Stay updated with breaking news from Development asset. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
[roll call] clerk we have a quorum. Madam president , i want to make a couple of announcements. First, i want to let everybody know that closed session will not be heard today. Due to the covid19 Health Emergency and given the Public Health recommendation issued by the San Francisco department of Public Health and that Governor Newsom and mayor breed have lifted on teleconference, this meeting is being televised on sfgovtv. Please note that there is a delay between live and what is being viewed on sfgtv. If you wish to make Public Comment on an item, dial 14156550001, meeting i. D. 1467101398, pound, pound. To raise your hand to speak, press star, three. P ....
Good Tuesday Morning welcome to squawk alley. Were with you for the hour, what a fascinating market day, john walmart and home depot tickiki things off then for awhile there a bit of a tumble the dow briefly at its biggest loss plenty of dynamics to watch as we watch the retail earnings and the progress on stimulus big stocks and big tech in particular apple is fractionally higher amazon perhaps riding that retail news overall. Up better than 2. 5 . Alphabet up about a percent. Microsoft lower, and then there is oracle. In the news because of this tiktok bid, perhaps, carl. I dont know if there is anyone not bidding for tiktok lets start off with exactly that as a source tells cnbc that oracle has entered the race to buy tiktoks u. S. Operations. Walt, you know what my first take was on this microsoft was telling this story about their focus on the enterprise now theyre bidding for tiktok and oracle, how does it facility them at ....
The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufactu ....
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gai ....
Closed. I move that we send this item to the full board with positive recommendation. Can we take that without objection . Thank you. Mr. Clerk, please call items 8 and 9 together. Clerk agenda number 8 is a resolution authorizing the director of the Mayors Office of housing and Community Development to execute a local operating Subsidy ProgramGrant Agreement with 27510th Street Associates l. P. A California Limited Partnership to provide operating subsidies for formerly homeless adult households at Bishop Swing Community House at 27510th street. And for 15 ye ....