Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
Madam clerk, can you please call item 5. Clerk yes. Item 5 is a resolution authorizing the Mayors Office of housing and Community Development to accept and expend a gift of 100,000 from San Francisco 722 montgomery. Chair fewer supervisor peskin, do you have anything you would like to add . Supervisor peskin i would like to thank steven sang for accommodating my request for this additional 100,000 on top of the inclusionary fees and interest and the Mayors Office of housing for preparing for the accept and expend and recommend it to you for full recommendation to the board of supervisors. Chair fewer thank you. Is amy chan here from mohcd . Okay. Supervisor peskin, is this something that you want to present on since emmy chan is not in the audience today . Supervisor peskin so yeah, sure, im happy to present. This is a gift to the Affordable Housing fund of the city and county of San Francisco in the amount of 100,000 from the developer of 722 montgomery street. Chair fewer okay. No b.
Chair fewer good afternoon, everyone. This is the february 26, 2020 rescheduled meeting of the budget and appropriations committee. I am sandra lee fewer, chair of the budget committee. I am joined by supervisors raphael mandelman, shamann walton, and hillary ronen. The clerk is linda wong. Madam clerk, do we have any announcements . Clerk yes. Please silence all cell phones and electronic devices. Documents to be considered by the committee should be submitted to the clerk. Chair fewer madam clerk, would you read item 1. [agenda item read]. Chair fewer thank you. We have the Youth Commission. You may begin. I am here wito present on t Youth Commissions upcoming budget in the next two fiscal years. This is both laid out in the charter and also reflects the importance of having youth voices at the table when we are making decisions concerning the city. So our formal budget and policy priorities report will come out in may, as usual, but we are here today to report our preliminary budget
Chair fewer good afternoon, everyone. This is the february 26, 2020 rescheduled meeting of the budget and appropriations committee. I am sandra lee fewer, chair of the budget committee. I am joined by supervisors raphael mandelman, shamann walton, and hillary ronen. The clerk is linda wong. Madam clerk, do we have any announcements . Clerk yes. Please silence all cell phones and electronic devices. Documents to be considered by the committee should be submitted to the clerk. Chair fewer madam clerk, would you read item 1. [agenda item read]. Chair fewer thank you. We have the Youth Commission. You may begin. I am here wito present on t Youth Commissions upcoming budget in the next two fiscal years. This is both laid out in the charter and also reflects the importance of having youth voices at the table when we are making decisions concerning the city. So our formal budget and policy priorities report will come out in may, as usual, but we are here today to report our preliminary budget
Indices drop sharply earlier, as the number the coronavirus cases continue to say rise and despite solid labor market and manufacturing data, yields are falling today. Some oracle employees are planning to walk off the job any minute now in protest of the fundraiser oracle founder Larry Ellison is holding to raise money for the reelection of at the President Trump. Well bring you any updates when we see them. Thousands of employees have already signed live pictures nothing to report there, but well bring you any when we get there. Joining us is stephanie link good to see you, as always were down about half a percent, so well off the lows. What did you make at that gut check this morning, and are you in fact encouraged by the way the market has steadily improvement that that ises that theres confidence with the ceos, and that jibes with a data here in the united states. Earnings are running about 3. 5 . I understand we have to deal with why the dollar is so strong, why is gold so strong