The dow did go down. The nasdaq went down 4 or 5 . I spent the better part of this year studying the pandemic i was right. You know what we just cover . The professionals are not the only covid that matters. We have a Massive Group of investors who become professionals. They dont care about the same thing as the experts theyre the ones who were the marginal buyers and sellers. The investors have changed the entire character of the market what made you not be able to sleep at night it was very little belief in stocks for the past 20 years, the convention says stocks could no longer be trusted. They continue to lose their values way too quickly when something goes wrong on top of that, the convention only a fool to try to pick individual stocks. You may as well stop trying to beat the mark and put some of your money in an index fund and invest safely in bonds the last eight months, that convention has been stood on its head by a new generation of investors after the rise of Commission Fr
Vice chair eaken. Here. Eaken present. Director heminger. Here. Have you a quorum. Though were legally required to have on the agenda to make its announcement because its clear were all using sound producing devices during the meeting we wont make the announcement. Approval of the october 20, 2020 meeting. Im ask the moderator to open the bridge and ask colleagues if theres amendments to the Meeting Minutes from october 20. Seeing none, is there Public Comment . Moderator is anyone on the line . Have you zero questions remaining. Well close Public Comment. So moved. Is there a second . Second. Chair borden secretary boomer please call the roll. [roll call] director eaken youre very faint. [roll call] madame chair, we can approve the minutes. Item 5, communications. Chair borden i lovely speech i get to give at every meeting. All members are participating Via Teleconference. This will ensure the safety of the sfmta board of directors and public. In the published notice for the meeting a
Supposed to deal with all of that . Thank you, mayor. I appreciate this, and again, this is such a challenging time, i would say the risks the downsides to the shelter in place and the slow reopening are very real and very concerning from a health standpoint and an economic standpoint. I think the Counter Point is no one has said, were going to go ahead and open quickly. As you see across the country, the Mental Health consequences of opening and having a surge, many people are struggling in San Francisco, but if we have a surge like we saw in new york or unfortunately like we saw in houston and parts of florida, we would have all of those concerns that youre talking about on top of the overwhelming the Hospital Systems due to covid19 plus the covid19 pandemic and everything that were dealing with and managing today. Unfortunately, theres downsides to where we are today, but theyre even worse. And we just want people to understand that these times are hard, but we have a pandemic in ou
The minutes should so reflect, thank you. Great. Should we include that amendment on the minutes . Directors, are there any additional callers at this time . Operator you have two questions remaining. So for members of the public on the line, this is an opportunity to comment on approval of the minutes from the june 16th regular meeting. If you would like to comment on the minutes, please state your name and we will start your two minutes. Hello . Operator sorry, hit the wrong button. Operator you have zero questions remaining. With that, well close Public Comment and directors, do i have a motion for the approval of the minutes from the 16th. Motion to approve. Second. All in favour. Do we have to do role call . Yes, madam chair. role call . The minutes are approved in a 40 vote. Item 5. As some of may know, we lost a member, art curtis, who passed away with a long battle with brain cancer. In his early union, he fulfilled his dream with sfmta driving trolley buses and conductor on th
But changes for the july 4th Holiday Weekend as we heat right back up. Well, heres a beautiful live look with the Treasure Island camera with the clouds and starting off the day in the mid 50s for many of us this morning. As we head through our afternoon, mid 60s in San Francisco and upper 60s in oakland. Low 80s for san jose and mid 80s for concord. So daytime highs slightly below average for this time of year. High pressure builds right back in and ill have your all important july 4th Holiday Weekend forecast coming up in a few minutes. Anne . All right, this just in. A big fire breaking out in the east bay overnight. It happened at an apartment complex that was under construction in concord. That fire ripped through all three floors of the building. It was under construction so nobody lived there at this point. So no injuries are reported. But that cause of that fire is still under investigation. Developing this morning, in the east bay, police in mart these are looking for the driv