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Good morning. The committee will please come to order. Administrative matters based on the advice of the attending physician, after we consulted with the department of health and Human Services and the centers for Disease Control and prevention, individuals in the hearing room are at least six feet apart. As a result theres no room for the public to attend in person. Representatives of the press are working as a pool to relay their observations to colleagues. The hearing may be watched online. Unedited recording will be available on the committees website. Witnesses are participating in Video ...

Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of marc...

Guillermo . Unmute yourself, commissioner, so we can hear you. Yes. Commissioner guillermo, are you there . Commissioner guillermo im here. Clerk thank you. And is commissioner chow on the phone by chance . Commisioner chung yes, i am and i will try for the visual connection as the phone goes on. Clerk okay. And commissioner bernal, i believe that you have smgz to say . President bernal thank you to my chigdzers and welcome to all of the members of the public who may be viewing the Health Commission meeting for tuesday, may 19th. Before we begin i wanted to let everybody know that the commissi...

S San Francisco has been doing a great job flattening the curve and sfds has been a big part of that. The stepsky foundation and Silver Giving Foundation at 225,000 and somaland foundation 476,000, linkedin, 146,000 and the Webb Family Foundation at 70, Golden State Warriors at 50 and walter and alysse haas fund and the Tipping Point community at 25, and the stepski foundation is 20 and i want to thank all corporate and giving foundations and individuals this is a Response Fund the ones their gave before throughout the year and this is the ones for the covid19 response. And toma bravo at 1. 1 ...

There are no active considerations right now to reduce the indiscernible 31 , excuse me. The point is that if you thought that equity returns were not so good tactically, you could sell the futures now and buy the long treasuries without going through the option business. You could rebalance the portfolio right now. You have the discretion to do that. Just like you had the discretion to go to 6 treasuries that you didnt do for whatever reason. Well, we look at it that we are defensively positioned right now. Okay. And you dont thank we need to become more defensive tactically in the near term ...