Rehold remote hearing. Im requesting everyones patience. The platform not perfect and at times fail. If you are not speaking, mute your microphone and turn off your video camera. Do not hit controls that may affect other participants. To enable participation sfgov. Tv is broadcasting and streaming live and will receive Public Comment by calling the tollfree number across the bottom. Opportunities to speak during the Public Comment period are available by calling 18882733658 access code 3107452 speaking pound and pound again. If you are connected and would like to speak or submit your comment hit 1 and then 0 and you will have three minutes and will hear a chime when your time is up. Best practices are to call from a quiet location, speak clearly and slowly and mute the volume on your television or computer. Theres a delay on the sfgov. Tv board of by a good 60 to 90 seconds and if youre streaming theres a delay of a good 15 seconds. At this time id like to take roll. Commissioner koppe
This is the august 12th, 2020 budget and pre prations meeting. Im sandily fewer, chair of the budget and Appropriations Committee. I am joined by Committee Member supervisor walton, mandelman, ronen and yee. Do we have any announcements . Due to the Health Emergency and to protect our members citi employees and the public, the board of supervisors and ledge lay ter of chamber and Committee Room are closed but members will participate in a meeting remotely. This is taken pursuant to the local, state and federal orders declarations and directives. Committee members will attend the meeting through Video Conference and participate in a meeting to the same extent as if theyre physically present. Public comments will be available on each item on this agenda and streaming the number across the screen, each speaker will be allowed two minutes to speak. Comments are opportunities to speak during Public Comment period are available by calling 415 6550001. 415 6550001. Meeting i. D. 1460772734, a
Theyre expected to adhere to these standing rules, including decorum. With that said, during the period, the committee will operate in accordance with hr 965 and specific guidance from the rules committee in a manner that respects the rights of all members who participate. House regulations require members to be visible throughout a video connection during the proceedings. So please keep your cameras on. Also, if you have to participate in another proceedings, please exit this one and log back in later. In the event a member encounters technical issues that prevent them from being recognized for their questioning, i will move to the next available member of the same party and i will recognize that member at the next appropriate time slot, provided they have returned to the proceeding. Being interrupted by technical issues, i will recognize that member of the next appropriate spot for the reminder of their time once their issues have been resolved. In the event a witness loses connectiv
They hit the take and have full analyst with panel. We have the latest on the deadlock coming up. Turning to markets this morning, futures under pressure ahead of july jobs report. Take a look. We are expecting a decline right out of the gate on dow industrials, nasdaq down 55, s p down 17 after markets ended yesterday near session highs, in fact, nasdaq scoring a fourth record close in a row. Dow industrials up 185 points yesterday and nasdaq 110 and s p up 21 at 4 00 oclock on wall street. Unrest in america, portland plagued by violence and fires overnight. Federal agents headed to two more cities as part of operation legend. Mornings with maria is live right now. Global markets this morning under selling pressure. Take a look at up european indices, dax index in germany lower by 28. Germany showing some signs of recovery, 8. 9 in the month of june. In asia overnight markets were mostly lower following President Trumps executive orders. Shanghai composite down 1 , hang seng and hong
Surged as lead by amazon well have more on that in a minute jim cramer said it feels insane. Im wrong to say that at the moment u. S. Equity futures at this hour show you how it stands. Well have another day in the green. Dow up 230 points. S p 500 up we should show you treasury yields now at. 0617. All i do is think about my 10year mortgage i dont have a 10year you have a 30year, which you regret i wish i had a fiveyear arm. You could still have a fiveyear arm. You are giving it to the man you are. Giving it to the suits. We are seeing a bit for bonds and equity even higher a reach for safety even though we have a risk on. The eu has reached a breakthrough deal agreeing to 857 billion Recovery Fund it will raise money by selling bonds collectively disbursed to the maybe countries hit the hardest that do not have to be repaid many countries including germany had long opposed also agreed to eu budget of 1 trillion beginning next year brining the total spending agreement upwards of 2 tri