In syria we will weigh the investor implications later in the show, Sam Bankmanfried tells his side of the story as the disgraced ftx ceo takes the stand. It is friday, october 27th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Happy friday lets kick off the hour with the check of the u. S. Stock futures. The dow would open up 100 points higher its early this comes after another rough session for stocks yesterday which saw the s p 500 close at the lowest level since may falling more than 1 for the week, every major index is down 1 or more led by the nasdaq eyeing three straight losing weeks red across the board the nasdaq is the hardest hit. S p down 3. 5 week to date a big part of this is microsoft and alphabet losing on the week and shedding combined 190 billion of combined market value since monitor the entire market cap of comcast, salesforce, mcdonalds or netflix. We are checking the bond market with a look at
Seeing none. A point of clarification. Secretary silva, there seems to be some confusion about from the public about what was actually approved for item 10. 4, can you confirm that the item as approved by the board at our last meeting does not add an additional annual allotment of 200,000 per year, but instead caps the annual disbursement of funds to 300,000 annually for a possible five year term of the agreement. That is correct, the amount you approved was, not to exceed amount of approximately 1. 5 1. 5 million over a three year initial term, with two options of one year each. So that would be five years potentially total. And then in the calculation of charges in the contract, costs are not to exceed 300,000 per year. Okay. Thank you for that clarification. Then, well now open item for Public Comment. Is there anyone that would like to comment on item four. And this is the approval of minutes seeing none. Do we have anybody on the phone okay. Well now close Public Comment, colleagu
Line up furthest from the door when Public Comment is called. Members of the public wishing to comment on an item outside the hearing room, you may do so by joining via webinar through the link on page two of todays agenda. To be recognized select the raise your hand icon in the webinar. You may also comment from outside the chamber by dealing 4156550001 and use meeting id of 26617566516, and again and to raise your hand to speak, press 3. The telephone log in information is also available on both pages 1 and 2 of todays agenda. Commenters may speak for up to three minutes per item and youll receive a 30 second notice when your speaking time is about to expire. In thethe event we have many commenters the chair my reduce the time to less then 3 minutes per person. You must limit your comments to the topic of the agenda item discussed and if commenters do not stay on topic the chair may interrupt and ask to limit your comments to the agenda item at hand. We ask Public Comment is made in
Supervisor connie chan, chair of the committee. Im joined by, supervisor myrna melgar and Shamann Walton and today, supervisor matt dorsey has been temporarily appointed to replace president aaron peskin, our clerk. Its brant saliba. I would like to thank jamie ivatury for from sfgovtv for broadcasting this meeting. Mr. Clerk, do you have any announcement . Thank you, madam chair. Just a friendly reminder to those in attendance to please make sure to silence all cell phones and Electronic Devices to prevent interruptions to our proceedings, should you have any documents to be included as part of the file. This should be submitted to myself. The clerk, Public Comment will be taken on each item on this agenda, when your item of interest comes up in Public Comment is called, please line up to speak on the west side of the chamber to your right, my left along those curtains and while not necessary to provide Public Comment, we do invite you to fill out a comment card and leave them on the
Light, way finding signs, picnic benches and will reinduce the messages engraved in tiles and part of the park. More later, but not today. We removed the construction fencing surrounding the park just a few weeks ago. On the morning of giant opening day and what seemed like just minutes the park was full of people, exploring this corner of the waterfront. By all accounts, they liked it. We have a great lawn overlooking the bay. We have something that the neighborhoods of north beach and south beach do not have, a beach. [laughter] there is a gathering grove, a storm water garden, food trucks, and willie mccuvy returned perched gracefully on the shoreline of the china basin channel or some refer to it mccovey cove. Joining us today is the daughter, allison. Today is about expressing our appreciation and gratitude to all who made this possible. This park did not happen overnight. We started planning for this day more then 15 years ago. It has been a long journey since our very first work