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Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumer...

Thanks for starting it right here with us. Im marcus washington. And im laura garcia. Well get to mike and the Early Morning commute, if there is one out there, but lets check in with kari right now. Were talking about cooler temperatures could help out firefighters. Yeah, thats been such a Welcome Change for the bay area as we start out this morning with a layer of that marine layer, the clouds, and the fog near the coastline. Our air quality will still be unhealthy today for many of our microc...

Lets get your headlines for you. Beijing cansles flights and orders schools to close as chinese cases of the coronavirus rise. Infections. New jay powell said the fed will use all tools to defend the economy. Robert caplain said healthcare policies are key to recovery. Indias defense stocks gain after the first deadly clash with china. The first clash resulting in death between the two countries in 45 years. Now we have e. U. Car sales coming out and the drop is substantial as you may expect. 57...

Of a point, call that flat. The gains in the techheavy nasdaq are way more interesting in this final hour because they come about an hour and a half after the department of justice hoisted a sword of damocles over the social media sector. The doj has proposed new legislation that would make Silicon Valley giants from twitter to facebook to google liable for content thats posted online that violates federal law. Our floor show traders are here to tell us if doj danger is now the cue for you to ta...

Expanding, we can make good decisions about how we use our limited resources to uphold the public good if were clear about our values and if we understand how to make the difficult trade offs. For me, i can promise to continue to update the public to be fully transparent and really to be brutally honest. This is going to be a really, really difficult two years. Perhaps unprecedented in the last 100 years. And the only way were going to get through this is by being honest, by being transparent, b...

How to make the difficult trade offs. For me, i can promise to continue to update the public to be fully transparent and really to be brutally honest. This is going to be a really, really difficult two years. Perhaps unprecedented in the last 100 years. And the only way were going to get through this is by being honest, by being transparent, by engaging with the public and by coming back to our core values to make the tough choices. So thank you all for joining us. And well be back with more inf...

Most people have access to a telephone. So all of our public meetings, including this one, theres a dialin number for people who cant get online and cant see our faces can still hear the text and can call in on their telephone. In fact were getting a significant number of people picking up their phone and calling in. All of those phone calls are transcribed for us and vick has been reading some of them. We want to make sure people have a real opportunity to participate and we have been reliant f...

Settings, homeless as well as First Responders and healthcare workers and those who may not want to go home because of concerns around impacting families. We have been able to because there is even with the declaration of emergency, there is still insurance to be worked out, staffing needs and security needs and support and resources. So far we have been able to this week secure at least 300 hotel rooms for selfisolating or quarantine for folks in the sro or those who are homeless. We estimate b...

Catherine stefani and mr. Kirk. Mr. Clerk, do you have announcements . Clerk due to covid19, and to protect Board Members City Employees any public the board room is closed for the meeting, however, members will be par cities remot palting remotely on the authority conferred by i im logged into rules and cant hear anything, period. Im not sure i should hold up the meeting because i dont knol that they have amendments that t require my input, is there a wai to let people know . We just heard you,...

Clerk there are five ayes. Chair fewer thank you very much. Madam clerk, are there is there any other business before us today . Clerk theres no further business. Chair fewer thank you, colleagues. We are adjourned. President yee thank you. Chair fewer thank you. Test. 3, 2. One. The riles committee. Im hillary supervisor. Im supervisor hillary ronen, chair of the committee. With me is vice chair supervisor Catherine Stefani and mr. Kirk. Mr. Clerk, do you have announcements . Clerk due to covid...