Bren chair ronen good morning, everyone. I hope you all do your best to stay inside today and keep your loved ones safe inside, and our thoughts and solidarity and love are going out to the people of Northern California and Sonoma County who are suffering tremendously, and we will continue to fight to keep each other safe and very grateful to the mayor whos setting up a shelter as we speak to do our part in keeping our neighbors to the north safe. So our thoughts are with the people of our region. And the meeting will come tord on. Welcome to the october 28, 2019 meeting of the rules committee. Im chair hillary ronen. Seated to my right is rules Committee Supervisor shamann walton, and to my left is gordon mar. Mr. Clerk, do you have any announcements . Clerk yes. Items acted upon today will appear on the november 5 board of supervisors agenda unless otherwise stated. Chair ronen thank you. Can you please read item number one. Clerk item number one is an ordinance dissolving the Workfo
Speak to do our part in keeping our neighbors to the north safe. So our thoughts are with the people of our region. And the meeting will come tord on. Welcome to the october 28, 2019 meeting of the rules committee. Im chair hillary ronen. Seated to my right is rules Committee Supervisor shamann walton, and to my left is gordon mar. Mr. Clerk, do you have any announcements . Clerk yes. Items acted upon today will appear on the november 5 board of supervisors agenda unless otherwise stated. Chair ronen thank you. Can you please read item number one. Clerk item number one is an ordinance dissolving the Workforce Advisory Committee and a statement on the workforce alignment. Good morning, supervisors. Im angela calvillo. Im simply before you because of the housekeeping language in the ordinance which actually sunsets these two bodies and sunsets these in july. I understand that there is a desire for the bodies to be reauthorized, and if that is the case, we are happy to work with the commi
Binders to two hours per month or eliminate about 2,502 per year so should the commission go paperless the total cost per year for commission prep would be 3,050 as compared to 3,802. Just the right thing to do. It is just the right thing to do. Commissioners any questions . Would we be able to bring our own tablets . Yes. We can write right on it . Absolutely. The tablet has to be running the software, correct. It has to run the software. It would be downloaded as an app. You would have your own unique long in which would be under our account. The app is free. The license you can have the app to log in to activate the charge . It does. It is a onetime expense for the tablets and it is an annual expense for the subscription to the app. If there is a longer Term Contract that price goes down. What if a free app comes along. Yes if it is secure and were safe any questions or comments . Open up to Public Comment . Any members of the public to comment . Seeing none, Public Comment is close
Streaming service. Lets look at futures this morning. Some Economic Data better than expected today thats the picture on fed day. Dow opens higher by 34 s p by 2. 5 nasdaq by 17 road map this morning starts with right there, the futures, pointing to higher open after that stronger than forecast Economic Data. Investors staying cautious ahead of the fed record highs within striking distance again plus, shares of General Electric popping after an earnings beat the company raising its 2019 cash flow forecast and streaming wars at t set to challenge netflix, apple and disney, unveiling details for its upcoming hcupcome upcoming hbo max Service David talks with warner media Ceo John Stankey and thats coming up in the next hour as we said, looking forward to that big interview the markets, the fed, fed day. The data was better than expected this morning. Still confirms were slowing, so the fed will be cutting, right the fed raised too much it is just a fact. Jay powell overdid it. The econom
Weak. In the two statements two fed precedents dissented, kansas city president Esther George and boston president rosengren dissented that is the third time they both dissented. Jim bullard did not dissent on decision. He thinks this is where the fed needs to be with the 25 basis point cut. He believes this is enough. He wanted since last meeting, he want ad 50 basis point cut. This time he got the level he believes. Fed lowered rate on excess reserves to accompany rate cut is 1. 55 . The big news, the Federal Reserve cutting the federal funds rate quarter of a point but signaling a pause for future rate cuts, changing act as apappropriate to assess going forward. Charles edward, thank you. Here to discuss key words and phrases from powell to be impact on this market, former dallas fed advisor Danielle Dimartino booth, paul schatz and former Jpmorgan Chase chief economist anthony chen. We have Katherine Rooney vera. I have to start with you, danielle. The dow is up four points. We wer