Good morning. I call this hearing to order. Before i address the topic of todays hearing i want to say a few words about whats happening in communities across our country today. This is a time of great pain and unrestfor our nation. Americans are truly outraged by recent killings. Anyone who watched the video of the murder of george floyd has to be horrified and heartbroken. The resulting peaceful protests about police abuse against any american citizen are important and necessary our nation needs to listen to the voices of africanamericans about police brutality. Every american citizen deserves justice under the law. Some of the peacefulprotests have been hijacked by violent criminals. The destructing and looting and arson must stop. Those who commit these crimes dishonor the memory of george floyd and dishonor the cause for which the Peaceful Protesters first took to the streets. Now in a moment of americans to come together to listen and to heal. The goal of this hearing today is to
Domestic and geopolitical tensions, everything from what is going on in minneapolis to the president versus twitter. We will obviously be taking you through those stories and a lot more throughout the day. The s p 500 is down 0. 25 . Dollar general is once again the best performer today, but retailers lower in the s p, from gap to nordstrom. Harley davidson down 7 , matt. I know you take a special interest in harley. Yuan something we are at. Ng a close look some pretty broad we getting this last week. Right now offshore, the yuan is 7. 1666. At the dollar has been weaker, but it has also been above 99 this week as well, so plenty of whippy action for the dollar index. Gold futures up 0. 8 . A lot of fed speak as well. We will be discussing what Loretta Mester said to bloomberg a little earlier on in a few moments, and we have Jerome Powell coming up in the next hour. 6 t Harley Davidson down yesterday, so it has lost basically 1 10 of its value over the last couple of trading sessions
That we have this morning. Well, houston is considering new lockdown confirmed coronavirus cases surge, florida recording cases in single day. Republican Convention Speech will take place in jacksonville. One Harvard Health expert is warning the u. S. Will hit 200,000 deaths in september, he joins us next hour. Check directly to americans. Police reform. President trump calling for Police Departments to meet the most current professional standards of force saying he will afounds announce four step plan centering minority communities. President trump warning, if leaders cant take back the city, he will. Microsoft keeping its facial Recognition Technology from police falling in the footsteps of rivals apple, amazon. Big business of youtube. Producing you to the people gaining popularity and making money from posting videos. Today the moms behind parenting videos scoring 60 million views a month. Mornings with maria is live right now. Cheryl taking a look at europe right now. Green across
We have a quorum. Could you please read the announcement. Dont to you covid19 Health Emergency and given the Public Health regulars issued by the San Francisco department of Public Health, they have lifted restrictions. This meeting is held Via Teleconference and held by s sfg tv. Please be aware theres a brief lag time between what is being viewed on sfgtv. I would like to extend our thanks to the staff for the assistance of this meeting. If you wish to make Public Comment on an item dial 888 2733658, access code 3107452 and pound followed by pound again. Dial 10 to be added to the speaker line and you will hear an automated voice that when tell you when its your turn to speak and your twominute speaking time will begin. These instructions will be repeated. If they havent done so, ill ask the commission and staff to mute their microphones to minimize background noise. Your first order of business is approval of the minutes of may 26th, 2020. Commissioners, before you, you have the min
With Second Quarter volumes that may fall as much as 25 . Ap mollermaersk, the shipping company, said Second Quarter volumes will take a huge hit. You see a top german judge, one top german judge says the ecb is not the master of the universe and must be held accountable. This is Angela Merkel and Emmanuel Macron agreed to open the france germany border. U. S. Medical advisor Anthony Fauci ways in on the Market Sentiment, warning against reopening too soon. Stanley druckenmiller adds to the downbeat tone, saying the equity risk reward is the worst hes ever seen. Finally, a loss in the First Quarter. Putting aside one third of one billion euros for virus provisions. We speak with the chief Financial Officer between or lot in the next three minutes view minutes on the effect of the coronavirus. Ap mollermaersk, First Quarter revenue beating the estimate. 10 billion. 9. 57 billion in the First Quarter at maersk. The estimate was 9. 36 billion. The ceos who we are going to speak with momen