The dow coming off its first close ever above 30,000. Still down 180 a lot of focus continues to be on the socalled cyclical trade, energy, banks, airlines all pacing for their best month ever rob, its good to see you again. I come to you first because your note to our producer today really piqued my interest. The last three weeks, you say, were transformational. How so i think going into this, scott, we did not have a prospect for a stimulus plan it pivoted focus to the virus and the virus count really, really increasing. Since then youve had three months of very, very positive news on the virus front. Youve had an election outcome that appears to be more and more benign with the actions of the with the actions of our president elect. Specifically nominating janet yellen it looks like it was an outcome that was squarely middle of the fairway that was not too far left, not too far right. Really goldilocks like from my perspective. Now youre at a place where when you look at major pivot
Populating wall street are a bunch of weather man everyday you hear the forecast today the dow slipped some points nasdaq declined 1. 2 it is enough to make you take a meteorologist course to see which way the wind blows seems like both ways blowing at the same time. The tail wind dies and the market goes right back down again. You dont care about todays weather, what good is that for you on the forecast . It is easier said than done. How do you navigate your way through the confusing markets. Starting with the winds from the vaccine. We know it is a huge tail wind for the economy. Once people are vaccinated, we can open everything back to normal and more restaurants and retailers will make it and there will be more jubilation. The jubilation that kohls got underneath its stocks and malls can reopen and troubled retailers can be able to shooure and macys the younger robin hood traders are betting heavily on the cruise line, between the vaccine and soon enough well be able to take a cru
Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
Public transit is plentiful. We have conquered the steps, we have watched the dogs, and we have enjoyed a beautiful view. This is a place to take someone special on a romantic stroll and enjoyed a beautiful look out. Welcome to Corona Heights located in the heart of this district. It offers a view of the downtown skyline, the bay bridge, and the east bay. It is one of the best kept secrets in the city. It is hardly ever crowded. On any given day, you will run into a few locals. , bought a 37 bus to get there without any parking worries. For legged friends can run freely. There is also a patch of grass for the small box. It is a great place. It is a wonderful place to have these kinds of parks. That dog owners appreciate it. Take time to notice of the wildfires that are on the grassland and keep your head out on the lookout for hawks and other bird life. Be sure to take your camera and be prepared to take a view of the city will not forget. It has a beautiful red rock formations. You co
Is there any Public Comment on the Meeting Minutes . This moderator can open the phone line. Are there abe any modifications . Moderators do we have Public Commenters . Hot for a moment, please. Hold for a moment, please. No problem. If members of the public wish to address the board on the comment on the minutes, if you could please dial 18888086929 the access code is 9961164 and then dial 10. Moderator, are we opening the phone line again for Public Comment on the minutes . With that well close Public Comment. Directors, do i have a motion for the minutes . So moved. All in favor . Madame chair with the understanding this is on all minutes. [roll call]. The minutes of all three meetings are approved. Item 5, communications. Madame chair. To ensure the safety of the board of directors, sfmta and members of the public on the web page we ask the public to participate remotely by wright writing to the board or leaving the comment. We appreciate the comments. Thank you for honoring our re