After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
Hold on. This is a tease. Stealing the thunder already this thats right, we are going to talk about this in just a moment anybody still on radio has to wait a second. Take a look at the futures this hour dow futures down about 170, s p off by 2 and nasdaq down by 81. Yesterday, nasdaq down about 1 . Crude oil prices, lets check that quickly we had been watching that contract build up. The july contract build up to just over 34 yesterday. Lets call it even at 32. Then there is the treasury market weve been watching youll see the 10year note has been yielding 0. 64 . A little pressure there too. Take away. With that tease, it feems like months now, weve had really big guests and corporations a big interview at 8 00 a. M. Eastern. Well talk all things economy with former Vice President joe biden about the pandemic, the race for the white house and so much more. Well do that at 8 00 a. M. Live with him a big interview to look forward to on this friday. Tgif i know all the days roll togethe
Mr. President , you have quorum. Thank you, madam clerk. Will you please 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. On behalf of the board, i would like to acknowledge the staff at sfg tv who record each of our meetings and make the transcripts available to public online. And madam clerk, any communications . Yes, mr. President. During the Ongoing Health emergency, members are participating in the Board Meeting through Video Conference to the same extent as if they were physically present in the meeting and members of the public are encouraged to participate remotely in the following ways. If you do not have the internet, the u. S. Postal service will deliver your written correspondence, address the envelope to the San Francisco board of supervisors, city hall, room 244, San Francisco california, 94102 or you may
Results for its vaccine, phase one trial in humans. Weve got a lot more on this coming up in just a moment. But this is a very positive development. When this was announced the stock rally that had already been in place gained a lot more ground. One more positive indicator for you. Thats the price of oil. We are back to 32 a barrel. We are driving again, we are emerging from a lockdown, demand for gas and oil up and up goes the price. Key indicator. Now, look at this weekend. All across the country, people were out and about, enjoying the weather and enjoying their freedom, too. There has been some relaxation of lockdown rules in 49 states. Connecticuts the lone holdout. They open up in just a few days. Bottom line, the economy is opening up and in most places, people feel willing to shop, eat out and socialize. Its hard to see how the authorities can reverse course and clamp down all over again. The genie is out of the bottle and the Moderna Vaccine news is the icing on the i can kcak
Calling about something that continues to be ignored. About the drug dealing. The drug dealers, the street level corner drug dealers. They have been empowered by the actions of clothing or reducing our population and refusing any new incarceration. So what am i saying here . The police have been ineffective with their only tool being to yell at the people through a loud speaker to go home. Thats the strongest tool they have and occasionally they say it in spanish. That is all. I had somebody throw a whole glass of vodka on me so i could get into my gate. Theres nothing coming from the San Francisco Police Department at all and calling the nonemergency line, on redial constantly making it worse. They will call out the 909 for somebody to come and entir and a system. People that come to buy drugs you have 17 questions remaining. Welcome. Hello, this is magic altman, can you hear me . Supervisors, we need to have a commissions meeting for oversight. Interesting that ththe police co overse