eric: a smart beta etf has wiring. that wiring is active.et's look at something you looked at, the momentum etf, an interesting bit of wiring that kind of messed it up a bit. >> we looked at the performance year to date based on some research. mtum has lagged the s&p 500 by 4% this year, has also underperformed a lot of the low vol names this year. there was that rebalancing at the end of january that pushed exposure away from tech and boosted exposure to health care. in hindsight, pretty bad timing for those sectors, but situations like this could rub salt in the wounds of investors that are frustrated with timing individual factors. does that carve the way for multifactor strategies? dan: as an investor, trying to understand the methodology of the index, not only constituents, but the rebalancing and other nuances, because it's important. you can have a number of momentum etf's in the marketplace but they differ. the idea on multifactor is to bring together better diversification. as some factors are zigging, some are zagging. how can you

so as a result, we have a little bit more of a beta than one. cash is interesting because we run the cash overlay. it is saying that the cash will go down at about -- beta is 58% or something. i'm looking at orange. it stands to lose 22%. >> what this is also saying, these two charts on the far right is the two asset classes that contribute the best in stress environments, or three, are fix th fixed income, but the returns are going to be super low, and the other two are absolute return and private credit. they resist down markets the best, those three. >> you will see the negative beta for identificationed income is two-thirds -- it's actually whatever we have right now in the portfolio, the treasury portfolio and liquid credit portfolio stand to provide diversification under this stress scenario. right? contribute a little bit to the positive. absolute return is also going to fare well under the extreme equity stress test. it will stand to lose -- stand alone about 6%, and on the contribution, i'm looking at the upper left chart, absolute retu

that is the same for the beta breakers. it is bad timing. overnight low temperatures will be in the 40s and 50s. tomorrow will be a blustery spring day with showers and maybe a thundershower or two. temperatures will be in the 60s. sunday afternoon and evening it clears out and monday looks dry. monday night and tuesday might have something but then the sun returns and temperatures in the 70s. we will return as well after you know when you're at ross and you realize great minds shop alike? yes. or when you find those name-brand shoes that everyone notices? oh, yeah! or when you get exactly what you need for your growing family? yes! that's yes for less. yep! yes, yes, yes, yes... yes! seriously, 20 to 60 percent off department store prices every day. at ross. yes for less. >>> coming up tonight and 48 hours, it has been one year since someone gunned down a young teacher in the driveway of her parents home in pennsylvania. >> there are several leads but no arrests. 48 hours correspondent aaron moriarty spoke about the case. >> one of the real

if you plan to run beta breakers come prepared to get soaked. it's an iconic race been around since 1912. it's the first time in years they've seen rain. if you want to know when it last rained during beta breakers, charlie haggerty is a good person to act. >> probably 1909. it was a tough one, rained all race. '98 was another rainy day. >> reporter: how does charlie know this? >> this is my niece breyona and she's running with me as i run my 35th consecutive beta breakers. >> reporter: that's right, 35. in those three plus decades, he can only remember it raining twice. in 2011 he said the rain stopped just before the race started. >> here's hoping that happens tomorrow. >> you bet, absolutely. >> reporter: even if the rain gods aren't on their side, runners don't really seem to care. >> it's so alive, the race itself. there are so many people. 'sart of it, too.e the naked op. >> the whole san francisco culture. this is what california is about. >> reporter: right now the only change organizers have made is the time people should arrive here. i

beta breakers is turning 112 years old sunday, it's wrapped in one big city celebration.>> the people cheering one, the music, it's like a big party for miles.>> reporter: friday was the first day they could pick up t-shirts and others like. at 87 this man just might be the oldest person running in sunday's race. he and his wife flew in from australia to give it a go.>> it is so much fun, it's enjoyable. >> reporter: there might be a dark cloud or two, the forecast shows rain at start time but everyone we spoke to said they did not care in the least. >> sounds like it's going to dry up by the afternoon. it will be nice and cool and.>> reporter: they're famous for people running in costumes.>> i'm going as a pokimon, the pikachu. >> mom helped me with the cost him. >> reporter: some people choose to run not just without a costume but without anything at all.>> the sad thing is the naked people don't look so good. if they were really buff that would be great but not so much.>> reporter: the race heads west through the city through golden gate park in ocean beach. the race keeps the city

here's the beta breakers. 8:00 a.m., 80% chance of thunderstorms. that's the tail end of this first wave. the start will be the least pleasant. once we get to 10:00 a.m. and noon, still a chance of isolated shower. we'll see the rest of the forecast in a few minutes. >> run are gathering right this minute for the annual beta breakers road race in san francisco. the event is known for costumes. the costumes may include raincoats today. >> it's an experience as a whole. >> it's actually not too bad. >> we all have ponchos in the car. >> some plans were canceled. drivers are blanketing this morning. the north sierra region is under a winter storm warning with up to a foot of snow accepted in some areas. it's expected to last until monday morning. if you're headed that way, that can change and your patience. >> right now, police in san francisco are trying to figure out who shot and killed a man in the philmore district. this happened at franklin. officers got reports of shots fire and found a man in the street with a gunshot wound. he died at the scene

this is the 108th annual beta breaker.f a break out there for the finish line. >> it was pouring before it started. even thunderstorms across the bay area. at about 7:45, it went drive. it was sooner than that. looking up blue skies. and some sunshine actually. enhancing the instability which will bring the possibility of thunderstorms through the afternoon. a look at the storm tracker. the time-lapse shows you the line of rain that is marching into the central valley and on its way into the sierra. for us, another round of scattered showers in the bay area and they are generally light. no lightning or thunder associated. into the north bay, we could have light scattered showers falling right over the hills. for the most part, you can see areas of petaluma toward sonoma. working call -- a fairly widespread. san francisco is dry. mother nature has a way of doing things. giving you a look at the wind, a southerly breeze. areas of oakland coming from the east. generally light. it was more breezy and windy when the thunderstor

first, let's be honest, the beta breakers system is two things, people running in costumes and people running the skin they are in and little else. the only real x factor was the weather >> if people were driving in from the south bay and they saw the stormy weather, they would probably turn around. we thought of that but we decided to come in anyway and it happened to be great weather right now. >> reporter: he is right, the weather at the start of the race was pretty light. think about it this way, if this was your one chance to run through the streets of san francisco naked, without ending up in handcuffs or a straitjacket, are you going to let rain stand in your way? >> there is a bunch of people that you love, just together, having fun. a beautiful place. that is way more important than the rain every time. make the beta breakers is a six mile long block already, a celebration of getting dressed up or undressed depending on what you're into. it was never meant to be button- down and this year, like all of the rest, it was not. >> the thing i love is that it is fun and it brings e

good news right now in san francisco for beta breakers. the nasty line of showers, for the most part, has moved off to the east. stronger showers on radar, palo alto, thunder and hail. the strongest cell we are seeing right now. and offshore off and on we have had special marine warnings due to cells rotating offshore which sometimes can produce brief waterspouts. the lightning strike, we have seen for the last two hours. good news is that band is pushing to the east. behind it, a brief break. then more showers to contend with as we head into the afternoon. there you see the temperatures, 50s to near 60 today. more snow in the sierra. a look at the timeline for the heaviest rain mauer by hour in 15 minutes >>> oh, my gosh, we will see you in 15 minutes. i want to see that timeline. >> we have video for you of lightning over san francisco. the people running beta breakers this morning hopefully will get a break from getting soaked. organizers moved up the starting line crowd to open at 6:30 a.m. that was to cut down on the time that runners

what do you do >> i think investors have to remember that clients rarely get beta in pursuit of alphae end up selling rlow and buying high. so if you are an investor, i'd caution against trading against the headlines. if you have qualcomm, invidia and apple, you probably haven't had a good couple week the s&p is down 5.5% from its all-time high. so have patience but when you look at what the white house is doing, they where doing the right thing. it will make china better, us better and longer term i think stocks go higher >> so how much pain do you get along the way? if you look at the chip stocks, i said i'm going down some of the names here, names that were highly popular not only on this desk, but portfolios of many i invidia down 14% year to date as is micron, skyworks, intel. on and on and on >> so when the news hit the tape last week when huawei, ied had sold most of my skyworks and i sold most of my lumentum i proceeded to sell the rest of it the following date. because in terms of semi, i owned them for the 5g play i didn't own them like a lot of on others owned them because

talk about being an active manager designing this smart beta etf.t do you decide to leave in and take out? >> it is a great question. it is a fine balance. we designed it in order to achieve a dynamic multifactor exposure. to provide a one-stop solution to investors where realizing the timing factors, especially through single factor etf's, is a challenging proposition. having a package solution, a multifactor solution to the main five equity factors, size, value, lowball, value, momentum, where you rotate the five factors based on assessment in a ruse-based framework of the stage of the business cycle, can provide upside capture and downside capture that are superior, compared to a passive exposure. scarlet: you named five factors. how many factors is too many factors? critics will say you can't really do due diligence on this, and it is just the new active indexing fund. how would you respond to their criticism? >> when you look at economic research, if you want to take the skeptical approach them of have maybe 300 factors. that is unrealistic. we

the 108th running of beta breakers got off on a soggy foot, the rain couldn't stop for this one of a kind only san francisco event. >> a variety of colorful costumes, organizers have cracked down on alcohol and some other antics, the race has remained true to its zany roots. >> cornell bernard was there. >> sky 7 was over the starting line as thousands braved the rain. like angel sanchez and his dad. >> it's not that heavy right now. it might be hailing later on. >> what do you think of this rain? >> i think it's -- i can't say it on tv, but. >> the weather may have kept some race course spectators away. especially over the grueling hey street hill. >> with the rain, there's less supporters and partiers to keep you motivated. you had to really just fight through and cheer each other22-e men's winner at 35.01. carolyn finished first for the women at 39.28. we spotted some pandas on the loose. an order of tacos. some high fiving ruth bader ginsburgs and batman in the batmobi batmobile. >> the city streets are safe, we're good. >> here on the pan handle. this is where beta breakers beco

complaints would notice of violation issued, 161, a beta complaint is 403. sent to directors, 31, and routine inspections performed was 304. code enforcement services, number of cases sent to directors hearing was 126. number of order of abatements issued, 30. number of cases under advisement was nine. number of cases was 122. code enforcement inspections performed 290. number of cases referred to b.i.c., none this month, we do it every month -- every other month. this month, the numbers were a bit down because of the code enforcement outreach because of the lean cycle was down a bit code enforcement outreach programs, total people that reached out to was almost 48,000 , counciling cases was 1561, community program purchase attendance was 1148 and cases were resolved were 219. >> thank you, mr. sweeney. just before you go, maybe you could on the next commission meeting get back to us on the 655 alvarado and the 49 hopkins avenue, and go through that and make sure to address the public comment here today. i believe that will be that will be your department. >

she just said graduations, beta breakers.berkeley where crews used yesterday's one day of dry weather to finalize decorations at memorial stadium where today 6,000 students will graduate and thousands of proud parents will have to brave the weather to see their parents brave the weather. >> it was raining the day she came. it's a dream come true. >> it's inconvenient but rain is a good omen. >> that's what my mother has always taught me. good news for parents and family members attending today's graduation at cal. the university has lifted its ban on umbrellas just for the ceremony. >>> meanwhile, across the bay in san francisco, prep continues for what is expected to be a wet beta breakers race. even though race day won't be picture perfect, runners tell us they're adjusting to the soggy forecast. >> i'm very under prepared as far as my costume goes but i hope to find a really cute poncho and i hope to just give it my all. >> keeps you cool for one. you're not, i don't feel, as tired and i kind of get a little extra burst of

. >>> san francisco is gearing up for tens of thousands to flood in for the annual beta breakers race tomorrow. kpix 5's andrea nakano is live. they may want to consider adding a poncho to their costumes. >> this is where it will bestart tomorrow at the intersection of howard and rain and it's expected to be this kind of weather tomorrow. pretty cold and wet. but many say the weather won't dampen the mood of this party that will we rolling through the streets of san francisco. >> not at this event, no, this event is pretty wild and fun. it's a good family event too. it's a lot of fun. the moods are high. >> my fourth in a row. it's going to be amazing that it's raining. it's the experience as a whole. >> people participating intubatea breakers this year stopped by pier 35 this afternoon to pick up their pacts as it was pouring rain outside and has been for a good portion of the day. this rain is expected to be at the starting line as the runners and walkers get ready for the beta breakers. some are hoping they'll be pleasantly surprised by mother nature. >> hoping. a lot of hoping tha

so beta breakers does look like it's going to be wet. if organizers are okay with everybody running in the rain i'm sure that will go off without a problem. rainfall totals about a quarter to half inch for the south bay. north bay, one-plus inches saturday and sunday and the peninsula and east bay, any your from three quarters of an inch inch. after that we dry out on monday and spotty showers by next tuesday and wednesday. 50s to low 60s in san francisco. and keep those jackets handy, inland valleys only in the upper 50s to low 60s for that weekend forecast. just a couple seconds left. next tee days sierra snow, 6- 20 inches. so >> of rain or snow? >> of snow. >> oh, my gosh! that's winter skiing. thanks, jeff. >>> we have an inside look at the vallejo police department when we come back, stay with us. ♪ for many kids, just showing up to school is a challenge. staying through graduation's even harder. so at communities in schools, we do just what our name says. our staff brings a community of resources to meet each student's needs right

. >>> rain or shine the race can go on, what you can expect ahead of this weekends beta breakers. >>>ide this evening with friday on our mind. >>> beta breakers is not as big as it once was but it's still one of the largest and wackiest foot races in the world.>> they are set to hit the streets again this weekend and more than 40,000 people are registered to run.>> reporter: beta breakers is turning 112 years old sunday, it's a race and a costume party wrapped in one celebration. >> people are cheering you on, it's like a big party. >> reporter: friday was the first day they could pick up their swag. at 87 this man might be the oldest person running in the race. him and his wife flew in from australia to give it a go.>> it is such fun. san francisco is a fun city and we love coming here.>> i have been trying hard to keep up with them.>> reporter: there might be a dark cloud or two, the forecast calls for rain but everyone we spoke to said they did not care.>> it sounds like it's going to dry up by the afternoon.>> reporter: they are famous for people running in costumes.>> i'm going a

talk about being an active manager designing this smart beta etf.hat do you decide to leave in and what do you decide to take out? how do you make that decision? alessio: it is a great question. it is a fine balance. we designed it in order to achieve a dynamic multifactor exposure. so to provide a one-stop solution to investors where realizing the timing factors, especially through single factor etf's, is an extremely challenging proposition. well, having a package solution, a multifactor solution to the main five equity factors, size, value, lowball, quality, and momentum, with a dynamic macro overlay, where you rotate the exposure to your five factors based on assessment in a rules-based framework in a stage of the business cycle can provide upside capture and downside capture that are superior, compared to a passive exposure. scarlet: that sounds great, but you named five factors. how many factors is too many factors? a lot of critics will say you can't really do due diligence on just thed that this is new closet indexing active usual fund. how

here's what you can expect for the beta breakers. it's going to be showery for sunday morning. definitely put on that rain jacket, if you're heading out to beta breakers. wet weekend again. sunday afternoon, looks like the better, dryer part of our weekend. catching a break monday. showers for next tuesday and wednesday. emily. >> thank you, mary. it's not often you've got the bad news and i've got the good news. but that's the case here at 4:french. the bad news that i have, which isn't too terrible. actually pretty minimal. first and foremost, there is a wind advisory here. secondly, once you get to the high-rise, there is an accident. it has been moved to the right- hand shoulder. a mactruck. thanks to friday light. it isn't too terrible. even better in the eastbound span. the richmond san rafael bridge is looking good this morning. because of the rain. they haven't been doing that emergency construction today. and the metering lights are not yet on the bay bridge. you fast track users are looking good in the westbound direction. off to the altamonte pass, where you're only

and of course, we have beta breakers. sunday morning, does look wet. temperatures around 53, as that kicks off. so wet day saturday. rain sunday morning, drying out after that. a break monday. showers tuesday. >>> 6:51 now. taking home a newborn baby with complications is a daunting task for new parents. >> but now, new hospitals are using ipads to aid in their recovery. 4-month-old elion harris was born with complications. paelho with a new technology. an app on the ipad allows the hospital to get regular updates on his recovery. and it can track everything from oxygen levels to what the babies eat. >> what we have done is created a platform that allows us to train the parents to do it. what we can do is look at the patients, the same way as if they were sitting in the hospital. >> the hospital has sent about 170 babies home with this technology. and in most instances, they haven't needed to be readmitted to the hospital. >> babies are monitored for about three months. >>> we have breaking news on that sexual abuse case in ohio. state investigators no

look at the beta exposure. do you have those hyper tech high beta momentum type of names? if you have concern about that then you pare back your beta exposure, you look at names that have less. starbucks traded well today. mcdonald's traded well disney traded well today walmart traded well today. those may not be the momentum names we've enjoyed the upper trajectory over the last three months but given your question and the environment we're in maybe that's the right allocation to have and still having the allocation to equities >> defensive >> i don't know if i'd call them defensive. >> walmart, mcdonald's you mentioned. >> i don't know that i'd call starbucks and mcdonald's defensive -- >> disney probably isn't defensive but it's quality it's quality you're not riding the lip of the wave but in terms of expecting a lot of growth. i do keep coming back to software selling off facebook's not down 2.2% because of china it's down because people had to sell big obvious stuff because they're reducing risk levels that kind of activity, all else being equal, is not negative beca

we'll see you at 7:00, thanks. >>> the rain will impact events from graduations to beta breakers.utting the final touches on memorial stadium where 6,000 uc berkeley students will graduate. thousands of proud parents will have to brave the rain to see the kids get their college diploma. >> it rained the day she was born and the day i got married. for me this is a very happy moment. a dream come true. >> it's inconvenient but also rain is a good omen, right? >> good news for parents and family members attending graduation today, cal lifted the umbrella ban just for the ceremony. >>> meanwhile in san francisco preps continue for beta breakers. race day won't be picture perfect. runners say they are adjusting to the wet weather forecast. >> i'm very underprepared as far as a costume goes. i hope to find a cute poncho and give it my all. >> keeps you cool. >> i don't feel as tired. i get a little extra burst of energy. >> beta breakers is rain or shine tomorrow morning. >>> to other news now, a brutal takedown in the tender loin. if you recognize this man, police need your help. they

return beta to any factor is low. >> it's a good point. we do monitor with the investment staff and in our consultants will monitor the expected and realized betas on the absolute returns. let's cover two analysis in detail. bill and i take those scenarios because we feel that first, they are more meaningful to our portfolio and are more stressful. we always had a considerable exposure to private equity and venture capital. the tech bubble had affected that portfolio considerably. if you look at this stress scenario on the upper right, green bar, private equity, stands to lose stand alone the most in this stress test scenario. right? the private equity portfolio, under the tech melt down scenario, is estimated to lose 30%. we are aware. we can open up and understand where it's coming from. historically, during that scenario, it's also when the yields go down and fixed income considerably outperforms during that scenario. also, absolute return is expected and real assets are expected to perform positively during that scenario. so even thoug

. >>> beta breakers is this weekend. the san francisco tradition on sunday morning. the race will run from embarcadero to ocean beach and street closures start tomorrow night. muni service is being rerouted. it is one of the largest and most popular foot races in the world. >>> going to be raining, right, spencer? >> rainy and chilly and i advise doing it with clothes on because it is a bit wint-l w an some people didn't. >> i was going to go the opposi right now the goo running becauset mainly sunny and dry. a little breezy today. but certainly one of the most pleasant days in recent days. its currently 59 degrees in san francisco. we have mid-60s at oakland, mount view and san jose and 62 at santa cruz and 57 at half moon bay. the view from sutro tower over san francisco, a few clouds around but very bright and beautiful afternoon. we have temperatures in the mid-60s now. at santa rosa and napa upper 60s at fairfield and vacaville and concord and 64 at livermore. and looking westward from emeryville, mainly blue sky. these are the forecast features. the skies won't

clearly meter under mayor pete is a more articulate version of beta beto.o stumble in a move of desperation he floated the idea of running stacey abrams. to what she probably replied, beto wants to run with me, 0 hell no, i would never pin him as my vp, put a fork in o beto o'rourke. the democrat 2020 field is the biggest ever. how did we end up with so mindlessly mediocre wannabe presidents? here's the panel. handsome as ever. let's get to it. what do you make of beto o'rourke. i never understood why people are fascinated with him in the texas senate race, state that his failure would immediately translate to the presidency? >> democrats are always looking for the next jfk, they are looking for the next youngish white guy that they comport all their hopes and dreams of especially like all the liberal leftist and they put all their potential into beta. the mere mayor pete came in he s actually kind of interesting. and the like dado who? he is over. it's amazing he got up again no but he actually has substance and he's right. i'm so happy beto is losing, he'

other major events this week, we have the biggest event this weekend is the beta breakers. it will be may 19th from 5:00 in the morning until 4:00 p.m. we are fully staffed, and we know of no issues or concerns or pending potential issues, but it is a large event. it's usually a very fun and festive event. we'll be staffed up to deal with the crowd and the individuals that want to enjoy the beta breakers this weekend. i will pause there for questions before i go to the website presentation. >> commissioner hamasaki, before i ask you to speak, i want to say something. we function as an a jude cat body, which means we often decide discipline air he other cases that are brought by the department. that's the reason why we don't get actively involved in investigations because we would have a conflict if we both were investigating and ultimately deciding the merits of a disciplinary matter. so typically, the police commission does not get involved in investigations of the type that are going on right now. i just remind the public of that the and commissioners. commissioner hamasa

will the beta 800 metres or a long—distance quiz night at 800 she has to take medication to lower heraturally high levels of testosterone this week or she can go for 5000 metres and eventually won the south african championships over the south african championships over the weekend, difficulty is that she has to face athletes who have been doing it for the past two years have had to be competitive at that distance at the elite level. hunch is that she may compete in that and the lives and —— last answer she gave me like you will see me and asked her which white and with a glint in her eye she said yes. team gb athlete lynsey sharp who finished ninth in that same 800 metres race in doha this evening told the bbc she had been subjected to death threats as a result of describing semenya's inclusion as unfair. it's not me versus her, it's not us versus them, it's like i had bad threats and threats to my family and it's not a position i want to be in. it's really unfortunate the way played out, but i think we can all agree that it's good that there is some sort of solution and no one is go

i've said this on the show over the last couple of months, having low beta exposure in a low volatility environment is the right way to design your portfolio. me stepping out and buying puts, just reacting to the tape right now and saying listen, if jimmy's right, the market continues to pull back, i don't want to endure significant losses because i have a lot going on lastly, one troubling thing is i don't like the ten-year at 25. i know that sounds dramatic to say it but what you're witnessing in a down tape, you're seeing yields go the opposite way. >> maybe because of what powell said yesterday. >> which was significant the market was betting on a rate cut and maybe it's not going to get it what do you make of what cramer said, maybe now is the time to take profit? it's been a great run from the bottom in december now what >> absolutely a fair point the market has done a ton of work it's up over 18% but there's been a ton of dis persian on the market from best-performing stock to worst-performing stock, almost 150% look at the leadership board, only four, five sectors outperforming

.>>> beta breakers returns with more than 40,000 people registered to run.ck to the early 1900s.>> reporter: beta breakers is turning 113 years old, part race and costume party wrapped in one's celebration. >> it's like a big party for miles.>> reporter: friday was the first day that racers could pick up their t-shirts and other swag.>> i'm 97 years of age.>> reporter: this man might be the oldest person running in sunday's race, he and his wife flew in from austgive it a go. >>.>i've been training hard and trying to keep up with him. >> reporter: there might be a dark cloud over sunday's race. everyone we spoke to said they did not care.>> it sounds like it's going to dry out by the afternoon. it will be nice and cool.>> reporter: bay to breakers is famous for people running in costumes. >> i am going as a pokimon. i'm going is pikachu. mom helped me with the cost him.>> reporter: some people choose to run not just without a costume but without anything at all.>> we see naked people and the sad thing is they don't look so good. if they were just really buff

do you want to pick up all your beta and go all low risk? i don't think so.aying you take with the market gives you. asia fx has been overvalued. you are getting paid as a dollar investor to hedge against a sharp dollar of move against many asian currencies for such a quite time. you look at these opportunities and look at where the pockets of where you are, i think people are waiting for the selloff and my look for an opportunity. some of these asian trade currencies that got beat up here. romaine: when we talk about the economy and economic effects, so far, one plus that trump has had on his side is the economy has held up pretty well. i guess there is a long game here at least until the election that he can potentially play, as long as there is not significant deterioration. do you see the possibility of any significant deterioration between now and november 2020? henrietta: that is the most important question. your previous guest was talking about this. arenext round of tariffs going to go into effect likely in the next four to six weeks. that is your pri

caltrans special service for beta breakers.e they will wear one of the clear ponchos. let's start out today with the fair in san mateo. today is the best day to go. because we will see a mix of sun and clouds. temperatures reaching into the low 60s with sunshine. and then as we check out your saturday forecast, the rain returns starting in the morning in the north bay. and then pretty much all day in the afternoon. it's going to be raining with a steady shower. also cool temperatures as the rain continues off and on sunday. there may be a few breaks. as we check out the taste of richmond, you're looking for things to do inside. there will be showers moving through. and that's happening from 2:00 to 6:00. we will need the umbrellas for that. the rose parade and festivals are going rain or shower. put on the rain gear in santa rosa. parade starts at 10:00 a.m. we have hiking weather that may be the best today. but the trails will be wet in muir woods all throughout the weekend. and then another event we have is the contra costa c

so what we might be in for is more of a high risk beta trade like at the end of last year, and small caps could be in for more pain. romaine: the talk today on the conference call with best buy, shares falling about 5% today despite showing comparable same-store sales beating expectations, and reiterating its forecast for the year. but analysts on the call wanted to know how the company will deal with the latest tariffs. the company has had a remarkable turnaround, but the ceo is leaving in about three weeks, handing over the reins. this is as we have seen a lot more competition and more of a decline in the mobile space really weighing on earnings and the trajectory for margins.throw in trade and tariff issues and investors seem concerned. the company did not say specifically what they will do, but they said they will work with the trump to try to minimize the impact of trade tariffs and hinted that they might pass on some costs to the consumers, and indicated they will be more heavily on some of their services like the tech support business that in theory should be more immune to tr

spread between low volatility stocks the 100 lowest and the high beta when did this start? right around here when bond yields were peaking and growth expectation remembers also peaking. and you see this very stark spread where you have these safer so-called defensive stocks holding up the overall s&p 500 in green and the high beta underperforming. but i did want to take a look at a year to date glimpse of this relationship because it's not been perfectly consistent. you actually did have a bigger comeback off the lows in december for the more aggressive stocks for high beta still outperforming the market, 18.5%. here's what you have to look at. this is the may switchback move where perhaps we're seeing a little more of a mixed performance and defense again holding its own with bond yields where they are this is a little bit of an insight into what's animating the markets but also investor preferences and feelings about where this cycle is headed >> mike, thank you >>> time for a cnbc news update with sue herera. >> here's what's happening president trump honoring fallen law

. >>> an international police sting targeting car burglaries, how officers are using beta vehicles and trackers to try to catch thieves in the act. it's your time... .lf... . own it... take off in 3... 2... .aww it's time to get more. lower fares. better service. sweeter rewards. alaska airlines. >>> hundreds of people marched through downtown oakland this evening just one day, one of many marches across the country to mark mayday. 1 may is international workers day >> in many countries it is a holiday celebrating the efforts of labor and recognizing workers rights. andre senior tells us that here in the bay area, the message today was people over profits. >> reporter: one of the first international workers or demonstrations to on 17th and west street in oakland. >> reporter: construction workers rally urging law changes to guarantee publicly funded project using union workers. >> there's a lot of underground economy where workers can exploit it, not paying the proper wages and benefits. >> reporter: in berkeley on the steps of the edmund station building, >> i can't even pay my child