Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba
And Committee Room are closed. However, members will be participating in the meeting remotely. Committee members will attend the meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on the agenda, both channel 26 and sfgov. Org are streaming the number across the screen. You can call in via phone, calling 4156550001. The meeting id is 146 308 2077. Then press pound and pound again. When connected you will hear the meeting discussion, but you will be muted and in listening mode only. When your item of interest comes up, press star three to be added to the speaker line. Call from a quiet location, speak clearly and slowly and turn down your television or video. You may submit Public Comment by emailing it to myself. If it will be forwarded to the supervisors and be part of the official file. That concludes my comments. Thank you very much. Can you please call item number 1. Yes
Administer chinas takeover of hong kong. Blake burman is at the white house as we await the president s remarks. What are you hearing from the folks at the white house about what hell be telling us . Reporter the president will be making remarks about china upcoming at what is billed as a press conference from the rose garden which we expect to hear from the president moments from now. You mentioned that reuters report about hong kong and the autonomy act that was passed by congress. Keep in mind one thing on that, the president that was signed, or passed, rather, by both the house expect senate, overwhelming support. Earlier this month. Without getting too granular, the way that it works the president has to sign that into law or at least take action on that give or take within ten days. That puts the clock at about that time that the president would have to take some sort of action as today on the hong kong autonomy act which would call for sanctions on certain individuals that the p
Welcome to the july 20, 2020, meeting. With me is vice chair stefani and gordon mar. Our clerk today is victor young and i would like to thank sfgov for staffing this meeting. Mr. Clerk, do you have any announcements. Yes, to protect board members, City Employees and the public, the board of supervisors and Committee Room are closed. However, members will be participating in the meeting remotely. Committee members will attend the meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on the agenda, both channel 26 and sfgov. Org are streaming the number across the screen. You can call in via phone, calling 4156550001. The meeting id is 146 308 2077. Then press pound and pound again. When connected you will hear the meeting discussion, but you will be muted and in listening mode only. When your item of interest comes up, press star three to be added to the speaker line. Call fro
Unified parcel tax or city college parcel tax. With the School District there is a Program Available for seniors to be exempted from paying that tax if you live in the property or if you own that property. It depends which ballot measure it is. We encourage seniors to reach out to make sure you apply if you are eligible. That can save you Something Like 2 to 300 annually if not more. That is meaningful for many individuals. I think that is it in terms of property taxes, how it would work in terms of covid19 and savings available. Individuals over 54 and people have asked if i am over 54 and want to keep the tax basis and consider moving out of San Francisco, what are the criteria . Shannon, this is a property tax question for me. I will share it quickly. This is a question about can i transfer protected base value to another county. There are two programs available. First is an intercounty program. People living in San Francisco. It is called prop 60. The way that would work is essenti