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I dont know the definitive answer. I think n that yes, you are correct. We need to check that and get back to you. Right, my concern is, given everything we know in the short term, i would hate for San Mateo County to act because of that imperative. And then i guess the question is, is it possible, i guess you cant really pass we vote to pass both. That sounds bizarre. Not to say that you want to change your vote and but it there a way for the City Attorney to pass both measures . We prefer no government structure but if there were government structure positions, we support them. We couldnt do Something Like that. I understand this is very unorthodox. As of our meeting right now, and if they vote the Santa Clara County board of supervisors. That impasse is what ....
That i was talking about before. I dont think that we can leave public bank to decide at this point. Thank you. Chair fewer thank you. Clerk that is the only caller. Chair fewer okay, Public Comment is now closed. Madam clerk, is there any more business today. Clerk no further business today. Chair fewer thank you very much everyone. We are adjourned. Disantsing. The second Corner Grocery store i went to, tables were set up. This means, you know, were in the middle of a pandemic, and i think my life is more important than having to pay a quarter for a paper bag. I think this should be suspended for Senior Citizens or suspended, period, until the mayor says that were going back to normal and. [beeping] thank you, caller. Are there any other callers in the cue operation . No more callers in the cue. All right. Thank you, ....
Yeah, look, we saw the market rally and the vibs rally earlier this week. Just a terrible sign the 6 0 the vix the vix is the gauge, supposed to go in opposite direction. And spear downturns. That said, over bought as we are, its actually good. I went back to 1985 when you have periods where you are as overboard as we were, you tend to have 3 corrections and no more so lets have the 3 correction. Lets watch out for the stocks trading. David portnoy, the most important force i believe in the market by gunning the cruise ships and in gunning the airlines oil. At least his cohort was doing so watching the robin hood margin features again, this is wa we have to do. If we think the market is run by people who trade through Goldman Sachs were fools. The people active, the people trading retail, trading cruise, airline. Trading low price oils its fun for them and great. A lot use big margin calls that are coming, but the market became fun ....
Powell today. The u. K. Begins its low reopening as the business secretary says employers have a duty to keep staff safe. We will get a glimpse at the economic fallout from coronavirus in firstquarter gdp figures. More earnings coming in across the bloomberg. Taking a provision in this quarter of 326 Million Euros. Ae market penciled in loanloss provision of 286 million. Over a billion euros in loan losses. Nowhere near what you see with the spanish or italians. Theres an operating loss at the bank of 277 million. They penciled in 159. 9 Million Euros of a loss on the quarter. Thats the state of play with commerzbank. We will keep a track on that. We are tracking the losses across the map. What do you have from abm abn . Nejra 1. 11 billion euro. The estimate was 656. 2 Million Euros. Thats a bigger fourthquarter loanloss p ....
Lets check on your markets. We are getting some euro area manufacturing pmi figures. 59. 6, thatphone to is pretty much in line with what economists expected. Higher. 10m also looking at the u. S. Year yield twoyear yield. The dollar you can see steady. We have a lot coming up right here on bloomberg surveillance. We get the latest equity market calls. Find out why he sees a correction soon. Userwe talk facebooks big news. To someone from Credit Suisse. Here is nejra cehic. Nejra u. S. Oil production has surged over 10 Million Barrels a day for the first time in decades. That comes just weeks after the International Energy agency said american output would push past saudi arabia. Decades of declining output has been reversed and the nation has been turned into an exporter. The u. K. Will agree to in transition. Tol ....