Shows us how the city is looking to build a better bay area not just for renters, but landlords too. Jose and his wife were wrapping up their garage sale saturday afternoon. Its part Spring Cleaning in case they have to move from concord. Its really hard for us to like, just work for rent to pay the rent, and we have more expenses than that, like the car repairs. Jose, who didnt want to give his last name, pays 3,000 to rent this small three bedroom house. Given whats at stake, he joined the coalition that fought an eight year battle to get rent control and concord. The ordinance passed in march. We need to have a place to stay or we be on the streets. The new ordinance caps rent increases to 3 a year and includes just cause eviction protections. But city Officials Say the ordinance was challenged by those seeking to get a referendum on the november ballot. However they failed to get the roughly 7000 signatures by thursday, so the ordinance took effect on friday. This was great. It was
Behind me for the last 13 years in davos. I know we have some great coverage and panels. Speaking tomorrow with the barclays ceo, jes staley. We will be talking about the future of banking. Friday i will be moderating a panel on Monetary Policy and what comes after normalization. By ray dalio. Ed we are trying to figure out exactly what the davos men and last yearso wrong, and what they got so right. We are looking at some of the market calls they made last time. The dollar call was wrong and so was the price. Three. Re in day lets check out what is happening in the markets today. There is the stoxx 600, gaining for a third day after a third weekly gain. The best run since october. The euro, up by. 5 . There is a bit of relief now. Voting to enter negotiations on the common policy platform for germany. They have still got his final say on any coalition pack. There is another hurdle. This week, itins will be the sixth straight gain. The u. S. 10 year yield will change two point 56 . A v
Not seen the kind of range today we have seen in recent days, that changes in the markets prove me wrong. We swung from a loss to a gain. It is a smaller loss than we have seen in recent days. Still, the volatility is there, or the swings are there and daily averages. There was no catalyst that seems to send stocks higher. If you look the daily range, with the average, you can see that today, yes, the range is on a relative basis somewhat smaller. Overall, the range has really ticked up recently. Lets zoom in to get a better look. There you have it. Here is todays daily range versus where it has been recently. It is higher on balance that it was last year on a typical day. . Hat is leading stocks higher we have Consumer Discretionary stocks performing well today. Ther armour is helping lead gains there because the companys earnings and revenue came in better than estimated even the north american revenue still fell. The rates of decline is still smaller than it has been in recent quart
With the Corporate Tax cut, but there was one industry that got a bigger snub last night than any oscar wannabe ever has gotten. This one could drive a new wedge between congress and the white house. It involves a lot of money, were going to explain. And talk about a snub. When it comes to Mark Zuckerberg and the winklevoss brothers. A wedge doesnt do justice to the bad blood that may be boiling between the harvard grads. A new move by the social network against cryptocurrencies and the rest has us at countdown wondering if zuck is holding a grudge over having to settle with bitcoin billionaires over who really created facebook . Facebook and microsoft earnings on tap. Why millennials may be more financially savvy than we thought. How can you cash in on the governments infrastructure push. And President Trump versus Alan Greenspan . Charlie is about to break that hour next. Youre in the right place. Lets start the countdown. We need to get to that very scary situation right now in virg
Of the referendum on sunday. Right now that vote is too close to call. A new poll said 47 of greeks supporting yes that is more austerity measures, and 43 in favor of no with a three point margin of error. Coming up, we will speak with guy johnson in athens about his interview with the outspoken finance minister yanis varoufakis. This mornings jobs report is about more than just employment it is also about the fed. We will get the figures 2. 5 hours from now. The economy added 200 33,000 jobs. Investigators want to know if airlines in the u. S. Are colluding to drive up prices. American and southwest say there that letters from the Justice Department asking for details of meetings and conversations on the supply of seeds. That is a crucial factor in determining fares. Senator blumenthal asked for the investigation. Holding down supply economics 101, that is a violation of law if it is misuse of market power. Airline trade group said domestic fares are down this year and capacity is at