The outcry greater than ever. Joe vazquez at one of the encampments. What are you seeing out there now . That deadline has come and gone. We havent seen any city personnel. For that matter, weve not seen a lot of homeless people. You could see some tents here. There are about a dozen here in the area of san bruno and alameda but as we pan the camera around, you see a lot of sidewalk. Were told a few days ago it was wall to wall tents all the way down to division street. The Public Health department ordered people to vacate the area, saying this was a public nuisance because of all the human waste and hypodermic needles. That appeared to create a sweep, and thats why some activists decided to spend the night in tents late last week including edward linda whos running for supervisor. The fact they may consider a threat doesnt mean it solves anything. It just means that people who were sleeping on the streets moved. We checked out the other tent city in division of van ness. They had a de
To raise rates it could increase in inflation. He doesnt conclude that would happen but we need to think about that. He repeats kind of the normal argue amount for raising rates and says f1 policy remains extreme and inflation is close to target. Not strictly endorsing but saying thats the normal argument for why rates should be normalized. Former Federal Reserve chairman ben bernanke out with a blog about negative Interest Rates and says the fed is not out of ammunition but there are signs Monetary Policy is reaching its limits. They include lowering rates but not much to do there. A quarter point. Forward guidance could be powerful. More quantityive easing and negative Interest Rates. What does he say sna that evidence from europe suggests they might be more powerful than had previously been thought and argues anxiety over negative rates could be overdone. Banks could still earn a profit by charging a higher rate than they pay. Bernanke also says negative rates have modest benefits a
He says he will leave by 2017. Why should he go now. First of all were very happy well talk about the facts in a second and i want to reassure investors that the family is a big fan of conservative land investment. We want to be disciplined and we dont want to go back to the big land buying days. Theres been sames made about how we want to change a big directionment we just juan a new leader so let me just say that about the conservative smart growth that our family wants and reensure investors that we want that. But let me tell you scott. Richard has been a family friend of the family. We didnt bother him for the last several years but from 2004 to 2015 on acumulative basis the pretax earnings of the business have been a loss of over 400 million and thats very concerning for us. Additionally over the last two years the stock prices stayed stagnant and its time to go and were very hopeful that he goes before next year. The board says your campaign is, quote, misguided and not in the in
One of the key issues this election season. Weve got a debate on whether strong jobs data has been you 00 hiding economic weaknesses. After the bell, a read with American Express, united continental, qualcomm and more. Just to name a few. We begin with oil hitting a 26year high as the president meets in saudi arabia. Just under 43 a barrel today. Significant. Its not as low as we were earlier in the year. 26. Its still not at the 60, 70, 80 that people are talking about. Oil prices are still low. Theyre going to stay lower for a while. And that is causing problems for saudi arabia. And the problems, the kingdom had to slash its budget. We know that. Its also coping with a shrinking gdp. It quietly sold some bonds for cash this year. And downgrading the sovereign and downgrading seven of its banks. While theres also been a struggle to keep cash reserves at a certain level so the Saudi Arabians can keep their currency to a dollar. The ipo looks like its going to have a speedier time line
Market cap added and it is now bigger than j j and creeping up on anal . Well, it is, and the problem that it has has and the problem i have, is that i have voting shares for a whole host of compliance reasons, but what keeps it out of peoples portfolio is that fact alone. Well, doc, is it going to be in everybodys portfolio . I think it should well, where apple was, facebook is there now. Well, im a trader and not investor. And for the Wealth Management clients, knock on the wood that we were loaded up on the facebook, and call spreads and naked stock, and it worked out well, and pete made a great call yesterday on the show about it. As far as me and a trade, once it gets up to the level of 1119, i think that you let it rest a little bit and it does not mean that it is not going to go to 125 and work higher from there, but i think that after this serious afterhours pop which has held now so far today, but basically not extended past, i think that you would get a couple of days or the