happy 2021. welcome to the san francisco city and county employees retirement system board meeting january 13, 2021. this meeting is being held virtually, with all members and staff participating today via teleconference. this will ensure the safety of sfers board, sfers staff, and the public. while this technology allows us to hold the meeting via teleconference, it may not be as seamless as we would like to be. a reminder to staff and participants to mute their microphones when not commenting to minimize background noise. thank you for your cooperation. madam secretary, roll call, please. [roll call] clerk: thank you. we have a quorum. president bridge? thank you, madam secretary. next item, please. clerk: item number two, communications. due to the covid-19 health emergency and to protect board members, city employees, and the public, the san francisco employees retirement system is closed. however, members will be participating in the meeting remotely. this precauti
a we move into the open session of our january 13, 2021 meeting. you may begin. thank you. roll call please. president bridges. commissioner casciato. present. commissioner driscoll. u a present. commissioner heldfond? present. thank you. commissioner safai? i believe stepped away from the meeting. and commissioner stansbury. present. thank you. we have a quorum. president bridges? motion is in order to reveal the closed session under 67.12a. at this time i will entertain a motion. aye. just kidding. are you making a motion to disclose or not disclose? i make a motion to not disclose. okay. is there a second? it has been moved by commissioner safai and seconded by commissioner that we do not disclose items discussed in closed session. we will take public comment at this time, madam secretary, so please open the phone lines for public comment. thank you. if there are any callers, please press star 3 to be added to the queue. please con
billion. that is the rumor promising $850 billion. that is the rumor from secretary of the treasury steven mnuchin. crude also recovering. we still have a two handle, all after the vix hit a record monday. time now for global exchange. we are going to bring you today s market moving news from all around the world. from new york to brussels, washington, and berlin, our bloomberg voices are on the ground with this morning s top stories. futures trimming early gains this morning, then rallying. here was more in new york is bloomberg s annmarie hordern. walk us through some of the action so far. annmarie: as you said, we hit limit up on those futures. we then went lower into negative territory, but now back in positive territory. it does look like the bears are in control of this market. the biggest plunge on markets since 1987. in europe, similar story. we were seeing a lot of gains, then went negative. right now on the stoxx 600, we are about flat. we are seeing some massive
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