kpmg, if they're right, it's going to be worth a lot less, your car, lot less than you expected at sale>> the first week of trading was rough on the markets. the nasdaq fell more than 4%. this was as wall street digested that not-so-great jobs number on friday, showing just 199,000 new jobs were created. we'll hear from the head of the fed, jay powell, this week as he faces questions in the senate. remember, president biden renominated powell to run the federal reserve for another term, but powell still hasn't got the okay from the senate. he needs to get that first. >>> they are sure to be having -- sure to have some good questions for powell. it's a confusing time economically. new jobs numbers are lower than we expected. you remember that from friday. that's a sign of a slowing economy, but the unemployment rate is good and low. that's a sign of a strong economy. you see how confusing this could be in the middle of all this, we've got inflation, we're going to get inflation data on wednesday, lately, that's been bad news with very, very high numbers. >>> and we told you about this la

and if you expect to eventually sell it, if kpmg is right, it's going to be worth a lot less at the timeing up. >>> well, taking a look at the markets, the first week of trading was rough. the nasdaq fell more than 4%. this was as wall street digested that not-so-great jobs number on friday. showing just 199,000 new jobs were created. we'll hear from the head of the fed, jay powell, this week. he faces questions in the senate. remember, president biden renominated him to run the federal reserve for another term, but powell still has to get the okay from the senate first. and they are sure to ask good questions in those senate confirmation hearings. it's a confusing time. those new job numbers we got on friday were low. that is the sign of a slowing economy, but the unemployment rate was also low, which would be the sign of a strong economy, and then in the middle of all this, there's inflation. we'll get key inflation data come on wednesday. that's been bad news lately with high numbers. also today, we told you last week this was going to happen, that kfc would offer chicken that wasn't

jackie: @news from kpmg said groceries are costing 14% more this year than they were last year becausen prices issues you mentioned. with americans paying on average $611 a month this year compared to $532 a month last year. you look at this and think to yourself, this could cause severe financial hardship for family this trying to put food on the table. >> we make some of our own cans, we buy some cans. we have a factory's all over the united states. all over the world. cans are going up 64% they went january 164%. half the cost of a case of canned goods is the can. that means the goes up 32% inflation, it is crazy, why? because people are not working. the economies around the globe shut down because of fear. they created fear, division, and we have to be courageous. we were an essential business. 60million people 14 million people in the restaurant business were out of work. because the government controls they shut you down. all work is essential. it is god's at -- we need to give reason to our lives give thanks to god for our blessings but we need to work it so essential we need to

we are currently under a review by kpmg of all of our cyber securityha processes including staffing,icies, procedures that we are doing. we have had them come in and do a review several years ago, we are doing it again. we want to make sure there is nothing that we need to be including that we are not. >> many of the systems that cath in the cal mention, cyber security is one of those areas where there is a lot of collaboration between the clerk's office and the cao's office. i would also like to point out any of our systems they are closed systems meaning they one of the ways i can't give you is your voting card. your voting card is an internal system and that voting card can only be used to vote there was a proposal at one point, not made this committee that it might be used as a security card the cinner certain areas. the clerk's office was astutely against that. we only wantto that voting card and one dedicated purpose it also exercised with most of our electronic functions checking and rechecking and rechecking. >> we always want to make sure things are flowing on the floor and

we're currently under a review by kpmg of all of our iesh security processes -- our cybersecurity processes, including staffing, policies, procedures that we're doing. and we have had them come in and do the review of several years ago, we're doing it again. we want to make sure that there is nothing that we need to be including that we are not. mr. latta: madam clerk? ms. johnson: we use many of the systems and procedures that catherine just mentioned. cybersecurity is one of those areas where there is a lot of collaboration between the clerk's office and the c.a.o.'s office. i would also like to point out, with many of our systems, they are closed systems. meaning they are one way. one of the examples i can give you is your voting card. your voting card is an internal system and that voting card could only be used to vote. there was a proposelal at one point -- proposal at one point, not by this committee, but there was a proposal at one point that the voting card might also be used as a security card, to enter certain areas. and the clerk's office was completely against that because we o

joining me now is chief economist at the kpmg.aybe it's not quite the sellers market that some of the unions might think at the moment? we of the unions might think at the moment? ~ . ., ., of the unions might think at the moment? ~ . . ., , . moment? we have had a mixed picture of wa i e moment? we have had a mixed picture of wage increases. _ moment? we have had a mixed picture of wage increases. with _ moment? we have had a mixed picture of wage increases. with some - moment? we have had a mixed picture of wage increases. with some sectors i of wage increases. with some sectors where you saw a higher wage rises and some of them not, where the biggest shortages were. so it is a fairly mixed picture. i say generally the professional services, especially it skills and the likes of ten to attract higher wages overall so far where it's actually surprisingly in terms of where you look at hospitality, some but not all but some of them hospitality us have seen not a large increase in weight so far but overall it's a very tight market.

and the partner at kpmg and are audited yearly along with the form 490 is available on the website. a few points on the overall resolution and to remind to create jobs and not job loss. and most importantly, we want to move forward a best in class living museum for the city of and thank you for your time and consideration. >> thank you for your comments. >> we currently are down to the last two callers in the queue to comment on both items 7 and 8. and these two items will be continued to next week. if you wish to provide comments on the continuance since we will hold the full discussion next week. next speaker please. >> my name is laura and i am a disabled vet and i just want to speak in support of item 8 that i completely agree that veterans should have access to anything that gets ittous in nature and parks and mental health and physical health going and i appreciate the vets that have served over the years so thank you for your time. >> thank you for your comment. next speaker please. >> i am a case manager for veterans up at one vet, one voice here in san francisco. i'm also a

and the partner at kpmg and are audited yearly along with the form 490 is available on the website. a few points on the overall resolution and to remind to create jobs and not job loss. and most importantly, we want to move forward a best in class living museum for the city of and thank you for your time and consideration. >> thank you for your comments. >> we currently are down to the last two callers in the queue to comment on both items 7 and 8. and these two items will be continued to next week. if you wish to provide comments on the continuance since we will hold the full discussion next week. next speaker please. >> my name is laura and i am a disabled vet and i just want to speak in support of item 8 that i completely agree that veterans should have access to anything that gets ittous in nature and parks and mental health and physical health going and i appreciate the vets that have served over the years so thank you for your time. >> thank you for your comment. next speaker please. >> i am a case manager for veterans up at one vet, one voice here in san francisco. i'm also a