Good afternoon, welcome to the stand lus and Transportation Committee for today, monday, july 6th, 2020. I am the chair of the committee joined by supervisor safai and member supervisor dean preston. Our clerk is ms. Erika major. Could you please do you have any inaudible . Clerk yes, due to the covid19 Health Emergency and to protect board members, City Employees and the public, supervisors legislative chamber and Committee Room are closed. However, members will be participating remotely. This precaution is taken inaudible state wide stay at home order and all local and state federal orders, declaration and directives. They will continued through participate in the meeting to the same extent if theyre physically present. Public comment will be available on each item on the addenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments or opportunity to speak during the pluck comment periodd are by calli
Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake filing for bankruptcy in the u. S. , one of the biggest vict
Clerk mr. President , you have a quorum. President yee okay. Thank you. Please place your right hand over your heart. Would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee on behalf of the board, i would like to acknowledge the staff at sfgtv who record each of the meetings and the transcripts are available online. Madam clerk, are there any announcements . Clerk yes. During the covid19 pandemic, members of the board of supervisors will participate in the meeting to the extent they are present in their public legislative chamber. The board understands the need for Public Access is more acute during this covid19 pandemic, and the board believes its essential to have the public participate in this meeting. I will just reiterate some of the opportunities that members of the public have. We are able to receive your written correspondence and make it part of our file. Our address is San Francisco board of supervisors city hall, room 244, San Fra
Our ability to be able to respond to that demand a really predicated on the number of individuals that we have to serve the Business Community. The San Francisco business portal was up until this last year was being managed through Digital Services and we are not going to be doing any more Technology Enhancements to the business portal. Much of what was being planned, it will now be service through the Onestop Center at 49 south venice. Were talking about equity and the individuals that our business councillors serve. The highest percentage of who we counsel are businesses in their prestartup mode, which is very critical because this really helps the businesses know what is ahead of them so that theyre planning early in advance of what are the citys requirements, connecting them to resources, so if they have not drafted a business plan, were connecting them to one of our Economic Development organizations. To help them with that. If theres a need for access to capital and financing, we
Clerk mr. President , you have a quorum. President yee okay. Thank you. Please place your right hand over your heart. Would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee on behalf of the board, i would like to acknowledge the staff at sfgtv who record each of the meetings and the transcripts are available online. Madam clerk, are there any announcements . Clerk yes. During the covid19 pandemic, members of the board of supervisors will participate in the meeting to the extent they are present in their public legislative chamber. The board understands the need for Public Access is more acute during this covid19 pandemic, and the board believes its essential to have the public participate in this meeting. I will just reiterate some of the opportunities that members of the public have. We are able to receive your written correspondence and make it part of our file. Our address is San Francisco board of supervisors city hall, room 244, San Fra