Squawk alley. Morgan, thank you very much. Good morning. It is 8 00 a. M. At snap headquarters in venice beach, 11 00 a. M. On wall street, and squawk alley is live. Starting from the bottom, now were here starting from the bottom, now my whole team here startied from the bottom, now were here started from the bottom, now the whole team here good thursday morning. Welcome to squawk alley. Jon fortt, sara eisen with me here at post 9 along with Business Insider ceo henry blodget. Good to see you this morning. Good to see you. Eight years in and still going strong. The s p rallying nearly 250 since hitting that closing low of just over 676 on this day in 2009. This is the second longest bull market ever. Oil, on the other hand, falling below 50 for the first time this year. Of course, had the worst day yesterday in about 11 months. Just to put the rally into perspective, henry, would you have been skeptical of for a long time, more now than ever . Yes. The higher we go on valuation basis
Make ends meat who are so scared now that i had to cover their face and alter their voice for this story. Carnival employees tell me hundreds of teenagers were part of this violent mob. Nats. Cell phone video showing teenagers out of control and on the loosestealing prize after prize at the butler carnival held in east oakland this past saturday night. Workers are still scared. Roma at queenroma tweetedi felt like i was in the game grand theft auto. Had me hopin fences, running from cops, stealing teddy bears. Nats workers tell kron 4 news that most who stole prize items from the carnival then destroyed them. Pieces of are still scattered in the dirt lot where the carnival was held. Domestic terrorism, domestic terrorism, grand theft, nothing happened. Police say the received multiple calls about a large crowd and distrubance. Saying there was possible vandalism and two people who were injured. Those people were later transferred to the hospital but no arrests were made. Those who atte
A ridge of High Pressure over the region will result in continued dry weather conditions today, along with warm temperatures. Cooling is expected on wednesday, especially near the coast and across the north bay, as a weak system pushes into northern california. Light precipitation may be possible wednesday across the north bay. Dry and mild conditions return for late in the week with the upcoming weekend serving as the transition to possible unsettled weather next week. robin heres a live look outside at our bay area bridges this tuesday morning. james robin heres a live look outside at our bay area bridges this tuesday morning. james violence erupts at a carnival in the east bay and its all caught on camera. People ransaking carnival booths, a big brawl breaks out and nobody was arrested. robin this all happened in oakland over the weekend. Kron fours jr stone talked to some of the carnival workers who saw it all happen. Its a story you will only see on kron four. Nats. Cell phone vid
Replace obamacare with republicans out in full force today making their arguments. Senate democrats led by Chuck Schumer demanded that republicans drop their Health Care Plan while moments ago nancy pelosi is still speaking and meantime, they are trying to reassure colleagues against the Health Care Plan saying its going to be revealed in three process. Remember, this is a threestage process. Over on capitol hill, two use panels, as i mentioned, pulled all nighters. They were markinup the bill. The ways and Means Committee approved it after 18 hours, giving republicans their first victory in the health care fight but the energy and Commerce Committee is still debating right now, passing the 24hour mark just a short time ago. These are live pictures of that hearing, which is still under way. We have all the angles of the story covered for you with our team of reporters and influence guests in the world of politics. We begin with the marathon going on on capitol hill. Kasie hunt, what ha
Its actually seen by many, though, as a fullon sprint by the partys conservative members, saying in no Uncertain Terms to leadership, slow down. Were expecting to hear from House Speaker paul ryan any minute. Will his optimism, i do wonder, endure from yesterday . Well take you there as that begins. Over at the white house, President Trump is trying to strike a deal. But if it doesnt work, if that deal does not work, hes got a backup plan. Let obamacare fail and blame democrats. Right now lets get back to capitol hill and listen in to House Minority leader, the democratic leader nancy pelosi, speaking about this. The cbo score to show what the impact of the bill would be. Now, it was interesting, because as i said to some of you yesterday, speaker ryan then as Ranking Member of the committee on the budget signed a letter to Doug Elmendorf along with the committees Ranking Members of ways and means and education and labor, asking for saying we shouldnt proceed until we had a cbo report,