London. Gold is on the move. I also wanted to show you lvmh. It is down quite significantly investors inted disappointing investors with earnings. The picture is that stocks and u. S. Futures are pushing higher today. Cooling somewhat but it did touch 2000 late yesterday. Dropped after the french luxury conglomerate reports earnings that missed analyst expectations because of the lockdown. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. Senate republicans have unveiled a 1 trillion plan to bolster the economy. The package, announced by mitch mcconnell, includes an extension to Unemployment Benefits but at lower levels. It includes cash handouts of protection from virus lawsuits. We have one foot in the pandemic and one foot in the recovery. The American People need more help. They need it to be comprehensive and carefully tailored to this crossroads. That is what this Senate Majority has assembled. Meanwhile, nancy pelosi delivered a harsh as
Announced, but the big story is surrounding big tech earnings like microsoft, facebook, and even comcast and qualcomm. It look like some of these companies were basically created for this moment if you didnt know, the microsoft quarter was just a thing of beauty a lot of that is because theyll have a product like teams or like azure that are incredibly strong linkedin doing very well facebook quarter was good, and boom, they say april is stabilization. One of the themes were seeing in tech, or you have service now, well have Bill Mcdermott later today. They have an unbelievable quarter. Maybe the best in the history of the company. So youre seeing companies that frankly not only do not have to make any excuses but are saying good things. You know, qualcomm, ill say, secular trend, 5g, and then highspeed internet is one of the most lucrative parts of comcast. Yes, of course, theme parks not going to happen, but theyll open up again. But high speed, it will never go back you dont switch
For the rest of the year well get a bunch after the bell including netflix. President trump is set to meet with new York Governor Andrew Cuomo this afternoon key relationship for the country and our pandemic response, which has been marked by tension and cooperation in the last few weeks. Well bring you that as soon as it begins. Were expecting that within the hour ahead on todays show, a key move for earnings. Netflix, chipotle, Texas Instruments and snapchat gear up for results after the close. Full coverage of those names and ana analysis of the reports when they come out. And how volatility has impacted brokers. Well speak with chairman Thomas Peterffy after the numbers hit were down 2. 8 on the s p 500 oil very much in focus energy the best performing sector today, only down 0. 6 well dig into all of that coming up for you. Mike santoli is tracking that market selloff. We have got the cohead of oil trading, ben lucker, important guest to join us to discuss crudes unprecedented vol
Comment is closed. If you have an item not on the agenda under the subject matter jurisdiction of the commission you may speak under general Public Comment in item 4. Please note if the fire alarms activate you must evacuate the building. If you need assistance make the way to the closest area across the hall in the mens rest room. There is a speaker box. Press it and the city hall security will answer. They will assist you. We are on item 2. President s report. I will be brief. I like to read emails that talk about the parks. This is to the general manager. I wanted to say thank you. I love my Neighborhood Parks. The San Francisco park and Rec Department does a fantastic job. I love how there is a park nearby no matter what neighborhood. You have worked hard to make that happen. I know maintenance challenges are daunting you do an amazing job of keeping up. Every employee is helpful and professional if i am getting exercise or enjoying the lovely trees and flowers, your department mak
[please stand by] [please stand by] [music playing] [music playing] i want to apologize for starting this meeting 15 minutes late, first time it has ever been started late, but such are things in the time of love and coronavirus. We are joined by our vicechair supervisor ahsha safai, our clerk is ms. Erica major who has some special announcements that have not been heard before. Ms. Major. Due to to declaration of local emergency related to the Novel Coronavirus disease and the Subsequent Health order, we are asking all attendees of the meeting to maintain at least four feet of physical space between yourself and others. Hash your hands regularly for at least 20 seconds and try to avoid touching highvolume surfaces as much as possible. Madame clerk, could you please read item 2 out of order . Yes. In addition be sure to silence your cell phones and Electronic Devices. Speaker cards and documents are to be included part of the file should be submitted to the clerk and items acted on tod