Item. Comments will be made in the order that they are received. When the moderator announces that Public Comment is being made, press starthree to enter the queue. When prompted, callers will have the standard three minutes to provide comment. Ensure you are in a quiet location, speak clearly, and turnoff any t. V. S or radios around you. Clerk item 1, roll call. [roll call] clerk general Public Comment. Members of the public may address the commission for up to three minutes on any item within the commissions jurisdiction that does not appear to the agenda. Speakers may address their remarks to the commission as a whole and not to individual commissioners or personnel. Commissioners are not to engage in conversation or debate with a speaker. Lack of response does not necessarily indicate agreement with Public Comment. Commissioner covington thank you, madam speaker. Are there any public speakers that would like to comment at this time . Clerk there operator there are no Public Commen
That was the trigger point i pointed out last year the tenyear yield was up 10 or 11 basis points and the stock market was down 3 that shows you there was a little catchup. I dont think tech is where we have to look at the epicenter. Its about can the economy handle rates its about consumer cyclicals giving up their advantage. If you look back to the beginning of the quarter when we were at 3. 8 on the tenyear treasury, were now up to 4. 5, the nasdaq 100 hasnt underperformed the rest of the market the rest of the market has also been suffering is under this pressure one of the reasons is, i think you have to differentiate. Microsoft, we know what theyre going to earn as far as the eye can see, roughly speaking. That gets discounted back when you worry about the yields its not a big swing factor in terms of valuations. Youre not just buying an annuity and comparing it to the yield. Youre buying a profit stream that can go way up or way down relative to expectations. Thats why Conferenc
Highs. A government shut down averted by now well talk to gary cohen from the white house in a few minutes. And elon musk talking about the race to mars first up though private sectors up 221,000 in the last month upward september and october added jobs later on we will talk to gary cohn the director of the president s counsel. Its up from the prior 2. 4. Look, i have very little to pick on. I think this is a very good number the thing that caught my eye, for that emphasis, what caught my eye was manufacturing added 30,000 jobs, kind of a wr renaissance happening in this country. 2. 6, first time under 3 thats a record low. People making jokes this morning what robot revolution are we talking about. We have workers having plenty of choices. Well, i mean, it may be coming but there are plenty of plants being built when you talk to the Utility Companies whats going on in the southeast portion of the country, tennessee, and kentucky and texas, they cant keep up with the building, and a lo
For evaluating us in the broadcast thank you very much madam clerk, any announcements . Yes. All electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the. Okay great you both are ready to present on this item and Shelly Campbell take that away. Good afternoon. Im shelly the public works personnel were here for the jurisdiction challenge from the point of privilege the item before you is virtually for the public works Sewer System Improvement Program the Sewer System Improvement Program is a 20 Million Investment required to renovate, upgrade our aging infrastructure to insure reliable and seismically sewer system for generations to come france is 70 projects 2 plus billion dollars is alter southeast plant which started out 70 years ago property jurisdictional challenge was initiate to enable the sfpuc to identify the space for the facilities at the southeast plant that is a challenge of the San
[ inaudible ] commissioner kopp, i think you were in the middle of your comments. A large percentage, not a plurality, a majority of these pending matters are tributable to deferring to a request by the District Attorney to abate our investigation, while the da investigates. And some of those requests, as the chairman noted, go back to 2013, as others are 2014. Others are 2015. There they are at least a year old and does that a disservice to the people of San Francisco. Itdoes a disservice to this commission which tries to execute its responsibilities. And i have marked, and i will initiate a motion, as required, to seek a return, or a reinstitution of our own investigation in about 20 of these cases. And alternatively as the agenda indicates, the commission can formulate a policy for the guidance of the public, and the District Attorney as well, of putting a time limit on the District Attorneys request for us to abate an investigation with a provision in the policy that at the end of