We have a quorum. Could you please read the announcement. Dont to you covid19 Health Emergency and given the Public Health regulars issued by the San Francisco department of Public Health, they have lifted restrictions. This meeting is held Via Teleconference and held by s sfg tv. Please be aware theres a brief lag time between what is being viewed on sfgtv. I would like to extend our thanks to the staff for the assistance of this meeting. If you wish to make Public Comment on an item dial 888 2733658, access code 3107452 and pound followed by pound again. Dial 10 to be added to the speaker line and you will hear an automated voice that when tell you when its your turn to speak and your twominute speaking time will begin. These instructions will be repeated. If they havent done so, ill ask the commission and staff to mute their microphones to minimize background noise. Your first order of business is approval of the minutes of may 26th, 2020. Commissioners, before you, you have the min
San franciscans and our city safe. I also want to thank our city, our coordinating pardtners and organizations who continued to protect our businesses and community as a whole. Finally, i want to remind everyone that we do continue to be in a significant and very Serious Public Health emergency response, and so therefore, we urge everyone to continue to practice the mitigations and safe practices to protect yourselves and others, and this includes Wearing Masks and maintaining distance whenever possible. Finally, i am going to introduce our chief of police, bill scott. I want to thank chief scott for his leadership and for the leadership and work of his his officers and the department over the last few days to help maintain safety and calm in our city. Chief scott . Thank you, mary ellen. I am chief scott of the San Francisco Police Department, and i, too, want to thank mayor breed for her leadership in doing this during a time that weve endured over the past couple of months. To go an
Chair fewer this is the june 3, 2020, meeting of the budget and finance committee. I am supervisor sandra lee fewer. My Committee Members are Shamann Walton and rafael mandelman. Madam clerk, do you have any announcements . Clerk yes. [agenda item read]. Chair fewer thank you very much, madam clerk. Can you please call item number 1. Clerk yes. Item 1, resolution authorizing the officer of the treasurer and Tax Collector to amend a software as a Service Agreement and support contract with citybase, incorporated, to extend to a fiveyear options period of two years each, for a new term of april 17, 2018 through april 16, 2023 and increasing the contract amount by 27,400,000 for a total amount not to exceed 37 millio million. Chair fewer if you very much, madam clerk. We have a representative from the treasurer and Tax Collectors office. Thank you so much, supervisor, for letting me speak about this contract. Im going to share my screen, and while i do that a little bit, im going to try t
Anticipate what will work in that time frame and what wont but after another shocking day, particularly for the sell in may and go away crowd, where the recovery stocks roared, the dow gaining 533 points, nasdaq advancing 7. 7 , the market does not lend itself to that easy divining right now the future is too binary the market feels much more like a horse race where there can be only one winner in a very crowded field of contenders. But its a long race and were still far from the homestretch so it could go either way. Who is running in this race . The first group is the subset of the cramer covid index the storks that enable the stayathome economy think everything from zoom, video, papa johns, dominos. Papa johns 33 sales, thats good news for that horse second group, the recessionproof stocks, mainly the food and consumer Package Goods plays especially ones that make hygiene supplies. During the lockdown, worries about covid, hey, but covid may be waning, lockdown is ending. Third, you
Whole move, just fueled by Wishful Thinking are we whistling past the graveyard here after a strong day dow gained 133 points, up more in the beginning. Nasdaq climbed 1. 3 . I think those are the wrong explanations its not Wishful Thinking. Its that i keep telling you that we have two markets, right. I told you why the s p doesnt work any more. We have two markets. We have all that stuff that went down and im going to go over that and then, of course, whats in the nasdaq in science and technology thats whats responsible for the phenomenal move. The nasdaq is barely down for the year yeah, and the bad market, the industrials, travel leisure stocks everything gets dinged even on a big up day like this one. Right now there is genuine excitement on wall street that we could maybe be returning to something close to normalcy. We know its ridiculously high people didnt get their stimulus checks, the pay row protection program, money will float, Small Business employees consumers have been co