France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Look at the really disinflationary dampening you are seeing in the bond market. I dont want to make a big deal about it, but yield gives way to lower yield. Im looking at fiveyear, fiveyear breakevens, and there is a little bit of an ebb, an increase in the disinflationary tendency. That claimsort number at 8 30. Francine a really important one, and we have some great interviews coming up from the Bloomberg New Economy Forum focusing on health today. A conversation also with bill gates. Lets get to first word news in new york city with ritika gupta. Ritika joe biden warns that the delay in starting the president ial transition could set bet the effort to distribute the coronavirus vaccine. Could setback the effort to disturb the coronavirus fencing. Trump thent Trump Administration is being urged to begin working with biden. Wisconsin Election Officials have ordered a partial vote recount that was requested by the top by the trump campaign. There will be recount in two heavily democrat
Milestone, u. S. Deaths topped a new milestone as new york city closes schools again. Germanys finance minister tells bloomberg taming the virus is critical. E. U. Leaders will attend make a veto that threatens from hungary and poland. France says nations could be cut out of the rescue plan all together. Chinasy pledge, president xi jinping says the nation wont engage in decoupling, saying its policy of opening up wont waver. It comes after the u. S. And the u. K. Called for beijing to honor its commitments on hong kong, citing serious concern. Its just gone 6 00 a. M. In london, 7 00 a. M. In germany. Bad news coming, 11,000 jobs to be cut from the business. Of justlow the estimate over 30 billion. No room for a dividend this year. The banks dividend has been restrained. You think about it, this is a disastrous year for steel. The future is unclear. We are grappling with rolling lockdowns and interruptions around the world. Recovering, but the reality of europe and the United States i
Announcer sfgov tv. San francisco government television. Good morning, everyone. The meeting will come to order. Welcome to the june 8th, 2021 meeting of the rules committee. Im so sorry that we started late this morning. We were having difficulty with Public Comment. And i just want to advise any member of the public who is listening in, if you want to be included in the queue to be a speaker in Public Comment please press star three. Its a little different than other meetings. This time you press star three. Ill remind you when we get to Public Comment each time. Im supervisor hillary ronen, chair of the committee. With me on the Video Conference is supervisor catherine. Supervisor stefani and were joined this morning by supervisor Shamann Walton perform our clerk today is victor young and i would like to thank sfgov tv for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Before we get started, id like to ask that anybody thats not a member of the committe
San franciscans and our city safe. I also want to thank our city, our coordinating pardtners and organizations who continued to protect our businesses and community as a whole. Finally, i want to remind everyone that we do continue to be in a significant and very Serious Public Health emergency response, and so therefore, we urge everyone to continue to practice the mitigations and safe practices to protect yourselves and others, and this includes Wearing Masks and maintaining distance whenever possible. Finally, i am going to introduce our chief of police, bill scott. I want to thank chief scott for his leadership and for the leadership and work of his his officers and the department over the last few days to help maintain safety and calm in our city. Chief scott . Thank you, mary ellen. I am chief scott of the San Francisco Police Department, and i, too, want to thank mayor breed for her leadership in doing this during a time that weve endured over the past couple of months. To go an