This year, last friday, that round of risk off. It underperformed. That is true today. Over the last two days, down 2. 8 , the worst in more than a month. Investors not buying that area. One factor that could be at play, valuation. In blue, looking at the forward pe on the s p 500. Coming out of the financial crisis in 2009, we see suppressed levels for both. Over the past five years, lets call it 14 to 16 times. A pe on thee had s p 500 of about 8. 4 times. Unable to get back to that level. Last week hitting 20 times forward earningss, coming off of that level. It may suggest there could be a little bit of a coolingoff ahead given the frothy trading action. Renita i am looking at an big reduce her. The last timeshares had fallen this much was back in september. Big prices at the lowest for the season and at least a decade. They recently lost one of their major southeastern customers. All around, bad right now. Shut downans to older, less functioning, less efficient plants to defend th
Friday morning, and its not just any friday. Oks friday the alright. Nt look spooky out there. No not at all. Good morning. I am michelle griego. I am kenny choi. 4 31. Hot weather forecasted for today. Its prompting another spare the air alert in the bay area. And the air Quality Management district says that the heat, light winds and vehicle exhaustwill make the air unhealthy. As we look live outside, the air might be affected by smoke from wild fires in Plumas County andelsewhere in northern california. So lets get over to mary lee. The heat is on this weekend. Thats right. We are talking about the heat also that spare thers alerts. Lets get to the heat. So, heat advisory in effect for most of the bay area due to hot temperatures. You can see that most of the bay area except for the coast, high at the. P in the 80s to the low 100s expected inland. Now the spare the air alert. So the air quality unhealthy for sensitive groups in the east bay and santa clara valleych moderate from the
Everybody. I am bradley graham, the coowner and everybody at the bookstore and all the great folks, welcome. Thank you very much for coming. Every time we do a joint author event like tonight which we love doing by the way and marvelous facility, i think back 15 years when the building was up for sale and how close it came to being transformed into a nightclub. It came this close but instead the s founders and the staff hae transformed the wonderful place over the pastnd decade and a haf into the vibrant Community Center that it is today, lets have around of applause for that. We have a great event for you this evening featuring Melinda Gates here to talk about her new book, the moment of lift, this is melindas debut as an author and her book is part memoir and part call for more action as melinda recount the mission she been on, she tells the story tof her journey from taken a jb at microsoft in 1987 fresh out of Business School to marrying bill gates seven years later to partnering w
Art laffer on what this can be done to correct this. The fda is under fire for its handling of food recalls. What the agency is accused of doing. Were fourdays away from new years eve. New york city is bracing for unprecedented security and record low temperatures. What is being done to prepare for the nations largest celebration. Leah . Lea dow making a turn around this afternoon. Inching closer to 25,000. Gerri willis on the floor of the new york stock exchange. Gerri, what are the traders saying. Lea, were down with the traders and they are optimistic. The dow closed up 27 points. Back and forth all day long, finally ending in the green for the dow. Winners in the dow, visa, mcdonalds, amex, unitedhealth. Variety of industries there, broad improvement across the board. Other news that markets responding to, pending home sales increasing. 2 of a percent, exactly like it sound. Tells you how the Housing Market will be in future weeks. Gaining hovnanian, lennar, pulte group and toll br
It is time for hardtalk. Welcome to hardtalk, im stephen sackur. Nigerias stability and unity is threatened by internal tension, conflict and corruption, from the boko haram insurgency in the north to violent militancy in the south and separatist aspirations in the east. Amid all this turmoil, how effective in securing the country is the Nigerian Army . My guest is army chief Lieutenant General tukur yusuf buratai. Are his forces playing a constructive or destructive role, as nigeria tries to keep a lid on its problems . General tukur yusuf buratai, welcome to hardtalk. Thank you, stephen. General tukur yusuf buratai, welcome to hardtalk. Thank you, stephen. A couple of years ago your president , new president , set you a Clear Mission to eradicate boko haram. He said it could be done within months. It would be fair to say, would it not, that you have failed in that mission . We have not failed. We have achieved that particular mandate, as at that time. We were appointed on the 10th of