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Do you have a question . Back in open session call the next line item arrest whether to discolor all matters in closed session administrative code 67. 1 a action not to disclose all in favor, say i. I. That item passes unanimously were okay im sorry sergeant next line item adjournment. Motion to adjourn. All in favor, say i. I. Nancy pelosis passes unanimously clapping. px good morning everybody. Welcome to the San Francisco board of supervisors budget and finance subcommittee meeting for wednesday july 22, 2015. My name is mark farrell. I will be chairing the committee. I am joined by super...

Joined by supervisor katy tang and i would like to thank the clerk linda wong and sfgtv covering this meeting. Madam clerk do we have any announcements . Yes mr. Chair. Please silent all cell phones and electronic devices, complete speaker cards and documents to be part of the file should be submitted to the clerk. Items acted on today will be on the july 28 board of supervisors agenda unless otherwise stated. Okay. Thank you madam clerk. Lets get rolling here. We have a number of items here and at the end we have two hearings and please call item 1. Item 1 hearing hearing to consider the rele...

Hearings and please call item 1. Item 1 hearing hearing to consider the release of reserved funds, Arts Commission to build out the secure basement Storage Space and related location costs for the citys civic Art Collection. Great. We have tom mckinney here. Good morning supervisors. As you know it will move to the Veterans Building in september of this year and our request is for the release of reserve funds for 50,000 to complete the move of the Art Collection to the war memorial. We are glad that the Capitol Planning Committee has allocated a historic amount for the Art Collection and affor...

Some other nominees, so today we will consider three nominations and i want to thank my colleagues for helping working through the nominations in an appropriate fashion to allow us to take the steps forward today. Any comments you would like to make . No, mr. Chairman. We are trying to get confirmed em bas duirs to make your job a little bit easier, i hope you appreciate the fact that chairman corker are moving through nominations as quick as possible and one of the things to do if confirmed to get nominations a little bit sooner. In any respect, we are supportive of the three nominee that is ...

Be as markets are giving us a lot, a lot of news, just in themselves. There is a lot overall. Oil is still sliding. Global stocks are retreating and you can see that clearly in europe with the stoxx 600 down 0. 7 . The yen strengthening. We see a risk off mode with crude oil tumbling into a risk off mood. That will persist. We also want to look at the shanghai equities, and the chinese domestic stocks. I will show you that shortly and then the pound, of course, it is the cleans speech it is the queens speech today. Lets construed to the bloomberg first word news. Reporter saudi Arabias Deputy ...