A deal is not reach soon so christine lets talk about this a little bit so 1st on the story with the hong kong bill obviously the bill on some levels it does affect the u. S. Trying to trade talks but it seems like its more of slowing things down because it kind of sets back china in their expectations right exactly and right now its escalating into a new head and so this kind of like oh you wanted us to roll back tariffs well were not going to do that so look over here its another diversion tactic were going to focus on home call instead so this is just the u. S. And another way of exerting maximum pressure theyre back to their all tactics of exerting maximum pressure again in order to try to get a response from china because as we said last week from if you remember china was very silent about this entire thing there was pessimism they didnt think base one would even go through this or meanwhile on the u. S. Side they were optimistic markets rally everyone saying oh phase one is almo
For the century the 80000000000 dollars that the fed keeps on injecting into the market on a monthly basis so a lot of that is artificially boosted up but. Artificially boosted. From this conversation about lets bring in greg swings and he. Youre a brick mcadam and bring him into the conversation here so it seems like hong kong as were talking about here in some ways has been treated like a pawn but at the same time i think we have to be honest here that there is a certain percentage of the u. S. Senate specially that is pretty passionate about this issue of china and hong kong and autonomy so theyve made their voices heard president trouble im not sure if hes as interested in that as he is in saving face and winning phase one how do you see it. Sure well i mean i think the president s been pretty aggressive about exposing some of the problems with china so he i mean typically hes. Worried about the stock market in and day to day fluctuations but in reality hes actually been pretty agg
Financial Services Department has been granted a trust license to offer trading and custody a big point. With tell you how that may affect Institutional Investment in the grip of her got a packed show today so lets dive right in. And we begin with. Falling off a 22 month high as christine mentioned on wednesday with a bump in u. S. China tensions and fears of a possible recession are boosting a bid for bonds and pushing toward safe haven assets like gold theres a thing wall street futures were down point 3 percent to 4. 4 percent which is all from the record highs that the stock market has been seen in the last few days and weeks so what set off this tumbling of wall street futures well a couple of things one the u. S. Senate has angered china by passing a bill requiring annual certification of hong kongs autonomy and warning beijing against suppressing protesters. This senate has just sent. Resoundingly message to the Chinese Communist Party President xi that the United States stands
Of supervisors, pending two more votes. Once that is completed it will be on the ballot in november. This is really incredible given in 2015, when we had our last housing bond, it was 310 million dollars. The amount has doubled, thats really exciting. We have also talked about putting Affordable Housing in the citys capital plans. We are really planning for Affordable Housing needs as part of our overall city needs and that we are accounting for that every 45 years. When we have expanded the bond proceeds that we are in q4 coming back for the voters to fund the Affordable Housing needs that we have two meet what our residents need. The bond will Fund Acquisition construction improvement, rehabilitation and preservation and repair of Affordable Housing. The bond funding will further our offices work in meeting the need for the population of people that we care about, including persons with disabilities. It would do so by providing the funding that we need to build out all of our new con
[applause] thank you, don, and thank you for being an amazing partner in the effort to acquire welding his all over the safety to keep them permanently affordable. Because we know that having Affordable Housing isnt just about new construction, it is about making sure that we preserve existing Affordable Housing, whether its property that we built under the old redevelopment agency, that are in disrepair, or its buildings like this where we are able to acquire it through our small sight Acquisition Program so that we can keep it permanently affordable. Those are the things that are necessary to make sure that San Francisco is a more affordable place for all san franciscans of all income levels. We have work to do, folks. The good news is that in this particular efforts, they basically kept their eyes open and saw that this was an Incredible Opportunity for the small sight Acquisition Program. In fact, even though we are celebrating 86 units here, we know that number one, we have almost