Stay updated with breaking news from Mufg union bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The rise in inflation we heard about this morning the Consumer Price index, cpi, up from a month before meaning grosh groceries to gasoline are more expensive, transportation to retail to restaurants, we have the impact in a moment, but, first, lets get to bob pasani and talk about the surge for stocks, bob, what happened what whang changed . Look at the vix, it was down even this morning when the markets were down prior to the open on concerns about the cpi better than expected all the people who panicked had to unwind with the option explorations telling you they are not as worried about volatility in the next 30 days as what the vix measures, a good sign traders believe theres less panic in the market. Number one number two, look at the groups moving yes, inflation is a concern, but rates move up, banks outperformed here today, outperforming again. We see Interest Rate stoc ....
Can you even imagine . Well, it was pretty dramatic back then. Back then, i was anchoring for the old Financial News network, and on that day is that ron burgundy no look who that is that is a very young paul tutor jones. Oh, my goodness. This is back when paul used to take my phone calls call me again, paul. Wed love to talk again. Anyway, he was on the floor i love that stache. Talked about what happened, what was going on, what he was thinking. Did you lose the stache after the lets see, that was in 87. I lost the stache around 88 or 89 yeah wasnt long after that. Not too late to bring it back. I think it is by the way, paul tutor jones is lauded for having kind of foreseen that drop was happening. Let me tell you, i mean, we were friends back then he was a very still is very, very smart trader. He came up out of memphis trading cotton futures. Wow and hes very savvy trader. Very, very savvy trader. I mean, no surprise that hes ....
For sara today. Syoure wearing the appropriate color. I thought i would jump right nfrmt. In. Lets see what happened yesterday. Down day for all of the indices. 10 out of 11 sectors were down. Financials down 2. 89 , within that banks down more sharply, the best part of 5 . Very sharp moves to the down side yesterday for banks in particular. There was one positive sector, utilities, it wasnt just positive it was significantly positive up 1. 4 . That was the only sector higher. Some significant profit taking across the board yesterday. There is the s p Financial Sector suffering the biggest daily decline since the brexit fallout day, down 2. 9 . Tenyear treasury note has a lot to do with this. Yields slipped significantly yesterday. Now down 2. 4 . A couple weeks ago near 2. 6 . We had seen a flattening of the yield curve over the prior two weeks, the moves this week have been across the board. Yield s now at 2. 40. We have mick ....
Here. Commissioner caen . Commissioner courtney herehere. Commissioner kwon . Here. Present vietor. Here. Commissioner kane is the budget in more recent years has actually increased from 2 million to 5 million. Expected shortlyand the kilowatts installed remained high. Over 2000 kw per year. Commissioner courtney will not be able to be here today. On the next slide you can see the total that are impacted by pg e and on the mme. Sec. Next item please. Left side you can see the item number three is approval of the minutes of payouts on this you see this august 9, 2016 all those in favor say, aye. Opposed, nay the motion passes more so in the recent years and the participation of the installers is what you see here with the installers this unanimously. Mme. Sec. Can you call item for please . Item 4 is gen. Public has been very good in the comments. Members of the beginning especially with the market share. It is happening in a general public may address the market context. California com ....
Of bonds and we will report back to the board within 30 days of issuance with a bond issuance report. And so, that is the first recommendation or recommended change. The second is a series of changes related to the disclosure. I think you will remember last spring we went through quite a bit of disclosure training with the commission as well as that staff level. We really wanted to put that in our policy that we wanted to regularly train staff and update the commission on disclosure practices. We also added that we would make public funding on the united market municipal funds disclosing organization and new Clean Renewable Energy bonds these are all essentially considered private placements. They are not public debt market issuances. We want to make sure we do appropriate disclosure for those transactions as well. And also, that we provide from a regular basis the green bond spending and that we issue a number of green bo ....