Outbreak of covid19 has led to an unprecedented Public Health crisis and a dire economic crisis. We have lost over 110,000 people to the disease, and 40 million remain unemployed. Back in february as the band that it was worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage the sba disaster resources available. Can you please mute . Anyone should be muted. Everyone should be muted. As the virus continues to spread, or state and local governments began imposing stayathome orders and business closures. We quickly realized Congress Needed to do more to meet the full scope of the problem, and that is when we started working on what ultimately became the cares act. To help Small Businesses and eligible nonprofits, congress created a new Paycheck Protection Program, expanded eligibility to the program and provided payment and interest relief for current sba borrowers. I
The hospital fed chair jay powell told congress more stimulus may be necessary. A moment ago, looking at the dow futures. Up by about 67 or 70 points. S p up by 10. 50 and nasdaq up by 152. 10year at 0. 743 below yesterdays close. We have a huge line up again today. Amazing. Former Economic Advisor to president Obama Joining us about an op ed hes just penned. General motors Ceo Mary Barra with us. Investor Glenn Hutchens and Dallas Mavericks owner and netflix cofounder and ceo of netflix with Important News to share this morning some stocks to watch you might keep an eye on ar call revenue was a little short results would have been better but customers in hard hit areas postponed purchases including hospitality, retail and transportation clients shares of groupon reported a First Quarter loss that wasnt as bad as expected saying it was challenging, people turned to discounts on Warehouse Club members, flour delivery and e learning. I was willing to send some flowers. We waited up late
Commissioner ronen . Commissioner ronen present. Clerk commissioner safai. Supervisor commissioner stefani . Walton absent. Yee present. We have quorum. Commissioner peskin for you have any announcements . Clerk yes. Public comment will be available for each item on this agenda via telephone by calling 888 2045984. Enter access today 2858465. Not sure if its showing up on the screen. But then follow the system prompts. Once you join, youll be able to listen to the meeting as a participant. When you wish to speak on an item, dial 10 to be added to the queue to speak. Each caller will be allowed two minutes to speak. When your two minutes are up, we will move on to the next caller. Calls will be in the taken in the order in which they are received. Best practices are to speak slowly, and turn down the volume on the speaker. Please allow for a 30second lag time during the course of the meeting. Commissioner peskin thank you, madam clerk. I move on to the chairs report. Colleagues, this mo
Situation and perhaps program the fund at the end of 2020, when we have a much Bigger Picture and reflect this in the new midyear budget we plan to bring in june and the annual budget later this year. We have, however, in the meantime been engaging with key stakeholders, such as the sfmta, the department of Public Health, the Pedestrian Safety advisory committee, the bicycle advisory committee, and all of the variation advocate organizations and Community Groups on the guidelines for how the program might be structured and what the process would be for eligibility and the like. So again we look forward to bringing that all to you later this year. Turning to project delivery. Pleased to share, of course, that caltrans has made tremendous progress. Youve seen this in the news. They were able to accelerate this project by three months, during shelterinplace. Took advantage of the lower traffic levels and we do want to appreciate that theyve been able to keep the public well informed. The
At present. I never can tell whether its preston opeskin. Peskin present. Clerk present. Commissioner ronen . Commissioner ronen present. Clerk commissioner safai. Supervisor commissioner stefani . Walton absent. Yee present. We have quorum. Commissioner peskin for you have any announcements . Clerk yes. Public comment will be available for each item on this agenda via telephone by calling 888 2045984. Enter access today 2858465. Not sure if its showing up on the screen. But then follow the system prompts. Once you join, youll be able to listen to the meeting as a participant. When you wish to speak on an item, dial 10 to be added to the queue to speak. Each caller will be allowed two minutes to speak. When your two minutes are up, we will move on to the next caller. Calls will be in the taken in the order in which they are received. Best practices are to speak slowly, and turn down the volume on the speaker. Please allow for a 30second lag time during the course of the meeting. Commis