Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that Steven Mnuchin was on the phone with speaker of the house nancy pelosi shortl
President , Robert Kaplan. Why one person sees i think we can but it was one of commodity exposed risk currencies . Zach not necessarily. The main reasons why it was that is what we saw the first appropriate we take action this time around when the virus was week and why we are very opportunities. Treated by investors as a china lets check today on the carefully monitoring the shock. Situation. Monetary policy is not the lead something that was concentrated policy option in this situation. In china and therefore negative for commodity demand. We need Good Health Care now the virus shock has gone global. Street, down today, arresting western europe, north america, yesterdays gains. Policies, containment policies. Both dealing not only with the transportation index is it is possible fiscal policy spillovers from china but direct will play a role. Enough fair market. There may be forbearance effects from the coronavirus outbreak itself. Policies from a supervisory that makes the currency
December 10 meeting of 2019. Any additions or corrections . Ill move approval. President caen any Public Comment on the minutes of december 10 . All those in favor . Opposed . Motion carries. Next item, please. Item 4, general Public Comment, members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. President caen i have three speaker cards here. The first is dave warner. I dont think i can present this, but can i hand it out. You can put it on the overhead. Im dave warner. Im a palo alto resident. Im also a participant in the mayors water supply stakeholder group. Some of you know ive been speaking at your meetings for three years now, which is a terrific honor. The sfpuc is not sharing draws. Its more important than after as you face major decisions. Should we invest an additional 2 billion or more to develop Water Supplies and raise the rates accordingly to cover the costs . Should we implement rationing as
December 10 meeting of 2019. Any additions or corrections . Ill move approval. President caen any Public Comment on the minutes of december 10 . All those in favor . Opposed . Motion carries. Next item, please. Item 4, general Public Comment, members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. President caen i have three speaker cards here. The first is dave warner. I dont think i can present this, but can i hand it out. You can put it on the overhead. Im dave warner. Im a palo alto resident. Im also a participant in the mayors water supply stakeholder group. Some of you know ive been speaking at your meetings for three years now, which is a terrific honor. The sfpuc is not sharing draws. Its more important than after as you face major decisions. Should we invest an additional 2 billion or more to develop Water Supplies and raise the rates accordingly to cover the costs . Should we implement rationing as
Mike khouw has the strategy to capitalize on that sipgsing feeling. Its time to risk less and make more options actions starts now we kick things off with the head line that rocked wall street the hedge fund that just had a Million Dollar pull back the whole back and forth got us thinking if youre betting on a pull back, what is the best way to play it right now . Dan has got some ideas it really depends on time horizon. Im sure bridgewater is involved in lots of trade options all the time it could be hedging, directional, who knows what the heck it is the when you think about a head line like that, a lot of traders and investors were talking about, it gets me thinking about, lets look at the prices of options right now u with the stock market teetering at alltime highs we have a little more than one month left in the year theres a chart of implied volatility in the spy, the you s see that its trading near oneyear lows. I think viewers will understand that those spikes correspond with