Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing proposition. But today when you look at fair valuations across the board, i think now is the time over the next three
Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing proposition. But today when you look at fair valuations across the board, i think now is the time over the next three
Aleppo the yuen says that it is concerned about reports that hundreds have gone missing after entering government controlled areas of the city. It is estimated that about a hundred thousand civilians are trapped in those areas. A new report into systemic russian doping is detailing a wideranging institutional conspiracy involving more than a thousand athletes and more than 30 sports. The findings from the World Antidoping Agency was at the 2014 winter olympics. Statementsdenied any about the doping system. Global news, 24 hours a day, powered by over 100 26,000 journalists and whether 120 countries. This is bloomberg. Bloombergs world headquarters, i am scarlet. We are 30 minutes from the close of trading here in the u. S. This question is what did you miss . Talk about bad timing, these chairs under pressure today after they say they wont grant raise capital. Ill is happening after italian authorities are to form a new government. The topen is said to be candidate for the president el
Neil cavuto own youre world. Well have that. Your world. It appears the mayor put himself out of it. We shouldnt forget mayor Rudy Giuliani monday on republican convention, really ignited this election and helpedhe was number one surrogate for donald trump during the eleion. So i take it at face value he pulled himself out of the search. I think he will focus on the private sector. He did an advertisement for us that was considered one of the most impactful of this election cycle. I have a close relationship with rudy. I think, you know, lets see how this plays out over the next few days. Liz eric, also, Rudy Giuliani saying there are four names still under consideration for secretary of state. But we do have that sound bite now, Rudy Giuliani explaining what happened and why he is taking himself out of the running for any position in Donald Trumps cabinet. He said he withdrew his name november 29th. Lets take a listen. About 10 days ago, november 29th, the whole thing was becoming kin
This is a live look at Storm Tracker four radar. And a live look outside at San Francisco. Mostly dry for now. But make sure you have the umbrella ready for the weekend. Good evening im steve aveson. And im catherine heenan. Steve is right get ready for some fairly heavy rain. Meteorologist Brittney Shipp is standing by in the weather center. With the latest on the timing of what we can expect. Make sure you have the free kron4 mobile app. To help you get through the storm this weekend. Be the first to know about severe traffic and weather in your area. Well keep you updated through breaking news push alerts. Tonight marks one week since the ghost ship warehouse fire in oakland. Today city officials officially r the identities of people what caused the tragedy . Tonight it appears that federal investigators are getting closer to an answer. Today they officially ruled out a refrigerator that was being looked at. Kron 4s Ella Sogomonian is live at the scene tonight. Where friends and Fam