[roll call] clerk we have a quorum. Madam president , i want to make a couple of announcements. First, i want to let everybody know that closed session will not be heard today. Due to the covid19 Health Emergency and given the Public Health recommendation issued by the San Francisco department of Public Health and that Governor Newsom and mayor breed have lifted on teleconference, this meeting is being televised on sfgovtv. Please note that there is a delay between live and what is being viewed on sfgtv. If you wish to make Public Comment on an item, dial 14156550001, meeting i. D. 1467101398, pound, pound. To raise your hand to speak, press star, three. Please limit your Public Comment to the item that is under consideration. Im going to ask the commission and staff to mute their microphones if they have not already done so. Madam president , your first order of business is to approve the minutes of the meeting of october 27, 2020. Commissioners, do i have any questions or discussion
Crushed, lowes falls short. Both retailers see big gains in online sales and Curbside Pickup and the Energy Sector is coming off its best week ever more than 16 gain last week the ceo of chevron will join us in this hour, well talk about is in store for chevrons business and the sector. Well talk about all that with michael wirth. Carl cant wait. Boeing is the story of the morning, jim 617 days on the ground you got baird going to outperform with a 306 target today. I guess well talk about not only how they get this back in the air, american will launch it on the 29th of december, how they market it to consumers. I think that there is a tragedy timeline we had it with chipotle, we had it with a long, long time ago with jackinthebox, taco bell. People tend to forget. The media doesnt forget, but the individual who flies is thinking, well, i want to take southwest or take american theyre not going to ask as they would have a year ago is this the max. And then i think also boeing can phas
Rally. The bond market yesterday saying a bit of buying come back, but not much for printing. 71 basis on the 10 year right now. Action pivots over what is happening in the United States. We get to the Michigan Consumer center. A little stronger than economists seemed to have protected. 74. 1, up from 72. 8 last time around. 72. 8 was what the economists were predicting as well. Current conditions, 82. 9. That is slightly ahead of expectation which are at 60. 5. The expectations number is actually where we are seeing the strain. Lets turn to our big story of the day, we have seen that apart from the japanese Prime Minister shinzo abe, the countrys longest serving premier will be undergoing treatment for chronic illness. He spoke earlier today. Respond to ready to the mandate by the public. I made a judgment i should not continue my job as Prime Minister. To step down as Prime Minister. Indicated that he will stay on until Leaders Within his party choose the successor. That could happen
Up pressure. A big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. But that could change. We have 59 minutes left of trade. We do sara, as i know you were equally with me on this, we also happy birthday wishes to closing bell and power legend bill grijive who shargri griffith who shares our birthday and mrs. Carl quintanilla. It goes on and on this great seventh of august. Popular day great day it is because of them, not us. Coming up on todays show, tensions ramp up between the u. S. And china, well speak with i ian bremmer and why a worldwide depression is coming plus, the weeks storm driven Power Outages have been a major headache for people working at home. But they gave a boost to a generator company. Well speak with the companys ceo in a few minutes lets focus on the big stories that were walking mike santoli is tracking a volatile market session. We have the latest developments on the stimulus
Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very negative on the president. Bolton says that everything he does is geared to his reelection and that includes shifting