The law. But as kpix 5s maria medina reports, the mayor of santa clara isnt backing down. We are holding them accountable. Reporter its a play many are watching closely with santa clara mayor lisa gillmor playing offense. We have no knowledge of it. We have no involvement of it. Reporter and the 49ers playing defense. The team is accused of spending taxpayer money on maintaining and operating levis stadium, a clear violation of voter approved measure j. If you the 49ers Management Company would just give us the information that is required under the agreement, we wouldnt have any issues. Reporter last night during the city council meeting, the mayor warned the 49ers to hand over the financial documents auditors need to finish their job or city leaders would take the drastic step of taking away management from the 9ers. Why havent those documents been provided . Those documents have been provided. Reporter 49ers spokesman bob lang says they invited auditors to get the documents needed a
Getting better . What if the Global Economy is truly gaining momentum . Hey, thats what were starting to hear, but few people seem to be listening. Im certainly paying attention, though. Especially as the dow reaches an alltime high for the first time in over a year. Hallelujah the s p sets a record close for the second day in a row. That was easy. Bold claim. Things might be Getting Better but how about i give you some evidence . I always tell you to listen to that alcoa conference call. So many uses. Alcoa is plugged into so many end markets. Better than any economist at any Brokerage House thats ever going to give you. Last night alcoa painted a truly remark bl picture of a world on the move. Ceo klaus klein fell has been talking about illuminizatoin. Replacing steel in car parts, expected to grow at a 20 climb at least until 2020. Kle kleinfeld knows about autos. Unequivocally bullish. Strong demand not just behind us, but ahead of us. Much more important, though, remarkable reads
Business and we almost invariably fail to acknowledge the sheer resilience of this amazing market. Including today dow inching up 18 points, s p advancing. 20 . Nasdaq gaining. 30 . . Hallelujah . During this week in 2015, we were assailed by a combination of fears that led to a decline of nearly 2,000 dow points over just 6 straight trading days. 17,545 down to dow 15,666. Including one day where we shed more than 1,000 points. Before an afternoon rebound trimmed the decline to a heartpounding 588 decline. It was a stunning meltdown back then. Go back to the darkest days of the Great Recession of 2008 to find a worse stretch. For those who dont remember, there was so much going wrong all at once it was hard to comprehend. First the chinese stock market the communist government lost control of stocks over a frenzied period of speculation. The shanghai composite plunged to 2,965. After its already hideous fall from 5,178 earlier that spring. Back then we feared china was experiencing th
Week. I think its important to get in the machine and do precisely that. Why . We are way to quick to call the end of the world in this business and we almost invariably fail to acknowledge the sheer resilience of this amazing market. Including today dow inching up 18 points, s p advancing. 20 . Nasdaq gaining. 30 . Hallelujah during this week in 2015, we were assailed by a combination of fears that led to a decline of nearly 2,000 dow points oer just six straight trading days. 17,545 down to dow 15,666. Including one day where we shed more than 1,000 points. Before an afternoon rebound trimmed the decline to a heart pounding 588 decline. It was a stunning meltdown back then. Go back to the darkest days of the Great Recession of 2008 to find a worse stretch. For those who dont remember, there was so much going wrong all at once it was hard to comprehend. First the chinese stock market was plain collapsed in a way that totally freaked us out. The communist government lost control of sto
Invariably fail to acknowledge the sheer resilience of this amazing market. Including today dow inching up 18 points, s p advancing. 20 . Nasdaq gaining. 30 . . Hallelujah . During this week in 2015, we were assailed by a combination of fears that led to a decline of nearly 2,000 dow points over just 6 straight trading days. 17,545 down to dow 15,666. Including one day where we shed more than 1,000 points. Before an afternoon rebound trimmed the decline to a heartpounding 588 decline. It was a stunning meltdown back then. Go back to the darkest days of the Great Recession of 2008 to find a worse stretch. For those who dont remember, there was so much going wrong all at once it was hard to comprehend. First the chinese stock market the communist government lost control of stocks over a frenzied period of speculation. The shanghai composite plunged to 2,965. After its already hideous fall from 5,178 earlier that spring. Back then we feared china was experiencing the great the Economic Gr