Maintain that particular story into 2021. With a year for growth, or will it. Jobs report paints a picture that more federal stimulus is the key the key component to making this narrative stick and talks over the 900 billion andemic relief bill ground to halt. Any keyuggle to reach agreement. Today we expected to get the details on the plan, but that was postponed for the sum of 24 hours or so. We wait with postponed for 24 hours or so. Comeback willic be dependent on further push from stimulus. Joe, it is interesting today there was a little more risk aversion in the market we went into that ageold trade that is big tech. Joe big tech that is something, even on the socalled risk off days, it just means buying tech stocks that are doing phenomenally well. That is what counts as a down only tech0, when outperforms. Absolutely. The breath is incredible. Look at the number of stocks and the nasdaq composite surging, a Straight Line up. Some of the highest levels we have seen since early 2
The dow coming off its first close ever above 30,000. Still down 180 a lot of focus continues to be on the socalled cyclical trade, energy, banks, airlines all pacing for their best month ever rob, its good to see you again. I come to you first because your note to our producer today really piqued my interest. The last three weeks, you say, were transformational. How so i think going into this, scott, we did not have a prospect for a stimulus plan it pivoted focus to the virus and the virus count really, really increasing. Since then youve had three months of very, very positive news on the virus front. Youve had an election outcome that appears to be more and more benign with the actions of the with the actions of our president elect. Specifically nominating janet yellen it looks like it was an outcome that was squarely middle of the fairway that was not too far left, not too far right. Really goldilocks like from my perspective. Now youre at a place where when you look at major pivot
Clerk madam chair, you have a quorum. Wonderful. Clerk item 3, announcement of prohibition of sound producing devices during the meeting. Its clear were using sound producing devicing duries duri meeting, so we wont announce this. Item 4, approval of minutes of the november 3, 2020 meeting. Directors, is there anyone who wishes to make any comment . Okay. Seeing none, are there any members of the public who wish to make Public Comment this item on the agenda . You have zero questions remaining. Okay. With that, ill turn it back over to the directors. Directors, do i have a motion . Motion to approve. Second. Okay. Secretary silva, would you please call the roll. [roll call]. Clerk madam chair, you have five votes to approve the minutes. You are on item five, communications. Due to the covid19 health emergency, this meeting is being held virtually, and all members of the staff and the public are attending via teleconference. This will ensure the safety of the sfmta board of directors, t
Down days for the markets. Right now s p down by about 11, dow by 96, nasdaq off by about 47 we were so close to you dow 30,000 earlier in the week, but that seems to be slipping away a little bit 29,400 and change is where the dow is right now and again, down two days in a row, down again this morning and after yesterdays declines, all three of the major averages are in negative territory for the week a lot of things happening with covid and well talk more about that in a moment, but some of those concerns creeping back into what you see in the markets. If you are looking at the treasury market, the yield on the ten year right now is sitting just at about 0. 852 and the vix also spiking yesterday, probably a little bit on concerns about what happens as we go back into some of the lockdowns. The seesaw of good and bad news on covid. And well give you a bit of good news that happened overnight in the vaccine wars developed by the university of oxford and astrazeneca found to be safe. An
During this pandemic. We have taken staff within other units within h. R. We have five different areas that i mentioned and five different Business Units in h. R. We assigned them and put them in our return to work so we can provide better visibility and Better Customer Service to our employees. It was interesting to note that from march to october, during the covid19 shelterinplace, really intense period, they return to work team has respond to over 9000 emails from march to october. In october alone, have responded to 425 calls. For fy 19 and and 20 they responded to 5500. Thats is a staff of six people who done that. Its interesting, i heard lot about staffing and you mention that one of the things was the shortage in staffing. There has been and the team has been dedicated to make sure to try to provide enhanced customer service. One things that we have been committed is communicating. I hear lot about communicating, making sure there are updates. We sent over hundred emails about