Ill kiss at the guys and the beautiful women and everyone. Trump there. Sident welcome to bloomberg, a servant welcome to bloomberg surveillance, im Francine Lacqua. Earnings in the u. S. And that could move some banking stocks. Overall, stop think stocks are dropping. Bank stocks are dropping. Period forbusy corporate earnings. After fluctuating something with workers in the u. S. Gulf heading back following hurricane deltas landfall. A major step towards reopening. News. Get the first word here with me is leighann gerrans. Has announcedon bars and clubs will closed in the worst hit parts of england. His Health Advisorys it wont be enough. He says local authorities will need to take more action to take the virus under control in some areas significantly more. Crossing to the u. S. , the confirmation hearing of Amy Coney Barrett descended into a partisan clash over obamacare, the pandemic and President Donald Trump. She cast herself as someone who puts personal preference aside, pointi
Session and right now, stocks are in the green and soldly so. Tech stocks the big winners with the nasdaq up more than 1 . Heres a look at the biggest winners right now. Sky works, nordstrom, e trade and Marathon Petroleum with a multipercentage point gains. Melissa . Im melissa lee. Heres what else is happening. Pandora rolling out a new verlgs of its ad free aid owe service that will allow you to replay and skip songs. And julia downgraded to a tropical depression as it weakens off the georgia coast. Trump just wrapping up his speech on the economy. Lets bring in john harwood, larry kudlow and former adviser to the Trump Campaign is going to join us. You can see him sitting behind donald trump. Robert reich is the cnbc contributor and author and steve, the last thing. The fed is political. Wouldnt raise rates even it wanted to because it would be good for obama. Donald trump makes no sense to me. As josh brown just said from the fast money group, if the economy is trouble, why should
Requests that increase to provide Additional Services increase the personnel or enrich programming behind the base budget theyll prioritize ongoing proposing paroles and the proposals must be sported by analytical base approach what im causing augment you shuns theyre to address i think areas those are similar to pillars that have been established by prior things that the mayor want to achieve the first is and tyler kind of vague. Pam pam i think we can see those theyre in the materials i understand the importance of enthusiastic way the pillars of augusttion. Director dodd. I believe the total on that groundtion relate to serving the public not enhancing the service for employees it maifrs makes it more difficult to find our needs for Additional Fund in the context of serving the public. So thank you. One of the so when the original discussions were done when the mayor come to the director and explained what the budget instructions and came to the cfo there were only a few of the goal
Analytical base approach what im causing augment you shuns theyre to address i think areas those are similar to pillars that have been established by prior things that the mayor want to achieve the first is and tyler kind of vague. Pam pam i think we can see those theyre in the materials i understand the importance of enthusiastic way the pillars of augusttion. Director dodd. I believe the total on that groundtion relate to serving the public not enhancing the service for employees it maifrs makes it more difficult to find our needs for Additional Fund in the context of serving the public. So thank you. One of the so when the original discussions were done when the mayor come to the director and explained what the budget instructions and came to the cfo there were only a few of the goals when we actually issued the budget you instructions they added one other interesting area and that is cross departmental collaboration this may be something that we can look at in terms of and im just
Anyhow to improve the process but we right now are on the kind of the critical timeline in terms of our the mayors budget instructions those only apply to the general administrator budget what theyve put out in december was that theyre projecting the general fund deficit to be 15. 9 million in 2015 2016 and 88. 3 million in 20162017 this is based on Current Operations and staff and estimate revenues as a Reference Point we were they were projecting a deficit projection this time last year for 2015 2016 to be 108 million by due to strong tax Revenue Growth and low Unemployment Rate and the negotiation of affordable and 3 contracts allowed the deficit to go down they also take into account the November Ballot initiative if you recall one of them had not been included in the mayors budget and it was put on later and that had to do with the mta population adjustment that affected the general fund because of the good news weve had they have been able to let us off the hook let the city off