All right good morning, ladies and gentlemen, it is good to see you this morning, my name is malia cohen you have joined us on the regular meeting of the budget and finance committee, and i am the chair of which knit i committee and to my right is supervisor norman yee and katy tang and the clerk is linda wong and i would like to thank and acknowledge sfgovtv for broadcast thanksgiving methis meeting for us. Please silence your phones, and files to be submitted items today will be appear on the january, 31st, agenda, unless otherwise stated. . Ethank you very much, ladies and gentlemen just for your edification today is my first day of budget chair and so bear with me if i stumble and it is a privilege to serve San Francisco in this cape capacity. Could you call item . Resolution retroactively authorizing the San Francisco department of Public Health to accept and expend a grant in the amount of 367,968 from California Department of Public Health to participate in a program entitled ca
And files to be submitted items today will be appear on the january, 31st, agenda, unless otherwise stated. . Ethank you very much, ladies and gentlemen just for your edification today is my first day of budget chair and so bear with me if i stumble and it is a privilege to serve San Francisco in this cape capacity. Could you call item . Resolution retroactively authorizing the San Francisco department of Public Health to accept and expend a grant in the amount of 367,968 from California Department of Public Health to participate in a program entitled california project launch for the period of december 1, 2015, through june 30, 2019; and waiving indirect costs. Thank you. First we are going to hear from miss diane besum and followed by mr. David bell from the department of Public Health to speak on this item. Are you both here . Good to see you, the floor is yours. Thank you, i am the director of Public Health nursing in the San Francisco department of Public Health and maternal child
Approval with possible modifications of the meeting set forth below, regular meeting of april 14, tweplt 16. I move to approve. Theres been a motion to approve the minutes. Second. And its been properly seconded. Any comments from any of the commissioners . Is there any Public Comment . Seeing no Public Comment, we are now ready to vote. All those in favor signify by saying aye. All those opposed . Motion is carried unanimously. Item 2, general Public Comment on matters within the boards jurisdiction not appearing on todays agenda. Is there any general Public Comment on matters not i stress not appearing on the agenda . Seeing no Public Comment, we will now proceed. I am going to claim the privilege of the chair and move the president s report from its regular order to now. There are a couple things that i want to say and i thought that would be the appropriate forum and if i waited until after the next regular agenda item, they would be superfluous. For some of you they may be superfl
Regionally, we are seeing stocks. Ome off threeyear lows thailand, just coming online, up by 9 10 of 1 . Its a bit of a combination of two things to disappointing gdp. Oming out of tokyo also the topics in particular, the automakers. We are seeing strong gains in the energy space. We had that 11 surge on friday, which drove gains across u. S. And european markets. We are also seeing milk producers, the likes of frontera, joining games after those numbers out of china came in better than expected. We have had the really disappointing read on china trade numbers. About 0. 5 . Down by this as valuations continue to be high, in particular in comparison to the rest of the emerging markets, and also the divergence between hong kong and widesti stocks, the since about 2009. That is driving gains in hong kong and the selloff on the mainland. Shery a day of dramatic headlines with china dominating the news. We are going to take a look at the pbocs comments on the yuan. First, i want to bring in
We call it trough. The concept of trough is one i want to introduce you to tonight. It means the revenue and profit numbers that these companies that have been going down down down for ages have most likely bottomed. Going up yet again today. Nasdaq declining. 40 . Another story. How can you tell the trough which is the key to buying the stock at the right time. How do you know youre at a trough. Now, something i learned at school. When im confounded by difficult questions like this, i always like to default to my betters, to someone who knows more than i do. Namely, tina turner, says theres two ways to get the job done. You can get it done the rough way or the easy way. Unlike tina who says, we never do nothing nice and easy, we do it nice and rough. The chatter tells me whether weve hit trough numbers. Were going to do the finish rough. Never losing a minutes sleep. This morning Goldman Sachs, i used to 12 for the man. Reported numbers looked horrendous. There were no big wheels turn