Package. The merger between psa and fiat in a move that could force more concessions from the auto giants a new designated driver. Replacing the head of vw brands as the automaker battles with unions over cost cutting plans saudi arabia will no longer cut Additional Oil they say demand is thriving. With we have no whatsoever for lack all of us in the whole World Oil Market have no stomach whatsoever for any type of laxityies. A warm welcome to street signs. European markets have been open about an hour now. It has already been a choppy session. We open in positive territory. Now the main benchmark is down 0. 4 yesterday, the main benchmark dropped 0. 3 what was remarkable was the fact we saw the final recession word enter the mix. Declaring the United States has officially entered a recession just as the nasdaq hit a new record high and raised all losses for 2020. Major difference for what we are seeing in Financial Markets and what we are seeing in the real economy. Begging the questi
Agenda unless otherwise noted. Thank you. Please call item number one. One is a hearing to consider appointing one member indefinite term to the close Juvenile Hall working group. Thank you. Did you have any comments before we hear from the applicant . I do. Thank you so much. As we know this is our final appointment to our 15 Member Working Group for the closed year of Juvenile Hall. We are excited to be at this point where we can point and other young person who will be serving. I am looking forward to the committee having the first meeting this wednesday and to finalize all the members of the working group. That is great news. So we have three applicants. I will call them all forward. Charles peacock, Danielle Russ wurm and julia thompson. We dont have any of the applicants. Do you have any thoughts about who you would like to see appointed, supervisor walton . I do. Thank you so much. The first thing i want to say is i appreciate everyone who applied to serve on the working group,
Time now for the global exchange, where we bring you todays market moving news from around the world. From hong kong to jerusalem, washington to new york, our bloomberg voices are on the ground with todays top stories. In israel, Prime Minister Benjamin Netanyahu is facing a rare challenge to his lead. I am not sure i would see this day come. Reporter that is very true. Significant. Be it would change israels Political Landscape for the past kud itss and give the li first win in 20. They would have a better chance of forming a government after the third election of the year come march. David thank you so much. To turn to commodities. Oil is extending its gains as u. S. Inventories decline and optimism over a partial u. S. China trade deal grows. Youre right, those are the two drivers hitting oil this morning. Broken throughe a level on trade deal optimism, partially on risk assets. The santa claus rally really helping oil out. Another big story is the inventory decline. If it is confir
Items. Ill make the standard order of Public Comment and instructions when we get to Public Comment at 3 30. Do we need order to go into closed session. Public comments . Seeing none, if someone wouldnt mind closing the doors. Ill turn the flor over to mr. Coker of the eight items that were listed on the closed session item there shall only be seven. With the matrix would be number seven we need a motion to cover the attorneyclient privilege as we go into closed session is there such a motion so moved second. All those in favor say aye. Public comment. All those in favor say aye. Aye. So, im going to read the motion approved by the board in regards to gregory latman versus the retirement board. The motion that was approved reads as follows set aside the hear offices november 1st, 2019 denying the application in march 2017 denying the petition for the hearing and remand the case in retirement system staff. Remand the case of the office of administrative hearings foray signment to a hear
roll call . We have a quorum. Our standard rules are posted in the agenda will be applied today to include Public Comment. We are going to start with closed session. Before i go into closed session, is there Public Comment . Okay. Motion for going into closed session. So moved. Any party that needs to leave, please make sure your cell phones are off. Reconvened first item of business is reporting out of closed session. Is there a motion whether to disclose. I move not to disclose. Second. Is there general Public Comment . I am john spencer. I am a 44 year member of our pension fund. At your last board meeting, your Investment Consultant told you that our pension fund had spectacular returns. If you use poor performing public Pension Funds as a beverage mark you have good returns, not spectacular. If you want spectacular returns you only need a passive investment in stocks, bobbeds, real estate. Let me give the 10 year returns. Bgsix index vanguard yeartodate returns 25. 66 . 10 year an