Decades, ive been an investor. My highest calling ive often thought was private equity. Then i started interviewing. Ive learned from doing my interviews how leaders make it to the top. I asked him how much he wanted, he said 250. I did note due diligence. David and how they stay there. David you dont feel inadequate being only the second wealthiest man . Their granddaddys hewlettpackard. It was started in 1939. By 2015 it was two separate companies. Hewlettpackard enterprises and hp bank. Recently i sat down to talk about the success of the personal computer and the Printing Company following the split. So, which company is better . Hewlettpackard or enterprises or hp bank . As you can imagine, i have a very unbiased view. I have to say hp inc. It isnt only that we do printers and pcs, we think we are the company that is more flexible. We work to make employees productive, to make employees engaged in this is what we stand for. But your Main Business today is computers and printers, t
The way, lets look at how theyre doing. Theyre up. 9 . Lets look at the s p 500. There is the number on the s p. Down 23 points. Thats more than a 1 slide after hitting records, as you probably recall or maybe you dont, earlier this week folks. The euro getting closer to parody with the dollar. There is the euro. Down today. 108. Just takes 1. 08. Remember it was just weeks ago, mandy, that it was well below 2 . Thats absolutely right. Okay. Were also watching oil. Were only 90 minutes away from the close. It will be at 2 30 p. M. Eastern. In the second hour of power lunch well bring that number to you. The market is oelg off after the better than expected february jobs report. What has investors word . Lets bring in Burns Mckinney, Portfolio Manager at andrew maury, he is Portfolio Manager of the morning star five star rated aston lmcg small cap growth. Good to see you. Really feels like the market is having a bit of a tantrum here wrush know the jobs resetting the fed clock, and the
Bowe s boxilai. Andrew. Thank you, becky. We have a little bit of Corporate News this morning. Citigroup has suffered a significant decline in trading revenue. It threatens to decline the earnings. Theres a market wide earnings. Shares of blackberry today, the Company Warning on friday that it expects to report a huge quarterly operating loss. It plans to cut more than 1 3 of its global work force. Thats big, big news in blackberry land. Microsoft expected to announce a new surface tablet computer today, including a version with a smaller screen to compete with googles nexus 7. An event is scheduled in new york. Microsoft began selling surface tablets last year but sales have been slow. The changes to the dow are official. Visa, Goldman Sachs and nike are jumping into the blue chip index. Alcoa and hewlettpackard and bank of america, goodbye, youre exiting. Goodbye. If you went to sleep early last night, there are a few highlights from the emmys that you missed. Hbo dominated with the
This morning on the kron 4 morning news. For the first time in the agencys history, a bart Police Officer is shot and killed in the line of duty. And in this case. He was shot by a fellow officer. C kron4s mike dalton is live at the scene. Officers did not know if someone was inside of the apartment they came to search. All officers involved were wearing a bulletproof vest. They said the shooting is accidental but investigators are looking to see whether the other officer had accidently discharged his gun or miss took Sergeant Smith as a suspect or someone else in the apartment. Were staying on the story of what have appeared throughout the morning. our Team Coverage continues of the following are Police Officer tom smith. continuing our Team Coverage this morning. Of a bart Police Officer. Shot and killed by another officer. Thomas smith was a 20year veteran of the bart Police Department. And leaves behind his wife kellie. And their sixyear old daughter. Smith is the 36th officer kill
Hedge the geopolitical dynamics this morning. We begin with a big shakeup in the Dow Jones Industrial average. Nike and visa replacing alcoa, hp and bank of america in the benchmark index. But the markets dow included still facing head winds. President obama making his case for the nation tonight for action in syria. Mcdonalds samestore sales handily beating expectations with europe leading the charge. And just hours from now apple expected to unveil new versions of its iphone and other select products but could it have Something Else up its sleeve . But well begin with goldman, visa and nike being added to the blue chip index at the close of trading september 20th. Theyll replace bank of america, Hewlett Packard and alcoa. The indices says the changes were because of the low stock prices and the desire to diversify the sector and industry representation in the dow. Interestingly, although goldman, nike and visa are all beating the doubt for the year, hp is the best performance compone