If you call in before Public Comment is called, youll be added to the queue. When you are called for Public Comment, please mute your device that you are listening to the meeting on, when it is your time to speak, youll be prompted to do so. Public comment during the meeting is limited to three minutes per speaker, unless otherwise established by the presiding officer of the meeting. Speakers are requested but not required to state their names. Sfgov tv, please show the office of Small Business. Today well start with the reminder that the Small Business commission official public is the official public forum to voice your opinions and concerns about policies that affect the Economic Vitality of Small Businesses in San Francisco. And that the office of Small Businesses is the best place to get answers about doing business in San Francisco during the local emergency. If you need assistance with Small Business matters, particularly at this time, you can find us online or via telephone. As
House passes and aid package and some corporate bailouts may come at the price of corporate equity stakes. And gilead shares crash as reports suggest its potential covid19 drug flopped in trial. Good morning, everybody. Program. O the we see a sluggish pace reflected in european futures. Much weaker. Features down, plenty of reasons to be gloomy if youre looking for them in terms of u. S. Jobs data, eurozone pmi data. We saw that certainly have an impact. Lets have a look at u. S. Futures. We do see some negativity and u. S. Futures in u. S. Futures. But not to the same extent. As we continue to watch the earnings stories coming in, lets get a bloomberg first word news update for you. The u. S. House overwhelmingly passed a nearly 500 billion. Oronavirus aid plan the white house says President Trump will sign the legislation today New Washington time. Treasury secretary Steven Mnuchin once equity stake in exchange for a share of 17 billion in aid. He says Public Companies critical to N
Hemisphere this as analysts Capital Economics have predicted at least a 10 percent decline in the nations quarterly growth this due to the outbreak while russia still seeing a surge in cases with most of its capital and largest city moscow the virus lock down combined with the global drop in oil prices well theyve contracted russian economy activity by one 3rd according to the countrys federal tax service chief meanwhile the u. S. Still the global epicenter of the disease the u. S. Unemployment numbers are still growing the last week another 3200000 people filed for jobless claims bringing the 7 week total to 33500000 this while President Trump has renewed his calls for the Supreme Court to strike down the countrys Affordable Care act also known as obamacare this is a move criticized even by his own general attorney or attorney general rather according to sources. Obamacare is a disaster but we run it very well were going to replace obamacare with Great Health Care at a lesser price an
Small Business Commission. The meeting is being called to order at 11 05 a. M. Small Business Commission thanks Media Services and sfgov tv and the department of technology for televising this meeting, which can be viewed on sfgov tv 2, live streamed at sfgovtv. Org. Members of the public, who will be phoning in, the number is 888 3634735. And the access code is 4134030. When prompted, dial 10 in order to be added to the speaker line. The auto prompts will look at callers entry. The questionandanswer time. But this is the Public Comment period. If you call in before Public Comment is called, youll be added to the queue. When you are called for Public Comment, please mute your device that you are listening to the meeting on, when it is your time to speak, youll be prompted to do so. Public comment during the meeting is limited to three minutes per speaker, unless otherwise established by the presiding officer of the meeting. Speakers are requested but not required to state their names.
A wall toss away from all time high so basically even with the unemployment numbers the news wire was bad but apparently this is less that because last weeks tally was the lowest since shortly after the clinton virus was declared a pandemic so many analysts believe that we have kind of cycled through the worst of the 4 shutdown but on the other camp i dont think its true many think that the aftermath of the disaster is going to be the much bigger problem than the disaster itself its going to be the rebuilding and the reopening and this is not going to be a very quick recovery but the market in of itself theyre still up on optimism because were doing less bad the entire good news is bad news and bad news is good news narrative is still intact well we are waiting on a report for more numbers to come out for the month of april tomorrow well see if that has any effect on the market but danielle 10 year treasury yield fell by point 7 percent on thursday and now this comes after the week tre