Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
Commission meeting for tuesday august 18th. We will call this meeting to order. Will you please call the roll. Yes, commissioner bernal. [roll call] commissioner chow is supposed to be here. I thought he was on but he is not. Mikaela, can you share that slide right now . Im going to pop up the Public Comments slide so that everyone on can see how to make Public Comment. Theres a few people on and i want to make sure everyone knows. Give me one second and ill pass you to ball. So, the phone number for Public Comment is 415 6550003. The access code is 133 1902636 and press pound twice to get on the line. When you are on, if you would like to raise your hand for a specific item, please press star 3. When you get on the line, you press pound twice and then star 3 if you would like to raise your hand for an item and well talk about the comments for each item. Commissioner bernal, would you like to move forward with the approval of the minutes or wait for commissioner chow . Commissioner bal
Is he dialing in now . I will call. And i apologize. No problem. Well give him 30 more seconds. Thank you to dph staff and everyone making this meeting possible by webex. Commissioner bernal thank you. Before we move onto the approval of of the minutes, i want to share with the commission, with dph staff and all those watching as members of the public, that as you know, we are under an excess i have heat advisory and there may be rolling blackouts in San Francisco, the beginning as early as now 4 00 p. M. In San Francisco with an anticipated restoration of power around 7 00 p. M. We dont know exactly when this will happen or if it will happen or what areas of San Francisco will be affected, we do know about 103,000 customers accounts will be impacted by this. I know director colfax will talk about dphs response to the heat advisory during his remarks and i want to assure the commission and members of the public the Health Department will be monitoring the heat situation and take all ap
Maybe some of these positions wont be necessary. I do not support layoffs this year. Supervisor walton, how do you feel about supervisor ronens proposal. We are hearing from supervisor yee and mandelman that they are opposed to layoffs but open to putting money in the second year on reserve. Excuse me, you are on mute. I am definitely open to putting 7 million on reserve for the second year. Again, it is hard for me at this point. Not an impossibility without knowing the officers it is an issue now. What you are hearing there is an appetite to put money the second year on reserve, not for layoffs. Chief, what you have heard now is that what we are saying is that we are thinking a substantial amount of money on reserve the second year. This committee is opposed to the layoffs. If we put reserves amount of money on the second year, colleagues, we would put it in budget and finance reserve, is that correct. Yes, that is. I think we have a proposal on the table. We are looking at superviso
Commissioner chow is supposed to be here. I thought he was on but he is not. Mikaela, can you share that slide right now . Im going to pop up the Public Comments slide so that everyone on can see how to make Public Comment. Theres a few people on and i want to make sure everyone knows. Give me one second and ill pass you to ball. So, the phone number for Public Comment is 415 6550003. The access code is 133 1902636 and press pound twice to get on the line. When you are on, if you would like to raise your hand for a specific item, please press star 3. When you get on the line, you press pound twice and then star 3 if you would like to raise your hand for an item and well talk about the comments for each item. Commissioner bernal, would you like to move forward with the approval of the minutes or wait for commissioner chow . Commissioner ball do we have a quorum . We do. Is he dialing in now . I will call. And i apologize. No problem. Well give him 30 more seconds. Thank you to dph staff