Extending aid deliveries to rebel territory and an aljazeera investigation delves into facebooks handling of racist hate speech. So Turkish Court has ruled on the future of its stand bulls eye youre sophia and it will have significant cultural and diplomatic implications on the site and the country the 1500 year old unesco World Heritage site has been a museum for more than 85 years but just hours ago the court a no holds the decree that turned it from a mosque into a museum and then almost immediately the turkish president reject typo and signed a new decree allowing muslim worship to resume there the ice sophia is important in both islam and orthodox christianity it was a church for nearly a 1000 years before becoming a boss the latest with cynical so you whos outside the sophia in a stone bowl. A decision which well it goes to the court 1st and then president to very quickly what you said was expected but what actually happens from here what are the implications. Well yes it was an
Really, all eyes are on the treasury markets today, where ae 10 year yield is at 11 level we havent seen in a while. There was a bit of a joke this morning when we got the mammoth refunding announcement. Crude oil, down 5 . There was a boost after inventories were lighter. Back downown to now at 2330. Disney, moving today after earnings were not as bad as people maybe anticipated. Up one quarter of 1 , they got a boost of about 4 after earnings. Lets get to taylor riggs now, standing by with a deeper dive into todays action. Taylor folding that into Something Else we are doing on the yield curve steepening, between the twos and attends. And the tens. Some of the stimulus programs we have announced, the treasury this morning announced plans to sell twentyyear bonds, you are seeing a steepening of the yield curve as you expect more supply to come. I want to flip up board and talk about technology. Isney, the tech index positive for the year. Its the only sector in the s p 500 back in the
370 but did end the day lower. It was the first down day we have seen in five trading sessions well watch what happens today we have a fed meeting coming up. That will be the pla is to watch as we hear from the fomc later today. The 10year just below. 6 a month. This has been the best month for the dow in 18 years because we are coming off of march because that was the worst year for the dow in 22 years. You see these huge swings first down and then up what we are watching in the equity markets the one thing about 10 crude, every dollar it goes up, we could go back to 30 every day. Lets use the dollar every day that might not happen. Equities do seem to do better. Thats a lot of room to go. Maybe. But sooner or later, thats not good either. The move came after data from the American Petroleum institute. Showing that crude jumped. That was 600,000 barrels less than expected. We saw some wild swings yesterday all around these low levels 10, 11 14 today, as you can see market stocks gave
Announcements . Clerk yes. [agenda item read]. Chair fewer thank you very much. Madam clerk, can you please call item 5. Clerk yes. Item 5 is a resolution authorizing the Mayors Office of housing and Community Development to accept and expend a gift of 100,000 from San Francisco 722 montgomery. Chair fewer supervisor peskin, do you have anything you would like to add . Supervisor peskin i would like to thank steven sang for accommodating my request for this additional 100,000 on top of the inclusionary fees and interest and the Mayors Office of housing for preparing for the accept and expend and recommend it to you for full recommendation to the board of supervisors. Chair fewer thank you. Is amy chan here from mohcd . Okay. Supervisor peskin, is this something that you want to present on since emmy chan is not in the audience today . Supervisor peskin so yeah, sure, im happy to present. This is a gift to the Affordable Housing fund of the city and county of San Francisco in the amount
Ive not received a request from the member of the public to address you. Is mr. Kennedy coming back . Clerk yes. So Board Members, unless theres a question, ill entertain a motion to approve. So moved. Second. Okay. All those in favor . Opposed . Item 5, miss boomer. Clerk item 5, communications. Board members, any new or Unfinished Business . Clerk directors report. Director tumlin . How are you . Im still great, and im litt still loving about 80 of my job. 20 in three months. Good afternoon, directors. So last week, San Francisco was called to testify in congress at the house energy and commerce subcommittee. Theyre hosting a forum on Autonomous Vehicles and pending litigation. San francisco was called to testify, and i spoke covering a couple of critical topics related to the pending legislation, including asking that we put safety first, including having event data recorders board all Autonomous Vehicles that preserve data both before and after the crash and investment in a Nationa