With you great to see at least your picture here and hear your voice. I want to start with the markets in general and warren buffets comments his comments appeared to go against popular wisdom i think in how to manage investments he sold airlines low, didnt buy anything during the historic selloff i wonder what you think from a Research Perspective how investors playing at home should what they should take away from that after having one of the worst months ever in march april has ended with one of the strongest rallies in about 30 years across a number of benchmarks the s p 500, the nasdaq, and u. S. High grade. So i think that you should expect some consolidation this month. Now there is just so much liquidity in the system. We estimate the Central Bank Balance sheets will expand 17 this year. You dont bet against that we still think you should be, you know, constructive, but consolidation is in order. The markets responded the fastest, the virus and the economy last and the data pri
Firmly above 1. 7 . Andrew thank you. We have a crazy big show for you this morning lets just tell you about the lineup among the highlights, we have author ben measurer. Former of ceo of airlines. First Television Interview with the ceo wework in the midst of all of this big questions. Ceo of General Mills and then someone who never holds his tong, venture capitalist and investor coming up in the next three hours. We are going to do it. History in the making today. Central bank will begin buying etfs their Corporate Bond etfs but the First Time Ever. The idea is to be able to direct the money into the credit markets faster than by buying bonds. Reporting that the purchase about 250 billion of the feds 750 billion program inching closer and closer to stock etfs. Probably not a health of a buy on this buy owe tech etf we cant make that leap, right guys when you read this, werent you like, etfs it is not that favre a jump once i read it, instead of this bond, that bond, lets do it i unde
President yee good afternoon and welcome to the april 21, 2020, meeting of the San Francisco board of supervisors. Madam clerk, will you please call the roll. Clerk thank you, mr. President. [roll call]. Clerk mr. President , you have a quorum. President yee thank you. Everybody, please place your hands over your heart, and would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee thank you. Supervisor safai supervisor safai is present. Clerk thank you, supervisor safai. President yee okay. On behalf of the board, i would like to acknowledge the staff at sfgovtv who air the meetings and make the transcripts available online. Madam clerk, are there any announcements . Clerk yes, mr. President. During the Board Meeting, members will participate online as though they were present in person, and the public is invited to participate in the meeting in the five following ways. First, you are welcome to submit via email at board. Of. Supervisors sfgov.
Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 a barrel. In the absence of demand, we are still not driving very much, we are running out of places to store al
Clerk mr. President , you have a quorum. President yee thank you. Everybody, please place your hands over your heart, and would you please join me in reciting the pledge of allegiance. [pledge of allegiance] president yee thank you. Supervisor safai supervisor safai is present. Clerk thank you, supervisor safai. President yee okay. On behalf of the board, i would like to acknowledge the staff at sfgovtv who air the meetings and make the transcripts available online. Madam clerk, are there any announcements . Clerk yes, mr. President. During the Board Meeting, members will participate online as though they were present in person, and the public is invited to participate in the meeting in the five following ways. First, you are welcome to submit via email at board. Of. Supervisors sfgov. If you do not have internet or youd like to listen on the go, you can listen to the meeting on your cell phone. The telephone number is 8882045984. When prompted, enter the access code 3501008, press pou