Near oakland, low 70s in san jose. It will be a dry night tonight, but look what happens tomorrow. 2 on our storm impact scale. The rain lingers into your monday morning commute. It could come back by the end of next week, chris. Lisa, thank you. Terrifying moments off the coast of Monterey County. A diver attacked by whats believed to be a great white shark. The attack happened yesterday in Stillwater Cove off pebble beach. The diver may owe his life to two First Responders who happened to be in the right place at the right time. Abc 7s Cheryl Jennings has the story. Reporter the diver was spear fishing with his father 80 yards off pebble beach when the shark bit his leg. He swam to the surface to tell his dad what he had seen and when he was at the surface, the shark actually attacked him. Reporter officials believed it was a great white based on the bite marks. The diver managed to get his boat back to shore. You see a boat in the water, the subject to the side of her, yelling about
Investors remain upbeat about the economy and confident that it will continue to pick up steam. So here are the final numbers. The dow pulled backdroping 12 points. The nasdaq gained 20 and the s p 500 gained four. With a string of record runs in 2018 some may start to think this bull market is shaping up to be one of the strongest ever. Mike santoli picks it up from here. Rep the bull market set to reach its ninth anniversary ever which means investo who expect generous gains from here over the coming years are betting this bull run can become the greatest of all time. In terms of market gains, valuation, and the public exposure to stocks only the final years of the 1990s surge are higher than the climb that began in march of 2009. It might sound scary for those who remember the 90s market and the wealth destruction that followed but the comforting news is while todays market ranks number two it is quite a distance from the excesses of the one that closed the 20th century. The s p gai
40 tos brand value rose 150 9 billion thanks in part to the companys innovations like google glass. Apple sales is number two after three years in the top spot. Apples brand value is down 20 to 148 billion. Drop ins weathering a pc sales. Laptop and desktop shipments were up yearoveryear versus the downturn for the industry as a whole. And its Global Smartphone shipments were up. To rise itsexpected ipo later today. The online retailer that has a Business Model summer to amazon is seeking to raise as much as 1. 7 billion in its u. S. Ipo. Com has not turned in annual profit in contrast to another ecommerce site, alibaba. Welcome to bloomberg west. I want to welcome our special guest host for the hour, the founder and managing partner of capital fund. Great to have you here on the show. Great to be here. I am really excited. What is going on now . Where are you guys putting your money . We have had a couple of interesting things happen. I think it was wellpublicized what happened around
They started at 3 at the beginning of the year. Anybody looking for rates to go straight up has been completely confounded by this. A lot of different guesses as to why you would see the bond market still in a situation with the tenyear, below 2. 5 . Well talk a lot about that today. Central banks will be in his words, exceedingly on shortterm Interest Rates as markets emerge from the liquidity trap. He made the case for what he is calling the new neutral on cnbc yesterday. I dont think the worlds upside down. I think the world is pricing in and coming to grips with the fact that post the moment and post five years worth of healing in the economy and in the Financial Markets and in the banking system, that were on the cusp of emerging from a liquidity trap and that the fed and other Central Banks around the world are going to be exceedingly low on shortterm Interest Rates. Thats a brand new regime. We are calling it here the new neutral. Well be talking more about the new neutral with