Matt stocks and freefall. The s p 500 sees its worst session since 2011 and the fastest stock Market Correction ever. 5 trillion in Global Market cap are erased in a week. Virus fears intensify. Cases and south korea to knock 2000 cases in south korea top 2000. Jp morgan joints citigroup and Goldman Sachs in slashing estimates for u. S. Companies, and crude slumps. Oil set for its worst week since 20 11 as well as opecs secretarygeneral says there is a renewed commitment for joint action. A report says saudi arabia wants producers to agree on additional cuts of one Million Barrels a day. Just under an hour away from what could be a bloody day of trading. Futures that i looked at were the worst since at least 2016 on the stoxx 600. Anna good morning. Is this what fear looks like . Markets down by more than 4 . You will see how much scary looking red there is on that screen. Futures in europe down by more than 4 on the cac, as you can see, and expect them to see significant losses. U. S.
The various things that they make, and i said that thats okay that we will keep selling that product. China logs the highest close since the end of april hopes rise for an end to the u. S. china trade war Deutsche Bank shares also jump as sources tell cnbc the german lender will consider up to 20,000 job cuts as part of a Major Overhaul and crude extends its gains after iran signs off on a saudi russian plan to continue production cuts, but some Oil Ministers are unhappy the decision was made without them if opec wants to be alive, should decide inside opec, not to receive their instruction from outside to bring you the latest numbers from the eurozone in terms of manufacturing pmi the month of june, final numbers, they have come in at 47. 6 that is against the preliminary number of 47. 8 and thats against the 47. 7 number we saw for the final back in may remember, those numbers are the fifth straight month of contraction factory output, new orders seeming to deteriorate steeply and th
Minutes. All righty so we shall convene the Board Meeting all right. Thank you all for coming mr. Clerk would i like to call roll please. Commissioner cohen will be joining us later commissioner meiberger commissioner bridges commissioner driscoll commissioner makras commissioner paskinjordan i believe is here commissioner stansbury a quorum is present thank you well start with the announcement first of all, we will go into closed session be our first item for the day any members of the public here okay. Good on the ground well go into Public Session after the closed session any members of the public will be letting you know well go into closed session so the chair will entertain a motion to go into closed session commissioner confirm Public Comment. With any members of the public like to comment to into closed session to discuss the matters hearing none. Public comment is closed. A vote is not required okay. So well go into executive sessions any members of the public your excused we
I believe is here commissioner stansbury a quorum is present thank you well start with the announcement first of all, we will go into closed session be our first item for the day any members of the public here okay. Good on the ground well go into Public Session after the closed session any members of the public will be letting you know well go into closed session so the chair will entertain a motion to go into closed session commissioner confirm Public Comment. With any members of the public like to comment to into closed session to discuss the matters hearing none. Public comment is closed. A vote is not required okay. So well go into executive sessions any members of the public your excused we will reconvene what w when were done if youre session. Okay good afternoon, Everyone Welcome back mr. Clerk can you tell me what item. On item 4 general Public Comment oh, yes general Public Comment how could i forgot mr. Roth man, i have a card for you were going to go into general Public Com
Within that time period. Where as San Franciscos popules is increasing at a high rate with projections over 1 million resident in future years and all those residents need open space sw recreation opportunities. Therefore, be it resolved the coalition for San Francisco neighborhoods opposes any use the palace of fine arts that is not for the primary use of use for arts, education, cultural or recreation purposes and activity as opposed the use of for profit lodging components. I have a copy of the resolution. Thank you. If anyone else would like to speak under general Public Comment. I know there is a gentlemen who is about to step in who would like to address the commissioners. Wanted to say i have never really testified before you but before i say anything else i want to thank you for helping me raise two daughters in San Francisco and say that from the bottom of my heart. Im here to again to speak for them as a soccer dad. My name is [inaudible] as i told you before. I help start a