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Good afternoon and welcome to the march 12, 2024 meeting of the San Francisco board of supervisors. Madam clerk, please call the roll. Thank you mr. President. Chan, present. Dorsey, present. Engardio, present. Mandelman, not present. Melgar, present. Peskin, present. Preston, present. Ronan, not present. Safai, present. Stefani, present. Walton, present. Mr. President , you have quorum. Thank you madam clerk. Colleagues, can we have a motion to excuse supervisor ronan . Made by supervisor walton and second by supervisor melgar and we take that without objection. Supervisor ronan is excused. S...

Want to share with you. This morning. One being that san franciscans are showing new signs of optimism and our city no doubt faces serious challenges from the pandemic, Public Safety concerns and negative media. But despite all that, we saw a slight increase in the voters who think that the current Economic Conditions are better than a year ago. This is a very important. Thats right. And not only that, san franciscans are more optimistic about the state of our city, but they are ready to take action. Well dive into the poll results later. A bit later on. But one thing is clear San Francisco vo...

Negative media. But despite all that, we saw a slight increase in the voters who think that the current Economic Conditions are better than a year ago. This is a very important. Thats right. And not only that, san franciscans are more optimistic about the state of our city, but they are ready to take action. Well dive into the poll results later. A bit later on. But one thing is clear San Francisco voters are supportive of taking action at the ballot for a change in our city, especially when it comes to making it easier to do business and increasing public safety. Im confident that 2024 will b...

Are at levels above 460 once again where we started last week. The 10 year yield is at 418 and much more Economic Data and this week before the fomc next week. On the equity side, looking at the biggest losers, nvidia, apple and tesla are dragging the index lower. Dollar tree shares are having the worst day in nearly a year after announcing plans to shutter about 1000 stores in an effort to improve profitability. Valero Energy Continues to rise ever hitting a record high yesterday with energy the best performing sector in the s p 500 today. Earlier today, former new york fed president bill dud...

Coming up, a hud payrolls number is met with cool wages and report spurs investors to lock in the rate cut. With all of the focus on the fed , credit issue it sets another record. We begin with the big issue. Fed watchers soak in the data. This is an ambiguous report. A positive story. Jobs numbers have exceeded expectations consistently. This economy is not as fragile as people think. Labor Market Holding up. The market will interpret this as good news. The soft landing is priced in. You have to take the fed at its word that three cuts is probably the likely place. It is still a solid economy...