Clerk mr. President , you have a quorum. President yee thank you. Would you please join me in the pledge of allegiance. [pledge of allegiance] president yee on behalf of the board, i would like to acknowledge the staff of sfgovtv, colina and michael, who record each of our meetings and make them available to the public online. Today, i would like to start off maybe saying a little bit, but not much, just to make sure that people understand what this is. This is a hand sanitizer, and which is very easy to use. If you either use this or soap, either, its healthy, and you can keep your loved ones healthy. If you want to find out more information and find out how the city is responding, you can go to the website, sf72. Org. Sf72. Org. So now that im all sanitized, we can begin. Madam clerk, are there any communications . Clerk i have none to report, mr. President. President yee okay. Colleagues, today we are approving the minutes from the january 21, 2020 special Board Meeting and the janu
Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
Reporter there have been rumblings at city hall for weeks about mayor breeds ties to mohammed nuru. He is embroiled in that federal corruption scandal. I just came from inside city hall where the supervisor thinks mayor breed should resign immediately after the mayor disclose ad 5,600 gift from nuru. The mayor just admitted to violating the law by accepting a close to 6,000 gift from her employee. Her subordinate. And i talked to the city attorney. Pass clear violation of the law. And because of. Serious violation, and the serious culture of corruption that pervades this city, that i believe she should voluntarily resign. I cant help but believe that the Mayors Office is in Crisis Communications mode. They obviously have known about this, or she has known about this for a long time. The fact they are dumping on it a friday before a threeday weekend isnt arbitrary. That was obviously by design. The real question is, what else dont we know . Reporter nuru resigned from his public works o
A 2nd and a run up the next hour on the way to what his backers are doing well right now while backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a mega church about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting the virus its not clear how she became infected. Well now south korean officials have a
While backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a megachurch about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting that virus its not clear how she became infected but now south korean officials have announced that they will test all 215000 members of that church south koreas number of confi