Major increases in the oec through the prop c opening, as you know, thats in the budget for 2021 and significant increase in our feeding in response to covid and that it will be included in the dos budget and the one Million Dollars increase for ihss is the wage increase and the impact on the general fund of that and given the economic downturn due to covid, we anticipate significant increase in our cash assistance programs in human services, specifically in county and assistance programs for adults and families. You can see the total of 19 million there and the bottom is our attempt to move thousands of people into subsidized employment through our jobs now, expansion to provide paid sick leave to employers in San Francisco so that their employees could take sick patients if they get ill. So next slide. And you asked in our presentation to lay out the fte count and we lay this out by department and you can see the bulk is in the department of human services, almost 1500 employee, dos,
We layout top moves by executives buying up their own companys stock. Data you are only going to see here on Worldwide Exchange. It is friday, july 17. You are watching cnbc. Good friday morning, afternoon or evening and welcome to wherever you may be watching. We have a lot to do. Here is how your markets look. Slightly in the red but they could turn around. A very good week for your money, especially the small cap stocks. Russell 2000 are up 3 alone well see what happens today it is very early one of the big stories today is netflix with a mixed picture there. Stocks down 6. 5 the guidance worrying investors. Netflix says growth is slowing as viewers get through the initial shock of covid and also announcing that coceo officer is being promoted. Likely the main stock well talk about today. Stocks wrapping up in asia. Continued tension between u. S. And china hanging over the region early trade in europe. Investors keeping a close watch on something you might have seen on this show, w
Spread of covid19. In one case alone, a los gatos man with Cystic Fibrosis has been waiting nearly two weeks for his results to come back. Nearly two weeks ago, ricky came down with a if he ever and quickly scheduled a covid19 diagnostic test. Since then his condition hasnt gotten that much better and hes been id lating at home. Ive been sleeping with that 16 hours a day. Ive had achy joints. He has yet to get the results back adding to the uncertainty, he is a Cystic Fibrosis patient making him especially vulnerable during this pandemic. His mother, herself a contact tracer for santa clara county, is puzzled by this disparity. It is unnerving. You dont know who is out there. Who could be infecting you. Locally youre more likely to get a fasterturearound from an academic lab such as stanford or ucsf but public labs can take longer. His medical provider went through Quest Diagnostics which is among the large corporations nationwide now competing. A turnaround time of a week or more does
Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Have mccabe, you have strzok, you have his lover lisa page, you have all of these people running around. You have brennan and clapper who lied to congress. You have many many people, you have people that changed documents going into the fisa courts, and its a terrible thing and this is an investigation that they said should have ended before it started. It shouldnt have started and if it did, it should have ended immediately because they found as you know as well as i do, they found nothing initially but it went on for two years or longer. And im getting rave reviews for what i did for roger stone and he frankly is going to go and now appeal his case. He had a jury forewoman who hated roger stone and who hated probably me but she went on a false pretense and he wasnt given a fair trial, he wasnt its not a fair trial, he wasnt given another trial. He should have been given another trial. I wont say more. I wont talk about the judge. Im not going why would i ever talk about a judge. But