Points. The Snp 500 is down 4 and the nasdaq, where we have seen some of the biggest losses, that is down over 6 at the opening bell. And this is what happened injapan. And the picture across europe. And as i was saying a lot of this negative sentiment seems to be because only 11a,000 jobs were added to the us economy injuly, that was much lower than expected, raising fears the the worlds biggest economy is slowing. And on wednesday japans Central Bank increased the cost of borrowing, with its main Interest Rate going to around 0. 25 , which is the highest in 15 years. As a result September 18th is one day many people are looking to, thats when the us Federal Resere will makes its latest Interest Rate decision and investors are wondering if they will cut the cost of borrowing enough to stimulate the economy. Katie kaminski is Chief Strategist and joins us from boston. What is going on with the markets. Is it rational or irrational . It looks very much like the market is experiencing a
L landfall in the big Bend Region this morning. We are live on the ground in florida tracking The Storm and historic flooding set to hit the north east. Israel is bracing today. Reporting live in Middle East, as President Biden will meet with national Security Team. Carley plus Vice President Kamala Harris expected to pick her Running Mate by tomorrow. Who do democrats want her to pick . You are watching Fox And Friends First on monday morning, im carley shimkus. Joey im Joey Jones in for todd piro. Janice dean is tracking The Storm, but first we go to Robert Ray in florida. Robert. Good morning, everybody watching from perry, florida from Big Bend here in florida. Hurricane debby is a hurricane now as of last night, going to almost make its way to shore west of where were at. We could get the center of that coming right over us. You are seeing out Er Bands and ebbs and flow. Over a foot will fall here and Wind Gusts up to hurricane force. In Gulf Of Mexico, Wind Gusts are 80 to 85 mil
Clerk we have a quorum. I will read the Covid19 Health Emergency and given the public health recommendations issued by the San Francisco department of public health, the governor and the mayor have listed these restrictions on teleconference. This meeting is being held virtually with all members of staff and public participating via teleconference [indiscernible] while this technology allows us to hold these meetings via teleconference, this is not as [indiscernible] as we would like to be. A reminder to the Board And Staff to mute themselves when not providing comment to minimize background noise. Chair thank you very much. Item 2. Clerk item 2, communications. Due to the covid19 emergency, the San Francisco Retirement System is closed. Members will be participating in the meeting remotely. ThiS Precaution is taken pursuant to the various local and state orders. Members will attend this meeting through Video Conference and participate in the meeting to the same extent as if they were
Edition of fast money coming your way, all about the fed effect how taper talks and Possibility Rate hikes impact everything from your grocery bills to buying a house we break it all down starting at 6 00 p. M. Eastern. And we start this hour with all of those fed headlines that sent markets soaring. The S P and Nasdaq Closing at new records, jumping more than 200 points as Jerome Powell seemed to tamp down any expectations for raetz hikes lets get to Steve Leishman in Jackson Hole this year. Fed Chair Jay Powell said out right he expects the fed would start tapering later this year if the economy continues to improve. But he left himself flexibility but not offering a Specif Month or at the beginning of the taper. He said inflation, it iS Past the test to start tapering and employment on the way to a passing grade. The outlook for the Labor Market has brightened considerably in months after faltering last winter, job gains have increased over the course of the year and now average 832
Thank you very much. Would you call Roll Call and after Roll Call read the admonishment to the group. [ Roll Call ] clerk we have a quorum. I will read the Covid19 Health Emergency and given the public health recommendations issued by the San Francisco department of public health, the governor and the mayor have listed these restrictions on teleconference. This meeting is being held virtually with all members of staff and public participating via teleconference [indiscernible] while this technology allows us to hold these meetings via teleconference, this is not as [indiscernible] as we would like to be. A reminder to the Board And Staff to mute themselves when not providing comment to minimize background noise. Chair thank you very much. Item 2. Clerk item 2, communications. Due to the covid19 emergency, the San Francisco Retirement System is closed. Members will be participating in the meeting remotely. ThiS Precaution is taken pursuant to the various local and state orders. Members