Colonialism, where monk olion money is making its way into numerous industries, including the media the games in azerbaijan, where they are coming to a close, they are the main event in the sporting calendar. And the political calendar as well. The government in baku invested heavily in the games, the cost is 1. 2 billion. For the president , himself a sports fanatic, and the former head of the olympic committee, its oil money well spent. With the athletes comes the journalists, and the track record of dealing with the media is pure. Some foreign reporters were barred from the games, locked out. Azerbaijan journalists have more to lose than press cards. Reporting on corruption on human rights landed some in gaol. Our starting point is the olympics stadium in baku. The listening post will young reports. Reporter the day before the plirs european games opened, azerbaijan journalists gathered to hear an address from the head of the azerbaija the first european games are an important event
They say he rammed into a patrol car during that pursuit. He also crashed into another vehicle and just kept on driving. The truck somehow became disabled and it rolled into the safeway parking lot here on Stevens Creek and stopped. Sometime during all of this, officers fired shots. Heres what a Police Sergeant told us a short time ago. Our officers attempted to make the car stop and take the suspect into custody. During that encounter, multiple officers fired at the suspect. He was struck at least once. The suspect was taken into custody and transported to a local hospital and he is listed with lifethreatening injuries. Reporter as you heard, the Police Sergeant say multiple officers were involved. Were not sure exactly how many fired shots and how many shots really were fired. We know the truck from the video that we took from sky 7 as well as on the ground, its riddled with bullets and its wedged in between two patrol vehicles. Its unknown if the suspect had a weapon. We still arent
263,000 jobs, that caused the averages to roar higher for most of the day. But then the Federal Reserve threw cold water on the whole market. Yep, when the fed minutes from a month ago were released, we saw that they talked not about the economy being strong, but about stocks being too strong, it was almost as if the fed was saying that the stocks had gotten ahead of themselves so they had to take away the punch bowl with some stock bad mouthing. Paul ryan came out and said that tax reform will take longer than health care. Whats longer than never . Put it all together and the averages only went into a tail spin, erasing our earlier gain, causing the dow to close down 41 points while s p lost. 31 and the nasdaq sank. 58 . The fed signaled that maybe things arent as great as the bulls may think, which sent markets plummeting. Thats why i have to stress displadi discipline. At 1 59 at the top of the session, it went on for about five minutes, it looked pretty frosty. Since we have got th
Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the election, the best performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Intere
Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the election, the best performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Intere