And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed has lost control of the narrative. Then speakers can keep coming out. We heard from Patrick Harker today. They have lost control of the market is what sign around with what they perceived to be inflation. Jonathan it is easy to blame inflation but they came in soft. Annmarie they will point the hands at congress for a number of reasons because they dont have a speaker. When you look at what the Con
Commissioner tomas. Commissioner engardio. Present. Thank you, we have a quorum. Call item number 2. Item number 2, communications, we welcome the publics participation during Public Comment. There will be an opportunity for general Public Comment at this meeting and there will be an opportunity to comment on each discussion or action item on the agenda. Each comment is limited to 22 minutes. Public comment will be taken inperson and remotely by call in. For each item, the board will take Public Comment for people attending the meeting remotely. Comments or opportunities to speak during the Public Comment period are available by phone calling 4156550001, excess code 26611, 4307349 then pound and pound again. When calling youll hear the meeting discussions, when your item of interest comes up, press star3 to be added to comment line. Best is to speak from a quiet location and turn down the radio or computer. Please note that city policies along with federal state and local call discrimi
There will be an opportunity for general Public Comment at this meeting and there will be an opportunity to comment on each discussion or action item on the agenda. Each comment is limited to 22 minutes. Public comment will be taken inperson and remotely by call in. For each item, the board will take Public Comment for people attending the meeting remotely. Comments or opportunities to speak during the Public Comment period are available by phone calling 4156550001, excess code 26611, 4307349 then pound and pound again. When calling youll hear the meeting discussions, when your item of interest comes up, press star3 to be added to comment line. Best is to speak from a quiet location and turn down the radio or computer. Please note that city policies along with federal state and local call discriminate conduct and will not be tolerated. More over Public Comment is permitted only on matters under the jurisdiction of this body. And we thank you for joining us. Next, item please. Item numb
Closed down by about 2 . The losses were more severe by the hang seng. Down 2. 1 . The shanghai off by 0. 3 the nikkei down by 441 points. That will get your attention lets look at early trading in europe again, some declines there not as severe as we saw in asia, but the dax is off by 1 lesser losses for the cac and the ftse declines in italy and spain. Yesterday the tenyear yield was 2. 35 , this morning at 2. 34 . We are watching the price of bitcoin surging past 12,000 towards a new record high. The currency got a boost on friday when regulators announced it would allow the cme group and cboe to allow bitcoin future contracts. Theres a few economic reports on the wall street agenda the november adp employment report is out at 8 15 eastern followed by revised Third Quarter productivity and labor costs at 8 30. On the earnings front, brownforman, h r block, American Eagle outfitters are set to report before the opening bell broadcom and lululemon are out after the close. We mentioned
Stocks this year some are up more than 90 . Will investors ride the rally on into 2018 . Weve got your gaming playbook power lunch begins right now. Right now we are lower today across the board, albeit slightly telecom is leading and ralph lauren, Dollar General and target are among the top perform earns. Goldman sachs is seeing Current Quarter earnings reduced by 5 billion due to the new tax law on the verge of ending as the best performing down stock with a 90 gain, crude is holding above 60 a barrel and could end the year above that mark for the First Time Since 2013 now, with only three hours left in the trading year, the down track for roughly a 25 gain, that is around 5,000 points in one year the New York Stock Exchange is here with more facts and figures on a great year for stocks hello. Hello the big question is, will the news continue into 2018 . There was a lot of it. The s p rose 20 , the best return since 2013 when it rose 32 , just about a perfect market everywhere the s