About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive care negative rates are present in the uk, first time ever. We are battling here in the United States with the potential for negative rates the missing link in all of this which is what we saw in 2008 was a global coordinated effort. There does not seem to be a globally coordinating effort to address that i think thats what the market is riding against. Liz young, what do you see . Lets start with the globally coordinated effort i think theres been an effort from Central Banks thats been reasonably
Chaos. Power lunch starts right now the dow is hanging onto gains. The s p 500 is in the green. If it finishes lower on track to snap a 7week winning streak check out the big winner target the best performing s p stock this week. Shares jumping double digits after its earning report earlier. The stock sitting near record highs. With those weekly winning streaks in jeopardy, are stocks setting up for the winter blues. Bob is at the New York Stock Exchange its way too early to get bearish. Look at that big move up for the month of november, all the right stocks have been moving thats sickically cal sectors. Banks are up the industrial sectors are up. Energy is up health care is doing great thats a little more defensive where is the markets now its important to remember why were at highs theres three reasons why were hitting highs. The fed is neutral and has been expanding its balance sheet. They are tariffs, there is no expansion of the tariff war yet. The market believes there will not
Will be in trouble. Im talking about the housing goose and frankly on days like today where the dow dropped and the nasdaq sink 6. 4 . Its one of the few sectors working, in fact, it saved the day from being a fullfree fire zone. Fir, understand that once again, we are back in international purgatory, the house of pain. That is when happens when the Chinese Markets are down and others are weak, and commodities are soft and the dollar is upper freaking strong. When you have this combination its almost impossible for the market to rally. Theres too Many Companies that do poorly. Think about it, for starters this is china. And we have to talk about it. Have read how china has not impacted our market so why does it matter now . That is a stupid question. Sure the stocks themselves are not that important. A lot of the individual companies are important. Because they tend to be financials, when i try to pick among the rubble in china, its the Financial Companies that are unhealthy to me. Not
Submitted to the clerk, items acted upon today will be appear on the supervisor agenda unless otherwise stated. Er can we get a motion the excuse supervisor mar from todays meeting. Motion from supervisor cohen, without objection. Call item 1. Item 1 is a a motion confirming the mayoral appointment of Eleni Kounalakis to the Port Commission term ending may 1, 2016. And i believe she is here today. Thank you very much. Members of the rules committee, supervisors tang and cohen, im very honored to be here today and to have been nominated by mayor lee to serve as the San Francisco Port Commission, i grew up in Northern California and left my heart in San Francisco bh i was a young girl on a special visit to the city to visit family. My husband marcos who like me is a child of greek immigrant parents was born and raised in San Francisco. We have made our life here for most of the last 16 years, raising our two children and being part of the civic life of this great city. Like many first ge
Miss the worl in the world. Can it be cleansed . Thanks for joining us. This is the scene ever more familiar around the world. Being forced out of your home, even forced out of your home is a tragedy. Last year the number of displaced hit 50 million. Thats according to the u. N. Refugee agency. Thats the entire population of a country like south korea. 17 million have had to lead in surge of security. The vast majority are displaced. They live in camps that in some cases have become permanent slum cities. Imogen has the story. 2. 5 million have fled the country. They may be safe, but this will never be home. 6 million are in sir, short of food, medical care, aid agencies scarcely reaching them. Around the world, war and persecution have driven 51 million from their homes, highest figure since the second world war. Its a quality of change we are witnessing. The world is becoming more violent and more people are being forced to flee. The capacity to solve this problem humanitarian point