President biden marked National Small business week with remarks on the white house on his administrations efforts to support Small Businesses. He addressed the sale of First Republic bank which government regulators seized and sold off to j. P. Morgan chase, the third major bank to fail in 2023. He was joined by Vice President Kamala Harris and Small Business administration administrator, isabel guzman. Please welcome they Small Business administrator, isabel guzman. Good afternoon and happy Small Business week. Welcome all of our Small Businesses to the white house. It is incredible to be here. It is one of the highest honors to be celebrated here in the white house rose garden and it demonstrates what i see every day serving as your voice in the biden harris administration, that this president and Vice President are committed to ensuring our economy works for Small Businesses and startups across the country and highlights our unwavering commitment to delivering the American Dream of
indiscernible commissioner can we wait to make the other decisions and then take Public Comment . Public comment needs to happen before the Commission Takes any action on this item. Can our action be a omnibus action and set the deadline make the motion at the end, sure. I retract the motion. Okay. First suggestion is we already assigned a commission. The second is setting a deadline. 30 days . I think the deadline seems fine. Third direct the parties to file motions regarding the preliminary matters, right . Email and copy to the other party. Parties to request review of the assigned commissioner determination for the process of reviewing the recommended findings of probable cause. We are voting on all 4 and taking the Public Comment on all 4 . Whats theforth one . To adopt the process that exist for the ed current prautss for recommending pc findings to adopt the current process used when you review the executive director pc determination. The same process for this instance. Got it.
Meeting remotely. Members of the public who are calling in, the number is 4156550001. Access code, 24855929788. Followed by password 7221. Press pound then pound govern and added to the pound and added to the line and listening mode only. When your item of interest coming up, dial star three to be added to the speaker line. If you dial star three before Public Comment, youll be added to queue. When its your time to speak, youll be prompted to do so and Public Comment is limited to three minutes per speaker and an alarm will sound when finished and speakers are requested but not required to statement their names. Sfgovtv, show the office of Small Business slide. Today shg well begin with a reminder that the Small Business commission is the public forum to voice your opinions and concerns of policies that voice in San Francisco. Before item one is called, i would like to thank Media Services and sfgovtv for coordinating this virtual hearing and helping to run this meeting. Call item one,
Disadvantage to the company overall. People dont forget. Cheryl thats the problem. People will not forget that. Youre advertising during the nfl draft. Youre going to get a can because a guy decides to be a girl. What did you actually do . That turns people off as well. Cheryl get back to business, businesses. Chris and krisha, stay right there. The next hour of mornings with maria starts right now. Cheryl and its time for the word on wall street, top investors watching your money. Joining me now, michael lee strategy founder, michael lee, and market strategist, Katherine Rooney vera. Mike, want to start with you, the big news this morning obviously on a monday, regulators just a couple hours ago seizing First Republic bank, agreeing to sell to jp morgan. Jp morgan will assume all of First Republics deposits and buy most of its assets. First republic is the second largest failure in u. S. History as far as banks go. The stock halted in the premarket, down almost 46 . I spoke to Odeon C
This year, and im not just talking about academy awards. Im talking about the progress that we re making after very challenging. Several years as we are bringing our Community Back after covid in the wake of anti asian hate, as we move things forward, and each of you again has been a part of that. I also want to say that San Francisco this year theres so much that we are doing to continue to anchor our status as the Asian American capital. And that includes the fact that this fall in november San Francisco is going to be the host city to apec, which is the Asian Pacific Economic Cooperation leadership summit where we will be hosting literally heads of states from countries to our east, representing where our communities came from, and its going to be an incredible moment to showcase who we are. Um. I know today were going to be acknowledging a lot of folks and shortly were going to be hearing from our great mayor. Were going to be hearing from our city administrator. I want to take a m