Indicated up about 40 points yesterday, we did see compressed yields higher prices for treasuries 10year at 1. 36 the twoyear at 1. 7 in japan, the nikkei falling over 300 points. The bond market won, so we are going to have our friend on today. He always says it is going to be because of slowing growth. He seems to get a little bit serandipitus about it. Ill give him credit. The slowing growth caused whatever caused the slowing growth gold is up. Stock market ignores things until it doesnt hope depot might help. Stock called sharply higher after reporting better than expected results i got a 242 bid, 242. 50 bid now. Right . 228 is 18 cents above estimates. Whatyou are seeing there does not reflect what we are seeing samestore sales up 5. 2 , which is strong. Consensus is at 4. 8 home depot announced a 10 increase to 1. 50 a share you can figure out the yield will double every seven years. Joining us with immediate reaction, the bottom line beat is big the samestore number is better.
I want to be under time. Okay. Well, i might go a little quickly. Supervisor chiu, supervisor avalos, my name is josh chen, [speaker not understood], im president of [speaker not understood] lbe subcontractor that does do construction. I just have a few points to make. One is about the agency the Department Needs to be held accountable. Just to give you a state of the union what is going on on the ground, ive seen some 0 requirement, 10 , some like goals. If they dont meet the goals, hard requirements. If they dont immediate the hard requirements. Were asking for a stronger lbe program, some repercussion for agencies when they dont meet the requirement or goal. Weve done work and oakland in other locales. Their lbe requirement is a hard 50 lbe requirement for local lbes of oakland. That gives you a comparison to inconsistency in ag is. What eric said, it is a good ordinance. It definitely helps lbes, but some time the bigger contractors will go right to the unions and to the local resi
Practices of the recent past are behind us. The overarching inquiry is whether or not the current law remains fit to assure not only equal opportunity and not the convenience of bureau cats, and also how you as supervisors can measure progress. How do you define progress . And what are the systems of public accountability to make sure that we dont have this big lapse that weve had . You know without data there is no accountability. So, what were trying to do here is make the law work for everybody. This is a collaborative process and we look forward to working with you as well as the other members of the city family. So, thank you very much. Thank you. I have called up a number of names. If folks could line up on the righthand side of the chamber, and let me continue to call other names so that we can get the flow going. Mr. President , you have a copy of extended opening statement, id like to lodge with the clerk. Absolutely. Copies for you. Okay. Lets hear from our next speaker, mr.
Is there a time here . I want to be under time. Okay. Well, i might go a little quickly. Supervisor chiu, supervisor avalos, my name is josh chen, [speaker not understood], im president of [speaker not understood] lbe subcontractor that does do construction. I just have a few points to make. One is about the agency the Department Needs to be held accountable. Just to give you a state of the union what is going on on the ground, ive seen some 0 requirement, 10 , some like goals. If they dont meet the goals, hard requirements. If they dont immediate the hard requirements. Were asking for a stronger lbe program, some repercussion for agencies when they dont meet the requirement or goal. Weve done work and oakland in other locales. Their lbe requirement is a hard 50 lbe requirement for local lbes of oakland. That gives you a comparison to inconsistency in ag is. What eric said, it is a good ordinance. It definitely helps lbes, but some time the bigger contractors will go right to the union
Without following proper procedures. These actions have been communicated to the cmd and we [speaker not understood] but this is a slow process. Every step of the way this company has worked against us and not with us threatening my companys existence. I have never felt like we were a partner with them, but somehow we were just a competitor. What im saying is that i think 14b needs some teeth, some Enforcement Mechanisms, and opportunities for lbes but protect local businesses from look nonlocal contractor threatening taking over at first chance and potentially driving lbes such as mine out of business. I believe the intent of 14b in the citys leadership is [speaker not understood], but without protections more lbes will be at risk from home who bring in smaller contractor to bring in what they see as the work. Thank you. Thank you. Next speaker, please. My presentation is in the form of a letter and i have copies here for all of you. Thank you, president chiu, for giving us this oppor