From germany and we are now getting gdp from the italian economy, growing 0. 3 in the First Quarter. The vague question is whether a lot of this growth comes from the ecb and a lower euro or whether it comes from Sustainable Growth thanks to reforms put in place for example by the italian government. Gdp growthent, that pretty much in line. This is your market, or these are your markets this morning. Stocks in europe dropping a touch because we had quite a lot of earnings that disappointed. We also had subdued Economic Data. Gdp in germany was a little better than expected. Haven assets including japanese yen, gold, also in fencing. Also advancing. The Australian Dollar slid to a twomonth low. Were also just kidding, i believe, breaking news from china. Aggregate financing number, 751 million. Lets get straight to the bloomberg first word news with nejra cehic. Nejra germanys economy grew at its fastest pace in two years. Gdp rose just north of 2 in the month ended march 31. That being
Lets head to the markets desk. My we are holding on to gains in the last couple hours of trading, still solidly in the green. The dow is up when 4 . 1 . The dow is up. 4 . There is a broadbased rally we are talking about here today. Seven of the 10 sectors are in the green. Telecommunications and Consumer Staples flatlining here. Information technology has been the biggest leader all day, up 1. 1 . Consumer staples have always been the laggard. Lets see what is moving in terms of information technology. What we are looking at in terms of the biggest percentage gainers. This company is the company that makes the stuff that makes memory chips. Jumped torter orders 3. 5 billion. Micron is also surging by nearly 6 here. Western digital up by nearly 4 as well. Lets also think you look at whats happening with Consumer Staples take a look at whats happening with Consumer Staples. Sales down six quarters in a row. A weaker caret caron hurt by a weaker rot season. They make v8 juice. Church dwi
Were worrying about commodities. They both disappointed with huge losses. Tom correlated fragilitys across all markets. Nothing dramatic other than the china news. You follow on 48 hours or so. It is heads up. We have a great set of guests to drive the market discussion. Francine you are right. Lets get bloombergs first word news with caroline hyde. Caroline austria is not waiting for the European Union to come up with a response to the refugee crisis. Wayshave agreed on several to cut off the flow of refugees. Y would essentially limit bar people from countries economist are warning the u. K. Should not need the European Union. Those responding to a bluebook survey says leaving the eu would triple the chance of the u. K. Falling into recession. Those campaigning for britain to stay said it would jeopardize investment, jobs and growth. The u. S. And china has agreed on new human sections to punish north korea for that recent rocket launch. Secretary of state john kerry and his chinese
Everyone. Welcome to the San Francisco budget and finance Committee Meeting for april 27, 2016. Supervisor mark farrell i will be chairing this meeting. Im joined by supervisor katie tang. And supervisor norman yee . Madam clerk, any announcements . Yes. Please silence all cell phones and any speaker cards should be submitted to the clerk. Items acted on today will be listed on the agenda unless otherwise stated. Supervisor mark farrell madam clerk. Well skip item 1 until we hear from the board of supervisors office. Lets go to item two. 2. Clerk [hearing budget update Human Services agency fys 20162017 and 20172018] sponsor farrell hearing to receive a budget update from the Human Services agency for fys clerk [hearing budget update Human Services agency fys 20162017 and 20172018] sponsor farrell hearing to receive a budget update from the Human Services agency for fys 20162017 clerk [hearing budget update Human Services agency fys 20162017 and 20172018] sponsor farrell hearing to rec
To call the meeting of the Public Utility Commission for San Francisco to order. Mdm. Sec. , can you please call roll. [roll call] the next order of business is the approval of the meeting of march 22, 2016. I move. Seconded. All those in favor say, aye. Opposed, nay. The Meeting Minutes are approved. The next order of business is Public Comment. Members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. Camp may 3 is opening on may 29 we urge you to come and rest and have a good time and do not worry about anything. Bring all of your relatives and friends and is just a time to get away. Just do not forget. Camp mather starts on the 29th and and in august and we have a volunteer leader they are so make sure to say hello to them. And it is a time to get away and to rest and relax. Good wishes for the days ahead. We hope that water continues to be there on our agenda and we hope that you are there to help us in a