Road map begins with china trade concerns, retails biggest sales decline in seven months, corporate earnings in focus. B of a rallying on a beat, futures point to a muted open. Capitalism under fire a bit democratic president ial hopefuls square off and taking aim at big business and personal wealth. And billionaire marc benioff will join us at post nine. Well talk tech regulation, capitalism, ipos and who he is eyeing in the 2020 race. Stocks are on track for a modest open a day after the dow close the above 27 k for the first time in almost a month s p finished shy of 3,000. B of a beats the street with quarterly results. On the economic front, retail sales were down. 3 in september. Revisions were better. Gas stations down. 7 people say maybe this has to do with gas prices. Perhaps it does when i take a look at what is going on, if you read between the lines with bank of america, which is just a gigantic bank, gigantic consumer bank, talking about 5. 7 growth in Consumer Spending ye
Interest rate cuts in the offing. Will it between 25 basis points or will they do what they did this time yesterday you can that is currently in position at the moment, so we had the economic number coming in weaker than expected. Checking the markets, lets see what is going on. We did match the longest losing streak. Did not quite actually make it here longest moving streak since 1980. This is what we have in a moment, this is the position. 1. 1 , a bit of a really for the hang seng, nikkei. Lets have a look at what we have at the moment. 7. 04. We go, we have gold futures, down at the moment but still above 1500. Coming through with a gain of about 2. 75 . This is saudi arabia, prompting Oil Producers to develop responses to the oil price slide. Terrain. Et u. S. 10year yield creeping up a fraction. Elsewhere, we see the bond rally continue. Lets get more on the philippines gdp numbers. Joining us from Goldman Sachs is. Hief asiapacific economist there was conference run remittances
Places you on item number four. Approval of minutes for the march 5th regular meeting. Secretary, id like to make some opening remarks, if thats all right, before we get into minutes, i wanted to just thank everyone for being here today, and i just feel that i need to open up this meeting with an acknowledgment of the tragic events that occurred at west portal station over the weekend. Im imagining, but i dont know. But im imagining that many people are feeling anger, rage, a sense of powerlessness, hopelessness. I know that ive cycled through these feelings myself over the past 72 hours, and this happens whenever i hear of any fatalities or serious injuries on our streets. It shouldnt happen in our city or anywhere, and our hearts are with the family. I also know that when these kinds of things happen, there is a natural tendency to want to make sense of the situation very quickly by finding a villain to blame, pointing a finger and demanding action and i understand that. I think that
Confidence in your power that they will celebrate the victories that are yet to be. May they never forget the inheritance that belongs to all who love and serve your will on earth. Provide them with the wisdom to know that you are the only sure foundation for all their strivings. Remind them that unless you protect the tion, its leaders and citizens labor in vain. Eternal spirit, great and marvelous are your works; just and true are your ways. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer under the previous order, the leadership time is reserved. Morning business is closed. Under the previous order, the senate will proceed to executive session to resume consideration of the erickson nomination, which the clerk will
Youre recognized. Mr. Wyden mr. President , thank you. Mr. President , i rise today in opposition to the president s nomination of ajit pai to head the federal Communications Commission. My view is that, in particular, mr. Pai will do an enormous amount of damage to one of the foundational principles of the internet Net Neutrality and i am going to outline why that would be a horrendous mistake for our country. Mr. President , after we came to use the internet and see what an extraordinary asset it could be to our country, really beginning late in the 1990s, we laid out what i still consider to be the Legal Foundation for the internet. In other words, there was a lot of joking about who created the internet. The internet was being used and to see how beneficial it would be. And on a bipartisan basis, the senate and house to really lay out what were the foundational principles of the net for a variety of them. Mr. President , we wanted to make sure that folks werent hit with multiple an