in other cases, there are reasons to try to preserve assets and make the adjustment, take the adjustmentn the chin. in the case of russia, that is largely what has been happening at an effort at fiscal austerity despite wars of choice. and a triage about who gets summer support on the ask colonel -- on the external debt front. guy: if i think about what is going to happen in 2016 and i think about maybe we are going to get more stimulus, maybe we see less tightening from the fed because of the dis-inflationary one of we are seeing, the captivating factors could be we could see some fairly certificate assets coming onto the market. and if that equity markets think they are going to go up is going to ask as -- act as a brake on that story. >> i think that is right. there's this hope this hwole process will slow down -- this whole process will slow down the fed but we are not quite yet seeing that and rhetoric from the fed. i think we are still hearing four hikes. still seeing prices less than that. so, there is this "and when it comes to the feds of the dots versus market pricing. on the a

that might require more of an adjustment in the currency.hat adjustment in the currency would have an effect on the rest of the world, which would also transmit deflationary pressures to the rest of the world because those exchange rates would essentially appreciate, and that has and if act at a time when there is a weakness in the rest of the world. we have to look at the impact china has on the rest of the world and the rest of the world has on china and the fact that there is not much effectiveness in monetary policy. a risky bind create situation. >> in relation to exchange rates and under currency, i think you are completely right. i think this illusionary pegging against the dollar has to be dismissed. the remnant make -- the renminbi has been quite stable, not just now, before the last few months, and that has been knowledge understood by markets. been complaint that there's depreciation against one currency, but you are doing that against a basket of currency. communication on that one is an important one. >> i just wanted to remind

and markets are adjusting to that. markets, we know, are not always a smooth adjustment. they like to be bumpy. jonathan: what do you make of it, 40 bear markets globally? are we entering a protracted bear market or just a correction? >> too early to tell. i think that right now we can still be in this bumpy correction mode and it will take some time. jonathan: for italy, you guys have the ftse mib and you see italian banks down. what do you make of italian banks? >> it is part of a repricing of the sector in general, not just italian banks. worldwide banks are adjusting. italy has their own special problem. thisn -- they have l problem accumulating over the years. finally, it looks like they are coming to some mutual agreement. jonathan: do you think the underperformance of italian banks is connected to the ecb's request for more data, more information on bad loans? >> i want to see it. i'm not sure what exactly it is going to be. i think that mostly, in a fragile, correcting market, the pl's is the main reason, frankly. jonathan: for the financial sector in italy, if an

type of adjustment process -- three-year type of adjustment process.e equivalent. it's going to be a negative world economy, and that passes through to emerging countries, particularly those that depend on exports in china or have commodities, and then that is passing through in turn to a number of countries, so there is a world deflationary pressure that exist, and that's why when we think about the fed's policies, there's not a country in the world that should not ease its monetary policies. they be some should stay fat. maybe u.k. should stay fat. -- maybe some should stay fat. maybe u.k. should stay fat. by a large, we have that self enforcing growth because the rest of the world represents weakening force in china to the exports for their demand. that is also weakening. i think the question will be -- where is the locomotive? >> where is it, and what does it mean for fed policy? if you look at deflationary pressures, how does janet yellen look at this? >> i think the federal reserve thinks of the business cycle. classic business cycle is that when

based on january pg&e rates and the administrative adjustment by the general manager and to approve the methods for future annual rates that pg&e barbara hale talked about but before we get into the nitty-gritty details i thought to step back and look at the methodologies that general manager kelly a methodology and basic structure you adopted in may, may 12th is basically says that you start with the pg&e generation rate and make a couple of deductions one through the price excessiveness reduction of half percent which is an item i think that hal talked about it to lore to a quarter of a percent and the pass through charges the p cia the power charge and the surcharge to calculate the pg&e power rates so essentially we need to offer a discount equal to have rate parities with the pg&e so we have some kind of - the next two slides provide a little bit of numbers behind the discussion we're having those numbers relate to the pg&e current rates not weren't to projected january 2016 rates this first slide is a summary of the current pg&e residential service rate and as you can see it i

so maybe something else has to adjust. the risky financial markets, and to some extent nominal gdp. francine: so you're talking about stocks worldwide. are we in for a long correction? nobody can seriously claim that china was connected to nominal gdp. why are we surprised that it can fall 7% in one day when the sixnal gdp for the year is or seven? joined us onman "surveillance" recently, and he spoke about the challenges in the business. they are exploring their options, something very important to know, iconic for new york viewers and listeners. show those options. effects. knock-on francine: if you look at the commodities super cycle, we forget that it is linked to everything, but it is a very different point. david talking today with holdridge landau. -- with david full kurtz landau. davide: let's be clear. to the world, the oil price is a good thing. this is a tax we have been paying to a commodity producer. you think about a combined number of people, less than 400 million people, the benefits would be that 6 billion

adjusted and fine-tuned as we go through the week. now here )s kristen crowley democratic presidential candidates hillary clinton and bernie sanders went toe to toe on gun control last night. while martin o )malley struggled to be heard. after the debate, clinton celebrated with her supporters. weijia jiang has the story. greeted supporters and posed for pictures.....follo wing the final debate before the iowa caucuses. dissolve earlier, mrs. clinton and vermont senator bernie sanders clashed on a number of issues......startin g with gun control. sot: hillary clinton/democra tic presidential candidate :22-:32 he voted for immunity for gun makers and sellers, which the nra said was the most important piece of gun legislation in 20 years. clinton slammed sanders for voting with the nra and for reversing his position on immunity for gun manufacturers. but sanders pointed to his lifetime rating of d minus with the powerful gun lobby. sot: sen. bernie sanders/democra tic presidential candidate i think secretary clinton knows what she says

we are going to see -- china is going through this adjustment process. i think, at least a three-year type of adjustment process, with a lot of these structural things. so, it is going to be a negative on the margin. a negative for the world economy, and that passes through to emerging countries. particularly those who have the dependence on exports to china or commodities. and that is passing through, in turn, to a number of countries. so, there is a world of deflationary pressure that's in existence. that is why, when we think about the fed's policies, there's not a country in the world that should not ease its monetary policies. maybe some should stay pat. maybe the ua -- the u.k. should stay pat. but, by and large, we have that self-reinforcing negative circumstance, in terms of growth. that is a problem, because the rest of the world also represents a weakening in china for the exports for their demand. that is also weakening. so i think the question will be, where is the locomotive? francine: where is it, and what does it mean for fed policy? if yo

i think we are going through a cyclical, you can't help but go over that adjustment.t last two or three years. it comes at a bad time for the rest of the world, because when you look at its impact on commodity prices, and not just commodity prices, but the other economies in brazil and so on, and when you look at the vulnerability of the rest of the world in terms of monetary policy, that's a bad combination. we'll get past that. a bad year in china is a great year in almost any other country. francine: do you question their commitment to structural reform? what are the dangers if the structural reforms are not being pushed through? we went through a couple of years of intense discussions with the chinese of parties because we were going to review the baskets of currency that define the value. this is what central banks around the world use. if you asked me if the chinese of 40's would complete the forms they had to take in order to satisfy the criteria of that currency, i would've said i don't think so. when the authorities put their mind, and are determined for stra

. >> and adjustable. the bottom we can adjust to the golfer specifically. >> jeff: i've seen this. i have a club that can do this. it adjusts the loss so you can hit it higher. more of a streaker. >> exactly. or we can adjust loan we can make it that much better by tuning it. >> jeff: so if you have one of those big draws you can adjust that. >> absolutely. make the club fit that golfer better. >> jeff: the shoes are a must. >> with golf footwear this is ul. that's compacted air that gives this a ton of comfort. and really golf footwear has come a long ways in the last years. we think about golf clubs when we think about equipment but footwear is every part of that as well. more athletic players playing the game it makes sense to have athletic foot wear on their feet. >> jeff: again if your goal for new year's is to become a better golfer it starts with the gear, it starts with the clubs and si_nore mejo e when you see tayt isma golfer who is at least trying if not really k y for coming on. >> michelle: okay. general motors making a half million dollar investment inaling company ly

the retailer offers a price adjustment for nearly 30 other stores. home depot is another store that will match a competitor's advertised prices by 10-percent... but you can only get that discount in stores.. not online. and lowe's came out on top when it came to... price matching. the retailer will beat a competitor's advertised price by 10-percent for up to 30-days after you've made the purchase. tesla just announced they've hit a new milestone... the company's annual car shiptment goal for 20-15. and, the nevada museum of art has just one more week featuring an exhibit on tahoe's history. we'll have the details. "you're watching kolo 8 news now good morning reno with dave lawrence, amanda sanchez and lindsey matherly a more active storm pattern will set up across the region this week with periods of impact to travel, especially across the sierra. at this time, the greatest impacts will be tuesday and next weekend as a couple of stronger moderate snowfall potential. small adjustments were made to the ongoing forecast, but the overall message remains

small adjustments were made to the ongoing forecast, but the overall message remains the same. the storm door is open this week with periods of widespread and moderate snowfall that will likely impact travel across the sierra and may also impact lower valley floors of ski resort after a chair fell off the ..north bowl lift.. yesterday morning. this is video from lara miller who was on the ski lift when it happened. the resort stopped operating the chair lift immediately and sent ski patrol to safely evacuate everyone who was on it... in all 65 people had to be evacuated. no one was injured in the incident. heavenly's lift maintenance team is conducting a complete investigation into the cause of the chair's fall. a man is in custody after shooting and injuring a storey county sheriff's deputy during a domestic violence call. it happened around 4:30 saturday afternoon - in the virginia city highlands. deputies, responding to a report of domestic violence were confronted by 51-year- old charles stutts. stutts fired a rifle several times, hitting one of the deputies and another per

you can both adjust the bed for the best sleep of your life.ase of sleepiq technology and flexfit3 adjustable base. ends monday. >> all right. that is our report this friday night. we appreciate your time. >> thanks for joining us. right now >>> and now abc's "jimmy kimmel live." >> dicky: from hollywood it's "jimmy kimmel live"! tonight, kathy griffin. oscar winning screenwriter aaron sorkin. and music from the internet. with cleto and the cletones. and now, after all, here's jimmy kimmel! ♪ [ cheers and applause ]

sleepiq technology tells you how well you slept and what adjustments you can make.the bed soft. he's more hardcore. so your sleep goes from good to great to wow! save $1100 on the i8 mattress with purchase of sleepiq technology and flexfit3 adjustable base. ends monday. know better sleep with sleep number. maria: welcome back live. i maria bartiromo. we are coming to you live at the site of last night fox business network presidential debate. blake burman right now. >> hi, maria. good morning to you as well. if you had any doubt that the dow between donald trump and ted cruz is over, last night it is fair to say a race any and all of those suspicion. crews came with a ready-made answer over the question that trump has been proposed in the last week or two about whether or not cruz is indeed a natural born citizen and that's making him eligible to run for president of the united states. trump responded in part by saying one of the reasons he wants cruise to have this cleared up if in case you want to have cruz as as as presidential nominee. >> we are running. i win.

based on january pg&e raised and then approve a method for the rate adjustments so what would be theneks next step we'll take action to submit that information for the board of supervisors for their per charter they can reject it the gm based on january pg&e rates would adjust the schedule and then present to you and the rate fairness board the customer notices the rates to be included for opt out >> should i move on to the matter of credit item. >> just to -- on the guidance you're seeking the rates are not finally set until we know what the power costs are and the pg&e rates so the guidance is a non-binding guidance. >> pardon me. >> this not the final feel what i'm thinking the choice within a half and quarter of a cent discount i don't know i'm qualified to make that choice but i would be comfortable i said hate it have you locked into something a half of cent should have the flexibility to make the market value program as good as it can be. >> norway reign i'm not sure that is a level of discretion. >> sorry i was writing a note to the commission president i didn't hear the ques

producers to bear the burden of supply adjustment.ou expected to come down by $575,000 a barrel -- 575,000 barrels. have they put enough money aside as the production rolls over? the 1980's shed a lot of light on this question. at the total losses that banks were faced with in the 1980's and we saw the 10, overalln to losses were around 10%. we look at what the market is trying to price in today, it's a little bit above that. i've heard highs of 20 or 30%. look at the flexibility of the system and the system can more easily today than it has in the past. it would reduce the number of defaults, so if anything, the market is pricing too much of a loss rate right now. alix: that was the goldman sachs head of commodities research. we will have more of my commodities with him as the charts that have the oil bulls scared. ♪ scarlet: breaking news on jamie dimon -- the ceos pay being boosted to $27 million for 2015. his salary portion is way 1.5 million and the rest is variable compensation including restrict did stocks, $28 million worth. i

he market will have to adjust. individual activity and human behavior, if i'm going to intercede and take this on and be criticized after i didn't do it against a demand, i'm not going to find out until the other side of it. it tends to be more sure that you're going to be right. that tends to slow down the process. that being said, that's a technical question, technical argument. it does have a dampening effect. eric: you talk about the consistency of your fixed income revenue. morgan stanley is shrinking in fixed income. goldman sachs. what do you see? brian: i'm probably in the middle in the sense i come out of it a different way. why? to support our client base which we have the issuer of our clients and investor of our clients. and a lot comes from matching those people every day. high yield issuance, high grade. hedging for middle market companies, large companies. commodities. all that type stuff. the business you have is not really a fixed income business -- >> as you see competitors like morgan stanley, fo

small adjustments it could be time to drive to california... no one won the $340 million prize in this past saturday's powerball drawing which means wednesday's jackpot will be an estimated $400 million. that would make it the largest jackpot since september 18, 2013... when a south carolina winner matched all the numbers to win $399.4 million dollars... the sixth largest powerball in history. if you're a shopper who's always looking for the best deal and likes... 'price matching'... we have a list of stores that offer bonuses on top of the standard policy of matching competitors' prices. according to nerd wallet dot com staples beat competitors' lowest prices by 10- percent. the office supply chain will match the price of items for up to 14-days after your purchase. target will also match a competitor's price for up to 14-days after purchase. the retailer offers a price adjustment for nearly 30 other stores. home depot is another store that will match a competitor's advertised prices by 10-percent... but you can only get that discount in store

but for now it is an adjustment process.entirely new regime to have some sort of state control in it as much as it is right now. scarlet: this is still a carryover from the august evaluation. i like what you set about to the world adjusting to a new regime. is there a currency pair you look at as a currency key driver? a biggerprojects decline in the markets have been priced for in terms of the chinese yuan, . just a fewrojecting and now they are entertaining the fact that they may be a few more. raise the represents some degree of uncertainty because it has not been made clear what china will do. whether will ship from focusing on its currency as it is valued against the u.s. dollar, or basket of currencies that reflect its trading partners. the activities it hasn't with its trading partners. it has not made that clear yet. but it does have a huge arsenal of reserves. and has built up lots of money. it is spending $100 billion a up.th to keep its currency o it has three different choices. costly,lowly, that is $150 billion

the heaviest of the snow will fall all day tuesday there may be some adjustments in likely acroros the kwwl viewing considerable blowing and planning and investing in the future - - it is s smething many can relate to. one eastern iowa community is trying to do just that - - with plans to expand its school's facilities. kwwl's jessica hartman has the details. denver - - it is a small town with a big future. families moving to the area and school officials say they are already pushing their limits - - when it comes to their atletic and performance facilities. the denver pridd in this that seats. it is a problem the school has had for years and it just don't have enough seating space." but fans seating is the least of the issues. - - with one high school gym and a small second m at the elementry school - - sports are fighting for gym time. amy terril "they are running in the hallways, and have to utalize any space they possibly can because there is no gym time." for the third time - - community members are hoping to chnge that - - with phase one of a 2 part joann blumenshine "doing nothi

we're adjusting to a slower-growing china. we're adjusting to a world awash in oil.nd any one of those three things would be a big deal for the market. we're taking all three of them on at once. but this doesn't feel like a bubble burst to me. >> final quick thought. >> michael, to your point, net net on today i was a buyer on balance for my customers. and my customers are not retail. i'm not a retail broker. i'm not managing money. my customers are asset managers. but net net i was a buyer on balance. not an aggressive one. i was a patient buyer. if prices came, i was happy to buy. >> have to leave it there. thank you very much. kenny -- >> that's what we're doing. >> -- and michael, appreciate it. >> thanks. >>> in a phone interview today respected investor leon cooperman of omega advisers told investors to hang tough and that this rout doesn't have the signs of a classic bear market. >> i guess what i'd say is i'm not selling, i'm holding on because i do believe it's a growth scare rather than a bear market. you look at retail sales and overall economic activity,

the retailer offers a price adjustment for nearly 30 other stores. home depot is another store that will match a competitor's advertised prices by 10-percent... but you can only get that discount in stores.. not online. and lowe's came out on top when it came to... price matching. the retailer will beat a competitor's advertised price by 10-percent for up to 30-days after you've made the purchase. and now here's a look at the latest going on in show business. police in las vegas are investigating a claim by a woman who says chris brown hit her after she tried to take his picture. a publicist for brown says the woman's story is quote "a complete fabrication." in 2009, chris brown pleaded guilty to felony assault of rihanna -- his girlfriend at the time. tommy lee spent new yep, that's him dangling roller-coaster got stuck during a performance at the staples center in los angeles. the motley crue drummer finally got bailed out with the help of a few roadies. it was billed as motley crue's final concert of their final tour. nats up music video clip: "re

air t, you adjust your exposure to stocks and bonds.sidered actively manage product, but it is automated reactions to signals in the market. his expiration for a lot of the volatility in august with that this stuff kicked in and really accessible in the moves -- exacerbated the move to the downside and upside. there is a little bit of that going on. there are other things in play obviously. share buybacksr is a big deal. that was not during most of the bull market because it were plenty of other people buying. as we flatlined out and aggressive buying interest little, i next became more important. it is something to consider. scarlet: going back to the carnage of the last couple days the russell 2000 has entered a bear market. we do not talk about it as much as we do the s&p 500. a couple of the groups we monitor have been struggling. >> all caps are the canary in the coal mine for a lot of people. the soldiersee marching with the generals, and they are kind of marching off of a cliff right now. it makes people worried that the generals

we have to expect some kind of adjustments in 2016.re also the good times to plan for the future. that is the reason why we are starting to implement strategic plan in the next five years. we think we're going to double our count in this region. crude has extended its , the from an 11-year low lowest since 2010. the bad data out of china over the weekend field concern of further weakness in the world's biggest energy user. catalonia has formed a government dedicated to splitting from spain. it increases the pressure on political leaders to find a way out. --a: manus: let's check in on the market with david ingles. we have the hang seng on the move. take us through the day's trade. david: there is no way to describe really what is happening. you have to take a look at some of these losses. it is not funny anymore, really. shanghai composite down over 5% into the close. depending on which benchmark you look at, it is much worse for smaller caps. they have about an hour straight left in hong kong. it tends to get worse when china shuts an

you can both adjust the bed for the best sleep of your life.th purchase of sleepiq technology and flexfit3 adjustable base. ends monday. >>> walnut creek, cameo, and all the bay area. this is abc 7 news. >> abc 7 news, elementary school in san francisco today for the opening of the shared school yard project. supervisor mark started the project years ago and locked up school yards now open on the weekend. increasing open space for children and families, like now 28 city schools take part in the project. the centerpiece of a new san francisco neighborhood is now one step closer to completion. only abc 7 was there when crews hit a major milestone. abc 7 morning news anchor reggie o'key checks on the progress. >> high above san francisco, a crane lifted a final beam into place. >> significant because all the structure of steel is now done. >> it mark the ae next phase of -- a transit hub some people are calling the grand central station of the west. >> i have been working on this project 18 years from the very beginning to now and to see it coming

they are making adjustments as they go.the more important issue, in my view, is what is happening with the currency. you have seen significant currency devaluations. remember we tend to make interpretations of what is happening based on what we are seeing and how we are reacting. react in the short-term, which tends to exaggerate what is going on. if you think about the currency issue, it is no longer in china's test interest to take exclusively to the dollar. we are normalizing interest rate policy, alone in the world. the dollar has moved up in a significant way. china announced in december, it will move the exchange rate mechanism closer to the market, so it is moving to a trade weighted basket for exchange rate policy. that is perfectly fine. what it has not done a good job doing is communicating the steps taken. betty: does that mean it is appropriate, the moves they have made, is that appropriate? >> they are trying to get out of the market entirely. as a first step, they are saying, let's track closer to the market r

there's an adjustment period. part will be education to get people to understand the circuit breakers but one investor that we spoke to i thought really told it all, he was trying to sell a couple of his stocks and when he went in he wasn't able to, immediately tried to sell them and locked up and complete panic ensued. >> thank you so much for that. >> meantime, breaking news for you. tourists were attacked by gunmen at a cairo hotel according to israelis. gunmen opened fire on a tourist bus at a cairo hotel there were no deaths. we'll keep you updated on that story. that's it for today's show. >> worldwide exchange is coming up next. nobody move! get on the floor! do something! oh i'm not a security guard, i'm a security monitor. i only notify people if there is a robbery. there's a robbery. why monitor a problem if you don't fix it? that's why lifelock does more than free credit monitoring to protect you from identity theft. we not only alert you to identity threats, if you have a problem, we'll spend up to a m

expect this forecast to be adjusted and fine-tuned as we go through the week. an emergency call to a 9-1-1 dispatcher went unanswered ---police say an employee was on the other line ordering her lunch. according to reports a man had a seizure and passed out while at an optometrist s officer in fort lauderdale florida. an employee called after an investigation police say they found that the only dispatcher available at the time was busy placing a seven- minute food order. a recording of the call revealed some of the order. outcue: ".. " duration:0:00 sot-pizza order call: " poppy s pizza: "okay, what can i get for you?" - 911 dispatcher: "let me have one slice of cheese pizza. let me have a lunch special, the pizza lunch special-- two cheese pizzas and a coke. let me have the lunch special-- two pepperonis and a coke." the dispatcher who missed the call admitted to her mistake and was written up. as for the man who passed out he thankfully regained consciousness here in vineland, home of progresso, we figured out how to get rich ingredients like bacon into 22 li

and i assure you that i will never adjust to the madness of militarism.you see, it may well be that our whole world is in need at this time for a new organization- the international association for the advancement of creative maladjustment- men and women-men and women who will be as maladjusted as the prophet amos, who in the midst of the injustices of his day could cry out in words that echo across the centuries, "let justice roll down like waters and righteousness like a mighty stream"; as maladjusted as the late abraham lincoln, the great president of our nation, who had the vision to see that the united states could not survive half-slave and half-free; as maladjusted as thomas jefferson, who, in the midst of an age amazingly adjusted to slavery, could etch across the pages of history words lifted to cosmic proportions: "we hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness"; as maladjusted as jesus

sleepiq technology tells you how well you slept and what adjustments you can make.u like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! save $1100 on the i8 mattress with purchase of sleepiq technology and flexfit3 adjustable base. ends monday. know better sleep with sleep number. [how about a thousand dollars money witmore?r refund? ♪ a thousand people win a thousand dollars on top of their refund. every single day. i will not lose. it's refund season. >>> a lot of fans are asking where is the diversity in hollywood. not a single actor of color is named in any of the four acting categories for the second year in a row. i want to talk about this with nischelle turner, host of "entertainment tonight." thank you for joining me tonight. we are diverse here, unlike the oscars. so i'm so glad you guys are on. >> some people may say we're not diverse at all. >> trust me, we are. take a look at these photos of this year's oscar nominations for best supporting actor and actresses. you notice anything? >> you are trying to pull me right in. f

they may be got too hot, as there is a period of adjustment. learning to deal with that in a way that does not cause a loss of confidence is part of the challenge. manus: that confidence is the critical word here. the psychological view, i read a great line yesterday from jeffrey gundlach. capital preservation is what the markets will be about, not about making money. does that transfer of the tree into the boardroom for you? michael: the companies i am involved in, we are very clear. in my personal view, when you look at what happened in 2008, sometimes you forget that too quickly. a strong balance sheet is very important. in uncertain times like that, you have the lines of credit, the balance sheet, the ability to withstand shocks you are not expecting. let us take oil. no one foresaw this collapse. why not? it was quite obvious some areas were slowing down, some more efficient use of oil and fuel. more green energy coming through, we knew the americans were producing shale. it was a shock. and actually, that has negative reproductions. simil

adjusted snow levels down in lassen/plumas tonight. new this morning. a sparks man is facing first degree arson charges after police say he intentionally set his apartment on fire. 20-year old tristan dufurrena was arrested last night. fire crews responded to an apartment complex on merchant street near oddie and rock around 7:30. when crews arrived, it appeared a fire had been started then put out. officers tracked down dufurrena a short time later and determined he started the fire. dufurrena is also facing charges of obstructing a peace officer and possession of drug paraphernalia. he's being held on 21- thousand dollars bail. and around 8:30 last night... a motorhome went up in flames in the area of yori and gentry. there was no one inside, and no one else around under investigation. now to the campaign trail. republican presidential candidate carly fiorina rallying in reno. she spoke at the lakeridge golf course yesterday. wine and cocktails from now on. you guys are revved up here. after cracking a few jokes...welcome to nevada! there you go. ...c

you can both adjust the bed for the best sleep of your life. save $1100 on the i8 mattress with purchase of sleepiq technology and flexfit3 adjustable base.

they adjusted the minimum wage of $12.55 per hour.ing walmart will be a huge tax revenue loss to oakland. >> we are dealing with scattered and light showers tonight, but it is around and the streets are slick, skies are cloudy, wind is fairly l ight, and we are mostly getting gus under 10 miles per hour and looking toward the golden gate, we've got a sheen of moisture. mostly in the upper 50s and low 60s. a fairly overcast and slightly wet and somewhat sloppy saturday. we will update this to show you not much is changed. - - not much has changed. showers will continue to ease up as the night goes on but the high surf advisory with rip tides possible around 20 feet and the largest waves are coming in tomorrow, so be careful if you're going out to the shoreline and here is what is happening, low pressure in the pacific moves closer to the shoreline and packs a wall of - - that will pack a wallop tomorrow. moving toward midday, you can see it by noon in the north bay and 6:00 tomorrow night with widely scattered rain and heavy snow - - m

actually, adjusting to a lower level of growth -- tom: is currency the only way to adjust? is one but their overseas investment will be another. i think we will see less of that for a while. we're adjusting to that changed role of the chinese economy or changed growth rate emperor for a lot of economies around china that will be affected. that is one thing we're adjusting to. coming back to deleveraging, that is something we are still suffering and a third one is the change in the financial sector. banks have to be more strongly capitalized and are more constrained in the bets they can take. chairmanat was the rbs sir howard davies. as we have been talking about, the euro stocks index is now in a bear market. we look like we are following your lead the mark: china started it earlier the shanghai composition win into a bear market from the highs in december. the stoxx 600 is falling into a bear market from the highs in april last year. that was a record last year and we came down through the year and today it's down by 20% from that level. at what happened today, it was wors

>> they hired ray altieri, a public insurance adjuster. that's someone who works on behalf of the policy holder in appraising and negotiating the insurance settlement. >> we've lost the entire second level above the kitchen. what we had upstairs were rooms that included lou's nest, as it was called, where he could be alone and just relax. we also lost a large family/game-room area up there that was actually collapsed into the kitchen. we get hired to work the insurance claim from the perspective of the policyholder. therefore, we become their advocate in the process and work with the insurance companies, adjusters, and representatives to fine-tune the exact amount of damages and work towards an amicable resolution for settlement. >> sadly, coach holtz is not alone. there are about 370,000 house fires every year in the united states, which causes $7 billion in damage. many of those are due to lightning strikes. and in florida, well, they're a huge problem. the state has 1.2 million lightning strikes every year. that's 200,000 more than any

to combat this it's cutting a billion dollars in costs by 2017 and adjusting its earnings outlook.mex forecasting profits this year that bracket analysts' estimates but include what it says will be a substantial gain from the sale of its costco co-branded loan portfolio. its forecast for 2017 earnings of 5.50 a share, 49 cents shy of wall street's forecast. for "nightly business report" i'm mary thompson. >>> and now to boeing. the company says it will take a charge in the fourth quarter and it will scale back production of its 747 plane. boeing says weak air freight demand drove that decision but the plane maker stressed it does not see weakness in air passenger travel. that pressured shares initially in after-hours trading. >>> and now to today's rally and the reprieve, i should say, from the rout. what carried equities higher was the same thing that's been bringing them lower. oil prices. they posted their biggest percentage gain in months. add to the mix comments from a very powerful central banker and you have a recipe for rising stocks. the dow jones industrial average gained

so we see massive adjustments in world, i do not think growth is lower, but what we see is adjustments may be bumpy or difficult. i think this is what we see today. >> but we have not met for a long time. these are very slow adjustments that are taking place. do you think that investors may have just overlooked it? >> yes. we understand where comes from. we understand quite well where we go to, even if they are -- there are some i know parameters. markets react when they make decisions. each of us, we have to make decisions on the spot and sometimes there is an overreaction. see a big, massive change, we see simply the implementation of what we have fact is going to happen. >> a lot of the concern is surrounding china's reforms agenda. i guess a lot of people are doubting that beijing is in total control of the situation. do you believe that they are in control? >> i think they are. i'm very confident. i think we understand quite well where comes from, from an economy driven by exports. to a new paradigm. to a new normal. it takes time and it is difficult. but i welcome this. because w

. >> the world is to adjust to a slower china. as crude hits fresh 12 year lows, will we see wti it below $20 for the first time since 2003? ♪ manus: welcome to countdown. it has just gone 6:00 in the morning. the chinese stock market a little less volatile today as a result of some of the government actions. they seem as if they are wanting to take on the speculators in the offshore market. that means the cost of borrowing surged hong kong, that to another record. it seems the intervention by the liquidityaining yuan in the offshore markets. murderous ins terms of stamping out the speculation. the whole point about this is trying to bring the offshore yuan and the onshore yuan. this is the start of the day, offshore yuan and onshore yuan are coming together. the first time they have been at the same level since october of last year. let's take a look at your morning market check. where is the money flowing? it is flowing into the yen. by 2.8%e yen increased versus the dollar last week. 7.53.t around 11 today, a little bit stronge

here is the adjusted snowfall map. given the farther south and east storm map, i adjusted the bands to the south. so, you got a little to no snow north and west of i-287. in the lower hudson valley, inch totals. and coastal connecticut. part of the 6-inch band up to the gwb, north shore of long island. 6 inches in the five boroughs. 6 to 12-inch totals across central new jersey and the opportunity for a foot of snow really to the philly area and d.c. that's the amounts as of now. chilly breeze overnight, 22. tomorrow a high of 34. sunshine fades. tomorrow night snow will develop from south to north and mainly to daybreak. even late night travel over parts of monmouth and ocean could get dicey. saturday map, snow and wind. is this a miss for the northern suburbs? we will continue to watch the edge of that major snowfall to see if it gets into new york city. still around 36 hours for the first flakes. that's the adjustments bev right now -- we have right now. i think it will be a major snowstorm wind and coastal flood ma

>> yes, they all are vereraware of what the cuban adjustment act. is and the possibility that they may go, it may go away. they hear about what the politics are saying. they know who senator marco rubio is. they know who the players are. and what's happening here in south florida. remember, these folks are now in tune to cell phones. they know how to go on facebook. they have access to wi fi in cuba so they know what's happening. >> it was just this week that senator marco rubio said it's time to re-examine the cuban adjustment act. even a couple of years ago, that would have been unthinkable. brian you were in a kind of target rich environment. who are, when you were in costa rica, you know, doing the best they could under some pretty dismall conditions. as good as the costa ricans, they were very generous, weren't they sth. >> they absolutely were. >> well, let's talk abt the cubans in costa rica. some people don't want their pictures taken. it didn't look like you got much resistance from. >> oh, no, everyone who came through the asylum came out

it's part of the cuban adjustment act. after being in aerica one year and a day, refugees would receive legal status, get on a pathway to citizenship and also be eligible for government assistance like food stamps and medicaid. those benefits are not afforded to refugees from any other country. >> i for one personally would wanto see those doors opened more comprehensively for everyone. >> reporter: legislation filed in congress looks to reform the cuban adjustment act because many are taking advantage, enjoying government benefits like medicare and social security and traveling back and forth to cuba, south florida congressman. the cuban adjustment act in 1966 still remain. but the abuse, the taxpayer abuse is unacceptable. >> reporter: steve litz, nbc 6 news. >>> ouroverage of the migrant crisis continues on the nbc 6 news app. >>> governor ric scott used one word to comment on the state of the state, growing. >> we must keep doing what's worked the last five years, help floridians get a job and live their dreams and kee

you can both adjust the bed for the best sleep of your life. save $1100 on the i8 mattress with purchase of sleepiq technology and flexfit3 adjustable base. ends monday. >>> bay area congressman eric swawell teamed up with local fire and police departments to give residents the right tools in case of a disaster. we were at the san lorenzo library, one of three emergency preparedness workshops held tonight. first responders taught resident ohio to prepare for and respond to natural and manmade emergencies. >> there are things they can do right now to plan ahead as far as having an exit plan in their home if disaster were to strike. where they can go if flooding were to occur, what they should prepare for in case an earthquake happens to be ready to get out of the house and still have food, water, and a way to contact people. >> the other workshops were held in dublin and union city. >>> a chorus of cheers as the falcon nine spaceship landed safely back on earth. tomorrow spacex will be trying to land a new rocket off a barge off the california c