Extended well past what can be justified. I cant dispute that. Days like today where we flirt with record highs, the dow gained 33 points, the s p black slid slightly. It seems ridiculous that we can still go higher with the s p 500 trading in way high where its been historically. Oh, and given how all we hear from washington is that the president s agenda of lower corporate taxes and repatriation of vast summing from overseas seems held up by dysfunction in congress, is there any real rigorous, intellectual justification for these prices . I know im mystified each day. Im sure you are. I know a selloff sis inevitable. But something keeps happening that makes us wonder if this market is cheaper than it seems. Companies keep beating earnings estimates, rendering multiples pretty much worthless. Im simply stating facts. If companies can continue delivering better earnings than we expect, this market might be cheaper than it looks. Maybe a lot cheaper. Yesterday, home depot and walmart re
Roadside bomb in afghanistan as he was killed and another u. S. Soldier injured there. Since then, handing over security to afghan forcess and not seen any deaths since then, bringing the death toll to four. The names will not until the families are notified. Officers Justin Martin and tony rominio were both killed in their patrol cars. The michael scot green has a criminal history and arrested. As the community mourned the bringing them water. First alert weather. Its a dry start to the day. Not like yesterday. Yesterday, we were picking up a few few showers early on. A clear sky this morning and going to be sunny this afternoon. Upper 30s to low 40s this morning, well be in the 50s by 10 00 and the high today, closer to 70. Yesterday, a nice fall chill in the air. And toda 7080. Eng lwood, 68, thornton, 70 and highlands ranch, an a high of 68. Tracking another change, talk about the potential for mountain snow coming up. Its fog to be dry out there, unlike the snow to dole with yeste
A French Company says its search ship has detected signals from one of the black box recorders from the egyptair flight but did not indicate how it was able to make the determination. French Authorities Say it is impossible to know whether its from the data or voice recorder. In paris, boat cruisers are canceled and emergency workers are evacuating houseboats after river overflowed its banks in paris and floods hit towns across france. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. From bloombergs newsroom in new york, im mark crumpton. Bloomberg west is next. Cory im cory johnson in for emily chang. 3. 5 billion injection into the Saudi Sovereign Wealth Fund the biggest injection ever. But this does this change the Ride Hailing Company for real. And we will take you through mary meekers predictions for internet trends 2016. Mark zuckerberg holds a live q a from space. Aliens, no. We will tell you how to nasa achieved stratosp
Begin in august. The state of michigan is paying all the water bills for flint residence this month. Hell wait toays debate the official president ial nominee and not candidate bernie sanders. The senators campaign released a statement reiterating its interest in debating trump, saying the campaign has received two offers by tv networks. Global news 24 hours a day powered by our 2400 journalists in 160 news bureau around the world. I am mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, the plot thickens around the 81 million heist be a bangladesh central bank. Is the infamous group behind the sony hack behind it . Plus well speaking to a former employee about his experiences in the facebook unit. Plus are cell phones increasing our risks of cancer . Some scary findings for the very first time. But first to our lead and i report from the Cyber Security firm that suggests a recent hack on the central bank of bangladesh in which delrds 81 m
Debating trump. Saying the campaign has received offers by two tv networks looking to air the event. From the bloomberg newsroom im mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, the plot thickens around the 81 million heist be a bangladesh central bank. Is the infamous group behind the sony hack behind it . Plus well speaking to a former employee about his experiences in the facebook unit. Plus are cell phones increasing our risks of cancer . Some scary findings for the very first time. But first to our lead and i report from the Cyber Security firm that suggests a recent hack on the central bank of bangladesh in which delrds 81 million was stolen. This may be just the latest in string of attacks on a swiss network. The report links the bangladesh breach 000 to an october attack on a bnk in the philippines and the same group are plamed for stealing millions from an ecuadorean group. So how vulnerable is the rest of the flinl industry