Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
Renters from access to legal help, more will be able to stay in their homes and avoid unfair eviction. Today we will hear initial data from the programs supplementation. And the story that these numbers tell is clear, providing tenants with an attorney stops unfair displacement and gives San Francisco residents a fighting chance when facing eviction. In the last six months alone, over 700 tenants households have avoided eviction thanks to this program. The data supports the theory behind prop f. Since implementing the right to counsel, evictions have decreased overall with a 10 drop from 2018 to 2019. Of the tenants receiving fullscope legal representation, 67 achieved a successful outcome of being able to stay in their homes. This program stops evictions and prevents homelessness. The Mayors Office of housing is here and will provide a broader overview of the data in their presentation shortly. But i just want to highlight a few important points at the out set. First, as predicted, ev
Of the right of way. So to take it a little bit further, once they accept, once public works accepts these as public rights of way, the assessment of 4,000 will go away . Not quite. Its a twostep process. But in essence you are correct. The first step would be for the city to accept these parcels from ocii but in doing so, they would still remain a private parcel in public ownership. D. P. W. Would have to take the second step and incorporate, merge these two lots into the right of way. And at that point, what you said is true, it would no longer be subject to the assessment. Do we know how long that process takes and whether public works has that on their list of things to do . Weve had discussions with public works. It is my belief that the first they are aware of this fact, and second it is my belief they plan to incorporate this into the right of way once accepted. There is a little bit of a technical issue, because streets and sidewalks have to be have to meet certain specificatio
Cut this month thanks. We are seeing a big bounce back. All angles are covered for you bob pisani, Rick Santelli in chicago seeing new lows on the ten year yield, meg has the latest on the coronavirus and Steve Liesman on whether the fed will come to the markets rescue here we begin with stocks and bob with the latest here kelly, were just off the highs. The question is, why theres two essential reasons. Number one, we have extreme oversold conditions. Well explain that in a minute and number two, we have hope for fiscal stimulus and coordinated monetary stimulus and theres indications those are coming together as well there you got your rally take a look when we say extreme oversold conditions. It shows you mouch much the market momentum is moouing below 30, thats oversold. You very rarely see this its screaming buy in a traditional way to look at the markets. Another extreme indicator, you have nyse, the volatility index. We were at 49. Thats almost four standard deviations away. We
Would like to adjourn this evenings meeting in honor of the two firefighters that were killed in the line of duty. They were captain ramon and firefighter patrik jones. So moved, madame chair. Thank you. Second. And all in favor of adjournment . Aye. We are adjourned. Thank you all very much. [please stand by] good afternoon and welcome to the land use and Transportation Committee of the San Francisco board of supervisors for today, monday, february 24, im the chair of the committee, aaron peskin joined to my right by vicechair safai and to my left by supervisor dean preston. Our clerk is ms. Erica major. Ms. Major, do you have any announcements . Yes, please make sure to silence all cell phones and electronic devices. Completed speaker cards and copies of any documents should be submitted to the clerk. Items will appear on the march 3 board of supervisors agenda unless otherwise stated. Thank you. Can you please read the first item . Item 1 is a resolution authorizing assets from the