The dow is down now 1040 points now live from ep rate locations, youre looking at the worst day for the s p since may 1st. For the dow, it is since april 1st, and you really have to go down about 1200 points to go further than that. Were watching a number of different dynamics at play one is just the reality check that we got from the fed and jay powell, it is the recovery, the covid spike that sarah was juk talking about, and the success in various pockets apple is down, but it is still up more than 7. 5 for the week microsoft is similarly down almost 2 today, but up 5 for the week sam z amazon, google is just up 1. 3 for the week and down today, but you cant just look at one day up or down so we have been up so much, morgan, one wonders how much of a reaction in the market this is going to be. We have been hearing for days and weeks now the idea that the rapid run, off of the lows, for major averages from that march 23rd low that were looking overboulgt or even like they were getting
Versus value. We had the nasdaq earlier this week trading at record highs. We have not really seen the other indexes get back to those record highs. Wayrussell 2000 is a mild is a mile away from its record highs. Are you comfortable with this idea that we only have a relatively small cohort of companies and sectors pushing this market higher, or do you want to see broader participation . I think it helps make sense of the market action. Thinking through, where would you want to put capital to work . What is driving this vshaped recovery . I think it would be quite irrational given what is going on with the pandemic and the broader economy. Investorson here for is where do you put capital to work from here on out. These positions within technology, there are some unstoppable trends like digitization, cybersecurity, which are really interesting given the work from home environment. Some of that, we do believe would continue to move higher. An area that you like. That not just the fact th
Charter amendment be continued. Supervisor yee ok. So the question is, should it be continued and id like to get a motion to continue this item. So moved. Moved by supervisor walton and seconded by mandelman. Go ahead and call the roll to continue this item. Clerk to continue item 16 to june 23th, supervisor mar aye. Peskin. Aye. Preston. Aye. Ronen. Aye. Safai. Aye. Supervisor stefani. Aye. Supervisor walton. Aye. Supervisor yee. Aye. Supervisor fewer. Aye. Supervisor haney. Aye. Supervisor mandelman. Aye. There are 11 ayes. Supervisor yee without objection it will continue to the meeting of tuesday, june 23th, 2020. Item 17 is a motion to appoint larry bush to the Ethics Commission term ending february 1th, 2023. Supervisor yee go ahead and call the roll. Clerk on item 17, supervisor mar aye. Supervisor peskin. Aye. Supervisor preston. Aye. Supervisor ronen. Aye. Supervisor safai. Aye. Supervisor stefani. Aye. Supervisor walton. Aye. Supervisor yee. Aye. Supervisor fewer. Aye. Superv
Good afternoon and welcome to the regular meeting of the san not frasanfrancisco board of su. Madam clerk, would you please call the roll. Clerk thank you, mr. President. [roll call] mr. President , you have a quorum. President fung thank you. Please praise your right hand over your heart and join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god, indivisible with liberty and justice for all. I would like to acknowledge the staff at sfgtv, ka lena who recorded each of the meetings and make the transcripts available to the public online. Madam clerk, are there any communications. Clerk yes, mr. President , i want to thank the president and the members for the length of this communication. The minutes will reflect due to the covid19 pandemic, member of the boards of supervisors will participate remotely through video conference. To the same extent as though they were phys
Then later today you remember yesterday we were on the hot side for inland areas saying goodbye to 90s and even 80s. Couple of sprinkles offshore all that energy is really going to diminish by the time it reaches the bay so dont really expect any sort of widespread rain couple of spots, a coastal drizzle is really all weve got 50s and 60s for your current temperatures thats not a huge change from yesterday just yet, oakland conquered at 61 pittsburgh fairfield in the low 60s right now later today as when youre going to notice just how much cooler we are from th90s inland to just the mid 70s today and 60s elsewhere in the bay. Im talking the rest of your forecast. Still ahead back to you. Thanks a lot john won and today you can go to restaurants in San Francisco. They are allowed to serve outdoors and there are restrictions for diners covers will tran is live in San Francisco to explain how its going to work i will. Hi good morning. Yes, there are restrictions been elise finally a crack