P president driscoll, you may start the migrant. Meeting. Due to covid19 and the Governor Newsom and mayor breed have lifted the tre tree restrictionn teleconference, this meeting is being held teleconference. In our published notice and on the web page we ask the public to participate remotely by writing to the board or by leaving a voice mail manage. I will ask all members of the board to mute themselves to minimize background noise and keep your cell phone remote, as well. Board members will unmute themselves to comment. There is staff in the background managing the Technology Functions during the meeting to switch from my slide presentation to whom ever is speaking at that moment. Thank you to all who have put this meeting together. Technology and this device is increasing and there will be more changes, all to make the meeting and the interaction go smoother. At this point, can we ask ase commissioner to unshare his screen. Square with arrow and not an x. Thank you. Item number 13
We have thetake away. The tesla tumble as a new stock takes its place. Getting set for the final jobs report before the next policy decision. The key demographic driving the higher trends. Its friday, march 8th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thanks for being with us. We will get you ready for the trading day ahead. We check the u. S. Stock futures with the s p coming offanother record close. Futures are green across the board. Dow opening 20 points higher. The nasdaq moving higher right now up over. 30 in the premarket. We are looking at the gainers on the s p after yesterdays record close. Take a look. A very big concentration on tech. Nvidia at the top up 3 in the premarket. Intel and micron in the list. Adobe down here as well. Also this morning, we are seeing 81 s p stocks trading at 52week or alltime highs. The highs are broad based across industrials and materials and more. We are checking the bond mark
This is what democracy looks like. Cspan, powered by cable. Jerome powell testified on Interest Rates inflation before the banking committee. They talk about Bank Requirements and immigration and Digital Currency after his remarks. This is nearly 2 1 2 hours. Thank you, the Housing Affairs committee will come to order. General powell, after your Opening Statement and you want to give it again, you can certainly do that. The fed has immense power in shaping the economy, your report is clear, stable prices and employment. The cost of living is too expensive for americans. The fed has one tool to fight the hi p rates. That tool does nothing to takes the real cause. Corporations price gouging to boost profits and make their shareholders richer. Higher Interest Rates dont force corporations to lower their prices but high Interest Rates are raising housing costs, hindering wage growth, stifling Small Businesses, we all know that. Now is the time for the fed to decide whether it will make goo
Maria good tuesday morning, thank you for joining us this morning. I am maria bartiromo, tuesday march 5, super tuesday your top stories, 6 00 a. M. On the east coast. 16 states and one territory headed to the polls for the biggest rush of the 2024 primary season. 854 delegates after god for republicans another 1420 up for grabs for democrats, donald trump facing off against nikki haley as president by the contest with the growing uncommitted vote. All of this after historic unanimous decision by the Supreme Court ruling that states cannot remove a president ial candidate from the ballot but interest the string of democrat state by colorado to remove President Trump from the state primary ballot. You cannot take somebody out of a race, the voters can take 70 alvarez very quickly but a court should not do that in the Supreme Court saw that. Maria President Trump responded to the action, the market pulling back, indicating a decline, the dow industrials down 148, the nasdaq is notable do
And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed has lost control of the narrative. Then speakers can keep coming out. We heard from Patrick Harker today. They have lost control of the market is what sign around with what they perceived to be inflation. Jonathan it is easy to blame inflation but they came in soft. Annmarie they will point the hands at congress for a number of reasons because they dont have a speaker. When you look at what the Con