S San Francisco has been doing a great job flattening the curve and sfds has been a big part of that. The stepsky foundation and Silver Giving Foundation at 225,000 and somaland foundation 476,000, linkedin, 146,000 and the Webb Family Foundation at 70, Golden State Warriors at 50 and walter and alysse haas fund and the Tipping Point community at 25, and the stepski foundation is 20 and i want to thank all corporate and giving foundations and individuals this is a Response Fund the ones their gave before throughout the year and this is the ones for the covid19 response. And toma bravo at 1. 1 and anonymous at 11,000, Golden State Warriors at 125 and the hellman foundation, 50,000 and palms against poverty is 28 and herbert and Gene Foundation at 25 and facebook is 20 and cohen elevators is 20 and the wells fargo 20 and google fiberton 10. Wellington management 10, the 697 and alaskas airline 5,000 and odell family and dennis wulliver kelly and these are all that have given towards are
Proposals that would reduce our general fund support by 10 for the first year of the twoyear budget. And then that grows to 15 in the second year plus an additional 5 contingency. And effectively at 10 in the first year and another 10 for a total of 20 in the second year. So that is a big budget target. It is significant portion of our general fund support. And this is also an instruction that is relative to its almost like were going to start again fresh on the budget. So in our previous proposal that went to the commission in february, we had balanced our budget around some initiatives that we prioritized as a department. But we will have to again to reevaluate and rebalance around those to the extent that were able to go firs forward with the initiatives in the new budget environment. Next slide. So the timelines the reduction plans are due to the mayors Budget Office by june 12, 2020. So its a very fast turnaround and that is driven by what i described before, the fact that weve go
We celebrate the opening of the United Kingdom to sport. They can do it. We cant. Theres no question about that. Apple will come out today and do the virtual dog and pony, or whatever they do in the talk about new stuff at apple. And also, we look at the markets, which are up nicely. Jon ferro, there is sort of an effervescence to this monday, even off of the odd political news over the weekend. Jonathan i would say take a look at the german debt market. The 30 year yield has just turned negative once again on the session. Subzero german 30 year yields. I have no idea what the bond market is meant to tell you anymore, given the president of the ecb on the fed. What is the story you take away from a bond market that is in a central bank induced coma, and has been for several months . Tom i look at the swiss 20 year , but the german 30 year can tell you a lot as well. That tells you about the common nation of governor bailey with an essay for bloomberg news, really talking about the hors
Were going to go back to steve as soon as we sort out the audio. The main information, 100 was the vote in favor of this decision as steve was just beginning to say, theysh no plans to raise Interest Rates through 2022, and said theyre committed to providing more support following shutdowns to contain the coronavirus. The dow is still down about 150 points we still have the tenyear treasury yield kind of drifting toward the lows of the session before the decision hit. Steve, let me bring you back in here im sorry. Well go back to steve in a moment were running through the tenyear troishry yield. Now just a mare john, is there more you would like to hear sorting through the statement . It looks like they have made a statement about continuing bond purchases at current levels i think thats a pretty big deal they had been tapering bond purchases, and i think what theyre signaling today is theyre not going to continue to taper that i think importantly theyre looking for bond purchases to h
There . Commissioner guillermo im here. Clerk thank you. And is commissioner chow on the phone by chance . Commisioner chung yes, i am and i will try for the visual connection as the phone goes on. Clerk okay. And commissioner bernal, i believe that you have smgz to say . President bernal thank you to my chigdzers and welcome to all of the members of the public who may be viewing the Health Commission meeting for tuesday, may 19th. Before we begin i wanted to let everybody know that the commissioners and i have sought to with the support of the mayor, beginning in june to meet twice a month with remote meetings. So on the first and third at a new time at 3 00 p. M. The meeting on the first tuesday of the month will include a covid19 update and a d. P. H. Update and contract items and d. P. H. Program updates. And the meeting on the thursday tuesday of the month includes covid19 updates and well focus on the General Hospital and the laguna honda related issues. So with that lets move on