Half hour from now it looks likes the s p may be down ever so slightly. European markets were in the red last time i look thank you for spain and for italy, maybe one day well even get a look at the bond market. The tenyear note yield is important right now, particularly given that 2. 14. Wow. Wasnt it supposed to be a 3. 14 yes, i think they were talking around june, at least 3. Not the case a big story were going to talk a good deal more about is oil. Lets get to our road map and start you out with some stocks oracle, shares are up sharply on earnings well look at whats moving that stock. Later, by the way well have an sclouf on interview with mark hurd they want to take a major stake in American Airlines, what is that all about . Smoke em peace pipe . Well try to figure that out to the best we can by the way, what as to yim cramer and Homer Simpson have in common adobes ceo shows us. Hes game. Hes got a demo of its newest product. I want to see that. We have so much to talk about, i
Fallout from that not only in the oil specific market. Recent slide. It has to do with the crude Oil Inventories number. I looked at the chart. Take a look. This is the weekly change. To taken all the way back 1982. Just a few weeks after we had the biggest draw down on record this is the biggest billed by number of barrels we have seen on record. In percentage terms the week over week change of 3 is the biggest we have seen since 2008. Fairly unprecedented. It comes a time when the oil market is already fragile. Have already seen a pullback that is insignificant. 13 , 12. 5 in the past two weeks alone. Than six dollars being taken off the price of wti already. This doesnt just have an impact on oil markets. It also has repercussions for equities as well. U. S. Averages at their lows of the session. It has to do with energy stocks. Energy shares down by 2 . Thats the worst performing group in the s p 500 now. Utilities, financials and Telecom Services are selling off today. Talking abo
[gavel] president breed good afternoon everybody and welcome to the San Francisco board of supervisors meeting of may 3, 2016. Im clerk please call the roll clerk sup clerk breed campos, present. Supervisor cohen not present, mar, not present peskin, present. Supervisor yee yee you have a quorum president breed ladies and gentlemen please join us for the pledge of allegiance. [pleage of allegiance] president breed thank you, mdm. Clerk of any communications . Clerk none to report president breed we you please read the consent agenda. Clerk items 1 to 10 are on consent. These items are considered routine of the member objects item may be removed and considered separately. Read see no names on the roster please call the roll clerk items 110 mar absent tang aye yee supervisor there are 10 aye president breed these items are passed on the First Reading and adopted unanimously [gavel] president breed next item be good item 1 administrative code the way the filing fee per bistro criteria for
President breed good afternoon everybody and welcome to the San Francisco board of supervisors meeting of may 3, 2016. Im clerk please call the roll clerk sup clerk breed campos, present. Supervisor cohen not present, mar, not present peskin, present. Supervisor yee yee you have a quorum president breed ladies and gentlemen please join us for the pledge of allegiance. [pleage of allegiance] president breed thank you, mdm. Clerk of any communications . Clerk none to report president breed we you please read the consent agenda. Clerk items 1 to 10 are on consent. These items are considered routine of the member objects item may be removed and considered separately. Read see no names on the roster please call the roll clerk items 110 mar absent tang aye yee supervisor there are 10 aye president breed these items are passed on the First Reading and adopted unanimously [gavel] president breed next item be good item 1 administrative code the way the filing fee per bistro criteria for place o
President breed good afternoon everybody and welcome to the San Francisco board of supervisors meeting of may 3, 2016. Im clerk please call the roll clerk sup clerk breed campos, present. Supervisor cohen not present, mar, not present peskin, present. Supervisor yee yee you have a quorum president breed ladies and gentlemen please join us for the pledge of allegiance. [pleage of allegiance] president breed thank you, mdm. Clerk of any communications . Clerk none to report president breed we you please read the consent agenda. Clerk items 1 to 10 are on consent. These items are considered routine of the member objects item may be removed and considered separately. Read see no names on the roster please call the roll clerk items 110 mar absent tang aye yee supervisor there are 10 aye president breed these items are passed on the First Reading and adopted unanimously [gavel] president breed next item be good item 1 administrative code the way the filing fee per bistro criteria for place o