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10 , but lets be honest the markets are still down big time this year so cold comfort for investors who may have gotten in toward the end of last year well dissect all of that. One big theme today is the Federal Reserve effectively riding to the rescue of the bond market and even the etf bond market look at the hyg, something we have been highlighting and were going on more than a month now up 7 as well as the fed as it says there goes all in and we are all in with a great lineup for you again. We have guy, tim, weve got karen and weve got steve grasso it is going to be a beg hour we have Paul Macaulay with rare mineral supply chains and i want to get to steve grasso because the Federal Reserve, and i know it is very difficult for the audience out there who is not doing this every day to keep track of the alphabet soup ....
To daybreak europe. Lets recap those numbers. Unitbs Wealth Management bringing in net new money in the Third Quarter, almost 16 billion, meaning assets in that unit hit a record. Atrd quarter net came in 1. 05 billion, a clear beat on the estimate of 9. 71 billion. Beat on therofit, a estimate for ubs. Profit came in at a beat, but ubs seeing 100 million restructuring charge at the Investment Bank in the Third Quarter. It also warned that lower Interest Rates would hurt income from lending compared to last year. The ceo, we will speak to later, saying in the statement, we continue to take action to grow productivity. We also have some breaking news coming through from novartis. A lot of numbers to come throu ....
Bay and north bay and San Francisco, the peninsula and east bay, 69 degrees, not a bad afternoon. Ill let you know how long this kind of weather lasts. Thats coming up in a few minutes. Lets get an update whats happening in the east bay with mike. I do want to give you an update for the south bay. Chp says southbound 281 lane will be blocked a good amount of time for a sigalert, at least a half hour. Our photographer went by and said there was one car on its side and trying to clear that quickly with a little bit of slowing at the scene. North bay is where you see that. The rest of the day moves well. A quick look at berkeley shows traffic flowing well and metering lights are on at berkeley. You guys have a bigger news to share for berkeley. After shooting two people at berkeley about a block from the arby b. A. R. T. Station, happened about five hours ago and police are still on the scene. Joining us now from the scene, we came on ....
The four surviving friends who witnessed the deadly aftermath of the accident have filed their own individual civil lawsuits. We have a little bit more information from sources that are close to this investigation. Today the d. A. s office did meet with all the victims families and showed them a reenactment of how this accident happened. From what im told they were able to tell that the limo driver, while he was making his uturn at this now believed to be dangerous intersection couldnt exactly see that he had the rightofway. There was a car blocking his view. Yet he decided to make the turn. Yet of course the rest of the story we all know too well. More details to be announced 45 minutes from now. Live in the newsroom. Back to you. Thank you. Other breaking news at this hour, despite a promised fight by Senate Republicans president obama just nominated Merrick Garland to ....
Highgrowth names got nailed today, facebook, amazon, google, starbucks falling hard. What is it about the high Growth Stocks getting punished . What does this mean for the broader markets, if anything . B. K. , what do you say. For the high Growth Stocks we know that this has been the quote, up quote crowded trade. Look what happened today in multiple markets. A lot of people ask me what happened with the dollar today. One of the big trades out there was to be long european equities and short of euro, but when the dollar started to fall that meant that people had to unwind that trade which then also led to taking risk off in other areas so you started that happening early in the morning. Bled over to facebook, amazon, the fang names and people are just getting risk off at this point selling what they can and questioning whether or not that greet is there. Then you had the turna ....