Guest it is an information revolution and weve been watching it for the past halfcentury. Computers overwhelmed Media Advertising and it spread into telephones and we were carrying around the internet wherever we went and in the next stage the internet and mobile machines will be carrying us around so it is going to be an age in which all kinds of new choices are going to surface for us and we are going to be able to go a lot of places and it has a big effect on our cities and at the same Time Companies and city governments are going to be able to manage our movements and that will result kind of questions about privacy. It is just the next stage of the internet revolution. Host imagine a scenario, los angeles, 2028. What should we expect . One thing about information resolutions is we cant bet on dates. Weve seen it before with cell phones, Michael Arthur and i were in paris at the turn of the century in 2000 and we were predicting smart phones were going to change communication by 20
The bloomberg terminal. Reopening in america, President Trump urges the u. S. To get going again, even if it leads to more death. Chinas ambassador to washington calls for an end to the blame game over the coronavirus origin. More pain for europes banks. Lenders try to estimate the damage to their Balance Sheets from the coronavirus shutdown, and the ecb stands by its inflation mandate after a German Court Ruling on its qe program. Bond investors expressed concern about the Central Banks latest ofonavirus stimulus in light that decision. We are under an hour away to the start of cash trading across the continent, and in Great Britain, lets look at futures this morning, pointing slightly lower after a decent rally yesterday, although it was a rough start to the week for European Equity indexes. We are looking at drops of about. 1 right now on the dax futures in frankfurt. Higher in thedge cash trade yesterday. We are seeing futures edge higher once again today, so. 6 gain across the s p
If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
And if you want more information, you can please visit datasf. Org covid19. Its or tracker with detailed information around testing and other helpful information by zip code that people may be interested in seeing. And today, i had a couple of things to talk about specifically, the new health order issued on friday by our county Health Officers and i really mention this on friday, but i think this is really exciting, that even though we still have challenges that exist, the ability to allow people to get back to work is so important. And construction in our city will be allowed, as well as outdoor businesses and today, i just want to express, again, my appreciation of the outdoor activities, outdoor businesses and how important it is to make sure that we start to gradually get back to business. We know our governor announced a plan that he will release on guidelines, as well as timing of when some of our Small Businesses, our book stores, small retailers can get back to work and i thin
Budget, were projected were projected to receive 3. 8 million. We given that we expect these revenues to be lower, we are conservative in our programming recommendations, only recommending to one fiscal year at this time. And giving First Priority to backfilling the projects that were funded in the prior cycle. So, that program of projects was shown on the prior slide. And also funding the latenight owl service on the 44 and 48 bus lines. Should there be funds left after backfilling any decline in revenues from the prior cycle, our second priority would be to direct any remaining funds to sfmtas Paratransit Program. So t next steps following the board action that we are recommending today would be to submit the priorities to m. T. C. And then return back to the board in the fall with an update on how revenues are looking from this actual program. They could be, you know, half of what are estimated at this point and [inaudible] the spring, around this Time Next Year to recommend options