Congressional black caucus foundations annual legislative conference in washington, d. C. Good morning. We are about to get started. If you could take your seat, we would appreciate it. Thank you. Good morning, everyone, and welcome to our 2023 National Town hall. This is the kick off session to get down to business for alc. I am Nicole Austen hillary and i have the privilege and honor of serving as the president and ceo of the Congressional Black Caucus foundation. I am happy to see all of you here this morning. It tells me that our theme this year of securing our democracy, protecting our freedoms, and uplifting our culture got through to everyone. You all are here to get down to business, so thank you. This is especially compelling year for us. We know that every year, we have challenges and work to do for the black community. But this year, because of deeply threatening times that we are in, we know that despite the fact this is the oldest democracy on the planet, we have some majo
Emotional topic. Imagine some of you are feeling a sense of rage and youre looking for somebody to glaim. Others may be feeling powerless, shaken, heartbroken, that is all okay, we understand that. Like you the leaders who join me today share your grief anytime somebody is injured or killed on our streets. We all know in our hearts, and in our guts, that this is unacceptable. This is not the kind of city that we want to live in and that is why ten years ago, today, many of our visionary leaders made San Francisco the second city in america to adopt vision zero. Since i joined the sfm board of directors i was laser focus on how it will get to zero. This is my number one priority in my service to this city. I see the ability to walk, bike, drive, roll, or take transit safely without fior of harm as a basic right and freedom that everybody should expect in our city. Its why i created the vision zero subcommittee so that we can all sit around the table together, talk about opportunities, b
That is all okay, we understand that. Like you the leaders who join me today share your grief anytime somebody is injured or killed on our streets. We all know in our hearts, and in our guts, that this is unacceptable. This is not the kind of city that we want to live in and that is why ten years ago, today, many of our visionary leaders made San Francisco the second city in america to adopt vision zero. Since i joined the sfm board of directors i was laser focus on how it will get to zero. This is my number one priority in my service to this city. I see the ability to walk, bike, drive, roll, or take transit safely without fior of harm as a basic right and freedom that everybody should expect in our city. Its why i created the vision zero subcommittee so that we can all sit around the table together, talk about opportunities, but also talk about the real challenges that director tumlin and staff face every single day as theyre trying to achieve this goal. I wanted a space where commun
And the administrations plan to ease regulation. Have a look at european equities, a different color on the wonderful gmm function. Yesterday this was a sea of red. The biggest increase for europes benchmarks is stoxx 600 since april of 2017. The gauge is rising for the first day in seven. We saw a big decline yesterday of the magnitude of 2. 4 , to the love was level since the end of august. Oflowest level since the end august. Currencies falling against the dollar, bond yields declining and the german tenyear is higher. Lets get to some of the earnings, profits fell more than expected last quarter from a company that lost patent protection when its blockbuster insulin, the impact from recently made acquisitions. Billione more than 16 of deals last month and shares down 1. 5 . Rio tinto with shares up 9 10 of 1 , the number two minor. It raised dividend payments. It says it will extend a Share Buyback program, responding to a request from shareholders like blackrock. Underlying profit
We are seeing greek debt selloff on prices falling in the yield rising 2. 6 . We are at 17. 25 percentage points. Money out of italy and spain. The fear is contagion. 2. 37 . We are up 11 basis points and a bit of a selloff. Back in 2011, 7. 5 here. Contagion under wraps by the ecb. The fact quantitative easing will be there. Florida to the safe havens of the United States and german. Flowing into the safe havens of the United States and german. Yanis varoufakis, the finance minister leaves him his greek exit out of politics. We saw the euro spike ever so slightly higher. Generally down. That is where we trade. Very quickly, a look at some of the stuff we could be keeping an eye on. Some of the periphery. Down by 4 . One of the most exposed to the italian sovereign debt market. That will hurt. Bcp as well. The portuguese lender is down 5 . An eye on rollsroyce. The engine maker said that are cutting a profit guidance, fouryear might be 75 Million Pounds last. Jennifer thank you. Periph