You guys ready to get started another exciting day with the retirement board fun stuff ahead and American People exciting executive director report and very, very robust investment calendar and discuss with i hope you guys are ready hold on our seats ladies and gentlemen, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all all right. Thank you for joining you wednesday february 10th one 06 this is at regularly squealed retirement Board Meeting mr. Clerk madam clerk, any announcements . Now announcements. Roll call mr. Nolan applying is commissioner driscoll mr. Stars commissioner paskinjordan commissioner stansbury we have quorum as you can see your item number 3 mr. Clerk, call interest. All right. Public time to comment code section. Taking Public Comment on the fact we does see the closed session has a right are here well go into closed session and returning awe at 230 thank you. Mr. Rose call the next item. Item 4 a discussio
Retirement Board Meeting mr. Clerk madam clerk, any announcements . Now announcements. Roll call mr. Nolan applying is commissioner driscoll mr. Stars commissioner paskinjordan commissioner stansbury we have quorum as you can see your item number 3 mr. Clerk, call interest. All right. Public time to comment code section. Taking Public Comment on the fact we does see the closed session has a right are here well go into closed session and returning awe at 230 thank you. Mr. Rose call the next item. Item 4 a discussion item general Public Comment. Our favorites time of the day general Public Comment. This is the time when the general Public Comment talks about anything they want to talk about so, please lets see i have calling names . All right. Lets go. Im rudy a retired teacher having taught in San Francisco unified School District. 4 two years thank you for your work. Thank you. Youre welcome and im here to obviously to talk about the pre96 pokes that retired paraprofessionals and othe
Search. Is it losing its safe haven status . Away from ther close of trading this monday. Lets head to markets desk were julie hyman has the latest. A bit of a sleepy day today. Julie this has been characterizing trading over the past couple of recently as we have seen stocks take a pause after a fiveweek rally. Seeing volume in the s p 500, 34 below the 20 hundred day average. Quite a drop. We already saw a couple of the lowest volume days of the year. That trend is continuing as major averages are little changed. Elsewhere, in other at its, you take a look at the treasury market. The 10year note. We have seen the yield work its way lower. We got a gdp revision higher on friday. We got data not quite as estimated and we will hear from janet yellen speaking tomorrow before the economics. We could get more direction for the market and treasuries. We are seeing the yield go lower. Oil and gold watching as well. We see buying and treasuries, the safe haven buying is not extending to gold,
Jonathan no time to enjoy that in the markets this morning because it is deep red across equity markets. Equity markets down in europe. 1. 36 on the ftse 100 with a miners leading losses. S p 500 futures negative. Switch of the board to japan. Dollaryen, down by. 9 . Three years and a day since the kuroda experiment began. Yields in germany. You have to go to two decimal places just to get one. To thesis points days where yields were around five basis points. Wti down to 35. 64. What is happening in the markets. Stephanie i want to give you a quick headline crossing twitter. Really getting big and the content game, far fiat beyond 140 characters. They will be streaming thursday night games. Is this the kind of business that yahoo wanted to be in . David facebook was in discussions with this and they decided not to do it. Stephanie yahoo wanted to be in this and but for is a meyer is using a different strategy, needs to up their game, and they are trying to do it on the field thursday n
Ups, we saw safety stocks but you can see the headline market moves not that dramatic. That is something we will be watching for. When you look at the big mover, cocacola was the biggest drag on both indexes. It fell as much as 5. 5 , about 18 months were 18 months worth. Exceed analystt estimates. Investors want to see more evidence of a turnaround and did not edit from the latest set of results. Andut its year to date gain half and is only up 4 . Joe we keep saying this every day new lows in japanese bond yields. Again, hitting a brandnew low. An opposite story while equities were quiet, we saw a decent jump up in the curves with a twoyear yield hitting. 8 percent and the tenure jumping up to 1. 85. Lets check in on some currencies because even though everything has gone quiet in the stock market, there is quite a bit of volatility in currencies, specifically emerging markets currencies. The turkish currency is at its highest level after the Central Bank Governor cut rates in line wi