Do This Week's Earnings Justify Market Valuations?

Aug. 1 (Bloomberg) -- Brean Capital's Peter Tchir and Bloomberg's Cory Johnson look back at this week's corporate earnings reports. They speak with Trish Regan on "Street Smart." (Source: Bloomberg)
Brown: Mandatory Water Curbs for California Drought
15:39 - California Governor Jerry Brown, a Democrat, speaks about the state's drought now entering its fourth year and first-ever mandatory water restrictions put in place today. Brown issued an executive order seeking a mandatory 25 percent reduction in use and a requirement that new homes feature water-efficient irrigation if the builder plans to use potable water for landscaping. He also called for 50 million square feet of lawns to be replaced with drought-tolerant landscaping and required campuses, golf courses and cemeteries to cut back on water. (Source: Bloomberg)
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