Item. Comments will be made in the order that they are received. When the moderator announces that Public Comment is being made, press starthree to enter the queue. When prompted, callers will have the standard three minutes to provide comment. Ensure you are in a quiet location, speak clearly, and turnoff any t. V. S or radios around you. Clerk item 1, roll call. [roll call] clerk general Public Comment. Members of the public may address the commission for up to three minutes on any item within the commissions jurisdiction that does not appear to the agenda. Speakers may address their remarks to the commission as a whole and not to individual commissioners or personnel. Commissioners are not to engage in conversation or debate with a speaker. Lack of response does not necessarily indicate agreement with Public Comment. Commissioner covington thank you, madam speaker. Are there any public speakers that would like to comment at this time . Clerk there operator there are no Public Commen
It did not shy away from staying there. The dollar continues to be weaker at 93. 20. A strong british sterling. 1. 3082. In euro also a little stronger. Crude oil at 42. 20. A rare glimpse into the Research Division at bridgewater. Our next guest overseas a team of over 150 at one of the largest hedge funds. We are in a new era of policy. Kareng us now is karnioltambour of bridgewater has 100 60which billion in institutional investments. World . Isn np3 karen as the world changes, investment need to change with it. Interest rates were the primary driver of fed cycles. The fed lowered and raised Interest Rates, and that was the most important thing to drive the economic cycle. Then we got to the financial crisis, and quantitative easing became the most important lever. But at the end of the day, you can print all you want but the Federal Reserve doesnt have the mandate to figure out who will get the money. A lot of money went to Financial Assets and not the real economy. Andworld is cha
Recent executive orders by the governor to facilitate teleconferencing to reduce the risk of covid19 transmission at public meetings. Ordinarily, the brown act sets strict rules for teleconferencing. The executive order does require that we continue to notice meetings in advance. The department has met all of the applicable notice requirements. As noted on the agenda, members of the public may observe this teleconference meeting via sf gov tv and may Public Comment by calling the published Public Comment phone number. I would like to welcome the members of the public and staff who are watching online, sfgovtv. The Commission Asks and thanks for your patience during these unprecedented times. Teleconferencing has never happened in our history. That being said, we respectfully ask the public to have patience and expect delays and gaps during the meeting, particularly during Public Comment. Were working diligently to learn and become familiar with this new system as this may be the way we
Name and its time to risk less and make more. Options action starts now. Welcome to options action, we begin with crude oil, and the wti rallying 25 as investors bet that the worst is over for the energy space our carter worth says hes got the chart to prove it. What are you seeing, carter . Well, a bunch of charts something that happened this week, seven weeks in a row, the Energy Sector is up and thats only happened eight times in the 32year history of the sector and the probability of occurrence of 0. 5 follow through is usually pretty big. So, first, what do we know we know that the sector bottomed actually before the market we see on the first slide here that the Energy Sector bottomed on the 19th, a thursday, while the market went on and made its low on monday the 23rd we know this ricochet has been huge and were talking about double the market and it dropped 65 and the ricochet up 25 is twice that of the s p up 34 and then this is the interesting thing. The next slide youll see
Authorization. All right, with that, i just wanted to thank staff again for keeping this very Important Program moving and taking the time to give us an update today. I dont think we have any other comments and thats our last item. So. A very smooth meeting [laughter] so thank you, everyone. Stay well and were adjourned. See yall soon. Thank you. Byebye. Good morning. I call the San Francisco department of disability and aging Services Commission meeting of may 6th, 2020 to order. I am the Commission President and this Commission Meeting is being conducted pursuant to visions of the brown act and recent executive orders by the governor to facilitate teleconferencing to reduce the risk of covid19 transmission at public meetings. Ordinarily, the brown act sets strict rules for teleconferencing. The executive order does require that we continue to notice meetings in advance. The department has met all of the applicable notice requirements. As noted on the agenda, members of the public may