Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
Enforcement in creating systemic change toward that goal. However, to have full conversation about policing it is imperative to deeply understand the system of policing and its budget, and that brings us to our hearing today. My office worked to include questions in the report that would give this committee as much insent insight as possible into the Police Department inned a vance of the process in august. I anticipate there may be questions asked today that there arent immediate answers to. My staff will be tracking the inquiries and work on the followup report and that the board has the information it needs. I would like to remind the committee that the Police Department budget would come before this committee again and come before us two more times and in august and engaged in the full budget process. I want to turn over to the presentation today nick menard from the budget analyst and chief William Scott from the Police Department. The San Francisco Airport Authority is also here
Enough clarity on the economy to justify restarting payouts yet. That decision is not yet final. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. I will be speaking with bill ackman. We will discuss the debut of his new Blank Check Company which raised 4 billion in its initial offering. He will weigh in on what kinds of companies he wants to target with the money and other investments. First, lets look at the markets. We are higher. The nasdaq has erased all of its gains. 25 . P 500 is up mark forck at the 70 the you in the. With heating up today expulsion of the envoy from china. I want to point to the fact that we will be talking about in a moment and that is the Blank Check Company that is trading up an ipo today. The expectation was to raise 4 billion and we will be talking
Public comment will be available on each item on this agenda. Sfgovtv are streaming the number across the screen. Each will be allowed two minutes to speak. Opportunities to speaker is available by calling 408 4189388. Access code, 1461315200. Then press pound twice. Then connected, you will hear the meeting discussion, but you will be muted an in listening mode only. Best practices are to call from a quiet location. Speak clearly and slowly and turn down our television or radio. Alternatively, you may submit Public Comment in either of the following ways. When you submit Public Comment via email, it will be forwarded to the supervisors and be included as part of the official file. Finally, spanish and chinese interpretation are available for those who need services during Public Comment period. Im pass on to the interpreters to provide a summary of this announcement. Speaking in spanish. [speaking spanish]. [speaking spanish]. Thank you, madame clerk. [speaking chinese] [speaking chin
The back to work argument has its own set of jawdropping statistics. 13 of the labor force is out of work. Lines at food banks are getting longer. And as for Small Businesses looking for loan assistance, that money has run out. That struggle is dividing america even further. How does this situation get worse . And get worse quickly . If you politicize all that emotion. We cannot go there. Brennan last week President Trump said he has full authority when it came to reopening the country. President trump the president of the United States calls the shots. Brennan three days later, he told governors it is every state for itself. President trump youre going to call your own shots. Brennan then on friday, he urged residents in three states, all with democratic governors, to take matters into their own hands. As for governors, theyre desperate for Financial Aid and a National Testing plan from the federal government. Will they get the help they need . Well talk with republican Governor Charl