Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at the u. S. Futures picture after the downturn yesterday,
We have a show full of chief executives and experts when it comes to treasuries. We will have a conversation with scott f. Thiel shortly. This is what markets are doing. Charts withuple everything from s p to growth versus value stock. Oil is pretty much study. Decline in banks. That is pulling stoxx 600 index down. Crude, i look at it every day because of what we are seeing. Around 32 a barrel in new york day rally. Four we will have market checks every 15 minutes. Lets get to the bloomberg first word news. President trump is hoping reopening the economy will dampen the need for another round of stimulus. That is shared by republican leaders, with Mitch Mcconnell sang the only way out of the crisis is for america to grow again. President trump is predicting a great thirdquarter. Talks have soured with the u. K. Negotiator accusing the eu of offering a low quality deal. David frost says it is unworthy of the fair trade agreement. Michel barnier a says they want to keep the benefits of
Id like to thank sfgovtv for airing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. [agenda item read]. Chair ronen thank you. Can you please read item number 1. Clerk item 1 is a motion appointing Megan Wallace to the Treasury Committee for a term ending june 30, 2021. Chair ronen thank you. Megan, if you want to come up . Thank you. My name is Megan Wallace. I just want to share a little bit about my qualifications. First, ive been a Public Servant in the areas of budget, finance, and Public Service for approximately 15 years. In 2008, my family moved to San Francisco, and i began my service with the city and county of San Francisco in the Mayors Office of housing and community development, first under mayor gavin newsom and then under temporary mayor edwin lee before moving to the Port Committee and working with that budget. Part of my work was overseeing the Bond Committee and most recently delving into ifde and issuances. Prior to transitioning sorry. As c. F.
Announcements . Clerk yes. [agenda item read]. Chair ronen thank you. Can you please read item number 1. Clerk item 1 is a motion appointing Megan Wallace to the Treasury Committee for a term ending june 30, 2021. Chair ronen thank you. Megan, if you want to come up . Thank you. My name is Megan Wallace. I just want to share a little bit about my qualifications. First, ive been a Public Servant in the areas of budget, finance, and Public Service for approximately 15 years. In 2008, my family moved to San Francisco, and i began my service with the city and county of San Francisco in the Mayors Office of housing and community development, first under mayor gavin newsom and then under temporary mayor edwin lee before moving to the Port Committee and working with that budget. Part of my work was overseeing the Bond Committee and most recently delving into ifde and issuances. Prior to transitioning sorry. As c. F. E. Of sfusd, i now oversee the School Facilities bond program, and we are pre
Seated to my right is rules Committee Member catherine stefani, and seated to my left is Committee Member gordon mar. Id like to thank sfgovtv for airing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. [agenda item read]. Chair ronen thank you. Can you please read item number 1. Clerk item 1 is a motion appointing Megan Wallace to the Treasury Committee for a term ending june 30, 2021. Chair ronen thank you. Megan, if you want to come up . Thank you. My name is Megan Wallace. I just want to share a little bit about my qualifications. First, ive been a Public Servant in the areas of budget, finance, and Public Service for approximately 15 years. In 2008, my family moved to San Francisco, and i began my service with the city and county of San Francisco in the Mayors Office of housing and community development, first under mayor gavin newsom and then under temporary mayor edwin lee before moving to the Port Committee and working with that budget. Part of my work was ov