Welcome. Madame clerk, please call the roll. The clerk breakthrough the clerk [calling roll] the clerk madame president , have you a quorum. Please join us in the pledge of allegiance. [pledge of allegiance] thank you, madame clerk are there any communication. The clerk none to report. Supervisor is there a motion to approve the october 24 Board Meeting. Not changes moved by supervisor yee and ronan and theyll be passed after Public Comment. Madame clerk lets go to the first item. The clerk the appearance by the honorable mayor and the mayor may address the board up to five minutes. Thank you. Welcome mr. Mayor. Have you the floor. Good afternoon, supervisors. Glad to be here for the question time. I hope that all you had a wonderful thanksgiving. As we know the holidays bring out the best of people but with the spirit of giving theres hard times and the wintertime are the hardest for the individuals living on the streets. Theres no simple answer to solving homelessness but we must con
Those dispensaries that would be equity operators that would be owned by equity operators financially to help them actually start their businesses, start have the funds to setup a business skm to assist them in being a Small Business that can be really successful. The amended language here takes us to a different intent, so although i would love to work with although today, i am in favor of the other amendments because i think theyre very good amendments, and i just want to thank supervisor cohen and her staff for this diligent work and this hard work to build this legislation and to ensure that we have equity and anecwhich tee progr an Equity Program when we roll out adult use cannabis, i dont believe the intent has changed with the establishment of this fund. This fund was not to provide assistance to organizations working to address the impact of racially disproportionate arrests and incarceration, other burdens of the failed war on drugs. It was really intended to help, i think, th
Know, to not penalize those individuals, that they use less drugs and get better, and that neighborhoods get safer, and you know, in portugal where all drugs are legal, theyve seen the society transformed and crime go down, and i feel like were somewhat having this conversation in a vacuum and pretending that theres something inherently bad about about this, what i think is an exciting moment in our countrys history of finally waking up and saying we have been mistaken on how we handle drugs in our society and its time to start with cannabis and legalize this drug. But with this board im just shocked with my colleagues, quite frankly, on this board, and i dont understand why this is so dangerous for children. I have a fiveyearold daughter. If i thought something was dangerous for her, i would be fighting tooth and nail to protect her, but she doesnt even know if shes passing by a cafe or a cannabis shop or a library. She might notice a toy store, but she doesnt i i understand maybe hig
Welcome everybody scary situation there. The dow the s p and the nasdaq hitting new highs. If we close at another record high today it would be the 70th record close this year breaking the 1995 record for the most closing highs in any year. With the gains the dow is up more than 5,000 points this year that is obviously never happened check out the individual movers. Etf on pace for its best day since december 4th abercrombie leading the way. Best buy trading at an all time home and dr horton and berkshire hathaway, 300,000 a share and now 23 this year topping the s p 500. Wow. Lets get straight to the rally. On the floor of the nyfc. Big enthusiasm. You might have thought the tax bill was priced in but apparently not as he mentioned consumer earnings today are leading. Both benefiting from the tax bill a fairly broad rally the only thing not big is the volume more like Charlie Brown Christmas Tree size. Modest yet still shining bright. Take a look at the all time highs. 58 on the s p 5
They are not valued relative to the Interest Rates. Whats happened in the markets has been very sensible nobody thought wed have these kinds of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. All right so kevin oleary, theres buffet today on the Network Stocks arent too expensive, echos what tepper told me last week, what weve heard, from you know, gary cohn out of the white house and others are they right i think the most interesting aspect what have buffet said was youre getting 14 to 15 given back to you from the government to an American Company shareholders now, he was being specific to Domestic Companies that have all of the revenues here, by find that intriguing. The other thing he didnt speak to, which he never really speaks a lot of is if youre getting 3 trillion back domestically, what percentage that have is going to buy back stocks in the next two years that has me fascinated. When people ask why is there no vol and why