Prohibition of cell phones during the meeting. Please be advise ed this is prohibited at this meeting. Please be advised the chair may order the removal from the meeting room for any persons responsible for the use of a cell phone, pager or other similar soundproducing device. Time allotment of public devices, theres up to three minutes on each item, unless they adopt a shorter addendum. If you wish to addressright thrs and there are no reportable actions and the next order of business is item 4, matters of unfinished business, no matters of unfinished business. Item 5, matters of new business consisting of consent and regular agenda. First the consent agenda, 5a, approval of minutes from regular meeting of november 19th and december 1 17, 2019 2019. Any speakerrer cards . No. Hearing and seeing none, i will close Public Comment and turn to my fellow commissioner for comments or motions. No comments. I move approval of the minutes for november 19th and december. I second that. So moved
And President Trump reits troops in afghanistan and says the taliban is talking about is talking again. Breaking data from south korea breaking data from south korea, industrial reduction from october not good, down 1. 7 percent and seasonally adjusted month on month numbers. The estimate was for a fall of just 3 10 of 1 , certainly a negative territory fall after the 2 hit in september. The numbers were in line in what economists were expecting of a fall of 2. 5 . Looking dire when it comes to Industrial Production and marrying what was saw and mirroring what we saw in the china numbers this week. What else can the bank of korea do in a policy decision coming out and about two hours . It seems they will hold after we saw two cuts already this year, but a lot of questions on how long they can actually pause when it comes to the easing cycle. More on that later on. We will have an economist join us in the next hour to count ton the bok decision, a lot look forward to including the forec
Cigna came in with great earnings and a revised higher fullyear forecast. The stock taking a bit of a dive down 2. 5 . 5 coming up, we will hear from the ceo David Cordani after that result. Guy lets talk about what is happening in europe. The oil sector is lower because of shell. The Mining Sector is down. Chinese pmi data was super weak overnight. That is what we are focusing on, particularly the manufacturing side. Weve got this sorry surrounding what is going on with the trade narrative. The lighthizer deal, basically the chinese arent convinced. Volume is reasonably good today. We are seeing a big moving yields, as you can see. Bonds are bid, yields moving lower. We are 41 on the german tenyear. Chinese data is feeding into that story. Treasury yields moving exactly the opposite direction you would have thought if the fed is going to stand pat from here. Keep an eye on the 97 level on the dxy. Eurodollar, 1. 11. We are absolutely flat on the session. Vonnie the fed cuts for a Thir
Gold isset classes, definitely a risk being taken off the table. Gold as the month and it had its fifth month of gains this year out of six. Gold may be down a fraction at the moment but we seen quite a rise, 1. 7 up in the last three days. Yen,. Strengthening. Lurchingar index lower, the 10 year yield unmoved by the price action and the price of money as it goes down. Without further ado, lets look at this listing. Esr making its debut in hong kong after raising 1. 6 billion. Exchange to the stock were sophie is standing by with someone important from the company. Ie jeff pearlman, the chairman of esr came in. Certainly a day to celebrate. Shares popping more than 5 . Esr group from a 2016 merger to become two of asias Fastest Growing warehouse providers. That was japans redwood group. Pretty much a fast growing story toward todays ipo. Lets get more on the story of esr. Congratulations. Shares popping at the start of trading. Why after the delay in june . Thanks for having me. End up
Trumponomics. People talk about recession, whats your take to mark. I dont see a recession, i never say never because you never know whats going happen in six months or nine months but the economy is Pretty Healthy right now. If youre an American Worker looking for a job this is probably the best labor market in your or my lifetime. We have 7. 3 million unfilled jobs, thats larger than the entire population of indiana, thats how many excess jobs we have read theres million unemployed so even if we put every other unemployed american into a job, i think you configure that, that le means we got million jobs we still wouldnt be able to o fill a good situation and its allowed workers to bid up their wages because you get competition and then employers need to hire people ye, they will pay them more and you are seeing that with target, lowes and home depot and walmart and a lot of the retailers and major employers so thats a good thing. Wages are rising as they just said so the Employment S