Having the best it infrastructure is very important so thanks again to karen and team for working on the budget. Next in terms of june and Board Meeting, you may have noticed it seems we have ebb and flow of long and briefer meetings. The last meeting of the quarter is more packed with topics. The same will be true in june, so we apt there will be closed session items, quarterly performance review, likely changes to the its related to the approved new Strategic Asset allocation. On the administrative side, provide a update on strategic plan, election of president and vise president and might have policies to approve. A lot of big items to cover in june and wanted you to be aware that might be a longer meeting. With that, as you know, in the materials we always have the board calendar, the conferences and training and this quarters travel expense report. Open up to any questions. Any questions . Thank you. Public comment, please. Do we have inperson Public Comment on this item . Seeing
The news comes after the boss of the Bank Of England, andrew bailey, said the economy had turned a corner, but wasnt yet in a strong recovery. For more on this im joined now byjackie bowie, head of europe at chatham financial. Where is this growth coming from . The good news is the Surprise Upside in gdp was actually very broad based. If you look across the different components of gdp we saw a good recovery in the Service Sector activity. Actually good recovery in Consumer Spending as well because obviously thats been a big focus with The Cost Of Living issue and of course then with inflation that we have seen over the last year as well. So i pretty broad based recovery and again it took some economists by surprise this morning. Are you breaking out the champagne now, are the recession time is completely behind us . It certainly looks like we completely behind us . It certainly looks like we have completely behind us . It certainly looks like we have exited completely behind us . It ce
That 120,000 Program Titles have been prepared for this decade all over the country, according to hojjat alislam , the slogan of deh karamat this year is with you. It is very big and this gathering is happening in the stadium and in different cities. We have the Imam Reza International congress, which is the fifth. Garh will be held in mashhad with the presence of senior officials. The meeting of the best girl in the world will take place in 20 cities of the country, which will be held in the name of fatima masoumeh. Peace be upon you, our dear girls gather and express their devotion, especially the happy programs and good content our friends predict on this topic. The managing director of Tavanir Company announced that the peak electricity consumption this year will reach at least 7500 megawatts, more than 40 of which is related to cooling devices. According to mr. Rajavi mashhadhi , the use of highefficiency air conditioners reduces the peak electricity consumption requirement by 500
This is bloomberg surveillance. Just about positive on the s p 500. The politics on dollaryen. Dollaryen positive. 4 . The boj governor meeting with the Prime Minister who says he will closely impact the impact of a weak yen on pricing. The japanese official snapping back saying if the market is functioning property there is no need but a suggestion that maybe it is not. Lisa all of this goes to say that people who are bearish on the yen are getting bolder. I wonder how much janet yellen will put the pressure on japanese authorities versus maybe there is a sense they have used up the little ammunition they are willing to send. Annmarie she said consultation should take place and then she called the reported japanese action a rumor which makes me think the japanese did not call washington to ask and let them know we are going to make a move and intervene. Jonathan dollaryen, big swings over the last week. All the way back down to Something Like 152 to start the week. Somewhere between 1
Keybanc taking a knife to that stock. Its still higher, though, nonetheless, and that is helping to keep the market upright. Theres apple getting a little bit of a lift. It does take us to our talk of the tape. The rising rate reality and whether were getting close to the end of the recent move. Youve got to think we need to be if stocks can get anything going from here. Dan greenhouse, liz young with us as well, and so is cnbc contributor rick. We got a big desk because we got a big story. Greg branch, is this your moment . Is your call that stocks are going to have a really rough go in the process of taking place . I think its starting to take place, scott, and i think as you know, i see another 10 downside from here. At this juncture, we still havent seen many of the catalysts happen for my thesis to play out, and that is that consensus estimates are just too high. I am higher and longer than consensus, and that means that i see no path to an 8 fourth quarter, now an 8. 3 fourth qua