. >> sherren you were talking about it in home support for the middle-income and one million dollars for two years. >> it is one million dollars for each of two years. >> for each of two years. >> right. >> a pilot project. >> right. >> what's the plan for dos to get this program off the ground that's a great question we didn't found out until this week that will be in the mayor's office budget we have to look at setting it up to study it so we need to know the outcomes we will have what we'll do a subsidy program so is it not going to be you know we did try a piloted for people to qualify for in-home care services but had to pay something we didn't need to study is that will be a subsidy important people who either don't qualify or want to pay for one we'll bring back the stakeholder that kind of helped to put this together and work with the community living fund probably a mechanism we have in place and decide how to prioritize people that is hard we'll not have enough money for 14 thousand people and don't know this is quite the right number we can probably serve to 50 people in a

. >> sherren you were talking about it in home support for the middle-income and one million dollars for two years. >> it is one million dollars for each of two years. >> for each of two years. >> right. >> a pilot project. >> right. >> what's the plan for dos to get this program off the ground that's a great question we didn't found out until this week that will be in the mayor's office budget we have to look at setting it up to study it so we need to know the outcomes we will have what we'll do a subsidy program so is it not going to be you know we did try a piloted for people to qualify for in-home care services but had to pay something we didn't need to study is that will be a subsidy important people who either don't qualify or want to pay for one we'll bring back the stakeholder that kind of helped to put this together and work with the community living fund probably a mechanism we have in place and decide how to prioritize people that is hard we'll not have enough money for 14 thousand people and don't know this is quite the right number we can probably serve to 50 people in a

. >> sherren you were talking about it in home support for the middle-income and one million dollars for two years. >> it is one million dollars for each of two years. >> for each of two years. >> right. >> a pilot project. >> right. >> what's the plan for dos to get this program off the ground that's a great question we didn't found out until this week that will be in the mayor's office budget we have to look at setting it up to study it so we need to know the outcomes we will have what we'll do a subsidy program so is it not going to be you know we did try a piloted for people to qualify for in-home care services but had to pay something we didn't need to study is that will be a subsidy important people who either don't qualify or want to pay for one we'll bring back the stakeholder that kind of helped to put this together and work with the community living fund probably a mechanism we have in place and decide how to prioritize people that is hard we'll not have enough money for 14 thousand people and don't know this is quite the right number we can probably serve to 50 people in a

. >> sherren you were talking about it in home support for the middle-income and one million dollars million dollars for each of two years. >> for each of two years. >> right. >> a pilot project. >> right. >> what's the plan for dos to get this program off the ground that's a great question we didn't found out until this week that will be in the mayor's office budget we have to look at setting it up to study it so we need to know the outcomes we will have what we'll do a subsidy program so is it not going to be you know we did try a piloted for people to qualify for in-home care services but had to pay something we didn't need to study is that will be a subsidy important people who either don't qualify or want to pay for one we'll bring back the stakeholder that kind of helped to put this together and work with the community living fund probably a mechanism we have in place and decide how to prioritize people that is hard we'll not have enough money for 14 thousand people and don't know this is quite the right number we can probably serve to 50 people in a year and so we have to thin

. >> sherren you were talking about it in home support for the middle-income and one million dollarswo years. >> it is one million dollars for each of two years. >> for each of two years. >> right. >> a pilot project. >> right. >> what's the plan for dos to get this program off the ground that's a great question we didn't found out until this week that will be in the mayor's office budget we have to look at setting it up to study it so we

. >> thank you in he and the next item is the director's report sherren thank you for the opportunityngratulate her on behalf of all the commissioners thank you, commissioner (clapping.) thank you very much commissioner serlina and all of i appreciate the support and happy this process had an b has been completed and it is been a great thing to be intern director i look forward to working with everyone here as the director thank you. >> so there are a couple of things i want to talk about here's the mike yes, he guess a couple of things to talk about this morning the first is that last week i was in washington, d.c. with coalition for the national association on aging policy briefing and visit to capital hill i was there with a number of folks from california and formed the california coalition as a team talked about a lot of the issues no california specifically concerns about social security and what will happen in the future of social security we talked about medicare we talked about housing and how we might building that housing is part of health care an interval part and talked a

you won't want to miss a conversation coming up the ceo of ge capital keith sherren will join us on "." when "squawk on the street" comes back, one of the founding fathers of the euro and former chief economist of the ecb will join us coming up next. >>> after the brexit are there other major risks that the market might be missing? find out at trading nation.cnbc.com. more "squawk on the street" coming up. >>> the stock market rebound continues with the dow up 16 points. to rick santelli with the exchange. >> thank you, simon. listen, when i think of a german banker disciplined, rule based, the person i envision is my guest today, professor otmar issing, many call him the euro founding father. he's currently the president of the center for financial studies. i call him a world-class gis disciplined banker. thank you for taking the time today, professor. >> good afternoon. >> all right. i guess the best place to start, i've been reading many things that you've written or been interviewed on over the years, and i can't believe deep down inside you were shocked at the brexit vote when yo