Is this is week that tech took the market back. Tech is up 2. 8 . New all time high is the russell 1000 growth. Tech is back and tech is working. Every time we get the story well roll out of tech into value, it works for three or four days and we go right back to whats really happening in the economy is tech platform driving dijtization. Not only domestically but globally these companies are empowering it that Investment Team will be strong right through 2021. The russell will be interesting. If you can find companies because the russell itself actually has no return on assets most of the companies dont make any money. If you can find a mid cap company and its revenue domestic it doesnt matter who wins the election were going the war with china its going to have an impact on certain s p companies. You can find refuge in the russell 2000 i think you have to do your stock picking there. Im looking for companies with companies that make money by distributions and having nothing to do with
It boils down to a simple question, are we set up for a yearend rally or not . I think thats what our viewers want to know more than anything else. I think its possibly. A tug of war between high Interest Rates, geopolitical tensions, valuations that are high, and an economy thats strong, earnings are delivering and a consumer thats remaining resilient. I certainly think thats a possible outcome. Lets remember, if we rallied back to those july highs valuation becomes an issue again especially if its driven by the stocks that the magnificent 7 and rates have stayed higher, you have those same tensions at that point. When we look over the last two years, scott, markets havent gone anywhere, since june, markets havent gone anywhere, but were seeing a loft opportunity you underneath the surface because of the narrowest of these stocks, so i think the answer is yes, you have to be a lot more selective. 11 of the s p 500 reporting this year, netflix and tesla, those are critical. Yields are
Big in content with the launch of a primelike service. And pepsicos new pledge to slash calories in its beverage. Sarah eisens exclusive interview with the chairman and Ceo Indra Nooyi. Bryan moynihan says revenue growth, risk management, cost down three, trading revenue up 18, fic trading up 39. Numbers not quite as good as jpms but better than citi in some cases. Yeah, book value of 17. 14, impressed by expense control here. Really excited about the Wealth Management growth. Theres a lot here to like. And its not like the old days where talking about the Justice Department has decided to crack down on this or that. And by the way, oil and gas literally seven months ago we were worried about losses. No, big drop in worries about the nonperformers in oil. So this is a clean quarter. The problem of course is that this market is you need a rate hike, but if we had a rate hike then the whole market goes down. And we got stan fisher speaking at 12 00. You know, stan sell them fisher, thats
Steve male announcer this is the bay area news station, kron 4 news starts now. Steve breaking news tonight. Police in san jose have re captured an escaped inmate. Any minute we are expecting a police News Conference. Steve im steve aveson. Add that i vicki vicki and im Vicki Liviakis in for pam moore. We are also following some developing news two people shot near an east bay freeway. An update on that story ahead. Vicki but first the latest on the escaped inmate. We first broke this story during our newscast at eight. Tonight we have video of the escaped inmate coming out of the home where he was holed up. This after a hours long standoff. Hot add that i had him steve steve Rogelio Chavez was one of four inmates who escaped from the Santa Clara County jail. Now all are now in custody. Jr stone joins us live at the jail. Reporter police re captured the othe inmate 26yearold Laron Campbell. Late last night. Officers received a tip. That campbell was hiding out at his sisters antioch ho
With news of the viacom settlement. Europe is in the red. To the tune of about half a percent. Oil stud stedsy but on track for the strongest weekly gain in four months. Our road map an end to the saga at viacom. Fell leap du monde stepping down. Faber will join us with the details of what the company may look like. The stock market and election. Why equities may be the tail wagging the dog of Donald Trumps poll numbers. The latest from rio as it appears the ryan lochte story enters the final chapters and usain bolt takes home another gold. Viacom expected to announce a settlement with Sumner Redstone to end the battle over control of redstones media empire. Terms would result in du monde stepping down as ceo and would receive a 72 million severance package. It appears to complete Shari Redstones victory in all of this and sets her up for deciding a lot of things Going Forward as the Company Needs to focus on repairing the paramount situation, ratings as we said good buy to larry willm