Burn a good thing in when you are an airline good morning, good afternoon, good evening thank you for joining us here on Worldwide Exchange. Aside from those top stories, we are following a massive 7. 8 earthquake that hit off the coast of alaska. There was an original tsunami warning that has been called off. That is a very big earthquake. Well bring you more relevant headlines as we get them thinking about the folks of alaska a quick check and futures will see the bottom right the dow futures are off. This comes off modest gains from the dow yesterday. We finished well off session highs. The nasdaq came off mondays move again hitting an intraday alltime high. Outside of stocks, we continue to watch Oil Prices Tick up. Yesterday, officially at prelockdown highs crude is a couple dollars more than that, we can see where we were prior to march 11 when all the lockdown and virus stuff hit and negative 40 price will go down in history. Oil still down 32 back to pre lockdown levels. As som
And further includes 1 million savings from canceling the upgrades plan at the hospital. At the Human Resources department, the rebalancing plan including 1. 5 million in general fun reductions from an original of 2. 5 million to assist former Housing Authority staff and employment and the Mayors Office staff has told our office that 1. 5 million can be covered within the Housing Authority budget. And within the treasurer and Tax Collector, theres 1. 5 million in surplus monies allocated to the Tax Collector and that project was able to close with surplus funds. The rebalancing plan includes 1 million that were included for the opportunities for all program thats lead by the Human Rights Commission and this Program Provides access to Career Exploration and Workforce Development for San Francisco youth, age 13 to 24. The Program Includes eight mentorships and panelways to employment and as was noted, the Mayors Office has committed to make up that reduction in general fund support throu
Model of providing services and that is now figuring out which of those services that need to be returned in person and its been a very challenging time for our agency. And being in this shelter mostly telehealth model now has so altered our Service Delivery clerk your time is ended. Thank you for your comments. Thank you for your call. Next speaker. Caller good afternoon, supervisors. Thank you for your leadership on the city budget and for looking out for communities and all of San Francisco during these very challenging times. My name is christian ascalante and i lead the workers right program and we have seen the impacts of the Health Pandemic and the challenging to our most Vulnerable Community members. We serve mostly low income immigrant filipino families who are struggling to city in the city due to the high cost of housing and the ongoing displacement of our community from manila town to soma, mission, Bernal Heights and the excelsior. And we have Domestic Workers in care home
Mandelman and yee. I would like to thank sfgovtv for broadcasting this meeting. Madam chair, any announcements. Clerk due to the covid19 Health Emergency and to protect board members, the City Employees and the public and the and Public Comment is available on each item on this agenda and both channel 26 and fof fof. Org and our streams the number across the screen. You can call 1 415 6550001 and 926891085 code. Again, 1 415 6550001, and then press pound and pound again. And you will hear the discussions that you will hear music and be in listening mode only. And when the item of interest comes up star star, 9 to be added to the speaker line. And you can email comment to myself at linda. Wong sfgov. Org. And if you submit Public Comment via email it will be forwarded to the board of supervisors and it will be included as part of this file. Madam chair this concludes my announcement. Supervisor fewer thank you very much, madam clerk. Call item number 1. Clerk the status of nonprofit sus
Money jackie stocks are in the green as 373 million americans filed for jobless claims in the last week. Oil prices, unexpected surge in chinese exports boosting hopes that global economies are also on a path to recovery from the Coronavirus Crisis but how will wall street react when tomorrows jobs report comes out . Joining me now former dallas fed advisor Danielle Dimartino booth, bny mellon chief investment strategist alicia levine. Lets start with you. Well talk about the numbers tomorrow. The positive thing in the weekly claims, weve seen five weeks in a row where the numbers are going down but investors like that. When they get hit with the unemployment report even though theyre expecting it and see doubledigit unemployment how do you think the market will react . Look i think the market is expecting somewhere between 17 and 20 unemployment to print tomorrow. This is a little bit of a backwards look. The data stopped three weeks ago. Were reading it out on may 8th, not the first