Seeing a bit of a bounce as were about 85 of the way through earnings season at this point in time. A lot of questions we talked about last hour, you talked the hour before that about the overbought status of the market, how we reach peak fed. A lot of fed speak this morning. Looking ahead to cpi and ppi later this week. Ppi on friday in the wake of some of the international ppi numbers, which, of course, are negative in a lot of cases. Meantime, banks helping to lead, better than a percent. Industrials up a percent berkshire up a couple of bucks. Berkshire helping lift other insurers because they showed how much of a tailwind higher rates have been to their business. Now sitting on 150 billion worth of cash, buying 10 billion worth of treasuries every monday as we pointed out, today is monday yes see what ackman says about that. In the meantime, rbc raising e s expectations for the s p for 23 and 24 by 1 and 2 respectively she does maintain her yearend price target, concerned this yea
Interrupt. Should you have documents to be include as part of the foil they should be submitted to myself. Public comment will be taken on each item when your item come up, lineup to speak on the to your right along the kurt anxiety not provided, we invite to you fill out a comment card and leave them by the doors. If you wish to be recorded for minutes. Alternateively you may submit it in writing, e mail them to budget and finance clerk at brent dlt jalipa sfgov. Org. If you submit it via e mail tell be forwarded and also included as part of the official file. You may send comments by u. S. Postal service to city hall 1 dr. Carlton b. Goodlett place room 224, San Francisco, california 94102. Items acted upon today will appear on march 12 unless otherwise stated. Thank you. Mr. Clerk and before we call item one. Reminds everyone we have budget and legislative Analyst Reports for 46 on the agenda. For those item well have the Department Presentation first, followed by the legislative An
Good morning. Welcome to march 6, 2024 moteingly of budget and finance. Im supervisor cone chan chair. Im joined by Rafael Mandelman and melgar. Clerk is brent jalipa. I would like to thank colleena mendoza from sfgovtv for broadcasting meeting to those in attendance make sure to sill upon lebs all Electronic Device not to interrupt. Should you have documents to be include as part of the foil they should be submitted to myself. Public comment will be taken on each item when your item come up, lineup to speak on the to your right along the kurt anxiety not provided, we invite to you fill out a comment card and leave them by the doors. If you wish to be recorded for minutes. Alternateively you may submit it in writing, e mail them to budget and finance clerk at brent dlt jalipa sfgov. Org. If you submit it via e mail tell be forwarded and also included as part of the official file. You may send comments by u. S. Postal service to city hall 1 dr. Carlton b. Goodlett place room 224, San Fr
And a large part of that has been driven by growth in the manufacturing and the construction space. Some of the numbers do offer a lot of question marks because if you look at agriculture, if you look at industries, you know, our core sector data is from steel, cement, all of them have actually shrunk. Consumption, in fact, has also been weak too, almost for the nine months it grew by only 5 . And thats why there was there has been a lot of question mark, but a large bit of this has been pushed by the Government Spending in the construction space. You know, Building Infrastructure around the country and some bit of private capital and private investments also seem to be flowing in to the economy right now. And that has pushed the growth to this level right before the national elections, where Prime Minister Narendra Modi is seeking a third term in power. Narendra modi. And this is the premise, the high growth rate where india has become somewhere an alternative to china for most compan
Because i think youve provided objective fact based views on what the dangers are and the risks, and potentially even human extinction, an existential threat which i mentioned by many more than just the three of you, experts who know firsthand the potential for harm. But these fears need to be addressed. I think they can be addressed through many of the concessions that you are making to us and others as well. Ive come to the conclusion that we need some kind of regulatory, not just a reactive body. Not just a passive rules to the road maker, edicts on what guardrails should be. But actually investing proactively in research so that we develop countermeasures against the kinds of autonomous apple controlled scenarios that are a potential danger. Artificial intelligence device is in effect programed to resist any turning off. A decision by a. I. To begin Nuclear Reaction to a nonexistent attack. The white house certainly has recognized the urgency with a historic meeting of the seven Ma