have performances up and running again and hope to see you all joining us there. i want to give jay wallace a couple of moments to ask is his appreciation to the port bath. [laughter] and tell us about his commitment to the project. [laughter] >> thank you, rebecca, ricky, commissioners. jay wallace. all joking aside, i do want to extend my appreciation to the port bath, we meet regularly, they are tireless in their advocacy of the ports interest. they let me yell and scream from time to time. we all work well as a great team. you have some tremendous port staff, it is your to work with and i'm just excited to finally be here with the dates ahead of us after many years. ricky, rebecca, mike, elaine, grace park, who is not here, all of them do a great job. thank you very much. i'm happy to answer any questions. >> that is the end. that is it area any public comment on this item. oh there is a lot of public comment on this item? don't feel compelled to eat. we know that they have a lot of support. we know what a wonderful process this is area if you really want to speak, come on up. d

saying about his disappearance. >>> and the head of a charity that accepted donations from jay-z and the nfl is now under fire this morning over this picture. how she's defending herself. >>> plus, matthew mcconaughey horns in on espn's gameday fun with a dramatic entrance. all right, all right, all right. more "gma" right after this. >>> "good morning america" is sponsored by state farm. talk to an agent today at 800- state-farm. so josh, you going for our drive safe and save discount? ♪ yup, using the app. driving safe. heh. you wanna go? wanna go bro? hey, uh, do not mess with my discount. woooo! you could save up to 30%. let's go! nice to meet you, go get 'em tiger! woooo! sounds like you've got this? yeah. definitely. get a discount up to 30% with drive safe and save™ from state farm. nature's recipe knows a dog's big life is measured in wags. so we carefully choose every ingredient - like chicken, sweet potato and pumpkin to fuel their best life. also try nature's recipe true treats and prime blends. the doctor's office might mejust for a shot.o but why go back there wh

this move later on. >> melissa, thanks jay powell speaking moments ago in switzerland this will be the last time we hear from him or any other fed official before the next decision the markets almost guaranteeing a quarter point cut. did powell give any hints? what do you think, steve >> we're going to let you and viewers be the judge he was in switzerland, asked directly, asked directly by a member of the audience whether he would be cutting rates in the months ahead you tell me what this tells us >> we're watching all of these developments the geo political risks, breck it, incoming data. and really looking at financial conditions and we'll be assessing those in future meetings and we've said that we're going to act as appropriate to sustain the expansion. >> so that act as appropriate has kind of been the code word for we're going to cut rates given the market thinks we are powell's comments came after the jobs report which he said showed a healthy jobs market and scored an upbeat view of the economy from the chairman. let's take a look. i've divided it up rising wages a really

the fed. let's talk about that as we are waiting for jay powell to speak. we will come back to michael mckee. in the meantime, kevin cirilli at the white house. finally, we have a plan from the white house on what to do with fannie mae and freddie mac? kevin: they are calling it a roadmap. steven mnuchin unveiling a plan that would re-privatize fannie mae and freddie mac. it was back during the bush administration that the republican part of that $190 billion bailout from taxpayers issued a conservatorship for fannie mae and freddie mac. as of now, they make up about half of the mortgages in the $11 trillion mortgage market. it is a long shot to get them privatized. even behind the scenes, talking to sources this morning, republican saying something they would like to see happen, but with the divided government and heading into an election year, the plausibility of this getting over the finish line remains a challenge to say the least. also presentrdles some opportunities for hedge funds. that would mean they would be able to invest in this type of market. the administration sa

with the u.s. economy. we talk that into account. >> thank you very much. >> fed chairman jay powell after delivering his second interest rate cut from the year, saying its insurance townside risks, facing the economy he mentioned, global growth slowdown, like brexit, inflation not meeting target minor sell-off welcome to closing bell. he did not say and left more optionality on the table the market, as sarah said. equities sell off. they bottomed and roughly the middle of jay powell's press conference there but have recovered if we look at the s&p intra-day. there it is. we did see yields rise following the decision only the short end like the two year and three and five year are higher on the day. the rest of the curb remains lower. slightening flattening but it hasn't, in fact, gone negative. >> one of the biggest surprises is the growing divide inside the federal reserve. as far as the projections, seven to ten seven members of the fed, and not everybody gets a vote here, want another cut ten of them hold steady or we raise interest rates by the end of the year. little confusing

mild recession if it were to show up >> were you unsatisfied with anything you heard from jay powell yesterday >> no. i loved what he said he handled it very well. the market has been very debt induced. we have a real estate president that likes debt. we have production and manufacturing and things slowing down we are at low and global rates there are a lot of structural things changing. we have to realize we may be in a slow growth for a while but we don't need to fuel it with an addition to death. we are doing what we need to do. congress needs to do what they need to do fiscally. now he's saying, look, we need to be data dependent going forward. >> j.j., can i put the inverted yield scares behind me now >> i don't think you can say it won't happen again it was like everyone wanted to say, okay, this happened in three days, we have a recession coming in three weeks. the second part is it is amazing how quickly we see the perspective of rates change. we saw it right before the cut as all of a sudden, today, i'm reading it has people pretty divided. today, i read probably three notes

to category one but it's still dangerous. you can see the waves are churning and stormy. jay gray has the latest. >> reporter: hey, there, i want to give you an update what is going on right now here in wilmington. we're still seeing winds gusting at times, 30, 40 miles an hour tops. the rain has stopped thankfully after a long night, driving rains for hours, very intense wind gusts here. now with daylight people assessing the damage. we have some flooding and seen tree limbs down, signs and some buildings in the roadways here but really a long the carolinas has they start to clean up and the storm starts to move away, officials including the warning don't let your guard down just yet. >> stay home and safe. don't drive through standing and moving water. if the road is covered with water, turn around. don't risk your life or the lives of first responders. >> now, coastal communities to the north are going to continue to feel the effects of this storm well into the weekend. so dorian finally and thankfully on its way out but not leaving without a fight. atches and warnings because that

his criticism of fed chair jay powell. cheryl: iran pointing the finger at the united states after attacks on saudi arabia's oil supply. the new comments we've got for you, just breaking overnight, as secretary pompeo is on his way to saudi arabia right now. lauren: president trump and the rnc breaking fund raising records on the campaign trail as joe biden makes an incredible claim about getting women back to work. cheryl: and not clucking around, how one company is taking the chicken wars to a whole new level. we have details on a new combo that defies logic. it is wednesday, it is septembe" starts right now. ♪ ♪ wednesday morning. ♪ take my blues away. ♪ wednesday morning. ♪ it's going to be a brighter day. ♪ wednesday morning. ♪ it's come so many times before. cheryl: welcome to "fbn: a.m." and good morning. i'm cheryl casone. lauren: good morning. i'm lauren simonetti. cheryl: it is fed decision day. let's take a look at how your money is moving this morning as all eyes turn their attention to jay powell and company. we've got slight losses in the futures market,

control and harmony, once thought to belost forever. the most personal technology jay: come on, let's go. we're gonna need a little extra time at airport security, 'cause i'm pretty sure they're gonna want to pat you down. manny's with his father for the weekend, so jay and i are flying to vegas. i'm a little torn because i want alone time with gloria, but i also like rubbing manny's head for good luck. i just need to send this e-mail to claire why i'm not working on the bake sale next week, but i can't say the real reason. why not? because she drives me crazy when she's in charge of these things. okay. we got a flight to catch, so let me help you out here. you tell me what you want to say to her, and i'll help you find a nice way to say it. i want to say... i can't work on the bake sale because you're a bossy control freak that looks down on my cupcakes, even though your lemon squares were very dry. [ keys clacking ] there. okay? how's this? "dear claire, i can't work the bake sale

could be smaller wildfire goi we're going to have the analyst on tonight on "fast. >>> and jay powell over in switzerland. >> thanks for watching "power lunch. >> nice to be back with you all, everybody. "closing bell" starts right now. >>> welcome to "the closing bell." we have a post fed speech and post jobs number rally on our hands. just 2% or 3% from all-time highs with just 59 minutes left in trade. >>> welcome, i'm sara eisen. let's look at what's driving the action higher right now. the federal reserve, as chair jay powell says trade policy is weighing on investment decisions but doesn't see a recession coming. >>> jobs come in light but wages and participation rise and the unemployment rate stays at 3.7%. >>> and china trade talks do appear on track for october. both sides claiming progress joining us for the entire hour, karen finerman, ceo of metropolitan capital welcome. >> thanks for having me. >> this looks like a strong way to end what has been a strong week for stocks. what stood out to you in the rally? >> to me it's the volatility that stands out to me. volatility bo

favorites today. jay, should i get rid of this? the hat, the jacket, or the cane? actually, yes. just yes. we're having a yard sale for our social studies class to raise money for unicef. the point is for us to learn about global altruism. no, the point is for us to raise more money than miss cooper's class so we get a pizza and a pool party. your cynicism makes me sad for our world. ease up, delgado. i've seen you with a pizza. ugh. i hate garage sales. bunch of shady characters going through my stuff. why can't i just write a check? ay, relax, jay. it's just a couple of people in the driveway. yeah, that's where it starts. then it's, "it's just a local call." "can i use your bathroom?" "my mother needs to lie down." no, it just stinks. he did write a check. shh! the less he knows, the better. you're not even here anymore. but it's my stuff. where's mom? luke, take me to mom. and move slow. i'm still drunk

. you see the winds picking up there, the rain as well. nbc bay area's jay gray is in savannah, georgia, with the latest. >> we are in the middle of the forecast path right now here in savannah. we expect to see conditions really start to deteriorate over the next several hours. high winds, driving rains, and perhaps a bit of a storm surge here. and that's what we're going to see all along the southeastern atlantic coast throughout the day here today. let's start in the bahamas, though, where the devastation is overwhelming. heartbreaking to see what this storm did as it lingered there for almost two full days, really tearing apart communities, others underwater. now that things have accustomed as far as the conditions are concerned, the focus is getting into these battered communities and try to help survivors and continue to search for those missing right now. >> no effort or resources will be held back. >> now this storm is taking aim at the coast, and really, we've seen in florida, some effects from dorian, lashing waves, rain in an area that's already been saturated over t

certainly has moved the needle as a result of the policies, having said that it was a minute after jay powell announced the cut and the president started tweeting, no guts, no sense, no vision, terrible communicator, wrote the president. so if the economy is booming why do we need a bigger cut than a quarter point? >> well, i think we certainly welcome 25-basis point cut and what the president has been calling for is a level playing field with trading partners and competitors, essentially interest rates in europe are zero today and there's been a track record, in our first two years the federal reserve raised interest rates 7 different times and while -- while we welcome the second rate cut this year, i think the president has been very clear and thankfully he is expressing the impager of many americans who want to see monetary policies in this country supporting growth, no risk of inflation today, we understand the role of the federal reserve is to protect against inflation, the fact that inflation is not happening, the president and i think millions of americans want to see the feder

at sunny isle beach. jay gray is on hilton head island in south carolina to show us what is happening. >> it is one of the most powerful hurricanes on record. >> dorian with sustained winds 185 miles per hour, gusts up to 220. >> this is not our first or our second. prayers being shared in florida. hurricane watches and warnings now in effect across the peninsula. >> it's coming straight in here, category 5. you have to act. >> actions that include mandatory evacuations, the governors of south carolina and georgia now asking at least a million people to evacuate the coast line starting today with dorian's forecast track bringing category 3 winds and waves later this week. >> you need to take action now. if you're at risk, given mandatory evacuation orders, you should get out. >> that's what i'm worried about, the wind. >> category three or four might consider going somewhere else. >> along with dorian's strength, the unpredictability makes it so dangerous. >> just not knowing what it is going to do and where it is going to go and when it will come -- regardless of when or where dorian

. so i don't know if he's going to stop tweeting about jay powell, but yeah, i think it's what he wants right now. >> do you agree that jay powell doesn't have a clue? >> no. not at all. jay's a very solid guy. he's doing a good job of tuning out the noise and focusing on monetary policy. they made a mistake last december and the president was vocal about that. the fed should watch the data, learn what's going on, and adjust when necessary. so i support jay 100%. >> the fact that president trump keeps criticizing him, do you think that that's putting some pressure on him? >> no, not at all. i think if you go back and look, there was a time when lbj actually took the fed share and shoved him up against the wall. and it's part of the job description to tune that out and focus on getting policy right. and i think that, you know, for sure they made a mistake last december. they're not going to get everything right. but i think jay is doing the right thing. he's focusing on his job. >> i'm glad we haven't gotten to the job of physical assault. >> it did happen in the past though. >> th

anymore? we will find out more from jay powell in his news conference, when he says whether this is a midcourse correction or the start of an easing cycle. and then of course, we've got to deal with the repo market issue. what's happened in this pawnshop for the financial markets, there's not enough cash in the system. that is forcing all rates up, including the fed funds effective rate. it is trading now at almost the fed ceiling. if it goes through that, you've got a rate increase rather than a cut. the fed doesn't what that happen. you can see that on the right. look for the fed may be to address that through either a standing repo facility that would put more cash into the markets regularly, or an announcement that one is coming, or some kind of additional liquidity for the markets. they might even start buying more bonds to raise the size of the balance sheet. look for that as a possible twist as well. alix: going to be a busy day. never have i learned that much about the repo market. stay with bloomberg. we will bring you live coverage of the fed's latest policy decision, foll

later today. if it does make landfall here, would likely be midweek. jay gray, nbc news, hilton head, south carolina. >> jay, thank you. our coverage of hurricane dorian continues all morning. at 6:45, we have a live report from the southeast. >>> happening today, presidential nominee bernie sanders and actor danny glover are expected to join thousands of kaiser permanente workers for a labor day rally in oakland. here is video of a similar protest last year, but this year that turnout is expe to be a lot bigger that's because kaiser workers are in the midst of a bitter contract dispute, and have voted to strike next month, if a deal could not be reached. if a strike actually happens, it could potentially be the nation's largest in years. kaiser says that it is committed to reaching a deal before the deadline. >>> antioch police are not messing around with sideshows. they posted these images of a sideshow bust saturday night in a mall parking lot. 71 arrests were made, 26 cars were towed, and police say up to 100 cars participated. >>> new for you this morning, a poignant piece of am

have an incredible economy. charles: president trump stepping up his attacks on jay powell this week after a sharply-divided federal reserve lored its benchmark interest rate by just a quarter point and declined to signal whether further cuts are likely. the president saying, quote: jay powell and the federal reserve fail again. no guts, no sense, no vision. a terrible communicator. don luskin is chief investment officer at trend macro, and he joins us now. so, don, wall street was expecting 25 basis points, they got it. jay powell's communication seems to have gotten p better, but it still feels like no one knows where they go next. we're not sure what the powell doctrine is, we don't know what this fed is all about. >> the problem is we've had a series of very strong fed leaders going back two general its rations, paul volcker, alan greenspan, ben bernanke, janet yellen. they've been good communicators is and leaders because they're economists who come in with a strong policy vision, and they're like ceos. they bring their staff along, and they bring their board along. now comes je

. nbc's jay gray has the latest. >> reporter: after stalking the atlantic coast for days, dorian finally makes landfall in north carolina. the category 1 hurricane swallowing the barrier islands, national guard members flying in supplies. several feet of storm surge pushing the ocean into homes across the outer banks. >> officials are telling people to get to the highest point in their houses. >> we have nothing left. all of our homes are destroyed. we have nowhere to go. >> reporter: battered residents looking for any way to get out. >> it's horrible. it's -- you can't live here. >> reporter: cruise ships loaded with relief supplies are making the short trip from the florida coast. >> i hope it gives hope to the bahamians when they see us, that help is on the way. >> reporter: hope and help that is desperately needed right now. jay gray, nbc news. >> thank you, jay. >>> check this out. a good samaritan is being called a hero for saving a scared cat during hurricane dorian. victoria williams was in north carolina when she saw the cat in distress. the cat was clinging to a fence a

florida with people further up the coast watching to see where dorian may go next. jay gray is live for us in the middle of the forecast path in savannah, georgia. things look calm where you are now. >> reporter: yes, marcus, really a beautiful start to the day here in savannah, nice sunshine, a light breeze. that will likely change dramatically over the next 24 to 48 hours, as this storm now creeps toward the u.s. coast. dorian relentless, ravaging the bamas for more than 24 hours. >> we are in the midst of a historic tragedy. in parts of northern bahamas. >> reporter: violent winds ripping apart communities, soaking rain, and a storm surge in some areas two stories high, swallowing homes. >> we are literally in the ocean. >> reporter: an ocean that's beginning to surge along the florida coast now, the peninsula starting to feel the effects of the massive hurricane, continuing what will be a long, tense week along the eastern seaboard. the latest forecast track shows dorian shadowing the coast, no clear landfall, but still close enough to cause serious problems. you can look to what happe

together and i would ask you know we heard the news and you know it was not coming to the u.n. jay that's because on that day the president of the state of israel which is really a symbolic figure but he has one job and that is he gets the results and he calls on the 1st person to try to put together the government the coalition government and that is the same day so that's a you know wants to be there you don't want to be absent when the president gets the list and picks up the phone and hoping he's going to call him so that's why he's not coming but my guess is they're all going to hold hands in the end and say you know for the good of the country we all have to sit together because they didn't get into this to be the opposition they want to see to the table and they want to have you know they want their influence on policy. it's sort of it's interesting because you look at this same thing where you know in the united states where congress is everything it sat out is that you can have a president who doesn't have the power of congress which you know he doesn't have the ability to make s

. we'll talk with counsel to the president jay seculow. >>> cheerleader murder case. what the parents of a high schooler acquitted in a surprise verdict's parents tell erin moriarty. >>> vital safety net lost. a freezer destroys stem cells from dozens of children getting chemotherapy. why the recovery could be at risk. >>> and 50 years of "abbey road." a remix of the iconic album reveals the drama and joy behind john, paul, george, and ringo's last recording sessions together. >> wow. >>> it's friday, september 27th, 2019. here's today's "eye opener," your world in 90 seconds. >> you know what we used to do in the old days when we were smart, right, with spies, right? we used to handle it differently than we do now. >> the president suggests the whistleblower is a traitor. >> you don't have any reason to accuse them of disloyalty -- >> i think the whistleblower did the right thing. >> the whistleblower alleges the white house tried to cover up the call with the president of ukraine. >>> the defense begins its case this morning in the trial of a former dallas cop charged with murdering he

would be $7.2 million a year for a term of 20 years. secondly, moving on to the ho jay tenant improvement c.o.p., the office of public finance expects not to exceed amount of $2 million in c.o.p. based on the estimated cost for the 62 million c.o.p., the office of public finance estimates the maximum annual debt service will be approximately $4.7 million per year for a term of 20 years. a little bit of background on the c.o.p., as a general fund supported form of debt, the c.o.p. will be repaid by annual base rental payments appropriated in the city's general fund. it will structure the c.o.p. as a lease buying between the city and a third party trustee. it is anticipated the city owned laguna honda campus located at 375 laguna honda boulevard will service -- serve as collateral to secure the c.o.p. for more background, the campus sick -- currently secures the existing c.o.p. data that was issued in 2009 and 2012. with the approval of these ordinances, the board will also approve related financing documents in their final and substantial form, including the supplements to the

chairman, jay clayton and joe kernen will sit down for a liriala.m. with vice president devengphco the halftime report is back in two minutes. oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. >>> roku shares are sliding. comcast unveiling a similar service, however the stock still up over 200% and googheim saying it's going higher. they keep the buy rating we've made it our call of the day. man, this thing has been a bonanza. up 355% year to date >> this volatility today is is not the first day. look, it's clearly been momentum stock. it's overcome fund mamentals and valuation. momentum in the fundamentals has been very strong, but b i don't believe this is the kind of market to go into for overvalued equities that are momentum trades so let it come back down to earth. i don't think it is yet then get involved >> talking about coming

how we -- >> nay-veta. >> is it the new guy again jay powell and the federal reserve that doesn't allow us to do what we're doing. a once in a lifetime opportunity that we are missing because of boneheads. we'll get to richard in a second because you've probably called them boneheads but probably for not raising quick enough years ago. >> being called a bonehead by the president of the united states is quite an honor. >> not back then this is the current -- >> exactly. >> but he probably would have. you still think that we don't necessarily need a cut >> yeah. >> we'll get to you in a second. the president tweeted something earlier. china suspects tariffs on some u.s. products. it's being hit very hard supply chains breaking up many companies. the country is much more expensive, china, than they thought. the reason i've given up on twitter is because my name is there. no comments to me. millions and millions have followed you laugh at that and i don't think you're laughing necessarily because it's so ridiculous. >> raised the tariff >> yes how much sovereign debt is below zero rig

." the performance of the day in the sports world was in canada....where the toronto blue jays were hosting the houston astros.....>future hall of famer, justin verlander was on the bump for the 'stros...>and he reminded us again, why he is one of the best pitchers to ever play the game.....> verlander threw his 3rd career no-hitt..

bull's sake that they will be weaker, weaker than expected because on wednesday, fed chief jay powell gives his latest pronouncement and he needs as many weak numbers as he can muster if he's going to justify a rate cut i don't envy powell here on the one hand, he has the president calling him a bone head for raising interest rates too quickly last year which slowed the economy to stable off the phantom of nonexisting inflation. you know i thought powell did a bad job on this. i wouldn't call him a bone job well, i did and now it's the president, and he has a bigger office than me if powell eases he'll temporarily satisfy the president and look like he's selling out the fed, which is supposed to be independent unless he has less than robust numbers to back up the move. if powell doesn't bust, something that's still very very possible, then the slow down thesis becomes a lot more credible and palpable. i know earnings reports will be a side show because it's all about the fed. general mills has been one of the hottest food stocks this year, and it's an astounding 38% and that's

watching with jay powell said to andront donald trump ineffective monetary policies. of a $576 billion bond market is at risk. we will take what credit cards have to do with it. >> let's look at the major averages. ahead of the anticipated cut from the fed, the s&p 500 is in the tightest range and about six months. we have utilities moving higher. everything else is weak. energy is leading us lower. we are seeing financials right behind it. techs are providing much support and that is as we are seeing bonds rally globally. for the u.s. 10 year which we have been following, there is huge volatility and the jump in the yield last week, we're getting back half of the increase. that a look at this, we have been talking about technical difficulties in the retail market. the fed has intervened. we expect to hear more about this from the fed today. the effective rate is above the upper range and this paints the picture of why the fed needed to act. it raises the question of whether they did so quickly enough. >> perhaps they are behind the curve but the fed has a lot on its plate not just the

scoring six runs on the fourth inning. raise a 7-4. finish up with the yankees and blue jays. >>> pick up a half a game on the a's. but if the season ended tonight the a's will host the raise in a wildcard game. 49er quarterback with this bone is expected to miss at least a month with a sprained foot. too bad he is off to a strong start. the 49ers once viewed the game thanks to dante pettus. ought to be in kyle shanahan. give that dog a bone. >>> if you don't want to be in that moment. you shouldn't be playing sports. that is what you live for. >>> khalil mack lives to just want john gruden. former raider another huge game monday night football. sacking washington quarterback twice. forced two fumbles. the jury is still out on bears quarterback mitch trubisky. gabriel three times for a touchdown. this one originally called out. then reverse. beers 2-1. they will play the raiders in london in a couple weeks. >>> yesterday eagles receiver nelson aguilar scored a couple touchdowns in a loss of a lions. he had a drop in a crucial fumble in the second quarter on top of a touchdown drop last we

earlier in the day. raise taking on the jays in toronto. the jays helping out the a's by scoring three runs in the first. how about hernandez lead-off homer to center? 25th of the season for him. two batters later randle grichuk at the plate the other way. jays win 4-1. they snap tampa bay's four-game win streak. good day to be a teenage mutant ninja turtle out on the cove. bruce bochy hanging out with madison bumgarner. last couple of games mad bum hanging out with boch and watching the game. max muncy no doubt solo homer to right. dodgers take a 2-0 lead. giants were 0 for 6 with runners in scoring position. they left eight runners on. kenley jansen striking out. alex dickerson swinging. dodgers win it 2-0. >>> the boxer from gilroy came out of retirement. now at the age of 36 trying to climb up those rankings once again. facing jerry thomas at the staples center in l.a. tonight. 147. a battlef welterweights. thomas, his opponent kind of awkward but guerrero was able to the face.the left hand, right in the ghost wins by unanimous decision improving to 36-6-1 with 26 k.o.s. he's

name it chinatown station. thank you. >> thank you. next speaker, please. >> my name is jay and i own a business at 1010 stockton street. i support chinatown station only. if using a person's name, travelers won't know what it is. it will be a loss to our business. thank you. >> thank you. next speaker, please. >> hi. i have a video. >> my name's amy chan. i am for naming chinatown station only. >> i was not aware someone putting up a sign supporting rose pak outside of my store. i support chinatown only. i do not support rose pak station. thank you. >> thank you. next speaker >> good afternoon, board of supervisors. thank you so much. i stand here to represent my daughter -- >> and what is your name? >> cassie bahr. we just came here from china because my husband was persecuted in china for eight years. my daughter asked me, why is rose pak name on the station? i love chinatown, i love china, but they use rose pak name on the station. this is america. our teacher told us america is free country. what is difference? is it right? so please, please help us help the children. thank you.

jay-z -- you wonder why they call it the projects? because it is a project. but we are changing with hope s.f. these are communities that demand the respect, that demand for us to pay attention to them and make sure that that isolation that has existed changes. so this is not just about the housing that is going up; it is also about the grocery stores that we fight for to come to this community. it's also about making sure that the streets and the roads look like other areas here in san francisco. it is about the joint partnership with bains and nibby, and bains being the biggest black contractor that we have working on projects here in san francisco. it's about all of those pieces working together to create a vibrant community for the people who have been made so many promises for years. as someone who has lived in public housing, and who had opportunities and mentorship and people helping me be able to grow, so we can come back and work together to realize the things we've talked about for decades. and that is the vibrancy of hope s.f. communities. so i just want to say i'm excited

what's next and how does the language come out, jay powell has done a good job but not great job of communicating what's next and every meeting has gotten better, i think the market is looking towards please don't say mid-cycle, please don't say this is the end of this, let's just get this behind us and say we are data dependent. dagen: something happened that was disturbing and jarring in short-term lending markets, the repo rate, the repurchase market, this is the financial lubrication for banks and short-term borrowing, overnight borrowing, the borrowing cost would have been 2% to 10%, boom, the fed had to intervene for the first time in over a decade, first time since financial crisis, the fed injected $53 billion into banking system on tuesday, it's expected to inject another $75 billion into the short-term lending market but, again, it really was a bit frightening for market participants because this is the first time you've seen a hiccup of this size since the financial crisis, i'm not saying that we are in crisis mode but today particularly expect the fed to say something in

tradesi ts. but he believes in the independence of the frad reserve and calle chairman j. jay powell a quality human being. >>> speaking before t t fed decision, respected long time bond investor jeffrey gunned latch said even though partsth economy appear stropping, the odds of a recession are rising. >> the economic data has gotten a bit better, s yet ill think when we put it all together, looking at allor indicors recession it seems that there is an increasing probability of recession before the 2020 election. obviously the yield curve being flat and even invertedrom fed funds at least at the moment out through the curve, that's clearly something that is a rest sor of potenti retleegs he also said he is closely watching consumer ntiment and activity in the manufacturing sector. >>> but there was some positive news today out of housing industry of all places. homabling surged to a 12-year high last month thank to increase in both single and multifamily home c according to the commerce department housing starts which measures new home construction rose by 12.3% to a seasonally adjus

is mixes throughout the year. a lot of policies issues i disagree with jay powell. we don't live in a vacuum. central banks, negative rates, got germany. the entire yield curve is underwater. not surprising money pours into the united states driving yields down. the president boxed himself into a corner. almost made it impossible for the fed to do anything but an incremental cut. charles: you're the fed expert. you run a whole department at wells fargo trying to figure out what the heck will happen with these rates. what is going to happen? >> we're calling for 25 basis point rate cut. we think that is all but a done deal at this point. we think how chairman powell will position the message going forward, we don't see too much change from here. back in july he got caught up -- charles: what you say you don't see too much change, i don't know what the powell doctrine is, zach, to be quite frank with you. i'm not worried about the cut. i'm more concerned about the q&a, he starts to feel like taking on personal animosity with president trump, the first question last time i thought sank t

resigned a disservice to >>the signing of governor jay inslee's emergency executive order banning all vaping flavors from nicotine to thc products got heated. expect to be quiet for a few minutes we speak. this is a very contentious issue. >>inslee and health officials said with a sharp rise of youth vaping plus the surge of mysterious lung illness cases nationwide. they needed to take immediate action we do not have evidence at the montason for the disease. ildre first place. >>it's an executive order that has businesses outrage. >>u can >>owners and many of their customers say vaping is what helped them quit smoking this exchange between a bait shop business owner and state reps jerry palais du guess in our industry what you want. >>the way you were doing the when you lose new show, know you are lying that they shop owners say flavors are what adults want to. >>we do not sell to anybody that is not 18. i don't do this to make money i don't do this because i am hooking children. i do this because i help people. >>the ban on flavors needs to first be approved by the state board of

, increasing the money supply helps keep the economy hot. not enough for president trump who tweeted jay powell and the federal reserve fail again. no guts, no sense, no vision. a terrible communicator. donald trump wants zero percent interest which is not going to happen. the government can already borrow at historically very low rates and fiscal conservatives would argue it's already too easy for the government to borrow. we're at record deficits. the fed's jay powell for his part did communicate saying one of the reasons the fed is cutting is the trade war can hurt our economy. >> the fed has no role in the formulation of trade policy but we take into account anything that could materially affect the economy relative to our inflation goals. >> facebook's mark zuckerberg will be in washington today trying to strengthen some relationships there as federal agencies in congress pursue antitrust investigations. not just against facebook but all of the silicon valley companies. here he is testifying in april of last year. now today's meetings will not be testimony just face-to-face in offic

the fourth floor on light and privacy to add jay sent buildings and out of context to the the neighborhood and concerns of the conversion of three unit structure and effects of neighboring foundation. i believe there was one additional. staff recommends approval of the conditional use authorization request as noted in executive summary. it does involve demolition of the structure, proposed will provide two family sized units. it is not historic resource. this is a point of clarification. the unit is not occupied it is vacant. no known evidence of eviction: it is consistent with rh two zones. that is concluding my presentation. the sponsor is here with a quick presentation. >> good evening, president melgar and members of the commission. i am going to edit this on the fly so bear with me. the reason we are asking for demolition is because the existing driveway goes up 4 feet 9 inches from the street. any attempt to modify the building to add fourth floor. the existing building is seen from the street yesterday. here is a closeup of the driveway. so again the building on the lef

worried about that than continued job growth i think jay powell has a lot to answer for. >> yeah. >> he took rates up way too high and it was a mistake >> which you said many times. >> yeah. >> the last one -- >> to be fair, you were saying while it was happening you were saying it, can you imagine almost ayer year ago si we had this conversation where does the time go >> i know jay. he's a good guy. >> jerome. president doesn't seem to actually say he really knows him. refers to him, where did i get this guy jerome? you liked him because you liked his gray hair apparently speaking of johnson, when he took over -- >> lbj >> yeah. >> first budget in '64, do you know how big the united states budget was in 1964, what the battle was to keep it below $100 billion, $99 billion, can you imagine? can you imagine? >> johnson is worth studying right now worth studying we are at the same -- everyone keeps comparing when we were at these levels, when we were at these levels that was a bad time in the country at these levels. this is, i think, a better time, because we're actually playing with one

hosting the jays tonight. >>> logan webb allowed seven runs in his first three starts. he master total in st. louis. the second homer of the series. the cardinals beat the giants 10-0 to take three out of four. san francisco has dropped eight of their last 10. playing a lot of the young players. looking towards the future. the a's are looking towards the playoffs. >>> we don't know where the raiders are looking with antonio brown. >>> i don't think they're worried. >>> we will be right back. oh! oh! oh! ♪ ozempic®! ♪ (announcer) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reached an a1c of less than 7 and maintained it. oh! under 7? (announcer) and you may lose weight. in the same one-year study, adults lost on average up to 12 pounds. oh! up to 12 pounds? (announcer) a two-year study showed that ozempic® does not increase the risk of major cardiovascular events like heart attack, stroke, or death. oh! no increased risk? (announcer) ozempic® should not be the f

neighborhood. he may have been jay walking. >> he got hit. >> reporter: the investigation shut down part of the street on saturday night. >> i just got off the phone with berkeley police they are investigating exactly what happened. they have yet to release any details about a suspect. >> thank you. we have details about a baby's death. we know more about the man found with the child. he is 29 year-old patrick o neil. unconscious yesterday inside a home lying next to a 13 month old boy. he was taken to the hospital and has been arrested. there were no signs of violence exact cause of death is unknown. >> highway stand off that shut down all lanes of 101 after 7:00 a.m. intense steam for sometime. in the end investigators say 56 year-old was arrested. ad will be charged with driving under the influence of drugs and resisting arrest. he drove around a road closure and took officers on a chase when they caught up to the car he refused to get out. swat officers used non-lethal methods to remove him. >> police need your help catching a burglar who broke into a tactical supply shop saturd

surveillance cameras capture the whole thing. employees who saw the footage said a man had jay walked and was standing on the median. just then, the officer lost control of the car, went up onto the median, hit the man, struck the cars on the other side of the road and came to a rest on the sidewalk. a witness who was driving right behind patrol car and saw the whole thing tells us the female officer was visibly shaken, but appeared to be physically on injured. the officer climbed out of the passenger window and retrieved the knight who was also uninjured. airmen extracted the drivers and the other cars and they were released on scene. as for the pedestrian? redwood city police say the injuries are serious. >> it is very sad, it is too bad. i hope the man that was hit will be okay. >> reporter: it is unclear what caused the officer to lose control of the squad car. the roll was the road was wet at the time of the crash but these photos show the roads were relatively dry and that the witness said it was not raining, but instead was heavily misting. the redwood city police department we