Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
First a few administrative matters. We have gotten advice from the sergeant at arms, the health and Human Services centers for disease control, individuals in the hearing room will he at least 6 feet apart. There is no room for the public and therefore but this is all streaming and therell be an unedited version of it that anyone can watch later. Witnesses are participating by videoconference today and some senators are as well. I like to Say Something about mask. The office of attending physician has said since we are 6 feet apart we dont need to wear masks although some may. Thats why my mask is off. Although i have one and i wear it outside because as dr. Redfield reminded us yesterday its extremely important tool for stopping the spread of covid. Im grateful to the rules committee, sergeant at arms the press gallery and the Capitol Police and chung check in the Evan Griffith r. Staff, all their hard work in helping to keep us safe in helping us do these conferences by video with wh
And clerk john carroll. Thank you to sfgovtv for airing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Both cable channel 26 and sfgov are scrolling a Public Comment announcement across your screen. To call in to the meeting, dial 4156550001. Enter the meeting code 1464157487, then pound, and pound again. To comment on an item, press star, three to enter the queue. Alternatively, you may submit Public Comment in either of the following ways. You may email me. I am john carroll, and im the clerk of the government audit and oversight committee. My email is john. Carroll sfgov. Org. Or you may mail in your comment to city hall. The address is 1 carlton e. Goodlett place, San Francisco, california, 94102. Items acted on today will appear on the board of supervisors agenda of september 15, 2020, unless otherwise stated. Chair mar thank you, mr. Clerk. Can you please call items 1 and 2 together. Clerk yes. Item 1 is a resolution receiving and approving the annual report
Eakins support and, you know, staff continuing to look for opportunities to get all of the infrastructure work done during this closure period. Very, very glad to hear there may be some improvements on the wifi communication capabilities and stations and that is super important to the User Experience for writers, but also safety, you know, one of the concerns that ive always had, when im stuck underneath the underground and theres delays with my kids and we cant get anywhere and we cant really communicate with the outside world. So this is really very important going forward. So thank you for thinking of that. Before i open it up to Public Comments, any final questions . No, ok. Moderator, can you open the line for Public Commenters. You have two questioning remaining. You may start. Speaker this is herbert winer and my concern is this. I believe that the subway has been under budgeted all along and you dont have uptodate equipment and, basically, the reason is, the funding was reflect
Under valued it sounds crazy. We had a remarkable blitz up we just came after that brutal sell off all the buyers vanished. Now suddenly were back dow surging 328 points and s p jumping and nasdaq pulled 1. 87 . Why . Why did it happen . Why was so great today because today is merger monday monday used to be the day we always came in and merged and stopped. Guess what its back and bigger than ever so i bought out the merger both. Merger. Merger merger. Yes i havent used the merger both, i dont know, four or five years and its back. All right, all right, all right. Back and bigger than ever. We spent a lot of time trying to figure out what stocks are worth, right the price to earnings. Price to sales and book value. All that stuff we try to do. There is another way to value this business. You look at what another business might be willing to pay for that business and today we got a wave of huge mind numbing deals that suggest there are many real bargains in mna. Merger. Merger merger. L