Economy to be reimagined and reconfigured in the way of a Global Pandemic that is shut down the daytoday operations of the economy. So that is a challenge that first order is to migrate my own job so the first person i thought of they happily complied dean baker senior economist for Economic Policy research the most recent book is called rigged and one of the reasons i admire as we go tonight as a fierce critic of the status quo and intellectual property. And its an ebook form also joining us is the staff writer kate i believe it is working on a book manuscript now and recently contributed the teacher is hours . So i want to thank you both for taking part in two dates discussion and the spirit of economic revival. If you are engaged of the topics of tonights discussion with the recent appearance on the podcast the politics of everything and reimagining the economy. Also to be a part of this discussion and its going live on facebook right now. And thats all i got. So to start with a ver
Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board i would like to acknowledge the staff at sfgovtv who record each meeting and make the transcripts available to the public online. What i would like to do is before we go to communications, and before we get into our special order at 2 00 p. M. , i would like to at least say a word or two. Before we get started i want to acknowledge George Floyds funeral today and thank the city family, particularly m. T. A. , for halting all Public Transit from 12 00 to 12 08 p. M. To acknowledge the wrong that happened to mr. Floyd and to the many other black and brown individuals in our country. C
Good afternoon. Welcome to the june 9, regular meeting of the San Francisco board of supervisors. Could i have roll call, please. Thank you, mr. President. Supervisor fewer. Present. Supervisor haney. Supervisor mandelman. Present. Supervisor mar. Present. Supervisor peskin. Present. Supervisor preston. Present. Supervisor ronen. Present. Supervisor safai. Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board i would like to acknowledge the staff at sfgovtv who record each meeting and make the transcripts available to the public online. What i would like to do is before we go to communications, and before we get into our special order
Now more than 47 off the march low. The nasdaq closed at the record highs as well. This morning, seeing give back the dow indicated down by 345 points the s p indicated off 35 and the nasdaq off by 70 points. If youve been watching cha is happening with treasury yields, a lot happening. The 10year at 0. 82 we had been at 0. 9 . We had been at 0. 7 . We are seeing a little give back with oil prices seeing wti down just 0. 5 . We have another big show. Three squawk exclusive interviews taking place. Finding solutions for economic racial inequality. The highlight is ceo of e sen sur. And from barrons with a lot to say. Dick parsons will be joining us. A lot on tap thank you getting an update now on the reopening. Movie theaters in california can reopen on friday only if they obtain approval from county officials requiring imposing safe guards including limited attendance to 25 or 100 people, when whichever is lower. New york mayor bill de blasio is planning to make parts of manhattan, bus
He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of the cyclical sectors are lagging. One reason the banks