Billion market mystery thats how much facebook added in market cap today. The reason not entirely clear many pointing to the launch of reels, the answer to tiktok. We should point out that news was out yesterday morning. Facebook shares today surged 6 to a new alltime high so guy, whats your take on this move well, i have no idea why it moved like this. Id be lying if i said i had an answer i will give credit to karen because shes been on this something we said, you go back to the middle of june. I remember this when rei, north face, patagonia came out and said they were pulling their ads for a month. I remember saying youve got to pull the rip cord on this. Theyre the first but theyre not going to be the last that proved to be correct. On june 26th, the stock traded down to 207, cratered and then closed higher on the day something we said is and ill say it again, theres nothing about facebook i like in terms of the platform and ill continue to say that this reversal tells you all you
Clerk commission scott, you are on mute. Commissioner scott is present. [roll call] all members of the commission are present. The next order are of business is idea 2, announcements. Announce a, Public Comment procedures. Please be advised a member of the public has up to three minutes to make Public Comments and on each agenda idea unless the Commission Adopts a shorter period on any items. During each Public Comment period, viewers will be instructed to dial14084189388 and theyll enter the access road 1462925173. Press the pound sign twice and enter the call and when prompted, please press star 3 to submit your request to speak. When you dial star 3, you will hear the following message you have raised your hand to ask a question. Wait to speak until the host calls on you. When you hear your line has been unmuted shall this is your opportunity to provide your Public Comment. You will have three minutes. Please speak clearly and slowly. And you will be placed back on mute when you are
We have part of our engagement was Junior Deputy program. I mentioned earlier and we try to get out there to do clinics related to interest. We went up to Juvenile Justice Center a few months ago. Myself, captain stanford and another captain and provided basketball clinic for juveniles up there. It was part of our process to reach out not just for recruitment but to engage with people to just really message out that we are here for them in any other ways other than being just as involved. I think those efforts that we engage with the community. The organizations i am looking forward to meeting with you. I have spoken to director davis about that. Thank you so much. Colleagues. Any other questions or comments . Thank you. I am good. Thank you, sheriff. All right. Maybe we can move to wrap up this hearing. Thanks, supervisor safai and your legislative aid for organizing such an important hearing. Do you have Closing Remarks . Yes, i would like to make Closing Remarks if that is okay. Tha
Points, of course we had 74 earlier in the week sort of reflects that. It does indeed. Lets talk about it. They join us now to break all of that down. Good morning, guys. Good morning. Tobias, your target for the s p in june 2021 just a bit higher than where we are right now. 3160 given that, how should investors be positioned . Is it just a matter of averaging back in if youre not in the market and doing it cautiously or what do you expect . So i think you just put it perfectly and cautiously using that terminology i think the market right now is a bit ahead of itself so i think its a bumpier road Going Forward in the nearer term four key issues to worry about, one the unemployment numbers, how quickly they come back the fact that most of us will probably be somewhat in terms of practicing social distancing not going back to normal until things like vaccines, commercial industrial lending standards data suggest tightening of Credit Conditions which usually means no big bounce really i
Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments like hedge funds. Most Pension Funds want 7 to 7. 5 return o