Companies in the sector over the next year, rerun the analysis next year and present more analysis and set of recommendations. I will pause and pass it over to luke now to discuss similar analysis we have done in the Utilities Sector and what we have done here is conducted a similar analysis to identify companies to engage within the Utilities Sector over the next year. This is a separate memo attached to the same item. The way the pages are numbered it is broken up. We tend to say boards recommendation. On which page is the item. I see several items. We can make up the motion but i want to make sure we are on the same starting point. Page 36 has the summary of recommended actions. This is three parts. It references tables on the other pages that contain the list of companies. This is the company name. Okay. It is all the same starting point. We dont have to adopt 36. Lets work off that point. Board questions . Just a comment that on the cover page there is three recommended motions. P
Sanctions. Arizona was statute and it is being changed. The situation in the sudan has moved aware from the circumstances that caused the restrictions to be adopted in the first place. I would urge you to not additional to the list. You probably should eliminate did list. Andrew is wise to say you should be assured the situation is better and not accept the lack of sanctions as an indication. Others have taken that that the situation that warranted the restriction in the first place no longer existed. Why do you feel this cautious approach is better and what gives you comfort in the manner you are suggesting it . It benefits from a conservative approach to see if stability lasts in the country. There are situations throughout the history of sudan and this is pointed out elsewhere where things seem to move in a positive direction in terms of a stable democratic government and they revert. The recommendation here would be to monitor the situation to see if the transition to a civilian go
Situation that warranted the restriction in the first place no longer existed. Why do you feel this cautious approach is better and what gives you comfort in the manner you are suggesting it . It benefits from a conservative approach to see if stability lasts in the country. There are situations throughout the history of sudan and this is pointed out elsewhere where things seem to move in a positive direction in terms of a stable democratic government and they revert. The recommendation here would be to monitor the situation to see if the transition to a civilian government takes place, and, last, rather than remember removing restriction now have the situation deteriorate, sanctions be reintroduced and us in a position where we reimplement the full set of restrictions. That was the thought. What would you recommend to the board to clarify the second part of the motion or the second issue, the staff recommendation of the two companies . My clarification would be you suspend your curren
Lets quickly check on your did. We see somey where distortions are some of the key data points we need to watch out for. Risk assets seems to be taking a breather amid the further signs that chinas economy is cooling. Base metals seem to be dragging down a lot of the mining stocks. Bp and the stoxx 600 basic resources down 1. 3 . Major currencies drifting before the Rate Decision. The inflation data which is why want to show you the pound 1. 32106. And eurodollar. We will talk plenty more currencies throughout the hour, the lets get to first word news. North korea has been to use a Nuclear Weapon against japan. Agency quotednews that japans archipelago should be sunken into the sea. The japanese said that the threat was an abominable provocation. , some has blood chinese backed investors from buying a semi conductor. The fourth time in a quarter of a century that the u. S. President has stopped a foreign takeover of a firm. China says it is concerned by the move and that the u. S. Shou
U. S. Trading session. Post fomc trading session. We are seeing red and declines which we have not seen for some time. The nasdaq is down more than 0. 5 . After the fomc decision yesterday, it was hawkish in tone and the fed indicated it the balanceing off sheet in october and december is likely for a rate hike, we did not see much of stocks. We saw a record highs but now we are seeing declines. Two weeks ago called for new record highs despite the fact that there were declines about time says this is healthy consolidation. Its can tell its consolidation of the record highs. We have a great chart that shows a money record closing highs we have seen this year. Dow, 42, s p 500, 37 and the nasdaq 49. Consideringeme are there is still more than three months of trading action left for the rest of the year. The s p 500 and the nasdaq are on pace for their best year since 2013. The nasdaq is up about 20 this year which is extraordinary. Where we saw the fed have an immediate impact. This is