Crude turning positive in the last few minutes at 58. 18. I wanted to point out one of the conundrums in the stock market today, the steel sector was downgraded at j. P. Morgan in the premarket. All of the Steel Companies were lower. This follows still companies in europe as well still companies in europe as well down lower. Right now u. S. Steel is back up about half a percent. Lots of optimism in this u. S. Market. Not so much over here. Not when it comes to the manufacturing sector. The economy grinding to a halt in the third quarter. Factories slump and it started to bleed through into the Services Sector as well. Specifically, germany is ignores downturn and most seven years. We are joined now by stephen macklowsmith, Market Strategist for the International Equity group. Good afternoon. The data are bad, stephen. Is that reflected fully and European Equity markets . At the moment, yes. You think about where the markets are, basically unchanged in 12 months. Theres been a substanti
About their role there seems to be some debate about this good morning, welcome to squawk in the street im carl cantonia. At the cnbc, they are delivering at the conference in new york city that was sec jay clayton as you saw. Moments from now, kobe bryant, the basketball legend quickly becoming an investing legend we will talk money in sports, futures in a tirade full of economic data. Of course, delivering alpha. The big story today, a number of heavy hitters at the investors summit a pretty good discussion about the nature of our Capital Markets these days yeah, i mean, look, one of the things we are all trying to figure out is in relation whats going on with the fed, whats going on with business as a force of change. Thats something that andrew is bringing up. Bring up at the Business Roundtable which is very interesting. Its a month or so already right things have Securities Exchange commissioned. Im curious to hear what mr. Claytop had to say. Thats what people buzz with me to fi
Something. The best stocks, theyre never cheap. They rarely come in. And when they do, you got to be ready to pounce. Buy, buy, buy the good news, rarely is not the same as never. Every now and then you do get meaningful pullbacks in truly high quality stocks. The bad news, when those pullbacks happen, most people tend to be too afraid, scared to do any buying. And you know what . I cant blame them case in point. The stock of costco. I think the world of costco. Im a proud costco member. Gold star. My wife lisa is an executive club member. She lords her status over me every time i shop there, im blown away by the prices im a twocart shopper the bargains are so great, one cart is not enough were like a train when we go there. We buy costcos private label products why . Because theyre usually better the place never fails to amaze my trainer jim, this week he bought a car from costco they gave him a better lease deal than anywhere else. Fish, beef, crab legs, glasses, diamond rings, shirt
Seeing none, next item is item nine. Review and approval of the minutes of the regular meeting of july 17th, 2019. Move to approve. Second. Motion and a second. Is there any Public Comment on the minutes . Okay. There is a correction to the Public Comments here. Do you want a correction to the minutes . Yes, please. These are corrections to last months Public Comment, just to ensure, for the historical record, the accuracy and the detail of the comments made about the property at 3,084,718 th street, and the severity of the Code Violations that were at that property. What is highly unusual about this property, is normally these types of projects, once inspected, the Code Enforcement or inspections, there are stop work notices issued, red tags, suspensions that have been for months, if not years. That has not occurred. I want to make sure that the details of that presentation was made and properly captured and noted in the historical record. Thank you. So there is a motion and a second
Out there, your mother is out there, your family members are out there, so just think about that when you are out there driving around and you get distracted by a phone call. That phone call can wait. What is so what is so pressing that you have to reach for your phone, which could risk the possibility of an accident, and the importance of today is really to shine a light on our need to be back here in San Francisco, to make sure that not one more tragedy happens on the streets of our city. Thank you all for getting the word out, thank you for being here, lets do better so that kids that are going to school on monday can have a great day and they can enjoy themselves and laugh, and play, and smile, and make it home safely to tell their parents about what an amazing first day of school they had. Thank you so much for being here [applause] public take this opportunity to silent your phones and other electronic devices. Public comment, during the meeting, is limited to three minutes per s