Still not many people. We will be tracking this story throughout our three hours. Nearly half a Million People will be returning to work in the city. And they are returning to work, by the way, to a city whose mayor is pushing to defund the Police Department in the wake of the george floyd protests. A lot of pushback on this, as you can imagine. We will get into it. Including from the president. He tweeted this just moments ago. Law and order, not defund and abolish the police. The radical left democrats have gone crazy. And Hillary Clinton, by the way, well, shes had another deplorables moment when speaking about trump reporters and we will have that for you as well. Im Ashley Webster. The big story for dyou today on monday, the markets pointing upwards. Varney Company Begins right now. This will go down in history as the biggest positive data shock for the markets and the economy. Its some combination of an incredibly resilient economy thats bouncing back, the impact of government me
Okay, good morning everyone, welcome to the june 16th Committee Meeting of the Treasure Island mobility management agency. Madam clerk, would you please call the roll. [roll call] mandelman absent. Mandelman present, we have kwur corium. Great, would you please call the next item. Chair, may i make an announcement about Public Comment . Yes, please. Thank you. Public comment will be available for each item on this agenda via telephone by calling 8882045987. When prompted entering access code 2858465 as seen on the screen. Then follow the system prompts. Once you join, you will be able to listen to the meeting as a participant. If you wish to speak on an item, dial 10. Each caller will be allowed 2 minutes to speak. When your 2 minutes are up, we will move to the next caller. Best practices is to speak slowly, clearly, and turn down the volume of your television or radio around you. Please allow for audio visual delays and the 30 second lag time during the course of the meeting. The nov
Announcer sfgov tv, San Francisco government television. Good morning, everyone, everyone. The meeting will come to order. This is the june 10th, 2020, regular budget and Appropriations Committee meeting. Im sandra lee fewer, chair of the budget and Appropriations Committee. Im joined by Committee Members, supervisor shamann walton, and rafael mandelman, Hillary Ronen and northerlienorman yee. Clerk yes, madam clerk. Due to the Health Emergency and to protect board members, and the public, the board of supervisors legislative chamber and Committee Room are closed. However, members will be participating in the meeting remotely. This caution is taken pursuant to the various local, state and federal orders, declaration and directives, Committee Members attending the meet through Video Conferencing and participate in the meeting to the same extend as if they were physically present. Public comment will be available on each item on this agenda, both channel 26 and sfgovtv. Org. Each speaker
Public who wish to address the board. My mistake. Open up for Public Comment on this item. To the amended minutes that were recirculated from may 19. Members of the public who are watching this meeting via sfg tv who wish to address the board call 8888086929 and press 9961164. All right. We will wait a moment to see if there are members of the public who wish to address the board with respect to the amended minutes of may 19. Director borden, put yourself on mute. All right. Moderator is telling us there are no callers. Seeing of no callers s the floor closed officially . Yes, madam chair t moderator will close Public Comment for the minutes. And there is still a roll call vote on the minutes . A yes, madam chair. Director borden. Aye. Director brinkman . Dr. Brinkman, unmute. Aye. Dr. Eaken . Aye. Heminger. And that is approved by unanimous approval. Item 5, communication. Before i get into the extensive directions here, i just wanted to say a few words because we are coming together
Planning to sell bonds and admitting gdp targets this year stemming from uncertainties due to the Global Pandemic. Ourinda lets get to markets, anger markets coanchor Tom Mackenzie in the forbidden city. China dropped its gdp target for the First Time Since 1994. That is significant. Tom it is. Our bloomberg sources expected they would do this, but the economists werent entirely sure. They have dropped the gdp target completely, facing up to the economic reality. This was the result of the coronavirus. You saw First Quarter gdp in china drop. Surveys suggest you will get 1. 8 growth for 2020. They are giving themselves space to react to this virus and put a floor under Growth Without tying themselves in knots over an artificially high gdp. High gdp target. Stimulus was a focus for investors. You got that line about the special government bonds quoted at being raised to 3. 7 5 trillion yuan. Alsoeficit target as well when you think about stimulus, you want to think about the deficit tar