Prolonged periods of time about postponing some of those gatherings that we may want to have an exact advice is that we all have to make. And pharmaceutical giant pfizer says its late stage job in 1000 vaccine trial is nearly fully enrolled the companys phase 3 trial is just 2000 volunteers shy of the 44000 needed the company said during an Earnings Call Tuesday Morning pfizer and biotechs drug is viewed as one of the worlds most promising vaccine candidates while the company had said it hoped to have data on the efficacy of the vaccine by the end of this month during the call pfizer c. E. O. Albert borlase said this of the situation in case of a conclusive read out we will inform the public as soon as we complete the necessary administrative work which we estimate to be completed within one week from the time we know so with all of this in mind lets go ahead and take another look at the trends in the spread of the virus globally with r t correspondent size tablature so where are we to
Chair fewer good morning, everyone. The meeting will and to order. This is the october 28, 2020, regular budget and finance Committee Meeting. Im sandra lee few are, the chair of the committee, and im joined by the members, supervisor walton and mandelman. Our clerk is miss linda wong. I thank sfgovtv for broadcasting this meeting. Madam clerk, do we have any announcements . Clerk yes, due to the covid19 Health Emergency, the City Employees and the public and the board of supervisors and the legislativ legistate meetins closed. And precaution is taken to the local, state and federal orders, and declarations and directives. The Committee Members will attend through Video Conference and participate in the meeting to the same extent as if physically present. Public comments are available on each item on channel 26 and sfgovtv. Org or streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments are opportunities to speak during a Public Comment period
Action, announcing a fourweek shutdown of all restaurants and bars and france requiring people to remain in their homes except going out for essentials and here in the u. S. , a new round of coronavirus a hit to the economy because of recessions abroad. Guy, what do you say its fascinating. The market hasnt cared about a lot of stuff you mentioned except for this week i have been wondering why the market hadnt been selling off one of the things i was saying was it was stuck above 25, but the market didnt care so my views were dead wrong. Now the market cares i will paint a rosy picture tomorrow tomorrow they closed either side of 40. Go back and look i think june 11th it popped out at 40. You could potentially see a washout tomorrow morning down to 32. 09 which was a september low. Maybe close off those lows some huge earnings from these companies, maybe it will be the mother of return gains friday. I think 32. 09 is the likely place of support on the s p. Today was shocking, tim, but
Over by 250 points and this morning you are seeing green arrows for the s p 500 and nasdaq, nasdaq right now up by about 122 points in the future market and that is pretty impressive you are now talking about four days in a row that you have seen gains for the major averages all are within 5 of their 52 week highs and in fact the transports set a new alltime high yesterday too. Right now the dow futures are indicated a little down by about 61 points. Were watching a lot of things that have been happening including news with Johnson Johnson, and earnings are coming out too. And if you want to take a look at the treasury market, right now you will see that the ten year seems to be sitting just around 0. 759 . So not far from where it has been yep, earnings are supposed to take the baton from stimulus hopes, which i dont know whether those are fleeting or not. But supposedly the earnings might be pretty good yesterday kind of weird all the stay at home new age tech stuff was strong as i t
Shares of boeing helping lead the dow higher following positive comments from a top european safety regulator about the future of the 737 max. More on that in just a moment. Boeing is up about 3 . The s p up around a percent, close to that at the moment, 59 minutes left, sara. Coming up on todays show, shares of Kansas City Southern they have held up relatively well this year ticking lower on the back of earnings today we will talk to the railroads ceo about those results. Plus we will talk about the impact the coronavirus is having on the world of sports with the ceo of a Testing Company they test for big 10 and pac12. The company is quidel. Their stock be that flying 58 minutes left of trade, mike santoli, megger theel and joining us to talk about boeing today is sheila kaiialo. Mike, the market strong. A gentle rise the market found its footing for the second straight day around the time the european markets closed in the late morning we have been trudging higher since then the s p