i'm joined here this evening by a variety of members of our finance team including bob gamble and christine choi from pfm, pete are wong from back strum ma carlie and prince lynch our bond council associated with jones hall and disclosure council russ trice and one of our under writers with default and i believe that russ is going to speak to you when i am done about the commission's duties to disclose in as full and accurate away as possible. before we issue this new gap. so, staff is proposing to refinance nearly $30 million in outstanding revenue bonds. we are requesting that the commission give authority to issue these refunding bonds in an amount not to exceed $27 million but staff expects to issue 23 and a half million dollars of bonds. we estimate that this refunding will create $13 million in savings over the life of the debt with a net present value of almost $8 million and the majority dates of this debt that will remain the same. the goal is stability by creating savings that may be applied to capital projects or other strategic needs of the organization and also by reducing the

bob he wasn't. that you know. good judgment at these times is critical. the gamble seems to have paid off after 24 hours the taxi arrives in kiss a do good. but luck is against them. the pharmacy is closed the ice has melted and the vaccines urgently need to be refrigerated. but the money going to them to open up a home the problem with you know i. don't know their man got no no when you go to device you get one foot out. the pharmacist is on his way but one passenger is tired of waiting. but the think of the big will be more my me not you couldn't make him out i like him and i got on well i mean there are good and we got better than the other over there now but not by a little bit on account of. the pharmacist arrives an hour later he quickly refrigerate the vaccines relief all around ok. most villages and some towns in guinea lack the most basic services. kissa dugu and its $200000.00 inhabitants get only a few hours of electricity a week. the main hospital has an emergency unit that's reserved for pregnant women who can't. get it that miriam a nurse dashes off to

gamble, thank you very much. >>> jim stewart, the pulitzer prize winner weighs in on bob eig, disney and apple.k at the premarket, more "squawk on the stree cties in men aomt.t"onnu our 18-year-old was in an accident. when i called usaa, it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family and we plan to be with usaa for life. see how much you can save with usaa insurance. see how much you can save "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. markets. the business of trading goods and services. nasdaq operates among the largest markets in the world. and our technology powers markets from indonesia to chile. great markets are built on a foundation of trust and integrity, forged through leading edge technology and a smart regulatory framework. as te

procter & gamble and walmart both at historic highs and we've seen moves in mcdonald and rer viverizon as w. it's kind of a toxic stew, kelly, of china, consumer and now politics back to you. >> bob, thanks very much bob pisani down at the new york stock exchange >> here's what's happening at this hour. president trump meeting with british prime minister boris johnson at the united nations. trump dismissed british opposition demands that johnson resignfter the supreme court ruled he acted unlawfully in suspending parliament. johnson repeated that he disagrees with that decision. >> let me clear, we respect the judiciary in our country and respect the court. i disagree profoundly with what they had to say. we need to get on with brexit. that's the woeoverwhelming viewf the british people. >> an earthquake hit northeast pakistan today it collapsed highways and damaged dozens of homes and businesses and the fda has expended its recall of a widely used blood pressure drug. the announcement targets an additional five lots of the generic job losartan it contains trace amounts of a chemical that has been linked to cancer you are up to date that's the news update, kelly. i'll send it bac

bob, let's start with you. >> we are just near new highs at the s&p 500. not a lot of new highs in terms of new stocks. we had procter & gamble all-time highs today. consumer names have been doing well generally transports were weak today the shippers and the logistics companies have not had a good time of it, ever since fedex did their earnings announcement. that was a big disappointment a few days ago buyback story continues. remember, microsoft last week, big buyback, target, big buyback. towards the close toth, american express, $125 million buyback. remember, amex has been a huge buyback monster for the last five or six years. guys, back to you. >> bob, thanks >>> nasdaq closing lower for a second day in a row. bertha coombs has the details. >> it's for the third day in four, just edging lower. part of the reason we're not getting that big oomph from the tech sectors today you had apple and alphabet providing the upside, but they were waited down and offset by facebook and amazon. for the quarter, apple and alphabet have really been the outperformers, both with double-digit gains and when you take a look at the sectors,

gamble and walmart, as we've been noting, one of the few sectors on the upside. consumer names, those are historic highs for both of them. guys, back to you. >> bobyou very much for that the nasdaq jumpunderperforming other major averages bertha has the detail details. >> we saw declines across the board. phil lebeau talking about them concerns from investors as tesla hits its worst day since last july and netflix today also a big loser, as well that helped bring down the communications sector, while netflix hits a low for 2019, fox shares today hit an all-time low. and it was a pretty bad day for the ipos recent ipos with all of that overhanging coming from the negative head lanes on wework's postponed debut and its ceo stepping down. lyft, livongo health and smile direct all hitting new lows today. >> which ones are most linked to those issues with wework netflix, perhaps >> netflix might be, but in terms of the issues, you mean, renting out space? >> in terms of wework have its ipo pulled and the fact that its valuation was in question, clearly that hurt some of the recent ipo stocks? but any of the big-cap tech stocks, as well? >> i don't kno

bob. >> and what we've got here is a rally in cyclicals all throw the week, bertha banks, transports, retail, energy, all moving up. today, weakness, again in those consumer stocks. coke, procter & gamblegging. there's the closing bell dow jones industrial average up 33 points. >>> if you're just joining us, welcome to the "closing bell." i'm wilfred frost. >> on this friday the 13th, along with mike santoli, as markets, stocks settle here, just getting a check on where we finished the day here on wall street the dow finishing up 33 points well off the highs of the day. the s&p and the nasdaq, a different story, though. both closing lower the s&p level there at 3070. russell 2000 was the outperformer today and dow transports actually finished the day up 1% keep in mind, gains across the board for all of the averages this week. >> yeah, and the russell was the outperformer for the week, as well up a massive 4.9% leading the charge the dow has had eight straight days of gains in a row other stand out for the week was the banks and that's so tightly linked to that huge move higher we've seen in yields higher, as well, at the longer end, a steeper move. and there is the banks index for a w