Similar percentage moves for the s p 500 and the nasdaq composite as well. The question becomes after the best week for the dow since 1938 last week, the best week for the s p 500 and nasdaq composite, are we starting to see a market bottom play out . Lets start here with our invest Investment Committee joe, what are we seeing here is this a market bottom we can see developing out in the next couple of days and weeks no one knows the answer to whether this is an absolute market bottom. What is going on is theres a significant trading bounce in the market and a lot of it is predicated on the end of month rebalancing we know will occur into equities. Today, very surprising there seems to be a high degree of optimism relative to the expectation were going to get a significant amount of negative news coming this week in the form of ism in the form of unemployment figures and in the form of continued negativity surrounding riding cases of coronavirus here in new york city which is the epice
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
Our clerk is ms. Linda wong. I would like to thank those from s. F. Gov tv for broadcasting. Can we excuse supervisor fewer. Please make sure to silence all cellphones and electronic devices. Completed copies of any documents to be included as part of the file should be submitted to the clerk. Items will appear on the next minutes. Can you please call item number 1. Clerk lease amendment lexington lion San Francisco, lp 350 rhode island streetnorth 2,600,000 rent credit. I would like to make a motion petitioner this to be continued for one more week. Before that i will take Public Comment. Are there any members of the public who would like to comment on item 1, seeing none, that item is closed. I would like to make a motion to continue the item to october 16. Clerk item 2 is resolution retroactively authorizing the department of Public Health, Behavioral Health services to enter into a multiyear organized Delivery System Intergovernmental Agreement for Substance Use Disorder Services w
Let me tell you, this centre is long overdue in the Omi Community. [cheers and applause] i want to start by thanking supervisor safaye, who is really, i think the best supervisor district 11 has ever had. Let me tell you, because of his work and advocacy, we are bringing more resources than ever to this community. We saved 21 units just on Mission Street where low income families were facing eviction. He took the leadership, we purchased that property and protected those units for generations to come. [cheers and applause] we know that you want your library and supervisor safaye and i are working to get it done for this community, making sure that even though sometimes i know over the years you felt forgotten, your supervisor and your mayor, were doing everything we can to continue to focus on bringing resources to this community. [cheers and applause] and you know, you only have to look at the data to know that a place to provide Employment Opportunities should have been here a long t
Projects, negotiated the ability to go up to one for one parking. This is far less than one for one. We added about 30 plus i think it is 39 spaces for over 137 units. The idea is that some of these families will have cars, that is a reality, and rather than impact the immediate neighborhood, well have them have this option. So all of those things together added to the cost, the time, the construction cost, the construction type, the size of the project, so we so excited about this. Weve gotten a commitment from the nonprofit partner and the Mayors Office that we should be able to break ground on this if all goes well, some time next year. Weve accelerated that timeline working wit chair anwith thechair and the committ, because there is eraf money that has enabled us to accelerate these projects. 4840 and upper yard are two of the highest priorities. So were ready to go. Were ready to build, and we really appreciate all of the hard work that the Mayors Office of housing and their team,