After hours. This comes as some of the biggest names in tech have been solid gainers since the brexit lows. Take a look at the performance of facebook, google and apple since june 24. With stocks, of course, overall near record levels, is big tech where you now want to be . Pete najarian. I think its where youve been wanting to be for a while but brexit opened up that door even wider because everybody started looking. We all know about the utilities, we all know about telecom. They had to go somewhere else with money because they saw valuations getting extremely stretched. Where did everybody start to look, simon . They started looking towards tech. Look at all these various names. Even look at Something Like seagate. You look at yield, you look at valuation and suddenly people started saying, hey, look, not stretched, havent made a move. But i would warn you right now, tech has been on an absolute tear run to the upside. This run off of the brex it lows to where we are right now, look
Pipe as required after exceeding those pipes. They want a special monitor to track pg es activities. We hope the judge sends pg e a message that its not okay to risk peoples lives by having inadequate records, manipulating data and misleading federal investigations. This was a criminal trial but no one from the company will be locked up. San bruno City Attorney says its really not even about the money. It was about sending a message. The jury acquitted the company on charges of failing to keep possible records of past leaks and High Pressure water tests. Today pacific gas and electric issued a statement saying in part we want our customers to know we are committed to reearning their trust by acting with integrity and working around the clock to provide them with energy that is safe, reliable, afortable and clean. Now moments eye go we received a statement from the u. S. Attorneys office in the northern district. Their Statement Reads in part, this verdict in no way diminishes or calls
Theres a little rain on the south side of town so you may hit some of that near castle rock and dia. Its lighter near Silver Springs and canyon city. For the most part this morning, partly sunny skies and then this afternoon theres a chance for rain. Well be talking more about that in a moment. Fairly quiet on the morning commute this morning. Look at all these cars we on the road at 4 30 this morning heading ot southbound direction of i25 making your way into denver. The rockies back in town playing the dodgers tonight. You see that icon with the exclamation mark. Still in the clean up stanls and then lauren is tracking the moisture we have affecting the road. Denver police are looking for a driver who hit and killed a pedestrian and took off from the scene that happened last night. Shawn chitnis is live from dpd headquarters with more on this sad story. Shawn . Reporter police did have to close the intersection for some Time Starting last night and early this morning. We know the int
Outlier. That is the close from friday. Theyre having a bank holiday in the uk. Finally, take a look at where we are on crude. Its been sliding throughout the morning. Its been in focus for equities here in the u. S. And across the world. Wti just slipped below 47 a barrel. Its down 1. 5 . Brent is trading roughly lower by about the same. That is below 50 a barrel. Scott . Loud noises at Los Angeles International airport causing panic late last night as many confused the sounds for gunshots. Passengers at lax were seen running from terminals on to a tarmac after Police Responded to 911 calls from many locations about a shooting at the airport. Around 11 45 p. M. Eastern time. Police conducted two sweeps and concluded the reports were unfounded and there was no shooting. In business news. Look for personal income and spending. On tuesday, we get the home price index and august consumer confidence. Wednesday, its adp employment report. Chicago pmi and pending home sales on thursday. Look
Mohamed elerian. The drama at United Continental airlines continues, activists looking for Board Changes as the ceo is set to return. David faber and phil lebeau will join us. I think we got him even to come down to the stock exchange. Just flew in. You can see on screen, just breaking in the last hour, Whitney Tillson is back shorting lumber liquid ators, hell explain why the shares are down another 9 . It was about a year ago that that first 60 minutes report about the harm potentially done to folks about this flooring came out. Its been quite a saga. Then covered that short position of his in december but put it back on again. Well explain why coming up in a little bit. Lets start with the todays move in energy and materials, the stocks. Bob pisani joining us. Thank you, Goldman Sachs, we had material stocks going and this morning they put out a note pouring cold water on the idea of further rallies. Heres what they had to say, oil supply and demand is not in balance and dont preten