Chair ronen mr. Clerk, can you please read item number one. Clerk prior to that, id like to make an announcement. Please silence all cell phones and electronic devices. Documents referred to in presentations should be submitted to the clerk. Item number 1 is a hearing to propose the submitted ordinance to members of and candidates for the board of supervisors, the mayor, and candidates for mayor, the City Attorney, and candidates for City Attorney and the controlled committees of those officers and candidates. Chair ronen thank you so much. And i just wanted to note that we have quite a front row crowd in the audience. We have two former supervisors and a judge. We have former supervisor tom ammiano. We have the former chair of the Ethics Commission, tom renne. I will turn this over to supervisor mar. Supervisor mar thank you so much, chair, ronen, for allowing us to hold this informational hearing today, and im proud to be this sponsor on this dark money measure. Its earned the suppor
Patients and staff are able to function within the confines of our Delivery Services so thats a real key piece. The last piece is as an equity issue, Disaster Preparedness is key because we know that population thats suffer from the greatest health and equity of chronic diseases are the most at risk in disaster for Poor Health Outcomes so dr. Gurly has been a real champion across the department. I want to thank her and her team for that leadership and thank you in terms of how we have moved from a less frequent execution of these duties to a frequent one. Ensuring the department and the commission is aware of these and that we prepare accordingly. Thank you. Thank you. Next item, please. Item 11 is other business and the counter is before you and its just a reminder the august 20th meet be will be held at the chinatown ymca at 5 00. Anything else . We can move on to item 1. The report back from the july 9th, 2019jcc meeting and i believe commissioner green attended. Yes, the laguna hon
What are we doing equity wise . Yvonne it is about that jobs report. Making a little money for the fed. It will be interesting to see what jay powell says. Is he going to lay a strong case for some kind of easing cycle after that solid jobs report . There are indicators that it was not that strong here. Slower when it comes to wages. We will see that rate cut at the end of the month. You are seeing equities selling off here today. After this continued pressure from japan onchip materials. The chip sector is under pressure once again. Hong kong under pressure. Down more than 130 points. We are on the cusp of hitting another record here. The dollar is stronger after that u. S. Jobs report. We are seeing asia a bit under pressure. To what else we are seeing here. Oil is in the front after pulling back a little bit on friday and on are selling off as the market tries to correct that u. S. Jobs report. Does this lead to less expectation . They will cut 50 basis points. Looking out for the b
Interest rate at 5. 5 . Of course, dave, it is widely expected all 20 economists we surveyed expected as much. But the question is really whether or not governor adrian orr will sound hawkish, given that inflation is still far from where he wants it to be, which is one, two, 3 right now. We had headline inflation in the Second Quarter at about 6 . So rbnz staying pat for a second time in a row at 5. 5 . Remember, this is the central bank that has done 525 basis point hike. It has been pretty aggressive ahead of the curve, way ahead of the fed. And now it is keeping its rate standing pat at 5. 5 for a second time in a row. Dave. Yep. Yeah. So were looking at, to your point there where there is some commentary on inflation and how restrictive rates are and theyre saying already restrictive and that should be enough to return inflation to target. Were just going through some of the phrasing here on the statement because that i guess in some ways, short of hearing from the governor himself