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Good morning everyone. Welcome to our speed was Committee Meeting of thursday, june 30, 2016. Im katie tang chair of the committee. Joined by vice chair supervisor eric martinmilius to my left melia cohen to our clerk is derek evans and from speedy sfgov tv we like to thank jim smith. Any announcements . Yes. Please sounds all electronic devices. Items acted upon today will be on the july 12, 2016 board of supervisors board of agenda unless otherwise stated thank you please call adam one item 1 [reading code] thank you. I believe we have supervisor peskins office. Thank you chairman tang and s...

Persistent low inflation we have seen. Again, the number, 91. 2 better than had been estimated. So, what are we seeing of the stock market in the meantime, we had been seen a rally already. Nothing in the number to dissuade us from the rally, bouncing back from yesterdays deutschebank induced declines. We will get more on deutsche you in a few moments. All three major averages are trading higher. If you look at the recovery we have seen, you can see it in the futures overnight. Yesterday we had a slump in stocks. That slump continued until the Early Morning hours here, and then we have seen th...

Minutes, the dow up almost 200 points. The s p 500 gaining two and higher for the week. It was a bit of a tossup which way we would end but it does look like its a positive number for the week. If this was the dows best day since september 12 and within the different sectors looking at financial and energy, those two groups leading the gains in the s p 500. It wasnt a bad week in terms of volume. You had an average of 10 billion shares. Im going to jump into what happened specifically in the stock market today, looking at a couple sectors that were the winners and losers. We will start with th...

David this is not the first time mr. Krein has not thats had to come out mr. Cryan had to come out and say we are ok. Alix it is not a liquidity issue, it is a confidence issue. That will be a key point. David we have a lot to talk about. A terrific guest to help us. We are going to be speaking live with Stephan Engels. Plans to cut almost 10,000 jobs and suspend dividends. We will be joined by steven ratner. By steve rattner. The place for the record the race for the white house. First, jonathan is here with the market. Jonathan features here in the United States, a little bit with, but the s...

State will discontinue investing in securities and stop asking the company to underwrite bond deals for a year. Largest issuer of Municipal Bonds and could cost the company millions. What is the message youre sending to wells fargo by suspending this relationship . I want to send a strong and clear message the behavior is abhorrent and they need to clean up their culture. Storied franchise grew up with the state of california and helped grow california communities but today their train is off the track. Are there criminal wrongdoings that the attorney general ought to look into. The Law Enforc...