Welcome to the board of supervisors budget finance subcommittee for wednesday, july 15, 2015, my name is mooirl ill be chairing and joined by supervisor katie tang and supervisor mar i wanted San Francisco thank Jennifer Lowe and the staff for covering this meeting and clerk linda wong nativeamerican. Yes. Yes. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the june. Were going to hold items 2 and 6 for the application of the jail for van ness i know there are people to speak and we dont want to hold people up well hold those until the end and well hope into it so is mirena burns. Item 67 resolution inform 30 years the Mayors Office of Housing Opportunity Partnership accept and extend a grant in 2. 9 million for the purpose of renovating and the openly of center for the period of january 2015 to january 31st, 2016. Welcome former commissioner mr. Duh. Good morning youre familiar with the consent of this resol
Katrina, a look back at the storm that devastated new orleans and part of the gulf coast. We begin night with unease by Global Investors as stocks start in the red. Markets in hong kong and china are dropping. Japans nikkei is dropping another amount as well. Slowing economy, the wall street journal says that chinese is pumping money into the markets to ease drops there. Week saw major lasts that followed 530 point drop. U. S. Markets havent tropped that far that quickly in four years. Were going to have much more on this story, coming up a little later in our broadcasts. We go to france where three american men are going to be recognized for acts of bravery, french president Francois Hollande will present them a medal of bravery, this man they subdeed wasubdued had hundreds s of ammunition. When most of us would run away, spencer, anthony and alex ran in. Is. It was either do something or die. Reporter Airman First Class Spencer Stone and alex scarlatos, are being recognized as heroes
From the record highs. The dow is now down nearly 15 . The s p is off 12. 5 . Check out these staggering figures. S p 500 companies lost another 900 million in market cap yesterday. They lost nearly 2 trillion in market cap over the last seven sessio sessions. You see rich people lost 185 billion recently. This is good. This income inequality thing. Taking care of it. This is not i also like the now were going to do this every day where we can close on change but if thats not interesting enough its like a fit bit for the market. Its not even the range anymore. Its brand new. Were talking about the full ride. We moved 100,000 points this week. It means nothing. We totalled it up for you. Lets tell you where the u. S. Futures are after what was a wild yesterday as things got pretty bad late in the day. Well try to get an explanation from our guests throughout the morning but the dow jones does look like it will oip up now 275 points up. S p 500 would open up higher as well. 33 points hig
Interview at 10 00 p. M. Eastern. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is Bloomberg Technology, live from new york. Coming up, google searches its search and shop playbook hours before the eu deadline. The tech giant faces an ultimatum to level the Playing Field for arrivals or risk fines with 5 of revenue every day. We will discuss the big decision. A massive data breach at a koufax forces and exit at the top of this week. Ceo Richard Smith is stepping down and is not walking away emptyhanded. Facebook scores and nfl touchdown, but is it playing catchup with other big tech league . N the what it means for the social media giants content strategy, coming up. Google has taken a step to comply with eu orders by the end of the week. It will create a standalone unit for its Shopping Service and rivals atids against the top of the
20 years of independence. Almost 90 of 3. 3 million eligible ballots have voted for statehood. Hasgovernment in baghdad pledged to do whatever it takes to prevent succession. The kingdom bolsters its finances amid an economic overhaul. There has been 4. 5 billion of the 30 year offering. Submit 40vestors billion in beds. Banksw zealand central has held rates at a record low. The Economic Growth outlook weakens and inflation slows. The new Zealand Dollar fell on the announcement. The german finance minister is ready to get give up the post that made him a dominant figure during the euro crisis. He is a veteran of Angela Merkels three previous cabinets. He was charged with helping to renegotiate the unification of east and west germany after the fall of the berlin wall. U. K. Consumer confidence rose to its highest level in six months. The report from the center for to signs that Consumer Spending is starting to recover after being held back by faster inflation. Hefner has of hugh died a