Heres sara eisen at cnbc Global Headquarters and Tyler Matheson in chicago. Good afternoon. The markets are up big. The dow gaining 230 points in just two days. Im here in chicago as was just said, at the morningstar annual fund manager of the year award. It is perhaps the biggest event in the entire mutual fund industry. Think of it as kind of the Golden Globes minus the alcohol. I will be somewhere between tina fey and if you watched sunday night, jacqueline bissett. Rea we are joined by the best managers in domestic stocks, International Stocks, Asset Allocation, fixed income and this year, alternatives. We will find out what they owned last year, what theyre doing this year and you will want to be asking yourself why the heck am i not in their fund if youre not. If you are, listen to this, our Domestic Fund manager, if you put 10,000 in his Small Cap Fund or his teams Small Cap Fund 15 years ago, 10,000 would be worth more than 50,000 today. And in the international category, that
For a Television Network called fuse tv. They will pay 200 million to buy the channel owned by Madison Square garden. Investors and economists will be waiting for todays payroll reports to see if the winter impact is finally ebbing. Mike mckee has more. We will call it groundhog day for the economy. Will the shadow of the long winter finally go away . We werergue about averaging 200,000 jobs a month. Then we dropped off after october. There was something going on. It probably had a lot to do with the weather. We are still quite cold in midmarch when they took the survey. Better than it was in february. We have had better data. We saw the Auto Industry report of best sales since may o 2007. We will see an increase of 200,000. There was another area, hours worked, where we were studied for a long time. About whena week for he seven months. Then, down the drain. That should come back as well. Another sign that things are getting a bit better. This will be the first jobs data that we get a
Cups of coffee as a canvas. Baristas making art out of laites. Good morning to you. Welcome to Al Jazeera America. Live from new york city, im Morgan Radford. Thousands of firefighters continue to battle the rash of wildfires in san diego county. Three me have been arrested in connection with the fires, and one has been charged with arson, two others face similar charges. Some of the evacuation notices have been lifted as fire crews gain control of the wild fires. Reporter the weather is cooperating with firefighters in southern california. Cooler, more humid positions are preventing flames spreading further. Its helped crews giping two of the child fires north of san diego under control. The focus is to secure the perimeter and go interior and work on the hot spots. Reporter for so many the damage is done. 20,000 acres burnt. Dozens of homes destroyed. In all, an estimated 20 million in damage. In one of the worsthit towns. We have a plan on living our lives here forever. The stuff he
Then back here the house directly behind us. This is the home where the tree lived, if you will. Red tagged. It is 1 of 10 that was damaged but it is the only one redtagged. You see the red caution tape, the danger do not enter tape all around the house that sits here and the roof is all caved in as well. Aroundn cack you cant see it from here. This happened just about 1 15 yesterday that the massive redwood was hit by lightning and basically it exploded, by all accounts. Thunks of wood were sent fchunk were sent flying over three blocks. Peoples homes had their windows shattered and it really sent a scare through the entire neighborhood. It was literally explosion. It was like a bomb going off. It was violent and the shockwave, i could feel it in my chest. Reporter huge pieces of tree. Everything from huge pieces to little splinters all over the nand. He city crews came out, tried to board up some of the broken windows, clean up the mess that was left behind. Had this morning i can te
News coming in. It was the philly fed that looked like things were turning around. Yeah. Higher in western europe, becky, but an entirely different story in russia. Lets get to that. Russian deputy finance minister saying he expects no big Immediate Impact from western sanctions on russias financial sector. And he argued that the countrys creditworthiness has not worsened. U. S. Imposed a second wave of sanctions on moscow yesterday, and the European Union is expected to announce measures over russias moves to the next crimea region of ukraine. Russian officials criticized the downgrade of russias trading outlook. Saying there was no basis for the move. The s p and fitch provides their longterm assets on russias debt from negative to stable. So far, the russian markets are feeling the pinch. The russian rtx down almost another 3 right now. While the broader miex micex i. Their version of the down is down over 21 over three months. It is down 24 over the past 12 months. Nothing short of