South korea were closed for whats the mid autumn festival there. And the european equities, things are up. Cac is flat and if ftse is up by 0. 2 . This morning crude is up by 24 cents still trading at 24. 81. Lets get you caught up on the busiest day of the week. The bank of engallant is going to be announcing its latest policy decision. Expects to leave rate. Jobless claims are out at 8 30 time. The Producer Price index and september philly fed index and at 9 15 look for august Industrial Production. We talk about the apple iphone a lot. Apple now saying the initial quantities of its iphone 7 plus are sold out. Thats the one i want. The new gadgets will hit store shelves sometime tomorrow. Consumers wont be able to buy sold out phones but the company will continue to take orders online. I wont be releasing its first Sales Numbers of the iphone 7. Why . I think they made that decision a while ago. It reminds me of the details. In fairness to apple, nobody else does. Samsung doesnt. The
All right, welcome back. Sorry about those technical difficulties. Now. Ve recovered cant say the same about the markets, a downbeat monday for investors. Juliette thats right. We are seeing selling across the board today. We are waiting for a key speech from a female fed member. It is not janet yellen. It is one of the voting members. She is normally quite dovish. If she signals a hawkish tone upe her fed peers have come with that likelihood of a september rate hike back on the table. The moment, 30 chance of a september rate hike. 60 in december. Cba saying the u. S. Economy is not Strong Enough to withstand to rate hikes this year. That nervousness and what we saw on wall street friday playing into markets here. We had huge volatility in the u. S. Session on friday. The firsts 15 for time in 44 training sessions. A lot of volatility in asia, hang seng off by 2 , only two stocks in the black. Off toi also being sold the tune of 1. 6 today. We are seeing selling coming through in all
Commissioner meiberger commissioner paskinjordan commissioner stansbury will not be present we have quorum thank you very much ladies and gentlemen, the first one on the genocide a closed session for item 3 mr. Clerk, call item 3 for me and action item closed session. Any Public Comment . Were going to take Public Comment now before closed session no, no Public Comment okay. Thats because we started on time and our Public Comment didnt get the memo okay. Thats the secret everyone were going to go into closed session. Okay weve come out of closed session he united a vote or need to take a motion not to disclose what weve talked about in closed session so moved well take that without objection. Lets the house rehabilitate that commissioner paskinjordan is not here well take that without objection. The motion passed unanimously thank you, everyone at this time, id like to do something to accommodate the number of folks that are here the pob welcomed id like to have director huhuh irration
Regularly retirement meeting thank you for all attending and the staff none sunshine said thank you. I wanted to say thank you on behalf of the board for all our work sometimes that is a thank less job mr. Clerk if we could please roll call commissioner cohen commissioner meiberger commissioner bridges is on her way droilg brisbane commissioner driscoll commissioner paskinjordan pr commissioner stansbury is quorum is presented. Thank you very much please call the next item thank you ladies and gentlemen, Public Comment is open at this time. Thank you, president im Patrick Bradshaw regarding the potential investment in the loan pool it was good warning the retirements system is asked to purchase. 26. Million no others secondary market willing to purchase it unfortunately, this simultaneously suggests the retirement system maybe under the quote greater pool theory an investment pool investment using the assumption theyll be able to phil fill it later to and then greater pool this is pack