Chair fewer good morning, everyone. The meeting will and to order. This is the october 28, 2020, regular budget and finance Committee Meeting. Im sandra lee few are, the chair of the committee, and im joined by the members, supervisor walton and mandelman. Our clerk is miss linda wong. I thank sfgovtv for broadcasting this meeting. Madam clerk, do we have any announcements . Clerk yes, due to the covid19 Health Emergency, the City Employees and the public and the board of supervisors and the legislativ legistate meetins closed. And precaution is taken to the local, state and federal orders, and declarations and directives. The Committee Members will attend through Video Conference and participate in the meeting to the same extent as if physically present. Public comments are available on each item on channel 26 and sfgovtv. Org or streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments are opportunities to speak during a Public Comment period
Board members, City Employees and the public, the board of supervisors Administrative Chamber and Committee Room are closed. The members will be participating in the meeting remotely. The Committee Members will attend the meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available at each item on this agenda. And both on channel 26 and sfgovtv. Org, and they are streaming the numbers across the screen. Comments are opportunities to speak during the Public Comment period and are available via phone by calling 1 415 6550001. And, again, that is 1 415 6550001. The meeting i. D. Is 1464986060. Again, that is 1464986060. Then press pound and pound again. When connected you will hear the meeting discussions but muted and in listening mode only. When your item of interest comes up dial star, 3, to be added to the speaker line. The best practices are to call from a quiet location and speak clearly and s
And citizens of all backgrounds. The cost of the biden shutdown would be measured in increased drug overdoses, depression, alcohol addiction, suicides, heart attacks, economic devastation, job loss, and much more. Joe bidens plan is not a solution to the virus, but rather its a surrender to the virus. [applause] my administration has a very different approach, to save as many lives as possible, we are focusing on the science, the facts, and the data. We are aggressively sheltering those at highest risk, especially the elderly, allowing lower risk americans to safely return to work and to school, and we want to see so many of open byeat states be democrats. We want them to be open. They have to be open. They have to get back to work. [applause] workhave to get back to and they have to get back to school. Most importantly, we are producing a record a vaccine in record time. Under operation warp speed, we have three different vaccines in the final stage of trials right now, years ahead of
Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. That was intimidation that bordered the very close to re
Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s