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Emergency and given the Public Health recommendations issued by the San Francisco department of Public Health, governor Gavin Newsome and mayor breed have lifted restrictions on teleconference. This meeting is being held virtually with all members and staff participating via teleconference. This will ensure the safety of sfers board, sfers staff, and members of the public. While this allows us to hold meetings via teleconference, it may not be as seamless as it normally would be. A reminder to the public to mute your microphones to minimize background noise. Madam secretary, roll call, please....

Public comment. Reminder to all participants to mute themselves to minimize background noise. Please note gray indicates unmuted. This is caption test. Use the live item 5 action item. Of the august 12, 2020 retirement Board Meeting. Its a motion for the august 12, 2020 Board Meeting. So moved. Madame president we received a request to the Administrative Changes to the minutes. She made Public Comment and we indicated she represented the retired employees. She would like the title of her organization to be spelled out in the minutes. I would propose that we make that one correction on page 9 [...

News on the banks. We were discussing on closing bell the banks finding out this evening what this extra stress tests theyll go through this fall will be there will be two severe recessions it will be tested against as opposed to normally one. Its possible we could interpret those severe recessions as not as bad as they could have been june saw unemployment spiking to 10 . This test has two versions one is that it spikes to 12. 5 and then dips more quickly to 7 7. 5 both of those factors perhaps highlight the severely adverse scenario didnt get that much worse given the year that were in than ...

Check futures, dow futures right now in the red to the tune of 360 points, nasdaq futures down 110 and s p futures lower by 40. Oil prices under pressure this morning. The International Energy agency warning that demand could plummet to less than 25 years. Airlines reaching a deal for Financial Aid. Mornings with maria live. Striking a deal Oil Producing countries agreeing to cut output by 9. 7 millionbarrels a day in an effort to stabilize the price of crude. President trump weighing in on much anticipated agreements. Countries around the world will cut Oil Production by approximately 20 mill...

Please stay home. Please take care of yourself, so its my true honor to welcome you here tonight to the 40th annual San Francisco Good Government awards. [applause] this is our opportunity to pay tribute to the people who are the great engine of our beloved city. Since its inception, s. P. U. R. Has been advocating for Good Governments. We have hundreds of awards given out to acknowledge hundreds of hard working Public Servants, and we are so proud of that. For many of us who are part of s. P. U. R. , this is our absolute favorite night of the year, so thank you for joining us. I want to start...