And details on the unwinding of the Balance Sheet. We see all of our major averages slightly off their record highs as we wait for that. As we wait for that, lets take a look at the bloomberg here. We have a chart of the s p 500 versus not just the fed Balance Sheet, but the return on the assets that the fed holds. Andave the s p 500 in white that securities owned by the. Ederal reserve since 2015 we have seen them go sideways slight gains in some performance, certainly outpaced by those of stocks, and we have had a lot of commentary around what the unwind is going to do since the conventional wisdom at least is that quantitative easing helped the growth of the growth of the fed Balance Sheet has helped the stock market, so we might see this hurt the stock market. And speaking of shrinking, we are watching the Food Industry run into some struggles here. General mills out with its numbers, three years sales slump is what has been experienced here. Earnings missing estimates, sales missi
Citi reiterating its bullish call and aluminum getting a nice pop, at the highest level in five years. David we will be bringing you live coverage of the blue ball Bloomberg Global business form. We have a panel between Christine Lagarde, the Prime Minister of canada and the netherlands, and larry fink of black rock. That begins at 8 30 a. M. This morning right here in new york. Lets get an update on what is making news outside the Business World. Hurricane maria made landfall in puerto rico. The category four storm had top wind of 155 Miles Per Hour when it came ashore on the southeastern coast of the island. Ago, when arrigo suffered a billion dollars in damage from Hurricane Irma. Puerto rico suffered a billion dollars in damage from Hurricane Irma. Mexican Officials Say at least 270 people were 217 people were killed in an earthquake that collapsed buildings and left millions without power. Hundreds may be trapped in the rubble. Investors are waiting to see what Federal Reserve pol
Enforcement actions, antitrust laws and online Data Security. Posted by the Free State Foundation this is about one hour. We are going right into the next panel which is the view from the ftc, overseeing internet practices in the digital age. The panel looks to be incisive from a policy perspective and keeping in mind are cspan audience, we promise a Panel Discussion that is tv and familyfriendly as always. You have biographies with you that are printed. The brochure is also at our website restate foundation. Org. In the interest of time i will keep the bios, introductions short and seated here with me at the podium here i have tad lipsky, acting director of the bureau of competition at the federal trade commission. The bureau of competition addresses matters such as mergers and premerger clearance as well as anticompetitive practices. He is a recognized expert in the field of antitrust and competition law and policy. With an extensive background as well in private practice and histori
Couple of political blows to the donald trump administration, he revealed that the fbi is investigating whether any of the president s associates collaborated with the russian government during the election campaign. He said there is no evidence to back up the president claimed that he was wiretapped his predecessor. In europe, french president ial front runner Marine Le Pen and Emmanuel Macron went after each other in a televised debate, she attacked his record and call for a ban on all immigration and a 35 tariff on certain imports. Macron blasted her for her lack of ethics. A former Irish Republican Army commander who helped negotiate peace in Northern Ireland has died. He was 66. He denied allegations that he took part in terrorist activities during the time known as the trouble. He later became the chief anotiator negotiator for arm and eventually became a leader in the powersharing government. A former south Korean Leader has appeared for questioning for the First Time Since the
Your name and item and pass to to the staff ill call you during Public Comment and thank you to sfgovtv and the Media Services for producing this live every time we meet go ahead and start with the roll call. Commissioner joseph commissioner lee commissioner frost president tan here. All right. Thats a quorum none taking any bathroom breaks otherwise thank you all right. So the first item is general Public Comment this is Public Comment on any item relates to the Entertainment Commission that is not currently agendized any. Not seeing any, Public Comment is closed. Monarch to item number two Meeting Minutes i have one change just to make i was to the present at the meeting i couldnt have called it to order besides that noting no changes or amendments no quorum of people i move to continue the minutes. A motion to continue. Second all right. Commissioner joseph commissioner lee commissioner frost president tan the motion continues to the next meeting you want to move on to item number 3