Carol and lynda wong will provide Technical Expertise and backup. Any announcements . Yes, please silence all technical devices and cell phones. Items acted upon today will appear on the april 25th board of supervisors agenda unless otherwise stated. Thank you. Call first item. Clerk resolution designating those agencies qualified to participant in the 2017 joint tbund raising drive for officers and employees of the city and county. Im joan letter, mesky. Weve reviewed all seven applications and find them all to be in compliance with the administrative code. Do you have any questions . That was a quick presentation. Okay. Thank. Lets see. Colleagues, any other questions . Questions . None . Okay. Well, sthawrchg. Well go to Public Comment. Ladies and gentlemen, this is time for Public Comment where you have two minute totion speak. If anyone would like to speak, please come up. Seeing none, Public Comment is closed. Colleagues. Ill makes a motion to send item one to the board with reco
Phone of shooters, it is now to help unlock other phones. In the south this morning tornado touching down in oklahoma last night. More severe expected. We will have the forecast for you. Markets, final trading day of the First Quarter. Shanghai composite up a fraction, most of the major averages lower, however, in europe we have across the board this morning. Oil prices are falling. Dax index down between twothirds of a percent and more than 1 in paris. Futures this morning look like this. The Broader Market expect today open lower today. 27 points on the dow, nasdaq s p also weaker this morning. We are looking at modest declines at the open at this point. Checking firstquarter performance, dow up 1. 7 . S p 500 just shy of 1 . Nasdaq the loser of the year, up nearly 3 . We are looking at the winners and losers. All this coming up this morning and here to break it down with me fox business Dagen Mcdowell and michael block, good to see you guys. We have a lot to talk about this morning
Mean big gains for democrats in this years elections. Market makers in new york city. Super bowl time for us. They earnings. Nobody loves banks more than a eric and ive. We have heard from jpmorgan and wells fargo, two very different stories. Scarlet fu is in the newsroom to break data numbers. Jpmorgan, their three year streak of record earnings has come to an end because a lot of onetime items. There is a settlement tied to bernie made offs ponzi scheme. Analysts like to call it a noisy quarter when you strip out some of those onetime items, jpmorgan reported a profit beat of the dollar or descends us versus the consensus of 1. 37. They profit beat of 1. 40. A rain check on commenting whether they would have a decline in earnings. What we learned from the Earnings Report in the Fourth Quarter of the treaded friends continuing to improve at jpmorgan even though trading revenue and equities did mi mis. Investment banking fees were higher than anticipated thanks to an increase in ipos a
Chart shows you this list are all of the legislative changes that have been effectuated just in the last year. Basically you guys are killing us. Not without very good cause, mind you. Now, some of these initiatives are not going to require a tremendous amount of additional work for rent board staff. The more or come on condo conversions will require no work on our part. Every other piece of legislation requires some additional effort on the part of rent board staff ~. It can be a database search for [speaker not understood] eviction notices. It can be a report to planning. A lot of them are hearings, will result in additional hearings. So, basically what we think is that due to the current state of the rental market and the shortage of housing for the foreseeable future we will anticipate [speaker not understood] recovering local economy. So, bring it on basically, but we are asking for additional staff to be able to deal with the effects from the impacts of all of this additional leg
Us. Not without very good cause, mind you. Now, some of these initiatives are not going to require a tremendous amount of additional work for rent board staff. The more or come on condo conversions will require no work on our part. Every other piece of legislation requires some additional effort on the part of rent board staff ~. It can be a database search for [speaker not understood] eviction notices. It can be a report to planning. A lot of them are hearings, will result in additional hearings. So, basically what we think is that due to the current state of the rental market and the shortage of housing for the foreseeable future we will anticipate [speaker not understood] recovering local economy. So, bring it on basically, but we are asking for additional staff to be able to deal with the effects from the impacts of all of this additional legislation in conjunction with our increased work load. So, the net result of this in terms of the impact on our budget is a 6. 3 increase this