like a navistar is pushing them down.julie hyman with our spider sector report. coming up on "bloomberg markets ," french lawmakers back a plan on companies and encrypted data. ♪ tracy: welcome back to "bloomberg markets." i am tracy alloway. french lawmakers back a plan to impose penalties on companies that protect encrypted data. the company would face a fine and its executives could be jailed for up to five years if investigators are denied access. what does that mean for apple or a yeah the company that refuses to cooperate -- any other company that refuses to cooperate? let's turn to emily chang. what would this mean if it gets passed? emily: it would be a huge deal and under the bill as it is written now, tim cook could go to jail if he doesn't hand over the information in france. a tech, he could face a $386,000 fine, up to five years in jail, and what happened in far is that the bill, after the initial read, past 474-32 votes. it was overwhelmingly the parliament in favor of this. supporters of the bill say this i

. >>> and navistar suggested the company is open to potential deals.he truck manufacturer could be in acquisition target or a partner with another company. shares surged 17% on the day to 10.84. >>> and the mining equipment maker, joy global, reported a worse than expected loss for the quarter, but did not cut its outlook for the year. the company plans to sell off additional plants and machinery shares up 20% to $16.09. >>> well, winter is almost over, and southern california has seen little rain so far, despite forecasts that el nino would usher in a wet winter season. so why were the forecasts so off? and what does another year of drought mean economically? jane wells is on the case. >> this is what lake orville looked like a little over a year ago. water levels very low. levels this week at the lake, which is one of california's most important reservoirs, don't look much different. el nino has been el dudo. nasa climate scientologists had high hopes. he was expecting what a colleague predicted would be the, quote, godzilla of el ninos. well, it kin