And is it cause for concern . All that and more tonight on nightly Business Report for tuesday, february 11th. Good evening, everybody. Im tyler mathisen. And im sue guererra in for susie gharib. He new fed chairman assures that if the economy continues to gain strength in order to boost the financial system. Traderers certainly liked that. All ten s p sectors rose sending the major averages to their fourthday winning streak this year. The dow closed shy of 16,000 again. The nasdaq up 42 and turning positive for the year. The s p added nearly 20 closing back above the 1800 level again. We have two reports on todays rally. First Hampton Pearson with more on Janet Yellens testimony to lawmakers and then Courtney Reagan with reaction on wall street. We begin with hampton. Reporter in her first report to congress as chairman of the federal reserve, janet yellen said the u. S. Economy would have to take a sharp downturn before Monetary Policymakers would consider halting the reduction of bo
I work over at San Francisco general hospital, in the dietary department. I have been there for almost three years. [ applause ] i will be graduating from the university of phoenix this year with a degree in criminal justice. And as barry has already told you i freelances an interpret. He said that the dead are not resurrected here. I stand here before you to let you know that the dead will be resurrected. Because my life was over before i came here and it has been resurrected all today. [ applause ] thank you very much for taking the time to listen to me. My name is tyrone and im under construction. God speed to you all. [ applause ] thank you, tyrone. Whew. [ [ laughter ] it is my distinct pleasure to introduce to you today one of our volunteers. This woman takes time etch year to volunteer with her children and grandchildren. She comes when she is not otherwise occupied, like leading those in congress. Nancy pelosi is used to speaking before representatives. She has been doing it fo
1 million in contributions from the corette foundation to make sure this dining hall go its chance to be rebuilt. [ applause ] so st. Anthony can increase their space by 42 in the land use and also build the housing. And while we are reminded there is still 2. 5 million and i know were going dig deep in our pockets to help get that done, because it will get done. Miracles happen completely, not just partially. That i want to thank and recognize susan, because i know the transition from who we knew to be the face of the corette foundation happened years ago. She has picked it up with the greatest spirit, the greatest honor that can possibly be produced, the spirit of the corette foundation lives today through susan and her con stant donations. She was one of the very first when i was interim mayor and i said i need some of the philanthropic aid and i talked to William Helman and what he did and with the fischers and sorensteins and all the great families that were part of our history an
We passed an unbelievable measure that will provide funding for Affordable Housing here in San Francisco. It doesnt solve the problem, but it is a step way beyond what any other community in california has done. I want to thank the board and the mayor for their incredible leadership on this and invite up mayor ed lee. [ applause ] thank you, doug and thank you for your leadership at mercy housing. As you reconstruct your life. [ laughter ] anyway, let me first of all say its a privilege to be with our board of supervisors, many of the members are here. Our fire chief, our police chief, our homeless connectors, bevin, who has been on the streets and i will be out there with you tonight to do the Homeless Count as we need to do to make sure were doing our best to cover everyone. Barry said earlier this is a lot of miracles happening and i will tell you this is the city of miracles, because we want those miracles to happen. We wish it to happen. Lucille wouldnt be here without those mirac
Occasions when those who have been excluded have been welcomed to something new and exciting. She has done it for women coming into the halls of congress. She has done it for seniors moving into housing. She has done it for those with hiv aids gathering at the memorial grove. I could go on and on, but i would much rather hear her speak, so please welcome leadership nancy pelosi. [ applause ] thank you very much. Thank you very much for your very generous introduction, barry and for your great leadership at the st. Anthony foundation, for the invitation to be here today with such distinguished guests. How about tyrone . Is he something . [ applause ] but its an honor to be with you barry, with susan swift, with Doug Shumaker and our distinguished mayor, mayor lee. Last time i saw him he was on the platform while president obama was delivering the inaugural address. Susan corette, thank you for decades of generousity and service to our Community Across the board. And father harden, who i