Commissioner bridges has indicated she is on her way. Commissioner driscoll. Commissioner makras will not be present. Commissioner meiberger is out of the country. Commissioner paskin jordan. Present mpt commissioner stansbury item 3 general Public Comment. Thank you. Speak into the m ic. Sorry i couldnt help myself, you always say it, i had to say it to you. [inaudible] good afternoon commissioners. Im patrick [inaudible]. Executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. Mrs. [inaudible] noted the proposal doesnt meet guidelines. Commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. Loan obligations and a finding Credit Ratings to individual securities noting they go hand in hend hand with a potential [inaudi
Coalition. Cambridge arranged that and the meeting did take place so forming the coalition and believe the goal is to expand it to include trustees of potentially across the u. S. Who are interested in the issue so we can act in concert thank you fl clarification. That is very substantive. One last expansion, the board adopted level 2 for social policies, in a words engagement so that is why this is relevant working with other entities such as other public Pension Funds that have the staff and resources particularly cal pers and cal stirs that have the staff set aside. I that is a way we can pull our resources and vote our shares because that is a issue regarding engagement to pull our shares with other public Pension Funds and other entities with like goal squz aim tooz try to enact a constructive policy going forward. Those i believe are the substantive issues, any other colleagues on the board who are member thofz committee to share that would be very constructive at well. If not th
Are right. Good afternoon. Thank you for coming. My name is dan simundza. On a Research Scientist at the global forum on urban and regional resilience. On behalf of all my colleagues at the form id like to welcome you to two nights special event. Its an honor for me to have the opportunity to introduce our speaker tonight, doctor Susan Wharton gates. Dr. Gates wrote that freddie mac for nearly 20 years at times help position of the edge of the copies research magazine, compiler of credit risk data for the board of directors, policy director for freddie macs top login is some coordinator of the risk group and primary writer of ceo congressional testimony. She served as Vice President of the Public Policies and of corporate strategy. Our fascinating book days of slaughter which she will discuss shortly provides an insiders view of the implosion of the u. S. Housing finances. Since her time at freddie mac dr. Gates has worked as an academic, a consultant and an entrepreneur. Shes taught c
Asia. Mark carneys there is no rush to raise rates. Ma saying china will drive the Global Economy for decades, urging america not to miss the boat. More reaction to the msci decision throughout the morning. It is a question of locally traded ashares comprising as of Global Emerging Markets gauge. Thats right. About howen talking these china Largecap Companies have been outperforming the small cap. 123 on your bloomberg. You can see these are the big airlines,c, take among those that will be added for ashare and collusion. Capquestion is this premium gap between ashares and hshares. As this move gets underway, we will see the valuations in shanghai come down to match the global level. Lets get a look at the markets ahead of the china and hong kong open. These twin the stories, capital maycerns rotate out of other emerging markets. Saying Goldman Sachs korea, taiwan, and india may see their benchmark waiting reduced. There could be limited impacts onlyrean stocks given that takes place n
Equities trading about 30 minutes away from the end of the friday session. Stocks are up today, down though for the week. Longest losing run since june of last year. The month of june continues to be cursed if you are along the european stock it mark stock market. June has fallen 10 times in the last 11 years. The euro is down today, what a quarter it has been. Sterling is a little lower after the boost it received in portugal when he said rates may need to rise. Bond yields rising this week on back of a more hawkish this is a great chart throwing today. Showing the data it is rising on a core basis, 1. 1 1. 3 , both that are than anticipated. G raging for draghi, just below 2 . Doesnt tie into the narrative that draghi was parroting this week. Market took it as a hawkish tone, this is the key data piece for the ecb looking ahead. This is the euro, best quarter for the euro since 2010. This is the quarterly move. Best quarter since 2010. Quarterly leap 7 . It closed on the highest leve