This has been a disastrous year and we need you on the board of supervisors to take descraftiaction. S. We will restore the 23expirt safety net for most vulnerable api communities in San Francisco. They are Food Security, workforce development, Behavioral Health, dough miss tick violence and youth and services so we have the board of supervisors to restore all this expiring programs and and various departments for a total of 2 million. On behalf of cyc we have two expiring programs under mohcd including our asian and Pacific Islander Youth Leadership program which provides Youth Development for age 16 to 25 and reach out to 200 about the importance of city engagement that they promote young people to register to vote, participate in census and take part in vote 16 campaign. The other program is the bayview Services Connection program. With a reduction of funding of 50,000 which will harm and reduce our Cross Cultural community and this program serves over 5,000 vulnerable and low incom
Good afternoon, everybody. Im cherie miller. Im located in district 5, and also, i am an originating member of the African American art and cultural district in district 10. The San Francisco board of supervisors historic use of laws and policies have targeted and harmed the African American community intentionally and the eventually, and its the cause of Police Brutality and the loss of black lives, and our health and wellness in our community. Defund sfpd. The Police Department has not used the public funding for all of the public good. Greater funding should be directed more intentionally to Community Programs and spaces to strengthen us. No more intentional racist laws and policies . Find subprime loan lenders. I want to thank all of the supervisors for their work. I look forward to meeting dean preston. I have not met him yet. Shamann supervisor shamann walton, thank you for your work and your excellence. We want to continue fighting for our health and wellness and our prosperity.
Written materials. You are the ema offices that required for all meetings. I expect all members to wear a mask expect when speaking. I recognize myself for an opening statement. More than a year ago, this subcommittee launched an investigation into Digital Markets. The twoives b have been to document problems and since then, weve received millions as well as conducting hundreds of hours of interviews. There were experts here, the subcommittees Ranking Member. We work closely with all members who have taken this work seriously and study the issues. This is the most bipartisan effort ive been involved with. The purpose of todays hearing is to examine the dominance of amaz amazon, apple, facebook and google. Amazon runs the Largest Online marketplace in america, c capturing 70 of all online marketplace sales. It operates across a vast array of businesses from cloud compute i ing. Apple is a provider of smart phones with more than 100 million in the United States alone. Services include fi
Covid19 own Macro Economic Development Going forward. I in leary, we should expect lower Going Forward. Ab in bef shares up. Vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. Astrazeneca rallies as Second Quarter sales top forecast the ceo says he expects to benefit from the Covid Vaccine this is a business that is redirect examinatio resilient. Weve managed the crisis well. Patients are returning to physicians a very warm welcome to street signs. Now on the gdp front, german adjusted preliminary gdp the calendar adjusted q2 number down 11. 7 slightly worse than the 11. 3 forecast the sharpest decline from 1970 the calendar adjusted level, 11. 7 versus 11. 3 predicted the rebound in that data, the pmis came in growth territory but still q2, a very severe decline. Lets bring in annette who knows more about the German Economy than i do. The 11. 7 drop in gdp. Exactly it is worse than expected but t
Jes staley says lets get back to the office. Morei think the banks are of a pressing concern, absolute critical. If you think about the advantage that sector needs to make, the changes in diversity, in terms of gender and race, Corporate Culture really important in a bank as well when dealing with risk. All of these things, i can understand why he wants to bring people back into the office. I suspect it is going to be a little more flexible bringing everybody back to the 9to5. Tom Credit Suisse flexible as well. Francine lacqua in zurich. We will get her in the hour. With our first word news in new york city, here is ritika gupta. Ritika negotiations resumed saturday on a compromise Coronavirus Relief plan. Areblicans and democrats nowhere close to an agreement, under pressure because of people losing Unemployment Insurance this week. A stopgap measure would extend those benefits. Federal reserve chairman Jerome Powell calls it the most severe economic downturn in our lifetime. Powell