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The governors of new mexico, kansas and guam as well as douglas holtzeakin, former director of the Congressional Budget Office. This virtual hearing is just over four hours. The committee will come to order. Authorized to declare recess of the committee at any time. Before we begin todays hearing, i want to remind you of a few matters including some regulation accompanying House Resolution 965. I would ask all members to keep themselves on me was. This will minimize disturbances not being recognized with background noise they made only again one at a time. If you are participating today please remain with us during the hearing t that she recommends vendors identify themselves and facilitate the chairs recognition. I would also ask members to be patient this hearing is entitled the need for Financial Aid to ....
It is healthy if we have cyclical sectors doing well. On the other hand, and on the idea we are recovering are going toward a reopening, if you have the stayathome stock such as the apples and amazons or some trades. Ther it will be interesting to see how this works out. Right now it is resulting in jitters. That with warned us the fans they might have gone too far, too fast. Youve been warning us. What about the news of a possible vaccine . That seem to capture the markets attention for a wild. Abigail , it did, and actually yesterday, too. Produce that bullish open. Behind the scenes on the day, it is coming down to the dollar. We have a strong inverse relationship as happens in certain periods of time between the dollar and stop in risk assets. Today we have the dollar down. 5 . Now it is down. 3 . That is incredible sensitivity to a change of just. 2 over last month. The dollar is down, the s p 500 is up. Up, the year, the dollar is the s p 500 is down. That subtle nuance happening ....
Because it is the only relevant statement of our agencys values and it determines how we use our very, very limited resources in order to uphold the public good. Public transportation plays a Critical Role in the unfolding of this Health Crisis and in the unfolding of what will be likely a long economic crisis. Our job is to figure out how to steward our declining resources in order to therefore the services that essential workers need to have to get to work and in order to poise San Francisco for recovery, thats what were here for. Everything we do, whether its muni, parking is connected with the health and safety of budget of San Francisco. I want to introduce my colleague, victoria wise, who will facilitate this meeting. Do you want to go over what were doing today. ....
Of this Health Crisis and in the unfolding of what will be likely a long economic crisis. Our job is to figure out how to steward our declining resources in order to therefore the services that essential workers need to have to get to work and in order to poise San Francisco for recovery, thats what were here for. Everything we do, whether its muni, parking is connected with the health and safety of budget of San Francisco. I want to introduce my colleague, victoria wise, who will facilitate this meeting. Do you want to go over what were doing today. Thank you, jeff. Good morning, everybody and almost afternoon. While we cant meet inperson were grateful you are joining us today online and really appreciate that you are taking the time to provide input on our budget. Its especially important that we have public input and con ....
Because it is the only relevant statement of our agencys values and it determines how we use our very, very limited resources in order to uphold the public good. Public transportation plays a Critical Role in the unfolding of this Health Crisis and in the unfolding of what will be likely a long economic crisis. Our job is to figure out how to steward our declining resources in order to therefore the services that essential workers need to have to get to work and in order to poise San Francisco for recovery, thats what were here for. Everything we do, whether its muni, parking is connected with the health and safety of budget of San Francisco. I want to introduce my colleague, victoria wise, who will facilitate this meeting. Do you want to go over what were doing today. ....