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Good morning and welcome to the San Francisco transportation meet ing for today july 28, 202. Madam, clerk. Please call the roll. roll call we have a quorum. thank you. Before i ask the clerk to make a motion. I ask for a motion to excuse the absence. Can i get a second. second. accelerate we do that without objection . i believe so. No vote required. without objection. Commissioner is excused. Do you have any announcements . yes, i do, chair. Public comment maybe available for each item on this agenda via telephone by calling 888 2045987. Follow the system prompts. When you wish to speak on a...

China sea. Coronavirus cases are in the u. S. Florida passes new york is the second highest state after california. Gold futures had a record, beating levels last seen in 2011. Sasol are plunges. Lets take a look at how export thesis shaking up when it comes to the start of trading here in asia. This is what we are seeing when we are seeing futures. U. S. Stocks fell for a second day on friday. There is a faltering sense of recovery in the u. S. This is expected to focus on unemployment insurance. Pelosi has called that passage contracted the futures is down by a 10th of 1 . Japanese stocks co...

Administer chinas takeover of hong kong. Blake burman is at the white house as we await the president s remarks. Blake, what are you hearing from the folks at the white house about what he will be telling us . Reporter hi, there, lou. One source telling me the president will make remarks about china, upcoming a press conference from the rose garden we expect to hear from the president moments from now. You mentioned reuters report about hong kong, the autonomy act passed by congress. Keep in mind with one thing on that, the president , that was signed or passed, rather by both the house and th...

So weve had a big day in the stock market. Things are coming back and theyre coming back very rapidly. A lot sooner than people thought. People are feeling good about our country. People are feeling good about therapeutics and possible about therapeutics and possible vaccines. Quite going to go over a a bit and may be to questions if we have time and its not too hot. Today i signed legislation and an executive order to hold china accountable for its oppressive actions against the people of hong kong. Hong kong economy act, which i signed this afternoon, passed unanimously through congress. Law...

Value and cyclicals are doing better than tech tech just in the red energy and financials at the top of the pile. Stephanie, are we getting a rotation, the start of something that might last a bit longer than it has done ever before well, you know my position. I own a bit of growth and value. Im hoping value has its day in the sun. What you need for value to work is better growth and also a higher expectation for inflation. While we are Getting Better growth sequentially. Youre not getting anything close to inflation look at the ppi numbers today. I think this is why a barbell strategy makes s...