there are concerns now that we could look to iran to fill the oil cap per here to discuss sales for the congressman member of the house foreign affairs committee and eight decorated army veteran auditor with the bronze star and purple heart medal, we think y

jp morgan processed russian bond payments. the s&p still sees risks of the defaults as he cuts the nation's rating as the bank of russia meets today. dani, good to have you with me this morning. what will happen? what is the readout that the world wants from xi and biotin today -- biden today? dani: good morning. happy friday to you. it continues to be a market that trades on headlines from talks coming from russia and ukraine or lack there of so it is a big risk on the horizon. manus: i'm going to say this is the most magnificent. this is volatility, disbelieving the fed. this is the five-year breakeven. you have not got a handle on this inflation narrative. this is a spike. i love it. this is the breakevens, breaking higher, the biggest one-day move since 2009. this is the bond market basically saying it potentially is unanchored, unmoored, and they are not convinced that the narrative from the fed will anchor inflation. i love it. dani: every day, we get closer to releasing "now that's what i call music!" the daybreak europ

jp morgan wealth management. tornado swept through central iowa. two of those victims were young children. this was video taken last night about 70 miles east of des moines. there are also reports of dozens of people being injured, with at least four people listed in critical condition tonight. vice president kamala harris visited selma, alabama, today the vice president was joined by her husband to commemorate 57 years since bloody sunday, defining moment in the fight for the right to vote. vice president harris spoke at the edmund pettus bridge, where white state troopers attacked black voting rights marchers in 1965. those are the crowds said having a black female vice president was unimaginable 57 years ago. the latest figures released by the labor department show the us added almost 700,000 jobs last month. ktvu tom baker looks at the numbers and tells us what experts say they mean for a real return to so called normalcy. after a 10 week closure for all macron, the monks kettle, a relatively new san rafael r

jp morgan clients will not be able to buy or redeem shares in the jp morgan emerging europe equity fund or its russian fund. they are suspending trading in eastern european funds. lion trust asset management is also holding withdrawals and purchases of russian funds until further notice. singapore's biggest banks are said to have restricted trade financing for russian raw materials. sources tell us dbs, oocbc have stopped issuing letters of credit involving energy deals over sanctions. the decision follows a similar move by at least two of china's largest estate owned banks and lenders in europe. let's do a check on the russia focused etf in japan. pretty much the only etf, and seen as a proxy in asia. it has been collapsing and it continues to do so today. take a look at that etf, currently trading in the negative. of course in the broader market we are seeing risk appetite coming through. the nikkei to 25 up by 1.6%. it is perhaps a buy the dip story. still to come, we will hear from ubs global wealth management executive director wayne gordon on how high he has upgraded his gold fore

jp morgan wealth management. we have to be able to repair the enamel on a daily basis. with pronamel repair toothpaste, we can help actively repair enamel in its weakened state. it's innovative. my go to toothpaste is going to be pronamel repair. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. maria: walkabout. russian forces closing in on ukraine's capitol kyiv there are no growing concerns of a chemical or biological attack from russia. after the crime and accuse the united states of trying to do the same. press secretary jen psaki with this statement. the bay these false claims and endorses propaganda. we shall been that look out for russia to possibly use chemical or biological weapons and ukraine. recruit a false flag operation and no one should fall for the said jen psaki be present biden is calling for the end to normal trade relations with russia. join

juliette: thank you so much, elaine wu from jp morgan. we heard earlier there had been an earthquake in taiwan and we are hearing a magnitude 6.7 earthquake has hit off the east coast of taiwan according to usgs. we have seen moves coming through in the taiwan index up by about 1%, holding, a broad reaction to this. we are seeing this across asian equity markets. rishaad: absolutely. and tech is dominating. the hang seng tech index helping to lift up what is going on with the overall market, the broader hang seng up 2.7%. we think alibaba was up over 8%, about 7.3%, tencent earnings out later. this one is posing better than expected results, they will begin buying back something like $1.3 billion of owner shares. alibaba likewise also ordering a repurchase after what has been a brutal selloff, not just alibaba but the tech side. we are seeing a rebound, 4.6% up. this is bloomberg. ♪ juliette: you are watching -- a quicktake at the latest headlines. a 40% fourth-quarter profit, beating estimates, sales increasing despite component shorta

the key processing by jp morgan. they played that role, charged with that role of getting that money to citi which is representing the bondholders. the ability of this process to continue seems to be leaving investors, for now, feeling like we are getting to the finish line but there are debt payments made all the time. we will have to continue to monitor the situation. matt: we should also keep in mind, it is not just one payment. they have a lot coming up, as well. the likelihood of default, rating agencies have said, is extremely high. interesting to see how distressed debt investors deal with this. priced at 18, $.20 on the dollar, are you tempted to go in? does your moral compass make any difference when you are looking to play a part in the financial markets? these are questions that people will need to deal with. jon: let's keep the conversation going. padhraic garvey is with us from ing. i am sure you have been asking questions, too, because the mechanics of the market working effectively is key. what are you

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at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. a goal to work toward, or the freedom to walk away. with 200 years of experience, personalized advice, and commission free trades on an award-winning app, we are working for you. planning. investing. advice. jp morgan wealth management. >> i look at russia. can we give a lot of applause for russia. yes. small. absolutely. >> the happy cheers for russia and putin was just this weekend. i quoted former obama aide. good to see you, sir. >> good to see you. >> we quoted you in looking at the root offense this because it goes way beyond trump. strange to see the party of joe mccarthy go to cheering putin and he invades ukraine. your break down. >> i think it's important to note the gop admiration for putin pre-dates donald trump. he did not necessarily initiate it or lead it when it really began. the reason it began is vladmir putin's russia exemplifies a lot of the ideas that republicans talk about. russia is the ideal red state. i mean re

jp morgan wealth management. pennsylvania tonight after a pile up of more than 70 cars on a state highway. the crash happened this afternoon as a snowstorm hit the region. several people were hurt, but first responders don't think any of those injuries are life threatening. the storm that hit pennsylvania is part of a system gaza under conditions in multiple states, and this is what it looked like in the system that left behind in middletown, maryland, while the weather weather is concentrated over southern and east coast states, airlines are bracing for the possibility of a ripple effect of flight delays across the country. more than 1000 flights were canceled today. most of those flights were in areas near memphis. philadelphia washington, d c. new york and boston. and this is what it looked like when these stormy conditions moved over nashville , tennessee overnight. you can see that snowfall came with strong gusts of wind. tens of thousands of people don't have power tonight in state spending from florida to

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morgan is trading less than two times tangible book we haven't seen that in quite sometime with jp morgan, think the market looking at valuations since thanksgiving finally said that bank is too rich as well i'll say it at a certain point you have to look at it i think 125 is level quickly about citi, i've been dead wrong i thought it was 25% of the book you about clearly there are more issues than i thought. >> could prices double here forward contract here. we have details next plus food fight. restaurant stocks in the red as operations in russia come into focus. how those names are responding to the risk. much more "fast money" right after this >> get your trades to go with your "fast money" podcast. follow today on your favorite podcasting app we're back right after this. [sfx: street ambience] ♪ ["fly me to the moon"] ♪ ♪ ♪ imagine a community where millions share ideas and trade stocks, crypto and beyond. to the moon? in other words... etoro.the power of social investing. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i

jp morgan wealth management. sacramento ahead of the sezer trump as holiday on march. 31st reporter leticia ordaz explains that his legacy is still inspiring new generations to fight for equality and inclusion. marchers came together at southside park to honor cesar chavez. it's remembering great math, especially for mcconnell's in general, and for all the labor and former writes that he fought for back in the sixties. he was our martin luther king. so um, yeah, it's a huge deal to mcdonald's and chicanos in general. so we're here to support his memory. the civil rights hero dedicated his life to protecting farm workers will conditions have improved over the last few decades? some activists say the pandemic has made essential workers take a few steps back. they're working long hours. you're hearing a lot of times and not getting breaks that they're supposed to be getting the treatment b tree like second class citizens. we're out here for a cause. things are still happening. we need to be out there and represent b

, which has also reported that jp morgan has worked with the u.s. treasury for the necessary permits to do this. it all remains a suspenseful situation whether the money will actually reach the investors. there is the question of whether it is going to be paid in dollars or rubles. because the bond has a fallback option. dani: thank you very much paid that is bloomberg's catherine bowes lee. coming up, oil surges on signs of the european union may be getting closer to a ban on russian crude imports. more on that end the work in ukraine next. -- and the war in ukraine next. this is bloomberg. ♪ dani: it's "bloomberg daybreak: europe." oil markets pushing higher this morning. we are above $110 a barrel for wti and brent. we are now just around 5% from the highs set earlier in the month, but this follows a 20% plunge in oil over a six-day period. what we have been watching with this story is a possible eu ban on russian oil. let's bring in maria tadeo. it looks like banning russian oil is back on the table for the eu. maria: we will have to make a cl

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jonathan: i'm looking up to catching up with jp morgan. equity futures are at session highs up more than 1%. equities are up in crude is down. look at this in the bond market, up 10 basis points, almost 2.1% on tens and two through 180 in the fed is a couple of days away. lisa: people are bringing up their forecast for how high the terminal race for the federal reserve may be given how much inflation we are seeing and how long it is persisting. that's what we should watch. as you said, the u.s. national security advisor is meeting with the top lip -- diplomats from the chinese communist party. they are meeting in rome. how much do they give a conclusion as to how much china is helping russia and how much they are willing to come in and how much they are willing to adhere to the sanctions u.s. is threatening to tighten the screws further to impose more significant sanctions on china? if they don't comply with the ongoing sanctions the u.s. is put into effect? i'm interested to hear about the new forms of guerrilla warfare on the cyber front

jp morgan wealth management. >> welcome back. 3.16, on this monday afternoon. and today president joe biden addressed his comments from over the weekend when he said russian president vladimir putin, quote, cannot remain in power. the white house has spent 2 days walking back on the president's comments as some fear they could actually escalate tensions between russia and ukraine. our dc correspondent anna wiernicki has more details. >> i'm not walking back. president joe biden says he's standing by his comments on saturday in poland that russian president vladimir putin, quote, cannot remain in power, wasn't then norman hour to the policy change. >> i was expressing more outrage and i feel i make no apologies for. >> the president says his comments were personal, not policy, stressing that he was not calling for a regime. change was expressing my outrage. she should remain in power. >> just like, you know, that people shouldn't continue to do bad things. meanwhile, diplomats from russia and ukraine met on monday in turkey, resuming peace talks for the first ti

jp morgan wealth management. tonight as the price of produce continues to rise, many people are turning to local farmers markets to find cheaper prices. >> the cost of fruits and vegetables has jumped nearly 6% over the year that ended january 31st. that's 4 times their annual average for the last 20 years. the prices are also on the rise, increasing an average of 12% over that same time period. some local farmers say there's always a great turnout at small markets, but they have noticed there is an increase in customers. so we have all heard it before. but signs as once again now backing it up with new research shows just how important it is for you to eat breakfast each and every morning. >> researchers at northwestern university found that 65% of workers who say they ate breakfast say they received a promotion in their careers. that's compared to 38% who say they did not eat breakfast every morning. scientists say they also found that folks who eat breakfast before 08:30am, in the morning have lower blood suga

at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. a goal to work toward, or the freedom to walk away. with 200 years of experience, personalized advice, and commission free trades on an award-winning app, we are working for you. planning. investing. advice. jp morgan wealth management. >> the war in ukraine is now in its 32nd day. and it's been a weekend riddled with sounds of explosions and air raid sirens. and today we learned some new information. markie martin is reporting right now. the president zelinsky is accusing the west of cowardice as his country continues to fend off attacks. >> and partners need to step up assistance to ukraine. >> an exasperated plea from ukrainian president volodymyr zelensky sunday morning asking for more fighter jets and tanks as his country continues to fend off russian advances, particularly in the besieged port city of mariupol where residents are running out of basic supplies, including food and water. courtney's. >> i wish at least a percentage

jp morgan wealth management. jack: in 2018 larry culp took control of general electric taking hold of a sporadic culture. he's moving the culture forward splitting into three companies focusing on power, aviation, and healthcare. i spoke with him earlier this week. thanks for joining us, appreciate it. you had a tough job to begin with and so many things happened, covid, inflation, the war in ukraine, what pivots have you made to respond to the rest of the world? >> our first pivot has been to focus on the safety and well-being of our teams in the region. we don't have a large footprint, 60 people but we've been key to make sure they are in a safe place. we have a number of ukrainians particularly in poland and they are top of my course as well. russia represents 2% of our overall sales so we don't have tremendous exposure to russia but we did suspend operations in russia with the exception of our healthcare operations. jack: one element of geopolitics and price of energy is nuclear power looks more interesting a

jp morgan pushing to $285 dollars a barrel by the end of the year. they are assessing if an oil man would hurt -- ban would hurt the russian economy. we see the downside pressure on u.s. futures, stocks fell four out of five sessions. we have the risk off sentiment setting the dollar higher and bonds higher for the 10 year yield falling. we continue to watch for the treasury volatility, which climbed to the highest in almost 10 years. this is going to just continue to exacerbate the impact on the broader commodities space as we also are watching for those prices that are setting a new highs. haidi: regardless of what you are seeing, metal, oil, there is so much inflationary pressure being compounded by the conflict in ukraine. this is what we see when it comes to the equities trading session. a frenzy, we do see they were in ukraine overshadowing the stronger-than-expected jump in the u.s. report on friday. quite a bit of volatility at the start of trading here in sydney. we have seen of the market held up pretty well considering it has only fallen f

jp morgan wealth management. maria: welcome back. this week the house will consider action to stop the u.s. from importing any new oil and gas from russia, but the ukrainians need much more as president zelenskyy pleads for air power and more lethal aid this weekend to fight russia's aggression. my next two guests have been working on a plan to help send air power from romania, bulgaria and poland to ukraine. joining me right now are texas congressman august pfluger, former air force pilot, and jake ellzey, former navy pilot. gentlemen, thanks very much for being here. we so appreciate your time this morning. >> morning, maria. >> thank you, maria. maria: and, congressman el ellzey, kick us off in terms of your assessment of where we are, and you wanted to look at the leadership on display. >> you know, if you watched volodymyr zelenskyy over the last ten days, you will see a leader that vladimir putin never expected. e zelenskyy is the leader of his people much like churchill and king george rolled into one where vladimir putin is p

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jp morgan received approval from the u.s. authorities to send the payment to city, and it can put a technical default off of the table. questions remain about corporate debt. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. shery: plenty more to come. stay with us. this is bloomberg. >> we are still waiting for confirmation that the holders of the dollar bonds with these coupons are receiving those. it is a very complex process. and until we receive the coupons, and if there is a failure to receive coupons, there is a second issue. because of the sanctions, holders of these dollar bonds won't receive dollars, they will receive rubles. even if they are the same valuation, that is not what they signed up for. >> as rates go up, the tide goes out and we will see who will be swimming naked. a lot of countries will have difficulty making payments if they are foreclosed from capital markets. shery: former

maybe jp morgan would be there, going back to the time of the revolution. this is a bank that has prided itself in european commercial interests, and there is a heritage here that can be missed. jonathan: jp morgan and goldman made a move last week, but it was always going to be about citi, which has a larger footprint in russia. if they shift that consumer unit, where do they shift it to? who do they sell it to? the domestic banks right now are now sanctioned. i think it gets very difficult, and in their words come of this decision will take time to execute. lisa a: just imagine all of the multinational companies trying to exit that need to exit financially and do it gracefully, and they need a banking partner. talk about a complicated engagement. jonathan: the second paragraph reads, "we have also decided to stop soliciting any new business or clients providing assistance to multinational corporations, many of whom undergoing the complex process of under winding their obligations. we will continue to manage our existing regulatory commitments and obligati

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at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. a goal to work toward, or the freedom to walk away. with 200 years of experience, personalized advice, and commission free trades on an award-winning app, we are working for you. planning. investing. advice. jp morgan wealth management. from the state under a bill moving through the state legislature. cal matters. reports that the bill would allow cal grant stir rise with inflation and it would eliminate a financial penalty for students at schools that failed to meet a goal for accepting transfer students from community colleges. or the 27,000 students at private colleges get cal grants, most of them students of color, according to the report. aid you high school in oakland is about to graduate, its first senior class with a pretty impressive accomplishment as ktvu is an rubin tells us all 50 students in cristo rey de lascelles senior class. well. they were accepted to a four year college. cristo rey de la salle in oakland is a high sc

jp morgan wealth management. >> 14, we always talk about time. time to do some time in app. whatever. and i'm talking, i'm trying meditate that you could do it for like 2 or 5 minutes. yes. and at the end of the and enough time. so my favorite oprah and the poncho, yes, rhyme. they man you can meditate for one. if you can't find time to meditate once a day, you need to meditate. twice a day. all throughout the like a minute or so. yeah, i'm doing right now. it's really more an okay. g will meditate. way many people have all the time that need the least meditating, i but you know what? it is a good day to get outside a little bit later on that. your meditation this morning into joy. what >> coming? the grey start. i guess you could say san jose, not the brightest of mornings, but we're actually going to get there a little bit later on today. right now, shower activity, barely skirting the region, get to work its way to our north. >> you do see some snow in the southern sierra. some rain up in mendocino and humbold

at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. a goal to work toward, or the freedom to walk away. with 200 years of experience, personalized advice, and commission free trades on an award-winning app, we are working for you. planning. investing. advice. jp morgan wealth management. ♪ one-two-three ♪ ♪ ♪ uh, alright, uh! ♪ ♪ got to know how to pony ♪ ♪ like bony maronie ♪ ♪ uh! ♪ ♪ you know i feel alright? ♪ ♪ hah! ♪ ♪ i feel pretty good, yall ♪ ♪ uh! ♪ ♪ oww! ♪ ♪ ♪ ohh, help me! ♪ ♪ ♪ ohh, help me! ♪ >> actors there should be drama at the oscars, but it was not quite the drama. we were prepared because it was unexpected. we've got sam rubin with that and actually who won awards last night at the aside from the smack heard around the world, statuettes were in fact, handed out first for the anticipated best supporting actress honor presented to carry out of the bows from west side story becoming the first openly woman of color to

jp morgan wealth management. what has been very active thursday morning. so far. >> some of us have stayed dry. some of us have seen more activity than others involving rain. a little bit of lightning and also some spots, a hail, too. you're look outside right now at the east bay shows those cloudy conditions from your berkeley hills cam right here. low cloud cover pushing along with multiple waves of rain fall. the first is the one that has resulted in thunderstorms and hail the second. a lot more gentle as just worked its way across the peninsula, resulting in some light showers here and there and then much more widespread rainfall push to the north, mostly north of santa rosa at this point and on up into lake and mendocino counties. let's start with the south bay. some pockets of light to moderate showers still remaining from mountain view, stretching on up through the east bay. this line of showers is the one that all eyes have been on lately. we've had lightning strikes as well as hail from walnut creek up to concord. we've had lightning strikes as we

at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. a goal to work toward, or the freedom to walk away. with 200 years of experience, personalized advice, and commission free trades on an award-winning app, we are working for you. planning. investing. advice. jp morgan wealth management. 7% jump at new jobs in january, compared to the national average of 4.6% california has now regained 82% of the roughly 2.7. million jobs estate lost in march and april of 2020 labor shortages, really pinching the restaurant industry where covid got hit very hard? founded me might maybe a risky here because we need to deal with a lot of people every day, every time. even we even they were much but still whiskey environment. employers added more than 53,000 new jobs in february. california's unemployment rate now stands at 5.8. checking wall street on this friday. financial markets ended the day down market of fourth losing week in the last five as investors watched the very latest grimm developments com

jp morgan wealth management. in new york city, ♪ ♪ there's always something new to discover. ♪ ♪ ♪ ♪ ♪ ♪ come be a part of it. plan your next vacation at iloveny.com berkeley today, the california supreme court ruled against the university and in favor of neighbors who opposed rising enrollment without adding housing. well that means u. c. berkeley must cut enrollment by roughly 3000 students for next fall. it's a hit to the thousands of applicants who are waiting for letters to hear if they had been accepted. in a statement, the university called this ruling disheartening and said it would seek possible legislative solutions. in the meantime, cal says that it will try to lessen the impact by enrolling more students online or asking them to delay by a year. deputies in marin county right now investigating a deadly shooting. it happened on drake avenue in marin city just before four this afternoon. they say they responded to reports of gunshots and arrived to find one man unresponsive. he was prono

jp morgan wealth management. left four people wounded. police say they believe an argument between two groups started inside that family entertainment venue, which then led to the shooting. outside ktvu zuniga says live in concord, with the latest from police in a statement from david buster in s were fired just before 11 o'clock last night. today this david busters is temporarily closed, finds taped to the front doors say it will reopen at five this evening. a sunday night trip to dave and buster's and conquered, ended with a frenzy of panicked guests and employees exiting the restaurant and video arcade spot after hearing gunshots ring out people outside hugged loved ones. as concord police took down witness statements. the shooting happened just before 11 pm when officers arrived, they found a man and woman with gunshot wounds. two other men struck by gunfire drove 18 miles east to a hospital in antiochus. the investigation is in its early stages in the condition and identities of the four who were shot have not been released. david bu

jp morgan wealth management. be able to drive on jfk drive again in san francisco's golden gate park because they're going to probably make it carper car-free for good. a 3 mile stretch of the road between lincoln way and keys are drive has been off limits to a motorized vehicles since the early days, the pandemic and, you know, they did that back then to create social distancing and make everybody. i just have an easier time walking and biking like these kids, the sfmta in the city's parks department got mostly positive feedback when they asked about the street closure about 10,000 people over 8 months said yeah, keep it closed forever. the san francisco board of supervisors is expected to vote on the plan as soon as next month. uc berkeley trying to figure out how we're going to pull these kids here. we don't have any dorms. alternative enrollment arrangements is with the trying for some incoming students because they are about housing. and that's because of a lawsuit. let me explain. the university is asking s

jp morgan wealth management. unleash the freshness... ♪ still fresh ♪ fressshhhhhh in wash-scent booster ♪ downy unstopables >> 7.41 is the time in the east bay. local groups and nonprofits are teaming up to send donations to help people in ukraine. the nonprofit called white pony express along with a group called tesla owners east bay that up in alameda yesterday and they donated all kinds of goods, medications, food, clothing, and more. the leaders of both groups say they are happy to team up and glad that they could come out with some donations to help people. amazing how the community of tesla owners. >> raleigh, quickly and substitute lee. >> to make this some of the things that excited they brought sleeping bags, a medical supplies people donated over the counter drugs. >> donations from this latest effort are going to be shipped out next week. >> at 7.42, we'll be right back. what can i du with less asthma? with dupixent, i can du more— beginners' yoga. namaste— —surprise parties. aww, you guys

at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. owar or freed to wa awa ri opece, and commission free trades on an award-winning app, persondv we are working for you. planning. investing. advice. jp morgan wealth management. behold...unlimited wireless for only 30 bucks. that's pretty cool, but you know what's cooler? saving up to 400 bucks! exactly. and if we really want to take it up a notch... get all that and nationwide 5g included. oh nice shot, send that to me. i got you. break free from the big three and get connected to the nations most reliable 5g network. get the new samsung galaxy s22 series on xfinity mobile. and right now, save big with up to $750 off a new samsung device. switch today. >>> the late show with stephen colbert is next. >> thanks for watching, the news continues streaming on cbs bay area, have a good night captioning sponsored by cbs >> north carolina congressman madison cawthorn says federal lawmakers invited him to an orgy and did cocaine in front of him

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another payday for jp morgan ceo jamie dimon. he just received over 56 william dollars of jp morgan stock before taxes. it comes with an incentive program the bank valued at less than half that much. the latest involved -- the latest windfall was handled by the surging business during the pandemic. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am lisa mateo. this is bloomberg. >> i do think so far we are seeing clearly the situation in ukraine has put inflationary pressures into the economy. you can see that in gas prices, wheat, aluminum, nickel, fertilizer. i have not seen a drop in demand. jonathan: the richmond fed speaking to michael mckee. good morning. futures are higher by 0.1% on the s&p. the 10 year down three basis points, a monster move in the bond market. in terms of yield, all the way out to 30's. crude down by six percentage points to $101.20 as we could have a monster release from the administration. all of a sudden, consen

i happen to be working in jp morgan when it was first getting into russian markets in the mid-90's. the absence of the percent -- from a credit perspective the risk is low. the market risk is much higher. all kinds of commodity bonds, you have securitization based on russian assets, you have foreign-exchange portfolios, then you have the fact you have all kinds of countries like sri lanka, the former fsu, the former soviet union countries, some in latin america that are very interconnected to exports and imports, not to mention africa. that is where i worry some of that spillover is going to happen, more from a market risk perspective rather than a credit risk perspective. lisa: are there specific banks you are keeping your eye on? mayra: definitely unicredit from italy, those banks are much more exposed russia from a credit perspective. then there's also the market risk perspective. of course citibank, goldman sachs, j.p. morgan, they are the largest trading houses, you will still see volatility in their trading portfolios. it will not just be russia and ukraine. it'll be all of th

jp morgan is warning that russia's economy could be headed for a major collapse. the bank's analyst says the increasing collapse of the exports could see a fallout comparable to 1998. jp morgan is pretty thing a peak to trough crash in russian to mystic product -- russian domestic product of about 11%. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ jonathan: just getting pictures of what appears to be secretary blinken alongside nato members in a family photo in brussels, belgium. that is jen's stilton berg -- jen's stoltenberg -- jens stilton berg -- jens stoltenberg alongside secretary blinken. tom: can you imagine the scenarios and outcomes they have been briefed on by their military authorities? jonathan: the gentleman right in the center, the nato secretary-general, his words this morning, it just demonstrates the recklessness of this war and the importance of ending it. how they choose to respond to this today, i've got

jp morgan wealth management. when you need help it's great to be in sync with customer service. a team of reps who can anticipate the next step genesys technology is changing the way customer service teams anticipate what customers need. because happy customers are music to our ears. genesys, we're behind every customer smile. care coalition, it's so good to see you all! alright! let's brainstorm. any ideas for new members? i'd like to nominate alaska airlines. this neck pillow i'm dating says great things! a caring airline?! wait, those exist?! it says here they were the first airline to switch from plastic bottles to boxed water. they also hire a lot of people from caring professions. i'm seeing former teachers and nurses. it's settled! alaska airlines is officially in the running! round of applause! >>> nfl the quarterbacks, what are you doing with these guys, trey lance and jimmy garoppolo. that brings up debate. >> you want answers? >> i think i am entitled. >> i want the truth. >> you can't handle the truth. >> try us. quarterback jimmy garoppolo and his shoulder remain on

jp morgan wealth management. >>> escaping ukraine. so many people desperate to get out of harm's way. new numbers and how the bay area is welcoming refugees. >>> a small but meaningful gesture as the crisis intensifies. >> it's horrible. it's been seven days but it is surreal. i cannot imagine this has happened to my country. >> reporter: what is no longer on the menu of this restaurant and the employee who inspired the change. >>> plus, a spotty rain chance and something you'll really notice. much colder temperatures. >> reporter: there's one thing you needed tad to get into the justin bieber concert tonight. >>> good evening. we begin with braus in the south bay. the search is on for a deliver involved in a deadly hit and run. a drir hit a pedestrian. this happened on south white road and cold water drive near the family ymca. the perils did rush the victim to a election hospital. but that person did not survive. northbound traffic on white road is closed as police investigate. >>> also tonight, the invasion of ukrainian. we often g

at jp morgan, the only definition of wealth that matters is yours. it can be a smaller house, but a bigger nest egg. a goal to work toward, or the freedom to walk away. with 200 years of experience, personalized advice, and commission free trades on an award-winning app, we are working for you. planning. investing. advice. jp morgan wealth management. >> and now kron 4 sports. >> thousands of regular season game. 64 ncaa tournament teams and now it's all come down to this. the elite 8, 2, of the best teams in the nation are going at it right here at chase center in this building over my shoulder as we speak. can arkansas battling it out and only one can earn a trip to the final 4. so naturally fans of both these squads came out to thrive city today and to the game to celebrate their team's. let's break it all down a little bit. >> this is business as usual for the duke blue devils. they get to the elite 8 23 times before 17 with current head coach mike chef ski. he's also won them 5 championships and he's announced that this season will be his every