Good morning, everyone. And welcome to this beautiful monday. The meeting will come to order. Welcome to the november 9th, 2020 of the rules committee. Im supervisor hillary ronen, chair of the committee. With me on the Video Conference is Catherine Stefani and rules Committee Member supervisor gordon mar. Our id like to thank sfgov tv for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Due to the covid19 health emergencier and to protect Board Members, City Employees and the public, the board of the supervisor legislative chamber are closed. Members will participate in the meeting remotely. Public comment will be available on each item on this agenda on both channel 26 and sfgovtv. Org. Theyre streaming the number across the screen. Comments are opportunities to speak are available via phone by calling 415 6550001. Again thats 415 6550001. The meeting i. D. Is 146 344 9722. Press pound and up and down again. When connected, you will hear the meeting discus
Heard there yet. Chair fewer okay. So are there plans to bring it to further Oversight Committee . I think wed be happy to. It has not been requested of this legislation yet. Chair fewer okay. So mr. Law is on the line, is that correct . Good morning, chair fewer. Thank you. Chair fewer hi. When is the next cannabis Oversight Committee meeting . It will be in the next two weeks. Chair fewer okay. Yeah. And on this piece of legislation, theyve been made aware of the committee member. However, it has not been formally discussed during the meeting. During our meeting for the last 12 months, we do plot out time to bring up all pending legislation to the committee members. As i mentioned, this item has not been formally discussed and recommendations from the Oversight Committee. Chair fewer okay. And then [indiscernible] on behalf of the office of cannabis, i can imagine that you are in agreement with this proposed ordinance, is that correct . Yes. And this is correct. Were continuing a Rac
We got a boost from the bank of england a little early around. We will hear from the governor in just a moment. The cable rate, 1. 31. Keep an eye on the critical lines in the sand as we come through tomorrows session. We are starting to see yields a little bit higher here in europe today. A little bit of stabilization may be in the bond market after yesterdays big move, but a much flatter curve. Lets dive into the bank of england decision to boost its bond buying program. 150 billion, a little bit of a surprise. The market was expected 100 billion to be added to the program. Why the bigger number . That was the question i put to the governor. Gov. Bailey i think that was what we learn from our earlier experiences with covid. It is important that we act both quickly and that we act clearly in scale. That was an important consideration for us. The second thing is that we have to meet the inflation target sustainably over time. So a lot of work we did on our forecasts, employing the pers
The focus certainly on the u. S. Not only for the infections but of the transition period and what we can expect from the markets. The markets looking at some caution, we heard from Central Banks saying look, the vaccine is not going to be a cureall. If you look at what investors are trying to assess, it is additional stimulus, an economy that has been battered by these coronavirus cases that we have seen going up and up. Treasuries adding to the gains, and if you look at other things we are looking at, you know, the dging higher afterword that Dominic Cummings will leave his role with Boris Johnson at the start of the year. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Laura good morning, francine. Powell, ecb president christine lagarde, and Andrew Bailey used a Virtual Conference to highlight the risk. The post pandemic economy will be different in many ways. The 2020 election was the most secure in american history. They say there are is no e
This agenda, and we are streaming the number across the stream. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during the Public Comments are available by phone. Meeting i. D. 146291707. Then press pound twice. When connected, you will hear the meeting discussions, but you will be muted. When youre item of interest comes up, dial star 3 to be added to the speaker line. Best practices are to call from a quiet location, and turn down your television or radio. Alternatively, you may submit Public Comment in the following way, email to myself or the budget committee. Icommittee. It will be forwarded to the supervisors and will included as part of the official items. Items acted on today are expected to appear on the board of supervisors agenda on november 10th, unless otherwise stated. Chairwoman can you call number one . Authorizin [inaudible] members of the public who wish to provide Public Comment on this item shall call 415455, 0091. And then pres