. >>> welcome back to morningstar 2. gavin newsom assumed the governorship later today. a lot of people see how he leads. >> it is kind of a quiet position, but we will explain how newsom could lead differently from outgoing governor, jerry brown. >> perhaps it was an omen in 2004 when gavin newsom was sworn in as san francisco mayor of the youngest in a century. >> it is official. congratulations. >> 15 years later, he replaced governor jerry brown who when first alexi smack elected was 36. >> i think he is going to carry over governor brown's legacy and try to put his own imprint on it. >> expect bold statements from newsom similar to the 2004 decision to allow same-sex couples in the city to get married. even though it was eventually shot down, that move is widely credited with launching the movement that eventually led to the legalization of same-sex marriage. >> i think he will turn his energies to other areas like early childhood education, preschool, public education for all, public health for all, housing, these are the issues i think he is going to turn that sam

this morning morningstar put out its annual report on fund flows for 2018 $207 billion went into passive index accounts that's jack bogle. $174 billion went out of active. ladies and gentlemen, jack bogle's legacy is very much with us i'm proud to say i too was a jack bogle disciple. >>> as we go to break, take a look at the markets. dow is down 58 points. movement in treasuries today, 2.73 back in a minute was ahead of its time. still, we never stopped making it stronger. faster. smarter. because to be the best, is to never ever stop making it better. the new 2019 c-class family. lease the c 300 sport sedan for $429 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. the aarp auto insurance program from the hartford? let's take a ride with some actual customers and find out. - well, tell me about your experience when you switched to the hartford. - when i switched to the hartford, i'm sitting there thinking, "man, i should have "turned 50 years ago." they saved me a bunch of money. you can't beat that. - what blows me away about the hartford is their lifetime

so you soon won't have to make a pit stop for your morningstar bucks.he chain is expanding itsde ivery service to nearly a quarter of its u.s. storrs. today delivery will roll out in san francisco. the idea was tested in miami last fall. nearly the entire menu will be available through uber. it will cost you anxtra $2.49. >> but you're goc get your coffee right to you. eople are going to pay for the convenience. >> absolutely right. they'll pay more. >> absolutely. e i'm not doing it. 4:56. it's going to be another bitter >> indeed.r you. grab your hat and scarf. we'll tell you aboutd the schoo ays. >>> and chuck will let us know when we're going to warm up a bit. fact: some of your favorite foods stain teeth. unlike ordinary whitening toothpaste, colgate optic white has hydrogen peroxide that goes below the tooth's surface for a smile that's 4 shades visibly whiter! colgate optic white. whitening that works. >>> good tu morning, everyone. i'm molette green. aaron gilchrist has the morning off. >>d i'm eun yang. tuesday, january 22, 2019. >>> before we

. >>> morningstar out with a report explaining why it's become more difficult for u.s.rform their benchmarks. what now, leslie >> sara, as you know, it's only gotten more difficult over time to pete tbeat the market. the question is whether it will ever get any easier. in the last two decades, fewer and fewer managers are beating the relevant benchmarks. the so-called success rate was one out of every six in 2018 that compares with nearly 50% in the early 2000s. so is this a structural phenomenon or cyclical can it ever be reversed? that new report says, no, it really can't morningstar points to research on greater competition with marginal investors leaving the field leaving behind a more skilled field of investors to scrap over every morse sel of excess return. as you can see, the chart shows the dispersion between different styles the best performing strategy compared with the worst performing as you can see it gets more crunched up over time, meaning that tilting outside of your focus, for example, a large cap manager picking up some small cap stocks, that strategy

. >> just to clarify, this is a recommendation that morningstar will be appointed to seat 7. 7. >> supervisor yee: correct. >> clerk: that completes the agenda today. >> supervisor yee: the meeting is adjourned, thank you, very much. ♪ >> about two years ago now i had my first child. and i thought when i come back, you know, i'm going to get back in the swing of things and i'll find a spot. and it wasn't really that way when i got back to work. that's what really got me to think about the challenges that new mothers face when they come back to work. ♪ >> when it comes to innovative ideas and policies, san francisco is known to pave the way, fighting for social justice or advocating for the environment, our city serves as the example and leader many times over. and this year, it leads the nation again, but for a new reason. being the most supportive city of nursing mothers in the work place. >> i was inspired to work on legislation to help moms return to work, one of my legislative aids had a baby while working in the office and when she returned we had luckily just converted a bathroom at cit

. >> just to clarify, this is a recommendation that morningstar will be appointed to seat 7. 7. >> supervisor yee: correct. >> clerk: that completes the agenda today. >> supervisor yee: the meeting is adjourned, thank you, very much. >> when i open up the paper every day, i'm just amazed at how many different environmental issues keep popping up. when i think about what planet i want to leave for my children and other generations, i think about what kind of contribution i can make on a personal level to the environment. >> it was really easy to sign up for the program. i just went online to cleanpowersf.org, i signed up and then started getting pieces in the mail letting me know i was going switch over and poof it happened. now when i want to pay my bill, i go to pg&e and i don't see any difference in paying now. if you're a family on the budget, if you sign up for the regular green program, it's not going to change your bill at all. you can sign up online or call. you'll have the peace of mind knowing you're doing your part in your household to help the environment. it. >> shop & dine in the

. >> just to clarify, this is a recommendation that morningstar will be appointed to seat 7. 7. >> supervisor yee: correct. >> clerk: that completes the agenda today. >> supervisor yee: the meeting is adjourned, thank you, very much. >> welcome everyone. my name is david cook. i am the president of the board of the directors of the episcopal community services. is my privilege to thank you all for being here on this wet but very important day as we inaugurate the bryant street navigation center. i wanted to take a minute to give a special welcome to our distinguished roster of guest speakers will be hearing from in a few minutes. the mayor is here, filled tagging tag tony tried various, and rebecca from google. i would also like to welcome leaders and staff of the department of homelessness and supportive housing, here. i would also like to welcome all our other partners and friends and members of the press who are covering these issues so diligently. a special welcome to the board members and staff who showed up today. one of our senior staff members will be offering some interesting insight

. >> just to clarify, this is a recommendation that morningstar will be appointed to seat 7. 7. >> supervisor yee: correct. >> clerk: that completes the agenda today. >> supervisor yee: the meeting is adjourned, thank you, very much. . >> the san francisco carbon fund was started in 2009. it's basically legislation that was passed by the board of supervisors and the mayor's office for the city of san francisco. they passed legislation that said okay, 13% of the cost of the city air travel is going to go into a fund and we're going to use the money in that fund to do local projects that are going to mitigate and sequester greenhouse gas emission. the grants that we're giving, they're anywhere from 15,000 to, say, $80,000 for a two year grant. i'm shawn rosenmoss. i'm the development of community partnerships and carbon fund for the san francisco department of environment. we have an advisory committee that meets once or twice a year to talk about, okay, what are we going to fund? because we want to look at things like equity and innovative projects. >> i heard about the carbon fund because i u

morningstar shows the fun to 97% of peers any rough year for fixed income investors.s a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm stephen engle. this is bloomberg. yvonne: asian stocks open lower this morning, japan slumping in its first trading day of the year. let's bring in garfield reynolds. let's see what it is we are asking everyone in the bloomberg world and our viewers. question of the day, how scared are you buy this ugly new year in markets? questions weof the should ask guests today. how fearful are you? garfield, how scared are you? garfield: well, i don't have to be scared at all, i am just reporting on the markets but a lot of the people in them are very worried. they are tearing their hair out. andof last year was bad even the mini recovery after christmas was so frenetic that it didn't really help, either and there was a lot of, once we get through that, maybe we get into the new year, things can settle down a bit and instead, so far every day has brought at least a couple of l

nd is the medicine working we will check the prognosis this year with morningstar.rg markets: asia. >> we are entering the last hour of the morning session in hong kong. it is pretty risk on across today.arkets we didn't have that disappointment with china's industrial production numbers probably 1.9% in december year on year. you also have this likelihood of further stimulus coming through from the pboc, spurring a potential $37 billion in bank lending. you've got chinese and hong kong markets looking solid. the taiex getting back above the 10,000 level for the first time since early december. the philippines also looking very solid today. australia is out of action for the australia day public holiday. have a look at iron ore. there has been a disaster at the valet mine, pushing contrasts -- contracts in singapore up. you can see it in the currency market as well. a lot of buying coming through. rising to its highest level since july in both the on and offshore trading day. david: we will see what india looks like this week. we keep talking about earnings this wee

down 6.2%, the stock has been downgraded by several brokers this morning, including morningstar event boosted morning guidance. shery: thank you so much. we have the latest numbers from lg this play. we have breakout of the fourth quarter operating profit, 279.2 5 billion yuan, higher than the estimates of 253 billion yuan. we are seeing the fourth-quarter net higher than the estimate of 53 billion yuan. 24.3 billion yuan. fourth-quarter sales -- the estimate was up around that level. 92.8year operating profit, 9 billion yuan. they are looking at the breakdown. we are seeing lg display reporting operating profits for the fourth quarter that beat the highest analyst estimate. it is worth mentioning that 30% or more of the revenue actually comes from apple. we are seeing them beat estimates. lg display will be looking at how they trade when korea open street right now, we are seeing fourth-quarter net display area shift 11.1 million for the fourth quarter. haidi: yeah, the outlook for a lot of tech and ship suppliers hinging on the outcome of these trade talks this week. shery, the tru