November 8th. Currently, under city law, various city boards, commissions and officials generally must review and make decisions to approve or deny the development of new housing. Development of new housing must comply with the citys planning and building codes. State law generally requires the project to be evaluated for impacts on the environment. The city has Affordable Housing programs that offer housing for sale or rent at the below market rate. Affordable housing has restrictions on eligibility for households such as maximum Household Income. Proposition d which streamlined the approval process by exempting certain Affordable Housing developments from a number of approvals by the city, if those developments comply with the planning and building code. When the city leases its property or provides financing for these housing projects, the board of supervisors approval would not be required. The proposition would streamline approval of three types of multifamily Affordable Housing.
Bob joins us live with much more. This was a classic relief rally with historic highs in the s p 500 but more than that, the highs in the mid cap and the small cap, the russell 2,000. This was a broad rally. We had roughly six to one declining. Nine out of ten sectors in the s p 500 were up. Thats very unusual. Health care was up as much as cyclical groups. A lot of traders assume the tension and the ukraine thing would go on a lot longer than this. Its not over obviously but theres a sense theres been a deescalation. The volatility dropped because of that. It shot from 14 to 16 yesterday and back to 14 today because even though its unclear what the scope of the Russian Military action might be, an outright invasion of the whole country with tanks for example rolling into kiev looks unlikely. If this story stays relatively quiet tomorrow, the attention is going to quickly shift to fridays february jobs report. Everybody knows the survey week they did it in was a bad payroll week so tha
Have a lot coming up on ukraine. Senator mccain will join us. First, julie hyman on what she is watching. Not big a rally that is individual percentage gains. Seeing a lot of increases of a broadbased rally that not dramatic on the individual stock basis. Delta is up six percent. The biggest increase in the s p 500 today. Coming out with the february numbers. Traffic up two point four percent. Passenger revenue per available seat, up four percent. Even after they had to cancel almost a thousand flights last month. Annualm holding the meeting today, the first under the new ceo. The Company Announcing it will the dividend by 20 and at 5 billion to the top buyback authorization program. Do kleiner, radioshack. Revenue plunging 20 , continuing sales decline. Will be shuddering up to the shutting 1100 stores. Leaving it with 4000 outlets across the country. Broke hisr putin silence today, telling the world there was no need for russia to send troops to eastern ukraine. John kerry landed in
Although, its off the lows of the day now at 3,002. The s p 500 is down oh, theres nasdaq down 14 points. Did we see the s p . Im following the apple story. S p down 15. Check out shares of apple. This is part of whats going tonight in nasdaq. Stock taking a hit today even though apple announced the ipad mini. The company surprising a lot by announcing a new version of its fullsized ipad tablet. Two new products on the docket here. Well talk more about that. Really, why investors are not buying into this news. Coming down 1. 5 on apple. Its a big part of the s p 500. Its a big part of the nasdaq. 20 of the nasdaq 100. As apple goes, the market is seeing that as a pressure. Plenty of that coming up. Meantime, a flurry of weak earnings setting the stage for the selloff today. A lot more results ahead, too, for investors to chew on. The question is, will it be more bad news for the bulls . In todays Closing Bell Exchange thats what were talking about. Gentlemen, good to have you on with u
Getting one or visiting a chiropractor. Market watchers have not seen ups and downs like todays in quite a while. Stocks were up and down on ukraine worries then went up on the close on lighter than normal volume because of passover, the dow finished points higher, it was the second straightup day, nasdaq up 11 points but had closed in on correction territory earlier in the day only to bounce back. Closing higher now four of the past six trading days. The s p 500 was up 12. So what accounted for todays wild ride. More from the new york stock exchange. Reporter stocks rallied at the open but quickly sold off at a pattern that is by now very familiar. Selloff internet and biotech stocks then late in the day the market reversed, a sign that traders are not sure where to price stocks. After rallying at the open it dropped 6 in a few hours then rallied all the way back, that is a little strange. And this whippiness is extending into the broader market, the dow went flat from up 200, then dr