Secondquarter revenue, 74. 1 billion. That is the number that we were looking for for revenue. Once again, secondquarter earnings per share one dollar. 74. 1 billion, secondquarter revenue. Scarlet thank you so much for that first read on exxon mobil results. We have alix steel. This is our moment. She is busy looking through all the numbers. This earnings pershare number. Matt versus almost three dollars last year. It is an amazing drop. Alix we do want to hear where the miss actually happened. The common theme for earnings has been production and job cuts. What they do with production is mattering a little less. Can they keep their dividends . Do they have cash flow to cover it . That is the focus. Every quarter, it is usually production, production production. That came in bang in line. Those metrics matter a little more. We are getting a reading on capex comeing in at 8. 3 billion. Scarlet we were talking about production. Why is it significant to meet Production Target . Alix big
We are seeing american expectations is reflected in this university of michigan report an eightmonth low. Economists were looking for reading of 94 even. That is a decrease from the number we got for june. All of that said, the gauge has 90 forove 94 above eight months. It looks like again if the forwardlooking indicator within this overall reading thats coming in below estimates. Matt jules, thank you. We will take you back and check very little change on the s p 500, you can see really unchanged there, 21 lh. The Dow Jones Industrial average down in the face of Big Oil Earnings that dropped and disappointed. 17,702. A 44 point drop. The nasdaq up, i would call that unchanged as well. Julie i would indeed. Not just the data we just saw a few months ago, but the wage data i know we spoke on your program. Matt 0. 2 , increasing wage cost. We were looking for. 6 . Last month we had. 7 . That was a disappointment. Lets get to the top stories cross the bloomberg terminal at this hour. Hiri
Commissioner bridges has indicated she is on her way. Commissioner driscoll. Commissioner makras will not be present. Commissioner meiberger is out of the country. Commissioner paskin jordan. Present mpt commissioner stansbury item 3 general Public Comment. Thank you. Speak into the m ic. Sorry i couldnt help myself, you always say it, i had to say it to you. [inaudible] good afternoon commissioners. Im patrick [inaudible]. Executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. Mrs. [inaudible] noted the proposal doesnt meet guidelines. Commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. Loan obligations and a finding Credit Ratings to individual securities noting they go hand in hend hand with a potential [inaudi
Widespread reform. Yes, ive been around quite a bit, its surreal and not for children. We visit the theme park with a political message. We begin in macedonia, where police used stun grenades on thousands of refugees dropped on the border with greece. For a second day police blocked them from crossing over. Well cross to our correspondent jonah hull, on the greek side of the border. You are not terribly far from the border of macedonia. What can you tell us. The chaos is happening on the greek side of the border, they want to get across to the macedonian side of the border, but have been prevented from doing so. In the last five minutes or so, there has been five or six explosions of percussion grenades and tear gas. There was another in the distance as police controlled a chaotic situation. 100 metres up the track there, and 300400 out into the fields. A lot of these people have been on a staggering journey to get here. Afghanistan, iraq, most of them wanting to get to germany. They a
Coalition. Cambridge arranged that and the meeting did take place so forming the coalition and believe the goal is to expand it to include trustees of potentially across the u. S. Who are interested in the issue so we can act in concert thank you fl clarification. That is very substantive. One last expansion, the board adopted level 2 for social policies, in a words engagement so that is why this is relevant working with other entities such as other public Pension Funds that have the staff and resources particularly cal pers and cal stirs that have the staff set aside. I that is a way we can pull our resources and vote our shares because that is a issue regarding engagement to pull our shares with other public Pension Funds and other entities with like goal squz aim tooz try to enact a constructive policy going forward. Those i believe are the substantive issues, any other colleagues on the board who are member thofz committee to share that would be very constructive at well. If not th