7 commercial vacancy rate. 7 store front vacancy rate in San Francisco. That 7 skyrocketed to over 50 . Walnut closed. So this is where all the bands sit. Which rents touring vans to bands has seen his business fall off a cliff. Ive been able to make up little bit of what we lost by catering to a different market. But most of our business has collapsed. Our key demographic was the music industry. You know, were running about 30 of where we were last year. At the protests, Business Owners were asking for openings not to be based on state guidelines but on a case by case basis. Everything associated with the pandemic, things have not gotten easier to do business in San Francisco. Folks dont feel like they have the support they need from elected officials from the federal, state, or local level. Were getting really close here. The margins are very thin for some of these businesses, andrea. Where does San Francisco need to be for these businesses to reopen . Is it the mayor . Is it the gov
T dot com or you tube channel right now stay with us. As or this is the kind of report. Thats right weve answered global depression longer recession forget the recession. Or. The pression this will last a few years ago so you know its going to stay well endings are always always always new beginnings so its an opportunity to come up with new Companies New monetary systems new economic ideas and new populations and ways of interacting with each other so one of the headlines i want to turn to here is from africa and this guy runs a big Clean Company in africa and he says 80 percent of my big question customers do not hold any crypto they buy bitcoin to make payments that is the state of crypto and africa not speculative so obviously theyve jumped ahead from big question as a store of value and theyre using it as a global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market
Community push back for the route would it come to the board . My biggest concern was not so much in delegating authority as much as hanging staff out to dry. I feel more comfortable that it comes to the board so the public can hear our reasoning and understand why we support something. I think the com the compromise f allowing the delegation of authorities if it looks controversial but is important enough to pursue that it come back to the board for our input. With those comments i will make a motion to approve if director heminger is happy with that compromise. Staff did make a previous request, if i may. The motion to amend the resolution to establish no left turns except muni between 8 and turk street would delays the pro habbition for you. Do i need a motion to amend first. Yes. Motion to amend. Second. Roll call, please. Director borden. Aye. Bring plan. Aye. Eaken. Aye. Heminger. Aye. The motion to amend is approved. I need a motion on the main motion. Overall package. Motion to
33 points and nasdaq is up 92 and the s p is up 8 points. Yesterday the dow industrials snapping a 4session winning streak with decline of the session with 135 points and nasdaq down 76 and s p lower by 11. Warning on china that i reported here first, attorney general bill barr calling out American Companies for caving into the pressure from beijing. Bombshell allegation, 15 employees of the Washington Redskins said they were harassed for years. Mornings with maria is live right now. Maria in europe mixed moves, the ftse 100 is up 21 but cac quarante is down 15 and dax higher by 42. In asia overnight markets mostly higher with the exception of japan, nikkei average overnight down a third of a percent and the other fractionally moving across the board. Some of the top stories we are watching right now, John Hopkins University reporting over 77,000 new cases yesterday. 10,000 higher than the previous high. 969 deaths were also reported. Florida, South Carolina and texas all reporting the
Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounceback for you, up 100 points at the opening bell. All righ