If everyone could put their hands over their heart so we can do the pledge of allegiance. Michael eric dyson [plege of allegiance] please call the role [indiscernible] [indiscernible] [indiscernible] i am here. Great. Okay. As always, i would ask the presenters to give themselves on mute until you are allowed to speak. Members of the public, please do the same. Make sure any background noise is muted. The number to call in for Public Comment is for 156150001. Access code 1464888598. We will have two minutes for Public Comment. If you could please call the first one in. Line item one. Consent calendar. Receive and take action. Motion to accept. So moved. I will second, sorry. [laughter] called the vote. The motion to accept the donation from did we take Public Comment on that first . Im sorry. We will, yes, after the items okay. How do you vote . Yes. [roll call] you have five yes. Next is the Police Commission report for the report of 2020. I need a motion and a second. [indiscernible]
Our clerk today is victor young. Mr. Young, do you have any announcements today . Clerk yes. Committee members will attend this meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Comments or opportunities to speak during the Public Comment are available via phone by calling 4156550001. The meeting i. D. Is 1466846771. And then press pound, and pound again. Public comment will be available on each item on the agenda sorry. I just repeated myself. When connected, you will hear the meeting discussions but be muted and in listening mode only. When your item of interest comes up, dial star, three to be added to the speaker line. Best practice is to call from a quiet location, speak slowly and clearly, and turn down your television or radio. Alternatively, you may submit Public Comment to
Welcome to the october 5, 2020 rules committee. I am hillary ronen, chair of the committee. With me on the phone is rules Committee Member gordon mar, and we will soon be joined by supervisor catherine stefani. Our clerk today is victor young. Mr. Young, do you have any announcements today . Clerk yes. Committee members will attend this meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Comments or opportunities to speak during the Public Comment are available via phone by calling 4156550001. The meeting i. D. Is 1466846771. And then press pound, and pound again. Public comment will be available on each item on the agenda sorry. I just repeated myself. When connected, you will hear the meeting discussions but be muted and in listening mode only. When your item of interest comes up,
Watching here, losses to end the week, stoxx 600 down 1. 25 . Of the major european indexes, the ftse is the biggest loser right now, down 2 . Thats because some of the heaviest stocks affected are british trading in london. Hsbc, london shares of royal dutch shell, British American tobacco, bp, all big losers, and they are very heavy, so they weigh on the ftse. It has been a banner week for equities. If you were long this week, you did quite well because we were up the past four trading. Essions it is not taking away the gains you made for the week. You can see the pound rising. This also amplifies losses on the foot. There tends to be inverse correlation between the pound and the ftse 100. And then rollsroyce. This is not the carmaker. That brand owned by bmw. ,ut the jet engine maker already troubled. It was cutting 9000 jobs it announced earlier this week, but now s p has cut rollsroyces longterm Credit Outlook two junk, and the outlook is negative, so rough for rollsroyce. Vonnie
Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t