Big divergence energy and tech not gore man 1 . Health care down more than 1 . Joins us for the full hour jay jacobs good afternoon to you. Thanks for joining us. Whats your takes on the diversity of trade today micron kind of a bellwether . Yeah, what we are seeing in the semispace is a comeback from noo. Whats the best way to play that there have been some hopes what we like the most are Pipeline Companies they dont get paid on the pril of oil, but how much oil is transported through the system its becoming one of the Biggest Oil Producers in the world lets get to all of the stories. Bob pisani is here, jon fortt is covering microns big jump saryers has earnings from generl mills. Bob . Its about oil and Interest Rates. We had a strong drawdown in crude inventories, one of the best we have seen in many years. Thats driving oil prices up, Energy Stocks, including all the biggs production names are up. All the big refiners like marathon and valero also to the up side. The other big sto
Entertainment commission. For all of you that dont know me. My name is maggie weiland. And im the director of the Entertainment Commission. Nice to see high oh, thank you all so much nice to see all of your faces today. Although this is our 13th annual summit. This is actually our 20th year of being a City Department here in San Francisco. So this is a big year for us. Um i dont believe i see him in the audience. But i did want to thank terence alan today for all of you that know him. Yes so terrence was a founding commissioner on the Entertainment Commission, and he had the vision in the early oughts to create this department. Um and really, um, find a way to strike a balance and find compatibility between nightlife , venues, neighbors and law enforcement. So thank you to terrence. Hopefully he is watching this somewhere. Ah um or watching it later, and i just wanted to thank all of my current commissioners who are here today. Youre going to be hearing from many of them during the pro
Is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and rapid fire bank runs in the age of social media. I think our witnesses for testifying today. The recent banking crisis was fueled by failed Bank Management, lack of hedges against Interest Rate risks, failed military policy, failed supervision, and overspending by the administration and democrats that led to historic inflation, prompting increased Monetary Policy action. Today, we will hear about what went wrong from the Bank Management themselves in state regulators. This is important, as the c
Dow and s p, but we are still close to those highs, at least the nasdaq down almost a quarter of a percent. The biggest loser in the nasdaq and its competitor was to be in talks with tesla to create a chip for autonomous driving. I want to turn to the base metals. We have stronger dollar than yesterday, weighing on the metals. That is continuing a little bit today. Some of these companies. This was the highest price since as Aluminum Prices were from bloomberg world surging. Nucor ceo discussing headquarters in midtown manhattan, this is bloomberg markets. Im scarlet fu. Taking action against unfair Commodity Markets closing in new york, select highlight some of imports. I wanted to touch on the dollar, because we heard from janet todays notable movers. Yellen yesterday and are holding gainsgames is gains gold falling back below 1300 1293 andw at for the stronger dollar, and really holding in there higher rates. Change. Continuing to see that. Moving on to gas, that gas it up withand w
Neil charles payne, mcedes schlapp. Mercedes, what do you make of this . Well, ive got to tell you, its like the invasion of the regulation overkill in our country. I mean, its the fact that with all these regularringlations coming in regulations coming in, it really makes businesses feel very uncertain. Theye scared. They want to comply, but at the same time they realize that the Economic Impact could lead to more layoffs, and it impacts these businesses, especially the Small Business owners that are all trying to figure this out while obama decides thathis is going to be his legacy for the remainder of the year. Neil you know, jonas, when you lo at this, what always amazes me about this stuff is, you know, you can do it, a president can do it, agencies can go ahead and submit these regulations, and theyre very hard to reverse. But ive seen it under a lot of administrations, but it really picked up the pace with this one, and theyre very hard to roll back. Yeah. Well, because he hass