Item 2, communication. We welcome Public Participation during Public Comment period. There will be a opportunity for general Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and wi
The consumer may be under pressure, but megadeals are still happening. The ultra highend Real Estate Market. Well be joined onset by Mauricio Umansky for the latest read on how much the uber wealthy are buying. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, dan nathan, and guy adami. The dow climbing over 40,000 for the First Time Ever today. The feat coming less than four years after it first hit the 30,000 mark, but the index pulling back midday and ending up slightly in the red. One big winner in the dow, walmart, which notched its best day in four years, after earnings this morning. The retailer citing significant ecommerce gains and growing business from higher income consumers. Former walmart u. S. Ceo bill simon is using the bword. Bubble. He will join us to explain. We wanted first to get the thoughts here on the desk. Given where we are trading here, at alltime highs, on walmart. And do you think that what is driving the stock
Having the best it infrastructure is very important so thanks again to karen and team for working on the budget. Next in terms of june and Board Meeting, you may have noticed it seems we have ebb and flow of long and briefer meetings. The last meeting of the quarter is more packed with topics. The same will be true in june, so we apt there will be closed session items, quarterly performance review, likely changes to the its related to the approved new Strategic Asset allocation. On the administrative side, provide a update on strategic plan, election of president and vise president and might have policies to approve. A lot of big items to cover in june and wanted you to be aware that might be a longer meeting. With that, as you know, in the materials we always have the board calendar, the conferences and training and this quarters travel expense report. Open up to any questions. Any questions . Thank you. Public comment, please. Do we have inperson Public Comment on this item . Seeing
Adobe. And were off to the races without any real worry about last minute status of darn tax bill which is looking more and more likely that it will become law next thing you know, the dow rockets 143 points nasdaq,. 9 . Nasdaq pole vaults up 1. 17 . It is easy, isnt it look, we dont even know what is going to happen in washington. But as i told you last night, were in the torpedos full speed ahead moment i am telling you, its underrated by everybody. Corporate earnings witness the pin action from costco and adobe so while the specter of washington haunts the market bad, they cant stop the averages from going higher will it continue since earnings are really in charge here despite you think it may be the tax cut, i went over the last day cut it, raise it it doesnt matter. What matters is earnings lets go right to next weeks game plan. The big competition in stocks is bonds. Let me put this scene setter here obviously on monday we want to see what happens to that tax bill we also get so
It was like five sessions between 25,000 and the zeseventh trading sessio. From january 4th to yesterday is when we saw the 1,000 point move in the dow oil breaking, which is a weird Reason Energy stocks came down as a result just the idea lets hold off for a second nevertheless, with all of that, the s p 500 still remains on pace for its biggest monthly gains since march of 2016. The nasdaq is still on its biggest monthly gain since july of 2016. Look at what happened overnight in asia, you will see the nikkei was down by a third of a percentage point back to this morning sorry, flipflop back to this morning, you are look at double digit gains or triple digit gains once again for the dow. This comes after last night the nikkei down by a third of a percentage point hang seng and shanghai stocks both ended higher bay quarter percentage point in europe, where you see the early trading this morning, you will see at this hour theres a bit of weakness. Dax is down by 0. 2 . Ftse down about