Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we will be in this odd situation where markets will look fo
Board will not take any formal action but looking forward to peoples comments and questions. Any people on the line, moderator . You have seven questions remaining. Chair borden okay, our first speaker, please. Caller hello. My name is joel kamisher, a School Crossing guard and a member of the sfciu 10 to 1 bargaining committee. We have been trying to talk about not outsourcing people to protect the city workers and im hearing that discussion about the flaggers and the pedestrian monitors. I wonder if we could use our own workforce, the parking control people and the crossing guards instead of having the contractors hire private people. I realize that the flaggers might have their own union, so maybe thats a problem. But im hoping that we can do other things to reduce the need of contract people to prevent layoffs . Thank you. Chair borden thank you, next speaker, please. You have six questions remaining. Caller hello, members of the board, my name is Hector Jimenez and im with the loc
The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
Hills, northeast gusts could be anywhere from 20 to 40 miles an hour. Relative humidity is dry, current check of the winds up to 37 miles an hour. Mount st. Helena, and mount diablo, 38 mile an hour gusts, theyre strong. Air quality is moderate. Not a spare the air alert today, but theres an advisory and we go in the right direction tomorrow. Winds will shift offshore to onshore later on today but just at the surface. Temperatures right now, 68 in mt. Diablo, 68 in walnut creek. Down the road, Half Moon Bay, youre in the 80s yesterday, yeah, thats right, 30 degrees cooler. So julian were going to talk about our cooldown on the way for sunday and then a return to some more critical fire weather as we get to the week ahead. All right, thank you, lisa. Well take the cooldown however we can get it. Developing news out of san jose. A double shooting left two men dead around 11 40 last night. Three other people were shot but are expected to be okay. Its unclear what led to the shooting. Well
And mt. Diablo, 29 mile an hour wind gusts above a thousand feet, mt. Tam, 22 miles an hour. So the low relative humidity and the dry conditions out there, good thing, though, the air quality isnt bad. We are looking at those warm numbers, in the upper elevations, 60s and 70s. But Half Moon Bay has cooled to 54. It is 50 in nevada. Look at that santa rosa, down to 49 degrees. Anywhere from two to 27 degrees cooler this morning. So without those east winds blowing as strong, yes, the temperatures are coming down. So 60s at 9 00. Our red flag warning will have expired and by noontime were in the 80s inland. Its another warm day with low 90s there. By the afternoon. But we are cooler at the coast, and bay with that weak onshore flow and more widespread cooling. Well talk about sunday and the week ahead coming up. Julian . Thank you, lisa. Now to some developing news as you wake up with us this morning in san jose. Police are investigating a double shooting. Two men are dead. Happened arou