Physically presentment Public Comment will be available for each item on this agenda. There a Public Comment callin number across your screenful your opportunity to speak and speak during Public Comment speder available via phone by calling 4156550001. Once youre connected and prompted, enter the meeting i. D. Of 1469328582. Then press pound twice to be connected to the meeting. When connected, you will hear the meeting discussion, but will be muted and your line will be in a listening mode only. When your item of interest comes up, dial star followed by 3 to be added to the speaker line. A system prompt will indicate that tough raised your hand. Please wait until the system indicates that youve been unmuted and may begin your comments. Best practices are to call from a quiet location to speak slowly and clearly and turn down your television, radio or streaming device. Everyone should can the for speaking delays and discrepancies between the live coverage and the straoel,. Alternativel
Good morning, everybody. The maoe willing come to order. Welcome to the october 8, 2020 regular meeting of the Public Safety services committee. Im rafael mandleman, the chair of this committee, and im joined by our vice chair and supervisor, our clerk is john carroll. As usual, id like to thank the folks at sfgov tv for staffing the meeting and i. T. In lending their support. Mr. Clerk, do you have any announcements . I do. Thank you very much, mr. Chair. In order to protect the public, board member and City Employees during the covid19 health emergency, the board of supervisors legislative chamber and committee will close v. This was pursuant to declarations and directives. Community members will participate in the meeting to the same extent as if they were physically presentment Public Comment will be available for each item on this agenda. There a Public Comment callin number across your screenful your opportunity to speak and speak during Public Comment speder available via phone
Billionaire tilman will tell us how he is preparing. What hes telling his teams for what could be a cold winter for the economy. Power lunch starts right now day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s p and nasdaq are at session highs right now. Lets go to bob for more on these markets. Bob. Chop it around a little bit i listened to the powellmnuchin testimony. I didnt see any narrative around fiscal or Monetary Policy stay at home stocks are back theres this narrative if we get more break outs in the u. S. Like we got if europe, they will be ben faeficiarie beneficiaries. All these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. Some of the banks are down 7, 8, 9 in two days this is another serious down trend in the banks the big thing im worried about is valuations. We cant figure out what tech stocks are worth look at appl
The markets. Ashley, first to you. Ashley well, guys as we say good riddance to september where all the major indexes posted a loss we embrace a new month but we havent come exactly flying out of the gates although green across the screen. The dow finishing slightly higher as you can see, about 1 10 of a percent after being down more than 100 points. S p up half a percent. But it was nasdaq showed the best performance of the new month up 1 1 2 . Like Charlie Brown with a rain cloud over his head investors are frustrated by congresss inability to agree on a new stimulus bill. With the markets going up and down with each competing headline from nancy pelosi and the treasury secretary and everybody else. As a result we saw stocks move for the most part today sideways in somewhat flat trading but as i mentioned the big tech stocks did manage to give the Broader Market some impetus. Amazon, microsoft, facebook, Alphabet Google all managed to make nice gains today which you can see gave the
Mr. Secretary, please call the roll. [laughter]. Thank you, madame chair. Prior to calling roll, i would like to note that julie chang is sitting in as director. With that i will now proceed to call roll. Directors, please respond when i call your name. Chang present. E. Forbes present. M. Hursh present. B. Lipkin present. J. Tumlin present. Vice chair gee present. Chair sesay present. Secretary directors, we have a quorum. Chair sesay and secretary, if i may just a point of clarification, this is a regular meeting, not a special meeting, just a point of clarification for the record. Chair sesay thank you, i appreciate that. Secretary thank you. Directors, the next item, item 3, is communications. Wed like to provide further instructions for the Public Comment process. To provide Public Comment, callers should dial into the published number, 18552826330, and enter access code, 126 729 5295. Then pound and pound again and listen to the meeting. As they wait for Public Comment to be anno