Thank you for your comments. Next caller, please. Good afternoon, thank you for your time and attention and leadership. I hope you and your families are safe and healthy. The testimony from Business Owners made my heart race. I am judy, on the board of directors. My comments are a bit of blast from the past. I grew up from San Franciscos japan town back in the designated western addition. Mom and pop world war ii. My parents saved and borrowed money. They decided to retire and pass the business to my parents. My parents started. Redevelopment demolished. The Small Businesses provided for all of our needs from doctors to dentists, shoe repairs, barbers, bookshops and so much more. Mom and dads restaurant had celebrities. I slept to the jazz greats. Willie mays hung out. It was a Small Business on special flavor, friendliness and character. Back in the days Small Businesses and the people who loved community had a community that wases diverse. Their hard work continued to value small Bus
With me on the Video Conference is Catherine Stefani and rules Committee Member supervisor gordon mar. Our id like to thank sfgov tv for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Due to the covid19 health emergencier and to protect Board Members, City Employees and the public, the board of the supervisor legislative chamber are closed. Members will participate in the meeting remotely. Public comment will be available on each item on this agenda on both channel 26 and sfgovtv. Org. Theyre streaming the number across the screen. Comments are opportunities to speak are available via phone by calling 415 6550001. Again thats 415 6550001. The meeting i. D. Is 146 344 9722. Press pound and up and down again. When connected, you will hear the meeting discussions and in listening mode only. Best practices are to call prosecute a quiet location, speak clearly and slowly. And turn down your television or radio. Il you may send comments at victor. Young sfjgov.
Pepsicolas earnings this morning. Gina martin adams of Bloomberg Intelligence has been absolutely dead on on the earnings surprises we are going to see off the glue. Pepsi off the gloom. Camecame in al in almost flat. Futures up 18. Onathan futures positive the s p by 0. 6 . Cfohing up with the pepsico a little later on. This thursday, the ecb will be meeting. This coming weekend, european leaders get together. That is a huge focal point. Lisa the frugal five coming out, trying to push back against 750 billion euro programs. The fed very much and focus this week. We get a slew of fed speak ahead of the blackout period next week. A. M. , Andrew Williams and the boe governor Andrew Bailey joining to talk about libor. Then Robert Kaplan talking about covid testing and recovery. At 2 00 p. M. , will get the u. S. Monthly budget statement for june, which should show unprecedented deficit for the u. S. Budget. Jon, no one cares. This is not being reflected in borrowing costs or in what peopl
Commerzbank. There it is, new york city, the private equity firm really going after commerzbank. They throw out the chairman, the ceo, and you have to wonder how t adjusts the plan from adjusts the plan. The body count of three major european banks it is a stunning 61,000 redundancies just over the last number of months. Costcutting has got to be front and center for mr. Sewing. Francine he mentioned that a little bit. We also had a conversation on wirecard, saying there is something that they need to look at even more. Lets get to first word news with your take a group that. Reportedeijing has zero new coronavirus cases for the first time in 26 days, a sign that a resurgence that the second wave in china is now under control. Instead of an across the board lockdown, beijing tested more than 11 million people. Anthony fauci says any Coronavirus Vaccine would be limited in how it would provide protection. He told a Video Conference that Health Officials assume a shot would offer a degre
We did just get the closing bell on u. S. Equities, which have been trying to break free of the range they have been in for some time. 2971 is where we are ending the day on the s p 500 the nasdaq indices up 2 on the day. 2 . Russell 2000 gaining energy, financials, and Communication Services leading the charge. Twitter among those names. And along to Analog Devices also with an interesting rise. Royal caribbean loses a little ground. Scarlet i want to jump in with breaking news. The regulator of fannie mae and freddie mac has come out with a plan that calls for more than 200 billion in capital. The regulators proposing the mortgage giants be required to hold hundreds of billions of dollars in capital to guard against potential losses, and this could eventually have an impact on Mortgage Rates and the Trump Administrations efforts to basically free the companies from government control. We are keeping watch of this as are needed fors existing government control. Is ben still with us ma