Any other Public Comment on this item . Okay. With that, Public Comment is closed. Commission koppel. Its a thrill to see city kids opening up businesses in the city. Supported by other city kids. [applause] theres no clapping. I know everybodys happy but [laughter] also incredibly impressed with the outreach the project sponsor did with united save the mission, hence them being here supporting. And also the conditions they did agree to, we really hold in high value. So i really appreciate the project sponsor working diligently with the community. I really respect that the sponsor has Prior Experience working in the neighborhood. Obviously very overwhelming neighborhood support, filling in a vacant storefront. The nearby businesses are going to get busier. Theres going to be more people. People are going to be happier. Im highly supportive. I would like to see what other commissioners say. Thank you. Commissioner richards. So i accompany commissioner koppel and a few of the folks in th
Action with abigail. Abigail lets stick with this roller coaster theme and ask the question did amazon have a capitulation bottom . Overnight, the futures were actually higher, then down, down, down, almost down to present as you all were talking about earlier today, then up, almost. 1 31 of the most bullish reversals since 2017, that big selloff. S p 500 andbout the perspective on the 50day moving average. Started lasttility winter, we saw the best case for the s p 500 to weave up and down around the 60day moving average. Lots of volatility, however, in the fourth quarter, sharply lower. This does not look like a capitulation bottom, joe, i will toss it back to you. Joe great chart. Thank you ray much am abigail. Still with us, tom lee of Fundstrat Global Advisors and Gina Martin Adams of bloomberg intelligence. Whether it is the september fed decision or the trade war front or anything else, what would you like to see, or is there anything particular you need to see that will help yo
Live update coming up. I love oakland. Its very hard for me and my son. One lifelong oaklander has had enough of the situation in her city. She explains why she has no choice but to pack up and leave. Plus its a symbol of life. A symbol of celebration. A symbol of happiness. Fresh new look in San Franciscos chinatown. How the Community Came together to beautify their neighborhood. And we have cool and cloudy conditions along our coastline this morning with daytime highs today even off in the east inland hills below average. How muching oner is that going to last . Ill let you know coming up. A live look at the bay bridge, we have a vehicle fire and the backup is building. Ill tell you exactly where it is coming up. But first we are taking a live look outside on your wednesday morning. Look at this beautiful view of the sunrise for our camera on top of black mountain. I love seeing that morning glow right there. Jess, its so nice but here in the city, it looks definitely a lot different
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in the record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more than 32 . Shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in america today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But ac
Maria good thursday morning. Thank you for joining us. I am maria bartiromo, thursday march 7. Your top stories, 6 00 a. M. On the east coast. Market searching for direction ahead of Federal Reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterdays rally after fed chair jay powell told the House Financial Services committee rate cuts are coming this year. Hell testify once again in front of the Senate Banking committee right now. We will preview this morning, the house dodging a partial Government Shutdown after 460 billion funding bill, more stress on the Banking Sector as the new York Community bancorp a new infusion of cash set to receive a billiondollar investment, everything you need to know about the regionals and the impact on the broader market. European markets are lower, take a look at the eurozone a mixed story with the cat caught up six attacks and accept sexiness and p100 in london is lower by 17, the Europ