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Street. Im Carl Quintanilla a strong close with buffett on squawk. Fed chair pal on the squawk tomorrow we begin with futures pointing to a sharply higher open on the twoweek rally and buffetts advice for the longterm investor despite volatility, buy equity, not bonds. Ge is planning to restate three new candidates to a streamlined board of director. And the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. Buffett is one of the big stories of the deal saying Berkshire Hathaway received the new tax law. Heres what becky said earlier on squawk. We had about 100 billion of unrealized gain in equities. Now, when they are sold, you pay tax on that. And previously when the tax was 35 , we would have had a 35 billion reserve for taxes against that as a liability. That would drop to about 21 billion. So 14 billion roughly that was ....
Investing millions and millions of dollars and i say okay, if we help you establish your business here, i want you to employ local people. Warriors, when you build your stadium i want you to have local hire. Ucsf, will wh you build a new hospital, i want you to reach out to our programs and get local people hired. Tech companies, i want you to fly out with all wrour poky mon stuff, get some of those jobs for our kids and open up making sure we train our kids in the technology and jobs of the future. So, even though you see a lot of success going on, there are many of us day too dai day saying, keep the door open for somebody else, support our non profits, support our school district, support our Community Serving associations. Think about communitys always because that will always be the most important thing you could do and when you get a good education and good degree and good reputation, quite frankly that may be your goal, ....
Of the mayors 2030 task force we were members of. Thank you. Next speaker, please. Good morning, supervisors my name is restraining order lane i wrote to you a couple letters on the issues i hope you had time to read them i live in south san jose you may wonder why im not in support of this project in its current form a lack of capacities on the cost of mous how can anyone stand in front of and ask you to spend 6. 75 percent of the fleet we have bike capacity reached over 50 percent when you put that into the the capacity of the train by 25 percent of the entire fleet with 200 million less the second issue with the time and the cost of the electrical indication nothing wor electrifying it doesnt make sense spending more money than the world electrifying something well get later and im requesting a no vote for the administration who first job will be to complete a full analyzed starting with awkward passenger and i got 30 seconds left of the funding more serious than you think 600 milli ....
[applause] thank you for that introduction shmon and thank you for your wonderful work at the school board. I know that the more people from the community that get on to our elected body will really help and i know the school board is doing well. We are because of you and hid ruand all the other School Board Members and richards leadership we are the best performing urban Public School in the state of california so thank you very much for that leadership. [applause] allison, thank you and we are proud of our sf state as well and want to thank omar, thank you for inviting us to this beautiful place and before i begood in , let me share good news with everybody. We just learned that we won the lawsuit filed against the Warriors Arena so now well Start Building th ....