cremated remains traveled thousands of miles from the east coast and are finally here at san jose city hall where he will lay in state throughout the day. the community came out today to say welcome home. as norm mineta landed at the airport that bears his name, while his motorcade passed through his childhood neighborhood of japantown, amidst the outpouring of love and respect, it all begs the question, was he a friend, a hero, a public servant? perhaps all of the above. blanca alvarado was a close friend. these moments of reflection are a tribute to a man who was everybody s bff. reporter: as the procession winded down fifth street, mineta s wife dani looked on and the young children at lotus preschool. today they learned mineta was san jose s first asian american councilmember and mayor, who served ten terms as a u.s. congressman and later as transportation secretary. knowing that mr. mineta has come from the san jose japantown community, it makes a difference. and m
Check things out today because we have now seen already 69 record closes for the dow this year if there is another record close today, as you would indicate if you see these gains again, this would be the most record closes weve ever seen in any year for the dow. Last record watts set in 1995 and that was a record of 69. The s p is already in record territory. Weve seen 61 record closes for the s p and thats compared to 18. The dow indicates almost 24,800. You see what im looking for. I cant see your screen. Its a map of south america because the train the sorkin train was oh. No, no. You said san paulo. I was down in san paulo where am i now youre down across from the falklands. The train is. Youre still here youre here i missed the train, as you know youre still in jersey, i think, camden or something not even. I havent left the island of manhattan. Seriously. Im stig thinking im like just hanging outside of penn station. The sad thing is, i had to look to figure out which one i knew
Details coming up during this final hour of trade today. Worst day for stocks since september of last year. Financials and tech are hit hardest. Tech especially had been leading us all the way to the upside. Weighing on the dow with two price components, goldman and apple down about 5 and 3 respectively. The question is will the sell off last. We will talk with Jeremy Siegel, he will join us and talk about why he thinks it is a great buying opportunity right now. Of course, he has been bullish on this market for a while. And dig kovacevich and don peebles will join us to discuss the president s strategy and whether he can get republicans on his side. Why is the Market Selling off today after a series of stories that seemed like scandals over a couple of weeks . A number of notes have been passed around on wall street today with people speculating on all of that. Programs dan clifton of stratega summed it up in his note. He said this morning, and i quote, the past eight days are like no
Moving with the fluctuations related to the headlines about whether or not theyre going to vote. Do they have the votes . All the different scenarios and what they mean for your money. Dont move. Weve got a busy two hours of power lunch. Starting right now. Good afternoon, everybody, and welcome. Im Tyler Mathisen. Before that final, we think, house vote on capitol hill. Team of reporters are standing by. John harwood is standing by in our newsroom. Lets kick it off, though, with Kayla Tausche on capitol hill. Kayla . Reporter tyler, there have been some reports that say the report is in jeopardy. Politico say there are signs hours before the vote. Quoting some leadership saying they dont know which way the vote will go, despite the fact that they have been trying to whip members and calculate votes throughout the morning. At this moment the Vice President is huddling with members of the Freedom Caucus a short distance away from the capitol at the Capitol Hill Club holding an offcampus
It is up 3 today as a matter of fact. There we go. We begin with the Worlds Largest fund Company Turning to machines to pick stocks. Legalsly picker joins us at post nine with that story. Hey, guys. Stock pickers are out and machines in. Black rock is overhauling active management business, conceding beating the market is hard and expensive and computers can do a better job for less. The revamp affects 30 billion of black rocks five trillion dollars in assets to start. At a high level the plan involves adding more technology and data science to the art of portfolio management. That means fees will be sliced in half for customers, saving them 30 million annually. The firm says it also means that some Portfolio Managers will depart. The firm is offering new products including those under the advantage brand, which gives Retail Investors access to black rocks Quantitative Investment strategies. Keep in mind though this is still more handson than black rocks wellknown etf business. Some sa