Amd to buy xylinx. Is there more room to run on amd . Well explore that one when power lunch begins right now earnings season is supposed to be a report card for companies. Lets go to bob pisani for more on this lack of guidance bob . Kelly, once again, the Fourth Quarter, another quarter with the lack of guidance its a bit of a problem because the analysts again having a hard time figuring out what the right numbers are. Remember, the earnings numbers have been coming in very well, generally weathering but again, big companies, no guidance from caterpillar, 3m, xerox, Stanley Black and decker. Others like Harley Davidson didnt give guidance either. Raytheon, corning. No guidance from companies. Analysts have a tougher time and theyve been very conservative and wrong so far fortunately wrong on the conservative side. Look at all these companies out there. 83 are beating for the Third Quarter and theyve been beating by almost 20 . Its an amazing beat and shows you the analysts have been
The nasdaq at 2. 0 we can buy the stock we can buy the recovery stock once we get a vaccine. We have people returning to the cities we buy the apartments. We have a lot of people eating at home will soon eating out again with a vaccine so not by the food packet place and the restaurant thats adventure wisdom. After a huge run over the last week and a half where the market is very over bought and a ton of strategists raising 2021 dramatically i am going to articulate a different field, a caution one it never works out that everyone wins i am going to sigh at tay at th beginning. I dont think all of this will happen you got to know, maybe have some cash if stuff happens, you can use the buy. First, it is terrific that we can see through the valley of the shadow of covid. Jesus, we are seeing at insane number of new infections here to the point where hospitals are overwhelmed. While we gotten much better treating the virus, it is undeniable we are approaching a triage situation. Not good
Our ability to be able to respond to that demand a really predicated on the number of individuals that we have to serve the Business Community. The San Francisco business portal was up until this last year was being managed through Digital Services and we are not going to be doing any more Technology Enhancements to the business portal. Much of what was being planned, it will now be service through the Onestop Center at 49 south venice. Were talking about equity and the individuals that our business councillors serve. The highest percentage of who we counsel are businesses in their prestartup mode, which is very critical because this really helps the businesses know what is ahead of them so that theyre planning early in advance of what are the citys requirements, connecting them to resources, so if they have not drafted a business plan, were connecting them to one of our Economic Development organizations. To help them with that. If theres a need for access to capital and financing, we
When youre called for Public Comment, mute the device youre listening to the meeting on. When its your time to speak, you will be prompted to do so. Youre limited to three minutes a speaker unless otherwise established and speakers are requested and not required to state their name. Sf gov tv, please show the business slide. We will start with the Small Business commission this is the Business Forum to voice your opinions that affect the Economic Vitality of Small Businesses in San Francisco and this is the best place to get answers about doing business in San Francisco about the local emergency. If you need assistance with Small Business matters, you can find us online or via telephone. As always, our services are free of charge. Before item one is called, i would like to start with thanking Media Services and sf gov tv for coordinating this visual hearing and special thanks to michael for moderating the Public Comment line. Please call item number one. Item one role call . Item two,
The markets are telling. Abigail, are you there . Abigail we are looking at the s p 500 down 3. 5 after the worst quarter of the s p 500 going back to 2008. The russell 2000 down 5 . Last quarter the worst quarter ever. The stop selling we have seen this year on the coronavirus crisis, human tragedy is continuing right into the Second Quarter. It seems today to be a combination of technical factors and key support levels broken late yesterday so the sellers remain in control. Plus the fears around the virus as it is hitting the u. S. , the peak ahead in terms of what the fallout could be through the human tragedy weighing on wall street today. David exactly. It is not lost to me that President Trump came out yesterday after the markets had closed and said this would be tough for the next two or three weeks. He said it would be one of the most difficult things the United States has ever faced. How much of the Market Reaction does not have anything to do with the economy, it is the virus