10 05 a. M. And the meeting scheduled for 10 10 a. M. There are other supervisors present. Will you please identify yourself. Anybody else who is not on the budget and Appropriations Committee . Thank you very much. I would like to thank Daniel Williams from sfgovtv for broadcasting this meeting. Madam clerk, do you have any announcements . Yes, the covid19 Health Emergency and to protect City Employees and the public the board of supervisors legislative chamber and Committee Room are closed. Members will participate remotely. This is taken pursuant to the state way stay at home order. All proceeding local and state and federal orders and directives. Committee members will attend through Video Conference or telephone and participate to the extent as if they were physically comment. Comments will be available on each item. Channel 26 and sfgovtv. Org are streaming at the top of the screen. Each speaker will be allowed two minutes. You can call 888 2045984. 888 2045984 access code 350100
The meeting has started. The meeting will come to order. This is the april 8th meeting of budget and finance committee. I am calling it to order at 10 00 a. M. It is a rescheduled meeting at 10 05 a. M. And the meeting scheduled for 10 10 a. M. There are other supervisors present. Will you please identify yourself. Anybody else who is not on the budget and Appropriations Committee . Thank you very much. I would like to thank Daniel Williams from sfgovtv for broadcasting this meeting. Madam clerk, do you have any announcements . Yes, the covid19 Health Emergency and to protect City Employees and the public the board of supervisors legislative chamber and Committee Room are closed. Members will participate remotely. This is taken pursuant to the state way stay at home order. All proceeding local and state and federal orders and directives. Committee members will attend through Video Conference or telephone and participate to the extent as if they were physically comment. Comments will be
With children unexpectedly being at home and you are having to deal with worrying about how you will pay your rent or how to keep your families safe. We really appreciate that youve joined us here to talk about something that should be seemingly minor which is a government bureaucracy budget. But for us, nothing is more important than our budget. Because it is the only relevant statement of our agencys values and it determines how we use our very, very limited resources in order to uphold the public good. Public transportation plays a Critical Role in the unfolding of this Health Crisis and in the unfolding of what will be likely a long economic crisis. Our job is to figure out how to steward our declining resources in order to therefore the services that essential workers need to have to get to work and in order to poise San Francisco for recovery, thats what were here for. Everything we do, whether its muni, parking is connected with the health and safety of budget of San Francisco.
Points hallelujah. S p soared 9. 38 . [ cheers and applause nasdaq pulled 1. 28 it feels like 2008 when the Congress Approved the bank bailout. On the for the stock market to start crashing not long after. Sell, sell, sell. The covid stimulus bill will pass and pass on the second vote heres the problem weve been in the worst bear market i have ever seen. We have been down endlessly. Proprietary s p oscillator i follow keeps registering a minus 20 reading making it the most deeply oversold moment in the history of the oscillator. When you get that level negativity, endless, endless, endless, you get a coyle spring of a market. Usually snap back with a vengeance. Typically based on short sellers ringing the register to close out their business remember if you owned a stock and it kept going up, up, up, you might want to take profits then it goes down, down, down, you might want to take profits if youre betting against it and, look, its very bullish that Congress Seems to be making progre
With any particular benefit. It does have benefits psychologically socially and there are social norms around that and we dont criticize the wearing of masks and have not done so, but there is no specific evidence to suggest the wearing of masks by the mass population has any partular benefit. Again we expect hear something today that word could come from the cdcs will be monitoring that if they make that commendation again that does not mean you should wear a surgical mask or an and 95 those are for health care were absolutely to be the cloth masks the to be best use case for tt. Meantime the various stay at home order has been extended for another month mayor london breed says will be a formal announcement later today, yeah, in fact the Health Department is going unveil their plans kron fours Charles Clifford has more on the story. Mayor london breed said that City Residents should be prepared to remain sheltered in place for at least another month until may first as the city tries t