Were advancing a layout and you happen dates on amount of be, pe weve been able to distribute in the last few weeks, which is foundational in terms of our efforts to begin to meaningfully modify our stay at home order and begin reopen update you on the daily numbers and trend lines and preview a few things coming up later this week. But first, let me begin by making a statement reinforcing some words over the course of the last few weeks. It was just substantially outperforming the rest of the nation. In so many ways in the last five ore six years, weve become the tenfold of the American Economy in terms of job creation and economic output reflected in the gdp outputs and job growth and record low unemployment, record reserves in the state of california, paid off that wall of debt that would become so infamous in the state of california and saw our bond rating, independent of any assertions by elected officials and agencies upgrading the state on two occasions in said all occasions to
Thinking our speaker nancy of the the leadership senate, particularly Chuck Schumer for the stimulus bill. That was just announced. We are hopeful that it will not only passed but hopeful it will fulfill the promises that are being made in terms of its impact. Thene is naive about magnitude of this crisis and i am not suggesting the magnitude of this stimulus will even meet the moment. I certainly have strong points of view there will need to be more in the future. Let me just acknowledge would work and progress. That is manifest in the state of california by our back of the envelope estimate as we process more of the details of the stimulus bill. We will be the beneficiary of over 10 billion just in the grand portion of the package. Some 5. 5 billion dollars alone will go to the state itself. The rest will go to the cities and counties. That does not include all the other specific, very direct support that is also part of the stimulus bill. Helpfull will be very and is very timely as
Taking to help the Homeless Population and stressed the importance of adhearing adhering to social distancing uidelines. Governor newsom i want to start by thanking our speaker, nancy pelosi, thank the leadership of the senate, particularly chuck schumer, for the stimulus bill that was just announced. We are hopeful that it will not only pass but hopeful it will fulfill the promises that are being made in terms of its impact. No one is naive about the magnitude of this crisis and im not suggesting that the magnitude of this stimulus will even meet the moment. I certainly have strong points of view that therell need to be more in the future. But let me just acknowledge good work and let me just acknowledge progress. And that progress is manifest, the state of california by our back of the envelope estimate as we process more of the details of the stimulus bill will be the beneficiary of over 10 billion just in the state block grant portion of the package. Some 5. 5 billion alone will go
Road map begins with this trade stumble for stocks some lingering china trade concerns plus, ecommerce boom alibabas 24 hour shopping extravaganza breaks its single days record of more than 30 billion in sales and still climbing. And goldman facing an investigation over allegations of sexist credit decisions at app apple card stocks are set to open lower this morning on some dampened expectations surrounding u. S. China trade talks as well now as this escalating violence in hong kong meantime, the s p is in the midst of a five week win streak for the First Time Since march 6 if you look at the nasdaq. It has been a nice ride over the past month. It is so amazing because the some of the bigger runs are companies you would expect no trade deal, we would unravel a lot of the companies that do a lot of business in china it continues to happen one thing i would say is that people seem to care more about the fact that Interest Rates are going up than they care about what is going on in china
Thank you out, everyone. It is our custom to begin in end every meeting with a reminder that the office of Small Business is the only place to start your business in San Francisco and the best place to get answers to your questions about doing business in San Francisco. The office of Small Business should be your first stop when you have a question about what to do next. You can find us online or in person here at city hall. Best of all, all of our services are free of charge. Small Business Commission is the official public forum to voice your opinions and concerns about the policies that affected the Economic Vitality of Small Business in San Francisco. If you need assistant with Small Business matters, start here. First item. Called to order at roll call. [roll call] mr. President , you have a quorum. For the record i need to leave at 315 today if the meeting is not over buy them for a doctors appointment. Item two, general Public Comment. Do we have any members of the public who wo