Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
Chairman powell says this is not the beginning of a move downwards. Capital gains. Boosting the ratio and outperforming rivals and Equities Trading. The ceo says he will not let brexitange his plans change his plans. It is a question mark. We are not making changes of saturday strategy because of the exit. Prices slump. We speak to the ceo shell. Take a quick look at my terminal. The u. S. 10 year yield, the dip you can see right after news of the fed rate cut. At first, and investors were buying bonds and pushing down the yield. Then during the press conference, it came back up. It does not look like the market is convinced Jerome Powell will keep cutting. Clear in the press conference he never said this is the only cut. There could be more to come. Take a look at where we see futures trading. It is a down day. Drops yesterday. Futures up 0. 6 . Ftse futures falling by half. We see the aftermath of the u. S. Session. Selling over and asia. The japanese market cushioned a little bit be
Held in hybrid with occur nothing person in city hall. Live on sfgov. Org and available on zoom or listen to by calling in. We welcome the publics participation during Public Comment period. An opportunity for general Public Comment at the beginning and an town to comment on each discussion or action item on the agenda. Each comment is limited to 3 minute it is. The commission will hear up to 20 minutes of remote comment. Because of the time limit it is possible not everyone in the queue will have an opportunity to provide comment. Comment from disability will not count toward the 20 minute limit. Public commitment will be taken on each item first from in person and then remote. For those in person fill out a speaker card at the side table or podium. Come up during Public Comment of state your name and affiliations and then comment you am have 3 minutes. Then hand your card to the staff behind the podium. If using zoom select raised hand. If by phone, dial star 9 to be add when your it
Held in hybrid with occur nothing person in city hall. Live on sfgov. Org and available on zoom or listen to by calling in. We welcome the publics participation during Public Comment period. An opportunity for general Public Comment at the beginning and an town to comment on each discussion or action item on the agenda. Each comment is limited to 3 minute it is. The commission will hear up to 20 minutes of remote comment. Because of the time limit it is possible not everyone in the queue will have an opportunity to provide comment. Comment from disability will not count toward the 20 minute limit. Public commitment will be taken on each item first from in person and then remote. For those in person fill out a speaker card at the side table or podium. Come up during Public Comment of state your name and affiliations and then comment you am have 3 minutes. Then hand your card to the staff behind the podium. If using zoom select raised hand. If by phone, dial star 9 to be add when your it
Lands acknowledgment. [ramaytush ohlone land acknowledgment] this meeting is held in hybrid with occur nothing person in city hall. Live on sfgov. Org and available on zoom or listen to by calling in. We welcome the publics participation during Public Comment period. An opportunity for general Public Comment at the beginning and an town to comment on each discussion or action item on the agenda. Each comment is limited to 3 minute it is. The commission will hear up to 20 minutes of remote comment. Because of the time limit it is possible not everyone in the queue will have an opportunity to provide comment. Comment from disability will not count toward the 20 minute limit. Public commitment will be taken on each item first from in person and then remote. For those in person fill out a speaker card at the side table or podium. Come up during Public Comment of state your name and affiliations and then comment you am have 3 minutes. Then hand your card to the staff behind the podium. If u