Announcer sfgov tv. San francisco government television. Good morning, everyone. The meeting will come to order. Welcome to the june 8th, 2021 meeting of the rules committee. Im so sorry that we started late this morning. We were having difficulty with Public Comment. And i just want to advise any member of the public who is listening in, if you want to be included in the queue to be a speaker in Public Comment please press star three. Its a little different than other meetings. This time you press star three. Ill remind you when we get to Public Comment each time. Im supervisor hillary ronen, chair of the committee. With me on the Video Conference is supervisor catherine. Supervisor stefani and were joined this morning by supervisor Shamann Walton perform our clerk today is victor young and i would like to thank sfgov tv for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Before we get started, id like to ask that anybody thats not a member of the committe
San franciscans and our city safe. I also want to thank our city, our coordinating pardtners and organizations who continued to protect our businesses and community as a whole. Finally, i want to remind everyone that we do continue to be in a significant and very Serious Public Health emergency response, and so therefore, we urge everyone to continue to practice the mitigations and safe practices to protect yourselves and others, and this includes Wearing Masks and maintaining distance whenever possible. Finally, i am going to introduce our chief of police, bill scott. I want to thank chief scott for his leadership and for the leadership and work of his his officers and the department over the last few days to help maintain safety and calm in our city. Chief scott . Thank you, mary ellen. I am chief scott of the San Francisco Police Department, and i, too, want to thank mayor breed for her leadership in doing this during a time that weve endured over the past couple of months. To go an
Chair fewer this is the june 3, 2020, meeting of the budget and finance committee. I am supervisor sandra lee fewer. My Committee Members are Shamann Walton and rafael mandelman. Madam clerk, do you have any announcements . Clerk yes. [agenda item read]. Chair fewer thank you very much, madam clerk. Can you please call item number 1. Clerk yes. Item 1, resolution authorizing the officer of the treasurer and Tax Collector to amend a software as a Service Agreement and support contract with citybase, incorporated, to extend to a fiveyear options period of two years each, for a new term of april 17, 2018 through april 16, 2023 and increasing the contract amount by 27,400,000 for a total amount not to exceed 37 millio million. Chair fewer if you very much, madam clerk. We have a representative from the treasurer and Tax Collectors office. Thank you so much, supervisor, for letting me speak about this contract. Im going to share my screen, and while i do that a little bit, im going to try t
With losses on the s p, not to the russell 2000. In the last halfhour come a little bit of a recovery in the major indexes. The story overall is one what we are still looking for direction. Romaine a lot of the small caps are starting to catch up. Scarlet lets dive deeper into the market action. Abigail i have got volatility on my mind. The skew index that we have been looking at recently up a fourth day in a row. Surge going all the way back to january. Here is why it matters. In white is the skew index. In blue, the s p 500. In yellow, the vix. , near alltime highs, at alltime highs last that investors concerned it was a corrective nature. Thevix had caught up to skew index. Point the s p 500 near alltime highs. The skew index going sharply higher. Over time, this may be something to think about, some sort of corrective action. Probably at some point later in 2020. There was a time lag when this appened last time. Luke talk about why the skew has been a little high. Equities are real
Correction territory and witnessed an internet plunge on the dow of more than 1,000 points. For the quarter, about 7. 5 . And the today. The materials worst performing sectors all down double digits. The utility was the only group to finish higher in the quarter with a gain of 4. 5 but on what is the worst day of the year were stocks, stocks finish with a big bang. Soared 235 points to 16,284. The nasdaq gained 102 and the s p 500 rose 35 to put it back above 1400. Dominic chu with a look at your money. The economic sectors like energy and Raw Materials performed the worst over the past month and the past quarter. Less Economic Sensitivity like utilities and consumer. So can history give us any insight into what we can expect as we approach year end . Many experts say on average, the Fourth Quarter is a seasonally strong time for stocks. But what about the years like this when the markets already looking weak as we approach the Holiday Season . The analysts at the spoke Investment Grou