General Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and will not be tolerated. Public comment is permitted on matters within the jurisdiction of the meeting body and thank you
Item 2, communication. We welcome Public Participation during Public Comment period. There will be a opportunity for general Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and wi
Having the best it infrastructure is very important so thanks again to karen and team for working on the budget. Next in terms of june and Board Meeting, you may have noticed it seems we have ebb and flow of long and briefer meetings. The last meeting of the quarter is more packed with topics. The same will be true in june, so we apt there will be closed session items, quarterly performance review, likely changes to the its related to the approved new Strategic Asset allocation. On the administrative side, provide a update on strategic plan, election of president and vise president and might have policies to approve. A lot of big items to cover in june and wanted you to be aware that might be a longer meeting. With that, as you know, in the materials we always have the board calendar, the conferences and training and this quarters travel expense report. Open up to any questions. Any questions . Thank you. Public comment, please. Do we have inperson Public Comment on this item . Seeing
Theyre merging the china operations with its biggest local competitor. We look at how this move could bring over closer to an pio. An ipo. Lets it over to the market desk. We are holding it is record going the earnings driven on a little bit it just like. It is slowing down. A memosto this is analysts, Goldman Sachs today downgrading u. S. Stocks to an underweight, it is a tactical call here. Not necessarily a longterm but a tactical shorterterm call looking at what we have seen in earnings and valuations. Detach a record before pulling back. We are seeing a lot of movement here. Were this long streak of the s p 500 not moving more than 1 up or down by the close most of the nasdaq is gaining more ground today. If you look at the groups on the move, on the bloomberg you can look at the imap, it is a tug of war. Energy shares are down, on the upside it is tech and health care both are gaining. That is one of the recent the nasdaq is outperforming today. Some of those involved are on the
Anna the collapse could be the industrys lehman moment. Welcome to the program. It is 5 00 in london and i am anna edwards. Anie and im angie lau. Welcome to bloomberg markets. You side, the u. S. Markets reacted to one fed governor sounding more hawkish on friday. From brainerd, who is a dove, ahead of this silent period. And she moved the markets as well. Anna the markets where primed to find out how dovish she would be. Will she stick to that script and she kind of did, didnt she . Some of that is wearing off in the Asian Session a little bit, isnt it . When we look at the u. S. Future picture, it looks a little bit less bright. So, lets listen to what brainerd had to say, talking about less urgency than others at the fed, and talking about the need for patience. The extent that the effect on inflation of further gradual tightening and labor Market Conditions is likely to be moderate and gradual, the case to tighten policy preemptively is less compelling. Anna making the case theref