Brian with bank of america . Do you still see good positions or have stocks just moved too far sfp. Theyve moved a long way. They were very cheap five years ago. And redeck yulsly cheap. Thats been corrected. Theyre probably more or less fairly priced now. I mean, we dont find bargains around, but we dont think things are way overvalued, either. Were having a hard time finding things to buy. Well have more of ourcation with buffett and bank of americas Ceo Brian Moynihan in just a few minutes. Meantime, carl icahn singing a similar tune. He argued that the market is fairly valued, but still sees apple as a buying opportunity. I think that right mow the market is giving you a full picture. The market tells you youre doing well, but i dont think a lot of companies are doing that well. They are taking advantage of very low Interest Rates. So, obviously, you dont have to be a financial genius to understand if i can borrow at 3 or 4 and buy assets, maybe my own stock, thats yielding 9 or 10
Starts now. Dagen i was trying to get your name in there. Connell hey, all right. Lets do this dagen mcshanes here. Connell yeah, thatll tease em up, get things going. Markets up, and, well, everythings good unless youre Kathleen Sebelius out on the road dagen or the driver of that ferrari that got crushed. Connell also not good. Nicole petallides joins us to start things off. Reporter and im good, im doing well here on the floor of the new york Stock Exchange. Dows up 61 points, folks, snapping the twoday losing streak weve been seeing. Dow jones industrials up 61 points sitting at 15,606. Dont forget we had a great october, right . Were up 2. 7 on the dow gaining over 400 points, so weve hit records this week on the dow, nasdaq and s p to speak of. Also lets just take a look at some longer charts comparing one week and one month charts as we continue to watch the action to the upside. Some of the energy names doing well, were watching netflix and jcpenney doing well, auto sales and t
Walk on the Washington Navy yard month. He pulled out a shotgun and opened fire killing 12 people and injuring 3. That presents the greatest problem of all an insider. Reporter alexis had a security clearance despite a history of gunrelated charges and Mental Health issues. His family says he suffered from Mental Illness for a decade and recently sought treatment through the veterans administration. Last month, in rhode island he called police from a hotel to say he was hearing voices and that people were stalking him. Newport police say they alerted naval police that a contractor was hearing voices. Despise his runins with the law and history of Mental Illness he kept his security clearance. Family members of victims say they dont know how this could have happened. I dont know how in the world he got a clearance to be able to get into the navy yard with those weapons to begin with. Reporter the 73yearold john johnson was a happy man. We were going to retire soon and he loved his job.
Hello, im ray suarez. In her first testimony as fed chair, janet yellen said a few things. The labor market is far from complete, the gyrations of the stock Market Worldwide coul do t pose as risk to the u. S. Market. Janet yellen, the newly minted chair of the Federal Reserve said the economy had made substantial improvement over the past four years. Since the financial crisis since the depth of the recession substantial progress has been made to restoring the economy to health and in strengthening the Financial System. Still, there is more to do. Too Many Americans remain unemployed, inflation remains below our longerterm objective, and the work to make the Financial System more robust has not yet been completed. Taking questions, yellen said if the economy continues to show improvement the fed will likely again reduce its asset purchases. Call the quantitative easing, the bondbuying program by the fed slipping 10 million a month into the economy as stimulus. As jobs return and other
There may not be a lot of celebrating at yahoo this evening. Its the one anniversary of Marissa Mayer taking over the top job and aft close, the Company Posted a beat on Second Quarter earnings, however, they did miss on revenues and the big concern turned out to be the warning for the Third Quarter. There is more from the nasdaq tonight, sema. Reporter yahoos Second Quarter revenue is short of expectations at 1. 07 billion and thats primarily due to a drop in its display advertising revenue. Yahoos earning at 35 cents a share beat street expectations by 5 cents. The Third Quarter outlook disappointed the street when we saw shares move to the downside. Pvc partners saying yahoo is facing challenges. A couple points made on the Conference Call on the tumbler acquisition, yahoo says the acquisition is expected to grow yahoos audience to more than 1 billion monthly visitors. Marissa mayers says quote im encouraged by yahoos performance. Our continued stability and we launched more product