Supplies, and work orders of other city services, such as department of Human Resources, Controllers Office services, and rent. We have six f. T. E. S with the Directors Office vacant since march of this year, and we have an open grant funded position that youre not seeing in this chart, just vacated last week that were working on filling quickly. We, like all City Departments were instructed to propose a 10 reduction. We proposed initial reductions amounting to 959,000 annually, and this was an across the board proposed reduction of almost 12 to our communitybased grant fees. Realizing the impact of these grant fees to the vulnerable populations and the populations these serve, the Mayors Office asked us to submit some lower alternative reduction scenarios. The Mayors Service accepted our approximately 7 reduction, which would come from the departments genderbased balance intervention program. Understanding that all of our grantees work serves vulnerable and underserved communities, t
Up pressure. A big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. But that could change. We have 59 minutes left of trade. We do sara, as i know you were equally with me on this, we also happy birthday wishes to closing bell and power legend bill grijive who shargri griffith who shares our birthday and mrs. Carl quintanilla. It goes on and on this great seventh of august. Popular day great day it is because of them, not us. Coming up on todays show, tensions ramp up between the u. S. And china, well speak with i ian bremmer and why a worldwide depression is coming plus, the weeks storm driven Power Outages have been a major headache for people working at home. But they gave a boost to a generator company. Well speak with the companys ceo in a few minutes lets focus on the big stories that were walking mike santoli is tracking a volatile market session. We have the latest developments on the stimulus
Facebook premarket, zooming after a big gain yesterday. Its Financial Report suggested some stability returning to the advertising market. Facebook getting 98 of its revenue from ads. This company is a truly global platform. Over 1. 7 billion daily users. Stocks up another 6 this morning after a gain yesterday. Look at microsoft. Big gain yesterday, modest gain this morning. Its close to its alltime high. It says the virus had little impact on its business. Up 1 , microsoft, this morning. Its true to say these trillion Dollar Tech Companies are again pulling in a big chunk of investors money. One more for you. Tesla. Yep, another big gain. Elon musk is furious at the california authorities for keeping his fremont plant closed. He calls them fascists. More on that in a moment. Look at tesla go, 854, up 54. Overall trn overall, its a down day. The dow is looking to be down 280 points. The s p down 33, and the nasdaq, despite the success of big tech companies, thats going to be down as we
How the sector is shaping up for the condensed Holiday Season, already december 2nd why jack dorsey is planning to spend a big chunk of next year in africa. Well discuss it even if we know nothing about it never stops us no as we enter the first day of trading in december, stocks are looking to maintain the upward momentum following what was the best monthly performance since june the nasdaq was the top performer over the three major indices its november gain was 4. 5 , jim, as we head into 2020, amazingly as that is we have to look at the likes of apple and facebook and the incredible gains and some of the laggards in technology it is hard to imagine amazon is a laggard, it has been performing as has alphabet. I think people should watch jpmorgan and United Health which bottomed at the exact moment when the of senator warren hit its peak i continue to believe like you do, david, it is way too early one thing i would say, there is no reason for jpmorgan to be up where it is, given the
But the end of october, on the same day the kincaid fire started, her Insurance Company dropped her. I do nothing aaa would do that. You know, i just, i have been with them for a long time. My mother was with them. I never, ever thought that they would do this, but they did. Reporter is a growing trend across california, orinda is a new hotspot. Nonrenewals in the zip code are double the bay area average. Annabel worries about the Ripple Effect that it is going to have. Nobody will be able to sell their homes or buy them because they can get a loan. To get a loan you need insurance, and if nobody, it is a catch 22. Reporter the nonrenewables are directly correlated to devastating wildfires that we have seen in recent years. After the tubbs fire in 2017 and paradise in 2018, Insurance Companies paid out 25 billion. Aaa told annabel that they wont renew her and she lives on a hill near the woods and on a small road. Which are also some of the reasons why she wants to live there. This doe