John ford has the morning off. We start with this big story about big business and the white house. Two of the president s Advisory Councils disbanding after multiple ceos dropping out citing the president s response to the violence in charlottesville. Among the ceos speaking out, jamie dimon, jeffrey immelt, mary barra, etna ceo mark bertoli bertolini. I think well talk to bob crandall in just a moment, guys, but were all trying to process the dramatic decision, how it went down, a lot of good cnbc reporting on that and what the significance of this move is going to be. In practice and also symbolically in the statement that it sends to the president and the white house. We clearly havent seen anything extend into the administration and markets are down half a percent or so but over the course of the last week as a whole, were up about three quarters of 1 for u. S. Indices. Reuters now has the headline quoting a white house official that gary cohn intends to remain in his position as
If you lead with an issue, lead like you have conviction, you can get peoples attention. Its amazing. Thats why sometimes i shouldnt say this on the air i fantasize that maybe joe shoot all the Political Consultants because they dont understand how you get a message across in a way that the American People can grasp and say, yes, this is the way we should go. Host you have been talking about the flat tax for a long time. Your second book what flat texas resolution. Your moe recent book is reviving america. What is a flat tax. Guest it takes the current code, get rid of it. A couple years ago the taxwriting committee in congress, tried to rationalize the current code. The bill came in at 997 pages, which tells you all you need to know. So bury the tax code but the epa may not allow it, its so tox. But throw away the code, put in a sinkle rate. We friend the book 17 . General his exemptions for adults and children, nobody gets a tax increase in this thing. For example, a family of four,
Tv. Cspan, created by Americans Television companies and brought to you as a service your cable or satellite provider. He has run twice for president and has written four books, the most recent reviving america. Steve forbes, the issues you talk about and write about, are they being discussed in this election . Actually not the way they should be. In many ways this is the most content Free Campaign weve had in decades. Take the republican side, most candidates had nice position papers but how many of them lead with issues the way i did with the flat tax. Whatever you think with donald trump, even though i didnt agree with a lot of it, he put it out there and what is amazing, his 16 opponents didnt realize what he was showing them, if you lead with an issue lead like you have conviction and you can get peoples attention. Its amazing. We shouldnt say this on the air but i fantasize that joe stalin back for five minutes could shoot all the Political Consultants because they dont really un
Exchange. Nicole lets bring everybody to speed. The Dow Jones Industrial average 453 points so youre seeing heavy selling, selling across the board, certainly in those economically sensitive areas such as financials and the like, but the lowest point today we were down nearly 540 points. That was during trading. Overnight over 800. So traders now are saiding what happens by the end of the day and while some projecting only 200300 point loss, others are worried about next week. What happens next in the European Union and what janet yellen says next week . Here is a look at the ftse and cac quarante. They closed 8 , german dax 5 . Bringing back to currencies, we saw the uk pound plummet the most ever on record, plummet into the lowist lowest levels in 31 years. A little better but a lot of worries that it could go even further to the downside. I mention the financials, which have exposure to europe and uk in particular. We are watching gold as well. Gold has been a safe haven. Gold is up
Good morning everybody and welcome to the special meeting of the San Francisco board of supervisors budget and finance committee. This is monday, february 8th, 2016. My name is mark farrell and ill be chairing this committee and im joined by supervisor norman yee and supervisor katy tang will not be able to make todays meeting and will be excused and thanking linda wong, as well as Charles Kremenak and sfgtv for covering this meeting. Okay, thank you, madam clerk. The purpose of this special meeting is simply to hear the amended items for the general Public Safety health bond and to forward it out as Committee Reports to hear them have them forwarded for tomorrows board of supervisors full board and if you could call items one and 1. Item 1, ordinance calling and providing for a accept election to be held in the city and county of San Francisco on tuesday, june 7, 2016 for the purpose of submitting to the San Francisco voters a proposition to incur the following bonded debt of the city