Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi
Basis points reduction and that has perhaps helped. Certainly in the uk itself as you see the ftse 100 up 1. 3 . Our 10year note yield hovering lets call it around the 1. 5 level and crude, which has been an important story in the movement of our broader markets during the course of this week, look the that, flat, 40. 83 after dropping below 40 this week. Lets get to our road map and it does start with the bank of england rate cut as it ripples across the globe. Markets we will get mark carneys take. Major media earnings, fox and viacom shares both moving this morning in different directions. Whats behind the quarters at fox and viacom, what about the turmoil. Frankly at both companies. Tesla misses estimates, but that didnt stifel, what is this all in the family, stifel elon musks optimism. We hear his outlook for the companys future. Futures on the rise a bit this day after the dow broke that sevenday losing streak. The bank of england cutting its benchmark Interest Rate for the Firs
Well, its a really great honor to be here and to be back in new york. Were on a 100city tour for the 20th anniversary of democracy now . And i also want to shout out to my colleagues, norman and dena and aaron over there in the back and the volunteers and the interns who are helping out. Democracy now is a joint effort, a joint project, a brain trust, a Remarkable Group of reporters and producers and videographers for the last 20 years. We didnt think it would go past nine months. It was the only election broadcast in 1996. I was asked to do the show when i was in a safe house in haiti and the first coupe. People who announced for office could be gunned down. People who would go to the polls would be gunned down and still the overwhelming number of people voted. But in our country when i was asked to do a daily election show sitting there from that advantage point, many people didnt vote, facing nothing like the adversity that they faced in haiti. But most people didnt vote. And i thou
Mark lee his lawyer a former federal Prosecutor Says fattah is not guilty and the two former aides are out to save their own necks and their lack of credibility he says will be revealed here. Brian, at this hour an fbi agent remains on the witness stand presenting various documents related to the case. The key government witnesses will not take the stand for quite some time down the road. This trial is expected to last about two months. Live at the federal courthouse in center city, im vernon odom, channel6 action news. All right, vernon thank you. We have breaking news right now out of Gloucester County. This is the scene in Franklin Township in the 400 block of harding highway where firefighters are responding to an active fire right now. This is apparently a chicken coop burning also on route 40 again in Franklin Township. Apparently 911 calls were coming in, reports of a brush fire in the area. When crews arrived they discovered it was a chicken coop. No word at this point if any a
Than 120,000 during his stint at the sterling fire department. He started his new post in eagle county a few months ago. These are pictures from his swearing in. On the eastern plains, Sterling City officials releasing a statement in part saying the city of sterling will not tolerate any misconduct by any city or former city employee. To maintain the Publics Trust and integ rid, the city has already strengthened its internal controls. The vel being told they are held without bail until they go before a judge. The d. A. Telling me by phone the Investigation Continues and more charges could be filed. We have learned all of this investigation started when several pieces of firefighting equipment turned up missing. There were some red flags in the bookkeeping as well. Officials theyre gonna do moving forward. For now the chief is on leave. Matt kroschel, cbs4 mountain newsroom. A large grass fire in eastern Arapahoe County now under control. No homes were threatened. Firefighters are looki