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We will start by going to closed session. The normal rules for Public Comment will apply to this why dont we call the meeting back to order. We are coming out of closed session and returning to open session. Is there a motion not to disclose . So move. Second. Motion by commissioner driscoll and seconded by commissioner safai. Any members of the public to address the Commission Regarding this item . Seeing none we will close Public Comment. We will take this without objection. Second. Five action item approval of president s committee assignments. Item four. Public comment. General Public Comment. Any members of the public that would like to address the commission . Seeing none we will close general Public Co ....
Soaring rates. Where housing is headed in the second half. Power lunch starts now well stocks are in the red this hour, but they are well off session lows now down just 47 points on the dow. It was down more than 230 earlier. Still it is on track to break its fourday winning streak. The s p 500 on pace to break its fiveday streak. Treasury yields up strongly. And kelly thats right. Stocks are staging a comeback. Around the best lels of the day this afternoon seema is tracking the action hey, kelly. Stocks leading the dow include Goldman Sachs, boeing and nike a chipmakers are rebounding around 10 40 a. M thats when the s p 500 bottomed out. So tech is playing a role in this turn around as well big losers include rate sensitive group, utilities and real estate. Even a number of consumer staple names. Theyre down about 1 on the day. Trader caution though its important to smooth out the data and look at the broader trend. Taking into ....
200 points after the jobs report ended the day down just 40 points. Meantime the yield on the tenyear yield jump back above 2 President Trump blasting the fed when speaking to reporters earlier today. Were paying a lot of interest and it is unnecessary, but we dont have a fed that knows what theyre doing so it is one of those little things. But if we had a fed that would lower rates, you would have a rocket ship. So what is the market saying now about what it expects for a potential rate cut this month . Didnt bullard and powell dress down the window for a rate cut last week, or at least going from 50 to 25 basis points i think powell should dress down the window i dont think he should cut. At all . The market thinks he should cut but you have a limited amount of ammo so why not string it out longer wasnt the argument that the fed moved too far . One cut too far. And it was more of an ee quill quill equilibrium cut the question i ....
We will start by going to closed session. The normal rules for Public Comment will apply to this why dont we call the meeting back to order. We are coming out of closed session and returning to open session. Is there a motion not to disclose . So move. Second. Motion by commissioner driscoll and seconded by commissioner safai. Any members of the public to address the Commission Regarding this item . Seeing none we will close Public Comment. We will take this without objection. Second. Five action item approval of president s committee assignments. Item four. Public comment. General Public Comment. Any members of the public that would like to address the commission . Seeing none we will close general Public Co ....
We will start by going to closed session. The normal rules for Public Comment will apply to this why dont we call the meeting back to order. We are coming out of closed session and returning to open session. Is there a motion not to disclose . So move. Second. Motion by commissioner driscoll and seconded by commissioner safai. Any members of the public to address the Commission Regarding this item . Seeing none we will close Public Comment. We will take this without objection. Second. Five action item approval of president s committee assignments. Item four. Public comment. General Public Comment. Any members of the public that would like to address the commission . Seeing none we will close general Public Co ....