Meeting will come to order. This is the july 16, 2020, special budget and finance committee. Im sandra lee fewer joined by the Committee Members walton and mandelman. Our clerk is linda wong who is assisted by brent. I would like to thank sfgov for broadcasting this meeting. Madam clerk, do we have any announcements. Yes, this the board of supervisors and Committee Room is closed however members will be participating in the meeting remotely. This precaution is due to the state, federal, and local orders. Committee members will attend the meeting through Video Conference and participate in the extent as if theyre physically present. Public comment will be available on each item on this agenda. Channel 26 and sfgov. Org are streaming the number across the screen. Committee members have an opportunity to speak during Public Comment meeting, you can call 4156550001, meeting i. D. 1463207645. Press pound twice. When connected you will hear the meeting discussion and you will be muted and li
Of the public may observe this meeting via sfgovtv. They may offer Public Comment by calling the Public Comment phone number. I want to welcome members of the public and staff. We ask for your patience during these unprecedented times. We respectfully ask the public to have patience in delays and gaps during the meeting particularly during Public Comment. Madam secretary, would you please call the roll . thank you commissioner. Please say present when i call your name. roll call and please note that executive director is present. We have a quorum. thank you. Commissioners the next item is item three, communications that wed like to provide further instructions for the Public Comment process. Callers can dial into the toll free number and wait for members to be announced. Three minutes to provide comment on each item. During each Public Comment period callers will be instructed to call 18774153612. You will hear a notification when your line is unmuted. It is best to call from a quawet
Defund Police Departments is on. Now this, hundreds of convicted criminals freed from new york prisons since march, rearrested hundreds of types. Same thing happening in states like florida, hawaii, california. Were on that story. Gianno caldwell a how the pandemic and Police Reforms turned a harsh spotlight on painfully wrong decisions made by local leaders. They are making many of the most important decisions in the country having farreaching ramifications. Why defunding the police, gianno says, is not the answer. Rnc chairwoman, Ronna Mcdanielle now the Trump Campaign is calling Cnns Brian Stelter for his personal attack on Trump Campaign Legal Advisor jenna ellis. James lankford is with us. Sits on Homeland Security on President Trump declaring during the commencement address at west point were ending era of endless wars. As afghanistan releases from its prisons thousands of taliban fighters. Hands spa covey and lee zeldin is with us. What critics say is historic spying and sabotag
Gov. Mcmaster welcome again. We have signing for us today. For an opening prayer. Henry ford said coming together is the beginning and keeping together is progress. Working together is success. Colossians tohe clothe themselves with compassion, kindness, humility, gentleness, patience and forgiveness. Over all of these virtues, love binds them all together. Let us pray. Holy father, we come together today and ask that you might help us to treat each other with that perfect love that brings perfect unity. Father god we continue to look , for your guidance and direction for our state and our nation. Open our hearts. Heal our hearts. Father, we ask that you would give our leaders discernment and wisdom, wisdom like you gave to solomon. We have reminded that you are still in control, as you have always been. Promise now father, heal us father. Eradicate this virus from the world and let us be reminded that we are all created in your image. Help us to relate to each other accordingly. Fathe
Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ