And prevent these massacres from happening. We cant just leave it to our professionals to deal with the problem of these kinds of horrible killings. We all have a part to play. One of the 14 People Killed in yesterdays shooting had roots in cape may county, and this afternoon were hearing from those who are remembering him. Nicolas was a long time member of the department of Public Health in San Bernardino San Bernardino. Before moving to california, he worked tor cape may countys health department. Former coworkers at the shore are saddened. Cant say how shocked we were, here we were, little cape may county, 98,000 people, and suddenly one of our own out there in california now that is murdered by these terrorists. Nicolas was 52 years old. Nbc 10 is taking a closer look at the issues being raised in the aftermath of the attack, including gun control and in the next ten minutes nbc 10s lauren mayk will have more on the potential backlash against people of the muslim faith. Family memb
Do with where crude oil is at this hour. Take a look. Falling to its lowest level now since 2003. Taking some big name stocks with it. I want to show you these moves because they really are stunning. The moves in freeport, marathon, alcoa, williams. When you realize how much theyre down, joe, this year alone were talking 12 days. Not even 12 trading days. Freeport is down 45 yeartodate. Williams 32. Marathon, 28. Alcoa, 27. That is stunning. This seems to be the moment. This seems to be what we feared. This seems to be the 2008 moment for the natural resources, the energy, the mining names. Its happening right now. Its the reason why the s p 500 cannot rally. Its the reason why i believe were going to take out the lows at 18. 50 to 18. 60. We need a bailout for the oil companies. Youre not going to get one. Well talk about that in a little bit, but what happens right now . Why is this happening . Youre seeing the High Yield Energy names coming under pressure. That leads to significant
All in favor, say i. Of adoption. Opposed it is 5 to one. There is no item 16 item 17 please. Item 17 an action item approval the minutes retirement board retreat. This item commissioner, i will leave it up to our pleasure if we go forward with adopting the minutes ill vote against them i dont think they will accurately reflect our retreat if we want to send them back if someone agrees with me they can come back more accurately lettingthem the agenda didnt match if you read the minutes that cigarettes we were on the agenda so i think it should reflect what happened then that friday and saturday more accurately so i will leave it up to the group if someone makes a motion to continue versus adoption ill open up for the will will of the commission. I ask we continue those minutes i firmly agree that that just as an example the meeting started at 4 oclock it was sponsored to start at 3 oclock this doesnt show the takeaways ill be inclined to sustain than to vote against it. Is there a seco
And a half and the allocations no doubt that response was directly to me in my role as a commission of the retirement board and way of the has the same position of hedge funds as individual for institutions ill be going to the Board Meeting in may if i see him ill ask him. This is page 8 of 24 all in favor, say i. Of adoption. Opposed it is 5 to one. There is no item 16 item 17 please. Item 17 an action item approval the minutes retirement board retreat. This item commissioner, i will leave it up to our pleasure if we go forward with adopting the minutes ill vote against them i dont think they will accurately reflect our retreat if we want to send them back if someone agrees with me they can come back more accurately lettingthem the agenda didnt match if you read the minutes that cigarettes we were on the agenda so i think it should reflect what happened then that friday and saturday more accurately so i will leave it up to the group if someone makes a motion to continue versus adoptio
15. Approve the minutes of the april 8th retirement board. Ill entertain a motion for adoption is there a second. Is there a second ill second it. Ill open up for Public Comment on adoption on item number 15. None ill close Public Comment commissioner meiberger. Yes. Through those are the minutes from october meeting reason why im going to vote against in the minutes of the september meeting there was a request for a dlafrgs Warren Buffett is against the funds and Warren Buffett said two individual investors is different than a long term investors this is regarding the letter to Warren Buffett i was very, very contrary as a trustee of the San Francisco retirement board the long term assumption 7 and a half and the allocations no doubt that response was directly to me in my role as a commission of the retirement board and way of the has the same position of hedge funds as individual for institutions ill be going to the Board Meeting in may if i see him ill ask him. This is page 8 of 24