The weather matching the calendar and looking good. Unofficial start of summer kicking it off. After memorial day we will go back to spring because it will cool off. We have that in there too, that mix of spring and winter in. No rain unfortunately coming our way but we will see warm temperatures this morning. San francisco, no fog. Waking up to hazy skies, winds will calm down and relax this afternoon and feel very warm at the coastline even. 72 degrees for San Francisco. Near 90 for those inland vals. Headed to wine country today, 89 there, 90 south bay and lower 90s for the trivalley. The 90degree heat stays with us over the next couple days. We will check the tropics. May heard off the atlantic, theyre preparing for a Tropical Storm this memorial day weekend. We will talk about that and the chance for storms here in california coming up in about ten minutes. So much going on. The weather roller coaster. Oh, yes. Lots happening. Stay tuned. Thanks. Developing this morning, the searc
Special sunday hours, it was already jammed. Fans pouring in to snatch up merchandise and show their support for the team. How exciting is this . Breathtaking. I dont know what to say. Breathtaking. Excited. Reporter it took the sharks six games to defeat the st. Louis blues and earn the first spot in the finals since the team was founded 25 years ago. The fans dont get anymore serious than matt winstead. I was at their very first practice back september 6th, 1991 at the cow palace. Reporter and winstead says for fans, this long journey to the stanley cup finals is about so much more than just hockey. Its been 25 years, not just the sharks. Its about memories you have with people, life, family, and people that were sharks fans. Reporter winstead never imagined the sharks would get this far this season and so he and his fianci, melissa, scheduled their wedding for next saturday. Kind of crazy its also the year were getting married. First guy has to miss the first game because were getti
Economy with janet yellen about to testify. We have to get our head around what matters to her most. Clearly she hurries clearly she cares about data. The question is, is a data around the world as we look at china, japan, brazil, or is it the economy improving slowly . We have breaking news right now. Matt first i want to give you news on time warners dividend. If you are a shareholder, you will be happy about the fact that time warner is raising its dividend. Well, you might be happy. . 40 to . 40, a quarter per share. You are getting a next her nickel and a quarter per share. As far as earnings are concerned, we have eps from 1. 06 fromops, at time warner. We had total revenue at 7. 08 billion. I will look and see if those are comparable, but the Dividend Increase and the 5 billion Share Buyback program are things that can move the stock. I want to talk with vonnie quinn from first word news. Vonnie voters in New Hampshire sent a message to establishment candidates for both parties.
Julie i want to look at facebook. The shares dropped suddenly just in the past 15 minutes. They are bouncing up off the bottom of little bit. There is some talk, i saw some tweets about ad spending and figure out exactly what might have been said to cause the decline in the shares. The reversal, really they are down 1. 6 percent. We will keep digging and bring you an update when we have news from that conference. For a look at the broader markets, we are seeing a rally across the board. We see a gain of 1. 2 in the nasdaq. If you look at the dow, the dow is also up. 8 . We have been seeing a range earlier in the day and a leg up around 11 30. Jpmorgan is a big part of what is going on in the dow today. The earnings falling yearoveryear and trading sales falling euro per year that all of the declines were smaller than analysts had been estimating. Jpmorgan has actually been building on its gains throughout the day. This may shares are rallying. Jpmorgan is raising the analyst estimates.
The action begins right now. Lets get right to it because stocks are at twomonth high and the vix at a yeartodate low and high yield is surging. Take a look at the hyg, up nearly 8 from its recent low as the highyield market has seen recordbreaking inflows this week. Do you buy into the rall . Lets get into the money right now. Mike, what do you think . Decided not to start it off with the big bear on the desk this time. Motive. The entire reason that we had all the volatility in the markets since the beginning of the year has really been the high yield market, and this is a really good place to look if you think that the cracks are emerging underneath equities. The credit guys tend to see those first and, of course, theres a lot of things to see and obviously a lot of bankruptcies in the energy space and a lot of reason to be concerned and i do like high yield here andim not bearish of equities. You do. I feel like this is a monumental moment. Look, the reason ive not been that bearis