11 western states, according to a study in scienced a van adva. The wet weather brought lots of snow to the mountains. Look at truckee right now. You can see the snow from, of course. The road is clear right there. No chains are needed. You can see the snow on the highway. No chain rules in eggfect rite now. Eight feet of snow in the past two weeks. Its gorgeous. Heres what Alpine Meadows looks like this morning. Last year, the ski resort did not hit the 100foot mark until january. Continuing coverage now on pg es proposed settlement with fire victims. Today, some of the victims and the attorneys spoke about the 15 billion deal. Part of this settlement is, making them accountable. Reporter in santa rosa, attorneys outlined the settlement with pg e and wildfire victims. Barns, couple greenhouses. Reporter cory and many others faces with devastating loss after wildfires in Northern California. He is hoping that the settlement will addresses uncertainty while he rebuilds. Hopefully the mo
Made an offer to buy the company. Josh brown, Wealth Management. Josh, great to see you today. Whats going on s p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. I think you nailed it thats exactly what i see going on indices are stalling out given the runup, i dont think, should be a huge surprise. Rates are higher, which is interesting. Lot of the big winners of the year, like iyr, xlu. Anything rate sensitive also taking a breather. Xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i cant remember how long thats an overbought index when was the last time we were talking about the banks being overbought you have this confluence of things its perfectly natural keep in mind the big picture caterpillar, the whole industrials xli, etf, all hit new 52week highs yesterday. Honeywell, new highs these are things that do not happen in the context of a bear market o
Of china and Germany Europe is in the red tenyear yield near 1. 95 that moved 30 basis points since last weeks fed meeting. Our road map begins with disney and the streaming wars deals with amazon and apple and 52 surge in studio, shares up 5 ahead of the bell. Plus, billionaire battles Elizabeth Warren staying on the attack, saying theyre crying about her wealth tax this as billionaire Mike Bloomberg considers a run for president. As we said, closing out a big week for stocks, new records and reach as investors weigh more china tariff rollback talk first up, though, jim, a very special show coming up tonight. Yeah, look, were at the place, i think, epicenter of what i regard as being the new wing of our defense. That i say that because it was in 1959 they created this academy. It is a very special place and im glad i have that accompany music. We want to talk about not just what is going on here, but what goes on after service, why were bringing in Kevin Johnson from starbucks. Hes on
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
It fell to a four year low and a rotation out of Growth Stocks some of those recent ipos all falling sharply today. Were down 237 points on the dow not far from the session lows. S p is down and nasdaq is down joining us for the full first hour of the show, dna nathan quick take on the market move. Its very similar to what weve seen in the last week of the first month of each radiator when weve been in earnings this hold year. We saw this in q1. We sold afterwards we saw it again in july. Other we are we made an incremental high. Thats what is consistent. One thing that took it down into enthusiasm about low expectations on earnings with some sort of negative headline about trade and i guess the question is, is this playing out the third time in a row this year Communication Services and utilities with materials, industrials, financials all down more than 1 well focus on the big stories. Bob pisani is covering todays market Kayla Tausche has the latest headlines on china mike santoli h