Bill, welcome back its been a while. Good to see you again. Thanks for having me. You look at the stocks that have taken the dow from 22 to 23k in only 76 days and its boeing, cat, home depot, goldman and i look all the way to the bottom of the list and the worst performer is general electric, a stock you say you are buying and it has become now a contrarian call because nobody seems to like it anymore why are you buying ge . Well, i guess it shouldnt be too big a surprise that a value firm like oakmark is buying something that is tremendously out of favor we think this is a very Different Company looking forward than looking back. New Ceo John Flannery is going to be very focused the return on invested capital and Capital Allocation both within the income statement and on the Balance Sheet we know theres a big earnings reset coming the stock wouldnt be trading at 23 if that werent the case. But we believe from that number this company is going to show much better than average growth,
Pants . Her bracelet caught on the garage door and it is going up. And storms are still popping up as we head into memorial day weekend. Your news starts in 30 seconds. Black smoke and flames. Helicopter down in delaware. We just found out who was insi inside. Severe weather strikes. Thunder, even hail and of course a lot of rain and its not going away for your Holiday Weekend. Now fox 29 news at ten. First at ten do you need to change your Holiday Weekend plans . Drenching showers on the radar tonight. Not just rain take look at center city. Philadelphia a couple of hours ago that of course is hail, droves of people will head right there tomorrow. The jersey shore which is get be rain right now. The question on a lot of minds on this thursday night, when will things dry out . Thanks for joining us. Im iain page. Im lucy noland a lot of folks already have the car pack, the cooler filled for the weekend barbeques and all of that. So is it going to be wash out because that doesnt look go
Inland. My computer screen, i was looking at the last hour of the mornings on two and we are right there. You look the same that you did one hour ago, and you have not aged one bit. I feel younger. Good morning everybody, lets take a look at the bay bridge toll plaza, filling up and backed up 25 minutes, not quite 25, but somewhere around 20 to 25. One to get onto the bridge is relatively easy into San Francisco. Also looking at the san mateo bridge, traffic looks okay, southbound 101 near 92 they are clearing a crash. Also looking at the problem in San Francisco at the ellis and hide, ellis and hyde, in the Fire Department has arrived in the police are also on the scene. Investigators are searching for answers in the Fatal Shooting of three officers and battlers in baton rouge, louisiana with three officers also wounded. This happened less than a mile from the Police Headquarters and they have identified the gunman, gavin eugene long, a former marine that carried out the rampage on hi
And were learning it may be spreading to several east bay cities. Armed robbers, targeting homes specifically when the owners are there so they can lead them to the valuable. S take vo this Surveillance Video was captured from a home in fremont showing the alleged criminals in action. Boxes nbc bay areas Elyce Kirchner is in piedmont where she has uncovered exclusive new details about another Armed Robbery that may be connected. Elyce police are now telling you theyre investigating a link between this new piedmont attack, and the fremont home invasions . Gfx janelle cu in just over 36 hours, brock turner will walk out of the Santa Clara County main jail. And today we learned how the Sheriffs Department is getting ready for it. Take vo turner, the former stanford swimmer was convicted of sexually assaulting an unconscious woman. Protesters say theyll be there when turner walks out. Theyre angry about his short sentence and calling for the recall of judge aaron perksy. Protestors say the
Winner last night, and today, the final straw, john kasich expected to do the same at a News Conference in his home state of ohio at 5 00 pm eastern. Trump is defeated, 16 others, Hillary Clinton is having trouble dispatching one, senator Bernie Sanders surprising many with a win last night in indiana. Our Political Panel put it all in perspective. Hillarys call crisis, more tech caught a airbag recalls and tesla reports earnings after the bell. We are one hour from the closing bell. I am lori rothman in for liz claman. Lets start the countdown. Breaking news, the tao is off the session low, the dow and s p both trading near three week lows, the global slowdown concerns, investors brace for earnings after the bell. Gains we are keeping a close eye on, 21 steuben century fox and Weight Watchers. We bring you the resultant reaction in the market as soon as they cross. Home is where the heart is but investors are not feeling the love for homebuilders, they were downgraded in ups dragging