Down for a fourth straight quarter and the stock down 10 well talk to brian grazer plus, ipads, keyboards, maybe cars well look at the trades from here. And dow being hurt by disney, wouldnt it . Im here. I want to wish you a welcome back, because we have missed you. To her point about specifically whats going on with that trade for the dow, if you look at disney shares, but for disney we would be up about 100 points on the dow. Were currently up about 5 the s p 500 is trying to get back to that 5200 level. Solidly above the 50day average price on a rolling basis at these levels for the s p were about 1. 5 away from record highs and 5 away from the lows we saw back in april. Thats a pretty strong move. The nasdaq up about. 25 generally speaking over the shorter term, weve seen yields drifting lower the twoyear note yield is at 4. 81 . The tenyear at 4. 43 . Crude prices up. 5 . Gold trades off a little bit and bitcoin sits at 63,574 check out some of these names. Amazon is one that we
Name . Well tell you which one. The action begins right now. That doubles every day, particularly bad. Biotech stocks posted their best in more than a month. The biotech, the ibb rallying more than 3 this week. It comes as the group lacked to the broader nasdaq 100. So is biotech finally playing catch up to the market . Should you buy in . Yeah, well, i definitely think so. Look, we did see some bullish activity in the biotech etf earlier this week. Looking for a 15 gain in there. Probably by about september. There are a lot of reasons why you might think there is room for a rally. For one thing, some of the political headwinds that were the talk of the town. We havent we heard as much lately. These are actually kind of rare these days, cheap stocks, if you look at them on a trailing earnings basis, a lot are trading barely in the double digits. If you look at an area that has seen consistent revenue and earnings growth, this is one of the places to look. Its a good weekend to talk abo
Cut in one big oil name. Well tell you which one. The action begins right now. That doubles every day, particularly bad. Biotech stocks posted their best in more than a month. The biotech etf, the ibb rallying more than 3 this week. It comes as the group lagged to the broader nasdaq 100. So is biotech finally playing catch up to the market . Should you buy in . Mike . Yeah, well, i definitely think so. Look, we did see some bullish activity in the biotech etf earlier this week. Looking for a 15 gain in there. Probably by about september. There are a lot of reasons why you might think there is room for a rally. For one thing, some of the political headwinds that were the talk of the town. We havent we heard as much lately. These are actually kind of rare these days, cheap stocks, if you look at them on a trailing earnings basis, a lot are trading barely in the double digits. If you look at an area that has seen consistent revenue and earnings growth, this is one of the places to look. I
Can you i am only here to say i am only here to say i am incredibly sorry. Reporter neither one of these men made it back here to Alameda County yet. However, Derick Almena was in court today. Here is a picture taken just this afternoon. He is the one to the right of your screen in the green and white stripes. He is shackled. That is in lake county where he has to make his first appearance there before he can make it back here to Alameda County. Now we did reach out to his attorney, they were not available on camera, however, they did send us a statement that says this is a miscarriage of justice and that he is being used as a scapegoat and they plan to fight vigorously in court on his behalf. You mentioned this in your story, it is noteworthy that prosecutors are not going after the buildings owner. Reporter exactly. In the press conference the District Attorney said Derick Almena is the one responsible from changing the building from an Industrial Site to a residential site, it was n
The arrests culminate an exhaust i investigation into last decembers deadly disaster. Almeda and harris acted knowingly and without disregard for risk. Da says Derick Almeda and max harris knowingly created a fire trap hosting events in a warehouse full of unsafe construction and electrical work. They allowed floor to ceiling storage of large quantities of highly flammable material that created a deadly and dangerous space. The building has no fire suppression, nor did it have lighted pathway pathways to get out. Trapped by smoke and flames, guests that night faced what omalley calls a nearly impossible labyrinth to get out. A concert, leaving one exit was locked. Rather get on the floor and be trampled by the parents. This was Derick Almeda shortly after the fire emotional but refusing questions about his role. Im so sorry, im incredibly sorry, what do you want me to say . I am not going to answer these questions. Almeda lived in lake county where he was arrested and booked. He said l