Good morning. I hope you had a Great Holiday weekend. Great to be back with you. I always love talking herbalife but for now, we will get the news feed from the top business stories around the hedge fund, that supply company says it will return more money. Goldman sachs revised its forecast on when Interest Rates will survive. The forecast was revised after report. Ks strong jobs japan warns of the storm will and the windmorrow may reach up to 160 miles an hour. Plus fireworks in the sky. Fourth of thehe weekend. Today, they are trading down slightly eerie trading the fed and looking ahead to secondquarter earnings. Jonathan is the chief u. S. Market strategist. Down 17,000, although seven 2000 and one at the moment. How long can the rally last . Not an easy question. A lot longer. One thing about the really slow overy is that it is likely we are your five in the 10 year cycle. We will talk about dell 20,000. You subscribe to the new neutral, the new normal. Before we a long time are i
Kqed newsroom. Im thuy vu. California democrats gather in los angeles this weekend for the states partys convention. While its not quite as glamorous as last weekends academy awards, there is a lot riding on this Election Year. Scott shafer leads our analysis of what the party faces as it gears up for november. In many ways, its the best of times for california democrats. The party holds both u. S. Senate seats and every statewide office from governor on down, while the Republican Party struggles to rebrand itself. Still, theres plenty for democrats to worry about, starting with political scandals that have cost them their twothirds majority in the state senate. Joining me to discuss what challenges may be ahead are democratic strategist chris lehane and scott detrow, Sacramento Bureau chief for kqed joining us from los angeles, where hes covering the convention. And scott, let me start with you. What impact are these scandals, including the investigation of senator ronald caldron of s
60 something, down about 100 bucks and you havent seen a bounce the day after a product introduction. And thats a surprise to me. Stuart well see the day after isnt done yet. Stuart thats true, okay, okay, early days. Nicole, thank you indeed. The economy, im going to call it tepid at best. We really do not have a robust recovery and you cannot say that. The 2 growth rate over the summer, thats it. And joining the company is brian wesbury, hes the chief economist at First Trust Advisors and im calling it tepid and im saying that its still the worst recovery from a major recession, how do you see it . You know, stuart, i wouldnt disagree with the word tepid. I call it a plow horse economy. And weve talked about that before. It clearly isnt a race horse, its a plow horse, but the plow horse, metaphor, if you will, i think is important because lots of people think that just because its weak, it means its about to fall over and thats not true. A plow horse moves slow, but its really a stur
Hours before crews capped it. Residents were worried about a repeat of san bruno, not the case, fortunately. Nick smith joins us at the scene. Reporter pg e described it as a gas pipeline break. All clear given just afternoon. There were in injuries and no damages to homes residents were allowed to return home after being told they need to evacuate at the sound of fire engines. I was like, oh, my god a gas leak. Reporter doris lives less than a block from a gas fire that burned for hours in oakland. Seeing these flames, she feared the worst. I came out i was startled at the fact yellow tape was across my street. From sky seven, you can see flames several feet into the area over a space that dhufrz intersection. Crews evacuated several homes in the area. They realized this is no ordinary fire. I realized this doesnt look right. Its Straight Lines of fire in concrete. A leaky pipe was blamed for this explosion that destroyed a condo two years ago. A plastic distribution pipe was found to
Today investors dont seem to care about that. Theyre happy with the results. The stock is moving, having its best day in two years. Well speak to a major shareholder and ask how long that will last. That 7 for 1 split i think a lot will agree is a move to make it more eligible to be a member of the Dow Jones Industrial average if they have a smaller stock price at that time. Later this hour well be joined by qualcomms brandnew ceo, his very First Television interview. Also etnas ceo mark bertolinp. Dunkin brand ceos. Weather was a problem. But people need coffee still in the bad weather. And the Union Pacific ceo, jack koraleski. And there are a lot of earnings after the bell. Mega earnings news continues. Amazon, starbucks, microsoft, visa, pandora, just to name a few of the names that we will be getting Earnings Reports. She may be small, folks, but shell have it all for you in this 4 00 hour. Weve got our reporters geared up, instant numbers, instant analysis, know how it affects yo