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[gavel] good afternoon everybody welcome to a special meeting of the San Francisco board of supervisors budget and finance committee. Monday, august 1, 2016. My name is mark farrell i will be chairing this committee. Im joined by katie tang as well as by supervisor norman yee and supervisor mar as well. I want to thank sfgov tv for covering the meeting today. Mdm. Clerk we have any announcements . Please silence all cell phone Electronic Devices. Thank you mdm. Clerk. All of you involved in our budget process this year as we started late today we just came from opposite signing with mayor we c...

President ial candidates in both parties are campaigning in South Carolina. Former Florida Governor jeb bush is drawing larger than expected crowds. His Campaign Says that events are being moved to larger venues do to increase demand. Hillary clinton is also campaigning in South Carolina before attending a dinner event in minnesota along with Bernie Sanders. And donald trump has tweeted that he will soon sue ted cruz for not being a natural born u. S. Citizen unless he cleans up his negative campaign. Cruz does not ted clean up his act, stop cheating and doing negative ads, i have standing to ...

His talk today will be on what he calls the law of amplification. So its a very interesting talk because, you know, here at mit our motto is let us build technology and, obviously, that will solve all of the worlds problems. [laughter] and its kind of a heresy in some way to have this talk, and the talk is aptly named geek heresy rescuing social change from the cult of technology, something thats very interesting because it provokes, you know, important conversations. Technology is important, but its also important to think about what is the impact of the technology and how do we design the te...

So i always talk to reporters why are you now saying somethingses that youre saying i said for months because aye been talking about real ideas and they dont cover them. I give speeches about educationing and they ignore it. I give speeches about health care and they ignore it, but you talk about it you talk about anything that has nothing to do with that, and they jump all over it. It leads the newscast. What a sad indictment on the state of the political debate in this country today. [applause] so from time to time i read the main tweet, but i never stop talking about the ideas you deserve t...

The nasdaq is off by 18. This comes after both the s p and dow closed at their highest levels of the year after yesterdays fed meeting. That fed meeting along with the News Conference with fed chair janet yellen, were going to be talking more about her message. In the meantime, take a look at wti. It is up by just over 2 to 39. 28 a barrel. Getting closer to the 40 level. Also, if you take a look at the currencies, the dollar is down against the euro, which is all the way up at 1. 1308. The yen is trading at 111. 36. Dovish Federal Reserve keeping Interest Rates unchanged, suggesting it will b...