[speaking foreign language] good evening im Jeffrey Tumlin San Francisco director of transportation. Welcome to the sfmta Budget Online open house. I know that this is very difficult time for all of us as the coronavirus situation unfolds. Were all thinking about how we keep ourselves and family safe, how we deal with our children at home and how to prepare for the financial consequences unfolding all around the world. Im grateful that you joined us at this time. We understand the challenge of having budget conversation given Everything Else that is going on. Yet, in order for Government Services to continue, Government Agencies need to have a budget. Were mandated by the San Francisco charter to submit a budget to the mayor of San Francisco and the board of supervisors by may 1st. A budget that is rooted in this agencys value. We understand that even if the mayor decides to use the Emergency Declaration to extend the deadline of our budget, we still need an adopted budget as a Referen
Nh hold a hearing on the nation partial roads. This is an hour and 20 minute portion. You can watch the entire hearing on cspan. Org. I want to welcome our witnesses in particular. To todays hearing as we are looking at the need to reauthorize not the cities our cities and counties are looking to us. A the focus has been on revenue especially since it is the most difficult thing we have had to do. And people are using other methods to bring us into the 21t century on transportation. So we are looking at some of those questions and the nuances of federal polling policy on congestion pricing and Technology Solutions to address congestion. So while congress. But to negatively attack never before but not to mention the quality of the air that we breathe and the failure to deal with climate change. This was not even discussed at the time of the last reauthorization to indicate just how far time has moved and to catch up. The urban mobility report and you might want to look at what it says f
The white house says there is no chance of meeting halfway. Victim of the trade war, with lackluster sales. They are putting upgrades on hold. Lets get you started with a check of the markets, the dow falling on the s p 500 sinking almost 3 , every sector on the s p 500 in the red. Of course, the yield curve invert in briefly for the First Time Since 2007, recession fears again, giving some anxiety to investors. Wti continues to be under pressure after the u. S. Session losing almost all of the gains from yesterday that we had after we u. S. Tariffs delay, and had the yen, treasuries surging in the u. S. Session. Take a look at yields, because the 10year yield fell towards that 1. 5 level. We also had the yield curve inverting for the First Time Since 2007. That was a brief inversion in the morning session. Not here, but the 30year treasury yield also breaking a record low of 2. 09 . Futures are down 2 10 of 1 , so lets see how markets are shaping up in this very riskoff session. Braci
8 porn and ownership. Land ownership. Called a meeting to order of the agriculture committee. Welcome everyone this afternoon. Your leadership isortant and essential Rural Communities strong. I share the concerns of my colleagues doctor years of record income, you show farming team is to be one of the riskiest businesses there is. This makes sense it is abundantly clear its time to get together on a bipartisan farm bill that supports our farm bill and helps Rural Communities. Farmville is always possible. Your willingness to work with us to find creative important needs. Together we have made significant progress. In october which are leadership senator boseman and i 2. 3 billion working with you from commodity credit appropriation that will double funding for the trade promotion programs for the next five years and grandpa american grown food a growing crisis hunger around the world. Secure 350 million in additional funding support the rights in the industry application process. It fu
The secretary talks about porn and ownership. Land ownership. Called a meeting to order of the agriculture committee. Welcome everyone this afternoon. Your leadership is important and essential Rural Communities strong. I share the concerns of my colleagues doctor years of record income, you show farming team is to be one of the riskiest businesses there is. This makes sense it is abundantly clear, its time to get together on a bipartisan farm bill that supports our farm bill and helps Rural Communities. Farmville is always possible. Your willingness to work with us to find creative important needs. Together we have made significant progress. In october which are leadership, senator boseman and i 2. 3 billion working with you from commodity credit appropriation that will double funding for the trade promotion programs for the next five years and grandpa american grown food a growing crisis hunger around the world. Secure 350 million in additional funding support the rights in the indus