Heidel stre zb. Okay. This is the meeting of the San Francisco Port Commission on september 8, 2020. The meeting was called to order at 3 15. [roll call] clerk madam president , all members of the commission are present. Item number 2 is the pledge of allegiance. [pledge of allegiance] clerk clrk item number 3 is the approval of minutes for the august 25, 2020 special meeting. So moved. Second. President brandon all in favor, roll call vote. [roll call] president brandon motion passes unanimously. The motion of august 25, 2020 [inaudible]. Clerk item number 4 is announcements. Please be vised that a member of the public has up to three advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda item unless the Court Commission adopts a shorter period on any tight. Please note that during the Public Comment period, the moderator will instruct dialin participants to such a tonetone phone to register their desire for Public Comment. Audio p
It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.
Boris johnson sparked outrage. News out ofing south korea. We are getting the jobless rate falling to 3. 2 percent. The expectation was that the jobless rate would come in at 4. 2 percent so this is much better than expected. We are also talking about the sixth straight month of decline in jobless rates. That 270 4000ring jobs were removed in august from a year earlier. We know that south korea has seen its government really boost those job creation efforts not to mention we could have seen domestic demand being held by the Summer Holiday season and more jobs being available. The government pushing for a fourth extra budget. This is of course helping workers and businesses who lost income due to the latest restrictions and jobless rates. 3. 2 . In for august at watch out for what happens later in the following months given we have seen this flare up in virus cases towards the end of august, haiti. Haidi. Haidi pretty dire numbers coming out and we continue to watch what happens when it
Clerk mr. President , you have a quorum. President yee all right. Thank you. Please place your right hand over your heart, and would you please join me in the pledge of allegiance. [pledge of allegiance] president yee thank you. On behalf of the board, i would like to acknowledge the staff of sfgtv, who record each of the meetings and make the transcripts available to the public online. Madam clerk, are there any communications . Clerk yes, mr. President. The minutes will reflect that during the covid19 pandemic, the members of the board participated remotely Via Video Conference to the same extent as though physically present in their meeting chamber. The city believes that it is essential all communities with and without internet have the ability to participate remotely in this meeting. Your written correspondence on any item will be made a part of the official file. Address any mail to San Francisco city hall, 944 carlton e. Goodlett place, San Francisco, california, 94102. If using
To the list. The head doctor for navalny says hes still unstable to move but says he needs to be evacuated for treatment abroad joe biden vows to restore the soul of america. In his closing speech of the Democratic Convention says President Trump has failed in his most basic duties in the nation the president keeps telling us the virus is going to disappear. He keeps waiting for a miracle i have news for him, no miracle is coming. Welcome back lets continue our focus on the pmi data the headline of the eurozone pmi. The economic recovery stuttered in the eurozone through august on the back of the pmi data. The flash composite down to 51. 6 from the reading of 54. 9 anything above 50 is still an skpengs but does express slowing. The new index dropped should be slightly concerning, i think as we continue to look for strong evidence the manufacturing pmi, 51. 7 from 51. 8 again, on these services, not as robust the ceo and chief Market Strategist at long view economics. Can i get your ini