Lets begin with the markets today. The dow marching closer to that 20,000 level as everything from the transports to small caps, nasdaq hitting record highs today. Josh, what, if anything, is still cheap is the question i pose . You have 40 new stocks hitting 52week highs in the s p today. You had 112 yesterday. Is anything cheap enough to buy anymore . Let me start by saying this is a great environment for people who didnt panic during all of the big bad event that is we had this year starting from the things that went on in january and february related to china, continuing through, you know, the brexit drama this summer, italian referendum. The election here. If you stuck to your guns skpurks owned cheap stocks, you are doing very well. Value is outperforming substantially. Small caps that couldnt get love for two years are also doing well. I dont understand why we would say that thats going to stop. The its important to point out the four best sectors in the s p were all negative in
Exuberance lead to a flood of ipos. We will look at which companies go public. Very high profile names. Breaking this morning, Goldman Sachs executive has reportedly been offered a position in the Trump Administration. We have more on what that could mean not only for the Trump Administration but Goldman Sachs itself and the issues they may face. And president elect Donald Trumps team is starting to take shape. Larry kudlow will discuss whether the picks will bring that deregulation so many investors are now expecting. Speaking of which, lets start with the market new highs. Bertha coombs is in times square and bob pisani is behind us on the floor of the new york stock exchange. Ladies first today. Nasdaq all time highs stoked by small and mid caps since the election. Today it is really a big cap rally. We are seeing a little more love for the tech big caps like apple up nearly 2 . Alphabet is up more than 5 for the week. That is the best weekly gain it has seen since july of 2015. Not
Doppler 7hd. Showers much of today even tip into the late night hours. Live doppler 7hd showing you not impressive looking stormy right now. This is a left over of what soaked us earlier today. Still have pocket of light rape t. Pop of rain on the screen from san rafael to danville, north into vacaville rio vista and light sprinkle at this hour thats what we look at also in the south bay. Really light sprivrjs but the steady light showers have certainly add up over the past 24 hours. Look terrain fall. Several spots over an inch like San Francisco. San rafael. Santa rosa. You can see oakland coming closer to 3 fourths inch of rain but we had the rain shadow effect being santa cruz mountains. Healthy amount of rain on leeward side of. That less than a tenth of inch. Similar in moffitt field. Impact scale light system on the storm at least through friday midday with the scattered light showers and less than a quarter inch of rainfall. So future weather as we go hour by hour we have the l
Catherine and dont forget. You can track todays storm and future storms by downloading the kron four mobile app. Well send out important weather and traffic alerts as the storm moves through the bay area. Its free to download in the app store for both android and apple devices. Bureau says its notified all 36 families of victims of the ghost ship warehouse fire. And today the coroner released the names of two more victims. Theyre 35yearold Jennifer Mendiola and 36yearold Joseph Matlock both of oakland. Meantime investigators say theres more work ahead in determining the cause. But atf officials tell kron4s Haaziq Madyun that theyre now bringing in some help. He joins us live now in oakland. With more. Haaziq . Reporter things are slowly pushing beginning to return to normal trotters are serving customers relatives. Atf is beginning their investigation to pinpoint the cause of this fire. Reporter zeroing in on a potential electrical cause for the ghost ship warehouse fire that is why we
In 90 seconds. Weve got ourselves a classic winter setup across the u. S. Wind chills in the teens all the way down into texas. Winter weather blankets the u. S. Snow continues to crank a couple more feet are possible. Heavy snow and freezing temperatures stretch from the sear i cant say to the great lakes to the northeast. You cant do nothing about it. You might as well deal with t i guess. The president elect made another stop on his victory tour, this time in iowa. No task too great, no dream too large, no goal beyond our reach. Meanwhile Hillary Clinton making an appearance in d. C. After a few weeks of taking selfies in the woods i thought it would be a good idea to come out. Do you think you could have done a better job . They probably would have eaten me alive. Who is the best pilot you ever knew . Me. John glenn pioneer, patriot and politician has passed away. He was the First American to orbit the earth. That view is tremendous. A huge majority south koreas parliament voted to