We realised the n. B. S dont like inclusionary. That is one thing. But from a technical standpoint, that was very well vetted. It was run by the City Controllers Office by ted rosenfield and ted egan. They had four. Four consultants. One followup piece is specific to the fees to make them as much as possible equivalent to the cost of doing the onsite affordable which was set in the previous round of feasibility. This is a equivalency analysis which is down in the weeds. They concluded that a week and a half ago and that is what will be coming forward in more trailing legislation to button that up. Were not reopening a large policy or ideological conversation about inclusionary housing. Were truly going to get down into the details to make it work right. Simultaneously, were very involved in a much more serious conversation about Construction Costs, which are going through the roof. This whole thing about throwing inclusionary under the bus because it is a convenient target doesnt have
That exclusive cnbc investigation coming up as power lunch starts right now welcome, everybody i am Brian Sullivan. It may not look like stocks are doing much the dow is up 43 points. Modest gains but dont let the numbers fool you. As michelle said, those are all new intraday highs for the major indexes and hopefully for your money as well. This despite the north korean threat oils recovery helping some of the battered energy stocks, which is helping the overall market some big individual stock stories that you should be following, equifax battered again following a downgrade. That stock now down 35 since the data breach was announced a week ago and oracle down 7 , thats on concerns about its current quarter. Ty brian, thank you very much. Welcome, everybody im tyler mathisen, and heres what else is happening at this hour macys ramping up for the holidays, hiring 80,000 seasonal workers. But that is down from last year. Google reportedly considering investing a billion dollars in lyft
Overturned also coming up on the program germanys chancellor is under pressure from all saw mrs marrable six to build a stable government the leader of her bulgarian sister party says things have to change following the conservatives huge election losses. And just two days after germanys right wing any of these celebrated huge election gains the partys coleaders says shell resign. Us frances president calls for more european unity among a lot calling once a joint budget for the eurozone and a shared military Intervention Force but how is that going to go down elsewhere in the end you find out coming up. Im sorry welcome to the show its good to have you with us its a ride around the world that most people take for granted but women in saudi arabia have. Never been allowed to drive until perhaps now state media says the saudi king selma has issued a new decree officially ending the much criticized law its not yet clear when the change is going to come into effect the announcement comes j
Congos illicit mining business. Im daniel winter and this is your Business Update a man a man well microns that europe speech on tuesday is drawn mixed reaction from germany the french president says the eurozone needs a joint budget and harmonized taxes to stay globally relevant he argues that would also reduce inequalities across the globe but he might not find the support he needs in germany one party in Coalition Talks here a skeptical of nikons plants and f. T. P. Officials says the problem in europe is not a lack of public funds but the lack of reform. And speaking of french german ties zeman says confirm the deal to join forces with Frances Alstom to make a huge european trained builder the government there is privately encouraging the deal which analysts say is a change of tact the focus is now no longer on protecting French Business but about creating a european powerhouse after all the competition from abroad is fierce. The fusion between siemens and now storm is on track to