Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers might very well be right theoretically. I think
Island say they wont feelt ease until they feel all the suspects connected to this case are in custody. Meanwhile, the fbi tells me that while they do not want the Vallejo Police department to talk about the details of the case, they say that the Police Department is free to answer questions about their past statements. But again, so far police and city leaders have declined to do so. Reporting live in vallejo, im jodi hernandez, nbc bay area news. Okay thank you, jodi. More details for you now. New Court Documents show fbi agents executed several warrants, including one at a vallejo storage unit on july 1st. Among the things they found, five drones some of which retail for more than 300 and can be controlled by a smartphone. And a wireless video camera. You may remember that in the days after the kidnapping someone claiming to be the kidnapper sent an email to the chronicle. They bragged about using drones to pick their targets. There are several cities and victims that might be linke
Contained and were moving in the right direction there. That we have jump started a process to solve the civil war in syria which is like an open sore in the region. And is giving refuge to terrorist organizations who are taking advantage of that chaos. To make sure that in iraq not only have we pushed back isil but weve also created an environment in which sunni, shia and kurd are starting to function more effectively together. And to be in conversation with all of those in the region so they feel they can address any potential threats that may come including threats from iran. And that includes assurances and cooperation to israel building on the unprecedented cooperation that is put in place. It includes the work weve done with the gcc up at camp david making sure we execute that. If wed done those things then the problems in the middle east will not be solved. And ultimately its not the job of the president of the United States to solve every problem in the middle east. The people
Lighting up an lgbt mural on fire. In this Surveillance Video you can see the suspect throw something on the wall and spark it with a lighter. The fire happened back on june 29th and the detectives want to hear from anyone who might be able to provide information. In morgan hill five boys did not get too far when they tried to escape from a juvenile detention facility last night. Deputies say the breakout happened at 9 00 at night at the Santa Clara County boys ranch. It was caught this morning and no word on how the boys were able to escape. Also following the aftermath of thursdays rampage in chattanooga, tennessee. Federal investigators followed the digital trail left behind by the gunmen and the community is still coming to grips with the tragedy. Nbcs brian moore has the latest. Reporter in a makeshift memorial for the five military members killed in chattanooga, a grieving mother expressed her pride. My son is a hero. He died doing what he loved. He would have it no other way. Pe
Of the s p 500. Just about a half a point higher. We are going to be hearing from travellers United Technologies verizon and many more out later this afternoon. Its all about tech. Beyond earnings here the other big stories were watching this morning in greece today the government submitted a bill needed to officially start talks in the rescue package. The Prime Minister has until tomorrow night to get the measures adopted in parliament. Increasing year over year last month but only slightly. This shows how a slowing economy is hurting Investor Confidence and in Corporate News out today, the ceo was stepping down. This comes after an independent investigation says he was aware the company was inflating his profits over a number of years. Ibms earnings top which normally happens but revenues fell for a 13th straight quarter. It had to be because of the stronger dollar. You dont get revenue drops of 13. 5 . I dont know what organically it was. The strong dollar continuing to weigh on the