Welcome to power lunch. Im tyler matheson. Mandy has the day off. The biggest names in business are on the network all day with all kinds of actionable ideas for investors like you. Ackman just in the last hour. David einhorn and the list is very long. We wont go through it all right here. One of the investors making Pioneer Resources fall like a stone. See why and see what other stocks these folks are moving. Big change at cisco. John chambers leaving as many expected this summer. We will introduce you to the new ceo and tell you what you need to know. That stock cisco is up about 27 1 2 over the past year. Can the new person in charge take it to the next level. Mannedy is off today, but kayla is with us and we will get downtown in a minute. We start with a slew of investing titans as i mentioned on cnbc. Warren buffett with our becky quick following Berkshire Hathaways meeting in omaha, nebraska. Wide ranging from the stocks he is buying to market valuations overall and becky is with
Refinery. The last one was in december. Is not expected have saved the impact on the community. Rely back in wrist but richmond will more think an ad this was over smoke about 10 minutes no safety hazard as a result but there were concerns for some time getting back to the 2012 incident which showed that the safety board hack and conducted an investigation the county authorized another investigation and those results are expected next month reporting live in Richmond Dan Kerman Kron 4 news pam moore Contra Costa County Health Officials are investigating a possible case of meningitis at st. Marys college in moraga today School Officials say they have a student was suspected man of men and jocko meningococcal meningitis the suit was transported to the hospital and is receiving appropriate care for the infection the test results came back this afternoon and did not conform or rule out meningitis or other germs can cause meningitis a cabbie a contagious they are not spread by casual contac
Search and rescue for the possibility this could be a passenger train. Obviously, it turns out it wasnt. It was a Union Pacific train carrying 21 empty rock cars when this car became derailed. You can see how strong the force was when it was dragged a short distance. One man working in a brick building about 100 yards away said he could feel the work place shaking. Workers closer to the derailment said it was no mistaking what was going on. A lot of metal noise, and then you hear a crash. And we looked over the wall up here and saw the thing leaning on its side. Look said like the axel broke, the springs and wheels laying all over the place over there. The exact cause is not known yet. One san jose fire captain says yes, it does look like the rail car did lose its wheel because one of the wheels sections the axel and wheels are a good, i would say 50 yards away from the axel derailment. He point out that the train was traveling slow which was a good thing. It is up to Union Pacific to
Cisco, longtime ceo John Chambers is stepping down after 20 years in the top job. Cisco veteran Chuck Robbins is in bringing to an end one of Silicon Valleys lo. Mcdonalds investors werent impressed. They sent shares lower today. Cisco managed to rise fractionally. We have two reports. Josh lipton on cisco but first Courtney Reagan looks for the new strategy for the worlds es the golden arches have been a little tarnished in recent quarters. It will take a lot to turn around the Worlds Largest restaurant chain, but today Ceo Steve Easterbrook is detailing at least the initial strategy two months after taking o the reality is our recent performance has been poor. The numbers dont lie, which is why, as we celebrate 60 years at mcdonalds, ill not shy away from the urgent need to reset this business. Mcdonalds will sell 3500 restaurants to franchisees taking global franchisee ownership to 90 from 81 . Which easterbrook says will generate more stable and predictable revenue and c the fastfo
Cisco, longtime ceo John Chambers is stepping down after 20 years in the top job. Cisco veteran Chuck Robbins is in bringing to an end one of Silicon Valleys lo. Mcdonalds investors werent impressed. They sent shares lower today. Cisco managed to rise fractionally. We have two reports. Josh lipton on cisco but first Courtney Reagan looks for the new strategy for the worlds es the golden arches have been a little tarnished in recent quarters. It will take a lot to turn around the Worlds Largest restaurant chain, but today Ceo Steve Easterbrook is detailing at least the initial strategy two months after taking o the reality is our recent performance has been poor. The numbers dont lie, which is why, as we celebrate 60 years at mcdonalds, ill not shy away from the urgent need to reset this business. Mcdonalds will sell 3500 restaurants to franchisees taking global franchisee ownership to 90 from 81 . Which easterbrook says will generate more stable and predictable revenue and c the fastfo