Food and that have the relationships of universities and it doesnt mean there arent other Companies Like salesforce or huber that are doing Amazing Things for through these Nine Companies the entire ecosystem touches them in addition to all the things i just mentioned they are building the framework and the silicone chips. All roads lead to these Nine Companies on the challenge that i have is the case the Artificial Intelligence is not just bill to create better microwave although that school to optimize our lives using data as current see what does it mean when we relegate that to a handful of companies and those working at these companies . That dont look like us and dont have the same worldviews as us what are the longerterm downstream implications . Three of those companies are in china. They are publicly traded companies but have lived in china and anybody who watches china knows that publicly traded companies are still under the thumb of beijing so there is no escape if you are a
Josh lipton standing by and gene munsters gearing up for facebooks call and we kick things off for Julia Boorstin for facebooks big quarter quite a move quite a move, Melissa Facebook shares up almost 10 on better than expected revenue and user growth. Cfo dave waner reassuring investors saying that while the outlook is uncertain, advertising is stabilizing so far in april were not immune to this from this crisis. We did see a steep decline in advertising revenue starting at about the first week of march, and that sort of continued weve seen some more recent stabilization as part of the Earnings Release we did include information on the advertising performance in q2 in april and thats about flat year over year. Facebook lowering its expense guidance for the year for 56 billion, as the company spends less on travel events and marketing as well as slower head count growth while the user growth and engagement did surpass expectations with 2. 36 billion people using one of its apps every s
Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments like hedge funds. Most Pension Funds want 7 to 7. 5 return o
21, 2020 special board meeting. Move that we dont disclose. Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments
For Health Care Workers, his conversations with governors, partnerships with private sector companies, and whether there was a chance for the virus to return in the fall. Pres. Trump thank you very much. Thank you. Very comfortable here. A lot of room. And we appreciate you being here. Yesterday i announced we would be extending our social distance guidelines through the end of april. This is based on modeling that shows the peak in fatalities will not arrive for another two weeks. The same modeling also shows that by very vigorously following these guidelines, we can save more than one million american lives. Think of that. One million american lives. Our future is in our own hands, and the choices and sacrifices we make will determine the fate of this virus and really the fate of our victory. We will have a great victory. We have no other choice. Every one of us has a role to play in winning this war. Every citizen, family, and business and make the difference in stopping the virus.