Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling they may do that in december to send a message that we cannot do a whole lot to stimulate the economy but we are
Without follows the ultimatum. It was given by the federal side on sunday, calling for the ground fighters to lay down their arms and render. A statement did 30 that thousands of to grain fighters had surrounded just a couple of days ago to raise leadership with disputing these claims. They said that their fighters werent surrendering, and they also disputed the the governments claim that the city was in fact surrounded. Health experts have raised doubts about the covert. 19 vaccine produced by British Drug Company astra zeneca, an oxford university. They say a manufacturing error during the trial process makes it difficult to assess its effectiveness. German chancellor Angela Merkel says coronavirus restrictions could remain in place and well into next year. Bars and restaurants are closed, but schools and some shops remain open while still be mandatory and busy public areas. The football world is mourning. The death of argentinian Diego Maradona who has passed away at the age of 60.
Staffing this meeting. Mr. Clerk, do you have any announcements. To protect the public, Board Members and City Employees the board of supervisors legislative chamber and Committee Room are closed. This is taken pursuant to all various local, state orders and directive. Committee members are participating in Video Conference. Public comment is available for each item on the agenda. Sfgovtv has the calling number on the screen. Provide comments by phone calling 4156550001. Once connected into the meeting id is 146 6994959. When prompted press pound twice to be connected to the meeting. When connected you will hear the meeting discussions but your line will be in his senning need only. When your item comes up dial star three to be added to the speaker line. The speaker prompt will indicate you have raised your hand. When you are unmuted you may begin. Best practices call from quiet location and speak clearly and turndown television or radio or streaming device. Behind full of potential ti
Person, vis person, if you wish to vote in person, visit the bill graham center. You can avoid lines and save time by preparing your ballots in advance and going to the polling place during offpeak hours. If youre planning on filling out your ballot at the voting center, consider bringing some wipes to clean surfaces and Hand Sanitizer to use after you vote. For those who are planning to vote on election day, consider going to your polling place at offpeak time dos, such as midmorning, because it might reduce wait time. And finally, once you get home, wash your hands. Heres a quick recap. And thats it for this episode. For. Mayor breed good morning, everyone. Im San Francisco mayor, london breed, and i want to thank you for being with us today, to provide an update on covid and the election and halloween in San Francisco. We have 12,320 cases of covid total since this crisis began. 37 hospitalizations, 147 people have sadly lost their lives. San francisco has really stepped up its pace
A potentially breakthrough u. S. Vaccine was deliberately held back until after the election. Are your headlines, my colleagues, youll be hearing about an hours time with a look at your news until then stay with us. This is our international i am max kaiser. This is the kaiser re port lots to get to stacey. Yes. Well, you know, weve been talking about the cantillon, our class over the past few years since the money printer started going postal. The central bank started printing credit for the bailout, the Global Financial system. And now soc gen society in general has actually quantify how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds. So how much of the stock markets rise over the last 11 years . Is due to q, e, here is an estimate. The s. And p. 500. 00 will be trading closer to 1800. 00 without fed bond buying says society in general. Right now, is that 3500. 00 it should be at 800. 00 if it weren