Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And can he have gains in stocks as the same time as a trade war continues . As you made those comments, the s p 500 took a hit, dropping for the first time in six sessions. Coming up, we speak to the oecd secretarygeneral. Dont miss that interview live. Lets get bloomberg first workers. Word news. The u. S. House voted to condemn comments from donald trump that are racist. Week, he tweeted for congresswoman should quote go back to where they came from. Trump says he is not racist and does not have
14156550001 and using meeting id 26645312704 and the webinar password is 1234. Please insure you are in a quite location, speak clearly and turn off background sounds. Wait for the item you would like to address to be called. When prompted press star 3 to be added oo the queue. The system will notify you. Callers will hear silence when waiting to speak. Operator will unmute you. Callers have the standard three minutes to provide Public Comment. You may watch live at www. Sfgovtv. Org. Item 1, roll call. President nakajo. Present. Vice president morgan. Present. Commissioner Catherine Feinstein has been excused. Commissioner fraser. Present. Commissioner collins. Present. Chief of Department Jeanine Nicholson. Present. President nakajo will now read the land acknowledgment. Thank you very much. Good morning. Thank you madam secretary. The San Francisco Fire Commission we acknowledge that we are on the unceded ancestral homeland of the Ramaytush Ohlone who are the original inhabitants of
Meeting id 26645312704 and the webinar password is 1234. Please insure you are in a quite location, speak clearly and turn off background sounds. Wait for the item you would like to address to be called. When prompted press star 3 to be added oo the queue. The system will notify you. Callers will hear silence when waiting to speak. Operator will unmute you. Callers have the standard three minutes to provide Public Comment. You may watch live at www. Sfgovtv. Org. Item 1, roll call. President nakajo. Present. Vice president morgan. Present. Commissioner Catherine Feinstein has been excused. Commissioner fraser. Present. Commissioner collins. Present. Chief of Department Jeanine Nicholson. Present. President nakajo will now read the land acknowledgment. Thank you very much. Good morning. Thank you madam secretary. The San Francisco Fire Commission we acknowledge that we are on the unceded ancestral homeland of the Ramaytush Ohlone who are the original inhabitants of the San Francisco pen
Would like to address to be called. When prompted press star 3 to be added oo the queue. The system will notify you. Callers will hear silence when waiting to speak. Operator will unmute you. Callers have the standard three minutes to provide Public Comment. You may watch live at www. Sfgovtv. Org. Item 1, roll call. President nakajo. Present. Vice president morgan. Present. Commissioner Catherine Feinstein has been excused. Commissioner fraser. Present. Commissioner collins. Present. Chief of Department Jeanine Nicholson. Present. President nakajo will now read the land acknowledgment. Thank you very much. Good morning. Thank you madam secretary. The San Francisco Fire Commission we acknowledge that we are on the unceded ancestral homeland of the Ramaytush Ohlone who are the original inhabitants of the San Francisco peninsula. As the indigenous stewards of this land and in accordance with their traditions, the Ramaytush Ohlone have never ceded, lost nor forgotten their responsibilitie
The last few years, as you know. Is value back . Its hard to say whether its back yet. I mean, its been probably three weeks where the value has started to reassert itself. But after five years of underperformance of value versus growth, the spreads in valuation are at provocative levels. Cheap stocks are as cheap as they get. Expensive stocks are reasonably expensive. And that spread has widened to the point where in the past, if you tried to capitalize on it, you would have been really wellregarded. Josh, yeartodate, value outperforming growth from the february 11th bottom, which, by the way, we mark the onemonth anniversary of today. Energy is up 12 , industrials up 10 . Financials are up up 13 . Is this the start of a broader trend . Well, i think if it if the trend of growth substantially outperforming value continues for much longer than it already has, it would be an almost unprecedented length of time through history. So to some extent, just on a mean reversion basis, you think