Of play for stocks as we build into our discussion. Youve got dr. Birx on the task force. The covid surge, quote, the worst event the country will face coming this winter. Stocks have run a lot coming into november. The vaccine is getting closer day by day values been outperforming lately the value etf coming off its fifth positive week in a row thats the First Time Since its fiveweek stretch ending the end of december of 2019. So my question to you to start things off, where do we go from here it seems like the market wants to go higher i think its been incredible all year it seems to definitely be picking up steam in november and pt fir the first part of december, investors are leap frogging, the political discord in washington, the lack of fiscal stimulus and leap frogging that and buying stocks in general and buying growth stocks, buying momentum stocks, buying value stocks, airline, energy, all of the above. It a really good time to reflect as investors, you got to be in it to win
Fund departments may mead extra Staff Members to do various things. I think people have been doing more with less and that works for a while but after some period of time people cant do more without having more and they are all stressed out. We may need more resources for the clerks office. Perhaps some other general fund departments. I do agree with the clerks recommendations that were on that slide that i cant see right now. Those are the recommendations today. We no, i thinks may change early next year and probably will change several times next year. I understand that the mayors budget instructions are due out next wednesday. I understood that this committee was not meeting next wednesday and perhaps this was the last scheduled meeting for the year. I am wondering when the mayors budget instructions will be up for discussion at the Budget Committee . Perhaps someone can address that question. Thank you very much. Thank you for your comments, sir. Next speaker, please. That complete
Theres no room for the public, but this is all streaming and there will be an unedited version that anyone can watch later. Our witnesses are participating by Video Conference today and some senators are as well. I would like to Say Something about mass. The office of attending position that he says since were six feet apart, we dont need to wear masks, although some may. I have one and i wear it outside because as dr. Redfield reminded us yesterday, its extremely important tool for stopping the spread of covid. Im grateful to the rules committee. Sergeant arms, the capitol lice and chun check and Evan Griffith and the people with all their hard work in helping us keep safe and helping us do these conferences by video which everyone has become pretty expert. Senator murray and i will have an opening statement. Well turn to our witness who we thank for being with us today. Each witness if you would summarize your remarks in five minutes, that would leave more time for questions and answ
Emergency and given the Public Health recommendations issued by the San Francisco department of Public Health, governor Gavin Newsome and mayor breed have lifted restrictions on teleconference. This meeting is being held virtually with all members and staff participating via teleconference. This will ensure the safety of sfers board, sfers staff, and members of the public. While this allows us to hold meetings via teleconference, it may not be as seamless as it normally would be. A reminder to the public to mute your microphones to minimize background noise. Madam secretary, roll call, please. [roll call] clerk we do have a quorum. President bridges . Thank you, madam secretary. At this time, the board will be going into closed session. The board will begin with general Public Comment, but no earlier than 2 00 p. M. Well take Public Comment ongoing into closed session at this time. Madam secretary, please open the phone lines. Clerk members of the public who wish to provide Public Comm
Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a