P president driscoll, you may start the migrant. Meeting. Due to covid19 and the Governor Newsom and mayor breed have lifted the tre tree restrictionn teleconference, this meeting is being held teleconference. In our published notice and on the web page we ask the public to participate remotely by writing to the board or by leaving a voice mail manage. I will ask all members of the board to mute themselves to minimize background noise and keep your cell phone remote, as well. Board members will unmute themselves to comment. There is staff in the background managing the Technology Functions during the meeting to switch from my slide presentation to whom ever is speaking at that moment. Thank you to all who have put this meeting together. Technology and this device is increasing and there will be more changes, all to make the meeting and the interaction go smoother. At this point, can we ask ase commissioner to unshare his screen. Square with arrow and not an x. Thank you. Item number 13
From 24 and then go back. [laughter] thank you very much. Oh, folks, breaking news, the biggest showdown in years at entertainment giant disney that has come to an end. Ceo bob iger has ducked the mousetrap nelson peltz had set. But Hedge Fund Manager bill ackman firing up accusations that disney or its advisers or somebody close to the company leaked the tick by tick vote count possibly tilting sentiment in its favor. As the stock slips now 2. 6 , were getting close to session lows here, we are all over the story expect drawn. Coming up, wall street report robbie whalen live in l. A. , well ask him what he sees as the most significant moments of this fight and whether peltz throws in the towel or continues the war, and ken leone will join us on whether he says iger and disney still need to work harder e. To the markets. This is kind of interesting, okay . After two days of losses and Federal Reserve chair jay powell this morning playing the stern principal at the Market School of Inte
A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held by the rebounded in oil, Energy Stocks doing very, very well. I want to show you whats again on with European Equity markets. We are modestly higher no huge gains. Weve had so many earnings out this morning. By and large, they were better than expected. Jpmorgan saying the proportion of Companies Beating earnings estimates is the highest since they started compiling that data since 2009. Go figure. The xetra dax higher by 0. 2 the ftse 100 also up by 0. 3 . That means were good at revising lower
Wall street darling. Which is off 37 . From its 52week high. The second worst performer in the entire s p 500. Joe, you used to love it. I used to love it. Whats going on . I used to own it. Whats the problem . Listen, its about competition and allowing others into your business model. And you not understanding that you need to be more dynamic, more diversify and organically grow. Obviously in years past we knew that other was step into the space. That has happened. I think whats discouraging if you think about it, is its domestically oriented. A higher u. S. Dollar. Weve got lower energy costs. You would think that this would translate into a recovery for this company. The Company Needs something. Maybe its a new management team, needs some form of a shakeup. I dont know where the shakeup comes from. Maybe it comes from the activist community. Steve can speak to that better thanky. Something has to happen. Not a name, ive owned in the past. I dont want to own it here. Is this investib
Sometimes people have a difficult time doing that but a few months ago the premiere said he didnt want to see a devaluing at all this year. Now down by 44 points. S p futures off by 4. 5 and nasdaq down by 10. Cac is off by one third of a percent. It didnt beat forecast reven revenue above projections. There was a 3. 5 jump and the Home Improvement retailer raising its fiscal 2015 sales and Earnings Guidance. Brian joins us in a few minutes to weigh in on the latest results but u. S. Comps were strong as well. Up almost 6 . The company has now had beaten 11 quarters in a row. So it was widely expected it was going to be a 12th and thats exactly what happened. Shares of home depot down. Pretty good run for the stock as well this year. Based on the housing data weve seen lately including yesterday, this was widely expected to be another beat quarter. As you mention, theyre giving good guidance for the year. They see same store sales up 4. 1 to 4. 9 for the year. Thats what theyre expecti