For all of our decisionmaking processes. Board minutes, section b, of the march 24, 2020, we need a motion and a second. So moved. Why dont we just assign two people to do the motions and the second. Anany objections . Seeing none, role call. role call . Good afternoon, everyone. Its great to see you all. I would like to start tonight with a couple of thoughts and then im going to show a quick video. So first of all, beginning wednesday, april 15, we are opening two additional meal pickup sites. These sites will be open from 11 00 to 12 00 on mondays and wednesdays and each site will have the capacity to serve at least 175 children each day. If you want a list of additional pickup times and locations, visit our website, which is sfusd. Edu schoolfood. And second, a reminder that the enrollment deadlines for the 2021 school year have been extended to april 17th. I want to remind everyone the enrollment deadlines have been extended. If you not have yet accepted your School Placement offe
The meeting for april 14, 2020 is now called to order. Role call, please. Pair role call . It looks like were missing one board member . Miss collins. Do we know why . Here we are in this Virtual World and i hope the public is able to access this meeting and future meetings. Well do our very best to make sure that that happens. I also want to say that meetings by our advisory groups will get started up again, hopefully soon, as well as Many Committee meetings by the board. But we do have capacity issues at the moment, but we want to make sure at the same time that the public is engaged and that we have a transparent process for all of our decisionmaking processes. Board minutes, section b, of the march 24, 2020, we need a motion and a second. So moved. Why dont we just assign two people to do the motions and the second. Anany objections . Seeing none, role call. role call . Good afternoon, everyone. Its great to see you all. I would like to start tonight with a couple of thoughts and t
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Somebody on the hook. Clearly i questioned this for weeks, incorrectly today all you need to know is at one point azmodan down about 3. 5 4 . Nasdaq higher at the time. Amazon closes done a percent or so something benign. Nasdaq grinds high are i mean its incredible to me that in the wake of what i think is some serious negative news around the globe the market pushes high are. Well know more next week. For me the most important day of the week is wednesday is when you hear from apple and facebook but even on bad earnings stocks seem to want to go high are. That tells you all you need to know. Caterpillar wasnt such a disaster on the stock price reaction. Performancewise. Compared to the report. Which is remarkable. Another examples. Earnings and guidance were not great. Then the reignition of the semi trade. Look, intel what they told you about demand last night in terms they have to beef up spli this is exactly the opposite what they told you for at least maybe one if not two quarter
Rates because they have already accounted for trade. Id weve taken caracalla weve taken care of that, i didnt have to worry about every up and down in trade negotiations. The nature of the war is that you have titfortat going on all the time. It is not reasonable for Monetary Policy to respond to all of these threats and counter threats. Weve already taken that into account. Trade regime uncertainty is high , and we are putting that into the Monetary Policy calculus. Alix then you have a three month tenure curve that doesnt want to listen threemonth10 year curve that doesnt want to listen. David i dont think markets believe him. Alix it is an extraordinary day shaking out. Equities continue to climb. We are seeing some followthrough buying, watching some moving averages. In asset classes, it is a really unbelievable day. Money flooding into all bonds. Europe. Ves over in almost 60 basis points in the tenure german bund yield. Amazing actions by Central Banks across the world, new zeala