Supervisor ronen and president yee is with us today. Our clerk is miss linda wong. I would like to thank sfgovtv for this meeting. Clerk due to the covid19 Health Emergency and to protect members, and the public, the board of supervisors and the chamber and the Committee Room are closed and so all members will be participating in the meeting remotely. indiscernible and the comments will be available for each item on this agenda. At sfgov. Sorry, sfgov. Tv org, and the number is across the screen. Each speaker is allowed two minutes to speak. And the comments to speak during the Comment Period are available via phone, by calling 8882045984 and, again, 888 8882045984, access code, 350018. And press pound and press pound again. When you are connected, dial 1, and then 0, to be added to the queue to speak. You will be lunch lined up in the order that you dialed 1 and 0. While waiting the system will be silent and the system will notify when you are in line and waiting. All callers remain o
Be affected by the virus. And sanders pushes biden in his First Network interview since endorsing joe biden. The senator tells us why he thinks all of his supporters should vote for his former rival. But first, heres todays eye opener, your world in 90 seconds. The battle continues, but the data suggests that nationwide we have passed the peak on new cases. In terms of the key steps we have to have in place to reopen the economy. If you had a magic wand, what would we need . The absolute thing that you would need is to be able to respond and contain whatever rebound you get. Another 5 million filed for Unemployment Benefits last week. In a fourweek span, more than 22 million americans filing for unemployment claims. Massachusetts senator Elizabeth Warren officially endorsing former Vice President joe biden for president. If he asked you to be his running mate, would you say yes . Yes. U. S. Navy now says iranian vessels tried to harass american war ships in the north arabian sea. Dange
We had three fatalities so far. Reporter there were calls on the World Health Organization for limb change there i wonder what your thoughts are on that . Senator martha mcsally, for example, called for dr. Tedros to resign. Look, this not the time to be doing that kind of change. There will be a lot of time to look back to see how the World Health Organization performed. Meantime what our task is to preserve and protect the american taxpayers, make sure our resources dont go to places that wont deliver on behalf of the American People and the world and President Trump and i are determined to do that. Okay. Follow up . Reporter quick follow up he is a busy man. Reporter china has responsibility to get correct figures. How would you broadly characterize cooperation with china right now. Lots of places weve been cooperating, right . Theyre providing us assistance where we need it. There are places on the ground where we do have access to the data we need. Were deeply appreciative of that
The oil news really make up for that . As you can see, crude is up about 25 or so, but the rest of the market trying to hang in there as well. Every economist was very surprised here that the jobless claims were double what they were last weekend, more so than a lot of economist had been expecting. Indeed, 10 million jobs claims in two weeks, that really gets your attention. What is going on with bonds . I want to take a look at the bond market, i do think we have the board there, david. I dont know, we are going to have to leave it there, sorry. David ok, thats all right. Any sense of exactly what went on between President Trump and mohammad bin salman . The only headlines that we were getting is that he came out with a tweet saying that he expects saudi arabia and russia to cover the option by about 10 million 10 Million Barrels per day or so. Not sure if this is 10 Million Barrels per day or not, if that was barrels per day, that would be 10 of the Global Demand we had seen. For the
This is bloomberg. Vonnie thank you. We are back in a moment. Vonnie this is bloomberg markets. On vonnie quinn. Saysard chartered ceo singapore and hong kong could recover from the pandemic in the second half of the year. Francine lacqua spoke about what the western world could learn about controlling the virus. The bank of england took the view, understood the view that given the uncertainty around this crisis, uncertainty in terms of financing requirements, uncertainty around the losses that banks will take, its appropriate to be atraordinarily despite strong Liquidity Position and loan but today, regulators have taken the view that prudence should rule the day. I understand that. When can we get back to Something Like a more normal capital strategy . Role ofhave to see the banks helping the world recover from this tremendous shock, has largely flown through. We can all speculate how long that will be. I think we will see the ability to return to normal by the end of the year, but e