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Sports world coming to a halt while the happiest place on earth closes its gate. 2020 race impacted by coronavirus as well, Campaign Events canceled. Debates with no inhouse audiences, mornings with maria live right now. Maria we want to check overseas marks right now, take a look, mixed story over in europe. Ftse 100 now turned negative, down 421 points, 7 lower on financial times. Cac request rant is up 150 and dax index in germany up 307 points. 3 apiece. We are looking at those losses extend this morning in the uk. In asia overnight it was red across the board certainly in the heels of wall street but markets in asia actually closed off the lows of the session, worst performer was japan, down better than 6 followed by korea. South korea banning short selling for now 6 months, lets check Interest Rates, the yield on the 10year treasury moving up. The yield is up now 10 ba ....
Revenues and expenditures that we expect over the next 5 years as well as monitoring the process on the deficit and develop multiyear strategies to kind of reduce volatility in the citys budget process and anticipate and plan for some, for issues. Additionally weve moved the publication to the fall normally we publish in march but as you know i mentioned earlier we published in december of this year to have a more thoughtful planning process for the 5 years and in terms of of what what can be found in the plan we publish it every 2 years its a joint report with the city controllers office. So the high level take away is that, you know, what you are seeing in front of you is a summary of the projected budgetary surplus or deficit you will see its a projected deficit for the 5 years and in fiscal year 20 and in fiscal year 2017 its a cumulative shortfall ill note that the 15. 9 million is the lowest shortfall at least in the last 15 years but do know its a projected shortfall. So what yo ....
Attempting to show you im sorry its such small font but were taking a balanced approach growing at a slower rate so curbing growth and also increasing revenues doing it from both ends to present a balanced budget. Expenditures over the the 5year period are expected to average about 23 percent over the over the 5 years so our 5year Financial Plan proposes a reduction to to about 18 18 percent Slower Growth in cpi and if you want to nittygritty details you are more than welcome to dive in on the citys website and increasing revenues to 18 percent to present a balanced budget. As i mentioned earlier this is the first time the the 5year plan were presenting a recession scenario and again its small i apologize but what is your seeing here is the average length between downturns since 1900. And so the black dotted line thats vertical down the middle represents the average and so the ....
Why should these isolated incidents not have the same or at least similar reactions . I have no idea. Again, my point is there seem to be a scarcity of good statistics except we know that africanamericans are more likely to be shyot and arrested. We do not know the gross numbers on that. Have patience with this idea that we keep stringing together all these isolated incidents when you have 10 or 20 isolated incidents. It seems to be you have a pattern. That seems like logic to me. I would just add that 9 11 was not in fact an isolated incident. It was the biggest ring to hit this country. I think some measure of better security and better preposition preparation was warranted. The problem is when it was in all the crannies and we use tools to combat terrorism a bunch test against a bunch of kids, who do nothing. That is the problem. I think both are patterns and it is the intersection of those patterns that has been a particular problem. Opk, next question. I have a question. How do i ....