Washington today, we are holding this hearing virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. Remote hearings certainly are not the same as sitting together in our Committee Room and you should know. The new authority has allowed us to continue to do our work a behalf of the American People, while keeping our staff, families and broader communities this is the First Official Virtual Committee hearing in the United States house of representatives. As we begin this historic proceeding, i want to underscore that i plan to continue this committees long tradition of collegia collegiality and substantive debate even as we conduct our business from afar. I will continue to work with Ranking Member and his staff to make sure that all Ranking Members are respected in the knew virtual format. Before we turn to todays important topic, i want to remind members of a few procedures to help us all navigate this new platform. First, consi
7. 5 . Is up more than a test flight about to get underway. The 10year yield, 64 basis points. Lets get a deeper dive into the market action. Kailey i want to take an outside view. This is the fourth consecutive day we have moved to the up or down signed by more than 1 on the s p 500. We have not seen this since back in april. Look at where we have gone in the past 21 trading days. 3 . Y more than 6 , down by now we are essentially flat over that time period. I want to focus on todays session, you mentioned it is the dow outperforming, up 1. 3 . That is largely thanks to boeing. Boeing is up nearly 8 today on approvedafter the faa a critical set of test flights for the 737 max. This is not just good news for boeing and the potential recertification of that jet, but suppliers as well. You see the likes of raytheon and General Electric higher as well. Iifting away from equities, want to look at fixed income. We are quickly approaching the end of only one day to go. We are looking at the
Chris jackson. On communication director for color change, the Largest Online Racial Justice organization. We are partnering with one world tonight to make a virtual space for critical conversation between editorinchief of one world Chris Jackson one of our most powerful organizers and visionaries, alicia garza. In 2014, alicia garza wrote a Facebook Post that change the world and created a movement. It read black people, i love you. I let us. Our lives matter. Black lives matter. Movement continues today and tonight alecia and chris will discuss the importance of resistance and resilience and how they ground the work in a vision for collective humanity. Color change we believe everyday people are powerful enough to end the practices that are Holding Black people back and harming our country. We Champion Solutions that move us all forward. In the last two weeks, we have helped 6. 5 Million People take action for Racial Justice in our country and we are thrilled to partner with one worl
Thattart to see some of speculation in smaller cap to midcap names. Keep in mind, the rebalancing of the indices, that actually took effect today, so you will see a lot of the smaller names move into those midcap and largecap, the russell 2000, the russell 3000. Taylor we are getting some comments from fed chair jerome powell. Congressional testimony tomorrow. He is saying the path forward is extraordinarily uncertain and really hinges on this virus. Untilecovery is unlikely people are confident it is safe. Incoming data beginning to show a resumption of activity. A new phase is sooner than expected. Millions of jobs are still lost. He is repeating that the fed is still committed to using a full range of tools. Below,y keeping rates buying bonds as well. Romaine the other thing that is going to start to drive this is corporate earnings. Micron earnings crossing the wire. The three q numbers, adjusted eps, above the estimate for . 77 on an adjusted basis. For 5. 3. Are looking company h
Ages ive gone my job so i have so stay is an i feel like the piano and music in general with my voice together i feel really powerful and strong s. Fewer good afternoon. Well start with the meet and i welcome our councilors and president norman yee. Id like to thank our clerk and thank you sf gov tv for board offing this. Madame clerk. Clerk the city chamber and Committee Rooms are closed and others will be participating remotely. Caution is taken various local stayed and orders and directors. Well have the meeting through Video Conference and Public Comment will be available on each item on this agenda and theyre streaming the number across the screen. Each speaker will be allowed 10 minutes to speak. Opportunities to speak during Public Comment period are available via phone call by calling 415655001. Access code 145 254 1827 best practices are to speak clearly and alternately you can email for Public Comment and theyll be forwarded to the supervisor and included part of the file and