Protests in cities all across the nation including here in the bay area this is video we received from a viewer just an hour ago this is in emeryville you can see dozens of people running towards a best buy store there. We are also hearing that there are protesters at a target store in the same area in emeryville we are working to confirm with Police Exactly what is going on there, but you can see there is a lot of Movement Activity were not seeing any looting at this point. But nonetheless were waiting to get in touch with police thank you for joining us at 9, im pam moore and im ken wayne, the protests are in this response of course to the death of george floyd. The black man who died in minneapolis after a Disturbing Police arrest was captured on video. This is the video at the center of the National Outrage and shows nowfired Police Officer Derek Shaaban with his knee on floyds neck for almost 9 minutes. Shaaban has been arrested and is now charged with 3rd degree murder. And mansl
Here as well. Also want to point out some breaking news. Macys says their cfo paula price is going to leave the company. They are looking at an external search currently. Premarket withn the overall market. Exxon mobil also coming out, finally the last of the big majors to cut their capex. They see overall Capital Investments for this year about 23 billion. They saw up to 33 billion. They are also cutting operating expenses by about 15 . They are maintaining their longterm outlook. They say Capital Allocation priorities remain unchanged. The longest chunk of all these cuts are going to be spending in the permian basin. That is interesting. We heard something very similar with chevron, a little easier to shale. Ex within they are dealing with the fallout of the crisis. Watching those stocks as we head into the open. U. S. , as wellthe as the markets, but the collapse of the Small Business optimism i was just talking about. Gauge falling by 8. 18 points in march. Michael mckee joins us w
Weaker as you have no agreement over finance chiefs on what to do over the crisis. Russia doesnt think a 2 million barrel a day cut is enough to get anyone to the table. In the bond market, 17 billion worth of supply coming online at about 1 00 today. It is time for todays market moving news from our london and new york offices. European Union Finance ministers now failing to reach a deal on a unified strategy combat the economic damage of the coronavirus. Germanys finance minister olaf scholz did give a press conference shortly after talks ended. I think it is absolutely clear that the recovery of great will be a very activity. We have to organize together. As anyone knows, i think it is absolute possible to do this within the framework we already have. Alix bloombergs Michael Mckee joins us now. I couldnt believe it, but i could believe it this morning when i woke up and saw they could not agree, and it was north and south. Michael it seems that way to a lot of people. Talk is cheap.
[gavel] thank you. Are we good, madame clerk . Good. Good morning, everyone. My apology for arriving late to the chambers. The meet willing come to order. This is december 11, 2019 regular meeting of the budget and finance committee. I am sandra lee fewer, chair of the funds and finance committee, joined by katherine stephanie and rafael mandelman. Our clerk is ms. Wang. Id like to thank sfgov tv for broadcasting this meeting. Madame clerk, do you have any announcements . Yes, please make sure to silence all cell phones and electronic devices, complete the speaker cards to be included as part of the file should be submitted to the clerk. Items acted upon today will appear on the january 7, 2020 board of supervisors agenda, unless otherwise stated. Thank you very much. Please call item number one. Resolution approving an updated Emergency Declaration of the San Francisco Public Utilitieses commission to repair the southeast Treatment Plant final effluent force main for a total estimated
Welcome to the board of supervisors. Madam clerk, will you please call the role. role call . All members are present. I. I would like to acknowledge the staff of sf gtv who record each of our meetings and make the transcripts available to the public online. Madam clerk, any communications . None to report, mr. President. Before we do that, i would like to ask everybody to join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Welcome back, colleagues. I hope you all had a great break because im hopeful that this year, 2020, will be as fruitful as last year, 2019. And i would like to welcome our new city Deputy Director who is over there. Shes already busy, ann pearson, welcome to chambers. And i promise that at least, my colleagues promise not to pick on you for the first week, anyway. I also like to make an announcement that in dec