we speak with the business roundtable smart regulation doug peterson. s "bloomberg daybreak." ,oming up in the next hour andrew sheets, morgan stanley chief cross asset strategist. here is your bloomberg business flash. a goldman sachs unit has agreed to buy capital vision services. according to the wall street journal, the deal is valued at $2.7 billion. capital vision manages optometry practices. the trade war between the u.s. and china has hurt air cargo traffic worldwide and that was before china targeted fedex. this after the u.s. ramped up pressure on huawei. global cargo demands fell 4.7% in april, that equaled of february drop that was the worst in three years. trade experts warn declining shipments indicate a slowdown in global. but -- ofes of quirky cortiva begin trading in new york. dow dupont spitting out the aggro science. the company was created when dow chemical and umag -- dow chemical and dupont emerged and decided to split into three companies. david: we now are going to turn -- let's talk about corteva. agricultural not doing well the

and this was also discussed at the business roundtable this morning where american and british business men joined trump and to raise some may by the way we are expecting trump to arrive at downing street right behind me any minute now with 2 recent may ok. to briefly show me the to be reassessing choose off a donor trump we will sing pictures of donald trump's cavalcade arrives they close to 10 downing street there beyond we have the pitch is that so he is on his way to donning street and you see him shortly to continue what is expected what is the u.k. one from the u.s. . salute you the red carpet is already rolled out here i think i'm seeing the beast over there a limousine that is bringing him over here so he is going to be walking into downing street with theresa may very shortly so as i was saying the the u.k. needs a trade deal with the u.s. both parties to get that through and this trade deal would be for the time when the u.k. has finally left the european union the u.k. needs a strong partner at its side and this is going to be sorry i'm getting a little distracted here donald

james fales and with he will participate in a business roundtable -- and he will participate in a businessble. will watch this and see if there is breaking news. we expect a news conference from president trump and theresa may later this afternoon, actually early afternoon, and there will be bilateral -- president trump and his wife participating in meeting with theresa may, the prime minister of the u.k.. us is simon. tweetesident could something at any time and we are looking at inflation, coming to the u.s. in the second half of the year? >> there are factors that have a upside to the u.s. inflation, the first is tariffs, they are inflationary for u.s. households , but the degree to which they will continue in the second half will depend on the ramp up with mexican imports and the sustainability of the existing --ndup tariff, china import china import scarlet fu -- chart -- china import tariff. we have are less about the oil story and the hawkish iranian nuclear deal, that has kind of gone away and the worries over the demand side on opec and opec supply means the oil price has weakened

not seen the no official response from the white house but there has been a group from the business roundtable led by jamie diamond the head of the biggest u.s. bank j.p. morgan meeting with the president on friday about the topic was partly about not so much china a bit more what happens to the free trade agreement with canada and to mexico and so the businessmen they were pushing hard at the president or try king to make a case how dangerous it would be to impose tariffs for example mexico is that this would really be hurtful to the u.s. economy when it comes to china the u.s. president does not seem to be in any rush to get a deal done and here we have 2 topics on the table one question is will the terrorists that are already in place be dialed back if there should be a deal with china and the other question is if there might be even a new terrorist but we will have to wait and see till the g. 20 meeting at the end of the month so how this story develops but that's not the only thing that markets are waiting for of course next week also promises to be a big week for the markets with all eye

we mentioned the business roundtable underway at this hour with the president and the prime minister teresa may it will soon be leaving office, later on the president and the first lady will head to 10 downing st. part of a busy day. we also expect a joint availability by the president and the outgoing prime minister and a visit to the churchill war rooms and dinner this evening at winfield house for the prince of wales and the duchess of cornwall. the president has also been on twitter but, he posted a nice video of day one here in london. he also tweeted this. london part of the trip is going really well, the queen and the entire royal family have been fantastic. the relationship with the united kingdom is very strong, tremendous crowd of well-wishers and people that love our country. haven't seen any protest yet but i am sure the fake news will be working hard to find them. great love all around. also big trade deals possible once uk gets rid of the shackles already starting to talk, shackles in this case being its relationship with the eu. i can tell you this, protests will be th

as you just saw and today it's more about the nitty gritty of politics so trump is hosting a business roundtable with business leaders from the u.k. and the us this morning later that he will meet with the delegations and prime minister to resign may and we have to say that it's outgoing prime minister she recently on friday she will resign as leader of the conservative party so trump's visit really comes at a very awkward time and a chaotic time in british politics because he can't discuss anything with her that will be binding between the 2 countries because it is in the end for her successor to decide a 2 topics on the agenda there today though one is the chinese telecommunications company who or why once the u.k. to ban that from the country he also he is threatening the u.k. to withhold intelligence information if they don't do so a big topic on his agenda today and the other one being a u.k. u.s. trade deal possibly after a break the trump is eager to push that through so those topics will for sure be discussed today and then the big question is will meet with a possible successor off to r

so this morning and to read some mail hosting a business roundtable with business people from the u.k. and from the u.s. of course trade and business they're on the agenda in particular the u.s. u.k. trade deal for after breakfast so when the u.k. has finally left the european union trump is very eager to push a deal through after that may and trump will be here at downing street right behind me trump will be greeted by mr and mrs may they will then have a working lunch with those delegations where another topic will be discussed that is very close to mr trump's heart and that is the topic of the chinese telecommunications company who or why. this is something he wants to once the u.k. to ban to build the next generation network here in the u.k. he wants the u.k. to ban world wife from that and he's trying to convince theresa may by threatening to withhold intelligence information so this will happen today then after the working lunch they will hold hold a joint press conference of course that's going to be a very interesting thing to watch and then after that theresa may will take mr

the same business roundtable study found that 130 thousand iowa jobs were supported by trade with canada and mexico in billion in i will goods and services were exported to canada and mexico in the same year. according to the national association of manufacturers, canada and mexico purchased more than half of iowa's total manufacturing exports. as trump and you, ambassador lighthizer, delivered a solid steel to enhance this relationship with our good neighbors. now congress must act on implementing it. as mr. lighthizer said earlier this year, doing so will enhance the credibility of our global trade agenda and provide some much-needed certainty to american farmers and businesses. agriculture, international trade is critical to reaching 95% of the world's consumers living outside of the united states. in iowa, we export every third role of soybeans. this is why i strongly support the plan to pursue new trade deals with japan reticular early, the european union, and even the united kingdom, when it is ready. so we should move quickly. japan and the eu have not been sitting still. they hav

president trump is on his way to a business roundtable event with the outgoing british prime minister theresa may. trump and may are said to be in talks withs executive on trade and a possible post-brexit agreement. this is video of the two leaders during preous meetings. the two leaders are scheduled to hold a joint news conference later this morning. stay with nbc news for complete coverage of that. we will bring it to you live. >>> last night president trump and the firstelady were gr at buckingham palace by queen elizabeth for a lavish state dinner. the queen and the president each shared a toast. >> i am so glad that we have another opportunity to demonstrate the immense importance that both our countries attach to our relationship. >> i offer a toast to the eternal friendip of our people, the vitality of our nations, and to the long-cherished and truly remarkable reign of her majesty, the queen. >> the president's three-day state visit is meant to celebrate the relationship between britain and the united states. >>> developing ts morning, next tuesday the full house is expected

having said that, i think there will be, as we have seen with the business roundtable with thm chambernd the united states, very significant because of the economic costs to the u.s. economy you have got governors and a trade associations and members of congress -- senator graley last night -- pushing back ainst this. jane: but could mexico do more to stethe flow of migrants coming up through countries like guatemala? arturo: lookthis relationship has to be built on one fundamental premise, that mexico and the united stes be able to deal with the complex relationship we have, and there shared be a paradigm o responsibility. that is relevant for allf these, whether it is drugs, security, trade, transmigration. absolutely, mexico can do a better job of ensuring someco rol of the border with guatemala and belize. more importantly, guatemala and belize but that does not mean that what this mexican government now in power and has been doing for th past six monn't 00gnificant. we have almost 8central american migrants that have been repatriated back to the countries in these fir months of th

>>with a breakfast, a business roundtable in london among those in attendance. outgoing british prime minister theresa may at the start of the session president trump said it was an honor to work with may even suggesting she should delay her departure as prime minister until a new trade deal is struck. he also said he thinks brexit should and will happen. >>the i would think that it will happen and it probably should happen. this is a great great country and wants its own identity. it wants to have its own borders. it wants to run its own affairs is a very very special place and i think it deserves a special place. >>the president ended his day today with a dinner with prince charles and camilla the duchess of cornwall. >>california democrat still talking about all the attention they got this past weekend at the party convention in san francisco. it was the place to be if you're democrat 14 presidential candidates were in town in san francisco. the largest single gathering of 2020 presidential candidates to date. catherine keenan was there talk to a half dozen o

according to a new survey from the business roundtable, optimism has declined for the fifth straight quarter. the ceos say that they'reut concerned arade relations with china and the resulting uncertainty about global growth. so their plans fan hirin capital investment have declined, as well, in the second quarte a separate survey shows that two-thirds of chief financial ficers see a recession coming by the end of next year. they expect their business prospects to decline as a result. the cause, well, they cite tariffs and credit risks. >> it is no secret that facebook has bee plagued by privacy concerns and problems. report andnew possible e-mails that link ceo mark zuckerberg to those controversial practices, that sent facebook shares low by more than 1.5%. julia boorstin has the details. >> wall street journal reporting that facebook e-mail uncovered tradeesult of the federal commission mrief see investigation saying that mark zuckerberg w aware of privacy problems and the questions thato they vlate the commitment to that it would protect users' privacy and the article pointing to

also as we look at what the democrats are doing, with the chamber of commerce is doing, the business roundtable, wall street in its alignment with the business lobbying groups, the koch brothers. the chamber of commerce threatening to sue the president of unisys pursuing natural interest and taking responsibility for the national security. these groups, these business lobbyists, wall street, the koch brothers, letting with the interest of the drug cartels in mexico. and it is that straightforward, that simple and that dangerous to america. i just cannot imagine why the left-wing media, that is still hope, at least in part, independent from that of the lobbying groups, the democrats, the radical dems. they simply aren't accepting this and i find it stunning that they would permit tens of thousands of deaths from the opioid drugs being smuggled across the border by the cartels. the continued violence, the murders. if every two nations should partner for their mutual security, it is mexico and the united states against the drug cartels. >> actually, i just wrote an op-ed for www.foxnews.com and i

a 2019 business roundtable study found that international trade support 39 million jobs across and 12 million jobs from trade with mexico and canada. i'm a family farmer, you know. i can tell you that nafta has been critical to the success of iowa farmers and businesses. the same business roundtable study found that 130,000 i would jobs were supported by trade with canada and mexico in 2017 6 billion dollars in iowa goods and services were exported to canada and mexico the same year. to the national association of minivan first, canada and mexico purchased nearly half of iowa's total manufacturing exports. president trump and you, ambassador lighthizer, delivered a solid deal to enhance this critical relationship with our neighbors. by, congress must act implementing it. as mr. lighthizer said earlier this year, doing so will enhance the credibility of our global trade agenda and it provides much-needed certainty to american farmers and businesses. for agriculture, international crate -- trade is critical. for reaching 95% of the world's consumers living outside the .nited states in i

about those which will impact them directly but -- when you talk to organizations like the business roundtable, the business council, they are not blind to what the concentration of wealth is doing to long-term prospects for our democracy. good morning. i am the washington correspondent with the irish times here in d.c. wanted to get your views on the democratic debates coming up this month. mr. hickenlooper: fighting with the dnc is a little like fighting with the weather. you can rage against the storm, but you will not have great effects. i think the rules are the rules and we all know the rules and we will go forth from there. i think about the benefit of having the debates to get the 130 million small donors. i think small donors are important and should have a voice. that will push everyone to spend a lot of money and time in pursuit of those small voters. that is certainly not the only thing that many campaigns want to concentrate on. i think it will be interesting to see with 20 candidates and so many of them talented, with very talented staffs, and they are all going to be trying to h

politics and business will head the day it the president and prime minister teresa may host a business roundtable the will to 10 downing st.. a lot of this will shift the focus again toward brexit. what happens if there's a hard brexit? what can the us to to solidify trade ties with the uk if that happens? as for the president, he was busy on twitter? we talked a bit about that yesterday as he was talking about the mayor of london. he had this to say on twitter, london part of the trip is going really well, the queen in the entire royal family have been fantastic, relationship with the united kingdom is very strong, tremendous crowds of well-wishers and people that love our country. evans seen any protest yet but i am sure the fake news will be working hard to find them. big trade deals possible once the uk gets rid of the shackles. the shackles in this case would be the european union. there will not be any trouble finding protests today, they will be everywhere. mostly against the president's visit some in favor of the president's visit. we will have the coverage but for now back to you. >> spe

the president is currently participating in a business roundtable event at st. james place along with the duke of york and an array of u.s. and uk business leaders. the event is co-hosted by prime minister theresa may who is resigning on friday over the state of brexit which trump controversially heavily criticized may for in the british press days ago. when that wraps up trump and hey will head to downing street for the bilateral meeting followed by a joint news conference. >> last night trump took part in the first state banquet hosted for an american president since 2011. queen elizabeth made a subtle criticism of president trump's america first platform. >> as we face the new challenges of the 21st century, the anniversary of d-day reminds us of all that our countries have achieved together. after the shared sacrifices of the second world war, britain and the united states worked with other allies to build an assembly of international institutions, to ensure that the horrors of conflict would never be repeated. what in the world has changed? we are forever mi

. >> president trump is at a business roundtable event with the outgoing british prime minister theresa may right now. trump and may are said to be in talks with execives on trade and the possible post-brexit agreement. thdes was the pre's motorcade just a few moments ago headed to st. james palace for the roundtable. the two leaders are i'll asked to hold a new -- are scheduled to hold a news conference later this morning. stay with us for complete coverage of that. the network will bring it to you live. >>> last night the president and first lady melania trump were greeted at buckingham palace by queen elizabeth for a lavish state dinner. the and the queen -- the president and the queen each shared a toast. >> i am so glad that we have another opportunity to demonstrate the immense important that both our countries attach to our relationship. >> i offer a toast to the eternal frienhip of our people, the vitality of our ndtions, and to the long-cherished a truly remarkable reign of her majesty, the queen. >> the three-day visit i celebrate the relationship between britain and te united

ealier he met with outgoing british prime minister theresa may at a business roundtable event.leaders are now meeting at the prime minister's residence on downing street.d fey will hola joint news conference in a hours. we'll have another live report from london coming up in about 15 minutes. >>> today the ski m'ni camp begins in ashburn. yesterday was picture day. hareing a little fun the. some of the newer players posed for team cameras. today the entire squad, even the veterans, will be reqred to attend. watch for more on news4. >>> tonight's mega millions te drawing estimad to be at $475 million. the cash option is about $307 million. the os of matching all five numbers and the mega ball, one in more than 302 million. the overall chance of winning a prize of some sort is one in 24. so -- there's that. >> are you the one who told me your friend calls it a dummy tax? >> yeah. >>> 6:37. coming up, local high school athletes celebrating a championship molette. >> reporter: you got that rig. i'm on the river right now with the winning team. we've got all the row crew teams. my w

the same business roundtable study found that 1:30,000 iowa jobs were awarded by trade in canada and mexico in 2017, and 6 6/10 billion dollars in iowa goods and services were exported to canada and mexico the same year. according to the national association of manufacturers, canada and mexico purchased nearly half of iowa was total manufacturing exports. president trump and you, ambassador, delivered a solid deal to enhance this critical relationship with our good neighbors. now, congress must act on implementing it. as the ambassador said earlier this year, doing so will enhance the credibility, of our global trade gender, and provide some much-needed certainty to american farmers and businesses. for agricultural international trade is critical, to reaching the 95% of the world's consumers living outside the united states. in iowa, we export every 3rd row of soybeans, this is why i strongly support the administration plan for new trade deals with japan, the european union, and even the united kingdoms, when it is ready. so we should move quickly, japan and the eu have not been sitt

the present started his day with a business roundtable following last night state dinner hosted by queen elizabeth at buckingham palace. >> in central london, thousands of demonstrators are protesting against the president. they are trying to march past the entrance to downing street where the president and may met this morning so they can rally in parliament square. ben tracy is in the hall with a news conference is about to start. what can you tell us? >> we are expecting the president and prime ministers to show up here in this hall any minute and start this news conference. numbers of the president's family added menstruation are here. of course, this news conference is eerily anticipated because of many of the issues that have likely been discussed between the president and prime minister, namely trade. we heard the presence being a lot this morning about wanting to work out a big trade deal with the uk. of course, before that happens, the uk has to first leave the european union. that is a process that is ongoing and not likely to be resolved soon. but the president is trying to la

the past year and that's actually the largest drop since august of 2016 meantime, the latest business roundtable survey falling for the fifth stra month the ceo plans for hiring and expectations for sales dropped, and oil prices are jumping today after two more tankers were attacked off the coast of iran near the strait of hormuz. the incidents renewing fears of conflict in the middle east following a series of strikes last month and that's where we begin today with cnbc's dan murphy in dubai for us dan, what do we know this hour >> hi there, kelly a major story developing here in the middle east. you need to look at these pictures to understand just how severe this was. this was shot early morning off the coast of oman. it's around 6:00 a.m. when authorities first received this emergency distress call responding to what is believed to be simultaneous sabotage attacks right near the strait of hormuz right on the iranian coastline. this first ship is believed to be the japanese-owned panama-flagged tanker that was moving methanol from saudi arabia to singapore. as you can see here it suffered ser

he began his day with a breakfast business roundtable in london.ning the president at the event was outgoing british prime minister theresa may that started the session the president said it was an honor to work with may even suggesting she should delay her departure is prime minister until a new trade deal is struck. >>having done a fantastic job on behalf of the people of the united states and it's an honor to work with you and they don't know exactly what your stick around to this deal. >>president trump in the first lady viewed a copy of the us declaration of independence inside the pillared room while they were visiting 10 downing street the home of the prime minister after the closed door meeting the president and prime minister held a joint news conference champ handle a brown reports president trump offered praise for the outgoing uk prime minister while continuing his verbal attacks. >>against theof london. >>treatment now over president trump got down to business in london, raising the outgoing prime minister theresa may after the 2 leade

>>trump attending meetings with outgoing prime minister theresa may which included a business roundtable and a bilateral meeting at ray's residents may and trump discussing an array of topics, including foreign policy security and trade, especially as the uk navigates its exit from the european union i think we're going to have a great radio. yes, i think everything with the trade deal is on the table. >>may's slated to step down as the leader of the conservative policy on friday, i personally believe that it is in the best interest of the uk to leave the european union with a deal i believe there is a good deal on the on the table obviously it will be feel whoever succeeds me as prime minister to take this issue forward president trump has voiced support for former foreign secretary boris johnson for the job, speaking to the conservative filmmaker on the same shoes day according to a british official bars. >>i like him, i liked him for a long time. he's a i think very good job. >>meanwhile, the largest anti-trump demonstrations are expected tuesday throughout the city in and an i -2 it'

the heads of home depot and kohl's, the business roundtable calling the tariffs a grave error.this will change the flow of undocumented immigrants. >> i'm heartened that the mexicans are here and i don't think they would be talking if the president didn't show how serious he is about this issue. the fact is stlr a lot of identifiable steps laid out by the department of homeland security -- again, i'm not a security expert -- that the mexicans could be taking but haven't been in terms of stopping the organized crime folks from running buses to get people up to the border and so on that they can take. i think my expectation would be, if they come forward with a good plan, that the tariffs will happen. >> if they don't, the tariffs will happen and they'll happen soon. >> serious about it for sure. >> for example, deutsche bank said if you get these 25% tariffs, every car brought into this country from mexico is going to cost $1300 more. what will be economic consequences be? you'd agree the american taxpayer, american >> right. i think the instance of tariffs is on producers and c

morgan jamie dimon met with members of the business roundtable, we have executive officers ceo from ups a lot of key financial and industrial players talking presumably about this the amongst mexico trade agreement usmca how that is going to fan out, and concerns about the china trade agreement if will come to pass that a previoductive meeting a few minutes ago round two u.s. open under way world cup golfer gathering in pebble beach california gerri willis the latest accomplished golfer in her own right gerri what is it looking like there. >> is it i think you overstate at any rate gorgeous absolutely beautiful a minitour in a second, but first to catch you up on play it is justin rose englishman leading the pack great first round, 6 under 65. tying record for the best performance in a u.s. open round the only other person has done that tiger woods we caught up with both of them state ofing with justin rose at driving range, a lot of fellows we were up close and percentage with betting of them, tiger practicing putting saw him practicing with irons really impressive to see both of them

at a business roundtable earlier we saw ivanka trump seated next to national security advisor john boltonese things, reiterated for britain to leave saying it should happen. and thousands were cheering on the streets of london, dismissing protests as fake news. haven't seen any cheering crowds gathered and have crews across central london. there are tens of thousands of protesters. >>> president trump in london, vice president pence going to oklahoma to survey damage from catastrophic floods. more rain expected there and in other states and the arkansas river, overflowing for days now. and that river is still rising. in pine bluff, arkansas, evacuations were ordered for neighbors where dozens of homes are already underwater. the mississippi river is also raging. volunteers are using sandbags and pumps to battle surges that have caused some of the worst flooding in illinois in 25 years. >>> the house passed a $19 billion disaster relief bill last night for parts of the u.s. recovering from floods, hurricanes, wildfires and earthquakes. earlier attempts to pass that bill had been blocked by

will hold a news conference, in a biliterally meeting working lunch after that this morning a business roundtable deal with united kingdom and be able announce in days after brexit. >> i don't know exactly your timing stick around we will see this deal. reporter: may announced that she is leaving the position as head of her party on friday, she will still be prime minister but be plooifr as soon as party finds an replacement for her said she is keen on having a trade agreement with u.s., listen. >> i think wider -- partnership for the as well. reporter: we are expecting larger protests here around the city costuming to this building trafalgar square a thousand lining up in parliament a square with larger blimp mocking president donald trump. >> edward lawrence in london,wi congressman sean duffy congressional congressman house armed service member john gar mend inside your reaction to the president in london this morning, with theresa may the conversations, it seems like they've gotten given the president a warm welcome your reaction congressman duffy. >> getting along really well say let's strik

and we participated in a roundtable with industry and business leaders. can say probably the biggest business leaders everywhere in the world. more than $1ave trillion invested in each other's economics billion the united kingdom is america's largest foreign investor and our largest european export market. that is a lot of importance. as the u.k. makes reparations to exit the european union, the united states is committed to a for between the u.s. and the u.k.. there is enormous potential in that trade deal. two or three times of what we're doing right now. tremendous potential. 75 years ago this thursday, courageous americans and british patriots set off this island toward history's most important battle. the storm forward out of ships and airplanes, risking everything to defend our people and to ensure that the united states and britain would forever remain sovereign and forever remain free. following this press conference, may, theister may, mr. first lady, my family and i will visit the legendary churchill war rooms beneath the streets of london. i lo

. >> tomorrow, president trump will be meeting at the business leaders at a roundtable with prime ministerants to talk about climate change. the president wants to talk about trade and the security risks. back to you. >> neil: thanks, my friend. ed lawrence. these are tough times for the prince, if you think about it. trying to separate from the rest of europe. that has almost impossible. the prime minister is on her way out. we don't know who will replace her. they worry where they're going to drum up business. the british boxing champ, the man that united all the heavyweight titles was beaten by a guy that looks like me. ♪ corey is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking ibrance with an aromatase inhibitor, which is for postmenopausal women or for men with hr+ / her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may

thriving economic relationship both countries are doing very well and participated in a roundtable with industry and business leaders i can say probably the biggest business leaders anywhere in the world our nations have more than one trillion dollars invested in each other's economics the united kingdom is america's largest foreign investor in our largest european export market that's a lot of importance as the u.k. makes preparations to exit the european union the united states is committed to a phenomenal trade deal between the u.s. and the u.k. there is tremendous potential in that trade deal i say probably to add even 3 times of what we're doing right down tremendous potential 75 years ago this there's a courageous americans and british patriots set out from the silent word history's most important battle. they stormed forward out of ships in airplanes risking everything to defend our people and to ensure that the united states and britain would for ever remain sovereign and for ever remain free following this press conference prime minister may mr may the 1st lady my family and i will visit the legenda

we have hosted roundtable meetings with small business forms to provide faces -- spaces were businessesn talk about their concerns and their challenges. today, i am so excited to announce that we are working to make it easier for small businesses to not only survive in san francisco, but to thrive in san francisco. that is what today's announcement is all about. is not just for people to open and run their businesses, but for people to find employment at small businesses and for small business owners and employees to have a seat at the table where we are having -- making the decisions about our budget investments. first, let's take a step back and think about what it means to start a small business in san francisco. i hear from people all the time what a great idea and new innovation they want to do. then they are confronted with bureaucracy at city hall. it is such an incredible challenge. san francisco has loan programs in place that help people through our office of economic and workforce development. we have issued more than 20 million dollars with 90 4% repayment rate, which is inc

so to have a roundtable with small businesses to say how do we support you to cut the costs from the customers and the environment. and thank you very much. >> if we have no more questions, i would like to open it up for public comment. any members of the public who would like to make comment on this item? seeing none, public comment is closed. commissioner, do we want to take any action on this? >> well, i mean, i can -- i support the legislation provided that the increase from 15 cents has a demonstratable effect on the -- that is the only provision. i support the legislation and the increase to 25 cents if it has the effect that is promised. i just don't have the data to know what the baseline is to know if it's going to have that effect. if there is a promise to do a study. i am not going to hold it up, but i think it's incumbent on the supervisor and the team here to give us the baseline to so that the public knows what the effect is. because they are paying for it. and as a small business, we should know what the ultimate effect is. it's only fair. i move we support the legisla