Director chang and are alternates. Il call roll. Director forbes. Here. Director baptiste. Present. Why director lipkin. Why present. Director syed. Present. Director tumlin. Present. Chair gee. Here. Directors we have quorum. Am item 3 is communications. Wield like to note process for the public to comment. Members of the public may comment on the meeting during Public Comment period in person or remotely. The call in line as a courtesy and may be disrupted due to technical difficulties. In person comment will be taken first. Remote comment after. The public call in line is on the agenda and dialing strukdzs should be scrolling at the bottom of the screen on sfgovtv. Are there communications. Next item. Item 4 is board of directors now and old business im not aware of any. Next item. Directors. Item 5 is the executive directors report. Executive directo van de water is here were excited bring in items to you that we have been planning on for over 2 years now. And these will advance th
Results at the bottom of the hour. Markets off their highs of the morning. We did have a little relief trade higher the s p was up more than 1. 1 at the highs, right back to that 4500 level thats been sticky the dow is closer to its highs of the month, actually and the nasdaq outperforming a little bit today as bond yields remain fairly tame, carl. Got the tenyear back to 3. 95 for a moment the vix back below 15 for a moment signs we had gotten used to in july we relaxed a little. The weekly claims is digestible but there was an uptick. Soft landing premise remains intact well see if the markets get tested on that assumption at this point cooler than expected inflation driving markets after that cpi report exfood and energy at lowest levels since october of 2021 but the probability of another rate hike in september down to 10 . Is the fed on the cusp of executing this soft landing many thought impossible joining us pimco managing director josh schneider. New data anything change about
Good morning. Welcome to our august meeting of the transbay joint powers authority. Hope you are having a good summer the best is yet to come grownup and lived and born in San Francisco the best weather is the month of september. Roll call, please. Good morning. Directors. Prior to taking roll i note that director chang is not here but is expected. And director eltawansy and vice chair mandelman are absent. Director chang and are alternates. Il call roll. Director forbes. Here. Director baptiste. Present. Why director lipkin. Why present. Director syed. Present. Director tumlin. Present. Chair gee. Here. Directors we have quorum. Am item 3 is communications. Wield like to note process for the public to comment. Members of the public may comment on the meeting during Public Comment period in person or remotely. The call in line as a courtesy and may be disrupted due to technical difficulties. In person comment will be taken first. Remote comment after. The public call in line is on the
Tilray, ceo irwin simon is coming up. Having a nice double digit increase this morning. Markets giving back mondays gains and then some on some concerns about china weakness and the macro, moodys drawing attention to some banks, worst day for the kre since may. The vix back we havent talked about the vix. Everything is selling off, except for health care, thats up 0. 50 thats thanks to names were seeing in names like eli lilly, potentially gamechanging studies on Heart Disease from the obesity drugs. Overall, carl, its a selloff kind of day, its broad. The focus continues to be on soft landing, no landing well get a key Inflation Report on thursday that will be definitive in trying to figure out what happens there on the policy front meantime, tenyear snuck back below 4 this morning. Were talking about growth now as opposed to inflation. Well see what cpi does to that conversation breaking data out of the new york fed Steve Liesman has that hey, steve. Good morning, carl. Some mixed da
Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s