Robert honda is at jail now gathering information. If anything changes during this newscast, well bring it you. More details on the intense scrutiny that jail has been under for months. Three jail deputies facing charges after allegedly beating an inmate to death. And last month lori smith used her own money to buy surveillance cameras and days later, another brawl caught on camera, leading critics to ask whether that fight was staged. Requiring companies to give six weeks of fully paid leave to new parents. Nbc bay areas Stephanie Chuang is in the newsroom. Sounds good for families, right, time to bond but some arent hot on the idea. Owners of small to midsized businesses. The idea would almost double the current statemandated amount. A state Insurance Program fits that bill. Scott wieners proposal woug require companies with 20 or more employees to pay the other 45 of paid leave. Nationally half of firsttime mothers take any paid leave and he wants to encourage new parents to take ti
Goes on every day among professional Money Managers who are trying to figure out where next to invest their cash. And we saw it play out huge today, dow surges 165 points. S p vaulted up, and nasdaq 1. 45 . So a sure sign that the big boys are liking what they see and willing to pay more for it than just last week. I know that many individual investors like you at home now think their money should be put strictly in the index funds or of etfs and im in very in favor of index funds. Remember, you should put your first 10,000 in an index fund so you can get the benefit of diversification. I prefer the s p 500 index fund. It doesnt have to lower your reward and once you saved enough money of individual stocks i have to say im not a big sector oriented etf man. I say many of the etfs arent being created for the benefit of you, the investor. s its so the issuers can make money off them. Frankly, theyre pickoffs. Products created to take advantage of whats hot, like the restaurant stocks. Cy
Latest information. Heres a live picture from sky 7hd over a geothermal plant near st. Helena which has been damaged by the fire. Apparently cooling towers have been lost. You can see the scorched earth around the facility in st. Helena. Firefighters say the fire is just jumping so quickly because of the winds theyre contending with through the area. You can see smoke rising from inside of the power plant. We know the winds are bad. Its warm. And of course, four years of drought has created a situation that is just treacherous. This is what we had feared all summer long. That a fire like this might take hold, and that is certainly what happened in this case. Now lets go to cornell bernard, live in middletown. Residents lost a lot of homes in. Reporter its trulying extraering. So many homes are gone after this fire storm engulfed much of middletown. Im standing in what used to be the driveway of a home here on as you can see the shells of appliances, barbecue, part of the the ferocious
A lot more to come as eventually theyre going to let evacuees back in. That day has not yet arrived. Its still the case that these roads are dangerous. There are downed power lines. The roads are not navigable to some point. We had to hike a 3mile roundtrip to get up to that neighborhood where the woman died this weekend. Im just thinking as fast as this thing got started on saturday especially, it seemed like the emergency crews just like the homeowners were pretty overwhelmed by this thing. Absolutely. It happened so quickly. We just heard it from fire officials, from people who evacuated, theyre watching those flames come over the hill. Theyre going, theyre not going to get here that quickly, then bang. They raced down the hill right in to this community and people grabbed what they could and left. In the case of this women, they had people calling in to the sheriffs department, there were so many calls and they were helping as many as 20,000 people evacuate. They just couldnt get t
Oriented etf man. I say many of the etfs arent being created for the benefit of you, the investor. s its so the issuers can make money off them. Frankly, theyre pickoffs. Products created to take advantage of whats hot, like the restaurant stocks. Cyber security. I have seen tons that are only meant for day trading like the commodity etfs and never lets us confuse regular people by giving a miss leading sense. I think the daytiming etfs should be labeled like cigarettes because prolonged exposure can be hazardous to your health, especially the one and two times of your buying power. I would never bargain hunt with etfs. And instead, like the vast majority of the pros i like to look for misvaluations. Stocks that are trading out of whack, with what we call the fundamentals that you often ask typically, that means stocks are trading either too cheap versus the sector or too cheap compared to the market as a whole or vice versa. But it can also mean stocks that are trading in the discount