Pandemic, everyday we suffer losses. People are losing their jobs, people are losing their grip on their Mental Health. Worst of all, people are losing family members to this disease. Even as we endure these losses, im hopeful for the future. These months of Public Health crises and social unrest has shown us that when we come together, we can have the hard conversations and make the tough choices to do what needs to be done. Not just save lives but to address systemic racism head on and change society as we know it. I know today is about our budget and our path forward. As we step into the future, one that im hopeful for, is important we take a moment to recognize where weve come from. At the beginning of this year, we were living in a different world. Our Unemployment Rate was at a historic low. Tourism was at alltime high. Hotels were full, we had all plans to shape the future of this city we all love. I know i have plans to address homelessness and housing, to reimagine our Mental
Welcome to the july 23 twep twenty. Im supervisor chair of the meeting. Do you have any announcements . yes. Due to the covid 19 Health Emergency and to protect Board Members City Employees and the public. The chambers are closed. This precaution is pursuant to the state wide stay at home order and complies with all the regulations and directives. Public comment will be available on each item on the agenda. Both channel 26 and sfgovtv. By calling 415 6550001. The meeting i. D is 126 4284197 press pound and pound again. When connected youll hear the meeting discussions but be on mute. And in listening mode only. When your item of interest comes up police press star three to be added to the speaker line. Best practices are to call from a quiet location. You may submit Public Comment by emailing myself the joint City School Board and city clerk. If you submit Public Comment via email it will be forwarded to the board of supervisors and submitted as part of the file. thank you. Can you ple
Discussion on the covid recovery. I am your moderator today, megan, the policy share for the San Francisco womens political committee. I would like to welcome our panelists carmen chu, joey jackson morgan, and veronica shepherd. Thank you for being here today. I would like to open up the discussion with a question. Please introduce yourself and tell our audience what you are currently working on the covid issues in your field. We can start with carmen. So good afternoon everybody, so glad to join all of you today for this great panel. I want to thank you megan for helping to host this and making sure this important conversation comes forward. I serve as San Francisco elected assessor. Like many of you, we had to quickly change to a remote work scenario with our office when we had the shelter place be put in place in march. We were able to do that relatively quickly and 98 of our operations is happening off site and not in person. Weve been working hard to make sure we try to continue t
Economy both from a pragmatic standpoint and from a psychological standpoint as well the message that it would be sending to the rest of the world trying to own more of our debt in the United States than just about any country in the world so why would they be doing this right well think about it so just today as we reported here as breaking news about an hour ago the u. S. Federal reserve came within moments of being pressured into lowering Interest Rates below 0 in the end they pulled back from taking them into negative territory but even that build up of what they might do was significant significant enough so china is worried that when you combine what the fed has already done in buying back bonds and pouring billions into banks and printing 2 trillion dollars to pump into a sputtering economy in the United States. What you have what you have is the makings of a weaker dollar a weaker dollar in other words as. Describe it the u. S. Currency will be devalued. And what china is essen
Those gains. Tesla is trading above 1000 a share for the first time. I want to point out the dollar in yields. The dollar has been a proxy for Risk Appetite and Risk Appetite is higher when it is weaker. The fact that the dollar is weaker again signals are not entirely risk off day but you have yields moving lower by about four basis points ahead of the fit decision. Are sensitive to whatever the fed says or does. Yields were moving up yesterday. Seems to have come off a little bit today. Kailey you are seeing yields move lower and the curve flatten out a bit after the dramatic steepening we had seen. The bond market will be hanging on any word the fed may say about possible curve control from economists we talked to on Bloomberg Television. It does not seem like they are expecting a lot on that yield curve control, but that is definitely a market waiting and watching to see if we will get anything there. David thank you so very much. That is kailey leinz reporting on the markets. Toda