Takes to keep your portfolio well diversified. We have all that and more tonight on nightly Business Report for monday, july eighth. Good evening, everyone, and welcome back from the long weekend. We begin tonight with a history lesson. 81 years ago today stocks hit rock bottom, on july 8, 1932, the dow sat at 4122. Not 4,000 but 4122. A nyse low. Today stocks turned in their third winning session in a row. The dow closed at 15,2 4. Share volume, 3. 5 billion shares. There wasnt much news to propel stocks today. Members conjured members of fridays jobs report. And the dow off its high for the session shot up 89 points, the nasdaq added 5, the s p 500 was up 8. The russell 2000 index of smaller stocks closed at a record today of 1009. Excluding special items, alcoa beat analysts estimates. The edged forecasts by a penny, it saw a slight beat on revenue two. Even though sales were down a little bit compared with last year. Despite a weak aluminum prices, alcoa benefited from increased de
Respiratory illness is in the state of california. The possible Health Threat to children. Mornings on 2 starts now. Complete bay area muse coverage starts right now. This is ktvu mornings on 2. Never ever any trouble, not once. This is very surprising. Members of a bay area gym stunned this morning after learning about a violent confrontation that turned deadly. Ktvus Tara Moriarty is live at Bally Fitness Center this morning. Shell tell us what one witness told her about the suspects behavior in the past. Good morning, welcome to mornings on 2, and people already working out this morning. Im tori campbell. Im mike mibach, dave has the day off. Weather and traffic off the top. Lets say hello to steve paulson. Low clouds around, fog, humidity is up, but not compared to yesterday. Will not be as bad. Still kind of muggy. The low which never went through on its way down to Southern California, and Central California on sunday. Temperatures here 50s, 60s. Good 10 degrees from yesterday, 2
Rose 3. 8 to 2. 97 million from 2. 79 million a year earlier according to the labor department. David Charles Evans as we mentioned would not rule out the central bank pulling back in the Bond Buying Program in sent. That is lot earlier than he said before. The markets have begun to digest a world whereas set purchases are finite. Liz the department of justice suing bank of america for allegedly defrauding investors in connection with the sale of more than 850 million worth of residential mortgagebacked securities. The doj says the bank failed to conduct Due Diligence on any of the mortgage loans. David also sony has reject ad proposal from activist shareholder daniel lobe to spin off part of its entertainment business after actor director George Clooney brassed lobes plans. Sony said holding full ownership of movie and Music Division was fundamental to the future. Liz the shine coming off gold a bit today, falling below 1300 a troy ounce as you see, 122. That decline is the sixth sess
And that the President Elect talked about a system where for every new regulation comes in, two have to go away. Im not sure how that works. But something along those lines where new regulations have to be counter weighted with reduction in the overall Regulatory Burden on small companies. Weve seen happen many times a regulation gets put into place and nobodys thought about how its going to affect the Small Business owner. I it may make sense for big business but Small Business gets talking up. You have to have institutional reform so that you force government to do this. Sunsetting regulations, for example. It forces the elected officials to say, does this still make sense . In terms of whats changed in technology and the economy, should we still be doing this . Is this a better way to do it . Look at the cost benefit analysis. Those types of reforms are needed so we bring sanity to the regulatory morass in washington, d. C. Todd, you did a survey about the cost for Small Business
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Hi everyone, and welcome to your business. The show dedicated to helping your Small Business grow. Donald trump has been sworn in as the nations 45th president. And according to a number of surveys, Small Business owners are excited. The nfib Small Business optimism index jumped a remarkable 7. 4 points in december. The largest jump since the index was started in 1986. It is just one of a number of surveys showing that mainstream businesses are upbeat with the hope thaft Trump Administration will be businessfriendly and you shaller in deregulation and tax reforms. The chief economist for the Small Business and interneuroship president of the and ceo of the national Small Business association. So good to see both of you. Good to be here, thanks. Thanks for talking to us. I want to dig into this. Ive seen a number of surveys where optimism is higher, right . And people in Small Business feel like the next four years may be good for them. So lets get down to why. What do you think will ha