Biggest monthly decline in a decade. Weve got the latest from a country already reeling. Absolutely. Better than the real thing . Alibabas jack ma says sometimes counterfeit goods are better than the originals. He outlined his plan for the chinese ecommerce giant. He said theyre basically the same goods made in the same factory. Well, the flip side of that, Signet Jeweler is under fire for diamond swapping. There was a bearish note on the stocks a couple of weeks ago. I think its a great deal of smoke. Some say, its old news and the company has intimated its not going to. So was formaldehyde at Lumber Liquidators until it was new news. Now the ceo is fighting back. In the meantime lets talk about the bridge it fears. Bob pisani measuring the brexit fear. Its brt breathtaking. Yeah, it is. Its a problem on both sides. Sort of a triple roymwhammy. Let me put up the bund here. Its been breathtaking. Remember, the bund yields were 2 going back to the early part of 2014. So its 2 . Thats pu
About whether investors should prepare for the worst in their portfolios. Joe, should they . Whats the message . No. In these plunging yields. No. The message shouldnt be theres a recession coming. Dont prepare as in 2008. Maybe a little bit of a 2007 moment. A look ahead what might be coming, but i think the proper thing now, no herd mentality in any particular asset class. A herd mentality in treasuries . No . Into utilities, but kind of warranted both on a fundamental and technical standpoint now. Make a compelling argument across the asset class chain for ownership of multiple things. One, own reits now. Take a look in the Investment Grade and high yields bond market. Opportunities there, especially on the financial side, and coming back to pure equity, scott, Consumer Staples are performing very well. Also seeing a lot of m a activity, whether jm smucker, mjm or something pete and i talked about. A simple u. S. Thing, oriented towards pizza. Dominoes. Pete, wonder if its time to b
But, we begin this weekends news from pakistan. Confirmation today that the leader of the taliban was killed this weekend in a u. S. Drone strike. One of those killed was taliban leader mullah akhtar mansour. The u. S. Says it pakistan denies that and accusing the u. S. Of violating its sovereignty. Trevor thats right, taliban. If you play with fire, you get taliburnt. Oh, you thought the u. S. Forgot about you because of the whole isis thing . Well, jokes on you. Because isis was just a dei could the entire time, bitches. Yeah, great work, boys, well done, well done on that, they fell for it they time to shut it down. Shut it down. Enjoy your summer break. Wouldnt that be the weirdest scam ever in history . You know what is strange about the story, its really weird, that pakistan dnt care that americas using drones. They just wants the heads up. That saul theyre saying. And the u. S. Is saying to pakistan, we towld. And pakistan is like no, you didnt, you didnt. The u. S. Is like the
With a car fire. Crews still blocking lane. It is slow. Not too bad. Maybe 10 minutes. I connected the drive time ten minutes to get to the 238 junction. A couple of problems in the north bay we will check on. We have break news from vallejo. More than 350 pg e customers do not have power. That is because of an early fire you can see where a car caught fire at 3 30 this morning bringing down the power lines and it spread to the dry grass. Firefighters say it threatened homes but they managed to keep the flames from spreading to the house. Pg e is on the scene trying to restore power to the initial as we speak. No one was hurt. Another story from vallejo, the search area widens for a missing bay area teen from vallejo. The one person who would know where she is now dead. The sheriff said that 19 year old Fernando Castro kidnapped pearl pinson on wednesday morning. It is believed castro took the 15 year old from her neighborhood. Castros car was seen in marin county yesterday morning bef
Part in the fighting. We have obscured their faces to recollect their identity. The two were arrested for assault, a felony, the other for misdemeanor battery. All seven arrested so far are teen ageers from the south by. We have new details about the brock turner rape case. Two people who wrote character references for the former stanfo swimmers are now backtracking the one is a High School Counselor from ohio and the sorry a childhood trend who now said she being vilified on social media. Details are surfacing about turner himself with pictures holding a bond and smoking a pipe refute claims that he said he never used drugs. The judge has sentenced him to six months a jail a fraction of the six years asked by the prosecutor. The judge is getting debt threats. [ inaudible ] she is someones gill or someones sister, but she is someone. Someone. All the case sparked a psa from the cast of girls, dedicate the ad to the brave survivor, in the case. Students on stanford campus are alert afte