General Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and will not be tolerated. Public comment is permitted on matters within the jurisdiction of the meeting body and thank you
Ticketmaster forced to face the mu music. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, steve grasso and julie biel. The do s p 500 and nasdaq pulling back after hitting record levels in the session that even as nvidia soared more than 9 on the back of an Earnings Report that few could find fault with. So, why werent the big numbers from the third biggest stock in the u. S. Enough to boost the rest of the market maybe ironically, Even Stronger numbers on the economy a better than expected read on pmi sent probabilities of september rate cut from nearly 58 yesterday to even money right now. Are markets now all about the fed once again tim, what happened today i think the fed is the most important dynamic in the market, but i do think you have a case here where that pmi, that composite pmi, the services component, 54. 8, last number was around 51, were starting to see the services weaken a bit. This was a very solid number
Item 2, communication. We welcome Public Participation during Public Comment period. There will be a opportunity for general Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and wi
This week alone up 33 basis points. Tom this week alone, history made. I think you will see over the weekend, how do we go back. Maybe we go back to 1870. The summation of four weeks of moving his history making. Jonathan need to look at the curve as well how things involved evolved. Lisa that to me is what i looked at, the fact that it moved to the opposite direction of what people thought. The long and would move down to the front and the front and would move down to the long end and you would get a flat or lower curve. Yesterday fed jay powell said it does not seem to be inflation, it is something else. It doesnt seem like we are overly restrictive. There seems to be a fear in his not only in their control. That is sort of a people are pricing into the market but still theres a chance of another rate hike. I do not know whether that matters. You saw the yields go higher after that speech. Jonathan policy is not too tight. Tom yeah, it is getting restrictive. We look at the numbers 2
Having the best it infrastructure is very important so thanks again to karen and team for working on the budget. Next in terms of june and Board Meeting, you may have noticed it seems we have ebb and flow of long and briefer meetings. The last meeting of the quarter is more packed with topics. The same will be true in june, so we apt there will be closed session items, quarterly performance review, likely changes to the its related to the approved new Strategic Asset allocation. On the administrative side, provide a update on strategic plan, election of president and vise president and might have policies to approve. A lot of big items to cover in june and wanted you to be aware that might be a longer meeting. With that, as you know, in the materials we always have the board calendar, the conferences and training and this quarters travel expense report. Open up to any questions. Any questions . Thank you. Public comment, please. Do we have inperson Public Comment on this item . Seeing