Beautiful day outside. I think we have some great things to talk about. I will start by discussing the Federal Reserve. As you know it just happened minutes ago but it makes me very happy. I want to congratulate the Federal Reserve for starters they have lowered the fed rate from what it was, which was one to 1. 25. It has been lowered down to zero 0. 25. Zero to 0. 25. The Federal Reserve will be purchasing 500 billion dollars of treasuries and 200 billion of mortgagebacked securities. That number can increase but they will start with that. That is really good news. That is great for our country. That is something we are very happy. I am very happy. They did it in one step. They did not do it in four steps over a long time. I think that people and the markets will be thrilled. That brings us we are the strongest country in the world by far financially and every other way. That brings us in line with where other countries are. Actually have negative rates. We got it down to potentially
Everything in the middle is struggling we saw this once again today, especially with the dow gained 102 points, s p advanced 0. 41 nasdaq up. 57 Dollar General, walmart, costco and target low end. Well, as well as rh, the former Restoration Hardware and lululemon on the high end. Some call it lululemon and theyre wrong. Lets unpack these Dollar General and dollar tree are Bargain Basement plays that indicator to the vast majority of americans who are trying to make ends meet these companies are extraordinarily good at what they do. This morning oppenheimer argued the chain has some of the best Revenue Growth momentum around, at a time when Interest Rates are slowing, meaning investors think the economy is getting weaker well, guess what this is a defensive holding. When retails not so hot right now, dollar gen. Dollar tree has a similar story, the acquisition of Family Dollar which is finally starting to pay off. Oh, man its having a big impact on the numbers. This was no easy feat. I
To stay home, then the future of oaklands Police Department taking center stage. The four finalists for the citys next police chief are introducing themselves at a special meeting tonight. Why the oakland mayor is boycotting the event. Plus, a remarkable. Comeback after pandemic setbacks. Muni ridership in San Francisco is on the rise. Well take a look at the factors driving the change. Live from jack london square. This is morning time two. The night. Today is thursday, february 29th. Were looking at San Francisco. You see that in the background . That is sutro. Tower. You probably recognize it if youre a lifelong local like i am, you might even know why its there. Coming up later in the show, were going to talk about some bay area things that you may not know about. And thats an interview we have coming up with someone who does a podcast and talks about all things bay area. Lets talk about this now. Sunnyvale based humanoid robot startup figure ai has secured 675 million in Venture C
District are increasing their operational combat training. So in june an operational exercise of the fleet took place with a group of forces in the far sea zone, to it involved over 11 thousand military personnel, 67 ships and support vessels, 35 airplanes and helicopters. In addition, as part of strengthening the Strategic Partnership and expanding cooperation in the naval area , the russianchinese exercise north interaction 2023 was held from july 20 to 23. 12 ships of various classes, including a submarine, as well as 28 aircraft and 10 helicopters of the two countries, practiced joint actions in various environmental conditions. On september 25, in the northeast of russia, the exercise ended finval 2023. Girlfriend. The leadership of the commanderinchief of the navy, about 10,000 military personnel and more than 50 units of military equipment were involved in it. During the exercise , joint missile firing was successfully carried out by surface ships, submarines and coastal complex
Then we would understand the burden we p put on the backs of small businesses. A couple things you would see in my bill not our plan is immediate expensing that accelerates the path of more Resources Available immediately for small businesses. The secondo say thing you would do is cut taxes. We did that in 2017. 2017. In 2017 that was one01 of the three wee believe this at the point and you can watch it in full cspan. Org. We take you live now to a forum looking at the use Korea Alliance. It is being hosted by the center for strategic and International Studies you will hear from secretary of state Antony Blinken and maryland senator chris van hollen. You are watching live coverage on cspan2. The cree Foundation Fred kempe is here dash that weve had this conference and its always been for me to highlight and is always been very important probably never as important as it is this year when you think that everything that is going on. Weve got, well, we dont really know whats going on in c