That. Right i think that the shock value of that is maybe more, lets say, the bark versus the bite i think that theres a belief that we could get a lot a much better picture of what the Health Situation is going to be like in november so its a little premature to be able to say what the president is saying and its certainly contrary to what he was saying about the idea that we do have a vaccine very soon. If we have a vaccine very soon why do we have to delay the election and why does it have to be crooked i think you cant have it both ways you can have the vaccine come out and have a gd election or you must know that the vaccine is not going to come out and you will have what he just tweeted but whatever it sows chaos and chaos is bad for the stock market. We did get some promising vaccine news out of j j as they move to human trials in the u. S. And belgium the earnings which we will talk a lot about this morning are basically shaming the analysts, virtually surpassing the entire ran
Cyclical recovery here. I guess thats something for the day. Based on the Technical Levels like the 200 day moving average, there are bullish signals out of the small and midcap space. Caroline what is the number one risk on your mind . Please ask that again . Caroline what is your number one risk . U. S. China . Deteriorating earnings . Coronavirus and a lack of a vexing . Vaccine . There are always risks that keep you up at night. Longerterm, ive never seen the monetary stimulation i have seen in the last six months were money growth is rowing at 80 annualized. I think ive been wrong that inflation has not surfaced but i do believe it will so longerterm i worry about inflation because it erodes the real return of the tone of stocks. I worry that post qqq earnings season as they move into the number that we have democratic sweep and what it does to the Corporate Tax rate, that is a risk as well. Caroline great to get your expertise. Breaking news. Microsoft out with earnings. The clou
Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl
We dont do that in america. I know. Because theres a huge distance between that kind of invasion and the stuff im talking about, which is stuff that we can control. We can control muni. We can arguably vote bart. Theres a huge difference between monitoring people on their cell phones that we do not do and will not accept in our culture and what you are recommending. Can you bring that together quickly now, sir. I would say the key issue is for us to minimize, to the extent possible, nonessential travel, including locally and we dont have a campaign to do that right now. Becausbecause what happens is tt this is so massive, so massive, that a lot of the enforcement happens from the peer pressure and they see what other people are doing. So at this moment, even for this order, we dont have a Massive Campaign yet to really, really enforce how important it is to not be out. As the chief Health Official of this town, who is not dr. Colfax, how are you relaying that to the mayor, to other off
Fewer present. Haney present. Mandelman present. Mar present. Peskin present. Preston present. Ronen present. Safai present. Stefani present. Walton present. President yee present. All members are present. President yee thank you. Would you please join me in 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. President yee so on behalf of the board, i would like to acknowledge the staff at sfgovtv who record each of the meetings and make the transcripts available to the public online. Thank you. Madame clerk, any communications . None to report, mr. President. President yee thank you. I do want to take this opportunity to share with the public that given the stayhome order issued yesterday by the mayor to reduce the spread of covid19, the board of supervisors will continue to meet and deliberate on essential action items during this time