And supervisor katie tang. I want to thank our clerk of the committee today as well as asian stocks and jim smith from sfgov tv for covering the meeting. Mdm. Clerk any announcements . Yes please sounds all electronic devices. Thank you very much. While we wait for some paper to be delivered to the committee were skipping over item number one for the moment move on to item number two. Item number two Ordinance Amending Division of the workout to establish a violation for bicycles Share Program bikes left part standing or unattended without a permit for location authorized public works to take enforcement action to abate remove the mice and making appropriate findings thank you. This item was sponsored by supervisor peskin so i will turn it over to them. Thank you chairman templars and thank you for your early support for this legislation for your cosponsorship. As we mentioned at the press conference this is actually the first time that the city of San Francisco is getting out in front
Envision for a program update. Good afternoon and thank you Committee Members. Jimmy parks with the sf mta and i oversee the citys bicycle programs are excited to be here today for to propose a ordinance to Amend Division one of the station must bicycles go shepherd him and [inaudible] supervisor peskin just mention her by the mta board on march 21 we feel that these legislations are really strong and make sure station was by showing his right leg in a manner thats consistent with how we already treat station base by sharing and remote Public Health and safety. We appreciate working closely with supervisor peskins office to develop this combined division i and division ii transportation code package thats been cordoned eight. I want to take a couple of minutes to provide an overview of bike sharing as it exists in San Francisco today. I describe the emerging trends and station was bike sharing. Then describe the legislation that you are hearing today as was the legislation that the mta
To fall. Interestingly, not putting much downward pressure on the stock market. Also, Commodity Futures Trading Commission head timothy mass 5 2k joins us after announcing the settlement with the banks. There are some smoking gun chat room messages you have to see on this story which has some wondering why the penalties announced were not greater. Well get into that and more with Timothy Massad coming up momentarily. Two earnings are out in an hour. Cisco and jcpenney. Well bring you the numbers that could move both stocks and overall market, second they hit the tape and the best analysis on the street that all starts right after the closing bell. At t is halting buildout of fiber optics in about 100 cities in what so far is the most apparent Chilling Effect of the president s call this week to clamp down and regulate the internet. This as reports say that the fcc chair may defy the president s call for Net Neutrality citing the agencys independence. This story is a lot of moving parts
Rallying and the 10year moving high owner the fact that the fed if anything worried about inflation and growth move, i mean, try to put it altogether and create a coherent narrative. I cant. Maybe the panel can. We have other news but first of all keep an eye on this level. 1962 was yesterdays high on the s p 500 index. Write that down. We took out yesterdays low on the open this morning. If we were to close above yesterdays high, technicians call ate key reversal day and would put a potentially bullish move for the markets. If we get a push higher here in the hour and see what apples doing because carl icahn put out now very sophisticated with the tweets. He is tweeting of what to tweet about. Well, thats true. Thats true. Almost like we have to watch his communication strategy as much as he tweeted out to send an open letter to tim cook, ceo tim cook, tomorrow. With all of the agitation at apple, the stock is up 50 in the time. Hes going to send an open letter to tim cook tomorrow an
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