Its definite. But, and this is a big but, you know what . I think its time that we just shade things i think we should take a little off the table. Why do i say that . Its not just because when i walk around downtown manhattan, im hearing more hey, make me some money cramer catcalls than i am booyah or i love the show sho sho shout outs its all the issues that have dogged the market suddenly seem to have gone away. So im feel like we got to kind of pan gloss moment here pangloss frankly, it means that were in a position let me just say the pangloss sellers, thats not what im talking about, the great vineyard in sonoma i like that. Were not talking about delicious cabernet here. Were talking about voltaires pangloss all is for the best isnt the best of all possible worlds pangloss whenever we start getting that vibe, it makes me want to sell something, because the best of all possible worlds nevertheless first of all, lets talk about whats going on right now, right now because there are
London and various european capitals on whether or not Boris Johnsons deal will fly. The lira trading lower by around a percent today. I suspect that has to do more with Interest Rates than what is potentially happening in syria. Vonnie hsbc looking to cut 10,000 jobs, dropping its french Retail Business entirely. The interim ceo looking to potentially take the reins on a permanent basis. Banks begin reporting next week. We are with mike mayo, wells fargo managing director and head of u. S. Largecap research. Not a huge amount, but still, 10,000 jobs is very substantial. Does hsbc need to rethink its strategy and potentially become a china vanke once more . Mike i think all banks globally need to rethink their strategies. A response to slow revenue growth, what do you need to do to control the bottom line . Control expenses. One way you do that is with technology. Benefit of technology at banks is in the nontechnology space, and that comes down to headcount. Youre seeing that other ban
For each item today on the agenda if conversations can be held to a minimum, go in the hallway, thank you. Thank you. Each speaker allowed up to 3 minute when is you have 30 seconds you will hear a chime indicating your time is up. When your time is reached i will take the next person queued to speak. Well take comments fist city hall first and then the Remote Access line. For those call nothing to submit testimony call 4156550001 enter access code 2595 347 6734 at this points you should listen to the hearing live am you need to wait for the itemure interested in speaking to and for public ment to be announced. Enter star 3 to raise your hand. Im sorry if we could not interrupt the proceedings we would appreciate that. You will hear a prompt stating you praised your hand to ask a question. Wait until the host calls upon you. When you hear that you are unmuted that is your indication to begin speaking for those via web ex, you need to log in with the link on the agenda special enter pas
Airstrikes on facilities used by iranianbacked forces in Eastern Syria. S the a correct clash it is a direct clash. Two drones aim at israel launched from yemen. They landed in egypt, injuring six. Iranbacked Houthi Rebels launched those drones. Rockets launched from gaza hit tel aviv, three injured, thousands in bomb shelters. Another tank incursion into gaza. Action on all fronts. And there is movement on the political front too. Look at this, a new poll shows President Bidens Approval Rating among democrats has dropped 11 points in a month. Why in the president s support of us radioreel is popular with the israel is not popular with the left. Not hutch of a bounce for not much of a bounce for stocks, this week was a big tech slaughter e. The dow industrials might open with 157point 17 point game, but look at the nasdaq, thats a nice bounce. Not bad. The two stocks doing well this morning, both in technology, look at em go. Amazon up 6, intel up 2, whats that, 5 up for amazon and 7 u
Department. This is a continuation of a process that started 3 years ago. The state says the progress has been made, but that theyre still a long ways to go. The new effort will focus on 45 areas of improvement, including addressing patterns and practices of unconstitational conduct promoting Public Safety supporting officers and protecting the richts of the people of all a hoax. The new effort also seeks to address the use of Unreasonable Force by holding officers and supervisors responsible. It would also change how and when officers may conduct a search to ensure that those searches comply with the law, attorney general bonta says bringing the department into compliance with all 45 requirements is a big but necessary challenge. All of it is critical to ensuring the Police Department aligns with contemporary best practices and upholds the rights of all Community Members. The vallejo Police Departments interim chief said on monday that the department, which is critically understaffed,