Staff and short of resources to need in a normal time to have responded to quickly and to work so closely in coordinating with all of the different departments under the leadership of mayor breed. And i think across the country of all of the different places and the tragedies that many of our vulnerable population and community are experiencing, i just wish that there was a way to transport the kind of leadership in community and sense of common good that we have here in San Francisco. Even with all the questions and all the kind of wanting to be better sentiments that are expressed by many of our advocates. I do feel that San Francisco is most fortunate. Words cant quite express, but again, justice want to express thanks and gratitude, respect, and i know that we have a lot more to go. A lot more road to go and we will be there. We are all in this together. A commissioner green. Yes. It was said so eloquently by all of you. I am on the front line. I am in the hospital every day. And t
And we ask for your understanding and patience as we all work through this new way of working together. If we havent done so already, im going to ask all members of the board to mute themselves to minimize background noise. Board members will have to remember to unmute themselves to comment and when the roll call votes are held. Theres staff in the background who will be managing the technological functions throughout the meeting so we can move to whoever is speaking throughout the meeting. Again, we ask everyone for their patience as we make these adjustments. Lastly, we want to thank everyone who has made these meetings possible, including darlene, jay huish, and staff members, as well. The board appreciates [no audio] and we will begin the meeting. We will start with the roll call. [roll call] we have a quorum. Item number 3, communications. Item number 3, communications. Due to the covid19 and to protect the public, the meeting room is closed. However members will be participating
Welcome to the exchange, everybody. Im kelly evans. We just heard from fed chair powell speaking at the Economic Club of new york for about the past hour or so. We saw yields initially moving lower from their 16year highing and then reversing higher again. The former dallas fed president is here with me. He says the bond market has stepped into the drivers seat and powell aint in charge any more. Well get he is reaction in a moment. This afternoon, we have seen the dow hanging on to a gain of 111 points, up a third of a percent, up a quarter percent for the s p. Up a little less than that for the nasdaq. Over in the treasuries, thats where the action is. The tenyear yield during powells q and a portion hit 4. 996, thats how close we got to piercing 5 on the tenyear. You can see the 30year above that level, as well. Oil was lower earlier on, on that news of the u. S. Lifting venezuelaen sanctions. Thats a 2 3 percent gain. Gold as well, now turning higher by half a percent. Lets get mor
Break for the middle class. All it does is provide benefit to corporations some say. Well sit down with one congressman about what he thinks about the proposed plan among other plans. And fire crews preparing for an increased chance after a big fire broke out in the week up in the oakland hills. High winds and low level have prompted a fire watch and mark tamayo is in for rosemary. This is the time of year where you would expect that. You can expect high fire danger. That fire weather watch has been extended. It was supposed to expire sunday morning but it has been extended into sunday night. Heres the plan, heres our live camera towards San Francisco. Already the clouds clearing out and will be a little bit warmer after having some stubborn overcast. Headline, a bit of a breeze. Coastal temperatures, around the bay, lower 70s this afternoon. Clearing skies up and down the coastline. The main reason, we have a pretty good northerly wind. Lets check in on some of the current wind speeds
This is real money. Thats our big concern. As i said, we continue to work with mr. Emerson to see if we can find something that works for lenders like him but that dont fuel the increasing cost of Title Insurance which is too high for home buyers. Recently i met with a group of missouri bankers who came to my office after they had been to visit some representatives over in their building and my bankers were talking about things that were talking about this morning. Qm rule. They were told by the representatives that they were the 41st group to meet with them and basically the gist of the conversation at the end of it was that thank you for coming. We know more about the effects of whats going to happen to the bo borrowers, lenders and market than you do. As a result of that, a number of my delegation members wrote to the director and he responded back to us and madame chair, i would like those two letters made as part of the record. Without objection. In the letter the director indicat