roll call . We have a quorum. Our standard rules are posted in the agenda will be applied today to include Public Comment. We are going to start with closed session. Before i go into closed session, is there Public Comment . Okay. Motion for going into closed session. So moved. Any party that needs to leave, please make sure your cell phones are off. Reconvened first item of business is reporting out of closed session. Is there a motion whether to disclose. I move not to disclose. Second. Is there general Public Comment . I am john spencer. I am a 44 year member of our pension fund. At your last board meeting, your Investment Consultant told you that our pension fund had spectacular returns. If you use poor performing public Pension Funds as a beverage mark you have good returns, not spectacular. If you want spectacular returns you only need a passive investment in stocks, bobbeds, real estate. Let me give the 10 year returns. Bgsix index vanguard yeartodate returns 25. 66 . 10 year an
Morning. Education secretary rick perry calling it a deliberate attack on the Global Economy. Plus oxycontin maker, pharma filing for bankruptcy this morning. First up, though, a series of attacks on two of the Worlds Largest Oil Facilities in the news the u. S. Is rejecting that notion saying the scope and the precision of the attack suggests the launch was made by the houthis but, in fact, originated by iran. Iran calling the claims baseless and unacceptable guys, weve been talking all year long about what it could take to produce a true supply shock. I think theyll come back 5. 7 Million Barrels. Look theres a temporary inability to get permian oil. You can only ship so much. You have one harbor who can handle it, two others. Corpus christi not yet i guess what im saying it cant. Were pumping too much and it does remind you if we had even more pipelines, we could just turn the spigot on its not the Strategic Petroleum reserve. Its the permian. There are a lot of key questions. One,
After class let out this afternoon. Our kpix 5 morning aker took these photos. The suv flipped over in the parking lot at concord high school. It is a black jeep on its roof. Some broken glass on the grounds. What report is that one student was slightly hurt. No other injuries were too serious. At the live newscast, i am ken bastida. Today the man arrested for allegedly attacking a woman outside of her San Francisco condominium will not face charges for an earlier incident. Ther it shows him violently arrest wrestling a woman. After the release of his mug shot, a woman came forward claiming that he attacked her with a knifebarcadero. Now the District Attorneys Office say be dropped. The d. A. Will asked that he remains in custody. He is hot water this evening. He is accused of threatening his exgirlfriend. He is accused of threatening his sons mother if they did not allow their sevenyearold son to attend his wedding. He allegedly made the threats on friday, one day before his wedding.
U. S. President donald trump says the fed should cut rates by a full percentage points. Im not saying there are not circumstances in which i would be willing to ease. I just want to see evidence we are going into something that is more of a slowdown. Growing at 2 , im not as worried about that. Another reprieve for huawei. Riskon sentiment for stocks. Mark mobius says it is better to go for gold. I think you have to be buying it frankly. The gold longterm prospect is up and up. The money supply is up and up. Matt bhp investor bonanza, the worlds biggest miner boosted its dividend while warning on raw material prices. Mckenzie says it bhp can weather any storm. Ready for whatever the road might throw at us. Downturn,fit from a lot moren also get a cash in an upturn. Matt a halfhour away from the start of European Equity index trading. First, u. S. Treasury yields continue to rise. This is up 1. 59 . Over three days, it is rising. Today we see from yesterdays close, a couple basis points
District. 2 news. This is mornings on 2. Welcome back to mornings on 2. Its thursday, august 22nd. Pam is enjoying the dayoff. How you doing great. I know that. Thank you for having me here. Im dave clark. Steve is off today but we have kyla here talking about how warm. Warm weather. Kind of tropical feeling. It does. Its interesting. We will talk about Tropical Weather later. Kind of related to that. Whats happening with us is we have these clouds that are rolling in. As they do they are helping kind of keep a warmth in the ground. It helps to kind of insulate the heat of the day instead of escaping at night when you have cloud cover. It helps keep it in like a hat on. The clouds developed across the bay area and here is the warmth concord. Good morning. Same story for fairfield. Look at napa at 66. 68 in nevado. When is the last time we talked about near 70 degrees at five in the morning not usual. We are planning to go from these 60s to basically into the 70s and even into the 90s i