Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payment assistance programs. Will you commit to not moving forward any rulemaking or other Administrative Changes related to
Meanwhile, argentina is slashing the amount of u. S. Dollars its citizens may buy. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 5 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. Extension granted. The eu agreed to a threemonth delay for brexit until january 31, removing the scenario of a new deal split thursday. Speaking of halloween, fangs will be sinking their teeth into markets this week. Alphabet, facebook, and apple will report. And bring on the bling. Buy is offering to tiffanys, the iconic new york jewelers, for 14. 5 billion. Lets get to abigail doolittle. Record highs for both the s p 500 and the nasdaq 100. The first since july investors bidding stocks higher on a wave of macro uncertainty being lifted ar
Garcia. Couldnt you leave good enough alone . I am surprised they didnt text you because i knew you were glued to the television. And i was wondering if i would have to get my car out of the garage and get a portable generator. 250,000 people in the bay area could have their power shut off. Is because of the weather, not the heat that is causing them to take the move. Is the low humidity and the wind. Is expected to be much stronger and widespread. We talk about gus 265 Miles Per Hour. They will take down the power lines. Heres a look at the red flag wag thatwill move in not yes but it doesnt include just the bay area, it includes widespread over the sacramento value valley but it starts tomorrow morning at 5 am and goes until thursday afternoon. We are talking 36 hours. Over the north hills and east bay hills, Santa Cruz Mountains, it also includes far northbay valley locations. They do not expect to see the wind but they could reach 35 or 40. Heres a look at futurecast. Early tomorro
Whether or not the power will be shut off is a decision still up in the air. The bay area is getting ready for the possibility of planned Power Outages. Pg e anticipates Public Safety power shut off affecting more than 600,000 customers across Northern California including seven bay area counties. Please prepare for multiday outage. We contact customers be a texan automated calls to let this them notice could happen. Reporter this is a precaution, the way to reduce the risk of wildfires. Its all dependent on the weather. We have been notifying customers to be prepared for multiple day outage. This is one of the most significant, dry wind weather events we have seen in a while. Reporter you should have food, emergency supplies and a plan. You have to have a plan. City of santa rosa is currently in a state of emergency. We did that preemptive lisa resources are prepared for worse case near. Plan for the worst and hope for the best again, the key is have a plan and know what it is. Report
Many are getting ready and city and local officials are warning people the power outage could last for days. Power will be likely shut off for thousands in Alameda County alone including in the Oakland Hills because of red flag weather and high fire danger. It is an unprecedented move. This is a first. Thhave received notification of a planned power outage. I will say it is good to have some warning rather than no warning. It could take up to five days for pg e to get the power up which the mayor said would be devastating. Five days without electricity is acceptable for our committee. Theres a possibility they could restore power sooner. That depends on how quickly they can inspect lines and re energize those lines. Reporter the Oakland Police chief said the department is beefing up its ranks. All sworn officers with days off are canceled and starting this evening with our entire Investigative Team assigned and in uniform. And outage will close 12 schools. Grass valley, howard, parker,