Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board i would like to acknowledge the staff at sfgovtv who record each meeting and make the transcripts available to the public online. What i would like to do is before we go to communications, and before we get into our special order at 2 00 p. M. , i would like to at least say a word or two. Before we get started i want to acknowledge George Floyds funeral today and thank the city family, particularly m. T. A. , for halting all Public Transit from 12 00 to 12 08 p. M. To acknowledge the wrong that happened to mr. Floyd and to the many other black and brown individuals in our country. C
Chair peskin welcome to the San Francisco county Transportation Authority board for our meeting today, tuesday, june 9th, 2020. Our clerk is ms. Angela tsao. Madam clerk, could you please call the roll. Clerk commissioner fewer . Present. Clerk commissioner haney . Present. Clerk commissioner mandelman . Present. Clerk commissioner mar. Present. Clerk commissioner peskin . Chair peskin present. Clerk commissioner preston . Present. Clerk commissioner ronen . Present. Clerk commissioner safai. Commissioner safai . Safai absent. Commissioner stefani. Present. Clerk commissioner walton . Present. Clerk commissioner yee . Present. Clerk we have coreium. Chair peskin thank you, madam clerk. Do you have an announcement . Clerk yes. Public comment will be available for each item on this agenda, via telephone, by calling 888 2045987, enter access 2858465 as seen on the screen. And then follow the system prompts. Once you join, you will be able to listen to the meeting as a participant. When yo
Where does kkr see value in the market these days . Head of global Asset Allocation will join us, saying there is opportunity in japan and emerging markets. About 30 minutes into the trading day in the u. S. Abigail doolittle is here to give us a breakdown. Abigail ge is dominating. Right here with the major averages, looking downsides and the lows following last weeks bearish trading action. In. Sellers are stepping when you put it together with bitcoin and highyield credit, both considered on the far yen far end of the risk premium relative to the s p 500 has done something not done until august. Moving back below the level. Turning now to ge. Looking at a intraday chart of ge. Has been allock over the map. The news came out that they are cutting the dividend to . 12 per share. The second time they have done that since the great depression. The stock could trade higher than 2 and then fell off a little bit. As news came out that they were divesting in assets and cutting the board fro
Author of the prize. You wont have the maneuverability that he has had. His basic argan has been that he will deliver up at her economy and hes delivered a lot that her economy. Of theof the founders prodemocracy protests in hong kong said its time to give up. The government has refused to mans. Students say they are going on a hunger strike. Congressional aides have learned that criticizing president obamas daughters is not a good idea. It began last wednesday with the thanksgiving tradition, the president pardoning a turkey. Melia and syosset were there. They were looking like teenage girls. They were looking toward. Thats enough the aid to a tennessee august with. She wrote that the daughters should try showing a little class and dress like they deserve respect and not a spot at the bar. She resigned. Internet shopping sales rose 8 yesterday. That is less than half the growth rate of a year ago. That may start with the earlier. Tart to shopping season i amazon and others were offeri
It is the lowest in 12 years. Below 65. Ng oil a you are looking at equities and atrently looking at it up 64 and below the lowest since 2009. That is a key concern. You have worries about greece and russia. Will they or wont they increase Interest Rates. Lets check in on the ruble. We are seeing a slight reprieve in the ruble. Expect the central bank to raise rates. They cannot and the freefall. Were seeing it impact the ruble fallingmarkets are down. Japan is not looking any brighter. We have not seen clearer moves with the yen. The yen strengthened earlier today. Thee is concern about orders with the machinery orders and the economy. We have so much on our minds and our concerns. Heres an interesting one to keep an ion. Could we see the refinancing rate auction later today . How much are banks expected to take . The second round of longterm cheap loans is going to banks. We want to see more money going into the Balance Sheet and they say they will boost the Balance Sheet by one tril