Bay bridge. People also been smelling the smoke. You can see this video here. This is sort of a good look at what weve been seeing out here throughout the its also drawn a lot of spectators, people that stopping jumping out of their cars on the a overpasses here seeing whats burning again. This is that the snitzel steel area and this is that port of oakland firefighters have several crews that have been out on scene here, of course, with all this smoke up in the air, theres some warnings tonight e from the bay area, air quality district and letting people know to expect smoke, especially as the wind has been sort of blowing in this western direction. But its also going to start moving more south. So people alameda island, southern oakland, san leandro, hayward, fremont those areas, theyre probably going to be selling smelling the smoke at at some point tonight if they havent already been. So, of course, its a advise that you close your we talked with a couple of people who actually cam
Thank you. The board of supervisors and committees are convening hybrid meeting that allow inperson attendance and Public Comment while Remote Access and Public Comment via telephone. The board recognizes equitable Public Access is essential and will take Public Comment first Public Comment will be taken on each item. Those in person will be allowed to speak first, then take those waiting on the telephone line. When your item of interest comes up, those joining in person should line up to speak and those on the telephone dial star 3 to added to the queue. If on your phone, please remember to turn down your tv and listening devices you may be using. You may submit written Public Comment to the government audit oversight clerk at stephanie. Cabrera sfgov. Org. You may send written comments to our office in city hall at 1 dr. Carlton b goodlett place, room 244, San Francisco california 94102. If you submit Public Comment in writing it will be forwarded to the sfr visors and included as pa
Everyone. Indeed, im Ashley Webster in for stuart today the. The of course, inflation in the spotlight. The Consumer Price index coming in hotter than expected, 3. 2 or yearoveryear, on the plus side. Markets initially dropped on those numbers but now recovering quite nicely, thank you very much. In the premarket the dow, s p and nasdaq all moving higher. The nasdaq up nearly 100 points. Meantime, bitcoin takes just a little bit of breather after another record run yesterday. Down about 500 but still above 7 2,000. 72,194. Lets take a look at the enter rates. The 10year yield. We always, of course, like to keep an eye on this. Moving up ever so slightly, just a little more than 2 bay basis points, 4. 11 on the 10year. Lets take a look at the 2year which i believe is also, or was earlier, edging up slightly, and it is up, 4. 55 . All right. A lot happening today on the political front as well. An hour from now special counsel robert hur will testify for the first time before congress. T
This after moodys cut Credit Ratings on 10 small and midsize banks yesterday, sparking fears over a potential slowdown in the banking sector. The Congressional Budget Office estimating the deficit will top 1. 6 trillion in the first 10 months of the fiscal year. Were watching Second Quarter earnings as well. Disney is going to be reporting after the bell today. The stock is up going into the numbers. Almost 1 . European markets also in the green this morning, take a look at you eurozone, the dax is hir by 182. Asia overnight a mixed story, chinas Consumer Price index down in july for the first time in two years, shanghai composite down one half of 1 , kospi index up 1 and a quarter percent. The 2024 race taking shape, another gop hopeful taking the debate stage. President trump remains in the lead as a majority of americans think is charges are a distraction from the growing evidence of biden family corruption. Calls for an impeachment inquiry into joe biden getting louder on capitol h
About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th