Mayor breed and the governor looked at the restrictions and the meet is held the conference and televised by sfgov. Tv. For those watching the live stream be aware theres a brief time lag between the live meeting and what is being viewed on sfgtv. Id like to extend thanks to the staff and i. T. Staff for their assistance during the meeting. Id also like to note on the published agenda there was an incorrect dialin number for this meet. The correct dial in number is scrolling on the live feed. If you wish to make Public Comment on an item call the number. Before you have the minutes of july 28. Are there corrections or additions to these minutes. Seeing none id like to open it up to moller caen are there corrections or are there comments. Please press pound, pound to speak. Are there any callers. Theres one caller with their hand raised. Ill unmute them now. Speaker you have two minutes. Clerk this is regarding the minutes. Mr. Moderator are you still there . Speaker, if you can hear us
We have a quorum. Very good. Secretary can you please make the announcement. Mayor breed and the governor looked at the restrictions and the meet is held the conference and televised by sfgov. Tv. For those watching the live stream be aware theres a brief time lag between the live meeting and what is being viewed on sfgtv. Id like to extend thanks to the staff and i. T. Staff for their assistance during the meeting. Id also like to note on the published agenda there was an incorrect dialin number for this meet. The correct dial in number is scrolling on the live feed. If you wish to make Public Comment on an item call the number. Before you have the minutes of july 28. Are there corrections or additions to these minutes. Seeing none id like to open it up to moller caen are there corrections or are there comments. Please press pound, pound to speak. Are there any callers. Theres one caller with their hand raised. Ill unmute them now. Speaker you have two minutes. Clerk this is regarding
Permeate. It has largely been driven by the concern that we dont have a handle on the virus and we dont have a handle on a solution for this difficult situation we are now seeing involving washington. It doesnt seem to be at the moment a landing zone for the democrats and the republicans. They are significantly far apart. The fact that you heard such partisan briefing suggests we are no closer. Thender at some point markets will have to shift from focusing on the dollar to shifting to other Asset Classes as well. That has been something we have been watching very carefully over the last few days. We have been watching carefully what has been happening in europe. Offpean equities are sold because of the resurgence in the virus count. That doesnt make sense if you believe that we are going to see a story developing in the United States. We will try to get an assessment of what is happening with the economy throughout the program as we continue to watch what happens in the United States.
Be risk on. The cash trade, less than an hour away. Here are your headlines. Big attack its even bigger. Alphabetacebook, and tune to techsumers to solve the problems of a global lockdown. The French Economy shrinks 13. 8 or after an increase in jobless claims shows the recovery is in shaky ground. Ibar, bnp arab are par beats all but one of the big wall street banks. Just an hour from cash trading. Lets look at futures. Futures futures, u. K. Are down but only slight moves. Nothing material. Nothing to show us what kind of direction we can expect. Futures right ww, if you take a look at the eif screen, also slightly mixed this morning. Of working slew earnings news. I will kick it off right now with natwest. Impairment charge of 3. 54. 5 billion pounds. Expecting less than one billion. In the Second Quarter, more than doubled the impairment charge for the full year. The company expecting at least possibly up to 4. 5 billion. The operating lost was 770 million pounds. Have iag asyou we
Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon