chiefvance management equity investment director eddie perkin joining us. coming up next, we will look at the numbers and legitimacy of some of the covid-19 data out there. this is bloomberg. ♪ romaine: broadcasting live from new york to our viewers worldwide, this is "what'd you miss? " into how theapshot outbreak is possibly stabilizing and even improving. speaking of earnings season, there is a reality check on the profit outlooks at the biggest u.s. banks today. j.p. morgan chase posted their highest low loss provisions in a toade, setting aside money cover defaults across the economy. the wells fargo senior executive vice president to get some insight. provisions taking center stage here. investors looking past first quarter revenues and earnings numbers. clearly, a lot of things have changed since then. what you can show us is the amount of damage the banks could see in the months to come. wells set aside $4 billion. give us some insight into how you came to that number. there is a new accounting rule that requires banks to set aside money earlier in