Level as the controversy continues. President biden met with his Economic Team at the white house today, the administration has not yet said much on the controversy only saying talk to the sec and the feds are monitoring the situation. Strong backlash by some lawmakers including alexandria ocasiocortez and republican ted cruz. Republican senator josh hawley talked about this on fox news earlier. What youve seen with this gamestop meltdown that wall street is having now is these folks at home have got more criticism and more scrutiny than the people who singlehandedly crash the entire Financial Market in 2008. And they got bailed out, the government bailed out those people. It shows you that the fix is in. John White House Correspondent Kristin Fisher picks up reporting for us on this friday live on the north lawn. For the third day in a row, the white house is declining to weigh in on this controversy that has consumed both wall street and main street. The White House Press secretary w
It will pick up this evening. Very warm today. Nationally if its quiet here it must be active everywhere else and thats about the case. You could see how everything goes up in over the ridge of High Pressure and drops down. Montana and north dakota into the plains and look at the low in the great lakes. Most of the country has very active weather and as you can imagine, cool temperatures. Some very cold ones as well. A lot of snow coming in over the next 57 days. Not here. Its record heat. We seen this so many times. Sfo, 87 yesterday breaking the old mark of 85 in 1965. 80s for the forecast highs today. Near 90. They are all away above. 82 and 60 for the city. They hit 60 and are now at 63. Way above average on both. It looks like a pattern were not much will change but as that system digs into the intermountain region, the wind will pick up later tonight into tomorrow. Not too bad now but it is a north, northeast direction from many locations around the bay already. 40s, the fees and
Link and aaron brown with us as well and mike wilson here, Investment Analyst and chief executive officer. The russell 2000 is bucking the trend all the way on the righthand side. Mike, good to see you. Welcome back. Thanks. What do you make of the russell and what it says about where we are in this some rally . Other than torturing people its been a wild ride this year with the russell fortunately a couple weeks ago we doubled down on our smallcap call making the claim that we thought the tax had been priced out of the market which is really probably the most important thing thats driven the russell. I think you really have to go back to november and instead of looking at the yeartodate performance, you have to look at the russell prior to the election and if you look at it that way its performed in line with the s p 500 so we look at the last four months as a consolidation of the initial gains after the election which was tax hopeful and now we think were seeing signs and in fact we
Good evening. Im eric thomas. That breaking news is in the east bay, where police are searching for an uber drivers car after the man was abducted at gunpoint in San Francisco. The driver was forced to drive to richmond. Lets get straight to abc 7 News Reporter Melanie Woodrow, whos live in richmond. Reporter that uber driver is here at Richmond Police department after what was likely a terrifying twohour or deal being forced to drive around at gunpoint. We have the video to show you of the uber driver. His face is blurred because he has asked us not to reveal his identity. He tells abc 7 news that he was off duty in San Francisco, his doors were unlocked when two peoplea i man and a woman, jumped into his vehicle and demanded that he drive around. He says the man the woman had a knife. He drove, as you said, all the way to richmond and at some point was forced to stop at an atm to take out moneyx that is when he says he made his escape. He made his way then to the Richmond Police depa
Green all around in the yeartodate performance. We have seen a bit of a faltering in the past month or so, particularly in tech. Aggressive for equities, which have been the performer. If you compare them to bonds or commodities. Looking at the dow and s p, both up about 8 , despite the nasdaqs underperformance over the past month, up 14 year to date. Which came out strong out of the gate after the election have waned to some extent, up 4. 5 on the year. Over the course of 17 2017 thus far, all of the averages have hit records that one kind of one kind or another. In the s p specifically, here are the test performance stocks. We have this Pharmaceutical Company up 75 year to date, blizzard has been a big acquisition, 60 . Andthe invisible line align technology entered the s p 500 this year, a reason for that 56 gain, and wynn resorts bouncing back on more optimism casino return. And we have a couple of commodity producers here left, and aon the couple of retailers on the list. Macys ha