Possibility china might make efforts to im pose security measures on hong kong has some worried especially in asia today. My goodness, thats despite the fact that we did actually get some we started with vaccine data driving the markets. Look at the rally on monday to start the week off of the moderna news you had those positive vaccine comments from dr. Fauci saying the data looked promising, but its being overshadowed by everything playing out in china, whether its the situation with hong kong and what is essentially being seen as something of a power grab through a National Security lens or intentions between the u. S. And china more broadly and some of the policies that weve seen start to come in this week as well its interesting to see in general how this week has played out in the markets because reopening from a week to date standpoint has really led the way here it is the russell 2,000, the small caps which are seen as a proxy for the reopening efforts now that we have 50 state
Of essential workers and whats available. What we plan to have this summer and what people can do to either sign up or what other programs to do to prepare under the new guideline for the programs that they want to make available to people. So, lets get started. Phil, you we hit the ball running, both you and maria su got together because we knew the schools were going to close. But we also knew that there was an essential workforce out there. People who were driving muni, people who were working at hospitals. They had children. They needed child care. They were concerned about taking their children to their elderly parents. They couldnt leave them at home. Tell us a little bit about the program that you established that is available currently and will potentially be extended once programming starts for june 15 during the summer. Thank you, mayor. Yeah. You asked us as soon as the schools closed to start thinking about our kids and working families, particularly our Health Care Workers
Clerk. Can you please call item number one . Yes. Item number one, hearing budget process and updates for fiscal years 20202021 and 20212022, hearing to review the budget process and related updates and requesting the Controllers Office, Mayors Office of Public Policy and finance and budget and legislative analysis to report. Public comment should call the number and then press 1 and 0 to line up to speak. Thank you very much. And today we have ashley from the Mayors Office. Kelly kirkpatrick is also available to answer any questions. Also, mr. Ben rosenfield, our controller, can join us for a short period of time. As reminder, the focus of todays meeting is to hear the mayors budget instructions and process for departmental budgets and then mr. Rosenfeld will share Historical Context of past recessions in our next meeting. Ms. Grockenberger. Thank you, chair fewer. Good afternoon, supervisors. Im the deputy budget director in the mayors budget office. Today im going to walk you throug
Announcer sfgov tv. San francisco government television. [gavel] chair peskin good morning and welcome to the San Francisco county Transportation Authority meeting for today, may 19th, 2020. Our clerk is ms. Angela tsao. If you could please call the roll. Clerk commissioner fewer . Commissioner fewer present. Clerk commissioner haney . Commissioner haney present. Clerk commissioner mandelman . Commissioner mandelman present. Clerk commissioner mar . Commissioner mar present. Clerk commissioner peskin . Commissioner peskin present. Hold on. Clerk commissioner preston . Commissioner preston present. Clerk commissioner ronen . Commissioner ronen present. Clerk commissioner safai . Safai absents. Commissioner walton . Walton absent. Commissioner yee . Commissioner yee present. Clerk we have quorum. Chair peskin thank you, madam clerk. Do you have any announcements . Clerk yes, i do. Thank you. Public comment will be available for each item on the agenda via telephone by calling 888 2045987
We are then told that right after the tour, hes to deliver remarks. We will take you back there as soon as the speech begins. It all comes as the market sinks slightly after the Labor Department reported that nearly 39 million americans are now out of work. 39 million total. The bears holding the edge over the bulls right now as businesses do slowly come back online. Lockdown orders come to an end here and there, but for now, the dow jones industrials, s p and nasdaq are colored red. Dow is down 84 points. We have the s p down 18. The nasdaq lower by 63. So how then do you square the reopening of the u. S. Economy with worrisome news that millions of americans are falling behind on credit cards, mortgages and auto loans . We have one of the biggest fish in the wall street pond. Jpmorgan Asset Management chief global strategist david kelly is here to reveal the data he uses to cast his net for market winners and how deep he thinks the covid19 recession might just be. Despite the continu