[roll call] is commissioner safai present at this meeting . [roll call] we have a quorum. Thank you, madam secretary. Motion is awarded to vote whether to disclose discussions held in the San Francisco administrative code section 67. 1a. At this time i make a motion. Motion not disclosed. Ill second this. Moved and seconded. We will take Public Comment at this time. Madam secretary. Please open the phone lines. Members of the public who wish to provide Public Comment on this item should call 408 4189388. Access code 1467135208. Press pound and press pound again. If you havent already done so, please dial star 3 to lineup to speak. A system prompt will indicate you have raised your hand. Please wait until the system indicates you have been unmuted and you may begin your comments. Please state your name and make your comment. You will have the standard two minutes to provide your comments. Please let us know if there are any callers. Madam secretary, there are no callers. Thank you. Hear
Postvirus recovery. Banks leading the s p 500 to a three month high. Level since highest early march and hopes opecplus will eventually rebalance the market. However, divisions are showing among reducers. Producers. Shery lets get a check on how markets are trading. We are seeing some pressure from u. S. Futures, down slightly as we saw the extension of the rally on the s p 500 now at that three month high. Of course we had a report indicating that a recovery it was underway for global airlines. Led bowling higher boeing higher. As. Airline shares surging passenger flights are suspended from Chinese Airlines. 500 and now the 14 day rsi around 59, the highest since january. Optimism right now over and economic recovery. Take a look at what oil is doing. Wti under pressure. We have seen uncertainty over the opecplus deal. We got ape limit every deal to extend output by one month but there is still issues over cheating on output. Saudi arabia and russia drawing a hard line over compliance
Investors say there is little chance of warding off a recession. The bank of japan is next. Governor kuroda may be more aggressive as the virus further weakens the economy. U. S. Futures start trading in the negative right now. Under pressure right now. 3 percent. Even after we saw the worst day since 1987. Forident trumps travel ban europe not today well with investors. Take a look at what we saw throughout the session. It was an incredible day on the s p 500. The fiveminute trading. If you can switch up the board, you can see what happened throughout the session. We were down 7 . We did see a little bit of a bounceback around 130 when the fed came in with surprise Market Operations. We have the fed ramping up measures to help the markets and liquidity with more than 5 trillion being promised. 1 30, that Center Markets a little higher. That did not last long. You can see how the 10 year yield did manage to pervak some lower,e but it was still around. 8 . The same thing for the u. S. D
Money at the problem and it solves one part of the problem. We are seeing an absolute synonymy of selling. Hitting every single asset class out there. Asia is down between five and 10 . You are getting Circuit Breakers triggered in korea and the philippines. Yvonne this is what makes things a little bit more real for people. We have dealt with this before with sars. But outside the region, this is uncharted territory. Trudeau nowhie testing positive for coronavirus. The pga is canceling its players championship. The ncaa is canceling march madness. Things are starting to disrupt daily lives. David absolutely. Lets have a look at your movers right now. Not that it matters. Our team crunched the data. The stocks that are getting sold off the heaviest right now have the week balance sheets. That is way you dont want to be. Youre getting more cyclicals as well getting pummeled. It is a day that you dont normally see. We will leave it there for now. The coronavirus handed wall street its wo
Thank you. Before we get underway, i want to take a moment to thank those who helped make this event and so much of our work possible. We are fortunate to be supported by a range of sponsors, who are partners, really, in the work that we do and the world that we seek to create. Thank you to our conference sponsors, bob abernathy, the Carnegie Corporation of new york, compton foundation, Craig Newmark philanthropies, the john d. And catherine t. Macarthur foundation, open society foundation, the sandler foundation, and here i just want to take a moment and recognize Herb Sandlers support to the Truman Community for over a decade. Mr. Sandler passed away just last week, and i am so glad to have met him just a few weeks ago. We are grateful not just for their continued investment in our Organization Since 2008, but for their willingness to lead by example in funding and guiding the good fight for a wide range of likeminded organizations. I would like to thank Board Members, john driscoll,