fixer-upper frenzy has been great for investors and home-improvement retailers and tool companies stanley black decker jim lori will be here, where income investors can find double-digit yields we begin as always for what we think the most important things investors ought to think about right now. bonds and growth stocks rallied as buying stocks lagged as a rebounded slowly down means stocks encrypted under the microscope what it means for the trading frenzy. the fda controversial approval of biogenic old-timers therapy more drugs and treatments on the way and will insurance companies even cover them, my colleagues ben levisohn, carleton english and back onto jack hough. we saw the ten year bond dipped below 1.5% in yield. >> this is really interesting this is probably the most normal reaction we've seen to the falling bond yield in a while you expect to see tech stocks in the nasdaq do really well and they did and you expect to see stocks that are sensitive to rates of benefit rates are high when banks do poorly and they did as well. amazon had a great week and so did microsoft and apple showi

fixer-upper frenzy has been great for investors and home-improvement retailers and tool companies stanley blackcome investors can find double-digit yields we begin as always for what we think the most important things investors ought to think about right

there isn't enough housing supply we're investing through things like masco, the paint company, stanley, black& decker, this i just another indication of inflationary pressures 23%, don't bury that lead. 23% increase in the price of homes. that is inflationary >> that said, mike, lumber and other raw materials costs have come down significantly. >> yeah, it's an incredibly compressed cycle home builders themselves slowed down production because of the materials cost and then they have come crashing down. it's glib to say, but when you see these massive surges in prices, it races the denominator for future inflation rates it's silly to say, but m mathematically you can't expect this pace to continue. a lot of these homes being bought, a lot more in the prior cycle at a 20% down payment, which means a little firmer footing, even if it is making the sort of rent versus own equation pretty much. >> i was just going to say it factors right into that debate we have about two minute to say go we have come off the highs, technology very strong what do you see any internals? >> less strong than you mig

there was no plan to arrest or make contact with stanley or to take any enforcement action whatsoever. another young black man. i just has died at hand. the police south bay in the acp president, reverend jethro more questions why stanley was under police surveillance, investigators revealed stanley was a suspect in a berryessa neighborhood armed robbery stemming from a road rage incident in march. but his killing the second sj pd fatal officer involved shooting this year is sparking protests. his family is grieving. they lost some of their some family members lost their best friend. they don't understand how this happened. activists say the issue isn't whether stanley was armed. but why surveilling officers stealthily moving around his home never announced their identity until after the shooting. our young people are heard and we're tired of seeing black kids get killed by cop. was he. more protein. more protests are planned in the coming days and weeks, the stanley family is creating a go fund me page to help pay for funeral counseling and legal services coming up in the next hour. i'll talk to one man

stanley last monday. they were dressed mostly in black carrying signs and demonstrators marched from san jose city hall all the way to the mayor's home. stanley was killed by a plain clothed officer after police say he pointed an illegal xun registered ghost gun at the officer. the two plain clothe clothed officers were there to conduct surveillance and to gather intelligence on stanley who had a aren't for assault a deadly weapon and illegal possession of a firearm. a live look at san francisco city hall this morning. friends and family members will rally today in on or of a man that was al killed by police. 22-year-old shawn was shot and killed by officers. this this as police responded to a lotting call during a night of george floyd protests. the officer who shot him said he mistook a hammer in his pocket for the butt of a gun. . >>> this morning outrage over a court ruling today get rid of the state's decade's old ban on assault weapons. gun control advocates saying the rule willing the -- ruling will lead to more mass shootings. >> the vigil began with the nine names of those killed at the san jose v

. >> i'm so glad that you went there, with blackrock, and larry fink, because morgan stanley, today says blackk is best positioned to benefit from esg investing. >> they are. >> they put it in sort of one of their, you know, they upgraded it today, or reaffirmed it but it's blackrock, it's schwab and wells fargo as their top picks in the financial space right now, and black rock, they singled out specifically as best positioned in esg and that plays right into the engine number one and exxon win. right? >> i like that thesis so much. that is a great thesis that truly is a great thesis they are the big beneficiary, because they're the most thoughtful larry fink is the person that we all watch. why? because he is really thoughtful. like tom lee, thoughtful we can have thoughtful and not thoughtful >> well, you have to walk the talk, right? you can't have larry fink write these letters that are talking about, you know, longer-term plays and thinking in the big picture, and esg, and blah-blah-blah, and then blackrock votes the other way. right? at some point one foot has to catch up with the other

for calm in the community and expressed his pain and sadness over stanley's stanley's >> young people we are tired of seeing black kids get killed by cops. >> the undercover officer is a 14 year veteran of the department has been placed on administrative leave.>>> today marks one year since a vallejo police officer shot and killed should sean monterrosa. it happened in the tumultuous days following george floyd murder at the hands of the lease. melanie woodrow has covered the story from the very beginning and spoke with sean monterrosa's sisters about the course it has taken over the past year. >> and a 365 days since sean monterrosa's death his sisters have fought for justice. >> this is a lifelong fight. >> the 22-the 22-the 22-the 22- sisters asking to sign a petition for justice for george floyd. and never imagined the following day that they would be advocating for their family as well. >> return the pain into power and we turn it into a different type of purpose. >> on june 2 a police officer shot and killed him from the back of an unmarked police vehicles firing through the windshield. >> he pointed a gun

following a controversy over the ceo saying there's a limited pool of black talent we spoke with the chief human resource officer of morgan stanleyt is do more to retain black professionals. >> we've got to be a heck of a lot more deliberate in retaining the talent in my personal view, there's no more important lever in retaining talent than by ging them opportunities to grow and to stretch >> reporter: we're talk about opportunities to grow, we look at private equity black ople making up 1 to 2% of firms it can often be culture. >> i think there's this cultural piece in ensuring that when folks come to work at firms like mine, they feel like it is their firm and they can thrive and they can bring their full selves to the firm because when that happens, speaking in the context of black folks, this thing like black magic can really take root. >> reporter: in the last year major banks have set targets to increase black representation. something we'll continue to watch here on cnbc back over the you. >> we priappreciate it. final trades after this break. that takes wealth. but this is worth. and that - that's actually worth more tha

black kids get kill bid cops. >> reporter: the under cover officer who shot stanley is a 14 year veteran of the department and hasbeen placed on administrative leave. in san jose, chris nguyen, abc 7 news. >>> more than a dozen oakland police officers all the way up to the rank of deputy chief are facing disciplinary action after allegations of excessive force and other policy allegations during four days of george floyd protests last summer. now all of this is the result of several investigations into what happened. abc 7 news investigator laura ashley has more on the findings. >> i will say clearly that june 4th was a failure. >> reporter: one year after scenes like these in oakland police chief armstrong announced discipline for his own officers. >> the policy is very clear. officers were not authorized to use gas in the manner in which they did and for that the department has held them accountable. >> reporter: this is the result of four different investigations including one by an outside independent expert. and it resulted in disciplining more than 2 dozen officers. >> reporter: armstrong revealed those dis

dressed in mostly black and carrying signs, ralliers marched from san jose city hall to liccardo's home. they said stanleyointed a ghost gun at the officer. san jose's police chief says the two plain clothes officers were there to conduct surveillance. and gather intelligence on stanley who had a warrant for assault with a deadly weapon and illegal possession of a firearm. the shooting sparked another protest two days later. protesters marched onto northbound 87, shut it down for a while before ending at san jose police headquarters. family members of stanley's tell the mercury news the department is not telling the full story and stanley had no idea it was a police vehicle. >>> live look now at san francisco city hall where friends and family members will rally tomorrow in honor of a man who was killed by police one year ago this week. 22-year-old shawn monerosa was shot and killed by officers in vallejo. this as police responded to a looting call during a night of george floyd protests. the officer who shot him says he mistook a hammer in his pocket for the butt of a gun. state attorney general rob bont

black lives matter! >> dozens of people marched to police headquarters this evening chanting the name of di i mitrius stanley. police released surveillance pictures showing stanley pointing a gun at officers prompting them to shoot him. this began when police were following up on an armed robbery investigation and stanley confronted them. the police department said it's being transparent with his family. >> officer involved shooting, person of color. there's a lot of questions. people want answers. we are meeting with the family, we are sharing as much information as we can with them. >> san jose police are expected to give another update on the investigation tomorrow. >>> we have an update on a story. fireworks are blamed for a vegetation fire that destroyed two apartment buildings in antioch. investigators released pictures of the some of the fireworks recovered from the scene. a 44-year-old man is under arrest. investigators say that suspect threw a fire cracker into the field behind the apartments. the fire destroyed eight units and displaced 40 people. >>> the chp issued a silver alert for a missing 84-

black lives matter! >> dozens of people marched to police headquarters this evening chanting the name of di i mitrius stanleypolice released surveillance pictures showing stanley pointing a gun at officers prompting them to shoot him. this began when police were following up on an armed robbery investigation and stanley confronted them. the police department said it's being transparent with his family. >> officer involved shooting, person of color. there's a lot of questions. people want answers. we are meeting with the family, we are sharing as much information as we can with them. >> san jose police are expected to give another update on the investigation tomorrow. >>> we have an update on a story. fireworks are blamed for a vegetation fire that destroyed two apartment buildings in antioch. investigators released pictures of the some of the fireworks recovered from the scene. a 44-year-old man is under arrest. investigators say that suspect threw a fire cracker into the field behind the apts. e fire d and displaced 40 people. >>> the chp issued a silver alert for a missing 84-year-old san francisco grandmo

black lives matter. >> you can see several people marched on the guadalupe freeway chanting the name of demetrious stanley. that's the man they said officers killed monday night. the video shows officers pointing a gun at stanley as they were conducting an armed robbery investigation. the neighbor's home security show's the officers were in plain clothes in an unmarked vehicle and did not announce themselves as police. the police department said it is being transparent with the family. >> officer-involved shooting, person of color. there are a lot of questions. people want's. we are meeting with the family. we are sharing as much information as we can with them. >> the monday night shooting marks the second deadly shooting of the year. >>> today is a week since the vta shooting that left nine people dead. amy hollyfield has more on that. good morning, amy. >> reporter: we want to warn everyone this video contains disturbing images and sounds. it takes you right inside the first few scary moments. it happened here one week ago today. >> as the contact team is moving through the dispatch center, one shot is

stanley had warrant for armed robbery and wanted to confirm where he lived. but family and activists are upset, how he would know they were officers. >> young black man died athands of the police. it's never easy to lose someone. >> reporter: spoke with former independent police auditor and judge about the case. >> why was surveillance done in a blatant fashion? and second, why is one of the officers doing the surveillance out of the vehicle and walking around mr. stanley's home? and this is again at night. >> reporter: says the police explanation leaves a lot of questions for investigators. >> according to chief, no body cameras are used doing undercover surveillance, that policy needs to change because undercover surveillance knows that there's a possibility that things can go south. and that there could be a shooting. >> reporter: the officer who fired the shots had 14 years of service. chief says his name is not released yet because he does undercover work for his safety. live at police headquarters, bay area news. >>> oakland's police chief apologized for actions of officers in george floyd protests. found 33 violations of officers deploying tear gas wh

stanley had a warrant out for armed robbery and they wanted to confirm where he lived. but his family and activists are upset and questioning how he would know the two men why officers. >> another blackhas died at the hands of police. it's never easy to lose someone. >> reporter: i spoke to an independent auditor about this case, ladoris kordell. >> why is one of the officers doing the surveillance out of the vehicle and walking around mr. stanley's home? this is at night. >> reporter: she says police explanation leaves a lot of questions. >> no body cameras are used when you're doing undercover surveillance. that policy needs to change. there is a possibility that things can go south and there could be a shooting. >> reporter: ian cull "today in the bay." >>> a mountain lion prowling around one milbrae enabled. it was caught on surveillance video in early march. he says he spotted it about once a month ever since. he post add warning on the next door app and says he is doing all he can to alert his neighbors. >> i see people going for their walks at, like 4:00 in the morning, 3:00 in the morning. that's the time they're hunting. i don't want to have someone end up being an early mor

demetrious stanley so that they could question him if they did have questions for him instead of trying to act like they're the cia during the middle of the cold war. >> and that was lou dimes with black outreach sj. he says they will push for rule changes for undercover officers, faster release of video and tougher punishment for violators. there appears to be no protest in san jose tonight. in downtown san jose, kiet do, kpix 5. >>> dozens of disciplinary actions have been issued against an unknown number of oakland police officers. it follows their response to a george floyd protest one year ago yesterday. a report found there was no immediate threat to officers or the public when tear gas was used against protesters. today the chief directly apologized, saying the officers acted outside of policy. a group calling for police accountability wants more details on the discipline but state law doesn't allow that. >> the police department violated their own crowd control policy. that is clear. >> if officers experience this level of violence over a two to three-day period, it could, you know, impact decision making on day four. and so that is some of the areas that we need to improve at

black fog, hit $6 trillion. >> thanks, jobinajobina >>> shopping said undercover officers were conducting is your vape lens outof 31-year- old demetrius stanley's home. video shows stanley walking out on the street holding what appears to be a gun and approaching an unmarked suv with a plain clothed officer inside. the door was open. officers shot stanley in fear of their life. family members felt stanley was being stalked and was just protecting his family. >> if i had the feeling there was someone outside of my house, i can't say what i would do. >> the undercover officer who shot stanley is a 14-year veteran and has been placed pla administrative leave >>> the disgraced former san francisco director tried to rob someone with a five. mohammed nuru was carrying a small kitchen knife at the sf marin food bunch. sources said nuru said he was kidding. nuru ended up getting booked into jail. the communications member said nuru is a long-time volunteer there and was working with other volunteers when this happened. nuru is currently under investigation for federal corruption charges. >>> happening today, governor newsom will speak at noon as califo

black caps 101 for 2 chasing india's first innings total of 217. in the nhl — vegas golden knights host the montreal canadiens later on tuesday with their stanley cupe, the second game in a row that was decided in the extra period. you can get all the latest sports news at our website — that's bbc.com/sport. but from me and the rest of the team that's your sports news for now. now how's this for a story of heroism and friendship? xavier bouget was walking through his village in france when he saw a vicious attack taking place. he eventually stepped in and rescued blanchon and the two of them are now inseparable. the only twist — blanchon is a pigeon. the bbc�*s tim allman explains. # thank you for being a friend # travel down the road and back again # your heart is true, you're a pal and a confidant.# to call them the odd couple seems almost like an understatement. an 80—year—old man who used to work in the building trade and a 2—year—old white pigeon. their unusual friendship began when xavier — he is the man, not the bird — was out for a stroll. translation: i saw a small, almost featherless, pigeon i fall to the ground and tried to escape some c

black lives matter. >> this crowd of people marching on the guadeloupe freeway to police headquarters chanting the name of demetrius stanley. pictures show stanley pointing a gun at officers as they were conducting an armed robbery investigation. family members tell our news partners that is not the whole story. they say neighbors home security video show police officers were in plain clothes in unmarked vehicles and did not announce themselves as police. the police department said it is being transparent with the family. >> officer involved shooting, person of color. there is a lot of questions. people want answers. we are meeting with the family. we are sharing as much information as we can with them. >> the monday night shooting marks the second deadly police shooting of the year by san jose police. >> today marks one week since a mass shooting in san jose that left nine bta employees dead. as the community continues to mourn the lives lost, this investigation is picking up. the sheriff's office just released new body camera video. our reporter amy hollyfield is live with what they are sharing with us. amy? >> reporter:

black kids get killed by cops. activists say more protests planned in the coming days and weeks, stanley family has set up a go fundpage to help them pay for counseling, funeral and legal services in san jose jesse gary ktvu, fox two news. santa clara county coroner's office has completed its autopsies of nine men who were killed at the vta light rail yard last week. the medical examiner says all the victims died of multiple gunshot wounds, and their deaths are considered homicide. investigators say vita employee sam cassidy killed co workers in two buildings last wednesday, using 39 millimeter handguns. they say he took his own life as law enforcement officers approached. and if you would like to help the families of the vita shooting victims, you can participate by supporting working partnerships usa just scan the qr code. you see right there on your screen. it appears that the death of a firefighter in southern california yesterday was also a case of workplace violence. authorities identified that victim is 44 year old tory carlin, who was married with three daughters, the firefighter specialist served more than

black kids get killed by cops. activists say more protests are planned in the coming days and weeks to stanley family is setting up a go fund me page help them pay for funeral consulting and legal services or live outside san jose police headquarters this evening, jesse gary ktvu fox news we'll head back to you and jesse again. that suspect according to authorities had an illegal ghost gun, saying that he was not allowed to legally purchase a gun because of his criminal background, correct. whether he had a domestic violence charge against him was also under arrest and bailed out of jail for an armed robbery charge back in march of this year, so it was not legally able to have a gun and then the gun. he had also had an extended magazine or high capacity magazine with it, which is also illegal, heather all right, jesse gary reporting live for us there in san jose, jesse. thank you. a wrongful death claim has been filed against the city of alameda over the death of mario gonzalez, who died in police custody. the claim was false. by the gonzalez family. it is a legal step taken before lawsuit can be filed against the

stanley cup final. they will play montreal canadians, should be a classic. i love the canadians sweaters. my third favorite sweater behind sharks and red chicago blackawks sweater. love that. that's enough. i will see you later. >>> live at san francisco where pride weekend is underway. festivities kicked off last night with the live music near dolores park. for a second year due to the pandemic, there was no big parade down market street. many celebrated reopening of the castro theater and enjoyed seeing old friends return. >> this is absolutely phenomenal. this is family reunion. >> we are here. we are happy and we are here. the main goal is get out of the shadows and know to everybody that we are trans and proud to be trans. >> kpix bringing you the best of san francisco pride. join us after our 11:00 p.m. news and tomorrow at 7:00 on kbcw as we celebrate 51 years of pride. we'll be streaming on cbsn bay area. >>> coming up on kpix5 and streaming on cbsn bay area, 90 days in making, vice president's long awaited trip to the southern border. her message to critics who say that visit was long overdue. >>> there is a cause for concern in southern ca

stanley the latest firm to say it wants its workers back in their offices, but if they aren't vaccinated, well, they aren't back in their office as lauren simonetti has more on this. that's a pretty blackstarts next month at morgan stanley for their new york metro large offices. employees must have vaccination by july 1 to enter the building and same goes for their clients and visitors blackrock also won't allow in the unvaccinated staff. for the airlines delta requiring vaccines for new crew members and united for certain crew members flying to certain areas, usually covid hotspots. the broad way play hamilton and sachs fifth avenue is this legal, neil? yes. states and private companies can dictate how they will maintain a safe workplace. they will facilitate the return to normal by eliminating physical requirements that were dictated by covid because their employees have been vaccinated, but by law, they must also provide an accommodation for the unvaccinated due to disability or religious beliefs so what does that include? it could be a periodic testing, they have to wear face masks in the building or have a modified shift. what it means at morgan stanley for now is is that you stay

stanley or take any action whatsoever. >> reporter: but his friends and family members say they are angry and heart breaking, questioning whether he knew he was approaching officers. >> another young black man has died at the hands of police. it's never easy to lose someone. >> his family is grieving. they lost, some family members lost their best friend. they don't understand how this happened. he was a great guy. >> reporter: the shooting, by the way, is now under investigation, both by an independent police officer and the santa clara cou office. scott budman, nbc bay area news. >>> we have new data to share about the coronavirus. california's risk level continues to be among the lowest in the country in terms of states. take a look at this map now from covid act now. it shows your risk of catching covid in each state, relatively speaking. there are four trouble spots here. four states highlighted in orange. among them, the state of washington, colorado, wyoming and west virginia. that means they have a case rate of more than ten per 100,000 people. let's take a closer look at california and florida. we've had some of the strictest covid rules in the country. our case rate, 2.4 per 1

minority representation, especially black representati as the years follow we'll have to keep an eye on that. >>> frank, it's interesting that you lk to morgan stanleyve their diversity numbers and even the data they'vgiven us, although it's a couple yea old, shows within the bank they need -- there is progress to be made still >> yeah. i spoke to a chief human resources officer about that he said that they're working on it most of the big banks would admit they have work to do one of the things is that many of the biganks they're feeling competion from outside companies, tech. other people startg their own finance companies, wanting to bran away and part of that is i think that's something that i know for a fact morgan stanley says they're working on and the other big banks as well. >> frank, your work this week has been exemplary and it's a story that resonates across all kinds of new silos financial news, general news, you name it. >>> coming up on tech check, the ceo of hpe is with us on the company's latest quarter it starts at 11:00 a.m. eastern time "squawk on the street" in the meantime will be right back. ok, at at&t everyone gets our best

black colleges and universities. in addition, we're concerned like everyone with how to deal with climate risk over the next decades, which will have profound socioeconomic effect on our communities. morgan stanleyognizes the threat that global climate change poses and we're working with our clients to find ways to mitigate it. finally, early in the pandemic, we committed to making no reductions in our workforce through 2020 to help our employees navigate this crisis. thereby providing reassurance to 70,000 families in a very difficult time. i'm proud of that commitment, and the commitment our employees have shown to their clients. chairwoman waters, in your letter dated april 30, 2021, you asked me to provide information on 14 topics. in the spirit of brevity, this information is now included in the attached addendum and i look forward to your questions. >> can you hear me? >> yes. >> yes. >> thank you very much. >> we cannot hear you. >> okay. it keeps changing. okay, we're back now. i want to thank you, mr. gorman. next we will go to mr. moynahan. you are now recognized for five minutes to present your oral testimony. >> chairwoman waters, ranking member mchenry, distinguished committee membe