They have all the huge exposure to European Banks. In other words, people are worried that theres systemic risk, that havent yet happened again, and for the report might not happen at all again, but we have tore scared out of our in 2011 and decided to sell everything, because the market went count 19 . There, thats the scenario. Plus oil is going down. We have Oil Executives chattering about how well have to put crude in swimming pools, because theres so little Storage Space left. I thought it was a funny comment. But the oil futures guy realize its dangerous to own oil. The market bounced somewhat when once again we heard press reports i could have said lies but that there might be an emergency opec meeting. Thats after crude fell. Its lowest level since 2003. The rumor was certainly right on time. Call me cynical. Maybe the stock market is right and oil is going higher, but every rumor about production cutting has been wrong, so lets presume this one is, too. Repeat the scenario, wh
Other big s p winners, general growth, regeneron pharma, wyn ddz ham and under armour. Cvs up about 900 . Priceline, chipotle and netflix. Well talk about where that goes from here. First, before we do that, lets get some other corporate headlines. This one, i dont know what you think of this one, joe, snapchat now valued at near 10 billion. A lot company, 10 billion. The number based on a recent investment in the messaging start up. The wall street journal reporting that vc cliner perkins committed up to 20 million. Among the other startups now boasting valuations of 10 billion or more. B b and uber. And payment provider square theyre also getting a valuation boost. On their way to 6 billion. That Company Reportedly in the process of raising about 200 million in cash. Square, of course, run by twitter cofounder jack dorsey. Square was valued at 5 billion earlier this year and you might recall that starbucks has an investment in that company. And then we got a little bit of media tech
Periods. Quitetrue, they are gone a bit. Right now, they are really in the one solid work going to of the year, eight or nine weeks where either the house or senate or both are in session in washington. It is absolutely true they spent a lot of time not in washington. Guest i am sure a lot of them would argue that they need to spend time in washington not in washington, in their home district. It is an avenue of criticism that we hear. The president gets criticized when he goes on vacation as well. Im not sure it is fair to say that all those 137 days are not necessarily vacation. Thing, whenther they are back in their districts, they can do a lot of constituent work. There is not much happening in washington. When they are back home, at least they can help something. Host a related story in the washington post. They found 60 of americans say they are inclined to look around for somebody else in the midterm elections, including the majority of democrats, republicans, and independents.
You can also reach out to us online. Im calling about john boehner. But him not bringing up the extension of our Unemployment Benefits before the twoweek recess for easter, i am appalled by that. Not bringame he did this up for the people who need the jobless benefits. I think is a shame that the president cannot do anything about it. Why do you think you didnt bring that bill up before lawmakers went for recess . Caller it is paid for, i dont know. What he wants. Im i just think he wants to hold all of us hostage and make everybody suffer. From theory now washington times. Oh he contends his reelection bid, quote wont even be close. This is quoting john boehner. Kaiser, west virginia, larry is on the line. Caller i think john boehner has done a very bad job and i think he should be replaced. Host who should he be replaced with . Caller im not really sure. Someone hi whos more conservative. They should cut back on the spending programs. Sundays the ington post lets go now and listen to
Business. Well tell you how it could affect you coming up. Mornings on 2 starts now. The first thing i did was to shout as powerfully as i could. No stop get away a Good Samaritan rushes to help a woman attacked and robbed. Were live in North Oakland this morning, where People Living there say this bold crime reflects a growing problem in the temescal district. In two minutes, Tara Moriarty will tell us what neighbors and witnesses say they want police to do about it. Good morning. Welcome to mornings on 2. Im tori campbell. Good morning. Im dave clark. Lets check weather and traffic. Steve, i saw some bright sunshine outside the door. There will be a lot more today. Not as windy. A little system coming down. Its on the western edge of it. It will keep us on the cool side even though well rebound a little bit today. Some patchy low clouds dont stand much of a chance. The air aloft is really cool. 40s and 50s. We had a lot of 40s. 43 at napa. 43 mill valley. Some 50s here a couple of 40