Why these special Purpose Acquisition Companies are so hot and what the phenomenon says about froth in the market. And golds record rally. Is the yellow metal poised finish even more gains . On the barrons roundtable, my colleagues. So, jack, this week was interesting. Four very powerful dudes get hauled up in front of congress, theyre asked some dumb questions, some tough questions, the market shrugs, the next day they come out with earning, and three of the four stocks soared. Yeah, actually rose during and after the testimony and end then again after results. The stock market this week, if you look at the s p 500, it was up close to 2 . Now, thats a wonderful result, but its particularly great when you consider the backdrop. What did we learn this week . Gross domestic product, the economy shrank 9. 5 from the quarter before. If you feel compelled to annualize that figure, yes jack no, please dont 33 , right . Either way, its the housiest number in 70 years of lousiest number in 70
And promotions staff within Population Health, and those folks are under this yellow block under operations, but that means that theyre also overseeing the Human Services, which is doing housing and feeding. [inaudible] within Population Health, and that modelling that theyre doing is both our normal work of taking in public results of Infectious Disease tests, but its also new work that i think is really an advancement of what we normally do in the department, working with outside assistance for modelling and making sure that we are able to project into the future. And that is led by jim marks, who is an anesthesiologist and many others in that structure. Go forward. Ill let you know that all of the guidance that comes out is part of the information and Guidance Group that is headed by reeta nguyen, dr. Rita nguyen, and she is part of Population Health and leads a team of doctors and physicians and they write all the research about what the current recommendations are. That group had
S San Francisco has been doing a great job flattening the curve and sfds has been a big part of that. The stepsky foundation and Silver Giving Foundation at 225,000 and somaland foundation 476,000, linkedin, 146,000 and the Webb Family Foundation at 70, Golden State Warriors at 50 and walter and alysse haas fund and the Tipping Point community at 25, and the stepski foundation is 20 and i want to thank all corporate and giving foundations and individuals this is a Response Fund the ones their gave before throughout the year and this is the ones for the covid19 response. And toma bravo at 1. 1 and anonymous at 11,000, Golden State Warriors at 125 and the hellman foundation, 50,000 and palms against poverty is 28 and herbert and Gene Foundation at 25 and facebook is 20 and cohen elevators is 20 and the wells fargo 20 and google fiberton 10. Wellington management 10, the 697 and alaskas airline 5,000 and odell family and dennis wulliver kelly and these are all that have given towards are
Flow kicking in for us. Starting off the day with low clouds and areas of fog and even a little bit of drizzle in spots this morning because of the stronger sea breeze. Heres what you can expect. Temperatures this morning mainly in the 50s as we start off the day. Through the afternoon warming up to mid 80s in the inland locations. In concord low 80s in san jose and around the bay in the mid to upper 60s. So slightly below average for this time of year for our daytime highs. We are going to see those temperatures climb for the weekend and details on that coming up. Back to you. New this morning, a big fire broke out in the east bay overnight and it happened at an apartment complex under construction in concord. That fire ripped through all three floors of the building right now no word on what caused it. Developing this morning, in the east bay, police in martinez are looking for the driver of this white van after it hit a 7yearold and then took off. That boy was hit on vine avenue bet
Needed systemic change against racism today. Thank you. Thank you. You have zero questions remaining. We can continue, kate. Item number three, report by Treasure Island director. Director, chair tsen, robert beck. Covid19 continues to impact the lives of residents and commercial ten xhants and provide commercial tenants with the most pertinent information. Housing providers are following the Mayors Office and moratorium guidance in cases where residents have been unable to pay rent and title will be sending Additional Guidance to all commercial lease olders this week. The Health Officers shelter in place remains in effect and government is planning for reopening of activities and the department, office, and facility and health and safety plans prior to reopening. The reopening will not look the same as things did in january or february. We are as part of this effort, were exploring what services we can put online. And continued to be deployed to the gratest extent possible and factore