Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing proposition. But today when you look at fair valuations across the board, i think now is the time over the next three
Andrew wilson from Goldman Sachs asset management, we get his call for the coming year. Fx head of global strategy. First things first, we are getting a little data from Euro Area Services pmi falling 53. 1. A little less than analysts forecast. Manufacturing rising more than expected. This is the picture of euro markets. Vix. W you fix because a lot of people saying we dont know much. Brought up the bloomberg dollar index. Eurodollar one. 1. 05. Here iss sebastian. The japanese president hopes for a breakthrough over a seven decade territorial dispute. The soviet Union Invaded the islands at the end of world war ii, expected to top the agenda at the meeting in southwest japan. The meeting will head to tokyo for talks on Economic Cooperation. New york may be the winner from any brexitdriven activity from the Financial Services of london. The house of Lords Eu Committee reports unless negotiations on both sides are pragmatic, jobs could go to wall street rather than paris and frankfurt,
When that track work wrapped up so thats a 45 to 60 minute delay for ace 1. Capital corridor just saying that same track work is causing delays systemwide this morning. Well take a look at drive times coming up in less than ten. We have new details on a fight between caltrain and a contractor that was hired to make the train safer. Both sides are now suing each other and all that safety work still isnt officially done. Abc7 News Reporter matt keller live for us in san jose. Reporter good morning, reggie and natasha. Caltrain says passengers shouldnt worry about their safety because of these delays, but caltrain has filed a lawsuit. Now, the hope is this system will help prevent catastrophic crashes like the one in Southern California back in 2008 and the one in new jersey this past september where people were hurt and killed. Now, the idea is those could have been potentially been stopped if there was a positive train control system installed. According to courthouse news service, this
Member told abc 7 news hes known as friendly, regularly attends wednesday and sunday prayers. Today at the family home friends stopped by to pay respects. How is everyone doing . Just sad. My cousin came here. So i dont know. What would you like people to know about her . She was a very nice woman. Reporter as we speak, he sits in the Solano County jail without bail. Hes expected to be by the weekend. Did the suspect confess right away . No. According to the chief, he was calm in his demeanor. He was in the house according to the police when his two sons arrived home, they found this woman dead in the garage. The suspect was in the living room of the home with his wife and the 2yearold child. It was only later here last night at Police Headquarters where he started to according to police open up about what really happened. Laura anthony reporting live in si sun city i. A bad accident this afternoon. An suv that flipped over and then ran into two other cars this afternoon. Sky 7 flew ov
Conditions in the area. Check out santa rosa. 46 degrees. Otherwise we are in the mid50s in San Francisco. 50 redwood city. 50 in throughout the tri valley. It is now 53 in san jose. With a few clouds drifting through, it will be warmer on the peninsula, 60s in woodside and atherton. La honda topping off in the high 60s. 70 morgan hill. Santa clara valley in the high 60s, low 70s. Outside number 73 degrees in brentwood north bay numbers 60s and 70s. Hottest day of the week still to come. Well talk about that at 18 after the hour. Roqui. Thank you. Mass transit by the way is looking good. No current delays to report. Lets start with the hot spot of the morning. The Altamont Pass traffic coming off 205 in tracy at just 18 miles per hour. So pretty slow in that Little Pocket area of red. North tracy boulevard to Altamont Pass will take you 29, 30 minutes. And then moving through north flynn road at just about 30 minutes. Bay bridge toll plaza into downtown San Francisco, now is a great ti