P president driscoll, you may start the migrant. Meeting. Due to covid19 and the Governor Newsom and mayor breed have lifted the tre tree restrictionn teleconference, this meeting is being held teleconference. In our published notice and on the web page we ask the public to participate remotely by writing to the board or by leaving a voice mail manage. I will ask all members of the board to mute themselves to minimize background noise and keep your cell phone remote, as well. Board members will unmute themselves to comment. There is staff in the background managing the Technology Functions during the meeting to switch from my slide presentation to whom ever is speaking at that moment. Thank you to all who have put this meeting together. Technology and this device is increasing and there will be more changes, all to make the meeting and the interaction go smoother. At this point, can we ask ase commissioner to unshare his screen. Square with arrow and not an x. Thank you. Item number 13
Grubhub jumps on the news of a take away by huber. They will diversify by uber. They are trying to diversify from simple shery car journeys. ,utures are under pressure extending losses from the regular session. It was a risk off a day, the dollar tumbled, treasuries rose. We had dr. Fauci reiterating his warning against reopening the economy too soon. We had real estate financials weighing on the s p 500 and it lost the losses are accelerating after trading. Some people saying the Virus Outbreak and partial shutdowns would risk massive bankruptcies which could create a lasting scar on the u. S. Economy. We have cpi numbers in the u. S. That fell the most on record in april. One. 4 ,il, wti down above 25 a barrel level, after touching the highest level in five weeks. We are seeing optimism in the oil markets with uptick on demand and saudi arabias plans to cut production by an additional one Million Barrels a day. As i was saying, the top u. S. Disease official warning against states re
No let up to the s p 500. After all that negative Economic Data, we have the 10 year yield back down to 65 basis points. Crude oil is trying to make a run for 20 a barrel, a whole . 14 lower their. The vix is trading just below 42. Halfway into the trading day. Lets get to Abigail Doolittle for some more detail. Abigail that was certainly a risk off picture. Thatinancial markets on dire Economic Data we have seen today. Subsector picture it gets worse. Look at the s p 500 energy index. Down 6. 3 . This antipathy in sympathy with the volatility for oil. We also have the bank index down sharply for a third day. More bad earnings from citigroup and bank of america. A global macro picture is not great. Auto down, airlines down even with a bailout. One area that is doing better is the faang index. It is doing quite well. A piece of this is tesla. Take a look at tesla over the last 19 sessions. Tesla has actually doubled. Goldman sachs has initiated on tesla with a buy rating, but it is extr
Breezy along the coast and for parts of the bay as we go through the day. Here is a live look with the Treasure Island camera. 48 concord, 49 livermore, 50 San Francisco. Santa rosa, 40. With the sunshine daytime highs slightly below average. 59 separate cisco, 62 oakland, 63 san jose, 64 concord. Highs today running from 3 to 4 degrees below average. We are tracking the next weather system. I will timeout when we see the wet weather for us coming up. Lets check in with gianna for traffic. Thanks mary. If you are looking towards the bay area bridges, things are looking good. No delays on the sent detail bridge. We have a few brick lights and minor brake lights along the 11. We have roadwork there. We have a few lanes shut down for the ongoing roadwork happening through their for the lane expansion. Keep that in mind as you are out and about. Looking at the Golden Gate Bridge, things are quiet. No delays and no cars working across this span. We have roadwork north of year that they are
Covid19 describe what its like to have the illness. Its tuesday, march 17th, 2020. Well have the latest after todays eye opener, your world in 90 seconds. This is a virus. We can conquer this. But it will be strictly on the basis of our behaviors and what we do. Americans prepare for coronavirus restrictions. President trump says people should prepare for the impact of this pandemic to stretch well into the summer. People are talking about july, august, Something Like that. So it could be right in that period of time where i say wash it washes through. Markets took another big hit because of coronavirus. The dow dropped nearly 3,000 points. Truly sickening day with a horrendous last hour. Its finally dawning on people that were in a real crisis here. Hang in there. Support local. Please. In addition to bars and restaurants being forced to close, gyms and Fitness Centers are temporarily shutting their doors, too. Im against the fact i cant do leg day tomorrow. Thats a sad thing. Despite