Director brinkman here. Vice chair eaken present. Director heminger present. Director lai present. Madame chair, direct ors, you have a quorum. Were legally required to put this on the agenda. Were using sound producing devices. Approval of the minutes of the september 1, 2020 regular meeting. Directors, any amendments to the minutes before we open up for Public Comment . Seeing none, moderator, can you let us know if there is anyone on the line for Public Comment on the september 1, regular meeting minutes. Staff is opening the line. You have zero questions remaining. Chair borden with that, we will close Public Comment. Motion to approve . A second . Ill second. Great, secretary boomer, can you call the roll. Chair borden aye. Director brinkman aye. Vice chair eaken aye. Director heminger aye. Director lai aye. Sfgovtv has the phone number scrolling at the bottom of their screen. If youre watching sfgovtv and you wish to comment on an item, please call the phone line when the item is
Let us know if there is anyone on the line for Public Comment on the september 1, regular meeting minutes. Staff is opening the line. You have zero questions remaining. Chair borden with that, we will close Public Comment. Motion to approve . A second . Ill second. Great, secretary boomer, can you call the roll. Chair borden aye. Director brinkman aye. Vice chair eaken aye. Director heminger aye. Director lai aye. Sfgovtv has the phone number scrolling at the bottom of their screen. If youre watching sfgovtv and you wish to comment on an item, please call the phone line when the item is being called. Members of the public who do wish to make Public Comment on items on the agenda, the phone number to use as printed on the agenda and web page, is 18888086929. The access code is 9961164. Please make sure youre in a quiet location. You turn off tvs and radios and if youre Live Streaming the meeting, you reduce the sound. At the appropriate time, the chair will ask for the phone lines to be
Chair and directors, yes, i do. So if youre ready, ill begin with this. Meeting of the citizens im sorry, i think there seems to be a lag here. Chair borden its not the same as what youre seeing on tv. Your audio is a little bit labored. I dont know if your internet quality is well. Okay. Okay. See if that helps. If it gets really bad, just let me know and i can just submit my report as a written report. No problem, go ahead. Great. So at the last meeting of the Citizens Advisory Council, we met director lai and welcomed her to the board. Thank you, again, for stopping by. We always appreciate welcoming Board Directors at our meetings. Also at our september meeting, i expressed disappointment and dissatisfaction with the rollout and subsequent rollback of rail service. And i hope that, if nothing else, the problems with rail revealed opportunities to fix and strengthen our system starting with more support at central on that. At our september meeting we heard from operators and members
Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.
Biggest trading partner. European stocks are open, as you can see, they are looking pretty flat. And well be taking stock of some of the biggest financial stories of the week, including majorjob cuts at Deutsche Bank. Today we want to know as new figures show a big fall in concert revenues, do you think rising ticket prices are to blame . Are high costs putting you off going to a live music event . Let us know just use the hashtag bbcbizlive. Dos santos your thoughts, we have had a huge response already. Do send us your thoughts. Hello and welcome to business live. We start with the struggling British Travel giant thomas cook, the worlds oldest package holiday company. It could be headed for a new departure under chinese ownership. Shares in thomas have slumped around 90 in the past 12 months and debt has soared amid growing fears for its survival, as it competes with Budget Airlines and Online Travel firms. In the first half of this year, it announced losses of 1. 88 billion as it str