Good morning. The meeting will come to order. Wrel welcome to may 1, 2024 meeting of Budget Finance Committee. Madam chair, not quite yet. Sorry. Good morning. Lets start over. The meeting will come to order. Welcome to the may 1, 2024 meeting of the budget and finance committee. Im supervisor chan, chair. Joined by vice chair mandelman and supervisors melgar and now also board president aaron peskin. Our clerk is brent julipa i like to thank calina mendoza from sf gov tv. Please make sure to silence cell phones and electronic devices. Should you have documents to be included as part of the file submit to myself, the clerk. Public comment will be taken on eachetum. When your item comes up please line up to the west side of the chamber along the curtains and not necessarily to provide Public Comment we invite you to fill out a comment card and leave on the trail by tray. You may submit Public Comment in writing, email to myself the Budget Finance Committee clerk at brent. Julipa sfgov.
Supervisor supervisor peskin. Present. Supervisor preston. Present. Supervisor ronen. Present. Supervisor safai. Supervisor self neil. Why present. Why supervisor walton. Present. You have a quorum. Thank you, in dam clerk the San Francisco board of supervisors acknowledges we are on the unseed ancestral home land of the recommend ram the original inhabitants of the San Francisco peninsula. As stursd of this land and with their traditions the Ramaytush Ohlone have never cd, lost nor forgot their responsibilities as care take exerts all people his reside in their traditional territory. We rescue noise we benefit from living and working on their Traditional Home land. We wish to pay respects acknowledgingan cest sxors relatives of the recommend Ram Community and rights as first peoples. Join mow in the pledge. [pledge of allegiance] in dam clerk do we have communications yes. The board away the public to attends this mote nothing person. Here in the board legislative chamber in city hall
Sonali coming up, countdown to the fed. Days away from the next u. S. Century Bank Decision and in the walk up, short and yields on the rise. A flurry of issuance underwriters looking to get ahead of the big Rate Decision but we begin with all the big issues all eyes on the september meeting. The outcome of the september meeting. I think the fed will do what we expect it to do. Pause and indicate they are data dependent. The fed has to rethink their done hiking. Thats they have to maintain the policy stance. Think they will be inclined to deliver a hawkish pause. The trend of inflation is moving slower. Core inflation moving in the way they want. Most Central Banks probably done hiking. I think the fed is going to be responsive to the labor backdrop. I think we may be at the end of rate hikes. Sonali joining us now are Jerome Schneider and maureen oconnor. Someone who manages along the curve, i want to ask you about the rates this week because we have had a 13 basis point move from the
It is not clear why berlin is delaying this, said foreign minister Dmytro Kuleba at a press conference with the head of germanys Foreign Policy department , elena berbuk, who is on an official visit to kyiv today. To cover up Ukrainian Energy facilities and port infrastructure, the second issue was definitely already there, it has filled all moscominos, this is the issue of taurus missiles, we talked about it in detail question i want to state this very clearly and unequivocally that the decision in berlin will be the maximum assistance from our side. To meet the growing demand due to russias war against ukraine, currently germany has supplied our country with two aristi blocks and has promised to supply kyiv with six more. We are working in germany on a new package worth almost several hundred million euros, i think he will be ready for the next meeting of the Ukrainian Defense Contact Group in the kherson region, the russian army fired at a dispensary in the village of stanislav, a l
Adoption of House Resolution 657, if ordered, and passage of House Resolution 1638. The first electronic vote will be conducted as a 15minute vote. Remaining electronic votes will be conducted in fiveminute votes. The Unfinished Business is the vote on ordering the previous estion on House Resolution 657 which the yeas and nays are ordered. The clerk will report the resolution. The clerk house calendar number 109. Are House Resolution 657, resolution providing for consideration of the bill h. R. 2396, to amend the grammleachbliley act to update the exception for certain annual notices provided by Financial Institutions. And providing for consideration of h. R. 4015 to improve the quality of proxy Advisory Firms for the protection of investors, and the u. S. Economy, and in the public interest, by fostering accountability, transparency, responsiveness and competition in the proxy Advisory Firm industry. The speaker pro tempore the question is on ordering the previous question. Members w