President yee good afternoon and welcome to the october 20th, 2020 october 20th, 2020. Regular meeting of the San Francisco board of supervisors. Would you please call the roll. Clerk [roll call] president yee supervisor fewer will be a few minutes late and she will joining shortly. You have a quorum. President yee pleasure righe right hand over your heart for the pledge of allegiance. I pledge allegiance to the flag of the United States of america and and to the republic for which it stands, one nation, under god, indivisible with liberty and justice for all. Give me a second. I would acknowledge the staff at sfgtv and matthew two records our meetings and make the transfers available to the public online and madam clerk, lets jump into item number one Second Special order. Is. Clerk ok, the first order of business is to welcome the mayor london breed into the proceedings to discuss the questions submitted from the supervisor representing district 6 to begin the mayor may address the b
More conservative candidates have launched their campaigns to replace theresa may as party leader and become the next Prime Minister and brexit remains the defining issue. Andrea leadsom, mark harper and rory stewart are among the 10 candidates vying for the topjob. They all now face the first ballot on thursday, when conservative mps cast their votes. The result will be known by lunchtime. The candidates will be whittled down further in more ballots by tory mps, ending on the 20thjune when just two candidates remain. Then the conservative Party Membership gets its say they can vote from the 22nd june. The final result will be announced in the week ofjuly 22nd when we should have a new Prime Minister. Our deputy political editorjohn pienaar looks at their different pledges on how theyll tackle brexit. Good morning, mrjohnson. No time to talk, no time to comb his hair. The silence and that look are still working. Boris johnsons front runner for tory leader and the others are having to c
Different kind of fed narrative evolve this year. There has been some rising angst but still some cuts are on the table. There is a little bit of froth and maybe it is deserved as you see powell shipped his narrative to things that allow him to cut. The important thing is that the fed and markets are nsync after being out of sync. The fed has actually been a lot more optimistic about rate cuts over the last few years. Announcer this is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan the third hour of surveillance begins right now. Live from new york city this morning, good morning. For our audience worldwide, this is bloomberg surveillance. Your equity market and little bit softer, the headlines are solidly elsewhere. Can year yield vent new highs for 2024 and reflecting on the data yesterday, strong upside surprises for u. S. Manufacturing. One question weve all got, doesnt derail the prospect of rate cuts any time soon from the Federal Reser
Say. Nikkei did not lose. That would be war or something. Okay. Lets also take a look at europe. You see the early markets there. The dax and the cac are slightly lower. The cac is essentially flat. Ftse up. 50 . Check out crude this morning, this is going to be interesting. This comes after the largest weekly draw down in crude stocks. Crude oil was higher yesterday during the session. When that news was released after the close of the session, wti traded everyone higher in extended hours, up another 1. 8 to 46. 32. New data from the American Petroleum institute showed a surprise plunge in u. S. Crude stocks of 12. 1 Million Barrels. That would be the largest one week decline since 1985. Couple other big stories were watching this morning. Hewlettpackard noncore with british micro focus. Hp at 21. 98. This is all part of hp to try to focus on areas like storage and networking. Reporting mixed results. Firm oos Current Quarter Earnings Guidance met expectations in a program note. David
Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf