State passed that. I think lastly, in terms of the timeline, does this include building and planning, or planning gets 30 days, then it goes to building and they get 30 days, is this permits in general , or specific permits . The housing accountability act is about the entitlement. If it is a project that doesnt meet the standards, or if it is a project that needs conditional use, that is your purview. The bill is not about the post entitlement timeframe. It is about getting the project to approval. That makes sense. Lastly, objective Design Standards, i think we have talked about that. It is so much easier. Some of the Community Housing we develop it. They kind of go away. I kind of look at this and say, we can develop all the Design Standards we want, we have a project that was going to waive five of them. It is understanding that the Design Standards dont make any sense if you can just waive them away. The waivers come into play when he of a stand estate density project. Under the h
Needs to do it to get the deal done. Capital one Financial One of the financials performing poorest today after the first round of fed stress tests were pretty positive for most of the banks. Thetal one maybe one of negative ones in that it deals with a lot of credit cards. Guy absolutely. President trump once again taking to social media to have an attack on the fed. Tweeting earlier this morning, think of what could have been if the fed had gotten it right. 1000 points higher on the dow in gdp in the fours or fives. Now they stick like a stubborn child when we need rates cut and easing to make up for what other countries are doing against us. Part of this is clearly about 2020. Cioned by danske bank from copenhagen. Does the g20 determine whether we get 25 or 50 basis points in july from the fed in cuts . Guest not if you take the Federal Reserve at its word. Not that you have to come up at they are talking about the negative inflation undershooting that we have, and i think a lot of
Surveillance. I am Francine Lacqua. These are your markets. A lot of these european stocks higher at the opening. Now they are down a touch. Lets call it flat. I am looking at oil. A lot of the picture is contingent surrounding iran so you see a little bit of a lift up for american crude. What is going on with these european markets and you are seeing it reflected in yen. Yen is the one story that is the haven. Any risk attitude is reflected on yen. European stocks, a lot of investors are looking at these amounting into political risks. Ifore getting some figures. The german index, 97. 4. We get up around we get the with hernan a cristerna. Lets get to the bloomberg first word news in new york city. The drumbeat for Federal Reserve rate cut is getting louder. Minneapolis fed president says he called for a reduction at last weeks meeting. These comments reinforcing expectations the central bank is on course to cut rates. Trump says he would be able to demote fed chairman if he wanted to
Commissioner richards . Commissioner richards thats a great thing, but i dont think we have anything written legislatively that says when you demolish a rent controlled unit that youve got to replace one. Commissioner hillis but weve still got that discretion. Right. And sb 330 requires a replacement unit in that place, and we can back that up or do it a different way. Commissioner richards i thought it had to be law. Thanks. Vice president koppel just a couple comments on my side. These arent addressed to anybody, but if skinners looking for certainty, whos the certainty for . Is this good certainty or bad certainty . And i dont know how these can get so confusing and so crossed over each other. I think that these updates thank you again for the great report. If you can answer every one of dennis questions, ill give it up to you. Thank you for answering our questions. I am we have a lot of questions up here, and im sure the people in the public are getting a lot of their questions ans
With respect to other units, so thats something we can continue to legislate on in the future. Vice president koppel commissioner richards . Commissioner richards thats a great thing, but i dont think we have anything written legislatively that says when you demolish a rent controlled unit that youve got to replace one. Commissioner hillis but weve still got that discretion. Right. And sb 330 requires a replacement unit in that place, and we can back that up or do it a different way. Commissioner richards i thought it had to be law. Thanks. Vice president koppel just a couple comments on my side. These arent addressed to anybody, but if skinners looking for certainty, whos the certainty for . Is this good certainty or bad certainty . And i dont know how these can get so confusing and so crossed over each other. I think that these updates thank you again for the great report. If you can answer every one of dennis questions, ill give it up to you. Thank you for answering our questions. I