Supervisors agenda unless otherwise stated. Okay. Madam clerk will you call item 1 and two together. Item 1 resolution determining and declaring that the Public Interest and necessity demand the acqusition improvement and accountability and conversion of at risk multiunit residential buildings to permanent Affordable Housing and performing need the seismic, fire, health, and safety upgrades and other major accountability for habitability to be financed through bonded indebtedness in the amount not to exceed 350 million and item two is ordinance callng and providing for a special election to be held in the for proposition a. Thank you madam clerk. Y we know have speakers from supervisor peskins office and Controller Office and well so supervisor peskins office. Thank you supervisor farrell and supervisors. Thank you for your consideration of this item today and apologize that supervisor peskin could be here for the discussion this morning so i wanted to give a brief overview and context
Good afternoon everybody. Welcome to the San Francisco board of supervisors budget and finance Committee Meeting for wednesday june 29, 2016. My name is mark farrell. I am chairing the committee and joined by the vice chair katy tang and supervisor wiener and thank the clerk and staff from sfgtv for covering the meeting today. With that madam clerk do we have any announcements . Yes mr. Chair. Please silence all cell phones and complete speaker cards and documents to be part of the file should be submitted to the clerk. Items acted upon today will be on the july 12 board of supervisors agenda unless otherwise stated. Okay. Madam clerk will you call item 1 and two together. Item 1 resolution determining and declaring that the Public Interest and necessity demand the acqusition improvement and accountability and conversion of at risk multiunit residential buildings to permanent Affordable Housing and performing need the seismic, fire, health, and safety upgrades and other major accountab
Search. Is it losing its safe haven status . Away from ther close of trading this monday. Lets head to markets desk were julie hyman has the latest. A bit of a sleepy day today. Julie this has been characterizing trading over the past couple of recently as we have seen stocks take a pause after a fiveweek rally. Seeing volume in the s p 500, 34 below the 20 hundred day average. Quite a drop. We already saw a couple of the lowest volume days of the year. That trend is continuing as major averages are little changed. Elsewhere, in other at its, you take a look at the treasury market. The 10year note. We have seen the yield work its way lower. We got a gdp revision higher on friday. We got data not quite as estimated and we will hear from janet yellen speaking tomorrow before the economics. We could get more direction for the market and treasuries. We are seeing the yield go lower. Oil and gold watching as well. We see buying and treasuries, the safe haven buying is not extending to gold,
Initiatives and campaigns. That is someone saying this is what matters. This is what i need in my life. So true in business that the urgent drives out the important. When i took way from that is he that it is urgent but not as important as his kids because he may have other opportunities. I really respect the fact that he was going to say this is maybe not the most important thing in my life right now. Thatanie i like the point maybe if more of his political leaders were moving their maybees to washington they could learn to be cordial and work together. David sounds nice. Stephanie i am really nice to people at cocktail parties. Coming up in this hour, we have and its was of interview with the dell ceo. Emily chang will be sitting down with him coming up in 45 minutes. Vonnie it is a record year firm mergers and acquisitions and i got a lot bigger this morning. Western digital has agreed to a 19 billion acquisition. Separately, lab research is buying kla. Both of those Companies Based
Retail may get a lifeline. Secondquarter loss was worse than expected. Overseas in scotland, a new poll shows antiindependents voters have the lead just one week before the referendum. Rsb may leave at scotland if it votes to separate. Our top headline today, president obama reasserting military presence in iraq and syria. I have made it clear that we will hunt down terrorists who threaten our country wherever they are. That means i will not hesitate intake action against isil syria as well as iraq. This is a core principle of my presidency, if you threaten america you will find no safe haven. Joining us for more is chief washington correspondent, peter your big take away. I thought his speech last night was effective, and it is a bigs beach for a man who is framed much of his presidency around ending americas war. He committed the u. S. To an open ended military campaign against the terrorist group. Discounted as a threat a few months ago. You can sense in his voice the reluctance. st