Presented and quorum is present. And can you call the next item. Thank you item number 2, communications. We welcome the publics participation. During Public Comment period. There will be an opportunity for general Public Comment at the meeting after closed session and an opportunity to comment on each discussion or action item on the agenda. Each comment is limited to 2 minutes. Public comment will be take place be inperson and remotely by call in. For each item the board will take the comments from people inperson and during the Public Comment time is available by calling. Public comment callin 4156550001 access code 2663 414 9768 when connected hear the meeting discussions but will be muted and listening mode added to the speaker line. Best practices are to call from a quiet location, speak clearly and slowly, and turn down your television, radio, or computer. Please noted city policies with local policies dont permit harassment and only on matter within the jurisdiction and thank y
Dylan for his contributions to song writing. Welcome to closing bell. Im kelly evans. Im bill griffith. Put a smile on your face, the dow rallying off of 184 point deficit earlier today. Stocks originally under pressure over concerns about weak export data from china. We will have more on what is behind the comeback. How does it feel . To be on your own . Im like are we actually singing . I got you. I think. New ceo of wells fargo. Chief operating officer tim sloane getting elevated to the top spot. Do critics want to see more changes. We have the president and ceo of the independent Community Bankers of america joining us throughout the hour. The power of amazon, go pro shares getting hit on news that the action camera maker is having issues regarding pricing practices. A battle between donald trump and the New York Times. The paper says it wont retract the article citing groping allegations against trump. He says the claims arent true. Lets start with the sell off or what use today b
Advanced and makes sense. This is the kind of pull back in the dow and s p, more severe than earlier in the day. Its expected periodically. Since were in the thick of the playoff hunt, you have to view this market like the nfl and a particular session like a particular game. Sometimes the s p 500 gets beat simply because it doesnt execute well. Individual players fail to play up to their potential, especially when youre on the road facing the 12th man of a back drop. Today close at the end but even the best team suffers. First, lets start with the back drop, the Chinese Market had a huge rumble and while their weakness can be our strength, thats my theme, a 5 decline lets call it jarring. But not as jarring as the 12 decline in greece. The worst in 27 years. We had all put greece in the rearview mirror. Alas, what does the down fall of af greek government has to do with the price to earnings ratio of brist ol myers. When you wake up at 3 30 a. M. And its pouring rain and youre figuring
Its been. To talk about swings, talk about crude oil, talk about the ruble which after that surprise decision by the Russian Central Bank yesterday to raise to 17 , the ruble immediately jumped up 10 and then fell back by about 8 and a 20 percentage point swing here. If you just looked today and didnt know what happened this morning you might think its an expected reaction and hide a lot of volatility we have seen, again, in global asset glasses here. Whiplash is only term some people are using to describe it. Yeah. No doubt. In the major averages right now, where we stand on the street. Theres the s p 500. A fractional mover. Thats sort of again helps to tell the story. Again, back under 2,000. The nasdaq under pressure today to the tune of 17 points and this ones interesting because some of the decliners on the session of note include tesla back below 200 mark off 2 . Amazon off 3 and meanwhile, the Dow Jones Industrial average seeing a gain of 40 points t trying to hold on here and
Thank you becky one of the key Decision Makers now defending a decision to launch a program. The launch had now been moved in the right direction and said Market Reaction was encouraging thus far and next big question a major election in greece this weekend. Back in the United States the focus is on earnings and economic data. On the agenda heres whats happening. Quarterly results from General Electric and mcdonalds before the bell but two data points coming up at 10 00 eastern time. Existing home sales and leading economic indicators. Stock futures at this hour dow opening up 5 points higher. S p 500. Nasdaq up about a point. Now to todays top stories. Succession in audi arabwe saudi arabia. Brother to brother. These are the sons of the original king of saudi arabia. The unspoken question is what is next for saudi arabia. Is this the last brother. Yes it is. King salman. Hes a half brother. Hes 70. Hes in his 70s. Thats pretty young at this point. I know that now. When we were talking