It is up 3 today as a matter of fact. There we go. We begin with the Worlds Largest fund Company Turning to machines to pick stocks. Legalsly picker joins us at post nine with that story. Hey, guys. Stock pickers are out and machines in. Black rock is overhauling active management business, conceding beating the market is hard and expensive and computers can do a better job for less. The revamp affects 30 billion of black rocks five trillion dollars in assets to start. At a high level the plan involves adding more technology and data science to the art of portfolio management. That means fees will be sliced in half for customers, saving them 30 million annually. The firm says it also means that some Portfolio Managers will depart. The firm is offering new products including those under the advantage brand, which gives Retail Investors access to black rocks Quantitative Investment strategies. Keep in mind though this is still more handson than black rocks wellknown etf business. Some sa
Retailers seemingly turning things around. Best buy and williamssonoma reporting better than expected results. Keurig Green Mountain. Sell force. Com despite better than expected earnings. We have exciting news. High octane analysis once reserved for elite investors willing to pay armies brought to you through cnbc. Announcing a strategic investment with kensho using the cloud to bring Historical Context front and center. Ceo and cofounder Daniel Nadler will join us live to show you how it works. It will be interesting to see what they bring on to the set. You can get complicated questions answered within seconds, apparently. We look forward to that later in the show. First up, a pair of retailers up sharply. Best buy reporting better than expected Third Quarter results. Comps up, too. Sales trends going into the Holiday Quarter are what they call encouraging. Williamssonoma beating the street with its Third Quarter results helped by improved online sales. Both stocks up 4. 7 . I like
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Trees were cleared to make room to build the house, but most of the wood is still there. “The wood used in building was the cherry harvested from the property, plus some elm and oak,” said Dan Nadler, who owns the home with his wife Patty Curran. “It’s wide open