Nobody wants a second wave. The market starts the week on the upside again. Investors like the get back to work trend and there are several forecasts of imminent recovery for the economy. Secretary mnuchin says there will be a rebound july, august and september. The dow is looking at a 200 point gain first thing this morning. Thats close to 1 . A nice gain for the s p, close to 1 . The nasdaq will be up over a half percentage point. Now, the reason the nasdaq is up, because of this. This week, many Big Tech Companies report their financial position. Strong results expected because the virus lockdown has a more limited effect on these companies. Premarket, most of them are up. But look at oil. No joy for the drillers. They are looking at 12 a barrel and the worldwide glut shows no sign of easing. Over the weekend, the price slump claimed another victim, diamond shamrock. The drillers declared bankruptcy. The price of gas still falling, albeit slowly, about one cent down a day. The avera
Settings, homeless as well as First Responders and healthcare workers and those who may not want to go home because of concerns around impacting families. We have been able to because there is even with the declaration of emergency, there is still insurance to be worked out, staffing needs and security needs and support and resources. So far we have been able to this week secure at least 300 hotel rooms for selfisolating or quarantine for folks in the sro or those who are homeless. We estimate by next week we will secure at least another 3,000. Bringing on some much needed hotel rooms, and we will keep working towards making sure that those people who are in congregate settings and other places have a space to themselves so that we can reduce the transmission of the virus. That is the update that we have so far. I want to take this opportunity to especially thank the people who are here at moscone south, those working every day in the Emergency Operations center and doing the hard work
Committee members will attend the meeting through Video Conference or by telephone and participate in the meeting as if they were present. Public comment will be available for this agenda via the number scrolling across the screen. Best recommendation is you call from a quiet location, speak slowly and clearly, and turn out the t. V. Or radio. If you would like to submit your Public Comment via email, please submit it to me linda, linda, wong, wong, sf. Gov. Chair fewer thank you, madam clerk. Can you please call item 1. Clerk yes. [agenda item read]. Chair fewer thank you very much. We have john lau from the office of economic and workforce development. Yes, supervisors. I have a presentation, which i am opening now. Can you share your screen . I just did press share. I do not see it. Ill try to open it again. John, if you hd like, i ca pull it up quickly. Let me try again now. Chair fewer, you have someone on your roster. Chair fewer okay. Supervisor walton chair fewer, if i could sa
Role call mr. President , all members are present. Thank you. I guess this is unusual, but ill say it. Please place your right hand over your heart and would you please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board, i would like to acknowledge that sfgtv record each meeting and make the transcripts available to the public online. Madam clerk, any communications . Yes, mr. President , issue have one. Due to the covid19 and to protect City Employees, Board Members and members of the public, the board legislative chamber is closed for the march 24th, 2020 Board Meeting upon action made bit board of supervisors to conduct their meetings Via Video Conference call remotely. This precaution is taken on the authority conferred b by the governors order. The members will attend meetings thro
Ive started preliminary discussions as to what it would cost should we decide to lease the tenth floor for the remainder of our lease here in this building, which runs through 2024, and that would be a way for us to have the space that we need as we go forward into the next two budget years. And so that is a 630,000 allocation. Thats just an estimate from the building as to what they would charge us to rent that space. That rate is based on what they most recently negotiated with the city with the law library, and it is higher than what were sitting at today. But the rules say they would have the same term of the lease. Were paying 44 a square foot for the space we have in this building, but that was a lease we entered into back in 2014. This represents roughly 60 a square foot for the Additional Space on the 10th floor. And with that, i would be happy to answer any questions. Questions . Comments . I have a couple comment questions okay. I take it that finance committee went through a