When youre called for Public Comment, mute the device youre listening to the meeting on. When its your time to speak, you will be prompted to do so. Youre limited to three minutes a speaker unless otherwise established and speakers are requested and not required to state their name. Sf gov tv, please show the business slide. We will start with the Small Business commission this is the Business Forum to voice your opinions that affect the Economic Vitality of Small Businesses in San Francisco and this is the best place to get answers about doing business in San Francisco about the local emergency. If you need assistance with Small Business matters, you can find us online or via telephone. As always, our services are free of charge. Before item one is called, i would like to start with thanking Media Services and sf gov tv for coordinating this visual hearing and special thanks to michael for moderating the Public Comment line. Please call item number one. Item one role call . Item two,
The bull side. The biggest 50 day in the s p 500 every and Lpl Financial says if you look at rallies like this, stocks were higher 100 of the time both six and 12 months later, josh. One of the funniest things is i talk to bulls and i talk to bears. They are both saying the same thing. We want to pull back someone pointed out 97 of the s p 500 is now above the 50day which i think is as of bought as you have seen in the history of markets. The rally has broadened out as a style box being absolutely on fire all week but even with intact lets take a look at triple qs made a new all time high this morning yet not one of the fang stocks is making the new high. Thats interesting then you look at qqew. Remember, thats the et if that tracks the triple qs as though every component were the same exact waiting. The equal wait qs. Thats up 15 in the last month versus the vanilla qs ths that e only up 11 all you could say is were over bought but if thats your biggest complaint now, its not really t
I wonder if you could go back to that and mention why it is a scenario rather than a forecast, is not really a worstcase or how much of a worstcase is it. And if we are really looking to learn and to manage these scenarios, do we not need to be more robust about saying what the worst case actually is . First, the question of a scenario versus a forecast, the , the point applies to both committees. Forecastw, one makes a when one can take a view of the probability distribution of district outcomes around that forecast. Forecastmal to make a and say this is our best collective judgment, and then to publish a range of outcomes around that, and then for the financial policy committee, to look at the less likely outcomes , whereas the Monetary Policy except the central one. I think the judgment of both committees was that this pandemic, the weight is playing to the World Economy and the u. K. Economy, and the Public Health measures to contain it through time and the chance of a second or th
Approaching double digits. Global news, 24 hours a day, on air and on quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Crumpton and this is bloomberg. It is 1 00 p. M. In new i am 5 00 p. M. In london, vonnie quinn and welcome to Bloomberg Markets. Here are the top stories on the bloomberg and from around the world that we are following now. Global eggs were these big xities in downturn. Stocks are rising as u. S. Senators negotiate the final sticking points in roughly 2 trillion stimulus in the 2 trillion stimulus package. Chuck schumer says talks are on the two dart line two yard line. U. S. Airline stocks are gaining 25 . Data shows the number of people flying in the u. S. Has dropped, leaving near empty plains. Hasnt to point out delta been cut to junk by s p. Generally, it was a pretty sturdy Balance Sheet, and stocks did pare some of its gains but up 23 . This is to be expected. I expect we see many more of these Companies Agencies
Fractional moves overnight in asia. And now the latest on the coronavirus this morning. 1 Million People have now become infected. The United States is representing nearly a quarter of the world cases and the cdc is expected to advice all of americans now to wear cloth masks in public to stop the spread of the virus. Vice president mike pence saying that the new guidelines are coming in the next few days, this on top of social distancing rules. The Coronavirus Task force keeping close eye on louisiana, michigan, indiana, georgia and illinois as next potential coronavirus hot spot. In louisiana 26 of all tests are coming back positive. Connecticut being watched closely this morning. Covid19 fears growing abroad stranded crew ship. Princess cruise ship headed to florida today with several infected passengers, comes as a crew member dies on the celebrity infinity ship sitting off the coast of st. Petersburg this morning. Cruises finally dock at port everglades. Passengers will remain on b