And directives. The meeting is through video conversation and participate in the meeting as if physically present. Public comment is available on each item on this agenda. And sfgovtv. Org are streaming the number across the screen. Each speaker is allowed two minutes to speak. Comments are opportunities to speak during the Public Comment period and available by calling 1 415 6550001. Again, 1 415 6550001. Meeting i. D. , 1460595898. Again, 1460595898. Then press pound twice. When connected you will hear the meeting discussions but you will be in mute and in this mode only. When your item of interest comes up dial star, 3, to be added to the speaker line. And best practices are to call from a quiet location and speak slowly and clearly and turn down your television ore radio. You can submit Public Comment by emailing to the budget and finance committee clerk, and if you submit Public Comment via email it is forwarded to the supervisors and it will be included as part of the official fi
Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
Corporate results come fast. The hiring trend on Second Quarter impairment and the cost of the pandemic. 6 00 a. M. In london, 7 00 a. M. In germany where siemens numbers are crossing the bloomberg terminal. This is amidst this is a beat. 1. 79 billion on the industrial businesses. The estimate was for 1. 19. They are reaffirming the 2020. They still reaffirm refrain from giving guidance for 2020. It is still very tough for them. The estimate on the numbers was for 1. 1 billion overall. Let me try and get those for you. Still no fullyear guidance. They see it comparable to crime this year. Still a moderate decline for 2020. Refraining from the guidance. Third quarter Free Cash Flow is 2. 46 billion versus 134 a year ago. 434 a year ago. It is a different business to the one they took over in the early 2010s. 2013 is when he was there. You have got a little bit of data to get through. We will talk a little bit later on. He is the ceo of siemens. Firstns us for the interview of the day.
And you look at the spread, the number is enormous the spread is a norm us. Gauge fromccurate the payrolls number, i would expect is difficult. That politicians hopefully get close to a decision. These are the markets and the european markets are down today 1 and the ftse is down more and one reason why is the pound is up. At 131. 1. 31. 1 10 p 500 is only down by of 1 . Andhe bond market is 53 54 in germany. Next hour, we will get back to the bank of england story and get some insight into the fitness sector. How is coping with the reopening rules we are seeing. The ceo of Planet Fitness will be joining us. Going back to the gym is a tough thing to do now. Alix are you a gym rat . Ive tried it but its never worked out for me to stop i live in a nice area where you can go Mountain Biking in the hills. I have a very steep hill near me and thats my exercise regime and running around after my children which provides a great deal of exercise. Alix fair enough. Andrew bailey talked to Franc
But i the gdp data out think out of the United States, it continues to tick a little higher, may be the speed on this recovery we have seen in the last few months, what will we talk about later in the hour . Airbus cut jobs pretty hard. I spoke to the companys ceo. Balance how to put the business in a position where it can recover. It difficult balancing act. A lot of Industrial Companies are going through it now. A great point in terms of all of the pipelines. Economic data in the u. S. Is painting a picture of jobless claims rising, secondquarter downturn,s sharpest and now, hsbc global chief economist. With the pair the data stalled stimulus talks in the u. S. If you had a Third Quarter or Fourth Quarter gdp production years ago, what is it now . Certainly, better revisions selecting the contraction in the q2 figures, but also less than the second half of the year. As you point out, that will be influenced by what happens from the next round of fiscal stimulus, assuming we get one i