Please stand by for the San Francisco board of supervisors meeting of october 17, 2023. Good afternoon and welcome to the San Francisco board of supervisors for today, tuesday october 17, 2023. Madam clerk, please call the roll. Thank you mr. President. Supervisor chan, present. Dorsey, present. Engardio, present. Mandelman, present. Melgar, present. Peskin, present. Preston, present. Ronan, present. Safai, not present. Stefani, present. Walton, present. Mr. President , you have quorum. Thank you madam clerk. The San Francisco board of supervisors we acknowledge that we are on the unceded ancestral homeland of the Ramaytush Ohlone who are the original inhabitants of the San Francisco peninsula. As the indigenous stewards of this land and in accordance with their traditions, the Ramaytush Ohlone have never ceded, lost nor forgotten their responsibilities as the caretakers of this place, as well as for all peoples who reside in their traditional territory. As guests, we recognize that we
Vice chair Rafael Mandelman and today joined by Hillary Ronen. I would like to thank sfgtv for blasting this meeting. Do you have any announcements . Thank you madam chair. The board of supervisors and meetings are doing hybrid for attendance and providing access by telephone. Public comment will be taken on each item on the agenda. Those in person will be allowed to speak first and then those on the telephone line. For watching go to the our website and to the number on the screen and you will hear the discussion and in listening mode only. When Public Comment is called those should line up to speak and those on the telephone pressing star three to be added to the speaker line. Theres turn down the tv and devises youre using and each speaker is allowed two minutes to speak and you may submit Public Comments to the clerk of budget and finance committee at our website as cited on the agenda. If you submit Public Comment by email it will be forwarded to the supervisors and part of the fo
Todays rules americas the first Public Meeting of the board since the sad nows that senator Diane Feinstein passed. Elect in the 1969 Diane Feinstein served on this board from 1970 to 78 when a shocking tragedy aassassinations of the supervisor and harvey milk. She was first woman to serve as board president in San Francisco history and mayor in San Francisco history. The first woman to win dem crediteck nomination for good afternoonor in california history in 1990 the year i met her. She lost this year but i worked for the Political Consulting team 2 years later part of her senate bid and the first women elected to the u. S. Senate in california history. There will be more ponent in the coming days everything this she meant to our city and state and our nation. As an expression condolences i ask we observe a moment of remembrance. Thank you. Mr. Clerk. Board and committee allow in person attorneys and Public Comment and prosecute voiding Remote Access and Public Comment via phone. Tho
With a three handle. A shutdown possibly this weekend. Shares of nike are rallying despite the first revenue miss. The company saying that it sees resilient up canner both here in the u. S. And in china. And the street now braces for a potential Government Shutdown as soon as tomorrow night. Meantime we knew pce was going to be the tent pole data point of the week and some relief we got. Yeah, people leaning towards the idea that it would be a relatively softer number based on some of the clues going into it. As expected, we spoke around the close yesterday, i said that were going to be allowed to mark our fear to reality here. Because it has been all about, wait, what is going on with the messy selloff. It seems upnanchored and a life of its own. And yesterday gdp revision, today pce inflation number. So we have the economy we more or less thought we had. Getting a bit of a bid in stocks. It is all coming together almost a little too crypted. Maybe last day of the quarter. You have ha
President appointed this judge, timothy kelly, a short time ago, a very young guy but exactly what we expected. If you think this is the end of it, think again, because this will probably be appealed. Thats what were expecting right now, but this has been highly controversial because as you know Richard Cordray who ran the cfpb before this, he resigned, he supported the person he wanted to follow on his heels, they say in fact doddfrank allows this to happen. The president says no, no, no, there is a vacancies reform act which allows us to make this appointment. And in fact, the administration, through the Justice Department has maintained that it is the president s prerogative to report ahead of the cfpb. This is a very unusual agency for the federal government. They have a dedicated amount of money, revenue stream coming from the Federal Reserve that not be questioned. They have an incredible amount of power and independence and to be frank here, this Consumer Watchdog Agency for eve