Holding stronach bank of america reports tomorrow one of the biggest shareholders is getting more bullish. Ber shire seeking permission from the fed to boost stake in the bank beyond the 10 threshold. Did jamie and warren give the okay to ride the rally to new record highs why not those are the two. If knows two say its okay, who am i to argue with those two. Back to you. Back to you, mel. The jp morgan was quarter was fine and well talk about banks but put going in perspective and tangible book in jp morgan stock 120. Even i in my lame man can do the math and tell you tangible book its two times tangible book right now. That is a pretty big premium in this environment, i think. In erms it of mr. Buffett, he is actually sitting on a record amount of cash as well maybe thats why he wants to deploy to more banks but the indicator he mass looked at his entire career, the wilshire 5,000 over gdp in the united states. I mean that is flashing as red as maybe it has ever flashed ive been skep
From the areas local news station. Youre watching the kron. 4 morning news at no. Happy tuesday. First day of august, im darya and a rain and looking for to the cool down before warmup. Yeah. So lets get to that. Still cloudy and foggy and a lot of spots it is its last a little longer that low gray that we have across the bay area. A lot of stratus clouds. Thats that low blanket of cloud cover overhead that is stretching not just along the coastline, but all the way, far inland this morning. You can see it from mount tam light here that blanket of clouds from above visibility is fine because its sitting right above us. So were doing really well in that department. It is keeping temperatures down areas like livermore still hanging out in the low 60s. Brett would calistoga in vacaville among our first few spots in the low 70s while berkeley, San Francisco, timber on still in the 50s later on today. Were going hold on to some partly cloudy skies, but still some plenty of brightness in bet
Bill mcnabb, his thoughts on vanguard. And we will ask him whether or not index funds have won. Is it game set, match . Also well talk with spyder man, thats state streets jim ross. He oversees billions of dollars in Exchange Traded funds. Who is using them . Are they used wisely or not . Well talk Retirement Savings with the retirement heads of Jpmorgan Chase and bank of america, merrill lynch. Well put it all into the context of whats going on in the market today. Trouble force stocks as the market today. Trouble force stocks as for stocks ahead, rising oil prices, falling jobs numbers. All of that ahead on power lunch. Thank you very much. We will get back to you shortly. Several big stories today on power lunch. Outside of the Mutual Fund Conference including former treasury secretary, tim geithner saying were not finished with the financial crisis but well explain the but part in a minute. Election day in the uk. Forget about what the polls say. The better question is what does th
We make cities greener . How can we protect animals and their habitats . What to do with all our waste . We can make a difference by choosing reforestation over deforestation recycling over disposable Smart New Solutions over steam set in our ways or is truly unique. And we know that, that uniqueness is what allows us to live and survive. Good ideas, the environmental series, global 3000 on d, w, and online visit the doctor, news a shark coming up to date. He santas head of states of a can boarding regime that my dad nearly 2000000 people. And now his last hope of freedom is gone. A year and back to court has overturned in the field from the former head of state of the committee rouge. 91 year old accuse on pon will continue to serve a life sentence in jail. But does this verdict count does justice for the millions of cambodians, tortured and killed . Blas cambodia, police cracked down on cyber crime, gangs accused of Human Trafficking is held finally arriving for far of scam victims b
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