Anything on the calendar that you want us to look into. All right. Next item. Adjournment. Ill accept the motion to so moved. All in favor, say i. I. Opposed . We adjourned 525 happy new year good afternoon mr. Clerk are we ready to call ill officially call the meeting to order wednesday, january 11, 2017, it is one 13 in the afternoon please rise and join me for the pledge of allegiance and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you and welcome happy new year to you all mr. Clerk, please call the roll commissioner cohen commissioner stansbury commissioner bridges that sxementd think outside the box commissioner makras commissioner paskinjordan will not be here we have quorum. Lets take Public Comment before you go into closed session first of all, i wanted to say that you should say with the session you are going into executive session my name is steve with the united public for action i see a i could thinkcy tha
Indivisible, with liberty and justice for all. Thank you and welcome happy new year to you all mr. Clerk, please call the roll commissioner cohen commissioner stansbury commissioner bridges that sxementd think outside the box commissioner makras commissioner paskinjordan will not be here we have quorum. Lets take Public Comment before you go into closed session first of all, i wanted to say that you should say with the session you are going into executive session my name is steve with the united public for action i see a i could thinkcy that will not be beneficial to the city and county workers and residencies you kept secret our investments are this is unconscionable the city and completed have a right to know where their pension money is invested this is unacceptable and outrageous and i think also you have members of this board who are officers and female on much overtime commissioner stansbury commissioner driscoll who are City Employees and basically getting extra overtime on our
The s p and the dow running on gains by the end of the day and the nasdaq coming down from its highest level the sheer. We did have the dow above 18,000. Still green but a little off the high. The upward trend continues. Alix and it started in asia with the hang seng passing its 200 day moving average, inching above that level. European shares rose the most in two weeks. U. S. Stocks, chevron adding 15 points. That story holding up there. One stock that did not hold up is valeant. A really horrible day for valiant come its lowest level since 2010 comments worst selloff since march. Bonds were really trading week, . 81 on the dollar, which is an earnings clobber. Joe one thing people were buying today, government bonds in europe. Going lower and getting close to zero on the 10 year and the u. K. Held a 30 year government on option on auction and accepted its lowest year yield. Bond buyers in the u. K. Not concerned the brexit is going to be bad for u. K. Sovereign debt. Scarlet that see
Divide at the Federal Reserve. But we do begin with fears about the worlds biggest retailer. Shares of walmart tanking right now after cutting its threeyear outlook. Were currently down by 8. 3 at 61. 16 a share. Walmart executives meeting with analysts at this hour, as we mentioned, and Courtney Reagan has all the details of it. Hi there. Walmart investor meeting, the analyst q a wrapping up, the group asking for more clarify on the warning on longterm guidance but not much more clarity was given. Executives highlighting that the Major Investments they continue to make for the earnings per share impact. Fiscal year 2016. Walmart now expecting sales growth to be flat due to Foreign Exchange impact. Also for 2016, reiterating the earnings per share guidance of 440 to 470 but 2017, thats when the he have yet guidance comes in. Eps down between 6 and 12 from prior year, walmarts guidance given. The impact really lies in the fiscal year 2017. Walmart says its the second year of heavy inves
Stake into a chinese chip acre. Dip the most in nearly two months yesterday, setting the index closing down over 2 for the week. All companies except for 14 on the s p were down yesterday. Julie hyman has much more. Lets put this in context. The s p 500 was at a record as recently as september 18 and hasnt been losing ground. Down only 2. 3 from that time but we have seen a change in about whatconcerns is happening geopolitically around the globe in russia in particular. Of course, the continuing situation in the middle east, what effect will that have on oil and other segments of the market. Then in the background, the fed, when will that raise rates, what effect will that have . You see the three major averages. We still have not seen that 10 pullback in more than three years in the major averages, but yesterday, 320 billion are raised from the value of the s p 500. I should also mention apple contributing to that over concerns of its latest operating system update. The vix,lso see a