A strange twist in all this because remember originally the deal was coming down to either oracle or microsoft then walmart jumped into it and said well well partner up with microsoft will sweeten the deal and it should come to us and then it didnt go into oracle instead so now somehow walmart has jumped off of the microsoft ship and theyre now jumping into this with oracle apparently as you said here in the lead up the c. E. O. Doug mcmillan of walmart is going to get a board seat on to talk as part of this deal and walmart with own an equity stake in the company in fact what the treasury secretary Steven Nugent has said is that u. S. Companies oracle and walmart he claims will together own a combined 50 percent plus of ticket now we dont know that thats true thats just what hes saying but hes saying those to us investors which calling these guys investors is ridiculous right because it does best its almost like highway robbery or like bandits that are jumping into this forced to sell
Vice chair ahsha safai. Our clerk is miss erica major. Miss major, do you have any announcements . Clerk yes. In accordance with Governor Newsom executive order declaring a state of emergency starting the covid19 outbreak and mayor london n. Breeds proclamation declaring a local emergency issued on february 25, 2020, including the guidance for gatherings issued by the San Francisco department of Public Health center, members of t officer, aggressive directives were issued to reduce the spread of covid19. On march 17, 2020, the board of supervisors authorized their bhoord and Committee Meetings to convene remotely and will allow remote Public Comment via teleconference. Watch the sfgovtv website at www. Sfgovtv. Org to stream the live meeting or to watch meetings on demand. Members of the public are encouraged to participate remotely via detailed instructions on participating via teleconference. Members of the public may participate by phone or may submit their comments by email to eric
President caen . Here. Vice president vietor here. Commissioner moran here. Commissioner maxwell here. Commissioner paulson here. And we have a quorum. President caen good. Will you please read the announcement . During the covid19 Health Emergency and given the Public Health recommendations issued by the San Francisco department of Public Health and mayor breed, have lifted the restrictions on teleconference. This meeting is held Via Teleconference and televised by sfgovtv. For those of you watching the live stream, please be aware there is a brief time lapse between what is being viewed. On behalf of the commission, i would like to extend our thanks to tv and puc i. T. Staff for their assistance during this meeting. If you wish to make two minutes of Public Comment on an item, dial 14156550001, meeting i. D. , 146 087 5808, pound, pound. And star 3 to speak. Im going to ask the commission and staff to mute their microphones to minimize background noise if they have not already done s
Please press star 3 to be added to the Public Comment queue. You will have three minutes to provide Public Comment and six minutes if youre online with an interpreter. You will hear a bell go off when you have 30 seconds remaining. Please standby. Once again, if you have joined this meeting, we are currently on agenda item 7. Discussion of monthly staff enforcement report. You will have three minutes to provide Public Comment and six minutes if youre online with an interpreter. There are no more callers. Chair ambrose Public Comment is closed. Thank you mr. Pierce. I will call agenda item 8. Discussion of executive directors report an update of various programmatic and operational highlights of Ethics Commission. That will be executive director pelham presentation. Thank you. Thank you chair ambrose. I wont recap the budget information i highlighted here in case this is where people look for the budget updates. Theres some information there. Quick update on the Public Financing program
Coming up this saga in the fight for tick tock continues as china claims it will need to have a say in the oracle deal straight ahead we dive into the ongoing fight for the worlds hottest social media ad and another week another round of u. S. Jobless claims amid the coven 1000 pandemic later on we break down these numbers and the state of u. S. Markets with a packed show today so lets dive right in. And its a strange concept to think about but within the next 24 to 36 hours President Donald Trump will rule on whether social Media Company tick tock will be allowed to continue operating here in the United States in a move that is unprecedented President Trump will decide whether or not to allow take back to deal with oracle to move forward details of the agreement would give oracle a 20 percent ownership stake in tictac and were now learning would give walmart c. E. O. A seat on tick tocks board now the deal would mean that Chinese Company by dance will continue to own the majority stak