Have chinese central bng. People saying that peoples bank of china injecting liquidity into the system and concerns of underlying the shakiness globally of markets and those macro worries of the chinese economy and willing to we should put it this way. One central bank or another or all of them. Upstaged our own fed. Other thing thats happening is a shocker in the Hedge Fund Industry. The California Public employees retirement industry, the nations Largest Pension Fund and done investing in hedge funds. This, again, one of the first to go into the investing in hedge funds. Saying the results dont justify the high expenses. Speaking to a reporter that broke the story and find out how the Hedge Fund Industry is reacting. Yeah. Could be the tip of the iceberg. Thiss the fear in hedge fund in business. If the biggest goes, would others follow . Well talk about that coming up. A lot of excitement, of course, the alibaba ipo on friday. But our own Herb Greenberg isnt sold on the chinese ecom
The statement says significant underutilization of labor resources and a very modest pace of wage increases thats picked up very little i see as essentially a reflection of that. The wall street journal. I want to come back to the Interest Rate projections that put out today. The public i think would be enlightened by knowing a bit more about where you stand in relation to these projections. And with that in mind and in the name of transparency, i wonder if you could describe to us whether youre at the low end of those projections within the central tendency or at the high end . I also want to ask you about a San Francisco fed paper that came out recently which suggested that Market Expectations have been running below the fed zone projections. So i wanted to ask you if you see that as well and whether its at all troubling that Market Expectations might not be aligned with what the fed put out today. So with respect to identifying myself, the committee has had discussions during the ye
Yesterday, the Semiconductor Stocks which lagged so much, back in play again today. Up 19 points at 3,504. So the dow and the s p making a twofortwo. This week, in addition to last weeks rally. Bob has the big hitters for us. Bob . Reporter not closing at the highs, but not far from it. A nice twoday run. Putting up the major sectors today. I want to note the transports were huge today. Very rare to see a twopercentage point, essentially, move, a difference between the dow transports and the dow industrials. Midcaps did very well. Look at the nasdaq. Thats a 12year high for the nasdaq. Russell 2000, historic high. The reason for the move up in the transports . Well, there was some talk and discussion and some rumors that mr. Ackman might be taking a stake in fedex through a new fund hes starting. Other stocks in the group, in the transports, like matson, csx, jet blue, all on the upside. And the outlier, the homebuilders, on the upside. My guess is there are some people betting that pe
Atsbouts amican it ts. Man at dyou an . Uebey paakesstraerri and eam eesecing starng ajust4. 99 ell ngs] itre weome dens ple e, wch o. Welcome back to the kron 4 morning news. The time is now 7 10. Were looking at a bigger than usual backup at the bay bridge toll plaza. Its backed up into the macarthur bay. Youre looking at 2426 minute drive time despite the fact weve been incident free on the span all morning long. Mark . Thank you, george. Bay Area Business news, hewlettpackard interim chairman is resigning. He said he wants to concentrate on personal health issues. Hes an active investor that own as large stake in the company. Hp says its board will discuss appointing a new chairman at its next meting. Coming up on the kron 4 morning news, california split into six different states. Thats what one person is proposing. Now its something you can vote on. Well have the details. New video coming. A washout in connecticut. Torrential rains across the state. Some people didnt make it out
Well look at whether this now will officially be called the most unloved bull market ever. It has been, thats for sure. Lets check where we stand as we approach the final hour for a monday afternoon on wall street. The Dow Jones Industrials average is now sitting at the highest levels of the afternoon with a gain in the session of 38 points. 25 higher. 15,503. Yes, unchartered territory. Nasdaq still 13year high, up 8 points,. 25 . And the s p 500, where it is also rolling around the record books here with a gain of 3 points, unchartered territory, as well, at 1,683. Bill . So will the records continue into this week . The dow and s p 500 on pace to close at alltime highs for the third day in a row. Joining us to break it down is Danielle Hughes that divine capital, michael and stan from s p capital iq and our own bob pisani. Welcome, everybody. Sam, let me kick it off with you. Were at the beginning of a week that will be very, very busy in terms of earnings. Whats your latest status