For the late antonio gahilig, on behalf of supervisor peskin and supervisor yee, and on the entire behalf of the board of supervisors, for the former director of recreation and park, director mary byrnes. President yee sorry about that. Now this brings us to the end of our agenda. Any other Business Today . Clerk that concludes our business for today. President yee okay, thank you, madam clerk. Colleagues and members of the public joining us today, wed like to remind everyone that the regular Board Meeting scheduled for next tuesday, september 8th, 202020, is cancelled. Our next regular Board Meeting will be scheduled for tuesday, september 15th, 2020. As there is no further business we are adjourned. Clerk thank you. Thank you. Supervisor haney our clerk today is erica major. Madam clerk, do you have any announcements . Clerk [inaudible] and the board, the board of supervisors legislative chamber and Committee Room are closed. However, members will be participating in the meeting remo
Lisa hurricane laura is moving rapidly toward a category four hurricane, possibly inflicting billions of dollars of damage on the gulf coast. Interesting to see how that evolves with respect to oil prices. What else can 2020 bring . Tom it is going to bring a lot of challenges in academic growth. Futures red and green on the screen. Lets get right to the Business Review this morning. Ata what we are looking for 8 30 a. M. Is the july durable goods numbers. Interesting to see what this tells us about Capital Expenditures at a time of such uncertainty for companies. The u. S. Is selling a record 101 of a record 151 billion fiveyear yields. See viceing to president mike pence headlining day three of the Republican National convention. Look out for his 2024 that form, also expected money 24 platform, also expected to be his 2024 platform, also expected to be a potential candidate in the future. Tom we need to stop and explain jackson hole. It is a beautiful place with mountains that only M
Caught my eye was the 3600 number that is where we are going according to Goldman Sachs chief u. S. Equity strategist david he wrote that the fall and the equity risk premium will be partially upset by a rise in bond yields, but the combination will ultimately boost the s p index by 3600 at by yearend and 3800 in 12 months time. It represented significant increase driven by valuation. Joining me now, Chris Watling longview, chief Market Strategist and ceo. A pretty bold call, chris. What do you think . Chris it is doable. It is not implausible. I think it depends on how much policy keeps on generating stimulus how much the policymakers keep on giving, if you like. We have seen congress go into recess. We have half had the package, half not, with the executive orders. Clearly the fed is giving and will continue to give. There is a lot of utility in the world can we keep getting stimulus packages. Singapore did something over the weekend, not a major player, but it is noble. There are cl
Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other
Committee reference agenda items 2733. [agenda item read] supervisor yee colleagues, would anyone like to talk about these items. Can we separate item 29 . Supervisor yee supervisor preston. Supervisor preston i wanted to be added cosponsor on 31. Supervisor yee supervisor stefani. Supervisor stefani i like to sever item number 30. Supervisor yee madam clerk, do we have to sever something to be added as a cosponsor . Clerk no. You can tell me and staff inanei will track it and well make sure it happens. 27, 28, 30 and 31. Got it. Supervisor peskin , i like to do the same. Supervisor yee i said 32 also. Clerk and 32 for president yee. Thank you. Supervisor yee go ahead and get the roll call for the remainder of the items except for 29 and 30 i believe. [roll call vote] he ises in a he is in a meeting. Hes on mute. [roll call vote] there are 11 ayes. Supervisor yee these resolutions are adopted. Call item number 29. [agenda item read] supervisor yee supervisor mar. Supervisor mar thank y