Tumlin will talk about this, but last week we did have a press event with supervisors peskin and preston announcing that we will be delaying our fare increases. Obviously when we were voting upon that fare increase, we could not have understood the magnitude of what was before us and not to mention we didnt really have a path forward in being able to fund the operations, so i want to thank you supervisors peskin and preston for working with us to come up with solutions which i cannot tell you what they are today. But to look at how we can fill those funding gaps which primarily effect us in year two of the budget cycle, not so much in year one. That will be coming back to us in the future. And also with that we will not be having a Charter Amendment related to sfmta. Thank director tumlin for his work in working with the supervisors, and just say it was a pleasure to be there to represent the board last week at kirkland lard. And with that, i will turn it on to the next item. All right
The pharma giants ceo joins us live and a big downgrade for one of the big streaming stocks we will debate in call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this monday our Investment Committee, joe tear nova, josh brawn, steve wise brand and rob seechin. Lets begin with the markets stocks at session highs. Dow going for its close above 29,000 all this in what is a critical we can expectations are high. Positioning is pull bullish. The numbers better live up dont you think . Numbers i think will in certain instances have to meet high expectation i agree with that, scott but it seems we have rolled into 2020 and not much changed from 2019 you have been able to disburse allocations a little bit outside the u. S. Chinese equities are off to a strong start the iem both of those performing well. We are in earnings season. I think the pressure is on Financial Institutions more than any other sector i agree
Its our call of the day. Investment committee is ready to go. Halftime report starts right now. It is great to have you with us to kick off the trading week. Joe, jim, steve, jenny, and adam. Stocks scratching out small gains here edging closer to new highs despite new concerns about the health of the Global Economy. And we begin with this seemingly calm market. It seems, folks like we are in a little bit of a news vacuum. We dont have trade talks for a couple of weeks and earnings season kicking off for a couple weeks. What do we do now . You seem skeptical, melissa. Shouldnt you not trust the calm i think the better question is for how long can you trust it to me and i have been consistent with this for a while, it all teeters on china. I dont think you should expect any news which is good for the markets right now. I dont think you should expect any news for two weeks because october 1 is the 70th anniversary of the communist party in china. I wasnt invited. Look, theyre not going t
Right now. Its great to have you with us on this thursday. Our Investment Committee stocks giving up big gains the dow is up more than 185 points earlier in the session. The feds front and center. Policy makers are gathering as we speak if jacksonville Steve Liesman is there, speaking with philly fed harker his comments really impacted the markets here. Reporter yeah. I think maybe the key is this. That harker is not a hawk but his talk or his answers to my questions were somewhat hawkish. Heres what he said when i asked him, you know, where should rates be where should they go ididnt think the cut was appropriate, necessarily, but i went along to it to get back to neutral. But im on hold right now. My forecast is hold where we are for exact one of the reasons is that that i think we run the risk of creating too much leverage in the economy. Reporter that comes against the backdrop of course harker did not want to raise rates in december now hes okay with where rates are right now. And
In this country. They report earnings after the bell. Well have earnings scorecard and message for this market. Emotional testimony from a man who lost his family in a boeing 737 ethiopian crash, it continues to resonate. Boeing and their apologies wants to shift scrutiny from their singleminded quest for shortterm profit for safety. Charles is this a wakeup call for all captains of capitalism, there should be limits in pursuit of profits or should it be business as usual . I will go in depth, so much more on making money. Charles President Trump welcoming Prime Minister of the netherlands to the white house after this raucous rally in North Carolina. The president now distancing himself from the crowd chants of sender had back, referring to congresswoman ilhan omar. I was not happy with it. I disagree with it. But again, i didnt say, i didnt say that. They did. But i disagree with it. Charles joining me now, with reaction former Communications Director for harry reid, john summers, rn