Fire. A warehouse here not fit for people to occupy. Oakland fire officials told them so it was day after thanksgiving and a patch work o extension cords that provided power that one described as an. That same tenant provided us with cell phone video just after 2 00 when it was fully engulfed. The appgarr warehouse caught fire and there were eight People Living in the redtagged structure at the time and they only had one entrance in and out that required them to sneak through a hole in a fence and lift a heavy garage door, every and window was nailed shut with garbage in front of and the two fire extinguishers they did find did not from an upstairs loft and one tenant escaped from the loft but saidt pregnant still trapped, too scared to move upstairs in the loft. So even though he was blinded by smoke, another tenant went in after her, feeling his way through the smoke. Battalion chief on the scene told me there was another fire here in 2014. And at least one person had to be rescued.
Favorably toward amazon when it punished apple after it posted a nearly 11 billion profit . Top tech fund manager will join us with his take. Spirit airlines the Company Calls unbundled air fares. Reporting earnings this morning. Well break down the numbers with ben baldanza. Steve guttenberg has a new movie. He will be live at the New York Stock Exchange to discuss it. Its got spdrs in it. Its going to be fun, tyler. We start with a move in the market. Stocks taking a leg down in the last hour. S P Energy Sector in particular having its worst week of the year. Its been a tough year. Joining our Closing Bell Exchange weve got steve dudash peter costa and rick santelli. This has been a dreadful week. I think theres been a plethora of bad news. What will probably happen next week, well have a plethora of good news. We need a good greek crisis to get this market back on track. You would like to hive that. Then the people in greece wouldnt be that thrilled about it. Its about earnings. You
Here with me at post nine, michael santoli, carl has the morning off. And to our top story, facebook fighting back stepping up its response to questions over the role of 2016 president ial election and alleged russian meddling taking out full page ads with the tag line we will fight any attempt to interfere with elections on facebook. Reportedly hiring consulting firms to better communicate with lawmakers in washington as facebook and twitter commit to sending representatives to testify before congress on november 1. Henry, this one keeps getting hotter. Brad smith we had at cyber summit yesterday was saying he had just gotten back from d. C. For the summit. This one is hitting lawmakers where it counts because this is about constituents, social. Thats politics. You are having a collision of most powerful media and Communications Platforms in the world with an industry that everywhere else has been fully regulated for years and the analogy would be if we discovered that comcast tv netw
Biggest number was online sales, addly, up 22 . Im seeing what youre doing here. Interesting there. Gaining after the bell moved higher as a result. Energy, big laggard, ironically, after the oil prices dropped, oil stocks went with it after opec extended Production Cuts another nine months, look where there may be opportunities in this particular market. Could this be opposite . Getting worse throughout the session, it feels like, with energy today. Yep. The stock that wont quit, amazon closing in at 1,000 mark per share, its at 996. A fund manager, why hes trimming positions. Fun fact, jeff bezos will be the richest in the world when amazon hits 1,000. Exceeding bill gatings at that point. Wow. Diesel pickups rigged to pass emissions tests, but shares hit, down roughly 2 on that story. We have the full story coming up in a little here. Tax reform seems to take a backseat to health care for the moment. House ways and means chair kevin brady joining us and whether he and the white hous
Nothing the last couple of weeks . I think the last ten days, weve been talking about the distinction between having a longerterm portfolio and wanting and needing the exposure to technology and really not touching the technology in the longerterm portfolio. This is a shortterm trading event. I think today we are bouncing. I dont think its over for a lot of the volatility that were seeing in the fang names we could see more, if you want to selectively buy in your longerterm portfolio, im fine with that, and as far as getting out of amazon, longer term, i dont think thats the right thing to do. Okay, difficult to get inside the head of somebody whos not sitting here to answer the questions himself or herself but weiss, what does it say when a guy who runs a tech fund at a big place like t. Rowe price, whos beaten 99 of his peers over the last decade has said enoughs enough on amazon and says the following when sentiment lifts, that is when we usually take money off the table. That is ha