Person responsible for one going off ringing in your purse or pocket may be asked to leave the room. Cell phone set on vibrate caused microphone interface support respect request they be turned off. Item for approval of the minutes from the october 20 regular meeting. Motion. All those in favor say, aye. Opposed, nay. Thank you. Item 5 communications. Please be advised that we know discussion of anticipated litigation in closed session today. Item 6, introduction of new were Unfinished Business by board members. Mr. Heinicke thank you chairman nolan did i like other members of this board was saddened to see by the pedestrian incident involving a child and a scholar at euclid did i know we read about in our briefing. I know this is new business so we cant get get too far into it but i think would be appropriate to ask in light of this one as a group have passed along are wishes to this young citizen as she heals, and also, either generally look at the protocol for what invisible does in
[gavel] good afternoon to the musical Transportation Agency board of directors and Parking Authority clerk, discoverable director brinkman. Brinkman present gordon present heinicke director nolan, present dr. Ramos, present director rubke, present. Mr. Chairman, you have a quorum. Please be advised the reading of it cell phones pagers and some producing Electronic Devices are prohibited. The person responsible for one going off ringing in your purse or pocket may be asked to leave the room. Cell phone set on vibrate caused microphone interface support respect request they be turned off. Item for approval of the minutes from the october 20 regular meeting. Motion. All those in favor say, aye. Opposed, nay. Thank you. Item 5 communications. Please be advised that we know discussion of anticipated litigation in closed session today. Item 6, introduction of new were Unfinished Business by board members. Mr. Heinicke thank you chairman nolan did i like other members of this board was sadden
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing our sales to china as they can buy in europe. That gentleman i
Bank warning the fed not to hike. Oil is just a tad lower. The road map has the rally continuing this morning. Plus the september date has arrived for apple. A new iphone, ipad, apple tv, can it help the stock going into the Holiday Quarter . Next big short. Why one Natural Gas Company is, quote, a disaster. First up, futures are arise again after the dow closed up 390. The nikkei surged up 7. 7 . And shortseller, continuing to sell the alarm on his bet against china on squawk. The chinese economy, since i was on squawk in february of 2010, was growing at 15 , nominal. Its now growing at 5 nominal. 7 real, 2 deflation. It has been going down in terms of the economy by 2 a year. Thats going to continue. The model is broken. Chanos reiterating his message, that is the economy is still 50 . Investment driven, and as the economy slows down, he sees a credit event where they lose control of the currency, lose control of their financing, and thats when the real magic happens. Hes not alone i
This Digital Commerce company are up about 4 at the moment to 25. 69. An upgrade from wells fargo to outperform from market perform. Those are some good individual stock stories, but earlier Liberty Interactive did reach an alltime high. So what exactly is going on in washington right now, and will the market optimism last . Weve got peter barnes stationed at the white house, rich edson, hes planted at capitol hill, nicole is on the floor of the New York Stock Exchange, sandra smith at the cme group. Peter, have you seen any comings and goings, again, this meeting that was supposed to start 1 25 ago has not. Whats going on . 3 reporter well, the white house just dropped this statement on us about 15 minutes ago and it said that the meeting has been postponed, quote to allow leaders in the senate time to continue making important progress towards a solution that raises the debt limit and reopens the government. This meeting coming, being scheduled and then postponed around the buzz up o