Kounalakis. Here. Commissioner. Here. Motion for the minutes of the september 21, 2016 and september meeting. There was one thing in the agenda under oh gosh. I dont know the page number. Im sorry. Never mind. Thank you. Or second. Okay. We have a motion and a second. All in favor of the minutes of september 27 and september 27 say aye. Aye. Opposed . Item 2, Public Comment on executive session. Is there any Public Comment on executive session . Seeing none Public Comment is closed. Number 4 executive session. So moved. Second. All in favor say aye. Aye. I move to reconvene in open session. Second. All in favor say aye. Aye. Opposed . I move not to disclose anything discussed in closed session. Second. All in favor say aye. Aye. Opposed . Madam secretary. Pledge of allegiance. I pledge allegiance to the flag to the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised that the rolling of
Lets head straight to the markets desk where julie hyman has breaking economic numbers for us on the Services Side of this economy. The nonisn Manufacturing Index for january. Julie the nonManufacturing Index coming out at 53. 5, worse than the 55. 1 economists had been estimated. We saw a revision higher in december to 55. 8. This number is an important one. The largest part of the u. S. Economy. We have seen stocks turn lower in the past i should say in the first 30 minutes of the session we have seen it give up gains. It is the fourth consecutive month we have seen manufacturing declined, but we are looking at nonmanufacturing to see what happens on the Services Side of the equation. All three major averages are now lower. The dow is not lower by very much. I also want to mention some headlines that came out of wells fargo. It denied a report in hedge fund alerts that it was in talks to buy banks and credit squeeze businesses. Fargo spokeswoman has denied that speculation and denied
Im mark crumpton. Im emily chang and this is bloomberg west. Theill hear directly about future of yahoo from marissa mayer. I asked her whether the company is really up for sale. Gopro tanking again. Sales forecast coming in way below estimates. Can gopro get its mojo back . And a changing of the guard at cbs. Sumner redstone steps down. We will discuss. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. The company is also playing the cfo with ryan mcgee from qualcomm. It slashed the price twice since its debut in july. What is next for the company to do . Is bob mcdonnell. Thank you for joining us. What went so wrong at gopro . The problem youve got is this is a company thats been trying to promote themselves originally as a Media Company and as a bigger vision player. People have recognized its
Sources say that Jefferies Group cut numbers at its income meeting. Focusing on products and mortgages. Because of the energy well, some of those cuts earned bonuses last week. Those of the headlines from bloomberg news. Lets take a look out the asiapacific is looking right now. During the lunch break, this is how other markets are trading right now. Shanghai is up half a percent. Time for bloomberg west. Coming up, we hear directly from mercer mayer about yahoo. I ask her about her turnarounds strategy and whether the company is up for sale. Gopro is thinking again. Back . It get its mojo is a changing of the guard. Biggest challenges for the successor of nbc. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. Million the company is also playing the cfo with ryan mcgee from qualcomm. It slashed t