Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the market mike holland ond transports. Well get to all our reporters the dow is down 7. 25 . B bob. Important thing is the Circuit Breakers hit this morning. Down 7 . Halted for
Have had workshops and discussions i have attended some in the beginning even the 5 w of the intersection for the arts and the design they had you know invited all of the components of the jobs to Small Businesses and the affordability in the area south of market id like to see have more of this discussion because of you know the community benefits, the impacts of the benefits and the community im looking forward to hearing more of a discussion in the community and with the hopes that all of the communities needs that is impressed in all of those words of discussion will be incorporated in the overall plan of this thank you. Thank you. Next speaker. Good afternoon, commissioners my name is rudy im born and raised in the south of market city still live there i hope im not genocide by my comments im the executive director of the violence Preservation Program and the relationship ive been having with 5 m is excellent theyve support the fundraiser theyve helped us with our cap campaign and
And the staff is here for sequesters but first, well give you an overview of the property tax draw were estimating in the 20152016 a period just as i go through weve had a couple of updates so ill call those out as we go through them as an interim process putting the rock together weve got new things and updated numbers in general our p t f request is 15 million a small amount for the shipyard for the taken into consideration tax complements in mission bay and the transbay to the Transbay Joint Powers Authority and some small amazements for the consulting and the biggest item is the Housing Program in transbay moving forward with block 8 requires a significant r t p f request it is weve been uc to funding our Housing Program but now reached the point weve been drawing on the property tax to fund our Housing Program ill start with the shipyard in an overview as you recall the majority of work program in the shipyard is fund by our master developer and we do have activities funded by the
Build out for the property depending on 2 hundred percent or one hundred percent more of build out, if you will, how much does that increase the landlord promissory note profit by 137 million its a gift to the Property Owners thats whats being property by a virtual of a massive spot of up zoning well how much of that up zoning extra value are they proposing to put back into Community Benefits civic benefits could they propose to meet the thirty percent of the profits only 25 percent essentially they proposes to make the city benefit trooe fee that the 23 he Million Dollars no, thats will apply to all other central selma projects to meet the public Facility Needs but not this project do they propose to allow the space for nonprofits no, they proposes to keep the one hundred and 37 millions for themselves oneself you know how we feel like that ive got to turn that detain dont approve thathad a of that windfall should be returned to civic benefits and thats enough to have the Building Spa
For their organization. Thank you. Next speaker. Good afternoon, commissioners my name is a 58 i cant think im accident executive director he west bay its its a nonprofit that serves the filipino were located on 7 the street and recently, we serve an enabling number of families from the Africanamerican Community im here because its simple i believe that the public hearing should be detailed until after the Holiday Season weve not received the draft from 5 m even though our community has 45 thousand specifically is effected by the demonstration directly and indirectly ive requested our experienced Legal Council who paid the participation in the yerba buena to help with the draft given the long term fire chief of San Francisco and he concerns expressed by residence and supervisors and im respectfully asking the Planning Commission to provide a thirty day notice for a hearing to take place in january thank you very much. Thank you. Next speaker. Hi, im teresa im from the Veterans Center i