Welcome. Good to have you with us on this thursday. Our Investment Committee on the table, jim, steve, michael is back. We begin with surge, s p and dow hitting fresh highs today. Trade the reason. Reports say the u. S. And china agreeing to roll back some tariffs in phases, doesnt take much to get stocks climbing. Jim, weve been asking all week if theres a green light for this sevenweek surge into the end of the year. Were higher today, what do you think . I think there is a green light. What we were worried about yesterday was somebody not wearing the right shoes for when the meeting was going to happen. Obviously thats yaeesterdays news. Today theres talk that the tariffs may be rolled back and the market support in the is still i market that teeters whoon happens wi on what happens with trade. But were still waiting for that euphoria phase. I dont think we get that this year i think thats something where the stars have to align in 2020. More on trade. More benign politics. These ar
To the inability to get a nafta replacement deal done with mexico and canada, to the federal reserves lack of sensitivity to the strong dollar put it all together and the industrial economy just cant catch a break. And thats why the market exploded higher on that robust employment figure. Dow gaining 373 points, s p soaring 1. 2 nasdaq surging 1. 40 it didnt hurt that we were oversold look, i know the Unemployment Rate is down to 3. 5 lowest in nearly 50 years. But it has to do with the makeup of the economy the manufacturing side of the ledger is not just doing that well the weakness in manufacturing hiring gives fed chief jay powell all the ammo he needs to justify cutting the federal funds rate that may make it more in sync with the traditional curve of low short rates to higher long ones normally, you wouldnt expect the fed to hit the accelerator with the jobless rate this low, but wages are still stagnant and theres no inflation to speak of basically, if powell is asking himself,
Administrator, also representing the Planning Department and planning commission. We have chief building inspector, mauriceo hernandez and sen erin respec inspector be kernin and we have the Environmental Health branch of department of publichealth. The Board Meeting guidelines are as follows, the board request you turn off or silence all phones and other Electronic Devices so they will not disturb the proceedings. Carry on conversations in the hallway. Appellants. Permit holders and Department Respondents are given seven minutes to present and three minutes for rebuttal. People must include their comments within the three or sevenminute periods. Members not affiliated have up to three minutes each to address the board and no rebuttal. Please speak into the microphone. To assist board in the accurate preparation of minutes, you are asked but not required to submit a speaker card or Business Card to board staff when you come up to speak. Speaker cards are available on the left side of t
Tower or possible alternatives like fiber optics which can provide Fastest Internet in the u. S. A. Instead of proving health and safety of the cell tower project, on verizon, they improper hoisted upon vulnerable a joining residents and owners the unfair burden of Challenging Health and safety of the agencys pre determined, private approval decision. They failed to acknowledge or inform the public that thousands of highly credible independent worldwide scientific studies have overwhelmingly contradicted and invalue dated 1996, fcc thermal safety guidelines which have become completely outdated and extraordinarily dangerous. Independent studies have long shown that microwave cell towers cause cancer clusters and other diseases and may seriously threaten not just san franciscans but people in nature everywhere. For many years, not even the likes of london have issued Product Liability insurance on cellphones and wifi products. Too dangerous. And while its induce tremendous cooperations
Getting hit. Hi, eamon. Yeah, as of this moment, the feel iing in the building is th they are still tracking and expecting some kind of response from the president to the chinese tariff escalation of this morning which happen nd the premarket hours. Now aides are telling me they dont know what the president is going to do here they dont know when hes going to do it and they dont know what the format is going to be are we going to get a tweet from the president this afternoon see him behind a lectern here at the white house . A piece of paper from the press office no real planning for what thats going to look like but the expectation a is that the president is going to respond. We know the meeting with the president s team has wrapped up now and you can take a look at policy advisers who were in the room with the president as they talked about all this. Mnuchin, larry kudlow then Robert Lighthizer and Peter Navarro on the trade team specifically all in the room with the president for a