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Known as declaration day. Memorial day became an official federal holiday in 1971. I believe declaration day is what it used to be known. Mike, allie, it is good to be having you on board today. I think about the ceremonies we have covered across the bay area for some 15 years or so. And i think what is missing this year is often the best part of the memorial day ceremonies. Sometimes you have to be seated or standing next to someone you have never met before then you turn and ask, why are you here . You get to learn about their daughter, their son, their husband or they brought their children to learn about memorial day and unfortunately, that is not really able to happen this year. I think you touched on it right there, about teaching your children about memorial day. My son always helps me raise the flag. We have our flag up right now. We put it up on friday, no school today, today is a day of education for our youth. To tell them, these men and women who died for our country, there ....
Here lea lets debate that today. Good to see everybody. Lets take you right to the boards and show you where we are trading. The dow is at 23 about 300 point gain S P Still Holding on the a 1 gain as is the nasdaq. Theres a russell at the far right hand side of your screen up just about 2 all right, jim, youre holding onto this cash we have come a long way from the bottom s p is up 26 . Nasdaq up 25 take stock of where we are and where you thip we may nk we may here taking stock of where we are, the price market has priced in var shaped recovery in economy and profits. That shows that 2021 earnings, they are looking for the best ever i disagree with that i think you will see a recovery in 2021 but not a v shaped recovery, a u shaped recovery. As the stock market comes to grips with that, im still preaching caution and patience i see the move today and yesterday. I have the 12 cash. I feel a bit uneasy about it i got to say i ex ....
Look at the fog, its thick around Half Moon Bay. The kra ceiling is about 200 feet, and we will have 70s, 80s and a few 90s in the east bay. Its quiet in San Francisco as we look south along the embarcadero towards the bay area. Look how rapidly we warm. 80 tole 8 at 4 00. But it will be comfortable by the time we get to 7 00, away from the coast in the 50s and most of us in the upper 60s to mid70s. Reggie . Thank you, mike. New this morning this is azar ahrabi, the santa claire yo woman was at the time of her death the first known coronavirus death in the bay area and just the second in the country to have died from the virus without traveling abroad, and she is more than that, she is also a beloved sister, daughter and mother. And Julian Glover had a chance to speak with this womans son. Julian. Good morning, reggie. She ....
Points hallelujah. S p soared 9. 38 . [ cheers and applause nasdaq pulled 1. 28 it feels like 2008 when the Congress Approved the bank bailout. On the for the stock market to start crashing not long after. Sell, sell, sell. The covid stimulus bill will pass and pass on the second vote heres the problem weve been in the worst bear market i have ever seen. We have been down endlessly. Proprietary s p oscillator i follow keeps registering a minus 20 reading making it the most deeply oversold moment in the history of the oscillator. When you get that level negativity, endless, endless, endless, you get a coyle spring of a market. Usually snap back with a vengeance. Typically based on short sellers ringing the register to close out their business remember if you owned a stock and it kept going up, up, up, you might want to take profits then it goes down, down, down, you might want to take profits if youre betting against it and, loo ....
We have a quorum. Thank you. I would like to begin this meeting by welcoming our newest member c. A. Q. I think the 307 th member of the sfcta that i have served with c. A. Q. Commissioner dean preston c. A. Q. To the Transportation Authority board. And we look forward to working with you and your staff not only on district five issues c. A. Q. But on citywide issues and regional transportation issues. Now that i have acknowledged commissioner preston c. A. Q. I want to have him participate in his First Official act. Is there a motion to excuse commissioner haney . Would you like to raise your hand and make that motion . I would. Is there a second for that motion . As much as this will upset our attorney c. A. Q. We will take that without objection without a roll call vote. Commissioner haney is excused. Welcome to commissioner walton and before i make the chairs co ....