I also think in terms of when you look at the mayors power visavis the board, if the mayor appoints someone who is then prohibited from running for reelection, the mayor will have less incentive to appoint someone who actually reflects that district and who will therefore be viable to seek reelection in that district. The mayor, in fact, will have incentive to appoint someone who is not necessarily responsive to the district, but is more responsive to the mayor. And that person can be in office for six months. And, so, the last thing we should be doing is putting supervisors in office who have no prospect of ever having to face the voters again and who, therefore, are going to have less incentive to actually care about what the voters need and what the voters want. So, i know that supervisor avalos intention is to reduce the power of the mayor visavis board appointments, but in one sense it actually can increase that power. So, in the end i think we have a good and workable system. Are
Please [speaker not understood]. Thank you. Lets not interrupt the voters right to decide for themselves. Lets put it it on the ballot. Let the voters of San Francisco decide, you know. It can go either way. But democracy, the beauty of democracy, is that its not the elected officials, but its the voters who have the final say. So, as a former as an a point aloe of gavin newsom, i am proud to say lets change the system or at least give the voters the opportunity to have a voice ~. Thank you. Thank you. Supervisor mar. Let me just think about what im going to add. [speaker not understood] led it out. [speaker not understood] laid it out a couple weeks ago that this body has been known as the mistresses of the mayor over the years. I know its not that long ago, and i think there are still those perceptions that are out therethv i think the quote was that we are all mistresses that need to be serviced as one former mayor said. I think the power of incumbency, my belief is that its tremend
We await the word from the European Central bank tomorrow. Thats going to be very interesting. Yes, well get to more on that in a second. What all the Central Banks are up to. Oil rebounding but that didnt stop canada from cutting its key Interest Rate north of the border and they did that because of how the dramatic fall in oil prices is rippling through the nations economy. Well get into that a lot more with to do ameritrades ceo fred tomczyk is back with us. They had good looking earnings. They had record asset accumulation by their clients in the last quarter. What are they doing with that money, thats the question, what their clients are doing with that money. And this is not a technical glitch. Look at netflix, you talked about this last night. They had blowout earnings. It is up 17 , about a 60 gain after those earnings the explosive growth first reported on the closing bell yesterday. We will follow that stock into the close and at least one of our guests says you can still buy
The fed will retain language pledging to be patient on the timing of an Interest Rate hike. They plan to raise rates for the First Time Since 2006. Another area of disagreement the Prime Minister indicated the government is against the postals to impose new sanctions on russia. They already plan to take on the eurozone. Meanwhile, greek bonds are dropping fast. Three years, rose almost three percentage points, 16 point 8 . Investors are not liking this added provocation. Other relations in israel fighting broke out. Shell lebanese territory after fired at an israeli vehicle. Guangzhou soldiers were wounded. Back on the corporate front, shares of apple at 7 . The worldclass is most valuable Company Reported record quarterly profit and a jump in revenue due to sales of the new larger screen iphone iphones x, plus, upgraded Mac Computers and staying on the earnings front boeing reported their results, wall street beat estimates. And it is the commercial you will not be talking about today
Like none other. Down 7 in the premarket. Cisco going in the opposite direction. John chambers reaction in a moment. Expedia buying the rival orbitz. Both stocks are spiking higher. But first up shares of tesla down sharply after a quarter operating loss of revenues also missed. They say weather, shipping problems affecting deliveryiesdeliveries. Tesla ceo elon musk said hes optimistic business will improve in china. I have confidence that by the end of the year well be in really good shape in china. Im pretty optimistic about it. I dont think theres some sort of unique missing fissure there. Earnings revenue, margin expenses cap x, cash flow and then your comparison for them today is no good. Yeah. The 40th anniversary of the saturday night live and the Conference Call needs to be included in the spoof of how we do business on wall street. A favorite line and customers vacationing, only their customers vacationed and no one elses but the financial this is funny. Our financials are bet