tv KTVU Mornings on 2 at 9am FOX November 9, 2016 9:00am-10:01am PST
through when the 9 starts up in a second or two. stay tuned for that. >> history has been made. donald trump is elected the next president of the united states. reaction from trump and hillary clinton. a closer look at the results with ktvu political analyst joe tuman. protests erupt over the news of our new commander in chief. christien kafton is in oakland where people took to the streets, setting fires and smashing windows. californians legalize marijuana. what does this mean for you? we are live with the cannabis editor. >> a lot of reaction following the vote last night. the results are in. we just showed you a split screen on the one side. you have supporters of donald trump cheering the fact that he has been elected the 45th president of the united states.
on the other side, you saw mayhem essentially in the streets of oakland and other bay area cities. people upset with the result of the presidential election. welcome to the 9. we have talking about the election results. if we could bring in video we could share with you a moment ago this is how the breakdown went. we were talking about that path to 270. and this map shows it is clear that donald trump with 274 electoral votes. 228 for clinton. he passed that 270 mark at about 11:30 our time last night. it was a victory in the state of wisconsin that marked the first time that a person with no government experience will now be taking the oval office. >> now it's time for america to bind the wounds of division. we have to got together. >> last night, hillary clinton called donald trump to congratulate him and just minutes ago as you saw live on our air, she addressed the
country saying although losing the election is painful, she accepts the results. >> donald trump is going to be our president. we owe him an open mind and the chance to lead. our constitutional democracy enshrines the peaceful transfer of power. and we don't just respect that, we cherish it. >> shock, anger, sadness, excitement and hope are just some of the words we're hearing from people on social media and here in the bay area. >> my perjury action is shock. sadness. and i believe that this is going to be a sad day in american and world history. history -- history will judge donald trump supporters and america for its nearsightedness and stupidity in electing a clown like donald trump. >> i'm ecstatic. i've been with him since day one. the majority really pulled through. trying to make america great
again. >> as our next president, donald trump will have a republican controlled congress to push his vision for america. republicans have 51 seats to the democrats 47. two seats are undecided. in louisiana there is a run-off scheduled for december 10th. now in the house, republicans have a 238-192 seat advantage. there are five seats up in the air. the republicans could now repeal the affordable care act and also pass donald trump's immigration plan. this morning we brought you live a few moments ago hillary clinton speaking for the first time since the election results are in. not the speech she wanted to give. talking about unity as we also heard from donald trump last night. >> i have seen a few of these over my life since i'm the oldest one of the three. and i remember every morning there is someone who is disappointed, someone who has
run a long campaign. they're disappointed. and the other person is jubilant and the country has to come together. >> i think hillary clinton made a point in her address just moments ago talking about this peaceful transfer of power in our country. as for the election last night, just sitting at home watching it, you saw big stories develop over the night. just watching florida, at 4:30, i wrote down the note trump slight lead. 20 minutes later, clinton takes the lead. at that point you knew this was going to be a battle throughout the evening. that's the first time that i sensed that. the house, the senate, the white house, all republican for the first time in a while. that's the story. our country has checks and balances. but i'm curious about the president-elect and how he addresses the foreign policy and decision making there. also when you look at the map last night and you really get into the counties, to me it was rural and urban. distinctly. in 2012 -- we can bring in joe
because i want to get your opinion on this. president obama won some counties outside of -- you know, some liberal cities in the midwest that hillary clinton didn't win last night. that was eye opening to me. just the split rural, urban. do you agree with that or no? >> about trump's performance in >>ose. yeah. just looking at the map. this is a election of people in rural areas and urban areas. >> it depends on the state. absolutely this was the case. and trump's appeal -- the republican appeal was in most states in rural areas. in the battleground states, the ones that we thought would make the decision, there was a concerted effort on the part of the democrats to get out the vote with latino and hispanic voters to offset a smaller turnout for african-american voters than we saw in 2012. that wasn't as robust a turnout
that we thought. it wasn't just rural against cities or urban it was the get out the vote efforts and some cities may not have done the trick to offset less than 2012 like results with african- american voters for example. and a lot of significance here. you were mentioning states by the way that were significant to you. i thought watching last night -- we were here until midnight. cold pizza. >> election night. >> fox news has more money than that. >> which states hit home for you. >> i'm kidding. but seriously. seriously, virginia. when we were watching virginia, this is a state that tim kaine was supposed to deliver. it seemed like a safe state. then it began to go trump's way. she ended up winning that at the end but that was neck and neck. that was not supposed to be a toss-up state. when you saw that on the heels of florida it was setting the tone for what else was going to happen. >> was there a particular time
last night that you looked at this and said donald trump is going to win? was there a time before they announce touchdown. >> it was at about 11:00. 11:30 is when it was called. what was happening in that situation is -- i think of the pannellists, several were trying to explain how this could be won by mrs. clinton. i was looking at that and it was more than 95% reporting. i don't remember in it was michigan or pennsylvania. i said she is not going to find that many votes in the last two districts and this is a consistent pattern in all of the states. i think we have to acknowledge what is going on. he won by the way pennsylvania. that is the one that put him over the top on our count. it all depends which states you're counting. from our count he needed 6. and pennsylvania gave him 20. either 16 or 20. and it put him over the top. we weren't saying it. when i was asked the last time i said i'm going to say it. i think you're looking at the new president. it did come a little early.
but it was hard for us too to acknowledge because i think there was this mind-set what with everybody that this was mrs. clinton race to lose and there was so much for trump to have to do to get over the different pathways she had. and the truth in the end is he did that. he flipped some states that were blue states. he won the major battleground states and won the close races. and we underestimated by the polling evidence his strength in those close states. >> is he an independent working with a republican congress even though he ran under the republican ticket. >> he ran as a republican but stepped on a lot of feet to get there. if you're ted cruz, do you want to carry his water in the southbound at. if you're marco rubio who is counting his blessings so he got out of the race -- >> paul ryan said this morning that he will lead a you know be identified republican government. >> yeah. >> we will see. >> we will see. he stepped on a lot of feet to get there. and, you know what, one last thing quickly.
we talked about all of the things that he could do. repealing obamacare is not something that you flip a switch and do, immigration,s you don't flip and switch and do this. he has to reassure all of our allies in nato and countries that we have defense pacts with. you say things in a campaign. now he is on the clock even though he is not sworn in yet. there are a lot of people that he has to reassure that -- like i was saying about mrs. clinton's speech. calm down. everything is going to be okay. he needs to calm down a lot of people. >> hillary clinton said i believe in america and i always will. >> thank you, joe. >> thank you for joining us joe. a group affiliated with occupy oakland went on a vandalism spree. the same group is planning another demonstration at 5:00 tonight at the plaza near city hall. now, police hope to prevent a
repeat of the violent scene overnight. vandals set fires and scattered them along broadway. they scrawled explicatives against trump on store front ofs and shattered windows of several businesses, including a wells fargo. >> we do anticipate a protest that mayo cure this afternoon or in the early evening. and we are fully staffed for that. all of our officers are trained in crowd control. this is something that we take seriously. >> another group of protesters trying to block highway 24. during this demonstration, a female protester was hit and suffered serious injuries. it happened on the eastbound lanes of 24 at the claremont avenue on-ramp. the driver is cooperating with authorities. we are getting a lot of reaction from you about the election last night. our question has been a simple one. so many people chiming in. we asked you throughout the morning, how are you feeling after watching the results come in last night.
one twitter user tells us my emotions at this point are in shock, mixed up. i hope that everything will work out well and hope for the best. >> indifferent really. this is our democracy and it goes however we want as we all exercise or civic duty. >> and cindy says, feels worse than blowing 3-1. won't be able to respect this president when he has no respect for so many. share your thoughts with us. california voters decide on two measures dealing with the death penalty. more on the results and what they mean for california's legal system. recreational marijuana becomes legal in california. we will talk live with the cannabis editor for the san francisco chronicle about prop 64's immediate impact.
>> welcome back to the 9 as we continue to digest the election results. we should pass on that we expect to hear from president obama live in the next minute or two. when he starts talking, we will bring that to you. the front page of the san francisco chronicle. president trump. >> i didn't see that one. it said -- it hadn't been decided. i got the earlier edition. >> okay. >> it said something like hold on. >> in contrast, east bay times, trump stunner up at the top. and two different election night parties. supporters of donald trump and i'll pull the picture up. you see sad upset hillary clinton supporters. these two ladies in tears holding each other. it is always interesting to me to see how the newspapers reflect with a picture, with a caption what so many people are talking and feeling this morning. >> this is the reaction today. we have seen it on social media as well. that's what you do, react after a big election like that.
but sal, come tomorrow when donald trump arrives at the white house and is expected to meet with the president, that is the start of the transition. >> now it's real. it's not just feelings. >> i was surprised how quickly president obama announced that he was going to meet with donald trump but he did. >> right. tomorrow. we're expecting to hear from president obama in the coming minutes. when he speaks, we will bring it to you live. locally, california decided on the death penalty. prop 62 called for the end of the death penalty. it looks like the death penalty will stay. the see the no vote has 54%. >> voters have backed proposition 66 which maintains the death penalty and speeds up the appeals process. it is a close decision. supporters of prop 66 say this will save the state millions of dollars a year in court costs. joining us this morning is michael cardoza. it looks like we're going to speed up the process. it takes 25 years on average
for the appeals in california. how quickly are we going to speed it up. >> according to 66, it will only take us five years. if you believe that. >> uh-huh. >> why wouldn't you believe that. >> because there's so much that has to be mended. >> okay. >> when they say -- they give it to a group of attorneys who are death penalty qualified attorneys, they are saying we will give it to another group of attorneys. those attorneys may not and probably not death penalty qualified. how are you going to give it to attorney who's are not qualified. >> you have to go take extra classes. >> yeah. you have. you have to have certain experience. you have to have certain experience. you have to have done so many appeals. there are all sorts of qualifications. they can't give it just to anybody. a friend of mine does death penalty appeals. it takes him two years to go through all of the transcripts, read everything about the trial, read everything about the motions that were done. then focus in on issues to
appeal. then write the appeals. two years. sends it to the supreme court. they then take two to three years to respond. there is five years right there. then they have to argue it orally. it's going to take a long time to mend. and i don't think they will be able to do it in that time frame. it's not possible. >> on a micro level, it was less than ten yearsing that the execution here at san quentin prison. there were so many questions. does the american public understand -- california voters want to keep the death penalty. is there any way to stream line it without going through all of these hoops that you have described that voters have approved. >> there is a way to stream line it. five years, it's impossible. number one, people are entitled to due process. and due process at times means take your time to get it right. >> right. >> what has texas done? two people i hear in texas speedily executed.
whoops. we made a mistake. we're sorry. you can't do that. >> but the frustration over the money the state is spending to how's and feed and clothe and take care of these inmates, it is frustrating. >> that is an interesting point. they're saying take those people on death row and put them in the regular population. don't put them in individual cells. shove them back into the general population. but then do you put the general population at risk because these are stone cold killers. >> the death row grows. >> right. these are not nice people who get the death penalty. >> what do you think the public was voting for? do you think they understood what 66 and 62 really meant? so many people go to the polls at the last minute. they read it as they're voting. >> they read the top line. death penalty. >> not everyone. >> true. there are some people. but you're right, there are some who do it this way.
gut vote. look at the presidential race. howie motion al was that and how did people vote -- how emotional was that and how did people vote there. they said we've had enough of this. enough. stream line it. get it done. but also when they get it done -- i will give you an example. >> we have to go. when will the next person be executed in california. >> who knows. if they do this in five years. think of scott peterson. scott may go in five years if they can get this done. >> thank you, michael. >> thank you. >> proposition 64. the measure to legalize recreational marijuana in california is winning by a wide margin. 99% of precincts have been voted. it would allow adults over the age of 21 to grow up to six plants and possess up to an ounce of marijuana.
>> david downs is joining us. what does this change today here in california? >> thanks, gasia. it changes a lot. starting at 12:01 midnight last night adults 21 and older have a right to possess and consume marijuana. adults can now possess and grow six plants in their house or outdoors if their city or county will let them. >> we have to put you on hold because president obama is making out, making his first public comments. if i can, i will hold you there david. we will come back and talk about proposition 64. >> the sun would come up in the morning. and that is one bit of prognosticating that actually came true. the sun is up. i know everybody had a long night. i did as well. i had a chance to talk to president-elect trump last night about 3:30 in the morning i think it was to congratulate
him on winning the election. and i had a chance to invite him to come to the white house tomorrow to talk about making sure that there is a successful transition between our presidencies. now it is no secret that the president-elect and i have significant differences. but remember, eight years ago, president bush and i had some pretty significant differences. but president bush's team could not have been more professional or gracious in making sure that we had a smooth transition so that we could hit the ground running. and one thing that you realize quickly in this job is that the presidency and the vice presidency is bigger than any of us. so i have instructed my team to follow the example that president bush's team set eight years ago and work as hard as we can to make sure that this is a successful transition for the president-elect. because we are now all rooting
for his success and uniting and leading the country. the peaceful transition of power is one of the hallmarks of our democracy. and over the next few months, we are going to show that to the world. i also had a chance last night to speak with secretary clinton. and i just had a chance to hear her remarks. i could not be prouder of her. she has lived an extraordinary life of public service. she was a great first lady. she was an outstanding senator for the state of new york. and she could not have been a better secretary of state. i am proud of her. a lot of americans look up to her. her candidacy and nomination was historic and sends a message to our daughters all across the country that they can achieve at the highest levels of politics. and i am absolutely confident that she and president clinton
will continue to do great work for people here in the united states and all around the world. now, everybody is sad when their side loses an election. but the day after, we have to remember that we're actually all on one team. this is an intermural scrimmage. scrimmage. we're not democrats first. we're not republicans first. we are americans first. we're patriots first. we all want what is best for this country. that's what i heard in mr. trump's remarks last night. that's what i heard when i spoke to him directly. and i was heartened by that. that's what the country needs. a sense of unity, a sense of inclusion, a respect for our
institutions, our way of life, rule of law, and a respect for each other. i hope that he maintains that spirit throughout this transition. and i certainly hope that's how his presidency has a chance to begin. i also told my team today to keep their heads up because the remarkable work that they have done day in, day out, often without a lot of fan fare, often with a lot of attention, work in agencies, work in obscure areas of policy that make government run better and make it more responsive and make it more efficient, and make it more service friendly so that it is actually helping more people, that remarkable
work has left the next president with a stronger, better country than the one that existed eight years ago. so win or lose in this election, that was always our mission. that was our mission from day one. e. and everyone on my team should be extraordinarily proud of everything that they have done. and so should all of the americans that i've had a chance to meet all across this country who do the hard work of building on that progress every single day. teachers in schools, doctors in the er clinics, small businesses putting their all into starting something up, making sure that they're treating their employees well. all of the important work that is done by moms and dads and families and congregations in every state. the work of perfecting this
union. so this was a long and hard fought campaign. a lot of our fellow americans are exhalted. a lot of americans are less so. that's the nature of campaigns. that is the nature of democracy. it is hard. and sometimes contentious and noisy. it's not always inspiring. but to the young people who got into politics for the first time and may be disappointed by the results, i just want you to know, you have to stay encouraged. don't get cynical. don't ever think you can't make a difference. secretary clinton said it this morning, fighting for what is right is worth it. sometimes you lose an argument. sometimes you lose an election.
you know, the path that this country has taken has never been a straight one. we zig and zag and sometimes, you know, we move in ways that some people think is forward and others think is moving back. and that's okay. i have lost elections before. joe hasn't. but, you know -- [laughter] >> so -- >> you beat me badly. >> that's the way that politics works sometimes. we try really hard to persuade people that we're right. and then people vote. and then if we lose, we learn from our mistakes and we do
reflection, we lick our wounds, we brush ourselves off and we get back in the arena and we go at it. we try even harder the next time. the point is that we all go forward with the presumption of good faith in our fellow citizens. because that presumption of good faith is essentially to a vibrant and functioning democracy. that's how this country has moved forward for 240 years. it's how we have pushed boundaries and promoted freedom around the world. it's how we have expanded the rights of our founding to reach all of our citizens. it's how we have come this far. and that's why i'm confident that this incredible journey we're on as americans will go on. and i'm looking forward to doing everything that i can to make sure that the next president is successful in that. i have said before, i think of this job as being a relay
runner. you take the baton, you run your best race, and hopefully by the time that you hand it off, you're a little further ahead. you made a little progress. and i can say that we have done that. and i want to make sure that that handoff is well executed because ultimately we're all on the same team. all right. thank you very much, everybody. [cheering and applause] ering and applause] >> president obama giving his remarks for the first time since donald trump won the election. the president said that he con grated president-elect trump last night at 3:30 eastern time. he says he is rooting for the success of the country and called for unity. he also told young people to stay encouraged and keep working for what they believe in. >> we will keep following the presidential race. let's bring it back locally and talk about what is happening in
california. we will bring back david. california voters voted down an opportunity to make recreational marijuana legal. now they have approved prop 64. what changed in that time? >> a lot has changed. generational change and a number of states have already gone first. the lieutenant governor said success leaves clues. especially last year, californians regulated medical marijuana at the sacramento level. and so voters are feeling a lot more comfortable that the government might be able to tax it and regulate it successfully. >> david, i wanted to find out, marijuana may become legal in california. but you can still get in trouble with the federal government because it's not legal federally. how does that work? do you think there will be any enforcement from the feds or can people use their marijuana without any fear? >> that's right. cannabis remains a schedule 1 federally illegal drug for the last eight years the obama
administration has stood down to when it comes to states passing recreational marijuana laws. he said on a number of occasions that he would leave it up to the states and has endorsed medical marijuana. a lot of people in the industry is wondering how that will play out. >> talking about that, one of the arguments for voting for this was not to steal a line from jerry maguire but show me the money. because of what sal talked about and the federal government, is there any concern that a lot of the growers in california would still continue to stay underground and therefore they wouldn't be taxed and therefore the tax isn't getting the money? >> sure. california cans raise up to a billion dollars a year in tax revenue from a fully legal market. there is an estimate from a marijuana research firm saying that legal sales could equal billions in california alone.
cannabis has been a federally illegal schedule 1 drug and the industry operators have come out of thed that owes to get state licenses in washington, colorado, oregon and also get state licenses for medical in california. so i know that growers will be running the numbers and thinking through it. and there's going to be ailment wide percentage that will stay in the black market and see what happens. while others will rush forward and try to get the licenses and have them up on the walls so they're at least state legal. >> what if people decide to smoke a joint, have an edible. they go to work on monday and the boss says i'm going to drug test you. are they okay because marijuana is legal now in california? >> that's a great question a lot of people have concerns about. how this interacts with workplaces. the bottom line is that proposition 64 does not touch the rights for employers to have a drug free workplace. that means that they can do preemployment urine screening and on the job testing
especially if there's an accident. and you don't have to allow people to medicate or use it recreationally at your office. another big factor, you know, is that you can smoke a joint on a friday and still fail a drug test on a monday or even a week or two later. there will be a lot of friction between the rights of cannabis users to use it safely and responsibly and the right of employers to tried to weed out people in the population not doing the best work. >> how far do you think the passage of proposition 64 goes to take down that stereotypical idea so many people have of people who smoke marijuana? when i was in high school, we called them stoners. now it is legal. does that image change at all. >> certainly there is a 70-year history of prohibition. that has stacked up stigma against cannabis users. we're seeing that decline. with legalization in california one with 55% of the vote it sends a message that, hey,
these people can be responsible, safe adults using a substance that is no more dangerous than alcohol or tobacco. it's going to work against the stigma against cannabis but it will remain for a number of years. >> david, lastly, are we going to see a lot more of the traditional investors coming out of the woodworks and saying i'm all in now? >> you know, it's already happening. peter thiel put money into private tier. you hear news about investments being made with medical regulations in california. again that's already super charged investment in the industry. and then legalization in the other states. this promises to build on that. we're going to see hundreds of millions of dollars in venture capital flow into the space as well as even more flow into the public markets in terms of penny stocks. >> i lied. one more quick one. it has to have one or two word
answer. silicon valley is known as the tech center in california, across the country. where is the marijuana center? is it going to be in the bay area? down in l.a.? where do you think? >> you're looking at it. you know, the san francisco bay area is the heart land of the cannabis legalization movement since the '60s. it is the center of the culture and the industry and it will be in the globe for years to come. >> david downs at cannabis editor at the san francisco chronicle. thank you for your time. >> thank you. >> let's go ahead and help share of the answers that we've been getting from you to the question of the day. how do you feel now that the election is over. so many people talking to us on twitter and facebook. i saw a quick luis referring to the destruction we have seen in oakland and other areas. he writes good morning, not so happy of the outcome but people should not be destroying the city they live in. california voted for hillary. what do i tell the student
that's i work with? please tell them to study hard and be diligent for higher learning and justice and be born ladders to the people. i have a comment. excited, hopeful, on optimistic. 1928 was the last time that republicans had the white house, house and senate all together. >> canada will need to build a wall to prevent illegal immigration from the united states. >> i believe the website crashed. if you looked at the canada moving there website. i want to know real quick the poll that we asked you, how do you feel about marijuana becoming legal, 66% said it's about time. >> several cities approved new soda taxes and bart will be getting billions for upgrades. >> alex savidge is live in the news room with what the measures will do. >> bart is going to get a big
financial boost to help upgrade the aging transit system and keep it as reliable as possible for years to come. voters approved measure rr. it got 70% vote and it needed a two-thirds majority to pass. measure rr will give bart $3.2 billion in bond money to make critical infrastructure repairs and to upgrade stations. it will increase property taxes for homeowners in san francisco, alameda and contra costa counties. a short time ago i talked by phone with one of bart's board members who is also the head of the yes on rr campaign. he says the money from rr will not just benefit bart riders. >> i think everybody in the bay area understands that bart is something that is incredibly important to them, even if they don't ride bart regularly. congestion is getting so out of hand. investing in bart and making sure that it is carrying more
people and reliably is one of the best ways that we can make a dent in our congestion. >> opponents of measure rr had argued there was no guarantee that all of the money would be spent on improvements and a third of the money could go to employees salaries and benefits. it appears that three bay area city wills have taxes on sugary sodas and drinks. measure v was approved with 62% support there. voters had rejected a similar soda tax measure in the city just two years ago. and in oakland, the soda tax also passed there. it was measure hh. it was 61% to 39%. in the east bay, measure o1 came out on top with 71% of the vote and all of the precincts reporting there. all three of the soda tax measures will add a penny per ounce tax to the cost of sodas and sugary beverages. we want to go to janine de la vega live in the south bay with
more on the races we're watching this morning. good morning. >> reporter: good morning, alex. yeah we are right outside of the registrar's office in santa clara county. workers are finished counting all of the ballot that's were counted at the polls. now they're working on counting all the vote by mail ballots. check out this video that we took this morning. this is video of all of the vote by mail ballot that's still need to be opened. they could be a factor in a couple of city council and state races. osh running for a state assembly street showed up at the registrar's office in the last 45 minutes because the votes are close. they're 4 percentage apart from each other. >> there's a lot at stake. i wanted to come here and see the process and make sure that the process is being followed. by all appearances it is. everybody is working hard to
get the ballots counted. >> reporter: an important south bay race where there was an upset was 17th district. ro khanna won 59% of the vote, beating honda. he wants to make college affordable and jobs for the 21st century. here is what he told us. >> i want to congratulate mike honda in a hard fought race. i think it's time to come together as a district and as a country to move forward. that's going to be my priority. >> reporter: a key issue in the south bay being closely watched is measure a. it raises $900 million in bond money for affordable housing. it does that by increasing property taxes. right now 67% voted in favor of it, while 33% voted no. but it needs a two-thirds majority to pass. election officials tell us that things can change because there are a lot more votes to be
counted. measure f which is pension reform for city workers including police officers. 62% voted yes. 32% voted no. the police union said having this pass would help attract more police officers and help the department become more competitive. and we're told that ballots really could be processed up until next monday because some people threw it the ballot in the mail because it needed to be post marked yesterday and arrive at the registrar's office by monday. and so that's why counting will continue on a 24-hour -- 24 hours a day until it is all done. back to you. >> thank you. in san francisco, the contentious race for state senator has gone to supervisor scott winter. he defeated kim by more than 12,000 votes. in just the last hour, he talked to us about working together with his opponent going forward. >> we all have a responsibility
to work together. and as -- you know, if you're representing a city in our region in the state legislature, you have to work with our local governments. it is critically important. and particularly now with this new presidency and a right wing government in washington, d.c., we have a responsibility as progressives to come together and to fight. >> attorney general harris won the u.s. senate race. she easily defeated loretta sanchez. how will the presidential election specifically affect our finances? let's take a look at stocks and see what they're doing. green s&p and nasdaq and dow up. a stark contrast to the news we were getting yesterday. a wealth advisor from morgan stanley at some point the dow futures were down by 700 points
last night. why are they up this morning. >> two words, tax reform. >> okay. >> the trump proposal is to reduce taxes. right now we have 7 stages of taxes. he wants to reduce it to three. the top tax rate is 39.3%. going to reduce it down to 33% much that's a huge, huge tax reduction. >> the wealthy people are happy. the wealthier money in the stock market. >> it won't benefit us much. but the wealthy people it will benefit more. >> trade. there's a possibility that we get into a trade war. if there's double digit tariffs on goods, how could that affect the market. >> it could affect mexico. >> their peso dropped. >> exactly. in terms of our exports to mexico. there could be a wall that would deter that from happening. >> we saw health care stocks and defense industry stocks go up, shot up this morning as i was looking here.
is that because of what the president-elect has said he will do about obamacare? >> well, there's two subjects here. one is the affordable care act, obamacare. there is a mandate to get rid of that. that is going to happen. maybe not 100% but it will rise in some form. that's a clear mandate that. will negatively affect hospitals. because hospitals through the affordable care act had people come in who were low income and the insurance paid for them. now they have to accept them without payment. however on the pharmaceutical side, there is less regulation. less government, less regulation. >> george, if i'm an investor, am i dialing back my expectation that the interest rate is going to be bumped up. >> the interest rate is interesting. yesterday we were planning on an 80% probability of the fed discount rate going up in december. now we revised that to 20%. that's because we have a republican president, republican house, republican senate.
and the republican candidate was not favorable to janet. the question is will she really be there. >> will this change in 72 days. >> it could very easily because now we have a political situation. and the feds look at all of the reports. they look at the jobs report. they look at the volatility index. they look at all of the global indicators and at the political system. right now this is a big change. if we had a democratic president in there, we would give it an 80% probability of it happening in december. it is wait and see right now. >> thank you for joining us this morning, george. a long couple of months ahead. coming up, we will switch topics and honor those who served our country. we are sitting down with two local veterans who traded in their military uniforms for a badge that. is next.
>> this friday is veterans day. all this week on the 9 we are featuring reports and interviews on and about veterans leading up to the holiday. >> this morning we're talking about members of bay area police departments who were also in the military. >> thanks for joining us. on my left here is officer jay mccloud from the vallejo police department who was in the air force as an army ranger. thank you for coming in. my question is with regards to the transition from the military to law enforcement here -- i will start with you, jay, was it an easy transition? some people assume you used a weapon discipline in the military and discipline in the police department and sheriff's department. >> as far as a weapon it wasn't for me. going from a rifle to a side arm is different. easy transition. we're bred to listen to standards and procedures and learn to follow them. so it's an easy transition in
that. the only transition that is a little different is for the family. we get to come home at the end of the night, which is awesome. i'm sure that the deputy will tell you as well being in another country for up to 12 months at a time not being able to talk to your family. coming home at the end of the night, whether it's 15, 16 hours it is different. >> that transition is very similar but different. you're coming in the camaraderie is the same. the brotherhood is there that you have in the military. transitioning was a little different. the regimen was a little different. not that much different to transition. >> can i ask you about the public reaction? when you gentlemen are out in these uniforms let's say on bart, right, do you get a different reaction than if you had been in a military uniform? when i see someone in the military uniform i say thank you for your service. do you get that in these police uniforms? >> yes, ma'am, we do. when you're out and about you
get thank yous and people's view that's can be negative. you have to act like a professional and understand that you represent the city that you're wearing or the department that you're wearing. as long as you keep that and stick to the script and say courteous and professional, you don't have anything to worry about. >> have you worked with other military in the sheriff's department. >> there is absolutely. we are a tight network in the sheriff's office. we just had our veterans ball last weekend. we have gotten all of the veterans within the agency. we get together every year and celebrate. >> when you think of veterans day, when you go home, what goes through your mind on that day. >> i'm still serving. i'm proud to serve. i really enjoy veterans day because i know -- i just met him today and the camaraderie just between him and i, we just met. as veterans we stick together. >> veterans day for you, jay? >> it is a very somber feeling. obviously we think about our
sisters and brothers still fighting in harm's way. and i'm honored to speak on behalf of the department. there are 20 to 30 of us in the department. i wish they all could be here. the brotherhood is strong. you can go and talk that maybe a regular police officer doesn't know. that is inviting as well. >> i'm guessing in your work as law enforcement officers you might come across people who are very down and very out, perhaps homeless on the streets who are veterans themselves. how do you connect with someone? you are two success stories here. you're doing well. how do you connect with someone on the opposite side. >> i think we're able to break down that barrier between law enforcement. you take a little bit of a step back where they're going to relate us to a little better because we may be chewed the same dirt. >> you tell them. i served too. >> absolutely. once you find out. >> we had someone on air on monday the director executive.
he and said suicides among veteransis a national cryis -- crisis. do you know someone who maybe can't find a job. >> yes, i have. i have been put in that position before and had a friend call at a late time. it was one of those things that you pack your stuff and get up and go because you know what they're going through. whether it is financially or the transition of coming back to the states and not finding a job. they need someone to listen to them. you need to go and help them asap. i've had that happen before and i felt good of the outcome. you just have to be there and listen to what they need even if it's drawing out an outline. >> so you're a shoulder for the citizens of vallejo and other vets. >> yes. i'm still serving and i have given my phone number to marines. day or night they can call me. >> it's a brotherhood.
lois prices from grocery outlet. - hi, it's... the rest of us! - hey there. - hi! - hey. loifor over 60 years now, grocery outlet has been selling the brands you know and love, for up to 60% less than what you'd pay at traditional grocery stores. - and check this out. lois: we've got meats and produce, naturals and organics, at prices that'll make you wanna sing. - good thing we've got a really catchy theme song. hit it! - ♪ grocery outlet bargain market ♪ - ♪ bargain market ... now it's stuck in my head. >> oakland police says a family admitted to making up a story about finding an abandoned unborn baby. two women dropped off the hospital and told the staff
that they found the child nearby. but the mother of the baby came forward after watching tv reports. she and the two women, one of whom was her sister devised the story because they were worried they would face charges for leaving the girl at the hospital. both the mother and the baby are being checked out at the hospital. join us tomorrow on the 9. our veterans stories continue. and ktvu cara liu goes behind the scenes of the lion king as the run in san francisco is going on right now. okay. we will continue to digest the results of the election last night. the big headline nationwide is this, president trump. donald trump wins over hillary clinton. we're going to keep talking about this throughout the day and have more for you coming up today on at noon newscast. we have heard from you throughout the morning. some are very happy. some are very upset. however you feel, the election is over. we officially made it through
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