Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writers strike, obviously for Warner Brothers is important.
This hour. These are modest declines. Dow down 71 points. S p futures off 11. Nasdaq down by 44. At this point, the dow is on track for its fourth negative week in the last five and that is because of the treasury yields. They have been pushing higher and higher. The tenyear yield is 4. 95 . In fact, it did cross that 5 line that we were watching. Hovering at 5 . Yesterday, just after 5 00 p. M. , the tenyear yield hit the 5 level briefly. The last time we hit that level was july of 2007. Yesterdays move cameafter fed chairman pojay powell spoke and kept the door open to more rate hikes. We have models for everything and formulas for everything. We have to be focused on what the economy is telling us. Even taking lags into account. What is it telling us . Does it feel like policy is too tight right now . I would have to say no sdp. We will talk about rates and more with Raphael Bostic. Until recently, bostic has said were done. Jay powell said yesterday at the Economic Club of new york
[ gavel ]. Supervisor cohen good morning, ladies and gentlemen. I want to welcome you to the budget and finance Committee Meeting. This meeting will now come to order. This is the regular meeting, regular scheduled meeting for the budget and finance meeting. Im supervisor malia cohen, chairman for this meeting. And to my left is supervisor tang and to my right is supervisor yee. Our clerk is mr. Victor young. At this time, id like to thank our people at sfgovtv for televising this program. Mr. Clerk, do we have any requests . Clerk please. Please silence all cell phones and tablets. Supervisor cohen all right. Thank you, i appreciate that. Well, colleagues, as i say, lets go ahead and dig in. Well start at the top of our agenda. Mr. Clerk, call item 1. Clerk item 1, resolution authorizing the exercise of an option to extend the term of a lease for a portion of the second floor and entire fourth floor at 1145 Market Street for five years, subject to citys right to terminate, for the per
Our people at sfgovtv for televising this program. Mr. Clerk, do we have any requests . Clerk please. Please silence all cell phones and tablets. Supervisor cohen all right. Thank you, i appreciate that. Well, colleagues, as i say, lets go ahead and dig in. Well start at the top of our agenda. Mr. Clerk, call item 1. Clerk item 1, resolution authorizing the exercise of an option to extend the term of a lease for a portion of the second floor and entire fourth floor at 1145 Market Street for five years, subject to citys right to terminate, for the period of july 1, 2018 to june 30, 2023. Supervisor cohen thank you so much. Do we have a representative here today . Anyone from real estate . Im also wondering if we have anyone from the law library here . Now unfortunate. I believe we continued this item under the impression that the executive director would be here. Well, mr. Updike, its good to see you. Another controversial item to talk about. Good to see you, too, chair. Supervisor cohe
Tang and to my right is supervisor yee. Our clerk is mr. Victor young. At this time, id like to thank our people at sfgovtv for televising this program. Mr. Clerk, do we have any requests . Clerk please. Please silence all cell phones and tablets. Supervisor cohen all right. Thank you, i appreciate that. Well, colleagues, as i say, lets go ahead and dig in. Well start at the top of our agenda. Mr. Clerk, call item 1. Clerk item 1, resolution authorizing the exercise of an option to extend the term of a lease for a portion of the second floor and entire fourth floor at 1145 Market Street for five years, subject to citys right to terminate, for the period of july 1, 2018 to june 30, 2023. Supervisor cohen thank you so much. Do we have a representative here today . Anyone from real estate . Im also wondering if we have anyone from the law library here . Now unfortunate. I believe we continued this item under the impression that the executive director would be here. Well, mr. Updike, its g