No place else to get yields, everybody keeps turning to equity markets and there is no place to have the solidity or safety of equity markets the us has so the market of choice spirals ever higher. Charles here is the thing i find interesting, a lot being made of institutional money coming out of the market, tons of individual investor money coming out of the market. I dont see a lot of exuberance we are being led by utility stocks. The narrative that this is just unfortunate and Goldman Sachs to be 60 instead of 160 is why investors missed this rally. Doesnt feel like an irrational exuberance, like a safe haven. We are steering the ship of our economy and it is able to be steered. Again, we do have this eight year ongoing thing that there is no place to get yields other than the equity markets so money keeps coming added and anytime it is about to die out there is a new reason to be here. Charles last night smuckers raised their dividend. I tell people dont worry about the next highte
Police station. Reporter this is the first of many meetings to avoid a stopping shortage. They called the meeting productive. To give you some perspective, city leaders say 500 officers are needed to patrol the speak streets in san jose. Right now, the city of 1 million people. Its well below that. By next month you could see more officers back on the street. We got numbers that were so horrific just within the last week, were talking about over 340 10 hour shifts that need to be filled every single week in patrol. Reporter the move was triggered by this letter to the police union detailing the numbers. In the latest bid, only 413 officers available for patrol, below the minimum of 500 officers before the gap in positions backfilled with overtime. That has proven costly. If you are asking me are we in a state of emergency . Absolutely. We will feel the effects internally. It will be widespread. Its going to have a ripple effect. No doubt about it. Reporter david amoss bring says the sh
Wall collie. Welcome everybody. Welcome back on the nine. Thank you. I would like to say i missed you guys but i was up in napa county i was camping. It was the best. You said you would go back and do another year. Yes. Great to have you back. Michael is going to be here. Ill be going back and forth with him. The National Weather Service Reviewing why people didnt receive the warnings about the recent storm in advance. The likelihood of 20inches of rain would fall in a 24 hour period was unlikely. Nothing had happened like this before and there was no Historical Data to draw from. The storm would have grabbed more attention if it had been a hurricane. President obama is headed to louisiana to meet with flood victims and local represent tiffs. Some are criticizing the president for remaining on vacation while victims from this flood continued to pick up the pieces. The whitehouse said the president was briefed on the situation the whole time. President obama is on his way to brog, louis
Doing right now. We start with the story of the day,pple unveiling the brandnew iphone 7. Were in San Francisco with all the details. Josh . Melissa, that iphone 7 does boast a lot of new features and functions. Among the most notable though, it is fast. Its a 64 bit, four core processor with over 3. 3 billion transistors. It is a rocket ship. First, it has two cores, that are High Performance cores. These High Performance cores run a full 40 faster than the a 9 chip in the iphone 6. If youre coming from an iphone 6 its twice as fast as the a 8. The iphones display is 25 brighter. The best camera exists out there for any smartphone and the battery lasts two hours longer than the 6 s. The biggest headline grabber no he headphone jack. You can use an attachment for a wired head phones. As for the watch it got an upgrade, this new version apple says is faster, brighter its going to run you about 369. Rbc estimates that to date, apple has sold some 14 million watches generating 5 billion i
About 30,000 soldiers are standing by waiting for an emergency. Taiwans weather authorities forecast 500 to 800 millimeters of rain in mountain areas. Japans Meteorological Agency says the storm is heading west northwest at a speed of 20 kilometers per hour. The typhoon is expected to approach southern taiwan, the northern philippines, and Southern China from wednesday through thursday. Taiwans weather authorities forecast 500 to 800 millimeters of rain in mountainous regions of the island. Some Boat Services to the islands on wednesday have been canceled. This is a very powerful storm system, moving through the luza shelters. Robert speta has more on the storm. This is a powerful and dangerous storm, one for the record books here, moving through the luzon strait. You can just see the size of this. Tropical storm strength winds from northern taiwan towards the south. Winds right now, as we mentioned, up and over 300 kilometers per hour. Absolutely intense. Thats as violent in intensity