President yee good afternoon and welcome to the august 18, 2020 meeting of the San Francisco board of supervisors. Madam clerk, can you please call the roll. Clerk thank you, mr. President. [roll call] 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
Trapped by floodwaters. See how total strangers put their lives on the line to get them out of danger. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. This is a flood economically and healthwise of biblical proportion, and our republican friends are lookin like they just want to fix a leaky faucet. Reporter with stimulus talks collapsing in congress, President Trump says he is prepared to take executive action. If democrats continue to hold this critical relief hostage, i will act under my authority as president to get americans the relief they need. Reporter the u. S. Has broken yet another unthinkable record. More than 160,000 people in the u. S. Have now been killed by the coronavirus. We have to remain vigilant. Were doing very well, but we have to remain vigilant. Reporter warning of a humanitarian disaster in lebanon with widespread medicine and Food Shortages after this weeks explosion. Reporter a u. S. Top intelligence official is warnin
Moment as we look at the labor economy of the united states. ,resident trump out front giving his strategy on the adp report to dovetail a big number for friday, with the reality of the adp report in 14 minutes. Jonathan i think we are both lost for words over this one. Adp report around 15 minutes away. The estimate, positive 1. 2 million. It continues with claims tomorrow and concludes with payrolls friday. The churn beneath the surface, we talked about this so many times. Claims only show you one side. We will try to get the net of things friday. Really unpredictable. Tom i agree, adp is a little squishy. It is likely john swann axios interview. Theres a huge margin of error on the jobs report. How do you see the bond market set up for the margin of error of fridays report . Lisa heres a question, are we already seeing a policy error with the delay of some sort of stimulus package . Are people going to be trying to find other reasons to take a move . I will say the bond market right
110 per share the last time i looked. For green on the screen mainland equities. They continue to climb higher. The futures in the u. S. Are flat. We can move it on now. In terms of the dollar, there is some weakness. Trade data out earlier. A bit of a squeeze on the aussie. Concerns about the virus as well in victoria. In terms of the euro, that has been on the tail end. We can move it onto some of the commodities were looking at. This thing in terms of inventories. They have been declining but still concerns about the virus and demands there. Gold is currently at 17. 68. There is the spread that we see. Were are looking at really back termsupport, on pause in of additional stimulus to the economy. Yvonne i was hoping for some type of liquidity or something to reverse that trade. Look at what we are seeing here. The Prime Minister of australia has considered this worse. This is falling in line with what we have seen from other Global Leaders like Boris Johnson who now says nearly 3 mi
Different tone. The tone to me this morning, jon, is fascinating. The crosscurrents in the market, i can honestly say, in a zillion years, i have never seen how odd it is right now with the pandemic news, and of course some of that, china and beijing, wrapped around the reaffirmation of wall street, for some form of vshaped recovery. I was thunderstruck over the weekend, some of the optimism coming out of wall street houses. Jon we will talk about that later in the program. A fresh outbreak in beijing very much the focus this morning, the disappointing data as well. The data does not validate the exuberance we saw in the market as we saw in the month of june. Lisa that is the problem, that demand is not picking up. Even though we are seeing manufacturing pickup and production online, we will see perhaps production the consumer is not buying it. Junell be getting the u. S. Manufacturing press and we will take a look at what else in the day ahead we are also going to be hearing with from