We are under 30 minutes to the close on equity trading in europe, and we are seeing some gains in european equities. A bit of by divergence between europe and the u. S. You can see broadbase base looking at the regions, the euro stoxx 50 up. Ibex is one of the better performers, up. 7. We have seen gains on the dax and cap 40 cac 40. Overall, equities are in the green. The fx space has been the story of dollar strength, bouncing back room a threeyear low. Euro down. 5. Cable unchanged. Not such a sizable move in that fixed income spaces. Of movement there. If we turn our attention to the stoxx 600 and what is happening within the Industry Groups, most are gaining on the headline level in the benchmark up. 4. Construction and industrial Good Companies leading gains and lagging are commodity producers, down. 5. Thanks also underperforming. Banks also underperforming. To the fx space, i was talking euro weakness. G10. Did well compared to the games have slowed as the rally in the yen has
Abigail looking at mixed trading action for the major averages. Week, the major averages having their best Weekly Performance in years. With, a bit of a pause investors looking for direction and consolidation here. The dow down. 6 at session lows. The nasdaq ever so slightly higher. The dow being weighed on by the shares of walmart. Lets look at shares of walmart and home depot. Walmart down 9 . The company put up a disappointing fourthquarter this, theirhind ecommerce efforts with jet. Com not doing so well. They dont know the full effects of the tax overhaul. Overall, a disappointing quarter for walmart. Home depot has been higher, up 2 . They put up a solid quarter. The Earnings Guidance for the full year a bit below the forecast. Looking past the result and the fact that they had forecasts for shares ever so, slightly higher. Shares of righty trading higher on the news that albertsons is buying the company for 24 billion. Teaid tradingrigh higher. This will give private investors a
Said they said was arbitrary and should be overturned by the courts. Officials say it should be rejected. ,n ambassador has accused calling him the problem and not the solution. The ambassador address the Security Council immediately after a boss today but the Palestinian Leader left us in as he was finished speaking. He told the council he was ready to begin negotiations immediately. Bal news powered by 24 2700 journalists in more than 120 countries. This is bloomberg. Julia live from bloombergs World Headquarters in the new york. Are minutes from the close of equity trading. A pretty choppy session with stocks hovering around the lows. The question is, what did you miss . Julia a deluge of u. S. Debt, ensuring 180 billion of debt today and more to come later this week. Hitting the highest levels. Walmart is falling behind in efforts to keep up with amazon. The retail giant saw slowdown last order bringing shares of the company to the lowest in two years. Special Counsel Robert Muelle
Adopted. The main noaks was to learn how to measure risk. The progress weve made is weve purchased software, weve pnch purchased systems in order to measure risk and once we can do that we can monitor risk and the board will have more information under which to make supervisor elsbernd not just the board but the public. All of this will be done through the public board and there will be a quantity final number. The cao every month, where part of his report is a risk report that shows not only the risk tarkt that has been established and what changes in our portfolio either hiring or firing a manager, changing the composition of the portfolio what impact that has on our risk. Right now to date, the risk analysis application has only been implemented across 50 of the portfolio, which is the stocks portfolio. We are to get it into the fixed Income Portfolio and it will be more difficult because of the nature of alternative investments in real estate to implement it but thats the goal impl
You ask me, just sort of comment, on what the employer contribution rate looked like over the years. I dont have the chart in front of me but there were times when the employer contribution rate exceeded 100 of pay. Was in the 60 to 70 . Aside i raised that point because those were years when we do not do alternative investments so the notion that is some sort of panacea to fix the city contribution is just bunk. Also the report indicates that from 2004 to 2007 there were no contributions made to the plan. In fact, from 1998 through 2004, because of the funded nature of the plan, there were no required employer contributions, however employee contributions were made. Either by the employees themselves or on behalf of the employees in every year of the existence of this plan. So to characterize that there was ays 0 period of time whee were no employee contributions made is a misrepresentation. Supervisor elsbernd and while we cannot go back add correct the past that will never happen