Anymore. A lot of Global Markets are closed or for boxing day. Uk, germany, france, australia, italy and hong kong. I say it every year. Boxing day has nothing to do with boxing as a sport as a child, i always thought that u. S. Futures, we have some green arrows dow looks like it would open up about 30 points higher 10year note opening about 1. 97. New this morning, china says it is in close touch with the United States on signing a phase one trade deal both sides are 12i8 going through necessary procedures before signing despite progress on trade, tensions remain. Meantime, saying the phase one trade deal is, quote, an enormous step in the right direction. It is coming. It is coming it is done in your mind what we are going to get is what weve gotten. Phase two, i wouldnt think about it again like ever, ever no. Let it go. Gone for good oregon for the election . I think you need a change in leadership of china before we see anything significant even if trump wins in november of 2020,
roll call . We have a quorum. Our standard rules are posted in the agenda will be applied today to include Public Comment. We are going to start with closed session. Before i go into closed session, is there Public Comment . Okay. Motion for going into closed session. So moved. Any party that needs to leave, please make sure your cell phones are off. Reconvened first item of business is reporting out of closed session. Is there a motion whether to disclose. I move not to disclose. Second. Is there general Public Comment . I am john spencer. I am a 44 year member of our pension fund. At your last board meeting, your Investment Consultant told you that our pension fund had spectacular returns. If you use poor performing public Pension Funds as a beverage mark you have good returns, not spectacular. If you want spectacular returns you only need a passive investment in stocks, bobbeds, real estate. Let me give the 10 year returns. Bgsix index vanguard yeartodate returns 25. 66 . 10 year an
Ilene bovin coalition for San Francisco neighborhoods here on my own behalf. On the overhead is the proposal for the 2019 Building Code update. It was presented at the Capital Planning committee on july 22 of this year. In its presentation, the department of the environment stated that 35 of the citys emissions today is from privatesector natural gas. To reduce these emissions, the proposal is to encourage all electric design in new construction. The timeline for this proposal is for review by the department of building inspection and Code Advisory Committee in august, the board of supervisors Land Use Committee in september, and the full board in october. While not in the department of the environment presentation, the Capital Planning Committee Members expressed concerns. With increased reliance on electricity, the issue of reliability was raised. The response was possible use of Battery Storage for electricity. Although not specifically related to this presentation, the issue of und
Introduction of new items . Seeing none, Public Comment is closed. Mr. Clerk, please call the next item. Any Public Comment on items not on our agenda . Seeing none, Public Comment is closed. And mr. Clerk, do we have any further business . No other. Chairman we are adjourned. My s. F. Dove government t. V. Moment was when i received a Commendation Award from supervisor chris daly. Then we sang a duet in the board chamber. [singing] happy anniversary San Francisco government t. V. Happy anniversary to you. Happy anniversary San Francisco government t. V. Anniversary, anniversary, happy 25th anniversary to you. We have a quorum. Were going to go into closed session and regular business will mort start before 2 00. The start rules listed in the agenda are in effect and reminded that Public Comments may be limited to an individual for two minutes. Is there a notion didnt into closed session . So moved. Hearing no Public Comment, motion made and seconded. All those in favour say aye, and o
The upside. This is down to wall street, partly traders getting wages on that. The fed hiking rates. This whole talk of chinese stimulus is rekindling some of that risk sentiment. We are talking aboutas far as the bond market, we have a steady picture for treasuries. Weve got the 10 year yielding 4. 6 , where we were yesterday. Weve also got an open in thailand, having a look at bangkok and seeing what is at the start of the trading day. Its a by. 25 . Seeing a pushback taking place with the recent stimulus plan. 15 billion handout in thailand from the new prime minister. Some of the Rating Agency suggesting that if they dont get growth out of that, they may be looking at a downgrade. Its about digesting that, its continue to strengthen. It by nearly one barth in the last week. The fed speak, it is center stage. Speculating that the central bank will hurd well head to another pause as far as Interest Rates go. We are on track for a soft landing. Inflation has come down quite a bit. The