Record highs that has the nasdaq setting a record as well better than expected home sales in the u. S strong activity numbers out of europe as well uk, australia to name but a few. Were up, sarah, nearly 1 on the s p 500. Ahead on todays show, a big first on cnbc interview with howard marks fresh off his latest memo. He said the odds are not in investors favor and whether he sees any opportunities right now in the market plushgs connecticut has certainly seen an encouraging dropoff in coronavirus numbers of late. Well ask governor lamont about his advice for states like florida, arizona and texas that are seeing their cases swell and how hes trying to keep those cases out of his state lets focus in on the big stories were watching mike santoli tracking todays rally. Meg terrell has the highlights from Anthony Faucis congressional testimony and phil lebeau is covering another volatile session with the Airlines Start us off with the Broader Market on the three month anniversary of the ma
Theyre buying up parts of it. The advertising boycott enters with Corporate Giant starbucks joining a slew of names to with draw all ads from facebook the coronavirus outbreak killed 500,000 people around the world. The number of confirmed infections topped 10 million thats according today at a compiled by Johns Hopkins university you can see how the death rate looks with the usa up top followed by brazil and then the United Kingdom in terms of what we are witnessing on the european markets this morning, we started out the day weaker or roughly. 2 down and then you can see that we reversed again. Were down just over a tenth of a percent so far and this is struggling to find directions in the start of the session were picking up losses from wall street on friday. It hit the european mashltrketst week and also the second wave of infections and this one is particularly hard to quantify given we are seeing localized restrictions that we witnessed at the initial phase or start of phase one.
Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board i would like to acknowledge the staff at sfgovtv who record each meeting and make the transcripts available to the public online. What i would like to do is before we go to communications, and before we get into our special order at 2 00 p. M. , i would like to at least say a word or two. Before we get started i want to acknowledge George Floyds funeral today and thank the city family, particularly m. T. A. , for halting all Public Transit from 12 00 to 12 08 p. M. To acknowledge the wrong that happened to mr. Floyd and to the many other black and brown individuals in our country. C
Financials all higher by 2 or there abouts shares of Sonic Automotive up 200 from the march low as the demand for used cars skyrocket during the pandemic. The ceo david smith will join us well welcome him as power lunch begins right now thanks the stocks are still on track for a week in the red bob was more on the moves for us we were moving down quickly at the open. We turned around at 10 00. Thats when we got the headline that the regulators were easing part of the rule we had word that texas was pausing the roping plans we drifted lower again thats what i mean about dualing headlines that we have been seeing its been drifting lower they are delaying the california theme park they have been on a down trend for a while. Nice to see Energy Bounce back we had a bad day yesterday on energy as oil dropped about 5 they are all bouncing back today. Thats helpful all five of the big names advancing, theyll be up on the day. Back to you. Lets go to the bond market where yields are lower rick
Before we do, we should see if there are minutes of the public who wish to address the board. My mistake. Open up for Public Comment on this item. To the amended minutes that were recirculated from may 19. Members of the public who are watching this meeting via sfg tv who wish to address the board call 8888086929 and press 9961164. All right. We will wait a moment to see if there are members of the public who wish to address the board with respect to the amended minutes of may 19. Director borden, put yourself on mute. All right. Moderator is telling us there are no callers. Seeing of no callers s the floor closed officially . Yes, madam chair t moderator will close Public Comment for the minutes. And there is still a roll call vote on the minutes . A yes, madam chair. Director borden. Aye. Director brinkman . Dr. Brinkman, unmute. Aye. Dr. Eaken . Aye. Heminger. And that is approved by unanimous approval. Item 5, communication. Before i get into the extensive directions here, i just w