Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of
Supervisor yee good afternoon. Welcome to the october 8th, 2019 regular meeting of the San Francisco board of supervisors. Madam clerk, will you please call the roll. Clerk thank you mr. President. [ roll call ] clerk mr. President , you have a quorum. Ladies and gentlemen, will you please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic, for which it stands, one nation under god, indivisible with liberty and justice for all. Supervisor yee so, on behalf of the board i would like to acknowledge the staff of sfgtv, tom and madias who record each of our meetings and make the transcripts available to the public online. Madam clerk, are there any communications . Clerk yes, were in receipt of two communication the dade the october 27th, 2019 from supervisors haney and walton stating they will be absent today in request to be excused from the meeting. Supervisor yee can i have a motion to excuse haney and walton from at
Supervisor yee good afternoon. Welcome to the october 8th, 2019 regular meeting of the San Francisco board of supervisors. Madam clerk, will you please call the roll. Clerk thank you mr. President. [ roll call ] clerk mr. President , you have a quorum. Ladies and gentlemen, will you please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic, for which it stands, one nation under god, indivisible with liberty and justice for all. Supervisor yee so, on behalf of the board i would like to acknowledge the staff of sfgtv, tom and madias who record each of our meetings and make the transcripts available to the public online. Madam clerk, are there any communications . Clerk yes, were in receipt of two communication the dade the october 27th, 2019 from supervisors haney and walton stating they will be absent today in request to be excused from the meeting. Supervisor yee can i have a motion to excuse haney and walton from at
Committing is going to call about. I have been chair since july. We are yet to have a meeting. You have to stop doing certain things and focus on the most important things. This is a discussion item. There is no item other than to say we will figure out how to use this document. Is there Public Comment . That concludes item 16. There is an old adage. Never fall in love with an investment. You have fallen in love with the investment and that is hedge funds. You have got to bite the bullet and divest from them. You are going to find in a few years there will be big losses. If any of you Board Members are politicians or want to be politicians what you are going to see on the front page of the chronicle, the San Francisco pension fund lost hundreds of millions of dollars in high risk investments like hedge funds. Once again, i think you should start divesting from them. Item 16. Next item. Declaration of vacancy on retirement board occurring february 20, 2020 and approval of election proce