Good afternoon and welcome to the regular hearing for wednesday, february 19th, 2020. I will remind members of the public we do not tolerate any outbursts. Please silence cell phones and when speaking before the commission, if you care to, state your name for the record. I see the poster boards are up but theyre blocking the monitors. So at least the one in the back should be moved so members of the public can view the monitor. Appreciate you guys going old school. Id like to take role at this time. role call . First up is general Public Comment. At this time, members of the public may address the commission on items of interest to the public within the subject matter jurisdiction of the commission, except the agenda items. With respect to agenda items, that will be afforded when the item is reached in the meeting. I had just the one speaker card. Its not me. [ laughter ] no, i know its not you. [ laughter ] its carvallo. Real quick, im from the San Francisco heritage. I just want to m
First up is general Public Comment. At this time, members of the public may address the commission on items of interest to the public within the subject matter jurisdiction of the commission, except the agenda items. With respect to agenda items, that will be afforded when the item is reached in the meeting. I had just the one speaker card. Its not me. [ laughter ] no, i know its not you. [ laughter ] its carvallo. Real quick, im from the San Francisco heritage. I just want to mention that the legacy business backlog right now is five months when a business applies to be a legacy business and theyre overwhelmed over there and i think rick could use some help. So any influence you might have to move resources to the office of Small Business to help with the legacy business program, you all know how popular it is, but we try to get a new Business Online and five months is pushing it. So thats all. Thank you for any help you might give. Thank you. I am from the mission district. I came he
We are live in brussels. Manus warm welcome to daybreak europe, from london and abu dhabi. One thing we have to get our heads around, have we got a little overly exuberant about riskon a little too soon7the world bank comes out with their growth report. Looking into the depths of it, it is a world we havent seen since 1990. China, under 6 growth. Nejra good morning, and great to see you. We got factory numbers from germany causing some concern. The eurozone, another flashpoint. Going back to jim littell risk, geopolitical risk, it looks like for now we will not see further escalation between iran and the u. S. , but the risk of proxy war is still there, and as the investigation happens into the boeing crash as well, if that becomes a clinical headache for iran you wonder if they could feed into wider risk in the region as well. Manus yes. The question for markets here is whether there will be plentiful supply. Headlines,e, red well delve deeper shortly. Innate pharma, a big miss. The m
Stronger then expected. It is year on year for the month of december. In terms of fixed Asset Investment, we are looking. Investment for december. Context stabilizing. Of the early indicators are looking robust. Of course, some of at the localimulus government level, supporting fixed Asset Investment. We are looking at the bottom of this slow down. Lets send it to our next guest. Next guest. Theuse i would say that december number was picking up further. Especially with the help of more , i would say that we are turning more bullish. It is the secondbiggest in terms of growth over the last two years or so. Can you elaborate . We have seen that ip demand picking up. More demand coming out from southern china. Been drier than usual. People are waiting to frontload some of the orders, particularly early this year. You probably need to get most things done in the fourth quarter. Into the first quarter, we saw demand and names holding up pretty well yvonne . Retail sales have held around 10
In the media are trying to build up because they would love to see a recession. We are very far from a recession. Asus italian bonds rally the Prime Minister resigns, blaming matteo salvini. Boris johnson will talk brexit with Angela Merkel. We speak to the German Economy minister. So what is the big market event . It is the 30 year bond auction. 30 years the duration. Already trading at negative. What will the appetite be for 30 year paper . 2015, there was a buyers strike. That could be the risk. The reason i focus on the difference, last week with there was talk of fiscal stimulus. That backed up longer dated yields in the United States. It was the tail that whacked the dog. The german bond market move the u. S. Treasury market. We have had near record low rates of oversubscription in july. The past three options, feeling, feeling. We will bring you the data. Have a look at wti. What is the big driver of Market Sentiment donald trump talking about tax cuts, talking about tax cuts, n