Good morning the meeting will come to order the february 28 budget and finance im connie chan chair, im joined by vice chair mandelman and melgar. Our clerk is brent jalipa. And i want to like to thank corewin cooley from sfgov. Org for broadcasting meeting. Thank you a reminder those in attendance make sure to silence Electronic Device not to interrupt our proceeding fist you have documents as part of the file submitted to myself the clerk and Public Comment on each item on the agenda. When your item come up and Public Comment is called lineup on the west side to your right, my left. And not necessary to provide comment we invite to you fill out a card by the doors. If you wish to be recorded for minutes you may submit comment in writing. E mail them to mis the budget and finance clerk at brent. Jalipa sfgov. Org. If you nit e mill tell be forwarded to the supervisors and included as part of the official time send written comments by u. S. Postal service to city hall 1 dr. Carlton b.
A little bit of green. A lot of green yesterday, more today, dollars up 3, nasdaq up 18, 10 year treasury yield has been going down at a lower level, 4. 37 . Oil close to 80 a barrel just shy of it, 79. 40. Bitcoin, 66,289 as we speak. Thats the market and now this. In beijing, Russias Vladimir Putin is getting on fine with chinas xi jinping. They are shoring up the new world order against us. In ukraine, zelenskyy canceled foreign trips, he needs to stay home because Russian Troops are advancing on several fronts. Ukraine could lose. Gaza, hamas fighters returned to the northern part of the strip. Leaders and hostages are hold out, holding out in rafah. Hamas is winning the pr war. Four years ago there was no new world order, russia had not invaded ukraine and hamas had not attacked israel. President biden must take some responsibility for what has happened. These world changing events took place on his watch. It started with the disastrous retreat from afghanistan. Biden looked week
Brother spoke about their mother, first time wednesday. She had a remarkable religious faith. She was very big on character. Working class. Reporter they retained Robert Mongeluzzi to investigate circumstances surrounding the fire and their mothers death. We want to know how it happened. They did not protect teresa reporter mongeluzzi and his team inspect the facility wednesday morning, sharing these photos which they say show the point of origin of the fire, a trash cannon an outside patio, and when the fire broke out mongeluzzi says the Sprinkler System did not work, his investigators focused on that Safety System s water valve. This is that main valve, today at least, it was off. There is no indication, no evidence after of today that this valve was turned on, on the night. Reporter but with teresa fur ever gone the familys only goal to make sure that this doesnt happen to any other person ever again. We can only hope she didnt suffer but we just didnt know reporter atf just release
So already in the world of travel. Getting busy. Quiet over here. Yeah. But as you said it is off to a chilly start. It is first day of winter. We expect that. We are catching sunshine today storm scan view is very quiet and will stay that way through the day with sunshine as well, and there is a chill in the air to go with this too. Currently storm scan nice and quiet and will stay that way through the day. If you will recall this same time yesterday we were not only well in the 40s but there were a number of places in the lower 50s, this same hour, so youre 24 hour temperature departure is substantial. It is way colder. Luckily not too breezy outside but it is still chill i. You will to have bundle up adequately. Many are sitting in the 20s right now and we have a few hours before that sunrisees, but we will even up were 44. It is pretty much exactly where we should within sunshine as well and we will mark solstice officially at 11 28 this morning. Coming up we will mention that poss
15 rebound over the past three days. Orl 2018 bring more gains the traditional new york new year hangover . This or market focus on news of a trump tax gain . We are less than half an hour away from the start of european trading. Lets take a look at where we stand and what we will be doing. Lets take a look at the fair value calculations around europe. The london market looks at it will open in positive territory. It looks as if we will see some weakness coming through in some of the continental markets. That is what the bloomberg is kicking out. Lets show you what is happening on the gmm. The gmm is interesting in terms of what it will be showing us. Lets talk about why china sold off this morning, that was interesting. The rest of asia had a positive session but china was down at the close by 1. 5 on the 300. It was interesting to see the consumer end of the spectrum. Also showing signs of weakness. The chinese currency on the move overnight to keep an eye out what is happening. Lets