That will be happening at 2 00 p. M. Eastern time today. If you take a look at where the markets stand right now, the futures are indicated higher. Dow futures up by 33 points, s p futures indicated up by 2 points and the nasdaq up by 9 points. The major u. S. Average managed to snap a threesession losing streak yesterday. Although it wasnt much to write home about. The dow added about ten points. The s p 500 added six points while the nasdaq after one of its worst threeday gains. It closes at 4,112. As for the tenyear, weve been watching it so close. The yield has been under pressure. The yield still under 2. 7 at 2. 699 . Ill send it over to andrew. He has more of the top corporate stories. Lets talk cars and recalls. Toyota now recalling nearly 6. 4 million vehicles globally for faults affecting various parts ranging from steering to seats. The worlds biggest automaker says it was not aware of crashes or injuries caused by the glitches found in 27 toyota models. Toyota did not say n
Were happy youre back. Me, too. If youre a citigroup shareholder, not happy. Theyll take 1. 2 billion to settle claims. The settlement resolves a significant legacy issue left over from the financial crisis error. Citi will take a related charge of 100 million for the First Quarter. Heres where shareholders are getting unhappy. Citigroup warning invests, after the Federal Reserve rejected the capital plan last month. Tthe wall street journal says the rejection makes it unlikely that citigroup can hit its 2015 goal for return on tangible common equity. The measure is a ratio of profittoequity own by shareholders. Citigroup shares, unchanged in after hours, 46. 55 is the number. In related news when it comes to the Federal Reserve, this could impact citi in some way, the Federal Reserve giving banks more time to divest collateralized Loan Obligations that fall under the volcker rule. The fed said banks will have until july 21st, 2017 to shed those funds which pull together risky loans. C
To shelter in place, stay put. The s. W. A. T. Team stormed the building. After about two hours, they did not find the gunman. But they did find bullet fragments on the second floor of the building, likely fired from a handgun. Police say a doctor may have been targeted. The doctor did not recognize this person. Were still investigating whether this person is known to anybody within the building, if there is a relationship between the doctor and the suspect. No one was injured. A School Concert had been scheduled tonight at a nearby middle school. That was canceled because of what happened there. The usgs is reporting a strong earthquake struck off the west coast of Vancouver Island tonight. It happened just after 8 00 an hour ago or so at a magnitude of 6. 7. The epicenter was about 58 miles offshore. So far no reports of injury or damage. It was a good distance offshore. And the u. S. Tsunami Warning Center did not issue any sort of tsunami warning. You know, a lot of teenagers consi
But stocks are down. Worse day for equities in the bull market started back in 2009. The nasdaq in particular selling off quite heavily, down about 3. 5 . Blackrocks chief investment strategist is with us. What are investors thinking . There are a couple of things going on. Veryof these sectors got aggressive valuations. You look at biotech for example. Nearly eight times book value as recently as the end of march, so clearly, you know, stretch valuations have played a part. I think what is exacerbating this anchor to reading and contributed to the seat is were seeing a lot of liquidation by hedge funds. They have done really well with a, but at that moment them has broken down, we are seeing some aggressive liquidation by many of those players. What are those players doing now and what are they buying into . Been a lotthere have of movement into cash, but you are also seeing something below the surface. Take a look at technology. We have all spun this as Technology Selling off. If you
Richmond police meanwhile say an amtrak train hit and killed a person on the tracks thursday afternoon. This is the fourth person to be killed by an amtrak train since may. We will take a break it is 4 07. Back with more in just a minute. It is friday june 13th. Was cut to the cemetery bridge where we are following the latest with traffic this morning and the weather. We will have an update of both those at 415. H,z checkin with our forecast three erica has that. Good morning. It looks like we are dealing with a pretty deep marine layer and some low cloud cover. I tell you all about that coming up after the break. If 13 the fourth of july is a few weeks away but fire officials are already sounding the alarm about the risk of fire and Public Safety risks associated with the use of illegal fireworks Santa Clara County officials unveiled an ambitious 20,000 Public Awareness campaign that money will pay for Public Service announcements and other outreach efforts and its all designed to rem