Vaccine. Finding a compromise. Agrees to slowly add more Oil Next Year after days of an stoxx. The Saudi Arabian energy miss mr. Process excruciating. Happy friday. It is excruciating for some of those journalists who stayed up late for that press conference. Look at where we trade friday morning. The s p 500 a bit over concerns roll outow pfizer will that vaccine. We are pushing a little higher this morning on the futures. Is this durable . What stands out is a record in the u. S. , a grim record of high infections as well as hospitalizations. Hospitalizations at the highest rate we have seen the entire time this pandemic. With rates increasing, that means more lockdowns of economies in cities and states. Gavin newsom in california warning california they could be next. The labor market, we will get a read on today. The november jobs report will come out today. Lets take a look at brent crude, testing 50 a barrel, 1. 9 percent higher. You had the opec plus meeting yesterday. Brexit ta
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Higher. Eurodollar up by 0. 4 . Is the ecb getting worried at this point . 1. 2163. The dollar is broadly lower. The pound just taking out 1. 35. We havent been at these levels since this time last year. What is fascinating here is what is happening with bond markets as well. Weve basically got yields and stocks moving in the same direction. That is something that is pretty interesting now. It certainly points to this reflation trade at the moment, with the catalyst still having legs. Alix the question is how long is that last. Lets dig into some of the top stories guy was minting. Germany extending its partial lockdown. Sweden shutting some schools as well. Joining us with more is sam fazeli, Bloomberg Intelligence senior pharmaceutical analyst. We have seen more targeted lockdowns and extensions. Is any of that working now in europe . Sam yes, they are. Funny that we have countries going at different paces which is normal because they have different issues with regards to the number
Facebook. And support the amazing events at the funds with this quarantine dance this weekend. Visit the website to learn more. And i left off fred. Fred is going to kill me. Thank you to our executive director fred, who is as we speak is watching and working so hard to put together an amazing virtual pride event. Thank you, thank you, thank you, fred lopez. Thank you all so much. Take care and show your pride. So great to host with you, carolyn. Great to host with you. Happy pride. Thank you all. Bye. Good morning. The meeting will come to order. Welcome to the thursday, july 16 meeting of the government oversight and audit committee. Im joined by vice chair aaron peskin and Committee Member matt haney. Thank you to john carol and i would like to thank sfgovtv. Mr. Clerk, any announcements . Yes, thank you, mr. Chair. In order to protect board members, City Employees and the public during the covid19 health emergency, the rooms are closed. This is taken pursuant to various local state
And again, its at the early stages but i did see the announcement and would very much like that to be included in future updates. Thank you. Thank you. Are there any members of the public who would like to comment on this item . Chair, there is no Public Comment. Ok, Public Comment is closed and there is no action to be taken and so we can move on to the next item. Item 6, allocate 11,230,724 in sale tax funds and 1,043,89, 1,043,898 and double a Registration Fee fund with conditions. This is an action item. Miss leport. Good morning. Chair, are you able to see my slides . Yes, we are. Super. So the first of the three requests presented today is for the annual funding that the sale tax Program Provides to the paraprogram and weve been supporting this Program Since 2004 and there are a suite of services that mta offers as part of the Paratransit Program, most of which are still operating, of course, with declining ridership or lower ridership to the tune of 70 to 80 overall. Over the la