Black blocked off. Allie rasmus has more. Reporter this area is still closed off to traffic. Even people who live in the area are having to show officers their i. D. S to get past the crime scene tape. The investigation is still ongoing. It started around 8 30 this morning when an Oakland Police officer responded to a call by herself of an assault in the area. Now, police wont say who made the call. They wouldnt grifern us any more information surroundth assault but they say when the officer arrived, the man was outside. A physical confrontation broke out. The suspect struck the officer with a metal object and thats when she discharged her firearm shooting the suspect. He was pronounced deceased by medical personnel. Reporter now, a witness doing some landscaping work outside in this area saw this conflict happen. She told us in spanish that the man used a metal chain to hit the officer in her face and neck. [speaking in spanish] reporter now, the woman told us it was a horrible, distu
The way up into these numbers. I think well start to see some of the numbers actually come back into these financials theyve lagged, they havent performed. They had that great run after the president was elected and theyve basically poaused. I think its ready to finally start to break to the upside weve seen the kind of option activity that tells us right now, its not just the individual names, the entire xlf. People come in there and buying huge numbers there, looking for more upside. And it doesnt headquarter that yield curve have been cooperating so far this week in just the past week, were up about 0. 1 on the tenyear yield curve. But its not even just about where rates are going with the financial names that were in. Theres so many other reasons to own these big banks, and especially with ccar coming later on today, its a situation where youre going to start to see some of those buybacks potentially coming back. You already heard yellen talk about the strength of the banks already
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales
As for european markets, you ask, lets take a look at how we fared on the big three or are faring. All up with the ftse in the uk the biggest gainer so far. The tenyear note yield, certainly a focus since the election. Wow, still cant quite get over it. 2. 228. Where were we before the election, 1. 7 . I checked in for refinancing and its already changed dramatically. You had to make your move. They adjusted that one so fast your head will spin. Oil up this morning, which is a bit of a change and brent crude at the bottom there. Our road map starts with another record close for the dow. Thats six Straight Days of gains, but the s p and nasdaq were down. Plus a beat in a race for home depot as retail earnings kick into high gear. And the white house transition continues. Mary jo whiteout at the s. E. C. As the Trump Administration begins to take shape. The dow aiming for a seventh straight day of gains after hitting a record high yesterday. Warren Buffetts Berkshire hathway buying airli
Immelt. Adapting to a new media and Political Landscape following Donald Trumps surprise victory one week ago. And efforts to control hate speech onity platform, google banning new fake sites reportedly from using its proprietary Advertising Software and facebook continues to push back saying fake news on the network helped skew the election in trumps favor. Nick, question this morning in my favor . At large is facing some kind of identity crisis. Its interesting. I wrote a column for vanity fair in april that said Silicon Valley created donald trump. The backlash i got from that was insane. People saying it was nonsense, there was no base to it, i was making stuff up. Now theyre all realizing that they did. You know, there were no rules, no regulations, no anything on these platforms. And trump used that to his advantage. And, you know, it was propaganda. It was lies. It was fake news. It was everything. And these platforms did nothing to stop it. Now, finally, theyre looking at thems