San francisco for affordable housing, has been significant. And so the need is great. San franciscos coalition on homelessness is preparing for its annual fundraising, and ought auction. The executive director says the president is proposing to help end homelessness is ironic in light of Trump Administration policies that she says increased homelessness. They cut housing by over 80 . The Trump Administration itself has cut a lot of section 8, has cut hud. We have reached out to the white house and the department of housing and urban development to try to get an idea of what this plan might look like, so far weve not heard back from either. Christian you kind of alluded to this, and there may not be an answer, but what are the options that the federal government would even have in the first place . Thats why we are trying to reach out to them, you are absolutely right, i dont have a clear idea on exactly what that might be, thats one of the reasons we are reaching out to the white house
Years. Weve heard from some districts that the result has been a decrease in discipline referrals and a more concerted effort by teachers to find other ways to address the students behaviors. There is one group that doesnt quite agree. Charter Schools Development center, an independent advocacy group, oppose the bill. Members saying some Charter Schools serve high risk populations where strong disciplinary practices are vital to student and staff safety. The executive director says however well intended, as before 19 has one size fits all discipline standards that are not fit for all schools in all circumstances. As mentioned, this bill does not include High Schoolers who can still be suspended, he goes into a effect to light 20 of 2020. In San Francisco a school. About an hour ago people ding t school board install signage to explain the mural. Last month the school board voted to spend 850,000 to cover up the mural. The project could take years to complete, which is why they are now
Golden gate through the san bruno gap. As we look back towards downtown from our exploratorium camera at pier 15, temperatures this morning maybe a degree or two cooler than yesterday in your neighborhood. From mid 50s to mid 60s. Mid to upper 60s at the coast. Well go from upper 70s to upper 80s around the bay, upper 80s to upper 90s inland. Still warm at 7 00. Lets check the monday morning commute. Good morning. Were finding lots of green out there. You will find the usual slowing right now as you make your way through tracy. Thats where we see the heaviest traffic on westbound 205 continuing to the Altamont Pass. Then it picks up after that. That drive time, tracy to Castro Valley is 56 minutes. Thats our slow spot this morning. Northbound 101 looking good. Highway 85 to the san jose rportminutes. Also fine on northbound 280 into San Francisco. A live shot of the san mateo bridge travgs fl flo flo f well. El cerrito police are investigates a shooting involving an off duty San Franci
Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
Was not a trend but an adjustment. Here is his rather ignorant statement about Interest Rates at his press conference. To ensure against downside risk, to provide support to the economy, the factors are, where factors are pushing down on Economic Growth and to support inflation. I do think it will serve all of those goals but if you were thinking of it as essentially in the nature of a midcycle adjustment to policy. Lou a midcycle adjustment. Investors did not want to hear that nonsense. His remarks came at 2 37 pm for the next 16 minutes, the dow sold off. 279 points. The nasdaq fell 155 points. S p 500 fell 46. Edward lawrence has more in the story tonight from the white house. Yes as you know, the Federal Reserve rates a Court Reporter not everyone in the room it was voting was happy about it, they were two dissenters. The boston Federal Reserve president and city reserve president both thought the Federal Reserve fund rate needs to stay exactly where it was. In the end Federal Rese