Trade deal and the market soars the dow gaining 221 points s p climbing. 86 and the nasdaq. 73 . What do we say hello . Hallelujah i dont mean to trivialize the importance of this news. It matters it does matter President Trump trump stock, trump stock. Might be able to reduce the tariffs with the chinese by 50 , or cancelling or forestalling the tariff hikes that were supposed to go into effect this week that would have affected a lot of consumers china is willing to make some major agricultural purchases while doing a better job of enforcing u. S. Intellectual Property Rights and maybe opening up their market, specifically to the services and especially the Financial Services industry. And thats a big deal. But, and this is the worlds biggest but, the days when a china deal could control the fate of the whole stock market are long gone, even as we act as if its all that matters initially the market reacted to the tariffs as they were going to cause a worldwide recession this whole de
Assuming im reading that. The portion of the cash they hold and they relay more cash that they hold and its probably not calculated. Its not the notion. This is causing confusion. Those are my questions. Any further questions. This is not an action item. Public comment. Just one question last year . The motion would be recommendation with approve of july. We made our First Investment in october. We asked you to bring it back a second time. July was the second time. It was originally presented in april. Thank you. Sorry commissioners. In the past, the only need treat Asset Classes and they are stock bonds and real estate. Go back 100 years and they have averages seven and a half to 11 for the past 100 years. What they didnt tell you when it was stock and bonds let me give you year to date on the total bonds index year to date returns, total bond index 8. 77 . Then i would like to give you the returns of the s p 500 500 for the past 10 years. 13. 78 . And 6060 and index and 6440. Year to
Items. Ill make the standard order of Public Comment and instructions when we get to Public Comment at 3 30. Do we need order to go into closed session. Public comments . Seeing none, if someone wouldnt mind closing the doors. Ill turn the flor over to mr. Coker of the eight items that were listed on the closed session item there shall only be seven. With the matrix would be number seven we need a motion to cover the attorneyclient privilege as we go into closed session is there such a motion so moved second. All those in favor say aye. Public comment. All those in favor say aye. Aye. So, im going to read the motion approved by the board in regards to gregory latman versus the retirement board. The motion that was approved reads as follows set aside the hear offices november 1st, 2019 denying the application in march 2017 denying the petition for the hearing and remand the case in retirement system staff. Remand the case of the office of administrative hearings foray signment to a hear
After an incredible session where the dow surged 223 points breaking through the key 28,000 level. While the s p gained 7. 7 . Six straight up week nasdaq raising on positive trade chatter. I think its within reach. We need to approach this with a certain amount of skepticism but theres a possibility. All that needs the to happen is that the chinese pay market prices for boat loads of pork and get an agreement that opens up their markets to our financial companies. Pork deal wouldnt even be much of a favor chinese need pork. Their pigs have been dropping like flies because of that swine flu. President trump knows chinese want and need our pork yet they keep trying to bargain with him i mean, come on. At this point, i dont think they are that far apart, at least not according to larry kudlow if china doesnt give in and order some bacon it could be curtains the if negotiations fail that ushers in the next rounds of tariff hikes which would, of course, go into effect in december and might
Attacks on some saudi run oil facilities. President trump has been delivered a blow in attempts to keep his financial records private. A federal Appeals Court has upheld a subpoena to provide congress with his financial records. This means President Trump will lose control of his long private tax and business papers unless the court reconsiders the position or the u. S. Supreme court blocks it. The brexit negotiations have taken a step forward, with talks set to begin for the First Time Since Boris Johnson became british prime minister. The pound and u. K. Banking stocks surged. Mild breakthrough in talks with the irish leader on thursday, paving the way for detailed negotiations to start the start in brussels. Worknow have a week of ahead of them, examining drab legal texts as they tried to work out a deal ahead of the summit in brussels next week. Global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im