Screen. Once told, you will be invited to join the meeting as a participant. When prompted, dial star, three to speak. You will be prompted by the system when it is your turn to speak. Please anow for audio alf delays and a 30second lag time during the course of this meeting. That completes my announcement. Chair peskin thank you, ms. Milton, and colleagues, supervisor mandelman is going to be about 30 minutes late fore this meeting. Colleagues, is there a motion . Supervisor walton second. Chair peskin ms. Meltocan that without roll or how do i handle that . Because there is no quorum for this meeting, you dont need to have because there is no quorum for this meeting, you dont have to call roll for that item. Chair peskin thank you. I want to thank supervisor walton and supervisor yee for convening two weeks ago during our oneweek recess to consider and ultimately approve the onecent sales tax for our caltrain. This will provide much needed reforms and a path for long needed funding f
Morning. I could go on and on, mike santoli, but when i have you on the program with me why would i bother i might as well send it over to you. Set us up for the action today, particularly given what weve seen there was that rotation earlier in the week, but it already feels like theyre coming back to growth. Rotated, with he unrotated, we will we will rerotate i do think its indicative of this market that has generally speaking hesitated right underneath the all time highs. We are all looking at that its fascinating as sara and i talked about last night on closing bell we would otherwise be saying, oh, its a quiet post earnings august period, markets in a nice uptrend, s p is up 3 month to date, its supposed to be a negative week, everything looks fine, markets maybe just pausing because its had a 50 run in 100 trading days, but because we are on the verge of that number it seems to gain outside significance in terms of people trying to figure out whether thats kind of an end point fo
Rewards. All indices are higher in terms of the s p and dow. The nasdaq has turned lower in the last 30 minutes. Vix at 24. The euro continues to drive higher. 1. 1518. Strength after they managed to pass some grants and lowinterest loans to aid everybody. Of crude oil, Summer Travel season is in full swing as coronavirus cases pop up in cities across the country. Many are rethinking a potential comeback in the hotel and leisure sectors. Adam portnoy, is ceo of rmr group. Us,last time you were with it was toward the beginning of the outbreak in the northeast, at least the beginning of what we knew the outbreak would be serious. You were collecting commercial rents at a rate back then that surprised you. Beet been instance i since . Time wence the last talked, in terms of Economic Activity in our portfolio, we have over 2000 Properties Across the u. S. We touch every type of commercial real estate sector. As a result, we have a really good sense of what is going on in the economy on a d
Patriotic. Vaccine is on to find a amid warnings of a greater resurgence to come. Haidi pretty mixed midweek outlook when it comes to trading here in asia and for the first time in a while, we have seen equity markets kind of take a step back in terms of not headlines. A great deal of activities and commodities. Lets take a check of futures. Contracts trading higher after we saw a lack of conviction in u. S. Markets as we get concerns that perhaps this fourth round of fiscal stimulus will not be forthcoming. We are hearing the republicans are in the midst of crafting their own proposal to take to the democrats and we also heard from President Trump as he resumed his virus presser, encouraging americans to wear patrioticart of a duty. Over in japan, we are seeing outside of point 3 when it comes to trading for nikkei futures in chicago. More earnings on tap along with japanese pmi readings as well. Take a look at gold and soldiers. Pretty much flat at the moment, jumping close to a nine
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da