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[gavel] good morning everybody and welcome to San Francisco board of supervisors budget and finance Committee Meeting for wednesday june 22, 2016. My name is mark farrell im sharing this committee. Im joined by supervisor katie tang and norman yee and jane kim. Scott weiner is joining shortly. I want to thank linda one clerk of our committee as well as sfgov tv for covering todays meeting. With that mdm. Clerk any announcements yes. Please silence all cell phones electronic devices. Complete speaker cards thank you city manager please call item number one item number one is the hearing on the ...

Give a warm welcome to mayor ed lee, San Francisco Unified School District [inaudible] and mayors 2016 teacher of the year award winners. Mr. Mayor. Thank you runel you are such a lead er in our community. Thank you to the San Francisco ginets and all of you who support the teacher. I want to thank deputy superintendent gureeo, the supporters and principle of the year awardees joining me to honor this years winneroffs the mayors teacher of the year award [applause] it is my pleasure to acknowledge and honor the dedication of our sue purb Public School teacher ez in San Francisco. The 5 teacher...

City manager please call item number one item number one is the hearing on the citys financial position and requesting the mayors budget director and the controller to report thank you. This item will be continuing all the time in case something comes up we have nothing in today so i will continue this item. With that will first take Public Comment. Anyone wishing to comment on item number one . Seeing none, Public Comment is closed. [gavel] denied a motion to continue item number one . Seeing none, Public Comment is closed. Item number two item number two proposed budget and appropriations or...

Coming undone and why were so worried. First, what will determine the fate of this rally and that is the Central Bank Double header. Two key decisions from the bank of japan and federal deserve loom. So what is your central bank playbook tomorrow . What are you watching and how are you trading it . Bk, kick it off. Youve got to watch the dollar. Thats the transmission mechanism for all of this, both just the Central Bank Policy but also what the s p 500 is going to do. We saw last year when the fed raised rates, about a month later started the s p 500 turnover. So thats the key here. The bank ...

May have struck a transformer. You see that blue flash of light in the distance. And there are 40 customers without power in the east valley or who lost power in the east valley. Incredible images there. And when you catch great video of our weather, send it our way. Share it at abc15. As long as its safe. A mix of clouds and clear and theres a chance of a few showers as you head out the door. All dry in the valley. Ive been watching showers to the southwest. And they are not Holding Together very well. Theres a chance we could see a few showers move across the phoenix metro through the 6 00 h...