Indication of yesterdays rally. Dow futures up 121 points. Thats half 1 , s p futures up 13 and nasdaq up 24. Dow on track for worst quarter since 1987, s p 500 having worst quarter since 2008. Speaker nancy pelosi looking for a phase 4 coronavirus package calling for Infrastructure Spending now and more money sent directly to americans. Major retailers furloughing staff as Stores Remain closed, macys, stores, the gap, cutting payroll impacts hundreds of workers. Unemployment rate could top 32 . Mornings with maria live right now. We want to check Global Market this is morning. Last day of the First Quarter in europe, green across the board. Dax index in germany higher by 200 points. World Health Organization says there are signs the coronavirus may be approaching a peak in europe. In asia meanwhile markets were mixed, take a look at the numbers on asian markets, best performer there korea up better than 2 although japan was down 1 . China says factory activity is growing, purchasing M
Right now. Hundreds of advocates marched in San Francisco today. Good evening i am ken bastida. I am veronica de la cruz. We are live at the bart station. Ondrea . Reporter this has been going on all day long. Behind me it is still going on tonight. As crowds took to the street demanding action on this mexican Independence Day to stop the crisis at the border. At 24th street, the day of action came. It began with thousands of people, including High School Students marching to the steps of the city hall, demanding the closure of detention camps along the u. S. Mexico order. This is atrocious and absolutely horrible what they are doing to separate families. Reporter on the steps, activists. And politicians alike came together to express their disgust at tuat we nt will be free. We are demanding to stop family separation. Close the camp that free the children now we need to ask ourselves, what type of a person, what type of people would separate families . Would separate babies and Young
Well get them involved in a few moments, but we do begin with the aforementioned jeffrey gunned lach, founder and show of Doubleline Capital thanks for having us. Welcome, judge. Glad to have you here at doubleline. A big day, obviously fed day. New high yet again for the dow surprises today. The fed is going to hike, right . Of course, the fed is going to hike. The real message of 2017 i think is that this is the year that the fed won. You know, 14 short mondays ago the bond Market Pricing said, fed, you wont be able to raise three times in 2017. Actually before the election it was about a onehalf hike is what the bond market was pricing in then the market started to exit late and in late february a couple of fed governor talked about a march hike and the bond market for the first time in years changed on a dime based on fed rhetoric and ever since february the bond market said yes, we believe in three hikes or maybe 2. 75 hikes and clear lit fed is going to hike and whats doubling in
At 43 million twoyear shortfall we needed to close. This is just a little context of kind of where that baseline comes from. On the revenue side, it assumes all of the indexing of the fees, fares and fines per board policy. There are some funds that come in that flow through the operating budget for capital use such as prop b, the population baseline as well as Development Fees and state capandtrade funds. We are assuming that the sb1 funds that i referred to earlier will be there. We have made other assumptions you can see here in terms of the revenue side, including the continuation of free fares. Were going to walk through fare proposals. One thing that i dont think i mentioned last time and were not currently showing, we have received requests from a couple of members of the board of education that we consider expanding our free muni for Youth Program to all youth, not just low or moderate income youth. What this budget assumes is continuation of the free budget fare programs as th
Kind of where that baseline comes from. On the revenue side, it assumes all of the indexing of the fees, fares and fines per board policy. There are some funds that come in that flow through the operating budget for capital use such as prop b, the population baseline as well as Development Fees and state capandtrade funds. We are assuming that the sb1 funds that i referred to earlier will be there. We have made other assumptions you can see here in terms of the revenue side, including the continuation of free fares. Were going to walk through fare proposals. One thing that i dont think i mentioned last time and were not currently showing, we have received requests from a couple of members of the board of education that we consider expanding our free muni for Youth Program to all youth, not just low or moderate income youth. What this budget assumes is continuation of the free budget fare programs as they are. What really drives the expenditure numbers are that we have already negotiate