Clerk yes. Committee members will attend this meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Comments or opportunities to speak during the Public Comment are available via phone by calling 4156550001. The meeting i. D. Is 1466846771. And then press pound, and pound again. Public comment will be available on each item on the agenda sorry. I just repeated myself. When connected, you will hear the meeting discussions but be muted and in listening mode only. When your item of interest comes up, dial star, three to be added to the speaker line. Best practice is to call from a quiet location, speak slowly and clearly, and turn down your television or radio. Alternatively, you may submit Public Comment to myself, the rules Committee Clerk at vic r victor. Young sfgov. Org. Chair ronen
Chair fewer good morning, everyone. The meeting will and to order. This is the october 28, 2020, regular budget and finance Committee Meeting. Im sandra lee few are, the chair of the committee, and im joined by the members, supervisor walton and mandelman. Our clerk is miss linda wong. I thank sfgovtv for broadcasting this meeting. Madam clerk, do we have any announcements . Clerk yes, due to the covid19 Health Emergency, the City Employees and the public and the board of supervisors and the legislativ legistate meetins closed. And precaution is taken to the local, state and federal orders, and declarations and directives. The Committee Members will attend through Video Conference and participate in the meeting to the same extent as if physically present. Public comments are available on each item on channel 26 and sfgovtv. Org or streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments are opportunities to speak during a Public Comment period
Action, announcing a fourweek shutdown of all restaurants and bars and france requiring people to remain in their homes except going out for essentials and here in the u. S. , a new round of coronavirus a hit to the economy because of recessions abroad. Guy, what do you say its fascinating. The market hasnt cared about a lot of stuff you mentioned except for this week i have been wondering why the market hadnt been selling off one of the things i was saying was it was stuck above 25, but the market didnt care so my views were dead wrong. Now the market cares i will paint a rosy picture tomorrow tomorrow they closed either side of 40. Go back and look i think june 11th it popped out at 40. You could potentially see a washout tomorrow morning down to 32. 09 which was a september low. Maybe close off those lows some huge earnings from these companies, maybe it will be the mother of return gains friday. I think 32. 09 is the likely place of support on the s p. Today was shocking, tim, but
Hour, likely to confirm thirdquarter results that beat forecasts. The first since the patriarch. It may losewarning Legal Protection over user content. Lawmakers accuse platforms of abusing their power for political speech as the election nears. First, lets get you started with a quick check of the markets. Sophie kamaruddin in hong kong. Sophie after the steep losses we saw for u. S. And european stocks, we are looking for a downside move here in asia with earnings also in focus and we have u. S. Futures edging higher early in this session. We do have aussie shares under pressure, off by. 4 this morning. This after the tech lead rebound we saw wednesday looking shortlived. And set under pressure, falling 3 after recording a 42 slump in profit. Those results coming in line with analyst estimates. Check out the aussie dollar holding about 70 but trading near a nine day. It could be in the making the next few days. Metzler about the board to check in on some other assets in focus. We are
United states over the past two weeks. Until we understand the magnitude and the potential duration of increases, it makes sense for us to pause, to make sure we are mitigating the virus, so we can continue to move forward and not backwards. We remain in relatively good shape compared to other major cities. We still continue to have lower infection rates compared to places like new york, philadelph philadelphia, denver, and los angeles. We continue to have the lowest death rate among major cities and the highest testing rate, as the mayor said, currently testing over 5,000 people a day. I am confident that working together we will again beat back the virus, as we have done two times before. But i wouldnt be me unless i reminded you, keep wearing those masks, so important, saving lives by wearing those masks, continue to physically distance, wash your hands, avoid large groups. The holidays are upon us and now is not the time to throw caution to the wind. Lets be here next year when, ho