The room. Please be advised that cell phones that are set on vibrate do cause microphone interference, so, the board respectfully requests that they be placed in the off position. Item 4, communications. Do we have any . I have none. Okay, thank you. Item 5. Discussion of votes to conduct a closed session. Motion . Motion. Motion. Second . All we are back in open session now. Item 9, announcement of closed session. The board of directors net closed session to discuss negotiationseses but took no action. Item 10, motion to disclose or not disclose information discussed. Move not to disclose. Second. Any further discussion, all in favor say aye. Aye. Ayeses have it, so ordered. Okay. Item 11, introduction of new or Unfinished Business by board members. Members of the board . Nothing, okay. Directors report. Mr. Reiskin . Thank you, good morning, mr. Chair, members of the board, members of the staff and public. Some i think good news to report today. Were in a very different situation tha
One might say that we are little bit tired, but we are not, right . The markets kept us up all weekend. After two days of violent selloffs, emerging markets seem to have found a bottom for now. The u. S. Is showing signs of strength. I want to take you to our chief market correspondent, car scarlet fu. Abroad. Start brazil has recovered from two days of losses and some of that money is coming back to the emerging markets, recovering from a fivemonth low. The safest investment we are seeing in the United States, plenty of damage from overnight, carnage coming from the index in indonesia, losing the most since last august. Looking at the ukraine stock been reallys difficult to pinpoint a single catalyst for the selloff. Broad forces are at work, whether it is concerned tapering to start to pull back on overall equity assets, or if it is the chinese economic weakness, signs of contraction in manufacturing. Then you have country specific issues, whether it is political instability in thail
Liz the top three stories you need to know. Youve got a hot stock, what a turnaround at aol. Revenue rises for the first time in eight years, thanks to a big pick up in ad sales. Youve got mail. Liz search is gaining traction. Aol ceo talking to us about the developments and the future. Plus housing in recovery. New orders, prices even permits are heading in the right direction. Can it last . Homebuilder hovnanian stock building to higher heights. The ceo is talking to us about the real story of real estate. And a monster storm barrelling across the northeast could mean monster sales for publicly traded snowplow name douglas dynamic, when major snow and blizzard conditions heat up the stock, we have the ceo in a fox business exclusive. Countdown begins right now. Liz happy friday everybody. Im liz claman. Countdown to the closing bell just one hour left of trading for the week. In the middle of a northeastern storm, got a little sunshine down on stocks, percolating higher at their best
Economic Development Committee im scott wiener the chairman of the committee to my left is Supervisor Malia Cohen and our vice chair is supervisor kim will be joining us momentary. Our clerk is andrea and i want to thank sfgovtv for broadcasting todays hearing. Madam clerk, any announcements . Yes please be advised the ringing of and use of cell phones, implemented copies the documents should be submitted 90 to the clerk and it will be on the august agenda. Thank you. I want to not something before we start that also meeting today starting at 2 oclock and cohen and i each have a items and if land use if this Committee Hearing is still going when those items supervisor cohens item gets called we will take a brief recess and resume when theyre done i dont think either item will take long. Madam clerk call number one its a resolution of the president to permit the issuance the qualified Revenue Bonds for the presidio avenue. Okay. And supervisor breed is the author of this item and unders
Coalition. His firm trading higher on the Deutsche Bank upgrade. Zblrj we kick off with the second reading of the eu services. Private sector returning to modest gross in july. Pmi suggesting the economy starting to stabilize. Business expanding for the first time in 18 months. The market using composite purchase managing index up to 58. 5 from 48. 7 in june. Breaks the 50 threshold for the First Time Since january 2002. Headline figure revised up a tick from the permanent reading of 50. 4. Slightly better. Thats just taken the euro dollar to the best levels of the session at 132. 89. Below 133. Trading tight ranges on euro dollar. Joining us is jonathan tapper. Nice to see you today. The pmi is now almost just about in expansion territory for europe. Are you confident that we finally got after two years we finally got some Sustainable Growth coming back . I think that this is a cyclical upturn. We are seeing some improvement. Varying perceptions. The Research Firm i run, work with, we