Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
With neding to do that davis, chief u. S. Strategist. Panic, correlation started to break down. Are you looking at correlations as you start to look at u. S. Equity . About 20of all, i am years past my prime on hot dog eating contests. So i believe that to you guys. Wehink it is a general trend have seen over the past few months. Markets trying to get back to normal. While we can criticize the fed for maybe overreaching and buying fixed income, in reality, they stymied a panic in the market. We need to watch a host of things for the markets to return to normal. We need to watch volatility, Interest Rates, gold. If we can see these things continue to heal, then the investors are on the sidelines. That the investors on the sidelines will feel more. Omfortable getting back in areas thatclical have so far not been able to mount sustainable rallies. Caroline so you anticipate a rotation, that the beaten up stocks will start to lead the charge again . There is the typical rotation that you g
And Public Comment is available on each item on this agenda and both channel 26 and fof fof. Org and our streams the number across the screen. You can call 1 415 6550001 and 926891085 code. Again, 1 415 6550001, and then press pound and pound again. And you will hear the discussions that you will hear music and be in listening mode only. And when the item of interest comes up star star, 9 to be added to the speaker line. And you can email comment to myself at linda. Wong sfgov. Org. And if you submit Public Comment via email it will be forwarded to the board of supervisors and it will be included as part of this file. Madam chair this concludes my announcement. Supervisor fewer thank you very much madam clerk. Call item number 1. Clerk the status of nonprofit sustainability in the impact of covid19 on nonprofit staffing and funding and programs and services and the role of the city in supporting the Nonprofit Sector and requesting the office of the controller and mayors Budget Office t
Model of providing services and that is now figuring out which of those services that need to be returned in person and its been a very challenging time for our agency. And being in this shelter mostly telehealth model now has so altered our Service Delivery clerk your time is ended. Thank you for your comments. Thank you for your call. Next speaker. Caller good afternoon, supervisors. Thank you for your leadership on the city budget and for looking out for communities and all of San Francisco during these very challenging times. My name is christian ascalante and i lead the workers right program and we have seen the impacts of the Health Pandemic and the challenging to our most Vulnerable Community members. We serve mostly low income immigrant filipino families who are struggling to city in the city due to the high cost of housing and the ongoing displacement of our community from manila town to soma, mission, Bernal Heights and the excelsior. And we have Domestic Workers in care home
Mandelman and yee. I would like to thank sfgovtv for broadcasting this meeting. Madam chair, any announcements. Clerk due to the covid19 Health Emergency and to protect board members, the City Employees and the public and the and Public Comment is available on each item on this agenda and both channel 26 and fof fof. Org and our streams the number across the screen. You can call 1 415 6550001 and 926891085 code. Again, 1 415 6550001, and then press pound and pound again. And you will hear the discussions that you will hear music and be in listening mode only. And when the item of interest comes up star star, 9 to be added to the speaker line. And you can email comment to myself at linda. Wong sfgov. Org. And if you submit Public Comment via email it will be forwarded to the board of supervisors and it will be included as part of this file. Madam chair this concludes my announcement. Supervisor fewer thank you very much, madam clerk. Call item number 1. Clerk the status of nonprofit sus