Stories we are following at this hour. A big bomb test coming up, treasury options up, a giant test for the market yield sink on the long end and china cracks. We are going to speak to mark bristow. Welcome to Bloomberg Markets. It is said definite risk off move and there are different factors like banks and human and commodities are getting hit. It is hard to tease out the main macro narrative. Guy we are looking forward to options. We were waiting for this week to start. Hasnt it started with a bang . There are few pieces in the puzzle and we dont know where they go. The banking story is fascinating. The banking crisis this spring was kind of a warning signal and maybe we are seeing the next round of the narrative developing. The bigger banks, that are under review, it sends a clear signal that the banking crisis is not over and it is becoming clearer, the understanding of which banks will do ok. Alix what we want banks to be . Do we want them to be a utility were you keep money here
Allow inperson attendance and Public Comment while Remote Access and Public Comment via telephone. The board recognizes equitable Public Access is essential and will take Public Comment first Public Comment will be taken on each item. Those in person will be allowed to speak first, then take those waiting on the telephone line. When your item of interest comes up, those joining in person should line up to speak and those on the telephone dial star 3 to added to the queue. If on your phone, please remember to turn down your tv and listening devices you may be using. You may submit written Public Comment to the government audit oversight clerk at stephanie. Cabrera sfgov. Org. You may send written comments to our office in city hall at 1 dr. Carlton b goodlett place, room 244, San Francisco california 94102. If you submit Public Comment in writing it will be forwarded to the sfr visors and included as part of the file. Items acted upon today are expected to appear on the board of supervi
Thank you. The board of supervisors and committees are convening hybrid meeting that allow inperson attendance and Public Comment while Remote Access and Public Comment via telephone. The board recognizes equitable Public Access is essential and will take Public Comment first Public Comment will be taken on each item. Those in person will be allowed to speak first, then take those waiting on the telephone line. When your item of interest comes up, those joining in person should line up to speak and those on the telephone dial star 3 to added to the queue. If on your phone, please remember to turn down your tv and listening devices you may be using. You may submit written Public Comment to the government audit oversight clerk at stephanie. Cabrera sfgov. Org. You may send written comments to our office in city hall at 1 dr. Carlton b goodlett place, room 244, San Francisco california 94102. If you submit Public Comment in writing it will be forwarded to the sfr visors and included as pa
Guy every single sector in europe is in negative territory. The stoxx 600, which was already a key level, that is broken. Stoxx 600 now trading for 60. Every single sector is in negative territory today. The fence is doing better. Even that sector is lower. Single stocks, things are interesting. Hugo boss is interesting. Outlook maybe not quite as rosy as anticipated. There was an interesting line of working capital as well. Stock. They have more of it than anticipated, which is interesting. What does that say about consumer demand . Bae systems, it is one of the bright spots today. Take a look. The stock is up by nearly 5 for pretty obvious reasons. Think about what is happening in the world, they can about what is happening in ukraine, bae systems is going to be a beneficiary. With the body demonstration, in terms of how it is going to use the ukraine budget for taiwan. Bae systems is one of the huge suppliers into the doe. Dod. Alix i was putting out some of the losers on the s p an
Online at cspan. Org. The subcommittee hearing on Climate Change risk and Management Strategies with regulators from the Federal Reserve and the federal deposit insurance during their testimony, the witnesses discuss the role of government in setting climate goals for companies and the impact of environmental legislation and local politics. This is nearly two hours and 10 minutes. The committee will come to order. Without objection of the chairs authorized to declare a recess at any time. This hearing is entitled climate risk are financial regulators politically independent . Without objection all members will have five legislative days within which to submit extremist materials to the chair for inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Federal regulators represented here today have coordinated to promulgate principles for managing climaterelated Financial Risks. The guidance and information requested by the regulators aligned with a