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Welcome to squawk alley. Were at post 9. Jon fortt has the morning off. Were watching the markets after yesterdays selloff. Average. Announcer pressure following the second worst day of the year for the dow and s p 500. Nasdaq coming off the third worst day of the year and on track for the first four week loss since 2016. Bob pisani watching all of that on the floor bob . The question is are the markets in trouble here . The answer is not yet. But there is some cracks developing so weve seen something in the last two weeks we havent seen in a long time a selloff last week and another one this week. Thats starting to do some technical damage several elements have really come together. So first, theres leadership doubts about President Donald Trump emerging and the ability to get tax cuts through. Traders have been alarmed by the dramatic decline of the small cap rustle 2000. Its down 7 from the historic high about a month a ....
Youre spending half a Million Dollars half a Million Dollars is a lot when youre running for president you spend billion dollars it is a Small Campaign with hundreds of dollars of dollars on local television so see that amount of activities and that level of an expenditure within a campaign that probably is somewhere in the mid hundreds of thousand dollars it is for me a little bit hard to believe that r a reasonable person wouldnt know about this activity because that amount of money paid for a lot of things it is not a significant immaterial amount of money in relationship to the money spent on the campaign with the xhuchdz. Everyone told the f b b credit that everyone involved in the campaign had 90 no idea i think corresponding all medical cannabis mail pieces thats when we learned about and the committee is requir ....
In the electrical process if becoming corrupt thats policing campaign attractions if we go ahead and just wave this away were essentially saying San Francisco is saying well, it doesnt matter we have a committee that is channeling this Illegal Campaign money to supervisor farrell well, we may have not known even though he didnt he is still responsible under the law if we dont have that well have this evil man washington his hands in order for this section to have validity. Any other questions for mr. Sutton. Thank you, mr. Chair do you happen to know how much was spent overhead on the campaign the mark farrell campaign. I apologize. I dont it might be 2, 3, 4 some of the documents i dont know if you know. And i ask because to me. Several hundred thousands of dollars. It brings some of the when youre spending half a Million ....
Report it is observe the committee accepted a contribution that means its over the limit of a corporation so the committee files a report which happens all the time why our contribution from abc corporation the committee admitted it accepted and it happens all the time the committee discloses receiving money from sue commissioner president dwight smith and received another money added together over 500 contribution limit as mr. Sincroy said no investigation is note in order to reach the conclusion that the committee should forfeit the money and objective weve asked the commission for the forfeiture matters there are one hundred about dont quote me in every single one a corporate contribution that was over the limited that was missing information and Important Information there was absolutely in question from the face to face of report that the committee accepted a contribution and thats why the city asked to forfeit the mon ....
Sutton. Thank you, mr. Chair do you happen to know how much was spent overhead on the campaign the mark farrell campaign. I apologize. I dont it might be 2, 3, 4 some of the documents i dont know if you know. And i ask because to me. Several hundred thousands of dollars. It brings some of the when youre spending half a Million Dollars half a Million Dollars is a lot when youre running for president you spend billion dollars it is a Small Campaign with hundreds of dollars of dollars on local television so see that amount of activities and that level of an expenditure within a campaign that probably is somewhere in the mid hundreds of thousand dollars it is for me a little bit hard to believe that r a reasonable person wouldnt know about this activity because that amount of money paid for a lot of things it is not a sign ....