Yeah. So here are the facts. Facts are i dont know whether were going to win or lose tomorrow neither does adp, so when i saw fabers report i was kind of puzzled by it, so i looked the top ten investors own 32 of the company. 75 of those shares have not been voted yet, and why is that . Because the big institutions wait until the absolute 11th hour to vote because they dont want to get lobbied by management or us want to put their votes in and have it be definitive. I dont know if theres any way someone can call the election and point out under the proxy rules its illegal for either side to indicate how the vote is going. Now, obviously mr. Faber is going to report whatever sources he gets, but, you know, i certainly have no incentive to have him report that were losing so clearly someone on the other side perhaps it suggested that. Its just not appropriate behavior the bottom line we dont know today, and and, you know, well just talk about what the proxy contest is about whether we wi
Our road map begins with John Chambers stepping down from the ceo post at cisco by the end of july. Chuck robbins is going to take the reigns. Mcdonalds unveiling a brad new turn around plan this morning focusing on innovations such as delivering breakfast all day. Warren buffet issuing a word of warning about stock valuations and Interest Rates. Well get to that. First up cisco has chosen its future leader goble operations chief Chuck Robbins, effective july 26th. Chambers will assume the role of executive chairman and continue to serve as chairman of ciscos board. Chambers joined in 91, ceo in 95. Hes grown it to 48 billion in revenue. One of the longest running ceos of the billionaire companies. I think hes managed to navigate what no one else has. Hes leaving the ceo job at a high. The stock is only one point off its high. It happened to have the best european numbers. If you think the dollar has peaked a knew consensus is building. John will be staying with it. Develop a Good Rela
Flames. The fire spread quickly at 22 nd and mission this afternoon. You can seelames leaping from the building. We are live tonight to begin our team coverage. Katie . Smoke is lightning up a bit. I see people Wearing Masks over mouths and noses. Take a look at the number of firefighters and trucks and hoses on the ground out here keeping an eye on this. Theyre are ars the faus yaud could come off of the building. So take a look at the video on the ground after the fire he ruped it went up to a fivealarm fire. Crews contained it to the ridge siness and one adjacent store. For a while, peopl on Mission Street barricaded themselves inside. It was blocng windows. We couldnt see notng no more. This is a heavy fire load and a lot of progress. You and i probably couldnt see each other. So well be here throughout the nit. Speaking of the smoke, four people were taken to the hospital two firefighters, two civilians with summati you can see one firefighter on the scene there. Also, the chief t
So well be here throughout the night. Speaking of the smoke, four people were taken to the hospital two firefighters, two civilians with summation you can see one firefighter on the scene there. Also, the chief tells me inspectors were called out twice to this store. In 2009, and 2013 on complaints its too crowded and too much stuff inside. First time, owners told to widen an exit aisle, and they did. The chief tells me its too soon to determine if clutter contributed to the cause of the fire. Pg e had to turn off power and gas to this area. In san francisco, abc7 news. Thank you, katie. Here is a look from google maps street view of what the big house looked like before the fire. You can see merchandise that went up in flames along with the building. Alisa harrington is live with how the neighborhood is being impacted by the fire. Alisa . People cant go home and say the area is off limits and people are frustrated not being able to go home earlier, others were evacuated as winds pushe
Speech. Good to have you with us tonight. Thanks for watching, were a country that wants everything to work. Were a people that can correct things when we want to to make things work. This story tonight is a classic example of how our tax system must be adjusted. Can we use that word . We need to make adjustments. We start tonight with big Financial News that could cost you some money. Now, if youre in business and someone comes to you and says treasury will have to come up with 20 billion over the next ten years to meet all of its obligations, youre going to be thinking, whoa, we better raise the rent here. Somebody has to pay. Now, keep that in mind in the context of story that earlier today burger king announced its planning to buy canadian fast food chain had a few whoppers as you can tell and they are good too. The deal is going to be 11 billion. It is the largest fast food chain in candcanada. It would create the Third Largest fast food chain. This is going to be a big deal in th