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
dave look for showers to return later this morning into the afternoon. Dry weather will return to most areas by this evening and into tuesday, except for a slight chance of light rain in the north bay into early monday. A significant spring storm system may impact our region with rain and winds beginning wednesday of next week. marty landing breaking news. New airstrikes have hit the site of tuesdays chemical attack in syria. Activists in the city say airstikes hit friday and today. At least one person was killed and 3 others are injured. Its not clear who conducted these airstrikes. We will continue to follow the situation out of syria this morning on kron four marty landing our top story this morning. Three homes have been red tagged after sizable mudslide came rumbling down in the oakland hills. The slide also impacted an eastbaymud service line. Leaving more than 20 homes without water kron4s Lydia Pantazes shows us just how bad the damage is. pkg it started coming down our yard re
Victims of this corrupt system in every way. And this is your last chance to change it. Director himself has said he doesnt know whether the emails referenced in his letter are significant or not. Im confident whatever they are will not change the conclusion reached in july. But the bombshell not trending at social media at all. Plus, the massive manhunt in oklahoma comes to an end this morning. The fugitive Michael Vance killed in shootout with Police Last Night. One officer injured in that confrontation. We have the latest coming up. A Spirit Airlines flight evacuated after possible threat was made. We will tell you what happened on board the plane that has officials so worried this morning. General electric and baker hughes near a deal, some reporting the announcement could come this morning. We are the company has confirmed this is official. This is a 30 billiondollar deal as you see, baker hughes is trading higher this morning on this acquisition, we will bring you all the details
And there he potentially traders looking ahead to the long weekend. This is where we are right now. The dow and the s p 500 up less than. 01 . Lets take a look at what is brexit. G in terms of brexit happening seven days ago and we have pretty much a recouped most of our losses since june 23 when we saw those first days of losses. 1. 7 trillion wiped off the dow and a gradual return. To where we were post brexit. I want to show you the imap function. We are looking at six at of our 10 sectors in the green led by Consumer Discretionary and i will get back to that in a second. Ptolemy qe telecommunications up. Utilities and Consumer Staples down by about. 25 percent. Lets talk out of stocks. The major u. S. Players did, with their june auto sales and they as many in as well helped. Their stock prices are rising today. General motors up one point 5 . Gm said its sales fell 1. 6 year on year but it is still up. The estimate was about 7 . The company sold. 7 . Lets take a look at what is ha
Check out early trade, youll see green arrows. Major gainers looks like france up 1. 3 . Italy is also up by 1. 5 . Take a look at crude oil prices this morning, things down by 14 cents 47. 94. Fed speak holding attention. Patrick harker joined the chorus. He argued that a june data rate height. Who . Thats who he is, Patrick Harker. The fed meets june 14th and 15th. Harker not a voting fmoc member this year. So whether what he says matters, its a bit of debate. Do they care about the consensus around the taken. Whoa, that is thats marinelike. Yeah. Tight. I got sheared. Whoo summer thing. Acceexcept it rains every da. No, it doesnt. Saturday and sunday. Depending on which forecast youre looking at. Last week . Yeah. Its a little title. Did dealing with these things, well deal with it. Things could be worse. Hair loss is not the end of the world. You go short no, im just trying to figure out the right system. That is the only issue im not dealing with at this point. Yeah. This is like