Good morning. This is the wednesday i novembee budget and finance committee. I am chair sandraly fewer. I am joined by the clerk ms. Linda wonk. I would like to thank sfgovtv for broadcasting this. Please silence your cell fens. Phones. Cell phones. Items today will be on the november 19th agenda. Thank you. Can you please call item 1. Resolution approving the First Amendment between the city and sunset scavenger company, golden gate disposal and recycling company doing business as recology San Francisco, increasing the total amount from 40 million to 48 million with no change to the term that expired on november 30, 2020. You might remember we continued this item from last weeks agenda. Can you please remind me. Did we have a bla report at that time . We did not. Thank you very much. We are back, i believe you gave a presentation last week so right now could we hear from the bla, please. Good morning, budget analyst office. The board of supervisors is being asked to amend the existing
Information for the public. Number two is teleconference information. There is none tonight. Section b, openended items. Number one, approving of the board minute approval of the board minutes of aoctober 22, 2019. May i have a motion and a second. So moved. Second. Thank you. May i have a roll call please, miss casco. Clerk yes. [roll call] clerk five ayes. Thank you. Speaker cards for the regular agenda and for closed session are necessary. If y are necessary if you wish to address the board of education. Individuals are reminded that they can complete a speaker card prior to the item being called by miss casco. Speakers have two minutes or the amount set by the board. Speaker cards will not be accepted for an item already before the board. Number two, superintendents board. Doct dr. Matthews. Good evening, everyone. October is National Educators month, and id like to take a minute to National Principals month. Id like to please join me in thanking all of our principals. [applause] l
Vice president sanchez thank you for your commitment to the program. I can attest to your handson when i was principal at cleveland, you came to the school. Toward the end of your presentation you talked about lowincome families. Can you go into that . Does that mean there is going to be more of an initial deposit for those families . Well still describing what the incentives are going to look like. Were still trying to figure out how to get the data we need and distribute them as a equity measure. Were still working and having conversations with the School Districts about what we can do moving forward. There is funding we might be able to place into the students. So we initiated for this year in our student formula that we were going to support more students who reside in Public Housing. So i think if you havent already gone down that road, i think that would be worth while endeavor to see if the students who reside in Public Housing merit having an extra amount deposited into their a
He will take a victory lap here. He will talk about trade. Will he talk about signing a trade deal . In fairness, before we get to the future, he has a point about the tax cuts. We have the longest recovery ever. He did not create, he sustained. More creditet much and blame for Economic Development then they deserved. The economy has done well. He does get credit for that. If you think the tax cuts worked as intended is a different question. David but yourself inside his brain, what does he want to get on china trade . What is the message he wants to send . Mike he wants the dow jones averaged to rise. He will Say Something optimistic. Its possible he comes in with a surprise, that they have agreed to sign an agreement. There has been no reporting to that effect. Hes probably not going to say that. Will cast it in an optimistic light. David will it in clued rollbacks include rollbacks . The president said dont be so sure. Mike it depends on how that is asked. Will they roll back some t
Meeting with, and of course better known as the new nafta. And the s and p and the nasdaq hitting new highs. Lets bring in our investment committee. Joe, stephanie and john, marg reet reed, union bank private bank, and rob of ubs private wealth management. So stocks, joe, pushing to new highs. Youve got the president who is probably going to tout a strong economy, high gdp, low unemployment is he going to give the market another leg up i think you and i used the phrase coiled spring here we are, we are springing higher, with very good reason. I think when youre looking at the steepening of the yield curve, the uninversion, if i could create a word, the uninversion of the yield curve, theres been a significant rebound in yields. And then earnings, and steph talks about earnings all the time eps gross was expected to be negative, 3 to 4 we came in down only 1 . So i think there is a lot to present a very fertile environment for the capital markets. Every asset class is higher. Where is t