Clerk on a motion to not disclose the closed session deliberations [roll call] clerk mr. Chair, there are three ayes. Chair mar thank you, mr. Clerk. Is there any further business . Clerk that concludes our business for today. Chair mar great. We are adjourned. Take care. Good morning. The meeting will come to order. The december 3rd meeting. I am joined by Committee Member peskin. Committee member haney will be joining us. I would like to thank sfgovtv for staffing this. Do you have announcements. In order to protect the public and City Employees during the Health Emergency the board of supervisors legislative chamber and Committee Room are closed. This is taken pursuant to local state and federal orders and directives. Committee members will attend through video and participate to the same extent as if physically present. Public comment is available for each item on the agenda. Both cable channel 26 and sfgovtv are streaming the call in number on your screen. Your opportunity to spea
The Santa Clara County District Attorney has yet to say if charges will be filed against the driver. Two more bay area counties will soon begin loosening up more restrictions. We learned the state announce Santa Clara County in Alameda County are now in the orange tear allowing more businesses to reopen. Places of worship and businesses such as movie theaters can reopen for indoors service. 25 capacity or a maximum of 100 people. Santa clara county leaders plan to discuss the revisions coming up at a new conference set for 1 00 this afternoon. California is easy is restrictions to allow multi household gatherings outdoors. Three households can now socialize as long as they were masks and follow safety guidelines. State Health Officials had discouraged gatherings outside of of a single hassle. The state set the limit out of concern that people will be tempted to have a large indoor activities as we approach hallowing, thanksgiving and christmas. We are about two and half weeks from hall
3 . 5. 6 , but improvement from the previous ask. Haslinda it does look like china continues to Gain Momentum in terms of recovery. Lets look at where we are in terms of market reaction. Just. 1 . Underperformed after its biggest rally in more than 5. 5 years. Up. 2 . Pretty muted. Belowe been dragging this 6. 8, a strengthening that we saw onshore and offshore. Jp morgan is seeing gains. The 10 year yields. Take a look. Study right now. 313 after that fresh quiddity injection. Yvonne lets break down these numbers with the head of macro resource. Chinasensus about economic recovery and renminbi since april. What is your take on these numbers . I think the number basically confirms that the Economic Activities are normalizing, especially on the consumption front. We see from highfrequency data that retail sales, etc. That were hit during covid19 are slowly coming back. Upside for september data. Also, from the production side, recovery from earlier in the year. There are three things Go
Prices,ngs, equity asset prices and risktaking. It is not without its consequences. You have to think about what the cost of building has become. Have soared, adding thousands of dollars to the price of any new home. Tech valuations, volatility. Joe, these record low borrowing costs mean you can also lever up. A. T is why we are seeing m seeing know why we are these pictures when we are talking about market exuberance. Extraordinary morning. We were on our news call and news kept breaking. When we were discussing things. Nvidia buying the semiconductor from softbank. Oracle in some kind of deal for tiktok, it appears. Gilead buying immunomedics. Animal spirits that helps fuel the market on a day like today. Romaine other big biotech deals. Gnc looking like it might have found a deal. If you look at the performance, and that market cap jumping on the day. Oracle, a lot of enthusiasm. Verizon, it kind of makes sense. We had one of the executives on and he kind of made a case to why this
Added to studying the feasibility of a megamerger. Of helping understate a pay packet of carlos ghosn. We had a wave of dealmaking creating positive sentiment. We had a rebound from last week, one of the worst weeks for u. S. Stocks since march. Tech stocks taking a breather from the selloff. Asset futures trading modestly. Watchl continue to trading when it comes to japan. Potential takeover for Prime Minister the middle of next week, futures are looking flat after the yen starts to gain in the monday session. We will watch for details about the cabinet and what it means for policy continuity playing in two sentiment for the japanese markets. Dollaryen holding steady. Modest dollar weakness overnight. That is set to continue. At 37. 40. Trading opec joining a chorus of voices suggesting the era of oil demand is deteriorating. Demand forecast for each quarter as we continue to see shortselling in the oil market. To a series ofrn deals we have seen. Oracle is bidding for tiktok u. S. Op