Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Apple have shut a number of Stores Across the country. Microsoft shutting all of its Retail Stores today. Joining us break it down is Abigail Doolittle who has been following all of the action by a rough day for stocks. This virus is really starting to weigh on investors. What do you see . Abigail stocks are lower in the selling pressure never relented. We have stocks responding to data as it comes out with the big drop on the data from the u. S. The nasdaq and s p down. Confirming the risk off, the fact that haven bonds rallied once again. We will bring welcome to the picture. Investors want out of risk. This week, they are not tiptoeing, they are running out of these risk assets on fears , perhapsaps the virus this is the first wave. That it could hurt the u. S. Economy. Emily you have been talking about havens rising as stocks have been down. What would you point out . Abigail it feels as though this week is new in terms of this risk off. And wednesday, we had a big down day and a b
Well now have item 2, roll call. Thank you president scott. Our roll coloradoed to order is 103 p. M. And roll call starting with president scott, present. Vice president hao and breslin and canning is excused. Dorsey, present. Commissioner follansbee, present. With that, we have a quorum. Can we go to item number 3 . [multiple speakers] it wasnt his fault. Thank you president scott. Item 3 is general Public Comment. A opportunity for members of the public to comment on any matters within the boards jurisdiction that is fot on the agenda. Remote viewing is available on sfgovtv and online using webex. Welcomes public participation. There is a opportunity for the public to comment at the beginning of the meeting and each item. In person comment is first and then virtual. Each speaker is allowed 3 minutes to comment. All Public Comments are made concerning the agenda item presented. A caller may ask questions of the body but no obligation to answer or engage in dialogue. Will hear up to 3
Rates and when rates go up, stock investors get nervous. Some will take their money off the table. Cash in profits and head for safety. Also, this has been such an explosive rally since the election of donald trump that some kind of pause is inevitable. It goes without saying that no market goes straight up forever. Call it what you like. Pause, correction, pull back, as of right now the sellers appear to be running this show. How far down do we go . Dont know. Buy this dip . How strong is your stomach. And rush for the door . Thats your call, and its a tough call. Previous dips, remember, have bounced right back. Throughout the program, well be following the ups and downs of what will be a nailbiting day. Stay there, please. Varney company is about to begin. And for the Philadelphia Eagles, the long drought is over. Last championship 1950, presuper bowl era. The dreamers finally come through. Neil there you had it. Final four of a thrilling and bowl. Beat the patriots 4133. Nick foals
We have a reporter working on orning this story. Well have more during the new trains a casts. Good morning everyone and thanked the m you for joins us. The b. A. R. T. Training is finally back up and running after a Major Service disruptionrs. That snarled the morning commutebart s for thousands of riders. Nbc bay areas bob redell is outside the fruitvale station. B. A. R. T. Reopened the revale coliseum coliseum lake merritt and and thurp up and running al be 2 with some delays. B. A. R. T. Workers were able to remove and replace a damaged section of electric third rail located south of the fruitvale station. It was around 4 30 this morning that a threecar train started arcing electricity outside one of the cars. Schmoll started to fill at least one of the cabs two, possibly three people were hurt with minor injuries mostly smoke inhalation, taken to the hospital expected to be okay. Service was interrupted for four, five hours, a fivestation that shutdown. As to workers were late to