Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
Facing another grilling from lawmakers about the safety of the 737 max. Risks facing the stock Halftime Report starts right now. All right. Good to have you with us on this wednesday from post 9. Our Investment Committee here. Lets begin with the markets the count down to the fed. Investors expecting a cut, but it is the what comes next that matters most of all. And for that we bring in Steve Liesman, who is at the fed today. Thats what everybody wants to know, right . Everybody knows a cut is coming. Its whats next. What i think will happen is powell and the committee will carve out flexibility to react more to the data i think the issue, the way that powell probably not going to put it this way, but simply to understand it is we may cut next time we may not cut next time but were definitely not going to cut were not definitely going to cut is a good way to think about it in other words, the market is building in automatic cuts from meeting to meeting and i think powell will want to b
Assuming i didnt miss anybody, you have a quorum. Items prohibition of soundproducing devices. The ringing of a user cell phone or pagers are prohibited at the meeting. Any person responsible for one going off may be asked to leave the room. And cell phone vibrate causing micro phone interference so the board requests they be turned off. Item for approval of the minutes of the october 1 regular meeting and no one has turned in a speaker card regarding the minutes. Thank you, directors, do you have copies of the two sets of minutes, if there are no comments, ill entertain a motion. Motion to approve. Second. All in favour please say aye. Aye. My opposed. Ok. Item 5. All right. Mr. Chair, i have no communications at the moment. New or unpublishe unfinished bu. Board members, if theres something you would like to address now, please do so. I had some leaders in chinatown bring up the issue around i know that there was concerns generally about the delay and the subway and concerns about th
Pettersson. Good afternoon, commissioners. My name is neil patel and on behalf of lyft im here to support this project. These safety permits are long overdue. This project aligns with lyfts vision to provide for Market Street as a corridor that provides safety and inviting mobility for all. We encourage to you a improve this project but act fast and start its limitations as farther as you can. Thank you very much for your time. Thank you, very much. Next speaker, please. Stephen sears, is mr. Sears here . Peter strauss, hiedi peterson, rowen, cindy baker, jordan wang. Welcome back. Good afternoon. Peter strauss on the board of San Francisco transit riders. Ive also been working on this for eight years. I hate to not be part of the chorus but we have a number of concerns, however, we do fully support the traffic changes and very much look forward to the quick build. We also support the separated bike lanes. However, we have a number of physical concerns primarily related to stops. We no
Continues to pose risks. But first, our top story. Mark zuckerberg will get a firsthand look at the growing opposition to facebooks plan to create a cryptocurrency. He will testify october 23. The hearing will examine facebooks impact on the financial and housing industries. My first question is, how significant that it is zuckerberg . It is very significant. Anytime the ceo testifies, it is a big deal. I was there in april of 2018 when he last testified and it was a total zoo. Everyone wants to see him and asking questions. I imagine this will be the same. I know they had been trying to get sheryl sandberg. We wrote about that a couple of weeks ago. It looks like they got someone even better which is her boss. Taylor what do we know about the content of the hearing . Kurt this committee focuses on financial services. They also do housing staff. Stuff. Accused withbeen issues around its advertising businesses. People are being discriminated for housing related issues. I imagine that wi