Forecast for global growth. The business ramifications of a post fidel castro world, will the president elect reverse the thawing of relations . Plus, the American Consumers back, at least according to estimates from the shopping weekend. But did retailers benefit . And at t goes over the top, another Online Service aimed at cord cutters. Were going to have those details in a moment. First up, a new trading week after the three major indices closed friday trading at record highs. Same goes for the russell which is coming off its 15th straight day of gains since february 96. Small caps up 12. 7 since the election. The russell, guys, only had two streaks longer than this one in its history. This is remarkable rally because its based on everything that this guy says. Like anything that trump said is going to come true. And i think thats because people just feel like the republican partys going to fall in line. You know, i have to tell you that the agencies control a lot of what happens to
This means. Welcome to the show once again. Good to talk to you today. You with me . Can you hear me . I can hear you now. What are you making of this news. Im holding the suit in himy hands. Is a big deal. You have one of the largest mutual funds saying your business was a fraud for a period of time and that you cost us 70 billion as a group. So this is something weve warned about and this isnt playing around money. This isnt write a check and move on. This is big news. At the same time was any of this to be expected just given where the news flow around valiant and filla dor had been within the last 12 to 18 months. I think so. I think when you look at the news flow for the first half of this year, we knew there was a problem. We knew what they said and did may not have been matching up so the fact that there are already other lawsuits, this isnt the first lawsuit, but this is from a big named company thats not used to going after companies they invest in so im sure they didnt take i
Second amendment people to unify and not inciting gun owners. Is on trial,ident accused of breaking the budget law. Met withpresident Vladimir Putin in st. Petersburg , nine months after russia imposed sanctions on turkey for shooting down a russian fighter plane. He hopes turkey will restore Constitutional Order in the wake of the failed coup attempt. Theresa may faces a long list of daunting demands from the 27 when the eu members time comes to negotiate britains eu relationship. Bloomberg west is next. Emily i am emily chang and this is bloomberg west. The lay of the land over at disney. The medias german joins the road ahead. Clouds may be clearing oversold her city and elon musk surprises at the other end of the Earnings Call. How we explained teslas acquisition of his cousin solar company. Yelps Second Quarter comes highly recommended. We will watch their dust walk through the latest Earnings Report card. Elon musk joining the solar city Earnings Call as tesla prepares to buy up
These thunderstorms dont really relieve any of the heat and humidity. If you head to the linc, factor in the humidity levels, heat index in the 90s. Ill talk about when relieve is finally on the way in the full accuweather forecast. Thank you cecily. In the meantime, use stormtracker 6 live double scan to keep an eye out for the popup storms, its one of many tools available 24 7 at 6abc. Com weather. And stay connected with our meteorologists on facebook and twitter. We have breaking news to get to right now, a live look right now from the grown as a gas main caught fire in atlantic county, the action cam is live on the scene in Egg Harbor Township just off the garden state parkway at stillman road, the flames are billowing up into the sky. No one is hurt at this point and gas and power crews are on the scene shutting off the goods main and trying to get this one under control. As we get more information well pass it along in our newscast. Brand new at 4 00, police say they caught one
Pennsylvania where Congressional Republicans are holding their first joint retreat 11 years. We begin with scarlet fu and Lisa Abramowicz with an international shocker. Switzerlands central bank there was an email to Bloomberg News the ceo of the swiss exporter wrote words fail me. What did things look like after the dust settled . The dust settled in switzerland and it is not pretty because the exporters alterable on expectations that the swiss bank surgeon value makes its a much more expensive. We saw the stocks tumble and the swiss market index down 25 . The most in 25 years, 8. 8 . U. S. Stock Index Futures up 1 then down 1 . Settling lower because of bank of america. A little bit call for now. Calmer now. Just based on twoyear treasuries what is todays move by switzerland mean in terms of the fence thinking feds thinking . Theyre having the rhetoric that they are looking at u. S. Economic growth, they wont be finger to the wind, fairweather bankers. They want to stay on the course