Hes also the proud father of an eighth grader he says is a top student in the Philadelphia School district. While at work today, williams got word of the emergency funding from harrisburg. Thats good, but thats not a solution. Reporter the shortterm effects, children in philadelphia can return to the classroom after winter break without wondering whether schools will close. The district had warned that it could not meet payroll beyond january 29th without some relief. As for the governors hard line in this budget battle, the superintendent is backing him up even if it means the longterm funding is still up in the air. Im in 100 support what hes attempting to do in order to get more money for Public Education across the commonwealth. This budget is wrong for pennsylvania. You heard Governor Wolf with strong words for the legislature. Do you have a message for them . Look, im trying to educate children here, so im not an elected official, im not in office, but i do we do need revenue to
Prices for the redemptions. This has roiled through this high yield space, as Many Companies have gigantic amounts of debt. They took on durg the days of easy, cheap credit in the housing days. Those days are over. And these junk bond funds, particularly the mutual or open funds, are proving to be disastrous investments. I urged you is to sell the stocks of any companies that are borrowing money to pay their dividends, which is the case of many of the oil companies. Now im including a mustsell for any mutual fund where you are risking your principal to grab a little extra yield. A mustsell. Ive urged you never to reach for yield since the show began. I am reiterating that admonition lets go to next weeks game plan. First, well be on the lookout for more stories about Mutual Fund Redemptions just like we had today. Theyre going to dominate the headlines, because Financial Advisors all over the country were calling their clients all day today, urging them to sell junk bond funds so they
Ground and pulled off the life alert. That made bonnie made. When i fell down and she yelled at him for the falling down and he came and picked me up very gently. He demanded cash and they gave him a small amount and then he left. Thankfully they were not hurt. What is going on . Police dont know the motive for the robbery, they say that drugs are a possibility and this is a reminder no matter how old you are never open your door to a stranger. Good advice thank you nora. A philadelphia man accused of gunning down an aspiring teacher for his ipod is found not guilty. And jones is already serving life for killing a witness in the case, beau zable was killed a few weeks before starting a job in the philadelphia schools, there is no philadelphia evidence linking jones to this crime. Philadelphia police used a gps tracker hidden in a stack of money to track down a man wanted for robbing a bank this morning, one man indicated he had a gun and the teller handed over the cash but little did t
They ultimately confessed to a crime, dna evidence later prove they did not commit. We learned a lot since the central park case not to jump to conclusions. Reporter since then interrogation techniques have changed and are recorded. Detectives can still lie but not about everything. The public is also now more skeptical and not assuming an arrest equals guilt but the police insist the victims version of events in this case have merit. Both the victim and the father, the witness say the last gun used. Were still searching for that gun. Theres a lot more to dhoin case. Reporter among whats left to do is get dna evidence. Police tell us it will be another week before the rape kit comes in. They are looking to find out whats on the suspects cell phones. Reporting live from brooklyn, ida siegal, news 4, new york. A Home Invasion in middlesex least new jersey neighborhood on edge and launched an Intense Police investigation. Brian thompson is joining us live from that neighborhood in middles
Youre watching Market Makers here on bloomberg television. Friday in new york city. Im eric schatz sker. Im stephanie ruhle. This bill gross news is huge. No other way to describe it. An earthquake hit the bond market this morning. The bond king himself, bill gross, is leaving pimco, the Money Management powerhouse he cofounded which turned him into a billionaire. Hes moving to january us in Janus Capital to work for his former colleague. Pimco said fundamental differences led to the departure. Gross says he wanted to spend more of his time managing client assets. Bill powers is a former pimco managing director who has built his own property investing bills since leaving the firm four years ago. He joins us from nantucket. Great to have you on the show. Glad you could take time out for us from nantucket. Tell us, what seems to make the most sense to you . The idea that there were these fundamental differences between gross and pimco . Or this notion that gross is putting out there he s