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From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right...

Teleconference. This meeting is held Via Teleconference and televised by sfgovtv. For those of you watching the live stream, please be aware there is a brief time lapse between what is being viewed. On behalf of the commission, i would like to extend our thanks to tv and puc i. T. Staff for their assistance during this meeting. If you wish to make two minutes of Public Comment on an item, dial 14156550001, meeting i. D. , 146 087 5808, pound, pound. And star 3 to speak. Im going to ask the commission and staff to mute their microphones to minimize background noise if they have not already done...

Vice pres. Biden hi. Thank you all for being here. I t want to remind everyone this event has been set up to adhere to social distancing guidelines. Keep your mask on when you are speaking. Thank you for being here. At the end of the program, we will give you guidance to take a socially distanced photo. Vice pres. Biden in case you want one. I thought i was supposed to come up this way. Ok. Hats [indiscernible] vice pres. Biden good afternoon, everyone. I can hear you. Good afternoon, everyone. Lets get energy. Mahomes. S tim i appreciate everyone being here. I want to thank reverend barker fo...

People will choose shopping online, if they do any shopping at all. Obviously target is ready. Bracing itself for what could be big crowds. They see something a lot of economists, for example, do not. Were keeping a close eye on that. Push, pull, obviously on the jobs front. You heard about claims, still below 900,000. They did hit week over week. One of the things barometer of continuing claims, they fell by 167,000 to bring us to about 12. 6 million. Surprisingly good news on new home sales, jumped 4. , to 14 year high. Those are things are sort of whipsawing markets. Were following the law ...

The nasdaq is testing the lows hit during last weeks threeday selloff that sent it into a 10 correction. Any more than a 206point loss for the nasdaq and we right now are down 212, so yes, we are now deeper into that correction territory. We knew the pandemic absolutely crushed the travel industry but now booking holdings, forced to take a draconian step ahead of the Holiday Travel season in order to stay alive. The ceo of booking is here to tell us if hes at least starting to see a shred of light at the end of a very long lockdown tunnel. Plus we are on the ground in florida after the afterma...