Or an emotional toll if someone is killed in a crash help us achieve vision zero and everyone can use the streets safely. Thank you for watch and following the important driving tests your remember were counting on you good morning and welcome to the march 15 meeting of the government audit and oversight committee. My name is jane kim and im joined by our vicechairman supervisor aaron peskin and present london reed. I want to of knowledge and think our community clerk erica meijer and also think the folks at sfgov tv Jessica Larson and jim smith for the courting our meetings and making them available to the members of the public. Mdm. Clerk any announcements . Yes these make sure to sounds all the phones and electronic vices. Complete speaker cards and any documents as part of the file should be submitted to the court. Items acted upon today will appear on march 21 board of supervisors agenda unless otherwise stated thank you. Im clerk please also the matters of the committee are here.
Reed. I want to of knowledge and think our community clerk erica meijer and also think the folks at sfgov tv Jessica Larson and jim smith for the courting our meetings and making them available to the members of the public. Mdm. Clerk any announcements . Yes these make sure to sounds all the phones and electronic vices. Complete speaker cards and any documents as part of the file should be submitted to the court. Items acted upon today will appear on march 21 board of supervisors agenda unless otherwise stated thank you. Im clerk please also the matters of the committee are here. If you would call item number one and two yes item number one resolution receiving an acuity and or board for the Noe Valley Community Benefit District for fiscal year 201516s amended as required by the property Business Improvement district lot of 1994. Item number two a resolution of receiving and approving the annual report of the ocean avenue Community Benefit district for fiscal year 201516. Thank you tha
Speed on the market action. Futures are a bit firmer. 0. 3 . Market,tion in the fx the bullish dollar call. The euro is a touch solid softer. Yesterday, massive repricing. 220 on the 10 year. Alix time for your morning brief. We get weekly crude inventory for the u. S. Trading at a oneweek low. Watching that later. Speaking gothe fed a conference. 2 00, the beige book, survey of regional economies, what does it say about the reflationary theme . Jonathan do you read the beige book . David i do not. Alix i will skim it. Jonathan it is a reason it is beige. Prime jonathan Prime Minister may will take questions and later, over in the u. K. , as they will debate the call for a snap election. It was not meant to happen until 2020. Two thirds need to vote for the snap election that Prime Minister may would like. David . David Morgan Stanley was not the only Bank Reporting results. Blackrock posted better than estimator earnings. It is the cover story of markets magazine. The ceo, larry fink,
All three major averages down with the nasdaq leading, now down by mother 1 . It all has to do with concern over global growth. And to rotation of the fed minutes. The upside is that maybe with dovish representation of the fed minutes. The averages are now may be giving up their gains or getting closer to it. The yen has really been the big market story of the day. It continues to push higher to its level since october 2014 versus the u. S. Dollar. 1. 0 108. We have to look at options trading on the end. We have the highest level of in optionsf volume that we have seen since february. This is something that definitely has picked up. We have also seen a lot of folks who has been saying that the yen rally will not last. They have been giving up on that view as they have been forced into it. Alix this is the third day the s p has swung 1 . Weve havent we havent seen that since february. And gold is a beneficiary of that. Julie indeed. We have seen gold do well with once again. In terms of
Other big s p winners, general growth, regeneron pharma, wyn ddz ham and under armour. Cvs up about 900 . Priceline, chipotle and netflix. Well talk about where that goes from here. First, before we do that, lets get some other corporate headlines. This one, i dont know what you think of this one, joe, snapchat now valued at near 10 billion. A lot company, 10 billion. The number based on a recent investment in the messaging start up. The wall street journal reporting that vc cliner perkins committed up to 20 million. Among the other startups now boasting valuations of 10 billion or more. B b and uber. And payment provider square theyre also getting a valuation boost. On their way to 6 billion. That Company Reportedly in the process of raising about 200 million in cash. Square, of course, run by twitter cofounder jack dorsey. Square was valued at 5 billion earlier this year and you might recall that starbucks has an investment in that company. And then we got a little bit of media tech