Shares of the morning times up. As the president would say bigley on the back of its strong earnings. The ceo of the nyt joins us live. Power lunch starts right now. Welcome to power lunch. Im michelle carusocabrera. Major averages are lower but Holding Steady ahead of the fed decision. This move in the nasdaq down 29 points. Right now thats the biggest drop in more than a month. The nasdaq still off lows of the day. Check out whats moving, a retail wreck this hour. Groupon and etsy leading declines on the back of their weak earnings. Groupon down 15 and etsy is down almost 10 . Melissa . Im melissa lee. Puerto rico announcing a historic debt restructuring on a portion of its 70 billion of debt. The move comes after talks with bondholders failed fbi director james comey grilled defending his decision last year, just days before the president ial election to reopen an investigation into Hillary Clintons email. And facebook making a major move to crack down inappropriate material. The so
The country testing another missile over the weekend. Details on what the pentagon is doing in response later this hour. British airways attended dozens of flights canceled. Passengers stranded. This is a trip of a lifetime for the last year and a half. We are back to work next week. Just say go home, nothing to do with us. There have been better system. Back up and running. The cost could hit nine figures. Another line of Great Recession has faded away. Credit scores hitting a record high. The health of the economy coming out. Markets reopening after the holiday weekend. You can see slight losses across the board right now. The s p 500 ad this day at alltime highs. If you take a look at the dow, the dow is only 35 points away from a record close. In europe, checking Market Action on three major markets. Across the board although very modest in germany. In asia overnight, markets in china and hong kong closed for a holiday. He canned coffee with little change. Well was tiger woods arre
Okay, good morning, everybody welcome to the final 2016, meeting of the San Francisco board of supervisors budget and finance committee meeting. My name is mark farrell and i will be chairing this committee and i am joined by supervisor norman yee and joined momentarily with tang and i want to thank, lindy wong and sfgtv for covering the meeting. Do you have any announcements . Silence all cell phones and devices completed cards and documented to be included as part of the file should subm submitted to td clerk. Call item one. Hearing on the recent updates regarding the citys financial position, including the mayors budget instructions to departments for the physical year, 17, 18, and 18, to 19. And requesting the mayors budget director and the controller to report. Thank you very much, supervisor tang has joined us, and this is an item that we called and i want to thank the budget dreker for being here and i thought that it was the end of the year here and the mayors instructions that
Submitted to td clerk. Call item one. Hearing on the recent updates regarding the citys financial position, including the mayors budget instructions to departments for the physical year, 17, 18, and 18, to 19. And requesting the mayors budget director and the controller to report. Thank you very much, supervisor tang has joined us, and this is an item that we called and i want to thank the budget dreker for being here and i thought that it was the end of the year here and the mayors instructions that came out last week and it would be a good idea to get the up date as a board and a city hall and thank you for being here and i know that you have a presentation to go through. Great. Thank you chair farle and so im melissa the director and i am joined by the controller, and we will be going through this presentation for about the next 20 minutes. Feel free to stop me if you have any questions. Talk about three things today, the first thing is the post election rebalancing plan, the citys
Okay, good morning, everybody welcome to the final 2016, meeting of the San Francisco board of supervisors budget and finance committee meeting. My name is mark farrell and i will be chairing this committee and i am joined by supervisor norman yee and joined momentarily with tang and i want to thank, lindy wong and sfgtv for covering the meeting. Do you have any announcements . Silence all cell phones and devices completed cards and documented to be included as part of the file should subm submitted to td clerk. Call item one. Hearing on the recent updates regarding the citys financial position, including the mayors budget instructions to departments for the physical year, 17, 18, and 18, to 19. And requesting the mayors budget director and the controller to report. Thank you very much, supervisor tang has joined us, and this is an item that we called and i want to thank the budget dreker for being here and i thought that it was the end of the year here and the mayors instructions that