all right, so the next item is to suspend the stablization fund policy. took those ought of order because of the prior motion. yes? >> yes. >> has that been seconded? >> no, i'm looking to the secretary to state the motion. >> there wasn't a motion. >> there wasn't a motion. >> no, there wasn't a motion. >> commissioner sass made a motion. >> made a motion to use one-half. >> that's correct. >> have we passed a motion to suspend the policy? >> no, that has not happened. >> so are we going to do that? >> i move that we suspend the policy. >> second. >> thank you, we now have a motion and a second to suspend the stablization fund policy. is there any question by members of the board on that motion? is there any public comment? seeing no public comment, we are now ready to vote. all those in favor, aye. those opposed? motion passes unanimously. all right, sorry, secretary. we are now to action item 8. >> item ate, action item, presentation of uhc city plan self-insured rates and premium contributions for actives and early retirees and preliminary medicare re

oil prices, they've stablized. they thought they were going to down huge but they managed to stabilize. u.s. economic data has generally gotten better, it's up for debate right now but some people say if the u.s. economic situation isn't going gang busters but it's still going good enough is that enough to help power the markets. all of that is being assessed throughout the summer months and into the u.s. elections this fall. >>> we'll talk more about the markets. mr. mcconnell. welcome. the risks haven't gone away necessarily. maybe our perception of them has changed just a little bit. i don't want to make too much out of two days of triple digit gains but does this feel like a sustainable change in momentum to you or not? >> i think we've covered the positive aspects of what has come out from an economic data standpoint and some reduced political risks. the thing i would add that's new is investment sentiment was awful heading into this week so individual investment sentiment is bearish so that's the additional p

now you have the stablization in the market. everybody asks, the market is so volatile. how could you trade this market? like a casino. then all after sudden it stabilizes and no one says anything. >> you're talking about the stable ayesation but does it worry you at least recently when we saw the rebounding in china especially with the economic indicators a lot of that was based on the fact that they had to go back to the growth drivers such as infrastructure, lending, construction and so on? >> right. it's concerning in the sense that you can't just kill off a whole industry. right? the thing is this's two chinese, the old smoke stack export, you know, cheap labor which doesn't exist anymore and this new i.t. tech service. so you can't just kill the other industry off. i think they saw an opportunity to actually, you know, in the process of winding it down or changing it to still extract some value. >> so you thought it was managed. >> i think you're going to have these bumps in the road and the real driving force for me being positive is i think they're the only count

minutes to its april meeting are he leased today they said some conditions had been met including a stablized dollar and diminished global risks. many members expected other conditions to be in place. that meant further evidence the economy would rebound in the in the first. from the weak if the conditions were met it would be appropriate for the committee to increase the target range for the federal funds rate in june. not all were convinced. several members were concerned about risks for a persistent slow down and weak inflation and weak overseas growth including the exit of britain from the european union but the minutes indicated the feds discussed an april hike and some supported the idea. the fed decided to keep the options open for a june hike. some worried the market was prepared for a june rate rise. there's going to be attention paid to speeches by the fed chair and the president. they're seen as leaders and their comments would go a long way to convincing markets the fed could move as soon as next month. >>> a choppy day of trading on wall street as traders are bracing for rate hik

as you get the sunny breaks that de-stablizes the atmosphere. you get those popcorn-looking clouds. most of this afternoon lots of clouds. in fact, we rolled this time- lapse to show you the clouds moving into the region. all those clouds moving steadily from the south to the north. so an interesting time-lapse looking out towards -- out across walnut creek, with those clouds moving rapidly. so not too much to report here. maybe some more showers and thunderstorms for tomorrow. but bill we came up here looking for the storms. take a look at what we found. hundreds of goats. they're actually clearing brush, just to give you an idea that fire season is right around the corner. this is zephyr. he works with goats are us. you guys are very busy. >> booked all the way through june. >> reporter: not only here in the bay area but across the state? >> correct. >> reporter: how many goats are working? >> 430. >> reporter: as dpar as the rain, we've been talking about this. you've noticed a push in the brush for all these goats to get filled. >> there's a lot more feed this year than previous

. >> i see gas prices being stablized currently do to it's an election year. >> because of rue kneable energy, people using electric cars. >> i don't know. obama. >> so because of crude and gas prices are now very volatile and because of those wildfires in canada, you have unrest in nigeria, as well as venezuela, and of course, also have -- crude, because of those reasons and unrest in libya as well, crude prices cracked $50 a barrel last week, and that is up from, what, $26 in february. although that is half the $100 it was two years ago. the good news is experts expect that we will not be seeing $4 gasoline anytime soon. back to you. >> thank you so much. the -- people in los angeles complain about the traffic but i think it's worse on the east coast. >> a lot of us are not going anywhere this weekend because traffic is terrible. >> it's because we love our families. thank you. >>> according to a new survey more americans planning to skip out on air travel because of the security headaches. add that to those low gasoline prices prices and depaul university cease a big headache for ai

continent of opportunities and we have a diverse set of partners that are interested in stability and stablization. they can be the drivers that help us fuel and fund these economic opportunities that we're talking about for young people for actually making the case of host governments of why inclusion policies are important, to make sure they're working with us to be sure that the international norms are seen as something that's an imposition from a western government but something that's a standard to which everybody should aspire to. so i think we have a lot of opportunities here through partnering with governments and the private sector and local communities, making sure we are touching with people on the ground. >> i agree with you. the senator raised the mcc. i was pleased that because of electoral irregularities and failure to address corruption suffered a really unwelcome setback for them and this week the world economic forum is in kadaly and the administration is sending an embassor. if you would. might i have the time to conclude? thank you. >>

it from an oil market perspective back in 2014, there is really nothing they could have done to stablize markets at that time. and therefore they're using the market to basically get rid of the higher cost oil in the system. and then, you know, look for being able to keep market share perspective going forward. it's been fairly successful thus far. we were oversupplied by about 2 million barrels a day a year and a half ago. things are starting to come into balance. the question going forward for any major oil producing economy is how in charge of their oil economy will they be. what kind of-- what can they do to ratchet up or down production. and for them it's really a question of how depend ent they are on that revenue. >> sreenivasan: sarah ladislaw, simon henderson, thanks so much. >> thank you. >> woodruff: the nation of bosnia herzegovena remains bitterly divided more than 20 years after a vicious civil war. tens of thousands died, and millions were made refugees. bosnian serbs were largely responsible for driving muslim families from their homes during the early stages of the war,

monetary rule here would encourage others to make a similar commitment, thereby stablizing exchange rates and reducing economic uncertainty. thank you. >> thank you very much, allan. [applause] alex, we've blown through our time constraints. if you could quickly -- >> i won't blow through my time constraints, mr. chairman. in this book we're discussing peter produced a highly informative, wide-ranging but also very specific and detailed work of history and analysis. covering the remarkable institutional evolution, including intellectual evolution or the shifting of ideas for a complex structure known as the federal reserve in a very complex environment. among the provocative effects of this book on me, i keep wondering new ideas and theories the fed will be trying out on us 10 years from now? let's address as peter did and allan also, power. the fed comes along way as peter describes it as obscure back water government agency. that is hard to imagine now. peter told the wonderful story how the fed wanted to sit in a more prominent place in state event and wilson said they could come in af

should we do anything to stablize them? >> i don't think we can. don't think they would accept it. and i don't think they have the mechanisms to accept, they don't have infrastructure that would enable them to accept the type of aid that they need. neil: what did you think of the deal? that was something again, commonwealth not nearly the crisis that civil war type environment. >> commonwealth what? neil: puerto rico. >> what deal? neil: puerto rico, restructuring its debt? >> that is, that is domestic political issue. i mean obviously. we have seen issue of unfunded pension funds obviously of puerto rico and many states in the united states and vast countries around the world. this is fundamentally what the issue is. we used to be in state where those things did not happen. those things were relatively stable. neil: yeah. >> we have a huge number of problems which everybody is aware. even china is running into trouble. india is not doing as well. it has a -- problem. we are relatively speaking in the united states doing better than most. not as th

you have seen as consumers deleverage, it has stablized more than they had before.hen we look at oil stock and raised consumer spending. the net of two of those is still a small positive for the economy. i think when you look at consumers, part of it is having been through a very traumatic economic experience that is only eight years past us. you look at the great depression and impact that had on the way people thought about saving or the way people thought about inflation, you know in other places, hyper inflation at the time. those effects can last for decades and affect the way you think. i think there may be some of that. wage growth only recently picked up. consumers want confidence that wage growth will continue and oil prices stay low as opposed to being transitory, that don't want to fully adjust your consumption to. if you see nominal wage growth rising, becomes clear this is more durable, then i think you would continue to see strong wage growth, strong consumption growth. again it is 3%. which is not, which is pretty good for consumer spending. >> evans

in iraq, we're working closely on the stablization efrfort that's going to be needed as each of thesecities is liberated. >> if i can take you back to the middle east. in terms of lessons learned. what have we learned from the libya campaign of 2011? i'm thinking in relation to the impact on neighboring states, if you would, secretary of state. i'm aware that in syria, there's been huge stabalization in turkey, saudi arabia, kuwait and in libya, aljeeria, and tunisia and egypt, so, what are we doing when we make our decisions to make sure we're not deflecting the conflict and the impact into neighboring states? where currently there may not have been any problems. >> well, i think there have been issues in many of these states in north africa in particular. and i'm not sure that necessarily military intervention in one state has increased instability in another. but i think you're absolutely right to say each time what are the lessons that we learned? and i think the principal lesson i would draw from the libyan campaign, which applies today to iraq and syria, is that military progres

egypt is fighting isis and al qaeda, trying to stablize libya. destabilization of egypt is very serious for the fight against terrorism, for the peace process with israelis, for backing of our allies and friends in the gulf. remember, saudis, u.a.e., everybody in that region are backed by egypt. trying to destablize egypt are doing much bigger dimension than exists. stuart: walid phares, thanks very much for talking with us this morning. thank you. >> thank you. stuart: let's get to the election. donald trump tops hillary clinton in hypothetical head-to-head match up, according to a new national "fox news poll." look at numbers. trump 45, hillary, 42. that is within the margin of error but statistical tie. trump has come a long way and he is moving up. next poll, record 61% have a negative view of hillary, up from 58% in march. 56% have an unfavorable view of trump but that is down from 65% two months ago. hillary's negatives, getting worse. trump's actually improving. and record 66% say hillary is not honest, not trustworthy. trump does better o