Welcome back. The relationship between the United States and china has been severely tested during president biden s term in office. But since may last year, the Us National Security adviser Jake Sullivan has developed something of a connection with wang yi, the senior Foreign Policy official in beijing who answers directly to xi jinping. They met four times in the last year, a channel of communication that has served as something of a Shock Absorber when tensions arise over taiwan, ukraine, the south china sea. Today, sullivan arrived in beijing to continue that conversation, with some suggestion that the two president s might be laying the ground for another meeting Beforejoe Biden Leaves office. Its really interesting, this, annabel, because it seems Jake Sullivan is the back channel between washington and beijing right now, and to what and . Because theres been some Sabre Rattling in respect of ukraine and the special materials ageing is applying to russia will do you think it coul
He said simply, this doesnt matter, and december could be green. Could be grim. Jonathan the markets are looking at the data in the second half of 2021, not 2020. Tom jon will get to the data of a market lifting and all of that. This ecb announcement a bit ago is buried, and im sorry, it just sets up the theme of extend and pretend into 2021. They are going to extend bond buying forever and ever. It is Central Banks to the rescue. Jonathan the ecb wants you to focus on the duration of the Bond Buying Program and not the size of the package they might announce this week. That has been a big push on the communications side. I imagine that will be the focus for them when they communicate with us. For us, we are all getting used to the idea that Central Banks will be there for us. Weve been conditioned by that all year. The biggest challenge through 2020 was to somehow divorce how you feel about the world around you from your view on financial markets, on where we will be 12 months out. Th
Transportation Authority Meeting for today, november 17th, 2020. Our clerk is ms. Britney milton. Ms. Millton, can you please make any announcements and then call the roll. Clerk yes. I will call the roll and then follow it up with my Public Comment announcement. Commissioner. Supervisor fewer . Supervisor fewer present. Clerk commissioner present. Absent. Commissioner mar . Mar absent. Commissioner peskin. Chair peskin present. Clerk commissioner preston. Supervisor preston present. Clerk commissioner ronen. Supervisor ronen present. Clerk commissioner safai. Supervisor safai present. Clerk commissioner stefani. Supervisor stefani present. Clerk commissioner walton . Supervisor walton present. Clerk commissioner yee. Supervisor yee present. Clerk im sorry . Ill now make an announcement oh, thank you. Commissioner haney present. I will now make an announcement about Public Comment. Public comment will be available for each item on the this agenda, via telephone by calling 415 655000 41
Commissioner peskin. Chair peskin present. Clerk commissioner preston. Supervisor preston present. Clerk commissioner ronen. Supervisor ronen present. Clerk commissioner safai. Supervisor safai present. Clerk commissioner stefani. Supervisor stefani present. Clerk commissioner walton . Supervisor walton present. Clerk commissioner yee. Supervisor yee present. Clerk im sorry . Ill now make an announcement oh, thank you. Commissioner haney present. I will now make an announcement about Public Comment. Public comment will be available for each item on the this agenda, via telephone by calling 415 655000 415 6550001, and d entering access code 146 423 1359. Then pound and pound again. To make Public Comment, dial star 3 to be added to the queue to speak. When it is your turn to speak, your line will be unmuted and the operator will advise youre allowed two minutes to speak. When your two minutes are up, well move on to the next caller. Best practices are to speak slowly, clearly and turn d
Small caps having a pretty good day as well. The commentary seems to be the market feels a little tired. Is that how you see it yes i do suspect that the market is fatigu fatigued certainly on monday mornings consecutively weve been greeted with excellent news for society as it relates to the vaccine but markets dont seem to be responding as positively as they did two weeks ago. Scott, you began the show by suggesting that we have a potential end of year run. For there to be an end of year run, we are going to need a catalyst and i suspect its not the vaccine, its not earnings, and it really falls back to washington, d. C. And the ability to try and offer some form of fiscal bridge to get us to the other side in the absence of that, i would just highlight december 15 the and 16th, you have a Federal Reserve meeting. Theres a wild card scenario there where the Federal Reserve steps in and enhances some of the landing programs and provides the bridge in the absence of fiscal policy maker