And ibm. The bloomberg dollar index right now down nearly 1 at session lows. On paper, its worst day since march of last year. This after treasury secretary Steve Mnuchin said in davos that a weak dollar helps us, good for u. S. Trade. We see the dollar down on this following a big down your last year. Lets take a look at the fact that was secretary Steve Mnuchin was talking about. The bloomberg dollar index down nearly 1 , its worst year on record. The dollar index, its worst you last year since 2003. The point we want to make here is when we have declines, they come in clubs of twos. A twoyear decline seems pretty fitting even though it is early in the year. Lets take a look at the big movers of the day. Ge down. 2 . This on the news of the sec probe into the company. Recently announced a charged related to the legacy business. Texas instruments down on earnings. Ual, same deal, down on earnings. United continental saying they will be matching pricing. Investors clearly not liking th
On the world stage. Movinge signaling and the dollar to a threeyear low after treasury secretary Steven Mnuchins comment saying that obviously, a weaker dollar is good for us. But again, i think longerterm, the strength of the dollar is a reflection of the strength of the u. S. Economy and the fact that it will continue to be the primary currency in terms of the reserve currency. Advisorg economics Michael Mckee joining us. What exactly does Steven Mnuchin mean here . We dont know. Wilbur ross came out and said that part of the problem is that there has not really been any kind of strong dollar policy. We use it as a slogan, but since the early days of the george w. Bush administration, nobody has paid a whole lot of attention to it. At a conversation with the former treasury there secretary, and he said we are fooling you, but we never said with a strong dollar is. The general idea is the currency a Strong Enough that you are not reporting inflation and not having to raise interest ra
Welcome to bloomberg daybreak europe. Its just gone in a cup a. M. In amsterdam 8 00 a. M. In amsterdam. Fullyear operating profit beat the highest estimate, this is a bank which runs most of its revenue which runs most of its revenue from the u. K. Economy. To buffers of , 17. 7 , the dutch win right in line with what the analysts expected. What does this mean for dividends . The capital remains intact. The final dividend comes in at 80 euro cents per share. From . Did it come lets talk about metals and miners. Anna lets have a look at what has been reported. Remember our conversation with from blackrock management. Tinto fullyear underlying profit 8. 63 billion. They are giving us details on their net income and theyve added a Share Buyback of one billion u. S. Dollars in rio tinto shares. He said of the sector that many investors have been very patient through recent turmoil. This is the worlds secondlargest mining company. Materials had a good year in 2017 because of stronger Globa
For staff, and that we do so with the thought that cca will be your priority until and probably immediately after launch. But as along as were looking at things with the priorityrating and timingrating, where were taking into consideration what the commissions priorities are . I think that is shing something that we should move forward with. I would certainly agree that Municipal Banking is something that we should look at. I would like to work with supervisor avalos and his office, and see just in terms of the working group and what the status is on that . Whether you think that its something that is viable to have on the lookout, or if we should be looking at it more in terms of putting it on the agenda for a future meeting to get something going on that . And then the last thing i would say is that i would be interested in whether or not a special study could include Something Like transportation . Something that was floated by me was looking at the impact on Public Transportation i
Us to go and sell the program to the whole city. We need jobs and a break on their energy bills and that kind of thing. You need to be able to adopt in the lower income communities such as much solar as highincome communities. So that buildout piece is important and i think we need a hearing about that either at lafco or the board. I want to chime in on public bank. That, if you look at what is happening in greece right now, it becomes really clear that the Global Private financing and Banking System is becoming so incredibly powerful that they can literally hijack a country and go against the will of over 60 of the voters in that country. Lets not forget back during when gerry ford was president and president ford basically said, sorry, so we need to be able to protect ourselves in the case that the global banks become even more powerful and even start trying to leverage San Francisco. We need to figure out a way to have a public bank available, so we can avoid the kind of thing that