[indistinct conversations] [indistinct conversations] [indistinct conversations] [indistinct conversations] [indistinct conversations] today, the committee is holding a hearing entitled oversight of the Trump Administrations response to the covid19 endemic pandemic. Due to the Public Health emergency, members can participate in todays hearing either in person or remotely via video, and. Theart of this hearing, microphones will be set on mute, for the purpose of eliminating inadvertent background noise. Remotelyarticipating will need to unmute your microphone speak. Participating in person, please wear your mask when not speaking. Dr. Monahan extract expressed in the updated guidelines that the use of face coverings is meant to protect other people in case the wearer is unknowingly infected. When we are not speaking, each of us is playing a vital role in tech and all members and staff in attendance, as well as leaders of the covid19 response will be testifying before the committee. Due
3. 5 . The s p, a similar gain, about 2. 5 there. And the nasdaq composite up just with over 2 . That is clearly a rally. Helped by the Federal Reserves bond purchases, thats money printing, a report from bloomberg on a possible trillion dollar plan for bridges, roads and 5g access in rural areas, thats the stimulus plan, a new one. Also helping, really helping, news from an Oxford University study, a breakthrough in the treatment of the virus using steroids. It significantly reduced mortality. We also have the rapid opening up of businesses all across the country and maybe an improvement in u. S. china relations. Mike pompeo meets senior chinese officials in hawaii tomorrow. And then theres this retail sales in may up 17. 7 . That reflects the partial reopening of some stores. It is a very strong number. The president just tweeted about it. Ill read it for you. Wow, may retail sales show the biggest one month increase of all time, up 17. 7 . Far bigger than projected. Looks like a big
You say to yourself, come on, come on, come on. This monday is the come on where new york city reopens. With that, a better jobs report, and accident of course, the president talking it up. I thought the research over the weekend from Goldman Sachs, j. P. Morgan and the others was just outstanding, putting shade and putting nuance on that jobs report of friday. Jonathan lets be clear. For this market, for the Global Financial community, friday never really ended. It went through the weekend into monday. The equity market continues to rally. We continue to look ahead this week to a Federal Reserve i just wanted to have the payrolls report change the feds approach to the News Conference this week, tom. Tom maybe a little bit of nuance to it, but i really dont think it plays in all that much. You ught it was great, come down, and the amount off they calculate it roughly of 15 recovery in the labor economy. I dont think thats enough to have vice chairman turn to chairman sandowl say change
Comment on that item and perhaps the minutes should so reflect, thank you. Great. Should we include that amendment on the minutes . Directors, are there any additional callers at this time . Operator you have two questions remaining. So for members of the public on the line, this is an opportunity to comment on approval of the minutes from the june 16th regular meeting. If you would like to comment on the minutes, please state your name and we will start your two minutes. Hello . Operator sorry, hit the wrong button. Operator you have zero questions remaining. With that, well close Public Comment and directors, do i have a motion for the approval of the minutes from the 16th. Motion to approve. Second. All in favour. Do we have to do role call . Yes, madam chair. role call . The minutes are approved in a 40 vote. Item 5. As some of may know, we lost a member, art curtis, who passed away with a long battle with brain cancer. In his early union, he fulfilled his dream with sfmta driving
Historians are not supposed to guarantee anything about the future, but this is one thing i feel certain about. Watch q a on cspan. Coronavirus Task Force Members testified on the response to the pandemic. [indistinct conversations] today, the committee is holding a hearing entitled oversight of the Trump Administrations response to the covid19 endemic pandemic. Due to the Public Health emergency, members can participate in todays hearing either in person or remotely via video, and. Theart of this hearing, microphones will be set on mute, for the purpose of eliminating inadvertent background noise. Remotelyarticipating will need to unmute your microphone speak. Participating in person, please wear your mask when not speaking. Dr. Monahan extract expressed in the updated guidelines that the use of face coverings is meant to protect other people in case the wearer is unknowingly infected. When we are not speaking, each of us is playing a vital role in tech and all members and staff in at