Capital all coming to you less than 30 minutes from now. Between now and then we have news to bring you. Here are the top business headlines. I knew a. 2 stake in a natural gas company. Carl icahn a wellknown activist thinks this Companies Shares are undervalued. He wants talks with Company Management and might seek board seats. Shares are down 8 this year but in the premarket up 5 on the strength of this new stake taken by carl icahn. A new discount website is reportedly getting the Cold Shoulder from retailers the wall street journal says macys, amazon, home depot, are complaining about jet. Com they say theyll using links to their site without remission and companys are withdrawing products. Bank of america is planning on selling 1. 2 billion dollars of mostly illiquid home loans bloomberg reports there are selling five pools of nonperforming debt loans that have been modified and resumed payments and some have not defaulted. The move would extend a series of sales. A today matt a t
Moment earlier he toured the coastal 11. 4 . 15 percentage point swing. Areas. Well bring you the live and meantime a news alert on pictures from austin as soon as another retailer, this time its the president lands. But we begin today with an target event that shook the market ari levy has that scoop for us. Cnbc has learned that target overnight. North korea launching a missile is making a major move off over japan amazon web services. While stocks have made up early our sources are telling us that logs eds, more details about whether there will be an this is a longtime coming. Targets been hitting Amazon Official full u. S. Response. Has been hitting target at every hans nichols out at the pentagon with all of that have. Corner imaginable and most reporter we do have a response coming from the office of the secretary of defense, and they are saying, this is an recently in whole foods. Target is taking their money intermediate Ballistic Missile missile, irbm. It gives you an indicati
Youre bullish the market. I think it is a very good sign and if you look over 20 years, 30 years, 40 years, that actually happens they are playing catchup and thats a good thing. When investors, particularly index investors, are where they can still get some value and, of course, its small caps. Not only that, if you get these plans, and theres no expectation of market now, maybe some start to creeps in on tax, if you get infrastructure and tax in the u. S. The small caps will benefit tremendously for a lot of domestic issues trump is focused on i think they will do quite well. It helps keep the haters at bay. One of the arguments you can you make is, you know, small caps arent performing. Transports arent performing we hear all those lines all the time. Russell 2000, as we said, outperforming month to date. Thats a sign of a broadening and stronger rally. We talked time and time again about the rotation of the rally. Its between sectors and actually even between the s p and the nasdaq
Northerly wind, on the other side of the Golden Gate Bridge of mount tam. And current air temperature 65 in santa rosa and 60 in San Francisco and san jose. And three things to remember about the forecast. We are going to be up to 15 degrees warmer than what we should be for this time of the year. And sunny skies in the beaches and the inland areas and an improvement in the forecast, not until friday evening, when we see the return of the marine layer, all due, that would be the dry cold front, that blasted through the bay area. Knocking back the temperatures. While the heat is on. You may need to know about cooling temperatures and we have neda arampour, joining us live from San Francisco. Good morning, roberta. The north beach Public Library, air conditioning and water for a lot of folks, to help them stay cool. And want to show you real quick, right across the way, north beach pool, parks and rec opening the public pools today through thursday and a dollar for kids and six dollars f
That ges challenges are worse than anybody else in the market. They say its bod and could potentially get worse. So the problem with that kind of prognosis for shareholders is, you know, this this historically has been a orphan stock. Some people said i dont really need high returns. I feel like this company is going to endure and it will be like good enough or a market stock, and that has not been the case for a while the situation has been deteriorating. Its almost become a conglomerate, but in the negative connotation where people are saying why does this thing even exist in its current form, and, you know, maybe new management and some of the changes they are going to make cant happen fast enough. I mean, look, widely held name, a name you yourself had far different thoughts about lets say 18 months ago, had owned it you threw in the towel the best i know. It was technical. Im not like looking to get involved with the board. I bought the stock on a false breakout and i sold it for