is jp morgan still lebron, or is it kobe? past its prime. >> still a star. trajectory going down. at's going on? >> somewhere p morgan is still the lebron james of banking. >> there will be headlines and hooplah. jp morgan did the equivalent of selling assets equal to the tenth largest bank and still generated almost flat revenue. that's great defense. they're still the lebron james of banking, and all the hooplah that's going in the market. there are concerns outside of banks. they have shown they are resilient and can be a pillar of strength. this is the opposite of 2006. then you had, you know, strong earnings, weak balance sheets. right now you have soft earnings, but strong balance sheets, and i think we're on the cusp of breaking out in the next year or so where you say, hey, this is a new era. >> well, dimon is the one who sort of coined fortress balance sheet. right? during the time of the crisis. let me ask you this, though. loan loss reserve up for the first time in six years. what's up with that? >> keep the perspective here. from the banking industry and from jp morgan,

jp morgan seeing a nice gain. kayla will bring down these numbers, and the earnings parade continues tonight. intel after the bell. we're going to tell you what to watch out for when we come back in a moment. we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number, and the lowest prices of the season. sleepiq technology tells you how well you slept and what adjustments you can make. you 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. zoout up 7 p, and then it was down 77. we did start in the green. albeit slightly. we turned back around partly due to the rise and reversal in oil. let's bring in art cashin to walk us through what we should be watching. art, over the past few days, it seems like maybe we shouldn't come in until 10:30. that's when the real action starts. >> y

jp morgan about $44 billion alone.t is high grade debt but they're having to set aside more money in case of potential loan losses. jp morgan has said if crude stays at $30 barrel for 18 months they'll have to put away three quarters of a billion dollars in case of potential loan losses so that's no small feet. second higher interest rates mean banks will earn more on loans but there's a worry that credit quality phas peaked. the number defaulting on their loans is near an all time low. experts say it's too good to be true. it can only go up from here and this is happening just as debt gets more expensive. so potentially some of the loans could go bad. in the past volatile energy, rate markets, that would have spurred more trading activity but jp morgan's cfo said that a slump in trading activity that tends to be seasonal but, in fact, actually played the last several quarters for the bank that's going to continue in the fourth. of course we will get the earnings in about 45 minutes time. always some very indicative co

scarlet: here is the thing about jp morgan.s on the capital markets, commodities and equity trading. yet the consumer unit accounts for the biggest share of profits. and it is often overlooked. commercial and industrial loans are rising by the legitimacy largest, but that often gets overlooked. what are the good parts of j.p. morgan's results that people are not appreciating? guest: if jamie dimon for here, he would say there's a fire revenue streams. -- diversify revenue streams. you can figure out how the results are going to be in any given quarter. trading is a black box. we learn more about it when they report results. scarlet: in terms of legal overhangs, is there anything we need to watch out for in jp morgan? guest: they can surprise you and suddenly have a $1 billion legal charge. i don't know if there is anything specific on the horizon. it would be worrying if it went back up to $1 billion. alix: thank you so much. a very busy man for the next few days. coming up, what you need to know to gear up for tomorrow's tradi

the managing director and vice chairman of asia pacific at jp morgan chase and she joins us from hong kong. good to see you. the reading not as bad as what it could have been. i mean, it wasn't a print of 6.5%. it could have been a lot worse well it was very much in line with market expectations. four year gdp 6.9% but reading beyond the headlines we find remarkable divergence between the service industry and the manufacturing sector so it's a tale of two industries. the service industry was at much faster pace accounting for now over 50% of gdp when the manufacturing sector experienced a lot of challenges now accounting for only 40% of gdp so i think you'll continue to see the service industry driving growth. the most important question to

look at jp morgan and citi group. and like to suggest there isn't contagion out there is just -- >> there is a borderline on conspiracy theory because the banks aren't talking about exposure to the energy sector. >> i think dan makes good points. look at blackstone chart overlayed with a crude chart. and we questioned what was the problem with backstone six to mine months ago and we brought up -- i don't know that, but clearly something is going on, energy exposure could be part of it. >> what do you say? >> first of all, i don't agree with you. the goldman sachs and jp morgan, they have market exposure. when the market is down, when underwriting is down, that causes them to go down. i think there is more risk in credit and energy not on balance sheets and in high yield market and hedge funds. so i don't think we'll look at the same kind of event we saw in 2008. i think you hang with the good balance sheet. who knows where the bottom is. >> that is a good investing strategy to hang with good balance sheets. not an in

jp morgan chase announces upgrading its entire fleet to include new perks. among them, the option to withdraw money using your smart phone. customers will be able to withdraw cash from a chase atm using a one time pin number that will be sent to their smart phone. the customers will be able to withdraw cash by tapping their phones using the same technology >> americans united announce they will allow travelers concern about the virus to cancel or postpone their trips to affected areas by the mosquito born virus. it will include all areas mentioned in the cdc alert offering the option to rebook or receive a full refund. american policy coverage to four cities in central america. america will allow customers to receive a refund if they provide a doctor's note saying they are unable to travel to those cities because they are pregnant. following oprah win free tweet proclaiming she lost 26 points while eating bread every day on the weight watcher's program, the company stock skyrocketed more than 20%. it eventually closed at $130.29 a share. good news for oprah

i've been looking at jp morgan, buying a little bit of that. think the banks are kind of interesting because they got hammered. i want to hear what the companies say on earnings. until oil prices stabilize, it's going to be volatile, for sure. >> rbs also has a note piggybacking off the jp morgan one saying risks are high. they're sticking to the 20% equity down side move. they think ewe going to get even more. >> it's so negative. >> they say sell almost anything. >> the comparison to 2008, everybody is sell now. clear the whole system. if you go back to 2008, fundamental differences that we had no banking system potentially. today you're looking at the energy and the commodity sector. yes, there are companies that are levered, that are probably never going to get to refinance. within that -- steph just mentioned alcoa. alcoa has -- >> are we underestimating the potential ripple effects of real pain and damage in the energy patch because we are convincing ourselves, well, it's not the biggest part of the economy, it's not like the banks in 200

we will hear from jp morgan up first of the major wall street banks. for now, back to you. >> all right. we want to bring you breaking news relating to the italian bank. shares in the company rising more than 4% after the eu commission is saying they're ready to discuss new bad bank projects with italy. let's get back to the u.s. bank earnings picture. joining us live from tampa is the vice president of equity research financial sector analyst. thank you for getting up early for us. how bad is the earnings season going to be for u.s. banks for the fourth quarter? >> actually it's not going to be that bad at all. i think that if you separate the 6 biggest banks in the country from the other 6,000 banks you'll find that the biggest banks have a different product mix. in other words they do more capital markets activity like trading, investment banking, asset management. all three of those businesses are going to look pretty bad when we see the fourth quarter results plus there's going to be special charges bank of america is going to have a huge amount o

we've had jp morgan saying sell rally. stock gen, albert edwards, issued a extremely bearish forecast, excuse me. are you getting concerned it is maybe becoming consensus. >> at some point when things trade it is consensus. it will be. that is fine. it doesn't mean we'll get a bounce. the eem is down 30% from the high in april of last year. we'll get a bounce in that stuff. but the markets, u.s. and europe and japan will play catch-up to the down side. >> and you are waiting to put the shorts on. what are you waiting for? >> what happened in january, everybody has a fresh pin and puts all of the trades on and everybody gets washed out in february and that is the time to re-set the positions properly and then trend longer. so it is kind of waiting for a bounce. >> so i'll ask you a question that people have been asking me. what change -- what changes economically? is it china qe or fed coming back with qe that would change your mind on the bear thesis? what is the good news out there? >> the fed has a long way to go from a

managing director and vice chairman of asia pacific for jp morgan chase. thank you. >> in corporate news, shares are experiencing the biggest one day rise since november with rumors swirling of a possible bid from amazon. this as the e-commerce giant is looking to expand it's online grocery delivery service outside of the united states. david grey is a retail analyst and joins us on the phone. thanks for being with us. would it make sense if amazon were to take over? >> i think it would. we have seen amazon expanding it's pantry service into the u.k. so that's their online grocery service and buying it or tying up would really allow amazon to get it's handle or expand into the very competitive online grocery business within the u.k. and in terms of amazon's further range, obviously they have been expanding into non-foods from a grocer base and amazon is looking to expand into food. so it's quite a good fit there if they can come to some sort of an agreement. >> people might be watching and might be thinking look we can understand why they would take the mo

jp morgan, $13 million. wow, this is a very profitable company but you have to wonder if the fines are excessive. i'm not con toning what they did in the run up to the credit crisis. citi group 7 billion. morgan stanley got away and bank of america $17 billion. that's really topping the list and it seems as though investors have become immune to these fines because now we didn't really see a big sell off in the shares. it all seems to be in the price and they all seem to discount a very, very harsh regulator and hopefully this is it. >> i wonder if in 10, 15, 20 years from now we'll be looking back and saying i can't believe we were packaging xyz products now and thinking that they were safe. >> it's true. >> whether it just rumbles on. >> anyway. >> okay. let's move on to the next story we want to tell you about. china agreed a deal to buy ge's appliance business for $5.4 billion. jeff was pleased and confident that they'll help grow the business. the two companies announced a long-term strategic partnershi

dow come poponent jp morgan to report. intel is out after the close. >> now back to this morning's developing story deadly blasts near a popular shopping mall. martin is covering the story from singapore. good day. >> good morning, joe and beck and mike as well. you know the basic facts of the explosio explosions. the raging gun battle but let me get to the later here. we have reuters as well as the dow jones now, two sources reporting that indonesian police say the attackers have links to is, meaning is was behind these attacks. this is only going to increase worries about the threat posed by jihadist. 200 million population. and mostly tolerant and also pleuralist but also asia's number one exporter of jihadists to the middle east and that's 300 as we speak in the middle east they have gone there to fight with, along side, or for is and the worry for months is they could come back and battle hard and train and recruit and train more people at home and potentially carry out more terror attacks like the ones we saw earlier

we have a sector rotation, etf with jp morgan. we are 20% in cash. there's going to be more opportunities. we like technology. certain sectors are very affected. >> jamie dimon said he doesn't see a recession on the horizon. >> they shouldn't be lowering interest rates. the fed should always be mindful of their number one mission, price stability. probability of a u.s. recession is less than 20%. profits will probably be up 4% to 5%. cash flow is better than earnings. >> you've got to take off. >> i'll see you top of the hour, gentlemen. thank you. >> let me just show you how we've traded today. bob pisani is here joining us. just a quick recap with about three and a half minutes left in the trading session today. the dow from the get-go this morning, unlike recent markets where we saw a rally that failed on the open in the morning. the dow down on the open. at the low of the day, 566 points. and then they just started that comeback around 1:00 eastern time today. it took us back. if we have a six-month charlottcharlottt, it took us back to lows in a

. >>> jp morgan chase is rolling out new eatms's. the new generation machines will roll out 10s, 20th, 50s and 100s dollar bills. >>> and to make it work with periscope, first links to an iphone through wifi. people to select the go live. membership. if not -- not your neighbor probably does. that's because almost 60% of households have a membership. it reduces your shipping cost so when you go out to buy that stroller for that new baby you have coming around. >> that's a bit spendy for me. >> that is astronomical. >>> and how officials want to honor the remains found at a boys school. >> and if you've been preparing for the gasparilla you may have

why is jp morgan, goldman sachs, and home depot the worst performers?some of the tech names are the worst. a lot of people are saying i'm going to re-adjust my portfolio and try to get ahead of this instead of chasing returns. i think that's why. if you can sell into this and buy it back at a lower price, you're going to want to do that for the returns later. >> do you smell any fear and panic out here? what do you think happens? >> certainly not fear and panic, but i think we're going to see another leg lower. today we'll probably see a selloff. it's not fear and panic, but the selling is different. i think they're pressing it as the market goes lower. >> we'll let you get right back to it. thanks for joining us. appreciate it. >> let's talk about this market. morgan stanley has downgraded the technology sector to under weight from market weight. it also cut its exposure to apple in half. let's talk about that. we're joined in a cnbc exclusive by adam parker, morgan stanley's chief u.s. equities strategist. good to see you again. welcome back. >> hey,

. >>> mega bank jp morgan is rolling out the next generation of ttm's-- atm's that don't require a debt or credit card, they are e-atm's and use a smart phone app to make deposit s and with drawls, they triple the limit from $1,000 to $3,000. users can get 1, 5, 20 bills and plans a wider roll out this year. >>> the man known as the king of comic books will be here this summer, we hope, stanley is scheduled to attend comic con, the co-creator for iron man, spider man, and x-men. this runs june 17th to the 19th, have a panel june 18th, lee was booked for denver comic-con in 2013 but had to back out for other obligations. >> a stan lee. he said he gets no money for all the characters he created because they are owned by marvel. they wrote him a check, but he is happy. >> i hope he is happy. everybody loves him. >> funny guy. >>> the broncos jerseys gets a little extra bling ahead of the super bowl. >>> cold and snowing, seeing >>> hello, welcome back, meteorologist kathy sabine outside in the calm, cool, and dry 9 backyard. a big beautiful moon just passed full and some great pictures com

. >>> jp morgan chase giving its investment bankers an unusual mandate. take the weekend off.irm launching the new effort today to encourage them to relax and enjoy life as long as there isn't a live deal in the works, of course. the initiative has been dubbed pencils down. we'll see. that's the cnbc news update this hour. back to "squawk alley." down to you guys. >> all right. thanks. i wonder if you are not busy enough then you take the weekend off. maybe you end up taking the whole year off. that would be my fear. the market is in positive territory at this hour. all seem significant declines. joining us now columbia thread needle investments global chief investment officer -- does this feel healthy to you or does this feel like something to be concerned about. >> i think we're getting there. what we've been concerned about. the way i view it is think of a release valve on any system that's under pressure. occasionally you do have to have that spillage to allow the system to become more stable again. obviously we're going through that, and it's painful to go through that. i

at, for example, a list of the biggest mortgage lenders in the country it's not bank of america, jp morgan chase. it is companies we have never heard of. americans would be left at risk and that's who i care about here. >> ben stein. >> i'm fascinated by the idea that the banks are different from us. we are the banks. we as americans own stock in the banks. we as americans are customers of the banks. we are borrows from the banks. i don't see why we dislike the banks. what have the banks done wrong lately? are you snickering? what have the banks done wrong lately? it doesn't help anyone if theyle fail. if weal bail them out we made a tremendous mistake not bailing out lehman brothers. the idea of not bailing out a big bank when that could lead to another recession is just mind boggling. i don't understand. the banks are not an alien entity. the banks are us. if they make mistakes, commit criminal acts bring the people before the grand jury. don't neglect to bail them out. >> when you say humble opinion from palm springs it's a weird oxymoron. >> it sets audiotape an expectation. if the ban

. >> tammy: if you don't have your debate card, jp morgan chase says you can still make a withdrawal with your smartphone. it says one of the perks to the new machines is a function that allows customers to take their money out of their account by tapping theiei phones to the atm. the technology used is the same one that allows apple pay and other payment apps to work. the bank says it does not replace the debit card but allows customers to use the machines even if they do not have their card with them. >> frank: soon they'll be doing my job. jason's too. >> jason: we can zoom in on the phone. i'm on screen, you can just do it from my house. >> tammy: with your feet propped >> jason: i like it. 45 degrees for the high temperature today. a few degrees shy of the normal, 48. but a mild start. it was 34. seven above average. we're going to get a little more rain in the seven day forecaca. it's briefly colder before i' >>> now your news 13 skywatch weather. >> jason: we look at the jet streams this time of year to see the storm patterns and how they're going to shape up. this is shifting

. >> the academies were made possible through a $220,000 grant by jp morgan chase. >> some of the jobs pay 20-$30 per hour and will be available over the next five years. >> coming up, will omar face charges for the incident that left him fighting for his life. >> the crime is bringing back memories of the amanda knox case. >>> the results of a new study in a news consumer alert. >>> did you hear the playboy mansion is on the market if you're interested. what it's being sold for and what the new owner must agree take on. that's later on. >>> in weather control, cloudy start to the day. check out the time lapse and then the sun came out and the clouds are moving in. they're going to bring some showers, i have your forecast coming up. >>> in the news room, all new at 6:00. a prominent muslim american will be at the state of union address. i'll have his story coming up. >>> a man recovering here at the rider trauma center and two young lives were cut short during a night of violence in miami. community leaders are demanding >>> the mysterious death of a woman found in flora. she was origi

found a name the "chase center" the team has reached a naming rights agreement with banking giant jp morgan blocks south of at&t park won't open for another three years in time for the 2019-20 basketball season the opening was delayed a year as the warriors sort out two lawsuits filed by the mission bay alliance who oppose an anera in the area due to its proximity to ucsf medical center the privately-financed arena is estimated to cost $1-billion- dollars and now of like to finish my thought if we could go back to section 74 be on the script >> pam :sorry >> gary :i have done this 11:00 for the past 10 years and i have met each and every one of our viewers tomorrow it is going to be drama on the korean and clay thompson announced as the--draymond green and klay thompson as the reserves for the all-starts cuonzo martin 2nd half jaylen brown the freshman knocks down the jumper 40-35 cal but the utes go on a 19-2 run jacob poeltl throws down the dunk 47-40 utah final: 73-64 utah cal: 14-7 johnny dawkins. an up and down season so far roscoe allen. tried to keep stan ford in it with a game-high

the warriors confirmed that the jp morgan chase bought the naming rights.e not revealing how much. insiders speculate that they are worth more than $10 million a year. they agreed to get their name on the brooklyn nets. levi agreed to pay $11 million to put its name on the home of the 49ers. in 1996 pacific bell agreed to pay $2 million a year to put its name on what is now at&t park. home of course of the san francisco giants. >>> president obama is weighing in on the hot topic in hollywood. he told our sister station how he felt about the uh sh -- about the academy nominating only white artists. >> the industry should do what every other industry does. look for talent and provide opportunity to everybody. i think the oscar debate is an expression of the issue are we making sure everybody is getting a fair shot. >> president obama thinks california is an example of the incredible diversity. [no audio]. to enjoy this beautiful weather just be careful. high surf advisory thursday at 4:00 p.m. until friday and current wave heights 7 to 9 feet. certainly a pos

live at the jp morgan health care conference in san francisco.d by the ceo of bristol-myers squib. so you guys are big in oncology, the harvesting of the immune system to fight cancer. where do we stand in the progress in that space and what your drugs have shown and what more we're going to be able to do in this area? >> this is a really exciting time for us. we're the pioneers in immune oncology. we're in an exciting period of growth. we will a great 2015 with unprecedented success. our product was approved about it fda in five indications in 2015. and overall, we're approved in 40 different markets. we were able to show a survival advantage across three times and i'm really pleased to see that adoption in the market has been very rapid. >> we're talking little bit about the sentiment here at the conference. inve investors feeling nervous. the stock really getting hit, especially hard yesterday. you have a unique growth stories and they weren't asking but macro issues. can you talk about what is going on in the sector and how that affects you?

. >> we heard jamie dimon dodge a question or decline to comment when andrew sorkin asked would jp morgan underwrite the ceo of iran co. if that company goes public, if we faebl get iran back on-line and those 50 million barrels get shipped, would that put a floor in oil? would that be enough? >> i think you would get a last final gasp on the down side and then you would tell very readily by what happens here with the fracturer spz what goes on. you start to see people going bankrupt in some of the high yield bonds. i think you need that kind of surge, if you would. >> how much do earnings matter this season given everything else going on? i don't mean in the short run. i mean out a few weeks, even a few months. if investors are willing to stomach the negative sentiment here, should they be watching earnings and placing bets based on those? >> well, they should be watching earnings and watching the outlooks in particular. you know, how do people see the upcoming next quarter and where does that fit? i think right now earnings are not second class, but actually third class to the emotion t

united, delta, even the returning to some of the quality banks like a wells fargo or jp morgan, thosere reporting good things. people are rewarding it. >> it's barely holding on to a 100 point gain, doc. why can't we sustain any sort of bounce? >> in tremendously oversold conditions. >> well, we know we're well over supplied in crude oil. >> this isn't something they can put off. they don't have the dollars coming in from the sale of crude oil. you would have to start selling. >> that's a good sign like mr. fink said last week, and i acknowledged that he is a very smart investor. he is not saying the odds are that we go down another 10% from friday. he said there's a chance, which is a different scenario than, say, odds are we're going to be down another 10%. i think -- >> he said there's not enough blood yet. >> i agree with him. >> and i still do. >> probably another 10%. >> he thinks we need more blood in the streets. >> are you buying stocks, though, today? >> yes. i bought delta, johnson & johnson, micron. i bought stat oil and marathon. mro. >> marathon. >> i bought those becaus

we are at the jp morgan health care conference in san francisco. take it away.. >> thank you, melissa. and ken frazier, thank you for joining us. >> thanks. always good to be here. >> and we were talking about getting investors on board with high-risk, long time horizon and investing in the fruit for medicine and how are investors reacting to that in this environment right now? >> in our experience, our long-term investors understand what we're about. we understand that we're committed to doing science that makes a difference in the world. they understand the lead time. so i think we've been able to communicate with what they could ready illy expect. we've had successes like keytruda that rewarded them. >> and there was an fda decision in hepatitis c expecting to enter the market where gilead and others are treating a lot of patients. how do you view the landscape there. >> we're excited to have an opportunity to come in with competition where there is significant unmet need and looking forward to bringing this product. it is an area where merck has a lot of his

two very senioreople just left jp morgan last friday. the big u.s.ond traders that ran that group. >> the average bonus i saw was like 175,000. a lot of money to most people across the country. >> the numbers are not what they used to be. >> but in new york -- what's the base pay? like 70, 80, 100 -- >> no, 150, 200,000 dollars and then plus. >> new york not looking at the same schools that andrew ross sorkin is looking at. >> thank you very much. >> not knocking out walls of the apartment. not building like steps up to the third floor. >> we have to go to a commercial break. coming up, forbes calling it one of the top 50 -- it's a cool concept. it's about developing your own trading algorithm. this is for you joe. you're like a professional coder. you can back test historical data. and then connect it to your account for live trading. the founders are going to join us in just a moment. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them sa

the pay hike came as a team of jp morgan economists issued a report warning the u.s.conomy is increasingly vulnerable, estimating there's a 75% chance of new recession within the next three years. a federal appeals panel has rejected an effort by 27 states and coal companies to block president obama's new e.p.a. regulations on emissions from coal-fired power plants, while a lawsuit makes its way through the courts. 27 states have sued the federal government over the plan which requires states to cut greenhouse gas pollution from the plans. thursday the appeals panel ruled states must begin to implement the regulations at least until the court of appeals for the district of columbia circuit hears the case in june. in california, officials have doubled the impact zone of the uncontrollable methane gas leak in the porter ranch neighborhood of los angeles. it's being called the nation's biggest environmental disaster since the b.p. oil spill. methane gas is a powerful greenhouse gas that accelerates climate change. the california govenor jerry brown did not mention the le

joining us now is the global market strategist at jp morgan asset management. another down day after we seem to stabilize yesterday. clearly the year has started on a very sober note. do you now believe that investors have a bit of a better gauge orbit of a better idea the latest prints from around the world. also still well above 50 so at the moment i can't see a cause for concern in a big part of u.s. gdp. >> we'll leave it here. thank you so much. global market strategist at jp morgan asset management. >> worldwide exchange is up next. the flu virus hits big. with aches, chills, and fever, there's no such thing as a little flu. and it needs a big solution: an antiviral. so when the flu hits, call your doctor right away and up the ante with antiviral tamiflu. prescription tamiflu is an antiviral that attacks the flu virus at its source and helps stop it from spreading in the body. tamiflu is fda approved to treat the flu in people two weeks of age and older whose flu symptoms started within the last two days. before taking tamiflu, tell your doctor if you're

you had a very solid quarter from jp morgan. even it didn't stay in positive territory for all of yesterday. then citigroup, which should have been treated like a big win, most profitable year for the bank in nearly a decade, down 5% today. >> yeah, the tide is going out, and it's taking all the boats with it. that's more than a little problem. we'll have to watch the balance of the day as i say. this is quite disappointing that they haven't circled the wagons here. >> people will be sitting at home licking their lips for the opportunity here to pick -- i mean, the question is for how long -- inevitably, how long does this last? how much further do we go down is this do you have a sense of that? larry fink is talking about 10%. other people have called for greater losses hand that within the last hour. >> i would lean with larry. 10% to 12%. yeah. >> so your correction would be 20% since the start of the year? >> a little bit more. maybe 21%. >> don't you normally go into a bear market over that bear market only suffer 30% to 35

. >>> jp morgan chase is working on a cash machine that lets you withdraw money using your smartphone. customers can cash checks, pay chase credit card bills, even their mortgage at the atm. walter? >> i like that idea jill. >>> so you know the iphone is super popular and everyone is trying to get involved in trying to make money and so is microsoft apparently right? >> that's right. microsoft is reportedly working on a keyboard for iphones and it has cool features like a fanned shaped keyboard. that is for people who want to and it also stays true to other windows key boards, has the suggestions. available. next report. see you then. >> you do that swipe to type right? >> yeah you slide your finger. >> i like that fan keyboard. my finger doesn't reach all the way. i need to try that out. >>> cbs4 this morning at 6:00 starts right now. >>> next at 6:00. a 6-car pile up leaves a miami dade police officer hurt. the driver who caused the wreck is talking with cbs4 news. >>> a feud with fox news. donald trump is refusing to take part in tomorrow's debate in iowa accusing host megyn kelly

the warriors confirmed that the jp morgan chase bought the naming rights.vealing how much. insiders speculate that they are worth more than $10 million a year. they agreed to get their name on the brooklyn nets. levi agreed to pay $11 million to put its name on the home of the 49ers. in 1996 pacific bell agreed to pay $2 million a year to put its name on what is now at&t park. home of course of the san francisco giants. >>> president obama is weighing in on the hot topic in hollywood. he told our sister station how he felt about the uh sh -- about the academy nominating only white artists. >> the industry should do what every other industry does. look for talent and provide opportunity to everybody. i think the oscar debate is an expression of the issue are we making sure everybody is getting a fair shot. >> president obama thinks california is an example of the incredible diversity. [no audio]. weather just be careful. high surf advisory thursday at 4:00 p.m. until friday and current wave heights 7 to 9 feet. certainly a possibility of rip currents and sne

. >>> if you don't have your credit card, jp morgan chase says you can use your phone. they are updating all their atms . one new function allows them to take money out by tapping their phone to the atm. the same technology used as apple pay. >>> if you are planning on donning the beads and heading great. 11:30 a.m. t invasion going on. partly cloudy skies. a little cool to start the day. that's not that unusual this time of the year. we are not expecting rain. 62 degrees 2:00 p.m. nice. showers continue to roll in off the gulf of mexico. everything moving so quickly as it has all winter. pinellas, hillsborough relatively quiet. western sections of manatee, sarasota. on and off showers are possible overnight and throughout the day for tomorrow. about a 50% chance overall favoring southern areas. bradenton, sarasota. downpours here. estimates from doppler radar, northern spots not as much. citrus, hernando. maybe up to two inches of rain. one inch was fairly common. highlands county there today. great shot. this is from yesterday. not too many weather photos rolling in o

the financial terms of the 20- year naming deal with jp morgan chase still have not been disclosed but a similar naming deal in new york recently cost about $200 million. >> yeah. >>> the warriors have three all- stars for the first time in 40 years. draymond green and klay thompson were chosen yesterday. it's green's first trip to the all-star. certainly well deserved. both join starting guard steph curry starting for the all stars. last time they had three was in 1976. >>> details about the engine tour in california has been released. second time the race will run from south to north. it will start in good old san diego and wind up in sacramento covering 800 miles in eight stages. that's a lot of riding. >> yeah. >> the event takes may 15th through the 22nd. the women's events begins may 19th in south palo alto and run parallel to the second half of the men's race through sacramento. >> really cool to go out and watch that. most of us, we'll never get to watch the tour de france. you get to go out and watch some world class cyclists. >> these are amazing athletes. >> and the strategi

jp morgan chase is working on a machine to let you withdraw money without a debit card and you will use your smart phone. they will let customers cash checks and pay chase credit card bills and even your mortgage. thanks for being here with us this noon. a sweet surprise. >> what two parents found when they turned on the baby monitor. there may come a day when i can't care for my daughter. in fact, we may both need help: with transportation, in-home care, preparing meals. where can i turn? woman: we're massoptions, a free resource for elders, caregivers, and individuals with disabilities of all ages. we link you to the services you need to live independently in the setting of your choice. call 1-844-422-6277 or visit massoptions.org. hmm hmm hmm-hmm-hmm-hmm hmm hmm hmm hmm hmm-hmm [ cheering ] i've got some real estate here in my bag counting the cars on the new jersey turnpike they've all come to look for america [ cheers and applause ] all come to look for america all come to look for america all come to look for america i'm bernie sanders, >>> break news right now at noon. skyeye is

listen to this.sten to thisten to jp morgan chase, bank of america t and wells fargo earned more than six billion dollars last year on atm and overdraft fees. more than five billion of that came from overdraft fees, alone. hillary clinton and bernie sanders have both talked about capping atm fees, if elected. cell phone overages are also atl ph a record high.o a new survey found one in five cell phone customers reportedne custome repor paying an average in the pastying six months. an a at&t customers paid the most 28 percent reported an overage charge..perc charperc that's compared to 20 percent of verizon customers, 12 percent of t-mobile customers and five percent of sprint customers. hours on one day. on february 8th, nearly 2,00000y for a w chipotle locations will close so employees can attend a company employees can attend a company wide meeting that focuses on improving food safety. since chipotle was tied topl series of disease outbreaks,s s on norovirus.y since ch diseasoutbreaksnce ch deas the centers for disease controloutbers for di says 53 people have been sickened in mult

for the nation's three largest banks -- jp morgan chase, bank of america and wells fargo. that's according to an analysis by cnn money. that equates to $25 for every adult in the u.s. the fees have become a presidential issue. hillary clinton calls them excessive and bernie sanders as i mentioned vows if he is elected president he'll cap the atm fees at $2. consumers now pay over $4 on average to withdraw their own money from an out of network atm. and so many people know this all too well that when you are with drawing money it is a huge benefit to find one of your bank so you don't have to pay those fees. >> kim: all right. i don't know if you have seen yth. an i am telling you, her reaction is priceless. there's this grandmother. and her grand kids are like grandma you got to try out these virtual glasses. you are getting a little taste. "news 3 live at no would become part of the older generation but it's happened. because i used to own a pager. and a lot of people watching can't even relate to that. that's the truth. >> kim: 1986 called. they want their pager back. i

jp morgan chase is upgrading all of the machines that will allow you to take out money with your smartphone. you won't have to insert your debit card, this will eliminate you geeing hacked by a skimming -- getting hacked by a skimming device and you won't have to enter your pin which thieves can steal from you. >> denise: yesterday we told you about the wilson football factory that makes the today those footballs are in santa clara for the big gem. big game. each team will get 120 and the rest will head to the nfl fan experience. the factory has made the gameballs for all 50 of the super bowls. and don't forget you can watch the super bowl right here on cleveland 19. and then after the big game stick around for a special live late show with stephen colbert and of course we will be here. cleveland 19 news at 11:00 with ramona and me. >> romona: should be a fun night. >> jeff: yeah, coverage begins at 11 a.m. what do they talk about from 11:00 a.m. until kickoff? >> denise: doesn't matter. >> jeff: lots to talk about. >> romona: what is happening out there? >> jeff: it is a little chilly espe

jp morgan chase is working on a cash machine that lets you withdraw by using smart phone and let customers cash checks and pay credit card bills and their mortgage. weight watchers shares shot up 20% yesterday after oprah winfrey said she lost 26 pounds oprah joined the board of weight watchers in april and yesterday, she made about 12 1/2 million dollars on paper. must be nice. and finally one airline is giving coach passengers more leg room. jetblue is redesigning the cabins seats will include free wi-fi and roomier and larger tv screens. finally news we like about airlines. >> very true. >> normally we are talking about cramping you in. >> and we are both tall so extra leg room goes a long way. >> and tv to watch sounds good. >> thanks jill. we need a catch of the forecast. walking the dog early but it felt milder than usual. >> yesterday it was a great day. the wind was whipping last night but danielle not too bad again today. >> it won't be as strong but we are in the 40s right now. stepping out so we are above average already from what the typical highs should be during the afternoon

. >>> jp morgan, bank offer in and wells fargo made more than $6 billion last year in atm and overdraft fees. the vast majority of that came from overdraft fees. democrats hillary clinton and bernie sanders both called for a limit on how much banks can charge. >> catherine: piano man is returning to fenway park. billy joel just put on the schedule for the summer concert series. billy joel just been put on the schedule for the summer concert serieses, six time grammy winner will come july 18th. >> daniel: coming up at 5, her search to find, to reunite a lost camera with its owner. now do the laundry. new at 5:00, at longhorn steak like this doesn' t need anything else. which is why we don' t just add, anything else. longhorn steaks that sizzle for $12.99. the new smoky bacon sirloin. the new spicy grilled jalapeno sirloin. and the parmesan crusted sirloin. all with hand chopped salad & unlimited bread for $12.99. tonight only at longhorn steakhouse. you cant fake steak. and for lunch try our new steak and bacon cheddar melt. >> catherine: now at 5, the next round of rain is headed in by

if you don't have your debit card., jp-morgan chase says you can still make a withdrawal. just use a smart phone! the bank is upgrading its entire fleet of atms this year. it says one of the perks to the new machines is a function that allows customers to take money out of their account by tapping their phones to the atm. the technology used is the same one that allows apple-pay and other payment apps to work. the bank says the technology allows customers to use the machine even if they do not have their card with them if warmer weather is what you'll looking weekend is full of it. complete details of your first alert forecast planfrom start to finish a lotta melting going on over the past couple days it will refreeze tonight know that's can a be the main concern because we have this temperatures will be dropping fasten will take a look at some of the snowiest month so we typically haven't and if you look back at the a past thirty years of the thirty-year averages february is consistently are snow we is month with the to linda 6.3 for that month and they can a drops off in

it'll be called the chase center, after they reached an agreement with jp morgan chase... it will open at the start of the 2019 season their current arena has been pretty good too... they haven't lost a home game in a year!... hosting the mavericks tonight... former pack star javale mcgee with an alley- oop... he only played two minutes tonight. but golden state blows it open in the second half... klay thompson had a season-high 45 poiints warriors win 127-107... it's their 40th home win in a row. serena williams was looking to advance back into the australian open final tonight she won it last year for a record sixth time in and she had little trouble with agnieszka radwanska tonight... it took her just over an hour to win 6-love, 6-4... she will play angelique kerber in the finals on saturday... williams is looking to win her 22nd career grand slam title. the 49ers made a big hire today.... hiring jim o'niel as their new defensive coordinator... o'niel held that same job for the last two seasons in cleveland... the browns were ranked 27th in total defense last season, an

i gave the example early on in my test and never any -- testimony about jp morgan hayes -- j.p. morgan chase. at that point when they were hacked they were spending about $250 million. after it went to the board, they looked at it and determine they had to increase substantially their spend to do a couple theys, buttressed with were doing from an i.t. security perspective, but the other thing was to raise the confidence of their customers. at the end of the day i would argue while their shareholder price has gone up over time, every corporation cares about their customer data. loudermilk: i would like to ask mr. clinton to respond to wood,me question, but mr. part of mitigating your risk is not keeping data you do not need. would you agree that is a good practice if you do not need data do not store it? mr. wood: yes. mr. loudermilk: thank you. ms. comstock: i recognize mr. buyer. beyer: dr., i'm fascinated by your testimony. this whole notion of unauthorized lateral movement, and your call for interior rooms , is this recognition built into this cyber security framework? >> mov

jp morgan chase... bank of america... and wells fargo made more than six-billion dollars last year in a-t-m and overdraft fees. presidential candidates are even express frustration over the fees. hillary clinton called a- t-m fees "usurious." and bernie sanders vowed that if he's elected president, he will cap them at two-dollars... instead of the average four dollars. amazon is offering a huge discount for its prime membership this weekend. the subscription fee will drop from 99 to 73-dollars. the promotion starts tonight at nine-pacific only new customers can take advantage of the deal. amazon is celebrating the two golden globe wins for one of its original shows "mozart in the jungle." the first two seasons of the show will be free to anyone who wants to watch this weekend, even if you don't sign up for prime. google has announced a new feature in their maps app that can help you during your daily commute. android users have a new powerful tool in their google maps application. the new feature called

now as kayla tells us, jp morgan wants it to be as simple as downloading an app. >> reporter: we've got smartphones, smarthomes, smartwatches and your atm is getting smarter, too. >> we view this as much broader than a cash dispenser. >> reporter: jpmorgan chase, the country's largest bank, is overhauling its 18,000 atms and soon you won't need a card to use them. at the e-atm launching later this year it won't matter if you left your wallet at home. log into the chase app, find the seven-digit code and type it into any chase atm in your vicinity. it's one of hundreds of features brainstormed at the bank innovation center in columbus, ohio. some ideas like a fingerprint scanner got left on the cutting room floor. others are getting put into practice, the ability to withdraw three times more money and more denominations. customers can take out up to $3,000 in one dollar bills if they like. the end of next year they'll be able to pay mortgage and credit card bills standing at one of these machines, too. >> we do all this because our customers are asking for this. they want to bank where t