China is stepping up support for its economy by wrapping up spending and considering new measures for back lending. Beijing will make more money available to local governments and minimal amounts banks must set aside to cover bad loans may be reduced. Lets take a look at the market. Hong kong and china are closed for lunch. But they fell in the morning session. After two days of gains, the japanese stocks as well as singapore are all down. I will be back in half an hour. Emily this is bloomberg west. Last years Growth Stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big stake. Major investors weeding out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. There was a time when the only thing they had in common was the description as Growth Stocks. Today the businesses b
Appropriate. Former United Nations secretarygeneral interest which pope francis is in mexico where he delivered a massive stadium rally on behalf of fighting the drug trafficking. That is bloomberg news. Emily this is bloomberg west. Last years worth stocks are this years biggest losers. A dramatic revaluation. Groupon shares get a huge boost on news that alibaba has taken a big steak. Ake. Major investors meeting out largecap technology out of their portfolios. The major revaluation of Technology Stocks underway in 2016. We will focus on three companies in particular, netflix amazon and activision blizzard. When the onlyme thing they had in common was the description as growth stocks. Businesses bleed together. They all can pediatrician content for us streaming video. Into 2016. From 2015 all the stocks have been slammed in 2016. More than 20 declines. What do we read into this . David, should we be thinking of this as a sector wide story . I just came from giving a speech. One of the
Item 4 approval of the minutes mr. Chairman a member of the public that wishes to address you patrick. Good afternoon. Good afternoon director nolan im patrick those minutes are met indicated that ms. Bloomer refused last meeting to distribute any turn out ive requested even though i see director ramos cringing his e e neck to see the handout on the overhead display the monitor. As i testified you cant have 2 millions bused stops the muni bus zones which the october analysis showed 2 pointed 7 messenger percent of the shuttles were blocking suggesting 32 thousand obviously the sheer blockage of the shuttle buses have an adverse impact on the vulnerable pedestrians but more troubling ms. Bloomer wrongly constituent my testimony at the end of these minutes not the body of minutes where they belong Sunshine Task force xhuvent rules the testimony belongs in the body of the minutes not at the end and sunshine section 67 dot 16 states written testimony shall if more than one and 50 words be
Add the sunshine ordnance has made comments to that effect in the board agrees to move the section that will be fine. A i. I. The is have it. Ladies and gentlemen, were going to move the agenda around and go to immediately to item 11 and back to the Court Reporting directors report so actually mr. Chairman before we move on im required to announce agenda no closed session that communication having been directed to call item lovingly immediately item 11 is supporting the revisions to the Pilot Program limiting it to one year requiring a 6 month and cap the loading sown eurozone for more efficient zoning and this monitoring the air quality at the individual locates and a study on the possible impacts of the commuter shuts off and others factors on the displacement directors staff has asked the board to consider an amendment to the resolution it is the resolve clause that states resolve that the director of transportation will commission a study on the shuttle and others displacement they
First up the iphone se and new pro now available in apple Stores Across the country. Josh is outside one of them in palo alto. How is it going. As you can see its pretty quite still here in downtown palo alto and another sign of that expected muted reaction apple stores will be open at their regular times today but we should keep in mind that for apple the se is targeting a different consumer. Apple did sell 30 million iphones last year. The hope is they now give some of the people a reason to upgrade and also with the starting price of 399 it could also appeal to more price Conscious Consumers and theres also the new smaller version of the ipad protoday. For our audience, for traders, for investors, the ipad is no longer as financially material as it once was. It now makes up 10 of the countrys revenue but whenever i talk to tim cook he remains confident in the product and the ipad and does believe theyll continue taking more and more share in the work place. Look at apple stock. They