Good morning, everyone. The meeting will come to order. Welcome to the july 22, 2019, meeting of the rules committee. I am supervisor hillary ronen, chair of the committee. Seated to my right is vicechair shamann walton, and seated to my left is rules Committee Member gordon mar. Our clerk today is victor young. And i would like to thank the staff for staffing this meeting. Clerk please make sure to silence all cellphones and electronic devices. Completed copies of any documents to be included as part of the file should be submitted items acted upon today will appear on the july 30 supervisors agenda unless otherwise stated. Chair ronen thank you so much. Can you read item number 1. Clerk item number 1 the to the clerk. Motion approving rejecting the mayoral nomination for the appointment of Eduardo Santacana to the board of appeals, for a chair ronen thank you so much. Mr. Santacana, come on up. Thank you for the opportunity to be here today. I am honoured to be nochl nateded to serve
The expenses are by 18 in the quarter. We are very much investing in r rand d. Nestle posts a sales miss in the First Quarter with prices weighing on the consumer. And meta shares sink in the trade despite the beat on earnings as Mark Zuckerberg rekindles fears of a. I. Spending. We have shown we can build leading models and be a leading a. I. Company in the world. Welcome to street signs. We start todays show with the acquisition news bhp confirmed it made an offer to buy london listed Anglo American with the Share Capital of 31 billion pounds Anglo America is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal we had this discussion a few years ago. We were all puzzled. We were staring out into the abyss looking for the acquisition. Something changed last year. The san pcompany is preparing fe future copper is no longer discussed as dr. Copper it is now dr. Green in the Energy Transition and future tre trends co
What is the final draft going to look like . Shares tumble after hours for snap. Can overhaul an overhaul of the snapchat app break even . Europeans talk about stock. Futures less than half an hour away from the start of cash trading, and mixed trade. 50 showingxx unchanged. Ftse futures, dax futures, and ibex 35 futures all down a little bit. We do have a slight gain in cap futures. Cac not a lot of movement in terms of index futures. It has a risk off field field. What i have is a onemonth chart of treasuries so you can see that yields peaked at the end of october and have been coming down fairly steadily ever since. If i twitch it over to a you can seeart yields have come down in a pronounced way over the end of yesterdays session. The concern about the tax issue is getting investors to go in forbuy treasuries, looking a little bit of safety. E see them during this across it could be a risk off day. About red thing weird thing about the u. S. Story is the shape of the curve. U. S. D
Afternoon. The fbi secretly arrested an nsa kr contractor for stealing contract materials. He worked just like Edward Snowden. Another black eye for the firm and shares are moving slightly lower. We have details on what was allegedly stolen and the potential fallout here coming up. Meantime, salesforce. Com is reportedly getting more serious about this bid for twitter. Shares of both stocks moving in opposite directions, although there has been a comeback of sorts for twitter. Jim will get more on this. A possible bid for twitter by it sales force. The weaponization of finance. Thats when countries like the u. S. Use the power of banks to impose its will on other countries. Ian bremmer will explain the risks of this strategy. Its a lot to think about. Hes calling it after the gzero. Youve got the imf meetings tomorrow. This will help get us in the mood for global conversations. Lets start with western crude at 50 a barrel. Plus this discovery, more oil off the coast of alaska. Jackie d
Yields and concern that the turmoil of the Republican Party could lead to a democratic landslide which would mean no more grid lock in washington. Well dig deeper into all of these issues coming up. And then earnings. The seasons kicked off and alcoa shares are sinking. Is it a bad sign of what is to come . The shares are down 11 . Bio tech is getting hit hard. Illumeina, we will look at other bio tech busts that investors should be wary of. Samsung ending production of the galaxy note 7 smart phone after replacement phones caught fire. John ford is following the latest. Josh lipton with the look at the opportunity this creates for apple. And Courtney Reagan has reaction. Very busy today. We are joined by mark, kenny palcari is standing by and Rick Santelli will be checking in from chicago shortly. I guess he is still mourning last nights cubby loss. Be itemized the litany. Are we doing news now . This litany of why the market is down today. Are you buying all of that, oil, rise in yie