Madam clerk, do we have any announcements . Clerk yes, due to the covid19 health emergency, the City Employees and the public and the board of supervisors and the legislativ legistate meetins closed. And precaution is taken to the local, state and federal orders, and declarations and directives. The Committee Members will attend through Video Conference and participate in the meeting to the same extent as if physically present. Public comments are available on each item on channel 26 and sfgovtv. Org or streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments are opportunities to speak during a Public Comment period via phone call by calling 1 415 6550001. Again, 1 415 6550001. And meeting i. D. 1466495693. Again, 1466495693. And then press pound twice. When connected you will hear the meeting discussions but you will be muted and in listening mode only. When your item of interest comes up, dial star, 3, to be added to the speaker line. And ca
Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00
[indiscernible conversations] President Biden good afternoon, everybody. I know the press has had a long session with the team here about what we are going to be talking about today and this afternoon. ,let me just start by saying i cannot tell you how much i appreciate the three people standing next to me here for what they agreed to do to help. Particularly my best buddy, john kerry. Asking a former secretary of state to come back and do this, i know it has been a big ask. It is my fault. I was going to blame kamala as well. Vice president harris why not . [laughter] President Biden i dont think anybody knows more about the issue. And the damage that has been done by some of the executive orders from the Previous Administration. We will get to it. Today is climate day at the white house, jobs day at the whe house. We are talking about about american innovation, products, labor. We are talking about the health of our families, cleaner water, cleaner air, and the health of our communit
Slog, which we are in right now. Slog, that is a pretty good way stalling economic recovery. Pandemic fatigue setting in. It is hard to swallow. The worlds better with covid, such a long way to go. Today we saw the pressure put on as investors left without a new stimulus deal and see a spike in cases of covid. Joe, were going to be digging into this slog. Joe it sort of feels like today is the day that its really daunting on people. This is really real. There really is a surge here. If you want to call it a different way. Kind of besides the point whether it is in europe where we are seeing hospitalizations, deaths, and of course cases on the rise. Hospitals in the u. S. Starting to see strains again i capacity. Of course, this is a major theme of the spring surge. Utah hospital starting to prepare to ration care. Reports out of texas, wisconsin, elsewhere. It seems like today was a day a lot of this set in. A lot of opening trade having a bad day. Romaine it is interesting to bring up
Market. President trump intensifying already intense travel schedule eight days before the election. Where is joe biden. Liz peek calling his very bad week. The senate will confirm amy barrett to the Supreme Court today. She was impact immediately on everything from health care to the election. All that and so much more on making money. Charles so last week the stock market struck gelled to gain traction, right . We saw it every session. Despite amazing earnings ruts with revenues and earnings significantly above the historic average in terms of beats, positive guidance is at a record high. It has never been that high. Were stocks priced for perfection . We saw the headlines. Theyre blaming soaring covid19 cases. Fading hopes for fiscal stimulus, all for the market which stumbled big time out of the gate and hasnt recovered. There may be Something Else at play although i admit i cant put my finger on it. Investors are bracing for the super bowl on thursday, biggest names report electio