Surveillance. I am Francine Lacqua. Tom, i know you were in new york and it is going to be a great day. Bank newsthe deutsche , it gets your attention. I would focus as well on the italian banks. It is benny the headlines, but watching unicredit beneath the headlines but watching unicredit. Francine especially if the nonperforming loans keep putting an damper a damper on the italian stocks and the european stocks. Nejra we start with some news breaking in just the past two minutes in turkey, markets are giving a vote of confidence to the latest move by the Prime Minister elect. He has decided to keep the last man standing of a market Friendly Team credited with turkeys economic boom. It is a boost for british Prime Minister David Cameron and his campaign to stay in the european union. Older voters are switching to his side according to the or be survey. 55 plan tors over vote to stay in eu, up from 34 in march. The referendum is june 23. Euro area finance mise ministers meet to discuss
Create hes taking a lot of heat. This is an unquestioned big victory. This was a 2. 6 billion score. Take a look at this name. They first got into it in september of 2011. They built the stake over a course of a month or so with prices ranging at about 63 with the average price 55. After putting new direct orreor the board and being involved with that, they began selling stock 6 million shares in late 2013 at about 142 a share so theyre up about 90. Two more sales in the years that followed at a higher price range and then the 9. 8 million share yesterday. They made most of their profits, roughly 2 billion on the stocks performance but they also benefitted from a currency hedge. They will use the proceeds of the sale to make one or more new investments in the main Fund Although not necessarily through a special vehicle. The timing couldnt be better. The fund is down about 19 through july thanks in large part to the awful performance of val ent pharmaceuticals and then theres herbalife.
Tires slashed on 100 planes in alaska, no word on who did this. The mona lisa at risk, flooding in paris forcing the Louvre Museum to close, artwork is being moved to protect against the rising waters in paris. Apple bounces back from the major outage, services were all down for several hours. We tell you about it. The warriors take game one of the nba finals. It was not stefan curry who drove golden state to victory, top plays later this hour. Stopped story for markets the may jobs report, expectations, job creation of 164,000 for the month of may and the Unemployment Rate down to 4. 9 , breaking news as it develops, checking Market Action in asia, slight gains across the board, moves across the board in asian markets and in Europe Markets higher there as well. Look what we are looking at one day after the ecb meeting yesterday, the s p 159 points up 1 and carrying over to the us although futures searching for direction ahead of the job number for the month of may, indicating a fracti
Commissioner cohen is expected later. Commissioner meiberger. Commissioner bridges is on her way. Commissioner driscoll, exhibitioner makras, commissioner stansbury. A quorum is present. Thank you mr. Secretary. First on the agenda is a private session regarding investments. The chair will entertain do you want Public Comment first . How do you want it . First well talk Public Comment to go into private session. Members of the public, shall have the opportunity to address the board on this item. The items are investment items to be discussed in closed session. Any member of the public like to address the board at this time . Hearing none, the chair will entertain a motion to go into closed session. Second. Moved and seconded in closed session. All in favor say aye. Any opposed . The aye have it. So with that note, i raise the quorum. Weve already done the pledge of allegiance. Weve have a quorum here. Let me call the meeting into session. Well start with item number four, which is gene
In the meantime lets get you caught up where we stand. Yesterday the markets had a rebound. The dow was up by over to 230. Volatility is back at least for a few days. Dow is down by almost triple digits decline of 96 points below fair value. Nasdaq down by 24 and s p down by over 30. Overnight in asia the nikkei stabilizeed a bit after the big losses it posted the day before catching up with what we had seen on friday. Right now you see nikkei closed up by 56 points. Shanghai composite was flat. In the early trade in the european be markets youll also see that the dax is higher up by by. 4 . Were also watching oil prices today. The International Energy Agency Cutting its forecast for global oil demand, the iea is citie ii wobbling asian demand and its taking prices down. Wti down by 2. 5 . Decline of over 1 to 45. 17. Some other headlines. Goldman sachs now cutting the odds of fed rate hike next week to 25 from 40 porjsly. The firms call came after fed governor brainard caused against