Thank you, are there any other members of the public for general Public Comment . Seeing none, Public Comment is closed and we are adjourned. [gavel] good afternoon everyone and welcome to the San Francisco board of supervisors meeting for tuesday, april 25, 2017. Mdm. Clerk please call roll call thank you read present, cohen, present, farrell, present, fewer present, kim, present, paskinjordan present, ronen present, safai present, genji present, tang present, yee present. Mme. Pres. All members are present. Thank you ladies and gentlemen please join us for the pledge of allegiance. [pledge of allegiance] b thank you everyone. Mme. Clerk any communications . I have none to report colleagues any changes to the march 14, 2017 Meeting Minutes . Seeing none, is there a motion to approve those minutes . Moved by supervisor farrell. Seconded by supervisor tran view. Colleagues can we take that without objection . Without objection those Meeting Minutes will be passed after Public Comments.
This is bloomberg surveillance. Francine the clot, tom keene in new york. The currency moves Francine Lacqua in london, tom keene in new york. My number one message is that markets are on the move. You do not see it in equities. Bonds,om equities, currencies, and oil are a jumble not lows but nevertheless markets on the move. Bp,cine when you look at the refining margin is nowhere to be found that they are sticking to the dividend. Lets get to the bloomberg first word news. Bernie sanders supporters ignored his pleas not to protest on the opening day of the Democratic Convention in philadelphia, many angry over revelations that the dnc favored Hillary Clinton. Sanders did not directly call for his supporters to vote for clinton but made it clear where he stands. Mr. Sanders any objective conclude are observer will conclude that Hillary Clinton become the next president of the United States. Taylor senator Elizabeth Warren urged reluctant liberals to vote for clinton and told the conven
Reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announce me announcement is the company said it could only muster 65 to 70 cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire complex reversed w