Explain. We begin with stocks rallying for a third consecutive day. The first time they have done that all year. Were on correction watch at this hour. They take the dow and the s p to the brink of exiting that precarious position. Big move in oil. The s p is out of correction by about a point. The dow still has some work to do by about 100 points. Believe in this move over the last three days . Theres really positive signs, scott. The transports are playing a big role here and thats been whats ailing one of the factors ailing the market for so long that disconnect. Bio techs bouncing really hard up 15 off their lows. Small caps out performing large caps up 7. 5 versus 6 and the banks are the only s p sector still down double digits on the year and you dont want to see such weakness given what we were worried about to begin with. Do you believe this three day moves . The other rallies have been punked. They sell right into it. Not even a couple of days. I think you have 24 hours in mos
A panama law firm called Mossack Fonseca, 11 million documents taken from that law firm, given to a german newspaper, which shared them with a Global Consortium of Media Outlets around the world. In those documents, according to the reporters who had a chance to go through them, are accounts of World Leaders, as many as 12 World Leaders who set up shell corporations using that Panamanian Law Firm to allegedly hide assets around the world. One of the leaders under scrutiny today is Vladimir Putin. His name does not show up in the documents personally, but the names of a lot of his close confidants and inner circle do show up in those documents. The kremlin has already had reaction here and were getting reaction from some of the world capitals to this story. Kremlin saying this report was simply an information attack on russia. Also reaction from the icelandic Prime Minister who is being interviewed by a Television Crew when he was asked about this. He stood up, walked out of the intervi
The man pulled a weapon outside 18th and valencia streets. The man was in an area that was off limits to the public but when three sergeants told him to leave, they say he blocked the driveway and pulled a weapon out of his waistband and was fatally shot. It was the second time officers had an exchange with the man yesterday. This suspect apparently earlier today on 16th street approached other officers and inquired as to what kind of weapons we carry which the officers at the time found very curious, but nothing played out at that time. Police say the weapon carried by the 32yearold man was an air soft gun but it did not have anything any markings to indicate it was not a real firearm. Jury selection is set to begin for the trial of Dzhokhar Tsarnaev. He faces 30 federal counts including four murders. Don campion has the latest from boston where security at the courthouse is high. Reporter 12 jurors and six alternates will soon of chosen to determine the fate of the surviving suspect
Opened fire on a Pedestrian Crossing the street yesterday afternoon. The two gunshots blew out two large window panes as people ate a mid afternoon lunch. Glass hit my head. Everyone ducked quickly. Roy someone well known with a disability is often seen yelling at passers by when hes off his ms. He was walking before 3 this afternoon when he used a racial slur while yelling at an African American driver. He took his cane out and whacked his car. The guy gets out of his car and shoots. The driver pistol whipped roy and the gun went off. One hit roys shoulder. He hates white people. Hes white. Hell say im not white. He has the tendency to use the n word a lot. But i know him and i used to pull him aside and say look, roy, i understand you. I really, really do but man one day you are going to run into somebody who doesnt roy was treated at the hospital and was released. I was very lucky. What did they say . Joe vazquez kp i x5. The suspect who did the shooting got away in a stolen mazda.
Went for his waistband and pulled a weapon. Reporter place say the weapon, the man pulled was actually an air soft gun but they say it looked like the real thing. They said in the coming days theyll provide us a picture of what it looks like. Kpix 5. Happening tonight libby shaft becomes the new mayor of oakland. She spoke to kpix 5 yesterday. What are you going to do most differently than your predecessor . Implementation. Im not about cute titles or announcing initiatives. We know there are some basic things that we need to do particularly around safety. Even though burglaries are down police have not done enough for vandals. We have seen a lot of Business Owners standing watching break polices windows. I have been disappointed in that. She says he may implement a new impact fee on developers and she wants to persuade them to stay without any new money for added stadiums. Its getting busy this monday morning. A couple new trouble spots. First the bridge backed up at this point. You c